The Manawatu Herald. SATURDAY, DEC. 7, 1907. THE PUBLIC DEBT.
According to the Official Year Book just to hand the gross public debt of the colony on the 31st March, 1907, was £64, 179,040, an increase of on the amount owing at the end of the preceding financial year. The net debt increased by £i’606,07i and on 31st March, 1907, stood at £61,276,542. Of the increase in the public debt, ,£596,015,, was used for the purchase of lands for settlement; £525,000 for railway construction and additions to open lines ; £IBO,OOO for loans to local bodies; £150,000 for advances to settlers ; £20,000, for advances to workers; and £1384 for N.Z. Consols deposits, making a total of £1,472,399 invested in a directly reproductive manner, besides moneys spent on telegraph extension.
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Manawatu Herald, Volume XXIX, Issue 3778, 7 December 1907, Page 2
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128The Manawatu Herald. SATURDAY, DEC. 7, 1907. THE PUBLIC DEBT. Manawatu Herald, Volume XXIX, Issue 3778, 7 December 1907, Page 2
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