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Statement of Liabilities and Assets. Outstanding liabilities, — Debentures issued under " The Government Loans to Local Bodies Act, 1886 "* .. .. .. .. .. .. 960,300 0 0 Under " The Government Loans to Local Bodies Act, 1886 " — Money promised to Local Authorities which have complied with the provisions of the Actf .. .. .. 30,819 0 0 Money liable to be advanced as required when the provisions of the Act are complied with.. .. .. .. 36,931 0 0 67,750 0 0 Under "The Government Loans to Local Bodies Act Amendment Act, 1891 "— Unpaid balance of loans .. .. .. .. 23,308 0 0 Applications for loans for which the necessary steps are not yet completed .. .. .. .. .. 43,223 0 0 66,531 0 0 1,094,581 0 0 Assets, — Payments for Twenty-six years of 5 per cent, per annum on amount of Inscribea Debts of Local Bodies (£808,491 4s. 4d.})1,051,038 11 7 Less amount paid in respect of the annual repayments 183,348 10 4 867,690 1 3 Inscribed debt under " The Government Loans to Local Bodies Act Amendment Act, 1891 " .. .. .. .. 146,844 0 0 Less amount refunded on disposal of lands .. .. 14,554 9 0 132,289 10 7 Sinking Fund created under section 5 of " The Government Loans to Local Bodies Act Amendment Act, 1892" .. .. .. 85,259 1 3 1,085,238 13 1

Note.—The total amount borrowed up to the 31st March, 1896, was £960,300. The total amount repaid to Public Works Fund up to the 31st March, 1896, was £89,800. The total amount advanced to Local Bodies up to the 31st March, 1896, was £722,797 6s. sd. The total amount advanced under " The Government Loans to Local Bodies' Act Amendment Act, 1891," up to the 31st March, 1896, was £146,84 i. * £912,300 of this amount has been converted into Consolidated Stock Debentures under " Tho Consolidated Stock Act, 1884." + Including second year's grants, for which all formalities have been completed. t This amount represents the debt as inscribed on the Ist February, 1896. It includes the inscribed stock exchanged for debentures under " The Roads and Bridges Construction Act, 1882," amounting to £89,878 Bs. 9d. (See 8.-13,1891.) Approximate Cost of Payer.—Preparation, not given; printing (1,385 copies), £1010s. 3d.

By Authority: James Burns, Government Printer for the time being, Wellington.—lB96. Price 6d.]

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