SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1906 Session II, B-08

B.^-8

Session 11. 1906. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OP THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1906.

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

EEPOET.

Government. Buildings, Wellington, 15th September, 1906. 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, 1906. 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. 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. s. 'Canterbury Loan Ordinance, ]862": — Contribution to Sinking Fund for one year to 31 December, 1905 Palmerston North Borough Loan matured „ „ „ Discount on Investment Interest on Investments, — On £1,000, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1905 „ £1,900, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1905 „ £200, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1905 „ £990, Borough of Brunner 6-per-cent Debentures, one year to 9 November, 1905 „ £3.470, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1905 „ £360, Land for Settlements 4-per-cent. Debentures, one year to 1 December, 1905 „ £320, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1905 „ £540, Wellington and Manawatu Railway Company 5-per-cent. Debentures, one year to 1 December, 1905 „ £700, Defence and other Purposes Loan 4J-per-cent. Debentures, one year to 30 December, 1905 „ £330, Land fcr Settlements 4 per-cent. Debentures, one year to 1 January, 1906 , £400, Land for Settlements 4-per-cent. Debentures, 22 March to 1 January, 1906 „ £600, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1906 „ £660, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1906 , £60, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1906 „ £1,440, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1906 „ £530, Palmerston North Borough 41-percent. Debentures, six months to 1 February, 1906 .. » £1,910, Consolidated Stock 3J-per-oent. Debentures, one year to 1 March, 1906 . £400, Government Loans to Local Bodies 3J-per-oent. Debentures, one year to 1 March, 1905 „ £420, Patea Borough 4J-per-cent. Debentures, one year to 1 March, 1906 „ Investment Palmerston North Borough „ Bank balances .. .. .. 152 0 0 20 0 0 29 10 0 45 0 0 76 0 0 10 0 0 59 8 0 173 10 0 14 8 0 16 0 0 27 0 0 31 10 0 13 4 0 12 8 6 24 0 0 26 8 0 3 0 0 57 12 0 11 18 6 66 17 0 14 0 0 18 18 0 12 4 1 7 6 •- 905 1 10 Westport Harbour Board :— Contribution to Sinking Fund for one year to 1 March, 1906 Palmerston North Borough Loan matured „ „ Discount on Investment Interest on Investments, — On £600, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1905 „ £4,200, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1905 » £1,800, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1905 „ £430, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1905 „ £3,290, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1905 .. „ £1,600, Land for Settlements 4-per-cent. Debentures, one year to 1 December, 1905 „ £1,090, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1905 „ £1,480, Wellington and Manawatu Railway Company 5-por-cent. Debentures, one year to 1 December, 1905 .. „ £700, Defence and other Purposes Loan 5-per-cent. Debentures, one year to 30 December, 1905 .. .. .. ... „ £1,550, Land for Settlements 4-per-cent. D-bentures, one year to 1 January, 1906 .. „ £2,000, Land fnr Settlements 4-per-cent. Debentures, one year to 1 January, 1906 „ £1,500, Land for Settlements 4-per-cent. Debentures, 22 March to 1 January, 1906 „ £6,760, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1906 1,500 0 0 640 0 0 35 0 0 27 0 0 168 0 0 90 0 0 25 16 0 164 10 0 64 0 0 54 10 0 74 0 0 31 10 0 62 0 0 80 0 0 46 12 0 270 8 0 Carried forward 3,333 6 0 905 1 10

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For the Year ended 31st March, 1906.

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DISBURSEMENTS. s. s. L. . I ; ' Canterbury Loan Ordinance, 1862 " :— Investments, — 1 Aug., 1905. Borough of Palmerston North 4J-per-cent. Debentures, due 1 February, 1916 .. 6 Jan. 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 .. 530 0 0 400 0 0 930 0 0 » . Westport Harbour Board :— Investments, — 20 July, 1905. Borough of Palmerston North 5-per-cent. Debentures, due 20 July, 1916 1 Aug., 1905. Borough of Palmerston North 4£-per-oent. Debentures, due 1 February, 1916 .. ... 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 530 0 0 690 0 0 1,500 0 0 2,720 0 0 Carried forward 3,650 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 3,333 6 0 905 1 10 Westport Harbour Board — continued. Interest on Investments— continued. On £640, Palmerston Nortb Borough 5-per-cent. Debentures, six months to 20 July, 1905 „ £530, Palmerston North Borough 5-per-cent. Debentures, six months to 20 January, 1906 .. „ £1,100, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1906 „ £4,440, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1906 „ £690, Palmerston North Borough 4£-per-cent. Debentures, six months to 1 February, 1906 „ £8,800, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1906 .. .. „ £1,600, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1906 „ £2,400, Patea Borough 4|-per-cent. Debentures, one year to 1 March, 1906 „ £1,200, Lands Improvement 4-per-cent. Debentures, one year to 31 March, 1906 .. - „ Bank balances 16 0 0 13 5 0 55 0 0 177 12 0 15 10 6 308 0 0 56 0 0 108 0 0 48 0 0 3 7 3 4,184 0 9 Greymouth Harbour Board :— Contribution to Sinking Fund for one year to 1 March, 1906 Palmerston North Borough Loan matured „ „ „ Discount on Investment Interest on Investments, — On £500, Immigration and Public Works Loan 4J-per-cent. Debentures, one year to 15 October, 1905 „ £2,760, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1905 „ £1,300, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1905 . £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1905 „ £2,830, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1905 „ £930, Land for Settlements 4-per-cent. Debentures, one year to 1 December, 1905 „ £700, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1905 „ £980, Wellington and Manawatu Railway Company 5-per-cent. Debentures, one year to 1 December, 1905 . £500, Defence and other Purposes Loan 4J-per-cent. Debentures, one year to 30 December, 1905 ... „ £1,020, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1906 „ £1,300 Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1906 , £950, Land for Settlements 4-per-cent. Debentures, 22 March to 1 January, 1906 „ £2,960, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1906 „ £700, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1906 , £520, Palmerston North Borough 5-per-cent. Debentures, six months to 20 July, 1905 „ £440, Palmerston North Borough 5-per-cent. Debentures, six months to 20 January, 1906 .. „ £3,280, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1906 „ £530, Palmerston North Borough 4J-per-cent. Debentures, six months to 1 February, 1906 .. „ £6,250, Consolidated Stock 3|-per-cent. Debentures, one year to 1 March, 1906 „ £1,000, Government Loans to Local Bodies 3J-per-cent. Debentures, one year to 1 March, 1906 „ £2,060, Patea Borough 4J-per-cent. Debentures, one year to 1 March, 1906 „ £800, Lands Improvement 4-per-cent. Debentures, one year to 31 March, 1906 „ Bank balances .. ... 1,000 0 0 520 0 0 30 0 0 22 10 0 110 8 0 65 0 0 2 8 0 141 Id 0 37 4 0 35 0 0 49 0 0 22 10 0 40 16 0 52 0 0 29 10 2 118 8 0 35 0 0 13 0 0 11 0 0 131 4 0 11 18 6 218 15 0 35 0 0 92 14 0 32 0 0 2 7 6 2,859 3 2 7,898 5 9 Carried forward

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For the Year ended 31st March, 1906.

DISBURSEMENT! s. s. Brought forward .. 8,650 0 0 rREYMOUTH HARBOUR BOARD :— Investments, — 20 July, 1905. Borough of Palmerston North 5-per-cent. Debentures, due 20 July, 1916 1 Aug., 1905. Borough of Palmerston North 4J-per-oent. Debentures, due 1 February, 1916 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 440 0 0 580 0 0 1,030 0 0 2,000 0 0 Carried forward 5,650 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 Borough op Tauranga:— Contribution to Sinking Fund for one year to 1 May, 1905 Palmerston North Borough Discount on Investment Interest on Investments, — On £420, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1905 „ £80, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1905 „ £40, Borough of Brunner 6-per-cent. Debentures, one year to 9 November, 1905 „ £90, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1905 „ £70, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1905 „ £220, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1906 „ £30, Land for Settlements 4-per-cent. Debentures, 22 March to 1 January, 1906 „ £10, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1906 „ £90, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1906 „ £140, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1906 . £85, Palmerston North Borough 4J-per-cent. Debentures, six months to 1 February, 1906 .. „ £290, Consolidated Stock 3£-per-cent. Debentures, one year to 1 March, 1906 „ £20, Patea Borough 4J-per-cent. Debentures, one year to 1 March, 1906 „ Bank balances .. .. .. 68 0 0 5 0 0 16 16 0 4 0 0 7,898 5 9 2 8 0 4 10 0 3 10 0 8 16 0 137 14 5 0 18 8 0 8 0 4 10 0 5 12 0 1 18 3 10 3 0 0 18 0 0 6 6 Borough of Brunner: — Contribution to SinkiDg Fund for one year to 9 November, 1905 Palmerston North Borough Loan matured .. .. „ „ „ Discount on Investment.. Interest on Investments, — On £110, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1905 „ £20, Borough of Tauranga 5-per-cent. Debentures, one year to 1 November, 1905 „ £20, General Purposes Loan 5-per-cent. Debentures, one year to 15 November, 1905 „ £20, Land for Settlements 4-per-cent. Debentures, one year to 1 December, J 905 „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1905 „ £25, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1906 „ £50, Land for Settlements 4-per-cent. Debentures, 22nd March to 1 January, 1906 „ £30, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1906 „ £20, Palmerston North Borough 5-per-cent. Debentures, six months to 20 July, 1905 „ £30, Palmerston North Borough 5-per-cent. Debentures, six months to 20 January, 1906 .. „ £15, Palmerston North Borough 4J-per-cent. Debentures, six months to 1 February, 1906 .. ".. „ £70, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1906 „ £100, Consolidated Stock 3J-per-cent. Debentures, one year to 1 March, 1906 „ £60, Patea Borough 4J-per-oent. Debentures, one year to 1 Maroh, 1906 „ Bank balances .. ... 30 0 0 20 0 0 2 0 0 4 8 0 1 0 0 10 0 0 16 0 10 0 10 0 1 11 2 14 0 0 10 0 74 12 11 0 15 0 0 6 9 2 16 0 3 10 0 2 14 0 0 2 0 Carried forward 8,110 13 1

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For the Year ended 31st March, 1906.

DISBURSEMENTS. £ s. d. £ s. d. Brought forward 5,650 0 0 Borough of Tauranga:— Investments, — 1 Aug., 1905. Borough of Palmerston North 4J-per-cent. Debentures, due 1 February, 1916 .. 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 85 0 0 30 0 0 115 0 0 Borough of Brunner: — Investments, — 20 July, 1905. Borough of Palmerston North 5-per-cent. Debentures, due 20 July, 1916 1 Aug., 1905. Borough of Palmerston North 4J-per-cent. Debentures, due 1 February, 1916 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 30 0 0 15 0 0 70 0 0 25 0 0 Carried forward .. 5,835 0 0

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

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RECEIPTS. £ s. d. £ B. d. Brought forward 8,110 13 1 ioEOCGH of Hokitika: — Iounty of Tauranga :— Contribution to Sinking Fund for one year to 1 January, 1906 Interest on Investments, — On £110, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1905 „ £45, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1906 „ £70, Land for Settlements 4-per-cent. Debentures, 22 March to 1 January, 1906 „ £80, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1906 „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1906 .. ' .. „ £130, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1906 „ £150, Consolidated Stock 3J-percent. Debentures, one year to 1 March, 1906 „ £40, Patea Borough 4J-per-cent. Debentures, one year to 1 March, 1906 „ Bank balances 40 0 0 4 8 0 1 16 0 2 3 7 3 4 0 2 10 0 5 4 0 5 5 0 1 16 0 0 13 66 7 10 £8,177 0 11

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For the Year ended 31st March, 1906.

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

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DISBURSEMENTS. £ s. d. £ s. d. Brought forward 5,835 0 0 Borough of Hokitika :— Amount in excess of Loan returned 34 3 9 34 3 9 County of Tauranga :— Investments, — 6 Jan., 1906. Land for Settlements 4-per-cent. Debentures, due 1 January, 1911 15 0 0 15 0 0 £5,884 3 9

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

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1906.

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*OANS IN BESPECT OF WHICH THE 'UNDS ABE H] ;ld. Secueities. When Securities are redeemable. a o ID -A "Canterbury Loan Ordinance, 1862." Westport Harbour Board. Greymouth Borough Borough Harbour of of Board. Tauranga. Brunner. Totals. Borough of Hokitika. County of Tauranga. I Defence and other Purposes Loan Debentures Immigration and Public Works Loan Debentures General Purposes Loan Debentures Government Loans to Local Bodies Debentures Consolidated Stock Debentures Lands Improvement Loan Debentures Land for Settlements Debentures Ditto Aid to Public Works and Land Settlement Debentures .. Ditto Land for Settlements Debentures Borough of Patea Debentures Borough of Palmerston North Debentures Di'to Borough of Tauranga Debentures Borough of Brunner Debentures Countv of Tauranga Debentures Waimakariri-Ashley Water-supply Board Debentures .. Ditto Westport Harbour Board Debentures Wellington and Manawatu Railway Company Debentures .. 1 July, 1910 .. \ 15 April, 1913 .. i 28 Nov., 1914 .. ! 1 Sept., 1907 .. 31 Dec, 1907 .. I 30 Sept., 1908 .. I 1 May, 1909 .. I 1 Feb., 1912 .. I lAug., 1908 1 Jan., 1909 1 Jan., 1911 .. 1 Dec, 1906 .. Uan.. 1909 1 Jan., 1909 .. lFeb., 1908 .. 1 Sept., 1913 .. 20 July, 1916 .. 1 Feb., 1916 .. 1 May, 1915 9 May, 1917 .. 1 Jan., 1919 1 June, 1906 1 June, 1906 1 Jan., 1908 1 June, 1908 5 4 4 4 4 4 4 4 4 4 4 5 5 6 5 5 5 4 5 £ S. d. 700 0 0 1,000 0 0 3,470 0 0 400 0 0 1,910 0 0 1,900 0 0 400 0 0 375 0 0 400 0 0 400 0 0 360 0 0 600 0 0 330 0 0 665 0 0 420 0 0 £ s. d. 700 0 0 600 0 0 3,290 0 0 1,600 0 0 8,800 0 0 1,200 0 0 i ,200 0 0 1,320 0 0 1,500 0 0 1,500 0 0 1,500 0 0 1,600 0 0 2,000 0 0 1,550 0 0 1,620 0 0 2,400 0 0 530 0 0 690 0 0 1,800 0 0 430 0 0 1,100 0 0 790 0 0 300 0 0 6,760 0 0 1,480 0 0 £ s. d. 500 0 0 500 0 0 2,830 0 0 1,000 0 0 6,250 0 0 800 0 0 2,760 0 -0 1,180 0 0 1,000 0 0 950 0 0 1,030 0 0 930 0 0 1,300 0 0 1,020 0 0 1,100 0 0 2,060 0 0 440 0 0 530 0 0 1,300 0 0 40 0 0 700 0 0 500 0 0 200 0 0 2,960 0 0 980 0 0 £ s. d. 90 0 0 290 0 0 420 0 0 20 0 0 90 0 0 30 0 0 30 0 0 90 0 0 100 0 0 30 0 0 30 0 0 20 0 0 £ s. d. 20 0 0 100 0 0 110 0 0 20 0 0 25 0 0 50 0 0 25 0 0 20 0 0 £ s. d. £ s. d. 150 0 0 110 0 0 60 0 0 10 0 0 70 0 0 15 0 0 £ s. d. 1,900 0 0 2,100 0 0 9,700 0 0 3,000 0 0 17,500 0 C 2,000 0 0 9,500 0 0 3,000 0 0 3,000 0 0 3,000 0 0 3,000 0 0 3,000 0 0 4,000 0 0 3,000 0 0 3,500 0 0 5,000 0 0 1,000 0 0 1,850 0 0 3,400 0 0 1,500 0 0 2,000 0 0 1,700 0 0 500 0 0 10,500 0 0 3,000 0 0 25 0 0 25 0 0 60 0 0 30 0 0 15 0 0 20 0 0 45 0 0 60 0 0 40 0 0 530 0 0 200 0 0 990 0 0 60 0 0 320 0 0 85 0 0 80 0 0 40 0 0 90 0 0 70 0 0 20 0 0 50 6 0 660 0 0 540 0 0 10 0 0 30 6 0 80 0 0 Cash in Bank of N.Z. 16,630 0 0 172 9 1 49,260 0 0 1,509 15 5 32,860 0 0 1,016 18 5 1615 0 0 24 17 3 595 0 0 8 5 10 690 0 0 53 1 11 101,650 0 0 2,785 7 11 •• Totals .. 16,802 9 1 603 5 10 1 . 743 1 11 104,435 7 11 50,769 15 5 |33,876 18 5 1639 17 3 ■•

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STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1906.

STATEMENT of the Expenses incueeed during the Year ended 31st March, 1906. £ s. d. Secretary's salary .. .. .. .. ... .. .. 50 0 0 Pee to Mr. Brewer (Customs audit) for audit of accounts .. .. .. 2 2 0 £52 2 0 P. Puevis Webb, Secretary and Accountant to the Commissioners. Examined and found correct. H. W. Beewee, Customs Audit.

Approximate Cost of Paper.— Preparation, not given; printing (1,450 copies), £9 16s. 6d.

By Authority: John Maokat, Government Printer, Wellington.—l9o6.

Price 6d.]

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Jjoans. Debentures in Circulation. Eate of Sinking Fund. When redeemable. Sinking Funds accrued. ' Canterbury Loan Ordinance, 1862 " Westport Harbour Board Loan 3reymouth Harbour Board Loan Borough of Tauranga Borough of Brunner 3ounty of Tauranga £ 15,200 150,000 100,000 3,400 1,500 2,000 Per Cent. 1 1 1 2 2 2 1915 and 1916 1 March, 1925 1 March, 1925 1 May, 1915 .. 9 May, 1917 .. 1 January, 1919 £ s. d. 16,802 9 1 50,769 15 5 33,876 18 5 1,639 17 3 603 5 10 743 1 11 £272,100 £104,435 7 11