DOMINION FINANCE

Grey River Argus, 13 June 1933, Page 5

DOMINION FINANCE

SURPLUS SHOWN Economies Contribute (Per Press Association). WELLINGTON. June 12. The audited accounts for the financial year show an approximate surplu:of £40,000. Mr Coates says that this was made possible' partly by revonue buoyancy, totalling £938,00(1 and partly by econo mil's lotailing £ 1 12,000. Respecting the banks indemnity, under the Exchange Act. treasury bilD

amounting to £2,55.”»,(100 were issued during the year against which redemp lions totalled £478,000, leaving £2,380.000 outstanding at the close of the year Of this, £1,010,000 ha I been utilised for the purpose of exchange from the banks under the provisions of the Act. Of this sum, tin- iffajor portion wa« retained in London, but £380.000 was transferred to the pub lie account before Alarch 3, and form cd part of the floating cask and in vestment balances, with the Consoli dated Fund.