SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1925 Session I, B-08

B.—B.

1925. NEW ZEALAND

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1925.

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

REPORT. Wellington, 10th August, 1925. 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, 1925. The Westport Harbour Loan (£150,000) and Greymouth Harbour Board Loan (£100,000) matured on the Ist March, 1925, and the debentures were in due course redeemed in London. As anticipated last year, the funds in the hands of the Commissioners were more than sufficient to meet the liability. The position of the exchange between London and New Zealand enabled the Commissioners to obtain a substantial premium of £2 per cent, on the remittance to London, with the satisfactory result that the surplus of Westport Harbour Loan (£150,000) amounted to £6,662 18s. 4d., and of Greymouth Harbour Board Loan (£100,000) to £4,855 9s. 6d. Of the latter surplus £4,600 was handed over to the Treasury in reduction of the Harbour Board's indebtedness to the Government, whilst the balance, £255 9s. 6d., has since the close of the year been used to meet the expenses of redemption of the debentures. It has been decided by the Commissioners to pay the Westport No. 1 Fund surplus to the Public Account in reduction of the loan of £30,495 advanced to the Harbour Board by the Government in 1920. Chas. E. Statham, Chairman.

1-B. 8.

B—B.

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

2

RECEIPTS. £ s. d. £ s. d. Balance, 1st April, 1924 :— Cash at bank .. .. .. .. .. .. .. .. 519 12 4 r c , 1CAAAA Westport Harbour Board. Loan of £150,000, — Contribution to Sinking Fund for half year to 1 Sept., 1924, per Treasury .. 750 0 0 Interest on Investments — On £1,400, Irrigation and Water-supply Act 1913 4-per-cent. Debentures, one year to 1 Oct., 1924 .. .. .. 56 0 0 On £1,600, Immigration and Public Works Loan Act 1870 44-per-cent. Debentures, period to 15 April, 1924 .. .. . . 15 6 11 On £870, Appropriation Act 1912 (Irrigation and Water-supply Account 4-per-cent. Debentures, one year to 1 Nov., 1924 . 34 16 0 On £800, Kauri-gum Industry Amendment Act 1914 4-per-cent. Debentures, one year to 1 Nov., 1924 .. .. .. 32 0 0 On £3,770, General Purposes Loan Act 1873 4-per-cent. Debentures, one year to 28 Nov., 1924 .. .. .. .. 150 16 0 On £10,190, Consolidated Stock Act 1884 4-per-cent. Debentures, one year to 31 Dec., 1924 .. .. .. .. 407 12 0 On £4,000, Government Railways Amendment Act 1910 4-per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. 160 0 0 On £3,700, New Zealand Inscribed Stock Act, 1917, and Electric-power Works Loan Act, 1919, 5 per cent., period to 15 July., 1924 8 12 10 On £2,305, New Zealand Inscribed Stock Act, 1917 (Discharged Soldiers Settlement), 5\ per cent., period to 15 July, 1924 .. 16 0 5 On £3,895, New Zealand Consols Act, 1908, 4 per cent., one year to 1 Feb., 1925 .. .. .. .. .. 155 16 0 On £6,025, Land Laws Amendment Act 1913 4-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. 241 0 0 On £3,000, Irrigation and Water-supply Act 1913 Debentures, one year to 1 Mar., 1925 .. .. . . 135 0 0 On £2,000, Local Bodies' Loans Act 1908 4-per-cent. Debentures, half year to 1 Sept., 1924 . . .. .. .. 40 0 0 On £1,750, Finance Act 1918 No. 2 (sec. 30) (Cold-storage Advances Account) 4A-per-cent. Debentures, one year to 1 Mar., 1925 78 15 0 On £1,400, Defence and other Purposes Loans Act 1870 4|-per-cent. Debentures, one year to 1 Mar., 1925.. .. .. 63 0 0 On £2,195, Government Railways Amendment Act 1910 4i-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. 98 15 6 On £1,230, Rangitaiki Land Drainage Amendment Act 1913 and Finance Act 1921-22 (sec. 23) 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. .. 55 7 0 On £50, Maori Land Settlement Act 1905 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. .. 2 5 0 On £6,920, Land for Settlements Act 1908 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. .. 311 8 0 On £1,400, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 63 0 0 On £1,710, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4j-per-cent. Debentures, one year to 1 Mar., 1925 .. 76 19 0 On £275, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4j-per-cent. Debentures, one year to 1 Mar., 1926 .. 12 7 6 On £3,020, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) Debentures, one year to 1 Mar., 1925 . . 135 18 0 On £1,600, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 72 0 0 On £50,100, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) Debentures, one year to 1 Mar., 1925 .. 2,254 10 0 On £1,790, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. 80 11 0 On £775, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. 34 17 6 On £3,200, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 41-per-cent. Debentures, one year.to 1 Mar., 1925 . . 144 0 0 On £1,500, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 . . 67 10 0 On £13,200, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 594 0 0 On £6,850, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 . . 308 5 0 On £6,000, Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) Debentures, one year to 1 Mar., 1925 270 0 0 On £5,200, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) Debentures, one year to 1 Mar., 1925 .. 234 0 0 On £3,550, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4'per-cent. Debentures, half-year to 1 Mar., 1925 .. 71 0 0 On £2,000, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 40 0 0 On £500, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 12 12 7 On £1,400, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period tb 1 Mar., 1925 .. .. 23 3 4 Carried forward .. .. .. .. 7,307 4 7 519 12 4

B.—B

For the Year ended 31st March, 1925.

3

DISBURSEMENTS. S, s. d. j £ s. d. , | Westport Harbour Board. Loan of £150,000,— Investments — 1924—July 15. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 500 0 0 4-per-cent. Debentures Sept. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 5,550 0 0 Oct. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 1,400 0 0 Nov. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. I 1,670 0 0 Nov. 28. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 3,770 0 0 Dec. 31. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. j 10,190 0 0 1926—Jan. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 4,000 0 0 Feb. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 9,920 0 0 Mar. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 6,250 0 0 1925—Mar. 1. Remittance to London #or redemption of Debentures .. 150,000 0 0 43,250 0 0 Cost of cablegram, remittance to London .. .. 0 6 9 150,000 6 9 . Carried forward 193,250 6 9

B.—B

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

4

RECEIPTS. £ a. d. £ s. d. Brought forward . .. .. .. 7,307 4 7 519 12 4 Westport Harbour Board—continued. Loan of £150,000 —continued. Interest on Investments —continued. On £1,670, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to '1 Mar., 1925 .. .. 21 19 3 On £3,770, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 38 8 5 On £10,190, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 67 0 0 On £4,000, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 25 17 3 On £9,920, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 30 8. 9 Interest on Current Account, Bank of New Zealand .. .. .. 10 6 Premium on remittance to London by Bank of New Zealand .. .. 3,000 0 0 Debentures matured and redeemed —• 1924— Sept. 1-— Local Bodies' Loans Act, 1908, 4 per cent. .. . % .. 2,000 0 0 Oct. 1— Irrigation and Water-supply Act, 1913, 4 per cent. .. .. 1,400 0 0 Nov. 1— Kauri-gum Industry Amendment Act, 1914, 4 per cent. .. .. 800 0 0 Appropriation Act, 1912 (Irrigation and Water-supply Account), 4 per cent. .. .. .. .. .. .. 870 0 0 Nov. 28— General Purposes Loan Act, 1873, 4 per cent. .. .. 3,770 0 0 Dec. 31— Consolidated Stock Act, 1884, 4 per cent. .. .. .. 10,190 0 0 1925— Jan. 1— Government Railways Amendment Act, 1910, 4 per cent. .. .. 4,000 0 0 Feb. 1— New Zealand Consols Act, 1908, 4 per cent. .. .. .. 3,895 0 0 Land Laws Amendment Act, 1913, 4 per cent. .. .. .. 6,025 0 0 Mar. 1-—-Defence and other Purposes Loan Act, 1870, 4J per cent. .. .. 1,400 0 0 Finance Act, 1918 (No. 2) (sec. 30), 4J per cent. .. .. .. 1,750 0 0 Fruit-preserving Industry Act, 1913, 4\ per cent. .. .. .. 6,000 0 0 Government Railways Amendment Act, 1910, 4J per cent. .. 2,195 0 0 Irrigation and Water-supply Act, 1913, 4J per cent. .. .. 3,000 0 0 Land for Settlements Act, 1908, 4J per cent. .. .. .. 6,920 0 0 Maori Land Settlement Act, 1905, 4J per cent. .. ., .. 50 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22 (sec. 23) 4| per cent. .. .. .. .. 1,230 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 1,400 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 275 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4| per cent. 3,020 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J, per cent. 1,710 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 J per cent. 1,600 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 1,790 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4\ per cent. 775 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 3,200 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4-J per cent. 50,100 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), per cent. 1,500 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 13,200 0 0 Discharged Soldiers Settlement Loans Act. 1919 (sec. 4), 4J per cent. 6,850 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4|- per cent. 5,200 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 4,000 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 500 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 3,550 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 2,000 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 1,400 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 1,670 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 3,770 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 10,190 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 9,920 0 0 193.606 18 9 Carried forward .. .. .. .. .. 194,126 11 1

B.— 8.

For the Year ended 31st March, 1925.

5

DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. .. .. .. 193,250 6 9 ■ 0 f., - » ■ i -V- < • • oi ■ .■ *• •" - - -• i i) K it • Carried forward .. .. .. .. 193,250 6 9

B.—B.

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

6

RECEIPTS. £ s. d. £ s. d. Brought forward .. .. .. .. .. 194,126 11 1 Westport Harbour Board—continued. Loan of £200,000,Contribution to Sinking Fond for one year to 1 Mar., 1925, per Treasury .. 2,000 0 0 Interest on Investments, —• On £90, Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures, half-year to 1 April, 1924 1 16 0 On £400, Irrigation and Water-supply Act 1913 4-per-cent. Debentures, one year to 1 Oct., 1924 .. .. .. 16 0 0 On £4,095, Waverley Town Board 5-per-cent. Debentures, one year to 1 Oct.,"1924 .. .. .. .. .. 204 15 0 On £90, Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures, period to 1 Oct., 1924 .. 1 10 1 On £1,080, Appropriation Act 1912 (Irrigation and Water-supply Account) 4-per-cent. Debentures, one year to 1 Nov., 1924 .. 43 4 0 On £1,200, Kauri-gum Industry Amendment Act 1914 4-per-cent. Debentures, one year to 1 Nov., 1924 .. .. .. 48 0 0 On £1,500, Land for Settlements Act 1908 4$-per-cent. Debentures, one year to 1 Nov., 1924 .. .. .. .. 67 10 0 On £1,000, Kauri-gum Industry Amendment Act, 1914, and Appropriation Act, 1918 (sec. 45), 4J per-cent. Debentures, one year to 1 Nov., 1924 .. .. .. .. .. 45 0 0 On £910, Consolidated Stock Act 1884 4-per-cent. Debentures, one year to 31 Dec., 1924 .. .. .. .. 36 8 0 On £1,200, Oxford County Council 5J-per-cent. Debentures, one year to 1 Dec., 1924 .. .. .. .. .. 63 0 0 On £5,003, Land for Settlements Act 1908 4|-per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. .. 225 0 0 j On £800, Hutt Railway and Road Improvement Act 1907 4 j-per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. 36 0 0 On £5,750, Aid to Public Works and Land Settlement Act, 1903 41-per-cent. Debentures, one year to 1 Jan., 1925 .. .. 258 15 0 On £400, Housing Act 1919 (sec. 30) 44-per-eent. Debentures, one year to 1 Jan., 1925 .. .. .. .. 18 0 0 On £3,260, New Zealand Inscribed Stock Act, 1917, and Electric-power Works Loan Act, 1919, 5 per cent., period to 15 Jan., 1925 .. .. .. .. .. 158 17 10 On £1,245, New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loan* Acts, 1917-20, 5J, per cent., period to 1.1 Jan., 1925 .. .. .. .. .. 62 17 8 On £2,000, Waihou and Ohinemuri Rivers Improvement Act 1910 and Finance Act 1919 (sec. 6) 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. 90 0 0 On £800, Discharged Soldiers Settlement Loans Act 1919 (sec. 4), 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 20 4 2 On £1,300 Discharged Soldiers Settlement Loans Act 1919 (sec. 4), 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 26 0 0 On £90 Discharged Soldiers Settlement Loans Act 1919 (sec. 4), 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 1 16 0 On £400 Discharged Soldiers Settlement Loans Act 1919 (sec. 4), 4-per-eent. Debentures, period to 1 Mar., 1925 .. .. 6 12 5 On £2,280 Discharged Soldiers Settlement Loans Act 1919 (sec. 4), ) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 29 19 8 Oil £910 Discharged Soldiers Settlement Loans Act 1919 (sec. 4), 4-per-cent. Debentures, period to 1st Mar., 1925 .. 5 19 8 On £2,240 Discharged Soldiers Settlement Loans Act 1919 (sec. 4), 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 6 17 6 On £300, Hauraki Plains Amendment Act 1913 and Finance Aot 1921-22 (sec. 23) 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. .. 13 10 0 On £1,200, Hutt Railway and Road Improvement Act 1910 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. 54 0 0 On £2,165, New Zealand Consols Act, 1908, 4 per cent., one year to 1 Feb., 1925 .. .. .. .. .. 86 12 0 On £1,150, Government Railways Amendment Act 1910 4-J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. 51 15 0 On £1,000, Land for Settlements Act 1908 4|-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. 45 0 0 On £75, Land Laws Amendment Act 1913 4-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. 3 0 0 On £2,900, Railways Improvement Authorization Act 1914 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. 130 10 0 On £2,000, Hauraki Plains Amendment Act, 1913, and Finance Act, 1920 (sec. 16), 4J per cent., one year to 1 Feb., 1925 .. 90 0 0 Interest on Current Account, Bank of New Zealand .. .. .. 14 0 Carried forward .. .. .. .. 3,950 14 0 194,126 11 1

B.—8

For the Year ended 31st March, 1925.

7

DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. .. .. .. .. 193,250 6 9 Westpobt Harbour Board—conti nutd. Loan of £200,000, — Investments — 1924—April 1. Fruit - preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures .. .. 90 0 0 July 15. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 800 0 0 Sept. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 1,390 0 0 Oct. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 400 0 0 Nov. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 2,280 0 0 Dec. 31. Discharged Soldiers Settlement Loans Act 1919 (sec. 4:) 4-per-cent. Debentures .. .. .. .. 910 0 0 1B25—Feb. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 2,240 0 0 Mar. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 10,000 0 0 18,110 0 0 j Carried forward .. .. .. .. 211,360 6 9

B.—B

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

8

RECEIPTS. £ s. d. £ s. d. Brought forward .. .. .. 3,950 14 0 194,126 11 1 Westport Harbour Board—continued. Loan of £200,000 —continued. Debentures matured and redeemed; — 1924 —April 1. Fruit-preserving Industry Act, 1913, and Finance Act, - ' 1917 Csec. 80), 4 per cent. .. .. .. 90 0 0 Oct. 1. Irrigation and Water-supply Act, 1913, 4 per cent. ..J 400 0 0 Nov. 1. Kauri-gum Industry Amendment Act, 1914, 4 per cent. I 1, 200 0 0 Appropriation Act, 1912 (Irrigation and Water-supply Account), 4 per cent. .. .. ..' .. 1,080 0 0 Dec. 31. Consolidated Stock Act, 1884, 4 per cent. .. .. 910 0,0 • 1925 —Feb. 1. New Zealand Consols Act, 1908, 4 per cent. .. .. 2,165 0 0 Land Laws Amendment Act, 1913, 4 per cent. 75 0 0 Mar. 1. Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), J, 4 per cent. .. .. .. .. .. 800 0 0. Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 1,300. 0 ; 0 . • Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), ; 4 per cent. .. .. .. .. .. 90 0 0 . Discharged Soldiers Settlement Loans Act,. 1919 (sec. 4), . 4 per cent. .. .. .. .. .. 400 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 2,280 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 910 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 2,240 0 0 Debentures exchanged with Treasury— 1924—Sept. 1. Fruit-preserving Industry Act, 1913, and Finance Act, 1917 (sec. 80), 4 per cent. .. .. .. 90 0 0 — — 17,980 14 0 ' Carried forward .. .. 212,107 5 1 |

B.—B.

For the Year ended 31st March, 1925.

2—B. 8.

9

DISBURSEMENTS. £ s. d. £ s. d. Brought forward . .. .. .. j 211,360 6 9 fc I I J . , • I Carried forward .. .. .. .. .. 211,3H0 6 9

B.—B

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

10

RECEIPTS. £ s. d. £ s. d. Brought forward .. .. .. .. .. 212,107 5 1 Westfort Harbouk Board—continued. j Loan of £500,000, —- Contribution to Sinking Fund for one year to 1 Mar., 1925, per Treasury .. 5,000 0 0 Interest on Investments —- On £14,105, Waverley Town Board 5-per-cent. Debentures, one year to 1 Oct., 1924 .. .. .. .. .. 705 5 0 On £2,700, Irrigation and Water-supply Act 1913 4-per-cent. Debentures, one year to 1 Oct., 1924 .. .. .. .. 108 0 0 On £2,100, Immigration and Public Works Loan Act 1870 4|-per-cent. Debentures, period to 15 Oct., 1924 .. .. .. 74 7 3 On £120, Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures, half year to 1 April, 1924 2 8 0 On £120, Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures, period to 1 Oct., 1924 .. 2 0 2 On £4,500, Kauri-gum Industry Amendment Act 1914 and Appropriation Act 1918 (sec. 45) 4J-per-cent. Debentures, one year to 1 Nov., 1924 .. .. .. .. 202 10 0 On £8,000, Land for Settlements Act 1908 4J-per-cent. Debentures, period to 1 Nov., 1924 .. .. .. .. 360 0 0 On £3,000, Kauri-gum Industry Amendment Act 1914 4-per-cent. Debentures, one year to 1 Nov., 1924 .. .. .. 120 0 0 On £2,860, Appropriation Act 1912 (Irrigation and Water-supply Account) 4-per-cent. Debentures, one year to 1 Nov., 1924.. 114 8 0 On £2,800, General Purposes Loan Act 1873 4-per-cent. Debentures, one year to 28 Nov., 1924 .. .. .. .. 11200 On £1,000, Oxford County Council 5£-per cent. Debentures, one year to 1 Dec., 1924 .. .. .. .. .. 52 10 0 On £10,500, Westport Harbour Board 4-per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. .. .. 420 0 0 On £6,500, Land for Settlement Act 1908 4J-per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. .. 292 10 0 On £3,200, Hutt Railway and Road Improvement Act 1907 4J-per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. 144 0 0 On £2,000, Housing Act 1919 (sec. 30) 4|--per-cent. Debentures, one year to 1 Jan., 1925 .. .. .. .. .. 90 0 0 On £6,750, Aid to Public Works and Land Settlement Act 1903 -1 cent . Debentures, one year to 1 Jan., 1925 .. .. 303 15 0 On £3,435, New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Acts, 1917-20,5\ per cent., period to 15 Jan., 1925 .. .. .. .. .. 178 9 11 On £7,200, New Zealand Inscribed Stock Act, 1917, and Electric-power Works Loan Act, 1919, 5 per cent., period to 15 Jan., 1925 354 9 4 On £5,200, New Zealand Consols Act, 1908, 4 per cent., one year to 1 Feb., 1925 .. .. .. .. .. 208 0 0 On 4,000, Hutt Railway and Road Improvement Act 1910 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. 180 0 0 On £6,300, Railways Improvement Authorization Act 1914 4f-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. 283 10 0 On £1,850, Government Railways Amendment Act 1910 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. 83 5 0 On 4,500, Hauraki Plains Amendment Act 1913 and Finance Act 1920 (sec. 16) 4J-per-cent. Debentures, one year to 1 Feb., 1925 202 10 0 On £2,700, Hauraki Plains Amendment Act 1913 and Finance Act 1921-22 (sec. 23) 4}-per-cent. Debentures, one year to 1 Feb., 1925 121 10 0 On £4,300, Land for Settlements Act 1908 4£-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. 193 10 0 On £500, Waihou and Ohinemuri Rivers Improvement Act 1910 and Finance Act 1919 (sec. 6) 4J-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. .. 22 10 0 On £5,000, Patea Borough 4A-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. .. .. 225 0 0 On £800, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4A-per-cent. Debentures, one year to 1 Mar., 1925 .. 36 0 0 On £2,050, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 51 15 8 On £3,150, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 63 0 0 On £120, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 2 8 0 On £2,700, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 44 13 6 ' , Carried forward .. .. .. .. 10,354 4 10 212,107 5 1 I

B.—B

For the Year ended 31st March, 1925.

11

DISBURSEMENTS. £ a. d. £ s. d. Brought forward .. .. .. .. .. 211,360 6 9 Westport Harbour Board —-continued. Loan of £500,000, — Investments — 1924 —April 1. Fruit - preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures .. .. 120 0 0 July 15. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 2,050 0 0 Sept. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 3,270 0 0 Oct. 1. Discharged Soldiers Settlement Loars Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 2,700 0 0 Nov. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. I 5,860 0 0 Nov. 28. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) j 4-per-cent. Debentures .. .. .. .. j 2,800 0 0 1925 —Jan. 15. New Zealand Inscribed Stock Act 1917 and Discharged | Soldiers Settlement Loans Acts 1917-20 5J-per-cent. j Debentures (purchased from Greymouth Fund) .. 2,170 0 0 Jan. 15. New Zealand Inscribed Stock Act 1917 and Electric Power Works Loan Act 1919, 5-per-cent. Debentures (purchased from Greymouth Fund) .. .. 2,190 0 0 Feb. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 5,200 0 0 Mar. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 23,800 0 0 — 50,160 0 0 Carried forward .. 261,520 6 9

B.—B.

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

12

RECEIPTS. £ s. d. £ s. d. Brought forward .. .. .. .. 10,354 4 10 212,107 5 1 Westport Habboub Boaed—continued. Loan of £500,000- —continued. Interest on Investments —continued. On £1,500, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-eent. Debentures, period to 1 Mar., 1925 .. .. 55 11 3 On £2,800, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 28 10 9 On £5,200, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 15 19 1 Interest on Current Account, Bank of New Zealand .. .. .. 3 8 9 Debentures matured and redeemed— 1924—April 1. Fruit - preserving Industry Act, 1913, and Finance Act, 1917 (sec. 80), 4 per cent. .. .. .. .. 120 0 0 Oct. 1. Irrigation and Water-supply Act, 1913, 4 per cent. .. 2,700 0 0 Nov. 1. Kauri-gum Industry Amendment Act, 1914, 4 per cent. 3,000 0 0 Appropriation Act, 1912 (Irrigation and Water-supply Account), 4 per cent. .. .. .. .. 2,860 0 0 Nov. 28. General Purposes Loan Act, 1873, 4 per cent. .. .. 2,800 0 0 1925—Feb. 1. New Zealand Consols Act, 1908, 4 per cent. .. .. 5,200 0 0 Mar. 1. Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4|- per cent. .. .. .. .. .. 800 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 2,050 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 3,150 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 120 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 2,700 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 1,500 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 2,800 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 5,200 0 0 { Debentures sold to Greymouth Fund— 1925—Jan. 15. Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. .. .. .. .. .. 4,360 0 0 Debentures exchanged with Treasury— 1924 —Sept. 1. Fruit - preserving Industry Act, 1913, and Finance Act, 1917 (sec. 80), 4 per cent... .. .. .. 120 0 0 49,937 14 8 Carried forward .. .. .. .. .. 262,044 19 9

B.—B.

For the Year ended 31st March, 1925.

3—B. 8.

13

DISBURSEMENTS. £ B. d. I £ e. <3. Brought forward .. .. .. .. .. 261,520 6 9 I j Carried forward . 261,520 6 0

B.—B

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

14

RECEIPTS. j £ s. <i. £ s. d. Brought forward .. .. .. .. .. 262,044 19 9 Gkbymotjth Harbour Board. Loan of £100,000, — Contribution to Sinking Fund, one year to 1 Mar., 1925 .. .. .. 1,000 0 0 j Interest on Investments— On £600, Irrigation and Water-supply Act 1913 4-per-cent. Debentures, one year to 1 Oct., 1924 .. .. .. .. 24 0 0 On £290, Fruit-preserving Industry Act 1913 and Finance Act 1917 J (sec. 80) 4-per-cent. Debentures, half-year to 1 April, 1924 5 16 0 On £290, Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures, period to 1 Oct., 1924 .. 4 17 0 | On £500, Immigration and Public Works Loan Act 1870 4J-per-cent. Debentures, period to 15 April, 1924 .. .. .. 4 15 10 j On £190, Appropriation Act 1912 (Irrigation and Water-supply Account) 4-per-cent. Debentures, one year to 1 Nov., 1924.. 7 12 0 On £3,130, General Purposes Loan Act 1873 4-per-cent. Debentures, one year to 28 Nov., 1924 .. .. .. .. 125 4 0 On £6,400, Consolidated Stock Act 1884 4-per-cent. Debentures, one year to 31 Dee., 1924 .. .. .. .. 256 0 0 On £2,190, New Zealand Inscribed Stock Act, 1917, and Electric-power Works Loan Act, 1919, 5 per cent., one year to 15 Jan., 1925 .. .. .. .. .. .. 109 10 0 On £2,170, New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Acts, 1917-20, 5J per cent., one year to 15 Jan., 1925 .. .. .. .. 119 7 0 On £2,240, New Zealand Consols Act, 1908, 4 per cent., one year to 1 February, 1925 .. .. .. .. .. 89 12 0 On £3,700, Land Laws Amendment Act 1913 4-per-cent. Debentures, one year to 1 Feb., 1925 .. .. .. .. 148 0 0 On £1,500, Finance Act, 1918 No. 2 (sec. 30) (Cold-storage Advances) 4f-per-cent. Debentures, one year to 1 Mar., 1925 .. 67 10 0 On £1,000, Local Bodies' Loans Act 1908 4-per-cent. Debentures, halfyear to 1 Sept., 1924 .. .. .. .. 20 0 0 On £2,000, Irrigation and Water-supply Act 1913 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. 90 0 0 On £500, Defence and other Purposes Loan Act 1870 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. 22 10 0 On £6,005, Government Railways Amendment Act 1910 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. 270 4 6 On £1,670, Rangitaiki Land Drainage Amendment Act 1913 and Finance Act 1921-22 (sec. 23) 4J-per-eent. Debentures, one year to 1 Mar., 1925 .. .. .. .. .. 75 3 0 On £1,150, Maori Land Settlement Act 1905 4|--per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. .. 51 15 0 On £3,980, Land for Settlements Act 1908 4f-per-cent. Debentures, one year to 1 Mar., 1925 .. .. .. .. 179 2 0 On £4,600, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. 207 0 0 On £1,290, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 58 1 0 On £1,025, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) | 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. I 46 2 6 On £5,680, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) j 4J-per-eent. Debentures, one year to 1 Mar., 1925 .. | 255 12 0 On £2,400, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) j 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 108 0 0 On £500, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. 22 10 0 On £10,700, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 481 10 0 On £350, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4|-per-cent. Debentures, one year to 1 Mar., 1925 .. 15 15 0 On £3,800, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) j 4£-per-cent. Debentures, one year to 1 Mar., 1925 .. 171 0 0 On £5,610, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) Debentures, one year to 1 Mar., 1925 .. 252 9 0 On £1,825, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 82 2 6 On £800, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 36 0 0 On £18,100, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. ' 814 10 0 On £1,900, Discharged Soldiers Settlement Loans Act 1919 (see. 4) 4J-per-cent. Debentures, one year to 1 Mar., 1925 .. 85 10 0 On £2,300, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 46 0 0 On £1,290, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, half-year to 1 Mar., 1925 .. 25 16 0 Carried forward .. .. .. .. j 5,378 16 4 262,044 19 9

B.— 8

For the Year ended 31st March, 1925.

15

DISBURSEMENTS. £ s. d. £ s. d. Brought forward .. .. .. ..J .. I 261,520 6 9 Gkeymouth Harbour Board. Loan of £100,000, — Investments— 1924 —April 1. Fruit-preserving Industry Act 1913 and Finance Act 1917 (sec. 80) 4-per-cent. Debentures .. .. 280 0 0 July 15. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 400 0 0 ■ Sept. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 3,590 0 0 Oct. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 600 0 0 Nov. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) • 4-per-cent. Debentures .. .. .. .. ISO 0 0 ! Nov. 28. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 3,130 0 0 j Dec. 31. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 6,400 0 0 | 1925 —Jan. 15. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures (purchased from Westport No. 3).. .. .. .. .. .. 4,360 0 0 Feb. 1. Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures .. .. .. .. 5,940 0 0 24,900 0 0 Mar. 1. Remittance to London for redemption of Debentures .. 100,000 0 0 Cost of cablegram, remittance to London .. .. 0 4 6 Surplus of Sinking Fund paid to Treasury in reduction of Board's indebtedness .. .. .. .. 4,6C0 0 0 104,600 4 6 ' I Carried forward .. ! 391.020 11 3

b.—a

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

16

RECEIPTS. ! £ s. d. £ s. d. Brought forward .. .. .. .. 5,378 16 4 262,044 19 9 Gbeymouth Harbour Board—continued. Loan of £100,000 —continued. Interest on Investments—continued. On £400, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 10 2 1 On £600, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 9 18 7 On £4,550, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 24 0 0 On £3,130, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 31 18 0 On £6,400, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 42 1 8 On £5,940, Discharged Soldiers Settlement Loans Act 1919 (sec. 4) 4-per-cent. Debentures, period to 1 Mar., 1925 .. .. 18 4 6 Interest on Current Account, Bank of New Zealand .. .. .. 0 16 6 Debentures matured and redeemed— 1924— April 1. Fruit-preserving Industry Act, 1913, and Finance Act, 1917 (see. 80), 4 per cent. .. .. .. .. 290 0 0 Sept. 1. Local Bodies'Loans Act, 1908, 4 per cent. .. .. 1,000 0 0 Oct. 1. Irrigation and Water-supply Act, 1913, 4 per cent. .. 600 0 0 Nov. 1. Appropriation Act, 1912, (Irrigation and Water-supply Account), 4 per cent. .. .. .. .. 190 0 0 Nov. 28. General Purposes Loan Act, 1873, 4 per cent. .. .. 3,130 0 0 Dec. 31. Consolidated Stock Act, 1884,4 per cent. .. .. 6,400 0 0 1925— Feb. 1. New Zealand Consols Act, 1908, 4 per cent. .. .. 2,240 0 0 Land Laws Amendment Act, 1913, 4 per cent. .. .. 3,700 0 0 Mar. 1— Defence and other Purposes Loan Act, 1870, 4J per cent. .. .. 500 0 0 Finance Act, 1918 (No. 2) (sec. 30), (Cold Storage Advances Account), 4J per cent. .. .. .. .. .. .. 1,500 0 0 Government Railways Amendment Act, 1910, 4£ per cent. .. 6,005 0 0 Irrigation and Water-supply Act, 1913, 4£ per cent. .. .. 2,000 0 0 Lands for Settlement Act, 1908, 4J per cent. .. .. .. 3,980 0 0 Maori Land Settlement Act, 1905, 4J per cent. .. . . .. 1,150 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22 (sec. 23), 4£ per cent. .. .. .. .. 1,670 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 1,025 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4| per cent. 4,600 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4j per cent. 5,680 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 1,290 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4j per cent. 2,400 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4j- per cent. 5,610 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4| per cent. 1,825 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4i per cent. 800 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 18,100 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4j per cent. 500 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 10,700 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4J per cent. 350 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4| per cent. 3,800 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), per cent. 1,900 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 400 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 2,300 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 1,290 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 600 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 4,550 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 3,130 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 6,400 0 0 Discharged Soldiers Settlement Loans Act, 1919 (sec. 4), 4 per cent. 5,940 0 0 Securities sold to Westport Fund No. 3 — 1925—Jan. 15— New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1917-20,5£ per cent. .. .. .. .. 2,170 0 0 New Zealand Inscribed Stock Act, 1917, and Electric Power Works Loan Act, 1919, 5 per cent. .. .. .. .. .. 2,190 0 0 Debentures exchanged with Treasury— 1924 —Sept. 1. Fruit-preserving Industry Act, 1913, and Finance Act, 1917 (sec. 80), 4 per cent. .. .. .. 290 0 0 Premium on remittance to London by Bank of New Zealand .. .. 2,000 0 0 129,710 17 8 Total .. .. .. .. .. .. £391,755 17 5

B.—B.

For the Year ended 31st March, 1925.

17

DISBURSEMENTS. £ s. d. £ s. d. j , I Brought forward .. .. .. .. •• 391,020 11 3 . Balance, 31st March, 1925,— Cash in Bank of New Zealand .. .. .. • • — • • 735 6 2 Total .. .. .. .. .. £391,755 17 5

B, -8.

J. R. 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, 1925.

18

Loans in respect of which the Funds are held. © When I ' ! „ Securities £ Westport Harbour Board. I Greymouth Securities. are <2 - Harbour ToTAIS redeemable. ■ Board, -S £150,000. I £200,000. £500,000. £100,000. 1st March, 1925. | 15th Feb., 1945. ! ; 1st January, 1949. 1st March, 1925. i > i New Zealand Government Debentures — % I £ s. d. £ s. ,d. £ s. d. £ s. d. £ s. d. Aid to Public Works and Land Settlement Act, 1903 .. .. .. .. .. 1 Jan., 1926 4J .. 5,750 0 0 6,750 0 0! .. I 12,500 0 0 Discharged Soldiers Settlement Loans Act, 1919 (Section 4) .. .. .. .. 1 Sept.. 1927 4 | 6,250 0 0 10,000 0 0 23,800 0 0 ! 40,050 0 0 Government Railways Amendment Act, 1910 .. .. .. .. .. ..1 Feb., 1929 4£ .. 1,150 0 0 1,850 0 0 .. 3,000 0 0 Hauraki Plains Amendment Act, 1913, and Finance Act, 1920 (Section 16) .. .. 1 Aug., 1928 4|- j .. 2,000 0 0 4,500 0 0 .. 6,500 0 O Hauraki Plains Amendment Act, 1913, and Finance Act, 1921— 22 (Section 23) .. .. j 1 ,, 1928 4j j .. 300 0 0 2,700 0 0 .. 3,000 0 0 Housing Act, 1919 (Section 30) .. .. .. .. .. .. .. 1 July, 1926 4| .. 400 0 0 2,000 0 0 .. 2,400 0 0 Hutt Railway and Road Improvement Acts, 1905, 1907, 1910 .. .. .. .. ! 1 Jan., 1929 4J .. 800 0 0 3,200 0 0 4,000 0 0 1910 .. .. .. .. .. 1 Feb., 1929 4|- ! .. 1,200 0 0 4,000 0 0 .. 5,200 0 0 Immigration and Public Works Loan Act, 1870 .. .. .. .. .. ..15 April, 1925 4-i. .. ! .. 2,100 0 0 .. 2,100 0 0 Kauri-gum Industry Amendment Act, 1914, and Appropriation Act, 1918 (Section 45) .. 1 Nov., 1926 4$ j .. 1,000 0 0 4,500 0 0 .. 5,500 0,0 Land for Settlements Act, 1908 .. .. .. .. .. .. .. 1 Aug., 1925 H ! .. I 1,000 0 v 4,300 0 0 I .. 5,300 0 0 „ „ .. .. .. .. .. .. ..1 Jan., 1926 4£ .. I 5,000 0 0 6,500 0 0 .. 11,500 0 0 1 May, 1926 4J j .. 1,500 0 0 8,000 0 0 .. 9,500 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 15 Jan., 1933 5J- .. 1,245 0 0 5,605 0 0 .. 6,850 0 0 1917-20 New Zealand Inscribed Stock Act, 1917, Electric-power Works Loan Act, 1919, Finance Act, 15 July, 1930 5 ! . . 3,260 0 0 9,390 0 0 . . ; 12,650 0 0 1919 (Section 5), and Railways Improvement Authorization Act, 1914 Railways Improvement Authorization Act, 1914 .. .. .. .. .. 1 Feb., 1926 4J .. 2,900 0 0 6,300 0 0 .. 9,200 0 0Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919 (Section 6) .. 1 Aug., 1925 4J .. 2,000 0 0 500 0 0 .. 2,500 0 0 Westport Harbour Act, 1920, Westport Harbour Board Act, 1884, and Loan Acts, 1896, 1897, 1 Jan., 1949 4 .. .. 10,500 0 0 .. 10,500 0 0 and 1900 Local Authorities' Debentures — Oxford County Council .. .. .. .. .. .. .. .. 1 Dec., 1940 5J 1,200 0 0 1,000 0 0 .. 2,200 0 0 Waverley Town Board (1) .. .. .. .. .. .. .. .. 1 April, 1955 5 .. 3,670 0 0 9,750 0 0 .. 13,420 0 0 (2) .. .. .. .. .. .. .. 1 Oct., 1956 5 .. 425 0 0 4,355 0 0 4,780 0 0 Patea Borough .. .. .. .. .. .. .. .. .. 1 Sept., 1953 4J .. .. 5,000 0 0 .. 5,000 0 0 6,250 0 0 44,800 0 0 126,600 0 0 .. 177,650 0 0 Cash in Bank of New Zealand .. .. .. .. .. .. .. .. : .. .. 412 18 4 41 1 10 25 16 6 255 9 6 735 6 2 Totals .. .. .. .. .. .. .. j .. .. 6,662 18 4 44,841 1 10 126,625 16 6 255 9 6 178,385 6 2

B.—B

STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1925.

Balances are held as follows:— Westport Harbour Board Loan, £150,000 (redeemed) — £ s. d. Debentures .. .. .. .. .. .. .. .. .. 6,250 0 0 Cash .. .. .. .. .. .. .. .. .. .. 412 18 4 £6,662 18 4 Greymouth Harbour Board Loan, £100,000 (redeemed) — Cash .. .. .. .. .. .. .. .. .. .. £255 9 6 STATEMENT of the Expenses incurred during the Year ended 31st March, 1925. £ s. d. Audit fee . .. .. ... 2 2 0 J. H. Fowler, Secretary and Accountant to the Commissioners. Examined and found correct. H. M. Nalder, Chief Examiner, Audit Office.

Approximate Co*t o) Paper.—Preparation, not giveu ; printing (475 ooples), £24 15b;

Authority: W. A. G. Skinner, Government Printer, Wellington.—l92s.

Price 9d.]

19

D ctSoT ! Sigg When redeemable. I 8^~ £ Per Cent J £ s. d. Westport Harbour Board Loan .. .. 200,000 1 15 February, 1945 .. 44,841 1 10 j Westport Harbour Board Loan .. .. 500,000 1 1 January, 1949 .. 126,625 16 6 £700,000 .. .. £171,466 18 4 I I