8.—7

A/ppropriations for Consolidated Fund Services.

PERMANENT CHARGES.—DEBT SERVICES—AMORTIZATION—REDUCTION OF FUNDED DEBT.

ANALYSIS OF PERMANENT CHARGES.—DEBT SERVICES.

24

Rat© f; Authorizing Act. Principal. per Half-yearly due Dates. „+ Recoverable. 1925-26. Cent. Amount. . : ; __ Finance Act, 1922 (Section 8) — £ £ £ £ Transfer to Loans Redemption Account for reduction of Funded debt— Aid to Public Works and Land 191,010 .. 1 June and 1 Dec... 2,242 .. 2,242 Settlement Act, 1910 Finance Act, 1910 (Section 35) 4,736,842 .. „ 55,609 .. 55,609 Finance Act, 1918 (Section 10) 6,600,000 .. „ 77,481 .. 77,481 Land for Settlements Act, 1908 37,778 .. „ 444 444 Naval Defence Act, 1909 .. 963,131 ... „ 21,379 .. 21,379 Public Revenues Amendment Act, 2,067,411 .. „ 24,271 .. 24,271 1914 (Section 8) Public Revenues Amendment Act, 8,105,992 .. „ 95,161 .. 95,161 1915 (Section 5) War Purposes Loan Act, 1917 4,830,000 .. „ 56,702 .. 56,702 (Section 2), War Purposes Loan Act, 1917 (No. 2) TOTAL .. 27,532,164 * .. 333,289' 444 332,845 * The rate is 6 per cent, on the original debt, £27,532,163 17s. 10d., less interest at the average rate of £4 19s. 5'88d. on the amount remaining unpaid.

1925-26. 1 Recoveries Net Charge Gross I toom to respective Consolidated I Accounts. Fund. Interest — £ £ £ War Expenses .. .. .. .. .. 3,632,510 .. 3,632,510 Discharged Soldiers Settlement (including purchase of Estates) 475,576 405,276 70,300 Land for Settlements .. .. .. .. . • 366,790 366,790 State Advances .. .. .. .. .. 879,548 878,228 1,320 Naval Defence .. .. .. .. .. 67,864 .. 67,864 Electric Supply .. .. .. .. .. 227,258 227,258 Greymouth Harbour Board .. .. .. .. 10,400 10,400 Westport Harbour .. ... .. .. .. 31,677 14,324 17,353 Public Works and Miscellaneous .. .. .. 4,543,846 284,029 4,259,817 Total Interest .. .. .. ..10,235,469 2,186,305 8.049,164 Net Interest (chargeable to Consolidated Eund) .. .. 8,049,164 Amortization Sinking Fund— War Loans .. .. .. .. .. 509,347 .. 509,347 Public Debt Extinction .. .. .. .. 224,493 50,000 174,493 Westport Harbour .. .. .. .. 7,000 3,868 3,132 Total Sinking Eund .. .. .. .. 740,840 53,868 686,972 Net Sinking Fund (chargeable to Consolidated Eund) .. .. 686,972 Total Interest and Sinking Fund .. .. .. .. 8,736,136 Reduction of Funded Debt .. .. .. .. 333,289 444 332,845 Net Reduction of Funded Debt (chargeable to Consolidated Eund) .. .. .. .. .. .. 332,845 GRAND TOTAL .. .. .. .. .. 9,068,981