8.—6
CONTENTS.
INTRODUCTION .. .. .. .. .. .. .. .. .. i REVENUE .. .. .. .. .. .. .. . . i EXPENDITURE .. .. .. .. .. .. .. .. .. ii RESULTS OF THE YEAR .. .. .. .. .. .. .. ..iii TREASURY BILLS .. .. .. .. .. .. .. iii PUBLIC WORKS FUND .. .. .. .. .. .. .. ..iii LAND FOR SETTLEMENTS .. .. .. .. .. .. .. .. iv LAND AND INCOME TAX .. .. .. .. .. .. .. iv LAND-TAX .. .. .. .. .. .. .. .. iv INCOME-TAX .. .. .. .. .. .. . .. v LOANS TO LOCAL BODIES .. .. .. .. .. .. .. .. v THE PUBLIC DEBT .. .. .. .. .. .. .. v LOANS MATURED .. .. .. .. .. .. .. vi LOANS MATURING .. .. .. .. . . .. .. vi LOAN TRANSACTIONS .. .. .. .. ... .. .. vi RAILWAY CONSTRUCTION AND IMPROVEMENT .. .. ; .. .. vii ROADING .. .. . . .. .. . . .. .. .. vii MINING .. .. .. .. .. .. .. .. .. .. viii WATER-POWER .. .. .. .. .. .. .. .. .. viii IRRIGATION .. .. .. .. .. .. .. .. .. ix POST AND TELEGRAPH IMPROVEMENTS .. .. .. .. .. ix OCEAN MAILS .. .. .. .. .. . .. .. ix TELEGRAPH EXTENSION .. .. .. .. .. .. .. ix WIRELESS TELEGRAPHY .. .. .. .. .. .. .. x RETRENCHMENT .. .. . .. .. .. .. .. .. x PUBLIC SERVICE CLASSIFICATION .. .. .. .. .. .. .. x PUBLIC SERVICE SUPERANNUATION FUND .. .. .. .. .. .. x POST-AUDIT .. .. .. .. .. .. .. .. xi DEFENCE .. .. .. .. .. .. .. .. xi VISIT OF LORD KITCHENER .. .. .. .. .. .. xi VOLUNTEERS OF THE PAST .. .. .. .. .. .. .. xii OPERATIONS OF NATIVE LAND ACT .. .. .. .. .. .. xii NATIVE LAND COURT .. .. .. .. .. .. .. ..xii MAORI LAND BOARDS .. .. .. .. .. .. .. .. xii RATING ON NATIVE LANDS .. .. .. . . ~ .. .. xiii NATIVE TOWNSHIPS .. .. .. .. .. .. .. .. xiii OTHER NATIVE MATTERS .. .. .. .. .. .. .. .. xiii LAND .. .. .. .. .. .. .. .. .. .. xiii LAND SETTLEMENT FINANCE ACT .. .. .. .. .. .. .. xiii STATE-GUARANTEED ADVANCES DEPARTMENT .. .. .. .. .. xiv LOANS TO LOCAL AUTHORITIES .. .. .. .. .. .. .. xv EXTINCTION OF THE PUBLIC DEBT .. .. .. .. .. xv NATIONAL ANNUITIES .. .. .. .. .. .. .. .. xviii MATERNITY .. .. .. .. .. .. .. .. .. xviii UNEMPLOYED .. .. .. .. .. .. .. .. .. xviii ANTI-TRUST LEGISLATION.. .. .. .. .. .. .. .. xviii BEETSUGAR .. .. .. .. .. .. .. .. .. xix LOCAL GOVERNMENT .. .. .. .. .. .. .. .. xix EDUCATION AND LIBRARIES .. .. .. .. .. .. xx FINANCE FOR 1910-11 .. .. .. .. .. .. .. .. xx EXPENDITURE .. .. .. .. .. .. .. xx REVENUE .. .. .. .. .. .. .. •• ..xx LOAN FOR PUBLIC-WORKS PURPOSES .. .. .. .. .. .. xxi CONCLUSION .. .. .. ~ .. .. .. .. ..xxi
l>.. 6
1910. NEW ZEALAND.
FINANCIAL STATEMENT (In Committee of Supply, 19th July, 1910) BY THE MINISTER OF FINANCE, THE RIGHT HON. SIR J. G. WARD, P.C., K.C.M.G.
Mk. Laukenson, — It is my pleasure and privilege to place before the Committee the financial position of the Dominion as at 31st March last, and also to deal with matters that apply to the current year, together with subjects that must have a vital interest and effect in the future. 1 trust they will prove to be for the welfare of the people of the Dominion. The abstract of accounts showing the receipts and expenditure of the last financial year has already been placed before honourable members, and they, no doubt, have made themselves acquainted with the figures, and gained .sufficient information to know that the revenue of the past year has been the highest on record, and that the Treasury books closed with a substantial balance of £432,316. Tn placing the transactions of the year before honourable members, it may be desirable that I should take the various accounts in sequence, and briefly explain the results of each. REVENUE. I will deal first with the Revenue Account. It is extremely gratifying for me to be able to announce that, notwithstanding the fact that a period of financial stringency had been experienced during the previous year, the actual receipts of revenue for the year just closed exceeded my estimate by no less a sum than £218,261. I felt confident when submitting the estimate of last year's probable results that I was well on the safe side, recognizing as I did that a certain amount of trade dislocation had occurred and might continue. There has, however, beon a marked revival and with it an improved revenue, and the fact that it i 3 well in excess of my prediction is a subject for sincere congratulation. The total revenue for the year was £9,238,261, the estimate being £9,020,000. The Railways was responsible for £3,258,263, or £208,263 more than estimated. Customs exceeded the estimate by £41,121, and Miscellaneous Revenue was £26,099 more than was anticipated. Stamps did not come up to the estimate by £68,648, and Territorial Revenue was short by the sum of £21,413. Comparing the revenue receipts with that of the previous year, I find a satisfactory increase of £237,076 on the receipts of the preceding year. The principal increases were in Railways, which gave us no less than £339,756 better than the previous year ; Land-tax was responsible for £37,369, and Miscellaneous £31,889. Customs showed a decrease of £130,127 owing to reduced importations, and Stamps suffered to the extent of £53,976 ; while registration and other fees were less by £28,756 owing to the loss of Chinese poll-tax consequent on the introduction of the educational test.
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II
The comparative table for the two years is as follows :— 1909-10. 1908-9. Increase. Decrease. Customi 2,671,121 2,801,248 .. 130,127 Railway 3,268,268 2,918,507 339,756 Stamps (including Poet and Telegraph receipts) 1.537,352 1,591,328 .. 53.976 Land-tax.. : 642,270 604,901 37.369 Income-tax 316,835 321,044 .. 4.209 Beer duty H6.369 116,214 .. 845 Registration and other fee* 88,305 117,061 .. 28,766 Marine 42,918 43,815 .. 897 Miscellaneous 296,099 264,210 31.889 Territorial revenue • 202,587 222,857 .. ■ 20.270 Endowment revenue .. .. • ■ 67,142 .. 67,142 476,156 239.080 239,080 Totals ' •• 9,238,261 9,001,185 237,076 EXPENDITURE. I can now pass on to the results of the expenditure of the Ordinary Revenue Account of last year, and I find that as compared with my estimates the actual amount underspent was £119,777, which shows that rare in the expenditure was exercsed, and should call for recognition from impartial critics, as a Finance Minister must necessarily see that a sufficiency of funds are provided to insure the year's requirements being met. The estimated expenditure for all services was £9,110,699, and the amount actually spent £8,990,922. As the permanent appropriations exceeded the estimate by £11,612, the saving, I am pleased to say. was effected in the departmental appropriations, for which purpose £5,607,902 was voted and £5.476,513 was expended, the amount unissued being £131,389. In every class except Legislative there was a saving on the amount appropriated. Even the Railways, which had the authority by law to make use of the surplus revenue amounting to £208,263, did not require to trench upon this amount. It may also be interesting to honourable members to compare the expenditure on departmental appropriations of last year with that of the previous year. 1 rind that the amount spent in 1909-10 was less than that expended in the financial year 1908-9 by the sum of £98,970. A comparative table below will further go to show that there was a saving in eleven classes of no less than £210,223, while five classes show an increase of £111,253 ; but it may be desirable to point out that these classes comprised the Post and Telegraph (£41,226), Working Railways (£47,881), and Education (£14,712), in which the services cannot be cut down without impairing their efficiency or depriving the public of many conveniences. . 1909-10. 1908 9. Increase. Deoreaec. Legislative 28,634 29,28] .. 647 Department of Finance 73.757 96,457 .. 22,700 Post and Telegraph Departmeni .. .. ■• 855,862 814,636 41,226 Working Railways 2.168,189 2,120,308 47,881 Public Buildings, Domains, and Maintenance of Roads .. 86,729 85.596 1,133 Native Department 18,874 30,840 .. 11,966 .Justice Department 357,141 350,840 , 6,301 Mines Department 24,701 31,457 1 .. 6,753 Department of Interna! Affairs 256,466 344,566 .. 88,100 Defence Department 190,347 195,685, .. 5,338 Customs, Marino and Harbours, and Inspection of -Ma 122,782 131,321 .. 8,539 chinery Departments Department of Labour 24,212 30,277 .. 6,065 Department of Lands and Survey 205,538 232,167 .. 26,629 Department of Agriculture Commerce, and Touriste .. 189,914 219,690 .. 29.776 Education Department 862,946 848,234 14,712 Services not provided for .. .. •• •• 10.418 14,128 .. 3,710 Totals .. .. .. .. .. 5,476,513 5,575.483 111,253 210,223
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III
RESULTS OF THE YEAR. As 1 have already stated, the revenue for the year amounted to £9,238.261. to which may be added £656 derived from other receipts, making a total of £9,238,917 from all sources. The expenditure was £8,990,922, the excess of receipts over expenditure being £247,995. The results for the year may therefore be set forth as follows :— Ralance brought forward, Ist April, 1909 .. .. 184.321 Receipts during year, — Revenue . . .. .. £9,171.119 National endowments . . 87.142 Other receipts . . . . 656 ■j; £9,238,917 Expenditure during year, — Permanent appropriations .. ; 3,514,409 Departmental appropriations .5.466,095 Services not provided for .. 10,41 S 8,990,922 Excess of receipts over expenditure £247,905 Balance, 31st March, 1910 .. .. .. .. £432,316 It will be in the recollection of honourable members that when I made my Budget last year I estimated a surplus of £188,443, subject, of course, to provision being made for items on the supplementary estimates, which amounted to £95.221. This estimate, I might point out, included the balance brought forward from the previous year, so that the result must be very gratifying to honourable members. TREASURY BILLS. Some years ago the amount owing under this head was so large and constant that it was regarded as a part of the country's permanent debt. I announced to Parliament that the large amount then outstanding would be reduced. This has been fulfilled. The bills cannot be done away with altogether, as they must be issued in anticipation of accruing revenue to meet regularly recurring outgoings. They should, however, be resorted to only for this or other urgent purposes, and paid off within the year for which they are issued. The satisfactory diminution of this branch of the Dominion's indebtedness outstanding at the end of each financial year from the 31st March, 1894, is here shown :— £ £ 1893-94.. .. 811,000 1902-3 .. .. 700,000 1894-95.. .. 810,0(») 1903-4.. .. 700,000 1895-96.. .. 735,000 1904-5.. .. 700,000 1896-97.. .. 730,000 1905-6 .. .. 700,000 1897-98.. .. 730,000 1906-7 .. .. 550,000 1898-99.. .. 710,000 1907-8 .. .. 400,000 1899-1900 .. 700,( 1908-9 .. .. 250,000 1900-1 .. .. 700,000 1909 10.. . . 100,000 1901-2 .. .: 700,000 PUBLIC WORKS FUND. The balance from last year was £38;:!,709. This was increased by £1,964,883, being loan-moneys received, £1,962,225; other receipts. £2,608: making a total of 12,348,542. The ordinary expenditure was £1,998,171, charges and expenses, Ac. (including the redemption of debenture for f>soo) relating to loans, £18,016 ; transfer to
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IV
State Coal-mines Account, £24,990; total expenditure. £2.086,176; leaving a balance on the 31st of March last of t'312,366. £ Fjoan money to be received after 31st March — Under Finance Act, 1909 .... .... .... 260,000 Under Aid to Public Works and Land Settlement Act, 1909 .... .... .... .... 100,000 £360,000 The amount available to start current year, inclusive of the balance at the end of financial year, is .... .... .... .... .... t'662,366 LAND FOR SETTLEMENTS. For acquiring estates, and expenses incidental thereto, there was expended during 1909-10 the sum of £279,238. In the previous year the amount was £372,245. Particulars of expenditure and areas acquired in each provincial district since the system of purchasing land for settlements was commenced are shown hereunder :— Improvements, p, j, Incidental ExLttnd District. Number. -Area. penses. Roads, Preliminaries &c. Acres. £ £ Auckland. . .. .. .. .. 27 277,110 449,053 82,103 Hawke'eßay .. .. .. .. 26 193,414 1.205,631 76,450 Taranaki.." .. .. .. .. 4- 4,609 79,363 6,073 Wellington .. .. .. .. 26 60,824 473,629 60,797 Maryborough .. .. .. .. 9 114,979 354,463 44,905 Nelson 2 24,347 29,975 1,895 Westland.. 2 5,121 8,343 2,900 Canterbury .. .. .. .. 64 297,081 1,624,908 78,350 Otago '.. .. .. .. .. 30 203,686 967,458 83,549 Southland .. .. .. .. 7 56,917 213,387 19,315 197 1,238,091 5,406,210 456,337 I There are still considerable areas under offer, but the prices asked make it difficult to purchase any great area. During the year fourteen estates were purchased, ten of which have been settled. The number of applicants for farms containing an area sufficient to keep a man fully employed all the year round was far in excess of the number of sections offered. It would therefore appear that there is an unsatisfied demand for suitable lands in fair-sized holdings, which every effort must be made to meet. LAND AND INCOME TAX. Land-tax. The collection for the year was £642,270, being £17,270 in excess of the estimate of £625,000. It showed an increase of £37,370 over the collection of the previous year. In this connection 1 would point out to honourable members that we cannot look forward to recurring increases in the immediate future from this branch of the revenue. The legislation of 1907 is beginning to have effect, inasmuch as many of the large land-owners are now engaged in subdividing and disposing of their surplus land.
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V
IXOOME-TAX. £ The estimate for the year was . . . . . . 300,000 Actual collection . . . . . . . . . 316,835 (living an increase over estimate ol .. . . 16,835 The collection for 1908-9 was .. .. .. 321,044 For 1909-10 .. . . . . .. .. 316,835 1909-10 is therefore less than 1908-9 by . . . . £4,209 Having regard, therefore, to the comparative depression in trade during the year ending 31st March, 1909, which is the period for which the returns were made on which the income-tax for 1909-10 was charged, the above results must be considered very satisfactory. The percentage of expenditure to receipts <>! land and income tax revenue is collected in this Dominion at a very low cost: — Land-tax . . . . . . . . . . 3'll per cent. Income-tax .. .. .. ..I*B7 ~ Both taxes .. .. .. .. 2*70 LOANS TO LOCAL BODIES. The old s\ stem of the granting of loans by tin . Treasury under tbe authority of the Minister of Finance was superseded by the legislation of Inst year giving wider and more extended powers of lending to local bodies. When that Legislation was passed loans had been granted to some local bodies and no part of the loan was paid over. I consider that relief should be given in such cases. A Bill to enable such loans to be granted under the old system where they had previously been authorised, without fresh proceedings being necessary, will be introduced, to enable such loans to be "ranted by the Treasury. The total amount paid to local bodies last year was £245,357. Particulars will be found in the accounts submitted. THE PUBLIC DEBT. On the 31st March last the gross public debt stood at £62.168.407. This will show a reduction as compared with the previous year, but it in necessary to state that this is due to the transfer of £12,247,238 to the State-guaranteed Advances Department under the New Zealand State-guaranteed Advances Act of last session, being the amounts secured by assets under the Land for Settlement Acts—advances to settlers and workers, which arc not to be shown a> pari oi the Dominion's public debt, but are nevertheless an indirect liability, which are yearly being reduced by sinking funds provided against each of the loans, as well as an improving asset, from the fact that the annual repayments are yearly increasing the margin of what was the original security. During the year Loan-moneys or advances amounting to £3,554,938 were received. This amount was made up as follows : For £ Public works . . . . . . . . . . 1,950,225 Hutt Railway and Road .. .. .. .. 52,590 Duplication of lines . . . . . . . . 76.500 Lands tor settlement . . . . . . . . I 69.4Nf> Loans to local bodies . . . . . . . . 325,000 Advances to settlers . . . . . . . . 585,000 Advances to workers . . . . . . . . 300,000 State coal-mines . . . . . . . . 30,000 Scenery-preservation . . . . . . . . 10,000 New Zealand Consols . . . . . . . . 9,078 Increase by conversions . . . . . . . . 47,060 £3,554,938
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VI
On the other hand. £77,527 New Zealand Consols were paid off, and a debenture for £300, Aid to Public Works Act, 1901, which was outstanding, was redeemed. In considering our public indebtedness it must be borne in mind that a very large portion of it is directly interest-bearing, and. further, many millions of it have assets of values largely in excess of the amount of capital borrowed in respect of them. If we deduct the amounts so represented by assets such as railways, Native lands purchased with borrowed moneys, moneys advanced to local bodies secured on rates, the total amount will not be more than, say, £25,000,000. Considering the average and increasing wealth of our people, our vast resources, our expanding revenue, and the purposes for which the moneys borrowed have been expended, our public debt need cause no anxiety. For every million of our debt our assets may safely be said to have increased by three millions. Loans matured. The financial year ended 31st March, 1910, so far as regards loans falling due and requiring to be provided for, has been a heavy one. Debentures amounting to £2,140,450 fell due, and were duly provided for. Of this amount £1,739,500 was renewed, leaving £400,950 to be provided for by the sale of new debentures. In connection with the renewals, debentures for £40,000 which carried 6 per cent, interest were renewed at 4 per cent., and £548,900 4-per-cent. debentures were placed at a lower rate —viz., £465,400 at 3f per cent., and £83,500 at 3£ per cent. £1,011,600 (covering £949,600 4-per-cent. and £62,000 3j-per-cent. debentures) were renewed on the same terms. £139,000 3f-per-cent. debentures were renewed at 4 per cent. Position as follows : Amount matured : — £ I 6 per cent. .. .. .. . . 40,000 4 per cent. . . .. .. . . 1,689,450 3| per cent. .. .. . . .. 349,000 3| per cent. .. .. ... .. 62,000 2,140,450 Amount renewed : — 4 per cent. .. .. .. .. 1,128,60(1 3| per cent. .. .. .. . . 465,400 3| per cent. .. .. .. .. 145,500 .— 1,739,500 Paid off .. .. .. .. .. .. 400,950 New Zealand Consols. £478,573 fell due Ist February, 1910; £77,527 of this sum was paid off, and 1399,799 renewed at cent., leaving £1,247 outstanding. Loans maturing. The loans falling due during the preee.nl financial year amount to £621,943. This is what I am right in saying is one of our light years, and concerning which I do not anticipate any difficulty in satisfactorily arranging for them at maturity. Of this amount £42,500 has already matured, of which £41,500 has been renewed by bhe holders. Debentures for £1,000 have not been presented. A saving of interesi has been effected on the renewals. Of £25,000 bearing* interest at the rate of U per cent.. £16,900 has been renewed at 4 per cent. and.£B,loo at 3j per cent. The balance of £16,500 has been renewed at the same rate of interest—viz., 4 per cent. LOAN TRANSACTIONS. Authority to raise a loan of £1,250,000 for public works was obtained in the short session of last year, and a further sum of £1,000,000 was authorised in the second session for the same purpose, so that I had available borrowing-power for public works under these two authorities of £2,250.000. The London market was. however, unfavourable for the floating of the loans, and I therefore deferred going on
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VII
the market. During the year a large amount of money has been offered in fairly large sums for investment from beyond the Dominion at 4 per cent, par, and in each instance I declined them. I had an offer for £400,000 3|-per-cent. stock at £103 for every £100, which I accepted. It was not until April of this year that I was able to place our loan on the market : the general election in the Old Country, and other reasons over which we had no control, prevented our doing so before. The results of the notation of a 3|-per-cent. loan of £1.850,000 were most satisfactory. The money was raised at under five-years convertible debentures, holders to have, the option of converting their holdings into 3A-per-cent. inscribed stock at the rate of £102 of stock for every £100 of scrip or debentures. The loan was underwritten, but the underwriters had only to retain 17 per cent, of the loan. Even this, in comparison with other loans raised about the same time, was most gratifying: Ceylon issued a loan at 98J. and the underwriters had to take 90 per cent, of it: while of an Indian 3|-per-cent. loan, issued at 96, the underwriters had to retain 50 per cent. In financial circles the result of our loan was considered as very good indeed. The present high position of the Dominion's credit is shown by the result of this loan. There has been a large increase in the deposits in the Post-Office Savings-Bank, for which investments had to be found, and I have been able to provide sufficient moneys from that source to lend to local authorities at 3J per cent., brokerage and other loan charges being saved by this transaction. I have therefore not found it necessary so far to go on the London market for moneys for the State-guaranteed Advances Department. There can be no safer or better way for using these funds. The money belongs to our own people and the interest remains in the Dominion. The amounts borrowed under the State-guaranteed Advances Act between the date of coining into operation of that measure on the 2nd February and the 31st March amounted to ,£475,000. They are not shown in Table No. 4. That table includes moneys borrowed before the coming into operation of the Act only. RAILWAY CONSTRUCTION AND IMPROVEMENT. The expenditure under this heading was again somewhat heavy, having amounted to over a million and a quarter, made up as under:— £ Railway-construction .. .. .. .. 786,947 Additions to open lines . . .. . . . . 316,464 Wellington and Hutt Railway and Road Improvement Account (railway expenditure only) .. .. 30,813 R a ilways]lmprovement Account .. .. .. 81,249 Wellington and .Manawatu Railway Purchase Account 39,991 £1,255,464 The whole length of the Riversdale to Switzers Branch line was opened [or traffic during the year, and also sections of the'"North Auckland, Hokitika-Ross. and Orepuki-Waiau Railways, while sections of several other lines were sufficiently advanced to admit of goods-trains being run. I direct the attention of honou'able members to the large expenditure upon railways, and I trust they will recognise the activity in this respect such figures imply, which should satisfy the most fastidious that the Government is fully alive to the all-important work of railwayconstruction. ROADING. One of the most important factors in connection with the land-settlement in the Dominion is the construction of roads and bridges. The construction of railways has rendered large areas of land available for settlement purposes, but for the furtherance of closer settlement it is essential that facilities for transport to and from the railway of produce and material must be provided. Consequently, the construction of roads, more particularly in the backblocks or more recently settled localities, is a matter of the greatest importance to a large portion of our population.
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The total sum provided last year to enable the work of road-construction to be continued under all votes and accounts (exclusive of road-construction under the Wellington-Hutt Railway and Road Improvement Account) was €599,093. Notwithstanding the late period at which this money was made available. £121,015 was expended by various local bodies throughout the Dominion, while the Public Works Department expended £301,719. In addition to this expenditure, plans and specifications submitted by local bodies for further works estimated to cost £101,718 were approved, and Cabinet authority given for the expenditure of that sum; while work valued at £128,564 was being carried out by the Department at the close of the financial year, making a total for the year of works already completed or in progress of £653,016, or £53,923 in excess of the amount provided : thus demonstrating the practical sympathy of the Government with settlers by en dea yon ring to improve the facilities for better internal communication. With reference to the item for the " New Hutt Road and purchase of land," provided for under the Wellington-Hutt Railway and Road Improvement Account, there was a net expenditure of £28,469 during the year, making a grand total under all votes and accounts for 1919-10 of £681.485. MINING. The mining industry is being energetically developed, as is shown by the substantial increase in the value of the mineral production of the Dominion for the year 1909. The exports of gold, silver, manganese, and kauri-gum all show increases for the year over those of the previous year, details of which will appear in the Mines Statement. The advance in gold-production is fairly general, as increased outputs are recorded from the quartz-mining fields of Ohinemuri, Karangahake, and Reefton. though the returns from the Thames, Coromandel, and Otago fields are not quite so good. It is hoped, however, that when the deep-level prospecting operations at the Thames now being subsidized arc under way, fresh vigour will be instilled into that field. The Waihi Company's mine continues to hold its premier position in the ranks of the gold-producing mines, the value of the gold and silver won being £924,146 ; it is confidently expected that the returns for this year will exceed £1,000,000. This company has been granted a license to utilize the latent powers of the Horahora Falls for the production of electrical energy. With the cheap power that will be available, payable returns are expected from low-grade ores which at present cannot be profitably treated. A Commission was set up during the recess to inquire into the complaints made in connection with the damage stated to be caused by the mining companies of the Ohinemuri district by the deposit of mining debris in the river, and the report will be duly laid on the table. The export of silver is again a record one, the value of the output exceeding that of last year by £5,535. The coal-mining industry also continues to expand in proportion to local and foreign demands. Several new collieries have recently passed the development stage, and are now producing regular supplies. The value of the exports for last year exceeded that of the previous year by over £100,000. The search for petroleum is being actively carried on. and in several localities extensive operations are being initiated. Should any considerable deposits be met with the benefit to the Dominion would be almost impossible to estimate. WATER-POWER. New Zealand is exceptionally fortunate in possessing a number of lakes and of rivers of large volume Mowing rapidly to the ocean. The application of electric power to so many oees in modern civilization will more and more enhance the value of such sources of energy. With our varied minerals, forests, and water-power we should make rapid progress industrially, and it is desirable to prevent the exploitation by individuals of the wealth that it will be possible to create by the control of our waterfalls. Long after the la; t pound of coal in the Dominion is used vp —in fact. as long as the human race exist 1 ; in New Zealand— these rivers will continue to now. giving to future generations riches in abundance.
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Considerable attention was given some years ago to i he question of the utilization ul our abundant water-power, valuable reports upon the matter havuig been obtained from Messrs. Edmund Allo, L. .M. Hancock, M.A.1.E.E., and two reports from the late Mr. P. S. Hay, M.A., M.lnst.C.E., who then held the position of Superintendent Engineer of the Public Works Department. The matter has not been quite so prominently before the public during the last five or six years, though it lias neverdropped wholly out of mind, and proposals to develop different schemes have from time to time been made. The Government considers that the time lias now arrived to take the matter up with vigor, and proposals will be submitted shortly to undertake one or more power schemes, and to extend the work from time to time until all our larger centres of population have been supplied with hydro-electric power, and until our principal sources of energy have been turned to commercial advantage. It is proposed to devote about £500,000 per annum to this work; more detailed proposals in reference to the matter will be brought down in the Public Works Statement. Authority to raise this amount will be asked for. IRRIGATION. Besides the question of water-power there is also the allied subject of irrigation, to which considerable attention has been devoted lately. It is probable that in some instances power and irrigation schemes may be worked together—the one source of supply furnishing the water for both schemes. Very considerable survey-work has already been undertaken by the Public Works Department to demonstrate the practicability of irrigation schemes for Central Otago, and full particulars regarding the same will be submitted to the House shortly, with proposals for putting a portion of the work in hand. POST AND TELEGRAPH IMPROVEMENTS. A number of improvements of considerable importance have been carried out during the past year, with the object of increasing the efficiency of the Department and insuring greater economy in its working. When the changes now proceeding are completed it is expected that a saving of fully £10,000 per annum will result. It is intended to apply this saving to the improvement and acceleration-iof lettercarriers' deliveries, the establishment of rural mail-deliveries, reduction of parcelpost rates, and to contributions to settlers in aid of private telephone-wires. OCEAN MAILS. Notwithstanding strong efforts which have been made to induce the Commonwealth Government to allow the Vancouver steamers to call at Auckland, the proposal has not yet been agreed to. As Canada desires that New Zealand should be included in the service, I am unable to understand what practical objection the Commonwealth Government has in not agreeing to our request for New Zealand's inclusion in the present extension of the existing contract, which expires in July, 1911. In the meantime,the Government of Canada has called for tenders for a service. l>v alternative routes, including a call at Auckland. Tenders are receivable up to the Ist November, and there is reason to hope that under any new arrangement New Zealand will become a partner in the service. It would be a matter for regret if we have to establish a service of our own, as, failing an arrangement satisfactory to New Zealand, we can and must do. TELEGRAPH EXTENSION. The principal extensions during the last year have been in the direction of providing for an increased number of subscribers to the telephone exchanges, and opening seventeen new exchanges. The genera I demand by the public, both town and country, following the extensions of exchanges is for speaking-facilities over telephone-wires. Instead of sending telegrams, there is a desire by the people generally to speak to the person with whom they wish to communicate. The Department endeavours toVprovide such facilities wherever it can be shown that the service will be self-supporting. A large capital expenditure may be necessary to comply with the applications in this direction. The extension to new districts has been considerable, and enabled 121 new telephone-offices to be opened.
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Visits made by me to isolated districts in the Dominion have strengthened my conviction thai sonic suitable scheme should be devised with the object of providing telephonic communication to as many of the backblock settlements as possible. 1 propose, as a step in tins direction, to ask for an initial vote for the purpose of giving assistance to settlers who desire to construct private telephone-lines to connect with the nearest Government offices. WIBELEBS TELEGRAPHY. Tenders have been called lor two high-power wireless telegraph-slat ions, at Doubtless Bay and the Bluff, and three medium-power stations, at or near Gisborne, Cape Farewell, and Sunnier. These should supply all requirements in the meantime for defence, nival purposes, and the mercantile marine. It is hoped to have the system in operation in about twelve months' time. RETRENCHMENT. Very meat savings have been effected in the public service not only by dispensing with the services of many oHicers, but in other ways resulting from the amalgamation of Departments and enforcement of economies wherever possible. The duty of retiring many old public servants was a most unpleasant and painful one. It was one that had to be. faced, however, and the results are very important to the taxpayer. Over £300,000 per annum lias been saved to the country by the application of the retrenchment system. The improved condition of things and the growth of the business of the different Departments resulting therefrom, make further retrenchment impossible without seriously impairing the efficiency of the public service. PUBLIC SERVICE CLASSIFICATION. The recent amalgamation of Departments and extensive retrenchments upset in a great measure the classification which had been almost finished by the Board appointed under the Act of 1908 ; otherwise the report of the Board would have been presented to Parliament last session. The work of classification of the service is a very heavy and tedious one. It requires a continuously sitting body to now complete the matter, and the heads of Departments constituting the present Board cannot possibly do the work. The intention is to legislate with a view of appointing a smaller Hoard say, of five responsible officers of the service—who, with the work already completed by the present Board, should be able to have their report ready for the next session of Parliament. PUBLIC SERVICE SUPERANNUATION FUND. During the year ended 31st December, L 909, the income amounted to £108,339 2s. Bd., and the, outgo to £25,272 2s. 5cL, leaving the sum of £83,067 <>s. 3d. to be added to the fund, which at the end of the year totalled £154,548 Is. Bd. The amount contributed by the officers themselves during the year was L 82.890 Ids. 3d., the balance of the income (which more than covered the whole outgo) being made up of Government contribution, £20,000; interest, £5,318 10s. lid.; and .fines, £130 Is. 6d. It is gratifying to find such a substantial increase in the interest earned by the fund, the amount received last year being £1,294 18s. 6d. As the fund is increasing rapidly, and is practically all invested either at 5 percent, or 41 per cent., a great increase in the interest-accretions may be expected in the future. The outgo of £25.272 2s. od. includes pensions to members, and to widows and children of deceased members, £17,5(>2 se. !)d.. as against £3,355 11s. 7d. for the previous year ; contributions refunded, £3,627 13s. 4d. ; compensation, £2,343 4s. Bd. ; and expenses, £1,438 18s. Bd. The number of contributors at the beginning of the year was 7.235. New contributors to the number of 717 joined during the year. while 630 discontinued contributing, having either left the service with refund of contributions, retired on pension, or died. The total number of contributors at tinend of the year was 7,322, or a net increase of 87. Considering the large number of retirements. &c, brought about by the recent retrenchment, t he posit ion of 1 he fund as
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stated must be considered as very satisfactory. In accordance with the legislation passed last session, the Police Provident Fund was merged with the Public Service Superannuation Fund on the Ist April. 1910, the amount transferred being !:.■)•_'. l>o4 7s. Id., and the number of contributors 785. The police are now entitled to the same benefits as the rest of the service, and the fund is on a satisfactory footing. POST-AUDIT. It is intended to. as far as possible, change the preseni system, where it exists, of pre-audit to that of post-audit. The business of the country done, through Government Departments will thereby be imichjfacilitated. There is no necessity to have small payments, obviously due, preaudited. The large sums paid out by the Public Trust Office have for nearly twenty years been audited after payment. The greater number of the payments by the Post Office are likewise post-audited. Under the post-audit system the responsibility of the authorizing officers Eor the payments which they sanction is brought home to them. The officers administering a Department have the knowledge necessary for them to determine whether or not a charge is a proper one. The Audit Office has not the special knowledge of each particular ease. In pre-audil the responsibility rests with the auditor, and should lie more equally divided. With the paying-officer under the present system, the motive for prudence is less etrong. If there is a difference of opinion between the audit and the Department under the pre-audit system the person to whom the money is due suffers by the delay. The change has been decided upon alter careful consideration, and the public will be benefited by it. Where large sums have to be paid away, and the safety of such transactions depends upon some questions of title, such as purchases under the Land for Settlements Acts or advances of State moneys on mortgage, pre-audit will be retained. DEFENCE. The important question of defence }jas engaged the attention of the (Tovernment during the recess, and, in view of the changes in the system consequent on Field-Marshal Viscount Kitchener's report, it will be necessary k> ask Parliament in make considerable alterations in the Act in order to place the defences of New /calami on a sound fooling, and a iiill with this object is now before Parliament. I may here remark that the name of the Dreadnought is to be ■' New Zealand." not " Zealandia " as was announced by me a short time ago. The change is consequeni upon a suggestion from the Admiralty that the new Dreadnought should be named "New Zealand," they at the Mime time expressing their willingness to change the nomenclature of the present cruiser of that Dame. The Government readily acquiesced in the suggestion, and the "battleship given by this country is to be called after our Dominion " New Zealand." which I think it will be agreed is most appropriate. Upon our recommendation it has also been decided that the existing cruiser of that name is to be renamed the " Maori." Visit ok Lord Kitchener. In connection with Field-Marshal Viscount Kitchener's visit to New Zealand a special memorandum has already been laid before you. and I feel sure you are fully conversant with its contents. I may mention that one part, of the Field-Marshal's report deals entirely with the fixed harbour defences of this I Mminion. and, being of a confidential nature, it necessarily follows that it cannot he made public. I feel sure the good results that will accrue from the Field-Marshal's visit will be of a lasting benefit to this Dominion. However much we all deplore war. we cannot close our eyes to the fact that every nation has in recent years been arming itself at a great rate, and has also been devoting itself to the all-important question of efficiency, both on land and sea. We have a valuable possession in our charge, and conse-
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quently it is our duty to see that our own house is put in order with as little delay as possible. With this object in view I mid confident the people of New Zealand will welcome the change from our previous condition, and ussist in establishing a practical and efficient system of defence, in order that, should the occasion arise, we may have available a body of thoroughly trained and efficient men. Volunteers ok the Past. Having regard to the fact that the defence system of the Dominion has been entirely changed, 1 feel it my duty to acknowledge the good work the men who have composed the Volunteers in the past have accomplished. As indicating the keen interest that is being taken in the defences of our country, I may say that at the present time the numerical strength of the Defence Forces throughout the Dominion has never been so great, even during the time of the South African war, when admittedly the movement was abnormally active. The officers, non-commissioned officers, and men of the Volunteer forces of the past have given cheerfully a large part of their valuable time in the cause of defence. To one and all of them I tender, on behalf of the country, my warmest thanks for their sen ices. I feel confident thai the same spirit that has prompted them in their efforts in the past will continue. and that the territorial system will receive the generous support from such good material as will insure its successful establishment and its smooth working. OPERATIONS OF NATIVE LAND ACT. Native Land Conn-. The work of the Native Land Court shows, in the number of cases advertised, a decrease in comparison with the previous twelve months. A total of 9,055 cases were scheduled for hearing, the number of Gazette notices being eighty. To deal with the business, the Court has held sittings in twenty-seven different localities. Onlya small percentage of the cases advertised were what are termed "old claims. , ' Although the Court was handicapped with a small judicial staff, it is satisfactory to note that the work has been fairly well kept up to date. During the twelve months under review the Court investigated the ownership of a total area of 113,281 acres hitherto unclothed with, a title, and has also dealt witlr.'ilo partition applications affecting an aggregate of 148,370 acres. Korty-eight appeals were set down for healing by the Native Appellate Court, which is a noticeable decrease, as compared with the figures for the preceding year. The revenue derived per medium of Court fees payable to and received by the Courts Eor the financial year ended March, 1910, amounted to £3,391 9s. 9d.' Since the coming into operation of the Native Land Act, 100!), a system of circuits has been arranged. The advantages are very apparent. Applicants now know the time when and place where the Court is going to hold a sitting months ahead, and they can make necessary arrangements for attendance. This conduces to expedition of business. At this early stage I do not think it wise policy to suggest any amendments of the law, as I am of opinion that at least twelve months' working should be allowed to elapse before any alterations are made in the statute. In such a large consolidation measure some weak spots are sure to be discovered. Maori Land Boards. The Boards have been kept actively engaged in the revision and the confirming of private alienations, and in the administration of considerable areas of trust lands. During the period under review 371 leases were approved of by the Board, the area comprised therein amounting to 265,122 acres: in addition to which sixty transfers, comprising 5,134 acres, were consented to, and twenty-six mortgages, comprising 3,292 acres, were recommended. The aggregate area of lands administered by the Boards totals 941,(577 acres. 920 leases of a total area of 245,444 acres have been granted. Schemes for cutting up and roading the remaining areas are now under consideration, and in several cases completed, only awaiting final approval.
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Settlement of the greater part of the area has been delayed for want of surveys, and arrangements have been made to expedite them. This is necessary in order to place the land on the market, and comply with the provisions of the statutes. EATING ON NATIVE LANDS. An amendment of the Hating Act is necessary bo facilitate the collection of local rates from Native lands, and to provide for the proper enrolment of Nal ive ratepayers. The communistic nature of the bulk of the titles makes the question difficult and complicated. It is hoped that the legislation which will be submitted will remove many of the difficulties. NATIVE TOWNSHIPS. The legislation now on the statute-book relating to the.se was framed at a time when many obstacles stood in the way of forming European settlements in purely Maori districts, such as the King-country, Upper Wanganui, and the East Coast. After much negotiation the Maori owners agreed to cede land for townships, to he administered by the Crown or Maori Land Boards on their behalf. The tenure was leasehold. The growth of settlement in and around the townships established under such system necessitates a change. Many of the Native owners desire to sell, while the tenants desire to purchase. It is therefore proposed to permh arrangements for that purpose to be made either by private sale or through the Crown acquiring. The machinery of the Native Land Act, 1009, will he utilized. An alternative will be suggested to tenants to convert their present leases into Glasgow leases. OTHKR NATIVE MATTERS. The Government propose to repeal the Thermal Springs District Act, 1908, and, subject to certain conditions, to make lands within that district available under the Native Land Act, L 909. The West Coast Settlement reserves and other Native reserves will also be dealt with. LAND. The all - important question of closer settlement of the lands of the Dominion, both private and Crown, has been receiving the closest attention, and the Government will shortly bring down a Land Bill which will, it is believed, be acceptable to a majority of the people of this country and of the members of this House. The special aim of this Bill will be to provide a further and a better means of obtaining laud for the people, while the difficult question of tenure will be placed upon a footing which conserves in reasonable degree the rights and interests of both the State and the settlers. In order to further the main purposes of this Bill, important amendments of the Land Settlement Finance Act of last year will be submitted to you. It is confidently expected that these will extend the scope and make more effective the machinery of the existing legislation. LAND SETTLEMENT FINANCE ACT. This Act came into operation on the Ist January, consequently there has been very little time to do much under it. However, there are already several associations under way. Two associations have completed purchases, and a third is just about completed. It is a measure likely to facilitate the settlement of the lands with a good class of settler, and it is anticipated that when the provisions of the v Act become better known many more associations will be formed. In putting the. Act into operation several weaknesses have been discovered. One of them is the necessity for the survey of an estate before the Board can consider an application by an association to purchase. At the commencement a simple and inexpensive agreement would, perhaps, meet all requirements, and when the Board has considered this, and expressed its opinion as to whether or not the land is suitable and the price reasonable, a more formal contract could be entered into.
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The present limitation of area is a difficulty. Very few estates likely to be sold under the Act are all of such a uniform'<|uality that they can be profitably held, even in 200-acre sections. The size of be left to the Board to fix. As a. great deal will depend on the'kind of men who will purchase land [under the Act, the Board should have power to examine on oath applicants as to their fitness to successfully work an allottment. The Act, lam convinced, will yet be of great benefit tojthe Dominion. When it is amended in its weak spots, andjmore widely understood, advantage will be taken of its beneficial provisions to an extent undreamt of at present. STATE-GUARANTEED ADVANCES DEPARTMENT. The business during the year was as follows: Number of loans granted to settlers, 2,745, amounting to £1,095,120; to workers, 1,359 in number, amounting to £362,352. The amount advanced since the Department commenced operations, including sums repaid and loaned again, is— to settlers, £10,245,265; and to workers, £1,074,225 : making a total of £11,319,490. The Board of the Office, after full consideration, has decided that the present term for repayment of loans to workers —36| years—is too long, and in the interests of safety has recommended a reduction ; and, further, that there shall be two classes of security, first and second— moneys lent on Hist-class securities being repayable in thirty years, and on second-class securities in twenty years. As most of the loans arc on wooden buildings, with in many cases sections <>l small value, the present repayment term should be shortened. Having regard to the great advantages enjoyed by borrowers under this system, the low rate of interest paid, the preparation of mortgages free of charge, the small fees charged, and the large amount lent in proportion to the value of the security, no reasonable objection can be offered to the shortening of the present term. The system brings more than the advantages of a building .society to the workers in every part of New Zealand ; and, as it is desirable to still further extend its usefulness, it has been decided to furnish intending borrowers with complete plans and specifications of different types of buildings suitable for workers, costing from £200 up to £450, the maximum amount to be lent. The buildings will have baths, hot water service, and convenient internal arrangements. This will enable the borrower to at once select the type of home he desires within a wide range of choice, and get plans and specifications which have been prepared by an expert, free of charge. This will also be of great value to the Department in gettinglfor its money a better class of building as a security than at present. In order to prove that there will lie no hardship in repaying the principal moneys more quickly than at present, these figures will show what will have to be paid per week for buildings of six different values :— First Cla Scrond Class: Cost of Building. 30-years Loan. 20-years Loan. Per Week. Per Week. £ s. d. s. d. 200 .. .. .. .. 4 !l 5 11 250 .. .. .. ... 5 11 7 5 300 . . . . .. 1\ I 9 0 350 .. .. .. ..Si 10 I 4(10 . . . . .. ..96 11 10 450 .. .. .. .. 10 9 13 4 It will be seen that to repay in twenty years a loan of £450 a worker will be paying no more in principal and interest than he would have to pay for rent for a decent horne —in fact, less than many are now paying. As it is intended to place the investment of sinking funds for the repayment of Mic public debt of the Dominion in the hands of the State-guaranteed Advances Department, every precaution must be taken to diminish risks in the securities taken. In a few years' time the amount which will be advanced by the Board to settlers and workers and local authorities will be very large, and caution to avoid losses is necessary, whilst the usefulness of the institution must not be diminished.
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LOANS TO LOCAL AUTHORITIES. These are now granted by the Hoard of the State-guaranteed Advances Office. As was anticipated, a very large number of applications were received since the coming into operation of the State-guaranteed Advances Action the Ist February. The total applications for loans received from that datejjto the 30th June numbered 188, and amounted to £1,670,948. Of these applications. 28. lor £604,820, were declined ; 131, for £7.54.047. were provisionally approved ; and 24. for t184,491! were finally approved—that is, granted ; and five/for £27,590, were postponed. ' At the beginning the Board decided that, as applications were likely to be in excess of.funds available, those for necessary works, such as roads, bridges* drainage, and water-supply, should have preference. Applications for electric-light installation, town halls, recreation-grounds, and other tilings of that kind were refused. The struggling settler whose children cannot get to school lor the want of a bridge, or whose wife cannot receive medical aid at a critical time through the impassability of roads, must be considered first. There will be a very large development of the Loans to Local Authorities Branch of the Advances Office in the near future, and alterations of the procedure in obtaining loans will be made. At present it is unnecessarily complicated. In this country, where many of the local authorities are situated in remote localities where skilled advice is not obtainable, the raising of the loan presents great difficulties. Often defects in the steps taken are discovered which have to be remedied by Orders in Council, and sometimes the whole of the proceedings have to be gone through over again. This means much expense and vexatious delays. In one case that came under my notice a sum of £300 took eighteen months to* get, and cost the local body £30. My intention is to so simplify the procedure that, Jafter the wish of the ratepayers that the loan should be obtained is clearly expressed, the whole of the remaining work to complete the borrowing operations can and will be undertaken by the Department. The time for raising any objections by a dissatisfied ratepayer to the validity of the proceedings will be reasonably limited. After the expiration of the time fixed, no legal steps can be taken to have the proceedings invalidated. These reforms will greatly assist local authorities, as they will simplify, cheapen, and shorten the present troublesome business of obtaining a loan. The restrictions on borrowing-powers of local authorities, very desirable in some cases, are not necessary where the ratepayers are fully consulted before authorizing the loan, and the lending Board is completely independent; and has no interest in the matter beyond being satisfied of the legality of the purpose of the loan granted and the sufficiency of the security offered. The term for repayment of loans by local authorities might reasonably be extended'to fifty years. It would make the instalments lighter. For cadi QOO the instalment of principal and interest at 3J per cent, with a term of repayment of 36J years is £4 17s. 6d. per annum. For fifty years it would be £4 ss. only. Even at 4-per-cent. interest the annual instalments would be only £4 13s. lid! per £100. Money may not always be obtainable at present rates. After a' short experience of the working of the system I am satisfied that the charge made by the Department—namely, a commission one half of 1 per cent.—is too low. On a loan of £1,000 a fee of £5 is paid, and everything in connection with the loan has to.be carried on for 36 J years on this fee. In addition, the costs of raising the loan must be paid. A difference of one-tenth of 1 per cent, would be a very slight charge, but it would probably pay the cost of raising the loan, and the interest lost while funds were waiting investment. i:\TINCTION OF PUBLIC DEBT. Although the public and private wealth of the Dominion exceeds by so much its total liabilities, public and private, and is, as I have already stated, increasing three or four times as fast each year, and our credit is very high indeed, I have determined to introduce a scheme to repay the whole of our present debt in seventy-five years, and to provide that all future loans will come under it, and be extinguished in that time after their creation.
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Most of our borrowed money has been applied to useful public works, and splendid assets can be shown for it. In this respect we arc fortunate, compared with other lands, whose constantly increasing burdens are the results of wars or the preparation for them. If a sinking fund were created, and the funds thereof advanced to settlers and local bodies, there could be no reasonable objections. There would be no fear of such funds being annexed. This would be impossible, as they would always be closely invested by being lent nut to hardworking settlers and local bodies, and the repayment would extend over a large number of years. At present the consolidated revenue i,s paying annually to the Public Trustee as sinking funds : — On old war loans, under section 54 of the New Zealand £ Loans Act, 1908 .. .. .. .. 39,950 Under different Loans to Local Bodies Acts .. .. 52,358 It is intended to discontinue such payments to the Public Trustee, and in future to invest them, together with the interest on the sums already accumulated by the Public Trustee, in loans to settlers, workers, and local authorities. These investments will be made by the State-guaranteed Advances Board under carefully drawn regulations. The body controlling the sinking funds will be the present Commissioners of the Public Debt Sinking Funds, constituted under the provisions of section 47 of the New Zealand Loans Act, 1908 —namely, the Minister of Finance, the Speaker of the House of Representatives, the Controller and Auditor-General, and the Public Trustee. The funds will be kept apart from those of the other branches of the Stateguaranteed Advances Department. The Superintendent will be made a Commissioner, but will be under the direction of the Board. The past experience of the Commissioners and the Advances Board will be most valuable, and the whole business can be carried on at a minimum of cost. Our present debts not provided with a sinking fund or internal reserve for their repayment amount in round numbers to £63,000,000. A sum of £140,500 per , annum, inclusive of the present annual amounts paid to sinking funds, will require to be set aside under the proposal to repay that amount in seventy-five years, and the balance provided by the consolidated revenue; and this I can see my way to do. The amount to be paid into the fund will, of course, vary each year according to the then amount of the public debt. The sum required will be certified to b\ the Controller and Auditor-General within thirty days after the close of each financial year, and the Minister of Finance shall before the end of the following financial year, in such sums and at such times as may be required by the Stateguaranteed Advances Office Superintendent for investment, pay over the total out of the consolidated revenue. The moneys may be lent by the Advances Board on fixed loans or on the instalment system; but in granting loans the Board will take into consideration the amounts that may be required to wholly or partly repay any loan maturing in the future. When a portion of the public debt is repaid before the expiration of seventyfive years from the time the accumulation for its redemption is commenced, the fund must be replenished by an annual payment to equal the consequent loss of interest. Suppose that in twenty-five years the Board decides to repay £1,000,000 of our debt. An annual contribution must thereafter be made which, with accumulations thereon during the remaining fifty years of the term, will equal the amount which the interest >n*tliis £1,000,000 would have reached if allowed to accumulate. The amount of the annual sum will depend upon the interest being earned by the fund. If it is the same as that of the £1,000,000 redeemed, the annual payment to the fund will equal the interest saved by the repayment. Suppose the interest on each is 4 per cent., then £40,000 yearly will be saved by paying off the loan, and thereafter this £40,000 will be paid into the fund. If the interest then being earned , by the fund is 4\ per cent., £37,500 only of the annual £40,000 interest saved by discharging the loan will be required. If less than 4 per cent, is being earned, more than £40,000 annually must be added to the fund. It will be merely the interest saved on repayments (a little more or less) diverted to take the place of that of the paid-off capital which would otherwise be accumulated.
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By these two simple provisions—the payment into the fund each year of an amount sufficient to liquidate the whole of our then-existent debt in a given time, and the application of the interest saved to sustain its equilibrium whenever loans are paid off, the adjustments will be automatic, and the fund always remain actuarially sound no matter what interest is being earned or how much is borrowed or redeemed. As a corollary to the establishment of this fund I propose to submit a Bill asking lor authority to create stock under which all our loans can be consolidated. All documents relating to the issue of such stock will have conspicuously printed on them the fact that a sinking fund to insure the discharge on maturity of the loans they represent is in existence, and will be maintained. This pledge, in addition to giving a feeling of security to the holders, must have a powerful effect in preserving the fund intact. The repayment of our loans need not give us much concern for many years, if we have a substantial and growing fund, with the money safely invested, to meet them in future. The accumulations can be set off against our liabilities. The amount will grow slowly at first, and it would be better not to commence repayment of our loans until a large r sum was'avail able. l !? These figures will show its strengths t periods of five years for seventy-five years, supposing the annual amount of £150,000 is paid into the fund. Number of Amount. Number of Amount." [| Years. £ Years. £ 5 .. .. 812,400 45 .. .. 18,154,360 Id .. .. 1,800,900 50 .. .. 22,900,050 If) .. .. 3,003,450 55 .. .. 28,673,850 2(1 . . . . 4,466,700 60 . . .. 35,698,500 25 . . . . 6,246,750 65 .. .. 44,245,200 30 .. .. 8,412,600 70 .. .. 54,643,500 35 .. .. 11,047,800 75 .. .. 67,294,650 40 .. .. 14,253,750 The amount annually paid will, of course, vary, increasing as our debts grow, and decreasing as they are reduced. Power will be given to purchase for cancellation (lovernment debentures at or below par should there be a surplus of funds that cannot otherwise be invested. Considering the great and growing demand for money in the Dominion for development purposes, there need be no apprehension as to the failure to invest the funds. Probably if not a penny of our debts were repaid for the whole term of seventy-five years the sum that the fund would then represent could be safely absorbed by our settlers, workers, and local bodies, without seeking any other investment whatever. Looking back along the path we have come during the last fifty years in this Dominion, we must be profoundly impressed with our rapid growth ; and who will be found so pessimistic as to say that we have reached maturity, and our development must now cease ? It will not for a century at least, and our plans must be laid accordingly. The fertilizing streams of capital that will in future years percolate to every part of this country through the creation of this fund must have a great effect in assisting in its development. It will be observed that nothing will be done to disturb the sinking funds at present being accumulated to discharge a loan under any Act or Ordinance by which on raising it a sinking fund was agreed to be created for its repayment. It would be highly improper to apply such sums, or divert any contributions rightly due to them, to the repayment of the general loans of the Dominion. They are insignificant in amount, but their continuance must be safeguarded religiously. Such a proposal as this is truly of national importance, and I trust it will receive the support of all lovers of their country inside and outside this House, and that those who come after us will respect our wishes to share the burden of discharging the Dominion's obligations, and not violate the trust created by us for that purpose. I have sufficient faith in the public men of the future of this country to believe that nothing will be done to destroy the work we are now engaged upon, but that with increased prosperity the contributions to the fund may even be increased in order to shorten the term of repayment.
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NATIONAL ANNUITIES. It is my intention to ask Parliament to place on the statute-book this year a scheme for National Annuities. The proposals embodied in the Bill introduced hist year have obtained the widest approval in this country, but further consideration has necessitated some alteration of its structure. Its main aims, however, are preserved—namely, those of providing an annuity for all men and women who choose to join the scheme ; and, secondly (and this largely at the expense of the State), to relieve by contributions, in proportion to the number of children, the hardship which falls upon a worker's home from his sickness or accident,. The contributions under the Act are low enough to enable any thrifty worker to obtain its benefits. It is a measure worthy of the support of every humanitarian. By a moderate payment in the years of his or her prime a contributor will be assured from want in old age or infirmity. Widows and children of contributors will be provided with assistance— the widow during widowhood, and the children until the age of fourteen. Such a system will remove the fear and anxiety of the worker as to his future and that of those dear to him, and should do much to encourage thrift. MATERNITY. Considerations both of the State's permanent welfare and of humanity must impress our people with the wisdom of providing a scheme whereby the wives of our low-waged workers and poorer small settlers may be relieved of some of the anxiety which at present accompanies motherhood. Legislation will, therefore, be introduced this year providing for the co-operation of Hospital Boards with the Government to provide a proper measure of relief in these cases. Until an adequate supply of midwives and sufficient accommodation in our hospitals for maternity cases can be furnished the Hospital Boards will be asked to make immediate arrangements for medical attendance upon expecting mothers in their own homes. The expense of this attendance will be defrayed partly by contributions from the husband, and the remainder out of the Consolidated Fund. It is proposed that in the cases in question the Government should pay twothirds of the cost. In order that this provision should not be abused, it will apply only in cases where the earnings of the workers or settlers are under £200 a year. The scheme involves a good deal of detail provision which will, of course, be submitted for your consideration in the Bill itself. UNEMPLOYED. Legislation will also be introduced providing that our different policestations throughout the country districts of New Zealand shall discharge the functions of local labour bureaux, the purpose of this provision being to furnish unemployed workers, on the one hand, with reliable information as to where work may be obtained, and, on the other hand, to furnish employers with similarinformation as to where labour is available. The general purpose of this provision is to enable labour to more promptly find its best market. ANTI-TRUST LEGISLATION. One of the disquieting features of our advancing civilization is the parasitic growth of combinations for the purpose of preying upon the body politic. In other countries less favoured than ours they have become a gigantic evil, necessitating tremendous efforts to keep them in reasonable subjection. Strong arguments may be advanced in favour of wider organization in industries than formerly existed. Cheaper production and less waste in distribution enable commodities to be supplied to the consumer at a much less cost than in the early stages of our industrial development. It cannot be denied that there are many advantages in connection with production and distribution on an ; but when smaller rivals are crushed out and competition eliminated, the temptation to exploit the consumer becomes irresistible, and in all countries these " trusts " become predatory in character at a certain stage of their growth. They then resemble the cells of the body that have changed into a cancer, which, unless removed or checked in its malign course, tends to destroy the remaining cells of the organism.
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Owing to the State owning the means of transport and communication, New Zealand cannot suffer as other countries have where trusts have got control of railways, canals, and telegraph-lines. The position is, however, sufficiently grave to warrant drastic legislative provisions to keep them in check, and such will be submitted to Parliament this session. The evils of monopolies are not confined to the countries where the trust originates. Their baneful influence may be world-wide. An example is the American Standard Oil Trust. There are others. Such organizations have been levying toll on the inhabitants of the Dominion to an incredible extent, and have by their monopolistic power been able to prevent the full advantages of the recent tariff concessions reaching the consumer. By such rapacity every man, woman, and child in New Zealand has been injured. BEET-SUGAR. There seems no reason why this country should not produce beet-sugar in large quantities. Such an industry would give employment to a great number of workers, and Parliament will be asked to consider legislation with a view to the establishment of the beet-sugar industry in the Dominion. Any aid given towards such a project must be conditional upon the country preserving the fight to acquire and control it after a given period of years. The matter is an important one, and worthy the careful consideration of honourable members. Full details will be submitted in the Bill that will be introduced this session. LOCAL GOVERNMENT. The necessity for a carefully considered system of local government has long Ween apparent. The multiplicity of local authorities in the Dominion, and the absence of uniformity in their administration, the overlapping of duties, and general waste of money and effort consequent thereon, are weJl known, and require remedying. Full opportunity will be given to Parliament to discuss the contemplated reforms, with a view to placing the whole matter on a sound and extended basis. It must be remembered that the present condition of things has been so long in existence that radical reforms must be cautiously proceeded with. There are, altogether, more, than five hundred County Councils, Borough Councils, Town Boards, Road Boards, River Boards, Water-supply and Drainage Boards in this country. Of IHB of these Boards the revenues are less than £500 per annum, and the proportion of expense to revenue of these varies from 17 to 26 per cent., as against less than 10 per cent, for counties and 5 per cent, for boroughs. A Local Government Bill consolidating and amending the existing law will be introduced this year. It will remove existing difficulties disclosed by experience in ouv local-government statutes, and will, moreover, extend and facilitate the present powers of local bodies. It is recognized that the areas of many local authorities in this country must, be redefined. In certain cases these areas must lie reduced, in other cases they must be substantially increased. The aim of the proposed Bill is to make these areas as practicable and suitable for the purposes of local government as possible, regard being had, of course, both to population and geographical conditions. This proposal necessarily involves the extinction of a number of existing local bodies, but this principle of extinction will be carried no further than is plainly necessary to secure the best results. Effective provision will be made for the subdivision of the new areas into wards or districts, and a further safeguard furnished that rates raised in particular districts will be spent in them and not elsewhere. The Bill will also provide for a transfer to the new Councils of all the work and functions of our existing Education Boards, care being taken that this important branch of the country's work is to be carried out by a divisional committee and under more effective conditions than exist at present. Under the extended jurisdiction of the local authority the Government proposes to transfer the work of the building and maintenance of schools, providing the whole of the money for the former and a contribution for the latter. To insure the decentralization of maintenance votes now annually passed by Parliament, I propose to provide a sum at the beginning of the system of f 250,000 per annum. This will require to be done upon a proper basis. Those
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XX
local authorities who rate themselves to the extent of the fe and over would necessarily receive more consideration than those who rate under this amount. The whole question is one surrounded by considerable difficulty, and I trust when the Bill is circulated both to the House and to local bodies throughout the country the proposals wilt be fully considered with a view to making our Local-government law as efficient as possible. The intention is to create larger bodies, and give them greater powers than they possess at present. r EDUCATION AND LIBRARIES. The restoration of the votes for School Committees and for libraries will give as much pleasure to those concerned ass to the Government in restoring both items. I also hope to make additional provision on the supplementary estimates for the maintenance and rebuilding of schools. The amount on the main estimates is about the same as was voted last year, but it may lie found necessary to provide still further funds for this important purpose. FINANCE FOR 1910-11. I am pleased to be able to say that the outlook for the present financial year is very satisfactory. The operations of the year should give a considerable balance on the right side of the ledger. Expenditure. This is estimated at £9,316,470, against the actual expenditure of £8,980,504 during last year. There will be increases as follows: Permanent charges, £157,701 ; departmental, 1:178,2(35. The permanent charges will, of course, increase as the amount of interest on our public debt grows. Principal increases are, — £ Interest .... .... •••• •■•■ •■•■ 75,327 Land Act .... ... 17,696 Old-age Pensions ... ■■ 26,18<» Contribution to Railway and Police Superannuation Funds .... 28,000 Departmental expenditure will amount to £5,644,360, being £178,265 in excess of last year. The principal increases are,— £ Post and Telegraph .... .... .... .... 57,871 Railways .... ... .... •■•• 55,086 Education .... ... • ••■■ 66,399 Defence '22,350 The first three are due to expansion of business, and that of Defence to the alterations in the system. Revenue. My estimate of the revenue for the current year is £9,611,575, being £373,314 in excess of that of last year. The Customs revenue promises to show a large increase. I estimate the total for the year at £2,850,000, and Railway revenue at i' 3,250,000. The revenue derived from Customs for the first three months of the present financial year shows the satisfactory increase of £71,000 over the amount received for the corresponding quarter of last year. This is, no doubt, the natural reaction consequent upon the great surplus of exports over imports during the year just closed. This surplus amounts to £6,128,438, while the value of the exports, as [compared with the value for year ended 31st March, 1909, shows an increase of £4,475,273, the figures being £21,490,519 against £17,015,246. Commercial advices are that heavy stocks of goods are on order and afloat, and there is every reason to expect that the Customs revenue for 1910-11 will amount to £2,850,000, including £55,000 surtax and £55,000 from parcels-post, being an estimated excess over the amount collected last year of £178,875.
8.—6
XXI
The excise duty on beer for 1909-10 was about the same as usual—namely. £115,000; and, as there is no [reason to expect any material alteration during the current year, the estimate for 1910-11 is set down at the same amount. The cost of collecting the Customs revenue and beer duty should not greatly exceed per cent., the exact figures for the year just closed being 11 11s. Bd. per cent. 1 estijnate that under existing rates, and not taking into account any possible alteration in the law, land-tax will produce £626,000, and income-tax £325,000, the two giving a total of £950,000. These two sources of revenue are now providing nearly a million a year. For the reasons given before as to the effect of the legislation of 1907. I do nol deem it wise To expect more from the land-tax than the sum mentioned, winch is a 7,270 less than collected in 1909-10. As regards income-tax, my estimate is IN. 165 more than the collection of 1909-10. but, having regard to the improvement in trade and commerce during the latter part of the year ending March last (for which the returns will be made), there is very little doubt this will be achieved. 1 have pleasure in placing the estimated results before you, and I think they may be relied on as being on the basis of a safe estimate, and I am entitled to say that it gives a very strong position for the current year. I have estimated the results to be, — j. Balance from last year .... .... .... 432,316 Estimated revenue for 1910-11 .... .... 9,611,575 10,043,89] From this 1 deduct the estimated expenditure .... !),316,470 And the balance at credit at the end of the current financial year is .... .... .... .... 1727,421 This amount will be subject to alteration after we know what it is necessary to provide on the supplementary estimates. LOAN FOX PUBLIC-WOKKK PUKPOSEK We come now to the question of the requirements of the Public Works Fund for the next twelve months. There is a great demand for roading, railway expansion, and other public facilities, necessitating the raising of an additional loar. The balance of the Public Works Fund on the 81st March last, with the available borrowing-power. was £662,366. To augment this amount 1 propose to transfer £500,000 from the Consolidated Fund. This, however, will not be sufficient for the prosecution of. the urgently required works which it is our policy to vigorously push on. and I therefore propose to ask Parliament to authorize a loan of £1.750,000 for railways, roads, and other public works. CONCLUSION. 1 have had in the course of my remarks to cover a large amount of ground rapidly and in general terms. 1 think it will be conceded that the extent and importance of the subjects I have dealt with will call for your earnest and interested consideration. The closing words which apply to all I have said are those of hope and courage. Our first need as public men is still to have trust in the future of New Zealand. This young nation can achieve whatever it believes it can achieve ; and in this land, with its rich endowment of nature, with a sturdy people mostly of British stock, we need not fear the future, hence 1 repeat ''hope and courage." not " fear and misgiving," should be our watchwords.
13.—G
TABLES TO ACCOMPANY THE FOREGOINd STATEMENT.
Page Table No. I.—Abstract of Reokipts and Expenditure of the Financial Year ended :!Ist March, 1910 2 Table No. 2.—Comparative Statement of the Estimated and Actual Receipts and Expenditure of the Consolidated Fund for the Financial Year ended 31st Makch, 1910 .. .. 31 Tim.c No. 3. —The Public Debt on 31st March. 1910 .. .. .. .. .. ..32 Table No. 4. —The Debt transferred to the New Zealand State-guaranteed Advances Office at 31st March, 1910 .. .. .. .. .. .. .. ..36 Table No. r>.—Statement of the Estimated Liabilities of the Consolidated Fund outstanding on 31st March from 1900 to 1910 inclusive .. ~ .. .. 38 Tablk No. 6.— Statement of thb Estimated Liabilities of the Public Works Fund outstanding on 31 st March from 1900 to 1910 inclusive .. .. .. .. .. ..39 Table No. 7.—Statement showing the Total Ways and Means of the Public Works Fund and tut. Total Net Expenditure to 31st March, 1910 .. .. .. .. 40 Table No. B.—Estimated Expenditure of 1910-11 compared with the Actual Expenditure of 1909-10 41 Table No. 9.—Estimated Revenue of 1910-11 compared with the Actual Revenue of 1909-10 .. 41 Table No. 10. —Statement showing the Amount charged to " Unauthorised " in each Financial Year from Ist July, 1875, to 31st March, 1010 .. .. .. .. ..42
I—B. 6.
B.—B.
2
Table No. 1.
1908-1909. RECEIPTS. 1909-1910. £ s. d. £, s. d. £ s. d. 1,080,094 0 1 13,080 16 6 69,609 18 0 619 5 7 4,445 6 3 Balance at beginning of Year, — Gash in the Public Account Advances in the hands of Officers of the Government, — In the Dominion In London On account of Imperial Pensions On account of other Governments 387,163 1 6 42,287 4 0 17 11 9 4,853 2 2 1,167,849 6 5 400,000 0 0 Less Treasury Bills outstanding .. .. ,. 434,320 19 5 250,000 0 0 184,320 19 5 767,849 6 5 2,801,248 7 3 1,591,327 9 11 604,900 13 1 321,044 0 11 116,214 1 8 2,918,507 6 0 117,061 6 7 43,815 3 10 264,209 16 7 Ordinary Revenue, — Customs Stamps, including Postal and Telegraph Cash Receipts Land-tax Income-tax Beer Duty Railways Registration and other Pees Marine Miscellaneous 2,671,120 12 8 1,537,352 7 2 642,270 1 11 316,835 3 11 115,368 11 4 3,258,262 11 5 88,304 14 7 42,918 9 7 296,099 1 10 8,778,328 5 5 Territorial Revenue, — £ s. d. Cash Land Sales .. ,, .. .. .. .. 34,516 3 0 Deferred-payment Land Sales .. .. .. .. 895 15 3 Pastoral Runs, Rents, and Miscellaneous .. .. .. 167,175 10 0 8,968,531 14 5 55,379 15 11 1,782 4 2 165,694 19 7 202,587 8 3 222,856 19 8 National Endowment Revenue 67,142 1 11 9,238,261 4 7 9,001,185 5 1 Debentures renewed, — "New Zealand Loans Act, 1908" (" The Consolidated Stock Act, 1884"),— Debentures matured 4th January, 1909 .. 165,000 0 0 438 0 0 " The Dairy Industry Aot, 1908,"— Debentures matured 1st August, 1908 443 1 6 356 15 5 Recoveries on account of Expenditure of previous Years,— " The Civil Service Act, 1866 " Unauthorised Tn respect of payments made on account of Cook Islands In respect of pa> ments made on account of Niue Island 654 5 5 1 18 9 655 19 2 799 16 11 Totals :9.935,272 8 5 £9.423.238 3 2
3
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909. ORDINARY REVENUE ACCOUNT.
19O8-19O9. EXPENDITURE. 19O9 ■191O. £ a. d. Permanent Appropriations,— 33,953 6 11 CivilList.. 2,258,364 15 9 Interest and Sinking Fund.. 369,837 14 8 Under Special Acts of the Legislature 95,060 17 4 Subsidies paid to Local Bodies Amounts paid over to Local Bodies and to Deposit Acoounts— 29,315 14 5 Payments under the Land Acts .. 9,307 10 11 Payments under the Timber and Flax Royalties Aot E ndowments— 3,262 19 4 ! New Plymouth Harbour Board .. 18,204 9 1 Greymouth Harbour Board 56,190 13 11 Westport Harbour Board National Endowment Residue 336,532 1 7 Old age Pensions .. 3,210,030 3 11 £ s. d. a s. d. 33,729 14 8 2,397,461 10 7 452,491 1 6 94,207 18 1 29,657 11 5 6,741 19 6 3,399 16 0 21,509 0 1 66,015 6 6 67,142 1 11 342,053 3 5 3,514,409 3 8 3,210,030 3 11 Annual Appropriations,— 29,280 19 8 Class I.—Legislative Departments 96.456 14 0 „ II.—Department of Finance 814,635 15 7 \ ,. III.—Post and Telegraph Department 2,120,308 4 10 j „ IV.—Working Railways Department.. 85,595 14 0 ' V.—Publio Buildings, Domains, and Maintenance of Roads .. 30,839 19 11 VI.—Native Department 350,840 4 8 1 . VII. — Justioe Department 31.457 2 7 . VIII.—Mines Department 344,565 19 7 „ IX.—Department of Internal Affairs .. 195,685 3 0 . X.—Defence Department .. XI.—Customs, Marine and Harbours, and Inspection of Machinery Depart131,321 5 1 ments 30,277 1 0 „ XII.—Department of Labour 232,167 4 11 „ XIII.—Department of Lands and Survey 219,690 3 (> „ XIV.—Department of Agriculture, Commerce, and Tourists 848,234 4 2 , XV.—Education Department 14,127 8 1 ' Services not provided for .. 5,575,483 5 1 28,633 13 8 73,757 2 6 855,861 11 4 2,168,188 19 9 86,728 19 2 18,874 9 2 357,140 18 7 24,704 5 3 256,466 5 0 190,346 9 11 122,782 1 2 24,212 8 10 205,538 0 6 189,913 15 7 862,945 19 8 10,418 1 7 5,575,483 5 1 5,476,518 1 8 800,000 0 0 Revenue transferred to the Public Works Fund 800,000 0 0 Debentures renewed, — " New Zealand Loans Act, 1908 " (" The Consolidated Stock Act, 1884 "),— 165,000 0 0 Debentures matured 4th January, 1909 .. 165,000 0 0 " The Dairy Induetry Aot, 1908,"— 438 0 0 Debentures matured 1st August, 1908 438 0 0 Balance at end of Year, — 387,163 1 6 Cash in the Public Account Advances in the hands of Offioere of the Government — 42,287 4 0 Iu the Dominion 17 11 9 On account of Imperial Pensions 4,853 2 2 On account of other Governments 491,437 4 5 387,163 1 6 42,287 4 0 17 11 9 4,853 2 2 35,441 7 0 510 9 8 4,926 16 9 434,320 19 5 250,000 0 0j Less Treasury Bills outstanding .. 1«4 32(1 19 K 434,320 19 5 •250,000 0 0 532,315 17 10 100,000 0 0 432,315 17 10 lai.aau iy o £9,935,272 8 5 Totals 184.320 19 5 59,935,272 8 5 £9,423.238 8 2
8.—6
4
Table No. 1— continued.
EASURY BILLS 1908-1909. RECEIPTS. 1909-1910. 1908-1909. £ s. d. [ £ s. d. | £ s. d. 400,000 0 0 ! Treasury Bills outstanding at beginning of Year .. .. .. ., 250 000 0 0 200,000 0 0 Treasury Bills issued during Year .. .. .. .. .. I 700,000 0 0 400,000 0 0 Treasury Bills renewed during Year .. .. .. .. .. 200000 0 0 ' '- • ' J00 ' uo ° ° u iil°0fffg. 0 0 Totals .. £1,150,000 0 0 STATE FORESTS £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 8,487 9 4 Cash in the Public Account .. .. .. .. .. 14,346 16 7 Advances in hands of Officers of the Government — 391 18 6 In the Dominion .. ., .. .. .. .. .. 189 17 0 14,536 13 7 8,879 7 10 £ B. d. 8,487 9 4 £ s. d. 391 18 6 14,536 13 7 8,879 7 10 3,891 0 6 Rents from Lands set apart .. .. .. .. .. .. 2,533 5 0 28.72S 5 8 Miscellaneous .. .. .. .. .. .. .. .. 12,892 5 4 3,891 0 6 28,728 5 3 15,425 10 1 2,533 5 0 12,892 5 4 7~ ! 15,425 10 i 32,619 5 9 32,619 5 9 Contribution from the Consolidated Fund towards cost of forest-tree growing and planting •• •• •• ... •• .. .. .. .. .. 10,000 0 0 10,000 0 0 £41,498 13 7 Totals .. £39,962 3 11 j £41,498 13 7 £39,962 8 11 ———^— -^^_^_^^_^^ STATE COALSTATE COAL- £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. ! 44,060 14 6 Cash in the Public Account .. .. .. . .. ..I 17,950 8 11 Advances in the hands of Officers of the Government— 7 14 In the Dominion .. .. .. .. .. ,. 9,070 19 1 — '■ 27 -« 21 * 0 44.067 IS 10 44,UOV 10 1U 44,067 15 10 i " The Coal-mines Aot, 1908,"— Debentures issued .. .. .. .. .. .. .. M 30 qoo 0 q 253,528 5 2 253,528 5 2 Proceeds of Sale of Coal .. .. .. .. .. .. .. .. 241,883 9 7 " The Appropriation Act, 1909," Section 22,— Amount transferred in respect of the cost of construction of the Greymouth and Point Elizabeth Railway .. .. .. .. .. 24,989 15 0 Amount transferred in respeot of interest on the cost of construction of the said railway .. .. .. .. .. .. .. .. 1,896 0 0 26,885 15 0 £297,596 1 0 Totals .. £325,790 12 7 —— £325,790 12 7 ! —= SCENERY PRESERVATION £ s. d. Balance at beginning of Year, — £ p ,3. r- s d 8,182 18 11 : Cash in the Publio Account .. .. .. .. .. .. 2,370 13 10 Advances in the hands of Officers of the Government— 10 16 0 In the Dominion .. .. .. .. .. 57 15 11 ~i53inr ' *' 428 9 9 " The Soenery Preservation Act, 1908," — Debentures issued .. .. .. .. .. .. .. ,, io 000 0 0 £8,193.14 n Totals .. £12,428 9 9 £12,428 9 9 ■
5
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909—continued.
ACCOUNT. 1908-1909. EXPENDITURE. 1909-1910. £ s. a. 400,000 0 0 Treasury Bills renewed during Year .. 350,000 0 0 Treasury Bills paid off during Year .. .. 7<;n ivin n r\ £ s. d. £ s. d. 200,000 0 0 850,000 0 0 1,050,000 0 0 . 750,000 0 0 j uu, vvjv yj v 250,000 0 0 Treasury Bills outstanding at end of Year 100,000 0 0 £1,000,000 0 0 Totals < ' £1,150,000 0 0 ——^^^— ACCOUNT. £ s. d. Annual Appropriation,— 26,962 0 0 Vote 117—State Forests Branoh £ s. d. 26,962 0 0 £ 8. d. £ a. d. 22,187 0 6 £ a. d. 22,187 0 6 Balance at end of Year, — 14,346 16 7 J Cash in the Public Account Advanoes in the hands of Officers of the Government189 17 0 In the Dominion 14,346 16 7 16,921 7 7 853 15 10 17,775 8 B 189 17 0 17,775 8 B 14,536 13 7 £41,498 13 7 Totals 14,536 13 7 £39,962 3 11 £41,498 13 7 £39,962 3 11 MINES ACCOUNT. £ s. d. Annual Appropriation,— 267,074 13 0 Vote 118—State Coal-mines £ s. d. £ s. d. 260,550 7 4 3,500 0 0 Interest on Debentures 3,500 0 0 3,681 t Balance at end of Year, — 17,950 8 11 Cash in the Public Account Advances in the hands of Officers of the Government— 9,070 19 1 In the Dominion 17,950 8 11 54,348 o S 7,210 15 2 9,070 19 1 27,021 8 0 27,021 8 0 61,559 0 7 £297,596 1 0 Totals £297,596 1 0 £325,790 12 7 £325,790 12 7 ACCOUNT. £ s. d. Annual Appropriation,— 5,765 5 2 Vote 119—Scenery Preservation ACCOUNT. & s. d. £ p. d. 5,775 18 6 Balance at end of Year, — 2,870 18 10 ' Cash in the Public Account Advances in the hands of Officers of the Government— 57 15 11 In the Dominion 6,863 16 3 i 2,428 9 9 £8,193 14 11 Totals i 6,652 16 3 £12,428 9 9 £12,428 9 9
8.—6
6
Table No. 1-continued.
1908-1909. RECEIPTS. 1909-1910. 1908-1909. £ s. d. Balanoe at beginning of Year,— ± »■ d. £ s. d. 15,194 2 3. Cash in the Public Aocount .. .. •• ■• ■• .. Or. 979 0 1 Advances in the hands of Officers of the Government— In the Dominion .. .. . • • • • • • • * 8 2 ,, "" Dr. 977 11 11 £ s. d. 15,194 2 3 ic mj o 0 15,194 2 3 15,194 2 3 Revenue received for Local Bodies, — 9,473 0 8 Fees, Fines, &c 9.86 1 1 7 20,777 7 7 Endowments of Land, &c... .. .. •• •• •• •• f"'™ " * 17,399 14 0 Goldfields Revenue 17,636 15 5 27,722 1 5 Gold Duty 29 ' 806 17 8 76>U5 9 10 75,372 3 8 9,473 0 8 20,777 7 7 17,399 14 0 27,722 1 5 75,372 3 8 1 Counties Separate Account, — 164 3 6 Revenue of Counties in which "The Counties Act, 1908,"is not in full operation ISH 0 8 164 3 6 Advance Accounts,— u ,. 48,804 4 5 Amount repaid by Local Bodies .. .. .. •• ' co ic k 5118 1 Ditto on acoount of Unauthorised Expenditure of previous years .. .. 68 lb 5 „„„,„„. ■ 20,217 6 6 48,856 2 6 48,804 4 5 51 18 1 48,856 2 6 £139,586 1111 Totals _ £95,514 11 1 £95,514 11 1 DEPOSIT — £ 8. d. Balance at beginning of Year- f ■• d \ £ s - d ; 244 909 13 3 Cash in the Publio Account .. ... •• •• •• •• itfi.oui i- o Advances in the hands of Officers of the Government— 40 1111 In the Dominion .. •• •• •• •• •■ •■ 1 > ala ll 2 2.898 6 l In London ■■ y 7 247,848 11 5 Lodgments,— „ .„ ln n 48,235 17 8 Emigrants'Deposits .. .. •■ •• •• •• •■ 11 ' 00 ? f" " 14 19 10 Fisheries Act, 1908 .. .. •• •• •• •• ■■ ° x ' ' 50 0 0 General Assembly Library .. .. •■ •• •• •• •• o ia o 3 13 7. Hospitals and Charitable Institutions Acts, 1908 .. .. • • • ■ 2 14 i 2 192 3 0 Imperial Government (South Africa Contingents) .. .. .. • • 94 9 7 Land Aot, 1908— 1,487 6 0 Mining Districts Land Occupation Account .. .. .. •• ,„i'«2o ii 11 76,222 11 9 National Endowments .. .. •• •• •■ •• •• tiVokt n a 177,979 13 4 Miscellaneous .. ?!Sa7? s fi 42,08119 9 Money-order Settlement Account .. .. •• •■ •• 104,4/1 o o 1,348 12 3 Moiety of Rotorua Bath Fees 4 4 0 I Native Township of Hokio 5 10 0 . Karewa 54 5 0 . Parata 12 5 6 . Parawai <J8 12 6 . Pipiriki 133 12 3 . Potaka 15 3 9 . Rotoiti 4116 3 . Te Araroa 142 1 0 . Te Puia 9 6 11 .. Te Puru 88 8 6 . Tokaanu 63 7 3 . Tuatine 126 1 9 ., Waipiro .. .. •• •• 43 19 0 Nelson Rifle Prize Fund .. .. .. •• •■ •• •• n Jr « 0 15 6 New Zealand University Endowment, Taranaki .. .. • ■ • • " !» j> 197 0 0 North Island Experimental Dairy School .. .. . • • 234 5 0 North Island Main Trunk Railway Loan Application Act 1886 Amendment Act, 17,931 0 S 1 1889 U * Permanent-way Material Account .. .. .. •• •• •• Tq 1S0 o a i 11,616 1 0 Public Trust Office Remittance Account .. .. .. •• •• VJ, a a n 3,695 12 6 Railways 1 <f r ° " " Rates on Workers' Dwellings .. .. • • • • ■ • • • 10 _ jj 70 3 9 Tauranga Educational Endowment Reserves Aot, 1896 249 4 9 Thermal-springs Districts Act, 1908.. .. .. •• •• •• 230 1 \ 333 13 10 Trustee Act, 1908 >™ * ° 1782 1 10 I Westport Harbour Board Act, 1884, Speoial Coal Rate Account .. .. 2,18b id 1 386,334 7 5 £634,182 18 10 Totals j^: 858 „ 3 .A •i
7
8.-6
STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909—continued.
LOCAL BO IES. 1908-1909. 1908-1909. EXPENDITURE. 1909-1910. £ s. d. 9,357 3 1 22,095 17 6 16,710 5 11 28,554 6 5 r— — r— - i £ s. d. i Revenue paid over to Looal Bodies,— £ a. A.' £ s. d. 9,357 3 1 Fees, Fines, &o. .. .. .. .. .. .. .. .. 9,866 19 0 22,095 17 6 Endowments of Land, <fco. .. .. .. .. .. .. .. 17,689 19 5 16,710 5 11 Goldflelda Revenue .. .. .. .. .. .. .. 18,695 1 1 28,554 6 5 Gold Duty .. .. .. .. .. .. .. .. 30,208 12 0 76,460 11 6 M Til ID 11 76,717 12 11 76,717 12 11 ~ Counties Separate Acoount, — Amount distributed amongst Local Bodies where " The Counties Aot, 1908," 171 14 1 is not in full operation .. .. .. .. .. .. .. .. 140 16 11 171 14 1 53,674 16 10 10,000 0 0 Advance Accounts, — 53,674 16 10 Payments on behalf of Local BodieB .. .. .. .. .. 20,303 15 5 10,000 0 0 Payments on behalf of Looal Bodies, unauthorised .. .. .. .. 3,300 0 0 23,603 15 5 63,674 16 10 63,674 16 10 Balanoe at end of Year,— Dr. 979 0 1 Cash in the Public Account .. .. .. .. .. .. Dr. 4.708 18 9 ' AdvanoeB in hands of Officers of the Government— 18 2 In the Dominion .. .. .. .. .. .. .. 18 6 0 j - Dr. 4,690 12 9 Dr. 977 11 11 - ! £189,586 11 11 ! Totals .. .. .. .. .. .. .. £95,514 11 1 £189,586 11 11 £95,514 11 1 ACCOUNTS. I £ f. d. Withdrawals, — 45,546 7 8 Emigrants'Deposits 7 15 3 Fisheries Act, 1S08 General Assembly Library Hospitals and Charitable Institutions Acts, 1908 431 5 6 Imperial Government (South Afrioa Contingents) 45 0 0 Land Transfer Act, 1908 Land Act, 1908— 504 10 7 Mining Districts Land Occupation Account 9,080 9 10 National Endowments 3,355 4 1, Maori Land Settlement Aot, 1905 .. 170,529 17 5 ; Miscellaneous 9,443 10 1 Moiety, Rotorua Bath FeeB 117,462 1 3 I Money-order Settlement Account .. 47 9 0 Native Township, Hokio 66 18 3 „ ' Karewa 291 6 8 . Parata .. 196 8 0 . Parawai 423 15 10 . Pipiriki 224 17 0 . Potaka .. 188 13 8 „ Rotciti 559 8 9 „ Te Araroa .. .. ,. 469 0 9 „ Te Puia .. 87 6 8 „ Te Puru 358 3 0 . Tokaanu.. 585 17 5 „ Tuatine 376 15 1 , Waipiro .. Nelson Rifle Prize Fund North Island Main Trunk Railwav Loan Application Act 1886 Amendment Aot, 37,617 5 8 1889 .. 8 10 0 North Island Experimental Dairy School 24,286 12 4 Permanent-way Material Account .. 18,556 6 7 I Public Trust Office Remittance Account 5,488 19 10 Railways.. 134 4 11 Thermal-springs Districts Aot, 1908.. Trustee Aot, 1908 : : £ s. d. 14,889 10 0 50 0 0 10 6 2 835 6 6 196,824 19 10 973 4 2 488,551 3 0 142,557 1 6 67 11 2 1,008 13 0 11,424 7 6 4,214 12 8 7 17 10 662 18 7 £ s. d. 441,368 15 8 862,027 11 11 Balance at end of Year,— 191,60112 6 Cash in the Public Account Advances in the hands of Officers of the Government— 1,212 11 2 In the Dominion inn on Q ? 191,601 12 6 1,212 11 2 196,816 11 1 14 0 0 i 196,816 11 1 14 0 0 196,880 11 1 196,880 11 1 192,814 3 7 192,814 3 7 £634,182 18 10 Totals £634,182 18 10 i £1,058,858 3 0
8.—6
8
Table No. 1—continued.
19O8-19O9. I 19O8-19O9. RECEIPTS. 19O9-191O. I £ s. d. 124,769 0 0 13,654 4 8 14,139 14 2 152,562 18 10 £ s. d. Balance at beginning of Year,— Cash in Public Account Advances in the hands of Officers of the Government— In the Dominion In London Investment Account £ s. d. £ s. a. 124,769 0 0 223,211 111 s 13,654 4 8 14,139 14 2 30,497 16 0 130,000 0 0 ' 152,562 18 10 383,70!) 9 - 380,000 0 0 380,000 0 0 ! The New Zealand Loans Act, 1908,— The Aid to Public Works and Land Settlement Act, 1900,— Debentures issued for redemption of Debentures matured 1st April, 1909 Debentures issued for redemption of Debentures matured 1st May, 1909 Debentures matured 1st May, 1909, renewed Debentures issued for redemption of Debentures matured 1st February and 1st April, 1908 200,000 0 0 54,300 0 o 95,300 0 0 349,600 0 0 143,700 0 0 10,000 0 0 I 32,900 0 0 272 12 6 lflfi 1579 19 l\ The Aid to Publio Works and Land Settlement Act, 1901,— Debentures issued for redemption of Debentures matured let April, 1909 Debentures issued for redemption of Debentures matured 1st December, 1908.. Debentures matured 1st December, 1908, renewed Debentures matured 1st January, 1909, renewed Premiums reoeived I."..O(i0 o o 185,872 12 0 15,000 0 0 1B5,B7U m 0 222,475 0 0 I 111,665 0 0 98 15 0 200,000 0 (I KAO OQK 1fi A ' The Aid to Public Works and Land Settlement Act, 1903— Debentures issued for redemption of Debentures Debentures matured 1st January, 1909, renewed Debentures issued for redemption of Debentures matured 1st January, 1909 .. Premium received on sale and renewal of Debentures Debentures matured 1st February, 1909, renewed 225 0 0 25 0 0 250 ii 0 542,235 Iβ 0 642,286 15 o 3,000 0 0 The Aid to Public Works and Land Settlement Act, 1902 Debentures matured 1st December, 1906, renewed 191,800 0 0 3,836 0 0 The Aid to Publio Works and Land Settlement Act, 1907,— Debentures issued in respect of £1,000,000 loan authorised Premiums received 195,636 0 0 1,200,(100 (I II 500 (I 0 The Aid to Public Works and Land Settlement Aot, 1908,— Debentures issued in respect of £1,250,000 loan authorised Debentures issued for redemption of Debentures matured 1st April, 1909 Premiums received 50,000 0 0 100,000 0 I) 1,200,500 0 0 150,000 0 0 1,200,500 0 0 X y £j\J\? i yvu \J The Aid to Public Works and Land Settlement Act, 1909,— Debentures issued 3J-per-cent. etook created 500,000 0 0 400,000 0 0 1 900,000 0 0 The Finance Act, 1909,— Temporary advance on the security of Debentures 1,000,000 0 0 Tbe District Railways Purchasing Act 1885 Extension and Amendment Act, 1886,— Debentures matured 1st July, 1909, renewed 40,000 0 0 The New Zealand Loans Act, 1908,— 3j-per-cent. inscribed stock cieated to cover expenses of raising part £1,000,000 loan authorised .. 12.000 0 0 400,000 0 0 400,000 0 0 The Lands Improvement and Native Lands Acquisition Act, 1894, — Debentures matured 30th September, 1908, renewed 200,000 0 0 200,000 0 0 The Post and Telegraph Aot, 1908,— Debentures issued 800,000 0 0 800,000 0 0 Revenue transferred from the Consolidated Fund in aid of Public Works Recoveries on Account of Expenditure of Previous Years, — Muddy Terrace Sluicing Company, reduction of mortgage under the Mining Art, 1908 1,00(1 (i II 1,610 4 l> 1,010 4 9 Special Receipts in connection with the Ellesmere and Forsyth Reclamation and AkRioa Railway Trust Account I,«i7 Q 'J £4,061,417 11 1 14,061,417 11 1 Totals £2,883,166 19 5 fm -"- f -■i — * — ~ ■— I _ 1 l
9
B. G
STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909.
2—B. (5.
19O8-19O9. EXPENDITURE. 19O9 19O9-191O. £ e. d. £ s. d. £ s. d. £ s. d. Annual Appropriations,— 47,277 19 5 Class XVI.—Public Works, Departmental .. .. .. 1,102,792 18 8 . XVII.—Railways .. .. .. .. •• •■ .. 1 285,385 7 11 . XVIII.—Public Buildings .. .. .. .. .. ..I ID,217 6 1 XIX.—Lighthouses, Harbour-works, and Harbour Defences .. 23,910 10 2 XX.—Tourist and Health Resorts .. 10 5 . XXI.—Immigration 446,78116 10; . XXII.—Roads 32,859 3 7 » XXIII.—Development of Goldfields .. 163,032 14 2 . XXIV.—Telegraph Extension 10,765 11 4 . XXV.—Contingent Defence 19,541 18 7 „ XXVI.—Lands Improvement 2,098 14 5 „ XXVII.—Purchase of Native Lands .. 27 1 0 Rates on Native Lands 510 14 5 Services noc provided for .. o ir,Q 070 7 n 41,175 14 3 1,103,410 6 8 276,948 19 9 16,682 13 1 14,507 10 0 17,002 8 10 338,702 9 11 18,597 H 3 123,421 17 1 4,977 0 3 6,909 13 7 30,566 10 11 41,175 14 3 1,103,410 6 8 276,948 19 9 16,682 13 1 14,507 10 0 17,002 8 10 338,702 9 11 18,597 14 3 123,421 17 1 4,977 0 3 6,909 13 7 30,566 10 11 207 13 4 207 13 4 2,169,278 7 0 2,169,278 7 0 The New Zealand Loans Act, 1908,— The Aid to Public Works and Land Settlement Act, 1900— Debentures matured 1st April, 1909, redeemed Debentures matured 1st May, 1909, redeemed Debentures matured 1st May, 1909, renewed 372 400 0 0 Debentures matured 1st April, 1908, redeemed 372,400 0 0 200,000 0 0 54,300 0 0 95,300 0 0 1,993,170 11 11 372,400 0 0 200,000 0 0 54,300 0 0 95,300 0 0 45.000 0 0 349,600 0 0 372,400 0 0 The Aid to Publio Works and Land Settlement Act, 1901 - Debentures matured 1st April, 1909, redeemed 142,400 0 0 Debentures matv.red 1st December, 1908, redeemed :12[f)00 0 0 Debentures matured 1st January, 1909, renewed 10,000 0 0 Debentures matured 1st December, 1908, renewed .. 142,400 0 0 32,900 0 0 10,000 0 0 300 0 0 45,000 0 0 300 0 0 45,300 0 0 185,300 0 0 185,300 0 0 1OU , UUU \J V The Aid to Public Works and Land Settlement Act, 1903— 222,475 0 0 Debentures matured 1st January, 1909, renewed 119,975 0 0 Debentures matured 1st January, 1909, redeemed .. 200,000 0 0 Debentures matured 1st February, 1909, renewed .. rin aKf\ n n 222,475 0 0 1.19,976 0 0 200,000 0 0 25 0 0 25 0 0 25 0 0 512,450 0 0 The Aid to Public Works and Land Settlement Act, 1902— 3,000 0 0 Debentures matured 1st December, 1906, renewed .. 512,450 0 0 3,000 0 0 The Aid to Public Works and Land Settlement Act, 1908— Debentures matured 1st April, 1909, redeemed 100,000 0 0 The District Railways Purchasing Act 1885 Extension and Amendment Act, 1886— Debentures matured 1st July, 1909, renewed 40,000 0 0 Lands Improvement and Native Lands Acquisition Act, 1894, — 400,000 0 0 Debentures matured 30th September, 1908, renewed .. 400,000 0 0 801 0 0 255 17 0 315 0 3 1,389 10 8 2,518 6 6 i Charges and Expenses, in iespect of loans raised under — 801 0 0 Aid to Publio Works and Land Settlement Aot, 1900 255 17 0 Aid to Public Works and Land Settlement Act, 1901 315 0 3 Aid to Public Works and Land Settlement Act, 1903 1,389 10 8 , Aid to Public Works and Land Settlement Aot, 1907 .. 2*518 6 6 Aid to Public Works and Land Settlement Act, 1908 .. Aid to Publio Works and Land Settlement Act, 1909 Finance Act, 1909.. n orra ii R 2,479 4 7 397 7 4 84 7 9 2,479 4 7 3U7 7 4 84 7 9 876 14 4 13,870 5 6 1 7 (i 876 14 4 13,876 5 6 [ 1 7 6 17,715 0 5 .. 5,279 14 D Transfer to State Coal-mines Account under seotion 22 of the Appropriation Act, 1909, in respect of thecoet of construction of the Greymouth and Point Elizabeth Railway 5,279 14 5 24,989 15 0 Balance at end of Year, — 223,211 13 8 Cash in the Public Account Advances in the hands of Officers of the Government — 30,497 16 0 In the Dominion 130,000 0 0 Investment Account ooo (rnn n Q 223,211 13 8 304,741 1 11 7,625 4 2 304,741 1 11 7,625 4 2 304,741 1 11 312,366 6 1 30,497 16 0 130,000 0 0 7,625 4 2 383,709 9 8 £4,061,417 11 1 Totals 383,709 9 8 £4,061,417 11 1 £2,883,166 19 5
8.-6
10
Table No. 1—continued.
WELLINGTON-HUTT RAILWAY AND 1908-1909. RECEIPTS. 1909-1910. £ s. d. Balance at beginning of Year, — Cash in the Public Account £ s. d. I £ s. d. 18,902 1 7 15,853 8 6 09,300 0 0 266 0 0 The Hutt Railway and Road Improvement Act, 1907, — Debentures issued Premium 52,590 0 0 52,590 0 0 69,566 0 0 Totals !— £71,492 1 7 £85,419 8 6 £71,492 1 7 THE R, THE RAILWAYS !AILWAYS £ s. d. 19,365 4 0 Balance at beginning of Year, — Cash in the Public Account £ s. d. £ s. d. £ 8. d. 22,946 3 2 £ 8. d. 22,946 3 2 145,100 0 0 30 0 0 The Government Railways Act, 1908, — Scrip and Debentures issued Premiums received 1,600 0 0 1,600 0 0 1,600 0 0 1,600 0 0 145,130 0 0 The Finance Act, 1909,— The Government Railways Act, 1908, — Scrip and Debentures issued 74,900 0 0 74,900 0 0 £164,495 4 0 Totals .. £99,446 3 2 £99,446 3 2 WELLINGTONANAWATU £ s. d. Balance at beginning of Year, — Cash in the Publio Account £ s. d. £ s. d. 39,991 1 4 1,000,000 0 0 2,500 0 0 The Wellington and Manawatu Railway Purchase Act, 1908, — Debentures issued for Acquisition of the Wellington and Manawatu Railway Premium received thereon 1,002,500 0 0 Interest recovered from Company under section 6 of " The Wellington-Manawatu Railway Purchase Act, 1908 " 5,369 17 3 Totals !1,007,869 17 8 £39,991 1 4 STATEMENT of the RECEIPTS and EXPENDITURE of the CHEVIOT ESTA' 'E ACCOUN £ s. d. •48,314 5 7 Balance at beginning of Year, — Cash in Public Account Investment Account £ s. d. 6,413 2 11 47,000 0 0 £ b. d. 53,413 2 11 48,314 5 7 Receipts under " The Land Act, 1908,"— Rents from Lands 13,492 17 7 13,212 9 4 Other Receipts,— Interest on Securities held by Investment Account 1,135 18 2 487 2 5 £62,294 5 7 Totals £67,761 10 5
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909-continued.
11
ROAD IMPROVEMENT ACCOUNT. 1908-1909. EXPENDITURE. 1909 ■1910. £ s. d. Annual Appropriation, — . ! 66,407 16 11 Vote 123—Hutt Railway and Road Improvement £ b. d. I f £ s. d. 59,281 15 10 £ s. d. 59,281 15 10 The Hutt Railway and Road Improvement Aot, 1907,— 109 10 0 Charges and expenses authorised by " The New Zealand Loans Act, 1908 Balance at end of Year, — 18,902 1 7 Cash in the Public Account 12,210 5 9 12,210 5 9 £85,419 8 6 Totals £71,492 1 7 £71,492 1 7 IMPROVEMENTS vIPROVEMENTS ACCOUNT. £ s. d. Annual Appropriation,— 141,534 1 6 Vote 124—Railway Improvements .. ACCOUNT. £ s. d. £ s. d. 81,237 14 2 The Finance Aot, 1909,— The Government Railways Act, 1908,— 14 19 i Charges and Expenses authorised by " The New Zealand Loans Act, 1J08 .. 10 18 0 Balance at end of Year, — 22,946 3 2 Cash in the Publio Aocount 18,197 11 0 X?OQ A.A.R % O £164,495 4 0 Totals £99,440 3 2 £99,446 3 2 £164,495 4 0 AILWAY PURCHASE ACCOUNT. £ s. d. Annual Appropriation,— Vote 125— Wellington-Manawatu Railway Purohase .. £ s. d. £ s. d. 39,355 0 4 915,000 0 0 3,594 10 5 15,164 10 0 1,250 0 0 935,009 0 5 The Wellington and Manawatu Railway Purohase Aot, 1908,— Payment to Company for Purchase of Railway Interest, 7th December, 1908, to 27th February, 1909.. Railway stores taken over from Company Charges and Expenses of raising £1,000,000 loan 636 1 0 636 1 0 32,869 15 6 Improvements, additions, and alterations after acquisition Balance at end of Year, — Cash in the Publio Account 39,991 1 4 Total £39,991 1 4 £1,007,869 17 8 for the Year endei 31st" March, 1910, oompared with the Finanoial Year ended 31st March, 1909. £ s. d. 8,866 2 6 15 0 2 Interest paid in respect of Debentures issued Surveys, Roading, &c. £ s. d. 8,866 2 6 85 7 2 £ s. d. 8,951 9 8 8,881 2 8 Balance at end of Year,— Cash in the Public Account Investment Account 58,810 0 9 58,810 0 9 6,413 2 11 47,000 0 0 53,413 2 11 Totals £67,761 10 5 £62,294 5 7
12
8.—(5
Table No. 1-continued.
19O8-19O9. RECEIPTS. RECEIPTS. 19O9-19 19O9-191O. 91O. £ s. a. 89,645 17 11 1,415 8 1 1,001 6 4 ■100,000 0 0 492,062 12 4 Balance at beginning of Year,— Cash in the Public Account Advances in the hands of Officers of the Government — In London In the Dominion Investment Account £ s. d. 20,504 2 0 1,816 2 4 301,500 15 7 £ s. d. 323,820 19 11 492,062 12 4 566,020 0 0 2-26 0 0 75,075 0 0 566,020 0 0 226 0 0 I 75,075 0 0 .. 200 0 0 172,600 0 0 814,121 0 0 The Land for Settlements Act, 1908,— Scrip and Debentures issued Premiums received Debentures matured 1st January, 1909, renewed Debentures matured 1st April, 1909, renewed Debentures matured 1st May, 1909, renewed Debentures matured 30th September, 1909, renewed .. .. . Debentures matured 1st January, 1910, renewed .. .. . Debentures matured 1st February, 1910, renewed Debentures matured 1st February, 1908, renewed Debentures matured 1st August, 1908, renewed 915,735 0 0 385 7 6 400 0 0 239,500 0 0 181,800 0 0 128,300 0 0 400,000 0 0 135,000 0 0 'J. 2 2,001,120 7 6 200 0 0 172,600 0 0 814,121 0 0 2,467 18 0 12,162 6 6 14,630 4 6 B, 467 18 0 12,162 6 6 Receipts on account of capital value of land under " The Land Act, 1908,"— Section 191 Section 177 1,437 5 4 10,216 12 1 11,653 17 5 14,630 4 6 237,831 8 3 Receipts derived from Estates, — Rents, &o. 257,684 14 8 237,831 8 3 12,792 0 1 12,792 0 1 12,7'J2 0 1 Other Reoeipts,— Interest on Securities held by the Investment Account Profits on sale of Securities held by the Investment Account .. 2,708 0 5 8,771 12 5 11,479 12 10 12,792 0 1 0 5 0 0 5 0 40 13 0 6 8 6 Credits in reduotion, — Aorangi Eccleston No. 2 Heretaunga Huinga Makareao Walker .. Windle 2 18 9 31 4 6 1 13 4 98 13 8 0 10 2 20 3 11 155 4 4 40 13 0 0 8 6 47 6 6 47 6 6 8 8 6 8,247 19 6 17 2 278 8 9 8,586 3 11 8 8 6 8,247 19 6 17-2 278 8 9 Recoveries, — Kauroo Hill Otekaike Plunket .. Tautari .. 8,536 3 11 2,417 2 2 2,417 S 2 Receipts on account of capital value of land under section 69 of " The Land for Settlements Act, 1908 " • 1,582,437 17 9 Carried forward S 2,605,914 16 8 1,582,437 17 9 2,605,914 16 8
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909.
13
19O8-19O9. EXPENDITURE. EXPENDITURE. 19O9^ 19O I-191O. i v £ s. d. Annual Appropriations,— 2,399 9 3 Vote 120—Land for Settlements Expenses 6,85118 4. Vote 121—Workers'Dwellings Expenses 9,251 7 G £ s. d. S, s. d. & s. d. k. s. d. 3,002 0 6 4,295 12 9 k. s. d. 3,002 0 G 4,295 12 9 £ s. d. 7,297 13 S Acquirement of Estates, and expenses incidental thereto, — Name of Estate. 0 18 0 Airedale 12 4 0 Albury 55 9 3 Annan 3 18 0 Ardgowan 58 5 6 Argyll 2 19 6 Ashley Gorge 6 1C 5 Barnego 6 18 4 Beaumont 21 2 8 Bickerstaffe 32 12 2 Blind River 0 2 0 Braco 14,676 15 10 Braeburn .. Buddo (Sloane, A.) .. 6 15 0 Cadman 40,208 11 1 Carrington (Anderson, J) 6 15 0 Carroll 2 19 G Chamberlain Clandeboye Clydebank (Duff, A. K.) 4 3 1 Cradock 123,015 10 5 Culverden .. 8 10 0 Duncan 2,940 16 4 Dyer 14 0 Earnscleugh Oil 8 Eccleston No. 1 4 8 0 ; Eccleston No. 2 601 3 9 ; Edendale 1110, Elderslie 0 0 3 Elsthorpe .. 2 4 10 Epuni Ermedale (Thomas, D.) 21 4 11 Fencourt 239 19 1 I Plaxbourne 3 5 4! Porestgate Pyvie (Westenra, A. H. and G. W., and Cotterill, H.) 8 15 3 Glenham 705 2 0 i Greenfield .. 44 17 8 Hall-Jones .. 37 1 6 Hatuma 837 12 11 Hawtrey .. 4 2 6 Hekeao 114 3 8 Hetana 17 2 11 Highbank 1 14 0 Hikawera 5 16 Horsley Downs 3 12 9 Huinga 0 2 0 Kaimahi .. 82 14 9 Kanakanaia 1 10 6 Kapua 41 12 9 Kapuatohe 64 1 1 Karapiro .. 134,435 13 4 | Kauroo Hill 0 5 0 Kereta 6 17 10 Kinlooh 2 0 8 Kitchener .. 1 19 6 Kohika 82 0 0 Kumeroa .. 123 3 8 Kurow Ladbrook (Boag, P. D.) 2 18 10 Langdale .. 230 4 0 Lawry (Ferguson, S. and W.).. 238 6 6 Lindsay 2 18 10 Longbush 4 4 0 Lyndon No. 1 13 0 Lyndon No. 2 5 5 8 Maerewhenua 0 11 0 ; Mahora 411 12 9 i Mahupuku .. 108 5 7 Makareao 247 0 0 Manga-a-toro 2 5 3 Mangapouri 30 19 6 Mangatahi 213 15 6 Mangawhata 7 8 1 Mangawhero 2 6 6 Marawiti .. 78 13 10 Matamata .. Maungaraki 0 12 6 Maytown 5 9 6 Mead 15,715 13 7 Meadowbank Matakanui (Laidlaw, W., and Crawford, D.) .. 58 9 10 Melling 11 9 8 Merrivale .. Purchase-money 3,022 12 8 58 15 0 43,803 0 0 11,647 5 8 7,925 0 0 11,262 1 3 100 0 0 3,531 6 8 Incidental Expenses. 391 -5 5 6 13 6 27 2 6 3 4 0 92 19 9 2 0 0 34 7 0 2 8 6 88 5 10 32 3 5 0 1 0 840 3 4 38 17 3 1 6 3 1,692 0 10 16 3 5 5 G 0 15 11 410 6 8 0 6 2 1,001 5 9 5 13 11 368 18 1 18 16 11 0 4 0 174 17 7 2 17 0 27 1 0 102 0 0 323 10 4 : 4 9 3 190 8 5 38 7 11 402 3 6 13 2 9 2 8 6 1 13 0 107 2 9 1 16 1 4 7 0 21 13 6 17 4 4 413 0 o' 1 10 30 15 10 30 13 6 145 - 0 9 135 13 10 0 4 0 6 6 2 2 5 10 31 9 7 60 0 9 12 10 0 132 9 4 699 17 3 2 10 0 3 7 6 14 0 3 8 0 22 8 2 2 16 6 63 4 7 30 11 0 68 7 0 27 5 0 3 1 10 2 0 0 17 16 6 4 10 0 17 6 6 12 6 348 2 0 19 2 11 1 14 0 Total. 391 5 5 6 13 6 27 2 6 3 4 0 92 19 9 2 0 0 34 7 0 2 8 6 88 5 10 32 3 5 0 1 0 840 3 4 3,061 9 11 1 6 3 1,750 15 10 16 3 5 5 6 0 15 11 44,213 6 8 0 6 2 1,001 5 9 5 13 11 368 18 1 18 16 11 0 4 0 I 174 17 7 2 17 0 27 1 0 102 0 0 11,970 16 0 4 9 3 190 8 5 38 7 11 8,327 3 6 13 2 9 2 8 6 1 13 0 107 2 9 1 16 1 4 7 0 21 13 6 17 4 4 4 13 0 6' 1 10 30 15 10 30 13 6 145 - 0 9 135 13 10 0 4 0 06 2 2 5 10 31 9 7 60 0 9 11,274 11 3 232~ 9 4 699 17 3 2 10 0 3 7 6 14 0 3 8 0 22 8 2 2 16 6 63' 4 7 30 11 0 68 7 0 27 5 0 3 1 10 2 0 0 17 16 6 4 10 0 17 6 6 12 6 348 2 0 3,531 6 8 19 2 11 1 14 0 335,948 16 7 Carried forward 335,94b 16 7 81,350 1 3 81,350 1 3 8,416 11 4 89,766 12 7 89,766 12 7 7,297 13 3 8,416 11 4
8.—6.
Table No. 1—continued.
14
19O8-19O9. RECEIPTS. 19O9-191O. £ s. d. ,582,437 17 9 Brought forward £ s. d. £ b. d. 2,605,914 16 8 Carried forward ,582,437 17 9 2,005,914 1G 8
8.—6
15
STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909-continued.
19O8-19O9. EXPENDITUR 19O9 ■191O. £ s. d. 9,251 7 6 £ s. d. £ s. a. £ 9. d. £ s. d. 7,297 13 3 Brought forward Name of Estate. Purchase-money. Incidental Expenses. Total. 335,948 16 7 188 5 8 15 8 1 202 13 4 12 14 6 19 10 0 8 18 2 27 12 3 8 6 11 5 8 0 0 10 9 17,497 15 11 0 13 6 1 11 0 4 0 9 2 16 6 50 16 6 8 10 0 34 11 5 672 4 10 105 14 4 2 13 11 4 8 2 11 13 0 0 7 7 4 13 0 7 0 0 15 0 4 7 0 17 15 7 4 10 6 5 18 4 2 16 5,397 1 5 0 5 6 0 15 0 61 10 11 48T18 1 22 3 1 8 5 7 0 2 6 13 0 692 11 11 361 18 2 84 4 6 321 17 10 845 7 10 Acquirement of Estates and expenses incidental thereto — continued Methuen Mills Morice (White, H.) .. Ngatapa (Williamson, S.) Normandale Northbank Okauia Omaka Opouriao Orakipaoa Otaio Otekaike Papaka Paparangi Pareora No. 1 Pareora No. 2 Patoa Pawaho Pitt Plumer Plunket Poerua Pomahaka . Pouparae Pourerere Prescot Puhipubi Puhuka Puketapu Punaroa Rainoliff liaiuford Rakitairi Rangiatea Rapuwai Raumati (Grown lands) Raureka Rautawiri .. .. .. Rawiri Rewi Richmond Brook Ringway Roimata Rosebrook Rosewill Selwyn Spotswood Starborough Steward Stronvar Tablelands Takitu Tamai Tarawahi Taumata Tautari Tawaha Teanaraki .. Tβ Arai Teasdale Te Mata Tokarahi Tomoana Tongoio (Mackersey, 0. L.) Totara Trtpp (Tripp, C. G.) .. Waari Waddington Waiapi Waikakahi Waimana Waimarie Waipapa Walker Wangapeka.. Wharenui Whitehall .. .. .. ..... Wigan Wilford (Petone Borough Counc 1) Willows Windsor Park No. 1 .. Windsor Park No. 2 .. * 81,350 1 3 51 4 2 77,466 5 0 1,077 15 0 8,416 11 4 5 4 3 6 5 8 5 6 6 157 4 0 29 S 8 24 3 11 3 4 2 40 16 1 0 5 3 5 16 0 6 0 1,262 16 7 0 19 6 2 10 0 0 14 0 2 14 6 10 0 0 1 11 14 6 0 92 2 11 3 13 4 13 0 0 1 6 0 9 11 0 2 18 5 118 6 0 15 0 2 10 0 0 16 0 10 16 3 I 5 5 0 3 3 9 2 9 0 591 12 7 8 11 4 1 10 0 j 55' 6 7 14 15 6 11 8 11 89,766 12 7 5 4 3 6 5 8 56 10 8 77,623 9 0 29 8 8 24 3 11 3 4 2 40 16 1 0 5 3 5 16 0 6 0 1,262 1C 7 0 19 6 2 10 0 0 14 0 2 14 6 10 0 * 0 1 11 14 6 0 92 2 11 3 13 4 13 0 0 16 0 9 11 0 2 18 5 i'l8 6 0 15 0 2 10 0 0 16 0 10 16 3 5 5 0 3 3 9 2 9 0 1,669 7 7 8 11 4 1 10 0 55' 6 7 14 15 6 11 8 11 1 14 0 1 5 0 20 5 3 5 13 0 74 4 9 2,940 8 5 9 13 11 6 0 0 3.7G9 16 0 678 17 8 40 15 8 2 17 0 1 14 6 98 3 9 77 16 5 17 14 0 598 10 8 481 7 7 40 6 6 3 10 0 14 0 14 12 8 16 4 379 4 11 750 7 9 3 0 0 1 14 6 98 3 9 77 16 5 17 14 0 598 10 8 481 7 7 40 6 6 3 10 0 14 0 14 12 8 16 4 379 4 11 750 7 9 3 0 0 282' 3 6 48,125 10 11 52,411 5 8 2,811 9 i) 1,025 6 1 231 2 1 4 !) 0 4 7 10 324 17 2 2 18 6 326 4 11 7 13 9 4 5 4 2 16 30 3 11 254 8 8 6 3 9 4 12 8 2,811 9 9 1.025 6 1 231 2 1 4 9 0 4 7 10 48,450 8 1 2 18 6 52,737 10 7 7 13 9 4 5 4 2 16 30 3 11 254 8 8 6 3 9 4 12 8 34 12 2 21 1 10 2 0 0 41 19 7 1,251 10 4 4 13 2 13 14 9 6 15 7 281 16 9 10 1 0 7 7 6 5 4 0 0 6 0 4 8 5 3 11 6 8X1 0 0 12 11 0 0 10 6 3 8 37 6 0 39 0 0 10 16 5 15 5 0 2 4 0; 12 11 0 0 10 6 3 8 37 6 0 350 0 0 10 16 5 15 5 0 2 4 0 Totals 260,793 2 0 18,445 1 0 279,238 3 0 279,238 3 0 372,245 0 5 Carried forward 381,496 7 11 286,535 16 3
B -6
16
Table No. 1—continued.
19O8-19O9. RECEIPTS. 19O9-191O. £ s. d. . £ s. d. i £ s. d. 1,582,437 17 9 Brought forward .. .. .. .. .. .. .. .. [2,605,914 16 8 £1,582,437 17 9; Totals.. .. .. .. .. .. .. .. £2,605,914 16 8 STATEMENT of the RECEIPTS and EXPENDITUBE of the MAORI LAND SETTLEMENT £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 4,299 5 3 Cash in the Public Account .. .. .. .. ,. .. .. 4,645 0 3 Advances in the hands of Officers of the Government— 28 17 2 In the Dominion ........ 92 11 1 : 4,737 11 t £ s. d. 4,299 5 3 28 17 2 4,328 2 5 67 7 9 Amount received in respect of Survey Liens 4,328 2 5 07 7 9 Amount received on account of Shares of Purchase-money of Rangitoto-Tuhua 1,789 14 5 No. 58 Block 1,789 14 5 £6,185 4 7 Totals .. .. .. .. .. .. .. £4,737 11 4 £6,185 4 7 £4,737 11 4 = ' . ; :
17
B—6
STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909—continued.
3—B. 6.
19O8-19O9. EXPENDITURE, 19O9-191O. £ s. d. 381,496 7 11 Brought forward .. £ s. d. £ s. d. 286,535 16 3 £ s. d. 286,535 16 3 The Land for Settlements Act, 1908,— Debentures redeemed— Matured 1st May, 1909 Matured 1st April, 1909 (1894-97) .. Matured 1st July, 1909 Matured 30th September, 1909 Matured 1st February, 1910 58,050 0 0 Matured 1st August, 1908 .. 5,500 0 0 Matured 1st February, 1908 250,000 0 0 Matured 1st April, 1908 40,975 0 0 Matured 1st January, 1909 .. Debentures renewed— Matured 1st April, 1909 (1894-97) Matured 1st April, 1909 Matured 1st May, 1909 Matured 30th September, 1909 Matured 1st January 1910 Matured 1st February, 1910 75,075 0 0 Matured 1st January, 1909 .. 200 0 0 Matured 1st February, 1908 172,600 0 0 Matured 1st August, 1908 .. 602,400 0 0 .. 418,950 0 0 .. I 210,000 0 0 7,000 0 0 57,500 0 0 52,800 0 0 201,000 0 0 38,500 0 0 181,800 0 0 ; 128,300 0 0 400,000 0 0 135,000 0 0 400 0 0 :: :: 1,831,250 0 0 602,400 0 0 \J\j£4 j \J \s Charges and Expenses,— 208 4 8 On issue of Debentures 488 16 10 On renewal of Debentures 232 6 1 On redemption of Debentures 2,725 2 2 4,133 9 5 2,830 0 0 9,688 11 7 929 7 7 ' 215,535 4 3 Interest paid to Consolidated Fund in respect of Debentures issued 217,068 15 9 : Interest under subsection 8 of section 191 of " The Land Act, 1908 " 95 8 4 ■ 57,963 1 7 Sinking Fund £1 per cent, on amount issued .. 58,778 17 7 292 16 6 Interest on advances Balance at end of Year, — 20,504 2 0 Cash in the Public Account .. Advances in the hands of Officers of the Government— 1,816 2 4 In the Dominion .. 301,500 15 7 Investment Aocount .. .. 202,385 9 10 111 17 4 323,820 19 11 202,497 7 2 £1,582,437 17 9 Totals £2,605,914 16 8 £2,605,914 16 8 .CT ACCOUNT for the Year ended 31st Mabch, 1910, compared with the Financial Year ended 31st March, 1909. £ s. d. 832 6 2 Annual AppropriationVote 122 —Maori Land Settlement Expenses £ s. d. £ s. d. 144 18 11 616 7 1 Acquirement of Land " 292 12 9 4,645 0 3 Balance at end of Year, — Cash in the Public Account Advances in the hands of officers of the Government— In the Dominion 4,299 19 8 92 11 1 4,737 11 4 4,299 19 8 £6,185 4 7 Totals £4,737 11 4 £4,737 11 4
8.—6
18
Table No. 1—continued.
19O8-19O9. RECEIF 19O8-19O9. I RECEIPTS. PTS. 19O991O. £ a. d. Balance at beginning of Year, — Cash in the Public Account Advances in the hands of Stock Agents— 188 9 11 Cash .. In the hands of the High Commissioner — 50,000 0 0 3J-per-oent. Stock for sale 50,188 9 11 30,074 4 8 Less oash overdrawn 11 £ s. d. 9,943 12 11 444 1 7 LO,387 14 6 £ s. d. 10,387 14 6 20,114 5 3 10,387 14 G 3£-per-oent. Inscribed Stock,— Issued for redemption of Debenturep 1,226,828 0 0 Issued for conversion of Debentures.. 12,900 0 0 Issued for expenses of conversion 1 1 772,500 0 0 129,560 0 0 10,000 0 0 77: 12' 11 r2,500 0 0 !9,560 0 0 10,000 0 0 912,060 0 0 1,239,728 0 0 ■ £1,259,842 5 3 Totals £1,259,842 5 3 £922,447 14 6
B.—(i.
19
STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909.
19O8-19O9. EXPENDITURE. 19O9-191O. £ s. d. £ s. d. s. d. £ s. d. n n Debentures redeemed— Aid to Public Works and Land Settlement Act, 1908 .. Wellington and Manawatu Railway Purchase Act, 1908 520,000 0 0 230,000 0 0 O O 0 0 730,000 0 0 428,400 0 0 255,000 0 0 209,100 0 0 ■ Amount Debentures converted into 34-per cent. In- converted. scribed Stock, — £ Aid to Public Works and Land Settlement Act, 1908 .. .. .. .. .. 60,000 Land for Settlements Act, 1908 .. .. 2,000 Wellington-Manawatu Railway Purchase Aot, 1908 .. .. .. .. .. 65,000 Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1901 Aid to Publio Works and Land Settlement Act, 1904 .. 127,000 Kate. £ 102 103 102 Premium. £ 1,200 60 1,300 2,560 306,000 0 0 25,500 0 0 2,828 0 0 1,226,828 0 0 129,560 0 0 127,000 2,560 129,560 0 0 12,500 0 0 70 15 0 8,454 15 0 394 14 10 1,206 5 11 Expenses Acoount, — Brokerage and Commission Disoount Stamp Duty Rent and Office Expenses Interest 12,348 5 0 22,725 1 0 7,569 2 6 404 14 11 22,626 10 9 43,047 3 5 9,943 12 11 Balance at end of Year, — Cash in the Public Account Advances in the hands of Stock Agenta— Cash .. Dr. 859 13 1 444 1 7 700 4 2 Dr. . 159 8 11 10,387 14 6 Totals 1,259,842 5 3 £922,447 14 6
B -6
20
Table No. 1-continued.
19O8-19O9. RECEIPTS. RECEIPTS. 19O9 ■191O. £ s. d. £ s. d. £ . s. d. Balance at beginning of Year, — 11,271 0 5 Cash in the Publio Acoount Advances in hands of Offioere of the Government,--In the Dominion 2,406 9 10 11,271 0 5 544 17 5 2,951 7 3 The Lnoal Bodies' Loans Aot, 1908,--260,000 0 0 Debentures issued 790,000 0 0 Debentures matured 1st January, 1909, renewed 325,000 0 0 325,000 0 0 1,040,000 0 0 Refunds under sections 64 and 72 of " The Looal Bodies'.Loans Aot, 1908,"— Counties— 14 8 11 Kairanga 23 6 11 Levels 100 0 0 Masterton 109 7 2 Pahiatua Patangata 63 16 1 Stratford Woodville 400 0 0 98 19 10 Boroughs— Akaroa 35 12 4 Carterton Foxton 182 9 1 Whangarei Road Board— Heathoote 74 11 10 36 6 9 187 10 0 42 12 7 Drainage Board— Eltham 273 4 0 1,113 5 0 529 0 6 £1,051,800 0 11 Oarried forward 329,064 12 3
21
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS TO LOCAL BODIES ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909.
19O8-19O9. EXPENDITURE. 19O9-191O. £ s. d. Loans under " The Looal Bodies' Loans Act, 1908,"Counties — Akaroa 3,100 0 0 Akitio 5,000 0 0 Amuri 850 0 0 Bruce 800 0 0 ; Gastlepoint 1,330 0 0 j Clifton 1,959 0 0 ! Collingwood 6,000 0 0 Cook 2,910 0 0 Dannevirke 400 0 0 Egmont 585 0 0 Eketahuna 4,500 0 0 ; EHham 200 0 0 I Featherston 4,000 0 0 I Geraldine 1,850 0 0| Hawke's Bay 2,500 0 0 Hobson 4,950 0 0 Horowhenua Hokianga 1,500 0 0 : Inangahua 5,000 0 0 Kaikoura 225 0 0 J Kairanga 300 0 0 Kawhia 2,319 0 0 ! Kiwitea Lake Levels Mackenzie 1,400 0 0 Manawatu 2,225 0 0 Masterton 2,000 0 0 Opotiki 3,624 0 0 Oroua 1,570 0 0 Pahiatua 5,500 0 0 Patangata 3,000 0 0 Piako 1,115 0 0 Pohangina 3,650 0 0 Raglan 4,670 0 0 Rangitikei Selwyn 400 0 0 I Southland .. * 4,100 0 0 Stratford 2,500 0 0 Taranaki 3,000 0 0 Tauranga 500 0 0 Waiapu Waikohu 837 0 0 Waikato Waimarino Waimate West 2,000 0 0 Waipa Waipawa 3,375 0 0 Wairoa 2,000 0 0 Waitomo Whangamomona 553 0 0 Weber 1,500 0 0 Whangarei Wbakatane 1,900 0 0 Woodville ' ' I '■'• '■'• " £ s. d. 2,000 0 0 3,000 0 0 5,000 0 0 300 0 0 1,600 0 0 6,000 0 0 600 0 0 600 0 0 3,000 0 0 5,100 0 0 1,500 0 0 2,550 0 0 500 0.0 3,000 0 0 2,450 0 0 3,163 0 0 2,000 0 0 4,284 0 0 550 0 0 200 0 0 6,300 0 0 2,000 0 0 750 0 0 986 0 0 3,500 0 0 662 0 0 5,550 0 0 6,000 0 0 2,000 0 0 1,250 0 0 3,753 0 0 720 0 0 2,500 0 0 2,000 0 0 900 0 0 4,000 0 0 1,200 0 0 2,680 0 0 6,385 0 0 3,000 0 0 2,109 0 0 1,000 0 0 1,690 0 O 1,100 0 0 2,871 0 0 3,122 0 0 11 s £ s. d. inn 101,697 0 0 115,425 0 0 5,i'Zb City Counoil— 5,500 0 0 Christohuroh 3 3,000 0 0 3,000 3 0 0 Boroughs— 1,200 0 0 Alexandra 700 0 0 Birkenhead 3,000 0 0 Campbelltown Carterton 2,000 0 0 Cromwell 1,000 0 0 Dannevirke 1,500 0 0 Eketahuna 2,500 0 0 Eltham 6,800 0 0 Peilding 350 0 0 200 0 0 1,000 0 0 j 895 0 0 2,000 0 0 10,718 0 0 18,700 0 0 18,700 0 0 107,197 0 0 Carried forward 107,197 0 0 15,163 0 0 118 15,163 0 0 118,425 0 0 3,425 5 0 0 I
8.—6.
22
Table No. 1—continued.
19O8-19O9. RECEIPTS. 19O9-191O. £ *. d. ,051,800 0 11 Brought forward £ s. d. £ s. d. 329,064 12 3 • • ,051,800 0 11 I Carried forward ,051,800 0 11 329,064 12 3
23
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS TO LOCAL BODIES ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909—continued.
19O8-I9O9. EXPENDITURE. 19O8-I9O9. 19O9-191O. £ s. d. 107,197 0 0 • Brought forward « b. a. & s. d 118,425 0 0 Loans under "The Local Bodies' Loans Act, 1908 "—continued. 18,700 0 0 Boroughs— continued Foxton 2,000 0 0 Hamilton Hokitika 1,000 0 0 Kaiapoi Kumara 4,400 0 0 Levin 10,000 0 0 Lyttelton 360 0 0 Maori Hill Mataura Newmarket Northcote 700 0 0 Onslow Palmereton Petone 4,000 0 0 Pioton 2,000 0 0 Stratford Sumner Temuka Thames Waipawa Whangarei 1,025 0 0 Taihape 3,000 0 0 Te Aroha 1,500 0 0 Woodville 15,168 0 0 665 0 0 1,500 0 0 2,000 0 0 50 0 0 2,600 0 0 10,000 0 0 1,040 0 0 1,300 0 0 3,000 0 0 2,000 0 0 400 0 0 2,000 0 0 1,000 0 0 2,500 0 0 2,000 0 0 2,000 0 0 1,800 0 0 3,000 0 0 10,900 0 0 10,000 0 0 2,654 0 0 77,572 0 0 48,685 0 0 48,685 0 0 Road Boards— Aroha 1,000 0 0 Awatere 500 0 0 Carrington 825 0 0 Heathoote 1,000 0 0 Huntly 500 0 0 Hunua 3,000 0 0 Kirikiriroa 300 0 0 Manganui Mangawhero Mataongaonga 1,960 0 0 Moa Oero Okato Okotuku 3,000 0 0 Omaka Otaki 100 0 0 Papakura 1,350 0 0 Parihaka Paparoa Pelorus Pioton 770 0 0 Point Chevalier 2,000 0 0 Pukekohe East Pukekohe West 251 0 0 Riocarton Tamahere 250 0 0 Turanga 1,100 0 0 Waikohu 2,426 0 0 Waipipi 500 0 0 Waitotara Momahaki 100 0 0 Waitara West Waiuku 97 0 0 Waiwakaiho Werekino 21,029 0 0 1,000 0 0 500 0 0 825 0 0 1,000 0 0 500 0 0 3,000 0 0 300 0 0 1,960 0 0 3,000 0 0 100 0 0 1,350 0 0 . • 500 0 0 3,000 0 0 1,638 0 0 3,000 0 0 500 0 0 1,200 0 0 1,150 0 0 450 0 0 ' 750 0 0 250 0 0 200 0 0 50 0 0 556 0 0 100 0 0 550 0 0 1,722 0 0 770 0 0 2,000 0 0 1,000 0 0 2,575 0 0 3,090 0 0 550 0 0 1,500- 0 0 251 0 0 250 0 0 1,100 0 0 2,426 0 0 500 0 0 100 0 0 895 0 0 100 0 0 2,200 0 0 97 0 0 300 0 O 27,826 0 0 21,029 0 0 Town Boards — 300 0 0 Bull's 800 0 0 Peatherston Prankton Hunterville Lethbridge 300 0 0 Ohakune 300 0 0 Opotiki Te Awamutu i 7on n n 300 0 0 800 0 0 100 0 0 149 0 0 300 0 0 291 0 0 200 0 0 300 0 0 300 0 0 300 0 0 1,340 0 0 i, you u o 178.611 0 0 Carried forward 1,700 0 0 178.611 0 0 225,163 0 0
8.—6
24
Table No. 1—continued.
19O8-19O9. RECEIPTSRECEIP 1909-1! 1909-1910. 910. I £ s. d. 1,051,800 0 11 Brought forward £ s. d. £ s. d. 329,064 12 3 I I ■» • 61,051,800 0 11 1,051,800 0 11 Totals £329,064 12 3 £329,064 12 3 — ■i STATEMENT of the RECEIPTS and EXPENDITURE of the HAURAKI PLAIN £ s. d. . 12,000 0 0 Balance at beginning of Year, — Cash in the Public Account Amount transferred from Loans to Local Bodies Account under clause 4 of "The Hauraki Plains Act, 1908" Advances made by the New Zealand State Guaranteed Advances Office Totals £ s. A. £ s. d. 327 14 6 19,000 0 0 10,000 0 0 i I £29,327 14 6 £12,000 0 0
25
8.—6
STATEMENT of the RECEIPTS AND EXPENDITURE of the LOANS TO LOCAL BODIES ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909—continued.
4—B. (5.
19O8-19O9. EXPENDITURE. 19O9-191O, 19O8-19O9, EXPENDITURE. -191O. £ s. d. £ b. d. ' £ s. d. 178,611 0 0 Brought forward ... .. .. .. .. .. 225,168 0 0 £ b. d. 178,611 0 0 £ s. d. 225,168 0 0 River Board — 5,000 0 0 Hutt .. .. .. .. .. .. .. 1,500 0 0 5,000 0 0 1,500 0 0 « Drainage Boards — Ellesraere Lands .. .. .. .. .. . 3,000 0 0 800 0 0 Eltham .. .. .. .. .. "500 0 0 2,500 0 0 Hautapu .. .. .. .. .. . 2,500 0 0 250 0 0 i Hopelanda Hunga Hunga .. .. .. .. .. .. 3,000 0 0 3,000 0 0 Makerua .. .. .. .. .. .. 2,100 0 0 1,100 0 0 Moutoa .. .. .. .. .. .. 2,100 0 0 225 0 0 j Pukekohe .. .. .. .. .. .. . 75 0 0 Sefton-Ashley . .. .. .. .. .. ■ 1,579 0 0 300 0 0 Sluggish River .. .. .. .. .. .. 2,715 0 0 350 0 0 South Hautapu .. . . .. .. .. . . 150 0 0 Tβ Rapa .. ., .. . . .. .. 150 0 0 Tumu-Kaituna .. .. .. .. .. .. 825 0 (i ! 18,694 0 0 8,525 0 0 800 0 0 12,500 0 0 250 0 0 3,000 0 0 1,100 0 0 225 0 0 300 0 0 350 0 0 18,694 0 0 8,525 0 0 192,136 0 0 Total Loans .. .. .. .. .. .. 245,357 0 0 Annual Appropriation,— •54,712 13 8 Vote 126—Roads to open up Crown Lands .. .. .. .. .. 40,307 0 2 192,136 0 0 04,712 13 8 Unauthorised .. .. .. .. .. .. .. .. 200 7 0 Repaymeut to Manganui Roati Board of Loan erroneously refunded .. .. .. :1'24 5 1 Amount transferred to Hauraki Plains Settlement Aocount under section 4 of 12,000 0 0 "The Hauraki Plains Act, 1908" .. .. .. .. .. .. 19,000 0 0 The Looal Bodies' Loans Aot, 1908, — 790,000 0 0 Debentures matured 1st January, 1909, renewed Balance at end of Year, — 2,406 9 10 Cash in the Public Account .. .. .. .. .. 23,876 0 0 Advances in hands of Officers of the Government— 544 17 5 In the Dominion ■ 23,876 0 0 2,951 7 3 £1.051,800 0 11 Totals .. .. .. .. .. .. £329,064 12 3 £1.051,800 0 11 SETTLEMENT ACCOUNT for the Year ended 3lst Mabch, 1910, compared with the Financial Year ended 31st March, 1909. £ s. d. £ s. d. j £ s. d. 11,672 5 6 Expenditure under the Act .. .. .. .. .. •• •• •• 22.235 2 11 £ s. d. 11,672 5 6 Balance at end of Year,— 327 14 6 Cash in the Public Account .. .. .. .. ■• ■• 5,887 6 1 Advances in hands of officers of the Government, — In the Dominion .. .. .. .. .. ■• ■■ 1,705 5 6 327 14 6 327 14 6 7,092 " 7 327 14 6 £12,000 0 0 Total ■■ £29,327 14 6 £29,327 14 6 £12,000 0 0
8.—6
26
Table No. 1— continued.
19O8-19O8. RECEIPTS. 19O9-191O. 19O8-19O9. 19O9-191O. £ B. d, £ b. d. £ B. d. Rents, Ac, from National Endowment Lands .. .. .. .. .. .. 146,469 9 8 £ B. d. 146,469 9 8 Total .. .. .. .. .. .. .. £146,469 9 8 £146,469 9 8 STATEMENT of the KECE1PTS and EXPENDITURE of the GOVERNMENT ADVANCES TO SETTLERS £ b. d. . £ s. d. I £ s. d. The Government Advances to Settlers Act, 1908, — 1,094,700 0 0 Debentures issued.. .. .. .. .. .. . .. 334,000 0 0 3,013 US 0 Premium on same Debentures issued for the redemption of Debentures and the repayment of Advances .. .. .. .. .. .. .'. .. 342,100 0 0 Debentures matured 5th June, 1908. renewed under " New Zealand Loans Act, 80,000 0 0 1904" .. 676,100 0 0 1,177,713 15 0 J Temporary advances on security of Debentures issued .. .. .. .. .. 250,000 0 0 1154,100 (J 0 Temporary advances obtain*, d pending issue of Debentures £2.131,818 Iβ 0 Totals .. .. .. .. .. .. .. £926,100 0 0 £926,100 0 0 I - ! = ! —— ===== STATEMENT cf the RECEIPTS nnd EXPENDITURE of the GOVERNMENT ADVANCES TO WORKERS £ B, d. £ e. d. i s, d. The Government Advances to Settlers Act, 1908 (Part 111, Workers),— 73,500 0 0 Debentures issued.. .. .. .. .. .. .. .. 50,000 0 0 Debentures issued for the redemption of Debentures and the repayment o! Advances .. .. .. .. .. .. ..' .. I 83,500 0 0 133,500 0 0 73,500 0 0 Temporary advances on the security of Debentures issued .. .. .. .. 250,000 0 0 150,000 0 0 Temporary advances obtained pending issue of Debentures 150,000 (I 0 £223,500 0 0 Totals .. .. .. .. .. .. .. £383,500 0 0 £223,500 0 0 £383,500 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the BANK OF NEW ZEALAND ACT, £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — 500,000 0 0 ! Investment Account .. .. .. . .. .. .. .. 500,000 0 0 £600,000 0 0 Totals .. .. .. .. .. .. .. £500,000 0 0
27
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the NATIONAL ENDOWMENT ACCOUNT for the Year ended 31st March, 1910.
19O8-19O9. EXPENDITURE. 19O9-191O. £ a. d. £ ». d. £ s. d. Annual Appropriation,— Vote 127. —Roads to open up National Endowment Lands .. .. .. 1.974 1!i 9 Expenditure under " The Land Aot, 1908 " .. .. •■ ■ •• 85,632 17 9 Balanoe at end of Year, — Cash in the Publio Account .. .. .. •■ •• ■• •■ 55,86112 2 Total .. .. .. •• •• ■■ •• £146,469 9 8 OFFICE LOAN ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909. £ s. d. £ s. d. £ s. i. 1,051,813 15 0 Amount paid over to Advances to Settlers Office Account .. .. .. .. 579,929 5 0 The Government Advances to Settlers Act, 1908,— 80,000 0 0 Debentures matured 5th June, 1908, renewed Debentures matured 1st April, 1909, redeemed .. .. .. .. 237,000 0 0 Charges and expenses .. .. .. •• ■■ ■■ •■ 5,070 15 0 242,070 15 0 80,000 0 0 ■ . 1,000,000 0 0 Temporary advances repaid .. .. .. .. .. •• •■ .. 104,100 0 0 £2,131,813 15 0 Total .. .. .. .. .. •• .. £926,100 0 0 £926,100 0 0 LOAN ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909. I £ s. d. £ s. d. £ s. d. 123,500 0 0 Amount paid over to Advances to Workers Office Account .. .. .. .. 298,998 15 0 The Government Advances to Settlers Act, 1908 (Part Til, Workers!,Debentures matured 1st April, 1909, redeemed .. .. .. .. 33,500 0 0 Charges and expenses .. .. .. .. .. .. .. 1,001 5 0 I 34,501 5 0 100,000 0 0 Temporary advances repaid .. .. .. .. .. .. .. .. 50,000 0 0 I £223,500 0 0 Total .. .. .. .. .. .. .. £383,500 0 0 ■ • £383,500 0 0 I -^—^^^= 1903, ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909. £ s. d. £ s. d. £ s. d. Baianoe at end of Year,— 500,000 0 0 ! Investment Aocount .. .. .. .. .. .. .. .. 500,000 0 0 £500,000 0 0 Total .. .. .. .. .. .. .. £500,000 - 0 0
8.—6
28
Table No. 1—continued.
I " I9O8-I9O9. RECEIPTS. 19O9-191O. j . £ a. d. £ s. a. £ s. a. Balanoe at beginning of Year, — 800,000 f) 0 Investment Acoount .. .. .. .. .. .. .. .. 800,000 0 0 £800i000 0 0 Totals .. .. .. .. .. .. .. i £800,000 0 0 STATEMENT of the RECEIPTS ana EXPENDITURE of the NEW ZEALAND CONSOLS D CONSOLS ! £ s. d. £ s. a. £ s. d. i £ s. d. I Balance at beginning of Year, 74 1 1 Cash in Deposit Account .. .. .. .. .. .. .. 811 478,375 0 0 Investment Account .. .. .. .. .. .. .. 478,565 0 0 17fi.fi7S 1 1 478,573 1 1 V(V,D10 i 1 A*7Q AAQ 1 1 478,449 1 1 478,449 1 1 J New Zealand Consols Act, 1908— Consols due 1st February, 1910, renewed .. .. .. .. .. .. 399,86114 0 399,861 14 0 124 0 0 Deposits inscribed .. .. .. .. .. .. .. .. .. 9,078 0 0 i 124 0 0 9,078 0 0 1 £887,512 15 1 £478,573 1 1 Totals .. .. .. .. .. .. .. £887,512 15 1 £478,573 1 1
29
8.—6
STATEMENT of the RECEIPTS and EXPENDITURE of the RESERVE FUND ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909.
I9O8-I9O9. EXPENDITURE. 19O9-1910. 1 £ s. d. Balanoe at end of Year, — 800,000 0 0 Investment Account 1 ' ' ' £ s. d. £ s. d. Balance at end of Year.— £ s. a. .oaiance as ena oi iear, — 800,000 0 0 Investment Account 800,000 0 0 £800,000 0 0 , _ £qaa aaa n n Ti rt +«i n Totals £800,000 0 0 £800,000 0 0 Totals =====_ ! \= « .CCOUNT for the Year ended 31st Maboh, 1910, oompared with the Financial Year ended 31st March, 1909. £ a. a. New Zealand Consols Aot, 1908— Consols due 1st February, 1910, renewed Consols due 1st February, 1910, redeemed £ 9. d. 399,861 14 0 77,527 0 2 £ s. d. 477,388 14 2 Balance at end of Year, — 8 11 Cash in Deposit Account 478,565 0 0 Investment Account <17S fi7S 1 1 8 11 478,565 0 0 7,359 0 11 402,765 0 0 410,124 0 11 478,57a 1 1 £478,573 1 1 Totals 478,573 1 1 £478,573 1 1 £887,512 15 1
B.— 6
30
Table No. 1— continued. SUMMARY of BALANCES on 31st MARCH, 1910.
II I Balances. Oash. Balances. ADVANCE8. Investments. Total Consolidated Fund :— Ordinary Revenue Account* State Forests Account State Coal-mines Account ' Scenery Preservation Account .. Accounts of Local Bodies Deposit Accounts i. s. d. 532,315 17 10 17,775 3 5 61,559 0 7 6,652 16 3 Dr. 4,690 12 9 196,830 11 1 !!__ £ "• *• £ g. a . — x, a. ii, ' Consolidated Fund : — Ordinary Revenue Account* .. 491,437 4 5 State Forests Account.. ..I 16,921 7 7 State Coal-mines Account .. 54,348 5 5 Scenery Preservation Account .. 6,652 16 3 Accounts of Local Bodies .. Cr. 4,708 18 'J Deposir Accounts .. .. 190 816 11 1 810,442 16 5 ' 761,467 6 0 £ s. d. 491,437 4 5 16,921 7 7 54,348 5 5 6,652 16 3 Cr. 4,708 18 9 196,816 11 1 £ s. d. 40,878 13 5 853 15 10 7,210 15 2 • £ i. d. * s. d. 532,315 17 10 17,775 3 5 61,559 0 7 6,652 16 3 Cr. 4,690 12 9 196,830 11 1 18 6 0 14 0 0 701,467 6 0 48,975 10 5 810,442 16 5 Public Works Fcnm 312,366 6 1 Public Wobks Fund .. .. 304,741 111 7,625 4 2 312.366 6 1 Wellington-Hutt Railway and Road Improvement Account . The Railways Improvements Account Land por Settlements Account. . Maori Land Settlement Act Account Cheviot Estate Account Loans to Local Bodies Account Hauraki Plains Settlement Account National Endowment Account .. Conversion Account New Zealand Consols Account.. Reserve Fund Account.. Bank op New Zealand Act, 1903, Account 1. • Wellington-Hutt Railway and 12,210 5 9 Road Improvement Account .. 12,210 5 9 The Railways Improvements Ac18,197 11 0 count .. .. .. 13 197 jj q 202.497 7 '2 Land for Settlements Account.. 202 3S5 9 10 Maori Land Settlement Act Ac4,299 19 8 COUNT .. .. .. 4 399 19 8 58,810 0 9 Cheviot Estate Account .. 58 j810 0 9 23.876 0 0 Loans to Local Bodies Account 23!876 0 0 Hauraki Plains Settlement Ac7,092 11 7 count .. .. 5 337 6 j 55,861 12 2 National Endowment Account .. 12 2 Dr. 159 8 11 Conversion Account .. .. Cr.' 859 13 1 410,124 0 11 New Zealand Consols Account.. 7 350 nil 800,000 0 0 Reserve Fund Account Bank op New Zealand Act, 1903, 500,000 0 0 Account General Services Account .. Cr. 52,078 2 9 3,215,619 2 7 Totals 1.401,657 18 3 111 17 4 12,210 5 9 18,197 11 0 202,497 7 2 4,299 19 8 58,810 0 9 23,876 0 0 1,705 5 6 402,765 0 0 800,000 0 0 7,092 11 7 55,861 12 2 Cr. 159 8 11 410,124 0 11 800,000 0 0 700 4 2 52,078 2 9 500,000 0 0 500,000 0 0 Totals .. 1 .41(1.6.57 18 3 111,196 4 4 1,702.765 0 0 3,215,619 2 7 ' Against this Treasury Bills aiuonntine to £100,000 are outstanding.
31
8.—6
Table No. 2. Comparative Statement of the Estimated and Actual Receipts and Expenditure of the Consolidated Fund (Revenue Account) for the Financial Year ended 31st March, 1910.
RESULTS OP YEAR. £ s. d. £ a. d Actual receipts, 1909-10 .. .. .. .. 9,238,917 3 9 Actual expenditure, 1909-10 .. .. . .. 8,990,922 5 4 Excees of receipts over expenditure .. .. .. .. .. 247,994 18 5 Balance, 31st March, 1909 .. .. 184,320 19 5 Balance, 31st March, 1910 .. .. .. .. .. .. £432,315 17 10
Differences. ESTIMATED. .CJSXIJIlAXliJU. Estimated. Actual. More Less than Estimate, than Estimate. RECEIPTS. Revenue Account :— £ s. d. •Customs .. .. . 2,630,000 0 0 Railways .. .. . . 3,050,000 0 0 Stamps* .. .. . 1,606,000 0 0 Land-tax .. .. .. 625,000 0 0 Income-tax .. .. . 300,000 0 0 Beer Duty .. .. .. lia.OOO 0 0 Registration and other Fee* .. .. 93,000 0 0 Marine .. .. . .. 42,000 0 0 Miscellaneous .. . .. 270,000 0 0 Territorial Revenue .. .. 224,000 0 0 Endowment Revenue .. .. 67,000 0 0 £ ' s d. 2,671,120 12 8 8,288,262 11 5 1,887,862 7 2 642,270 1 11 316,835 3 11 115,368 11 4 88,304 14 7 42,918 9 7 296,099 1 10 202,587 8 3 67,142 1 11 j £ s. d. 41,120 12 8 208,262 11 5 17,270 1 11 16,835 3 11 2,368 11 4 918 'J 7 26,099 1 10 142 1 11 £ s. d. 68,647 12 10 4,695 5 5 21,412 11 9 9,020,000 0 0 9,238,261 4 7 313,016 14 7 94,755 10 0 94,755 10 0 : Recoveries on account of Expenditure of previous years 655 19 2 218,261 4 7 655 19 2 Totals .. .. .. 9,020,000 0 0 9,238,917 3 9 218,917 3 9 EXPENDITURE. Hkvenue Account:— Permanent Appropriations,— £ s. d. £ s. <l. Civil List .. .. .. .. 35,500 0 0 33,729 14 8 Interest and Sinking Fund .. .. 2,398,765 0 0 |2,397,461 10 7 Under Special Acts .. .. 442,327 0 0 452,491 1 6 Subsidies paid to Local Bodies 101,000 0 0 94,207 18 1 Territorial Revenue .. 52,695 0 0 36,399 10 11 Endowments .. .. .. 156,010 0 0 i 158,066 4 (i Old-age Pensions .. .. 316,500 0 0i 342,053 8 5 £ h. d. 10,164 1 6 2,056 4 6 25,553 3 5 £ H. (1. £ B. d. 1,770 5 4 1,303 9 5 6,792 1 11 9 1 £ B. d. 1,770 5 4 1,808 9 5 10,164 I 6 ti, 792 1 11 9 1 2,056 i 6 25,868 3 5 3,502,797 0 0 :3,514,409 3 8 37,773 9 5 37,773 9 5 26,161 5 9 26,161 5 9 Annual Appropriations,— Legislative .. .. .. 38,806 0 0 28,633 13 8 Department of Minister of Finance .. ' 77,69(i 0 0 73,757 2 6 Postmaster-General .. .. 879,165 0 0 855,861 11 4 Working Railways .. .. 12,358,775 (i 0 --',168,188 19 9 Minister for Public Works .. .. 100,655 0 0 86,728 19 2 Native Department .. .. 21,911 0 0 18,874 9 2 Minister of Justice.. .. .. 361,324 0 0 357,140 18 7 ' Minister of Mines .. .. .. 26,502 0 0 24,704 5 3 Department of Internal Affairs .. 272,412 0 0 256,466 5 0 Defence Department .. .. 204,297 0 0 190,346 9 11 Commissioner of Trade and Customs! .„ ... ,. . 1QO - Q0 , . Marine and Harbours, &o. .. \ 133 .«« 0 0. 122,(82 1 2 Department of Labour .. .. 25,999 0 0 24,212 S 10 Department of Lands and Survey .. 255,774 0 0 205,538 0 6 Minister of Agriculture, Commerce, and Tourists .. .. .. 195,029 0 0 189,913 15 7 Education Department .. .. 875,276 0 0 862,945 19 8 Services not provided for .. .. .. 10,418 1 7 ."I.S16.16S 0 0 5.47C 513 1 R 327 18 8 10,418 I 7 in 7<ifi is s 3,938 17 (i 23,303 8 8 190,586 0 3 13,926 0 10 3,036 10 10 4,183 1 5 1,797 14 9 15,945 15 0 13,950 10 1 10,261 18 10 1,786 11 2 50,235 19 6 5,115 4 S 12,330 0 4 Q*fl QO7 19 n 0,010,100 U U 0,470,01(1 1 8 0,816,165 0 0 5,476,513 1 S 1U,745 18 3 jo fin i ii 10,745 Iβ 8 350,397 13 7 350,397 13 7 48,519 4 8 376,558 19 4 48,519 4 8 •KJfVliJ t O 48,519 4 8 Totals .. .. .. 9,318,962 0 0 8,990,922 5 4 j 9,318,962 0 0 8,990,922 5 4 • • ! 328,039 14 8 328,039 14 8 ♦ Includes £190,535 8a. Id. Post and Telegraph cash receipts. t Includes £2(18.262 11s. 6d. :>y the Public Revenues Act, 1908, section 39. cash receipts. t Ii lOladee i-208.262 11s. 6d. additional appropriation authorise! 1. additional appro opr riation authorised
B.—b
32
Table No. 3. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1910.
I I 1 ! Amount outbtabdino. Due Datk. SiNKINO Funds. ANNUAL CHAKIil Indebted- Kat(j Kbmahbs. . l " m ' . Amount. Wheu payable. Int. S.F. _ . . T _.. ,„.. I 3,000 I .. on- i Jan., l'J15 1 Canterbury Loan Ordinance, 1862 .. \%,Vto , lo ' 200 , 2 July, 1916 1 DiHtrict Railways Purchasing Acts, 1885-86 .. .. 40,000 1 July, 1919 Native Land Purchases Act, 1892 .. .. .. 25,000 31 Oct., l'J12 Lands Improvement and Native Lands Aoquisi- i 398,000 I „,.„. I 30 Sept.,1915 1 tion Act, 1894 I 2,000 f " U,lMI 130 Sept.. 1915 ■ 100,000 ,j I 1 May, 1911 Hint Railway and Road Improvement Acts, 1903, 117000 ' -'71 890 1 May'1915 1905, and 1907 lo'.OOO 1 1 1 May! 1915 I 17,300 I I 1 Jan., 1922 Maori Laud Settlement Act, 1905 .. [5o|oO0 ! 200 ' 00 ° \ 1 Jan'.! 1921 Maori Land Settlement Act Amendment Act, 1907 ..' 50,000 1 Jan.! 1921 ,-, i«- . ,,w> ! 100,000 ■ ,„ ™ '1 April, 1912 Coal Mines Act, 1908 • 30! 000 I 180 ' 000 ( 1 April, MIC I 843 1 I 1 Jan., 1911 1 Dairy Industry Act, 1908 .. .. 438 1.781 \ 1 Aug., 1915 I 500 ) .( Uan., 191 1> 1 110,000 30 June, 1915 17,500 I 30June, 1910 Government Railways Act, 1908— 75,000 30 June, 1914 Raihvavs Improvements Authorisation Acts.- 1,600 >Sn4.200 1 Mar., 1915 1904-7 30,000;! 30 June, 1915 1 2,000 I 1 Aug., 1915 ' 68,100 ■' ,1 Jan., 1922 50,000 '\ ' i HO June, 1915 1,200 I „ Qn - : I 1 Mar., 1915 Finance Act, 1909 20,500 '*' yuu 1 Feb., 1917 1,500 , 1 Feb., 1922 \ 1,700 I ! 1 Feb., 1923 Looal Bodies' Loans Act, 1908 — Government Loans to Local Bodies Act, 1886 .. .. 250,300 1 Sept.. 1914 416,000 , 1 Mar., 1911 250,000 I 1 Mar., 1915 Local Bodies' Loans Aot, 1908 .. 790,000 1,831,000 -j Uan., 1916 325,000 i 1 Mar., 1916 50,000 \) 1 June, 1911 Carried forward .. .. .. .. 3,694,271 20, •">>)(; 20,596 Cr. 5,396 6 1 1,064 30 June and 31 Dec. 40,000 ! 4 .. 1,600 Uan. . Uuly 125,000 31 .. 4,875 30 April .. 31 Oct. 398,000 3J .. 13,930 31 liar. . 30 Sept. 2,000 4 80 31 Mar. .. 30 Sept. 100,000 3J .. 3,500 1 May „ 1 Nov. 27,590 3J .. 966 1 Feb. „ 1 Aug. 117,000 34 .. 4,095 1 May . 1 Nov. 10,000 4 .. 400 1 May „ 1 Nov. 17,300 I 4 .. 692 Uan. „ I July. 50,000 4 .. 2,000 Uan. „ Uuly. 150,000 4 .. 6,000 Uan. Uuly. 50,000 34 .. 1,750 Uan. „ Uuly. 100,000 34 .. 3,500 1 April .„ 1 Oct. 30,000 34 .. 1,050 1 April ,. 1 Oct. 1,781 34 .. 62 1 Feb. 1 Aug. 110,000 34 .. 3,850 30 June ., 31 Dec. 17.500 4 .. 700 30 June . 31 Dec. 75,000 4 .. 3,000 30 June „ 31 Dec. 1,600 4 .. 64 1 Mar. . 1 Sept. 30,000 4 .. L.200 30 June . 31 Dec. 2,000 4 .. 80 I 1 Feb. . 1 Aug. 68,100 4 .. 2,724 Uan. . Uuly. 50,000 3$ .. 1,750 30 June . 31 Deo. 1,200 4 .. 48 1 Mar. „ 1 Sept. 20,500 4 .. 820 1 Feb. , 1 Aug. 1,500 4 60 1 Feb. ,. 1 Aug. 1,700 4 68 1 Feb. » 1 Aug. 250,300 34 • 61,119 1 Mar. . 1 Sept. -The Sinking Fund is payable j on £3,453,100 (2 per cent. 416,000 34 .. 14,560 1 Mar. „ 1 Sept. on £1,873,936, 14 per cent. 250,000 34 .. 8,750 1 Mar. . 1 Sept. on £141,110, 1 per cent on 790,000 3J .. 27,650 1 Mar. . 1 Sept. £1,438,054). 325,000 3J .. 11,375 1 Mar. . 1 Sept. 50,000 4 .. 2,000 1 June .. 1 Dec. 3,673,675 .. .. 184,882 !
33
8.—6
Table No. 3— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1910— continued.
s—B. 6.
! I I Annual Charge. Amount outstanding. Dde Date. Sinking Funds. Indebted NESS. Bate. Iut. S.F. ANNUAL Amount. CHAl .hoe. When payable. Kkmabes. ~ I Brought forward New Zealand Consols Act, 1908.. .. j i,247 408,877 £ 3,694,271 [ 410,124 i 1 Feb!, 1910 ( 1 Feb., 1925 20,596 3,673,675 1,247 3J 408,877 4 % 184,882 44 16,355 15,978 520 3,000 1,125 j 14,520 1,256 696 432 2,736 1,166,013 391,730 198,024 6,797 I 13,493 5,775 J 1 Feb. and 1 Aug. 1 Feb. . 1 Aug. New Zealand Loans Act, 1908 — New Zealand Loan Act, 1863 Consolidated Loan Act, 1867.. Defence and other Purposes Loan Act, 1870 | Immigration and Public Works Loan Act, 1870 j General Purposes Loan Act, 1873 .. j Consolidated Stock Act, 1877.. .. \ Consolidated Stock Act, 1884.. .. j Aid to Public Works and Land Settlement Act, 1896 75,000 25,000 363,000 27,900 17,400 10,800 54,700 29,150,302 LI,192, 290 6,600,815 194,200 385,500 165,000 266,300 13,000 '- 100,000 390,900 I 82,900 146,943,407' [ 744,700 15 July, 1914 15 April, 1913 (15 April, 1913 i Uuly, 1910 j 15 April, 1913 (15 April, 1913 115 Oct., 1913 \ 15 May, 1914 (28 Nov., 1914 ( 1 Nov., 1929 \ 1 Jan., 1940 ( 1 April, 1945 f 1 Feb., 1912 \ 31 Deo., 1914 I 1 Jan., 1916 215,051 J - 51,249 5 13,000 4 75,000 4 25,000 4J 363,000 4 •27,900 44 17,400 4 10,800 4 54,700 5 29,150,302 4 11,192,290 3J 6,600,815 3 194,200 3J 385,500 3i 165,000 3$ 1 15 Jan. „ 15 July. 15 April , 15 Oct. 15 April „ 15 Oct. 30 June „ 31 Dec. 15 April „ 15 Oct. 15 April „ 15 Oct. 15 April „ 15 Oct. 15 May . 15 Nov. 15 May „ 15 Nov. 1 May „ 1 Nov. 1 Jan. „ 1 July. 1 April „ 1 Oct. 1 Feb. . 1 Aug. 1 Mar. , 1 Sept. 1 Mar. . 1 Sept. •Does not include £952,172 3£-per-cent. and £3,059,165 3-percent, stock taken over by the State-guaranteed Advances Office. •• Aid to Public Works and Land Settlement Act, ' 1900 j 56,500 200,000 3,000 500 41,600 51,500 500,000V L 353,100 15 Aug., 1921 {1 May, 1916 1 April, 1912 1 May, 1912 1 Feb., 1915 1 May, 1916 IMay, 1923 500,000 3J 56,500 3| 200,000 3j 3,000 4 500 4 41,600 4 51,500 ! 4 17,500 1,977 7,500 : 120 20 1,664 ! 2,060 15 Feb. . 15 Aug. 1 May . 1 Nov. 1 April , 1 Oct. 1 May . 1 Nov. 1 Feb. „ 1 Aug. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 Loan may be paid off at any time on six months' notice being given. Aid to Public Works and Land Settlement AotJ 1901 Aid to Public Works and Land Settlement ActJ 1902 ( 32,600 45,000 73,400 72,700 1,000 300 125,000 542,900 3,000 I 225,000 1 670,900 / 1 Jan., 1916 1 Apr., 1912 I 1 Dec, 1911 1 29 Dec, 1911 1 Dec, 1912 V 1 Jan., 1916 I 1 Deo., 1912 \ 1 Dec, 1912 I 1 Jan., 1922 32,600 ' 3J 45,000 Sj 73,400 4 72,700 4 1,000 4 300 4 125,000 3J 542,900 4 3,000 J 4 1,141 1,687 2,936 2,908 40 12 : 4,375 21,716 120 1 Jan. . 1 July. 1 April . 1 Oct. 1 June „ 1 Dec. 29 June » 29 Dec 1 June . 1 Dec. 1 Jan. „ 1 July. 1 June , 1 Dec. 1 June „ 1 Dec. 1 June „ 1 Deo. •• 3i[- Carried forward 54,394,602 .. 235,647 54,158,955 2,089,150
8.—6
34
Table No. 3— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1910— continued.
Annual Charoe. Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. Remarks. El .te. Int. S.F. Amount. When payable. Brought forward New Zealand Loans Aot, 1908— continued. £ £ 54,394,602 £ 235,647 £ 54,158,955 % % £ 2,089,150 Aid to Public Works and Land Settlement Aet,1903 61,525 25 200 25,000 I 5,000 1,000 25,000 1,000 198,465 200,000 12,900 12,500 299,800* ' 842,415 1 Jan., 1916 1 Jan., 1909 1 Feb., 1909 29 Dec, 1911 1 Jan., 1912 1 Jan., 1914 30 June, 1914 1 Jar., 1915 1 Jan., 1916 1 Feb., 1916 1 Jan., 1922 1 Jan., 1923 1 Feb., 1924 61,525 25 200 25,000 5,000 l,OU0 25,000 1,000 198.465 200,000 12,900 12,500 299,800 4 4 4 4 4 4 4 4 4 4 4 4 2,153 1,000 200 40 1.000 40 7,938 8,000 516 500 11,992 1 Jan. and 1 July. 29 June and 29 Dec. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 30 June „ 31 Dec. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Feb. „ 1 Aug. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Feb. , 1 Aug. i Debentures not presented at ) due date. •• Aid to Public Works and Land Settlement Aot 1904 ,. •• 'Loan may be paid of! at any time on six months' notioe being given. J •• ■" 566,700 1 Jan., 1912 566,700 4 22,668 1 Jan. . 1 July. Aid to Public Works and Land Settlement Act, ( 1905 \ Aid to Public Works and Land Settlement Act. -I 1906 500,000 439,000 500,000 99,800 40,000 5,000 355,200 200,000 16,100 178,900 605,000 50,000 100,000 100.000 I 939,000 1,000,000 1 July, 1916 1 Jan., 1921 1 Jan., 1922 1 Jan., 1912 1 Dec, 1912 1 Jan., 1917 1 Jan., 1922 1 Jan., 1922 1 Jan., 1915 1 Jan., 1922 1 Jan., 1923 1 April, 1916 1 April, 1912 13 Nov., 1913 500,000 439,000 500,000 99,800 40,000 5,000 355,200 200,000 16,100 178,900 605,000 50,000 100,000 100,000 4 4 3J 4 4 4 4 4 4 4 3| 4 20,000 17,560 17,500 3,992 1,600 200 14,208 7,000 644 7,156 24,200 1,750 3,750 4,000 1 Jan. , 1 July. 1 Jan. „ 1 July. 1 Jan. » 1 July. 1 Jan. „ 1 July. 1 June „ 1 Deo. 1 Jan. , 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. , 1 July. 1 Jan. „ 1 July. 1 April „ 1 Oct. 1 April » 1 Oct. 13 May . 13 Nov. Aid to Public Works and Land Settlement Aot, \ 1907 j I 1,000,000 Aid to Public Works and Land Settlement Act, \ 1908 I Aid to Public Works and Land Settlement Act, 1909 Finance Act, 1909 Public Revenues Act, 1908 (Reserve Fund Securities Act, 1907) .. I 250,000 500,000 1,000,000 I 500,000 1,000,000 t t 800,000 1 Aug., 1912 800,000 3J •• 28,000 1 Feb. . 1 Aug. f Money obtained flotation of loan. pending Post and Telegraph Act, 1908 200,000 1 July, 1915 200,000 3J 7,000 1 Jan. . 1 July. Carried forward • • 61,492,717 235,647 61,257,070 2,303,757 i
8.—6
35
Table No. 3—continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1910— continued.
Amount outstanding. Doe Date. I Sinking Funds. iNDEHTF.llNE88. Annual Charge. tte. Amount. When payable. S.F. % £ 2,303,757 Kemark* I Int. . o/ h Brought forward Public Works Act, 1908— £ £ £ £ 61,492,717 .. 235,047 , 61,257,070 £ £ 235,647 i 61,257,070 Paeroa-Waihi Railway Act, 1903 53,476 I on oid (31 Mar., 1912 \ 80 214 l 80 ' 214 ( 30Sept.,1912 \ " *°' Zli 53,476 1 May, 1915 .. 53,476 j 30,000 ) , nnm j 1 May, 1911 .. I 4 n nOO 10 000 I i0 ' 000 1 Nov., 1916 .. , 40 ' 000 I 1.500 I 80,214 53,476 3 3 2,406 31 Mar. and 30 Sept. 1,604 1 May „ 1 Nov. 1,400 I 1 May „ 1 Nov. Waikaka Branch Railway Act, 1905 Scenery Preservation Act, 1908 I 40,000 i 1,500 j 500 500, 000 34 State Fire Insurance Act, 1908 .. 2,000 IMay, 1911 .. '?55 500,000 1 Mar., 1916 .. 500,000 62,168,407 235,647 61,932,760 34 4 4 52 1 May . 1 Nov. 20 1 May „ 1 Nov 20,000 1 Mar. „ 1 Sept. Wellington - Manawatu Railway Purchase Act, 1908 Add Sinking Fund in respeot of— The Government Loans to Local Bodies Acts The War and Defence Loans Investments in Securities included above on account New Zealand Consols Investment Account Investments in Securities held under the Publio Revenues Aot, 1908 (Reserve Fund Securities Act, 1907) Bank of New Zealand Preference Shares held by Government 753,209 168,109 308,840 800,000 500,000 2,530,158 62,168,407 .. 2,765,805 59,402,602 Treasury bills amounting to £100,000 are not im • • Totals. 2,329,239 2,329,239 iluded.
8.—6
36
Table No. 4. Particulars of the Public Debt transferred to the New Zealand State-guaranteed Advances Office at 31st March, 1910.
Amount outstanding. Due date. Sink- Net ing I indebtedFunds. ness. Rate. Int. 8.F. Annual Charge. Amount. When payable. The Lα i,«l for Settlements Ad, 1908. 1908. £ £ 13,()(>() I Jan., 1911 814.766 31 Oct., 1912 5,000 1 Jan., 1915 10,000 I Feb., 1915 650 1 Aug., 1915 76,150 1 Jan., 1916 62,000 1 April. 1916 27.000 1 May. 1916 345,400 I Apii!. 1912 7.700 1 Jan., 1916 99.600 i Jan., 1911 99,000 1 Oct., 1911 8,600 1 Nov., 1911 171,850 1 Jim., 1912 50,165 I Jan., 1912 82,800 1 Feb.. 1912 39,500 1 April, 1912 4\300 1 May, 1912 50,000 1 April, 1913 281,500 30 June 1914 84,300 I July. 1914 77,475 1 Jan.. 1915 308,990 1 Feb., 1915 10,000 1 Mar., 1915 1)1,550 1 Aug.. 1915 158,985 I Jan.. 1916 60,120 I Feb., 1916 38,500 1 April, 1916 28,700 1 May, 1916 128,300 30 Sept., 1916 113.000 1 Jan., 1917 135,000 I Feb., 1917 38.000 I Feb., 1920 168,700 I Jan., 1921 422,700 1 Jan., 1922 39,950 I Jan.. 1922 27,400 1 Feb., 1922 15,000 I April. 1922 100,000 1 Aug., 1922 83,950 1 Jan.. 1923 40,000 1 April, 1923 126,000 1 May, 1923 77,000 15 Mar., 1925 4,993,601 £ % E 13,0oo :'..', .. 155 814,76(5 :S.I .. 28.516 5,000 3| .. 225 10,000 3] .. 150 650 3£ .. 28 76,150 3| .. 2,665 62,000 3£ .. 2.17<> 27,000 3| .. 945 345,400 3| .. 12,952 7.700 3| .. 589 99,600 4 . . 3,884 99,000 4 .. 3,960 8,600 4 .. 344 171,850 4 .. 6,873 50,165 4 .. 2.006 82,800 4 .. 3,312 39,500 .4 .. 1,580 45,300 4 .. 1.812 50,000 4 .. 2.000 281.500 4 .. 11,260 84,300 4 .. 3,372 77,475 4 .. 3,099 308,990 4 .. 12,359 lo.O(K) 4 .. 400 91,550 4 .. 3,661 158,985 4 . . 6,359 60,120 I .. 2,101 38,500 4 .. 1,540 28,700 4 .. 1,148 128.300 4 .. 5,132 113,000 4 .. 16,520 135.000 I . . 5.400 38,000 I .. 1,520 168,700 4 ..I 6,748 422,700 I 4 .. 16,908 39,950 4 .. 1,597 27,400 4 .. 1,096 45,000 4 .. 1,800 100,000 4 .. 1,000 83,950 4 .. 3,357 40,000 4 .. 1,600 126,000 4 .. 5,040 77,000 4 .. 3,080 1 Jan. and I July. 30 April and 3] Oct. 1 Jan. and 1 July. 1 Feb. and 1 Aug. I Feb. and 1 Aug. 1 Jan. and 1 July. 1 April and 1 Oci. I May and L Nov. 1 April and 1 Oct. 1 Jan. and 1 July. 1 Jan. and 1 July. 1 April and 1 Oct. 1 May and 1 Nov. 1 Jan. and 1 July. 1 April and 1 Oct. 1 Feb. and 1 Aug. 1 April and 1 Oct. 1 May and 1 Nov. 1 April and 1 Oct. 30 June and 31 Dec. 1 Jan. and 1 July. 1 Jan. and 1 July. 1 Feb. and 1 Aug. 1 Mar. and 1 Sept. 1 Feb. and 1 Aug. 1 Jan. and 1 July. 1 Feb. and I A.ug. 1 April and 1 Oct. 1 May and 1 Nov. 31 Mar. and 30 Sept. 1 Jan. and 1 July. 1 Feb. and 1 Aug. 1 Feb. and 1 Aug. 1 Jan. and 1 July. 1 Jan. and 1 July. 1 April and 1 Oct. 1 Feb. and 1 Aug. I April and 1 Oct. 1 Feb. and 1 Aug. 1 Jan. and 1 July. 1 April and 1 Oct. 1 May and 1 Nov. 15 Mar. and 15 Sept. The Government Adva vnces to Settlers Act, 1894. Extension, 1901. 300.0O0 23 Oct., 1912 80,000 5 June, 1915 ' 380,0001 .. I 300,000 3i . . 10,500 80,000 3| .. 2,800 I 1 l;Dec. 1 June and 1 Dec.
8.—6
37
Table No. 4 — continued. Particulars of the Public Debt transferred to the New Zealand State-Guaranteed Advances Office at 31st March, 1910 — continued.
Note.—The sum of £4,011,337 is charged as follows :— Land for Settlements Account— £ Advances to Settlers Aooount — £ 3-per-oent. Stock .. .. 69,165 3-per-cent. Stock .. .. 2,990,000 3J , .. .. 812,172 3J . .. .. 140,000 3,130,000 881,337 £881,337 Total .. .. £4,011,337
Amount outstanding. Annual Charge. Sink- Net Due date. ' in « indebted- llate - lunds. ueew. Amount, When payable. Int. N.K ' ■ i The Government Advances to Settlers Act, 1908. 450,000 105,000 676,100 275,000 117,300 85,000 100,000 12,900 17,500 100,000 45,000 250,000 2,233,800 23 Oct., 1912 .. 450,000 3£ .. 15,750 1 June and 1 Dec. 1 June 1915 .. 105,000 3| .. 3,675 1 June and 1 Doc. 1 April, 1912 .. 676,100 3» .. 25,354 1 April and 1 Oct. 1 Doc, 1911 .. 275,000 4 .. 11,000 1 June and 1 Dec. 29 Dec., 1911 .. 117,300 4 .. 4,692 29 June and 29 Dec. 15 Jan., 1912 .. 85,000 4 ! .. 3,400 15 Jan. and 15 July. 13 Nov., 1913 .. 100,000 4 .. 4,000 ! 13 May and 13 Nov. 1 Jan., 1914 .. 12,900 4 .. 516 1 Jan. and 1 July. 15 Jan., 1914 .. 17,500 4 .. 700 ! 15 Jan. and 15 July. 1 Mar., 1916 .. 100,000 4 .. 4,000 i 1 Mar. and 1 Sept. 1 July, 1922 .. 45,000 4 .. 1,800 1 Jan. and 1 July. 1 Sopt., 1910 .. 250,000 3|* .. 8,750 1 Mar. and 1 .Sept. The Government Advances to Workers Act, 1908. 205,000 L'5,000 133,500 15,000 250,000 628,500 1 Jan., 1912 .. 205,000 3£ .. 7,175 1 Jan. and 1 July. 1 June, 1915 .. 25,000 3£ .. 875 1 June and 1 Dec 1 April, 1912 • .. 133,500 3§ .. 5,006 1 April and 1 Oct. 1 July, 1922 .. 15,000 4 .. 600 1 Jan. and 1 July. 1 Sept., 1910 .. 250,000 3£* .. 8,750 1 Mar. and 1 Sept. * Rate varying ; oaloulated at 3£ per cent, temporary advanoe. The Consolidated Stock Act, 1877. 952,172 3,059,165 1,011,337 ■ Total 12,247,238 1 Jan., 1940 .. 952,172 3£ .. 33,326 1 Jan. and 1 July. 1 April, 1945 .. 3,059,165 3 .. 91,775 1 April and 1 Oct.
H.—(i
Table No. 5. Statement of the Estimated Liabilities chargeable on the Consolidated Fund (Revenue Account) outstanding on the 31st March, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, and 1910.
38
jSlet March, 1900. 31st March, 1901. 31st March, 1902. Slat March, 1903. 31st March, 1904. 31st March, 1905. 31st March, 1906. 31st March, 1907. 31st March, 1908. 31st March, 1909. 31st March, 1910. Revenue Accoukt. i Permanent Appropriations, — Civil List Interest and Sinking Fund Under Special Acts of the Legislature Subsidies payable to Local Authorities Under the Land Acts, payable to Local Authorities Land Aot National Endowments Annual Appropriations,— Legislative .. Department of Minister of Pinance* Postmaster-General Working Railways i Public Buildings : Maintenance and Improvement i of Roads Minister of Justicet Minister of Defence Minister of Mines • .. Department of Internal Affairs Commissioner of Customs Minister of Marine Minister of Labour Minister of Lands Minister of Agriculture Minister of Education £ s. A. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ' 991 15 0 j 505 0 0 793 6 6 622 14 5 15,000 0 0 588 12 11 951 4 11 460 7 6 859 10 4 287 8 8 332 0 8 663 15 10 765 13 4 731 14 11 930 14 881 7 0 36 3 4 1,284 3 9 372 14 8 895 6 1 849 11 8 2,541 18 6 6,324 6 0 3,939 8 9 867 12 6 ; 136 18 0 313 1 0 126 0 0 174 0 0 .. 760 0 0 1,045 0 0 .. 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 j 1,757 0 1 1,757 0 1 2,787 11 3 j .. 4,348 2 6 3,328 19 5 3,744 14 7 3,328 19 5 3,744 14 7 17,541 17 10 3,803 16 9 3,940 10 0 3,112 13 8 3,654 0 5 5,675 19 3 6,988 1 10 7.492 13 4 J 1 33 19 4 51 1 2 85 11 8 91 10 2 85 16 2 76 1 5 7 12 6 184 3 9 64 1 9 33 19 6 62 3 5 2,038 4 5 21,247 0 0 74,911 6 6 185 0 0 4,419 14 6 2,256 16 11 28,276 0 0 34,029 0 0 90,777 9 3 95,972 4 10 81 0 0 312 16 6 1,726 4 6 32,902 0 0 109,375 4 0 470 5 7 2,534 15 4 28,750 0 0 109,146 17 3 1,294 0 5 2,866 0 4 2,878 12 5 28,481 0 0 34,910 0 0 108,054 11 6 103,381 3 5 724 11 5 723 15 11 4,269 11 1 36,725 0 0 119,289 0 0 850 14 3 2,150 13 8 43,550 0 0 156,471 0 0 848 18 10 2,308 0 9 41,703 0 0 191,727 0 0 832 0 4 1,600 11 3 42,545 0 0 129,131 0 0 663 9 4 2,397 14 3 9,925 0 0 42 9 0 6,583 4 6 2,542' 4 7 2,32311 2 44,050 0 0 21,688 8 0 6 0 11 2,033 16 0 12,893 9 7 10,604 5 11 2,097 12 10 10,544 0 0 2,559 3 5 6,773 13 4 37 0 0 3,242 15 3 ( 533 16 0 11,558 15 3 130 12 8 ; 2,498 14 5 16,562 17 9 15 0 1,990 18 9 2,10211 8 12,807 17 6 10,685 15 10 1,746 8 1 6,071 19 1 3,620 12 3 1.297 17 5 3,097 8 4 1 3,944 2 6 1,690 16 1 3,627 5 9 10,583 14 7 1,912 5 10 6,765 16 7 236 10 8 3,312 2 2 1,002 8 5 5,924 14 2 8,428 13 4 56 2 6 3.611 7 6 6,733 2 11 7.398 6 2 30 16 8 7.477 2 11 6,99115 7 i 5,076 0 7 7,040 16 11 198 2 2 203 15 0 1,571 15 8 1,662 13 1 292 10 2 351 3 9 5,250 14 2 1,710 1 5 10,000 11 11 6,033 18 6 3 0 11 8,798 0 7 370 17 8 4,293 5 4 485 2 0 4,561 5 9 10,552 12 5 2,638 3 0 8,297 3 4 170 9 3 2,730 0 8 1,185 7 10 18,811 17 4 7,166 16 6 327 4 10 14,646 10 9 5,750 17 1 : 3.662 1 1 2,990 19 6 j3,309 10 2 4,908 10 5 4,335 1 5 1,970 19 7 112 19 6 ; 390 14 2 9,587 1 9 2,131 2 4 3,202 6 2 3,673 5 6 1,724 2 11 1,411 10 7 629 15 4 j 6,029 1 10 8,890 2 0 724 11 8 959 8 9 4,761 10 5 2,818 1 9 255 18 5 188, 225 0 2 203,474 7 5 180,575 4 8 182,963 3 0 175,710 2 3 177,390 15 7 171,695 1 4 21 9 0 Services not provided for |204,456 15 3 250,113 2 3 280,144 10 8 211,357 15 8 3 7 6 25 0 0 j •• 783 19 3 6 11 10 10,922 12 3 Totals 200,505 0 10 179,513 19 0 208,894 14 11 255,795 13 4 137,576 10 2 206,828 6 10 184,319 19 3 181,331 5 7 174,829 4 0 287,132 12 6 '229,773 1 3 I * Includes Bates on Crown Lands. + Includes Native and Crown Law.
39
8.—6
Table No. 6. Statement of the Estimated Liabilities chargeable on the Public Works Fund outstanding on the 31st March, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, and 1910.
Statement of the Estimated Liabilities chargeable on the undermentioned Separate Accounts outstanding on the 31st March, 1900, 1901, 1902, 1903, 1904, 1905, 1906, 1907, 1908, 1909, and 1910.
31st March, 1900. 31st March, 1901. 31st March, 31st March, 1902. 1903. 31st March, 1902. 31st March, 1904. 31st March, 1905. . 31st March, 1906. 31st March, 1907. 31st March, 1908. I 31st March, 31st March, 1909. 1910. I I i Annual Appropriations — Public Works, Departmental .. Railways Utilisation of Water-power Public Buildings Lighthouses and Harbour-works Tourist and Health Resorts Immigration Roads Development of Goldfields Native Lands Purchases Telegraph Extension Rates on Native Lands Contingent Defence .. Lands Improvement Miscellaneous £ s. d. 103,638 4 6 44,346 9 4 3,988 19 10 155 19 4 316,562 16 9 5,375 9 5 £ s. a. 591,995 19 0j 73,375 2 4 10,313 16 7 447,388 4 5 2,010 15 0j £ s. d. £ s. a. 113,537 8 2 217,089 10 5 27,812 6 11 84,596 9 0 902 9 1 1,760 7 11 2,579 5 6 1,136 8 0 100,224 16 3 249,281 1 9 8,116 5 7 300 0 0 4,566 0 0 43,873 0 0 27,409 0 0 370 19 8 355 2 2 17,832 13 2 72 0 0 £ s. d. 113,057 16 6 36,338 8 3 506 6 5 4,911 14 5 80,787 4 7 2,038 14 7 7,298 0 0 43,877 0 0 355 15 8 4,240 0 0 11 7 6 £ s. d. 210,656 18 10 8 1 11 38,887 18 5 316 5 5 2,285 6 3 98,326 1 7 1,7*94 16 3 4,580 11 8 30,114 0 0 300 0 0 38,151 0 0 381 0 5 £ s. d £ s. d. 196,099 10 I 3 18 I 51,967 11 : 158 10 ! 39,046 16 ' 196,099 10 8 3 18 6 51,967 11 8 158 10 8 39,046 16 7 139,080 6 2,886 10 i 51 5 83,295 0 i 360 0 < 13,329 0 i 393 9 139,080 6 4 2,886 10 5 51 5 4 83,295 0 0 360 0 0 13,329 0 0 393 9 4 £ s. d. 210,242' 19 1 34,813 6 4 637 0 0 21,805 19 8 667 4 1 109,681 12 2 2,616 18 3 £ s. d.i 797,179 13 4 60,328 4 8 83 10 1 12,446 16 2 7 15 0 132,260 17 2 4,101 12 1 £ s. d. £ s. a. 97 18 4 47 3 3 761,628 0 5 687,004 6 2 52,457 9 5 200,406 17 3 793 6 3 286 0 7 7,369 12 9 5,142 4 4 2,857 14 0 159 0 0 155,275 0 4 1 69,553 9 4 4,400 10 8 2,290 16 2 20,273 0 0 554 5 8 26,989 0 0 22 14 8 140,000 0 0 75,110 5 1 669 15 0 65 13 0 828 11 8 103,550 0 0 11 0 0 68,837 0 0 39,310 0 0 •• 1,025 3 0 1,155 6 7 303 9 8 221 18 9 407 11 11 574 14 11 • • •• • • • ■ Totals 316,274 7 4 586,565 19 3 293,422 7 11 494,895 4 10 1,292,095 12 0 425,802 0 9 526,671 19 6 457,139 4 4 1,111,124 15 1 1,054,427 13 91,004.996 10
31st March, 31st March, 1900. 1901. 31st March, 31st March, 1902. 1903. 31st March, 1904. 31st March, 31st March, 1905. 1906. 31st March, 1907. 31st March, 1908. 31st March, 31st March, 1909. 1910. 1 State Forests Account State Goal-mines Account Scenery Preservation Account Land for Settlements Account Maori Land Settlement Act Account Loans to Local Bodies Account Hauraki Plains Settlement Account Paeroa-Waihi Railway Account Wellington-Hutt Railway and Eoad Improvement Account Waikaka Branch Railway Account Railways Improvements Account Cheviot Estate Account State Guaranteed Advances Office Public Trustee's Account Government Life Insurance Account Government Aocident Insurance Account State Fire Insurance Account National Endowment Account £ s. d. 302 8 6 2,405' 5 4 32,034 4 10 £ s. d. 1,067 16 0 4,82011 0 33,259~ 0 4 £ s. d. £ s. d. 251 16 i 780 1 8 331 19 0 990 4 3 3,546 9 1 1,125' 5 5 3,189 0 0 & s. d. 217 0 2 8,076' 13 7 3,038' 5 6 £ s. d. £ s. d. 527 4 8 225 19 0 18 19 1 16 8 3 8,636 2 11 ' 6,194 3 8 3,505 9 2 6,087 13 6 £ s. d. 1,730 15 10 53 18 8 4,900 0 10 747 4 7 2,656 2 8 £ s. d. 1,326 3 4 682 0 4 3,455 18 3 6 12 9 5,499 11 5 £ s. d. £ s. d. 581 17 1 161 8 4 13,606 4 9 18 9 1 113 7 0 2,544 3 8 1,664 14 5 150 7 0 5,978 9 4 7,645 12 8 551 17 3 759 7 9 4,296 15 11 896 2 10 7,851 17 8 19,707 1 6 8,422 0 0 8,671 0 0 520 17 10 20,304 0 0 19,638 0 0 15,320 0 0 7,85611 8 33,809 0 0 22,494 0 0 19,277 0 0 6 12 0 129 12 7 355 7 6 7,756 8 7 1,213 14 9 2,553 7 0 682 1 11 614 14 4 632 9 10 790 18 0 725 5 0 23 18 0 48 12 9 28 7 2 103 19 4 132 4 10 24,871 10 0 326 11 0 562 6 4 1,214' 0 6 1,238 5 4 1,019 2 6 1,06915 2 450 0 0 88 6 8 .. I .. I
8.—6
40
Table No. 7. STATEMENT showing the Total Watts and Means of the Public Works Fund and the Total Net Expenditure to the 31st March, 1910.
WAYS AND MEANS. Loans :— Immigration and Public Works Loan, 1870 Immigration and Public Works Loan, 1873 Immigration and Public Works Loan, 1874 General Purposes Loan Act, 1873 New Zealand Loan Act, 1876 .. New Zealand Loan Aot, 1877 New Zealand Loan Act, 1879 New Zealand Loan Act, 1882 New Zealand Colonial Inscribed Stock Loan Act, 1882 North Island Main Trunk Railway Loan Act, 1882 .. New Zealand Loan Act, 1884 New Zealand Loan Act, 1886 District Railways Purchasing Acts, 1885 and 1886 .. New Zealand Loan Act, 1888 Native Land Purohase Act, 1892 Lands Improvement and Native Lands Acquisition Act, 1894 Aid to Public Works and Land Settlement Aot, 1896 Aid to Public Works and Land Settlement Amendment Act, 1897 Aid to Publio Works and Land Settlement Amendment Act, 1898 Aid to Publio Works and Land Settlement Act, 1899 Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1901 Aid to Public Works and Land Settlement Act, 1902 Aid to Public Works and Land Settlement Act, 1903 Aid to Publio Works and Land Settlement Act, 1904 Aid to Public Works and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Act, 1906 Aid to Publio Works and Land Settlement Act, 1907 Aid to Public Woiks and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Act, 1909 The Finance Act, 1909 The Post and Telegraph Act, 1908 Midland Railway Petitions Settlement Acts, 1902-3.. Paeroa-Waihi Railway Act, 1903 Waikaka Branch Railway Act, 1905f £ s. a. 4,000,000 0 0 2,000,000 0 0 4,000,000 0 0 750,000 0 0 750,000 0 0 2,200,000 0 0 5,000,000 0 0 3,000,000 0 0 250,000 0 0 1,000,000 0 0 1,500,000 0 0 I 1,325,000 0 0 479,487 7 11 1,000,000 0 0 i 149,700 0 0 £ a. d. NET EXPENDITURE. Expenditure on — £ a. A. Immigration .. .. .. .. .. 2,218,790 16 5 Public Works, Departmental .. .. .. 634,073 1 7 Bailways, including Surveys of New Lines .. 26,457,577 6 7 Roads' .. .. .. .. .. 8,669,778 3 9 Land Purchases .. .. .. .. 2,068,413 11 1 Development of Goldfields .. .. .. 837,113 7 1 Telegraph Extension .. .. .. .. 1,766,190 14 9 Public Buildings .. .. .. .. 4,367,274 18 5 Lighthouses, Harbour Works and Defences .. 1.060,419 9 11 Contingent Defence .. .. .. .. 903,911 0 1 Rates on Native Lands.. .. .. .. 68,67116 10 Thermal Springs .. .. .. .. 14,599 13 2 Tourist and Health Resorts .. .. '.. 197,360 10 11 Lands Improvement .. .. .. .. 51,026 12 3 Charges and Expenses of raising Loans .. .. 1.241,932 3 3 Coal-mines .. .. .. .. .. 10,835 8 0 Interest and Sinking Fund .. .. .. 218,500 0 0 Payment to Midland Railway Bondholders .. 150,000 0 0 Utilisation of Water-power .. .. .. 8,347 18 11 £ s. d. £ s. d. 500,000 0 0 1,000,000 0 0 250,000 0 0 4,816 13 0 500,000 0 0 1,000,000 0 0 1,013,100 0 0 1,250,000 0 0 1,750,000 0 0 999,915 0 0 750,000 0 0 1,000,000 0 0 1,000,000 0 0 1,000,000 0 0 1,250,000 0 0 900,000 0 0 1,000,000 0 0 200,000 0 0 150,000 0 0 75,000 0 0 50,000 0 0 43,042,202 7 11 i 43,1 43,042,202 7 11 ,042,20 Receipts in Aid :— Amount transferred from Consolidated Fund Contributions of Canterbury Provinoe for Railways.. Stamp Duties to 31st December, 1876 Transfer from Confiscated Lands Liabilities Account Proceede of Railway Material handed over to Cook County Council Special Receipts under section 9 of the Railways Construction Act, 1878.. Special Reoeipts under the Ellesmere Lake Lands Acts, 1888 and 1893 Special Receipts under the Railways Authorisation and Management Act, 1891 Special Receipts under the North Island Main Trunk Railway Loan Application Act, 1886 Sinking Funds released .. 7,230,000 0 0 56,000 0 0 264,657 16 4 19,963 1 3 4,963 7 4 60,616 3 0 Balance on 31st March, 1910,— Cash in the Publio Account .. .. .. 304,741 111 Advanoes in the hands of Officers of the Government 7,625 4 2 8,214,980 11 2 42,121 17 3 2,257 1 9 j 27,581 5 0 506,819 19 3 304,741 1 11 7,625 4 2 ,980 11 2 112,366 6 1 • Has been reduced by £89,800 received under section 31 ol £51,257,182 19 1 £51,257,182 19 1 Branch Railway Act, 1905, now included. the Government Loans to Local Bodies Act, 1880. t Receipts and expenditure under the Waikaka Branch Railway Act, 1
41
8.—6
Table No. 8. Estimated Expenditure of the Consolidated Fund (Revenue Account) for 1910-11, compared with Actual Expenditure of 1909-10.
Table No. 9. Estimated Revenue of the Consolidated Fund (Revenue Account) for 1910-11, compared with the Actual Revenue of 1909-10.
6—B. 6.
Differences. for 1910-11. Estimate for 1910-11. for 19Ofl - 10 - Increase. Actual for 1909-10. increase. Increase. Decrease. Revenue Account. £ Civil List .. .. .. .. .. .. 36,500 Interest and Sinking Fund .. .. .. .. 2,472,788 Under speoial Aots .. .. .. .. .. 1,163,822 3,672,110 i li 33,730 1,770 2,897,461 75,327 1,083,218 SO,604 3,514,409 157,701 £ • Annual Appropriations,— Legislative Departments .. .. ... ■■ 28,448 Department of Finance .. .. .. .. 43,375 Post and Telegraph Department .. .. .. 913,733' Working Railways Department .. .. .. 2,223,275 ; Public Buildings, Domains, and Maintenance of Roads .. 83,190 ; Native Department .. .. .. .. .. 18,366! Justice Department .. .. .. .. .. 370,561 Mines Department .. .. ..... .. 24,447 Department of Internal Affairs.. .. .. .. 235,098 Defence Department .. .. . • ■ 216,400 Customs, Marine, and Inspection of Machinery! Depart- 120,135 ments Department of Labour .. .. .. .. 22,827 Department of Lands and Survey .. .. .. 237,290 Department of Agriculture, Commerce, and Tourists .. i 181,578 ' Education Department .. .. .. .. '125,642 5,644,360 28,034 36,773 6,602 855,862 57,871 '' j 2,168,189 55,086 86,729 18,874 365,920 4,641 i 24,704 256,466 194,050 22,350 132,783 24,212 233,743 3,547 189,914 859,243 66,399 5,466,095 216,496 191 3,539 508 257 21,368 2,647 1,385 8,336 5,466,095 216,496 38,231 i Services not provided for .. .. .. 10,418 374,197 10,418 .. 10,418 374,197 48,649 48,649 10,418 Total 9,316,470 48,649 8,990,922 325,548 8,990,922 325,548 •
Kstimate Actual Dlffe] for for 1910-11. 1909-10. lncrease ranees. Decrease. Revenue Account. Ordinary Revenue, — Customs Railways .. .. .. ' Stamps Postal and Telegraph Land-tax Inoome-tax Beer Duty Registration and other Feee .. Marine Miscellaneous Territorial Revenue Endowment Revenue 2,850,000 2,671,121 178,879 3,250,000 3,258,263 j l.EKS I '• 637 ' 852 194 - U8 (125,000 642,270 325,000 316,835 8,165 115,000 115,369 83,355 88,305 13,100 42,918 182 ] 399,720 296,099 3,621 288,000 202,587 30,413 55,900 67,142 £ 8,268 17,270 369 4,950 Total 415,408 42,094 9,611,575 9,238,261 373,314 11,242 42,094
42
8.—6
Table No 10. Statement showing the Amount charged to "Unauthorised" in each Financial Year from 1st July, 1875, to 31st March, 1910.
By Authority : John Mackay, Government Printer, Wellington.—l9lo.
Consolidate id Fund- Rkvenue Account. Financial Ykah. Othkb Accounts. FUBLll WllKKS Fund. Ikial. Services not provided for. Excess of Votes. Total. I 1875-76 .. 1876-77 .. 1877-78 .. 1878-79 .. 1879-80 .. 1880-81 .. 1881-82 .. 1882-83 .. j 1883-84 .. 1884-85 .. 1885-86 .. 1886-87 .. ' 1887-88 .. 1888-89 .. 1889-30 .. 1890-91 .. I 1891-92 .. 1892-93 .. 1893-94 .. 1894-95 .. 1895-96 .. 1896-97 .. 1897-98 .. 1898-99 .. 1899-1900.. 1900-1901 .. 1901-1902 .. 1902-1903 .. 1903-1901 .. I 1904-1905 .. S 1905-1900.. ; 1906-1907.. ■ 1907-1908 . . 1908-1909 .. 1909-1910 .. £ s. d. .. 13.167 4 8 .. 18,397 17 1 .. 10,07'.) 12 6 .. 11,418 10 1 5,818 9 9 6,161 L8 '■> 3, 899 16 3 4,473 15 8 7,293 9 9 5,981 17 8 9,337 11 2 .. 14,337 L9 7 .. 7,303 17 10 3,521 18 2 4,412 5 3 .. 10,610 1 0 2,288 3 2 1,741 7 10 2,350 7 0 8,985 3 7 .. 22,422 16 10 .. 3,188 17 7 .. 2,25b Id 7 .. 3,305 15 11 .. 11,187 13 8 .. 26,367 18 6 3,836 7 0 11,027 5 4 1,344 11 0 .. 0,215 4 8 8,£76 16 7 4,989 9 1 4,133 3 3 .. 14,127 8 1 .. 15,324 5 7 £ s. d, t s. a. 19,196 17 L 32,363 1 9 13,398 7 0 31,796 4 1 68,709 17 -I 77,78!) 9 8 17,400 l 5 68,880 0 6 18,400 2 1 24,284 11 10 37,825 6 6 43,977 0 8 38,474 18 9 42,374 15 0 64,631 0 2 69,104 15 10 45,284 2 0 52,577 12 8 39,039 17 11 45,021 15 7 47,106 10 8 56,444 1 5 38,117 13 5 52,455 13 0 42,104 15 10 49,408 13 8 35,157 1C 5 38,679 14 7 ! 43,257 1 0 ! 47,669 6 3 76,778 5 11 : 87,388 6 11 21,020 16 i 23,314 19 6 28,283 15 11 30,025 3 9 7,376 7 4 9,720 14 4 9,148 0 5 18,133 4 0 16,229 5 9 ; 38,652 2 7 24,195 2 9 ! 27,384 0 4 i 39,314 13 4 : 41,573 12 11 j 36,468 0 10 39,773 16 9 60,652 13 7 ' 71,840 7 3 I 62,788 8 2 89,156 1 8 68,866 10 9 72,702 17 !) 101,076 10 4 [110,103 16 8 47,775 11 4 51,120 2 4 22,109 12 2 28,324 16 10 52,385 3 7 : 60,962 0 9 28,559 6 2 33,548 15 8 37,713 8 11 41,846 VI 2 50,890 5 1 65,017 13 2 23,100 14 0 38,424 19 7 £ s. d. 3,155 9 2 3,490 (i 1 668 6 5 3,938 14 8 1,005 3 10 13,443 11 8 13,590 6 10 12,848 2 2 9,008 18 7 7,163 16 8 13,965 10 1 6,212 16 7 27,821 16 11 13,506 2 8 23,631 7 1 5,459 18 11 9,183 10 6 4,754 17 10 522 12 2 1,890 7 5 16,995 9 9 24,726 3 6 4,743 17 10 2,304 8 10 662' 7 7 253 8 10 200 0 0 2,248 6 6 13,547 11 7 28,956 9 10 12,867 10 8 429 9 0 15,257 11 1 3,500 7 0 £ s. d. £ s. d. 63,875 11 8 99,394 2 7 2,197 4 5 37,483 14 7 22,009 14 0 100,452 10 1 32,179 1 1 94,997 16 3 17,096 l) 9 42,386 5 5 34,133 17 3 91,554 8 9 2,217 9 8 58,182 11 6 8,137 17 11 89,585 15 11 31,741 17 10 93,323 8 8 872 0 11 53,057 11 9 6,465 17 5 76,875 8 11 28,633 10 8 ; 87,302 0 3 30,407 2 3 107,637 12 10 18,633 2 10 70,819 0 1 12,287 18 10 83,588 12 2 7,0*97 19 9 I 99,946 5 7 7,594 1 2 40,092 11 2 11,149 14 2 ! 45,929 15 9 1,335 12 11 11,584 19 5 330 8 1 20,353 19 6 33,245 2 4 88,892 14 8 7,051 0 8 59,161 4 6 53,648 14 0 99,966 4 9 8,222 10 6 ; 50,300 16 1 7,990 18 7 79,831 5 10 17,518 3 7 107,336 12 10 6,955 4 10 , 79,911 11 5 12,837 8 6 123,140 19 2 9,584 9 11 62,952 18 9 31,862 8 3 : 73,734 16 8 19,965 16 2 104,884 6 2 55,556 14 10 101,973 0 9 80,170 3 3 |122,446 4 5 16,641 15 7 ; 96,916 19 10 11,638 18 8 53,564 5 3
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FINANCIAL STATEMENT (In Committee of Supply, 19th July, 1910) BY THE MINISTER OF FINANCE, THE RIGHT HON. SIR J. G. WARD, P.C., K.C.M.G., Appendix to the Journals of the House of Representatives, 1910 Session I, B-06
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31,204FINANCIAL STATEMENT (In Committee of Supply, 19th July, 1910) BY THE MINISTER OF FINANCE, THE RIGHT HON. SIR J. G. WARD, P.C., K.C.M.G. Appendix to the Journals of the House of Representatives, 1910 Session I, B-06
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