8.—7.

24

Appropriations for Consolidated Fund Services.

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

ANALYSIS OF PERMANENT CHARGES.—DEBT SERVICES.

Original Bate ftvnRH Authorizing Act. Debt per Half-yearly due Dates. Ammmt Recoverable. 1927-28. funded. Cent. Amount. Finance Act, 1922 (Section 8) — £ £ £ £ Aid to Public Works and Land 191,010 .. 1 June and 1 Dec... 2,474 .. 2,474 Settlement Act, 1910 Finance Act, 1916 (Section 35), 4,736,842 .. „ 61,351 .. 61,351 (War Expenses) Finance Act, 1918 (Section 10) 6,600,000 .. „ 85,482 .. 85,482 Land for Settlements Act, 1908 37,778 .. ,, 489 489 Naval Defence Act, 1909 .. 963,131 .. „ 23,587 .. 23,587 Public Revenues Amendment Act, 2,067,411 .. „ 26,777 .. 26,777 1914 (Section 8), (War Expenses ) Public Revenues Amendment Act, 8,105,992 .. „ 104,988 .. 104,988 1915 (Section 5), (War Exwlr Loan Act, 1917 4,830,000 .. „ 62,557 .. 62,557 (Section 2), War Purposes Loan Act, 1917 (No. 2) TOTAL .. .. 27,532,164 * .. 367,705 489 367,216 * 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.

Recoveries — Gro8S - respective 1927 - 28 ' Accounts. IwrpmraT P y, f War Expenses .. .. .. .. .. 3,405,589 3,465,589 Discharged Soldiers Settlement (including purchase of Estates) 458,886 377,826 81,060 Land for Settlements .. .. .. .. .. 358,291 358.291 State Advances .. .. .. .. .. 1,298,126 1,298,126 Naval Defence .. .. .. .. .. 65,800 .. 65,800 Electric Supply .. .. .. .. .. 339,224 339,224 Greymouth Harbour Board .. .. .. .. 10,400 10,400 West-port Harbour .. .. .. .. .. 30,000 17,647 12,353 Public Works and Miscellaneous .. .. .. 4,890,784 144,384 4,746,400 Total Interest .. .. .. ..10,917,100 2,545,898 8,371,202 Net Interest (chargeable to Consolidated Fund) .. .. 8,371,202 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 .. .. .. .. 998,839 .. 998,839 Net Amortization Charge (chargeable to Consolidated Fund) .. .. .. .. .. .. 1,001,721 Total Interest and Amortization Charge .. .. .. 9,372,923 Reduction or Funded Debt .. .. .. 367,705 489 367,216 Net Reduction of Funded Debt (chargeable to Consolidated Fund) .. .. .. .. .. 367,216 GRAND TOTAL .. .. .. .. .. .. 9,740,139