B.—l [PT. I].

PUBLIC ACCOUNTS, 1934-1935.

ORDINARY REVENUE ACCOUNT —continued.

9

Year ended 81st March YEAR 1Q qC ENDED 31ST MARCH, _ lOOO. 1934. EXPENDITURE. ___ Net. Gross. Credits. Net. p a j £ s. d. £ d. £ s. d. 24,202,026 15 9 Brought forward .. .. .. .■ •• •• 24,499,595 9 4 Public Revenues Act, 1926, Section 41, — 37,738,968 0 0 Treasury Bills redeemed (including redemptions by renewal) .. •• iu ' aM ' New Zealand Loans Act, 1932, — Banks Indemnity (Exchange) Act, 1932-33 — 11,180,196 15 0 Treasury Bills redeemed .. .. 25,122,622 0 0 129,085,817 0 0 Treasury Bills renewed at maturity .. .. " o ,co'kaa a a 3,182,200 0 0 Treasury Bills converted .. .. .. . • 3,188,500 0 0 143,448,213 15 0 Banks Indemnity (Exchange) Act, 1932-33, — Payment to the Banks for exchange on London purchased and paid into New Zealand Government Indemnity „ „ 26,684,000 0 0 Exchange Account, London .. .. .. .. 7,614,000 0 0 .. 7,614,000 0 Exchange paid to the Banks on London funds treated as „ 4,477,810 0 0 surplus sterling assets .. .. .. •• 421,892 13 0 4,899,702 13 0J Or. 4,477,810 31 161 810 0 0 8,035,892 13 0 4,899,702 13 0 3,136,190 0 0 Finance Act, 1931 (No. 4), Section 7 (2), — Repayment to the Banks of Advances obtained by the Hypothecation of Securities .. .. .. .. •• •• 4,050,000 0 0 Transfer to Deposits Account —Reserve Bank Investment Account of proceeds of Stock issued to Reserve Bank (per contra) .. •• 1,000,000 0 0 Amortization of Debt, — New Zealand Loans Act, 1932 — Securities redeemed before maturity— j , Stock I ■■ 1,600,212 5 1 Balances at end of Year,— 14,740,102 11 5 Cash.. .. . • •• •• ns'inn I 7 123,597 17 3 Imprests outstanding .. .. •• •• •• j.io,iw 148 900 3 1 Investment Account— 1,164,019 14 1 Securities held .. .. •• •• •• 55,935 6 11 16,027,720 2 9f £252,578,738 13 6 Totals .. .. .. .. £138,528,364 1 3 t Asainst this Treasury bills under the Public Revenues Act, 1926, section 41, amounting to £3,452,109 were outstanding. Further Treasury bills amounting to uMot the Banks Indemnity (Exchange) Act, 1932-33, were also outstanding, but £1,000,000 was held against these bills in the. New Zealand Government on 8ttrplag Ij0nd on (unds remitted to New Zealand applied to clear amount previously charged to suspense item.