7

8.—14

Statement of Assets. Assets, — £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 4J per cent, per annum on amount of inscribed debts of local bodies (£874,442 7s. 8d.) .. .. 1,023,097 12 4 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£12,634 7s. 3d.) .. .. .. 16,172 0 0 Payments for forty-one years of 3J per cent, per annum on amount of insoribed debt3 of looal bodies (£335,157 5s. lOd.) .. .. .. 480,950 13 5 1,520,220 5 9 Less amount paid in respect of the annual repayments .. 415,308 14 3 1,104,911 11 6 Inscribed debt under " The Government Loans to Local Bodies Aot Amendment Act, 1891" .. .. .. .. .. 282,355 16 1 Less amount refunded on disposal of lands .. .. .. 21,160 16 3 261,194 19 10 Sinking fund created under section 5 of "The Government Loans to Local Bodies Act Amendment Act, 1892" .. .. .. .. 233,39116 4 Cash balance, 31st March, 1901 .. .. .. ... .. .. 27,972 11 6 £1,627,470 19 2

The Treasury, Jas. B. Heywood, 8th July, 1901. Secretary to the Treasury. Note.—The total amount borrowed up to the 31st March, 1901, was £1,530,900. The total amount repaid to Public Works Fund up to the 31st March, 1901, was .£89,800. The total amount advanced to local bodies up to the 31st March, 1901, was £1,138,497 4s. The total amount advanced under " The Government Loans to Local Bodies Act Amendment Act, 1891," up to the 31st March, 1901. was £282,355 16s. Id.

» This amount represents the debt as inscribed on the 1st February, 1901. It includes the inscribed stock exchanged for debentures under " The Roads and Bridges Construction Act, 1882," amounting to £89,878 8s. 9d. (See B.-13,1891.)

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