B.—l [PT. IV], SUP. to 1937.

PUBLIC DEBT REDEMPTION FUND. Income and Expenditure Account fob the Year ended 31st March, 1937. Dr. £ s. d. Or. £ s. d. Public Debt Repayment Account: Payments Interest on the Public Debt Redemption Fund— from Consolidated Fund— Public Trustee .. .. .. .. 288,978 16 4 J per cent, on public debt outstanding at 31st State Advances Office .. .. .. 102,927 5 7 March, 1936 .. .. .. .. 1,054,311 17 1 Discharged Soldiers Settlement Account .. 240,000 0 0 i per cent, on public debt redeemed to 31st March, 1936 .. .. .. .. 66,361 4 10 Total income .. .. .. 631,906 1 II 3J per cent, on public debt redeemed to 31st Excess of expenditure over income .. .. 992,601 14 4 March, 1936 .. .. .. .. 464,528 14 0 3J, per cent, on public debt cancelled during the year .. .. .. .. 39,306 0 4 £1,624,507 16 3 £1,624,507 16 3 Balance-sheet as at 31st March, 1937. Liabilities. Assets. £ s. d. Investments— £ s. d. Public Debt Redemption Fund .. .. 17,225,644 10 6 Public Trust Office .. .. .. 7,966,688 11 2 Treasury Adjustment Account .. .. 2,288,117 19 8 State Advances Office(a) .. .. .. 3,258,955 19 4 Discharged Soldiers Settlement Account(ft) .. 6,000,000 0 0 Interest accrued — Public Trust Office .. .. .. 2,682 9 6 State Advances Office .. .. .. 16,753 0 6 Discharged Soldiers Settlement Account .. 19,726 0 7 Interest due and unpaid— State Advances Office .. .. .. 14,955 83 Discharged Soldiers Settlement Account .. 1,155,884 18 7 Cash in State Advances Account .. .. 85,514 7 11 Excess of expenditure over income .. .. 992,601 14 4 £19,513,762 10 2 £19,513,762 10 2 (a) These assets are now represented by stock and contingent Lability of the State Advances Corporation : (b) some substantial reduction in the total value of assets is likely to result upon realization. B. C. Ashwin, M.Com., A.R.A.N.Z., Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the Departmental notes enfaced thereon. —J. H. Fowler, Controller and Auditor-General.

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