B.—l [Pt. Ill]

PUBLIC ACCOUNTS, 1 943-1 944

TABLE III.—TRANSACTIONS IN CONNECTION WITH THE PUBLIC DEBT IN THE YEAR ENDED 31st MARCH, 1944

* £;J9,508,574 9s. lid. represents t-he exchange, which lias been added to the London debt at Ist April, J913, in order to show the London debt In Treasury books in New Zealand currency. External debt— Details op above 1. London— Increases— £ s. d. Exchange on London debt as at 31st March, 1943 .. .. .. .. .. .. 39,568,574 911 New issues for War Expenses Account .. .. .. .. .. .. 11,732 500 0 0 51,301,074 9 11 Decreases — Redemptions from— £ s , d. Public Debt Repayment Account .. .. .. ~ .. 2,313,875 0 0 Loans Redemption Account .. .. .. ~ 5,000,588 0 10 Renewals and conversions to internal long-term debt .. • .. .. 558,125 0 0 Renewals and conversions to internal floating debt .. .. .. 2,818,000 0 0 10,690,588 0 10 Increase .. .. .. .. .. .. .. £40,610,486 9 1 2. AustraliaNo change. Internal debt— 3. Long-term debt— Increases: — New issues for capital works— £ s. d. - National Development Loans Account .. .. .. 4,000,000 0 0 New issues • War Expenses Account .. .. .. .. .. 56,022,312 8 10 Issues in renewal and conversion of floating debt .. .. .. 3,157,000 0 0 Issues in renewal and conversion of external debt (London) .. .. 558,125 0 0 63,737,437 8 10 Decreases—■ Redemption from— Public Debt Repayment Account, .. .. . . .. .. 106,605 0 0 Sinking Funds— £ s. d. Electrio Supply .. .. .. .. .. 239,456 8 5 State Coal-mines .. .. .. .. .. 14,324 0 0 Samoan Loans .. .. .. .. .. 6,080 0 0 Westport Harbour .. .. .. .. .. 257,500 0 0 517,360 8 5 Loans Redemption Account .. .. .. ~ .. 716,312 16 7 1,340,278 5 0 Increase .. .. .. .. .. .. .. £62,397,159 3 10 4. Floating debt— Increases — . £ s , c j_ New issues for War Expenses Account .. .. .. .. 5,000,000 0 0 Issues in renewal and conversion of external debt (London) .. .. 2,818,000 0 0 7,818,000 0 0 Decreases— £ s , j. Redemptions from Loans Redemption Account .. .. .. 5,000,000 0 0 Renewals and conversions to long-term internal debt .. .. .. 3,157,000 0 0 8,157,000 0 0 Decrease .. .. .. .. .. .. .. £339,000 0 0

Notes—(l) For details of redemptions from Public Debt Repayment Account— see parliamentary paper 8.-2. (2) The following amounts were transferred from National Development Loans Account during 1943-44—Post Office Account, £100000 ; Electric Supply Account, £1,655,000- Housing Account £160,000 Main Highways Account, £200,000; Public Works Account, £1,400,000; State Coal Mines Account, £320,000; State Forests Account £110 000 ; and Working Railways Account £5,000, leaving a balance in the account at 31st March, 1944, of £25,000,

7

I Outstanding 31st March, Outstanding 31st March. , , 1943. (London Debt only 1944 (New Zealand _ increase. in Sterling Currency.) Currency). JJecrease. External debt— £ g. d. £ s. d. £ s. d. London .. .. .. .. 158,274,207 19 9 198,884,784 8 10 +*40,010,486 9 1 Australia .. .. .. .. 862,300 0 0 862,300 0 0 Internal debt— Long-term debt .. .. .. 248,734,773 14 8 311,131,932 18 0 + 02,397,159 3 10 Floating debt .. .. .. .. 55,954,000 0 0 55,615,000 0 0 — 339,000 0 0 463,825,371 14 5 566,494,017 7 4 +102,668,645 12 11