9

8.—14.

Outstanding liabilities, — & s. d. & s. d. & s. d. Debentures issued under " The Government Loans to Local Bodies Act, 1886"* .. .. .. .. .. .. .. 854,800 0 0 Under " The Government Loans to Local Bodies Act, 1886 " —■ Money promised to Local Authorities which have complied with the provisions of the Aetf .. .. .. 40,230 0 0 Money liable to be advanced as required when provisions of the Act are complied with .. .. .. .. 24,615 0 0 64,845 0 0 Under " The Government Loans to Local Bodies Act Amendment Act, 1891 "— Balance of loans .. .. .. .. .. 22,792 0 0 Applications for loans for which the necessary steps are not completed .. .. .. .. .. .. 28,019 0 0 50,811 0 0 970,456 0 0

Assets, — Inscribed debt of local authorities]: .. .. .. .. 734,781 7 1 Less amount paid in respect of the annnal repayments .. 146,740 11 8 • 588,040 15 5 Inscribed debt under " The Goverment Loans to Local Bodies Act Amendment Act, 1891" .. .. .. .. .. 116,918 0 0 Less amount refunded on disposal of lands .. .. 7,542 19 1 ■ 109,375 0 11 Sinking Fund created under section 5 of " The Government Loans to Local Bodies Act Amendment Act, 1892 " .. .. .. 64,454 7 5 — 761,870 3 9

Note.—The total amount borrowed up to the 31st March, 1895, was £854,800. The total amount repaid to Public Works Fund up to the 31st March, 1895, was £89,800. The total amount advanced to Local Bodies up to the 31st March, 1895. was £647,791125. The total amount advanced under " The Government Loans to Local Bodies Act Amendment Act, 1891," up to the 31st .March, 1895, was £116,918. * £449,000 of this amount has been converted into Consolidated Stock Debentures under " The Consolidated Stock Act, 1884." 1 Including second years' grants, for which all formalities have been completed. I This amount represents the debt as inscribed on the Ist February, 1895. It includes the inscribed stock exchanged for debentures under "The Eoads and Bridges Construction Act, 1882," amounting to £89,878 Bs. 9d., separately described. (See 8.-13,1891.) Approximate Cost of Paper.—Preparation, not given; printing (1,350 copies), £12 4s. 6d. By Authority: Samuel Costall, Government Printer, Wellington.—lB9s. Price 6d.]

2—B. 14.