SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1891 Session II, B-08

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Sess. 11.—1891. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OE THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1891.

Presented to both Houses of the General Assembly in compliance with the 6th Section of " The Public Debts Sinking Funds Act, 1868."

REPORT. Government Buildings, Wellington, sth June, 1891. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament the accounts of their transactions for the year ended on the 31st day of Marph last. The debentures of the loan of 1860 outstanding and payable on the Ist July amount to £74,100, and the Commissioners hold securities to the nominal value of — £ s. d. Consolidated stock, 5 per cent. ... ... ... ... 19,549 0 0 Consolidated stock, 4-| per cent. ... ... ... ... 51,000 0 0 Waitara Harbour Board debentures .. ... ... 17,653 2 0 £88,202 2 0 together with cash in hand, at present £1,711 9s. 2d., which will be increased by about £500 by the Ist July by accrued interest. The Commissioners, finding that the Waitara Harbour Board were still unable to meet their payments of interest, accepted an offer made by the Board to pay interest at the _ reduced rate of 3 per cent, for two years, the arrears to stand over till the expiration of that time, in the hope that the renewed activity in the trade of the port would enable the Board to meet all its engagements, the whole of any surplus of revenue received by the Board in excess of necessary current expenditure being applied in liquidating the overdue interest and sinking fund. Since that arrangement was made the interest at the reduced rate has been paid punctually, but the outstanding liability has not been reduced. James Edwabd FitzGekald, Chairman.

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

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RECEIPTS. £ s. d. £ s. a. "New Zealand Loan Act, I860:" — Interest on Investments, — Immigration and Public Works Loan Debentures at 4 per cent., — On £1,000, one year to 15 October, 1890 .. .. .. .. j Immigration and Public Works Loan Debentures at 4J per cent., —■ On £5,589, one year to 15 October, 1890 General Purposes Loan Debentures at 5 per cent., — On £13,270, one year to 15 November, 1890 On £80, 1 October to 15 November, 1890 Borough of Thames Debentures at 5J per cent., — On £400, one year to 1 October, 1890 Consolidated Stock Debentures at per cent., — On £20,350, one year to 28 November, 1890 .. .. .. j Consolidated Stock Debentures at 5 per cent., — On £11,550, half-year to 28 May, 1890 On £2,760, 29 March to On £210, half-year to „ On £1,310, 9 June to 28 Novomber, 1890 On £670, 17 Sept. to On £200, 13 Oct. to Defence Loan Debentures at 4£ per cent., — On £12,600, one year to 31 Decembor, 1890 - Deficiency Bills at 5 per cent., — On £1,000, one year to 31 December, 1890 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £6,500, one year to 31 December, 1890, less Income-tax .. j Borough of Hawera Debentures at 6 per cent., — On £3,200, half-year to 1 August, 1890 On £2,570, „ to 1 February, 1891 On £80, to 1 October, 1890 Borough of Cambridge Debentures at 6 per cent., — On £92, one year to 1 February, 1891 Borough of Patea Debentures at 6 per cent., — On £3,000, half-year to 1 August, 1890 On £3,000, at reduced rate of 5 per cent, to 1 February, 1891 .. j Waitara Harbour Board Debentures at 6 per cent., — On £650, at reduced rate of 3 per cent., to 1 October, 1890 .. j On £8,760, „ „ to 1 January, 1891 .. | On £5,910, „ „ to 1 February, 1891 Refund of Income-tax deducted from dividend in May, 1889, on Inscribed Stock Refund of Income-tax deducted from June and December, 1889, dividends on Wellington-Manawatu Railway Company's Debentures .. Interest at 3 per cent, on Uninvested Balances at Bank of New Zealand, to 31 March, 1891 Investments realised, — Borough of Hawera Debentures redeemed Consolidated Stock 5-per-cent. Debentures Waitara Harbour Board Securities due on 1 April, 1887, redeemed Borough of Cambridge Debentures redeemed 40 0 0 251 10 0 663 10 0 0 10 0 22 0 0 915 15 0 288 15 0 22 13 10 5 5 0 30 17 4 0 12 2 15 3 567 0 0 50 0 0 316 17 6 96 0 0 77 2 0 0 15 11 14 0 90 0 0 75 0 0 9 15 0 131 8 0 88 13 0 16 0 8 2 6 18 7 9 030 0 0 14,100 0 0 19 10 0 20 0 0 18,549 15 3 " Auckland Loan Act, 1863 :"— Contributions to Sinking Fund for one year to 1 July, 1890 Interest on Investments,-— Immigration and Public Works Loan Debentures at 4J per cent., — On £1,618, one year to 15 October, 1890 .. Borough of Thames Debentures at 5A per cent., — On £600, one year to 1 October, 1890 General Purposes Loan Debentures at 5 per cent., — On £3,030, one year to 15 November, 1890 Consolidated Stock Debentures at 44 per cent., — On £7,370, one year to 25 November, 1890 Consolidated Stock Debentures at 5 per cent., — On £1,220, half-year to 28 May, 1890 On £400, 29 March to On £4,280, half-year to 28 November, 1890 On £360, 9 June to „ .. .. .. I On £430, 17 Sept. to „ .. .. On £110, 13 Oct. to Borough of Tauranga Debentures at 5 per cent., — On £700, one year to 1 November, 1890 .. .. .. .. j Defence Loan Debentures at 4J per cent., — On £1,980, one year to 31 December, 1890 Deficiency Bill at 5 per cent., — On £690, one year to 31 December, 1890 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £1,450, one year to 31 December, 1890, less Income-tax Borough of Cambridge Debentures at 6 per cent., — On £100, one year to 1 February, 1891 632 0 0 72 16 2 33 0 0 151 10 0 331 13 0 30 10 0 3 5 8 107 0 0 8 9 7 4 4 10 ■ 0 13 10 35 0 0 89 2 0 34 10 0 70 13 10 6 0 0 Carried forward 1,610 8 11 18,549 15 3

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1891.

DISBURSEMENTS. £ s. d. £ s. d. "New Zealand Loan Act, I860:"— Investments, — Waitara Harbour Board Debentures received in exchange for Consolidated Stock Debentures, due 1 July, 1897 .. £6,000 0 0 Overdue Coupons, 1 July, 1886, to 31 December, 1889 .. 1,260 0 0 Debentures due 1 August, 1897 .. .. .. 5,110 0 0 Overdue Coupons, 1 August, 1880, to 1 February, 1890 .. 1,073 2 0 Debentures due 1 April, 1897 .. .. .. 650 0 0 Overdue Coupons. 1 October, 1886, to 1 April, 1887 .. 19 10 0 Purchase at par of 5-per-cent. Consolidated Stock Debentures (due 28 November, 1891), 9 June, 1890.. .. 1,310 0 0 Ditto, 17 September, 1890 .. .. .. .. 670 0 0 Ditto, 4 October, 1890 .. .. .. .. 200 0 0 14,112 12 0 Part of County of Waitemata 6-per-cent. Debentures, 8 November, 1890 Part of Borough of Hokitika 6-per-cent. Debentures, 19 January, 1891.. Part of Deficiency Bill, 21 January, 1891 2,180 0 0 170 0 0 520 0 0 1,190 0 0 18,172 12 0 " Auckland Loan Act, 1863:" — Investments, — 5-per-cent. Consolidated Stock Debentures received in exchange for Waitara Harbour Board Debentures and overdue Coupons Purchase of 5-per-cent. Consolidated Stock Debentures, 9 June, 1890.. Purchase of „ „ 15 Sept., 1890.. Purchase of „ , 13 Oct., 1890.. Purchase of part of County of Waitemata 6-per-cent. Debentures, 8 November, 1890 Purchase of part of Borough of Hokitika 6-per-cent. Debentures, 19 January, 1891 Purchase of part of 5 per-cent. Deficiency Bill, 21 January, 1891 2,660 0 0 360 0 0 430 0 0 110 0 0 80 0 0 4,280 0 0 200 0 0 440 0 0 Carried forward 22,452 12 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

RECEIPTS. £ s. d. £ s. d. Brought forward 1,610 8 11 18,549 15 3 11 Auckland Loan Act, 1863 " — continued. Interest on Investments — continued. Refund of Income-tax deducted from dividend in May, 1889, on Consolidated Stock Refund of Income-tax deducted from June and December, 1889, dividends on Wellington-Manawatu Railway Company's Debentures Interest at 3 per cent, on Bank Balances to 31 March, 1891 Investments realised, — Borough of Cambridge Debentures Waitara Harbour Board Debentures at 6 per cent., — Due 1 July, 1897 (including £210 overdue Coupons) exchanged for Consolidated Stock Due 1 August, 1897 (with £252 overdue Coupons) .. 0 4 0 1 16 3 10 5 11 20 0 0 1,210 0 0 1,452 0 0 4,304 15 1 "Lyttelton and Chbistchubch Railway Loan Obdinance, I860:" — Contributions to Sinking Fund, one year to 31 December, 1890 Interest on Investments, — Waitara Harbour Board Debentures at 6 per cent., — On £650, half-year to 1 April, 1890 Immigration and Public Works Loan Debentures at 4J per cent.,— On £2,162, one year to 15 October, 1890 General Purposes Loan Debentures at 5 per cent., — On £21,760, one year to 15 November, 1890 Consolidated Stock Debentures at 4J per cent., — On £13,200, one year to 28 November, 1890 Consolidated Stock Debentures at 5 per cent., — On £14,150, half-year to 28 May, 1890 On £2,350, 29 March to On £20,190, half-year to 28 November, 1890 On £170, 1 August to On £1,320, 9 June to On £870, 17 Sept. to On £220, 13 Oct. to Defence Loan Debentures at 4J per cent., — On £100, one year to 31 December, 1890 Deficiency Bills at 5 per cent, — On £865, one year to 31 December, 1890 On £80, 1 August to Wellington-Manawatu Railway Company's Debentures at 5 per cent, — On £5,215, one year to 31 December, J.890, less Income-tax Borough of Hawera Debentures at 6 per cent., — On £2,824, half-year to 1 August, 1890 On £2,044, „ to 1 February, 1891 Borough of Patea Debentures at 6 per cent., — On £2,000, half-year to 1 August, 1890 On £2,000, „ to 1 February, 1891, at reduced rate of 5 per cent. Refund of Income-tax deducted from dividend in May, 1889, on Inscribed Stock Refund of Income-tax deducted from June and December, 1889, dividends on Wellington-Manawatu Railway Company's Debentures Interest at 3 per cent, on Bank balances to 31 March, 1891 Investments realised, — Waitara Harbour Board Debentures at 6 per cent.— Due 1 July, 1897, including £420 overdue Coupons exchanged for 5-per-cent. Consolidated Stock .. .. Due 1 August, 1897, with £105 overdue Coupons Due 1 April, 1897, with £19 10s. Borough of Hawera Debentures 1,554 0 0 19 10 0 97 5 10 1,088 0 0 594 0 0 353 15 0 19 6 4 504 IS 0 2 15 5 31 2 0 8 11 7 1 7 9 4 10 0 43 5 0 1 13 3 254 4 8 84 14 5 61 6 5 60 0 0 50 0 0 0 18 11 0 10 4 23 8 8 2,420 0 0 605 0 0 669 10 0 780 0 0 9,339 10 7 ■' Canterbury Loan Obdinance, 1862:" — Contribution to Sinking Fund, one year to 31 December, 1890 Interest on Investments, — -Immigration and Public Works Debentures at per cent., — On £1,015, one year to 15 October, 1890 General Purposes Loan Debentures at 5 per cent.,— On £1,420, one year to 15 November, 1890 Consolidated Stock Debentures at 4J per cent., — On £300, one year to 28 November, 1890 Consolidated Stock Debentures at 5 per cent., — On £1,360, half-year to 28 May, 1890 On £200, 29 March to On £1,810, half-year to 28 November, 1890 On £140, 9 June to On £90, 17 Sept. to On £20, 13 Oct. to 228 0 0 45 13 8 71 0 0 13 10 0 34 0 0 1 12 10 45 5 0 3 6 0 0 17 9 0 2 6 Carried forward 443 7 9 32,194 0 11

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1891.

DISBURSEMENTS. £ s. a. £ s. d. Brought forward 22,452 12 0 "Lyttelton and Chbistchurch Railway Loan Ordinance, I860;" — Investments, — 5-per-cent. Consolidated Stock Debentures received in exchange for Waitara Harbour Debentures Purchase of 5-per-cent. Consolidated Stock Debentures, 9 June, 1890 Purchase of „ „ 17 Sept., 1890 Purchase of „ „ 13 Oct., 1890 Purchase of part of Count}' of Waitemata 6-per-cent. Debentures, 8 November, 1890 Purchase of part of Borough of Hokitika 6-per-cent. Debentures, 19 January, 1891 Purchase of part of 5-per-cent. Deficiency Bill, 21st January, 1891 Securities received in exchange for Borough of Hawera Debentures, — General Purposes Loan 5-per-cent. Debentures Deficiency Bill 5-per-cent. Consolidated Stock 3,690 0 0 1,320 0 0 870 0 0 220 0 0 150 0 0 780 0 0 1,770 0 0 80 0 0 80 0 0 170 0 0 9,130 0 0 " Canterbury Loan Ordinance, 1862:"— Investments, — 5-per-cent. Consolidated Stock Debentures received in exchange for Waitara Harbour Board Debentures Purchase of 5-per-cent. Consolidated Stock Debentures, 9 June, 1890 .. Purchase of „ „ 17 Sept., 1890 .. Purchase of „ „ 13 Oct., 1890.. Purchase of part of 6-per-cent. County of Waitemata Debentures, 8 November, 1890 Purchase of 6-per-cent. Borough of Hokitika Debentures, 19 Jan., 1891 Purchase of part of 5-per-cent. Deficiency Bill, 21 January, 1891 250 0 0 140 0 0 90 0 0 20 0 0 20 0 0 50 0 0 230 0 0 800 0 0 Carried forward 32,382 12 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

s. s. Brought forward 443 7 9 32,194 0 l: 11 Canterbury Loan Ordinance, 1862 " — continued. Interest on Investments — continued. Borough of Tauranga Debentures at 5 per cent., — On £200, one year to 1 November, 1890 Defence Loan Debentures at per cent., — On £370, one year to 31 December, 1890 Deficiency Bills at 5 per cent., — On £330, one year to 31 December, 1890 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £480, one year to 1 December, 1890, less Income-tax Refund of Income-tax deducted from June and December, 1889, dividends on Wellington-Manawatu Railway Company's Debentures Interest at 3 per cent, on Bank balances Investments realised, — Waitara Harbour Board Debentures at 6 per cent, due 1 August, 1897, including £44 2s. overdue Coupons, exchanged for 5-per-cent. Consolidated Stock.. 10 0 0 16 13 0 16 10 0 23 8 0 0 12 0 2 18 4 254 2 0 767 11 ;l Otago Loan Ordinance, 1862:" — Contribution to Sinking Fund,— On £116,700, one year to 1 July, 1890 .. Interest on Investments, — Immigration and Public Works Debentures at 4J per cent.,— On £2,567, one year to 15 October, 1890 Borough of Thames Debentures at 5J per cent., — On £1,200, one year to 1 October, 1890 General Purposes Loan Debentures at 5 per cent., — On £14,570, one year to 15 November, 1890 Consolidated Stock Debentures at 4>J per cent., — On £8,580, one year to 28 November, 1890 Consolidated Stock Debentures at 5 per cent.,— On £13,175, half-year to 28 May, 1890 On £1,300, 29 March to On £21,735, half-year to 28 November, 1890 On £1,080, 9 June to On £900, 17 Sept. to On £230, 13 Oct. to Borough of Tauranga Debentures at 5 per cent., — On £1,700, one year to 1 November, 1890 .. Defence Loan Debentures at 4£ per cent., — On £4,950, one year to 31 December, 1890 .. .. ... Deficiency Bills at 5 per cent., — On £1,915, one year to 31 December, 1890 City of Dunedin Mortgage at 7 per cent.,— On £3,300, one year to 1 January, 1891 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £3,810, one year to 31 December, 1890, less Income-tax Refund of Income-tax deducted from June and December Dividends on Wellington-Manawatu Railway Company's Debentures Interest at 3 per cent, on Bank balances Investments realised, — Waitara Harbour Debentures due 1 July, 1897, with £630 overdue Coupons exchanged for 5-per-cent. Consolidated Stock Waitara Harbour Debentures due 1 August, 1897, with £630 overdue Coupons 1,107 0 0 115 10 4 66 0 0 728 10 0 380 2 0 329 7 6 10 13 9 543 7 6 25 8 11 8 17 6 19 0 85 0 0 222 15 0 95 15 0 231 0 0 185 14 8 4 15 8 23 19 11 3,630 0 0 3,630 0 0 11,491 6 4 Borough of Hawera :— Contributions of Sinking Fund,— On £6,200, one year to 1 August, 1890 Interest on Investments, — General Purposes Loan Debentures at 5 per cent., — On £80, half-year to 15 May, 1890 On £80, to 30 December, 1890 Consolidated Stock Debentures at 5 per cent., — On £160, half-year to 28 May, 1890 On £10, 29 March to On £170, 28 May to 1 August, 1890 Deficiency Bills at 5 per cent., — On £80, half-year to 30 June, 1890 On £80, to 1 August, 1890 .. .. ..... Borough of Hawera Debentures at 6 per cent., — On £176, half-year to 1 August, 1890 On £506, „ to 1 February, 1891 On £80, 1 Oct. to Interest on Bank balances, at 3 per cent., to 31 March, 1891 Investments exchanged for Hawera Borough Debentures,— General Purposes Loan Deficiency Bills Consolidated Stock 62 0 0 2 0 0 1 10 0 4 0 0 0 17 19 7 2 0 0 0 6 9 5 5 7 15 3 7 1 12 1 0 12 7 80 0 0 80 0 0 170 0 0 426 1 9 flnvriQil frtvnravd 44,879 0 1 Carried forward

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1891.

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s. s. Brought forward 32,382 12 0 " Otago Loan Ordinance, 1862:" — Investments, — 5-per-cent. Consolidated Stock Debentures received in exchange for Waitara Harbour Board Debentures Purchase of 5-per-cent. Consolidated Stock Debentures, 9 June, 1890 .. Purchase of „ „ 17 Sept., 1890 .. Purchase of „ „ 13 Oct., 1890.. Purchase of part of 6-per-cent. County of Waitemata Debentures, 8 November, 1890 Purchase of part of 6-per-cent. Borough of Hokitika Debentures, 19 January, 1891 .. .. ..' .. Purchase of part of 5-per-cent. Deficiency Bill, 21 January, 1891 I 7,260 0 0 1,080 0 0 900 0 0 230 0 0 11,380 0 0 160 0 0 530 0 0 1,220 0 0 Borough of Haweba :— Investments, — Borough of Hawera Debentures received in exchange for Government securities Purchase of part of Borough of Hawera Debenture, 1 October, 1890 .. 410 0 0 330 0 0 80 0 0 Carried forward 44,172 12 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

s. s. J.J. J. Q. Brought forward 44,879 0 1 Waitara Harbour Board :— Contributions of Sinking Fund at 1 per cent., — On £650, one year to 1 October, 1890 On £650, half-year due 1 April, 1887 On £9,000, „ due 1 January, 1891 .. On £6,000, „ due 1 February, 1891 Interest on Investments, — Immigration and Public Works Loan Debentures at 4J per cent, — On £49, one year to 15 October, 1890 General Purposes Loan Debentures at 5 per cent., — On £90, one year to 15 November, 1890 .. .. Consolidated Stock Debentures at 5 per cent., — On £105, half-year to 28 May, 1890 On £10, 29 March to On £115, half-year to 28 November, 1890 On £10, 9 June to „ Deficiency Bills at 5 per cent., — On £10, one year to 31 December, 1890 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £85, one year to 31 December, 1890, less Income-tax Waitara Harbour Board Debentures at 6 per cent., — On £240, at reduced rate of 3 per cent, to 31 December, 1890 On £90, „ „ to 1 February, 1891 Refund of Income-tax on June and December, 1889, Dividends on Wellington-Manawatu Railway Company's Debentures Interest at 3 per cent, on Bank balances to 31 March, 1891 .. 0 10 0 3 5 0 45 0 0 30 0 0 2 10 4 10 0 2 12 0 0 17 2 17 6 0 4 9 107 8 2 0 10 0 4 2 10 3 12 0 17 0 0 2 2 0 8 10 t Greymoutii Habbour Board : — Contributions of Sinking Fund, one year to 1 September, 1890 Interest on Investments, — Borough of Thames Debentures at 5-i per cent., — On £500, one year to 1 October, 1890 General Purposes Loan Debentures at 5 per cent., — On £480, one year to 15 November, 1890 Consolidated Stock Debentures at 4-J per cent., — On £500, one year to 28 November, 1890 Consolidated Stock Debentures at 5 per cent.,— On £1,220, half-year to 28 May, 1890 On £110, 29 March to On £1,330, half-year to 28 November, 1890 On £70, 9 June to On £40, 17 Sept. to On £340, 13 Oct. to Borough of Tauranga Debentures at 5 per cent., — On £600, one year to 1 November, 1890 Deficiency Bill at 5 per cent., — On £600, one year to 31 December, 1890 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £980, one year to 31 December, 1890, less Income-tax Refund of Income-tax deducted from June and December, 1889, Dividends on Wellington-Manawatu Railway Company's Debentures Refund of Income-tax deducted from Dividends on Inscribed Stock, May, 1889 Interest on Sinking Fund in arrear to 23 September, 1890 Interest at 3 per cent, on Bank balances to 31 March, 1890 .. 1,000 0 0 27 10 0 24 0 0 22 10 0 30 10 0 0 18 1 33 5 0 1 13 0 0 7 11 2 2 10 30 0 0 30 0 0 47 15 6 1 4 6 0 0 0 14 3 7 7 12 1,273 6 7 Westport Haeboub Board :— Contributions to Sinking Fund,— One year to 1 September, 1890 Half-year to 1 March, 1891 Interest on Investments, — Borough of Thames Debentures at 5,J per cent., — On £800, one year to 1 October, 1890 Consolidated Stock Debentures at per cent., — On £700, one year to 28 November, 1890 Consolidated Stock Debentures at 5 per cent., — On £2,900, half-year to 28 Mav, 1890 On £160, 29 March to On £3,360, half-year to 28 November, 1890 On £110, 9 June to On £460, 17 Sept. to On £370, 13 Oct. to Borough of Tauranga Debentures at 5 per cent., — On £200, one year to 1 November, 1890 1,500 0 0 750 0 0 44 0 0 31 10 0 74 0 0 16 4 84 0 0 2 11 10 4 10 9 2 0 7 10 0 0 Carried forward .. .. .. 2,504 5 0 40,259 14 10

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1891.

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DISBURSEMENTS. £ s. a. £ s. a. Brought forward 44,172 12 0 Waitara Harboub Board :— Investments, — Purchase of 5-per-cent. Consolidated Stock Debenture, 9 June, 1890 .. Purchase of part of Borough of Hokitika 6-por-oent. Debenture, 19 January, 1891 Purchase of part of 5-per-cent. Deficiency Bill, 21 January, 1891 10 0 0 70 0 0 20 0 0 40 0 0 Greymouth Harbour Board :— Investments, — Purchase of 5-per-cent. Consolidated Stock Debenture, 9 June, 1890 .. Purchase of „ „ 17 Sept., 1890 .. Purchase of „ „ 13 Oct., 1890 .. Purchase of part of County of Waitemata 0-per-cent. Debenture, 8 November, 1890 Purchase of part of Borough of Hokitika 0-per-cent. Debenture, 19 January, 1891 Purchase of part of 5-pcr-cent. Deficiency Bill, 21 January, 1891 70 0 0 40 0 0 340 0 0 1,250 0 0 200 0 0 180 0 0 420 0 0 Westfobt Harbour Board :— Investments, — 5-per-cent. Consolidated Stock Debentures received in exchange for Waitara Harbour Board Debentures Purchase of 5-per-cent. Consolidated Stock Debentures, 9 June, 1890 .. Purchase of „ „ 17 Sept., 1890 .. Purchase of „ „ 13 Oct., 1890.. Purchase of part of G-per-cent. County of Waitemata Debenture, 8 November, 1890 Purchase of part of 0-per-cent. Borough of Hokitika Debentures, 19 January, 1891 Purchase of part of 5-per-cent. Deficiency Bill, 21 January, 1891 240 0 0 110 0 0 460 0 0 370 0 0 2,100 0 0 220 0 0 210 0 0 490 0 0 Carried forward 47,592 12 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

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s. s. Brought forward 2,504 5 6 40,259 14 10 Westport Harbour Board — continued. Interest on Investments— continued. Deficiency Bills at 5 per cent., — On £810, one year to 31 December, 1890 Wellington-Manawatu Railway Company's Debentures at 5 per cent., — On £1,480, one year to 31 December, 1890, less Income-tax Borough of Cambridge Debentures at 6 per cent., — On £160, one year to 1 February, 1891 Interest on Sinking Fund in arrear to 8 September, 1890 Refund of Income-tax deducted from June and December, 1889, Dividends on Wellington-Manawatu Railway Company's Debentures Interest at 3 per cent, on Bank Balances to 31 March, 1891 Investments realised, — Waitara Harbour Board Debentures, including £42 overdue Coupons exchanged for 5-per-cent. Consolidated Stock Borough of Cambridge Debenture redeemed 40 10 0 72 3 0 9 12 0 19 14 6 1 17 0 10 3 4 242 0 0 30 0 0 2,930 5 4 Borough of Tauranga :— Contribution to Sinking Fund, at 2 per cent., to 1 May, 1890 Interest on Investments,— Consolidated Stock, at 5 per cent., — On £40, 17 September to 28 November, 1890 On £10, 13 October to Interest at 3 per cent, on Bank Balances to 31 March, 1891 68 0 0 0 7 11 0 13 0 14 9 69 3 11 Balance on 31 March, 1890 49,259 4 1 311 2 7 £49,570 6 8 Wellington, 13th May, 1891.

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1891.

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DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. .. 47,592 12 0 Bobough of Tauranga:— Investments, — Purchase of 5-per-cent. Consolidated Stock Debentures, 17 Sept., 1890 Purchase of „ „ 13 Oct., 1890 Purchase of part of 6-per-cent. Borough of Hokitika Debentures, 19 January, 1891 40 0 0 10 0 0 60 0 0 2 0 0 10 0 0 Suspense Account, interest uncollected .. .. Balance on 31 March, 1891 47,654 12 0 1,915 14 8 £49,570 6 8 J. G. i and Account lNDEESON, jit to the Commissioners. Secretar

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STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1891.

Securities. When Securities -g are m redeemable. ! "g a " New Zealand Loan Act, 1860." "Lyttelton "Auckland chriB tehurch Lo S5„4, ct ' BailwayLoan 1803. Ordinance, 1860." lOANS IN BESPECT Oi" WHICH THE SINKING FUNDS " Ca Lo e an bUry "Otago Loan Waitara Ordinance, °rd™, *g™ Borough of Hawera. IE HELD. Greymouth Westport "Westland Borough Harbour Harbour Loan Act, of Board. Board. 1873." Tauranga. TOTALB. % £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. a. £ s. a. £ s. a. £ s. d. Defence and Other Purposes Loan De- ' bentures .. .. .. .. 1 July, 1910 Immigration and Public Works Loan j Debentures .. .. .. ' 15 April, 1913 Ditto .. .. .. .. j 15 April, 1913 General Purposes Loan Debentures .. i 28 Nov., 1914 City of Dunedin Mortgage .. .. 1 July, 1898 Borough of Patea Debentures .. 1 Feb., 1898 Waitara Harbour Debentures .. 1 July, 1897 Ditto .. .. .. .. 1 Aug., 1897 Ditto .. .. .. .. I 1 April, 1897 Borough of Cambridge Debentures .. : 1890-1S94 Borough of Thames Debentures .. I 1 Oct., 1917 Borough of Tauranga Debentures .. 1 May, 1915 Borough of Hokitika Debentures .. 5 Jan., 1904 Borough of Hawera Debentures .. 1 April, 1897 County of Waitemata Debentures .. 1 June, 1907 Wellington-Manawatu Railway Company's Debentures .. .. 1 June, 1905 Deficiency Bills .. .. .. 30 June, 1891 Consolidated Stock Debentures .. j 28 Nov., 1891 Ditto .. .. .. .. ' 28 Nov., 1891 ii 4 5 7 6 6 6 0 6 5 6 6 6 12,600 0 0 1,000 0 0 5,589 0 0 13,270 0 0 3,000 0 0 10,020 0 0 6,983 2 0 650 0 0 1,980 0 0 1,618' 0 0 3,030 0 0 .. -■ 80 0 0: 600 0 01 700 o o; 200 0 0 1 100 0 0 370 0 0 2,162' 0 Oil, 015 0 0 21,840 0 01,420 0 0 2,OOO" 0 0 '.'. | .. 4,950 0 0 2,567 0 0 14,570 0 0 3,300 0 0 49 '6 0 90 0 0 240 0 0. 90 0 0 .. .. '.'. 48o' 0 0 130 0 0 800 0 0 200 0 0 210 0 0 •• " 20,000 0 0 1,000 0 0 13,000 0 0 54,700 0 0 3,300 0 0 5,000 0 0 10,260 0 0 7,073 2 0 650 0 0 210 0 0 3,500 0 0 3,400 0 0 2,500 0 0 5,200 0 0 1,000 0 0 400' 0 0 j 200 0 0j 780 0 0 50 0 0 2,044 0 0 150 0 0 20 0 0 1,200 0 0 j 1,700 0 0 | 530 0 0 500 0 0 600 0 0 180 0 0 586 0 0 200 0 0 - •• 520 0 Oi 2,570 0 0; 170 0 0 20 0 0 "' io "o o 80' 0 0 16o' 0 0 220"0 0 5 5 5 6.500 0 0 2,190 0 0 ! 20,350 0 0! 2,390 0 0 1,450 0 0 1,130 0 0 7,370 0 0 5,180 0 0 1 5,215 0 O: 480 0 0 2,715 0 0j 560 0 0 ; 13,200 0 0| 300 0 0 122,770 0 0J2.060 0 0' 3,810 0 0 3,135 0 0 8,580 0 0 23,945 0 0 85 0 0 50 0 0 980 0 0 1,020 0 0 500 0 0 .. 1,780 0 0 1,480 0 0 1,300 0 0 700 0 0 4,300 0 0 20,000 0 0 12,100 0 0 51,000 0 0 62,600 0 0 1125 'o 0 50 "o 0 88,202 2 0 23,418 0 0 431 7 5 68 2 7 88,633 9 523,486 2 7 72,976 0 0 255 5 8 |6,475 0 0 68,447 0 0 16 2 lj 205 14 3 749 0 0 40 0 0 586 0 0 ! 6,240 0 0 22 10 2! 32 19 1 608 10 2 6,272 19 1 9,340 0 0 834 5 5 0 4 1 60 0 0 9 3 11 276,493 2 0 1,915 14 8 Cash in Bank of New Zealand Totals .. 73,231 5 8 i 6,491 2 l'68,652 14 3 789 0 0 10,174 5 5 0 4 ll 69 3 11 278,408 16 I Wellington, 13th May, 1891. J. G. Andeeson, Secretary to the Commissioners.

13

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Funds accrued on 31st March, 1891.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1891. £ s. d. Law costs in connection with Waitara Harbour Board .. .. .. .. ... .. 220 Secretary's salary .. .. .. .. .. .. .. .. .. .. 32 18 6 £35 0 6 J. G. Anderson, Secretary and Accountant to the Commissioners. Examined and found correct. H. W. Brewer, Customs. Wellington, 13th May, 1891. Approximate Cost of Payer.—Preparation, nil; printing (1,300 copies), £9 17s.

By Authority: George Didsbuky, Government Printer, Wellington.—lB9l.

3—B. 8.

Loans, Debentures in Circulation. Rate of Sinking Fund. When redeemable. Sinking Funds accrued. " New Zealand Loan Act, 1860 " .. " Auckland Loan Act, 1863 " " Lyttelton and Christchurch Railway Loan Ordinance, 1860 " " Canterbury Loan Ordinance, 1862 " " Otago Loan Ordinance, 1862 " £ 74,100 31,600 Per cent. 2 2 1 July, 1891 1 Juno, 1896 £ s. d. 88,633 9 5 23,486 2 7 77,700 22,800 116,700 f 9,000 \ 6,000 ( 650 5,200 100,000 150,000 ) 2 1 1 i{ i i i Between 1893 and 1897 1915 and 1916 1 July, 1898 1 July, 1897 1 August, 1897 1 April, 1897 1 April, 1897 1 March, 1925 1 March, 1925 73,231 5 8 6,491 2 1 68,652 14 3 Waitara Harbour Loans Borough of Hawera Loans Greymouth Harbour Loan.. Westport Harbour Loan " Westland Loan Act, 1873 " Borough of Tauranga Loan 1 ) 789 0 0 608 10 2 6,272 19 1 10,174 5 5 0 4 1 69 3 11 3,'400 2 1 May, 1915' .. Totals £597,150 £278,408 16 8