•B.—l [PT. IV, SUP.] .

RESERVE FUND ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1925. Expenditure. £ s. d. Income.. £ s. d. To Excess of income over expenditure .. 90,306 10 1 By Interest on investments .. .. .. 90,306 10 1 £90,306 10 1 £90,306 10 1 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. I Assets. Capital Account .. .. 2,000,000 0 0 Investment Account— Excess of income over expenditure to I Nominal Value. Cost Price. Slot,Marcli IQO4. £119 137 17 5 £ s. d. £ s. d. £ s. d. For year ended 230,000 0 0 Transvaal 3 % stock .. 212,005 9 0 31st March, 1925 90,306 10 1 59,000 0 0 Egyptian guaranteed 209 111 7 6 3 % bonds .. 56,362 15 0 153,010 6 1 India 3} % stock .. 147,547 8 6 357,766 5 7 India 3 % stock .. 261,500 3 4 65,340 8 4 India 2| % stock .. 31,746 1 0 1,283,157 17 11 British War Loan 5 % stock .. .. 1,219,000 0 0 1,928,161 16 10 2,148,274 17 11 Interest accrued on investments .. 28,201 1 10 Interest due and unpaid .. .. 885 0 0 29,086 1 10 Treasury Adjustment Account .. .. .. 252,196 8 10 £2,209,444 7 6 £2,209,444 7 6 The Treasury, Wellington, 22nd June, 1925. A. D. Park, Accountant to the Treasury. I "hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

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