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The Pamphlet Collection of Sir Robert Stout: Volume 27

The National Debt of New Zealand

The National Debt of New Zealand.

Gross Public Debt, 31st March, 1883 £30,357,111
Less Sinking Fund Accrued 2,571,829
£27,785,282
Cash Balance in hand 30th July, 1882 £662,425
Remaining to be expended out of the Five Million Loan

From which, deducting cost of construction of Railways, £10,478,898 from the total indebtedness of £27,729,535, leaves £17,250,637 as the national debt of the Colony at the present time apart from Railways.

Railway Revenue over Expenditure is approximately estimated up to 31st March last at £360,526. The amount realised on the estimated cost of the Railways is £3 8s. 10d. per cent, per annum, and there are evidences of improvement in that direction.