PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1924-25.

Appendix to the Journals of the House of Representatives, 1925 Session I, B-01-part01

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1925. NEW ZEALAND

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1924-25.

PRESENTED TO PARLIAMENT IN ACCORDANCE WITH THE PUBLIC REVENUES ACT, 1910, AND THE NEW ZEALAND CONSTITUTION ACT.

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CONTENTS. ABSTRACT OP THE PUBLIC ACCOUNTS:— Receipts and Expenditure compared with Yeah 1923-1924, — Consolidated Fund— page Obdinary Rev:Bnue Account .. .. .. .. .. .. .. 4 State Coal-mines Account .. .. .. ~ .. .. .. .. 8 State Coal-mineb Sinking Fund Account .. .. .. .. .. 8 Scenery Preservation Account .. .. .. .. .. ~ .. 8 Nauru and Ocean Islands Account .. .. .. .. .. .. 10 Naubu and Ocean Islands Sinking Fund Account .. .. .. .. .. 10 Accounts op Local Bodies .. .. .. .. .. .. .. .. 10 Deposit Accounts .. .. .. .. .. .. .. .. .. 12 Public Woeks Fund :— General Purposes Account .. .. .. .. .. .. .. 14 Waihou and Ohinemuri Rivers Improvement Account .. .. .. .. 16 Electric Supply Account .. .. .. .. .. .. .. .. 16 Electric Supply Sinking Fund Account .. .. .. .. .. .. 16 Other Accounts :— Advances to other Governments Account .. .. .. .. .. .. 18 Bank of New Zealand Account .. .. .. .. .. .. .. 18 Cheviot Estate Account .. .. .. .. .. .. .. .. 18 Conversion Account .. .. .. .. .. • .. 20 Discharged Soldiebs . Settlement Account .. .. ... ... J. .. 20 Discharged Soldiebs Settlement Loans Act 1920 Depreciation Fund Account .. 22 Education Loans Account .. .. .. ... .. .. .. .. 22 General Purposes Relief Account .. .. .. .. .. .. 24 Hauraki Plains Settlement Account .. .. .. .. .. .. 24 Howard Estate Account .. .. .. .. .. .. .. .. 26 Hunter Soldiers' Assistance Trust Account .. .. .. .. .. 26 Kauri-gum Industry Account .. .. .. .. .. .. .. 26 Land Assurance Fund Account .. .. .. .. .. .. .. 26 Land fob Settlements Account .. .. .. .. .. .. .. 28 Land for Settlements Account (Discharged Soldiers Settlement Account) .. 30 Land for Settlements Account (Openino up Crown Lands for Settlement) .. 30 Loans to Employers for Workers' Dwellings Account .. .. .. .. 30 Loans Redemption Account .. .. .. .. .. .. .. 32 Main Highways Account Revenue Fund .. ... .. .. 54 Main Highways Account Construction Fund .. ~. ... ; 56 Mining Advances Account .. .. .. .. .... .. .. 56 National Endowment Account .. .. .. .. .. .. .. 56 National Endowment Trust Account .. .. .. .. .. .. 58 Native Land Settlement Account .. .. .. .. .. .. .. 58 Railways Improvement Authorization Act 1914 Account .. .. .. .. 60 Rangitaiki Land Drainage Account .. .. .. .. .. .. 60 Reserve Fund Account .. .. .. .. .. .. .. .. 60 Samoan Loan Suspense Account .. .. .. .. .. .. .. 62 State Advances Loan Account .. .. .. .. .. .. .. 62 State Forests Account .. .. .. .. .. .. .. .. 64 Swamp Land Dbainage Account .. .. .. .. .. .. .. 64 War Expenses Account .. .. .. .. .. .. .. .. 66 Westport Harbour Account .. .. .. .. .. .. .. 68 New Zealand Consols Account .. .. .. .. .. .. .. 68 Public Account Cash Balance Investment Account .. .. . ... . .. 68 Summary of Balances .. .. .. .. .. .. .. .. 70 Summary showing Net Expenditure compared with Year 1923-24 .. .. .. 71 NET ISSUES COMPARED WITH THE SUMS VOTED UNDER APPROPRIATION ACT, 1924 .. 72 CIVIL LIST ACT, 1920 .. .. ~ .. .. .. .. .. .. .. 76 UNAUTHORIZED EXPENDITURE ACCOUNT:— Consolidated Fund— Ordinary Revenue Account .. .. .. .. .. .. .. .. 78 State Coal-mines Account .. .. .. .. .. .. .. .. 80 Nauru and Ocean Islands Account .. .. .. .. .. .. .. 80 Public Works FundGeneral Purposes Account .. .. .. .. .. .. .. .. 80 Discharged Soldiebs Settlement Account .. .. .. .. .. .. .. 81 Govebnment Insurance Account .. .. .. .. .. .. .. .. 81 Public Service Superannuation Fund Account .. .. .. .. .. .. 81 State Fire Insurance Account .. .. .. .. .. .. .. .. 81 State Advances Account .. .. .. .. .. .. .. .. .. 81 Surplus Credits-in-aid applied in Terms of Section 22, Subsection (3), of the Appropriation Act, 1923 .. .. .. .. .. .. .. .. .. .. .. 81 SUMMARY OF CERTIFIED STATEMENTS OF LIABILITIES .. .. .. .. 82

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ABSTRACT OF THE REVENUE AND EXPENDITURE OF THE PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1925.

Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

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PUBLIC ACCOUNTS, 19 2 4-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924.

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1923-1924. RECEIPTS. 1924-1925. £ 8. d. Balanoe at beginning of Year.— £ s. d. £ s. d. 4,235,107 6 6 Cash in the Public Account .. .. .. .. .. .. 1,727,746 5 4 ' Imprests outstanding - 97,258 0 7 In the hands of Offioers of the Government .. .. .. .. 32,010 14 6 01,805 12 9 In London .. .. .. .. .. .. .. .. 120,620 7 S 1 212 918 14 0 Investment Account .. .. .. .. .. .. .. 3,074,336 10 8 1 4,954,713 17 9 5,637,089 13 10 Ordinary Revenue, — £ s. d. 7,238,215 5 2 Customs .. .. .. .. .. .. 7,569,388 13 11 3,343.781 9 8 Stamp and Death Duties .. .. .. .. 3,240,331 10 1 2,6<81,240 7 6 PoBtal and Telegraph Revenue .. .. .. 2,706,882 1 8 1,426,462 11 0 Land-tax .. .. .. .. .. .. 1,335,250 11 4 3781 531 13 5 Income-tax .. .. .. .. .. 3,386,051 13 8 '632,093 16 9 Beer Duty .. .. .. .. .. 650,384 2 9 6,954,468 18 2 Railways .. .. .. .. .. 7,105,106 5 2 215 321 1 8 Registration and other Fees .. .. .. 189,346 8 0 '90,934 11 3 Marine .. .. .. .. .. .. 105,060 8 7 645 891 17 2 Interest on Public Moneys .. .. 1,188,120 6 8 09 qr.i /j n Local Bodies'Loans Act, 1908, Section 76 .. .. 22,200 17 8 26'081 1 1 Rents of Buildings .. .. .. .. 23,265 19 3 47' 100 8 1 Tourist and Health Resorts .. .. .. 48,668 10 11 T) 7 Miscellaneous .. .. .. .. .. 231,534 0 8 ui.ioi u 1 27,801,591 10 4 27,227,436 14 0 222,377 19 2 Territorial Revenue.. .. .. .. .. .. .. .. 211,749 7 0 27,449,814 13 2 28,013,340 17 4 Departmental Receipts,— £ s. d. 174 810 12 11 Printing and Stationery Department .. .. .. 223,894 6 6 186'983 9 4 Justice Department .. .. .. .. .. 185,604 0 6 93 8 6 Patent Office 94 325 16 11 Stamp Duties Department .. .. .. .. .. 100,622 16 0 8 616 8 10 Native Department .. .. .. .. .. 8,876 17 6 j 518,998 0 6 464,829 16 6 £ s. d. 44,964 2 2 Recoveries on account of Expenditure of previous Years .. 34,511 2 1 Recoveries on account of Unauthorized Expenditure of Previous 762 0 7 Years .. .. .. .. .. .. .. 76,150 5 6 110,661 7 7 45,726 2 9 28,643,000 5 5 Credits in reduction, — Permanent Appropriations— Civil List .. .. .. .. .. .. .. .. 19 0 10 Debt Services — £ s. d. Interest .. .. .. .. .. .. 2,026,138 5 8 Amortization of Debt— Sinking Fund .. .. .. .. .. 48,615 19 10 Transfer to Loans Redemption Account for reduction of Funded Debt .. .. .. .. .. 411 19 8 —— 2,075,166 5 2 Under special Acts of the Legislature— Finance Act, 1921-22, Section 13 (Transfers to Advances £ s. d. to other Governments Account) .. .. .. 59,597 10 2 Miner's Phthisis Act, 1915 .. .. .. .. 2,554 17 10 Pensions Act, 1913 (Widows Pensions) .. .. .. 234 4 2 Pensions Act, 1913 (Old-age Pensions) .. .. .. 1,153 13 11 Public Service Classification and Superannuation Act, 1908, Section 49, and Amendments (Public Service) .. .. 58,194 0 8 War Pensions Act, 1915 .. .. .. .. 2,301 2 7 Miscellaneous special Acts .. .. .. .. 17,123 6 9 141,158 16 1 2,216,344 2 1 33,597,460 6 3 Carried forward .. .. .. .. .. .. 35,814,058 5 3 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

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5

PUBLIC ACCOUNTS, 1 924-1 925.

ORDINARY REVENUE ACCOUNT.

1923-1924. EXPENDITURE. 1924-1925. Net. i Gross. ! ■ I £ s. d. Permanent ApDronriationB,— £ s. d. £ s. d. 28,919 1111 Civil List.. .. .. .. .. .. .. .. .. '29,799 13 9 Debt Services— £ s. d. 7,877,596 12 7 Interest .. .. .. .. .. .. 9,891,400 10 0 Amortization of Debt — 711,709 6 11 SinkingFund .. .. .. .. .. 738,692 0 0 Transfer to Loans Redemption Aocount for reduotion of 292.571 5 9 Funded Debt .. .. .. .. .. 307,718 4 5 10,937,810 14 5 8,881,877 5 3 * Under special Acts of the Legislature— Subsidies paid to Local Bodies— £ s. d. 172,147 0 1 Appropriation Act, 1916, Section 9 .. .. .. 175,101 8 11 27,672 15 4 Munioipal Corporations Act, 1920, Section 72 .. .. 28,083 1 3 Subsidies paid to Hospital Boards— Hospitals and Charitable Institutions Act, 1909, 1910, and 412,944 19 7 1913 .. .. .. .. .. .. 576,611 8 4 Land Act, 1908— "Halves," "Thirds," and "Fourths" paid over to Local 16,039 18 3 Bodies'Deposit Accounts .. .. .. .. 13,206 19 10 Endowments— 4,831 17 2 New Plymouth Harbour Board Endowment Act, 1874 .. 5,260 11 2 32,561 9 6 Miner's Phthisis Act, 1915 .. .. .. .. 38,503 0 5 Pensions Aot, 1913 — 732,054 3 6 Old-age Pensions .. .. .. .. .. 768,945 11 2 202,364 5 11 Widows'Pensions .. .. .. .. .. 236,192 19 7 30,325 14 11 Military Pensions .. .. .. .. .. 26,835 14 4 Pensions Amendment Act, 1924 .. .. .. 1,035 12 6 1,306,651 19 3 War Pensions Act, 1915 .. .. .. .. .. 1,244,483 4 9 Public Service Classification and Superannuation Act, 1908, 136,000 0 0 Section 49 and Amendments (Public Service) .. .. 136,000 0 0 Public Service Classification and Superannuation Amend43,000 0 0 ment Act, 1908, Section 39 and Amendments (Teachers) .. 43,000 0 0 Public Service Classification and Superannuation Amendment 25,000 0 0 Act, 1909, Section 19 and Amendments (Railways) .. 25,000 0 0 Discharged Soldiers Settlement Loans Aot, 1920, Section 7 (transfer to Discharged Soldiers Settlement Loans Aot, 1920, Depreciation Fund Account) .. .. .. 50,000 0 0 Finanoe Act, 1921-22, Seotion 13 (transfer to Advanoes to 2,000 0 0 other Governments Acoount) Finanoe Act, 1923, Section 15 (1) (transfer to Main Highways Acoount—Revenue Fund) .. .. .. .. 35,000 0 0 Westport Harbour Act, 1920, and Finance Act, 1921, Section 4 17,000 0 0 (transfer to Westport Harbour Account) .. 379,182 11 9 Miscellaneous special Aots .. .. .. .. 483,984 15 1 3,887,244 7 4 3,539,776 15 3 \ 14,854,854 15 6 Annual Appropriations,— 51,603 8 1 Vote—Legislative Departments .. .. .. .. .. .. ! 70,604 13 3 34,077 8 1 „ Treasury Department .. .. .. .. .. .. 96,024 7 1 51,754 2 10 . Land and Income Tax Department .. .. .. .. .. 53,401 15 2 67,180 10 5 , Stamp Duties Department .. .. .. .. .. .. J 93,224 4 -1 21,383 8 3 „ National Provident and Friendly Sooieties Department .. .. | 22,445 9 7 5,153,140 10 9 „ Working Railways .. .. .. .. .. .. 6,456|306 2 3 2,117,951 16 7 . Post and Telegraph Working Expenses .. .. .. 3,009,634 16 6 92,656 18 0 . Publio Buildings .. .. .. .. .. .. .. I 177,777 7 5 4,738 7 8 „ Government Domains .. .. .. .. .. .; 5,791 17 2 63,157 12 4 „ Maintenance and Improvement of Roads .. .. .. .. j 38,316 17 3 2,317 14 7 „ Maintenance of Irrigation-works .. .. .. .. .. j 3,642 7 4 25,846 4 4 , Native Department .. .. .. .. .. .. .. j 37,534 12 4 22,974 15 0 „ Department of External Affairs .. .. .. .. .. | 41,640 17 11 17,445 12 5 „ Cook Islands .. .. .. .. .. .. .., 22,261 8 0 61,818 6 4 „ Department of Industries and Commerce .. .. .. ..j 178,645 13 9 43,802 2 8 „ Department of Justioe .. .. .. .. .. .. j 46,529 0 11 90,039 10 8 . Supreme and Magistrates'Courts .. .. .. .. .. j 97,103 11 1 78,430 7 11 „ Prisons Department .. .. .. .. .. .. .. 144,484 17 1 4,020 18 10 „ Crown Law Office .. .. .. .. .. .. .. 6,483 13 4 386,919 6 4 „ Police Department .. .. .. .. .. .. .. 404,999 14 7 100,466 0 7 j „ Pensions Department .. .. .. .. .. .. j 217,533 6 5 37,660 19 9 | . Mines Department .. .. .. .. .. .. .. 39,042 16 4 350,181 8 7 i , Department of Internal Affairs .. .. .. 357,616 7 7 18,930 8 2 „ Audit Department .. .. .. .. .. .. .. 42,602 12 4 5,876 13 5 . Public Service Commissioner's Office .. .. .. .. .. 8,086 17 9 179,237 15 6 ! „ Printing and Stationery .. .. .. .. .. .. 204,268 10 10 253,862 2 7 j , Mental Hospitals .. .. .. .. .. .. .. j 368,138 1 2 192,065 12 4 „ Department of Health .. .. .. .. .. .. j 340,688 4 11 285,723 2 0 . Naval Defence .. .. .. .. .. .. .. 310,073 1 9 348,631 13 0 \ , Defence Department .. .. .. .. .. .. ! 384,576 7 8 105,568 19 5 . Customs Department .. .. .. .. .. .. 157,820 10 4 10,269,463 17 5 12,450,573 12 5 Carried forward .. .. .. .. .. ..13,437,300 3 2 14,854,854 15 6 Noi'Ji. —In those accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

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PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

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1923 1924. RECEIPTS. 1924--1925, £ s. d. £ s. d. £ s. d. 33,597,460 6 3 Brought forward .. .. .. .. .. .. 35,814,058 5 3 Credits-in-Aid, — Vote—Legislative Departments .. .. .. .. .. .. 8,495 12 1 „ Treasury Department .. .. .. .. .. .. 44,071 0 6 „ Land and Income Tax Department .. .. .. .. .. 2,996 0 5 ,, Stamp Duties Department .. .. .. .. .. .. 7,318 16 7 „ National Provident and Friendly Societies Department .. .. 15 14 10 „ Working Railways .. .. .. .. .. .. 819,722 18 7 „ Post and Telegraph Working-expenses .. .. .. .. 596,199 1 11 „ Public Buildings .. .. .. .. .. .. .. 70,691 17 0 ] „ Government Domains .. .. .. .. .. .. 5 18 0 ,, Maintenance and Improvement of Roads .. .. .. .. 1,980 7 5 ,, Maintenance of Irrigation-works .. .. .. .. .. 1,416 1 10 „ Native Department .. .. .. .. .. .. 9,538 11 6 ,, Department of External Affairs .. .. .. .. .. 1,040 6 0 „ Cook Islands .. .. .. .. .. .. .. 875 2 7 „ Department of Industries and Commerce .. .. .. .. 64,484 5 11 ,, Department of Justice .. .. .. .. .. .. 1,655 1 4 ,, Supreme and Magistrates'Courts .. .. .. .. .. 10,760 14 0 „ Prisons Department .. .. .. .. .. .. 68,118 7 8 „ Crown Law Office .. .. .. .. .. .. 948 5 10 ,, Police Department .. .. .. .. .. .. 5,711 3 0 „ Pensions Department .. .. .. .. .. .. 123,085 12 1 ,, Mines Department .. .. .. .. .. .. 1,015 6 4 „ Department of Internal Affairs .. .. .. .. .. 51,976 4 0 „ Audit Department .. .. .. .. .. .. 19,234 16 5 „ Public Service Commissioner's Office .. .. .. .. 2,028 16 9 „ Mental Hospitals .. .. .. .. .. .. .. 123,806 13 3 ,, Department of Health .. .. .. . .. .. 111,656 13 0 „ Naval Defence .. .. .. .. .. .. .. 26,716 19 5 „ Defence Department .. .. .. .. .. .. 13,670 7 3 „ Customs Department .. .. .. .. .. .. 1,632 3 4 „ Marine Department .. .. .. .. .. .. 4,294 17 1 ,, Department of Labour .. .. .. .. .. .. 1,557 2 11 „ Department of Lands and Survey .. .. .. .. .. 107,107 4 0 „ Scenery Preservation .. .. .. .. .. .. 060 ,, Valuation Department .. .. .. .. .. 3,769 19 7 „ Electoral Department .. .. .. .. .. .. 39 10 9 „ Department of Agriculture .. .. .. .. .. 104,794 7 11 ,, Tourist Department .. .. .. .. .. .. 262 1 1 „ Education Department .. .. .. ... .. .. 265,336 8 7 2,678,030 16 9 Credits in reduction — Unauthorized expenditure .. .. .. .. .. 6,234 13 5 I j 2,684,265 10 2 Temporary transfer to Discharged Soldiers Settlement Account in terms of Seotion 56 50,000 0 0 of the Public Revenues Act, 1910, now restored to the Consolidated Fund Fimmce Act, 1923, Section 7, Subsection (3), — Amount transferred in 1922-23 to Loans Redemption Acoount for redemption of Debentures as under, now recovered from Native Land Settlement Acoount— 1,500 0 0 Maori Land Settlement Act, 1905 21,100 0 0 Native Land Amendment Act, 1913 22,600 0 0 I Public Revenue's Act, 1910, Section 39,— 2,250,000 0 0 Treasury Bills issued .. .. .. .. .. .. .. 2,300,000 0 0 .. Peceipts under Scotion 39 of the Finance Act, 1924 .. .. .. .. .. 300 10 11 i5,920,060 6 3 Carried forward .. .. .. .. .. .. .. 40,798,624 6 4 Note. — In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. If or the purposes of comparison a summary showing the net expenditure will be found on page 71.

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PUBLIC ACCOUNTS, 1 924- 1 925.

ORDINARY REVENUE ACCOUNT—continued.

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1923-1924. EXPENDITURE. 1924-1925. Net. Gross. f d. £ s. d. £ a. d. \12,46!) ,573 12 5 Brought forward .. .. .. 13,437,300 3 2 14,854,854 15 6 !10.269,463 11 5 Annual Appropriations—continued. 117,649 U 10 Vote—Marine Department.. .. .. .. .. .. .. 123,757 18 2 39,342 2 7 . Department of Labour .. .. .. .. .. .. 47,029 12 0 154,922 9 11 » Department of Lands and Survey .. .. .. .. .. 275,549 12 6 Scenery-preservation .. .. .. .. .. .. 2,981 3 3 53,348 0 1 • Valuation Department .. .. .. .. .. .. 53,118 18 5 8,810 15 11 » Electoral Department .. .. .. .. .. .. 7,373 6 2 199,557. 5 1 » Department of Agriculture .. .. .. .. .. .. 359,919 14 2 60 445 6 6 • Tourist Department .. .. .. .. .. .. 66.555 10 11 2,604,508 1 4 • Education Department .. .. .. .. .. ,. 3,042,607 0 5 13,SOS,047 11 8 17,416,192 19 2 Unauthorized expenditure— 189,384 4 5 Services not provided for .. .. .. .. .. .. .. 28,761 9 2 — 17,444,954 8 4 13,697,431 16 1 Amortization of Debt, — Transfer to Loans Redemption Account for redemption of Debentures as under— New Zealand Loans Act, 1908— Aid to Public Works and l and Settlement Act, 1902 .. .. .. 12,200 0 0 12 200 0 0 Aid to Public Works and Land Settlement Act, 1903 .. .. .. 700 0 0 565 500 0 0 Aid to Public Works and Land Settlement Act, 1904 2'000 0 0 Aid to Public Works and Land Settlement Act, 1906 ' Aid to Public Works and Land Settlement Act, 1907 .. .. .. 200 0 0 $25 0 0 Finance Act, 1915, Section 105 (Public Works) 40 000 0 0 Land for Settlements Act, 1908.. .. .. .. .. .. 159 150 0 0 War Purposes Loan Act, 1917 .. New Zealand Inscribed Stock Act, 1917 — 2,500 0 0 Discharged Soldiers Settlement Loans Act, 1920 —J t 13,100 0 0 i 781,675 0 0 Transfer to Loans Redemption Account for redemption and cancellation, in terms of Seotion 24 of the Finance Act, 1921-22, of Securities as under— New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act, 1921 .. .. .. 200,000 0 0 Finance Act, 1910 (No. 2), Seotion 30 (Cold Storage) .. .. .. 7,500 0 0 Fishing Industry Promotion Act, 1919 .. .. .. .. .. 359 8 11 Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Seotion 80 .. 4,494 6 2 Housing Act, 1919, Section 30 .. .. .. .. .. .. 16,748 2 7 New Zealand Consolidated Stock, 1929 (nominal value £350,000) .. .. 334,236 15 2 7 940 0 0 Finanoe Act, 1915, Section 105 (Publio Works), (nominal value, £8,000) Public Works Act, 1908— 86,250 0 0 Paeroa-Waihi Railway 53,476 0 0 Waikaka Branch Railway 100,000 0 0 Scenery Preservation Act, 1908 .. 23 000 0 0 Scenery Preservation Act, 1908, and Finance Aot, 1921-22, Section 23 lo'000 0 0 Scenery Preservation Aot, 1908, and Finance Act, 1921-22, Section 21 New Zealand Insoribed Stock Act, 1917 —• I 275 000 0 0 War Purposes Loan Act, 1917 ' ! 563,338 12 10 586,666 0 0 Transfer to Loans Redemption Acoount for redemption of New'Zealand Consols matured— New Zealand Consols'Act, 1908, Section 36 .. .. .. .. .. 475,491 14 0 Transfer to Loans Redemption Account of amount unclaimed on Ne* Zealand Government Bonds matured (to be applied in reduction of Public Debt) .. .. 200 0 0 Transfer to Public Works Fund (General Purposes Aocount) in terms of Seotion 14 1,000,000 0 0 of the Appropriation Act, 1923 .. .. .. .. .. .. .. 1 Transfer to PublicjWorks Fund (General Purposes Aocount) in terms of Section 17 of the Appropriation Aot, 1924 .. .. .. .. .. .. .. 1,000,000 0 0 -- Transfer to Education Loans Account in terms of Seotion 15 of the Appropriation j 100,000 0 0 Act, 1923.. Public Revenues Aot, 1910, Section 56, — 50,000 0 0 Temporary transfer to Discharged Soldiers Settlement Account Transfer to Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund 50.000 0 0 Account in terms of Section 7 of the Discharged Soldiers Settlement Loans Aot, 1920 .. .. 28.715.346 8 6 Carried forward .. .. .. .. .. .. 34,351,939 10 8' Note. — In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure arc shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

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PUBLIC ACCOUNTS, 1 924-1 9215 .

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the

8

ORDINARY REVENUE _ . 1923-1924. RECEIPTS, 1924-1925. £ s <1 £ s. d. £ s. d. 35,020,060 6 3 \ Brought forward .. .. .. .. .. j .. 40,798,624 6 4 I Repayment of advance made to Otago University under Finance Act, 1921-22, Section 36 .. .. .. .. .. .. .. .. .. 4,000 0 0 j Finance Aot, 1923, Section 9, Subsection (3)— Balance of Scenery Preservation Account transferred .. .. .. .. .. 3,144 8 5 Amount unclaimed on New Zealand Government Bonds matured .. .. .. 200 0 0 j i . j 1 £35,920,060 6 3 Totals .. .. .. .. .. .. j .. j£40,805,968 14 9 STATE COAL- £ 4. d. Balance at beginning of Year, — £ s. d. £ s. d. I 13,524 5 2 Gash in the Public Aooount .. .. .. .. .. .. 16,639 4 1 Imprests outstanding— 6,820 7 5 In the hands of Officers of the Government .. .. .. .. 100 0 0 i 10,000 0 0 Investment Account .. .. .. .. .. .. 20,000 0 0 I ! ! 36,739 4 1 I 30,344 12 7 j Credits-in-Aid— Vote —State Coal-mines .. .. .. .. .. .. .. .. ! 2,163 6 3 5'J4 0 0 Recoveries on account of Expenditure of previous Years .. .. .. .. 85 4 0 i 298,837 11 7 Rents, Royalties, Sale of Coal, Coke, Wood, Ac. .. .. .. .. .. ! 264,501 12 2 | 607 17 11 Interest on Securities held by Investment Account .. . „ .. .. .. ; 974 4 11 ' £330,384 2 1 Totals .. .. .. .. .. .. .. j £304,463 11 5 STATE COAL-MINES £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. 406 16 6 24,980 (J 0 Investment Aocount .. .. .. .. .. .. .. 35,000 0 0 35,406 16 C 1,322 16 6 Interest on Securities held by Investment Account .. .. .. .. .. 1,709 15 8 Finance Aot, 1921-22, Section 17, — 9,104 0 0 Transfer from State Coal-mines Acoount .. .. .. .. .. .. 4,552 0 0 £35,406 16 6 Totals .. .. .. .. .. .. .. £41,668 12 2 SCENERY PRESERVATION - | ■ - : : | £ «. d. Balance at beginning of Year,— £ s. d. £ s. d. 4,139 19 0 Cash in the Publio Aocount .. .. .. .. .. 3,144 8 5 48 10 9 Recoveries on account of Expenditure of previous Years .. .. .. 2,175 18 4 Rents £6,364 8 I Totals .. .. .. .. .. .. .. £3,144 8 5 Note.—-In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deduoted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 924-1 925.

Year ended 31st March, 1925, compared with the Year ended 31st March, 1924 —continued.

9

ACCOUNT —continved. 1923-1924. EXPENDITURE. 192 n 4 " 1925 - Net. Gross. I I q £ s. d. £ s. d. £ s. d. 28,715,346 8 6 Brought forward .. .. .. .. .. .. 84,3-51,939 10 8 Publio Revenues Act, 1910, Section 39, — 2,250,000 0 0 Treasury Bills redeemed .. .. .. .. .. .. .. .. 2,300,000 0 0 Adjustment of amount erroneously oredited to Scenery Preservation Account in previous years .. .. .. .. .. .. .. .. .. 3,223 1 7 Balance at end of Year, — 1,727,746 5 4 Cash in the Publio Aooount .. .. .. .. .. .. 1,113,219 4 4 Imprests outstanding— 32,010 14 6 In the hands of Officers of the Government .. .. .. .. 33,255 4 4 120,620 7 3 In London .. .. .. .. .. .. .. .. 271,395 16 7 3,074,336 10 8 Investment Account .. .. .. .. .. .. .. 2,732,935 11 3 — 4,150,805 16 6 4,954,713 17 9 £35,920,060 6 3 Totals .. .. .. .. .. .. .. £40,805,968 14 9 MINES ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ a. d. 275,272 18 7 Vote—State Coal-mines .. .. .. .. .. .. .. 268,084 8 1 Unauthorized—Services not provided for .. .. .. .. .. 500 0 0 268,584 8 1 9,251 19 2 Recoupment of Interest under the Finance Act, 1919, Seotion 4 .. .. .. .. 9,25119 2 16 0 3 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 0 12 9 Amortization of Debt, — Finance Act, 1921-22, Section 17— 9,104 0 0 Transfer to State Coal-mines Sinking Fund Aooount .. .. .. .. 4,552 0 0 Balanoe at end of Year, — 16,639 4 1 Cash in the Publio Acoount .. .. .. .. .. .. 11,214 11 5 Imprests outstanding— Iqq 0 0 In the hands of Officers of the Government .. .. .. .. 100 0 0 In London .. .. .. .. .. .. .. .. 760 0 0 20 000 0 0 Investment Account .. .. .. .. .. .. .. 10,000 0 0 ' 22,074 11 5 36,739 4 1 £330,384 2 1 Totals .. .. .. .. .. .. .. £304,463 11 5 SINKING FUND ACCOUNT. £ a. d. Balance at end of Year, — £ s. d. £ s. d. 406 16 6 Cash in the Public Aooount .. .. .. .. .. .. 188 12 2 35,000 0 0 Investment Account .. .. .. .. .. .. .. 41,480 0 0 " 41,668 12 2 35,406 16 6 £35,406 16 6 ToUls .. .. .. .. .. .. .. £41,668 12 2 ACCOUNT. £ e. d. Annual Appropriation,— £ s. d. £ a. d. 3,119 19 8 Vote—Soenery-preservation .. .. .. .. 100 0 0 Unauthorized—Services not provided for 3 219 19 8 Finance Act, 1923, Section 9, Subsection (3), — ■ Transfer of balance of Scenery Preservation Acoount to Consolidated Fund, Ordinary Revenue Acoount .. .. .. .. .. .. .. 3,144 8 5 Balanoe at end of Year, — 3,144 8 5 Cash in the Publio Aooount £6,364 8 1 Totals .. .. .. .. .. .. .. £3,144 8 5 " . i Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

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PUBLIC ACCOUNTS, 1924-1925

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the

10

NAURU AND OCEAN | ' | ' i 1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — j £ s. d. £ e. d. 10,077 9 0 Cash in the Public Account .. .. .. .. .. .. 754 3 7 Imprests outstanding— 317 1 1 In the Dominion .. .. .. .. .. .. , Investment Account .. .. .. .. .. .. .. 40,000 0 0 — 40,754 3 7 16,394 10 1 61,981 3 2 Proceeds of Sale of Phosphates * ■ Contributions by the British Phosphate Commission towards Interest and Sinking J 35,849 1 1 Fund .. .. .. .. .. .. .. .. ..I .. 35,848 11 2 382 11 6 Interest on Securities held by Investment Account .. .. j 2,280 5 0 ! £114,607 5 10 Totals .. .. .. .. .. .. .. j £78,882 19 9 * The trading operations of the Nauru and Ocean Islands Account NAURU AND OCEAN ISLANDS £ a. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. 57 5 5 Investment Account .. .. .. .. .. .. .. 7,170 0 0 7,227 5 5 : 48 19 6 Interest on Securities held by Investment Account .. .. .. .. .. 463 3 1 j 7,178 5 11 Transfer from Nauru and Ocean Islands Account .. .. .. 5,848 11 2 I £7,227 5 5 Totals .. .. .. .. .. .. .. £13,538 19 8 ACCOUNTS OF £ s. d. Balance at beginning of Year, — £ S. d. £ s. d. | 9,279 12 1 Cash in the Public Acoount .. .. .. .. .. .. .. 14,471 13 10 | Revenue received for Local Bodies, — 206 10 0 Fees, Fines, &c. .. .. .. .. .. .. .. .. 141 10 0 Endowments of Land, &c... .. .. .. .. 18 3 4 19,126 8 11 Goldfields Revenue .. .. .. .. .. .. .. 16,291 19 4 ll',S45 3 10 Gold Duty .. .. .. .. .. .. .. 8,641 18 11 25,093 11 7 31,178 2 9 Receipts from Mining Districts Land-occupation Licenses .. .. .. •• 801 14 4 Counties Separate Account, — 58 3 0 Revenue of Counties in which the Counties Act, 1908, is not in full operation .. —— Public Revenues Act, 1910, Section 131,— Advance Accounts— 170 0 3 Amount repaid by Local Bodies .. .. .. .. .. .. .. 431 19 11 £40,685 18 1 TotalB .. .. .. .. .. .. .. £40,798 19 8: Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown fis receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71,

11

B.—l TPT. 11.

PUBLIC ACCOUNTS 1924-1925.

Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

3—B. 1 [FT. I].

ISLANDS ACCOUNT. f j : 1928-1924. EXPENDITURE. 1924-1925. Net. Gross. £ 3. d. Annual Appropriation,— ! £ s. d. £ s. d. 36,674 16 4 Vote —Nauru and Ocean Islands* .. .. .. .. .. .. .. 1,317 18 1 30,000 0 0 Recoupment of Interest under the Pinanoe Act, 1919, Seotion 4 .. .. .. .. 30,000 0 0 Amortization of Debt, — 7,178 5 11 Transfer to Nauru and Ocean Islands Sinking Fund Account .. .. .. .. 5,848 11 2 Balance at end of Year, — 754 3 7 Cash in the Publio Account .. .. .. .. .. .. 1,716 10 6 40,000 0 0 Investment Account .. .. .. .. .. .. .. 40,000 0 0 41,716 10 6 40,754 3 7 £114,607 5 10 Totals .. .. .. .. .. .. .. £78,882 19 9 are now controlled by the British Phosphate Commission. SINKING FUND ACCOUNT. £ s. d. Balance at end of Year, — £ a. d. £ s. d. 57 5 5 Cash in the Publio Aocount .. .. .. .. .. .. 288 19 8 7,170 0 0 Investment Aocount .. .. .. .. .. .. .. 13,250 0 0 — — j 13,538 19 8 7,227 5 5 ' £7,227 5 5 Totals .. .. .. .. .. .. .. £13,538 19 8 LOCAL BODIES. £ s. d. Revenue paid over to Looal Bodies, &o., — £ s. d. £ s. d. 746 3 4 Pees, Pines, &o. .. .. .. .. .. . • .. ■. 201 7 4 89 4 11 Endowments of Land, &c. .. .. .. .. .. .. .. 31 2 2 17,874 16 2 Goldflelds Revenue .. .. .. .. .. .. .. 15,825 4 10 7 334 11 3 Gold Duty .. .. .. .. .. .. .. .. 13,754 18 1 ___! 29,812 12 5 26,044 15 8 Counties Separate Aocount, — Amount distributed amongst Local Bodies where the Counties Aot, 1908, is not 75 17 4 in full operation Advance Accounts, — 93 11 3 Payments on behalf of Looal Bodies .. .. .. .. .. .. 424 11 6 Balanoe at end of Year,— 14,471 13 10 Cash in the Publio Aooount .. .. .. .. .. •• •• 10,561 15 9 £40,685 18 1 Totals .. .. .. .. .. .. •• £40,798 19 8 Note. In these accounts the oredits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown %s receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

12

! I : V ■ I 1923-1924. RECEIPTS. 1924 1925. £ s. d. Balanoe at beginning of Year, — £ s. d. i s. d. 70,510 16 4 Cash in the Public Account .. .. .. .. .. .. 57,539 8 8 Imprests outstanding— 25,424 19 9 In the Dominion .. .. .. .. .. .. .. 78,729 8 11 26,973 16 8 In London .. .. .. .. .. .. .. .. 16,332 14 1 Investment Aocounts— £ s. d. 233,000 0 0 Various Deposit Aocounts.. .. .. .. .. 331,500 0 0 Distribution of Wool Profits Account .. .. .. 24,170 0 0 56,790 0 0 German Currency.. .. .. .. .. .. 56,790 0 0 30,680 0 0 Miscellaneous (Belgian Relief Fund) .. .. .. 30,680 0 0 1,600 0 0 New Zealand University Endowment, Westland .. .. 1,600 0 0 Rotorua College and Grammar School Acoount .. .. 1,900 0 0 Samoan Loan Sinking Fund Account .. .. .. 1,420 0 0 448,060 0 0 444,979 12 9 600,661 11 8 Lodgments,— 3,255 13 4 Admiralty Prize-money Account .. .. .. .. .. .. 3,791 0 0 7,988 4 4 Canteen and Regimental Trust Board .. .. .. .. .. 12,297 1 10 50 0 0 Coal-mines Amendment Aot, 1922, Section 23 .. .. .. .. 25 0 0 6,609 11 3 Dairy-produce Export Control Aot, 1923 .. .. .. .. .. 56,363 12 0 Deposits on Contraots .. .. .. .. .. .. .. 3,107 2 10 1,012 12 2 Distribution of Wool Profits .. .. .. .. .. .. 1,208 10 0 Eduoation Reserves Amendment Aot, 1914— Primary-education Endowments— 115,004 6 5 Seotion 2 (Rents) .. .. .. .. .. .. .. 116,099 2 6 10 0 6 Seotion 3 (Sales) .. .. .. .. .. .. .. 652 14 11 Secondary-eduoation EndowmentsSection 2 (Rents) — £ s. d. 1,791 7 5 Auokland Provincial District.. .. .. .. 1,765 17 7 1,263 5 10 Taranaki Provincial District .. .. .. .. 1,162 1 0 2,756 4 2 Wellington Provincial District .. .. .. 2,351 13 0 1,978 8 6 Hawke's Bay Provincial District .. .. .. 2,036 14 5 418 2 7 Nelson Provincial Distriot .. .. .. .. 413 12 2 94 1 0 Marlborough Provincial Distriot .. .. .. 94 2 0 157 17 6 Westland Provincial District .. .. .. 523 7 2 1,105 9 1 Otago Provincial Distriot .. .. .. .. 1,214 4 9 9,561 12 1 Seotion 3 (Sales) — Auckland Provinoial Distriot .. .. .. .. .. .. 500 59,818 13 10 Emigrants .. .. .. .. .. .. .. .. 77,262 4 3 Fisheries Act, 1908.. .. .. .. .. .. .. .. 059 50 0 0 General Assembly Library .. .. .. .. .. .. .. 150 0 0 2,686 1 0 German Currenoy .. .. .. .. .. .. .. .. 1,534 1 0 97 4 10 Gold Duty Suspense .. .. .. .. .. .. .. 5,728 11 11 Hauraki Plains Drains Deposit Acoount .. .. .. .. .. 60 0 0 851 16 1 Hospitals and Charitable Institutions Aot, 1909 .. .. .. 376 1 5 Immigration Restriction Act, 1908 .. .. .. .. .. .. 1,790 0 0 6 12 9 Imperial Government Scheelite-supply .. .. .. .. .. 35 12 8 76 13 6 Imperial Government Wool-supply .. .. .. .. .. .. 97 8 9 1,629 5 6 Land Aot, 1908—Mining Distriots Land Occupation .. .. .. .. 1,644 6 10 2,897 2 6 Loans Stamp Duty Account .. .. .. .. .. .. 2,080 17 6 27,596 4 11 Meat-export Control Act, 1921-22 .. .. .. .. .. .. 27,735 0 5 783,131 19 1 Miscellaneous .. .. .. .. .. .. .. .. 232,984 2 1 25,060 3 5 Money-order Settlement .. .. .. .. .. .. 38,060 17 6 National Health Insurance Stamps .. .. .. .. .. .. 152 15 1 611 1 7 Naval Remittances Aocount .. .. .. .. .. 6,391 10 2 39 10 0 Nelson Rifle Prize Fund .. .. .. .. .. .. .. 39 18 4 75 0 0 New Zealand University Endowment, Westland .. .. .. .. 82 9 6 320 0 0 North Island Experimental Dairy School .. .. . ., .. 245 0 0 7,327 3 4 OposBum Fees .. .. .. .. .. .. .. .. 6,073 1 10 Payments through the High Commissioner .. .. .. .. .. 1,332,052 5 4 Post Offioe Savings-bank Deposits .. .. .. .. .. .. 99,009 14 3 67 9 10 Public Trust Office Remittance 106,717 13 10 Purchase of Wheat Aocount .. .. .. .. .. .. 1,213,078 19 6 Receipts by the High Commissioner for payment in"New Zealand .. .. 307,078 9 3 Remittances to Immigrants.. .. .. .. .. .. .. 2,546 9 1 30,000 0 0 Receiver-General's Deposit Account.. .. .. .. .. .. 26,000 0 0 2,891 8 11 Rotorua College and Grammar School Aocount .. .. .. .. 1,662 7 1 1,455 8 10 Samoan Loan Sinking Fund Acoount .. .. .. .. .. 1,614 11 6 94,738 2 11 Samoan Treasury .. .. .. .. .. .. .. .. 73,703 15 1 Stipendiary Magistrates Pensions .. .. .. .. .. .. 133 15 9 678 2 11 Taranaki Scholarships Endowment .. .. .. .. .. .. 816 12 4 Tauranga Eduoational Endowment Reserves Act, 1896 .. .. .. 372 2 2 72 8 0 Thermal Springs Districts Act, 1910 .. .. .. .. .. 128 19 3 287 9 10 Trentham Canteen Funds .. Trustee Act, 1908 .. .. .. .. .. .. .. .. 199 6 4 Unclaimed Earnings .. .. .. .. .. .. .. 579 4 8 Unemployment Stamps .. .. .. .. .. .. .. 57 0 3 Unpresented Cheques .. .. .. .. .. .. .. 403 5 0 3,671,071 18 0 1,292,678 1 6 £1,737,657 14 3 Totals .. £4,271,733 9 8 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

DEPOSITS ACCOUNT.

13

1923-1924. EXPENDITURE. 1924-1925. Net. J Gross. £ s. d. Withdrawals, — £ s. d. £ s. d. 3,255 13 4 Admiralty Prize-money Account .. .. .. .. .. .. 3,791 0 0 43 19 10 Assets of Enemy Businesses 2,592 7 7 Canteen and Regimental Trust Board .. .. .. .. .. 29,621 8 8 Coal-mines Amendment Act, 1922, Scction 23 .. .. .. .. 15 0 0 Dairy-produce Export Control Aot, 1923 .. .. .. .. .. 54,157 0 1 Deposits on Contracts .. .. .. .. .. .. .. 3,107 2 10 79 13 3 Distribution of Wool Profits .. .. .. .. .. .. 2 19 6 Education Reserves Amendment Act, 1914— Primary-education Endowments— 115,004 6 5 Section 2 (Rents) .. .. .. .. .. .. .. 116,099 2 6 Section 3 (Sales) .. .. .. .. .. .. .. 41 18 9 Secondary-education EndowmentsSection 2 (Rents) — £ s. d. 1,851 3 7 Auckland Provincial District .. .. .. .. 1,951 3 0 1,225 13 6 Taranaki Provincial District .. .. .. .. 1,231 6 10 2,617 17 6 Wellington Provincial District .. .. .. 2,885 17 1 2,119 13 3 Hawke's Bay Provincial District .. .. .. 2,059 6 11 392 5 7 Nelson Provincial District .. .. .. .. 408 4 10 95 12 4 Marlborough Provincial District .. .. .. 94 5 8 161 19 2 Westland Provincial District .. .. .. .. 36 10 4 1,126 10 4 Otago Provincial District .. .. .. .. 1,117 14 3 9,784 8 11 57,157 4 11 Emigrants .. .. .. .. .. .. .. .. 76,113 7 11 3 11 Fisheries Act, 1908 .. .. .. .. .. .. .. 059 75 0 0 General Assembly Library Fund .. .. .. .. .. .. 150 0 0 3,185 11 0 German Currency .. .. .. .. .. .. .. .. 1,664 11 0 2 18 2 Gold Duty Suspense .. .. .. .. .. .. .. 6,178 18 3 145 0 0 Hospitals and Charitable Institutions Act, 1909 .. .. .. .. 846 10 8 Immigration Restriction Act, 1908 .. .. .. .. .. .. 1,010 0 0 1,460 17 9 Imperial Government Meat-supply .. .. .. .. .. 4 15 1 Imperial Government Soheelite-supply .. .. .. .. .. 37 10 4 963 6 6 Imperial Government Wool-supply .. .. .. .. .. .. 206 17 4 755 9 9 Land Aot, 1908—Mining Districts Land Occupation .. .. .. .. 17,151 17 2 5,794 5 0 Loans Stamp Duty Account .. .. .. . .. 4,434 5 7 30,131 0 10 Meat-export Control Act, 1921-22 .. .. .. .. .. .. 28,083 0 6 770,681 14 7 Miscellaneous .. .. .. .. .. .. .. 274,922 6 10 19,461 19 5 Money-order Settlement .. .. .. .. .. .. .. 45,287 1 11 National Health Insurance Stamps .. .. .. .. .. .. ' 138 1 2 Naval Remittances .. .. .. .. .. .. .. 5,545 3 10 Nelson Rifle Prize Fund .. .. .. .. .. .. .. 154 13 4 7,312 3 4 Opossum Fees .. .. .. .. .. .. .. .. 6,088 1 10 Payments through the High Commissioner .. .. .. .. .. 1,323,812 9 9 Post Office Savings-bank Deposits .. .. .. .. .. .. 87,338 14 3 3,265 9 10 Public Trust Office Remittance 7,140 13 7 Purchase of Wheat Aocount .. .. .. .. .. .. 1,311,583 11 8 Railways Acoount .. .. .. .. .. .. .. .. 2,840 0 0 Reoeipts by the High Commissioner for payment in New Zealand .. .. 303,997 5 0 Receiver-General's Deposit Account .. .. .. .. .. .. 25,000 0 0 Remittances to Immigrants .. .. .. .. .. .. 2,056 19 1 Rotorua College and Grammar School .. .. .. .. .. 10 0 0 39 16 9 Sale of Admiralty Stores .. .. .. .. .. .. .. 26,860 14 10 95,094 14 2 Samoan Treasury .. .. .. .. .. .. .. .. 84,769 16 3 Special Coal-rates—Greymouth Harbour Board Aot, 1884 .. .. .. 255 5 6 Stipendiary Magistrates' Pensions .. .. .. .. .. .. 133 15 9 657 7 7 Taranaki Scholarships Endowment .. .. .. .. .. .. 792 6 4 450 0 0 Tauranga Educational Endowment Reserves Act, 1896 1,227 16 0 Thermal Springs Distriot Act, 1910 .. .. .. .. .. .. 81 17 0 1,231 9 1 Trentham Canteen Funds .. 187 13 6 Trustee Act, 1908 Unclaimed Earnings .. .. .. .. .. .. .. 283 5 1 Unemployment Stamps .. .. .. .. .. .. .. 32 9 10 Unpresented Cheques .. .. .. .. .. .. .. 94 19 9 — 3,854,576 4 9 1,136,996 2 7 Balance at end of Year, — 57,539 8 8 Cash in the Public Aocount .. .. .. .. .. .. 2,361 10 11 Imprests outstanding— 78,729 8 11 In the Dominion .. .. .. .. .. .. .. 166 13 4 16,332 14 1 InLondon .. .. .. .. .. .. .. .. 14,429 0 8 Investment Accounts — £ s. d. 331,500 0 0 Various Deposit Aocounts .. .. .. .. 262,350 0 0 24,170 0 0 Distribution of Wool Profits Account .. .. .. 24,170 0 0 56,790 0 0 German Currency .. .. .. .. .. 56,790 0 0 30,680 0 0 Miscellaneous (Belgian Relief Fund) .. ., .. 28,000 0 0 1,600 0 0 New Zealand University Endowment, Westland .. .. 1,600 0 0 Reoeiver-General's Deposit Account .. .. .. 26,000 0 0 1,900 0 0 Rotorua College and Grammar School Account 1,420 0 0 Samoan Loan Sinking Fund Account .. .. .. 1,290 0 0 « 400,200 0 0 600,661 11 8 417,157 4 11 £1,737,657 14 3 Totals .. .. .. .. .. .. .. .. £4,273,733 9 8 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. IJ.

PUBLIC ACCOUNTS, 1924-19 25.

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924.

14

1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ s. d. £ a. d. 10,859 7 7 Cash in the Public Aoeount .. .. .. .. .. .. 589,417 1 4 Imprests outstanding— 92,266 19 2 In the hands of Officers of the Government .. .. .. .. 20,721 17 10 108,427 1111 In London .. .. .. .. .. .. .. .. 127,884 9 1 230,000 0 0 Investment Acoount .. .. .. .. .. .. ... 150,000 0 0 —— 888,023 8 3 441,553 18 8 Credits-in-aid, — Vote—Public Works, Departmental .. .. .. .. .. .. 59,498 0 8 Railway-construction .. .. .. .. .. .. 110,270 8 2 „ Additions to Open Lines .. .. .. .. .. .. 3,177 7 10 „ General .. .. .. .. .. .'. .. .. 108 3 9 Courthouses.. .. .. .. .. .. .. .. 5 14 3 Prison Buildings and Works .. .. .. .. .. .. 127 0 9 „ Police-stations .. .. .. .. .. .. .. 191 5 0 Postal and Telegraph.. .. .. .. .. .. .. 998 4 9 „ Agricultural .. .. .. .. .. .. .. 4,005 0 0 Mental-hospital Buildings .. .. .. .. .. .. 128 14 9 Hospitals and Charitable Institutions .. .. .. .. .. 10 0 0 Timber-supply, Sawmills, &c... .. .. .. .. .. 42,028 13 10 Acquisition and Operation of Quarries .. .. .. .. 9,664 18 1 „ Lighthouses.. .. .. .. .. .. .. .. 0 17 6 „ Development of Tourist Resorts .. .. .. .. .. 3,169 9 8 „ Department of Immigration .. .. .. .. .. .. 177,566 11 8 Roads, &o. .. .. .. .. .. .. .. .. 18,255 7 7 Roads on Goldfields.. .. .. .. .. .. .. 233 0 0 Telegraph Extension.. .. .. .. .. .. .. 115,695 10 7 „ Contingent Defence .. .. .. .. .. .. .. 155 12 3 Lands, Miscellaneous .. .. .. .. .. .. 231 14 7 „ Irrigation, Water-supply, and Drainage .. .. .. .. 1,002 11 2 Plant, Material, and Stores .. .. .. .. .. .. 101,487 19 0 648,012 5 10 Credits in reduction— Unauthorized Expenditure .. .. .. .. .. .. .. 896 10 8 648,908 16 6 9,142 7 7 Recoveries on account of Expenditure of previous Years .. .. .. .. j () Special Receipts in oonneotion with the Ellesmere and Forsyth Reclamation and 1,680 15 1 Akaroa Railway Trust Account .. .. .. .. .. .. .. j Transfer from Consolidated Fund (Ordinary Revenue Account) in terms of Section 14 1,000,000 0 0 of theAppropriation Act, 1923 Transfer from Consolidated Fund (Ordinary Revenue Account) in terms of Section 17 of the Appropriation Act, 1924 .. .. .. .. .. .. .. j qqq qqq q q New Zealand Loans Act, 1908, — Aid to Public Works and Land Settlement Act, 1922— New Zealand Consolidated Stock, 1944— 4J-per-cent. Stock issued in respect of amount required to cover charges and expenses of raising £3,000,000 (part of £4,000,000 4-per-cent. Stock Loan, 1923) .. .. .. .. .. .. .. .. 324,019 16 2 4J per-cent. Stook issued in respeot of amount required to cover Stamp Duty on Transfers of New Zealand Consolidated Stook, 1944 .. .. .. 831 14 4 Finance Act, 1923, Seotion 2 (Public Works) — New Zealand Consolidated Stock, 1944 — 4J-per-cent. Stock issued in respect of £3,000,000 authorized (part of £5,000,000 Stock Loan, 1924) .. .. .. .. 3,000,000 0 0 4J per-cent. Stook issued in respect of amount required to cover charges and expenses of raising £3,000,000.. .. .. .. .. .. 214,348 19 4 Interest on overdue instalments.. .. .. .. .. .. 11 13 9 4J-per-cent. Stock issued in respeot of amount required to cover Stamp Duty on Transfers of New Zealand Consolidated Stook, 1944 .. .. .. 8,250 16 5 Aid to Public Works and Land Settlement Act, 1922 — New Zealand Consolidated Stook, 1933/1943— Amount received in respect of £3,000,000 authorized (part of £4,000,000 4-per-3,000,000 0 0 cent. Stook Loan) 37 8 11 Interest on overdue Instalments Aid to Public Works and Land Settlement Act, 1921— New Zealand Consolidated Stock, 1935/1945 —- 5-per-cent. Inscribed Stock issued in respeot of Amount required to cover Stamp 1,612 17 11 Duty on Transfers .. .. .. .. .. .. .. 1,310 3 10 3,548,773 3 10 3,001,650 6 10 Public Revenues Amendment Act, 1913, Section 34, — 1,000,000 0 0 Prooeeds of Treasury Bills issued in anticipation of Loans £5,454,027 8 2 Total .. .. .. .. .. .. £6,128,157 10 5 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 19 2 4-1925.

GENERAL PURPOSES ACCOUNT.

15

1923-1924. EXPENDITURE. 1924-1925. Net. Gross. £ s. d. Annual Appropriations,— £ s. d. £ s. d. 110,35!) 4 4 Vote —Public Works, Departmental .. .. .. .. •• 186,990 16 11 1,132,764 15 8 „ Railway-construction .. .. .. .. .. .. 1,246,076 18 4 643,648 4 3 „ Additions to Open Lines .. .. .. .. .. .. 746,099 14 7 8,151 12 11 „ General .. .. .. .. .. .. .. .. 30,898 18 3 2,447 10 10 „ Courthouses .. .. .. .. .. .. .. 5,368 10 2 26,484 8 10 „ Prison Buildings and Works .. .. .. .. .. .. 25,406 8 9 12,837 16 7 u Police-stations .. .. .. .. .. .. .. 18,743 19 11 108,395 7 9 „ Postal and Telegraph .. .. .. .. .. .. 66,915 12 11 282 0 3 „ Agricultural .. .. .. .. .. .. .. 7,246 15 6 26,540 19 5 „ Mental-hospital Buildings .. .. .. .. .. .. 68,567 0 11 7,591 6 11 , Hospitals and Charitable Institutions .. .. .. .. 28,244 10 0 3,612 11 6 „ Timber-supply, Sawmills, &c. .. .. .. .. .. 21,491 5 5 „ Acquisition and Operation of Quarries .. .. .. .. 11,480 0 7 4,470 11 8 , Lighthouses .. .. .. .. .. .. .. 2,852 8 9 6,334 0 0 , Harbour-works .. .. .. .. .. .. .. 423 0 7 27,264 7 2 „ Development of Tourist Resorts .. .. .. .. .. 15,512 11 4 92,600 8 7 , Department of Immigration .. .. .. .. .. 313,919 12 6 746,869 18 8 „ Roads,&c... .. .. .. .. .. .. .. 622,223 11 11 2,867 6 0 „ Roads on Goldfieids .. .. .. .. .. .. 2,988 2 10 442 2 9 „ Development of Mining 717,409 11 3 „ Telegraph Extension .. .. .. .. .. *. 1,072,989 13 2 961 15 0 „ Motor Transport Service .. .. .. .. .. .. 5,000 0 0 4,931 10 9 „ Contingent Defence .. .. .. .. .. .. 27,288 4 0 18,181 15 1 j » Lands, Miscellaneous .. .. .. .. .. .. 34,404 1 4 95,466 10 10 „ Irrigation. Water-supply, and Drainage .. .. .. .. 128,998 0 8 Cr.52,772 1 9 . Plant, Material, and Stores .. .. .. .. .. 89,258 10 2 3,748,143 15 3 4,779,388 9 6 Unauthorized Expenditure,— 1,015 17 9 Services not provided for .. .. .. .. " .. .. .. 959 17 5 4,780,348 6 11 3,749,159 13 0 Ellesmere Land Drainage Aot, 1905, — 439 5 0 Expenditure under Section 6, Subseotion (1) .. .. .. .. .. 439 5, 0 Expenditure under Section 16, Subsection (1), of the Native Land Amendment and 4,500 0 0 Native Land Claims Adjustment Aot, 1923 .. Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908— 1 12 6 Aid to Public Works and Land Settlement Act, 1902 (Redemptions) 3 15 0 Aid to Public Works and Land Settlement Act, 1902 (Renewals) 62 1 9 Aid to Public Works and Land Settlement Act, 1903 (Redemptions) .. .. 200 0 0 11 15 6 Aid to Public Works and Land Settlement Act, 1907 (Redemptions) .. 17 6 Aid to Public Works and Land Settlement Act, 1921 (Redemptions) .. 3 17 6 Aid to Publio Works and Land Settlement Act, 1921 (Renewals) 308,452 15 9 Aid to Public Works and Land Settlement Aot, 1922 .. .. .. 15,893 19 5 1,250 0 0 Finanoe Act, 1909 (New Zealand Consolidated Stock, 1929), (Redemptions) .. .. 403 18 10 Finanoe Act, 1920, Section 15 (Public Works), (Redemptions) .. .. 800 0 0 100 19 8 Finance Aot, 1921, Section 10 (Publio Works), (Redemptions) .. .. 200 0 0 Finance Aot, 1923, Section 2 .. .. .. .. .. .. 215,004 6 4 — 232,098 5 9 310,292 4 0 Stamp Duty on Transfers of New Zealand Consolidated Stook, 1935/1945— 1,612 17 11 Aid to Publio Works and Land Settlement Aot, 1921 .. .. .. 1,158 9 5 Stamp Duty on Transfer of New Zealand Consolidated Stook, 1944 — Aid to Public Works and Land Settlement Aot, 1922 .. .. .. 794 5 10 Finance Act, 1923, Section 2 .. .. .. .. .. .. 7,879 10 8 9,832 5 11 1,612 17 11 Public Revenues Amendment Act, 1913, Section 34— 500,000 0 0 Treasury Bills redeemed from Proceeds of Loan .. .. .. .. 500,000 0 0 Transfer to Main Highways Account, Construction Fund, in terms of Section 15 (2) of the Finance Act, 1923 .. .. .. .. .. .. .. •• 226,000 0 0 Balance at end of Year, — 589,417 1 4 Cash in the Publio Aocount .. .. .. .. .. 163,989 II 5 Imprests outstanding— 20,721 17 10 In the hands of Officers of the Government .. .. .. .. 33,195 9 2 127,884 9 1 In London .. .. .. .. .. .. .. .. 182,254 6 3 150,000 0 0 Investment Aocount 379,439 6 10 888,023 8 3 £5,454,027 8 2 Totals .. .. .. .. .. .. .. £6,128,157 10 5 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I]

PUBLIC ACCOUNTS, 1 9 24-1!) 25.

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the

16

the waihou and ohinemuri I925M924 - RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year,— I n _ j n . i 6,629 1 6 Cash in the Publio Aoeount .. .... i aan q b Imprests outstanding— 8,514 0 0 In London .. .. .. _ I 0 12 2 15,143 1 6 1,661 1 8 Credits in reduction of expenditure under Section 17 of the Waihou and Ohinemuri Rivers Improvement Act, 1910 .. .. .. .. _ , 14 046 1 11 Contributions under the Waihou and Ohinemuri Rivers Improvement Act, 1910, Sections 17 and 18, and Amendment Act, 1912, and Appropriation Act 1916 Section 27,— 1,066 17 9 Gold-mining Companies 1,066 17 9 Consolidated Fund .. .. .. " " 0 0 qk in o 18 0 * : :: :: :: i;ISI it I 2,151 15 11 . 7 ' 039 8 5 ■ — New Zealand Loans Act, 1908,— Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finanoe Act, 1922 i Section 16— 60,000 0 0 Debentures issued .. .. .. .. .. .. 50 qqq o o £77,294 17 5 Totals .. .. ,, , £72 746 12 0 """ ~~ — .... _ __ __ " " " ' — ELECTRIC I ~ j £ s. d. Balance at beginning of Year, — £ s. d. £ b. d. 98,702 4 1 I Cash in the Publio Account .. .. .. .. .. 23,413 2 11 Imprests outstanding— 732 18 9 j In the hands of Officers of the Government 49,725 3 7 \ In London .. .. .. .. .. .. .. .. 29,752 10 10 1,803,758 6 10 Investment Account .. .. .. .. .. .. 1,053,008 6 3 — —— 1 1,106,174 0 0 I 1,952,918 13 3 \ I Credits-in-Aid, — Vote—Development of Water-power .. .. .. .. ,. j .. 31 g q 149 0 0 Recoveries on account of Expenditure of previous Years .. .. .. J State Supply of Eleotrical Energy Act, 1917, Section 8, — 118,948 16 0 Sales of Eleotric Energy .. .. .. .. .. .. .. 135,587 4 7 2,431 13 6 Miscellaneous Receipts .. .. .. .. .. .. .. j 2,921 9 3 ' ! 138,508 13 10 121,380 9 6 352 11 1 Profit on sale of British War-loan Stock .. .. .. .. .. 79,119 6 2 ! Interest on Securities held by Investment Account .. .. .. .. ! .. 46,271 19 1 ! : New Zealand Loans Act, 1908,— Electric-power Works Loan Act, 1919 — New Zealand Consolidated Stock, 1935/1945— 5-per-cent. Inscribed Stock issued in respect of Amount required to cover Stamp 288 0 4 Duty on Transfers .. .. .. .. .. .. .. .. 233 19 3 £2,154,208 0 4 Totals .. .. .. .. .. ... .. £1,322,899 17 2 ELECTRIC SUPPLY . - £ s. d. State Supply of Electrioal Energy Act, 1917, Section 12, — £ s. d. £ s. d. Transfer from Electric Supply Account, Horahora Scheme .. .. .. .. 12,108 10 2 Totals .. .. .. .. .. .. .. £12,108 10 2 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

17

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1 924-1 925.

Year ended 31st March, 1925, compared with the Year ended 31st March, 1924 —continued.

RIVERS IMPROVEMENT ACCOUNT. 1923-1924. EXPENDITURE. 1924 ~ 1925 - Net. Gross. £ s. d. Expenditure under Section 17 of the Waihou and Ohinemuri Rivera Improvement £ s. d. £ s. d. 70,533 2 8 Aot, 1910.. .. . .. .. .. .. .. .. I 67,932 15 8 Recoupments to the Consolidated Fund under the Finance Aot, 1919, Section 4, — 2,745 8 4 Interest .. .. .. .. .. .. .. .. .. 4,000 0 0 357 17 0 Sinking Fund .. .. .. .. .. .. .. .. 540 11 8 4,540 11 8 3,103 5 4 1,997 7 9 Payment to Waihi Borough Council in terms of Section 10 of the Finance Aot, 1923 Balance at end of Year, — 1.660 9 6 Cash in the Public Account .. .. .. .. .. .. 273 4 8 Imprests outstanding— 0 12 2 In London 1 273 4 8 1.661 1 8 I £77,294 17 5 Totals .. .. .. .. .. .. .. ' £72,746 12 0 SUPPLY ACCOUNT. £ a. d. Annual Appropriation,— £ s. d. £ s. d. 812,972 3 7 Vote —Development of Water-power .. .. .. .. .. .. 879,189 6 7 Unauthorized Expenditure,— 2 10 10 Services not provided for .. I 202,632 18 11 Recoupment of Interest under the Finance Act, 1919, Section 4 .. .. .. .. 202,117 7 6 738 6 8 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 29 19 8 Amortization of Debt, — State Supply of Electrical Energy Aot, 1917, Section 12 — Transfer to Electrio Supply Sinking Fund Account, Hora Hora scheme .. 12,108 10 2 Transfer to Loans Redemption Aoooutit for redemption and cancellation, in terms of Section 24 of tbe Finance Act, 1921-22, of Securities as underNew Zealand Loans Act, 1908 — 400 0 0 Electric-power Works Loan Act, 1919 New Zealand Inscribed Stock Act, 1917 — 31,000 0 0 Electric-power Works Loan Act, 1919 .. ' 12,108 10 2 31,400 0 0 Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908,— Scamp Duty on Transfers of New Zealand Consolidated Stock, 1935/1945 — 288 0 4 Electric-power Works Loan Act, 1919 .. .. .. .. .. .. 206 17 5 Balance at end of Year, — 23,413 2 11 Cash in the Publio Acoount .. .. .. .. .. .. 30,479 13 10 Imprests outstanding — In the hands of Offioers of the Government .. ,. .. .. 3,598 15 1 29,752 10 10 In London .. .. .. .. .. .. .. .. 42,369 6 11 1 053 008 6 3 Investment Acoount .. .. .. .. .. .. 152,800 0 0 —! 1 229,247 15 10 1,106,174 0 0 £2,154,208 0 4 Totals .. ., ., .. .. .. .. £1,322,899 17 2 SINKING FUND ACCOUNT. . - ; £ s. d. Balance at end of Year, — £ s. d. £ s. d. Cash in the Public Aceount .. .. .. .. .. .. 108 10 2 Investment Account .. .. .. .. .. .. .. 12,000 0 0 12,108 10 2 ' | ' Totals .. .. .. .. .. .. .. j £12,108 10 2 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l IPT. 11.

PUBLIC ACCOUNTS. 1 924-1 925

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

18

ADVANCES TO OTHER 1928-1924. RECEIPTS. 1924-1925. i £ s. d. Balance at beginning of Year, — £ s. <J. £ s . d. Cash in the Public Account .. .. .. .. .. 25,363 4 4Imprests outstanding— 19,988 5 3 In the Dominion .. .. .. .. .. .. 39,852 13 10 In London — 65,216 18 2 19,988 5 3 Finance Act, 1921-22, Section 13, —• 2,000 0 0 Transfer from the Consolidated Fund Recoveries from other Governments— 488 9 8 Bechuanaland .. .. .. .. .. .. .. 752 16 1 73 19 4 British Guiana .. .. .. .. .. .. .. 101 19 5 224 10 5 Canadian Government .. .. .. .. .. .. 144 2 11 834 7 3 Ceylon .. .. .. .. .. .. .. .. 518 14 6 1,217 17 3 Cook Islands .. .. .. .'. .. .. .. .. 2,166 3 7 I 26,063 4 2 Commonwealth Government .. .. .. .. .. 33,522 15 11 348 13 4 East Africa Protectorate .. .. .. .. .. .. 538 0 0 Falkland Islands .. .. .. .. .. .. .. 202 12 8 1,772 17 0 Federated Malay States .. .. .. .. .. .. 3,654 18 7 208 6 3 Fiji .. .. .. .. .. .. .. .. .. 585 2 8 136 1 9 Hong Kong .. .. 188 12 5 15 6 9 India 20,350 13 6 Imperial Government .. .. .. .. .. .. 28,022 0 6 176,789 7 2 Imperial Pension! .. .. .. .. .. 198,064 1 1 625 11 11 Mauritius .. .. .. .. .. .. .. 859 8 11 569 17 0 Nigeria .. .. .. .. .. .. .. .. 1,506 1 0 389 16 9 Niue.. .. .. .. .. .. .. .. .. 200 19 4 766 13 4 Nyassaland .. .. .. .. .. .. .. .. 275 0 0 558 10 9 Straits Settlements .. .. .. .. .. .. .. 383 1 4 St. Helena .. .. .. .. .. .. 128 10 0 117 12 0 Trinidad .. .. .. .. .. .. .. .. 169 1 0 425 5 2 Union of South Africa .. .. .. .. .. .. .. 807 4 3 272,791 6 2 230,977 0 9 £252,965 6 0 Totals .. .. .. .. .. .. .. £338,007 4 4 BANK OF NEW ZEALAND £ s. d. Balance at beginning of Year,— £ s. d. £ 8. d. \ 875,000 0 0 Investment Aooount .. .. .. .. .. .. .. .. 875,000 0 0 j £875,000 0 0 Totals .. .. .. .. .. .. .. ,£875,000 0 0 CHEVIOT ESTATE £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 7,427 5 10 Cash in the Public Acoount .. .. .. .. .. .. 5,778 0 11 181,640 0 0 Investment Aooount .. .. .. .. .. .. .. 202,640 0 0 208,418 0 11 189,067 5 10 Receipts under the Land Act, 1908, — 21,691 9 11 Rents from Lands.. .. .. .. .. .. .. .. 17,421 15 3 Sales .. .. .. .. .. .. .. .. .. 15 0 0 —— 17,436 15 3 21,691 9 11 8,024 15 1 Interest on 8eourities held by Investment Aooount .. .. .. .. .. 8,288 3 8 519 4 1 Profit on sales of British War-loan Stock £219,302 14 11 Totals .. .. .. .. .. .. .. £234,142 19 10 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

19

B.—l [PT. I],

PUBLIC ACCOUNTS, 1 924-1925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924.

4—B. 1 [Pt. I].

GOVERNMENTS ACCOUNT. 1923-1924. 1924-1925 Vpt EXPENDITURE. ViO-VUb. net. Gross. £ s. d. Finance Act, 1921-22, Section 13, — J £ s. d. £ s. d ! Transfer to Consolidated Fund in terms of Subsection (4) .. .. .. .. 59,597 10 2 Payments on behalf of other Governments— 508 11 0 Bechuanaland .. .. .. .. .. . . . . 547 9 5 53 1 3 British Guiana .. .. .. .. .. .. .. 84 5 8 116 0 5 Canadian Government .. .. .. .. .. .. .. 82 18 9 319 9 7 Ceylon .. .. .. .. .. .. 455 13 10 1,630 18 0 Cook Islands .. .. ,. .. .. .. .. 2,101 9 5 24,904 11 3 Commonwealth Government .. .. .. . .. .. 26,247 16 11 349 3 4 East Africa Protectorate .. .. .. .. .. .. 474 3 4 174 0 0 Falkland Islands .. .. .. .. .. .. 28 12 8 1,922 4 9 Federated Malay States .. .. .. .. .. .. 3,471 5 5 420 11 5 Fiji .. .. .. .. .. .. .. .. .. 265 12 6 123 11 9 Hong Kong .. .. .. .. .. .. .. .. 152 12 8 3,083 16 3 Imperial Government .. .. .. .. .. .. 32,169 4 8 151,400 5 5 Imperial Pensions .. .. .. .. .. .. .. 208,823 13 6 593 18 5 Mauritius .. .. .. . . . . . .. 707 15 7 528 9 3 Nigeria .. .. .. .. .. .. -1,260 8 1 92 17 10 Niue .. .. .. 276 13 8 333 6 8 Nyassaland .. . . . . . . . . .. .. .. 162 10 0 553 8 0 Straits Settlements .. . . . . .. .. .. .. 182 5 10 131 4 10 St. Helena 85 11 6 Trinidad .. .. .. .. .. .. .. .. 140 14 0 364 6 11 Union Government of South Africa .. .. .. .. .. 337 0 7 277,972 6 6 187,749 7 10 Balance at end of Year, — 25,363 4 4 Cash in the Public Account .. .. .. .. ., .. .. Imprests outstanding— 39,852 13 10 In the Dominion .. .. .. .. .. .. .. 437 7 8 437 7 8 65,215 18 2 1252,965 6 0 Totals .. .. .. .. .. .. .. £338,007 4 4 ACTS ACCOUNT. £ s. d. Balanoe at end of Year, — £ s. d. £ s. d. 875,000 0 0 Investment Aocount .. .. .. .. .. .. .. .. 875,000 0 0 £875,000 0 0 Totals .. .. .. .. .. .. .. £875,000 0 0 — I — ACCOUNT. £ 8. d. £ s. d. £ s. d. Expenditure under the Land Laws Amendment Aot, 1922, Section 19, — 1,481 19 7 Administration Expenses recouped to the Consolidated Fund.. .. .. .. 415 17 6 Expenditure under the Land Aot, 1924, Section 21, — Administration Expenses reoouped to the Consolidated Fund.. .. .. .. 456 11 2 Recoupments under the Finance Act, 1919, Section 4, — 8,866 2 6 Interest .. .. .. .. .. .. .. .. .. 8,866 2 6 461 10 8 Sinking Fund .. .. .. .. .. .. .. .. 451 7 10 9 317 10 4 9,327 13 2 75 13 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 3 10 Balanoe at end of Year, — 5,778 0 11 Cash in the Public Acoount .. .. .. .. .. .. 9,309 19 10 202,640 0 0 Investment Aooount .. .. .. .. .. .. .. 214,640 0 0 223,949 19 10 208,418 0 11 £219,302 14 11 Totals .. .. .. .. .. .. .. £234,142 19 10 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l HPt. I].

20

PUBLIC ACCOUNTS, 1 924-1 9 25.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

CONVERSION 1923-1924. RECEIPTS. 1924r-1925. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 4,583 6 5 Cash in the Public Aooount .. .. .. .. .. .. 5,833 6 5 Advances in the hands of Stock Agents— 1,534 17 11 Cash .. .. .. .. .. .. .. .. .. 240 8 9 — 6,073 15 2 6,118 4 4 £6,118 4 4 Totals .. .. .. .. .. .. £6,073 15 2 DISCHARGED SOLDIERS £ s. d. Balance at beginning of Year, — £ s. d. £ s d. 84,669 10 3 Cash in the Public Account .. .. .. .. .. .. 164,060 12 1 Imprests outstanding— 21,112 7 10 In the Dominion .. .. .. .. .. ... .. 5,413 16 10 250,000 0 0 Investment Account .. .. .. .. .. .. .. 68,500 0 0 —— 237,974 8 11 355,781 18 1 Credits-in-Aid, — Vote—Expenses of Management .. .. .. .. .. .. .. 15,696 10 9 Credits in reduction of Expenditure under Section 9 of the Discharged Soldiers Settlement Act, 1915 .. .. .. .. .. .. .. .. 25,492 13 11 j Credits in reduction of Advances under Sections 6 and 9 of the Discharged Soldiers Settlement Act, 1915 .. .. .. .. " .. .. .. .. 282 7 9 Discharged Soldiers Settlement Act, 1915, Section 9, — 832,545 5 7 Repayment of Advances .. .. .. .. .. .. .. 921,364 14 11 629,004 13 7 Interest on Advances .. .. .. .. .. .. .. 618,097 0 11 1,539,461 15 10 | 1,461,549 19 2 Discharged Soldiers Settlement Amendment Act, 1921-22, Section 13, —- 8,493 18 8 Rents .. .. .. .. .. .. .. .. .. 15,185 16 0 Discharged Soldiers Settlement Amendment Act, 1921-22, Section 11, — 11,627 0 10 Miscellaneous Receipts .. .. .. .. .. .. .. .. 20,132 3 6 Discharged Soldiers Settlement Amendment Act, 1921, Sections 4 and 5, — Rents .. .. .. .. .. .. .. .. .. .. 25 4 3 Discharged Soldiers Settlement Amendment Act, 1923, Section 20, Subsection 3 .. .. 39 15 0 Discharged Soldiers Settlement Amendment Act, 1923, Section 20, Subsection 4 .. .. 6,910 0 0 9,94S 17 0 Interest on Securities held by Investment Account .. .. .. .. .. 7,416 5 2 2,097 12 9 Realization Suspense Account .. .. .. .. .. .. .. 2,312 4 3 Public Revenues Act, 1910, Section 56, — 50,000 0 0 Temporary transfer from Consolidated Fund New Zealand Loans Act, 1908, — Discharged Soldiers Settlement Loans Act, 1920—■ £ s. d. 14,600 0 0 5J-per-cent. Bonds issued .. .. .. .. 7,600 0 0 22,900 0 0 5-per-cent. Bonds issued .. .. .. .. 15,270 0 0 22,870 0 0 New Zealand Consolidated Stock, 1935/1945 — 5-per-cent. Inscribed Stock issued in respect of Amount required to cover Stamp 144 0 2 Duty on Transfers .. .. .. .. .. .. 116 19 7 j ! 22,986 19 7 I 37,644 0 2 £1,937,143 6 8 Totals .. .. .. .. .. .. .. (£1,893,916 4 11 ~ _1 _ [ Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

21

PUBLIC ACCOUNTS, 1924-1925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

ACCOUNT. 4Q90 IQOa, _ 1924-1925. 1923-1924. EXPENDITURE. a Net. Gross - £ 8. d. Kxpenses Aooount, — £ s. d. a. s. d. 44 9 2 Bent and Office Expenses J Balanoe ac end of Year, — 5,833 6 5 | Cash in the Public Aooount .. .. .. •. •• 5,982 18 i Advances in the hands of Stock Agents— 240 8 9 Cash .. .. .. .. •• •• •• •• •• 90 16 10 6,073 15 2 j 6,073 15 2 _____ j £6,118 4 4 Totals .. .. .. •• •• •• • £6,073 15 2 SETTLEMENT ACCOUNT. £ s. d. Annual Appropriation,— j £ s - d - '• d " 57,374 11 10 Vote—Expenses of Management .. .. .. •• •• •• •• , 0 1 593 15 1 Expenditure under Seotion 9 of the Discharged Soldiers Settlement Act, 1915 .. i « .. 25,642 4 5 1,232,747 11 11 Advances made under Sections 6 and 9 of the Discharged Soldiers Settlement Act, 1915 j .. 717,339 15 0 Interest on Transfers from the Consolidated Fund, — Discharged Soldiers Settlement Loans Act, 1920, Section 8, Subsection (3) .. ! 5 °0>W0 0 0 Appropriation Act, 1920, Section 31, Subsection (3), (Discharged Soldiers) .. 40,000 0 0 Recoupments under the Finance Act, 1919, Section 4, — 343,219 15 8 Interest ,i n i 11,910 9 2 Sinking Fund ' 349,754 5 5 355,130 4 10 78 13 11 Recoupment of Management Charges of Consolidated Stock .. .. .. .• 3311 Amortization of Debt, — . j Transfer to Loans Redemption Account for redemption and cancellation, in terms ol Section 24 of the Finance Act, 1921-22, of Inscribed Stock as underNew Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917 — 500 0 0 Discharged Soldiers Settlement Loans Act, 1920 Transfer to Loans Redemption Account for redemption, in terms of Section 5, | Subsection (3), of the Discharged Soldiers Settlement Loans Act, 1920, of matured Death-duty Stock as under — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Aot; 1917 — 2,600 0 0 Discharged Soldiers Settlement Loans Act, 1920 .. •• •• 4,iuu Public Revenues Act, 1910, Section 56,— 50,000 0 0 Temporary transfer from Consolidated Fund now restored .. •. •• [ Charges and Expenses of raising loans, — New Zealand Loans Act, 1908, — i Finance Act, 1918, No. 2, Section 31 (Discharged Soldiers Settlement) .. 1,500 0 0 Discharged Soldiers Settlement Loans Act, 1920 — „ 244 o 2 Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935/1945 .. 103 8 8 Balanoe at end of Year, — ... . „ ,, 164,060 12 1 Cash in the Public Aooount .. .. .. •• •• •• b,38» Imprests outstanding - . 5,413 16 10 In the Dominion .. .. .. •• •• •• •• n a 68,500 0 0 Investment Account .. .. •• •• •• ' 178 010 15 6 237,974 8 11 £1,937,143 6 8 Totals .. .. .. •• •• •• •• £1,893,916 4 11 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 924-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

22

DISCHARGED SOLDIERS SETTLEMENT 1923-1924. RECEIPTS. 1S24-1925. £ s. d. Balance at beginning of Year.— £ s d £ s d 5,939 6 8 Cash in the Public Account .. .. .. .. ., 1,393 14 1 150,000 0 0 Investment Account .. .. .. .. .. .. .. 211 250 0 0 155,939 6 8 212,643 14 1 90 17 3 Profit on Sales of British War-loan Stock .. .. .. .. 6,613 10 2 Interest on Securities held by Investment Acoount .. .. .. .. .. 9,09108 Discharged Soldiers Settlement Loans Act, 1920, Section 7, — 50,000 0 0 Transfer from the Consolidated Fund .. .. .. .. .. .. 50,000 0 0 £212,643 14 Totals .. .. .. .. .. .. £271,734 14 9 EDUCATION LOANS £ s. cl. Balance at beginning of Year, — £ s. d £ s. d. 9,825 12 8 Cash in the Public Acoount .. .. .. .. .. .. 6,550 8 6 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. ' 782 12 0 233,800 0 0 Investment Acoount .. .. .. .. .. .. .. 41,100 0 0 — 48,433 0 6 243,625 12 8 Credits in reduotion of expenditure under Section 3 of the Eduoation Purposes Loans Act, 1919 .. .. .. .. .. .. .. .. .. 14,615 11 10 Appropriation Act, 1923, Section 15,— 100,000 0 0 Transfer from Consolidated Fund (Ordinary Revenue Aocount) New Zealand Loans Act, 1908, — Eduoation Purposes Loans Act, 1919 — New Zealand Consolidated Stock, 1944— 4J per cent. Insoribed Stock issued .. .. .. .. .. 250,000 0 0 New Zealand Consolidated Stook, 1935/1945 — 5-per-cent. Insoribed Stook issued in respect of Amount required to cover 288 0 4 Stamp Duty on Transfers .. .. .. .. .. - .. | 233 19 3 200 0 0 Debentures issued .. .. .. .. .. .. .. 290,000 0 0 540,233 19 3 488 0 4 £344,113 13 0 Totals .. .. .. .. .. .. .. £603,282 11 7 . _____ ____ __ Xotk. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

23

8.-l |~Pt. I].

PUBLIC ACCOUNTS, 1 924-1 925.

Year ended 3l3t March, 1925, compared with the Year ended 31st March, 1924—continued.

LOANS ACT 1920 DEPRECIATION FUND ACCOUNT. 1923 " 1 t 924 - EXPENDITURE. 19^ 1925 - Net. Gross. I £ 8. d. Balance at end of Year, — J £ s. d. £ s d. 1,393 14 1 Cash in the Public Account .. .. .. . .. ... \ J 484 14 9 211,250 0 0 Investment Account .. .. .. .. I 270*250 0 0 212,843 14 1 1 271,734 14 9 . £212,643 14 1 Totals .. .. .. .. .. .. .. £271.734 14 9 ACCOUNT. £ s d - £ s. d. £ s. d. 295,390 7 2 Expenditure under Seotion 3 of the Education Purposes Loans Aot, 1919.. .. .. 469,735 18 10 Charges and Expenses of raising Loans— New Zealand Loans Aot, 1908, — 2 5 0 Education Purposes Loans Aot, 1919 .. .. .. .. .. 6,884 16 0 288 0 4 Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935/1945 .. 206 17 5 7,091 13 5 290 5 4 t Balance at end of Year, — 6,550 8 6 Cash in the Public Account .. .. .. .. .. .. 3,173 16 10 Imprests outstanding— 782 12 0 In the Dominion .. .. .. .. .. .. .. 1,181 2 6 41,100 0 0 Investment Account .. .. .. .. .. .. .. 122,100 0 0 I 126,454 19 4 48,433 0 6 I £344,113 13 0 Totals .. .. .. .. .. ..J .. £603,282 11 7 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be fonnd on page 71.

B.—l [PT. li

PUBLIC ACCOUNTS, 1 9 24-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

24

GENERAL PURPOSES 1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 7,301 5 8 Cash in the Public Acoount.. .. .. .. .. ,, 4 097 0 5 27,500 0 0 Investment Acoount .. .. .. .. ,, .. 231500 0 0 27,597 0 5 34,801 5 8 234 8 7 Repayment of Advanoes (Waimarino Bush-fire Relief) .. .. .. .. .. 3,064 8 9 Repayment of Advanoes under Finance Act, 1922, Seotion 20 (3), — Flood Relief .. .. .. .. .. .. .. .J 336 13 1 In aid of Works of Production—• 497 13 6 Moutere Hills Orchardists .. .. .. .. .. .. | 485 0 10 9 16 4 Ferngrove Sawmilling Company .. .. .. .. .. ! 141 16 3 Murcbison Lime Co. .. .. .. .. .. .. I 003 " j 963 10 5 507 9 10 798 19 0 Interest on Advances (Waimarino Bush-fire Relief) .. .. .. .. I .. 2,834 2 4 J Interest on Advances under Finance Act, 1922, Section 20 (3), — 6 5 0 Flood Relief .. .. .. .. .. .. .. I 206 12 6 In aid of Works of Production— 152 17 10 Moutere Hills Orchardists .. .. .. .. .. j f88 10 11 Murchison Lime Company .. .. .. .. .. .. j 27 10 0 Ferngrove Sawmilling Company .. .. .. .. .. .. j 36 15 0 Nelson Farmers' Union Lime Company .. .. .. ,. .. 96 5 0 159 2 10 555 13 5 1,249 11 5 Interest on Securities held by Investment Account .. .. .. .. .. 808 7 6 £37,750 17 4 Totals : .. £35,823~ 2 10 , ! HAURAKI PLAINS £ s. d. Balance at beginning of Year, — £ s. d. £ a. d. 8,211 13 9 Cash in the Public Account .. .. .. .. .. .. 1,694 12 7 Imprests outstanding — 4 16 9 In the Dominion .. .. .. .. .. .. .. j 832 15 11 In London .. .. .. .. .. .. .. .. | I 1,694 12 7 9,049 6 5 Credits in reduction of Expenditure under Seotion 5 of the Hauraki Plains Act, 1908, and Seotion 93 of the Reserves and Other Lands Disposal and Public Bodies Empowering Act, 1916 .. .. .. .. .. .. .. .. 2,253 19 7 Credits in reduotion of expenditure under Section 5, Subseotion (2), of the Hauraki Plains Amendment Aot, 1922 (Maintenance of Completed Works) .. .. .. 73 11 5 Reoeipts under Section 5 of the Hauraki Plains Aot, 1908,— 8,280 5 2 Rents .. .. .. .. .. .. .. .. .. 6,555 3 11 4,129 15 4 Land-sales 2,001 4 6 2,076 6 3 Miscellaneous .. .. .. .. .. .. .. .. 2,193 5 4 Interest on Sales .. .. .. .. .. .. .. .. 125 19 3 10,875 13 0 14,486 6 9 Hauraki Plains Amendment Aot, 1911, Section 3, and Hauraki Plains Amendment Aot, 1922, Seotion 5 (1), — 7,670 15 8 Rate Acoount .. .. .. .. .. .. .. .. .. J 2,522 17 4 New Zealand Loans Aot, 1908, — Hauraki Plains Amendment Aot, 1913, and Finance Aot, 1922, Seotion 17 — 70,000 0 0 Debentures issued Hauraki Plains Amendment Act, 1913, and Finance Aot, 1923, Seotion 4— 10,000 0 0 Debentures issued .. .. .. .. .. .. .. 40,000 0 0 Hauraki Plains Amendment Act, 1913, and Finance Aot, 1924, Section 4— I Debentures issued .. .. .. .. .. .. .. 30,000 0 0 — — 70,000 0 0 80,000 0 0 | £111,206 8 10 Totals .. .. .. .. .. .. .. £87,420 13 11 | — - ' __ _ _ I — Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as reoeipts, and are not deducted from the expenditure as formerly. Pj.- ti3 )? ua.irim \ i.i am:/ tin net expenditure will be found on page 71.

B —l (PT. I].

PUBLIC ACCOUNTS, 192 4-1925.

Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

25

RELIEF ACCOUNT. 1923-1924 1924-1925. 1 *46 iaz*. EXPENDITURE. - . Net. ; Gross. £ s. d. Expenditure under Seotion 20 (8) of the Finance Act, 1922,— £ s. d. £ s. d. 5,890 0 0 Advances for Flood Relief .. .. .. .. .. .. .. 6,320 0 0 78 0 0 Advances for Fire Relief .. .. .. .. .. ,. .. 200 9 2 In aid of Works of Production— 49 4 0 Advances to Orchardists 500 0 0 Advances to Ferngrove Sawmilling Company 500 o o Advances to Murchison Lime Company Advance to Nelson Farmers'Union Lime Company .. .. 3,500 0 0 Assistance to Cider Manufacturers .. .. .. .. .. 4,500 0 0 U. 14,520 9 2 7,017 4 0 Recoupments under the Finance Aot, 1919, Section 4, — 3,000 0 0 Interest .. .. .. .. .. .. .. .. .. 3,000 0 0 136 12 11 Sinking Fund .. .. .. .. .. .. .. .. 133 12 11 3,133 12 11 3,136 12 11 Balanoe at end of Year, — 4,097 0 5 Cash in the Publio Acoount.. .. .. .. .. .. .. 3,169 0 9 23,500 0 0 Investment Account .. .. .. .. .. .. .. 0 0 — 18,169 0 9 27,597 0 5 £37,750 17 4 Totals .. £35,823 2 10 SETTLEMENT ACCOUNT. £ s. d. Expenditure under Section 5 of the Hauraki Plains Aot, 1908, and Seotion 93 £ s. d. £ s. d. of the Reserves and other Lands Disposal and Publio Bodies Empowering 79,033 19 5 Aot, 1916 .. .. .. * .. 67,490 8 9 " ~~ ' ~~ Expenditure under the Hauraki Plains Amendment Aot, 1922, Section 5 (2), (Main8,955 9 2 tenance of completed Works) .. .. .. .. .. .. 11,227 18 1 Expenditure under the Hauraki Plains Amendment Act, 1922, Seotion 5 (3), (Re156 9 7 coupment of Rates to the Consolidated Fund) .. .. .. .. .. 33 19 7 Expenditure under Section 4 (2) of the Finance Act, 1924 (Payment for Lands set apart under the Hauraki Plains Act, 1908) .. .. .. .. .. 20 0 0 \ Recoupments under the Finance Act, 1919, Seotion 4, — 20,491 7 3 Interest .. .. .. .. .. .. .. .. .. 1,743 15 0 874 10 10 Sinking Fund .. .. .. .. .. .. .. .. 997 17 5 2,741 12 5 21,365 18 1 Balanoe at end of Year,— 1,694 12 7 Cash in the Public Acoount .. .. .. .. .. .. .. . 5,906 15 1 j £111,206 8 10 Totals .. .. .. £87,420 13 11 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—! [PT. IT.

PUBLIC ACCOUNTS, 1 924-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

26

HOWARD ESTATE 1923-1924. RECEIPTS. 1924-1925. £ s. d. £ s. d. £ s. d. Receipts under Seotion 7 of the Howard Estate Act, 1919, — 749 17 4 Amount received from the Publio Trustee .. .. .. .. .. .. 232 9 10 £749 17 4 Totals .. .. .. .. .. .. .. £232 9 10 HUNTER SOLDIERS' £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 1,371 2 9 Cash in the Publio Account .. .. .. .. .. .. | .. 2,085 12 0 ■ 758 11 4 Rents .. .. .. .. .. .. .. .. .. [ .. 490 6 0 ———————— I £2,129 14 1 Totals .. .. .. .. .. .. .. £2,575 18 0 KAURI-GUM INDUSTRY £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 1,880 2 10 Cash in the Publio Aooount .. .. .. .. .. 6,968 0 7 Imprests outstanding— 208 8 3 In the Dominion 6,968 0 7 2,088 11 1 Credits in reduction of Expenditure under Section 4 of the Kauri - gum Industry Amendment Act, 1914 .. .. .. .. .. .. .. .. 27 12 0 22,437 3 4 Sale of Kauri-gum .. .. .. .. .. .. .. .. .. 15,336 14 7 539 19 8 Miscellaneous Receipts .. .. ,. .. .. .. .. .. 254 14 7 £25,06514 1 Totals .. .. .. .. .. .. .. £22,587 1 9 LAND ASSURANCE £ s. d. Balance at beginning of Year— £ s. d. £ s. d. 8,341 6 4 Cash in the Public Account .. .. .. .. .. .. 6,143 13 5 65,890 0 0 Investment Account .. .. .. .. .. .. .. 73,890 0 0 . 80,033 13 5 74,231 6 4 2,553 18 8 Receipts under Seotion 185 of the Land Transfer Aot, 1915 .. .. .. .. 3,018 6 8 3,353 12 8 Interest on Securities held by Investment Account .. .. .. .. .. 3,836 3 4 £80,138 17 8 Totals .. .. .. .. .. .. .. £86,888 3 5 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71-

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 924-1 9 25.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

s—B. 1 [PT. I].

27

ACCOUNT. 1923-1924. EXPENDITURE. * 1924-1925. Net. Gross. £ s. d. Expenditure under Section 38 of the Finance Act, 1922, — £ s. d. £ s. d. 749 17 4 Payment of Rates .. .. .. .. .. .. .. .. .. 232 9 10 £749 17 4 Totals .. .. .. .. .. .. .. £232 9 10 ASSISTANCE TRUST ACCOUNT. £ s. d. Expenditure under Seotion 6 (a) of the Hunter Gift for the Settlement of Discharged £ s. d. £ s. d. 44 2 1 Soldiers Act, 1921 .. .. .. .. .. .. .. .. 28 1 5 Balance at end of Year, — 2,085 12 0 Cash in the Public Acoount .. .. .. .. .. .. .. 2,547 16 7 £2,129 14 1 Totals .. .. .. .. .. .. .. £2,575 18 0 ACCOUNT. £ s. d. £ s. d. £ s. d. 14,225 0 0 Expenditure under Section 4 of the Kauri-gum Industry Amendment Aot, 1914 .. .. 16,743 15 0 Recoupments under the Finance Aot, 1919, Section 4, — 3,275 0 0 Interest .. .. .. .. .. .. .. .. .. 3,275 0 0 136 12 11 Sinking Fund .. .. .. .. .. .. .. .. 133 12 11 3,408 12 11 3,411 12 11 Refund of Amount advanced from Ordinary Revenue Account, "Unauthorized," for 461 0 7 purchase of Kauri-gum Balance at end of Year, — 6,968 0 7 Cash in the Public Aocount .. .. .. .. .. .. .. 2,434 13 10 £25,065 14 1 Totals .. .. .. .. .. .. .. £22,587 1 9 FUND ACCOUNT. £ s. d. £ s. d. £ p. d. 105 4 3 Expenditure under Section 188 of the Land Transfer Act, 1915 .. .. .. .. | 137 18 0 Expenditure under Section 190, Subsection 4, of the Land Transfer Act, 1915 .. .. 1 11 G Expenditure under Section 202 of the Land Transfer Act, 1915 .. .. .. j 49 8 7 Balanoe at end of Year,— 6,143 13 5 ; Cash in the Public Acoount.. .. .. .. .. .. .. 6,699 5 4 73,890 0 0 Investment Account .. .. .. .. .. .. .. 80,000 0 0 1 86,699 5 4 80,033 13 5 j £80,138 17 8 Totals .. .. .. .. .. .. .. £86,888 3 5 Note.—In these accounts the credite-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I]

PUBLIC ACCOUNTS, 1924-19 26

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

28

1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 91,172 19 1 Cash in the Public Aooount .. .. .. .. 42,508 8 8 Imprests outstanding— 74 1 6 In tha Dominion .. .. .. .. .. .. .. 4,290 15 5 29,350 0 0 Investment Account .. .. .. .. .. .. .. 100,000 0 0 ' 146,799 4 1 120,597 0 7 Credits-in-Aid, — Vote—Land for Settlements Expenses .. .. .. .. .. .. 731 19 1 Credits in reduction of Expenditure on Estates, — 194 1 4 Acquirement of Estates .. .. .. .. .. .. .. 1,297 1 6 Expenses incidental to Estates .. .. .. .. .. .. 43,526 1 7 44,823 3 1 Reoeipts derived from Estates, — 360,658 6 .9 Rents, &o. .. .. .. .. .. 347,232 6 1 88,635 19 4 Sales .. .. .. .. .. .. .. .. .. 54,09117 1 Interest on Sales .. .. .. .. .. .. .. .. 27,124 4 3 428,448 7 5 449.294 6 1 Sales of Land under Section 16 (2) of Finance Act, 1924, — Part of Selwyn Settlement sold to State Forests Account .. .. .. .. 100,000 0 0 | Land Laws Amendment Act, 1912, Seotion 5, — 80,369 18 2 Sale of Crown Lands .. .. .. .. .. .. .. 70,285 4 10 Interest on Sales .. .. .. .. .. .. .. .. 13,918 18 5 = 84,204 3 3 Receipts under Seotion 20 (2) of the Land Aot, 1924, — Principal .. .. .. .. .. .. .. .. .. 42 15 5 Receipts on account of Capital Value of Land under the Land Aot, 1908, — 284 5 9 Seotion 191 .: .. .. .. .. .. .. ..I .. 133 3 2 ' Receipts on aooount of Capital Value of Land under the Land Act, 1924, Seotion 208 j • 54 0 0 Recoveries on aooount of expenditure of previous Years (Interest on value of Workers'Dwellings taken over) .. .. .. .. .. .. .. 31,255 6 8 Amount received from the State Advances Office under Section 26 of the Finanoi Aot, 1924 (Value of Workers'Dwellings taken over) .. .. .. ... j .. I 10,715 2 10 1,901 10 10 Interest on Securities held by Investment Account .. .. .. .. .. 4,843 12 0 } New Zealand Loans Aot, 1908, — New Zealand Consolidated Stock, 1944 — New Zealand State-guaranteed Advanoes Acts, 1909 and 1910 (Land for Settlements Branoh) — 4J per oent. Inscribed Stock issued in rcspect of amount required to cover Stamp Duty on Transfers .. ., .. .. 58 4 5 ' £651,641 2 9 Totals .. .. .. .. .. .. .. £852,109 1 5 ' Note.—In these accounts tha credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. IJ.

PUBLIC ACCOUNTS, 1924-1925.

LAND FOR SETTLEMENTS ACCOUNT.

29

1923-1924. 1924-1925 „ , EXPENDITURE. „ a ' Net. Gross. I £ s. d Annual Appropriation,— £ s. d. £ a. d. 3,963 5 9 Vote —Land for Settlements Expenses .. .. .. .. .. 8,323 6 8 Expenditure under the Land for Settlements Act, 1908, Section 82,— 399 0 6 Acquirement of Estates .. .. .. .. .. .. .. 153,181 12 6 12,943 5 6 Expenses incidental to Estates .. .. .. .. .. .. 39,753 18 4 — 192,935 10 10 13,342 6 0 Expenditure under Section 20 (4) of the Discharged Soldiers Settlement Amendment Act, 1923 (Payment to Discharged Soldiers Settlement Account in respect of amount added to the Capital Value of Land) .. .. .. .. .. 6,910 0 0 Expenditure under Section 3 (4) of the Land Laws Amendment Act, 1922 (Amount appropriated from receipts from Sale of Crown Lands in respect of Settlement Lands proclaimed Ordinary Crown Land or National Endowment Land for disposal under the Land Act) .. .. .. .. .. .. .. .. 14,299 7 6 Expenditure under Section 83 (3) of the Land Act, 1924 (Payment in respect of value of improvements) .. .. . . .. .. .. .. .. .. 780 0 0 V -» Expenditure under Section 20 (3) of the Land Act, 1924 (Payment in respect of Land obtained for Government Works, now deemed to be Settlement Land) .. 1,130 13 0 Interest under Section 208 (8) of the Land Act, 1924 .. .. .. .. .. 64 4 9 156 3 10 Interest under Subsection (8) of Section 191 of the Land Act, 1908 ' .. 96 1 4 Recoupments under the Finance Act, 1919, Seotion 4, — 367,876 6 6 Interest .. .. .. .. .. .. .. .. 372,299 4 6 11,715 5 3 Sinking Fund .. .. .. .. .. ■ .. 11,762 9 6 — 384,061 14 0 379,591 11 9 629 14 3 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 26 8 9 Land for Settlements Act, 1908, Sections 82 and 42 (6), — Reooupment to Ordinary Revenue Account of amount charged thereto for reduction 392 4 7 ' of Funded Debt .. .. .. . . .. .. .. .. .. 411 19 8 Amortization of Debt, — State Advances Act, 1913 - 19,007 0 0 Sinking Fund under Section 26, Subsection 6 (6) .. .. .. .. .. 16,237 0 0 Transfer to Loans Redemption Account for redemption of Debentures as under— 26,000 0 0 Land for Settlements Aot, 1908 .. .. .. .. .. .. 40,000 0 0 10,000 0 0 Land Laws Amendment Aot, 1913 .. .. .. .. .. .. 10,800 0 0 New Zealand State-guaranteed Advanoes Aots, 1909 and 1910 (Land for Settle1,250 0 0 ments Branch) .. .. .. .. — 50,800 0 0 37,250 0 0 Transfer to Loans Redemption Acoount for redemption and cancellation, in terms of Section 24 of the Finance Act, 1921-22, of Debentures as under — New Zealand Loans Act, 1908 — 10,300 0 0 Land for Settlements Act, 1908 .. Finance Act, 1924, Section 16 .. .. .. .. .. 100,000 0 0 ——— 100,000 0 0 Amount credited to Reoeipts on account of Capital Value of Land under the Land Act, 1908, Section 191, in previous years, now transferred to Discharged Soldiers 7,190 0 0 Settlement Account Land Laws Amendment Act, 1913, Section 63, and Appropriation Act, 191S, Section 42, — Amount transferred to Land for Settlements Account (Opening up Orowu Lands for 40,000 0 0 Settlement Account) .. .. .. .. .. .. .. .. 15,000 0 0 Charges and expenses of raising loans, — New Zealand Loans Act, 1908— 14 5 0 Land for Settlements Act, 1908 (redemptions) 5 7 6 Land Laws Amendment Act,1913 (redemptions) .. .. .. .. 9 17 6 New Zealand State-guaranteed Advances Acts, 1909 and 1910 — Land for Settlements Branch (redemptions) .. .. .. .. 59 10 5 Land for Settlements Branch (renewals) .. .. .. .. .. 2 17 6 Stamp Duty on transfers of New Zealand Consolidated Stock, 1944— New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch) .. .. .. .. .. .. .. 57 14 7 130 0 0 19 12 6 Balance at end of Year, — 42,508 8 8 Cash in the Public Account .. .. .. .. .. .. .. 1,731 13 0 Imprests outstanding— 4,290 15 5 In the Dominion.. .. .. .. .. .. .. .. 1,671 1 11 100,000 0 0 Investment Account .. .. .. .. .. .. 57,500 0 0 60,902 14 11 146,799 4 1 £652,641 2 9 Totals .. .. . . .. .. .. .. £852,109 1 5 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be shown on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS., 1 924-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

30

LAND FOR SETTLEMENTS ACOOTINT 1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ s. d. £ a. d. 8,207 17 11 Cash in the Public Aoeount .. .. .. .. .. .. 32,282 3 8 Imprests outstanding— 2,516 18 1 In the Dominion .. .. .. .. .. .. .. 916 14 0 33,198 17 8 10,724 16 0 Credits-in-Aid,— Vote—Land for Settlement of Discharged Soldiers: Expenses.. .. .. .. 20 17 7 Credits in reduotion of Expenditure on Estates, — 357 18 2 Acquirement of Estates .. .. .. .. .. .. .. 27 16 2 Expenses incidental to Estates .. .. .. .. .. .. 24,322 1 10 24,349 18 0 Receipts derived from Estates, — 44,756 19 7 Rents .. .. .. .. .. .. .. .. .. 64,361 4 11 1,470 1 6 Sales .. .. .. .. .. .. .. .. .. 1,298 15 2 Interest on Sales .. .. .. .. .. .. .. .. 270 16 7 65,930 16 8 46,227 1 1 Receipts under Seotion 3 (4) of the Land Laws Amendment Act, 1922 (Transfer from Land for Settlements Aoeount, being amount appropriated from reoeipts from Sale of Crown Lands) .. .. .. .. .. .. .. 14,299 7 6 169 1 3 Interest on Securities held by Investment Account .. .. .. .. .. 256 8 9 £57,478 16 6 Totals .. .. .. .. .. .. .. £138,056 6 2 — I LAND FOR SETTLEMENTS ACCOUNT £ s. d. Balanoe at beginning of Year,— £ s. d. £ s. d. 480 16 8 Cash in the Public Account .. .. .. .. .. .. 1,776 11 4 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 397 10 1 2,174 1 5 Credits-in-Aid, — Vote—Opening up Land for Settlements .. .. .. .. .. 25 6 11 Land Laws Amendment Aot, 1913, — 20,044 13 3 Revenue received under Section 63 .. .. .. .. .. .. j .. 19,447 16 8 Land Laws Amendment Aot, 1913, Seotion 63, and Appropriation Act, 1918, Seotion 42, — 40,000 0 0 Amount set aside from Land for Settlements Acoount .. .. .. .. 15,000 0 0 £60,525 9 11 Totals .. .. .. ... .. ... .. £36,647 5 0 LOANS TO EMPLOYERS FOR £ s. d. Balanoe at beginning of Year,— £ s. d. £ s. d. 276 16 5 Cash in the Public > coount .. .. .. .. .. .. .. 90 14 1 £276 16 5 Totals .. .. .. .. .. .. .. £90 14 1 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B. —1 [PT. I].

PUBLIC ACCOUNTS, 1 924-1 9 25.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924 —continued.

31

(Discharged Soldiers Settlement Aoeount). 1923-1924. 1924-1925. Net. EXPENDITURE. Gross . £ s. d. Annual Appropriation,—- £ 8. d. £ s. d. 2,480 4 5 Vote—Land for Settlement of Discharged Soldiers: Expenses .. .. .. 6,377 2 10 Expenditure under the Land for Settlements Act, 1908, Section 82, — 707 18 3 Acquirement of Estates .. .. .. .. .. .. .. 200 0 0 15,221 7 3 Expenses incidental to Estates .. .. .. .. .. .. 27,306 3 9 27,506 3 9 15,929 5 6 Expenditure under Section 83 of the Land Act, 1924 (Transfer to Discharged Soldiers Settlement Account in rcspect of value of improvements) .. .. .. 800 0 0 Recoupments under the Finance Act, 1919, Section 4, — Interest .. .. .. .. .. .. .. .. 90,000 0 0 5,870 8 11 Sinking Fund .. .. .. .. .. .. .. .. 5,741 8 I 95,741 8 1 Balance at end of Year,— 32,282 3 8 Cash in the Public Account .. .. .. .. .. .. 6,571 0 4 Imprests outstanding— 916 14 0 In the Dominion .. .. .. .. .. .. .. 1,060 11 2 — 7,631 11 6 33,198 17 8 £57,478 16 6 Totals .. .. .. .. .. .. .. £138,056 6 2 (Opening up Grown Lands for Settlement). £ s. d. Annual Appropriation,—r £ s. d. £ s. d. 49,1S"> 13 0 Vote —Opening up Land for Settlements .. . .. .. .. .. 23,169 5 11 Recoupments under the Finance Aot, 1919, Section 4, — 8,063 9 4 Interest .. .. .. .. .. .. .. .. .. 8,145 19 4 1,102 6 2 Sinking Fund .. .. .. .. .. .. .. .. 1,149 7 0 9,295 6 4 9,165 15 6 Balance at end of Year, — 1,776 11 4 Cash in the Public Account .. .. .. .. .. .. 4,182 12 9 Imprests outstanding— 397 10 1 In the Dominion 4,182 12 9 2,174 1 5 £60,525 9 11 Totals .. .. .. .. .. .. .. £36,647 5 0 WORKERS' DWELLINGS ACCOUNT. £ s. d. Recoupments under the Finance Act, 1919, Section 4, — £ a. d. £ s. d. 178 17 6 Interest .. .. .. .. .. . .. .. .. .. 90 14 1 7 4 10 Sinking Fund 90 14 1 186 2 4 Balance at end of Year, — 90 14 1 Cash in the Public Account £276 16 5 Totals .. .. .. .. .. .. .. £90 14 1 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 924- 1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

32

1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ a. d. £ s. d. 50,020 0 0 Cash in the Public Account .. .. .. .. .. .. 21,590 0 0 Investment Account .. .. .. .. .. .. .. 25,000 0 0 — 46,590 0 0 50,020 0 0 X e w Zealand Loans Act, 1908, — Inscribed Stock issued in conversion of Bonds, as per oontra — New Zealand Inscribed Stock Act, 1917— Aid to Public Works and Land Settlement Act, 1907 — 1,000 0 0 5J-per-cent. Inscribed Stock, 1928 5£-per-cent. Inscribed Stook, 1933 .. .. .. . > .. 1,000 0 0 Aid to Public Works and Land Settlement Act, 1921— 400 0 0 j 6-per-cent. Inscribed Stock, 1926 Discharged Soldiers Settlement Loans Act, 1920— 26,400 0 0 5$-per-cent. Inscribed Stock, 1933 .. .. .. .. .. 41,600 0 0 Finance Act, 1915, Section 105 (Public Works) — 500 0 0 4J-per-cent. Inscribed Stock, 1925 500 0 0 4 j-per-eeiit. Inscribed Stock, 1940 .. .. .. .. .. 350 0 0 700 0 0 5J-per-cent. Inscribed Stock, 1930 .. .. .. .. .. 200 0 0 Finance Act, 1916, Section 35 (War Expenses)— 4,050 0 0 4J-per-cent. Inscribed Stock, 1930 .. .. .. .. .. 41.300 0 0 49,900 0 0 4J-per-cent. Inscribed Stock, 1938 .. .. .. .. 10,100 0 0 550 0 0 6-per-cent. Inscribed Stock, 1926 .. .. .. .. .. 500 0 0 Finance Act, 1918, Section 10 (War Expenses)— 5-*per-cent. Inscribed Stock, 1929 .. .. .. .. .. 50 0 0 5|-per-cent. Inscribed Stock, 1930 .. .. .. .. .. 100 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses)— 72,800 0 0 Inscribed Stock, 1939 .. .. .. .. .. 65,600 0 0 Land for Settlements Act, 1908 — 1,000 0 0 5J-per-cent. Inscribed Stock, 1928 Native Land Amendment Act, 1913 — 10,000 0 0 4£-per-cent. Inscribed Stock, 1926 40,000 0 0 4£-per-cent. Inscribed Stock, 1931 Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 — 1,000 0 0 4£-per-cent. Inscribed Stock, 1929 14,000 0 0 5-per-cent. Inscribed Stock, 1929 War Purposes Loan Act, 1917— 162,800 0 0 4J-per-cent. Inscribed Stock, 1938 .. .. .. .. 173,950 0 0 31,500 0 0 5-per-cent. Inscribed Stock, 1927 .. .. .. .. .. 15,000 0 0 349,750 0 0 417,100 0 0 Inscribed Stock issued in conversion of 4i-per-cent. Inscribed Stock — New Zealand Inscribed Stock Act, 1917 — Aid to Public Works and Land Settlement Act, 1903— /, 000 0 0 5J-per-cent. Inscribed Stock, 1928 Inscribed Stock issued in replacement of lost Bonds, as per contra — New Zealand Inscribed Stock Aot, 1917— Finance Act, 1916, Section 35 (War Expenses)— 50 0 0 4J-per-cent. Inscribed Stock, 1930 .. .. .. .. .. 100 0 0 100 0 0 4j-per-cent. Inscribed Stock, 1938 50 0 0 6-per-cent. Inscribed Stock, 1926 .. ... .. .. .. War Purposes Loan Act, 1917 —• 200 0 0 5-per-cent. Inscribed Stock, 1927 100 0 0 400 0 0 Inscribed Stock issued in conversion of Death-duty Stock, as per contra — New Zealand Inscribed Stock Act, 1917—• Discharged Soldiers Settlement Loans Act, 1920 — 10,150 0 0 5J-per-cent. Inscribed Stock, 1933 .. .. .. .. .. 10,100 0 0 Finance Act, 1918, Section 10 (War Expenses)— 2,200 0 0 4J-per-cent. Inscribed Stock, 1939 .. .. .. .. .. 3,500 0 0 War Purposes Loan Act, 1917 —■ 24,300 0 0 4£-per-cent. Inscribed Stock, 1938 .. .. .. .. .. 7,100 0 0 5£-per-cent. Inscribed Stock, 1941 .. .. .. .. .. 1,500 0 0 _____—. 22,200 0 0 36,650 0 0 — ———— Inscribed Stock issued for redemption of Death-duty Stock, as per contra — New Zealand Inscribed Stock Act, 1917—• Discharged Soldiers Settlement Loans Act, 1920 — 5J-per-cent. Inscribed Stock, 1933 Finance Act, 1918, Section 10 (War Expenses)— 4J-per-cent. Inscribed Stock, 1939 .. .. .. .. .. 15,000 0 0 War Purposes Loan Act, 1917 — 4J-per-cent. Inscribed Stook, 1938 .. .. .. .. .. 94,200 0 0 109,200 0 0 Inscribed Stock issued in replacement of Death-duty Stock, as per contra— New Zealand Inscribed Stock Act, 1917 — Discharged Soldiers Settlement Loans Act, 1920 — 5,550 0 0 SJ-per-cent. Inscribed Stock, 1933 .. .. .. .. .. 200 0 0 Finance Act, 1918, Section 10 (War Expenses)— 2,500 0 0 4J-per-cent. Inscribed Stock, 1939 .. .. .. .. .. 700 0 0 War Purposes Loan Act, 1917— 4J-per-cent. Inscribed Stock, 1938 .. .. .. .. .. 800 0 0 1,700 0 0 8,050 0 0 513,220 0 0 Carried forward .. .. .. .. .. 529,540 0 0 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as reoeipts, and are not deduoted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 9 24-1 925.

LOANS REDEMPTION ACCOUNT.

33

I ~[ 1923-1924. 1924-1925. «j , EXPENDITURE. Net. Gross. £ s. d. Bonds and Debentures converted into Inscribed Stock under Section 3 of the £ s. d. £ s. d. New Zealand Insoribed Stock Act, 1917, — New Zealand Loans Aot, 1908 —■ Aid to Public Works and Land Settlement Act, 1907 — 1,000 0 0 Due 1st February, 1928 .. .. .. .. .. .. .. Due 1st February, 1933 .. .. .. .. .. .. 1,000 0 0 Aid to Public Works and Land Settlement Act, 1921 — 400 0 0 Due 1st August, 1926 .. .. .. .. Discharged Soldiers Settlement Loans Act, 1920— 26,400 0 0 Due 15th January, 1933 .. .. .. .. .. .. 41,600 0 0 Education Purposes Loans Act, 1919— Finance Act, 1915, Section 105 (Public Works) — 500 0 0 Due 15th December, 1925 700 0 0 Due 15th December, 1930 .. .. .. .. .. . . 200 0 0 500 0 0 Due 15th December, 1940 .. .. .. . . . . 350 0 0 Finance Act, 1916, Section 35 (War Expenses)— 550 0 0 Due 1st August, 1926 .. .. .. .. .. .. 500 0 0 40,750 0 0 Due 1st September, 1930 .. .. .. .. .. 41,300 0 0 13,200 0 0 Due 1st September, 1941 .. .. .. .. .. .. 10,100 0 0 Finance Act, 1918, Section 10 (War Expenses)—■ Due 1st January, 1929 .. .. .. .. .. .. 50 0 0 Due 1st July, 1930 .. .. .. .. .. .. 100 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses)— 72,800 0 0 Due 20th April, 1939 .. .. .. .. .. .. 65,600 0 0 Land for Settlements Act, 1908 — 1,000 0 0 Due 1st February, 1928 Native Land Amendment Act, 1913— 50,000 0 0 Due 1st April, 1926 .. Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 — 15,000 0 0 Due 1st May, 1929 .. War Purposes Loan Act, 1917 — 162,800 0 0 Due 15th November, 1938 .. .. .. .. .. .. 173,950 0 0 War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68 —- 31,500 0 0 Due 15th November, 1927 .. .. .. .. .. .. 15,000 0 0 — — 349,750 0 0 417,100 0 0 tj-per-cent. Inscribed Stock converted into 5J-per-cent. Inscribed Stock, — New Zealand Loans Act, 1908 — New Zealand Insoribed Stock Aot, 1917 — Aid to Public Works and Land Settlement Act, 1903 — 1,000 0 0 Due 30th June, 1923 .. .. .. .. .. .. Public Revenues Act, 1910, Section 128, — Bonds lost and replaced by Inscribed Stock— Finance Act, 1916, Section 35 (War Expenses)— 50 0 0 Due 1st August, 1926, at 6 per cent. 150 0 0 Due 1st September, 1930, at 4\ per cent. .. .. .. 100 0 0 War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68 — 200 0 0 Due 15th November, 1927, at 5 per cent. — 100 0 0 400 0 0 | 418,500 0 0 Carried forward .. .. .. .. .. .. 349,850 0 0 . - ; I Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown aa receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

34

1923-1924. RECEIPTS. 1924-1925. £ a. d. £ 8. d. £ s. d. 513,220 0 0 Brought forward .. .. .. .. .. .. 529,540 0 0 New Zealand Loans Act, 1908, —- 5J-per-cent. Inscribed Stock, 1941, not free of Income-tax, issued in conversion of 4£-per-cent. Securities free of Income-tax — New Zealand Inscribed Stock Act, 1917— 600 0 0 Aid to Public Works and Land Settlement Aot, 1900 100 0 0 Aid to Public Works and Land Settlement Act, 1903 1,000 0 0 Aid to Public Works and Land Settlement Act, 1906 5,140 0 0 Finance Act, 1915, Sectipn 105 (Public Works) 44,250 0 0 Finance Act, 1916, Section 35 (War Expenses) 244,640 0 0 Finance Act, 1918, Section 10 (War Expenses) 35,900 0 0 Finance Act, 1918 (No. 2), (Part IV), (War Expenses) 10,500 0 0 Land for Settlements Act, 1908 New Zealand State-guaranteed Advances Acts, 1909 and 1910— 100 0 0 Land for Settlements Branch 448,150 0 0 War Purposes Loan Act, 1917 4,750 0 0 War Purposes Loan Act, 1917 (Death Duties) .. 795,130 0 0 5-per-cent. Inscribed Stock, 1941, not free of Income-tax, issued in conversion of 4|-per-cent. Securities free of Income-tax— New Zealand Inscribed Stock Act, 1917— 100 0 0 Aid to Public Works and Land Settlement Act, 1903 Finance Aot, 1915, Section 106, and Aid to Public Works and Land Settlement Aot, 1903 .. .. .. .. .. .. 100 0 0 3,650 0 0 Finance Act, 1916, Section 35 (War Expenses) .. .. .. .. 2,000 0 0 1,150 0 0 Finance Act, 1918, Section 10 (War Expenses) .. .. .. .. 600 0 0 600 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses) .. .. .. 2,900 0 0 6,900 0 0 War Purposes Loan Act, 1917 .. .. .. .. .. 21,200 0 0 26,800 0 0 12,400 0 0 Inscribed Stock issued in replacement of Stock Certificates— New Zealand Inscribed Stock Act, 1917, and Finance Aot, 1922, Section 3 — Finance Act, 1918, Section 10 (War Expenses)— 500 0 0 Inscribed Stock, 1939 200 0 0 5-per-cent. Inscribed Stock, 1929 War Purposes Loan Act, 1917— 100 0 0 4J-per-cent. Inscribed Stook, 1938 200 0 0 5-per-cent. Inscribed Stock, 1927 1,000 0 0 Stock Certificates issued in replacement of Inscribed Stock — New Zealand Inscribed Stock Act, 1917, and Finance Act, 1922, Section 3— Discharged Soldiers Settlement Loans Act, 1920 — 1,700 0 0 Stock Certificates, 1933 .. Finance Act, 1918, Section 10 (War Expenses)— 1,900 0 0 4£-per-cent. Stock Certificates, 1939 300 0 0 5-per-cent. Stock Certificates, 1929 .. .. .. .. .. . * War Purposes Loan Act, 1917 — 7,250 0 0 Stock Certificates, 1938 .. .. .. .. War Purposes Loan Act, 1917, and Finance Act, 1917. Section 68 — 1,100 0 0 5-per-cent. Stock Certificates, 1927 .. 12,250 0 0 Amounts transferred from Consolidated Fund (Ordinary Revenue Account) to redeem Securities as under, — New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act, 1902 .. .. .. 12,200 0 0 12,200 0 0 Aid to Public Works and Land Settlement Act, 1903 .. .. .. 700 0 0 565,500 0 0 Aid to Public Works and Land Settlement Act, 1904 2,000 0 0 Aid to Public Works and Land Settlement Act, 1906 Aid to Public Works and Land Settlement Act, 1907 .. .. .. 200 0 0 325 0 0 Finance Act, 1915, Seotion 105 (Public Works) 40,000 0 0 Land for Settlements Act, 1908 New Zealand Consols Aot, 1908 .. .. .. .. .. .. 475,491 14 0 159,150 0 0 War Purposes Loan Aot, 1917 New Zealand Inscribed Stock Act, 1917— 2,500 0 0 Discharged Soldiers Settlement Loans Aot, 1920 .. . 488,591 14 0 781,675 0 0 2,115,675 0 0 Carried forward .. .. .. .. •• 1,044,931 14 0 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduotion of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71,

B.—l [PT. I]

35

PUBLIC ACCOUNTS, 1 924-1 925.

LOANS REDEMPTION ACCOUNT—continued.

f) —B. 1 [PT. I].

iqoq.IQ9A 1924-1925. 1923-1924. EXPENDITURE. ~ cc Net. Gr08S - £ 8. d. £ s " £ s " d " 418,500 0 0 Brought forward .. .. .. .. .. .. j 349,850 0 0 Death-duty Stock redeemed, — New Zealand Loans Act, 1908—New Zealand Inscribed Stock Act, 1917— 5§-per-cent. Inscribed Stock, 1933 (Death Duties) — Discharged Soldiers Settlement Loans Act, 1920— Matured 20th March, 1924 .. .. .. .. .. . • 300 0 0 Matured 7tli May, 1924 .. .. .. .. .. • • 150 0 0 Matured 23rd May, 1924 .. .. .. .. .. .. 2,000 0 0 Matured 22nd October, 1924 .. .. .. .. • • 300 0 0 Matured 11 th December, 1924 .. .. .. .. • • 500 0 0 Matured 27th December, 1924 .. .. .. .. .. 500 0 0 Matured 14th February, 1925 .. .. .. .. • • 100 0 0 Matured 25th February, 1925 .. .. .. .. •. 100 0 0 11 Matured 6th March, 1925 .. .. .. .. .. • • 150 0 0 100 0 0 Matured 4th June, 1923 300 0 0 Matured 18th July, 1923 500 0 0 Matured 27th August, 1923 100 0 0 Matured 27th September, 1923 .. . . . • • • 500 0 0 Matured 3rd December, 1923 100 0 0 Matured 21st December, 1923 1,000 0 0 Matured 1st February, 1924 .. .. .. .. . • - 4 100 0 0 2,600 0 0 4 f-per-cent. Inscribed Stock, 1938 (Death Duties) — War Purposes Loan Act, 1917— Matured 4th April, 1924 .. .. .. .. •• •• 3,000 0 0 Matured 14th April, 1924 .. .. .. .. .. • • 10,000 0 0 Matured 23rd May, 1924 .. .. .. .. • • • • 10,000 0 0 Matured 6th June, 1924 .. .. .. .. .. • • 4,000 0 0 Matured 14th July, 1924 .. .. .. .. •• •• 1.000 0 0 Matured 31st July, 1924 .. .. .. .. .. •• 1»000 0 0 Matured 28th August, 1924.. .. .. .. .. •• 4,000 0 0 Matured 29th September, 1924 .. .. .. .. •• 1,500 0 0 Matured 16th October, 1924 .. .. .. •• •• 44,500 0 0 Matured 22nd October, 1924 .. .. •• •• •• 1,000 0 0 Matured 31st October, 1924 .. .. .. .. • • 8,000 0 0 Matured 1st November, 1924 .. .. •. • • • • 700 0 0 Matured 17th November, 1924 .. .. .. .. •• 3,000 0 0 Matured 11th December, 1924 .. . * .. •• •• 1,000 0 0 Matured 27th December, 1924 .. .. .. •• •• 1,000 0 0 150 0 0 Matured 4th April, 1923 250 0 0 Matured 4th June, 1923 200 0 0 Matured 23rd June, 1923 1,000 0 0 Matured 13th July, 1923 500 0 0 Matured 13th August, 1923.. 2,000 0 0 Matured 20th August, 1923.. 500 0 0 Matured 28th September, 1923 1,200 0 0 Matured 18th October, 1923 1,500 0 0 Matured 23rd October, 1923 1,000 0 0 Matured 31st October, 1923 1,000 0 0 Matured 1st November, 1923 3,500 0 0 Matured 3rd December, 1923 3,000 0 0 Matured 29th February, 1924 1,000 0 0 Matured 4th March, 1924 .. .. .. .. •• •• - 93 700 0 0 16,800 0 0 5J-per-cent. Inscribed Stock, 1941 (Death Duties) — War Purposes Loan Act, 1917— Matured 16th June, 1924 .. .. .. •• •• •• •• 500 0 0 437,900 0 0 Carried forward .. .. •• •• •• •• 448,150 0 0 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be fcund on page 11.

B.—l [PT. I.]

PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

36

1923-1924. RECEIPTS. 1924-1925. . £ s. d. £ b. d. £ s. d. 2,115,675 0 0 Brought forward .. .. .. .. .. .. 1,044.93) 14 0 Amounts transferred from appropriate Accounts for redemption of Debentures and Inscribed Stock matured, — For redemption of Debentures— 93,140 0 0 From War Expenses Account .. 37,250 0 0 From Land for Settlements Account .. .. .. .. .. 50,800 0 0 ; For redemption of Inscribed Stock-— 22,800 0 0 From War Expenses Account .. 2,600 0 0 From Discharged Soldiers Settlement Account .. .. .. .. 4,100 0 0 1 54,900 0 0 155,790 0 0 Amounts transferred from other Accounts for redemption and cancellation of Securities in terms of Section 24 of the Finance Act, 1921-22,- — 585,666 0 0 From Consolidated Fund (Ordinary Revenue Account) .. .. .. 563,338 12 10 31,400 0 0 From Public Works Fund (Electric Supply Account) 2,088,018 2 6 From War Expenses Account .. .. .. .. .. .. 7,295 17 6 500 0 0 From Discharged Soldiers Settlement Account 10,300 0 0 From Land for Settlements Account .. .. .. .. .. 100,000 0 0 670,634 10 4 2,715,884 2 6 Amounts received from the State Advances Office for redemption and cancellation of Securities in terms of Section 24 of the Finance Act, 1921-22, as under, — ; Fishing Industry Promotion Act, 1919 .. .. .. .. ... 0111 Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 .. 5 13 10 Housing Act, 1919, Section 30 .. .. .. .. .. 1 17 5 State Advances Act, 1913— Advances to Settlers Branoh .. .. .. .. .. .. 300,000 0 0 300,008 2 4 Sinking Funds held by State Advances Office set free to redeem Debentures as under, — New Zealand State-guaranteed Advances Acts, 1909 and 1910— | Advances to Workers Branch .. 1,700 0 0 Advances to Settlers Branch Sinking Funds held by the Public Trustee set free to redeem Securities as under,— } Finance Act, 1916, Section 35 (War Expenses) .. .. .. .. 12,528 0 0 200,000 0 0 | Finance Act, 1918, Section 10 (War Expenses) .. .. .. .. 17,940 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses) .. .. .. .. 2,888 0 0 Naval Defence Act, 1909 .. .. .. .. .. .. 180,000 0 0 1 War Purposes Loan Act, 1917 .. .. .. .. .. .. 44,112 15 0 New Zealand Inscribed Stock Act, 1917 — Finance Act, 1916, Section 35 (War Expenses) .. .. .. .. 53,152 5 6 Finance Act, 1918, Section 10 (War Expenses) .. .. .. .. 31,654 5 0 Finance Act, 1918, No. 2, Part IV (War Expenses) .. .. .. 970 0 0 War Purposes Loan Act, 1917 .. .. .. .. .. .. 351,381 14 6 — 694,627 0 0 I Sinking Funds held by Commissioners of Public Debt Sinking Funds set free to redeem securities as under,— j Westport Harbour Act, 1920, and Westport Harbour Board Act, 1884.. .. .. 150,000 0 0 ' Treasury Bills issued for redemption of Debentures before maturity,— New Zealand Loans Act, 1908 — Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement), (to 1,000,000 0 0 mature 30th June, 1924) Finance Act, 1920, Section 15 (Public Works), (to mature 30th June, 1925) .. 200,000 0 0 ——- 200,000 0. 0 Treasury Bills issued for redemption of Debentures at maturity, — New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1903 (to mature 28th March, 100,000 0 0 1924) 6,289,049 2 6 Carried forward .. .. .. .. .. .. .. 3,115,101 6 8 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [Pt. 1

37

PUBLIC ACCOUNTS, 19 24-1 92 5

LOANS REDEMPTION ACCOUNT—continued.

I — 1923-1924. fvpfn niTi !DC 1924-1925. EXPENDITURE. Net. Gross. J £ s. d. £ s. d. £ s. d. 437,900 0 0 Brought forward .. .. .. .. .. .. 448,150 0 0 Death-duty Stock redeemed —continued. New Zealand Loans Act, 1908 —continued. New Zealand Inscribed Stock Act, 1917 —continued. Finance Act, 1918, Section 10 (War Expenses) — 4£-per-cent. Inscribed Stock, 1939 (Death Duties) — Matured 4th April, 1924 .. .. .. .. .. .. 2,000 0 0 Matured 12th July, 1924 .. .. .. .. .. 500 0 0 Matured 14th July, 1924 .. .. .. .. .. 5,000 0 0 Matured 28th August, 1924 .. .. .. .. .. 2,000 0 0 Matured 17th November, 1924 .. .. .. .. .. 2,500 0 0 Matured 11th December, 1924 .. .. .. .. .. 500 0 0 Matured 27th December, 1924 .. .. .. .. .. 500 0 0 Matured 12th February, 1925 .. .. .. .. .. 2,000 0 0 2,500 0 0 Matured 11th April, 1923 .. 1,000 0 0 Matured 28th September, 1923 1,500 0 0 Matured 1st November, 1923 1,000 0 0 Matured 1st February, 1924 15,000 0 0 6,000 0 0 Inscribed Stock (Death Duties) converted into Inscribed Stock, —■ Discharged Soldiers Settlement Loans Act, 1920 (5-J- per cent., 1933) — New Zealand Inscribed Stock Act, 1917, Section 3, and Discharged Soldiers 10,150 0 0 Settlement Loans Act, 1920, Section 5, Subsection (5) .. .. .. 10,100 0 0 War Purposes Loan Act, 1917 (4J per cent., 1938) — New Zealand Inscribed Stock Act, 1917, Section 3, and Finance Act, 1917, 24,300 0 0 Section 76, Subsection (3) .. .. .. .. .. .. 7,100 0 0 War Purposes Loan Act, 1917 (5£ per cent., 1941) — New Zealand Inscribed Stock Act, 1917, Section 3, and Finance Act, 1917, Section 76, Subsection (3) .. .. .. .. .. .. 1,500 0 0 Finance Act, 1918, Section 10 (War Expenses), (4| per cent., 1939) — New Zealand Inscribed Stock Act, 1917, Section 3, and Finance Act, 1918, 2,200 0 0 Section 15, Subsection (5) .. .. .. .. .. .. 3,500 0 0 22,200 0 0 36,650 0 0 Inscribed Stock (Death Duties) replaced by Inscribed Stock, — New Zealand Inscribed Stock Act, 1917— Discharged Soldiers Settlement Loans Act, 1920 (5J per cent., 1933) — 5,550 0 0 Discharged Soldiers Settlement Loans Act, 1920, Section 5, Subsection (6) .. 200 0 0 Finance Act, 1918, Section 10 (War Expenses), (4J per cent., 1939) — 2,500 0 0 Finance Act, 1918, Section 15, Subsection (6) .. .. .. .. 700 0 0 War Purposes Loan Act, 1917 (4J per cent., 1938) — Finance Act, 1917, Section 76, Subsection (4) .. .. .. .. 800 0 0 1,700 0 0 8,050 0 0 4J-per-cent. Securities, free of Income-tax, converted into 5-per-cent. Inscribed Stock, 1941, not free of Income-tax, — New Zealand Loans Act, 1908 — Finance Act, 1915, Section 106 — 100 0 0 Aid to Public Works and Land Settlement Act, 1903 (due 1st January, 1926) 100 0 0 3,450 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1930) .. 1,900 0 0 600 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (due 20th April, 1939) .. 2,900 0 0 6,100 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) .. .. .. 6,100 0 0 New Zealand Inscribed Stock Act, 1917— 200 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 15th November, 1938) 100 0 0 1,150 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1939) .. 600 0 0 800 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) .. .. 15,100 0 0 i 26,800 0 0 12,400 0 0 501,000 0 0 Carried forward .. .. .. .. .. .. I 513,850 0 0 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits ill reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [Ft. I].

PUBLIC ACCOUNTS, 1 924- 1 9 25.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

38

1923-1924. RECEIPTS. 1924-1925. £ s. d. £ s. d. £ s. d. 6,289,049 2 6 Brought forward .. .. .. .. .. .. 3,115,101 6 8 Treasury Bills issued for redemption of Treasury Bills at maturity,— New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act, 1903— To mature 19th July, 1924 .. .. .. .. .. .. 100,000 0 0 To mature 18th October, 1924 .. .. .. .. .. 100,000 0 0 To mature 19th January, 1925 .. .. .. .. .. 100,000 0 0 To mature 20th April, 1925 .. .. .. .. .. .. 100,000 0 0 Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement) — To mature 30th September, 1924 .. .. .. .. .. 1,000,000 0 0 To mature 30th December, 1924 .. .. .. .. .. 1,000,000 0 0 To mature 30th March, 1925 .. .. .. .. .. .. 1,000,000 0 0 To mature 30th June, 1925 .. .. .. .. .. .. 1,000,000 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses)— To mature 30th July, 1924 .. .. .. .. .. .. 20,200 0 0 To mature 30th October, 1924 .. .. .. .. .. 20,200 0 0 To mature 30th January, 1925 .. .. .. .. .. 20,200 0 0 To mature 30th April, i925 .. .. .. .. .. .. 20,200 0 0 Finance Act, 1920, Section 15 (Public Works) — To mature 29th July, 1924 .. .. .. .. .. .. 400,000 0 0 To mature 29th October, 1924 .. .. .. .. .. 400,000 0 0 To mature 29th January, 1925 .. .. .. .. .. 400,000 0 0 To mature 29th April, 1925 .. .. .. .. .. .. 400,000 0 0 Finance Act, 1921, Section 10 (Public Works) — To mature 29th July, 1924 .. .. .. .. .. .. 100,000 0 0 To mature 29th October, 1924 .. .. .. .. .. 100,000 0 0 To mature 29th January, 1925 .. .. .. .. .. 100,000 0 0 To mature 29th April, 1925 .. .. .. .. .. .. 100,000 0 0 Native Land Amendment Act, 1913 — To mature 30th July, 1924 .. .. .. .. .. .. 75,000 0 0 To mature 30th October, 1924 .. .. .. .. .. 75,000 0 0 To mature 30th January, 1925 .. .. .. .. .. 75,000 0 0 To mature 30th April, 1925 .. .. .. .. .. .. 75,000 0 0 War Purposes Loan Act, 1917— To mature 30th July, 1924 .. .. .. .. .. .. 404,800 0 0 To mature 30th October, 1924 .. .. .. .. .. 404,800 0 0 To mature 30th January, 1925 .. .. .. .. .. 404,800 0 0 To mature 30th April, 1925 .. .. .. .. .. .. 404,800 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 29th September, 20,200 0 0 1923) 75,000 0 0 Native Land Amendment Act, 1913 (to mature 29th September, 1923) 404,800 0 0 War Purposes Loan Act, 1917 (to mature 29th September, 1923) 400,000 0 0 Finance Act, 1920, Section 15 (Public Works), (to mature 29th October, 1923) 100,000 0 0 Finance Act, 1921, Section 10 (Public Works), 'to mature 29th October, 1923) Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 29th December, 20,200 0 0 1923) .. 75,000 0 0 Native Land Amendment Act, 1913 (to mature 29th December, 1923) 404,800 0 0 War Purposes Loan Act, 1917 (to mature 29th December, 1923) 400,000 0 0 Finance Act, 1920, Section 15 (Public Works), (to mature 29th January, 1924) 100,000 0 0 Finance Act, 1921, Section 10 (Public Works), (to mature 29th January, 1924) 20,200 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 29th March, 1924) 75,000 0 0 Native Land Amendment Act, 1913 (to mature 29th March. 1924) .. 404,800 0 0 War Purposes Loan Act, 1917 (to mature 29th March, 1924) 400,000 0 0 Finance Act, 1920, Section 15 (Public Works), (to mature 29th April, 1924) 100,000 0 0 Finance Act, 1921, Section 10 (Public Works), (to mature 29th April, 1924) .. 100,000 0 0 Aid to Public Works and Land Settlement Act, 1903 (to mature 19th April, 1924) 20,200 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 30th April, 1924) 75,000 0 0 Native Land Amendment Act, 1913 (to mature 30th April. 1924) 404,800 0 0 War Purposes Loan Act, 1917 (to mature 30th April, 1924) — — 8,400,000 0 0 3,600,000 0 0 Transfer from Consolidated Fund (Ordinary Revenue Account) for reduction of Funded Debt in terms of Section 8 of the Finance Act, 1922, under Memorandum of Agreement with the Imperial Government dated 6th September, 292,963 10 4 1922 .. .. .. .. . .. .. .. .. .. 307,718 4 5 10,182,012 12 10 Carried forward .. .. .. .. .. .. 11,822,819 11 1 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [FT. I].

PUBLIC ACCOUNTS, 1924-1925.

LOANS REDEMPTION ACCOUNT —continued.

39

1923-1924. EXPENDITURE. 192 *~ 1925 - Net. Gross. £ s. d. £ s. d. £ s. d. 501,000 0 0 Brought forward .. .. .. .. .. .. 513,850 0 0 4£-per-cent. Securities, free of Income-tax, converted into 5J-per-cent. Inscribed Stock, 1941, not free of Income-tax, —- New Zealand Loans Act, 1908— 4,950 0 0 Finance Act, 1915, Section 105 (Public Works), (due loth December, 1925) 150 0 0 Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1935) 40 0 0 Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1940) Finance Act, 1915, Section 106— 100 0 0 Aid to Public Works and Land Settlement Act, 1900 (due 1st May, 1926) .. 500 0 0 Aid to Public Works and Land Settlement Act, 1900 (due 1st May, 1941) .. 100 0 0 Aid to Public Works and Land Settlement Act, 1903 (due 1st January, 1941) 1,000 0 0 Aid to Public Works and Land Settlement Act, 1906 (due 1st July, 1941) .. 10,500 0 0 Land for Settlements Act, 1908 (due 1st July, 1941) New Zealand State-guaranteed Advances Acts, 1909 and 1910 — 100 0 0 Land for Settlements Branch (due 1st July, 1941) 21,600 0 0 Finance Act, 1916, Seotion 35 (War Expenses), (due 1st September, 1930) 5,700 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1941) 35,900 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (due 20th April, 1939) 178,100 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) New Zealand Inscribed Stock Act, 1917— 16,950 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 15th November, 1938) .. 244,640 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1939) 269,900 0 0 War Purposes Loan Act, 1917 (due ]5th November, 1938) 4,750 0 0 War Purposes Loan Act, 1917 (Death Duties), (due 15th November, 1938) .. New Zealand Inscribed Stock Act, 1917, and Finance Act, 1922, Section 3 — 150 0 0 War Purposes Loan Act, 1917 (Stock Certificates), (due 15th November, 1938) 795,130 0 0 5£-per-cent. Inscribed Stock replaced by Stock Certificates under the Finance Act, 1922, Section 3, — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— 1,700 0 0 Discharged Soldiers Settlement loans Act, 1920 (due 15th January, 1933) .. 4 1 -per-cent. Inscribed Stock replaced by Stock Certificates under the Finance Act, 1922, Section 3,— New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— 1,900 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1939) 7,250 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) 9,150 0 0 5-per-cent. Inscribed Stock replaced by Stock Certificates under the Finance Act, 1922, Section 3, — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— 300 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1929) 1,100 0 0 War Purposes Loan Act, 1917 (due 15th November, 1927) 1,400 0 0 1,308,380 0 0 Carried forward .. .. .. .. .. .. 513,850 0 0 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. T].

PUBLIC ACCOUNTS, 19'2 4 1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

40

1923-1924. RECEIPTS. 1924-1925. £ s. d. £ s. d. £ s. d. 10,182,012 12 10 Brought forward .. .. .. .. .. .. 11,822,819 11 1 Inscribed Stock issued for redemption of Securities before maturity,.— New Zealand Loans Act, 1908 — New Zealand Consolidated Stock, 1933/1943— New Zealand State-guaranteed Advances Acts, 1909 and 1910 — Land for Settlements Branch (portion of amount received in respect of 21,840 * 0 0 £210,000 authorized —part of £4,000,000 4-per-cent. Stock Loan) Advances to Settlers Branch (portion of amount received in respect of 4,160 0 0 £40,000 authorized —part of £4,000,000 4-per-cent. Stock Loan) Advances to Workers Branch (portion of amount received in respect of 78,000 0 0 £750,000 authorized —part of £4,000,000 4-per-cent. Stock Loan) New Zealand Inscribed Stock Act, 1917 —- Aid to Public Works and Land Settlement Act, 1921 (to mature 1st February, 100,000 0 0 1928), at 5J per cent. Aid to Public Works and Land Settlement Act, 1921 (to mature 1st July, 24,170 0 0 1928), at 5 per cent. .. .. .. .. .. .. .. Discharged Soldiers Settlement Loans Act, 1920 (to mature 15th January, 1,000 0 0 1933), at per cent. Education Purposes Loan Act, 1919 (to mature 1st February, 1928), at per 55,000 0 0 cent. .. .. .. .. .. .. Finance Act, 1918, Section 10 (War Expenses), (£o mature 1st January, 1929) at 5 per cent. .. .. .. .. .. .. .. 50 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1930) at 5| per cent. .. .. .. .. .. .. .. 227,430 0 0 227,480 0 0 284,170 0 0 New Zealand Consolidated Stock, 1933/1943 — New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch) — Amount received in respect, of £210,000 authorized (part of £4,000,000 188,160 0 0 5-per-cent. Stock Loan) .. New Zealand State-guaranteed Advances Act, 1909 and 1910 (Advances to Settlers Branch) — Amount received in respect of £40,000 authorized (part of £4,000,000 35,840 0 0 4-per-cent. Stock Loan) New Zealand State-guaranteed Advances Act», 1909 and 1910 (Advances to Workers Branch) — Amount received in respect of £750,000 authorized (part of £4,000,000 672,000 0 0 4-per-cent. Stock Loan) .. 896,000 0 0 Inscribed Stock issued for redemption of Debentures at maturity,— New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 1st July, 1930) at 5J per cent. .. .. .. .. .. .. 53,220 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st January, 1929), at 5 per cent. .. .. .. .. .. .. 66,310 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1929), at 5 per cent. .. .. .. .. .. .. 47,410 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st September, 1929), at 5 per cent. .. .. .. .. .. .. 40,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1930), at 5£ per cent. .. .. .. .. .. 121,490 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1928), 51,590 0 0 at 5 per cent. .. .. .. .. .. Finance Act, 1918, Section 10 (War Expenses), (to mature 1st January, 1929), 42,400 0 0 at 5 per cent. Finance Act, 1918, Section 10 (War Expenses), (to mature 1st May, 1929), 8,000 0 0 at 5 per cent. Finance Act, 1918, Section 10 (War Expenses), (to mature 1st February, 1928), 187,160 0 0 at 5£ per cent. War Purposes Loan Act, 1917 (to mature 1st August, 1927), at 5J per cent. War Purposes Loan Act, 1917 (to mature 1st February, 1927), at 5 J per cent. 38,080 0 0 War Purposes Loan Act, 1917 (to mature 1st February, 1928), at 5J per cent. 1 328,430 0 0 327,230 0 0 11,689,412 12 10 Carried forward .. .. .. .. .. .. 12,378,729 11 1 I Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

LOANS REDEMPTION ACCOUNT—continued.

41

1923-1924. EXPENDITURE. 1924-1925. Net. Gross. £ a. d. £ s. d. £ s d. 1,308,380 0 0 Brought forward .. .. .. .. .. .. 513,850 0 0 5-per-cent. Stock Certificates replaced by Inscribed Stock under the Finance Act, , 1922, Section 3,— New Zealand Loans Act, 1908 — 200 0 0 .Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1929) 200 0 0 War Purposes Loan Act, 1917 (due 15th November, 1927) .. MO 0 0 4|-per-cent. Stock Certificates replaced by Inscribed Stock under the Finance Act, 1922, Section 3,- — New Zealand Loans Act, 1908— 500 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1939) 100 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) 600 0 0 Securities redeemed and cancelled in terms of Section 24 of the Finance Act, 1921-22,— Inscribed Stock under— New Zealand Loans Act, 1908 — New Zealand Consolidated Stock, 1929 (nominal value, £350,000) .. .. 334,236 15 2 New Zealand Inscribed Stock Act, 1917— Discharged Soldiers Settlement Loans Act, 1920 — 1,500 0 0 5J-per-oent. Inscribed Stock, 1933 Electric-power Works Loan Act, 1919 — 31,000 0 0 5-per-cent. Inscribed Stock, 1930 .. Finance Act, 1910, Section 35 (War Expenses) — I 56,180 0 0 4J-per-cent. Inscribed Stock, 1938 (nominal value, £57,100) .. 4|-per-cent. Inscribed Stock 1930 (nominal value, £50) .. .. 48 12 0 4J-per-cent. Inscribed Stock, 1938 (nominal value, £54,930) .. .. 53,152 5 6 700 0 0 6-per-cent. Inscribed Stock, 1926 Finance Act, 1918, Section 10 (War Expenses)— 5-per-cent. Inscribed Stock, 1928 .. .. .. .. .. 1,900 0 0 4J-per-cent. Inscribed Stock, 1938 .. .. .. .. 2,380 0 0 4|-per-cent. Inscribed Stock, 1939 (nominal value, (£28,440) .. .. 28,050 5 0 126,334 5 0 4|-per-cent. Inscribed Stock, 1939 (nominal value, £127,800) .. Finance Act, 1918 (No. 2), Part IV (War Expenses)— 4-J-per-cent. Inscribed Stock, 1939 (nominal value, £1,000) .. .. 970 0 0 Native Land Amendment Act, 1913— 5,000 0 0 4J-per-cent. Inscribed Stock, 1926 War Purposes Loan Act, 1917 — 5J-per-cent. Inscribed Stock, 1927 ... .. .. .. 2,680 0 0 5-per-cent. Inscribed Stock, 1927 (nominal value, £500) .. .. 489 7 6 4|-per : cent. Inscribed Stock, 1938 (nominal value, £296,016) .. .. 293,430 10 10 5J-per-cent. Inscribed Stock, 1941 .. .. .. .. 55,890 0 0 860,556 0 0 4J-per-cent. Inscribed Stock, 1938 (nominal value, £863,400) 292 10 0 5-per-cent. Inscribed Stock, 1927 (nominal value, £300) I 773,227 16 6 1,080,562 15 0 2,389,942 15 0 Carried forward .. .. .. .. .. .. 1,287,077 16 6 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 924-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

42

1928-1924, RECEIPTS. 1924-1925. i s. d. £ s. d. £ s. d. 11,689,412 12 10 Biought forward .. .. .. .. .. .. 12,378,729 II I New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 1933/1943 — New Zealand State-guaranteed Advances Act, 1909 and 1910— Land for Settlements Branch — Interest on overdue Instalments of £210,000 raised for Redemptions, utilized 2 12 5 to meet Charges and Expenses Advances to Settlers Branch — Interest on overdue Instalment of £40,000 raised for Redemptions, utilized 0 10 0 to meet Charges and Expenses Advances to Workers Branch — Interest on overdue Instalments of £750,000 raised for Redemptions, utilized 9 7 3 to meet Charges and Expenses .. .. .. .. .. .. 12 9 8 5-per-cent. Inscribed Stock issued in respect of Amount required to cover Stamp 'Duty on Transfers, — New Zealand Consolidated Stock, 1935/1945 — 288 0 4 War Purposes Loan Act, 1917 .. .. .. .. .. .. 233 19 3 16 19 2 Aid to Public Works and Land Settlement Act, 1902 .. .. .. 13 15 6 247 14 9 I 304 19 6 Debentures issued for redemption of Debentures before maturity,— New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1905 (to mature 1st January, 16,000 0 0 1931) Aid to Public Works and Land Settlement Act, 1906 (to mature 1st January, 100,000 0 0 1929) Aid to Public Works and Land Settlement Act, 1921 (to mature 1st December, 175,830 0 0 1929) .. .. .. .. .. .. .. .. 100,00® 0 0 Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, Section 82 20,000 0 0 (to mature 1st March, 1929) .. Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, Section 82 (to mature 1st March, 1929) .. .. .. .. .. .. 20,000 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (to mature 1st 163,000 0 0 September, 1927) .. Discharged Soldiers Settlement Loans Act, 1919, Section 4 (to mature 1st March, 1925) .. .. .. .. .. .. .. .. 87,150 0 0 Finance Act, 1915, Section 105 (Public Works), (to mature 15th December, 1925) 100,000 0 0 Finance Act, 1915, Section 105 (Public Works), (to mature 15th December, 1930) 80,000 0 0 Finance Act, 1916, Section 35 (War Expenses), (to mature 1st September, 1930) 100 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st June, 1928) .. 40,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 4th February, 1930) 450 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 27th February, 1930) 240 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 20th April, 1930) .. 33,840 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1930) .. 44,600 0 0 30,000 0 0 Education Purposes Loan Act, 1919 (to mature 1st January, 1929) .. 10,000 0 0 Finance Act, 1918 (No. 2), Section 32 (State Forests), (to mature 1st August, 1928) 37,000 0 0 Finance Act, 1920, Section 15 (Public Works), (to mature 1st December, 1930) 200,000 0 0 63,000 0 0 Finance Act, 1921, Section 10 (Public Works), (to mature 1st September, 1931) 16,400 0 0 Government Railways Amendment Act, 1910 (to mature 1st January, 1929) 4,000 0 0 Hauraki Plains Amendment Act, 1913 (to mature 1st February, 1931) Hauraki Plains Amendment Act, 1913, and Finance Act, 1921-22, Section 23 7,000 0 0 (to mature 1st February, 1931) .. • Hauraki Plains Amendment Act, 1913, and Finance Act, 1922, Section 17 (to 10,000 0 0 mature 1st February, 1931) .. Housing Act, 1919, Section 30 (to mature 1st July, 1926) .. ... .. 30,000 0 0 25,000 0 0 Housing Act, 1919, Section 30 (to mature 1st July, 1930) .. .. .. 60,000 0 0 67,000 0 0 Land for Settlements Act, 1908 (to mature 1st January, 1929) .. .. 100,000 0 0 Native Land Amendment Act, 1913 (to mature 1st April, 1929) .. .. 100,000 0 0 2,400 0 0 Native Land Amendment Act, 1913 (to mature 1st April, 1930) .. .. 90,000 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Workers Branch), (to mature 1st February, 1929) .. .. .. 200,000 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settle9,200 0 0 ments Branch), (to mature 1st January, 1929) .. Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1923, 10,000 0 0 Section 5 (to mature 1st December, 1929) Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 (to mature 20,000 0 0 1st May, 1929) Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1919, 50,000 0 0 Section 6 (to mature 1st August, 1930).. Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1922, 35,000 0 0 Section 16 (to mature 1st February, 1930) War Purposes Loan Act, 1917 (to mature 15th November, 1938) .. .. 5,700 0 0 1,292,080 0 0 870,830 0 0 12,660,560 2 0 Carried forward .. .. .. .. .. .. 13,671,057 5 10 Note. — In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purpose of comparison a summary showing the net expenditure will be found on page 71.

43

B.—l [PT. I],

PUBLIC ACCOUNTS, 1924-1925.

LOANS REDEMPTION ACCOUNT—continued.

7-B. I [Pt. I].

1923 -f 4 ' EXPENDITURE. 1924 1925 - Net. Gross. £ s. d. £ s. d. £ s. d. 2,389,942 15 0 Brought forward .. .. .. .. .. .. 1,287,077 16 6 Securities redeemed and cancelled in terms of Section 24 of the Finance Act, I 1921-22 —continued. Debentures under —■ New Zealand Loans Act, 1908—■ Aid to Public Works and Land Settlement Act, 1921 (due 6th February, 1927) 200,000 0 0 Aid to Public Works and Land Settlement Act, 1921 (due 1st December, 1929) .. .. .. .. .. .. .. .. 100,000 0 0 Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, Section 82 (due 1st March, 1929) .. .. .. .. .. . . 20,000 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st March, 1925) .. .. .. .. .. .. .. .. 32,650 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 3rd March, | 1926) .. .. .. .. .. .... .. 17,000 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st | September, 1927).. .. .. .. .. .. .. 37,500 0 0 Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1925) 180,000 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1930), (nominal value, £12,830) .. .. .. .. .. .. 12,628 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 1st June, 1928) .. 140,350 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1930) .. 233,500 0 0 Finance Act, 1918, No. 2, Part IV (War Expenses), (due 20th April, 1939), I (nominal value, £3,100) .. .. .. .. .. .. 2,984 15 0 Finance Act, 1918, No. 2, Section 30 (Gold Storage Advances), (due 1st March, 1929) .. .. .. .. .. .. 7,500 0 0 Finance Act, 1920, Section 15 (Public Works), (due 1st December, 1925) .. 400,000 0 0 i Fishing Industry Promotion Act, 1919, (due 1st December, 1928) .. .. 360 0 0 Fruit Preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (due 1st April, 1930) .. .. .. .. .. .. .. 4,500 0 0 Housing Act, 1919, Section 30 (due 1st July, 1926) .. .. .. 106,750 0 0 Land for Settlements Act, 1908 (due 1st January, 1927) .. .. .. 100,000 0 0 Land for Settlements Act, 1908 (due 1st January, 1929) .. .. .. 100,000 0 0 | Native Land Amendment Act, 1913 (due 1st Aj-ril, 1926) .. .. 70,000 0 0 I Native Land Amendment Act, 1913 (due 1st April, 1929) .. .. 120,000 0 0 New Zealand State-guaranteed Advances Acts 1909 and 1910 (Advances to Settlers Branch), (due 1st February, 1929) .. .. .. .. 4,108 17 5 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Workers Branch), (due 1st February, 1929) .. .. .. .. 277,041 6 9 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st February, 1929) .. .. .. 21,571 11 6 State Advances Act, 1913 (Advances to Settlers Branch), (due 1st June, 1929) 300,000 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938), (nominal value, £54,100) .. .. .. .. .. .. .. .. 53,196 0 0 16,000 0 0 Aid to Public Works and Land Settlement Act, 1905 (due 1st January, 1926) 100,000 0 0 Aid to Public Works and Land Settlement Act, 1906 (due 1st January, 1927) 300,000 0 0 I Aid to Public Works and Land Settlement Act, 1921 (due 1st December, 1929) Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, Section 82 20,000 0 0 I (due 1st March, 1929) Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 3rd March, 63,000 0 0 1926) Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st September, 100,000 0 0 1927) 30,000 0 0 Education Purposes Loan Act, 1919 (due 1st January, 1926) 55,000 0 0 Education Purposes Loan Act, 1919 (due 1st January, 1929) 400 0 0 Electric-power Works Loan Act, 1919 (due 15th July, 1930) 6,000 0 0 Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1930).. Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1940), 1,940 0 0 (nominal value, £2,000) .. ... 1,220,000 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st April, 1930) Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1930), 16,337 10 0 (nominal value, £16,600) Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1941), 2,442 10 0 (nominal value, £2,500) Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement), (due 1,000,000 0 0 1st March, 1929) .. .. .. 10,000 0 0 Finance Act, 1918 (No. 2), Section 32 (State Forests), (due 1st August, 1926) Finance Act, 1918 (No. 2), Part IV (War Expenses), (due 20th April, 1939), 32,873 15 0 (nominal value, £33,800) 37,000 0 o Finance Act, 1920, Section 15 (Public Works), (due 1st December, 1925) 63,000 0 0 Finance Act, 1921, Section 10 (Public Works), (due 1st December, 1926) 16,400 0 0 Government Railways Amendment Act, 1910 (due 1st January, 1929) 4,000 0 0 Hauraki Plains Amendment Act, 1913 (due 1st August, 1928) Hauraki Plains Amendment Act, 1913, and Finance Act, 1921-22, Section 23 7,000 0 0 (due 1st August, 1928) Hauraki Plains Amendment Act, 1913, and Finance Act, 1922, Section 17 10,000 0 0 (due 1st August, 1928) .. 25,000 0 0 Housing Act, 1919, Section 30 (due 1st July, 1926) 77,000 0 0 Land for Settlements Act, 1908 (due 1st January, 1926) .. 3,213,393 15 0 2,389,942 15 0 Carried forward .. .. .. .. .. 2,541,640 10 8 1,287,077 16 6 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

44

PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

1923-1924. RECEIPTS. 1924-1925. £ s. d. £ s. d. £ s. d. 12,560,660 2 0 Brought forward .. .. .. .. .. .. 13,671,057 5 10 Debentures issued for redemption of Inscribed Stock before maturity, — New Zealand Loans Act, 1908— 5,000 0 0 Native Land Amendment Act, 1913 (to mature 1st April, 1930) 250,000 0 0 War Purposes Loan Act, 1917 (to mature 1st February, 1929) 255,000 0 0 Debentures issued for redemption of Debentures at maturity,— New Zealand Loans Act, 1908— Defence and Other Purposes Loan Act, 1870 (to mature 1st February, 1930) .. 1,900 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (to mature 1st .. September, 1927) .. .. .. .. .. .. .. 197,100 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 27th February, 1930) .. .. .. .. .. .. .. .. 560 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (to mature 1st July, 1930) 10,700 0 0 Finance Act, 1918 (No. 2), Section 30 (Cold-storage Advances), (to mature 1st March, 1929) .. .. .. .. .. .. .. 3,250 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st January, 1929) 4,300 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1929) .. 4,500 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 20th April, 1930) .. 446,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1930) .. 30,550 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st October, 1924) 750 0 0 Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (to mature 1st April, 1930) .. .. .. .. .. .. 6,OOU 0 0 ., Government Railways Amendment Act, 1910 (to mature 1st January, 1929) 8,200 0 0 Irrigation and Water-supply Act, 1913 (to mature 1st November, 1929) .. 5,000 0 0 Land for Settlements Act, 1908 (to mature 1st January, 1929) .. .. 10,900 0 0 Maori Land Settlement Act, 1905 (to mature 1st February, 1930) .. .. 1,200 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22, Section 23 (to mature 1st December, 1927) .. .. .. .. 2,900 0 0 10,000 0 0 Coal-mines Act, 1908 (to mature 1st April, 1928) .. 26,900 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st February, 1928) 440,350 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st June, 1928) 18,100 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st July, 1928) 4,750 0 0 Finance Act, 1918, Section 10 (War Expenses), (to mature 1st January, 1929) New Zealand State-guaranteed Advances Acts, 1909 and 1910 — 21,840 0 0 Land for Settlements Branch (to mature 1st August, 1924) 4,160 0 0 Advances to Settlers Branch (to mature 1st August, 1924) .. 78,000 0 0 Advances to Workers Branch (to mature 1st August, 1924) 3,750 0 0 War Purposes Loan Act, 1917 (to mature 1st February, 1928) 733,810 0 0 607,850 0 0 4J-per-cent. Consolidated Stock issued to cover Expenses of raising £1,000,000 for redemptions (part of £4,000,000 4-per-cent. Stock, 1933-43 —1923 Loan) and applied for Redemption of Debentures issued to cover expenses, — New Zealand Loans Act, 1908 — New Zealand Consolidated Stock, 1944—New Zealand State-guaranteed Advances Acts, 1909 and 1910—Advances to Settlers Branch .. .. .. .. .. 4,108 17 5 Advances to Workers Branch .. ... .. .. .. 77,041 6 9 Land for Settlements Branch .. .. .. .. .. 21,571 11 6 102,721 15 8 4J-per-cent. Consolidated Stock issued to cover portion of Charges and Expenses of raising £1,000,000 for Redemptions (part of £4,000,000 4-per-cent. Stock, Loan),— New Zealand Loans Act, 1908 — New Zealand Consolidated Stock, 1944 — New Zealand State-guaranteed Advances Acts, 1909 and 1910 —• Advances to Settlers Branch (in respect of £40,000) .. .. .. 211 7 10 Advances to Workers Branch (in respect of £750,000) .. .. .. 3,963 12 3 Land for Settlements Branch (in respect of £210,000) .. .. .. 1, 1C-9 16 4 5,284 16 5 • • 13,423,410 2 0 Carried forward .. .. .. .. .. .. 14,512,873 17 11 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

45

B.—-1 [Pt. T]."

PUBLIC ACCOUNTS, 1924-1 925.

LOANS REDEMPTION ACCOUNT—continued.

1923-1924. 1924-1925. N . EXPENDITURE. * Net. Gross. £ s. d. I £ s. d. £ a. d. 2,389,942 15 0 | Brought forward .. .. .. .. .. 2,541,640 10 8 1,287,077 16 6 ,1,213,393 15 0 j Securities redeemed and cancelled in terms of Section 24 of the Finance Act, 1921-22 —continued. Debentures under—continued. New Zealand Loans Act, 1908—continued. 300 0 0 j Land for Settlements Act, 1908 (due 1st February, 1926).. 2,400 0 0 ! Native Land Amendment Act, 1913 (due 1st January, 1926) .. New Zealand State-guaranteed Advances Acts, 1909 and 1910— 21,840 0 0 | Land for Settlements Branch (due 1st August, 1924) .. 9,200 0 0 j Land for Settlements Branch (due 1st January, 1929) .. .. .. . ... 4,160 0 0 | Advances to Settlers Branch (due 1st August, 1924) .. .. .. 78,000 0 0 Advances to Workers Branch (due 1st August, 1924) .. .. .. 86,250 0 0 j Public Works Act, 1908 (Paeroa-Waihi Railway), (due 31st March, 1924) 53,476 0 0 \ Public Works Act, 1908 (Waikaka Branch Railway), (due 1st May, 1925) .. j Rangitaiki Land Drainage Amend m int Act, 1913, and Finance Act, 1923, j 10,000 0 0 \ Section 5 (due 1st December, 1929) .. .. .. .. .. | .. 14,000 0 0 Scenery Preservation Act, 1908 (due 1st May, 1924) .. .. .. j 5,000 0 0 Scenery Preservation Act, 1908 (due 1st May, 1925) .. .. 6,000 0 0 Scenery Preservation Act, 1908 (due 1st. May, 1926) 15,000 0 0 I Scenery Preservation Act, 1908 (due 1st November, 1928) 30,000 0 0 j Scenery Preservation Act, 1908 (due 1st May, 1929) Scenery Preservation Act, 1908, and Finance Act, 1921-22, Section 21 (due | 40,000 0 0 [ 1st January, 1931) .. .. .. .. .. Scenery Preservation Act, 1908, and Finance Act, 1921-22, Section 23 (due 3,000 0 0, 1st November, 1927) .. .. .. .. .. .. | Scenery Preservation Act, 1908, and Finance Act, 1921-22, Section 23 (due J 20,000 0 0 I 1st November, 1929) .. .. .. .. .. .. j Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 (due 20,000 0 0 1st May, 1929) .. .. .. .. .. .. .. J Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, j 50,000 0 0 [ 1919, Section 6 (due 1st February, 1926) .. .. .. Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 35,000 0 0 1922, Section 16 (due 1st February, 1930) .. .. .. .. j 250,000 0 0 War Purposes Loan Act, 1917 (due 15th November, 1927) .. .. j War Purposes Loan Act, 1917 (due 15th November, 1938), (nominal value, 48,301 12 6 £49,700).. 2,541,640 10 8 4,045,321 7 6 Debentures redeemed at maturity, — New Zealand Loans Act, 1908— | Aid to Public Works and Land Settlement Act, 1902 (due 1st December, 1924) j 12,200 0 0 ! Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1924) ! 700 0 0 Aid to Public Works and Land Settlement Act, 1907 (due 1st January, 1925) j 200 0 0 Defence and Other Purposes Loan Act, 1870 (due 1st March, 1925) .. .. j 1,900 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st March, 1925) ! 197,100 0 0 Finance Act, 1918, No. 2, Section 30 (Cold Storage Advances), (due 1st March, | 1925) .. .. .. .. .. .. .. .. 3,250 0 0 I Finance Act, 1918, Section 10 (War Expenses), (due 16th April, 1924) .. j 7,000 0 0 J Finance Act, 1918, Section 10 (War Expenses), (due 15th May, 1924) .. 76,900 0 0 | Finance Act, 1918, Section 10 (War Expenses), (due 21st June, 1924) .. 23,600 0 0 j Finance Act, 1918, Section 10 (War Expenses), (due 7th July, 1924) .. 17,000 0 0 ! Finance Act, 1918, Section 10 (War Expenses), (due 7th August, 1924) .. 17,300 0 0 j Finance Act, 1918, Section 10 (War Expenses), (due 1st September, 1924) .. 33,350 0 0 ! Finance Act, 1918, Section 10 (War Expenses), (due 6th September, 1924) .. 9,300 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 1st October, 1924) .. 750 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 10th October, 1924) .. 442,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 5th November, 1924) .. 26,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 15th November, 1924) .. 65,750 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 4th December, 1924) .. 9,300 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 19th December, 1924) .. 19,000 0 0 Finance Aot, 1918, Section 10 (War Expenses), (due 9th January, 1925) .. 12,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 6th February, 1925) .. 2,500 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 1st March, 1925) .. 33,350 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 6th March, 1925) .. 3,500 0 0 Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (due : 1st March, 1925) .. .. .. .. .. .. ., 6,000 0 0 Government Railways Amendment Act, 1910 (due 1st March, 1925) .. .. 8,200 0 0 Irrigation and Water-supply Act, 1913, (due 1st March, 1925) .. .. 5,000 0 0 6,435,264 2 6 Carried forward .. .. .. .. .. 1,033,150 0 0 3,828,718 7 2 I I ■ Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 19 2 4-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

46

1923-1924. RECEIPTS. 1924-1925. £ s. d. £ 8. d. £ s. d. 13,423,410 2 0 Brought forward .. .. .. .. .. .. 14,512,873 17 11 Debentures issued to cover Charges and Expenses of Redemptions, New Zealand Loans Act, 1908 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (to mature 1st August, 1924), issued to cover Charges and 21,571 11 ti Expenses of raising £250,000 4-per-cent. Stock for Redemptions .. New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Settlers Branch), (to mature 1st August, 1924), issued to cover Charges and 4,108 17 5 Expenses of raising £40,000 4-per-cent. Stock for Redemptions New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Workers Branch), (to mature 1st August, 1924), issued to cover Charges and 77,041 6 'J Expenses of raising £750,000 4-per-cent. Stock for Redemptions 102,721 15 8 Debentures issued in Renewal of Debenture Loans matured, — New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act, 1900 (due 1st May, 1924 ; renewed to 1st May, 1930) .. .. .. .. .. .. 1,000 0 0 Aid to Public Works and Land Settlement Act, 1902 (due 1st December, 1924 ; renewed to 1st December, 1930) .. .. .. .. .. 15,500 0 0 Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1925 ; renewed to 1st January, 1929) .. .. .. .. .. 1,340 0 0 Aid to Public Works and Land Settlement Act, 1911 (due 1st January, 1925; renewed to 1st January, 1930) .. .. .. .. .. 49,000 0 0 Aid to Public Works and Land Settlement Act, 1911 (due 31st March, 1925; renewed to 1st January, 1930) .. .. .. .. .. 100,000 0 0 Aid to Public Works and Land Settlement Act, 1914 (due 1st November, 1924 ; renewed to 1st November, 1930) .. .. .. .. .. 525,000 0 0 Aid to Water-power Works Act, 1910 (due 1st May, 1924 ; renewed to 1st May, 1930) .. .. .. .. .. .. .. .. 75,000 0 0 Aid to Water-power Works Act, 1910 (due 1st November, 1924; renewed to 1st May, 1930) .. .. .. .. .. .. .. 50,000 0 0 Appropriation Act, 1912 (Irrigation and Water-supply), (due 1st November, 1924; renewed to 1st November, 1929) .. .. .. .. 15,000 0 0 Coal-mines Act, 1908 (due 1st April, 1924; renewed to 1st April, 1928) .. 110,000 0 0 Coal-mines Act, 1908, and Appropriation Act, 1912 (due 1st April, 1924; renewed to 1st April, 1929) .. .. .. .. .. .. 25,000 0 0 Consolidated Stock Act, 1884 (due 31st December, 1924 ; renewed to 1st February, 1929) .. .. .. .. .. .. .. 385,500 0 0 Defence and Other Purposes Loan Act, 1870 (due 1st February, 1925; renewed to 1st February, 1930) .. .. .. .. .. 15,000 0 0 Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st March, 1925 ; renewed to 1st September, 1927) .. .. .. .. .. 2,487,400 0 0 District Railways Purchasing Acts, 1885 and 1886 (due 1st July, 1924; renewed to 1st July, 1929) .. .. .. ' .. .. 40,000 0 0 Finance Act, 1918 (No. 2), Section 29 (Public Works), (due 1st February, 1925 ; renewed to 1st February, 1929) .. .. .. .. .. 1,790,000 0 0 Finance Act, 1918 (No. 2), Section 32 (State Forests), (due 1st February, 1925 ; renewed to 1st August, 1928) .. .. .. .. .. 60,000 0 0 Finance Act, 1919, Section 5 (Public Works), (due 1st February, 1925 ; renewed to 1st February, 1930) .. .. .. .. .. .. 150,000 0 0 Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (due 1st April, 1924; renewed to 1st April, 1930) .. .. .. .. 11,510 0 0 General Purposes Loan Act, 1873 (due 28th November, 1924; renewed to 28th November, 1929) .. .. .. .. .. .. 54,700 0 0 Government Railways Act, 1908, Railways Improvement Authorization Acts, 1904-1907 (due 1st February, 1925; renewed to 1st January, 1929) .. 19,300 0 0 Government Railways Amendment Act, 1910 (due 1st January, 1925; renewed to 1st January, 1929) .. .. .. .. .. 9,980 0 0 Government Railways Amendment Act, 1910 (due 1st February, 1925; renewed to 1st January, 1929) .. .. .. .. .. 0,390 0 0 Hauraki Plains Amendment Act, 1913-14 (due 1st February, 1925; renewed to 1st February, 1931) .. .. .. .. .. .. 11,000 0 0 Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, Section 43 (due 1st February, 1925 ; renewed to 1st February, 1931) .. .. 50,000 0 0 Hutt Railway Improvement Acts, 1903, 1905, 1907, and 1910 (due 1st May, 1924; renewed to 1st May, 1930) .. .. .. .. .. 2,000 0 0 13,526,131 17 8 Carried forward .. .. .. ... .. 6,059,620 0 0 14,512,873 17 11 Note.—In these accounts the eredits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as" receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

8.-l [Pt. Ij.

PUBLIC ACCOUNTS, 19 24-1925.

LOANS REDEMPTION ACCOUNT—continued.

47

1923-1924. EXPENDITURE. 192 *" 1925 - Net. Gross. £ s. d. | £ a. d. £ s. d. 6,435,261 2 6 Brought forward .. .. .. .. .. 1,033,150 0 0 3,828,718 7 2 ] Debentures redeemed at maturity—continued. J j New Zealand .Loans Act, 1908 —continued. | Land for Settlements Act, 1908 (due 1st March, 1925) .. .. .. 10,900 0 0 Land for Settlements Act, 1908 (due 15th March, 1925) .. ... .. 40,000 0 0 Land Laws Amendment Act, 1913 (due 1st January, 1925) .. .. .. 2,800 0 0 | I Land Laws Amendment Act, 1913 (due 1st February, 1925) .. .. 8,000 0 0 | Maori Land Settlement Act, 1905 (due. 1st March, 1925) .. .. •• 1,200 0 0 Kaligitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22, j (Section 23), (due 1st March, 1925) .. .. .. .. .. 2,900 0 0 Westport Harbour Act, 1920, and Wesport Harbour Act, 1884 (duo 1st March, I | 1925) .. .. .. .. .. .. .. .. 146,900 0 0 112,200 0 0 ! Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1924 565,500 0 0 Aid to Public Works and Land Settlement Act, 1904 (due 1st August, 1923) .. 2,000 0 (I Aid to Public Works and Land Settlement Act, 1900 (due 1st January, 1924) 10,000 0 0 Goal-mines Act, 1908 (due 1st April, 1923) 325 0 0 Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1920) ,W0,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (duo 6th May, 1923) .. 44,300 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 15th May, 1923) 75,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 21st May, 1923) 150,000 0 0 | Finance Act, 1918, Section 10 (War Expenses), (due 8th June, 1923).. 50,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 8th July, 1923).. 15,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 8th August, 1923) .. ! 33,350 0 0 | Finance Act, 1918, Section 10 (War Expenses), (due 1st September, 1923) .. j 15,000 0 0 I Finance Act, 1918, Section 10 (War Expenses), (due 5th September, 1923) .. 12,000 0 0 | Finance Act, 1918, Section 10 (War Expenses), (due 9th October, 1923) 17,000 0 0 I Finance Act, 1918, Section 10 (War Expenses), (due 9th November, 1923) 57,800 0 0 j Finance Act, 1918, Section 10 (War Expenses), (due 15th November, 1923) .. j 1,000 0 0 [ Finance Act, 1918, Section 10 (War Expenses), (due 19th December, 1923) 10,000 0 0 j Finance Act, 1918, Section 10 (War Expenses), (due 17th January, 1924) 5,000 0 0 J Finance Act, 1918, Section 10 (War Expenses), (due 20th February, 1924) .. j 33,350 0 0 I Finance Act, 1918, Section 10 (War Expenses), (due 1st March, 1924) 7,000 0 0 | Finance Act, 1918, Section 10 (War Expenses), (due 15th March, 1924) 1,000 0 0 ! Land for Settlements Act, 1908 (due 1st January, 1923) 40,000 0 0 | Land for Settlements Act, 1908 (due 1st April, 1923) 26,000 0 0 Land for Settlements Act, 1908 (due 1st May, 1923) 10,000 0 0 Land Laws Amendment Act, 1913 (due 30tli December, 1923) New Zealand State-guaranteed Advances Acts, 1909 and 1910—• 210,000 0 (l Land for Settlements Branch (due 1st August, 1923) 1,250 0 0 Land for Settlements Branch (due 1st January, 1924) .. .. .. 41,700 0 0 Advances to Settlers Branch (due 1st August, 1923) .. .. •• 750,000 0 0 Advances to Workers Branch (due 1st August, 1923) .. .. .. 250,000 0 0 War Purposes Loan Act, 1917 (due 24th April, 1923) .. .. .. 1,245,850 0 0 3,045,775 0 0 New Zealand Consols redeemed at maturity—New Zealand Consols Act, 1908 (due 1st February, 1925) .. .. •• •• 475,491 14 0 Treasury Bills redeemed at maturity,— New Zealand Loani Act, 1908 — Aid to Public Works and Land Settlement Act, 1903 — | Due 19th April, 1924 .. .. .. .. .. .. 100,000 0 0 | Due 19th July, 1924 .. .. .. .. .. .. 100,000 0 0 | Due 18th October, 1924 .. .. .. .. .. .. j 100,000 0 0 ! Due 19th January, 1925 .. .. .. .. .. .. 100,000 0 0 Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement) — i Due 30th June, 1924 .. .. .. .. .. .. 1,000,000 0 0 i Due 30th September, 1924 .. .. .. .. .. 1,000,000 0 0 | Due 30th December, 1924 .. .. .. .. .. .. | 1,000,000 0 0 Due 30th March, 1925 .. .. .. .. .. .. 1,000,000 0 0 Finance Act, 1918 (No. 2), (Part IV), (War Expenses)— i Due 30th April, 1924 .. .. .. .. .. .. 20,200 0 0 I Due 30th July, 1924 .. .. .. .. .. .. 20,200 0 0 | Due 30th October, 1924 .. .. .. .. .. .. 20,200 0 0 '■ Due 30th January, 1925 .. .. .. .. .. .. 20,200 0 0 Finance Act, 1920, Section 15 (Public Works) — ' Due 29th April, 1924 .. .. .. .. .. .. 400,000 0 0 Due 29th July, 1924 .. .. .. .. .. .. 400,000 0 0 j Due 29th October, 1924 .. .. .. .. .. •• 400,000 0 0 Due 29th January, 1925 .. .. .. ■. .. .. 400,000 0 0 9,481,039 2 6 Carried forward .. . .. •• 6,080,800 0 0 5,550,060 1 2 Note.—-In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. 11.

PUBLIC ACCOUNTS, 19 2 4-1925.

STATEMENT of the RECEIPTS AND EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

48

1923-1924. RECEIPTS. 1924-1925. £ s. d. £ s. d. £ s. d. 13,526,131 17 8 Brought forward .. .. .. j 6,059,620 0 0 14,512,873 17 11 Debentures issued in Renewal of Debenture Loans matured—continued. New Zealand Loans Act, 1908—-continued. Hutt Railway Improvement Acts, 1903, 1905, 1907, and 1910 (due 1st February, : 1925; renewed to 1st May, 1930) .. .. .. .. .. 12,590 0 0 [ Immigration and Public Works Loan Act, 1870 (due 1st February, 1925; i renewed to 1st February, 1930) .. .. .. .. .. 1,900 0 0 Irrigation and Water-supply Act, 1913 (due 1st October, 1924; renewed to | 1st October, 1929) .. .. .. .. .. .. .. 40,100 0 0 Kauri gum Industry Amendment Act, 1914 (due 1st May, 1924; renewed to j 1st May, 1930) .. .. .. .. .. .. .. 3,000 0 0 Kauri-gum Industry Amendment Act, 1914 (due 1st November, 1924 ; renewed to 1st May, 1930) .. .. .. .. .. .. 14,000 0 0 Kauri-gum Industry Amendment Act, 1914, and Appropriation Act, 1918, Section 45 (due 1st May, 1924 ; renewed to 1st May, 1930) .. .. 3,000 0 0 Land for Settlements Act, 1908 (due 1st February, 1925; renewed to 1st January, 1929) .. .. .. .. .. .. .. 221,740 0 0 Land for Settlements Act, 1908 (due 1st March, 1925 ; renewed to 1st January, 1929) .. .. .. .. .. .. .. .. 10,000 0 0 Land for Settlements Act, 1908 (due 15th March, 1925 ; renewed to 15th March, 1930) .. .. .. .. .. .. .. .. 37,000 0 0 Land Laws Amendment Act, 1913 (due 1st April, 1924 ; renewed to 1st April, 1930) .. ... .. .. .. .. • .. .. 518,000 0 0 Land Laws Amendment Act, 1913 (due 1st January, 1925 ; renewed to 1st April, 1930) .. .. .. .. .. .. .. .. 17,800 0 0 Land Laws Amendment Act, 1913 (due 1st February, 1925 ; renewed to 1st April, 1930 .. .. .. .. .. .. .. 151,250 0 0 Land Laws Amendment Act, 1913 (due 31st March, 1925 ; renewed to 1st April, 1930) .. .. .. .. .. .. .. 10,000 0 II Land Laws Amendment Act, 1913, and Appropriation Act, 1918, Section 42 (due 1st April, 1924; renewed to 1st April, 1930) .. .. .. 490,000 0 0 Lands Improvement and Native Land Acquisition Act, 1894 (due 1st February, j 1925; renewed to 1st February, 1930) .. .. .. .. 59,000 0 0 Local Bodies' Loans Act, 1908 (due 1st February, 1925; renewed to 1st j February, 1930) .. .. .. .. .. .. .. 30,000 0 0 Local Bodies' Loans Act, 1908 (due 1st March, 1925 ; renewed to 1st February, " 1930) .. .. .. .. .. .. .. .. 250,000 0 0 Local Bodies' Loans Act, 1908 —Government Loans to Local Bodies' Act, 1886 | (due 1st September, 1924; renewed to 1st September, 1930) .. .. 250,300 0 0 Maori Land Settlement Act, 1905 (due 1st February, 1925 ; renewed to 1st j February, 1930) .. .. .. .. .. .. .. 800 0 0 Mining Amendment Act, 1913 (due 1st May, 1924 ; renewed to 1st May, 1930) 7,000 0 0 Native Land Amendment Act, 1913 (due 1st April, 1924 ; renewed to 1st April, J 1930) .. .. .. .. .. .. .. .. 398,500 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to j Settlers Branch), (due 1st August, 1924 ; renewed to 1st February, 1929) .. 4,108 17 5 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Workers Branch), (due 1st August, 1924; renewed to 1st February, 1929) 77,041 6 9 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st April, 1924; renewed to 1st January, 1929) 22,500 0' 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st May, 1924; renewed to 1st January, 1929) 45,300 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st August, 1924 ; renewed to 1st February, 1929) 21,571 11 6 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for ; Settlements Branch), (due 1st February, 1925 ; renewed to 1st January, 1929) 106,700 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for 1 Settlements Branch), (due 1st March, 1925; renewed to 1st January, 1929) 6,000 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Native Land ! Settlement Branch), (due 1st April, 1924; renewed to 1st April, 1929) .. 50,000 0 0 Railways Improvement Authorization Act, 1914 (due 1st February, 1925; j renewed to 1st February, 1930) .. .. .. .. ... 85,000 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments. (due 1st September, 1924 ; renewed to 1st March, 1929) .. .. .. 12,000 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Amendments (due- 1st I March, 1925; renewed to 1st March, 1929) .. .. .. .. 88,000 0 0 State Advances Act, 1913 (Advances to Settlers Branch), (due 1st June, 1924 ; renewed to 1st June, 1929) .. .. .. .. ... .. 573,200 0 0 State Advances Act, 1913 (Advances to Workers Branch), (due 1st June, 1924 ; renewed to 1st June, 1929) .. .. .. .. .. .. 50,000 0 0 State Advances Act, 1913 (Local Authorities Branch), (due 1st June, 1924; renewed to 1st June, 1929) .. .. .. .. .. .. 200,000 0 0 13,526,131 17 8 Carried forward .. .. .. .. .. .. 9,930,021 15 8 14,512,873 17 11 Note.—In thes.e accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

49

B. —1 [PT. I].

PUBLIC ACCOUNTS, 1 924-1925

LOANS REDEMPTION ACCOUNT—continued.

1923 N( T 4 - I EXPENDITURE. 192^ 1925 - Net. Gross. £ 8. d. £ s. (1. £ a. d_ 9.481,039 2 0 Brought forward .. .. .. .. 6,080,800 0 0 5,550,060 1 2 j Treasury Bills redeemed at maturity—continued. New Zealand Loans Act, 1908—continued. Finance Act, 1921, Section 10 (Public Works) — Due 29th April, 1924 .. .. .. .. .. .. 100,000 0 0 j Due 29th July, 1924 .. .. .. .. .. .. 100,000 0 0 , Due 29th October, 1924 .. .. .. .. .. .. 100,000 0 0 Due 29th January, 1925 .. .. .. .. .. 100,000 0 0 Native Land Amendment Act, 1913—Due 30th April, 1924 .. .. .. ,. .. .. 75,000 0 0 Due 30th July, 1924.. .. .. .. .. .. .. 75,000 0 0 Due 30th October, 1924 .. .. .. .. .. 75,000 0 0 Due 30th January, 1925 .. .. .. .. .. .. 75,000 0 0 War Purposes Loan Act, 1917— j Due 30th April, 1924 .. .. .. .. .. .. 404,800 0 0 Due 30th July, 1924 .. .. .. .. .. .. 404,800 0 0 | Due 30th October, 1924 .. .. .. .. .. .. 404,800 0 0 Due 30th January, 1925 .. .. .. .. .. .. 404.800 0 0 20,200 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (due 29th June, 1923) 75,000 0 0 Native Land Amendment Act, 1913 (due 29th June, 1923) .. 404,800 0 0 War Purposes Loan Act, 1917 (due 29th June, 1923) .. .. .. 400,000 0 0 Finance Act, 1920, Section 15 (Public Works), (due 30th July, 1923).. 100,000 0 0 Finance Act, 1921, Section 10 (Public Works), (due 30th July, 1923).. 20,200 0 0 Finance Act, 1918 (No. 2), (Part IV), (War Expenses), (due 29th September, 1923) 75,000 0 0 Native Land Amendment Act, 1913 (due 29th September, 1923) 404,S00 0 0 War Purposes Loan Act, 1917 (due 29th September, 1923) .. 400,000 0 0 Finance Act, 1920, Section 15 (Public Works), (due 29th October, 1923) 100,000 0 0 Finance Act, 1921, Section 10 (Public Works), (due 29th October, 1923) 20,200 0 0 Finance Act, 1918 (No. 2), (Part IV), (War Expenses), (due 29th December, 1923) 75,000 0 0 Native Land Amendment Act, 1913 (due 29th December, 1923) 404,800 0 0 War Purposes Loan Act, 1917 (due 29th December, 1923) .. 400,000 0 0 Finance Act, 1920, Section 15 (Public Works), (due 29th January, 1924) 100,000 0 0 | Finance Act, 1921, Section 10 (Public Works), (due 29th January, 1924) 100,000 0 0 Aid to Public Works and Land Settlement Act, 1903 (due 28th March, 1924) 20,200 0 0 Finance Act, 1918 (No. 2), Part IV (War Expenses), (due 29th March, 1924) .. 75,000 0 0 Native Land Amendment Act, 1913 (due 29th March, 1924) 404,800 0 0 \ War Purposes Loan Act, 1917 (due 29th March, 1924) 8,400,000 0 0 3,600,000 0 0 ■ Inscribed Stock redeemed at maturity, — New Zealand Loans Act, 1908— New Zealand Inscribed Stock Act, 1917—2,500 0 0 ! Discharged Soldiers Settlement Loans Act, 1920 (due 15th January, 1924) .. ! | 1 Debentures redeemed by Renewal, —• New Zealand Loans Act, 1908 — | Aid to Public Works and Land Settlement Act, 1900 (due 1st May, 1924) .. 1,000 0 0 | Aid to Public Works and Land Settlement Act, 1902 (due 1st December, 1924) 15,500 0 0 | Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1925) 1,340 0 0 j Aid to Public Works and Land Settlement Act, 1911 (due 1st January, 1925).. 49,000 0 0 | Aid to Public Works and Land Settlement Act, 1911 (due 31st March, 1925) .. 100,000 0 0 | Aid to Public Works and Land Settlement Act, 1914 (due 1st November, 1924) ; 525,000 0 0 Aid to Water Power Works Act, 1910 (due 1st May, 1924) .. .. .. 75,000 0 0 Aid to Water Power Works Act, 1910 (due 1st November, 1924) .. .. 50,000 0 0 I Appropriation Act, 1912 (Irrigation and Water-supply), (due 1st November, 1924) 15,000 0 0 | Coal-mines Act, 1908 (due 1st April, 1924) .. .. .. .. j 110,000 0 0 | Coal-mines Act, 1908 and Appropriation Act, 1912 (due 1st April, 1924) .. ! 25,000 0 0 j Consolidated Stock Aet, 1884 (due 31st December, 1924) .. .. .. 1 385,500 0 0, j Defence and Other Purposes Loan Aet, 1870 (due 1st February, 1925) .. . 15,000 0 0 j Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st March, 1925) 2,487,400 0 0 ! District Railways Purchasing Acts, 1885 and 1886 (due 1st July, 1924) .. 40,000 0 0 : Finance Act, 1918 (No. 2), Section 29 (Public Works), (duo 1st February, 1925) 1,790,009 0 0 j Finance Act, 1918 (No. 2), Section 32 (State Forests), (due 1st February, 1925) 60,000 0 0 Finance Act, 1919, Section 5 (Public Works), (due 1st February, 1925) .. 150,000 0 0 Fruit Preserving Industry Aet, 1913, and Finance Act, 1917, Section 80 (due 1st April, 1924) .. .. .. .. .. .. .. 11,510 0 0 I General Purposes Loan Act, 1873 (due 28th November, 1924) .. .. 54,700 0 0 13,083,539 2 6 j Carried forward .. .. .. .. .. .. 5,960,950 0 0 13,950,060 ] 2 ' Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924 1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

50

1923-1924. | RECEIPTS, 1924-1925. I £ s. d. £ s. d. £ s. d. 13,526,131 17 8 Brought forward .. .. .. .. .. 9,930,021 15 8 14,512,873 17 11 Debentures issued in Renewal of Debenture Loans matured —-continued. New Zealand Loans Act, 1908—continued. Swamp Drainage Act, 1915 (due 1st May, 1924; renewed to 1st May, 1929) 15,000 0 0 Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 40 (due 1st May, 1924; renewed to 1st May, 1929) .. .. .. .. 17,000 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910 (due 1st August, 1924; renewed to 1st May, 1930) .. .. .. .. .. •• 30,000 0 0 j Westport Harbour Act, 1920, and Appropriation Act, 1919, Section 32 (due 1st February, 1925 ; renewed to 1st February, 1930) .. .. •• 30,495 0 0 Aid to Public Works and Land Settlement Act, 1901 (due 1st December, 1923 ; 61,600 0 0 renewed to 1st December, 1928) Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1924 ; 600 0 0 renewed to 1st February, 1926) Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1924 ; 170,100 0 0 renewed to 1st January, 1929) Aid to Public Works and Land Settlement Act, 1906 (due 1st January, 1924; 77,100 0 0 renewed to 1st January, 1929) Aid to Water-power Works Act, 1910 (due 1st May, 1923 ; renewed to 1st May, 215,000 0 0 1929) .. .. .. .. .. .. .. Appropriation Act, 1918, Section 33 (Waimarino Bush-fire Relief), (due 1st 75,000 0 0 March, 1924 ; renewed to 1st March, 1929) Consolidated Stock Act, 1884 (due 1st February, 1924; renewed to 1st 194,200 0 0 February, 1929) Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, Section 82 190,000 0 0 (due 1st March, 1924 ; renewed to 1st March, 1929) Finance Act, 1916, Section 50 (State Forests), (due 1st August, 1923 ; renewed 11,900 0 0 to 1st August, 1928) Finance Act, 1917, Section 77 (Public Works), (due 1st February, 1924; 375,000 0 0 renewed to 1st August, 1930) Finance Act, 1918, Section 10 (War Expenses), (due 1st June, 1923 ; renewed 1,500,000 0 0 to 1st June, 1928) Finance Act, 1918(No. 2), Section 29 (Public Works), (due 1st February, 1924 ; 710,000 0 0 renewed to 1st February, 1929) Finance x\ct, 1918 (No. 2), Section 30 (Cold-storage Advances), (due 1st March, 29,500 0 0 1924; renewed to 1st March, 1929) Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement), (due 1,000,000 0 0 1st March, 1924 ; renewed to 1st March, 1929) .. Finance Act, 1918 (No. 2), Section 32 (State Forests), (due 1st February, 1924 ; 30,000 0 0 renewed to 1st August, 1928) .. Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (due 6,000 0 0 1st April, 1923 ; renewed to 1st March, 1925) Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (due 11,000 0 0 1st April, 1923 ; renewed to 1st April, 1929) General Purposes Loan Act, 1873 (due 15th October, 1923 ; renewed to 15th 5,200 0 0 October, 1928) Government Advances to Settlers Act, 1908 (due 1st January, 1924; renewed 12,900 0 0 to 1st January, 1929) Government Railways Amendment Act, 1910 (due 1st January, 1924 ; renewed 52,560 0 0 to 1st January, 1929) Hauraki Plains Amendment Act, 1913 (due 1st February, 1924; renewed to 14,000 0 0 1st August, 1928) .. Hauraki Plains Amendment Acts, 1913 and 1914 (due 1st August, 1923; 19,000 0 0 renewed to 1st August, 1928) .. Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, Section 43 6,000 0 0 (due 1st August, 1923 ; renewed to 1st August, 1928) Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, Section 43 10,000 0 0 (due 1st February, 1924 ; renewed to 1st August, 1928) .. Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 (due 100,000 0 0 1st May, 1923 ; renewed to 1st May, 1929) Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 (due 5,190 0 0 30th June, 1923 ; renewed to 1st February, 1925) Irrigation and Water-supply Act, 1913 (due 1st October, 1923 ; renewed to 5,000 0 0 1st March, 1925) Irrigation and Water-supply Act, 1913 (due 1st October, 1923; renewed to 30,000 0 0 1st October, 1929) .. Land for Settlements Act, 1908 (due 1st January, 1924 ; renewed to 1st January, 1,500 0 0 1929) .. .. .. .. .. .. .. 155,000 0 0 Land Laws Amendment Act, 1913 (due 1st April, J 923; renewed to 1st April, 1928) Land Laws Amendment Act, 1913 (due 30th March, 1924; renewed to 1st 166,000 0 0 March, 1929) Land Laws Amendment Act, 1913 (due 31st March, 1924; renewed to 1st 30,000 0 0 March, 1929) 5,269,350 0 0 13,526,131 17 S ' Carried forward .. .. .. .. .. .. 10,022,516 15 8 14,512,873 17 11 [ Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [Pt. T].

51

PUBLIC ACCOUNTS, 19 2 4 -1925.

LOANS REDEMPTION ACCOUNT—continued.

B—B.8 —B. 1 [PT. I].

192 *- 1924 ' i EXPENDITURE. I92 „ 4 - 1925 - Net. Gross. £ s. d. £ s. d. £ s. d. 13,083,539 2 6 Brought forward .. .. .. .. .. 5,960,950 0 0 13,950,060 1 2 Debentures redeemed by Renewal—continued. New Zealand Loans Act, 1908 —continued. Government Railways Act, 1908, and Railways Improvement Authorization Act, 1904-1907 (due 1st February, 1925) .. .. .. .. 19,300 0 0 Government Railways Amendment Act, 1910 (due 1st January, 1925) .. 9,980 0 0 Government Railways Amendment Act, 1910 (due 1st February, 1925) .. 6,390 0 0 Hauraki Plains Amendment Acts, 1913 and 1914 (due 1st February, 1925) .. 11,000 0 0 Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, Section 43 (due 1st February, 1925) .. ., .. .. .. .. 50,000 0 0 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 (due 1st May, 1924) .. .. .. .. .. .. .. 2,000 0 0 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 191C (due 1st February, 1925) .. .. .. .. .. .. .. 12,590 0 0 Immigration and Public Works Loan Act, 1870 (due 1st February, 1925) .. 4,900 0 0 Irrigation and Water-supply Act, 1913 (due 1st October, 1924) .. .. 40,100 0 0 Kauri-gum Industry Amendment Act, 1914 (due 1st May, 1924) .. .. 3,000 0 0 Kauri-gum Industry Amendment Act, 1914 (due 1st November, 1924) .. 14,000 0 0 Kauri-gum Industry Amendment Act, 1914, and Appropriation Act, 1918, Section 45 (due 1st May, 1924) .. .. .. .. .. 3,000 0 0 Land for Settlements Act, 1908 (due 1st February, 1925) .. .. .. 221,740 0 0 Land for Settlements Act, 1908 (due 1st March, 1925) .. .. .. 10,000 0 0 Land for Settlements Act, 1908 (due 15th March, 1925) .. .. .. 37,000 0 0 Land Laws Amendment Act, 1913 (due 1st April, 1924) .. .. .. 518,000 0 0 Land Laws Amendment Act, 1913 (due 1st January, 1925) .. .. 17,800 0 0 Land Laws Amendment Act, 1913 (due 1st February, 1925) .. .. 151,250 0 0 Land Laws Amendment Act, 1913 (due 31st March, 1925) .. .. .. 10,000 0 0 Land Laws Amendment Act, 1913, and Appropriation Act, 1918, Section 42 (due 1st April, 1924).. .. .. .. .. .. .. 490,000 0 0 Lands Improvement and Native Land Acquisition Act, 1894 (due 1st February, 1925) .. .. .. .. .. .. .. 59,000 0 0 Local Bodies'Loans Act, 1908 (due 1st February, 1925) .. .. .. 30,000 0 0 Local Bodies'Loans Act, 1908 (due 1st March, 1925) .. .. .. 250,000 0 0 Local Bodies' Loans Act, 1908, and Government Loans to Local Bodies Act, I 1886 (due 1st September, 1924) .. .. .. .. .. 250,300 0 0 | Maori Land Settlement Act, 1905 (due 1st February, 1925) .. .. 800 0 0 j Mining Amendment Act, 1913 (due 1st May, 1924) .. .. .. 7,000 0 0 | Native Land Amendment Act, 1913 (due 1st April, 1924) .. .. .. 398,500 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st April, 1924) .. .. .. .. 22,500 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for j Settlements Branch), (due 1st May, 1924) .. .. .. .. 45,300 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for j Settlements Branch), (due 1st August, 1924) .. .. .. .. 2*1,571 11 6 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st February, 1925) .. .. .. .. 106,700 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch), (due 1st March, 1925) .. .. .. .. 6,000 0 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Settlers Branch), (due 1st August, 1924) .. .. .. .. 4,108 17 5 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Workers Branch), (due 1st August, 1924) .. .. .. .. 77,041 6 9 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Native Land Settlement Branch), (due 1st April, 1924) .. .. .. .. 50,000 0 0 Railways Improvement Authorization Act, 1914 (due 1st February, 1925) .. 85,000 0 0 Rangitaiki Land -Drainage Amendment Acts, 1913 and 1914 (due 1st September, 1924) .. .. .. .. .. .. .. 12,000 0 0 Rangitaiki Land Drainage Amendment Acts, 1913 and 1914, and Appropriation Act, 1919, Section 19 (due 1st March, 1925) .. .. .. 60,000 0 0 Rangitaiki Land Drainage Amendment Act, 1913, and Appropriation Act, 1918, Section 44 (due 1st March, 1925).. .. .. .. .. 28,000 0 0 State Advances. Act, 1913 (Advances to Settlers Branch), (due 1st June, 1924) 573,200 0 0 State Advances Act, 1913 (Advances to Workers Branch), (due 1st June, 1924) 50,000 0 0 State Advances Act, 1913 (Local Authorities Branch), (due 1st June, 1924) .. 200,000 0 0 Swamp Drainage Act, 1915 (due 1st May, 1924) .. .. .. .. 15,000 0 0 Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 (due 1st May, 1924) .. .. .. .. .. .. .. 17,000 0 0 Westport Harbour Act, 1920, and Appropriation Act, 1919, Section 32 (due 1st February, 1925) .. .. .. .. .. .. .. 30,495 0 0 Waihou and Ohinemuri Rivers Improvement Act, 1910 (due 1st August, 1924) 30,000 0 0 13,083,539 2 6 Carrried forward .. .. .. .. .. 10,022,516 15 8 13,950,060 1 2 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are ihown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71,

B.—l [PT. I]

PUBLIC ACCOUNTS, 192 4-19 25.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

52

I 1923-1924. RECEIPTS. 1924-1925. £ s. d. £ a. d. £ a. d. 13,526,131 17 8 Brought forward .. .. .. .. .. 10,022,516 15 8 14,512,873 17 11 5,269,350 0 0 Debentures issued in Renewal of Debenture Loans matured —continued. New Zealand Loans Act, 1908 —continued. 50,000 0 0 Local Bodies'Loans Act, 1908 (due 1st June, 1923 ; renewed to 1st March, 1928) Native Land Amendment Act, 1913 (due 1st April, 1923 ; renewed to 1st April, 155,000 0 0 j 1929) New Zealand State-guaranteed Advances Act, 1909 (Local Authorities Branch), (due 1st April, 1923 ; renewed to 1st April, 1928) — 10,000 0 0 I Appropriated for Hauraki Plains Settlement 33,000 0 0 I Appropriated for Opening up Crown Lands for Settlement 5,000 0 0 Appropriated for Rangitaiki Land Drainage New Zealand State-guaranteed Advances Act, 1909 (Native Land Settlement 80,000 0 0 Branch), (due 1st April, 1923 ; renewed to 1st April, 1928) New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch) — 33,000 0 0 Due 1st April, 1923 ; renewed to 1st February, 1925 99,000 0 0 Due 1st October, 1923; renewed to 1st April, 1929 .. .. .. 8,600 0 0 Due 1st November, 1923 ; renewed to 1st April, 1929 147,215 0 0 Due 1st January, 1924 ; renewed to 1st January, 1929 72,700 0 0 Due 1st February, 1924 ; renewed to 1st January, 1929 .. 100 0 0 j Due 1st February, 1924 ; renewed to 1st February, 1929 New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to 205,000 0 0 I Workers Branch), (due 1st January, 1924; renewed to 1st February, 1929) Railways Improvement Authorization Act, 1914 (due 1st February, 1924; 47,000 0 0 I renewed to 1st February, 1929) Rangitaiki Land Drainage Amendment Act, 1913, and Amendments (due 1st 37,000 0 0 March, 1924 ; renewed to 1st March, 1929) 30,000 0 0 Scenery Preservation Act, 1908 (due 1st May, 1923 ; renewed to 1st May, 1929) 15,000 0 0 Swamp Drainage Act, 1915 (due 1st May, 1923 ; renewed to 1st May, 1929) Waihou and Ohinemuri Rivers Improvement Act, 1910 (due 1st August, 1923 ; , 100,000 0 0 renewed to 1st August, 1928) .. — 10,022,516 15 8 6,396,965 0 0 Inscribed Stock issued in renewal of Debenture Loans matured, — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917 — Aid to Public Works and Land Settlement Act, 1903 (due 1st January, 1921 ; 1,000 0 0 renewed to 30th June, 1923) Proceeds sale of H.M.S. New Zealand set aside for reduction of Funded Debt — Naval Defence Act, 1909.. .. .. .. .. .. .. .. 20,000 0 0 J j Amount received from the State Advances Office to cover charges and expenses of renewals-— Government Advances to Settlers Act, 1908 .. .. .. .. .. 4150 Amount unclaimed on New Zealand Government Bonds matured, transferred from Consolidated Fund, Ordinary Revenue Account, to redeem debentures under — New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlements Branch) .. .. .. .. .. .. .. .. 200 0 0 Portion of amount advanced to the High Commissioner for redemption of debentures at maturity, now utilized for redemptions— .. Westport Harbour Act, 1920, Westport Harbour Board Act, 1884 .. .. .. | 146,900 0 0 ■ 19 924 096 17 8 Carried forward .. .. .. .. .. 24,702,495 8 7 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

53

PUBLIC ACCOUNTS, 19 2 4-1925.

LOANS REDEMPTION ACCOUNT—continued.

-<020—1924 1924—1925. expenditure. Gross J Net. uross - £ s d £ a. d. £ s. d. 13,083,539 2 6 ' Brought forward .. .. .. •• •• )0,022,510 15 8 13,950,060 1 2 Debentures redeemed by Renewal —continued. New Zealand Loans Act, 1908 —continued. 61,600 0 0 Aid to Public Works and Land Settlement Act, 1901 (due 1st December, 1923) 170,700 0 0 Aid to Public Works and Land Settlement Act, 1903 (due 1st February, 1924) 77.100 0 0 Aid to Public Works and Land Settlement Act, 1906 (due 1st January, 1924).. 215,000 0 0 Aid to Water-power Works Act, 1910 (due 1st May, 1923) .. 20,000 0 0 Appropriation Act, 1917, Section 22 (Cold-storage Advances) Appropriation Act, 1918, Section 33 (Waimarino Bush-fire Relief), (due 1st 75,000 0 0 March, 1924) 194,200 0 0 Consolidated Stock Act, 1884 (due 1st February, 1924) .. .. Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, Section 82 j 190,000 0 0 (due 1st March, 1924) .. .. •• •• •• •• •• j 11,900 0 0 Finance Act, 1916, Section 50 (State Forests), (due 1st August, 1923) 375,000 0 0 Finance Act, 1917, Section 77 (Public Works), (due 1st February, 1924) 1,500,000 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 1st June, 1923) .. [ 710,000 0 0\ Finance Act, 1918 (No. 2), Section 29 (Public Works), (due 1st February, 1924) j Finance Act, 1918 (No. 2), Section 30 (Cold-storage Advances), (due 1st March, 9,500 0 0\ 1924) .. .. .... .. .. •• •• Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement), (due 1,000,000 0 0 1st March, 1924) 30,000 0 0 Finance Act, 1918 (No. 2), Section 32 (State Forests), (due 1st February. 1924) Fruit-preserving Industry Act, 1913, and Finance Act, 1917, Section 80 (due 17,000 0 0 1st April, 1923) 5,200 0 0 General Purposes Loan Act, 1873 (due 15th October, 1923).. 12,900 0 0 Government Advances to Settlers Act, 1908 (due 1st January, 1924) 52,560 0 0 Government Railways Amendment Act, 1910 (due 1st January, 1924) 14,000 0 0 [ Hauraki Plains Amendment Act, 1913 (due 1st February, 1924) 19,000 0 0 ! Hauraki Plains Amendment Acts, 1913 and 1914 (due 1st August, 1923) Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, Section 43 6,000 0 0 (due 1st August, 1923) .. •• •• •• • • Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, Section 43 10,000 0 0 (due 1st February, 1924) .. .. •• •• •• •• Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 (due 100,000 0 0 1st May, 1923) .. .. •• •• •• Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 (due 5,190 0 0 30th June, 1923) 35,000 0 0 Irrigation and Water-supply Act, 1913 (due 1st October, 1923) 1,500 0 0 Land for Settlements Act, 1908 (due 1st January, 1924) 155,000 0. 0 Land Laws Amendment Act, 1913 (due 1st April, 1923) 166,000 0 0 Land Laws Amendment Act, 1913 (due 30th March, 1924) .. 30,000 0 0 Land Laws Amendment Act, 1913 (due 31st March, 1924) 50,000 0 0 Local Bodies'Loans Act, 1908 (due 1st June, 1923) 155,000 0 0 Native Land Amendment Act, 1913 (due 1st April, 1923) .. .. New Zealand State-guaranteed Advances Act, 1909 (Local Authorities Branch), (due 1st April, 1923) — 10,000 0 0 Appropriated for Hauraki Plains Settlement .. .. .. 33,000 0 0 Appropriated for Opening up Crown Lands for Settlement 5,000 0 0 Appropriated for Rangitaiki Land Drainage New Zealand State-guaranteed Advances Act, 1909 (Native Land Settlement 80,000 0 0 Branch), (due 1st April, 1923) .. •• •• •• New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Land for Settlement Branch) — 33,000 0 0 Due 1st April, 1923 .. 99,000 0 0 Due 1st October, 1923 8,600 0 0 Due 1st November, 1923 .. .. •• •• •• •• •• 147,215 0 0 Due 1st January, 1924 72,800 0 0 Due 1st February, 1924 .. .. • • • • • • New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to 205,000 0 0 Workers Branch), (due 1st January, 1924) .. .. •• •• 47,000 0 0 Railways Improvement Authorization Act, 1914 (due 1st February, 1924) Rangitaiki Land Drainage Amendment Act, 1913, and Amendments (due 1st J 37,000 0 0\ March, 1924) 30,000 0 0 ! Scenery Preservation Act, 1908 (due 1st May, 1923) 15,000 0 0 \ Swamp Drainage Act, 1915 (due 1st May, 1923) Waihou and Ohinemuri Rivers Improvement Act, 1910 (due 1st August, " 0 1923 > :: 10,022,516 15 8 6,396,965 0 0 j I Debentures redeemed by Renewal in Inscribed Stock, — New Zealand Loans Act, 1908 — 1,000 0 0 I Aid to Public Works and Land Settlement Act, 1903 (due 1st January, 1921).. .. L— 79,481,504 2 6 Carried forward .. .. .. •• •• •• 23,972,576 16 10 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

54

LOANS REDEMPTION 1923-1924. RECEIPTS. 1924-1925. £ s. it. £ s. d. £ s. (1. 19,024,006 17 8 Brought forward .. .. .. .. .. .. 24,702,495 8 7 ■ ■ |£ 10,924,096 17 8 Totals .. .. .. .. .. .. .. £24,702,495 8 7 I = ; —- MAIN HIGHWAYS ACCOUNT £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 11,412 16 1 Cash in the Public Aocount .. .. .. .. .. . 12,681 7 3 110,000 0 0 Investment Account .. .. .. .. .. .. .. 237,000 0 0 —— 249,081 7 3 121,412 16 1 Credits-m-Aid, — Vote—Maintenance of Main Highways .. .. .. .. .. .. 3,506 14 6 5,800 7 0 Interest on Securities held by Investment Account .. .. .. .. .. 10,839 19 10 Main Highways Act, 1922, Section 14, — Amounts transferred from the Consolidated Fund .. .. .. .. 35,000 0 0 123,567 16 8 Customs duty on tires .. .. .. .. .. .. .. 152,303 3 3 Fees and fines under Section 14 of the Motor-vehicles Act, 1924 .. .. 257,500 0 0 444,803 3 3 123,567 16 8 £250,780 19 9 Totals .. .. .. .. .. .. .. £708,831 4 10 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [Ft. I].

55

PUBLIC ACCOUNTS, 1924-1925.

Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

ACCOUNT —continued. 1923-1924. EXPENDITURE. 25 ' Net. £ s. d. £ s. d. £ s. d. j 19,4X1,504 2 6 Brought forward .. .. .. .. .. •• •• 23,972,576 16 10 Finance Act, 1922, Section 8, — Repayment of Funded Debt to the Imperial Government — 21,998 17 2 Public Revenues Amendment Act, 1914, Section 8 (War Expenses) .. .. 23,106 16 0 86,254 0 5 Public Revenues Amendment Act, 1915, Section 5 (War Expenses) .. .. 90,598 1 9 50,403 13 2 Finance Act, 1916, Section 35 (War Expenses) .. .. .. .. 52,942 3 5 51,394 18 8 War Purposes Loan Act, 1917 .. .. .. .. •• •• ® 70,229 2 0 Finance Act, 1918, Section 10 (War Expenses) .. .. .. •• ,i 7 10,248 9 2 Naval Defence Act, 1909 .. .. •• •• •• •• j 210,764 12 1 2,032 10 0 Aid to Public Works and Land Settlement Act, 1910 .. .. .. j 2,134 17 3 401 19 9 Land for Settlements Act, 1908 .. .. ■. • • • • 422 4 7 507,718 4 5 292,963 10 4 Amount advanoed to the High Commissioner for redemption of debentures at maturity— „ w _ . Westport Harbour Act, 1920, and Westport Harbour Board Act, 1884.. .. •• loW.UJU U New Zealand Loans Aot, 1908, — Charges and expenses of renewals— Government Advances to Settlers Act, 1908 .. .. .. • • 4 15 0 Charges and Expenses of Redemptions .. .. • • • • New Zealand State-guaranteed Advances Acts, 1909 and 1910 — j 21,574 3 11 Land for Settlements Branch .. .. •• •• •• •• j j ' 4,109 7 5 Advances to Settlers Branch .. .. .. •• j 'Jj J 77,050 14 0 j Advances to Workers Branch .. .. •• •• •• j 3,760 18 S Stamp Duty on transfer of New Zealand Consolidated Stock, 1935/1945 — I 16 19 2 Aid to Public Works and Land Settlement Act, 1902 .. .. ..I 12 3 7 288 0 4 War Purposes Loan Aot, 1917 .. .. .. •• •• •• j ° _ _ | — OjuOO I I 103,039 4 10 Balance at end of Year,— „ _ „ 21,590 0 0 Cash in the Public Account .. .. •• •• •• •• in' aa. , n n 25,000 0 0 Investment Account .. .. .. •• •• •• •• 50,000 0 o6,9b2 0 3 46,590 0 0 £19,924,096 17 8 Totals .. .. -. .. • • • • £24,702,495 8 7 REVENUE FUND. £ s. d. s " s - d. 1,099 12 6 Vote—Maintenance of Main Highways .. .. •• •• •• •• 119,957 17 5 Expenditure under Section 24 (2) of the Motor-vehioles Aot, 1924, — Expenses of administration .. •• •• •• •• 7,500 0 0 Balance at end of Year, — 12,68 1 7 3 Cash in the Public Aocount .. •• •• •• •• •• j? 237,000 0 0 Investment Account .. .. . • •• •• •• •• 527,000 0 0 Imprests outstanding— In London .. .. .. .. •• •• •• •• 2,826 0 0 581,373 7 5 249,681 7 3 V £250,780 19 9 Totals .. .. .. •• •• •• •• £708,831 4 10 Note. —In these accounts the credits-in-aid (sec1;ion 22 r Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purpose of comparison a summary showioig the net expenditure will be found on page 71.

B. l— [PT. I].

PUBLIC ACCOUNTS, 1 924-1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

56

MAIN HIGHWAYS ACCOUNT 1923-1924. RECEIPTS. 1924-1925. £ s. d. Credits-in-Aid, — £ s. d. £ s. d. i' Vote—Construction of Main Highways .. .. .. .. .. .. 4 822 12' 4 Finance Act, 1923, Section 15, Subsection 2, — Amount transferred from Public Works Fund—General Purposes Account .. 1 .. 226,000 0 0 . i Totals .. .. .. .. .. .. .. £230,822 12 4 MINING ADVANCES £ 8. d. I Balance at beginning of Year, — £ s . £ s , j. 2,618 7 11 | Cash in the Public Acoount .. .. .. .. .. .. .. 11,855 8 11 Credits in reduotion o( Expenditure under Subsection 0 (e) of Section 4 of the Miniog Amendment Act, 1913 .. .. .. .. .. 1 .. 2 4 11 I I [ Mining Amendment Act, 1913, Section 4, Subsection 5,— 11,027 2 6 Repayment of Advances .. .. .. .. .. .. .. 1 6 211 14 7 1,796 12 11 j Interest on Advances .. .. .. .. .. .. .. .. 106 2 2 £15,442 3 4 j Totals .. .. .. .. .. .. .. £18,175 10 7 j NATIONAL ENDOWMENT - - £ s. d. J Balance at beginning of Year,— £ s. d. £ s. d. 29,356 15 1 j Cash in the Public Aocount .. .. .. .. .. 49,663 3 0 82,000 0 0 \ Investment Account .. .. .. .. .. .. .. 75,000 0 0 i 124,663 3 0 111,356 15 1 131,342 7 2 Rents, &c., from National Endowment Lands .. .. .. .. .. .. 116,977 17 9 8 13 Receipts under Section 16 of the Land Laws Amendment Act, 1912 | Land Act, 1908, Section 267,— 10 0 0 Sales of Land .. .. .. .. .. .. .. .. .. • 35 5 0 : Section 302 (9) of the Land Act, 1924, —■ • • I Interest on Sales of Land .. .. .. .. .. .. .. .. 128 1,813 U 0 | Interest on Securities held by Investment Acoount .. .. .. .. .. 2,242 4 11 Interest on Securities held by National Endowment Trust Acoount Investment Account .. .. .. .. .. .. .. .. .. .. 244 19 10 Amount transferred from State Forests Aocount in terms of Section 39 (2) of the | Forests Act, 1921-22 .. .. .. .. .. .. .. .. 12,61111 7 £244,530 3 6 Totals .. .. .. .. .. .. .. £256,776 4 9 Note.— In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B—l [PT. I].

PUBLIC ACCOUNTS, 1 924-1925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924-continued.

57

CONSTRUCTION FUND. 1928-1924. EXPENDITURE. 1924-1925. Net. Gross. £ 8. d. £ s. d. £ s. d. Vote —Construction of Main Highways .. .. .. .. .. .. 230,276 17 1 Balance at end of Quarter, — Cash in the Public Account .. .. .. .. .. . ■ .. 545 15 3 Totals .. .. .. .. .. .. £230,822 12 4 ACCOUNT. £ s. d. r £ s. d. £ s. d. Expenditure under Subsection (6) («) of Section 4 of the Mining Amendment Act, 16 2 3 1913 1,050 0 0 Advanoes under Subsection (6) (b) of Section 4 of the Mining Amendment Act, 1913 .. 5,000 0 0 Recoupments under the Finance Act, 1919, Section 4, — 2,419 2 6 Interest .. .. .. .. .. .. .. .. 1,219 10 0 101 9 8 Sinking Fund .. .. .. .. .. .. .. .. 99 5 0 { 1,318 15 0 3,520 12 2 Balance at end of Year, — 11,855 8 11 Cash in the Public Account .. .. .. .. .. .. .. 11,856 15 7 £15,442 3 4 Totals .. .. .. .. .. .. .. £18,175 10 7 ACCOUNT. i i £ s. d. £ s. d. £ s. d. j Expr-nditure und-r Section 17 of the Land Laws Amendment Act, 1912, 8,741 19 9 Expenses of administration .. .. .. .. .. .. .. I 3,202 2 9 Expenditure under Seotion 295 (2) of the Land Act, 1924, —- Expenses of administration .. ... .. .. .. .. .. 2,995 10 10 New Zealand Universities Amendment Act, 1914, Section 32, —- 11,112 10 0 Payment to Universities of portion of National Endowment residue .. .. .. 12,892 6 4 Land Act, 1908, Section 264, and Land Laws Amendment Act, 1917, Section 7, —- 66,675 0 6 Transfer to Vote—Education of portion of National Endowment residue .. .. 74,353 17 9 Land Act, 1908, Section 265, — 33,337 10 3 Portion of National Endowment residue applied for payment of Old-age Pensions .'. 37,176 18 11 Balance at end of Year, — 49,663 3 0 Cash in the Publio Account .. .. .. .. .. .. 45,555 8 2 75,000 0 0 Investment Account .. .. .. .. .. .. .. 81,100 0 0 126,655 8 2 124,663 3 0 £244,530 3 6 Totals .. .. .. .. .. .. .. £256,776 4 9 Note. In these accounts the eredits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net. expenditure will be found on page 71

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

58

NATIONAL ENDOWMENT 1923-1924. RECEIPTS. 1924-1925. £ a. d. Balance at beginning of Year— £ s. d. £ s. d. 1,399 IS 6 Cash in the Public Account .. .. .. .. .. .. 3,006 16 9 Investment Account .. .. .. .. .. .. .. 7,000 0 0 10,006 16 9 Sales of Land under Section 11, Subsection (9), of the Land Laws Amendment Act, 8,007 1 3 1920 .. .. .. .. .. .. .. .. .. .. 6,076 15 9 Interest on Sales .. .. .. .. ,, ,. .. ,, ,, 553 2 g £ 10,006 16 9 Totals .. .. .. ... .. .. .. £16,636 15 2 NATIVE LAND £ s. d. Balance at beginning of Year, — £ s. d. I £ s. d. i 9,720 3 1 Cash in the Public Account .. .. .. .. .. .. 29,118 12 1 Imprests outstanding— 489 8 6 In the Dominion .. .. .. .. .. .. .. 31 12 4 20,000 0 0 Investment Account 1 29,150 4 5 30,209 11 7 Credits-in-Aid, — Vote—Native Land Purchase Expenses .. .. .. .. .. ,, 112 13 11 j Credits in reduction of Expenditure under the Act, — Lands Department .. .. .. .. ,. .. .. 476 10 0 Native Department .. .. .. .. .. .. .. 180 15 5 1 657 5 5 14,807 14 7 Amount received in respect of Survey Liens .. .. .. .. .. .. | 14,692 13 6 45,740 13 3 Rents, &c. .. .. .. .. .. .. .. .. .. .. 47,136 12 7 26,435 0 3 Land-sales .. .. .. .. .. .. .. .. .. .. j 51,797 3 2 Interest on Sales of Land .. .. .. .. .. .. .. .. j 6,441 13 10 247 8 11 Interest on Securities held by Investment Account Repayments by Maori Land Boards of Advances under Section 274 of the Native Land Act, 1909,— 1,381 9 2 Principal .. .. .. .. .. .. .. .. .. j 310 jg 4 868 6 3 Interest .. .. .. .. .. .. ... .. . j 503 jg 1 ' ' j 974 14 5 2,249 15 5 Section 274:, Native Land Act, 1909, and Native Land Amendment and Native Land Claims Adjustment Act, 1923, Section 1 (i—4,500 0 0 Subsection (1) 1,000 0 0 Subsection (2) 522 6 11 Subsection (3) Subsection 9 (b) .. .. .. .. .. .. .. .. 687 4 4 Subsection 5, — Interest . . .. .. .. .. .. .. .. 289 15 0 Principal .. .. .. .. .. .. .. .. 412 17 3 ~ 1,389 16 7 6,022 6 11 New Zealand Loans Aot, 1908,— Native Land Amendment Act, 1913 — New Zealand Consolidated Stock, 1935/1945 — 5-per-cent. Inscribed Stock issued in respect of Amount required to cover Stamp 144 0 2 Duty on Transfers .. .. .'. .. .. .. .. 116 19 8 New Zealand Consolidated Stock, 1944— Stock issued in respeot of £200,000 authorized (4J-per-cent. Stock Loan) .. 200 000 0 0 220,000 0 0 Debentures issued .. .. .. .. .. .. .. 60,'000 0 0 New Zealand Inscribed Stock Act, 1917—■ Native Land Amendment Act, 1913— 100 000 0 0 f> j - percent. Inscribed Stock issued — 260,116 19 8 320.144 0 2 Urewera Land Act, 1921-22, Section 10, — Debentures issued.. .. .. .. .. .. .. .. _ 29 323 § 4 Adjustment of entry incorrectly shown in 1912-1913 Accounts, — Repayments by Maori Land Boards of Advances under Section 274 of the Native Land Act, 1909— Principal .. .. .. .. .. . ■ .. .. .. 1,500 0 0 £445,856 11 1 Totals .. .. .. .. .. .. .. £443,293 5 ]0 . _____ —-I Note. In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. Eor the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

59

PUBLIC ACCOUNTS, 1924-1925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued

9—B. 1 [PT. I].

TRUST ACCOUNT. rS.f 4 ' | ,xp ENO ,TU RE . j £ s. d. Balance at end of Year, — £ s. d. £ s. d. 3,006 16 9 Cash in the Publio Account .. .. .. .. .. •• 936 15 2 7.000 0 0 Investment Acoount .. .. .. .. .. •• 15,700 0 0 lti, 636 15 2 10,006 16 9 £10,006 16 9 J Totals .. .. .. .. •• •• £16,636 15 2 SETTLEMENT ACCOUNT. £ s. d. Annual Appropriation,— £ s. d £ s. d 5,727 6 0 Vote —Native-land Purchase Expenses .. .. .. .. 2,784 16 10 Expenditure under the Act, — 37,365 19 8 Lands Department .. .. .. .. .. •• 26,070 19 7 207,974 19 6 Native Department .. .. .. .. •• 58 19 11 ___! 84,492 19 6 245,340 19 2 Lrewera Lands Act, 1921-22, Section 10, — Payment in Debentures .. .. ■. . • .. .. .. 29,323 8 4 Interest on Debentures .. .. .. •• •• •• .. 2,932 6 10 — 32,255 15 2 Recoupments under the Finance Act, 1919, Section 4, — 133,640 16 8 Interest .. .. .. •• •• •• •• •• U l'H ® t ,1 5,989 13 1 \ Sinking Fund .. .. .. .. ■■ .. 5,986 3 10 153,761 7 11 139,630 9 9 157 9 9 | Recoupment of Management Charges of Consolidated Stock .. .. , . .. 6 6 5 Section 19 (1) of Land Laws Amendment Act, 1922,— 2 941 10 7 Expenses of administration recouped to the Consolidated Fund .. .. .. 2,737 8 3 Land Act, 1924, Section 21, — Expenses of administration reoouped to the Consolidated Fund .. .. .. 1,981 1 5 Finance Act, 1923, Section 7, Subseotion (3),— Recoupment to Consolidated Fund (Ordinary Revenue Account) of Amount applied in 1922-23 to redeem Debentures at maturity— 21 100 0 0 Native Land Amendment Aot, 1913 1 500 0 0 Maori Land Settlement Act, 1905.. 22,600 0 0 Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908 — 77 , Native Land Amendment Act, 1913 (redemptions) .. .. .. .. 150 0 0 Native Land Amendment Act, 1913 .. .. •• •• •• 5,507 16 10 " r n n Maori Land Settlement Act, 1905 (redemptions) Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935/1945— ,,, n ,, Native Land Amendment Act, 1913 .. .. .. .. .. 103 8 8 14i 0 <!■ 5,761 5 6 308 11 5 Adjustment of entry incorrectly shown in 1912-1913 Aooounts, — Amount shown as received from New Zealand State-guaranteed Advances Office in terms of Seotion 44, New Zealand State-guaranteed Advances Act, 1909, should have been shown as per contra .. .. .. •• 1,500 0 0 Balance at end of Year, — 29 118 12 1 Cash in the Public Aooount .. •• 67,982 lj 6 ' Imprests outstanding— ii 19 A In the Dominion .. •• J*? ® f Investment Account .. ■■ •• •• 90,000 0 0 Io8,012 4 10 29,150 4 5 Totals •• £443,293 5 10 £445,856 11 1 \ iotals '' ' '' 1 — —— : : ' \ Note. In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924- 1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

60

RAILWAYS IMPROVEMENT 1923-1924. RECEIPTS. 1924^-1925. £ s. d. Balanoe at beginning of Year, — £ a. d. £ s. <3. 44,529 12 5 Gash in the Public Account .. .. .. .. .. .. 9,003 9 1 Imprests outstanding— In London .. .. .. .. .. .. .. .. 1,472 0 0 806,000 0 0 Investment Account .. .. .. .. .. .. .. 821,000 0 0 j_ 831,475 9 1 850,529 12 5 Credits in reduction of Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914 .. .. .. .. .. .. .. .. 1,000 2 11 Credits in reduction of Expenditure under Section 7 of the Finance Act, 1924, — Hutt Valley Railway .. .. .. .. .. .. .. .. 206 12 0 — £850,529 12 5 Totals .. .. .. .. .. .. .. £832,682 4 0 RANGITAIKI LAND £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 4,891 10 ? Cash in the Publio Account .. .. .. .. .. .. 1,148 7 2 Credits i'n reduction of Expenditure under Sect! n 7 of the Iiangitaiki Land Drainj age Aot, 1910 .. .. .. .. .. .. .. ..I .. 1,568 17 9 Receipts under ihe Rangitaiki Land Drainage Aot, 1910,— Thirds .. .. .. .. .. .. .. .. .. 10 6 8 125 14 6 Miscellaneous .. .. .. .. .. .. .. .. 177 2 8 187 9 4 . Rangitaiki Land Drainage Act, 1910, Seotions 6 and 7,— 3,438 4 3 Rate Account .. .. .. .. .. .. .. .. j 1,203 9 1 Appropriation Act. 1924, Section 14, — Transfer from Consolidated Fund (Ordinary Revenue Account) in respect of ratesRemission of rates paid for the three years ended 31st March, 1924 .. .. I 8,403 2 2 | Remission of rates owing for the three years ended 31st March, 1924 .. 50,229 10 1 58,632 12 3 | New Zealand Loans Act, 1908,— Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22, Seotion 23— 29,100 0 0 Debentures is»ued .. .. .. .. .. .. .. Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1923, 1 Section 5— 22,900 0 0 Debentures issued .. .. .. .. .. .. , .. 27,100 0 0 Rtngiiaiki Lund Drainage Amendment Act, 1913, and Finance Act, 1924, j Section 5, — | Debentures issued .. .. .. .. .. .. .. j 10,000 0 0 : j— 37,100 0 0 52,000 0 0 ! £60,455 9 4 Totals .. .. .. .. .. .. .. £99,840 15 7 RESERVE FUND £ s. d. I Balance at beginning of Year,— | £ s. d. £ s. d. ' 2,000,000 0 0 I Investment Account .. .. .. .. .. .. .. 2,000,000 0 0 | • | £2,000,000 0 fl| Totals .. .. .. .. ... .. £2 000,000 0 0 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [Pt. I].

61

PUBLIC ACCOUNTS, 1924-1925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

AUTHORIZATION ACT 1914 ACCOUNT. f0 „ . <v>, 1924-1925 1923-1924. EXPENDITURE. r _ n __ Net. uross ' £ s. d. .6 s. d. 19,054 % If Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914 .. 213,586 15 2 Expenditure under Seotion 7 of the Finance Aot, 1924, Hutt Valley Railway ' fi fi New Plymouth Railway Works .. •• •• •• " Paeroa Railway-station rearrangement • •• •• Jj Peliohet Bay Railway Deviation .. ■■ •• •• •• 7417 o 1 Railway electric lighting .. •• •• •• -• •• •• » 41,494 3 3 Balance at end of Year, — 23 224 3 2 9,003 9 1 Cash in the Public Aoeount .. •• •• •• •• •• ' Imprests outstanding— 2 285 6 0 In the Dominion .. • • • • • • '' ' 291 16 5 1,472 0 0 InLondon .. •• •• " " " 539*8 >0 0 0 821,000 0 0 Investment Aoeount .. ■■ •• •• •• " 577,601 5 7 831,475 9 1 .... £832,682 4 0 £850,529 12 5 Tota.s .. .. •• •• DRAINAGE ACCOUNT. £ a. d. £ s. d. 40,529 17 0 (expenditure under Section 7 of the Rangitaiki Land Drainage Act, 1910 .. 18,577 3 2 Recoupment of Interest under the Finance Aot, 1919, Section 4 .. •• ■ '* 20,915 7 200 2 0 Compensation under Section 8 of the Rangitaiki Land Drainage Aot, 1910 . Balance at end of Year, 7 2 1,148 7 2 Cash in the Public Aooount .. .. •• •• •• } 7 000 0' 0 Investment Account .. .. •• •• • •• "• Y 2 7 To , a l 8 .. £99,840 15 7 £60,455 9 4 iocals •• " ACCOUNT. , , „ £ s. d. | £ s. d. £ s. d. Balanoe at end of Year.— I 2,000,000 0 0 2,000,000 0 0 Investment Aoeount tw.I. .. •• £2,000,000 0 0 £2.000,000 0 0 Totals .. .. •• •• I- : Not*. In tW aooounta the credite-in-aid (section 22, Appropriation Act,'1923) and other credito in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 7 .

B.—l [PT. I].

PUBLIC ACCOUNTS, 19 24-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

62

SAMOAN LOAN 1923-1924. RECEIPTS. • 1924-1925. £ s. d. New Zealand Loans Act, 1908, — £ s. d. £ s. d. Finance Act, 1921-22, Section 26 (Samoan Loans) — 8,000 0 0 j Debentures issued .. .. : , £8,000 0 0 Totals STATE ADVANCES £ s. d. £ s. d. £ s. d. New Zealand Loans Act, 1908, — State Advances Act, 1913 — Advances to Settlers Branoh —• Inscribed Stock issued .. .. .. .. .. .. 1,125,000 0 0 1,300,000 0 0 Debentures issued .. .. .. .. .. .. 300,000 0 0 Advances to Workers Branch— 1,300,000 0 0 Debentures issued State Advances Act, 1913 — N.Z. Consolidated Stock, 1944 — Stock issued in respect of £2,000,000 authorized (part of £5,000,000 4J-per-cent. Stock Loan)— Advances to Settlers Branch .. .. .. . . 1,000,000 0 0 Advances to Workers Branch .. .. .. .. .. 1,000,000 0 0 Interest on overdue instalmentsAdvances to Settlers Branch .. .. .. .. .. 3 18 0 Advances to Workers Branch .. .. .. .. .. 3180 Stock issued in respect of £1,000,000 authorized— Advances to Settlers Branch | .. .. ■. .. .. 500,000 0 0 Advances to Workers Branch .. .. .. .. .. 500,000 0 0 Stock issued in respect of amoumt required to cover expenses of raising £2,000,000 authorized (part of £5,000,000 4J-per-cent. Stock Loan) — Advances to Settlers Branch .. .. .. .. .. 71,449 13 1 Advances to Workers Branch .. .. .. .. .. 71,449 13 1 Stock issued in respect of amount required to cover expenses of raising £1,000,000— Advances to Settlers Branch .. .. .. .. .. 27,578 5 5 Advances to Workers Branch .. .. .. .. .. 27,578 5 4 Stock issued in respect of amount required to cover Stamp Duty on Transfers — Advances to Settlers Branch .. .. .. .. .. 4,104 100 Advances to Workers Branch .. .. .. .. .. 4,104 10 0 New Zealand State-guaranteed Advances Acts, 1909 and 1910 — New Zealand Consolidated Stock, 1944 — Stock issued in respect of amount required to cover Stamp Duty on transfers of New Zealand Consolidated Stock, 1944 — Advances to Settlers Branch .. .. .. .. .. 1119 Advances to Workers Branch .. .. .. .. .. 207 18 7 .4,631,491 13 3 Amounts received from-the State Advances Office to cover Charges and Expenses of raising loans, — New Zealand State-guaranteed Advances Acts, 1909 and 1910— Advances to Settlers Branch .. .. .. .. .. .. 007 Advances to Workers Branch .. .. .. .. .. .. 0 10 4 State Advances Act, 1913 — Advances to Settlers Branch .. ., .. .. .. .. 10 7 6 Advances to Workers Branch .. .. .. .. .. . . 10 7 6 21 5 11 Amounts received from the State Advances Office to cover Stamp Duty on Transfers of New Zealand Consolidated Stock, 1944, — New Zealand State-guaranteed Advances Acts, 1909 and 1910 — Advances to Settlers Branch .. .. .. .. .. 080 Advances to Workers Branch .. .. .. .. .. .. 7 11 8 State Advances Act, 1913— Advances to Settlers Branch . . .. . .. ■ . . ■ 149 14 10 Advances to Workers Branch .. .. •. ■ • . ■ 149 14 10 307 9 4 £2,600.000 0 0 Totals .. .. .. .. .. .. £4,631,820 8 6 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B. —1 [PT. I].

PUBLIC ACCOUNTS, 1 924-1 925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924 —continued.

63

SUSPENSE ACCOUNT. 1923-1924. EXPENDITURE. 1924-1925. Net. Gross. £ s. d. £ s. d. £ s. d. Samoan Act, 1921, Section 33, and Finance Act, 1921-22, Section 26,— 8,000 0 0 Amount advanced to Samoan Treasury .. .. .. .. .. .. - # £8,000 0 0 Totals .. LOAN ACCOUNT. £ s. d. Amounts paid over to the State Advances Office on account of loans raised— £ s. d. £ s. d. 1,300,000 0 0 Advances to Settlers Branch .. .. .. .. .. .. 2,727,500 0 0 1,300,000 0 ■ 0 Advances to Workers Branch .. .. .. .. .. .. 1,362,500 0 0 4,080,000 0 0 New Zealand Loans Act, 1908, — Charges and Expenses of raising loans — New Zealand State-guaranteed Advances Acts, 1909 and 1910 (redemption).— Advances to Settlers Branch .. .. .. .. .. .. 1169 Advances to Workers Branch .. .. .. .. .. 212 11 5 State Advances Act, 1913— Advances to Settlers Branch .. .. .. .. .. .. 99,226 18 1 Advances to Workers Branch.. .. .. .. .. .. 99,226 18 0 — 198,677 14 3 Stamp Duty on Transfers of 4i-per-cent. New Zealand Consolidated Stock, 1944 — New Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers Branch . . .. .. .. .. .. 10 19 10 Advances to Workers Branch .. .. .. .. .. . • 206 3 2 State Advances Act, 1913 — Advances to Settlers Branch .. .. .. .. .. .. 4,069 10 9 Advances to Workers Branch .. .. .. . ■ . . .. 4,069 10 9 — 8,356 4 6 Balanoe at end of Year, — Cash in the Public Account .. .. .. .. .. .. 15,286 9 9 Investment Account .. .. .. .. .. .. .. 329,500 0 0 344,786 9 9 £2,600,000 0 0 Totals .. .. .. .. .. .. .. £4,631,820 8 6 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B. —1. [PT. I]

PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

64

STATE FORESTS 1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ s. d. ' £ s. d. 10,532 6 4 Gash in the Public Account .. .. .. .. .. . . ; 10,913 16 10 Imprests outstanding— 1,781 0 8 | In the Dominion .. .. .. .. .. .. .. j 632 0 0] I" London .. .. .. .. ., .... 166,843 19 1 \ Investment Account .. .. .. .. .. .. . '' 144,700 0 0 — 1 155,613 16 10 179,789 6 1 ! j Credits-in-Aid—- ! Vote —State Forest Service .. .. .. .. .. .. j .. 1,9591610 Credits in reduction Unauthorized .. .. .. .. .. .. .. .. J •. 4,206 5 0 1,996 10 0 Recoveries on account of Expenditure of previous Years .. .. .. j .. 181 0 11 90,267 7 5 Rents, Royalties, &o., from Lands set apart .. .. .. .. .. j Receipts from Nurseries and Plantations* .. .. .. .. .. .. 10,996 J4 7 Receipts from Indigenous Forests * .. .. .. .. .. .. .. 110,654 16 10 I » Forests Act, 1921-22, Section 39, —- Receipts from National Endowment Indigenous Forests* .. .. .. .. 22,539 14 7 Miscellaneous Receipts* .. .. .. .. .. .. .. .. 3,342 12 3 State Forests Amendment Act, 1919, and Forests Act, 1921-22, Section 3, — Revenue from National Endowment Indigenous Forests received prior to 31st March, 1924, and credited to Rents, Royalties, &c., now transferred to separate heading .. .. .. .. .. .. .. .. 28,504 11 4 6,013 2 1 Interest on Securities held by Investment Account .. .. .. .. .. 6,726 12 0 New Zealand Loans Act, 1908, — N New Zealand Consolidated Stock, 1935/1945— Forests Aot, 1921-22 — 5-per-cent. Inscribed Stock issued in respect of Amount required to cover 115 4 l Stamp Duty on Transfers .. .. .. .. .. .. .. 93 11 9 Forests Act, 1921-22, Section 40, and Finance Act, 1924, Section 16; — Debentures issued .. .. .. .. .. .. .. .. I 100,000 0 0 Finance Act, 1924, Section 16 (4), —- Receipts from sale of timber on Selwyn Settlement .. . . .. •• " 10,755 0 8 . i. Adjustment of Entries wrongly shown in 1922-23 Accounts, — New Zealand Loans Act, 1908— Forests Act, 1921-22— 10,000 0 0 Debentures issued .. .. .. .. .. .. .. .. | New Zealand Consolidated Stock, 1935/1945 — Amount received in respect of £200,000 authorized (part of £5,000,000 200,000 0 0 5-per-cent. Stock Loan) .. .. .. .. .. .. ,. j 4 11 10 Interest on overdue Instalments .. .. .. .. .. .. I 5-per-cent. Inscribed Stock issued in respect of Amount required to cover Stamp Duty on Transfers (includes £1 9s. to cover Expenses of raising 357 13 1 Loan) 9 15 0 Premiums 5-per-cent. Inscribed Stock issued in respect of Amount required to cover 3,830 4 6 Expenses of raising £200,000 19 3 0 Premium 214,221 7 5 £492,402 17 1 Totals .. .. .. .. .. .. .. £455,574 13 7 * These receipts were formerly shown as Rents, Royalties, <fec., from Lands set apart. SWAMP LAND £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 3,713 19 8 Cash in the Publio Account .. .. .. .. .. .. 5,859 17 8 j Credits in reduction of Expenditure under Section 4 of the Swamp Drainage Act, 1915, and Section 95 of the Reserves and Other Lands Disposal and Public Bodies Empowering Act, 1916 .. .. .. .. .. .. .. .. 746 2 5 Swamp Land Drainage Act, 1915, Section 8, — | Thirds .. .. .. .. .. .. .. .. .. .. 100 135 11 2 Miscellaneous Receipts .. .. .. .. 208 7 8 30 11 5 Interest on Securities held by Investment Account .. .. .. .. .. New Zealand Loans Act, 1908, - - Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46— 63,000 0 0 Debentures issued .. .. .. .. .. .. .. 40,000 0 0 New Zealand Consolidated Stock, 1944— Stock issued in respect of £50,000 authorized (4i-per-cent. Stock Loan) .. 50,000 0 0 90,000 0 0 166,880 2 3 Totals .. .. .. .. .. .. .. £96,815 7 9 Note.—In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deduoted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 7],

B.—l [PT. IJ.

PUBLIC ACCOUNTS, 1 924-1925,

Year ended 31st March, 1925, compared with the Year ended 31st March, 1924-continued.

65

ACCOUNT. 1923-1924 1924-1925. lSZd EXPENDITURE. - cc Net. Gross. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 96,044 1 9 ote —State Forest Service .. .. .. .. .. .. 116,257 12 5 Recoupments under the Finance Act, 1919, Seotion 4, —■ 23,171 11 2 Interest .. .. .. .. •• •• •• •• •• 23,157 6 7 913 2 4 Sinking Fund .. .. .. • • • • ■ • • • • • 893 0 10 24,050 7 5 24,084 13 6 63 10 2 Recoupment of Management Charges of Consolidated Stock .. .. .. 2 11 7 Unauthorized Expenditure, — 2,260 3 4 Services not provided for .. .. .. .. .. .. .. .. 4,206 5 0 ; Adjustment of Entries wrongly shown in 1922-23 Accounts, — New Zealand Loans Act, 1908 — Finance Act, 1916, Section 50, and Finance Act, 1920, Section 16 (State Forests) — 10,000 0 0 Debentures issued New Zealand Consolidated Stock, 1935/1945 — Amount received in respect of £200,000 authorized (part of £5,000,000 200,000 0 0 j 5-per-cent. Stock Loan) .. 4 11 10 Interest on overdue Instalments 5-per-cent. Inscribed Stock issued in respect of Amount required to cover 3,830 4 6 Expenses of raising £200,000 19 3 0 Premium 5-per-cent. Inscribed Stock issued in respect of Amount required to cover Stamp Duty on Transfers (includes £1 9s. to cover Expenses of raising 357 13 1 j Loan) 9 15 0 Premium 214,221 7 5 Receipts from National Endowment Indigenous Forests received prior to 31st March, 1924, and credited to Rents, Royalties, &c., now transferred to separate heading .. • ■ • • • ■ ■• ■■ • ■ • ■ • ■ 28,504 11 4 Forests Act, 1921-22, Section 39 (2),- — Transfer to National Endowment Account .. .. .. .. .. .. j 12,611 11 7 Finance Act, 1924, Section 16 (2), — Transfer to Land for Settlements Account for purchase of part of Selwyn Settlement .. 100,000 0 0 Reserves and other Lands Dosposal and Public Bodies Empowering Act, 1924, Section 62 (transfer to Deposits Account for payment to the Native Owners) .. .. 459 8 6 Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908— Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935/1945 — 115 4 1 Forests Act, 1921-22 .. .. .. .. .. .. .. .. | 82 14 11 I Balance at end of Year,— 10,913 16 10 Cash in the Public Aooount .. .. .. .. .. .- 4,399 10 10 144,700 0 0 Investment Account .. .. .. .. .. .. .. 165,000 0 0 j 169,399 10 10 165,613 16 10 £492,492 17 1 Totals .. .. | .. £455,574 13 7 DRAINAGE ACCOUNT. £ s. d. Expenditure under Section 4 of the Swamp Drainage Act, 1915, and Seotion 95 of the £ s. d. £ s. d. 45,326 2 8 Reserves and other Lands Disposal and Public Bodies Empowering Act, 1916 .. 45,203 6 6 Expenditure under Section 2 of the Swamp Drainage Amendment Act, 1922,— 272 13 4 Administration Expenses .. .. . . .. .. .. .. 115 9 11 3,041 18 0 Improvement of Crown Lands .. .. .. .. .. .. 1,058 4 0 80 5 2 Recoupment to Consolidated Fund.. 1,173 13 11 3,394 16 6 12,299 5 5 Recoupment of Interest under the Finance Act, 1919, Section 4 .. .. .. 16,195 10 11 New Zealand Loans Act, 1908, — Charges and Expenses of raising loans— Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 .. .. 1,376 19 2 Balance at en;i of Year,— 5,859 17 8 Cash in the Pubiic Account .. .. .. .. .. .. 7,865 17 3 Investment Account .. .. .. .. .. .. .. 25,000 0 0 32,865 17 3 £66,880 2 3 Totals .. .. .. .. .. .. .. £96,815 7 9 Note.—In these accounts the eredits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposet of comparison a summary showing the net expenditure will be found on page 71.

B.—l [PT. I]

PUBLIC ACCOUNTS, 1 924-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

66

1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 9,719 4 10 Gash in the Public Aooount .. .. .. .. .. .. 58,118 3 5 Imprests outstanding— 3,809 16 2 In the hands of Officers of the Government .. .. .. .. 0 10 0 19,781 4 3 In London .. .. .. .. .. .. .. .. 204 2,475,663 0 10 Investment Acoount .. .. .. .. .. .. j 87,760 10 8 1 145,881 4 5 2,508,973 6 1 Credits-in-Aid — Vote —War Expenses . .. .. .. .. .. .. j .. 537 7 . . 4,043 1 5 Recoveries on account of Expenditure of previous Year .. .. .. .. .. 415 13 1 Contributions received towards expenses of the War, — War Contributions Validation Act, 1914— Transfer of various amounts originally credited to Deposit Accounts .. ,, .. 1,025 7 9 £2,513,016 7 6 Totals .. .. .. .. .. .. .. £259,859 6 10 Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71-

B.—l [PT. I].

67

PUBLIC ACCOUNTS, 1 924-1925.

WAR EXPENSES ACCOUNT.

10 —B. 1 [Pt. 1,.

1923 - 1 t 924 ' EXPENDITURE. 1924 ~ 1925 ' Net. Gross. £ 8. d. Annual Appropriation,— £ s. d. £ s. d. 159,049 3 8 Vote—War Expenses .. .. .. .. .. .. .. .. 243,158 13 10 Unauthorized Expenditure,— 2,081 18 4 Services not provided for .. Amortization of Debt, — Transfers to Loans Redemption Aooount for redemption of Securities— War Purposes Loan Act, 1917, Seotion 5, Subsection (3) — 16,800 0 0 Death-duty Stock matured Finance Act, 1918, Section 15, Subseotion (3), (War Expenses)— 6,000 0 0 Death-duty Stock matured Finance Act, 1918, Section 10— 93 140 0 0 Debentures matured 115,940 0 0 Transfer to Loans Redemption Aooount for redemption and cancellation, in terms of Section 24 of the Finance Aot, 1921-22, of Securities as under— New Zealand Loans Act, 1908 — 1 238 780 0 0 Finanoe Act, 1916, Seotion 35 (War Expenses), (nominal value, £1,239,100).. '90s' 301 1 9 6 War Purposes Loan Act, 1917 (nominal value, £299,700) .. Finance Act, 1918, No. 2, Part IV (War Expenses), (nominal value, £100) .. 96 15 0 War Purposes Loan Aot, 1917 (nominal value, £3,500) .. .. .. 3,383 5 0 19 Wl r<i n Finance Aot, 1918 (No. 2), Part IV (War Expenses), (nominal value, £33,800) New Zealand Inscribed Stock Act, 1917— Finance Aot, 1916, Section 35 (War Expenses), (nominal value, £50) .. 48 12 6 Finance Act, 1918, Section 10 (War Expenses), (nominal value, £700) .. 676 0 0 War Purposes Loan Act, 1917 (nominal value, £3,200) .. .. .. 3,091 5 0 « x'x'n n 0 Finance Aot, 1916, Section 35 (War Expenses), (nominal value, £57,800) .. n War Purposes Loan Act, 1917 (nominal value, £338,400) ' War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68 (nominal 9QP 10 0 value, £300) .. .. . • .. • • .. .. S , n Finance Act, 1918, Section 10 (War Expenses), (nominal value, £127,800).. 126,334 5 0 v 7,295 17 6 2,088,018 2 6 Public Revenues Amendment Aot, 1915 (No. 2), Seotion 6,— 884 8 7 Remittances to Soldiers IV 18 6 Remittances from Soldiers .. 997 7 1 New Zealand Loans Aot, 1908, — Charges and Expenses of raising Loans— 44 j 0 Finanoe Act, 1918 (No. 2), Part IV (War Expenses), (Redemptions) .. .. 40 8 0 4 12 6 Finance Aot, 1916, Section 35 (War Expenses), (Redemptions) XQQ It n War Purposes Loan Aot, 1917 •• .. .. .. .. War Purposes Loan Act, 1917 (Redemptions) .. .. .. .. 809 12 0 100 5 0 Finanoe Aot, 1918, Seotion 10 (War Expenses), (Redemptions) .. .. 74 18 0 924 18 0 1,048 11 6 Balance at end of Year, — 58 118 3 5 Cash in the Publio Acoount .. .. .. .. .. .. 962 0 8 Imprests outstanding— 0 10 0 In the hands of Officers of the Government 2 0 4 In London .. .. .. .. .. .. .. .. 822 13 8 o<y inn in ft Investment Acoount .. .. .. .. .. .. .. 6,695 3 2 S7 ' 70 ° 10 8 8,479 17 6 145,881 4 5 £2,513,016 7 6 Totals .. .. .. .. .. .. j .. £259,859 6 10 2^ otb jn these accounts the credits-in-aid (seotion 22, Appropriation Aot, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B.—l [Pt. I].

68

PUBLIC ACCOUNTS, 1924- 1 925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

The Treasury, Wellington, 27th May, 1925.

WESTPORT HARBOUR 1923-1924. RECEIPTS. 1924-1925. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account.. .. .. .. .. .. .. .. 19,408 5 6 Credits-in-Aid, — Vote—Westport Harbour .. .. .. .. .. .. .. .. 55 0 0 14,827 4 7 Wharfage .. .. .. .. .. .. .. .. .. 20,445 2 2 5,585 16 3 Special Coal Rate .. .. .. .. .. .. .. .. .. 6,882 3 6 3,069 18 0 Port Charges .. .. .. .. .. .. .. .. 4,891 1 10 15,724 5 4 Endowments .. .. .. .. .. .. .. .. 14,911 11 9 134 10 0 Rents .. .. .. .. .. .. .. .. ,. _ _ 106 3 0 Interest on Investments .. .. .. .. .. .. .. _ _ 362 4 0 3,091 5 9 Miscellaneous Receipts .. .. .. .. .. .. .. 1,967 11 5 Finance Act, 1921, Section 4, — 17,000 0 0 Transfer from Ordinary Revenue Account £59,432 19 11 Totals .. .. .. .. ., .. .. £69,029 3 2 NEW ZEALAND £ s. d. Balance at beginning of Year, — £ s. d. £ s. d 6 14 0 Cash in Deposit Account .. .. .. .. .. .. .. 6 14 0 475,985 0 0 Investment Account .. .. .. .. .. .. 475,985 0 0 ——• 475,991 14 0 £475,991 14 0 Totals .. .. .. .. .. .. ... £475,991 14 0 PUBLIC ACCOUNT CASH BALANCE £ «. d. Finauoe Act, 1920, Section 28, — £ s. d. £ s. d. Amounts placed on Fixed Deposit with various Banks now repaid to Public Account .. .. .. .. .. .. .. .. 2,075,000 0 0 Imperial Government Treasury Bills matured (nominal value, £650,000) .. 644,014 11 8 4-per-oent. New Zealand Consolidated Stock, 1929, sold to Ordinary Revenue Account (nominal value, £250,000) .. .. .. .. .. 239,580 12 6 Debentures under State Advances Aot, 1913 (Advances to Workers Branch), sold to Ordinary Revenue Acoount .. .. .. .. .. .. 750,000 0 0 3,708,595 4 2 Totals .. .. .. .. .. .. .. £3,708,595 4 2 j Note. —In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown asreceipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

69

B.—l [FT. I].

PUBLIC ACCOUNTS, 1924-1925.

for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1924—continued.

R. E. Hayes, Examined and found correct. Secretary to the Treasury. G. F. C. Campbell, A. D. Park, Controller and Auditor-General. Accountant to the Treasury.

ACCOUNT. 1923-1924. EXPENDITURE. 1924-1925. Net. Gross. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 16,830 10 11 Vote—Westport Harbour .. .. .. .. .. .. .. 13,659 5 8 Unauthorized Expenditure,— 25 0 0 Services not provided for .. Recoupments under the Finance Act, 1919, Section 4, — 18,863 12 3 Interest ., 4,305 11 3 Sinking Fund .. .. .. .. .. .. .. •• 54 6 9 54 6 9 23,169 3 6 Balance at end of Year, — 19.408 5 6 Cash in the Publio Account .. .. .. .. •• 19,315 10 9 Investment Account .. .. .. •• •• •• 36,000 0 0 55,315 10 9 £59,432 19 11 Totals .. .. .. .. •• £69,029 3 2 CONSOLS ACCOUNT. £ s. d. Balanoe at end of Year, — £ s. d. £ s. d. 6 14 0 Cash in Deposit Acoount .. .. .. .. .. •• 6 14 0 475,985 0 0 Investment Aooount .. .. .. .. 475,985 0 0 475,991 14 0 £475,991 14 0 Totals .. .. .. .. .. .. •• £475,991 14 0 INVESTMENT ACCOUNT. £ s. d. Finanoe Aot, 1920, Section 28, — £ s. d. £ s. d. Amounts placed on Fixed Deposit with various Banks during the Year.. .. 2,075,000 0 0 Imperial Government Treasury Bills purchased during the Year (nominal value, £650,000) .. .. .. .. •• •• •• 644,014 11 8 4-per-cent. New Zealand Consolidated Stock, 1940, purchased during the Year (nominal value, £250,000) .. .. .. •• •• •• 239,580 12 6 State Advances Act, 1913 (Advances to Workers Branoh) — Debentures purohased during the Year .. .. .. .. .. 750,000 0 0 " 3,708,595 4 2 ~~~ Totals •• £3,708,595 4 2 I : — — —1 Note.— In these accounts the credits-in-aid (section 22, Appropriation Act, 1923) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as formerly. For the purposes of comparison a summary showing the net expenditure will be found on page 71.

B. —1 [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

SUMMARY of BALANCES on 31st MARCH, 1925.

70

<5 — Cash. Imprests. Investments. Total. * I I Consolidated Fond: — £ s. d. £ s. d. £ 3. d. £ 9. d. 2 Ordinary Revenue Aooount .. 1,113,219 4 4 304,651 Oil 2,732,935 11 3 4,150,805 16 6 6 State Coal-mines Account .. 11,214 11 5 860 0 0 10,000 0 0 22,074 11 5 6 State Coal-mines Sinking Fund Account .. .. .. 188 12 2 .. 41,480 0 0 41,668 12 2 8 Nauru and Ooean Islands Account 1,716 10 6 .. 40,000 0 0 41,716 10 6 8 Nauru and Ocean Islands Sinking Fund Account .. .. 288 19 8 .. 13,250 0 0 13,538 19 8 8 Accounts of Local Bodies .. 10,561 15 9 .. .. 10,561 15 9 10 Deposit Aooounts .. .. 2,361 10 11 14,595 14 0 400,200 0 0 417,157 4 11 1,139,551 4 9 320,106 14 11 3,237,865 11 3 4,697,523 10 11 Public Works Fund :— 12 General Purposes Account .. 163,989 11 5 215,449 15 5 .. 379,439 6 10 14 The Waihou and Ohinemuri Rivers Improvement Account 273 4 8 .. .. 273 4 8 14 Electric Supply Account .. 30,479 13 10 45,968 2 0 152,800 0 0 229,247 15 10 1 14 Electric Supply Sinking Fund Account .. .. .. 108 10 2 .. 12,000 0 0 12,108 10 2 194,851 0 1 261,417 17 5 164,800 0 0 621,068 17 6 26 Land fob Settlements Account.. 1,731 13 0 1,671 1 11 57,500 0 0 60,902 14 11 28 Land foh Settlements Account (Discharged Soldiers Settlement Acoount) .. .. .. 6,571 0 4 1,060 11 2 .. 7,631 11 6 28 Land fob Settlements Account (Opening up Crown Lands for Settlement Account) .. .. 4,182 12 9 .. .. 4,182 12 9 12,485 6 1 2,731 13 1 57,500 0 0 72,716 19 2 16 Advances to other Governments Account .. .. .. .. 437 7 8 .. 437 7 8 16 Bank of New Zealand Acts Account .. - .. 875,000 0 0 875,000 0 0 16 CHEVIOT Estate Account .. 9,309 19 10 .. 214,640 0 0 223,949 19 10 18 Conversion ACCOUNT .. .. 5,982 18 4 90 16 10 .. 6,073 15 2 18 Discharged Soldiers Settlement Account .. .. .. 6,388 16 9 12,361 18 9 159,260 0 0 178,010 15 6 20 Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund Account .. .. 1,484 14 9 .. 270,250 0 0 271,734 14 9 20 Education Loans Account .. 3,173 16 10 1,181 2 6 122,100 0 0 126,454 19 4 22 General Purposes Relief Account .. .. .. 3,169 0 9 .. 15,000 0 0 18,169 0 9 22 Hauraki Plains Settlement Acct. 5,906 15 1 .. .. 5,906 15 1 24 Hunter Soldiers' Assistance Trust Account .. .. 2,547 16 7 .. .. 2,547 16 7 24 Kauri-gum Industry Account .. 2,434 13 10 .. .. 2,434 13 10 24 Land Assurance Fund Account .. 6,699 5 4 .. 80,000 0 0 86,699 5 4 30 Loans Redemption Account .. 16,962 0 3 .. 50,000 0 0 66,962 0 3 52 Main Highways Account Revenue Fund.. .. .. .. 51,547 7 5 2,826 0 0 527,000 0 0 581,373 7 5 54 Main Highways Account : Construction Fund .. .. 545 15 3 .. .. 545 15 3 54 Mining Advances Account .. 11,856 15 7 .. .. 11,856 15 7 54 National Endowment Account .. 45,555 8 2 .. 81,100 0 0 126,655 8 2 56 National Endowment Trust Acct. 936 15 2 .. 15,700 0 0 16,636 15 2 56 Native Land Settlement Account 67,982 15 6 29 9 4 90,000 0 0 158,012 4 10 58 Railways Improvement Authorization Act 1914 Account .. 23,224 3 2 14,577 2 5 539,800 0 0 577,601 5 7 58 Rangitaiki Land Drainage Acct. 42,013 7 2 .. 7,000 0 0 49,013 7 2 58 Reserve Fund Account.. .. .. .. 2,000,000 0 0 2,000,000 0 0 60 State Advances Loan Account 15,286 9 9 .. 329,500 0 0 344,786 9 9 62 State Forests Account .. .. 4,399 10 10 .. 165,000 0 0 169,399 10 10 62 Swamp Land Drainage Account.. 7,865 17 3 .. 25,000 0 0 32,865 17 3 64 War Expenses Account .. 962 0 8 822 13 8 6,695 3 2 8,479 17 6 66 Westport Harbour Account .. 19,315 10 9 .. 36,000 0 0 55,315 10 9 66 New Zealand Consols Account.. 6 14 0 .. 475,985 0 0 475,991 14 0 Totals.. .. .. £1,702,445 19 11 £616,582 16 7 £9,545,195 14 5 £11,864,224 10 11

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

SUMMARY showing NET EXPENDITURE for the Year ended 31st March, 1925, compared with that for the Year ended 31st March, 1924.

71

w r Year ended Year ended 3 Expenditure. Credits. 31st March, 1925. 31st March, 1924. P-i Net. Net. I ; I I I I Consolidated Fund :— 2 Ordinary Revenue Account — £ s. d. £ s. d. £ s. d. £ s. d. Under Permanent Appropriations .. 14,854,854 15 6 2,216,344 2 1 12,638,510 13 5 12,450,573 12 5 Under Annual Appropriations.. .. 17,444,954 8 4 2,684,265 10 2 14,760,688 18 2 13,697,431 16 1 Miscellaneous .. .. .. 4,355,353 14 5 .. 4,355,353 14 5 4,817,341 0 0 6 State Coal-mines Account .. .. 282,389 0 0 2,163 6 3 280,225 13 9 293,644 18 0 8 Nauru and Ocean Islands Account .. 37,166 9 3 .. 37,166 9 3 73,853 2 3 8 Accounts of Local Bodies .. .. 30,237 3 11 .. 30,237 3 11 26,214 4 3 10 Deposits Account .. .. .. 3,854,576 4 9 .. 3,854,576 4 9 1,136,996 2 7 Public Works Fund :— 12 General Purposes Account—Under Annual Appropriations.. .. 4,780,348 6 11 648,908 16 6 4,131,439 10 5 3,749,159 13 0 Miscellaneous .. .. .. 968,369 16 8 .. 968,369 16 8 816,844 6 11 14 Waihou and Ohinemuri Rivers Improvement Account .. .. .. .. 72,473 7 4 14,046 1 11 58,427 5 5 75,633 15 9 14 Electric Supply Account .. .. 1,093,652 1 4 31,711 5 0 1,061,940 16 4 1,048,034 0 4 16 Advances to other Governments Account 337,569 16 8 .. 337,569 16 8 187,749 7 10 16 Cheviot Estate Account .. .. 10,193 0 0 .. 10,193 0 0 10,884 14 0 18 Conversion Account .. .. .. .. .. .. 44 9 2 18 Discharged Soldiers Settlement Account 1,715,905 9 5 41,471 12 5 1,674,433 17 0 1,699,168 17 9 20 Education Loans Account .. .. 476,827 12 3 14,615 11 10 462,212 0 5 295,680 12 6 22 General Purposes Relief Account .. 17,654 2 1 .. 17,654 2 1 10,153 16 11 22 Hauraki Plains Settlement Account .. 81,513 18 10 2,327 11 0 79,186 7 10 109,511 16 3 24 Howard Estate Account .. .. * 232 9 10 .. 232 9 10 749 17 4 24 Hunter Soldiers Assistance Trust Acf count .. .. .. .. 28 15 .. 28 15 4421 24 Kauri-gum Industry Account .. .. 20,152 7 11 27 12 0 20,124 15 11 18,097 13 6 24 Land Assurance Fund Account .. 188 18 1 .. 188 18 1 105 4 3 26 Land for Settlements Account .. 791,206 6 6 45,555 2 2 745,651 4 4 505,841 18 8 28 Land for Settlements Account : Discharged Soldiers Settlement Account 130,424 14 8 .24,370 15 7 106,053 19 1 24,279 18 10 28 Land for Settlements Account : Opening up Crown Lands for Settlement Account 32,464 12 3 25 6 11 32,439 5 4 58,351 8 6 28 Loans to Employers for Workers' Dwellings Account .. .. .. 90 14 1 .. 90 14 1 186 2 4 52 Main Highways Account : Revenue Fund 127,457 17 5 3,506 14 6 123,951 2 11 1,099 12 6 54 Main Highways Account : Construction Fund .. .. .. .. 230,276 17 1 4,822 12 4 225,454 4 9 54 Mining Advances Account .. .. 6,318 15 0 2 4 11 6,316 10 1 3,586 14 5 54 National Endowment Account .. 130,120 16 7 .. 130,120 16 7 119,867 0 6 56 Native Land Settlement Account .. 285,281 1 0 769 19 4 284,511 1 8 416,706 6 8 58 Railways Improvement Authorization Act 1914 Account .. .. .. 255,080 18 5 1,206 14 11 253,874 3 6 19,054 3 4 58 Rangitaiki Land Drainage Account .. 50,827 8 5 1,568 17 9 49,258 10 8 59,307 2 2 60 Samoan Loan Suspense Account .. .. .. .. 8,000 0 0 6 Scenery Preservation Account .. .. .. .. 3,219 19 8 60 State Advances Loan Account .. 4,287,033 18 9 .. 4,287,033 18 9 2,600,000 0 0 62 State Forests Account .. .. 286,175 2 9 6,166 1 10 280,009 0 11 336,789 0 3 62 Swamp Land Drainage Account .. 63,949 10 6 746 2 5 63,203 8 1 61,020 4 7 64 War Expenses Account .. .. 251,379 9 4 112,537 1 7 138,842 7 9 2,367,135 3 1 66 Westport Harbour Account .. .. 13,713 12 5 55 0 0 13,658 12 5 40,024 14 5 Totals .. .. .. 57,376,443 0 1 5,857,214 3 5 51,519,228 16 8 47,142,386 13 1

B.—l [Pt. I

PUBLIC ACCOUNTS, 1924-1925

STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1925, compared with the Sums voted under the Appropriation Act, 1924.

72

• ! j | Credits-in-Aid g Expenditure. Credits-in-Aid. Net Expenditure. Voted. Amount Unissued. Issued in Excess. in Excess of Estimate. f __ • — 2 Ordinary Revenue Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 1 Legislative Departments .. .. .. 70,604 13 3 5,925 0 0 64,679 13 3 69,989 0 0 5,309 6 9 .. 2,570 12 1 2 Treasury Department 96,024 7 1 27,091 0 0 68,933 7 1 | 40,057 0 0 .. 28,876 7 1 16,980 0 6 I 3 Land and Income Tax Department .. .. .. 53,401 15 2 1,150 0 0 52,251 15 2 56,535 0 0 4,283 4 10 .. 1,846 0 5 4 Stamp Duties Department .. .. .. .. 93,224 4 1 6,900 0 0 86,324 4 1 84,378 0 0 .. 1,946 4 1 418 16 7 ■ 5 National Provident and Friendly Societies Department 22,445 9 7 10 0 0 22,435 9 7 23,222 0 0 786 10 5 .. 5 14 10 ! 6 Working Railways .. .. .. .. 6,456,306 2 3 783,256 0 0 5,673,050 2 3 6,145,044 0 0 471,993 17 9 .. 36,466 18 7 ! 7 Post and Telegraph Working-expenses .. •• 3,009,634 16 6 297,625 0 0 2,712,009 16 6 2,430,993 0 0 .. 281,016 16 6* 298,574 1 11 j 8 Public Buildings .. 177,777 7 5 70,691 17 0 107,085 10 5 121,319 0 0 14,233 9 7 ! 9 Government and other Domains .. .. •- 5,791 17 2 .. 5.791 17 2 7,694 0 0 1,902 2 10 .. 5 18 0 i 10 Maintenance and Improvement of Roads .. •• 38,316 17 3 1,000 0 0 37,316 17 3 75,318 0 0 38,001 2 9 .. 980 7 5 i 11 Maintenance of Irrigation -works .. .. . 3,642 7 4 25 0 0 3,617 7 4 5,800 0 0 2,182 12 8 .. 1,391 1 10 12 Native Department .. 37,534 12 4 9,415 0 0 28,119 12 4 30,720 0 0 2,600 7 8 .. 123 11 6 I 13 Department of External Affairs .. .. •• 41,640 17 11 1,030 0 0 40,610 17 11 40,383 0 0 .. 227 17 11 10 6 0 I 14 Cook Islands .. .. .. .. .. 22,261 8 0 20 0 0 22,241 8 0 22,329 0 0 87 12 0 .. 855 2 7 | 15 Department of Industries and Commerce .. .. 178,645 13 9 64,484 5 11 114,161 7 10 143,951 0 0 29,789 12 2 1 16 Department of Justice .. .. .. •• 46,529 0 11 1,200 0 0 45,329 0 11 48, /69 0 0 3,439 19 1 .. 455 1 4 17 Supreme and Magistrates' Courts .. .. .. 97,103 11 1 9,585 0 0 87,518 11 1 92,991 0 0 5,472 8 11 .. 1,175 14 0 18 Prisons Department .. 144,484 17 1 # 45,800 0 0 98,684 17 1 91,315 0 0 .. 7,369 17 1 22,318 7 8 ! 19 Crown Law Office .. .. .. .. 6,483 13 4 715 0 0 5,768 13 4 5,966 0 0 197 6 8 .. 233 5 10 20 Police Department .. .. .. .. 404,999 14 7 3,710 0 0 401,289 14 7 419,000 0 0 17,710 5 5 .. 2,001 3 0 ! 21 Pensions Department .. .. .. .. 217,533 6 5 102,750 0 0 114,783 6 5 102,625 0 0 .. 12,158 6 5 20,335 12 1 > 22 Mines Department .. .. . . .. 39,042 16 4 800 0 0 38,242 16 4 i 4/,311 0 0 9,068 3 8 .. 215 6 4 23 Department of Internal Affairs .. .. .. 357,616 7 7 49,664 0 0 307,952 7 7 316,133 0 0 J 8,180 12 5 .. 2,312 4 0 24 Audit Department .. .. .. . . 42,602 12 4 16,000 0 0 26,602 12 4 29,675 0 0 3,072 7 8 .. 3,234 16 5 25 Public Service Commissioner's Office.. .. .. 8,086 17 9 1,050 0 0* 7,036 17 9 8,367 0 0 1,330 2 3 .. 978 16 9 26 Printing and Stationery Department .. .. 204,268 10 10 •• 204,268 10 10 205,665 0 0 1,396 9 2 27 Mental Hospitals Department .. .. .. 368,138 1 2 104,000 0 0 264,138 1 2 304,881 0 0 40,742 18 10 . > 19,806 13 3 28 Department of Health .. .. .. .. 340,688 4 11 74,530 0 0 266,158 4 11 301,108 0 0 34,949 15 1 .. 37,126 13 0 29 Naval Defence .. .. .. .. .. 310,073 1 9 25,677 0 0 284,396 1 9! 333,835 0 0 49,438 18 3j .. 1,039 19 5 30 Defence Department .. .. .. .. 384,576 7 8 13,670 7 3 370,906 0 5 j 420,172 0 0 49,265 19 7 31 Customs Department .. .. .. . 157,820 10 4 1,200 0 0 156,620 10 4 163,546 0 0 6,925 9 8 .. 432 3 4 32 Marine Department .. .. .. .. 123,757 18 2 3,085 0 0 120,672 18 2 127,606 0 0 6,933 1 10 .. 1,209 17 1 33 Department of Labour 47,029 12 0 1,557 2 11 45,472 9 1 46,701 0 0 1,228 10 11 34 Department of Lands and Survev .. .. .. 275,549 12 6 106,950 0 0 168,599 12 6 186,073 0 0 17,473 7 6 .. 157 4 0 35 Scenery Preservation .. .. .. .. 2,981 3 3 0 6 0 2,980 17 3 ; 11,470 0 0 8,489 2 9 36 Valuation Department .. .. .. .. 53,118 18 5 3,769 19 7 49,348 18 10 57,726 0 0 8,377 1 2 37 Electoral Department 7,373 6 2 18 0 0 7,355 6 2 5,260 0 0 .. 2,095 6 2 21 10 9 38 Department of Agriculture .. .. .. .. 359,919 14 2 88,357 0 0 271,562 14 2 303,115 0 0 31,552 5 10 . . 16,437 i 11 39 Department of Tourist and Health Resorts .. .. 66,555 10 11 153 0 0 66,402 10 11 68,536 0 0 2,133 9 1 .. 109 1 1 40 Department of Education .. .. .. .. 3,042,607 0 5 232,785 0 0 2,809,822 0 5 2,856,247 0 0 46,424 19 7 .. 32,551 8 7 Services not provided for .. .. .. .. 28,761 9 2 6,234 13 5 22,526 15 9 .. .. 22,526 15 9 Total .. .. •• 17,444,954 8 4 2,161,884 12 1 15,283,069 16 3 15,851,825 0 0 924,972 14 9 356,217 11 0 522,380 18 1 State Coal-mines Account. 41 State Coal-mines .. .. .. .. .. 268,084 8 1 2,163 6 3 265,921 1 10 282,346 0 0 16,424 18 2 Services not provided for .. .. .. .. 500 0 0 .. 500 0 0 .. .. 500 0 0 Nauru and Ocean Islands Account. ! 42 Nauru and Ocean Islands .. .. .. 1,317 18 1 .. 1,317 18 1 1,120 0 0 .. 197 18 1 * Excess credits to the amount of £270,000 were made available in accordance with section 22, subsection (3), of the Appropriation Act, 1923. t These credits have not been appropriated and are not available for expenditure except under the provisions of section 22, subsection (3), of the Appropriation Act, 1923.

B.—l HPt. 11.

PUBLIC ACCOUNTS, 1 924-1 9 25.

STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND for the FINANCIAL YEAR ended 31st March, 1925, compared with the Sums voted under the Appropriation Act, 1924.

73

a I A T I CBED it S-in-AID o Expendituke. Ckedits-in-Aid. Net ExPENDlTtiBE. Voted. i TT IN Excess op t> J unissued. excess. Estimate*. _ Genekal Purposes Account. £ s. d. £ s. d. J £ s. d. £ s. d. £ s. d. £ s. d. 43 ! Public Works, Departmental .. .. .. 186,990 16 11 59,498 0 8 127,492 16 3 134,766 0 0 7,273 3 9 .. ! 44 RaUway-construction .. .. .. .. 1,246,076 18 4 110,270 8 2 1,135,806 10 2 1,200,000 0 0 64,193 9 10 45 j Additions to Open Lines .. .. .. .. 746,099 14 7 3,177 7 10 742,922 6 9 800,000 0 0 57,077 13 3 .. j Public Buildings :— 46 1 General .. .. .. .. .. 30,898 18 3 108 3 9 30,790 14 6 33,000 0 0 2,209 5 6 j 47 | Courthouses .. .. .. .. .. 5,368 10 2 5 14 3 5,362 15 11 9,600 0 0 4,237 4 1 | 48 | Prison Buildings and Works .. .. .. 25,406 8 9 127 0 9 25,279 8 0 32,500 0 6 7,220 12 0 | 49 Police-stations .. .. .. .. .. j 18,743 19 11 191 5 0 18,552 14 11 19,900 0 0 1,347 5 1 I 50 i Postal and Telegraph .. .. .. .. 66,915 12 11 998 4 9 65,917 8 2 83,000 0 0 17,082 11 10 51 Agricultural .. .. .. .. .. ! 7,246 15 6 4,005 0 0 3,241 15 6 7,500 0 6 4,258 4 6 52 j Mental Hospital Buildings .. .. ! 68,567 0 11 128 14 9 68,438 6 2 87,500 0 0 19,061 13 10 j 53 | Health and Hospital Institutions .. .. .. j 28,244 10 0 10 0 0 28,234 10 0 48,000 0 0 19,765 10 0 .. ; | 54 j Timber-supply and Sawmills, &c. .. .. .. 21,491 5 5 34,500 0 0 Or. 13,008 14 7 2,500 0 0 15,508 14 7 .. 7,528 13 10 55 ! Acquisition and Operation of Quarries .. .. 11,480 0 7 4,500 0 0 6,980 0 7 11,000 0 0 4,019 19 5 .. 5,164 18 1 56 | Lighthouses .. .. .. .. .. j 2,852 8 9 0 17 6 2,851 11 3 6,500 0 0 3,648 8 9 | 57 j Harbour-works .. .. .. ... 423 0 7 .. 423 0 7 7,900 0 0 7,476 19 5 [ 58 ! Development of Tourist Resorts .. .. .. 15,512 11 4 2,500 0 0 13,012 11 4 32,500 0 0 19,487 8 8 .. 669 9 8 59 ; Department of Immigration .. .. .. 313,919 12 6 165,950 0 0 147,969 12 6 180,000 0 0 32,030 7 6 .. 11,616 11 8 | 60 | Roads, &c. .. .. .. .. .. ! 622,223 11 11 18,255 7 7 603,968 4 4 850,603 0 0 246,634 15 8 j 61 ! Roads on Goldfields .. .. .. .. j 2,988 2 10 233 0 0 2,755 2 10 4,250 0 0 1,494 17 2 62 | Telegraph Extension .. .. .. .. j 1,072,989 13 2 100,000 0 0 972,989 13 2 900,000 0 0 .. 72,989 13 2 15,695 10 7 I 63 j Motor Transport Services .. .. .. .. J 5,000 0 0 .. 5,000 0 0 5,000 0 0 | 64 | Contingent Defence .. .. .. ..I 27,288 4 0 .. 27,288 4 0 40,000 0 0 12,711 16 0 .. 155 12 3 j 65 I Lands, Miscellaneous .. .. .. .. | 34,404 1 4 231 14 7 34,172 6 9 33,250 0 0 .. 922 6 9 66 j Irrigation, Water-supply, and Drainage .. .. 128,998 0 8 1,002 11 2 127,995 9 6 100,000 0 0 .. 27,995 9 6 { 67 | Plant, Material, and Stores .. .. .. 89,258 10 2 101,487 19 0 Or. 12,229 8 10 30,000 0 0 42,229 8 10 Services not provided for .. .. .. .. 959 17 5 896 10 8 63 6 9 .. .. 63 6 9 Total .. .. .. .. 4,780,348 6 11 608,078 0 5 I 4,172,270 6 6 4,659,269 0 0 588,969 9 8j 101,970 16 2 40,830 16 1 Electbic Supply Account. j 68 Development of Water-power .. .. .. I 879,189 6 7 31,711 5 0 1 847,478 1 7 | 1,133,146 0 0 285,667 18 5 * These credits have not been appropriated and are not available for expenditure except under the provisions of section 22, subsection (3), of the Appropriation Act, 1923.

B.—l [PT. I].

STATEMENT showing the NET ISSUES from SEPARATE ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1925, compared with the Sums voted under the Appropriation Act, 1924.

PUBLIC ACCOUNTS, 1924-1925.

74

h ■ ill- Credits-in-Aid o ! Expenditure. Cbedits-in-Aid. Net Expenditure. Voted. Amount Unissued, j Issued in Excess, in Excess of i 5 " j Estimate.* Dischabged Soldiebs Settlement Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 69 Expenses of Management .. .. .. .. 77,462 12 0 11,000 0 0 66,462 12 0 57,500 0 0 .. 8,962 12 0 4,696 10 9 Land fob Settlements Account. 70 Land for Settlements Expenses .. .. .. 8,323 6 8 731 19 1 7,591 7 7 8,185 0 0 593 12 5 Land fob Settlements Account. Discharged Soldiers Settlement Account. 71 Land for Settlement of Discharged Soldiers: Expenses.. 6,377 2 10 20 17 7 6,356 5 3 8,652 0 0 2,295 14 9 —— 1— Land fob Settlements Account. Opening up Crown Land for Settlements Account. 72 Roads to open up Land for Settlements .. .. 23,169 5 11 25 6 11 23,143 19 0 51,250 0 0 28,106 1 0 Main Highways Account. Main Highways Revenue Fund. 73 Maintenance of Main Highways .. .. .. 119,957 17 5 3,506 14 6 116,451 2 11 185,000 0 0 68,548 17 1 Main Highways Account. Main Highways Construction Fund. 74 Construction of Main Highways .. .. .. 230,278 3 9 j 4,822 12 4 j 225,455 11 5 504,570 0 0 279,114 8 7 Native Land Settlement Account. ; 75 Native Land Purchase Expenses .. .. .. 2,784 16 10 .. j 2,784 16 10 4,605 0 0 1,820 3 2 .. 112 13 11 State Fobests Account. 76 StatejEorests Service .. .. .. .. 116,257 12 5 1,019 0 0 115,238 12 5 163,325 0 0 48,086 7 7 .. 940 16 10 Wab Expenses Account. 77 War Expenses .. .. .. .. .. 243,158 13 10 112,537 1 7 130,621 12 3 192,812 0 0 62,190 7 9 Westpobt Hakbouk Account. 78 Westport Harbour .. .. .. .. 13,659 5 8 55 0 0 13,604 5 8 18,684 0 0 5,079 14 4 * These credits have not been appropriated an* are not available for expenditure except under the provisions of section 22, subsection (3), of the Appropriation Act, 1923.

STATEMENT showing the NET ISSUES from ACCOUNTS, outside the Public Account, for the FINANCIAL YEAR ended 31st March, 1925, compared with the Amounts voted under the Appropriation Act, 1924.

PUBLIC ACCOUNTS, 1924-1925.

B.—1 [Pt. I

E. E. Hayes, Secretary to the Treasury. Examined and found correct. A. D. Park, G. F. C. Campbell, Accountant to the Treasury. Controller and Auditor-General. The Treasury, Ist July, 1925.

11— B. 1 [PT. I].

75

m I . Nbt Amount Issued m Credits-in-Aid § I Expenditure. Crbdits-in-Aid. Expbnditurm . Voted ' unissued. Excess. ™ Excess of > I | Estimate. f Public Trustee's Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 79 Public Trust Office .. .. .. .. .. .. 201,369 7 10 .. 201,369 7 10 204,313 0 0 2,943 12 2 Native Trustee's Account. 80 Native Trust Office .. .. .. .. .. .. 8,705 19 0 .. 8,705 19 0 11,684 0 0 2,978 1 0 Government Insurance Account. 81 Government Insurance ... .. .. .. .. 104,833 12 9 6,750 0 0 98,083 12 9 106,502 0 0 8,418 7 3 .. 485 0 0 Services not provided for .. .. .. .. .. 56 5 0 .. 56 5 0 .. .. 56 5 0 Government Accident Insurance Account. 82 Government Accident Insurance .. .. .. .. 10,344 1 9 .. 10,344 1 9 11,970 0 0 1,625 18 3 Public Service Superannuation Fund Account. 83 Public Service Superannuation Fund Office .. .. .. 7,094 0 6 .. 7,094 0 6 7,073 0 0 .. 21 0 6 State Fire Insurance Account. 84 State Fire Insurance .. .. .. .. .. .. 70,342 17 10 .. 70,342 17 10 72,869 0 0 2,526 2 2 .. 682 6 7 Services not provided for .. .. .. .. .. 17,500 0 0 .. 17,500 0 0 .. .. 17,500 0 0 State Advances Account. 85 State Advances .. .. .. .. .. .. 110,776 5 3 20,853 0 0 89,923 5 3 943,531 0 0* 853,607 14 9 Services not provided for .. .. .. .. .. 153 3 5 .. 153 3 5 .. .. 153 3 5 * This amount includes £813,250, no appropriation for which was required, as authority for this expenditure is contained in section 20 of the State Advances Act, 1913. t These credits have not been appropriated and are not available for expenditure except under the provisions of section 22, subsection (3), of the Appropriation Act, 1923.

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1 924-1 925.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND (Ordinary Revenue Account) for the Financial Year ended 31st March, 1925, under the Civil List Act, 1920, Parts I, II, and V.

76

r CIVIL LIST. £ s. d. £ s. d. £ s. d. PART I. | His Excellency the Governor-General : — The Right Hon. Viscount, Jellicoe, Admiral of the Fleet, G.C.B., O.M., G.C.V.O. — Salary, 1st April, 1924, to 26th November, 1924 .. 3,277 15 5 Allowance, 1st April, 1924, to 26th November, 1924 .. 1,638 17 8 4,916 13 1 His Excellency the Governor-General : — General Sir Charles Fergusson, Baronet, LLD., G.C.M.G., K.C.B., D.S.O., M.V.O. — Salary, 27th November, 1924, to 31st March, 1925 .. 1,613 15 11 Allowance, 13th December, 1924, to 31st March, 1925.. 752 13 9 2,366 9 8 Administrator of Government : — Right Hon. Sir Robert Stout, P.O., K.C.M.G.— Salary, 26th November, 1924, to 13th December, 1924 122 1 9 Allowance, 26th November, 1924, to 13th December, 1924 122 1 9 244 3 6 7,527 6 3 PART II. Establishment of the General Government : — The Prime Minister, Minister of Finance, Minister of Stamp Duties, Minister in Charge of Land and Income Tax, State-guaranteed Advances, Valuation, Electoral, and Public Trust Departments,— Right Hon. W. F. Massey— Salary, 1st April, 1924, to 31st March, 1925 .. .. 1,800 0 0 Attorney-General, Minister of External Affairs, and Leader of the Legislative Council, — Hon. Sir Francis Bell— Salary, 1st April, 1924, to 31st March, 1925 .. 1 .170 0 0 House allowance, 1st April, 1924, to 31st March, 1925 200 0 0 , 1,370 0 0 Minister of Lands, Minister in Charge of Land for Settlements, Discharged Soldiers Settlement, Scenery Preservation, and Repatriation Departments,— Hon. D. H. Guthrie— Salary, 1st April to 24th June, 1924 .. .. 273 0 0 House allowance, 1st April to 30th June, 1924 .. 50 0 0 Member of Executive Council, — Hon. D. H. Guthrie — Salary, 1st July, 1924, to 31st March, 1925 . . 150 0 0 473 0 0 Minister of Lands, Minister in Charge of Land for Settlements, Discharged Soldiers Settlement, Scenery Preservation and Repatriation Departments,— Hon. A. D. McLeod— Salary, 25th June, 1924, to 31st March, 1925 .. 897 0 0 House allowance, 25th June, 1924, to 31st March, 1925 .. .. .. .. .. 153 6 8 1,050 6 8 Minister of Agriculture, Minister of Immigration, and Minister in Charge of Tourist and Health Resorts, and Legislative Departments,— Hon. W. Nosworthy— Salary, 1st April, 1924, to 31st March, 1925 .. 1,170 0 0 House allowance, 1st April, 1924, to 31st March, 1925 200 0 0 1,370 o 0 Carried forward .. .. .. .. 6,063 6 8 7,527 6 3 I

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1924-1925.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND —continued.

R. E. liAYJih, Secretary to the Treasury. A. D. Park, Accountant to the Treasury. Examined and found correct. The Treasury, Wellington, Ist July, 1925. G. P. C. Campbell, Controller and Auditor-General!

77

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. 6,063 6 8 7,527 6 3 PART II—continued. Establishment of the General Government—continued. Minister of Public Works, Minister of Railways, Minister of Native Affairs, Postmaster-General and Minister of Telegraphs, Minister in Charge of Native Trust, Roads, and Public Buildings,—Hon. J. G. Coates — Salary, 1st April, 1924, to 31st March, 1925 .. .. 1,170 0 0 Minister of Education, Minister of Justice, and Minister in Charge of Police and Prisons Departments,— Hon. Sir J. Parr, K.C.M.G. — Salary, 1st April, 1924, to 31st March, 1925 .. .. 1,170 0 0 Minister of Labour, Minister of Mines, Minister of Marine, Minister in Charge of Pensions, Printing and Stationery, and Inspection of Machinery Departments,— Hon. G. J. Anderson — Salary, 1st April, 1924, to 31st March, 1925 .. 1,170 0 0 House allowance, 1st April, 1924, to 31st March, 1925 200 0 0 1,370 0 0 Minister of Defence, Commissioner of State Forests, Minister in Charge of War Pensions, Government Life and Accident Insurance, State Fire Insurance, National Provident Fund, Friendly Societies, and Public Service Superannuation Departments,— Hon. Sir R. H. Rhodes— Salary, 1st April, 1924, to 31st March, 1925 .. 1,170 0 0 House allowance, 1st April, 1924, to 31st March, 1925 200 0 0 1,370 0 0 Minister of Customs, Minister of Industries and Commerce, and Minister in Charge of Board of Trade, — Hon. W. Downie Stewart — Salary, 1st April, 1924, to 31st March, 1925 .. 1,170 0 0 House allowance. 1st April, 1924, to 31st March, 1925 200 0 0 1,370 0 0 Minister of Health, Minister for Cook Islands, Minister in Charge of Hospitals and Charitable Aid and Mental Hospitals, and Member of the Executive Council representing the Native Race, — Hon. Sir M. Pomare-— Salary, 1st April, 1924, to 31st March, 1925 .. 1,170 0 0 House allowance, 1st April, 1924, to 31st March, 1925 200 0 0 1,370 0 0 Minister of Internal Affairs, Minister in Charge of High Commissioner's Office, Audit, Museum, RegistrarGeneral's, Statistician's, Laboratory, and Advertising Departments,— Hon. R. F. Bollard — Salary, 1st April, 1924, to 31st March, 1925 .. 1,170 0 0 House allowance, 1st April, 1924, to 31st March, 1925 200 0 0 — 1,370 0 0 15,253 6 S „ PART V. Native : — ; Pensioners, Auckland .. .. .. .. •. 200 5 0 Medicines and medical attendance .. .. .. • • 3,600 0 0 Food-supplies .. .. .. .. .. . • 2,404 4 7 Monument to Captain Mair .. .. .. .. •. 150 0 0 Contribution to Maori Ethnological Research Fund .. .. 250 0 0 Omuku and Wainui water-supply .. .. .. •• 30 11 8 Contingencies .. .. .. .. .. • • 364 18 9 — 7,000 0 0 Total ■ • • • £29,780 12 U

B.—l [PT. I].

PUBLIC ACCOUNTS, 1924-1925.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1925.

78

CONSOLIDATED FUND. Ordinary Revenue Account. £ s. d. £ s. d. £ s. d. £ s. d. FOR SERVICES NOT PROVIDED FOR. Legislative Department:— Medical expenses incurred by Messenger H. Brown, as the result of an accident sustained while on duty .. 40 6 6 Grant to Mrs. J. Davis, Head Waitress, Bellamy's, on retirement .. .. .. .. .. 20 0 0 60 6 6 Stamp Duties Department:— Grant to L. F. Wilson, equal to 3 months' salary in lieu of leave on retirement, in terms of Public Service Regulations .. .. .. .. .. ' 81 13 6 Payment to H. E. E. Queree, salary 1st April to loth May, 1925 (leave granted on retirement), in terms of Public Service Regulations .. .. .. 23 9 10 105 3 4 National Provident and Friendly Societies Department:— Payment to Miss R. I. Hastings, salary 1st April to 6th May, 1925 (special leave on retirement), in terms of Public Service Regulations .. .. .. .. 29 6 10 Railway Department:— Payment of salaries and arrears to officers of the Railway Service owing to the reorganization of staff . . .. .. 517 8 7 Post and Telegraph Department:— Wages, medical fees, board and lodging paid to Marine Department on account of Chief Officer, " Wakatu," being injured by Post and Telegraph motor-lorry .. 36 19 10 Compensation to George Gillatt, Telegraph Linesman, Lincoln, for injuries sustained while on duty.. .. 308 4 0 Compensation to J. F. Morris, temporary carpenter, Auckland, for injuries sustained while on duty .. .. 36 10 9 381 14 7 Public Works Department:— Payment to Overseer R. Scott of salary 1st April to 16th June, 1925 (special leave on retirement.), in terms of Public Service Regulations .. .. .. .. 73179 Native Department:— Expenditure on Wainuku water-supply for Native purposes under the Civil List Act, 1920, Part V .. .. .. 288 14 7 External Affairs Department :— Advance to Samoan Administration .. .. .. .. 2,000 0 0 Justice Department:— Compassionate grant to Mrs. Matthews, widow of the late C. E. Matthews, Under-Secretary for Justice and Controller of Prisons, Wellington . . .. .. 956 0 0 Grant to Wilson Heaps for services as Sheriff at Nelson .. 100 0 0 1,056 0 0 Police Department:— Superannuation contributions of members of Police Force while absent on service with N.Z. Expeditionary Force .. 66 12 3 Cook Islands :— Motor-car and spare parts supplied by the Post and Telegraph Department to Resident Commissioner, Niue .. 249 1 3 Mines Department:— Payment to A. T. Ellis of salary 1st April to 16th May, 1925 (special leave on, retirement), in terms of Public Service Regulations .. .... .. 41 1 3 Travelling expenses and allowances of members of the Railway Coal Inquiry Board .. .. .. 196 14 7 237 15 10 Internal Affairs Department:— Grant to Girl Guides' Association (Endowment Fund, £500), (General purposes, £500) .. .. .. 1,000 0 0 Equipment of tea-room, State Fire Insurance Building .. 242 17 6 Fares of Private Secretary and attendant accompanying Hon. Minister of Custcjms to America .. .. 110 0 0 Payment to Miss Connell of salary 1st April to 30th April, 1925 (leave granted on retirement), in terms of Public Service Regulations .. .. .. .. 17 18 4 Grant to N.Z. Amateur Rowing Association towards expenses N.Z. team of oarsmen to Sydney .. .. 125 0 0 Advertising Mortgages Final Extension Act, 1924 .. 288 6 4 Grant to Maori Ethnological Research Board on account of T. Lindsay Buick's publication, " New Zealand's First War" .. .. .. .. .. 350 0 0 Carried, forward .. .. .. 2,134 2 2 5,066 1 6

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1924-1 925.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued.

79

CONSOLIDATED FUND —continued. Ordinary Revenue Account—continued. £ s. d. £ s. d. £ s. d. £ s. d. FOR SERVICES NOT PROVIDED FOR—continued. Brought forward .. .. .. 2,134 2 2 5,066 1 6 Internal Affairs Department—continued. Grant in lieu of cost-of-living bonus to Mrs. E. H. Brown, widow of the late J. C. Brown, M.P. .. .. ' 26 0 0 Railway fares of Boy Scouts, Wellington to Auckland, on return from British Empire Exhibition .. .. 44 13 4 Proportion of opossum fees, fines, &c., received during season 1924-25 due to— Tourist and Health Resorts Department .. .. 217 17 6 State Forest Service .. .. .. .. 2,784 12 2 5,207 5 2 Mental Hospitals Department:— Compensation to purchasers of pigs from the Mental Hospital Department, animals not answering description supplied . . .. .. .. .. .. 255 3 0 Health Department:— Treatment by Otago Hospital Board of consumptive patient .. .. .... .. .. 46 16 0 Grant to Mrs. H. Cairns, widow of late Inspector J. Cairns, Health Department .. .. .. .. 26 13 4 Grant towards cost of erection, Kahukura Cottage Hospital 250 0 0 Grant to cover expenses of Nurse Lambie to University of Toronto, Canada, training as a tutor in Public Health Nursing for Otago University .. .. .. 106 8 0 Grant towards cost and control of mosquito investigation 100 0 0 Salary of F. Smith, Assistant Bacteriologist, Auckland, while on six months' sick leave on half-pay .. .. 60 15 7 Grant to Royal N.Z. Society Health of Women and Children towards building at Karitane Hospital, Christchurch .. .. .. .. .. .. 500 0 0 Compassionate allowance to Mrs. E. Byres, widow of late W. J. Byres,' formerly House-manager at Te Waikato and Otaki Sanatoria .. .. .. .. 147 10 0 Treatment of immigrants suffering from infectious diseases contracted prior to arrival in Dominion .. 119 12 0 Refund of portion of training-fee paid by Miss Hutchins, midwifery pupil .. .. .. .. .. 19 0 0 Grant to Professor Bickerton, formerly Government Analyst at Christchurch, engagement terminated .. 100 0 0 — 1,476 14 11 Naval Defence Department:— Deferred pay of ratings discharged from their ships .. .. 9 3 8 Defence Department:— Compassionate allowance to Mrs. M. E. Peacock, widow of late Captain Peacock, £ s. d. N.Z. Staff Corps .. .. .. 227 10 0 Balance pay due late Captain Peacock 29 16 1 257 6 1 Compassionate allowance to widow of late Captain S. M. M'Gee, Christchurch.. .. .. .. 178 5 5 435 11 6 Marine Department:— . Grant to D. Cameron on termination of services, equivalent to salary in lieu of leave, in terms of Public Service Regulations .. .. .. .. .. 52 15 5 Lands and Survey Department:— Grant to W. R. Jourdain on retirement, equivalent to salary in lieu of leave, in terms of Public Service Regulations .. .. .. .. .. 153 15 0 Grant on retirement to J. Bendely, equivalent to salary in lieu of leave, in terms of Public Service Regulations 128 15 0 Grant to W. T. Neill on retirement (six months' salary), under Public Service £ s. d. Regulations .. .. .. 382 10 0 Repaid, Public Account .. .. 382 10 0 Salary of B. J. Daly, Draughtsman, Christchurch, 1st to 26th April, 1925 .. .. .. .. .. 13 14 5 Amount paid to Manukau County Council in terms of section 40, Reserves and Other Lands Disposal Act, 1924 760 0 0 Trees supplied to soldier settlers by State Forest Service 27 6 9 1,083 11 2 Carried forward .. .. .. .. 13,586 6 4

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1924-1925.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued.

80

CONSOLIDATED FUND -continued. ill Ordinary Revenue Account—continued. £ s . d. £ s . d. £ s. d. £ s . d. FOR SERVICES NOT PROVIDED FOR—continued. Brought forward .. .. .. .. 13,586 6 4 Agriculture Department Polls under Fruit Control Act, 1924, and Honey Export Control Act, 1924 .. .. .. .. 50 2 6 Expenses of election of representatives to Fruit Control Board .. .. .. .. .. .. 1 19 6 Grant to Royal Agricultural Society of N.Z., Incorporated, in connection with the Royal Agricultural Show held at Palmers ton North in 1924 .. .. .. 500 0 0 Expenses of Mr. R. B. Tennent, Instructor in Agriculture, Dunedin, visiting America to investigate irrigation methods .. .. .. .. .. 93 15 0 Compensation to widow of late H. Herbert, formerly Rabbiter, Department of Agriculture ... .. 746 5 4 Salary of B. C. Aston, Chemist, Wellington, granted leave of absence from 1st April, 1925, to 15th September, 1925 327 14 2 Expenses in connection with the Agricultural Education Inquiry .. .. .. .. .. .. 11110 Salary of E. C. Howard, Veterinarian, 1st to 15th April 20 12 6 Grant to J. L. Bruce on retirement, equivalent to salary in lieu of leave, in terms of Public Service Regulations 141 5 0 Expenses of Royal Commission of Inquiry into sale of Poverty Bay Meat Company to Vestey Bros. .. 7 19 6 1,901 4 6 Electoral Department:— Expenses incidental to the introduction of amended system under Legislature Amendment Act, 1924 .. .. 7,039 4 11 22,526 15 9 FOR SERVICES IN EXCESS OF VOTES. Vote 2—Treasury Department .. .. .. .. 28,876 7 1 Vote 4—Stamp Duties Department .. .. .. .. 1,946 4 1 Vote 7 —Post and Telegraph Working-expenses .. .. .. 11,016 16 6 Vote 13—-Department of External Affairs .. .. .. 227 17 ] 1 Vote 18 —Prisons Department.. .. .. .. .. 7,369 17 1 Vote 21—Pensions Department .. .. .. .. 12,158 6 5 Vote 37 —Electoral Department .. .. .. .. 2,095 6 2 I— 63,690 15 3 State Coal-mines Account, FOR SERVICES NOT PROVIDED FOR. Compassionate allowance to Mrs. J. F. E. Parfitt, widow of late Charles Parfitt, Chief Clerk, State Coal-mines, Greymouth .. .. .. .. .. .. . . 250 0 0 Compassionate allowance to Mrs. M. E. Edwards, widow of late E. J. Edwards, Chief Clerk, State Coal-mines, Greymouth .. .. .. •• .. .. .. 250 0 0 500 0 0 Nauru and Ocean Islands Account. FOR SERVICES IN -EXCESS OF VOTES. Vote 42—Nauru and Ocean Islands .. .. .. .. .. 197 jg j Total, Consolidated Fund .. .. .. .. gg 915 g j PUBLIC WORKS FUND. General Purposes Account. FOR SERVICES NOT PROVIDED FOR. Grant in lieu of leave on retirement to John Meehan .. .. 37 0 1 Payment to H. G. Brown, salary 1st to 24th April, 1925 (leave on retirement) .. .. .. .. .. 26 6 8 63 6 9 Advances, Miscellaneous:— Amounts advanced for£ Expenses, Mr. C. J. McKenzie, Assistant Engineer-in-Cliief, Publie Works Department, visiting America, Britain, and Europe in connection with irrigation and railway matters .. 500 Expenses, Mr. J. R. Marks, District Engineer, Public Works Department, visiting America, in connection with irrigation matters .. 500 1,000 Transferred to Imprest balances outstanding Account .. .. .. .. .. 1,000 Carried forward .. .. .. .. .. .. 63 6 9 86,915 9 1 1

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 9 24- 192 5.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued.

E. E. Hayes, Secretary to the Treasury. A. D. Pakk, Accountant to the Treasury. Examined and found correct. G. E. C. Campbell, The Treasury, Wellington, 14th July, 1925. Controller and Auditor-General.

81

£ s. d. £ s. d. £ s. d. £ s. d. Brought forward.. .. .. .. .. 63 6 9 86,915 9 1 PUPLIC WORKS FUND —continued. General Purposes Account—continnea. FOR SERVICES IN EXCESS OF VOTES. Vote 62 —Telegraph Extension .. .. .. .. 72,989 13 2 Vote 65—Lands, Miscellaneous .. .. .. 922 6 9 Vote 66—Irrigation, Water-supply, and Drainage .. .. 27,995 9 6 —— 101,907 9 5 Total, Public Works Fund .. .. .. 101,970 16 2 Discharged Soldiers Settlement Account. FOR SERVICES IN EXCESS OF VOTES. Vote 69—Expenses of Management .. .. .. .. , .. 8,962 12 0 Government Insurance Account. FOR SERVICES NOT PROVIDED FOR. Grant to Miss T. Dimant, three months' salary in lieu of leave on retirement, in terms of Public Service Regulations .. .. .. 56 5 0 Public Service Superannuation Fund Account. FOR SERVICES IN EXCESS OF VOTES. Vote 83 —Public Service Superannuation Fund Office .. .. .. .. 210 6 State Fire Insurance Account. FOR SERVICES NOT PROVIDED FOR. Purchase of office premises, Worcester Street, Christchurch.. .. .. .. 17,500 0 0 State Advances Account. FOR SERVICES NOT PROVIDED FOR. Compensation to Mr. D. Stone for additional loading on a house purchased on advice of Labour Department .. .. .. 65 0 0 Half-year's interest to 31st January, 1925, on debentures raised under Part III, Housing Aot, 1919 .. .. .. .. t>8 3 5 153 3 5 Total Unauthorized Expenditure (in j terms of Section 54, Public Revenues Act, 1910) .. .. .. j .. .. .. £215,579 6 2 Surplus Credits-in-Aid applied in Terms of Section 22, Subsection (3), of the Appropriation Act, 1923. £ s. d. £ s. d. £ s. d. £ s. d. CONSOLIDATED FUND. Ordinary Revenue Account. Vote 7—Post and Telegraph Working-expenses .. .. .. .. 270,000 0 0 Total .. .. .. .. .. .. .. £270,000 0 0

B.— 1 [Pt. I].

PUBLIC ACCOUNTS, 1924-1925. SUMMARY of CERTIFIED STATEMENTS of LIABILITIES as on 31st March 1925, as rendered by respective Departments. CONSOLIDATED FUND, ORDINARY REVENUE ACCOUNT. Permanent Charges. Civil List: — £ s - d. Native purposes .. .. .. .. .. .. .. .. 160 14 11 Under special Acts : — £ s. d. Education Act, 1914 .. .. .. .. .. 586 14 8 Finance Act, 1919, Section 14 (Police Pensions) .. .. 9 3 4 Finance Act, 1920, Section 43 (Grant to Canterbury College) .. 390 7 6 Land Act, 1908 .. .. .. .. .. . . 6 18 9 Magistrates' Courts Amendment Act, 1920. . Miner's Phthisis Act, 1915 .. .. .. . . 26 10 10 National Provident Fund Act, 1910, and Finance Act, 1916 .. 4,316 0 0 New Zealand University Amendment Act, 1914 .. .. 3,826 3 6 Pensions Act, 1913 — £ s. d. Old-age Pensions .. .. .. . - 144 6 8 Widows' Pensions .. .. .. .. 119 8 4 Military Pensions .. ... .. .. 28 11 8 292 6 8 Rabbit Nuisance Act, 1908 .. .. .. .. Slaughtering and Inspection Act, 1908 .. .. .. 3,400 0 0 Stock Act, 1908 .. .. .. .. .. .. 1,885 0 0 Victoria College Act, 1905.. .. .. .. .. 1,000 0 0 War Pensions Act, 1915 .. .. .. .. .. 468 2 3 Refunds of Revenue'—• Registration and other Fees : Industrial and Arbitration Act, 1908 .. .. .. .. .. 0 1 0 Miscellaneous Revenue .. .. .. .. 10 0 Territorial Revenue .. .. .. .. .. 35 17 6 16,244 6 0 Votes. Legislative Departments .. .. .. .. .. .. .. 751 12 10 Treasury Department .. .. .. .. .. .. .. 943 4 7 Land and Income Tax Department .. .. .. .. .. .. 1,227 8 7 Stamp Duties Department .. .. .. .. .. .. .. 4,457 1] 7 National Provident and Friendly Societies Department .. .. .. .. 873 11 5 Working Railways .. .. .. .. .. .. .. .. 332,985 0 0 Post and Telegraph Working-expenses .. .. .. .. .. .. 104,383 0 0 Public Buildings .. .. .. .. .. .. .. .. 13,818 3 9 Government Domains .. .. .. .. .. .. .. 124 6 2 Maintenance and Improvement of Roads . .. .. .. .. 1,820 15 2 Maintenance of Irrigation-works .. .. .. . . .. .. 135 16 6 Native Department . . . . .. .. .. .. .. .. 303 17 7 Department of External Affairs .. .. .. .. . . .. 20 19 9 Cook Islands .. .. .. .. .. .. .. .. 771 0 0 Department of Industries and Commerce .. .. .. .. .. 1,147 5 9 Department of Justice .. .. .. .. .. .. .. 1,238 16 4 Supreme and Magistrates' Courts .. .. .. .. .. .. 955 5 3 Prisons Department .. .. .. .. .. .. .. .. 4,899 11 3 Police Department .. .. .. .. .. .. .. .. 2,272 8 2 Pensions Department .. .. .. .. .. .. .. 872 Mines Department .. .. .. .. .. ~ .. .. 2,086 15 0 Department of Internal Affairs .. .. .. .. .. .. 3,986 16 3 Audit Department .. .. .. .. .. .. .. .. 380 10 0 Public Service Commissioner's Office .. .. .. .. .. .. 2,008 14 8 Printing and Stationery .. .. .. .. .. .. 7,448 0 4 Mental Hospitals .. .. .. .. ... .. .. .. 7,668 10 8 Department of Health .. .. .. .. .. .. 4, 605 0 4 Naval Defence .. .. .. .. .. .. .. .. 45,852 0 0 Defence Department .. .. .. .. .. .. .. 9, 606 15 0 Customs Department .. .. .. .. .. .. .. 1,272 3 9 Marine Department .. ~ .. .. .. .. .. .. 3,585 910 Department of Labour .. .. .. .. .. .. . . 2,200 1 6 Department of Lands and Survey .. .. .. .. .. .. 1,970 13. 5 Scenery Preservation .. .. .. .. .. .. .. .. 80 6 2 Valuation .. .. .. .. .. •• .. 1,245 14 8 Electoral .. . . .. .. .. ■ • • ■ • • . . 31 15 11 Department of Agriculture ... .. .. .. .. .. 8,230 2 5 Tourist .. .. .. .. • • • • • • ■ • 1,800 13 5 Education Department .. .. .. .. .. .. .. 10,414 3 2 Total, Ordinary Revenue Account ~ ~ ..£604,017 9 3

82

B.—l [Pt. I].

83

PUBLIC ACCOUNTS, 1924-1925.

SUMMARY of CERTIFIED STATEMENTS of LIABILITIES as on 31st March, 1925, as rendered by respective Departments—continued. CONSOLIDATED FUND, DEPOSITS ACCOUNT. £ 8 . d. Primary Education Endowment .. .. .. .. .. .. 206 16 0 Secondary Education Endowment .. .. .. .. .. .. 1435 M.D.L.O. Account, Thames County .. .. .. .. .. .. 18 11 Total, Deposits Account .. .. .. .. .. £222 8 4 PUBLIC WORKS FUND, GENERAL PURPOSES ACCOUNT. Votes. £ 8 . d. Public Works, Departmental .. .. .. .. .. .. .. 1,032 12 4 Railway-construction.. .. .. .. .. .. .. .. 67,290 19 0 Additions to Open Lines .. .. .. .. .. .. .. 388,243 0 0 General .. .. .. .. .. .. .. .. 1,864 3 0 Courthouses .. .. .. .. .. .. .. .. 627 Prison Buildings and Works .. .. .. .. .. .. 1,955 0 5 Police-stations .. .. .. .. .. .. .. .. 1,921 18 8 Postal and Telegraph.. .. .. .. .. .. .. .. 5,889 13 7 Agricultural .. .. .. .. .. .. .. 1,323 6 7 Mental Hospital Buildings .. .. .. .. .. .. .. 5,816 12 9 Hospitals and Charitable Institutions .. .. .. .. .. .. 793 13 4 Timber-supply, Sawmills, &c. .. .. .. .. .. .. .. 556 19 9 Acquisition and Operation of Quarries .. .. .. .. .. 3,227 10 2 Lighthouses .. .. .. .. .. .. .. .. 7470 Development of Tourist and Health Resorts .. .. .. .. .. 1,137 9 1 Roads, &c. .. .. .. .. .. .. .. .. .. 48,109 7 3 Roads on Goldfields .. .. .. .. .. .. .. .. 625 0 0 Telegraph Extension .. .. .. .. .. .. .. .. 539,812 0 0 Lands, Miscellaneous .. .. .. .. .. .. .. 1,818 19 4 Irrigation and Water-supply .. .. .. .. .. .. .. 6,256 15 6 Plant, Material, and Stores .. .. .. .. .. .. 2,947 6 5 Total of Public Works Fund .. .. .. .. £1,080,702 16 9 Consolidated Fund —■ £s. d. State Coal-mines Account .. .. .. .. .. .. 6,302 3 0 Public Works Fund — £s. d. Waihou and Ohinemuri Rivers Improvement Account .. 2,496 0 5 Electric Supply Account .. .. .. .. .. 75,742 19 10 78,239 0 3 Education Loans Account .. .. .. .. .. .. .. 2,773 13 3 Hauraki Plains Settlement Account .. .. .. .. .. .. 2,098 18 1 Kauri-gum Industry Account .. ~......... 65 8 6 Land for Settlements Account ........ .. .. 1,095 13 5 Land for Settlements Account— £s. d. Discharged Soldiers Settlement Account .. .. .. 455 13 1 Opening up Crown Lands for Settlement Account .. .. 20 0 0 475 13 1 Main Highways Account—Revenue Fund .. .. .. .. .. 15,047 7 9 Main Highways Account—Construction Fund .. .. .. .. .. 17,328 7 3 National Endowment Account .. .. .. .. .. .. .. 1,112 17 9 Native Land Settlement Account .. .. .. .. .. .. 1,007 13 11 Railways Improvement Authorization Act 1914 Account .. .. .. .. 45,991 19 0 Rangitaiki Land Drainage Account .. .. .. .. .. .. 2,620 14 2 State Forests Account .. .. .. .. .. .. .. 3,151 16 10 Swamp Land Drainage Account .. .. .. .. .. .. 863 17 10 Westport Harbour Account .. .. .. .. .. .. .. 463 15 2 Government Insurance Account .. .. .. .. .. .. 2,848 16 10 Government Accident Insurance Account .. .. .. .. .. 13125 State Fire Insurance Account .. .. .. .. .. .. .. 502 17 6 Native Trustee's Account .. .. .. .. .. .. .. 19 15 0 Public Service Superannuation Fund Account .. .. .. .. .. 344 13 7 State Advances Account — £s- d. g Advances to Settlers Branch .. .. .. .. 2,206 17 0 Advances to Workers Branch .. .. .. .. 222 8 3 Miscellaneous Business Branch .. .. .. .. 219 3 8 2,648 8 11

12— B. 1 [PT. I].

B.—l [PT. I

PUBLIC ACCOUNTS, 1924-1925. SUMMARY of CERTIFIED STATEMENTS of LIABILITIES as on 31st March, 1925, aa rendered by respective Departments —continued. SUMMARY. Consolidated Fund— £ a. d. £ s. d. Ordinary Revenue Account .. .. .. .. 604,017 9 3 State Coal-mines Account.. .. .. .. .. 6,302 3 0 Deposits Account .. .. .. .. .. 222 8 4 — — 610,542 0 7 Public Works Fund — General Purposes Account .. .. .. .. 1,080,702 16 9 Waihou and Ohinemuri Rivers Improvement Account .. 2,496 0 5 Electric Supply Account .. .. .. .. .. 75,742 19 10 — 1,158,941 17 0 Education Loans Account .. .. .. .. .. .. .. 2,773 13 3 Hauraki Plains Settlement Account .. .. .. .. .. .. 2,098 18 1 Kauri-gum Industry Account .. .. .. .. .. .. .. 65 8 6 Land for Settlements Account .. .. .. .. .. .. 1,095 13 5 Land for Settlements Account — £ s. d. Discharged Soldiers Settlement Account .. .. .. 455 13 1 Opening up Crown Lands for Settlement Account .. .. 20 0 0 475 13 1 Main Highways Account —Revenue Fund .. .. .. .. .. 15,047 7 9 Main Highways Account—Construction Fund .. .. .. .. .. 17,328 7 3 National Endowment Account .. .. .. .. .. .. 1,112 17 9 Native Land Settlement Account .. .. .. .. .. .. 1,007 13 11 Railways Improvement Authorization Act 1914 Account .. .. .. .. 45,991 19 0 Rangitaiki Land Drainage Account .. .. .. .. .. .. 2,620 14 2 State Forests Account .. .. .. .. .. .. .. 3,151 16 10 Swamp Land Drainage Account .. .. .. .. .. .. 863 17 10 Westport Harbour Account .. .. .. .. .. .. .. 463 15 2 Government Insurance Account .. .. .. .. .. .. 2,848 16 10 Government Accident Insurance Account .. .. .. .. . 13 12 5 State Fire Insurance Account .. .. .. .. .. .. .. 502 17 6 Native Trustee's Account .. .. .. .. .. .. .. 19 15 0 Public Service Superannuation Fund Account .. .. .. .. .. 344 13 7 State Advances Account .. .. .. .. .. .. 2,648 8 11 Total, all accounts .. .. ... .. .. £1,869,959 17 10 Note.—This statement ia not audited, the Audit Department not having sufficient information in the office to enable it to do so.

Approrimate Co*t ol Paper.—Preparation, not given; printing (575 copies), £185.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l92s.

Price Is. 9<i. |

84