PUBLIC DEBT SINKING FUND.
A DEFAULTING HARBOR BOJLED. [BY TEtBGBAPH.} •- '! [JFBOH OTTS BFECIA.E COBEESPOtrpSNT.I WELLINGTON, July'io. " : Among the papers presented to Parlia^ 1 nientto-day' was thea^hustfaag^tof ~the Commissioners of the Public Debt Sinking; Fund. • The Commissionera say i—"l* wiH be observed that thVSinHiig* FnjaJStof .the! New .Zealand loan of 1860 now amounts to I j880,318 19s 7d, taklfa£ at their nominal! value the securities in invested.;! ''-. outs^indiiig i " ■debentures, ' •J&s4bl(jXJ,r- for the redemption.of which the Fund created, fall due on the Ist July, i 189 L, and as the amount, now. accrued, together with the interest to accrue onithe; investments, wilt far morfe thaneenfficfe to' pay oft ; the 'flebentures , i^fc;''their i'duei date, the Cpiihnissioners''taye-feteed ti>; a' ceepation of' further contributions of I Sinking Puni from; the Governjnieajti on ' account p£,tk.i3 loai*/ I '■■.: <. ■• :a.m v^!; The Waitara: Harbor Board stilL fails to; meet the periodical interest and' sinking. fund faQing due : on"l^- : debenWufe8 i; :f6t- i Whic£^irrper r cetfeper , IM^flf : of the Board's position, the Commissioners have under consideration a proposal to effect some reductions in the rate, which will partly relieve the Board from embarrassment, land with economic management 'will, it is hoped, enable it -to meet its engagements. ■' ■
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Bibliographic details
Press, Volume XLVI, Issue 7359, 11 July 1889, Page 5
Word Count
199PUBLIC DEBT SINKING FUND. Press, Volume XLVI, Issue 7359, 11 July 1889, Page 5
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