EEPORT BY THE AUDITOR-GENERAL.

B.—No. 2a..

14

STATEMENT showing the DISPOSAL of the NEW 5 PER CENT. BONDS issued under "The Consolidated Loan Act, 1867."

£ B. d. New 5 per Cents, disposed of ... ... ... ... ... ... 4,091,000 0 O Cash advances on hypothecation of £100,000 New 5 per Cents. .... ... 80,000 0 0 Schedule A, " Public Debts Act, 1867." £ s. d. New 5 per Cent. Bonds, issued for conversion of old Bonds. (Interest and Sinking Fund chargeable on General Government and Provinces) :— G-eneral Government, on £1,397,7 00 old Bonds cancelled ... 1,525,937 10 0. „ „ 3,150 Taranaki Bonds cancelled 3,354 15 0 „ „ 21,200 ,, „ 21,855 6 0 Province of Otago, „ 383,400 Provincial Bonds „ 418,437 15 0 „ Auckland, „ 461,250 „ „ 502,762 10 0 „ Canterbury,, 390,900 „ ., 426,367 10 0 „ Wellington,, 84.250 „ „ 97,748 0 0 „ Nelson, „ 2S,880 „ „ 29,627 0 0 £ 5. d. 3,026,090 6 0 Iggp" The payments on account of accrued Interest on Provincial Bonds, amounting to £15,807 17s. 10d., are excluded from this Account. They are first charges on the Provincial moiety of the Consolidated Revenues. The Provincial share of expenses attending the negotiation and sale of the unraised portions of Provincial Loans, amounting to £3,322 9s. 5d., have also been excluded. These expenses were deducted out of the gross proceeds arising from the sale of the Loans, and only the nett amount paid to Provinces. New 5 per Cent. Bonds disposed of for cash to discharge expenses on account of conversion. (Interest and Sinking Fund on the Bonds chargeable on General Government and Provinces) :— £ s. d. £ s. d. To discharge 18,254 11 10, being General Government share ... 18,744 6 0 „ 5.453 3 11 „ share of Province of Auckland ... 5,599 9 0 „ 1,163 10 7 „ „ Wellington ... 1,194 9 0 „ 1,814 7 0,, „ Southland ... 1,863 1 0 241 8 7 „ „ Nelson ... 247 19 0 „ 2,801 17 0 „ „ Canterbury... 2,888 10 0 „ 4,641 10 3 „ „ Otago ... 4,766 6 0 £35,304 0 0 Deduct recoveries, amounting to £22 7s. lOd. ... 23 1 9 35,280 18 3 Schedule S, "Public Debts Act, 1867." New 5 per Cents, disposed of for cash, for the purpose of taking up Southland Certificates, amounting to £386,636 18s. 9d. New 5 per Cents, disposed of for cash, to discharge Surplus Revenues due by Provinces. (Interest and Sinking Fund chargeable on Provincial moiety of Ordinary Revenues) :— £ a. d. £ s. d. 25,140 8 6 due by Province of Otago ... ...25,917 18 0 5,611 17 9 „ Southland ... 5,785 8 0 New 5 per Cents, disposed of for cash, to discharge expenses provided for by " The Public Debts Act, 1867." (Interest and Sinking Fund being General charges) :— Tear 1867-08. Tear 1868-69. £ s. d. £ s. d. Defence ... ... ... 97,571 2 2 64,712 1 11 Electric Telegraph ... ... ...35,215 6 2 27.940 7 11 Marine Survey ... ... ... 2,786 18 11 3,154 19 4 Lighthouses ... ... ... 3,462 6 9 3,702 8 4 £139,035 14 0 £99,509 17 6 398,594 17 0 31,703 6 0 — y £4,171,000 0 0 £238,545 11 6 Deduct recoveries ... ... 3,875 9 10 New Bonds issued to discharge ... £234,670 18 New 5 per Cent. Bonds disposed of for cash, on account of the unraised portions of Provincial Loans, viz. :— Hawke's Bay, £58,200 cash, raised by sale of new Bonds amounting to... Taranaki, 24,250 ,, „ „ Canterbury, 258,602 „ „ „ Balance 241,927 17 0 60,000 0 0 26;000 0 0 206,600 0 0 85,802 15 9 £4,171,000 0 0