9

H.—25

(4.) Sinking Fund Account. Amount transferred from General Ac- Amount paid to credit of the Commissioncount .. .. .. £1,000 0 0 ers of Che Public Debts Sinking Funds £1,000 0 0 Statement of Balances. Cr. Accounts. £ s. d. I Cr. Bank. £ s. d. Contractors' Deposit Account .. .. 150 0 0 Contract Deposit Account .. .. 150 0 0 Loan Account, No. 3 .. .. .. 2,034 4 2 Harbour Fund Account .. £2,830 1111 General Account .. .. .. 794 8 9 Less unpresented cheque 1 19 0 ■ 2,828 12 11 £2,978 12 11 £2,978 12 11 Greymouth, 7th January, 1895. Thomas Allen, Treasurer. Examined and found correct.—James Edwaed FitzGeeald, Controller and Auditor-General. Examined, settled, and allowed at the adjourned annual meeting of the Greymouth Harbour Board, this 15th day of February, 1895. —Joseph Petbie, Chairman; Thomas Allen, Treasurer.

Statement of Assets and Liabilities to 31st December, 1894. Assets. £ s. d. Liabilities. £ s. d. Harbour Fund Account at the Bank of Interest on debentures, £100,000, from New Zealand .. .. .. 2,828 12 11 Ist September, 1894, to date.. .. 1,333 6 8 Endowments— Sinking-fund debentures, £100,000, from Greymouth Railway and wharf, esti- Ist September, 1894, to date.. .. 333 6 8 mated net revenue from 10th Novem- Interest on debentures, £50,000, from Ist ber to 31st December, 1894 .. 1,600 0 0 July, 1894, to date .. .. .. 1,250 0 0 Westland and Nelson, Grey Coal Re- Interest on debentures, £40,000, from Ist serves, estimated royalties, &c, to July, 1894, to date .. .. .. 927 17 6 31st December, 1894 .. .. 800 0 0 Retention-money due to contractors on Rent—Amount due .. .. .. 67 0 0 Contract No. 38 .. .. .. 500 0 0 Blant—Sale of material: amount due .. 5 4 5 Sundry accounts for supplies, wages, &c. 60 0 0 B.s. " Westland " —Towages, &c, owing 31st December, 1894 .. .. 49 17 7 Total cash assets .. .. 5,350 14 11 Total cash liabilities .. 4,404 10 10 Unsold debentures .. .. .. 10,000 0 0 Debentures, £100,000, payable Ist March, Estimated value of property— 1925 .. .. .. .. 100,000 0 0 Works — Breakwaters and training- Debentures, £50,000, payable Ist January, banks, including the land adjoining 151,000 0 0 1898 .. .. .. .. 50,000 0 0 Wharves .. .. .. .. 26,000 0 0 Debentures, £40,000, payable Ist January, Flood-wall.. .. .. .. 1,200 0 0 1897 .. .. .. .. 40,000 0 0 Cradle .. .. .. .. 370 0 0 Debentures, £10,000, payable Ist January, Board's offices .. .. .. 1,350 0 0 1897 (unsold) .. .. .. 10,000 0 0 Office furniture .. .. .. 210 0 0 Balance, being excess of assets over lia-Signal-station, beacons, and Signal- bilities .. .. .. .. 68,941 5 0 man's cottage .. .. .. 460 0 0 Blant .. .. .. .. 10,500 0 0 P.s. " Westland" .. .. .. 5,000 0 0 Bublic Account— Sinking fund on Board's loan of £100,000 to Ist September, 1894 .. 9,500 0 0 Interest accrued on sinking-fund investments .. .. .. 2,365 0 11 Estimated capitalised value of the Board's , endowments, viz.:— £ Grey-Brunner Railway, net] revenue at £10,701 a year* I . . „«_ Endowments of land, net f ' revenue at £3,306 a year* J Less annual charges for sinking fund, interest on the loans, and working-expenses of the Boardt .. .. 11,500 Available balance of revenue .. 2,507 which, if capitalised at 5 per cent., would yield .. .. 50,040 0 0 £273,345 15 10 £273,345 15 10 * Average net receipt per year during the past ten years. t This amount covers the interest on whole of the loans. 21st January, 1895. Thomas Allen, Treasurer. Examined and found correct.—James Edwaed FitzGeeald, Controller and Auditor-General. Examined, settled, and allowed at the adjourned annual meeting of the Greymouth Harbour Board, this 15th day of February, 1895.—Joseph Petbie, Chairman; Thomas Allen, Treasurer. 2—H. 25.