The Northern Advocate MONDAY, SEPT. 24, 1906. LAST YEAR'S LOANS.

Northern Advocate, 24 September 1906, Page 2

The Northern Advocate MONDAY, SEPT. 24, 1906. LAST YEAR'S LOANS.

The loans raised during the financial year ended March 31st were as follows:—Aid to Public Works and Land Settlement, 4 per cent., £1,000,000 (charges £8564) ; Hutt Railway and Road Improvement, 4 per cent., £25,000, 3£ per cent. £55,000 (charges £125) ; Railways Improvement Authorisation Act, 1904, 4 per cent., £92,500 (charges £949 18s 6d) ; Consolidated Stock Act, 1884, 3£ per cent., £65,000 ; Land for Settlements Consolidation Act, 1900, 4 per cent. £491,225, 3£ per cent. £20,000 (charges £2474) ; Maori Land Settlement Act, 1905, 4 per cent., £134---025 (charges £536) ; Loans to Local Bodies Act, 1901, 3£ per cent. £101,---000, 4 per cent. £50,000 ; Government Advances to Settlers Act, 1894, 3£ per cent., £310,000. The total amount raised was £2,343,750 ; the charges totalled £12,650 and the preminums received £11,229. The premiums were £9229 on the half million raised in Australia at 4 per cent., and £2000 on £100,000 of the 1 per cent. Maori Land Settlement Loan, also raised in Australia. Of the total amount raised £1,383,100 was found in Australia and £960,650 in this State. All the 3£ per cents, were raised here, through the Post Office. The loans and debentures falling due next year amount to £2,168,---766. The rate of interest at present being paid is 3£ and 4 per cent. Another return shows the loans and debentures matured in 1905-6, giving particulars of conversions, renewals and redemptions ; £408,700 was converted, £217,500 renewed, and £824,---500 redeemed, the total being £1,---450,700. The total charges and expenses amounted to £21,246.