SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1917 Session I, B-08

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1917. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OP THE COMMISSIONERS OP THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH. 1917.

Presented to both Houses of the General Assembly in compliance with the 51st Section of the New Zealand, Loams Act, 190 S.

RE PO RT. Government Buildings, Wellington, 16th October, 1917. The Commissioners of the Public Debts Sinking Funds have the honour to lay before Parliament the account of their transactions for the year ended 31st March, 1917. Nothing in the proceedings of the year has occurred calling for special remark by the Commissioners. Eobebt J. Collins, Chairman,

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2

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

RECEIPTS. £ s. d. £ s. d. I Balance, 1st April, 1916 :— Cash at bank .. .. .,. ... Canterbury Loan Ordinance, 1862 : — Interest on Investments, — On £150, Land for Settlements 4-por-cent. Debentures, noriod to 4 September, 1916 .. .. .. .. " .. 3 5 1 „ £1,900, Land for Settlements 4-per-cent. Debentures, poriod to 4 Septembor, 1916 .. .. .. .. .. 04 8 10 „ £1,120, Land for .Settlements 4-per-eent. Debentures, period to 4 September, 1916 .. .. .. .. ... 30 0 2 „ £1,000, Finance (1915) 4-per-cent. Debentures, period to 1 August, 1916 .. .. .. .. .. ..I 35 15 1 ,,£1,150, Aid to Public Works and Land Settlement (1903) j 4-per-cent. Debentures, period to 4 Soptember, 1916 .. .. 31 6 4 „ £1,270, Government Railways 4- por-cent. Debentures, one year to 1 January, 1917 .. .. .. .. .. 50 16 0 „ £8,000, Railways Improvement Authorization 4-per-cent. Debentures, poriod to 31 Octobor, 1916 .. .. .. .. 199 0 .", „ £595, Now Zealand 4-per-cont. Consols, one year to 1 February, 1.917 23 Hi 0 „ £1,910, Now Zealand Consolidated Stock Act 4-per-cent. Debentures, period to 4 October, 1910 .. .. .. .. 55 1 11 Securities sold .. .. .. .. .. .. 17,095 0 0 428 19 5 . | 17,588 9 8 17,588 9 8 Wi.iKTPORT Harrour Board :— Loan of £150,000, - Debentures matured .. .. .. .. .. 3,530 0 0 Contribution to Sinking Fund for one year to 1 March, 1917 .. 1,500 0 (I Interest on Investments— On £3,400, Irrigation mill Water-supply 4-por-oont. Debentures, one year to 1 October, 1910 .. .. .. .. 136 (I 0 „ £5,520, Waverley Town Board 5-per-oent, Debentures, period to 1 Octobor, 1916 .. .. .. ... .. 238 0 4 „ £1,(100, Immigration and Public Works Loan 4:J-per-oent, Debentures, one year to 15 October, 1916 .. ..' .. .. 72 0 0 „ .£4,200, Land for Settlements 4-por-cnnt. Debentures, one year to 1 November, 1916 .. .. .. .. .. 108 0 0 „ £2,000, Borough of Tauranga 5-per-cont. Debentures, to 15 November, 1916 .. .. .. .. .. .. 76 10 1 „ £470, Borough of Brunner 0-per-cent. Debentures, one year to 9 November, 1916 .. .. .. .. .. 27 0 0 „ £3,730, General Purposes Loan 4-per-oent. Debentures, one year to 28 December, 1916 .. .. .. .. .. 146 12 0 „ £1,690, Aid to Public Works and Land Settlement (1902) 4-per-oent. Debentures, one year to 1 December, 1916 .. .. 05 16 0 „ £2,210 Financo Aot (1915) 4-i-por-cont. Debentures, poriod to 1 December, 1916 .. .. .. .. .. SO 9 1 „ (Jl,100, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 191.6 .. .. ... 56 5 0 „ £1,400, Defence and Other Purposes l,oan 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. .. 56 0 0 „ £5,280, Aid to Public Works and Land Settlement (1903) 4-per-eent. Debentures, one year to 1 January, 1.917 .. .. 208 4 0 „ £1,000, Hutc Railway and Road Improvement 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. j 40 0 0 „ £9,720, Land for Settlements 4-per-cont. Debentures, one year to 1 January, 1917 .. .. .. .. .. 105 0 0 „ £3,715, New Zealand State-guaranteed Advances 4-per-cent. Debentures, ono year to 1 January, 1917 .. .. .. 146 8 0 „ £7,430, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. .. .. , 297 0 0 .„ £1,250, County of Tauranga 5-per-oent. Debentures, ono yoar to 1 January, 1917 .. .. .. ... .. 62 10 0 „ £8.095, Government Railways 4-percent. Debentures, one year to 1 January, 19.17 .. .. .. .. .. 323 16 0 „ £2,740, Land for Settlements 4-per-eent. Debentures, one year to 1 February, 1917 .. .. .. .. ... 109 12 0 „ £1,320, New Zealand State-guaranteed Advances 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. 52 16 0 „ £3,825, New Zealand 4-per-oent. Consols, one year to 1 February, 1.917 .. .. .. .. ' .. .. j 132 2 0 „ £2,805, Palmerston North Borough 5-per-oent. Debentures, period to 20 February, 1917 .. .. .. .. . .. 1.15 8 10 „ £1,350, Government Railways 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. .. 54 0 0 „ £830, Hutt Railway and Road 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. .. 33 4 0 „ £10,090, Consolidated Stock 4-per-cent. Debentures, period to 31 December, 1916 .. .. .. .. .. 367 7 9 I I Carried forward .. .. .. .. .. 8,500 1 1 Jj J I 18,017 9 1 18,017 9 1

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For the Year ended 31st March, 1917.

DISBURSEMENTS. £ s. d. £ s. d. -- Cantisuhuky Loan Ordinance, 1862 : Aouruod funds paid to Treasury 17,852 16 6 ' Westpout Uakuour Board :- Loan of £150,000,— Investments, — 3/20 July, 1916. Palmerston North Borough 5-per-cent. Debentures, due 20 August, 1922 1 August, 1916. Finance Act (1915) 4-por-cent. Debentures, due 15 December, 1930 .. .. .. .. .. | 4 October, 1916. Consolidated Stock Act (1884) 4-per-oent. Debentures, due 31 December, 1919 30 October, 1916. Waverley Town Board 5-por-ccnt. Debentures, due 1 Ootober, 1956 15 November, 1916. Securities taken over from Tauranga Borough .. 1 February, 1917. New Zealand 4-por-cont. Consols, due 1 February, 1925 30 March. 1917. Finaneo Act, 1916, ij-per-oetit'. Dubenturos, due 1 Soptcmbor, 1930 .. .. .. .. .. 2,030 0 0 1,000 0 II 1,000 (I (I 50 0 0 1,910 0 0 450 0 0 2,500 0 0 S.'.Hli II (I r ! i I i L-ll rd 26,792 16 6

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

4

RECEIPTS. £ s. d. £ s. d. . Brought forward .. .. .. .. .. 8,500 I 1 18,017 9 1 Westport Harbour Board— continued. Loan of £150,000 — continued. Interest on Investments — continued. On £2,000, Loans to Local Bodies 4-per-cent. Debentures, ono year to 1 March, 1917 .. .. .. .. .. SO 0 (I „ £2,480, Patea Borough i.i-per-oont. Debentures, half-yoar to 1 i September, 1916 .. .. .. .. .. 55 16 0 „ £870, Appropriation 1-por-cent. Debentures, one year to 1 November, 1916 .. .. .. .. .. .. 3-1 16 0 „ £800, Kauri-gum Industry Amendment 4-per-cont. Debentures, to 1 November, 1910 .. .. .. .. .. 32 0 0 „ £5,905, Land Laws Amendment 4-per-cent. Debentures, one year to 1 February, 1917 .. .. ... .. .. j 228 2 0 „ Daily balances .. .. .. .. .. 13 8 5 8,944 8 (i Westport Harbour Board :— Loan of £200,000,— Contribution to Sinking Fund for one year to I March, 1917 .. .. 2,000 0 0 Interest on Investments — On £1,400, Irrigation and Water-supply 4-per-cent. Debentures, one year to 1 October, 1916 .. .. .. .. 56 0 0 „ £1,930, Waverley Town Board 5-per-oent. Debentures, to 1 October, 1916 .. .. .. .. .. .. 80 0 0 „ £1,040, Appropriation 4-per-cent. Debentures, one year to 1 November, 1916 .. .. .. .. .. .. 41 12 0 „ £1,200, Kauri-gum Industry Amendment 4-per-cont. Debentures, one year to 1 November, 1916 .. .. .. .. 48 0 0 „ £990, Brunner Borough 6-per-cent. Debentures, one year to 9 November, 1.916 .. .. .. .. .. 59 8 0 ,,£1,090, Finance (1915) 4J-per-oent. Debentures, period to 15 December, 1916 .. .. .. .. .. 57 6 1 „ £910, Consolidated Stock 4-per-cent. Debentures, period to 31 December, 1916 .. .. .. .. .. 11 1.4 4 „ £1,180, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. .. .. 47 4 0 ( „ £3,595, Government Railways 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. .. ..' 143 10 0 „ £50, Government Railways 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. ... 2 0 0 „ £1,000, Hutt Railway and Road 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. .. 10 0 o „ £2,090, New Zealand 4-per-cent. Consols, one year to 1 February, 1917 .. .. .. .. .. .. 81 10 0 „ £500, Hauraki Plains Amendment 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. .. 20 0 0 „ £100, Land for Settlements, one year to 1 February, 1917 .. 4 0 0 „ £150, Palmerston North Borough 5-per-cent. Debentures, period to 20 February, 1917 .. .. .. .. .. 4 16 0 I 2,697 12 8 Westport Harbour Board ;— Loan of £500,000, Debentures matured and sold .. .. .. .. 2,500 0 0 Contribution to Sinking Fund for one year to 1 March, 1917 .. .. 5,000 0 0 Interest on Investments — On £2,910, Irrigation and Water-supply 4-per-cent. Debentures, one year to 1 October, 1916 .. .. .. .. I 10 8 0 „ £5,220, Waverley Town Board 5-per-cent. Debentures, one year to 1 October, 1916 .. .. .. .. .. 250 0 0 „ £2,860, Appropriation 4-ner-ccnt. Debentures, period to 1 November, 1916 .. .*. .. .. .. .. 1.14 8 0 „ £3,000, Kauri-gum Industry Amendment 4-per-cent. Debentures, one year to 1 November, loifi .. .. .. .. 120 0 0 „ 1,900, Land for Settlements 4-per-cent. Debentures, period to 1 November, 1916 .. .. .. .. .. 11 11 2 „ £360, Aid to Public Works and Land Settlement (1902) 4-per-cont. Debentures, one year to 1 Docomber, 1916 .. .. .. 14 8 0 , £2,700, Finance (1915) 4. l ,-per-cent. Debentures, poriod to 15 December, 1916 .. .." .. .. .. ..' ill 19 6 „ £2,800, General Purposes Loan 4-.!,--per-cent. Debentures, ono year to 28 November, 1916 .. .. .. .. .. 112 0 0 „ £300, Land for Settlements 4-per-cont. Debentuiros, ono yoar to 1 February, 1917 .. .. .. .. .. 12 0 0 „ £2,850, Land for Settlements 4-per-cent. Debentures, one yoar to 1 January, 1917 .. .. .. .. .. 164 0 0 „ £2,500, Hutt Railway and Road Improvement 4-per-eent. Debentures, one year to 1 January, 1917 .. .. .. ... 100 0 0 „ £3,750, Aid to Public Works and Land Settlement (1903) 4-per-oent. Debentures, one year to 1 January, 1917 .. .. .. 118 13 8 Carried forward .. .. .. .. .. 8,775 8 4 29,659 5 3 8,775 8 4 29,659 5 3

5

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For the Year ended 31st March, 1917.

DISBURSEMENTS. £ s. d. £ s. d. DISBURSEMENTS. £ s. d. _1S_U_S„._._.LNT». i S. a. Brought forward 26,792 16 6 Westport Harbour Board :— Loan of £200,000,— Investments — 3 July, 1916. Palmerston North Borough 5-per-cent. Debentures, due 20 May, 1922 .. .. .. .. .. 160 0 o 4 August, 1916. Consolidated Stock 4-per-cont. Debentures, due 3 December, 1919 .. .. .. .. .. 918 0 0 30 October, 1916. Waverley Town Board 5-per-cent. Debentures, 1 October, 1956 .. ' .. .. .. .. 330 0 0 1 February, 1917. New Zealand 4-per-cent. Consols, 1 February, 1925 .. .. .. .. .. ..I 45 0 0 30 March, 1917. Finance (1916) 4cJ-per-cent. Debentures, duo 1 September, 1930 .. ..' .. .. .. 1,200 o 0 2,635 0 Westport Harbour Board ;— Loan of £500,000,— Investments — 4 September, 1916. Aid to Public Works and Land Settlement (1903) 4-per-oent. Debentures, due 1 January, 1921 .. .. j 1,160 0 0 4 September, 1916. Land for Settlements 4-per-oent. Debentures, due 1 May, 1921 .. .. .. .. .. I 1,900 0 0 30 March, 1917. Finance (1916) 4A-por-cont. Debentures, due 1 September, 1930 .. ., ' .. .. .. 3,500 0 0 3 July, 1916. Palmerston North Borough 5-per-cent. Debentures, due 20 August, 1922 .. .. .. .. .. 2,900 0 0 30 October, 1916. Waverley Town Board 5-per-oent. Debentures, due 1 October, 1956 .. .. .. .. .. 220 0 0 9,670 0 0 c. Carried forward 39,097 16 6 f.

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

RECEIPTS, £ s. d. £ s, d. \ Brought forward .. .. .. .. .. ) Westport Harbour Board— conwvued. Loan of £500,000— continued. Interest on Investments — continued. On £9,225, Government Railways 4-per-oont. Debentures, one yoar to 1 January, 1917 ,,£300, Government Railways 4-per-oent. Dobcufurcs, one yoar to 1 February, 1917 .. ' .. .. .. .. „ £2,550, Hutt Railway and Road 4-per-cent. Debentures, one year to 1 February," 1917 .. „ £5,200, New Zealand 4-per-cent. Consols, one year to 1 February, 1917 „ £1,600. Hauraki Plains Amendment 4-per-oent. Debentures, to 1 February, 1917 „ £3,180, Palmerston North Borough 5-per-oent. Debentures, period to 1 February, 1917 .. .. .. .. S,775 8 4 369 0 0 12 0 0 102 0 0 208 0 0 04 0 0 106 15 3 29,659 5 3 ... . ,„ ,,,,,, -. .- 9,637 3 7 GBEXMOUTH Harbour Board :— Contribution to Sinking Fund for one year to 1 March, 1916 .. .. I Debentures matured and sold .. .. .. .. £ Interest on Investments, — On £2,330, Irrigation and Water-supply 4-per-cont. Debentures, ono year to 1 October, 1916 „ £5,040. Waverley Town Board 5-per-cent. Debentures, period to 1 October, 1916 „ £500, Immigration and Public Works Loan 4£-per-cent. Debentures, one yoar to 15 October, 1916 .. .. .. ■ „ £3,180, Land for Settlements 4-per-eent. Debentures, one year to 1 November, 1916 .. .. .. .. .. „ £1,300, Borough of Tauranga 5-per-cent. Debentures, period to I 16 November, 1916 .. .. .. .. .. j „ £120, Appropriation 4-per-cent. Debentures, one year to 1 November, 1916 „ £40, Borough of Brunner 0-per-cent. Debentures, eighteen months to 9 November, 1916 „ £3,1.00, General Purposes Loan 4-per-cent. Debentures, one year to 28 November, 1916 .. „ £930, Aid to Public Works and Land Settlement (1902) 4-per-oent. Debentures, one year to 1 December, 1916 .. .. .. I „ £1,020, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, ono year to 1 December, 1916 ,, £500, Defence and Other Purposes Loan 4-per-cent. Debentures, one year to 1 January, 1917 „ £3,350, Aid to Public Works and Land Settlement (1903), 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. „ £8,015, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. .. .. „ £1,390, New Zealand State-guaranteed Advances 4-per-cent. Debentures, one year to 1 January, 1917 „ £500, Hutt Railway and Road Improvement 4-per-eent. Debentures, one year to 1 January, 1917 „ £2,960, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1917 „ £700, County of Tauranga 5-per-oent. Debentures, one year to 1 January, 1917 .. .. .. .. .. „ £7,350, Government Railways 4-per-eent. Debentures, one year to ; 1 January, 1.917 .. .. .. .. .. „ £1,030, Government Railways 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. .. ! „ £820, Hutt Railway and Road 4-per-cent. Debentures, ono year to 1 February, 1917 .. ■ „ £1,930, Land for Settlements 4-per-cent. Debentures, one year to 1 February, 1917 „ £1,580, New Zealand State-guaranteed Advances 4-per-cent. Debentures, period to 1 February, 1917 .. .. „ £2,210, New Zealand 4-per-oent. Consols, one year to 1 February, .1917 „ £1,630, Palmerston North Borough 5-por-cent. Debentures, one year to 20 February, 1917 .. „ £6,250, Consolidated Stock 4-por-eont. Debentures, period to 81 December, 1916 „ £1,900, Hauraki Plains Settlement 4-per-cent. Debentures, one year to 1 February, 1917 .. .. .. .. .. „ £1,000, Local Bodies' Loans 4-per-cent. Debentures, one year.to 1 Maroh, 1917 „ £2,420, Patea Borough 4|-por-cent. Debentures, half-year to I September, 1916 .. .. • .. „ £3,700, Land Laws Amendment 4-pei'-cenfc. Debentures, one year to 1 February, 1917 „ Daily balances 1,000 0 0 2,240 0 0 88 0 0 225 0 2 22 II) 0 110 8 0 56 13 6 2 8 0 2 8 0124 0 0 37 4 0 51 0 (I 20 0 0 134 0 0 289 .11 10 55 12 0 20 0 0 118 8 0 35 0 0 242 16 0 39 4 0 32 10 0 74 12 0 03 I 0 88 8 0 71 16 8 250 (I 0 76 0 0 40 0 0 54 0 0 148 0 0 2 10 7 ' I 1,000 0 0 2,240 0 0 88 0 0 225 0 2 22 II) 0 110 8 0 56 13 6 2 8 0 2 8 0124 0 0 37 4 0 51 0 n 20 0 0 134 0 0 289 11 10 55 12 0 20 0 0 118 8 0 35 0 0 242 16 0 39 4 0 32 10 0 74 12 0 I 03 I 0 88 8 0 71 16 8 250 (I 0 76 0 0 40 0 0 54 0 0 148 0 0 i 2 10 7 ' ! 5,824 16 9 I ' i 45,121 5 7 Carried forward ■

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For the Year ended 31st March, 1917.

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DISBURSEMENTS. £ s. d. £, s. d. Brought forward .. .. .. .. .. .. 39,097 16 6 GitEYMOUTir Harbour Board: — Investments, — 30 Ootober, 1916. Waverley Town Board 5-per-cent. Debentures, due 1 Ootober, 1956 .. .. .. .. .. 400 0 0 1 August, 1916. Land for Settlements 4-per-cent. Debentures, due 1 January, 1921 .. .. ... .. .. 1,120 0 0 23 July, 1916. Palmerston North Borough 5-per-cent. Debentures, due 20 August, 1922 .. .. .. .. .. i,100 0 0 1 January, 1917. Government Railways 4-per-cont. Debentures, duo I January 1918 and 1919 .. .. .. .. 1,140 o n 30 Maroh, 1917. Finance (1916) l.i-per-cont. Debentures, due I September, 1930 .. .. .. .. .. 800 0 0 15 November, 1916. Securities taken over from Tauranga Borough Council .. .. .. .. .. .. .. 1,300 (I 0 5,800 0 0 ! I I i I ■ Carried forward .. .. .. .. .. .. 44,957 16 6

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 45,121 5 7 Borough of Tauranga:— Interest on Investments, — On £130, Irrigation and Water-supply 4-per-cent. Debentures, one year to 1 October, 1916 „ £190, Waverley Town Board 5-per-oent. Debentures, period to 1 October, 1916 „ £420, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1916 „ £40, Borough of Brunner 6-per-cent. Debentures, half - year to 9 May, 1916 „ £130, General Purposes Loan 4-per-cent. Debentures, half-year to 28 May, 1916 „ £90, Aid to Public Works and Land Settlement (1902) 4-per-cent. Debentures, half-year to 1 June, 1916 „ £70, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, half-year to 1 June, 1916 „ £150, Aid to Public Works and Land Settlement (1903) 4-per-cent. Debentures, half-year to 1 July, 1916 „ £350, Land for Settlements 4-per-cent. Debentures, half-year to 1 July, 1916 „ £10, Westport Harbour Board 4-per-cent. Debentures, half-year to 1 July, 1916 „ £110, New Zealand State-guaranteed Advances 4-per-cent. Debentures, half-year to 1 July, 1916 .. „ £280, Government Railways 4-per-oent. Debentures, half-year to 1 July, 1910 „ £100, Government Railways 4-per-oent. Debentures, half-year to 1 August, 1916 .. ' „ £145, New Zealand 4-per-eent. Consols, half-year to 1 August, 1916.. „ £130, Land for Settlements 4-per-cent. Debentures, half - year to 1 August, 1916 „ £405, Land Laws Amendment 4-per-cent. Debentures, half-year to 1 August, 1916 „ £20, New Zealand State-guaranteed Advances 4-per-cent. Debentures, half-year to 1 August, 1916 „ £290, Consolidated Stock 4-per-cent. Debentures, half - year to 30 June, 1916 .. ' .. „ £20, Patea Borough 4r x -per-cent. Debentures, half-year to 1 September, 1916 „ £60, Appropriation 4-per-oent. Debentures, one year to 1 November, 191G Balance to extinguish loan 5 4 0 9 8 2 i 16 16 0 14 0 2 12 0 1 10 0 1 15 0 3 0 0 7 0 0 0 4 0 2 4 0 5 12 0 2 0 0 2 18 0 2 12 0 8 2 0 0 8 0 5 10 0 0 9 0 2 8 0 0 1 9 87 9 1.1 Borough op Brunner:— Contribution to Sinking Fund for period to 9 November, 1916 Debentures matured and renewod as per contra Interest on Investments, — On £40, Irrigation and Water-supply 4-per-eent. Debentures, one yoar to 1 Ootober, 1916 „ £1.25, Waverley Town Board 5-per-cent. Debentures, period to 1 Ootobor, 1916 „ £110, Land for Settlements 4-per-oent. Debentures, one year to 1 November, 1916 „ £20, Borough of Tauranga 5-per-cent. Debentures, poriod to 15 November, 1916 „ £40, Appropriation 4-per-cent. Debentures, ono yoar to 1 November, 1916 .. „ £40, General Purposos Loan 4-per-cont. Debentures, one year to 28 November, 1916 „ £20, Aid to Public Works and Land Settlement (1902) 4-per-cent. Debentures, one year to 1 December, 1916 .. „ £20, Waimakariri-Ashley Water-supply Board 5-per-cent. Debentures, one year to 1 December, 1916 „ £185, Land for Settlements 4-per-cent. Debentures, one year to 1 January, 1917 „ £25, Aid to Public Works and Land Settlement (1903) 4-per-cent. Debentures, ono year to 1 January, 19.17 „ £30, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1917 „ £45, Palmerston North Borough 5-per-cent. Debentures, one year to 1 February, 1917 .. ,/ £140, Government Railways 4-per-oent. Debentures, one year to 1 January, 1917 30 0 0 50 0 0 1 12 0 6 3 7 4RO 0 10 2 I 12 0 1 12 0 0 10 0 1 0 (I 7 8 0 1 0 0 1 4 0 2 7 5 4 0 0 Carried forward 113 19 2 45,208 15 6 j

9

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For the Year ended 31st March, 1917.

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DISBURSEMENTS. £ s. d. £ s. d. I j Brought forward 44,957 16 0 Borough of Tauranga :— Repayment to cestuis que trust 90 0 0 I Borough of Brunner: — Investments, — 12 September, 1916. Land for Settlements Act 4-per-cent. Debentures, due 1 August, 1920 20 July, 1916. Palmerston North Borough 5per-cent. Debentures, due 20 August, 1922 1 January, 1917. Governmont Railways Amendment Act I-per cent. Debentures, due 1 January, 1919 .. .. .. IS Novomber, 1916. Securities taken over from Tauranga Borough .. 4 f: J 40 0 0 30 0 0 4i 3( ■i( 2( 0 0 ;0 o .0 o 10 0 0 0 0' 0 10 0 0 20 O 0 130 0 0 Carried forward .. 45,177 16 6

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10

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

RECEIPTS. £ s. d. £ s. d. Brought forward 113 19 2 45,208 15 0 Borough of Brunner— continued. Interest on Investments— continued. On £35, New Zealand State-guaranteed Advances 4 per-cont. Debentures, one year to 1 January, 1917 „ £70, Government Railways 4-per-cent. Debentures, one year to 1 February, 1917 „ £95, Land for Settlements 4-per-cent. Debentures, to 1 Fobruary, 1917 „ £75, Land Laws Amendment 4-per-cent. Debentures, one year to 1 February, 1917 „ £40, New Zealand State-guaranteed Advances 4-per-cent. Deben- j tures, one year to 1 February, 1917 .. .. .. I „ £45, New Zealand 4-per-oent. Consols, one year to 1 February, 1917 j „ £100, Consolidated Stock 4-per-oent. Debentures, one year to 31 December, 1916 „ £60, Patea Borough 44-percent. Debentures, half-year to 1 September, 1916 .. 18 0 2 16 0 2 16 4 3 0 0 14 0 1 16 0 4 0 0 17 0 132 0 6 County of Tauranga :— Contribution to Sinking Fund for one year to 1 January, 1917 Interest on Investments, — On £20, Irrigation and Water-supplv 4-per-cent. Debentures, one year to 1 October, 1916 „ £175, Waverley Town Board 5-per-oent. Debentures, one year to 1 Ootober, 1916 „ £110, Land for Settlements 4-per-cent. Debentures, one year to 1 November, 1916 „ £70, Appropriation 4-per-eent. Debentures, one year to 1 November, 1916 .. .. .. .. .. .. j „ £30, General Purposes Loan 4-per-cent. Debentures, one year to 28 November, 1916 „ £95, Aid to Public Works and Laud Settlement (1903) 4-per-cent. Debentures, one year to 1 January, 1917 „ £80, Westport Harbour Board 4-per-cent. Debentures, one year to 1 January, 1917 „ £60, New Zoaland State-guaranteed Advances 4-per-cent. Debentures, one year to 1 January, 1917 .. .. .. j „ £50, County of Tauranga 5-per-cent. Debentures, one year to 1 January, 1917 „ £220, Land for Settlements 4-per-oent. Debentures, one year to 1 January, 1917 .. .. .. .. .. ; „ £185, Government Railways 4-per-oent. Debentures, one yoar to ; 1 January, 1917 .. .. .. .. .. [ „ £130, Government Railways 4-per-cent. Debentures, one year to 1 February, 1917 „ £50, Land for Settlements 4-per-cent. Debentures, to 1 February, 1917 „ £120, Land Laws Amendment 4-per-cent. Debentures, one year to 1 February, 1917 „ £60, New Zealand State-guaranteed Advances 4-per-oent. Debentures, one year to 1 February, 1917 „ £30, New Zealand 4-per-cent. Consols, one year to 1 February, 1917 „ £150, Consolidated Stook 4-per-cent. Debentures, one year to 31 Docember, 1916 .. .. .. .. .. „ £40, Patea Borough H-per-eonl. Debentures, half-year to 1 September, 1916 40 0 0 0 16 0 8 11 7 4 8 0 2 16 0 1 4 0 3 16 0 3 4 0 2 8 0 2 10 0 8 16 0 4 4 0 5 4 0 1 10 0 4 16 0 2 S 0 1 I 0 6 0 0 0 18 0 101 13 7 Borough of Patea:— Contribution to Sinking Fund to 1 Septonibor, 1916 Interest on Investments, — On £50, Waverley Town Board 5 per-oent. Debentures, period to 1 October, 1916 „ £15, Land for Settl.Dments 4-per-cent. Debentures, period to 1 February, 1917 . . .. .. .. .. ! 25 0 0 2 9 8 0 4 7 25 0 0 2 9 8 0 4 7 27 14 3 Town Board of Waverley :— Loan of £13,420,— Contribution to Sinking Fund to 1 October, 1916 Interest on Investments,— On £140, Waverley Town Board 5-per-oent. Debentures, period to 1 Ootober, 1916 „ £70, Land for Settlemants 4-per-cent. Debentures, period to 1 February, 1917 .. .. .. .. .. .. „ £70 Government Railways 4-per-cent. Debentures, period to 1 February, 1917 134 4 0 6 9 2 18 0 2 16 0 134 4 0 6 9 2 18 0 2 16 0 144 1.7 2 Loan of £4,780,— Contribution to Sinking Fund to 1 Ootober, 1916 31 1 9 Total .. £45,649 8 9

B.—B,

11

For the Year ended 31st March, 1917.

3—B. 8.

I DISBURSEMENTS. £ s. d. £ s. d. J Brought forward .. 45,177 16 6 * County of Tauranga : — Investments,— 1 August, 1916. Land for Settlements 4-per-cent. Debentures, due 1 August, 1920 1 January, 1917. Government Railways Amendment Aot 4-per-oent. Debentures, due 1 January, 1919.. .. 25 0 0 80 0 0 105 0 0 ' Borough of Patea :— Investments, — 14 September, 1916. Land for Settlements 4-per-cent. Debentures, due 1 August, 1920 1 January, 1917. Government Railways 4-per-cent. Debentures, due 1 January, 1919 15 0 0 10 0 0 25 0 0 Town Board of Waverley :— Investments, — Loan of £13,420— 1 August, 1916. Land for Settlements 4-per-cent. Debentures, due 1 August, 1920 .. .. .. 1 February, 1917. New Zealand 4-per-cont. Consols, due 1 February, 1925 70 0 0 70 0 0 Loan of £4,780— 1 February, 1917. New Zealand 4-per-cent. Consols, due 1 February, 1925 .. .. .. ,.' .. 140 0 0 30 0 0 Balance, 31st Maroh, 1917 :— Cash in bank 171 12 3 Total ... £45,649 8 9

B.—B

12

STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1917.

ED CD Loans in respect of which the Funds abe held. When • f Securities i a ; are redeemable. ° CD £150,000. -Vestp port Harbour ] £200,000. Board d. £500,000. Greyniouth — Harbour Board, £100,000. Borough of Brunner, £1,500. Countv Borough oi of Tauranga. Patea, £2,000. £5,000, I Town Board of Waverley. Totals. Securities. Westport Harbour Board. - H £13,420. £4,780. New Zealand Government Debentures — % £ s. d. £ s. d. £ s. d. £ s. d. ! £ s. d. £ s. d. £ s. d. £ s. d £ s. d. £ s. d. Appropriation Act, 1912 (Irrigation and Water- 1 Nov., 1919 1 4 870 0 0 1,040 0 0 2,860 0 0 120 0 0 j 40 0 0 70 0 0 .. .. .. 5,000 0 C supply Account) Finance Act, 1915 .. .. .. .. 15 Dec, 1930 ; 4J 2,210 0 0 1,090 0 0 2,700 0 0 .. .. .. .. .. .. 6,000 0 0 Finance Act, 1916 (section 35) .. .. 1 Sept., 1930 | 4£ 2,500 0 0 1,200 0 0 0 0 800 0 0 .. .. .. .. .. 8,000 0 0 Government Railways Amendment Act, 1910 .. 1 Jan., 1918 4 2.140. 0 0 1,080 0 0 2,860 0 0 j 2,065 0 0 35 0 0 20 0 0 .. .. .. 8,200 0 0 .. Uan., 1919 4 4,355 0 0 2,215 0 0 5,865 0 0 | 3,685 0 0 105 0 0 165 0 0 10 0 0 .. .. 16,400 0 0 „ .. 1 Jan., 1920 4 1,600 0 0 300 0 0 500 0 0 1,600 0 0 .. .. .. .. .. 4,000 0 0 „ .. 1 Feb., 1922 4 1,350 0 0 50 0 0 300 0 0 i 1,030 0 0 70 0 0 130 0 0 .. 70 0 0 .. 3,000 0 0 Hauraki Plains Amendment Act, 1913 .. .. 1 Feb., 1919 4 .. 500 0 0 1,600 0 0 1,900 0 0.. .. .. .'. .. 4,000 0 0 Hutt Railway and Road Improvement Act, 1907 1 Jan., 1922 ] 4 1,000 0 0! .. 2,500 0 0 500 0 0 .. .. .. .. .. 4,000 0 Q Hutt Railway and Road Improvement Act, 1910 1 Feb.. 1922 4 330 0 0 1,000 0 0 2,550 0 0 ' 820 0 0 .. .. .. .. .. 5,200 0 0 Irrigation and Water-supply Act, 1913 .. .. 1 Oct., 1918 4 2,000 0 0 1,000 0 0 210 0 0 , 1,730 0 0 , 40 0 0 20 0 0 .. .. .. 5,000 0 0 lOct., 1919 4 . 1,400 0 0 400 0 0 2,700 0 0 600 0 0 .. .. .. .. .. 5,100 0 0 Kauri-gum Industry Amendment Act. 1914 .. 1 Nov., 1919 4 800 0 0 1.200 0 0 3.000 0 0 .. .. .. .. .. .. 5,000 0 0 Land Laws Amendment Act, 1913 .. .. 1 Feb.. 1920 4 5,905 0 0 .. .. 3,700 0 0 I 75 0 0 120 0 0 .. .. .. 9,800 0 0 Land for Settlements Act, 1908 .. .. Uan., 1918 4 5,220 0 0 .. .. 3.8,30 0 0 j 75 0 0 75 0 0 .. -. .. 9,200 0 0 .... lAug., 1920 4 2.740 0 0 100 0 0 300 0 0 1,930 0 0 95 0 0 50 0 0 15 0 0 70 0 0 .. 5,300 0 0 - „ .. .. Uan., 1921.4 3,830 0 0 1,000 0 0 2,640 0 0 3,825 0 0 I 110 0 0 95 0 0 .. .. .. 11,500 0 0 1 May, 1921 4 4,200 0 0 .. 1,900 0 0 • 3,180 0 0 110 0 0 110 0 0 .. ., .. 9,500 0 0 .. j Uan., 1924 4 670 0 0 180 0 0 . 210 0 0 390 0 0 .. 50 0 0 .. .. .. 1,500 0 0 Local Bodies' Loans Act, 1908.. .. .. 1 Sept., 1919 4 2,000 0 0 .. .. 1,000 0 0 .. .. .. .. .. 3,000 0 0 New Zealand Consols Act, 1908 .. .. 1 Feb., 1925 4 ' 3,825 0 0 2,090 0 0 ; 5,200 0 0 I 2,210 0 0 45 0 0 30 0 0 .. 70 0 0 30 0 0 13,500 0 0 New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1902 1 Dec, 1922 4 1,690 0 0 .. 360 0 0 ' 930 0 0 20 0 0 .. .. .. .. 3,000 0 0 1903 Uan.. 1921 4 5,280 0 0 .. 3,750 0 0 3,350 0 0 25 0 0 95 0 0 .. .. .. 12,500 0 0 Consolidated Stock Act, 1884 .. ..31 Dec, 1919 4 10,090 0 oi 910 0 0 , .. 6,250 0 0 100 0 0 150 0 0 .. .. .. 17,500 0 0 Defence and Other Purposes Loan Act, 1870 .. 1 July, 1917 4 1,400 0 0 .. .. 500 0 0 .. .. .. .. .. 1,900 0 0 General Purposes Loan Act, 1873 .. .. 28 Nov., 1919 4 3,730 0 0' .. 12.800 0 0 3,100 0 0 40 0 0 30 0 0 I .. .. .. 9,700 0 0 Immigration and Public Works Loan Act, 1870 15 April, 1920 4J 1,600 0 0 .. .. 500 0 0.. .. .. '.. .. 2,100 0 0 New Zealand State-guaranteed Advances Acts, 1909, 1910— Land for Settlements Branch .. .. 1 Jan., 1919: 4 3,715 0 0 .. .. 1,390 0 0 35 0 0 60 0 0 .. .. .. 5,200 0 0 .. 1 Feb., 1919 4 1,320 0 0 .. .. 1,580 0 0 40 0 0 j 60 0 0 .. .. .. 3,000 0 0 Local Authorities' Debentures — Brunner Borough .. .. .. .. 9 May, 1917 6 470 0 0 990 0 0 .. 40 0 0 .. .. .. .. .. 1,500 0 0 Palmerston North Borough .. .. .. 20 Aug., 1922 5 775 0 0 .. 280 0 0 530 0 0 15 0 0 .. .. .. .. 1.600 0 0 .. 20 Aug., 1922 5 530 0 0 .. .. 300 0 0 • 30 0 0 .. .. .. .. 860 0 0 .. 20 Aug., 1922, 5 1,500 0 0 150 0 0 2.900 0 0 300 0 0 r .. .. .. .. .. 5,350 0 0 Patea Borough .. .. .. .. 1 Sept., 1953 ! 4J 2,480 0 0 .. .. 2,420 0 0 60 0 0 40 0 0 .. .. .. 5,000 0 0 Tauranga County .. .. .. .. Uan., 1919, 5 1,250 0 0 .. .. 700 0 0 50 0 0 .. .. .. 2,000 0 0 Waimakariri-Ashley Water-supply Board .. *1 June, 1916! 5 1,160 0 0 .. .. 1,020 0 0 20 0 0 .. .. .. .. 2,200 0 0 Waverley Town Board .. .. .. 1 April, 1955 5 : 3,560 0 0, 1.600 0 0 5,000 0 0 3,030 0 0 70 0 0 70 0 0 20 0 0 70 0 0 .. 13,420 0 0 .. 1 Oct., 1956, 5 1.960 0 0 330 0 0 220 0 0 2,010 0 0 55 0 0 105 0 0 30 0 0 70 0 0 .. 4,780 0 0 Westport Harbour Board .. .. .. 1 Jan., 1949 4 | 7,430 0 0 .. .. 2,960 0 0 ' 30 0 0 SO 0 C .. .. .. 10,500 0 0 . £ s. d £ s. d. £ s. d. 5,000 0 0 6,000- 0 0 8,000 0 0 8,200 0 0 I .. .. 16,400 0 0 4,000 0 0 70 0 0 .. 3,000 0 0 4,000 0 0 4,000 0 Q 5,200 0 0 5,000 0 0 5,100 0 0 5,000 0 0 9,800 0 0 9.200 0 0 70 0 0 .. 5,300 0 0 11,500 0 0 9,500 0 0 1,500 0 0 3,000 0 0 70 0 0: 30 0 0 13,500 0 0 3,000 0 0 12,500 0 0 17,500 0 0 1,900 0 0 9,700 0 0 2,100 0 0 5,200 0 0 3,000 0 0 i 1,500 0 0 1.600 0 0 860 0 0 5,350 0 0 5,000 0 0 2,000 0 0 2,200 0 0 70 0 0 .. 13,420 0 0 70 0 0 .. 4,780 0 0 10,500 0 0 99,385 0 0 18,425 0 0 56,705 0 0 66,325 0 0 '1340 0 0 1675 0 0 75 0 0350 0 0 30 0 0244,310 0 0 Cash in Bank of New Zealand .. .. .. .. .. 36 5 1 79 0 11 18 9 10 18 18 3 6 5 10 2 4 6 3 13 % 5 12 11 1 1 9 171 12 3 Totals .. .. , .. 99,421 5 1 ' 18,504 0 11 156,723 9 10 .66,343 18 3 1346 5 10 jl677 4 6 78 13 2355 12 11 31 1 9:244,481 12 3 78 13 2355 12 11 31 1 9 244,481 12 3 * Outstanding 31st March, 1917. P. Purvis Webb, Secretary and Accountant to the Commissioners.

13

B.—B

STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1917.

STATEMENT of the Expenses incurred during the Year ended 31st March, 1917. £ s. d. Secretary's salary .. .. .. .. .. .. 50 0 0 Audit fee .. .. .. .. .. .. ..220 fis2 2 0 P. Puitvis Webb, Secretary and Accountant to the Commissioners. Examined and found correct. T. H. -Jones, A.1.A.N.Z., Registered Accountant.

Approximate Cost of Paper. -Preparation, not given ; printing (650 copies), £15.

By Authority : Marcus F. Marks, Government Printer, Wellington.— l9l7.

Price tid.\

| I ! When redeemable. | £ Per Cent. I £ s. d. Westport Harbour Board Loan .. .. 150,000 1 1'March, 1925 .. 99,421 5 1 Westport Harbour Board Loan .. .. 200,000 1 1945 .. .. .. 18,504 0 11 Westport Harbour Board Loan .. .. 500,000 1 1 January, 1949 .. 56,723 9 10 Greymouth Harbour Board Loan .. .. 100,000 1 1 March, 1925 .. 66,343 18 3 Borough of Brunner .. .. .. 1,500 2 9 May, 1917 .. .. 1,346 5 10 County of Taurariga .. .. .. 2,000 2 1 January, 1919 .. 1,677 4 6 Patea Borough .. .. .. .. 5,000 J 1 September, 1953 .. 78 13 2 Waverley Town Board .. .. .. 13,420 1 1 April, 1955 .. .. 355 12 11 Waverley Town Board .. .. .. 4,780 1 1 October, 1956 .. ! 31 1 9 £976,700 ' .. j £244,481 12 3