FINANCIAL STATEMENT (In Committee of Supply, 1st August, 1917) BY THE RIGHT HONOURABLE SIR JOSEPH WARD, BART., P.C., K.C.M.G., MINISTER OF FINANCE.

Appendix to the Journals of the House of Representatives, 1917 Session I, B-06

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INDEX.

I'AGK Advances, State .. .. .. .. " .. .. .. .. .. ix Agriculture . . .. .. .. .. .. .. .. ~ vii Amusement-tax .. .. .. .. .. .. . . .. .. xxiii Balances on 31st March, 1917 :— Consolidated Fund .. .. .. .. ~ .. . . . . xx Public Works Fund . . .. .. .. .. .. .. .. ii Beer Duty . . .. .. .. .. .. .. .. . . X xv Board of Trade .. .. .. .. .. .. ~ ... . . xv Bonus, War .. .. .. .. .. .. .. .. .. xxii Conclusion .. .. .. .. .. ~ .. .. . . xxvii Consolidated Fund :— Estimated Expenditure, 1917-18 .. .. .. .. .. .. xxvi Estimated Revenue for 1917-18 .. .. .. .. .. .. xxvi Estimated Surplus, 1917-18 .. .. .. .. .. .. ~ xxvi Expenditure for 1916-17 compared with 1915-16.. .. .. .. .. ii Result of Year's Operations .. .. .. .. .. .. .. xx Revenue for 1916-17 compared with 1915-16 .. .. .. .. .. i Conversions —Loan. . .. .. .. ... .. .. .. .. iii Customs .. .. .. .. .. .. .. .. . . xxv Duties, Additional Customs and Excise .. .. .. .. .. .. xxvi Defence Department:-— Defence . . .. .. .. .. .. .. .. . . ix Munitions and Supplies . . .. .. .. . . .. .. x Samoan Administration .. .. .. .. .. .. .. x War Expenditure .. .. .. .. .. .. .. .. xix Education Department:— Education .. .. .. .. .. .. .. .. .. xiv School Buildings .. .. .. .. .. .. .. .. xv Special Schools . . . . .. .. .. .. .. .. xv Teachers' Superannuation Fund .. .. .. .. .. .. xv Employment for Returned Soldiers . . .. .. . . . . . . . . xxv Enemy, Trading with . . . . . . . . . . . . . . . . iv Estimates : — Expenditure, 1917-18 .. .. .. .. .. .. .. .. xxvi Revenue, 1917-18 . . ' .. .. .. .. . . .. . . xxvi Supplementary, 1917-18 .. .. .. .. .. .. .. xxvi Surplus, 1917-18 .. .. .. .. .. .. .. .. xxvi Excess-profits Tax .. .. .. .. .. .. ~ . . . . xxiii Expenditure :— Details for 1916-17 compared with 1915-16 .. .. .. .. .. ii Estimated for 1917-18 .. .. .. .. .. .. .. xxvi War . . .. .. .. .. .. .. . . . . xix Extravagant Living . . .. . . ~ .. . . .. . . xxii Financial Assistance to Soldiers .. .. .. . . .. .. . . vii Forests, State .. .. .. .. .. .. .. .. .. viii Friendly Societies .. .. .. .. .. .. . . .. . . xii Government Steamers . . .. .. .. .. . . .. ~ xiii Harbour-works .. .. .. .. .. . . . . .. . . xiii immigration .. .. .. .. .. .. .. . . . . xiii Imperial Government, Purchase of Supplies for, .. .. .. .. .. xvii imports and Exports .. .. .. .. .. .. .. . . v import Values .. .. .. .. - .. .. .. .. .. iv Income-tax Receipts .. .. .. .. .. .. .. . . v

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I'AGK industrial Conditions .. .. .. .. .. .. . ■ . • xii Inscription of War Bonds . . .. .. ... .. .. .. . . xxi Insurance of Public Buildings. .. .. .. .. .. . . . . xiv Insurance, State Fire .. .. .. .. .. .. . . .. xiv Insurance -State Social System .. .. .. .. .. .. .. xii Investment in Imperial War Loan .. .. .. .. .. .. . . xxi Land and Income Tax: — Excess Profits.. .. .. .. .. .. .. .. .. xxiii Land- and Income-tax Receipts .. .. .. .. .. .. v Progressive Land-tax .. .. .. .. .. .. .. .. xxiv Progressive Income-tax .. .. .. .. . . .. .. xxiv Special War-tax .. .. .. .. .. .. ... .. xxiv Summary . . . . . . . . . . . . _. . . . . . xxv Lands :— Financial Assistance to Soldier-settlers .. .. .. .. .. .. vii Land for Discharged Soldiers .. .. .. .. .. .. .. vi Land for Ordinary Settlers .. .. .. .. .. .. .. vii Land Revenue .. .. .. .. .. . . ... . . vi Land for Settlement .. .. .. .. .. .. .. .. viii State Forests .. ... .. .. .. .. .. .. .. viii Swamp-land Reclamation .. .. .. .. .. .. .. viii Lighthouses .. .. .. . . .. . . .. .. . . xiii Loans reconversions . . . . . . . . . . . . . . . . . . iii Falling due . . .. .. .. .. .. . . .. .. iii Public Works, Loan for .. .. .. .. . . . . .. xx Telegraph Extension, Loan for .. .. .. . . . . . . xx Redemptions and Renewals .. .. . . .. .. . . .. iii War Purposes • .. .. .. .. ..- . . . . .. xxi Marine Department:— Government Steamers .. .. .. .. .. .. .. .. xiii Lighthouses .. . . .. .. .. .. .. .. .. xiii Harbour-works . . .. .. .. .. .. .. ' . . xiii Mental Hospitals . . .. .. .. .. .. .. - .. . . v Military Pensioners, War Bonus to . . .. .. .. .. .. .. xxii Miner Pensioners, War Bonus to .. .. .. . . .. . . xxii Mining . . . . ~ . . .. . . . . . . .. . . xi Money . . .. .. .. .. .. .. .. .. . . xviii Motor-cars . . .. .. .. .. .. . . .. .. xii Munitions and Supplies .. .. .. .. .. . . . . .. x National Provident Fund .. .. .. .. ' .. .. .. .. xii Old-age Pensioners, War Bonus to .. .. .. . . .. .. .. xxii Pensions . . . . . . . . . . . . . . . . . . . . xvi Post and Telegraph .. .. .. .. .. .. .. .. vi Printing and Stationery Department .. .. .. .. .. .. xiv Progressive Income-tax . . . . .. .. . . '. . '.. .. xxiv Progressive Land-tax .. .. .. .. .. . . .. .. xxiv Proposals for Year, Summary of .. .. .. .. .. . . xxvii Public Buildings, Insurance of .. .. .. . . . . . • . . xiv Public Health, Department of .. . . .. .. .. .. .. v Public Service Superannuation Fund . . .. ■ . . . . . .. .. xiv Public Trust Office . . .. .. .. .. .. .. .. xiii Public Works Fund . . .. .. .. .. . . .. .. ii Public Works, Loan for . . .. .. .. .. .. .. .. xx Purchase of Supplies for Imperial Government .. .. ... .. .. xvii Redemptions and Renewals , • • • • • • • • • • • ■ • • m Relief Funds, War . . . . . . . . . . . . ■ . . . . xi Result of Year's Operations .. .. . . .. . . .. . . xx Reserve Fund .. .. .. .. .. .. .. .. .. xviii

2

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Revenue:— Details for 1916-17 compared with 1915-16 .. .. .. .. .. i Estimated, 191.7-18 . . . . .. . . .. .. .. .. xxvi Land Revenue .. .. .. .. . . .. .. .. vi Samoan Administration . . . . .. .. .. .. .. .. x Social Insurance —State System .. .. .. .. . . .. .. xii Soldiers : Additional Allowance to Dependants .. .. .. .. . . .. xxii Employment for Returned .. . . .. .. .. . . . . xxv Financial Assistance to .. .. .. .. .. .. .. vii Land for Discharged .. .. .. .. .. .. .. .. vi Pensions .. .. .. .. .. .. .. .. .. xvi Special War-tax . . .. . . . . . . . . .. . . . . xxiv Stamp Department .. .. .. .. .. .. .. .. vi State Advances Office .. .. .. . . .. . . . . . . i x State Fire Insurance .. .. ■ ~ .. .. .. .. . , xiv State Forests .. .. .. .. .. .. . . . . . . viii State Social Insurance . . . . . . . . . . .. . . . . xii Superannuation Funds : — Public Service. . . . .. . . . . . . .. .. . . xiv Teachers' .. .. .. . . . . ... .. .. .. - xv Supplementary Estimates, Sum available for . . .. . . . . . . xxvi Surplus, 1917-1918, Estimated .. .. .. .. .. .. .. xxvii Swamp-land Reclamation . . . . . . . . . . . . . . . . viii Taxation : — Amusement-tax . . .. .. .. .. .. . . .. xxiii Excess Profits .. .. .. .. .. .. .. .. xxiii income-tax . . . . . . . . .. .. .. . . . . xxiv Land-tax .. .. .. .. .. .. .. .. .. xxiv Special War-tax . . . . . . .. .. .. . . . . xxiv Proposals, 1917-18 Summary of .. .. .. .. .. .. xxv Tourist and Health Resorts .. .. .. .. .. .. * .'. xii Trade : Board of .. .. .. .. .. .. .. .. .. xv Stocks on Hand and Orders expected .. .. .. .. . . . . iv Trading with Enemy .. .. .. .. .. ~ .. .. iv Treasury, The .. . . .. .. .. .. .. .. . . in War :—■ Bonds, Issue and Inscription of .. .. .. .. .. .. xxi Bonus, Payment of War .. .. .. .. .. .. ... xxii Certificates, War, sold by Post Office .. .. .. .. .. . . xxii Expenditure .. .. .. .. .. .. .. * .. . . xix Loan for War Purposes .. .. ..... .. .. .. xxi Munitions and Supplies .. .. .. .. .. .. .. xvii Pensions . . . . . . . . . . ■. . . . . . . . xvi Profits .. .. .. .. . . .. .. .. . . xxiii Relief Funds .. .. .. .. .. .. ..' .. .. xi Samoan. Administration . . . . . . . . . . . . . . x Tax —Special. War .. .. .. .. .. .. .. . . xxiv Widows' Pensions, War Bonus to .. .. .. .. . . .. xxii Workers' Dwellings .. .. .. .. .. .. .. .. xii Year's Operations, Result of .. .. .. .. .. .. .. xx Year's Operations, Summary of .. .. .. .. .. .. .. xxvi

3

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1917. NEW ZEALAND

FINANCIAL STATEMENT (In Committee of Supply, 1st August, 1917) BY THE RIGHT HONOURABLE SIR JOSEPH WARD, BART., P.C., K.C.M.G., MINISTER OF FINANCE.

Me. Malcolm, — Since I submitted to honourable members the Budget of 1916-17 the great war has, unfortunately, continued with unabated and, indeed, increased intensity. It is therefore my duty to review the financial aspect of the past year's operations, covering a period of unprecedented conditions, and to suggest for the consideration of honourable members proposals to meet the increased financial requirements for the year 1917-18. REVENUE AND EXPENDITURE. The revenue and expenditure for the year 1916-17 as compared with the previous financial year are as follow : —

Revenue for the Year ended 31st March, 1917, compared with the Year ended 31st March, 1916.

i—B. 6.

Yoar endod "Sear ended 31st March, 31st March, 1917. 1916. Increase. Decrease. Customs Stamp and death duties Postal and telegraph Land-tax Income-tax Beer duty Railways Registration and other fees.. Marine Miscellaneous Territorial National-endowment revenue Other receipts £ £ 3,849,675 3,366,171 1,699,035 1,470,307 1,815,558 1,689,917 713,118 1,048,356 4,262,126 1,392,119 187,953 157,892 4,836,275 4,484,337 108,044 106,263 43,742 ; 46,228 518,063 424,505 215,787 219,314 85,971 92,655 32,200 12,073 £ 3,849,675 1,699,035 1,815,558 713,118 4,262,126 187,953 4,836,275 108,044 43,742 518,063 215,787 85,971 32,200 £ 483,504 228,728 125,641 2,870,007 30,061 351,938 1,781 £ 335,238 2,486 93,558 3 ',527 6,684 20,127 4,205,345 347,935 347,935 Totals 18,367,547 14,510,137 3,857,410

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II

Expenditure for the Year ended 31st March, 1917, compared with the Year ended 31st March, 1916.

PUBLIC WORKS FUND. £ Balance brought forward on Ist April, 1916 .... .... .... 1,293,102 Receipts,— Loan-money — Aid to Public Works and Land Settlement Act, £ 1914 .... .... .... .... .... 500,000 Other receipts .... .... .... .... 7,345 507,345 1,800,447 Expenditure,— Under appropriation .... .... .... .... .... 1,278,922 Balance at 31st March, 1917 .... .... .... .... *£521,525 * Note.—The balance on 31st March, 1917, is made up as follows :— £ Cash in Public Account ... ... ... ... ... 315,913 Imprests in hands of officers of the Government ... ... ... 5,612 Investment Account ... ... ... ... ... ... 200,000 £521,525

Year ended 31st March, 1917. Year ondod 31st March, 1916. Increase. Decrease. Permanent Appropriations— Civil List Interest and Sinking Fund Under Special Acts Subsidies paid to Local Authorities Territorial Revenue Endowments Old-age Pensions Widows' Pensions Military Pensions War Pensions £ 27,473 4,014,792 988,301 130,716 52,033 165,237 453,085 37,918 45,634 180,166 £ 20,280 3,190,^98 574,000 133,072 52,184 173,692 450,842 36,265 48,278 13,744- £ 7,193 823,994 414,301 £ 2,356 151 8,455 1,653 2,644 166^422 Annual Appropriations— Legislative Department 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 Mach'nery Departments Department of Labour Department of Lands and Survey Department of Agriculture, Industries, and Commerce Education Department Services not provided for 6,095,355 34,939 106,722 1,368,490 2,871,977 94,939 24,191 459,914 28,278 474,965 438,656 169,865 4,693,155 34,480 90,004 1,294,712 2,954,006 100,780 24,877 452,227 28,552 408,058 432,227 161,225 1,415,806 459 16,718 73,778 7,687 66,907 6,429 8,640 82,029 5,841 686 "274 13,606 32,725 192.992 216,897 31,676 235,322 191.774 1,049 25,123 42,330 1,406,264 41,601 1,329,166 30,866 77,098 10,735 7,963,415 7,799,952 294,623 131,160 Totals 1,710,429 144,766 144,766 14,058,770 12,493,107 1,565,663

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III

REDEMPTIONS AND RENEWALS. Apart from our obligations to the Imperial Government for war expenses, referred to in another paragraph, the total debt falling due during the year amounted to £1,859,040, and of tins amount £466,040 was renewed. £800,300 was redeemed with funds borrowed from the Post Oilice, £5,500 was provided by the Commissioners of the Public Debts Sinking Funds, while £587,200 was converted under the provisions of section 106 of the Finance Act, 1915. CONVERSIONS. The conversion scheme authorized by the Finance Act, 1915 (section 106), was continued during the year, with the result that a total sum of £2,133,000 has been converted into debentures with a currency varying to twenty-five years and bearing interest at 4| per cent, free of income-tax. LOANS FALLING DUE. The loans falling due during the seven years ending with the year 1924 are as follow:—

The particulars of the £1,209,121 falling due in London during the current financial year are as follow: —

TREASURY. As evidence that the work of this Department has increased both in volume and importance, I may mention that the amount paid into the credit of the Public Account during the financial year immediately preceding the war aggregated £17,000,000, while the total lodgments for last year exceeded £50,000,000. During the year just ended loan and financial operations of an unprecedented character were undertaken. Over £11,000,000 of the Dominion War Loan of £16,000,000 was raised in New, Zealand, at a net cost of \ per cent. only, which is considerably below the cost of "raising loans oh. the London market. '.'. The average cost of raising the last three loans in London prior to the war was 31 per cent., and the average cost of raising the two loans in New Zealand during the war was three-eighths of one pound per cent.

Year ending 31st March London. I Australia. New Zealand. Total. 1918 1918* 1919 1920 1921 1922 1923 1924 £ 40,700 1,168,421 134,350 42,800 £ 84,200 51,000 29,400 384,200 605,400 665,850 29,300 £ 3,238,456 1,520,515 3,695,745 9,721,257 5,348,190 65,500 386,800 £ 3,363,356 1,168,421 1,705,865 3,767,945 10,105,457 6,171,790 761,650 2,124,300 218,200 30 ,300 1,708,200

Date. Authority. Rate. Amount. 1917. April 1 New Zealand State - guaranteed Advances Acts, 4 1909-10, Land for Settlements Branch Per Cent. 4 £ 39,500 1918. January 1 ... March 31*... Maori Land Settlement Act, 1905 ... ... ... 4 Public Revenues Amendment Act, 1914, section 8, 3-J-and Public Revenues Amendment Act, 1915 (No. 2), section 9 4 3i 1,200 1,168,421 * Advances from Imperial Government {or war purposes. Treasury bills renewable.

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IV

Although practically 50 per cent, of the regular Treasury staff has joined the colours, the abnormal increase of work and responsibility thrown upon the Department in administering and controlling such large sums has been efficiently carried out. The staff is at present slightly below, its pre-war strength, but it has been found possible by close attention to work and the simplification of methods in the Treasury to carry out the additional duties without increase of staff. I feel it is their due that I should publicly acknowledge their services. IMPORT VALUES. The values of imports (calculated at invoice value plus 10 per cent., which is the value entered for ad valorem duties) as compared with the tonnage landed will give some idea of the increase in the value of merchandise as compared with the period before the outbreak of war. The proportion of value obtained from Great Britain and British ports, United States, and other. foreign countries is—

Trading with the Enemy. On the 26th September, 1916, an Order in Council was issued prohibiting the importation of goods of enemy origin from any destination. Prior to that time there was nothing to prevent the importation of enemy goods held in stock in British possessions prior to the war, and the result was that German and Austrian goods continued to find their way into New Zealand from stocks in Great Britain and Australia. Statements are frequently made that trading with the enemy still continues, and there is little doubt that this impression is due to the fact just stated. Many of the allegations as to enemy trade have been investigated, but in not a single case has it been shown that New Zealand importers have been knowingly receiving goods exported from Germany after the commencement of the war. Under arrangement made by the Imperial Government certificates of origin and interest are now necessary for goods exported from Switzerland, Holland, Denmark, Norway, and Sweden. These certificates are issued by a British Consular Officer, and are to the effect that it has been proved to his satisfaction that the goods have not been produced or manufactured in enemy territory, and that no person who is an enemy or who is associated with persons of enemy nationality has any interest in the goods. Stocks on Hand and Orders expected. Many merchants have been interviewed to ascertain as nearly as possible the stocks of goods on hand and the orders expected during the present financial year. It is found that in most lines stocks are heavy as compared with this time last year, in many cases quite 50 per cent, greater, but 35 per cent, is a fair average. This is the case with soft-goods, china, fancy goods, tobacco, and cigars. The retail shops are also overstocked, and consequently the wholesale stocks will, be slow to clear. Almost every- wholesale merchant visited stated that orders to go forward, and already sent forward, would be very much less than during the past year. Certain classes of goods can be procured from Great Britain only under the certificate of the Honourable Minister of Munitions. These include many chemical salts much used in the industries and manufactures, pig iron, railway material, steel billets, steel angles, channels, joists, and other sectional material and structural work. Saddlery, hardware, tinplates, and other goods are obtained with difficulty. As against the expected shortage of importations there is the fact that the stocks in the bonded warehouses are heavy. An all-round drop of revenue as compared with 1916-17 must be expected.

Year. British Ports. United S Value. Tons. Value. Other Foreign m . Itates. Countries; iota,s - Tons. Value. Tons. Value. Tons. — _r_ £ £ 125,755 1,923,346 52,157 21,856,096 1,538,755 138,741 1,401,449 58,457 2.1,728,834 1,370,057 230,341 1,535,897 63,697 26,339,283 1,299,944 1914 1915 1916 £ £ 17,649,784 1,360,843 2,282,966 17,727,137 1,172,859 2,600,248 20,833,461 1,005,906 3,969,925

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V

IMPORTS AND EXPORTS. The comparative figures showing the values of imports and exports for the financial years 1915-16 and 1916-17 are, — Imports. Exports. £ £ Financial year 1915-16 .. 22,917,437 33,781,711 1916-17 .. 26,162,706 30,538,460 Had all the shipping-space required been available it is possible that the value of exports for 1916-17 would have equalled that of the previous year. It is well known that large quantities of cheese, butter, tallow, frozen meat, and other produce have had to be held over through lack of ships. LAND-TAX AND INCOME-TAX. The net receipts for the past year amounted to £4,975,244, made up of land-tax £713,118, income-tax £4,262,126, and compared with the collection for the previous year show an increase of £2,534,769. Land-tax. The land-tax receipts compared with those of 1915-16 show a decrease of £335,238, which is accounted for by the abolition of the tax on mortgages. The comparison is as follows : — £ Receipts 1916-17 .. .. .. .. 713,118 1915-16 .. .. .. .. 1,048,356 Decrease .. .. .. .. £335,238 Income-tax. The income-tax receipts compared with those of 1915-16 show an increase of £2,870,007. The comparison is as follows : — £ Receipts, 1916-17 .. .. .. .. 4,262,126 1915-16 .. .. .. .. 1,392,119 Increase .. .. .. .. £2,870,007 MENTAL HOSPITALS. The total expenditure for the year on mental hospitals was £212,739, and the receipts for maintenance, sales of produce, &c, amounted to £68,190, leaving a net expenditure of £144,549, an increase of £14,758 over the previous year. This is accounted for by the rise in the price of provisions (meat, flour, oatmeal, sugar, &c.) and bedding and clothing on account of the war, and by the large increase in the number of patients during the year. The vote shows an unexpended balance of £5,803 at the end of the financial year. PUBLIC HEALTH. The necessity of conserving child-life to meet the ravages caused by the war has received attention. The birth-rate continues to show a regrettable decline, and though this is partially compensated for by our low death-rate the position cannot be regarded as satisfactory. Possibly economic causes are responsible to some extent, but I fear the real causes are to be found elsewhere. The care of our sick and wounded soldiers on their return from the front has been satisfactorily provided for in the general hospitals, as well as at the Convalescent Homes at Rotorua, Hanmer, Devonport, Lowry Bay, &c. To meet the cases of tubercular disease arising out of war service the Consumptive Sanatorium at Te Waikato, Cambridge, has been enlarged, and the Otaki Sanatorium has been taken over from the Wellington Hospital Board and enlarged. Soldiers suffering from neurasthenia and shell-shock are specially treated at Karitane (Puketeraki), and the Wolfe Home, Avondale. Numbers of discharged soldiers suffering from a recurrence of illness caused by war service have also been treated

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VI

in the various institutions. During the year a St. Helens Home was established at Invercargill. At Napier thejlllospital Board has been able to establish a maternity hospital through the gift of a property suitable for the purpose by Mr. L. H. McHardy. Other Boards are considering the establishment of maternity wards in connection with the general hospitals under their control. POST AND TELEGRAPH DEPARTMENT. The amount of revenue collected during the year was £1,815,558. It includes the war-tax of |d. on each article of postal matter excepting newspapers, and the 2d. war-tax on telegrams. Notwithstanding the fact that over £1,415,000 war-loan certificates were sold by the Post Office, the Savings-bank business reached an unprecedented total, the deposits being £15,576,408, and the withdrawals £12,957,420. The balance standing to credit of Post Office Savings-bank depositors reached the very considerable total of £25,603,209, an increase of £3,436,844. The money-order and postal-note business was normal, the total issues for the year amounting to £4,269,341, and the payments to £3,945,525. Of the total revenue, postages produced £913,458, telegramsj£4l3,Bs4, and telephone exchanges £317,275, the difference being made up ofj miscellaneous items. The principal increases in business were in connection ywith the telephone exchange, and the allied work of bureau communications. The annual report of the Department gives full details of the matters here briefly noticed. STAMP DEPARTMENT. The revenue from this Department still shows an upward tendency. During the last seven or eight years it has increased considerably each year ; prior to that period the revenue approximated half a million per annum, whereas this year the amount collected was £1,699,035, as against £1,470,307 last year, an increase of £228,728. The revenue from the totalizator, due to the increased duties under the Finance Act and the additional investments by the public during the year, shows a marked increase—viz., from £179,547 in 1915-16 to £251,436 in 1916-17. The bank-note tax has, owing to the withdrawal of gold coin from circulation and the legalizing of bank-notes, increased by approximately 25 per cent. The fact must not be overlooked that if the shipping-facilities do not soon return to normal conditions a considerable fall in the revenue from stamp duties may be expected. LAND REVENUE. The gross revenue received from Crown and endowment lands during the year amounted to £1,241,366, made up as follows :— £ Ordinary Crown lands .. .. .. .. 485,317 Land for settlements .. ... .. .. 437,980 Cheviot Estate .. .. .. .. 17,199 National endowment .. .. .. .. 120,319 Primary-and secondary-education endowments .. 92,161 Other sources .. .. .. .. .. 88,390 £1,241,366 The amounts outstanding at the close of the year were £25,478 postponements of rental and £22,815 ordinary arrears. LAND FOR SOLDIERS. ../.During the year ended 31st March, 1917, twenty-five settlements were purchased with a view to settling thereon soldiers who have been discharged from active service. Eighteen of the settlements have been subdivided and offered for selection, and the majority of the sections have been allotted. In addition, 201,210 acres of Crown and settlement lands have been subdivided and offered to discharged men.

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VII

The total area proclaimed as available for selection by discharged soldiers to date, 31st March, 1917, is 337,961 acres, comprising 712 holdings. Up to the 31st March, 1917, 384 discharged soldiers and members of the Expeditionary Force have been placed on holdings, the total area allotted being 309,092 acres. Where necessary, arrangements will be made to temporarily relet large areas of pastoral runs in the South Island suitable for subdivision, the licenses of which expire in March, 1918, in order that the soldiers may compete for them on their return at the conclusion of the war. The question of extending the licenses will be finally decided in September, by which time it will be apparent if such extension is required. The majority of the soldier-settlers readily adapt themselves to their new occupation —in fact, the success of some of the settlements is already assured. The settlers are doing well, and improving their holdings with the aid of Government advances. Owing to the comparatively small number of discharged men who desire to take up land there has been so far no difficulty in meeting the demand; and, in anticipation of the return of a large number of soldiers in the near future, efforts are being made to have suitable land available to meet the demand as it arises. Financial Assistance to Soldiers. Up to the 31st March last advances amounting to £62,421 were authorized to 199 soldier-settlers. Of this sum, £30,168 was advanced to 143 men. The advances were made under the Discharged Soldiers Settlement Act, 1915, for the purpose of enabling buildings to be erected and bushfelling, fencing, and ploughing to be done; in addition, assistance has been given to purchase stock, comprising cattle, sheep, horses, and pigs, also seed oats, wheat, and potatoes. Grass-seed and fencing-wire have been, purchased in bulk and distributed to many of these settlers in accordance with their requirements, and the value thereof secured by mortgage. All advances are secured by first mortgage, and bills of sale given against chattels as collateral security. Great care is exercised to see that sufficient security is provided before the money is advanced. Under the Act authority is given to raise £100,000 for the purpose of making advances to discharged soldiers; but as £62,421 was committed at the 31st March, and further heavy requests are likely to be made during the year, the borrowingpowers under the Act will have to be substantially increased. To relieve the financial strain upon men serving with the Expeditionary Forces, or who have been discharged from active service, remissions of rent, amounting to £5,311, have been provided, and to meet cases arising during the current year I estimate that about £10,500 will be required. LAND FOR ORDINARY SETTLERS. Owing to large areas of suitable lands being set aside for disposal to discharged soldiers the total area offered for general application during the year was restricted to small, rough, or isolated areas, and education and other reserves. In addition, considerable areas of land opened in previous years and remaining unselected are available for public selection. AGRICULTDEE. The agricultural industry, covering pastoral, dairying, and horticultural operations, has continued to maintain its position as an important factor in the prosperity of the Dominion. Agricultural products have again proved the leading feature of our exports, notwithstanding the fact that a large amount of produce, which would under normal conditions have been exported during the year, still remains in store owing to lack of shipping-facilities. The majority of the items of agricultural exports, it is true, show decreases when compared with the extraordinarily large figures for the previous year, although

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wheat, beef, hemp, and a few minor items show advances in both quantity and value, while butter, cheese, sheep-skins, and tallow show increases in value notwithstanding the reduction in the amount exported. The principal reasons for these decreases, which in most cases are not large, are, firstly, the above-mentioned shortage of shipping-space ; and, secondly, the diminution in the demand from Australia for oats, potatoes, chaff, peas, and beans, which were required in the preceding year owing to the drought which affected local production. It is a matter of congratulation that the agricultural exports do not show any appreciable decrease that may be fairly attributed to the strain placed upon the rural districts by the shortage of labour owing to the war. The world's demand for our wool, meat, dairy-produce, hides, skins, tallow, hemp, fruit, and other products seems certain to be more than maintained, and, provided ships are available for the transport of our output, increased production may be anticipated. STATE FORESTS. To assist forestry operations power was given in last year's Finance Act to raise £50,000, of which £10,000 was actually borrowed during the year. This sum, together with £4,250 contributed out of the Consolidated Fund and royalties, enabled the Lands Department to meet expenditure amounting to £27,810, being £2,503 less than the expenditure of the previous year. As all the plantable land at Hanmer was filled it became necessary to find more land in Canterbury suitable for tree-planting. An area of 6,593 acres of the poor part of the Balmoral Estate was therefore purchased. As the land is only sixty-two miles from Christchurch, and is on the railway, it is in a very favourable position for profitable timber-production, and can readily be supplied with young trees from the nursery at Hanmer. Owing to the continuance of the war, proposals for the expansion of afforestation could not be given effect to this year. However, when the financial pressure is relieved it is proposed to extend this important work. As a result of the conditions produced by the war the revenue derived from timber has fallen somewhat. The scheme of State assistance in connection with tree-planting by farmers has proved very satisfactory, and the demand for trees for farm plantations and shelter-belts is increasing. LAND FOR SETTLEMENTS. The operations of the Department have been confined principally to the purchase of land for discharged soldiers. The area purchased amounts to 50,140 acres, valued at £564,110. The offers received have been based upon the high values now ruling for all produce, therefore it has been a hard matter to secure lands except on such a basis. SWAMP-LAND RECLAMATION. The reclamation of Hauraki and Rangitaiki Plains has been steadily carried on during the past year, with most beneficial results. Owing, however, to the exigencies of the war it has not been possible to obtain all the labour or machinery required, and this has prevented the opening of new areas for selection on the Hauraki Plains. Under the provisions of the Swamp Drainage Act, 1915, reclamation-work has been started in connection with Poukawa, Kaitaia, and Waihi areas. Suitable labour has been difficult to obtain for the reasons above stated ; and the dredges ordered from England have not as yet been delivered, owing to the demands on the contractors by the Imperial Government for war material. It is intended from time to time to bring other areas under the provisions of this general Act, as the success attending present undertakings fully warrants the development of the swamp lands of the Dominion,

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STATE ADVANCES OFFICE. This important Department of the State is still continuing its operations, although the lending Board has since the war began found it necessary to restrict the amounts which can be lent to any one local authority or individual. A considerable amount is being lent to local authorities, but no individual authority is granted a loan in excess of £5,000 in any year. The maximum allowed a settler for improvements is £.1,000, while under the Workers Branch the full limit allowed by law—-£4so—is being advanced. The rate of interest has remained, unaltered. The rate chargeable to local authorities is 4| per cent., and to settlers and workers 5 per cent., reducible to 4| per cent, for prompt payment. Statement showing Total Amounts of Advances paid over prom the Commencement of Scheme to 31st March, 1917. £ Advances to settlers .. .. .. .. 17,240,300 Advances to workers .. .. . . . . 3,347,395 Advances to local bodies .. .. .. 2,841,140 £23,428,835 Statement showing Loans authorized but not paid over as at the 31st March, 1917. £ Advances to settlers . . . . .. .. 105,105 Advances to workers .. .. . . .. 53,105 Advances to local bodies . . . . .. . . 221,795 £380,005 DEFENCE DEPARTMENT. The necessary details regarding the expenditure of the Defence Department are set out in the annual report of the (General Officer Commanding the New Zealand Military Forces, a reference to which will show that the work of the Defence staff, both military and civil, has increased enormously. The war expenditure for the year ended 31st March, 1917, amounted to £14,344,523, including pay of troops, cost of transport, supplies, equipment, relief moneys, and all maintenance or other charges in. connection with the war, as well as the administrative expenses of the National Efficiency Board, Munitions and Supplies Board, Soldiers' Financial Assistance Board, and Discharged Soldiers .1 nformation Department. The total war expenditure up to the 31st March, 1917, with advances outstanding, amounted to £23,337,475. If the present rate of reinforcements is maintained it is estimated that a sum of £24,000,000 will be required for the financial year 1917-18. Details of the expenditure will be laid before the House in due course by the Hon. the Minister of Defence. It is a matter of congratulation that during the year all necessary reinforcement drafts were despatched from New Zealand with unfailing regularity, and that they reached, their destination safely. General satisfaction, is expressed by the authorities in the United Kingdom and Egypt at the efficiency and quality of the reinforcements which have arrived during the year. The training syllabus in New Zealand is kept up to date, and is systematically arranged so as to afford progressive instruction from the time the recruit arrives in camp until the reinforcements reach the advanced training-depots in England. The training of the home Forces has been arranged in such, a manner as to clash as little as possible with public requirements. To permit of this, power has been granted to local military authorities to grant leave without reference to general headquarters, and, in the case of men employed in essential industries, to grant exemption from their annual training in the Territorial Force.

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The supply of clothing, equipment, and supplies has generally proved satisfactory, and all military requisitions have been amply filled under direction of the Lion, the Minister of Munitions and Supplies. Notwithstanding the great pressure of work occasioned by the war, the organization of the administrative and financial services has been proceeding steadily along the standard lines laid down when compulsory military training was determined upon. The unprecedented conditions which have obtained created difficulties which could not have been foreseen, but these difficulties have been satisfactorily met and overcome, while the experience gained during the war is already being applied. In this connection the services of officers who have recently returned from the front are being freely utilized. The control over issues, and the existing independent departmental checks, are being gradually extended and improved. The arrangement whereby the Controller and Auditor-General's statutory examination of vouchers and war accounts proceeds concurrently with the payment of claims is proving satisfactory. Honourable members will, lam sure, be glad to have the assurance that by this means an accumulation of war accounts is prevented, that the requirements of law are met as the work of accounting proceeds, and. that all expenditure is duly authorized and supported by satisfactory receipts or vouchers. MUNITIONS AND SUPPLIES. Owing to an extension of the activities of the Military Supplies Purchase Office, it was early this year found more convenient to transact business connected with coal-supplies, priority permits, and the purchase of military supplies under the title of " Munitions and Supplies Department," and a Department accordingly has been established. The Government became apprehensive in December last of possible shortages in supplies of coal, and six cargoes were, during that month, secured from the Admiralty. The supply so received has been treated in the nature of a reserve stock, and has, during the recent reduction in the New Zealand mines' output, been of great benefit to the Dominion, and has been utilized for the purpose of maintaining transport both on land and sea as well as for other national purposes. The terms upon which the reserve of coal has been disposed of provide that the users shall return equivalent quantities of Newcastle or New Zealand West Coast coal, so that the reserve shall he maintained. At the request of the Ministry of Munitions in the United Kingdom the Government established a local authority in the Dominion for the purpose of advising the Ministry in regard to the position of import orders from the United Kingdom. The method of dealing with business of this nature has been productive of satisfactory results to New Zealand importers, who otherwise might not have secured their supplies. The work done by the High Commissioner in. this connection has been greatly appreciated by our commercial community. The work of purchasing stores and supplies for New Zealand military purposes has been steadily pursued. Towards the close of last year the military authorities were requested to as far as possible estimate their requirements for the calendar year 1917. On being costed the position was found to be : (a) Stores, £727,510 ; (b) supplies, £568,918 ; (c) drugs, £17,460 : total, £1,313,888. To date, orders for goods to the value of £612,090 have been placed, leaving goods to the value of approximately £701,798 to be purchased during the balance of this year. The policy of concentrating orders and of purchasing ahead, which was followed during last year, has proved a sound and economical one for the Government. SAMOAN ADMINISTRATION. The estimates for the British occupation of Samoa show an excess of revenue over expenditure. The health of the garrison continues good, and the number of troops employed is reduced to the lowest minimum consistent with safety. Eeinforceinents for this garrison are drawn mainly from men just over the age of enlistment in the Expeditionary Force.

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WAR-RELIEF FUNDS. During the past financial year the public has continued to subscribe very handsomely towards the various relief funds, and has also made liberal donations of comforts for our troops and for the civil populations suffering from the effects of the war. The amounts contributed through the Government by the people of the Dominion are, — -P, . . _~,-, , Year ended Two Years ended Belgian Relief Fund— 31st Marob> 1917 . 3Lst March) 1917 . Subscriptions subject to Government £ s. d. £ s. d. subsidy .. .. .. 54,137 8 2 113,144 16 10 Special contributions .. .. 6,514 12 1 147,948 19 1 Other Belgian Funds .. .. 25,714 10 2 32,367 1 7 86,366 10 5 293,460 17 6 Other Allies .. .. .. 10,176 4 3 22,140 10 10 Great Britain and Ireland .. .. 1,740 18 1 7,635 17 7 Military Funds — British Red Cross .. . 65,776 17 0 85,681 9 1 British Navy relief .. 95,701 8 0 95,701 8 0 New Zealand hospital ships .. .. 61,131 4 2 New Zealand comforts .. .. 67,216 9 9 83,479 18 2 New Zealand war relief .. .. 682 I 6 11,952 18 0 New Zealand convalescent homes . . 652 1.3 5,78231 Sundry funds .. .. .. 10,550 17 3 12,038 910 Voluntary contributions .. .. 338,863 7 6 679,004 16 3 Government contributions to the Belgian Relief Fund, including subsidy on amount shown above .. .. 109,137 8 2 228,144 16 10 £448,000 15 8 £907,149 13 1 These figures do not represent the total contributions from the Dominion to the objects named, as some contributions were forwarded through private channels. The approximate value of the gift goods forwarded from the Dominion for various purposes is as follows :— Year ended Total to 31st March, 1917. . 31st March, 1917. £ s. d. £ s. d. Poor of Belgium .. .. .. 6,200 0 0 83,200 0 0 Poor of United Kingdom .. .. 1,270 0 0 4,270 0 0 Red Cross purposes .. .. .. 150,995 0 0 210,865 0 0 £158,465 0 0 £298,335 0 0 In addition to the contributions in money and kind, it is estimated that the total funds raised by the patriotic societies to the 31st March, 1917, amount to £2,095,931. MINING. The value of the minerals exported for the year 1916 was £1,726,659, which is less than the value exported during the previous year by £375,771. This decrease is more apparent than real, as it is due very largely to the stoppage of the export of gold during the latter part of the year .19.14. Owing to this stoppage the accumulations for the year 1914 were exported during the year .1915, consequently the exports for 1915 were unduly inflated. The output of coal for the year 1916 was 2,257,135 tons, an increase|of 48,5.11 tons above that of the previous year. With the exception of the output for the year 1914, the above figures constitute a record for the Dominion. The maintenance of the output, in view of the shortage of labour and the lack of shipping, is a matter for congratulation.

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IN 1) USTRIAL CONDITIONS. As was the case last year, there has been practically no unemployment. Trade has been brisk throughout the Dominion, and there has been a considerable shortage of men in many branches of industry. The question of meeting the requirements of the Dominion in this direction is receiving the attention of the Government. The shortage of labour and the increase in the cost of living were the causes of a number of industrial disputes during the year under review. In most cases the disputes were settled without much loss of time or output. The year was important in this connection, inasmuch as the currency of the awards and agreements for seamen and waterside workers and also for most of the coal-miners of the Dominion had expired. ' WORKERS' DWELLINGS. In addition to the completion of thirty-seven dwellings commenced in the previous year, twenty-eight new dwellings have been built, and eleven were also in course of erection on the 31st March, making the total number of workers' dwellings in the Dominion 629. The year's expenditure under this heading was £35,437. STATE SOCIAL INSURANCE SYSTEM. National Provident Fund. The progress of the fund has been maintained, and the general membership at the 31st March last numbered 10,143, with accumulated funds amounting to £135,000. Maternity benefits during the year 1916 totalled £3,776, claimed by 634 contributors. The contributors on active service at the end of last year numbered 2,117. One-half "the contributions of soldier contributors while on active service is being paid by the Government. This grant amounted to £5,739 in the year 1916-17. The branch of the fund's operations relating to local authorities' superannuation has received attention. Several local bodies have become contributors on behalf of their staffs under the special tables adopted by the National Provident Fund Board. The steps so far taken in connection with this important reform are such as to encourage the hope that a general scheme of superannuation will before long be in operation for local-authority employees. A system of maternity and annuity benefits for friendly societies under the amending legislation of last session is now in operation. Owing to the delay incidental to the inauguration of a new system the claims for maternity allowances chargeable to the vote for the last financial year did not reach the estimated expenditure. The allowances will, however, be carried forward and included in the current year's vote. For friendly-society maternity allowances I will ask the House to provide £22,000. Friendly Societies. A " Reinsurance Fund" has been established, and is being administered by the Minister' of Finance, the Minister of Friendly Societies, and the Registrar. This fund pools the whole of the death war risks on account of members on military service, the Government paying one-half the total premiums and the societies the other half, for the purpose of insuring each member as he joins the Expeditionary Forces. The amount of premiums and State subsidy held on account thereof amounted at the 31st March to £16,035 3s. 6d., insuring members for a total sum of £200,424. DEPARTMENT OF TOURIST AND HEALTH RESORTS. The progress shown by this Department in last year's Financial Statement has been continued. The direct revenue returns disclose an increase of £2,088 over last year, having risen from £31,048 to £33,136. There has been a considerable influx of travellers from America, and the Australian traffic has also been satisfactory considering the existing conditions.

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LIGHTHOUSES. The Okuri Point Lighthouse, near the French Pass, has been completed, and the light was first exhibited on the 24th June, 1916. Owing to the unsatisfactory way the Pintsch-gas light on Jackson's Head has been acting it was decided to replace it with an Aga acetone-acetylene light. This was completed on the 19th. March last, and so far has given every satisfaction. During the year incandescent lights were installed at Cape Foulwind and Manukau South Head Lighthouses. HARBOUR-WORKS. An automatic Aga acetone-acetylene light has been erected on Takataka Rock, at the northern end of the Narrows in the upper part of the Hokianga River. It was first exhibited on the 12th December last. An acetone light was installed on the large red buoy about two miles east of Dog Point in the Northern Wairoa River, Kaipara Harbour. The light was exhibited from this buoy on the 24th October last. Owing to the necessity for economy during the war very little has been done in regard to harbour-works beyond keeping the existing works in a state of repair. During the year the beacons marking the entrance to the Waikato River were re-erected. For some considerable time vessels had not used this entrance, but of late steamers have commenced to again work the port. GOVERNMENT STEAMERS. During the year the " Hinemoa " has continued to carry out the duty of tendering the various lighthouses, in addition to overhauling and painting all coastal buoys and beacons and buoys in harbours under the control of this Department. The training-ship " Amokura," used for training boys for the sea, has made three trips to the southern islands in search, of castaways, and has examined the provision-depots maintained by the Government for the benefit of persons shipwrecked there. No difficulty has been experienced in maintaining the full complement of sixty boys, and at present there is a large number of boys waiting for admission when vacancies occur. IMMIGRATION. Owing to the continuance of the war there was a great falling-off in the number of immigrants arriving in the Dominion during the year ended 31st March, 1917. The majority of those brought out under the Government scheme are the wives and families of persons who are already resident in the Dominion, and domestic servants. The policy of not granting assisted passages to any persons who are eligible for military service has been adhered to. At the conclusion of the war it is proposed to inaugurate a more vigorous immigration policy, and to make provision which will enable a number of widows and orphans of fallen soldiers and sailors to emigrate to New Zealand. PUBLIC TRUST OFFICE. The net profits for the year are, approximately, £59,000. This is the highest in the history of the Office, and affords ample evidence of the efficiency of the administration, the growth of the business, and the ever-increasing confidence of the public. The first annual bonus to beneficiaries was paid during the year out of excess profits. The amount distributed exceeded £22,000. A similar bonus, amounting to £27,000, will be distributable this year. The preparation of the wills of soldiers at Trentham by qualified legal officers is still continued, and thousands of soldiers have appointed the Public Trustee their executor. Moreover, hundreds have also appointed the Public Trustee attorney to supervise and manage their estates during their absence at

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the war. For preparation of wills and powers of attorney no charge is made. Where the Public Trustee administers or acts as attorney the charges are fixed on a specially reduced scale. In this way, as also in the control of enemy property and other matters, the Public Trust Office is rendering very valuable assistance during the war period. INSURANCE OF PUBLIC BUILDINGS. During the year claims amounting to £4,576 were paid out of the special sinking fund established to meet losses on public buildings destroyed by fire. The annual contribution of £10,000 made by the Government was paid over to the Public Trustee, by whom a credit balance of £48,988 is now held. STATE FIRE INSURANCE. For the past year the volume of business and the profits derived by the State Fire Insurance Office have exceeded all previous records. The net premium for 1916 amounted to £82,694, as compared with £76,299 for the previous year, showing an. increase of £6,395. The net profits, after placing £1,000 to Investment Fluctuation Reserve and £2,577 to Unearned-premium Reserve, amounted to £35,697. The largest profit previously recorded amounted to £25,652, for the year 1915. The loss ratio for 1916 was 28-22 per cent, of premium income, which is an abnormally low ratio. For previous years the loss ratio has ranged from 38-6 percent, to 70-9 per cent. The total accumulated funds at the close of 1916 amounted to £155,958, an increase over the previous year of £39,274. GOVERNMENT PRINTING AND STATIONERY DEPARTMENT. The inflated price of paper, stationery, and stores will necessitate a considerable increase in the vote required for the Printing and Stationery Department for the present year. In some cases prices have increased by as much as 200 per cent., and rarely can goods be purchased at less than an advance of 25 per cent, on previous values. PUBLIC SERVICE SUPERANNUATION FUND. During the year ended 31st December, .1916, retiring-allowances aggregating £11,693 per annum were granted to sixty-seven contributors by reason of age or length of service ; fourteen contributors who retired as medically unfit were granted allowances amounting to £751 per annum; forty-four widows and fifty-five children were granted the statutory allowances, totalling £1,507 per annum; seventy-three allowances, amounting to £4,829 per annum, were discontinued. The total number of existing allowances at the end of the year was 1,233, representing an aggregate annual payment of £88,392. The total amount invested to the 31st December, 1916, was £834,341, yielding interest at an average of 5j per cent. EDUCATION. The year just closed has been marked by important reforms in the financial and administrative methods and general work of the Education Department. Special consideration has been given to primary education, and steps have been taken to make instruction more thorough. The natural growth of the population compels an extension of educational facilities. This extension and the increase due to statutory provisions account for most of the additional expenditure included iti the estimates for the year. The difference between the amount expended last year and the estimated expenditure for the year 1917-18 is £76,787, and of this amount £57,000 is due to increases in statutory grants. It should be recognized that the Education vote is not utilized for primary, secondary, technical, and university instruction only. Of the total vote a sum of £61,000 was spent for the maintenance of industrial schools, institutions for the deaf, schools for backward children, infant-life protection, education of the blind, medical inspection, physical training, subsidies to libraries, and many miscellaneous services of a subsidiary character.

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Special Schools. The extensive work connected with the industrial and special schools branch has been carefully overhauled, and improved methods have been introduced, which will limit waste and secure better results for the money expended. The number of children dealt with in industrial schools at the end of the year was 3,283, while the expenditure was £40,000. The system of probation inaugurated at Auckland, some three years ago has proved successful, and is about to be extended to the other three centres of population. As a result of a new classification of inmates, together with a more extensive system of boarding out or licensing out inmates, there will be a considerable saving in both capital and annual expenditure. The annual saving in maintenance ultimately resulting from, the new policy is estimated at £15,000. This economy will be effected not only without detriment to the welfare of the children, concerned, but in. some respects with a decided benefit to the present inmates. As a matter of national well-being it is important that the Government should deal comprehensively with the question of the care of all feeble-minded children in the Dominion. At present the Education Department has about a hundred and fifty cases in its care, and the Mental Hospitals Department about a hundred, but it appears that there are at least six hundred other cases of feeble-minded young people who should be taken charge of by the State. The whole question should be dealt with before the number of cases has an opportunity of multiplying. School Buildings. Since the outbreak of war the increased cost of material and labour has seriously affected all building proposals. Only works which were absolutely essential have been authorized ; but as a result of this action the Department will, when normal conditions prevail, be faced with heavy demands involving large sums to replace school buildings which, are at present unsuitable. Efforts have been made to standardize school buildings with a- view to greater economy in. future. In the accounts of Education Boards the recent amalgamation of districts has brought into prominence the position of Boards with respect to the annual allowances made for the maintenance and. replacement of schools, and the methods of dealing therewith. The position disclosed, is more or less unsatisfactory, and proposals have been lxade for the establishment of a better system of providing funds for replacements. Teachers' Superannuation Fund. The income during the year ended the 31st December, 1916, was £90,481, madeup as follows : Contributions of members, £56,038 ; interest on outstanding contributions, £255 ; interest from Public Trustee, £16,466 ; contributions transferred from other funds, £722 : Government subsidy, £17,000. The expenditure for the year was £49,905. The value of the fund on the 3.lst December, 1916, was £381,158, as against £340,582 on. the 3.lst December, 1915, an increase of £40,576. The number of contributors increased, from 4,444 on the 31st December, 1915, to 4,653 at the end of 19.16, an increase of 209. The annual allowances payable as at the end of .1916 were £44,666, as against £39,000 at the end of 19.15. Provision has been made for the payment by the Government of the contributions of members of the fund who have enlisted with the Expeditionary Force, until the release of the contributors from military duties. The number of contributors who have joined the Force is approximately 350. BOARD OF TRADE. The Board of Trade, constituted under the Cost of Living Act, 19.15, has carried out important duties during the year. Its operations have resulted in a considerable saving of expense to the consumers of commodities which are in common use. Where it appeared necessary and the common interest demanded it, maximum prices have been fixed by regulations under the Regulation of Trade and Commerce Act. It

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will be seen from the report of the Board, which will be presented to Parliament shortly, that, according to reliable official statistics, the scale of food-prices in New Zealand is lower than that obtaining in the other countries mentioned in the report. Comprehensive information has been obtained by the Board for the Government as a result of its investigations into the prices of butter, wheat, flour, bread, and petrol. The serious rise in meat-prices over pre-war rates in several towns in New Zealand was made the subject of special inquiry. Prices were steadied, and in some towns controlled, by allowing butchers to draw their supplies from stocks of meat which were being held for the Imperial Government. In Auckland, where meatprice i were comparatively higher than in other centres, two meat-depots were opened under State control. The saving to the consumers effected by the operation of these depots, and the meat question generally, will be fully dealt with in. the Board's report above referred to. PENSIONS. The gross payments made under the Pensions Act, 1913, through the Post Office during the year were as follows : — £ Old-age pensions .. . . .. .. 480,229 Widows' pensions .. .. .. .. 38,016 • Military pensions (Maori War only) ~ . .. 45,673 Total .. .. .. .. £563,918 These figures show increases over the figures of last year of £890 for old-age pensions and £1,659 for widows' pensions, with a decrease on account of military pensions of £2,600, making a net decrease in all of £51. Payments of miners' pensions under the Miner's Phthisis Act, 1915, totalled £8,065. The numbers of pensions in force under each head and the approximate annual liability in regard thereto at the close of the year were, — XT i r. -n • Annual Liability. Number ot Pensions. „ J Old-age pensions .. .. ..19,697 482,000 Widows' pensions . . .. .. 2,024 39,000 Military pensions .. .. ..1,232 44,000 Miners' pensions .. .. .. 238 10,000 Total.. .. .. 23,191 £575,000 The numbers of widows' and miners' pensions represent increases of 134 and 118 respectively over the figures of the previous year, while the old-age and Maori War pensions have decreased by 107 and 91 respectively. War Pensions. The claims for war pensions dealt with from the passing of the War Pensions Act in August, 1915, to the 31st March, 1917, total 7,337, made up of 4,677 from discharged soldiers and 2,660 from dependants of deceased and disabled soldiers. These have been dealt with as follows : — Soldiers' Dependants' Claims. Claims. Pensions for twelve months and upwards. . 1,003 2,075 Temporary pensions .. .. ..3,194 258 Declined .. .. .. 436 259 Adjourned .. .. .. .. 10 10 On hand .. .. .. .. 34 58 Total .. .. .. 4,677 2,660

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The annual values of the pensions granted are as follows : — Number of Annual Average Pensions. Values. Pension. To soldiers (twelve months and £ £ upwards) . . .. . . 1,003 53,087 52 To wives and widows (including 686 children) .. .. .. 437 42,916 98 To other dependants . . .. 1,638 47,872 29 To soldiers (temporary pensions) .. 3,194) To dependants (temporary pensions, 198,320 57 including 332 children) .. 258) Totals .. .. 6,530 £342,195 £52 Of the total pensions granted, some 1,300, which were granted for a period only, have been terminated, and the annual liability in regard to the remainder at the close of the year stood at £270,000. ||The gross payments made by way of pension in New Zealand during the year amounted to £.176,982, to which must be added the amounts paid to dependants of returned soldiers, who subsequently became pensioners, by way of allotment after the date of casualty, and also payments made to pensioners residing in Great Britain and Australia by the High Commissioner and Commonwealth pension authorities respectively, amounting in all to another £15,000 at present, of which amount some £7,500 only had been brought to charge at the close of the year. IMPERIAL GOVERNMENT SUPPLIES. During the past year the operations of the Department controlling Imperial Government supplies have been considerably extended. Frozen Meat. The handling of frozen meat began on the 3rd March, 1915 ; the total shipments amounted to 1,313,748 quarters beef, 5,279,408 carcases mutton, 6,928,023 carcases lamb ; and the payments, £15,800,701. The prices which had been current from the date of the inception of the scheme were increased as from the 20th October, 1916, as follows : Mutton and lamb, |d. per pound increase ; beef, Jd. per pound increase. The number of insulated steamers despatched during the twelve months ended 31st March last was seventy-six, compared with eighty-one for the previous year. Four steamers provided with insulated space engaged in the New Zealand trade were reported as having been sunk by the enemy during the year. Sheep-skins and Hides. The purchase of sheep-skins and hides commenced on the Ist February, 1.917. The number of sheep-skins purchased was 213,202, at a cost of £60,883. Hides and calf-skins are being valued, purchased, and shipped for the Imperial Government. No transactions had taken place up to the 31st March, 1917. Wool. Early in November, 1916, the Imperial Government advised that it was proposed to requisition all wool comprising the New Zealand 1916-17 clip, and

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after consultation with representative growers and other persons connected with the wool industry a price was agreed upon which represented an advance of 55 per cent, on pre-war prices. The export of wool was prohibited on the 18th November, 1916, and on the 21st December following, a Proclamation was issued requisitioning all wool of the 1916-17 clip. No organization or machinery existed to give effect to the requisition of the Imperial Government, and the Minister of Agriculture appointed an Advisory Committee to deal with all matters affecting the preliminary details and assist the Department. The scouring of low-grade wool and the purchase and fellmongering of sheepskins on behalf of the Imperial Government have been undertaken. The results of the operations from the Ist December, 1916, up to the 31st March, 1917, were : Total number of bales valued, 421,388 ; number of bales shipped, 219,030 ; number of bales paid for, 399,529 ; total payments made, £9,315,924. Cheese. The arrangement entered into with the Imperial Government under which one-third of the production of cheese for the season 1915-16 was made available for Army purposes was completed on the Ist October, 1916. The quantity shipped was 189,502 crates, and the total payments £917,748. On the 16th January, 1917, the export of cheese was prohibited, and arrangements were made with the factories for the purchase on behalf of the Imperial Government of all first-grade and second-grade cheese available for export; the price was fixed at 9|d. per pound for first-grade and 9jd. per pound for second-grade cheese. Satisfactory arrangements for payment of the cheese and for storage were made with the Imperial Government. During the 1916-17 season the shipments totalled 153,845 crates, and the payments £1,547,408. Owing to the shortage of shipping facilities in the early part of the season very heavy accumulations of cheese resulted, and it became necessary to keep much of the supply in stores which were more or less unsuitable for the purpose. To meet this difficulty special representations were made to the Imperial Government through the Right Hon. the Prime Minister, with the result that large shipments were provided for during March and April, 1917. As a means of checking any possible risk of deterioration, arrangements have been entered into with the overseas shipping companies under which the cheese is now being carried at a reduced temperature. General. The purchase of scheelite started on the 20th September, 1915 ; 350 tons were shipped, for which £67,480 was paid. The'total payments made to producers on behalf of the Imperial Government from the 3rd March, 1915, to the 31st March, 1917, amounted to £27,819,116. RESERVE. I announced in last year's Budget that a special reserve had been established in London for the purpose of meeting possible sudden demands resulting from the war. I felt that the Reserve Fund of £800,000 ordinarily maintained in London was insufficient under the present unusual conditions, and I have invested in London out of surplus revenues a sum of £3,917,731 for this purpose. The public has been placing a large amount of its cash at call with the Post Office, and I feel convinced that when peace is declared a very considerable proportion of these deposits will be claimed. We have been borrowing these Post Office deposit-moneys for war purposes and other local needs, and it is probable that the Consolidated Fund may after the war have to repurchase some of the securities it has given to the Post Office to enable the Postal Department to meet its obligations.

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Since the war began we have borrowed approximately £10,000,000 from the Post Office. This is apart from the sum raised by the Post Office on five-year war certificates. After peace is declared it is probable that increased internal developments and business activities, together with the necessity of repairing the world-wide damage caused by the war, will create a great demand for money, and it would be cheaper for the Government to have its own money for use then than to borrow. It must not be forgotten, however, that the Post Office call-moneys are still accumulating and must be invested. At the end of the current year the total borrowed and invested by the Treasury from the Post Office will, in all probability, largely exceed £10,000,000. I trust honourable members and the country will recognize how important it is to have each year's surplus of revenue during the war invested and held for repayment to the depositors in the Post Office, and should events show it is not necessary for that purpose, then it should be used for paying off war advances from the Imperial Government. The above £3,917,731 has been invested in Imperial Government securities, which can, of course, be realized if the necessity to do so should arise. The important fact remains that we have a strong Reserve Fund in London, Avhich gives a financial advantage to the Dominion during the war that cannot be overestimated. WAR EXPENDITURE. Since the commencement of hostilities the war expenditure of the Dominion had, up to 30th June last, reached the large sum of £28,439,912, and as this expenditure is increasing in proportion to the increased number of men we are despatching to the seat of -war, it is probable that by the time the House meets again the expenditure will have reached £50,000,000, and I need not remind honourable members of the sacrifices which the people of the Dominion must be prepared to make in order to meet this huge expenditure. It is of paramount importance that this should be recognized by every one in the country. I am pleased to be able to inform honourable members that not only has a considerable amount of money for war purposes been raised in New Zealand through the Treasury and Post Office Departments, but funds have been provided for carrying on other necessary services as well. It will be remembered that during the early stages of the war the Dominion was dependent upon the Imperial Government for advances to enable it to train and equip its soldiers and maintain them at the seat of war. For a time this was necessary, but as soon as it was possible for New Zealand to provide its own funds for defraying the expenditure necessary for the conduct of its share of the war it was done. The current expenditure in connection with the war may be estimated at approximately £1,900,000 a month. Fortunately, however, the resources of the country are able to bear the heavy strain which is being placed upon them, and though anxious as to the future I have the utmost confidence that the people of the Dominion can be fully relied upon to provide the necessary means. In addition to the expenses of training, equipment, transport, &c, of our troops, there are maintenance expenses being continually incurred at the seat of war, which, for the purposes of convenience, are being defrayed by the Imperial Government. Claims are subsequently made by the War Office to cover this expenditure, and the claims so made up and provided for to the 31st December, 1916, amounted to £4,500,000. During last session of Parliament I asked the House to grant the necessary authority to enable the Government to raise a sum of £16,000,000 for the purpose mentioned, and immediate steps were taken to place the prospectus before the public for the flotation of a loan of £8,000,000, The response to this appeal was most gratifying, as this sum was largely oversubscribed. 1 wish to thank the banks and other institutions for their liberal subscriptions, and also the Press which assisted materially in making the loan a success. The public also is to be congratulated upon the liberal manner in which it subscribed.

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The smaller subscriptions, made chiefly out of the savings of the people through the Post Office Department, amounted to no less a sum than £1,415,000, and I want to thank the small investors for the great assistance they have given in providing so large a portion of the loan. I have mentioned above that during the early stages of the war the Imperial Government provided all the funds required by the Dominion, for war purposes. The amount so provided amounted to £14,410,000, but in addition to this amount there was a sum of £3,250,000 advanced for the redemption of certain loans which were maturing about the end of 1914, making a total of £17,660,000 advanced since the commencement of the war. The Dominion gave to the Imperial Government, as security for these several advances. Treasury bills and memoranda of agreement which were renewable year by year. While in London I arranged with the Imperial Government to extend the currency of the greater portion of these loans until 1945 and 1947. By doing so the necessity for going upon the London market during the war was avoided, and it will be recognized that a great saving to the Dominion has been effected. I am sure that the terms obtainable in the open market would have proved most costly to us, and it must be remembered that the country has saved underwriting, commission, brokerage, and other charges, which axe inseparable from the floating of a loan on the London market. It is important to remember that by deferring these heavy liabilities for so many years our financial position after the war will be given greater stability. LOAN FOR PUBLIC WORKS. The expenditure on public works during the war has been greatly curtailed, and in consequence it has been possible from time to time to borrow sufficient money from the Post Office to enable provision to be made for this expenditure. During the year 1916-17 amounts totalling £500,000 were thus borrowed from the Post Office, and there was at the 3.lst March an unexhausted authority for £745,100 available for further necessities. Although the public-works expenditure will be kept as low as possible during the current year, it will be necessary during this session to ask the House for an additional authority for £750,000. Of this amount £250,000 will be required for telegraph extension. No public loan will, however, be required for these purposes. RESULT OF THE YEAR'S OPERATIONS. Consolidated Fund : Ordinary Revenue Account, — £ Balance brought forward on Ist April, 1916 .. .. .. 2,166,077 Receipts during year, — £ Revenue .. .. .. .. 18,335,347 Other receipts — Recoveries on account of £ previous years .. 19,847 Sinking fund set free .. 12,353 32,200 £ 18,367,547 Expenditure during year, — Appropriations .. .. .. .. 14,058,770 — 4,308,777 Balance on 31st March, 1917 .. .. £6,474,854 This credit balance is large, and was intended by me to be so. The Dominion's financial war requirements are enormous, but not more than the country can stand. There is a considerable shrinkage in the revenue this year, and it is imperative that the Consolidated Fund should be in such a position that it can make up any loss of revenue, and also, if necessary, contribute a portion of the means required for carrying on the war.

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WAR LOAN. In view of the very large expenditure which is being incurred, it will be necessary at an early date to take steps to raise within the Dominion a fresh loan for war purposes, and the House will be asked to grant authority to enable an amount of £24,000,000 to be borrowed. The whole of this sum will not be borrowed at once. I propose to put a loan for £12,000,000 on the market with as little delay as possible. I hope it will not be necessary to raise a second loan of more than £10,000,000, but authority for a margin of an additional £2,000,000 is desirable. The rate of interest will be A\ per cent., and will be free of income-tax. I will submit a proposal under which a portion of this loan will be made availa l le for payment of death duties. It will be specially earmarked for that purpose. I will make a full statement in regard to it when moving the second reading of the Loan Bill. I may here state that I propose to introduce a measure this session which will enable subscribers to the new loan to accept either bonds or inscribed stock at their option, and also to convert existing war bonds into stock, while the usual provision for the issue of war certificates through the Post Office will be continued. In the event of the voluntary contributions falling short of the amount required, I will ask the House for authority to introduce a system of compulsory contribution, under which persons who have not done their part in helping to provide the necessary finance for carrying on the war, and for providing adequate payment to soldiers and their dependants, will be assessed with additional heavy taxation, which I will fully explain when dealing with taxation. I will ask the House to make the authority applicable to those who neglected to take up their part not only of the last war loan, but of any future war loan. This compulsory system will not be enforced against those whose incomes are under £700 per annum. Those whose earnings are below that amount must be trusted to contribute voluntarily. This may be regarded as a somewhat drastic measure, but I regret to say it is necessary, as there are many persons of means, and also companies, who subscribed very little, and in some cases nothing at all, to the last loam I would earnestly impress upon the country the fact that our part in the war cannot be carried on without the necessary ways and means, and all who possess means and do not realize what is their clear duty must be compelled to make the same sacrifice as those who do recognize their duty. I propose to ask members of Parliament, patriotic societies, and others throughout the Dominion who have already done such excellent work in connection with the war to assist the Government as far as possible by advocating the war loan. I feel sure that the deep interest which is beingtaken in the welfare of the Dominion by members and others mentioned will ensure their loyal and hearty support, and I am confident that their assistance will be greatly appreciated by the Government and the country. Steps will be taken to have all war stock that has been taken up locally made available for sale in London, and so have a recognized market for it. This cannot be done until after the war is over, but I have represented the matter in the proper quarter, and I can say that no difficulties will be placed in the way of done when it is possible to do so. INVESTMENT IN IMPERIAL WAR LOAN. I have mentioned that the ordinary revenue reserve invested in London amounted to £3,917,731, but there are moneys belonging to other funds also invested there. While I was in London the great Imperial War Loan was being floated, and, after consulting the Right Lion, the Prime Minister, it was decided that it would be a fitting thing for this important part of the Empire to subscribe a substantial sum towards the loan. I accordingly arranged for the realization of £5,000,000 of Dominion funds which were then invested in London

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on short-dated securities, and invested the amount in the Imperial loan. This investment also possesses the great advantage of providing an additional £5,000,000 of gilt-edged securities for use from time to time in London for financing the Dominion should such at any time be necessary. The ordinary revenue reserve referred to above contributed £2,073,000 towards this £5,000,000. I may mention that there are still some other moneys invested in Imperial Treasury bills or on deposit in London. All these investments can, of course, be realized as occasion requires, but as the whole of the investments, with the exception of the ordinary revenue reserve, represent portions of certain funds which are not at present being used in. the Dominion the moneys when realized must necessarily be used for the purposes of the respective funds from which they were drawn. At the 3ist May the total amount invested in London was £7,018,000. SOLDIERS' DEPENDANTS. It has been determined to make provision for granting additional allowances to dependants of soldiers, and the House will be asked to amend the war-pensions legislation this session. The necessary expenditure, the amount of which lam not in a position to state at present, will be provided for in the supplementary estimates. OLD-AGE, MILITARY, WIDOWS', AND MINERS' PENSIONS. Some relief on account of the extra cost of living should be given to old-age and military pensioners, widows, and miners, and to enable this to be done I propose to provide t'120,000. This will give to old-age and military pensioners, widows, and miners suffering from pneumoconiosis some substantial assistance during the present unusual conditions. I feel sure that the additional sum for these purposes, in the trying times through which those of small means are passing, will not be grudged by the country as a whole. WAR BONUS. There can be no doubt that those who are in receipt of a, fixed income by Way of salary feel the pinch due to war conditions without having the opportunity of adding to their incomes, and it is necessary that the State, as the largest employer of labour, should recognize this. A war bonus to make provision similar to that of last year will therefore be authorized, and Parliament will be asked to vote a sum of £400,000 for this purpose. EXTRAVAGANT LIVING. The National Efficiency Board has put forward proposals with the view of placing a restriction during the war on the importation of certain articles which may be considered luxuries, and by this means checking the extravagance of some of the people of New Zealand. The Customs estimate a reduction of revenue of £230,000 if these proposals are carried out. While I entirely sympathize with the objects which the Efficiency Board seeks to attain, I regret to say that after making full inquiries 1 find that there are so many difficulties in the way that I am not able to give effect to the Board's recommendation. If this were done I should have to obtain the deficiency of revenue by some other means of taxation. At present it is impossible to give up revenue without restoring an equal amount through some other avenue. MOTOR-CARS. Regarding the suggestions made from time to time that a further duty should be imposed upon motor-cars, I wish to state the position for the information of honourable members. The amount of duty collected on motor-cars imported last year was £148,345. This is an amount of revenue that cannot at present be dispensed with. It is not my province as Minister of Finance to place such a duty on any articles which bring in revenue as to prevent importation or bring about

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a decrease of revenue to any material extent, because the very difficult task would then be imposed upon me of obtaining an equal amount of revenue from some other source. Nearly 90 per cent, of the motor-cars imported since the war commenced were for utility purposes, and can in no sense be classed as pleasure-cars. The average price paid per car imported into New Zealand was £150. Motors for business purposes have come here to stay, as is the case all over the world. The time has passed for accepting a general condemnation of their importation on the grounds that they are for pleasure and are not indispensable. We want the revenue. The duty at present is 20 per cent., with a preference of 10 per cent, to Great Britain and any part of the Empire that reciprocates with us. AMUSEMENT-TAX. I propose to levy a duty on admissions to places of amusement similar to that imposed in Great Britain by the Finance (New Duties) Act, 1916. This duty will commence at Id. where the price of admission, exclusive of the duty, does not exceed 6d., proceeding in graduations until it reaches a duty of Is. on admissions of Lis. 6d., with an additional Is. for every 10s. or fraction of 10s. over 12s. Gd. in the price of admission. The amount of revenue that I estimate will be obtained from this source is £80,000, and will be devoted to paying the war bonus to old-age and military pensioners, and widows, and to miners suffering from pneumoconiosis. EXCESS-PROFITS TAX. With reference to the excess-profits duty, it will be remembered that last year I asked the House, in response to a generally expressed wish, to levy special taxation on the extra profits that had accrued to taxpayers owing to the war. On investigation, it was found here, as it had been found in England, and was afterwards found in Canada, France, and the United States, that the difficulties of ascertaining exactly the actual profits resulting from the war were almost insuperable. The machinery needed for the purpose was too elaborate to enable the revenue to be collected when it was required. ' The method adopted here was substantially on the lines of the English excessprofits tax, but as the amount realized did not reach my estimate I propose this year to readjust this form of taxation. I may say that if the profits-tax were to be retained and doubled in rate so as to make it 90 per cent, it would not provide the amount required. I therefore must ask the House to authorize such a change of taxation as will make it certain that larger sums shall be contributed by those who have not paid their just share under the profits-tax. The adjustment I propose will not only provide the amount of revenue I require, but it will ensure that every one shall contribute in proportion to his means. Experience of the excess-profits tax has also shown that it is inequitable. The concessions necessary to avoid hardship in some cases resulted in the escape of many other taxpayers who were in a position to pay and, in my opinion, should have paid. The main reason, for this is that the conditions here are different from those in the older countries. In this young country there is a larger proportion of concerns in the process of development than is the case in the older countries, and the tax presses unduly on them. The profits made on shipping and munition contracts in Great Britain are enormous. There are thousands of long-established industrial, commercial, and general businesses that can be safely relied on by the Home Government to ensure a large amount of revenue from a profits-tax. It is not so here: on the contrary, the purchase by the British Government of our principal staple products has largely reduced the profits that, under ordinary conditions, would be earned by export business houses, and an equivalent amount cannot be collected spread over such a large number of producers who are selling their produce to the British Government; nor could it be charged to the buyers, the British Government. A careful estimate for this year shows that, owing to the greatly increased price of stocks imported for sale, the margin of profit will be materially reduced, and it would not be safe to rely upon receiving this year a revenue approaching the amount received last year from this source,

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and that amount, as I have said, was below my estimate, and was insufficient for requirements. In place of the excess-profits tax I will ask the House for authority to obtain the additional revenue from a progressive land and income tax. Any system of taxation should be capable of such expansion as will meet all legitimate requirements of the State, and what I propose will, I feel sure, meet this requirement. PROGRESSIVE LAND-TAX. From this source we must collect a larger revenue than we did during the past year. The land-tax collected last year was £713,118, out of a total revenue from land and income tax of £4,975,244 —roughly, one-seventh. I propose that instead of the present ordinary and graduated land-taxes to levy one progressive land-tax ; the tax to be charged on the unimproved value without deduction of mortgages, but allowing exemption as at present of £500 on the taxable balances up to £1,500, and then diminishing so as to disappear at £2,500. In order to prevent hardship upon taxpayers whose lands are of comparatively low value and which are subject to mortgage, I will ask the House to approve an exemption of £1,000 in all cases where the unimproved value does not exceed £3,000. This exemption will then diminish by £.1 for every increase of £2 in the unimproved value above £3,000, and will thus disappear when the unimproved value reaches £5,000. This exemption to taxpayers whose land is mortgaged will represent a concession of revenue to the small landowner amounting to about £100,000. The method of dealing with what is termed the mortgage-tax presents one of the most difficult questions in our taxation system. It is, however, certain that the system which We have to depend upon for the collection of the requisite land-tax revenue must be made effective, otherwise there will be a large loss of revenue, and this loss would assuredly take place under the law as it at present stands. It is therefore necessary to amend it. ' The rate I propose will be a progressive one, which can be raised or lowered by percentage additions or deductions to meet the requirements of the time. The lowest schedule rate will be Id. in the pound on the first £1,000 of taxable balance, increased by for each £1 of the increase over £1,000 until it reaches 7d., which rate will be reached at £192,000. This gives a fairer gradation than the present system, the rate of which is broken, and is higher on the lower balances and diminishes on the higher balances. To the schedule rates I propose to make an all-round addition of 50 per cent. The minimum rate will then be l|d., and the maximum 10|d. I hope to obtain from land-tax £1,250,000. PROGRESSIVE INCOME-TAX. I propose to retain the principle of the present graduated income-tax, although with a different graduation without any percentage addition. The extra war revenue required will be raised by special income-tax, which I will explain later. With regard to the ordinary income-tax, the present graduated rate suffers from the same defect as the graduated rate for land-tax. It is a broken rate, and the increase is severe on the lower incomes. I therefore propose to amend the rate, starting at the present amount of 6d. in the pound up to £400, and then increasing by 2o"o"d. f° r eacri £l increase over £400 up to 35., which rate is reached at £6,400. In the method of assessment I propose to make an amendment by abolishing the present exemption of 5 per cent, on the capital value of the land used in producing the income, with the deduction therefrom of the amount of interest paid on any mortgage of such land, and to substitute an exemption of 5 per cent, on the unimproved value of the land used for producing the income— i.e., 5 per cent, on the amount on which land-tax will be paid. This in actual practice will work out more favourably than the present exemption in the cases of taxpayers whose lands are encumbered. The original object of the 5-per-cent. exemption on the capital value of the land was to place freeholders on an equality with leaseholders and to exempt from income-tax income derived from land. Since the passing of the Finance Act of 1915, however, which brought into operation the assessment for income-tax of income derived from land, the exemption as at present constituted is anomalous, and has the effect of exempting from taxation persons letting lands.

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The exemption will be allowed in full on assessable incomes up to £600 only, and will then decrease by £l for every £l of increase in the assessable income over £600, so as to disappear at £900. The amount of revenue which I estimate will be obtained from income-tax under these proposals is £1,600,000. SPECIAL WAR-TAX. For the purposes of a special war-tax I propose to retain the tax at present assessed under section 5 of the Finance Act of last year on all assessable income in excess of £300, but it will be graduated in the same way as the progressive incometax, and will have an all-round addition of 50 per cent, to the schedule rates. The minimum of the rates charged for income will be Is. 3d., and the maximum 7s. 6d. This I estimate will yield £3,000,000. When introducing the taxing Bill I will circulate for the information of honourable members tables showing the effect of the alterations upon taxpayers for land-tax and income-tax. SUMMARY. To summarize, the amount of tax that I estimate will be received under these proposals is as follows : — £ Land-tax .. .. .. .. .. 1,250,000 Ordinary income-tax .. .. .. 1,600,000 Special war-tax .. .. .. ..3,000,000 Total .. .. .. .. .. £5,850,000 Minimum. Maximum. The rates will be, — s. d. s. d. Land-tax .. . . .. . . 0 1-| 0 10| Ordinary income-tax .. .. ..06 30 Special war-tax.. .. .. ..09 46 The proposed taxes, taken with our Customs duties, estate and succession duties, and other taxes, will give us a system which combines as nearly as possible ability to pay, equality of sacrifice, and universality of taxation ; it avoids all unnecessary complexities, is sufficiently simple to be readily understood by all taxpayers, and is comparatively inexpensive in collection. EMPLOYMENT FOR RETURNED SOLDIERS. We have to look forward to the time when our brave soldiers will return to this Dominion at the conclusion of the war. The country's duty, in addition to providing land, is to see that those requiring work are fully employed until they settle in the ordinary avocations of life, and a special sum not exceeding £2,000,000 spread over a period of two years will be devoted to public or other works for the purpose of providing employment for these soldiers. Part of this amount will be made available through the State Advances Department, for local bodies, who will be asked to assist in this laudable work. CUSTOMS. The Customs revenue for the present financial year is most difficult to estim ate. The difficulties of transport, risks of loss, high freights, and restrictions upon the exportation of many classes of goods from Great Britain make it impossible to measure with any degree of accuracy the volume of trade which will reach .New Zealand while the war continues. The oversea shipping companies state that it is quite impossible to give an estimate of the number of arrivals during the next twelve months, as shipping orders, owing to the exigencies of the war, are cancelled from day to day. Still, with the experience of last year we may expect that despite all difficulties a fair proportion of the orders placed abroad will come to hand.

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The estimate for the year 1916-17 was £3,300,000. This would have been a good average revenue for any year from 1910 onwards, but owing to the great appreciation of values of goods subject to ad valorem duties, and to the successful import trade generally, the revenue realized was £3,849,675, showing an excess over estimate of £549,675. This is the greatest Customs revenue ever collected, and if it is added to the excise beer revenue of £187,953 it brings the total to over £4,000,000 for the first time in the history of the Dominion. Beer Duty. The beer duty collected during the year was £187,953, as against £.157,892, or £30,061 more than was collected for the previous year; that increase is about £7,000 less than I expected to obtain, which is due to anti-shouting regulations, increasing shortage of adult male population through enlistment, and reduction in the gravity of the beers brewed. The numbex' of gallons of beer brewed during the calendar year 1916 was 11,247,725, as against 11,149,176 gallons the previous year, yielding an average duty per gallon of 4-05 d. in 1916 and 3 - 39 d. in 1915. The increase in the rate of duty dated from the Ist December, 1915. ADDITIONAL CUSTOMS AND EXCISE DUTIES. The House will be asked to agree to an increase in the Customs and excise duties on tea, beer, spirits, champagne, cigars, cigarettes, silks, satins, velvets, plushes, and imitation silks. The additional revenue which in ordinary times would be realized by the proposed increase is estimated at £317,000, but owing to the dislocation of shipping and the consequent uncertainty attending all importations at the present time it would be unsafe for me to rely upon obtaining more than £275,000 from this source. Details of the amount of additional duty to be levied on each class of article will accompany the resolutions which will be submitted presently for consideration of members. ESTIMATES OF REVENUE FOR 1917-18. I now proceed to give an estimate of revenue for the year 1917-18 under the main heads of each of the important Departments :— £ Customs .. .. .. .. .. 2,930,000 Railways .. .. .. .. .. 4,200,000 Stamp and death duties . . .. .. .. 1,400,000 Postal and telegraph .. .. .. ..1,725,000 Land and income tax .. .. . . . . 5,850,000 Beer duty .. .. .. .. .. 225,000 Registration and other fees .. .. .. 100,000 Amusement-tax.. .. .. .. .. 80,000 Marine .. .. .. .. .. 44,000 Miscellaneous .. .. .. .. .. 450,000 Territorial revenue .. .. .. .. 175,000 Endowment revenue .. .. .. .. 93,800 Other receipts .. .. .. .. .. 10,000 £17,282,800 The foregoing estimate is £1,084,747 below the receipts of last year, and this estimate is dependent upon the House giving authority to make the important alterations in regard to taxation to which I have referred.

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ESTIMATED SURPLUS FOR THE CURRENT YEAR. I estimate that there will be a surplus for the year 1917-18 of £1,200,098, made up as follows: — £ Estimated revenue, 1917-18 .. .. 17,282,800 Estimated expenditure .. .. £15,382,702 Estimate for supplementary estimates 700,000 16,082,702 Balance .. .. .. £1,200,098 THE YEAR'S OPERATIONS. For the convenience of honourable members I summarize the most important items relating to the financial operations for the past year : — Successful flotation of £10,000,000 for war purposes. Of this sum, £11,000,000 subscribed within the Dominion; approximate cost, one-half of one per cent. Investments in London increased to £7,000,000. Redemptions and renewals effected amounting to £1,859,040. Completion of conversion scheme by which £2,133,000 converted into long-dated securities. Net surplus of the year's revenue, £4,308,777. Public-works expenditure reduced to £1,278,922. Income-tax receipts increased by £2,870,007. Post Office Savings-bank deposits increased by £3,436,844. Twenty-five settlements purchased for discharged soldiers, making a total area of 337,961 acres thrown open and available for settlement. £62,421 authorized for soldier-settlers by way of financial assistance. 6,530 war pensions granted to 31st March, 1917, representing an annual value of £342,195. Total payments to producers for supplies purchased on behalf of the Imperial Government, £27,819,116. Record collection of Customs and excise revenue —over £4,000,000. Short-dated securities to Imperial Government for war advances converted into long-dated securities. Gross war expenditure to 30th June, 1917, £28,439,912. PROPOSALS. I also place in concise form the new proposals submitted to honourable members :— Additional provision for remissions of rent to members of Expeditionary Forces and discharged soldiers on the land. Increased borrowing-powers under the Discharged Soldiers Settlement Act, 1915. Provide for borrowing an additional £24,000,000 for war purposes. Provide for loan of £750,000 for public-works expenditure, including £250,000 for telegraph-extension. Provide additional taxation on persons failing to subscribe to war loans according to means. Provide £2,000,000 for employment of discharged soldiers. Substitution of a progressive land-tax for ordinary and graduated taxes. Abolition of excess-profits tax and increase of income-tax on a progressive scale. Special war-tax to be levied on incomes at increased schedule rates. Provision for inscribing loans in New Zealand. Portion of loan to be available for payment of death duties. Amusement-tax. Continuation of war bonus to State employees. Increased old-age, military, widows', and miners' pensions. Additional allowances to soldiers' dependants. Increase in Customs and excise duties.

8.—6.

XXVIII

CONCLUSION. Honourable members will recognize by what I have placed before them that the country, entirely due to war conditions, has difficult problems to settle. It is essential that the basis upon which the future working-out of these problems is largely dependent—namely, financial stability—should receive the earnest consideration which its importance demands. Our obligations are great. That we can bear them and make proper provision for me ting them is, I am glad to say, beyond all doubt. Our financial position, as will be recognized from what I Lave placed before the Hove, is remarkably strong. The proposed readjustment of taxation, which will be placed in a separate Bill, is such as is absolutely necessary to enable the Dominion to carry through its share of the war. As soon as the war has ceased and the full responsibilities connected with pensions and other liabilities have been ascertained it will become necessary to readjust the country's taxation to meet its requirements in normal times. It would, in my opinion, be impossible and, indeed, unreasonable to expect the taxpayers to continue for a dry longer than necessary the high taxation that war financial requirements alone justify. The continuance of this high taxation would in peacetime certainly tell against our industries and employment. Neither the industrial, commercial, agricultural, nor pastoral communities can produce the best results until a large measure of relief is afforded. I feel that .1 should be wanting in my duty were I not to acknowledge here the magnificent work that the New Zealand soldiers have done in upholding the best traditions of their race. They have added a golden page to the history of the Dominion, and are entitled to all we can do for them upon their return, and the fullest assistance of the Government will be cheerfully given to enable them to obtain Government employment whenever it is possible and in cases where it is necessary to do so. I am sure you will agree with me when I say that, whatever happens and however long the war may last, we will leave nothing undone to see it through to a complete and successful termination. There will assuredly be world problems to solve in which New Zealand must necessarily take its part. It will, of course, be some time before they come up for settlement, as other portions of the Empire as well as ourselves are directly concerned, and we cannot in that respect move alone. There is, however, no reason why we should wait to put our own house in order, and I sincerely hope that when the time arrives for the next meeting of Parliament it will be found possible to greatly reduce the country's taxation, after making full and proper provision for all the obligations that have been incurred in connection with the important part New Zealand has taken in the fight for freedom and the protection of the civilization of the world.

8.—6,

TABLES TO ACCOMPANY THE FOREGOING STATEMENT. Page Table No. I.—Abstract of Receipts and Expenditure of the Financial Year ended 31st March, 1917 2 Table No. 2.—The Public Debt on 31st March, 1917 .. .. .. „. ... ..53 Table No. 3. —The Debt transferred to the New Zealand State Advances Office at 31st March, 1917 .. .. .. .. .. .. .. .. ..02 Table No. 4.—Statement of the Estimated Liabilities of the Consolidated Fund outstanding on 31st March, 1907 to 1917 inclusive .. .. ~. ... .. ..04 Table No. s.—Statement of the Estimated Liabilities of the Public Works Fund and other Accounts outstanding on 31st March, 1907 to 1917 inclusive ~ ... .. .. 05 Table No. o.—Statement showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to 31st March, 1917 .. .. .. .. ..07 Table No. 7. —Estimated Expenditure of 1917-18, compared with the Actual Expenditure of 1916-17 08 Table No. B.—Estimated Revenue of 1917-18 compared with the Actual Revenue of 1910-17 .. 08 Table No. 9. —Statement showing the Amount charged to " Unauthorized " in each Financial Year from Ist July, 1875, to 31st March, 1917 .. .. .. .. ..69 Table No. 10.—Statement showing the Financial Position op the Dominion on the 31st March, 1917, compared with the 31st March, 1910 .. .. .. .. ..70

I—B, 6,

8.—6

2

Table No. 1.

ORDINARY REVENUE 1915-1916. RECEIPTS. 1916-1917. ' i £ s. d. £ s. d. £ s. d. 70,953 19 10 35,466 1 8 28,519 1 8 10,144 17 7 3,962 19 11 149,047 0 8 Balanoe at beginning of Year,— Gash in the Publio Account .. .. .. .. .. .. Imprests outstanding — In the Dominion In London On aooount of Imporial Pensions On account of other Governments 1,989,812 19 6 37,246 16 11 127,497 8 0 3,825 3 3 7,694 10 4 2,166,076 18 0 149,047 0 8 3,366,170 17 4 1,470,306 12 7 1,689,917 5 3 1,048,356 7 1 1,392,118 17 5 157,892 4 1 4,484,337 0 0 106,262 10 10 46,227 18 7 424,505 9 9 366,170 17 4 170,306 12 7 389,917 5 3 D48.356 7 1 392,118 17 5 157,892 4 1 184,337 0 0 106,262 10 10 46,227 18 7 124,505 9 9 186 DOS 2 11 Ordinary Revenue, — Customs .. .. .. Stamp and Death Duties Postal and Telegraph Revenue Land-tax Inoome-tax .. .. .. .... Beer Duty Railways Registration and other Pees Marine Miscellaneous .. .. .. .. 3,849,674 18 11 1,699,035 4 1 1,815,557 12 1 713,118 9 4 4,262,125 15 5 187,953 9 9 4,836,275 0 6 108,044 9 3 43,741 17 0 518,062 16 2 14,186,095 2 11 186,1)90 '2, 11 219,313 17 2 Territorial Revenue, — i Pastoral Runs, Rents, and Miscellaneous 18,033,589 12 6 219,313 17 2 215,786 17 0 92,654 17 4 14,498,063 17 5 92,654 17 4 498,063 17 5 National Endowment Revenue 85,970 10 0 15,347 5 6 2,607 2 11 2,607 2 11 Sinking Funds set free, — Canterbury Loan Ordinance, 1862 Now Zealand Loans Act, 1908 — 1 New Zealand Loan Act, 1863 1 12,352 16 6 2,607 2 11 12,352 16 C 2,607 2 11 5,364 3 8 4,101 14 0 5,364 3 8 4,101 14 0 9,465 17 8 3 Recoveries on account of Expenditure of Previous Years 1 Unauthorized 3 19,847 3 6 19,847 3 6 9,465 17 8 225,000 0 0 Temporary transfer to the War Bxpensss Account under Section 2 of the Imprest 3 Supply Act, 1915, now restored to the Consolidated Fund .. .. ' .. 225,000 0 0 4,884,183 18 t Totals £20,533,624 3 6 £14,884,183 18 i

3

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

ACCOUNT, 1915-1916. EXPENDITURE. 1916-1 917. £ s. d. £ s. d. £ s. d. 20,279 14 11 3,190,797 17 5 574,000 1 3 133,072 2 4 52,183 17 0 5,675 10 0 24,625 7 1 50,736 7 5 92,654 17 4 Permanent Appropriations,— Civil List Interest and Sinking Fund.. Under Special Acts of the Legislature Subsidies paid to Local Bodies Amounts paid over to Looal Bodies and to Deposit Aooounts — Payments under the Land Acts Endowments— New Plymouth Harbour Board Greymouth Harbour Board Westport Harbour Board National Endowment Residue Pensions Aot, 1913— Old-age Pensions Widows' Pensions Military Pensions War Pensions Aot, 191 27,472 16 1 4,014,791 17 0 988,301 ff 8 130,715 17 10 52,033 0 7 8,397 19 0 20,734 0 7 50,134 5 7 85,970 16 0 450,841 15 1 36,265 0 0 48,277 18 9 13,744 9 1 453,085 0 7 37,918 8 11 45,634 2 7 180,165 10 4 6,095,355 1 4,693,154 17 8 ! 34,479 14 10 90,003 13 9 1,294,711 16 7 2,954,000 9 0 100,779 11 6 24,877 5 10 458,293 14 3 28,552 4 6 401,991 4 6 432,227 8 10 Annual Appropriations,— Class I.—Legislative Departments II.—Department of Finance III.—Post and Telegraph Department IV.—Working Railways Department.. V.—Public Buildings, Domains, and Maintenance of Roads VI. —Native Department . VII.—Justice Department VIII. —Mines Department IX.—Department of Internal Affairs .. X. —Defence Department XL —Customs, Marine and Harbours, and Inspeotion of Machinery Departments XII.—Department of Labour XIII.—Department of Lands and Survey „ XIV.—Department of Agriculture, Industries, and Commerce XV. —Education Department Services not provided for .. 34,939 5 4 106,722 7 7 1,368,490 9 0 2,871,977 0 2 94,938 15 1 24,191 6 2 459,914 10 3 28,277 15 8 474,964 13 9 438,655 11 9 161,224 19 1 31,676 9 i 235,321 14 11 . 191,774 3 3 1,329,166 2 8 30,865 10 2 169,864 13 0 32,725 0 11 192,991 15 5 216,897 7 8 1,406,263 12 6 41,600 17 4 7,963,415 1 7 7,799,952 3 0 Temporary transfer to the War Expenses Account under Section 2 of the Imprest Supply Act, 1915 .. .. .. .. .. .. .. .. 225,000 0 0 1,989,812 19 6 37,246 16 11 127,497 8 0 3,825 3 3 7,694 10 4 Balanoe at end of Year, — Cash in the Publio Aooount Imprests outstanding— In the Dominion In London On aocount of Imperial Pensions On aooount of other Governments Investment Acoount 2,298,042 18 6 27,670 2 7 222,571 2 11 429 5 2 8,409 5 10 3,917,731 5 2 2,166,076 18 0 6,474,854 0 2 £20,533,624 3 6 Totals £14,884,183 18 8

8.—6.

4

Table No. 1—continued.

1915-1916. RECEIPTS. 1916■1917. £ s. d. 1,950,000 0 0 800,000 0 0 Treasury Bills issued during Year Treasury Bills issued in renewal during Year .. £ s. d. 600,000 0 0 £ s. d. 600,000 0 0 2,750,000 0 0 Totals £2,750,000 0 0 £600,000 0 0 STATE FORESTS £ s. d. 3,695 13 10 Balanoe at beginning of Year, — Cash in the Public Aooount Imprests outstanding— In the Dominion £ s. d. 3,206 17 6 £ s. d. 214 8 4 1 17 0 3,208 15 0 8,910 2 2 Rents from Lands set apart .. 20,611 7 10 12,881 11 8 New Zealand Loans Act, 1908, — Finanoe Aot, 1916 (Seotion 50) — Debentures issued 10,000 0 0 9,000 0 0 Contribution from the Consolidated Fund towards cost of forest-tree growing and planting 4,250 0 0 ■ 4,000 0 0 Public Revenues Act, 1910, Seotion 56, — Temporary transfer from Cheviot Estate Account £37,521 10 0 Totals £30,340 6 8 I . STATE COAL- £ s. d. 25,233 4 10 403 2 3 Balance at beginning of Year, — Cash in the Public Aooount .. .. .. .. Imprests outstanding— In the Dominion £ s. d. 34,832 0 7 128 0 0 £ s. d. 34,960 0 7 25,636 7 1 224,326 2 4 Proceeds of Sale of Coal 290,177 3 5 50 0 0 Recoveries on aecouut of expenditure of previous years Totals £250,012 9 5 £325,137 4 0

5

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

ACCOUNT. 1915-1916. I EXPENDITURE. 1916 1916-1917. L_ £ s. d. 1,950,000 0 0 800,000 0 0 Treasury Bills redeemed during Year Treasury Bills renewed during Year £ s. d. 600,000 0 0 £ s. d. 600,000 0 0 2,750,000 0 0 £2,750,000 0 0 Totals £600,000 0 0 ACCOUNT. £ s. d. £ s. d. £ s. d. 30,312 15 0 Annual Appropriation,— Vote 118—State Forests Branoh 27,809 10 8 New Zealand Loans Aot, 1908, — Finance Aot, 1916 (Seotion 50)— Chargos and Expenses 0 7 0 4,000 0 0 Public Revenues Act, 1910, Section 56, — Tomporary transfer from Cheviot Estate Aooount now restored 3,206 17 6 Balanoe at end of Year, — Cash in the Public Aooount Imprests outstanding— In the Dominion 2,530 9 0 2,530 9 0 1 17 6 3,208 15 0 £37,521 10 0 Totals £30,340 6 8 OUNT. MINES AC £ s. d. 206,487 19 10 Annual Appropriation,— Vote 119—State Coal-mines £ s. d. £ s. d. 248,372 15 6 8,564 9 0 Interest recouping the Consolidated Fund in respeot of Debentures issued 8,639 9 0 34,832 0 7 Balanoe at end of Year, — Cash in the Public Account Imprests outstanding— In the Dominion 67,980 2 5 68,124 19 6 128 0 0 144 17 1 34,960 0 7 Totals £250,012 9 5 £325,137 4 0

6

8.—6

Table No. 1— continued.

SCENERY PRESERVATION 1915-1916. RECEIPTS. 1916■1917. £ s. d. 3,602 10 6 Balauca at beginning of Year, — Cash in the Public Aooount £ s. d. £ s. d. 996 13 9 99 1 8 Rents 121 5 11 New Zealand Loans Act, 1908, — Scenery Preservation Aot, 1908— Debentures issued 5,000 0 0 23 8 10 Recoveries on aooount of expenditure of previous years.. £3,725 1 0 Totals £6,117 19 8 NAVAL DEFENCE £ s. d. Balanoe at beginning of Year, — 117 11 9 Cash in the Public Account £117 11 9 Totals £ s. d. £ s. d. 117 11 9 £117 11 9 1 ACCOUNTS OF £ s. d. 7,120 8 6 Balanoe at beginning of Year, — Cash in the Publio Aooount Imprests outstanding— In the Dominion £ s. d. 11,101 16 0 £ a. d. 131 2 2 7,251 10 8 11,101 16 0 6,144 6 4 2,259 1 1 14,117 19 7 28,411 16 10 Revenue reoeived for Looal Bodies,Fees, Fines, &c. .. Endowments of Land, &c.. ,. Goldfields Revenue Gold Duty 6,109 11 10 3,870 10 4 14,240 4 6 11,910 9 8 36,130 16 4 50,933 3 10 Counties Separate Account, — Revenue of CountieB in which the Counties Aot, 1908, is not in full operation .. 188 0 1 113 1 i Advanoe Acoounts, — Amount repaid by Looal Bodies 20,049 12 9 20,256 15 11 £78,554 17. 9 Totals£67,415 5 2

7

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

ACCOUNT. 1915-1916. 1915-1916. EXPENDITURE. 1916-1917. £ s. d. 2,728 7 3 £ s. d. Annual Appropriation,— 2,728 7 3 Vote 120—Scenery-preservation £ s. d. £ s. d. 1,554 19 3 Unauthorized expenditure— Services not provided for .. 215 11 2 New Zealand Loans Aot, 1908, — Scenery Preservation Aot, 1908— Charges and Expenses 0 7 0 996 13 9 Balance at end of Year, — 996 13 9 Cash in the Publio Aooount 4,347 2 3 £3,725 1 0 £3,725 1 0 Totals £6,117 19 8 ACT ACCOUNT. £ s. d. £ s. d. 117 11 9 £ s. d. Balance at end of Year,— 117 11 9 Cash in the Public Aooount £117 11 9 Totals .. .. .. .. £117 11 9 LOCAL BO CAL BODIES. £ a. d. 5,708 17 2 1,144 5 0 12,877 8 3 27,410 8 9 £ a. d. Revenue paid over to Local Bodies, &c, — 5,708 17 2 Fees, Fines, &c. .. 1,144 5 0 Endowments of Land, &o. .. i,877 8 3 Goldflelds Revenue r ,440 8 9 Gold Duty r urn in n £ s. d. 6,316 0 5 1,930 0 10 15,532 2 0 12,941 18 7 £ s. d. 47,170 19 2 ',170 19 2 36,720 2 4 Counties Separate Acoount, — Amount distributed amongst Local Bodies where the Counties Aot, 1908, is 107 18 4 not in full operation 138 11 7 107 18 4 20,174 4 3 Advance Aooounts, — 1,174 4 3 Payments on behalf of Looal BodieB 20,586 13 9 Balance at end of Year,— ,101 10 0 Cash in the Publio Aooount 9,969 17 6 11,101 10 0 £78,554 17 9 1,554 17 9 Totals £67,415 5 2 *

8.-6,

8

Table No. 1 -continued.

DEPOSIT 1915-1916. 1916•1917 RECEIPTS. £ a. d. 301,495 5 11 Balance at beginning of Year, — £ s. d. Cash in the Publio Aooount .. .. .. .. .. .. 470,960 3 8 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 4,968 0 0 In London .. .. .. .. .. .. .. .. 125,660 10 7 Investment Account (State Advances Office Account).. .. .. .. 1,168,248 19 2 £ s. d. 2,959 15 6 27,105 11 11 1,769,837 13 5 331,560 13 4 75,948 0 6 1,404 0 6 847 2 6 2,608" 7 4 1,767 10 3 507 9 9 81 18 9 95 4 9 1,036 6 5 Lodgments,— Butter-fat Adjustment Aocount .. .... .. .. .. 150,497 14 1 Education Reserves Amendment Aot, 1914— Primary-eduoation Endowments— Section 2 (Rents) .. .. .. .. .. .. ..I 80,302 4 2 Section 3 (Sales) .. .. .. .. .. .. .. 7,80115 10 Secondary-education Endowments (Section 2 : Rents) - £ s. d. Auckland Provincial District .. .. .. .. 1,451 9 6 Taranaki Provincial Distriot .. ' .. .. .. 946 16 11 Wellington Provincial District .. .. .. .. 2,558 17 0 Hawke's Bay Provincial District .. .. .. 1,798 1 4 Nelson Provincial District .. .. .. .. 386 12 9 Marlborough Provinoial District .. .. .. 87 12 9 Westland Provincial District .. .. .. .. 94 10 6 Otago Provincial Distriot .. .. .. .. 1,068 5 5 Secondary-education Endowments (Section 3 : Sales) — 8,392 6 2 Auokland Provinoial District .. .. .. .. .. 11 13 8 8,392 6 2 11 13 8 22 0 0 1 10 10 50 0 0 5,786 2 5 2,600 16 0 36 3 0 682,000 0 0 6,818 4 1 Emigrants' Deposits .. .. .. .. .. .. .. 25 0 0 Fisheries Aot, 1908 .. .. .. .. .. 7 11 10 General Assembly Library .. .. .. .. .. .. .. 25 0 0 Gold Duty Suspense Aooount .. .. .. .. .. .. 1,994 5 10 Greymouth Harbour Board Act, 1884, Special Coal Rate Account Hospitals and Charitable Institutions Acts, 1909 .. .. .. .. 151 14 11 Imperial Government Cheese-supply Account .. .. .. .. 2,236,104 0 0 Imperial Government Condonsed-milk Supply Account .. .. .. 21,942 0 6 Imperial Government Jam-supply Account .. .. .. .. .. 977 0 0 Imperial Government Meat-supply Account .. .. .. .. .. 7,795,000 0 0 Imperial Government Scheolite-supply Account .. .. .- .. 45,893 0 0 Imperial Government Wool-supply Account .. .. .. .. .. 10,100,000 0 0 Kitchener Memorial Scholarships .. .. .. .. .. .. 500 0 0 Land Act, 1908— Mining Districts Land Occupation Account .. .. .. .. 1,629 15 0 Loan Suspense Account Miscellaneous .. .. .. .. .. .. .. .. 539,949 12 9 Money-order Settlement Account .. .. .. .. .. .. 153,837 16 3 Nelson Rifle Prize Fund .. .. ., .. .. .. .. 26 0 0 New Zealand Expeditionary Force Relief Fund .. .. .. .. 255 18 0 New Zealand University Endowments, Wostland .. .. .. .. 5 9 6 North Island Experimental Dairy Sohool .. .. . .. .. 197 0 0 Otago University Reserves Act, 1904 .. .. .. .. .. 1,448 7 3 Public Trust Office Remittance Aocount .. .. .. .. .. 03,082 8 9 Railways State Advances Office Account .. .. ., .. .. .. 2,440,118 16 5 Taranaki Scholarships Endowment Account .. .. .. .. .. 611 19 3 Tauranga Educational Endowment Reserves Act, 1896 Thermal Springs Districts Act, 1910 .. .. .. .. .. 85 1 9 Trustee Act, 1908 .. .. .. .. .. .. .. .. 145 6 6 Westport Harbour Board Aot, 1884, Special Coal Rate Account .. .. 1,907 17 3 25 0 0 7 11 10 25 0 0 1,994 5 10 7,841,000 0 0 18,500 0 0 151 14 11 2,236,104 0 0 21,942 0 5 977 0 0 7,795,000 0 0 45,893 0 0 10,100,000 0 0 500 0 O 1,704 7 9 122,978 10 0 484,352 6 0 251,831 5 4 32 0 0 1,629 15 0 539,949 12 9 153,837 16 3 26 0 0 255 18 0 5 9 6 197 0 0 1,448 7 3 03,082 8 9 5 10 0 183 0 0 2,213 4 8 49,590 17 10 5,967 10 0 1,108,248 19 2 611 18 9 145 13 2 92 3 3 2,440,118 16 5 611 19 3 85 1 9 145 6 6 1,907 17 3 2,394' 1 7 .0,731,468 4 7 £11,063,028 17 11 23,652,926 15 7 Totals .. .. ., .. .. £25,422,764 9 0

9

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

2—B. 6.

ACCOUNTS ■\ 1915-1916. EXPENDITURE, 191 1916-1917. £ a. d. 75,948 0 6 1,404 12 3 964 7 2 2,681 19 4 1,765 9 5 372 17 1 117 6 6 138 14 0 996 9 7 Withdrawals, — £ s.. ( Butter-fat Adjustment Account .. .. .. .. .. .. 231 16 Education Reserves Amendment Act, 1914— Primary-education Endowments — Seotion 2 (Rents) .. .. .. .. .. .. .. 80,302 4 Section 3 (Salesl .. .. .. .. .. .. .. 2,178 0 i Secondary-education Endowments (Section 2: Rents) — £ s. d. Auckland Provincial Distriot .. .. .. .. 1,369 11 1 Taranaki Provincial District .. .. .. .. 796 1 7 Wellington Provincial District .. .. .. .. 2,400 17 10 Hawke's Bay Provincial District .. .. .. 1,741 11 8 Nelson Provincial Distriot .. .. .. .. 515 5 0 Marlborough Provincial District .. .. .. 50 16 6 Westland Provinoial Distriot .. .. .. .. 102 16 9 Otago Provincial District .. .. .. .. 1,077 5 10 8,054 6 i £ 8,. d 281 16 1 80,302 4 2 2,178 0 0 £ s. d I 22 0 0 9 3 11 50 0 0 6,666 13 4 1 17 5 662,213 11 7 6,818 4 1 7,779,853 5 5 18,500 0 0 ! 1,034 0 10 122,978 10 0 382 8 8 368,600 11 0 195,743 3 9 100 0 0 43,028 17 4 1,405 0 0 611 5 8 750 0 0 32 15 8 9,293,191 4 6 Emigrants' Deposits .. .. .. .. .. .. .. 25 0 ( Fisheries Act, 1908 General Assembly Library .. .. .. .. .. .. .. 25 0 ( Gold Duty Suspense Aooount .. .. .. .. .. .. 833 8 i Hospitals and Charitable Institutions Acts, 1909 .. .. .. .. 55 6 £ Imperial Government Cheese-supply Aooount .. .. .. .. 1,803,557 17 i Imperial Government Condensed-milk Supply Account .. .. .. 21,773 5 t Imperial Government Meat-supply Account .. .. .. .. .. 7,655,179 13 C Imperial Government Soheolite-supply Account .. .. .. .. 45,141 11 £ Imperial Government Wool-supply Aocount .. ., .. .. .. 9,376,806 14 C Land Act, 1908— Mining Districts Land Occupation Account .. .. .. .. 831 13 5 Loan Suspense Aooount Maori Land Settlement Act, 1905, Account .. .. .. .. .. 761 Miscellaneous .. .. .. .. .. .. .. .. 502,377 10 4 Money-order Settlement Account .. .. .. .. ... .. 174,892 12 7 Nelson Rifle Prize Fund Public Trust Office Remittance Acoount .. .. .. .. .. 54,971 2 0 Railways .. .. .. .. .. .. .. .. .. 2,763 0 0 State Advances Office Account .. .. .. .. .. .. 2,341,773 19 2 Taranaki Scholarships Endowment Account Tauranga Educational Endowment Reserves Act, 1896 .. .. .. 150 0 0 Thermal Springs Districts Aot, 191.0 .. .. .. .. .. 17 18 0 8,054 6 3 25 0 0 25 0 0 833 8 4 55 6 5 1,803,557 17 8 21,773 5 5 7,655,179 13 0 45,141 11 3 9,376,806 14 0 831 13 5 7 6 1 502,377 10 4 174,892 12 7 54,971 2 0 2,763 0 0 2,341,773 19 2 150 0 0 17 18 0 9,293,191 4 6 22,071,949 4 2 470,960 3 8 4,968 0 0 125,660 10 7 1,168,248 19 2 470,960 3 8 4,968 0 0 125,660 10 7 1,168,248 19 2 Balanoe at end of Year, — Cash in the Public Account .. .. .. .. .. .. 1,894,430 9 1 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 40,705 10 6 In London .. .. .. .. .. .. .. ... 99.164 7 4 Investment Account (State Advances Offioe Account, £1,266,514 17s. lid.) .. 1,316,514 17 11 1,769,837 13 5 1,769,837 13 5 3,350,815 4 10 £ £11,063,028 17 11 Totals £11,063,028 17 11 £25,422,764 9 0

8.—6

10

Table No. 1- continued.

1915-1916. RECEIPTS. 1916-1916-1917. * 1917. £ s. d. 596,100 14 6 39,505 10 7 60,155 17 9 Balanoe at beginning of Year, — £ Cash in the Public Account .. .. .. .. .. .. 880,323 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 5,192 In London .. .. .. .. .. .. .. .. 45,085 Investment-Account .. .. .. .. .. .. .. 362,500 £ a. d. 880,323 1 7 5,192 17 9 45,085 18 6 362,500 0 0 s. d. i £ s. d. I 1 7 I 17 9 t 18 6 i 0 0 1,293,101 17 10 £ s. d. 1,293,101 17 10 695,762 2 10 929,900 0 0 New Zealand Loans Aot, 1908, — Aid to Publio Works and Land Settlement Aot, 1914 — Debentures issued 500,000 0 0 500,000 0 0 0,130 6 0 Recoveries on aooount of Expenditure of previous Years 5,712 5 8 5,712 5 8 p 1,585 10 0 Speoiai Receipts in oonneotion with the Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Aocount 1,633 0 4 1,633 0 4 2,000,000 0 0 5,030 0 0 New Zealand Loans Aots, 1908 and 1915, — Finance Act, 1915 — 4f}-per-oent. Debentures issued on acoount of £2,000,000 loan 4J-per-cent. Debontures isauod to cover expensos of raising £2,000,000 loan 2,005,030 0 0 18,688,407 18 10 Totals £1,800,447 3 10 £1,800,447 3 10 WELLINGTON-HUTT RAILWAY AND ;£ s. d. 1,790 15 8 Balance at beginning of Year, — £ Cash in the Publio Acoount s. d. £ s. d. 1,648 9 8 Totals £1,648 9 8 £1,790 15 8 £1,648 9 8

11

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

1915-1916. EXPENDITURE. 1916 1916-1917. ■ £ s. d. 111,421 12 1 1,065,170 19 10 335,774 4 3 13,072 13 5 5,166 8 7 10,010 0 10 424,494 8 6 6,601 17 8 37,619 6 10 5,936 4 4 Annual Appropriations,— Class XVI. —Publio Works, Departmental XVII. —Railways XVIII.—Public Buildings .. , XIX.—Lighthouses, Harbour-works, and Harbour-defenoes XX. —Tourist and Health Resorts XXI.—Immigration XXII. —Construction, Maintenance, and Supervision of Roads, Bridges and other Publio Works XXIII.—Development of Mining XXIV. —Contingent Defence XXV.—Lands Improvement „ XXVI.—Irrigation and Water-supply .. „ XXVIL—Plant, Material, and Stores .. Services not provided for Vote—Telegraph Extension £ s. d. 131,684 19 10 620,946 13 8 251,431 0 7 3,767 15 7 1,094 1 6 6,533 1 7 219,794 9 6 4,591 13 2 9,741 3 6 Cr. 2,730 10 2 16,048 11 10 9,778 5 9 5,766 13 4 £ s. d. 131,684 19 10 620,946 13 8 251,431 0 7 3,767 15 7 1,094 1 6 6,533 1 7 219,794 9 6 4,591 13 2 9,741 3 6 Cr. 2,730 10 2 16,048 11 10 9,778 5 9 5,766 13 4 £ s. d. 74,418 0 2 66 15 6 249,554 1 9 2,339,906 13 9 1,278,447 19 8 New Zealand Loans Act, 1908, — Charges and Expenses in respect of loans raised under— Aid to Publio Works and Land Settlement Aot, 1914 Finance Act, 1915, and New Zealand Loans Aot, 1915 1 12 6 33 10 6 18 0 5,035 12 6 5,037 0 6 35 3 0 362 6 9 Ellesmere Land Drainage Aot, 1905, — Expenditure under seotion 6, subsection (1) .. 439 5 0 880,323 1 7 Balanoe at end of Year, — Cash in the Publio Aooount Imprests outstanding— In the Dominion In London Investment Aooount 315,912 12 7 3,142 16 8 2,469 6 11 200,000 0 0 315,912 12 7 5,192 17 9 45,085 18 6 362,500 0 0 3,142 16 8 2,469 6 11 200,000 0 0 521,524 16 2 i 1,293,101 17 10 Totals 23,638,407 18 10 £1,800,447 3 10 ROAD IMPROVEMENT ACCOUNT. £ a. d. Appropriation Aot, 1916 (Section 30),— Transfer of balanoe to Railways Improvement Authorization Aot 1914 Aocount .. £ s. d. £ s. d. 1,648 9 8 142 6 0 Annual Appropriation,— . Vote—Hutt Railway and Road Improvement 1,648 9 8 Balanoe at end of Year, — Cash in the Publio Aooount £1,790 15 8 TotalB £1,648 9 8

8.-6

12

Table No. 1- continued.

TH RAI 1915-1916. RECEIPTS. 1916-1917. 1915-1916. RECEIPTS. 1917. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 5,256 11 3 Cash in the Public Account .. .. .. .. .. .. .. 5,586 7 5 £ s. d. 5,256 11 3 £ s. d. 5,586 7 5 326 0 0 Recoveries on account of expenditure of previous years 326 0 0 £5,582 11 3 Totals .. .. .. .. .. .. .. £5,586 7 5 £5,586 7 5 £5,582 11 3 THE RAILWAYS IMPROVEMENT £ s. d. Balance at beginning of Year, — £ s. d. £ 8. d. Cash in the Public Acoount .. .. .. .. .. .. .. 8,245 14 10 New Zealand Loans Aot, 1908, — Railways Improvement Authorization Act, 1914— 148,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 240,000 0 0 Appropriation Aot 1916 (Section 30), — Balance from Hutt Railway and Road Improvement Account .. .. 1,648 9 8 | Balance from Railways Improvements Account .. .. .. .. 5,586 7 5 7,234 17 1 £148,000 0 0 Totals .. .. .. .. .. .. .. £255,480 11 11 THE WAIHOU AND OHINEMURI IHOU AND )HINEMURI £ a. d. 13,558 11 11 60,000 0 0 £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 13,558 1111 Cash in the Publio Acoount .. .. .. .. .. .. 13,112 2 0 60,000 0 0 Investment Account .. .. .. .. .. .. .. 60,000 0 0 73,112 2 0 79 KKH 11 11 £ s. d. 13,112 2 0 60,000 0 0 £ s. d. 73,558 11 11 Contributions under the Waihou and Ohinemuri Rivers Improvement Aot, 1910 (Sections 17 and 18), and Amendment Act, 1912,— Gold-mining Companies .. .. .. .. .. .. .. 1,241 19 3 1,111 6 8 Consolidated Fund 6,666 13 4 Gold Duty 1,241 19 3 7,778 0 0 73,558 11 11 73,112 2 0 1,111 6 8 6,666 13 4 1,241 19 3 1,241 19 3 7,778 0 0 4,500 0 0 4,500 0 0 Interest on Securities held by Investment Account .. .. .. .. .. 2,250 0 0 2,250 0 0 £85,836 11 11 Totals .. .. .. .. .. .. .. £76,604 1 3 £85,836 11 11 £76,604 1 3 AID TO WATER- £ s. d. 2,871 7 0 Balance at beginning of Yoar, — Cash in the Publio Acoount £ s. d. | £ s. d. 1,461 14 1 54,000 0 0 New Zealand Loans Aot, 1908, — Aid to Water-power Works Aot, 1910— Debentures issued 55,000 0 0 Totals £56,461 14 1 £56,871 7 0

13

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

IMPROVEMENTS ACCOUNT. 1915-1916. EXPENDITURE. 1916-191 1916-1917. 17. £ s. d. Appropriation Act, 1916 (Section 30), — Transfer of balance to Railways Improvement Authorization Act 1914 Account .. £ s. d. £ a. d. 5,586 7 5 Annual Appropriation,— Gr. 8 16 2 Vote —Railway Improvements Balanoe at end of Year, — 5,586 7 5 Cash in the Publio Aooount £5,582 11 3 Totals £5,586 7 5 £5,586 7 5 AUTHORIZATION ACT 1914 ACCOUNT. £ s. d. Annual Appropriation,— 139,753 7 8 Vote 123—Railway Improvements .. Expenditure under Section 5 of the Railways Improvement Authorization Aot, 1914 New Zealand Loans Aot, 1908, — Railways Improvement Authorization Aot, 1914 — 0 17 6 Charges and Expenses .. .. .. .. .. .. £ s. d. £ s. d. 199,944 0 0 25,651 11 9 £ s. d. 199,944 0 0 25,651 11 9 1 8 0 1 8 0 Balance at end of Year, — 8,245 14 10 Cash in the Publio Account 29,883 12 2 £255,480 11 11 29,883 12 2 £148,000 0 0 Totals £• S255.480 11 11 RIVERS IMPROVEMENT ACCOUNT. £ s. d. | Annual Appropriation,— 9,224 9 11 Vote 126—Waihou and Ohinemuri Rivers Improvement £ s. d. £ s. d. 10,407 2 8 £ s. d. 10,407 2 8 3,500 0 0 Interest recouping the Consolidated Fund in respeot of Debentures issued 3,500 0 0 3,500 0 0 3,500 0 0 Balanoe at end of Year, — 13,112 2 0' Cash in the Public Acoount .. .. .. .. .. . 60,000 0 0 Investment Account 73.112 2 0 13,112 2 0 60,000 0 0 2,696 18 7 60,000 0 0 62,696 18 7 62,696 18 7 va.iiz z u £85,836 11 11 Totals 73,112 2 0 £ £76,604 1 3 £85,836 11 11 £76,604 1 3 POWER WORKS ACCOUNT. £ s. d. | Annual Appropriation,— 55,408 11 11 ! Vote No. 124—Development of Water-power £ s. d. I £ s. d. 49,030 7 11 £ s. d. 49,030 7 11 110 New Zealand Loans Aot, 1908, — Aid to Water-power Works Act, 1910 — 110 Charges and Expenses .. 1 1 0 1 1 0 1,461 14 1 Balance at end of Year, — 1,461 14 1 Cash in the Publio Aocount Imprests in the hands of officers of the Government 7,283 5 1 147 0 1 7,430 5 2 1,461 14 1 £56,871 7 0 Totals I 1,461 14 1 £ 7,430 5 2 £56,461 14 1 £56,871 7 0 £56,461 14 1

8.—6

14

Table No. 1—continued.

IRRIGATION AND 1915-1916. RECEIPTS. 1916-1917. . I £ a. d. Balanoe at beginning of Year,— £ b. d. £ s. d. 4,719 10 1 CaBh in the Public Account .. .. .. .. .. .. .. 4,744 18 4 New Zealand Loans Act, 1908,— Irrigation and Water-supply Act, 1913— 29,900 0 0 Debentures issued .. " £34,619 10 1 TotalB .. .. .. .. .. .. .. £4,744 18 4 £34,619 10 1 TELEGRAPH , £ s. d. £ s. d. £ s. d. New Zealand Loans Aot, 1908, — Finanoe Act, 1916 (Section 49)— Debentures issued .. .. .. .. .. .. .. .. 300,000 0 0 TotalB .. .. .. .. .. .. .. £300,000 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the CHEVIOT ESTATE ACCOUNT £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 34,067 7 2 Cash in the Publio Acoount .. .. .. .. .. .. 38,004 9 4 55,000 0 0 | Investment Aocount .. .. .. .. .. .. .. 60,000 0 0 ' 98,004 9 4 89,067 7 2 j Reoeipts under the Land Aot, 1908,— 15,642 3 7 ! Rents from Lands.. .. .. .. .. .. .. .. 17,195 0 4 12 0 0 Sales .. .. .. .. .. •• .. •• .. 400 17,199 0 4 15,654 3 7 Other Reoeipts,— 2,149 1 1 Interest on Securities held by Investment Account .. .. .. .. .. 2,183 19 6 Publio Revenues Aot, 1910, Seotion 56 — 4,000 0 0 Temporary transfer to State Forests Aooount now restored £110,870 11 10 , Totals '.. .. .. .. .. .. .. £117,387 9 1 STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT iETTLEMENTS ACCOUNT £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 34,079 2 0 Cash in the Publio Aooount .. .. .. .. .. .. .. 274,346 9 9 £ s. d. £ s. d. 274,346 9 9 • New Zealand Loans Aot, 1908, — Land Laws Amendment Act, 1913— 60,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 244,800 0 0 244,800 0 0 Land Laws Amendment Aot, 1913, and Finance Act, 1916 (Seotion 41)— Debentures issued .. .. .. .. .. .. .. .. 55,200 0 0 55,200 0 0 94,079 2 0 Carried forward .. .. .. .. .. .. .. .. 574,346 9 9 574,346 9 9

15

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

WATER-SUPPLY ACCOUNT. 1915-1916. EXPENDITURE. EXPENDITURE. 1916-1917. £ s. d, 29,874 1 3 Annual Appropriation,— Vote No. 125—Irrigation and Water-supply .. £ s. d. £ a. d. 4,714 14 10 0 10 6 New Zealand Loans Aot, 1908, — Irrigation and Water-supply Act, 1913— Charges and Expenses 0 3 6 4,744 18 4 Balance at end of Year, — Cash in the Publio Aooount £34,619 10 1 Totals £4,744 18 4 £4,744 18 4 XTENSION ACCOUNT. £ s. d. Annual Appropriation,— Vote 127—-Telegraph Extension £ s. d. £ s. d. 203,310 0 11 Now Zealand Loans Act, 1908, — Finance Act, 1916 (Section 49)— Charges and Expenses 0 10 6 Balance at end of Year, —• Cash in the Public Account Imprests outstanding— In the Dominion Totals 28,827 11 5 67,861 17 2 96,689 8 7 £300,000 0 0 Ol ci- T\/T«Tir<TT IQIO" nt\w\r,im.aA Trrifl. Una t 1 lnnT,/>!n1 lor the Year endet 31st March, 1917, compared with the Finanoial 31st March, 1917, compared with the Finanoial Year ended 31st March, 1916. ear enc Marci IH, [.: 1916. £ s. d. 8,866 2 6 Interest reoouping the Consolidated Fund in respect of Debentures issued Interest reoouping the Consolidated Fund in respe eot i of Debt 101 ml it tun s 1SE isued £ s. d. £ s. d. 8,866 2 6 4,000 0 0 Public Revenues Aot, 1910, Seotion 56, — ~ ........ . v~ . ~.. ...... ..~„, r V r U , vrwrr ~.-, Temporary transfer to State Forests Account Public Revenues Aot, 1910, Seotion 56, — Temporary transfer to State Forests Aocount 38,004 9 4 60,000 0 0 Balanoe at end of Year,— Cash in the Publio Acoount Investment Aocount Balanoe at end of Year,— Cash in the Publio Acoount Investment Aocount 48,521 6 7 60,000 0 0 98,004 9 4 Totals 108,521 6 7 £110,870 11 10 £117,387 9 1 :or the Year endi 31st March, 1917, compared with the Finanoii il Year ended 31 it March, 1916. £ s. d. 4,765 6 4 Annual Appropriations,— Vote 121—Land for Settlements Expenses £ s. d. £ s. d. I £ s. d. £ s. d. 6,208 3 9 Name of Estate. Acquirement of Estates, and Exponses incidental thereto, — Airedale Albury Allanholm Annan Aorangi .. Ardgowan Ardlussa Argyll .. Ashley Gorge Ashwiok Avenel .. Avenel Extension Aviemore Aylesbury Balaehraggan Barnego Bartholomew Beaumont Bellamy .. Bickerstaffe Blind River Purchase-money. Incidental Expenses. Total. 34 4 2 76 11 11 22 5 9 115 1 3 41 17 9 39 10 8 167 16 2 188 12 10 6 10 7 297 8 9 40 17 6 38 5 0 0 4 6 19 18 0 65 5 1 33 18 5 8 2 1 13 4 1 79 9 9 49 0 10 19 7 7 50 2 11 79 11 3 24 0 11 113 14 5 26 0 0 54 4 4 1118 168 4 4 6 7 2 61 2 7 37 9 6 42 5 5 0 6 9 19 18 0 71 13 9 46 12 3 2 18 11 8 7 10 136 19 6 60 0 8 19 7 7 50 2 11 79 11 3 24 0 11 113 14 5 26 0 0 54 4 4 11 1 8 168 4 4 6 7 2 61 2 7 37 9 6 42 5 5 0 6 9 19 18 0 I 71 13 9 46 12 3 2 18 11 8 7 10 136 19 0 60 0 8 19 7 7 Carried forward 1,040 9 9 1,040 9 9 6,208 3 9 1,357 12 8

8.—6

16

Table No. 1—continued.

1915-1916. RECEIPTS. ' 1916-1917. ■ ! £ s. d. 94,079 2 0 £ s. d. £ b. d. Brought forward .. .. .. .. .. .. ' •• 574,346 9 9 Reoeipts on acoount of oapital value of land under the Land Aot, 1908, — Section 191 .. .. .. .. .. .. .. .. • • 426 16 5 860 18 3 331,984 3 9 151,242 15 0 Reoeipts derived from Estates, — Rents, &o. 338,167 14 7 Sales 99,218 0 10 437,385 15 5 483,226 18 9 181,330 19 6 Land Laws Amendment Aot, 1912, Seotion 5, — Sale of Crown Lands .. .. .. .. .. .. .. •• 160,573 14 1 5,299 0 2 Interest on Soourities held by Investment Account .. .. .. .. •• 1,624 17 1 12,163 5 11 Proceeds of Sale of Workers' Dwellings on Settlement Lands under Seotion 16 of the Workers'Dwellings Aot, 1910 .. .. .. .. .. .. •• 7,495 3 5 '5 3 6 5 3 6 Reooveries on acoount of Estates, — Glenmark .. .. .. .. .. .. .. .. 285 0 0 Riverside.. .. .. .. .. .. .. .. .. • • „ „ J 285 0 0 776,965 8 1 Carried forward .. 1.182,137 16 2

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

3—B. 6.

17

1915 1916. £ s. tl. 4.765 6 4 EXPENDITURE. £ s. il. Brought forward .. 1916-1917. £ s. d. £ b. d. £ s. A. 6,208 3 9 Name of Batata, Purcliase-niouey. Incidental T ta , KxpeiiKt-H. 1,357 12 8 26 2 3 I 4 4 39 17 4 3 18 0 '() I 2 81 3 I 47 S 5 22 13 2 8 2 3 20 5 1 I 37 10 S 12 12 4 10.687 1 10 56 14 6 83 10 9 36 15 11 I li I 111 IS 3 123 1 S . 17 10 II 3 9 9 147 3 3 3 1 8 6 10 0 0 6 1 134 8 8 93 3 9 49 17 6 52 17 2 15 IS 2 ll I I III 424 18 11 32 16 I 264 13 10 273 6 (i 53 5 S 19 5 9 35 (i 10 IS 4 4 43 5 I I 2,244 2 S 3 10 9 15,143 2 8 I IS li I 41 6 I 3 3 7 170 9 10 8 2 6 35 15 S 30 19 0 2 15 3 | 74 2 5 26 1 2 7,156 18 6 30 3 9 1,991. 9 11 17 9 6 17 14 10 43 19 11 II 1 10 6 3 5 47 IS 10 li I li 2 7 11 Acquirements of Estates, and Expenses incidental thereto -continued Bourodale Braoo Braeburn Buddo Burke's Homestead (McGregor, F. L.) .. 600 0 0 Oardrona Carrington Chamberlain .. . . ... Clandeboye Clandeboye No. 2 Clantlon Olaremont Olareview .. .. .. .. Clayton (Hamilton, 0. I„ IT. M., J. D., L. F., and C. L. C.) .. .. .. . . , 5,968 18 4 Clifford Clifton (Telford, W.) .. .. .. 55,457 10 0 Clydebank Conical Hills (topland Oradock Craigmore(Verity,C. H.,andHi.gginbnt.hani, N.) 28,167 19 .'! Cricklcwood (Bray, J., and Wills, D.) .. 25.088 8 li Culverden Douglas Drayton Duncan.. Dyer Eamsoletigh Eccloston No. 1 . . Eocloston No. 2 .. Edondalo Kltlcralie Eldorslie No. 2 .. Elethorpe Epimi .. Erina (Watts, E. M.) .. .. .. 39,550 3 3 Ermodii.le Fairfield (Fairfield, T.) .. .. .. 20,394 15 0 Falloon Fencourt Pinlay Downs Flaxbourne Forest Gate Fortification Hill. . Four Peaks Fyvio .. . . .. .. .. Galloway Freeholds (Robert Campbell and Sons, Limited) .. .. .. 3,501 17 9 Glenham Glenmark Glontannor Gorton Greenfield Greystoke(Orey,W. J., A. W., M. L.,and A. H.) 27,663 7 S Owavas .. Hall-Jones Hatuma Hawtrey Heatherlea Hekeao .. Hetana Highhank Hikawera Hildorthorpe Hill borough HillerSden Hornby Horsley Downs Htiinga .. Janeneld Kaimalii Kanakanaia .. . . Kapua .. Kapuatohe 1,040 9 9 1,040 9 9 | 38 9 1 38 9 1 1 3 5 1 3 5 115 4 0 115 4 0 4 3 9 4 3 9 6 4 0 606 4 0 0 18 0 18 25 10 3 25 10 3 48 1 4 48 1 4 20 9 9 20 9 9 8 8 9 8 8 9 13 0 3 13 0 3 38 12 5 38 12 5 18 11 5 18 II 5 32 14 0 6,001 12 10 102 4 0 102 4 0 4 18 6 . 55,462 8 6 49 19 6 49 19 6 73 18 7 73 18 7 4 18 4 4 18 4 0 16 7 0 16 7 28,167 19 3 5 ]7 3 25,094 5 9 149 0 0 149 0 0 135 10 3 135 10 3 18 15 10 18 15 10 23 19 2 23 19 2 50 7 6 50 7 6 6 14 6 6 14 6 13 0 8 13 0 8 0 8 0 0 8 0 06 14 9 66 14 9 131 19 6 131 19 6 163 8 6 163 8 6 48 1 11 48 1 11 6 8 11 6 8 11 0 12 8 39,550 15 I I 9 3 9 9 3 9 6 19 8 i 20,401 14 8 5 13 9 5 13 9 34 9 10 34 9 10 11 18 3 11 18 3 294 19 6 294 19 6 50 11 8 50 11 8 6 12 10 6 12 10 42 17 4 42 17 4 17 17 8 17 17 8 13 0 7 3,514 18 4 27 18 0 27 18 (I 1,155 19 0 1,155 19 0 5 0 1 5 0 1 229 7 7 229 7 7 215 4 6 215 4 6 11 I 8 27,674 9 4 32 1 6 32 I 6 4 18 S 4 IS S 167 5 1 167 5 1 5 7 3 5 7 3 98 3 S 98 3 8 II 10 I I I 10 1 4 12 4 12 08 15 3 68 15 3 8 13 11 8 13 11 41 15 6 41 15 6 6 0 4 6 0 4 S62 12 5 862 12 5 18 10 9 18 10 9 15 5 6 15 5 6 10 10 7 10 10 7 13 7 11 13 7 11 8 7 3 5 7 3 47 18 10 47 18 10 6 17 6 17 2 9 3 2 9 3 41,726 9 10 j Carried forward .. .. .. 206,392 19 9 6,038 11 5 212,431 11 2 6,208 3 9 6,208 3 9

8.—6.

18

Table No. 1—continued.

1915-1916. RECEIPTS. 1916 1917. £ s. d. 776,965 8 1 Brought forward £ s. d. £ s. d. 1,182,137 16 2 Carried forward 776,965 8 1 1,182,137 16 2 I

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st MARCH, 1917, compared with, the Financial Year ended 31st March, 1916—continued.

19

1915-1916. EXPENDITUR 1916-1917. £ a. tl. 4,705 6 4 £ s. tl. £ s. d. £ s. tl. £ s. <l. 6,208 3 9 Brought forward Name of Estate. Purchase-money. Inoldental Expenses. Total. 41,726 9 10 9 9 I 151 IS II 1 17 10 117 12 10 0 8 10 li (I li 32 14 7 7 Hi I 19,035 7 5 113 19 9 37 19 9 13 15 0 12 5 II 77 8 I Acquirement of Estates, ami Expenses incidental thereto — continued Karapiro Kauroo Hill Kereta Kinloch.. Kitchener Kohatahi Kohika .. .. ' .. Kohika No. 2 .. Kowhatii Kiitiwsloy Park Kumcroa Kurow .. Ladbrook Lake Lamont (Trustees, J. Lament's Estate) Langdalo Lansdowne Leeston (Holloy. W.) Lees Valley Lindsay.. Linton .. Longbush Lyndon No. 1 Lyndon No. 2 .. Lynton Downs Maorcwheniia Mahora .. Mahupuku Makarcao ami extension Makuwhai (Hall, W. A. J., and McKclvie, J. F.). Manga-a-toi Mangapouri Mangatahi Mangawhata Mangawhero Mauri Hill Marawcka Marawiti Matakanui Matamala Maungaraki May town Mead .. Meadow bank Meadows Moiling .. Merrivale Merrivalo No. 1 (Public Trustee, agent for Merrivalo No. 1 Association) Merrivale No. 2 (Public Trustee, agent for Merrivalo No. 2 Association) ■Mitt linen Mills .. Momona Morioe Mount Nessing .. Ngatapa Normandale Noithbank Ohakea Ohauiti Okatiia Omaka Omihi Valley (Ipouriao Orakipaoa Otahu Otaio Otamauri (Bayley, G. 0.) .. Otanomomo Otarakaro Otekaike 206,392 19 9 6,038 11 5 9 18 3 214 19 11 2 7 1 114 18 9 0 17 10 3 0 3 33 17 4 7 16 4 303 19 4 24 10 10 32 9 9 11 10 9 16 1 3 106 18 6 136 9 0 15 14 2 66 14 2 27 4 0 1.87 11 8 123 3 I 3 11 11 309 17 11 19 3 2 58 19 2 74 6 6 99 1 10 28 4 2 311 4 6 55 14 (i 17 13 9 82 1 10 13 1 9 110 3 II 2 2 4 21 17 5 44 14 6 378 0 li 16 9 9 6 12 7 148 19 8 3 10 5 6 15 8 23 6 0 27 19 0 i 13 11 8 0 10 11 19 5 3 212,431 II 2 9 18 3 214 19 11 2 7 1 114 18 9 0 17 10 3 0 3 33 17 4 7 16 4 303 19 4 24 10 10 32 9 9 11 10 9 16 1 3 106 18 6 8,602 3 (i 15 14 2 66 14 2 7,951 4 0 187 11 8 123 3 I 3 11 11 309 17 11 19 3 2 58 19 2 74 6 (i 99 I 10 28 4 2 311 4 6 55 14 6 25,301 2 10 82 1 10 13 1 9 110 3 11 2 2 4 21 17 5 44 14 6 378 0 (i 16 9 9 li 12 7 148 19 8 3 10 5 6 15 8 23 6 0 27 19 0 13 11 8 0 10 11 19 5 3 49 19 4 76 Hi 2 8,465 14 6 590 13 5 .113 15 3 10 14 11 27 19 5 IS 19 -I 51 7 7 296 4 4 80 18 S 29 1 5 41 10 S 75 17 7 7,924 0 0 SS 14 4 12 19 11 94 7 III li (ill 23 10 I I 186 3 (i 20,777 2 li Hi S 4 2 14 5 139 2 0 7 14 2 (i S II •23 I I IS 13 II 17 10 7 1 2 !> 30 9 0 25,283 9 1 19,000 0 I. 21 8 7 19,027 8 8 111 I) I I 7 12 3 14 2 1 48 12 6 338 2 8 84 13 4 12 S II 8 17 I 24 6 9 248 2 11 5 0 5 13 3 8 0 3 4 28 Hi 2 9 15 3 8 0 7 4 19 S 18,755 12 9 374 2 9 0 19 II 113 17 2 15,952 19 (i •16 18 11 2 3 3 36 13 4 15 II 2 46 3 3 69 3 4 89 12 4 9 4 2 11 11 8 6 16 7 451 13 1 3 18 4 13 3 8 0 3 4! 27 1 10 9 8 11 i 4 0 10 5 13 9 370 5 2 517 11 3 13 4 157 13 8 15,969 18 5 2 3 3 36 13 4 15 11 2 46 3 3 69 3 4 89 12 4 9 4 2 11 II 8 6 16 7 451 13 1 3 18 4 13 3 8 0 3 4 27 1 10 9 8 11 4 0 10 5 13 9 36,005 10 2 517 11 3 1 3 4 157 13 8 35,035 5 0 104,774 14 4 Carried forward .. 318,660 7 11 11,262 18 0 329,923 5 11 6,208 3 9

8.—6.

20

Table No. 1—continued.

1915-1916. RECEIPTS. 1916 1917. £ s. d. 776,965 8 1 Brought forward £ 8. d. £ s. d. 1,182,137 16 2 Carried forward 776,965 8 1 1,182,137 16 2

21

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the year ended 31st March, 1917, compared with the Financial Year ended 31st MARCH, 1916—continued.

|— 1915-1916. EXPENDITURE. 1916-1917. £ s. tl. 4,765 6 4 £ s. d. £ s. il. £ s. tl. £ s. tl. 6,208 3 9 Brought forward Name of Estate. Purchase-money. Incidental m . , Expenses. ToM - 104,774 14 4 321 6 4 21 II li 10 10 4 376 3 3 8 15 3 75 12 3 3 8 4 2 17 5 3 13 2 1 5 10 0 14 10 48 18 2 6 9 2 27 7 10 768 4 8 7 13 6 19 2 5 0 6 6 0 11 2 1 7 4 4 0 III 36 15 9 1 18 4 7 10 7 22 14 3 1.3 15 S 5 15 I 59 17 11 7 19 7 ■2 15 0 17 0 3 30 7 I I 9 13 11 2 J 5 7 13 6 301 6 0 45 2 2 1 7 5 22 I II Acquire meat of Estates, and Expenses inoldental thereto— continued .. .. .. 318,660 7 11 (Itway Pakarau (Kereono Limited) .. .. 30,877 1 0 Papaka Paparangi Parahi Pareora No. I Pareora No. 2 .. Patoa Pawaho Peaks Pitt Plumer Plimket .. Poerua Pomahaka Poroporo .. .. .. Pouparac .. • ■ • • •. j Pourerere .. .. • • ■ • | Presoot .. Puhipuhi.. I'uhtika Puketapu Punaroa .. Rainoliff Rainford .. .. .. Rakitairi Itangiatca Rapuwai .. Raumati .. Rauioka .. liaittawii-i Reynolds (Reynolds, P.) .. .. .. 30,993 3 4 Rewi Richmond Brook Ringway Roimata Rosebrook Rosewill Ruapuna No. 2 .. Rugged Ridges Scargill Seafield (Baxter, T.) .. .. .. 10,618 0 0 Seaforth (Ross, D.) .. .. .. 15,400 12 4 Solwyn .. ..' .. .. .. Sherenden .. .. .. .. | Sherwood Downs . . .. .. . . j Simpson and Hall's Estate (Simpson, A. J.) .. 7,341 16 4 Spotswood .. .. . . .. I Springhill .. .. . . Scarborough .. .. .. Steward St. Helens Stoko Strathmoro Streamlands (Perham, R. F.) .. .. 10,688 0 10 Studholme Junction Tablelands Tahawai ., .. Takitu Tamai Taniwha (Estate of Swanson, G, and Martin, D. K.).. .. .. .. .. 14,696 17 0 Tapapa (Corry, W.) .. .. ■- 15,554 19 0 Tara Tarawahi.. Tariki .. Taumata.. Tautari .. Tawaha Toanaraki Te Aral Teasdale Te Mata .. Te Matua 11,262 18 0 329,923, 5 11 124 10 5 : 124 10 5 32 8 4 30,909 9 4 21 11 6 21 11 6 3 15 6 3 15 6 56 5 4 56 5 4 9 0 3 9 0 3 73 17 0 73 17 0 3 6 4 3 6 4 2 10 9 2 10 9 3 7 6 3 7 6 0 10 8 0 10 8 0 12 0 0 12 0 72 14 2 72 14 2 3 4 0 3 4 0 43 18 8 43 18 8 1,857 9 11 1,857 9 11 8 17 4 8 17 4 17 15 10 17 15 10 0 10 7 0 10 7 0 11 0 0 11 0 17 6 17 6 6 7 9 6 7 9 42 3 10 42 3 10 1 18 4 1 18 4 7 0 5 7 0 5 23 17 0 23 17 0 14 4 11 14 4 11 7 18 1 7 18 1 51 16 5 51 16 5 8 12 7 j 8 12 7 3 5 4 j 3 5 4 526 6 I 31,519 9 5 12 4 2 12 4 2 28 14 3 28 14 3 3 19 4 3 19 4 2 0 5 2 0 5 8 0 10 8 0 10 305 5 7 305 5 7 50 1 6 50 I 6 2 13 2 13 22 3 8 22 3 8 10,618 0 0 151 14 9 15,552 7 1 91 9 9 91 9 9 82 15 11 i 82 15 11 123 3 5 123 3 5 7,341 16 4 6 3 6 6 3 6 73 5 2 73 5 2 147 5 8 147 5 8 160 13 5 160 13 5 7 11 6 7 11 6 22 11 6 22 11 6 9 13 I 9 13 1 25 4 4 10,713 5 2 1 12 11 1 12 11 474 7 11 474 7 11 14 6 14 6 31 14 1 31 14 1 2 10 5 2 10 5 78 17 2 94 14 8 326 1 4 40 I 6 37 6 5 145 7 10 111 S I 5 1 0 18 19 5 10 9 7 0 Hi 6 136 (i I 0 17 0 28 4 10 2 17 6 34 -I 10 2 18 2 22 1 7 22 15 0 25 14 4 57 11 6 6 6 S 122 17 11 7 1 6 I 19 0 13 5 2 31 18 6 14,728 15 6 15,554 19 0 37 12 2 37 12 2 3 6 6 3 6 6 19 4 0 19 4 0 29 6 8 29 6 8 35 12 9 35 12 9 25 8 4 25 8 4 8 2 8 8 2 8 112 4 1 112 4 1 8 13 5 8 13 5 2 3 9 2 3 9 5 6 3 5 6 3 108,437 14 9 Oarried toward .. .. .. 454,830 17, 9 16,461 5 3 471,292 3 0 r,,208 3 9 i

8.—6.

22

Table No. 1—continued

1915-1916. RECEIPTS. 1916-1917. £ a. d. 776,965 8 1 Brought forward £ s. d. £ s. d. 1,182,137 16 2 % A Totals v^ £776,965 8 1 £1,182,137 16 2

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

23

1915-1916. EXPENDITURE. 1916 -1917. £ s. d. 4,765 6 4 •C s. tl. £ a. d. Brought forward Name of Estate. Purohaso-money. 1 Acquirement of Estates, and Expenses incidental thereto— continued .. .. 454,830 17 9 16,461 5 3 To Puke .. .. . . . . .. 5 5 9 Teschemaker .. .. . . .. .. 23 6 6 Timaunga .. . . .. .. .. 99 2 3 Timaunga Extension .. .. .. .. 29 5 1 Tiraumea (Holmes, J. S., C. C. C, and C. M.).. 81,079 14 10 12 12 8 Tokaora .. .. .. .. .. J .. 4 2 0 Tokarahi.. .... 129 5 0 Tomoana. . .. .. ., ,. .. 285 Tongoio .. .. . . . . .. .. 56 16 10 Totara .. .. .. .. .. .. 82 11 6 Tripp .. .. .. 56 11 10 Tututawa (Perry, A. L.) .. .. .. 8,744 5 0 Valverde.. .. .. .. .. .. 26 7 9 Waari .. .. . . .. .. .. 478 18 2 Waddington .. .. .. .. .. 2 9 5 Waiapi .. .. .. .. .. .. 469 Waiarikiki .. . . . . .. .. 34 12 0 YVaihau .. .. .. .. .. 69 8 1 Waikakahi .. . . .. . . .. 371 13 1 Waimana .. .. .. .. .. 27 3 10 Waimarie .. .. .. .. .. 10 9 5 Waimate.. .. .. .. .. .. 38 14 4 Waipapa.. .. .. .. .. .. 909 Waipnka.. .. .. .. .. .. 664 Waitahuna .. .. .. .. .. 97 I 4 Waitakaruni .. .. .. .. .. 6 11 8 Wangapeka .. .. .. . . .. 20 0 3 Watca (Thompson, W. J., ami White, F. C.) .. 27.086 15 11 Wharenui .. .. .. .. 4 5 4 Whisker's Estate (Whisker, .1. T. H., ami Harper, E.) .. .. .. .. 23,677 10 0 27 4 4 Whitehall .. . . . . .. 6 5 10 Wigan .. .. . . .. . . .. 46 5 8 Willonl . . .. .. . . . . .. 8 5 11 Willows .. .. .. .. 17 3 6 Winchester .. . . . . .. 24 0 10 Windsor Park No. 1 .. .. .. .. 53 11 2 Windsor Park No. 2 .. . . .. .. 28 13 8 Wither Run .. .. .. 323 14 8 Sections 36056 ami 36057 .. . . ) f .. 0 3 4 Seotion 36469 .. . . ■ • I g • • 0 5 9 1862 .. .. ..£ -- 0 7 3 „ 36226 .. .. . . I o-g .. 0 12 30791 .. .. •• h« -H •• 0 711 36278 .. .. • • I I ■• 0 114 „ 36228 .. .. .. -am .. 0 2 10 36231 . . . . .. _ .. 0 8 0 2682 J I .. 0 0 6 34430 .. 0 13 £ a. d. £ s. tl. £ s. tl. 6,208 3 9 Incidental Expenses. Total. 108,437 14 9 12 7 7 109 13 1 98 16 4 21 3 0 142 6 III 92 0 4 2 12 7 56 1 3 56 7 9 45 S 4 31 19 S 1 17 I 7 0 9 7 5 2 6 15 9 73 14 4 357 19 7 26 8 7 10 1 4 26 17 3 10 6 I I 6 6 6 9,007 19 S 7 5 11 9 14 3 16,461 5 3 5 5 9 23 6 6 99 2 3 29 5 1 12 12 8 4 2 6 129 5 0 2 8 5 56 16 10 82 11 6 56 11 10 26 7 9 478 18 2 2 9 5 4 6 9 34 12 0 69 8 1 371 13 I 27 3 10 10 9 5 38 14 4 9 0 9 6 6 4 97 I 4 6 11 8 20 0 3 471,292 3 0 5 5 9 23 6 6 99 2 3 29 5 1 81,092 7 6 4 2 6 129 5 0 2 8 5 56 16 10 82 11 6 56 11 10 8,744 5 0 26 7 9 478 18 2 2 9 5 4 6 9 34 12 0 69 8 1 371 13 I 27 3 10 10 9 5 38 14 4 9 0 9 6 6 4 97 I 4 (ill 8 20 0 3 27,086 15 11 4 5 4 "i 8 2 4 5 4 6 0 4 57 9 I 10 2 4 17 10 7 23 14 2 36 6 0 19 14 2 209 9 3 0 6 S 0 1 I 6 0 1 6 0 2 4 0 12 I Oil 4 0 5 8 0 8 0 0 0 6 27 4 4 6 5 10 46 5 8 8 5 11 17 3 6 24 0 10 53 11 2 28 13 8 323 14 8 0 3 4 0 5 9 0 7 3 0 I 2 0 7 11 Oil 4 0 2 10 0 8 0 0 0 6 0 I 3 23,704 14 4 6 5 10 46 5 8 8 5 11 17 3 6 24 0 10 53 11 2 28 13 8 323 14 8 0 3 4 0 5 9 0 7 3 0 I 2 0 7 11 0 11 4 0 2 10 0 8 0 0 0 6 0 1 3 119,053 18 3 Totals .. .. .. 595,419 3 6 18,707 17 0 595,419 3 6 IS,707 17 0 014,127 0 6 New Zealand Loans Aot, 1908, — Land Laws Amendment Act, 1913 — Charges and Expensca 614,127 0 0 0 17 6 8 10 0 288,728 0 8 Interest recouping tho Consolidated Fund in respect of Debentures issued 266,904 15 1 Stato Advances Act, 1913, — Sinking Fund under section 26 38,153 I 7 41,870 15 7 Interest undor subaection (8) of section 191 of the Land Aot, 190S 167 19 0 Land Laws Amendment Act, 1913, Section 63, — Amount transferred to Land for Settlements Account (Opening up Crown Lands for Settlement Account) 45,000 0 0 Amount oredited during previous year to revenue under section 191 of the Land Act, 1908, now transferred to Receipts derived from Estates —Sales 2,000 0 0 New Zealand Loans Act, 1908, — Land for Settlements Act, 1908— Debentures matured 1st February, 1915, redeemed .. 700 0 0 Amount transferred to Loans Redemption Account to meet payment of Debentures under the Land for Settlements Aot, 1908 (due 1st February, 1915) 500 0 0 274,340 9 9 Balance at end of Year, Cash in the Public Account Investment Account 111,568 6 3 145,000 0 0 250,568 6 3 274,346 9 9 Totals £776,965 8 1 £1,182,137 .16 2

8.-6

24

Table No. 1—continued.

1915-1916. 1915-1916. RECEIPTS. 1916-1917. -1917. j £ s. d. 15,199 18 9 £ a. d. £ a. d. 17,883 10 1. £ a. d. £ s. d. 15,199 18 9 97 6 9 1fi.907 fi fi 97 6 9 Balance at beginning of Year, — Cash in the Publio Acoount Imprests outstanding— In the Dominion _ 17,883 10 1 17,883 10 1 io, ssay o o 367,200 0 0 15,297 5 6 Now Zealand Loans Act, 1908, — Native Land Amendment Aot, 1913— Debentures issued 279,500 0 0 279,500 0 0 367,200 0 0 29,766 2 2 29,766 2 2 Amount received in respect of Survey Liens 24,504 14 7 24,564 14 7 19,276 10 11 19,276 10 11 Rents, &o. .. 25,408 13 10 25,408 13 10 402 14 6 402 14 6 Land Sales 3,162 2 8 3,162 2 8 555 6 8 1,648 5 0 2.203 11 8 555 6 8 1,648 5 0 Repayments of Advances by Maori Land Boards under seotion 274, Native Land Aot, 1909,— Principal Interest 771 2 1 1,459 14 7 n non i n o 2,230 16 8 2,203 11 8 2,230 16 8 Z,ZUd 11 B £434,206 4 9 Totals £352,749 17 10 £352,749 17 10 £434,206 4 9 STATEMB ENT of the RECEIPTS and EXPENDITURE of the LAND POR SETTLE IMENTS ACCOUNT (Opening statem: £ s. d. J 10,138 1 1 i 51 1 3 16,189 2 4 £ s. d. 10,138 1 1 ; Balanoe at beginning of Year, — Cash in the Publio Aocount Imprests outstanding— In the Dominion £ s. d. £ s. d. 17,964 10 5 51 1 3 16,189 2 4 17,964 10 5 12,730 10 0 -" . ~ — ** — — 12,730 10 0 Land Laws Amendment Act, 1913, — Revenue received under seotion 63 .. 15,385 16 6 45,000 0 0 45,000 0 0 Land Laws Amendment Act, 1913, — Amount set aside from Laud for Settlements Account under section 63 £73,919 12 4 Totals £73,919 12 4 £33,350 6 11 STATEMENT of the RECEIPTS and EXPENDITURE of the CC ONVERSION ACCOUNT for £ a. d. 8,232 8 5 1,114 8 10 9,340 17 3 £ a. d. 8,232 8 5 1,114 8 10 Balance at beginning of Year, — Cash in the Public Aocount Advances in the hands of Stock Agents— Cash £ s. d. £ s. d. 0,482 8 5 2,065 6 9 j 8,547 15 2 9,340 17 3 5,250 0 0 New Zealand Loans Act, 1908, — 4-per-cent. Inscribed Stock, 1943-63 issue— Issued for conversion— On account of £3,500,000 LoanDebentures under New Zealand State-guaranteed Advanoes Acts, 1909-10— Advances to Settlers Branch.. On account of £250,000 Scrip issued under the Aid to Public Works and Land Settlement Act, 1914 .. 303 0 0 303 0 0 I £8,850 15 2 £14,596 17 3 Totals

25

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the NATIVE LAND SETTLEMENT ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

4—B. 6.

1915-1916. EXPENDITURE. 19161917. £ s. d. 1,972 6 5 Annual Appropriation,— Voto 136 —Native-land Purchase Exponsea .. .. .. £ a. d. £ s d. 2,090 3 11 38,369 17 1 330,546 16 4 Expenditure under the Act, — Lands Department Native Department 34,153 8 1 230,464 16 4 368,916 13 5 264,618 4 5 Interest recouping the Consolidated Fund in respect of Debentures issued 53,573 9 5 45,423 1 4 New Zealand Loans Act, 1908,— Native Land Amendment Act, 1913 — Charges and Exponses 5 10 6 10 13 6 17,883 10 1 Balance at end of Year, — Cash in the Public Account Imprests outstanding— In the Dominion 32,459 2 7 32,462 9 7 3 7 0 17,883 10 1 Totals £434,206 4 9 £352,749 17 10 ip Crown Lands ft tr Settlement) for the Year ended 31st March, 1917, compared with the Financial oar ended 31at M. roh, 1916. '£ s. d. 47,974 2 7 Annual Appropriation— Vote 122—Roads to open up Lands for Settlement £ s. d. £ s. d. 24,730 8 10 7,980 19 4 Interest recouping the Consolidated Fund in respect of Debentures issued 7,980 19 4 Balance at end of Year, — Cash in the Publio Acoount 17,964 10 5 638 18 9 £73,919 12 4 Totals £33,350 6 11 1 Lst Maboh, 1917, oompared with the Financial Year endod 31st Maboh, 1916. ,he Year ended 3 £ s. d. Amount Rat0 Scrip and Debentures converted into 4-per-cent. converted. Inscribed Stock, 1943-63 issue,— £ £ New Zealand State-guaranteed Advances Aot, i 1909-10— j Advances to Settlers Branch .. .. 300 101 Aid to Publio Works and Land Settlement Act, 1914 .. .. .. .. I 300 Premium. £ 3 8 £ a. d £ s. d 5,250 0 0 5,250 0 0 303 0 0 501 17 1 297 5 0 Expenses Account, — Rent and Office Expenses Stamp Duty 444 14 5 303 ' 0 0 444 14 5 799 2 1 Balanoe at end of Year, — Cash in the Public Account Advances in the hands of Stock AgentsCash .. 6,482 8 5 6,083 6 5 8,103 0 9 2,065 6 9 2,019 14 4 8,547 15 2 Totals £14,596 17 3 £8,850 15 2

8.—6

26

Table No. 1—continued.

1915-1916. RECEIPTS. 1916 1917. £ s. d. 4,503 13 0 43,011 18 9 239,126 0 2 Balance at beginning of Year, — Cash in the Public Aocount .. .. .. .. .. Imprests in the hands of officers of the Government .. .. .. in London .. .. .. .. .. .. .. .. J £ s. d. 199,159 13 0 336,645 18 3 515,831 3 9 £ s. d. 287,301 11 11 1,051,636 15 6 New Zealand Loans Act, 1908, and Amendment Act, 1915, and Finanoe Act, 1916, Seotion 37, — Finanoe Act, 1916, Seotion 35— Amount received on aocount of £16,000,000 Loan 10,122,050 0 0 New Zealand Loans Act, 1908.— Finanoe Act, 1916 (Seotion 35)— Memorandum of Security issued to Imperial Government in respect of War Advanoes (part of £16,000,000 Loan) 4,500,000 0 0 6,030,000 0 0 New Zealand Loans Act, 1908, — Publio Revenues Amendment Act, 1915 (Section 5) — Amount received on account of £10,000,000 Loan Securities issued to cover Expenses of raising £800,000 (part of £10,000,000 Loan) formerly advanced on security of Reserve Fund Securities .. Securities issued to cover Expenses of raising £2,400,000 (part of £10,000,000 Loan) 3,970,000 0 0 20,839 19 5 24,242 8 5 ,054,242 8 5 Publio Revenues Amendment Act, 1915 (No. 2), (Section 6), — Amount received for Remittances to Soldiers Remittances received from Soldiers 3,990.839 19 5 13,512 1 10 2,702 0 10 77,682 15 11 6,564 17 6 84,247 13 5 16,214 2 8 Contributions, &c, reooived towards War Expenses Fund 5,405 0 2 6,779 15 7 New Zealand Loans Aot, 1908, — Memorandum of Security issued at i_ per cent, in respect of War Advances in replacement of 3_ per cent, security cancelled owing to conversions as per contra — Public Revenues Amendment Act, 1915 (Section 5) — Publio Revenues Amendment Act, 1915 (No. 2), (Section 2) Treasury Bills issued at 3_ per cent, and 4_ per cent, in respeot of War Advances in replacement of Treasury Bills at 3_ per cent, cancelled owing to conversions as per contra — Public Revenues Amendment Act, 1915 (No. 2), (Section 9) ; Public Revenues Amendment Act, 1914 (Seotion 8) .. Charges and Expenses, being amounts representing discount on War Advances now reduced owing to conversion by Imperial Government of 80 per cent, of loan repayable at the rate of £100 for every £95 advanoed, into loan repayable at the rate of £100 for every £99 advanced— Public Revenues Amendment Aot, 1915 (No. 2), (Section 9) ; Public Revenues Amendment Aot, 1914 (Seotion 8) Public Revenues Amendment Act, 1915 (Section 5), and Publio Revenues Amendment Act, 1915 (No. 2), (Seotion 2) 303,030 6 2 0 2,007,410 19 0 37,852 4 2 50,611 7 5 12,759 3 3 19,400 0 0 Pay-warrants Account 225,000 0 0 Temporary transfer from the Consolidated Fund under Section 2 of the Imprest Supply Aot, 1915 .. .. .. .. .. .. .. .. • 500,000 0 0 Advanoe on the security of Reserve Fund Securities 105,203 3 2 New Zealand Loans Aot, 1908, — Public Revenues Amondment Aot, 1915 (No. 2), (Section 9); Publio Revonues Amendment Act, 1914 (Seotion 8) — Securities issued to cover Expenses of raising £2,000,000 Loan £7,214,201 1 9 Totals £22 175,232 1 1

27

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the WAR EXPENSES ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

1915-1916. EXPENDITURE. 1916-1917. £ s. d. Expenditure under Section 8 of the Public Revenues Amendment Aot, 1914 (War Purposes) £ s. d. £ s. d. 5,712,892 5 6 9,639,955 10 4 Refund to War Offioe on account of maintenance of New Zealand troops in field 4,500,000 0 0 72,500 0 0 Expenditure under Seotion 6 of the Public Revenues Amendment Act, 1915 (Relief Purposes) 129,245 0 6 I 1,534 13 0 1,787 2 8 3,321 15 8 Publio Revenues Amendment Aot, 1915 (No. 2), (Section 6),— Remittances to Soldiers Remittances from Soldiers.. 39,871 9 10 7,017 17 3 39, i 871 017 9 10 17 3 46,889 7 1 19,344 10 0 Pay-warrants Account .. .. .. 4 10 0 Repayment of temporary advances obtained on security of the Reserve Fund Securities 800,000 0 0 24,242 11 11 New Zealand Loans Aot, 1908, — Public Revenues Amendment Act, 1915 (Section 5) — Charges and Expenses 20,840 14 5 New Zealand Loans Act, 1908, and Amendment Act, 1915, — Finanoe Aot, 1916— Charges and expenses 54,482 3 5 New Zealand Loans Act, 1908, — Memorandum of Security at 3_ per oent. in respect of War Advances now cancelled owing to conversion by Imperial Government of 80 per oent. of loan repayable £100 for eaoh £95 advanced, into loan repayable £100 for each £99 advanced— Public Revenues Amendment Act, 1915 (Section 5) — Publio Revenues Amendment Aot, 1915 (No. 2), (Section 2) Treasury Bills at 3J per cent, in respect of War Advanoes cancelled owing to conversion by Imperial Government as above— Public Revenues Amendment Act, 1915 (No. 2), (Section 9) — Public Revenues Amendment Act, 1914 (Section 8) 315,789 9 5 2,105,263 3 2 225,000 0 0 Temporary transfer from the Consolidated Fund under Section 2 of the Imprest Supply Aot, 1915, now restored New Zealand Loans Aot, 1908, — Public Revonuos Amendment Act, 1915 (No. 2), (Section 9); Publio Revenues Amendment Aot, 1914 (Section 8) — Charges and Expenses 105,263 3 2 199,159 13 6 336,645 18 3 515,831 3 9 Balance at end of Year, — Cash in the Publio Account .. .. .. .. .. .. Imprests in the hands of officers of the Government .. In London Investment Account 1,327,473 12 9 312,287 13 2 644,541 14 8 2,278,459 2 2 1,051,636 15 6 4,562,762 2 9 • £7,214,201 1 9 Totals £22,175,232 1

8.—6

28

Table No. 1—continued.

1915-1916. 1915-1916. RECEIPTS. 1916■1917. £ 8. d. Balance at beginning of Year, — 4,265 19 4 Cash in the Publio Account £ s. d. 4,265 19 4 £ s. d. £ s. d. 8,474 12 0 9,449 14 10 1,347 0 0 743 8 8 Receipts under Section 5 of the Hauraki Plains Act, 1908, — 9,449 14 10 Rents 1,347 0 0 Land Sales 743 8 8 Miscellaneous 11,540 3 6 10,759 9 7 8,548 0 7 323 5 3 19,630 15 5 11,540 3 6 New Zealand Loans Act, 1908, — Hauraki Plains Amendment Act, 1913 — 11,000 0 0 Debentures issued 11,000 0 0 £26,806 2 10 Totals £28,105 7 5 £26,806 2 10 STATEMENT of the RECEIPTS and EXPENDITURE of the ] ATIONAL INDOWMEN £ s. d. Balance at beginning of Year, — 65,854 17 4 Cash in the Public Account 26,800 0 0 Investment Account £ a. d. 87,827 7 0 £ s. A. 92,654 17 4 87,827 7 0 92,654 17 4 108,094 2 5 Rents, &c, from National Endowment Lands .. 108,094 2 5 111,390 17 6 200,748 19 9 ' Totals .. £200,748 19 9 £199,218 4 6 STATEMENT of the RECEIPTS and EXPENDITURE of th. WORKERS' DWELLINGS £ s. d. 9,909 8 7 Balance at end of Year, — Cash in the Public Account £ s. d. £ s. d. 30,717 16 1 20,808 7 6 Proceeds of sale of Workers' Dwellings under seotion 16 of the Workers' Dwellings Aot, 1910 15,759 5 0 Totals £46,477 1 1 £30,717 16 1 STATEMENT of the RECEIPTS and EXPENDITURE of the MININ ADVANCE £ s. A. 435 13 11 Balance at beginning of Year, — Cash in the Publio Acoount £ a. d. £ s. d. 525 17 0 208 18 9 Interest on Advances 1,101 18 5 Repayment of principal,— Ross Goldfields Reconstructed (Limited) W. Buchanan, G. W. Teasdale, and G. Williamson 6,500 0 0 50 0 0 6,550 0 0 3,500 0 0 Now Zealand Loans Act, 1908, — Mining Amendment Act, 1913— Debentures issued .. .. .. £4,144 12 8 Totals .. £8,177 15 5

29

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the HAURAKI PLAINS SETTLEMENT ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

1915-1916. 1915-1916. EXPENDITURE. 1916-191 •1917. 17. £ s. d. £ s. d. Expenditure under Section 5 of the Hauraki Plains Act, 1908, and Seotion 93 of the Reserves and other Lands Disposal and Public Bodies Empowering Act, 1916.. £ s. d. £ s. d. £ s. d. 13,936 14 6 13,936 14 6 3,997 10 0 3,997 10 0 Interest recouping the Consolidated Fund in respect of Debentures issued 4,469 3 4 4,469 3 4 0 7 0 New Zealand Loans Aot, 1908,— Hauraki Plains Amendment Act, 1913— 0 7 0 Charges and Expenses 14,333 13 10 Unauthorized Expenditure,— 14,333 13 10 Services not provided for .. 8,474 12 0 Balanoe at end of Year,— 8,474 12 0 Cash in the Publio Acoount 9,699 9 7 9,699 9 7 £26,806 2 10 Totals £26,806 2 10 £28,105 7 5 £28,105 7 5 lCCOUNT for the Yoar ended 31st Mabch, 1917, compared with the Financial Year ended 31st March, 1916. I £ s. d. Annual Appropriation,— 13,344 5 4 Vote 128—Roads to open up National Endowment Lands £ s. d. £ a. d. 6,787 8 6 99,577 7 5 Expenditure under the Land Aot, 1908 i 91,938 2 2 Balanoe at end of Year, — 87,827 7 0 Cash in the Publio Aooount I 100,492 13 10 £200,748 19 9 Totals £200,748 19 9 £199,218 4 6 lCCOUNT for tho Year endod 31st March, 1917, compared with tho Financial Year ended 31si Maboh, 1916. £ s. d. 30,717 16 1 Balance at end of Year— Cash in tho Public Account £ s. d. £ a. d. 46,477 1 1 Totals £46,477 1 1 £30,717 16 1 CCOUNT 'or the Year ended 31st Mabch, 1917, compared with the Financial Year ended 31a Mabqh, 1916. £ a. d. 350 0 0 650 0 0 1,002 7 7 Advances, — W. Buchanan, G. W. Teasdale, and G. Williamson Waihi Reefs Gigantio Consolidation (Limited) Teviot-Molyneux Gold-mining Company £ s. d. 150 0 0 £ s. d. 150 0 0 2,002 7 7 1,515 17 7 Interest recouping the Consolidated Fund in respect of Debentures issued 847 10 0 100 0 0 State Advances Act, 1913, Section 26, — Sinking Fund 100 0 0 0 10 6 New Zealand Loans Act, 1908, — Mining Amendment Act, 1913— Charges and Expenses 525 17 0 Balance at end of Year, — Cash in the Public Aocount 7,080 5 5 £4,144 12 8 Totals £8,177 15 5

8.—6

30

Table No. 1—continued.

1915-1916. IH 16. RECEIPTS. 1916 1916-1917. I £ s. d. 773,200 0 0 s. d. Balance at beginning of Year, — 0 0 Investment Account £ s. d. £ s. d. £ s. d. 0 0 Totals £773,200 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the RANG! [TAIKI LAN ITAIKI LAND DRAINAGE £ s. d. 3,030 18 4 s. d. Balance at beginning of Year, — 18 4 Cash in the Publio Account £ a. 6. I £ s. d. 5,835 6 0 £ s. A. 19,000 0 0 New Zealand Loans Act, 1908, — Rangitaiki Land Drainage Amendment Acta, 1913 and 1914— 0 0 Debentures issued 17,000 0 0 38 10 1 10 1 Receipts under the Rangitaiki Land Drainage Act, 1910 16 2 8 640 18 2 Rangitaiki Land Drainage Amendment Act, 1913 (Seotion 6), — 18 2 Rate Account 6 7 Totals £22,851 8 8 £22,710 6 7 STATEMENT of the RECEIPTS and EXPENDITURE of the BANK OF NEW 2 3EALAND A TS, 1903 and £ s. d. s. d. Balance at beginning of Year, — 0 0 Investment Acoount £ s. d. £ s. d. £ s. d. £ s. d. 875,000 0 0 875,000 0 0 875,000 0 0 0 0 Totals £875,000 0 0 £875,000 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the K ESERVE FUND ACCOUNT ESERVE FU: £ s. d. s. d. Balance at beginning of Year,— 0 0 Investment Acoount £ s. d. [ £ s. d. £ s. d. 800,000 0 0 800,000 0 0 0 0 Totals £800,000 0 0 £800,000 0 0 STATEMENT of the RECEIPTS and EXPENDITURE of the ] MEW ZEALA EW ZEALAND CONSOLS £ 8. d. a. d. Balance at beginning of Year,— 14 0 Cash in Deposit Account .. 0 0 Investment Acoount 14 0 £ s. d 106 14 C 475,885 0 0 £ s. d. £ s. d. 106 14 0 475,885 0 0 106 14 0 475,885 0 0 475,991 14 0 475,991 14 0 14 0 Totals £475,991 14 0 £475,991 14 0

31

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the STATE ADVANCES LOAN ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

1915-1916. EXPENDITURE. 1915-1916. 19161917. £ a. d. Amounta paid over to the State Advances Office Account on aocount of Loan, — 273,200 0 0 Advances to Settlers Branch 500,000 0 0 Local Authorities Branch .. .. .. .. .. .. 773,200 0 0 £ a. d. 273,200 0 0 500,000 0 0 £ a. d. £ a. d. 773,200 0 0 £773,200 0 0 Totals .. £773,200 0 0 ACCOUNT for the Year ended 31st March, 1917, oompared with the Financial Year ended 31st , March, 1916. —I £ a. d. 14,328 15 4 Expenditure under the Aot .. £ s. d. £ a. d. 18,207 19 6 2,545 7 9 i Interest recouping the Consolidated Fund in respect of Debentures issued 3,356 0 5 New Zealand Loans Act, 1908, — Rangitaiki Land Drainage Amendment Acts, 1918 and 1914— 0 17 6 Charges and Expenses 0 17 6 Rangitaiki Land Drainage Amendment Act, 1913 (Section 6), — Rate Account: Refund of Rates colleoted 110 13 6 Balance at ond of Year, — 5,835 6 0 Oaah in the Publio Account 1,175 17 9 £22,710 6 7 Totals £22,851 8 8 1913, ACCOUNT 'or the Year ended 31st March, 1917, oompared with the Finanoial Year ondt 1913, ACCOU id 31st March, 19: .6. £ s. d. £ s. d. £ s. d. 875,000 0 0 Balance at end of Year,— 875,000 0 0 Investment Acoount .. .. 875,000 0 0 £875,000 0 0 Totals .. .. .'.' .. • .. | £875,000 0 0 £875,000 0 0 'or the Year ended r the Year ended 31st March, 1917, oompared with the Financial Year ended 31st March, 1916. £ a. d. £ a. d. £ s. d. Balance at end of Y>.ar, - 800,000 0 0 Investment Account £ s. d. £ s. d. 800,000 0 0 800,000 0 0 £800,000 0 0 £800,000 0 0 Totals £800,000 0 0 . CCOUNT for the Year ended 31st March, 1917, oompared with the Financial Year ended 31st March, 1916. £ s. d. £ s. d. £ s. d. Balanoe at end of Year, — 106 14 0 Oaah in Deposit Acoount .. .. .. .. .. .. .. 106 14 0 475,885 0 0 Investment Acoount . .. .. .. .. .. ,. 475,885 0 0 475,991 14 0 475,991 14 0 475,991 14 0 £475,991 14 0 Totals .. £475,991 14 0 £475,991 14 0

8.—6

32

Table No. 1—continued.

1915-1916. RECEIPTS. 1911 5-1917. £ a. d. Balance at beginning of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion £ s. d. £ s. d. 8,978 10 2 2,676 3 8 28 16 0 9,007 6 2 18 0 1 2,694 3 9 18,000 0 0 New Zealand Loans Act, 1908, — Kauri-gum Industry Amendment Act, 1914— Debentures issued 15,000 0 0 Sale of Kauri-gum 10,889 1 10 2 6 6 Miscellaneous Receipts £27,009 12 8 Totals £28,583 5 7 STATEMENT of the RECEIPTS and IXPENDITURE o: the SWAMP £ a. d. New Zealand Loans Act, 1908, Swamp Drainage Act, 1915— Debentures issued £ a. d. £ s. d. 11,000 0 0 Total £11,000 0 0 STATEMENT of the RECEIPTS and EXPENDITURE >f the LOANS ;EDEMPTIO! £ s. d. £ s. tl. £ s. tl. 237,668 13 6 Balance at beginning of Year, — Cash in the Public Account 333 3 5 63,550 0 0 93,535 0 0 71,625 0 0 5,500 0 0 8,270 0 0 2,000 0 0 53,476 0 0 499,700 0 0 100,000 0 0 20,000 0 0 2,000 0 0 10,000 0 0 4,500 0 0 i 25,000 0 0 59,900 0 0 Debentures issued for Redemption of Dobentures, — New Zealand Loans Act, 1908 — Land for Settlements Act, 1908, due 1st August, 1915 Land for Settlomonts Act, 1908, due Ist January, 1916 Land for Settlements Act, 1908. due 1st May, 1910 Land for Settlements Act, 1908, due 30th September, 1916 Land for Settlements Act, 1908, duo 1st January, 1917 Land for Settlements Act, 1908, duo 1st February, 1917 Aid to Public Works and Land Settlement Act, 1900, due 1st M by, 1916 Aid to Public Works and Land Sottlement Act, 1901, due 1st December, 19.16 Aid to Public Works and Land Settlement Act, 1903, due 1st January, 1916 Aid to Public Works and Land Settlement Act. 1906, due 1st January, 1917. . Government Railways Act, 1908, and Finance Act, 1909, due 1st February, 1917 New Zealand State-guaranteed Advances Acts, 1909-10— Advances to Settlers Branch, due 1st December, 1916 Land Laws Amendment Act, 1913, due 31st March, 1916 Land Laws Amendment Act, 1913. due 22nd July, 1916 Land for Settlements Act, 1908. tlue 15th October, 1915 .. Land for Settlements Act, 1908, due 1st February, 1916 Lands Improvement and Native Land Acquisition Act, 1894, due 30th September, 1915 Public Works Act, .1908 (Waikaka Branch Railway Act, 1905), due 1st May, 1915 Wcllington-Manawatu Railway Purchase Act, 1908, due 1st March, 1916 Government Advances to Settlers Act, 1908, due 1st March, 1916 Government Railways Act, 1908, tluo 30th June, 1915 Government Railways Act, 1908, due 15th October, 1915 Land Laws Amendment Act, 1913, due 31st March, 1915 Land Laws Amendment Act, 1913, due 1st February, 1916.. Aid to Public Works and Land Settlement Act, 1903, due 1st February, 1916.. Aid to Public Works and Land Settlement Act, 1914, due 31st December, 1915 1,100 0 0 3,700 0 0 2,500 0 0 400 0 0 395,400 I) 0 135,000 0 0 33,600 0 0 10,000 0 0 9,850 0 0 5.000 0 0 5,400 0 0 205,000 0 0 10,000 0 0 8,000 0 0 1,019,056 0 0 1,256,724 13 6 Carried forward 824,950 0 0 825,283 3 5

33

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the KAURI-GUM INDUSTRY ACCOUNT for the Year ending 31st March, 1917, compared with the Financial Year ended 31st March, 1916.

s—B. 6.

1915-1916. 1915-1916. EXPENDITURE. 1916-1917. £ s. d. 24,314 11 5 Expenditure under the Act £ a. A. 24,314 1.1 5 £ B. d. £ s. d. 16,994 19 6 Unauthorized expenditure— Services not provided for .. 409 13 5 0 17 6 New Zealand Loans Aot, 1908, — Kauri-gum Industry Amendment Act, 1914 — 0 17 6 Charges and Expenses 0 10 6 Balance at end of Year,— 2,676 3 8 Cash in the Public Acoount Imprests outstanding— 18 0 1 In the Dominion .. .. .. .. .. ... a «qi n a 2,676 3 8 11,178 2 2 11,178 2 2 18 0 1 2,694 3 9 £27,009 12 8 Totals .. 2,694 3 9 £28,583 5 7 £27,009 12 8 LAND DRAINAGE ACCOUNT for the year ended 31st Maroh, 1917. £ s. d. Expenditure under Seotion 4 of the Swamp Drainage Act, 1915, and Section 95 of the Reserves and other Landa Disposal and Public Bodies Empowering Act, 1916 £ s. d. £ s. d. 0,035 15 2 Unauthorized expenditure,— Services not provided for 528 11 2 New Zealand Loans Aot, 1908, — Swamp Drainage Act, 1915— Charges and Expenses 0 7 0 Balance at end of Quarter, — Cash in the Public Account 4,435 6 8 i Totals .. £11,000 0 0 ACCOUNT 'or the Year ended 31st March, 1917, compared with the Financial Year ended 31; it March, 1916. £ s. d. Debentures Redeemed, — New Zealand Loans Act. 1908 — ' 63,550 0 0 Land for Settlements Act. 1908. due 1st August. 1915 93,435 0 0 Land for Settlements Aot, 1908, due 1st January, 1916 Land for Settlements Aot, 1908, due 1st May. 1916 Land for Settlements Aot, 1908, due 30th September, 1916 Land for Settlements Act, 1908, due 1st January, 1917 Land for Settlements Aot, 1908, due 1st February, 1917 .. Aid to Publio Works and Land Settlement Aot, 1900, due Ist May, 1910 Aid to Public Works and Land Settlement Aot, 1901, due 1st December, 1916 71,625 0 0 Aid to Public Works and Land Settlement Act. 1903, due 1st January, 1916 .. Aid to Publio Works and Land Settlement Act, 1900, due 1st January, 1917.. Government Railways Act, 1908, and Finance Act, 1909, due 1st February, 1917 New Zealand State-guaranteed Advanoes Aots, 1909-10 — Advances to Settlers Branch, due 1st December, 1916 Land Laws Amendment Act, 1913. duo 31st March, 1916 .. • .. Land Laws Amendment Act. 1913, due 22nd July, 1916 Canterbury Loan Ordinance, 1862, due 2nd July, 1916 500 0 0 Land for Settlements Act, 1908, duo 1st February, 1915 5,500 0 0 Land for Settlements Act. 1908, due 15th October, 1915 8,270 0 0 Land for Settlements Act, 1908, due 1st February, 1916 Lands Improvement and Native Lands Acquisition Act, 1894, duo 30th Sop2,000 0 0 tember, 1915 Public Works Act. 1908 (Waikaka Branoh Railway Act, 1905), due 1st May, 53,476 0 0 1915 499,700 0 0 Welliugton-Manawatu Railway Purchase Act, 1908, due 1st March, .1.91.6 100,000 0 0 Government Advances to Settlers Act, 1908, due 1st March, 1916 20,000 0 0 Government Railways Act, 1908, due 30th June, 1915 2,000 0 0 Government Railways Aot, 1908, duo 15th October, 1915 .. 10,000 0 0; Land Laws Amondmont Act, 1913, due 31st March, 1915 .. 4.500 0 0 Land Laws Amondmont Act, 1913, duo 1st February, 1916 .. 25.000 0 0 Aid to Public Works and Land Sottlomont Act, 1903, due 1st February, 1916.. 59,900 0 0 Aid to Public Works and Land Settlement Act, 1914, due 31st December, 1915 237.400 0 0 Finance Act, 1909, due 1st April, 1915 .. 6,700 0 0 Canterbury Loan Ordinance, 1862, due 1st July, 1915 £ s. d. £ s. d. 1,100 0 0 3,800 0 0 2,500 0 0 400 0 0 395,400 0 0 135,000 0 0 33,600 0 0 10,000 0 0 9,850 0 0 5,000 0 0 5,400 0 0 205,000 0 0 10,000 0 0 8,000 0 0 5,500 0 0 830,550 0 0 1,263,556 0 0 830,550 0 0 1,263,556 0 0 Carried forward

8.—6

34

Table No. 1— continued.

1915-1916. RECEIPTS, 1916-1917. £ s. d. 1,256,724 13 6 Brought forward £ s. A. £ s. tl. 825,283 3 5 New Zealand Loans Act, 1908, — Sinking Funds set free to redeem Debentures— Canterbury Loan Ordinance, 1862 — Due 2nd July, 1916 Due 1st July, 1915 .. 5,500 0 0 6,700 0 0 6,700 0 0 5,500 0 0 165,000 0 0 398,000 0 0 127,000 0 0 Debentures issued in renewal, — New Zoaland Loans Act, 1908— Coal-mines Act, 1908, due 1st April, 1.916, renewed to 1st April, 1921 Land for Settlements Act, 1908, due 1st April. 1916, renewod to 1st April, 1921 Land for Settlements Aot, 1908, due 1st May, 1916, renewed to 1st May, 1.921 Land for Settlements Aot, 1908, due 80th Septomber, 1916, renewed to 30th September, 1921 Land for Settlements Aot, 1908, due 1st January, 1917, renewed to 1st January, 1924 .. .. .. Aid to Public Works and Land Settlement Act, 1900, due 1st May. 1916. renewed to 1st May, 1921 Aid to Public Works and Land Settlement Act, 1908, due 1st April, 1916, renowed to 1st April, 1921 Aid to Public Works and Land Settlement Act, 1914, due 1st February, 1910, renewod to 1st February, 1917 Scenery Preservation Act, 1908, due 1st November, 1916, renewed to 1st November, 1921 .. .. Hutt Railway and Road Improvement Acts, 1903, 1905, and 1907, duo 1st February, 1917, renewed to 1st February, 1922.. Hutt Railway and Road Improvement Act, 1910, due 1st February, 1917, renewed to 1st February, 1922 Government Railways Aot, 1908, due 1st February, 1917, renewed to 1st February, 1922 Government Railways Aot, 1908, and Finance Aot, 1909, due 1st February, 1917, renewed to 1st February, 1922 Government Railways Amendment Act, 1910. due 1st February, 1917, renewed to 1st February, 1922 . . .. . . Consolidated Stock Act, 1884, due 1st January, 1916, renewod to 1 st January, 1921 Lands Improvement and Native Land Acquisition Act, 1894, due 30th September, 1915, renewed to 30th September, 1920.. Hutt Railway and Road Improvements Acts, 1903. 1905. and 1907, due 1st May, 1915, renewed to 1st May, 1920 .. Aid to Public Works and Land Settlement Act, 1901. due 1st January, 1916, renewed to 1st January, 1921 Aid to Public Works and Land Settlement Act, 1903. due 1st January, 1916. renewed to 1st January, 1921 Aid to Public Works and Land Settlement Act, 1903, due 1st January, 1916, renewod to 1st January, 1926 Government Railways Act, 1908, due 30th June, 1915, renewed to 30th June, 1920 Government Railways Act. 1.908, due 1st August. 1915, renewed to I5th October. 1915 Finance Act, 1909, and Government Railways Act, 1908, due 30th June, 19.15, renewed to 30th June, 1920 Government Advances to Settlers Act, 1908, due 1st June, 19.15, renewed to 1st June, 1920 Govomment Advances to Settlers Act. 1908. due 5th June, 1915, renewed to 5th June, 1920 Government Advances to Settlors Act. 1908 (Part III, Workers), due 1st June, 1915, renewed to 1st June, 1920 Land for Settlements Act, 1908, due 1st August, 1915, renowod to 1st August, 1920 Land for Settlements Act, .1908, due 1st August, 1915. renewod to 15th October. 1915 Land for Settlements Act. 1908, due 1st January, 1.916, renewed to 1st January, 1921 .. .. .. .. .. .. .. Land for Settlements Act, 1908. due lat February, 1916, renewed to 1st February, 1921 Land for Settlements Aot, .1908, duo 1st February, 1916, renewed to 1st February, 1926 .. .. .. Land Laws Amendment Act. 1913, due 22nd July. 1915, renowed to 22nd July, 1916 Looal Bodies' Loans Act. 1908, due 1st January, 1916, renewed to 1st January, i92i :. Local Bodies' Loans Act, 1908. due 1st March, 1910, renewed to 1st March, 1921 Post and Telegraph Act, 1.908, due 1st July, 1915, renewed to 1st July, 1920 30,000 0 0 02,000 0 0 40,600 0 0 400 0 0 1,500 0 0 i 59,600 0 0 50,000 0 0 100,000 0 0 10,000 0 0 30,700 0 0 24,490 0 0 3.300 0 0 100 0 0 53,350 0 0 32,900 0 0 106,840 0 0 25,000 0 0 120,000 0 0 2,000 0 0 50,000 0 0 105,000 0 0 80,000 0 0 25,000 0 0 22,050 0 0 5,500 0 0 115,475 0 0 32,950 0 0 300 0 0 8,000 0 0 790,000 0 0 395,000 0 0 200,000 0 0 2,806,015 0 0 Dobentures issued in conversion of Debentures, — New Zealand Loans Acts, 1908 and 1915 — Finance Act, 1915 (Section 106). as per contra 466,040 0 0 500,400 0 0 1,632,600 0 0 New Zealand Loans Act, 1908, — Public Revenues Amendment Aot, 1915 (Section 5: War Expenses) and Public Revenues Amendment Act, 1915 (No. 2), (Section 2) — Memorandum of Security issued in place of Treasury Bills 1,500,000 0 0 4,569,839 13 6 Carried forward 4,429,423 3 5

8.--0

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

35

1915-1916. 1915-1916. EXPENDITURE, 1916•1917. £ s. d. 1,263,556 0 0 £ s. d. 1,263,556 0 0 165,000 0 0 398,000 0 0 77,000 0 0 50,000 0 0 32,900 0 0 131,840 0 0 120,000 0 0 2,000 0 0 50,000 0 0 105,000 0 0 80,000 0 0 25,000 0 0 27,550 0 0 115,475 0 0 33,250 0 0 8,000 0 0 790', 000 0 0 395,000 0 0 200,000 0 0 Brought forward Dobentures redeemed by renewal— New Zealand Loans Act, 1908 — Coal-mines Aot, 1908, due 1st April, 1916 Land for Settlements Act, 1908, due 1st April, 1916 Land for Settlements Act, 1908, duo 1st May, 1916 Land for Settlements Aot, 1908, due 30th September, 1916.. .. Land for Settlements Act, 1908, due 1st January, 1917 Aid to Public Works and Land Settlement Aot,' 1900, due 1st May, 1916 Aid to Public Works and Land Settlement Aot, 1908, due 1st April, 1916 Aid to Public Works and Land Settlement Aot, 191.4, due 1st February, 1916 Scenery Preservation Aot, 1908, due 1st November, 1916 .. Hutt Railway and Road Improvement Acts, 1.903, 1905, and 1907, due 1st February, 19.17 Hutt Railway and Road Improvement Act, 1910, due 1st February, 1917 Government Railways Act, 1908, due 1st February, 1917 Government Railways Act, 1908, and Finance Act, 1909, due 1st February, 1917 .. .. .. .. .. .. .. ". Government Railways Amendment Act, 1910, duo 1st February, 1917 Consolidated Stock Act, 1884, due 1st January, 1916 Lands Improvement and Native Land Acquisition Act, 1894, due 30th September, 1915 Hutt Railway and Road Improvement Acts, 1.903, 1905, and .1907, duo 1st May, 1915 Hutt Railway and Road Improvement Acts, 1903 and 1905, due 1st May, 1915 Aid to Public Works and Land Sottloment Act, 1901, due 1st January, 1916 .. Aid to Public Works and Land Settlement Act, 1.903, duo 1st January, 1910 .. Government Railways Aot, 1908, due 30th June, 1915 Govornmont Railways Act, 1908, due Ist August, 1915 Finance Act, 1909, and Government Railways Act, 1908, due 30th June, 1915 Government Advances to Sottlers Act, 1908, duo 1st June, 1915 Government Advances to Sottlers Act, 1908, duo 5th June, 1915 Government Advances to Settlers Act, 1908 (Part III, Workers), duo Ist June, 1915 .. .. .. .. .. Land for Settlements Aot, 1908, due 1st August, 1915 Land for Settlements Act, 1908, due 1st January, 1916 Land for Settlements Act, 1908, due 1st February, 1910 Land Laws Amendment Act, 1913, due 22nd July, 1915 Local Bodies' Loans Act, 1908, duo 1st January, 1916 Local Bodies' Loans Aot, 1908, due 1st March, 1916 Post and Telegraph Act, 1908, duo 1st July, 1915 £ s. d. 30,000 o 0 62,000 0 0 40,600 0 0 400 0 0 i,.roo o o 59,600 0 0 50,000 0 0 100,000 0 0 10,000 o 0 £ s. d. 830,550 0 0 30,700 0 0 24,490 0 0 3,300 0 0 100 0 0 53,350 0 0 * 166,040 0 0 2,806,015 0 0 Debentures converted under Section 106 of the Finance Act, 1915, — New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Aot, 1900, due 1st May, 1916 Aid to Publio Works and Land Settlement Act, 1900, due 1st May, 1919 Aid to Publio Works and Land Settlement Act, 1900, due 1st May, 1923 Aitl to Public Works and Land Settlement Act, 1901, due 1st December, 1918 Aid to Public Works and Land Settlement Act, 1902, due 1st December, 1919 Aid to Public Works and Land Settlement Act, 1902, duo 1st January, 1922 .. Aid to Public Works and Land Settlement Act, 1902, duo 1st December, 1922 Aid to Public Works and Land Settlement Act, 1903, due 1st January, 1923 . . Aid to Public Works and Land Settlement Act, 1903, due 1st February, 1924 Aid to Public Works and Land Sottlement Act, 1.905, due 1st July, 1916 Aid to Public Works and Land Settlement Aot, 1905, due ist January, 1921 . . Aid to Public Works and Land Settlement Act, 1.906, due 1st January, 1919 . . Aid to Public Works and Land. Settlement Act, 1906, due 1st January, 1922 .. Aid to Publio Works and Land Settlement Act, 1907, due 1st January, 1920 . . Aid to Public Works and Land Settlement Aot, 1907, duo 1st January, 1922 . . Aid to Public Works and Land Settlement Act, 1907, due 1st January, 1923 . . Aid to Public Works and Land .Settlement Act, 1911, due 1st December, 1919 Aid to Public Works and Land Settlement Act, 1912, due 15th April, 1920 .. Aid to Public Works and Land Settlement Act, 1912, due 15th April, 1922 .. Maori Land Settlement Act, 1905. due Ist January, 1918 .. Maori Land Settlement Act, 1905, due 1st January, 1921 Government Advances to Settlers Act, 1908 (Part III, Workers), due 1st July, 1922 Government Railways Act, 1908, due 30th June, 1917 Government Railways Act, 1908, duo 1st March, 1920 Government Railways Act, 1908, due 1st January, 1922 Government Railways Act, 1908, and Finance Act, 1909, due 1st February, 1917 Government Railways Act, 1908, and Finance Act, 1909. duo 1st March," 1920 Government Railways Act, 1.908, and Finance Aot, 1909, duo 1st February, 1923 Government Railways Amendment Act, 1910, due 1st January, 1918 Land for Settlements Act, 1908, due 1st April, 1916 Land for Settlements Act, 1908, due 1st May, 1916 Land for Settlements Act, 1908, due 1st January, 1917 Land for Settlements Act, 1908, due 1st January, 1918 Land for Settlements Act, 1908, due 1st August, 1920 Land for Settlements Act, 1908, due 1st January, 1921 Land for Settlements Act, 1908, due 1st January, 1922 Land for Settlements Act, 1908, duo 1st April, 1922 Land for Settlements Act, 1908, due 1st August, 1922 Land for Settlements Act, 1908, duo 1st January, 1923 Land for Settlements Act, 1908, due 1st May, 1923 4,900 0 0 1,000 0 0 ■ 61,500 0 0 1,800 0 0 40,100 0 0 3,000 0 0 206,700 0 0 10,000 0 0 16,200 0 0 500,000 0 0 500 0 0 20,700 0 0 8,400 0 0 5,600 0 0 11,900 0 0 105,000 0 0 25,000 0 0 14,500 0 0 5,000 0 0 .10,375 0 0 5,000 0 0 10,000 0 0 500 0 0 1,600 0 0 600 0 0 15,100 0 0 .1,200 0 0 300 0 0 2,000 0 0 38,500 0 0 12,600 0 0 16,100 0 0 30,325 0 0 6,700 0 0 600 0 0 100,850 0 0 33,200 0 0 100,000 0 0 5,000 0 0 100,000 0 0 4,069,571 1,069,571 0 0 0 0 Carried forward 1,522,250 0 0 1,296,590 0 0

8.—6

36

Table No. 1—continued.

1915-1916. RECEIPTS. 1916 1917. £ s. A. t.509,839 13 6 Brought forward £ s. d. £ 4,429,423 s. d. 3 5 New Zealand Loans Act, 1908,— Memorandum of Security issued at 4o_ per cent, in respect of £3,250,000 Redemption Loan, in replacement of 3| per cent, security cancelled owing to conversion as per contra — New Zealand State-guaranteed Advances Aots, 1909-1910 — Advances to Settlers Branch Advances to Workers Branoh Aid to Public Works and Land Settlement Act, 1910 Naval Defence Act, 1909 Land for Settlements Act, 1908 1,762,626 5 3 328,282 16 6 191,010 2 0 963,131 6 3 37,777 15 6 • Expenses Account, —■ Amount representing discount on £3,250,000 Redemption Loan now reduced owing to conversion by Imperial Government of 80 per cent, of loan repayabio at the rate of £100 for every £95 advanced, into Loan repayable at rate of £100 for every £99 advanced— New Zealand Loans Act, 1908— Now Zealand State-guaranteed Advances Acts, .1.909-1910 — Advances to Settlers Branch Advances to Workers Branch Aid to Public Works and Land Sottlement Act, 1910 Naval Defenco Act, 1909 Land for Settlements Act, 1908 3,282,828 5 6 74,215 16 10 13,822 8 9 8,042 10 7 40,552 18 0 1,590 12 11 138,224 7 I New Zealand Loans Act, 1908, — Debontures issued in replacement of Memorandum of Security and Treasury Bills— Now Zealand Slate-guaranteed Advances Act, 1909-1910— Advances to Settlers Branoh Advances to Workers Branch Aid to Public Works and Land Settlement Aot, 1910 Naval Defence Act, 1 909 Land for Settlements Act, 1908 Public Revenues Amendment Act, 1914 (Section 8: War Expenses). . Public Revenues, Amondmont Ac I, 1915 (Section 5: War Expenses).. 1,762,626 5 3 328,282 1.6 6 191,010 2 0 963,131 6 3 37,777 15 6 898,989 18 0 3,232,323 4 7 7,414,141 8 1 New Zealand Loans Act, 1.908, — Debentures issuod to provide for charges and expenses on issue of Debentures in lieu of Memorandum of Security— Now Zealand State-guaranteed Advanoos Acts, 1909 and .1.910 — Advancos to Settlers Branch Advances to Workers Branch .. .. .. Public Revenues Amendment Act, 1915 (Section 5: War Expenses). . 2,093 15 0 406 5 0 3,750 0 0 6,250 0 0 700,000 0 0 300,000 0 0 400,000 0 0 300,000 0 0 300,000 0 0 700,000 0 0 Treasury Bills issued in renewal, — Public Revenues Amendment Act. 1914 (Section 8 : War Expenses)— Finanoe Aot, 1916 (Section 38)— Treasury Bill, due 18th December, 1916, renewod to 16th December, 1917 .. Treasury Bill, due 28th December, 1916, renewed to 28th December, 1917 .. Treasury Bill, due Kith January, 1917, renewed io Kith January, 1918 Treasury Bills, due 31st March, 1917, renewod to 31st, March, 1918 Treasury Bills, due 31st March, 1915, renewed to 31st March, 1916 Treasury Bill, duo Kith December, 1915, renewed to 16th December, 1916 .. Treasury Bill, due 28th December, 1915, renewed to 28th Docember, 1.916 .. 'Treasury Bill, due 16th January, 1916, renewod to 16th January, 1917 Treasury Bill, due 16th February, 1916, renewed to 16th February, 1917 Treasury Bills, due 31st March, 1916, renewed to 31st March, 1917 300,000 0 0 400,000 0 0 300,000 0 0 700,000 0 0 2,700,000 0 0 1,700,000 (I 0 46,901 0 0 New Zealand Loans Act, 1908, — Finance Act, 1909— Debenture issued to repay balance of temporary advanco obtained for Redemption of Debentures, due 1st April, 1915 500 0 0 Amount transferred from Land for Settlements Account to meet payment of Debenture under tho Land for Settlements Aot, 1908, due 1st February, 1915 Carried forward 16,970,867 4 1 7,317,, 240 13 6

37

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

1915-1916. EXPENDITURE. 1916-1917. £ s. d. 4,069,571 0 0 £ s. d. £ s. d. .Brought forward .. .. .. .. .. .. 1,522,260 0 0 1,296,590 0 0 Debontures oimvortoi.1 under Section 106 of the Finanoe Act, 1915 — continuedNew Zealand Loans Act, 1908- — -continued. New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), due 1st January, 1.919 .. .. .. .. 73,550 0 0 Now Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), due Jst February, 1919 .. .. .. .. 10,000 0 0 New Zealand State-guaranteed Advances Acts, 1.909 and 1910 (Land for Settlements Branch), due 1st March, 1920 .. .. .. .. 4,000 0 0 New Zealand State-guaranteed Advances Acts, .1.909 and 191.0 (Guaranteed Mining Advances Branch), due 1st July. 1922 .. .. .. 10,000 0 0 Land Laws Amendment Act, 1913 due 1st January, 1.920 .. .. .. 1,100 0 0 Land Laws Amendment Act, 1913, due 1st February, 1920 .. .. .. 11,700 0 0 Aid to Public Works and Land Settlement Act. 1903, due Ist January, 1916 Aid to Public Works and Land Settlement Act, 1903, due 1st February, 1916 Aid to Public Works and Land Sottlement Act, 1914, due 31st December, 1915 Land for Settlements Act. 1908, due 1st January, 1916 Land for Settlements Act, 1908, due 1st, February, 1916 Land for Settlements Aot, 1908, due 30th September, 19.16.. Wollington-Maiiawatu Railway Purchase Aot, 1908, duo 1st March, 1916 2,200 0 0 46,675 0 0 175,000 0 0 100,000 0 0 30,125 0 0 18,600 0 0 127,500 0 0 300 0 0 — 1,632,600 0 0 500,400 0 0 Now Zealand Loans Act, 1908 — Memorandum of Security at 3£ por cent, in respect of £3,250,000 Redemption Loan, now cancelled owing to conversion by Imperial Government of 80 per cent, of I6an repayable at £100 for each £95 advanced, into loan repayable £100 for each £99 advanced— New Zealand State-guaranteed Advances Acts, 1909-10— Advances to Settlers Branch .. .. .. .. .. 1,836,842 2 1 Advances to Workers Branoh .. .. .. .. .. 342,105 5 3 Aid to Public Works and Land Settlement Act, 1910 .. .. .. 199,052 12 7 Naval Defence Act, 1909 .. .. .. .. .. .. 1,003,684 4 3 Land for Settlements Aot, 1908 .. .. .. .. .. 39,368 8 5 3,421,052 12 7 New Zealand Loans Act, 1908 — Memorandum of Security cancelled and replaced by debentures, as per contra— Now Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers Branch . . .. .. .. .. .. 1,762,626 5 3 Advances to Workers Branch .. .. .. .. .. 328,282 16 6 Aid to Public Works and Land Settlement Act, 1910 .. .. . . 191 ,010 2 0 Naval Defence Act, 1909 .. .. .. .. .. .. 963,131 0 3 Land for Settlements Act, 1908.. .. .. .. .. .. 37,777 15 6 3,282,828 5 6 Public Revenuos Amendment Act, 1915 (Seotion 5) —■ Public Revenues Amendment Act, 1915 (No. 2), (Section 2) .. .. ... 3,232,323 4 7 Treasury Bills cancelled and replaced by debentures, as per contra-— Public Revenues Amendment Act, 1914 (Section 8: War Expenses) .. .. 898,989 18 0 Treasury Bills cancelled and replaced by Memorandum of Security, as per contra — Publio Revenues Amendment Aot, 1915 (Seotion 5 s War Expenses) .. .. .. 1,500,000 0 0 Treasury Bills renewed, — Public Revenuos Amendment Act, 1914 (Section 8: Wat Expenses)— Finance Aot, 1916 (Section 38) — Treasury Bill, duo 16th December, 1916 .. .. .. .. 300,000 0 o Treasury Bill, duo 28th December, 1916 .. .. .. .. 400,000 0 0 Treasury Bill, due 16th January, 1917 .. .. .. 300,000 0 0 Treasury Bills, duo 31st March, 1917 .. .. .. .. 700,000 0 0 Treasury Bills, due 31st March, 1915 Treasury Bill, duo 16th December, 1915 Treasury Bill, due 28th December, 1915 Treasury Bill, due 16th January, 1916 Treasury Bill, due 16th February, 1916 Treasury Bills, due 31st March, 1916 .. 1,700,000 0 0 700,000 0 0 300,000 0 0 400,000 0 0 300,000 0 0 300,000 0 0 700,000 0 0 2,700,000 0 0 Expenses Account, — New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1900 .. .. .. 18 0 Aid to Public Works and Land Settlement Act, 1901 .. .. .. 0 3 6 Aid to Public Works and Land Settlement Act, 1903 .. .. .. 10 15 0 Aid to Public Works and Land Settlement Act, 1906 .. .. .. 0 3 6 Aid to Public Works and Land Settlement Act, 1908 .'. .. .. 0 3 6 Aid to Public Works and Land Sottlement Act, 1914 .. .. .. o 3 6 Hutt Railway and Road Improvement Acts, 1903, 1.905, and 1907 .. .. 0 7 0 Hutt Railway and Road Improvement Act, 19.10 .. .. .. .. 0 10 6 Land for Settlements Act. 1908 .. .. .. .. .. .. 23 10 0 Local Bodies' Loans Act, 1908 .. .. .. .. .. .. 0 7 0 Government Railways Act, 1908 .. .. .. .. • • 0 10 6 Government Railways Act, 1908, and Finanoe Act, 1909 .. .. .. 0 10 6 Government Railways Amendment Act, 1910 .. .. .. .. 0 7 0 Government Advances to Settlers Act, 1908 . . .. .. .. 0 10 6 Government Advances to Settlers Act, 1908 (Part 111: Workers) .. .. 0 3 6 Post and Telegraph Act. 1908 .. .. .. .. .. .. 0 3 6 0 3 6 0 17 6 1 8 0 0 3 6 10 15 0 0 3 6 0 3 0 0 3 6 o 7 0 0 10 6 :J3 10 0 0 7 0 0 10 6 0 10 6 0 7 0 0 10 6 0 3 6 0 3 6 0 3 6 0 3 6 1,979 13 6 0 10 6 1 I 0 1,982 13 0 39 17 0 Carried forward 39 17 0 16,964,384 0 8 16,964,384 0 8 7,269,971 0 0

B.— 6.

38

Table No. 1—continued.

1915-1916. RECEIPTS. 1916-1917. 1915-1916. £ s. d. £ s. d. £ s. d, 7,317,240 13 6 Brought forward .. .. .. .. .. .. .. 16,970,867 4 1 New Zealand Loans Act, 1908, — 4-per-cent, Inscribed Stock, 1929 issue— Created to repay part of temporary advance obtained for redemption of 190,499 0 0 Debentures due 1st April, 1916, under the Finance Act, 1909 9,501 0 0 Created for expenses of raising £190,499 Inscribed Stock for redemptions £ s. d. 7,317,240 13 6 200,000 0 0 Now Zealand Loans Act, 1908, — Memorandum of Security issued in renewal (by endorsement), due 31st March, 1916, renewed to 31st March, 1917— New Zealand State-guaranteed Advances Acts, .1.909 ami 1910, Advances to 1,836,842 2 I Settlers Branch .. .. .. .. .. .. .. [ New Zealand State-guaranteed Advances Acts, 1909 and 1910, Advances to I 342,105 5 3 Workers Branch 199,052 12 7 Aid to Public Works and Land Settlement Act, 1910 1,003,684 4 3 Naval Defence Act, 1909 39,368 8 5 Land for Settlements Act, 1908 .. 3,421,052 12 7 New Zealand Loans Act, 1908,--Memorandum of Security created to cover Expenses of raising £3.250,000 Loan — New Zealand State-guaranteed Advances Acts, 1909 ami 1910, Advances to 91,842 2 1 Settlers Branch New Zealand State-guaranteed Advances Acts, 1909 and 1910, Advances to 17,105 5 3 Workers Branch .. .. .. .. .. .. .. • 9,952 12 7 Aid to Public Works and Land Settlement Act, 1910 50,184 4 3 Naval Defence Act. 1909 1,968 8 5 Land for Settlements Act, 1908 .. 171,052 12 7 £11,109,345 18 8 Totals .. .. .. .. .. .. .. £16,970,867 4 1 £11,109,345 18 8 STATEMENT of the RECEIPTS and EXPENDITURE of the FRUIT-PRESERVING INDUSTRY £ a. d. £ S. d. £ s. d. Balanoe at beginning of Year, — 1,499 16 6 Cash in the Public Acoount .. .. .. .. .. .. .. 7,026 10 4 ; New Zealand Loans Act, 1908, — Fruit-preserving Industry Act, 1913 — 0,900 0 0 : Debentures issued .. ... ... .. .. .. ., .. 0,500 0 0 Fruit-preserving industry Act, 1.913 (Section 4), — Repayment of Advances — 300 0 0 Principal .. .. .. .. .. .'. .. .. 540 0 0 426 17 4 Interest .. .. .. .. .. .. .. .. 716 5 0 ,_ . — 1,256 5 0 726 17 4 £9,126 13 10 I Totals .. .. .. .. .. .. .. ; £15,382 15 4 i mn ' ~ liiTi inn ... ——i—— •! . ! ., , — STATEMENT of the RECEIPTS and EXPENDITURE of the DISCHARGED SOLDIERS SETTLEMENT £ s. d. Balance at the beginning of Year, — £ s. d. £ s. d. Cash in the Public Account . . . . .. .. .. .. .. 1,000 0 0 New Zealand Loans Act, 1908, — Discharged Soldiers Settlement Act, 191.5, and Amendment Act, 1916 (Section 7) — 1,000 0 0 Debentures Issued .. .. .. .. .. .. .. .. 35,000 0 0 Discharged Soldiers Settlement Act, 1915 (Seotion 9),— Repayment of Advances . . .. . . .. .'. .. . . 1,199 4 9 Interest on Advances . . .. . . .. •. .. .. 213 17 7 ■ 1,4.13 2 4 £1,000 0 0 Totals .. .. .. .. .. .. .. £37,413 2 4 £1,000 0 0 £37,413 2 4 Tho Treasury, Wellington, 28th April, 1917. Tho Treasui

B,—fi

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916—continued.

39

l 1915-1916. EXPENDITURE. 1916-1917. 1915-1916. ■ £ s. d. £ s. d. £ s. d. 7,269,971 0 0 Brought forward .. .. .. .. .. .. 39 17 0 16,964,384 0 8 £ s. d. 7,209,971 0 0 1,982 13 0 9 6 0 9 13 6 91,842 2 1 17,105 5 3 1,982 13 0 Expenses Account— -continued. New Zealand Loans Act, 1908— continued. 9 6 0 Finance Act. 1915 .. .. .. .. .. .. .. 76 16 0 9 13 6 Land Laws Amendment Aot, 1913 .. .. .. .. .. I 15 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910— 91,842 2 1 Advances to Settlers Branch .. .. .. .. .. .. 2,093 18 6 17,105 5 3 Advanoes to Workers Branoh .. .. .. .. .. .. 406 5 0 Public Revenues Amendment Act, 1915 (Section 5 : War Expenses) .. .. 3,750 0 0 Wellington-Manawatu Railway Purchase Act, 1908 .. .. .. 0 7 0 0 3 6 Consolidated Stock Act, 1884 0 7 0 Lands Improvement and Nativo Lands Acquisition Act. 1894 0 3 6 Public Works Act, 1908 (Waikaka Branch Railway Act, 1905) 50,184 4 3 Naval Defence Act, 1909 9,502 12 0 Finance Aot, 1909 9.952 12 7 Aitl to Public Works and Land Settlement Act, 1910 0 3 (i 0 7 0 0 3 0 50,184 4 3 9,502 12 0 9.952 12 7 _ 1 0,368 18 6 i so nsu o a 180,589 2 8 Now Zealand Loans Act, 1908. — Finance Act, 1.909-r-Repayment of temporary Advance obtained for redemption of Debentures 237,400 0 0 due 1st April, 1915 .. .. .. .. .. .. 180,589 2 8 ■ N 237,400 0 0 New Zealand Loans Act, 1908, — Memorandum of Socurity, due 31st March, 1916, renewed (by endorsement) — New Zealand State-guaranteed Advances Acts, 1909 and 1910, Advances to 1,836,842 2 1 Settlers Branch .. .. .. .. .. .. .. .. Now Zealand State-guaranteed Advances Acts. 1909 and 1910, Advanoes to 342,105 5 3 Workers Branch 199,052 12 7 Aid to Public Works anti Land Settlement Act. 1910 1,003,684 4 3 Naval Defence Act, .1909 39,368 8 5 Land for Settlements Act, 1908 .. N 1,836,842 2 1 342,105 5 3 199,052 12 7 1,003,684 4 3 39,368 8 5 3,421,052 12 7 3,421,052 12 7 333 3 5 Balance at end of Year, — 333 3 5 Cash in the Public Account .. .. .. .. .. .. .. 114 4 11 £11,109,345 1.8 8 i £11,109,345 18 8 Totals .. .. .. ... .. .. .. £16,970,867 4 1 i I | _____________ ADVANCES ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916. £ s. d. £ a. d. £ s. d. 1,500 0 0 Advances under the Fruit-preserving Industry Acts, 1913 and 1914 .. .. .. 14,500 0 0 New Zealand Loans Act, 1908, — Fruit-preserving Industry Act, 1913 — 0 3 6 Charges and Expenses .. .. '... .. .. .. .. .. 0 7 0 Balance at end of Year— 7,026 10 4 Cash in the Public Account .. .. .. .. .. .. .. 882 8 4 £9,126 13 10 Totals .. .. .. .. .. .. .. £15,382 15 4 £15,382 15 4 ACCOUNT for the Year ended 31st March, 1917, compared with the Financial Year ended 31st March, 1916. £ s. d. £ s. d. £ s. d. Advances made under Sections 6 and 9 of the Discharged Soldiers Settlement, Act. 1915 .. 30,168 5 2 Expenditure under Section 9 of the Discharged Soldiers Sottlement, Act, 1915 .. .. 398 6 9 Now Zealand Loans Act, 1908, — Discharged Soldiers Settlement Act, 1915, and Amendment Act, 1916 — Charges and Expenses .. .. .. .. .. .. •• •• 0 17 0 Balance at end of Year, — 1,000 0 0 Cash in the Public Account, .. .. .. .. .. .. 6,824 2 11 Imprests Outstanding - In the Dominion .. .. .. .. .. .. .. 21 10 0 1 0,845 12 11 £1,000 0 0 Total .. .. .. .. .. .. .. £37,413 2 4 G. P. C. Campbell, Examined and found correct. Secretary to the Treasury Eobbkt J. Collins, J. J. Esson, Controller and Auditor-General. Accountant to the Treasury.

8.—6.

Table No. 1—continued. SUMMARY of BALANCES on 31st MARCH, 1917.

40

Balances. Cash. Imprests. Investments. Total. 1 - Balances. Cash. Consolidated Fund :— Ordinary Revenue Aocount State Forests Account State Coal-mines Account Scenery Preservation Account .. Naval Defence Act Account Accounts of Local Bodies Deposit Accounts „ £ s. d. . 6,474,854 0 2 2,530 9 0 68,124 19 6 4,347 2 3 117 11 9 9,969 17 6 3,350,815 4 10 £ s. d. £ s. d. | £ s. d. £ s. d. £ s. d. Consolidated Fund: — Ordinary Revenue Account .. 2,298,042 18 6 259,079 16 6 3,917,731 5 2 6,474,854 0 2 State Forests Account.. .. 2,530 9 0 .. .. 2,530 9 0 State Coal-mines Aocount .. . 67,980 2 5 144 17 1 .. 68,124 19 6 Scenery Preservation Account .. 4,347 2 3; .. .. 4,347 2 3 Naval Defence Act Account .. 117 11 9 .. .. 117 11 9 Accounts of Local Bodies .. 9,969 17 6 .. .. 9,969 17 6 Deposit Accounts .. .. 1,894,430 9 1 139,869 17 10 1,316,514 17 11 3,350,815 4 10 9,910,759 5 Oj i 4,277,418 10 6 399,094 11 5 5,234,246 3 1 9,910,759 5 0 4,277,418 10 6 399,094 11 5 '5,234,246 3 1 9,910,759 5 0 _ Public Works Fund ■ 521,524 16 2 Public Works Fund .. .. 315,912 12 7 5,612 3 7 200,000 0 0 521,524 10 2 The Railways Improvement Authorization Act 1914 Account The Waihou and Ohinemuri Rivers Improvement Account .. Aid to Water-power Works Account Telegraph Extension Account .. Cheviot Estate Account Land for Settlements Account.. Native Land Settlement Account Land for Settlements Account (Opening up Crown Lands for Settlement Account) National Endowment Account .. Hauraki Plains Settlement Account Rangitaiki Land Drainage Account Workers' Dwellings Account .. Mining Advances Account Conversion Account Loans Redemption Account New Zealand Consols Account.. War Expenses Account Kauri-gum Industry Account .. Fruit - preserving Industry Advances Account Discharged Soldiers Settlement Account Swamp Land Drainage Account.. Reserve Fund Account.. Bank of New Zealand Acts 1903 and 1913 Account Silver and Bronze Coin Account Totals .. . 29,883 12 2 The Railways Improvement Autho- 29,883 12 2 .. .. 29,883 12 2 rization Act 1914 Account 62,696 18 7 The Waihou and Ohinemuri 2,696 18 7 .. 60,000 0 0 62,696 18 7 Rivers Improvement Account .. 7,430 5 2 Aid to Water-power Works Ac- 7,283 5 1 147 0 1 .. 7,430 5 2 count 96,689 8 7 Telegraph Extension Account .. 28,827 11 5 67,86117 2 .. 96,689 8 7 108,521 6 7 Cheviot Estate Account .. 48,521 6 7 .. 60,000 0 0 108,521 6 7 256,568 6 3 Land for Settlements Account.. 111,568 6 3 .. 145,000 0 0 256,568 6 3 32,462 9 7 Native Land Settlement Account 32,459 2 7 3 7 0 .. 32,462 9 7 638 18 9 Land for Settlements Account 638 18 9 .. .. 638 18 9 (Opening up Crown Lands for Settlement Account) 100,492 13 10 National EndowmentAccount .. 100,492 13 10 .. .. 100,492 13 10 9,699 9 7 Hauraki Plains Settlement Ac- 9,699 9 7 .. .. 9,699 9 7 count 1,175 17 9 Rangitaiki Land Drainage Ac- 1,175 17 9 .. .. 1,175 17 9 count 46,477 1 1 Workers' Dwellings Account .. 46,477 11 .. .. 46,477 1 1 7,080 5 5 Mining Advances Account .. 7,080 5 5 .. .. 7,080 5 5 8,103 0 9 Conversion Account .. .. 6,083 6 5 2,019 14 4 .. 8,103 0 9 114 4 11 Loans Redemption Account .. 114 4 11 .. .. - 114 _ n 475,991 14 0 New Zealand Consols Account.. 106 14 0 .. 475,885 0 0 475,991 14 0 4,562,762 2 9 War Expenses Account .. 1,327,473 12 9 956,829 7 10 2,278,459 2 2 4,562,762 2 9 11,178 2 2 Kauri-gum Industry Account .. 11,178 2 2 .. .. 11,178 2 2 882 8 4 Fruit - preserving Industry Ad- 882 8 4 .. .. 882 8 4 vances Account 6,845 12 11 Discharged Soldiers Settlement 6,824 2 11 21 10 0 ... 6,845 12 11 Account 4,435 6 8 Swamp Land Drainage Account.. 4,435 6 8.. .. 4,435 6 8 800,000 0 0 Reserve Fund Account .. .. .. 800,000 0 0 800 ', 000 0 0 875,000 0 0 Bank of New Zealand Acts 1903 and 1913 Account .. .. .. .. 875,000 0 0 875,000 0 0 6,098 5 9 Silver and Bronze Coin Account Cr. 651 14 3 6,750 0 0 .. 6,098 5 9 . _ . ' 1 £17,943,51112 9 Totals.. .. .. £6,376,58116 1 £1,438,339 11 5 £10,128,590 5 3 £17,943,51112 9

41

8,—6

6—B. 6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1917, compared with the Sums voted under the Appropriation Act, 1916.

' m j Issued. Issued in Excess. Voted . Amount Unissued. Expenditure. Credits. | Net Expenditure., Imprests. Total. Expenditure. -EjXCESS. _J t | j -___ i I 1 Class I.—Legislative Departments :— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1 i Legislative Council .. .. .. .. 1,236 15 7 97 10 0 1,139 5 7 .. 1,139 5 7 2,100 0 0 2 i House of Representatives .. .. .. 6,864 12 7 200 0 0 6,664 12 7 .. 6,664 12 7 7,905 0 0 3 General Expenses .. .. .. .. 27,223 11 2 88 4 0 27,135 7 2 .. 27,135 7 2 28,304 0 0 £ s. d. 960 14 5 1,240 7 5 1,168 12 10 £ s. d. . _ Total Class I .. .. .. 35,324 19 4 385 14 0 34,939 5 4 .. 34,939 5 4 38,309 0 0 385 14 0 34,939 5 4 34,939 5 4 38,309 0 0 | 3,369 14 8 3,369 14 8 Class II. —Department of Finance :— 4 Treasurv Department .. .. .. .. 11,149 12 10 911 17 6 10,237 15 4 .. 10,237 15 4 11,023 0 0 5 National Provident and Friendly Societies Office .. 22,667 18 6 8,050 18 11 14,616 19 7 .. 14,616 19 7 22,148 0 0 6 : Rates on Crown Lands.. .. .. .. 53 14 9 .. 53 14 9 .. 53 14 9 75 0 0 7 ! Rates on Native Lands .. .. .. 0 16 3 .. 0 16 3 .. 0 16 3 10 0 0 8! Land and Income Tax Department .. .. 27,346 3 0 70 3 4 27,275 19 8 .. 27,275 19 8 29,580 0 0 9 ! Pensions Department .. .. .. .. 15,353 10 2 53 3 10 15,300 6 4 .. 15,300 6 4 11,560 0 0 10 I NavalDefence .. .. .. .. 35,925 3 2 4,150 10 5 31,774 12 9 238 18 9 32,013 11 6 100,350 0 0 11 Treasury: Miscellaneous Services .. .. 10,172 14 1 2,710 11 2 7,462 2 11 .. 7,462 2 11 9,254 0 0 911 17 6 8,050 18 11 70 3 4 53 3 10 4,150 10 5 2,710 11 2 10,237 15 4 14,616 19 7 53 14 9 0 16 3 27,275 19 8 15,300 6 4 31,774 12 9 7,462 2 11 238 18 9 10,237 15 4 14,616 19 7 53 14 9 0 16 3 27,275 19 8 15,300 6 4 32,013 11 6 7,462 2 11 11,023 0 0 22,148 0 0 75 0 0 10 0 0 29,580 0 0 11,560 0 0 100,350 0 0 9,254 0 0 I 785 4 8 7,531 0 5 21 5 3 9 3 9 2,304 0 4 68,336 8 6 1,791 17 1 785 4 8 7,531 0 5 21 5 3 9 3 9 2,304 0 4 68,336 8 6 1,791 17 1 3,740 6 4 3,740 6 4 Total Class II .. .. .. 122,669 12 9 15,947 5 2 106,722 7 7 238 18 9 106,961 6 4 184,000 0 0 15,947 5 2 106,722 7 7 238 18 9 106,961 6 4 184,000 0 0 80,779 0 0 80,779 0 0 3,740 3,740 6 4 6 4 > Class III. —Post and Telegraph Department :— 12 Postal and Telegraph Salaries .. .. .. 825,169 15 3 65,738 2 0 759,431 13 3 : 3,676 5 2 763,107 18 5 804,086 0 0 13 Conveyance of Mails bv Sea .. .. .. 91,614 14 3 22,828 6 2 68,786 8 1 .. 68,786 8 1 75,170 0 0 14 Conveyance of Inland Mails .. .. .. 109,046 10 8 5,218 18 0 103,827 12 8 1,260 1 7 105,087 14 3 107,800 0 0 15 Carriage of Mails bv Railway .. .. .. 72,101 0 6 .. 72,101 0 6 .. 72,101 0 6 71,930 0 0 16 Maintenance of Telegraph and Telephone Lines .. 120,174 10 7 12,001 0 2 108,173 10 5 .. 108,173 10 5 109,700 0 o! 17 Miscellaneous Services .. .. .. .. 281,867 9 0 25,697 4 11 256,170 4 1 1,356 6 6 257,526 10 7 198,550 0 0 40,978 1 7 6,383 11 11 2,712 5 9 1,526 9 7 171 0 6 58,976 10 7 Total Class III .. .. .. 1,499,974 0 3 131,483 11 3 1,368,490 9 0 6,292 13 3 1,374,783 2 3 1,367,236 0 0 51,600 8 10 I 59,147 11 51,600 8 10 59,147 11 1 1 I Class IV. —Working Railway's Department :— 18 Working Railways .. .. .. .. 3,266,920 4 11 394,943 4 9 2,871,977 0 2 670 5 3 2,872,647 5 5 3,209,556 17 3* 336,909 11 10 2,872,647 5 5 3,209,556 17 3* 336,909 11 10 , 1 1 TotalClassIV .. .. .. 3,266,920 4 11 394,943 4 9 2,871,977 0 2 ; 670 5 3 2,872,647 5 5 13,209,556 17 3 394,943 4 9 2,871,977 0 2 670 5 3 2,872,647 5 5 3,209,556 17 3 336,909 11|10 336,909 11:10 • ' : i -_j l_ Class V.—Public Buildings, Domains, and Main- ! TENMNCE OF ROADS : 19 Public Buildings .. .. .. .. 69,523 16 9 12.425 6 7 57,098 10 2 .. 57,098 10 2 64,000 0 0 20 Government Domains .. .. .. " .. 2,916 5 2 .. 2,916 5 2 .. 2,916 5 2 3,200 0 0 21 I Maintenance and Improvement of Roads.. .. 35,716 17 1 792 17 4 34,923 19 9 .. 34,923 19 9 50,000 0 0 TotalClassV .. .. .. 108,156 19 0 13,218 3 11 94,938 15 1 .. 94,938 15 1 117,200 0 0 6,901 9 10 283 14 10 15,076 0 3 22,261 4 11 94,938 1.5 1 117,200 0 0 22,261 4 11 * Includes £163,418 17s. 3d. additional amount appropriated in terms of section 45 of the Public Revenues Act, 1910.

8.—6

42

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.—continued.

EH O Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. I Credits. Net Expenditure. Imprests. Total. 22 23 Class VI. —Native Department :— Native Department Miscellaneous Services £ s. d. 23,270 3 2 958 12 8 £ s. d. 15 8 8 22 1 0 £ s. d. 23,254 14 6 936 11 8 £ s. tl. 5 o o £ s. d. 23,259 19 11 j 936 11 8 £ s. d. 23,818 0 0 1,357 0 0 £ s. d. 558 0 1 420 8 4 £ i.d. Total Class VI 24,228 15 10 37 9 8 37 9 8 24,191 6 2 24,191 6 2 5 5 5 5 5 5 24,196 11 7 24,196 11 / 25,175 0 0 | 25,175 0 0 j 978 8 5 978 8 5 ' i I ' I I ! I i 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Class VII. —Justice Department :— Department of Justice Crown Law Office Patent Office Supreme Court Bankruptcy Magistrates' and Wardens' Courts Criminal Prosecutions Coroners Justice : Miscellaneous Services.. Prisons Cook Islands Administration Police Department Police : Miscellaneous Services .. Stamp Department Lands and Deeds Registry 2,521 5 2 5,890 19 9 2,790 12 8 10,252 10 0 2,832 5 6 46,017 6 5 13,940 10 11 3.677 0 5 16,665 18 3 69.535 15 10 7,545 0 5 246,892 18 4 132 0 0 17.536 10 9 31,022 0 2 12 10 0 26 0 5 457 9 6 I 4 6 2,738 17 8 374 14 10 6 2 6 405 1 9 9,866 17 1 264 18 3 2,727 1 0 40 10 11 416 15 11 2,521 5 2 5,878 9 9 2,764 12 3 9.795 0 6 2,831 1 0 43,278 8 9 13.565 16 1 3.670 17 11 16,260 16 6 59,668 18 9 7,280 2 2 244,165 17 4 132 0 0 17,495 19 10 30,605 4 3 2,521 5 2 5,878 9 9 2,764 12 3 9.795 0 6 2,831 1 0 43,278 8 9 13,565 16 1 3,670 17 11 16,260 16 6 59,668 18 9 7,280 2 2 244,165 17 4 132 0 0 17,495 19 10 30,605 4 3 13 1 9 15 10 9 304 3 2 72 1 4 942 12 5 13 1 9 15 10 9 304 3 2 72 1 4 942 12 5 2,521 5 2 5,878 9 9 2,764 12 3 9,808 2 3 2,846 11 9 43,278 8 9 13.869 19 3 3,670 17 11 16,260 16 6 59,741 0 1 7,280 2 2 245,108 9 9 132 0 0 17,495 19 10 30,605 4 3 2,521 5 2 5,878 9 9 2,764 12 3 9,808 2 3 2,846 11 9 43,278 8 9 13,869 19 3 3,670 17 11 16,260 16 6 59,741 0 1 7,280 2 2 245.108 9 9 132 0 0 17,495 19 10 30,605 4 3 3,416 0 0 6,462 0 0 3,324 0 0 ! 11,291 0 0 3,818 0 0 49,708 0 0 11,250 0 0 4,200 0 0 15,820 0 0 63,148 0 0 14,646 0 0 262,079 0 0 142 0 0 17,026 0 0 33,690 0 0 3,416 0 0 6,462 0 0 3,324 0 0 11.291 0 0 3,818 0 0 49,708 0 0 11,250 0 0 4,200 0 0 15,820 0 0 63,148 0 0 14,646 0 0 262,079 0 0 142 0 0 17,026 0 0 33,690 0 0 894 14 10 583 10 3 559 7 9, 1.482 17 9 971 8 3 . 6,429 11 3 529 2 1 3,406 19 11 7.365 17 10 16,970 10 3 10 0 0 3,084 15 9 894 14 10 583 10 3 559 7 9, 1.482 17 9 971 8 3 . 6,429 11 3 529 2 1 3,406 19 11 7,365 17 10 16,970 10 3 10 0 0 3,084 15 9 2,619 19 3 440 16 6 469 19 10 2,619 1 440 1 469 1 19 3 16 6 19 10 Total Class VII 477,252 14 7 17,338 4 4 17,338 4 4 459,914 10 3 459,914 10 3 1 1,347 9 5 1,347 9 5 461,261 19 8 461,261 19 8 500,020 0 0 500,020 0 0 42,288 15 11 3,530 15 7 42,288 15 11 I 3,530 1 15 7 I I i . 39 40 41 Class VIII. —Mines Department :— Mines Department Geological Survey Branch Miscellaneous Services 9.631 0 7 2,898 2 11 16,359 5 1 403 19 2 1 13 4 205 0 5 9,227 1 5 2,896 9 7 16,154 4 8 9,227 1 5 2,896 9 7 16,154 4 8 10,140 0 0 4,445 0 0 17,158 0 0 10,140 0 0 4,445 0 0 17,158 0 0 912 18 7 ! 1,548 10 5 1,003 15 4 ! 912 18 7 1,548 10 5 1,003 15 4 Total Class VHI •• 28,888 8 7 610 12 11 610 12 11 28,277 15 8 28,277 15 8 28,277 15 8 28,277 15 8 31,743 0 0 31,743 0 0 3,465 4 4 3,465 4 4

43

8.—(5

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

TaQi-TH-n Issued. EH ISSUED. Voted. Amount Unissued. Issued inExcess. Expenditure. Credits. Net Expenditure. Imprests. Total. I I 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 Class IX. —Department of Internal Affairs :— £ s. d. Clerk of Executive Council .. .. .. 50 0 0 Department of Internal Affairs (Head Office) .. 60,537 13 11 Ministers'Secretaries .. .. .. .. 1,665 17 6 Messengers, Office-keepers, and Charwomen .. 41,313 19 5 Audit Department .. .. .. .. 21,791 9 3 Registrar-General's Office .. .. .. 15,691 19 9 Census and Statistics .. .. .. .. 45,396 111 Electoral .. .. .. .. .. 3,999 II 9 High Commissioner's Office .. .. .. 22,859 19 10 Museum .. .. .. .. .. 2,981 0 4 Dominion Laboratory .. .. .. .. 3,861 8 0 Printing and Stationery .. .. .. 152,015 5 10 Mental Hospitals .. .. .. .. 212,739 1 9 Home for Defectives .. .. .. .. 1,110 9 11 Tourists .. .. .. .. .. I 48,075 19 0 Public Service Commissioner's Office .. .. 5,693 2 5 Public Health, Hospitals, and Charitable Aid .. 68,965 18 9 Miscellaneous Services .. .. .. .. 47,637 4 3 £ s. d. 17,708 1 2 5,847 19 8 16,551 15 1 6,525 15 11 190 8 3 92 19 3 1,927 6 2 36 11 5 133 9 1 130,849 6 2 ; 68,189 11 11 236 16 1 2,290 7 0 1,853 11 1 I 19,692 3 1 I 9,295 8 6 £ s. d. 50 0 0 42,829 12 9 1,665 17 6 35,465 19 9 5,239 14 2 9,166 3 10 45,205 13 8 3.906 12 6 20,932 13 8 2,944 8 11 3,727 18 11 21,165 19 8 144,549 9 10 873 13 10 45.785 12 0 3,839 11 4 49.273 15 8 38.341 15 9 £ s. d. £ s. d. 50 0 0 191 9 7 43,021 2 4 1,665 17 6 188 16 2 35,654 15 11 0 10 0 5,240 4 2 9,166 3 10 45,205 13 8 3,906 12 6 20,932 13 8 2.944 8 11 3,727 18 11 j 21,165 19 8 20 0 0 144,569 9 10 : 873 13 10 410 14 8 46,196 6 8 3 839 11 4 334 15 2 49,.608 10 10 38,341 15 9 £ s. d. 191 9 7 188 16 2 0 10 0 20 0 0 410 14 8 334 15 2 £ s. d. 50 0 0 43,021 2 4 1,665 17 6 35,654 15 11 5,240 4 2 9,166 3 10 45,205 13 8 3,906 12 6 20,932 13 8 2.944 8 11 3,727 18 11 j 21,165 19 8 144,569 9 10 I 873 13 10 46,196 6 8 3,839 11 4 49,608 10 10 38,341 15 9 £ s. d. 50 0 0 51,924 0 0 1,815 0 0 34,112 0 0 9,534 0 0 9,629 0 0 34.946 0 0 5,430 0 0 18,228 0 0 3,545 0 0 5,091 0 0 31,715 0 0 150,373 0 0 1,262 0 0 48,362 0 0 5,364 0 0 ! ' 53,817 0 0 50,933 0 0 £ s. d. 50 0 0 51,924 0 0 1,815 0 0 34,112 0 0 9,534 0 0 9,629 0 0 34.946 0 0 5,430 0 0 18,228 0 0 3,545 0 0 5,091 0 0 31,715 0 0 150,373 0 0 1,262 0 0 48,362 0 0 5,364 0 0 ! ' 53,817 0 0 t 50,933 0 0 £ s. d. 8,902 17 8 149 2 6 4,293 15 10 . 462 Hi 2 1.523 7 6 600 11 1 1,363 1 1 10,549 0 4 5,803 10 2 388 6 2 2,165 13 4 1.524 8 8 4,208 9 2 12,591 4 3 £ s. d. 8,902 17 8 149 2 6 4,293 15 10 . 462 16 2 1.523 7 6 600 11 1 1,363 1 1 10,549 0 4 5,803 10 2 388 6 2 2,165 13 4 1.524 8 8 4,208 9 2 12,591 4 3 £ s. 1,542 15 10,259 13 2,704 13 £ s. d. 1,542 15 11 10,259 13 8 2,704 13 8 d. 11 8 8 Total Class IX .. .. .. j 756,386 3 7 281,421 9 10 281,421 9 10 474,964 13 9 474,964 13 9 1,146 5 7 476,110 19 4 1,146 5 7 476,110 19 4 | 516,130 0 0 516,130 0 0 54,526 3 11 54,526 3 11 14,507 3 14,507 3 3 3 I I I i 60 61 62 60 61 62 Class X.—Defence Department :— Adjutant-General's Branch .. .. .. 192,920 14 7 General Staff Branch .. .. .. .. 4,476 17 4 Quartermaster-General's Branch .. .. 261,940 14 7 1,001 7 1 317 13 7 19,363 14 1 191.919 7 6 4,159 3 9 242,577 0 6 I 15 5 6 191,934 13 0 4,159 3 9 2,316 11 3 244,893 11 9 195.825 0 0* 10,370 0 0 289,445 0 Of 195,825 0 0* 10,370 0 0 289,445 0 Of 3,890 7 0 6,210 16 3 44,551 8 3 i 3,890 7 0 6,210 16 3 44,551 8 3 Total Class X .. .. .. 459,338 6 6 20,682 14 9 j 438,655 11 9 2,331 16 9 440,987 8 6 495,640 (I 0 495,640 0 0 54,652 11 6 54,652 11 6 _ X 63 64 65 66 67 63 64 65 66 67 Class XI. —Customs, Marine and Harbours, and Inspection of Machinery Departments :— Customs Offices and Services .. .. .. 58,284 2 0 Customs: Miscellaneous Services .. .. | 6,192 8 6 Marine and Harbours and Inspection of Machinery 60,923 18 9 Government Steamers .. .. .. .. j 21,135 7 7 Marine: Miscellaneous Services .. .. .. 27,052 8 11 469 14 0 0 5 0 ; 2.173 14 4 | 557 111! 522 17 6 ; 57,814 8 0 6.192 3 6 58,750 4 5 20,578 5 8 26.529 11 5 57,814 8 0 6,192 3 6 1 14 II 58,751 19 4 0 9 8 20,578 15 4 26,529 11 5 60,207 0 0 8,924 0 0 60,700 0 0 30,710 0 0 9,782 0 0 2,392 12 0 2,731 16 6 1,948 0 8 10,131 4 8 16,747 11 5 — Total Class XI .. .. .. 173,588 5 9 3,723 12 9 169,864 13 0 2 4 7 169,866 17 7 2 4 7 169,866 17 7 170.323 0 0 — 170,323 0 0 17,203 13 10 17,203 13 10 16,747 11 16,747 11 5 5 I 1U, f1 J XI i i 68 Class XII. —Department of Labour :— Department of Labour.. .. .. .. 33,202 16 5 477 15 6 32,725 0 11 32.725 0 11 33,595 0 0 869 19 1 869 19 1 US 477 15 6 32.725 0 11 32,725 0 11 33,595 0 0 i -: Total Class XII .. .. ..I 33,202 16 5 477 15 6 477 15 6 32,725 0 11 32,725 0 11 32,725 0 11 32,725 0 11 33,595 0 0 33,595 0 0 S69 19 1 i 869 19 1 i » Inclusive of £10,000 transferred from Vote 02 under Order of the Governor. 28th March, 1917, in terms of section 47 of the Public Revenues Act, 1916. t Exclusive of £10,000 transferred to Vote 60 under Order of the Governor, 28th March, 18] 7. in terms of section 47 of the Public Revenues Act. 1910.

8.—6

44

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

o Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. - Class Xiii. —Department of Lands and Survey :— £ s. d. 69 Department of Lands and Survey .. .. 177,341 15 8 70 Miscellaneous Services .. .. .. .. 33,035 12 4 71 Valuation .. .. .. .. .. 39,721 12 6 Total Class XIII .. .. .. 250,099 0 6 £ s. d. 177,341 15 8 33,035 12 4 39,721 12 6 £ s. d. 45,206 12 5 2,394 3 10 9,506 8 10 57,107 5 1 £ s. d. 45,206 12 5 2,394 3 10 9,506 8 10 £ s. d. 132,135 3 3 30,641 8 6 30,215 3 8 192,991 15 5 £ s. d. 132,135 3 3 30,641 8 6 30,215 3 8 £ s. d. 214 10 0 214 10 0 £ s. d. 214 10 0 £ s. d. 132,349 13 3 30,641 8 6 30,215 3 8 £ s. cl. 132,349 13 3 30,641 8 6 30,215 3 8 193,206 5 5 £ s. d. 160,050 0 0 53,942 0 0 32,164 0 0 £ s. d. 27,700 6 9 23,300 11 6 1,948 16 4 £ s. d. 250,099 0 6 57,107 5 1 192,991 15 5 214 10 0 193,206 5 5 246,156 0 0 52,949 14 7 - - Class XIV. —-Department of Agriculture, Industries, and Commerce: — 72 Agriculture, Industries, and Commerce .. .. 255,518 10 1 255,518 10 1 38,621 2 5 38,621 2 5 216,897 216,897 7 8 7 8 1,166 5 6 1,166 5 6 218,063 13 2 218,063 13 2 229,488 0 0 11,424 6 10 Total Class XIV .. .. .. 255,518 10 1 Class XV. —Education Department :— 73 Head Office .. .. .. .. .. 14,183 8 0 74 Elementary Education.. .. .. .. 1,057,445 2 2 75 Secondary and Higher Education .. .. 113,481 10 2 76 Technical Instruction .. .. .. .. 74,399 7 9 77 Training Colleges and Training of Teachers .. 49.099 2 3 78 Medical Inspection .. .. .. .. 2.368 2 10 79 Material and Stores .. .. .. .. 12,826 6 3 80 Physical Training and Junior Cadets .. .. 3.550 9 1 81 Native Schools .. .. .. .. 37,877 17 1 82 Schools in Outlying Islands .. .. .. 685 4 10 83 Infant-life Protection .. .. .. .. 1,400 10 0 255,518 10 1 38,621 2 5 314 10 11 121,538 8 1 4,846 15 4 2,711 11 11 2,025 14 9 3 6 8 5,641 6 5 353 6 10 1,701 7 6 ; 267 3 6 50 8 4 38,621 2 5 216,897 216,897 7 8 13.868 17 1 935,906 14 1 108,634 14 10 71.687 15 10 47,073 7 6 2.364 16 2 7,184 19 10 3.197 2 3 36.176 9 7 418 1 4 1.350 1 8 7 8 1,166 5 6 | 1,166 5 6 134 12 6 1 218,063 13 2 | 229,488 0 0 218,063 13 2 13,868 17 1 936,041 6 7 108,634 14 10 71,687 15 10 47,073 7 6 2,364 16 2 7,184 19 10 3,197 2 3 36,176 9 7 418 1 4 1.350 1 8 11,424 6 1 t I I I | 14.248 0 0 945,501 0 0 108,870 0 0 71,091 0 0 48,223 0 0 3,257 0 0 2,000 0 0 3,264 0 0 35,571 0 0 895 0 0 1.575 0 0 379 2 11 9,459 13 5 235 5 2 1.149 12 6 892 3 10 66 17 9 476 18 8 224 18 4 596 15 10 5,184 19 10 605 9 7 Special Schools :— ! 84 School for the Deaf .. .. .. .. 6,143 13 1 ! 85 Education of the Blind .. .. .. 810 9 6 86 Otekaike Home for Boys .. .. .. 6,119 17 5 87 Richmond Home for Girls .. .. .. 1,077 18 2 88 Industrial Schools .. .. .. .. 71,922 17 3 89 School Buildings, Furniture, and Sites .. .. 122,248 0 0 90 Miscellaneous Services .. .. .. .. 16,591 6 4 84 85 86 87 88 89 90 2,115 5 10 538 0 4 1,601 15 3 ' 131 7 9 33,837 1 0 2,744 6 3 5,545 13 0 4.028 7 3 272 9 2 4,518 2 2 946 10 5 38,085 16 3 119.503 13 9 11.045 13 4 4,028 7 3 272 9 2 4,518 2 2 946 10 5 38,085 16 3 119,503 13 9 11,045 13 4 3,809 0 0 175 0 0 4.200 0 0 905 0 0 40,981 0 0 118,400 0 0 10,432 0 0 j 2,895 3 9 219 7 3 97 9 2 318 2 2 41 10 5 1,103 13 9 613 13 4 Total Class XV .. .. .. 1,592,231 2 2 1,592,231 2 2 185,967 9 8 T,406, 263 12 6 185,967 9 8 jl .,406,263 12 6 134 12 6 134 12 6 1,406,398 5 0 1,413,397 0 0 1 ,406,398 5 0 15,779 16 4 I 8,781 1 4 I i_ Unauthorized :— Services not provided for .. .. .. 72,147 10 4 i . I 30,546 13 0 41,600 17 4 41,600 17 4 72,147 10 4 j 30,546 13 0 41,600 17 4 41,600 17 4 41,600 17 4 Total Unauthorized .. .. .. 72,147 10 4 72,147 10 4 30,546 13 0 30,546 13 0 41,600 17 4 41,600 17 4 41,600 17 4 41,600 17 4 41,600 17 4

45

8.-6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. 1 I I I SUMMARY. £ s. d. £ s. d. £ s. d. Class I.—Legislative Departments .. .. .. 35,324 19 4 385 14 0 34,939 5 4 IL—Department of Finance .. .. ..I 122,669 12 9 15,947 5 2 106,722 7 7 III.— Post and Telegraph Department .. .. 1,499,974 0 3 131,483 11 3 1,368,490 9 0 IV.—Working Railways Department .. .. ;3,266, 920 4 11 394,943 4 9 2,871,977 0 2 „ V.—Public Buildings, Domains, and Maintenance of Roads .. .. .. ..I 108,156 19 0 : 13,218 3 11 94,938 15 1 VI.—Native Department .. .. .. 24,228 15 10 37 9 8 24,191 6 2 VII.—Justice Department .. .. .. i 477,252 14 7 17,338 4 4 459,914 10 3 „ VIIL— Mines Department .. .. .. 28,888 8 7 610 12 11 28,277 15 8 IX.—Department of Internal Affairs .. .. 756,386 3 7 ' 281,421 9 10 474,964 13 9 X.—Defence Department .. .. .. 459,338 6 6 20,682 14 9 438,655 11 9 ,. XL —Customs, Marine and Harbours, and Inspection of Machinery Departments .. .. 173,588 5 9 3,723 12 9 169,864 13 0 „ XII.—Department of Labour .. .. .. 33,202 16 5 477 15 6 32,725 0 11 „ XIIL—Department of Lands and Survey .. .. 250,099 0 6 57,107 5 1 192,991 15 5 „ XIV. —Department, of Agriculture, Industries, and Commerce .. .. .. .. 255,518 10 1 38,621 2 5 216.897 7 8 XV.—Education Department .. .. .. 1,592,231 2 2 j 185,967 9 8 1,406,263 12 6 Services not provided for .. .. .. .. 72,147 10 4 I 30,546 13 0 41,600 17 4 Total Consolidated Fund .. .. .. 9,155,927 10 7 1,192,512 9 0 7,963,415 1 7 £ s. d. £ s. d. £ s. d. 34,939 5 4 38,309 0 0 238 18 9 106,961 6 4 184,000 0 0 , 6,292 13 3 1,374,783 2 3 1,367,236 0 0 670 5 3 2,872,647 5 5 3,209,556 17 3* ' 94,938 15 1 117,200 0 0 5 5 5 24,196 11 7 25,175 0 0 1,347 9 5 461,261 19 8 500,020 0 0 28,277 15 8 31,743 0 0 1,146 5 7 476,110 19 4 516,130 0 0 2,331 16 9 440,987 8 6 495,640 0 0 2 4 7 169,866 17 7 170,323 0 0 32,725 0 11 33,595 0 0 214 10 0 193,206 5 5 246,156 0 0 1,166 5 6 218,063 13 2 229,488 0 0 134 12 6 T,406,398 5 0 1,413,397 0 0 41,600 17 4 13,550 7 0 7,976,965 8 7 8,577,968 17 3 £ s. d. £ s. d. 3,369 14 8 80,779 0 0 3,740 6 4 51,600 8 10 59,147 11 1 336,909 11 10 22,261 4 11 978 8 5 42,288 15 11 3,530 15 7 3,465 4 4 54,526 3 11 14,507 3 3 54,652 116 17,203 13 10 16,747 11 5 869 19 1 52,949 14 7 11,424 6 10 15,779 16 4 8,781 1 4 41,600 17 4 749,058 15 0 148,055 6 4 * Inalades £163,448 17s. 3d. additional amount appropriated tn terms of section 45 of the Public Revenues Act, 1910,

8.—6.

Table No. 1—continued. STATEMENT showing the NET ISSUES from the NEW ZEALAND STATE FORESTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the STATE COAL-MINES ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the SCENERY PRESERVATION ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

46

EH O Issued. Voted. Amount Unissued. Issued IN Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. State Coal-mines Account: — State Coal-mines £ s. d. .. I 259,771 6 7 £ s. d. 11,398 11 1 £ s. d. 248,372 15 6 £ s. d. 144 17 1 £ s. d. 248,517 12 7 £ s. d. 215,435 0 0 £ s. d. A £ s. d. 33,082 12 7 119 Total .. 259,771 6 7 11.398 11 1 i 11,398 11 1 248,372 15 6 248,372 15 6 144 17 1 248,517 12 7 215,435 0 0 I 33,082 12 7

I EH O Issued. Voted. Amount Un t ssued. i Issued IN Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Scenery Preservation Account :— 120 Scenery-preservation Unauthorized :— Services not provided for Total £ a. d. 1,554 19 3 215 11 2 1,770 10 5 £ s. d. £ s. d. 1,554 19 3 215 11 2 1,770 10 5 £ s. d. £ s. d. 1,554 19 3 215 11 2 1,770 10 5 £ s. d. 10,826 0 0 10,826 0 0 , ! £ s. A. 9,271 0 9 £ s. A. 215 11 2 1,770 10 5 1,770 10 5 10,826 0 0 9,271 0 9 215 11 2 I

H o New Zealand State Forests Account :— 1118 State Forests Branch of the Lands and Survey Department i Expenditure, j £ s. d. 23,143 11 8 Issued. Credits. Net Expenditure. Imprests. £ s. d. £ s. d. £ s. d. 334 1 0 27,809 10 8 I Total. £ s. d. 27,809 10 8 Voted. £ s. d. 32,643 0 0 j Amount Unissued. £ s. d. 4,833 9 4 | Issued in Excess. £ s. £ s. d. Total 28,143 11 8 334 1 0 27,809 10 8 334 1 0 27,809 10 8 i 27,809 10 8 27,809 10 8 I 32,643 0 0 32,643 0 0 | i__ 4,833 9 4 4,833 9 4 I_

47

8.—6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND for the FINANCIAL YEAR ended 31st March, 1917, compared with the Sums voted under the Appropriation Act, 1916.

EH > Expenditure. Issued. Voted. Amount Unissued. Issued IN Excess. Credits. Credits. Net Expenditure. Imprests. Total. ISS. i Class XVI. —Puelic Works, Departmental: — Publio Works, Departmental £ s. d. 139,322 14 1 £ s. d. 7,637 14 3 £ s. d. £ s. d. £ s. d. 131,684 19 10 .. 131,684 19 10 £ s. d. 144,100 0 0 £ s. d. 12,415 0 2 £ s. d. 91 Total Class XVI 139,322 14 1 7,637 14 3 131,684 19 10 131,684 19 10 144,100 0 0 12,415 0 2 j 92 93 Class XVII. —Railways :— Railway-construction .. Additions to Open Lines 359,296 0 1 314,553 15 3 23,892 5 10 29,010 15 10 335,403 14 3 285,542 19 5 227 10 I 335,631 4 4 i 285,542 19 5 I 500,000 0 0 300,000 0 0 164,368 15 8 14,457 0 7 I Total Class XVII .. 673,849 15 4 52,903 1 8 620,946 13 8 227 10 1 621,174 3 9 800,000 0 0 178,825 16 3 94 95 96 97 98 99 100 101 102 103 Class XVIII. —Public Buildings (including Purchase of Properties, Sites, Furniture, Fittings, &c.): — General Courthouses .. Oaols Police-stations Postal and Telegraph Agricultural Mental Hospitals Hospitals and Charitable Institutions School Buildings Workers' Dwellings 35,843 12 7 298 17 0 15,744 11 0 21,149 16 7 23,360 9 4 3,086 7 7 44,629 0 9 2,869 10 9 70,442 16 3 35,937 6 0 609 2 11 59 14 1 3 4 0 616 7 0 40 10 0 26 16 7 75 12 8 500 0 0 35,234 9 8 298 17 0 15,684 16 11 21,146 12 7 22,744 2 4 3,045 17 7 44.602 4 2 2,869 10 9 70,367 3 7 35,437 6 0 'I 35,234 9 8 298 17 0 15.684 16 11 21,146 12 7 j 22,744 2 4 I 3,045 17 7 I 44,602 4 2 i 2,869 10 9 70,367 3 7 35,437 6 0 50,000 0 0 2,000 0 0 16,000 0 0 25,000 0 0 35,000 0 0 4,000 0 0 55,000 0 0 2,000 0 0 125,000 0 0 50,000 0 0 14.765 10 4 1,701 3 0 315 3 1 3,853 7 5 12,255 17 8 954 2 5 10,397 15 10 54,632 16 5 14,562 14 0 I 869 10 9 = I Total Class XVIII 253,362 7 10 13,362 7 10 1,91 1,931 )31 7 3 7 3 251,431 0 7 251,431 0 7 2f 51,431 0 7 364,000 0 0 364,000 0 0 113,438 10 2 113,438 10 2 869 10 9 Class XIX. — Lighthouses, Harbour- works, and Harbour-defences :— Lighthouses Harbour-works Harbour-defences .. .. .. . I I l_ 449 2 0 2,283 15 1 1,038 12 6 3 14 0 449 2 0 2.280 1 1 1,038 12 6 ! 449 2 0 2.280 1 1 1,038 12 6 I 1,500 0 0 11,000 0 0 1.500 0 0 1,050 18 0 8,719 18 11 461 7 6 104 105 106 Total Class XIX 3,771 9 7 3 14 0 3 14 0 3,767 15 7 3,767 15 7 14,000 0 0 10.232 4 5 I I Class XX. — Tourist and Health Resorts (including Sites, Furniture, Fittings, &c.): — Tourist and Health Resorts 1,464 8 11 370 7 5 1,094 1 6 1,094 1 6 5,000 0 0 3,905 18 6 ■: • 107 Total Class XX 3,905 18 6 1,464 8 11 370 7 r> 1,094 1 6 1,094 1 6 5,000 0 0 _l_

8.—6

48

Table No. 1— continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND, &c.— continued.

Expenditure. Credits. N Issued. Expenditure. I Issued. Imj prests. Total. Voted. Amount Unissued. Issued in Excess. o Expenditure. I Credits. Net Expenditure. Imprests. i I Glass XXI. —Immigration :— £ s. d. 108 | Department of Immigration .. .. .. 14,777 4 8 £ s. d. 14,777 4 8 £ s. d. 8,244 3 1 £ s. d. 6,533 1 7 £ s. d. £ s. d. 6,533 1 7 £ s. d. 15,000 0 0 £ s. d. 8,466 18 5 £ s. d. ■ _ . _. — Total Class XXI .. .. ..j 14,777 4 8 14,777 4 8 8,244 3 1 6,533 1 7 6,533 1 7 15,000 0 0 8,466 18 5 Class XXII. — Construction, Maintenance, and! Supervision of Roads, Bridges, and other Public Works: — 109 Roads, &e. .. .. .. .. .. 175,456 6 5 110 j Backbiock Roads, &c. .. .. .. .. 44,340 9 11 111 I Roads and other Works on Goldfields and Mineral Lands .. .. .. .. .. 17,129 15 11 175,456 6 5 j 44,340 9 11 17,129 15 11 16,345 6 4 755 6 9 31 9 8 159,111 0 1 43,585 3 2 17,098 6 3 1,828 14 6 160,939 14 7 43,585 3 2 17.098 6 3 300.250 0 0 90,000 0 0 139,310 5 5 46,414 16 10 30,000 0 0 12,901 13 9 Total Class XXII .. .. .. 236,926 12 3 17,132 2 9 219,794 9 6 1,828 14 6 221,623 4 0 420,250 0 0 198,626 16 0 . Class XXIII. —Development of Mining :— 11-2 Development of Mining .. .. .. 4,591 13 2 Total Class XXIII .. .. .. 4,59113 2 Class XXIV. —Contingent Defence :— 113 Contingent Defence .. .. .. .. 9,741 3 6 4,591 13 2 4,591 13 2 4,591 13 2 4,591 13 2 6,000 0 0 6,000 0 0 1,408 1,408 6 10 6 10 9,741 3 6 9,741 3 6 9.741 3 6 30,000 0 0 20,258 16 6 _ . .. _ ■ Total Class XXIV .. .. .. 9,741 3 6 9,741 3 6 9,741 3 6 9.741 3 6 30,000 0 0 20,258 16 6 ! Class XXV. —Lands Improvement :— 114 Improved-farm Settlements .. .. .. 924 13 10 115 Lands: Miscellaneous.. .. .. .. 1,093 19 2 924 13 10 1,093 19 2 3,931 15 9 Cr. 3.007 1 11 817 7 5 276 11 9 Cr. 3,007 1 11 1,086 12 1 1,363 3 10 6,000 0 0 9,000 0 0 9,007 1 11 ! 7,636 16 2 Total Class XXV .. .. .. 2,018 13 0 2,018 13 0 4,749 3 2 \Cr. 2,730 10 2 1,086 12 1 Cr. 1,643 18 1 15,000 0 0 16,643 18 1 I— — Class XXVI. —Irrigation and Water-supply:— 116 I Irrigation and Water-supply .. .. .. 16,747 12 2 699 0 4 16,048 11 10 16,048 11 10 40,000 0 0 23,951 8 2 16,747 12 2 Total Class XXVI .. .. .. 16,747 12 2 16,747 12 2 699 0 4 16,048 11 10 16,048 11 10 40.000 0 0 23,951 8 2 [ Class XXVII. —Plant, Material, and Stores :— 117 Plant, Material, and Stores .. .. .. 20,667 12 2 20,667 12 2 i 10,889 6 5 ; 9,778 5 9 9,778 5 9 j 20,000 0 0 10,221 14 3 Total Class XXVII .. .. .. 20,667 12 2 Unauthorized :— Services not provided for .. .. .. 6,838 11 6 Total Unauthorized.. .. .. 6,838 11 6 20,667 12 2 6,838 11 6 1,071 18 2 10,889 6 5 5,766 13 4 9,778 5 9 9,778 5 9 5,766 13 4 | 20,000 0 0 10,221 14 3 5,766 13 4 6,838 11 6 1,071 18 2 5,766 13 4 5,766 13 4 5,766 13 4

7—B. 6

Table No. 1— continued STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND, &c.— continued.

STATEMENT showing the NET ISSUES from the RAILWAYS IMPROVEMENT AUTHORIZATION ACT, 1914, ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

8.—6.

49

Issued. Voted. Amount Unissued. Issued IN Ecexss. Expenditure. Credits. Net Expenditure. Imprests. Total. SUMMARY. £ s d Class XVI.— Public Works, Departmental .. .. 139,322 14 1 XVIL— Railways .. .. .. .. 673,849 15 4 „ XVIII.— Public Buildings.. .. .. .. 253,362 7 10 „ XIX. —Lighthouses, Harbour-works, and Harbourdefences .. .. .. .. 3,771 9 7 XX.—Tourist and Health Resorts .. .. 1,464 8 11 „ XXI. —Immigration .. .. .. .. 14,777 4 8 „ XXII. —Construction, Maintenance, and Supervision of Roads, Bridges, and other Public Works 236,926 12 3 „ XXIIL—Development of Mining .. .. .. 4,59113 2 „ XXIV.— Contingent Defence .. .. .. 9,741 3 6 XXV.— Lands Improvement .. .. .. 2,018 13 0 „ XXVI. —Irrigation and Water -supplv .. .. 16,747 12 2 „ XXVIL— Plant, Material, and Stores .. .. 20,667 12 2 Services not provided for .. .. .. .. 6,838 11 6 £ s. d. 7,637 14 3 52,903 1 8 1,931 7 3 3 14 0 370 7 5 8,244 3 1 17,132 2 9 4,749 3 2 699 0 4 10,889 6 5 1,071 18 2 £ s. d. 131,684 19 10 620,946 13 8 251,431 0 7 3,767 15 7 1,094 1 6 6,533 1 7 219,794 9 6 4,591 13 2 9,741 3 6 Cr. 2,730 10 2 16,048 11 10 9,778 5 9 5,766 13 4 ( £ s. d. 227 10 1 1,828 14 6 1,086 12 1 £ s. d. 131,684 19 10 621,174 3 9 251,431 0 7 3,767 15 7 1,094 1 6 6,533 1 7 221,623 4 0 4,591 13 2 9,741 3 6 Cr. 1,643 18 1 16,048 11 10 9,778 5 9 5,766 13 4 £ s. d. 144,100 0 Q 800,000 0 0 364,000 0 0 14,000 0 0 5,000 0 0 15,000 0 0 420,250 0 0 6,000 0 0 30,000 0 0 15,000 0 0 40,000 0 0 20,000 0 0 £ s. d. 12,415 0 2 178,825 16 3 113,438 10 2 10,232 4 5 3,905 18 6 8,466 18 5 198,626 16 0 1,408 6 10 20,258 16 6 16,643 18 1 23,951 8 2 10,221 14 3 £ s. d. 869* 10 9 5,766 13 4 Total Public Works Fund .. .. ..1,384,079 18 2 I 105,631 18 6 1,278,447 19 8 3,142 16 8 1,281,590 16 4 1,873,350 0 0 598,395 7 9 6,636 4 1

o Issued. Voted. Amount. Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. 123 Railways Improvement Authorization Act, 1914, Account .-— Railway Improvements £ s. d. 218,610 10 4 £ s. d. 18,666 10 4 £ s. d. 199,944 0 0 £ s. d. £ s. d. 199,944 0 0 £ s. d. J 200,000 0 0 £ s. d. 56 0 0 £ s. d. Total 218,610 10 4 18,666 10 4 199,944 0 0 199,944 0 0 200,000 0 0 56 0 0 STATEMENT showing the NET ISSUES from the AID TO WATEE-POWEE WOEKS ACCOUNT for the FINANCIAL YEAE ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916. EH O Expenditure. Issued. Voted. Amount Unissued. Issued in Excess. Credits. Net Expenditure. Imprests. Total. Aid to Water-power Works Account :— 124 Development of Water-power I £ s. d. 75,177 7 8 £ s. d. 26,146 19 9 I £ s. d. 49,030 7 11 £ s. d. 147 0 1 £ s. d. 49,177 8 0 £ s. d. 55,000 0 0 £ s. d. 5,822 12 0 £ s. d. Total 75,177 7 8 26,146 19 9 i 26,146 19 9 i 49,030 7 11 49,030 7 11 147 0 1 147 0 1 49,177 8 0 49,177 8 0 55,000 0 0 55,000 0 0 5,822 12 0

B.— 6.

Table No. 1— continued. STATEMENT showing the NET ISSUES from the IRRIGATION AND WATER-SUPPLY ACCOUNT for the FINANCIAL YEAR ended 31st MARCH, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the TELEGRAPH EXTENSION ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

50

. I I O ! Issued. Voted. Amount Unissued. Issued IN Excess. i Expenditure. Credits. Net Expenditure Imprests. Total. !_1 Irrigation and Water-supply Account :— 125 Irrigation and Water-supply Total £ s. d. 4,920 3 1 4,920 3 1 £ s. d. 175 8 3 £ s. d. 4,744 14 10 £ s. d. £ s. d. 4,744 14 10 £ s. d 4,745 0 0 £ s. d. 0 5 2 £ s. d. 175 8 3 4,744 14 10 4,744 14 10 4,745 0 0 0 5 2

Et o Expenditure. Issued. Voted. Amount Unissued Issued IN Excess. Credits. Net Expenditure. Imprests. Total. Telegraph Extension Account :— 127 Telegraph Extension Tot il £ s. d. 259,439 2 2 259,439 2 2 £ s. d. 56,129 1 3 56,129 1 3 £ s. d. 203,310 0 11 203,310 0 11 £ s. d. £ s. d. 67,861 17 2 271,171 18 1 ' 67,861 17 2 271,171 18 1 £ s. d. 300,000 0 0 300,000 0 0 £ s. d. I 28,828 1 11 28,828 1 11 | £ s. d. 259,439 2 2 56,129 1 3 I 203,310 0 11 67,861 17 2 271,171 18 1 300,000 0 0 28,828 1 11 i I

EH O Expenditure, j Issued. Voted. Amount Unissued. Issued IN Excess. Credits. Net Expenditure. Imprests. Total. I I 126 Waihou and Ohinemuri Rivers Improvement Account :— Waihou and Ohinemuri Rivers Improvement Total .. .. -.. £ s. d. 10,437 14 9 10,437 14 9 £ s. d. 30 12 1 £ s. A. 10,407 2 8 £ s. d. £ s. d. 10,407 2 8 £ s. d. 20,000 0 0 £ s. d. 9,592 17 4 £ s. d. 30 12 1 10,407 2 8 10,407 2 8 20,000 0 0 9,592 17 4 I

Table No. 1— continued. STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT (OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the NATIONAL ENDOWMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

8.—6.

51

Issued. Voted. Amount Unissued. Issued in Excess. EH O Net Expenditure. Imprests. Expenditure. Credits. Total. I Land for Settlements Account: — 121 Land for Settlements Expenses Total £ s. d. 6,348 5 6 6,348 5 6 £ s. d. 140 1 9 £ s. d. 6,208 3 9 £ s. d. £ s. d. 6,208 3 9 £ s. d. 8,542 0 0 | £ s. d. 2,333 16 3 £ s. d. 140 1 9 6,208 3 9 6,208 3 9 8,542 0 0 2,333 16 3

EH o > Expenditure, j Issued. Voted. Amount Unissued. Issued IN Excess. Credits. Net Expenditure. Imprests. Total. 122 Land for Settlements Account (Opening up Crown Lands for Settlement Account) :— Roads to open up Land for Settlements £ s. d. 25,363 9 8 £ s. d. 633 0 10 £ s. d. 24,730 8 10 £ s. d. £ s. d. 24,730 8 10 £ s. d. 100,000 0 0 £ s. d. 75,269 11 2 £ s. d. Total .. .. .. ..! 25,363 9 8 25,363 9 8 633 0 10 633 0 10 24,730 8 10 24,730 8 10 24,730 8 10 24,730 8 10 100,000 0 0 100,000 0 0 75,269 11 2 75,269 11 2 I

EH o > Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. i Total. I I £ s. d. £ s. d. 6,787 8 6 £ s. d. £ s. d. 6,787 8 6 £ s. d. 30,000 0 0 £ s. d. 23,212 11 6 £ s. d. National Endowment Account :— 128 Roads to open up National Endowment Lands .. Total - £ s. d. 6,787 8 6 6,787 8 6 6,787 8 6 6,787 8 6 30,000 0 0 23,212 11 6

8.—6.

Table No. 1— continued. STATEMENT showing the NET ISSUES from the NATIVE LAND SETTLEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the KAURI-GUM INDUSTRY ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

STATEMENT showing the NET ISSUES from the SWAMP LAND DRAINAGE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1917, compared with the Amount voted under the Appropriation Act, 1916.

The Treasury, 27th April, 1917. G. F. C. Campbell, Examined and found correct. Secretary to the Treasury. Eobert J. Collins, Controller and Auditor-General. . J ' J> Accountant to the Treasury.

52

Issued. Voted. Amount Unissued. Issued IN Excess. EH o > ! Expenditure. Net Expenditure. Imprests. Credits. Total. Native Land Settlement Account :— 136 Native Land Purchase Expenses £ s. d. 2,103 13 11 £ s. d. 13 10 0 13 10 0 £ s. d. 2,090 3 11 2,090 3 11 £ s. d. £ s. A. 2,090 3 11 2,090 3 11 £ s. d. 2,095 0 0 2,095 0 0 £ s. d. £ s. d. 4 16 1 4 16 1 Total 2,103 13 11 13 10 0 2,090 3 11 I

m eh o Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure Imprests. Total. Kauri-gum Industry Account :— Unauthorized, — Services not provided for £ s. d. 409 13 5 £ s. d. £ s. d. 409 13 5 £ s. d. £ s. d. 409 13 5 £ s d. £ s. d. £ s. d. 409 13 5 Total 409 13 5 ! 409 13 5 409 13 5 409 13 5

O Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Swamp Land Drainage Account :— Unauthorized, — Services not provided for Total £ s. d. 528 11 2 528 11 2 £ s. d. £ s. d. 528 11 2 528 11 2 £ s. d. £ s. d. 528 11 2 528 11 2 £ s. d. £ s. d. £ s. d. 528 11 2 528 11 2 528 11 2 52S 11 2

8.—6

53

Table No. 2 The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917.

Annual Charge. _ Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. Eate. Amount. W 7 hen payable. Remarks. i Int. I S.F. I £ °/ 200,000 3°i % £ 7,000 15 Feb. and 15 Aug. New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1896 £ £ 200,000* £ 15 Aug., 1921 * Loan may be paid off at any time on six months' notice being given. Aid to Publio Works and Land Settlement Act, 4 1900 I Aid to Public Works and Land Settlement Aot, 1901 j Aid to Public Works and Land Settlement Act, ] 1902 j I I I I 1,000 90,300 2,900 2,500 8,100 51,000 32,900 10,000 128,000 30,400 59,600 157,990 30,225 25,100 12,900 2,500 283,600f 25,000 j- 94,200 L 104,500 1 - 218,000 ( 1 Mav, 1919 - 1 May, 1921 ( 1 May, 1921 II Dec, 1918 1 Dec, 1918 1 Dec, 1918 1 Jan., 1921 1 Dec, 1921 f 1 Dec, 1917 - 1 Dec, 1919 ( 1 Dec, 1922 ; 1 Jan., 1921 1 Jan., 1921 1 Feb.. 1921 - 1 Jan., 1922 1 Jan., 1923 1 Feb., 1924 1 Jan., 1926 1 Aug., 1923 1,000 4 90,300 4 2,900 4J 2,500 3J 8,100 3| 51,000 4 32,900 1 4 10,000 : 4 128,000 ' 3_ 30,400 4 59,600 4 157,990 4 30,225 4 _ 25,100 ! 4 12,900 j 4 2,500 ! 4 283,600 ' 4 25,000 ' 4J 565,500 4 40 1 May „ 1 Nov. 3.612 1 May „ 1 Nov. 131 1 May „ 1 Nov. 87 1 June „ 1 Dec. 304 1 June . 1 Dec. 2,040 1 June „ 1 Dec. 1,316 1 Jan. „ 1 July. 400 1 June „ 1 Dec 4,800 1 June „ 1 Dec. 1,216 1 June „ 1 Dec. 2,384 Uune „ 1 Dee. 6,320 1 Jan. „ 1 July. 1,360 1 Jan. „ 1 July. 1,004 lFeb „ 1 Aug. 516 1 Jan. , 1 Julv. 100 1 Jan. . 1 Julv. 11,344 lFeb. „ 1 Aug. 1,125 1 Jan. „ 1 July. 22,620 1 Feb. „ 1 Aug. •• Aid to Public Works and Land Settlement Act, 1903 1 I 537,315 Aid to Public Works and Land Settlement Aot, 1904 Aid to Public Works and Land Settlement Act, 1905 565,500 f Loan may be paid off at any time on six months' notice being given. 209,500 1 Jan., 1921 209,500 4 8,380 1 Jan. „ 1 July. Aid to Public Works and Land Settlement Act,) 1906 1 I 61,750 8,650 8,700 5,000 500,000 346,800 200 200,000 167,000 500,000 L 930,900 \ 867,200 I 1 Jan., 1919 1 Jan., 1919 I 1 Jan., 1919 " 1 Jan., 1921 1 Jan., 1922 \ 1 Jan., 1922 I 1 Jan., 1920 I 1 Jan., 1922 1 1 Jan., 1922 { 1 Jan., 1923 1 April, 1921 I 61,750 I 3J S,650 3| 8,700 4 5,000 j 4 500,000 3J 346,800 4 200 4 200,000 3J 167,000 j 4 500,000 | 4 50,000 4 2,161 1 Jan. „ 1 July. 324 1 Jan. . 1 July. 348 1 Jan. „ 1 July. 200 1 Jan. . 1 July. 17,500 1 Jan. „ 1 July. 13,872 Uan. „ 1 July. 8 1 Jan. „ 1 July. 7,000 1 Jan. , 1 July. 6,680 Uan. „ 1 July. 20,000 Uan. , 1 Julv. 2,000 1 April „ 1 Oct. Aid to Public Works and Land Settlement Act, J 1907 1 Aid to Publio Works and Land Settlement Act, 1908 Aid to Publio Works and Land Settlement Act, 1910 (Issued to cover expenses of raising £189,100 loan) 189,100 50,000 - 191,010+ j- 149,000 I 1 Dec, 1945 1 1 Dec, 1945 ( 1 Jan., 1920 J 31 Mar., 1920 I 31 Mar., 1920 189,100 : 4J 8,509 Uune „ 1 Dec \ Repayable at the option oi the Government on or aftei 1st December, 1925, by giving three months' notice in the London Gazette. 1,910 1,910 I i_ I 86 1 June „ 1 Deo. Aid to Public Works and Land Settlement Act,j 1911 | I 49,000 50,000 50,000 49,000 3f 50,000 3 J 50,000 3| 1,837 1 Jan. . 1 July. 1,750 Uune , 1 Dec. 1,875 Uune „ 1 Dec. Carried forward 4,117,125 4,117,125 160,249 ••

8.—6

54

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917— continued.

Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. Kate. Int. j S.P. Amount. Annual Charge. When payable. Kemabkh. - I .. [ I.I £ £ £ 4,117,125 £ ( £ % 4,117,125 11,200 4 175,300 3| 100,000 4 625,000 4 1,100,000 4 220,000 4 59,900 4 500,000 4 165,000 4 50,000 4 50,000 3| 14,000 4 30,000 4 55,000 4 10,000 3| 5,000 4 10,000 3J 110,000 3| 30,000 4 25,000 3| 36,000 4 Of /O £ 160,249 448 15 April and 15 Oct. 6,574 15 April „ 15 Oct. 4,000 1 Feb.' . 1 Aug. 25,000 1 May „ 1 Nov. 44,000 1 May . 1 Nov. 8,800 IMay „ 1 Nov. 2,396 30 June „ 31 Dee. 20,000 1 May . 1 Nov. 6,600 1 May „ 1 Nov. 2,000 IMay „ 1 Nov. 1,875 IMay „ 1 Nov. 560 1 May „ 1 Nov. 1,200 1 May „ 1 Nov. 2,200 1 May „ 1 Nov. 375 ! 1 May „ 1 Nov. 200 1 May „ 1 Nov. 350 1 April „ 1 Oct. 4,125 1 April „ 1 Oct. 1,200 1 April „ 1 Oot. 937 : 1 April „ 1 Oct. 1,440 1 Mar. „ 1 Aug. Brought forward Aid to Public Works and Land Settlement Aot, ( 1912 ( Aid to Publio Works and Land Settlement Act, 1914 Aid to Water-power Works Act, 1910 Appropriation Act, 1912 (Irrigation and Water- J supply Account) 1 Coal-mines Aot, 1908 .. .. .. \ Coal-mines Act, 1908 (Appropriation Act, 1912) .. Discharged SoldierB Settlement Act, 1915, and Amendment Act, 1916 District Railways Purchasing Acts, 1885-86 Finance Act, 1909 Finance Act, 1915 (New Zealand Loans Amendment Act, 1915), (section 105) j (Section 106) Carried forward 4,117,125 11,200 I 1QR rm J15 April, 1920 175,300 j 1Bb > dUU }15April,1920 100,000 \ } 1 Feb., 1917 625,000 1 Nov., 1919 1,100,000 I0A04Q00 J i Ma y. 1920 220,000 y 2 ' Mi^ w J \ l Nov., 1920 59,900 31 Dec, 1920 500,000 j \,1 May, 1921 165,000 \ ( 1 May, 1918 50,000 1 May, 1919 50,000 „,,. nnn J 1 Nov., 1919 14 i 000 \ 364 ' 000 1 IMay, 1920 30,000 1 Nov., 1920 55,000 / v 1 May, 1921 | 15 ' 000 1 Nov., 1919 10,000 ) ( 1 April, 1918 110,000 \ 150,000 ■ lApril,1919 30,000 J 1 April, 1921 25,000 1 April, 1919 36,000 1 Mar., 1921 40,000 1 July, 1919 46,901 1 Aug., 1920 1,095,360 ' ,15 Dec, 1920 332,385 15 Dec, 1925 86,240 :- 2,005, 030 J15 Dec., 1930 16,930' ) 15 Dec, 1935 474,115 ) 115 Dec, 1940 100,000 T r 31 Dec, 1920 45,875 1 Jan., 1921 17,200 1 Feb., 1921 300 1 Mar., 1921 4,000 1 May, 1921 23,325 1 Jan., 1926 11,200 1 May, 1926 5,200 Uan., 1931 800 I- 2,123,000 ■ Uan., 1936 1,000 j 1 May, 1936 1,600 | 1 Jan., 1941 11,713,456 186,500 2,604,900 Outstanding 31st Maroh, 1917. 40,000 4 46,901 4 1,600 1 Jan. ., Uuly. 1,876 1 Feb. „ 1 Aug. I 2,005,030 , 4J j 90,226 15 June „ 15 Dec. ) 100,000 4J I 45,875 ' 4_ 17,200 . 4§ ! 300 ' 4J ( 4,000 i 4J I 23,325 4_ j 11,200 4J 5,200 4 J 800 4J 1,000 : 4J 1,600 I 4J 4,500 30 June ., 31 Dec 2,064 1 Jan. „ 1 July 774 1 Feb. „ 1 Aug. 14 1 Mar. „ 1 Sept. 180 1 May . 1 Nov. 1,050 Uan. „ 1 Julv 504 1 May „ 1 Nov. 234 j 1 Jan. „ 1 July 36 I Uan. „ 1 July 45 1 May „ 1 Nov. 72 j 1 Jan. „ 1 July 9,800,956 9,800,956 397,704 I

B—6

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917— continued.

55

Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. I Kate. Int. ! S.F. Annuai Amount. Annual Charge. Remarks. When payable. Brought forward Finance Act, 1915 (New Zealand Loans Amendment Act, 1915) — continued. (Seotion 106) — continued £ 178,600 127,500 71,700 19,500 153,800 276,600 500 917,500 160,000 6,S00 2,653,300 6,145,050 f355, 000 205,000 265,000 100,000 115,000 85,000 £ 11,713,456 1 Feb., 1941 31 Mar., 1941 1 April, 1941 15 April, 1941 1 May, 1941 1 June, 1941 30 June, 1941 1 July, 1941 1 Aug., 1941 1 Sep., 1941 1 Sep., 1941 1 Sep., 1930 22 Aug.,1921 31 Aug.,1921 9 Sep.,1921 30 Sep., 1921 31 Oct., 1921 30Nov.,1921 - 31 Dec, 1921 31 Jan.. 1922 28 Feb., 1922 1 Mar., 1922 6 Mar.,1922 9 Mar., 1922 19 Mar, 1922 Uune, 1917 £ 9,800,956 178,600 127,500 71,700 19,500 153,800 276,600 500 917,500 160,000 6,800 2,653,300 6,145,050 355,000 205,000 265,000 100,000 115,000 85,000 ! 24,000 60,000 40,000 24,700 20,000 15,000 15,000 4,500,000 o/ o/ /o /o ii ■■ ■ i_ .. 4* 4J .. 4i .. 4J .. 4J .. 44 1 ii 4J 4J 4* 4i H 44 44 4£ ii 5 j £ 397,704 8,037 1 Feb. and 1 Aug. 5,738 ; 31 Mar. „ 30 Sept. 3,226 1 Apl. „ 1 Oct. 877 15 Apl. . 15 Oct. 6,921 1 May „ 1 Nov. 12,447 Uune „ 1 Dec. 22 30 June „ 30 Dec. 41,288 Uan. . 1 July 7,200 1 Feb. „ 1 Aug. 306 1 Mar. . 1 Sept. 119,398 1 Mar. „ 1 Sept. 276,527 1 Mar. „ 1 Sept. 15,975 22 Feb. „ 22 Aug. 9,225 28 Feb. , 31 Aug. 11,925 9 Mar. „ 9 Sept. 4,500 31 Mar. „ 30 Sept. 5,175 30 April „ 31 Oct. *War Loan certificates. In3,825 31 May „ 30 Nov. vested in War Bonds. 146,220f .. H-Sinking fund 1 percent, pay1,080 30 June and 31 Dec able on £14,622,050 for 2,700 31 Jan. „ 3Uuly 1917-18. 1,800 28 Feb. „ 31 Aug. 1,111 1 Mar. „ 1 Sept. 900 6 Mar. „ 6 Sept. 675 9 Mar. „ 9 Sept. 675 19 Mar. „ 19 Sept. 225,000 1 June „ 1 Dec. {Memorandum of security issued to Imperial 12,000! 1 Feb. „ 1 Aug. Government, dated 26 March, 1917. Finance Act, 1916 (New Zealand Loans Act, 1908, and Amendment Act, 1915) — Section 35 (War Expenses) .. .. ..-_ i j h . ! j 24,000 60,000 40,000 24,700 20,000 15,000 15,000 4,500, 000 J -14,622,050 J Finance Act, 1916— Section 49 (Public Works) Finance Act, 1916— Section 50 (State Forests) 300,000 1 Aug.,1921 300,000 4 Fruit-preserving Industry Act, 1913 .. j Government Railways Aot, 1908 — Railways Improvements Authorization Acts, i 1904-7 18,400 6,500 17,000 140,000 2,000 67,500 3,300 50,000 7,000 1,400 10,000 t 24,900 [ 229,800 1 Aug., 1921 f 1 April, 1920 | 1 April, 1921 f30 June, 1917 I 30 June, 1920 h 1 lAug., 1920 j Uan., 1922 I 1 Feb., 1922 (30 June, 1920 J 1 Feb., 1922 { 1 Feb., 1923 10,000 18,400 6,500 | 17,000 . 140,000 ; 2,000 j 67,500 3,300 50,000 ! 7,000 1,400 26,958,600 4 4 4 4 4 4 4 4 4 4 4 400 1 Feb. „ 1 Aug. 736 1 April „ 1 Oct. 260 1 April „ 1 Oct. 680 30 June „ 31 Dec. 5,600 30 June . 31 De-. 80 1 Feb. „ 1 Aug. 2,700 Uan. „ 1 July, i 132 1 Feb. „ 1 Aug. 2,000 30 June „ 31 Dec. 280 1 Feb. „ 1 Aug. 56 1 Feb. „ 1 Aug. Government Railways Act, 1908— | Finance Act, 1909 .. .. .. I :- 58,400 Carried forward 1,335,401 26

56

8.—6

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917—continued.

Amount outstanding. Due Date. Sinking Funds Net Indebtedness. Annual Ci iarge. payable. Remarks, Kate. Int. I S.F. Amount. Brought forward .. .. .. I / Government Railways Amendment Act, 1910 -; I V Hauraki Plains Amendment Act, 1913 .. \ £ 11,150 40,490 42,560 10,000 4,980 5,000 53,350 14,000 11,000 100,000 5,190 2,000 127,000 17,300 55,190 35,000 40,100 24,900 14,000 18,000 15,000 £ 26,958,606 / 1 Jan., 1918 1 Jan., 1918 1 Jan., 1919 1- 167,530 J Uan., 1919 I Uan., 1920 1 Jan., 1920 I 1 Feb., 1922 I 25 000 I 1 Feb -> 1919 f J5 ' UUU ( 1 Feb., 1920 ( 1 May, 1918 30 June, 1918 one con J 1 May, 1919 - 306,680 A 1May ; l9 . 20 1 Jan., 1922 1 Feb., 1922 | ( lOct., 1918 \ 100,000 \ lOct., 1919 lOct., 1920 | ( 1 Nov., 1919 \ 47,000 \ 1 Nov., 1920 I ( IMay, 1921 400,000 30 Sept., 1920 £ £ 26,958,606 11,150 40,490 42,560 10,000 4,980 5,000 53,350 14,000 11,000 100,000 5,190 2,000 127,000 17,300 55,190 35,000 40,100 24,900 14,000 18,000 15,000 400,000 % 34 4 4 3f 4 3| 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 44 4 4J 4 4 4J 4 4 4 4 4 4 4 4 4 4 4i 4£ 44 % £ 1,335,401 390 1 Jan. and 1 July. 1,620 Uan. „ 1 July. 1,702 1 Jan. „ 1 July. 375 1 Jan. „ 1 July. 199 1 Jan. . 1 July. 187 1 Jan. . 1 July. 2,134 lFeb. . 1 Aug. 560 1 Feb. , 1 Aug. 440 1 Feb. „ 1 Aug. 3,500 IMay „ 1 Nov. 208 30 June „ 31 Dec. 80 1 May „ 1 Nov. 5,080 1 May „ 1 Nov. 692 1 Jan. „ 1 Julv. 2,208 1 Feb. „ 1 Aug. 1,400 1 April „ 1 Oct. 1,604 1 April „ 1 Oct. 996 1 April „ 1 Oct. 560 1 May . 1 Nov. 720 1 May „ 1 Nov. 600 1 May „ 1 Nov. 16,000 31 Mar. „ 30 Sept. Hutt Railway and Road Improvement Acts, 1903,- ! 1905, 1907, and 1910 f Irrigation and Water-supply Act, 1913 .. -j Kauri-gum Industry Amendment Act, 1914 J Lands Improvement and Native Lands Acquisition Act, 1894 . f j I Land for Settlements Act, 1908 .. -1 (Issued to cover expenses of raising £37,400 loan) Carried forward 44,925 37,350 220,015 10,000 85,500 385,110 28,600 8,270 33,550 62,000 39,000 4,100 800 703,800 20,000 162,400 11,800 78,950 40,000 26,000 1,500 77,000 300 37,400* 378 1 f 1 Jan., 1918 1 Jan., 1918 1 Feb., 1920 1 Mar., 1920 1 Aug., 1920 1 Jan., 1921 Uan., 1921 1 Feb., 1921 1 Feb., 1921 1 April, 1921 1 Mav, 1921 1 May. 1921 -! 30Sept., 1921 j 1 Jan., 1922 1 Jan., 1922 lFeb., 1922 1 April, 1922 1 Jan., 1923 1 April, 1923 1 Mav, 1923 1 Jan., 1924 15 Mar., 1925 1 Feb., 1926 1 Dec, 1945 J 1. 1 Dec, 1945 2,118,748 - - 44,925 37,350 220,015 10,000 85,500 385,110 28,600 8,270 33,550 62,000 39,000 : 4,100 800 703,800 20,000 162,400 11,800 78,950 40,000 26,000 1,500 77,000 300 37,400 378 1,572 1 Jan. „ 1 July. 1,494 Uan. „ 1 July. 8,801 lFeb. „ 1 Aug. 400 1 Mar. „ 1 Sent. 3,420 1 Feb. „ 1 Aug. 15,404 Uan. „ 1 July. 1,287 Uan. „ Uuly. 331 1 Feb. „ 1 Aug. 1,510 1 Feb. . 1 Aug. 2,480 1 April „ 1 Oct. 1,560 1 Mav „ 1 Nov. 184 1 May . 1 Nov. 32 31 Mar. „ 30 Sept. 28,152 Uan. „ Uuly. 800 1 ADril „ 1 Oct. 6,496 1 Feb. , 1 Aug. 472 1 April „ 1 Oct. 3,158 Uan. „ Uuly. 1,600 1 April „ 1 Oct. 1,040 1 May „ 1 Nov. 60 1 Jan. „ 1 Julv. 3,080 15 Mar. . 15 Sep"t. 14 1 Feb. „ 1 Aug. 1,683 Uune „ 1 Dec. 17 1 June „ 1 Dec. 30,123,564 1,461,703 * Repayable at the option of the Government on or after 1st December, 1925, by giving three months' notice in London Gazette. •• 30,123,564 ; 30,123,564 - •• I

8.—6

57

B—B. 6

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917— continued.

Annual Ch IAKGB. Amount outstanding. Due Date Sinking Funds. Net INDEBTED ; „ NERS Amount. Remakes. , I Int. j S.F. . _ When payable. J. * £ £ Brought forward .. .. .. .. 130,123,564 f 108,000 h , 1 April, 1919 39,400 1 Jan., 1920 163,850 1 Feb., 1920 10,000 31 Mar., 1920' 15,000 j lApril,1920 j 15,000 '' 31 July. 1920 i 45,000 1 Oct., 1920 Land Laws Amendment Act,, 1913 .. -| 4,500 - 889,150 1 Feb., 1921 19,100 30 Mar., 1921 10,000 31 Mar., 1921 10,500 30 June, 1921 8,000 22 July, 1921 244,800 1 Mar., 1922 166,000 30 Mar., 1924! 30,000 J 31 Mar., 1924 10,000 I (-30 Deo., 1923 Land Laws Amendment Act, 1913, and Finance j 10,200 , „ grin j 1 Sept.,1926 Act, 1916 (section 41) 20,000 f" °°< MKJ H 26Mar., 1927 15,000 J r29 Mar., 1927 Local Bodies' Loans Act, 1908 — Government Loans to Local Bodies Act, 1886 J 034'500'} 250 ' 300 1 Sept.,1919 / v / 1 Mar., 1918 60,000 Uune, 1918 , u v . t > . 10,1a i-50,000 , un . mn 1 Mar., 1920 Local Bodies' Loans Act, 1908 .. .. 790 000 -It 901 - 000 \ 1 Jan 19-51 25,000 1 Mar.', 1921 ! V 370,000 / \ 1 Mar., 1921 1 25,650 ] I 1 Jan., 1918 Maori Land Settlement Act, 1905 .. 13,525 ! f 184,175 J Uan., 1918 { 145,000 ) i 1 Jan., 1921 Maori Land Settlement Act Amendment Act, 1907 .. 50,000 1 Jan., 1921 ,,. . . , . . f . O ,o ' 7,000 ) ,, .„„ I IMay, 1919 Mining Amendment Act, 1913 .. .. j . i5m j ll.oOO , r 1920 98,500 1 fl April, 1919 250,000 I 1 April, 1920 160,000 j 1 Oct., 1920 2,400 j 1 Jan., 1921 Native Land Amendment Act, 1913 .. - 275,000 j- 795,200 -] 1 April. 1921 1,500 20 Jan., 1922 2,400 I 1 Oct., 1922 2,400 I I 1 Jan., 1926 3,000 ) 15 Dec, 1937 Carried forward .. .. .. .. 34,260,089 £ £ % % £ 30,123,564 .. .. 1,461,703 108,000 4 .. 4,320 39,400 4 .. 1,576 163,850 4 .. 6,554 10,000 4 .. 400 15,000 4 .. 600 15,000 4J .. 638 45,000 j 4 .. 1,800 4,500 4 .. 180 19,100 4J .. 812 10,000 4 400 10,500 4 .. 420 8,000 4 .. 320 244,800" 4 .. 9,792 166,000 44 .. 7,470 30,000 44 .. 1,350 10,000 ' 44 .. 450 10,200 I 44 .. 459 20,000 ' 5 .. 1,000 15,000 44 .. 675 ( 15,800 34 .. 553 234,500 4 .. 9,380 416,000 34 .. 14,560 50,000 ; 3| .. 1,750 250,000 4" .. 10,000 790,000 4 .. 31,600 25,000 ! 34 .. 875 370,000 ! 4 .. 14,800 25,650 i 34 .. 898 13,525 4 .. 541 145,000 1 4 .. 5,800 50,000 34 .. 1,750 7,000 4" .. 280 4.500 4 .. 180 93,500 4 .. 3,940 250,000 4 .. 10,000 160,000 I 4 .. 6.400 2,400 44 .. 108 275,000 4 1.. 11,000 1,500 I 44 .. 68 2,400 4i .. 108 2,400 4| j .. 108 3,000 44 .. 135 34,260,089 .. .. 1,625,753 1 April and 1 Oct. 1 Jan. , 1 July 1 Feb. „ 1 Aug. 31 Mar. . 30 Sept. 1 April . 1 Oct. 31 Jan. „ 31 July. 1 April . 1 Oct. 1 Feb. , 1 Aug. 31 Mar. „ 30 Sept. 31 Mar. „ 30 Sept. 30 June „ 31 Dec. . 22 Jan. . 22 July. 1 Mar. ., 1 Sent. 31 Mar. „ 30 Sept. 31 Mar. , 30 Sept. 30 June , 30 Dec. 1 Mar. „ 1 S-pt. 26 Mar. „ 26 Sept. 29 Mar. „ 29 Sept. 1 Mar. „ 1 Sept. 1 Mar. „ 1 Sept. 1 Mar. , 1 Sept. 1 June „ 1 Dec. 1 Mar. . 1 Sept. 1 Jan. , 1 July. 1 Mar. „ 1 Sept. 1 Mar. „ 1 Sept. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 May » 1 Nov. 1 May , 1 Nov. 1 April „ 1 Oct. 1 Auril „ 1 Oct. 1 April „ 1 Oct. 1 Jan. „ 1 July 1 April „ 1 Oct. 20 Jan. . 20 July 1 April , 1 Oct. 1 Jan. „ 1 July j 5 June , 5 Dec C

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March. 1917— continued.

B.— 6

58

I Amount outstanding. Due Date. Sinking Funds. Net Indebted- n . f . NESS. Kate ' Int. I S.F. I Annual Charge. Remarks. Amount. When payable. £ £ Brought forward .. .. .. ' .. 34,260,089 Native Land Purchases Act, 1892 .. .. .. 125,000 31 Oct., 1917 I 953,500 ) ( 1 Dec, 1945f Naval Defence Act, 1909* .. .. -• 1 • f 963, 131 j (Issued to cover expenses of raising £953,500 loan) ( 9,631 j ( 1 Dec, 1945 £ £ 34,260,0S9 125,000 953,500 3| . 44 4i 4 3J I 3| j 4 34 I 4 34 j 4 3| 4 4 4 3| 44 34 3 4 34 3f 4 34 3f 4 % 4 £ 1,625,753 ; 4,687 : 30 April and 31 Oct. 42,907 Uune „ 1 Dec. 71,807 .. 'Sinking fund 4 per cent. 433 ; Uune and 1 Dec. ; pavable on £1,795,167 for 1917-18. fRepayable at the option of 240 1 Feb. „ 1 Aug. the Government, on or 18,766; 1 Feb. . 1 Aug. after 1 Dec, 1925, by giving three months' 487 ! 15 April . 15 Oct. : notice in London Gazette. 7,282 - lFeb. . 1 Aug. 12,040 I 30 June . 31 Dec. 2,958 ; 30 June „ 31 Dec. 6,600 Uan. „ Uuly 284 1 Jan. . 1 July. 676 i 1 Jan. . 1 July. 2,812 15 April ., 15 Oct. 208 15 April . 15 Oct. 2,188 : 28 May ., 28 Nov. 32 15 April . 15 Oct. 784 15 April „ 15 Oct. 315 15 April ,. 15 Oct. 1,195,064 IMay . 1 Nov. {Does not include £223,795 578,780 Uan". „ Uuly. 4-per-cent. (1929).£1,032,365 200,099 1 April „ 1 Oct. 34"- per - cent., £2,990,000 362,804 1 Feb. „ 1 Aug. 3 percent., and £1,814,521 4-per- cent. (1963) stock transferred to the State Advances Office. §£2,607 was credited to Consolidated Fund during 1915-16, and is held to meet the debentures outstanding when presented. 875 I 1 April and 1 Oct. 17,625 ! 1 April , 1 Oct, 3,200 1 April „ 1 Oct. 700 i 1 April „ 1 Oct. 12,656 I 1 April . 1 Oct. 2,044 1 April . 1 Oct. 1,200 1 April . 1 Oct. 4,176,306 9,631 New Zealand Consols Act, 1908.. .. - 475,992 1 Feb., 1925 I 4o9,14, 7 j New Zealand Loans Aot, 1908 — Consolidated Loan Act, 1867.. .. .. .. 13,000 15 April, 1920 | 194,200 - t 1 Feb., 1919 n i-j .jo. , a . iqoh 301,000 I „.. -, lr , 31 Dee., 1919 Consolidated Stock Act, 1884 .. .. -j . 04500 h ' " 31 Dee 1919 I ') I 1 Jan.! 1921 ( 8,100 ) ( Uuly, 1917 Defence and other Purposes Loan Act, 1870. •! 16,900 \ 100,000 J Uuly, 1917 ( 75,000 ) (15 April, 1920 I 5,200 ) , (15 Oct., 1918 General Purposes Loan Act, 1873 .. \ 54.700 - 60,700 i \ 28 Nov., 1919 ( 800 ! J ! (15 Oct., 1920 T - J D Ll- ~ X. T , . torn ( 20,900 ) Or nAA (15 April, 1920 Immigration and Public Works Loan Act, 1870 ] 7 000 I 2<,900 j, _ . * ., .„,, I^, 876, 608 \ ( 1 Nov., 1929 New Zealand Consolidated Inscribed Stock -j fi'fifiq'qHn (-62,153,262} -, , , ji ,„.- (j 9,07o!l07 j) 1 1 Feb..' 1963 ( 6,845 \ 469,147 | 13,000 194,200 301,000 84,500 165,000 8,100 16,900 75,000 5,200 54,700 j 800 I 20,900 [ 7,000 29,876,607 16,536,567 6,669,980 1 9,070,107 i ■ New Zealand Loan Act, 1863 .. .. .. 2,500 15 July, 1914! New Zealand State-guaranteed Advances Act, 1909— t a , a ui . t> i. , 25,000 ) ,__. ___ < 1 Oct., 1948 Land for Settlements Branch .. j 470! 000 : J 4 9o,000 | ]_ April, 1949 / So!000 ! \ (1 April,'1918 20,000 1 Oct., 1947 Native Land Settlement Branch .. J 361,600 ;- 546,100 ' 1 Oct., 1948 54,500 j 1 April, 1949 \ 30,000 j \ 1 April, 1949 Carried forward .. .. .. .. 99,967,374 2,500§ 25,000 470,000 80,000 20,000 361,600 54,500 30,000 2,500 99,964,874

8.—6

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917— continued.

59

Annual Chahge. .- ■J Amount outstanding. Due Date. Sinking Funds. Net j— Indebted- ., , NESS. Kate ' Int. j S.F. Amount. When payable. Remarks. Brought forward New Zealand State-guaranteed Advances Act, 1909 — continued. Guaranteed Mining Advances Branch.. Local Authorities Branch — Hauraki Plains Settlements Account .. i Opening up Crown Lands for Settlement j Account 1 Rangitaiki Land Drainage Account .. J New Zealand State-guaranteed Advanoes Acts, 1909-10— f Land for Settlements Branch .. .. -j t. Native Land Settlement Branch .. -j Post and Telegraph Aot, 1908 Carried forward £ £ 99,967,374 5,000 1 April, 1949 10,000 ) (1 April, 1918 50,000 „> nnr . 1 lOct., 1947 10,000 j" yo - uuu I l Oct., 1948 25,000 ) ( 1 April, 1949 1 33,000 \ 1 April, 1918 112,000 I 1 April, 1948 3,515 I 217,740 \\ 1 Oct., 1948 60,425 1 April, 1949 8,800 I j \ 1 April, 1949 5,000 ) ill April, 1918 25,000 ! - 40,000 \ 1 Oct., 1948 10,000 ) | ( 1 April, 1949 39,500 n f 1 April, 1917 741,066 31 Oct., 1917 73,700 | . 31 Oct., 1917 33,000 : 1 April, 1918 99,000 , lOet., 1918 600 I INov., 1918 8,000 INov., 1918 64,850 ! 1 Jan., 1919 12,350 j , „„ noi , Uan., 1919 71,265 | r- 1 >°*>.*s.i -i 1Jan-) 1919 21,500 lFeb., 1919 51,300 j lFeb., 1919 22,500 1 April, 1919 30,000 ! IMay, 1919 15,300 IMay, 1919 6,000 ! IMar., 1920 24,000 i IMar., 1923 210,000 J )_ lAug., 1923 50,000 I „„ „„„ f 1 April, 1919 30,000 f ou >" uu | lAnril, 1949 200,000 1 July, 1920 !l02,129,045 £ £ °/ 2,500 99,964,874 .. 5,000 3| 10,000 4 50,000 34 10,000 34 25,000 3} 33,000 4 112,000 34 3,515 34 60,425 3| 8,800 4 5,000 4 25,000 34 10,000 | 3J 39,500 j 4 741,066 i 3| 73,700 ! 34 33,000 i 4 99,000 ' 34 600 I 4 i 8,000 ! 34 64,850 34 i 12,350 I 3| J 71.265 , 4 21,500 ! 3| 51,300 4 ; 22,500 4 30,000 4 15,300 I 3| 6,000 ! 4 24,000 ; 4 210,000 | 4 50,000 ! 3| 30,000 3| 200,000 4 2,500 102,126,545 % £ 4,176,306 187 I 1 April and 1 Oct. 400 | 1 April . 1 Oct. 1,750 ■ 1 April „ 1 Oct. 350 1 April „ 1 Oct. 937 j 1 April . 1 Oct. 1,320 1 April . 1 Oct. 3,920 1 April . 1 Oct. 123 : 1 Aoril „ 1 Oct. 2,266 I 1 April „ 1 Oct. 352 1 April „ 1 Oct. 200 1 April „ 1 Oct. 875 j 1 April „ 1 Oct. 375 : 1 April . 1 Oet. 1,580 , 1 April „ 1 Oct. 27,790 j 30 April „ 31 Oct. 2,579 , 30 April „ 31 Oct. 1,320 1 April . 1 Oct. 3,465 1 April „ 1 Oct. 24 1 May „ 1 Nov. 280 ! 1 May „ 1 Nov. 2,270 Uan.' „ 1 July. 463 ! 1 Jan. „ 1 July. 2,851 1 Jan. „ 1 July, i 806 1 Feb. „ 1 Aug 2,052 1 Feb. „ 1 Aug. | 900 1 April . 1 Oct. 1,200 1 May , 1 Nov. ! 574 1 May „ 1 Nov. 240 I 1 Mar. „ 1 Sept. 960 | 1 Mar. „ 1 Sept. 8,400 } 1 Feb. . 1 Aug. 1,875 | 1 April „ 1 Oct. 1,125 ! 1 Aoril . 1 Oct. 8,000 I 1 Jan. . 1 July. 4,258,115

8._6

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917— continued.

60

Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. Annual Charge Rate. I Remarks. Int. | S.F. Amount. "When payable. I £ £ Brought forward .. .. .. .. Il02,129,045 Public Revenues Act, 1910 (Reserve Fund Securities .. 800,000 1 Aug., 1917 : Act, 1907) Public Revenues Amendment Act, 1914 (section 8), (War Expenses) — Public Revenues Amendment Aot. 1915 (No. 2), 890,000 / 1 Dec, 1945 (Seotion 9) j) (Issued to cover expenses of raising £890,000 8,990; . 1 Dec, 1945 loan) ( 300,000 A 2,067,411 ; 16 Dec, 1917 110,000 I 28 Dec, 1917 (Treasury Bills) ' .. .. J 700,000, 31 Mar., 1918 (Issued to cover expenses of raising j 58,421 II 28 Dec, 1917 £1,100,000 loan) { \f \ 4,000,000f| / Public Revenues Amendment Act, 1915 (section 5), 710,000f (War Fnxpenses)— 1,700,000 J 1 Feb., 1921 Public Revenues Amendment Act, 1915 (No. 2), J 3,750 ji 1fin q fin7q 1 Feb., 1922 (section 2) | 390, 000 I f M ' uoo ' v ' ° ' 1 May, 1921 3,200,000 1 Dec, 1945 (Issued to cover expenses of raising j 32,323 1 Dec, 1945 £3,200,000 loan) \ Public Works Aot, 1908— Paeroa-Waihi Railway Act, 1903 .. .. .. 86,250 31 Mar., 1919 Waikaka Branch Railway Act, 1905 ., .. .. 53,476 1 May, 1920 I 140,000 ) ( 1 Aug., 1920 Railways Improvements Authorization Act, 1914 \ 240,000 388,000 \ 1 Feb., 1921 ( 8,000 J ( 1 Aug., 1921 Rangitaiki Land Drainage Amendment Act, 1913 .. 10,000 1 Mar., 1919 ( 12,000 ) fl Sept., 1919 : Rangitaiki Land Drainage Amendment Acts,-; 19,000 ,[ 48,000 - 1 Sept., 1920 1913-14 . I 17,000 !J I IMar., 19211 30,000 li / 1 May, 1918 20,000 1 May, 1919 Soenery Preservation Act, 1908 .. \ 19,000 89,000 J 1 May, 1919 5,000 1 May, 1920 15,000 j) i 1 Nov., 1921 Swamp Drainage Act, 1915 .. .. .. .. 11,000 1 May, 1921 State Advances Act, 1913 — Advances to Settlers Branch.. .. .. .. 573,200 1 June, 1919 Advances to Workers Branch .. .. .. 50,000 1 June, 1919 Advances to Local Authorities Branch .. .. 200,000 1 June, 1919 Carried forward .. .. .. 116,541,455 £ £ % % 2,500 102,126.545 .. .. 800,000 i 34 .. J- 898,990 4* | |- 1,168.421 3J ' 1-1* 4,000,000 5 710,000 | 5f 1,700,000 I 4 3,750 4 390,000 ; 4 [ 3,232,323 44 86,250 3 53,476 4 140,000 j 4 240,000 I 4 8,000 4 10,000 14 12,000 4 19,000 ! 4 17,000 I 4 30,000 34 20,000 I 3| ' .. 19,000 4 5,000 4 15,000 4 11.000 4 573,200 4 .. 50,000 4 200,000 I 4 2,500 116,538,955 4,258,115 28,000 1 Feb and 1 Aug. 40,454 , 1 June . 1 Dec 40,S95 31 Mar. „ 30 Sept. 121,035* .. * Sinking fund 1% pavable on 200 000 £12,103,484 for 1917-1918. 40,825 .. ; t Memorandum of security 68.000 1 Feb. and 1 Aug. j dated 31 March. 1915. 150 1 Feb. . 1 Aug. 15,600 ; IMay . INov. 145,455 1 June ., 1 Dec. 2,587 | 1 Mar. . 1 Sept. 2,139 ! 1 May . 1 Nov. 5,600 1 Feb. „ 1 Aug. 9,600 1 Feb. „ 1 Aug. 320 1 Feb. . 1 Aug. 400 | 1 Mar. . 1 Sept. 480 : 1 Mar. . 1 Sept. 760 i 1 Mar. . 1 Sept. 680 ' 1 Mar. „ 1 Sept. 1,050 1 May „ 1 Nov. 750 : 1 Mav . 1 Nov. 760 1 Mav „ 1 Nov. 200 1 Mav . 1 Nov. 600 1 May „ 1 Nov. 440 1 May „ 1 Nov. 22,928 1 June „ 1 Dec. 2,000 : 1 June „ 1 Dec 8,000 1 June „ 1 Dec. 5,017,823 2,500 116,538,955

61

B. 6

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1917— continued.

Brought forward Waihou and Ohinemuri Rivers Improvement Act, 1910 Wellington-Manawatu Railway Purchase Act, 1908 Public Debt Extinction Act, 1910 State Advances Debt (Table 3) Less Sinking Fund in respect of— Government Loans to Local Bodies Acts War and Defence Loans Public Debt Extinction Act, 1910 Naval Defence Act, 1909 Land for Settlements Native-land Settlement Guaranteed Mining Advances Section 26 (5a) State Advances Act, 1913 War Loans Totals .. Amount outstanding. £ £ 116,541,455 100,000 499,700 117,141,155 12,694,950 129,836,105 " 129,836.105 Annual Charge. DUE DATE. togg! IN^ ED " KATE. BEMABKS. ™ a8 - Amount. When payable. Int. [ S.F. £ £ °/ °/ £ 2,500 116,538,955 5,017,823 1 Aug., 1918 .. 100,000 3J .. 3,500 1 Feb. and 1 Aug. 1 Mar., 1921 .. 499,700 4 .. 19.9S8 1 Mar. . 1 Sept. .... 155.038* .. * Payable on £86.000,000 for 1917-18. 2,500 117,138,655 5,196.349 961,594 11,733,356 .. .. 470,064 964,094 128,872,011 5,666,413 799.601 192,691 1,049,849 428,268 706,458 11,977 648 6,497 103,507 3,299,496 3,299,496 4,263,590 125,572,515 .. .. 5,666,413 1 ■ i

8.—6

62

Table No. 3. Particulars of the Public Debt transferred to the State Advances Office, and Loans raised by or on behalf of that office for which the dominion is indirectly liable, as at 31st March, 1917.

„ . Annual Charge. Amount outstanding. Due Date. Indebtedness. Rate. Amount. When payable. I RAISED BY TREASURY AND TRANSFERRED. ADVANCES TO SETTLERS BRANCH. The Government Advances to Settlers Act, 1894. Extension, 1901. £ £ I £ % £ j 80,000 5 June, 1920 80,000 4 3,200 | 1 June and i December. 80,000 ■ | The Government Advances to Settlers Act, 1908. 12,900 1 January, 1919 12,900 ! 4 516 1 January and 1 July. 105,000 1 June, 1920 105,000 l 4 4,200 1 June and 1 December. 100,000 1 March, 1921 100,000 4 4,000 1 Marcli and 1 September. 45,000 1 July, 1922 45,000 4 1,800 1 January and 1 July. 262,900 The New Zealand State-guaranteed Advances Acts, 1909-10. 750,000 23 October, 1917 750,000 3f 28,125 23 April and 23 October. 205,000 1 December, 1921 205,000 4 8,200 1 June and i December. 2,094* 1 February, 1922 2,094 4 84 .1 February and 1 August, 41,700 1 August, 1923 41,700 j 4 1,668 1 February and 1 August. 1,745,000 1 December, 1945 1,745,000 4£ 78,525 1 June and 1 December. 17,626* 1. December, 1945 17,626 4_ 793 1 June and 1 December. 2,761,420 I I The New Zealand Loans Act, 1908 — N.Z Consolidated Inscribed Stock. 166,910 1 November, 1929 166,910 4 [ 6,676 1 May and 1 November. 881,848 1 January, 1940 881,848 3£ ! 30,865 1 January and 1 July. 2,990,000 1 April, 1945 2,990,000 3 , 89,700 1 April and 1 October. 1,171,188 1 February, 1963 1,171,188 4 ' 46,847 1 February and 1 August. 5,209,946 8,314,266 ADVANCES TO WORKERS BRANCH. The Government Advances to Settlers Act, 1908 (Part III). — Workers. 25,000 1 June, 1920 25,000 4 1,000 1 June and 1 December. 5,000 1 July, 1922 5,000 4 200 1 January and 1 July. ' 30,000 The New Zealand State-guaranteed Advances Acts, 1909-10. 205,000 1 January, 1919 205,000 3| \ 7,175 1 January and ] July. 406* 1 February, .1922 406 4 16 I February and 1 August. 7,000 1 October, 1922 7,000 4 280 1 April and 1 October. 750,000 1 August, 1923 750,000 4 30,000 1 February and 1 August 325,000 1 December, 1945 325,000 4£ 14,625 1 June and 1 December. 3,283* 1 December, 1945 3,283 4| 148 1 June and 1 December. 1,290,689 The Finance Act, 1915 (Section 106). 10,000 I 1 July, 1941 \ 10,000 I i_ 450 ! 1 January and 1 July. 10,000 The New Zealand Loans Act, 1908— N.Z. Consolidated Inscribed Sttrck. 52,743 1 November, 1929 52,743 4 2,110 1 May and 1 November. 147,184 1 January, 1940 j 147,184 3£ 5,151 1 January and 1 July. 155,000 1 February, 1963 ! 155,000 <l 6,200 1 February and I August. 354,927 1,685,616 9,999,882 Carried forward. * Issued to cover expenses of raising loans.

8.—6

Table No. 3—continued. Particulars of the Public Debt transferred to the State Advances Office, and Loans raised by or on behalf of that office for which the dominion is indirectly liable, as at 31st March, 1917 — continued.

63

», Annual Charge. Imount outstanding. Due Date Indebtedness- Rate. Amount. When payable. RAISED BY TREASURY AND TRANSFERRED— eontiwuei. £ 9,999,882 Brought forward LOCAL AUTHORITIES BRANCH. The New Zealand Loans Act, 1908—N.Z. Consolidated Inscribed Stock. £ £ % £ 4,142 1 November, 1929 4,142 4 166 I 1 Mav and 1 November. 3,333 1 January, 1940 3,333 3. 1 , 117 1 January and 1 July. 488,333 1 February, 1963 | 488,333 | 4" 19,533 | 1 February and 1 August. 495,808 495,808 Total £10,495,690 (Transferred from Treasury.) RAISED BY SUPERINTENDENT. The New Zealand State-guaranteed Advances Act, 1909. (Advances to Settlers.) 100,000 1 October, 1948 I 100,000 3J I 3,500 I 1 April and 1 October. 37,000 1 April, 1949 37,000 , 3| 1,387 , 1 April and 1 October. 137,000 (Advances to Workers.) 75,000 1 June, 1917 75,000 ! 4 3,000 1 June and 1 December. 325,000 1 October, 1948 I 325,000 3J 11,375 1 April and 1 October. 100,000 1 April, 1949 100,000 3f 3,750 1 April and 1 October. 500,000 (Local Authorities Branch.) 400,000 1 April, 1947 400,000 | Z\ | 14,000 i 1 April and 1 October. 425,000 1 October, 1947 425,000 j 34 14,875 1 April and 1 October. 100,000 1 April, 1948 l 100,000 j 3J , 3,500 j 1 April and 1 October. 361,485 1 October, 1948 361,485 3J 12,652 1 April and 1 October. 575 1 April, 1949 575 3-f 22 1 April and 1 October. 275,000 1 April, 1949 : 275,000 b_ 9,625 ] i April and 1 October. 200 1 April, 1949 200 4 8 1 April and 1 October. 1,562,260 Total £2,199,260 Superintendent's Debentures. Total £12,694,950 State Advances debt.

8.—6

64

Table No. 4. Statement of the Estimated Liabilities chargeable on the Consolidated Fund (Revenue Account) outstanding on the 31st March, 1907, 1908, 1909, 1910. 1911, 1912, 1913, 1914, 1915, 1916, and 1917.

I - 31st March, 1907. 31st March, 1908. 31st March. 1909. 31st March, 1910. 31st March, 1911. J 31st March, 1912. 31st March, 1913. 31st March, 1914. 31st March. 1915. 31st March, 1916. 31st March, 1917. I I £ s. d. £ s. d. £ s. d. 227 16 9 14,937 0 0 £ s. d. £ s. d. 143 19 6 3,200 0 0 8,614 13 4 15,508 6 8 £ s. d. 84 0 4 1,012 14 10 Revenue Account. £ s. d. Permanent Appropriations, — Civil List .. .. .. 287 8 8 Under Special Acts of the Legislature .. .. .. 849 11 S Subsidies payable to Local Authorities .. .. 760 0 0 Under the Land Acts, payable to Local Authorities .. 1,757 0 1 Pensions Land Act National Endowments £ s. d. £ s. d. £ s. d. 287 8 8 332 0 8 663 15 10 849 11 S 2,541 18 6 6,324 6 0 £ s. d. £ s. d. £ s. d. £ s. d. 332 0 8 663 15 10 765 13 4 753 11 8 2,541 18 6 6,324 6 0 3,939 8 9 1,458 11 10 1,045 0 0 1,757 0 1 '.'. '.'. 2,787 11 3 765 13 4 753 11 8 3,939 8 9 1,458 11 10 £ s. d. 230 18 2 3,372 10 3 £ s. d. 208 6 9 2,518 4 6 760 0 0 1,045 0 0 .. 1,757 0 1 1,757 0 1 2,787 11 3 68 11 8 72 13 11 3,654 0 5 5,675 19 3 6,988 1 10 1 \ O £Ci f\ -% k auK io o a oqq i in i ~ aoo iq a \ o 010 o a 2,726 11 3 15,233 8 5 8,758 12 10 18,781 0 7 1,096 15 2 i 3.654 0 5 ' 5,675 19 3 i 6,988 1 10 7,492 13 4 2,212 3 6 6,988 1 10 7,492 13 4 2,212 3 6 3,603 8 5 j 0,ODi± U D u,uju ±y o o,yoo a 10 , 10 * I o u ! _ '■ j I i 1 Annual Appropriations, — Legislative .. .. .. 184 3 9 Department of Minister of Pinance .. .. .. 4,269 11 1 Postmaster-General .. .. 36,725 0 0 Working Railways .. .. 119,289 0 0 Public Buildings and Domains 850 14 3 Maintenance and Improvement of Roads .. .. .. 1,746 8 1 Minister of Justice* .. .. 6,071 19 1 Minister of Mines Department of Internal Affairs 8,798 0 7 Minister of Defence .. .. 3,620 12 3 Commissioner of Customs .. 370 17 8 Minister of Marine .. .. 4,293 5 4 Minister of Labour .. .. 485 2 0 Minister of Lands .. .. 4,561 5 9 Minister of Agriculture .. 10,552 12 5 Minister of Education .. 2,638 3 0 : 64 1 9 33 19 6 69 3 5 176 2 0 2,150 13 8 2,308 0 9 1,600 11 3 1,780 15 0 43,550 0 0 41,703 0 0 42,545 0 0 49,039 0 0 156,471 0 0 191,727 0 0 129,131 0 0 143,363 0 0 848 18 10 832 0 4 663 9 4 1,543 1 9 1,297 17 5 >. 1,690 16 1 3,611 7 6 ! 448 0 0 3,097 8 4 : 3,627 5 9 6,733 2 11 6,788 1 3 1,912 5 10 30 16 8 8,297 3 4 6,765 16 7 7,477 2 11 11,549 2 5 3,944 2 6 10,583 14 7 7,398 6 2 3,152 2 10 170 9 3 236 10 8 L .,„„ ,„ „ 9 46g , g . 2,730 0 8 3,312 2 2 j d ' dU9 1U l J,4by iy 1 1,185 7 10 1,002 8 5 959 8 9 412 5 5 18,811 17 4 5,924 14 2 4,761 16 5 6,768 15 8 7,166 16 6 8,428 13 4 2,818 1 9 4,044 10 7 327 4 10 56 2 6 255 18 5 1,979 15 7 . 74 15 11 , 1C3 14 4 152 2 1 246 11 0 400 3 9 83 15 1 427 16 8 182 7 5 592 14 6 397 4 6 393 7 8 1,588 14 2 63,981 0 0 58,831 19 10 63,566 5 6 79,466 10 8 63,474 0 0 65,245 4 7 172,451 0 0 150,514 0 0 136,909 0 0 157,575 0 0 113,679 0 0 129,112 0 0 . 1,961 15 11 j 3,487 6 1 1,719 8 6 9,195 0 0 6,281 0 0 4,964 0 0 5,472 0 0 . 3,516 0 0 6,099 0 0 6,156 0 0 3,435 0 0 5,877 0 0 5,973 6 0 I 12,178 15 11 8,884 4 8 6,707 6 9 7,044 0 1 6,863 4 1 61 11 2 8,658 17 6 6,846 13 11 11,311 12 2 10,968 16 10 19,064 12 2 14,655 17 5 10,791 15 6 19,572 3 3 6,648 6 0 12,958 10 5 7,055 15 5 25,369 5 11 20,408 19 1 7,792 13 9 2,760 16 5 2,927 6 10 1,447 16 4 1,234 2 1 1,248 16 8 ' 3,350 16 3 255 3 6 .. 869 0 7 465 17 10 570 4 3 i 890 3 8 6,170 12 3 11,385 5 3 4,065 19 9 2,625 5 2 1,695 8 10 I 1,914 19 2 11,716 11 4 10,403 7 0 8,420 0 0 3,134 0 0 6,500 0 0 ! 4,060 0 0 850 0 1 8,877 16 11 2,402 10 6 13,862 8 2 41,060 0 0 ■ 20,332 0 0 !204,456 15 3 204,456 15 3 ! 250,113 2 3 280,144 10 8 211,357 15 8 233,514 11 7 250,113 2 3 280,144 10 8 211,357 15 8 233,514 11 7 290,054 16 3 286,396 18 0 ! 269,907 7 6 . - L_ L_. TT . 1327,937 3 5 :276,981 15 11 271,646 14 0 i _ - '— ! Services not provided for .. 783 19 3 783 19 3 6 11 10 j .. 10,922 12 3 647 9 1 6 11 10 10,922 12 3 647 9 1 82 10 1 I Totals .. .. 208,894 14 11 1208,894 14 11 -255,795 13 4 ! 287,132 12 6 229,773 1 3 236,374 4 2 -255,795 13 4 1287,132 12 6 229,773 1 3 236,374 4 2 293,740 14 9 289,123 9 3 285,140 15 11 336,695 16 3 1295,762 272,743 2 i I ' * Includes Native Department.

65

8.-6

9—B. 6

Table No. 5. Statement of the Estimated Liabilities chargeable on the Public Works Fund outstanding on the 31st March, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, and 1917.

31st March, 1907. 31st March, 31st March, 1908. 1909. 31st March, 31st March, 31st March, 1910. 1911. 1912. 31st March, 1913. 31st March, 1914. 31st March, 1915. 31st March, 31st March, 1916. 1917. Annual Appropriations — £ s. d. Public Woiks, Departmental Railways .. .. .. .. 210,242 19 1 Utilization of Water-power Development of Water-power Irrigation and Water-supply Public Buildings .. .. ..34,813 4 Lighthouses, Harbour-works, and Harbour Defences .. .. .. 637 0 0 Tourist and Health Resorts .. 21,805 19 S Immigration .. .. .. 667 4 1 Roads .. .. .. .. 109, 6S1 12 2. Development of Mining .. .. 2,616 18 3 Native Lands Purchases .. .. Telegraph Extension .. .. 75,110 5 1 Rates on Native Lands .. .. 669 15 Oj Contingent Defence .. .. 65 13 0 Lands Improvement .. .. 828 11 S Plant, Material, and Stores.. .. £ s. d. 210,242 19 1 1 £ s. d. £ s. d. 97 18 4 797,179 13 4 761,628 0 5 i ' i £ s. d. £ s. d. £ s. d. 47 3 3 34 0 0 283 19 3 687,004 6 2 636,640 12 11 622,761 12 2 2 £ s. d. 566 16 8 255,340 3 0 :_ £ a. d. 566 16 8 255,340 3 0 2 & s. d. £ s. d. 105 17 1 1,930 0 0 287,777 3 10 417,718 0 0 £ s. d. , 105 17 1 287,777 3 10 £ s. d. 1,930 0 0 417,718 0 C i o 0 s £ s. d. ! £ s. d. 710 0 0 1,316 0 0 293.522 0 0 | 233,271 0 0 £ s. d. ! £ s. d 710 0 0 1,316 0 293,522 0 0 | 233,271 0 i •■ ! 34,813 4 " 60,328 4 8 52,457 9 5 212 13 6 56,157 9 1 10 0 200,406 17 3 221,135 14 6 : 176,855 6 3 ■' 80,910 10 11 80,910 10 11 S 235,148 17 9 ] 175,040 13 11 235,148 17 9 175,040 13 11 II 1 1,424 0 0 188,640 8 11 150,934 14 8 1,424 0 I 188,640 8 11 150,934 14 637 0 0 21,805 19 8 667 4 1 109, 6S1 12 2 2,616 18 3 3 S 1 2 3 S3 10 1! 793 6 3 12,446 16 2: 7,369 12 9 7 15 0 2,857 14 0 132,260 17 2 155,275 0 4 4,101 12 1 4,400 10 8 286 0 7 347 5 7 722 19 6 5,142 4 4 442 1 9 880 17 6 159 0 0 22 0 0 3,595 6 10 69,553 9 4: 157,326 0 0 : 219,069 0 0 2,290 16 2' 2,034 4 7! .. ] 527 9 8 . 1,791 0 0 527 9 8 1,791 0 0 162,258 11 6 5 945 13 9 ! 133 14 1 4,889 0 0 . 1,642 0 0 945 13 9 4,889 0 0 . 226,114 16 4 1,192 4 9 133 14 1 1,642 0 ( 250,195 0 (. 499 12 i 7 0 6| ] 2 53 0 0 140 7 8 1,217 0 0 190 0 0 53 0 0 140 7 1,217 0 0 190 0 i 174,220 0 0 116,564 0 i 162,258 11 6 j 226,114 16 4 250,195 0 6 1,192 4 9 499 12 2 235,665 16 3 j 247,113 17 4 174,220 0 0 116,564 0 0 11,468 0 0 112 10 6 34 11 8 7,801 0 0 2,980 0 0 .. 75,110 5 1 669 15 C 65 13 C 828 11 6 1 0 0 s 103,550 0 0 68,837 0 0 11 0 0 303 9 8 1,155 6 7 407 11 11 39,310 0 0 71,904 0 0 111,372 0 0 '< ; 171,297 1 0 171,297 1 0 I 235,665 16 3 I 247,113 17 4 4 11,468 0 0 221 18 9 33 5 10 574 14 11 1,973 12 0 ' 148 15 2 .. 1,240 18 2 1,240 18 2 55 0 0 288 15 1 203 16 1 \ 399 7 4 55 0 0 i 203 16 1 288 15 1 399 7 i i 112 10 34 11 8 17 Qm a n o OQn n •■ •■ .. 7,801 0 0 i 2,980 0 457,139 4 4 Services not provided for Totals .. .. .. 457,139 4 4 1,111,124 15 11,054,427 13 9 1,004,996 10 91,092,106 10 8 1,191,847 5 9 673,932 10 11 122 0 0 992,098 5 10 11,094,961 0 11 •• 506,932 12 10 1,111,124 15 11,054,427 13 9] 1,004,996 10 91,092,106 10 8 1,191,969 5 9 673,932 10 11 992,098 5 10 1,094,961 0 11 677,666 0 7 ! 506,932 12 10

8.—6

66

Table No. 5— continued. Statement of the Estimated Liabilities chargeable on the undermentioned Separate Accounts outstanding on the 31st March, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, and 1917.

31st March, 31st March, 1907. 1908. 31st March, 1909. 31st March, 1910. 31st March, 31st March, 1911. 1912. ; 31st March, 1913. 31st March, 31st March, j 31st March, 1914. 1915. 1916. 31st March, 1917. Aid to Water-power Works Account Cheviot Estate Account Discharged Soldiers Settlement Account .. Government Accident Insurance Account .. i Government Life Insurance Account Hauraki Plains Settlement Account Irrigation and Water-supply Account Kauri-gum Industry Account Land for Settlements Account Land for Settlements Account (Opening up Crown Lands for Settlement Acoount) .. Loans to Local Bodies Acoount Maori Land Settlement Act Account National Endowment Account Native Land Settlement Account Public Trustee's Account Railways Improvements Account.. Railways Improvement Authorization Act, 1914, Account Rangitaiki Land Drainage Account Scenery Preservation Account State Advances Account.. State Coal-mines Account .. .. State Fire Insurance Account .. State Forests Account .. .. Swamp Land Drainage Account .. Telegraph Extension Account Waihou and Ohinemuri Rivers Improvement Account Waikaka Branch Railway Account War Expenses Account .. .. Wellington-Hutt Railway and Road Improvement Account .. .. .. I £ s. d. £ s. d. : 562 6 4 1,069 15 2 326 11 0 4,90o' 0 10 3,455 18 3 2,656 2 8 5,499 11 5 747 4 7 6 12 9 24.871 10 0 33,809 0 0 20,304 0 0 53 18 8 682 0 4 103 19 4 132 4 10 88 6 8 1,730 15 10 1,326 3 4 520 17 10 8,422 0 0 8,671 0 0 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 132,162 1 4 34,964 0 6 1 ,919 0 0 22,861 0 0 28,778 0 0 6 12 0 3,168 12 9 682 1 11 614 14 4 543 18 4 606 14 4 293 8 10 313 16 5 279 1 4 315 18 4 140 18 3 1,213 14 9 2,553 7 0 432 10 0 412 11 10 1,256 11 0 447 19 0 645 6 6 366 9 0 347 11 0 551 17 3 759 7 9 21 19 2 1,861 3 1 163 7 10 45 15 7 165 3 9 ' 100 17 7 143 16 7 50 0 0 200 0 0 6,740 0 0 3,705 0 0 188 8 11 1,354 5 0 737 18 10 2,544 3 8 1,664 14 5 2,849 17 1 2,977 3 9 1,195 19 0 3,385 13 7 3,452 5 4 2,452 0 0 10.376 0 0 9.582 0 0 9,396 0 0 18,566 0 0 14,362 0 Oi 5,843 0 0 9,874 0 0 5,978 9 4 I 7,645 12 8 150 7 0 725 5 0 4,945 3 0 4,687 5 8 2,732 18 3 468 0 0 4,862 0 0 ' 3,177 0 0 1,680 0 0 173 18 3 429 10 0 2,559 10 11 ! 2,567 17 10 1,294 8 9 > 1,105 11 7 433 1 6 7,756 8 7 22,494 0 0 19,277 0 0 31,352 0 0 132,486 0 0 103,233 0 0 63,669 0 0 J215.792 0 0 97,296 0 0 142 15 3 889 3 8 i 310 13 4 344 5 7 117 19 1 115 16 0 29 0 0 18 9 1 113 7 0 83 8 0 102 2 3 76 8 9 .. 131 6 0 129 12 7 355 7 6 318 11 5 389 0 11 470 8 8 899 0 0 331 3 11 361 0 0: 362 8 8 13,606 4 9 i 14,547 3 9 .. 10,707 3 7 2,044 15 10 .. 10,000 0 0 632 9 10 790 18 0 ! 904 15 10 884 1 7 711 18 4 : 1,507 9 2 819 16 5 1,071 12 7 1,068 15 2 581 17 1 161 8 4 559 10 600 19 8 j 390 4 6 183 10 7 286 10 1 153 9 11 60 18 11 16,138 5 4 .. ' 9,902 5 6 8,050 1 1 8,215 18 0 4,558 0 0 283 0 0 6,298 0 0 596,709 15 1 916,436 0 0 3,415,111 0 0 ...... .....: 19,638 0 0 15,320 0 0 15,324 0 0 7,600 0 0 7,777 0 0 3,679 0 0 200 0 0 L .1 . | \______ ___ i I I J

fe.-6

Table No. 6. STATEMENT showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to the 31st March, 1917.

67

WAYS AND MKANS. Loans ;— £ s. d. Immigration and Public Works Loan, 1870 .. .. .. 4,000,000 0 0 Immigration and Public Works Loan, 1873 .. .. .. 2,000,000 0 0 Immigration and Public Works Loan, 1874 .. .. .. 4,000,000 0 0 General Purposes Loan Act, 1873 .. .. .. .. 750,000 0 0 New Zealand Loan Act, 1876 .. .. .. .. .. 750,000 0 0 i Ne.s. Zealand Loan Act, 1877 .. .. .. .. .. 2,200,000 0 0 New Zealand Loan Act, 1879 .. .. .. .. .. 5,000,000 0 Oj New Zealand Loan Act, 1882 .. .. .. .. .. 3,000,000 0 0 New Zealand Colonial Inscribed Stock Loan Act, 1882 .. .. 250,000 0 0 North Island Main Trunk Railway Loan Act, 1882 .. .. 1,000,000 0 0 New Zealand Loan Act, 1884 .. .. .. .. .. 1,500,000 0 0: New Zealand Loan Act, 1886 .. .. .. .. .. 1,325,000 0 0 District Railways Purchasing Acts, 1885 and 1886 .. .. 479,487 7 11 New Zealand Loan Act, 1888 .. .. .. .. .. 1,000,000 0 0 Native Land Purchase Act, 1892 .. .. .. .. 149,700 0 0 Lands Improvement and Native Lands Acquisition Act, 1894 .. ] 500,000 0 0 Aid to Public Works and Land Settlement Act, 1896 .. .. 1,000,000 0 0 Aid to Public Works and Laud Settlement Amendment Act, 1897 .. 250,000 0 0 Aid to Public Works and Land Settlement Amendment Act, 1898.. 500,000 0 0 Aid to Public Works and Land Settlement Aot, 1899 .. .. 1,000,000 0 0 Aid to Public Works and Land Settlement Act, 1900 .. .. 1,011,600 0 0 Aid to Public Works and Land Settlement Act, 1901 .. .. 1,250,000 0 0 Aid to Public Works and Land Settlement Act, 1902 .. .. 1,750,000 0 0 Aid to Public Works and Land Settlement Act, 1903 .. .. 997,690 0 0 Aid to Public Works and Land Settlement Act, 1904 .. .. 750,000 0 0 Aid to Publio Works and Land Settlement Act, 1905 .. .. 1,000,000 0 0 Aid to Public Works and Land Settlement Act, 1906 .. .. 989,700 0 0 Aid to Public Works and Land Settlement Act, 1907 .. .. 1,000,000 0 0 Aid to Publio Woiks and Land Settlement Act, 1908 .. ..j 1,250,000 0 0 Aid to Public Works and Land Settlement Act, 1909 .. .. 1,000.000 0 0 Aid to Public Works and Land Settlement Aot, 1910 .. .. 1,750,000 0 0 Aid to Publio Works and Land Sottlement Act, 1911 .. .. 1,500,000 0 0 Aid to Publio Works and Land Sottlement Act, 1912 .. .. 1,748,900 0 0 Aid to Public Works and Land Settlement Act, 1918 .. .. 1,750,000 0 0 Aid to Public Works and Land Settlement Act, 1914 .. .. 2,954,900 0 0 The Finance Aot, 1909 .. .. .. .. .. 1,250,000 0 0 Finance Act, 1915, and New Zealand Loans Act. 1915 .. .. I 2,000,000 0 0 The Post and Telegraph Act, 1908 .. .. .. .. 200,000 0 0 Midland Railway Petitions Sottlement Acts, .1902-3 .. .. 150,000 0 0 Paeroa-Waihi Railway Act, 1903 .. .. .. .. 75,000 0 0 Waikaka Branch Railway Act, 1905 .. .. .. .. 50,000 0 0 Wellington and Manawatu Railway Purchase Act, 1908 .. .. 1,000,000 0 0 £ s. d. 56,081,977 7 11 Receipts in AmiAmount transferred from Consolidated Fund .. .. ,. 10,305,000 0 0 Contributions of Canterbury Province for Railways .. .. 56,000 0 0 Proceeds of Railway Material handed over to Cook County Council 4,963 7 4 I Stamp Duties to 31st December, 1876 .. .. .. ..! 264,657 16 4 J Transfer from Confiscated Lands Liabilities Aocount .. .. 19,963 1 3 Receipts undor Soction 16 of the Reserves and other Lands Disposal and Public Bodies Empowering Aot, 1912 .. .. .. [ 21,890 4 5 Special Receipts under section 9 of the Railways Construction Aot, 1878 .. .. .. .. .. .. ., 60,616 3 0 Special Receipts under the Ellosmere Lake Lands Acts, 1888 and 1893 .. .. .. .. .. .. ... 51,297 5 4 Special Recoipts under the Railways Authorization and Management Act, 1891 .. .. .. .. .. .. 2,257 1 9 Special Receipts under the North Island Main Trunk Railway Loan Application Act, 1880 .. .. .. .. ..' 114,550 19 6 Sinking Funds released .. .. .. .. .. 506,819 19 3 j11,408,455 3 2 11,408,455 3 2 pr-r? AQn nno a 1 _ I - £07,489,993 6 1 £07,489,993 6 1 NET EXPENDITURE. £ s. d. Expenditure on— £ s. d. Immigration .. .. .. .. .. .. .. 2,338,272 7 7 Public Works, Departmental .. .. .. .. .. 1,194,653 17 0 Railways, including Surveys of New Lines .. .. .. 34,716,001 10 10 Roads .. .. .. .. .. .. .. .. 11,261,098 7 6 Land Purchases .. .. .. .. .. .. .1 2,061,962 14 4 Development of Mining .. .. .. .. .. .. 896,014 0 6 Telegraph Extension .. .. .. .. .. .. 3,207,722 8 9 Public Buildings .. .. .. .. .. .. 6,880,681 3 11 Lighthouses, Harbour Works and Defences .. .. .. 1,140,075 6 1 Contingent Defence .. .. .. .. .. .. 1,036,976 19 5 Rates on Native Lands .. .. .. .. .. .. 68,67116 10 Thermal Springs .. .. .. .. .. .. 14,599 13 2 Tourist and Health Resorts .. .. .. .. .. 258,508 4 6 Lands Improvement .. .. .. .. .. .. 137,770 4 3 Plant, Material, and Stores .. .. .. .. .. 84,196 5 11 Charges and Expenses of raising Loans .. .. .. .. 1,253,072 10 5 Coal-mines .. .. .. .. .. .. .. 10,835 8 0 Interost and Sinking Fund .. .. .. .. .. 218,500 0 0 Payment to Midland Railway Bondholders .. .. .. 150,000 0 0 Irrigation and Water-supply .. .. .. .. .. j 20,404 16 10 Development of Water-power .. .. .. .. .. 18,450 14 1 £ s. d. 66,968.468 9 11 Balanoe on 31st March, 1917, — Cash in the Public Acoount .. .. .. .. .. 313,912 12 7 Imprests outstanding .. .. .. .. .. .. 5,612 3 7 Investment Acoount .. .. .. .. .. .. 200,000 0 0 i OU,»DO,tiOO 'J 11 521,524 16 2 66,968,468 9 11 521,524 16 2 l_ i £67,489,993 6 1 £67,489,993 6 1 •&V- I , JDJ , OkJ-J \i J.

8.—6

68

Table No. 7. Estimated Expenditure of the Consolidated Fund (Revenue Account) for 1917-18, compared with Actual Expenditure of 1916-17.

Table No. 8. Estimated Revenue of the Consolidated Fund (Revenue Account) for 1917-18, compared with the Actual Revenue of 1916-17.

I ._ .. | Differences. 'Estimate for 1917-1H. 'Estimate for 1917-18. Actual for 1916-17. tor 1916-17. Actual Increase. Decrease. Revenue Account. Permanent Appropriations,— £ Civil List .. .. .. .. .. .. 27,300 Interest and Sinking Fund .. .. .. .. 4,800,373 Under special Aots .. .. .. .. ..2,054,623 6,882,296 £ 27,300 4,800,373 2,054,623 £ 27,473 4,014,792 2,053,090 6,095,355 £ 27,473 4,014,792 2,053,090 £ 785',581 1,533 £ 173 6,882,296 6,095,355 787,114 173 Annual Appropriations,— Legislative Departments .. .. .. .. 37,266 Departments of Finance .. .. .. .. 191,065 Post and Telegraph Department .. .. .. 1,456,086 Working Railways Department .. .. .. 2,943,500 Publio Buildings, Domains, and Maintenance of Roads .. 113,440 Native Department .. .. .. .. .. 24,670 Justice Dopartment .. .. .. .. .. 497,008 Mines Department .. .. .. .. .. 31,127 Department of Intornal Affairs.. .. .. .. 517,185 Defence Department .. .. .. .. >. 515,673 Customs, Marine, and Inspection of Machinery Depart-! 187,644 ments Department of Labour .. .. .. .. 33,585 Department of Lands and Survey .. .. .. 248,731 Department of Agriculture, Industries, and Commerce .. , 220,375 Education Dopartment .. .. ' .. .. 1,483,051 37,266 191,065 1,456,086 2,943,500 113,440 24,670 497,008 31,127 517,185 515,673 187,644 34,939 106,722 1,368,490 I 2,871,977 94,939 24,191 459,915 28,278 474,965 438,656 169,864 32,725 192,992 216,897 1,406,264 34,939 106,722 1,368,490 I 2,871,977 94,939 24,191 459,915 28,278 474,965 438,656 169,864 2,327 84,343 87,596 71,523 18,501 479 37,093 2,849 42,220 77,017 17,780 33,585 248,731 220,375 1,483,051 8,500,406 32,725 192,992 216,897 1,406,264 860 55,739 3,478 76,787 .. .. 7,921,814 578,592 8,500,406 7,921,814 Servioes not provided for 41,601 41,601 1,365,706 41,774 41,774 Total .. .. .. .. 15,382,702 14,058,770 1,323,932

Estimate for 1917-18. Actual for 1916-17. Diffe: 'onces. Increase. Decrease. Revknue Account. Ordinary Revenue, — Customs .. Railways Stamps and Death Duties Postal and Tolegraph Land-tax Inoome-tax.. Beer Duty Amusement-tax Registration and other Fees .. Marine Miscellaneous Territorial Revenue Endowment Revenue Other Reoeipts £ 2,930,000 4,200,000 1,400,000 .. j 1,725,000 | ! 5,850,000 225,000 .. ; 80,000 100,000 44,000 450,000 175,000 93,800 10,000 £ 3,849,675 4,836,275 1,699,035 1,815,558 4,975,244 187,958 £ 874,756 ; 37,047 80,000 £ 919,675 636,275 299,035 90,558 108,044 43,742 518,063 - 215,787 85,971 32,200 258 7,829 8,044 65,063 40,787 22,200 999,890 2,084,637 999,890 1,084,747 Total .. | 17,282,800 18,367,547

8.—6

Table No. 9. Statement showing the Amount charged to "Unauthorized" in each Financial Year from 1st July, 1875, to 31st March, 1917.

69

Consolidate id Fund.—Bevenue Account. Financial Yuak. Otheu I Public Woiiks Accounts. Fund. Total. Services not provided for. Excess of Votes, i Total. 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 .. 1913-1914.. 1914-1915 .. 1915-1916.. 1916-1917.. £ s. d. .. 13,167 4 8 .. 18,397 17 1 .. 19,079 12 6 .. 11,413 16 1 5,818 9 9 6,151 13 9 3,899 16 3 4,473 15 8 7,293 9 9 .. 5,981 17 8 9,337 11 2 .. 14,337 19 7 7,303 17 10 3,521 18 2 4,412 5 3 .. 10,610 1 0 2,288 3 2 1,741 7 10 2,350 7 0 .. 8,985 3 7 .. 22,422 16 10 3,188 17 7 2,258 19 7 3,305 15 11 .. 11,187 13 8 .. 26,367 18 6 3,836 7 0 .. 9,027 5 4 3,344 11 0 6,215 4 8 8,576 16 7 4,989 9 1 4,133 3 3 .. 14,127 8 1 .. 15,324 5 7 .. 10,427 9 4 .. 20,332 3 1 2,506 15 0 4,730 15 8 .. 109,512 12 4 .. 30,865 10 2 .. 41,600 17 4 £ s. d. £ s. d. £ s. d. £ s. d. 19,195 17 1 32,363 1 9 3,155 9 2 63,875 11 8 13,398 7 0 31,796 4 1 3,490 6 1 ; 2,197 4 5 58,709 17 2 77,789 9 8 653 6 5 22,009 14 0 47,406 4 5 58,880 0 6 3,938 14 8 32,179 1 1 18,466 2 1 24,284 11 10 1,005 3 10 17,090 9 9 37,825 6 6 43,977 0 3 13,443 11 3 34,133 17 8 38,474 18 9 42,374 15 0 13,590 6 10 ■ 2,217 9 8 64,631 0 2 69,104 15 10 12,343 2 2 ! 8,137 17 11 45,284 2 6 52,577 12 3 9,003 18 7 I 31,741 17 10 39,039 17 11 45,021 15 7 7,103 15 8 872 0 11 47,106 10 3 56,444 1 5 13,965 10 1 6,465 17 5 38,117 13 5 52,455 18 0 6,212 16 7 28,633 10 8 42,104 15 10 4.9,408 13 8 27,821 10 11 30,407 2 8 35,157 16 5 38,679 14 7 13,506 2 8 18,633 2 10 43,257 1 0 47,669 6 3 23,631 7 1 12,287 18 10 70,778 5 11 87,388 6 11 5,459 18 11 7,097 19 9 21,020 1.6 4 23,314 19 6 I 9,183 10 6 7,594 1 2 28,283 15 11 30,025 8 9 ' 4,754 17 10 11,149 14 2 7,376 7 4 9,726 14 4 522 12 2 1,335 12 11 9,148 0 5 18,133 4 0 1,890 7 5 330 8 1 16,229 5 9 38,652 2 7 16,995 9 9 33,245 2 4 24,195 2 9 27,384 0 4 24,720 3 6 7,051 0 8 39,314 13 4 41,573 12 11 I 4,743 17 10 53,648 14 0 36,468 0 10 39,773 16 9 2,304 8 10 8,222 10 6 60,652 13 7 71,840 7 3 .. 7,990 18 7 62,788 3 2 89,156 18 662 7 7 17,518 3 7 68,866 10 9 72,702 17 9 253 8 10 6,955 4 10 101,076 10 4 110,103 15 8 200 0 0 12,837 8 6 47,775 11 4 51,120 2 4 2,248 0 6 9,584 9 11 22,109 12 2 ! 28,324 10 10 13,547 11 7 : 31,862 8 3 52,385 3 7 60,962 0 2 23,956 9 10 19,965 16 2 28,559 6 2 33,548 15 3 12,867 10 8 55,556 Id 10 37,713 8 11 ! 41,846 12 2 429 9 0 80,170 3 3 50,890 5 1 65,017 13 2 ; 15,257 11 1 16,641- 15 7 23,100 14 0 38,424 19 7 3,500 7 0 11,638 18 8 27,200 14 6 37,628 3 10 1,009 9 7 12,833 7 5 62,950 14 7 83,282 17 8 860 5 4 4,982 8 7 115,428 2 5 117,934 17 5 63 15 0 73,404 8 3 80,228 10 11 84,959 6 7 137 5 8 16,671 3 3 68,004 2 1 177,516 14 5 853 3 5 8,189 3 10 47,222 13 9 78,088 3 11 14,742 5 9 2,363 3 9 106,454 9 0 148,055 6 4 34,852 5 5 6,636 4 1 £ 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 3 107,637 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 0 2 101,973 0 9 122,446 4 5 96,916 19 10 53,564 5 3 51,471 0 10 89,125 11 7 191,403 0 8 101,767 15 6 186,559 1 8 95,193 13 5 189,543 15 10

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70

Table No. 10. Statement showing the financial position of the Dominion on the 31st March, 1917, as compared with the 31st March, 1916 : — [Note. —The term "liabilities" in these tables includes expenditure on public works for which contracts had been signed or material ordered on the 31st March, 1917.] CONSOLIDATED FUND. £ Balance on 31st March, 191(5 .. .. .. .. . . 2,166,077 Liabilities on 31st March, 1916 .. .. .. .. .. 295,763 Balance on 31st March, 1917 .. .. .. .. .. 6,474,854 Liabilities on 31st March, 1917 .. .. .. .. .. 272,743 STATE FORESTS ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 3,209 Liabilities on 31st March, 1916 .. . . . . . . 153 Balance on 31st March, 1917 .. .. .. 2,530 Unexhausted authority for raising loan . . . . 50,000 52,530 Liabilities on 31st March, 1917 .. .. . . .. Nil. STATE COAL-MINES ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. . . 34,960 Unexhausted authority for raising loan .. .. 25,000 59,960 Liabilities on 31st March, 1916 .. . . . . 10,000 Balance on 31st March, 1917 .. .. . . 68,125 Unexhausted authority for raising loan . . . . 25,000 93,125 Liabilities on 31st March, 1917 . . . . . . Nil. SCENERY PRESERVATION ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 997 Unexhausted authority for raising loan . . .. 16,000 16,997 Liabilities on 31st March, 1916 .. .. .. .. Nil. Balance on 31st March, 1917 . . .. .. .. 4,347 Unexhausted authority for raising loan .. .. 11,000 15,347 Liabilities on 31st March, 1917 .. .. .. .. Nil. PUBLIC WORKS FUND. £ £ Balance on 31st March, 1916 .. .. .. .. 1,293,102 Unexhausted authority for raising loan . . .. .. 545,100 1,838,202 Liabilities on 31st March, 1916 .. .. .. .. 677,666 Balance on 31st March, 1917 .. .. .. .. 521,525 Unexhausted authority for raising loan .. .. 745,100 1,266,625 Liabilities on 31st March, 1917 .. .. .. .. 506,933

B—6

71

Table No. 10 — continued. RAILWAYS IMPROVEMENTS AUTHORIZATION AOT 1914 ACOOUNT. £ £ Balance on 31st March, 1916 . . . . .. .. 8,246 Unexhausted authority for raising loan. . .. .. 1,352,000 1,360,246 Liabilities on 31st March, 1916 .. .. .. .. 215,792 Balance on 31st March, 1917 .. .. .. .. 29,884 Unexhausted authority for raising loan. . .. .. 2,612,000 2,641,884 Liabilities on 31st March, 1917 .. .. .. .. 97,296 WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 73,112 Unexhausted authority for raising loan .. .. .. 50,000 123,112 Liabilities on 31st March, 1916 .. .. .. .. 283 Balance on 31st March, 1917 .. .. .. .. 62,697 Unexhausted authority for raising loan.. .. .. 50,000 112,697 Liabilities on 31st March, 1917 .. .. 6,298 THE AID TO WATER-POWER WORKS ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 1,462 Unexhausted authority for raising loan .. .. 191,000 192,462 Liabilities on 31st March, 1916 .. .. .. .. 22,861 Balance on 31st March, 1917 .. .. .. .. 7,430 Unexhausted authority for raising loan .. .. 136,000 143,430 Liabilities on 31st March, 1917 .. .. .. .. 28,778 TELEGRAPH EXTENSION ACCOUNT. £ Balance on 31st March, 1917 .. .. . . . . . . 96,689 Liabilities on 31st March, 1917 .. .. .. .. 16,138 CHEVIOT ESTATE ACCOUNT. £ Balance on 31st March, 1916 .. .. .. .. . . 98,004 Balance on 31st March, 1917 .. .. .. .. .. 108,521 NATIONAL ENDOWMENT ACCOUNT. £ Balance on 31st March, 1916 . . .. .. .. 87,827 Liabilities on 31st March, 1916 . . .. .. .. 3,177 Balance on 31st March, 1917 . . .. .. .. 100,493 Liabilities on 31st March, 1917 .. .. .. .. 1,680 LAND FOR SETTLEMENTS ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 274,346 Unexhausted authority for raising loan .. .. . . 500,000 774,346 Liabilities on 31st March, 1916 .. .. .. .. 2,452 Balance on 31st March, 1917 .. . . .. .. 256,568 Authority for raising loan .. .. .. .. 500,000 756,568 Liabilities on 34st March, 1917 .. .. .. .. Nil.

8.—6.

Table No. 10 — continued. NATIVE LAND SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 17,884 Unexhausted authority for raising loan. . .. .. 500,000 517,884 Liabilities on 31st March, 1916 .. .. .. .. 1,106 Balance on 31st March, 1917 .. . . .. .. 32,462 Authority for raising loan . . . .. .. 500,000 532,462 Liabilities on 31st March, 1917 .. .. .. .. 433 LAND FOR SETTLEMENTS ACCOUNT. (Opening up Crown Lands for Settlement.) £ £ Balance on 31st March, 1916 .. .. .. .. 17,965 Unexhausted authority for raising loan .. .. .. 100,000 117,965 Liabilities on 31st March, 1916 .. .. .. .. 5,843 Balance on 31st March, 1917 .. .. .. .. 639 Authority for raising loan ... .. .. .. 100,000 100,639 Liabilities on 31st March, 1917 .. .. .. .. 9,874 HAURAKI PLAINS SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1916 . . .. .. .. 8,475 Unexhausted authority for raising loan.. .. .. 19,000 — 27,475 Liabilities on 31st March, 1916 .. .. .. .. 101 Balance on 31st March, 1917 .. .. .. .. 9,699 Unexhausted authority for raising loan .. .. .. 19,000 28,699 Liabilities on 31st March, 1917 .. .. .. .. 144 RANGITAIKI LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 5,835 Unexhausted authority for raising loan .. .. .. 19,000 24,835 Liabilities on 31st March, 1916 .. .. .. .. 116 Balance on 31st March, 1917 .. .. .. .. 1,176 Unexhausted authority for raising loan .. . . . . 2,000 3,176 Liabilities on 31st March, 1917 .. .. .. .. 29 WORKERS' DWELLINGS ACCOUNT. £ Balance on 31st March, 1916 .. .. .. .. .. 30,718 Balance on 31st March, 1917 .. .... .. .. .. 46,477 STATE ADVANCES ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 247,272 Loan-money to receive .. .. .. .. 773,200 Unexhausted authority for raising loan .. .. .. 3,250,000 4,270,472 Liabilities and commitments on 31st March, 1916 .. .. 533,315 Balance on 31st March, 1917 .. .. .. .. 262,534 Unexhausted authority for raising loan .. .. . . 3,250,000 Loan-money to receive .. .. • .. .. 1,266,515 4,779,049 Liabilities and commitments on 31st March, 1917 .. .. 362

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By Authority : Marcus F. Marks, Government Printer, Wellington.—l9l7.

10— B. 6.

Table No. 10 — continued. WAR EXPENSES ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 1,051,637 Unexhausted authority for raising loan.. .. .. 3,170,000 4,221,637 Liabilities on 31st March, 1916 .. .. .. .. 916,436 Balance on 31st March, 1917 .. .. .'. .. 4,562,762 Unexhausted authority for raising loan .. .. .. 1,377,950 5,940,712 Liabilities on 31st March, 1917 .. .. .. .. 3,415,111 MINING ADVANCES ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 526 Unexhausted authority for raising loan.. .. .. 20,000 20,526 Liabilities on 31st March, 1916 .. .. .. .. Nil. Balance on 31st March, 1917 .. .. .. .. 7,080 Unexhausted authority for raising loan .. .. .. 20,000 27,080 KAURI-GUM INDUSTRY ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 2,694 Unexhausted authority for raising loan .. .. .. 18,000 20,694 Liabilities on 31st March, 1916 .. .. .. .. 1,354 Balance on 31st March, 1917 .. .. .. .. 11,178 Unexhausted authority for raising loan .. .. .. 3,000 14,178 Liabilities on 31st March, 1917 ... .. .. .. 738 FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 7,627 Unexhausted authority for raising loan .. .. .. 25,000 32,627 Liabilities on 31st March, 1916 .. .. .. .. Nil. Balance on 31st March, 1917 .. .'. .. .. 882 Authority for raising loan .. .. .. .. 25,000 — 25,882 Liabilities on 31st March, 1917 .. .. .. .. Nil. DISCHARGED SOLDIERS SETTLEMENT AOCOUNT. £ £ Balance on 31st March, 1916 .. .. .. .. 1,000 Unexhaused authority for raising loan .. .. .. 49,000 50,000 Liabilities on 31st March, 1916 .. .. .. .. Nil. Balance on 31st March, 1917 .. .. .. .. 6,846 Unexhausted authority for raising loan.. .. .. 564,000 570,846 Liabilities on 31st March, 1917 .. .. .. .. 3,169 SWAMP LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 4,435 Authority for raising loan .. .. .. .. 75,000 79,435 Liabilities on 31st March, 1917 .. .. .. .. 61