8.-14

6

Statement of Liabilities and Assets. Outstanding liabilities, — _£ s. d. & s. d. £ s. d. Debentures issued under "The Government Loans to Local Bodies Act, 1886"* .. .. .. .. .. .. .. 1,165,500 0 0 Under " The Government Loans to Local Bodies Act, 1886 " — Money promised to local authorities which have complied with the provisions of the Actf .. .. .. 34,257 0 0 Money liable to be advanced as required when the provisions of the Act are complied with .-. .. .. 46,049 0 0 80,306 0 0 Under " The Government Loans to Local Bodies Act Amendment Act, 1891 "— Unpaid balance of loans .. .. .. .. 12,967 19 9 Applications foe loans for which the necessary steps are not yet completed .. .. .. .. .. 32,725 1 3 45,693 1 0 £1,291,499 1 0 Assets,— £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 5 per cent, per annum on amount of inscribed debts of local bodies (£948,371155. 2d.{) 1,232,883 5 9 Less amount paid in respect of the annual repayments 267,594 9 5 965,288 16 4 Inscribed.debt under "The Government Loans to Local Bodies Act Amendment Act, 1891" .. .. .. .. 196,630 11 8 Less amount refunded on disposal of lands .. .. 34,328 0 4 162,302 11 4 Sinking fund created under section 5 of " The Government Loans to Local Bodies Act Amendment Act, 1892" .. .. .. 135,329 2 7 Cash balance, 31st March, 1898 .. .. .; .. .. 21,978 2 11 ■ ■ £1,284,898 13 2

The Treasury, Jas. B. Hbywood, 4th July, 1898. Secretary to the Treasury. Note.—The total amount borrowed up to the 31st March, 1898, was £1.165,500. The total amount repaid to Public Works Fund up to the 31st March, 1898, was £89,800. The total amount advanced to local bodies up to the 31st March, 1898, was =6857,091 6s. lid. The total amount advanced under " The Government Loans to Local Bodies Act Amendment Act, 1891," up to the 31st March, 1898, was £196,630 10s. 2d. * £912,300 of this amount has been converted into Consolidated Stock debentures under " The Consolidated Stock Act, 1884." f Including second year's grants, for which all formalities have been completed j This amount represents the debt as inscribed on the Ist February, 1898. It includes the inscribed stock exchanged for debentures under " The Roads and Bridges Construction Act, 1882," amounting to £89,878 Bs. 9d. (See 8.-13,1891.) Approximate Oost of Paper.— Preparation, not giveD ; printing (1,435 copies), £7 16s.

By Authority : John Maokay, Government Printer, Wellington.—lB9B.

Price 6d.