8.—6

Table No. 11. Statement showing how Accumulated Surpluses have been applied. To Accumulated surpluses £ By Transfers to — £ £ at 31st March, 1929 30,246,838 Discharged Soldiers Settlement Advance Ito (Native Account— Trustee repaid .. 28,500 1920-21 .. .. 13,330,000 1921-22 .. .. 170,000 13,500,000 Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund Account — 1920-21 .. .. 50,000 1921-22 .. .. 50,000 1922-23 .. .. 50,000 1923-21 .. .. 50,000 200,000 Public Works Fund —- 1920-21 .. .. 500,000 1923-24 .. .. 1,000,000 1924-25 .. .. 1,000,000 1925-26 .. .. 500,000 1927-28 .. .. 250,000 3,250,000 Reserve Fund Securities Account — For purchase of securities, 1920-21 .. .. 1,200,000 For redemption of loan, 1922-23 .. .. 800,000 2,000,000 Loans redemption— I 1921-22 .. .. 560,011 1922-23 .. " .. 2,337,360 1923-24 .. .. 1,367,341 1924-25 .. .. 1,052,130 1925-26 .. .. 566,161* 1926-27 .. .. 588,868f 1927-28 .. .. 95,979 1928-29 .. .. 50 6,567,900 Bank of New Zealand Shares Account—■ £ | 1926-27 .. .. 808,594 1927-28 .. .. 117,188 1928-29 .. .. 58,594 984,376 | Education Loans Account, 1923-24 . . 100,000 Subsidies for relief of unemployment .. 143,673 Advance to State Forests Account .. 45,000 Advance to Native Trustee .'. .. 61,500 Advance to Rural Intermediate Credit Board .. .. .. .. 110,100 Charges and expenses of renewing loans. . 2,165 Ordinary revenue — To balance revenue and expenditure— £ 1921-22 .. .. 279,831 1928-29 .. .. 577,252 857,083 Investments at 31st March, 1929 .. 2,280 Balance (cash and imprests) at 31st March, 1929 .. .. ..2,451,261 £30.275,338 £30.275.338 * Includes £151,824 of reparation-moneys received from Germany. f Includes £73,710 of reparationmoneys received from Germany.

VIII