B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

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BANK OF NEW RECEIPTS Balance at beginning of year — Investments £ s. d. £ s. d. 1,859,375 0 0 Bank of New Zealand Act, 1945, section 8— Stock issued 7,038,880 0 0 Finance Act, 1926, section 8 (3) — Dividends received in terms of Bank of New Zealand Act, 1926, section 13 99,804 13 & Totals £8,998,059 13 S EARTHQUAKE AND WAR Balances at beginning of year- — Cash Investments £ s. d. 48,070 15 10 4,270,000 0 0 £ s. d„ 4,318,070 15 10Premiums 356,933 19 I Interest on investments 98,750 8 10 Totals .. .. £4,773,755 3 9