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.