SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1884 Session I, B-07

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1883. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOB THE NINE MONTHS ENDED 31st MARCH, 1883.

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

REPOET. Sir, — Government Buildings, Wellington, 27th June, 1883. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament their report and accounts for the nine months ending 31st March last. The accounts have been made up for that period in conformity with the requirements of section 15 of " The Public Revenues Act, 1882." Nothing in the proceedings of the Commissioners has occurred during the period to call for remark. I have, &c, James Edward EitzGeeald, Chairman of the Commissioners of the Public Debts Sinking Funds. The Hon. the Speaker of the House of Representatives.

* Laid on the Table in 1883, but not printed in the Appendix to the Journals of that year.

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the Dr. During the Nine Months

RECEIPTS. £ s. d. £ s. d. £ s. d. " New Zealand Loan Act, 1860." Sinking Fund :— On £93,100 at 2 per cent, per annum, one year to 31 December, 1882 .. .. .. .. .ft* 1,862 0 0 Intekest on Investments :— Defence Loan Debentures, — On £30,700 at 5 per cent., one year to 31 December, 1882 .. £12,600 at 4J per cent., half-year to 31 December, 1882.. Immigration and Public Works Loan Debentures, — On £1,000 at 4 per cent., half-year to 15 October, 1882 £2,200 at 4J per cent., half-year to 15 October, 1882 Treasury Bills at 8|d, per cent., per diem, — On £1,300, 184 days to 31 October, 1882 £1,300, 61 days to 31 December, 1882 £8,670, 184 days to 31 December, 1882 Canterbury Bivers Debentures, — On £2,000 at 6 per cent., one year to 9 December, 1882 £2,000 at 6 per cent., one year to 14 January, 1883 £300 at 6 per cent., half-year to 13 November, 1882 £1,440 at 6 per cent., half-year to 17 November, 1882 .. Borough of Hamilton Debentures, — On £2,830 at G per cent., three months to 31 July, 1882 Borough of Hawera Debentures, — On £2,000 at G per cent., half-year to 1 February, 1883 Waitara Harbour Board Debentures, — On £3,000 at 6 per cent., half-year to 1 January, 1883 Bank of New Zealand, — Interest on credit balances to 31 March, 1883 1,535 0 0 283 10 0 20 0 0 49 10 0 33 12 9 11 8 1 224 G 8 120 0 0 120 0 0 9 0 0 43 4 0 42 9 0 GO 0 0 90 0 0 60 13 7 2,702 9 1 4,504 9 1 " Auckland Loan Act, 1863." Sinking Fund :—. On £31,600 at 2 per cent., one year to 1 July, 1882 632 0 0 Interest on Investments :— Defence Loan Debentures, — On £4,870 at 5 per cent., one year to 31 December, 1882 £1,200 at 4£ per cent., half-year to 31 December, 1882 .. Immigration and Public Works Loan Debentures, — On £60 at 4J.per cent., half-year to 15 October, 1882 Treasury Bills at 3§d. per cent, per diem, —■ On £120, 184 days to 31 October, 1882 £120, 61 days to 31 December, 1882 £2,040, 184 days to 31 December, 1882 Canterbury Eivers Debentures, — On £100 at 6 per cent., one year to 14 January, 1883 Borough of Hamilton Debentures, — On £1,090 at 6 per cent., three months to 31 July, 1882 Waitara Harbour Board Debentures, — On £1,000 at 6 per cent., half-year to 1 January, 1883 Bank of New Zealand, — Interest on credit balances to 31 March, 1883 24-3 10 0 27 0 0 17 0 3 2 1 17 0 52 15 8 0 0 0 16 7 0 30 0 0 33 19 4 415 1 8 1,047 1 8 " Wellington Loan Act, 1866." Sinking Fund :• — On £13,500 at 2 per cent., one year to 31 December, 1882 270 0 0 Intebest on Investments:— Defence Loan Debentures, — On £3,150 at 5 per cent., one year to 31 December, 1882 £780 at 4J per cent., half-year to 31 December, 1882 Treasury Bills at 3|d. per cent, per diem, —■ On £600, 184 days to 31 October, 1882 £600, 61 days to 31 December, 1882 £1,170, 184 days to 31 December, 1882 Canterbury Eivers Debentures, — On £500 at 6 per cent., one year to 9 December, 1882 £200 at 6 per cent., one year to 14 January, 1883 £70 at 6 per cent., half-year to 17 November, 1882 Borough of Hamilton Debentures, — On £100 at 6 per cent., three months to 31 July, 1882 Bank of New Zealand, — Interest on credit balances to 31 March, 1888 157 10 0 17 11 0 15 10 6 5 2 11 30 5 6 30 0 0 12 0 0 2 2 0 1 10 0 25 1G 10 297 8 9 567 8 9 Carried forward 6,178 19 6

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS, ended 31st March, 1883. Cr.

DISBURSEMENTS. £ s. d. £ s. d. £ s.;a. "New Zealand Loan Act, 1860." Investments :— Waitara Harboar Board Debentures at par : Principal due 1 July, 1897 ; interest, at 6 per cent., payable 1 January and 1 July; sinking fund, 1 per cent. .. Borough of Patea Debentures: Share of £5,000 advanced on security of £10,000 Debentures ; advance to bear interest at 6 per cent., payable 1 August and 1 February Borough of Hawera Debentures at par: Principal due 1 August, 1897; interest, at 6 per cent., payable 1 Pobruary and 1 August Immigration and Public Works Loan Debentures: Amount invested in £89, part of debentures for £6,500, bearing interest at 4£ per cent., purchased for £6,000 6s. 3d. ; interest payable 15 April and 15 October; principal 15 April, 1913 .. 3,000 0 0 3,000 0 0 ♦ , 2,000 0 0 82 0 0 8,082 0 0 I "Auckland Loan Act, 1863." Investments :—• Waitara Harbour Board Debentures at par: Principal due 1 July, 1897 ; interest, at 6 per cent., payable 1 January and 1 July; sinking fund, 1 per cent. Immigration and Public Works Loan Debentures: Amount invested in £1,408, part of debentures for £6,500, bearing interest at 4J per cent., purchased for £6,000 6s. 3d.; interest payable 15 April and 15 October; principal payable 15 April, 1913 .. 1,000 0 0 1,300 0 0 2, £03 0 0 " Wellington Loan Act, 1866." Investments :— Immigration and Public Works Loan Debentures: Amount invested in £1,354, part of debentures for £6,500, bearing interest at 4J per cent., purchased for £6,000 6s. 3d.; interest payable 15 April and 15 October; principal payable 15 April, 1913 .. 1,250 0 0 1,250 0 0 f % Carried forward 11,632 0 0

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4

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the Dr. During the Nine Months

RECEIPTS. £ s. d. £ s. d. £ s. d. Brought forward 6,178 19 6 " Lyttelton and Chbistchubch Eailway Loan Ordinance, 1860." Sinking Fund :— On £77,700 at 2 per cent., half-year to 31 December, 1882 777 0 0 Interest on Investments: — Defence Loan Debentures, — On £3,300 at 5 per cent., one year to 31 December, 1882 .. £100 at 4J per cent., half-year to 31 December, 1882 Immigration and Public Works Loan Debentures, — On £800 at 4J per cent., half-year to 15 October, 1882 Treasury Bills at 8|d. per cent, per diem,— On £1,110, 184 days to 31 October, 1882 £1,110, 61 clays to 31 December, 1882 £20,534, 184 days to 31 December, 1882 Canterbury Eivers Debentures, — On £900 at 6 per cent., one year to 14 January, 1883 £1,310 at 6 per cent., half-year to 17 November, 1882 .. £1,700 at 6 per cent., half-year to 13 November, 1882 .. Borough of Hamilton Debentures, — On £2,300 at 6 per cent., three months to 31 July, 1882 Borough of Hawera Debentures, — On £3,000 at 6 per cent., half-year to 1 February, 1883 Waitara Harbour Board Debentures,—On £2,000 at 6 per cent., half-year to 1 January, 1883 Bank of New Zealand, — Interest on credit balances to 31 March, 1883 165 0 0 2 5 0 18 0 0 28 14 6 9 10 5 531 14 8 54 0 0 39 6 0 51 0 0 ■t 34 10 0 90 0 0 60 0 0 64 18 4 1,148 18 11 1,925 18 11 " Cantebbuby Loan Ordinance, 1862." Sinking Fund :— On £22,800 at 1 per cent., half-year to 31 December, 1882 114 0 0 Interest on Investments:— Defence Loan Debentures, — On £300 at 5 per cent., one year to 31 December, 1882 £370 at 4J per cent., half-year to 31 December, 1882 Immigration and Public Works Loan Debentures, — On £100 at 4J per cent., half-year to 15 October, 1882 Treasury Bills at 3jjd. per cent, per diem— On £330, 184 days, to 31 October. 1882 £330, 61 days, to 31 December, 1882 £720, 184 days, to 31 December, 1882 Canterbury Rivers Debentures,- — On £100 at 6 per cent., one year to 14 January, 1883 £180 at 6 per cent., half-year to 17 November, 1882 Borough of Hamilton Debentures, — On £90 at 6 per cent., three months to 31 July, 1882 Bank of New Zealand, — Interest on credit balances to 31 March, 1883 15 0 0 8 6 6 2 5 0 8 10 9 2 16 7 18 12 8 6 0 0 5 8 0 17 0 16 1 3 84 7 9 ■' Westland Loan Act, 1873." Beceipts from Colonial Treasury 198 7 9 54 17 6 Interest on Investments :— Treasury Bills at 3|d. per cent, per diem,— On £650, 184 days, to 31 October, 1882 .. £6dO, 61 days, to 31 December, 1882 £220, 184 days, to 31 December, 1882 ... Borough of Hamilton Debentures, — On £40 at 6 per cent., three months to 31 July, 1882 Bank of New Zealand, — Interest on credit balances to 31 March, 1883 16 16 4 5 11 6 5 13 11 0 12 0 9 17 3 38 11 0 " Otago Loan Ordinance, 1862." 93 8 6 Sinking Fund :— On £116,700 at 1 per cent., one year to 1 July, 1882 Interest on Investments: — Defence Loan Debentures, — On £7,680 at 5 per cent., one year to 31 December, 1882 £4,950 at 4J per cent., half-year to 31 December, 1882 .. Immigration and Public Works Loan Debentures, — On £40 at 4J per cent., half-year to 15 October, 1882 Treasury Bills at 3|d. per cent, per diem, — On £2,890, 184 days, to 31 October, 1882 £2,890, 61 days, to 31 December, 1882 £10,330, 184 days, to 31 December, 1882 384 0 0 111 7 6 1,167 0 0 0 18 0 74 15 7 24 15 10 267 5 8 Carried forward 8,396 14 8

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5

COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS, ended 31st March, 1883. Cr.

DISBUESEMENTS. £ s. d. £ s. d. £ s. d. Brought forward .. . < .. . < " Lyttelton and Chbistohoeoii Railway Loan Obdinance ( 1860," Investments :— Waitara Harbour Board Debentures at par: Principal due 1 July, 1897; interest, at 6 per cent., payable 1 January and 1 July; sinking fund, 1 per cent. Borough of Hawera Debentures at par: Principal due - ; interest, at 6 per cent., payable 1 August and 1 February Borough of Patea Debentures: Share of £5,000 advanced on security of £10,000 Debentures; advance to bear interest at 6 per cent., and payable 1 August and 1 February.. Immigration and Public Works Loan Debentures: Amount invested in £108, part of debentures for £6,500, bearing interest at 4J per cent., purchased for £6,000 6s. 3d.; interest payable 15 April and 15 October ; principal 15 April, 1913 .. 2,000 0 0 3,000 0 0 11,632 0 0 ♦ , 2,000 0 0 100 0 0 7,100 0 0 » " Cantebbuky Loan Ordinance, 1862." Investments :— Immigration and Public Works Loan Debentures : Amount invested in £765, part of debentures for £6,500, bearing interest at 4Jper cent., purchased for£6,000 6s. 3d.; interest payable 15 April and 15 October; principal payable, 15 October, 1913 706 0 0 " Westland Loan Act, 1873." Investments :— Immigration and Public Works Loan Debentures: Amount invested in £308, part of debentures for £6,500, bearing interest at 4£ per cent., purchased for £6,000 6s. 3d.; interest payable 15 April and 15 October; principal payable, 15 April, 1913 .. 284 0 0 " Otaso Loan Obdinancb, 1862." Investments :— Waitara Harbour Board Debentures at par; Principal due 1 July, 1897 ; interest at 6 per cent., payable 1 July and 1 January ; Sinking Fund, 1 per cent. Immigration and Public Works Loan Debentures : Amount invested in £2,419, part of debentures for £6,500 bearing interest at 4£ per cent., purchased for £6,000 6s. 3d.; interest payable 15 April and 15 October ; principal 15 April, 1913 .. 3,000 0 0 2,233 6 3 5,233 6 3 %, Carried forward 24,955 6 3

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the Dr. During the Nine Months

19th June, 1883.

RECEIPTS. £ s. a. £ s. a. £ s. d. Brought forward .. .. .. .; " Otago Loan Ordinance, 1862 " — continued. Interest on Investments — continued. Canterbury Bivers Debentures, —• On £2,000 at 6 per cent., one year to 9 DooenibeK, 1882 £200 at 6 per cent., one year to 14 January, 1883 £1,500 at 6 per cent., half-year to 17 November* 1882 .. Borough of Hamilton Debentures, —- On £250 at G per cent., three months to 31 July, 1882 City of Dunodin Mortgage,— On £8,300 at 7 per cent., one year to 1 January, 1883 Waitara Harbour Board Debentures, — On £3,000 at 6 per cent., half-year to 1 January, 1883 Bank of New Zealand — Interest on credit balances to 31 March, 1883 120 0 0 12 0 0 45 0 0 8,396 14 8 3 15 0 * 231 0 0 90 0 0 52 18 0 1,417 15 7 2,584 15 7 " Nobth Otago District Public Wobks Loan Act, 1872." Land Sales Depasturing Licenses and Assessments 22 10 0 4,805 12 5 Bank of New Zealand, — Interest on credit balances to 31 March, 1883.. 4,828 2 5 38 13 7 4,866 16 0 Waitara Habbour Boabd. Sinking Fund :— On £9,000 at 1 por cent., half-year to 1 January, 1883 £500 at 1J per cent., 19 March, 1880, to 1 February, 1881 ... £1,000 at l| per cent., 19 August, 1880, to 1 February, 1881.. £1,500 at if por cent., 1 February, 1881, to 1 February, 1882 £500 at 1J per cent., 20 May, 1881, to 1 February, 1882 Interest on £41 3s. Id. at 3 por oent. for 130 days.. i 13 7 G 22 10 0 5 5 7 0 8 9 45 0 0 41 11 10 86 11 10 Balance on 30 June, 1882:— Cash in tho Bank of Now Zealand 15,934 18 1 14,463 0 1 30,397 18 2

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS. ended 31st March, 1883. Cr.

James C. Gavin, Secretary and Accountant to the Commissioners. Examined and found correct. James Edwaed FitzGebald, Controller and Auditor-General. June, 1883,

DISBURSEMENTS. £ s. d. £ s. a. £ s. A. Brought forward 24,955 G 8 . s+* * ♦ " North Otago District Public Works Loan Act, 1872." Debentures redeemed :— 29 September, 1882.. 1C February, 1883 .. .. 1,200 0 0 1,000 0 0 2,200 0 0 Interest paid to Public Account :—- On £0,700, 150 days to 31 March, 1882 £4,500, 28 days to 29 November, 1881 £2,200, half-year to 1 May, 1882 137 13 5 17 5 2 55 0 0 209 18 7 Balance repaid to the Public Account, the whole of the debentures of the loan having been redeemed 2,777 18 1 5,187 10 8 Waitara Haebour Board. Investments :— Immigration and Public Works Loan Debentures: Amount invested in £49, part of debentures for £6,500, bearing interest at 4J per cent., purchased for £6,000 6s. 3d., interest payable 45 0 0 Balance on 31 March, 1883 :— Cash in the Bank of New Zealand 30,188 2 11 209 15 8 30,397 18 2

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James C. Gavin, 19th June, 1883. Secretary and Accountant to the Commissioners-

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on 31 March, 1883.

CD Loans in 1ESPECT OP WHK :h the Sinking Funds are held. Securities. When Securities are Redeemable. as 1 "New Zealand Loan Act, 1860." " Auckland Loan Act, 1863." " Wellington Loan Act, 186S." " Lyttelton and Christchurch Railway Loan Ordinance, 1860." " Canterbury Loan Ordinance, 1862." " Westland Loan Act, 1873." "Otago Loan Ordinance, 1862." " North Otago District Public Works Loan Act, 1872." Waitara Harbour Board Account. Totals. Defence Loan Debentures 31 Dec, 1885 5 £ s. a. 30,700 0 0 £ s. d. 4,870 0 0 £ s. d. 3,150 0 0 £ s. d. 3,300 0 0 £ s. a. 300 0 0 £ a. d. £ S. d. 7,680 0 0 £ s. a. £ s. d. £ s. a. 50,000 0 0 Ditto .. 1 July, 1910 H 12,600 0 0 1,200 0 0 780 0 0 100 0 0 370 0 0 4,950 0 0 20,000 0 0 Immigratioii'and Public Works Loan Debentures 15 Apr., 1913 4 1,000 0 0 1,000 0 0 Ditto .. 15 Apr., 1913 41 2,289 0 0 1,468 0 0 1,354 0 0 908 0 0 865 0 0 308 0 0 2,459 0 0 49 0 0 9,700 0 0 Debentures under " The Treasury Bills Acts, 1879 and 1880 " 31 Dec, 1885 9,970 0 0 2,160 0 0 11,770 0 0 21,660 0 0 1,050 0 0 • 870 0 0 13,220 0 0 50,700 0 0 5 Canterbury Rivers Debentures 13 May, 1927 6 300 0 0 | 1,700 0 0 2,000 0 0 6 1,440 0 0 • Ditto 17 Nov.,1897 70 0 0 1,310 0 0 180 0 0 1,500 0 0 • • v 4,500 0 0 Ditto .. Ditto 9 Dec, 188-1 14 Jan., 1898 6 6 2,000 0 0 100 0 0 500 0 0 [ 200 0 0 " 900 0 0 2,000 0 0 4,500 0 0 2,000 0 0 100 0 0 200 0 0 3,500 0 0 City of Dunedin Mortgage 1 July, 1898 7 3,300 0 0 3,300 0 0 Borough of Hamilton Debentures 31 Jan., 1891 6 2,830 0 0 1,090 0 0 100 0 0 2,300 0 0 90 0 0 40 0 0 250 0 0 6,700 0 0 ,, Patea Debentures 1 Feb., 1898 6 3,000 0 0 2,000 0 0 •' 5,000 0 O ,, Hawera Debentures 6 2,000 0 0 3,000 0 0 " 5,000 0 0 Waitara Harbour Board Debentures 1 July, 1897 G 3,000 0 0 1,000 0 0 2,000 0 0 3,000 0 0 9,000 0 0 Cash in Bank of New Zealand 73,129 0 0 11,888 0 0 7,924 0 0 39,178 0 0 2,955 0 0 1,218 0 0 ;38,559 0 0 49 0 0 174,900 0 0 20 3 6 25 7 7 15 3 2 37 18 5 9 7 9 3 9 8 20 15 2 35 18 2 41 11 10 209 15 3 Total Cash and Securities .. I 73,149 3 6 11,913 7 7 7,939 3 2 39,215 18 5 2,964 7 9 jl,221 9 8 38,579 15 2 35 18 2 90 11 10 175,109 15 3

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Funds Accrued on 31st March, 1883.

STATEMENT of the Expenses incurred during the Nine Months ended 31st March, 1883. £ s. a. Salary of tho Secretary and Accountant from 1 July, 1882, to 31 March, 1883 .. 37 10 0 James 0. Gavin, June 19th, 1883. Secretary and Accountant to the Commissioners.

Authority: Geobge Didbbuky, Government Printer, Wellington.—lBB4.

Loans. Debentures in Circulation. Rate of Sinking Fund. When Redeemable. Sinking Funds Accrued. " New Zealand Loan Act, 1860 " .. " Auckland Loan Act, 1863 " " Wellington Loan Act, 1866 " " Lyttelton and Christclrurch Railway Loan Ordinance, 1860" " Canterbury Loan Ordinance, 1862 " " Westland Loan Act, 1873 " " Otago Loan Ordinance, 1862 " " North Otago District Public Works Loan Act, 1872 " £ 93,100 31,600 13,500 77,700 Per cent. 2 2 2 2 1 July, 1891 1 June, 1896 1 July, 1886 1894 and 1897 £ a. a. 73,149 8 G 11,913 7 7 7,939 3 2 39,215 18 5 25,800 50,000 116,700 1 50 years from date of issue 15 April, 1894 1 July, 1898 All redeemed 2,964 7 9 1,221 9 8 38,579 15 2 35*8 2 Total 405,400 175,019 3 5 Waitara Harbour Board Account 90 11 10 Total 175,109 15 3