I.—7c
1881. NEW ZEALAND.
NEW PLYMOUTH HARBOUR BOARD ASSETS AND LIABILITIES. NOTES BY THE HON. MAJOR ATKINSON ON MEMORANDUM LAID ON THE TABLE BY MR. WRIGHT.
Laid on the Table by the Son. Major Atkinson, by leave of the House.
Notes by Major Atkinson on the Statement of Assets and Liabilities of the New Plymouth Harbour Board, laid before the House of Representatives by E. G. Wright, Esq., M.H.R., Chairman of the New Plymouth Harbour Board Inquiry Committee.
, Balance against the colony ... .. ... ... 10524 £218,880 ' £218,880 Balance against the colony ... ... ... ... ... ... 10,524 But as the present value of the bonds is computed from the 1st Nov., 1881, the interest due on that date must be paid out of the assets ... 5,715 £16,239 (a) In 28 years from let November, 1881. (b) Assuming the revenue came in in 10 years, by equal instalments of £3,925. (c) The present value of £4,300 for 10 years is £33,200 j but it is assumed in the calculation that all the land is sold, whereas 34,000 acres have yet to be sold.
By Authority : G-eobgb Didsbury, Government Printer, Wellington.—1881.
NEW PLY] tlOUTH HARBOUK. Memobandttm showing Assets ai id Liabilities to be taken over by the Colony £ e. d. £ a. d. £ s. d. Cash in General Account ... 109,000 0 0 „ Sinking Fund Account ... 28,409 13 1 Land revenue accrued from 31st March to 30th June ... ... 2,464 0 0 Land revenue accrued eince 30th June, 1881 ... ... ... 4,500 9 1 Amount of bonds sold by Harbour Board ... ... ... 200,000 0 0 Amount of bonds purchased byHarbour Board ... ... 9,500 0 0 £ (a)218,880 £190,000 O 0 £ 144,374 144,374 2 2 Land to be sold for cash, — 10,000 acres at Parihaka, at 50s. 25,000 0 0 66,000 acres first-class bush, at 40s. ... ... ... 132,000 0 0 157,000 0 0 25 per cent, due to Board... .. 39,250 0 0 Land to be sold on deferred pay(b) 30,307 ments, —■ 34,000 acres first-class bush, at 40s. ... ... ... 68,000 0 0 25 per cent, due to Board... 17,000 0 0 Amount due on lands already sold ... ... .. 26,000 0 0 43,000 0 0 (c) 30,000 Estimated present value, say ... 30,000 0 0 Other endowments, — Mount Elliott ... ... 3,500 0 0 Kawau Pa ... ... ... 3,000 0 0 Mount McCormick and Woolcombe Terrace ... .. 300 0 0 18i acres at Moturoa... ... 750 0 0 7,350 0 0 3,675 Balance in favour of colony ... 26,799 2 2 If taken at one-half Mr. King's valuation .. ... 3,675 0 0 £217,299 2 2 £217,299 2 2 N.B. —■Nβ credit is to be taken for the value of ti bush land; nor, on the other hand, is the loes estinu he plant; neither is any account taken of the 560,000 acres of rugged ated on taking up 6 per cent, instead of 5 per cent, debentures.
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Bibliographic details
NEW PLYMOUTH HARBOUR BOARD ASSETS AND LIABILITIES. NOTES BY THE HON. MAJOR ATKINSON ON MEMORANDUM LAID ON THE TABLE BY MR. WRIGHT., Appendix to the Journals of the House of Representatives, 1881 Session I, I-07c
Word Count
455NEW PLYMOUTH HARBOUR BOARD ASSETS AND LIABILITIES. NOTES BY THE HON. MAJOR ATKINSON ON MEMORANDUM LAID ON THE TABLE BY MR. WRIGHT. Appendix to the Journals of the House of Representatives, 1881 Session I, I-07c
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