THE PUBLIC DEBT OF NEW ZEALAND. TABLE I.-STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1942.

B.—l [Pt. lIIJ.

PUBLIC ACCOUNTS, 19 4 1-19 42.

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Annual Charge. Domicile of Principal. Nominal ; : • ? " r j j Amount Due Date. Remarks. outstanding. o* When payable. New Zealand. London. j Australia. tfflj " j 9 - j — - — I ' New Zealand Loans Act, 1932: — £ s. d. % £ £ s. d. £ s. d. £ Debentures and Stock .. .. 35,880 0 0 Various .. I .. .. 35,880 0 0 .. .. Unpresented. 600 0 0 1 Sept.,1937 5£ 33 1 Mar. and 1 Sept. 600 0 0 .. • • 1 2,000 0 0 15 Nov., 1938 i 90 15 May „ 15 Nov. 2,000 0 0 .. .. I Subject to conversion under New 200 0 0 20 April, 1939 9 20 April „ 20 Oct. 200 0 0 .. .. f Zealand Debt Conversion Act. 5 0 0 15 Dec., 1940 4f .. 15 June „ 15 Dec. 5 0 0 .. J J 1 Feb., 1943 .. .. • • .. .. .. Option to repay £10,884,628 maturing 1st February, 1963. 15 Feb., 1943 ■ .. .. • • .. .. j Option to repay £9,840,855 maturing 15th February, 1946. 7,339,656 4 9 1 Mar., 1944 j 4£ 330,284 1 Mar., and 1 Sept. .. 7,339,65 6 4 9 8,944,300 0 0 1 Jan., 1940-5* ! 313,050 1 Jan. „ 1 July .. 8,944,300 0 0 .. !*The stock will be redeemed by purchases at or under par exclusive of accrued interest or by halfyearly drawings at par, in sums of £100, commencing 1st July, 1940. The New Zealand Government have undertaken to repay by instalments as set out below the whole of this issue by 1st January, 1945 : In the year ending 31st December, 1940, £2,000,000 ; 1941, £3,500,000 ; 1942, £3,500, 000; 1943, £3,500, 000; 1944, £3,500,000. These instalments will be made available by I | two equal payments in each year i on or before the 30th June and the 31st December respectively, commencing 30th June, 1940. During the periods 5th to 20th June and 5th to 20th December in each year commencing in 1940, holders of stock, including holders of stock drawn in accordance with the above provisions, will have the option of converting such ; i | stock in sums of £100 as to onehalf into New Zealand Govern- | ment per cent, stock, 1949- ! 1954. and as to-one-half into New I Zealand Government per cent, j stock, 1955-1960, at rates to be ! i published from time to time. 199,500 0 0 15 Feb., 1945 5 9,975 15 Feb., „ 15 Aug. .. 199,500 0 0 7,580,907 11 10 1 Mar., 1945 4£ 341,141 1 Mar. „ 1 Sept. .. 7,580,907 11 10 262,270 0 0 15 Mar., 1945 4 10,491 15 Mar. „ 15 Sept. 262,270 0 0 .. 9,659,980 1 1 1 April, 1945 3 289,799 1 April „ 1 Oct. 2,500 0 0 9,657,480 1 1.. 387,247 11 1 30 June, 1945 3 11,617 30 June „ 31 Dec. 387,247 11 1 2,144,920 0 0 15 July, 1945 3 64,347 15 Jan. „ 15 July 2,144,920 '0 0 Carried forward .. 36,557,466 8 9 .. .. 1,370,836 .. 2,835,622 11 1 33,721,843 17 8 I