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1924. NEW ZEALAND.

THE PUBLIC DEBT EXTINCTION ACT, 1910 (CERTIFICATE OF CONTROLLER AND AUDITOR-GENERAL UNDER).

Laid on the Table in compliance with Section 24 of the Public Debt Extinction Act, 1910.

As directed by section 8 of the Public Debt Extinction Act, 1910, I hereby certify that:1. The amount of the public debt of New Zealand as defined in section 2 of the said Act was on the 31st day of March, 1924, £121,395,106 For the purposes of this certificate the total public debt must be considered as £122,000,000. 2. The actual average net rate of interest earned during the three years to 31st March, 1924, has been ascertained to be £4-442969 per centum per annum. 3. The sum required to be invested each year at compound interest at £4-442969 per centum per annum which would in seventy-five years amount to £122,000,000 is £216,315. Dated at Wellington, this 24th day of June, 1924. G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper. —Preparation not given; printing (475 copies), £1 2s 6d.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l 924.

Price U.]