SINKING FUNDS.

Appendix to the Journals of the House of Representatives, 1928 Session I, B-08

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1928. NEW ZEALAND.

SINKING FUNDS.

REPORT AND ACCOUNTS OF THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1928.

Presented to both Houses of the General Assembly in compliance with the 51st Section of the New Zealand Loans Act, 1908.

REPORT. Wellington, 20th August, 1928. The Commissioners of the Public Debts Sinking Funds have the honour, in terms of section 51, New Zealand Loans Act, 1908, to lay before Parliament the account of their transactions for the year ended 31st March, 1928. Nothing in the proceedings of the year has occurred which calls for special remark by the Commissioners. Chas. E. Statham, 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. d. 1 £ s. d. Westpokt Harbour Board. Loan of £200,000 Balance, 1st April, 1927 —Cash at bank .. .. . . .. .. 7 16 1 Contribution to Sinking Fund for one year to 1st March, 1928, per Treasury 2,000 0 0 Interest on Investments, — Waverley Town Board .. .. .. .. .. .. 204 15 0 Land for Settlements Act, 1908 .. .. .. .. .. 45 0 0 Oxford County Council .. .. .. .. .. .. 63 0 0 New Zealand Inscribed Stock Act, 1917 ; Finance Act, 1919, sec. 5 ; Railways Improvement Authorization Act, 1914; and Electric-power Works Loan Act, 1919 .. .. .. .. .. .. 163 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1921, sec. 10 (Public Works) .. .. . ■ .. .. .. 65 7 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Acts, 1917-20 .. . . .. .. .. 68 9 6 New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913 — Advances to settlers .. .. .. .. .. .. 723 5 0 Advances to workers .. .. .. .. .. .. 379 19 5 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15— Electric-power works .. .. .. .. .. .. 38 10 0 Public works .. .. .. .. .. .. .. 105 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. . . .. .. 315 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, sec. 6 .. .. .. .. .. .. 90 0 0 Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. 240 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments .. 8 0 0 Hauraki Plains Act, 1926 .. .. .. . . .. .. 103 10 0 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, 1910 .. 90 0 0 Government Railways Amendment Act, 1910 .. .. .. 51 15 0 Interest on Current Account, Bank of New Zealand .. .. .. 0 18 6 4,755 9 5 Debentures matured and redeemed, — Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. 12,000 0 0 12,000 0 0 Loan of £500,000 :— Balance, 1st April, 1927—Cash at bank .. .. . .. .. 189 5 j 3 Contribution to Sinking Fund for one year to 1st March, 1928, per Treasury 5,000 0 0 Interest on Investments, — Waverley Town Board .. .. .. .. .. .. 705 5 0 Immigration and Public Works Loan Act, 1870 .. .. .. 84 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments .. 72 0 0 Land for Settlements Act, 1908 .. .. .. .. .. 193 10 0 Oxford County Council .. .. .. .. .. .. 52 10 0 Westport Harbour Act, 1920, Westport Harbour Board Act, 1884, and Loans Acts, 1896, 1897, and 1900.. .. .. .. .. 420 0 0 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907. 1910 .. 324 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1921, sec. 10 (Public Works) .. .. .. .. .. .. 160 17 4 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1920 .. .. ... .. .. .. 308 5 6 New Zealand Inscribed Stock Act, 1917 ; Railways Improvement Authorization Act, 1914 ; Electric-power Works Loan Act, 1919 ; Finance Act, 1919, sec. 5 .. .. .. .. .. .. .. 469 10 0 New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913— Advances to settlers .. .. .. .. .. .. 1,377 15 0 Advances to workers .. .. .. .. .. .. 914 10 10 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15—■ Electric-power works .. .. .. .. .. .. 85 5 0 Public .works .. .. .. .. .. .. .. 375 7 6 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. .. .. .. .. 736 6 3 Government Railways Amendment Act, 1910 .. .. .. 83 5 0 Hauraki Plains Act, 1926 .. .. .. .. .. .. 324 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, sec. 6 .. .. .. .. .. .. .. 22 10 0 Patea Borough .. .. .. .. .. .. .. 225 0 0 Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. 561 0 0 Interest on current account, Bank of New Zealand .. .. .. 2 19 7 12,497 17 0 Debentures matured and redeemed, — j> Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. 28,050 0 0 28,050 0 0 £57,500 7 9

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For the Year ended 31st March, 1928.

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DISBURSEMENTS. | £ s, d. £ s. d. i | Wksti'Ort Harbour Board. Loan of £200,000 :— Investments, — New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913 — Advances to workers .. .. .. .. .. .. 4,750 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. .. .. .. 12,000 0 0 — 16,750 0 0 ' | Loan of £500,000: — Investments, — New Zealand Inscribed Stock Act, 1917, "and State^Advances Act, 1913 — Advances to workers .. .. .. .. .. .. 12,650 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged|Soldiers Settlement Loans Act, 1919, sec. 4 .. .. .. .. .. 28,050 0 0 40.700 0 0 I " 1 i Balance, 31st March, 1928, —- Cash in Bank of New Zealand .. .. .. .. .. j .. 50 7 9 £57,500 7 9

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STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1928.

J. H. Fowler, Secretary and Accountant to the Commissioners.

STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1928.

STATEMENT of the Expenses incurred during the Year ended 31st March, 192 . £ s. d. Audit fee .. .. .. .. .. .. ..220 J. H. Fowler, Secretary and Accountant to the Commissioners. Examined and found correct. H. M. Nalder. Chief Examiner, Audit Office.

Approximate Cost o] raptr.—Preparation, not given; printing (465 copies), £0 15s.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l92B.

Price 3d.]

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+3 Loans in respect of which the o Funds are held. When g Securities. Securities £ Westport Harbour Board. Totals. redeemable. <=> | £200,000. £500,000. 15th Feb., 1945. I 1st Jan., 1949. New Zealand Government Debentures and Stock — % £ s. d. £ s. d. £ s. d. Government Railways Amendment Act, 1910 .. .. 1 Feb., 1929 41 1,150 0 0 1,850 0 0 3,000 0 0 Hauraki Plains Act, 1926 .. .. .. .. 1 Aug., 1928 4J 2,300 0 0 7,200 0 0 9,500 0 0 Hutt Railway and Road Improvement Acts, 1903, 1905, f 1 Jan., 1929 4£ 800 0 0 3,200 0 0 4,000 0 0 1907,1910 .. .. .. ... .. \l Feb., 1929 4J 1,200 0 0 4,000 0 0 5,200 0 0 Immigration and Public Works Loan Act, 1870 .. .. 1 Feb., 1930 4 .. 2,100 0 0 2,100 0 0 Land for Settlements Acts, 1908 .. .. .. 1 Jan., 1929 4J 1,000 0 0 4,300 0 0 5,300 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. 1 Sept., 1932 o{- 12,000 0 0 28,050 0 0 i 40,050 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1917-20 .. ..15 Jan., 1933 5J 1,245 0 0 5,605 0 0 6,850 0 0 New Zealand Inscribed Stock Act, 1917, Electric-power Works Loan Act, 1919, Finance Act, 1919, sec. 5, and Railways Improvement Authorization Act, 1914 .. 15 July, 1930 5 3,260 0 0 9,390 0 0 12,650 0 0 New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913, Advances to Settlers Branch .. .. 1 Feb., 1936 5£ 13,150 0 0 25,050 0 0 38,200 0 0 tvt -7 i jt 'ijot i a + inn + \ a f 1 Feb., 1936 5£ 4,600 0 0 10,400 0 0 15,000 0 0 JNew Zealand Inscribed Stock Act, 1917, and State Advances J . r ., , . 0 inn n n n orn n n - Am n n a j lftio aj a. wj i x> u 15 reb., 1 voZ 5£ 1, 100 0 0 5,850 0 0 7,950 0 0 Act, 1913, Advances to Workers Branch .. .. j^ 15 Aug. 1933 5| 3,850 0 0 9,950 0 0 13,800 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15— Electric power works .. .. .. .. 1 Feb., 1936 5£ 700 0 0 1,550 0 0 2,250 0 0 Public works .. .. .. .. .. 15 Feb., 1932 5J 2,000 0 0 7,150 0 0 9,150 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1921, sec. 10 (Public Works) .. .. ..15 Feb., 1932 5£ 1,300 0 0 3,200 0 0 4,500 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments .. .. .. .. .. 1 Mar., 1929 | 4 200 0 0 1,800 0 0 2,000 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, sec. 6 .. .. .. .. 1 Aug., 1930 1 4J 2,000 0 0 500 0 0 2,500 0 0 Westport Harbour Act, 1920, Westport Harbour Board Act, 1884, and Loan Acts, 1896, 1897, and 1900 .. .. 1 Jan., 1949 4 .. 10,500 0 0 10,500 0 0 Local Authorities' Debentures — Oxford County Council .. .. .. .. 1 Dec., 1940 ; 5£ 1,200 0 0 1,000 0 0 2,200 0 0 Waverley Town Board (1) .. .. .. .. 1 April, 1955 5 3,670 0 0 9,750 0 0 13,420 0 0 (2) .. .. ..1 Oct., 1956 | 5 425 0 0 4,355 0 0 4,780 0 0 Patea Borough .. .. .. .. .. 1 Sept., 1953 | 4J .. 5,000 0 0 5,000 0 0 58,150 0 0 1161,750 0 0 219,900 0 0 Cash in Bank of New Zealand .. .. .. .. .. .. 13 5 6 37 2 3 50 7 9 Totals .. .. .. .. .. .. 58,163 5 6 161,787 2 3 219,950 7 9

Loan,. 11 » When redeemable. S^S° da £ Per Cent. j £ e. d. Westport Harbour Board Loan .. .. 200,000 1 15 February, 1945 .. 88,163 5 6 Westport Harbour Board Loan .. .. j 500,000 1 1 January, 1949 .. j 161,787 2 3 £700,000 .. .. £219,950 7 9