APPENDIX F.

PUBLIC DEBT
Statement of Loans raised and purposes for which they were raised.

 Loan 1886,
 49 Vic. Cap.
 3.

 ................................

................  

60,000.00 
 Loan 1887,
 50 Vic. Cap.
 6.

 ................................

................  

480,000.00 
 Loan 1887,
 50 Vic. Cap.
 7.

 ................................

................  

320,000.00 
 Loan 1888,
 51 Vic. Cap.
 3.

 ................................

................  

50,000.00 
 Loan 1888,
 51 Vic. Cap.
 5.

 ................................

................  

218,000.00 
 Loan 1889,
 52 Vic. Cap.
 5.

 ................................

................  

408,000.00 
 Loan 1891,
 54 Vic. Cap.
 8.
 Purchase
   Newfoundland
   Railway 
................  

1,581,666.66 
 Loan 1893,
 56 Vic. Cap.
 1.
 Northern Railway
   and Brigus Branch

................  

3,384,473.35 
 Loan 1893,
 56 Vic. Cap.
 2.

 Western Railway

................  

4,708,800.00 
 Loan 1895,
 58 Vic. Cap.  13.
 To Repay Debentures
   and floating
   liabilities to
   English and local
   banks



................  



2,676,666.66 
 Loan 1897,
 60 Vic. Cap.
 2.
 To Repay Debentures
   and floating
   liabilities to
   English and local
   banks



................  



973,333.33 
 Loan 1897,
 60 Vic. Cap.
 4.
 Short line and Burnt
   Bay

................  

456,980.00 
 Loan 1898,
 60 Vic. Cap.
 6.
 West End Branch
   and Re-railing

................  

351,373.33 
 Loan 1901,
 1 Ed. VII.
 Cap. 6.

 Repurchase railways,
   etc.


................  


2,263,000.00 
 Loan 1905,
 5 Ed. VII.
 Cap. 1.
 To repay Floating
   Debentures
   (Matured in 1930
   and now appears in
   Loan 1930)




................  




2,885,000.00 
 Loan 1905,
 5 Ed. VII.
 Cap. 2.
 Telegraph Award and
   Loan
 Sundry Floating
   Debentures

................  

................  

1,900,433.33 

602.30 
 9th Ed. VII
 Cap. 3.
 Repayment of
   Advances from
   Exchequer
 New Wing, St. John's
   Hospital
 To Complete
   Museum
 Railway Arbitration
   Awards
 Grand Bank and
   Fortune Piers
 Municipal Council


 Less-Paid off from
   Profits Savings
   Bank


155,000.00 

80,000.00 

60,000.00 

15,000.00 

20,000.00 
100,000.00 
430,000.00 



50,000.00 
380,000.00 
 10th Ed. VII.
 Cap. 7.

 Municipal Council

................  

90,000.00 
 10th Ed. VII.
 Cap. 39.
 Loan 1910.


 Branch Railways


................  


3,893,333.33 
 1st Geo. V.
 Cap. 32.
 Loan 1911.
 Lighthouses and
   Marconi
 General Hospital
 Harbour Grace Public
   Building
 Dredge
 Municipal Council
 School Property
 Public Buildings

100,000.00 
73,000.00 

15,000.00 
50,000.00 
32,000.00 
100,000.00 
  14,750.00 
384,750.00 
 2nd Geo. V.
 Cap. 18.
 Loan 1912.


 Branch Railways


................  


1,946,666.66 
 8 & 9 Geo. V.
 Cap. 35.
 Loan 1918.
 War Purposes
   (Matured and now
   appears in Loan
   1928.)



................  



6,000,000.00 
 9 & 10 Geo.
 V. Cap. 2.
 Loan 1919.
 War Purposes
   (Matured and now
   appears in Loan
   1928.)



................  



1,543,400.00 
 9 & 10 Geo.
 V. Cap. 2.
 Loan 1919.
 War Purposes
 Lunatic Asylum,
   Sanatorium, Fever
   Hospital, etc.
5,500,000.00 


   500,000.00 



6,000,000.00 
 12 Geo. V.
 Cap. 2.
 Loan 1921.
 For Liquidation
   Temporary
   Railway Loan
 For other Railway
   Purposes
 For Public Works, to
   be distributed on a
   per capita basis
 For Special Public
   Works
 To liquidate the
   liability of the St.
   John's Municipal
   Council to the
   Royal Bank of
   Canada, such sum
   as may be required
   for that purpose,
   not to exceed the
   sum of
 As a Guarantee in
   connection with
   Fishery Supplies
 Such sum as may be
   required to
   liquidate deficit on
   Railway operations
   for fiscal year
   ending 30th June,
   1922, not exceeding

 Carried forward

 Brought forward


1,500,000.00 

1,000,000.00 


500,000.00 

500,000.00 









500,000.00 


500,000.00 






1,500,000.00 

................  

................  
 6,000,000.00 

48,956,478.95 

48,956,478.95 
 12 Geo. V.
 Cap. 1.
 Loan 1922.
 Expenses raising
   Loan
 Railway Purposes
 Normal School
 Redemption of
   Debentures
 Industrial Home for
   Blind
 Badger-Hall's Bay,
   Deer Lake-Bonne
   Bay, Colinet Roads
   and Special District
   Grants
 Storm Damages
   and Relief for
   unemployed
 Roads and Bridges
 Ballasting Railway
   for Relief work
 Completion and
   Repairs to Water
   Service to
   Sanatorium
 Plumbing New Wing,
   Lunatic Asylum
 Completion Water
   Supply, Lunatic
   Asylum
 Completion General
   Post Office
   extension
 Purchase of House,
   Heart's Content, for
   Court House and
   Gaol
 Notre Dame Bay
   Memorial Hospital
 Contribution to Road
   Commission
 Grand Bank Pier
 Marine Works
 Able-Bodied Pauper
   Relief
 In Aid St. George's
   Coal Fields
 In Aid Little River
   Coal Fields
 In Aid Harley's Coal
   Fields
 Public Works

70,212.44 
1,778,292.96 
400,000.00 

100,000.00 

22,500.00 




665,840.00 


1,285,601.45 
426,134.96 

171,395.05 



35,500.00 

5,335.00 


4,000.00 


2,000.00



3,500.00 

10,000.00 

10,000.00 
105,000.00 
273,878.87 

590,756.06 

1,000.00 

2,500.00 

2,500.00 
   34,053.21 
6,000,000.00 
 14 Geo. V.
 Cap. 9.
 Loan 1923.
 To liquidate Deficit
   1921-22
 To liquidate Deficit
   1922-23
 Militia Expenses
 Refund on Codfish
   Export Tax
 Expenses of raising
   Loan
 War Graves, etc.
 Railway operation
   purposes
 Railway Capital
   Expenditure to 30th
   June, 1924
 Railway, for Trucks,
   etc., for 62 freight
   cars
 Government
   Engineer for
   completion various
   bridges
 Public Works:-Roads,
   Bridges and Special
   Relief on Railway
 Marine and Fisheries:-
   Marine Works
 Agriculture and
   Mines
:--Pitprop
   Account
 Government Engineer's
   Department
:-For
   Completion of
   Bridges

857,861.87 

675,529.00 
114,044.07 

115,000.21 

14,812.34 
40,000.00 

299,566.42 


25,433.58 


75,000.00 



25,000.00 


173,092.51 

78,000.00 


1,000,000.00 



      6,660.00 
3,500,000.00 
 14 Geo. V.
 Cap. 2.
 Loan 1923.
 Railway Purchase
................  
2,061,033.33 
 15 Geo. V.
 Cap. 20.
 Loan 1924.
 To meet the deficit of
   1923-24
 Building Roads and
   Highways
 Rolling Stock on
   Government
   Railway
 Estimated cost of
   New Steamer on
   Gulf of St.
   Lawrence
 Cost of repairs to
   Dock
 Cost of Equipment
   and New Machinery
   Machine Shop, St.
   at John's West
 Cost of Completion
   of Building on
   Railway Stations,
   etc.
 Estimated cost of
   Re-railing 131 miles
   of Railway (Rails
   80lb.)
 Estimated cost of
   completion of
   Bridges and filling
   in old Trestles on
   Railway

 Carried forward

 Brought forward

1,600,000.00 

2,000,000.00 


350,000.00 



400,000.00 

675,000.00 



50,000.00 



75,000.00 



800,000.00 




   50,600.00 

................  

................  
 6,000,600.00 

66,518,112.28 

66,518,112.28 
 Loan 1925
 Rebuilding Dock
................  
500,293.33 
 Loan 1926
 Dock
 Railway
 Corner Brook Public
   Building
 Liquor Control
   Building
 Court House Heating
 Pitprop Account
 Militia Account
 "Lobelia," "Watchful,"
   and "Daisy"
 Lighthouses
 Labrador Boundary,
   etc.
 Public Buildings
 Addition to
   Sanatorium
 Telegraphs
 Mineral, Agricultural
   and Fishery
 Special Works and
   Improvements
 Cost of raising Loan
800,000.00 
1,945,000.00 

80,000.00 

13,000.00 
12,000.00 
200,000.00 
90,000.00 

80,000.00 
150,000.00 

75,000.00 
50,000.00 

50,000.00 
100,000.00 

296,790.00 

858,210.00 
  199,526.66 
5,000,000.00 
 19 Geo. V.
 Cap. 18.
 Loan 1923.
 5 per cent.
 1953.
 Retiring Loan 1918
 Towards Diversion
   Railway (Amended
   for Railway
   Purposes)
 Re-railing Main Line
   Railway, from
   Humbermouth to
   Port-aux-Basques
 Highroads
 Special Public Works
 Deficit 1927-28
 Deficit Railway 1927-
   28
7,543,400.00 



500,000.00 



800,000.00 
250,000.00 
250,000.00 
360,000.00 

  199,546.66 
10,002,946.66 
 20 Geo. V.
 Cap. 31.
 Loan 1929.
 5 per cent.
 1954.
 Public Works and
   Road and Marine
   Works
 Development of Cod
   and other Fisheries
 Addition to Railway,
   Re-railing Division,
   Rolling Stock and
   Machinery
 Telegraph and
   Telephone Service
 Liquidation Railway
   Deficits
 Cost of Raising Loan


1,350,000.00 

200,000.00 



1,150,000.00 

100,000.00 

3,000,000.00 
  199,626.66 
5,999,626.66 
 21 Geo. V.
 Cap. 1.
 Loan 1930.
 5 per cent.
 1955.
 Redemption Loan
   1905
 Bonds, etc.,
   Newfoundland
   Hotel
 Deficit Railway
   1929-30
 General Purposes,
   Railway
 General Purposes,
   Colony
 Cost Raising Loan

2,885,000.00 


500,000.00 

375,000.00 

120,000.00 

1,000,000.00 
  120,000.00 
5,000,000.00 
 22 Geo. V.
 Cap. 32.
 Loan 1932.
(a) Firstly, to the cost
   of raising the Loan.
(b) Secondly, to the
   payment of such
   sum as may be
   necessary to
   supplement the
   moneys standing to
   the credit of the
   Consolidated
   Revenue Fund in
   order to meet the
   interest on the
   Public Debt on the
   30th June and 1st
   July, 1932
(c) Thirdly, to the
   payment of the
   sums due and to
   fall due in respect
   to the building and
   equipment of the
   Memorial College
   extension and the
   repayment of any
   sums which may
   have been advanced
   from the
   Consolidated
   Revenue Fund for
   that purpose.
(d) Fourthly, to
   purchase in the
   open market of
   any stock or bonds
   of the
   Newfoundland
   Government
   bearing
   interest at a rate
   not less than five
   per centum per
   annum. Any stock
   or bonds so
   purchased shall be
   forthwith cancelled.

 Less Loan 1905
   matured and retired
   by Loan 1930
 Less Loan 1918
   matured and retired
   by Loan 1928


 Brought forward

 From this must be
   taken the amount
   of Bonds of Loan
   1895 redeemed
   under the
   operations of the
   Sinking Fund
      and
 Treasury Bills and
   Cash held by Glyn
   Mills & Company,
   London, for further
   redemption of the
   same Loan

 Making Net Funded
   Debt Outstanding
................  



2,885,000.00 


 7,543,400.00 


................  







1,867,897.80 






   448,009.01 


................  
   2,500,000.00 
100,520,505.59 





10,428,400.00 


90,092,105.59 














  2,315,906.81 


87,776,198.78 
 TEMPORARY LOANS.
 The following
   Temporary Loans
   must be added to
   the above:--
 1917




 March,
   1931


 August,
   1931

 August,
   1931


 November,
   1931


 July,
   1931

 July,
   1931

 July,
   1931

 July,
   1931

 December,
   1931

 December,
   1931

 December,
   1931

 December,
   1931

 December,
   1932



 December,
   1932


 June,
   1933





 1st July,
   1933
 From His Majesty's
   Government in the
   United Kingdom,
   for War purposes
   (£400,000)
 Bank of Montreal,
   on account of
   Exchequer
   deficiency
 Bank of Montreal,
   on account of
   Railway deficiency
 Bank of Montreal,
   on account of
   Western Marine
   Railway
 Royal Bank of
   Canada, on account
   of Newfoundland
   Hotel
 Bank of Montreal,
   Interest on Public
   Debt
 Bank of Nova Scotia,
   Interest on Public
   Debt
 Royal Bank of,
   Canada, Interest on
   Public Debt
 Bank of Commerce
   Interest on Public
   Debt
 Bank of Montreal,
   Interest on Public
   Debt
 Bank of Nova Scotia,
   Interest on Public
   Debt
 Royal Bank of,
   Canada, Interest on
   Public Debt
 Bank of Commerce,
   Interest on Public
   Debt
 His Majesty's
   Government in the
   United Kingdom,
   Interest on Public
   Debt
 His Majesty's
   Government in
   Canada, Interest on
   Public Debt
 His Majesty's
   Government in the
   United Kingdom,
   Interest on Public
   Debt
 Loans Outstanding

 Add Sinking Fund

 Gross Public Debt




1,946,666.66 



500,000.00 


600,000.00 



31,000.00 



300,000.00 


785,000.00 


667,000.00 


429,000.00 


119,000.00 


863,500.00 


733,700.00 


471,900.00 


130,900.00 




625,000.00 



625,000.00 




1,850,000.00 
................  

................  

................  
 10,677,666.66 
98,453,865.44 

   2,315,906.00 

100,769,771.44 

ANALYSIS OF THE PURPOSES FOR WHICH THE LOANS SET OUT IN THE PRECEDING PAGES WERE RAISED (APPROXIMATE FIGURE ONLY).

Railways ...................................................................  $34,570,000
War Purposes ............................................................    12,950,000
Highroads and other roads .......................................    10,500,000
Dock and Marine Works ...........................................     3,235,000
Telegraphs and Telephones .....................................     2,572,000
Public Buildings ........................................................     2,050,000
Lighthouses ..............................................................        715,000
Rebuilding of St. John's, Harbour Grace
  and Carbonear ........................................................        947,000
Encouragement of Fisheries ....................................        905,000
School Buildings .......................................................        800,000
Able-Bodied Relief .....................................................     1,795,000
Encouragement of Agriculture ................................        360,000
Labrador Boundary ....................................................        175,000
Dredge .......................................................................          50,000
Workingmen's dwellings ...........................................          62,000
Newfoundland Hotel ..................................................        635,000
West Corner Brook Water Company .........................          10,000
Harbour Grace Water Company ................................          13,000
St. John's Municipal Council ....................................     1,649,000
Deficits on Current Account (including Railway) .....   24,460,000

$98,453,000 


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