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The Pamphlet Collection of Sir Robert Stout: Volume 40

The National Debt of New Zealand

page 26

The National Debt of New Zealand.

Gross Public Debt, 30th June, 1881 £29,563,011
Less Sinking Fund Accrued 2,122,835
£27,440,176
Cash balance in hand 30th July, 1881 £1,092,659

Remaining to be expended out of the Five Million Loan.

From which deducting cost of construction of Railways, £9,437,145, from the total indebtedness of £27,440,176 leaves £18,003,031 as the National Debt of the Colony at the present time apart from Railways.

Railway Revenue over Expenditure is approximately estimated up to 30th July last. The amount being realised on the estimated cost of the Railways is over three and one-half per cent, per annum, and there are evidences of improvement in that direction.