B—l [Pt. I]

PUBLIC ACCOUNTS, 1947-1948

STATEMENT OF CORPORATION INVESTMENTS HELD AS AT 31st MARCH, 1948, AND SUBMITTED AS REQUIRED BY FINANCE ACT, 1947, SECTION 3

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Bank of New Zealand— Nominal Value. Finance Act, 1926, section 8— £ s. d. £ s. d. Shares acquired 2,109,375 0 0 1,859,375 0 0 Bank of New Zealand Act, 1945— Shares acquired 4,210,817 0 0 10,145,340 14 3 6,320,192 0 0 12,004,715 14 3 British Commonwealth Pacific Airlines, Ltd. — Finance Act, 1946, section 3— Shares acquired : 300 £1,000 shares 300,000 0 0 British Petroleum Co. of New Zealand, Ltd.— Finance Act (No. 2), 1946, section 3 — Shares acquired : 1,275,000 £1 shares paid up to 5s. | 318,750 0 0 British Phosphate Commission— Finance Act, 1920, section 15— Capital advanced 483,899 15 3 Linen Flax Corporation— Linen Flax Corporation Act, 1945, section 13— Capital advanced | 190,000 0 0 New Zealand National Airways— New Zealand Airways Act, 1945, section 25 — Capital advanced 540,000 0 0 New Zealand Woolpack and Textiles, Ltd.— Finance Act, 1940, section 15— Shares acquired— 600,000 5s. shares paid up to Is. 30,000 0 0 600,000 5s. shares, calls in advance to 4s. # . 120,000 0 0 Reserve Bank of New Zealand— Reserve Bank of New Zealand Act, 1933, section 11 — General Reserve Fund 1,500,000 0 0 State Advances Corporation— State Advances Corporation Act, 1934-35, section 6, and State Advances Corporation Act, 1936, section 6 — Capital advanced 1,000,000 0 0 State Advances Corporation Act, 1934-35, section 33 (2) — State's contribution to General Reserve Fund . # 2,753,164 1 11 State Advances Corporation Act, 1934-35, section 38 — Stock issued in exchange for securities transferred to the Corporation 34,044,850 0 0 Tasman Empire Airways, Ltd. — Finance Act (No. 2), 1939, section 2— Shares acquired : 117,002 £1 shares .. 117,002 0 0 Westport Coal Co., Ltd. — Statutes Amendment Act, 1945, section 9— Shares acquired 890,204 0 0 Kamo Collieries, Ltd.— Statutes Amendment Act, 1945, section 9 — Shares acquired •• 104,000 0 0 Total £54,396,585 11 5