B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947

2—B 1 [Pt. I]

33

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. £ s. 393,745 1 d. 5 Transfer to Loans Redemption Account for redemption of securities 107 9 t r 6 Balance at end of year— Investments — Shares held as at 1st April, 1946 Shares acquired during the year in terms of Bank of New Zealand Act, 1945 1 8,898,241 3,070,891 6 3 8 10 | 11,969,132 10 A o Totals £12,362,985 1 5 DAMAGE FUND Annual Appropriation — Vote, " Earthquake and War Damage " £ s. d. £ s. 14,097 11 d. 4 Earthquake and War Damage Act, 1944 — Insurance expenditure under section 16 1,775 15 3 Balances at end of year— Cash Investments Imprests outstanding 30,708 12 6 5,207,500 0 0 3 8 11 5,238,212 1 5 Totals £5,254,085 8 0