APPLICATIONS MADE BY LOCAL AUTHORITIES FOR LOANS UNDER THE LOCAL BODIES' LOANS ACT, 1908, THE LOCAL BODIES' LOANS AMENDMENT ACT, 1908, AND THE LOCAL BODIES' LOANS AMENDMENT ACT, 1910, FOR THE FINANCIAL YEAR ENDED THE 31st MARCH, 1912 (ANNUAL RETURN OF).

Appendix to the Journals of the House of Representatives, 1912 Session II, B-14

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Session 11. 1912. NEW ZEALAND.

APPLICATIONS MADE BY LOCAL AUTHORITIES FOR LOANS UNDER THE LOCAL BODIES' LOANS ACT, 1908, THE LOCAL BODIES' LOANS AMENDMENT ACT, 1908, AND THE LOCAL BODIES' LOANS AMENDMENT ACT, 1910, FOR THE FINANCIAL YEAR ENDED THE 31st MARCH, 1912 (ANNUAL RETURN OF).

Presented to both Houses of the General Assembly in pursuance of Section 90 of the Local Bodies' Loans Act, 1908.

Khtukn showing what Applications have been made by Local Authorities, and which of them have been granted or refused; also what Sums have been granted or advanced, and for what Purposes, and the Names of such Authorities; what Sums have been borrowed or raised by the Treasurer; and what are the Outstanding Liabilities and the Assets.

List of Applications and Advances during the Financial Year ended the 31st March, 1912.

( Provi- Advances. ; Amount I sionally Result . . . _ Jjooal Authority, i applied I granted ofPollor Trannn , Purpose uf Loan. Kemarks. for. ! or Petition. New i , "™" I refused. Loans. ! Pr ™ COUNTY COUNCILS. £ £ £ I £ Akitio .. I .. .. .. . . 800 To bridge and nietalithejmahf roads. Amuri • . .. . • ■ • ■ ■ 1, 000 To construct roads and bridges. Clifton .... .. .. . . 100 To form the Mataro Road. .... .. . . . . 500 j To construct Okoke Road. Hawera .. .. • . . . .. 200 ' To defray the Mangatoki Riding's share of the cost of building several bridges. „ .. .. .. .. .. 375 To construct Kapuni and Waingongoro Bridges, and to metal portion of Ahipaipa Road, liawke'ft Bay .. .. .. .. .. 462 To metal roads, footpaths, for water-channels, &c. (Napier South Loan). 121 Ditto. n .. .. .. .. .. ll*j For Olive Grange River protection-works. Kawhia .. .. • ■ . • • • 500 j To widen and metal Mahoenui—Kawhia Road. Opotiki .. I .. .. .. .. 540 j (10 per cent, on £5,400) to complete OpotikiOhura and Opotiki-Waiawa Roads. Pahiatua . . .. •. .. .. 300 i To construct roads in Pori district. Rangitikei . . .. . • • • . • 250 : To construct a traffic-bridge over Rangitikei River near Taoroa. Stratford .. .. ■ . •. . ■ 690 ! To construct Mangaotuku and other roads. Waipa . . .. •. ■. • • 250 To construct roads in Hamilton Riding. Waipawa .... .. .. . . 300 i (10 per cent, on £3,000) to complete the water-races within the Aschott Waterrace District. Whangamomona 150 (3. No poll 150 .. (10 per cent, on £J,500) to construct, culvert, Under section 2 (o) required and bridge portion of Mangaehu Road the Local Hod: Loans Amei merit Act, 1910. Whangarei .. .. .. . . •. 1,000 To metal main county road, through part of Maungakaramea and Maungatapere Parishes. .. I .. .. . . .. 400 J Ditto. Carried forward 150 .. .. 150 j 7,799fj * Correct amount, til 7s. M. t Correct amount, £7,799 7s. -26.

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List of Applications and Advances— continued.

Note—" P.G-." means provisionally granted; " G." granted. "Correct amount is £lu,BOS 7s, ad.

£ v. d. £ s. d. Cash balance. Ist April, 1911.. .. .. .. .. .. .. .. .. 18,865 I! 7 Money advanced to local bodies .. .. .. .. .. ~ .. .. 13,405 7 2 Less refunds by— Counties — £ s. d, Cook . . .. .. .. .. .. .. ..0119 Hokianga .. .. .. .. .. . . .. 13 8 (> Kiwitea . . .. .. .. .. .. . , 754 15 7 Waikohu .. . . .. .. . . . . .. 237 Hi 1 Woodville .. .. .. .. .. .. .. 100 14 it Horn mjhs — Eketahima .. .. .. .. .. .. .. 29 10 (i Palmerston .. .. . •. .. .. .. . . 660 0 0 1,796 17 2 11,608 10 0 Cash balance, :S Ist March, 1912 .. .. .. .. .. .. .. .. . ( £7,256 13 7

p rovi . J Advances. Amount sionally ! Kesulb ——' Local Authority. applied granted of Poll or T ...,. ( for. or Petition. New %°™{<°l refused. Loans. γ^a™ 8 Advances. Purpose of Lena Remark*. ROAD BOARDS. ! £ Brought forward 150 Mangawhero Okain's Bay Okotuku .. I Pukekohe West Turanga I £ £ £ i £ j 150 ' 7,799 :S00 To construct a dray road from Barton and Field's Roads. &c. 500 To erect a shed and wharf at Okain's Bay, &c. 56 To complete the gap between Mangitangi and Okotuku Roads. . . 200 To grade and construct roads in Cape Special - rating Area. 850 To grade and construct roads in Puni Specialrating Area. 450 To grade and construct portions of the main road. BOROUGHS. Dannevirke .. 500 Lower Hutt .. 1 ,000 I Maori Hill . . 250 Petone Whangarei .. .1 ,700 (i. P.G. G. No poll required ; Ditto No poll required 500 .. (10 per cent, on £5,000). to establish abattoirs Under section 2 (<!) of the Local Bodies' L o a n s Amendment Act, 1910. (10 per cent, on £10,000) for the construction Uncompleted. Under of drainage-works section 2 (c) of the Local Bodies' L o a n s Amendment Act, 1910. 25(1 .. (10 per cent, on £2,500) to improve the street Under section 2 (c) of in South Ward the Local Bodies' Loans Amendment Act, 1910. 25(1 To provide a high-pressure water-supply. 1,700 I .. ! (10 per cent, on £17,000) to construct and Under section 2 (c) of establish drainage-works in the borough the Local Bodies' L o a n s Amendment Act, MHO. DRAINAGE BOARDS. tiungahunga .. .. - Oroua .. 300 Soul li Hautapu 50 j Totals .. £3,950 P.G. No poll required Ditto .. i I 400 To construct further drainage-works. (Portion of 10 per cent, on £3,015) to con- Uncompleted. Under struct the main drain through the district section 2 (<:) of the Local Bodies' Loans Amendment Act, 19.10. (10 per cent, on £500) to construct drainage- Ditto, works £2,600 £10,805* £2,600

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Statement oh' Liabilities. Outstanding liabilities, — £ s. d. Debentures issued under the Local Bodies' Loans Acts* .. .. .. .. .. .. 3,523,100 0 0 Under the Local Bodies' Loans Act, 1908 — Unpaid balances of loans to local authorities . . .. .. .. .. .. . . 10,707 0 0 £3,533,807 0 0 Statement ob Assets. Assets, — £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 4-1- per cent, per annum on amount of inscribed debts of local bodies (£1,161,329 Bs. sd.f) .. •• 1,358,755 8 6 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£104,443 12s! Iod.t) .. .. 133,687 17 4 Payments for forty-one years of 3|- per cent, per annum on amount of inscribed debts of local bodies (£1,720,235 Bs. 2d.f) .. •• 2,468,537 16 0 3,960,981 1 10 Less amount paid in respect of the annual repayments .. 1.348,289 17 8 2,612,1191 4 2 Inscribed debt under section 75 of the Local Bodies' Loans Act, 1908 . . 607,276 7 7 Less amount refunded on disposal of lands .. .. .. 397,996 13 9 209,279 13 10 Sinking Fund created under section 88 of the Local Bodies' Loans Act, 1908 799.600 12 0 Cash balance, 31st March, 1912 .. .. .. .. .. 7.256 13 7 ],016,136 19 5 £3,628,828 3 7

J. W. Poynton, The Treasury, 22ud May, 1912. Secretary to the Treasury. Notes.— The total amount borrowed up to the 31st March, 1912, was £3,523,100. The total amount repaid to Public Works Fund up to the 31st March, 1913, was £89.800. . The total amount advanced to local bodies up to the 31st March, 1912, was £2,873,016 Is. 7d.; less refunds, £35,773 17s. 10d.=£2,837,212 bs. 90. The total amount advanced under section 75 of the Locai Bodies' Loans Act, 1908, up to the 31st March, 1912. was £608,276 7s. 7d., less refund of £131 = £608,115 7s. 7d. ' £1,421,800 of tliis amount has been converted into consolidated-stock debentures under the Consolidated Stock Act, 1881. i These amounts represent the debt as inscribed up to the Ist February. 1911. They include the inscribed stock exchanged tor debentures under the Boads and Bridges Construction Act. 1882. amountiug to £89,878 Hs. 9d'.' (See 8.-13,1891.) Approxi'iiiate Cost of Paper. —Preparation, not given printing (1,500 copies), £2 10s.

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