B.—l PT. I].

PUBLIC ACCOUNTS, 19 31-19 3 2.

LOANS REDEMPTION ACCOUNT.

33

Year Year ended 31st March, ended 31 st March, 1932 1931. EXPENDITURE. ' Net * Gross. Credits. Net. £ s. d. New Zealand Inscribed Stock Act, 1917, Section 3, — £ s, d. £ s. d. £ s. d. 672,150 0 0 Bonds and Debentures converted into Inscribed Stock .. .. .. 708,050 0 0 1,200 0 0 Inscribed Stock converted into Debentures .. .. .. .. 15,000 0 0 7,100 0 0 Inscribed Stock (Death Duties) converted into Inscribed Stock .. .. 9,300 0 0 14,240 0 0 Inscribed Stock (Death Duties) replaced by Inscribed Stock .. .. .. 3,920 0 0 Public Revenues Act, 1926, Section 143, — 900 0 0 Bonds lost and replaced by Inscribed Stock .. .. .. .. 17,850 0 0 Finance Act, 1922, Section 3 (5), — 1,300 0 0 Stock Certificates replaced by Inscribed Stock .. .. .. .. 1,500 0 0 Finance Act, 1921-22, Section 24, — 7,532,400 0 0 Securities redeemed and cancelled before maturity .. .. 8,033,910 0 0 New Zealand Loans Act, 1908,— Securities redeemed at maturity— 3,086,715 0 0 Debentures (Nominal Value, £510,035) .. .. .. .. .. 500 849 14 10* 1,265,170 0 0 Inscribed Stock (Nominal Value, £543,790) .. .. ., 541'727 10 3* 15,100 0 0 Death Duty Stock .. .. .. .. .. .. 5 950 0 0 3,650,000 0 0 Treasury Bills .. .. .. .. t< 5,900,000 0 0 8,016,985 0 0 6,948,527 5 1 Securities redeemed by renewal—• 14,300,586 0 0 Debentures .. .. .. .. .. .. 4 450 ggQ q q 710,370 0 0 Inscribed Stock .. .. .. .. .. .. '' ' gg'soo 0 0 15,010,956 0 0 4,516,660 0 0 War Credits applied in redemption of Loans in terms of Section 13 (1) of the Finance Act, 1925, — Securities redeemed at maturity— 19,000 0 0 Inscribed Stock Reparation Moneys applied in redemption of Loans in terms of the Public Revenues Act, 1926, Section 135 (3), — Securities redeemed at maturity— 174,090 0 0 Debentures .. . . .. .. ., ,. _ _ on qaO 0 0 122,710 0 0 Inscribed Stock .. .. .. .. .. ,, 'gno n n 55,560 0 0 Death Duty Stock .. .. .. .. .. ., ig 730 q q 352,360 0 0 50,630 0 0 Securities redeemed and cancelled before maturity in terms of Section 24, Finance Act, 1921-22 — 30,000 0 0 Debentures .. 65,136 16 0 Inscribed Stock .. .. .. .. .. # . j qqq q q 95,136 16 0 1;000 Q Q 31,723,727 16 0 Carried forward .. .. .. .. 20,306,347 5 1 * See Treasury note on page 55.