8.—2

Public Debt Repayment Account. Receipts. Balance at beginning of year— £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. 5,757 4 2 Repayment of the Public Debt Act, 1925, section 11— Transfers from the Consolidated Fund — Subsection (a), being one-half of 1 per cent, of the amount of the public debt outstanding at 31st March, 1938 .. .. .. 1,084,282 7 8 Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1938 .. .. .. .. 83,386 4 10 Subsection (b), being 3J per cent, of the amount of the public debt redeemed to 31st March, 1938 .. .. .. .. 583,703 13 9 Subsection (6), being 3J per cent, of the amount of the public debt cancelled during the year, computed from the dates of redemption 2,750 18 5 1,754,123 4 8 £1,759,880 8 10 Payments. Securities redeemed and cancelled in terms of section 13 of the Repayment of the Public Debt Act, 1925 — New Zealand Loans Act, 1932 — Stock — Ordinary Revenue Account — £ s. d. War Expenses .. .. .. .. .. .. .. .. 1,756,617 11 7 Balance at end of year— Cash in the Public Account .. .. .. .. .. .. .. .. 3,262 17 3 £1,759,880 8 10

Statement of Securities redeemed and cancelled in Terms of Section 13 of the Repayment of the Public Debt Act, 1925, during the Financial Year 1938-39.

Yyvw^ Chairman, Public Debt Commission.

Approximate Cost of Paper. —Preparation, not given ; printing (490 copies), SI 17s. 6d.

Authority : E. V. Paul, Government Printer, Wellington. —1939.

Price 3d.}

2

Capital Account. pe X t . Matoity. Nominal Value. Cash utilized. | Ec^mpln. Ordinary Revenue Account— War Expenses .. .. Stock .. 3 15/11/38 2,810 0 0 2,810 0 0 15/11/38 .. 4i 15/11/38 16,520 0 0 16,520 0 0 15/11/38 .. „ ..3 15/3/59 1,507,287 11 7 1,507,287 11 7 16/3/39 „ ..3 15/7/59 230,000 0 0 230,000 0 0 16/3/39 Totals .. .. .. .. .. 1,756,617 11 7 1,756,617 11 7