8.—2

Pub uc Debt Repayment Account. Receipts. Balance at beginning of year —■ £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. .. 4,394 12 10 Bepayment 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 outstanding at 31st March, 1927 .. .. .. .. 919,727 4 10 Subsection (6), being 3J per cent, of the amount of the public debt redeemed to 31st March, 1927 .. .. .. .. .. .. 64,111 610 Subsection (b), being 3| per cent, of the amount of the public debt cancelled during the year, computed from the dates of redemption .. .. 9,925 17 4 993,764 9 0 Interest on investments .. .. .. .. .. .. .. .. 216 6 2 £998,375 8 0 Payments. Securities redeemed and cancelled in terms of section 13 of the Bepayment of the Public Debt Act, 1925— New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— Stock certificates under — £ s. d. £ s, d. War Purposes Loan Act, 1917 (nominal value £170) .. .. 170 0 0 I nscribed stock under— Finance Act, 1916, section 35 (war expenses), (nominal value £200) 192 0 0 Finance Act, 1918, section 10 (war expenses), (nominal value £286,400) .. .. .. .. .. .. 286,395 10 0 War Purposes Loan Act, 1917 (nominal value £21,030) .. .. 20,993 15 0 New Zealand 4-per-cent. consolidated stock, 1929 (nominal value £100,211 os. Id.) .. .. .. .. .. .. 98,642 11 2 Finance Act, 1916, section 35 (war expenses), (nominal value £200) .. 194 0 0 War Purposes Loan Act, 1917 (nominal value £140,000) .. .. 140,000 0 0 War Purposes Loan Act, 1917, and Finance Act, 1917, section 68 (nominal value £451,600) .. .. .. .. .. .. 451,600 0 0 998,187 16 2 Balance at end of year— Cash in the Public Account .. .. .. .. .. .. .. 187 11 10 £998,375 8 0

Statement of Securities redeemed and cancelled in Terms of Section 13 of the Repayment of the Public Debt Act, 1925, during the Financial Year, 1927-28.

Wm. Downie Stewart. Chairman, Public Debt Commission.

Approximate Cost of Paper.—Preparation, not given; printing (500 copies), £4.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l92B.

Price 3d.]

2

Authorizing Act. j Nomi nal Value. Cash utilized. £ s. d. £ s. d. New Zealand Consolidated Stock Act, 1877— f Stock .. 4 1/11/29 10,000 0 0 9,825 10 11 6/3/28 Ordinary Revenue Account 1 J „ .. 4 1/11/29 j 11.000 0 0 10,801 4 6 6/3/28 Miscellaneous .. .. 4 1/11/29 ; 54,000 0 0 53,177 15 7 28/3/28 Revenue deficiencies J ! „ .. 4 1/11/29 24,466 12 4 24,105 12 11 28/3/28 I „ .. 4 1/11/29 744 7 9 732 7 3 28/3/28 Finance Act, 1916, section 35 .. Debentures I 4f 1/9/30 200 0 0 194 0 0 31/3/28 Stock .. 4£ 15/11/38 200 0 0 192 0 0 31/3/28 Finance Act, 1918, section 10 .. „ .. j 4| 20/4/39 ; 5,000 0 0 5,000 0 0 31/3/28 5 20/4/29 | 300 0 0 295 10 0 31/3/28 „ .. 5 15/11/27 281,100 0 0 281,100 0 0 15/11/27 War Purposes Loan Act, 1917 .. Debentures 4 1/2/29 |140,000 0 0 140,000 0 0 31/3/28 Stock .. 4J 15/11/38 900 0 0 863 15 0 31/3/28 4J 15/11/38 3,000 0 0 3,000 0 0 31/3/28 5 15/11/27 17,130 0 0 17,130 0 0 15/11/27 Stock certifi- 5 15/11/27 170 0 0 170 0 0 15/11/27 cates War Purposes Loan Act, 1917, Debentures 5 16/11/27 451,600 0 0 451,600 0 0 15/11/27 and Finance Act, 1917, section 68 Totals .. .. .. .. ! .. .. 999,811 0 1 998,187 16 2