SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1892 Session I, B-08

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1892. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OP THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1892.

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

BEPOET. Government Buildings, 26th June, 1892. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament the account of their transactions for the year ended on the 31st clay of March last. The sinking' funds of the loan of 1860 which became payable on the Ist July last were handed over to the Government. They consisted of — £ s. d. Consolidated stock, 5-per-cents ... ... ... . 19,549 0 0 Consolidated stock, 4|-per-cents ... ... ... ... 42,810 0 0 Government loans to local bodies debentures... ... ... 9,900 0 0 Waitara Harbour Board debentures ... ... ... 17,653 2 0 Cash 2,316 7 3 Total. ... ... ... ... £92,228 9 3 The outstanding loan payable was £74,100. The Waitara Harbour Board has faithfully adhered to the agreement male two years ago for the payment of 3 per cent, interest on its debt for two years. This agreement will expire in August next; but, as the debentures are now in the hands of the Treasury, it will be for the Government to deal with the matter in future. It will be observed that the sinking fund on the Lyttelton and Christchurch Bailway Loan amounts to £78,000, whilst the loan, which is payable by instalments from 1893 to 1897, is only £71,500. There is, however, a difficulty in the way of setting free any part of the Sinking Funds owing to the Bth section of "The Consolidated Stock Act, 1884," which requires the unreleased balance to be sufficient to cover both the outstanding loan and the interest on it. James Edwaed FitzGekald, Chairman.

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2

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

RECEIPTS. £ s. d. £ s. d. :< New Zealand Loan Act, 1860 :"— Interest on Investments, — On £400, Borough of Thames 5J-per-cent. Debentures, for half-year to 1 April, 1891 .. .. .. .. .. On £1,000, Immigration and Public Works Loan Debentures at 4 per cent., to 31 March, 1891 On £5,589, Immigration and Public Works Loan Debentures at 4& percent., to 31 March, 1891 .. .. .. .. .. On £20,350, Consolidated Stock Debentures at 4i per cent., to 31 March, 1891 .. .. .. .. On £51,000, Consolidated Stock Debentures at 4| per cent., 1 April to 28 May, 1891 .. On £9,900, Consolidated Stock Debentures at 4J per cent., to 8th October, 1891 (133 days) On £41,100, Consolidated Stock Debentures at 4J per cent., half-year to 28 November, 1891 On £1,710, Consolidated Stock Debentures at 4J per cent., from 5 June to 28 November, 1891 On £2,390, Consolidated Stock Debentures at 5 per cent., to 31 March, 1891 .. On £19,549, Consolidated Stock Debentures at 5 per cent., 1 April to 28 May, 1891 On £19,549, Consolidated Stock Debentures at 5 per cent., half-year to 28 November, 1891 On £13,270, General Purposes Loan Debentures at 5 per cent., to 31 March, 1891 On £650, Waitara Harbour Board Debentures, one year to 1 October, 1891, at 3 per cent. On £8,760, Waitara Harbour Board Debentures, one year to 1 January, 1892, at 3 per cent. On £5,910, Waitara Harbour Board Debentures, one year to 1 February, 1892, at 3 per cent. On £170, part of County of Waitemata 6-per-cent. Debentures, 4 months to 31 March, 1891 On £1,000, Deficiency Bill, 3 months, at 5 per cent., to 31 March, 1891.. On £1,190, Deficiency Bill, 21 January to 31 Match, 1891 (69 days) On £12,600, Defence Loan Debentures at 4J per cent., 3 months to 31 March, 1891 On £6,500, Wellington and Manawatu Baihvay Company's Debentures, 4 months, at 5 per cent., to 81 March, 1891, less income-tax On £2.570, Hawera Borough Debentures, 2 months, at 0 percent., to 31 March, 1891 O;i'£3,000, Borough of Patea Debentures, 2 months, at 5 per cent., to 31 March, 1891 On £520, part of Hokitika Borough Debentures, 85 days, at 6 per cent., to 31 March, 1891 Interest at 3 per cent, on bank balances Securities realised, — Defence Loan, i% per cent., exchanged for Consolidated Stock .. .. .. .. .. £12,600 0 0 Immigration and Public Works Loan, 4 per cent., exchanged for Consolidated Stock .. .. .. 1,000 0 0 Immigration and Public Works Loan, 4J per cent., exchanged for Consolidated Stock .. .. .. 5,589 0 0 General Purposes Loan, 5 per cent., exchanged for Consolidated Stock.. .. .. .. .. 13,270 0 0 Patea Borough, 5 per cent. .. .. .. 3,000 0 0 Thames Borough, 5J per cent. .. .. .. 400 0 0 Hokitika Borough, 6 per cent. .. .. .. 520 0 0 Waitemata County, 6 per cent. .. .. .. 170 0 0 Wellington and Manawatu Railvva3', 5 per cent. .. 6,500 0 0 Hawera Borough, 6 per cent. .. .. .. 2,570 0 0 Deficiency bills, 5 per cent. .. .. .. 2,190 0 0 11 0 0 18 7 0 115 7 9 311 3 0 367 14 2 162 6 8 924 15 0 37 2 1 40 12 1 156 12 2 488 14 6 249 5 5 19 10 0 262 16 0 177 6 0 3 8 0 12 10 0 11 4 11 141 15 0 105 12 5 25 14 0 25 0 0 7 5 3 22 18 3 Consolidated Stock, 4J per cent. 47,809 0 0 9,900 0 0 61,406 19 8 ; ' Auckland Loan Act, 1863:"— Contributions to Sinking Fund, one year to 1 July, 1891 Interest on Investments, — On £600, Borough of Thames Debentures, one year to 1 October, 1891, at 5J per cent. .. On £1,618, Immigration and Public Works Debentures, one year to 15 October, 1891, at 4J per cent. On £700, Borough of Tauranga Debentures, one year to 1 November, 1891, at 5 per cent. On £3,030, General Purposes Loan Debentures, one year to 15 November, 1891, at 5 per cent. On £7,370, Consolidated Stock Debentures, 28 November to 31 March, 1891, at 4J per cent. 632 0 0 33 0 0 72 10 2 35 0 0 151 10 0 112 13 9 Carried forward 1,036 19 11 61,406 19 8

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1892.

* In addition to the above sum of cash, the securities appertaining to this loan, amounting to £80,912 25., have been handed to the Treasury as part of the released sinking fund,

DISBURSEMENTS. £ s. d. £ s. a. "New Zealand Loan Act, I860:"— Cash balance on 2 February, released and paid to Treasury* Investments, — Consolidated Stock, 5 June, 1891 4i-per-cent. Consolidated Stock received in exchange for securities per contra .. .. .. .. £30,650 0 0 5-per-cent. Consolidated Stock received in exchange for securities per contra .. ... .. .. 17,159 0 0 2,316 7 3 1,710 0 0 47,809 0 0 9,900 0 0 Local Bodies' Loans received in exchange for securities per contra 61,735 7 3 "Auckland Loan Act, 1863:"— Investments, — Debentures received in exchange, 1 April, 1891, viz.— Defence Loan 4|-per-cent. Deficiency Bills Patea Borough Debentures Purchase of part of 6-per-cent. Borough of Brunner Debentures, 15 May, 1891 .. .. .. -.. Purchase of 4J-per-cent. Consolidated Stock Debentures, 5 June, 1891 .. Purchase of part of County of Tauranga 5-per-cent. Debentures, 6 January, 1892 7,370 0 0 2,190 0 0 2,990 0 0 110 0 0 300 0 0 270 0 0 Carried forward 61,735 7 3 13,230 0 0

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

RECEIPTS. £ s. d. £ s. d. Brought forward 1,036 19 11 61,406 19 8 .uckland Loan Act, 1863 "— confirmed. Interest on Investments— continued. On £5,180, Consolidated Stock Debentures, 28 November to 31 March, 1891, at 5 per cent. On £300, Consolidated Stock Debentures, 5 June to 28 November, 1891, at 4J per cent. On £80, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1891 On £1,000, Deficiency Bills, at 5 per cent., 3 months to 30 June, 1891.. On £690, Deficiency Bills, at 5 per cent., half-year to 30 June, 1891 On £440, Deficiency Bills, at 5 per cent., 21 January to 30 June, 1891.. On £1,190, Deficiency Bills, at 5 per cent., 1 April to 30 June, 1891 On £3,320, Deficiency Bills, at 5 per cent., half-year to 31 December, 1891 .. On £1,980, Defence Loan Debentures, 3 months to 31 March, 1891, at 4J per cent. On £9,350, Defence Loan Debentures, 3 months to 30 June, 1891 On £9,350, Defence Loan Debentures, half-year to 31 December, 1891.. On £1,450, Wellington and Manawatu Railway Debentures, one year to 1 December, 1891, at 5 per cent., less income-tax On £80, Borough of Cambriago 6-per-cent. Debentures, one year to 1 February, 1892 On £2,990, Borough of Patea Debentures, 4 months to 1 August, 1891, at 5 per cent. On £2,990, Borough of Patea Debentures, half-year to 1 February, 1892 On £110, Borough of Brunner Debenture, half-year to 9 November, 1891, at 6 per cent. On £200, Borough of Hokitika Debenture, one year to 5 January, 1892, at 6 per cent. On £880, Local Boaies' Loans Debentures, from 2 February to 1 March, 1892, at 4J per cent. Interest at 3 per cent, on bank balances Securities realisea, — Part of Borough of Cambriage Debentures .. Consoliaatea Stock at 4J per cent, exchanged for redeemed Debentures per contra Consolidated Stock at 5 per cent, exchanged for reaeemea Debentures per contra 88 0 0 6 10 3 4 16 0 12 10 0 17 5 0 9 12 10 14 16 8 83 0 0 22 5 6 105 3 9 210 7 6 70 13 10 4 16 0 49 16 8 74 15 0 3 6 0 12 0 0 3 0 9 19 4 11 30 0 0 7,370 0 0 5,180 0 0 jYttelton and Chbistchubch Railway Loan Obdinance, I860:" — Contribution to Sinking Funa for half-year to 30 June, 1890 Contribution to Sinking Fund to 31 December, 1891, on £71,500, unconverted balance of loan Interest on Investments, — On £2,162, Immigration and Public Works Debentures, to 31 March, 1891,'at 4J per cent. On £7,751, Immigration and Public Works Debentures, 1 to 15 April, 1891 .. On £7,751, Immigration and Public Works Debentures, half-year to 15 October, 1891 On £21,840, General Purposes Loan Debentures, 15 November to 31 March, 1891, at 5 per cent. On £28,260, General Purposes Loan Debentures, 1 April to 15 May, 1891 On £28,260, General Purposes Loan Debentures, half-year to 15 November, 1891 On £13,200, Consolidated Stock Debentures, 28 November, 1890, to 31 March, 1891, at 4J per cent. On £1,120, Consolidated Stock Debentures, 5 June to 28 November, 1891 On £22,770, Consolidated Stock Debentures, 28 November, 1890, to 31 March, 1891, at 5 per cent. On £10,936, Consolidated Stock Debentures, 1 April to 28 May, 1891, at 5 per cent. On £10,936, Consolidated Stock Debentures, half-year to 28 November, 1S91 .. On £945, Deficiency Bill, half-year to 30 June, 1891, at 5 per cent. On £1,770, Deficiency Bill, from 21 January to 30 June, 1891 On £2,715, Deficiency Bill, half-year to 31 December, 1891 .. On £1,720, Government Loans to Local Bodies Debentures, from 2 February to 1 March, 1892, at 4J per cent. On £100, Defence Loan Debentures, 3 months to 31 March, 1891, at 4J per cent. .. .. .. On £3,100, Defence Loan Debentures, 3 months to 30 June, 1891 On £3,100, Defence Loan Debentures, half-year to 31 December, 1891 On £170, County of Waitemata Debentures, 2 months, at 6 per cent., to 1 June, 1891 .. On £150, County of Waitemata Debentures, half-year to 1 June, 1891 On £320, County of Waitemata Debentures, half-year to 1 December, 1891 .. 14,429 0 7 777 0 0 715 0 0 44 12 9 14 7 5 174 8 0 410 5 1 175 13 0 706 10 0 201 16 7 24 6 0 386 16 9 87 12 2 273 8 0 23 12 6 38 15 11 67 17 6 5 18 9 12 6 34 17 6 69 15 0 1 14 0 4 10 0 9 12 0 Carried forward 4,249 11 5 75,836 0 3

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1892.

DISBURSEMENTS. £ s. d. £ s. a. Brought forward " Auckland Loan Act, 1863 " — continued. Investments realised— continued. Purchase of Local Bodies' Loans 4J-per-cent. Debentures, 2 February, 1892 .. .. .. Purchase of Consolidated Stock 4J-per-cent. Debentures, 22 March, 1892 13,230 0 0 61,735 7 3 880 0 0 370 0 0 14,480 0 0 "Lyttelton and Chbistchubch Railway Loan Obdinance, I860:"— Investments, — Defence Loan 4J-per-cent. Debentures received in exchange for Consolidated Stock Immigration and Public Works Loan 4J-per-cent. Debentures received in exchange for Consolidated Stock General Purposes Loan 5-per-cent. Debentures received in exchange for Consolidated Stock Patea Borough 5-per-cent. Debentures received in exchange for Consolidated Stock Thames Borough 5J-per-cent. Debentures received in exchange for Consolidated Stock.. Hokitika Borough 6-per-cent. Debentures received in exchange for Consolidated Stock.. Waitemata County 6-per-cent. Debentures received in exchange for Consolidated Stock.. Wellington and Manawatu Railway 5-per-cent. Debentures received in exchange for Consolidated Stock Hawera Borough 6-per-cent. Debentures received in exchange for Consolidated Stock Purchase of Borough of Brunner 6-per-cent. Debentures, 26 May, 1891 Purchase of 4J-per-cent. Consolidated Stock Debentures, 5 June, 1891.. Purchase of Tauranga County 5-per-cent. Debentures, 6 January, 1892 Purchase of 4J-per-cent. Government Loans to Local Bodies Debentures, 2 February," 1892 Purchase of Consolidated Stock Debentures, 22 March, 1892 i 3,000 0 0 5,589 0 0 0,420 0 0 10 0 0 400 0 0 520 0 0 170 0 0 0,500 0 0 2,425 0 0 450 0 0 1,120 0 0 510 0 0 1,720 0 0 1,720 0 0 30,554 0 0 Carried forward 106.769 7 3

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

6

RECEIPTS. £ s. d. £ s. d. Brought forward 4,249 11 5 75,836 0 3 Lyttelton and Chbistchubch Railway Loan Obdinance, 1860 " — contd. Interest on Investments— continued. On £5,215, Wellington and Manawatu Railway Debentures, 4 months to 31 March, 1891, at 5 per cent., less income-tax On £11,715, Wellington and Manawatu Railway Debentures, 2 months to 1 June, 1891, less income-tax On £11,715, Wellington and Manawatu Railway Debentures, half-year to 1 December, 1891, less income-tax On £2,044, Hawera Borough Debentures, half-year to 1 August, 1891, at 6 per cent. On £2,425, Hawera Borough Debentures, 4 months to 1 August, 1891, at 6 per cent. .. .. .. ... On £4,469, Hawera Borough Debentures, half-year to 1 February, 1892 On £2,000, Borough of Patea Debentures, half-year to 1 August, 1891, at 5 per cent. On £10, Borough of Patea Debentures, 1 April to 1 August, 1891 On £2,010, Borough of Patea Debentures, half-year to 1 February, 1892 On £400, Borough of Thames Debentures, 1 April to 1 October, 1891, at 5J per cent. On £450, Borough of Brunner Debentures, half-year to 9 November, 1891 .. On £780, Borough of Hokitika Debentures, 5 January to 31 March, 1891, 85 days, at 6 per cent. On £1,300, Borough of Hokitika Debentures, to 5 January, 1892, 280 aays, at 6 per cent. On bank balances, 1 year at 3 per cent. Securities realisea, — 4J-per-cent. Consoliaatea Stock ..... 5-per-cent. Consoliaatea Stock Hawera Borough Debentures reaeemea 84 14 11 95 3 9 2S5 11 1 61 6 5 48 10 0 134 1 5 50 0 0 0 3 4 50 5 0 11 0 0 13 10 0 10 18 0 59 16 9 35 15 4 13,200 0 0 11,834 0 0 110 0 0 • ; Canteebcby Loan Obdinance, 1862 :"— Contribution to Sinking Funa, half-year to 30 June, 1891 Contribution to Sinking Funa, half-year to 31 December, 1891, on £17,000, unconvertea balance of loan Interest on Investments, — On £1,015, Immigration ana Public Works Debentures, 1 year to 15 October, 1891, at 4J per cent. On £1,420, General Purposes Loan Debentures, 1 year to 15 November, 1891, at 5 per cent. On £300, Consoliaatecl Stock Debentures, 28 November to 31 March, 1891, at 4J per cent. On £2,060, Consoliaated Stock Debentures, 1 year to 28 November, 1891, at 5 per cent, On £90, Consoliaatea Stock Debentures, 5 Juno to 28 November, 1891, at 4J per cent. On £200, -Government Loans to Local Boaies Debentures, to 1 March, 1892, 28 days On £330, Deficiency Bills, half-year to 30 June, 1891, at 5 per cent. .. On £230, Deficiency Bills, from 21 January to 30 June, 1891, 160 days On £560, Deficiency Bills, half-year to 31 December, 1891 On £370, Defence Loan Debentures, 3 months to 31 March, 1891, at 4J per cent. On £670, Defence Loan Debentures, 3 months to 30 June, 1891 On £670, Defence Loan Debentures, half-year to 31 December, 1891 .. On £200, Borough of Tauranga Debentures, 1 year to 1 November, 1891, at 5 per cent. On £20, part County of Waitemata Debentures, 1 year to 1 December, 1891, at 6 per cent. ... On £480, Wellington and Manawatu Railway Debentures, 1 year to 1 December, 1891, at 5 per cent., less income-tax On £40, Borough of Brunner Debentures, half-year to 9 November, 1891, at 6 per cent. On £50, part Borough of Hokitika Debentures, 1 year to 5 January, 1892 On interest at 3 per cent, on bank balances Securities realised, — Consolidated Stock, at 4J per cent. 30,334 7 5 114 0 0 85 0 0 45 13 7 71 0 0 4 11 9 103 0 0 1 19 1 0 13 10 8 5 0 5 0 10 14 0 0 4 3 3 7 10 9 15 1 6 10 0 0 14 0 23 8 0 14 0 3 0 0 4 3 11 300 0 0 1 Otaqo Loan Obdinance, 1862:" - Contribution to Sinking Fund, one year to 1 July, 1891 Interest on Investments, — On £1,000, Immigration ana Public Works Debentures, 1 to 15 April, 1891, at 4 per cent. On £1,000, Immigration ana Public Works Debentures, half-year to 15 October, 1891 On £2,567, Immigration ana Public Works Debentures, one year to 15 October, 1891, at 4J per cent. On £14,570, General Purposes Loan Debentures, to 31 March, 1891, at 5 per cent. 822 19 6 1,107 0 0 1 13 0 20 0 0 115 10 4 273 13 10 Carried forward 1,577 17 2 106,993 7 2

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1892.

DISBURSEMENTS. £ s. d. £ s. Brought forward 106,769 7 " Cantebbuby Loan Ordinance, 1862:"— Investments, — 4J-per-cent. Defence Loan Debentures received in exchange for Consolidated Stock Purchase of part of Borough of Brunner 6-per-cent. Debentures, 26 May, 1891 .. .. .. .. Purchase of 4J-per-cent. Consolidated Stock, 5 June, 1891 Purchase of part of County of Tauranga 5-per-cent. Debentures, 6 January, 1892 Purchase of Government Loans to Local Bodies Debentures, 2 February, 1892 Purchase of Consolidated Stock Debentures at 4i per cent., 22 March, 1892 .. .. .. .. .. .. 300 0 0 40 0 0 90 0 0 60 0 0 200 0 0 150 0 0 840 0 "Otago Loan Obdinance, 1862:"— Investments, — Defence Loan, 4J per cent. Immigration and Public Works Loan, 4 per cent. General Purposes Loan, 5 per cent. Borough of Hawera, 6 per cent. Purchase of Borough of Brunner 6-per-cent. Debentures, 26 May, 1891 .. Purchase of 4J-per-cent. Consolidated Stock, 5 June, 1891 Purchase of County of Tauranga 5-per-cent. Debentures, 6 January, 1892 .. .. .. .. 730 0 0 1,000 0 0 6,850 0 0 145 0 0 370 0 0 1,100 0 0 620 0 0 Carried forward 10,815 0 0 107,609 7 3

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

RECEIPTS. £ s. a. £ s. a. Brought forward ;1 Otago Loan Obdinance, 1862 " — continued. Interest on Investments— continued. On £21,420, General Purposes Loan Debentures, 1 April to 15 May, 1891, at 5 per cent. On £21,420, General Purposes Loan Debentures, half-year to 15 November, 1891 On £8,580, Consoliaated Stock Debentures, 28 November, 1890, to 31 March, 1891, at 4J per cent. On £1,100, Consoliaatea Stock Debentures, 5 June to 28 November, 1891 On £23,945, Consolidated Stock Debentures, to 31 March, 1891, at 5 per cent. On £23,800, Consolidated Stock Debentures, 1 April to 28 May, 1891, at 5 per cent. On £23,800, Consolidated Stock Debentures, half-year to 28 November, 1891 On £1,915, Deficiency Bills, to 30 June, 1891, at 5 per cent. On £1,220, Deficiency Bills, 21 January to 30 June, 1891 (160 days) .. On £3,135, Deficiency Bills, half-year to 31 December, 1891 On £4,950, Defence Loan Debentures, 3 months to 31 March, 1891, at 4J per cent. .. On £5,680, Defence Loan Debentures, 3 months to 30 June, 1891 On £5,680, Defence Loan Debentures, half-year to 31 December, 1891.. On £2,120, Local Bodies' Loans Debentures, 2 February to 1 March, 1892, at 4J per cent. On £1,200, Borough of Thames Debentures, one year to 1 October, 1891, at 5J per cent. On £1,700, Borough of Tauranga Debentures, one year to 1 November, 1891, at 5 per cent. On £160, County of Waitemata Debentures, one year to 1 December, 1891 .. On £3,300, City of Dunedin Mortgage, one year at 7 per cent., to 1 January, 1892 On £3,810, Wellington and Manawatu Railway Debentures, one year to 1 December, 1891, at 5 per cent., less income-tax On £145, Borough of Hawera Debentures, 1 April to 1 August, 1891, 4 months, at 6 per cent... On £145, Borough of Hawera Debentures, half-year to 1 February, 1892 On £370, Borough of Brunner Debentures, half-year to 9 November, 1891, at 6 per cent. On £530, Borough of Hokitika Debentures, one year to 5 January, 1892, at 6 per cent. Interest on bank balances at 3 per cent. Securities realised, — Consolidated Stock at 4J per cent. Consolidated Stock at 5 per cent. .. 1,577 17 2 106,993 7 2 133 2 8 535 10 0 131 3 9 23 17 4 406 16 1 190 13 3 595 0 0 47 17 6 26 14 10 78 7 6 55 13 9 63 18 0 127 16 0 7 6 4 66 0 0 85 0 0 9 12 0 231 0 0 185 14 8 2 18 0 4 7 0 11 2 0 31 16 0 39 15 8 8,580 0 0 145 0 0 13,393 19 6 vYaitaba Habbchjb Boabd :— Contributions to Sinking Fund, — On £650, one year to 1 October, 1891 On £9,000, one year to 1 January, 1892 On £6,000, one year to 1 February, 1892 Interest on Investments, — On £49, Immigration and Public Works Loan Debentures, one year to 15 October, 1891, at 4J per cent. On £90, General Purposes Loan Debentures, one year to 15 November, 1891, at 5 per cent. On £125, Consolidated Stock Debentures, one year to 28 November, 1891, at 5 per cent. On £30, Consolidated Stock Debentures, 5 June to 28 November, 1891, at 4J per cent. On £10, Deficiency Bill, half-year to 30 June, 1891, at 5 per cent. On £40, Deficiency Bill, 21 January to 30 June, 1891, at 5 per cent. .. On £50, Deficiency Bill, half-year to 31 December, 1891 On £120, Local Bodies' Loans Debentures, 2 February to 1 March, 1892, at 4 j per cent. On £20, Borough of Hokitika Debentures, one year to 5 January, 1892, at 6 per cent. On £85, Wellington and Manawatu Railway Company's Debentures, one year to 1 December, 1891, at 5 per cent., less income-tax On £20, Borough of Brunner Debentures, half-year to 9 November, 1891, at 6 per cent. On £240, Waitara Harbour Board Debentures, one year to 1 January, 1892, at 3 per cent. On £90, Waitara Harbour Board Debentures, one year to 1 February, 1891, at 3 per cent. Interest at 3 per cent, on bank balances 6 10 0 90 0 0 60 0 0 2 4 0 4 10 0 6 5 0 0 13 0 0 5 0 0 17 7 15 0 0 8 3 14 0 4 2 10 0 12 0 7 4 0 2 14 0 1 19 10 190 14 6 Carried forward 120,578 1 2

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1892.

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DISBURSEMENTS. £ s. d. £ s. d. Brought forward 10,815 0 0 107,609 7 3 " Otago Loan Ordinance, 1862 " — continued. Investments — continued. Purchase of Government Loans to Local Bodies 4J-per-cent. Debentures, 2 February, 1892 Purchase of Consolidated Stock at 4J per cent., 22 March, 1892 2,120 0 0 640 0 0 13,575 0 0 Waitara Haeboub Boabd :— Investments, — • Borough of Brunner 6-per-cent. Debentures, 26 May, 1891 Consoliaatea Stock, at 4J per cent., 5 June, 1891 Government Loans to Local Bodies 4i-per-cent. Debentures, 2 February, 1892 .. Consolidated Stock at 4J per cent., 22 March, 1892 .. 20 0 0 30 0 0 120 0 0 60 0 0 230 0 0 Carried forwara .. .. 121,414 7 3

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10

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

RECEIPTS. £ s. d. £ s. d. Brought forwara 120,578 1 2 Soeough of Haweea :— Contribution to Sinking Funa, one year to 1 August, 1891 Interest on Investments, — On £586, Borough of Hawera Debentures, one year to 1 February, 1892 On bank balances, one year at 3 per cent. .. 52 0 0 35 3 2 1 17 3 89 0 5 Vestpoet Habboue Board :— Contribution to Sinking Funa, one year to 1 March, 1892 Interest on Investments, — On £700, Defence Loan 4J-per-cent. Debentures, 3 months to 30 June, 1891 On £700, Defence Loan 4J-per-cent. Debentures, half-year to 31 December, 1891 On £810, Deficiency Bills, half-year to 30 June, 1891, at 5 per cent. On £490, Deficiency Bills, 21 January to 30 June, 1891 On £1,300, Deficiency Bills, half-year to 31 December, 1891 On £700, Consolidatea Stock Debentures, 28 November to 31 March, 1891, at 4J per cent. On £4,300, Consoliaatea Stock Debentures, one year to 28 November, 1891, at 5 per cent. .. .. .. .. .. On £540, Consoliaatea Stock Debentures, from 5 June to 28 November, 1891, at 4J per cent. On £700, Local Boaies' Loans Debentures, 2 February to 1 March, 1892, at 4i| per cent. On £200, Borough of Tauranga 5-per-eent. Debentures, one year to 1 November, 1891 On £800, Borough of Thames 5A-per-cent. Debentures, one year to 1 October, 1891 On £220, County of Waitemata Debentures at 6 per cent., one year to 1 December, 1891 On £1,480, Wellington ana Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1891, less income-tax On £130, Borough of Cambriage 6-per-cent. Debentures, one year to 1 February, 1892 On £430, Borough of Brunner 6-per-cent. Debentures, half-year to 9 November, 1891 On £210, Borough of Hokitika Debentures, one year to 5 January, 1892, at 6 per cent. Interest at 3 per cent, on bank balances, one year Investments realised, — Borough of Cambridge Debentures redeemed 4iJ-per-cent. Consolidated Stock Debentures exchanged for Defence Loan Debentures 1,500 0 0 7 17 6 15 15 0 20 5 0 10 14 9 32 10 0 10 14 1 215 0 0 11 14 4 2 8 4 10 0 0 44 0 0 13 4 0 72 3 0 7 16 0 12 18 0 12 12 0 17 1 6 40 0 0 700 0 0 rBEYMOUTH HaEBOUR BOARD : — Contribution to Sinking Fund for eighteen months to 1 March, 1892 Interest on-In vestments, — On £480, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1891 On £1,780, Consolidated Stock Debentures, one year to 28 November, 1891, at 5 per cent. On £500, Consolidated Stock Debentures, 28 November, 1890, to 31 March, 1891, at 44 per cent. .. On £80, Consolidated Stock Debentures, at 44_ per cent., 5 June to 28 November, 1891 On £500, Defence Loan, 3 months to 30 June, 1891, at 4J per cent. On £500, Defence Loan, half-year to 31 December, 1891 On £600, Deficiency Bills, one year to 31 December, 1891, at 5 per cent. On £420, Deficiency Bills, 21 January to 30 June, 1891, at 5 per cent. .. On £420, Deficiency Bills, half-year to 31 December, 1891 On £1,100, Local Bodies'Loans Debentures, to 1 March, 1892, at 4J per cent. On £500, Borough of Thames Debentures, one year to 1 October, 1891, at 5J per cent. On £600, Borough of Tauranga Debentures, one year to 1 November, 1891, at 5 per cent. On £200, County of Waitemata Debentures, one year to 1 December, 1891, at 6 per cent. On £980, Wellington and Manawatu Railway Company's Debentures, one year to 1 December, 1891, at 5 per cent., less income-tax On £40, Borough of Brunner Debenture, half-year to 9 November, 1891, at 6 per cent. On £180, Borough of Hokitika Debenture, one year to 5 January, 1892, at 6 per cent. Bank balances, one year at 3 per cent. Investments realised, — Consolidated Stock Debentures exohanged for Defence Loan Debentures 2,756 13 6 1,500 0 0 24 0 0 89 0 0 7 12 11 1 14 9 5 12 6 11 5 0 30 0 0 9 4 1 10 10 0 3 15 11 27 10 0 30 0 0 12 0 0 47 15 6 14 0 10 16 0 16 12 4 eoo o o 2,338 13 0 Carried forward 125,762 8 1

11

T> Q J. J • O

COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1892.

DISBURSEMENTS. £ s. a. £ s. a Brought forward 121,414 7 3 Bobough op Hawera :— Investments, — Borough of Hawera Debentures 110 0 0 Westpobt Habboue Boabd :— Investments, — Defence Loan 4tJ-per-cent. Debentures received in exchange for Consolidated Stock Purchase of part of 6-per-cent. Borough of Brunner Debentures, 26 May, 1891 .. .. Purchase of Consolidated Stock Debentures at 4J per cent., 5 June, 1891 Purchase of Tauranga 5-per-cent. Debentures, 6 January, 1892 Purchase of General Government Loans to Local Bodies Debentures at 4J per cent., 2 February, 1892 Purchase of Consolidated 4J-per-cent. Stock, 22 March, 1892 700 0 0 430 0 0 540 0 0 210 0 0 3,580 0 0 700 0 0 1,000 0 0 Gbeymouth Haeboue Boaed :— Investments, — . , . , , n Defence Loan 4J-per-cent. Debentures received in exchange for Consolidated Stock Purchase of part of Borough of Brunner 6-per-cent. Debentures, 26 May, 1891 .. Purchase of 4§-per-cent. Consolidated Stock Debentures, 5 June, 1891 Purchase of part of County of Tauranga 5-per-cent. Debentures, 6 January, 1892 Purchase of General Government Loans to Local Bodies 4J-per-cent. Debentures, 2 February, 1892 Purchase of 4J-per-eent. Consolidated Stock Debentures, 22 March, 1892 ,1 500 0 0 40 0 0 80 0 0 330 0 0 1,100 0 0 310 0 0 2,360 0 0 : . Carried forward I 127,464 7 3

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12

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

RECEIPTS. £ s. d. £ s. d. Brought forwara 125,762 8 1 " Westland Loan Act, 1873:" — Receipts nil Bobough op Taubanga :— Contribution to Sinking Funa, one year to 1 May, 1891 .. Interest on Investments, — Oh £50, Consolidated Stock Debentures, one year to 28 November, 1891, at 5 per cent. On £30, Consolidatea Stock Debentures, 5 June to 28 November, 1891, at 4J per cent. .. On £40, Borough of Brunner Debentures, half-year to 9 November, 1891, at 6 per cent. On £10, part of Hokitika 6-per-cent. Debenture, one year to 5 January, 1892 .. .. .. ■ • • Interest on bank balances, one year at 3 per cent. 68 0 0 2 10 0 0 13 0 14 0 0 12 0 0 7 7 County op Waitemata :— Contribution to Sinking Funa, one year to 1 January, 1892 Interest on Investments, — On £30, Local Bodies' Loans Debentures at 4£ per cent., 2 February to 1 March, 1892 .. Interest on bank balances, to 31 March, 1892, at 3 per cent. 73 6 7 40 0 0 0 2 1 0 9 1 40 11 2 Bobough op Bbunnee: — Contribution to Sinking Fund, half-year to 9 November, 1891 Interest on Investments, — On £10, Local Bodies' Loans Debenture, 2 February to 1 March, 1892, at 4J per cent. Interest on bank balances at 3 per cent. 15 0 0 0 0 9 0 2 5 15 3 2 Bobough op Hokitika: — Contribution to Sinking Fund, one year to 5 January, 1892 Interest on Investments, — On £120, Local Bodies' Loans Debentures, 2 February to 1 March, 1892, at 4J per cent. On bank balances at 3 per cent. 150 0 0 150 16 1 2 0 0 0 8 3 0 7 10 Interest in suspense, 1890-91, now collected Balance on 31 Maech, 1891 126,044 5 1 1,915 14 8 127,959 19 9 Wellington, 11th May, 1892.

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1892.

DISBURSEMENTS. £ s. d. £ s. a. Brought forward 127,464 7 3 " Westland Loan Act, 1873 :"— Balance at credit paid over to Treasury 0 4 1 Bobough oe Taueanga :— Investments, — Purchase of part of Borough of Brunner 5-per-cent. Debentures, 15 May, 1891 .. Purchase of 4J-per-cent. Consolidated Stock Debentures, 5 June, 1891.. Purchase of 4J-per-cent. Consolidated Stock Debentures, 22 March, 1892 40 0 0 30 0 0 10 0 0 80 0 0 County op Waitemata :— Investments, — Government Loans to Local Bodies Debentures at 4j_ per cent., 2 February, 1892 4J-per-cent. Consolidated Stock Debentures, 22 March, 1892 30 0 0 10 0 0 40 0 0 Bobough op Beunneb: — Investments, — Government Loans to Local Bodies Debentures at 4J per cent., 2 February, 1892 10 0 0 Borough of Hokitika :— Investments, — Government Loans to Local Bodies Debentures at 4J per cent., 2 February, 1892 Consolidated Stock Debentures at 4J per cent., 22 March, 1892 120 0 0 30 0 0 150 0 0 Balance on 31 March, 1892 127,744 11 4 215 8 5 127,959 19 9 J. G. i and Account: LNDEESON, tnt to the Com: Secret ar dssioners.

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14

* On the 28th November, 1891, all the 5-per-cent. Consolidated Stock held by the Commissioners matured and was replaced by a corresponding amount of the same stock, but bearing only 4J per cent, interest. J. G. Anderson, Wellington, 11th May, 1892. Secretary and Accountant to the Commissioners.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1892.

Lo, .NS IN BESPECT OP WHICH THE SlNKI! kg Funds abe :eld. Secubities. When Securities are redeemable. o a "New Zealand Loan Act, 1860." "Auckland Loan Act, 1863." " Lyttelton and Christen urch Railway Loan Ordinance, 1860." " Canterbury Loan Ordinance, 1862." "Otago Loan Ordinance, 1862." Waitara Harbour Board. ■ Borough of Hawera. Westport Harbour Board. Greymouth Borough Harbour of Board. Tauranga. 1 County Waitemata. Borough Borough of ' of Brunner. Hokitika. Totals. ■ /o ! £ s. d. £ s. a. £ s. a. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. a. £ s. a. £ s. a. £ s. a. £ s. a. £ s. d. Defence and Other Purposes Loan Debentures Immigration and Public Works Loan Debentures Ditto .. General Purposes Loan Debentures Deficiency Bills Consolidated Stock Debentures 1 July, 1910 15 April, 1913 15 April, 1913 4J j 4 '< 9,350 0 0| 1,618 0 0 3,100 0 0 7,75l' 0 0 670 0 0 l,015"o 0 5,680 0 0 1,000 0 0 2,567 0 0 49 0 0 -. 700 0 0 i 500 0 0 ■• I •• ! *■ •■ " 20,000 0 C 1,000 0 C 13,000 0 C I 3,030 0 0 3,320 0 0 28,260 0 0 2,715 0 0 1,420 0 0 560 0 0 21,420 0 0 90 0 0 3,135 0 0 50 0 0 ■ 480 0 0 1,020 0 0 54,700 0 C 12,100 0 C 28 Nov., 1914 30 June, 1892 5 ! 5 1,300' 0 0 i __ 1893-1898 41 * 1 670 0 0 13,776 0 0 i 2,300 0 0 25,540 0 0 215 0 0 i 5,840 0 0 2,170 0 0 90 0 0 10 0 Oi 30 0 0 *50,041 0 C Government Loans to Local Bodies Debentures Borough of Patea Debentures Borough of Hawera Debentures .. Borough of Cambridge Debentures .. Borough of Thames Debentures Borough of Tauranga Debentures Borough of Hokitika Debentures Borough of Brunner Debentures County of Waitemata Debentures County of Tauranga Debentures Waitara Harbour Board Debentures Ditto .. Wellington and Manawatu Railway Debentures .. City of Dunedin Mortgage 1 Mar., 1896 1 Feb., 1898 1 April, 1897 1890-1894 1 Oct., 1917 1 May, 1915 5 Jan., 1904 4i 5 6 6 5i 5 6 880 0 0 2,990 0 0 50 0 0 600 0 0 700 0 0 200 0 0 1,720 0 0 2,010 0 0 4,359 0 0| 400 0 0 1,300 0 0 200 0 0 200 0 0 50 0 0 2,120 0 0120 0 0 145 0 0 1,200 0 0 1,700 0 0 530 0 0 20 0 0 696 0 0 700 0 0 i 90 0 0 800 0 0 200 0 0 210 0 0 1,100 0 0 500 0 0 600 0 0 180 0 0 10 0 0 30 0 0 10 0 0 120 0 0 7,000 0 C 5,000 0 0 5,200 0 C 140 0 C 3,500 0 C 3,400 0 C 2,500 0 C 9 May, 1917 6 110 0 0 450 0 0 40 0 0 370 0 0 20 0 0 430 0 0 40 0 0 40 0 0 I 1,500 0 C 1 Dec, 1907 6 80 0 0 320 0 0 20 0 0 160 0 0 220 0 0 200 0 0 ! 1,000 0 C 1 Jan., 1919 5 270 0 0 510 0 o' | 60 0 0 J 620 0 0j 210 0 0 330 0 0 I I 2,000 0 C Uuly, 1897 1 Aug., 1897 6 6 240 0 0 90 0 0 ! i 240 0 C 90 0 C 1 June, 1905 1 July, 1898 5 7 1,450 0 0 •• 11,715 0 0 •• 480 0 0 •• 3,810 0 0 85 0 0 3,300 0 0 •■ 1,480 0 0 ■■ 980 0 0 ! •■ • • •• 20,000 0 C 3,300 0 C Cash in Bank of N.Z. 15,318 0 0 17 5 4 78,386 0 07,015 0 0 36 6 0 Dr.O 17 4 73,297 0 0979 0 0 25 0 11 0 14 6 696 0 0 1 10 7 12,180 0 0. 10 19 10 8,100 0 0 11 12 8 140 0 0 2 10 6 40 0 0 0 11 2 10 0 0 5 3 2 150 0 0 0 16 1 206,311 0 215 8 103 15 0 Totals 73,322 0 11979 14 6 12,190 19 10 142 10 6J40 11 2 103 15 0 25,335 5 4 78,422 6 07,014 2 8 697 10 7 8,111 12 8 15 3 21 [150 16 1 206,526 8

15

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Funds accrued on 31st March, 1892.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1892. £ s. d. Secretary's salary .. .. .. .. .. .. .. .. .. 50 0 0 J. G. Anderson, Secretary and Accountant to the Commissioners. Wellington, 11th May, 1892. Examined and found correct. C. P. Johnson, Customs. Bth June, 1892. Approximate Coat of Paper-. —Preparation, nil; printing (1,800 copies), .£ll3s. Price 6cL] By Authority : George Didsbuby, Government Printer, Wellington.—lB92.

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 " £ Nil 19,800 Per cent. 2 1 June, 1896 £ s. d. 103 15 0 25,335 5 4 Waitara Harbour Loans Borough of Hawera Loans Westport Harbour Loan Greymouth Harbour Loan Borough of Tauranga Loan County of Waitemata Loan Borough of Brunner Loan Borough of Hokitika Loan.. 71,500 17,000 93,000 9,000 6,000 650 5,200 150,000 100,000 3,400 1,000 1,500 2,500 2 1 1 1 1 1 1 1 1 2 4 2 6 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 1 May, 1915 1 December, 1907 9 May, 1917 5 January, 1904 } 78,422 6 0 7,014 2 8 73,322 0 11 979 14 6 697 10 7 12,190 19 10 8,111 12 8 142 10 6 40 11 2 15 3 2 150 16 1 Totals £480,550 £206,526 8 5