B.—B
1929. NEW ZEALAND
SINKING FUNDS.
REPORT AND ACCOUNTS OF THE COMMISSIONERS OF THE PUBLIC DEBTS SINKING FUNDS FOR THE YEAR ENDED 31st MARCH, 1929.
Presented to both Houses of the General Assembly in compliance with the 51st Section of the New Zealand Loans Act, 1908.
REPORT. Wellington, 13th September, 1929. 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, 1929. Under section 13, Finance Act, 1928, the administration of the Sinking Funds of the Westport Harbour was vested in the Public Trustee and, acting under the authority of this section, the Commissioners on 2nd April, 1929, transferred to the Public Trustee securities to the amount of £238,450, together with £52 6s. 10d., the balance at credit of the current account at Bank of New Zealand. As these Sinking Funds were the only Funds remaining under the control of the Commissioners, there appears to be no necessity for the further existence of the Commissioners, and it is suggested that consideration should be given to the question of the repeal of sections 47-53, New Zealand Loans Act, 1908. Chas. E. Statham, Chairman.
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ACCOUNT of the RECEIPTS and DISBURSEMENTS of the For the Year ended
RECEIPTS. ! £ s. d. ! £ s. d. , { ■ ' j -^.: Westport Harbour Board. Loan of £200,000: — Balance, 1st April, 1928—Cash at bank .. . . .. .. .. 13 5 6 Contribution to Sinking Fund for one year to 1st March, 1929, 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) .. .. .. .. .. .. 68 5 0 New Zealand Inscribed Stock Act, 1917 ; Forests Act, 1921-22; and Finance Act, 1924, sec. 16 .. .. .. .. .. 11 13 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1920 .. . . .. .. . . .. 68 9 6 j New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913 — Advances to settlers . . .. .. .. .. .. 723 5 0 Advances to workers .. .. .. .. .. .. 569 4 4 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15—• Electric-power works .. .. .. .. .. .. 69 14 6 Public works .. .. .. .. .. .. .. 105 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. .. .. .. 630 0 0 New Zealand Inscribed Stock Act, 1917, and Main Highways Act, 1922 • • 98 8 4 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, sec. 6 .. .. .. .. .. .. 90 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments .. 8 0 0 Hauraki Plains Act, 1926 .. .. .. .. .. .. 51 15 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 .. .. .. 1 12 4 * 5,112 17 0 Debentures matured and redeemed, — Government Railways Amendment Act, 1910 .. .. .. 1,150 0 0 Hauraki Plains Act, 1926 .. .. .. .. .. .. 2,300 0 0 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, 1910 .. 2,000 0 0 Land for Settlements Act, 1908 .. .. .. .. .. 1,000 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments .. 200 0 0 6,650 0 0 Loan of £500,000: — Balance, 1st April, 1928—Cash at bank .. .. .. .. .. 37 2 3 Contribution to Sinking Fund for one year to 1st March, 1929, per Treasury 5,000 0 0 Interest on Investments, —• Waverley Town Board .. .. .. .. .. .. j 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, sac. 10 (Public Works) .. .. .. .. .. .. 168 0 0 New Zealand Inscribed Stock Act, 1917 ; Forests Act, 1921-22 ; and Finance Act, 1924, sec. 16 .. .. .. .. .. 48 10 11 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 .. .. .. .. .. .. 1,41145 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15— Electric-power works .. .. .. .. .. .. 166 18 5 , Public works .. .. .. .. .. .. .. 375 7 6 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. .. .. .. .. 1,472 12 6 New Zealand Inscribed Stock Act, 1917, and Main Highways Act, 1922 .. 293 18 11 Government Railways Amendment Act, 1910 .. .. .. 83 5 0 Hauraki Plains Act, 1926 .. .. .. .. .. .. 162 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, sec. 6 .. .. .. .. .. .. .. 22 10 0 Patea Borough .. .. .. .. .. .. .. 225 0 0 Interest on current account, Bank of New Zealand .. .. .. 2 18 11 13,439 2 1 Debentures matured and redeemed, — Government Railways Amendment Act, 1910 .. .. .. 1,850 0 0 Hauraki Plains Act, 1926 .. .. .. .. .. .. 7,200 0 0 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, 1910 .. 7,200 0 0 Land for Settlements Act, 1908 .. .. .. .. .. 4,300 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments .. 1,800 0 0 ! 22,350 0 0 £47,602 6 10
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COMMISSIONERS of the PUBLIC DEBTS SINKING FUNDS. 31st March, 1929.
DISBURSEMENTS. 1 £ s. d. £ s. d. Westport Harbour Board. Loan of £200,000 :— Investments, — New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913 — Advances to workers .. .. .. .. .. .. 3,650 0 0 New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913 (Advances to Settlers) .. .. .. .. .. .. 1,500 0 0 New Zealand Inscribed Stock Act, 1917, and Main Highways Act, 1922 3,500 0 0 ! New Zealand Inscribed Stock Act, 1917, Forests Act, 1921-22, and Finance Act, 1924, sec. 16 .. .. .. .. .. .. 1,800 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15 (Electric-power Works) .. .. .. .. .. .. 1,300 0 0 11,750 0 0 | I I I I I j J ' I . . Lean of £500,000 Investments, — New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1&13— Advances to workers .. .. .. .. .. .. 9,250 0 0 New Zealand Inscribed Stock Act, 1917, and State Advances Act, 1913 (Advances to Settlers) .. .. .. .. .. .. 5,200 0 0 New Zealand Inscribed Stock, Act, 1917, and Main Highways Act, 1922 .. 10,450 0 0 New Zealand Inscribed Stock Act, 1917, Forests Act, 1921-22, and Finance Act, 1924, sec. 16 .. .. .. .. .. .. 7,500 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1920, sec. 15 (Electric-power Works) .. .. .. .. .. .. 3,400 0 0 35,800 0 0 • ] j Balance, 31st March,|J 929, — J Cash in Bank of New Zealand .. .. .. .. .. I 52 6 10 ! £47,602 6 10
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4
STATEMENT of the Funds held by the Commissioners of the Public Debts Sinking Funds on the 31st March, 1929.
J. H. Fowler, Secretary and Accountant to tho Commissioners.
STATEMENT showing the Debentures of each Loan in Circulation, and the Sinking Fund accrued, on the 31st March, 1929.
STATEMENT of the Expenses incurred during the Year ended 31st March, 1929. £ 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 of Paper.—Preparation, not given; printing (465 copies), £6 15s.
Authority: W. A. G. Skinner, Government Printer, Wellington.—l 929.
Prise Zd.}
43 Loans in respect of which the © Funds are held. When _© Securities. Securities 5 Westport Harbour Board. Totals. redeemable. © ■§ £200,000. £500,000. pij 15th Feb., 1945. 1st Jan., 1949. I | ' ' I New Zealand' Government Debentures and Stock — % £ s. d. £ s. d. £ s. d. Immigration and Public Works Loan Act, 1870 .. .. 1 Feb., 1930 4 .. 2,100 0 0 2,100 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1919, sec. 4 .. .. 1 Sept., 1932 5J 12,000 0 0 28,050 0 0 40,050 0 0 New Zealand Inscribed Stock Act, 1917, and Discharged Soldiers Settlement Loans Act, 1920.. .. ..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 /15 Feb., 1937 5£ 1,500 0 0 5,200 0 0 6,700 0 0 Act, 1913, Advances to Settlers Branch .. .. \1 Feb., 1936 5J 13,150 0 0 25,050 0 0 38,200 0 0 •vr V 1 i qj, i a + mi n ,(!W A J I 1 Feb., 1936 5J 4,600 0 0 10,400 0 0 15,000 0 0 JNew Zealand inscribed Stock Act, 1917, and State Advances , r ,, . K f „ „ ,, - OKA A A n , 1KI . (1 * lniQ a j ±. -ktst i t» i reD., ly6Z Oi; Z.IUU U U 0,o0U U U / fVOU u u Act, 1913, Advances to Workers Branch .. .. ll5 Aug . 1933 5 J 7>500 0 0 19,200 0 0 26,700 0 0 New Zealand Inscribed Stock Act, 1917, and Finance Act, T15 Aug., 1933 5J 1,300 0 0 3,400 0 0 4,700 0 0 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 New Zealand Inscribed Stock Act, 1917, and Main Highways Act, 1922 .. .. .. .. .. 15 Aug., 1933 5| 3,500 0 0 10,450 0 0 13,950 0 0 New Zealand Inscribed Stock Act, 1917, Forests Act, 1921-22, and Finance Act, 1924, sec. 16 .. .. 15 Aug., 1933 5£ 1,800 0 0 7,500 0 0 9,300 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, sec. 6 .. .. .. .. 1 Aug., 1930 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, 1S97, and 1900 .. .. 1 Jan., 1949 4 .. 10,500 0 0 10,500 0 0 . . i 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 63,250 0 0 175,200 0 0 238,450 0 0 Cash in Bank of New Zealand .. .. .. .. .. .. 26 2 6 26 4 4 52 6 10 Totals .. .. .. .. .. ... 63,276 2 6 175,226 4 4 238,502 6 10
0 When redeemab.e. j £ PerCent. £ s. d. Westport Harbour Board Loan .. .. 200,000 1 15 February, 1945 .. 63,276 2 6 Westport Harbour Board Loan .. .. 500,000 1 1 January, 1949 .. 175,226 4 4 £700,000 .. .. £238,502 6 10
Permanent link to this item
https://paperspast.natlib.govt.nz/parliamentary/AJHR1929-I.2.1.3.11
Bibliographic details
SINKING FUNDS., Appendix to the Journals of the House of Representatives, 1929 Session I, B-08
Word Count
1,846SINKING FUNDS. Appendix to the Journals of the House of Representatives, 1929 Session I, B-08
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