THE COLONY'S LOANS.
DEBENTURES FOR RENEWAL. A FORMIDABLE LIST. (Faou Our Own Corkt.spondent.) WELLINGTON, Juno 27. An old member of the House, who has been making a study of the finances of the country, stated, in tho course of an interview. that, he has been greatly struck with tile largo number of Ihe colony's loans that will shortlv require renewal. Ho gives tho following list of debentures, some of which may already havo been renewed by Pir Joseph Ward during his visit to England 1906.—£150,000, due dale January 1; £10.000, February 1; £30.000. February 1; £175.000, Ami! 1; £10.000. April ' 1; £50.000, .Tune. 30: £125.000. October 31; £45.?,76, October 31; £769.<1f)0, October 31; £3000, November 1; £100.000. December 1; £1000. December 1:—tola!, £1.458.766. 1907.— £Pfl.ofllV tine dnt» February ]; £3(10.000. March 1; £140.000, April 1; £3500. Mav 1: £140.662, June 1; £50,000, June 30; £250.300. Senlendw 1; £609.500, December -31:—total. £1.351,062. 1908—£559.600, due dat" Kebruarv 1; £20 0110. February 1; f!?0 (PO, April 1; £227.400, April "1; £550.000, April 1 ; £125.000, April 1: £00.000, June 5; £230.650, August 1: £433, August 1; £400.000. Sentomber 30; £152.700, December I;—total. £2,055,788. 1909. —£29.400, due dale Ja.nuary 1; £17.600. January 1: £W..50(l January 1; £fi n 5.000, January 1; £55 000, January 1; £65 000. Jannarv 4; £100 000. Januarv 4fWOPOO. February 1; P-W 000, April 1£62.000. April 1; £263.350. Mav 1; £337.400, May 1; £149,600. May 1: £40.000. July 1: £127,500, Sopfomber 30;— total, £2.5P3.550. "Thus," noefimtarl the member, "wo (ret a total of £7,740.065 loan money fallintr duo bv 1919. a very rmi"h greater amount I hail for the similar neriftl up lo 1905. T do not consider it pond finance In borrow in such a wav in odd lots, malurim? at different periods, for fiwoi"nt!y wh"n these small loans are renewoil it means additional cost. In connection with some of the loans I'onou'od lost, year ihe coct was considerable."
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Otago Daily Times, Issue 13631, 28 June 1906, Page 7
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318THE COLONY'S LOANS. Otago Daily Times, Issue 13631, 28 June 1906, Page 7
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