SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1923 Session I-II, B-08

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Session 11. 19-23. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING BYNDS FOR THE YEAR ENDED 31st MARCH, 11(23.

/'resented to both Houses of the General Assembly in compliance with the 51st Section of the New Zealand Loans Act, 190 S.

BEPOET.

Wellington, 2nd August, 1923. The 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, 1923. Nothing in the proceedings of the year has occurred which calls for special remark by the Commissioners. Ghas. E. Stratham, Chairman.

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2

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

RECEIPTS. £ s. d. £ a. d. Balance, 1st April, 1922:— Cash at bank Westport Harbour Board :— Loan of £150,000,Contribution to Sinking Fund for one year to 1 March, 1923, per Treasury Interest on Investments— On £3,400, Irrigation and Water-supply Act 1913 4-per-oent. Debentures, one year to 1 October, 1922 . £5,660, Waverley Town Board 5-per-cent. Debentures, one year to 1 Ooioner, 1922 , £1,600, Immigration and Public Works Loan Aot 1870 4 1 -per-cent. Debentures, one year to 15 October, 1922 .. .. ... , £1,065, New Zealand Insoribed Stook Aot, 1917, 4J per cent., one year to 20 October, 1922 » £870, Appropriation Act 1912 (Irrigation and Water-supply Aooount) Debentures at 4-per-cent., one year to 1 November, 1922 . £800, Kauri-gum Industry Amendment Act 1914 4-per-cent. Debentures, one year to 1 November, 1922 » £690, Kauri gum Industry Amendment Aot 1914 and Appropriation Act 1918 (Seotion 45) 4J-per-oent. Debentures, one year to 1 November, 1922 , £4,310, Land for Settlements Act 1908 4J-per-cent. Debentures, one year to 1 November, 1922 , £13,950, War Purposes Loan Aet, 1917, and New Zealand Insoribed Stook Aot, 1917, 4ft per cent., one year to 15 November, 1922 . £3,770, General Purposes Loan Act 1873 4-per-oent. Debentures, one year to 28 November, 1922 .. , £1,710, Aid to Publio Works and Land Settlement Aot 1902 4-per-oent. Debentures, one year to 1 December, 1922 .. . £1,160 Oxford County 5|-per-cent. Debentures, one year to 1 December, 1922 .. .. .. .. ' , £2,210, Finance Aot 1915 4£-per-eent. Debentures, one year to 15 December, 1922 .. . £10,190, Consolidated Stook Act 1984 4 per-cent. Debentures, one year to 31 December, 1922 , £1,000, Hutt Railway and Road Improvement Aot 1907 4J-per-cent. Debentures, one year to 1 January, 1923 „ £8.420, Government Railways Amendment Aot 1910 4-per-cent. Debentures, one year to 1 January, 1923 . £1,400, Defence and Other Purposes Loan Aot 1870 4-per-cent. Debentures, half-year to 1 July 1922 , £7,640, Land for Settlements Aot 1908 4-per-oent. Debentures, one year to 1 January, 1923 „ £3,925, Land for Settlements Aot 1908 4J-per-cent. Debentures, one year to 1 January, 1923 . £3,715, New Zealand State-guaranteed Advanoes Aots 1909-10 (Land for Settlements Branch) 4-per-cent. Debentures, one year to 1 January, 1923 , £5,375, Aid to Publio Works and Land Settlement Aot 1903 44-per-cent. Debentures, ono yoar to 1 January, 1923 „ £7,540, Westport Harbour Board 4-per-oent. Debentures, one year to 1 January, 1923 , £50, Maori Land Settlement Aot 1905 4-per-cent. Debentures, one year to 1 January, 1923 , £1,000, Housing Act 1919 (Seotion 30) 4J-per-oent. Debentures, 1 year to 1 January, 1923 , £3,700, New Zealand Insoribed Stock Act, 1917, 5 per oent., one year to 15 January, 1923 . £2,305, New Zealand Insoribed Stook Aot, 1917, 5J per cent., period to 15 January, 1928 „ £830, Hutt Railway and Road Improvement Aot 1910 4J-per-oent. Debentures, one year to 1 February, 1923 .. » £1,380, New Zealand State-guaranteed Advanoes Acts 1909-10 (Land for Settlements Branch) 4-per-oont. Debentures, one year to 1 February, 1923 . £1,550, Government Railways Amendment Aot 1910 4J-per-oent. Debentures, one year to 1 February, 1923 .. „ £2,860 Land for Settlements Aot 1908 4J-per-cent. Debentures, one year to 1 February, 1923 , £1,500, Waihou and Ohinemuri Rivers Improvement Act 1910 and Finance Act 1919 (Seotion 6) 4tJ-per-oent. Debentures, one year to 1 February, 1923 „ £1,730, Railways Improvement Authorization Act 1914 4J-per-cent. Debentures, one year to 1 February, 1923 .. , £800, Hauraki Plains Amendment Aot 1913 and Finanoe Aot 1921-22 (Seotion 23) 4J-per-oent. Debentures, period to 1 February, 1923 „ £1,600 Hauraki Plains Amendment Act 1913 and Finanoe Aot 1920 (section 16) 4J per-cent. Debentures, period to 1 February, 1923 .. , £3,895, New Zealand Consols Aot, 1908, 4 per cent., one year to 1 February, 1923 . £6,025, Land Laws Amendment Aot 1913 4-per-oent. Debentures, one year to 1 February, 1923 „ £2,805, Palmerston North Borough 5-per-oent. Debentures, period to 3 November, 1922 .. 1,500 0 0 136 0 0 283 0 0 72 0 0 47 18 6 34 16 0 32 0 0 31 1 0 193 19 0 627 15 0 150 16 0 68 8 0 60 18 0 99 9 0 407 19 0 45 0 0 386 16 0 28 0 0 305 12 0 502 14 3 176 12 6 148 12 0 241 17 6 301 12 0 2 0 0 45 0 0 185 0 0 124 13 11 37 7 0 55 4 0 69 15 0 128 14 0 67 10 0 77 17 0 24 0 4 60 17 1 155 16 0 241 0 0 98 18 10 Carried forward 6,703 7 8 502 14 3 i

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3

For the Year ended 31st March, 1923.

DISBURSEMENTS. £ s. d. £ s. d. Westport Harbour Board :— Loan of £150,000,— Investments— 1922—June 1 Hauraki Plains Amendment Aot 1913 and Finance Aot 1921-22 (Seotion 23) 4j-per-cent. Debentures .. July 28 Rangitaiki Land Drainage Amendment Act 1913 4J-per-oent. Debentures Sept. 4 Discharged Soldiers Settlement Loans Act 1919 (Section 4) 4J-per-oent. Debentures Oct. 17 Discharged Soldiers Settlement Loans Aot 1919 (Seotion 4) 4J-per-oent. Debentures Nov. 6 Discharged Soldiers Settlement Loans Aot 1919 (Section 4) 4J per-cent. Debentures Deo. 1 Discharged Soldiers Settlement Loans Aot 1919 (Seotion 4) Debentures 1923—Jan. 1 Land for Settlements Aot 1908 4£-per-cent. Debentures Jan. 1 Government Railways Amendment Aot 1.910 4J-per-oent. Debentures Jan. 1 Maori Land Settlement Act 1905 4£-per-cent. Debentures Jan. 16 Discharged Soldiers Settlement Loans Act 1919 (Seotion 4) 4J-per-cent. Debentures Mar. 1 Finanoe Aot 1918 (No. 2), Seotion 30 (Cold-storage Advances) 4$-percent. Debentures Mar. 9 Discharged Soldiers Settlement Loans Act 1919 (Seotion 4) 4Jper-oent. Debentures 800 0 0 1,230 0 0 1,400 0 0 275 0 0 3,020 0 0 1 ,710 0 0 6,920 0 0 22,740 0 0 2,195 0 0 50 0 0 1,600 0 0 1,750 0 0 1,790 0 0 Carried forward .. 22,740 0 0

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4

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

RECEIPTS. £ s. d. £ s. d. 502 14 3 Brought forward .. 6,703 7 8 /estport Harbour Board— continued. Loan of £150,000— continued. On £2,500, Finanoe Aot 1916 (Seotion 35) 4J-per-cent. Debentures, one year to 1 Maroh, 1923 „ £2,000, Local Bjdi s' Loans Aot 1908 4 per-cent. Debentures, one year to 1 March, 1923 „ £1,750, Appropriation Aot 1917 (Seotion 22) (Cold Storage Advances Aooount) 4-per-cent. Debentures, one year to 1 March, 1923 „ £2,580, Patea Borough 4J-per-oont. Debentures, one year to 1 Maroh, 1923 » £1,400, Defence and Other Purposes Loans Act 1870 4J-per-oent. Debentures, period to 1 Maroh, 1923 , £2,195, Government Railways Amendment Aot 1910 4J-per-cent Debentures, period to 1 March, 1923 „ £1,230, Hangitaiki Land Drainage Amendment Aot 1913 and Finanoe Aot 1921-22 (Seotion 23) IJ-per-cent. Debentures, period to 1 Maroh, 1923 „ £50, Maori Land Settlement Act 1905 4J-per-cont. Debentures, period to 1 March, 1923 , £6,920, Land for Settlements Aot 1908 4£-per-cent. Debantures, period to 1 March, 1923 „ £8,005, Discharged Soldiers' Settlement Loans Aot 1919 (Seotion 4) 4<}-p«r-cent. Deoentures, period to I March, 1923 Debentures matured and redeemed— Palmerston North Borough 5-per-oent. Aid to Public Works and Land Settlement Aot 1902 4-per-eent. Land for Settlements Act 1908 4-per-cent. Govornmont Railways Amendment Act 1910 4-per-oent. Maori Land Settlement Aot 1905 4-per-oent. Appropriation Act 1917 (Section 22) (Cold Storage Advances Account) 4-per-cent. Bank Interest 112 10 0 80 0 0 70 0 0 116 2 0 42 4 0 15 19 3 82 19 8 0 7 3 50 6 8 106 12 9 2,805 0 0 1,710 0 0 6,920 0 0 2,195 0 0 50 0 0 1,750 0 C 1 1 0 22,761 10 8 Loan of £200,000,— Contribution to Sinking Fund for one year to 1 March, 1923, per Treasury Interest on Investments— On £1,400, Irrigation and Water-supply Act 1913 4-per-oent. Debentures, one year to 1 October, 1922 „ £2,055, Waverley Town Board 5-por-cent. Debentures, one year to 1 October, 1922 „ £2,090, Fruit-preserving Industry Aot 1913 4-per-cont. Debentures, one year to 1 Ootober, 1922 „ £35, New Zealand Inscribed Stock Act, 1917,4*J per cent., ouo year to 20 October, 1922 „ £1,080, Appropriation Act 1912 (Irrigation and Water-supply Aooount) 4-per-cent. Debentures, one year to 1 November, 1922 „ £235, Kauri-gum Industry Amendment Aot 1914 and Appropriation Aot 1918 (Seotion 45) 4J-per-cent. Debentures, one year to 1 November, 1922 „ Kauri-gum Industry Amendment Aot 1914 4-per-oent. Debentures, one year to 1 November, 1922 . £6,360, War Purposes Loan Aot 1917 and New Zealand Insoribed Stock Aot 1917 4J-per-cent., one year to 15 November, 1922 „ £280, Oxford County 5,j;-per-cent. Debentures, period to 1 December, 1922 , £1,090, Fiuanoe Aot 1915 4J-per-cent. Debentures, one year to 15 December, 1922 .. „ £910, Consolidated Stook Act 1884 4-per-cent. Debentures, ono year to 31 December, 1922 .. „ £3,605, Government Railways Amendment Act 1910 4-per-cent. Deoentures, one yoac to 1 January, 1923 „ £255, Land for Settlements Aot 1908 4-per-oent. Debentures, one year to 1 January, 1923 , £1,110, Land for Settlements Act 1908 4J-per-cent. Debentures, one year to 1 January, 1923 „ £35, New Zealand State-guaranteed Advanoes Act 1909-10 (Land for Se tlements Branoh) 4-per-cent. Debentures, one year to 1 January, 1923 „ £25, Aid to Publio Works and Land Settlement Act 1903 4J-per-cent. Debentures, one year to 1 January, 1923 , £1,250, Westport Harbour Board 4-per-oent. Debentures, period to 1 January, 1923 „ £400, Maori Land Settlement Act 1905 4-per-oent. Debentures, one year to 1 January, 1923 » £155, Housing Act 1919 (Section 30) 4J-per-cent. Debentures, one year to 1 January, 1923 , £1,930, New Zoaland Insoribed Stook Act, 1917, 5 per oent., one year to 15 January, 1923 .. „ £440, New Zealand Insoribed Stook Aot, 1917, 5$ per oent., poriod to 15 January, 1923 „ £1,000, Hutt Railway and Road Improvement Act 1910 4$-per-cent. Debentures, one year to 1 February, 1923 2,000 0 0 56 0 0 102 15 0 83 12 0 1 11 6 48 4 0 10 11 6 48 0 0 280 4 0 10 2 49 1 0 36 8 0 144 4 0 10 4 0 49 19 0 1 8 0 1 2 6 15 17 9 16 0 0 6 19 6 96 10 0 23 17 1 45 0. 0 Carried forward 3,129 9 0 23,264 4 6

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For the Year ended 31st March, 1923.

DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. 22,740 0 0 Westport Harbour Board— continued. Loan of £200,000,— Investments— 1922—June 1 Hauraki Plains Amendment Act 1913 and Finanoe Aot 1921-22 (Section 23) 4j-per-cent. Debentures .. 300 0 0 Purchases from Greymouth Fund— 1922—July 28 Patea Borough Debentures, 4<J per cent. Sept. 4 Westport Harbour Board Debentures, 4 per oent. Oct. 17 Westport Harbour Board Debentures, 4 per cent. Oct. 17 Waverley Town Board Debentures, 5 per oent. Nov. 6 Oxford County Debentures, 5J per cent. 1923—Jan. 1 Land for Settlements Act 1908 Debentures, 4£ per oent. Jan. 16 Hauraki Plains Amendment Act, 1913, 4| per cent. .. Mar. 1 Hutt Railway and Road Improvement Act, 1910, 4J per cent. Mar, 9 Land for Settlements Act, 1908, 4$ per cent. Mar, 9 Waihou and Ohinemuri Rivers Improvement Act, 1910, ■I.J per oent. 220 0 0 1,200 0 0 50 0 0 40 0 0 280 0 0 1,555 0 0 350 0 0 200 0 0 210 0 0 1,000 0 0 5,405 0 0 Carried forward 28,145 0

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6

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

RECEIPTS. £ s. d. £ s. d. Brought forward .. 3,129 9 0 23,264 4 6 /ESTroRT Harbour Board— continued. Loan of £200,000 — continued. Interest on Investments— continued. On £240, New Zealand State-guaranteed Advances Acts 1909-10 (Land for Settlements Branch) 4-per-cent. Debentures, one year to 1 February, 1923 , £120, Government Railways Amendment Act 1910 4J-per-cent. Debentures, one year to 1 February, 1923 .. „ £210, Land for Settlements Aot 1908 4J-per-cent. Debentures, one year 1 February, 1923 , £2,165, Railways Improvement Authorization Act 1914 4J-per-cent. Debentures, one year to 1 February, 1923.. „ £500, Hauraki Plains Amendment Act 1913 4-per-ce<it. Debentures, one year to 1 February, 1923 „ £300, Hauraki Plains Amendment Act 1913 and Finance Act 1921-22 (Section 23) 4J-por-cent. Debentures, period to 1 February, 1923 „ £1,550, Hauraki Plains Amendment Act 1913 and Finanoe Aot 1920 (Section 16) 4J-per-eent. Debentures, period to 1 February, 1923 » £2,165, New Zealand Consols Act, 1908, 4 per cent., one year to 1 February, 1923 „ £75, Laud Laws Amendment Act 1913 4-per-cont. Debentures, one year to 1 February, 1923 „ £195, Palmerston North Borough 5-per-oent. Debentures, period to 3 November, 1922 , £1,200, Finanoe Act 1916 (Section 35) 4J-per-eent. Debentures, one year to 1 Maroh, 1923 „ £200, Appropriation Act 1917 (Section 22) (Cold Storage Advances Account) 4-per-cent. Debentures, one year to 1 March, 1923 „ £220, Patea Borough 4iJ-per-oent. Debentures, period to 1 Maroh, 1923 Debentures matured and redeemed— Palmerston North Borough 5-per-cent. Government Railways Amendment Act 1910 4-per-cent. Land for Settlements Act 1908 4-per-cent. Maori Laud Settlement Aot 1905 4-per-cent. Appropriation Aot 1917 (Section 22) (Cold Storage Advanoos Account) 4-per-cent. Bank Interest 9 12 0 5 8 0 9 9 0 97 8 6 20 0 0 9 0 1 45 6 7 80 12 0 3 0 0 6 17 7 54 0 0 8 0 0 5 17 3 195 0 0 1,080 0 0 75 0 0 400 0 0 200 0 0 0 4 3 5,441 4 3 x Loan of £500,000,— Contribution to Sinking Fund for one year to 1 Maroh, 1923, per TreasuryInterest on Investments— On £2,910, Irrigation and Water-supply Act 1913 4-per-cent. Debentures, ono year to 1 October, 1922 „ £5,270, Waverley Town Board 5-per-oent. Debentures, one year to 1 October, 1922 » £4,120, Fruit-preserving Industry Act 1913 4-per-cent. Debentures, one year to 1 Ootober, 1922 . £1,250, New Zealand Inscribed Stock Act 1917 one year to 20 Ootober, 1922 . £2,860, Appropriation Aot 1912 (Irrigation and Water-supply Account) 4-per-cent. Debentures, one year to 1 November, 1922 .. „ £3,000, Kauri-gum Industry Amendment Aot 1914 4-per-cent. Debentures, one year to 1 November, 1922 „ £675, Kauri-gum Industry Amendment Act 1914 and Appropriation Act 1918 (Section 45) 4J-per-cent. Debentures, one year to 1 November, 1922 „ £1,900, Land for Settlements Act 1908 4J-per-oent. Debentures, one year to 1 November, 1922 „ £16,420, War Purposes Loan Aot 1917 and' New Zealand Insoribed Stock Aot 1917 4<}-per-cent., one year to 15 November, 1922 „ £2,800, General Purposes Loan Aot 1873 4-per-cent. Debentures, one year to 28 November, 1922 . £360, Aid to Public Works and Land Settlement Aot 1902 4-per-oent. Debentures, one year to 1 December, 1922 .. » £760, Oxford County 5J-per-cent. Debentures, period to 1 December, 1922 „ £2,700, Finance Act 1915 4J-per-cent. Debentures, one year to 15 Deoember, 1922 .. „ £2,500, Hutt Railway and Road Improvement Aot 1907 4J-per-oent. Debentures, one year to 1 January, 1923 „ £9,225, Government Railways Amendment Act 1910 4-per-cent. Debentures, one year to 1 January, 1923 „ £210, Land for Settlements Aot 1908 4-per-cent. Debentures, one year to 1 January, 1923 5,000 0 0 116 8 0 263 10 0. 164 16 0 56 5 0 114 8 0 120 0 0 30 7 6 85 10 0 738 18 0 112 0 0 14 8 0 1 8 9 121 10 0 112 10 0 369 0 0 8 8 0 Carried forward 7,429 7 3 28,705 8 9

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7

For the Year ended 31st March, 1923.

DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. 28,145 0 0 Westport Harbour Board — continued. Loan of £500,000,— Investments, — 1922—June 1. Hauraki Plains Amendment Act 1913 and Finanoe Aots 1921-22 (Seotion 23) it\ per-cent. Debentures Purchases from Greymou'h Fond, — July 28. Patea Borough Debentures, 4J per oent. .. Sept. 4. Patea Borough Debentures, 4$ per cent. Sept. 4. Westport Harbour Board Debentures, 4 per oent. Oot. 17. Westport Hvrbour Board Debentures, 4 per cent. Nov. 6. Waverlev Town Board Debentures, 5 per cent. Nov. 6. Oxford County Debentues, 5J per oent. Deo. 1. Oxford County Debentures, 5j per cent. 1923 —Jan. 1. Waverley Town Board (No. 2) Debentures, 5 per cent. Jan. 1. Land for Settlements Aot 1908 Debentures, 4J per cent. Jan. 16. Land for Settlements Act 1908 Debentures, 4J per oent. Jan. 16. Hauraki Plains Amendment Act 1913 Debantures, 4J per cent. Mar. 1. Hutt Railway and Road Improvement Act 1910 Debentures, per cent. Mar. 9. Hutt Railway and Road Improvement Act 1910 Debentures, 4J per cent. .. Mar. 9. Land for Settlements Aot 1908 Debentures, 4J per oent. 1,000 0 0 650 0 0 1,550 0 0 1,450 0 0 260 0 0 3,100 0 0 400 0 0 360 0 0 2,075 0 0 1,535 0 0 735 0 0 350 0 0 600 0 0 20 0 0 3,080 0 0 17,165 0 0 Carried forward 45,310 0 0

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

RECEIPTS. £ s. d. £ s. d. Brought forward 7,429 7 3 28,705 8 9 Westport Harbour Board— continued. Loan of £500,000 — continued. Interest on Investments— continued. On £2,640, Land for Settlements Act 1908 4J-per-cent. Debentures, one year to 1 January, 1923 „ £800, New Zealand State-guaranteed Advances Act 1909-10 (Land for Settlements Branch) 4-por-cent. Debentures, one year to 1 January, 1923 . £3,750, Aid to Public Works and Land Settlement Act 1903 4J-per-oent. Debentures, one year to 1 January, 1923 „ £1,710, Westport Harbour Board 4-per-cent. Debentures, period to 1 January, 1923 „ £750, Maori Land Settlement Aot 1905 4-per-cent. Debentures, one year to 1 January, 1923 .. .. .. ■ .. » £545, Housing Act 1919 (Section 30) 4iJ-per-oent. Debentures, one yoar to 1 January, 1923 » £4,830, New Zealand Inscribed Stock Act, 1917, 5 per cent., one year to 15 January, 1923 „ £1,935, New Zealand Insoribed Stock Act, 1917, 5J per oent., period to 15 January, 1923 .. „ £2.550, Hutt Railway and Road Improvement Aot 1910 4J-per-cent. D-bentures, one year to 1 February, 1923 , £300, Government Railways Amendment Aot 1910 4J-per-cent. Debentures, one year to 1 February, 1923 .. , £300, Land for Settlements Aot 1908 4J-per-cont. Debentures, one year to 1 February, 1923 „ £5,200, Railways Improvement Authorization Act 1914 4J-per-cent. Debentures, one year to 1 February, 1923 » £1,600, Hauraki Plains Amendment Act 1913 4-per-oent. Debentures, one year to 1 February, 1923 „ £1,000, Hauraki Plains Amendment Act 1913 and Finanoe Aot 1921-22 (Section 23) 4J-per-oent., period to 1 February, 1923 „ £3,350, Hauraki Plains Amendment Aot 1913 and Finance Act 1920 (Section 16) 4iJ-per-cent. Debentures, period to 1 February, 1923 „ £5,200, New Zealand Consols Act, 1908, 4 per cent., one year to 1 February, 1923 „ £3,180, Palmerston North Borough G-por-oent. Debentures, period to 3 November, 1922 .. » £3,500, Finance Aot 1916 (Seotion 35) 4J-per-cent. Debentures, one year to 1 March, 1923.. . £600, Appropriation Aot 1917 (Seotion 22) (Cold Storage Advanoes Aooount) 4-per-eent. Debentures, one year to 1 March, 1923 . £2,200, Patea Borough 4Jper-cent. Debentures, period to 1 March, 1923 118 16 0 32 0 0 168 15 0 20 16 7 30 0 0 24 10 6 241 10 0 104 6 11 114 15 0 13 10 0 13 10 0 234 0 0 61 0 0 30 0 5 114 15 8 2t)8 0 0 112 3 5 157 10 0 24 0 0 51 12 0 Debentures matured and redeemed, — Aid to Public Works and Land Settlement Aot 1902 4-por-cent. Government Railways Amendment Aot 1910 4-per-oent. Maori Land Settlement Aot 1905 4-per-oent. Appropriation Act 1917 (Section 22) (Cold Storage Advances Account) 4-per cent. Palmerston North Borough 5-per-cent. Bank interest 300 0 0 2,860 0 0 750 0 0 600 0 0 3,180 0 0 0 13 0 17,058 11 9 Greymouth Harbour Board :— Loan of £100,000,— Contribution to Sinking Fund, 1 year to 1 March, 1923 Interest on Investments — On £2,390, Irrigation and Water-supply Aot 1913 4-per-cent. Debentures, one year to 1 Ootober, 1922 „ £5,215, Waverley Town Board 5-per-cent. Debentures, one year to 1 October, 1922 „ £290, Fruit-preserving Industry Act 1913 4-per-oent. Debentures, one year to 1 Ootober, 1922 » £500, Immigration and Publio Works Loan Aot 1870 4J-per-oent. Debentures, one year to 15 October, 1922 „ £450, New Zealand Inscribed Stock Act 1917 4J-per-oetit., one year to 20 October, 1922 , £190, Appropriation Act 1912 (Irrigation and Water-supply Account) 4-per-cent. Debentures, one year to 1 November, 1922 , £3,900, Kauri-gum Industry Amendment Act 1914 and Appropriation Aot 1918 (Section 45) 4J-per-eent. Debentures, one year to 1 November, 1922 , £3,290, Land for Settlements Aot 1908 4iJ-per-cent. Debentures, one year to 1 November, 1922 , £7,920, War Purposes Loan Act, 1917, and New Zealand Inscribed Stock Aot, 1917, 4J per cent., one year to 15 November, 1922 „ £3,130, General Purposes Loan Aot 1873 4-per-oent. Debentures, one vear to 28 November, 1922 . £930, Aid to Publio Works and Land Settlement Aot 1902 4-per-oent. Debentures, one year to 1 Deoember, 1922 „ £1,040, Oxford County 5J-per-cent. Debentures, period to 1 December, 1922 „ £6,400, Consolidated Stock Act 1884 4-per-oent. Debentures, one year to 31 Deoember, 1922 „ £500, Hutt Railway and Road Improvement Aot 1907 4J-per-oent. Debentures, one year to 1 January, 1923 1,000 0 0 95 12 0 260 15 0 11 12 0 22 10 0 20 5 0 7 12 0 175 10 0 148 1 0 350 8 0 125 4 0 37 4 0 52 3 1 256 0 0 22 10 0 Carried forward 2,591 0 0 45,764 0 6

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For the Year ended 31st March, 1923.

2—B. 8.

9

£ s. d. £ s. d. DISBURSEMENTS. Brought forward 45,310 0 0 Greymouth Harbour Board: — Loan of £100,000, — Investments — 1922—June 1. Hauraki Plains Amendment Act 1913 and Finance Aot 1921-22 (Seotion 23) 4J-per-cent. Debentures July 28. Rangitaiki Land Drainage Amendment Act 1913 4i-pei-cent. Debentures Sopt. 4. Discharged Soldiers Settlement Loans Aot 1919 (Seotion 4) 4iJ-per-cent. Debentures Oct. 17. Discharged Soldiers Settlement Loans Aot 1919 (Section 4) 4J-per-oent. Debentures Nov. 6. Discharged Soldiers Settlement Loans Act 1919 (Seotion 4) 4J-per-cent. Debentures Dec. 1. Discharged Soldiers Settlement Loans Act 1919 (Seetioi 4) 4J-per-cent. Debentures 1923—Jan. 1. Government Railways Amendment Act 1910 44-per-cent. Debentures Jan. 1. Land for Settlements Act 1908 4*}-per-cent. Debentures Jan. 1. Maori Land Settlement Aot 1905 4J-per-cent. Debentures Jan. 16. Discharged Soldiers Settlement Loans Aot 1919 (Section 4) 4J-per-oent. Debentures Mar. 1. Finanoe Aot 1918 No. 2 (Seotion 30), (Cold Storage Advanoes Account), 4J-per-oent. Debentures Mar. 9. Discharged Soldiers Settlement Loans Act 1919 (Section 4) 4J-per-oent. Debentures 900 0 0 1,670 0 0 4,600 0 0 1,025 0 0 35,810 0 0 5,680 0 0 1,290 0 0 6,005 0 0 3,980 0 0 1,150 0 0 2,400 0 0 1,500 0 0 5,610 0 0 Carried forward 81,120 0 0

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10

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

RECEIPTS. £ s. d. £ s. d. .... Brought forward 2,591 6 1 45,704 0 6 ■ reymouth Harbour Boakd— continued. Loan of £100,000 — continued. Interest on Investments— continued. On £7,350, Govornmant Railways Amendment Act, 1910, 4-por-cent Debentures, ono year to 1 January, 1923 „ £500, Defence and Other Purposes Loan Act 1870 4-per-cont. Debentures, half-year to 1 July, 1922 .. „ £4,295, Land for Settlements Act 1908 4-per cent. Debentures, one year to 1 January, 1923 „ £3,825, Land for Settlements Aot 1908 4J-per-cent. Debentures, ono year to 1 January, 1923 .. .. .. .. „ £1,450, New Zealand State-guaranteed Advances Act 1909-10 (Land for Settlements Branch) 4-per cent. Debentures, one year to 1 January, 1923 . £3,350, Aid to Publio Works and Land Settlement Aot 1903 4J-per-cent. Debentures, one year to 1 January, 1923 „ £2,960, Westport Harbour Board 4-per-cent. Debentures, period to 1 January, 1923 „ £700, Housing Act 1919 (Section 30) 4i-per-cent. Debentures, one year to 1 January, 1923 „ £2,190, New Zealand Inscribed Stock Act, 1917, 5 per cent., one year to 15 January, 1923 .. .. .. .. .. i » £2,170, New Zealand Insoribed Stock Act, 1917, 5J per oent., period to 15 January, 1923 , £820, Hutt Railway and Road Improvement Act 1910 4J-per-cent. Debentures, ono year to 1 February, 1923 .. „ £1,580, New Zealand State-guaranteod Advances Acts 1909-10 (Land for Settlements Branoh) 4-per-eent. Debentures, one year to 1 February, 1923 » £1,030, Government Railways Amendment Act 1910 4J-por-cent. Debentures, one year to 1 February, 1923 .. „ £1,930, Land for Settlements Act 1908 4J-per-cent. Debentures, one year to 1 February, 1923 „ £1,000, Waihou and Ohinemuri Rivers Improvement Aot 1910 and Finanoe Aot 1919 (Section 6) 4J-per-oent. Debentures, one year to 1 February, 1923 .. .. .. .. .. „ £105, Railways Improvement Authorization Aot 1914 4£-por-cent. Debentures, one year to 1st February, 1923 .. , £1,900, Hauraki Plains Amendment Act 1913 4-per-oent. Debentures, one year to 1 February, 1923 „ £900, Hauraki Plains Amendment Aot 1913 and Finanoe Act 1921-22 (Seotion 23) 4iJ-per-cent. Debentures, period to 1 February, 1923 .. „ £700, Hauraki Plains Amendment Act 1913 and Finanoe Aot 1920 (Section 16) 4J-per-cent. Debentures, period to 1 February, 1923 .. „ £2,240, New Zealand Consols Aot, 1908, 4 per cent., ono year to 1 February, 1923 „ £3,700, Land Laws Amendment Aot 1913 4-per-cent. Debentures, one year to 1 February, 1923 „ £1,630, Palmerston North Borough 5-per-cent. Debentures, poriod to 3 November, 1922 „ £800, Finance Act 1916 (Seotion 35) 4i-per-cent. Debentures, one year to 1 Maroh, 1923 „ £1,000, Looal Bodies' Loans Act 1908 4-per-cent. Debentures, one year to 1 Maroh, 1923.. „ £700, Appropriation Act 1917 (Seotion 22) (Cold-storage Advanoes Aooount) 4-per-cent. Debentures, one year to 1 March, 1923 , £2,420, Patea Borough Debentures, period to 1 March, 1923 . £500, Defence and Other Purposes Loan Aot 1870 4J-per-cent. Debentures, poriod to 1 March, 1923 , £6,005, Government Railways Amendment Act 1910 4i}-per-oent. Debentures, period to 1 Maroh, 1923 „ £1,670, Rangitaiki Land Drainage Amendment Act 1913 and Finance Aot 1921-22 (Section 23) 4J-per-cent. Debentures, period to 1 March, 1923 .. » £1,150, Maori Land Settlement Act 1905 4J-per-cent. Debentures, period to 1 March, 1923 , £3,980 Land for Settlements Act 1908 4J-per-cent. Debentures, period to 1 Maroh, 1923 „ £14,995, Disoharged Soldiers' Settlement Loans Act 1919 (Section 4) 4J-per-cent. Debentures, period to 1 March, 1923 Debentures maturod and redeemed, — Land for Settlements Aot 1908 4-per-cent. Palmerston North Borough 5-per cent. Aid to Public Works and Land Settlement Act 1902, 4-per-cent. Government Railways Amendment Act 1910, 4-per-cent. Appropriation Aot 1917 (Cold-storage Advances Account) 4-per-oent. .. Debentures sold to Westport Funds, — Waihou and Ohinemuri Rivors Improvement Aot 1910 4J-per-cont. Patea Borough 41,-per-cent. Westport Harbour Board 4-per-cent. .. Waverley Town Board (1) 5-per cent. Waverley Town Board (2) 5-per-oent. Land for Settlements Aot 1908 4J-per-oent. Oxford County Debentures, 5J per oent. Hauraki Plains Amondment Aot 1913 4£-per-cent. Hutt Railway and Road Improvement Aot 1910 4J-per-cent. Bank Interest 294 0 0 10 0 0 171 16 0 172 2 6 58 0 0 150 15 0 81 13 8 31 10 0 109 10 0 117 15 9 36 18 0 63 4 0 46 7 0 86 17 0 45 0 0 4 14 6 76 0 0 27 0 5 25 5 1 89 12 0 148 0 0 57 10 0 36 0 0 40 0 0 28 0 0 51 8 9 15 1 5 43 13 8 44 15 7 8 7 4 28 19 0 227 15 1 3,905 0 0 1,630 0 0 930 0 0 2,065 0 0 700 0 0 1,000 0 0 2,420 0 0 2,960 0 0 3,100 0 0 2,115 0 0 7,115 0 0 1,040 0 0 700 0 0 820 0 0 18 0 35,520 5 10 Total .. £81,284 8 4

11

B.—B

For the Year ended 31st March, 1923.

3—B. 8.

DISBURSEMENTS. £ i s. d. ' £ s. d. Brought forward .. 81,120 0 0 lalance, 31st March, 1923,— Cash in Bank i 81,120 0 0 164 6 4 Total .. £81,284 6 4

B.—B,

12

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1923.

Securities. Dtfcuinies iioiumu, „uaiu. TOTALS are •- ' Harbour redeemable. ° ' Board, ■§ £150,000. £200,000. £500,000. £100,000. When Securities are redeemable. S o "3 Loans w £150,000. 1st March, 1925. Loans is respect of which the Funds are held. Westport Harbour Board. Greymouth Harbour Board, 00. £200.000. £500,000. £100,000. 1,1925. 1945. 1949. 1st March, 1925. Totals. r% 1st March, 1925. * 1945. ' 1949.' 1st March, 1925. i j ' I '__ few Zealand Government Debentures — Aid to Public Works and Land Settlement Act, 1903 Appropriation Act, 1912 (Irrigation and Water-supply Account) Consolidated Stock Act, 1884 Defence and other Purposes Loan Act, 1870 Discharged Soldiers Settlement Loans Act, 1919 (Seotion 4) Finance Act. 1915 (Section 105) 1916 (Section 35) „ 1918, No. 2 (Section 20), (Cold Storage Advances Account) Fruit-preserving Industry Act, 1913, and the Finance Act, 1917 (Section 80) 1917 General Purposes Loan Act, 1873 Government Railways Amendment Act, 1910 Hauraki Plains Amendment Act, 1913.. Hauraki Plains Amendment Act, 1913, and Finance Act, 1920 (Section 16) Hauraki Plains Amendment Act, 1913, and Finance Act, 1921-22 (Section 23) Housing Act, 1919 (Section 30) Hutt Railway and Road Improvement Act, 1907 1910 Immigration and Public Works Loan Act, 1870 Irrigation and Water-supply Act, 1913 Kauri-gum Industry Amendment Act, 1914 Kauri Gum Industry Amendment Act. 1914, and Appropriation Act, 1918 (Section 45) Land Laws Amendment Act, 1913 Land for Settlements Act, 1908 Local Bodies' Loans Act, 1908 Maori Land Settlement Act, 1905 % £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. I Jan., 1926 4J 5,375 0 0 25 0 0 3,750 0 0 3,350 0 0 12,500 0 0 1 Nov.. 1924 4 870 0 0 1,080 0 0 2,860 0 0 190 0 0 5,000 0 0 31 Dec, 1924 4 10,190 0 0 910 0 0 .. 6,400 0 0 17,500 0 0 1 Mar., 1925 4J 1,400 0 0 .. .. 500 0 0 1,900 0 0 1 „ 1925 H 9,795 0 0 .. .. 20,605 0 0 SO. 400 0 0 15 Dec, 1930 4J 2,210 0 0 1,090 0 0 2,700 0 0 .. 0,000 0 0* 1 Sept., 1930 ! 4£ 2,500 0 0 1,200 0 0 3,500 0 0 800 0 0 8,000 0 0* 1 Mar., 1925 1,750 0 0 .. .. 1,500 0 0 3,250 0 0 1 April, 1923 4 .. 2,000 0 0 4,000 0 0 .. 6,000 0 0 1 „ 1924 4 .. 90 0 0 120 0 0 290 0 0 500 0 0 28 Nov., 1924 . 4 3,770 0 0 .. 2,800 0 0 3,130 0 0 9,700 0 0 1 Mar., 1925 4' 2,195 0 0 .. .. 6.005 0 0 8,200 0 0 1 Jan., 1925 4 4,000 0 0 .. .. .. 4,000 0 0 1 Feb., 1929 4| 1,550 0 0 120 0 0 300 0 0 1,030 0 0 3,000 0 0 1 Jan., 1924 4 2,225 0 0 2,525 0 0 6,365 0 0 5,285 0 0 16,400 0 0 1 Feb., 1924 4 .. 500 0 0 1,600 0 0 1,900 0 0 4,000 0 0 1 Aug., 1928 4J 1,600 0 0 1.5E0 0 0 3,350 0 0 .. 6,500 0 0 1 ,. 1928 4.1 800 0 0 J00 0 0 1,000 0 0 POO 0 0 3,000 0 0 1 July, 1926 4J 1,000 0 0 155 0 0 545 0 0 700 0 0 2,400 0 0 1 Jan., 1929 4| 1,000 0 0 .. 2,500 0 0 500 0 0 4,000 0 0 1 Feb., 1929 4§ 830 0 0 1,200 0 0 3,170 0 0 .. 5,200 0 0 15 April, 1925 4J 1,600 0 0 .. .. 500 0 0 2,100 0 0 1 Oct., 1923 4 2,000 0 0 1,000 0 0 210 0 0 1,790 0 0 5,000 0 0 1 „ 1924 j 4 1,400 0 0 400 0 0 2,700 0 0 600 0 0 5,100 0 0 1 Nov., 1924 4 800 0 0 1,200 0 0 3,000 0 0 .. 5,000 0 0 1 ., 1926 4} 690 0 0 235 0 0 675 0 0 3,900 0 0 5,500 0 0 1 Feb.. 1925 4 6,025 0 0 75 0 0 .. 3,700 0 0 9,800 0 0 1 Mar., 1925 41 6,920 0 0 .. .. 3,980 0 0 10,900 0 0 1 Aug., 1925 4| 2,860 0 0 210 0 0 300 0 0 1,930 0 0 5,300 0 0 1 Jan., 1926 4} 3,925 0 0 2,665 0 0 4,910 0 0 .. 11,500 0 0 1 May, 1926 Ai 4,310 0 0 210 0 0 4,980 0 0 .. 9,500 0 0 1 Jan., 1924 4 720 0 0 180 0 0 210 0 0 390 0 0 1,500 0 0 1 Sept., 1924 4 2,000 0 0 .. .. 1,000 0 0 3,000 0 0 1 Mar., 1925 I 4J 50 0 0 .. .. 1,150 0 0 1,200 0 0 * Free of Income-tax.

13

B.—B

J. H. Fowlek, Secretary and Accountant to the Commissioners.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1923— continued.

When Securities. Securities redeemable. Securities. tt ■a Westport Harbour Board. Loans in hbspect of which the Funds are held. Greymouth Harbour Board, £100,000. 1st March, 1925. Totals. £150,000. £200.000. £500.000. let March, 1925. 1945. 1949. New Zealand Government Debentures— continued. New Zealand Consols Act, 1908 .. .. .. .. .. .. .. t 1 Feb., 1925 Xew Zealand Inscribed Stock Act, 1917, and Discharged Soldieis Settlement Loans Act, ' 15 Jan., 1933 1917-20 New Zealand Inscribed Stock Act, 1917, and Electric Power Works Loan Act, 1919 .. 15 July, 1930 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1918 (Section 10) .. .. 20 April, 1939 New Zealand Inscribed Stock Act, 1917, and War Purposes Loan Act, 1917 .. 15 Nov., 1938 New Zealand State-guaranteed Advances Acts, 1909, 1910 — Land for Settlements Branch .. .. .. .. .. .. .. 1 Jan., 1924 ..1 Feb., 1924 Railways Improvement Authorization Act, 1914 .. .. .. .. .. 1 Feb., 1926 Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22 (Section 23) .. 1 Mar., 1925 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919 (Section 6) .. 1 Aug., 1925 o/ /o 4 5 £ B. d. £ s. d. 3,895 0 0 2,165 0 0 2,305 0 0 440 0 0 3,700 0 0 1,930 0 0 1,065 0 0 35 0 0 13,950 0 0 6,360 0 0 £ s. d. 5,200 0 0 1,935 0 0 4,830 0 0 1,250 0 0 16,420 0 0 £ s. d. £ •. d. 2,240 0 0 13,500 0 0 2,170 0 0 6,850 0 0 2,190 0 0 12,650 0 0 450 0 0 2,800 0 0* 7,920 0 0 44,650 0 0* 4 4 H 3,715 0 0 35 0 0 1,380 0 0 240 0 0 1,730 0 0' 2,165 0 0 1,230 0 0 ; 1,500 0 0 1,000 0 0 800 0 0 1,450 0 0 6,000 0 0 1,580 0 0 3,200 0 0 105 0 0 9,200 0 0 1,670 0 0 2,900 0 0 2,500 0 0 - 5,200 0 0 Local Authorities' Debentures — Oxford County Council .. .. .. .. .. .. .. .. 1 Dec, 1940 Waverley Town Board (1) .. .. .. .. .. .. .. .. 1 April, 1955 (2) .. .. .. .. .. .. .. ..1 Oct., 1956 Westport Harbour Board .. .. .. .. .. .. .. .. 1 Jan., 1949 Patea Borough .. .. .. .. .. .. .. .. .. 1 Sept., 1953 5 5 4 1,160 0 0 280 0 0 3,630 0 0 1,670 0 0 2,030 0 0 425 0 0 7,540 0 0 1,250 0 0 2,580 0 0 220 0 0 760 0 0 8,120 0 0 2,325 0 0 1,710 0 0 2,200 0 0 2,200 0 0 13,420 0 0 4,780 0 0 10,500 0 0 5,000 0 0 Cash in Bank of New Zealand .. .. .. .. .. .. .. .. 137,770 0 0 ; 37,135 0 0 43 10 6 : 48 15 8 106,295 0 0 39 13 2 91,SO0 0 0 373,000 0 0 32 7 0 164 6 4 Totals .. 1137,813 10 6 37,183 15 8 106,334 13 2 91,832 7 0 373,164 6 4 I * Free of Income-tax.

B.—B,

14

STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1923.

STATEMENT of the Expenses incukked during the Year ended 31st March, 1923. £ s. d. Aoting-Seoretary's salary—Balance, 1921-1922 .. .. .. .. 12 10 0 J. H. FOWLER, Secretary and Accountant to the Commissioners. Examined and found correct. H. M. Naldek, Chief Examiner, Audit Office.

Approximate Cost of Paper. —Preparation, not given ; printing (475 copies), £21.

By Authority : W. A. G. Skinnkk, Government Printer, Wellington.—l 923.

Price 6d.

Loans. Debentures in Circulation. Kate of Sinking Fund. When redeemable. Sinking Funds accrued. Westport Harbour Board Loan Westport Harbour Board Loan Westport Harbour Board Loan Greymouth Harbour Board Loan £ 150,000 200,000 500,000 100,000 Per Oent. 1 1 1 1 1 March, 1925 15 February, 1945 1 January, 1949 1 March, 1925 £ s. d. .. * 137,813 10 6 37,183 15 8 .. ; 106,334 13 2 .. ] 91,832 7 0 £950,000 £373,164 6 4