IX

8.—6

RANGITAIKI LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 9 599 Unexhausted authority for raising loan .. .. .. 15 000 T . nM . . 24,599 Liabilities on 31st March, 1913 .. .. .. ~ 311 Balance on 31st March, 1914 .. .. .. .. 1 836 Unexhausted authority for raising loan .. .. .. 5,000 T . , ~. . 6,836 Liabilities on 31st March, 1914 .. .. .. # , 344 STATE ADVANCES ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 450,723 Loan-money to receive .. .. .. .. 690,000 Unexhausted authority for raising loan .. . . .. 2,028,000 3,168,723 Liabilities and commitments on 31st March, 1913 .. .. 872.484 Balance on 31st March, 1914 .. .. . . .. 881 038 Loan-money to receive .. .. .. .. 1,005,000 Unexhausted authority for raising loan .. .. . . 1,956,000 3,842,038 Liabilities and commitments on 31st March, 1914 .. .. 680,799 THE PUBLIC DEBT. The gross public debt at the end of the financial year amounted to £99,730,427, and the net debt to £91,689,835. The following table shows the purposes for which the various amounts were borrowed : — £ Maori war .. .. .. .. .. 2,357,000 Defence .. . . .. .. .. 4,101,952 Public works .. .. .. .. .. 51,959,593 (Includes railways, roads and bridges construction and lands improvement, public buildings, telegraph and telephone lines, harbours and lighthouses, immigration, tourist and health resorts, development of water-power, development of goldfields and coal-mines.) Advances to settlers .. .. .. .. 9,544,625 Advances to workers .. . . .. . , 3,286,927 Land for settlements .. . . .. .. 7,805,893 Advances to local authorities . . .. .. 2,568,067 Native-land settlement .. . . .. .. 929,600 Guaranteed mining advances . . .. .. 15,000 Hauraki Plains settlement . . .. .. 100,000 Opening up Crown lands .. .. .. .. *251,911 RangitaiM land drainage .. .. .. .. 45,000 Bank of New Zealand shares . . . . .. 500,000 New Zealand Consols .. . . .. .. 475,991 Purchase of Native lands . . .. . . 2,715,217 State coal-mines . . . . .. . . 225,000 Loans to local bodies .. . . .. .. 3,507,000 Reserve Fund securities .. .. .. .. 800,000 Scenery-preservation .. .. .. .. 74,000 Deficiencies in revenue, charges and expenses of raising loans, increase by conversion, provincial liabilities and miscellaneous .. .. .. 8,467,651 £99,730,427 * Includes £37,171 transferred from Land for Settlements Account in accordance with section 63, Land Laws Amendment Act, 1913.

ii—B. 6.