B.—l IPT. 11.

63

PUBLIC ACCOUNTS, 1928-1929.

Year ended 31st March, 1929, compared with the Year ended 31st March, 1928—continued.

LOAN ACCOUNT—continued. 1927-1928. 1928-1929. Gross. EXPENDITURE. I £ s. d. £ s. d. £ s. d. 1,408,127 11 10 Brought forward .. .. .. .. .. .. 2,882,719 4 9 Rural Advances Act, 1926, — Proceeds of Bonds issued —■ Adjustment of amounts erroneously credited in 1927-28 Accounts .. .. .. 359,100 0 0 Balance at end of Year, — Cash in the Public Account— Advances to Settlers Branch .. .. .. .. .. .. 978,890 0 0 128 16 6 Advances to Workers Branch .. .. .. .. .. .. 200,130 4 6 283 10 0 Rural Advances Branch .. .. ., .. .. .. 2,855 0 0 _ 1.181,875 4 0 412 6 6 £1,408,539 18 4 Totals .. .. .. .. .. .. .. £4,423,694 9 3 MINES ACCOUNT. £ a. d. Annual Appropriation,— £ s. d. £ s. d. 304,131 11 5 Vote —State Coal-mines .. .. .. .. .. .. .. .. 282,584 5 2 Public Revenues Act, 1926, Section 139, - 9,101 19 2 Interest recouped to the Consolidated Fund .. .. .. .. .. 9,101 19 2 N.Z. Loans Act, 1908, Section 26, — 31 4 11 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 7 17 3 Amortization of Debt, — Coal-mines Act, 1925, Section 185 — 4,552 0 5 Transfer to State Coal-mines Sinking Fund Account Finance Act, 1928, Section 22 —■ Transfer to State Coal-mines Sinking Fund Account— Subsection (1) —2 per cent, of Amount of Loans raised to 31st March, 1929, less amount redeemed otherwise than from the Sinking Fund .. .. 4,552 0 5 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund during the current Year .. .. .. .. .. .. .. 21 7 5 4,573 7 10 Balance at end of Year, — 22,097 16 8 Cash in the Public Account .. .. .. .. .. 5,671 16 6 Imprests outstanding— In London .. .. .. .. .. .. .. .. 049 Investment Account — 14,300 0 0 Securities held .. .. .. .. .. .. .. 32,800 0 0 : 38,472 1 3* 36,397 16 8 £354,214 12 7 Totals .. .. .. .. .. .. .. £334,739 10 8 * For explanatory statement see page 73. SINKING FUND ACCOUNT. £ s. d. Securities redeemed and cancelled in terms of the Finance Act, 1928, Section 22 (2), — £ s. d. £ s. d. Debentures cancelled before Maturity— Coal-mines Act, 1925 (to mature 1st April, 1929) .. .. .. .. .. 65,000 0 0 ■ • Balance at end of Year, — 5,313 7 4 Cash in the Public Account .. .. .. .. .. .. 4,604 4 7 Investment Account— 57,025 0 0 Securities held .. .. .. .. .. .. .. 250 0 0 4,854 4 7* 62,338 7 4 £62,338 7 4 Totals .. .. .. .. .. .. .. £69,854 4 7 ■ ■ i * For explanatory statement see page 73.