B.—l [PT. I].

PUBLIC ACCOUNTS, 1 9 35-1 93 6.

LOANS REDEMPTION ACCOUNT.

s—B,5 —B, 1 [PT. I].

27

y EAR I Yeae ended 31st March, ENDED 31ST MAKCH, 1936. 1935. EXPENDITURE. Net. Gross. Credits. Net. £ s. d. New Zealand Loans Act, 1932,— £ s. d. £ s. d. £ s. d. Section 14 — Securities converted — 23,042,579 18 4 Stock 65,000 0 0 Treasury Bills 1,487,835 1 8 Securities paid off by the issue of new Securities.. .. .. 8,883,985 0 0 Loans renewed at maturitv — Stock .. .. .. .. 111,700 0 0 2,100 0 0 Death Duty Stock matured under Section 40 (3) .. .. .. 130,000 0 0 Treasury Bills 64,465 0 0 Deed of Security .. 24,791,980 0 0 8,995,685 0 0 Section 15 — Securities converted— Debentures .. .. .. .. .. .. .. 34,500 0 0 Stock .. .. .. .. .. .. .. .. 3,336,365 0 0 Premiums on conversion .. .. .. .. .. .. 340,560 12 11 3,711,425 12 11 Section 40 (6) — 108,960 0 0 Death Duty Stock replaced by Ordinary Stock .. .. .. .. 64,650 0 0 Section 57 —- 329,695 0 0 Debentures exchanged for Stock .. .. . .. .. 859,250 0 0 18,255 0 0 Death Duty Stock exchanged for Ordinary Stock .. .. 33,560 0 0 347,950 0 0 892,810 0 0 Section 58 — Securities redeemed at maturity— 330,600 0 0 Debentures .. .. .. .. .. .. .. 8,500 0 0 420,100 0 0 Stock .. .. .. .. .... .. .. 27,590 0 0 Securities redeemed before maturity— Debentures 51,300 0 0 Stock .. .. .. .. • 357,685 0 0 802,000 0 0 393,775 0 0 . I Section 63 — 1,000 0 0 Debentures lost and replaced by Stock .. New Zealand Debt Conversion Act, 1932-33, — Section 16 — Tax-free Stock replaced by Ordinary Stock .. .. .. .. 7,335 0 0 26,051,890 0 0 Carried forward .. .. . ■ 14,065,680 12 11