B—l [PT. I]

ACCOUNTS for the Year ended 31st March, 1948—continued

41

ACCOUNT —continued EXPENDITURE £ s. d. £ s. d. Brought forward j 13,335,903 0 2 36,543,958 0 0 New Zealand Loans Amendment Act, 1947 —continued Section 12 (c) —continued Redemption of loans in terms of section 58 of New New Zealand Loans Act, 1932—continued Securities redeemed at maturity— Interest-free stock— To mature— Various .. .. .. .. 5,985 0 0 Section 19— i 34-1 888 0 2 I0j0xl 5 000 \) <4 Redemption of securities determined by the Public Debt • Commission— Stock — To mature— 15th February, 1949-50 594,350 0 0 15th June, 1952—55 372,650 0 0 15th January, 1953-57 3,015,850 0 0 15th February, 1955-58 776,300 0 0 15th April, 1960-63 3,388,837 16 2 15th July, 1961-63 1,600,000 0 0 15th July, 1962-64 1,540,000 0 0 Balances at end of year— 11,287,987 16 2 Cash 213,836 19 5 Investments 4,000,000 0 0 4,213,836 19 5 Total £65,387,670 15 9 ACCOUNT in terms of section 3 of the Finance Act (No. 2), 1947.] LOANS ACCOUNT National Development Loans Act, 1941— Transfers to — £ s. d. £ s. d. Electric Supply Account 5,500,000 0 0 Land for Settlements Account 1,700,000 0 0 Public Works Account 11,400,000 0 0 State Coal-mines Account 1,560,000 0 0 State Forests Account 1,050,000 0 0 Working Railways Account 1,650,000 0 0 Iron and Steel Industry Account 173,000 0 0 nnn o o •» \JOO 9 uUv U u Finance Act, 1946, section 3— Purchase of shares in British Commonwealth Pacific Airlines, Ltd. 297,000 0 0 Finance Act (No. 2), 1946, section 3— Purchase of shares in the British Petroleum Company of New Zealand, Ltd. 255,000 0 0 New Zealand National Airways Act, 1945, section 25— Transfer to New Zealand National Airways Corporation 240,000 0 0 New Zealand Loans Amendment Act, 1947, section 11 (c) — Transfer to Loans Redemption Account for redemption ' i of securities .. .. .. .. •• 2,121,940 0 0 Total .. . . .. .. .. .. £25,946,940 0 0