45

8.—17

the amount of increase for the year in respect of each loan for the purposes of this Act; and it is further enacted that the first computation shall be made for the year ending on the thirty-first day of March, one thousand eight hundred and eighty-four, and that any error in the said computation for any year shall be adjusted in the year in which such error is ascertained, and shall be included in the computaion for such last-mentioned year; and it is also enacted that the Governor in Council may authorize the creation of stock to the amount of the annual increases of sinking fund computed as therein provided : And whereas, of the loans mentioned in the Schedule to the said in part recited Act, those hereinafter set forth have sinking funds, and the Colonial Treasurer has, for the financial year ending on the thirty-first day of March, one thousand eight hundred and eighty-seven, computed the amount which, from all sources, as mentioned in the said Act, will accrue to increase the sinking fund of each loan for such year as follows, that is to say,—

And whereas the computation so made as aforesaid was, on the fifth day of May instant, approved by the Controller and Auditor-General, as required by the said Act: And whereas it is expedient that the creation of stock should be authorized as hereinafter mentioned : Now, therefore, His Excellency the Governor of the Colony of New Zealand, in pursuance and exercise of the power and authority vested in him by the said in part recited Act, and by and with the advice and consent of the Executive Council of the said colony, doth hereby authorize the creation of stock to the amount of two hundred and fifty-one thousand and twenty pounds three shilings, such amount being the total annual increases of sinking fund upon the loans hereinbefore mentioned for the year ending the thirty-first day of March, one thousand eight hundred and eighty-seven, computed in accordance with the said Act as aforesaid. FOBSTEB GOBING, Clerk of the Executive Council. Memoeandum showing the Computation of the Increases of the Sinking Funds of the Loans named in the Schedule in the attached Order in Council, dated May, 1886.

* Over estimate shown by italic figures; under estimate shown by Roman figures.

Name of Loan. Amount of Annual Increase of Sinking Fund on each Loan. ' The New Zealand Loan Act, 1856 " ' The New Zealand Loan Act, 1860 " ' The New Zealand Loan Act, 1863]" ' The Consolidated Loan Act, 1867 " ' The Immigration and Public Works Loan Act, 1870 "... ■' The Auckland Loan Act, 1863 " ' The Wellington Loan Act, 1866 " 'The Lyttelton and Christchurch Eailway Loan Ordinance, 1860" ... ' The Canterbury Loan Ordinance, 1862 " ' The Otago Loan Ordinance, 1862 " £ s. d. 386 18 4 5,007 1 6 47,452 13 0 163,000 0 0 24,623 16 11 1,399 17 5 753 3 8 4,270 17 4 431 19 2 3,693 15 8 251,020 3 0

Name of Loan. Estimate for Tear 1886-87. Over or under Estimate for Year 1885-86.* Net Estimated Increase " The New Zealand Loan Act, 1856 " :l The New Zealand Loan Act, 1860 " " The New Zealand Loan Act, 1863 " " The Consolidated Loan Act, 1867 " :l The Immigration and Public Works Loan Act, 1870 " ;1 The Auckland Loan Act, 1863 " .. '■' The Wellington Loan Act, 1866 " .. '■' The Lyttelton and Christchurch Eailway Loan Ordinance, 1860" 11 The Canterbury Loan Ordinance, 1862 " '■' The Otago Loan Ordinance, 1862 " £ s. d. 386 18 4 5,161 2 11 47,452 13 0 163,000 0 0 24,623 16 11 1,405 13 1 755 15 9 £ s. d. 154 ' 1 5 £ s. d. 386 18 4 5,007 1 6 47,452 13 0 163,000 0 0 24,623 16 11 1,399 17 5 753 3 8 5 15 8 3 12 1 4,170 1 11 430 4 8 3,667 13 2 100 15 5 1 14 6 26 2 6 4,270 17 4 431 19 2 3,693 15 8 251,053 19 9 128 12 5 162 9 2 251,020 3 0 S3 16 9