INVESTMENT OF DEPARTMENTAL FUNDS (RETURN SHOWING).

Appendix to the Journals of the House of Representatives, 1920 Session I, B-11

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1920. NEW ZEALAND.

INVESTMENT OF DEPARTMENTAL FUNDS (RETURN SHOWING).

Presented to both Houses of the General Assembly pursuant to Section 91 of the Public Revenues Act, 1010.

8.-H.

Return showing the Investments of the Funds of the Post Office, Public Trust, Commissioners of Public Debts Sinking Funds, State Advances Office, New Zealand Consols, and State Fire Insurance Accounts during the Financial Year ended 31st March, 1920.

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ComStat. Advances Office. Investments. Account, percent. Public Trust Account. missioners ■ of Public Debts Advances Advances Sinking to to Funds Settlers Workers Account. Branch. Branch. New Advances Advances r>,,y.i,-„ Zealand to Office vSSr Consols Local Sinking „ Account. Authorities I Fund w™x Branch. Branch. Duna. State Fire Insurance Account. ■ i ' i I I Government securities — Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1902 Aid to Water-power Works Act, 1910 Appropriation Act, 1917 (section 22) Discharged Soldiers Settlement Loans Act, 1919 (section 3) .. Discharged Soldiers Settlement Loans Act, 1919 (section 4) .. Discharged Soldiers Settlement Loans Act, 1919 (section 4) . . District Railway Purchasing Acts, 1885-80.. Finance Act, 1916 (section 49) Finance Act, 1917 (section 77) Finance Act, 1918 (section 10) Finance Act, 1918 (No. 2), (section 29) Finance Act, 1918 (No. 2), (section 29) Finance Act, 1918 (No. 2), (section 30) Finance Act, 1918 (No. 2), (section 31) Finance Act, 1918 (No. 2), (section 32) Fruit-preserving Industry Act, 1913, and Finance Act, 1917 (section 80) Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918 (section 43) Kauri-gum Industry Amendment Act, 1914 Kauri-gum Industry Amendment Act, 1914, and Appropriation Act, 1918 (section 45) " Land for Settlements Act, 1908 Land for Settlements Act, 1908 Land Laws Amendment Act, 1913, and Appropriation Act, 1918 (section 42) Land Laws Amendment Act, 1913 Land Laws Amendment Act, 1913 Maori Land Settlement Act, 1905.. Native Land Amendment Act, 1913 New Zealand Consols Act, 1908 New Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1917 (section 68) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) Bailways Improvement Authorization Act, 1914 Bailways Improvement Authorization Act, 1914 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 £ 500 14,900 30,000 20,000 100,000 150,000 100,000 40,000 771,850 1,750,000 350,000 7,500 600,000 35,000 1,950 30,000 3,000 3,000 £ £ £ 3,250 .'. .. 150,000 125,000 6,500 '.'. I I I £ £ I i I l £ £ I £ I £ s. d. 4i 4 4 42,800 530,000 1/700 4 4 4 4 5 4 42,800 32,100 330,000 14,400* 64,280 300 53,000 1,200 | '.'. 8,100 ! '.'. *i 6,000 ' • 4 77,000 30,000 * £16,000 Inscribed Consols .urchased at £90.

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Return showing the Investments of the Funds of the Post Office, Public Trust, Commissioners of Public Debts Sinking Funds, State Advances Office, New Zealand Consols, and State Fire Insurance Accounts during the Financial Year ended 31st March, 1920— continued.

Compiled from returns rendered. J. J. Bsson, ml „. .. .,, T , ~ „,,-. Acting Secretary to the Treasury. The Treasury, 11th July, 1920. b J A. Morgan, Audited and found correct. Acting Accountant to the Treasury. Eobert J. Collins, Controller and Auditor-General.

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State Advances ice. CornInvestments. IRate of Interest per Cent.. Post Office Account. missioners Public Of 4 rt varices Trust Public Debts Advances Advances Account. Sinking to to , , Funds Settlers Workers Ant horities Account. Branch. Branch. Advances Office Sinking Fund Branch. Public Debt Extinction Fund. New Zealand Consols Account. State Fire Insurance Account. Government securities — continued. Rangitaiki Land Drainage Amendment Act, 1913, and Appropriation Act, 1918 (section 44) Rangitaiki Land Drainage Amendment Act, 1913. and ApjDropriation Act, i 1918 (section 44) Bangitaiki Land Drainage Amendment Act. 1913. and Appropriation Act, 1919 (section 19) Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1917 (section 81) Scenery Preservation Act, 1908 Swamp Drainage Act, 1915 Swamp Drainage Act, 1915, and Appropriation Act, 1918 (section 46) .. Waihou and Ohinemuri Rivers Improvement Act, 1910 Other securities — Advances to local authorities' debentures British War-loan Stock Mortgages .. .. .. .. .. .. Freehold office property .. .. .. .. .. On fixed deposit .. .. .. .. .. 4 4 4 4 4 4 5 £ £ 25,000 | 3,000 I 60,000 j £ £ £ £ £ £ £ £ s. d I I ! 10,000 5,000 5,000 25,000 30,000 281,100 400,000* 660,145 225,055 88,935 52,345 141,335 170,600 6,700 300 0 0 18,253 2 10 35,000 0 0 Totals .. .. .. .. .. I 5,393,380 281,100 20,750 1,335,145 225,055 88,935 193,680 177,300 53,553 2 H I * £421,052 12s. 6d. purchased at £95.

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Statement showing Particulars of New Investments and of Securities renewed by the Post Office Savings-bank during the Year ended 31st March, 1920.

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Particulars. Ill _ Due Date of Securities. Amount. New Investments. Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1902 Aid to Water-power Works Act, 1910 Appropriation Act, 1.917 (sec. 22) Discharged Soldiers Settlement Loans Act, 1919 (sec. 3) Discharged Soldiers Settlement Loans Act, 1919 (sec. 4) Discharged Soldiers Settlement Loans Act, 1919 (sec. 4) Discharged Soldiers Settlement Loans Act, 1919 (sec. 4) District Railway Purchasing Acts, 1885-86 Finance- Act, 1918 (se,\ 10), Proceeds of Sale of War-loan Certificates Finance Act, 1918 (No. 2), sec. 29 (Aid to Public Works) Finance Act, 1918 (No. 2), sec. 29 (Aid to Public Works) Finance Act, 1918 (No. 2), sec. 29 (Aid to Public Works) .. Finance Act, 1918 (No. 2), sec. 30 (Cold-storage Advances Account) Finance Act, 1918 (No. 2), sec. 31 (Discharged Soldiers Settlement) Finance Act, 1918 (No. 2), sec. 32 (State Forests) Finance Act, 1918 (No. 2), sec. 32 (State Forests) Fruit-preserving Industry Act, 1913, and Finance Aot, 1917 (sec. 80).. Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918 (sec. 43) .. Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918 (sec. 43) .. Hauraki Plains Amendment Act, 1913, and Appropriation Act, 191.8 (sec. 43) .. Kauri-gum Industry Amendment Act, 1914 Kauri-gum Industry Amendment Act, 1914, and Appropriation Act, 1918 (sec. 45) Land for Settlements Act, 1908 Land Laws Amendment Act, 1913, and Appropriation Act, 1918 (sec. 42) Land Laws Amendment Act, 1.913, and Appropriation Act, 1918 (sec. 42) Land Laws Amendment Act, 1913, and Appropriation Act, 1918 (sec. 42) Land Laws Amendment Act, 1913, and Appropriation Act, 1918 (sec. 42) Land. Laws Amendment Act, 1913, and Appropriation Act, 1918 (sec. 42) Land Laws Amendment Act, 1913 Land Laws Amendment Act, 1913 Land Laws Amendment Act, 1913 Land Laws Amendment Act, 1913 Native Land Amendment Act, 1913 Native Land Amendment Act, 1913 Native Land Amendment Act, 1913 Native Land Amendment Act, 1913 4 4 4 4 4 4 4 H 4 4.V 4" H 4 4 4 4 4 4 4 4 4 4 4 4* 4 4 4 4 4 4 4 4* 44 4 4 4 4 1 May, 1924 1 Dec., 1924 1 May, 1923 1 Mar., 1923 1 Mar., 1925 1 Mar., .1925 1 Mar., 1925 1 Mar., 1925 1 July, 1.924 Various I Feb., 1924 I Peb., 1925 1 Feb.. 1925 1 Mar., 1924 1 Mar., 1924 I Feb., 1924 I Feb., 1925 I April, 1924 1 Feb., 1924 1 Feb., 1.925 1 Peb., 1925 I May, 1.924 1 May, 1924 I Feb., 1925 I April, 1.924 I April, 1924 1 April, 1924 1 April, 1925 1 April, 1924 1 Feb., 1925 1 Jan., 1925 1 Jan., 1925 1 Feb., 1925 1 April, 1924 I April, 1924 I April, 1924 1 April, 1925 £25,000,1 April, 1923 £75,000,1 April, 1924 1 April, 1.925 1 April, 1923 1 April, 1925 1 April, 1923 1 Feb., 1925 1.5 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1927 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1927 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1938 15 Nov., 1.938 15 Nov., 1938 20 April, 1939 £22,500,1 April, 1924 £30,000, 1 May, 1924 1 Jan., 1924 £ 500 14,900 30,000 20,000 100,000 50,000 100,000 100,000 40,000 771,850 510,000 350,000 1,240,000 7,500 000,000 15,000 20,000 1,950 1.0,000 5,000 15,000 3,000 3,000 42,800 20,000 300,000 10,000 50,000 150,000 38,400 4,400 3,600 28,500 25,000 25,000 25,000 25,000 Native Land Amendment Act, 1913 Native Land Amendment Act, 1913 . . .. Native Land Amendment Act, 1913 Native Land Amendment Aot, 1913 Native Land Amendment Act, 1913 New Zealand Consols Act, 1908 .. New Zealand Inscribed Stock Act, 1917 Now Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 .. Now Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 .. New Zealand Inscribed Stock Act, 1917, and Finance Act, 1917 (sec. 68) New Zealand Inscribed Stock Act, 1917 NewZealand Inscribed Stock Act, 1917 .. New Zealand Inscribed Stock Act, 191.7 New Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917, and Finance Act, 1917 (sec. 68) New Zealand Inscribed Stock Act, 1917 New Zealand inscribed Stock Act, 1917 Now Zealand Inscribed Stock Act, 1.917 Now Zealand Inscribed Stock Act, 1917 .. New Zealand Inscribed Stock Act, 1917 Now Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Aot, 1917 New Zealand Inscribed Stock Act, 1917 New Zealand Inscribed Stock Act, 1917 Now Zealand Inscribed Stock Act, 1917 r 4 4 4 4 4i 4* 44 41 4i 4| 5 44 44 44 44 44 5 44 44 44 44 44 44 44 44 44 44 "1 y 100,000 1 25,000 50,000 25,000 30,000 *14,400 7,000 11,000 5,000 500 5,000 5,000 100 150 400 1,000 1,400 2,400 200 1,000 1,500 3,500 2,000 9,000 560 1,500 370 1,000 3,000 2,000 New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements .Branch) I 52,500 300 New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) 4 4 1 Jan., 1.924 200 44 1 Mar., 1925 6,000 Carried forward 5,123,380 * £16,000 New Zealand Inscribed Consols nirohased a it £90.

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Statement showing Particulars of New Investments, etc. — continued.

General Post Office, A. Markman, Wellington, sth July, 1920. Acting-Secretary.

Particulars. Vrri One 3"ri» pHrH Pi Due Date of Securities. Amount. New Investments— -continued. £ 5,123,380 27,000 Brought forward Bailways Improvement Authorization Act, 1914 .. Railways Improvement Authorization Act, 1914 no 4 •! 1 Feb., 1924 £25,000, 1 Feb., 1923 £25,000, 1 Feb., 1925 I Feb., 1925 1 Mar., 1923 1 Mar., 1924 L 50,000 30,000 10,000 10,000 m Bailways Improvement Authorization Act, 1914 Bangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1917 (sec. 81) Bangitaiki Land Drainage Amendment Act, 1913, anil Appropriation Act, 1918 (sec. 44) Rangitaiki Land Drainage Amendment Act, 1913, and Appropriation Act, 1918 (sec. 44) Bangitaiki Land Drainage Amendment Act, 1913, and Appropriation Act, 1918 (sec. 44) Bangitaiki Land Drainage Amendment Act, 1913, and Appropriation Act, 1918 (sec. 44) Bangitaiki Land Drainage Amendment Act, 1913, and Appropriation Act, 1919 (sec. 19) Scenery Preservation Act, 1908 Swamp Drainage Act, 1915 Swamp Drainage Act, 1915, and Appropriation Act, 1918 (sec. 40) Swamp Drainage Act, 1915, and Appropriation Act, 1918 (sec. 40) Swamp Drainage Act, 1915, and Appropriation Act, 191.8 (sec. 46) Waihou and Ohinemuri Bivers Improvement Act, 1910 Waihou and Ohinemuri Rivers Improvement Act, 1910 Waihou and Ohinemuri Bivers Improvement Act, 191.0 44 4 4 4 4 4 1 44 1 Mar., 1924 I Mar., 192.1 1 Mar., 1925 1 Mar., 1925 5,000 10,000 3,000 60,000 4 4 4 4 4 4 4 4 I May, 1924 I May, 1923 I May, 1924 1 May, 1924 1 May, 1925 1 Aug., 1924 1 Aug., 1924 1 Aug., 1924 5,000 5,000 10,000 5,000 10,000 10,000 10,000 10,000 5,393,380 Renewed Investments. 1 Nov., 1.924 1 Jan., 1925 31 Mar., 1925 1 May, 1924 1 Nov., 1924 1 May, 1924 31 Dec, 1924 1 Nov., 1924 1 April, 1924 I April, 1924 1 Jan., 1925 1 Feb., 1925 1 May, 1924 1 Oct., 1924 1 Nov. 1924 I Feb., 1925 1 Mar., 1925 1 April, 1924 1 Jan., 1925 1 Feb., 1925 31 Mar., 1925 1 Sept., 1924 1 Mar., 1925 1 May, 1924 I April, 1924 1 April, 1924 Aid to Public Works and Land Settlement Act, 1914 Aid to Public Works and Land Settlement Act, 1911 Aid to Public Works and Land Settlement Act, 1911 Aid to Public Works and Land Settlement Act, 1900 Aid to Water-power Works Act, 1910 Aid to Water-power Works Aot, 1910 Consolidated Stock Act, 1884 Appropriation Act, 1.912 (Irrigation and Water-supply) Coal-mines Aot, 1908, and Appropriation Aot, 1912 Coal-mines Act, 1908 Government Bailways Amendment Act, 1910 Hauraki Plains Amendment Act, 1913 Hutt Ballway and Boad Improvement Act, 1910 Irrigation, and Water-supply Act, 1913 Kauri-gum Industry Amendment Act, 1914 Land for Settlements Act, 1908 .. Land for Settlements Act, 1908 Land Laws Amendment Act, 1913 Land Laws Amendment Aot, 191.3 Land Laws Amendment Act, 1913 Land Laws Amendment Act, 1913 Local Bodies' Loans Act, 1908, and Government Loans to Local Bodies Act, 1886 Local Bodies' Loans Act, 1908 Mining Amendment Act, 1913 Native Land Amendment Act, 1913 New Zealand State-guaranteed Advances Acts, 1909-10 (Native Land Settlement Branch) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) Rangitaiki Land Drainage Amendment Acts, 1913-14 Scenery Preservation Act, 1908 State Advances Act, 1913 (Advances to Settlers Branch) State Advances Act, 1913 (Advances to Workers Branch) State Advances Act, 1913 (Local Authorities Branch) 4 4 44 4 4 4 4 4 4 4 4 4 4 4 4 4 44 4 4 4 44 4 44 4 4 4 525,000 49,000 50,000 500 50,000 50,000 283,500 .1.0,000 25,000 110,000 5,000 6,000 2,000 35,000 9,000 177,215 10,000 108,000 9,800 52,400 10,000 231,500 250,000 7,000 98,500 50,000 4 1 May, 1924 15,300 4 4 4 4 4 1 Sept., 1924 1 May, 1924 1 June, 1924 I June, 1924 1 June, 1924 7,000 39,000 573,200 50,000 200,000 3,098,91.. 8,492,295

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Return of the Investments made by the Commissioners of the Public Debts Sinking Funds during the Financial Year ended 31st March, 1920.

Return of Investments made by the State Advances Office during the Financial Year ended 31st March, 1920.

Return of Temporary Investments made by the State Advances Office during the Financial Year ended 31st March, 1920.

Particulars. •*-■ -*-» ■** S So 03 "H ih Due Date of Securities. Amount. Total. New Zealand Inscribed Stock Act, 1917. . New Zealand Inscribed Stock Act, 1917.. Maori Land Settlement Act, 1905 Land for Settlements Act, 1908. . Fruit-preserving Industry Act, 1913, and Finance Act, 1917 (section 80) Fruit-preserving Industry Act, 1913, and Finance Act, 1917 (section 80) Appropriation Act, 1917 (section 22), (cold storage) , 4f 4 4 I 4 I 4 I 4 15 Nov., 1938 20 April, 1939 1 Jan, 1923 1 Jan, 1923 1 April, 1924 £ s. d. | 5,300 0 0 2,800 0 0 1,200 0 0 1,700 0 0 500 0 0 & s. d. 1 April, 1923 ; 6,000 0 0 1 Mar, 1923 3,250 0 0 90 7r.n n <. ilV , I UlJ _j Wellington, 9th June, 1920. H. A. Lamb, Secretary to the Commissioners.

Securities. Rate of Interost. Amount. Total. Advances to Settlers Branch. £ s. d. £ s. d. Mortgages of property .. I 5 per cent, reducible to 4| per cent, if 660,145 0 0 660,145 0 0 paid within fourteen days of due date I Advances to Workers Branch. Mortgages of property .. I 5 per cent, reducible to 4| per cent, if I 225,055 0 0 j 225,055 0 0 paid within fourteen days of due date j Local Authorities Branch. Debentures issued by I 4| per cent. .. .. .. 88,935 0 0 I 88,935 0 0 local authorities Public Debt Extinction Fund Branch. Mortgages of property ..1,5 per cent, reducible to 4| per cent, if , 6,700 0 0 6,700 0 0 paid within fourteen days of due date Debentures issued by i\ per cent. .. .. ..170,600 0 0 170,600 0 0 local authorities Advances Office Sinking Fund Account. Mortgages of property .. 5 percent, reducible to 4| per cent, if 141,335 0 0 141,335 0 0 paid within fourteen days of due date Debentures issued by i\ per cent. .. .. .. 52,345 0 0 52,345 0 0 local authorities 1,345,115 0 0 State Advances Office, Wi. Waddel, Wellington, 14-th June, 1920. Deputy Superintendent.

Securities. Rate of Interest. Amount. Total I Amount. J British War-loan Stock ... Finance Act, .1916 (section 49) Finance Act, 1917 (section 77) £ s. d. £ s. 5 per cent. .. .. 400,000 0 0* 4 per cent. .. .. 150,000 0 0 4 per cent. .. .. 125,000 0 0 675,000 0 d. 0 * £421,i _ I 152 12s. 6d. purchased at £95. State Advances Office, Wellington, 28th July, 1920. Wm. Waddbl, Deputy Superintendent.

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Return of Investments made by the Registrar of the New Zealand Inscribed Consols during the Financial Year ended 31st March, 1920.

Return of Investments made by the Public Trustee under Section 91 of the Public Revenues Act, 1910, for the Year ended 31st March, 1920.

Return of Investments made by the State Fire Insurance Department during the Financial Year ended 31st March, 1920.

Approximate Cost of Paper. —Preparation, not given; printing (510 copies), £l() 10s.

Authority : Maecus F. Marks, Government Printer, Wellington.—l92o.

Price 6d.]

Particulars. •TH HJ "2 O ™ fl CD Ol HH> 0) & HJ H rH P. Due Dato of Securities. Amount. Total. Renewed investments, — Local Bodies' Loans Act, 1908, and Government Loans to Local Bodies Act, 1886 General Purposes Loan Act, 1873 Aid to Public Works and Land Settlement Act, 1902 Consolidated Stock Act, 1884 Government Railways Amendment Act, 1910 Land Laws Amendment Act, 1913 4 4 I .1 Sept, 1924 28 Nov, 1924 1 Dec, 1924 £ s. d. 15,800 0 0 45,000 0 0 600 0 0 £ s. d 4 4 31 Dec, 1924 1 Jan, 1925 84,500 0 0 980 0 0 4 1 Feb, 1925 18,450 0 0 165,330 0 0 165,330 0 0 J. J. Esson, Deputy Registrar of Now Zea' land Consols. Office of the Registrar of New Zealand Consols, Wellington, 15th June, 1920.

Particulars. Jj ' Si Wh P CD 1 c " I Due Date of Securities. < Amount. £ S. d. 281,100 0 0 Total. £ s. d. Mortgages .. .. .. 281,100 0 0 Public Trust Office, Wellington, 29th June, 1920. R. Teh }GS, iblic Trustee.

Particulars. hhi <D I—' Due Date of Securities. Amount. Total. few investments — On fixed deposit Mortgages on property Freehold office property £ s. d. 35,000 0 0 300 0 0 18,253 2 10 £ S. d. 53,553 2 10 Wellington, 5th May, 1920. C. R. C. Robiesi Gem )N, iral Manager.