SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1901 Session I, B-08

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1901. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH," 1901.

Presented to both Houses of the General Assembly in compliance with the 6th Section of " The Public Debts Sinking Funds Act, 1808."

EEPOET. Government Buildings, Wellington, sth July, 1901. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament the account of their transactions for the year which ended on the 31st March, 1901. During the year for which the accounts are presented there were no transactions which the Commissioners regard as calling for remark. J. K. Wabbubton, Chairman.

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

RECEIPTS. £ s. d. & s. d. ' Cantebbuby Loan Obdinance, 1862 ": — Contribution to Sinking Fund for year to 31 December, 1900, 1 per cent, on £16,000 Interest on Investments, — On £900, Borough of Thames 5J-per-eent. Debentures, one year to 1 October, 1900 , £900, ditto, four months to 1 February, 1901 .. „ £1,000, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1900 „ £840, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1900 „ £200, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1900 „ £3,470, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1900 „ £700, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1900 .. „ £540, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1900 „ £320, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1900 „ £550, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1901 .. „ £60, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1901 .. .. „ £1,860, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1901 „ £200, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1901 „ £520, Government Loans to Local Bodies 3J-per-cent. Debentures, half-year to 1 September, 1900 „ £730, ditto, 13 June to ditto , £1,250, ditto, 1 September to 31 December, 1900 „ £400, ditto, 29 December to 1 March, 1901 .. „ £1,250, Consolidated Stock 3J-per-cent. Debentures, 31 December to 1 March, 1901 „ Bank balances 160 0 0 49 10 0 16 10 0 45 0 0 50 8 0 10 0 0 173 10 0 31 10 0 27 0 0 16 0 0 22 0 0 3 0 0 111 12 0 9 0 0 9 2 0 5 12 0 14 10 0 2 7 6 7 3 10 6 13 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies 3Jper cent. Debentures paid ofl 8 Feb., 1901. Thames Borough 5J-per-cent. Debentures paid off Premium thereon 769 16 7 1,250 0 0 900 0 0 167 2 10 3,086 19 5 Westpobt Habboob Board :— Contribution to Sinking Fund for one year to 1 March, 1901 Interest on Investments, — On £600, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1900 „ £1,400, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1900 „ £1,400, ditto, four months, to 1 February, 1901 „ £430, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1900 ., £1,800, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1900 „ £3,290, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1900 .. „ £1,090, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1900 „ £700, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1900 .. „ £1,480, Wellington and Manawatu Eailway 5-per-cent. Debentures, one year to 1 December, 1900 „ £7,100, Government Loans to Local Bodies 3J-per-cent. Debentures, half year to 1 September, 1900 .. , £1,700, ditto, 13 June to ditto „ £8,800, ditto, 1 September to 31 December, 1900 „ £1,600, ditto, 29 December to 1 March, 1901 .. , £6,550, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1901 „ £1,100, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1901 , £210, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1901 1,500 0 0 27 0 0 77 0 0 25 13 4 25 16 0 90 0 0 164 10 0 54 10 0 31 10 0 74 0 0 124 5 0 13 0 10 102 2 1 9 10 4 262 0 0 55 0 0 12 12 0 Carried forward 2,648 9 7 3,086 19 5

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1901.

DISBURSEMENTS. £ s. d. £ s. d. " Cantebbory Loan Oedinancb, 1862 " :— Investments, — 13 June, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures 29 Dec, „ Government Loans to Local Bodies 3J-per cent. Debentures 31 „ „ Consolidated Stock Debentures 730 0 0 .400 0 0 1,250 0 0 2,380 0 0 Westpoet Haebocb Boaed ;— Investments, — 13 June, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures 29 Dec, „ Ditto, ditto 31 „ „ Consolidated Stock Debentures 1,TOO 0 0 1,600 0 0 8,800 0 0 12,100 0 0 Carried forward 14,480 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 2,648 9 7 3,086 19 5 Wkstport Habboue Board— continued. Interest on Investments— continued. On £640, Borough of Palmcrston North 5-per-eent. Debentures, one year to 20 January, 1901 .. „ £2,400, Borough of Patea 4J-percent. Debentures, oue year to 1 March, 1901 „ £8,800, Consolidated Stock 3£-per-cent. Debentures, 31 December to 1 March, 1901 .. .. „ £1,200, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1901 „ Bank balances 32 0 0 108 0 0 50 12 7 48 0 0 13 19 0 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures paid off 8 Feb., 1901. Thames Borough 5J-per-cent. Debentures paid off Premium thereon 2,901 1 2 8,800 0 0 1,400 0 0 260 0 0 13,361 1 2 Greymouth Harboub Board :— Contribution to Sinking Fund for one year to 1 March, 1901 Interest on Investments, — On £840, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1900 „ £840, ditto, four months, to 1 February, 1901 „ £500, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1900 „ £40, Borough of Brunner 6-percent. Debentures, one year to 9 November, 1900 „ £2,830, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1900 .. „ £1,300, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1900 „ £980, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1900 „ £700, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1900 „ £500, Defence Loan 4£-per-cent. Debentures, one year to 31 December, 1900 .. „ £2,960, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1901 „ £5,050, Government Loans to Local Bodies 3£-per-cent. Debentures, half year to 1 Septembor, 1900 .. „ £1,200, ditto, 13 June to ditto „ £6,250, ditto, 1 September to 31 December, 1900 „ £1,000, ditto, 29 December to 1 March, 1901 .. „ £700, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1901 „ £180, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1901 „ £520, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1901 .. .. „ £2,060, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1901 „ £6,250, Consolidated Stock 3J-per-cent. Debentures, 31 December to 1 March, 1901 „ £800, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1901 „ Bank balances 1,000 0 0 46 4 0 15 8 0 22 10 0 2 8 0 141 10 0 65 0 0 49 0 0 35 0 0 22 10 0 118 8 0 88 7 6 9 4 1 72 10 4 5 18 11 35 0 0 10 16 0 26 0 0 92 14 0 35 19 2 32 0 0 10 11 3 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies 3|-per-eent. Debentures paid off 8 Feb., 1901. Thames Borough 5J-per-cent. Debentures paid off Premium thereon 1,936 19 3 6,250 0 0 840 0 0 156 0 0 9,182 19 3 Bobough op Tauranga:—Contribution to Sinking Fund for one year to 1 May, 1900 Interest on Investments, — On £260, Borough of Thames 5£-per-oent. Debentures, one year to 1 October, 1900 „ £260, ditto, four months, to 1 February, 1901 „ £80, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1900 68 0 0 14 6 0 4 15 4 4 0 0 Carried forward 91 1 4 25,630 19 10

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1901.

DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. 14,480 0 0 Greymouth Harboub Boabd: — Investments, — 13 June, 1900. Government Loans to Local Bodies 3Jper-cent. Debentures 29 Deo., „ Ditto 31 , „ Consolidated Stock 3J-per-oent. Debentures 1,200 0 0 1,000 0 0 6,250 0 0 8,450 0 0 BOROUGH OF TAUBANai: — Investments, — 13 June, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures 31 Dec, „ Consolidated Stock SJ-per-cent. Debentures 100 0 0 290 0 0 390 0 0 Carried forward 23,320 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 91 1 4 25,630 19 10 Borough of Tauranga— continued. Interest on Investments— continued. On £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1900 „ £80, General Purposes Loan 5-per-eent. Debentures, one year to 15 November, 1900 .. „ £70, Waimakariri-Ashley Water-supply Board 5-per-oent. Debentures, one year to 1 December, 1900 „ £10, Westport Harbour 4-per-oent. Debentures, one year to 1 January, 1901 .. „ £90, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1901 „ £10, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1901 „ £20, Borough of Patea 4i-per-cent. Debentures, one year to 1 March, 1901 „ £190, Government Loans to Local Bodies 3J-per-cent. Debentures, half year to 1 September, 1900 .. „ £100, ditto, 13 June to ditto „ £290, ditto, 1 September to 31 Deoember, 1900 „ £290, Consolidated Stock 3J-per-cent. Debentures, 31 December to 1 March, 1901 „ Bank balances 2 8 0 4 0 0 3 10 0 0 8 0 4 10 0 0 12 0 0 18 0 3 6 6 0 15 4 3 7 4 1 13 4 0 16 0 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures paid off .. .. .. 8 Feb., 1901. Thames Borough 5J-per-oent. Debentures paid off Premium thereon 117 5 10 290 0 0 260 0 0 48 5 8 715 11 6 Borough op Bbunner:— Contribution to Sinking Fund for one year to 9 November, 1900 Interest on Investments, — On £50, Borough of Thames 5J-per-cent, Debentures, one year to 1 October, 1900 .. „ £50, ditto, four months, to 1 February, 1901 .. „ £20, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1900 „ £80, Government Loans to Local Bodies 3J-per-cent. Debentures, half year to 1 September 1900 „ £20, ditto, 13 June to ditto „ £100, ditto, 1 September to 31 December, 1900 „ £20, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1900 „ £20, Waimakariri-Ashley Water-supply Board 5-per cent. Debentures, one year to 1 December, 1900 „ £30, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1901 .. „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1901 .. .. „ £100, Consolidated Stock 3J-per-cent. Debentures, 31 December to 1 March, 1901 .. .. .. .. ... „ £60, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1901 „ Bank balances 30 0 0 2 15 0 0 18 4 10 0 18 0 0 3 1 13 3 10 0 10 0 14 0 10 0 0 11 6 2 14 0 0 5 2 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies Debentures paid off .. .. 8 Feb., 1901. Thames Borough 5J-per-eent. Debentures paid off Premium thereon 45 2 4 100 0 0 50 0 0 9 5 9 204 8 1 Borough op Hokitika :— Contribution to Sinking Fund for one year to 5 January, 1901 Interest on Investments, — On £150, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1900 „ £320, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1901 .. „ £470, Government Loans to Local Bodies 3J-per-cent. Debentures, half-year to 1 September, 1900 .. „ £190, ditto, 13 June to ditto „ £660, ditto, 1 September to 31 Deoember, 1900 150 0 0 9 0 0 12 16 0 8 4 6 19 2 7 13 2 Carried forward 189 2 10 26,550 19 5

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1901.

DISBUESEMENTS. £ s. a. £ s. d. Brought forward 23,320 0 0 Borough of Bbdnnek :— Investments, — 13 June, 1900. Government Loans to Local Bodies 3£-per-cent. Debentures 31 Deo., „ Consolidated ytock 3J-per-cent. Debentures 20 0 0 100 0 0 120 0 0 BOBOUGH OF HOKITIKA :— Investments, — 13 June, 1900. Government Loans to Local Bodies 3£-per cent. Debenturea 31 Deo., „ ConHolidated Stock 3Jper-cent. Debentures 190 0 0 660 0 0 850 0 0 Carried forward 24,290 0 0

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

RECEIPTS. I £ 8. a. £ s. a. Brought forward .. 189 2 10 26,550 19 5 iORorjGH op Hokitika — continued. Interest on Investments— continued. On £10, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1900 „ £240, Borough of Hokitika 6-per-oent. Debentures, one year to 5 January, 1901 „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1901 .. .. „ £660, Consolidated Stock 3J-per-cent. Debentures, 31 December to 1 March, 1901 „ £220, Borough of Patea 4£-per-cent. Debentures, one year to 1 March, 1901 „ Bank balances 0 10 0 14 8 0 10 0 3 16 0 9 18 0 0 13 7 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures paid off 219 8 5 660 0 0 879 8 5 Iounty of Tauranga :— Contribution to Sinking Fund for one year to 1 January, 1901 Interest on Investments, — On £50, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1900 „ £50, ditto, four months to 1 February, 1901 .. „ £80, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1901 .. „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1901 .. .. „ £40, Borough of Patea Debentures, one year to 1 March, 1901 „ £90, Government Loans to Local Bodies 3J-per-cent. Debentures, half year to 1 September, 1900 .. „ £60, ditto, 13 June to ditto „ £150, ditto, 1 September to 31 December, 1900 „ £150, Consolidated Stock SJ-per-cent. Debentures, 31 December to 1 March, 1901 „ Bank balances 40 0 0 2 15 0 0 18 4 3 4 0 2 10 0 1 16 0 1 11 6 0 9 3 1 14 10 0 17 3 0 9 11 Securities realised, — 31 Dec, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures paid off 8 Feb., 1901. Thames Borough 5J-per-cent. Debentures paid off Premium thereon 56 6 1 150 0 0 50 0 0 9 5 9 265 11 10 Balance on 31 March, 1900 27,695 19 8 3,581 6 6 £31,277 6 2

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1901.

Wμ. Dodd, Secretary and Accountant to the Commissioners.

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s. s. Brought forward 24,290 0 0 County of Taubanqa :— Investments, — 13 June, 1900. Government Loans to Local Bodies 3J-per-cent. Debentures 31 Dec, „ Consolidated Stock 3J-per-cent. Debentures 60 0 0 150 0 0 210 0 0 Balahcb on 31 March, 1901 24,500 0 0 6,777 6 2 £31,277 6 2

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Wμ. Dodd, Secretary and Accountant to the Commissioners.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1901.

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s Loans in bespeot of which the Fi rNDS ABE HELD. Securities. When Securities are redeemable. 3 a S " Canterbury Loan Ordinance, 1862." Westport Harbour Board. Greymouth Harbour Board. Borough of Tauranga. Borough Borough of of Brunner. Hokitika. County of Tauranga. Totals. 1 July, 1910 % £ s. d. 700 0 0 £ s. d. 700 0 0 £ s. d. 500 0 0 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1,900 0 0 Defence and Other Purposes Loan Debentures Immigration ana Public Works Loan Debentures 15 April, 1913 *i 1,000 0 0 600 0 0 500 0 0 2,100 0 0 General Purposes Loan Debentures 28 Nov., 1914 5 3,470 0 0 3,290 0 0 2,830 0 0 80 0 0 20 0 0 10 0 0 9,700 0 0 Government Loans to Local Bodies Debentures 1 Sept., 1907 3J 400 0 0 1,600 0 0 1,000 0 0 3,000 0 0 Consolidated Stock Debentures 31 Dec, 1907 3| 1,250 0 0 8,800 0 0 6,250 0 0 290 0 0 100 0 0 660 0 0 150 0 0 17,500 0 0 Lands Improvement Loan Debentures 30 Sept., 1908 4 1,200 0 0 800 0 0 2,000 0 0 Borough of Patea Debentures 1 Sept., 1913 *4 200 0 0 2,400 0 0 2,060 0 0 20 0 0 60 0 0 220 0 0 40 0 0 5,000 0 0 Borough of Palmeraton North Debentures 20 July, 1905 5 640 0 0 520 0 0 20 0 0 20 0 0 1,200 0 0 Borough of Tauranga Debentures 1 May, 1915 5 200 0 0 1,800 0 0 1,300 0 0 80 0 0 20 0 0 3,400 0 0 Borough of Brunner Debentures 9 May, 1917 6 840 0 0 430 0 0 40 0 0 40 0 0 150 0 0 1,500 0 0 County of Tauranga Debentures 1 Jan., 1919 5 60 0 0 1,100 0 0 700 0 0 90 0 0 50 0 0 2,000 0 0 Waimakariri-Ashley Water-supply Board Debentures 1 June, 1905 5 320 0 0 790 0 0 500 0 0 70 0 0 20 0 0 1,700 0 0 Ditto 1 June, 1906 5 300 0 0 200 0 0 500 0 0 Westport Harbour Board Debentures 1 Jan., 1903 4 550 0 0 6,550 0 0 2,960 0 0 10 0 0 30 0 0 320 0 0 80 0 0 10,500 0 0 Wellington and Manawatu Railway Debentures 1 June, 1908 5 540 0 0 1,480 0 0 980 0 0 3,000 0 0 Borough of Hokitika Loan 5 Jan., 1904 6 1,860 0 0 210 0 0 180 0 0 10 0 0 240 0 0 2,500 0 0 11,390 0 0 1,335 0 8 31,890 0 0 2,852 16 2 34,742 16 2 21,320 0 0 1,834 4 6 690 0 0 340 3 0 •270 0 0 89 12 7 1,620 0 0 208 14 5 320 0 0 116 14 10 67,500 0 6,777 6 Cash in Bank of N.Z. Totals 12,725 0 8 1,828 14 5 436 14 10 74,277 6 23,154 4 6 1030 3 0 359 12 7

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1901.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1901. £ s. a. Secretary's salary .. .. .. .. .. .. .. .. .. 50 0 0 Fee to Mr. Brewer (Customs Audit) for audit of Commissioners' accounts .. .. .. ..220 £52 2 0 Wμ. Dodd, Secretary and Accountant to the Commissioners. Examined and found correct. H. W. Beewer, Customs Audit. Approximate Cost of Paper. —Preparation, cot given; printing (1,410 copies), iJB 19s.

By Authority: John Mackay, Government Printer, Wellington.—l9ol. Price tid.]

Loaiis. Debentures in. SSwm Circulation. *$£*? When redeemable. Sinking Funds accrued. " Canterbury Loan Ordinance, 1862 " Westport Ha,rbour Board Loan Greymouth Harbour Board Loan Borough of Tauranga Borough of Brunner Borough of Hokitika County of Tauranga £ 16,000 150,000 100,000 3,400 1,500 2,500 2,000 Per Cent. I 2 2 6 2 1915 and 1916 1 March, 1925 1 March, 1925 1 May, 1915 .. 9 May, 1917 .. 5 January, 1904 1 January, 1919 £ s. d. 12,725 0 8 34,742 16 2 23,154 4 6 1,030 3 0 359 12 7 1,828 14 5 436 14 10 £275,400 £74,277 6 2