ceipts of the councils from loans, during the year, and of the loans of the councils 

 Reserve Funds, etc., excluding Loans, etc., in connection with Tramway 

 'LY, or Electricity Supply Undertakings. 



js OF Sinking Funds, Reserve Funds, etc.* 



lances) Act, 1903, or borrowed from the poUce pension funds of councils, but do not include moneys appropriated from 



en over from school boards under the Education Act, 1902. In cases were some portion of these loans was made to the late 



them to make these loans to the late school boards is included in columns i or 2, and not the amounts which are 



1 19, where loans had been raised by town councils to lend money to school boards, also relate to the sinking funds. 



Pension Fund Account, 1908-09. 



