B.—l [Pt. I]

PUBLIC ACCOUNTS, 1926-192 7

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

64

PUBLIC DEBT 1925-1926. RECEIPTS, 1926-1927. £ a. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. .. 2,096 2 6 Repayment of the Public Debt Act, 1925, Section 11, — Transfers from the Consolidated Fund —■ Subsection (a), being one-half of 1 per cent, of the amount of the Public Debt 870,640 13 6 outstanding at 31st March, 1926 .. .. .. .. •• 896,651 3 5 Subsection (6), being 3J per cent, of the amount of the Public Debt redeemed to 31st March, 1926 .. .. .. .. .. .. .. 31,140 12 10 Subsection (b), being 3} per cent, of the amount of the Public Debt cancelled 2,093 2 6 during the year, computed from the dates of redemption .. .. .. 13,737 81 — 941,529 4 4 872,733 16 0 £872,733 16 0 Totals .. .. .. .. .. .. £943,625 6 10 RAILWAYS IMPROVEMENT £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 23,224 3 2 Cash in the Public Account .. .. .. .. .. .. 38,370 9 3 Imprests outstanding— 2,285 6 0 In the Dominion.. .. .. .. .. .. .. .. 4,506 1 0 12,291 16 5 In London .. .. .. .. .. .. .. .. 885 1 4 539 800 0 0 Investment Account .. .. .. .. .. .. .. 236,900 0 0 : 280,661 11 7 577,601 5 7 Credits in reduction of Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914, — 2 0 0 Duplications .. .. .. .. .. .. .. .. 3,956 17 5 J 31 10 0 Grade easements : Penrose-Mercer 253 5 6 New line, Auckland to Westfield .. .. .. .. .. .. 44,418 3 10 12,401 2 6 Signalling, interlocking and safety appliances .. .. .. .. 7,540 7 1 New stations, station-yards, and terminal facilities .. .. .. .. 6,715 0 1 Bridge-strengthening .. .. .. .. .. .. .. 18,587 2 4 1 81,217 10 9 12,687 18 0 Credits in reduction of Expenditure under Section 7 of the Finance Act, 1921, — 178 1 7 2 Paeroa railway-station rearrangement .. .. .. .. .. 22,523 6 0 41 10 4 Tawa Flat deviation 4,416 12 5 Peliohet Bay railway deviation .. .. .. .. .. .. 236 15 4 10 0 Railway electrio lighting 447 18 5 Hutt Valley railway .. .. .. .. .. .. .. 13,568 7 3 3,500 0 0 Railway from Auckland station-yard along Quay Street Palmerston North railway deviation .. .. .. .. .. .. 67 3 4 Elimination of level crossings .. .. .. .. .. .. 1,231 8 0 37,626 19 11 8,585 18 4 598,875 1 11 Carried forward .. .. .. .. .. .. I 399,506 2 3 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as reoeipts, 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.