MEMORANDUM BY THE HON. THE COLONIAL TREASURER (SIR H. A. ATKINSON), RELATING TO CERTAIN CHARGES AGAINST THE GOVERNMENT.

Appendix to the Journals of the House of Representatives, 1890 Session I, B-21

Bcr-21

1890. NEW ZEALAND.

MEMORANDUM BY THE HON. THE COLONIAL TREASURER (SIR H. A. ATKINSON), RELATING TO CERTAIN CHARGES AGAINST THE GOVERNMENT.

Laid on the Table by the Hon. Mr. Hislop, with the Leave of the House.

The Government has, amongst other charges, been accused of having, during the period between the Bth October, 1887, and the 31st March, 1888, issued some £840,000 of deficiency bills to put the proceeds into the Bank of New Zealand for its private benefit, and not for the purpose of meeting the requirements of the colony; and also of having kept at various times unusually large balances, arising principally from the North Island Main Trunk Bailway loan, in the same bank not bearing interest, to the serious loss of the colony. In this memorandum I propose to deal only with these two main charges, and I shall show their absolute untruth by giving a history of the financial transactions of the Government from the Bth October, 1887, to the 31st October, 1888, when the whole of the proceeds of the two one-million loans had passed out of the Public Account, and by affording some other information which will throw light upon the subject. With a view, however, not to adverse criticism of the administration of the previous Government, with which I find no fault, but to a proper understanding of the whole matter, it is necessary that I should first state what was the financial position in which the present Government found the Treasury on coming into office on the Bth October, 1887. For reasons which need not be gone into here the North Island Main Trunk Eailway loan of one million had not then been floated. The late Colonial Treasurer Sir Julius Vogel had apparently relied on it to provide the cash for meeting temporarily the heavy engagements of the colony in London during October, 1887, as almost at the last moment he found himself compelled, through the postponement in raising the loan, to make special arrangements to meet those engagements. The cash at the disposal of the Agent-General on the 30th September, 1887, was only £3,906, while the payment to be made for interest and other charges in October was, in round numbers, £593,000. The advances which had been obtained by the late Government upon Imperial-guaranteed debentures,* amounting to £680,000, had all been expended, and it appears to have been more than doubtful whether it would have been prudent to ask for further advances in London on the remaining .£120,000. The late Colonial Treasurer, therefore, in the last days of September, 1887, entered into an agreement with the Bank of New Zealand for an advance of £600,000, repayable at the end of six months— the collateral security given being short-dated debentures of the North Island Main Trunk Eailway loan for £500,000, and deficiency bills for £100,000. The amount advanced was placed to credit of the Government account in London on the following dates : Ist October, £75,000 ; 10th October, .£75,000 ; 15th October,: ,£450,000. On the 31st October, after withdrawals during the month to the amount of .£592,942, nearly all of which was for interest and sinking fund, the balance left was .£32,419. * The state of the Consolidated Fund at the same time was also very discouraging; a large deficiency had . already accrued. Parliamentary;

Charges: two main ones only ( necessary to be ' dealt with.

Necessary to fitst state financial position on present Government coming into office, Bth October, 1887.

In September^ 1887, late Colonial Treasurer arranged for advance of £000,000 from Bank of New Zealand for six months.

State of Consolidated Fund discouraging, Btlt October, 1887.

* "Imperial-guaranteed debentures " are part of the £1,000,000 debentures guaranteed for the colony by the Imperial Government. £200,000 worth were sold, and the remainder—£Boo,ooo —have been retained by the colony, and from time to time money borrowed on them, and repaid as the financial position of the colony made it convenient:

I—B. 21.

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Parliamentary authority existed Bth October, 1887, for £995,000 deficiency bills.

authority, obtained by the preceding Government, existed for the issue of deficiency bills in temporary aid of the Consolidated Fund up to ,£995,000. Under that authority bills to the amount of .£675,000 had been issued by the late Government; and two days after we came into office, namely, on the 10th October, .£25,000 more had to be issued in order to complete the agreement already referred to for the advances of £600,000 from the Bank of New Zealand, making the amount of deficiency bills then outstanding .£700,000. On the 17th October, at the instance of the present Government, Parliament granted authority for the issue of an additional .£50,000 —making £1,045,000 of deficiency bills in all then authorised —it being estimated that, pending arrangements for meeting the large deficit anticipated in the Consolidated Fund, additional aid to that extent would be temporarily required. On the 20th October, there being only £140,994 available in the Consolidated Fund, with a charge of £449,905 for interest due in London the following day, it became necessary to aid the fund by the issue of bills for £295,000. Upon the issue of these bills the total amount outstanding became £995,000, leaving unexercised the power to issue a further sum of £50,000. Between the Bth October, the date of our coming into office, and the 21st of the same .month, the present Government had thus to issue deficiency bills to the amount of £320,000, the whole of the proceeds of which were required and were immediately used to enable the Consolidated Fund to meet the current charges upon it, including the interest —£449,905 —mentioned as due in London on the 21st October. On the 21st January, 1888, the moneys in the Consolidated Fund being all but exhaustedthere being a balance of only £1,819 Bs. 7d. —the authority granted by Parliament on the 17th October, 1887, to issue £50,000 of deficiency bills was exercised to the extent of £25,000. On the Bth February following the remaining bills for £25,000 were disposed of, and the proceeds credited to the Consolidated Fund, thus completely exhausting the power to issue deficiency bills. From this statement it is quite clear that the issue of deficiency bills was made entirely in consequence of the Consolidated Fund falling short of the requirements of the public service. But it may be said that after their first issue they were subsequently disposed of in such a way as to enable unnecessarily large balances to be retained at the bank. Let us see whether this was so or not. On the 30th September, 1887, the amount at credit of the Public Works Fund was £298,807, the whole of which was in Government securities, including the Imperial-guaranteed debentures left unpledged—that is, there was no cash ; but there remained to be raised the North Island Main Trunk Eailway loan of £1,000,000, on debentures of which the Bank of New Zealand had agreed to advance £500,000 to the late Treasurer, as stated above. It is clear, from what has preceded, that the present Government, very shortly after they took office, found the Treasury in straits undesirably if not dangerously narrow, especially in view of the early necessity to issue further loans, with the possibility of being forced to go upon the market, whether the time for borrowing was favourable or not. Not knowing when it might be advisable to place loans upon the market, the Treasury, to meet as far as possible the London requirements, obtained from the National Bank of New Zealand an advance of £100,000 on security of deficiency bills, and remitted to the Agent-General in the beginning of December, 1887, drafts for £350,000 at short dates. On the 23rd December, Parliament, by " The Public Eevenues Act, 1887 (No. 3)," authorised the creation of short-dated debentures for £400,000 towards making temporary provision for the estimated deficit of the Consolidated Fund at the end of the year then current, and restricted the future issue of deficiency bills to £900,000; and on the same day authority for the issue of a further loan of £1,000,000 for public works was granted. Shortly after the close of the session, however, a flaw was detected in the Loan Act, which rendered it impossible to borrow under it in England : it then became a question whether the floating of the North Main Trunk Eailway loan should be proceeded with by itself, pending the reassembling of Parliament, and correction of the error in the Act of 1887; but the Loan Agents finally advised against that course: it was not, how rever, until the 25th April, 1888, that

Authority obtained, 17th October, for £50,000 more.

Deficiency bills outstanding, 21st October, 1887, £995,000. See page 13.

Authority to < issue deficiency < bills exhausted, Bth February, ( 1888. ' j

l Deficiency bills so issued entirely j in aid of Consolidated Fund, I and for no other 4purpose. _

Began early in u December, 1887, ]r to remit to London to meet J coming liabilities ' there. See page 14. t

S Authority to aid Consolidated / Fund increased V to £1,300,000, t 2Srd December, IHB7 ; an, 1 new ? loan, Mi ,000,000, j authorised.

t liaising of loans C postponed.

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they were able to announce to the Treasury that the Bank of England had agreed to bring out the two loans together upon receiving advice that the flaw in the Act of 1887 had been amended. The-position of affairs on the 7th January, 1888, when the Agent-General was informed of the discovery of the flaw in the Loan Act, may thus be summarised: The colony had liabilities to meet in London to the end of April to the amount of .£814,900 for interest and miscellaneous services. In addition to which there was the repayment to the Bank of New Zealand of .£200,000 advanced in October in excess of the amount —.£4oo,ooo —which under its contract the bank is bound to advance. Cash had also to be provided, in London if possible, to meet the balance of the deficit of the Consolidated Fund not yet provided for, then estimated as probably .£500,000 or over—say, ,£300,000 —making a total of ,£1,314,900. This was exclusive of the advances of .£795,000 obtained upon the security of the guaranteed debentures, which were repayable at short dates. They, no doubt, could have been renewed, as indeed they partially were ; but it would have been very poor finance to have allowed the whole of them to remain outstanding on the eve of issuing a new loan. Any such evidence of financial weakness would have had a most prejudicial effect on our credit. It was. therefore, necessary that an effort should be be made to redeem as large an amount of these debentures as practicable, and otherwise to make our position in London as strong as it was possible to make it with the resources at our command. The means available to meet these large liabilities were —cash at credit of the Government Account at the bank in London, ,£2,569; cash in the Public Account in the colony, ,£142,409 ; Imperial-guaranteed debentures unpledged, .£5,000; bank drafts transmitted in December, £350,000; sinking funds to be released, &c, .£155,600 ; and such revenue as might accrue in excess of requirements in time for transmission by cable, say, about £180,000 : making a total of £835,578, being about .£479,322 short of the liabilities to be met, and without making provision for redeeming any of the pledged £795,000 Imperial-guaranteed debentures, or paying off ,£400,000 of the amount owing to the Bank of New Zealand. Such, then, was the position: never before had the colony been so critically situated. It was absolutely necessary, as I have shown above, to obtain money to meet our engagements pending the issue of our loans; our credit was at the lowest ebb in London ; we were under obligations to our bankers for advances of half as much again as we were entitled to under our contract. The whole of the guaranteed debentures, except £5,000, had been pledged, one of our largest financial institutions had passed its dividend, and great anxiety and distrust existed in money circles in consequence. There was a large deficit in our consolidated fund, and our revenue was still falling or stationary. In these' circumstances the Treasury had to rely upon its own resources and such other: help as could be obtained in the colony to strengthen its very precarious position, i It became, therefore, my duty to obtain, if possible, the necessary assistance' locally. This I succeeded in doing as follows : — In January the Auckland Savings-bank, being in want of an investment,: offered the Government £50,000, which was advanced on deficiency bills; and in] the beginning of February the Government entered into an agreement with the Colonial Bank for advances to the amount of .£700,000, which were paid into the London account on the following dates: 4th February, £150,000; 31st March, £350,000 ; 18th April, £150,000; 30th May, £25,000 ; sth July, £25,000. These sums, together with remittances from the colony, &c, were applied by the Agent-General as follows : 7th to 31st January, interest and other charges, £90,652 ; February—interest and other charges, £82,182 ; redemption of Imperial-guaranteed debentures, £95,000 : total, £177,182. March—interest and other charges, £31,018 ; redemption of Imperial-guaranteed debentures, £150,000: total, £181,018. April — interest and other charges, £611,048; redemption of Imperial-guaranteed debentures, £150,000 : total, £761,048. And on the 30th April there was left in the Bank of New Zealand in London, £3,043. i It is interesting to note the effect upon our credit in London of these opera- P tions, as guaged by the price of New Zealand Inscribed Four-per-cents. In 0

[ Position of affairs 7th January, ! 1888. F

£1,314,900 required in London by about 30th April, 1888.

Means available in London by about 30th April, .-£835,578.

Treasury had to make best provision it could to meet requirements.

Provision made by Treasury.

Effect of such provision in London on credit ot colony.

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Westgarth's Circular of 3rd February, 1888, the price is quoted at 98§-98f, and in the next issue of the same circular, 2nd March, the quotation is 100-100^ ; and; 1 in his monthly report, the editor remarks : " The New Zealand Loan of ,£2,000,000, which was to have concluded all borrowing for the next three years and was expected to be issued here in a fortnight hence, has been postponed for some months, with great advantage to the price in this market. The colony's financial needs have been for the present all supplied. The price of the Inscribed Four-per-cents. has advanced to par : a position which has been rare to this stock for the last two years." The financial position on the 30th April, 1888, was : Cash in London .£3,043, and cash in Wellington Public Account, £322,276 ; total cash, £325,319 : and Imperial-guaranteed debentures redeemed, £400,000. This result was due to the advances received, already mentioned, amounting to ,£BOO,OOO ; and to the renewal for three months by the Bank of New Zealand of £500,000, being part of the £600,000 advanced in October, 1887. But for the aid of these advances, and the renewal referred to, the Government would have been unable to meet the ordinary liabilities in London to the 30th April by £74,680, and would also have been unable to redeem Imperial-guaranteed debentures to the extent of £395,000 out of the total amount of £795,000 at that time outstanding; and the Treasury would have been left without any cash whatever in the Public Account, either in London or Wellington, until revenue had accrued or other advances were obtained. Of course, such a finance as this would have been utterly impossible to any Treasurer. In other words, by,borrowing as we did, the Treasury was enabled to meet its liabilities, to redeem £395,000 of Imperial-guaranteed debentures, and to retain cash balances which could be made available for the ordinary purposes of Government and for public-works services, amounting to £425,319, including £100,000, which might have been borrowed from the Post Office Savings Bank, and upon the whole of this amount the bank was paying interest as per agreement; but there was still outstanding £400,000 advanced at short dates on the Imperialguaranteed debentures, and the £500,000 advanced by the Bank of New Zealand —the £100,000 advanced on deficiency bills having been repaid in the colony in March, 1888. So far, then, it is evident that no unduly large balances were maintained with the bank, and that such balances as we had bore interest according to agreement. This brings me to the subject of the raising of the loans of two millions. They were floated in June, and realised £1,922,361 Is. Id., being payable into the Bank of England in five instalments extending from the 7th June to the 2nd October. There was received into the Public Account in June, £960,000; July, £380,000 ; August, £90,000 ; September, .£295,000 ; and October, £197,861 Is. Id. The following is a brief summary of the purposes to which the proceeds of the loan were, with other moneys, applied from time to time by the Agent-General: June—Colonial Bank, advance repaid, X'200,000; interest and other charges, £39,920 3s. : total, £239,920 3s. July—New Zealand Bank, advances repaid, £500,000 ; Imperial-giiaranteed debentures redeemed, £200,000; interest, &c, £144,415 12s. Id. : total, £844,415 12s. Id. August—lmperialguaranteed debentures redeemed, £200,000; interest, &c, £67,010 18s. 9d.: total, £267,010 18s. 9d. September-—lnterest, &c, £29,900. October—Fixed deposits with Bank of New Zealand and Colonial Bank, £230,000 ; interest, &c, .£635,331 12s. : total, £865,331 12s. And on the 31st October, 1888, there was left in the account at the Bank of New Zealand, £30,891 9s. 3d. It should be borne in mind that during the whole of the anxious period between the Bth October, 1887, and the floating of the loans, the Government were under advances from the Bank of New Zealand to a large amount — from October to the middle of March ,£600,000, and from March to July £500,000, being largely in excess of the amount (£400,000) the bank was bound to advance under its contract. It will be evident, from what I have just said and from the-tables attached, that the balances left in the bank of the proceeds of the loan of two millions were only so left for a very short time available to meet constantly accruing liabilities, and w Tere bearing interest as per agreement. There is no doubt that a difference of opinion may exist as to the amount of the balance

Financial position, 30th April, 1888, after making provision ; and what the position would have been without it.

liaising loans of two millions in June, 1888.

Proceeds received into bank, June to October, 1888. See pages 16-18.

Balance left in bank, 31st October, 1888, £30,891.

Obligations to Bank of New Zealand for advances.

See page 29 for bank agreement as to balances and interest.

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it is prudent to maintain in the Public Account of the colony; but there can be no doubt in the mind of any reasonable man that during the unsettled period to which I have been referring I should have been greatly tc blame if I had not endeavoured to keep the Treasury as strong as possible in cash ami in securities ordinarily negotiable in London. It is well known thai the late Colonial Treasurer, who has had large experience in London, always endeavoured to have good balances. He was in the habit of retaining considerably larger average balances during his last term of office than the present Government has retained. I have had tables prepared to show this. I wish it to be distinctly understood that I do not take any credit to myself for our balances in the bank being much smaller than the balances of the late. Government. I should have had a far less anxious time than I have gone through could I have retained larger balances than I did; but when I am accused of maintaining large unproductive balances for the benefit of the bank, and my predecessor is held up as a model to follow, I naturally turn to see what was the practice of the late Government as compared with my own, and I find the following results : During the two years and a half in which the present Government have been in office, from the Bth October, 1887, to the 31st March, 1890, the daily average balance in the London Public Account was £134,860; the daily average balance of the late Government for the three years they were in office being £254,000 —almost double. Of the moneys at credit of all the Government accounts at Wellington, our average daily balance was ,£378,573; theirs, ,£428,357 : and of such moneys in excess of the limit of £400,000, and on which no interest was allowed by the bank, the excess in our case was for 299 days, with a daily average of .£51,363 ; in theirs it was for 608 days, with a daily average of £133,880 —more than two and a half times greater than ours in amount and double the length of time. And I may add that from January to June, 1888, when it is alleged that deficiency bills were being issued to pour gold into the coffers of the Bank of New Zealand for its private benefit, the average daily balance of the Government accounts as a whole in Wellington and in London, during a time when it was necessary, as I have shown, to make the Treasury as strong as possible, was £618,000, while the daily average balance during the whole term of office of the late Government was £682,000. I do not'propose to continue the financial history of the Government further in this memorandum, having carried it over the critical period when we were raising large sums ; but a reference to the tables appended will show that at no time during our term of office have our balances been unduly large or left unproductive. Now that, through the stoppage of public-works expenditure, we have to remit the largest portion of our interest payable in London,' it is clear that we must always have a large amount in drafts on the way, and that large balances will necessarily begin to accumulate in London towards April and October. In fact, before long, further and special provision will have to be made to enable us to remit the moneys to meet our interest, payable there. I have now shown, first, that deficiency bills were not issued for the purpose of putting money into the Bank of New Zealand for its private benefit at the cost of the colony, but as a necessary aid to the Consolidated Fund; secondly, that after they were issued they were never used except for the purpose of providing the necessary cash to carry on the services of the colony; thirdly, that, although it may be a matter of opinion as to what is a reasonable and sufficient balance to maintain in the bank, judged by the requirements during the last two years and a half, and by the practice of our predecessors, the balances that we retained were comparatively small; fourthly, that the balances during our term of office remaining" unproductive were, as a matter of fact, two and a half times less than similar balances retained by our predecessors. I attach to this memorandum tables and statements in support of my contentions ; and it is, I think, unnecessary for me now to say more, further than to ask a careful study of what I have said, and of the tables attached, as the matter is somewhat complicated, and ..requires close attention to details to master it thoroughly. H. A. ATKINSON. Wellington, 12th August, 1890. 2—B. 21.

I I See statements - on pages 15 and ' 22 to 28, and i agreement with r Bank of New Zealand, dated ) 28th April, 1880.

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TABLES AND STATEMENTS REFERRED TO IN THE FOREGOING MEMORANDUM.

CONTENTS.

Statement showing the Actual Position of the Public Account at 30 April, 1888, and what it would have been Page at that Date had no Moneys been borrowed from the Banks .. .. .. .. .. .. 8 Statements and Explanations relating to the Balances at Credit of the Public Works Fund at the 31st March in 1887, 1888, 1889, and 1890 respectively .. .. .. .. .. .. . • .. 9 Transactions in Deficiency Bills from Bth October, 1887, to 31st March, 1888 .. .. .. 13 Balances appearing in the Treasury Accounts at Debit of the Bank of New Zealand, London, on the 31st March, 1887, 1888, 1889, and 1890, respectively, reconciled with the Balances actually at Credit of the Account at the Bank on the same Dates .. .. . - -. .. • • • ■ ■ • 13 Schedule of Bank Drafts on London .. .. .. .. . - • • • • • • .. 14 Daily Balances, as a whole, of the Public Account and other Government Accounts at Wellington, covered by Clause 21 of the Bank Agreement, in excess of.the limit of £400,000, and on which no Interest was allowed by the Bank ; showing also the Daily Balance in the Public Account .. .. .. 15 Average Daily Balance at Credit of all Government Accounts at Wellington and London .. .. .. 15 Monthly Summary of the Actual Lodgments in, and Withdrawals from the New Zealand Public Account, London, together with the Balance at Credit at the End of each Month, from the 30th September, 1887, to the 30th April, 1890 .. .. .. .. .. .. .. .. .. .. 16 Particulars of Lodgments in the New Zealand Public Account, London .. .. .. .. 17 Particulars of Withdrawals from the New Zealand Public Account, London .. .. .. 18 Monthly Summary of the Actual Lodgments in and Withdrawals from the New Zealand Public Account, London, together with the Balance at Credit at the End of each Month, from the 31st August, 1884, to the 30th September, 1887 .. .. . ■ • • ■ • • • • • • • • ■ .. 1!) Particulars of Lodgments in the New Zealand Public Account, London .. .. .. .. 20 Particulars of Withdrawals from the New Zealand Public Account, London .. .. .. 21 Daily Balances of the New Zealand Public Account, London, from 9th October, 1887, to 31st March, 1890 (the Present Government) .. .. .. .. .. .. .. .. .. 22 Daily Balances of the New Zealand Public Account, London, from 4th September, 1884, to Bth October, 1887 (the Late Government) .. .. .. .. .. .. ■ ■ .. . ■ .. 25 Weekly Balances of the Public Account and other Government Accounts at Wellington from the 9th October, 1887, to the 29th March, 1890 (the Present Government) .. .. .. .. .. 29 Weekly Balances of the Public Account and other Government Accounts at Wellington from the 4th September, 1884, to the Bth October, 1887 (the Late Government) .. .. .. .. .. 30

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Statement showing the Actual Position of the Public Account at 30 April, 1888, and what it would have been at that Date had no Moneys been borrowed from the Banks. Actual Position at 30 April, 1888. New Zealand Public Account, London, — £ s. d. Balance on 7 January, 1888 ... ... £2,569 1 6 Lodgments to 30 April— Bank of New Zealand drafts ...250,000 0 0 Advances— National Bank of New Zealand ... 100,000 0 0 Colonial Bank of New Zealand ... 650,000 0 0 Sinking funds released ... ... 131,600 0 0 Sales of inscribed stock ... ... 76,081 5 0 Miscellaneous receipts ... ... 2,693 6 8 1,212,943 13 2 Withdrawals to 30 April— Interest and other charges ... ... 814,900 10 10 Inrperial - guaranteed debentures redeemed ... ... ... 395,000 0 0 1,209,900 10 10 Balance on 30 April, 1888 ... ... 3,043 2 4 Public Account, Wellington,— Balance on 30 April, 1888 ... ... ... ... ... *322,275 18 3 Total cash ... ... ... ... ... £325,319 0 7 Eeserve of Imperial-guaranteed debentures, — Held on 7 January, 1888 ... ... ... ... ... ... 5,000 0 0 Redeemed as above ... ... ... ... ... ... 395,000 0 0 Total ... ... ... ... ... ... 400,000 0 0 Deficiency bills and short-dated debentures outstanding,— Deficiency bills ... ... ... ... ... ... ... 878,000 0 0 Short-dated debentures under " The Public Revenues Act, 1887 " (No. 3) ... 400,000 0 0 Total ... ... ... ... ... ... £1,278,000 0 0 Note. —The above position was owing to Advances on deficiency bills and short-dated debentures— National Bank of New Zealand ... ... ... 100,000 0 0 Auckland Savings-bank ... ... ... ... 50,000 0 0 Colonial Bank of New Zealand ... ... ... 650,000 0 0 800,000 0 0 Advance on North Island Main-trunk Eailway Loan debentures renewed by Bank of New Zealand ... ... ... ... ... ... 100,000 0 0 What the Position would Jiace been without these aids. New Zealand Public Account, London, — Balance ... ... ... ... ... ... ... ... Dr. 446,956 17 8 Public Account, Wellington, — Balance... ... ... ... ... ... ... ... Cr. 272,275 18 3 Dr. 174,680 19 5 Reducible by a sum which the Post Office might have invested in deficiency bills...' ... ... ... ... ... ... ... 100,000 0 0 Dr. £74,680 19 5 That is to say : the whole of the cash at the disposal of the Treasury, whether in Wellington or in London, would have been insufficient to meet the liabilities in the latter place for interest, &c, by £74,680 19s. 5d.; besides which, all the Imperial-guaranteed debentures, amounting to £800,000, would have been pledged for advances, and the money spent. James C. Gavin, Wellington, 12th August, 1890. - Secretary to the Treasury.

• Includes Auckland Savings-bank advance of £50,000.

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Statements and Explanations relating to the Balances at Credit op the Public Wouks Fund at the 31st Makch in 1887, 1888, 1889, and 1890 eespectively. (Showing inaccuracies in Table appearing in Hansard, Vol. LXVII., page 242.)

Balances at 31st Mauch, 1887. £ s. d. Part I.—Public Works Fund ... ... £491,245.12 6 Part ll.— „ ... Dr. 325,685 2 10 Part lII.— „ 620,734 4 1 Conversion Account ... ... ... 191,414 14 5 Government Loans to Local Bodies Account 34,730 0 0 1,012,439 8 2 Of this amount there were outstanding by way of imprest advances to officers of the Government and others the following sums:— On account of, — Parts 1., 11., and 111. ... ... £81,852 13 10 Conversion Account ... ... 101,539 18 I I — 183,392 12 9 829,046 15 6 And as the cash balances of the Conversion Account and Government Loans to Local Bodies Account are practically at call, they should be deducted also :— Conversion Account ... ... ... £89,874 15 6 Government Loans to Local Bodies Account 34,730 0 0 , 124,604 15 6 704,441 19 11 There being in the Investment Accounts of Parts 1., 11., and 111 717,702 3 2 the cash account of the Public Works Fund was overdrawn at 31st March, 1887 ... ... ... ... ... £13,260 3 3 On the 31st March, 1887, the following were the cash balances of the several funds in the Treasury accounts, — Consolidated Fund ... ... ... £168,63119 4 Public Works Fund ... ... ..Dr. 13,260 3 3 Government Loans to Local Bodies Account 34,730 0 0 Conversion Account ... ... ... 89,874 15 6 Suspense Account ... ... ... 1,688 7 1 __ _ 281,664 18 8 Cash in the Colony ... ... ... 82,394 6 1 Gash in London .. ... ... 199,270 12 7 £281,664 18 8 WC? The balance actually at credit of the Government account at the Bank of New Zealand, London, on the 31st March, 1887, was £228,759 4s. 4d. For explanation of the discrepancy between this sum and the £199,270 12s. 7d. appearing in the Treasury accounts, see page 13. Balances at 31st March, 1888. £ s. d. Part I.—Public Works Fund ... ... £200,391 4 0 Part ll.— „ 21,999 16 5 ■ Part lII.— „ ... ... 546,244 010 Conversion Account ... ... Dr. 10,818 18 8 Government Loans to Local Bodies ... 16,159 0 0 . ■ 773,975 2 7 This balance is reducible, for the reason stated on page 11, by ... 300,000 0 0 473,975 2 7 The following sums should also be deducted : — Government Loans to Local Bodies Account, the money being at call ... ... £16,159 0 0 Public Works money in the hands of officers of the Government ... ... ... 56,225 18 2 — 72,384 18 2 "401,590 4 5 Deduct amount in Investment Account ... £305,000 0 0 Less, in respect of a similar deduction above 300,000 0 0 5,000 0 0 Cash balance ... ' ... _... ... £396,590 4 5 3—B. 21.

B.— 21

Statements, etc., relating to the Balances op the Public Wouks Fund— continued.

On the 31st March, 1888, the following were the cash balances of the several funds in the Treasury Accounts: — £ s. d. £ s. d. ' "Con solidat ed Fund ... ... ... £665 , 136 7!! Public Works ... ... £408,715 811 Less Conversion Account overdrawn... ... 12,125 4 6 396,590 4 5 Government Loans to Local Bodies Account 16,159 0 0 Suspense Account ... ... ... 303 8 3 1,078,189 0 5 Cash in the colony ... ... ... 6454,380 5 1 Cash hi London ' ... ... .. 423,808 15 !. Bank drafts for remittances to London ... 200,000 0 0 §1,078,189 0 5 The balance actually at credit of the Government in the bank in London on the 31st March, 1888, was £537,778 15s. sd. ; for explanation see page 13. Of this sum £350,225 13s. lid. was placed to credit on that day. On the 3rd April the Agent-General applied £100,000 to the redemption of Imperial-guaranteed debentures upon which advances had been obtained, and on the 18th April he applied £50,000 more to the same purpose. After the application of further sums, amounting to £611,048 Is. 10d., to the payment of interest and other charges, in April, there was left in the account on the 30th of that month £3,043 2s. 4d. The balance of £454,380 ss. 4d. at credit of the Public Account in Wellington on the 31st March, 1888, was due mainly to the receipt of about £355,000 for property-tax in February, and to the usual telegraph remittances on the last day of the financial year, amounting to about £65,000. These large receipts, together with the absence! of remittances to London, caused the daily balances of the accounts included in the bank agreement to be for a time in excess of the limit of £400,000 upon which interest is allowed; but interest at 3 per cent, was allowed on the excess from the 6th February to the 3rd May by special agreement with the bank. On the 3rd May the Treasury remitted to the Agent-General £100,000, on the 19th May £100,000, and on the Kith June £150,000. The provision otherwise made for replenishing the London account obviated the necessity for remittances at an earlier date. Balances at 31st March, LBB9. £ s. d. £ s. d. Part I.—Public Works Account... ... ...£303,801 7 10 Part ll.— „ ... ... ... 435,817 1 5 Part lII.— „ .. ... ... 618,077 15 1 Conversion Account ... ... ... . . 2,606 19 10 (1 overnment Loans to Local Bodies Account ... 8,623 14 4 1,368,92,'; 18 6 Deduct Conversion and Government Loans to Local Bodies Accounts: the balances being at call ... ... .. ... ... 11,230 1! 2 1,357,(5( .m; ! 4 Deduct also Public Works money in the hands of officers of the Government ... ... ... ... ... ... ... 56,606 19 8 1,301,0HD 4 8 Deduct Amount in Investment Account ... ... ... ... 786,000 0 0 Cash balance ... ... ... ... ... £515,089 4 8 On the 31st March, 1889, the following were the cash balances of the several funds in the Treasury Accounts : — 6 s. d. Consolidated Fund ... .... ... ... ...£477,506 14 2 Public Works Fund ... ... ... ... 515,089 4 8 Loans to Local Bodies Account ... ... ... 8,623 14 4 Conversion Account ... ... ... ... 1,654 15 6 Suspense Account ... ... ... ... ... 618 2 3 1,003,492 10 11 Cash in the colon)- ... ... ... ... £368,584 1.1 9 Cash in London ... ... ... ... ... 59,907 19 2 Bank drafts for remittances to London ... ... 575,000 0 0 - £1,003,492 10 11 ■i " r - - r The balance actually at credit of the Government Account at the Bank of New Zealand, London, on-the 31st March, 1889, was £236,771 Bs. ; for explanation see page 13. This balance, together with £200,000, forming a portion of the investments amounting to £786,000, was used in April for the payment of interest and other charges. On~the 30th April, 1889, the balance at credit of the account in London was £79,656 2s. lid.; and by the 31st July it had declined to £4,458 14s. 9d.

10

11

8.—21.

Statements, etc., relating to the Balances op the Public Wobks Fund— continued.

The cash in the colony on the 31st March, 1889, was, as stated above, £368,584 11s. 9d. On the. 2nd April it was reduced by withdrawals for various services to £260,266 18s. That balance grew to £391,239 6s. 6d. by the 17th May, and on the following day £150,000 was remitted by Bank of New Zealand drafts to the Agent-General. On the 30th of the same month £25,000 was remitted by drafts of the Colonial Bank of New Zealand, and on the 15th June £100,000 by Bank of New Zealand drafts. On the 22nd June the available balance at credit of the Public Account in the colony had fallen to £59,015 7s. lOd. Balances at 31st Makch, 1890. £ s. d. Part I.—Public Works Fund ... ... ...£145,701 10 7 Part ll.— „ ... ... ... 386,985 9 0 Part lII.— „ ... ... ... 426,805 15 4 Conversion Account ... ... ... ... 263,444 ;> 0 Government Loans to Local Bodies Account ... 1,799 15 2 1,224,736 15 1 Deduct Conversion and Government Loans to Local Bodies Accounts, at call 265,244 0 2 959,492 14 11 Deduct also Public Works moneys in the hands of officers of the Government 54,014 8 7 905,478 6 4 Deduct Amount in Investment Account ... ... ... ... 582,500 0 0 Cash balance ... ... ... ... ... £322,978 6 4 On the 31st March, 1890, the following were the cash, balances of the several funds in tire Treasury accounts:— £ s. d. Consolidated Fund ... ... ... ... ...£496,636 7 0 Public Works Fund... ... ... ... ... 322,978 6 4 Conversion Account... ... ... ... ... 263,054 15 6 Government Loans to Local Bodies Account ... ... 1,799 15 2 Suspense Account ... ... ... ... ... 43 3 11 1,084,512 7 11 Cash in the colony ... ... ... ... ... £329,931 7 4 Less nominal overdraft in London (see explanation on 45,418 19 5 page 13) £284,512 7 11" Bank drafts for remittances to London ... ... 800.000 0 0 £1,084,512 7 11 On the 31st March, 1890, there was a balance of £96,693 17s. actually at credit of the Public Account in London, which, together with the proceeds of bank drafts for £575,000 —part of the £800,000 shown in the above statement—was used for the interest and other payments. On the 30th April, 1890, the balance in the bank in London was £3,215 15s. 2d. The cash in the Public Account at Wellington on the 31st March, 1890, was £329,931 7s. 4d. Two days previous it was £157,969 19s. 6d. ; and on the 3rd April it was £221,876 6s. 4d. On the 19th April £150,000 was remitted by drafts of the Bank of New Zealand; on the 17th May, £150,000; on the 14th June, £100,000; and on the 12th instant, £100,000: leaving at credit £66,556 12s. Id.

Explanation of the Deduction of £300,000 from the Total of the Public Woeks Fund at 31st Makch, 1888, and of the like Sum from the Amount appearing in the Investment Account,. The moneys in Parts 11. and 111. are set apart for special purposes, and can be used for no other. In 1887-88 funds were required in Part I. in anticipation of the proceeds of one-half of the loan of ono million authorised in 1887; Part 111. being entitled to be credited with the other half. But, while the funds in Part I. were nearly exhausted, there were ample funds in Part 111., which, however, on account of the " ear-marking," could not be used in aid of Part I. While there was not power in the Loan Act of 1887 to borrow in England, there was no bar to the issue of debentures'in the colony. Accordingly, debentures for £300,000 were created, in which, under the authority of the 19th section of "The Public Eevenues Act, 1878," a portion of the moneys at credit of Part 111. was temporarily invested. This enabled a transfer of £150,000 to "be made to the credit of Part I.; the remaining £150,000 being left in Part lit as required by the Loan Act. The debentures are included in the investments stated at £305,000; but, as the-transaction took place entirely within the fund, and therefore made no addition to the cash, the £300,000 should be omitted from both sides of the account when dealing with the Public Works Fund as a whole The matter is explained on page v. of the Financial Statement of 1888.

8.—21

12

Statements, etc., bblating to the Balances of the Public Woeks Funi*— continued.

Explanation of the Discbepancies between the Balances at Debit of the Bank of New Zealand, London, in the Tkeasuky Accounts, and the Balances actually at Cbkdit of the Goveenment Account there. ' 1. Bank orders on the New Zealand Public Account, London, are charged by the Treasury, on the day they are issued, against the vote and fund to which they relate, the bank being simultaneously credited with the amount. Until paid by the bank these orders are in the position of cheques outstanding. 2. The Commissioners under "The Public Eevenues Act, 1878," issue bank orders in London These, though immediately paid and charged by the bank there, are not entered in the Treasury accounts until the receipt of advices. 3. The Agent-General obtains advances on Imperial-guaranteed debentures, and, when funds are available, redeems them. He also discounts bank drafts when necessary, and pays into credit of the account various moneys from time to time received by him. The Loan and Stock Agents pay the proceeds of loans into the account. Entries in respect of all these transactions are usually made in the Treasury on receipt of advices by mail. There are two points of agreement, however. Orders for the payment of interest and sinkingfund are entered on the due date; and bank drafts are debited to the bank on the days they mature, in accordance with advices previously received, unless they have been discounted. Treasury, Wellington, James G. Gavin, 12th August, 1890. Secretary to the Treasury.

13

B—2l

Transactions in Deficiency Bills from 8th October, 1887, to 31st March, 1888.

Balances appearing in the Treasury Accounts at Debit of the Bank of New Zealand, London, on the 31st March, 1887, 1888, 1889, and 1890, respectively, reconciled with the Balances actually at Credit of the Account at the Bank on the same Dates.

J. B. Heywood, Wellington, 12th August, 1890. Accountant to the Treasury 4—B. 21.

By whom held. Date. Issued. Redeemed. Balance. ,>■ leficienc^ Bills outstanding on 8th October, 1887, when the present Government came into office, — Public Works Fund General Post Office .. .. .. Public Trust Office Government Insurance Department Commissioners of Public Debts Sinking Funds Nelson Eifle Prize Firing Fund Bank of New Zealand £ £ a £ 19,200 334,900 144,400 69.000 32,300 200 75,000 Bank of New Zealand Public Works Fund Government Insurance Department Public Works Fund .. National Bank of New Zealand Public Works Fund National Bank of New Zealand General Post Office Government Insurance Department Public Works Fund .. Commissioners of Public Debts Sinking Funds Public Works Fund October 10 21 November 12 17 December 9 10 25,000 295,000 8,000 675,000 700,000 995,000 987,000 8,000 S 995,000 1,045,000 100,000 50,000 1*6 50,000 80,000 25,000 995,000 ",. 23 29 1888. January 10 „ ' 21. 3.'900 105,000 | 995,000 998,900 3,900 995,000 Public Trust Office Public Works Fund 5,000 1,000,000 5,000 Auckland Savings-bank Public Works Fund February 8 23 27 25,000 25,000 1,020.000 1,045,000 25,000 1,020,000 92,300 7,700 920,000 145,000 General Post Office Colonial Bank of New Zealand Auckland Savings-bank Bank of New Zealand Commissioners of Public Debts Sinking Funds .. 28 100,000 25,000 "., 29 March 14 29 875,000 900,000 100,000 800,000 22,000 778,000 'eficiency Bills outstanding on 31st March, 1888— National Bank of New Zealand Colonial Bank of Now Zealand Auckland Savings-bank Nelson Rifle Prize Fund Public Trust Office General Post Office Government Insurance Department Commissioners of Public Debts Sinking Funds 716,900 ('.13,900 100,000 100,000 50,000 200 149,400 262,200 102,000 14,200 , 778,000 Wellington, 12th August, 1890. J. B. ] jountant t Ebywood, ;o the Treasury. Ac

1887. 31st March. 1888. Slat March. 1889. 81st March. 1890. 81st March. lalauces appearing in the Treasury Accounts loneys lodged to credit in London, but not entered in the Treasury books until after the 31st March £ s. d. i £ s. ■ ;199,270 12 7 423,808 15 i d. 1 £ 8. d. 59,907 19 2 £ s. d. JCV.45,418 19 5 135,151 8 10 1,956,280 6 5 329,703 11 9 ;333,315 0 ! 4 loneys withdrawn in London, but not entered in the Treasury books until after the 31st March 528,974 4 4 |757,123 15 5 195,059 8 0 1,910,861 7 1,708 0 0 1,867,032 i0 0 364,448 0 0 1246,718 0 0 'oreign Imprest Orders, entered by the* Treasury, but not exercised in London 164,526 4 4 1510,405 15 5 193,351 8 0. 43,828 17 0 64,233 0 0 | 27,373. 0 0 I 43,420 0 0 52,865 0 0 .ctual balances in London 228,759 4 4 537,778 15 5 |236,771 8 0 96,693 17

8.—21

14

Schedule of Bank Drafts on London.

Wellington, 12th August, 1890. J. B. Heywood, Accountant to the Treasury.

Date. Issued by Numbers. Currency. Drawn in Favour of Amouut- [talXSflon. Date when placed to Credit of Public Account. ™ 1887. Deo. 3 ! Bank of New Zealand 27-72 £ New Zealand Public Account, London 50,000 1888. Jan. 10 Demand 10th January, 1888. f £35,000, discounted, 12th January, 1888. \ £65,000, cash, 11th February, 1888. 19th January, 1888. 27th March, 1888. I % 9 | National Bank of New Zealand '15 Bank of New Zealand 1888. Feb. 3 ! Colonial Bank 25 „ 27-73 15-231 27-89/91 14-375/378 14-400/403 ; 30 days' sight Demand 60 days' sight 100,000 Agent-General for New Zealand .. 50,000 New Zealand Public Account, London 150,000 Feb. 11 Jan. 21 Mar. 29 ; June 17 90 Agent-General for New Zealand .. 100,000 Discounted, 18th April, 1888. ( £50,000, discounted, 18th April, 1888. - 1 £25,000, discounted, 30th May, 1888. ( £25,000, cash, 5th July, 1888. ' 13th October, 1888. ! £50,000, discounted, 19th October, 1888. ( £50,000, cash, 29th October, 1888. f £50,000, discounted, 29th October, 1888. \ £50,000, discounted, 31st October, 1888. ( £50,000, cash, 23rd November, 1888. ( £50,000, discounted, 20th November, 1888. -! £25.000, discounted, 6th December, 1888. ( £25^000, discounted, 3rd January, 1889. | £100,000, discounted, 6th December, 1888. \ £50,000, discounted, 3rd January, 1889. ( £100,000, discounted, 12th January, 1889. 1 £50,000, discounted, 30th January, 1889. I £50,000, discounted, 30th January, 1889. "( £200,000, discounted, 18th April, 1889. [ £50,000, discounted, 18th April, 1889. I { £25,000, cash, 7th June, 1889. I Cash, 7th June, 1889. 90 100,000 i July 5 May 3 ; Bank of New Zealand 27-287/290 27-298/301 ! 120 .. 100,000 | Oct. 13 \ 120 .. I 100,000 29 June 16 Lj „ 27-335/337 120 150,000 Nov. 23 &°pt- 8 : 27-474/477 120 100,000 1889. Feb. 15 Oct. 6 Nov. 3 „ 28-16/18 28-43/45 120 150,000 Mar. 15 120 150,000 April 12 Dec. 1 ! 28-76/80 120 .. 250,000 May 10 . '29: . 28-109/111 120 75,000 June 7 29 | Colonial Bank ,. .. I 1889. [ ;Jan. 26 i Bank of New Zealand Feb. 23 „ ' 23 Colonial Bank May 18 j Bank of New Zealand I 15-251 28-149/151 28-199/202 15-300 28-289/294 120 120 120 120 .. i 25,000 .. ' 75,000 , 175,000) 25,000 ) « ' ' July 6 Cash, 6th July, 1889. Aug. 2 Cash, 2nd August, 1889. i » 30 Colonial Bank Jane 15 Bank of New Zealand July 12 Colonial Bank .. .. I 16/78 28-334 '337 117 120 120 120 120 150,000 .. : 25,000 .. : 100,000 .. j 25,000 Oct. 25 Nov. 12 22 ! Deo. 20 1890. Jan, 18 31 f £25,000, discounted, 14th Octeber, 1889. '( £125,000, discounted, 21st October, 1889. Discounted, 21st October, 1889. Discounted, 21st October, 18S9. Discounted, 21st October, 1889. Ang. 10 Bank of New Zealand 22 Colonial Bank 28-405/410 16-162' 120 120 .. : 150,000 25,000 Discounted, 21st October, 18S9. Discounted, 21st October, 1889. /'£15,000, discounted, 8th March, 1890. £22,000, discounted, 10th March, 1890. J £22,000, discounted, 11th March, 1890. 1 £19,000, discounted, 12th March, 1890. £5,000, discounted, 13th March, 1890. V £42,000, cash, 14th March, 1890. Cash, 11th April, 1890. Oct. 5 Bank of New Zealand 29-13/17 J20 .. 125,000 Mar. 14 ■ 60 April 11 Dec. 28 „ i 1890. -Jan. 25 Feb. 22 29-125/132 29-98/103 29-214/219 300,000 120 .. ; i5o,ooo July 6 Discounted, 21st April, 1890. f £125,000, discounted, 21st April, 1890. { £25,000, discounted, 1st May, 1890. £25,000, discounted, 10th May, 1890, 120 ..] 150,000 Aug. 1 March 22 April 19 May 17 June 14 „ „ 29-248/255 29-294/299 29-328/333 29-365/368 120 120 120 120 .. 200,000 .. 150,000 150,000 100,000 29 Sept. 26 Oct. 24 Nov. 21 i_

By—2l

15

Daily Balances, as a whole, of the Public Account and other Government Accounts at Wellington, covered by Clause 21 of the Bank Agreement, in excess of the limit of £400,000, and on which no Interest was allowed by the Bank ; showing also the Daily Balance in the Public Account.

THE PRESENT GOVERNMENT. From 9th October, 1887, to 30th March, 1890.

THE LATE GOVERNMENT. From 4th September, 1884, to 8th October, 1887.

.]. B. Heywood, Wellington, 12th August, 1890. Accountant to the Treasury

Average Daily Balance at Credit of all Government Accounts at Wellington during the periods stated below. THE PRESENT GOVERNMENT. From 9th October, 1887, to 30th March, 1890. ■904 days, producing an average of ... ... ... ... ... ... £378,573. THE LATE GOVERNMENT. From 4th September, 1884, to Bth October, 1887. 1,130 days, producing an average of ... ... ... ... ... £428,357.

Average Daily Balance of the New Zealand Public Account, London. THE PRESENT GOVERNMENT. From 9th October, 1887, to 31st Maech, 1890. ■905 days, producing an average of ... ... ... ... ... ... £134,860. THE LATE GOVERNMENT. From 4th September, 1884, to Bth October, 1887. * ... .1,130 days, producing an average of ... ... ... ... ... £254,000. J. B. Heywood, Wellington, 12th August, 1890. Accountant to the Treasury,

Period. Sum of the Daily Balances so in excess. Number of days on which there was excess. Average excess per diem. Number of days hi the period. Average Daily Balance in the Public Account during the period. 9 October, 1887, to 30 March, 1888 .. 81 March, 1888, to 29 September, 1888 30 September, 1888, to 28 March, 1889 29 March, 1889, to 29 September, 188!) 80 September, 1889, to 30 March, 1890 923,838 9,885,310 1,096,736 1,036,200 - 2,415,494 42 160 24 32 41 21,996 61,783 45,097 32,381 58,914 174 183 180 185 182 2(52,814 272,287 126,826 188,807 188,883 Totals 15,357,584 299 51,363

4 September, 1884, to 30 September, 1884 1 October, 1884, to 30 March, 1885 .. !1 March, 1885, to 29 September, 1885 !0 September, 1885, to 30 March, 1880 11 March, 1886, to 29 September, 1886 SO September, 1886, to 30 March, 1887 II March, 1887, to 29 September, 1887 10 September, 1887, to 8 October, 1887 £ 1,210,525 21,314,113 35,739,379 17,754,527 279,812 5,100,858 42 157 182 137 12 78 28,822 135,758 i 196,370 129,595 23,317 i 65,396 27 181 183 182 183 1.82 183 9 1 £ 129,906 178,397 277,915 343,788 311,860 252,084 240,439 208,187 Totals 81,399,214 608 133,880 j

8.—21

16

Monthly Summary of the Actual Lodgments in, and Withdrawals from the New Zealand Public Account, London, together with the Balance at Credit at the End of each Month, from the 30th September, 1887, to the 30th April, 1890.

Lodgments. Lodgments. Withdrawals. Withdrawals. Balance. Balance. Fixed Deposits. ■ ! I _.._ ___ _ £ s. a. £ s. a. & s. a. £ s. a. 1887. September 30th October November December 621,456 6 0 11,589 4 10 26,129 10 6 592,942 12 0 43,354 3 8 26,092 0 0 3,906 0 1 32,419 14 1 654 15 3 692 5 9 «»' 1888. * January February March April May June July August September October November December .. :: | 196, 229 5 0 215,526 13 7 632,949 0 1 226,312 8 9 27,195 11 2 961.414 0 8 408,085 6 3 91,356 19 11 290,227 2 1 498,147 12 8 100,206 13 1 126,646 12 1 149,417 18 10 177,182 10 0 181,018 5 2 761,048 1 10 8 ,.000 0 0 239,920 3 0 844,415 12 1 267,011 18 9 29,900 0 0 865,331 12 0 29,220 19 3 130,554 0 0 i 47,503 11 11 85,848 0 6 537,778 15 5 3^043 2 4 22,238 13 6 743,732 11 2 307,402 5 4 131,748 6 6 398,074 8 7 30,890 9 3 101,876 3 1 97,968 15 2 200,000 0 0 200,000 0 0 200,000 0 0 I i January February March April May June July August September October November December 1889. ,, i 275,634 15 11 651 5 9 134,654 11 2 481,987 1 11 966 4 5 51,213 0 0 75,235 10 10 200,141 11 0 766 12 6 830,909 13 0 270,263 17 9 56,993 6 11 i ■ 153,055 10 0 74,182 10 0 44,900 0 0 639,102 7 0 29,166 3 11 32,128 0 0 141,318 0 0 66,409 10 0 43.063 0 0 868,849 2 0 210,207 11 8 25,754 0 0 220,548 1 1 147,016 16 10 236,771 8 0 79,656 2 11 51,456 2 5 70,541 3 6 4,458 14 9 138,190 15 9 95,894 8 3 57,954 19 3 118,011 5 4 149,250 12 3 200,000 0 0 200,000 0 0 200,000 0 0 JanuaryFebruary March April 1890. 20,623 3 7 1,755,145 17 2 316,009 4 0 576,013 14 2 148,796 0 0 1,466,764 10 0 528,774 10 0 669,492 2 0 21,077 15 6 309,459 3 0 96,693 17 0 3.215 5 2 r\ a nn cm -i o o n a n it orn -i o n o CMC £ n I 9,486,681 IS 3 9,486,081 IS 3 9,487,372 13 2 9,487,372 13 2 3,215 5 2 3,215 5 2 Wellington, 13th August, 1890. J. B. Heywood, Accountant tot he-Treasury.

8.—21

17

Particulars of Lodgments in the New Zealand Public Account, London.

-s—B. 21.

Bank of New Zealand. Colonial Bank of New Zealand. National ! Advances i BankofNew on Imperial Sales of Inscribed Keleasea Moet Funds. | Two-million Loan. *%£££%£* JKSnj Miscellaneous. T % Total. Zealand Drafts. Guaranteed Debentures.: Advances. Drafts. Advances. Drafts. 1837. October November.. December 1888. to January February March April May June July August September October November.. December.. £ 600,000 £ 85,000 65,000 150,000 £ 150,000 350,000 £ 150,000 25,000 £ 50,000 20,000 10,000 25,000 60,000 £ s. a. 76,081 5 0 £ 131 ', 600 £ s. a. £ s. d. £ £ s. a. 1,456 6 0 1,589 4 10 1,129 10 6 1,229 5 0 526 18 7 1,349 0 1 231 3 9 2,195 11 2 1,414 0 8 3,085 6 3 1,356 19 11 1,227 2 X 286 11 7 206 13 1 1,646 12 1 £ s. a. 621,456 6 0 11,589 4 10 26,129 10 6 196,229 5 0 215,526 18 7 632,949 0 1 220,312 8 9 27,195 11 2 901,414 0 8 408,085 6 3 1 91,356 19 11 296,227 2 1 498,147 12 8 100,206 13 1 126,646 12 1 25^000 960,000 0 0 330,000 0 0 90,000 0 0 295,000 0 0 197,861 1 1 300,000 100,000 125,000 1889. 275,000 275,634 15 11 651 5 9 134,654 11 2 481,987 1 11 966 4 5 51,213 0 6 75,235 10 10 200,141 11 0 766 12 6 830,909 13 0 270,203 17 9 56,993 6 11 January ,. February - March April Slay June July August .. ' .. September October November.. Decembe'r | 200,000 i i 634 15 11 651 5 9 1,254 11 2 6,100 15 7 966 i 5 1,213 0 6 235 10 10 141 11 0 766 12 6 909 13 0 263 17 9 1,993 6 11 133 ', 400 •• 250,000 ! 25,886 6 4 .. 25,000 75,000 200,000 25 |000 .. , , 475,000 45,000 n 3 310,000 0 0 270,000 0 0 55,000 0 0 rii r\ r\r\r\ r\ r\ 310,000 0 0 2 270,000 0 0 «rr r\r\r\ r\ r\ 55,000 0 0 1890. 20,000 0 0 1,755,000 0 0 45,964 18 7 623 3 7 145 17 2 1,044 5 5 1,013 10 2 January February .. March April .. .'. ■i n 20,000 0 0 20,623 3 7 1,755,145 17 2 316,009 4 0 576,013 10 2 125,000 575,000 ! I •• 144^000 1,7 755,000 0 C ■■ 45,964 18 7 •• • ■ .. 50,000 160,000 30,888 7 3 600,000 2,825,000 500,000 225,000 101,967 11 4 409,000 1,922,861 1 1 2,455,964 18 7 200,000 9,486,681 18 3 Wellington, 12th August, 1890. J. B. Heywood, Accountant to the Treasury.

8.—21

Particulars of Withdrawals from the New Zealand Public Account, London.

18

I Repayment of Temporal Advances. Interest and Sinking Fund. Miscellaneo Services. Imperial Guaranteed Debentures. — Placed on Fixed Deposit. i Bedemption of Debentures. Totals. •£ | Bank of Xew Zealand. Colonial Bank of \ \-,Hnml Bmi New Zealand. : National Bank. 1887. October November December .. | £ s. d. | 584,021 12 0 11,878 11 7 16.S54 0 0 £ h. d. 8,921 0 0 31,475 12 1 9,238 0 0 £ £ £ a £ s. d. 592,942 12 0 43,354 3 8 26,092 0 0 £ £ 1888. 18,750 0 0 ! 22,000 0 0 8,038 5 2 : 25,191 9 10 4,000 0 0 ! 20,573 0 0 10,100 0 0 I 6,213 0 0 95,000 150,000 150,000 January February .jjk, March April May June July August September .. October November December ! 130,667 18 10 60,182 10 0 22,980 0 0 585,856 12 0 4,000 0 0 19,347 3 0 134,315 12 1 60,798 18 9 29,900 0 0 627,681 12 0 4,000 0 0 19.354 0 0 500^000 200,000 200 ', 000 200,000 230,000 i 149,417 18 10 177,182 10 0 181,018 5 2 761,048 1 10 8,000 0 0 239,920 3 0 844,415 12 1 267,011 18 9 29,900 0 0 865,331 12 0 29,220 19 3 130,554 0 0 7,650 0 0 25,220 19 3 11,200 0 0 100,000 1888. January February March April] May June July August September ... v' October November December .. :; I 126,650 10 0 60,182 10 0 29,900 0 0 633,147 7 0 4,000 0 0 16,854 0 0 128.318 0 0 55,182 10 0 36,640- 0 0 626,849 2 0 26,960 0 0 16,854 0 0 26,405 0 0 14,000 0 0 15,000 0 0 5,955 0 0 25,166 3 it 15,274 0 0 | 13,000 0 0 I 11,227 0 0 6,423 0 0 7,500 0 0 20,947 11 8 5,000 0 0 i ! i 234,500 117,300 3,900 153,055 10 0 74,182 10 0 44,900 0 0 639,102 7 0 29,166 3 11 32,128 0 0 141,318 0 0 66,409 10 0 43,063 0 0 868,849 2 0 210,207 11 8 25,754 0 0 45,000 ' 1890. 14,778 0 0 13,082 0 0 24,550 10 0 10,343 0 0 January February March '. .' April ., 128.31S 0 0 60,182 10 0 32,400 0 0 617,149 2 0 I | I I I 5,700 1,393,500 471,824 42,000 i 148,796 0 0 1,466,764 10 0 528,774 10 0 669,492 2 0 I ' ! 4,911,426 1 3 437,222 11 11 500,000 200,000 100,000 840,000 230,000 2,268,724 9,487,372 13 2 I Wellington, 12* August, 1890, J. B. Hetwood, Accountant to the Treasury.

8.—21.

Monthly Summary of the Actual Lodgments in and Withdrawals from the New Zealand Public Account, London, together with the Balance at Credit at the End of each Month, from the 31st August, 1884, to the 30th September, 1887.

19

Date. Lodgments. Withdrawals. Balances. It August 31st. —Balance September October November December 1884. & s. a. 278,860 10 1 135,233 8 9 13,501 7 11 37,549 0 4 & s. 175,932 0 304,585 17 114,000 0 43,582 0 a. o 6 0 0 £ s. a. 276,604 9 2 379,532 19 3 210,180 10 6 109,681 18 5 103,648 18 9 1885. 785,080 10 4 759,361 13 1 466,075 19 8 250,117 11 0 440,127 19 9 711,174 17 2 369,414 10 2 274,930 2 3 116,200 11 11 94,927 14 10 9,449 14 6 40,081 1 9 503 15 6 4,895 0 0 318,603 0 2 239,087 15 4 66,636 1 8 41,490 19 8 454,790 7 2 253,260 15 2 2,877 2 8 642,280 7 4 154,434 8 3 313,318 11 0 370,016 10 387,631 10 1,155,953 8 408,087 9 35,780 0 139,982 0 593,299 19 363,164 15 45,564 3 542,066 6 26,195 0 36,218 0 154,791 10 165,164 15 76,370 19 474,040 10 68,300 3 41,562 0 167,534 13 365,182 10 59,140 0 597,547 11 92,000 0 432,273 3 0 0 4 0 0 0 4 0 4 1 0 0 8 0 4 4 3 0 6 0 0 7 0 5 518,712 19 1 890,443 2 2 200,565 13 6 42,595 15 6 446,943 15 3 1,018,136 12 5 794,251 3 3 706,016 10 6 776,652 19 1 329,514 7 10 312,769 2 4 316,632 4 1 162,344 8 11 2,074 13 11 244,306 14 9 9,353 13 9 7,689 12 2 7,618 11 10 294,874 5 6 182,952 10 8 126,689 13 4 171,422 9 1 233,856 17 4 114,902 4 11 January February March April May June July August September October November .. ' December 1886. I January February March April May June July August September October November December .. 1887 370,902 7 3 250,941 5 9 317,768 19 4 425,800 0 8 22,178 13 5 37,002 10 0 155,543 19 4 64,679 10 8 25,405 17 8 . I 267,390 3 234,500 10 323,864 19 640,958 8 27,108 0 37,854 0 150,461 10 71,182 10 27,900 0 9 0 2 0 0 0 0 0 0 218,414 8 5 234,855 4 2 228,759 4 4 13,600 17 0 8,671 10 5 7,820 6 5 12,902 15 9 6,400 2 5 3,906 0 1 January February March April May June JulyAugust September 8,944,488 13 ,944,488 13 6 9,217,187 2 9,217,187 7 3,906 0 1 Wellington, 12th August, 1890. •J. 13. Heywood, Accountant to the Treasury.

8.—21.

Particulars of Lodgments in the New Zealand Public Account, London.

20

Period. . Advances on N.I. Trunk Railway Debentures. Third One-and-a-half j Million Million Loan. Loan of 1885. £1,587,830 I Loan of 1885, &a. Guaranteed Debentures. Conversion Operations. Bank of New Zealand. Bank of New -o , , Zealand, a -?? lea Sec1-, for Interest, &c. ! Sinking Bunds, t Sales of Wellington and ; Inscribed Stock. Manawatu Rail-! Miscellaneous, way Debentures.: 1 ■ % Total. £ s. a. £ £ s. d.j s s. a. £ s. d. £ s. a. £ s. a. £ s. a. 937 1 9 386 18 9 9,501 7 11 1,467 0 4 1 2,266 15 4 2,122 8 1 4.152 11 4 117 11 0 127 19 9 1,174 17 2 4,414 10 2 44,930 2 3 1,200 11 11 I 44,927 14 10 223 13 9 4,643 11 9 503 15 6 895 0 0 685 15 2 4,087 15 4 6,636 1 8 1,490 19 8 4,790 7 2 3,260 15 2 2,877 2 8 2,2S0 7 4 61,934 8 3 i 3,318 11 0 .,153 0 8 3,941 5 9 4,460 17 7 800 0 8 2,178 13 5 2,002 16 0 I 543 19 4 679 16 8 405 17 8 £ 9. a. 278,860 10 1 135,233 8 9 13,501 7 11 37,549 0 4 785,080 10 4 759,361 13 1 466,075 19 8 250,117 11 0 440,127 19 9 711,174 17 2 369,414 10 2 274,930 2 3 110,200 11 11 94,927 14 10 9,449 14 6 40,081 1 9 503 15 6 4,895 0 0 318,603 0 2 239,087 15 4 60,636 1 8 41,490 19 8 454,790 7 2 253,260 15 2 2,877 2 8 642,280 7 4 154,434 8 3 313,318 11 0 370,902 7 3 250,941 5 9 317,768 19 4 425,800 0 8 22,178 13 5 37,002 16 0 155,543 19 4 64,679 16 8 25,405 17 8 £ £ s. a. £ £ s. a. 277,923 8 4 134,846 10 0 4,000 0 0 28,062 0 0 208,813 15 0 86,877 10 0 277,923 8 i 1884, September „ October .. „ November „ December 1885, January .. „ February.. „ March „ April „ May „ June „ July „ August „ September „ October .. „ November „ December 1886, January .. „ February.'. „ March .. „ April „ May „ June „ July „ August' „ September „ October .. „ November „ December 1887, January .. „ February.. „ March „ April „ May „ June „ July „ August „ September *> ■■ •• - 475,000 370,000 85,000 50,000 " •• 710,000 0 0 365,000 0 0 230,000 0 0 115,000 0 0 50,000 0 0 9,226 0 9 •• ■• •■ .. I 200^000 •• i ! " ■ •• •• I 30,000 235,000 60,000 40,000 j 8,020 0 0 99,000 0 0 300,361 15 0 99,000 0 0 4,000 0 0 205,000 0 0 400 ', 000 •• 40,000' 0 0 •• I I • • •• •■ .. I . . ■ ] - I .. .. .. 35,437 10 0 .. 82,917 5 0 i 1 •• •• I 450,000 0 0 .. 250,000 0 0 •■ .. •• 490,000 0 Oi 92,500 0 0 310,000 0 0 265,000 0 Oi 247,000 0 0; 96,837 10 9^ 15 |000 | 135,000 0 0 * • 104,749' 6 7 I ■ ■ .. ■ .. j 122,800 0 0 93,67011 0 '.'. | 425,000 i 20,000 35,000 135,000 40,000 25,000 | .. 20,000 0 0: 24,000 0 0 ! ■• • • Totals 250,000 0 0 980,000 1,479,226 0 9: ,501,337 10 9 1!,260, 000 jl,300, 381 15 0 400,000 137,670 11 0 1118,354 15 0 1,018,446 11 8 267,549 6 7i 231,522 2 9 8,944,488 13 6 ! j Wellington, 12th August 1890. J. B. Heywood, Accountant to the Treasury.

8.—21

21

Particulars of Withdrawals from the New Zealand Public Account, London.

6—B. 21.

Interest and Sinking Fund. Redemption of 4A-per-cent. 5-30 Debentures. Guaranteed Debentures. Conversion operations. To retire Drafts. Wellington and Manawatu llailway Debentures. Bank of New Zealand. Debentures redeemed. Miscellaneous. Total. £ b. a. 147,932 0 0 I 264,837 18 4 j 4,000 0 0 28,002 0 0 142,526 10 0 153,164 15 0 277,923 8 4 163,724 5 0 4,000 0 0 28,002 0 0 I 169,532 15 0 153,164 15 0 | 18,060 0 0 503,192 19 5 4,000 0 0 28,062 0 0 124,791 10 0 153,164 15 0 20,508 0 0 458,451 14 4 30,706 18 2 19,568 0 0 147,534 13 6 55,182 10 0 17,140 0 0 551,765 12 0 4.000 0 0 20,081 13 5 129,714 3 9 55,182 10 0 17,140 0 0 583,121 12 0 4,000 0 0 16,854 0 0 123,470 10 0 60,182 10 0 17,140 0 0 £ s. a. & s. a. £ s. d. £ s. d. £ s. a. £ s. a. £ s. a. £ s. d. 28,000 0 0 39,747 19 2 10,000 0 0 7,500 0 0 27,490 0 0 6,105 0 0 13,500 0 0 44,363 4 0 31.780 0 0 11,920 0 0 23,767 4 4 10,000 0 0 27,504 3 4 38,873 6 8 22,195 0 0 8,156 0 0 30,000 0 8 12,000 0 0 55,862 19 4 15,589 2 0 21,593 5 1 8,500 0 0 20,000 0 0 10,000 0 0 2,000 0 0 26.781 19 7 68,000 0 0 25,591 10 0 112,676 0 0 20,318 0 0 18,224 19 2 42,836 16 0 38,108 0 0 11,000 0 0 23,191 0 0 10,000 0 0 10,060 0 0 £ s. d. 175,938 0 0 304,585 17 6 114,000 0 0 43,582 0 0 370,016 10 0 387,631 10 0 1,155,953 8 4 408,087 9 0 35,780 0 0 139,982 0 0 593,299 19 4 363,164 15 0 45,564 3 4 542,066 6 1 26,195 0 0 36,218 0 0 154,791 10 8 165,164 15 0 76,370 19 4 474,040 16 4 68,300 3 3 41,562 0 0 167,534 13 6 365,182 10 0 59,140 0 0 597,547 11 7 92,000 0 0 432,273 3 5 267,390 3 9 234,500 10 0 323,864 19 2 640,958 8 0 27,108 0 0 37,854 0 0 150,461 10 0 ! 71,182 10 0 27,900 0 0 1884, September „ October „ November „ December 1885, January „ February „ March' 1 „ April ., „ May .. „ June .. . July .. „ August „ September „ October „ November , December 1886, January „ February „ March „ April .. „ May „ June .. „ ' July .. „ August „ September „ October „ November „ December 1887, January „ February „ March , April .. „ May .. „ June .. „ July .. „ August' „ September i i .. I 150,000 0 0 ■ .. .. .. .. 200,000 0 0 .. 8,020 0 0 3,361 15 0 200,000 0 0 100,000 0 0 225,000 0 0 575,000 0 0 100,000 0 0 200,000 0 0 139,530 0 0 200,000' 0 0 200,000 0 0 , . 10,000 0 0 " 13,5O6' 0 0 .. 300,000 0 0 40,000 0 0 : 19,000 0 0! 20,000 0 0 | 5,000 0 0 ! 380,000 0 0* 25,000 0 0 i 159,000 0 0 i 38,500 0 0 i 250,000 0 0 15,000 0 0! 5,000 0 0 10,000 0 0 j. 3,800 0 0 j 1,000 o o ! 700 0 0 ! I Totals 4,706,539 18 3 302,000 0 0 ; 980,000 0 0 561,381 15 0 1,200,000 0 0 139,530 0 0 j 400,000 0 0 13,500 0 0 914,235 9 4 | 9,217,187 2 7 * Including £250,000 advance on North Island Main Trunk Railway Debentures, repaid. Wellington, 12th August, 1890. 3. B. Heywood, Accountant to the Treasury.

b;—2l.

Daily Balances of the New Zealand Public Account, London, from 9th October, 1887, to 31st March, 1890. The Present Government. (905 days, averaging £134,860 per diem.)

22

Date. Balance, Balance. Date. 1S87. October 9 10 11 12 18 14 l' r» 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 81 November 1 "„ 8 i 5 6 „ 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 80 Dec. 1 2 8 4 5 6 7 8 9 10 11 12 18 14 15 16 17 18 19 20 21 22 23 24 25. 26 ' 27 28 29 30 26,571 101,571 101,745 101,745 96,32437,984 487,984 487,984 488,078 488,078 488,078 37,273 37,273 37,273 37,273 37,318 37,318 38,097 38,097 34,597 34,597 34,597 32,419 32,419 18,136 18,130 18,136 18,136 18,186 18,136 12,823 12,823 12,823 12,823 12,823 12,823 12,823 12,823 12,823 12,823 13,123 13,123 13,123 2,604 2,604 2,604 2,604 12,604 8,604 8,604 4,654 4,654 654 (554 654 654 G54 1.204 1,204 1,204 1,204. 1,204 1,204 1,204 1,204 24,288 13,800 13,800 13,800 13,800 13,800 6,737 6,737 6,791 6,791 6,791 6,791 6,791 6,791 6,791 6,791 6,791 425 1887. Doc. 81 1888. .Tanuary 1 2 "„ 8 4 // 5 6 7 8 9 to 11 12 13 U 15 16 17 18 19 '-20 21 22 23 24 25 26 27 28 29 30 31 -February 1 2 ". 3 5 '.. 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 ■March 1 2 "; 3 i ,5 "„ 6 7 8 9 10 11 12 „■% 13 14 15 16 17 18 19 20 692 692 692 60,722 6,955 2,441 2,441 2,569 2,569 2,569 52,569 52,574 87,574 81,374 4,473 4,473 4,473 4,760 733 50,733 50,733 50,747 50,747 50,747 50,747 50,747 47,327 47,327 47,503 47,503 47,503 47,503 47,503 37,503 37,503 187,503 187,503 187,664 187,664 180,664 180,664 180,664 245,664 245,064 245.664 150,664 150,064 145,664 145,664 145,695 145,695 145,695 145,695 145,695 145,695 145,695 146,030 146,030 146,030 146,030 85,848 35,848 35,848 35,848 35,848 35,848 33,167 33,167 33,167 28,167 28,600 28,660 10,600 16,660 7,429 7,429 137,400 137,400 137,400 37,400 87,400

Date. i Balance. | I Date. Balance. 1888, March 21 22 23 24 25 26 27 28 29 80 81 April 1 2 I 3 4 „ 5 6 „ 7 8 '■> 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 " 30 May 1 3 4 5 "„ 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 "„ 26 27 28 29 30 31 June 1 2 3 4 5 6 7 -8 10 11 & 87,400 37,400 37,455 39,084 39,084 39,084 189,183 189,183 189,553 189,553 537,777 537,777 537.777 437,777 885,225 385,225 385,225 885,225 385,225 385,225 380,225 380,225 432,007 396,131 396,131 896,131 396,206 396,206 496,206 496,200 40,101 40,101 40,101 40,101 40,101 40,101 40,101 32,301 32,334 32,334 3,043 4,981 4,981 4,981 4,981 5,076 5,076 5,076 5,070 5,076 3,076 3,076 3,106 8,106 3,175 3,175 3,175 3,175 3,175 3,175 3,175 3,175 3,175 3,216 1,216 1,238 1,238 1,238 1,238 1,238 26,238 22,238 17,398 17,398 17,398 17,398 17,617 17,617 17,617 117,617 114,617 114,617 114,617 1888. Juno 12 13 14 15 1G IV 18 19 20 21 22 "., 23 24 25 20 27 „ 28 29 30 July 1 2 3 4 „ 5 fi 8 9 to 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 80 31 August 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 10 17 18 19 20 21 22 23 24 25 . 26 27 28 29 30 31 Sept. 1 2 114,617 114,054 104,166 104,166 104,166 104,166 96,215 96,2.1.5 476,215 476,215 476,215 476,215 476,215 486,353 486,353 542,353 552,353 546,037 743,732 743,732 743,782 743,732 704,966 659,906 630,411 618,865 618,805 118,365 118,395 118,395 45,511 .45,042 45,642 45,642 145,642 145,642 145,642 45,642 47,329 47,329 47,329 47,382 47,382 297,282 297,282 292,402 307,402 307,402 307,-102 307,402 307,402 122,402 122,402 122,608 122,608 122,608 122,608 121,991 121,991 121,991 147,000 147,000 147,000 147,015 162,042 162,042 162,042 162,042 162,012 162,665 172,665 172,605 172,605 172,665 172,665 172,665 172,665 167,779 182,669 186,930 131,748 131,748 131,748

8.—21.

Daily Balances of the New Zealand Public Account, London, from 9th October, 1887, to 31st March, 1890— continued.

23

Date. Balance. Date. Bal'anoe. 1888. Sept. 3 * 4 5 6 7 8 '„ 9 10 11 12 IS 14 15 16 „ " 17 18 19 •20 21 22 23 24 25 26 27 28 29 "., SO October 1 2 ". 3 4 •r> 6 7 9 10 11 12 .13 14 15 16 17 18 19 20 21 22 23 24 25 I 26 27 28 29 30 31 November 1 2 "„ 3 4 ■> 6 8 9 10 11 12 13 w 15 16 17 18 19 20 21 „ -22 23 24 £ 131,748 131,701 370,701 380,701 380,701 380,761 380,701 380,701 401,775 389,775 399,781 393,589 393,010 393,016 393,016 393,665 393,005 393,605 393,005 393,605 393,605 393,605 393,005 408,005 408,751 408,751 398,075 398,075 398,075 423,126 583,120 530,450 530,451 500,451 500,451 508,312 508,312 508,312 508,412 508,407 540,947 546,947 440,947 446,947 446,947 446,947 490,947 5,602 5,662 5,708 5,708 5,708 3,058 3,058 3,091 3,091 3,091 3,091 30,891 30,891 30,891 30,891 30,891 30,891 30,930 7,709 7,749 7,749 7,749 7,749 7,749 7,749 7,749 7,817 57,817 57,817 57,817 57,817 57,817 57,817 55,817 105,817 105,858 105,858 1888. Nov. 26 27 28 29 30 Dec. 1 2 I 3 ,, i 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 81 1889. January 1 "„ 3 4 v 5 6 7 I 8 9 10 11 12 1.3 14 13 16 „ 17 18 19 20 21 22 23 "„ 24 25 26 27 "„ 28 29 30 31 February 1 2 3 4 „ 5 0 7 8 ", 9 10 11 12 13 14 £ 105,858 105,858 105,877 105,877 101,877101,877 .101,907 101,907 101,907 96,907 221,907 119,417 1.14,4.17 114,417 114,41.7 114,417 114,592 114,592 104,104 104,104 104,104 104,104 104,104 104,149 102,949 102,949 102,949 102,949 102,949 102,949 102,949 102,993 102,993 100,128 100,128 97,968 97,768 97,968 172,969 119,202 109,002 109,002 109,002 109,054 109,054 109,054 104,053 204,053 204,053 131,197 131,197 131,197 131,197 131,085 131,685 131,685 131,085 120,753 126,753 126,753 126,753 126,753 126,753 126,753 126,753 226,753 220,548 220,617 220,617 220,617 220,617 220,617 220,617 220,017 206,617 206,617 206,617 206,617 206,655~ 206,655 206,655

Date. ISalance. Date. Balance. 1889. February 15 16 17 18 19 20 21 22 23 24 25 26 27 28 March 1 2 "„ 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 "„ 28 29 30 31 April 1 2 "„ % '„ 4 /. 5 0 7 8 9 10 11 12 18 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 May 1 2 "„ 8 4 I 5 6 7 - 8 0 £ 206,655 206,055 200,655 206,655 200,655 206,702 206,702 200,702 206,702 200,702 207,150 207,150 207,156 147,017 147,017 147,017 147,017 147,017 147,017 147.079 147,079 147,079 147,079 147,079 147,079 130,133 130,133 123,994 257,394 257,394 257,394 257,394 257,425 257,425 257,425 257,425 257,425 257,425 257,425 257,425 257.425 257,633 237,633 236,772 236,772 238,115 238,115 238,115 185,512 185,512 186,149 186,149 186,149 186,240 186,240 212,126 212,126 144,967 144,907 246,407 246,467 246,490 491,574 491,574 491,289 491,289 491,289 491,314 491,314 491,314 491,355 491,355 491,355 101,855 79,656 79,656 71,680 71,723 71,723 71,723 02,798 02,798 03,345 63,345 1889. Slay 10 11 12 18 14 „ IS 16 17 18 19 20 21 22 „ 24 25 20 27 28 20 I 30 81 Juno 1 2 ",. 8 4 6 6 7 9 10 U 12 13 14 15 16 17 18 19 20 21 22 I 23 24 25 26 27 28 29 SO July 1 2 I 8 4 5 „ 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 "„ 23 24 „ 25 26 27 28 29 30 31 August 1 £ 63,345 63,345 63,345 (13,345 63,366 63,366 68,866 63,515 63,515 63,515 63,515 63,540 63,540 03,540 60,407 60,407 60,407 60,407 60,407 60,407 00,407 51,456 51,456 51,456 51,506 51,555 51,555 51,555 102,042 98,842 98,842 98,84a 99,037 99,037 99,037 88,549 88,549 88,549 88,644 88,644 88, (544 88,644 88,644 76,570 76,570 76,570 76,570 76,610 76,610 73,705 70,541 70,541 70,663 70,663 71,663 16,867 16,905 91,905 91,905 91,905 91,905 91,905 91,905 86,921 12,369 12,369 12,309 7,369 7,369 7,421 7,421 7,421 7,421 7,421 7,421 7,421 7,458 4,458 4,4-58 4,458 4,458 4,458 4,458 1,458

8.—21.

Daily Balances of the New Zealand Public Account, London, from 9th October, 1887, to 31st March, 1890— continued.

J. B. Hetwood, Wellington, 12th August, 1890. Accountant to the Treasury.

24

Date. Balance. Date. Balance. 1889. August 2 8 4 5 6 7 . 8 9 10 11 12 IS 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Sept. 1 2 " 8 4 5 6 7 8 9 10 11 12 13 H 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 October 1 £ 201,496 201,496 201,496 201,496 201,490 201,496 201,515 193,289 193,289 193,289 193,289 193,289 193,289 193,289 193,348 193,348 193,348 193,348 193,348 193,348 193,373 193,373 193,373 193,373 193,373 193,373 193,373 193,373 138,190 138,190 138,190 133,190 133,190 133,247 133,247 133,247 133,247 133,247 133,247 126,825 126,825 114,869 108,677 108,677 108,677 108,677 108,677 108,677 108,725 108,771 108,771 108,771 108,771 108,771 108,771 108,820 108,820 108,820 108,820 95,893 95,893 1889. October 2 3 4 5 6 7 I 8 <) 10 11 12 18 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 November 1 2 3 4 •r> 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 „ ' 26 27 28 29 30 Dec. 1 £ 96,002 96,002 43,326 43,326 43,326 43,326 43,326 43,965 43,905 43,965 43,965 43,965 5,829 5,829 5,829 5,829 5,829 5,829 5,829 9,596 5,596 5,596 4,096 4,096 2,096 2,096 2,154 157,154 157,154 57,954 39,454 4,160 4,160 20,060 37,660 78,960 134,599 132,699 132,699 132,099 106,599 125,498 158,799 113,855 127,855 127,855 127,855 123,755 123,455 123,486 133,486 133,480 123,801 123,801 122,683 122,683 122,683 122,184 118,011 .118,011 118,011

Date. Balance. Date. Balance. 1889. Dec. 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 & 117,011 117,060 126,360 126,360 126,360 125,860 325,860 125,937 140,937 140,937 141,242 130,768 130,856 130,856 125,856 125,056 125,755 125,755 135,804 135,804 135,804 135,804 135,524 135,524 135,524 135,524 134,824 134,824 152,026 149,250 1890 January 30 31 February 1 „ 2 3 4 5 6 7 8 9 10 11 12 13 14 15 10 17 18 19 20 21 22 f 23 24 25 26 27 28 March 1 2 "„ 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 & 21,047 21,077 21,077 21,077 21,077 21,077 21,130 13,048 13,048 13,048 13,048 13,048 13,048 8,048 8,048 23,048 23,048 23,048 23,048 23,048 23,141 23,141 23,041 23,041 23,041 23,041 103,041 143,041 1,723,041 309,459 183,859 183,859 144,559 111,702 55,602 27,802 11,502 1,302 1,302 602 984 1,184 1,284 20,541 43,600 43,606 174,306 167,706 162,391 157,091 154,391 147,767 147,767 141,467 138,113 135,913 132,188 129,888 110,738 116,738 96,693 1890. January 1 2 I 3 4 5 G 8 9 10 11 12 13 14 15 16 17 18 ■ 19 20 21 22 23 24 25 26 27 28 29 149,250 149,536 149,136 90,370 90,370 90,412 90,412 90,312 90,312 88,212 88,212 88,212 88,212 18,467 18,467 18,467 17,967 17,867 17,867 17,867 17,867 17,952 16,952 16,952 16,952 16,952 16,752 11,752 11,347

8.—21.

Daily Balances of the New Zealand Public Account, London, from 4th September, 1884, to 8th October, 1887. The Late Government. (1,130 days averaging £254,000 per diem.)

7—B. 21.

25

iBYGdBate. Amount. Date. Amount. ! Date. Amount. Date. Amount. I |i ii_ 1884. Sept. 4 fl 5 0 „ 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 29 30 October 1 ■2 " 3 „ 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 31 Nov- 1 2 3 4 5 6 I 7 8 " 9 10 11 12 13 14 15 16 17 18 13 20 21 22 23 24 25 £ 264,604 274,604 282,872 282,872 282,872 282,904 282,904 282,904 272,904 264,844 264,844 264,844 264,844 264,865 264,865 264,365 248,865 248,865 248,865 508,729 508,729 508,729 508,729 508,729 508,729 508,729 379,533 249,542 249,542 249,542 239,564 239,564 239,564 348,867 348,867 348,867 348,867 348,867 348,867 348,867 239,620 219,916 219,916 219,916 219,916 219,916 219,916 220,085 220,085 220,085 245,685 245,685 245,685 245,685 245,685 245,685 235,781 210,181 210 181 210 181 210,181 210,233 210,233 211,133 211,133 211,133 211,133 215,050 215,050 215,178 215,178 215,178 215,178 215,178 215,178 215,178 219,486 219,486 219,486 123,486 123,486 123,486 123,486 : I 1884. Nov. 26 27 28 29 30 Dee. 1 " 3 4 ,/ 5 6 7 8 9 1.0 11 12 13 14 15 16 17 18 1.9 20 21 22 "„ 23 24 25 26 27 28 29 30 31 1885. January 1 2 " ;' 4 ./ 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 "„ 26 27 28 29 30 31 February 1 2 ", 3 4 5 ? I 9 10 11 12 13 14 15 £ 123,525 123,525 113,682 109,682 109,682 109,682 109,769 109 ,769 109,769 101,747 122,965 122,965 122,965 122,965 122,965 123,059 123,059 109,863 109,863 109,863 109,863 109,863 109,863 109,863 109,863 109,863 109,863 105,339 117,340 117,340 117,340 117,340 117,340 117,340 114,496 103,649 103,649 103,649 103,649 103,649 103,649 103,649 246,175 246,175 246,175 246,175 246,175 246,251 246,251 103,725 103,725 103,725 103,725 103,725 153,755 .153,755 258,755 258,755 325,109 325,109 325,109 325,488 325,488 325,488 317,998 518,713 518,713 518,713 452,426 449,064 452,426 732,426 732,426 747,426 747,426 747,426 747,426 747,445 772,445 772,445 772,729 772,729 I i I 1885. February 16 17 18 19 20 21 22 23 24 25 26 27 28 March 1 2 "„ 3 4 „ 5 6 7 8 "„ 9 10 11 12 13 14 15 16 17 18 19 20 21 22 "„ 23 24 25 20 27 28 29 30 31 April 1 2 I 3 4 ,, 5 0 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 May 1 li I 9 4 5 -6 7 8 9 £ 772,729 774,1S4 804,184 804,184 884,957 659,957 659,957 679,957 680,020 977,020 977,020 890,142 890,443 890,443 890,443 900,443 960,443 970,443 978,503 878,538 878,538 553,538 553,538 553,538 543,538 535,478 535,478 535,478 535,478 535,549 550,549 550,549 550,549 537,049 537,049 537,049 657,484 657,984 657,984 756,984 750,984 756,984 756,984 200,566 171,688 171,688 171,688 171,688 171,688 171,688 171,688 162,325 162,325 192,325 192,325 192,325 192,325 48,140 48,140 68,140 68,140 68,140 68,140 68,140 68,196 68,196 68,196 68,196 68,196 68,196 68,196 68,196 68,196 42,596 42,596 42,596 42,596 42,596 42,596 42,659 42,659 42,659 31,879 1885. May 10 I 11 | 12 : u 15 | 16 ! 17 ! 18 ! 19; 20 j : 22! 23 24 i 25 : 26 27 28 29 30 31 June 1 2 "„ 8 4 „ 5 (> 7 8 I 9 10 11 12 13 14 15 16 17 ! 18 19 20 I 21 22 "„ 23 24 25 26 27 ! 28 29 30 July 1 "., 3 4 „ 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 "„ 23 ■ 24 25 20 27 28 29 30 31 £ 31,879 31,879 31,879 31,879 31,879 31,879 31,879 31,879 31,879 31,944 31,944 10,944 10,944 50,944 50,944 50,944 50,944 50,944 50,944 450,944 446,944 446,944 446,944 447,014 447,014 447,014 447,014 447,082 447,082 447,082 505,162 405,162 405,162 405,162 872,266 872,266 872,266 872,341 952,341 952,341 952,341 952,341 952,341 1,032,419 1,032,419 1,032,419 1,032,419 1,032,419 1,032,419 1,032,419 1,029,553 1.018,137 1,134,037 1,134,037 1,134,037 1,088,390 1,088,390 1,118,390 1,118,390 918,390 918,390 918,390 906,746 906,746 906,746 782,980 682,980 802,980 862,980 862,980 862,980 862', 980 862,980" 862,980 863,056 890,933 890,933 890,933 790,933 790,933 790,933 790,933 794,251

8.—21.

Daily Balances of the New Zealand Public Account, London, from 4th September, 1884, to 8th October, 1887 — continued.

26

ep Balauoe. Date. Date. Balance. 1885. August 1 2 3 „ 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 y-r» 26 27 28 29 30 31 Sept. 1 o * 3 5 „ 7 8 9 "„ 10 11 12 I 13 14 15 1.6 17 18 19 20 21 22 23 24 25 20 27 28 29 80 October 1 "„ 3 4 5 0 7 8 9 10 11 12 13 14 15 16 17 18 19 20* 21 22 23 ', 24 a 707,904 767,904 707,964 707,904 767,904 708,107 708,107 788,107 788,107 788,107 588,118 728,113 718,113 718,113 718,113 718,113 728,113 728,113 728,113 728,113 728,113 728,113 728,113 728,113 728,153 728,153 728,153 772,894 792,894 792,894 706,017 700,017 726,017 720,317 720,317 759,317 759,317 759,317 795,360 795,360 795,360 785,360 790,300 790,360 782,300 782,300 782,300 792,848 ■ 792,348 780,611 780,611 780,011 780,011 772,991 772,991 772,991 772,991 772,991 772.991 778,077 770,653 770,053 758,575 712,928 712,928 712,928 713,063 713,003 763,003 763,003 703,003 768,068 763,003 763,063 088,558 088,558 688,558 688,558 688,558 688,558 865,909 365,909 365,909 365,909 305,909 1885. October 25 26 27 28 29 30 81 Nov. 1 ",. 3 4 5 0 „ 7 8 9 10 » ■ 11 12 "„ 1.3 14 15 10 17 18 19 20 21 22 23 "„ 24 25 26 27 "„ 28 29 30 Dec. 1 2 "„ 4 •r> 6 „ 7 8 9 10 11 12 13 14 15 10 „ 1.7 18 19 20 21 22 ",. 23 24 25 26 27 28 29 30 31 £ 805,909 365.909 305,909 866., 909 855,114 329,514 329,514 829,514 329,514 329,539 329,669 329,609 329,669 329,669 329,609 329,609 329,069 338,895 331,700 331,700 381 ,700 331,700 331,700 331,769 331,769 331,769 331,769 831 ,769 831,769 331,769 331,769 310,769 316,769 310,709 310,709 310,709 812,769 316,127 316,127 316,127 310,127 316,127 316,127 316,127 316,127 316,127 816,127 851,662 351,662 351,002 338,460 338,460 838,400 338,466 338,406 330.310 330,310 330,310 330,310 880,310 330,384 330,384 830,384 330,384 . 330,384 380,384 327,519 310,032 1886. January 1 2 "„ 3 4 •r» 6 "„ - 8 9 10 11 12 13 14 15 810,032 810,868 316,868 271.222 271,430 271,430 271,430 271,430 271,430 271,430 206,430 260,430 266,430 177,284 177,284

Date. Balance. Date. Balance. 1880. January 16 . " 17 18 19 20 21 "„ 22 23 24 25 26 27 28 2!) 30 31 February 1 "„ 'A 4 5 6 7 8 9 10 11 12 18 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 March 1 " 8 4 5 6 „ 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 29 30 31 April 1 2 3 4 5 6 7 8" 1 9 10 & 177,284 177,284 177,284 177,28i 177,284 177,284 177,284 162,284 1(12,284 162.284 162,344 162,344 162,344 162,344 162,344 162,344 96 ,057 96,799 90,799 96,79!) 96,840 96,840 96,840 90,840 90,840 86,840 86,929 86,929 80,929 80.929 86,929 86,929 86,92!) 80,929 86,929 86,929 86,929 80,929 86,962 HO,952 '.10,952 90,952 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2,075 2.020 620 80 ,620 10,620 2,500 2,560 2,560 2,560 2,560 87,641 43,865 43,865 43,865 43,865 43,882 43,882 43,882 43,882 163,882 163,882 103,882 163,882 244,307 244,490 244,490 190 ,'384 190,884 190,081 190,081 190,681 190,681 190,681 J90,081 1886. April 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 29 30 May 1 -2 '„ 3 4 5 6 7 8 <) 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 29 30 31 June 1 <2 ", 3 4 „ 5 0 „ 7 8 9 10 11 12 13 14 15 16 „ 17 18 19 20 21 22 23 24 25 26 27 28 29 30 July 1 2 ■j 4 190,681 192,181 192,581 128,076 128,076 123,232 123,232 123,232 338,232 14,294 14,294 14,294 14,294 14,294 14,294 14,294 14,543 14,543 34,954 9,354 3,105 3,105 3,1.05 38,105 f>,715 5,715 5,715 5,715 5,715 5,715 5,715 30,715 30,715 15,832 15,832 15,832 15,832 10,009 10,210 10,210 10,210 16,210 10,210 16,547 16,547 11,547 11,547 11,547 11,547 11,547 7,690 7,690 7,690 7,690 7,690 7,690 7,690 7,787 8,212 8,212 8,212 8,212 15,212 15,212 15,212 2,099 2,149 2,149 2,149 2,14.9 2,149 2,149 2,269 1,26!) 1,209 1, 269 1,209 1,209 31,209 23,904 7,619 7,619 457,619 403,852 403,852

8.--21

Daily Balances of the New Zealand Public Account, London, from 4th September, 1884, to 8th October, 1887— continued.

27

I Date. Balance. Date. Balance. J 1886. July August Sept. 5 6 7 8 9 10 11 12 18 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 81 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 10 17 18 19 20 21 22 23 24 25 20 27 28 29 30 31 1 2 3 4 5 6 7 8 !l 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 £ 403,852 403,852 403,852 403,852 403,852 394,336 394,336 394,336 328,203 328,203 328,203 318,203 318,203 318,203 318,203 318,203 318,203 318,203 318,203 318,556 318,556 318,556 318,556 318,551 318,551 294,492 294,874 294,874 294,874 245,004 245,004 225,004 225,004 175,004 175,004 175,004 125,048 125,372 125,872 75,372 75,372 75,372 325,372 325,372 328,882 328,882 305,882 305,882 305,882 300,175 286,175 286,175 266,175 266,175 246,175 246,175 182,953 182,953 181,133 181,289 181,289 181,289 181,289 181,289 171,289 171,289 171,850 171,850 151,850 151,850 145,658 145,934 146,536 146,706 136,706 130,706 136,706 136,706 136,706 136,706 126,706 126,706 126,706 126,706 126,706 i ! ! ! > I I ; i ! I I E > . ! [ [ [ [ [ [ [ [ [ [ i ! > ! ! ! ; j i ! ! ! ! > > i ! ! I I > I I I I I I I I I : ■ » 1886. Sept. 28 29 30 October 1 2 3 4 5 6 „ 7 8 9 10 11 12 18 14 15 16 17 18 19 20 21 22 23 24 "„ 25 26 27 28 29 30 31 Nov. 1 2 ", 3 4 6 7 8 9 10 11 12 13 14 15 16 I 1? 18 19 20 21 22 23 24 25 "„ 20 27 28 29 80 Dec. 1 2 3 4 5 6 7 8 9 10 11 12 13 „ c 14 „ ' 15 10 17 18 19 20 21 126,872 126,872 126,690 116,690 106,690 100,690 54,013 55,605 55,605 55,605 55,605 55,605 55,005 55,605 70,849 64,067 5,958 5,958 5,958 5,958 5,958 5,958 5,958 5,958 1,958 1,958 1,958 430,958 13,409 53,409 188,622 178,622 171,422 171,422 171,422 166,422 166,913 196,913 196,913 196,913 196,913 196,913 196,913 212,380 212,380 154,380 154,380 154,380 154,380 173,124 173,124 168,124 216,124 216,124 216,124 233,124 233,124 228,124 228,124 225,346 225,346 225,346 237,857 233,857 234,340 234,340 234,340 239,340 239,340 501,340 488.748 489,013 239,013 253,862 254,657 254,657 254,657 248,492 248,492 118,492 129,196 129,196 129,196 129,196 129,196

Date. Balance. I Date. Balance. I 188(5. Dec. 22 23 24 25 20 27 28 29 30 31 & HO, 197 110,197 120,225 120,225 120,225 12,0225 120,225 120,260 117,395 J. 14,902 1887. March 15 16 17 18 19 20 21 22 23 24 25 20 27 ■28 29 30 31 April 1 2 " 8 4 5 6 ,r 7 8 9 10 11 12 18 14 15 10 17 18 19 20 21 22 24 25 20 27 28 29 30 May 1 I 3 4 5 7 8 9 10 11 12 13 14 15 10 17 18 19 20 21 22 "„ 23 24 25 20 27 28 29 30 31 June 1 2 I 3 4 5 6 ,> 7 k 210,357 210,357 100,357 153,578 153,578 153.578 153,658 153,658 153,758 147,985 146,485 141,485 141,485 141,485 141,485 228,055 228.759 223,837 223,837 223,837 171,161 171,101 171,16.1 163,838 163,333 103,333 103,333 163,333 103,582 145,244 86,903 80,903 86 ,903 86,903 80,186 475,180 25,281 25,281 15,722 15,722 15,722 15,722 15,722 15,800 10,800 13,600 13,600 13,600 13,600 14,803 14.863 14,803 14,863 15,199 15,199 15,199 15,199 3,830 23,830 17,091 17,091 17,091 17,326 17,326 17,326 17,326 17,326 12,326 12,326 12,326 12,326 12,393 12,893 12,671 12,671 12,671 12,071 8,671 9,156 9,156 9,619 9,61!) 9,619 9,662 4,662 1887. January 1. I 3 4 5 6 7 8 9 10 U 12 13 14 15 10 17 18 19 20 21 22 23 24 25 2G 27 "„ 28 29 30 31 February 1 2 " 3 4 5 0 7 8 9 10 1.1 12 18 14 15 16 17 18 19 20 21 22 23 24 25 20 27 28 March I I 3 4 5 0 7 8 1) 10 11 T2 13 14 111,902 114,902 119,902 66,136 66,136 66 , 136 00,074 00,074 60,074 70,074 65,408 295,408 300,986 236,232 280,550 230,550 235,550 235,556 240,550 235,550 235,556 235,550 235,550 235,632 128,605 123,005 228,414 218,414 218,414 218,414 218,414 205,712 200,712 190,712 190,712 170,712 176,712 165,712 161,532 163,951 156,451 143,951 150,951 150,951 143,951 134,951 129,951 119,633 119,033 109,633 109,033 109,710 104,820 104,820 100,038 95,038 100,038 100,038 234,855 235,080 310,080 110,080 120,774 115,774 115,774 115,774 106,607 106,607 106,607 98,445 98,445 98,445 87,557

B.- 21.

Daily Balances of the New Zealand Public Account, London, from 4th September, 1884, to 8th October, 1887 — continued.

J. B. Heywood, Wellington, 12th August, 1890. Accountant to the Treasury.

28

Date. <* Balance. Date, Balance. Date. Balance. Date. Balance. 1887. -lune 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 July 1 2 ",. 8 4 I fi 7 8 a 4,662 5,041 26,050 26,050 26,050 19,050 3,562 ■3,562 3,562 3,562 3,562 3,562 3,562 3,562 3,562 3,719 3,719 3,719 3,719 3,719 3,719 11,180 7,820 7,820 62,820 62,820 8,254 8,254 8,254 8,254 8,254 1887. July August 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 2 3 4 5 6 7 8 £ 8,492 6,492 6,492 6,492 76,492 16,788 3,707 3,707 3,707 3,707 3,707 3,707 3,207 2,707 2,707 2,707 2,707 2,707 2,707 2,707 12,707 12,902 12,902 12,902 12,902 12,902 12,902 12,902 12,902 .1.2,902 12,484 1887. August 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Sept. 1 2 3 4 5 6 7 8 & 12,484 7,484 7,484 7,484 31,484 31,484 31,484 31,484 31,484 31,484 31,484 30,984 30,984 30,984 31,393 31,393 31,393 31,393 31,393 31,393 31,393 71,582 6,400 6,400 6,400 6,400 6,400 5,700 5,700 5,700 5,700 1887. Sept. 9 10 11 12 13 14 15 16 17 18 19 20 i 21 22 23 24 25 2G 27 "„ 28 29 SO October 1 2 3 4 „ 6 6 7 8 5,700 5,700 5,700 20,963 15,903 9,711 9,722 9,722 9,722 9,722 9,722 9,722 9,722 4,722 4,722 4,722 4,722 4,794 4,794 4,794 4,794 3,906 78,900 78,900 79,247 26,571 26,571 26,571 26,571 26,571

8.—21

29

Weekly Balances of the Public Account and other Government Accounts at Wellington from the 9th October, 1887, to the 29th March, 1890. THE PRESENT GOVERNMENT. The bank allows 4 per cent, interest on the daily balances of the Public Account, the EeceiverGeneralls Deposit Account, the Post Office Account, the Government Insurance Account, the Public Trustee's Account, and the Account of the Commissioners of the Public Debt3 Sinking Funds at Wellington, when the balances of those accounts as a whole are under £80,000; when the balances as a whole exceed that amount, 3 per cent. No interest is allowed by the bank on sums over £400,000 except by special agreement.

* Bank allowed interest oil excess over £400,000, Gth February to 3rd May, 1888

B—B. 21.

Public Account. Balances of all : the Accounts. \\ Public Account. Oot. 9, 1887 „ 14, . . 21, , „ 28, „ „ 29, , 5fov. 5, „ , 12, » , 19, » „ 26, „ Dec. 3, „ „ 10, » . 17, „ . 24, , 31, , Jan. 7, 1888 . 14, » „ 21, . . 28, „ Feb. 4, , „ 6,' „ . V, . - 15, . . 22, , . 29, . Mar. 7, „ . 14, „ , 21, , , 29, , April 1, „ » 8, . . 15, » : 21, , „ 28, , May 3,* „ . 10, . 17, « . 24, „ » 31, . .(unt; 7, w , 14, , 21, „ . 28, „ July 5, « 9, „ . 1G, „ » 23, „ 30, „ Aug. 5, „ , 12, „ „ 19, , „ 26, „ Sept. 2, „ « 9, „ 16, „ .. 23, , „ 30, . Oot. 6, „ „ 17, „ . 23, , , 29, „ -, 30, » Nov. 2, „ 3, „ „ 10, „ „ 17, , . 20, , Dec. 1, „ , 8, „ . 15, , , 22, , » 29, " Jan. 5, 1889 £ 281,760 263,572 270,299 280,950 243,659 254,694 262,577 310,293 268,141 112,493 193,317 113,829 74,335 95,254 142,409 160,016 172,517 193,983 213,440 203,902 224,068 391,649 529,148 411,115 401,488 284,092 899,169 416,033 454,380 359,263 400,021 424,978 345,048 243,299 449,623 475,312 390,907 337,696 363,123 406,210 202,394 169,747 200,657 204,861 255,192 171,867 199,705 199,801 ' 239,807 200,940 188,051 182,251 122,204 128,978 133,800 151,370 43,168 96,183 94,656 223,700 204,891 179,623 46,870 63,945 102,977 136,307 102,218 102,760 115,023 149,830 97,190 93,430 £ 430,106 414,743 417,869 412,561 374,492 401,837 427,858 432,936 389,830 281,528 370,489 186,916 144,753 156,640 223,551 250,862 271,620 313,398 387,090 395,445 418,514 552,868 696,171 689,496 707,105 600,237 609,596 633,033 644,200 566,696 599,278 629,760 568,036 479,594 572,933 593,967 535,412 502,728 544,902 585,108 412,839 355,420 395,050 407,279 455,746 392,724 412,239 428,305 469,282 456,515 445,221 461,077 407,942 441,535 435,704 451,625 351,321 404,164 372,827 408,765 390,600 407,374 277,676 317,878 378,563 402,804 261,209 277,867 292,414 275,511 202,449 210,094 Jan. 12, 1889 19, „ . 26, . Feb. 2, „ 9, „ . 1G, „ , 23, „ Mar. 2, „ 9, „ 16, „ » 23, , „ 30, , April 1, „ 6, „ . 13, „ , 20, „ . 25, „ „ -26, „ May 4, „ . 11, . . 17, , , 18, „ , 25, „ June 1, „ . 8, „ . 12, » „ 15, , 22, „ 29, „ July 6, „ 18, „ 20, „ 27, „ Aug. 3, „ , 10, „ , 17, » 24, „ „ 81, „ Sept. 7, » , 14, , „ 21, „ . 27, , Oct. 5, „ „ 12, „ „ 19, » , 26, , Nov. 2, » 9, „ . 16, „ 23, „ „ 30, „ Dec. 7, » 14, „ . 21, » 24, „ „ 28, „ Jan. 4, 1890 , 11, . 18, „ 20, „ . 21, „ . 25, . Fob. 1, „ 8, , , 15, , , 21, , 22, „ Mar. 1, „ 8, „ „ 15, „ » 21, „ 22, „ , 29, „ 117,125 129,962 101,038 69,502 137,204 165,841 77,771 92,221 129,768 162,237 192,145 368,585 263,929 271,980 309,791 330,684 332,417 309,689 322,744 329,493 391,239 211,809 188,486 133,734 166,135 210,163 135,718 72,323 82,218 137,602 158,675 152,477 138,070 155,191 28,049 95,883 102,763 108,544 113,623 126,776 164,417 203,967 109,354 162,273 156,509 146,342 160,898 143,982 172,350 180,882 180,833 212,955 313,437 400,620 119,055 156,079 160,761 174,024 225,566 231,762 190,585 99,895 130,471 151,293 235.338 241,131 124,735 147,541 258,786 291,847 ■ 310,546 119,991 157,970 £ 254,957 264,606 217,893 181,517 262,459 330,672 200,916 230,169 259,518 294,096 317,120 425,164 344,104 355,439 402,377 415,696 422,379 386,500 402,788 446,197 505,550 347,661 333,477 300,841 344,753 411,756 332,055 270,655 258,987 310,078 342,705 329,748 317,570 340,885 210,512 271,556 223,547 232,473 282,281 287,517 328,888 335,370 233,971 266,866 266,898 260,709 284,513 284,592 306,446 326,030 358,279 416,594 488,240 559,522 250,469 292,567 304,549 338,555 397,378 40S,594 361,624 274,756 311,103 347,964 411,390 435,387 328,790 351,450 413,196 443,185 470,858 285,972 322,282 i

8.—21.

Weekly Balances of the Public Account and other Government Accounts at Wellington from the 4th September, 1884, to the Bth October, 1887.

THE LATE GOVERNMENT.

J. B. Hbywood, Wellington, 12fch August, 1890. Accountant to the Treasury.

By Authority: Geobge Didsbuey, Government Printer, Wellington.—lB9o.

30

i / Public Account. Balances ot all the Accounts. - -^ 1884. September 4 6 13 ' „ 20 27 October 4 11 18 25 November 1 8 15 22 29 December 6 9 10 15 23 24 29 1885. January 2 3 "., 8 7 15 26 27 February 5 10 20 ,/ 28 March 7 14 21 28 April 4 11 18 May 1 2 4 "„ 16 23 30 June 6 13 20 27 July 4 11 18 25 August 1 8 15 22 '„ 29 September 5 12 "„ 19 26 October 3 10 17 24 31 November 7 14 21 28 December 5 12 19 26 1886. January 2 „ " 9 16 23 30 February (> 13 20 27 March 6 13 20 27 £ 64,510 101,854 184,589 170,368 81,022 107,312 105,505 118,219 84,515 52,959 150,044 141,122 142,215 115,497 . 202,304 271,865 260,493 297,848 272,012 ' 249,827 ' 308,318 £ 191,153 292,050 324,952 334,861 196,891 225,903 199,370 225,968 185,105 171,144 279,656 263,683 274,078 240,539 398,772 407,046' 398,387 429,144 419,056 382,827 467,540 207,827 247,243 268,976 lb0,285 200,051 233,829 203,023 207,434 301,706 195,458 171,068 150,623 187,486 215,067 53,475 66,815 71,548 90.753 274,018 257,888 237,701 26't,6l() 330,624 307,377 260,040 279,414 299,796 319,483 280,403 277,848 319,247 290,911 290,020 287,093 310,063 348,451 302,319 298,706 316,839 358,397 331,346 311,495 333,007 318,985 330,227 361,479 279,075 293,751 2S4,280 293,255 270,084 295,428 339,834 358,883 326,671 408,331 384,534 430,577 321,7.61 417,033 418,980 388,139 ' ■411,709 ' 448,105 344,616 300,545 280,392 318,042 360,279 186,203 201,002 221,529 257,272 444,097 417,295 400,370 429,474 519,021 506,335 472,588 491,937 515,439 528,624 490,077 507,149 556,557 528,006 525,334 520,319 560,223 598,677 556,797 548,212 581,383 632,6 r;0 000,211 574,000 597,482 580,491 615,460 639,895 573,428 593,435 578,284 590,904 561,689 629,479 ■662,077 659,138 596,161 308,653 314,767 306,125 265,177 * 190,707 287,199 336,590 475,753 473,081 400,628 462,289 454,471 442,012 587,335 603,069 652,500 545,295 496,471 502,220 553,444 576,498 575,985 573,152 611,729 614,671 574,107

Public Account. Balances of all the Accounts. 1886. Ipri] 3 10 17 24 May 1 8 15 22 "„ 29 Fune 5 12 "„ -19 26 hily 3 10 17 24 29 30 August 3 4 ",. 14 20 21 28 September 4 11 18 25 3ctobei- 2 9 16 , 23 "„ 30 November 6 13 20 27 December 4 11 18 25 £ 160,386 177,227 281,526 399,878 403,441 380,011 456,298 423,286 392 ,,976 357,189 387,694 368,980 372,073 288,351 327,748 373,618 283,906 207.906 238,984 236,255 257,662 323,081 292,513 267,699 209,383 210,301 208,228 ' 202,220 230,046 228,785 ■ 266,756 250,906 284,505 " 246,556 ' 267,083 286,715 231,458 238,383 ■ 215,978 ■ 154,788 171,729 171,840 ' & 563,172 587,780 601,582 549,675 552,489 547,482 620,304 594,950 547,304 524,114 560,262 533,070 506,256 443,245 462,785 505,366 438,478 424,079 ■ 374,838 381,274 405,802 438,380' 409.272 ' 384,688 305,820 313,278 ■342,781 281 ,,839 ' 292,271 284,183 331,299 307,821 '• 340,941 ■ 285,271 ■ ■315,092■330,687 278,776 284,062 274.273 ■ ■235,674 237,624 227,338 1887. fanuarv 1 „ " 8 15 22 " 2i) February 5 12 19 20 March 5 12 '„ 15 . 10 23 30 31 Ipril 1 8 16 23 28 29 ifay 4 14 21 28 rune 4 11 17 18 22 27 Fuly 2 9 16 23 "„ 30 tu^ust 6 13 2!) 27 September -3 10 17 24 )ctober 1 8 229,119 211,582 267,810 254,079 277,735 238,996 283,329 227,171 202,736 290,507 304,719 309,276 285,831 337,043 365,018 82,394 85,980 79,402 94,925 399,403 322,881 264,856 295,983 395,625 421,414 337,407 311,488 301,513 266,644 250,216 280,526 265,748 202,394 270,628' 287,951 221,550 172,883 193,991 250,045 229,510 182,835 1 75,548 208,223 108,536 204,651 187,629 228,318 ■293,839 300,216 344,552 326,402 347,811 326,465 305,682 310,477 361,642 ■898,907 ■401,594 410,907 388,094 ■426,570 ■435.81.5 149,832 416,064 422,044 447,944 496,534 427,273 ■307,438 415,411 517,442 535,333 • 462,199 453,931 448,958 406,005 396,892 426,295 379,181 336,905 358,908 872,302 301,161 259,712 - 302,573 347,947 333,840 284,240 283,824 340,883 301,562 317,872 304,308 300,345