SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1899 Session I, B-08

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1899. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1899.

Presented to both Houses of the General Assembly in compliance with the 6th Section of " The Public Debts Sinking Funds Act, 1868."

EEPOET. Government Buildings, Wellington, 10th June, 1899. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament the account of their transactions for the year which ended on the 31st March last. The only matter to which the transactions of the year indicate that any particular attention might be drawn is the maturity of all the outstanding debentures of the loan raised under " The Otago Loan Ordinance, 1862." The debentures became due on the Ist July, 1898; and, the whole of the sinking funds—amounting to £104,685 10s. Bd.—having been released and paid to the Treasury, the debentures have all been redeemed except as to £400 for which provision has been made by the Treasury. J. K. Wabbueton, Chairman.

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2

8.-8

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

RECEIPTS. £ s. a. £ s. d. "Cantebbuby Loan Obdinance, 1862":— Contribution to Sinking Fund for year to 31 December, 1898, 1 per cent, on £16,000 Interest on Investments,— On £900, Borough of Thames 5£-per-cent. Debentures, 18 July to 1 October, 1898 .. ■• ■• •• „ £1,015, Immigration and Public Works Loan 4J-per-cent. Debentures, half-year to 15 April, 1898 £1,000, ditto, half-year to 15 October, 1898 .. ", £15, ditto, 15 April to 18 July, 1898 .. ■ • • ■ „ £340, Borough of Brunner 6-per-cent. Debentures, one year to 9 .November, 1898 „ £480, ditto, 18 July to ditto .. .. •• •• „ £200, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1S98 „ £3,285, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 , £110, ditto, 18 July to ditto .. •• •■ •• „ £2,660, Consolidated Stock 4J-per-cent. Debentures, half-year to 28 May, 1898 -■ •■ ■• •• ;• „ £170, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1898 „ £310, ditto, 18 July to ditto .. •• • • _ „ £670, Defence Loan 4J-per-cent. Debentures, one year to 31 December,' 1898 ,l§30, ditto, 18 July to ditto .. .. , •— * t " „ £505, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1898, less income-tax , £270, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 .. • • • • „ £510, Westport Harbour 4-per-cent. Debentures, one year to 1 January! 1899 . • ■ •• •• ■• . , T • • „ £60, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1899 .. ■• •• _ ,•• •• ■: „ £350, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1899 „ £1,490, ditto, 18 July to ditto .. .. ■ • •• £40, Lands Improvement Loan 4-per-cent. Debentures, dl Marcn to'l8 July, 1898 „ Bank balances .. • • • • • • 160 0 0 10 3 0 22 16 9 22 IS 0 0 3 6 20 8 0 8 18 4 10 0 0 164 5 0 1 15 10 59 17 0 10 4 0 6 18 4 30 3 0 0 12 3 24 8 2 13 10 0 20 8 0 3 0 0 21 0 0 41 17 8 0 9 7 6 10 10 659 19 3 Securities realised, — .-, 28 May, 1898. Consolidated Stock 4J-per-cent. Debentures 18 July 1898. Immigration and Public Works Loan ditto Lands Improvement Loan 4-per-cent. Debentures 2,660 0 0 15 0 0 40 0 0 3,374 19 3 " Otago Loan Obdinance, 1862 " :— Interest on Investments, — On £2,200, Borough of Thames 5i-per-cent. Debentures, half-year to 1 April, 1898 £2 200, ditto, 1 April to 18 July, 1898 .. „ £4,885, Immigration and Public Works Loan 4J-per-cent. Debentures, half-year to 15 April, 1898 „ £4,885, ditto, 15 April to 18 July .. .. • • •• £2,000, Borough of Tauranga 5-per-cent. Debentures, half-year to 1 May, 1898 £2,000, ditto, 1 May to 18 July, 1898 .. .. „ £480, Borough of Brunner 6-per-cent. Debentures, half-year to "9 May, 1898 „ £480, ditto, 9 May to 18 July, 1898 .. ■• ■• £17 110, General Purposes Loan 5-per-cent. Debentures, halt-year to 15 May, 1898 , £17,110, ditto, 15 May to 18 July, 1898 .. .. ■• „ £11,190, Consolidated Stock 4J-per-cent. Debentures, half-year to £1 810 ditto, 4-per-cent. Debentures, half-year to 28 May, 1898 .. "„ £410, County of Waitemata 6-per-cent. Debentures, half-year to 1 June, 1898 ■ • • • . £410, ditto, 1 June to 18 July, 1898 .. • • • • „ £700, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, half-year to 1 June, 1898 ., , £700, ditto, 1 June to 18 July, 1898 .. ■ • £17,000, Wellington and Manawatu Railway 5-per-cent. Debentures; half-year to 1 June, 1898, less income-tax .. .. „ £17,000, ditto, 1 June to 18 July, 1898 ■ ■ •■ • • „ £15,030, Defence Loan 4J-per-cent. Debentures, half-year to dO June, 1898 £15,030, ditto, 30 June to 18 July, 1898 .. .. . • „ £3,300, City of Dunedin Mortgage, at 7 per cent., half-year to 1 July, 1898 60 10 0 35 14 0 109 18 3 56 12 3 50 0 0 21 3 10 14 8 0 5 9 8 427 15 0 150 0 0 251 15 6 36 4 0 12 6 0 3 3 2 17 10 0 4 9 10 410 16 8 105 16 0 338 3 6 33 7 0 115 10 0 Carried forward 2,260 12 8 3,374 19 3

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1899.

'ISBURSEMEN' s. s. " Cantebbuey Loan Obdinance, 1862 " :— Investments, — 18 July, 1898. Defence and Other Purposes Loan 4J-per-eent. Debentures General Purposes Loan 5-per-cent. Debentures Borough of Thames 5J-per-cent. Debentures „ „ Borough of Brunner 6-per-cent. Debentures „ Borough of Hokitika 6-per-cent. Debentures County of Waitemata 6-per-cent. Debentures 1 Feb., 1899. General Purposes Loan 5-per-cent. Debentures „ „ Borough of Brunner 6-per-cent. Debentures Borough of Hokitika 6-per-cent. Debentures „ „ Waimakariri-Ashley Water-supply Board 5-per-oent. Debentures „ „ Wellington and Manawatu Railway 5-per-cent. Debentures Interest accrued thereon 1 Mar., „ Borough of Patea 4J-per-cent. Debentures .. 30 0 0 110 0 0 900 0 0 480 0 0 1,490 0 0 310 0 0 45 0 0 20 0 0 20 0 0 30 0 0 3,671 8 2 35 0 0 18 2 200 0 0 • " Otaqo Loan Obdinance, 1862": — Investments, — 28 May, 1898. Consolidated Stock 4£-per-cent. Debentures „ „ Consolidated Stock 4-per-cent. Debentures 18 July, 1898. Immigration and Public Works Loan 4J-per cent. Debentures „ „ Lands Improvement Loan 4-per-cent. Debentures 1 Sept., 1898. Borough of Patea 4J-percent. Debentures .. 1 Mar., 1899. Land for Settlements Loan 3J-per-cent. Debentures .. Funds released, — 28 May, 1898. Seourities and cash handed to Treasury— £ s. d. Consolidated Stock Debentures .. .. .. 19,400 0 0 Consolidated Stock 4-per-cent. Debentures .. .. .. 6,500 0 0 18 July, 1898. Defence and Other Purposes Loan 4J-per-cent. Debentures .. .. 15,000 0 0 Immigration and Public Works Loan 4£-per-cent. Debentures .. .. 4,900 0 0 General Purposes Loan 5-per-cent. Debentures .. .. .. 17,000 0 0 „ „ Government Loans to Local Bodies Loan 3J-per-cent. Debentures .. 5,000 0 0 Lands Improvement Loan 4-per-cent. Debentures ,... .. .. 2,000 0 0 Wellington and Manawatu Railway 5-per-cent. Debentures .. .. 17,000 0 0 „ • „ Westport Harbour Board 4-per-cent. Debentures .. .. .. 300 0 0 Payment to Public Account .. 11,200 0 0 1 Mar., 1899. Land for Settlements Loan 3J-per-cent. Debentures handed to Treasury .. 1,400 0 0 „ Payment to Public Account .. 4,985 10 8 8,210 0 0 4,690 0 0 15 0 0 150 0 0 5,000 0 0 1,400 0 0 104,685 10 8 124,150 10 8 Carried forward 127,821 18 10

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

s. s. Brought forward " Otago Loan Obdinance, 1862 " — continued. Interest on Investments— continued. On £7,140, Westport Harbour Board 4-per-oent. Debentures, half-year to 1 July, 1898 „ £7,140, ditto, 1 July to 18 July, 1898 „ £1,260, County of Tauranga 5-per-cent. Debentures, 1 January to 18 July, 1898 „ £1,730, Borough of Hokitika 6-per-cent. Debentures, 5 January to 18 July, 1898 „ £1,100, Borough of Palmerston North 5-per-cent. Debentures, halfyear to 20 July, 1898 „ £5,000, Borough of Patea 5-per-cent. Debentures, 1 February to 1 September, 1898 ■ „ £5,000, ditto, 4J-per-cent. Debentures, half-year to 1 March, 1899 .. „ £5,030, Government Loans to Local Bodies 3J-per-cent. Debentures, 1 March to 18 July, 1898 „ £1,850, Lands Improvement Loan 4-per-cent. Debentures, 31 March to 18 July, 1898 2,260 12 8 3,374 19 3 142 16 0 13 4 0 34 3 6 55 3 5 27 10 0 146 4 8 112 10 0 67 0 10 22 2 0 Securities realised, — 4 July, 1898. Dunedin Mortgage 7-per-cent. Debentures 18 July, „ Defence and Other Purposes Loan 4J-per-cent. Debentures General Purposes Loan 5-per-cent. Debentures Government Loans to Local Bodies Loan 3J-per-cent. Debentures .. .. ■ .. Borough of Palmerston North 5-per-cent. Debentures .. Borough of Thames 5£-per-cent. Debentures „ „ Borough of Tauranga 5-per-cent. Debentures „ Borough of Brunner 6-per-cent. Debentures County of Waitemata 6-per-cenfc. Debentures „ „ County of Tauranga 5-per-cent. Debentures „ Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures Westport Harbour Board 4-per-cent. Debentures „ „ Borough of Hokitika 6-per-cent. Debentures 1 Sept., „ Borough of Patea 5-per-cent. Debentures 1 Mar., 1899. Borough of Patea 4J-per-cent. Debentures .. Transferred from Investment Account, — 28 May, 1898. New Zealand Government Debentures 18 July, „ New Zealand Government Debentures „ „ Wellington and Manawatu Eailway Debentures „ „ Westport Harbour Board Debentures 1 Ma,r., 1899. New Zealand Government Debentures 2,881 7 1 3,300 0 0 30 0 0 110 0 0 30 0 0 1,100 0 0 2,200 0 0 2,000 0 0 480 0 0 410 0 0 1,260 0 0 700 0 0 6,840 0 0 1,730 0 0 5,000 0 0 5,000 0 0 25,900 0 0 43,900 0 0 17,000 0 0 300 0 0 1,400 0 0 121,571 7 1 Waitaba Haeboub Boaed :— Interest on Investments, — On £20, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1898 „ £20, ditto, 9 November, 1898, to 1 February, 1899 „ £45, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 .. „ £45, ditto, 15 November, 1898, to 1 February, 1899 „ £150, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £150, ditto, 1 January to 1 February, 1899 .. „ £35, Wellington and Manawatu Bailway 5-per : cent. Debentures, one year to 1 December, 1898, less income-tax „ £35, ditto, 1 December to 1 February, 1899 .. „ £30, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 „ £30, ditto, 1 December to 1 February, 1899 .. „ £70, Government Loans to Local Bodies 3J-per-cent. Debentures, half-year to 1 September, 1898 .. „ £30, ditto, 18 July to 1 September, 1898 „ £100, ditto, 1 September, 1898, to 1 February, 1899 „ £20, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1899 „ £20, ditto, 5 January to 1 February, 1899 „ £10, Lands Improvement Loan 4-per-eent. Debentures, 31 March to 18 July, 1898 .. .. .. ... „ Bank balances 14 0 0 5 8 2 5 0 0 9 10 6 0 0 0 10 8 1 13 10 0 5 9 1 10 0 0 5 2 14 6 0 2 6 19 8 14 0 0 19 0 2 4 0 2 2 Securities realised, — 18 July, 1898. Lands Improvement Loan 4-per-cent. Dβ- £ s. d. bentures .. .. .. 10 0 0 1 Feb., 1899. General Purposes Loan 5-per-cent. Debentures .. .. .. .. 45 0 0 18 16 10 Carried forward .. .. .. 55 0 0 18 16 10 124,946 6 4

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1899.

dis: s. s. Brought forward .. 127,821 18 10 Hakboub Board :— Investments, — 18 July, 1898. Government Loans to Local Bodies 3J-per-oent. Debentures Funds applied to repayment of Board's Debentures, — 1 Feb., 1899. In part of Debentures for £6,000, due 1 Feb., 1899 536 7 0 30 0 0 506 7 0 Carried forward 128 358

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

RECEIPTS. £ s. a. £ s. d. Brought forward .. .. .. £55 0 0 18 16 10 124,946 6 4 Vaitaba Haeeoub Boaed — continued. Securities realised— continued. 1 Feb., 1899. Government Loans to Local Bodies 3J-per-cent. Debentures .. .. .. 100 0 0 Borough of Brunner 6-per-cent. Debentures 20 0 0 Borough of Hokitika 6-per-cent. Debentures 20 0 0 Waimakariri-Ashley Water-supply Board 5-per-eent. Debentures .. .. 30 0 0 „ Wellington and Manawatu Railway 5-per-cent. Debentures .. .. .. 35 0 0 Waitara Harbour Board 6-per-cent. Debentures .. .. .. .. 90 0 0 Westport Harbour Board 5-per-cent. Debentures .. .. .. .. 150 0 0 500 0 0 518 16 10 Vbstpoet Haeboub Boaed :— Contribution to Sinking Fund for one year to 1 March, 1899 Interest on Investments, — On £600, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1898 „ £800, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1898 „ £600, ditto, 18 July to ditto „ £1,150, Land for Settlements 3J-per-cent. Debentures, one year to 31 October, 1898 £430, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1898 , £400, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1898 „ £1,400, ditto, 18 July to ditto „ £3,680, Consolidated Stock 4J-per-cent. Debentures, half-year to 28 May, 1898 £3,360, Consolidated Stock 4-per-cent. Debentures, half-year to 28 May, 1898 „ £3,290, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 „ £220, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1898 „ £630, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 „ £460, ditto, 18 July to ditto „ £700, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1898 £1,480, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1898, less income-tax £4,800, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1899 „ £100, ditto, 1 February to ditto „ £1,620, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 „ £4,780, ditto, 18 July to ditto £210, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1899 „ £890, ditto, 18 July to ditto £210, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1899 „ £40, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1899 .. .. .. • • „ £600, ditto, half-year to ditto „ £1,200, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1899 „ £30, ditto, 31 March to 18 July, 1898 „ Bank balances 1,500 0 0 27 0 0 44 0 0 6 15 3 40 5 0 25 16 0 20 0 0 20 3 2 82 16 0 67 4 0 164 10 0 13 4 0 31 10 0 8 11 0 31 10 0 71 10 8 168 0 0 0 5 4 64 16 0 86 15 .4 10 10 0 20 7 3 12 12 0 2 0 0 15 0 0 48 0 0 0 7 2 28 2 9 Securities realised, — 28 May, 1898. Consolidated Stock 4J-per-cent. Debentures Consolidated Stock 4-per-cent. Debentures 18 July, „ Lands Improvement Loan 4-per-oent. Debentures 1 Mar., 1899. Land for Settlements Loan 3J-per-oent. Debentures .. 2,611 10 11 3,680 0 0 3,360 0 0 30 0 0 600 0 0 10,281 10 11 Sbeymouth Haeboue Boabd :— Contribution to Sinking Fund for one year to 1 March, 1899 Interest on Investments, — On £500, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1898 .. „ £340, ditto, 18 July to ditto „ £500, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1898 „ £750, Land for Settlements 3£-per-cent. Debentures, one year to 31 October, 1898 1,000 0 0 27 10 0 3 16 8 22 10 0 26 5 0 Carried forward .. .. 1,080 1 8 135,746 14 1

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1899.

DISBURSEMENTS. £ s. d. £ s. d Brought forward .. 128,358 5 10 Westport Hareoub BoAbd :— Investments, — 18 July, 1898. Borough of Palmerston North 5-per-cent. Debentures .. „ „ Borough of Thames 5J-per-cent. Debentures Borough of Tauranga 5-per-cent. Debentures „ „ County of Tauranga 5-per-cent. Debentures „ „ Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures „ Westport Harbour Board 4-per-cent. Debentures 1 Feb., 1899. Westport Harbour Board 4-per-cent. Debentures Interest accrued thereon Government Loans to Local Bodies 3J-per-cent. Debentures 1 Mar., „ Borough of Patea 4J-per-cent. Debentures 600 0 0 600 0 0 1,400 0 0 890 0 0 460 0 0 4,780 0 0 150 0 0 0 10 8 100 0 0 2,400 0 0 11,380 10 Greymohth Harbour Board : — Investments, — 18 July, 1898. Palmerston North Borough 5-per-oent. Debontures Thames Borough 5J-per-cent. Debentures Tauranga Borough 5-per-cent. Debentures .. „ County of Tauranga 5-per-cent. Debentures „ „ Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures „ Westport Harbour Board 4-per-cent. Debentures 1 Mar., 1899. Borough of Patea 4J-per-cent. Debentures 500 0 0 340 0 0 600 0 0 370 0 0 240 0 0 2,060 0 0 2,060 0 0 6,170 0 Carried forward .. .. .. .. 145,908 16 6

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8

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

RECEIPTS. £ s. a. £ s. a. Brought forward 1,080 1 8 135,746 14 1 Gbeymouth Habboub Boaed— continued. Interest on Investments — continued. On £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1898 „ £2,830, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 „ £700, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1898 „ £600, ditto, 18 July to ditto „ £1,620, Consolidated Stock 4J-per-cent. Debentures, half-year to 28 May, 1898 .. .. „ £1,330, Consolidated Stock 4-per-cent. Debentures, half-year to 28 May, 1898 „ £200, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1898 „ £980, Wellington and Manawatu Railway 5-per-6ent. Debentures, one year to 1 December, 1898, less income-tax „ £460, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 „ £240, ditto, 18 July to ditto „ £500, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1898 .. „ £900, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £2,060, ditto, 18 July to ditto „ £3,850, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1899 „ £330, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1899 „ £370, ditto, 18 July to ditto „ £180, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1899 „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1899 .. „ £500, ditto, 18 July to ditto „ £800, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1899 „ £60, ditto, 31 March to 18 July, 1898 „ Bank balances 2 8 0 141 10 0 35 0 0 8 13 0 36 9 0 26 12 0 12 0 0 47 7 4 23 0 0 4 9 2 22 10 0 36 0 0 37 7 10 134 15 0 16 10 0 8 9 3 10 16 0 10 0 12 10 0 32 0 0 • 0 14 4 15 13 11 Securities realised, — 28 May, 1898. Consolidated Stock 4£-per-cenfc. Debentures „ „ Consolidated Stock 4-per-cent. Debentures 18 July, „ Lands Improvement Loan 4-per-cent. Debentures 1 Mar., 1899. Land for Settlements Loan 3i-per-oent. Debentures .. 1,745 16 6 1,620 0 0 1,330 0 0 60 0 0 750 0 0 5,505 16 6 Bobough of Taueanga:— Contribution to Sinking Fund for one year to 1 May, 1898 Interest on Investments, — On £260, Borough of Thames 5£-per-eent. Debentures, 18 July to 1 October, 1898 „ £80, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1898 „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1898 „ £160, Consolidated Stock 4J-per-cent. Debentures, half-year to 28 May, 1898 „ £80, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 .. „ £70, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 „ £10, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £90, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1899 „ £10, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1899 „ £90, Government Loans to Local- Bodies 3£-per-cent. Debentures, one year to 1 March, 1899 „ £10, Lands Improvement Loan"4-per-cent. Debentures, 31 March to 18 July, 1898 .. .. .. .. - „ Bank balances 68 0 0 2 IS 7 4 0 0 2 8 0 8 12 0 4 0 0 3 10 0 0 8 0 4 10 0 0 12 0 3 3 0 0 2 4 0 14 2 97 18 1 Securities realised, — 28 May, 1898. Consolidated Stock 4J-per-cent. Debentures matured .. 18 July, „ Lands Improvement Loan 4-per-cent. Debentures 160 0 0 10 0 0 267 18 1 Carried forward 141,520 8 8

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1899.

2—B. 8.

DISBURSEMENTS. s. s. 141,520 8 8 Brought forward ioRouGH op Taubanga:— Investments, — 18 July, 1898. Borough of Thames 5|-per-oent. Debentures 1 Mar., 1899. Borough of Patea 4J-per-cent. Debentures .. 260 0 0 20 0 0 280 >J0 0 Carried forward 146,188 16 6

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10

ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended

KKCE1PTS. £ s. d. £ s. d. Brought forward .. .. 141,520 8 8 County op Waitemata:— Contribution to Sinking Fund for one year to 1 December, 1898 Interest on Investments, — On £50, Land for Settlements 3j-per-cent. Debentures, one year to 31 October, 1898 „ £30, Consolidated Stock 4J-per-cent. Debentures, half-year to 28 May, 1898 „ £40, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £30, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 .. „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 „ £100, County of Waitemata 6-per-cent. Debentures, 18 July to 1 December, 1898 „ £100, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1899 „ Bank balances 40 0 0 1 15 0 0 13 6 1 12 0 1 10 0 10 0 2 4 6 3 10 0 0 10 8 Securities realised, — 28 May, 1898. Consolidated Stock 4J-per-cent. Debentures matured .. 52 15 8 30 0 0 82 15 8 Bobough op Bbunnee :— Contribution to Sinking Fund for one year to 9 November, 1898 Interest on Investments, — On £50, Borough of Thames 5J-per-cent. Debentures, 18 July to 1 October, 1898 .. „ £20, Land for Settlements 3J-per-cent. Debentures, one year to 31 October, 1898 „ £20, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1898 „ £30, Consolidated Stock 4J-per-cent. Debentures, half-year to 28 May, 1898 „ £40, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1899 .. .. .. „ £20, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1898 ,, £30, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1899 .. „ Bank balances 30 0 0 0 11 3 0 14 0 10 0 0 13 6 18 0 10 0 10 0 14 0 10 0 0 6 1 Securities realised, — 28 May, 1898. Consolidated Stock 4J-per-cent. Debentures matured .. 1 Mar., 1899. Land for Settlements 3J-per-cent. Debentures 38 16 10 30 0 0 20 0 0 88 16 10 Bobough of Hokitika :— Contribution to Sinking Fund for one year to 5 January, 1899 Interest on Investments, — On £30, Land for Settlements 3J-per-cent. Debentures, one year to 31 October, 1898 „ £30, Consolidated Stock 4J - per - cent. Debentures, half-year to 28 May, 1898.. „ £150, Borough of Brunner 6-per-cent. Debentures, one vear to 9 November, 1898 „ £320, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £430, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1899 „ £10, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1898 „ £240, Borough of Hokitika 6-per-cent. Debentures, 18 July to 5 January, 1899 „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1899 .. „ Bank balances 150 0 0 110 0 13 6 9 0 0 12 16 0 15 1 0 0 10 0 6 14 11 10 0 117 Securities realised, — 28 May, 1898. Consolidated Stock 4J-per-cent. Debentures matured .. 1 Mar., 1&99. Land for Settlements 3J-per-cent. Debentures 197 18 0 30 0 0 30 0 0 County of Taubanga :— Contribution to Sinking Fund for one year to 1 January, 1899 Interest on Investments, — On £50, Borouph of Thames 5J-per-cent. Debentures, 18 July to 1 October, 1898 „ £80, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1899 .. „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1899 .. .. „ £90, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1899 „ Bank balances 257 18 0 40 0 0 0 11 3 3 4 0 2 10 0 3 3 0 0 6 8 49 14 11 Balance on 31 Mabch, 1898 141,999 14 1 5,448 2 10 £147,447 16 11

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1899.

Wμ. Dodd, Secretary and Accountant to the Commissioners.

DIS BUESEMENTS. £ s. a. a s. d. Brought forward .. .. .. ... 146,188 16 6 'jOUNty of Waitemata :— Investments, — 18 July, 1898. Waitemata County 6-per-eent. Debentures 100 0 0 1 Bokough of Brunner: — Investments, — 18 July, 1898. Borough of Thames 5J-per-oent. Debentures 1 Mar., 1899. Borough of Patea 4J-per-cent. Debentures .. 50 0 0 60 0 0 110 0 0 Borough of Hokitika :— Investments, — 18 July, 1898. Borough of Hokitika 6-per-cent. Debentures 1 Mar., 1899. Borough of Patea 4J-per-oent. Debentures .. 240 0 0 220 0 0 460 0 0 County of Taubanga :— Investments — 18 July, 1898. Borough of Thames 5J-per-cent. Debentures , 1 Mar., 1899. Borough of Patea 4J-per cent. Debentures .. 50 0 0 40 0 0 90 0 0 146,948 16 6 Balance on 31 March, 1899 499 0 5 £147,447 16 11

B.—B.

Wμ. Dodd, Secretary and Accountant to the Commissioners.

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1899.

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? Loans in eespect of which the Sinking Funds aee held. Seoubities. When Securities are redeemable. 5 "Canterbury Loan Ordinance, 1862." County of Waitemata. Totals. Westport Harbour Board. Greymouth Harbour Board. Borough of Tauranga. Borough of Brunner. Borough of Hokitika. County of Tauranga. Defence and Other Purposes Loan Debentures 1 July, 1910 % £ s. d. 700 0 0 i £ s. d. 700 0 0 £ a. d. 500 0 0 £ s. d. £ s. a. £ s. a. £ s. d. £ s. d. £ s. d. 1,900 0 0 Immigration and Public Works Loan Debentures 15 April, 1913 ii 1,000 0 0 600 0 0 500 0 0 2,100 0 0 Ueneral Purposes Loan Debentures 28 Nov., 1914 5 3,440 0 0 3,290 0 0 2,830 0 0 80 0 0 20 0 0 10 0 0 30 0 0 9,700 0 0 Government Loans to Local Bodies Debentures 31 Dec, 1900 3J 4,900 0 0 3,850 0 0 90 0 0 40 0 0 430 0 0 100 0 0 90 0 0 9,500 0 0 Lands Improvement Loan Debentures 30 Sept., 1908 4 _ 1,200 0 0 800 0 0 2,000 0 0 Land for Settlements Loan Debentures 31 Oct., 1899 3J 550 0 0 50 0 0 600 0 0 Borough of Patea Debentures 1 Sept., 1913 H 200 0 0 2,400 0 0 2,060 0 0 20 0 0 60 0 0 220 0 0 40 0 0 5,000 0 0 Borough of Palmerston North Debentures 20 July, 1905 5 640 0 0 520 0 0 20 0 0 20 0 0 1,200 0 0 Borough of Thames Debentures 1 Oct., 1917 54 900 0 0 1,400 0 0 840 0 0 260 0 0 50 0 0 50 0 0 3,500 0 0 Borough of Tauranga Debentures 1 May, 1915 5 200 0 0 1,800 0 0 1,300 0 0 j 80 0 0 20 0 0 3,400 0 0 Borough of Brunner Debentures 9 May, 1917 6 840 0 0 430 0 0 40 0 0 40 0 0 150 0 01 1,500 0 0 County of Waitemata Debentures ■■ 1 Dec, 1907 6 480 0 0 220 0 0 200 0 0 " 100 0 0 1,000 0 0 County of Tauranga Debentures 1 Jan., 1919 5 60 0 0 1,100 0 0 700 0 0 90 0 0 50 0 0 2,000 0 0 Waimakariri-Ashley Water-supply Board Debentures 1 June, 1905 5 300 0 0 790 0 0 500 0 0 70 0 0 20 0 0 20 0 0 1,700 0 0 Ditto .. ,. 1 June, 1906 5 300 0 0 200 0 0 500 0 0 Westport Harbour Board Debentures 1 Jan., 1903 4 510 0 0 6,550 0 0 2,960 0 0 10 0 0 30 0 0 320 0 0 40 0 0 80 0 0 10,500 0 0 Wellington and Manawatu Railway Debentures 1 June, 1905 5 540' 0 0 1,480 0 0 980 0 0 " I 3,000 0 0 Borough of Hokitika Loan " i 5 Jan., 1904 6 1,860 0 0 210 0 0 180 o o; 10 0 0 240 0 0 2,500 0 0 Cash in Bank of N.Z. j 11,030 0 0 10 16 0 28,560 0 0 208 11 0 18,960 0 0 221 12 0 750 0 0 7 2 0 260 0 0 2 7 4] 1,390 0 0 5 14 2 340 0 0 35 8 7 310 0 0 7 9 4 61,600 0 0 499 0 5 Totals 11,040 16 0 317 9 4 62,099 0 5 28,768 11 0 19,181 12 0 757 2 0 262 7 4[ 1,395 14 2 375 8 7

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1899.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1899. £ s. d. Secretary's salary .. .. .. .. .. .. .. .. .. 50 0 0 Pee to Mr. Brewer (Customs Audit) for audit of Commissioners' accounts .. .. .. ..220 £52 2 0 Wμ. Dodd, Secretary and Accountant to the Commissioners. Examined and found correct. H. W. Bkeweb, Customs Audit. Approximate Cost of Paper. — Preparation, not given ; printing (1,410 copies), £9 jig.

By Authority : John Mackay, Government Printer, Wellington.—lB99. Price 6d.]

3—B. 8.

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-Loans. Debentures in Circulation. Kate of Sinking Fund. When redeemable. Sinking Funds, accrued " Canterbury Loan Ordinance, 1862 " Westport Harbour Board Loan Greymouth Harbour Board Loan Borough of Tauranga County of Waitemata Borough of Brunner Borough of Hokitika I County of Tauranga £ 16,000 150,000 100,000 3,400 1,000 1,500 2,500 2,000 Per cent. 1 1 1 2 4 2 6 2 1915 and 1916 1 March, 1925 : 1 March, 1925 1 May, 1915 .. 1 December, 1907 9 May, 1917 .. ! 5 January, 1904 1 January, 1919 £ s. d. 11,040 16 0 28,768 11 0 19,181 12 0 757 2 0 375 8 7 262 7 4 1,395 14 2 317 9 4 £276,400 £62,099 0 5