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Public Debt Repayment Account. Receipts. Balance at beginning of year — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. 913,257 13 I Repayment of the Public Debt Act, 1925, section 11— Transfers from the Consolidated FundSubsection (a), being one-half of 1 per cent, of the amount of the public debt outstanding at 31st March, 1941 .. .. .. .. 1,372,882 3 2 Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1941 .. .. .. .. 107,451 11 2 Subsection (b), being 3£ per cent, of the amount of the public debt redeemed to 31st March, 1941 .. .. .. .. 752,160 18 2 Subsection (b), being 3J per cent, of the amount of the public debt cancelled during the year, computed from the dates of redemption 22,613 17 0 • 2,255,108 9 6 £3,168,366 2 7 Payments. Securities redeemed and cancelled in terms of section 13 of the Eepayment of the Public Debt Act, 1925 — New Zealand Loans Act, 1932— Debentures— Ordinary Revenue Account — £ s. d. £ s. d. Miscellaneous- .. .. .. .. . . .. 500 0 0 War Expenses .. .. .. .. .. .. 22,900 0 0 General Purposes Account .. .. .. .. .. 10,150 0 0 Land for Settlements Account .. .. .. .. .. 15,000 0 0 48,550 0 0 Stock— Ordinary Revenue Account— War Expenses .. .. .. .. .. .. 982,785 0 0 General Purposes Account .. .. .. .. .. 56,625 0 0 1,039,410 0 0 Treasury Bills — General Purposes Account .. .. .. .. .. .. .. 1,760,437 0 0 2,848,397 0 0 Balance at end of year— Cash in the Public Account.. .. .. .. 319,969 2 7 £3,168,366 2 7

Statement of Securities redeemed and cancelled in Terms of Section 13 of the Repayment of the Public Debt Act, 1925, during the Financial Year 1941-42.

D. Wilson, Chairman, Public Debt Commission.

Approximate Cost' of Paper.—Preparation, not given ; printing, (447 copies), £2 15s.

Bv Authority: E. V. Paul, Government Printer, Wellington.—l 942.

Price 3d.J

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Capital Account. Matured Nominal Value. Cash utilized. 1 JiedtmptLn. ' ; Ordinary Revenue Account— £ s. d. £ s. d. Miscellaneous .. .. Debentures 4J 1/7/41 500 0 0 500 0 0 1/7/41 War Expenses .. .. „ 3 15/7/41 22,900 0 0 22,900 0 0 15/7/41 .. Stock .. 3 15/7/41 208,725 0 0 206,725 0 0 15/7/41 3§ 15/11/41 86,360 0 0 86,360 0 0 15/8/41 4 15/3/43 689,700 0 0 689,700 0 0 15/9/41 General Purposes Account .. Debentures 4J 1/7/41 1,800 0 0 1,800 0 0 1/7/41 „ „ 3| 15/11/41 8,350 0 0 8,350 0 0 15/8/41 .. Stock .. 3| 15/11/41 19,625 0 0 19,625 0 0 15/8/4T „ ..4 1/3/42 37,000 0 0 37,000 0 0 1/3/42 .. Treasury Bills 10/9/42 1,760,437 0 0 1,760,437 0 0 26/3/42 Land for Settlements Account .. Debentures 4J 1/7/41 8,000 0 0 8,000 0 0 1/7/41 4 1/8/41 7,000 0 0 7,000 0 0 1/8/41 Totals .. .. .. .. .. 2,848,397 0 0 2,848,397 0 0