SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1904 Session I, B-08

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1904. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OP THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1904.

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

REPOET.

Government Buildings, Wellington, 2nd July, 1904. 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, 1904. It does not appear to the Commissioners that there is anything in the transactions of the year to call for especial mention, or for further explanation than a reference to the account itself will satisfactorily afford. J. K. WAEBUBTON, Chairman.

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

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EECEIPTS. £ s. d. £ s. d. 'Canterbuby Loan Obdinance, 1862": — Contribution to Sinking Fund for year to 31 December, 1903 Interest on Investments, — On £1,000, Immigration and Public Works Loan 4£-per-cent. Debentures, one year to 15 October, 1903 „ £1,660, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 „ £400, ditto, one year to 1 February, 1904 „ £330, ditto, one year to 1 December, 1903 . £450, ditto, 27 March to 1 February, 1904 „ £375, ditto, 5 September to 1 February „ £840, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1903 „ £200, Borough of Tauranga 5-per-oent. Debentures, one year to 1 November, 1903 „ £3,470, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1903 „ £700, Defence Loan 4J-per-oent. Debentures, one year to 31 December, 1903 .. „ £540, Wellington and Manawatu Eailway 5-per-cent. Debentures, eighteen months to 1 December, 1903 „ £320, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1903 „ £550, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 .. „ £60, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1904 .. „ Hokitika Borough Sinking Fund investments „ £200, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1904 „ £400, Government Loans to Local Bodies 3J-per-oent. Debentures, one year to 1 March, 1904 „ £1,250, Consolidated Stook 3J-per-oent. Debentures, one year to 1 March, 1904 „ Bank balances 156 0 0 45 0 0 66 8 0 16 0 0 13 4 0 15 5 3 6 2 6 50 8 0 10 0 0 173 10 0 31 10 0 40 10 0 16 0 0 22 0 0 3 0 0 5 4 2 9 0 0 14 0 0 43 15 0 0 14 ,2 737 11 1 Westport Harbour Board :— Contribution to Sinking Fund for one year to 1 March, 1904 Interest on Investments, — On £600, Immigration and Public Works Loan 4£-per-eent. Debentures, one year to 15 October, 1903 „ £4,200, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 „ £1,320, ditto, one year to 1 February, 1904 .. „ £1,600, ditto, one year to 1 December, 1903 „ £1,620, ditto, 27 March to 1 February, 1904 .. „ £1,500, ditto, 5 September to 1 February, 1904 „ £430, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1903 v £1,800, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1903 „ £3,290, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1903 .. „ £1,090, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1903 „ £700, Defence Loan 4J-per-cent. Debentures, one year to 31 December, 1903 .. „ £1,480, Wellington and Manawatu Eailway Company 5-per-cent. Debentures, eighteen months to 1 December, 1903 „ £1,600, Government Loftns to Local Bodies 3J-percent. Debentures, one year to 1 March, 1904 „ £6,550, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 „ £1,100, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1904 1,500 0 0 27 0 0 168 0 0 52 16 0 64 0 0 54 18 11 24 10 0 25 16 0 90 0 0 164 10 0 54 10 0 31 10 0 111 0 0 56 0 0 262 0 0 55 0 0 Carried forward .. 2,741 10 11 737 11 1

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1904.

£ s. d. £ s. d. J " Canterbury Loan Ordinance, 1862 " :— Investments, — 5 Sept., 1903. Land for Settlements 4-per-cent. Debentures 22 Mar., 1904. Aid to Public Works and Land Settlement 4-percent. Debentures 330 0 0 375 0 0 705 0 0 'estport Harbour Board :— Investments,— 5 Sept., 1903. Land for Settlements 4-per-cent. Debentures 22 Mar., 1904. Aid to Public Works and Land Settlement 4-per-cent. Debentures 1,550 0 0 1,500 0 0 3,050 0 0 t Carried forward .. 3,755 0 0

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

RECEIPTS. £ s. s. Brought forward .. .. .. .. .. 2,741 10 11 737 11 1 Wbstpokt Harbour Board — continued. Interest on Investments— continued. On £640, Borough of Palmerston North 5-per-oent. Debentures, one year to 20 January, 1904 .. » £2,400, Borough of Patea Debentures, one year to 1 March, 1904 „ £8,800, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1904 „ £1,200, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1904 „ Borough of Hokitika Sinking Fund inves ments .. .. „ Bank balances 32 0 0 108 0 0 308 0 0 48 0 0 0 11 3 3 1 10 3,241 4 0 Greymouth Harboub Board :— Contribution to Sinking Fund for one year to 1 March, 1904 Interest on Investments, —■ On £500, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1903 „ £2,760, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 „ £1,000, ditto, one year to 1 February, 1904 .. „ £930, ditto, one year to 1 Deoember, 1903 » £1,100, ditto, 27 March to 1 February, 1904 .. „ £1,000 ditto, 5 September to 1 February, 1904 „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1903 „ £2,830, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1903 „ £1,300, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1903 „ £980, Wellington and Manawatu Railway 5-per-cent. Debentures, eighteen months to 1 December, 1903 „ £700, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1903 „ £500, Defence Loan 4£-per-cent. Debentures, one year to 31 December, 1903 .. „ £2,960, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 „ £1,000, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1904 „ £700, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1904 , £520, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1904 .. .. ' „ £2,060, Borough of Patea 4£-per-cent. Debentures, one year to 1 March, 1904 » £6,250, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1904 .. „ £800, Lands Improvement Loan 4-per-cent. Debentures, one year to 31 March, 1904 .. .. .. „ Borough of Hokitika Sinking Fund investments „ Bank balances 1,000 0 0 22 10 0 110 8 0 40 0 0 37 4 0 37 6 3 16 7 0 2 8 0 141 10 0 65 0 0 73 10 0 35 0 0 22 10 0 118 8 0 35 0 0 35 0 0 26 0 0 92 14 0 218 15 0 32 0 0 0 9 6 2 0 6 2,164 0 3 Borough of Tauranga:— Contribution to Sinking Fund for one year to 1 May, 1903 Interest on Investments, — On £80, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1903 „ £420, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 68 0 0 4 0 0 16 16 0 Carried forward 88 16 0 6,112 IS i

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1904.

DISBURSEMENTS. £ s. d. £ s. d. Brought forwara .. 3,755 0 0 Gbeymouth Haebour Board: — Investments, — 5 Sept., 1903. Land for Settlements 4-per-cent. Debentures 22 Mar., 1904. Aid to Public Works and Land Settlement 4-per-oent. Debentures 1,020 0 0 1,000 0 0 2,020 0 0 Borough of Tauranga:— Investments, — 5 Sept., 1903. Land for Settlements 4-per-cent. Debentures 22 Mar., 1904. Aid to Publio Works and Land Settlement 4-per-oent. Debentures 30 0 0 90 0 0 120 0 0 Carried forward 5,895 0 0

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

s. s. Brought forward 88 16 0 6,142 15 4 Iokough op Taubanga— continued. Interest on Investments — continued. On £20, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1904 .. „ £90, ditto, one year to 1 December, 1903 „ £30, ditto, 27 March to 1 February, 1904 „ £90, ditto, 5 September to 1 February, 1904 .. „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1903 „ £80, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1903 „ £70, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1903 „ £10, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 .. „ £90, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1904 „ £20, Borough of Patea 4|-per-cent. Debentures, one year to 1 March, 1904 „ £290, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1904 , Borough of Hokitika Sinking Fund investments „ Bank balances 0 16 0 3 12 0 10 4 1 10 0 2 8 0 4 0 0 3 10 0 0 8 0 4 10 0 0 18 0 10 3 0 0 0 6 0 2 4 121 14 2 • Iorough of Beunnek :— Contribution to Sinking Fund for one year to 9 November, 1903 Interest on Investments, — On £110, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 „ £20, ditto, one year to 1 February, 1904 , £20, ditto, one year to 1 December, ] 903 „ £25, ditto, 27 March to 1 February, 1904 „ £25, ditto, 5 September to 1 February, 1904 .. „ £20, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1903 „ £20, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1903 „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1903 „ £30, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 .. „ £20, Borough of Palmerston North 5-per-cent. Debentures, one year to 20 January, 1904 .. „ £100, Consolidated Stock 3J-per cent. Debentures, one year to 1 March, 1904 „ £60, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1904 „ Bank balances > 30 0 0 4 8 0 0 16 0 0 16 0 0 17 0 0 7 3 10 0 10 0 10 0 14 0 10 0 3 10 0 2 14 0 0 12 48 13 5 Iorough of Hokitika :— Interest on Investments, — On £240, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 „ £180, ditto, 1 April to 5 January, 1904 „ £30, ditto, one year to 1 December, 1903 , £215, ditto, 27 March to 5 January, 1904 „ £150, Borough of Brunner 6-per-cent. Debentures, one vear to 9 November, 1903 „ £320, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 0 9 12 0 6 13 4 14 0 6 13 1 9 0 0 12 16 0 Carried forward 45 18 5 6,313 2 11

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1904.

s. s. Brought forward 5,895 0 0 Bobough of Brunnbr :— Investments, — 5 Sept., 1903. Land for Settlements 4-per-cent. Debentures 22 Mar., 1904. Aid to Public Works and Land Settlement 4-per-cent. Debentures 25 0 0 25 0 0 50 0 0 Carried forward .. 5,945 0 0

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

RECEIPTS. £ s. a. £ s. d. Brought forward Sobouqh of Hokitika— continued. Interest on Investments — continued. On £10, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1903 „ £20, Borough of Palmerston North 5-per-cent. Debentures; period, to 5 January, 1904 „ £660, Consolidated Stock 3£per-cent. Debentures; period, to 5 January, 1904 „ £220, Borough of Patea 4J-per-cent. Debentures ; period, 5 January, 1904 „ Bank balances 45 18 5 6,313 2 11 0 10 0 0 19 2 19 11 2 8 7 8 0 2 7 75 9 0 Iounty op Tauranga :— Contribution to Sinking Fund for one year to 1 January, 1903 Interest on Investments, — On £110, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1903 „ £60, ditto, one year to 1 February, 1904 „ £60, ditto, 27 Maroh to 1 February, 1904 „ £10, ditto, 5 September to 1 February, 1904 .. „ £80, Westport Harbour 4-per-cent. Debentures, one year to 1 January, 1904 .. „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1904 „ £40, Borough of Patea 4J-per-cent. Debentures, one year to 1 March, 1904 „ £150, Consolidated Stock 3*-per-cent. Debentures, one year to 1 Maroh, 1904 „ Bank balances 40 0 0 4 8 0 2 8 0 2 0 8 0 3 0 3 4 0 2 10 0 1 L6 0 5 5 0 0 1 11 61 16 7 £6,450 8 6

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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS 31st March, 1904.

P. Purvis Webb, Secretary and Accountant to the Commissioners.

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disburs: IMENTS. s. s. Brought forward .. 5,945 0 0 Iounty of Tadkanga :— Investments, — 5 Sept., 1903. Land for Settlements 4-per-cent. Debentures 22 Mar., 1904. Aid to Publio Works and Land Settlement 4 per cent. Debentures 55 0 0 10 0 0 45 0 0 £6,000 0 0

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STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1904.

P. Purvis Webb, Secretary and Accountant to the Commissioners.

9 Loans in respect of which the Funds abe held. Securities. When Securities are redeemable. '' Canterbury Loan a Ordinance, g 1862." Westport Greyruouth Borough Borough : Borough Countv Harbour Harbour of of of of Board. Board. Tauranga. Brunner. Hokitika. Tauranga. Totals. ' i £ s. d. £ s. d. £ s. d. 700 0 0 & s. d. I £ p. d. £ s. d. 700 0 0 500 0 0 £ s. d. £ s. d. 1,900 0 0 Defence and Other Purposes Loan Debentures 1 July, 1910 .. Immigration and Public Works Loan Debentures .. 15 April, 1913 41 1,000 0 0 600 0 0 500 0 0 i 2,100 0 0 General Purposes Loan Debentures . . 28 Nov., 1914 r> . 3,470 0 0 i 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 1 Sept., 1907 .. ■ ... ,. . 3,000 0 0 3J i 400 0 0 1,600 0 0 ' 1,000 0 0 Consolidated Stock Debentures .. 31 Deo., 1907 :).! 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 .. 80 Sept., 1908 4 " 1,200 0 0 800 0 0 2,000 0 0 4 1,660 0 0 1,200 0 0 2,760 0 0 420 0 0 1,320 0 0 1,000 0 0 20 0 0 110 0 0 240 0 0 110 0 0 9,500 0 0 Land for Settlements Loan Debentures .. I 1 May, 1904 Ditto ' .. 1 Feb., 1905 4 400 0 0 20 0 0 180 0 0 60 0 0 3,000 0 0 1 Aug.. 1908 4 375 0 0 1,500 0 0 ' 1,000 0 0 J 90 0 0 1,600 0 0: 930 0 0 90 0 0 25 0 0 10 0 0 3,000 0 0 Aid to Public Works and Land Settlement Debentures .. .. j 1 Dec, 190(3 4 330 0 0 j 20 0 0 30 0 0 3,000 0 0 Ditto Land for Settlements Debentures .. i 1 Jan., 1909 1 Feb., 1908 4 330 0 0 4 450 0 0 1,550 0 0 1,020 0 0 30 0 0 25 0 0 25 0 0 ; 45 0 0 3,000 0 0 3,500 0 0 1,620 0 0 i 1,100 0 0 i 30 0 0 60 0 0 215 0 0 60 0 0 220 0 0 40 0 0 5,000 0 0 Borough of Patea Debentures 1 Sept., 1913 44 200 0 0 2,400 0 0 j 2,060 0 0 20 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 Tauranga Debentures 1 May, 1915 5 200 0 0 1,800 0 0 ■ 1,300 0 0 I 80 0 0 20 0 0 3,400 0 0 Borough of Brunner Debentures .. 9 May, 1917 (i 840 0 0 430 0 0 i 40 0 0 40 0 0 150 0 0 1,500 0 0 County of Tauranga Debentures 1 Jan., 1919 5 60 0 0 ■ : I 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 j 70 0 0 20 0 0 1,700 0 0 Ditto .. 1 June, 1906 5 . I 300 0 0 200 0 0 •• 500 0 0 Westport Harbour Board Debentures 1 Jan., 1908 4 550 0 0 0 0 ! 2,960 0 0 10 0 0 30 0 0 320 0 0 320 0 0 80 0 0 10,500 0 0 Wellington and Manawatu Railway Debentures 1 June, 1908 5 540 0 0 I I 1,480 0 0 980 0 0 3,000 0 0 Borough of Hokitika Loan 5 Jan., 1904 6 I 1,860 0 0 210 0 0 180 0 0 10 0 0 240 0 0 240 0 0 2,500 0 0 Cash in Bank of N.Z. 14,935 0 0 43,680 0 0 29,130 0 0 1370 0 0 60 I 4 254 7 0 170 7 11 5 0 2 14,995 7 4 43,934 7 0 ;29,300 7 11 1375 0 2 495 0 0 3 7 4 2,285 0 0 80 15 4 605 0 0 7 16 11 92,500 0 0 582 2 0 Totals .. [498 7 4 2,365 15 4 612 16 11 93,082 2 0

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1903.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1904. & s. a. Secretary's salary .. .. .. .. .. .. 50 0 0 Fee to Mr. Brewer (Customs audit! for audit of accounts .. .. .. 2 2 0 £52 2 0 P. "Purvis Webb, Secretary and Accountant to the Commissioners. Examined and found correct. H. W. Brewer Customs, Audit.

Approximate Cost of Paper.— Preparation, nut given ; printins <1,42"> copies), £10.

By Authority: John Mackay, Government Printer, Wellington.—l9o4.

Price, 6d ]

Lioans. Debentures iu 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 Borough of Brunner Borough of Hokitika County of Tauranga £ 15,200 150,000 100,000 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. 14,995 7 4 43,<J34 7 0 29,fi00 7 11 1,375 0 2 498 7 4 2,365 15 4 612 16 11 £274,600 £93,082 2 0