LOANS GUARANTEED BY THE GOVERNMENT Contingent Liability Outstanding on 31st March, 1950

B —l [PT. I]

* 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 on the certificate of the Corporation. Section 6 of the Hutt Road Act, 1939, provides that the Wellington City Council shall be 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, 1950, £20,600 was outstanding, against which the Public Trustee held sinking funds totalling £14,101 lis. lOd. ™ T Section 4 (3) of the Finance Act (No. 2), 1946, provides that if any loss is suffered by the Li- urREENbMITH, Reserve Bank in respect of any moneys advanced to Governments of other countries to finance A p+.ino' Spprpf.arv t,n +,Tip TrAaonrv the purchase of New Zealand produce, the amount of the loss shall be paid to the Reserve Bank Auumg uu uuc xicctouij. out of the Consolidated Fund. As at 31st March, 1950, credits granted for the purpose of financing purchases of wool from New Zealand amounted to £4,938,411 12s. 6d. to the Government of the French Republic, and £264,255 7s. 4d. to the Government of the Czechoslovak Republic. Jj. Barker, Acting Accountant to the Treasury. The Treasury, Wellington, 2nd June, 1950,

B-l [Pt. I] examined and found correct— J. P. Rutherford, Controller and Auditor-General. Audit Office, Wellington, 3rd July, 1950.

By Authority: R. E. Owen, Government Printer, Wellington—l9so. Price Is. 6d.~\

71

Loans Guaranteed. Authority sor Government Guarantee. Amount Outstanding. Due Date. Rate of Interest. LOANS OF LOCAL AUTHORITIES Oamaru Harbour Board STATE ADVANCES CORPORATION Stock and Debentures — Special Series M •• •• •• •• 99 • • • • • • • • 99 • • • • • • • • 99 • • • • • * • * Series " A " „ "C" „ " C" „ "C" „ "C" Loans to industries Finance Act, 1937, sec. 42 State Advances Corporation Act, 1936, sec. 25 99 99 99 99 99 99 99 99 99 99 99 State Advances Corporation Act, 1936, sec. 29 Total, State Advances Corporation loans .. £ s. d. 23,474 0 0* 1 April, 1952 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 1 Aug., 1974 1 Aug., 1976 fVarious o/ /o 4 3f 3| 8* 3f 3f 3# 3| 3f 3 3 3 3 1 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 8,000,000 0 0 4,600,000 0 0 4,000,000 0 0 70,322,590 0 0 841,657 2 10 £71,164,247 2 10