SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1885 Session I, B-07

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1885. NEW ZEALAND.

SINKING FUNDS.

BPOET AND ACCOUNTS OF THE COMMISSIONERS OB1 THE PUBLIC DEBTS SINKING FUNDS FOE THE YEAE ENDED 31st MAECH, 1885.

Laid before both Houses of the General Assembly in compliance with the 6th section of " The Public Debts Sinking Funds Act, 1568."

EEPOET. Sir, — Government Buildings, Wellington, 23rd June, 1885. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament their report and accounts for the year ended 31st March, 1885. Nothing in the proceedings of the Commissioners has occurred during the year to call for remark. I have, &c, James Edwabd FitzGeeald, Chairman of the Commissioners of the Public Debts Sinking Funds. The Hon. the Speaker of the House of Eepresentatives.

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STATEMENT of the RECEIPTS and DISBURSEMENTS of the Dr. During the Year

>B. JHG THE RECEIPTS. £ s. d. £ s. d. "New Zealand Loan Act, I860:" — Contributions of Sinking Fund at 2 per cent., — On £93,100, one year to 31 December, 1884 Interest on Investments, — Immigration and Public Works Loan Debentures, — On £5,589, one year to 15 October, 1884, at 4J per cent. £1,000, one year to 15 October, 1884, at 4 per cent. Defence Loan Debentures, — On £12,600, one year to 31 December, 1884, at 4J per cent. £30,700, one year to 31 December, 1884, at 5 per cent. .. Canterbury Rivers Debentures at 6 per cent., — On £1,440, one year to 17 November, 1884 £300, one year to 13 November, 1884 £2,000, one year to 9 December, 1884 £2,000, one year to 14 January, 1885 Inscribed Stock at 5 per cent., — On £9,970, 1 January to 5 July, 1884 .. Deficiency Bills at 5 per cent., — On £3,000, 16 January to 31 December, 1884 £9,970, 5 July to 28 November £100, 20 December to 31 December, 1884 Cambridge Town Board Debentures at 6 per cent., — On £300, one year to 1 February, 1885 Borough of Patea Debentures at 6 per cent., — On £3,000, one year to 1 August, 1884 .. Waitara Harbour Board Debentures at 0 per cent., — On £2,910, half-year to 30 June, 1884 £45, 31 December, 1883, to 8 January, 1884 £2,865, half-year to 31 December, 1884 £800, one year to 1 February, 1885 Borough of Hawera Debentures at 6 per cent., - On £2,000, one year to 1 February, 1885 £1,300, one year to 1 February, 1885 Interest on credit balances at the Bank of New Zealand Investments realized, — Waitara Harbour Board Debentures, — 1 July, 1884 5 January, 1885 Cambridge Town Board Debentures, — 1 February, 18S5 1,862 0 0 251 10 2 40 0 0 567 0 0 1,535 0 0 86 8 0 18 0 0 120 0 0 120 0 0 255 7 11 143 4 5 199 8 0 0 4 10 18 0 0 180 0 0 87 6 0 0 14 85 19 0 48 0 0 120 0 0 78 0 0 48 2 6 45 0 0 45 0 0 70 0 0 6,023 12 2 " Auckland Loan Act, 1863 :"— Contributions of Sinking Fund at 2 per cent., — On £31,600, 1 year to 1 July, 1884 Interest on Investments, — Defence Loan Debentures, — On £4,870 at 5 per cent., one year to 31 December, 1884 £1,200 at 4J per cent., one year to 31 December, 1884 .. Immigration and Public Works Loan Debentures, — On £1,518 at 4J per cent., one year to 15 October, 1884 Canterbury Rivers Debentures at 6 per cent., — On £100, one year to 14 January, 1885 .. ' Waitara Harbour Debentures at 6 per cent., — On £1,000, one year to 1 January, 1885 £1,200, one year to 1 February, 1885 .. Deficiency Bills at 5 per cent, — On £3,030, 5 July to 28 November, 1884 £1,120, 31 December, 1883, to 31 March, 1884 £210, 31 March, 1884, to 31 December, 1884 £1,040, 20 December, 1884, to 31 December, 1884 Inscribed Stock, — On £3,030 at 5 per cent., 1 January to 5 July, 1884 Interest on credit balances at the Bank of New Zealand 632 0 0 243 10 0 54 0 0 68 6 6 6 0 0 60 0 0 72 0 0 60 12 0 13 19 3 7 17 5 1 11 4 77 12 4 15 2 0 ' 1,312 11 4 "Wellington Loan Act, I860:"— Contributions of Sinking Fund at 2 per cent., — On £13,500, one year to 31 December, 1884 Interest on Investments, — Defence Loan Debentures, — On £3,150, one year to 31 December, 1884, at 5 per cent. £780, one year to 31 December, 1884, at 4J per cent. Immigration and Public Works Loan Debentures at 4J per cent., — On £1,354, one year to 15 October, 1884 .. .. Canterbury Rivers Debentures at 6 per cent., — On £70, one year to 17 November, 1884 £500, one year to 9 December, 1884 £200, one year to 14 January, 1885 Cambridge Town Board Debentures at 6 per cent., — On £400, ono year to 1 February, 1885 270 0 0 157 10 0 35 2 0 60 18 6 4 4 0 30 0 0 12 0 0 24 0 0 Carried forward 593 14 6 i, 336 3 6

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS, ended 31st March, 1885. Cr.

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inded 31st March, 1885. Ce DISBTJKSEMENTS. £ s. d. & s. a. "New Zealand Loan Act, I860:"— Investments, — General Purposes Loan 5 per cent. Debentures, — 11 December, 1884 Deficiency Bills 5 per cent.,— 20 December, 1884 15 January, 1885 3,300 0 0 160 0 0 2,240 0 0 5,700 0 0 • • "Auckland Loan Act, 1863:"— Investments, — Deficiency Bills at 5 per cent., — 20 December, 1884 14 January, 1885 1,240 0 0 1,040 0 0 200 0 0 " Wellington Loan Act, 1866:" — Investments, — General Purposes Loan Debentures at 5 per cent., — 11 December, 1884 Deficiency Bills, — 20 December, 1884 14 January, 1885 400 0 0 30 O 0 260 0 0 690 0 0 Carried forward .. .. 7,630 0 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the Dr. During the Year

E. Du: ;ing the Yea: RECEIPTS. £ s. a. £ s. a. Brought forwara 593 14 6 7,336 3 G , " Wellington Loan Act, I860 " — continued : — Waitara Harbour Boaixl Debentures at 6 per cent., — On £200, one year to 1 February, 1885 Insoribea Stock, — On £1,770 at 5 per cent., 1 January to 5 July, 1884 Deficiency Bills at 5 per cent., — On £1,770, 5 July to 28 November, 1884 £120, 31 December, 1883, to 30 June, 1884 £120, 30 June to 31 December, 1884 £30, 20 December to 31 December, 1884 Interest on credit balances at the Bank of New Zealand .. 12 0 0 45 6 10 35 8 0 2 19 11 3 0 0 0 0 11 6 3 6 "Lyttelton and Cheistchuech Kailway Loan Obdinance, I860:" — Contribution of Sinking Fund at 2 per cent., — On £77,700, one year to 31 December, 1884 Interest on Investments, — Defence Loan Debentures, — On £100 at 4£ per cent, one year to 31 December, 1884 £3,300 at 5 per cent., one year to 31 December, 1884 Immigration ana Public Works Loan Debentures at 4J per cent., — On £908, one year to 15 October, 1884 £100, one year to 15 October, 1884 Canterbury Rivers Debentures at 6 per cent., — On £1,700, one year to 13 November, 1884 £1,310, one year to 17 November, 1884 £900, one year to 14 January, 1885 Borough of Patea Debentures at 6 per cent., — On £2,000, one year to 1 August, 1884 Waitara Harbour Boai-a Debentures at 6 per cent., — On £2,000, one year to 31 December, 1884 £500, one year to 1 February, 1885 Inscribed Stock, — On £21,760 at 5 per cent., 1 January to 5 July, 1884 Deficiency Bills at 5 per cent., — On £21,760, 5 July to 28 November, 1884 £2,300, 31 December, 1883, to 31 March, 1884 £2,300, 31 March to 30 June, 1884 £3,000, 16 January to 30 June, 1884 .. £5,300, half-year to 31 December, 1884 £2,200, 20 December to 31 December, 1884 Borough of Hawera Debentures, — On £2,950, half-year to 1 August, 1884 £2,887, half-year to 1 February, 1885 Interest on credit balances at the Bank of New Zealand V 698 13 8 1,554 0 0 4 10 0 165 0 0 40 17 2 4 10 0 102 0 0 78 12 0 54 0 0 120 0 0 120 0 0 30 0 0 557 8 3 435 4 0 28 13 5 28 13 5 68 4 4 132 10 0 3 6 3 88 10 0 86 12 2 31 5 6 Investments realized, — Borough of Hawera Debentures, 9 August, 1884 63 0 0 "Cantekbuey Loan Obdinance, 1862:"— Contributions of Sinking Funds at 1 per cent., — On £22,800, one year to 31 December, 1884 Interest on Investments, — Defence Loan Debentures, — On £300 at 5 per cent., one year to 31 December, 1884 £370 at 4£ per cent., one year to '31 December, 1884 Immigration and Public Works Loan Debentures at 4J per cent., —' On £915, one year to 15 October, 1884 Canterbury Bivers Debentures at 6 per cent., — On £180, one year to 17 November, 1884 £100, one year to 14 January, 1885 Inscribed Stock, — On £1,050 at 5 per cent., 1 January to 5 July, 1884 Deficiency Bills,' — On £1,050 at 5 per cent., 5 July to 28 November, 1884 £110 at 5 per cent., 31 December, 1883, to 31 March, 1884 £110 at 5 per cent., 31 March to 30 June, 1884 £110 at 5 per cent., half-year to 31 December, 1884 £60 at 5 per cent., 20 to 31 December, 1884 Waitara Harbour Board Debentures,— On £300 at 6 per cent., half-year to 1 August, 1884 £270 at 6 per cent., half-year to 1 February, 1885 Interest on credit balances at the Bank of New Zealand 3,796 16 6 228 0 0 15 0 0 16 13 0 41 3 6 10 16 0 6 0 0 26 17 11 21 0 0 17 5 17 5 2 15 0 0 1 10 9 0 0 8 2 0 3 18 0 Investments realized, — Waitara Harbour Board Debentures, — 4 August, 1884 17 February, 1885 30 0 0 30 0 0 452 2 1 Carried forward .. .. .. :. 12,283 15 9

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS, ended 31st March, 1885. Cr.

ended 31st March, 1885: Ce DISBURSEMENTS. £ s. d. £ s. a. Brought forward .. 7,630 0 0 "Lyttelton and Gheistchubch Eailway Loan Okdinance, I860:" — Investments, — Deficiency Bills at 5 per cent., — 20 December, 1884 14 January, 1885 2,200 0 0 1,400 0 0 3,600 0 0 "Cantekbuky Loan Oedinance, 1862:" — Investments, — General Purposes Loan Debentures at 5 per cent., — 11 December, 1884 Deficiency Bills at 5 per cent., — 20 December, 1884 .. .. - .. 14 January, 1885 200 0 0 60 0 0 150 0 0 410 0 0 Carried forward .. 11,640 0 0 • •

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the Dr. During the Year

Du: 3ng the Yea: IB. RECEIPTS. £ s. d. £ s. d. Brought forward .. 12,283 15 9 "Westland Loan Act, 1873:"— Keceiptr; from the Treasury Interest on Investments, — Deficiency Bills, — On £90'at 5 per cent., 31 December, 1883, to 31 March, 1884 £100 at 5 per cent., 20 to 31 December, 1884 .. Interest on Credit Balances at tho Bank of New Zealand 119 17 C 12 5 0 3 0 10 4 " Otaqo Loan Obdinance, 1862:" — Contributions of Sinking Fund, — On £116,700 at 10 per cent., one year to 1 July, 1884 Interest on Investments, — Defence Loan Debentures, — On £7,680 at 5 per cent., one year to 31 December, 1884 .. £4,950 at 4J per cent., one year to 31 December, 1884 .. Immigration and Public Works Loan Debentures,— On £2,567 at 4Jper cent., one year to 15 October, 1884 Canterbury Rivers Debentures, — On £1,500, one year to 17 November, 1884 £2,000, one year to 9 December, 1884 £200, one year to 14 January, 1885 City of Dunedin Mortgage, — On £3,300 at 7 per cent., one year to 1 January, 1885 Waitara, Harbour Board, — On £3,000 at G per cent., one year to 31 December, 1884 .. £3,000 at G per cent., one year to 1 Fobruary, 1885 Inscribed Stock, — On £13,220 at 5 per cent., 1 January to 5 July, 1884 Deficiency Bills, — On £13,220 at 5 per cent., 5 July to 28 November, 1884 £320 at 5 per cent., 31 December, 1883, to 31 March, 1884 £320 at 5 per cent., 31 March to 30 June, 1884 £320 at 5 per cent., 30 June to 31 December, 1884 £2,500 at 5 per cent., 20 to 31 December, 1884 Interest at the Bank of New Zealand on daily balance 122 3 3 1,167 0 0 384 0 0 222 15 0 115 10 2 90 0 0 120 0 0 12 0 0 231 0 0 180 0 0 180 0 0 338 13 0 264 8 0 3 19 9 3 19 9 8 0 0 3 15 4 35 0 7 3,360 1 7 Waitaba Haeboub Loans:— Contributions of Sinking Fund at 1 per cent., — On £9,000, one year to 31 December, 1884 £0,000, one year to 1 February, 1885 Interest on Investments, — Immigration and Public Works Loan Debentures at 4J per cent., — On £49, one year to 15 October, 1884 Deficiency Bills, — On £40 at 5 per cent., 31 December, 1883, to 31 December, 1884 £10 at 5 per cent., 20 to 31 December, 1884 Waitara Harbour Debentures, — On £45 at G per cent., half-year to 30 June, 1884 £45 at 6 per cent., 8 January to 30 June, 1884 £135 at 6 per cent., half-year to 31 December, 1884 £30 at G per cent., half-year to 1 February, 1885 Interest on Balances at the Bank of New Zealand .. 90 0 0 60 0 0 2 4 0 2 0 0 0 0 4 17 0 15 8 4 10 0 18 0 0 2 6 Bobough of Haweea Loan :— Contributions of Sinking Fund at 1 per cent., — On £5,000, one year to 1 August, 1884 .. .. ... £1,300, one year to 1 August, 1884 Interest on Investments, — On £50 at 6 per cent., half-year to 1 August, 1884 .. £113 at 6 per cent., half-year to 1 February, 1885 50 0 0 13 0 0 161 18 6 1 10 0 3 7 10 67 17 10 Balance, 31 Maboh, 1884 15,995 16 11 272 8 0 16,268 4 11 Wellington, 13th June, 1885,

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS, ended 31st March, 1885. Cr.

Jambs C. Gavin, Secretary and Accountant to the Commissioners. Examined and found correct. James Edwaed FitzGebald, '•■ ■ '• Controller and Auditor-General.

1NDBD ST -AECH, 15. DISBURSEMENTS. £ s. d. £ s. d. Carried forward .. 11,640 0 0 "Westland Loan Act, 1873:" Investments, — Deficiency Bills at 5 per cent., — 20 December, 1884 100 0 0 100 0 0 " Otago Loan Obdinance, 1862:"— Investments,— Deficiency Bills at 5 per cent., — 20 December, 1884 14 January, 1885 i 2,500 0 0 650 0 0 3,150 0 0 Waitaea Habboub Loans :— Investments, — Waitara Harbour Debentures at 6 per cent., — 4 July, 1884 4 August, 1884 5 January, 1885 17 February, 1885 Deficiency Bills at 5 per cent., — 20 December, 1884 45 0 0 30 0 0 45 0 0 30 0 0 10 0 0 160 0 0 Bobough of Haweea Loan:— Investments, — Borough of Ha-svera Debentures at 6 per cent., — 9 August, 1884 63 0 0 63 0 0 Balance, 31 Maboh, 1885 15,113 0 0 1,155 4 11 16,268 4 11

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James C. Gavin, Secretary and Accountant to the Commissioners.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on 31st March, 1885.

<o Lo. S IN BESPECT 01 WHICH THE Iinkikg Fund: ABE HELD. 8B0TJBITIES. When Securities are Redeemable. Oft "New Zealand Loan Act, 1860." " Auckland Loan Act, 1863." "Wellington Loan Act, 1866." " Lyttelton and Christchurch Railway Loan Ordinance, 1860." " Canterbury Loan Ordinance, 1862." " Westland Loan Act, 1873." "North Otago District Public Works Loan Act, 1872." " Otago Loan Ordinance, 1862." Waitara Harbour Board Account. Hawera Borough Account. Totals. ii £ S. d. 12,600 0 0 & s. d. 1,200 0 0 £ s. d. 780 0 0 £ s. d. 100 0 0 £ S. d. 370 0 0 £ s. d. £ s. d. £ s. d. 4,950 0 0 £ s. d. £ s. a. £ s. d. 20,000 0 C Defence and Other Purposes Loan Debentures 1 July, 1910 Ditto .. 31 Dec, 1885 5 30,700 0 0 4,870 0 0 3,150 0 0 3,300 0 0 300 0 0 7,680 0 0 50,000 0 C Immigration and Public Works Loan Debentures .. 15 Apr., 1913 4 1,000 0 0 1,000 0 C •■ Ditto .. 15 Apr., 1913 4J 5,589 0 0 1,518 0 0 1,354 0 0 1,008 0 0 915 0 0 2,567 0 0 49 0 0 13,000 0 C General Purposes Loan Debentures .. I 28 Nov., 1914 5 13,270 0 0 3,030 0 0 2,170 0 0 21,760 0 0 1,250 0 0 13,220 0 0 54,700 0 C Canterbury Kivers Debentures 13 May, 1927 6 300 0 0 1,700 0 0 2,000 0 C Ditto .. 17 Nov., 1897 6 1,440 0 0 70 0 0 1,310 0 0 180 0 0 1,500 0 0 4,500 0 C Ditto .. 6 2,000 0 0 500 0 0 2,000 0 0 4,500 0 C Bitto .. 14 Jan., 1898 6 2,000 0 0 100 0 0 200 0 0 900 0 0 100 0 0 200 0 0 3,500 0 C Oity of Dunedin Mortgage 1 July, 1898 7 I 3,300 0 0 I 3,300 0 C Borough of Patea Debentures 1 Feb., 1898 6 3,000 0 0 2,000 0 0 5,000 0 C „ Hawera Debentures 1 Aug., 1897 6 3,300 0 0 2,887 0 0 113 0 0 6,300 0 C Waitara Harbour Board Debentures 1 July, 1897 6 I | 2,820 0 0 1,000 0 0 2,000 0 0 3,000 0 0 180 0 0 9,000 0 C Ditto .. 1 Aug., 1897 6 800 0 0 1,200 0 0 200 0 0 500 0 0 240 0 0 3,000 0 0 60 0 0 6,000 0 C Cambridge Town District Debentures 1 Feb.,18861894 30 June,1885 6 230 0 0 400 0 0 630 0 C Deficiency Bills .. .. .. .. I 5 5,400 0 0 1,450 0 0 410 0 0 8,900 0 0 320 0 0 100 0 0 3,470 0 0 50 0 0 20,100 0 C 84,449 0 0 14,368 0 0 9,234 0 0 46,365 0 0 3,675 0 0 100 0 0 44,887 0 0 339 0 0 113 0 0 203,530 0 ( Cash in Bank of New Zealand 420 10 4 92 0 7 54 15 1 235 16 7 46 3 1 40 3 10 0 10 9 251 11 11 7 9 8 6 3 1 1,155 4 l: Total Cash and Securities .. 119 3 1 84,869 10 4 14,460 0 7 9,288 15 1 46,600 16 7 ,721 3 1 140 3 10 0 10 9 45,138 11 11 346 9 8 204, 6S5 4 l:

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Funds Accrued on 31st March, 1885.

STATEMENT of the Expenses incurred during the Tear ended 31st March, 1884. £ s. d. Salary of tho Secretary and Accountant from 1 April, 1884, to 31 March, 1885 .. 50 0 0 James C. Gavin, Secretary and Accountant to the Commissioners. Examined and found correct. James Edward FitzGbeald, Controller and Auditor-General. 13th June, 1885.

Authority: Geoege Didsbuey, Government Printer, Wellington.—lBBs.

Loans. Debentures in Circulation. Bate of Sinking Fund. When ltodeemable. Sinking Funds Accrued. " New Zealand Loan Act, 1860 " " Auckland Loan Act, 1863 " " Wellington Loon Act, 1866 " " Lyttelton and Christclmrch Railway Loan Ordinance, 1860 " " Canterbury Loan Ordinance, 1862 " " Otago Loan Ordinance, 1862 " £ 93,100 81,600 13,500 Per cent. 2 2 2 1 July, 1891 1 June, 1896 1 July, 1886 & s. d. 84,809 10 4 14,400 0 7 9,288 15 1 77,700 22,800 116,700 2 1 1 1894 and 1897 50 years from date of issue 1 July, 1898 .. 46,600 16 7 3,721 3 1 45,138 11 11 " Westland Loan Act, 1873 " " North Otago District Public Works Loan Act, 1872 " .. Waitara Harbour Loans Borough of Hawera Loans 355,400 204,078 17 7 140 3 10 0 10 9 346 9 8 119 3 1 Total 204,685 4 11