B.—i [Ft. Ij.

PUBLIC ACCOUNTS, 193 8-1 93 9

LOANS REDEMPTION ACCOUNT.

17

Year Year ended 31st March, knded 31st March, 1939. 1938. EXPENDITURE. | r Net - Gross. Credits. Net. £ s - d. £ s. d. £ s. d. £ s. d. 10,382,789 17 7 Securities renewed or converted .. .. .. ,, 19,007 799 0 0 185 0 0 Premiums on conversion 39,655 0 0 Death Duty Stock exchanged or replaced by Ordinary Stock .. .. 12 155 0 0 | 113,665 0 0 Debentures exchanged for Stock .. .. .. .. .. ,, ! 2 931 665 0 0 | Tax-free Stock replaced .. .. .. .. ,, 17,326,725 0 0 420 0 0 Stock exchanged for Debentures 7,409,203 17 5 Securities redeemed at or before maturity .. .. .. .. .. 1,027,888 6 8 2,255 0 0 War Credits applied in redemption of Loans 400 0 0 Reparation-moneys applied in redemption of Loans .. .. .. .. 5 025 0 0 Balances at end of Year, — 759,623 17 8 Cash* .. .. .. .. .. .. .. .. 24,399 1 10 * Investment Account— 100,000 0 0 Securities held | £18,808,197 12 8 Totals .. .. .. .. .. .. £40,335,656 8 6 ♦ This includes Public Account Cash Balance Investments which it is not possible tc allocate to the individual accounts,