B. —1 [PT. I].

PUBLIC ACCOUNTS, 1 926-1 927.

LOANS REDEMPTION ACCOUNT—continued.

B—B.8 —B. 1 [PT. I].

51

19 25-1926. EXPENDITURE. 1927 " Gross. Gross. £ s. d. £ s. d. £ a. d. 18,250,606 9 0 Brought forward .. .. .. .. .. .. 1,332,265 3 3 Reparation Moneys applied in redemption of loans in terms of the Public Revenues Act, 1926, Section 135 (3), — Death Duty Stock redeemed — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917 — 4J-per-eent. Inscribed Stock, 1939— Finance Act, 1918, Section 10 (War Expenses)— Matured 14th March, 1927 .. .. .. .. .. 3,000 0 0 Matured 18th March, 1927 .. .. .. .. .. 5,000 0 0 8,000 0 0 4J-per-cent. Inscribed Stock, 1938 — War Purposes Loan Act, 1917— Matured 22nd December, 1926 .. .. .. .. 100 0 0 Matured 14th January, 1927 .. .. .. .. .. 1,000 0 0 Matured 22nd March, 1927 .. .. .. .. .. 2,700 0 0 Matured 28th March, 1927 .. .. .. .. .. 200 0 0 4,000 0 0 Securities redeemed and cancelled in terms of Section 24 of the Finance Act, 1921-22,— Debentures under — New Zealand Loans Act, 1908 — Finance Act, 1916, Section 35 (War Expenses)— Due 1st September, 1930 (nominal value, £2,750) .. .. .. 2,641 0 0 Finance Act, 1918, S ction 10 (War Expenses)— Due 20th April, .. .. .. .. .. .. 83,072 11 8 Finance Act, 1918 (No. 2), Part IV (War Expenses)— Due 1st July, 1930 .. .. .. .. .. .. 20,200 0 0 Due 20th April, 1939 (nominal value, £9,100) .. .. .. 8,735 7 6 War Purposes Loan Act, 1917 — Due 1st February, 1928 .. .. .. .. .. 3,350 0 0 Due 1st February, 1929 .. .. .. .. .. 25,000 0 0 Due 15th November, 1938 (nominal value, £25,500) .. . 24,482 12 6 War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68— Due 15th November, 1927 (nominal value, £38 Is. 4d.) .. .. 37 2 3 Inscribed Stock under— New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— Finance Act, 1916, Section 35 (War Expenses)— Due 15th November, 1938 (nominal value, £35,170) .. .. 33,805 9 0 Due 1st September, 1941 (nominal value, £900) .. .. .. 862 0 0 Finance Act, 1918, Scction 10 (War Expenses)— Due 20th April, 1929 (nominal value, £200) .. .. .. 196 5 0 Due 1st July, 1930 (nominal value, £3,500) .. .. .. 3,447 10 0 Due 20th April, 1939 (nominal value, £22,400) .. .. .. 21,747 10 0 War Purposes Loan Act, 1917— Due 15th November, 1927 (nominal value, £600) .. .. 585 0 0 Due 15th November, 1938 (nominal value, £141,520) .. .. 136,602 12 0 Due 1st September, 1941 (nominal value, £800) .. .. 768 0 0 365,532 19 11 Securities redeemed at maturity,— Debentures under — New Zealand Loans Act, 1908— Finance Act, 1916, Section 35 (War Expenses)— Due 1st August, 1926 .. .. .. .. .. .. 850 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses)— Due 31st October, 1926 .. .. .. .. .. 20,500 0 0 War Purposes Loan Act, 1917 — Due 1st February, 1927 .. .. .. .. .. 20,450 0 0 Inscribed Stock under — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917 — War Purposes Loan Act, 1917 — Due 1st February, 1927 .. .. .. •• 99,690 00 141,490 0 0 18,250,606 9 0 Carried forward .. .. .. .. .. .. 1,851,278 3 2 Note. — In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 81.