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
|
