8.—14,

6

Statement of Liabilities and Assets. Outstanding liabilities, — £ s. d. £ s. d. £ a. d. Debentures issued under "The Government Loans to Local Bodies Act, 1886"* .. ... .. .. .. .. .. 1,239,400 0 0 Under " The Government Loans to Local Bodies Act, 1886 " — Money promised to local authorities which have complied with the provisions of the Aotf .. .. .. 24,650 0 0 Money liable to he advanced as required when the provisions of the Act are complied with .. .. .. 36,605 0 0 61,255 0 0 Under " The Government Loans to Local Bodies Act Amendment Act, 1891 "- Unpaid balance of loans .. .. .. .. 10,046 10 8 Applications for loans for which the neoessarv steps are not yet completed .. .. .. .. .. 80,751 7 11 90,797 18 7 £1,391,452 18 T Assets,— £ a. A. £ s. d. £ ». d. Payments for twenty-six years of 5 per cent, per annum on amount of inscribed debts of local bodies (£1,031,799 Bs. 4d.{) 1,341,339 4 10 Less amount paid in respect of the annual repayments 314,835 11 1 1,026,503 13 9 Inscribed debt under " The Government Loans to Local Bodies Aot Amendment Act, 1891 " .. .. .. .. 213,602 2 5 Less amount refunded on disposal of lands .. .. 47,576 6 1 166,025 16 4 Sinking fund created under section 5 of "The Government Loans to Local Bodies Act Amendment Act, 1892" .. .. .. 165,093 7 8 Gash balance, 31st March, 1899 .. .. .. .. .. 4,349 17 2 £1.361,972 14 11

The Treasury, Jas. B. Heywood, 4th July, 1899. Secretary to the Treasury. Note.—The total amount borrowed up to the 31st March, 1899, was £1.219,400. The toial amount repaid to Publio Works Fund up to the 31st March, 1899, was £89,800. The total amount advanced to local bodies up to the 31st March, 1899, was £931,618 Os. sd. The total amount advanced under " The Government Loans to Local Bodies Act Amendment Act, 1891," up to the 31st March, 1899, was £21.3,832 2s. sd. * £912.300 of this amount has been converted into Consolidated Stock debentures under " The Consolidated Stock Act, 1881." t Including second year's grants, for which all formalities have been completed. t This amount represents the debt as inscribed on the Ist February. 1899. It includes the inscribed stock exchanged for debentures under " The Boads and Bridges Construction Act, 1882," amounting to £89,878 Bs. 9d. (See 8.-13,1891.) Approximate Cost of Paper.— Preparation, not given; printing (1,410 copies), £8 4s.

Price 6'd.] By Authority : John Mackay, Government Printer, Wellington.—lB99.