47

B.—l [PT. I

PUBLIC ACCOUNTS, 19 2 8-1929.

LOANS REDEMPTION ACCOUNT—continued.

1927-1928. 1928-1929. Gross. EXPENDITURE Gross . £ s. d, £ s. d. £ s. d. 5,504,640 0 0 Brought forward .. .. .. .. .. .. 3,025,938 13 10 New Zealand Loans Act, 1908, — 568,830 0 0 Inscribed Stock redeemed at Maturity .. .. .. .. .. .. 5,800 0 0 1,050,000 0 0 Treasury Bills redeemed at Maturity .. .. ... .. .. .. 1,050,000 0 0 Consolidated Stock converted into Consolidated Stock— New Zealand Consolidated Stock, 1929 (Public Works Fund, General Purposes Account) .. .. .. .. .. .. .. .. .. 16,759,496 0 0 War Credits applied in redemption of Loans in terms of Section 13 (1) of the Finance Act, 1925, — Securities redeemed at Maturity— 22,400 0 0 Debentures 3,000 0 0 Inscribed Stock Securities redeemed and cancelled before Maturity in terms of Section 24, Finance Act, 1921-22— Debentures (nominal value, £27,350) .. .. .. .. .. 27,274 0 0 27,274 0 0 25,400 0 0 Reparation Moneys applied in redemption of Loans in terms of the Public Revenues Act, 1926, Section 135 (3),— Securities redeemed at Maturity— 105,380 0 0 Debentures .. .. .. .. .. .. .. .. 26,700 0 0 57,890 0 0 Inscribed Stock .. .. .. .. .. .. .. .124,800 0 0 19,350 0 0 Death Duty Stock .. .. .. .. .. .. .. 66,050 0 0 I— 217,550 0 0 182,620 0 0 Securities redeemed and cancelled before Maturity in terms of Section 24, Finance Act, 1921-22— 72,073 8 9 Debentures (nominal value, £89,190).. .. .. .. .. 89,123 10 0 81,963 16 0 Inscribed Stock (nominal value, £34,460).. .. .. .. .. 33,855 12 0 122,979 2 0 154,037 4 9 £123,650 New Zealand Loans Act, 1908, — 4,899,466 0 0 Debentures redeemed by Renewal .. .. .. .. .. .. 13,730,245 0 0 905,270 0 0 Inscribed Stock redeemed by Renewal .. .. .. .. .. .. 51,110 0 0 New Zealand Loans Act, 1908, — Charges and Expenses of raising Loans— 2,500 0 0 Finance Act, 1920, Section 15 (Public Works), (redemptions) New Zealand Consolidated Stock, 1947, Ordinary Revenue Account, Miscellaneous— Revenue Deficiencies .. .. .. .. .. .. 18,048 5 1 Charges and Expenses of Conversions— New Zealand Consolidated Stock, 1947 (Public Works Fund, General Purposes Account) .. .. .. .. ■■ .. .. .. 226,348 7 9 New Zealand Consolidated Stock, 1948-58 (Public Works Fund, General Purposes Account) .. .. .. -. • • • ■ •. • • 498,522 18 5 Stamp Duty on transfers of New Zealand Consolidated Stock, 1935-45 — 10 2 5 Aid to Public Works and Land Settlement Act, 1902 (redemptions) .. .. 5 12 2 742,925 3 5 2,510 2 5 Adjustment of Entries incorrectly shown in 1927-28 Accounts, — New Zealand Loans Act, 1908 — Debentures issued for redemption of securities at Maturity (now treated as Debentures issued for redemption of Debentures before Maturity, per contra) .. 9,080 0 0 Balance at end of Year, — 32,012 18 3 Cash in the Public Account .. .. .. .. .. .. 45,414 10 9 Investment AccountSecurities held .. .. .. .. .. .. •• 19,881 11 8 65,296 2 5* £13,324,786 5 5 Totals .. .. .. .. .. .. .. £35,807,694 1 8 * For explanatory statement see page 73.