FINANCIAL STATEMENT.

Table B. TABLE SHOWING THE LOANS OF THE COLONIAL AND PROVINCIAL GOVERNMENTS OF NEW ZEALAND, AUTHORIZED BY ACTS OR ORDINANCES UP TO THE 30TH OF JUNE, 1868.

B.—No. la.

NTEREST. SINKING FUND. PRINCIP. .L. AUTHORITY FOR LOAN. BY WHAT REMARKS. Total Debentures in Circulation on 30 June, 1868. Pay, jble. Annual Charge foe Sinking Fund. Amount of Sinking Fund Accrued. GOVERNMENT. Total Amount Authorized. W.ten Debentures AEE Redeemable. Rate of Interest. Annual Charge foe Interest. Place of Payment. Rate op Sinking Fund. Names OF Trustees. In what Manner Invested. Amount. Date. £ £ s. a. 316 0 0 500,000 0 0 £ s, d. £ s. d. £ s. d. £ s. d. Colonial Government Ordinance of Legislative Council ' New Zealand Loan Act, 1856 " 500,000 0 0 On presentation ... £300,000, 31st Dec, 1887 £25,000, 30th Sept., 1888 £25,000, 31st Dec, 1888 £50,000, 30th June, 1889 £50,000, 30th Sept., 1889 £50,000, June, 1894 1st July, 1891 8 per cent. 4 per cent. 20,000 0 0 8,500 0 0 8,500 0 0 1,500 0 0 1,500 0 0 Julyl January 1... October 1... April 1 ... London f f 2 per cent.... 10,000" o 0 Lords of H. M. Treasury 101,260 17 2 £101,26017s. 2d. in 3 per centConsols of the nominal value of £110,584 10s. Id. nterest ceased 13th July, 1858. Guaranteed by Act of the Imperial Parliament. ,, ' New Zealand Loan Act, 1860 " 150,000 0 0 6 per cent. 9,000 0 0 j j 2 per cent.... W. Gisborne J. Woodward 25,480 8 9 'his Loan was raised by the Union Bank of Australia, and by agreement the interest is lodged with that Bank in Auckland on the 1st of April and 1st of October in each year, for transmission to London. • New Zealand Loan Act, 1863 " 3,000,000 0 0 150,000 0 O 1,000,000 0 0 500,000 0 0 500,000 0 0 14th July, 1914 30th October, 1915 14th March, 1891 5 per cent. 4 per cent. 6 per cent. 50,000 0 0 20,000 0 0 30,000 0 0 29,676 0 0 4,500 0 0 4,500 0 0 25,000 0 0 25,000 0 0 10,000 0 0 10,000 0 0 15,000 0 0 15,000 0 0 14,838 0 0 14,838 0 0 15,162 0 0 15,162 0 0 July 1 January 1... July 15 ... January 15 November 1 May 1 March 15 ... September 15 June 15 ... December 15 June 15 ... December 15 ? j (See margin) London ... ,, ,, ,, ,, ,, 1 per cent.... 1 per cent.... 2 per cent.... 2 per cent.... 10,000 0 0 5,000 0 0 10,000 0 0 9,892 0 0 3,000 0 0 P. G. Julyan W. C. Sargeaunt Ditto Ditto Ditto 32,653 8 3 10,450 15 7 24,749 19 10 £17,097 19s. Id. in New Zealand Government 8 per cent. Debentures £8,350 in New Zealand Treasury Bills £32 9s. 8d. deposited at interest in Bank of New Zealand £67,925 9s. 6d. invested in Securities of the total nominal value of £65,870 19s. lid. as under : — £5,000 New South Wales Govt. 5 per cent. Debentures £8,500 Victorian Govt. 6 per cent. Debentures £6,300 Queensland Govt. 6 per cent. Debentures £29,400 Ceylon Govt. 6 per cent. Debentures £11,600 Cape of Good Hope Govt. 6 per cent. Debentures £3,500 Natal Government 6 per cent. Debentures £1,400 Antigua Govt. 6 per cent. Debentures £170 19s. lid. 3 per cent. Consols 494,600 0 0 14th June, 1891 6 per cent. ? > 505,400 0 0 14th December, 1892 ... 6 per cent. 30,324 0 0 2 per cent.... 10,108 0 O Ditto ,, ) j ' New Zealand Debentures Act, 1864," and " Amendment Act, 1865 " 48,527 15 11 31st December, 1868 8 per cent. 3,882 4 6 600 0 0 600 0 0 40 0 0 40 0 0 60 0 0 60 0 O 557 3 9! 557 3 9' 683 18 6| 683 18 6, 4,600 0 0, 4,525 0 0, 3,250 0 0 3,250 0 0 3,250 0 0 3,250 0 0 Julyl ... January 1... Julyl ... January 1... Julyl ... January 1... Julyl January 1... Julyl January 1... December 31 June 30 ... July 15 October 15 January 15 April 15 ... ; , To be paid off out of proceeds of £3,000,000 Loan. Sydney Auckland... Dunedin ... ' Treasury Bills Act, 1866 " 150,000 0 0 Wellington £75,000, 30th June, 1868 £75,000, 30th June, 1869 Within thirty-six years from 15th April, 1868 ,, 150,000 0 0 4d. per cent. per diem 5 per cent. 9,125 0 0 13,000 0 0 ,, London 1 per cent.... 2,600 0 0 P. G. Julyan W. C. Sargeaunt ' Public Debts Act, 1867 " ... \ ' Consolidated Loan Act, 1867" j 260,000 0 0 260,000 0 0 , j ,, Total General Government 4,060,000 0 0 4,108,843 15 11 215,032 4 6 215,032 4 6 60,600 0 0 194,595 9 7 Total nominal value of Securities, £201,935 18s. 9d. Provincial Governments : — Auckland ' Auckland Loan Act, 1863 "... 500,000 0 0 500,000 0 0 33 years from date of issue 6 per cent. 30,000 0 0 15,000 0 0 15,000 0 0 April 1 ... October 1... London t > 2 per cent.... 10,000 0 0 Superintend!, of Province 36,792 10 0 £18,600 on Mortgage of Real Estate £10,000 in New Zealand Treasury Bills o Trustees appointed by the Act. 10,000 0 0 36,792 10 0 Total invested, £28,600 Total Peovince op Auckland ... 500,000 O 0 500,000 0 0 30,000 0 0 30,000 0 Taranaki 5 per cent. 1,250 0 0 312 10 312 10 312 10 312 10 July 15 ... October 15 January 15 April 15 ... London 1 per cent.... 250 0 0 P. G. Julyan W. C. Sargeaunt ' Taranaki Loan Ordinance, 1862 " } ' Public Debts Act, 1867 " ... j 25,000 0 0 25,000 O 0 Within thirty-six years from 15th April, 1868 ,, 'his loan was raised before the separation of Hawke's Bay from Wellington ; the proportion to be paid by each Province has not yet been determined. Notice has been given that this loan will be paid off 1st July, 1869. }he amount authorized is " half the cost of the bridge." The total cost is estimated to be £32,000. This loan replaced " The Wellington Loan Act, 1857," due 1st January, 1867, raised before the separation of Hawke's Bay from Wellington ; the proportion to be paid bv each Province has not yet been determined." Ms loan was authorized for the purchase of land from Natives in Manawatu. Twenty per cent, of the proceeds of the land when sold is to be paid to the Colonial Treasurer as Trustee for a Sinking Fund. > > ? j ... Total Peovince op Taranaki ... 25,000 0 0 25,000 0 0 1,250 0 0 1,250 0 0 250 0 0 Wellington 'Wellington Loan Acts,1854 andl855," Nos. 6 and 9 50,000 0 0 49,900 0 0 12 months' notice 8 per cent. 3,992 0 0 1,996 0 0 1,996 0 0 Julyl January 1... London ) ! ' Wellington Loan Act, 1862," No. 11... 25,000 0 0 25,000 0 0 1st July, 1877 ... 8 per cent. 2,000 0 0 1,000 0 0 1,000 0 0 800 0 0 800 0 0 Julyl January 1... Julyl January 1... y f 4 per cent.... 1,000 0 0 Provincial"") Auditor and Deputy | Auditor Ditto J 7,115 19 8 £6,610 on Mortgage of Real Estate ' Wanganui Bridge Act, 1863," No. 6... 16,000 0 0 16,000 0 0 3 months' notice ... 10 per cent. 1,600 0 0 Wellington ,, 2 per cent.... ' Wellington Loan Act, 1866," No. 3... 50,000 O 0 50,000 0 0 1st July, 1886 ... 8 per cent. 4,000 0 0 2,000 0 0 2,000 O 0 Julyl January 1... London 1,000 0 0 >.» ' Wellington Loan Act, 1866," No. 11... 30,000 0 0 30,000 0 0 1st July, 1871 ... 10 per cent. 3,000 0 0 1,500 0 0 1,500 0 0 Julyl ... January 1... Sydney Total Province of Wellington 171,000 0 O 170,900 0 0 14,592 0 0 14,592 0 0 2,000 0 0 7,115 19 8 Total invested, £6,610 Hawke's Bay ' Hawke'a Bay Loan Act, 1863-4 " ' Public Debts Act, 1867 " } 60,000 0 0 60,000 0 0 Within thirty-six years from 15th'ApriUL868 5 per cent. 3,000 0 0 750 0 0 750 0 0 750 0 0 750 0 0 July 15 ... October 15 January 15 April 15 ... London »« 1 per cent.... 600 0 0 P. G. Julyan W. C. Sargeaunt j, Total Pbovince op Hawke's Bay 60,000 0 0 60,000 0 0 3,000 0 0 3,000 0 0 600 0 0 Nelsow ' Nelson Debentures Act, 1858," 29,000 0 0 20,800 0 0 700 0 0 1st July, 1868 8 per cent, 10 per cent. 2 per cent.... To be invested as Governor may direct 1,720 0 0 £860 paid to Trustees £7,500 of the £29,000 and interest thereon is payable by the Province of Marlborough. " Nelson Lunatic Asylum Act, 1862"... 5,000 0 0 " Nelson Waterworks Loan Act, 1864 " 20,000 0 0 20,000 • 0 0 £10,000, 1st Jan., 1876 ... £10,000, 1st Jan., 1881 8 per cent. 2 per cent.... 'art of Nelson Debt allotted to Province of Marlborough. Total Province of Nelson 54,000 0 0 41,500 0 0 1,720 0 0 £860 paid to Trustees Maelborough "Nelson Debentures Act, 1858" 7,500 0 0 1st July, 1868 8 per cent. 600 0 0 I Canterbury Total Province op Marlboeough 7,500 0 0 600 0 0 ?he first issue of Debentures, £50,000, was signed and cancelled the same day. " Canterbury Loan Ordinance, 1856"... 30,000 0 0 30,000 0 0 28th September, 1872 ... 8 per cent. 2,400 0 0 1,200 0 0 1,200 0 0 June 30 ... December 31 London ,, 2 per cent, for 3 years 4 per cent, for 12 years 2 per cent. 1,200 0 0 H. S. Selfe J. Morrison J. Marshman 12,148 4 2 £12,200"") In Colonial Securities, principally NewSouth Wales Government De£15,200 ! bentures 5 per cent, and Queensland G-overnment Debentures 6 per cent. £7,900^ " Canterbury Railway Loan Act, 1860 " 300,000 0 0 250,000 0 0 £50,000, 30th June, 1893 £50,000, 31st Dec, 1894 £50,000, 31st Dec, 1895 £50,000, 31st Dec, 1896 £50,000, 31st Dec, 1897 50 years from date of issue 6 per cent. 15,000 0 0 7,500 0 0 7,500 0 0 June 30 ... December 31 ,, 5,000 0 0 H. S. Selfe J. Marshman 14,464 11 6 ,, "Canterbury Loan Ordinance, 1862"... " Public Debts Act, 1867 " 500,000 0 0 233,400 0 0 266,600 0 0 Within thirty-six years from 15th April, 1868 6 per cent. 5 per cent. 14,004 0 0 13,330 0 0 7,002 0 0 7,002 0 0 3,332 10 0 3,332 10 0 3,332 10 0 3,332 10 0 June 30 ... December 31 July 15 ... October 15 January 15 April 15 ... , t ,, 1 per cent.... 1 per cent.... 2,334 0 0 2,666 0 0 H. S. Selfe T. Somers P. G. Julyan W. C. Sargeaunt 13,566 15 0 The amount of Debentures in circulation is £233,400. Debentures for £266,600 have been handed to the Colonial Treasurer, to be dealt with under " The Public Debts Act, 1867." ,, ,, , j ... Total Province of Canterbury 830,000 0 0 780,000 0 0 44,734 0 0 44,734 0 0 11,200 0 0 40,179 10 8 Total nominal value of Securities, £35,300 Otago The whole of this loan was raised; £24,700 has been paid off as the Debentures became due, leaving in circulation £10,300 as stated. Sinking Fund in hands of Trustees waiting investment, £3,816 16s. Id. " Otago Loan Ordinance, 1856" 35,000 0 0 10,300 0 0 31st December, 1868 ... 10 per cent. 1,030 0 0 515 0 0 515 0 0 March 31... September 30 London , j " Otago Loan Ordinance, 1861-2 " " Otago Loan Ordinance, 1862 " 50,000 0 0 500,000 O 0 50,000 0 0 500,000 0 0 £43,000, 31stDec, 1874... £7,000, 31st Dec, 1875 1st July, 1898 8 per cent. 6 per cent. 4,000 0 0 30,000 0 0 1,832 O 0 1,832 0 0 40 0 0 40 0 0 128 0 0 128 0 0 15,000 0 0 15,000 0 0 170 0 0 170 0 0 76 0 0 76 0 0 1,754 0 0 1,754 0 0 1,354 0 0 1,354 0 0 646 0 0 646 O 0 323 19 6 323 19 6 323 19 6 323 19 6 January 1... Julyl ... January 1... Julyl ... January 1... Julyl January 1... July 1 May 1 November 1 Mayl ... November 1 Mayl November 1 April 1 ... October 1... April 1 October-J™. July 15 ... October 15 January 15 April 15 ... ,, Melbourne Dunedin ... London 3 per cent.... 1 per cent.... 1,500 0 0 5,000 0 0 E. B. Cargill J. Jones Ditto 38,716 12 11 £34,879 16s. lOd. invested as under — £13,929 16s. lOd. New Zealand Government Debentures, 8 per cent. £11,300 Harbour Loan Debentures, 8 per cent. £1,525 Public Buildings Loan Debentures, 8 per cent. £5,000 Dunedin Waterworks Company Debentures. £3,300 Mortgage Corporation City of Dunedin. "Otago Harbour Loan Ordinance, 1862" 50,000 0 0 50,000 0 0 1st November, 1874 8 per cent. 4,000 0 0 ,, Melbourne 3 per cent.... 1,500 0 0 Ditto "Otago Public Building Loan Ordinance, 1862 " 50,000 0 0 50,000 0 0 1st October, 1875 8 per cent. 4,000 0 0 Dunedin ... London 3 per cent.... 1,500 0 0 Ditto Dunedin ... 1 per cent.... 259 3 1 P. &. Julyan W. C. Sargeaunt " Public Debts Act, 1867 " (for Surplus Revenue Adjustment Act, 1860) 25,918 0 0 25,918 O 0 Within thirty-six years from 15th April, i868 5 per cent. 1,295 18 0 London ,, Total Province op Ota&o 710,918 0 O 686,218 0 0 44,325 18 0 44,325 18 0 9,757 3 7 38,716 12 11 Total nominal value of Secu rities, £35,054 16s. lOd. Southland... " Public Debts Act, 1867" (for payment of Debts of Province with interest to 30th September, 1868) 387,455 8 7 387,455 8 7 Within thirty-six years from 15th April, 1868 5 per cent. 19,372 15 5 4,915 10 3 4,915 10 2 4,915 10 3 4,915 10 2 July 15 ... October 15 January 15 April 15 ... London 1 per cent 3,874 11 1 P. G. Julyan W. C. Sargeaunt 5,785 9 0 5,785 9 0 5 per cent. 289 5 5 it 1 per cent.... 57 17 1 Ditto "Public Debts Act, 1867 " (forSurplus Revenue Adjustment Act) Within thirty-six years from 15th April, 1868 } i Total Province op Southland. 393,240 17 7 393,240 17 7 19,662 0 10 19,662 0 10 3,932 8 2 Total General Total Provincial 4,060,000 0 0 2,744,338 17 7 4,108,843 15 11 2,664,358 17 7 194,595 9 7 122,825 7 2 Total nominal value of Secu rities, — Gen. Govt. £201,935 18 9 Prov. Govt. 205,114 16 10 Totals 6,804,338 17 7 6,773,202 13 6 317,420 16 9 £407,050 15 7