8.—7 [PT. I]

DETAILS OF ESTIMATES FOR THE

PERMANENT APPROPRIATIONS DEBT SERVICES—INTEREST New Zealand Loans Act, 1932

PERMANENT APPROPRIATIONS DEBT SERVICES—REDEMPTION OF DEBT

8

Interest on Debt Interest chargeas at 31st March, to the Coni solidated Fund, 1944-45. £ £ Interest in New Zealand currency on loans domiciled in London .. .. .. .. .. 6 630 329 Interest on loans domiciled in Australia and New Zealand .. *. .. " . . 9' 514' 609 Interest on floating debt .. .. .. .. .. [ \ ' " '809'225 — 16,974,163 Interest suspended in terms of agreement with Imperial Government .. .. .. .. 1'(SOIL 152 Total interest as shown in detail in B.-l [Pt. Ill] .. .. .. .. 18 583 315~ Interest on anticipated new issues .. .. .. .. .. .. 17 878 375 Less interest on anticipated redemptions during 1944-45 . . . . .. . , '3^6'226 »Recoveries previously shown as a credit in reduction are uow treated as revenue and will appear in the published accounta m 1 rpt Til under the heading "Interest." The figure for total interest payable is comparable with the gross figu?e L shown previous years. ' [ ]>

1944-45. 1943-44. A utborizing Act. Estimated. Estimated. Expended. Sinking Funds— f Finance Act, 1928 (Section 13)— i Westport Harbour Act, 1920 10 859 10 8gg Debt Repayment— Repayment of the Public Debt Act, 1925 3,677, 896 3,000,000 3,053,514 Public Revenues Act, 1926 (Section 135 (4))— Amount transferred to Loans Redemption Account for redemption of Securities .. 10,000 10,000 159 040 T0TALS 3,687,896 3,020,859 3,223^il3~