B.—l [PT. IVj.

CONSOLIDATED FUND.—REVENUE UNDER SECTION 12 OF THE REPAYMENT OF THE PUBLIC DEBT ACT, 1925. Revenue Account fob the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Public Debt Repayment Account—■ By Interest on the Public Debt Redemption Payments during the year— Fund due to the Consolidated Fund —■ | per cent, on the public debt out- Public Trust Office (£7,966,688 lis. 2d.)— standing as at 31st March, 1925 Ist April, 1925, to 31st December, (£174,128,134 13s. 2d.) .. .. 870,640 13 6 1925, at 5 per cent. .. .. 300,114 19 7 3J per cent, on the public debt can- Ist January, 1926, to 31st March, celled during the year 1925-26 1926, at 5J per cent. .. .. 103,130 11 11 (£889,732 13s. 2d.) computed from Discharged Soldiers Settlement Account dates of redemption .. .. 2,093 2 6 (£13,500,000) — Excess of revenue over expenditure .. 211,380 8 11 Ist April, 1925, to Ist March, 1926, at 4 per cent. .. .. .. 494,510 17 5 Ist March, 1926, to 31st March, 1926, at 4 per cent, (accrued) .. .. 45,489 2 7 State Advances Office (£3,258,955 19s. 4d.) — Ist April, 1925, to 31st March, 1926, net earnings.... .. .. 107,320 3 11 Accrued at 31st March, 1926 .. 33,548 9 6 £1,084,114 4 11 £1,084,114 4 11 Notes.—(a) The amount of £107,320 3s. lid. due by State Advances Office was outstanding at 31st March, 1926. (b) Overdue interest amounting to £8,427 3s. 7d. on securities held by the State Advances Office has not been included, (e) Interest has been credited on the full amount (£13,500,000) transferred from the Consolidated Fund to the Discharged Soldiers Settlement Account, and now declared to be capital moneys of the Public Debt Redemption Fund, as the amounts to be written off against this sum have not yet been determined. 16th March, 1927. G. C. Rodda, A.R.A.N.Z., Acting-Accountant to the Treasury. I hereby certify that the Revenue Account has been examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the above departmental notes.—G. F. C. Campbell, Controller and Auditor-General.

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