SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1882 Session I, B-12a

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1882. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING- FUNDS FOR THE YEAR ENDED 30th JUNE, 1882,

Laid before loth Houses of the General Assembly in compliance with the 6th Section of " The Public Debts Sinking Funds Act, 1868."

Sir, — Government Buildings, Wellington, 19th July, 1882. I have the honour to transmit to you, to lay before Parliament, the report of the Commissioners of the Public Debts Sinking Funds, and accompanying accounts, for the year ending 30th June, 1882. I have, &c, James Edward FitzGerald, The Hon. the Speaker of the Chairman of the Commissioners of the House of Representatives, Public Debts Sinking Funds.

REPORT. Government Buildings, Wellington, 19th July, 1882. The Commissioners of the Public Debts Sinking Funds have the honour to report that nothing has occurred during the past year to which it is necessary to call the attention of Parliament further than appears in the accounts which accompany this report. James Edward FitzGerald, Chairman of the Commissioners of the Public Debts Sinking Funds.

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the

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IR. Dttbing th: Yeae eht>e: RECEIPTS. £ s. d. £ a d. £ s. d. "New Zealand Loan Act, 1860." Sinking Fund :— On £93,100, at 2 per cent., half-year to 31 December, 1881 931 0 0 Intekest on Investments:— Defence Loan Debentures, — On £12,600 at 4| per cent., one year to 30 June, 1882 £30,700 at 5 per cent., half-year to 31 December, 1881 ... Canterbury Rivers Debentures, —■ On £2,000 at 6 per cent., one year to 14 January, 1882 £300 at 6 per cent., one year to 13 May, 1882 ... £2,000 at 6 per cent., half-year, 9 December, 1881 £1,440 at 6 per cent., one year, 17 May, 1882 ... Borough of Hamilton Debentures, — On £2,830 at 6 per cent., one and a quarter years to 15 April, 1882 ... Immigration and Public "Works Loan Debentures, — On £1,000 at 4 per cent., one year to 15 April, 1882 £2,200 at 4| per cent., one year to 15 April, 1882 Treasury Bills at 3f d. per cent, per diem, — On £880, 1 May to 31st December, 1881 ... £880, 1 January to 30 June, 1882 £1,300, 1 May, 1881, to 30 April, 1882 £1,300, 1 July, 1881, to 30 June, 1882 £6,490, 1 July, 1881, to 30 June, 1882 Deficiency Bills at 5 per cent,- — On £80, 21 July to 31 December, 1881 ... £300, 29 November to 31 December, 1881 ' £380, 31 December, 1881, to 31 March, 1882 ... £2,340, 23 February, 1882, to 31 March, 1882 ... Interest on balances at Bank of New Zealand ... 567 0 0 767 10 0 120 0 0 18 0 0 60 0 0 86 8 0 212 5 0 40 0 0 99 0 0 30 0 5 22 8 1 66 14 7 66 14 5 333 2 5 1 15 9 1 6 4 4 13 8 11 10 9 12 11 5 Securities Realized : — Deficiency Bills, due 31 March, 1882 2,521 6 10 2,720 0 0 6,172 6 10 "Auckland Loan Act, 1863." Intebest on Investments : — Defence Loan Debentures, —■ On £1,200 at 4f per cent., one year to 30 June, 1882 £4,870 at 5 per cent., half-year to 31 December, 1881 ... Canterbury River* Debentures, — On £100 at 6 per cent., one year to 14 January, 1882 Immigration and Public Works Loan Debentures, — On £60 at i\ per cent., one year to 15 April, 1882 Borough of Hamilton Debentures, — On £1,090 at 6 per cent., one and a quarter years to 30 April, 1882 ... Treasury Bills at 3f d. per cent, per diem, — On £240, 1 May, 1881, to 30 June, 1882 ... £120, 1 May, 1881, to 30 April, 1882 £1,800, 1 July, 1881, to 30 June, 1882 Deficiency Bills, — On £850 at 5 per cent., 21 July to 31 December, 1881 £40 at 5 per cent., 29 November to 31 December, 1881 ... £890 at 5 per cent., 31 December, 1881, to 31 March, 1882 £250 at 5 per cent., 23 February to 31 March, 1882 Interest on balance at Bank of New Zealand ... 54 0 0 121 15 0 fi 0 0 2 14 0 81 15 0 14 7 7 6 3 1 92 7 10 18 19 7 0 3 6 10 19 5 14 8 3 8 2 * Securities Realized : — Deficiency Bills, due;31 March, 1882 413 17 10 1,140 0 0 1,553 17 10 " Wellin&ton Loan Act, 1866." Sinking Fund ; — On £13,500 at 2 per cent,, half-year to 31 December, 1881 135 0 0 Interest on Investments: — Defence Loan Debentures, — On £3,150 at 5 per cent., half-year to 31 December, 1881 ... £780 at 4| per cent., one year to 30 June, 1882 Canterbury Rivers Debentures, — On £200 at 6 per cent., one year to 14 January, 1882 £70 at 6 per cent., one year to 17 May, 1882 ... £500 at 6 per cent., half-year to 9 December, 1881 Treasury Bills at 3|d. per cent, per diem, — On £370, 1 May, 1881, to 30 June, 1882 ... £600, 1 May, 1881, to 30 April, 1882 £720, 1 July, 1881, to 30 June, 1882 ... £80, 1 July, 1881 to 30 June, 1882 ... 78 15 0 35 2 0 12 0 0 ■1 4 0 15 0 0 22 3 4 30 16 0 36 19 2 4 2 2 Carried forward 239 1 8 135 0 0 7,726 4 8

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS,

Ith 'toe, 1882. DISBURSEMENTS. £ s. d. £ s. d. £ s. d. "New Zealand Loan Act, 1860." Investments : — Deficiency Bills bearing interest at 5 pei* cent, per annum, — 21July, 1881 29 November, 1881 23 February, 1882 Defence Loan Debentures bearing interest at 5 per cent, per annum, — 1 July, 1881 .., Treasury Bills bearing interest at 3fd. per cent, per diem, — 1 July, 1881 ... 2,340 0 0 2,000 0 0 80 0 0 300 0 0 170 0 0 4,890 0 0 "Auckland Loan Act, 1863." Investments : — Deficiency Bills bearing interest at 5 per cent, per annum, — 21 July, 1881 29 November, 1881 23 February, 1882 850 0 0 40 0 0 250 0 0 1,140 0 0 "Welmnoton Loan Act, 1866." Investments : — Deficiency Bills bearing interest at 5 per cent, per annum, — 21 July, 1881 29 November, 1881 ... 23 February, 1882 300 0 0 40 0 0 280 0 0 620 0 0 Carried forward 6,650 0 0

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4

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the

'l-,. 'TJEING- TH: ear ende: RECEIPTS. £ s. d. £ s. d. £ s. d. Brought, forward "Wellington Loan Act, 1866"— continued. Intebest on Investments — continued. Borough of Hamilton Debentures, — On £100 at 6 per cent., one and a quarter years to 30 April, 1882 ... Deficienc}' Bills, — On £300 at 5 per cent., 21 July to 31 December, 1881 £40 at 5 per cent., 29 November to 31 December, 1881 ... £340 at 5 per cent., 31 December, 1881, to 31 March, 1882 ... £280 at 5 per cent,, 23 February, 1882, io 31 March, 1882 ... Interest on balances at Bank of New Zealand ... 239 1 8 135 O 0 7,726 4 8 7 10 0 6 13 11 0 3 6 4 3 10 17 8 2 7 4 Securities Realized :— Deficiency Bills, due 31 March, 1882 261 7 11 620 0 0 1,016 7 11 "Nelson Waterwoeks Loan Act, 1864." Nil. " Canterbury Loan Ordinance, 1856." Nil. "Lyttelton and Chbistchubch Railway Loan Ordinance, 1860." Sinking- Fund : — On £77,700 at 2 per cent., one year to 30 June, 1882 ... 1,554 0 0 Interest on Investments : — Defence Loan Debentures, — On £3,300 at 5 per cent., half-year to 31 December, 1881 ... £100 at 4i per cent., one year to 30 June, 1882 Canterbury Rivers Debentures, — On £900 at 6 per cent., one year to 14 January, 1882 £1,700 at 6 per cent., one year to 13 May, 1882 £1,310 at 6 per cent., one year to 17 May, 1882 Borough of Hamilton Debentures, — On £200 at 6 per cent., 30 April to 25 June, 1881 £2,500 at 6 per cent., three months to 30 April, 1881 ... £2,300 at 6 per cent., one year to 30 April, 1882 Immigration and Public Works Loan Debentures, —■ On £800 at 4| per cent., one year to 15 April, 1882 Treasury Bills, — On £16,230, 1 May, 1881, to 30 June, 1882 £1,110, 1 May, 1881, to 30 April, 1882 £3,870, 1 July, 1881, to 30 June, 1882 £450, 1 July, 1881, to 30 June, 1882 ... Deficiency Bills, — On £1,570 at 5 per cent., 21 July to 31 December, 1881 £810 at 5 per cent,, 29 November to 31 December, 1881 ... £2,410 at 5 per cent., 31 December, 1881, to 31 March, 1882 £1,240 at 5 per cent., 23 February to 31 March, 1882 ... Interest on balances at Bank of New Zealand ... 82 10 0 4 10 0 54 0 0 102 0 0 78 12 0 1 16 10 37 10 0 138 0 0 36 0 0 972 5 5 56 19 7 198 12 9 23 1 10 35 1 1 3 13 7 29 14 3 6 2 4 17 11 10 Secubities Realized ': — Borough of Hamilton Debentures, due 25 June, 1881 ... Deficiency Bills, due 31 March, 1882 1,878 1 6 200 0 0 3,650 0 0 3,850 0 0 " Canteebubt Loan Obdiwance, 1862." Sinking Fund .- — On £22,800 at 1 per cent., one year to 30 June, 1882 ... 7,282 1 6 228 0 0 Interest on Investments : — Defence Loan Debentures, — On £370 at 4i yer cent,, one year to 30 June, 1882 £300 at 5 per cent., half-year to 31 December, 1881 Canterbury Rivers Debentures, — On £100 at 6 per cent., one year to 14 Januaiy, 1882 £180 at 6 per cent., one year to 17 May, 1882 ... Borough of Hamilton Debentures, — On £90 at 6 per cent., one and a quarter years to 30 April, 1882 ... Immigration and Public Works Loan Debentures,' — On £100 at 4£ per cent., one year to 15 April, 1882 16 13 0 7 10 0 6 0 0 10 16 0 6 15 0 4 10 0 Carried forward 52 4 0 228 0 0 16,024 14 1

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS,

:0th June, 1882. DISBURSEMENTS; £ s, d. £ a. d. £ s. d. Brought forward 6,650 0 0 "Nelsok Waterwobxs Loan Act, 1864." Amount realized and paid into the Public Account 28 16 10 " Canterbuey Loan Ordinance, 1856." Amount realized and paid into the Public Account 208 7 9 "LYTTEXTON-AND CHRISTCHtTRCH RAILWAY LOAN ORDINANCE, 1860." Investments :— Deficiency Bills bearing interest at 5 per cent, per annum, — 21 July, 1881 29 November, 1881 23 February, 1882 1,570 0 0 840 0 0 1,240 0 0 3,650 0 0 " Canterbury Loan Ordinance, 1862." Investments : — Deficiency Bills bearing interest at 5 per cent, per annum, — 21 July, 1881 29 November, 1881 23 February, 1882 150 0 0 50 0 0 150 0 0 350 0 0 Carried forward 10,887 4 7

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the

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'K. 'TTBING THE EAB ENDE. RECEIPTS. £ s. d. £ s. d. £ s. d. Brought forward 52 4 0 228 0 0 16,024 14 1 "Cantebbuey Loan Ordinance, 1862" — continued. Intebests on Investments — continued. Treasury.'BiUs at 3td. per cent, per diem, — On £330, 1 May, 1881, to 30 June, 1882 ... £330, 1 May, 1881, to 30 April, 1882 ... £370, 1 July, 1881, to 30 June, 1882 ... £20, 1 July" 1881, to 30 June, 1882 ... Deficiency Bills, — On £150 at 5 per cent., 21 July to 31 December, 1881 £50 at 5 per cent., 29 November to 31 December, 1881 ... £200 at 5 per cent., 31 December, 1881, to 31 March, 1882 ... £150 at 5 per cent., 23 February to 31 March, 1882 Interest on balances at Bank of New Zealand ... 19 15 4 16 18 9 18 19 10 10 7 3 7 0 0 4 4 2 9 4 0 14 9 1 12 11 Secueities Eealized : — Deficiency Bills, due 31 March, 1882 117 6 10 350 0 0 695 6 10 "Westland Loan Act, 1873." Receipts teom Colonial Teeasuey... 95 0 0 Interest on Investments : — Borough of Hamilton Debentures, — On £40 at 6 per cent., one and a quarter years to 30 April, • • -1882 ... Treasury Bills at 3|d. per cent, per diem, — On £650, 1 May, 1881, to 30 April, 1882 ... £200, 1 July, 1881, to 30 June, 1882 ... £20, 1 July, 1881, to 30 June, 1882 ... Interest on balances at B ank of New Zealand ... Deficiency Bills, — On £100 at 5 per cent., 29 November, 1881, to 31 March, 1882 3 0 0 33 7 2 10 5 4 10 7 14 3 1 13 5 50 10 9 Securities Eealized : — Deficiency Bills, due 31 March, 1882 100 0 0 245 10 9 " Otago Loan Ordinance, 1862." Interest on Investments : — Defence Loan Debentures, — On £7,680 at 5 per cent., half-year to 31 December, 1881 ... £4,950 at 4J- per cent., one year, to 30 June, 1882 Canterbury Eiveis Debentures, — On £200 at 6 per cent., one year to 14 January, 1882 £1,500 at 6 per cent., one year to 17 May, 1882 £2,000 at 6 per cent., half-year to 9 December, 1881 Immigration and Public Works Loan Debentures, — On £40 at 4i per cent., one year to 15 April, 1882 City of Dunedin Mortgage,— On £3,300 at 7 per cent., one year, to 1 January, 1882 Borough, of Hamilton Debentures,— On £250 at 6 per cent., one and a quarter years, to 30 April, 1882 ... Treasury Bills at 3f d. per cent, per diem,— On £5,850, 1 May, 1881, to 30 June, 1882 £2,890, 1 May, 1881, to 30 April, 1882 £4,250, 1 July, 1881, to 30 June, 1882 £230, 1 July, 1881, to 30 June, 1882 ... Deficiency Bills, — On £1,050 at 5 per cent., 21 July to 31 December, 1881 £430 at 5 per cent., 29 November to 31 December, 1881 ... £1,480 at 5 per cent., 31 December, 1881, to 31 March, 1882 £540 at 5 per cent., 23 February to 31 March, 1882 Interest on balances at Bank of New Zealand ... 192 0 0 222 15 0 12 0 0 90 0 0 60 0 0 1 16 0 231 0 0 18 15 0 350 9 0 148 6 9 218 2 10 11 16 1 23 8 11 1 17 9 18 4 11 2 13 3 9 0 1 1,612 5 7 Securities Eealized : — Deficiency Bills, due 31 March, 1882 2,020 0 0 3,632 5 7 "North Otago District Public Woeks Loan Act, 1872." Interest on Investments : — Interest on balances at Bank of New Zealand ... Land Revenue, per Colonial Treasury,— Sales Depasturing Licenses, &c. 33 18 4 1,004 11 6 10,879 7 10 11,883 19 4 Carried forward ... ... ... . 11,917 17 8 20,597 17 3

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS,

Ce, 10th June, 1882. DISBURSEMENTS. £ s. d. £ s. d. £ s. d. Brought forward 10,887 4 7 "Westland Loan Act, 1873." Investments -.— Deficiency Bills bearing interest at 5 per cent, per annum, — 29 November, 1881 100 0 0 " Otago Loan Oedinanoe, 1862." Investments : — Deficiency Bills bearing interest at 5 per cent, per annum, — 21 July, 1881 29 November, 1881 ... 23 February, 1882 Defence Loan Debentures bearing interest at 5 per cent, per 1,050 0 0 430 0 0 540 0 0 annum, — Uuly, 1881 ... 1,000 0 0 3,020 0 0 "Noeth Otago Disteict Public Woeks Loan Act, 1872." Payment to Post Office Account in redemption of Debentures of this Loan Payments to Public Account, — Interest due 1 May, 1881, on outstanding Debentures of Loan Interest due 1 November, 1881, on ditto 14,800 0 0 429 10 5 375 8 9 804 19 2 Carried forward 15,604 19 2 14,007 4 7

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8

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the

15th July, 1882.

Dubifg th: Teak ende: IB. RECEIPTS. £ s. d. £ b. d. £ s. d. B rought forward "NOBTH OTAGO DlSTKICT PUBLIC WOBKS LOAN Ad, 1812"—continued. 11,917 17 8 20,597 17 3 Securities Eeahzed : — Defence Loan Debentures, due 1 July Treasury Bills, due 1 July ... 3,000 0 0 170 0 0 3,170 0 0 15,087 17 8 Baiance on 30 June, 1881:— Cash in the Bank of New Zealand, Wellington 8,389 8 11 44,075 3 10

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS,

James C. Gavin, Secretary and Accountant to the Commissioners. Examined and found correct, James Edward FitzGerald, Controller and Auditor-General, 15th July, 1882.

2—33. 124,

ITH TJNE, i82. Ch, DISBUESEMENTS. £ s. d. £ a. d. £ s. d. Brought forward 15,604 19 2 14,007 4 7 Balance on 30 June, 1882: — Cash in the Bank of New Zealand, Wellington 15,604 19 2 14,463 0 1 44,075 3 10

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James C. Gavin, 12th July, 1882. Secretary and Accountant to the Commissioners.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on 30 June, 1882.

10

Loans in kespect of which the Sinking Funds Abe held. Secueities. When Securities are Redeemable. ■£*■ o " <B ft M " New Zealand j Loan Act, 1860." " Auckland Loan Act, 1863." " Lyttelton and Christchurch Hallway Loan Ordinance, 1860." Canterbury Loan Ordinance, 1862." "Otago Loan Ordinance, 1862." "North Otago District Public Works Loan Act, 1872." Totals. "Wellington Loan Act, 1866." " Westland Loan Act, 1873." 5 £ s. d. £ s. d. 30,700 0 0 4,870 0 0 £ s. d. 3,150 0 0 £ s. d. 3,300 0 0 £ s. d. 300 0 0 £ s. d. £ s. d. 7,680 0 0 £ s. d. £ s. d. j 50,000 0 C Defence Loan Debentures... 31 Dec, 1885 Ditto ... 1 July, 1910 41 12,600 0 0 1,200 0 0 1,000 0 0 780 0 0 100 0 0 370 0 0 4,950 0 0 20,000 0 C Immigration and Public Works Loan Debentures 15 April, 1913 4 1,000 0 C Ditto ... 15 April, 1882 41 . _ __ _ „ 2,200 0 0 60 0 0 800 0 0 100 0 0 40 0 0 3,200 0 C Treasury Bills ... 31 Dec, 1882 3fd. 6,490 0 0 1,800 0 0 1,300 0 0 120 0 0 720 0 0 3,870 0 0 370 0 0 200 0 0 4,250 0 0 17,700 o c Ditto ... 1 Nov., 1882 3fd. 600 0 0 1,110 0 0 330 0 0 650 0 0 2,890 0 0 7,000 0 c Ditto ... 30 June, 1883 3fd. 2,180 0 0 240 0 0 450 0 0 I |16,680 0 0 350 0 0 20 0 0 6,080 0 0 26,000 0 C Canterbury Rivers Debentures 13 May, 1927 6 300 0 0 1,700 0 0 2,000 0 C Ditto ... 17 Nov., 1897 6 1,440 0 0 70 0 0 1,310 0 0 180 0 0 1,500 0 0 4,500 0 C Ditto ... 9 Dec, 1884 6 2,000 0 0 500 0 0 2,000 0 0 4,500 0 C Ditto ... 14 Jan., 1898 6 2,000 0 0 100 0 0 200 0 0 900 0 0 100 0 0 200 0 0 3,500 0 C City of Dunedin Mortgage 1 July, 1898 7 3,300 0 0 3,300 0 C Borough of Hamilton Debentures ... 31 Jan., 1891 6 2,830 0 0 1,090 0 0 65,040 0 0 9,480 0 0 100 0 0 2,300 0 0 32,070 0 0 90 0 0 40 0 0 250 0 0 6,700 0 C 149,400 0 C 6,570 0 0 2,190 0 0 910 0 0 33,140 0 0 Cash in the B ank of New Zealand ... 3,537 14 5 ! 1,278 5 11 697 14 5 5,211 19 6 517 0 0 194 1 2 2,669 5 10 35,809 5 10 356 18 10 14,463 0 1 163,863 0 1 Total Securities and Cash ... 68,577 14 5 10,758 5 11 7,267 14 5 37,281 19 6 2,707 0 0 1,104 1 2 356 18 10

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Funds Accrued on 30th June, 1882.

STATEMENT of the Expenses incurred during the Tear ended 30th June, 1882. £ 8. d. Salary of Secretary and Accountant, from 1 July, 1881, to 30 June, 1882 ... 50 0 0 James C. Gavin, Wellington, 12th July, 1882. Secretary and Accountant to the Commissioners,

Authority : Geob&e Didsbubt, Government Printer, Wellington.—lBB2.

Loan. Debentures in Circulation. Rate of Sinking Fund. When Redeemable. Sinking Fund Accrued. "New Zealand Loan Act, 1860" '■' Auckland Loan Act, 1863 " " Wellington Loan Act, 1866 " "Lyttelton and Christchurch Railway Loan Ordinance, 1860" * Canterbury Loan Ordinance, 1862 " '■' Westland Loan Act, 1873 " '■' Otago Loan Ordinance, 1862 " :c North Otago District Public Works Loan Act, 1872" £ 93,100 31,600 13,500 Per cent. 2 2 2 1 July, 1891 1 June, 1896 1 July, 1886 £ 68,577 14 5 10,758 5 11 7,267 14 5 77,700 22,800 50,000 116,700 2 1 # 1894 and 1897 ... 50 years from date of issue 15 April, 1894 .., 4 July, 1898 37,281 19 6 2,707 0 0 1,104 1 2 35,809 5 10 1 2,200 1 November, 1902 356 18 10 Totals 407,600 163,863 0 1 * The Loan if secured on lam Is specially set apart.