8.—20.

1925. 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 4ct, 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, 1925, £128,701,381. For the purposes of this certificate the total public debt must be considered as £129,000,000. 2. The actual average net rate of interest earned during the three years to 31st March, 1925, has been ascertained to be £4-478756 per centum per annum. 3. The sum required to be invested each year at compound interest at £4-478756 per centum per annum, which would in seventy-five years amount to £129,000,000, is £224,493. Dated at Wellington, this 25th day of June, 1925. G. F. C. Campbell, Controller and Auditor-General.

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

Authority: W. A. G. Skinner, Government Printer, Wellington.—l92s.

Price 3d!.]