9

8.—14,

Statement of Liabilities. Outstanding liabilities,— £ s. d. £ s. d £ s d Debentures issued under the Government Loans to Local Bodies Acts*.. .. 2,412,100 0 0 Under " The Government Loans to Local Bodies Act, 1886," and " The Local Bodies' Loans Act, 1901"— Money promised to local authorities whioh have complied with the provisions of the Actf .. .. .. .. .. 86,328 0 0 Money liable to be advanced as required when the provisions of the Aot are complied with .. .. .. .. .. 67,648 0 0 Under " The Government Loans to Local Bodies Act Amendment Act, 1891," and section 73 of " The Looal Bodies' Loans Act, 1901 "— Unpaid balance of loans .. .. .. .. .. 77,423 7 1 Applications for loans for which the necessary steps are not yet completed .. .. .. .. .. .. 38,158 0 0 tie EQi n % £2,681,657 7 1 Statement op Assets. Assets- £ 8 . d. £ s. d. £ _. d. Payments for twenty-six years of 5 per cent, per annum on amount of inscribed debts of looal bodies (£7,034}) .. .. .. 9,144 4 0 Payments for twenty-six years of 4J per cent, per annum on amount of inscribed debts of looal bodies (£1,037,536}) .. .. .. 1,213,917 0 8 Payments for thirty-two years of 4J per cent, per annum on amount of inscribed debts of local bodies (£529) .. .. .. .. 761 14 8 Payments for thirty-two years of 4 per oent. per annum on amount of inscribed debts of local bodies (£42,989}) .. .. .. .. 55,025 17 4 Payments for forty-one years of 4 per cent, per annum on amount of inscribed debts of local bodies (£20,740) .. .. .. .. 34,013 12 0 Payments for forty-one years of 3_ per cent, per annum on amount of inscribed debts of looal bodies (£929,666}) .. .. .. 1,334,070 12 10 2,646,933 1 6 Less amount paid in respect of the annual repayments .. 665,783 16 9 j 981 149 4 9 Inscribed debt under " The Government Loans to Local Bodies Aot Amendment Act, 1891 " .. .. .. .. .. 387,560 12 7 Less amount refunded on disposal of lands .. .. .. 189,519 9 2 198,041 3 5 Sinking fund created under section 96 of "The Looal Bodies'' Loans Act, 1901" .. .. .. .. .. .. ~ .. 417,002 18 7 Cash balance, 31st March, 1905 .. .. .. .. .. .. g 520 15 2 £2,601,714 1 11

Jas. B. Heywood, The Treasury, 26th June, 1905. Secretary to the Treasury. Note. -The total amount borrowed up to the 31st March, 1905, was _>2,412,000. The total amount repaid to Public Works Fund up to the 31st March, 1905, was i>89.800. The total amount advanced to local bodies up to the 31st March, 1905, was £1 913 443 4s Th Acf mrTtoZ U^ZX^SrSm\t 0 7S S *° L ° Cal BOdieS AOt AmßudmeDt A *> lB9l '" <""> " Tb ° L <™> bodies' Loan. • £1,4.1,800 of this amount hae been converted into coneolidated-stock debentures under " The Consolidated Stock Act 1884 " + Including second year's grants, for which all formalities have been completed. .. .p Jt, "J , am °>»>ts represent the debt as inscribed on the Ist February, 1905. They include the inscribed stock exchanged for debeutures uucler The Koads and Bridges Construction Act, 1882," amounting to £89.878 Bs. 9d. (See 8.-13,1891 ) ueuoucures uuciei

Approximate Cost of Paper.— Preparation, not given; printing (1,480 copies!, £13 3s. 6d.

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Authority: John Maokay, Government Printer, Wellington. -1905.

2—B. 14.