8.—5.

STATEMENT of the RECEIPTS and EXPENDITURE of the RESERVE

STATEMENT of the RECEIPTS and EXPENDITURE of the NEW ZEALAND CONSOLS

24

1906-1907. RECEIPTS. 1907-1908. £ s. d. £ s. d. £ s. d. " The Reserve Fund Seourities Act, 1907,"— Proceeds of Debentures created .. 800,000 0 0 Securities purchased under authority of " The Reserve Fund Securities Act, 1907," as per contra 800,000 0 0 Total £1,600,000 0 0

£ s. d. Ill 476,850 0 0 Balance at beginning of Year, — Cash in Deposit Account .. Investment Account £ s. d. 10 1 1 478,225 0 0 £ s. d. 478,235 1 1 476,851 1 1 1,384 0 0 Deposits inscribed 214 0 0 £478,449 1 1 : £478,235 1 1 Totals The Treasury, Wellington, 25th April, 1908.