SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1902 Session I, B-08

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1902. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1902.

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

REPORT. Government Buildings, Wellington, 17th April, 1902. 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, 1902. The proceedings and transactions of the year for which the accounts are presented were without any circumstances considered by the Commissioners as calling for special remark. J. K. WARBURTON, Chairman.

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS

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RECEIPTS. £ s. d. £ s. d. •'Cantebbuey Loan Obdinance, 1862":— Contribution to Sinking Fund for year to 31 December, 1901, 1 per cent, on £16,000 Interest on Investments, — On £1,000, Immigration and Public Works Loan 4tJ-per-cent. Debentures, one year to 15 October, 1901 „ £1,400, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 „ £260, ditto, 28 October to ditto „ £840, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1901 „ £200, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1901 „ £3,470, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1901 „ £700, Defence Loan 4jJ-per-cent. Debentures, one year to 31 December, 1901 .. „ £540, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1901 „ £320, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1901 „ £550, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1902 .. „ £60, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1902 .. .. „ £1,860, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1902 „ £200, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1902 „ £400, Government Loans to Local Bodies 3J-per-eent. Debentures, one year to 1 March, 1902 „ £1,250, |Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1902 „ Bank balances 160 0 0 45 0 0 23 15 7 0 2 4 50 8 0 10 0 0 173 10 0 31 10 0 27 0 0 10 0 0 22 0 0 3 0 0 111 12 0 9 0 0 14 0 0 43 15 0 4 11 5 745 4 4 Westpobt Haeboub Boabd :— Contribution to Sinking Fund for one year to 1 March, 1902 Interest on Investments, — On £600, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1901 „ £2,900, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 „ £1,300, ditto, 28 October to ditto .. „ £430, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1901 ,, £1,800, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1901 „ £3,290, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1901 .. „ £1,090, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1901 „ £700, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1901 .. „ £1,480, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1901 „ £1,600, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1902 „ £6,550, Westport Harbour 4-per-cent. Debentures, ono year to 1 January, 1902 „ £1,100, County of Tauranga 5-per-cent, Debentures, one year to 1 January, 1902 „ £210, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1902 1,500 0 0 27 0 0 49 5 2 0 11 5 25 16 0 90 0 0 164 10 0 54 10 0 31 10 0 74 0 0 56 0 0 262 0 0 55 0 0 12 12 0 Carried forward .. 2,402 14 7 745 4 4

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For the Year ended 31st March, 1902.

DISBURSEMENTS. £ s. d. & s. d. " CaNTEHBUBY Loan Oedinance, 1862 " :— Investments, — 30 May, 1901. Land for Settlements 4-per-cent. Debentures 28 Oct., „ Ditto 25 Mar., 1902. Ditto 1,400 0 0 260 0 0 400 0 0 i 2,060 0 0 i / Westpoet Haeboue Boabd :— Investments, — 30 May, 1901. Land for Settlements 4-per-cent. Debentures 28 Oct., „ Ditto 25 Mar., 1902. Ditto 2,9C0 0 0 1,300 0 0 1,320 0 0 5,520 0 0 Carried forward .. 7,580 0 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS

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RECEIPTS. £ s. d. £ s. d. Brought forward 2,402 14 7 745 4 4 Westpoet Haeboub Boabd — continued. Interest on Investments— continued. On £640, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1902 .. „ £2,400, Borough of Patea 4|-per-cent. Debentures, one year to 1 March, 1902 „ £8,800, Consolidated Stock 3£-per-cent. Debentures, one year to 1 March, 1902 „ £1,200, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1902 „ Bank balances 32 0 0 108 0 0 308 0 0 48 0 0 9 18 7 2.908 13 2 Gbeymouth Haeboub Boaed :— Contribution to Sinking Fund for one year to 1 March, 1902 Interest on Investments, — On £500, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1901 „ £1,900, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 „ £860, ditto, 28 October to ditto „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1901 „ £2,830, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1901 „ £1,300, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1901 „ £980, Wellington and Manawatu Railway 5-per-cent. Debentures, one year to 1 December, 1901 „ £700, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1901 „ £500, Defence Loan 4j-per-cent. Debentures, one year to 31 December, 1901 .. „ £2,960, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1902 „ £1,000, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1902 „ £700, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1902 „ £180, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1902 „ £520, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1902 .. .. „ £2,060, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1902 „ £6,250, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1902 „ £800, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1902 „ Bank balances 1,000 0 0 22 10 0 32 5 6 0 7 6 2 8 0 141 10 0 65 0 0 49 0 0 35 0 0 22 10 0 118 8 0 35 0 0 35 0 0 10 16 0 26 0 0 92 14 0 218 15 0 32 0 0 6 16 10 1,946 0 10 Boeough of Taueanga:— Contribution to Sinking Fund for one year to 1 May, 1901 Interest on Investments, — On £80, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1901 „ £400, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 68 0 0 4 0 0 6 15 11 Carried forward 78 15 11 5,599 18 4

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For the Year ended 31st March, 1902.

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DISBURSEMENTS. £ s. d. £ s. d. Brought forward 7,580 0 0 jbeymouth Haeboub Boabd:— Investments, — 30 May, 1901. Land for Settlements 4-per-cent. Debentures.. 28 Oct., „ Ditto 25 Mar., 1902. Ditto 1,900 0 0 860 0 0 1,000 0 0 3,760 0 0 3oeough of Taubanga:— Investments, — 30 May, 1901. Land for Settlements 4-per-cent. Debentures.. 28 Oct., „ Ditto 25 Mar., 1902. Ditto 400 0 0 20 0 0 20 0 0 440 0 0 Carried forward 11,780 0 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS

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RECEIPTS. £ s. d. £ s. d. Brought forward 78 15 11 5,599 18 4 3obough of Taubanga— continued. Interest on Investments— continued. On £20, Land for Settlements 4-per-cent. Debentures, 28 October to 1 November, 1901 .. „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1901 „ £80, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1901 „ £70, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1901 „ £10, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1902 .. „ £90, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1902 „ £10, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1902 „ £20, Borough of Patea Debentures, one year to 1 March, 1902 „ £290, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1902 „ Bank balances 0 0 2 2 8 0 4 0 0 3 10 0 0 8 0 4 10 0 0 12 0 0 18 0 10 3 0 0 17 11 106 3 0 B 30EOUGH of Beunnee :— Contribution to Sinking Fund for one year to 9 November, 1901 Interest on Investments, — On £90, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 „ £20, ditto, 28 Ootober to ditto „ £20, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1901 „ £20, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1901 „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1901 „ £30, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1902 .. „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1902 .. .. „ £100, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1902 „ £60, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1902 „ Bank balances 30 0 0 1 10 7 0 0 2 10 0 10 0 10 0 14 0 10 0 3 10 0 2 14 0 0 6 8 43 5 5 Soeough of Hokitika:— Contribution to Sinking Fund for one year to 5 January, 1902 Interest on Investments, — On £200, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 „ £40, ditto, 28 October to ditto „ £150, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1901 „ £320, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1902 150 0 0 3 7 11 0 0 4 9 0 0 12 16 0 Carried forward 175 4 3 5,749 6 9

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For the Year ended 31st March, 1902.

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DISBURSEMENTS. £ s. d. £ s. d. Brought forward 11,780 0 0 iOEOUGH OF BEUNNEB I — Investments, — 30 May, 1901. Laud for Settlements 4-per-cent. Debentures 28 Oct., „ Ditto 25 Mar, 1902. Ditto 90 0 0 20 0 0 20 0 0 130 0 0 Iobough of Hokitika :— Investments, — 30 May, 1901. Land for Settlements 4-per-cent. Debentures 28 Oct., „ Ditto 25 Mar., 1902. Ditto 200 0 0 40 0 0 180 0 0 420 0 0 Carried forward .. .. .. ... 12,330 0 0

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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS

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RECEIPTS. £ s. d. £ s. d. Brought forward 175 4 3 5,749 6 9 Bobough of Hokitika— continued. Interest on Investments— continued. On £10, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1901 „ £240, Borough of Hokitika 6-per-cent. Debentures, one year to 5 January, 1902 „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1902 .. .. ' , £660, Consolidated Stock 3J-per cent. Debentures, one year to 1 March, 1902 „ £220, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1902 „ Bank balances 0 10 0 14 8 0 10 0 23 2 0 9 18 0 0 11 6 224 13 9 County op Taobanga :— Contribution to Sinking Fund for one year to 1 January, 1902 Interest on Investments, — On £110, Land for Settlements 4-per-cent. Debentures, 30 May to 1 November, 1901 .. .. .. „ £80, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1902 .. „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1902 .. ' .. „ £40, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1902 „ £150, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1902 „ Bank balances 40 0 0 1 17 5 3 4 0 2 10 0 1 16 0 5 5 0 0 7 3 54 19 8 Balance on 31 Mabch, 1901 .. ... 6,029 0 2 6,777 6 2 £12,806 6 4

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For the Year ended 31st March, 1902.

Wm. Dodd, Secretary and Accountant to the Commissioners.

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DISBURSEMENTS. £ s. d. £ a- £d. Brought forward 12,330 0 0 County of Taubanga :— Investments, — 30 May, 1901. Land for Settlements 4-per-cent. Debentures 25 Mar., 1902. Ditto 110 0 0 60 0 0 170 0 0 Balance on 31 March, 1902 12,500 0 0 306 6 4 £12,806 6 4

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Wm. 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, 1902.

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CO Loans in bespect op which the Fi INDS ABE H] ,D. Securities. When Securities are redeemable. d o CO " Canterbury Loan Ordinance, 1862." Totals. Westport Harbour Board. Greymouth Harbour Board. Borough ol Tauranga. Borough of Brunner. Borough of Hokitika. County of Tauranga. 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 C Immigration and Public Works Loan Debentures 15 April, 1913 ii 1,000 0 0 600 0 0 500 0 0 2,100 0 C 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 C Government Loans to Local Bodies Debentures 1 Sept., 1907 3J 400 0 0 1,600 0 0 1,000 0 0 3,000 0 0 Consolidated Stock Debentures 31 Dec, 1907 3i 1,250 0 0 8,800 0 0 6,250 0 0 290 0 0 100 0 0 660 0 0 150 0 0 17,500 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 1 May, 1904 4 1,650 0 0 4,200 0 0 2,760 0 0 420 0 0 110 0 0 240 0 0 110 0 0 9,500 0 C Ditto 1 Feb., 1905 4 400 0 0 1,320 0 0 1,000 0 0 20 0 0 20 0 0 180 0 0 60 0 0 3,000 0 C Borough of Patea Debentures 1 Sept., 1913 4* 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 C Borough of Palmerston North Debentures 20 July, 1905 5 640 0 0 520 0 0 20 0 0 20 0 0 1,200 0 C 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 C Borough 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 C 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 C 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 C Ditto 1 June, 1906 5 300 0 0 200 0 0 500 0 C Westport Harbour Board Debentures 1 Jan., 1903 4 550 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 C Wellington and Manawatu Railway Debentures 1 June, 1908 5 540 0 0 1,480 0 0 980 0 0 3,000 0 C 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 C Cash in Bank of N.Z. 13,450 0 0 20 5 0 37,410 0 0 241 9 4 25,080 0 0 20 5 4 1130 0- 0 6 6 0 400 0 0 2 18 0 2,040 0 0 13 8 2 490 0 0 1 14 6 80,000 0 306 6 Totals 13,470 5 0 37,651 9 4 25,100 5 4 2,053 8 2 1136 6 0 r02 18 0 491 14 6 80,306 6

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1902.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1902. £ s. d. Secretary's salary .. .. .. .. .. .. .. .. .. 50 0 0 Pee to Mr. Brewer (Customs Audit) for audit of Commissioners' accounts .. .. .. ..220 £52 2 0 Wm. Dodd, Secretary and Accountant to the Commissioners. Examined and found correct. H. W. Brewer, Customs Audit.

Approximate Cost of Paper.—Preparation, not given ; printing (1,410 copies), £10 Bs. 6d.

By Authority: John Mackay, Government Printer, Wellington.—l9o2.

Price 6d ]

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Loans. Debentures in Circulation. Rate of Sinking Fund. When redeemable. Sinking Funds accrued. " Canterbury Loan Ordinance, 1862 " Westport Harbour Board Loan Greymouth 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, 1925 1 March, 1925 1 May, 1915 .. 9 May, 1917 .. 5 January, 1904 1 January, 1919 £ s. d. 13,470 5 0 37,651 9 4 25,100 5 4 1,136 6 0 402 18 0 2,053 8 2 491 14 6 £275,400 £80,306 6 4