8.—14

10

tj s. d. £ s. d. Cash balanoa, l ß t April, 1906 .. .. - • • • • • 783 12 2 Money borrowed to make advances to local bodies .. .. .. 180,000 0 0 180,783 12 2 Money advanced to local bodies .. .. .. .- 133,629 0 0 Money advanced under section 78 of " The Local Bodies' Loans Act, 1901 " .. 47,370 14 8 180,999 14 3 Less refunds by— £ s. d. Kiwitea County Council .. 66 16 7 254 10 8 Whangarei Borough Council .. .. 144 7 7 Stratford . .. .. .. 3032 Manganui Road Board .. 117 4 9 618 2 9 — 180,386 11 6 Cash balance. 31st March, 1907 . .. •• 1397 0 6 Statement of Liabilities. Outstanding liabilities,— £ s. d £ s. d. Ii » d. Debentures issued under the Government Loans to Local Bodies Acts*.. .. 2,748.100 0 0 Under " The Government Loans to Local Bodies Act, 1886," an i " The Local Bodies' Loans Act, 1901 " — Money promised to local authorities which have complied with the provisions of the Actf .. .. .. •• •• 114,650 0 0 Under " The Government Loans to Local Bodies Act Amendment Aot, 1891," and section 73 of " The Local Bodies' Loans Aot, 1901 " Unpaid balance of loans .. .. 67,484 4 11 182,134 4 11 £2,925,234 4 11 Statement of Assets. Axsets, £ i. d. t ». d. X. s. d. Payments for twenty-six years of 5 per cent, per annum on amount of inscribed debts of local bodies (£48,891}) .. .. .. 63,558 6 0 Pavments for twenty-six years of 4J per cent, per annum on amount 'of inscribed debts of local bodies (£1,037,536}) .. .. .. 1,'213,917 2 4 Pa\ ments for thirty-two years of 4A per cent, per annum on amount of inscribed debts of local bodies (£23,620}) .. .. .. 34,012 16 0 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£42,989}) .. .. .. .. 55,025 18 4 Payments for forty-one years of 4 per cent, per annum on amount of inscribed debts of local bodies (£157,415}) .. .. 258,160 12 0 Payments for forty-one years of 8J per cent, per annum on amount of inscribed debts of looal bodies (£976,654}) .. .. .. 1,401,498 9 6 3,026,173 4 2 Less amount paid in respect of the annual repayments .. 831,782 8 8 2,194,390 15 6 Inscribed debt under " The Government Loans to Local Bodies Aot Amendment Act, 1891 " .. .. .. .. .. 473,732 11 3 Less amount refunded on disposal of lands .. .. 249,813 0 3 223,919 11 0 Sinking fund created under section 96 of "The Looal Bodies' Loans Act, 1901" .. .. .. .. .. .. .. .. 539,019 6 3 Cash balance, 31st March, 1907 .. .. .. .. .. 397 0 8 £2,957,726 18 5

.Robert J. Collins, The Treasury, 10th June, 1907. Secretary to the Treasury. Xutks.—The contingent liabilities are as under:— Money liable to be advanced 11 local bodies as required, when the provisions of the Act are complied with, £173,360. Applications from Lands and Survey Department for which the necessary Bieps are not yet completed, £28,702 4b. lid. The total amount borrowed up to the 31st March, IUO7. was £2.743.100. The toial amount repaid to Public W orks Fund up to the 31st March, 1907, was £89.800. The total amount advanced to local bodies up to the 31st March, 1907,was £2,208,524175. 6d.; less refunds, £29,485 9s 4d. =£2,179,039 Ss.ld. The total amount advanced under " The Government Loans to Local Bodies Act Amendment Act, 1891. ' and " The Local Bodies'Loans Act, 1801," up to the 31st March, 1907. was £473,ht0 lis. 3d.; less refund of £131 - £473,732 lis. 3d. • £1,421,800 of this amount has been converted into consolidated-stock debentures under •' The Consolidated Stock Act, 1884." t Including second year's grants, for which all formalities have been completed. I These amounts represent the debt as inscribed up to the Ist February. 1907. Tbey iuclude the inscribed stock exchanged for debentures under " The Roadß and Bridges Couetruction Act. 1882." amounting to £89.878 Bs. 9d. tSee 8.-13,1891.)

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