B.—lHh

Session 11. 1912. NEW ZEALAND.

NEW ZEALAND STATE - GUARANTEED ADVANCES ACT AND LOANS TO LOCAL BODIES ACT (LOANS OWING BY LOCAL BODIES UNDER).

Return to an Order of the House of Representatives dated the 10th October, 1912. Ordered, "That there be laid before this House a return showing separately - (1) The amount of loans owing by River Boards, Drainage Boards, Harbour Boards, County Councils, Town Boards, Road Boards, and Borough Councils on the Ist March, 1910; (2) the amounts from the Ist March, 1910, that have been lent to River Boards, Drainage Beards, Harbour Boards, County Councils, Town Boards, Road Boards, and Borough Councils ; (3) the security in each instance for the loans advanced."—(Right Hon. Sir J. G. Wabd.)

Betukn showing—(l) The Amount of Loans owing by Eiver Boards, Drainage Boards, Harbour Boards, County Councils, Town Boards, Eoad Boards, and Borough Councils on the Ist March, 1910 ; (2) the Amounts from the Ist March, 1910, that have been lent to Eiver Boards, Drainage Boards, Harbour Boards, County Councils, Town Boards, Eoad Boards, and Borough Councils ; (3) the Security in each instance for the Loans advanced. /. Under Local Bodies' Loans Act, 1908. — Up to the Ist March, 1910. s, s. a. Eiver Boards ... ... ... ... ... 76,545 10 8 Drainage Boards ... ... ... ... ... 84,770 1 1 Harbour Boards ... ... ... ... ... 1,338 17 10 County Councils ... ... ... ... ... 1,662,892 15 4 Town Boards j ... ... ... ... ... 27,148 16 4 Eoad Boards ... ... ... ... ... 250,723 16 4 Borough Councils ... ... ... ... ... 746,256 0 2 £2,849,675 17 9 The amounts above shown are the total of those inscribed against the various local bodies as at the Ist March, 1910. Any loan raised during any year was inscribed against the local body on the Ist February following. A certain number of half-yearly instalments of interest from the date of such inscription would extinguish the liability of the local body in respect of that particular loan. This number depended on the currency at which the loan was raised—viz., forty-one, thirty-two, or twenty-six years. Loans have been inscribed from 1886, and payments have been regularly made since that period. In forty-one years from the date of the last inscription the total debt will be extinguished. 2. Under New Zealand Stale-guaranteed Advances Act, 1909. — Since the Ist March, 1910, and to the 19th October, 1912. Amounts finally Amounts actually approved. paia. £ £ Eiver Boards ... ... ... ... 2,830 2,330 Drainage Boards ... ... ... ... 48,650 46,510 Harbour Boards ... ... ... 123,750 45,750 County Councils ... ... ... ... 665,430 425,820 Town Boards ... ... ... ... 116,145 76,205 Eoad Boards ... ... ... ... 211,300 158,410 Borough Councils ... ... ... ... 1,026,7.40 812,040 £2,194,845 £1,567,065