SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1920 Session I, B-08

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1920. NEW ZEALAND

SINKING FUNDS.

REPORT AND ACCOUNTS OF TBE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE _EAR ENDED 31st MARCH, 1920.

Presented to both Houses of the General Assembly in compliance toith the 51st Section ol the New Zealand Loans Act, 1908.

REPORT. Government Buildings, Wellington, 29cb June, 1920. Thk Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament the account of their transactions for the year ended 31st March, 1920. The contributions of sinking fund due from Greymouth Harbour Board are in arrears to the extent of £-2,500. Bobeht J. Collins, Chairman.

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2

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS.

RECEIPTS. £ s. d. £ s. d. Ialance, 1st April, 1919 :— Cash at bank Westport Harbour Board :— Loan of £150,000,— Contribution to Sinking Fund for one year to 1 March, 1920 Interest on Investments— On £3,400, Irrigation and Water-supply 4-per-cent. Debentures, one year to 1 October, 1919 .. ' ' .. „ £5,520, Waverley Town Board 5-per-cent. Debentures, one year to 1 October, 1919 „ £1,600, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1919 „ £4,200, Land for Settlements 4-per-cent. Debentures, half-year to 1 May, 1919 .. „ £4,310, Land for Settlements 4-per-cent. Debentures, half-year to 1 November, 1919 „ £8,600, Inscribed Stock (1917) at 4A per cent., one year to 15 November, 1919 .. „ £4,900, Inscribed Stock (1919) at i\ per cent., period to 15 November, 1919 „ £3,730, General Purposes Loan 4-per-cent. Debentures, one year to 20 November, 1919 „ £40, General Purposes Loan 4-per-cent. Debentures, period to 20 November, 1919 .. „ £1,090, Aid to Public Works and Land Settlement (1902) 4-per-oent. Debentures, one year to 1 December, 1919 „ £20, Aid to Public Works arid Land Settlement (1902) 4-per-cent. Debentures, period to 1 Docember, 1919 „ £2,210, Finance Aot (1915) 4J-per-cont. Debentures, one year to 1 December, 1919 „ £1,160, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 Docember, 1919 „ £1,400, Defence and Other Purposes Loan 4-per-cent. Debentures, one year to 1 January, 1920 .. .. .. .» „ £5,280, Aid to Public Works and Land Settlement (1903) 4-per-cent. Debentures, one year to 1 January, 1920 „ £1,000, Hutt Railway and Road Improvement 4-per-oent. Debentures, one year to 1 January, 1920 „ £9,720, Land for Settlements 4-per-eent. Debentures, one year to 1 January, 1920 „ £1,700, Land for Settlements 4-per-cent. Debentures, period to 1 January, 1920 .. .. .. .. .. „ £3,715, New Zealand State-guaranteed Advances 4-per-cent. Deben- j tures, one year to 1 January, 1920 „ £7,430, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1920 „ £30, Westport Harbour Board 4-per-cent. Debentures, period to 1 January, 1920 „ £1,250, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1920 „ £8,095, Government Railways Amendment Act 4-per-cent. Debentures, one year to 1 January, 1920 „ £140, Government Railways Amendment Act 4-per-cent. Debentures, period to 1 January, 1920 „ £2,740, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1920 „ £50, Land for Settlements 4-per-cent. Debentures, period to 1 February, 1920 „ £1,320, New Zealand State-guaranteed ..dvances 4-per-cent. Debentures, one year to 1 February, 1920 .', .. „ £60, New Zealand State-guarantoed Advances 4-per-cent. Da-. bentures, period to 1 February, 1920 „ £3.825, New Zealand 4-per-cent. Consols, one year to 1 February, 1920 „ £50, Maori Land Settlement Ac, 4-per-cent. Debentures, period to 1 February, 1920 „ £2,805, Palmerston North Borough 5 percent. Debentures, one year to 20 February, 1920 .. „ £1,350, Government Railways Amendment Act 4-per-cent. Debentures, one year to 1 February, 1920 „ £130, Government Railways Amendment Act 4-per-oent. Debentures, period to 1 February, 1920 .. .. .. „ £830, Hutt Railway and Road 4-per-cont. Debentures, one year to 1 February, 1920 „ £10,090, Consolidated Stock Act (1884) 4-per-cent. Debentures, one year to 31 December, 1919 „ £100, Consolidated S'ock Aot (1884) 4-per-cent. Debentures, period to 31 December, 1919.. .. „ £2,500, Finance Act (1916) 4J per-cent. Debentures, one year to 1 March, 1920 .. „ £2,000, Loans to Local Bodies 4-per-cent. Debentures, one year to 1 March, 1920 „ £2,540, Patea Borough Debentures, half-year to 1 September, 1919 1 ,500 0 0 136 0 0 276 0 0 72 0 0 84 0 0 86 4 0 387 0 0 128 18 0 149 4 0 0 16 0 67 12 0 0 8 0 99 9 0 58 0 0 56 0 0 211 4 0 40 0 0 388 10 0 7 11 6 148 12 0 297 4 0 0 12 0 62 10 0 323 16 O 2 16 0 109 12 0 1 0 O 52 Hi 0 1 . 0 1.53 0 0 0 4 6 140 5 0 54 0 0 2 12 0 33 4 0 403 12 0 2 0 0 112 10 0 80 0 0 57 3 0 1 181 8 2 Carried forward 1 5,787 15 0 5,787 15 0 181 3 2

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For the Year ended 31st March, 1920.

DISBURSEMENTS. £ s. d, £ i i. d. Westport Harbour Board: — Loan of £150,000,— InvestmentsJune, 1919. New Zealand 4£-per-cent. Inscribed Stock General Purposes Loan 4-per-cont. Debentures „ „ Aid to Public Works 4-per-cent. Debentures Consolidated Stock Act 4-per-cent. Debentures July, - Government Railways Act (1910) 4-per-cent. Debentures.. „ „ Land for Settlements 4-per-cent. Debentures Patea Borough 4J-perceut. Debentures Westport Harbour Board (1) 4-per-cont. Debentures Aug., „ New Zealand 4J-per-cent. Inscribed Stock „ „ Land for Settlements 4-per-oent. Debentures .. New Zealand State - guaranteed Advances 4-per-cent. Debentures .. „ Government Railways Act 4-per-cent. Debentures „ „ Land Laws Amendment Aot 4-per-oent. Debentures Sept., „ Patea Borough 4J-per-cent. Debentures Nov., „ Land for Settlements 4-per-oent. Debentures .. Maori Land Settlement Aot 4-per-cent. Debentures Jan., 1920. Government Railways (1910) 4-per-cont. Debentures „ » Westport Harbour Board (1) 4-per-cent. Debentures Land for Settlements (1908) 4-per-cent. Debentures Aid to Public Works and Land Settlement 4-per-cent. Debentures Feb., „ Appropriation Act (1917) 4-per-eent. Debentures Mar., „ Inscribed Stock, 4 por cent. 700 0 0 40 0 0 20 0 0 100 0 0 140 0 0 110 0 0 60 0 0 30 0 0 1,200 0 0 50 0 0 60 0 0 130 0 0 120 0 0 40 0 0 1,700 0 0 50 0 0 185 0 0 80 0 0 145 0 0 95 0 0 1,750 0 0 1,065 0 0 Less Debentures matured — £ Aug., 1919. Brunner Borough .. 470 Jan., 1920. Tauranga County .. 1,250 7,870 0 0 1,720 0 0 6,150 0 0 • i lamed forward .. 6,150 0 0 j

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS.

RECEIPTS. £ s. d. £ s. d. Brought forward 5,787 15 0 181 3 2 Westport Harbour Board— continued. Loan of £150,000 — continued. Interest on Investments— continued. On £870, Appropriation Act 4-per-cent. Debentures, one year to 1 November, 1919 „ £800, Kauri-gum Industry Amendment Act 4-per-cent. Debentures, one \ear to 1 November, 1919 „ £5,905, Land Laws Amendment Aot 4-per-cent. Debentures, ono year to 1 February, 1920 .. „ £120, Land Laws Amendment Act 4-per-cent. Debentures, period to 1 February, 1920 „ £1.750, Appropriation Act (1917) 4-per-cent. Debentures, period to 1 March, 1920 „ £470, Brunner Borough 5-per-oent. Debentures, twenty-one month-i to 9 August, 1919 „ Daily Balances 34 16 0 32 0 0 236 4 0 2 8 0 3 13 1 49 7 0 10 8 6,147 3 9 Westport Harbour Board :-- Loan of £200,000,— Contribution to Sinking Fund for one year to 1 March, 1920 Interest nn Investments — On £4,260, N»-w Zealand 4J-per-cent. Inscribed Stock, one year to 15 No vember, 1919 .. .. • .. „ £3.500, Ni-w Zealand 4J-per-cent. Inscribed Stock, period to 15 November, 1919 „ £1 400, Irrigation and Wa'er-supply 4-per-cent. Debentures, one year to 1 October, 1919 „ £1,930, Waverley Town Board 5-per-cent. Debentures, one year to 1 October, 1919 „ £125, Waverley Town Board 5-per-cent. Debentures, period to 1 October, 1919 „ £1,040, Appropriation Act 4-per-cent. Debentures, one year to 1 No vemner, 1919 „ £40, Appropriation Aot 4-per-cent. Debentures, period to 1 November, 1919 .. „ £1,200, Kauri-gum Industry Amendment 4-per-cent. Debentures, one year to 1 November, 1919 „ £1,090, Finance Act (1915) 4J-per-cent. Debentures, one year to 15 December, 1919 „ £910, Consolidated Stock Act 4-per-cent. Debentures, one year to 31 December, 1919 „ £1,180, Land f r Settlements 4-per-cent. Debentures, one year to 1 January, 192(1 „ £185, Land for Settlements 4-per-cent. Debentures, period to 1 January, 1920 „ £3,595, Government Railways Amendmont Act 4-per-cent. Debentures, one yoar to 1 January, 1920 „ £50, Government Railways Amendment Art 4-per-cent. Debenture.-, one yoar to 1 February, 1920 „ £70, Government Railways Amendmont Act 4-per-oent. Debentures, period to 1 February, 1920 „ £1,000, Hutt Railway and Road 4-per-cent. Debentures, one year to 1 February, 1920 .. .. .. .. .. „ £2,090, New Zealand 4-per-cent. Consols, one year to 1 February, 1920 „ £75, New Zealand 4-per-cent. Consols, period to 1 February, 1920 .. „ £500, Hauraki Plains Amendment Aot 4-per-cent. Debentures, one year to 1 February, 1920 „ £100, Land for Settlements Act 4-per-cent. Debentures, one year to 1 February, 1920 „ £95, Land for Settlements Act 4-por-cent. Debentures, period to 1 February, 1920 „ £1,200, Finance Act (1916) 4J-per-cent. Debentures, one year to 1 March, 1920 .. ' .. „ £195, Palmerston North Borough 5-per-cent. Debentures, one year to 20 February, 1920 „ £400, Maori Land Settlement Act (1908) 4-per-cent. Debentures, period to 1 January, 1920 „ £35, New Zealand State-guaranteed Advances Act 4-per-cent. Debentures, period to 1 January, 1920 „ £25, Aid to Publ.io Works Act 4-per-cent. Debentures, period to 1 January, 1920 „ £75, Land Laws Amendment Aot 4-per-cent. Debentures, period to 1 February, 1920 „ £40, New Ze.land State-guaranteed Advances Act 4-per-cent. Debentures, period to 1 February, 1920 „ £200, Appropriation Act (1917) 4-per-oent. Debentures, period to 1 March, 1920 „ £990, Brunner Borough 6-per-oent. Debentures, twenty-one months to 9 August, 1919 Interest, Bank Balances 2,000 0 0 191 14 0 55 8 6 56 0 0 96 10 0 3 2 6 41 12 0 0 16 0 48 0 0 49 1 0 36 8 0 47 4 0 3 14 o 143 16 0 2 0 0 18 0 40 0 0 83 12 0 1 10 0 20 0 0 4 0 0 .1 18 0 54 0 0 9 15 0 1 15 8 0 14 0 0 10 0 1 10 0 0 16 0 0 8 4 103 19 0 0 7 7 3,101 9 7 Carried forward 9,429 16 6

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For the Year ended 31st March, 1920.

DISBURSEMENTS. £ i. d. £ 1. d. £ 1. d. I Brought forward 6,160 0 0 6,160 0 0 Westport Harbour Board :— Loan of £200,000,— Investments — May, 1919. Land for Settlements 4-per-cent. Debentures .. .. 110 0 0 June, „ New Zealand 4J-per-ceni,. Inscribed Slock .. .. 290 0 0 April, „ Waverley Town Board 5-per-cent. Debentures .. I 125 0 0 May, „ New Zealand IJ-percent. Inscribed Stock .. ..I 135 0 0 July, „ Appropriation Act (1912) 4-per-cent. Debentures ..[ 40 0 0 „ „ New Zealand State-guaranteed Advances 4-por-cont. Debentures .. .. .. .. j 35 0 0 Land for Settlements 4-per-cent. Debentures .. .. 75 0 0 Aid to Public Works 4-per-cont. Debentures .. .. 25 0 0 Aug., „ State-guaranteed Advances and Land for Settlement 4-per-oent. Debentures .. .. .. .. 40 0 0 Government Railways Amendment Act 4-per-cent. Debentures .. .. .. .. .. I 70 0 0 , „ Land Laws Amendment Act 4-per-cent. Debentures .7 75 0 0 Land for Settlements 4-per-cent. Debentures .. .. | 95 0 0 „ New Zealand 4-por-cent. Consols .. .. .. 45 0 0 Palmerston North Borough 5-per-cent. Debentures .. ! 45 0 0 New Zealand 4J-per-cent. Insciibed Stock .. .. 275 0 0 New Zealand 4-per-cent. Consols .. .. .. 30 0 0 Nov., „ Maori Land Settlement Act 4-per-cont. Debentures .. 400 0 0 Fruit-preserving Industry 4-per-cent. Debentures .. 5 0 0 Feb., 1920. Appropriation Aot (1917) 4-per-cent. Debentures .. 200 0 0 Mac, „ Fruit-presorving Industry (1913) 4-per-cent. Debentures., 2,000 0 0 Now Zealand 4j-per-cent. Inscribed Stock .. .. 35 0 0 4,150 0 0 Less Debentures matured— July, 1920. Brunner Borough .. .. 990 0 0 3,160 0 0 * • Carried forward .. 9,310 0 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS.

RECEIPTS. £ a. d. £ s. d. Brought forward .. .. .. .. .'.' 9,429 16 6 Westport Harbour Board : — Loan of £500,000 — Contribution to Sinking Fund for one year to 1 March, 1920 Interest on Investments — On £2,910, Irrigation and Water-supply Act 4-per-oent. Debentures, one year to 1 October, 1919 „ £5,220, Waverley Town Board 5-per-cent. Debentures, ono year to 1 Ootober, 1919 „ £2,860, Appropriation Act (1912) 4-per-cent. Debentures, one year to 1 November, 1919 „ £3,000, Kauri-gum Industry Amendment Act 4-per-cent. Debentures, one year to 1 November, 1919 „ £1,900, Land for Settlements 4-per-eent. Debentures, one yeir to 1 November, 1919 „ £360, Aid to Public Works and Land Settlement Aot (1902) 4-per-cont. Debentures, one year to 1 December, 1919 .. „ £2,700, Finanoe Act (1915) 4£-per-cent. Debentures, one year to 15 December, 1919 „ £2,800, General Purposes Loan Debentures, one year to 28 November, 1919 „ £300, Land for Settlements Aot 4-per-cent. Debentures, one year to J February, 1920 „ £2,850, Land for Settlements Aot 4-per-cent. Debentures, one year to , 1 January,1920 .. .. .. .. .. [ „ £2,500, Hutt Railway and Road Improvement Act 4-per-cent. Debentures, one year to 1 January, 1920 ., £3,750, Aid to Public Works and Land Settlement Act (1903) 4-por-cent. Debentures, one year to 1 January, 1920 „ £9,225, Government Railways Amendment Act 4-per-oent. Debentures, one year to 1 January, 1920 „ £300, Government Railways Amendment Aot 4-per-cent. Debentures, one year to 1 February, 1920 „ £2,550, Hutt Railway and Road Improvement Aot 4-per-cent. Debentures, one year to 1 February, 1920 .. .. .'.' i „ £5,200, New Zealand 4-per-cent. Consols, one year to 1 February, 1920 „ £1,600, Hauraki Plains Amendment Aot i-per-oeut. Debentures, one year to 1 February, 1920 .. .. .. .. , „ £8,180, Palmerston North Borough 5-per-cent. Debentures, one year to 20 February, 1920 .. „ £11,190, New Zealand 4£-per-cent. Inscribed Stock, one year to 15 November, 1919 .. , £5,230, New Zealand 4J-per-cent. Inscribed Stock, period to 15 November, 1919 „ £3,500, Finance Act (1916) 4J-per-cent. Debentures, one year to 1 March, 1920 .. .. „ £750, Maori Land Settlement Aot 4-per-oent. Debentures, period to 1 January, 1920 » £600, Appropriation Act (1917) 4-per-cent. Debentures, period to 1 Maroh, 1920 Interest, Bank Balance .. .. .. .. .. , 5,000 0 0 116 8 0 261 0 0 114 8 0 120 0 0 70 0 0 14 8 0 121 10 0 112 0 0 12 0 0 114 0 0 100 0 0 150 0 0 369 0 0 12 0 0 102 0 0 208 0 0 64 0 0 159 0 0 503 11 0 144 15 9 157 10 0 3 6 10 1 5 1 0 11 1 — 8,036 13 9 8,036 13 9 Greymouth Harbour Board :— Interest on Investments, — On £2,330, Irrigation and Wator-supply 4-per-cent. Debentures, halfyear to 1 April, 1919 .. „ £2,370, Irrigation and Water-supply 4-per-eent. Debentures, halfyear to 1 Ootober, 1919 .. .. .. .. „ £5,040, Waverley Town Board 5-per-cent. Debentures, one year to 1 October, 1919 „ £500, Immigration and Public Works Loan 4J-per-oent. Debentures, one year to 15 October, 1919 .. .. .. .7 „ £3,180, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1919 „ £120, Appropriation Aot 4-per-oent. Debentures, one yea,r to 1 November, 1919 „ £3,100, General Purposes Loan 4-per-cent. Debentures, one year to 28 November, 1919 .. „ £930, Aid to Public Works and Land Settlement (1902) 4-per-oent. Debentures, one year to 1 Deoember, 1919 .. .. .. „ £1,010, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 Docember, 1919 „ £500, Defence and Other Purposes Loan 4-per-cent. Debentures, one year to 1 January, 1920 .. .. .. .. „ £3,350, Aid to Public Works and Land Settlement (1903) 4-por-cent. Debentures, one year to 1 January, 1920 „ £8,045, Land for Settlements 4-per-oent. Debentures, one year to 1 January, 1920 „ £1,390, New Zealand State-guaranteed Advances 4-per-cent. Debentures, one year to 1 January, 1920 „ £500, Hutt Railway and Road Improvement 4-per-oent. Debentures, one year to 1 January, 1920 Carried forward .. 46 12 0 47 8 0 252 0 0 22 10 0 127 4 0 4 16 0 124 0 0 37 4 0 52 0 0 20 0 0 134 0 0 321 16 0 | 55 12 0 20 0 0 1,265 2 0 17,466 10 3

7

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For the Year ended 31st March, 1920.

DISBURSEMENTS. £ s. d. £ s. d, Brought forward Westport Harbour Board :— Loan of £500,000,— InvestmentsJune, 1919. New Zealand 4J-per-cent. Inscribed Stock, due 15 No vember, 1938 Aug., „ New Zealand 44-per-oent. Inscribed Stock, due 15 November, 1938 Mar., 1920. New Zealand 4£-per-cent. Inscribed Stock, due 15 November, 1938 Nov., 19.19. Maori Land Settlement Act 4-per-oent. Debentures, due 1 January, 1923 Fruit-preserving Industry Act 4-per-oent. Debentures, due 1 April, 1924 .. .. .. ... Feb., 1920. Appropriation Aot (1917) 4-per-cent. Debentures, due 1 March, 1923 Mar., „ Fruit-preserving Industry Act 4-per-cent. Debentures, due 1 April, 192S 700 0 0 630 0 0 1,250 0 0 750 0 0 120 0 0 600 0 0 4,000 0 (I 9,310 0 0 8,050 0 0 • Greymouth Harbour Board:— Investments, — June, 1919. New Zealand 4J-per-cent. Inscribed Stock Aug., „ New Zealand 4J-per-cent. Inscribed Stook Nov., „ New Zealand 4J-per-ceut. Inscribed Stook Mar., 1920. New Zealand 4J-percent. Inscribed Stock Nov., 1919. Fruit-preserving Industry 4-per-oent. Debentures Oct., „ Irrigation and Water-supply 4-per-cont. Debentures April, „ Irrigation and Water-supply 4-per-cent. Debentures Waverley Town Board (1) 5-per-oent. Debentures Waverley Town Board (2) 5-per-cent. Debentures Nov., „ Land for Settlements 4-per-cent. Debentures .. Appropriation Act 4-per-cent. Debentures „ 4J-per-cent. Inscribed Stock „ „ General Purposes Loan Act 4-per-cent. Dobentures Deo., , Consolidated Stook Act 4-per-cent. Debentures Jan., 1920. New Zealand State-guaranteed Advances Act 4 percent. Debentures .. .. .. I _ „ Land for Settlements (1908) 4-per-oent. Debentures Feb., „ Appropriation Act (1917) 4-per-oent. Debentures Waimakariri-Ashley River Board 4-per-oent, Debentures 500 0 0 850 0 0 300 0 0 150 0 0 265 0 0 20 0 0 40 0 0 70 0 0 105 0 0 110 0 0 70 0 0 260 0 0 30 0 0 150 0 !) 60 0 0 75 0 0 700 0 0 20 0 0 Less Debentures matured— £ 9 August, 1919. Brunner Borough .. 40 9 January, 1920. Tauranga County Council 700 3,775 0 0 740 0 0 3,035 0 0 Carried forward .. i 20,395 0 0 \ : ' ■___

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8

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS.

RECEIPTS. Brought forward .. £ s. d. 1,265 2 0 £ s. d. 17,466 10 3 Greymouth Harbour Board— continued. Interest on Investments— continued. On £2,960, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1920 „ £700, County of Tauranga 5-per-cent Debentures, one year to 1 January, 1920 „ £7,350, Government Railways Amendment Act 4-per-cent. Debentures, one year to 1 January, 1920 .. .. .. „ £1,030, Government Railways Amendment Act 4-per-cent. Debentures, one year to 1 February, 1920 „ £820, Hutt Railway and Road 4-per-oent. Debentures, ono year to 1 February, 1920 „ £1,930, Land for Settlements 4 per-oent. Debentures, one year to 1 February, 1920 „ £1,580, New Zealand Slate-guaranteed Advances 4-per-cent. Deben tures, one year to 1 February, 1920 .. .. ,'. „ £2,210, New Zealand 4-per-cent. Consols, one year to 1 February, 1920 „ £1,630, Palmerston North Borough 5-per-cent. Debentures, one year to 20 February, 1920 .. „ £6,250, 4-per-cent. Consolidated Stock, one year to 81 December, 1919 „ £1,900, Hauraki Plains Settlement 4-per-cent. Debentures, one year to 1 February, 1920 .. „ £1,000, Local Bodies' Loans 4-per-cent. Debentures, one year to 1 March, 1920 „ £2,420, Patea Borough 4J-per-cent. Debentures, half-year to 1 September, 1919 „ £3,700, Land Laws Amendment 4-per-oent. Debentures, one year to 1 February, 1920 „ £4,740, New Zealand 4J-per-cent. Insoribed Stock, one year to 15 November, 1919 .7 ., £2,800, New Zealand 4J-per-cent. Insoribed Stook, period to 15 November, 1919 .. .. .. .. .. „ £800, Finance Act (1916) 4A-per-cent. Debentures, one year to 1 March, 1920 .. .. .. .. .. „ £700, Appropriation Act (1917) 4-per-cent. Debontures, period to 1 March, 1920 „ £40, Brunner Borough 4-per-oent. Debontures, twenty-one months to 9 August, 1919 .. .. .. 7 . .. Interest, Bank Balance .. .. .. .. .. 118 8 0 35 • 0 0 294 0 0 41 4 0 32 16 0 77 4 0 63 4 0 88 8 0 81 10 0 250 0 0 76 0 0 40 0 0 54 9 0 148 0 0 213 6 0 69 7 10 36 0 0 1 9 3 4 4 0 0 12 2 2,990 4 3 Borough of Brunner: — Interest on Investments, — On £40, Irrigation and Water-supply 4-per-oent. Debentures, half-year to 1 April, 1919 „ £125, Waverley Town Board 5-per-cent. Debentures, half-year to 1 April, 1919 „ £110, Land for Settlements 4-per-cent. Debentures, half-year to 1 May, 1919 „ £40, Appropriation Aot 4-per-cent. Debentures, half-year to* 1 May, 1919 „ £40, General Purposes Loan 4-per-cent. Debentures, half-year to 28 May, 1919 „ £20, Aid to Public Works and Land Sett'ement (1902) 4-per-oent. Debentures, half-year to 1 June, 1919 „ £185, Land for Settlements 4-per-cent. Debentures, half-year to 1 July, 1919 „ £25, Aid to Public Works and Land Settlement (1903) 4-per-cent. Debentures, half-year to 1 July, 1919 .. .. .7 „ £30, Westport Harbour Board 4-per-cent. Debentures, half-year to 1 July, 1919 „ £140, Government Railways Amendment Act 4-per-oent, Debentures, half-year to 1 July, 1919 „ £60, New Zealand 4-per-cent. Insoribed Stock, half-year to 15 May, 1919 .. .. .. .. .. .. „ £35, New Zealand State-guaranteed Advances 4 per-cent. Debentures, half-year to 1 July, 1919 .. „ £70, Government Railways Amendment Act 4-per-oent. Debentures, half-year to 1 August, 1919 .. .. .. .. „ £95, Land for Settlements 4 per-cent. Debentures, half-year to 1 August, 1919 „ £75, Land Laws Amendment 4-per-cent. Debentures, half-year to 1 August, 1919 „ £40, New Zealand State-guaranteed Advances 4-per cent. Debentures, half-year to 1 August, 1919 .. .. .. .. ! „ £45, New Zealand 4-per-cent. Consols, half-jearto 1 August, 1919 .. j „ £100, 4-por-cent. Consolidated Stock, half-year to 30 June, 1919 .. | „ £75, New Zealand 4J-per-cent. Insoribed Stock, period to 15 May, ■ 1919 Securities realized .. .. .. .. .. .. j 0 16 0 3 2 6 2 4 0 0 16 0 0 16 0 0 8 0 3 14 0 0 10 0 0 12 0 2 16 0 1 7 0 i 0 14 0 1 8 0 1 18 0 1 10 0 0 16 0 0 18 0 2 0 0 0 19 3 1,475 0 0 1,502 4 9 Carriod forward .. 21,958 19 3

9

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For the Year ended 31st March, 1920.

2—B. 8.

DISBURSEMENTS. £ s. d. £ s. d, Brought forward .. j 20,395 0 0 j I Borough of Brdnner :— Cheque to Brunner Borough Council Brunner Borough Loan,£1500, redeemed.. 4 13 1 1,500 0 0 Securities realized at par— Appropriation Aot (1912) Debentures New Zealand Inscribed Stook Government Railways Amendment Aot Debentures Irrigation and Water-supply Aot Debentures Land Laws Amendment Aot Debentures Land for Settlements Act Debentures New Zealand Consols Aid to Publio Works Aot Debentures Consolidated Stock Act Debentures General Purposes Loan Act Debentures State-guaranteed Advances Act Debentures Palmerston North Borough Debentures Patea Borough Debentures Waimakariri-Ashley Water-supply Debentures Waverley Town Board Debentures Westport Harbour Board Debentures £ s. d. 40 0 0 135 0 0 210 0 0 40 0 0 75 0 0 390 0 0 45 0 0 45 0 0 100 0 0 40 0 0 75 0 0 45 0 0 00 0 0 20 0 0 125 0 0 30 0 0 £1,475 0 0 Carried forward .. 21,899 13 1 J

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10

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBT SINKING FUNDS.

. RECEIPTS. £ s. d. £ s. d. Brought forward County of Tauranga :— Contribution to Sinking Fund Interest on Investments, — On £20, Irrigation and Water-supply Act 4-per-cent. Debentures, one year to 1 Ootober, 1919 „ £175, Waverley Town Board 5-per-cent. Debentures, one year to 1 Ootober, 1919 „ £110, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1919 „ £70, Appropriation Aot 4-per-oent. Debentures, one year to 1 November, 1919 „ £30, General Purposes 4-per-oent. Debentures, one year to 28 November, 1919 „ £95, Aid to Public Works and Land Settlement (1903) 4-per-oent. Debentures, ono year to 1 January, 1920 .. .. .. j „ £80, Westport Harbour Board 4-por-oont. Debentures, one year to 1 January, 1920 „ £60, New Zealand State-guaranteed Advanoes 4-per-cent. Debentures, one year to 1 January, 1920 „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1920 „ £220, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1920 „ £185, Government Railways Amendment Aot 4-per-oent. Debentures, one year to 1 January, 1920 „ £130, Government Railways Amendment Act 4-per-cent. Debentures, half-year to 1 August, 1919 „ £50, Land for Settlements 4-per-cent. Debentures, half-year to 1 August, 1919 ,, £120, Land Laws Amendment Act (1913) 4-per-cent. Debentures, halfyear to 1 August, 1919 „ £60, New Zealand State-guaranteed Advancos 4-per-oent. Debentures, half-year to 1 August, 1919 .. .. .. „ £30, New Zealand 4-per-cent. Consols, half-year to 1 August, 1919 .. „ £150, 4-per-cent. Consolidated Stook, one year to 31 Deoember, 1919 „ £40, Patea Borough 4A-per-cent. Debentures, half-year to 1 September, 1919 .. 7. .. ... „ £145, New Zealand 4J-per-oent. Insoribed Stook, one year to 15 November, 1919 „ £115, New Zealand 4|-per-oent. Insoribed Stock, period to 15 November, 1919 Securities realized .. Borough of Patea:— Interest on Investments, — On £50, Waverley Town Board 5 per-oent. Debentures, one year to 1 Ootober, 1919 „ £15, Land for Settlements 4-per-oent. Debontures, one year to 1 February, 1920 „ £10, Now Zealand Government Railways 4-per-cent. Debentures, ono year to 1 January, 1920 .. .. .. ,. I „ £45, New Zealand 4J-per-cent. Inscribed Stock, one year to 15 November, 1919 „ £20, New Zealand 4J-per-oen_. Insoribed Stook, period to 15 November, 1919 21,958 19 3 28 2 4 0 16 0 8 15 0 4 8 0 2 16 0 14 0 3 16 0 3 4 0 2 8 0 2 10 0 8 16 0 ' j 7 8 0 2 12 0 10 0 2 8 0 1 4 0 0 12 0 6 0 0 0 13 0 6 10 6 3 2 8 1,935 0 0 , 2,033 10 0 2 1.0 0 0 12 0 0 8 0 2 0 6 0 6 5 j 5 16 11 Town Board of Waverley :— Loan of £13,420 — Contribution to Sinking Fund to 1 October, 1919 Interest on Investments, — On £140, Waverlev Town Board 5-per-cent. Debentures, one year to 1 Ootober, 1919 „ £70, Land for Settlements Amendment 4-per-cent. Debentures, one year to 1 February, 1920 .. ,. .. ., „ £70, Government Railways 4-per-cent. Debentures, one year to 1 February, 1920 „ £230, New Zealand Insoribed Stook, one year to 15 November, 1919 .. .. .. .. .. , £70, New Zealand 4-per-cent. Consols, one year to 1 February, 1920 „ £155, New Zealand 4J-per-oent. Insoribed Stook, period to 15 November, 1919 134 4 0 I 7 0 0 2 16 0 2 16 0 10 7 0 2 16 0 4 4 4 i Loan of £4,780,— Contribution to Sinking Fund to 1 Ootober, 1918 Interest on Investments— On £70, New Zealand 4J-per-cent. Insoribed Stock, one year to 15 November, 3919 „ £30, New Zealand 4-per-oent. Consols, one yoar to 1 February, 1920 „ £50, New Zealand 4J-per-oent. Inscribed Stock, period to 15 November, 1919 .. .. .. .. 164 3 4 47 16 0 3 3 0 14 0 1 6 11 53 9 11 164 3 4 53 9 11 OO 9 11 Total .. £24,215 19 11 £24,215 19 11

B.—B

For the Year ended 31st March, 1920.

3—B. 6.

11

DISBURSEMENTS. £ s. d. £ s. d. £ s. d. Brought forward 21,899 13 1 County of Tauranga :— Investments, — 9 August, 1919. New Zealand Inscribed Stock, due 15 No vember, 1938 Tauranga County Loan, £2,000, redeemed 35 0 0 2,000 0 0 Securites realized at par— £ s. d. New Zealand Consols .. .. .. 30 0 0 Government Railways Aot Debentures .. .. 130 0 0 New Zealand State-guaranteed Advances Debentures 60 0 0 Land for Settlements Aot Debentures .. .. 50 0 0 Land Laws Amendment Act Debentures .. 120 0 0 Patea Borough Debentures .. .. .. 40 0 0 Irrigation and Water-supply Act Debontures .. 20 0 0 Waverley Town Board Debentures .. .. 175 0 0 Land for Settlements Act Debentures .. .. 110 0 0 Appropriation Act Debontures .. .. 70 0 0 New Zealand Inscribed Stock .. .. 260 0 0 General Purposes Loan Aot Debentures .. .. 30 0 0 Consolidated Stook Aot Debontures .. .. 150 0 0 New Zealand Stato-guaranteed Advanoes Aot Debentures .. .. .. .. .. 60 0 0 Government Railways Act Debentures .. .. 165 0 0 Westport Harbour Board Debentures .. .. 80 0 0 Government Railways Aot Debentures .. . . 20 0 0 Land for Settlements Act Debentures .. . . 220 0 0 Aid to Public Works Aot Debentures .. .. 95 0 0 Tauranga County .. .. .. .. 50 0 0 ■ £1,935 0 0 Borough of Patea: — Investments, — June, 1919. New Zealand Insoribed Stock, due 15th November, 1938 Aug., „ New Zealand Inscribed Stook, due 15th November, 1938 io o o 10 0 0 Town Board of Waverley :— Investments, — Loan of £13,420 — June, 1919. New Zealand Inscribed Stock, due 15th November, 1938 Nov., „ Fruit-preserving Industry Act (1913) Debenture, due 1st April, 1924 .. 75 0 0 85 0 0 75 0 0 85 0 0 160 0 0 Loan of £4,780— June, 1919. New Zealand 4£-per-cont. Insoribed Stock, due 15th November, 1938 Nov., „ Fruit-preserving Industry Act (1913) Debenture, due 1st April, 1924 .. 25 0 0 25 0 0 25 0 0 25 0 0 fin n n Balanoe, 31st March, 1920:— Cash in Bank i i 51 0 10 Total .. £24,215 19 11

B.—B.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1920.

12

Loans is respect of which the Funds are held. When 2 Securities. Sceptics . £ redeemable. B Westpi £150,000. £ s. d. 870 0 0 2.210 0 0 2,500 0 0 13,500 0 0 i Westport Harbour Board. lort Harbour Board. £200,000. £500,000. £ s. d. £ s. d. 1,080 0 0 2,860 0 0 1,090 0 0 2,700 0 0 1,200 0 0 3,500 0 0 6.360 0 0 16.420 0 0 Greymouth Borough Town Board of Waverley. ToTALg Harbour of , ■— r Board, Patea. £100.000. £5.000. £13,420. £4,780. ; _ i _ £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 190 0 0 .. .. .. 5,000 0 0 6,000 0 0 800 0 0 .. .. .. : 8,000 0 0 7.800 0 0 65 0 0 385 0 0 120 0 0 44,650 0 0 I _Ve<_ Zealand Government Debentures — ■ % Appropriation Act, 1912 (Irrigation and Water-supply 1 Nov., 1924 4 Account) Finance Act, 1915 .. .. ... .. 15 Dec, 1930 4} 1916 (section 35) .. .. .. 1 Sept., 1930 4J War Purposes Loan Act, 1917. and New Zealand Inscribed 15 Nov., 1938 4J Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 .. .. 20 April, 1939 4-1 Government Railways Amendment Act, 1910 .. i 1 Jan., 1923 4 „ „ .. 1 ., 1925 4 .. ! 1 Feb.. 1922 4 . . 1 Jan.. 1924 4 Hauraki Plains Amendment Act, 1913 .. .. 1 Feb., 1924 4 Hutt Railway and Road Improvement Act, 1907 .. 1 Jan.. 1922 4 1910 .. 1 Feb., 1922 4 Irrigation and Water-supply Act. 1913 .. . . 1 Oct.. 1923 4 .. j 1 „ 1924 4 Kauri -gum Industry Amendment Act, 1914 .. .. 1 Nov., 1924 ; 4 Land Laws Amendment Act. 1913 .. .. .. 1 Feb., 1925 I 4 Land for Settlements Act; 1908 .. .. .. 1 Jan.. 1923 4 . ,. .. .. .. .. 1 Aug.. 1920 4 ■„ ., .. .. ..I Jan.. 1921 4 .. 1 May, 1921 4 „ .. .. .. ..1 Jan.. 1924 4 Local Bodies 7 Loans Act. 191 IS .. .. .. 1 Sept., 1924 4 New Zealand Consols Act, 190S .. .. .. 1 Feb., 1925 4 New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act, 1902 1 Dec, 1922 4 1903 1 Jan.. 1921 4 Consolidated Stock Act. 1884 .. . . .. 31 Dec. 1924 4 Defence and Other Purjioses Loan Act, 1870 .. 1 July, 1922 4 General Purposes Loan Act, 1873 .. .. .. 28 Nov., 1924 4 Immigration and Public Works Loan Act, 1870 .. 15 April, 1920 ih New Zealand State-guaranteed Advances Acts, 1909, 1910— Land for Settlements Branch . . .. . . 1 Jan., 1924 4 ..1 Feb., 1924 4 Maori Land Settlement Act, 1905 ■. 1 Jan., 1923 4 Land for Settlements Act, 1908 .. .. .. 1 „ 1923 4 Appropriation Act, 1917 (section 22) — Cold-storage 1 Mar., 1923 4 Advance Account 1,065 0 0 2,195 0 0 4,000 0 0 1,480 0 0 2,225 0 0 1,000 0 0 830 0 0 2,000 0 0 1,400 0 0 800 0 0 6,025 0 0 5.220 0 0 2,790 0 0 3,925 0 O 4,310 0 0 720 0 0 : 2,000 0 0 3,825 0 0 35 0 0 1.2.50 0 0 1,080 0 0 2,860 0 0 120 0 0 300 0 0 2,515 0 0 6,365 0 0 500 0 0 1,600 0 0 2,500 0 0 1,000 0 0 2,550 0 0 1,000 0 0 210 0 0 400 0 0 2,700 0 0 1,200 0 0 3,000 0 0 75 0 0 75 0 0 195 0 0 300 0 0 1.110 0 0 2,640 0 0 1.900 0 0 180 0 0 210 0 0 2,165 0 0 5,200 0 0 450 0 0 .. .. .. 2,,800 0 0 ! 2,065 0 0 .. .. .. 8,200 0 0 4,000 0 0 1,030 0 0 .. 70 0 0 .. 3,000 0 0 5,285 0 0 10 0 0 .. .. 16,400 0 0 1,900 0 0 .. .. .. 4,000 0 0 500 0 0 .. .. .. 4,000 0 0 820 0 0 .. .. .. 5,200 0 0 1,790 0 0 .. .. .. 5,000 0 0 600 0 0 -. .. .. 5,100 0 0 5.000 0 0 ! 3.700 0 0 . . .. .. 9,800 0 0 3,905 0 0 .. .. .. 9,200 0 o 1,930 0 0 15 0 0 70 0 0 .. 5,300 0 0 3,825 0 0 .. .. .. 11..500 0 0 3,290 0 o .. .. .. 9.500 0 0 390 0 0 .. .. .. 1,980 0 0 1,000 0 0 .. .. .. 3.000 0 0 2.210 0 0 .. 70 0 0 30 0 0 13.500 0 0 1,710 0 0 5,375 0 0 10.190 0 0 1,400 0 0 3,770 0 0 1,600 0 0 360 0 0 25 0 0 3.750 0 0 910 0 0 2,800 0 0 930 0 0 .. .. .. 3,000 0 0 3,350 0 0 .. .. .. ! 12,500 0 0 6,400 0 0 .. . . .. 17.500 0 0 : 500 0 0 .. . . .. 1,900 0 0 3,130 0 0 . . .. .. 9,700 0 0 \ 500 0 0 .. .- .. 2,100 0 o 3,715 0 0 1,380 0 0 50 0 0 1,700 0 0 1.750 0 0 35 0 0 40 0 0 400 0 0 750 0 0 200 0 0 600 0 0 , 1,450 0 0 .. .. .. 5,200 0 0 1,580 0 0 .. .. .. 3,000 0 0 1,200 0 o 1,700 0 0 700 0 0 .. .. .. 3,250 0 0

B.—B

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1920— continued.

13

"When Securities are redeemable. i 1 I § - _i i £150,000. Loans n Westport Harbour Board. £200,000. D. RESPECT O £500,000. OF WI •HICH THE FUN1 Greymouth Harbour Board. £100,000. DS A ..RE HELD. Borough of Patea. £5,000. Town Board of Waverley. £13,420. £4,780. Totals. Loans in respect of which the Funds are held. o 1 ..-„_.. 8 I Slil riilTIFS. When i $ Securities Q Westport Harbour Boan are <g redeemable. ■■_ r, r_ _„.. „„._, ___ rd - Greymouth Borough Town Board of Waverley. lOTAIS Harbour of Board, Patea. 3 £150,000. £200,000. £500,000. £100,000. £5,000. £13,420. £4,780. New Zealand Government Debentures —continued. Fruit -preserving Industry Act, 1913, and the Finance Act, 1918 (seotion 80) Fruit - preserving Industry Act. 1913, and the Finance Act, 1917 (section 80) I I % £ s. d. £ s. d. 1 April, 1924 4 . . 5 0 0 1 „ 1923 j 4 .. 2,000 0 0 £ s. d. : £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ; 120 0 0 ! 265 0 0 .. 85 0 0 , 25 0 0 500.0 0 4,000 0 0 | .. .. .. .. 6,000 0 0 Local Authorities' Debentures — Oxford County Council and Waimakariri-Ashley Watersupply Waverlev Town Board (1) . . (2) Westport Harbour Board . . .. .. Palmerston North Borough Patea Borough 1 Dec, 1940 5J 1,160 0 0 1 April. 1955 5 3,560 0 0 1,670 0 0 1 Oct.. 1956 5 1,960 0 0 385 0 0 1 Jan.. 1949 4 7,540 0 0 20 Aug., 1922 5 2,805 0 0 195 0 0 1 Sept., 1953 4J 2,580 0 0 1,040 0 0 .. .. .. 2,200 0 0 5,000 0 0 3,100 0 0 20 0 0 70 0 0 .. 13,420 0 0 220 0 0 2,115 0 0 30 0 0 70 0 0 .. 4,780 0 0 2,960 0 0 .. .. .. 10.500 0 0 3,180 0 0 1,630 0 0 .. .. .. 7.810 0 0 2,420 0 0 .. .. .. 5.000 0 0 ; . Cash in Bank of New Zealand 117,135 0 0 27,245 0 0 I ' I .. 8 10 7 3 7 10 79,845 0 0 75,550 0 0 4 12 5 19 1 9 79,845 0 0 75,550 0 0 140 0 0 820 0 0 175 0 0 1300.910 0 0 4 12 5 19 1 9 3 3 10 7 9 0 5 1 5 51 6 10 140 0 0 820 0 0 175 0 0 1300.910 0 0 3 3 10 I 7 9 0 5 15 51 6 10 , _ . Totals .. 117,143 10 7 27,248 7 10 ' 79,849 12 79,849 12 5 75,569 1 9 143 3 10 827 9 0 180 1 5 300.961 6 10 5 75.569 1 9 143 3 10 827 9 0 180 1 5 300.961 6 10 . H. A. Lamb, Secretary and Accountant to the Commissioners.

B.—B

STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1920.

STATEMENT of the Expenses incukked during- the Year ended 31st March, 1920. £ s, d. Secretary's salary .. .. .. .. .. .. 50 0 0 Audit fee .. .. .. .. ..220 £52 2 0 H. A. Lamb, Secretary and Accountant to the Commissioners. Examined and found correct, H. M. Naldee, Chief Examiner, Audit Office.

Approximate Cost of Paper. —Preparation, not icivim ; printing (500 copies), £2>i.

By Authority : Marcus F. Makks, Government Printer, Wellington.—l92o.

Price 6d.]

14

Loans. Debentures in Circulation. «°™« When redeemable. Sinking Funds accrued. Westport Harbour Board Loan Westport Harbour Board Loan Westport Harbour Board Loan Greymouth Harbour Board Loan Patea Borough Waverley Town Board Waverley Town Board £ Per Cent. 150,000 1 200,000 1 500,000 1 100,000 1 5,000 _ 13,420 1 4,780 1 1 March, 1925 1945 1 January, 1949 1 March, 1925 1 September, 1953 1 April, 1955 .. 1 October, 1956 £ s. d. 117,143 10 7 27,248 7 10 79,849 12 5 75,569 1 9 143 3 10 .. j 827 9 0 .. | 180 1 5 | £973,200 1 £300,961 6 10