b.—a

7

For the Year ended 31st March, 1906.

DISBURSEMENTS. £ s. d. £ s. d. Brought forward 5,650 0 0 Borough of Tauranga:— Investments, — 1 Aug., 1905. Borough of Palmerston North 4J-per-cent. Debentures, due 1 February, 1916 .. 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 85 0 0 30 0 0 115 0 0 Borough of Brunner: — Investments, — 20 July, 1905. Borough of Palmerston North 5-per-cent. Debentures, due 20 July, 1916 1 Aug., 1905. Borough of Palmerston North 4J-per-cent. Debentures, due 1 February, 1916 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 30 0 0 15 0 0 70 0 0 25 0 0 Carried forward .. 5,835 0 0