B—l [Pt. ll]

Repayment of Public Debt The following table gives particulars of the amount of securities redeemed under the provisions of the Repayment of the Public Debt Act, 1925, and the total cost of redemption:—•

The opening balance of the Public Debt Repayment Account was £520,670 lis. 6d., and during the year £3,914,183 19s. 2d. was transferred from Consolidated Fund to that account. Securities of a nominal value of £1,083,350, as shown above, were redeemed, leaving a balance at 31st March of £3,351,504 10s. Bd. The major portion of this balance was utilized to redeem 4-per-cent. 15th April, 1946-49, securities repayable on the 15th April, 1946.

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Nominal Value of Securities redeemed. Rate of Interest, Total cost of Per Cent. Total to Year 1945--46. Total to Redemptions. 31st March, 1945. 31st March, 1946. £ s. d. £ S. d. £ s. d. £ s. d. Free of interest .. 780 0 0 780 0 0 780 0 0 1J 459,417 10 0 459,417 10 0 459,417 10 0 11 1,760.437 0 0 1,760,437 0 0 1,760,437 0 0 2i 158,410 0 0 37,300 0 0 195,710 0 0 195,710 0 0 2| 199,200 0 0 199,200 0 0 199,200 0 0 3 4,413,938 14 8 1,029,530 0 0 5,443,468 14 8 5,443,468 14 8 H 592,830 0 0 3,655 0 0 596,485 0 0 596,485 0 0 3i 7,067,676 8 8 7,067,676 8 8 7,067,676 8 8 3f 288,111 7 4 288,111 7 4 288,111 7 4 4 5,674,837 0 6 12,865 0 0 5,687,702 0 6 5,676,014 9 7 4i 2,104,760 0 0 2,104,760 0 0 2,089,382 5 0 5 5,423,735 0 0 5,423,735 0 . 0 5,423,181 5 0 5i 1,530,990 0 0 1,530,990 0 0 1,530,972 10 0 6* 1,033,310 0 0 1,033,310 0 0 1,030,894 12 2 6 2,633,588 9 9 2,633,588 9 9 2,612,292 8 8 33,342,021 10 11 1,083,350 0 0 34,425,371 10 11 34,374,023 11 I