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Public Debt Repayment Account. Receipts. Balance at beginning of year — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. .. 187 11 10 .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 outstanding at 31st March, 1928 .. •. .. .. 944,454 7 6 Subsection (6), being 3£ per cent, of the amount of the public debt redeemed to 31st March, 1928 .. .. .. .. .. .. 99,104 14 7 Subsection (6), being 3£ per cent, of the amount of the public debt cancelled during the year, computed from the dates of redemption .. 3,368 12 6 1,046,927 14 7 Interest on investments .. .. .. .. .. .. .. .. 8195 £1,047,196 15 10 Payments. redeemed and cancelled in terms of section 13 of the Repayment of the Public Debt Act, 1925— New Zealand Loans Act, 1908 — New Zealand 4-per-cent. consolidated stock, 1929 (nominal value £ s. d. £ s. d. £502,500) .. .. .. .. .. .. .. 498,370 18 8 Land Laws Amendment Act, 1913 (nominal value, £196,000).. .. 196,000 0 0 War Purposes Loan Act, 1917 (nominal value, £347,500) .. .. 347,500 0 0 1,041,870 18 8 Balance at end of year — Cash in the Public Account .. .. .. .. .. .. .. 5,325 17 2 £1,047,196 15 10

Statement of Securities redeemed and cancelled in Terms of Section 13 of the Repayment of the Public Debt Act, 1925, during the Financial Year, 1928-29.

JOSEPH WARD, Chairman, Public Debt Commission.

Approximate Cost of Paper.—Preparation, not given ; printing (500 copies), £2 12s. 6d.

By Authority : W. A. G. Skinner, Government Printer, Wellington.—l 929.

Price 3d.~\

Authorizing Act. | pe f Cent. MataUy. , Nominal Value. Cash utilized. Re^p % n . £ a. d.j £ s. d. New Zealand Consolidated Stock Act, 1877— Ordinary Revenue Account— Miscellaneous .. .. Stock .. 4 1/11/29 100,000 0 oj 98,900 0 5 19/7/28 Revenue deficiencies .. ,, .. j 4 1/11/29 402,500 0 0 399,470 18 3 26/3/29 Land Laws Amendment Act, 1913 Debentures 5 1/3/29 196,000 0 0 196,000 0 0 1/3/29 War Purposes Loan Act, 1917 .. „ j 4 1/2/34 347,500 0 0 347,500 0 0 26/3/29 Totals .. .. .. I .. 1,046,000 0 01,041,870 18 8