The Pamphlet Collection of Sir Robert Stout: Volume 40
The National Debt of New Zealand
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.