B.—l [Pt. ll]

PUBLIC ACCOUNTS, 19 3 8-1 93 9

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT-continued.

53

£ s. d. £ s. d. Brought forward .. .. .. .. ,. 22,979,507 6 8 New Zealand Debt Conversion Aot, 1932-33— continued. Section 16, — Tax-free Stock replaced by Ordinary Stock— Ordinary Revenue Account—War Expenses— To mature 15th March, 1943 .. .. .. .. 7,881,535 0 0 To mature 15th May, 1952 .. .. .. .. .. 0 0 17,169,025 0 0 Tax-free Death Duty Stock replaced by Death Duty StockOrdinary Revenue Account—War Expenses— To mature 15th March, 1943 .. .. .. .. 35,370 0 0 To mature 15th May, 1952 .. .. .. .. 0 0 157,700 0 0 Keparation-moneys applied in redemption of Loans in terms op the Public Revenues Act, 1926, Section 135 (3), — Securities redeemed at maturity— Death Duty Stock matured under section 40 (3), New Zealand Loans Act, 1932— Ordinary Revenue Account—War Expenses— To mature 15th May, 1952 .. .. .. .. .. .. 5,025 0 0 Total •■ •• •• •• .. .. £40,311,257 6 8