GOVERNMENT BORROWING.

Otago Witness, Issue 3099, 6 August 1913, Page 10

GOVERNMENT BORROWING.

DETAILS FOR THE YEAR. {From Our Own Correspondent.) WELLINGTON, July 29. A return of all the moneys borrowed by the Treasury during the current financial year, giving particulars as to the source from which the loan was borrowed, the terms on which they were borrowed, the period of the loans, and the rates of interest payable, was presented to the House of Representatives to-day by the Ho tv J. Allen (Minister of Finance). The following are the details (the amount, source, rate, currency, and purpose for which every loan was obtained); — £15,000; London; 3i per ceoit; January 1, 1940; Naval Defence Act, 1909. £100,000; London; 4 per cent; February 1, 1963; Aid to Public Works and Land Settlement Act, 1912. £100,000; London; 4 per cent.; Novem her 1, 1929; Aid to Public Works and Land Settlement Act, 1912. £125,000; London; 4 per cent. ; February 1, 1963; Advances to Settlers. £75,000 ; London; 4 per cent.; February 1, 1963; Advances to Local Authorities. £100,000; London ; 4 per cent. ; February 1, 1963; Land for Settlement. £100,000; London, 4 per cent. ; February 1, 1963; on account of charges and expenses of the £5,000,000 loan. £SOOO ; Post Office; 4 per cent. ; May 1, 1919 ; Scenery Preservation Act, 1908. £IO,OOO ; Post Office ; 4 per cent. ; January 1, 1918; Government Railway Amendment Act, 1910. £100.000; New Zealand State Guaranteed Advances Office; 3i( per cent.; December 31, 1913; Treasury Bill. £100,000; Post Office; 4 per cent. ; December 31, 1913; Treasury Bill. £100,000; New Zealand State Guaranteed Advances Office; 4 per cent.; December 31, 1913; Treasury Bill. £50,000; New Zealand Loan and Mercantile Agency Company, Ltd. ; 31 per cent. ; November 30, 1913; Treasury Bill. £30,000; Public Works Fund; 4 per cent.; May 1, 1918; Aid to Water-power Works Act, 1910. These give a total of £1.010,000.