.jpg)
The Pamphlet Collection of Sir Robert Stout: Volume 53
The National Debt of New Zealand
The National Debt of New Zealand.
| Gross Public Debt, 30th June, 1882 | £30,047,611 |
|---|---|
| Less Sinking Fund Accrued | 2,317,776 |
| £27,729,835 | |
| 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, £9,944,137, from the total indebtedness of £27,729,535 leaves £17,785,698 as the National Debt of the Colony at the present time apart from Railways.
Railway Revenue over Expenditure is approximately estimated up to 30th June last. The amount realised on the estimated cost of the Railways is £3 18s. 2d. per cent, per annum, and there are evidences of improvement in that direction.
page 29