B. —1 [Pr. I].

PUBLIC ACCOUNTS, 1 936-1 937.

LOANS REDEMPTION ACCOUNT.

23

y BA j> YEAR ENDED 31ST MARCH, UNDED 31ST MARCH, 1937. 1936. EXPENDITURE. , - Net. Gross. Credits. Net. . I _ £ s. d. New Zealand Loans Act, 1932— £ s. d. £ s. d. £ s. d. Section 14— Securities converted — Debentures .. .. .. .. .. . . .. 1,349, 48ā 0 0 8,883,985 0 0 Stock .. .. .. .. .. .. .. .. 15,414,443 7 4 Death Duty Stock .. .. .. . . .. .. .. 30,630 0 0 Treasury Bills .. .. .. .. .. .. .. 230,000 0 0 8,883,985 0 0 17,024,558 7 4 Loans renewed at maturity— Debentures .. .. .. .. .. .. .. 49,500 0 0 111,700 0 0 Stock .. .. .. .. .. .. .. .. 234,480 0 0 Death Duty Stock matured under Section 40 (3) .. .. .. 4,025 0 0 Section 15— 288,005 0 0 Securities converted — 34,500 0 0 Debentures .. .. .. .. .. .. .. 132,921 12 4 3,336,365 0 0 Stock .. .. .. .. .. .. .. .. 33,000 0 0 340,560 12 11 Premiums on conversion .. .. .. .. .. .. 9,539 10 1 3,711,425 12 11 175,461 2 5 Section 40 (6) — 64,650 0 0 Death Duty Stock replaced by Ordinary Stock .. .. .. .. 29,070 0 0 Section 57 — 859,250 0 0 Debentures exchanged for Stock .. .. .. .. .. | 169,905 0 0 33,560 0 0 Death Duty Stock exchanged for Ordinary Stock .. .. .. j 43,270 0 0 | 892,810 0 0 ! 213,175 0 0 — Section 58— | Securities redeemed at maturity— 8,500 0 0 Debentures .. .. .. .. .. .. .. I 39,500 0 0 27,590 0 0 Stock .. .. .. .. .. .. .. .. 376,000 0 0 Securities redeemed before maturity— 357,685 0 0 Stock .. .. .. .. .. .. .. 1,229,430 0 0 393,775 0 0 1,644,930 0 0 N ew Zealand Debt Conversion Act, 1932-33— — Section 12— 15 0 0 Premiums on conversion Securities converted 1,900 0 0 Debentures .. .. .. .. .. ... .. 200 0 0 1,915 0 0 Section 16— 7,335 0 0 Tax-free Stock replaced by Ordinary Stock .. .. .. .. 2,93500 3,135 0 0 War Credits applied in redemption of Loans in terms of the * Finance Act, 1925, Section 13 (1), — Securities redeemed before maturity— Stock .. .. .. .. .. .. .. .. 31,205 14 7 Securities redeemed at maturity — Stock .. .. .. .. .. .. .. .. 4,100 0 0 35,305 14 7 Reparation-moneys applied in redemption of Loans in terms of the Public Revenues Act, 1926, Section 135 (3), — Securities redeemed at maturity— 100 0 0 Debentures 3,230 0 0 Stock Securities redeemed before maturity— Stock .. .. .. .. .. .. .. .. 8,400 0 0 3,330 0 0 New Zealand Loans Act, 1932, Section 61, — Charges and Expenses of raising Loans — 836,015 0 0 | Issues in Renewal and Conversion .. .. .. .. .. 136,552 5 5 Finance Act, 1932, Section 55 — j Exchange on Remittances beyond New Zealand .. .. .. 491,600 19 10 628,153 5 3 : Balances at end of Year, — — —-— 262,037 15 0 j Cash* .. .. .. .. .. .. .. .. 74,519 5 9 • Investment Account — 322,545 0 0 | Securities held £15,491,523 7 11 j Totals .. .. .. .. .. . . I£20,124,712 15 4 * This includes Public Account Cash Balance Investments which it is not possible to allocate to the individual accounts.