B—l [Pt. I

LOANS GUARANTEED BY THE GOVERNMENT Contingent Liability outstanding on 31st March, 1948

j oq * -Repayable by half-yearly instalments. t The Audit Office does not audit the accounts of the State Advances Corporation. This amount has been accepted as correct I q on the certificate of the Corporation. §§ Section 6 of the Hutt Road Act, 1939, provides that the Wellington City Council shall be o kept indemnified out of the Consolidated Fund from all liability in respect of loans specified in »§ the First Schedule of the Act totalling £276,020. At 31st March, 1948, £150,600 was outstanding, ]?. T, (Tr p i?xr a mtttt 5* against which the Public Trustee held sinking funds totalling £120,161 Os. lid. > w Section 4 (3) of the Finance Act (No. 2), 1946, provides that if any loss is suffered by the Ap-Hna-Kprrp+arv +n flip Trpn qiitu }« Reserve Bank in respect of moneys advanced to Governments of other countries to finance the ® - «'" £ purchase of New Zealand produce, the amount of the loss shall be paid to the Reserve Bank out ?' of the Consolidated Fund. As at 31st March, 1948, credits granted to the Government of the French Republic for the purpose of financing purchases of wool and other produce of New » tj m . Zealand amounted to £1,512,119 12s. Id. A. r>. IAYLOR, Examined and found correct- Accountant to the Treasury. J. P. Kuthekfobd, Controller and Auditor-General. The Treasury, Wellington, 28th June, 1948, Audit Office, Wellington, 27th July, 1948.

By Authority: E. Y. Paul, Government Printer, Wellington. —1948. Price Is. 6d.]

71

Loans guaranteed. Authority for Government Guarantee. Amount outstanding. Due date. Rate. Accumulated Sinking Fund. Int. j S.F. Loans of Local Authorities Havelock North Town Board 1 Oamaru Harbour Board 8. • State Advances Corporation g Stock and Debentures — Special Series » >§ »> 11 ;; :: :: 3 » 1 „ .. g. Series " A " .. jf •• ::g;: •• i - 0 09 g Loans to industries — >g Cfj Local Bodies' Loans Act, 1913, Part IV Finance Act, 1937, sec. 42 .. Total, local authorities' loans State Advances Corporation Act, 1936, sec. 25 .. " »» 99 99 State Advances Corporation Act, 1936, sec. 29 Total, State Advances Corporation loans i £ s. d. 1,650 0 0 40,650 0 0* 1 July, 1948 1 April, 1952 0/ /o 5 4 % n Nil £ s. d. 1,728 6 7 42,300 0 0 1 Aug., 1960 1 Aug., 1963 1 Aug., 1966 1 Aug., 1969 1 Aug., 1972 1 Aug., 1975 1 Aug.. 1978 1 Sept., 1955-60 1 Aug., 1971 1 Aug., 1973 fVarious 3f 3| 3| 3f 3| 3| 3| 3| 3 3 7,744,850 0 0 6,500,000 0 0 6,500,000 0 0 6,500,000 0 0 6,500,000 0 0 6,500,000 0 0 7,000,000 0 0 477,740 0 0 6,000,000 0 0 4,800,000 0 0 58,522,590 0 0 89,061 17 9 58,611,651 17 9