Otago Provincial Gazette – 1867 – No. 473

Page 92

✨ Provincial Debt Report



STATE of the FUNDED DEBT of the Province of Otago, on the 31st December, 1866, including undertakings for the Principal and Interest of which the Province may be Liable as Guarantor.

Act or Ordinance by which the Loan is authorised and date of same. Amount authorised to be borrowed. Amount of Debentures in Circulation. Rate of Interest. Rate of Sinking Fund. Date when Debentures are Redeemable. Amount of Sinking Fund.
£ £ per cent. per cent. Paid to Trustees.
Otago Loan, 1856 ... 35,000 10,300 10 ... December 31, 1868 ... £10,300
Loan, 1861-62 ... 50,000 50,000 8 3 July 1, 1873 ... 7,000
July 1, 1874 ... 43,000
Loan, 1862 ... 500,000 500,000 6 1 July 1, 1898 ... ...
Harbor Loan, 1862 ... 50,000 35,700 8 3 November 1, 1874 ...
Public Buildings Loan, 1862 50,000 49,825 8 3 October 1, 1875 1,500 0 0
22,996 11 0

What amount of, and in what manner Sinking Fund is invested.

Harbor Loan Debentures, £8,500.
Public Buildings Loan, £1,525.
The remainder invested in General Gov. Debentures.

Note 1.—By the Dunedin Water Works Guaranteed Interest Ordinance, 1864, and the Amendment Ordinance, 1866, the Government guarantee not more than 8 per cent. on a paid-up capital of not exceeding £50,000 for a period of ten years.

Note 2.—By the Southern Trunk Railway Guaranteed Interest Ordinance 1865 Extension and Amendment Ordinance 1866, the Government guarantee a dividend of not less than 8 per cent. on the paid-up capital of the Company for fifteen years, dating from the commencement of the works.

Provincial Treasury, Dunedin, 22nd March, 1867.

Julius Vogel, Provincial Treasurer.




Online Sources for this page:

VUW Te Waharoa — PDF Otago Provincial Gazette 1867, No 473




✨ LLM interpretation of page content

💰 State of the Funded Debt of the Province of Otago

💰 Finance & Revenue
22 March 1867
Debt, Loans, Sinking Fund, Provincial Treasury, Otago Province
  • Julius Vogel, Provincial Treasurer