LOANS IN RESPECT OF WHICH DISCOUNT AMOUNTING TO £400,510, DUE TO THE IMPERIAL GOVERNMENT, WAS BROUGHT TO CHARGE DURING THE FINANCIAL YEAR 1918-19 (STATEMENT SHOWING).

Appendix to the Journals of the House of Representatives, 1919 Session I, B-14a

8.—14 a

1919. NEW ZEALAND.

LOANS IN RESPECT OF WHICH DISCOUNT AMOUNTING TO £400,510, DUE TO THE IMPERIAL GOVERNMENT, WAS BROUGHT TO CHARGE DURING THE FINANCIAL YEAR 1918-19 (STATEMENT SHOWING).

Laid on the Table of the House of Representatives by Leave.

Statement showing Loans in respect of which Discount amounting to £400,510, due to the Imperial Government, was brought to Charge during the Financial Year 1918-19. Public Revenues Amendment Act, 1915 (section 5) — £10,000,000 Loan : — £4,000,000: £1,600,000 to remain at par ; £2,400,000 repayable at £105 ss. 3d. £ £ for each £100 advanced, the discount being .. .. 126,300 £710,000 : Repayable at £100 for each £95 advanced, the discount being .. 37,368 163,668 Finance Act, 1916 (section 35) —£16,000,000 Loan :— £4,500,000: Repayable £100 for each £95 advanced, the discount being .. .. 236,842 £400,510 The advances on which these charges and expenses have been brought to charge in the financial year 1918-19 were received from the Imperial Government at par —viz., £4,000,000, £710,000, and £4,500,000 respectively —and appeared so in the public accounts until information was received from the High Commissioner that owing to the conversion of 5-per-cent. Exchequer bonds (by which the money was raised, and from which the above advances were made to the Dominion by the Imperial Government) into the 5-per-cent. War Loan the capital liability would be as above. G. F. C. Campbell, The Treasury, Wellington, 15th September, 1919. Secretary to the Treasury,

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Authority : Marcos F. Marks, Government Printer, Wellington. -1919.

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