H.-6

22

Kaihu Valley Railway Company.—Liabilities on the 4th January, 1890.

Kaihu Valley Railway.—Expenditure to 4th January, 1890 (as shown by Annual Statements). £ s. d. 7th October, 1882, to 30th September, 1883 ... ... ... 4,918 3 5 Ist October, 1883, to 29th February, 1884 ... ... ... 1,587 16 2 Ist March, 1884, to 28th February, 1885 ... ... ... 1,278 13 5 Ist March, 1885. to 28th February, 1886 ... ... ... 847 1 0 Ist March, 1886, to 28th February, 1887 ... ... ... 1,067 9 5 Ist March, 1887, to 28th February, 1888 ... ... ... 34,617 14 0 Ist March, 1888, to 28th February, 1889 ... ... ... 18,394 10 11 Ist March, 1889, to 4th January, 1890 ... ... ... 851 9 11 £63,562 18 3 Comparisons tvith otlier Statements. Total expenditure as shown herein ... ... ... ... 63,562 18 3 Add Cash at credit, Trust Account ... ... £250 0 0 Cash in hand ... ... ... 8 13 10 258 13 10 Grand Total—Corresponding with total receipts (exclusive of — railway earnings), as sshown in statement showing sources from which funds for construction of railway were derived £63,821 12 1

Amount. Portion chargeable to Constructionwork. Portion chargeable to Workingexpenses. £ s. d. debentures dated 1st April, 1887, and having currency for twelve years—viz., till 1st April, 1899, bearing interest at 5 per cent, interest due on same — viz., £1,175 paid in April, 1889, and £1,175 in October, 1889, by General Government, and £618 Is. 7d. for term from 1st October, 1889, to 4th January, 1890 Jwen, J., mortgage, £11,385 0s. 0d., plus interest at 7 per cent., from 1st January, 1889, to 4th January, 1890, £805 13s. Od. Gallon, D., mortgage, £5,000, 2>lus interest at 10 per cent., from 29th July, 1889, to 4th January, 1890, £217 10s. 3d. 5,217 10 3 jalance due on contract .. .. .. .. 581 12 5 £ s. d. £ s. d. £ s. d. £ s. d. 47,000 0 0 47,000 0 0 2,968 1 7 618 1 7 2,350 0 0 12,191 0 0 11,394 1 0 796 19 0 5,217 16 3 581 12 5 5,799 8 8 140 0 3 5,799 8 8 140 0 3 tfitcholson, J., balance of contract sum Jolonial Bank—Overdraft, as shown in pass-book made up to 31st August, 1889, £8,277 10s. 8d. ; plus interest at 8 per cent, from thence to 4th January, 1890, £228 lis. 4d : total, £8,500 2s. (This sum includes interest in all amounting to £1,507 13s. 9d. net; the actual advances obtained, therefore, amounted to £0,938 8s. 3d.) Creditors, viz.,— Barstow, R. C, Proceeds of bills and cash £598 0 0 Discounts .. .. 15 7 8 8,506 2 0 7,860 2 3 645 19 9 013 14 2 Chapman .. .. .. .. .. .. 0 10 3 Brett, H. .. .. .. .. .. .. 20 13 0 Devore and Cooper .. .. .. .. .. 1 16 0 New Zealand Railways .. .. .. .. 30 18 0 Holt, P. .. .. .. .. .. 62 0 0 Hobson County Council .. .. .. .. 2110 Jackson and Russell.. .. .. .. .. 18 18 2 Land Office.. .. .. .. .. .. 16 0 0 Morrin and Co. .. .. .. .. .. 85 12 7 Mackechnie, E. A. .. .. .. .. .. 550 0 0 Phillips and Sons .. .. .. .. .. 3 14 6 Secretary .. .. .. .. .. .. 301 5 6 Auditors .. .. .. .. .. .. 330 Wilsons and Horton .. .. .. .. .. 8 10 0 Amount probably payable to Natives for land taken for railway out of Opanake Reserve .. .. .. 250 0 0 Less— 1,975 12 2 Bills receivable, Dargaville, J. M. .. £50 0 0 Calls due .. .. .. .. 106 0 0 Coals and stores on hand, estimated at 52 10 2 Cash in Colonial Bank to credit of Trust Account .. .. .. .. 250 0 0 Cash in hand .. .. .. .. 8 13 10 467 4 0 ! 1,508 8 2 1,508 8 2 KM for contingent liabilities — Balance of Fallon's contract .. .. .. .. 0,320 2 4 Permanent-way and rolling-stock, say .. .. .. 7,000 0 0 78,113 0 8 74,320 1 11 3,792 18 9 13,320 2 4 13,320 2 4 91,433 3 0 87,640 4 3 3,792 18 9