8.—6

XXXV

Annual Interest and Sinking Fund chargeable against the Consolidated Fund on Moneys borrowed for War Purposes as at 31st March, 1921. Annual interest charges— £ £ On 2,810 at 3 per cent. .. .. .. .. .. 85 On 1,168,421 at 3| per cent. .. .. .. .. .. 40,895 On 3,044,750 at 4 per cent. .. .. .. .. .. 121,790 On 53.242,118 at 41 per cent. .. .. .. .. .. 2,395,895 On 14,180,471 at sVer cent. .. .. .. .. .. 709,024 On 9,900,000 at 5| per cent. .. .. .. .. .. 532,125 £81,538,570 £3,799,814 Sinking fund — 1 per cent, on £81,538,570 .. .. .. .. .. 815,386 £4,615,200

Statement of Amounts of War Loans raised in New Zealand and London to the 31st March, 1921, with Rates or Interest payable thereon.

GERMAN REPARATION. I am pleased to be able to inform honourable members that this Dominion's share of the reparation money will amount to about £26,000,000. This amount will be payable in instalments, but I am advised that the priority of costs of occupation and of Belgian reparation will postpone any receipts by the British Empire until the middle of the year 1922 at the earliest. Although it is satisfactory to know that there is a good prospect of our obtaining from Germany a proportion of the large amount which we expended on the war I need not emphasize the importance of not relying upon this money too much, as it may be a long time before it will come in.

Mill to Authorizing Act. At 3J per Cent. : At 4|- per Cent. At 5 per Cent. At 5f per Cent. Total. Capital Liability. Public Revenues Amendment, 1914 Public Revenues Amendment, 1915 Finance, 1916 War Purposes Loan, 1917 Finance, 1918 £ 1,110,000 £ 890,000 £ £ £ 2,000,000 £ 2,067,411 3,200,000 4,710,000 7,910,000 8,105,992 4,500,000 1,530,000 3,300,000 6,600,000 4,500,000 4,830,000 6,600,000 4,736,842 4,830.000 6,600,000 1,110,000 4,090 000 10,740,000 9,900,000 125,840,00026,340,245 New 'eah :nd. Authorizing Act. At 3 per Cent. At 4 per Cent. At At 4| per Cent. At At 5 per Cent. Total. <*$* Liability. Public Revenues Amendment, 1915 Finance, 1916, and Appropriation Act, 1917 War Purposes Loan, 1917 Finance, 1918 (section 10) ... Finance, 1918 (No. 2) £ £ 393,750 £ 1,700,000 £ £ 2,093,750 £ 2,093,750 1,120,000 10,452,450 11,572,450 11,572,450 2,810 1,531,000 20,978,265 11,169,080 4,811,010 2,292,460 720,440 27,060 23,273,535 13,420,520 4,838,070 23,273,535 13,420,520 4,838,070 2,810 3,044,750 49,110,805 3,039,960 55,198,325 55,198,325