THE PUBLIC DEBT OF THE COLONY (RETURN SHOWING PARTICULARS OP).

Appendix to the Journals of the House of Representatives, 1893 Session I, B-18

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1893. :: NEW ZEALAND. : : : : ' :

THE PUBLIC DEBT OF THE COLONY (RETURN SHOWING PARTICULARS OP).

Return to an Order of the House of Representatives, dated 28th June, 1893. Ordered, " That there be laid before this House—l. A return, in continuation of the return 8.-18, 1892, showing (1) particulars of the public debt of the colony on the 30th June, 1878; (2) the several increases and decreases between that date and the 31st March, 1893, whether arising from new loans or the conversion of old loans, or from paying off of any loan ; (3) the rate of interest and sinking fund payable in respect of each loan; (4) particulars of the public debt at the 31st March, 1893, showing in respect of each loan (a) the annual charge in respect of interest and sinking fund, (b) the total amount of outstanding debt, (c) the accrued sinking fund, and (d) the net debt. 11. A return showing particulars of the loans converted to the 31st March, 1893, under the operation of "The New Zealand Consolidated Stock Act, 1877," and " The Consolidated Stock Act, 1884." 111. A statement of the securities in which the sinking funds of the several loans were invested on the 31st March, 1893. IV. A statement of debentures, Treasury bills, or deficiency bills, outstanding on the 31st March, 1893, showing the date on which, and the authority under which, they were issued, and the date on which they are due, and the rate of interest which they bear." —(Hon. Sir J. Hall.)

Statement of the Securities in which the Sinking Funds of the several Loans were invested on the 31st March, 1893. : Investments in— £ s. d. New Zealand 5-per-cent. Debentures .. .. .. .. .. 54,130 0 0 Debentures .. .. .. .. .. 39,361 0 0 4-per-eent. Debentures .. .. .. .. .. 1,000 0 0 4-per-cent. Inscribed Stock .. .. .. .. .. 398,639 810 3J-per-cent. Inscribed Stock .. .. .. .. .. 20,730 811 4J-per-cent. Consolidated Stock Debentures (Colonial issue) .. .. 51,676 0 0 Treasury Bills 4J-per-cent. .. .. .. .. .. .. 9,730 0 0 County of Tauranga 5-per-cent. Debentures .. .. .. .. .. 1,460 0 0 County of Waitemata 6-per-cent. Debentures .. .. .. .. 580 0 0 City of Dunedin Mortgage 7-per-cent. Debentures .. .. .. .. 3,300 0 0 Borough of Brunner 6-per-cent. Debentures .. .. .. .. .. 970 0 0 Borough of Patea 5-per-cent. Debentures .. .. .. .. .. 5,000 0 0 Borough of Hawera 6-per-cent. Debentures .. .. ... .. .. 4,430 0 0 Borough of Hokitika 6-per-cent. Debentures .. .. .. .. .. 2,080 0 0 Borough of Thames SJ-per-cent. Debentures .. .. .. .. .. 2,200 0 0 Borough of Tauranga 5-per-cent. Debentures .. .. .. .. .. 2,600 0 0 Wellington and Manawatu Railway Company 5-per-cent. Debentures .. .. 17,455 0 0 Canada 3-per-cent. Stock .. .. .. .. .. .. 20,000 0 0 Canada 3J-per-cent. Stock .. .. ... .. .. .. 34,022 11 8 Canada 4-per-cent. Stock .. .. .. .. .. .. 60,000 0 0 Canada 4-per-cent. Debentures .. .. .. .. .. .. 18,200 0 0 New South Wales 3J-per-cent. Stock .. .. .. .. .. 64,112 18 4 New South Wales 1-per-cent. Stock .. .. .. .. .. 1,919 9 3 New South Wales 4-per-cent. Debentures .. .. .. .. .. 20,800 0 0 Queensland 4-per-cent. Debentures .. .. .. .. .. 2,100 0 0 South Australia 4-per-cont. Stock .. .. .. .. .. .. 2,171 8 9 South Australia 4-per-cent. Debentures .. .. •.. .. .. 24,700 0 0 Victoria 3J-per-cent. Stock .. .. .. .. .. .. 17,316 19 5 Victoria 4-"per-cent. Stock .. .. .. ... .. .. 40,337 6 9 ' Victoria 4-per-cent. Debentures .. .. .. .. .. .. 23,000 0 0 944,022 11 11 Cash balance on 31st March, 1893.. .. .. .. 169,747 0 2 Total .. .. .. .. £1,113,769 12 1

Statement of Treasury Bills outstanding on 31st March, 1893, showing the date on which, and the authority under which, they were issued, and the date on which they are due. H'^L 01 Amount. A*'" 1 Due Date. Authority for Issue. To whom issued, 1892. £ £ 1893. April 1 100,000* 5 % .. June 30 1 f Colonial Bank of New Zealand. , 11 59,000 5 % .. , Public Trust Office. June 30 100,000* 5 % .. „ Auckland Savings Bank. 96,500* 4J % .. „ General Post Office. 129,400* 4* % .. „ I Public Revenues Act, 1891 and J Public Trust Office. 115,000* 4J% .. „ f 1592 1 Government Life Insurance Dept. 12,100* 4| % .. „ Comnrs. Public Debts Sinkg. Funds. Nov. 29 33,000 4 J % . . , General Post Office. Dec. 5 25,000 H % .. „ . Government Life Insurance Dept. „ 9 24,000 4J %.. . \ { Public Trust Office. Total £694,000 ♦ In renewal of former issues.

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2

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3

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Return showing (1) Particulars of the Public Debt of the Colony on 30th June, 1878; (2) the several Increases and Decreases between that Date and the 31st March, 1893, whether arising from New Loans, or the Conversion of Old Loans, or from paying off any Loan; (3) the Rate of Interest and Sinking Fund payable in respect of each Loan; (4) Particulars, of the Public debt on 31st March, 1893, showing in respect of each Loan (a) the Annual Charge for Interest and Sinking Fund, (b) the Amount of Outstanding Debt, (c) the due Date thereof, (d) the accrued Sinking Fund, and (c) the Net Debt.

Public Dobt at 30th Juno, 1878. Increases to 31st Mar., 1893. Decreases to 31st March 1893. Public Debt at 31s March, 1893. Authority authorised. Date ol Issue. Am Che lual jge. Loans convert' 3d into 3J-per-( jed Stock. :ont. Loans convoi Inscr tod into 4-per-< ibod Stock. lent. Debentures into 4-por-cerj Bd into Short-dated iicndn, ,, I nf.tri 11I ii'ii it. Stock. Loans paid off. Annual Charge. No. No. Prom ' iw Loans. Sinkine Funds accrued. Authority. Remarks. lunt. From Conversions. When due. Am< mnt. Not Debt. Int. S.P. Date. Amount. Tonne. Date. Amount. Terms Date. Amount. Terms. Date. Amount. Interest. ELF, Ordinance of Legislative Council .. £ £ £ 311 £ £ £ £ £ £ Oiiprosontation £ £ 311 £ £ £ £ 311 Ordinance of Legislative Council 1 2 New Zealand Loan Act, 1856 500,000 Uuly, 1859 1 Oct., 1 July, 1864 300,000 25,000 25,000 50,000 50,000 50,000 4 1 4 4 4 I Uan., 1888 1 Oct., lJm, 1889 1 July, , 1 Oct., 300,000 25,000 25,000 50,000 50,000 1 July, 1894 50|000 New Zealand Loan Act, 1856 New Zealand Loan Act, 1860 The accumulations of Sinking Fund now enable 1 the Trustees not only to dispense with further contributions from the colony, but to pay the , interest of the loan. New Zealand Loan Act, 1860 500*000 93,100 6 2 1 July, 1891 74,100 104 1 May, 1880 19,000 109 50,000 55,000 Cr. 5,000 2 3 150,000 1 July, 1861 3 4 New Zealand Loan Act, 1863 3,000,000 15 July, 1864 1 Nov., 1865 15 Mar., 1866 15 June, 1867 488,000 500,000 201,500 236,000 93,900 5 1 I , . 0 1 2 2 2 15 Mar.', 1891 15 June, „ 15 Dec, lit, 188,400 73,800 104 104 (104 (110 1 May, „ 1 May, 1880 1 May, 1 May, , 65,600 46,700 47,000 20,100 112} 109 109 109 15 Jan., 1886 43,600 A 15 July, 1914 1 Nov., 1915 B78.800 500,000 18,940 20,000 3,788 A. Six years' currency to 15th January, 1892; then converted into 4-per-cent. Inscribed Stock at 110. New Zealand Consolidated Loan Act, 1867— English issue Colonial issue 15 Dec, . 1,519,400 6 106 J 3,651,700 562,400 B C I Annual ) 1 drawings J 15 April, 1913 878*800 3G4.370 514,430 4 5 New Zealand Loan Act, 1863 New Zealand Consolidated Loan Act, 1867 .. .. English issue. 7,283,100 77,000 64,000 13,000 6,531.400 S 5 4 1 64,000 1 May, 1886 38,200 15 April, 1885 15 April, 1886 1879-93 1,171,000 1,107,500 202,355 72,831 1,107,500 B. Seven years' currency to 15th April, 1892; then converted into 4-per-cent. Inscribed Stock at 107. 1 Jan., 1873 15 April, „ 77*000 1 Jan., 1893 106} 13'000 "52O 13,000 Colonial issue. Public Debts Act, 1867 Auckland Loan Act, 1868. Wellington Loan Act, 1866. Nelson Waterworks Loan Act, 1864. Lyttelton and Christchurch Railway Loan Ordinance, 18G0. C. Six years' currency to 15th April, 1892; then converted into 4-per-cent. Inscribed Stock at 107. Public Debts Act, 1867— Auckland Loan Act, 1863 Wellington Loan Act, 1866 Nelson Waterworks Loan Act, 1864 Lyttelton and Christchurch Railway Loan Ordinance, 1860 13,000 500,000 50,000 20,000 300,000 1 July, 1863 Uuly, 1866 Various 31,600 13,500 6,200 77,700 6 S 8 6 2 2 2 2 1891 1891 11,800 "200 6,000 5,800 1,000 23,700 6,600 114 109 111 136 1161 1171 1131 1 July, 1886 13 ', 500' ioo 1880-81 6,200 1 June, 189G i> 19,800 71,500 1,188 4,290 390 1*430 20,947 83,719 Or. 7,147 Cr. 12,219 D. 1st July, 1893 .. .. £28,500 1st July, 1894 .. .. 15,300 1st January, 1896 .. .. 18,500 1st January, 1897 .. .. 9,200 71,500 Canterbury Loan Ordinance, 1862 Otago Loan Ordinance, 1862 500,000 500,000 1 j*uly, 1863 22,800 110,700 6 6 1 1 E 17,000 1,020 170 7,517 9,483 Canterbury Loan Ordinance, 18G2. Otago Loan Ordinance, 1862. Immigration and Public Works Loan Act, 1870 Guaranteed by Imperial Government .. £1,000,000 4,000,000 1 June, 1871 1 June, 1873 200,000 2-4 24 800,000 Uuly, 1898 1 Juno, 1907 1 June, „ 200*000 800,000 372,100 27,900 85,400 5,124 854 77,836 7,504 4 i 1,000,000 400,000 40,000 14,884 1,256 24,000 328,681 671,319 Immigration and Public Works Loan Act, 1870. Guaranteed by Imperial Government. E. 2nd January, 1915.. .. £4,800 2nd July, 1916 .. .. 12,200 17,000 Colonial issue .. ■■ •• 400,000 15 April, „ 1875-78. 372,100 25,700 i 2^200 15 April, 1913 15 April, „ Included Included 397*800 400,000 Colonial issue. Consolidated Loan of 1867 .. .. 2 '*°?'™ ii-per-cmt. Five-thirties .. •• 500,000 £4,000,000 in No. 5. in No. 12. Defence and Other Purposes Loan Act, 1870 .. .. Consolidated Loan of 1807 .. •• , ™ 5-per-ant. Five-thirties .. ■■ SS'SJX Colonial issue 'SO. 000 £1,000,000 1,000,000 Included Included in No. 5. in No. 13. Defence and Other Purposes Loan Act, 1870 * Included in sum of £231,000, No. 30. 15 April, 1873 1 July, 1880 25 June, 1881 50,000 75,000 20,000 5,000 31 Dec, 1885 50,000" 101 Immigration and Public Works Loan Act, 1873 .. .. .. .. £2,000,000 2,000,000 Included Included 15o'oOO 15 April, 1913 1 July, 1910 1 July, . 75,000 20,000 5,000 looiooo 3,000 900 225 100,000 Colonial issue. Immigration and Public Works Loan Act, 1873 in No. 13. in No. 12. 10 General Purposes Loan Act, 1873.. .. ",,~nnAA S-per-cent. Five-thirties .. .. *25'™ Colonial issue 250,000 £750,000 750,000 Included in No. 13. 15 May, 1874 15 Oct., 1873 10 General Purpose3 Loan Act, 1873 12,300 49,500 20,900 18,500 6,200 87,900 54,700 4 5 4 4 H 5 15 Doc.', 1888 28 Nov.; 1884 15 Oct., 1885 28 Nov., 1884 49,500' 20,900" 6*200« 87,900100 100 ioo 100 15 May, 1914 15 Oct.,' 1913 28 Nov.', 1914 12,300 18,500 54,700 492 740 Colonial issue. North Otago District Public Works Loan Act, 1872 North Otago District Public Works Loan Act, 1872 250*000 43,900 85 \ 500 2*735 11 70,000 1878-83 48,900 85,500 11 12 Four-and-a-lialf-ver-cent. Five-thirties— Immigration and Public Works Loan Act, 1870 1873 .. See No. 7 See No. 9 4,000,000 500,000 1,500,000 4,000,000 6,000,000 4 lFeb., 1884 lFeb., 1886 1 Aug., , 3,053,900 1,891,200 1,054,900 103 101 P ) - 12 Four-and-a-italf-per-cent. Five-thirties Five-per-eent. Fwc-tlnrtws— Defence and Other Purposes Loan Act, 1870 Immigration and Public Works Loan Act, 1873 General Purposes Loan Act,1873 See No. 8 See No. 9 See No. 10 =1 15 Jan., 1884 15 Jan., 1885 504,400 745,000 103J 1021 1 ■•• Five-per-ccnt. Five-thirties F. Various. 13 250,000 500,000 500,000 13 Five-per-cent. Ten-forties — New Zealand Loan Act, 1876 .. .. • • - 1877.. I,25o'o00 5' t £92,400 accepted at par. 14 1,000,000 2;500,OO0 1 Mar., 1878 1 Mar., , 1,000,000 2,500,000 3,500,000 50,000 1 Mar., 1890 30 June, 1891 2,2O7,3OOt 50,000 1 May, 1880 1,292,700 Fire-prr-ccnt. Ten-forties Westland Loan Act, 1873 Westland Loan Act, 1873 50,000 15 April, 1874 5 95 107J 102 14 15 15 16 Nelson Loan Act, 1874 27,000 23 Mar., 1876 15,000 3,000 16,500 25,000 16,500 18,000 7 7 12 April, 1885 3*000' LOO 23 Mar., 1896 15,000 15,000 1,050 15,000 Nelson Loan Act, 1874 17 Wellington Debts Act, 1876 58,000 5 5 5 1878-79 58,000 10 1 Nov., 1879 58i000 Wellington Debts Act, 1876 New Zealand Loan Act, 1879 Treasury Bills— Treasury Bills Extended Currency Act, 1873 „ 1876 . ■ .. Appropriation Act, 1876 Financial Arrangements Act, 1876 .. .. 5,000,000 5 5,000,000 INov., 1889 388,000 95 { 1 Nov., 1879 1 May, 1886 4,476,000 136,000 120) 103 J 17 18 New Zealand Loan Act, 1879 II 400,000 172,000 110,000 150,000 400,000 172,000 110,000 150,000 832,000 About 1 31 Dec, 1883 1,832,000 Treasury Bills .. 100 19 Treasury Bills Act, 1879 1880 Now Zealand State Forests Act, 1885 District Railways Purchasing Acts, 1885,1886 800,000 200,000 1886-89 1885-86 800,000 200,000 8,000 357,487 35,000 40,000 31 Mar., 1891 30 Sept. „ 1 89 7,000 1,000 87 } - 1 April, 1905 1 Oct., 1896 Uuly, 1909 114,600 35,000 40,000 4,584 2,187 2,400 New Zealand State Forests Act, 1885 20 5 4 242,800 a -{ 20 21 1 Nov., 1886 New Zealand Colonial Inscribed Stock Loan Act, 1882 250,000 250,000 1 Nov., 1888 250,000 100 189*600 189,600 21 22 District Hallways Purchasing Acts, 1885, 1886 Now Zealand Colonial Inscribed Stock Loan Act, 1882 G. Included with issue of £1,325,000 authorised by Now Zealand Loan Act, 1880. 22 23 Government Loans to Local Bodies Act, 1886 Public -Revenues Act, 1886 150,000 1887-93 9 Oct., 1886 9 Oct., 5 n 5 405,000 181,300 100,000 50,000 1 Mar., 1892 1 Mar., , lOOct'.i 1891 405,000 44,000 5o'oOO 100 100 10 Oct., 1S91 100,000 1 Mar.', 1896 mi 300 6,179 137isOO 23 Government Loans to Local Bodies Act, 1886 Public Revenues Act, 1886 24 ioo 24 • At 41 per cent., being temporary advance. Due provision has been made to meet these debentures at due date; but the complete accounts from London havo not yet been received. Public Revenues Act, 1887 (No. 3) 400,000 1 Mar., 1888 4J 400,000 1 Mar., 1893 1400,000 18,000 400,000 25 Public Revenues Act, 1887 (No. 3) 25 20 Naval and Military Settlers and Volunteers Land Act, 189'2.. mm 1892-93. 4J 9,746 31 Oct., 1899 9,746 7,700 20,000 9,740 439 9,740 2G Naval and Military Settlers and Volunteers Land Act, 1892.. 27 Nativo Land Purchases Act, 1892 1892-93. 5 7,700 20,000 31 Oct., , 31 Oct., , 28 New Zealand Consolidated Stock Act, 1877 (4 per cents)— New LoansNew Zealand Loan Act, 1882 3,000,000 (INov., 1882 ' 1 Nov., , (l Nov., 1884 1 May, 1885 1 Nov., 1886 1 May, 1888 1 May, . 1,000,000 1,000,000 1,000,000 1,500,000 1,325,000 1,000,000 1,000,000 1 Nov., 1929 1 Nov., , 1 Nov., , 1 Nov., , 1 Nov., 1 Nov., , 1 Nov., „ 1 Nov., , 1,000,000 1,000,000 1,000,000 I ,600,000 1,325,000 1,000,000 1,000,000 21,325,302 2,768,000 701,996 27,700 1,285 27,700 27 Native Land Purchases Act, 1892 1884 1886 .. .. ■■ I 1888 North Island Main Trunk Railway, 1882 Now Zealand Consolidated Stock Act, 1877 (31 per cents)— To redeem balances of loans of 1876,1877, and 1879 To redeem balances of loans of 1860, 1863, 1867, and sundry provincial loans NewXland Consolidated Stock Act, 1884English issue—Conversions Colonial issue—Conversions Now Loans 1,500,000 1,325,000 1,000,000 1,000,000 New Zealand Consolidated Stock Act, 1877 (4-percents) 21,32.^302 29 1 Jan., 1890 1891-92 3} 3J 2,7G8,0OO 701,996 1 Jan., 1940 1 Jan., 29,150,302 1,166,013 29,150,302 28 3} 12,892 1 Jan., 12,892 J 3,482,888 121,901 3,482,888 29 Now Zealand Consolidated Stock Act, 1877 (3j-per-cents) .. 30 15 April, 1885 15 Jan., 1886 15 April, „ 1 Nov., 1883 Various 10 Oct., 1891 1 Mar., 1892 28 May, 1892 5 5 5 5 41 3,651,700 43,600 662,400 250,000 231,000 50,000 449,000 15 April, 1892 15 Jan., H 15 April, , 3,651,700 43,600 562,400 107 110 107 158,300 220] 1 Nov.', 1895 28 May, 1895 28 Nov., 28 May, 1897 22 May, 1898 28 May, „ 250*000 107*763 309,130 288,000 40,000 1,021,600 2,016]493 12,500 914J713 280,300 28 May, 1892 31 Mat., 1893 79,493 New Zealand Consolidated Stock Act, 1884 - I Totals 21,739,411 19,724,400 5,237,700 1,996,307 109,700 1,840,793 30 17,686,446 30,045,890 3,255,500 39,257,840 1,733,700 103,469 1,113,770 38,144,070 The Treasury, Wellington, 29th June, 1893. Approxii laic Cost of Paper. —Prepai ration, not given ; printing (1,300 copies) ). 412 55. AMES B. IIeYWOOD, Secretary to the Treasury. Lobert J. Collins, Accountant to the Treasur