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Statement of Liabilities. Outstanding liabilities, — i s. d. Debentures issued under the Local Bodies' Loan- Acts* .. .. .. .. .. 3,523,100 0 0 CJnder the Local Bodies' Loans Act. 1908 Unpaid balances of loans to local authorities .. .. .. .. .. 18.882 o 0 £3,641,982 0 0 Statement of Assets. Assets, t s. ||. V s. d. i B. d. Payments for twenty-sis years of 4J per cent, per annum on amount of inscribed debts of local bodies (£1,168,465 19s. 4d.f) .. .. 1,355,406 2 8 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£104,443 12s. lOd.t) •• •• 133.687 17 4 Payments for forty-one years of •{.', per cent. |>er annum mi amount of insoribed debts of looal bodies (£1,709,884 19s. sd.t) ■■ ■• 2,453,684 19 6 3,942,777 19 6 Less amount paid in respect of the annual repayments .. .. 1.231.271 15 5 2,711,606 4 I Inscribed debt under section 75 of the Local Bodies' Loans Act, 1908 ■ . 607,276 7 7 Less amount refunded on disposal of land- .. .. .. :i!)7.!l!lti 13 !• 209,279 13 Hi Sinking fund created under .section SS of the Local Bodies' Loans Act. 1908 799,600 12 (I Cash balance, 31st March, 1911 .. .. .. .. .. 18,865 :S 7 1.027.745 9 5 . £3,739,251 13 B .T. W. Poynton, The Treasury. 9th June, 1911. Secretary to the Treasury. Notes.—The total amount borrowed up to the Mist March, 1911, was £3,523,100. The total amount repaid to Public Works Fund up to the 31st March, 1911, was cstf.HUO. Tlie total amount advanced t* local bodies up to the Mist March. 1911, was £2,85!1,61U 17s. 6d.; less refunds, £33,977 os. Bd. £2,825,633 His. ad. The total amount advanced under section 75 of the Local Bodies' Loans Act, 1908, up to the 31st March, 1911. was £(i08.27 K 7s. 7d.. less refund of £181 ■> £608,145 7s. 7d.

! £1,421,800 of this amount has been converted into consolidated-stock debentures under the Consolidated Stock Act, 1881. I These amounts represent the debt as inscribed up to the Ist February, 1911. They include the insoribed stock exchanged lor debentures under the Heads and Bridges Construction Act, 1882. amounting to £'89.H7H ss. 9d. (See 8.-IS, 1891.)

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