APPLICATIONS MADE BY LOCAL AUTHORITIES FOR LOANS UNDER THE LOCAL BODIES' LOANS ACT, 1908, THE LOCAL BODIES' LOANS AMENDMENT ACT, 1908, AND THE LOCAL BODIES' LOANS AMENDMENT ACT, 1910, FOR THE FINANCIAL YEAR ENDED THE 31st MARCH, 1913 (ANNUAL RETURN OF).

Appendix to the Journals of the House of Representatives, 1913 Session I, B-14

B.— 14

1913. NEW ZEALAND

APPLICATIONS MADE BY LOCAL AUTHORITIES FOR LOANS UNDER THE LOCAL BODIES' LOANS ACT, 1908, THE LOCAL BODIES' LOANS AMENDMENT ACT, 1908, AND THE LOCAL BODIES' LOANS AMENDMENT ACT, 1910, FOR THE FINANCIAL YEAR ENDED THE 31st MARCH, 1913 (ANNUAL RETURN OF).

Presented to both Hmises of the General Assembly in pursuance of Section 90 of the Local Bodies' lioans Act. 1908.

Ektukn showing what Applications have been made by Local Authorities, and which of them have been granted or refused ; also what Sums have been granted or advanced, and for what Purposes, and the Names of such Authorities ; what Sums have been borrowed or raised by the Treasurer; and what are the Outstanding Liabilities and the Assets.

List of Applications and Advances during the Financial Year ended the 31st March, 1913.

Note.—" (i " means granted. £ s. d. Cash balance, Ist April, 1912 .. .. .. .. .. .. .. .. .. .. 7,256 13 7 Money advanced to local bodies .. .. .. .. . . .. .. .. .. .. 2,300 0 0 Cash balance, 31st March. 1913 , .. .. .. .. .. .. .. .. .. £4,956 13 7

Provi- Advances. Amount sionally Besult Local Authority. ! applied ; granted of Poll or ! Tr>!m«nf Purpose of Loan. Remarks. for. or Petition. New p° vi ous , refund. Loans. P ™ h COUNTY COUNCILS. * £ £ £ Kawhia .. .. •• •• •• 500 I To widen and metal Mahoenui-Kawhia Road. Raglan .. 200 G. No poll 200 .. (10 per cent, on £2,000) to construct road Under section 2 (c) of required from Harapepe to Karamu and part of the Local Bodies' Kaniwhaniwha Road Loan s Amendment Act, 1910. Waipa .. .. 250 „ Ditto 250 .. (10 per cent, on £2,500) to construct roads Under section 2 (c) of in Mangapiko Riding the Local Bodies' Loans Amendment Act, 1910. BOROUGHS. Lower Hutt .. 1,000! 6. No poll 1,000; .. | (10 per cent on £10,000) for the construe- j Under section 2 (c) of required tion of drainage-works the Local Bodies' Loans Amendment Act, 1910. 1,000 G. DRAINAGE BOARDS. Sluggish River .. 300 : 0i. [No poll I 300 | .. (Portion of 10 per cent, on £3,015) to con- I Under section 2 (c) of j required j struct the main drain through the district ! the Local Bodies' Loans Amendment Act, 1910. South Hautdpu .. ! 50 ,, : Ditto 50 .. (10 per cent, on £500) to construct drainage- Under section 2 (e) of works the Local Bodies' I Loans Amend- : 1 ment Act, 1910. 1,800 .. .. 1.800 i 500 ;

8.—14

2

Statement of Liabilities. Outstanding liabilities, — £ s. d. Debentures issued under the Local Bodies' Loans Acts* .. .. .. .. .. .. 3,573,100 0 0 Under the Local Bodies' Loans Act, 1908— Unpaid balances of loans to local authorities .. .. .. .. .. .. .. 10,207 0 0 £3,583,307 0 0 Statement of Assets. Assets, — £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 4J per cent, per annum on amount of inscribed debts of local bodies (£1,161,579 Bs. sd.f) .. .. 1,359,047 18 6 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£104,443 12s. 10d.f) .. .. 133,687 17 4 Payments for forty-one years of 3J per cent, per annum on amount of inscribed debts of local bodies (£1,722,285 Bs. 2d.f) .. .. 2,471,497 11 2 3,964,233 7 0 Less amount paid in respect of the annual repayments .. 1,462,521 13 6 2,501,711 13 6 Inscribed debt under section 75 of the Looal Bodies' Loans Act, 1908 .-. 607,276 7 7 Less amount refunded on disposal of lands .. .. .. 397,996 13 9 209,279 13 10 Sinking i'und created under section 88 of the Local Bodies' Loans Act, 1908 799,600 12 0 Cash balance, 31st March, 1913 .. .. .. .. .. 4,956 13 7 1,013,836 19 5 £3,515,548 12 11

G. F. C. Campbell, The Treasury, 29tb September, 1913. Secretary to the Treasury. Notkm. — The total amount borrowed up to the 31st March, 1913, waa £3,573,100. The total amount repaid under section 31 of the Government Loans to Local Bodies' Act, 1886, to Public Works Fund up to the 31st March, 1912, was £89,800.

* £1,421,800 of this amount has been converted into consolidated-stock debentures under the Consolidated Stock Act, 1884. I These amounts represent the debt as inscribed up to the Ist February, 1913. They include the inscribed stock exchanged for debentures under thfl Roads and Bridges Construction Act, 1882, amounting to £89,878 Bs. 9<t (See 8.-13,1891.)

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