FINANCIAL STATEMENT (In Committee of Supply 6th August, 1913) BY THE MINISTER OF FINANCE, THE HON. JAMES ALLEN.

Appendix to the Journals of the House of Representatives, 1913 Session I, B-06

8.—6.

: CONTENTS. ■ PAGE Introduction .. .. .. . v .. . , . . , .. i Revenue ... . . .. .. .. ... .. . , , , i Expenditure .. .. .. .. .. .. .. , . ~ ii Increases in Expenditure .. .. .. ~ .. . , , . iii Result of the Year's Operations .. .. .. . . .. .. , iii Treasury Bills .. .. .. .. .. ~ .. ~ . iv Consolidated Fund .. .. .. .. . . . . . . . . . iv Public Works Fund .. .. .. .. .. .. . , .. . . iv Aid to Water-power Works Account .. .. .. ~ ~ , . v Irrigation and Water-supply Account . . . , .. .. . . . , v State Forests Account .. .. .. . , .. . . . . . . v State Coal-mines Account .. .. .. . . ~, . , , . , . v Scenery Preservation Account .. .. '. . .. .. .. . . v Naval Defence Act Account .. .. .. .. . . . . .. . . v Wellington-Hutt Railway and Road Improvement Account . . . . . . . . vi Railways Improvement Account .. .. . . . . ~ . . , vi Waihou and Ohinemuri Rivers Improvement Account .. . . . . . ... . vi Native Land Settlement Account .. .. . . . . . , . . vi Maori Land Settlement Account .. .. . . , , . . . . . vi Land for Settlements Account .. .. .. . , .. . . ~ vii Loans to Local Bodies Account .. .. .. .. .. , . .. vii Opening up Crown Lands for Settlement Account . . . . . , . . '. vii Hauraki Plains Settlement Account .. .. .. .. ~ ~ . vii Rangitaiki Land Drainage Account . . .. , . . , . . . , , , vii New Zealand State-guaranteed Advances Account . . . . . . , . . . vii Comparison of the General Financial Position . . . . .. .. . , . , viii Public Debt .. .. .. .. . . ~ .. .. .. i x Increase in Indebtedness .. .. . . . . , . . . . . , . x Finance .. .. .. .. .. .. .. .. .. ;. xi Comparison of last Two Loans .. .. .. . . .. .. .. xii Allocation of £3,000,000 Loan .. .. .. .. .. .. xii Loans falling due .. .. . . . . .. ... .. .. xii Charges for Inscription of Stock .. .. .. .. .. .. ... xiii Proceeds of Land Sales .. .. . . . . .. .. . . .. xiii Post Office Savings-bank . . .. .. .. . . .. , , . . xiii Comparison of Post Office Investments in Government Securities . . . . . . xiii Public Debt Extinction .. .. .. .. . . .. .. , . x iy Closing Accounts .. .. .. .. .. .. .. .. .. xiv Public Seivice Reform . . . . .. .. .. .. .. .. xiv Public Service Superannuation Fund .. .. .. .. .. .. . xiv Teachers' Superannuation Fund .. .. .. .. .. .. . w Railways Superannuation Fund ... .. .. .. .. .. . xv Legislative Council Reform .. .. . . .. .. .. .. . . xv Electoral Reform .. .. .. .. .. .. .. .. . . xv State Advances Office .. .. . . .. .. .. .. . . xv Local Bodies-' Loans Act .. .. . . . . . . .. ■ . . . . xvii Local Government Reform .. .. . . .. .. .. .. . . xvii Post and Telegraph Department .. .. .. .. .. .. . . xvii Railways .. .. .. .. .. .. .. .. .. . xvii Stamp Department .. .. .. .. .. .. .. .. . xviii Land and Income Tax .. • .. . . . . .. . . .. xviii Remarks as to Current Revenue .. . . .. .. .. . . xix Agriculture .. .. .. .. . . .... .. .. xix Agricultural Colleges and Experimental Farms . . .. .. .. xx Industrial Matters .. .. .. . . .. .. .. .. . . xx Workers' Dwellings .. .. .. . . . . .. .. .. . . xx

8.—6.

i> AGE National Provident Fund .. • • • ■ •< • • • < • ■ • ■ xx Pensions .. • ■ • ■ ■ • ■ • • • • • ■ • Shipping and Seamen Amendment Act, 1912 .. .. ■ ■ • ■ • • • - xxi Lighthouses .. • • • • • • Reciprocal Trade .. • • ■ • • • • ■ • ■ • ■ ■ ■ XXI . Customs Tariff .. . • • ■ • • • ■ • • • • • ■ • • xx " Customs Law .. •• •• •• •• •• - •• ■ xxv Mining State Coal-mines .. .. ...... • • ■ • ■ • • ■ • • xx^ Iron-ana-steel Industry ... .. ■ • • • • • • • • - • ■ x ™ State Fire Insurance Office .. .. .. • • ■ • ■ • • • xxnl Mental Hospitals .. • • • • • • • • ■ ■ .- .• ■ • ' xx "* Public Health .. .. xxm Settlement of Crown Lands .. .. .. • ■ • • • ■ ■ ■ • • xxlv Freehold National Endowment .. ■ • • • • ■ •• • • • • ■ • xxlv Settlement of Kauri-gum Lands Land for Settlement ... ■ • • • • • ■ • • ■ • ■ .. xxv Land for Settlements Finance Act Native-land Settlement Cook and other Islands Insurance of Public Buildings • X \VI Railway-construction Roads and Bridges Development of Water-power Irrigation in Central Otago .. .. • • • • ■ • • ■ • ■ . Defence Naval Policy .. • xxv " Expeditionary Force .. . . • ■ • • ■ • ■ • • • • • xxv " .... .. xxvn Aviation Battleship " New Zealand " . . ■ • • ■ • • ■ ■ xxvu ~. ~ .... xxviii Education Staffs and Salaries .. .. ...... ■ . •• ■ xxv * u Free University Education .. ~ ■ • • • • • • •• ' XXVIU a . ,a i , ... XXVUI Special bciiools School Buildings XXYUI The Magistrates Town-planning t .. • ■ xxix Immigration Offices of the High Commissioner in London Bank of New Zealand Estimates of Revenue and Expenditure, 1913-14 Transfers from Consolidated Fund Finance for Year 1913-14 .. .. ■ • •■ xxxl Loan for Public Works

8.—6

1913 NEW ZEALAND.

FINANCIAL STATEMENT (In Committee of Supply 6th August, 1913) BY THE MINISTER OF FINANCE, THE HON. JAMES ALLEN.

Mr. Malcolm,— In submitting the annual statement showing the financial position of the Dominion as at the 31st March, 1913, for the consideration of the Committee, it is a pleasure to be able to announce that the revenue for the year exceeded the estimate by £785,618. The figures are as follows : — REVENUE. Eevenue, 1912-13 .. .. .. .. 11,734.022 Estimated revenue, 1912-13 .. .. .. 10,948,404 Excess over estimate .. .. £785,618 The following table will show the details of the estimated and actual revenue for 1912-13 :—

It is also satisfactory to note that the actual revenue for 1912-13 exceeded that for 1911-12 by £701,478. The figures are,— £ Revenue for 1912-13 . . . . . . ' . . 11,734,022 Revenue for 1911-12 . . . . . . . . 11,032,544 Excess 1912-13 over 1911-12 . . £701.478

i—B. 6.

Diffei •enoe. Receipts. Estimated Actual. More. Less Revenue Account — Customs Railways Stamps Postal and Telegraph Land-tax Income-tax Beer Duty Registration and other Fees Marine Miscellaneous Territorial Revenue National Endowment Revenue £ 3,200,000 3,745,000 898,800 1,141,000 650,000 450,000 119,000 95,165 47,000 369,530 173,495 59,414 £ 3,407,538 3,968,350 1,052,347 1,167,977 728,636 462,994 124,223 93,930 52,765 361,339 254,509 59,414 £ 207,538 223,350 .153,547 26,977 78,636 12,994 5,223 £ 1,235 5,765 8,191 81,014 Totals 795,044 9,426 9,426 10,948,404: 11,734,022 785,618

II

8.—6

The subjoined table gives details of this excess : —

EXPENDITURE. Estimated expenditure, 1912-13 .. .. 11,229,004 Expenditure, 1912-13 .. .. .. .. 11,082.038 Less than estimate. . . . . . £146,966 Details of the estimated and actual expenditure for 1912-13 are given here under : —

i 1912-13. 1911-12. Increase. Decrease. Jonsolidated Fund, — Ordinary Revenue— Customs Stamps (Stamp Department) Postal and Telegraph Land-tax Income-tax Beer Duty Railways Registration and other Fees Marine Miscellaneous Territorial Revenue National Endowment Revenue £ 3.407.538 1,052,347 1.167.977 728.636 462.994 124,223 3,968.350 93,930 52,765 361,339 254,509 59.414 £ 3.279.012 943,188 1.089.808 647.016 448.935 119,131 3.665,613 108.495 48,322 371.868 248,791 62,365 £ 128,526 109.159 78.169 81.620 14,059 5,092 302.737 £ 14,565 4.443 10,529 5,71.8 2,95] 729,523 28,045 28,045 Totals .. | 11,734,022 11,032,544 701,478

Actual. Diffei rence. Expenditure. Estimated. More. Less. Permanent Appropriations — Civil List Interest and Sinking Fund Under Special Acts Subsidies paid to Local Authorities .. Territorial Revenue Endowments Old-age Pensions Widows' Pensions £ 35,500 2,749,851 561,560 111,000 37,577 159,019 412,176 40,000 £ 33,493 2,717,013 574,441 110,528 41,317 156,248 397,037 22,108 £ 12,881 £ 2,007 32,838 472 3,740 2,771 15,139 17,892 Annual Appropriations — Legislative Departments Department of Finance Post and Telegraph Department 4,106,683 4,052,185 16,621 71,119 I 32,487 57,515 1,060,901 2,547,446 *223,350 118,707 26,389 408.547 34,792 331,909 481,462 141,854 30,065 331,467 35,517. 55,026 1,066,772 3 030 5,871 2,489 Working Railways I f 2,817,141 46,345 Public Buildings, Domains, &c. Native Department Justice Department Mines Department Department of Internal Affairs Defence Department Customs, Marine and Harbours, &c. .. Department of Labour Department of Lands and Survey Department of Agriculture, Industries, Commerce Education Department Services not provided for and 117,703 23,668 404,316 29,948 314,599 505,267 134,020 29,177 231,246 1,004 2,721 4,231 4,844 17,310 23,805 7,834 888 100,221 184,421 1,111,009 178,904 1,084,042 2,507 5,517 26,967 2,507 7,122,321 7,029,853 81,558 174,026 Totals 98,179 245,145 98,179 11,229,004 11,082,038 146,966 * Additional amount appropriated in terms of section 45 of th( Public Revenui is Act, 1910.

8.—6

III

The actual expenditure for the year exceeded that for the previous year by £741,670, the figures being, — £ Expenditure, 1912-13 . .. .. .. 11,082,038 Expenditure, 1911-12 .. .. .. .. 10,340,368 Excess for 1912-13 ' .. .. £741,670 The details of this excess are as follows : —

RESULTS OF THE YEAR'S OPERATIONS. £ Balance brought forward, Ist April, 1912 .. .. .. 807,276 Receipts during year— £ Revenue .. .. .. 11,734,022 Other receipts .. .. .. 248 £ 11,734,270 Expenditure during year — Appropriations .. .. .. .. 11,082,038 Excess of receipts over expenditure < .. .. .. 652,232 1,459,508 Transfer to Public Works Fund .. .. .. .. 750,000 Balance, 31st March, 1913 .. .. .. .. .. £709,508

Expenditure. Year 1912-13. Year 1911-12. More. Difference. Less. 'ermanent Appropriations— Civil List Interest and Sinking Fund Under Special Acts ... Subsidies paid to Local Authorities Territorial Revenue Endowments Old-age Pensions Widows' Pensions £ £ £ £ j 33,493 2,717,013 574,441 110,528 41,317 156,248 397,037 22,108 33,680 2,656,340 510,486 105,938 38,478 152,772 386,962 1,962 60,673 63,955 4,590 2,839 3,476 10,075 20,146 187 innual Appropriations— Legislative Departments Department of Finance Post and Telegraph Department Working Railways Department Public Buildings, Domains, and Maintenance of Roads Native Department Justice Department Mines Department Department of Internal Affairs Defence Department Customs, Marine, and Inspection of Machinery Departments Department of Labour Department of Lands and Survey Department of Agriculture, Industries, and Commerce Education Department lervices not provided for 4,052,185 3,886,618 165,754 187 35,517 55,026 1,066,772 2,817,141 31,628 47,449 986,527 2,451,717 3,889 7,577 80.245 365.424 117,703 23,668 404,316 29,948 314,599 505,267 88,745 20,724 379,309 24,844 437,726 401,870 28,958 2,944 25,007 5,104 123,127 103,397 134,020 29,177 231,246 118,528 25.245 234,501 15,492 3,932 3,255 178,904 1,084,042 2,507 172,957 1,012,048 19,932 5,947 71,994 17,425 7,029,853 6,453,750 719,910 143,807 Totals 885,664 143,994 143,994 11,082,038 10,340,868 741,670

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IV

TREASURY BILLS. During the year Treasury bills to the amount of £775,000 were issued and were repaid. It is satisfactory to note that on the 31st March, 1913, none were outstanding. PUBLIC WORKS FUND. The position of this fund may be shown as follows :— Balance from last year . . .. . • 82,580 Receipts— £ Loan-money .. .. •• 2,505,002 Transfer from revenue .. .. 750,000 Other receipts .. .. .. 119,969 3,374,971 3,457,551 Expenditure — Under appropriations .. .. 2,378,539 Other charges .. .. • • 1,271 Debentures redeemed .. .. 101,000 Repayment of advance obtained in anticipation of £4,500,000 loan of 1911 .. .. .. •• 350,000 2,830,810 Balance at 31st March, 1913 .. 626,741* Balance of loan-money to be received 994,774 Amount available with which to start the current year .. £1,621,515 * includes £249,776 for redemption of debentures due 15tb April, 1913. The following statement indicates the financial position of the Dominion on the 31st March, 1913, as compared with the 31st March, 1912 :— CONSOLIDATED FUND. £ Balance on 31st March, 1912 .. .. .. • • • • 807,276 Liabilities on 31st March 1912 .. .. .. • • • • 293,741 Balance on 31st March, 1913 .. .. • • • • • • 709,508 Liabilities on 31st March, 1913 .. .. .. • • • • 289,123 PUBLIC WORKS FUND. £ £ Balance on 31st March, 1912 .. .. .. • • 82,580 Loan-money, to receive .. .. .. • • 1,050,000 1,132,580 Liabilities on 31st March, 1912 .. .. ... ■• 1,135,812 Balance on 31st March, 1913 .. .. .. • • *376,965 Loan-money, to receive .. .. •. • • 994,774 1,371,739 Liabilities on 31st March, 1913 .. .. • • • • f673,933

* Does not include £249,776 for redemption of debentures, 15th April, 1913. % t Does not include £325,870, liabilities in connection with Midland Railway Contract, which were included in liabilities as at 31st March, 1912, and which were written off during the year.

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V

The Aid to Water-power Works Account. £ £ Unexhausted authority for raising loan .. . . .. 500,000 Liabilities or: 31st March, 1912 .. .. .. > .. 56,157 Balance on 31st March, 1913 .. .. ".. .. 14,991 Unexhausted authority for raising loan . . .. 450,000 464,991 Liabilities on 31st March, 1913 .. . . .. .. 132,162 The Appropriation Act, 1912 (Irrigation and Water-supply Account). £ £ Unexhausted authority for raising loan . . .. .. 100,000 Liabilities on 31st March, 1912 .. .. ... .. Nil Balance on 31st March, 1913 . . .. . . . . 311 Unexhausted authority for raising loan . . . . 85,000 85,311 Liabilities on 31st March, 1913 .. .. .. 50 STATE FORESTS ACCOUNT. £ Balance on 31st March, 1912 .. . . . . . . .. 31,587 Liabilities on 31st March, 1912 . . . . . . . . .. 601 Balance on 31st March, 1913 .. .. .. .. .. 25,943 Liabilities on 31st March, 1913 .. . . . . .. . . 390 STATE COAL-MINES ACCOUNT. £ £ Balance on 31st March, 1912 . . .. .. . . . . 23,479 Liabilities on 31st March, 1912 .. . . . . . . Nil. Balance on 31st March, 1913 . . .. .. . . 51,067 Loan-money to receive . . .. .. . . 15,596 Unexhausted authority for raising loan . . . , 25,000 91,663 Liabilities on 31st March, 1913 .. .. .. .. 10,707 SCENERY PRESERVATION ACCOUNT. £ £ Balance on 31st March, 1912 .. .. .. .. 2,164 Unexhausted authority for raising loan .. . . 55,000 C 7 i csa Liabilities on 31st March, 1912 . . .. • .. . . 102 Balance on 31st March, 1913 . . . . .. .. 332 Unexhausted authority for raising loan .. . . 40,000 40,332 Liabilities on 31st March, 1913 .. .. .. .. 76 NAVAL DEFENCE ACT ACCOUNT. £ £ Balance on 31st March, 1912* .. .. .. 304,363* Unexhausted authority for raising loan .. .. 600,000 904,363 * Includes £15,000 imprested High Commissioner to meet charges in connection with construction of cruiser. Liabilities on 31st March, 1912 . . .. .. . . Nil. Balance on 31st March, 1913* . . .. .. 62,861* Unexhausted authority for raising loan . . .. 316,500 379,361 Liabilities on 31st March, 1913 .. .. .. .. Nil. * Includes £47,000 imprested High Commissioner to make final payments in connection with H.M.S. " New Zealand."

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VI

WELLINGTON-HUTT RAILWAY AND ROAD IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1912 . . .. .. .. 2,299 Unexhausted authority for raising loan .. .. 5,320 7,619 Liabilities on 31st March, 1912 .. .. .. .. 7,600 Balance on 31st March, 1913 .. .. .. .. 2,477 Unexhausted authority for raising loan .. .. 5,320 7,797 Liabilities on 31st March, 1913 .. .. .. .. 7,777 RAILWAYS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1912 . . .. . . .. 568 Unexhausted authority for raising loan .. .. 59,250 59,818 Liabilities on 31st March, 1912 .. .. .. .. 132,486 Balance on 31st March, 1913 .. .. .. .. 94 Unexhausted authority for raising loan .. .. 105,470 105,564 Liabilities on 31st March, 1913 .. .. .. .. 103,233 WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1912 .. .. .. .. 99,671 Unexhausted authority for raising loan .. .. 50,000 149,671 Liabilities on 31st March, 1912 .. .. .. .. 9,902 Balance on 31st March, 1913 .. .. .. .. 91,091 Unexhausted authority for raising loan .. .. .. 50,000 141,091 Liabilities on 31st March, 1913 .. .. .. .. 8,050 NATIVE LAND SETTLEMENT ACCOUNT. £ £ Balance.on 31st March, 1912 .. .. .. .. 4,348 Unexhausted authority for raising loan .. .. 245,500 . 249,848 Liabilities on 31st March, 1912 .. .. .. .. 430 Balance on 31st March, 1913 .. .. .. .. 9,631 Unexhausted authority for raising loan .. .. 420,000 Liabilities on 31st March, 1913 .. .. .. .. 2,560 MAORI LAND SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1912 .. .. .. .. 3,844 Unexhausted authority for raising loan .. .. .. 450 4,294 Liabilities on 31st March, 1912 .. .. .. .. Nil. Balance on 31st March, 1913 .. .. .. .. 3,844 Unexhausted authority for raising loan .. .. .. 450 4,294 Liabilities on 31st March, 1913 .. .. .. .. Nil.

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VII

LAND FOR SETTLEMENTS ACCOUNT. £ £ Balance on 31st March, 1912 . . .. . . . . 66,040 Unexhausted authority for raising loan . . . . . . 147,085 213,125 Liabilities on 31st March, 1912 . . .". .. .. 2,977 Balance on 31st March, 1913 .. .. .. . . 47,672 Loan-money to receive . . .. .. . . 125,503* Unexhausted authority for raising loan .. .. . . 510,500 683,675 Liabilities on 31st March, 1913 .. .. . . .. 1,196 * Does not include £50,000 raised for redemption of debentures due Ist April, 1913. LOANS TO LOCAL BODIES ACCOUNT. £ Balance on 31st March, 1912 .. .. . . . . .. . . 7,257 Liabilities on 31st March, 1912 .. .. . . .. Nil. Balance on 31st March, 1913 . . .. .. . . . . . . 4,957 Liabilities on 31st March, 1913 .. . . . . .. Nil. OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1912 . . .. . . . . 20,086 Unexhausted authority for raising loan .. . . . . 38,750 58,836 Liabilities on 31st March, 1912 .. .. .. . . 9,582 Balance on 31st March, 1913 . . .. .. .. 10,405 Unexhausted authority for raising loan .. .. .. 61,730 72,135 Liabilities on 31st March, 1913 .. .. .. .. 9,396 HAURAKI PLAINS SETTLEMENT ACCOUNT. £ Balance on 31st March, 1912 .. .. ... .. .. .. 7,522 Liabilities on 31st March, 1912 .. .. .. .. .. 1,861 Balance on 31st March, 1913 .. .. .. .. .. .. 2,778 Liabilities on 31st March, 1913 .. .. .. .. 163 RANGITAIKI LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1912 ~ .. .. .. 14,180 Unexhausted authority for raising loan .. . . . . 25,000 39,180 Liabilities on 31st March, 1912 .. .. .. . . 889 Balance on 31st March, 1913 .. .. .. .. 9,599 Unexhausted authority for raising loan .. .. .. 15,000 24,599 Liabilities on 31st March, 1913 .. .. .. .. 311 NEW ZEALAND STATE-GUARANTEED ADVANCES ACCOUNT. £ £ Balance on 31st March, 1912 . . . . . . . . 335,044 Unexhausted authority for raising loan .. .. .. 1,225,000 1,560,044 Liabilities on 31st March, 1912 .. .. .. .. 389 Balance on 31st March, 1913 .. .. .. .. 450,723 Loan-money to receive .. .. .. .. 690,000 Unexhausted authority for raising loan .. .. .. 2,028,000 3,168,723 Liabilities on 31st March, 1913 .. .. .. .. 470

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VIII

COMPARISON OF THE GENERAL FINANCIAL POSITION On the 80th June, 1912, 31st March, 1913, and on the 30th June, 1913. It will be seen from the following summary that a marked improvement took place during the nine months ended the 31st March, 1913, and during the year ended 30th June, 1913 : — Comparative Statement of Balances in the Consolidated, Public Works, and other Funds, also State Advances Office, together with Loan-money to receive, less Liabilities, as at the 30th June, 1912, 31st March, 1913, and 30th June, 1913. As at 30th June, 1912. £ £ Balance ■••• •••■ •••• 1,864,841* Loan-money to receive .... .... ■••■ 724,053 2,588,894 Liabilities — General services .... .... ■■■■ •■•• 2,518,61 Jf State-guaranteed advances commitments .... 950,173 3,468,790 Deficit : £879,896 * Does not include £1,013,200 to pay off advances received for redemption of debentures. Includes £171,000 imprested to High Commissioner to make progress-payments on account of H.M.S. "New Zealand." t Includes some liabilities (as, for instance, £334,520 on account Midland Railway Contract) which did not require to be met during the year. N.B.— Unexhausted authorities to borrow amounted to £4,053,823. As at 31st March, 1913. & £ Balance 1,875,249* Loan-money to receive .... .... .... •••• 1,825,873f 3,701,122 Liabilities — General services .... .... .... •••• 1,239,597} State-guaranteed advances commitments .... 662,014 1,901,611 £1,799,511 * Does not include £249,776 held for redemption of debentures due 15th April, 1913. Includes £47,000 imprested to High Commissioner to make final payments on account of H.M.S. "New Zealand." \ Does not include £50,000 raised for redemption of debentures due Ist April, 1913. I Does not include liabilities amounting to £325,870 in connection with Midland Railway Contract which were included as at 30th June, 1912, and were subsequently written off. N.B. —Unexhausted authorities to borrow amounted to £4,112,970. As at 30th June, 1913. £ £ Balance 2,580,865 Loan-money to receive .... .... .... .... 1,060,474 3,641,339 Liabilities — General services .... .... .... .... 2,063,855 State-guaranteed advances commitments .... 544,329 2,608,184 £1,033,155 To compare the liabilities of the different periods it is only fair to reduce the £2 518,617 general-services liabilities as at 30th June, 1912, by £325,870, which 'represents Midland Eailway Contract commitments written off during the year. The net liabilities as at 30th June, 1912, should therefore, for the purposes of comparison, be taken at £3,142,920, as against £1,901,611 as at the 31st March, 1913, and £2,608,184 as at 30th June, 1913.

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IX

THE PUBLIC DEBT. The gross public debt at the end of the financial year amounted to £90,060,763. The following table shows for what purposes the various amounts were borrowed:— £ Maori War . . .. .. " . . .. 2,357,000 Defence . . .. . . . . . . 3,653,452 Public Works .. .. .. . . .. 47,381,393 (Includes railways, roads and bridges construction and lands improvement, public buildings, telegraph and telephone lines, harbours and lighthouses, immigration, tourist and health resorts, development of water-power, development of goldfields and coal-mines.) New Zealand State-guaranteed Advances-— (Includes transferred liability.) Advances to Settlers Branch . . . . 8,225,644 Advances to Workers Branch . . . . 2,246,942 Land for Settlements Branch . . . . 6,871,161 Local Authorities Branch . . . . . . 2,258,000* Native Land Settlement Branch . . . . 516,100 Guaranteed Mining Advances Branch . . . . 15,000 Bank of New Zealand shares . . . . . . 500,000 New Zealand Consols . . . . . . . . 475,891 Purchase of Native lands .... .. .. 2,715,217 State coal-mines .. . . ... . , 225,000 Loans to local bodies . . .. .. .. 3,507,000 State fire insurance .. . . . . . . 2,000 Eeserve Fund securities . . . . . . . . 800,000 Scenery-preservation . . . . . . . . 60,000 Deficiencies in revenue, charges and expenses of raising loans, increase by conversion, &c, provincial liabilities and miscellaneous . . . . 8,250,963 £90,060,763 * Includes £153,785 advanced for opening Crown lands, £85,000 for Hauraki Plains settlement, and £35,000 for Rangitaiki land drainage. By sections 36 and 37 of the New Zealand State-guaranteed Advances Act, 1909, the amount transferred to the Advances Office is £20,132,817. Of the above £90,060,763, approximately £55,000,000 has been utilized in such works as construction of railways, telegraphs, and telephones ; advances to settlers, workers, and local authorities ; purchase of land for settlement purposes, &c, which are directly reproductive investments. The net debt amounted to £87,457,121, arrived at as follows :— £ £ Gross debt of the Dominion . . . . . . . . .. 90,060,763 Less sinking funds-— Government Loans to Local Bodies Acts. . . . 799,601 - Naval Defence Act, 1909 . . . . .. 102,028 New Zealand State-guaranteed Advances debt . . 932,978 Public Debt Extinction Act, 1910 .. . . 300,936 War and Defence loans . . . . . . 192,691 Canterbury Loan Ordinance, 1862 . . . . 23,838 New Zealand Loans Act, 1863 .. .. .. 251,570 2,603,642 Net debt 31st March, 1913 .. .. .. .. .. £87.457,121

ii—B. 6.

B.— 6

X

INCREASE IN OUR INDEBTEDNESS. * Owing to the borrowing of the four-and-a-half-million and the three-million loans during the past year our public debt has increased by £5,706,850 since the 31st March, 1912. The increases were l — State-guaranteed Advances Debt :■ — £ Advances to settlers .. ... .. .. .. 337,763 (£36,100 at 3j per cent., London ; £73,900 at 3f per cent., Dominion ; £227,763 at 4 per cent., London.) Advances to workers .. .. . . .. .. 931,008 (£750,000 at 3 J per cent., London ; £174,008 at 4 per cent., London ; £7,000 at 4 per cent., Dominion.) Land for settlements . . . . . . .. ... 552,523 (£55,000 at %\ per cent., London; £125,300 at 3| per cent., Dominion ; £356,723 at 4 per cent., London ; £15,500 at 4 per cent., Dominion.) Local authorities . . . . . . . . . . . . 661,000 (£175,000 at 3j per cent., Dominion ; £86,000 at 3| per cent., Dominion ; £400,000 at 4 per cent., London.) Native-land settlement . . . . . . .. . . 80,000 (At 3f per cent., Dominion.) Guaranteed mining advances .. . . .. .. 10,000 (At 4 per cent., Dominion.) — £2,572,294 Public Works : — £ Aid to Public Works and Land Settlement Act, 1911 . . . . 950,000 (£876,000 at 3j per cent., London; £49,000 at 3f per cent., Dominion ; £25,000 at 4 per cent., Dominion.) Aid to Public Works and Land Settlement Act, 1912 (proportion £3,000,000 Stock Loan, 1912) .. .. .. .. 1,242,900 (At 4 per cent., London.) Aid to Water-power Works Act, 1912 . . . . .. 50,000 (At 3f per cent., Dominion.) Irrigation and Water-supply Account (Appropriation Act, 1912). . 15,000 (£IO,OOO at 3| per cent., Dominion ; £5,000 at 4 per cent., Dominion.) Government Railways Amendment Act, 1910 ..■ .. . . 28,780 (£15,000 at 3| per cent., Dominion ; £13,780 at 4 per cent., Dominion.) Immigration and Public Works Loan Act, 1870 (stock created— proportion £3,000,000 loan, 1912 —for redemption debentures due 15th April, 1913) . . . . . . . . . . 363,000 (At 4 per cent., London.) ■ 2,649,680 Less redemptions — Aid to Public Works and Land Settlement Act, 1900 . . .. . . .. . . 1,000 £2,648,680

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XI

Miscellaneous: — £ Coal-mines Act, 1908 (Appropriation Act, 1912) .. .. 75,000 (£25,000 at 3f per cent., Dominion ; £50,000 at 4 per cent., London.) Naval Defence Act, 1909 . . . . .. . . .. 283,500 (At 3J per cent., London.) New Zealand Consols Act, 1908 .. .. .. .. 1,780 (At 3J per cent., Dominion.) Scenery Preservation Act, 1908 .. .. .. .. 15,000 (At 3| per cent., Dominion.) Increase of stock debt for charges and expenses, conversion, &c. .. 110,596 (£24,090 at 3| per cent., London ; £86,506 at 4 per cent., London.) £485,876 Summary. £ State-guaranteed Advances debt . . .. . . .. 2,572,294 Public "Works .. .. . . . . .. .. .. 2,648,680 Miscellaneous . . . . . . . . .. .. .. 485,876 Total increase for 1912-13 . . .. .. £5,706,850 FINANCE. It is proposed to amend the Public Revenues Act in order that Treasury bills may be issued in London. This will facilitate the raising of temporary loans for the purposes of the Consolidated Fund in anticipation of revenue. During the financial year the sum of £750,000 was transferred from the Consolidated to the Public Works Fund, making the total amount of revenue transferred to the Public Works Fund since 1891 £9,280,000. In accordance with the recommendations contained in the report of the Commissioners appointed to report on the unclassified Departments of the Public Service, a simplification in the publication of the public accounts of the Dominion has been introduced. The public accounts, instead of being issued in separate accounts as well as in a combined publication known as 8.-l, will be issued in two parts only, and a great deal of duplication will be avoided. The principle adopted, for the first time, last year of referring the estimates for the consideration of the Public Accounts Committee will be continued. Full details of all expenditure for the year ended 31st March, 1912, have been prepared at some expense to the country. It will be remembered that the Commissioners above referred to raised the question of the necessity for the publication of these details, and I propose, therefore, that the continuance of the printing of this information for future years shall be referred to the Public Accounts Committee for consideration. It is estimated that the cost of the preparation of the return for the year ended 31st March, 1912, was, approximately, £4,000. The cost of raising the £3,000,000 loan in London will be laid before honourable members so soon as the final accounts are received from the High Commissioner. The proceeds of this loan have been to a very large extent devoted to the current needs of the Dominion, whereas circumstances made it imperative that the previous loan should be largely utilized for the purpose of redeeming existing loans then maturing, or repaying advances.

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I subjoin a comparison of the last two loans, showing the purposes for which the moneys were, when raised, devoted.

Comparison of the Last Two Loans borrowed on London Market, showing Purposes to which the Loans were applied.

Allocation of £3,000,000 Loan. The following is the allocation showing the purposes to which the recent loan of £3,000,000 was applied :— State Coal-mines Account .. .. .. 50,000 Public Works Fund .. .. .. .. 1,448,200* Advances to settlers .. .. .. .. 200,000 Advances to workers .. .. . . .. 150,000 Land for settlements .. . . . . .. 300,000 Local authorities .. .. . . . . 400,000 Redemption of debentures .. .. .. 451,800 £3,000,000 * Includes £205,300 raised for redemption of debentures, but not being required for that purpose was subsequently added to the original Public Works Fund allocation. Loans falling due. The loans falling due during the next seven years are as follows :—

The £9,830,865 due in 1915 includes the whole of the £4,500,000 loan of 1911 and £3,142,600 of the £5,000,000 loan of 1910 not converted. It will be seen that a very large amount of loan-money has to be met during the year ending the 31st March, 1915. This matter largely occupied my attention during my recent visit to London, and I fully anticipate that satisfactory arrangements will be made when the proper time arrives for raising the money The reserve securities held by the Government in London amount to £800,000, and these are at the present time earning interest and are unpledged.

Loan. I Repayment '. of Advances obtained in _ , . Anticipation of Date raised. Loa £ or in Payment of Maturing Debentures. Expenditure B f a^ ce . j n ; available tor • London Expenditure in (Naval Defence). ™- e . Dominion. ■ £4,500,000 loan of 1911 £3,000,000 loan of 1912 £ June 7, 1912 .. 2,785,500 Feb. 13, 1913 .. ! 451,800 ■ £ £ 283,500 1,431,000 Nil 2,548,200

Year ending 31st March. London. Australia. New Zealand. Total. 1914 (from 1st July) ... 1915 1916 1917 1918 1919 1920 £ 230,400 8,145,200 848,900 225,200 40,700 134,350 38,000 £ 352,100 127,550 1,087,800 84,400 60,000 26,800 £ 68,400 1,333,565 3,283,252 572,240 3,266,456 1,302,465 572,480 £ 298,800 9,830,865 4,259,702 1,885,240 3,391,556 1,496,815 637,280 9,662,750 1,738,650 10,398,858 21,800,258

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CHAEGES FOE INSCEIPTION OF STOCK. The charges made by the Bank of England for the management and inscription of our stock in London amount to close on £20,000 per annum. Prior to the Ist May, 1908, a sliding scale of charges had been agreed upon with the bank under which the charges diminished as the quantity of the inscribed stock increased. On the date mentioned, however, a new arrangement was entered into, and a fixed rate per million of stock was agreed upon. The change brought about savings in the charges which were temporary only, and by 1914, assuming that the two loans coming due in that year are replaced by stock, the annual saving will be converted into an annual loss, which will progress at a yearly increasing amount as our national debt increases. I approached the Bank of England when in London with a view of obtaining a reconsideration of the charges, but so far no definite conclusion has been arrived at. PROCEEDS OF LAND SALES. It will be remembered that section 5 of the Land Laws Amendment Act, 1912, provided, amongst other things, that from the Ist April, 1913, all proceeds of sales of land should be credited to the Land for Settlements Account, instead of to the Consolidated Fund. These moneys will for the future, therefore, be devoted to the purchase and settlement of other lands. POST OFFICE SAVINGS-BANK. With a view of bringing the rates of interest payable to depositors in the Post Office Savings-bank more into line with the current market rates, it was decided to increase the amount of interest to depositors from 3j to 3| per cent, from the Ist May, 1913, in respect of sums not exceeding £300. In consequence of this increased rate payable to depositors by the Post Office it became necessary for the Treasury to increase the rate payable in respect of debentures issued to the Post Office for the investment of its funds. The rate payable by the Treasury was accordingly raised from 3f per cent, to 4 per cent, from the 14th May, 1913. The following table will show the relative sums borrowed by the Treasury from the Post Office for each of the years ending the 31st March, 1912 and 1913 : — Comparison of Post Offjcb Investments in New Zealand Government Securities during the Years ended 31st March, 1912, and 31st March, 1913, respectively, showing Purposes to which Money was applied.

Fund or Account. 1912. 1913. Consolidated Fund (Treasury bills) State Coal-mines Account Scenery Preservation Account Public Works Fund i.id to Water-power Works Account .. Irrigation and Water-supply Account.. Railways Improvements Account . . . Loans to Local Bodies Account Land for Settlements Account Native Land Settlement Account Sew Zealand State-guaranteed Advances' — Advances to Workers ,, Local Authorities .. Guaranteed Mining Advances • • f £ 500,000* 20,000 5,000 76,750 10,000 50,000 525,850 254,500 425,000 222,000 5,000 £ 175,000* 25,000 15,000 49,000 50,000 10,000 15,000 125.300 80,000 261,000 2,094,100 2,094,100 805,300 * These amounts were repaid during the respective financial years.

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PUBLIC DEBT EXTINCTION. The sum paid out of the Consolidated Fund towards the extinction of our loans amounted to £149,343 for the year. For the year previous a sum of £144,885 was similarly paid to the Superintendent of the Advances Office, and for the two years during which the Public Debt Extinction Act" has been in operation a total sum of £300,936 (including interest) has been invested by the Superintendent in loans to settlers, workers, or local authorities in accordance with the provisions of the Act. Particulars of these investments will be found in the printed balance-sheet and report of the Superintendent of the State Advances Office. CLOSING ACCOUNTS. It is intended to close the Maori Land Settlement Account, which was practically superseded by the Native Land Settlement Account established by the Native Land Act, 1909, and honourable members will be asked to authorize the absorption of the old account by the Native Land Settlement Account, which now includes all revenue and expenditure in connection with Native-land settlement. A proposal will also be submitted to amalgamate the Loans to Local Bodies Account, still kept in the Treasury, with that of the Loans to Local Authorities Branch of the State Advances Office, which office deals with all Government loans to local authorities. PUBLIC SERVICE REFORM. The Commissioner and Assistant Commissioners appointed under the Public Service Act, 1912, commenced duty at the beginning of the year, and have since been engaged in|investigating the condition of the Public Service. One of|the first duties of the Commissioner was to classify the Service, and it is hoped that the classification will be ready for publication at an early date. As a result of the work already done by the Commissioners, it is evident that considerable economies can be effected in many Departments, while at the same time efficiency can be increased. A preliminary report by the Commissioner will be presented to Parliament in due course. PUBLIC SERVICE SUPERANNUATION FUND. The income during the year ended 31st December, 1912, amounted to £146,990, including £23,000 annual subsidy from the Government. The amount contributed by members of the fund during the year was £107,409, the balance of the income being made up of interest, £16,258, and fines, £323. The total outgo for the year was £65,169. This includes allowances to members and to widows and children of deceased members, £50,781, as against £44,173 for the previous year; contributions refunded, £10,752; compensation, £2,493; and expenses, £1,144. The total value of the fund at the end of the year was £423,556, an increase of £81,820 on the total at the close of the year 1911. The number of contributors at the beginning of the year was 9,140, and 1,471 new contributors have since joined. The number of officers who ceased to contribute during the year by reason of having left the Service, retired on pension, or died, was 584, leaving a total of 10,027 effective members of the fund at the end of the year. There were 385 members in receipt of retiring-allowances by reason of age or length of service, and 104 by reason of medical unfitness, or of injuries received whilst on duty. The number of widows and children on the fund was 104 and 90 respectively. An amendment of the law under which the fund is administered was passed during last session, abolishing the provision for reduction or postponement of allowances to widows and children in cases where compensation is paid under the Workers' Compensation Act for the death of a contributor by accident. The new law came into operation from the date of its passage. At the same time parliamentary sanction was given to an increase to the annual subsidy from £23,000 to £48,000, as recommended by the Government Actuary in his report on the fund for the triennium ended 31st December, 1910. The first increased subsidy of £48,000 was paid over in accordance with the Act in January, 1913, after the close of the year's accounts in December.

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TEACHEES' SUPEEANNUATION FUND. The income during the year ended 31st December, 1912, was £55,265, made up as follows: Contributions of members, £40,130; interest on outstanding contributions, £23; interest from Public Trustee, £8,111 ; and Government subsidy, £7,000. The expenditure for the year was £26,317, the items being: Allowances to members and to widows and children of deceased members, £21,323; contributions refunded, £4,911; Public Trustee, commission, £82. The value of the fund on the 31st December, 1912, was £214,298, as against £185,026 on the 31st December, 1911, an increase of £27,272. The number of contributors increased from 3,387 on the 31st December, 1911, to 3,853 at the end of 1912, an increase of 466. The number of persons who ceased to contribute to the fund during the year by reason of having left the service, retired on pension, or died, was 213, so that the number of contributing members at the end of the year was 3,640. There were 240 members in receipt of retiring-allowances by reason of age or length of service, and 39 by reason of medical unfitness. The number of widows and children on the fund was 52 and 45 respectively. By section 3 of the Public Service Classification and Superannuation Amendment Act, 1912, persons in the employ of the University of New Zealand and affiliated institutions on the 31st December, 1912, were given the right of joining the fund, the right of election to be exercised on or before the 30th June, 1913. Persons first permanently employed by the above institutions subsequent to the 31st December, 1912, were also given the right of joining the fund. By section 5 of the Amendment Act above referred to, those persons who, being eligible, failed to join the fund on its inception in 1906 were given the right to become members on paying up back contributions, together with compound interest thereon at the rate of 5 per cent. The last day. on which the right of election could be exercised was the 30th June, 1913. A number of elections have been made under these provisions. In accordance with the Actuary's recommendation, this fund, in addition to the annual subsidy of £7,000, was during the past financial year supplemented by an extra grant of £10,000. Both this fund and the Public Service Superannuation Fund are subject to triennial investigation by the Actuary. The increased annual subsidies will not be further increased during the next three years. RAILWAYS SUPERANNUATION-FUND. As promised in last year's Budget, the Government is obtaining an actuarial report on the condition of the Railways Superannuation Fund. The report is not yet to hand, but on its receipt careful consideration will be given to this fund so as to place it, if need be, on a sound basis. LEGISLATIVE COUNCIL REFORM. Further consideration was given to this important matter by the Government during the recess, and fresh legislation has' been introduced with the object of bringing the constitution of the Council more into accord with popular feeling. ELECTORAL REFORM. An electoral Bill will be introduced during the present session. STATE ADVANCES OFFICE./ The amounts lent during the year were as follows : — £ Settlers (including loans from Public Debt Sinking Fund) 937,435 Workers .. .. . - .. .. 449,260 Local authorities .. .. . . .. .. 547,295 The report and balance-sheet of the Advances to Settlers Branch shows a profit for the year of £73,864, and that of the Advances to Workers Branch a profit of £11,263. These profits are more than absorbed by the sinking-fund contributions.

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The Local Authorities Branch shows a loss of £635, which is very small compared with the losses of the previous years. During the two previous years the loss amounted to £22,557, and this will be provided for out of the surplus in the Consolidated Fund at the 31st March, 1913. Since the introduction of last year's legislation the business has undoubtedly been -put on a better footing. Amended legislation is being introduced which will consolidate and simplify the present law regarding State advances. The existing system, under which the Superintendent is required to raise the money for certain other Departments with the administration of which he has no connection, has proved cumbersome and inconvenient, and it is intended to provide that in future the Treasury shall raise all moneys required for such purposes as land for settlement, Native-land settlement, opening up of Crown lands, &c, instead of the Superintendent. The amending Bill will also make provision for bringing the sinking funds of all new loans of the Advances Office under the operation of the Public Debt Extinction Act. With regard to existing loans, the Superintendent has hitherto been required to pay each year 1 per cent, to the Public Trustee for investment as a sinking fund. To do this, capital moneys had to be encroached upon to some extent. It is proposed that, with regard to these loans, the Superintendent shall himself invest the sinking fund in loans to settlers, workers, or local authorities instead of paying it to the Public Trustee for investment. Previous to the date when the present Government took office the Advances Board found it impossible, owing to financial stringency, to entertain applications for loans to repay existing mortgages. The Board also then found it necessary, for the same reason, to limit the loans under the Advances to Settlers Branch to sums not exceeding £500. Kecently, I am glad to say, the Board has been able to relax this stringency somewhat, and loans are now being granted for the purpose of repaying existing mortgages in the case of Crown leaseholders, and the limit of loans to settlers has been extended from £500 to £750. In November, 1912, it was also found necessary to limit the loans granted under the Advances to Workers Branch to sums not exceeding £300. In May last this limit was raised to £400, and loans up to that amount are now being granted to workers by the Board. The following tables will show the greatly improved position of the Department's funds at the 30th June, 1913, as compared with the 30th June, 1912 : — 30th June, 1912. 30th June, 1913. Advances to settlers— £ £ Total commitments '. . .. 73,142* 154,2241 Total funds .. .. .. 644,739f 813,043' Advances to workers — Total commitments .. . . 559,891f 63,775 Total funds .. .. . . 655,166 158,978 Advances to local authorities— Total commitments .. . . 711,820 488,170§ Total funds . . . . . . 96,783 428,980 * Includes £34,680 temporarily transferred from Public Debt Sinking Fund Branch, f Includes £360,000 temporarily transferred from Settlers Branch to Workers Branch, j Includes £10,000 temporarily transferred from Guaranteed Mining Advances Branch. § Includes £151,840 temporarily transferred from Settlers Branch. All loans granted by the Advances Office are on what is known as the instalment system —that is, each half-yearly instalment paid by the borrower for the loan is comprised partly of principal and partly of interest. The proportion of these half-yearly instalments which represented repayment of capital during the year was as follows:— £ Advances to settlers .. .. .. 111,431 Advances to workers .. .. .. .. 35,410 Advances to local authorities .. .. .. 20,121

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It has been the practice hitherto, when quoting figures representing repayments of capital, to include all mortgages repaid, even where a mortgage is repaid by the granting of an increased mortgage to the same mortgagor. As this practice is misleading, it has been decided for the future to publish in this table only the repayments of capital which are included in the ordinary instalments of interest and principal. LOCAL BODIES' LOANS ACT. An amending and consolidating Act relating to the raising of loans by local bodies will be introduced. This measure will contain provisions which will remove certain restrictions now imposed on local authorities in connection with raising loans. It will also make provision for local authorities to borrow moneys under the guarantee of the Government. LOCAL GOVERNMENT EEFOEM. Further information has been obtained concerning local government in some of the States of the Commonwealth. This has been considered by the Government; but, in view of the very heavy programme of legislation provided for this year, it is doubtful if Parliament will have time this session to adequately consider this important subject. It is intended, however, that proposals dealing with local-government reform will, if possible, be circulated this session for the consideration of members of Parliament and local bodies. POST AND TELEGRAPH DEPARTMENT. The business of the Post and Telegraph Department continues to show a steady and gratifying improvement. The receipts during the year amounted to £1,167,977, an increase of £78,169 over the previous year. The expenditure amounted to £1,066,772, an excess of £5,871 beyond the amount voted, and £80,245 over the previous year. It will be realized, however, that the expenditure of this Department must necessarily increase with the expansion of business and consequent increase in revenue. The Savings-bank business shows that the public confidence in the Department is unabated, the deposits having amounted to a total of £11,725,183, a higher amount than ever previously received in one year. The deposits were in excess of withdrawals, and the amount standing at credit of depositors on the 31st December, 1912, was £16,330,257, an increase of £787,070 over the amount at credit on the corresponding date in 1911. Owing to the increase in the ruling rate of interest obtainable for ordinary investments the withdrawals from the Post Office Savingsbank were unusually heavy during the year. The money-order and postal-note business also shows a very considerable increase, the orders and notes issued exceeding in value those of the previous year by well over half a million sterling. The inauguration of the party-line system has helped to increase very largely the number of telephone-exchange subscribers, and this has necessitated a heavier expenditure on the construction of lines than was anticipated. The revenue derived from this class of business is, however, very satisfactory, and is sufficient to meet all interest charges on the capital borrowed as well as the working-expenses. It amounted to no less than £201,237 during the year. The net expenditure out of Public Works Fund for telegraph-extension was £251,375. RAILWAYS. Mr. Hiley, late of the North-eastern and Great Northern Railways of Great Britain, has been appointed General Manager of the New Zealand railways. He will take up his duties on his arrival in New Zealand. I am pleased to be able to announce that the interest earned by the New Zealand railways on the cost of construction during the year ended 31st March, 1913, is the second highest on record—namely, £4 os. 9d. per cent, notwithstanding large increases in the wages of the staff made in accordance with the provisions of section 22 of the Appropriation Act, 1912.

iii—B. 6.

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STAMP DEPARTMENT. For the first time in the history of the Stamp Department, which has been in existence since 1867, the revenue for the financial year has exceeded one million pounds sterling. The revenue of the Department, which was formerly shown in conjunction with the Post and Telegraph revenue, has during the last three years been shown separately, the gross receipts being as follows :— 1910-11 .. .. .. 872,862 1911-12 .. . . .. 952,999 1912-13 .. .. .. 1,062,487 LAND AND INCOME TAX. The net receipts for the past year in this Department were— Land-tax .. .. .. .. .. 728,636 Income-tax .. .. .. . . ■• 462,994 Total .. .. .. . . .. £1,191,630 The estimate was — £ Land-tax .. .. .. .. 650,000 Income-tax . . . . .. .. 450,000 1,100,000 The estimate was therefore exceeded by .. . . £91,630 Land-tax. The land-tax receipts for the financial year 1912-13 as compared with the year 1911-12 are— £ Receipts, 1912-13.. .. . . .. .. 728,636 1911-12.. .. .. .. .. 647,016 An increase of .. .. .. £81,620 The following figures show the increases in the net assessed taxable value of land and mortgages, the yield of land-tax, and the number of taxpayers, in the last four years : — v Taxable Value. Tax. Number o Year ' £ £ Taxpayers. 1908-9 .. .. 106,198,550 604,900 30,855 1912-13 .. .. 130,675,949 728,636 38,232 Increases .. £24,477,399 £123,736 7,377 As it has been freely stated that the subdivision of the large estates of the Dominion is not being sufficiently accelerated, I may here refer to the alteration which has taken place in recent years in the areas held by certain landowners. A reference to Table No. 3, published under 8.-17 A, 1911, will show that on the 31st March, 1910, there were 171 owners of freehold lands in the Dominion whose individual holdings reached 10,000 acres or more. The aggregate area held by these 171 owners was at that date 3,509,471 acres. An examination of the assessments of these same owners on the 31st March, 1912, or two years after the date of the return, showed that no less an area than 811,202 acres had been disposed of during that period. For the year ended 31st March, 1913, details of all subdivisions which have taken place are not yet to hand, but from present indications I think I am warranted in saying that the process of subdivision has of late been considerably accelerated.

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Income-tax. The receipts for 1912-13 as compared with 1911-12 were — £ 1912-13 . . .. . . . . .. . . 462,994 1911-12 .. .. .. .. .. .. 448,935 An increase of .. .. .. .. £14,059 No alteration was made in the rates of tax charged, so the above figures are an indication of the increased prosperity of the Dominion. The following figures give the increases in the net assessed income, the yield of income-tax, and the number of taxpayers, in the last four years :— Net Assessed m Number of Year. Income. Taxpayers. £ £ 1908-9 .. .. 10,225,346 321,044 10,839 1912-13 .. .. 12,939,338 462,994 13,167 Increases .. £2,713,992 £141,950 2,328 The rates of income-tax were increased in 1910-11. REMARKS AS TO CURRENT YEAR'S REVENUE. Land and Income Tax. I estimate the receipts for the current year as — „ Land-tax .. . . .. .. .. 750,000 Income-tax .. .. .. .. ... 470,000 Total .. ... .. .. .. £1,220,000 It is intended during the present session to submit to honourable members a proposal for graduating the income-tax on a more equitable basis than the present system. The new scale will be prepared on the same principle as the graduated land-tax of last session, which provides that the increase in the rate will be uniform with the increase in value, so that for each pound of increase in taxable income there shall be a corresponding increase in rate. The smaller incomes will pay slightly less, but this loss will be made up by an increase in the tax charged on the larger incomes. Legislation has already been introduced with the object of granting additional exemption from income-tax to parents who have children under sixteen years of age dependent upon them. This legislation will, I hope, meet the objections so frequently made—viz., that the present system of taxation presses more severely on taxpayers who are bringing up families than it does on those with few or no children. AGRICULTURE. The rural industries, and the preparation of their products for export, are among the most important factors in the material prosperity of New Zealand. It is consequently a matter of satisfaction that the past year has been one of prosperity for these industries. The wool-clip has been good ; dairying has continued to expand, especially in the manufacture of cheese ; commercial fruitgrowing is now beginning to take its true place as a means of utilizing much land that is of comparatively small value for other purposes ; the hemp industry has, owing largely to a period of high prices, shown a remarkable revival; and poultry-raising and beekeeping are exhibiting signs of a forward movement. The Government has under consideration a proposal to introduce legislation this session which will enable financial assistance to be granted to associations of fruitgrowers for the purpose of erecting canning-factories and providing cold storage.

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Ageicultubal Colleges and Expeeimental Faems. It has been decided that the question of establishing an agricultural college and experimental farms shall be referred to the proposed Advisory Board of Agriculture as soon as the Board is established, and it is hoped that its recommendations will be available in time to permit of provision being made in the supplementary estimates for giving effect to the proposals. INDUSTRIAL MATTERS. It is pleasing to note that no industrial troubles of any magnitude have arisen since the miners' strikes at Waihi and Reefton took place. It is believed that during the past year there has been engendered a more earnest desire amongst the workers of New Zealand, as well as amongst all other classes of the community, to find some method by which industrial disputes may be settled in a manner equitable to the parties concerned. With this object in view, the Government has given careful consideration to the Conciliation and Arbitration Act. It is proposed to effect a number of amendments in the machinery provisions of the Act, and to embody these amendments in a consolidating measure to be placed before honourable members for their approval. As the present Act cannot, however, be regarded as complete, inasmuch as it applies to only those disputes that affect registered unions of workers, it is proposed to include in the measure some provisions which it is hoped will enable the parties to all industrial disputes to arrive at a peaceful settlement of their difficulties, and in this way to, so far as possible, prevent strikes and lockouts from taking place. A Bill to consolidate the Shops and Offices Acts has already been submitted for the consideration of honourable members. WORKERS' DWELLINGS. There has been considerable activity in the purchase of suitable land for the erection of workers' dwellings. Land has been purchased and set apart during the past year, and eighty-one have been erected, while arrangements are well advanced for the erection of eighty-four additional dwellings. A total of 235 acres is now available for the purposes of this Act, and applications for the erection of dwellings thereon are being dealt with as rapidly as possible. It is also hoped shortly to complete the necessary negotiations on the lines indicated last year for the purchase of a number of blocks of suitable land in the country districts for agricultural labourers' dwellings. Legislation will be introduced this year extending the powers of local bodies in the direction of enabling them to acquire land and erect homes for workers: NATIONAL PROVIDENT FUND. The National Provident Fund during the year has made a distinct forward movement, as a result of an active lecturing campaign. At the present date the membership numbers over 3,800, whilst the fund amounts to approximately £15,000. A recent analysis of the occupations of contributors gives the following result:— Percentage. Clerical .. .. .. .. .. .. 19 Domestic .. .. . . .. 5 Industrial, farming, labouring, and kindred occupations .. 59 Shops (retail) .. .. .. .. .. 10 Miscellaneous .. .. .. .. .. .. 7 100 Experience shows that there exists a desire on the part of employers that the functions of the fund should be extended in the direction of enabling them to effectively co-operate with the State. In England the co-operation of employer and State is an essential feature of the national scheme.

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PENSIONS. In accordance with the proposal foreshadowed in the Financial Statement of last year, the Pensions Department has been recreated and placed under the control of a Commissioner, who administers, old-age, widows', and military pensions. The gross amount paid by way of pensions under these Acts throughout the Dominion during the year ended 31st March, 1913, was as follows : — Old-age pensions .... ... .... .... 415,749 Widows' pensions .... .... .... .... 22,113 Military pensions .... .... .... .... 3,678 Whereas the figures relating to old-age and widows' pensions represent a full year's working, the amount paid by way of military pensions is the payment for the last quarter of the year only. The liability, however, in regard to military pensioners on the roll at the present time exceeds £22,000, and it is anticipated that the estimate of £25,000 per annum as the probable cost of the Military Pensions Act will be realized before the first twelve months have passed. Applications for New Zealand War Medals are still being received, and, in cases where satisfactory proof is shown, medals are being aw T arded. Amongst those to whom medals have been granted are a number of members of the Maori race. The number of pensions in force at the close of the year under each head was as follows : Old-age, 16,509, a decrease of 140 on the figures of 1911-12 ; widows', 1,313, an increase since last year of 525; military, 568, or up to the present date, 675. The decrease in the number of old-age pensions is due to the fact that some 380 have been converted into military pensions. Two Bills dealing with pensions have already been introduced —one to consolidate the whole of the law relating to pensions of the three classes enumerated above, and the other inviting Parliament to ratify the agreement relating to reciprocity in the matter of old-age pensions signed by the Prime Minister of the Commonwealth of Australia and the Minister of Pensions for New Zealand. In the Pension Consolidation Bill proposals are contained which will grant an old-age pension to women at the age of sixty. The estimated cost of this proposal is about £70,000. Further proposals relating to the residential qualifications under the Old-age Pensions Act will also be contained in the consolidating measure. The Bill also extends the operations of the Military Pensions Act which was passed last year. SHIPPING AND SEAMEN AMENDMENT ACT, 1912. This Act having been assented to by His Majesty the King, it was by Proclamation brought into force on the Ist May* 1913. The Act deals principally with matters relating to collisions and salvage, and brings the law into accord with the Imperial Maritime Conventions Act and the International Maritime Conventions. The Imperial Government has been requested to arrange for the adherence of New Zealand to those Conventions. LIGHTHOUSES. During the past year automatic acetylene lights were ordered for erection on one of the Chicken Islands, on Channel Island near Cape Colville, and on Karori Eock in Cook Strait. The necessary tower for Chicken Island was procured, and it was erected in April of this year, the light being exhibited on the 28th of that month. The tower for Channel Island light is ordered. The public will be gratified to know that a final decision has been come to in reference to the matter of lighting Cook Strait in the vicinity of Cape Terawhiti. The site finally adopted has met with the general approbation of all concerned, and the work of erection is being proceeded with. EECIPEOOAL TEADE. With a view to stimulating trade between Australia and New Zealand, the Minister of Customs recently visited Australia and successfully negotiated a reciprocal trade treaty with the Government of the Commonwealth of Australia.

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Since this treaty was concluded the position of political parties in the Commonwealth has materially changed, and it is not possible for the New Zealand Government to take any further action in the matter until the policy of the new Commonwealth Administration in reference thereto is disclosed. CUSTOMS TARIFF. For the reason just given the usual practice of bringing down the proposed new Customs tariff with the Financial Statement will not be followed upon this occasion. The piecemeal introduction of measures affecting the tariff would have a most disturbing and unsettling effect upon trade generally ; and, as the general tariff proposals and the reciprocal trade treaty are complementary to one another, the Government deems it advisable to hold over the proposed legislation dealing with this subject until later in the session. CUSTOMS LAW. There has been comparatively little or no alteration in the principles of the Customs Law Act since the year 1882. This most important Act has become to a great extent out of date. The anomalies which are inseparable from such a measure have created a great deal of hardship, and the difficulties of administering the Act have been largely due to the hard-and-fast conditions imposed upon the administrative officers of the Department by the inelasticity of the existing law. With a view to effecting a remedy for this condition of affairs, a consolidating Customs Law Bill will be introduced this session. This measure will contain many new proposals which it is hoped will make our Customs law more modern, more equitable, and in its administration more elastic. The proposed measure should enable our commercial community to be freed from many of the harassing restrictions under which they have been labouring for so long. MINING. Owing to labour troubles which existed for many months at Waihi and Reefton, and which stopped the mines, the output of gold for the past year does not compare favourably with, that of the previous year ; but, despite these difficulties, it is encouraging to note that the output amounted to £3,035,510, as against £3,492,362 for 1911-12, and there seems to be little doubt that the output for the current year will be quite up to the average. The coal-mining industry continues to prosper. The output of coal for 1912-13 amounted to 2,177,615 tons, as against 2,066,073 tons in 1911-12, being an increase of 111,542 tons. STATE COAL-MINES. Mention was made in last year's Financial Statement of the revaluation of the assets of the State Coal-mines Account, which was then in progress. The revaluation showed, as was expected, that the assets were not in all cases worth their book value, and the Under-Secretary of the Mines Department in his report on the ma tter —parliamentary paper C.-3A, 1912 —recommended additional writings-off as under: — £ Point Elizabeth No. 1 Colliery . . . . .. 25,000 Seddonville .. .. .. .. .. 1.0,000 Briquette-works .. .. .. . . .. 6,000 Wellington Depot .. .. .. .. ... 600 Dunedin Depot . . .. .. .. .. 400 Charming Creek prospecting .. .. .. 2,966 Total.. .. .. .. .. £44,966

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He also advised that 10 per cent., instead of 5 per cent., should be annually written off for depreciation in future in respect of both the old collieries and the briquette-works, and that such amounts should be computed on the gross total capital expenditure in each case, and not merely on the balance not written off as hitherto. THE IRON-AND-STEEL INDUSTEY. Honourable members will recollect that during last session certain proposals relative to establishing the iron-and-steel industry in this Dominion were made by the Ethelburga Syndicate. On the motion of the Prime Minister a. special Select Committee was appointed to go into the matter, and, after an exhaustive inquiry, the Committee reported that it could not recommend the acceptance of the proposals in their then form. The proposals of the Ethelburga Syndicate involved an expenditure by them of about ,£650,000, spread over five years, in buying out the rights of the present lessees of iron-mining property near Parapara, Collingwood, and in putting down a modern plant for the production of iron and steel on a fairly large scale. They also involved the payment of a Government subsidy at the rate of 5 per cent, annually. This subsidy would have amounted to £32,500 per annum, and was to continue for a period of forty years, at the end of which term the syndicate was to hand over the whole enterprise to the Government without further payment. During my recent visit to England the matter was brought before me again, but on an entirely new basis. The Government has decided to submit the various proposals to a Committee of experts for examination and report. STATE FIEE INSURANCE OFFICE. The year ended 31st December, 1912, has proved the most profitable in the existence of the State Fire Office. The profits amounted to £14,024, as against £5,391 for the previous year. The total profits at the close of the year amounted to £26,461. The net income of the office for the year advanced from £48,931 to £56,315, showing an increase of £7,384. The reserved funds increased from £31,535 in 1911 to £48,213 for 1912. The percentages of working-expenses were 26-7 for 1912, and 275 for 1911. MENTAL HOSPITALS. The expenditure on mental hospitals for the year was £148,979, and the net expenditure £100,451. Owing to the large increase in the number of patients, to the high price of provisions, and to the carrying-out of extensive works in developing the estate in connection with the new Mental Hospital at Tokanui, near Te Awamutu, there was a considerable increase in expenditure last year, but the receipts from maintenance and from sales of produce were very satisfactory. PUBLIC HEALTH. The Native medical service is being reorganized with a view to obtain the co-operation of Hospital Boards in this most important branch of the Public Health service. The appointment of nurses for special work among the Natives has been fruitful of such good results that further appointments are contemplated. • It is evident that it is necessary to increase the accommodation at our St. Helens hospitals, and to make arrangements to provide our chief centres with modern and well-equipped buildings. It will also be advisable for Hospital Boards to erect maternity wards in connection with our country hospitals, and thus provide for the requirements of country maternity patients. It is proposed to continue the practice of subsidizing country medical and nursing associations. A great deal has been done in that direction during the past year, and also in the direction of co-operation between public and private charitable organizations. The ever-increasing demands for accommodation in our public hospitals is a matter for serious consideration, and makes it clear that considerable expenditure will be necessary during the next and succeeding years on hospital buildings. At no distant date many of the hospitals will have to be replaced by modern structures of a more lasting nature.

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SETTLEMENT OF CEOWN LANDS. As indicated in my Statement last session, instructions were given to expedite the survey and subdivision of our Crown lands, and this work is being accelerated. The officers of the Lands and Survey Department are endeavouring to give effect to our desire that all available lands be placed on the market at as early a date as possible. During the past year the area of Crown land made available for settlement totalled 337,500 acres, in 2,230 subdivisions or allotments. Since the close of the year there has been advertised for selection a further area of 141,500 acres, in 540 allotments. It was considered advisable that the leases of pastoral runs expiring next February should be extended for a period of twelve months, in order that the dealing with these areas might be postponed until after the passing of further land legislation during the present session. The area involved amounted to 217,743 acres, comprising thirty runs. FEEEHOLD. The provisions in the Act of last session giving Crown tenants holding ordinary Crown lands under lease in perpetuity and settlement lands under renewable lease the option of purchase either for cash or deferred payment were heartily welcomed by settlers generally, and since the issue of regulations under the Act some hundreds of applications have been received from settlers desirous of making their tenure as secure as a freehold title can make it. A Land Bill will be introduced during the present session, and Parliament will be asked to agree to further extension of the freehold policy which was approved by the country at the last general election, and which undoubtedly makes for the confidence of the settlers and the prosperity of the Dominion. NATIONAL ENDOWMENT. The area of national-endowment land occupied under lease or license at the end of the year was 6,324,608 acres, at an annual rental of £89,559. The gross revenue received from this source for the past year amounted to £97,081. This sum has been dealt with in accordance with the statutory provisions. The total area at present within the endowment is 8,551,250 acres. The unlet area will be prepared for settlement as early as possible, and the same vigorous measures are being adopted in regard to the endowment as in the case of ordinary Crown land. The total area of Crown lands of all classes held under lease or license at the close of the past financial year was 19,544,394 acres, held by 29,532 selectors, and paying an annual rental of £698,831. In addition to this, educational and other endowment lands administered by the Lands and Survey Department represent a further area of 1,175,664 acres, divided into 4,280 holdings, paying an annual rental of £87,460. The gross land revenue received during the past financial year was £912,029. The following are the various heads from which the amounts were derived : — £ • Cash sales and purchase of freeholds .. .. 87,235 Deferred-payment instalments .. .. .. 603 Perpetual-lease rents .. .. .. . . 2,348 Occupaticm-with-right-of-purchase rents .. .. 84,497 Lease-in-perpetuity rents .. . . .. .. 241,090 Renewable-lease rents .. .. .. .. 108,069 Small grazing-run rents . . .. .. .. 80,655 Pastoral-run rents . . .. .. .. 79,223 Educational and other endowments .. . . 102,597 Other leases and licenses and miscellaneous receipts .. 125,712 Total .. .. .. .. .. £912,029

SETTLEMENT OF KAURI-GUM LANDS. Eegulations to give full effect to the settlement of Crown lands within gum districts, as. provided for in the Land Laws Amendment Act passed last session have been prepared and gazetted, and surveyors are now busily engaged in subdividing suitable blocks for settlement under'these provisions. This system of land-disposition should prove a great boon to the gum-digger, who will be able to acquire a fair holding to settle on with his family and thus to become a permanent LAND FOR SETTLEMENT. The operations under the Land for Settlements Act have been larger than eVI r S yCar ' an a f a ,° f 5 °' 819 acres havin g been at a value of £428,045. There is a good demand for grazing-lands, but for lands for mixed farming it is not so keen. LAND SETTLEMENT FINANCE ACT. Ten associations have been completed during the year with a membership of eighty-seven, and an area of 11,354 acres, valued at £185,899. Several others are m course of formation. It is proposed to amend the Act materially this session in order to facilitate settlement and to make better provision for finance. NATIVE-LAND SETTLEMENT. The settlement of Native land during the past year has been up to the average Since the coming into operation of the Act of 1909 the average of Native land alienated either by purchase or lease has been about 500 000 acres a year. A Bill extensively amending the 1909 Act in the direction'of giving increased facilities for settlement of the remaining surplus Native lands while duly conserving the interests of the Natives, will be introduced shortlv' The important question of rating Native lands is under consideration, and a Bill is in preparation which will make the collection of rates by the local bodies easier. COOK AND OTHER ISLANDS. The appointment of a new Eesident Commissioner for the Cook Islands was necessary owing to the services of the late Eesident Commissioner being retained in New Zealand. Mr. H. W. Northcroft, late Stipendiary Magistrate, was offered and accepted the position. The care of the health of both Natives and Europeans is one of the chief considerations of the Administration, and when opportunity occurs one of the two Medical Officers stationed at Earotonga visits the outlying islands to attend to the health of the people. The hospital at Earotonga is under the special care of the Chief Medical Officer, and is one of the best-equipped in any of the Pacific islands Its value is recognized by the inhabitants, and everything is being done to encourage the Natives to continue to avail themselves of the benefits of the institution _ A duly qualified nurse has been appointed, and her services are greatly appreciated by both Natives and Europeans. As an indication of the manner in which the hospital has benefited the community of the Cook Islands, the following figures for the past twelve months are quoted : Visits of out-patients to hospital 3 700 • in-patients admitted, 75. Strict measures are being taken by the newly appointed Eesident Commissioner for the suppression of bush-beer drinking. A Bill validating the constitution of the Federal Council of the Cook Islands and containing other provisions for the improvement of general conditions in the islands will be submitted this session for the consideration of honourable members. INSURANCE OF PUBLIC BUILDINGS. In my last year's Statement mention was made of the fact that it had been the custom to rebuild out of loan-money buildings destroyed by fire, and that the Government had decided to discontinue this unsatisfactory procedure. A scheme was outlined for the establishment of a special sinking fund to meet fire-insurance

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losses, and honourable members approved the scheme by passing a vote of £10,000 from the Consolidated Fund as the first yearly contribution to the fund. This amount, together with a subsequent contribution of £10,000, has been invested with the Public Trustee. RAILWAY-CONSTRUCTION. When the Government took office in July, 1912, new construction-work on main and branch railways was in progress at twenty-one different points, and provision was made on last year's public-works estimates for continuing work on practically all these lines. The total expenditure on new construction, apart from additions to open lines, amounted during the year to £684,196. In August last Messrs. McLean and Sons, contractors for the Arthur's Pass Tunnel, between Bealey and Otira, on the Midland Eailway, approached Parliament by petition, praying to be relieved of their contract, on the ground that they had exhausted their resources and were unable to carry the work to completion. The petition was considered by a special Committee, which recommended that the contractors should be relieved of the contract, and that the tunnel should be carried to completion under a fresh contract or by labour employed directly under the Government's own Engineers. In pursuance of this recommendation the contract was formally determined on the 23rd December, 1912, and the work has since then been continued by the Public Works Department. It is proposed, however, to invite tenders at an early date for the completion of the tunnel. In the Public Works Statement of last year it was suggested that wherever branch lines of railway were deemed to be necessary a lighter and cheaper form of construction should be adopted. In pursuance of this view several new branch lines were authorized during last session. As it is impossible for the Dominion to borrow in any one year a sum sufficient to provide for all these branch lines as well as for the construction of the main lines, it is the intention of the Government to permit private enterprise to undertake such work, subject to conditions which will carefully safeguard the public interest. Legislation giving effect to this proposal will be introduced this session. ROADS AND BRIDGES. The total expenditure under this heading for the last financial year, including the national-endowment and land-for-settlements roads, amounted to £429,253. DEVELOPMENT OF WATER-POWER. Satisfactory progress is being made with the tunnel (which is now being carried out directly by the Public Works Department) and with the other works connected with the Lake Coleridge hydro-electric power scheme. Large consignments of plant and material for the genera ting-station, transmission-line, &c, are also coming to hand, and it is still anticipated that the Government will be in a position to supply electric current to the City of Christchurch by the Ist May, 1914. An agreement lias been entered into with the Christchurch City Council for the sale of current to that body for distribution to consumers within the municipality, and negotiations are now proceeding for the supply of electricity to other towns in Canterbury. IRRIGATION IN CENTRAL OTAGO. In pursuance of the programme outlined in last year's Budget, it was decided to proceed with the irrigation of a part of Ida Valley. The construction of the necessary works has been put in hand, but progress has been very much hampered through delays in receiving certain articles of plant and fittings required, owing to strikes in England and difficulty in obtaining shipping-accommodation. In view of this delay, it is unlikely that the works will be completed in time for the current year's irrigation season ; but they should certainly be available for the season of 1914. Full information has been obtained by survey and investigation with regard to the works required for irrigating land in the Manuherikia Valley, and between Clyde and Alexandra South,

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DEFENCE. Owing to the amendment made last year in the defence legislation, detention in military custody has been substituted for imprisonment. The Act of last year needs further amendment, and the Government has submitted this question with others affecting the national defence scheme to a-joint Committee of both Houses of the Legislature for consideration and report. A full statement of the position of the Military Forces of this Dominion will be found in the Defence Eeport. The officers, non-commissioned officers, and men comprising our citizen army have, with few exceptions, proved amenable to discipline, and the spirit in which they have entered into their respective duties is a matter for congratulation. Naval Policy. The second meeting of the Committee of Imperial Defence, which I had the privilege to attend, was held seven days before my leaving London. Prior to this, several conferences had taken place with the Admiralty, the results of which were considered at the above-mentioned meeting of the Committee of Imperial Defence. Some important details remained to be considered, and these, owing to my departure for New Zealand, became matters of correspondence. So soon as these details are settled, the Government will submit to Parliament a policy which will recognize to the full the necessity for one control for Imperial purposes, will throw upon the New Zealand Parliament a more direct responsibility for naval defence, and will give the people of this Dominion a more definite interest in defence matters and afford them a better opportunity for service. Expeditionary Force. In organizing the defence of the Empire the War Office found it necessary to ascertain the probable number and nature of the forces which the oversea Dominions might be able to supply. To enable this question to be answered by New Zealand, it is proposed to provide the machinery for an expeditionary force. It is not intended to bring into existence a force for service outside New Zealand ; this can only be done by the men volunteering to serve when the time comes. It is necessary, however, in order to give an answer to the War Office, to decide upon the number of men and the nature of the force; also to provide the arms and equipment, and to have everything ready for those in the Territorial Force who may offer their services. From past experience there can be no doubt that if the necessity arises there will be no lack of volunteers to respond to the call. Aviation. It is with pleasure I have to announce that the Imperial Air Fleet Committee has presented the New Zealand Government with a Bleriot monoplane. Mr. Gustav Hamel made a successful flight from London to Cologne in the machine. An officer of the New Zealand Staff Corps is in England undergoing a course of aviation, while in the Dominion there are several officers, non-commissioned officers, and men of the Defence Department with a knowledge of mechanics who are qualifying to undergo a course of training under proper supervision with a view to becoming proficient in the same art. Battleship "New Zealand." I am now in a position to announce that the actual cost of the battleship presented to the Imperial Navy amounted to £1,701,000, and that the final payment has been made in London. In accordance with the provisions of the Naval Defence Act, 1909, the sum of £50,000, being sinking fund at the rate of 4 per cent., was paid over during the year, making a total of £102,028 now in the hands of the Public Trustee towards the repayment of the loan. The sinking fund will be sufficient to repay the loan in about seventeen years.

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EDUCATION. The increase in the amount to be provided for this year, as compared with last year's expenditure, is due almost entirely to the increased attendance at the ordinary public elementary schools, at the manual and technical schools and classes, and at secondary schools, and also to the additional number of new school buildings which have to be provided for and maintained. It is the intention during this session to go carefully into the report of the Education Commission of last year. Although it will not be possible to give full consideration to University education, the most urgent needs of the University colleges will be provided for. Staffs" and Salaries. I do not think it will be possible to bring down this session a scheme for the improvement of the staffs and of the salaries of teachers in public schools, but proposals dealing with these two questions will be submitted to Parliament next year. Meanwhile, to give some increase of salary where it is most needed, the Government intends, as from Ist January next, to raise the amount of the yearly increments of salary in the several grades from £5 to £10, so that, for instance, a teacher of Grade 4 whose salary under the present law begins at £180 and rises in six years by £5 increments to £210, will receive £190 after one year, £200 after two years, and £210 after three years ; and similarly for all other grades. The cost of this for the first year will probably be about £] 2,000. In addition, it is proposed to make better provision for the pay of some of the staff of the training colleges, and to increase the salaries of the secondary assistants in district high schools. Free University Education. The opportunities for free University education have been further extended during the year by a modification of the conditions for obtaining University bursaries, so that it may be said that the University is now open free to any person who has shown himself qualified to take a University course. Special bursaries have also been established to enable teachers to become well trained in home science. The number now receiving free University education in New Zealand is about 750. Special Schools. The system outlined in the last Financial Statement of placing young offenders with their relatives on probation instead of sending them to industrial schools has been successfully inaugurated. There is abundant evidence that the training given in our industrial schools is praiseworthy, and that the results fully justify the public expenditure necessary in the upbringing of the children ; yet the officers engaged in this work are unanimously of opinion that as far as possible aggregation should be avoided, and that for a child of normal tendencies who cannot be provided for with his relatives, the system of boarding out with foster-parents, which has been in operation for thirty years past, is the nearest approach to the ideal of family life. The extension of facilities for the care of feeble-minded and epileptic children is a matter of most urgent importance. It is necessary to make provision for girls as well as to increase the present limited accommodation for boys. Works are to be set in hand at Otekaike immediately to enable girls to be received there for the present, and the buildings will be erected in such a manner as to be equally available for boys should it be necessary in the near future to make a separate establishment for girls of this class. School Buildings. The demands on the vote for school buildings are very great, and with all the care for economy that can be exercised in the Department the need for new schools as settlement proceeds, and the extension of schools in the settled districts to provide for increasing school attendance, together with the increasing demand for facilities for secondary, technical, higher, and special education, make it useless to expect

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any diminution in the amount of this vote. At the present time the commitments on this account (including, of course, the expenditure since 31st March) amount to very rittle short of £150,000. THE MAGISTEATEB. A Bill has been introduced this session fixing the salaries to be paid to Magistrates. Under this measure the three jurisdictions at present existing under the Magistrates' Courts Act will be abolished, and only one jurisdiction will be provided for, which will be exercised by all Magistrates, except in the case of the Chatham Islands, which is specially provided for. Magistrates are thus put on an equality as regards jurisdiction and status, but as it is recognized that the magisterial work in the four chief cities is heavier than in the other districts, a slightly larger salary is provided for the principal Magistrates in these centres. TOWN-PLANNING. The contrast between cities laid out with some regard to the future and those built up without forethought and intelligent design impressed itself upon me even more forcibly than on previous visits to Britain and Canada. Some time spent in the East End of London and East Ham, with their narrow streets and very few air-spaces and reserves, made apparent the urgent necessity for legislation to deal with the proper planning and laying-out of areas which may become in the future towns and cities. Ample provision for school-grounds and other necessary reserves, in the interests of public health and the development of the best type of citizen, is of great importance. The Government will, either this session or in the ensuing one, introduce a Bill to deal with the question. IMMIGRATION. Before the present Government assumed office it had become obvious that the methods adopted to procure immigrants to supply the demand for domestic servants in both town and country, and for farm labourers in the country districts, were inadequate, and that efforts must be made to direct the stream of those classes of immigrants to New Zealand in greater numbers. ' The control of immigration had for years past been with the Lands and Survey Department, most of the officers of which were occupied with other and more urgent work. The Government determined to establish a distinct Department of Immigration, whose officers should be employed only upon the special duties of that Department, and the change has resulted in a more systematic and regular administration. But the work of finding emigrants, and testing their capacity, health, and character, must necessarily be carried out by officers in England, and during the past year correspondence on the subject between the Government and the High Commissioner has resulted in modifications of the conditions which formerly obtained, the result of which, it is hoped, will be to provide a satisfactory increase in the flow of suitable immigrants. It is not possible within the compass of this Statement to explain fully the changes which have been made, or to do more than briefly refer to one or two of the more important modifications. The requirement for payment by each immigrant in cash of a certain proportion of his or her passage-money has been cancelled in the case of persons who are without the means necessary to provide the required sum. In such cases the Government advances the whole of the passage-money, but requires a contract from the immigrant to make the necessary refund, within a limited time after arrival in New Zealand, so as to place him on an equality with the immigrant who is able to provide the required cash. The requirement of one year's actual service as a domestic servant has been altered so that women who have had practical domestic experience in their own homes may he accepted, though their services have not been for wage. Efforts have been made to arrange for a supply of boys from country districts * in England, to be employed by farmers in New Zealand, upon terms to be approved by the Government on somewhat similar lines to those previously arranged with Mr. Sedgwick.

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The Government has considered various proposals for altering the present system adopted in our English office, which relies on advertisements in newspapers to induce applications from emigrants, and it is suggested that a process of seeking emigrants in the country districts of Great Britain and Ireland, as our competitors do, would be beneficial. The difference between a method of inviting applications by advertisement and a method of bringing before the people in their own counties the advantages offered by New Zealand is manifest; but under the former plan the expenditure can be accurately estimated, whereas under the latter the procedure must be limited by the cost of working. The Government has reason to believe that it will be able, without an excessive increase of cost, to employ both methods in the future. The establishment of a new system to be controlled by the High Commissioner is, however, a matter which can be finally determined only after full consideration of every suggestion made by him. A comparison between the number of assisted immigrants arriving in the year ended the 31st March, 1913, and the number of the previous year proves that an increase has already been effected. The number for 1911-12 was 3,300, and for the year 1912-13, 3,928. OFFICES OF THE HIGH COMMISSIONER IN LONDON. Shortly after his arrival in London last year the High Commissioner reported to the Government, in confirmation of similar representations by his predecessors, that the present offices in Victoria Street, Westminster, were insufficient for the accommodation of the staff, and that the location of the offices was unsuitable for various reasons. Several alternative sites were submitted and considered, and finally a site in the Strand, next to the Adelphi Theatre, was selected, and has been reported upon by competent land surveyors nominated by the Government. It is believed that negotiations for a lease will shortly be completed. The site has a frontage to the Strand of about 50 ft., the ground area being 4,567 superficial feet. The owners of the land will erect a building of six stories in height, upon plans to be approved by the Government, at a cost estimated at between £15,000 and £20,000. The term of the lease will be eighty years. BANK OF NEW ZEALAND. The one-million loan guaranteed by the Government of New Zealand on account of the Bank of New Zealand becomes due in 1914. The directors of the bank have advised the Government that it would be in the interest of the bank to renew this loan, and that legislation should be passed this session to permit of an increase in the capital of the bank. Some difference of opinion exists between the directors and some of the shareholders. The latter have made their representations to the Government. These, with the board's recommendations, have been carefully considered, and the Government has decided that legislation shall be introduced this session which it is believed will be satisfactory to Parliament, to the directors and shareholders, and in the interests of the people of the Dominion. ESTIMATES OF EEVBNUE AND EXPENDITURE, 1913-14. It is estimated that the revenue for 1913-14 will be £11,789,602, made up as follows : — „ Customs .... .... .... .... .... 3,250,000 Kailways .... .... .... .... .... 4,200,000 Stamps .... .... .... .... .... 1,000,000 Post and Telegraph .... .... .... .... 1,230,000 Land-tax .... .... .... .... .... 750,000 Income-tax.... .... .... .... .... 470,000 Beer duty .... .... .... .... .... 124,000 Kegistration .... .... .... .... 92,000 Marine .... .... .... .... .... 51,200 Miscellaneous .... .... .... .... 360,000 Territorial revenue .... .... .... 190,000 National-endowment revenue .... .... .... 72,402 £11,789,602

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Transfers from the Consolidated Fund. Authority was obtained in the Appropriation Act of 1912 for payment out of the Consolidated Fund of the losses made in connection with the business of the Advances to Local Authorities Branch of the State Advances Office and previously referred to. As the amount was not paid over during the year, I propose to transfer a similar sum from the balance remaining in the Consolidated Fund at the 31st March last. The balance in the Consolidated Fund at the 31st March, 1913, was £709,508, and it is proposed to deal with this as follows :— £ Transfer to the Public Works Fund .... .... 675,000 Transfer to Advances to Local Authorities Branch, being loss incurred in 1910-11 and 1911-12 .... 22,557 Total .... .... .... .... £697,557 The position of the Consolidated Fund for the current year may thus be summarized :— Balance after transfer to Public Works Fund and £ to Advances to Local Authorities Branch.... 11,951 Estimated revenue .... .... .... H 789 602 £11,801,553 Estimated expenditure .... .... .... 11,679,674 Balance available for supplementary estimates £121,879 LOAN FOE PUBLIC WOEKS. I have shown that at the beginning of the current year a sum of £1,621,515, less £249,776 for redemption of debentures, was available for public works, and to this must be added £675,000, the contribution from the Consolidated Fund. I have also shown that at the same date there were liabilities to the extent of £673,933. From these figures it is obvious that the Public Works Fund will require to be replenished during the current financial year, and I propose to ask Parliament to authorize a loan of £1,750,000 to be raised in London. Last year I considered it my duty to call the attention of honourable members, and of the people of this country, to the necessity for more selfreliance. The huge demands for public works and State aid have made it necessary for Governments of late years to raise much larger loans annually than was the custom some years ago. These demands up to last year were to a considerable extent supplied from our own resources, but the activity in trade and the high interest obtainable, have for the time being, tapped the local available capital. I am not saying that this use of our own resources in aid of the rapid development which is going on is an evil, but it has curtailed the power of the Government to borrow locally, and this fact, coupled with the heavy liabilities and commitments left to' the Government on taking office, rendered it necessary to rely to a considerable extent on loans secured in London. During the next eighteen months, in addition to the ordinary requirements for the year, short-dated loans amounting to over £8,000,000 must be repaid, and to do this an equivalent amount will have to be borrowed in London. It seems to me that both sides of the House should assist in inculcating into the minds of our people, especially at a time like the present, the virtue of selfreliance. The Government has determined on a policy of progressive development of the Dominion's resources, and will not fail to make provision for the necessities of settlers, workers, local authorities, and public works generally; but

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even London, with the increasingly heavy demands for loans from so many would-be borrowers, must not be looked upon as a source of supply without limitations, and too great a reliance on London may prove unsatisfactory. The improved condition of the Dominion's finances during the time the Government has been in office is strikingly indicated by the table I have already read showing the improvement in the general financial position since the Government took office. It is the duty of the Government, and may I not add of members of Parliament, whatever may be their politics, to assist to maintain and even to better this improved condition. The record of land-settlement during the year has been exceptionally good. The Government hopes to add" to this good record by increasing the opportunities for close settlement, and by attracting the worker to make his home in the healthy surroundings of country life where work is available for him, and where, if he uses bis opportunities, he can undoubtedly better his position, and to a large extent gratify his ambition. By such means the productiveness of New Zealand will be increased, the happiness of our people will be fostered, and the prosperity of this country will be assured.

8.—6

TABLES TO ACCOMPANY THE FOREGOING STATEMENT. Table No. I.—Abstract of Receipts and Expenditure of the Financial Year ended 31st March, 191 Table No. 2.-oomparative Statement of the Estimated and Actual Receipts and Expenditure of the Consolidated Fund for the Financial Year ended 31st March, 1913 37 Table No. 3.—The Public Debt on 31st March, 1913 oo *"••• • . . OO Table No. 4.-The Debt transferred to the New Zealand State-guaranteed Advances Office at 31st March, 1913 ........ Table No. s.—Statement of the Estimated Liabilities of the Consolidated Fund outstanding on 31st March from 1903 to 1913 inclusive Ar Table No. 6.-Statement of the Estimated Liabilities of the Public Works Fund and other Accounts OUTSTANDING ON 31ST MARCH FROM 1903 TO 1913 INCLUSIVE . . . . . . 46 _ 47 Table No. 7.—Statement showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to 31st March, 1913 .. .. 48 Table No. 8.-Estimated Expenditure of 1913-14 compared with the Actual Expenditure of 1912-13 49 Table No. 9.—Estimated Revenue of 1913-14 compared with the Actual Revenue of 1912-13 49 Table No. 10—Statement showing the Amount charged to " Unauthorized " in each Financial Year from Ist July, 1875, to 31st March, 1913 - n

I—B. (5.

8.—6.

2

Table No. 1.

1911-1912. RECEIPTS 1912-1913. £ 9. d. £ s. d. £ s. d. 564,201 9 0 17,921 0 0 107 12 5 4,253 2 9 Balance at beginning of Year,— Cash in the Public Account Imprests in the hands of Officers of the Government — In the Dominion On account of Imperial Pensions .. On account of other Governments 770,341 3 8 31,183 11 11 23 15 6 5,727 0 7 807,275 11 8 586,483 4 2 3,279,012 2 11 943,188 6 3 1,089,808 2 10 647,015 7 8 448,934 11 5 119,130 11 2 3,665,613 7 6 108,495 5 5 48,321 14 3 371,867 17 1 Ordinary Revenue, — Customs Stamps Postal and Telegraph Revenue Land-tax Income-tax Beer Duty Railways Registration and other Fees Marine Miscellaneous 3,407,538 1 3 1,052,346 17 9 1,167,977 8 3 728,636 7 3 462,993 17 4 124,222 18 4 3,968,349 12 5 93,929 16 0 52,764 18 9 361,339 1 11 10,721,387 6 6 11,420,098 19 8 » 65,936 6 2 568 6 10 182,286 13 4 Territorial Revenue, — Cash Land Sales .. ., .. .. 55,839 10 2 Deferred-payment Land Sales .. .. .. .. 332 17 1 Pastoral Runs, Rents, and Miscellaneous .. .. .. 198,337 2 5 248,791 6 4 254,509 9 8 62,365 5 0 National Endowment Revenue 59,413 19 7 11,032,543 17 10 11,734,022 8 6 15,380 15 3 60 12 0 Recoveries on account of Expenditure of Previous Years Unauthorized 162 11 6 85 18 3 15,441 7 3 248 9 9 Amount at credit of Deposit Account, Imperial Government, South Africa Contingents, transferred to Consolidated Fund 13,175 13 10 2,000 0 0 The New Zealand Loans Act, 1908, — The State Fire Insurance Act, 1908 — Debentures matured 1st May, 1911, renewed 194,200 0 0 The Consolidated Stock Act, 1884— Debentures matured 1st February, 1912, renewed .. Totals ill,843,844 3 1 £12,541,546 9 11

3

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912. ORDINARY REVENUE ACCOUNT.

1911-1912. EXPENDITURE. 1912-: .913. £ s. d. £. s. d. i. s. A. 33,679 15 8 2,656,339 18 1 510,486 9 9 105.937 13 4 32,962 5 1 5,515 7 10 3,861 14 3 26,326 16 2 60,218 13 5 62,365 5 0 386,962 8 6 1,961 19 9 Permanent Appropriations,— Civil List.. Interest and Sinking Fund.. Under Special Acts of the Legislature Subsidies paid to Local Bodies Amounts paid over to Local Bodies and to Deposit Accounts— Payments under the Land Acts Payments under the Timber and Elax Royalties Act Endowments— New Plymouth Harbour Board Greymouth Harbour Board Weatport Harbour Board National Endowment Residue Old-age Pensions .. Widows' Pensions 33,492 18 4 2,717,013 3 4 574,440 15 5 110,527 14 6 37,975 16 0 3,341 2 1 3,460 19 9 25,102 0 0 68,271 6 3 59,413 19 7 397,037 7 11 22,108 3 0 4,052,185 6 2 3,886,618 6 10 31,628 3 8 47,448 18 1 986,526 15 9 2,451,717 8 6 88,745 0 6 20,724 7 6 379,308 18 6 24,843 10 9 437,726 5 8 401,870 3 5 Annual Appropriations,— Class I.—Legislative Departments II.—Department of Finance III.—Post and Telegraph Department IV.—Working Railways Department.. V.—Publio Buildings, Domains, and Maintenance of Roads .. VI. —Native Department VII.—Justioe Department VIII. —Mines Department IX. —Department of Internal Affairs .. X.—Defence Department XI. —Customs, Marine and Harbours, and Inspection of Machinery D payments XII. —Department of Labour XIII. —Department of Lands and Survey XIV.—Department of Agriculture, Industries, and Comimrce XV.—Education Department Services not provided for 35,517 4 3 55,025 18 11 1,066,772 4 1 2,817,140 17 7 117,703 4 9 23,668 3 2 404,316 4 9 29,947 12 6 314,599 2 6 505,267 2 3 118,527 15 7 25,245 3 4 234,500 16 10 172,956 8 10 1,012,048 4 7 19,932 3 1 134,019 18 4 29,177 5 6 '231,245 8 2 178,904 1 3 1,084,041 15 9 2,506 15 0 6,453,750 4 7 7,029,852 18 9 Revenue transferred to the Publio Works Fund ... 750,000 0 0 500,000 0 0 The New Zealand Loans Act, 1908, — The State Fire Insurance Act, 1908— Debentures matured 1st May, 1911, renewed 2,000 0 0 The Consolidated Stock Act, 1884Debenbures matured 1st February, 1912, renewed 194,200 0 0 770,341 3 8 Balance at end of Year, — Cash in the Public Account Imprests in the hands of Offioers of the Government — In the Dominion On account of Imperial Pensions On account of other Governments 678,173 5 11 25,665 8 5 144 8 0 5,525 2 8 31,183 11 11 23 15 6 5,727 0 7 709,508 5 0 807,275 11 8 Totals 11,843,844 3 1 £12,541,546 9 11

8.—6.

4

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-1913. £ s. d, 500,000 0 0 200,000 0 0 Treasury Bills issued during Year Treasury Bills renewed during Year £ s. d. 675,000 0 0 100,000 0 0 £ s. d 775,000 0 0 700,000 0 0 Totals £700,000 0 0 £775,000 0 0 STATE FORESTS £ s, d. 14,116 3 3 Balance at beginning of Year, — Cash in the Public Account Imprests in hands of Officers of the Government — In the Dominion £ s. d. 30,977 19 1 £ s. d. 83 15 11 609 8 10 31,587 7 11 14,199 19 2 1,583 7 9* 33,614 U 8 Rents from Lands set apart .. Miscellaneous 11,525 4 0 1,361 6 8 - 10,163 17 4 35,198 2 5 Contribution from the Consolidated Fund towards cost of forest-tree growing and planting 5,000 0 0 5,000 0 0 £54,398 1 7 Totals £48,112 11 11 STATE COAL- £ s. d. 27,302 12 2 266 1 8 Balance at beginning of Year, — Caen in the Public Account Imprests in the hands of Officers of the Government— In the Dominion £ s. d. 15,425 11 11 8,053 2 7 £ s. d. 23,478 14 6 27,568 13 10 213,920 14 6 Proceeds of Sale of Goal 208,013 14 7 20,000 0 0 The Coal-mines Aot, 1908,— Debentures issued Debentures matured 1st April, 1912, renewed 25,000 0 0 100,000 0 0 125,000 0 0 20,000 0 0 The New Zealand Loans Act, 1908,— The Coal-mines Act, 1908, and Appropriation Act, 1912— Instalments reoeived in respect of £50,000 4-per-oent. Stock Loan authorized .. 34,404 0 0 £261,489 8 4 Totals £390,896 9 1

5

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued. TREASURY BILLS ACCOUNT.

1911-1912. EXPENDITURE. 1912-1913. £ s. d. 200,000 0 0 500,000 0 0 Treasury Bills renewed during Year .. Treasury Bills paid off during Year £ s. d. 100,000 0 0 675,000 0 0 £ s. d. 775,000 0 0 700,000 0 0 £700,000 0 0 Totals £775,000 0 0 ACCOUNT. I I £ s. d. Annual Appropriation,— Vote 117—State Forests Branch £ s. d. £ s. d. 22,810 13 8 22,169 3 8 Balance at end of Year, — Cash in the Public Acoount Imprests in the hands of Officers of the Government— In the Dominion 25,712 7 9 30,977 19 1 609 8 10 231 0 6 25,943 8 3 31,587 7 11 £54,398 1 7 Totals £48,112 11 11 MINES ACC DOUNT. £ s. d. 233,460 13 10 Annual Appropriation,— Vote 118—State Coal-mines £ s. d. £ s. d. 234,677 2 2 4,550 0 0 Interest on Debentures 5,151 14 11 The Coal-mines Act, 1908,— Debentures matured 1st April, 1912, renewed 100,000 0 0 The New Zealand Loans Act, 1908,— Coal-mines Act, 1908, and Appropriation Act, 1912--Charges and expenses Balance at end of Year, — Cash in the Public Acoount Imprests in the hands of Offioers of the Government— In the Dominion 0 3 6 15,425 11 11 50,680 15 6 8,053 2 7 386 13 0 51,067 8 6 23,478 14 6 Totals £261,489 8 4 £390,896 9 1

8.—6

6

Table No. 1—continued.

1911-1912. RECEIPTS 19121913. £ s. d. 2,921 19 10 Balance at beginning of Year, — Cash in the Public Account £ f. d. £ s. d. 2,163 14 6 .5,000 0 0 The Scenery Preservation Act, 1908, — Debentures issued 15,000 0 0 Eents 11 14 3 30,000 0 0 The New Zealand Loans Act, 1908,— The Scenery Preservation Act, 1908 — Debentures matured 1st May, 1911, renewed £37,921 19 10 Totals £17,175 8 9 NAVAL DEFENCE £ s. d. 309,818 16 3 70,711 0 0 250,000 0 0 Balance at beginning of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In London Investment Account £ s. d. 289,362 11 3 15,000 0 0 £ f>. d. 304,362 11 3 830,529 16 3 129,750 0 0 2 10 1 150,000 0 0 The New Zealand Loans Act, 1908,— The Naval Defence Act, 1909— Instalments received in respect of £2,000,000 Loan authorized Interest on overdue instalments Advances on the security of Debentures issued under the Act 433,500 0 0 0 5 2 433,500 5 2 279,752 10 1 The New Zealand Loans Act, 1908,— 4-per-cent. Inscribed Stock created to cover expenses of raising £2,000,000 Loan under the Naval Defence Act, 1909 34-per-cent. Inscribed Stock oreated to oover expenses of raising £2,000,000 Loan under the Naval Defence Act, 1909 13,876 16 0 47,821 13 11 13,876 16 0 47,821 13 11 £958,104 0 3 Totals £751,739 12 5 AC< OUNTS OF £ s. d. )r. 3,079 16 0 Balance at beginning of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion £ s. d. 7,812 6 10 £ s. d. 73 7 4 7,812 6 10 >r. 3,006 8 8 Revenue received for Local BodieB, — Pees, Pines, &c. .. .. .. .. Endowments of Land, &c... Goldfields Revenue Gold Duty 12,824 7 4 20,098 9 4 17,460 3 9 25,931 5 5 11,885 11 11 21,627 3 5 15,827 2 3 17,624 8 7 66,964 6 2 76,314 5 10' Counties Separate Account, — Revenue of Counties in which the Counties Act, 1908, is not in full operation .. 70 6 6 65 3 9 27,391 5 6 13,331 18 2 Advance Accounts, — Amount repaid by Local Bodies Ditto on account of Unauthorized Expenditure of previous years 24,147 3 9 24,147 3 9 40,723 3 8 Totals £114,096 4 7 £98,994 3 3

7

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912-continued. SCENERY PRESERVATION ACCOUNT.

1911-1912. EXPENDITURE. 1912-1913. £ s. d. 5,758 5 4 Annual Appropriation,— Vote 119—Scenery Preservation £ s. d. £ s. d. 16,842 19 1 30,000 0 0 The New Zealand Loans Act, 1908,— The Scenery Preservation Act, 1908— Debentures matured 1st May, 1911, renewed 2,163 14 6 Balance at end of Year, — Cash in the Public Account 332 9 8 £37,921 19 10 Totals £17,175 8 9 ACT ACCO NT. £ s. d. 605,711 0 0 Expenditure under the Act £ s. d. £ s. d. 525,000 0 0 48,030 9 0 The New Zealand Loans Act, 1908, — The Naval Defence Act, 1909— Charges and Expenses 13,878 16 2 The Naval Defence Aot, 1909,— Temporary Advances repaid 150,000 0 0 289,362 11 3 Balauce at end of Year,— Cash in the Public Account Imprests in the hands of Officers of the Government— In London 15,860 16 3 62,860 16 3 15,000 0 0 47,000 0 0 304,362 11 3 £958,104 0 3 Totals £751,739 12 5 LOCAL BO IES. £ s. d. 13,020 7 9 21,403 1 8 17,236 17 1 27,140 11 1 Revenue paid over to Local Bodies, &c, — Pees, Fines, &c. .. Endowments of Land, &c. .. Goldflelds Revenue Gold Duty .. .. .. .. .. .. .. £ s. d 11,205 9 1 21,460 4 3 16,151 11 2 17,599 11 4 £ s. d 78,800 17 7 66,416 15 10 Counties Separate Aooount, — Amount distributed amongst Local Bodies where the Counties Act, 1908, is not in full operation 80 13 8 43 10 10 Advance Acoounta, — Payments on behalf of Local Bodies 24,201 14 10 27,439 9 4 Balance at end of Year,— Cash in the Publio Account 8,294 18 11 7,812 6 10 Totals 1114,096 4 7 £98,994 3 3

8.—6

8

Table No. 1— continued.

1911-12. RECEIPTS. 1912-13. £ s. d. 180,108 8 5 62 16 3 Balance at beginning of Year, — Cash in the Public Account .. Imprests in the hands of Officers of the Government— In the Dominion £ s. d. 226,082 10 S 134 0 0 £ s. d. 226,216 10 8 180,171 4 8 69,370 5 6 6,391 19 3 3 12 0 70 0 0 5,174 10 1 4 19 1 1,338 2 1 59,539 13 9 221,658 2 6 38 0 0 130 15 11 2 5 10 197 0 0 Lodgments,— Education Reserves Amendment Act, 1910 Emigrants' Deposits Fisheries Act, 1908 General Assembly Library .. Gold Duty Suspense Account Greymouth Harbour Board Act, 1884, Special Coal Rate Account Hospitals and Charitable Institutions Acts, 1909 Land Act, 1908— Mining Districts Land Occupation Account Miscellaneous Money-order Settlement Account Nelson Rifle Prize Fund New Zealand University Endowments, Taranaki New Zealand University Endowments, Westland North Island Experimental Dairy School North Island Main Trunk Railway Loan Application Act 1886 Amendment Act, 1889 .. Otago University Reserves Aot, 1904 Public Trust Office Remittance Account Railways Rates on Workers' Dwellings Taranaki Scholarships Endowment Account Tauranga Educational Endowment Reserves Act, 1896 Thermal Springs Districts Act, 1910 Trustee Act, 1908 Westport Harbour Board Aot, 1884, Speoial Coal Rate Account 64,439 6 2 6,630 2 6 1 9 11 25 0 0 4,061 5 0 8,127 4 0 6 14 4 1,266 14 11 57,991 5 4 229,233 5 10 38 0 0 5 5 0 169 7 6 33,663 3 9 292 18 5 24,473 4 3 6,700 0 0 35 13 6 701 13 0 21 12 7 248 15 8 3,857 1 2 1,523 13 2 13,057 11 0 1,748 11 2 35,122 1 4 4,731 15 9 610 13 6 83 18 3 282 0 9 426 5 11 2,059 9 6 430,117 7 8 435,437 1 6 Totals £615,608 6 2 £656,333 18 4

9

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued. DEPOSIT ACCOUNTS.

2—B. 6.

1911-12. EXPENDITURE. 1912-13. £ s. d. 10,349 19 5 53,831 12 6 6,387 15 3 8 13 11 70 0 0 5,174 7 5 17 2 11 13,175 13 10 795 13 6 131 11 5 62,416 7 9 208,658 2 6 0 8 0 7 10 0 10 0 44 5 0 138 15 11 Withdrawals, — Cyanide Process Royalties Account Eduoation Reserves Amendment Aot, 1910 Emigrants' Deposits Fisheries Act, 1908 General Assembly Library Gold Duty Suspense Acoount Hospitals and Charitable Institutions Acts, 1909 .. Imperial Government (South Afrioa Contingents) Land Act, 1908— Mining Districts Land Occupation Account .. Maori Land Settlement Aot, 1905 Miscellaneous Money-order Settlement Account Native Townships— Karewa Parata Potaka Nelson Rifle Prize Fund New Zealand University Endowments—Taranaki North Island Main Trunk Railway Loan Application Act 1886 Amendment Act, 1889 .. Permanent-way Material for Open LineB of Railway Public Trust Office Remittance Account Railways Rates on Workers' Dwellings Taranaki Scholarships Endowment Account Thermal Springs Districts Act, 1910 Trustee Act, 1908 £ s. d. 64,173 12 2 6,502 14 0 25 0 0 3.426 6 7 4 19 1 636 6 9 55 15 9 54,646 19 0 228,733 5 10 £ s. d. 3,586 18 7 23,748 12 4 83,178 17 11 25,000 0 0 34,500 0 4 6,700 0 0 370 14 10 413 11 1 63 18 4 627 16 4 63 4 10 4,298 15 5 389,391 15 6 512,573 14 0 226,082 10 8 Balanoe at end of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion 143,528 16 4 143,760 4 4 134 0 0 231 8 0 226,216 10 8 £615,608 6 2 Totals £656,333 18 4

8.—6

10

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-1913. £ s. d. 381,258 12 10 Balance at beginning of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government — In the Dominion Investment Account .. .. £ s. d. 65,941 5 0 £ s. d. 8,786 13 9 750,000 0 0 16,638 18 7 82,580 3 7 1,140,045 6 7 The Aid to Publio Works and Land Settlement Act, 1912,— Instalments received in respect of £1,242,900 4-per-cent. Stock Loan 855,226 0 0 The New Zealand Loans Act, 1908, — Aid to Public Works and Land Settlement Act, 1900— Debentures matured 1st May, 1912, renewed Temporary advances for redemption of Debentures matured 1st April 1912 Proceeds of loan to pay off advances used for redemption of Debentures Interest oa overdue instalments 2,000 0 0 200,000 0 0 200,000 0 0 0 2 5 402,000 2 5 The New Zealand Loans Act, 1908, — The Aid to Public Works and Land Settlement Aot, 1901— Temporary advance for redemption of Debentures matured 1st April, 1912 Proceeds of loan to pay off advanoes obtained for redemption of Debentures .. Debentures issued as security for advance for redemption of Debentures matured 1st Deoember, 1912 Interest on overdue instalments Proceeds of 4-per-cent. Stook Loan to pay off advances Debentures issued in redemption of Debentures matured 1st December, 1911.. Temporary advance on Eeserve Fund Securities— Provision for Debentures matured 29th December, 1911 Debentures matured 1st December, 1911, renewed 45,000 0 0 117,700 0 0 1,000 0 0 0 1 5 1,000 0 0 8,100 0 0 72,700 0 0 65,300 0 0 164,700 1 5 146,100 0 0 The Aid to Public Works and Land Settlement Act, 1902— Debentures matured 1st December, 1912, renewed Debentures issued as seourity for advance for redemption of Debentures matured 1st December, 1912 Debentures issued for redemption of Debentures matured 2nd December, 1912 Proceeds of 4-per-cent. Stock Loan to pay off advanoes 434,500 0 0 203,100 0 0 30,300 0 0 203,100 0 0 871,000 0 0 25,000 0 0 5,000 0 0 The Aid to Publio Works and Land Settlement Act, 1903— Proceeds of loan to pay off advances obtained for redemption of Debentures .. Interest on overdue instalments Temporary advance on Reserve Fund Securities— Provision for Debentures matured 29th December, 1911 Provision for Debentures matured 1st January, 1912 30,000 0 0 0 0 4 30,000 0 0 30,000 0 4 The Aid to Publio Works and Land Settlement Act, 1904— Proceeds of loan to pay off advances obtained for redemption of Debentures .. Interest on overdue instalments Temporary advanoe on Eeserve Fund Securities— Provision for Debentures matured 1st January, 1912 565,500 0 0 0 6 9 565,500 0 0 ; 565,500 0 0 565,500 6 9 , 1,881,645 6 7 Carried forward .. ... 2,971,006 14 6

11

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912.

1911-1912. EXPENDITURE. 1912-1913. • & s. d. £ s. d. £ s. d. 49,863 11 0 1,125,905 9 6 349,654 17 9 12,575 17 2 13,360 11 8 11,680 13 5 424,578 3 10 21,244 12 6 147,692 6 8 10,436 15 8 19,214 12 5 2,660 19 0 9,082 4 0 2,793 16 11 Annual Appropriations,— Class XVI.—Public Works, Departmental XVII.—Eailways XVIII.—Public Buildings .. . XIX.—Lighthouses, Harbour-works, and Harbour Defences XX.—Tourist and Health Resorts .. » XXI.—Immigration u XXII.—Construction, Maintenance, and Supervision of Roads, Bridges, and other Publio Works XXIII.—Development of Goldfields XXIV.—Telegraph Extension XXV.—Contingent Defence „ XXVI.—Lands Improvement Services not provided for Development of Water-power Irrigation and Water-supply 56,986 3 7 1,148,832 4 5 445,142 2 6 16,785 1 10 12,905 14 11 14,456 7 10 374,345 13 4 10,643 18 8 251,374 13 8 23,790 2 1 22,550 6 10 726 15 10 2,378,539 5 6 2,200,744 11 6 The New Zealand Loans Aot, 1908,— The Aid to Public Works and Land Settlement Act, 1900— Debentures matured 1st April, 1912, redeemed Debentures matured 1st May, 1912, redeemed Debentures matured 1st May, 1912, renewed Temporary Advances repaid 200,000 0 0 1,000 0 0 2,000 0 0 200,000 0 0 403,000 0 0 The New Zealand Loans Act, 1908,— The Aid to Public Works and Land Settlement Aat, 1901 — Debentures matured 1st April, 1912, redeemed Debentures matured 1st December, 1912, redeemed .. .. .. j Temporary advances repaid .. .. .. .. .. Temporary advances on Reserve Fund Securities repaid .. .. Debentures matured 1st December, 1911, redeemed Debentures matured 29th December, 1911, redeemed Debentures matured 1st December, 1911, renewed 45,000 0 0 1,000 0 0 46,000 0 0 72,700 0 0 8,100 0 0 72,700 0 0 65,300 0 0 146,100 0 0 164,700 0 0 The Aid to Publio Works and Land Settlement Aot, 1902— Debentures matured 1st December, 1912, redeemed Debentures matured 2nd December, 1912, redeemed Debentures matured 1st December, 1912, renewed Temporary advances repaid 203,100 0 0 30,300 0 0 434,500 0 0 203,100 0 0 871,000 0 0 25,000 0 0 5,000 0 0 The Aid to Publio Works and Land Settlement Aot, 1903— Temporary advances on Reserve Fund Securities repaid Debentures matured 29th Deoember, 1911, redeemed Debentures matured 1st January, 1912, redeemed 30,000 0 0 30,000 0 0 30,000 0 0 The Aid to Publio Works and Land Settlement Act, 1904— Temporary advances on Eeserve Fund Securities repaid Debentures matured 1st January, 1912, redeemed 565,500 0 0 565,500 0 0 565,500 0 0 565,500 0 0 Carried forward 942,344 11 6 4,412,739 5 6

8.—6

12

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-: .913. £ s. d. 1,881,645 6 7 1,881,645 6 7 Brought forward The New Zealand Loans Act, 1908 — continued. The Aid to Publio Works and Land Settlement Act, 1906— Debentures issued as security for advance for redemption of Debentures matured 1st December, 1912 Proceeds from 4-per-cent. Stock loan to pay off advances 18,650 0 0 Debentures issued for redemption of Debentures matured 1st January, 1912 .. 81,150 0 0 Debentures matured 1st January, 1912, renewed .. £ s. d. & s. d. 2,971,006 14 6 40,000 0 0 40,000 0 0 18,650 0 0 81,150 0 0 80,000 0 0 99,800 0 0 99,800 0 0 The Aid to Publio Works and Land Settlement Act, 1908— Temporary advance for redemption of Debentures matured 1st April, 1912 Proceeds of loan to pay off advances obtained for redemption of Debentures .. Interest on overdue instalments 100,000 0 0 100,000 0 0 0 12 200,000 1 2 The Aid to Public Works and Land Settlement Act, 1911,— Debentures matured 31st Deoember, 1912, renewed Debentures matured 3lBt Maroh, 1913, renewed Instalment received in respeot of £1,500,000 Loan authorized Interest on overdue instalments 100,000 0 0 Debentures issued 350,000 0 0 Temporary advance on seourity of Debentures issued a en rwi n a 100,000 0 0 100,000 0 0 1,226,000 0 0 0 14 9 174,000 0 0 400,000 0 0 100,000 0 0 350,000 0 0 450,000 0 0 2,000,000 14 9 450,000 0 0 The Native Land Purohases Act, 1892— Debentures matured 31st Ootober, 1912, renewed 125,000 0 0 The New Zealand Loans Act, 1908,— 4-per-cent. Inscribed Stook oreated to cover expenses of raising Loans— Aid to Public Works and Land Settlement Act, 1900 (£200,000) Aid to Public Works and Land Settlement Act, 1901 (£117,700) Aid to Publio Works and Land Settlement Act, 1903 (£30,000) Aid'to Public Works and Land Settlement Act, 1904 (£565,500) Aid to Public Works and Land Settlement Act, 1908 (£100,000) Aid to Public Works and Land Settlement Act, 1911 (£1,500,000) .. 6,402 4 4 3,767 14 1 960 6 8 18,102 5 3 3,201 2 2 39,245 11 5 3J-per-cent. Inscribed Stock oreated to cover expenses of raising £1,750,000 Loan 66,950 7 5 under the Aid to Public Works and Land Settlement Act, 1910 66.950 7 fi 66,950 7 5 66,950 7 5 71,679 3 11 oo,aou i o i The Immigration and Public Works Loan Aot, 1870,— Proceeds of 4-per-cent. Stock Loan to pay off Debentures due 15th April, 1913 .. 249,776 0 0 i Temporary advances on Reserve Fund Securities 800,000 0 0 500,000 0 0 ! Revenue transferred from the Consolidated Fund in aid of Publio Works 500,000 0 0 750,000 0 0 Receipts under Seotion 16 Reserves and other Lands Disposal and Publio Bodies Empowering Aot, 1912 86,96'J 14 6 Amount held in Deposits Account for Purchase of Permanent-way Material now restored to Public Works Fund, same being no longer required in a Deposit Account 25,000 0 0 10,530 4 7 Recoveries on account of Expenditure of previous Years .. .. . ■ 10,530 4 7 6,843 13 2 Special Receipts in connection with the Ellesmere and Forsyth Reclamation and 1,615 9 10 Akaroa Railway Trust Account 1,625 10 1 1,615 9 10 The Aid to Public Works and Land Settlement Act, 1910, - 181,650 0 0 Instalments receiived in respect of £1,750,000 Loan authorized 3 10 2 Interest on overdue instalments .. ..- •■ .. .. •■ •• 181,653 10 2 ..-.:,.. !3,192,194 18 7 Totals £7,367,901 12 1

13

E.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

1911-1912. EXPENDITURE. 1912-1913. £ s. d 2,942,344 11 6 £ s. d. £ s. d. 4,412,739 5 6 Brought forward 18,650 0 0 81,150 0 0 The New Zealand Loans Act, 1908— continued. The Aid-to Public Works and Land Settlement Aot, 1906— Debentures matured 1st December, 1912, redeemed Temporary advances repaid Debentures matured 1st January, 1912, redeemed Debentures matured 1st January, 1912, renewed 40,000 0 0 40,000 0 0 80,000 0 0 99,800 0 0 The Aid to Public Works and Land Settlement Act, 1908— Debentures matured 1st April, 1912, redeemed Temporary advances repaid 100,000 0 0 100,000 0 0 200,000 0 0 The Aid to Public Works and Land Settlement Act, 1911— Debentures matured 31st Deoember, 1912, renewed.. Debentures matured 31st March, 1913, renewed Debentures matured 1st Maroh, 1913, redeemed Temporary advanoes repaid 100,000 0 0 100,000 0 0 100,000 0 0 750,000 0 0 ,050,000 0 0 The Native Land Purohases Aot, 1892, and the Aid to Public Works and Land Settlement Aot, 1899— Debentures matured 31st October, 1912, renewed 125,000 0 0 Repayment of advances on Reserve Fund Securities 800,000 0 0 32 6 11 0 7 0 0 12 0 Charges and Expenses in respect of loans raised under, — The Aid to Public Works and Land Settlement Aot, 1900 The Aid to Public Works and Land Settlement Act, 1901 The Aid to Public Works and Land Settlement Aot, 1902 The Aid to Public Works and Land Settlement Act, 1903 The Aid to Publio Works and Land Settlement Aot, 1904 The Aid to Publio Works and Land Settlement Aot, 1906 The Aid to Publio Works and Land Settlement Act, 1908 The Aid to Publio Works and Land Settlement Act, 1910 The Aid to Publio Works and Land Settlement Act, 1911 The New Zealand Loans Act, 1908 6,403 4 3 3,768 9 0 746 5 7 960 7 0 18,102 12 0 3 18 6 3,201 3 4 0 14 0 65,217 12 2 482 6 0 1,736 5 5 39,763 14 2 67,470 3 6 72,949 13 10 The Lake Ellesmere Land Drainage Act, 1905, — Expenditure under seotion 6 471 4 2 65,941 5 0 Balance at end of Year, — Gash in the Publio Acoount .. .. .. .. ,. ;. Imprests in the hands of Offioers of the Government— In the Dominion .. .. .. .. .. .. , •573,959 6 5 16,638 18 7 52,782 2 2 626,741 8 7 82,580 3 7 Totals S3.192.194 18 7 £7,367,901 12 1 * Includes £249,776 tor redem; ition of debentures.

8.—6

14

Table No. 1—continued.

TON-HUTT RAILWAY AND 1911-1912. RECEIPTS. 1912-1913. £ s. d. 4,814 4 9 Balance at beginning of Year, — Cash in the Publio Aooount £ s. d. £ s. d. 2,299 7 2 Recoveries on account of expenditure of previous years 2,906 19 0 5,190 0 0 The Hutt Railway and Road Improvement Act, 1910, — Debentures issued 100,000 0 0 The New Zealand Loans Aot, 1908, — The Hutt Railway and Road Improvement Acts, 1903 and 1905— Debentures matured let May, 1911, renewed Totals £110,004 4 9 £5,206 6 2 THE RAILWAYS £ s. d. 18,146 3 2 Balance at beginning of Year, — Cash in the Public Aooount £ s. d. £ s. d. 567 10 3 33,850 0 0 The Government Railways Amendment Act, 1910, — Debentures issued 28,780 0 0 Totals £29,347 10 3 £51,996 3 2 THE WA HOU AND HINEMURI £ s. d. 100,000 0 0 Balance at beginning of Year, — Cash in the Publio Aooount Investment Account £ s. d. 39,670 19 0 60,000 0 0 £ s. d. 99,670 19 0 100,000 0 0 Contributions under the Waihou and Ohinemuri Rivers Improvement Aot, 1910, — Consolidated Fund .. .. .. Gold Duty Gold-mining Companies 1,667 0 0 5,000 0 0 1,111 6 8 3,333 6 8 1,109 4 5 5,553 17 9 6,667 0 0 Interest on Investments 1,143 9 10 Totals £106,667 0 0 £106,368 6 7

15

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

ROAD IMP OVEMEN 1911-1912. EXPENDITURE. 1912-1913. £ s. d. 7,704 10 7 Annual Appropriation,— Vote 121—Hutt Railway and Road Improvement £ s. d. £ s. d. 2,729 10 8 100,000 0 0 The New Zealand Loans Aot, 1908, — The Hutt Railway and Road Improvement Acts, 1903 and 1905— Debentures matured 1st May, 1911, renewed 0 7 0 The Hutt Railway and Road Improvement Act, 1910,— Charges and Expenses authorized by the New Zealand Loans Act, 1908—On Sales 2,299 7 2 Balance at end of Year, — Cash in the Public Account 2,476 15 6 Totals £110,004 4 9 £5,206 6 2 IMPROVEMENTS ACCOUNT, £ s. d. 51,428 2 5 Annual Appropriation,— Vote 122 —Railway Improvements £ s. d. £ a. d. 29,253 9 9 0 10 6 The Government Railways Amendment Aot, 1910, — Charges and Expenses authorized by the New Zealand Loans Act, 1908—On Sales 0 3 6 567 10 3 Balance at end of Year, — Cash in the Publio Aocount ., .. .. .. 93 17 0 Totals £51,996 3 2 £29,347 10 3 RIVERS IMPROVEMENT ACCOUNT. £ s. d. 3,769 6 10 Annual Appropriation, — Vote 125—Waihou and Ohinemuri Rivers Improvement £ s. d. £ s. d. 10,665 13 11 3,226 14 2 Interest on Debentures 3,500 0 0 Refund of amounts overpaid on basis of £150,000 loan instead of £100,000 loan,— Contribution from Consolidated Fund Contributions from Gold Duty 555 13 4 555 18 2 1,111 11 6 39,670 19 0 60,000 0 0 Balanoe at end of Year, — Cash in the Public Account Investment Account 31,091 1 2 60,000 0 0 91,091 1 2 99,670 19 0 Totals £106,667 0 0 £106,368 6 7

8.—6.

Table No. 1—continued.

16

AID TO WATER-1911-1912. RECEIPTS, 1912-1913. • £ s. d. The Aid to Water-power Works Aot, 1910,— Debentures issued £ s. d. £ s. d. 50,000 0 0 Total £50,000 0 0 1 — IRRIGATION AND £ s. d. The Appropriation Aot, 1912, Section 16, — Debentures issued £ s. d. £ s. d. 15,000 0 0 Total £15,000 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the CHEVIOT ESTAT! ACCOUNT £ s. d. 62,771 15 8 Balance at beginning of Year, — Cash in the Public Account Investment Account £ s. d. 18,242 0 4 50,000 0 0 £ s. d. 68,242 0 4 62,771 15 8 14,375 4 8 Receipts under the Land Aot, 1908, — Rents from Lands.. 12,634 3 7 Other Reoeipts,— Interest on Securities held by Investment Account 1,886 2 6 £77,147 0 4 Totals £82,762 6 5

17

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

3—B. 6.

POWER WORKS ACCOUNT. 1911-1912. EXPENDITURE. 191: 1913. .. £ s. d. Annual Appropriation,— Vote No. 123—Development of Water-power The Aid to Water-power Works Act, 1910— Charges and expenses authorized by New Zealand Loans Act, 1908 £ s. 6. £ s. d. 35,009 0 0 0 3 6 Balance at end of Year, — Cash in the Public Account 14,990 16 6 Total £50,000 0 0 WATER-SUPPLY ACCOUNT. £ s. d. Annual Appropriation,— Vote No. 124—Irrigation and Water-supply .. Balanoe at end of Year, — Cash in the Public Account £ s. d. £ s. d. 14,688 10 6 311 9 6 !__ Total £15,000 0 0 31st Mabch, 1913, compared with the Financial Year ended 31st Maech, 1912. 'or the Year ende £ s. d. 8,866 2 6 38 17 6 Interest paid in respect of Debentures issued .. Surveys, Roading, &c. .: £ s. d. 8,866 2 6 17 2 8 £ s. d. 8,905 0 0 8,883 5 2 18,242 0 4 50,000 0 0 Balance at end of Year,— Cash in the Publio Account Investment Account 23,879 1 3 50,000 0 0 73,879 1 3 68,242 0 4 £77,147 0 4 Totals £82,762 6 5

18

8.—6

Table No. 1—continued.

1911-1912. RECEIPTS. £ s. d. £ s. d. £ s. A. 53,097 14 8 300 0 0 Balance at beginning o£ Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion 66,039 13 0 66,039 13 0 53,397 14 8 The New Zealand State-guaranteed Advances Aots, 1909-1910,— Land for Settlements Branch— Debentures Issued 44,000 0 0 • 399,497 0 0 407,500 0 0 Amount received from the New Zealand State-guaranteed Advances Office in terms of Seotion 89 of the New Zealand State-guaranteed Advances Act, 1909 Amount received from the New Zealand State-guaranteed Advances Office, being part proceeds of loan obtained by High Commissioner for redemption of Debentures matured 1st April, 1912 155,000 0 0 99,000 0 0 8,000 0 0 72,350 0 0 21,500 0 0 600 0 0 149,665 0 0 61,300 0 0 The Land for Settlements Act, 1908, the New Zealand State-guaranteed Advances Aots, 1909, 1910, and the New Zealand Loans Acts, 1908,— Temporary Advance for redemption of Debentures due 1st April, 1912 .. 3J-per-cent. Stock created for redemption of Debentures matured 1st April, 1912 Debentures issued for redemption of Debentures matured 1st May, 1912 Debentures matured 1st April, 1912, renewed Debentures matured 1st May, 1912, renewed Debentures matured 31st October, 1912, renewed Debentures issued for redemption of Debentures matured 1st October, 1911 Debentures issued for redemption of Debentures matured 1st November, 1911 .. Debentures issued for redemption of Debentures matured 1st January, 1912 Debentures issued for redemption of Debentures matured 1st February, 1912 .. Debentures matured 1st November, 1911, renewed Debentures matured 1st January, 1912, renewed Debentures matured 1st February, 1912, renewed 155,000 0 0 190,400 0 0 15,300 0 0 39,500 0 0 30,000 0 0 814,766 0 0 1,244,966 0 0 412,415 0 0 11,536 18 9 249 1 8 Receipts on account of capital value of land under the Land Aot, 1908, — Section 177 Section 191 13,207 18 7 832 12 6 14,040 11 1 11,786 0 5 Receipts derived from Estates, — Rents, &o. 309,192 17 2 281,695 19 7 20 18 3 58 8 7 186 5 9 67 8 4 7 9 6 40 6 6 Credits in reduction, — Eccleston No. 2 Heretaunga Lawry Makareao Ruapuna No. 2 .. Windle .. 380 16 11 6 0 0 Recoveries on acoount of Estates, — Drayton Elderslie No. 2 .. '8 4 2 8 4 2 6 0 0 Proceeds of Sale of Workers' Dwellings on Settlement Lands under Section 16 of the Workers'Dwellings Act, 1910 .. 3,603 1 7 Carried forward 1,167,181 11 7 2,236,347 7 0

19

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912.

1911-1912. EXPENDITURE. 1912-1913. £ s. d. 7,387 0 4 347 17 10 Annual Appropriations, — Vote 120 —Land for Settlements Expenses Unauthorized £ s. d. £ s. d. £ s. d. 10,061 16 11 £ s. a. 10,061 16 11 7,734 18 2 Acquirement of Estates, and Expenses incidental thereto, — Purchase-money. Incidental Expenses. 32 15 2 35 10 10 172 15 3 67 12 6 31 14 2 43 18 7 128 0 1 3 0 9 524 0 11 218 18 8 Total. Name of Estate. Total. 211 14 10 4 11 9 358 15 4 765 2 2 46 16 6 3 14 0 132 9 6 1 14 6 Airedale Albury Allanholm Annan Aorangi Ardgowan Argyll Ashley Gorge Ashwiok (W. P. Hamilton) Avenel Avenel Extension (J. Irwin, W. T. Lowe, and J. C. Helmore) Aviemore Aylesbury (W. Wright) Barnego Beaumont .. Bickerstafie Blind Kiver Bourndale (T. Sealey and Crown) Braoo Braeburn Buddo Cardrona Oarrington Carroll Chamberlain Clandeboye Olandeboye No. 2 .. Clandon Claremont (H. T. Rosendale) Clydebank Conical Hills (Crown) Cradock Culverden Douglas Duncan Drayton Dyer Earnseleugh Ecoleston No. 1 Ecoleston No. 2 Edendale Eldeislie Elderslie No. 2 Blsthorpe Epuni Epworth Ermedale Fencourt Plaxbourne Forest Gate Four Peaks Fyvie Glenham Glentanner Greenfield .. Hall-Jones Hatuma Hawtrey Hekeao Hetana Highbank Hikawera Hornby Horsley Downs Huinga Janefield .. Kaimahi Kanakanaia Kapua Kapuatohe Karapiro Kauroo Hill Kereta Kinlooh Kitchener Kohatahi 32 15 2 35 10 10 172 15 3 67 12 6 31 14 2 43 18 7 128 0 1 3 0 9 31,434 13 11 218 18 8 30,910 13 0 27,985 16 0 25,328 2 8 332 19 0 0 2 3 165 9 8 30 0 2 18 16 2 46 14 0 19 7 7 285 1 5 0 16 4 122 2 4 1 17 1 4 6 0 52 1 9 0 0 3 21 7 3 66 16 5 4 14 8 5 11 5 314 9 0 93 1 6 1,143 0 6 1 15 7 61 8 9 990 13 3 2 10 4 14 4 0 104 17 5 4 4 5 3 9 2 2 3 9 143 8 7 93 2 10 179 0 8 36 4 11 11 14 3 0 3 1 922 19 6 35 16 11 223 18 9 40 11 10 421 14 10 0 19 1 72 14 9 2 9 10 96 1 10 1 15 0 125 13 0 29 13 0 8 16 9 11 11 3 34 6 0 15 6 8 231 16 4 11 12 3 17 0 1 5 8 9 3 10 8 33 11 4 3 15 1 10 6 12 2 9 170 0 6 0 18 8 60 4 4 1 10 7 3 0 3 25,661 1 8 0 2 3 16,206 11 8 30 0 2 18 16 2 46 14 0 19 7 7 22,143 0 0 0 16 4 122 2 4 1 17 1 4 6 0 52 1 9 0 0 3 21 7 3 66 16 5 4 14 8 5 11 5 30,690 11 6 93 1 6 1,293 0 6 1 15 7 61 8 9 990 13 3 2 10 4 14 4 0 104 17 5 4 4 5 3 9 2 2 3 9 143 8 7 93 2 10 179 0 8 36 4 11 11 14 3 0 3 1 922 19 6 35 16 11 228 18 9 40 11 10 421 14 10 0 19 1 72 14 9 2 9 10 96 1 10 1 15 0 125 13 0 29 13 0 8 16 9 11 11 3 34 6 0 15 6 8 231 16 4 11 12 3 17 0 1 5 8 9 3 10 8 33 11 4 3 15 1 10 6 12 2 9 170 0 6 0 18 8 60 4 4 1 10 7 3 0 3 9 0 3 16,od' 2 0 0 18 0 6 12 4 0 11 8 36 2 8 21,857 18 7 14 6 10 120 19 8 104 19 10 400 0 0 108 6 10 2 2 3 83 1 10 5 19 2 17 7 30,376" 2 6 1,275 2 9 42,460 9 4 2 2 0 198 19 0 64,849 7 5 2 10 0 146 7 7 157 9 8 150 0 0 304 13 10 33,453 0 9 29 2 3 19 3 7 281 19 0 39 16 1 210 12 10 37 12 1 17,821 14 9 80 7 10 32 16 2 2,288 11 7 2 12 0 1 14 0 115 6 1 6 14 9 17 6 23 0 7 6 9 0 25 1 5 53 4 10 18 1 97 6 5 28 1 9 12 0 25 0 0 9 14 5 188 4 2 0 7 0 17 14 11 3 12 Carried forward 124,663 18 9 8,241 0 1 132,904 18 10 10,061 16 11 194,704 12 1

8.-6.

20

Table No. 1—continued.

1912-1913. 1911-1912. RECEIPTS. £ s. d. 1,167,181 11 7 Brought forward £ s. d. £ s. d. 2,236,347 7 0 Carried forward ,167,181 11 7 2,236,347 7 0

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

21

1911-1912. EXPENDITURE. 1912-1913. £ s. d. 7,734 18 2 Brought forward £ s. d. £ s. d. £ a. d. £ s. d. 10,061 16 11 Total. Name of Estate. Acquirement of Estates, and Expenses incidental thereto - continued .. Kohika KohikaNo. 2 Kumeroa Kurow Ladbrook Langdale Lindsay Linton LongbuBh .. Loughnan Lyndon No. 1 Lyndon No. 2 Maerewhenua Mahora, Trustees Arihi te Nahu Mahupuku Makareao and extension Manga-a-toro Mangapouri Mangatahi .. Mangawhata Mangawhero Maori Hill Marawiti Matakanui Matamata Maungaraki Maytown Mead Meadowbank Meadows Merrivale Methuen Mills Momona Morice Mount Neseing (E. Jones) Ngatapa Normandale Northbank Ohakea Okauia Omaka Omihi Valley Opouriao Orakipaoa Otahu Otaio Otamatakau Otanamono (T. Telford) Otarakaro Otekaike Papaka Paparangi Pareora No. 1 Pareora No. 2 Patoa Pawaho Peaks Pitt' Plumer Plunket Poerua Pomahaka Pouparae Pourerere Puhipuhi Puhuka Puketapu Punaroa Rainolifi Rainford Rakitairi Rangiatea Rapuwai Raumati Raureka Rautawiri .. Rewi Richmond Brook Ringway Roimata Purchas e-money. Incidental Expenses. Total. 194,704 12 1 2 10 0 3 12 0 33 18 0 124,663 18 9 8,241 0 1 15 14 0 193 10 3 26 5 1 7 15 3 3 17 3 49 8 0 84 13 0 14 15 1 22 3 11 132,904 18 10 15 14 0 193 10 3 26 5 1 7 15 3 3 17 3 49 8 0 84 13 0 14 15 1 22 3 11 7 8 3 66 19 9 80 11 7 12 2 3 42 1 7 0 2 5 4 4 4 1 19 10 3 6 6 157 6 3 56 9 11 63 0 10 10 2 10 54 18 9 31 1 0 21 3 9 2 0 6 7 5 6 170 11 5 45 13 8 12 0 3 10 0 93 13 6 374 14 8 22 7 7 9 12 6 3 3 6 2 6 10 27 8 8 118 2 3 20 16 5 38 15 11 6 10 11 23 17 11 32 5 6 2 10 6 4 2 7 0 4 9 15 0 0 43,000 0 0 9 10 4 29 19 8 80 10 8 27 12 8 35 7 0 4 16 2 73 14 10 21 8 0 71 8 1 20 14 0 24 11 10 14 0 6 8 8 6 4 7 1 173 13 5 8 11 5 3 8 8 12 14 2 111 9 1 60 10 0 50 2 9 4 15 6 11 18 9 4 6 0 24 12 11 542 16 11 275 6 0 18 8 7 6 7 5 25 14 8 6 16 6 30 7 5 0 6 8 33 1 2 4 12 2 12 7 8 3 10 6 0 10 4 109 17 4 14 3 124 9 3 13 17 5 7 14 6 4 5 6 47 17 9 2 2 10 1 14 0 1 19 10 0 17 8 2 7 11 49 14 1 3 0 0 28 16 9 6 9 10 16 2 4 0 11 6 0 14 0 4 5 2 25 18 8 0 19 2 7 17 5 11 18 6 16 11 9 5 8 4 38 18 10 8 9 2 2 8 10 15 12 3 28 15 5 11 18 4 1 11 10 9 10 4 29 19 8 80 10 8 42 12 8 35 7 0 4 16 2 73 14 10 21 8 0 71 8 1 20 14 0 24 11 10 14 0 6 8 8 6 4 7 1 173 13 5 8 11 5 3 8 8 12 14 2 111 9 1 60 10 0 50 2 9 4 15 6 11 18 9 4 6 0 24 12 11 43,542 16 11 275 6 0 18 8 7 6 7 5 25 14 8 6 16 6 30 7 5 0 6 8 33 1 2 4 12 2 12 7 8 3 10 6 0 10 4 31,027 13 2 14 3 124 9 3 13 17 5 7 14 6 4 5 6 47 17 9 2 2 10 1 14 0 1 19 10 0 17 8 2 7 11 49 14 1 3 0 0 28 16 9 6 9 10 16 2 4 0 11 6 0 14 0 4 5 2 25 18 8 0 19 2 7 17 5 11 18 6 16 11 9 5 8 4 38 18 10 8 9 2 2 8 10 15 12 3 28 15 5 11 18 4 1 11 10 30,917 15 10 1,954 6 10 0 5 0 9 17 0 0 8 9 13 6 02 0 1 13 5 44 0 4 4 9 0 0 7 6 7 18 0 23 17 4 3 2 5 018 0 16 7 11 10 0 16 10 10 CI 1 10 6 19 8 0 9 6 22 0 4 22 15 11 5 5 3 198,573 9 4 Carried forward 209,713 4 11 10,061 16 11 198,596 14 7 11,116 10 4

B~ 6.

22

Table No. 1- continued.

19U-1912 RECEIPTS. 1912-1913. £ s. d. ,167,181 11 7 Brought forward £ s. d. £ a. d. 2,236,347 7 0 1,167,181 11 7 Carried forward 2,236,347 7 0

23

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

1911-1912. EXPENDITURE 1912-1913. £ s. d. 7,734 18 2 £ . s. d. £ s. d. £ s. d £ s. d. 10,061 16 11 Brought forward Name of Estate. Purchase-ruonev. Incidental Purchase-money. Incidental Expenses. Total. 198,573 9 4 0 11 6 86 16 4 6 2 1 19,153 16 8 211 17 0 70,278 9 9 18,253 0 9 2 0 8 330 2 6 5 2 0 33 19 9 Oil 6 48 19 6 20 0 0 0 4 178 2 3 72 6 3 0 18 0 130 14 6 114 18 4 2 9 11 19 10 6 72,833 17 11 Acquirement of Estates, and Expenses incidental thereto— continued. .. .. .. 198,596 14 7 11,116 10 . Bosebrook .. .. .. .. * a -t Rosewill .. .. .. .. .. _ _ 24o 5 Ruapuna No. 2 .. .. .. .. " 27 3 i Rugged Ridges 1 '.'. 285'l7 ! Selwyn .. .. .. .. .. 86 13 I Sherenden (J. P. Lethbridge and H. W. Hoadiey) 77,531. 5 0 41 5 ( Sherwood Downs .. .. .. acir 17 ( smithfleid ; ;; . ■ Spotswood .... ., .. .. 88! Starborough .. .. .. .. igg g j £ te ™ ar . d '.'. 113 2 r ot. Helens ..... r i Stoke .. .. .. .. .. _ _ 13 12 ' Strathmore (W. H. Simmons) .. .. 8 408' 8 0 90 12 i Studholme .. .. .. .. .. 14 2 Tablelands .. .. .. .. I 34 1 c Tahawai .. .. .. .. .. " 0 14 < l akit * ■■ •• '.'. 18 6 I Tamai .... o q c 1 arawani .. .. .. ,. .. 24C Taumata .. .. .. .. .. 18 12 f Tautari [\ 120 13 E Tawana ... qo e <■ Tβ Anaraki .. .. .. .. .. 675 Arai ;; 265 12 £ Z e ™* a } e -. 285 0 1C Te Mata .. .. .. .. .. 1 17 11 Te Matua .. .. .. .. .. 16 15 S Timaunga .. .. .. .. .. " 388 18 £ Timaunga Extension (W. J. and E. B. Levers, D. J. Blair, J. Patterson; and W. Scott) .. 26 552 11 2 205 11 8 Tokaora ,. 18 13 0 Tokarahi .. 93 1 10 Tomoana .. .. .. .. .. 262 T°ng°i° '.'. '.'. 783 17 8 Totara .. 70 o n Tn PP •• ■• •• •• •• .. 175 6 1 Valverde (G. W. Leadley) 13 >6 87 6 0 200 19 4 Waari .. 3 3 i Waddington .. .. .. .. 3 14 6 Waiapi .. .. ,. ,. _ 302 Waimate (E. M. L. Studholme) .. .. 26,87910 6 336 18 11 Waihau (W. M. W. Mills, H. M. Peacock, and H Hartree) .. .. .. .. 76,388 15 5 36 2 6 Waikakahi .. .. .. .. .. _ _ 218 0 4 Waimana .. .. .. .. ,. 26 8 3 Waimarie .. .. .. .. ., 725 Waipapa \[ [[ 11 10 0 Waipuka .. 4 13 5 Wangapeka .. 46 19 11 Wnarenui .... 9 1K o Whitehall .. ;.' "■ 8 9 5 Wi S an •• •• •• .. '.'. '.'. 44 0 7 Wilford 4 17 6 Wi llo ws .. 12 0 10 Winchester .. .. .. .. .. , _ 170 4 2 Windsor Park No. 1 .. .. .. ., ,, 37 14 5 Windsor Park No. 2 .. .. .. ,. _ _ 20 1 3 198,596 14 7 77,531 5 0 8,408' 8 0 11,116 10 4 5 7 11 240 5 2 27 3 4 285 17 2 86 13 3 41 5 0 405 17 9 8 8 2 159 8 9 113 2 11 5 11 13 12 7 90 12 3 14 2 7 34 1 9 0 14 9 18 6 5 2 3 6 2 4 0 18 12 5 120 13 8 38 6 3 6 7 2 265 12 6 285 0 10 1 17 11 16 15 5 388 18 3 209,713 4 1 5 7 1 240 5 27 3 285 17 86 13 77,572 10 0 405 17 9 8 8 159 8 9 113 2 11 5 1 1 13 12 7 8,499 0 3 14 2 7 34 1 9 0 14 9 18 6 5 2 3 6 2 4 0 18 12 5 120 13 8 38 6 3 6 7 2 265 12 6 285 0 10 1 17 11 16 15 5 388 18 3 17 6 3 18 0 1 12 0 2,485 14 4 6 11 0 12 18 9 14,000 0 0 101 14 9 2 7 2 1 17 9 26,552 11 2 205 11 8 18 13 0 93 1 10 2 6 2 783 17 8 78 9 11 175 6 1 200 19 4 3 3 4 3 14 6 3 0 2 336 18 11 26,758 2 10 18 13 0 93 1 10 2 6 2 783 17 8 78 9 11 175 6 1 13,888 5 4 3 3 4 3 14 6 3 0 2 27,216 9 5 13,687 6 0 26,879 10 6 16 19 2 56 17 0 7 12 1 7 16 0 3 19 2 10 15 7 76,388 15 5 36 2 6 218 0 4 26 8 3 7 2 5 11 10 0 4 13 5 46 19 11 2 16 2 8 9 5 44 0 7 4 17 6 12 0 10 170 4 2 37 14 5 20 1 3 76,424 17 11 218 0 4 26 8 3 7 2 5 11 10 0 4 13 5 46 19 11 2 16 2 8 9 5 44 0 7 4 17 6 12 0 10 170 4 2 37 14 5 20 1 3 8 17 9 35 2 5 651 10 9 11 10 7 397,768 19 1 Totals •• ■• .. 428,044 10 8 16,369 6 10 428,044 10 8 16,369 6 10 444,413 17 6 444,413 17 6 The Land for Settlements Act, 1908, the New Zealand State-guaranteed Advances Acts, 1909-1910, and New Zealand Loans Act, 1908,— Repayment of Advanoes Debentures matured 1st January, 1912, redeemed .'.' .. ., Debentures matured 1st April, 1912, redeemed Debentures matured 1st May, 1912, redeemed .. .. .. Debentures matured 2nd March, 1913, redeemed Debentures matured 1st April, 1912, renewed .. .'. Debentures matured 1st May, 1912, renewed Debentures matured 31st October, 1912, renewed .. .'. Debentures matured 1st October, 1911, redeemed Debentures matured 1st November, 1911, redeemed Debentures matured 1st January, 1912, redeemed .. .. Debentures matured 1st February, 1912, redeemed Debentures matured 1st November, 1911, renewed Debentures matured 1st January, 1912, renewed .. )', Debentures matured 1st February, 1912, renewed 155,000 0 0 3,200 0 0 345,400 0 0 15,300 0 0 10,000 0 0 39,500 0 0 30,000 0 0 814,766 0 0 99,000 0 0 8,000 0 0 69,150 0 0 21,500 0 0 600 0 0 149,665 0 0 61,300 0 0 : 09,215 0 0 413,166 0 0 114,718 IV 3 Carried forward 867,641 14

8.—6

24

Table No. 1— continued.

1911-12. RECEIPTS. 1912-13. £ s. d. 1,107,181 11 7 3. d. £ s. d. £ s. d. 2,236,347 7 0 L 11 7 Brought forward j !1,167,181 11 7 1 11 . 7 Totals .. £2,236,347 7 0 STATEMENT of the RECEIPTS and EXPENDITURE of the MAORI LAND SETTLEMENT £ s. d. 4,299 19 8 Balance at beginning of Year, — Cash in the Public Account £ s. d. £ s. d, 3,844 0 11 Totals £4,299 19 8 £3,844 0 11

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

4—B. 6.

25

1911-1912. EXPENDITURE. 1912-1913. £ s. d. 814,718 17 3 £ s. d. £ s. d. 1,867,641 14 5 Brought forward 19 5 4 0 3 0 100 1 10 Charges and Expenses — On issue of Debentures On renewal of Debentures On redemption of Debentures 7 19 10 60 2 6 10,483 14 1 10,551 16 5 119 10 2 222,169 0 4 Interest paid to Consolidated Fund in respect of Debentures issued 234,159 13 8 44 9 7 interest under subsection (8) of section 191 of the Land Act, 1908 46 14 4 935 13 8 63,154 7 7 Section 90 of the New Zealand State-guaranteed Advances Act, 1909,— Interest Sinking Fund 9,418 16 3 66,856 11 7 76,275 7 10 64,090 1 3 Balanoe at end of Year, — Cash in the Public Account 47,672 0 4 66,039 13 0 £1,167,181 11 7 Totals £2,236,347 7 0 .st March, 1912. ,CT ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 3 £ s. d. The New Zealand Loans Aot, 1908,— The Maori Land Settlement Aot, 1905— Debentures matured 1st January, 1911, redeemed £ s. d. £ s. d. 450 0 0 5 18 9 The Maori Land Settlement Aot, 1905,— Charges and Expenses authorized by the New Zealand Loans Aot, 1908— On renewals 3,844 0 11 Balance at end of Year, — Cash in the Publio Aeoount 3,844 0 11 Totals £4,299 19 8 £3,844 0 11

8.—6

26

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-1913. £ s. d. ' 44,300 17 8 Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. 1,823 14 0 Imprests in the hands of the Officers of the Government — In the Dominion .. .. .. .. .. .. .. 2,524 12 10 ■ 4,348 6 10 £ s. d. 1,823 14 0 2,524 12 10 £ s. d. 21 12 0 44,322 9 8 4,348 6 10 254,500 0 0 Amount received from the New Zealand State-guaranteed Advances Office in terms of section 94 of the New Zealand State-guaranteed Advances Act, 1909.. .. .. 105,000 0 0 105,000 0 0 8,184 12 1 Amount received in respect of Survey Liens .. .. .. .. .. .. 22,912 8 9 22,912 8 9 2,116 4 4 Rents, &c. .. .. .. .. .. .. .. .. .. .. 3,503 11 5 3,503 11 5 Repayments of Advances by Maori Land Boards under section 274, Native Land Act, 1909,— Principal .. .. .. .. .. .. .. .. 93 15 0 Interest .. .. .. .. .. .. .. .. .. 389 5 0 93 15 0 389 5 0 483 0 0 483 0 0 £309,123 6 1 Totals .. .. .. .. .. .. .. £136,247 7 0 £136,247 7 0 STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION ACCOUNT foi £ s. d. Dr. 13,321 8 4 Balance at beginning of Year, — Cash in the Public Account Advances in the hands of Stock Agents— Cash .. In the hands of the High Commissioner — 3£-per-cent. Stock for sale £ s. d. Dr. 2,059 19 10 £ s. d. 475 8 9 828 18 8 15,000 0 0 Dr. 1,281 1 2 2,154 0 5 449,720 0 0 713 4 6 3J-per-cent. Inscribed Stock, — Issued for conversion of Debentures.. Issued for expenses of conversion 303,090 0 0 24,000 0 0 327,090 0 0 450,433 4 6 4-per-cent. Inscribed Stock, — Issued for expenses of conversion 950 3 6 £452,587 4 11 Totals £326,809 2 4

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the NATIVE LAND SETTLEMENT ACCOUNT for the Year ended 31st March, 1913, as compared with the Financial Year ended 31st March, 1912.

27

1911-1912. EXPENDITURE. 1912-1913. £ b. a. 333 4 1 Annual Appropriation,'— Vote 135—Native-land Purchase Expenses .. £ s. d. £ s. d. 49 7 4 50 0 0 Unauthorized 234,108 13 1 Expenditure under the Act 106,850 18 9 5,422 2 1 4,361 0 0 Payment to the New Zealand State-guaranteed Advanoes Office under section 95 of the New Zealand State-guaranteed Advanoes Act, 1909, — Interest Sinking Fund 14,555 7 0 5,161 0 0 19,716 7 0 9,783 2 1 3,000 0 0 7,500 0 0 Advances under section 274 of the Native Land Act, 1909, — Aotea District Maori Land Board Tokerau District Maori Land Board .. .. 10,500 0 0 Balance at end of Year, — Cash in the Publio Account Imprests in the hands of Officers of the Government — In the Dominion .. .. .. .. .... 1,823 14 0 2,524 12 10 4,348 6 10 9,630 13 11 9,630 13 11 Totals .. .. .. £309,123 6 1 £136,247 7 0 v ihe Year ended 31 1st Maboh, 1913, compared with the Financial Year ended 31st March, 1912. £ s. d. Scrip and Debentures converted into 3J-per-cent. Inscribed Stock, — Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Act, 1904 Aid to Public Works and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Act, 1910 Finance Act, 1909 , converted. £ 300,000 3,000 Amount converted. £ Kate. Premium. £ £ par 103 90 Bate. £ Premium. £ £ s. d. £ s. d. 300,000 par 700 0 0 232,780 0 0 3,000 103 90 205,530 0 0 10,710 0 0 303,090 0 0 449,720 0 0 303,000 90 Expenses Acoount, — Brokerage and Commission Disoount Stamp Duty Rent and Office Expenses Inoome Tax on dividends 303,090 0 0 39 5 9 579 8 9 2,973 0 11 506 10 8 62 7 6 1,775 0 0 6,358 13 1 456 0 5 105 0 0 8,757 1 0 4,098 6 1 )r. 2,059 19 10 Balanoe at end of Year, — Cash in the Public Account Advances in the hands of Stock Agents— Gash .. 14,962 1 4 14,060 13 2 828 18 8 901 8 2 Dr. 1,231 1 2 £452,587 4 11 Totals £326,809 2 4

8.—6

28

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-1913. £ s. d. £ s. d. £ a. d. 18,865 3 7 Balanoe at beginning of Year, — Gash in the Public Account 7,256 13 7 50,000 0 0 The New Zealand Loans Act, 1908,— The Local Bodies' Loans Act, 1908— Debentures issued for redemption of Debentures matured 1st June, 1911 0 11 9 13 8 6 754 15 7 237 16 1 100 14 9 Refunds under sections 64 and 72 of the Local Bodies' Loans Act, 1908, — CountiesCook Hokianga Kiwitea Waikohu .. Woodville * Boroughs— Eketahuna Palmerston 29 10 6 660 0 0 1,796 17 2 « £70,662 0 9 Totals £7,256 13 7

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS TO LOCAL BODIES ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912—continued.

29

1911-1912. EXPENDITURE. 1912-1913. £ s. d. Loans under the Looal Bodies' Loans Act, 1908, — Counties— Akitio Amuri Clifton Hawera Hawke's Bay Kawhia Opotiki Pahiatua .. .. Raglan RangHikei Stratford Waipa Waipawa Whangamomona Whangarei £ s. d. & s. d, 800 0 0 1,000 0 0 600 0 0 575 0 0 594 7 2 500 0 0 540 0 0 300 0 0 500 0 0 200 0 0 250 0 0 690 0 0 250 0 0 300 0 0 150 0 0 1,400 0 0 250 0 0 950 0 0 7,949 7 2 500 0 0 250 0 0 250 0 0 1,700 0 0 Boroughs— Dannevirke Lower Hufct Maori Hill Petone Whangarei 1,000 0 0 2,700 0 0 1,000 0 0 300 0 0 500 0 0 56 0 0 1,050 0 0 450 0 0 Road Boards — Mangawhero Okain's Bay Okotuku Pukekohe West Turanga 2,356 0 0 400 0 0 Drainage Boards— Hungahunga Oroua South Hautapu 300 0 0 50 0 0 350 0 0 400 0 0 w Total Loans 13,405 7 2 2,300 0 0 50,000 0 0 The New Zealand Loans Act, 1908,— The Looal Bodies' Loans Act, 1908— Debentures matured 1st June, 1911, redeemed Balance at end of Year, — Cash in the Publio Aooount .. .. 7,256 13 7 4,956 13 7 Totals £70,662 0 9 £7,256 13 7

8.—6

30

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-1913. £ s. d. £ s. d. £ s. d. 7,212 17 3 1,361 12 5 Balanoe at beginning of Year, — Oash in the Public Account .. .. .. .. .. 19,836 12 10 Imprests in the Hands of Officers of the Government— In the Dominion .. .. .. .. .. ■ 248 18 9 20,085 11 7 19,836 12 10 248 18 9 20,085 11 7 8,574 9 8 61,250 0 0 £69,824 9 8 Amount received from the New Zealand State-guaranteed Advances Office in terms of section 77 of the New Zealand State-guaranteed Advanoes Aot, 1909 .. .. 38,270 0 C 38,270 0 0 Totals ... .. .. .. .. .. £58,355 11 7 £58,355 11 7 STATEMENT of the RECEIPTS and EXPENDITURE of the HAURAKI PLAINS SETTLEMEN £ s. d. £ s. d. £ s. d. 22,044 11 3 620 17 1 Balance at beginning of Year, — Cash in the Publio Account Imprests in the hands of Officers of the Government— In the Dominion 7,445 1 9 76 9 2 7,521 10 11 22,665 8 4 Reoeipts under section 5 of the Hauraki Plains Aot, 1908, — Land Sales .. Perpetual Leases Miscellaneous .. .. .. .. 52 18 0 4,456 16 7 150 2 3 1,245 0 0 5,167 19 1 451 16 4 6,864 15 5 4,659 16 10 Amount reoeived from the New Zealand State-guaranteed Advanoes Office in terms of section 84 of the New Zealand State-guaranteed Advances Act, 1909 20,000 0 0 15,000 0 0 £47,325 5 2 Totals .. .. .. .. £29,386 6 4 STATEMENT of the RECEIPTS and EXPENDITURE of the ATIONAL iNDOWMEN 1 £ s. d. £ s. d. £ s. d. 66,149 8 0 Balance at beginning of Year, — Oash in the Public Aocount 63,446 5 3 91,096 5 6 Bents, &c, from National Endowment Lands .. 94", 965 6 2 £157,245 13 6 Totals £158,411 11 5 STATEMENT of the RECEIPTS and EXPENDITURE of the WORKER! £ a. d. Proceeds of sale of Workers' Dwellings under seotion 16 of the Workers' Dwellings Act, 1910 Total £ s. d. £ s. d. 2,958 8 3 £2,958 8 3

31

8.—6,

STATEMENT of the RECEIPTS AND EXPENDITURE of the OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912.

1911-1912. EXPENDITURE. 1912-1913. £ f>. d. 49,287 11 2 Annual Appropriation,— Vote 126—Roads to open up Grown Lands £ s. d. £ s. d. 47,951 0 8 451 6 11 Unauthorized Balance at end of Year, — Cash in the Public Acoount Imprests in the hands of Officers of the Government— In the Dominion 7,905 11 4 10,404 10 11 19,836 12 10 248 18 9 2,498 19 7 20,085 11 7 Totals £69,C24 9 8 £58,355 11 7 CCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31; it March, 1912. £ s. d. 37,142 2 4 £ s. d. £ s. d. 22,695 10 7 Expenditure under the Act Payment of Principal and Interest under section 84 of the New Zealand Stateguaranteed Advances Aot, 1909 .. .. .. 3,912 10 8 2,661 11 11 7,445 1 9 Balanoe at end of Year,— Cash in the Public Account Imprests in hands of Officers of the Government — In the Dominion 2,778 5 1 2,778 5 1 76 9 2 7,521 10 11 Totals £47,325 5 2 £29,386 6 4 .CCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31si March, 1912. £ s. d. 6,554 10 6 Annual Appropriation,— Vote 127 —Roads to open up National Endowment Lands £ s. d. £ s. d. 2,688 12 9 87,244 17 9 Expenditure under the Land Act, 1908 81,881 6 3 63,446 5 3 Balance at end of Year, — Cash in the Publio Acoount 73,841 12 5 Totals £157,245 13 6 £158,411 11 5 'WELLINGS ACCOUNT for the Year ended 31st March, 1913. £ s. d. £ s. d. £ s. d. Balance at end of Year— Cash in the Publio Aooount 2,958 8 3 Total £2,958 8 3

8.—6.

32

Table No. 1—continued.

1911-1912. RECEIPTS. 1912-1913. £ s. d. Balance at beginning of Year,— Cash in the Public Account £ s. d. £ s. d. The New Zealand Loans Act, 1908,— The New Zealand State-guaranteed Advances Acts, 1909-1910, — Advances to Settlers BranchAmount received in respect of £750,000 Loan authorized Instalment of 4-per-cent. Stock Loan Proceeds of Loan to pay oft advances obtained for redemption of Debentures Proceeds of 3$-por-cent. Stock for redemption of Debentures matured 1st April, 1912 Debentures matured 23rd October, 1912, renewed .. Amount received from the New Zealand State-guaranteed Advances Office for redemption of Debentures matured 1st April, 1912 Instalment received in respect of £1,675,000 Loan authorized Temporary advances on the security of Debentures issued Debentures issued for redemption of Debentures matured 1st December, 1911 Debentures matured 1st December, 1911, renewed Temporary advance on Reserve Fund Securities — Provision for Debentures matured 29th December, 1911 .. 3J-per-cent. Stock created for redemption of Debentures maturing 1st April, 1912 750,000 0 0 137,618 0 0 117,300 0 0 132,300 0 0 536,100 0 0 750,000 0 0 2,328,204 0 0 173,865 0 0 500,000 0 0 20,000 0 0 255,000 0 0 37,186 0 0 117,300 0 0 140,000 0 0 1,206,165 0 0 Advanoes to Workers Branch— Amount reoeived in respect of £750,000 Loan authorized Instalment of 4-per-cent. Stock Loan Proceeds of Sale of 3J-per-oent. Stook for redemption of Debentures matured 1st April, 1912 Debentures issued Amount received from New Zealand State-gaaranteed Advances Office for redemption of Debentures matured 1st April, 1912 Temporary advanoes Instalment received in respeot of £325,000 Loan authorized Debentures matured 1st January, 1912, renewed 750,000 0 0 103,213 0 0 133,500 0 0 7,000 0 0 1,101,056 0 0 7,343 0 0 100,000 0 0 33,735 0 0 205,000 0 0 238,735 0 0 Land for Settlements Branch— Proceeds of 4-per-cent. Stock Loan for redemption of Debentures maturing 1st April, 1913 Instalments of 4-per-cent. Stook Loan Amount in respect of £210,000 Loan authorized 50,000 0 0 206,427 0 0 210,000 0 0 466,427 0 0 Local Authorities Branch — Instalment of 4-per-oent. Stock Loan 275,236 0 0 Guaranteed Mining Advances BranchDebentures issued 10,000 0 0 4 0 3 Interest on overdue Instalments 1 1 11 The New Zealand Loans Act, 1908,— Prooeeds of Sale of 4-per-cent. Insoribed Stock created to cover expenses of raising Loan— £> Advances to Settlers Branch .. .. .. .. 867,300 Advances to Workers Branoh .. .. .. .. 750,000 Land for Settlements Branch .. .. .. .. 210,000 3J-per-cent. Inscribed Stock created to cover expenses of raising £2,000,000 Loan 27,763 4 0 24,008 6 1 6,722 6 6 58,493 16 7 76,514 14 2 11,521,418 14 5 Totals £4,371,717 18 6

33

B.— 6

STATEMENT of the RECEIPTS and EXPENDITURE of the NEW ZEALAND STATE-GUARANTEED ADVANCES LOAN ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912.

s—B. 6.

1911-1912. EXPENDITURE. 1912-1913. £ s. d. Amounts paid over to the State-guaranteed Advances Office Account on account of Loan, — Advances to Settlers Branch Advances to Workers Branch Land for Settlements Branch Guaranteed Mining Advances Branch £ s. d. £ a. 588,865 0 0 33,735 0 0 310,000 0 0 757,000 0 0 384,497 0 0 10,000 0 0 1,461,497 0 622,600 0 0 20,000 0 0 255,000 0 0 117,300 0 0 85,000 0 0 The Government Advances to Settlers Act, 1908, — Advances to Settlers Branoh— Debentures matured 1st April, 1912, redeemed Debentures matured 23rd October, 1912, renewed Debentures matured 1st December, 1911, redeemed Debentures matured 1st December, 1911, renewed Debentures matured 29th December, 1911, redeemed Debentures matured 15th January, 1912, redeemed.. 676,100 0 0 750,000 0 0 477,300 0 0 1,426,100 0 0 Advances to Workers Branoh— Debentures matured 1st April, 1912, redeemed 133,500 0 0 The New Zealand State-guaranteed Advances Acts, 1909-1910, — Charges and Expenses authorized by the New Zealand Loans Aot, 1908 — On issue of Debentures and Stock— £ s, d. I Advances to Settlers Branch .. .. .. .. 27,763 14 5 Advances to Workers Branch .. .. .. .. 24,008 15 1 Land for Settlements Branch .. .. .. .. 6,722 9 0 76,518 14 5 7,700 0 0 On redemption of Debentures— Advances to Settlers Branoh .. .. .. .. 29,486 10 0 Advances to Workers Branch .. .. .. .. 7,345 10 0! 58,494 18 6 36,829 0 0 84,218 14 5 i 95,323 18 6 I The New Zealand State-guaranteed Advances Aot, 1909, — Advances to Settlers Branch— Temporary advances repaid .. .. .. .. 500,000 0 0 Temporary advances on Reserve Fund securities repaid .. 117,300 0 0 ,' Advances to Workers Branch— Temporary advances repaid 617,300 0 0 100,000 0 0 717,300 0 0 205,000 0 0 The Government Advances to Workers Act, 1906, — Debentures matured 1st January, 1912, renewed 132,300 0 0 Balance at end of Year, — Cash in the Public Aocount 537,997 0 0 Totals :i,521,418 14 5 £4,371,717 18 6

B.—o

34

Table No. 1- continued.

1911-1912. RECEIPTS. 191: 1913. £ s. d. Balance at beginning of Year, — Cash in the Public Account .. .. .. Imprests in the hands of Officers of the Government — In the Dominion £ s. d. £ s. d. 25,715 10 10 12,931 18 1 JLXJ U-ij-\j ,uwjiiii ' lvii - a • • * > ■ ■ • ■ •« i> 1,248 11 9, 14,180 9 10 25,715 10 10 605 7 5 Receipts under the Eangitaiki Land Drainage Act, 1910 621 10 7 Advances received from the New Zealand State-guaranteed Advances Offioe under Section 5 of the Rangilaiki Land Dran'nagp Act, 1910 10,000 0 0 £26,320 18 3 Totals £24,802 0 5 STATEMENT of the RECEIPTS and EXPENDITURE of the BANK OP NEW ZEALA1S STD ACT. 1903 £ s. d. £ s. d. £ s. a 500,000 0 0 Balance at beginning of Year, — Investment Account 500,000 0 0 £500,000 0 0 Totals £500,000 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the RESERVE FUl STD ACCOUNT £ s. a. 800,000 0 0 £ 00,0< iOO.O s. a too o < DOO 0 a. Balance at beginning of Year, — 0 Investment Acoount The Public Revenues Act, 1910,— The Reserve Fund Securitiea Act, 1907, and New Zealand Loans Act, 1908 — Debentures matured l»t August, 1912, renewed 0 Tota!s £ s. d. nnincf nf Ypn.T — .nmng or Year, — Lcoount rflmiPB Ap.t. 1910.— 'enues Act, iaiu, — Fund Securities Act, 1907, and New Zealand Loans Act, 1908 — 3 matured l»t August, 1912, renewed .. ] £ s. d. i. j £ s. a. 800,000 0 0 800,000 0 0 I £1 I 1,| £800,000 0 0 £1,600,000 0 0 S ACCOUN' STATEMENT of the RECEIPTS and EXPENDITUKE ot the NEW ZEALJ! &ND CONSOI £ s. d. £ s. d. £ s. d. 1 14 0 462,165 0 0 Balance at beginning of Year, — Cash in Deposit Account .. Investment Account 6 14 0 474,105' 0 0 462,166 14 0 474,111 14 0 11,945 0 0 Deposits inscribed 1,780 0 0 Totals £474,111 14 0 £475,891 14 0 The Treasu: , Wellington, 26th A iril, 1913.

35

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the RANGITAIKI LAND DRAINAGE ACCOUNT for the Year ended 31st March, 1913, compared with the Financial Year ended 31st March, 1912.

1911-1912. EXPENDITURE. 191! 1913. £ s. d. 12,140 8 5 £ s. d. £ s. d. 15,203 6 0 12,140 8 5 Expenditure under the Aot .. Balance at end of Year, — 12,931 18 1 Cash in the Public Account .. .. .. ,, 7 g Imprests in the hands of Officers of the Government— 1,248 11 9 In the Dominion .. .. ,. ,. i g 12,931 18 1 7,914 8 2 9,598 14 5 1,248 11 9 1,634 6 3 14,180 9 10 14,180 9 10 it,iou u ±\j £26,320 18 3 Totals £26,320 18 3 £24,802 0 5 ACCOUNT for the Year ended 31st Maech, 1913, compared with the Financial Year ended 31st Mabch, 1912. £ s. d. Balance at end of Year, — 500,000 0 0 Investment Account £500,000 0 0 Total? £ *. d. £ s. d. 500,000 0 0 £500,000 0 0 for she Year ended i 31st JIabch, 1913. compared with the Financial Year ended 31st March, 191J. & s. d. The Reserve Fund Securities Act, 1907, and New Zealand Loans Act, 1908Debentures matured 1st August, 1912, renewed The Reserve Fund Securities Act, 1907, and New Zealand Loans Act, 1908— Debentures matured Jst August, 1912, renewed £ s. d. £ s. d. \ 800,000 0 0 Balance at end of Year, — Investment Account 800,000 0 0 Balance at end of Year, — Investment Account 800,000 0 0 £800,000 0 0 Totals Totals £1,600,000 0 0 for the Year andi id Slst March, 1913, compared with the Financial Year ended 31st Maech, 1912. £ s. d. £ s. d. £ s. a. 6 14 0 474,105 0 0 Balance at end of Year, — Cash in Deposit Account .. Investment Account 6 14 0 475,885 0 0 474,111 14 0 475,891 14 0 £474,111 14 0 Totals £475.891 14 0 G. F. C. Campbell, Secretary to the Treasury. Examined and found correct. Eobbrt J. Collins, Controller and Auditor-General. A. O. GlBBBS, Accountant to the Treasury.

B.— 6

36

Table No. 1— continued. SUMMARY of BALANCES on 31st MARCH, 1913.

Balances. Cash. Imprests. Investmknts. Total. Consolidated Fund :— Ordinary Revenue Account State Forests Account State Coal-mines Account Scenery Preservation Account .. Naval Defence Act Account Accounts of Local Bodies Deposit AooonntB £ s. d. 709,508 5 0 25,943 8, 3 51,067 8 6 332 9 8 62,860 16 3 8,294 18 11 143,760 4 4 S a. d. Consolidated Fund: — Ordinary Revenue Account State Forests Account.. State Coal-mines Account Scenery Preservation Account .. Naval Defence Act Account Accounts of Local Bodies Deposit Accounts £ s. d. i 678,173 5 11 25,712 7 9 50,680 15 6 332 9 8 15,860 16 3 8,294 18 11 i 143,528 16 4 £ 9. a. 31,334 19 1 231 0 6 386 13 0 47,000 0 0 231 8 0 £ h. d. £ s. d. 709,508 5 0 25,943 8 3 51,067 8 6 332 9 8 62,860 16 3 8,294 18 11 143,760 4 i 1,001,767 10 11 922,583 10 4 79,184 0 7 1,001,767 10 11 Poblic W0BK8 Fond 626,741 8 7 Public Works Fund 626,741 8 7 573,959 6 5 52,782 2 2 Wellington-Hutt Railway and Road Improvement Account . . The Railways Improvements Account The Waihou and Ohinemuri Rivers Improvement Account .. Aid to Water-powee Works Account Irrigation and Water-supply Account Native Land Settlement Account Land fob Settlements Account.. Maori Land Settlement Act Account Cheviot Estate Account Loans to Local Bodies Account Opening up Crown Lands for Settlement Account .. Hacraki Plains Settlement Account National Endowment Account .. Rangitaiki Land Drainage Account Workers' Dwellings Account .. Conversion Account New Zealand State - guaranteed Advances Loan Account New Zealand Consols Account.. Reserve Fund Account.. Bank of New Zealand Act, 1903, Account Silver and Bbonze Coin Account 2,476 15 6 93 17 0 91,091 1 2 14,990 16 6 311 9 6 9,630 13 11 47,672 0 4 3,844 0 11 73,879 1 3 4,956 18 7 Wellington-Hutt Railway and Road Improvement Account .. The Railways Improvements Ac COUNT The Waihou and Ohinemuri Rivers Improvement Account .. Aid to Water poweb Works Account Ibkigation and Water-supply Account Native Land Settlement Account Land fob Settlements Account. . Maori Land Settlement Act Account Cheviot Estate Account Loans to Local Bodies Account Opening up Crown Lands fob Settlement Account Haubaki Plains Settlement Account National Endowment Account .. Rangitaiki Land Drainage Account Workers' Dwellings Account .. Conversion Account :. New Zealand State - guaranteed Advances Loan Account New Zealand Consols Account.. Reserve Fund Account Bank of New Zealand Act, 1903, Account Silver and Bronze Coin Account General Sebyices Account 2,476 15 6 93 17 0 31,091 1 2 14,990 16 6 311 9 6 9,630 13 11 47,672 0 4 3,844 0 11 23,879 1 3 4,956 13 7 60,000 0 0 50,000 0 0 2,476 15 6 93 17 0 91,091 1 2 14,990 16 6 311 9 6 9,630 13 11 47,672 0 4 3,844 0 11 73,879 1 3 4,956 13 7 10,404 10 11 7,905 11 4 2,498 19 7 10,404 10 11 2,778 5 1 73,841 12 5 2,778 5 1 73,841 12 5 2,778 5 1 73,841 12 5 9,598 14 5 I 2,958 8 3 14,962 1 4 7,914 8 2 2,958 8 3 14,060 13 2 1,684 6 3 90i" 8 2 9,598 14 5 2,958 8 3 14,962 1 4 537,997 0 0 475,891 14 0 800,000 0 0 537,997 0 0 6 14 0 475,885 0 0 800,000 0 0 537,997 0 0 475,891 14 0 800,000 0 0 500,000 0 0 16,095 0 0 16,095 0 0 99,671 11 7 500,000 0 0 500,000 0 0 16,095 0 0 Cr. 99,671 11 7 Total .. 4,321,982 15 7 Totals .. £2,183,280 7 3 £252,817 8 4 £1,885,885 0 0 £4,321,982 15 7

37

8.—6

Table No. 2. Comparative Statement of the Estimated and Actual Receipts and Expenditure of the Consolidated Fund (Revenue Account) for the Financial Year ended 31st March, 1913.

Differences. Estimated. Actual. More Less than Estimate, than Estimate. RECEIPTS. i Revenue Account:— Customs Railways Stamps Postal and Telegraph Land-tax Income-tax Beer Duty Registration and other Pees Marine Miscellaneous Territorial Revenue National Endowment Revenue £ s. d. 3,200,000 0 0 3,745,000 0 0 898,800 0 0 1,141,000 0 0 650,000 0 0 450,000 0 0 119,000 0 0 95,165 0 0 47,000 0 0 369,530 0 0 173,495 0 0 59,414 0 0 £ s, d. 3,407,538 1 3 3,968,349 12 5 1,052,346 17 9 1,167,977 8 3 728,636 7 3 462,993 17 4 124,222 18 4 93,929 16 0 52,764 18 9 361,339 1 11 254,509 9 8 59,413 19 7 £ s. d. 207,538 1 3 223,349 12 5 153,546 17 9 26,977 8 3 78,636 7 3 12,993 17 4 5,222 18 4 £ s. d. 1,235 4 0 5,764 18 9 8,190 18 1 81,014 9 8 0 0 5 10,948,404 0 0 11,734,022 8 6 795,044 11 0 9,426 2 6 9,426 2 6 Beooveries on aocount of Expenditure of previous years 248 9 9 785,618 8, 6 Totals 10,948,404 0 0 11,734,270 18 3 785,618 8 6 EXPENDITURE. Revenue Account :— Permanent Appropriations,— Civil List Interest and Sinking Fund Undes Special Acts Subsidies paid to Local Authorities Territorial Revenue Endowments Old-age Pensions Widows' Pensions £ s. d 35,500 0 0 2,749,851 0 0 561,560 0 0 111,000 0 0 37,577 0 0 159,019 0 0 412,176 0 0 40,000 0 0 £ s. d. 33,492 18 4 2,717,013 3 4 574,440 15 5 110,527 14 6 41,316 18 1 156,248 5 7 397,037 7 11 22,108 3 0 £ s. d. 12,880 15 5 £ s. d 2,007 1 8 32,837 16 8 472 5 6 3,739 18 1 2,770 14 5 15,138 12 1 17,891 17 0 4,106,683 0 0 4,052,185 6 2 16,620 13 6 71,118 7 4 Annual Appropriations,— Legislative Departments Department of Finance Post and Telegraph Department .. Working Railways .. j Public Buildings, Domains, &c. Native Department Justice Department Mines Department Department or Internal Affairs Defence Department Customs, Marine and Harbours, &c. Department of Labour Department of Lands and Survey .. Department of Agriculture, Industries, and Commerce Education Department Services not provided for 32,487 0 0 57,515 0 0 1,060,901 0 0 2,547,446 0 0 ♦223,350 0 0 118,707 0 0 26,389 0 0 408,547 0 0 34,792 0 0 331,909 0 0 481,462 0 0 141,854 0 0 30,065 0 0 331,467 0 0 35,517 4 3 55,025 18 11 1,066,772 4 1 I 2,817,140 17 7 117,703 4 9 23,668 3 2 404,316 4 9 29,947 12 6 314,599 2 6 505,267 2 3 134,019 18 4 29,177 5 6 231,245 8 2 3,030 4 3 5,871 4 1 46,344 17 7 23,805 2 3 2,489 1 1 1,003 15 3 2,720 16 10 4,230 15 3 4,844 7 6 17,309 17 6 7,834 1 8 887 14 6 100,221 11 10 184,421 0 0 1,111,009 0 0 178,904 1 3 1,084,041 15 9 2,506 15 0 §,516 IS 9 26,967 4 3 2,506 15 0 7,122,321 0 0 7,029,852 18 9 81,558 3 2 174,026 4 5 Totals 98,178 16 8 245,144 11 9 98,178 16 8 146,965 15 1 11,229,004 0 0 11,082,038 4 11 * Additional amount appropriated in terms of sec otion 45 of the Public Kevenues Act, 1910. RESULTS OF Actual receipts, 1912-13 Actual expenditure, 1912-13 I , YEAR. £ a. d. £ s. d. .. 11,734,270 18 3 .. 11,082,038 4 11 s. d. Excess of reoeipts over expenditure Balance, 31st March, 1912 652,232 14 4 807,275 11 8 652,232 14 4 807,275 11 8 Total 1,459,508 6 0 Transferred to Public Works Fund 750,000 0 0 Balance, 31st Maroh, 1913 £709,508 6 0

B.— 6

38

Table No. 3. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1913.

Amount outstanding. Due Date. Sinking Funds. Net Indebted- i -r, NESS. R, Annual Charge. Remarks. te. Amount. When payable. Int. S.P. Canterbury Loan Ordinance, 1862 .. j 3,000 12,200 i £ 15,200 ( 2 Jan., 1915 I 2 July, 1916 1 July, 1919 31 Oct., 1917 (30 Sept., 1915 "(30 Sept.. 1915 1 May, 1918 1 May, 1915 1 Feb., 1917 1 May, 1915 1 Feb.. 1917 1 Jan., 1922 30 Jure, 1918 f 1 Jan., 1918 \ 1 Jan., 1918 { 1 Jan., 1921 1 Jan., 1921 j ( 1 April, 1910 \ 1 April, 1918 ! ( 1 April. 1919 I 1 April, 1919 f 1 Aug., 1915 I Uan., 1916 ,30 June. 1915 30 June. 1914 1 Mar.. 1915 30 June, 1915 " 1 Aug.. 1915 1 Feb , 1917 30 June, 1917 - lJan.. 1922 30 June, 19151 1 Mar., 1915 1 Feb., 1917 1 Feb., 1922 1 Feb., 1923 , 1 Feb., 1917 1 Jan., 1918 I 1 Feb., 1917 ! 1 Jan., 1918 1 Jan., 1919 j 1 Jan., 1919 ! 1 Jan., 1920 i V 1 Jan., 1920 : ! £ 23,838 £ Cr. 8,638 o/ a> 6 o/ A3 1 £ 1,064 30 June and 31 Dec. District Railways Purchasing Acts, 1885-86 Native Land Purchases Act, 1892 Lands Improvement and Native Lands Acquisi- i tion Act, 1894 ( t Hutt Railway and Road Improvement Acts, 1903, 1905, 190Y, arrfi 1910 398,000 2,000 100,000 117,000 42,590 10,000 12,600 17,300 5,190 25,650 23,900 150,000 { \ 40,000 125,000 400,000 304,680 I 40,000 125,000 398,000 2,000 100,000 117,000 42,590 10,000 12,600 17,300 5,190 25,650 23,900 150,000 50,000 30,000 10,000 110,000 25,000 4 Bi 4 4 4 4 4 4 33 1,600 1 Jan. .. 1 July. 4,687 30 April .. 31 Oct. 13,930 31 Mar. „ 30 Sept. 80 31 Mar. . 30 Sept. 3,500 1 May ., 1 Nov. 4,095 1 May „ 1 Nov. 1,491 1 Feb. „ 1 Aug. 400 ; 1 May „ 1 Nov. 504 1 Feb. „ 1 Aug. 692 j 1 Jan. „ 1 July. 207 ! 30 June „ 31 Dec. 898 1 Jan. „ 1 July. 956 i 1 Jan. „ 1 July. 6,000 ! 1 Jan. .. 1 July. 1,750 1 Jan. „ 1 July. 1,050 j 1 April ,. 1 Oct. 350 ' 1 April „ 1 Oct. 4,125 ! 1 April „ 1 Oct. 937 ! 1 April , 1 Oct. 62 1 Feb. „ 1 Aug. Maori Land Settlement Act, 1905 .. -I Maori Land Settlement Act Amendment Aot, 1907 Coal-mines Act, 1908 .. .. .. • \ 199,550 50,000 30,000 10,000 110.000 j 150,000 Coal-mines Act, 1908 (Appropriation Act, 1912) .. Dairy Industry Act, 1908 .. .. j 438 1,343 110,000 75,000 1,600 30,000 2,000 3,300 17,500 68,100 50,000 1,200 20,600 1,500 1,700 50,350 11,150 3,000 17,490 17,560 10,000 4,980 5,000 I 25,000 1,781 I 1,781 3* Government Railways Act, 1908 — Railways Improvements Authorization Acts, 1904-7 Finance Act, 1909 .. .. .. -j 307,500 75,000 110,000 75,000 1,600 30,000 2,000 3,300 17,500 68,100 50,000 1,200 20,600 1,500 1,700 50,350 11,150 3,000 17,490 17,560 10,000 4,980 5,000 3J 4 4 4 4 4 4 4 4 4 4 4 34 4 4 4 8f 3,850 ; 30 June , 31 Dec. 3,000 30 Jui e „ 31 Dec. 64 1 Mar. „ 1 Sept. 1,200 30 June „ 31 Deo. 80 1 Feb. , 1 Aug. 132 IFeb. „ 1 Aug. 700 30 June „ 31 Dec. 2,724 ' 1 Jan. „ 1 July. 1,750 30 June ,. 31 Dec. 48 1 Mar. ,. 1 Sept. 824 1 Feb. „ 1 Aug. 60 1 Feb. „ 1 Aug. 68 1 Feb. ,. 1 Aug. 1,762 1 Feb. „ 1 Aug. 390 J 1 Jan. „ 1 July. 120 1 Feb. „ 1 Aug. 699 1 Jan. „ 1 July. 702 1 Jan. ,. 1 July. 375 1 Jan. „ 1 July. 199 1 Jan. „ 1 July. 187 Uan. ,. 1 July. Government Railways Amendment Act, 1910 •< 119,530 V Carried forward 1,813,241 67,312 23,838 ! 1,789,403

39

8.—6

Table No. 3 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1913 — continued.

Annual Charge. Amount outstanding. Doe Date. Sinking Funds. Indebtedness. Rate. ; Int. j S.P. Ainouut. Wheu payable. Remarks. I £ £ 1,813,241 £ 23,838 £ 1,789,403 % 81 % £ 67,312 8,761 Brought forward Local Bodies' Loans Act, 1908 — Government Loans to Local Bodies Act, 1886 .. 250,300 1 Sept., 1914 250,300 1 Mar. and 1 Sept. Gocal Bodies' Loans Act, 1908 .. .. -j II New Zealand Consols Act, 1908.. '.'. | 250,000 790,000 395,000 416,000 50,000 6,745 469,146 j- 1,901,000 / 1 Mar., 1915 1 Jan., 1916 \ 1 Mar., 1916 1 Mar., 1918 { 1 June, 1918 250,000 790,000 395,000 416,000 50,000 | 6,745 | 469,146 34 3* 31 34 4 8,750 27,650 13,825 14,560 1,750 236 18,766 j 1 Mar. ,. 1 Sept. 1 Mar. „ 1 Sept. 1 Mar. ., 1 Sept. 1 Mar. „ 1 Sept. 1 Juue „ 1 Dec. 1 Feb. ,. 1 Aug. 1 Feb. „ 1 Aug. I 475,891 1 1 Feb., 1925 New Zealand Loans Act, 1908 — New Zealand Loan Act, 1863 Consolidated Loan Act, 1867.. 266,300 13,000 15 July, 1914 15 April, 1913 251,570 14,730 13,000 i I I 1 15,978 520 15 Jan. „ 15 July. 15 April „ 15 Oct. Defence and other Purposes Loan Act, 1870 i 8,100 75,000 16,900 ■ !■ 100,000 ( Uuly, 1917 J15 April, 1913 [ Uuly. 1917 8,100 75,000 16,900 34 4 4 284 3,000 676 1 Jan. „ 1 July. 15 April „ 15 Oct. 1 Jan. „ 1 July. Immigration and Public Works Loan Act, 1870 j 363,000 27,900 1 390,900 (15 April, 1913 \ 15 April, 1913 •■ 363,000 ! 27,900 4 44 14,520 1,256 15 April „ 15 Oct. 15 April „ 15 Oct. General Purposes Loan Act, 1873 .. \ 17,400 10,800 54,700 I 82,900 15 Oct., 1913 15 May, 1914 28 Nov., 1914 " 17,400 10,800 54,700 4 4 5 696 432 2,735 15 April „ 15 Oct. 15 May „ 15 Nov. 15 May „ 15 Nov. New Zealand Consolidated Inscribed Stock -j 29,236,808 15,500,245 6,600,815 I 1,900,000t j-53,237,868* / 1 Nov., 1929 ' 1 Jan., 1940 1 1 April, 1945 ( 1 Feb., 1963 29,236,808 15,500,245 6,600,815 1,900,000 4 34 3 4 1,169,472 542,508 198,024 76,000 1 May ,. 1 Nov. 1 Jan. „ 1 July. 1 April „ 1 Oct. 1 Feb. „ 1 Aug. *Does not include £1,158,494 4-per-cent., £2,028,687 3J-per-cent., and £3,059,165 3-per-cent. stock taken over by the State-guaranteed Advances Office. Consolidated Stock Act, 1884 .. .. j Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Act, ' 1900 194,200 385,500 165,000 [ 744,700 I 1 Feb., 1919 J 31 Dec, 1914 ( 1 Jan., 1916 194,200 385,500 ! 165,000 34 31 31 7,282 13,493 5,775 1 Feb. „ 1 Aug. 1 Mar. „ 1 Sept. 1 Mar. „ 1 Sept. 56,500 200,000 2,000 500 41,600 51,500 200, 000 J 15 Aug., 1921 / 1 May, 1916 1 Julv, 1914 J 1 May, 1919 ] 1 Feb., 1915 1 May, 1916 \ 1 May, 1923 200,000 56,500 200,000 2,000 500 41,600 51,500 31 31 34 4 4 4 4 7,000 1,977 7,000 80 20 1,664 2,060 2,234,062 15 Feb. „ 15 Aug. 1 May „ 1 Nov. 1 Jan. „ 1 July 1 May „ 1 Nov. 1 Feb. „ 1 Aug. 1 May .. 1 Nov. 1 May „ 1 Nov. {Loan may be paid oS at any time on six months' notice being given. L 352,100 j Carried forward 59,828,200 275,408 59,552,792 f 4-per-cent. stock raised under the following Acts : The Aid to Public Works and Land Settlement Act, 1901, £1,000; the Aid to Public Works and Land Settlement Act, 1902, £203,100; thi yd to Public Works and Land Settlement Aot, 1906, £40,000 ; the Aid to Public Works and Land Settlement Act, 1912, £1,242,900; the Coal-mines Aot, 1908 (Appropriation Act, 1912), £50,000; anc ihe Immigration and Public Works Loan Act, 1870, £363,000. Government may redeem on 1 February, 1943, or after, on three months' notice.

8.—6

40

Table No. 3 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1913— continued.

Annual Charge. Amount outstanding. Due Date. Sinking Funds. Indebted- -„„<. ness. Eate^ Int. j S. Remarks. When payable. S.F. £ £ 59,828,200 275,408 59,552,792 O/ /o % £ 2,234,062 Brought forward New Zealand Loans Aot, 1908 — continued. 32,600 117,700 52,800 2,500 8,100 10,000 300 128,000 70,500 266,300 3,000 61,525 30,000 1,000 25,000 1,000 198,465 200,000 12,900 12,500 299,800* / Uan., 1916 1 July, 1914 1 Dec, 1918 4 1 Dec ,1918 1 Dec.,1918 1 Dec, 1916 V 1 Jan., 1916 1 Deo., 1917 1 Dec, 1919 1 Dec, 1922 1 Jan., 1922 ' 1 Jan., 1916 1 July, 1914 1 Jan., 1914 30 June, 1914 1 Jan., 1915 " 1 Jan., 1916 1 Feb., 1916 1 Jan., 192-2 1 Jan., 1923 1 Feb., 1924 32,600 117,700 52,800 2,500 8,100 10,000 300 128,000 70,500 266,300 3,000 61,525 30,000 1,000 25,000 1,000 198.465 200,000 12,900 12,500 299,800 4 4 4 4 i 4 4 4 4 4 4 1,141 4,119 2,112 87 304 400 12 4,800 2,820 10,652 120 2,153 1,050 40 1.000 40 7,938 8,000 516 500 11,992 I 1 Jan. and 1 Jan. 1 June ,. 1 June „ 1 June „ 1 June „ 1 Jan. 1 June „ 1 June „ 1 June „ 1 June „ 1 Jan. 1 Jan. 1 Jan. „ 30 June „ 1 Jan. „ 1 Jan. „ 1 Feb. „ 1 Jan. 1 Jan. 1 Feb. „ 1 July. 1 July. 1 Dec. 1 Deo. 1 Dec. 1 Dec. 1 July. 1 Dec. 1 Dec. 1 Dec. 1 Dec. 1 July. 1 July. 1 July. 31 Dec. 1 July. 1 July. 1 Aug. 1 July. 1 July. 1 Aug. Aid to Public Works and Land Settlement AotJ 1901 ' f 224,000 I 467,800 1 Aid to Public Works and Land Settlement Act, - 1902 f Aid to Public Works and Land Settlement Act,-] 1903 Aid to Public Works and Land Settlement Aot, 1904 Aid to Public Works and Land Settlement Act, J 1905 1 ( I i [ 1I 842,190 ] "Loan may be paid off at an; time on six months' notioi being given. Aid to Public Works and Land Settlement Act,-< 1906 500,000 210,000 500,000 61,750 8,650 29,400 5,000 355,200 200,000 16,100 178,900 605,000 50,000 100,000 100,000 565,500 ! 710,000 I - 960,000 1 July, 1914 I 1 July, 1916 I 1 Jan., 1921 I 1 Jan., 1922 1 Jan., 1919 J 1 Jan., 1919 1 Jan., 1919 1 Jan., 1917 V 1 Jan., 1922 I 1 Jan., 1922 J 1 Jan., 1915 1 1 Jan., 1922 ( 1 Jan., 1923 ( 1 April, 1916 \ 1 July, 1914 113 Nov., 1913 31 Dec, 1914 565,500 500,000 210,000 500,000 61,750 8,650 29,400 5,000 355,200 200,000 16,100 178,900 605,000 50,000 100,000 100,000 189,100 3* 4 3} 4 4 4 4 4 4 19,793 20,000 8,400 17,500 2,161 324 1,176 200 14,208 7,000 644 7,156 24,200 1,750 3,500 4,000 6,618 1 Jan. „ 1 Jan. 1 Jan. „ 1 Jan. 1 Jan. „ 1 Jan. „ 1 Jan. „ 1 Jan. 1 Jan. 1 Jan. Uan. „ 1 Jan. „ 1 Jan. 1 April „ 1 Jan. „ 13 May „ 1 Jan. „ 1 July. 1 July. 1 July. 1 July. 1 July. 1 Juiy. 1 July. 1 July. 1 July. 1 July. 1 July. 1 Julv. 1 July. 1 Oct. 1 July. 13 Nov. 1 July. Aid to Public Works and Land Settlement Act, \ 1907 f 1,000,000 I Aid to Publio Works and Land Settlement Act, \ 1908 ( Aid to Public Works and Land Settlement Act, 1910 [ 250,000 189,100 Carried forward 65,036,790 275,408 64,761,382 2,432,488

8.—6

Table No. 3—continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1913— continued.

6—B. 6.

41

Annual Chabge. Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. ,te, Amount. "When payable. Remarks. Int. S.P. £ £ 65,036,790 275,408 I £ 64,761,382 50,000 50,000 1,226,000 25,000 49,000 953,500 433,500 % % £ 2,432,458 1,875 1,875 42,910 1,000 1,837 33,372 15,172 67,340 8,309 Brought forward Aid to Public Works and Land Settlement Act, J 1911 1 50,000 50,000 1,226,000 25,000 49,000 1,400,000 31 Mar., 1914 31 Mar., 1920 - 1 July, 1914 1 Dec, 1919 1 Jan., 1920 (31 Dec, 1914 ■j 1 July, 1914 1 April, 1915 31 Si Si 1 June and 1 Dec. 1 June „ 1 Dec. 1 Jan. „ 1 July. 1 June „ 1 Dec. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. The Naval Defence Act, 1909* .. .. j 953,500 433,500 J 1,387,000 ! 'Sinking Fund payable on. £1,683,500 for 1913-14. .. 4 Finance Act, 1909 Public Revenues Act, 1910 (Reserve Fund Securities Act, 1907) .. Post and Telegraph Act, 1908 Public Works Act, 1908— Paeroa-Waihi Railway Act, 1903 Waikaka Branch Railway Act, 1905 Scenery Preservation Act, 1908 .. \ 237,400 J 237,400 I 34 1 Jan. and 1 July. 800,000 200,000 1 Aug., 1917 1 July, 1915 •• 800,000 200,000 34 28,000 7,000 1 Feb. „ 1 Aug. 1 Jan. „ 1 July. •• 30,000 10,000 20,000 86,250 53,476 I- 60,000 31 Mar., 1919 1 May, 1915 f 1 May, 1918 \ 1 Nov., 1916 ( 1 May, 1919 1 May, 1918 86,250 53,476 ! 30,000 I 10,000 20,000 2,000 3 3 34 8J 3^ 2,587 1,604 1,050 350 750 70 31 Mar. „ 30 Sept. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May » 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. State Pice Insurance Act, 1908 Wellington-Manawatu Railway Purchase Act, 1908 Waihou and Ohinemuri Rivers Improvement Act, 1910 .. .. .. Appropriation Act, 1912 (Irrigation and Water- I supply Account) .. .. • ■ 1 The Aid to Water-power Works Act, 1910 The Public Debt Extinction Aot, 1910 2,000 500,000 IMar., 1916 500,000 J 4 20,000 1 Mar. „ 1 Sept. 10,000 5,000 100,000 j 15,000 1 Aug., 1918 1 Nov., 1919 100,000 f 10,000 1 5,000 50,000 j 3§ 3,500 ' 375 200 1,875 151,572 1 Feb. , 1 Aug. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. On £68,000,000 for 1913-14. 50,000 1 Nov., 1919 4 I - New Zealand State-guaranteed Advances Debt .. 69,927,916 20,132,847 90,060.763 275,408 932,978 69,652,508 19,199,869 88,852,377 2,825,111 722,156 Less Sinking Fund in respeot of— The Government Loans to Local Bodies Acts The War and Defence Loans The Public Debt Extinction Act, 1910 .. The Naval Defence Act, 1909 1,208,386 799,601 192,691 •300,936 102,028 3,547,267 Totals 90,060,763 1,395,256 2,603,642 \ 1,395, 256 3,547,267 87,457,121

8.—6

42

Table No. 4. Particulars of the Public Debt Transferred to the New Zealand State-guaranteed Advances Office, and Loans raised by, or on behalf of, that Office, for which the Dominion is indirectly liable, as at 31st March, 1913.

Annual Charge. Net IndebtedAmount outstanding. Due Date. Rate. Amount. ness. When payable. RAISED BY TREASURY AND TRANSFERRED. ADVANCES TO SETTLERS BRANCH. The Government Advances to Settlers Act, 1894. Extension, 1901. £ £ £ % £ 80,000 5 June, 1915 80,000 3| i 2,800 1 June and 1 December. 80,000 The Government Advances to Settlers Act, 1908. 105,000 1 June, 1915 , 105,000 3| 3,675 1 June and 1 December. 100,000 13 November, 1913 ' 100,000 4 4,000 13 May and 13 November. 12,900 1 January, 1914 12,900 4 516 1 January and 1 July. 17,500 15 January, 1914 j 17,500 4 700 15 January and 15 July. 100,000 1 March, 1916 ; 100,000 4 4,000 1 March and 1 September. 45,000 1 July, 1922 45,000 4 1,800 1 January and 1 July. 380,400 ! The New Zealand State-guaranteed Advances Acts, 1909-10. 1,675,000 31 December, 1914 ,1,675,000 I 3J I 58,625 1 January and I July. 70,000 1 December, 1914 ' 70,000 1 4 2,800 1 June and 1 December. 205,000 1 December, 1916 , 205,000 | 4 8,200 j 1 June and 1 December. 867,300 1 July, 1914 ' 867,300 I 3J 30,355 1 January and 1 July. 750,000 ■ 23 October, 1917 i 750,000 | 3| 28,125 23 April and 23 October. 3,567,300 The New Zealand Loans Act, 1908 New Zealand Consolidated Inscribed Stock. 27,763 1 November, 1929 27,763 4 1,111 1 May and 1 November. 880,181 1 January, 1940 880,181 j 3| | 30,806 1 January and 1 July. 2,990,000 1 April, 1945 2,990,000 j 3 j 89,700 1 April and 1 October. 200,000 1 February, 1963 ; 200,000 ! 4 8,000 1 February and 1 August. 4,097,944 I 8,125,644 ADVANCES TO WORKERS BRANCH. The Government Advances to Workers Act, 1908. 25,000 1 June, 1915 25,000 3| 875 1 June and 1 December. 15,000 1 July, 1922 15,000 4 600 1 January and 1 July. ■_ 40,000 ' The New Zealand State-guaranteed Advances Acts, 1909-10. 750,000 1 July, 1914 750,000 3| 26,250 1 January and 1 July. 325,000 31 December 1914 325,000 3| 11,375 1 January and 1 July. 205,000 1 January, 1919 205,000 3| 7,175 1 January and 1 July 7,000 1 October, 1922 7,000 4 280 1 April and 1 October. 1,287,000 The New Zealand Loans Act, 1908 — New Zealand Consolidated Inscribed Stock. 24,008 1 November, 1929 24,008 4 960 1 May and 1 November. 145,934 1 January, 1940 145,934 3J 5,107 1 January and 1 July. 150,000 1 February, 1963 150,000 4 6,000 1 February and 1 August. 319,942 1,646,942 LAND FOR SETTLEMENTS BRANCH. The Land for Settlements Act, 1908. 5,000 1 January, 1915 5,000 3J j 175 1 January and 1 July. 10,000 1 February, 1915 10,000 3| j 350 1 February and 1 August. 650 1 August, 1915 650 3| \ 23 1 February and 1 August! 76,150 1 January, 1916 76,150 3J 2,665 1 January and 1 July. 62,000 1 April, 1916 62,000 3| 2,170 1 April and 1 October. 27,000 1 May, 1916 27,000 3J 945 1 May and 1 November. 44,925 1 January, 1918 44,925 3£ 1,572 1 January and 1 July. 7,700 1 January, 1916 7,700 3| 289 1 January and 1 July. 50,000* 1 April, 1913 50,000 4 2,000 | 1 April and 1 October. 283,425 'Carried forward. * Note. —This amount is included in £3,000,000 loan. hi.

43

8.—6

Table No. 4 — continued. Particulars of the Public Debt transferred to the New Zealand State-guaranteed Advances Office, and Loans raised by, or on behalf of, that Office, for which the Dominion is indirectly liable, as at 31st March, 1913 — continued.

Amount outstanding. Due Date. Net Indebtedness. R a te. Amount. Annual Charge. When payable. RAISED BY TREASURY AND TRANSFERRED- continued. LAND FOR SETTLEMENT BRANCH— continued. The Land for Settlements Act, 1908 — continued. £ £ £ % £ 283,425 Brought forward. 281,500 ! 30 June, 1914 ! 281,500 4 11,260 30 June and 31 December. 84,300 1 July, 1914 84,300 4 3,372 1 January and 1 July. 77,475 1 January, 1915 77,475 4 3,099 1 January and 1 July. 308,990 J 1 February, 1915 308,990 4 12,360 1 February and 1 August. 10,000 1 March, 1915 10,000 4 400 1 March and 1 September. 91,550 1 August, 1915 91,550 4 3,662 1 February and 1 August. 158,985 1 January, 1916 158,985 4 6,359 1 January and 1 July. 60.120 I February, 1916 60,120 4 2,404 1 February and 1 August. 38,500 1 April, 1916 38,500 4 1,540 1 April and 1 October. 28,700 1 May, 1916 28,700 4 1,148 1 May and 1 November. 128,300 30 September, 1916 128,300 4 5,132 31 March and 30 September. 413,000 I January, 1917 413,000 4 16,520 1 January and 1 July. 135,000 1 February, 1917 135,000 4 5,400 1 February and 1 August. 67,675 1 January, 1918 67,675 4 2,707 1 January and 1 July. 38,000 1 February, 1920 38,000 4 1,520 1 February and 1 August. 168,700 1 January, 1921 168,700 4 6,748 1 January and 1 July. 442,650 1 January, 1922 442,650 4 17,706 1 January and 1 July. 20,000 1 January, 1922 20,000 4 800 1 April and 1 October. 27,400 1 February, 1922 27,400 4 1,096 1 February and 1 August, 45,000 1 April, 1922 45,000 4 1,800 1 April and 1 October. 100,000 1 August, 1922 100,000 4 4,000 1 February and 1 August. 83,950 1 January, 1923 83,950 4 3,358 1 January and 1 July. 40,000 1 April, 1923 40,000 4 1,600 j 1 April and 1 October. 126,000 1 May, 1923 126,000 ! 4 5,04.0 1 May and 1 November. 77,000 15 March, 1925 77,000 4 3,080 15 March and 15 September. 3,336,220 The New Zealand State-guaranteed Advances Acts, 1909-10. 210,000 1 July, 1914 210,000 3J 7,350 I 1 January and 1 July. 39,500 1 April, 1917 39,500 4 1,580 1 April and 1 October. 741,066 31 October, 1917 741,066 3| 27,790 j 30 April and 31 October. 73,700 31 October, 1917 73,700 3J 2,579 j 30 April and 31 October. 33,000 1 April, 1918 33,000 4 1,320 I 1 April and 1 October. 99,000 1 October, 1918 99,000 fy 3,465 | 1 April and 1 October, 600 1 November, 1918 600 4 24 1 May and 1 November. 8,000 1 November, 1918 8,000 3$ 280 1 May and 1 November. 64,850 1 January, 1919 64,850 3| 2,269 j 1 January and 1 July. 12,350 1 January, 1919 12,350 3| 463 1 January and 1 July. 144,815 1 January, 1919 144,815 4 5,792 1 January and 1 July. 21,500 1 February, 1919 21,500 3f 806 1 February and 1 August. 61,300 1 February, 1919 61,300 4 2,452 1 February and 1 August. 22,500 1 April, 1919 22,500 4 900 1 April and 1 October. 30,000 1 May, 1919 30,000 4 1,200 1 May and 1 November. 15,300 1 May, 1919 15,300 3f 574 1 May and 1 November. 10,000 1 March, 1920 10,000 4 400 1 March and 1 September. 24,000 1 March, 1923 24,000 4 960 1 March and 1 September. 1,611,481 I The New Zealand Loans Act, 1908 — New Zealand Consolidated Inscribed Stock. 6,723 1 November, 1929 | 6,723 " 4 269 j 1 May and 1 November. 1,002,572 1 January, 1940 |l,002,572 3J 35,091 1 January and 1 July. 69,165 1 April, 1945 69,165 3 2,075 1 April and 1 October. 350,000 1 February, 1963 350,000 4 14,000 1 February and 1 August. 1,428,460 6,376,161

8.—6

Table No. 4 — continued. Particulars of the Public Debt transferred to the New Zealand State-guaranteed Advances Office, and Loans raised by, or on behalf of, that Office, for which the Dominion is indirectly liable, as at 31st March, 1913 — continued.

44

Amount outstanding. Due Date. Net . Indebtedness. Rate. Amount. I Annual Charge. When payable. RAISED BY TREASURY AND TRANSFERRED— continued. LOCAL AUTHORITIES BRANCH. The New Zealand Loans Act, 1908 — New Zealand Consolidated Inscribed Stock. £ £ £ % £ 400,000 j 1 February, 1963 400,000 4 I 16,000 ; 1 February and 1 August. 400,000 NATIVE-LAND SETTLEMENT BRANCH. The New Zealand State-guaranteed Advances Acts, 1909-10. 50,000 j 1 April, 1919 j 50,000 j 3f 1,875 1 April and 1 October. 30,000 1 April, 1949 30,000 3| 1,125 1 April and 1 October. 80,000 GUARANTEED MINING ADVANCES BRANCH. The New Zealand State-guaranteed Advances Acts, 1909-10. 10,000 1 July, 1922 10,000 4 400 1 January and 1 July. 10,000 Total 16,638,747 [All Branches). RAISED BY SUPERINTENDENT. The New Zealand State-guaranteed Advances Act, 1909. (Advances to Settlers.) £ £ • £ ] °/ ! £ I 100,000 1 October, 1948 100,000 3| 3,500 ' 1 April and 1 October. 100,000 (Advances to Workers.) 75,000 i 1 June, 1917 75,000 ! 4 3,000 1 June and 1 December. 100,000 30 June, 1925 100,000 4 4,000 30 June and 31 December. 325,000 1 October, 1948 325,000 3| 11,375 1 April and 1 October. 100,000 1 April, 1949 100,000 3| 3,750 1 April and 1 October. 600,000 I (Land for Settlements Branch.) 25,000 1 October, 1948 25,000 3| 875 1 April and 1 October. 470,000 1 April, 1949 470,000 3| j 17,625 1 April and 1 October. 495,000 (Local Authorities Branch.) 400,000 ' 1 April, 1947 i 400,000 3J 14,000 1 April and 1 October. 475,000 1 October, 1947 ! 475,000 3* 16,625 • 1 April and 1 October. 212,000 1 April, 1948 ! 212,000 3J 7,420 1 April and 1 October. 400,000 1 October, 1948 j 400,000 3-|- 14,000 1 April and 1 October. 96,000 1 April, 1949 96,000 3| 3,600 1 April and 1 October. 275,000 1 April, 1949 275,000 3£ 9,625 1 April and 1 October. 1,858,000 I (Native Land Settlement Branch.) 20,000 1 October, 1947 20,000 ' 3| 700 1 1 April and 1 October. 361,600 1 October, 1948 361,600 ! 3J 12,656 1 April and 1 October. 54,500 1 April, 1949 54,500 3| 2,044 i 1 April and 1 October. 436,100 ! ' (Guaranteed Mining Advances Branch.) 5,000 I 1 April, 1949 5,000 3| 187 1 April and 1 October. 5,000 Total 3,494,100 [All Branches). Note. —Under sectioi of capital moneys raised h . 30 of the New Zealand Si >r the purposes of each bra tate-guaranteed Adi inch is invested wit' r ances Act, 1909, a sinking fund of 1 per cent. i the Public Trustee.

8.—6

45

Table No. 5. Statement of the Estimated Liabilities chargeable on the Consolidated Fund (Revenue Account) outstanding on the 31st March, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, and 1913.

31st March, 1903. 31st March, 1904. 31stMarch, 1905. 31st March, 1906. 31st March, 1907. 31st March,1908. 31st March, 1909. 31st March, 1910. 31st March, 1911. 31st March, 1912. , 31st March. 1913. Revenue Account. Permanent Appropriations, — Civil List Interest and Sinking Fund Under Special Acts of the Legislature Subsidies payable to Local Authorities Under the Land Acts, payable to Local Authorities Land Act National Endowments £ s. d. 622 14 5 I 15,000 0 0 j 36 3 4 £ s. d. 588 12 11 1,284 3 9 £ s. d. 951 4 11 859 10 4 372 14 8 £ s. d. i 460 7 6 895 6 1 £ s. d. 287 8 8 " 849 11 8 £ s. d. 332 0 8 2,541 18 6 £ s. d. 663 15 10 6,324 6 0 £ b. d. £ s. d. 765 13 4 : 753 11 8 3,939 8 9 ! 1,458 11 10 £ s. d. 230 18 2 3,372 10 3 £ s. d. j 208 6 9 " 2,518 4 6 ■ 126 0 0 174 0 0 " 760 0 0 1,045 0 0 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 •• 2,787 11 3 " •• •• 17,541 17 10 3,803 16 9 3,940 10 0 3,112 13 8 3,654 0 5 5,675 19 3 6,988 1 10 7,492 13 4 2,212 3 6 3,603 8 5 ! 2,726 U 3 Annual Appropriations,— Legislative Department of Minister of Pinance* Postmaster-General Working Railways Public Buildings Maintenance and Improvement of Roads Minister of Justicet Minister of Defence Minister of Mines Department of Internal Affairs Commissioner of Customs Minister of Marine Minister of Labour Minister of Lands Minister of Agriculture Minister of Education 91 10 2 1,726 4 6 32,902 0 0 109,375 4 0 470 5 7 2,09712 10 10,544 0 0 85 16 2 2,534 15 4 28,750 0 0 109,146 17 3 1,294 0 5 2,559 3 5 6,773 13 4 37 0 0 3,242 15 3 I 533 16 0 (1,558 15 3 130 12 8 2,498 14 5 16,562 17 9 15 0 76 1 5 2,866 0 4 28,481 0 0 108,054 11 6 724 11 5 1,99018 9 12,807 17 6 7 12 6 2,878 12 5 34,910 0 0 103,381 3 5 723 15 11 2,102 11 8 j 10,685 15 10 J 184 3 9 4,269 11 1 36,725 0 0 119,289 0 0 850 14 3 1,746 8 1 I 6,071 19 1 ] 3,620 12 3 64 1 9 2,150 13 8 43,550 0 0 156,471 0 0 : 848 18 10 1,297 17 5 3,097 8 4 3,944 2 6 33 19 6 2,308 0 9 41,703 0 0 191,727 0 0 832 0 4 1,690 16 1 3,627 5 9 10,583 14 7 1,912 5 10 6,765 16 7 236 10 8 3,312 2 2 1,002 8 5 5,924 14 2 8,428 13 4 56 2 6 62 3 5 1,600 11 3 42,545 0 0 129,131 0 0 663 9 4 3,611 7 6 6,733 2 11 7,398 6 2 30 16 8 7,477 2 11 176 2 0 1,780 15 0 49,039 0 0 143,363 0 0 1,543 1 9 448 0 0 6,788 1 3 ! 3,152 2 10 74 15 11 427 16 8 63,981 0 0 172,451 0 0 1,961 15 11 5,472 0 0 5,973 6 0 6,648 6 0 1C3 14 4 182 7 5 58,831 19 10 150,514 0 0 3,487 6 1 3,516 0 0 12,178 15 11 12,958 10 5 61 11 2 10,968 16 10 6,991 15 7 5,076 0 7 198 2 2 1,571 15 8 292 10 2 \ 5,250 14 2 J 10,000 11 11 7,040 16 11 203 15 0 1,662 13 1 351 3 9 1,710 1 5 6.033 18 6 3 0 11 8,798 0 7 370 17 8 ! 4,293 5 4 485 2 0 4,561 5 9 10,552 12 5 2,638 3 0 8,297 3 4 170 9 3 2,730 0 8 1,185 7 10 18,811 17 4 7,166 16 6 327 4 10 11,549' 2 5 11,811 12 2 11 2,990 19 6 13,309 10 2 2,469 19 1 2,760 16 5 i S 2,927 6 10 629 15 4 6,029 1 10 8,390 2 0 724 11 8 959 8 9 4,761 16 5 2,818 1 9 255 18 5 412 5 5 6,768 15 8 4,044 10 7 1,979 15 7 255 3 6 6,170 12 3 11,716 11 4 850 0 1 11,385 5 3 10,403 7 0 8,877 16 11 182,963 3 0 i 175,710 2 3 177,390 15 7 171,695 1 4 204,456 15 3 250,113 2 3 280,144 10 8 211,357 15 8 233,514 11 7 290,054 10 3 286,396 18 0 Services not provided for 1 21 9 0 783 19 3 6 11 10 10,922 12 3 647 9 1 82 10 1 .. Totals 200,505 0 10 179,513 19 0 ]208,894 14 11 255,795 13 4 229,773 1 3 236,374 4 2 289,123 9 3 181,331 5 7 174,829 4 0 [287,132 12 6 293,740 14 9 * Includes Rates in Crown Lands. t Includes ative and Crow] Law.

8.—6

46

Table No. 6. Statement of the Estimated Liabilities chargeable on the Public Works Fund outstanding on the 31st March, 1 903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, and 1913.

31st March, 1903. 31st March, 1904. 31st March, 1905. 31st March, 1906. 31st March, 31st March, 1907. 1908. 31st March, 31st Marcn, 31st March, 1909. 1910. 1911. 31st March, 1912. 31st March, 1913. Annual Appropriations— Public Works, Departmental Railways Utilization of Water-power .. Development of Water-power Irrigation and Water-supply Public Buildings Lighthouses and Harbour-works Tourist and Health Eesorts Immigration Eoads Development of Goldfields .. Native Lands Purchases Telegraph Extension Rates on Native Lands Contingent Defence Lands Improvement Miscellaneous £ s. d. 217,089 10 5 84,596 9 0 1,760 7 11 1,136 8 0 £ s. d. j 113,057 16 6 36,338 8 3 506 6 5 4,911 14 5 £ s. d. 210,656 18 10 8 1 11 38,887 18 5 316 5 5 2,285 6 3 £ s. d. 196,099 10 8 3 18 6 51,967 11 8 158 10 8 39,046 16 7 £ s. d. 210,242 19 1 34,813 6 4 637 0 0 21,805 19 8 667 4 1 109,681 12 2 2,616 18 3 £ s. d. 797,179 13 4 60,328 4 8 83 10 1 12,446 16 2 7 15 0 132,260 17 2 4,101 12 1 £ s. d. 97 18 4 761,628 0 5 52,457 9 5 793 6 3 7,369 12 9 2,8.57 14 0 155,275 0 4 4,400 10 8 £ s. d. £ s. d. 47 3 3| 34 0 0 687,004 6 2 636,640 12 11 212 13 6 10 0 200,406 17 3 221,135 14 6 286 0 7! 347 5 7 5,142 4 i> 442 1 9 159 0 0! 22 0 0 69,553 9 4; 157,326 0 0 2,290 16 2 ! 2,034 4 7 £ s. d. 283 19 3 622,761 12 2 56,157 9 1 176,855 6 3 722 19 6 880 17 6 3,595 6 10 219,069 0 0 £ s. d. 566 16 8 255,340 3 0 80,910 10 11 527 9 8 1,791 0 0 249,281 1 9 300 0 0 4,566 0 0 27,409 0 0 355 2 2 72 0 0 80,787 4 7 2,038 14 7 7,298 0 0 43,877 0 0 355 15 8 4,240 0 0 11 7 6 98,326 1 7 1,794 16 3 4,580 11 8 30,114 0 0 I 300 0 0 38,151 0 0 381 0 5 ! 139,080 6 4 2,886 10 5 51 5 4 83,295 0 0 360 0 0 13,329 0 0 393 9 4 75,110 5 1 669 15 0 65 13 0 828 11 8 103,550 0 0 11 0 0 68,837 0 0 39,310 0 0 71,904 0 0 ! 111,372 0 0 162,258 11 6 171,297 1 0 1,155 6 7 303 9 8 407 11 11 221 18 9J 33' 5 10 574 14 11 1,973 12 0 148 15 2 1,240 18 2 293,422 7 11 457,139 4 4 1.111,124 15 1 1,054,427 13 9 1,004,996 10 91,092,106 10 8 Services not provided for 586,565 19 3 425,802 0 9 526,671 19 6 1,191,847 5 9 122 0 0 673,932 10 11 ■• Totals 586,565 19 3 293,422 7 11 425,802 0 9 I 52t,671 19 6 457,139 4 4 1,111,124 15 1 I 1,054,427 13 9 1,004,996 10 91,092,106 10 8 1,191,969 5 9 673,932 10 11

47

8.—6

Table No. 6 continued. Statement of the Estimated Liabilities chargeable on the undermentioned Separate Accounts outstanding on the 31st March, 1903, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, and 1913.

31st March, 1903. 31st March, 1904. 31st March, 1905. 31st March, 1906. 31st March, 1907. 31st March, 1908. 31st March, 1909. 31st March, 31st March, 1910. 1911. 31st March, 1912. 31st March, 1913. State Forests Account State Coal-mines Account .. Scenery Preservation Account Land for Settlements Account Maori Land Settlement Act Account Loans to Local Bodies Account Hauraki Plains Settlement Account Paeroa-Waihi Railway Account Wellington-Hutt Railway and Road Improvement Account Aid to Water-power Works Account .. j Irrigation and Water-supply Account Waikaka Branch Railway Account Railways Improvements Account Cheviot Estate Account State-guaranteed Advances Account Public Trustee's Account Government Life Insurance Account Government Accident Insurance Account State Fire Insurance Account National Endowment Account Opening up Crown Lands for Settlement Account Native Land Settlement Account Rangitaiki Land Drainage Account Waihou and Ohinemuri Rivers Improvement Account ,. .. .. .. £ s. d. 780 1 8 331 19 0 3,546 9 1 3,189' 0 0 ■ £ s. d. 217 0 2 8,076' 13 7 3,038 5 6 4,296 15 11 23 18 0 l,2li' 0 6 £ s. d. 527 4 8 18 19 1 8,636* 2 11 3,505 9 2 896 2 10 7,851 17 8 £ s. d. 225" 19 0 16 8 3 6,194 3 8 6,087 13 6 19,707 1 6 7,856*11 8 £ s. d. 1,730 15 10 53 18 8 4,900 0 10 747 4 7 2,656 2 8 8,422 0 0 33,809* 0 0 £ s. d. 1,326 3 4 682 0 4 3,455 18 3 6 12 9 5,499 1] 5 8,671 0 0 520 17 10 20,304 0 0 £ s. d. 581 17 1 18 9 1 2,544 3 8 150 7 0 5,978 9 4 551 17 3 19,638 0 0 22,494 0 0 6 12 0 129 12 7 7,756 8 7 1,213 14 9 682 1 11 632 9 10 £ s. d. 161 8 4 13,606 4 9 113 7 0 1,664 14 5 7,645* 12 8 759 7 9 15,320 0 0 19,277* 0 0 £ s. d. 559 1 0 14,547 3 9 83 8 0 2,849 17 1 21 19 2 15,324 0 0 31,352 0 0 £ s. d. 600 19 8 102 2 3 2,977 3 9 1,861* 3 1 7,600 0 0 132,486 0 0 £ s. d. 390 4 6 10,707 3 7 76 8 9 1,195 19 0 163 7 10 7,777 0 0 132,162 1 4 50 0 0 103,233' 0 0 48 12 9 28 7 2 103 19 4 132 4 10 24,871 10 0 326 11 0 562 6 4 355 7 6 31811 5 389* 0 11 476' 8 8 1,238* 5 4 450 0 0 1,019* 2 6 1,069 15 2 88 6 8 2,553 7 0 614 14 4 790 18 0 725 5 0 432 10 0 543 18 4 904 15 10 4,945 3 0 10,376 0 0 173 18 3 142 15 3 412 11 10 606 14 4 884 1 7 4,687 5 8 9,582 0 0 429 10 0 889 3 8 1,256 11 0 293 8 10 711 18 4 2,732 18 3 9,396 0 0 2,559 10 11 310 13 4 9,902 5 6 8,050 1 1

8.—6

48

Table No. 7. STATEMENT showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to the 31st March, 1913.

WAYS AND MEANS. NET EXPENDITURE. Loans :— Immigration and Public Works Loan, 1870 Immigration and Public Works Loan, 1873 Immigration and Public Works Loan, 1874 General Purposes Loan Act, 1873 New Zealand Loan Act, 1876 New Zealand Loan Act, 1877 New Zealand Loan Act, 1879 New Zealand Loan Act, 1882 New Zealand Colonial Inscribed Stock Loan Act, 1882 North Island Main Trunk Railway Loan Act, 1882 New Zealand Loan Act, 1884 New Zealand Loan Act, 1886 District Railways Purchasing Acts, 1885 and 1886 New Zealand Loan Aot, 1888 Native Land Purchase Act, 1892 Lands Improvement and Native Lands Acquisition Act, 1894 Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Amendment Act, 1897 .. Aid to Public Works and Land Settlement Amendment Act, 1898 .. Aid to Public Works and Land Settlement Act, 1899 Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1901 Aid to Public Works and Land Settlement Act, 1902 Aid to Public Works and Land Settlement Ace, 1903 Aid to Public Works and Land Settlement Act, 1904 Aid to Public Works and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Act, 1906 Aid to Public Works and Land Settlement Act, 1907 Aid to Public Wotks and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Act, 1909 Aid to Public Works and Land Settlement Act, 1910 Aid to Public Works and Land Settlement Act, 1911 Aid to Public Works and Land Settlement Act, 1912 The Finance Act, 1909 The Post and Telegraph Act, 1908 .. .. Midland Railway Petitions Settlement Acts, 1902-3 Paeroa-Waihi Railway Act, 1903 Waikaka Branch Railway Act, 19051 £ s. d. 4,249,776 0 0* 2,000,000 0 0 4,000,000 0 0 750,000 0 0 750,000 0 0 2,200,000 0 0 5,000,000 0 0 3,000,000 0 0 250,000 0 0 1,000,000 0 0 1,500,000 0 0 1,325,000 0 0 479,487 7 11 1,000,000 0 0 149,700 0 0 500,000 0 0 1,000,000 0 0 250,000 0 0 500,000 0 0 1,000,000 0 0 1,012,100 0 0 1,250,000 0 0 1,750,000 0 0 999,690 0 0 750,000 0 0 1,000,000 0 0 1,000,000 0 0 1,000,000 0 0 1,250,000 0 0 1,000,000 0 0 1,750,000 0 0 1,400,000 0 0 855,226 0 0 1,250,000 0 0 200,000 0 0 150,000 0 0 75,000 0 0 50,000 0 0 £ s. d. Expenditure on — Immigration Publio Works, Departmental Railways, including Surveys of New Lines Roads Land Purchases Development of Goldfields Telegraph Extension Public Buildings Lighthouses, Harbour Works, and Defences .. Contingent Defence Rates on Native Lands Thermal Springs Tourist and Heath Resorts Lands Improvement Charges and Expenses of raising Loans Coal-mines Interest and Sinking Fund Payment to Midland Railway Bondholders Irrigation and Water-supply Development of Water-power £ s. d. 2,254,606 1 1 784,095 0 4 29,799,218 11 9 9,723,865 6 3} 2,065,720 6 10 877,802 1 10 2,277,125 8 2 5,487,224 10 6 1,098,207 4 0 944,208 16 2 68,671 16 10 14,599 13 2 229,538 17 0 104,712 12 2 1,243,692 2 9 10,835 8 0 218,500 0 0 150,000 0 0 4,356 5 0 18,450 14 1 •57,375,430 15 11 £ s. d. Balance on 31st March, 1913, — Cash in the Public Account Advances in the hands of Officers of the Government 573,959 6 5* 52,782 2 2 I 626,741 7 i j I I Receipts in Aid :— Amount transferred from Consolidated Fund Contributions of Canterbury Province for Railways Stamp Duties to 31st December, 1876 Transfer from Confiscated Lands Liabilities Account Proceeds of Railway Material banded over to Cook County Council Special Receipts under section 9 of the Railways Construction Act, 1878 Special Receipts under the Ellesmere Lake Lands Acts, 1888 and 1893 ' .. Special Receipts under the Railways Authorization and Management Act, 1891 Special Receipts under the North Island Main Trunk Railway Loan Application Act, 1886 Sinking Funds released 9,280,000 0 0 56,000 0 0 264,657 16 4 19,963 1 3 4,963 7 4 60,616 3 0 47,645,979 7 11 46,364 8 2 2,257 1 9 114,550 19 6 506,819 19 3 10,356,192 16 7 £58,002,172 4 6 j £58,002,172 4 6 * Includes £249,776 proceeds of 4-per-cent. loan to pay off debentures due 15th April, 1913. t Receipts and expenditure under the Waikaka Branch Railway Act, 1905, now included. t Has been reduced by £89,800 received under section 31 of the Government Loans to Local Bodies Act, 1886.

8.—6.

49

Table No. 8. Estimated Expenditure of the Consolidated Fund (Revenue Account) for 1913-14, compared with Actual Expenditure of 1912-13.

Table No. 9. Estimated Revenue of the Consolidated Fund (Revenue Account) for 1913-14, compared with the Actual Revenue of 1912-13.

7— B. 6.

Estimate for 1918-14. Estimate Actual Differences. for 1918-14. for 1912-18. Increase. Decrease. Rbvbndb Account. £ £ 35,300 2,861,091 1,391,027 £ 33,493 2,717,013 1,301,679 £ 1,807 144,078 89,348 £ Civil List .. .. .. .. .. .. 35,300 Interest and Sinkiijg Fund .. .. .. .. 2,861,091 Under speoial Acts .. .. .. .. .. 1,391,027 4,287,418 4,287,418 4,052,185 235,233 Annual Appropriations,— Legislative Departments .. .. .. .. 34,472 Departments of Finance .. .. .. .. 66,648 Post and Telegraph Department .. .. .. 1,135,240 Working Railways Department .. ... .. 2,931.250 Public Buildings, Domains, and Maintenance of Roads .. 116,589 Native Department .. .. .. .. .. 24,724 Justice Department .. .. .. .. .. 428,146 Mines Department .. .. .. .. .. 33,850 Department of Internal Affairs.. .. .. .. , 331,303 Defence Department .. .. .. .. . 505,047 Customs, Marine, and Inspection of Maohinery Depart- 149,007 ments Department of Labour .. .. .. .. 28,887 Department of Lands and Survey .. .. .. 288,627 Department of Agriculture, Industries, and Commeroe .. 185,441 Education Department .. .. .. .. 1,133,025 7,392,256 35,517 ; 55,026 ' 11,622 1,066,772 68,468 2,817,141 114,109 117,708 23,668 1,056 404,316 23,830 29,948 3,902 314,599 16,704 305,267 134,020 14,987 1,045 1,114 •• I 220 29,177 231,246 57,381 178,904 6,537 1,084,042 48,983 7,027,346 ! 367,579 290 2,669 Servioes not provided for 2,507 2,507 602,812 5,176 5,176 Total .. .. .. .. J 11,679,674 j |ll,082,038 I 597,636

Estimate for 1913-14. Actual (or 1912-13. Diffei •enoes. - Increase. Decrease. Rhvbnue Account. £ 3,250,000 4,200,000 1,000,000 1,230,000 750,000 470,000 124,000 92,000 51,200 360,000 190,000 72,402 Ordinary Revenue,— ., Customs Railways Stamps Postal and Telegraph Land-tax Income-tax.. .. .. .. .. Beer Duty Registration and other Pees Marine Miscellaneous Territorial Revenue Endowment Revenue £ 3,407,538 3,968,350 1,052,347 1,167,977 728,636 462,994 124,223 93,930 52,765 361,339 254,509 59,414 8. 157,538 i 231,650 i 52,347 62,023 i 21,364 7,006 •• 223 1,930 1,565 1,339 64,509 12,988 335,031 279,451 279,451 Total 55,580 11,789,602 11,734,022

B.— 6

50

Table No 10. Statement showing the Amount charged to "Unauthorized" in each Financial Year from 1st July, 1875, to 31st March, 1913.

By Authority : John Mackay, Government Printer, Wellington. 1913

Consolidated Fund. — Reyenuk Account. Financial Yeah. ""wSaftSr.*" 0 " Excess of V0te8 ' Totah Othkk Accounts. Public Works Fund. ToTAi,. I "1 1875-76 1876-77 1877-78 1878-79 1879-80 1880-81 1881-82 1882-83 1883-84 1884-85 1885-86 1886-87 1887-88 1888-89 1889-90 1890-91 1891-92 1892-93 1893-94 1894-95 1895-96 1896-97 1897-98 1898-99 1899-1900 1900-1901 1901-1902 1902-1903 1903-1904 1904-1905 1905-1906 1906-1907 1907-1908 1908-1909 1909-1910 1910-1911 1911-1912.. 1912-1913.. £ s. d. k s. d. £ s. d. IS,167 4 8 i 19,195 17 1 32,363 1 9 18,397 17 1 I 13,398 7 0 31,796 4 1 19,079 12 6 58,709 17 2 77,789 9 8 11,413 16 1 47,466 4 5 : 58,880 0 6 5,818 9 9 18,466 2 1 24,284 11 10 6,151 13 9 37,825 6 6 43,977 0 3 3,899 16 3 38,474 18 9 42,374 15 0 4,473 15 8 64,631 0 2 69,104 15 10 7,293 9 9 45,284 2 6 52,577 12 3 5,981 17 8 39,039 17 11 : 45,021 15 7 9,387 11 2 47,106 10 3 56,444 1 5 14,337 19 7 38,117 13 5 52,455 13 0 7,303 17 10 42,104 15 10 49,408 13 8 3,521 18 2 35,157 16 5 38,679 14 7 4,412 5 3 43,257 1 0 47,669 6 3 10,610 1 0 76,778 5 11 ' 87,388 6 11 2,288 3 2 21,026 16 4 23,314 19 6 1,741 7 10 28,283 15 11 30,025' 3 9 2,350 7 0 7,376 7 4 ! 9,726 14 4 8,985 3 7 9,148 0 5 18,133 4 0 22,422 16 10 16,229 5 9 i 38,652 2 7 3,188 17 7 24,195 2 9 27,384 0 4 2,258 19 7 39,314 13 4 41,573 12 11 3,305 15 11 ! 36,468 0 10 39,773 16 9 11,187 13 8 60,652 13 7 ! 71,840 7 3 26,367 18 6 j 62,788 3 2 : 89,156 1 8 3,836 7 0 68,866 10 9 I 72,702 17 9 9,027 5 4 101,076 10 4 110,103 15 8 3,344 11 0 47,775 11 4 51,120 2 4 6,215 i 8 ! 22,109 12 2 28,324 16 10 8,576 16 7 52,385 3 7 60,962 0 2 4,989 9 1 i 28,559 6 2 33,548 15 3 4,133 3 3 37,713 8 11 41,846 12 2 14,127 8 1 50,890 5 1 65,017 13 2 15,324 5 7 23,100 14 0 38,424 19 7 10,427 9 4 27,200 14 6 37,628 3 10 20,332 3 1 I 62,950 14 7 83,282 17 8 2,506 15 0 115,428 2 5 117,934 17 5 I i I i 1 i i [ i i i i £, s. a. 3,155 9 2 3,490 6 1 653 6 5 3,938 14 8 1,005 3 10 ', 13,443 11 3 13,590 6 10 12,343 2 2 ; 9.003 18 7 ! 7,163 15 3 13,965 10 1 6,212 16 7 27,821 16 11 13,506 2 8 23,631 7 1 5,459 18 11 9,183 10 6 4,754 17 10 522 12 2 1,890 7 5 16,995 9 9 24,726 3 6 4,743 17 10 2,304 8 10 662' 7 7 253 8 10 200 0 0 2,248 6 6 13,547 11 7 23,956 9 10 12,867 10 8 429 9 0 15,257 11 1 3,500 7 0 1,009 9 7 860 5 4 63 15 0 £ a. d. 63,875 II 8 J 2,197 4 5 22,009 14 0 32,179 1 1 17,096 9 9 34,133 17 3 2,217 9 8 8,137 17 11 31,741 17 10 872 0 11 6,465 17 5 28,633 10 8 30,407 2 3 18,633 2 10 12,287 18 10 7,097 19 9 7,594 1 2 , 11,149 14 2 1,335 12 11 330 8 1 33,245 2 4 7,051 0 8 I 53,648 14 0 8,222 10 6 ! 7,990 18 7 17,518 3 7 : 6,955 4 10 j 12,837 3 6 : 9,584 9 11 31,862 8 3 19,965 16 2 : 55,556 14 10 : 80,170 3 3 !: 16,641 15 7 I 11,638 18 8 12,833 7 5 4,982 8 7 I 73,404 8 3 ; k s. d. 99,394 2 7 37,483 14 7 100,452 10 1 94,997 16 3 ! 42,386 5 5 91,554 8 9 58,182 11 6 89,585 15 11 93,323 8 8 53,057 11 9 76,875 8 11 87,302 0 8 107,637 12 10 70,819 0 1 83,588 12 2 99,946 5 7 40,092 11 2 45,929 15 9 11,584 19 5 20,353 19 6 88,892 14 8 59,161 4 6 99,966 4 9 ! 50,300 16 1 79,831 5 10 107,336 12 10 79,911 11 5 123,140 19 2 62,952 18 9 73,734 16 8 104,884 6 2 '101,978 0 9 1122,446 4 5 I 96,916 19 10 53,564 5 3 51,471 0 10 : 89,125 11 7 191,403 0 8