8.—14.

£ s. d. E s, d. Gash balance, Ist April, 1905 .. .. .. .. .. .. .. .. 5,520 15 2 Money borrowed to make advances to local bodies .. .. .. .. .. .. 151,000 0 0 15(5,520 15 2 Money advanced to local bodies ... .. .. .. .. .. .. .. 117,066 7 5 Money advanced under section 73 of " The Local Bodies' Loans Aot, 1901 " .. .. .. 38,801 4 5 155,867 11 10 Less refunds by— £ s. d. Te Horo Road Board .. .. .. .. .. 6 19 4 Temuka Borough Council .. .. .. .. .. 915 7 Whangarei Borough Council .. .. .. .. .. 113 13 11 130 8 10 155.737 3 O Cash balance, 31st March, 1906 .. .. .. .. .. .. .. .. £783 12 2 Statement of Liabilities. Outstanding liabilities, — £ s. d. £ s. d. £ s. d. Debentures issued under the Government Loans to Local Bodies Acts*.. .. 2,563,100 0 0 Under " The Government Loans to Local Bodies Act, 1886," and " The Local Bodies' Loans Act, 1901 " — Money promised to local authorities which have complied with the provisions of the Acfcf .. .. .. .. .. 64,264 0 0 ney liable to be advanced as required when the provisions of the Act are complied with .. .. .. .. .. 115,199 0 0 ■ 179,463 0 0 Under "The Government Loans to Local Bodies Act Amendment Act, 1891," and section 73 of " The Local Bodies' Loans Act, 1901 "— • Unpaid balance of loans .. .. .. .. .. 93,539 9 7 Applications for loans for which the necessary steps are not yet completed .. .. .. .. .. .. 43,685 0 0 137,224 9 7 £2,879,787 9 7 Statement of Assets. Assets, — ■ £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 5 per cent, per annum on amount of inscribed debts of local bodies (£22,103t) .. .. .. 28,733 18 0 Payments for twenty-six years of 4 J per cent, per annum on amount of inscribed debts of looal bodies (£1,037,536{) .. .. .. 1,218,917 2 4 Payments for thirty-two years of 4J per cent, per annum on amount of inscribed debts of local bodies (£12,886) .. .. .. 18,555 16 9 Payments for thirty-two years of 4 per cent, per annum on amount of ' inscribed debts of local bodies (£42,989{) .. .. .. ... 55,025 18 4 Payments for forty-one years of 4 per cent, per annum on amount of inscribed debts of local bodies (£67,593) .. .. .. .. 110,852 10 4 Payments for forty-one years of 3J per cent, per annum on amount of inscribed debts of local bodies (£972,007}) .. .. .. 1,394,830 010 2,821,915 6 7 Less amount paid in respect of the annual repayments .. 747,006 6 1 2,074,909 0 6 Inscribed debt under " The Government Loans to Local Bodies Act Amendment Act, 1891 " .. .. .. .. .. 426,36117 0 Less amount refunded on disposal of lands .. .. .. 217,900 1 6 : 208,461 15 6 Sinking fund created under section 96 of "The Looal Bodies' Loans Act, 1901" .. .. .. .. .. .. .. ... 475,155 10 2 Cash balance, 31st March, 1906 .. .. .. .. .. .. 783 12 2 £2,759,309 18 4

Jas. B. Heywood, The Treasury, 26th June, 1906. Secretary to the Treasury. Note. —The total amount borrowed up to the 31st March, 1906, was £2,563.100. The total amount repaid to Public Works Fund up to the 31st March, 1900, was £89,800. The total amount advanced to local bodies up to the 31st March, 1906, was £2,074,895178. 5d.; less refunds, £28,872 Cs 7d = £2,046,023 10s 10d. The total amount advanced under " The Government Loans to Local Bodies Act Amendment Act, 1891," and " The Local Bodies' Loallfe Act, 1901," up to the ijlst March, 1906, was £426,492 17s. * £1,421,800 of this amount has been converted into consolidated-stock debentures under " The Consolidated Stock Act, 1884." + Including second year's grants, for which all formalities have been completed. I These amounts represent the debt as inscribed on the Ist February, 1906. They include the inscribed stock exchanged lor debentures under •' The Eoads and Bridges Construction Act, 1882." amounting to £89,878 Bs. 9d. (See 8.-IS, 1891.)

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