SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1900 Session I, B-08

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1900. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OP THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1900. Presented to both Houses of the General Assembly in compliance ivith the 6th Section of " The Public Debts Sinking Funds Act, 1868."

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

REPOET. Government Buildings, Wellington, 13th June, 1900. 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, 1900. There does not appear to the Commissioners to be anything in the business of the year to call for particular notice or mention. J. K. Wabbueton, Chairman,

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

RECEIPTS. s. d s. ' Canterbury Loan Ordinance, 1862 " :— Contribution to Sinking Fund for year to 31 December, 1899, 1 per cent, on £16,000 Refund of income-tax, Wellington and Manawatu Railway Debentures Interest on Investments, — On £900, Borough of Thames SJ-per-cent. Debentures, one year to 1 October, 1899 „ £1,000, Immigration and Public Works Loan 4£-per-cent. Debentures, one year to 15 October, 1899 £840, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1899 „ £200, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1899 £3,440, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 .. „ £480, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1899 £700, Defence Loan 4|-per-cent. Debentures, one year to 31 December, 1899 .. „ £540, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1899 „ £300, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1899 „ £510, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1900 .. „ £40, ditto, half-year to ditto .. .. ... „ £60, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1900 .. £1,860, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1900 „ £200, Borough cf Patea 4J-per-cent. Debentures, one year to 1 March, 1900 „ £100, Government Loans to Local Bodies 3J-per-eent. Debentures, half-year to 1 March, 1900 .. „ £420, ditto, 7 November to ditto .. „ Bank balances 160 0 0 2 14 0 49 10 0 45 0 0 50 8 0 10 0 0 172 0 0 28 16 0 31 10 0 27 0 0 15 0 0 20 8 0 0 16 0 3 0 0 111 12 0 9 0 0 1 15 0 4 11 9 4 4 6 Securities realised, — 1 Dec, 1899. Waitemata County 6-per-cent. Debentures paid off 747 5 3 480 0 0 1,227 5 3 " Otago Loan Ordinance, 1862 " :— Refund of income-tax, Wellington and Manawatu Railway Debentures 74 9 8 Westport Harbour Board :— Contribution to Sinking Fund for one year to 1 March, 1900 Refund of income-tax, Wellington and Manawatu Railway Debentures Interest on Investments, — On £600, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1899 „ £1,400, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1899 „ £550, Land for Settlements 3J-per-cent. Debentures, one year to 31 October, 1899 „ £600, ditto, 31 October, 1898, to 1 March, 1899 ,., £430, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1899 , £1,800, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1899 „ £3,290, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 £220, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1899 „ £1,090, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1899 „ £700, Defence Loan 4J-percent. Debentures, one year to 31 December, 1899 £1,480, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1899 „ £4,900, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1900 „ £2,200, ditto, 7 November to ditto .. ... „ £6,550, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1900 „ £1,100, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1900 „ £210, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1900 1,500 0 0 7 8 0 27 0 0 77 0 0 19 5 0 6 19 8 25 16 0 90 0 0 164 10 0 13 4 0 54 10 0 31 10 0 74 0 0 171 10 0 24 1 0 262 0 0 55 0 0 12 12 0 Carried forward 2,616 5 3 1,301 14 11

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1900.

DISBURSEMENTS. £ s. d. £ s. a " Canterbury Loan Ordinance, 1862 " :— Investments, — 7 Nov., 1899. Government Loans to Local Bodies 3£-per-cent. De benturea 1 Dec, „ Government Loans to Local Bodies 3f-pereent. Debentures .. „ „ General Purposes Loan 5-per-cent. Debentures „ „ Waimakariri-Ashley Water-supply Board 5-per-oent. Debentures „ „ Westport Harbour Board 4-per-cent. Debentures 420 0 0 100 0 0 30 0 0 20 0 0 40 0 0 610 0 0 " Otaqo Loan Ordinance, 1862 " :— Funds released, — 2 Aug., 1899. Cash paid to Public Account 74 9 8 Westpoet Harbour Boabd :— Investments, — 7 Nov., 1899. Government Loans to Loeal"Bodies 3J-per-cent. Debentures 2,200 0 0 Carried forward 2,884 9 8

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

RECEIPTS. & s. a. & s. d. Brought forward .. •.. 2,616 5 3 1,801 14 11 Wbstpost Habboub Boaed— continued. Interest on Investments— continued. On £640, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1900 .. „ £2,400, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1900 „ £1,200, Lands Improvement Loan 4-per-eent. Debentures, one year to 31 March, 1900 „ Bank balances 32 0 0 108 0 0 48 0 0 8 18 9 Securities realised, — 31 Oct., 1899. Land for Settlements 3J-percent. Debentures paid off 1 Dec, „ Waitemata County 6-per-cent. Debentures paid off 2,813 4 0 550 0 0 220 0 0 3,583 4 0 Gbeymouth Habboue Boaed :— Contribution to Sinking Fund for one year to 1 March, 1900 Refund of income tax, Wellington and Manawatu Railway Debentures Interest on Investments, — On £840, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1899 „ £500, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1899 „ £750, Land, for Settlements 3J-per-cent. Debentures, 31 October, 1898, to 1 March, 1899 „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1899 .. .. .. „ £2,830, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 „ £1,300, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1899 „ £200, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1899 „ £980, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1899 „ £700, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1899 „ £500, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1899 .. „ £2,960, Westport Harbour 4-per-eent. Debentures, one year to 1 January, 1900 „ £3,850, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1900 „ £1,200, ditto, 7 November to ditto „ £700, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1900 „ £180, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1900 „ £520, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1900 .. .. „ £2,060, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1900 „ £800, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1900 „ Bank balances 1,000 0 0 4 18 0 46 4 0 22 10 0 8 14 0 2 8 0 141 10 0 65 0 0 12 0 0 49 0 0 35 0 0 22 10 0 118 8 0 134 15 0 13 2 5 35 0 0 10 16 0 26 0 0 92 14 0 32 0 0 7 3 10 Securities realised, — 1 Dec, 1899. Waitemata County 6-per-cent. Debentures paid off 1,879 13 3 200 0 0 2,079 13 3 Bobough of Taubanga:— Contribution to Sinking Fund for one year to 1 May, 1899 Interest on Investments, — On £260, Borough of Thames 5-J-per-cent. Debentures, one year to 1 October, 1899 „ £80, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1899 „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1899 „ £80, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 „ £70, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1899 „ £10, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1900 68 0 0 14 6 0 4 0 0 2 8 0 4 0 0 3 10 0 0 8 0 Carried forward 96 12 0 6,964 12 2

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1900.

s. s. a. Brought forward .. 2,884 9 8 Geeymouth Habboub Boabd : — Investments, — 7 Nov., 1899. Government Loans to Local Bodies 3J-per uent. Debentures / 1,200 0 0 Bobough of Taubanga:— Investments, — 7 Nov., 18'J9. Government Loans to Local Bodies 3J-per-eent. Debentures 100 0 0 4,184 9 8 Carried forward ..

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

EECEIPTS. £ s. d. £ s. d. Brought forward 96 12 0 6,964 12 2 Sobough op Taueanga— continued. Interest on Investments — continued. On £90, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1900 „ £10, Borough of Hokitika 6-per-oent. Debentures, one year to 5 January, 1900 £20, Borough of Patea Debentures, one year to 1 March, 1900 „ £90, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1900 „ £100, ditto, 7 November to ditto .. „ Bank balances 4 10 0 0 12 0 0 18 0 3 3 0 1 1 10 0 12 8 107 9 6 iOUNTY OF WAITBMATA :— Contribution to Sinking Fund for half-year to 1 June, 1899 Cash from County .. Interest on Investments, — On £50, Land for Settlements 3|-per-eent. Debentures, one year to 31 October, 1899 „ £40, Westport Harbour 4-per-cent. Debentures, half-year to 1 July, 1899 „ £30, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 .. „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1899 „ £100, County of Waitemata 6-per-cent. Debentures, one year to 1 December, 1899 „ £100, Government Loans to Local Bodies 3J-per-cent. Debentures, half-year to 1 September, 1899 .. „ Bank balances 20 0 0 591 8 8 1 15 0 0 16 0 1 10 0 10 0 6 0 0 1 15 0 0 6 9 Securities realised, — 31 Oct., 1899. Land for Settlements Loan 3J-per-cent. Debentures ,. 1 Dec, „ General Purposes Loan 5-per-cent. Debentures „ „ Government Loans to Local Bodies 3£-per-eent. Debentures Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures „ „ Westport Harbour Board 4-per-cent. Debentures „ , County of Waitemata 6-per-cent. Debentures 624 11 5 50 0 0 30 0 0 100 0 0 20 0 0 40 0 0 100 0 0 964 11 5 iOBOUGH of Bbunnee :— Contribution to Sinking Fund for one year to 9 November, 1899 Interest on Investments, — On £50, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1899 .. „ £20, Land for Settlements 3J-per-cent. Debentures, 31 October, 1898, to 1 March, 1899 „ £20, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1899 „ £40, Government Loans to Local Bodies 3|-per-eent. Debentures, one year to 1 March, 1900 „ £40, ditto, 7 November to ditto „ £20, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1899 „ £30, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1900 .. „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1900 .. .. „ £60, Borough of Patea 4J-per-cent. Debentures, one year to 1 Maroh, 1900 „ Bank balances 30 0 0 2 15 0 0 4 8 10 0 18 0 0 8 9 10 0 10 0 14 0 10 0 2 14 0 0 2 9 42 17 2 Jobough of Hokitika :— Contribution to Sinking Fund for one year to 5 January, 1900 Interest on Investments, — On £30, Land for Settlements 3J-per-cent. Debentures, 31 October, 1898, to 1 March, 1899 150 0 0 0 6 11 Carried forward 150 6 11 8,079 10 3

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1900.

DISBUKSEMENTS. & s. a. £ s. a. Brought forward 4,184 9 8 County of Waitemata :— 1 Dec, 1899. County's 6-per-eent. Debenture issued for Mairetahi Loan, paid off 1,000 0 0 4 BOEOUGH OF BbUNNEB I — Investments, — 7 Nov., 1899. Government Loans to Local Bodies 3J-per-ceat. Debentures 40 0 0 Bobough of Hokitika:— Investments, — 7 Nov., 1899. Government Loans to Local Bodies 3J-per-cent. Debentures 40 0 0 Carried forward 5,264 9 8

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

EECEIPTS. £ s. d. £ s. d. Brought forward 150 6 11 8,079 10 3 Bobough of Hokitika— continued. Interest on Investments — continued. On £150, Borough of Brunner 6-per-oent. Debentures, one year to 9 November, 1899 .. „ £320, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1900 .. „ £430, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1900 „ £40, ditto, 7 November to ditto „ £10, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1899 „ £240, Borough of Hokitika 6-per-cent. Debentures, 18 July to 5 January, 1900 „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1900 .. „ £220, Borough of Patea 4£-per-cent. Debentures, one year to 1 March, 1900 „ Bank balances 9 0 0 12 16 0 15 1 0 0 8 9 0 10 0 14 8 0 10 0 9 18 0 0 3 2 213 11 10 County of Tauranga :— Contribution to Sinking Fund for one year to 1 January, 1900 Interest on Investments, — On £50, Borough of Thames 5J-per-cent. Debentures, one year to 1 October, 1899 „ £80, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1900 .. „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1900 .. „ £40, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1900 „ £90, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1900 „ Bank balances 40 0 0 2 15 0 3 4 0 2 10 0 1 16 0 8 8 0 0 5 8 53 13 8 Balance on 31 Mabch, 1899 8,346 15 9 499 0 5 ±8,845 16 2

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1900.

Wμ. Dodd, Secretary and Accountant to the Commissioners.

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DISBURSEMENTS. £ s. d. £ s. d. Brought forward 5,264 9 8 Balance on 31 March, 1900 5,264 9 8 3,581 6 6 £8,845 16 2

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STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1900.

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Securities. When Securities are redeemable. 1 o "Canterbury Loan Ordinance, 1862." Loans in respect of which the Funds are held. Greymouth i Borough Harbour of Board. i Tauranga. Borough Borough County of of of Brunner. Hokitika. Tauranga. Totals. Westport Harbour Board, Defence and Other Purposes Loan Debentures 1 July, 1910 % ■ & s. d. 700 0 0 £ s. d. 700 0 0 £ s. d. 500 0 0 £ s. d. £ s. d. £ 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 General Purposes Loan Debentures 28 Nov., 1914 5 3;470 0 0 3,290 0 0 2,830 0 0 80 0 0 20 0 0 10 0 0 9,700 0 0 Government Loans to Local Bodies Debentures 31 Dec, 1900 34 520 0 0 7,100 0 0 5,050 0 0 190 0 0 80 0 0 470 0 0 90 0 0 13,500 0 0 Lands Improvement Loan Debentures 30 Sept., 1908 4 1,200 0 0 800 0 0 2,000 0 0 • Borough of Patea Debentures 1 Sept., 1913 4J 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 5* 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 80 0 0 20 0 0 3,400 0 0 Borougb of Brunner Debentures 9 May, 1917 6 840 0 0 430 0 0 40 0 0 40 0 0 150 0 0 1,500 0 0 Count} 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 5 320 0 0 790 0 0 500 0 0 70 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 i 550 0 0 6,550 0 0 2,960 0 0 10 0 0 30 0 0 320 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 3,000 0 0 Borough of Hokitika Loan 5 Jan., 1904 6 1,860 0 0 210 0 0 180 0 0 10 0 0 240 0 0 2,500 0 0 Cash in Bank of N.Z. 11,160 0 0 628 1 3 I 29,990 0 0 1,591 15 0 19,960 0 0 1,101 5 3 850 0 0 14 11 6 300 0 0 5 4 6 1,430 0 0 179 6 0 310 0 0 61 3 0 64,000 0 3,581 6 Totals 21,061 5 3 864 11 6 305 4 6 371 3 0 67,581 6 11,788 1 3 31,581 15 0 1,609 6 0 Wμ. Dodd, Secretary and Accountant to the Commissioners.

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1900.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1900. £ s. a. 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. Brewer, Customs Audit. Approximate Cost of Payer.—Preparation, not given; printing (1,410 copies), £8 13s. 6d. By Authority: John Mackay, Government Printer, Wellington.—l9oo. Price (id.']

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Lioans. Debentures in Circulation. Rate of Sinking Fund. When redeemable. Sinking Funds accrued. " Canterbury Loan Ordinance, 1862 " Westport Harbour Board Loan Greyrnouth Harbour Board Loan Borough of Tauranga Borough of Brunner Borough of Hokitika County of Tauranga & 16,000 150,000 100,000 3,400 1,500 2,500 2,000 Per Cent. 1 1 1 2 2 6 2 1915 and 1916 1 March, 1923 1 March, 1925 1 May, 1915 .. 9 May, 1917 .. 5 January, 1904 1 January, 1919 £ a. d. 11,788 1 3 31,581 15 0 21,061 5 3 864 11 6 305 4 6 1,609 6 0 371 8 0 £275,400 £67,581 6 6