B—7 [Pt. I]

YEAR ENDING 31 MARCH, 1948

PERMANENT APPROPRIATIONS— continued

11

DEBT SERVICES 1947-48. 1946-47. Estimated. Expended. Interest— Interest in New Zealand currency on loans domiciled in London .. .. . • Interest on loans domiciled in Australia Interest on loans domiciled in New Zealand Interest on floating debt £ 6,264,396 46,960 12,478,089 550,000 £ 6,270,563 46,960 12,241,193 550,000 £ 4,661,356 46,960 12,317,629 532,931 Total interest as shown in detail in B-l [Pt. I] 19,339,445 19,108,716 Less Interest suspended in terms of agreement with Imperial Government 1,609,152 1,609,152 Interest on anticipated new issues 17,730,293 408,700 17,499,564 563,400 Less interest on anticipated redemptions during 1947-48 18,138,993 138,700 18,062,964 134,800 Total interest payable Debt Repayment— Repayment of the Public Debt Act, 1925 18,000,293 4,366,822 17,928,164 4,048,499 17,558,876 4,048,499 Public Revenues Act, 1926 (Section 135 (4) ) — Amount transferred to Loans Redemption Account for redemption of Securities 200,000 200,000 700,000 New Zealand Loans Act, 1932 ( Sectioyi 62) — Stamp duty on transfers of New Zealand Consolidated Stock 10,000 10,000 5,749 New Zealand Loans Act, 1932 (Section 61) — Charges and expenses of raising, paying off, or renewing securities to be charged to or paid out of Ordinary Revenue Account of Consolidated Fund 130,000 140,000 130,810 New Zealand Loans Act, 1932 — Charges and expenses of management of New Zealand Government Securities 75,000 75,000 71,435 TOTAL—DEBT SERVICES 22,782,115 22,401,663 22,515,369