8.—7

24

Appropriations for Consolidated Fund Services.

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

ANALYSIS OF PERMANENT CHARGES.—DEBT SERVICES.

I Original Rate r Authorizing Act. Debt per Half-yearly due Dates. Recoverable. 1926-27. funded. Cent. " Amount. | j ~~ | Finance Act, 1922 (Section 8) — £ I £ £ I £ Aid to Public Works and Land 191,010 .. 1 June and 1 Dec... 2,355 .. 2,355 Settlement Act, 1910 Finance Act-, 1916 (Section 35), 4,736,842 .. j „ 58,409 .. 58,409 (War Expenses) Finance Act, 1918 (Section 10) 6,600,000 .. „ 81,383 .. 81,383 Land for Settlements Act, 1908 37,778 .. „ 466 466 Naval Defence Act, 1909 .. 963,131 .. „ 22,456 .. 22,456 Public Revenues Amendment Act, 2,067,411 .. „ 25,493 .. 25,493 1914 (Section 8), (War Expenses ) Public Revenues Amendment Act, 8,105,992 ... „ 99,954 .. 99,954 1915 (Section 5), (War Expenses ) War Purposes Loan Act, 1917 4,830,000 .. „ 59,558 .. 59,558 (Section 2), War Purposes Loan Act, 1917 (No. 2) TOTAL .. .. 27,532,164 * .. 350,074 466 I 349,608 * 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.

1926-27. Recoveries Net Charge Gross from t0 uluso- respective Consolidated Accounts. Fund. Interest— £ £ £ War Expenses .. .. .. .. .. 3,550,662 .. 3,550,662 Discharged Soldiers Settlement (including purchase of Estates 470,039 412,616 57,423 Land for Settlements .. .. .. .. .. 364,959 364,959 State Advances .. .. .. .. .. 1,201,679 1,201,302 377 Naval Defence .. .. .. .. .. 66,787 .. 66,787 Electric Supply .. .. .. .. .. 282,178 282,178 Greymouth Harbour Board .. . . .. .. 10,400 10,400 Westport Harbour .. .. .. .. .. 30,000 17,647 12,353 Public Works and Miscellaneous .. .. 4,693,466 204,163 4,489,303 Total Interest .. .. .. .. 10.670,170 2,493,265 8,176,905 Net Interest (chargeable to Consolidated Fund) .. .. 8,176,905 Amortization,— Sinking Fund— Westport Harbour .. .. .. .. 7,000 4,118 2,882 Total Sinking Fund .. .. .. .. 7,000 4,118 2,882 Debt Repayment— Repayment of the Public Debt Act, 1925— Amount transferable to Public Debt Repayment Account from Consolidated Fund .. .. .. .. 928,492 3,000 925,492 Net Amortization Charge (chargeable to Consolidated Fund) .. .. .. .. .. .. 928,374 Total Interest and Amortization Charge .. .. .. 9,105,279 Reduction of Funded Debt .. .. .. .. 350,074 466 349,608 Net Reduction of Funded Debt (chargeable to Consolidated Fund) .. .. .. .. .. .. 349,608 GRAND TOTAL .. .. .. .. .. .. 9,454,887