B.—ll.

£ s. d. £ s. d. Money bolfrowed to make advances to local bodies ... ... ... 50,000 0 0 Money advanced to local bodies ... ... ... ... ... 59,763 10 0 Outstanding liabilities, —■ Money promised to local bodies which have complied with the provisions of the Actf ... ... ... ... 14,928 0 0 Money liable to be advanced as required when provisions of tiie Act are complied with ... ... • ... ... 39,530 0 0 54,458 0 0 Assets, — Inscribed debt of local authorities! ... ... ... ... 241,006 14 3

Note. —The total amount borrowed up to the 31st March, 1890, to make advances to local bodies was £250,000. The total amount advanced to local bodies up to the 31st March, 1889, was £248,200 4s. lOd. t Including second year's grants, for which all formalities have been completed. I This amount represents the debt as inscribed on the Ist February, 1890. It excludes the inscribed stock exchanged for debentures under "The Roads and Bridges Construction Act, 1882," separately described. (See 8.-12 A, 1889.)

[Approximate Cost of So/per.— Preparation, nil; printing (1,300 copies), £4.

Authority: Geobgb Didsbuby, Government Printer, Wellington.—lB9o.

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