8.—14

2

Statement of Liabilities. Outstanding liabilities, — £ s. d. Debentures issued under the Local Bodies' Loans Acts* .. .. .. .. .. .. 3,573,100 0 0 Under the Local Bodies' Loans Act, 1908— Unpaid balances of loans to local authorities .. .. .. .. .. .. .. 10,207 0 0 £3,583,307 0 0 Statement of Assets. Assets, — £ s. d. £ s. d. £ s. d. Payments for twenty-six years of 4J per cent, per annum on amount of inscribed debts of local bodies (£1,161,579 Bs. sd.f) .. .. 1,359,047 18 6 Payments for thirty-two years of 4 per cent, per annum on amount of inscribed debts of local bodies (£104,443 12s. 10d.f) .. .. 133,687 17 4 Payments for forty-one years of 3J per cent, per annum on amount of inscribed debts of local bodies (£1,722,285 Bs. 2d.f) .. .. 2,471,497 11 2 3,964,233 7 0 Less amount paid in respect of the annual repayments .. 1,462,521 13 6 2,501,711 13 6 Inscribed debt under section 75 of the Looal Bodies' Loans Act, 1908 .-. 607,276 7 7 Less amount refunded on disposal of lands .. .. .. 397,996 13 9 209,279 13 10 Sinking i'und created under section 88 of the Local Bodies' Loans Act, 1908 799,600 12 0 Cash balance, 31st March, 1913 .. .. .. .. .. 4,956 13 7 1,013,836 19 5 £3,515,548 12 11

G. F. C. Campbell, The Treasury, 29tb September, 1913. Secretary to the Treasury. Notkm. — The total amount borrowed up to the 31st March, 1913, waa £3,573,100. The total amount repaid under section 31 of the Government Loans to Local Bodies' Act, 1886, to Public Works Fund up to the 31st March, 1912, was £89,800.

* £1,421,800 of this amount has been converted into consolidated-stock debentures under the Consolidated Stock Act, 1884. I These amounts represent the debt as inscribed up to the Ist February, 1913. They include the inscribed stock exchanged for debentures under thfl Roads and Bridges Construction Act, 1882, amounting to £89,878 Bs. 9<t (See 8.-13,1891.)

Approximate Cost of Paper. —Preparation, not given ; printing (1,500 copies), £2 10s.

By Authority j John Mackay, Government Printer, Wellington.—l9l3.

Price 3d.]