8.~-l

24

DISBURSEMENTS in respect of INTEREST and SINKING FUND— continued.

PUBLIC ACCOUNTS, 1898-99

£ s. d. £ s. d. £ a. d. 114,125 5 8 Brought forward INTEREST AND SINKING FUNB-continued. " The New Zealand Consolidated Stock Act, 1877": — Interest, — On £29,150,302 at 4 per cent., 1 year to 1 November, 1898 On £6,161,167 10/ at 34 per cent.,1 year to 1 January, 1899 On £205,022 at 3 „ 4 „ to 1 April, 1898 On £4,421,748 at 3 „ 1 „ to 1 April, 1899 On £50,000 at 3 , 4 „ to 1 October, 1898 .. .. .. £750 0 0 Less income-tax .. .. 25 0 0 1,166,012 1 6' 215,640 17 2 3,075 6 6 132,652 8 9 725 0 0 Less— Interest recovered in respect of Cheviot Estate debentures — On £253,318 at 34 per cent.— Balance 4 year to 1 July, 1897 £2,550 6 3 14 years to 1 January, 1899 .. 13,299 3 11 1,518,105 13 11 15,849 10 2 Overlap of interest consequent on conversions— Interest on 3-per-cent. Stock— £75,000, from 1 October to 13 December, 1897, converting Consolidated Stock, 1884 .. 437 19 7 £100,000, 1 Ootober to 27 November, 1897, converting Lands Improvement and Native Land Aot Debentures 476 14 2 £100,000, 1 October to 13 December, 1897, converting Consolidated Stock, 1884 .. 608 4 4 £2,635, 1 to 15 October, 1897, converting 5-per-cent. Consols 3 4 11 £900,1 October, 1897, to 1 Janu-. ary, 1898, converting Otago Loan,1862 .. .. 6 16 1 £416, 1 October, 1897, to 15 January, 1898, converting 5-per-cent. Consols .. ., 8 13 2 £1,071, 1 October, 1897, to 15 January, 1898, converting 5-per-cent. New Zealand Loan, 1863 .. .. .. 9 8 4 £55,185, 1 to 15 April, 1898, converting 5-per-cent. Consols .. 68 0 8 £104, 1 April to 15 July, 1898, converting 5-per-cent. Consols 0 18 1 £3,894, 1 April to 15 July, 1898, converting 5-per-cent. New Zealand Loan, 1863 .. 33 18 6 £70,000, 1 April to 1 July, 1898, redeeming Otago 1862 Debentures .. .. .. 529 6 4 £2,093,824, 1 April to 28 May, 1898, converting Consolidated Stock Aot, 1884,debentures.. 9,727 14 7 \ Accumulated fractions of interest repaid to the Public Account— On 4 per cent. .. .. 47 19 1 On 34 , .. .. 10 16 0 On 3 .. .. 2 13 8 11,905 18 9 61 8 9 Half-year's interest due 1 October, 1898, on 3-per-cent. Stock held by Consolidated Fund Investment Account 99 4 11 Recovered from Advances to Settlers Office, due— 1 Ootober, 1898 .. .. 22,500 0 0 1 April, 1899 .. .. 22,500 0 0 \ 45,000 0 0 Less income-tax to be recovered 72,916 2 7 1,184 2 4 71,732 0 3 Carried forward 1,446,373 13 8 1,560,498 19 4