B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

42

NATIONAL DEVELOPMENT RECEIPTS New Zealand Loans Act, 1932 — National Development Loans Act, 1941, section 3 — Stock issued Totals £ s. d. £ s. d. 15,600,000 0 0 £15,600,000 0 0 PUBLIC DEBT Balance at beginning of year — Cash Repayment of the Public Debt Act, 1925, section 11— Transfers from the Consolidated Fund in respect of the public debt within the meaning of the Act — Subsection (a), being one-half of 1 per cent, of the amount of the public debt outstanding at 31st March, 1946 .. Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1946 Subsection (b), being 3£ per cent, of the amount of the public debt redeemed to 31st March, 1946 Totals £ s. d. 2,671,484 0 4 172,126 17 2 1,204,888 0 1 £ s. d. 3,351,504 10 8 4,048,498 17 7 £7,400,003 8 3