29

B—6

SUMMARY, Consolidated FundOrdinary Revenue Account— £ Expenditure .. .. .. .. .. .. 24,176,928 Revenue .. .. .. .. .. .. 23,599,676 Deficit, 1928-29 .. .. .. .. £577,252 (Deficit due to overestimate of taxation receipts and unexpected expenditure on account of interest.) £ Balance brought forward, Ist April, 1928 .. .. 3,302,232 £ Less deficit for 1928-29 .. .. .. 577,252 Final instalment of purchase price of C longterm mortgage shares in Bank of New Zealand ... .. .. 58,594 Amortization of debt . . .. .. 50 Subsidies to local authorities in respect of unemployment .. .. 68,567 Advances to Native Trustee (net) .. .. 33,000 Advances to Rural Intermediate Credit Board 110,100 Sundry charges and expenses of raising loans 1,128 ■ 848,691 Balance, 31st March, 1929 .. .. .. £2,453,541 This balance was made up as follows : — £ Cash .. .. .. .. .. 2,315,381 Imprest outstanding .. .. .. .. 135,880 Investments .. .. .. ... 2,280 £2,453,541 Summary op Debt Operations. £ Debt as at Ist April, 1928 .. .. .. .. .. 251,396,252 Add— New loans raised for 1928-29 — £ Ordinary .. .. .. 6,839,547 State Advances .. .. .. 3,067,910 9,907,457 Part of £7,000,000 London loan carried forward for 1929-30 .. 5,379,105 Increases arising out of conversions and redemptions of 1929 stock 739,347 Raised for redemption but not applied as at 31st March, 1929 .. 3,946 267,426,107 Less redemptions .. .. .. .. .. 3,234,124 Debt as at 31st March, 1929 .. .. . .£264,191,983 Classification of Debt. £ Ordinary .. .. .. .. .. 151,488,052 War .. .. .. '.. .. .. 70,881,269 Discharged Soldiers . . .. .. .. 8,287,656 State Advances .. .. .. 33,535,006 ' £264,191,983