bodied man between
eighteen and fifty is liable to military service without as well as
within the limits of the state. There is also a volunteer naval force.

_Revenue, Debt, &c._--The following table shows the total receipts
(including loans) and payments (including that under Loan Acts) of the
colony in various financial years, from 1880 to 1905:--

+-------------+----------------+--------------------+------------+
| | Receipts. | |
| Year ending +----------------+--------------------+ Payments. |
| 30th June. | Total. | Loans | |
| | |(included in total).| |
+-------------+----------------+--------------------+------------+
| 1880 | L3,556,601 | L3,742,665 |
| 1885 | L3,814,947 | L496,795 | 4,211,832 |
| 1890 | 5,571,907 | 1,141,857 | 5,327,496 |
| 1895 | 5,416,611 | 26,441 | 5,388,157 |
| 1900 | 6,565,752 | 128,376 | 7,773,230 |
| 1905 | 13,856,247 | 5,214,290 | 10,914,784 |
+-------------+----------------+--------------------+------------+

The colony had a public debt of L42,109,561 on the 31st of December
1905, including sums raised for corporate bodies, harbour boards, &c.,
but guaranteed in the general revenue. The greater part of the loans
were issued at 3-1/2 or 4% interest. Nearly the whole of the loans raised
have been spent on railways, harbours, irrigation and other public
works. The value of assessed property for divisional council purposes
was returned in 1905 at L87,078,268. The total revenue of the divisional
councils increased from L160,558 in 1901 to L273,543 in 1905, and the
expenditure from L170,892 in 1901 to L243,241 in 1905. The receipts
from municipal rates and taxes rose from L520,587 in 1901 to L700,103 in
1905; the total municipal receipts in the same period from L978,867 to
L1,752,105. At the end of 1905 the total indebtedness of the
municipalities was L5,775,420, and the value of assessed property within
the municipal bounds L53,948,224.

_Banks._--The following table gives statistics of the banks under trust
laws:--

+----------+------------------------------------+--------------+------------+
| | Including Head Offices. | | Assets and |
| 31st +--------