•• TniH'hri" and Development. 



205 



is to give the people of the colony some reasonably accurate idea of 

 what their ultimate liability will be 

 Mr John Boilers to 

 sincere thanks. 



The figures have been checked by 

 :his opportunity of expressing my 



whom I take this opportunity of expressin 



First Three 

 Years. 



Nothing. 



DEVELOPMENT. 



After Three 

 Years. 



(a) £23,437 being 

 interest at 3^ per- 

 cent, on | M. Stg. 



(b) Plus interest 

 on £70,311 being 

 three years deferr- 

 ed interest, viz , 

 £2,197. 



(c) Plus Sinking 

 Fund for 47 years 

 on 3i% basis on 

 total of loan and 

 accumulations on 

 interest— £7,111. 



ifter Six Years. 



Do. 



Do. 



Do. 



After 'Twelve 

 Years. 



Do. 



Do. 



Do. 



Nothing. 



Total 

 £32,745 fur inter- 

 est and Sinking 

 Fund. 



Nothing. 



RAIL WAV. 



Half interest on 

 loan of 1 j M. Stg. 



£19,531. 



(a) Full interest 

 on 11 M loan 



£39,062. 



(b) Plus interest 

 on £234,372 



amount of first 

 six years deferr- 

 ed interest, viz.. 

 £7,324. 



('•) Plus interesl 



on 2nd six years 



defend £117,186 



viz., £3,662. 



(d) Total on foot 



nt' Sinking Fund 



for 38 vears at 



H% £27,281. 



Total £77,329. 



NOTE.— Sinking Fund is calculated on the assumption that we can get o.j per cent, for 

 our money. We could probubly do better. We might also get onr loans at a little less 

 than 3J. ft 



