B—l [Pt. I]

TRANSACTIONS IN CONNECTION WITH THE PUBLIC DEBT IN THE YEAR ENDED 31st MARCH, 1946

Details of above External debt—■ 1. London— Increases— £ s. d. New issues: Memorandum of Security .. .. .. .. 3,537,500 0 0 Decreases — Redemptions from— £ s. d. Loans Redemption Account . . .. 637 16 0 War Expenses Account .. .. .. 22,500,000 0 0 New issues in New Zealand .. .. 29,239,486 12 1 51,740,124 8 1 Decrease .. .. .. .. .. .. £48,202,624 8 1 Internal debt—2. Long-term debt — Increases— New issues for purchase of— £ s. d. £ s. d. Bank of New Zealand shares .. .. 7,038,880 0 0 New issues for capital works— National Development Loans Account .. 12,980,000 0 0 New issues: War Expenses Account .. .. 25,645,384 5 0 New issues for redemptions in London .. .. 29,239,486 12 1 74,903,750 17 1 Decreases — Redemptions from — Public Debt Repayment Account .. .. 1,083,350 0 0 Loans Redemption Account .. .. 7,344,598 10 11 War Expenses Account .. .. .. 5,000,000 0 0 13,427,948 10 11 Increase .. .. .. .. .. .. £61,475,802 6 2 3. Floating debt— Increases — £ s. d. £ s. d. New issues: War Expenses Account .. .. 8,000,000 0 0 8,000,000 0 0 Increase .. .. .. .. .. .. £8,000,000 0 0

78

Outstanding 31st March, 1945 (New Zealand Currency). Outstanding 31st March, 1946 (New Zealand Currency). + Increase. — Decrease. External debt— London Australia Internal debt— Long-term debt Floating debt £ s. d. 199,102,978 14 0 861,300 0 0 356,274,133 0 8 47,000,000 0 0 [ £ s. d. 150,900,354 5 11 861,300 0 0 417,749,935 6 10 55,000,000 0 0 £ s. d. -48,202,624 8 1 +61,475,802 6 2 + 8,000,000 0 0 603,238,411 14 8 624,511,589 12 9 +21,273,177 18 1