B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946

31

ZEALAND SHARES ACCOUNT EXPENDITURE Finance Act, 1926, section 8 (3) — Dividends paid to Ordinary Revenue Account in terms of the Bank of New Zealand Act, 1926, section 13 £ s. d. £ 99,804 s. 13 d. 8 Balances at end of year— Cash Investments—• Shares held as at 1st April, 1945— Nominal Value. Cost Price. Preference — £ £ s. d. " A" shares at £1 each .. .. 500,000 " B" shares at £1 each .. .. 1,375,000 " C " long - term mortgage shares at £1 each 234,375 13 13 4 2,109,375 1,859,375 0 0 Shares acquired in terms of Bank of New Zealand Act, 1945— Ordinary shares at £1 each .. .. 2,536,868 " D " long-term mortgage shares at £1 each 348,507 2,885,375 — —- 7,038,866 6 8 8,898,241 6 Q o 8,898,255 0 0 Totals £8,998,059 13 8 DAMAGE FUND Annual appropriation— Vote, " Earthquake and War Damage " .. £ s. d. £ 11,907 s. 11 d. 4 Earthquake and War Damage Act, 1944— Insurance expenditure under section 16 507 3 8 Balances at end of year — Cash Investments 71,340 4,690,000 8 0 9 0 4,761,340 8 9 Totals £4,773,755 3 9