PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1927-28.

Appendix to the Journals of the House of Representatives, 1928 Session I, B-01-part01

B.—l [Pt. IJ

1928. NEW ZEALAND.

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1927-28.

PRESENTED TO PARLIAMENT IN ACCORDANCE WITH THE PUBLIC REVENUES ACT, 1926, AND THE NEW ZEALAND CONSTITUTION ACT, 1852.

I—B. 1 [Pt. I].

13 —1 [PT. IJ.

00NTE N T S. ABSTRACT OP THE PUBLIC ACCOUNTS Receipts and Expenditure compared with Year 1926-1927, — Consolidated Fund — page Ordinary Revenue Account .. .. .. .. .. .. .. 4 Nauru and Ocean Islands Account .. .. .. .. .. .. 12 Nauru and Ocean Islands Sinking Fund Account .. .. .. .. .. 12 Accounts of Local Bodies .. .. .. .. .. .. .. ~ 12 Deposits Account .. .. .. .. .. .. .. .. .. 14 Public Works Fund:— General Purposes Account .. .. .. .. .. .. .. 16 Waihou and Ohinemuri Rivers Improvement Account .. .. .. .. 20 Electric Supply Account .. .. .. .. .. .. .. .. 22 Electric Supply Sinking Fund Account .. .. .. .. .. .. 22 Other Accounts :— Advances to other Governments Account .. .. .. .. ~ .. 24 Bank of New Zealand Acts Account .. .. .. .. .. .. 24 Bank op New Zealand Shares Account .. .. .. .. .. .. 26 Cheviot Estate Account .. .. .. .. .. .. .. .. 26 Conversion Account .. .. .. .. .. .. .. .. 28 Deteriorated Lands Account .. .. .. .. .. .. .. 28 Discharged Soldiers Settlement Account .. .. .. .. .. .. 28 Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund Account .. 32 Education Loans Account .. .. .. .. .. .. .. .. 32 General Purposes Relief Account .. .. .. .. .. .. 34 Hauraki Plains Settlement Account .. .. .. .. .. .. 34 Howard Estate Account .. .. .. .. .. .. ~ S6 Hunter Soldiers' Assistance Trust Account .. .. .. .. .. 36 Hutt Valley Lands Settlement Account .. .. .. .. .. .. 36 Kauri-gum Industry Account .. .. .. .. .. .. .. 36 Land Assurance Fund Account .. .. .. .. .. .. .. 38 Land for Settlements Account .. .. .. .. .. .. .. 38 Land for Settlements Account (Discharged Soldiers Settlement Account) .. 40 Land for Settlements Account (Opening up Crown Lands for Settlement) .. 42 Loans Redemption Account .. .. .. ~ .. .. .. 42 Main Highways Account Revenue Fund .. .. .. .. ..48 Main Highways Account Construction Fund .. .. .. .. 50 Mining Advances Account .. .. .. .. .. .. .. .. 50 National Endowment Account .. .. .. .. .. .. .. 52 National Endowment Trust Account .. .. .. .. 52 Native Land Settlement Account .. .. .. .. .. 52 Public Debt Repayment Account .. .. .. .. .. .. 56 Railways Improvement Authorization Act 1914 Account .. .. 56 Rangitaiki Land Drainage Account .. .. ~ .. 58 Remittances from London Account.. .. .. .. .. .. 60 Remittances to London Account .. .. .. .. .. .. .. 60 Reserve Fund Account .. .. .. .. .. .. .. .. 60 Samoan Loan Suspense Account .. .. .. .. .. .. .. 60 State Advances Loan Account .. .. .. .. .. .. .. 60 State Coal-mines Account .. .. .. .. .. .. .. .. 62 State Coal-mines Sinking Fund Account .. .. .. .. .. ~ 62 State Forests Account .. .. .. .. .. .. .. .. 64 Swamp Land Drainage Account .. .. .. .. . . .. ~ 66 Westport Harbour Account .. .. .. .. .. .. 68 Working Railways Account .. .. .. .. .. 68 Public Account Cash Balance Investment Account .. .. .. .. 70 Summary of Balances .. .. .. .. .. .. .. ~ 72 Explanatory Statement of Investments .. .. .. .. .. .. 73 Summary showing Net Expenditure compared with Year 1926-27 .. .. .. 74 ISSUES COMPARED WITH THE SUMS VOTED UNDER APPROPRIATION ACT, 1927 .. 76 CIVIL LIST ACT, 1920 .. .. .. .. .. .. .. .. .. .. 8 2 UNAUTHORIZED EXPENDITURE ACCOUNT:— Consolidated Fund— Ordinary Revenue Account .. .. .. .. .. .. .. 11 86 Public Works Fund— General Purposes Account .. .. .. .. .. .. .. __ 89 Electric Supply Account .. .. .. .. .. .; ~ _' 89 State Coal-mines Account .. .. .. .. .. .. ~ .. _ _ 89 State Forests Account .. .. .. .. .. .. .. ~ _ _ 89 Public Service Superannuation Fund Account .. .. .. .. _ _ 89 State Advances Account .. .. .. .. .. .. .. .. 89 Summary .. .. .. .. .. .. .. .. .. .. ~ go NUMMARY OF CERTIFIED STATEMENTS OF LIABILITIES ~ ~ ~ 92

ABSTRACT OF THE Revenue and Expenditure OF THE PUBJ, I C ACC O U IST T OF N K W ZEALA N" I) FOli THE YEAR ENDED 31st MARCH, 19 28, COMPARED WITH THE YEAR ENDED 31ST MARCH. 1927.

Note.—ln these accounts the credits-in-aid (section 51, Public Revenues Act, 1928) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924 25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

2—B. 1 n?T. I

B. —1 [PT. I]

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927.

4

. 1926-1927. RECEIPTS. 1927-1928. . . £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 2,343,167 17 10 Cash in the Public Account .. .. .. .. .. .. 1,807,285 6 2 Imprests outstanding— 65,723 3 9 In the Dominion .. .. .. .. .. .. .. 52,421 8 5 160,626 13 7 InLondon .. .. .. .. .. ... .. 128,169 12 2 1,858,574 5 3 Investment Account .. .. .. .. .. .. .. 1,693,589 11 1 3,681,465 17 10 4,428,092 0 5 Ordinary Revenue, — £ s. d. 8,252,574 15 0 Customs .. .. .. .. .. 7,942,588 18 10 Motor-vehicles—Duties, Licenses, &c. .. .. 369,117 11 9 3,379,016 0 7 Stamp and Death Duties .. .. .. 3,504,366 18 11 3,226,558 2 3 Postal and Telegraph .. .. .. .. 3,323,259 10 10 1,229,067 7 6 Land-tax .. .. .. .. .. 1,154,479 3 11 3,422,215 15 5 Income-tax .. .. .. .. .. 3,273,729 3 2 621,812 14 5 Beer Duty .. .. .. .. .. 609,623 19 1 199,143 19 8 Registration and other Fees .. .. .. 200,259 5 10 110,834 3 2 Marine.. .. .. .. .. .. 112,502 0 2 601,220 0 5 Interest on Public Moneys .. .. .. 698,056 16 8 2,043,433 0 4 Interest on Railway Capital Liability .. .. 2,130,866 17 10 863,941 15 5 Interest on the Public Debt Redemption Fund .. 878,408 7 7 13,938 12 7 Local Bodies'Loans Act, 1908, Section 76 .. .. 10,158 8 10 26,816 2 8 Rents of Buildings .. .. .. .. 32,178 5 7 63,101 14 11 Tourist and Health Resorts .. .. .. 66,963 15 4 58,121 6 7 Miscellaneous .. .. .. .. .. 41,938 15 2 24,348,497 19 6 U,1U,795 10 11 202,186 8 10 Territorial Revenue .. .. .. .. .. .. .. 200,914 9 7 Z4,313,981 19 9 24,549,412 9 1 Departmental Receipts,— £ s. d. 270,479 4 11 Printing and Stationery Department .. .. .. 245,395 11 1 190,601 5 6 Justice Department .. .. .. .. .. 213,770 2 2 106,970 19 1 Stamp Duties Department .. .. .. .. 93,473 17 9 8,148 16 7 Native Department .. .. .. .. .. 8,160 18 2 Land and Inoome Tax Department .. .. .. 2 15 0 560,803 4 2 576,200 6 1 £ s. d. 52,924 4 2 Recoveries on account of Expenditure of previous Years .. 13,676 15 1 Recoveries on account of Unauthorised Expenditure of previous Years .. .. .. .. .. .. .. 87 8 8 13,764 3 9 25,123,979 17 0 29,371,198 10 5 Carried forward .. .. .. .. .. .. 28,805,445 14 10 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. IJ.

PUBLIC ACCOUNTS, 1 9 27-1 9 28.

ORDINARY REVENUE ACCOUNT.

5

1926-1927. 1927-1928. Gross. EXPENDITURE. Gross . £ s. d. Permanent Appropriations,— £ s. d. £ s. d. [ 31,054 8 0 Civil List .. .. .. .. .. .. .. .. 30,288 12 7 Debt Services— £ s. d. 110,594,654 10 6 Interest .. .. .. .. .. .. 10,953,503 13 5 Amortization of Debt— 7,000 0 0 Sinking Fund .. .. .. .. .. 7,000 0 0 941,529 4 4 Repayment of the Public Debt Act, 1925, Section 11 .. 993,764 9 0 350,074 8 0 Repayment of Funded Debt .. .. .. .. 367,705 8 4 I 12,321,973 10 9 J11,893,258 : I Under special Acts of the Legislature— Subsidies paid to Local Bodies— 183,580 16 5 Appropriation Act, 1916, Section 9 .. .. .. 185,940 4 7 28,437 17 8 Municipal Corporations Act, 1920, Section 72 .. .. 29,738 10 10 Subsidies paid to Hospital Boards and Charitable Institutions — Hospitals and Charitable Institutions Acts, 1909, 1910, and 392,740 9 1 1913 217,757 13 6 Hospitals and Charitable Institutions Act, 1926 .. .. 683,148 19 0 4,933 0 5 Subsidy paid to Jubilee Institute for the I51ind .. .. 1,74) 12 7 40,637 4 3 Education Act, 1914 —Subsidies.. .. .. .. 38,457 9 8 Appropriation Act, 1925, Section 15 — 36,655 6 9 Cost of Maintenance of Overseas War-graves and Memorials 23,062 10 0 Land Act, 1924, Sections 139 and 358— " Halves," " Thirds," and " Fourths " paid over to Local 12,232 6 6 Bodies' Deposit Accounts .. .. .. .. 7,906 6 8 New Zealand Loans Act, 1908, Section 26 — 29,468 9 5 k Management charges of Consolidated Stock .. .. 31,387 19 5 Finance Act, 1925, Section 8— 31,174 0 5 Refund to Racing Clubs of Proportion of Totalizator Duty 25,209 5 2 Endowments— 4,153 11 3 New Plymouth Harbour Board Endowment Act, 1874 .. 2,976 8 10 Government Railways Act, 1926, Section 37 (lb) — 429,068 2 7 Losses on Isolated Sections and Branch Lines .. .. 484,658 14 6 Appropriation Act, 1926, Section 13— 5,637 10 0 Exchange on remittances to and from London .. .. 23,125 0 0 82,618 12 6 Appropriation Act, 1926, Section 14 (Fruit Export Guarantee) Cr. 23 7 1 Samoa Act, 1921, Section 364 (4) (Cost of Purchase of 15,000 0 0 Samoan Treasury Notes) Native Trustee Act, 1920, Section 17—■ 10,000 0 0 Advance to Native Trustee's Account .. Family Allowances Act, 1926 .. .. .. .. 37,514 14 3 Pensions Act, 1913 — 611,386 3 1 Old-age Pensions 200,548 2 11 Widows'Pensions 13,321 13 5 Military Pensions 27,746 6 7 Miner's Phthisis Act, 1915 Pensions Amendment Act, 1924— 6,851 1 3 Pensions for the Blind Pensions Act, 1926 — 329,962 5 9 Old-age Pensions .. .. .. .. .. 968,927 18 5 100,532 1 1 Widows'Pensions .. .. .. .. .. 302,765 15 5 3,452 8 5 Pensions for the Blind .. .. .. .. 12,249 6 2 14,201 0 10 Miners'Pensions .. .. .. .. .. 45,083 0 0 6,124 0 9 Military Pensions .. .. .. .. .. 16,377 9 7 1,122,740 12 6 War Pensions Act, 1915 .. .. .. .. 1,146,954 17 2 Superannuation Payments — Finance Act, 1925, Section 27 — Increased Benefits for Widows and Children of Deceased 19,938 1 6 Contributors .. .. .. .. .. 11,767 11 9 Public Service Classification and Superannuation Act, 1908, 86,000 0 0 Section 49 and Amendments (Public Service) .. Public Service Classification and Superannuation Amend43,000 0 0 ment Act, 1908, Section 39 and Amendments (Teachers) Public Service Superannuation Act, 1927 — Section 50 .. . i .. .. • • 86,000 0 0 Section 62 .. .. .. .. . • 161 17 4 Section 112 .. .. .. .. .. 43,000 0 0 Section 114 .. .. .. .. .. 5,506 0 0 i Finance Act, 1927 (No. 2), Section 5— Contribution towards Singapore Naval Base .. .. 125,000 0 0 Discharged Soldiers Settlement Loans Act, 1920, Section 7 (transfer to Discharged Soldiers Settlement Loans Act, 50,000 0 0 , 1920, Depreciation Fund Account) .. .. .. 50,000 0 0 Finance Act, 1921-22, Section 13 (transfer to Advances to 30,000 0 0 I other Governments Account) .. finance Act, 1927 (No. 2), Section 24 (1) — Tire-tax, Fees, and Fines transferred to the Main Highways Account, Revenue Fund .. .. .. 225,602 1 0 Motor-spirits Taxation Act, 1927, Section 7— Expenses of collecting tax on motor-spirits .. .. 1,710 4 8 Motor-spirits Taxation Act, 1927, Section 9 (1) — Tax on motor-spirits allocated to Main Highways Account, Revenue Fund .. .. .. .. •• 130,460 17 7 373,792 7 4 Miscellaneous special Acts .. .. •• •• 410,312 3 6 1 5,156,723 11 0 *>*63,691 6 2 17,508,985 14 4 10,488,003 17 0 Carried forward .. .. •• •• •• •• 17,508,985 14 4 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, L 927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

6

1926-1927. RECEIPTS. 1927-28. £ s. d. £ s. d. £ s. d. 29,371,198 10 5 Brought forward .. .. .. .. .. .. 28,805,445 14 10 Credits in reduction, — Permanent Appropriations-— Debt Services — £ s. d. 2,143,860 14 7 Interest .. .. .. .. .. ..2,556,429 9 2 3,000 0 0 Sinking Fund .. .. .. .. .. 7,452 6 8 465 16 8 Repayment of Funded Debt .. .. .. .. 489 5 10 ; 2,564,371 1 8 2,147,326 11 3 Under special Acts of the Legislature— 25 0 0 I Education Act, 1914—Subsidies .. .. .. 11 18 0 New Zealand Loans Act, 1908, Section 26— 2,652 4 5 Management Charges of Consolidated Stock .. .. 13,116 13 4 Native Trustee Act, 1920, Section 17 — 10,000 0 0 Advance to Native Trustee's Account repaid .. 2,047 1 7 Miner's Phthisis Act, 1915 435 2 1 Pensions Act, 1926 (Miners'Pensions) .. .. .. 2,614 9 4 Public Service Classification and Superannuation Act, 1908, 35,496 14 5 Section 49, and Amendments (Public Service).. .. 153 3 3 Public Service Superannuation Act, 1927, Section 50 .. 38,912 0 3 Finance Act, 1925 (Section 27) — Increased Benefits for Widows and Children of Deceased 6,081 11 7 Contributors .. .. .. .. .. 4,445 14 9 Samoa Act, 1921, Section 364 (4), (Cost of purchase of 15,000 0 0 ; Samoan Treasury Notes recovered from Samoan Treasury) 3,994 16 0 \ Miscellaneous special Acts .. .. .. .. 5,982 4 1 1 65,236 3 0 75,732 10 1 j — 2,629,607 4 8 Credits-in-Aid, — 7,343 16 11 Vote—Legislative Departments .. .. .. .. .. .. 5,856 18 8 „ Prime Minister's Department .. .. .. .. .. 313 4,368 0 10 „ Treasury Department .. .. .. .. .. .. 3,757 12 4 2,276 12 10 ,, Land and Income Tax Department .. .. .. .. .. 1,500 0 3 12,138 6 4 „ Stamp Duties Department .. .. .. .. .. .. 17,124 8 1 12 12 10 „ National Provident and Friendly Societies Department .. .. 311 16 5 673,472 3 7 „ Post and Telegraph Working-expenses .. .. .. .. 677,780 18 6 87,814 5 4 ,, Public Buildings .. .. .. .. .. .. .. 84,228 8 1 25 0 0 ,, Government and other Domains .. .. .. .. .. 36 3 1 2,957 4 2 „ Maintenance and repairs to Roads .. .. .. .. .. 2,037 13 4 0 12 9 ,, Maintenance of Irrigation-works, &c. .. .. .. .. 354 8 1 10,581 11 1 ,, Native Department .. .. .. .. .. .. 10,040 13 0 406 4 9 „ Department of External Affairs .. .. .. .. .. 454 12 1 12,267 0 10 „ Cook Islands .. .. .. .. .. .. .. 13,886 4 6 3.918 2 5 ,, Department of Industries and Commerce .. .. .. .. 2,625 15 4 13,836 15 6 „ Department of Justice .. .. .. .. .. .. 13,272 15 3 70,915 15 ,, Prisons Department .. .. .. .. .. .. 66,979 7 9 836 10 11 „ Crown Law Office • .. .. .. .. .. .. 1,303 19 9 7,284 15 10 | „ Police Department .. .. .. .. .. .. 6,869 12 7 2,743 5 1 ,, Pensions Department .. .. .. .. .. .. 3,236 12 4 1.919 19 8 „ Mines Department .. .. .. .. .. .. 1,473 13 9 67,623 3 10 „ Department of Internal Affairs .. .. .. .. .. 69,846 14 3 22,770 4 3 ,, Audit Department .. .. .. .. .. .. 25,010 19 9 3,289 1 4 „ Public Service Commissioner's Office .. .. .. .. 218 14 2 130,194 18 4 ,, Mental Hospitals Department .. .. .. .. .. 134,805 2 0 104,226 1 5 „ Department of Health .. .. .. .. .. 104,986 14 8 32,873 0 7 „ Naval Defence .. .. .. .. .. .. .. 33,507 14 7 31,812 5 5 ,, Defence Department .. .. .. .. .. .. 25,744 17 11 2,383 9 7 „ Customs Department .. .. .. .. .. .. 4,360 19 2 7,850 2 7 ,, Marine Department .. .. .. .. .. .. 4,975 12 8 1,457 5 7 „ Department of Labour .. .. .. .. .. ..I 2,050 8 0 120,507 7 4 \ „ Department of Lands and Survey .. .. .. .. .. j 120,179 2 1 102 13 9 I ,, Scenery Preservation .. .. .. .. .. .. 22 5 2 10,482 6 11 ! „ Valuation Department .. .. .. .. .. .. 11,745 14 0 230 11 11 ,, Electoral Department .. .. .. .. .. .. 79 10 6 92,295 12 0 ,, Department of Agriculture .. .. .. .. .. .. 96,787 6 3 1,979 15 0 „ Department of Tourist and Health Resorts .. .. .. .. 633 10 6 245,193 3 1 ,, Education Department .. .. .. .. .. .. 254,916 11 9 1 4 1 „ Department of Scientific and Industrial Research .. .. .. 4,019 4 7 1,790,390 10 1 31,594,257 11 9 Carried forward .. .. .. .. .. 1,807,025 16 5 31,435,052 19 6 Note.— [n these accounts thecredits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1 9 27-1928.

ORDINARY REVENUE ACCOUNT —continued.

7

1926-1927. 1927-1928. Gross. EXPENDITURE. £ 8. d. £ S. d. £ s. d. 16,488,003 17 0 Brought forward .. .. .. .. .. 17,508,985 14 4 Annual Appropriations,— 96,535 11 8 Vote —Legislative Departments .. .. .. .. .. .. 103,493 16 1 2,467 7 7' „ Prime Minister's Department .. .. .. .. .. 12,603 2 5 38,954 2 11 „ Treasury Department .. .. .. .. .. .. 41,622 17 6 57,738 0 7 ,, Land and Income Tax Department .. .. .. .. .. 60,383 1 3 113,404 1 7 „ Stamp Duties Department .. .. .. .. .. .. 119,415 1 7 23,802 4 1 ,, National Provident and Friendly Societies Department .. .. 25,103 16 0 3,016,909 17 10 „ Post and Telegraph Working Expenses .. .. .. .. 2,974,838 8 6 201,057 17 8 „ Public Buildings .. .. .. .. .. .. .. 168,938 16 0 6,884 2 6 „ Government and other Domains .. .. .. .. .. 6,043 14 8 103,167 17 8 ,, Maintenance and Repairs to Roads .. .. .. .. .. 113,738 19 0 8,088 3 1 \ ,, Maintenance of Irrigation-works, &c. .. .. .. .. 17,617 19 1 38,985 18 6 ,, Native Department .. .. .. .. .. .. 39,324 4 8 31,387 18 0 i „ . Department of Externa] Affairs .. .. .. .. .. 35,920 13 7 I 50,323 4 2 „ Cook Islands .. .. .. .. .. .. .. 63,839 11 3 52,698 6 8 „ Department of Industries and Commerce .. .. .. .. 35,944 2 6 149,318 9 2 „ Department of Justice .. .. .. .. .. .. 145,917 9 7 148,766 8 8 „ Prisons Department .. .. .. .. .. .. 161,199 2 1 6,529 5 1 „ Crown Law Office .. .. .. .. .. .. 6,685 2 3 417,790 9 6 „ Police Department .. .. .. .. .. .. 424,844 17 5 175,946 18 6 ,, Pensions Department .. .. .. .. .. .. 172,514 15 8 46,703 16 3 ,, Mines Department .. .. .. .. .. .. 34,771 0 11 470,477 13 3 „ Department of Internal Affairs .. .. .. .. .. 419,563 5 9 48,576 10 0 ,, Audit Department .. .. .. .. .. .. 51,928 2 8 10,314 3 9 „ Public Service Commissioner's Office.. .. .. .. .. 6,581 1 0 233,204 11 7 ,, Printing and Stationery Department.. .. .. .. .. 226,296 14 1 405,320 1 4 „ Mental Hospitals Department .. .. .. .. .. 409,622 11 11 355,226 14 2 „ Department of Health .. .. .. .. .. .. 351,630 5 3 559,896 9 10 „ Naval Defence .. .. .. .. .. .. .. 520,337 15 9 525,084 18 8 „ Defence Department .. .. .. .. .. .. 507,503 16 11 172,878 6 1 „ Customs Department .. .. .. .. .. .. 179,384 3 0 133,667 4 1 „ Marine Department .. .. .. .. .. .. 124,053 16 11 57,183 0 8 ,, Department of Labour .. .. .. .. .. .. 58,530 18 9 289,870 8 8 ,, Department of Lands and Survey .. .. .. .. .. 306,701 2 4 3,891 8 3 „ Scenery Preservation .. .. .. .. .. .. 6,599 10 10 j 58,489 2 8 „ Valuation Department .. .. .. .. .. .. 63,356 2 11 10,530 1 3 „ Electoral Department .. .. .. .. .. .. 9,806 12 7 414,365 10 8 „ Department of Agriculture .. .. .. .. .. .. 462,397 0 1 j 78,357 11 0 ,, Department of Tourist and Health Resorts .. .. .. .. 77,504 4 9 3,224,790 11 0 „ Education Department .. .. .. .. .. .. 3,254,531 14 4 3,048 5 3 „ Department of Scientific and Industrial Research .. .. .. 48,842 6 2 11,842,722 13 10 11,849,931 18 0 Unauthorized Expenditure,— 31,509 19 11 Services not provided for.. .. .. .. .. .. .. 27,290 7 0 Public Revenues Act, 1926, Section 59, — 11,135 16 9 Emergency Expenditure Account .. .. .. .. .. .. 6,677 15 7 " 111,883,900 0 7 11,885,368 10 6 Appropriation Act, 1926, Section 17, — Transfer to the Bank of New Zealand Shares Account in terms of above Act, being J 58,593 15 0 instalments payable for purchase of C Long-term Mortgage Shares .. .. 117,187 10 0 Finance Act, 1926, Section 8, — Transfer to Bank of New Zealand Shares Account, representing amount of £750,000 750,000 0 0 Preference B Shares held at 1st April, 1926 (at cost) .. .. .. j 29,181,966 2 6 Carried forward .. .. .. .. .. (29,510,073 4 11 I I 1 Note.—In these accounts the credits-in-aid (section 51. Public Revenues Act, 1926) and other credits in reduction of expenditure are shown is receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [Pt. I]

PUBLIC ACCOUNTS, 1 9 27-1 9 28.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

8

1926-1927. RECEIPTS. 1927-1928. £ s. d. £ s. d. £ s. <J. 31,594,237 11 9 Brought forward .. .. .. .. .. 1,807,025 16 5 31,435,052 19 6 1,790,390 10 1 Credits in reduction, —• Unauthorized Expenditure— 3,596 1 10 Services not provided for .. .. .. .. .. .. 11,347 11 8 Public Revenues Act, 1926, Section 59, — Credits in reduction— 361 6 6 Emergency Expenditure Account .. .. .. .. .. 0 12 1 1,818,374 0 2 1,794,347 18 5 ' " ' ' "* I isf ' 39,307 3 0 Reparation-moneys received from Germany .. . - I Finance Act, 1926, Section 25, — 50,400 0 0 Amount recovered from Cheviot Estate Account in respect of £50,400 .'U-per-cent. New Zealand Consolidated Stock, 1940, redeemed and cancelled during financial year, 1925-26.. Public Revenues Act, 1926, Section 40, — Temporary transfers to other Accounts repaid .. .. .. .. .. 26,000 0 0 ::-3 • Public Revenues Act, 1.926, Section 41, — Treasury Bills issued .. .. .. .. .. .. .. .. 250,000 0 0 33,478,312 13 2 Carried forward .. .. .. .. .. .. 33,529,426 19 8 i ■ • Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1 928

ORDINARY REVENUE ACCOUNT —continued.

9

1926-1927. 1927-1928 Gross. EXPENDITURE £ s > d. £ s. d. £ s. d. j.29,181,966 2 6 Brought forward .. .. .. .. .. .. 29,510,073 4 11 Amortization of Debt, — 166,885 0 0 Debentures redeemed at Maturity— ;— New Zealand Loans Act, 1908, and Finance Act, 1927, Section 6— Aid to Public Works and Land Settlement Act, 1921 (due 1st February, 1927) 250 0 0 Discharged Soldiers Settlement Loans Act, 1920— Due 21st April, 1927 .. .. .. .. .. .. 4,800 0 0 Due 17th May, 1927 .. .. .. .. .. .. 1,900 0 0 Due 19th June, 1927 .. .. .. .. .. .. 2,300 0 0 Due 14th July, 1927 .. .. .. .. .. .. 2,000 0 0 Due 18th July, 1927 .. .. .. .. .. .. 8,300 0 0 Due 24th August, 1927 .. .. .. .. .. .. 3,400 0 0 Education Purposes Loan Act, 1919— Due 1st February, 1927 .. .. .. .. .. .. 900 0 0 Due 1st August, 1927 .. .. .. .. .. 8,450 0 0 Finance Act, 1915, Section 105 (Public Works), (due 15th December, 1925).. 25 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st August, 1926) .. 400 0 0 Land for Settlements Act, 1908 (due 1st April, 1927) .. .. .. 1 500 0 0 Land Laws Amendment Act, 1913 (due 29th March, 1927) .. .. 3,000 0 0 Maori Land Settlement Act, 1905 (due 1st January, 1918) .. .. 1,000 0 0 New Zealand Loan Act, 1863 (due 15th July, 1914) .. .. .. i 1,500 0 0 Rangitaiki Land Drainage Act, 1913, and Finance Act, 1921-22, Section 23 (due 1st August, 1927) .. .. .. .. .. .. 2,500 0 0 j j 41,225 0 0 96,690 0 0 Inscribed Stock redeemed at Maturity— —- New Zealand Loans Act, 1908, and Finance Act. 1927, Section 6— New Zealand Inscribed Stock Act, 1917 — Aid to Public Works and Land Settlement Act, 1921 — Due 1st February, 1927 .. .. .. .. .. 1,350 0 0 Education Purposes Loan Act, 1919 (due 1st August, 1927) .. .. 2,200 0 0 Finance Act, 1920, Section 15 (Public Works), (due 1st August, 1927) .. 50,000 0 0 — 53,550 0 0 4,930 0 0 Death Duty Stock redeemed 320,362 12 10 Debentures redeemed and cancelled before maturity in terms of Section 24 of { the Finance Act, 1921-22 — Finance Act, 1927, Section 6 — Finance Act, 1918, No 2, Section 30 (Cold Storage), (due 1st March, 1929) .. 550 0 0 Government Railways Act, 1908, and Finance Act, 1915, Section 106 (due 130th June, 1941), (nominal value, £500) .. .. .. .. 479 7 6 Housing Act, 1919, Section 30 (due 1st July, 1930) .. .. .. 100 0 0 Local Bodies' Loans Act, 1908, and Government Loans to Local Bodies' Act, 1886 (due 1st September, 1930) .. .. .. .. .. 75 0 0 1,204 7 6 , . 29,770,833 15 4 j Carried forward .. .. .. .. .. .. j 29,606,052 12 5 ! Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

10

1926-1927. RECEIPTS. 1927-1928. I j £ s. d. £ s. d. £ s. d. 33,418,312 13 2 Brought forward .. .. .. .. .. .. 33,529,426 19 8 j ' . I 9 i 33,478,312 13 2 Totals .. .. .. .. .. .. .. £33,529,426 19 8 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown a3 receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [Pt. 11.

PUBLIC ACCOUNTS, 1927-1928.

ORDINARY REVENUE ACCOUNT—continued.

3—B. 1 [PT. I].

11

1926-1927. 1Q27 1928 r , rn , K EXPENDITURE I 1^7-1^8. u oss * ! Gross. I I I J 29,770,833 15 4 Brought forward .. .. .. .. 12 5 . I Public Revenues Act, 1926, Section 41, — I Treasury Bills redeemed .. .. .. .. .. .. _ I 250 000 0 0 ! I | Finance Act, 1927, Section 3 (1), — | Advance to State Forests Account .. .. .. .. | , . 45 qqq q q | Transfer to Public Works Fund (General Purposes Account) in terms of Section 12 j ! of the Appropriation Act, 1927 .. .. .. .. .. .. 250 000 0 0 ! . I I * Iinpiest Supply Act, 1927, Section 4, — Subsidies to Local Authorities in respect of Amounts expended in Relief of Unemployment .. .. .. .. .. .. .. 75,105 19 1 ' I ' ' ' l ' ' ' ; Charges and Expenses of raising Loans, — I New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1907 (renewals) . . 76 2 6 13 0 0 , Finance Act, 1916, Section 35 (War Expenses) Finance Act, 1918, Section 10 (War Expenses), (renewals) .. 13 17 6 War Purposes Loan Act, 1917 (renewals) .. .. . . 307 15 9 War Purposes Loan Act, 1917 (redemptions) .. .. . 639 2 0 | J j 1,036 17 9 Public Revenues Act, 1926, Section 40, — 26,000 0 0 Temporary transfers to other Accounts ' Balance at end of Year, — 1,807,285 6 2 Cash in the Public Account .. .. .. .. .. .. 1,729,392 2 6 Imprests outstanding— 52,421 8 5 In the Dominion .. .. .. .. .. .. .. I 94,499 6 6 128,169 12 2 In London .. .. .. .. .. .. .. 160,539 2 1 1,693,589 11 1 Investment Account— £ g. d. Securities held .. .. .. .. .. 1,207,800 19 4 Transfers under Section 40, Public Revenues Act, 1926 .. 110,000 0 0 ! 1,317,800 19 4 3,681,165 17 10 3,302,231 10 5 !< i £33,478,312 13 2 Totals . . . . .. .. .. .. £33,529,426 19 8 j * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l TPT. 11.

PUBLIC ACCOUNTS, 1927-1928.

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

12

NAURU AND OCEAN 1926-27. RECEIPTS. 1927-28. £ s. d. Balance at beginning of Year, — : £ s. d. £ s. d. 3,125 11 6 Cash in the Public Account .. . .. .. .. .. 50 7 10 Investment Account .. .. .. .. .. .. .. 3,200 0 0 — — 3,250 7 10 3,125 11 6 Contributions by the British Phosphate Commission towards Interest and Sinking 35,848 11 2 Fund .. .. .. .. .. .. .. .. .. .. 35,848 11 2 G32 6 4 Interest on Investments .. .. . . .. .. .. .. .. g99 711 £39,606 9 0J Totals .. .. .. .. .. .. .. £39,798 6 11 NAURU AND OCEAN ISLANDS £ s. d. Balance at beginning of Year, — [ s. d. £ s. d. 18 15 3 Cash in the Public Account .. .. .. ., .. .. .. 163 11 0 420 18 10 ! Interest on Investments .. .. .. .. .. .. .. .. 219 11 0 Transfer from Nauru and Ocean Islands Account, — Amount received from British Phosphates Commission in excess of Amount required 8,023 16 11 to recoup Consolidated Fund for Interest on Loan.. .. .. .. .. 9,153 19 0 £8,463 11 0 Totals .. .. .. .. .. .. .. £9,537 1 0 ACCOUNTS OF I I £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. ! 10,463 17 3 Cash in the Public Account .. .. .. .. .. .. .. 9,573 2 1 j Revenue received for Local Bodies, — 121 10 0 Fees, Fines, &c. .. .. .. . . .. .. .. 120 0 0 87 10 3 Endowments of Land, &c. .. .. .. .. .. .. 1,818 7 1 15,304 5 9 Goldfields Revenue .. .. .. .. .. .. .. 21,789 12 11 7,488 0 3 Gold Duty .. .. .. .. .. .. .. .. 8,345 9 11 32,073 9 11 23,061 6 3 ' Public Revenues Act, 1926, Section 146, — 321 19 8 Advance Accounts —Amounts repaid by Local Bodies .. .. .. .. 206 8 9 £33,847 3 2 Totals .. .. .. .. .. .. .. £41,853 0 9 : - I Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shovn as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 19 2 7-19 28.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

13

ISLANDS ACCOUNT. 1926-1927. | 1927-1928. r™„c EXPENDITURE Gross. Gross. f j £ s. d. Annual Appropriation,— £ s. d. £ s. d. 507 10 0 1 Vote —Nauru and Ocean Islands .. .. .. .. .. .. .. j 505 o 0 Public Revenues Act, 1926, Section 139, — 27,824 14 3 Interest recouped to the Consolidated Fund .. .. .. .. .. 26 694 12 2 ! j Amortization of Debt, — 8,023 16 11 Transfer to Nauru and Ocean Islands Sinking Fund Account .. .. .. | 9,153 19 0 —I | Balance at end of Year, — 50 7 10 i Cash in the Public Account .. .. .. .. .. .. 244 15 9 Investment Account — 3,200 0 0 ' Securities held .. .. .. .. .. .. .. 3,200 0 0 i i i 1 3,444 15 9* 3,250 7 10 ' 9 0 Totals .. .. .. .. .. .. .. : £39,798 6 11 * For explanatory statement see page 73. SINKING FUND ACCOUNT. j ♦ "| £ s. d. Debentures redeemed and cancelled in terms of Section 24 of the Finance Act, £ s. d. £ s. d 1921-22,— 8,300 0 0 Finance Act, 1920, Section 15 (Nauru and Ocean Islands) .. .. .. .. 9,430 0 0 Balance at end of Year, — 163 11 0 Cash in the Public Account .. .. .. .. .. .. 710 Investment Account— Securities held .. .. .. .. .. .. .. 100 0 0 | — 107 1 0* 163 11 0 £8,463 11 0 Totals .. .. .. .. .. .. .. £9,537 1 0 j * For explanatory statement see page 73. LOCAL BODIES. £ s. d. Revenue paid over to Local Bodies and other disbursements, — £ s. d. £ s. d. 113 10 0 Fees, Fines, &c. .. .. .. .. .. .. .. 97 10 0 17 2 11 Endowments of Land, &c. .. .. .. .. .. .. 983 10 9 16,258 4 5 Goldfields Revenue .. .. .. .. .. .. .. 23,727 16 7 7,516 7 11 Gold Duty .. .. .. .. .. .. .. .. 8,380 1 9 46 16 2 Separate Account 33,188 19 1 23,952 1 5 Public Revenues Act, 1926, Section 146, — 321 19 8 Advance Accounts—Payments on behalf of Local Bodies .. .. .. .. 206 8 9 Balance at end of Year, — 9,573 2 1 Cash in the Public Account .. .. .. .. .. .. .. 8,457 12 11 £33,847 3 2 Totals .. .. .. .. .. .. .. £41,853 0 9 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

14

1923-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. ! 1,487 17 9 Cash in the Public Account .. .. .. .. .. .. 32,125 3 0 Imprests outstanding— 6,682 4 11 In London .. .. .. .. .. .. .. .. 8,241 7 0 Investment Accounts— £ s. d. 118,330 0 0 Deposits Account (General) .. .. .. .. 97,030 0 0 56,790 0 0 German Currency .. .. .. .. .. 41,790 0 0 j 28,000 0 0 Miscellaneous (Belgian Relief Fund) .. .. .. 28,000 0 0 i 1,900 0 0 New Zealand University Endowment, Westland .. .. 1,900 0 0 131,000 0 0 Receiver-General's Deposit Account .. .. .. 136,000 0 0 4,700 0 0 Rotorua College and Grammar School Account .. .. 4,700 0 0 4,730 0 0 Samoan Loan Sinking Fund Account .. .. .. 4,780 0 0 314,200 0 0 353,620 2 8 ! 354,566 10 0 j Lodgments,— 540 0 0 British Empire Scholarships 10,407 3 5 Canteen and Regimental Trust Board .. .. .. .. .. 7,691 8 5 57,871 11 6 Dairy-produce Export Control Act, 1923 .. .. .. .. .. 44,960 13 3 3,094 10 0 Deposits on Contracts .. .. .. .. .. .. .. 43,025 6 9 Education Reserves Amendment Act, 1914 — 1,616 7 10 Sales of Land under Section 3 (Primary-education Endowments) .. .. 7,101 16 11 Sales of Land under Section 3 (Secondary-education Endowments) — 14 14 0 Taranaki Provincial District Education Reserves Amendment Act, 1924— 116,100 4 3 Primary-education Endowment Deposit Account .. .. .. 122,158 1 7 Secondary-education Endowment Deposit Accounts — £ s. d. 2,396 12 4 Auckland Provincial District.. .. .. .. 2,790 12 8 1,088 10 7 Taranaki Provincial District.. .. .. .. 1,304 2 4 2,756 13 7 Wellington Provincial District .. .. .. 2,915 7 10 2,138 15 11 Hawke's Bay Provincial District .. .. .. 2,115 1 8 446 0 2 Nelson Provincial District .. .. .. .. 414 12 8 93 11 3 Marlborough Provincial District .. . . .. 94 1 10 1,430 3 1 Otago Provincial District .. .. .. .. 1,441 9 1 11,075 8 1 33,084 4 9 Emigrants .. .. .. .. .. .. .. .. 7,020 11 8 0 14 Fisheries Act, 1908 .. .. .. .. . .. .. 0110 75 0 0 General Assembly Library . . .. . . .. .. . . 50 0 0 2,235 10 3 German Currency .. .. .. .. .. .. .. 1,811 12 0 1,251 14 7 Gold Duty Suspense .. .. .. .. .. .. .. 2,278 1 6 176 13 2 Grey mouth and Hokitika High School Acts, 1883 .. .. .. 134 3 5 308 3 9 Honey-export Control Act, 1924 .. .. . . .. . . .. ; 240 17 5 222 18 9 Hospitals and Charitable Institutions Act, 1926 .. .. .. .. 7426 5,110 0 0 Immigration Restriction Act, 1908 .. .. .. .. .. 4,600 0 0 37 0 0 Imperial Stamps and Postal Orders .. .. .. .. .. 21050 1,878 7 10 H. V. S. Larsen Kauri-gum Control Act, 1925 .. .. . . .. . . 1,589 19 1 Land Agents Act, 1921-22, Section 7 .. . . .. . . .. 911 19 6 11 16 0 Massey Memorial Fund .. .. . . . . .. . . 10 15 0 31,225 17 1 Meat-export Control Act, 1921-22 .. .. .. .. .. 35,138 18 3 1 Mining Act, 1926, Section 447 (5) .. .. .. .. . . 1,470 0 11 369,836 9 9 I Miscellaneous .. .. .. .. .. .. .. .. 141,922 13 5 50,298 18 4 Money-order Settlement .. .. .. .. .. .. .. 30,456-12 10 1,079 17 8 Moumahaki Endowment—Revenue Account .. .. .. .. 1,488 0 9 43 14 0 Moumahaki Endowment—-Capital Account 124 12 4 National Health Insurance Stamps .. .. .. .. .. 134 19 1 7,309 8 4 Naval Remittances .. .. .. .. .. .. .. 6,670 5 11 45 15 0 Nelson Rifle Prize Fund .. . . .. .. .. .. 45 15 0 91 0 6 New Zealand University Endowment, Westland .. .. .. .. 88 10 0 245 0 0 North Island Experimental Dairy School .. .. .. .. .. 245 0 0 10,690 14 0 Opossum Fees .. .. .. .. .. .. .. .. 9,430 0 7 Orchard Tax Act, 1927 .. .. . . .. .. .. .. 964 1 7 147,020 6 3 Payments through the High Commissioner .. .. .. .. 46,661 2 4 55,883 5 0 Post Office Savings-bank Deposits .. .. .. .. .. 36,870 13 1 918,281 6 7 353,620 2 8 Carried forward .. .. .. ... .. 526,532 6 10 354,566 10 0 Note. —-In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 928.

DEPOSITS ACCOUNT.

15

1926-1927. 1927-1928. r „„„ EXPENDITURE. Gross. Gross. £ s. d. Withdrawals, — £ s. d. £ s. d. j British Empire Scholarships .. .. .. . . .. 540 0 0 10,157 10 0 { Canteen and Regimental Trust Board .. .. .. .. 8,529 9 4 50 0 0 j Coal-mines Amendment Act, 1922, Section 23 55,499 12 0 \ Dairy-produce Export Control Act, 1923 .. .. .. .. .. 50,896 17 5 2,874 15 0 j Deposits on Contracts .. .. .. .. .. .. .. 3,230 2 3 1 12 6 Distribution of Wool Profits .. .. .. .. .. , 174 16 2 Education Reserves Amendment Act, 1914— 58 2 0 Sales of Land under Section 3 (Primary-education Endowment) .. Education Reserves Amendment Act, 1924 — 116,100 4 3 ; Primary-education Endowment Deposit Account .. .. .. .. 122,158 1 7 Secondary-education Endowment Deposits Accounts— £ s. d. 2,111 7 9 | Auckland Provincial District .. .. .. .. 3,113 1 4 1,031 15 9 Taranaki Provincial District .. .. .. .. 1,241 19 2 2,099 13 6 Wellington Provincial District .. .. .. 2,890 4 0 2,147 14 9 j Hawke's Bay Provincial District .. .. .. 1,987 9 2 434 14 2 ! Nelson Provincial District .. .. . . .. 431 5 0 93 18 6 Marlborough Provincial District .. .. .. 91 16 4 . 1,377 16 4 \ Otago Provincial District .. .. .. .. 1,332 8 0 — 11,088 3 0 37,378 0 11 Emigrants .. .. .. .. .. .. .. .. 8,373 8 4 0 4 0 Fisheries Act, 1908 75 0 0 General Assembly Library Fund .. .. .. .. .. .. 50 0 0 17.235 10 3 German Currency .. .. .. .. .. .. .. 1,811 12 0 1,051 1 4 Gold Duty Suspense .. .. .. .. .. .. .. 2,451 16 0 112 4 2 Greymouth and Hokitika High School Acts, 1883 .. .. .. .. 190 0 3 10 0 0 Hauraki Plains Drains Deposit Account 317 10 3 Honey-export Control Act, 1924 .. .. .. .. .. .. 220 12 6 625 0 9 | Hospitals and Charitable Institutions Act, 1926 . . . . . .. 70 19 4 3,790 0 0 Immigration Restriction Act, 1908 .. .. .. .. .. 3,720 0 0 202 14 6 Imperial Stamps and Postal Orders . . .. .. .. 188 16 0 Kauri-gum Control Act, 1925 .. . . . . .. 1,396 15 8 Land Agents Act, 1921-22, Section 7 . . .. .. 845 0 0 1,878 7 10 H. V. S. Larsen 32,580 1 7 Meat-export Control Act, 1921-22 .. .. .. .. .. .. 33,525 9 0 Mining Act, 1926, Section 447 (5) .. .. .. .. .. .. 30 16 11 341,751 4 8 Miscellaneous .. .. .. .. .. .. .. .. 204,589 4 10 ■19,398 16 10 Money-order Settlement .. . . . . . . . . .. . . 30,912 6 5 962 17 1 Moumahaki Endowment—Revenue Account .. .. .. 1,119 14 3 41 10 0 National Health Insurance Stamps .. .. .. .. .. 120 10 4 7,964 16 4 Naval Remittances .. .. .. .. .. .. .. 4,975 14 1 40 0 0 Nelson Rifle Prize Fund .. . . .. .. .. .. .. 30 0 0 10,669 14 0 Opossum Fees .. .. .. .. .. .. .. .. 9,299 19 1 Orchard Tax Act, 1927 .. .. .. .. .. .. .. 16 0 3 143,333 11 2 Payments through the High Commissioner .. .. .. .. .. 42,871 10 1 55,580 5 0 Post Office Savings-bank Deposits .. .. .. .. .. 40,305 13 1 113 16 0 Public Trust Office Remittance .. . . .. .. .. .. 714 17 1 1,616 1 0 Purchase of Wheat Account, 1924-25 19.236 9 1 Purchase of Wheat Account, 1925-26 373,353 14 1 Receipts by the High Commissioner for payment in New Zealand .. 168,641 18 1 20,000 0 0 Receiver-General's Deposit Account .. .. .. .. .. 50,000 0 0 1,901 15 0 Remittances to Immigrants .. .. .. .. .. .. 1,045 5 0 997 0 0 Rotorua College and Grammar School Account .. .. .. .. 7,330 16 9 130,601 4 5 Samoan Treasury Account .. .. .. .. 119,129 12 8 Sumner School for the Deaf— £ s. d. Horton Bequest .. .. .. .. .. 85 14 6 Manson and Brown Bequests .. .. .. .. 122 10 4 208 4 10 989 15 0 Taranaki Scholarships Endowment .. .. . . .. .. 989 15 9 361 11 11 Tauranga Educational Endowment Reserves Act, 1896 70 1 0 Thermal Springs Districts Act, 1910 .. .. .. .. .. 8,353 4 1 447 9 10 Trustee Act, 1908 .. .. .. .. .. .. .. 65 16 2 273 15 0 Unclaimed Earnings .. .. .. .. .. .. .. 240 2 8 80 11 4 Unemployment Insurance Stamps.. .. .. .. .. .. 114 2 7 1,474 8 6 Unpresented Cheques .. .. .. .. .. .. .. 507 14 5 941,074 18 3 1,451,157 19 4 Carried forward .. .. .. .. .. .. 941,074 18 3 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 928.

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

16

DEPOSITS 1926-1927. RECEIPTS. 1927-1928. d. | £ s. d. £ s. d. 353,620 2 8 1 Brought forward .. .. .. .. .. 526,532 6 10 354,566 10 0 918,281 0 7 Lodgments—continued. 263 11 6 Public Trust Office Remittance .. .. .. .. .. .. 252 1 9 Purchase of Wheat Account, 1924-25 7 9 6 Purchase of Wheat Account, 1925-26 .. .. .. .. .. 371,678 17 3 Receipts by the High Commissioner for payment in New Zealand .. .. 168,773 17 3 25,000 0 0 Receiver-General's Deposit Account .. .. .. .. 35,000 0 0 1,840 15 0 | Remittances to Immigrants .. .. .. .. .. .. 833 15 0 1,927 15 9 Rotorua College and Grammar School Account .. .. .. ..J 225 1 0 2,008 6 8 Samoan Loan Sinking Fund Account .. .. .. .. ..J 2,381 5 2 126,655 17 9 Samoan Treasury Account .. .. .. .. .. j 126,338 9 4 Sumner School for the Deaf— £ s. d. 33 4 6 Horton Bequest .. .. . . .. . . 52 10 0 122 10 4 Manson and Brown Bequests .. .. .. -— 1 52 10 0 955 13 0 TaranSki Scholarships Endowment .. .. .. .. 1,014 16 9 260 11 11 Tauranga Educational Endowment Reserves Act, 1896 .. .. 387 19 6 Thermal Springs Districts Act, 1910 .. .. .. .. .. j 37 19 6 560 15 6 Trustee Act, 1908 .. .. .. .. .. .. .. I 505 0 1 1 286 2 1 Unclaimed Earnings .. .. .. .. .. .. .. 320 2 0 124 14 9 Unemployment Insurance Stamps .. .. .. .. .. I 126 5 9 1,456 13 4 Unpresented Cheques .. .. .. .. .. .. .. [ 362 8 8 i I j 862,503 17 4 1,452,104 6 8 £1,805,724 9 4 Totals .. .. .. .. .. .. [£1,217,070 7 4 STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND GENERAL PURPOSES £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 366,331 4 7 Cash in the Public Account .. .. .. .. .. .. 222,820 4 10 Imprests outstanding— 36,027 3 8 In the Dominion .. .. .. .. .. .. .. 14,454 7 2 65,062 13 1 In London .. .. .. .. .. .. .. .. 57,112 7 7 59,000 0 0 Investment Account .. .. .. .. .. .. .. 545,000 0 0 — 839,386 19 7 526,421 1 4 Credits-in-aid, — 108,092 11 11 Vote—Public Works Departmental .. .. .. .. .. 106,814 10 7 85,550 14 7 „ Railway-construction .. .. .. .. .. .. 108,027 9 6 2,501 17 9 „ Additions to Open Lines .. .. .. .. .. .. 168,795 13 5 555 17 4 „ General .. .. .. .. .. .. .. .. 274 17 11 ,, Courthouses .. .. .. .. .. .. .. 1 10 0 1,162 3 4 „ Prison Buildings and Works .. .. .. .. .. 1,262 17 5 ,, Police-stations .. .. .. .. .. .. .. 28 0 11 1,095 14 8 ,, Postal and Telegraph .. .. .. .. .. .. 125 17 0 2 0 0 „ Agricultural 26 6 8 „ Mental Hospital Buildings . . .. .. .. .. 187 1 0 13,251 2 0 „ Health and Hospital Institutions .. .. .. .. .. 13,172 9 2 12,449 16 0 ,, Timber-supply and Sawmills, &c., for Public Works Department .. ; 23,934 3 6 42,140 18 8 ,, Acquisition and Operation of Quarries for Public Works Department .. 34,601 0 1 0 15 8 „ Lighthouses .. .. .. .. .. .. .. j 11177 221 116 „ Harbour Works .. .. .. .. .. .. .. 1,193 16 0 648 16 3 „ Development of Tourist Resorts .. .. .. .. ... 165 0 4 216,356 2 4 ,, Department of Immigration .. .. .. .. .. 110,460 5 11 37,565 0 2 „ Roads, &c. .. .. .. .. .. .. .. 98,503 11 3 „ Roads, &c., on Goldfields .. .. .. .. .. .. j 23 16 9 ,, Roads to give Access to Outlying Districts .. .. .. 4,240 4 2 104,601 7 5 „ Telegraph Extension .. .. .. .. .. 59,006 15 3 206 2 1 ,, Contingent Defence .. .. .. .. .. 141 10 6 977 10 4 „ Lands, Miscellaneous .. .. .. .. .. .. 4,010 2 1 2,515 2 5 ,, Irrigation, Water-supply, and Drainage .. .. .. .. 5,262 1 2 78,555 3 6 „ Plant, Material, and Stores .. .. .. .. .. 74,514 2 10 708,476 14 7 814,858 4 4 Credits in reduction, — Unauthorized Expenditure— 1,412 4 1 Services not provided for .. .. .. .. .. 428 2 6 „ 815,286 6 10 709,888 18 8 1,236,310 0 0 Carried forward .. .. .. 1,654,673 6 5 Note. —In these accounts the credits-in aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l 1 Pt. I .

PUBLIC ACCOUNTS, 1 927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

17

ACCOUNT—continued. 1926-1927. 1927-1928. Gross. EXPENDITURE. Gross . £ s. d. £ s. d. £ s. d. 1,451,157 19 4 Brought forward .. .. .. .. .. .. 941,074 18 3 Balance at end of Year, — 32,125 3 0 Cash in the Public Account .. .. .. .. .. .. 6,178 9 1 Imprests outstanding 8,241 7 0 In London .. .. .. .. .. .. .. .. 16,898 12 0 Investment Accounts— Securities held—■ £ s. d. 97,030 0 0 Deposits Account (General) .. .. .. .. 81,430 0 0 41,790 0 0 German Currency .. .. .. .. .. 41,790 0 0 28,000 0 0 Miscellaneous (Belgian Belief Fund) .. .. .. 1,900 0 0 New Zealand University Endowment, Westland .. 1,900 0 0 136,000 0 0 Beceiver-General's Deposit Account .. .. .. 121,000 0 0 4,700 0 0 Botorua College and Grammar School Account .. 4,780 0 0 : Samoan Loan Sinking Fund Account .. .. .. 6,798 8 0 — 252,918 8 0 354,566 10 0 275,995 9 1* £1,805,724 9 4 Totals .. .. .. .. .. .. .. £1,217,070 7 4 * For explanatory statement see page 73. for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927, ACCOUNT. £ s. d. Annual Appropriations,— £ s. d. £ s. d. 223,536 3 5 Vote —Public Works, Departmental .. .. .. .. .. 237,502 7 1 1,181,919 16 ,, Bailway-construction .. .. .. .. .. .. 1,016,696 6 10 386,940 19 5 ,, Additions to Open Lines .. .. .. .. .. .. 401,948 15 0 120,419 14 10 „ General .. .. .. .. .. .. .. .. 42,828 7 3 1,260 15 4 ,, Courthouses .. .. .. .. .. .. .. 7,532 10 2 23,974 0 1 „ Prison Buildings and Works .. .. .. .. .. 23,621 12 9 7,410 12 4 ,, Police-stations .. .. .. .. .. .. .. 5,589 6 487,148 3 10 „ Postal and Telegraph .. .. .. .. .. .. 77,319 7 5 4,165 12 7 „ Agricultural .. .. .. .. .. .. .. 2,862 12 7 68,661 8 0 ,, Mental Hospital Buildings .. .. .. .. .. 51,305 12 7 29,091 7 3 „ Health and Hospital Institutions .. .. .. .. .. 27,533 12 3 20,961 8 4 ,, Timber-supply and Sawmills, &c., for Public Works Department .. 16,937 0 10 48,442 15 11 „ Acquisition and Operation of Quarries for Public Works Department .. 25,276 2 8 5,759 3 8 „ Lighthouses .. .. .. .. .. .. .. 8,090 9 8 13,483 19 10 „ Harbour-works .. .. .. .. .. .. .. 17,085 1 3 32,629 11 0 ,, Development of Tourist Besorts .. .. .. .. .. 36,838 7 1 401,274 8 2 ,, Department of Immigration .. .. .. .. .. 177,617 9 4. 612,695 16 9 „ Boads, &c. .. .. .. .. .. .. .. 768.335 18 4 2,230 2 0 ,, Boads on Goldfields .. .. .. .. .. .. 2,354 5 8 ,, Boads to give access to Outlying Districts .. .. .. . . 37,882 8 9 662,642 13 1 ,, Telegraph Extension .. .. .. .. .. .. 684,546 10 5 34,220 8 7 „ Contingent Defence .. . .. .. .. 40,127 18 7 57,244 17 10 „ Lands, Miscellaneous .. .. .. .. .. .. 76,908 3 6 59,451 18 4 „ Irrigation, Water-supply, and Drainage .. .. .. .. 54,997 3 3 54,407 2 5 „ Plant, Material, and Stores .. .. .. .. .. 73,226 0 5 400,000 0 0 „ Transfer to Main Highways Account —Construction Fund .. .. 200,000 0 0 4,539,972 4 6 4,114,963 10 0 Unauthorized Expenditure,— 2,601 14 6 Services not provided for.. .. .. .. .. .. .. 691 17 6 4,115,655 7 6 4,542,573 19 0 I | 4.542,573 19 0 Carried forward .. .. .. .. .. .. [ 4,115,655 7 6 I I __ . . ' J Note. —In these accounts the oredits-in-aid (section 51, Public Bevenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [FT. 11.

PUBLIC ACCOUNTS 1927-1928

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

18

I I I I 1926-1927. RECEIPTS 1927-1928. £ s. d. £ s. d. £ s. d. | 1,236,310 0 0 Brought forward .. .. .. .. .. 1,654,673 6 5 146,933 4 5 Recoveries on account of Expenditure of previous Years .. .. .. 40,026 1 1 j Lake Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account,— 1,620 9 9 i Receipts under Land Act, 1924, Section 383 (2) .. .. .. .. .. 1,615 3 8 ' New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 194-6— Finance Act, 1925, Section 2 (Public Works)- — Stock issued in respect of £4,000,000 authorized (part of £6,000,000 5-per-cent. 4,000,000 0 0 Stock Loan, 1926).. 25 11 8 Interest on overdue instalments Stock issued in respect of Amount required to cover Charges and Expenses of raising £4,000,000 authorized (part of £6,000,000 5-per-eent. Stock, 151,450 10 2 1926) 1,514 10 2 Premium .. Finance Act, 1926, Section 2 (Public Works) — Stock issued in respect of £3,500,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1927) .. .. .. .. .. 3,500,000 0 0 Interest on overdue instalments .. .. .. .. .. 28 7 9 Stock issued in respect of Amount required to cover Charges and Expenses of raising £3,500,000 authorized (part of £6,000,000 5-per-cent. Stock Loan,1927) .. .. .. .. .. .. .. 97,270 9 10 Premium.. .. .. .. .. .. .. .. 1,702 4 8 I— 3,599,001 2 3 ! j 4,152,990 12 0 New Zealand Loans Act, 1908, Section 5(1) (6), — Finance Act, 1925, Section 2 (Public Works) — Temporary Advance received from Bank of England on Memorandum of 400,000 0 0 Security .. .. .. .. ... .. Public Revenues Amendment Act, 1913, Section 34, — 200,000 0 (I Proceeds of Treasury Bills issued in anticipation of Loan Transfer from Consolidated Fund (Ordinary Revenue Account), in terms of Section 12 of the Appropriation Act, 1927.. .. .. .. .. ..I .. | 250,000 0 0 £6,137,854 6 2 Totals .. .. .. .. .. j .. £6,545,315 13 5 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

19

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

GENERAL PURPOSES ACCOUNT —continued.

4—B. 1 [PT. 11.

19 r 26 " 27 - EXPENDITURE. 1927 " 1928 - Gross. i Gross. __} ; ! £ s. d. £ s. d. £ a. d. 4,542,573 19 0 Brought forward .. .. .. .. .. .. | 4,115,655 7 6 - Lake Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account, — Expenditure under Land Act, 1924, Section 383 (2) — HI 4 7 Administration Expenses .. .. .. .. .. 120 911 Expenditure under Ellesmere Lands Drainage Act, 1905, Section 6 (1) — 439 5 0 Subsidy to Ellesmere Lands Drainage Board .. .. .. .. 439 5 0 ' 559 H 11 520 9 7 155,372 18 0 Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1921 (Redemptions).. .. 3 4 6 I Finance Act, 1920, Section 15 (Public Works), (Redemptions) .. .. 1,258 2 6 Finance Act, 1921, Section 10 (Public Works), (Redemptions) .. .. 34 11 6 Finance Act, 1926, Section 2 (Public Works) .. .. .. .. 99,001 4 11 — 100,297 3 5 Public Revenues Amendment Act, 1913, Section 34, — 200,000 0 0 Treasury Bills redeemed from Proceeds of Loan New Zealand Loans Act, 1908, Section 5 (1) (b),— Finance Act, 1925, Section 2 (Public Works) — 400,000 0 0 Temporary Advance from Bank of England on Memorandum of Security repaid Balance at end of Year, — 222,820 4 10 Cash in the Public Account .. .. .. .. .. .. 668,314 3 2 Imprests outstanding— 14,454 7 2 In the Dominion .. .. .. .. .. .. .. 11,462 6 9 57,112 7 7 In London .. .. .. .. .. .. .. .. 26,026 17 8 Investment Account — 545,000 0 0 Securities beld .. .. .. .. .. .. .. 623,000 0 0 1,328,803 7 7* 839,386 19 7 £6,137,854 6 2 Totals .. .. .. .. .. .. .. .. £5,545,315 13 5 * For explanatory statement see page 73. Note. —In these accounts the credits-in-aid (section 51, Public 1 Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1 927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1928, compared with the year ended 31st March, 1927—continued.

20

1826-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ a. d. £ s. d. 19,455 19 4 Cash in the Public Account .. .. .. .. .. .. 1,666 7 10 Imprests outstanding— 2,253 16 4 In London .. 1,666 7 10 21,709 15 8 Credits in reduction of Expenditure under Section 17 of the Waihou and Ohinemuri .. 7,277 10 9 2,818 14 1 Rivers Improvement Act, 1910 Receipts under Section 17 (4) (c) Waihou and Ohinemuri Rivers Improvement Act, 1910,— 691 10 7 Rents, Royalties, &c. .. .. .. .. .. .. .. .. 338 1 2 i Contributions under the Waihou and Ohinemuri Rivers Improvement Act, 1910, Sections 17 and 18, and Amendment Act, 1912,— 1,438 3 6 Gold-mining Companies .. .. .. .. .. .. 101010 1,133 6 2 Consolidated Fund .. .. .. .. .. .. 1,291 4 0 971 13 9 Gold Duty .. .. .. .. .. .. .. 2,324 19 0 — 3 626 13 10 3,543 3 5 Interest on Investments .. .. .. .. .. .. .. .. 192 13 9 New Zealand Loans Act, 1908, — Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1924, Section 6 — 20,000 0 0 Debentures issued .. .. .. .. .. .. .. 75,000 0 0 Waihou and Ohinemnri Rivers Improvement Act, 1910. and Finance Act, 1926, Section 7 — Debentures issued .. .. .. .. .. .. .. 10,000 0 0 85,000 0 0 20,000 0 0 Public Revenues Act, 1926, Section 40, — 25,000 0 0 Temporary transfers from other Accounts .. .. .. .. .. .. 93,000 0 0 , f ' I £73,763 3 9 Totals .. .. .. .. .. .. .. £191,101 7 4 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I

PUBLIC ACCOUNTS, 19 27-1928.

THE WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT.

21

1926-27. I EXPENDITURE 1927 ~ 28 Gross. Gross. £ s. d. Expenditure under Section 17 of the Waihou and Ohinemuri Rivers Improvement £ s. d. £ s. d. 68,674 7 9 Act, 1910 .. .. .. .. .. .. .. .. .. 66,921 18 5 ' I Public Revenues Act, 1926, Section 40, —■ 122 8 2 I Interest paid on Temporary Transfers from other Accounts .. .. .. 1,801 5 2 Temporary Transfers from other Accounts repaid .. .. .. .. 108,000 0 0 j 109,801 5 2 ' * l ' Public Revenues Act, 1926, Section 139, — 3,300 0 0 Interest recouped to the Consolidated Fund .. .. . . .. | .. 2,300 0 0 ' Balance at end of Year, — 1,666 7 10 Cash in the Public Account .. .. .. .. .. .. .. 12,078 3 9*' ! ! . £73,763 3 9 Totals .. .. .. .. .. .. .. £191,101 7 4 * For explanatory statement see page 73. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposos of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 928

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

22

ELECTRIC 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. f s. d. 2,350 6 8 Cash in the Public Account .. .. .. .. .. .. 44,866 5 8 Imprests outstanding— 2,145 7 0 In the Dominion .. .. .. .. .. .. .. 2 0 0 43,616 0 9 In London .. .. .. .. .. .. .. .. 79,322 4 9 90,000 0 0 Investment Account .. .. .. .. .. .. .. 150,000 0 0 _____— 274,190 10 5 138,111 14 5 — — Credits-in-aid, — 28,316 2 0 Vote —Development of Water-power .. .. .. .. .. .. 28,932 18 11 Credits-in-reduction, — Unauthorized Expenditure— 45 11 10 Services not provided for 2,063 15 2 Recoveries on acoount of Expenditure of previous Years .. .. .. .. 63 9 2 State Supply of Electrical Energy Act, 1917, Section 8, — 339,993 16 4 Sales of Electric Energy .. .. .. .. .. .. .. 367,947 5 11 7,490 6 8 Miscellaneous Receipts .. .. .. .. .. .. .. 10,020 6 7 —— — — 377,967 12 6 347,484 3 0 ————— Reserves and other Lands Disposal and Public Bodies Empowering Act, 1921-22, Section 91 (2), — Amount transferred from State Forests Acoount .. .. .. .. .. 1332 14,748 3 0 Interest on Investments .. .. .. .. .. .. .. 18,568 6 10 1 New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 1946 — Electric-power Works Loan Act, 1919 —• Stock issued in respect of £1,100,000 authorized (part of £6,000,000 5-per-cent. 1,100,000 0 0 Stock Loan, 1926) Stock issued in respect of Amount required to cover Charges and Expenses of raising £1,100,000 authorized (part of £6,000,000 5-per-cent. Stock 41,648 17 10 Loan, 1926) 416 9 9 Premium 7 0 9 Interest on Oyerdue Instalments Stock issued in respect of £900,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1927) .. .. .. .. .. 900,000 0 0 Premium .. .. .. .. .. .. .. .. 437 14 4 Stock issued in respect ofj Amount required to cover] Charges and Expenses of raising £900,000 authorized (part of £6,000,000 5 - per - cent. Stock Loan, 1927) .. .. .. .. .. .. .. 25,012 8 4 Interest on Overdue Instalments .. .. .. .. .. 760 New Zealand Inscribed Stock Act, 1917 — Finance Act, 1920, Section 15 (Electric-power Works) — 98,000 0 0 Inscribed Stock issued Electric-power Works Loan Act, 1919 — Inscribed Stock issued .. .. .. .. .. .. 160,000 0 0 1,085,457 8 8 1,240,072 8 4 Public Revenues Amendment Act, 1913, Section 34, — 50,000 0 0 Proceeds of Treasury Bills issued in anticipation of Loan New Zealand Loans Act, 1908, Section 5 (1) (6), — Electrie v -power Works Loan Act, 1919 — 110,000 0 0 Temporary Advance received from Bank of England on Memorandum of Security .. .. .. .. .. .. .. Public Revenues Act, 1926, Section 40, — Temporary transfers from other Accounts .. .. .. .. .. .. 100,000 0 0 £1,930,841 17 9 Totals .. £1^885,193T7 ELECTRIC SUPPLY I s. d. Balance at beginning of Year, — £ s. d. £ g. d. 15 1 Cash in the Public Account . . .. .. .. .. .. 22 13 0 17.390 0 0 Investment Account .. .. .. .. .. .. .. 38,640 0 0 38,662 13 0 17.391 5 1 State Supply of Electrical Energy Act, 1917, Section 12, — Transfer from Electric Supply Account— 11,342 0 0 Horahora Scheme .. .. .. .. .. .. .. 8,448 0 0 8,906 15 11 Lake Coleridge Scheme .. .. .. .. .. .. 26,250 5 3 , 34,698 5 3 20,248 15 11 1,022 12 0 Interest on Investments .. .. .. .. .. .. .. .. 2,354 16 9 138,662 13 0 Totals .. .. .. .. .. .. .. £75,715 15 0 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l TPT. 11.

PUBLIC ACCOUNTS, 19 27 1 928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

23

SUPPLY ACCOUNT. 192 r 6 " 1 c f 7, I. EXPENDITURE. 19OT-1M8. Gross. Gross. £ s. d. Annual Appropriation,—■ £ s. d. £ s. d. 1,158,329 0 8 Vote—Development of Water-power .. .. .. .. .. .. 1,418,273 10 10 Unauthorized Expenditure,—45 11 10 Services not provided for.. 1,158,374 12 6 Public Revenues Act, 1926, Section 139, — 275,079 13 7 Interest recouped to the Consolidated Fund .. .. .. .. .. 330,774 16 10 New Zealand Loans Act, 1908, Section 26, — 397 7 11 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 2,316 18 9 Finance Act, 1926, Section 23 (4),- — Recoupment of Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935/45— 128 2 7 Electric-power Works Loan Act, 1919 .. .. .. .. .. .. 171 16 9 Amortization of Debt, —• 'Transfer to Electric Supply Sinking Fund Account in terms of Section 12 of the State Supply of Electrical Energy Act, 1917, —- 11,342 0 0 Horahora Scheme .. .. .. .. .. .. .. 8,448 0 0 8,906 15 11 Lake Coleridge Scheme .. .. .. .. .. .. 26,250 5 3 — — 34,698 5 3 20,248 15 11 New Zealand Loans Act, 1908, Section 5 (1) (6),— Electric-power Works Loan Act, 1919 — 110,000 0 0 Temporary Advance from Bank of England on Memorandum of Security repaid ; ' ! Public Revenues Amendment Act, 1913, Section 34, — 50,000 0 0 \ Treasury Bills redeemed from Proceeds of Loan .. .. .. Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908— 42,307 8 10 Electric-power Works Loan Act, 1919 .. .. .. .. .. j 26,257 9 4 115 6 0 ; Finance Act, 1920, Section 15 (Electric-power Works) .. .. .. j — 1 26,257 9 4 42,422 14 10 Balance at end of Year, — 44,866 5 8 Cash in the Public Account .. .. .. .. .. .. 30,803 17 2 Imprests outstanding— 2 0 0 In the Dominion .. .. .. .. .. .. .. 185 0 11 79,322 4 9 In London .. .. .. .. .. .. .. .. 41,71113 10 150,000 0 0 Investment Account .. .. .. .. .. .. .. — , 72,700 11 11* 274,190 10 5 £1,930,841 17 9 Totals .. .. .. .. .. .. £1,885,193 9 8 — : * For explanatory statement see page 73. SINKING FUND ACCOUNT. £ s. d. Balance at end of Year, — £ s. d. £ s. d. 22 13 0 Cash in the Public Account .. .. .. .. .. .. 215 15 0 Investment Account— 38,640 0 0 Securities held .. .. .. .. .. .. .. 75,500 0 0 _ 75,715 15 0* 38,662 13 0 , . £38,662 13 0 Totals .. .. .. .. .. .. .. £75,715 15 0 * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924—25. Far the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I

PUBLIC ACCOUNTS, 1 927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the

24

ADVANCES TO OTHER I " r " ' j 1926-1927. RECEIPTS 1927 1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. 30,370 3 0 Imprests outstanding— 31,612 5 6 In the Dominion .. .. .. .. .. .. .. 19,266 11 6 49,636 14 6 Finance Act, 1921-22, Section 13, — 30,000 0 0 Transfer from the Consolidated Fund I Public Revenues Act, 1926, Section 137, —• Recoveries from other Governments— Barbados . . .. .. .. .. .. .. .. 212 10 0 51 17 1 British Guiana .. .. .. .. .. .. .. 86 8 7 231 17 1 Canadian Government .. .. .. .. .. .. .. 198 3 2 625 19 11 Ceylon .. .. .. .. .. .. .. .. 971 0 9 5,833 13 11 Cook Islands .. .. .. .. .. .. .. .. 3,866 13 8 19,581 8 10 Commonwealth Government .. .. .. .. .. .. 25,755 12 5 126 13 4 East Africa Protectorate 90 10 9 Falkland Islands .. .. .. .. .. .. .. 225 0 0 2,907 10 1 Federated Malay States .. .. .. .. .. .. 3,390 13 0 244 17 0 Fiji .. .. .. .. .. .. .. .. .. 299 16 1 Gilbert and Ellice Islands .. .. .. .. .. .. 38 15 0 136 13 9 Gold Coast .. .. .. .. .. .. .. .. 781 18 11 281 19 2 Hong Kong .. .. .. .. .. .. .. .. 241 11 3 63,736 14 7 Imperial Government .. .. .. .. .. .. .. j 53,678 18 1 164,169 13 6 Imperial Pensions .. .. .. .. .. .. .. 227,737 13 6 Johore .. .. .. .. .. .. .. .. 8 17 8 153 15 0 Kenya .. .. .. .. .. .. .. . . 119 6 10 30 19 7 Mauritius .. .. .. .. .. .. .. .. 100 13 0 Newfoundland .. .. .. .. .. .. .. 916 New South Wales .. .. .. .. .. .. .. 200 1,065 2 0 Nigeria .. .. .. .. .. .. .. .. 3,040 4 6 376 7 3 Niue Island .. .. .. .. .. .. .. . . 196 11 1 Northern Rhodesia .. .. .. .. .. .. .. 524 19 8 Nyassaland Protectorate .. .. .. .. .. .. 689 0 0 117 8 6 Palestine .. .. .. .. .. .. .. .. 169 0 8 Queensland .. .. .. .. .. .. .. .. 860 6 14 3 Sarawak 16 0 3 Southern Rhodesia .. .. .. .. .. .. .. 15 16 9 44 6 0 Straits Settlements .. .. .. .. .. .. .. 76 6 0 56 14 0 Trinidad .. .. .. .. .. .. .. .. 52 18 11 30 12 2 Uganda .. .. .. .. .. .. .. .. 15 6 2 402 7 0 Union Government of South Africa .. .. .. .. .. 396 3 0 Victoria .. .. .. .. .. .. .. .. 241 15 7 Zanzibar .. .. .. .. .. .. .. .. 219 13 0 • 323,370 14 9 260,319 15 0 £321,832 0 6 Totals .. .. .. .. .. .. .. £373,007 9 3 BANK OF NEW ZEALAND _ 1 I £ s. d. Balance at beginning of Year, — £ s. d. I £ s. d. 875,000 0 0 Investment Account .. .. .. .. .. .. .. | £875,000 0 0 ■ Totals .. .. .. .. .. .. .. .. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 19 2 7-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927.

25

GOVERNMENTS ACCOUNT. 1926-1927. 1927-1928. Gross. EXPENDITURE. Gross _ £ s. d. Public Revenues Act, 1926, Section 137, —- £ s. d. £ s. d. Payments on behalf of other Governments— I Barbados .. .. .. .. .. .. .. .. 212 10 0 51 17 1 British Guiana . . . . .. .. .. .. .. 86 8 7 198 3 2 Canadian Government .. .. .. .. .. .. 463 6 11 625 19 11 Ceylon .. .. .. .. .. .. .. . . 971 0 9 7,441 7 1 Cook Islands .. .. .. .. .. .. .. 3,692 17 0 26,295 18 1 Commonwealth Government .. .. .. .. .. .. 25,310 19 9 126 13 4 East Africa Protectorate Falkland Islands .. .. .. .. .. .. .. 225 0 0 2,459 8 7 Federated Malay States .. .. .. .. .. .. 3,529 16 9 242 14 0 Fiji .. .. .. .. .. .. .. .. . . 299 16 1 136 13 9 Gold Coast .. .. .. .. .. .. . . . . 781 18 11 Gilbert and Ellice Islands .. .. .. .. .. .. 38 15 0 281 19 2 Hong Kong .. .. .. .. .. .. .. .. 241 11 3 67,406 12 0 Imperial Government .. .. .. .. .. .. .. 56,997 19 11 164,399 19 2 Imperial Pensions .. .. .. .. .. .. .. 227,728 8 2 Johore .. .. .. .. .. .. .. .. 8 17 8 160 1 3 Kenya .. .. .. .. .. .. .. .. 113 0 7 30 19 7 Mauritius .. .. .. .. .. .. .. .. 100 13 0 110 Newfoundland .. .. .. .. .. .. .. 1106 New South Wales .. .. .. . . .. .. .. 65 15 0 1,065 2 0 Nigeria .. .. .. .. .. .. .. .. 3,040 4 6 205 12 9 Niue Island .. .. . . . . . . .. .. .. 624 9 8 Northern Rhodesia .. .. .. . . .. .. .. 524 19 8 Nyassaland Protectorate .. .. .. .. .. .. 689 0 0 117 8 6 Palestine .. .. .. .. .. .. .. .. 174 13 8 8 6 0 Queensland 6 14 3 Sarawak 16 0 3 Southern Rhodesia .. .. .. .. .. .. .. 15 16 9 44 6 0 Straits Settlements .. .. .. .. .. .. .. 76 6 0 56 14 0 Trinidad .. .. .. .. .. .. .. .. 52 18 11 30 12 2 Uganda .. .. .. .. .. .. .. .. 15 6 2 373 14 4 Union Government of South Africa .. .. .. .. .. j 297 8 10 241 15 7 Victoria .. . . .. . . .. .. .. 169 13 0 Zanzibar .. .. .. .. .. . . .. 50 0 0 — i 326,441 0 0 272,195 6 0 Balance at end of Year, — 30,370 3 0 Cash in the Public Account .. .. .. .. .. .. 32,984 19 11 Imprests outstanding— 19,206 11 6 In the Dominion .. .. .. .. .. .. .. 13,581 9 4 — 46,566 9 3 49,636 14 6 £321,832 0 6 Totals .. .. .. .. .. .. .. £373,007 9 3 ACTS ACCOUNT. £ s. d. Finance Act, 1926, Section 8, — £ s. d. £ s. d. Transfer to Bank of New Zealand Shares Account representing Amount of Shares held at 1st April, 1926 (at cost) —- 500,000 0 0 £500,000 Preference " A " Shares (at cost) 375,000 0 0 £625,000 Preference " B " Shares (at cost) 875,000 0 0 £875,000 0 0 Totals Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924—25. For the purposes of comparison a summary showing the net expenditure, will be found on page 74.

B.—] TPT. I

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

26

BANK OF NEW ZEALAND 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Investment Account .. .. .. .. .. .. .. _ _ 1 gg3 593 ig 0 Finance Act, 1926, Section 8 (2), — Transfer from Ordinary Revenue Account, representing Amount of Shares held 750,000 0 0 at 1st April, 1926 (at cost) Transfer from Bank of New Zealand Acts Account, representing Amount of Shares 875,000 0 0 held at 1st April, 1926 (at cost) 1,625,000 0 0 Finance Act, 1926, Section 8 (3), — 212,476 0 6 Dividends received in terms of Bank of New Zealand Act, 1920, Section 13 .. .. 234,765 12 4 [ Finance Act, 1926, Section 8 (1),— Appropriation Act, 1926, Section 17— Transfer from Consolidated Fund of Amount required to pay Instalments 58,593 15 0 \ of 5s. each per Share on 234,375 C Long-term Mortgage Shares .. .. .. 1X7 187 10 0 11,896,069 15 6 Totals .. .. .. .. .. .. .. £2,035,546 17 4 CHEVIOT ESTATE I " i " ~ j " I £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 73,686 13 9 j Cash in the Public Account .. .. .. .. .. .. 12,878 7 6 131,220 0 0 : Investment Account .. .. .. .. .. .. .. 159,780 0 0 — 172,658 7 6 204,906 13 9 Receipts under the Land Act, 1924, — 16,960 6 8 Rents from Lands .. .. .. .. .. .. .. 17,488 12 3 90 0 0 Sales of Land .. .. .. .. .. .. .. .. 120 0 0 — 17,608 12 3 17,050 6 8 8,059 3 11 Interest on Investments .. .. .. .. .. .. .. .. 7,677 12 4 ' '. , . I Public Revenues Act, 1926, Section 40, — Interest received on Temporary Transfers to other Accounts .. .. .. .. 53 9 8 Adjustment of amount wrongly debited in 1925-26 Accounts, — Amortization of Debt— Transfer to Loans Redemption Account for Redemption and Cancellation of Securities in terms of Section 24, Finance Act, 1921-22 — New Zealand Loans Act, 1908— 271 16 11 New Zealand Consolidated Stook, 1940 (nominal value, nil) — £230,288 1 3 1 ToiaU .. .. .. .. .. .. .. £197,998 1 9 =1 L ; 1—;— Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will bo found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

s—B. 1 [Pt. I].

27

SHARES ACCOUNT. 1926-1927. pypFMnmipc 1927-1928. Gross. EXPENDITURE. Gross . £ s. d. Finance Act, 1926, Section 8 (3), — £ s. d. £ s. d. Transfer to Ordinary Revenue Account of Dividends received in terms of the 212,476 0 6 Bank of New Zealand Act, 1920, Section 13 .. .. .. .. .. 234,765 12 4 Balance at end of Year,— Investment Account— 1,683,593 15 0 Securities held .. .. .. .. .. .. ,, 1.800,781 5 0* m £1,896,069 15 6 Totals .. .. .. .. .. .. .. £2,035,546 17 4 * For explanatory statement see page 73. ACCOUNT. £ s. d. Expenditure under the Land Act, 1924, Section 21,- — £ s. d. £ s. d. I 847 19 10 Administration Expenses recouped to the Consolidated Fund .. .. .. .. 881 7 9 Public Revenues Act, 1926, Section 139, —- 6,344 7 8 Interest recouped to the Consolidated Fund .. .. .. .. .. j 5,632 2 6 New Zealand Loans Act, 1908, Section 26, — 37 6 3 Recoupment of Management Charges of Consolidated Stock .. .. .. ! .. 94 19 0 Finance Act, 1926, Section 25,— Payment to Ordinary Revenue Account in respect of £50,400 3J New Zealand Consolidated Stock, 1940, redeemed and cancelled during the financial year 50,400 0 0 1925-26, now deemed to be Cheviot Estate Stock .. .. .. . Balance at end of Year, — 12,878 7 6 Cash in the Public Account .. .. .. .. .. .. 709 12 6 Investment Account — 159,780 0 0 Securities held .. .. .. .. .. .. .. 190,680 0 0 191,389 12 6* 172,658 7 6 £230,288 1 3 Totals .. .. .. .. .. .. .. £197,998 1 9 — _ ___ __ [ I • For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenue!, Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-192 8.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

28

CONVERSION i 1928-27. RECEIPTS 1927-28. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. .. 315 2 Adjustment of Amount erroneously debited in 1925-26,— Amortization of Debt— Transfer of Loans Redemption Account for Redemption and Cancellation of 31 5 2 securities in terms of Section 24, Finance Act, 1921-22 £31 5 2 • Totals .. .. .. .. .. .. .. £31 5 2 DETERIORATED £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 1,727 10 1 Cash in the Public Account .. .. .. .. .. .. 4,720 17 4 Imprests outstanding,— In the Dominion .. .. .. .. .. .. .. 0 16 8 4,721 14 0 1,727 10 1 Recoupment of Expenditure under Section 12 (4) (d) of the Deteriorated Lands Act, 1925,— Administration expenses .. .. .. .. .. .. .. .. 4,682 16 3 Deteriorated Lands Act, 1925, Section 12 (5), — Repayment of Advances .. .. .. .. .. .. .. 36 13 11 Interest on Advances .. .. .. .. .. .. .. 16 19 2 53 13 1 Interest on Investments .. .. .. .. .. .. .. .. 141 13 6 Public Revenues Act, 1926, Section 40, — Temporary Transfers from other Accounts .. .. .. .. .. .. 8,000 0 0 New Zealand Loans Act, 1908, — Deteriorated Lands Act, 1925— 10,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 10,000 0 0 £11,727 10 7 I Totals .. .. .. .. .. .. .. £27,599 16 10 DISCHARGED SOLDIERS £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 15,169 19 4 Cash in the Public Account .. .. .. .. .. . • 224,482 2 10 Imprests outstanding— 11,281 12 4 In the Dominion .. .. .. .. .. .. j 7,404 4 8 99,819 0 9 Investment Account .. .. .. .. .. .. .. 467,383 13 3 — 699,270 0 9 126,273 12 5 Credits-in-Aid, —. 15 0 Vote —Expenses of Management Credits in reduction of Expenditure under Section 9 of the Discharged Soldiers 9,924 15 7 Settlement Act, 1915 .. .. .. .. .. .. .. .. 8,683 14 7 | 136,199 13 0 Carried forward .. .. .. .. .. j .. 707,953 15 4 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B—l [Pt. Ij

PUBLIC ACCOUNTS, 1927-19 28.

for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

29

ACCOUNT. 1926-27. EXPENDITURE. 1927-28. Gross - Gross. £ s. d. Balance at end of Year, — £ 8. d. £ s. d. 31 5 2 Cash in the Public Account .. .. .. .. .. .. > t 31 5 2 £31 5 2 Totals .. .. .. .. .. .. ., £31 g 2 LANDS ACCOUNT. £ s. d. Expenditure under Section 12, Subsection 4 (d), of the Deteriorated Lands Act, 1925, — £ s. d. £ s. d. 6,898 0 5 1 Administration Expenses Expenditure under Section 11 of the Deteriorated Lands Act, 1925, — Advances for Purchase of Fencing-materials, Lime, or Manure, and for Capital 107 15 8 Expenditure .. .. .. .. .. .. .. .. ,. 4 107 8 10 Public Revenues Act, 1926, Section 40, — Interest paid on Temporary Transfers from other Accounts .. .. .. 78 18 2 Temporary Transfers from other Accounts repaid .. .. .. .. 8,000 0 0 8;078 lg 2 Balance at end of Year, — 4.720 17 4 Cash in the Public Account .. .. .. .. .. .. 15,413 9 10 Imprests outstanding— 0 16 8 In the Dominion — — — 15,413 9 10 4.721 14 0 £11,727 10 1 Totals .. .. .. .. .. .. .. £27,599 16 10 j SETTLEMENT ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 41,163 5 1 Vote—Expenses of Management .. .. .. .. .. .. .. 40 021 3 9 15,819 12 4 Expenditure under Section 9 of the Discharged Soldiers Settlement Act, 1915 .. .. 11,617 12 8 589,146 4 7 Advances made under Sections 6 and 9 of the Discharged Soldiers Settlement Act, 1915 .. 629,033 7 4 j Interest on Transfers from the Consolidated Fund, —• I 200,000 0 0 1 Discharged Soldiers Settlement Loans Act, 1920, Section 8, Subsection (3) .. .. 320,000 0 0 Public Revenues Act, 1926, Section 139, — 162,721 0 0 Interest recouped to the Consolidated Fund .. .. .. .. .'. 327,685 18 0 Finance Act, 1926, Seotion 23 (4),— Recoupment of Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935-45— 64 1 4 Discharged Soldiers Settlement Loans Act, 1920 .. .. .. .. j .. 85 18 5 New Zealand Loans Act, 1908, Section 26, — 39 9 9 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 157 19 3 23,256 10 10 Suspense Account (amounts allocated) .. .. .. .. .. .. 21,403 5 9 1,032,210 3 11 | Carried forward .. .. .. .. .. .. 1,350,005 5 2 Note.—In these accounts the eredits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 9 27- 192 8.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the year ended 31st March, 1927—continued.

30

1926-1927. RECEIPTS. 1927-1928. £ s. d. £ s. d. £ 8. d. 136,199 13 0 Brought forward .. .. .. .. .. .. 707,953 15 4 Discharged Soldiers Settlement Act, 1915, Section 9,— Repayments in respect of Advances under Sections 6 and 9 of the Discharged i Soldiers Settlement Act, 1915, including Proceeds of Sale of Interests in Land i 915,759 3 6 under Section 11 of the Discharged Soldiers Settlement Amendment Act, 1921-22 989,830 6 6 Interest in respect of Advances under Sections 6 and 9 of the Discharged Soldiers Settlement Act, 1915, and in respect of Sales of Interests in Land under Section 11 681,488 2 3 of the Discharged Soldiers Settlement Amendment Act, 1921-22 .. .. 698,352 6 0 1,688,182 12 6 1,597,247 5 9 Discharged Soldiers Settlement Amendment Act, 1921-22, Sections 4, 11, and 13, — I Receipts from Interests in Land acquired by the Crown under Mortgages securing 15,862 15 6 Advances to Discharged Soldiers .. .. .. .. .. ••. 22,054 18 3 Land Laws Amendment Act, 1927, Section 20, — Discharged Soldiers Settlement Amendment Act, 1923 — Receipts from Interests in Land acquired by the Crown by forfeiture or j operation of law— £ s. d. ! Section 20 (3) —Principal .. .. .. .. 523 7 2 Section 20 (3) —Interest .. .. .. .. 2,244 14 10 j 2,768 2 0 Section 20 (4) .. .. .. .. .. .. .. j 44,304 15 4 Section 20 (5) .. .. .. .. .. .. .. j 165 0 0 47,237 17 4 Receipts under Section 20 (4) of the Discharged Soldiers Settlement Amendment Act, 1923,— Receipts from Interests in Land acquired by the Crown under Mortgages securing 424 0 0 Advances to Discharged Soldiers 6,074 17 10 Interest on Investments .. .. .. .. .. .. .. .. 27,198 12 3 Public Revenues Act, 1926, Section 40,— Interest received on Temporary Transfers to other Accounts .. .. .. I .. 5,635 8 2 27,177 17 7 Suspense Account (receipts awaiting allocation) .. .. .. .. .. 20,739 2 8 l £l,782,986 9 8 Totals .. .. .. .. .. .. .. £2,519,002 6 6 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 19 2 7-1928.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued.

31

1926-1927. 1927-1928. - EXPENDITURE. Gross. Gross. £ s. d. £ s. d. £ s. d. 1,032,210 3 11 Broughtjforward gp .. .. .. .. .. .. 1,350,005 5 2 fe SL fee Amortization of Debt, — || tfa 36,000 0 0 Securities redeemed at Maturity— New Zealand Loans Act, 1908 — Finance Act, 1927, Section 6— Discharged Soldiers Settlement Loans Act, 1920— Due 14th September, 1927 .. .. .. .. .. 3,400 0 0 Due 26th October, 1927 .. .. .. .. .. .. 6,500 0 0 Due 14th November, 1927 .. .. .. .. .. 3,300 0 0 Due 15th January, 1928 .. .. .. .. .. .. 6,350 0 0 19,550 0 0 200 0 0 Securities redeemed and cancelled before maturity in terms of Section 24 of the Finance Act, 1921-22 — Finance Act, 1926, Section 6— Discharged Soldiers Settlement Loans Act, 1920 (due 1st March, 1930) .. 200,000 0 0 Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement), (due 1st March, 1930) .. .. .. .. .. .. 300,000 0 0 New Zealand Inscribed Stock Act, 1917 — Discharged Soldiers Settlement Loans Act, 1920 — 5J per cent. Inscribed Stock, 1930 .. .. •• .. 6,000 0 0 5J per cent. Inscribed Stock, 1933 .. .. .. 70 0 0 506,070 0 0 14,300 0 0 Death-duty Stock redeemed — Discharged Soldiers Settlement Loans Act, 1920, Section 5 (3), and Finance Act, 1927, Section 6— New Zealand Loans Act, 1908— New Zealand Inscribed Stock Act, 1917 —• Discharged Soldiers Settlement Loans Act, 1920 — Matured 18th August, 1927 .. .. .. .. .. 1,000 0 0 Matured 22nd October, 1927 .. .. .. .. .. 6,500 0 0 Matured 8th December, 1927 .. .. .. .. .. 500 0 0 8,000 0 0 50,500 0 0 Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908 — 6 5 0 Discharged Soldiers Settlement Loans Act, 1920 (redemptions) Finance Act, 1918, No. 2, Section 31 (Discharged Soldiers Settlement) 1,000 0 0 (redemptions) 1,006 5 0 Balance at end of Year, — 224,482 2 10 Cash in Public Account .. .. .. .. .. . . .. 284,139 10 2 Imprests outstanding— 7,404 4 8 In the Dominion .. .. .. .. .. .. .. 4,993 2 11 Investment Account — 467,383 13 3 Securities held .. .. .. .. .. .. .. 346,244 8 3 635,377 1 4* 699,270 0 9 £1,782,986 9 8 Totals .. .. .. .. .. .. .. £2,519,002 6 6 ♦ For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be fcund on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

32

DISCHARGED SOLDIERS SETTLEMENT I 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 18,196 12 5 Cash in the Public Account .. .. .. .. .. .. 59,316 8 7 276,850 0 0 Investment Account .. .. .. .. .. .. .. 296,650 0 0 — — 355,966 8 7 295,046 12 5 12,879 1 2 Interest on Investments .. .. .. .. .. .. .. .. 15,534 7 4 Discharged Soldiers Settlement Loans Act, 1920, Section 7, — 50,000 0 0 Transfer from the Consolidated Fund .. .. .. .. .. .. 50,000 0 0 £357,925 13 7 Totals .. .. .. .. .. .. £421.500 15 11 EDUCATION LOANS £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 39,775 10 7 Cash in the Public Account .. .. .. .. .. .. 33,658 4 7 Imprests outstanding-—-379 16 11 In the Dominion .. .. .. .. .. .. .. 233 12 3 Investment Account .. .. .. .. .. .. .. 22,270 0 0 — 56,161 16 10 40,155 7 6 Credits in Reduction of Expenditure under Section 3 of the Education Purposes 4,298 5 10 Loans Act, 1919 .. . ■■ .. .. .. .. .. .. 11,721 3 6 New Zealand Loans Act, 1908, — Education Purposes Loans Act, 1919 — 566,960 0 0 Debentures issued .. .. .. .. .. .. .. 318,360 0 0 Inscribed Stock issued .. .. .. .. .. .. .. 56,640 0 0 375,000 0 0 Public Revenues Act, 1926, Section 40, — Temporary Transfers from other Accounts .. .. .. .. .. .. 160,000 0 0 £611,413 13 4 Totals .. .. .. .. .. .. .. £602,883 0 4 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For tho purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l FPT. 11.

PUBLIC ACCOUNTS, 1 927-1 92 8

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

33

LOANS ACT 1920 DEPRECIATION FUND ACCOUNT. 1926—1927. 1Q27—1Q28 Gross EXPENDITURE, _ uross - Gross. £ fit (I, £ s d £ s d 9 16 0 Commission, Costs, and Expenses of Purchases of Securities for Cancellation Amortization of Debt, — Redemption and Cancellation of Securities in terms of Section 7 of the Discharged | Soldiers Settlement Loans Act, 1920— New Zealand Loans Act, 1908— Discharged Soldiers Settlement Loans Act, 1920— 1,392 7 6 5J-per-cent. Debentures, 1933 (nominal value, £1,000) .. .. .. 993 17 6 New Zealand Inscribed Stock Act, 1917 — Discharged Soldiers Settlement Loans Act, 1920— 557 1 6 Inscribed Stock, 1933 (nominal value, £3,400) .. .. 3 390 8 7 1,949 9 0 4 ' 384 6 1 . Balance at end of Year, — 59,316 S 7 Cash in the Public Account .. .. .. .. .. .. 20 241 9 10 Investment Account— 296,650 0 0 Securities held .. .. .. .. .. .. .. 396,875 0 0 417,116 9 10* 355,966 8 7 £357,925 13 7 [ Totals .. £421,500 15 U * For explanatory statement see page 73. ACCOUNT. £s.d. £ s. d. £ s. d. 505,963 11 6 Expenditure under Section 3 of the Education Purposes Loans Act, 1919.. .. .. 380,200 0 10 Expenditure under Section 16 of the Appropriation Act, 1926, — 49,275 15 0 Land and Buildings for Agricultural College .. Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908— 12 10 0 Education Purposes Loans Act, 1919 (redemptions) . . . . . . 3 18 6 Education Purposes Loans Act, 1919 .. .. .. .. .. j 649 3 9 Education Purposes Loans Act, 1919 (renewals) .. .. .. .. 2 0 0 — 655 2 3 Public Revenues Act, 1926, Section 40,— Interest paid on Temporary Transfers from other Accounts .. .. .. 4,313 8 6 Temporary transfers from other Accounts repaid .. .. 160,000 0 0 164,313 8 6 Balance at end of Year, — 33,65S 4 7 Cash in the Public Account .. .. .. .. .. .. 17,646 12 4 Imprests outstanding—• 233 12 3 In the Dominion .. .. .. .. .. .. .. 67 16 5 Investment Account — 22,270 0 0 Securities held .. .. .. .. .. .. .. 40,000 0 0 57,714 8 9* 56,161 16 10 £611,413 13 4 Totals .. .. .. .. .. .. .. £602,883 0 4 * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I]

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

34

GENERAL PURPOSES 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 6,313 15 11 Cash in the Public Account .. .. .. .. .. .. 5,962 16 1 15,000 0 0 Investment Account .. .. .. .. .. .. .. 20,000 0 0 —— — 25,962 16 1 21,313 15 11 Public Revenues Act, 1926, Section 136 (3), — Repayment of Advances— 4,020 17 10 Flood Relief .. .. .. .. .. .. .. .. 1,963 19 11 50 0 0 Fire Relief .. .. .. .. .. ,. .. .. 151 l 4 In aid of Works of Production— 761 14 5 Moutere Hills Orchardists .. .. .. .. .. 1,101 19 1 123 13 9 Ferngrove Sawmilling Company .. .. .. ,. .. 103 13 8 Assistance to Cider-manufacturers .. .. .. .. .. 100 — 3,321 14 0 4,956 6 0 692 4 10 Repayment of Advances (Waimarino Bush-fire Relief) .. .. .. .. .. 327 1 4 Public Revenues Act, 1926, Section 136 (3), — Interest on Advances— 322 0 3 Flood Relief .. .. .. .. .. .. .. .. 341 16 6 14 0 0 Fire Relief .. .. .. .. .. .. .. .. 57 10 9 In aid of Works of Production— 125 4 2 Moutere Hills Orchardists .. .. .. .. .. .. 107 14 6 6 9 4 Ferngrove Sawmilling Company .. .. .. .. .. 374 — 510 9 1 467 13 9 541 3 0 Interest on Advances (Waimarino Bush-fire Relief) .. .. .. .. .. 1,027 0 9 Realization Suspense Account .. .. .. .. .. .. .. 200 776 12 3 Interest on Investments .. .. .. .. .. .. .. .. 1,206 11 6 £28,747 15 9 Totals .. .. .. .. .. .. .. £32,357 12 9 HAURAKI PLAINS £ a. d. Balance at beginning of Year, — £ s. d. £ s. d. 33,433 17 2 Cash in the Public Account .. .. .. .. .. .. 12,359 2 10 Imprests outstanding— 71 19 10 In the Dominion 12,359 2 10 33,505 17 0 Credits in Reduction of Expenditure under Section 5 of the Hauraki Plains Act, 1908, and Section 93 of the Reserves and other Lands Disposal and Public Bodies 6,977 3 10 Empowering Act, 1916 .. Credits in Reduction of Expenditure under Section 5 (2), of the Hauraki Plains 28 10 7 Amendment Act, 1922 (Maintenance of Completed Works) Credits in Reduction of Expenditure under the Hauraki Plains Act, 1926, — Section 10 (1) (c), Cost of constructing and carrying on Works .. .. 6,069 4 4 Section 10 (1) (e), Maintenance of Works .. .. .. .. .. 14 17 5 Section 10 (1) (/), Expenses of Administration .. .. .. .. 31 0 7 6,115 2 4 Receipts under Section 5 of the Hauraki Plains Act, 1908, — 9,560 17 9 Rents.. 2,294 12 0 Land-sales 1,631 5 0 Miscellaneous 106 8 6 Interest on Sales 13,593 3 3 Hauraki Plains Amendment Act, 1911, Section 3, and Hauraki Plains Amendment Act, 1922, Section 5 (1), — 5,208 11 10 Rate Account .. Hauraki Plains Act, 1926, Section 9,— Subsection (b), Sales of Land .. .. .. .. .. .. 274 15 6 Subsection (c), Rents, Royalties, &c. .. .. .. .. .. 8,343 15 7 Subsection (c), Interest on Sales .. .. .. .. .. .. 55 7 11 Subsection (d), Rates .. .. .. .. .. .. .. 7,056 18 3 Subsection (e), Miscellaneous Receipts .. .. .. .. .. 1,607 16 2 17,338 13 5 Interest on Investments .. .. .. .. .. .. .. .. 209 3 9 New Zealand Loans Act, 1908, — Hauraki Plains Act, 1926 — Debentures issued .. .. .. .. .. .. .. .. 40,000 0 0 Public Revenues Act, 1926, Section 40, — 70,000 0 0 Temporary transfers from other Accounts .. .. .. .. .. .. 15,000 0 0 £69,313 6 6 Totals .. .. .. .. .. .. .. £91,022 2 4 I i — ' 1 ——— i Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-19 28.

Year ended 31st, March, 1928, compared with the Year ended 31st March, 1927—continued.

6 —B. ] [PT. I],

35

RELIEF ACCOUNT. 1926-1927. EXPENDITURE. 1927-1928. Gross. Gross. £ s. d. Public Revenues Act, 1926, Section 136 (3),— £ s. d. £ s. d. 71 14 0 Advances for Flood Relief .. ., .. .. .. .. 100 0 0 907 10 S Advances for Fire Relief In aid of Works of Production— 110 Advances to Moutere Hills Orchardists .. .. .. .. .. 156 1 11 0 Advances to Ferngrove Sawmilling Company 18 3 2 Assistance to Cider Manufacturers .. .. .. .. .. 19 0 1 — : 120 5 7 999 19 8 Public Revenues Act, 1926, Section 139, — 1,785 0 0 Interest recouped to the Consolidated Fund .. .. .. .. .. 2,700 0 0 Balance at end of Year, — 5,962 16 1 Cash in the Public Account .. .. .. .. .. .. 4,537 7 2 Investment Account—■ 20,000 0 0 Securities held .. .. .. .. .. .. .. 25,000 0 0 —— 29,537 7 2* 25,962 16 1 £28,747 15 9 Totals .. .. .. .. .. .. .. £32,357 12 9 * For explanatory statement see page 73. SETTLEMENT ACCOUNT. £ s. d. Expenditure under Section 5 of the Hauraki Plains Act, 1908, and Section 93 £ s. d. £ s. d. of the Reserves and other Lands Disposal and Public Bodies Empowering 50,082 4 8 Act, 1916 Expenditure under Section 5 (2) of the Hauraki Plains Amendment Act, 1922 6,682 9 6 (Maintenance of Completed Works) Expenditure under Section 5 (3) of the Hauraki Plains Amendment Act, 1922 (Re4 0 5 coupment of Rates to the Consolidated Fund) .. .. ,. .. .. J ., Expenditure under Section 4 (2) of the Finance Act, 1924 (Payment for Lands set 147 2 0 apart under the Hauraki Plains Act, 1908) .. .. .. .. .. .. j .. | Hauraki Plains Act, 1926, — Section 10 (1) (c), Cost of constructing and carrying on Works .. .. 38,078 19 8 Section 10 (1) (d), Cost of Acquisition of Land and Compensation for Works on Private Lands .. .. .. .. .. .. .. 359 10 0 Section 10 (1) (e), Maintenance of Works .. .. .. .. .. 7,486 17 9 Section 10 (1) (/), Expenses of Administration .. .. .. .. 1,100 3 8 Section 10 (2), Recoupment of Rates to Consolidated Fund ,. .. ,. 13 2 11 — 1 47,038 14 0 Public Revenues Act, 1926, Section 139, — Interest recouped to the Consolidated Fund .. .. .. .. [ .. 8,000 0 0 Public Revenues Act, 1926, Section 40, — 38 7 1 Interest paid on temporary transfers from other Accounts .. .. . . 587 19 0 Temporary transfers from other Accounts repaid .. .. .. .. 25,000 0 0 25,587 19 0 I Balance at end of Year,— 12,359 2 10 Cash in the Public Account .. .. .. 10,395 9 4* £69,313 6 6 Totals .. .. .. .. .. .. j .. j £91,022 2 4 * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 9 27-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

36

HOWARD ESTATE r ~~~~ 1926-1927. RECEIPTS. 1927-1928. £ 8. d. Receipts under Section 7 of the Howard Estate Act, 1919, — £ s. d. £ s. d. 239 13 11 Amount received from the Public Trustee .. .. .. .. .. .. 239 12 3 Interest on Investments .. .. .. .. .. .. .. .. Oil £239 13 11 Totals .. .. .. .. .. .. .. £239 13 4 HUNTER SOLDIERS £ s. d. Balance at beginning of Year, —• £ s. d. £ s. d. 334 5 11 Cash in the Public Account .. .. .. .. .. .. 684 8 11 2,750 0 0 Investment Account .. .. .. .. .. .. .. 3,050 0 0 — — 3,734 8 11 3,084 5 11 654 1 6 Rents .. .. .. .. .. .. .. .. .. .. 720 18 0 123 13 3 Interest on Investments .. .. .. .. .. .. .. .. 162 18 4 £3,862 0 8 Totals .. .. .. .. .. .. .. £4,618 5 3 HUTT VALLEY LANDS £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. .. 27,170 11 5 Hutt Vallev Lands Settlement Act, 1925, Section 11 (1), — 3,593 19 6 Rents " .. .. .. .. .. •• 805 15 8 28,076 15 0 Sales of Land .. .. .. .. .. .. .. .. 90,304 4 11 7 4 Interest on Sales .. .. ■■ 6,373 2 10 i 97,483 3 5 32,125 1 10 Interest on Investments .. .. .. ■. •. ■ • • • • • 841 2 8 Public Revenues Act, 1926, Section 40, — 45 9 7 Interest received on temporary transfers to other Accounts .. .. .. 365 1 9 Temporary transfers to other Accounts repaid .. .. .. .. 5,000 0 0 5,365 1 9 £32,170 11 5 Totals .. .. .. .. .. .. .. £130,859 19 3 KAURI-GUM INDUSTRY £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 3,441 18 5 Cash in the Public Account .. .. .. .. .. .. 2,365 2 6 Credits in reduction of Expenditure under Section 4 of the Kauri - gum Industry 192 16 5 Amendment Act, 1914 .. .. .. .. .. .. .. .. 103 9 11 6,913 5 2 Sale of Kauri-gum .. .. .. .. .. .. .. .. 3,172 17 2 3 4 6 Miscellaneous Receipts .. .. .. .. .. .. .. .. 030 Interest on Investments .. . . . . . . . . .. . . 106 14 6 £10,551 4 6 Totals .. .. .. .. .. .. .. £5,748 7 1 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I],

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

37

ACCOUNT. 1926—1927. 1Q97 1Q9Q nrn « EXPENDITURE. 19<5 ' 1!WS - Gross - Gross. £ s. d. Expenditure under Section 38 of the Finance Act, 1922, — £ a . £ S- d. 239 13 11 Payment of Rates .. .. .. .. .. ,. ,, _ _ 239 12 3 Balance at end of Year, — .. Cash in the Public Account .. .. .. .. .. .. .. Oil £239 13 11 Totals .. .. .. .. .. , > £239 13 4 ASSISTANCE TRUST ACCOUNT. I £ s. d. Expenditure under Section 6 (a) of the Hunter Gift for the Settlement of Discharged | £ s. d. £ s. d. 32 14 2 Soldiers Act, 1921 .. .. .. .. . . .. ., 36 1 0 Land Act, 1924, Section 139, — 94 17 7 " Thirds " and " Fourths " paid to Local Bodies' Deposit Accounts .. .. .. 103 7 4 Balance at end of Year, — 684 8 11 Cash in the Public Account .. .. .. .. .. .. 428 16 11 Investment Account— 3,050 0 0 Securities held .. .. .. .. .. .. .. 4,050 0 0 4,478 16 11* 3,734 8 11 £3,862 0 8 Totals .. .. .. .. .. .. .. £4,618 5 3 * For explanatory statement see page 73. SETTLEMENT ACCOUNT. £ s. d. Hutt Valley Lands Settlement Act, 1925, Section 11,— i £ s. d. £ s. d. Subsection (2) (a), Repayment of Moneys expended for Acquisition and Prepara- ! tion of Hutt Valley Lands— Land for Settlements Account .. .. .. .. .. 95,366 11 5 Railways Improvement Authorization Act 1914 Account .. .. . . j 11,660 0 0 107,026 11 5 Public Revenues Act, 1926, Section 40,— 5,000 0 0 Temporary transfers to other Accounts Balance at end of Year, — 27,170 11 5 Cash in the Public Account .. .. .. .. .. .. .. 23,833 7 10 £32,170 11 5 Totals .. .. .. .. .. .. .. £130,859 19 3 _ _ __ _ _ _ ACCOUNT. £ s.d. £ s. d. £ s. d. 3,186 2 0 Expenditure under Section 4 of the Kauri-gum Industry Amendment Act, 1914 .. .. 1,476 10 3 Finance Act, 1926, Section 20, — 5,000 0 0 Repayment of Advance made from Ordinary Revenue Account .. .. .. 4,200 0 0 Balance in end of Year, — 2,365 2 6 Cash in the Public Account .. .. . .. .. .. .. 71 16 10* £10,551 4 6 Totals .. .. .. .. .. .. .. £5,748 7 1 * For explanatory statement see page 73. Note. —-In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

13.—1 [PT. I].

PUBLIC ACCOUNTS, 192 7-1 928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

38

LAND ASSURANCE 1926-1927. RECEIPTS. 1927-1928. . : . - - £ >. d. Balance at beginning of Year, — £ s. d. £ s. d. 2,365 9 9 Cash in the Public Account .. .. .. .. .. .. 4,652 2 9 78,400 0 0 Investment Account .. .. .. .. .. .. .. 76,400 0 0 — 81,052 2 9 80,759 9 9 Receipts under Section 185, Land Transfer Act, 1915, — Levy on value of Land brought under the Act .. .. .. .. • • 55 3 2 Receipts under Section 4, Mortgagees Indemnity (Workers' Charges) Act, 1927, — Mortgagees Indemnity Fees .. .. .. .. .. .. • • 1,121 12 0 3,297 18 0 Interest on Investments .. .. .. .. .. .. .. .. 3,411 5 3 £84,057 7 9 Totals .. .. .. .. .. .. .. £85,640 3 2 LAND FOR SETTLEMENTS £ s. d. Balance at beginning of Year, — I £ s. d. £ s. d. 679 15 1 Cash in the Public Account .. .. .. .. .. .. i 21,515 2 4 Imprests outstanding— 5,488 1 6 In the Dominion .. .. .. .. .. .. .. j 837 13 0 127,000 0 0 Investment Account .. .. .. .. .. .. ■■ 141,100 0 0 — I 163,452 15 4 133,167 16 7 Credits-in-Aid, — 22 17 8 Vote—Land for Settlements Expenses Credits in Reduction, — Unauthorized Expenditure— Services not provided for .. .. .. .. .. .. 24 3 10 Credits in reduction of Expenditure on Estates, — 2,042 19 0 Acquirement of Estates .. .. .. .. .. .. .. j 2,452 7 4 11,227 2 5 Expenses incidental to Estates .. .. .. .. .. .. 13,142 15 6 15,595 2 10 13,270 1 5 Recoveries on account of Expenditure of Previous Years .. .. .. .. 18 0 0 Receipts derived from Estates, — 357,322 2 2 Rents .. .. .. .. .. .. .. .. .. 376,475 13 10 53,506 4 7 Sales .. .. .. .. .. .. .. .. .. 51,984 4 7 24,032 17 1 Interest on Sales .. .. .. .. .. .. .. 25,438 9 8 453,898 8 1 434,861 3 10 Land Laws Amendment Act, 1912, Section 5, — 657 6 8 Interest on Sales of Crown Lands .. .. .. .. .. .. 533 10 8 Less Refunds and Adjustments .. .. .. .. .. .. 3,200 4 10* D r . 2,666 14 2 Land Act, 1924, Section 20, — 46,503 8 1 Sale of Crown Lands .. .. .. .. .. .. .. .. 42,275 5 7 I Land Act, 1924, Section 208, — 212 9 0 Receipts on account of Capital Value of Land .. .. .. 628,695 3 3 Carried forward .. .. .. .. ... .. 672,597 1 6 * Includes £3,182 8s. under Section 213, Land Act, 1924. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B. —1 [PT. I].

PUBLIC ACCOUNTS, 1927-19 28.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

39

FUND ACCOUNT. 1926-1927. 1927-1928. Gross. I EXPENDITURE. Gross> I s. d. Expenditure under Section 188 of the Land Transfer Act, 1915, — £ s. d. £ s. d. 5 5 0 Claims admitted and paid from the Fund .. .. .. .. .. .. 225 0 0 Expenditure under Section 190 (4) of the Land Transfer Act, 1915, — Costs incurred by the Registrar-General .. .. .. .. .. .. 14 7 0 Expenditure under Section 18 of the Finance Act, 1924, — Expenses of carrying into effect the provisions of the Land Transfer (Compulsory 3,000 0 0 Registration of Titles) Act, 1924 .. .. .. .. .. .. 3,000 0 0 Balance at end of Year, — 4,652 2 9 Cash in the Public Account .. .. .. .. .. .. 800 16 2 Investment Account—■ 76,400 0 0 Securities held .. .. .. .. .. .. .. 81,600 0 0 — 82,400 16 2* SI,052 2 9 £84,057 7 9 Totals .. £85,640 3 2 * For explanatory statement see page 73. ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 3,127 17 4 Vote—Land for Settlements Expenses .. .. .. .. .. 3,569 16 3 Unauthorized Expenditure,— 45 0 0 Services not provided for .. .. .. .. .. .. 24 3 10 3,594 0 1 3,172 17 4 Expenditure under the Land for Settlements Act, 1925, Section 45, — 88,030 11 9 Acquirement of Estates .. .. .. .. .. .. .. 22,552 1 10 76,692 11 5 Expenses incidental to Estates .. .. .. .. .. .. 113,495 0 8 136,047 2 6 164,723 3 2 Expenditure under Section 8 (2) of the Rangitaiki Land Drainage Act, 1910, — Acquisition of Land for Settlement .. .. .. .. .. .. 76 13 2 Land Laws Amendment Act, 1927, Section 20, —- Discharged Soldiers Settlement Amendment Act, 1923 — Amounts recouped to Discharged Soldiers Settlement Account in respect of Amount added to the Capital Value of Land—• 370 0 0 Section 20 (4) .. .. .. .. .. .. .. 32,284 6 9 Section 20 (5) .. .. .. .. .. .. .. 165 0 0 32,449 6 9 Land Act, 1924,— Expenditure under — Section 20 (3), Payment in respect of Land obtained for Government Works 40 0 0 now deemed to be Settlement Land .. .. .. .. .. 3,707113 38 0 0 Section 83 (3), Payment in respect of Value of Improvements .. .. 1,505 0 0 — 5,212 11 3 78 0 0 — —- Land Act, 1924, Section 139,— 97 18 1 " Thirds " and " Fourths " paid over to Local Bodies' Deposit Accounts .. .. 113 9 11 203 18 4 Interest under Section 208 (8) of the Land Act, 1924 .. .. .. .. .. 247 1 5 Land for Settlements Act, 1925, — Expenditure under Section 49 (4) —Amount appropriated from Sale of Crown 250 0 0 Lands in Payment for Settlement Land converted into Ordinary Crown Land.. .. 228 16 1 Land for Settlements Act, 1925,— Expenditure under Section 105—Payment in respect of Crown Lands proclaimed 307 15 0 Land for Settlement Lands .. .. .. .. .. .. .. 73 13 6 Expenditure under the Reserves and other Lands Disposal and Public Bodies' Empowering Act, 1925, Section 18 (1) (6), — 2,304 10 1 Expenses in connection with the acquirement of land .. .. .. .. 9 5 0 Land Laws Amendment Act, 1926, Section 13, — Interest on Amount paid into Land for Settlements Account as Capital 22,000 0 0 Proceeds from Sales of Crown Lands .. .. .. .. .. .. j 33,803 19 4 | Te Wera Farm Account, — Expenditure .. .. .. .. .. .. .. .. .. 18,412 3 1 Finance Act, 1926, Section 23 (4), — Recoupment of Stamp Duty on Transfers of New Zealand Consolidated Stock, 1944— New Zealand State-guaranteed Advances Acts, 1909-10 — 6 8 3 Land for Settlements Branch .. .. .. .. ..j .. j 638 Public Revenues Act, 1926, Section 139, —■ 357,630 11 6 Interest recouped to the Consolidated Fund .. .. .. .. .. 357,449 8 4 New Zealand Loans Act, 1908, Section 26, — 322 19 10 Recoupment of Management Charges of New Zealand Consolidated Stock .. .. 1,297 15 9 551,468 1 7 Carried forward .. .. .. .. .. .. i 589,021 9 10 __ : __ Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing ths net expenditure will be shown on page 74.

B.—l [FT. I]

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the

40

LAND FOR SETTLEMENTS 1926-1927. J RECEIPTS 1927-1928. £ s. d. £ a. d. £ s. d. 628,695 3 3 Brought forward .. .. .. .. .. .. 672,597 1 6 Hutt Valley Laud Settlement Act, 1925, Section 11 (2), (a), — Amount received from Hutt Valley Land Settlement Account in respect of Purchasemoneys expended for the acquisition of Land subject to the Act, or in respect of the preparation of the Land for disposal .. .. .. .. .. 95,366 11 5 Receipts on account of Farm Accounts, — Te Wera Estate .. .. .. .. .. .. .. .. 7,180 13 2 Land for Settlements Act, 1925, —■ Amounts received in respect of settlement land converted into ordinary Crown Land or National Endowment Land— 1,103 12 0 Receipts under Section 49, Subsections (2) and (3) .. .. .. 1,111 1 9 250 0 0 Receipts under Section 49, Subsection (4) .. .. .. .. 60 0 0 — 1,171 1 9 1,353 12 0 I 5,096 0 10 Interest on Investments .. .. .. .. .. .. .. .. 6,997 15 7 Public Revenues Act, 1926, Section 40, — Interest received on temporary transfers to other Accounts .. .. .. .. 410 6 0 New Zealand Loans Act, 1908, — Land for Settlements Act, 1925, Section 44— 100,000 0 0 Debentures issued £735,144 16 1 Totals .. .. .. .. .. .. •• £783,723 9 5 LAND FOR SETTLEMENTS ACCOUNT £ s. d. Balance at beginning of Year, —- £ s. d. £ s. d. 20,414 14 8 Cash in the Public Account .. .. .. .. .. .. 23,273 11 6 Imprests outstanding— 858 7 10 In the Dominion 50,000 0 0 Investment Account .. .. .. .. .. .. .. 95,000 0 0 — 118,273 11 6 71,273 2 6 Credits-in-aid,— Vote—Land for Settlement of Discharged Soldiers: Expenses .. .. .. 637 11 0 Credits in reduction of Expenditure on Estates, — 112 19 9 Acquirement of Estates .. .. .. .. .. .. .. 353 0 0 895 17 8 Expenses incidental to Estates .. .. .. .. .. .. 156 2 5 509 2 5 1,008 17 5 Receipts derived from Estates, — 70,899 5 0 Rents.. .. .. .. .. .. .. .. .. 72,829 17 3 3,567 10 3 Sales .. .. .. .. .. .. .. .. .. 1,078 16 4 430 9 11 Interest on Sales .. .. .. .. .. . ■ • • 494 8 11 74,403 2 6 74,897 5 2 Land for Settlements Act, 1925, — Amounts received in respect of Settlement Lands converted into Ordinary Crown Land or National Endowment Land— 54 0 0 Receipts under Section 49, Subsections (2) and (3).. Receipts under Section 49, Subsection (4) .. .. .. .. 168 16 1 168 16 1 54 0 0 1,797 12 11 Interest on Investments .. .. .. .. .. .. •• •• 5,465 2 6 Public Revenues Act, 1926, Section 40,— 87 13 4 Interest received on temporary transfers to other Accounts .. .. .. 1,365 9 7 Temporary Transfers to other Accounts — j Adjustment consequent on Finance Act, 1927 (No. 2), Section 16 .. .. 20,000 0 0 21,365 9 7 £149.118 11 4 Totals .. .. .. .. .. .. .. £220,822 15 7 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown a? receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

41

ACCOUNT—continued. l92 r^ 1927 - EXPENDITURE. 1928 * Gross. Gross. £ s. d. £ s. d. £ s. d. 551,468 1 7 j Brought forward .. .. .. .. .. .. 589,021 9 10 ' Land for Settlements Act, 1925, Section 45 (1) (b) and (3), — Recoupment to Ordinary Revenue Account of Amount charged thereto for 465 16 8 Reduction of Funded Debt .. .. .. .. .. .. .. 489 g 10 ! Finance Act, 1927 (No. 2), Section 23 (21, — Refund to Consolidated Fund .. .. .. .. .. .. 5,094 8 4 Refund to Public Works Fund (General Purposes Account) .. .. .. 2,513 17 8 7,608 6 0 Debentures redeemed at Maturity,— 19,500 0 0 Land for Settlements Act, 1925, Section 45 (1) (b) Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908— 258 2 6 Land for Settlements Act, 1908 (Redemptions) .. .. .. .. 0 12 6 Land for Settlements Act, 1925 (Renewals) .. .. .. .. 1 10 0 2 2 6 Balance at end of Year, — 21,515 2 4 Cash in the Public Account .. .. .. .. .. .. 6,277 5 3 Imprests outstanding— 837 13 0 In the Dominion .. .. .. .. .. .. Investment Account— 141,100 0 0 Securities held .. .. .. .. .. .. .. 180,325 0 0 — i 186,602 5 3* 163,452 15 4 , £735,144 16 1 | Totals .. .. .. .. .. .. .. £783,723 9 5 1 * For explanatory statement see page 73. (Discharged Soldiers Settlement Account). £ 8. d. | Annual Appropriation,— £ s. d. j £ s. d. 2,658 1 1 | Vote —Land for Settlement of Discharged Soldiers: Expenses .. .. .. 1,362 13 7 j Expenditure under the Land for Settlements Act, 1925, Section 45, — 600 0 0 j Acquirement of Estates 7-, 532 18 9 i Expenses incidental to Estates .. .. .. .. .. .. 11,439 5 8 1 11,439 5 8 8,132 18 9 j Expenditure under Section 20 (4) of the Discharged Soldiers Settlement Amendment Act, 1923,— Payment to Discharged Soldiers Settlement Account in respect of Amount added 54 0 0 to Capital Value of Land Land Laws Amendment Act, 1927, Section 20, — Discharged Soldiers Settlement Amendment Act, 1923, Section 20 (4) — Amount recouped to Discharged Soldiers Settlement Account in respect of Amount added to Capital Value of Land .. .. .. .. . 6,130 18 1 Public Revenues Act, 1926, Section 139, — Interest recouped to the Consolidated Fund ! 50,000 0 0 Amortization of Debt, — Securities redeemed and cancelled in terms of Section 24 of the Finance Act, 1921-22— Finanoe Act, 1927, Section 6— Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st September, 1931) .. .. .. .. .. .. .. .. 100,000 0 0 Public Revenues Act, 1926, Section 40, — 20,000 0 0 Temporary transfers to other Accounts Balance at end of Year, — 23,273 11 6 Cash in the Public Account .. .. .. .. .. .. 6,889 18 3 Investment Account— 95,000 0 0 Securities held .. .. .. .. .. .. .. 45,000 0 0 — 51,889 18 3*1 118,273 11 6 £149,118 11 1 Totals .. .. .. .. .. .. .. £220,822 15 7 * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from expenditure as prior to 1924 25. For the purposes of comparison a summary showing the net expenditure wil] be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927- 1 928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the

42

LAND FOR SETTLEMENTS ACCOUNT 1926-1927. RECEIPTS. 1927-1928. £ 8. d. Balance at beginning of Year, — £ s. d. £ s. d. 6,602 11 0 Cash in the Public Account .. .. .. .. .. .. .. 9,060 3 11 Credits-in-aid, — 1,254 15 7 Vote —Opening up Land for Settlements .. .. .. .. .. .. 238 2 2 3 5 4 Recoveries on Account of Expenditure of previous Years Land for Settlements Act, 1925, — 15,168 11 7 Receipts under Section 47 .. .. .. .. .. .. .. 13,707 17 2 Interest on Investments .. .. .. .. .. .. .. .. 344 18 9 £23,029 3 6 Totals .. .. .. .. .. .. .. £23,351 2 0 LOANS REDEMPTION £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 18,508 15 5 Cash in the Public Account .. .. .. .. .. .. .. 239 3 2 New Zealand Inscribed Stock Act, 1917, Section 3, — 169,580 0 0 Inscribed Stock issued in conversion of Bonds, as per contra .. .. .. .. 307,450 0 0 118,900 0 0 Debentures issued in conversion of Inscribed Stock .. .. .. .. .. 357,000 0 0 Inscribed Stock, 1930, free of Income-tax, issued in conversion of 55,940 0 0 Securities free of Income-tax 5-per-cent. Inscribed Stock, 1941, not free of Income-tax, issued in conversion of 27,620 0 0 Securities free of Income-tax 5,150 0 0 Inscribed Stock issued in conversion of Death-duty Stock, as per contra .. .. 14,150 0 0 Finance Act, 1922, Section 3 (5), — Inscribed Stock issued in replacement of Stock Certificates .. .. .. .. 1,300 0 0 f~~ 1,020 0 0 Inscribed Stock issued in replacement of Death-duty Stock, as per contra,— Discharged Soldiers Settlement Loans Act, 1920, Section 5 (6) .. . . 2,600 0 0 Finance Act, 1917, Section 76 (4) . . .. .. .. . . .. 1,700 0 0 j Finance Act, 1918, Section 15 (6) .. .. .. .. .. 500 0 0 Finance Act, 1925, Section 3 .. .. .. .. .. .. 4,800 0 0 9,600 0 0 1,900 0 0 Public Revenues Act, 1926, Section 143, — Inscribed Stock issued in replacement of Lost Bonds.. . . . . .. . . 250 0 0 New Zealand Loans Act, 1908, — 47,600 0 0 Inscribed Stock issued for redemption of Death-duty Stock, as per contra .. .. 22,000 0 0 446,218 15 5 Carried forward .. .. .. .. .. .. 711,989 3 2 Note.— In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

PUBLIC ACCOUNTS, 1927-1 928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

7—B. 1 [PT. I].

43

B.—l [PT. 11.

(Opening up Crown Lands for Settlement). 1926-192/. 1Q97—1Q9R Grn „ EXPENDITURE. lval bross - Gross. £ s. d. Annual Appropriation,— £ s d. £ s d 13,968 19 7 Vote—Opening up Land for Settlements .. .. .. .. .. .. | (; 574 j'g <j I Public Revenues Act, 1926, Section 139, — ' Interest recouped to the Consolidated Fund .. .. .. .. .. 8 j45 19 4 Balance at end of Year, — 9,060 3 11 Cash in the Public Accouut, .. .. .. .. 8 630 3 11 Imprests outstanding— In the Dominion .. .. .. .. .. .. j | i 8,630 3 11 £23,029 3 6 Totals .. .. .. .. . t _ | £23 2 0 ACCOUNT. "• | £ s. d. £ s. d. New Zealand Inscribed Stock Act, 1917, Section 3, — 169,580 0 0 | Bonds and Debentures converted into Inscribed Stock .. .. .. 307,450 0 0 4J-per-cent. Securities free of Income-tax converted into 4|-per-cent. Inscribed 55,940 0 0 | Stock free of Income-tax .— 4J-per-cent. Securities free of Income-tax converted into 5-per-cent. Inscribed 27,620 0 0 Stock, 1941, not free of Income-tax 118,900 0 0 Inscribed Stock converted into Debentures .. .. .. .. .. .. 357,000 0 0 5,150 0 0 Inscribed Stock (Death Duties) converted into Inscribed Stock .. .. .. 14,150 0 0 Finance Act, 1922, Section 3 (5), —- Stock Certificates replaced bv Inscribed Stock .. .. .. .. .. 1,300 0 0 1,020 0 0 Inscribed Stock (Death Duties) replaced by Inscribed Stock, — Finance Act, 1925, Section 3 .. .. .. .. .. .. 4,800 0 0 Finance Act, 1917, Section 76 (4) .. .. .. .. .. .. 1,700 0 0 Finance Act, 1918, Section 15 (6) .. .. .. .. .. .. 500 0 0 Discharged Soldiers Settlement Loans Act, 1920, Section 5 (6) .. ,. 2,600 0 0 — — 9,600 (I 0 Public Revenues Act, 1926, Section 143, —• 1,900 0 0 Bonds lost and replaced by Inscribed Stock .. .. .. ... .. 250 0 0 tt New Zealand Loans Act, 1908, — 47,600 0 0 Death Duty Stock redeemed at Maturity .. .. ,. .. .. .. 22,000 0 0 427,710 0 0 Carried forward .. .. .. .. .. .. ' 711,750 0 0 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure arc shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be fcund on page 74.

B.—l [PT. IJ.

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

44

1962-1927. RECEIPTS. 1927-1928. . ! • - — £ s. d. £ s. d. £ s. d. 446,218 15 5 Brought forward .. .. .. .. .. .. 711,989 3 2 New Zealand Loans Act, 1908, — Consolidated Stock issued for redemption of Debentures before Maturity .. 500,000 0 0 Premium on Issue .. .. .. .. .. .. ..I 2,500 0 0 l 502,500 0 0 26,350 0 0 Inscribed Stock issued for redemption of Debentures at Maturity .. .. .. 310,950 0 0 324,530 0 0 Inscribed Stock issued for redemption of Debentures before Maturity .. .. .. j 474,800 0 0 5,900 0 0 Inscribed Stock (Death Duties) issued for redemption of Debentures before Maturity .. 500 0 0 1 1 Inscribed Stock (Death Duties) issued for redemption of Debentures at Maturity .. 600 0 0 Inscribed Stock issued for redemption of Securities at Maturity .. .. .. 125,000 0 0 368,660 0 0 Inscribed Stock issued for redemption of Inscribed Stock at Maturity .. .. .. 1,480 0 0 100 0 0 Inscribed Stock (Death Duties) issued for redemption of Inscribed Stock at Maturity Inscribed Stock issued for redemption of Stock Certificates .. .. .. .. 500 0 0 Inscribed Stock issued in renewal of Inscribed Stock Matured.. .. .. .. 903,420 0 0 Inscribed Stock (Death Duties) issued in renewal of Inscribed Stock Matured .. .. 1,850 0 0 Treasury Bills issued for redemption of Securities at Maturity.. . . . . . . 400,000 0 < I 2,300,000 0 0 Treasury Bills issued for redemption of Treasury Bills at Maturity Treasury Bills issued for redemption of Debentures before Maturity .. .. .. 1,700,000 0 0 135,850 0 0 Debentures issued for redemption of Debentures at Maturity .. .. .. .. 19,200 0 0 3,607,608 15 5 Carried forward .. .. .. .. 5,152,789 3 2 Nots.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74-

B.—l r? T . n.

PUBLIC ACCOUNTS, 1927 - 1 928.

LOANS REDEMPTION ACCOUNT —continued.

45

1926-1927. ♦ 1927-1928. Gross. EXPENDITURE. Gross> £ s. d. £ s. d. £ s. d. 427,710 0 0 Brought forward .. .. .. .. .. .. 711,750 0 0 Finance Act, 1921-22, Section 24, — 761,517 14 11 Securities redeemed and cancelled before Maturity .. .. .. .. i .. 3,943,290 0 0 New Zealand Loans Act, 1908, — 162,200 0 0 Debentures redeemed at Maturity .. .. .. .. .. .. j 848,870 0 0 « New Zealand Inscribed Stock Act, 1917, — Stock Certificates redeemed at Maturity .. .. .. .. .. .. 730 0 0 I | ?,351,427 14 11 Carried forward .. .. .. .. .. .. 5,504,640 0 0 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924—25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

n. JIY i].

PUBLIC ACCOUNTS, 19 2 7-19 28.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

46

I 1926-27. RECEIPTS. 1927-28. £ s. d. £ s. d. £ s. d. 3,807,608 15 5 " Brought forward -— .. 5,152,789 3 2 New Zealand Loans Act, 1908, — Debentures issued for Redemption of Securities at Maturity .. .. .. .. 404,780 0 0 91,700 0 0 Debentures issued for Redemption of Inscribed Stock at Maturity .. .. .. 174,800 0 0 1,400,000 0 ft j Debentures issued for Redemption of Treasury Bills at Maturity .. .. .. 1,050,000 0 0 373,000 0 0 Debentures issued for Redemption of Debentures before Maturity .. .. .. 1,268,860 0 0 57,970 ft ft Debentures issued for Redemption of Inscribed Stock before Maturity .. .. 900,950 0 0 Debentures issued in Renewal of Debenture Loans Matured .. .. .. .. 4,899,466 0 0 Finance Act, 1925, Section 13, — Amount received in respect of War Expenses to be applied in repayment of War Loans— 80,249 1 2 Subsection (2), Miscellaneous War Receipts .. .. .. .. 1,836 11 9 38,379 19 10 Subsection (3), Repatriation Receipts paid in by State Advances Office .. 27,992 16 1 29,829 7 10 124,629 1 0 Public Revenues Act, 1926, Section 135 (4), — Debentures presented to the New Zealand Government by Anonymous Donor by way of Gift — 100 ft 0 War Purposes Loan Act, 1917 .. Public Revenues Act, 1926, Section 135 (2), — 419,159 5 8 Amount received on account of New Zealand Share of German Reparations .. 248,161 14 5 Amount received from Public Trustee on account of Reparations and Settlement 100,000 0 ft of ex-Enemy Debts and Properties .. .. .. .. .. 96,000 0 0 — — 344,161 14 5 519,159 5 8 Portion of Amount advanced to the High Commissioner for redemption of Debentures at Maturity, repaid to Public Account, not required,— Westport Harbour Board Act, 1920, and Westport Harbour Board Act, 1884 .. .. 100 0 0 Amount received from State Advances Office for redemption and cancellation of 17 14 11 Securities in terms of Section 24 of the Finance Act, 1921-22 Adjustment of Amount wrongly debited during Financial Year 1925-26, — Securities redeemed and cancelled in terms of Section 24 of the Finance Act, 1921-22— New Zealand Loans Act, 1908— 271 16 11 New Zealand Consolidated Stock, 1940 (Nominal Amount —Nil) 1 Adjustment of Amount wrongly debited during Financial Year 1925-26, — Securities redeemed and cancelled in terms of Section 24, Finance Act, 1921-22—• New Zealand Loans Act, 1908— 31 5 2 New Zealand Consolidated Stock, 1929 Totals .. .. .. .. .. .. .. .. £13,324,786 5 5 1 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison, a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

LOANS REDEMPTION ACCOUNT —continued.

47

1926-27. 1927-28 Gross. EXPENDITURE GrQss _ £ 8. d. £ s. d. £ s. d. 1,351,427 14 11 Brought forward .. .. .. .. .. .. 5,504,640 0 U New Zealand Loans Act, 1908, — 465,460 0 0 Inscribed Stock redeemed at Maturity .. .. .. .. .. .. 568,830 0 0 3,700,000 0 0 Treasury Bills redeemed at Maturity .. .. .. .. .. .. 1,050,000 0 0 War Credits applied in redemption of Loans in terms of Section 13 (1) of the Finance 143,027 8 4 Act, 1925,— Securities redeemed at Maturity— J— Debentures .. .. .. .. .. .. .. .. 22,400 0 0 Inscribed Stock .. .. .. .. .. .. .. 3,000 0 0 25,400 0 0 Reparation Moneys applied in redemption of Loans in terms of the Public Revenues 519,022 19 11 Act, 1926, Section 135 (3),— Securities redeemed at Maturity,— Debentures .. .. .. .. .. .. .. .. j 105,380 0 0 Inscribed Stock .. .. .. .. .. .. .. 57,890 0 0 Death Duty Stock .. .. .. .. .. .. .. 19,350 0 0 182,620 0 0 Securities redeemed and cancelled before Maturity in terms of Section 24, Finance j Act, 1921-22,— Debentures .. .. .. .. .. .. .. .. 72,073 8 9 Inscribed Stock .. .. .. .. .. .. .. | 81,963 16 0 j 154,037 4 9 New Zealand Loans Act, 1908,— 900,950 0 0 Debentures redeemed by Renewal .. .. .. .. .. .. 4,899,466 0 0 - . I ] Inscribed Stock redeemed by Renewal .. .. .. .. .. .. 905,270 0 0 New Zealand Loans Act, 1908, — Charges and Expenses of raising Loans— Finance Act, 1920, Section 15 (Public Works), (redemptions) .. .. 2,500 0 0 Stamp Duty on transfers of Now Zealand Consolidated Stock, 1935-45 — 7 10 8 Aid to Public Works and Land Settlement Act, 1902 (redemptions) .. .. 10 2 5 2,510 2 5 Adjustment of Amount wrongly credited during Financial Year 1925-26, — Transfer from other Accounts for redemption and cancellation of Securities in terms of Section 24 of the Finance Act, 1921-22-— New Zealand Loans Act, 1908— 271 16 11 New Zealand Consolidated Stock, 1940 (Nominal Amount—Nil) .. Adjustment of Amount wrongly credited during Financial Year 1925-26, — Transfer from other Accounts for redemption and cancellation of Securities in terms of Section 24 of the Finance Act, 1921-22— New Zealand Loans Act, 1908 — 31 5 2 New Zealand Consolidated Stock, 1929.. .. .. .. .. .. ' ■ 1 Balance at end of Year, — 239 3 2 Cash in the Public Account .. .. .. .. .. .. .. i 32,012 18 3 —— — I— £7,080,437 19 1 Totals .. .. .. .. .. .. .. £13,324,786 5 5 Note. — In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1925.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

48

I 1926-1927. RECEIPTS 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 2,608 13 5 Cash in the Public Account .. .. .. .. .. .. 98,532 8 3 Imprests outstanding— In the Dominion .. .. .. .. .. .. 58 19 2 0 16 In London .. .. .. .. .. .. .. .. 1,448 0 0 652,000 0 0 i Investment Account .. .. .. .. .. .. .. 652,900 0 0 752,939 7 5 654,608 14 11 Credits-in-Aid, — 22,061 5 6 Vote—Maintenance of Main Highways .. .. .. .. .. .. 29,880 2 3 28 12 0 Recoveries on account of Expenditure of previous Years Main Highways Act, 1922, Section 14,— Amounts transferred from the Consolidated Fund — 35,000 0 0 Subsection (a) —Amount voted .. .. .. .. .. .. 35,000 0 0 190,574 16 7 Subsection (6) —Customs duty on tires .. .. .. .. .. 227,451 3 2 ■395,797 5 1 Subsection (c) —Fees and fines under Section 24 of the Motor-vehicles Act, 1924 345,509 11 1 Subsection (e) —Interest on moneys expended on purchase of plant supplied to 20 0 0 Local Bodies in terms of the Main Highways Amendment Act, 1925, Section 10 2,350 15 6 —— 610,311 9 9 621,392 1 8 Motor-spirits Taxation Act, 1927, Section 9 (lj,— Tax on Motor-spirits —92 per cent, of net tax transferred from the Consolidated Fund .. 130,460 17 7 30,572 5 6 Interest on Investments—Revenue Fund .. .. .. .. .. 31,275 4 9 ' 4,022 3 6 Interest on Investments—Construction Fund .. .. .. 2,907 6 1 £1,332,685 3 1 Totals .. .. .. .. .. .. .. £1,557,774 7 10 ~ , — ~ Note.—In these accounts the oredits-iu-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1927-1928.

MAIN HIGHWAYS ACCOUNT REVENUE FUND.

49

1926-1927. 1927-1928. Gross. EXPENDITURE. £ s. d. Annual Appropriation,— £ s. d. ! £ s. d. ■551,490 15 9 Vote —Maintenance of Main Highways .. .. .. .. .. .. 601,824 15 9 Expenditure under Section 20 of the Finance Act, 1925, — 1,807 0 0 Subsection (2) (a), Payments to Taranaki, Hawera, and Eltham County Councils .. 1,807 0 0 Expenditure under the Main Highways Amendment Act, 1926, Section 2, — Advances to Local Authorities .. .. .. .. .. .. .. 1,750 0 0 Main Highways Act, 1922, Section 15 (2), — Amount transferred to Construction Eund .. .. .. ,. .. .. 300 000 0 0 i New Zealand Loans Act, 1908, Section 26, — Recoupment of Management Charges of Consolidated Stock on account of 28 11 7 Const ruction Fund .. .. .. .. .. .. .. .. 327 0 2 Public Revenues Act, 1926, Section 139, — 26,209 7 10 Interest recouped to the Consolidated Fund .. .. .. .. .. 28,929 11 10 Charges and Expenses of raising Loans, — 210 0 6 Main Highways Act, 1922 .. .. .. .. .. .. .. 250 0 0 Balance at end of Year, — 98,532 8 3 Cash in the Public Account .. .. .. .. .. .. 377,859 4 10 Imprests outstanding — 58 19 2 In the Dominion .. .. .. .. .. .. .. 2,126 15 3 1,448 0 0 In London Investment Account— 652,900 0 0 Securities held .. .. .. .. .. .. .. 242,900 0 0 j 622,886 0 1* 752,939 7 5 £1,332,685 3 1 Totals .. .. .. .. .. .. .. £1,557,774 7 10! ! , ij , ' ■—1 * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I]

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1925, compared with the Year ended 31st March, 1927—continued.

50

1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 10,466 4 0 Cash in the Public Account .. .. .. .. .. .. 62,321 2 9 Imprests outstanding— 15,990 18 9 In the Dominion .. .. .. .. .. .. .. 3,238 7 9 3,646 18 9 In London .. .. .. .. .. 90,000 0 0 Investment Account .. .. .. .. .. .. .. 5,000 0 0 70,559 10 6 120,104 1 6 Credits-in-Aid — 54,921 8 1 Vote —Main Highways .. .. .. .. .. .. .. .. 60,813 2 8 104 8 4 Recoveries on account of Expenditure of previous Years .. .. .. .. 8 14 6 Main Highways Act, 1922, Section 15 (2), — Transfer from Revenue Fund .. .. .. .. .. .. .. 300,000 0 0 Main Highways Act, 1922, Section 16, (b), — 400,000 0 0 Amount transferred from Public Works Fund: General Purposes Account .. .. 200,000 0 0 New Zealand Loans Act, 1908, — Main Highways Act, 1922— 100,000 0 0 Debentures issued .. .. .. .. .. .. Inscribed Stock issued .. .. .. .. .. .. 50,000 0 0 50,000 0 0 £675,129 17 11 Totals .. .. .. .. .. .. .. £681,381 7 8 MINING ADVANCES £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 2,646 0 5 Cash in the Public Account .. .. .. .. .. .. 6,612 4 8 10 000 0 0 Investment Account .. .. .. .. .. .. .. 7,000 0 0 ' — 13,612 4 8 12,64 1 0 5 Mining Amendment Act, 1913, Section 4, Subsection (5), — 15 0 0 Repayment of Advances Dr. 0 1 11 Interest on Advances 14 18 1 Mining Act, 1926, Section 383 (5), — 5,666 16 0 Repayment of Advances .. .. .. .. .. .. .. 1,075 0 0 264 6 5 Interest on Advances .. .. .. .. .. .. .. 351 2 8 j 1,426 2 8 5,931 2 5 357 3 5 Interest on Investments .. .. .. .. .. .. .. .. 447 12 10 Public Revenues Act, 1926, Section 40, — Interest received on Temporary Transfers to other Accounts .. .. .. .. I 132 14 3 £18,949 4 4 Totals .. .. .. .. .. .. .. j £15,618 14 5 Mote. In these accounts the credits-in aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure &re shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l TPT. I].

PUBLIC ACCOUNTS, 1927-1928.

MAIN HIGHWAYS ACCOUNT CONSTRUCTION FUND.

B—B. 1 [PT. I].

51

| 1926 1927. EXPENDITURE 1927-1928. Gross. | Gross. £ s. d. Annual Appropriation,— £ s. d. [ £ s. d. 604,570 7 5 Vote—Main Highways .. .. .. .. .. .. .. .. j 608,810 10 2 I 1 I - ' * ' j Balance at end of Year, — j ! 62,321 2 9 Cash in the Public Account .. . .. .. .. .. j 68,746 14 8 Imprests outstanding — 3,238 7 0 In the Dominion .. .. .. .. .. .. .. 3,824 2 10 5,000 0 0 Investment Account .. .. .. .. ... .. .. —— i j 1 72,570 17 6 70,559 10 6 | . £675,129 17 11 Totals .. .. .. .. .. .. .. £681,381 7 8 ACCOUNT. £ s. d. £ s. d. £ s. d. j 109 1 8 Advances under Subsection (6) (6) of Section 4 of the Mining Amendment Act, 1913 | ■ Expenditure under Subsection (6) (e) of Section 4 of the Mining Amendment Act, 1913,— 12 0 Administration Expenses Mining Act, 1926, Section 383 (6) (b), — 5,226 16 0 Advances for the development of mining .. .. .. .. .. .. 102 16 11 Public Revenues Act, 1926, Section 139, — Interest recouped to the Consolidated Fund .. .. .. .. .. 900 0 0 Balance at end of Year, — 6,612 4 8 Cash in the Public Account .. .. .. .. .. .. 7,615 17 6 Investment Account— 7,000 0 0 Securities held .. .. .. .. .. .. .. 7,000 0 0 — 14,615 17 6* 13,612 4 8 £18,949 4 4 Totals .. .. .. .. .. .. .. , £15,618 14 5 * For explanatory statement see page 73. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act. 192ft) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purpose of comparison a summary showing the net expenditure will be found on page 74.

B—l [Pt. T].

PUBLIC ACCOUNTS, 192 7-192 8.

STATEMENT of the RECEIPTS AND EXPENDITURE of SEPARATE ACCOUNTS for the

52

NATIONAL ENDOWMENT 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 26,393 9 8 Cash in the Public Account .. .. .. . .. .. 43,212 1 10 100,100 0 0 Investment Account .. .. .. .. .. .. .. 86,100 0 0 i 129,312 1 10 126,493 9 8 134,208 17 7 Rents, &e., from National Endowment Lands.. .. .. .. .. .. 124,524 1 8 Land Act, 1924, Section 302 (9), — 1,678 17 11 Interest on Sales of Land .. .. .. .. .. .. .. 2,]48 9 4 2,714 6 11 Interest on Investments .. .. .. .. .. .. .. j .. 3,377 13 3 809 9 11 Interest on Investments : National Endowment Trust Account .. .. .. .. 1,076 4 9 Public Revenues Act, 1926, Section 40, — 27 12 4 Interest received on Temporary Transfers to other Accounts .. .. .. 136 11 0 Temporary Transfers to other Accounts— Adjustment consequent on Einance Act, 1927 (No. 2), Section 16 .. .. ! 4,000 0 0 ' | 4,136 11 0 ! Amount transferred from State Forests Account in terms of Section 39 (2) of the 15,658 15 4 Forests Act, 1921-22 .. .. .. .. .. .. .. .. ! 13,884 15 9 J £281,591 9 8 l Totals .. .. .. .. .. .. .. £278,459 17 7 NATIONAL ENDOWMENT £ s. d. Balance at beginning of Year — £ s. d. £ s. d. 516 7 6 Cash in the Public Account .. .. .. .. .. .. 5,448 13 8 19,690 0 0 Investment Account .. .. .. .. .. .. .. 19,690 0 0 25,138 13 8 20,206 7 6 Land Act, 1924, Section 302 (10), — 4,953 13 6 Sales of Land .. .. .. .. .. .. .. .. .. 8,551 14 9 Land Laws Amendment Act, 1920, Section 11 (9), — 85 8 6 Interest on Sales .. .. .. .. .. .. . . .. 10 4 7 £25,245 9 6 Totals .. .. .. .. .. .. j .. £33,701) 13 0 NATIVE LAND £ s. d. Balance at beginning of Year, — j £ s. d. £ s. d. 41,331 11 1 Cash in the Public Account .. .. .. .. .. j 21,895 9 2 Imprests outstanding— j In the Dominion .. .. .. .. .. .. .. | 200 63,000 0 0 ' Investment Account .. .. .. .. .. .. .. I 92,500 0 0 — I 1 114,397 9 2 104,331 11 1 Credits- in-Aid, — 142 6 4 Vote —Native Land Purchase Expenses .. .. .. .. . . .. 98 19 9 Credits in reduction of Expenditure under Section 417. Native Land Act, 1909, — 264 7 3 Subsection (a), Acquisition of Native Lands—Native Department .. . . 54 16 1 Subsection (b), Survey of Native Lands .. .. .. .. . . 199 4 9 158 11 3 Subsection (e), Roads, Bridges, and preparing Native Lands for settlement .. 185 6 7 2 0 0 Subsection (f), Improving, developing, and protecting Native Lands .. . , 30 19 0 j —I 470 6 5 424 18 6 104,898 15 11 Carried forward .. .. .. .. .. .. 114,966 15 4 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and otlier credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l L?t. I].

53

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927 —continued.

ACCOUNT. 1926-1927. EXPENDITURE. ' '.927-1928. Gross. ! Gross. £ s. d. Land Act, 1924, Section 297 (a), and New Zealand University Amendment Act, £ s. d. £ s. d. 1914, Section 32,— 12,649 7 0 Payment to Universities of portion of National Endowment residue .. .. 12,931 4 0 Land Act, 1924, Section 297 (b), — 75,896 1 9 Transfer to Vote Education of portion of National Endowment residue .. 77,587 5 3 Land Act, 1924, Section 298, — 37,948 0 11 Portion of National Endowment residue applied for payment of Old-age Pensions 38,793 12 7 129,312 1 10 Land Act, 1924, Section 295 (2), —• 7,626 3 4 Administration Expenses.. .. .. .. .. .. .. .. 6,865 10 3 Land Act, 1924, Section 83 (3), — Value of Improvements added to Capital Value of Land .. .. .. .. 3 80 Land Act, 1924, Sections 139, 295, and 357, — 14,159 14 10 J " Halves," " Thirds," and " Fourths " paid over to Local Bodies' Deposit Accounts .. 6,659 10 10 Public Revenues Act, 1926, Section 40, — 4,000 0 0 Temporary transfers to other Accounts Balance at end of Year, — 43,212 110 | Cash in the Public Account .. .. .. .. .. .. 26,989 6 8 Investment Account — £ s. d. 86,100 0 0 | Securities held .. .. .. .. .. 98,630 0 0 Temporary transfers under Section 40, Public Revenues Act, 1926 .. .. .. .. .. .. 10,000 0 0 — 108,630 0 0 , I 135,619 6 8* 129,312 1 10 £281,591 9 8 Totals .. .. .. .. .. .. .. j £278,459 17 7 * For explanatory statement see page 73. TRUST ACCOUNT. £ s1. d. Expenditure under Section 49 (2 and 3) of the Land for Settlements Act, 1925, — £ s. d. j £ s. d. Amount transferred in respect of settlement lands converted into National En54 0 0 dowment land .. .. .. .. .. .. .. j 303 1 9 Land Act, 1924, Section 139, — 52 15 10 " Thirds " and " Fourths " paid over to Local Bodies' Deposit Accounts .. .. I 163 4 5 Balance at end of Year, — 5,448 13 8 Cash in the Public Account .. .. .. .. .. . • 944 6 10 Investment Account— 19,690 0 0 Securities held .. .. .. .. .. .. .. 32,290 0 0 j 1 33,234 6 10* 25,138 13 8 | £25,245 9 6 Totals .. .. .. .. .. .. .. | £33,700 13 0 * For explanatory statement see page 73. SETTLEMENT ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 3,657 9 10 i Vote —Native Land Purchase Expenses .. .. .. .. .. j .. 3,966 10 8 I Expenditure under Section 417 of the Native Land Act, 1909, — 57,708 6 3 ! Subsection (a), Acquisition of Native Lands .. .. 33,269 6 9 Lands Department .. .. .. .. • • • • • ■ 107 5 4 Native Department .. .. .. .. .. .. 15,029 18 3 ; Subsection (b), Survey of Native Lands .. .. .. .. •. j 15,743 14 9 15,549 17 10 \ Subsection (e), Roads, Bridges, and preparing Native Lands for settlement .. j 67,247 2 2 2,194 10 8 I Subsection (f), Improving, developing, and protecting Native Lands .. .. 1,430 13 0 ' — ! 117,798 2 0 90,482 13 0 Urewera Lands Act, 1921-22, Section 10, — 1,466 3 4 Interest on Debentures .. .. .. .. .. •• | •• 1,466 3 4 Land Act, 1924, Section 21, — 3,155 11 11 Expenses of administration recouped to the Consolidated Fund .. .. .. 3,094 18 2 98,761 18 1 Carried forward .. .. .. •• •• •• 126,325 14 2 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924^25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

54

1926-1927. RECEIPTS. 1927-1928. £ 3. d. £ s. d. j £ s. d. 104,898 15 11 : Brought forward .. .. .. .. .. .. 114,966 15 4 37 0 0 Recoveries on account of Expenditure of previous years .. .. .. j .. 0 10 10 7,381 13 3 ; Amount received in respect of Survey Liens .. .. .. .. .. .. 1,625 14 11 46,597 19 3 Rents, &e. .. .. .. .. .. .. .. .. 43,740 13 11 57,488 4 0 Land-sales .. .. .. .. .. .. .. .. .. 30,889 2 7 8,570 8 1 Interest on Sales of Land .. .. .. .. .. .. .. .. 7,135 0 11 1,683 9 1 Interest on Survey Liens .. .. .. .. .. .. .. .. 1,483 5 1 Repayments by Maori Land Boards of Advances under Section 274 of the Native Land Act, 1909, — 1,542 6 5 Principal .. .. .. .. .. .. .. .. 329 8 4 519 16 6 Interest .. .. .. .. . ■ .. .. .. 450 15 0 780 3 4 2,062 2 11 Repayments by Maori Land Boards, Section 274, Native Land Act, 1909, and Section 16, Native Land Amendment and Native Land Claims Adjustment Act, 1923 — Subsection (5), — 149 15 6 Interest .. .. .. .. .. .. .. .. 1.46 14 11 74 17 6 Principal .. .. .. .. .. .. .. . . 77 18 1 —| 224 13 0 224 13 0 3,387 14 2 Interest on Investments .. .. .. .. .. .. .. .. 4,816 9 4 Adjustment of Entries incorrectly shown in 1925-26 Accounts, —• Repayments by Maori Land Boards— Section 274, Native Land Act, 1909, and Section 16, Native Land Amendment and Native Land Claims Adjustment Act, 1923— Subsection (5)— 109 13 3 Principal 73 18 3 Interest 183 11 6 £232,515 11 2 Totals .. .. .. .. .. .. .. j £211,662 9 3 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act. 1926) and other credits in reduction of expenditure are ohowu as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B—l. [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

NATIVE LAND SETTLEMENT ACCOUNT —continued.

55

I9 p 6 1 ® 27 ' EXPENDITURE. 1927-1928. Gross. Gross. I T £ *• d. j £ s. d. £ s. <1. 98,761 18 1 Brought forward .. .. .. .. .. .. [ 126,325 14 2 Land Laws Amendment Act, 1927, Section 20,— Discharged Soldiers Settlement Amendment Act, 1923, Section 20 (4) — Amounts recouped to the Discharged Soldiers Settlement Acoount in respect of Amount added to Capital Value of Land .. .. .. .. .. 5,889 10 6 * Land Act, 1924, Section 139, — 5,153 3 9 " Thirds " and " Fourths " paid over to Local Bodies' Deposit Accounts .. .. j 4,444 18 9 Land Act, 1924, Section 83 (3), — | 11,438 5 11 Payment for Value of Improvements .. .. .. .. .. .. ] Expenditure under Section 49 (2 and 3), Land for Settlements Act, 1925,— Amount transferred in respect of Settlement Land converted into ordinary Crown 1,103 12 0 Land .. .. .. .. .. .. .. .. .. 808 0 0 Finance Act, 1926, Section 23 (4), — Recoupment of Stamp Duty on transfers of New Zealand Consolidated Stock, 1935/45— 64 1 2 Native Land Amendment Act, 1913 .. .. .. . . .. 85 18 5 Recoupment of Stamp Duty on transfers of New Zealand Consolidated Stock, 1944 — 56 8 3 Native Land Amendment Act, 1913 .. .. .. .. .. 54 7 6 140 5 11 120 9 5 New Zealand Loans Act, 1908, Section 26, — 108 15 1 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 434 11 5 Amortization of Debt, — Debentures redeemed at Maturity— New Zealand Loans Act, 1908 — Finance Act, 1927, Section 6— Native Land Amendment Act, 1913 (due 1st October, 1927) .. .. .. 1,300 0 0 Adjustment of entries erroneously credited, 1925-26, — Section 274, Native Land Act, 1909, Native Land Amendment and Native Land Claims Adjustment Act, 1923, Section 16, Subsection (5) — 73 18 3 Principal 109 13 3 Interest 183 11 6 Adjustment of entries incorrectly shown in 1906-07, — Repayments by Maori Land Boards of Advances under Section 274 of the Native Land Act, 1909 — 503 14 11 Principal 744 11 4 Interest 1,248 6 3 Balance at end of Year, — 21,895 9 2 \ Cash in the Public Account .. .. .. .. .. .. j 8,086 8 9 Imprests outstanding— 2 0 0 In the Dominion .. .. .. . . .. .. .. 232 19 9 Investment Account — 92,500 0 0 Securities held .. .. .. .. .. .. •. 64,000 0 0 72,319 8 6* 114,397 9 2 £232,515 11 2 Totals .. .. .. .. .. . • .. £211,662 9 3 * For explanatory statement see page 73 Note.— In these accounts the credits-in-aid (section 5!. Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. IJ

PUBLIC ACCOUNTS, 1927-1928

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

56

PUBLIC DEBT 1926 1927. RECEIPTS. 1927-1928. £ s. d. | Balance at beginning of Year,— £ s. d. £ s. d. 2,096 2 6 1 Cash in the Public Account .. .. .. .. .. .. .. 4,394 12 10 i Repayment of the Public Debt Act, 1925, Section 11, — Transfers from the Consolidated Fund— Subsection {a), being one-half of 1 per cent, of the amount of the Public Debt 896,651 3 5 outstanding at 31st March, 1927 .. .. .. .. .. 919,727 4 10 Subsection (b), being 3* per cent, of the amount of the Public Debt redeemed 31,140 12 10 to 31st March, 1927 " .. .. .. .. .. .. 64,111 6 10 Subsection (b), being 3-i per cent, of the amount of the Public Debt cancelled j 13,737 8 1 during the year, computed from the dates of Redemption .. ..I 9,925 17 4 1 " I 993,764 9 0 941.529 4 4 Interest on Investments .. .. .. .. .. .. .. . 216 6 2 £943,625 6 10 Totals .. .. .. .. .. .. .. £998,375 8 0 RAILWAYS IMPROVEMENT £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 38,370 9 3 Cash in the Public Account .. .. .. .. .. .. 27,176 9 4 Imprests outstanding— 4,506 1 0 In the Dominion .. .. .. .. .. .. .. 228 1 5 885 1 4 In London .. .. .. .. .. 236,900 0 0 Investment Account .. .. .. .. .. .. .. 375,250 0 0 402,654 10 9 280,661 11 7 Credits in reduction of Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914, — 3,956 17 5 Duplications .. .. .. .. .. .. .. .. 3,452 14 3 44,418 3 10 New line : Auokland-Westfield .. .. .. .. .. .. 20,857 9 6 7,540 7 1 Signalling, interlocking and safety appliances 6,715 0 1 New stations, station-yards, and terminal facilities .. .. .. .. 775 3 6 18,587 2 4 Bridge-strengthening — — — 25,085 7 3 81,217 10 9 Credits in reduction of Expenditure under Section 7 of the Finance Act, 1924,— 22,523 6 0 Paeroa railway-station rearrangement .. .. .. .. .. 2,093 3 0 Tawa Flat deviation .. .. .. .. .. .. .. 304 17 0 236 15 4 Pelichet Bay railway deviation .. .. .. .. .. .. 0 15 0 13,568 7 3 Hutt Valley railway .. .. .. .. .. .. .. 34,078 13 6 67 3 4 Palmerston North railway deviation .. .. .. .. .. 153 11 7 1,231 8 0 Elimination of level crossings .. .. .. .. .. .. 5,419 14 2 42,050 14 3 37,626 19 11 399,506 2 3 Carried forward .. .. .. .. .. .. 469,790 12 3 Note. In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other oredits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l | PT. I].

PUBLIC ACCOUNTS, 192 7-1 928.

Year ended 31st March, 1928, compared with the year ended 31st March, 1927—continued.

57

REPAYMENT ACCOUNT. 1926-1927. 1927-1928. I r „„„ EXPENDITURE. ' Gross. Gross. £ s. d. Securities redeemed and cancelled in terms of Section 13 of the Repayment of the £ s. d. £ s. d. 939,230 14 0 Public Debt Act, 1925,— New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— Nominal value. Stock Certificates under— £ s. d. War Purposes Loan Act, 1917 .. .. .. 170 0 0 .. 170 0 0 Inscribed Stock under — Finance Act, 1916, Section 35 (War Expenses) .. 200 0 0 192 0 0 Finance Act, 1918, Section 10 (War Expenses) .. 286,400 0 0 286,395 10 0 War Purposes Loan Act, 1917 .. .. .. 21,030 0 0 20,993 15 0 1 307,581 5 0 New Zealand 4-per-cent. Consolidated Stock, 1929 .. 100,211 0 1 .. 98,642 11 2 Finance Act, 1916, Section 35 (War Expenses) .. .. 200 0 0 194 0 0 War Purposes Loan Act, 1917 .. .. .. .. 140,000 0 0 140,000 0 0 War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68 .. .. .. .. .. .. 451,600 0 0 451,600 0 0 591.794 0 0 £999,811 0 1 l Balance at end of Year,— 4,394 12 10 Cash in the Public Account .. .. .. .. .. .. .. 187 j] jq £943,625 6 10 Totals .. .. .. .. .. .. .. £998,375 8 0 AUTHORIZATION ACT 1914 ACCOUNT. £ s. d. Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914, — | £ s. d. £ s. d. 155,314 9 7 New stations, station-yards, and terminal facilities .. .. .. .. | 167,277 16 11 j 61,356 13 6 Duplications .. .. .. .. .. .. .. .. 8,634 4 8 | • 143 7 6 Grade easements .. .. .. .. .. .. .. 1,217 9 3 538 16 9 New engine-depot and approach-lines at Auckland .. .. .. .. 5,628 3 1 172,965 9 2 New line, Auckland to Westfield .. .. .. .. .. .. 185,100 2 4 j 14,554 4 11 Signalling, interlocking, and safety appliances 8,784 14 1 Bridge-strengthening .. .. .. .. .. .. .. 7,930 1 5 — — 375,787 17 8 413,657 15 6 Expenditure under Section 7 of the Finance Act, 1924, — 10,325 10 0 i Paeroa railway-station rearrangement .. .. .. ... .. j 963 10 9 14,059 19 6 \ Palmerston North railway deviation .. .. .. .. .. 54,411 0 2 984 13 1 ! Tawa Flat railway deviation .. .. .. .. .. .. j 54,527 10 3 1,191 12 9 ! Pelichet Bay railway deviation .. .. .. .. .. .. 11,999 10 7 3,159 19 9 Railway electric lighting .. .. .. .. .. .. .. 156,454 16 4 Hutt Valley railway .. .. .. .. .. .. .. 53,137 3 8 24,514 18 2 Elimination of level-crossings .. .. .. .. .. .. 9,810 12 3 184,849 7 8 210,691 9 7 624,349 5 1 Carried forward .. .. .. .. .. .. 560,637 5 4 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l TPT. 11.

PUBLIC ACCOUNTS, 1927-1 92 8.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

58

RAILWAYS IMPROVEMENT , - - 1926-1927. RECEIPTS. 1927-1928. £ s. d. £ s. d. £ s. d. 399,506 2 3 j Brought forward .. .. .. .. .. .. 469,790 12 3 Credits in reduction of Expenditure under Section 10 of the Finance Act, 1925, — I Electric lighting of stations .. .. .. . . .. .. 360 0 0 604 5 1 j Rearrangement of or alterations and additions to stations .. .. .. 3,695 17 8 0 3 10 Workshops and equipment of locomotive branch .. .. .. 5 7 0 \ Telephones, telegraphs, and signalling, interlocking and safety appliances .. j 4,050 111 2,533 16 3 | New Workshops at Otahuhu and Petone, &c. .. .. .. .. 14,212 0 1 Marshalling-yards for Christchurch at Middleton .. .. .. .. 4,655 12 0 75,178 17 9 I Miscellaneous works—Permanent-way materials 26,973 11 8 78,322 9 11 | New Zealand Loans Act, 1908, Section 5 (1) (b), — Railways Improvement Authorization Act, 1914— 90,000 0 0 Temporary advances received from Bank of England on Memorandum of Security New Zealand Consolidated Stock issued, — New Zealand Loans Act, 1908— New Zealand Consolidated Stock, 1946— Railways Improvement Authorization Act, 1914 — Stock issued in respect of £900,000 authorized (Part of £6,000,000 5-per-900,000 0 0 j cent. Stock Loan, 1926) .. Stock issued to cover charges and expenses of raising £900,000 authorized 34,076 7 4 (Part of £6,000,000 5-per-cent. Stock Loan, 1926) 5 15 1 Interest on Overdue Instalments 340 15 3 Premium.. Railways Improvement Authorization Act, 1914, and Finance Act, 1926, Section 3 — Stock issued in respect of £1,600,000 authorized (Part of 5-per-cent. Stock Loan, 1927) .. .. .. .. .. .. .. 1,600,000 0 0 Interest on overdue Instalments .. .. .. .. .. 12196' Stock issued to cover Charges and Expenses of raising £1,600,000 authorized (Part of £6,000,000 5-per-cent. Stock Loan, 1927) .. .. 44,466 10 3 Premium.. .. .. .. .. .. .. .. 778 3 3 New Zealand Inscribed Stock Act, 1917— Railways Improvement Authorization Act, 1914, and Finance Act, 1926, Section 3 — 51,310 0 0 Inscribed Stock issued .. .. .. .. .. .. 50,000 0 0 7,000 0 0 Inscribed Stock issued (Death Duties) .. .. .. .. 1,695,257 13 0 992,732 17 8 j If1,560,561 9 10 Totals .. .. .. .. .. .. .. j£2,192,021 16 11 RANGITAIKI LAND £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 4,183 13 0 Cash in the Public Account .. .. .. .. .. .. 4,839 4 4 20,000 0 0 Investment Account .. .. .. .. .. .. .. 10,000 0 0 — 14,839 4 4 24,183 13 0 Credits in reduction of Expenditure under Section 7 of the Rangitaiki Land Drainage Act, 1910,— 3,351 8 2 Administration Expenses and Construction of Works .. .. .. .. 1,343 17 4 Receipts under the Rangitaiki Land Drainage Act, 1910, — 640 13 7 Sections 6 and 7, Rate Account .. .. .. .. .. .. 9,875 8 10 9 8 4 Section 9, " Thirds " .. .. .. .. .. .. . . 10 4 8 236 17 8 Miscellaneous Receipts .. .. .. .. .. .. .. 115 14 10 ! • 10,001 8 4 886 19 7 591 16 0 Interest on Investments .. .. .. .. .. .. .. .. 574 2 8 . £29,013 16 9 Totals .. .. .. .. .. .. .. £26,758 12 8 Note. —In these accounts the credits-in-aid (section 51. Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the year ended 31st March, 1927—continued.

9—B. 1 [PT. I] .

59

AUTHORIZATION ACT 1914 ACCOUNT—continued. 1926-1927. EXPENDITURE. 1927-1928. Gross. Gross. £ s. d. ! £ s. d. £ s. d. 624,349 5 1 Brought forward .. .. .. .. .. j .. 560,637 5 4 Expenditure under Section 10 of the Finance Act, 1925, — 39,514 6 5 Rearrangement of or alterations and additions to stations .. .. .. 23,225 6 0 15,728 13 3 Deviation and duplication of Railway: Ravensbourne-Burke's .. .. 10,707 7 4 1,315 0 10 New Depot for locomotives at Elmer Lane .. .. .. .. .. 37,021 4 11 9,992 10 0 Electric lighting of stations .. .. .. .. .. .. 13,360 17 8 51,778 5 9 Marshalling-yards for Christchurch at Middleton .. .. .. .. 43,564 14 1 ! 45,558 4 4 Telephones, telegraphs, and signalling, interlocking and safety appliances .. 58,692 6 5 44,875 19 0 Workshops and equipment of locomotive branch .. .. .. .. 26,600 7 6 New workshops at Otahuhu and Petone, and alterations and additions to 167,878 15 4 workshops at Addington and Hillside .. .. .. .. .. 687,847 3 11 32,191 15 11 Miscellaneous works —Auckland to Morningside deviation .. .. .. 3,187 12 9 904,207 0 7 408,833 10 10 \ [ Expenditure under Section 3 of the Finance Act, 1926, — ! Electrification of line from Lyttelton to Middleton .. .. .. .. .. 4,900 8 6 New Zealand Loans Act, 1908, Section 5(1) (b), — Railways Improvement Authorization Act, 1914— 90,000 0 0 Temporary advance from Bank of England on Memorandum of Security repaid .. .. Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908 — 34,708 0 8 Railways Improvement Authorization Act, 1914 .. 16 2 6 Railways Improvement Authorization Act, 1914 (redemptions) Railways Improvement Authorization Act, 1914, and Finance Act, 1926, Section 3 45,507 14 2 ; 45,507 14 2 34,724 3 2 Balance at end of Year, —■ 27,176 9 4 Cash in the Public Account .. .. .. .. .. .. 90,966 18 8 Imprests outstanding— 228 1 5 In the Dominion .. .. .. .. .. .. .. 1,731 5 11 In London .. .. .. .. .. .. .. .. 9,821 3 9 Investment Account — 375,250 0 0 Securities held .. .. .. .. .. .. .. 574,250 0 0 676,769 8 4* 402,654 10 9 £1,560,561 9 10 Totals .. .. .. .. .. .. .. £2,192,021 16 11 * For explanatory statement see page 73. DRAINAGE ACCOUNT £ s. d. Expenditure under Section 7 of the Rangitaiki Land Drainage Act, 1910, — £ s. d. £ s. d. 14,174 12 5 I Administration Expenses and Construction of Works .. .. .. .. 15,270 12 8 Expenditure under Section 8 (2) of the Rangitaiki Land Drainage Act, 1910, — Acquisition of Land for Drainage Works .. .. .. .. .. .. 2 7 10 Appropriation Act, 1924, Section 14 (2) (b), — Finance Act, 1927 (No. 2), Section 11 — Refund of Rates .. .. .. .. • • • • •. ■ • 667 19 2 ■» i Public Revenues Act, 1926, Section 139, — | Interest recouped to the Consolidated Fund .. .. .. .. •• 5,010 0 0 Balance at end of Year, — 4,839 4 4 Cash in the Public Account .. .. .. •• •• •• 3,807 13 0 Investment Account — 10,000 0 0 Securities held .. .. •• •• •• •• •• 2,000 0 0 | 5,807 13 0* 14,839 4 4 \ £29,013 16 9 Totals .. .. .. •• •• •• £26,758 12 8 * For explanatory statement see page 73. Note. In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l. [PT. I].

PUBLIC ACCOUNTS, 1927 - 1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the

60

REMITTANCES FROM I 1926-1927. RECEIPTS. 1927-1928. £ s. d. Amounts paid to Public Account, Wellington, being Amounts remitted from New £ s. d. £ s. d. 1,550,000 0 0 Zealand Public Account, London .. .. .. .. .. .. .. 2,888,000 0 0 £1,550,000 0 0 Totals .. .. .. .. .. .. .. £2,888,000 0 0 REMITTANCES TO £ s. d. Amounts paid to New Zealand Public Account, London, being Amounts remitted £ s. d. £ s. d. 3,625,000 0 0 from Public Account, Wellington .. .. .. .. .. .. .. 3,700,000 0 0 £3,625,000 0 0 Totals .. .. .. .. .. .. .. £3,700,000 0 0 RESERVE FUND £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 2,000,000 0 0 Investment Account .. .. .. .. .. .. .. .. 2,000,000 0 0 £2,000,000 0 0 Totals .. .. .. .. .. .. .. £2,000,000 0 0 SAMOAN LOAN I ! £ s. d. New Zealand Loans Act, 1908, — £ s. d. £ s. d. j Finance Act, 1925, Section 4 (Samoan Loan) —■ 21,000 0 0 Debentures issue .. .. .. .. .. .. .. .. 1,000 0 0 Finance Act, 1926, Section 4—• Amounts transferred for Investment by way of Loan to the Samoan Treasury— From Cheviot Estate Account .. .. .. .. .. 20,200 0 0 From Discharged Soldiers Settlement Loans Act, 1920, Depreciation Fund Account .. .. .. .. .. .. .. .. 8,000 0 0 28,200 0 0 £21,000, 0 0 Totals .. .. .. .. .. .. .. £29,200 0 0 STATE ADVANCES £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Public Account— 138,845 1 5 Advances to Settlers Branch .. .. .. .. .. .. 2,241 5 0 12,628 13 10 Advances to Workers Branch Investment Account— 2,019,215 0 0 Advances to Settlers Branch .. .. .. .. .. .. 140 0 0 122,000 0 0 Advances to Workers Branch .. .. .. .. — . -— 2,381 5 0 £2,292,688 15 3 New Zealand Loans Act, 1908, — State Advances Act, 1913 —• Advances to Settlers Branch — 147,550 0 0 Debentures issued New Zealand Inscribed Stock Act, 1917— I 1,116,245 0 0 Inscribed Stock issued 57,200 0 0 Inscribed Stock (Death Duty) issued Advances to Workers Branch— 192,650 0 0 Debentures issued .. .. .. .. .. .. .. | 114,200 0 0 New Zealand Inscribed Stock Act, 1917— 871,240 0 0 Inscribed Stock issued .. .. .. .. .. .. 774,500 0 0 16,050 0 0 Inscribed Stock (Death Duty) issued .. .. .. .. 1,300 0 0 890,000 0 0 2,400,935 0 0 4,693,623 15 3 Carried forward .. .. .. .. .. .. 892,381 5 0 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown aa receipts, and are not deducted from the expenditure as prior to 1924-25. E'er the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1 9 28.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

61

LONDON ACCOUNT. 1926-1927. 1927-1928. Gross. EXPENDITURE. Gross . £ s. d. I Amounts withdrawn from New Zealand Public Account, London, for remittance £ s. d. £ s. d. 1,550,000 0 0 j to Public Account, Wellington .. .. .. .. .. .. .. j 2,888,000 0 0 £1,550,000 0 0 Totals .. .. .. .. .. .. .. £2,888,000 0 0 LONDON ACCOUNT. £ s. d. Amounts withdrawn from Public Account, Wellington, for remittances to New £ s. d. £ s. d. 3,625,000 0 0 Zealand Public Account, London .. .. .. .. .. .. .. 3,700,000 0 0 £3,625,000 0 0 Totals .. .. .. .. .. .. .. £3,700,000 0 0 ACCOUNT. £ s. d. Balance at end of Year, — £ s. d. £ s. d. Investment Account— 2,000,000 0 0 Securities held .. .. .. .. .. .. .. .. 2,000,000 0 0* £2,000,000 0 0 Totals .. .. .. .. .. .. .. £2,000,000 0 0 * For explanatory statement see page 73. SUSPENSE ACCOUNT. £ s. d. Samoa Act, 1921, Section 33, and Finance Act, 1925, Section 4, — £ s. d. £ s. d. 21,000 0 0 Amount advanced to Samoan Treasury .. .. .. .. .. .. 1,000 0 0 Samoa Act, 1921, Section 33, and Finance Act, 1926, Section 4, — Amount advanced to Samoan Treasury .. .. .. .. .. .. 28,200 0 0 £21,000 0 0 Totals .. .. .. .. .. .. .. £29,200 0 0 LOAN ACCOUNT. £ s. d. Amounts paid over to the State Advances Office on account of Loans raised, — £ s. d. £ s. d. 3,471,863 18 10 Advances to Settlers Branch .. .. .. .. .. .. 2,378 17 6 1,210,792 17 4 Advances to Workers Branch .. .. .. .. .. .. 888,740 6 9 — 891,119 4 3 4,682,656 16 2 Amounts paid over to State Advances Office on account of Loans raised, — i Rural Advances Branch— Rural Advances Act, 1926 .. .. .. .. .. .. .. 514,810 0 0 New Zealand Loans Act, 1908, — Charges and Expenses of raising Loans— State Advances Act, 1913 — 5,229 18 7 Advances to Settlers Branch .. .. .. .. .. .. 78 6 0 4,195 17 6 Advances to Workers Branch .. .. .. .. .. 1,254 12 0 Advances to Workers Branch (redemptions) .. .. .. .. 865 9 7 2,198 7 7 9,425 16 1 4,692,082 12 3 Carried forward ,. .. .. .. •• •• 1,408,127 11 10 / - - Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are sho ivn as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the

62

STATE ADVANCES 1926-1927. | RECEIPTS 1927-1928. £ 8. d.\ £ s. d. £ s. d. 4,693,623 15 3 j Brought forward .. .. .. .. .. .. 892,381 5 0 Amounts received from the State Advances Office to cover Charges and Expenses of raising Loans, — State Advances Act, 1913— 420 1 0 Advances to Settlers Branch .. .. .. .. .. .. 75 18 6 420 1 0 : Advances to Workers Branch .. .. .. ... .. .. 989 4 10 — i 1,065 3 4 840 2 0 \ j Rural Advances Act, 1926, — | Bonds issued .. .. .. .. .. .. .. .. .. 515,093 10 0 U, 694,463 17 3 Totals .. .. .. .. .. .. .. £1,408,539 18 4 STATE COAL- £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 1,071 17 7 Cash in the Public Account .. .. .. .. .. .. J 9,404 4 4 17,500 0 0 Investment Account .. .. .. .. .. .. .. 24,300 0 0 " " " ■" 1 — 33,704 4 4 18,571 17 7 Credits-in-aid, — 1,468 19 9 Vote —State Coal-mines .. .. .. .. .. .. .. .. 1,732 3 11 562 1 11 Recoveries on account of Expenditure of previous Years .. .. .. .. 595 8 8 300,598 9 7 Rents, Royalties, Sale of Coal, Coke, Wood, &c. .. .. .. .. .. 316,255 7 8 ' Housing Loans, — Repayments of Principal and Interest .. .. .. .. .. .. 375 6 0 Public Revenues Act, 1926, Section 40, — Interest received on Temporary Transfers to other Accounts .. .. .. .. 209 6 4 879 3 7 Interest on Investments .. .. .. .. .. .. .. .. 1,342 15 8 £322,080 12 5 Totals .. .. .. .. .. .. .. £354,214 12 7 STATE COAL-MINES £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 318 11 8 Cash in the Public Account .. .. .. .. .. .. 4,565 6 10 47,880 0 0 Investment Account .. .. .. .. .. .. .. 50,540 0 0 55,105 6 10 48,198 11 8 Coal-mines Act, 1925, Section 185, — 4,552 0 5 Transfer from State Coal-mines Account .. .. .. .. .. .. 4,552 0 5 2,354 14 9 Interest on Investments .. .. .. .. .. .. .. ! .. 2,681 0 1 £55,105 6 10 Totals .. .. .. .. .. .. .. £62,338 7 4 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l !PT. I].

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

63

LOAN ACCOUNT—continued. . 1926-1927. 1927-1928. „ EXPENDITURE. _ Gross. Gross. £ 8. d. £ s. d. £ s. d. 4,692,082 12 3 Brought forward .. .. .. .. .. .. j 1,408,127 11 10 Balance at end of Year, — Cash in the Public Account— £ s. d. 2,241 5 0 Advances to Settlers Branch Advances to Workers Branch .. .. .. 128 16 6 Rural Advances Branch .. .. ., . . 283 10 0 Investment Account — 412 6 6 140 0 0 Advances to Settlers Branch .. .. ... — 412 6 6 2,381 5 0 £4,694,463 17 3 Totals .. .. .. .. .. .. .. £1,408,539 18 4 MINES ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 274,529 11 0 Vote—State Coal-mines .. .. .. .. .. .. .. 304,131 11 5 Unauthorized Expenditure,— 110 0 0 Services not provided for.. I— 304,131 11 5 274,639 11 0 Public Revenues Act, 1026, Section 139, — 9,176 19 2 Interest recouped to the Consolidated Fund .. .. .. .. . ■ 9,101 19 2 N.Z. Loans Act, 1908, Section 26, — 7 17 6 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 31 4 11 Amortization of Debt, — Coal-mines Act, 1925, Section 185 — 4,552 0 5 Transfer to State Coal-mines Sinking Fund Account .. .. .. .. 4,552 0 5 Balance at end of Year, — 9,404 4 4 Cash in the Public Account .. .. .. .. .. 22,097 16 8 Investment Account— 24,300 0 0 Securities held .. .. .. .. . ■ . • ■ • 14,300 0 0 36,397 16 8* 33,704 4 4 £322,080 12 5 Totals .. .. .. .. .. .. .. £354,214 12 7 * For explanatory statement see page 73. SINKING FUND ACCOUNT. £ s. d. Balance at end of Year, — £ s. d. £ s. d. 4,565 6 10 Cash in the Public Account .. .. .. .. .. .. 5,313 7 4 Investment Account — 50,540 0 0 Securities held .. .. .. .. .. .. .. 57,025 0 0 62,338 7 4* 55,105 6 10 — £55,105 6 10 Totals .. .. .. .. .. •• •• £62,338 7 4 * For explanatory statement see page 73. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B — 1 [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

64

i ; ~~ 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — . £ s. d. £ s. d. 2,358 3 11 Cash in the Public Account .. .. .. .. .. .. 1,994 1 1 Imprests outstanding— 2 19 10 In the Dominion .. .. .. .. .. .. .. 166 1 8 In London .. .. .. .. .. .. .. .. 1,480 0 0 125,500 0 0 Investment Account .. .. .. .. .. .. .. 20,000 0 0 127,861 3 9 23,640 2 9 Credits-in-aid, — 1,227 14 11 Vote—State Forest Service .. .. .. .. .. .. j .. 1,535 13 7 Credits-in-reduction, — Unauthorized Expenditure— 152 7 5 Services not provided for 109 13 8 Recoveries on Account of Expenditure of previous Years .. .. .. .. 89 10 7 14,609 10 5 Receipts from Nurseries and Plantations .. .. .. .. .. .. 11,519 18 2 74,900 19 2 Receipts from Indigenous Forests .. .. .. .. .. .. .. 81,296 13 4 5,406 8 10 Miscellaneous Receipts .. .. .. .. .. .. .. .. 5,550 11 7 Forests Act, 1921-22, Section 39, — 27,270 19 0 Receipts from National Endowment Indigenous Forests .. .. .. .. 21,054 17 10 Forests Amendment Act, 1926, Sections 6 and 7, — Deduction for Administration Expenses in respect of lands administered by the 275 17 5 State Forests Service .. .. .. .. .. .. .. .. 2,052 19 0 Finance Act, 1925, Section 43, Subsection 7, — 52 1 6 Revenue received in respect of Akatarawa Reserve .. .. .. .. .. 25 0 0 Finance Act, 1925, Section 43, Subsection 8, — Amount recovered in respect of Administration Expenses of Akatarawa Reserve—■ 105 19 0 Wellington City Council .. .. .. .. .. .. 947 1 17 0 Eastbourne Borough Council .. .. .. .. .. .. 033 7 5 11 Lower Hutt Borough Council .. .. .. .. .. .. 0 12 8 9 9 6 Petone Borough Council .. .. .. .. .. .. 0 16 6 1 17 0 Upper Hutt Borough Council .. .. .. .. .. 4 13 7 Hutt County Council .. .. .. .. .. .. .. j 082 ; 11 5 2 131 2 0 Finance Act, 1925, Section 43, Subsection 4, — Contributions received from Local Authorities in respect of the purchase of the Akatarawa Reserve— 75 17 10 Eastbourne Borough Council .. .. .. .. .. .. .. j ' 4,551 6 10 Interest on Investments .. .. .. .. .. .. .. .. ! 1,224 4 5 Finance Act, 1927, Section 3 (1), — Advance from Consolidated Fund .. .. .. .. .. .. .. j 45,000 0 0 I New Zealand Loans Act, 1908,— New Zealand Inscribed Stock Act, 1917— Forests Act, 1921-22, and Finance Act, 1926, Section 6— Inscribed Stock issued .. .. .. .. .. .. 115,000 0 0 Public Revenues Act, 1926, Section 40, — 5,000 0 0 Temporary transfers from other Accounts .. .. .. .. .. .. 50,000 0 0 £261,625 2 9 Totals .. .. .. .. .. .. .. £358,000 16 5 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATE FORESTS ACCOUNT.

65

1926 1927. EXPENDITURE. 1927-1928. Gross. Gross. £ .i. d. | Annual Appropriation,— £ s. d. £ s. d. 193,038 1 6 | Vote—State Forest Service .. .. .. .. .. .. 215,711 15 9 J Unauthorized Expenditure,— 210 12 5 | Services not provided for.. .. .. .. .. .. .. 558 1 11 216,269 17 8 193,248 13 11 I Public Revenues Act, 1926, Section 139, — 27,661 6 2 ! Interest recouped to the Consolidated Fund .. .. .. .. .. 28,714 10 6 Finance Act, 1926, Section 23 (4), —• Recoupment of Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935-45— 51 4 10 \ Forests Act, 1921-22 .. .. .. .. .. .. .. .. 68 14 11 New Zealand Loans Act, 1908, Section 26, — 31 17 3 Recoupment of Management Charges of Consolidated Stock .. .. .. ,. 127 8 11 Forests Act, 1921-22, Section 39 (2), — Transfer to National Endowment Account in respect of Revenues from National15,658 15 4 j endowment Lands comprised in State Forests .. .. .. .. .. 13,884 15 9 Reserves and other Lands Disposal and Public Bodies Empowering Act, 1921-22, Section 91 (2), — Transfer to Electric Supply Account in respect of Revenues from Hydro-electric Lands administered as a State Forest .. .. .. .. .. .. 22 3 0 Finance Act, 1926, Section 21, — 1,333 2 6 Interest on Advances from Consolidated Fund .. .. . .. .. 3,999 7 6 New Zealand Loans Aot, 1908, — Charges and Expenses of raising Loans— Forests Act, 1921-22, and Finances Act, 1926, Section 6 .. .. .. 575 0 0 Public Revenues Act, 1926, Section 40, — I Interest paid on Temporary Transfers from other Accounts .. .. .. j 1,554 16 0 Temporary Transfers from other Accounts repaid . . . . .. .. 55,000 0 0 ' ' 56,554 16 0 Balance at end of Year, — 1,994 1 1 Cash in the Public Account .. .. .. .. .. .. j 16,829 17 3 Imprests outstanding—■ 166 18 In the Dominion .. .. .. .. .. . . .. 541 15 1 1,480 0 0 In London .. .. .. .. . . .. .. .. j 412 9 10 Investment Account— 20,000 0 0 Securities held .. .. .. .. . . 20,000 0 0 !__ — 37,784 2 2* 23,640 2 9 £261,625 2 9 Totals .. .. .. .. .. .. I .. £358,000 16 5 I I ; * For explanatory statement see page 73. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

66

1926-1927. RECEIPTS. 1927-1928. I £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 12,430 6 0 Cash in the Public Account .. ... .. .. .. .. 4,388 0 5 Imprests outstanding— 72 0 0 In the Dominion I — 4,388 0 5 12,502 6 0 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 416 11 9 Empowering Act, 1916 .. .. .. .. . .. .. .. 655 8 5 I Receipts under Section 4 (5) of the Swamp Drainage Amendment Act, 1926, — Proceeds from Sale, Letting, or other disposal of National-endowment Lands in ; the Waihi Drainage Area .. .. .. .. .. .. .. 567 19 11 Swamp Drainage Act, 1915, Section 8, — 15 11 8 " Thirds" .. .. .. .. .. .. .. .. .. 6 4 9 1,060 16 3 Miscellaneous Receipts .. .. .. .. .. .. .. .. 1,813 17 4 Swamp Drainage Act, 1915, Section 5, — Special Rate for Interest and Sinking Fond Kaitaia Drainage Area .. .. .. .. .. .. 3,796 9 9 Waihi Drainage Area .. .. .. .. .. .. .. 461 10 0 4,257 19 9 Swamp Drainage Amendment Act, 1926, Section 3, — General Rate for Administration and Maintenance — Kaitaia Drainage Area .. .. .. .. .. .. 1.162 8 5 Waihi Drainage Area .. .. .. .. .. .. .. 661 2 0 [ 1,823 10 5 268 8 9 Interest on Investments .. .. .. .. .. .. .. .. 125 16 3 New Zealand Loans Act, 1908, — Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46- — 25,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 60,000 0 0 Public Revenues Act, 1926, Section 40, — 15,000 0 0 Temporary Transfers from other Accounts .. .. .. .. .. .. 69,000 0 0 £54,263 11 5 Totals .. .. .. .. .. .. .. £142,638 17 3 Note. —In these accounts the eredits-in-aid (section 51, Ptfblic Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1928.

SWAMP LAND DRAINAGE ACCOUNT.

10— B. 1 [PT. Ij.

67

1926-1927. 1927-1928. - „ EXPENDITURE. ' Gross. Gross. £ s. d. Expenditure under Section 4 of the Swamp Drainage Act, 1915, and Section 95 of the £ s. d. £ s. d. 39,853 19 4 Reserves and other Lands Disposal and Public Bodies Empowering Act, 1916 .. .. 38 002 0 5 Public Revenues Act, 1926, Section 139, — 10,000 0 0 Interest recouped to the Consolidated Fund .. .. .. .. .. 10184 59 New Zealand Loans Act, 1908, Section 26, — 7 12 8 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 30 9 6 Finance Act, 1926, Section 23 (4), — Recoupment of Stamp Duty on Transfers of New Zealand Consolidated Stock, 1944— 14 2 0 Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 .. .. 13 11 10 . Public Revenues Act, 1926, Section 40, — Interest paid on Temporary Transfers from other Accounts .. .. 1,145 11 9 Temporary Transfers from other Accounts repaid .. .. .. .. 74,000 0 0 75,145 11 9 Balance at end of Year, — 4,388 0 5 Cash in the Public Account .. .. .. .. .. .. .. 19,262 18 0* £54,263 14 5 Totals .. .. .. .. .. .. .. £142,638 17 3 * For explanatory statement see 73. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. 11.

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

68

WESTPORT HARBOUR . . __ 1926-27. RECEIPTS. 1927-28. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 21,520 16 9 Cash in the Public Account .. .. .. .. .. .. 15,807 4 8 48,500 0 0 Investment Account .. .. .. .. .. .. .. 66,000 0 0 81,807 4 8 70,020 16 9 Credits-in-aid, — 70 6 6 Vote —Westport Harbour .. .. .. .. .. .. .. 230 9 0 Credits in Reduction, — Unauthorized Expenditure— Services not provided for .. .. .. .. .. .. .. 297 13 2 439 12 9 Recoveries on account of Expenditure of previous Years 12,452 5 1 Wharfage .. Westport Harbour Act, 1920, Section 8, and Finance Act, 1921, Section 4, — 18,57111 1 Special Coal Rate .. .. .. .. .. .. .. .. 31,66114 10 7,854 5 3 Port Charges .. .. .. .. .. .. .. .. .. 8,411 11 6 20,206 8 9 Endowments .. .. .. .. .. .. .. .. .. 20,344 17 8 58 0 0 Rents .. .. .. .. .. .. .. .. .. .. 311 15 2 Sale of Endowment Lands .. .. .. .. .. .. .. .. 20 0 0 1,404 4 3 Miscellaneous Receipts .. .. .. .. .. .. .. .. 1,595 6 1 2,634 8 11 Interest on Investments .. .. .. .. .. .. .. .. 3,352 4 4 Adjustment of entries wrongly shown in previous years,— Recoupment under Finance Act, 1919, Section 4— Interest .. .. .. .. .. .. .. .. 94,218 1 3 Sinking|Fund .. .. .. .. .. .. .. 21,459 8 6 ——— 115,677 9 9 £133,711 19 4 j Totals .. .. .. .. .. .. .. £263,710 6 2 ' ~~ WORKING RAIL- £ s. d. Balance at end of Year, — £ s. d. £ s. d. 14,528 13 4 Cash in Public Account .. .. .. .. .. .. .. 309,795 0 4 I mpr sts outstanding— 20 4 4 In r e Dominion .. .. .. .. .. .. .. 820 6 1 8,601 9 7 In London .. .. .. .. .. .. .. .. 53,898 16 2 175,000 0 0 Investment Account .. .. .. .. .. .. .. 500,000 0 0 — 864,514 2 7 798,150 7 3 Credits-in-aid, — 982,015 15 2 Vote—Working Railways .. .. .. .. .. .. .. 1,063,613 9 9 7,793,108 11 0 Railway Revenue .. .. .. .. .. .. .. .. .. 7,725,283 19 8 Government Railways Act, 1926, Section 37 (1) (6), — Transfers from Consolidated Fund— 429,068 2 7 Losses on Isolated Sections and Branch Lines .. .. .. .. .. 484,658 14 6 15,301 8 4 Interest on Investments .. .. .. .. .. .. .. .. 23,476 5 3 110,017,644 4 4 Totals .. .. .. .. .. .. .. £10,161,546 11 9 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l rp T . ij.

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

69

ACCOUNT. 1926-27. 1927-28 r„„« EXPENDITURE. Gross. Gross. £ s. d. Annual Appropriation,— £ s. d. £ a. d. 19,981 5 0 Vote—Westport Harbour .. .. .. .. .. .. 41,694 16 3 Unauthorized Expenditure,— 1,166 3 1 Services not provided for .. .. .. .. .. .. 297 13 2 , 41,992 9 5 21,147 8 1 Westport Harbour Amendment Act, 1926, Section 4 (1), — Interest on Advances from Consolidated Fund in terms of Section 5a (2) of the 11,757 6 7 Westport Harbour Act, 1920 .. .. .. .. .. .. .. 6,878 13 3 Public Revenues Act, 1926, Section 139, and Westport Harbour Amendment Act, 1926, Section 3,— 16,000 0 0 Interest recouped to the Consolidated Fund .. .. .. .. 129,478 13 5 3,000 0 0 Sinking Fund recouped to the Consolidated Fund .. .. .. .. 28,911 15 2 158,390 8 7 19,000 0 0 Balance at end of Year,— 15,807 4 8 Cash in the Public Account .. .. .. .. .. .. 1,448 14 1) Investment Account — 66,000 0 0 Securities held .. .. .. • .. .. .. .. 56,000 0 0 57,448 14 11* 81,807 4 8 £133,711 19 4 Totals .. .. .. .. .. .. .. £263,710 6 2 * For explanatory statement see page 73. WAYS ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 7,109,684 18 11 Vote—Working Railways .. .. .. .. .. .. 7,388,249 3 5 Unauthorized Expenditure,— 12 2 6 Services not provided for 7,388,249 3 5 7,109,697 1 5 Government Railways Act, 1926, Section 38 (1) (a), — 2,043,433 0 4 Interest on capital money expended on Railways (on account) .. .. .. 2,130,866 17 10 Balance at end of Year, — 309,795 0 4 Cash in the Public Account .. .. .. .. .. .. 193,200 19 11 Imprests outstanding— 820 6 1 In the Dominion .. .. .. .. .. .. .. 641 0 6 53,898 16 2 In London .. .. .. .. .. .. .. 53,588 10 1 Investment Account— 500,000 0 0 Securities held .. .. .. .. .. .. .. 395,000 0 0 . — 642,430 10 6* 864,514 2 7 £10,017,644 4 4 Totals .. .. .. .. .. .. .. £10,161,546 11 9 * For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l IPT. I

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

70

1926-1927. RECEIPTS. 1927-1928 £ s. d. Balance at beginning of Year, — £ 8. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. Dr. 1,100,000 0 0 Balance at end of Year, — Dr. 1,100,000 0 0 Cash in the Public Account .. .. .. .. .. .. .. Dr. 2,275,000 0 0 £1,100,000 0 0 Totals .. .. .. .. .. .. .. £3,375,000 0 0 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 92 8.

PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT.

R. E. Hayes, Secretary to the Treasury. A. D. Pakk, Examined and found correct. Assistant Secretary to the Treasury. G. F. C. Campbell, Controller and Auditor-General. The Treasury, Wellington, Ist June, 1928. Ist June, 1928.

71

1926-1927. 1927-1928. Gross. EXPENDITURE. Grosj £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Investment Account .. .. .. .. .. .. .. .. 1,100,000 0 0 Balance at end of Year, — Investment Account — 1,100,000 0 0 Securities held .. .. .. .. .. .. .. .. 2,275,000 0 0* £1,100,000 0 0 Totals .. .. .. .. .. .. .. £3,375,000 0 0 * For explanatory statement see page 73. Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.

B.—l [PT. I].

PUBLIC ACCOUNTS, 192 7-1928.

SUMMARY of BALANCES on 31st MARCH, 1928.

72

Oash. Imprksts. Investments. Total. . . Consolidated Fund :— £ s. d. £ s. d. £ s. d. £ s. d. Ordinary Revenue Account .. 1,729,392 2 6 255,038 8 7 1,317,800 19 4 3,302,231 10 5 Nauru and Ocean Islands Account 244 15 9 .. 3,200 0 0 3,444 15 9 Nauru and Ocean Islands Sinking Fund Account .. .. 7 1 0 .. 100 0 0 107 1 0 Accounts of Local Bodies .. 8,457 12 11 .. .. 8,457 12 11 Deposit Accounts .. .. 6,178 9 1 16,898 12 0 252,918 8 0 275,995 9 1 1,744,280 1 3 271,937 0 7 1,574,019 7 4 3,590,236 9 2 Public Works Fund :— General Purposes Account .. 668,314 3 2 37,489 4 5 623,000 0 0 1,328,803 7 7 The Waihou and Ohinemuri Rivers Improvement Account.. 12,078 3 9 .. j .. 12,078 3 9 Electric Supply Account .. 30,803 17 2 41,896 14 9 .. 72,700 11 11 Electric Supply Sinking Fund Account .. .. .. 215 15 0 .. 75,500 0 0 75,715 15 0 711,411 19 1 79,385 19 2 698,500 0 0 1,489,297 18 3 Land for Settlements Account. . 6,277 5 3 .. 180,325 0 0 186,602 5 3 Land for Settlements Account (Discharged Soldiers Settlement Account) .. .. .. 6,889 18 3 .. 45,000 0 0 51,889 18 3 Land for Settlements Account (Opening up Crown Lands for Settlement Account) .. .. 8,630 3 11 .. .. 8,630 3 11 21,797 7 5 .. 225,325 0 0 247,122 7 5 Advances to other Governments Account .. .. .. 32,984 19 11 13,581 9 4 .. 46,566 9 3 Bank of New Zealand Shares Account .. .. .. .. .. 1,800,781 5 0 1,800,781 5 0 Cheviot Estate Account .. 709 12 6| .. 190,680 0 0 191,389 12 6 Conversion Account .. .. 31 5 2 .. .. 31 5 2 Deteriorated Lands Account .. 15,413 9 10 .. .. 15,413 9 10 Discharqed Soldiers Settlement Account .. .. .. 284,139 10 2 4,993 2 11 346,244 8 3 635,377 1 4 Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund Account .. .. 20,241 9 10 .. 396,875 0 0 417,116 9 10 Education Loans Account .. 17,646 12 4 67 16 5 40,000 0 0 57,714 8 9 General Purposes Relief Account .. .. .. 4,537 7 2 .. 25,000 0 0 29,537 7 2 Hauraki Plains Settlement Account .. .. .. 10,395 9 4 .. .. 10,395 9 4 Howard Estate Account .. 011 .. .. .0 1 1 Hunter Soldiers' Assistance Trust Account .. .. 428 16 11 .. 4,050 0 0 4,478 16 11 Hutt Valley Lands Settlement Account .. .. .. 23,833 7 10 .. .. 23,833 7 10 Kauri-gum Industry Account .. 71 16 10 .. .. 71 16 10 Land Assurance Fund Account 800 16 2 .. 81,600 0 0 82,400 16 2 Loans Redemption Account .. 32,012 18 3 .. .. 32,012 18 3 Main Highways Account Revenue Fund .. .. .. 377,859 4 10 2,126 15 3 242,900 0 0 622,886 0 1 Main Highways Account : Construction Fund .. .. 68,746 14 8 3,824 2 10 .. 72,570 17 6 Mining Advances Account .. 7,615 17 6 .. 7,000 0 0 14,615 17 6 National Endowment Account .. 26,989 6 8 .. 108,630 0 0 135,619 6 8 National Endowment Trust Account .. .. .. 944 6 10 .. 32,290 0 0 33,234 6 10 Native Land Settlement Account 8,086 8 9 232 19 9 64,000 0 0 72,319 8 6 Public Debt Repayment Account 187 11 10 .. .. 187 11 10 Railways Improvement Authorization Act 1914 Account .. 90,966 18 8 11,552 9 8 574,250 0 0 676,769 8 4 Rangitaiki Land Drainage Account .. .. .. 3,807 13 0 .. 2,000 0 0 5,807 13 0 Reserve Fund Account .. .. .. 2,000,000 0 0 2,000,000 0 0 State Advances Loan Account .. 412 6 6 .. .. 412 6 6 State Coal-mines Account .. 22,097 16 8 .. 14,300 0 0 36,397 16 8 State Coal-mines Sinking Fund ACCOUNT .. .. .. 5,313 7 4 .. 57,025 .0 0 62,338 7 4 State Forests Account .. 16,829 17 3 954 4 11 20,000 0 0 37,784 2 2 Swamp Land Drainage Account. . 19,262 18 0 .. .. 19,262 18 0 Westport Harbour Account .. 1,448 14 11 .. 56,000 0 0 57,448 14 11 Working Railways Account .. 193,200 19 11 54,229 10 7 395,000 0 0 642,430 10 6 Public Account Cash Balance Investment Account .. .. Dr.2,275,000 0 0 .. 2,275,000 0 0 Totals.. .. .. 1,489,507 4 5 442,885 11 5 11,231,470 0 7* 13,163,862 16 5* ♦ For explanatory statement see page 73.

8.1 [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

EXPLANATORY STATEMENT OF INVESTMENTS.

73

Amounts invested Liability representing within the outstanding Loans Public Account which borrowed from Amounts invested are not available Accounts within the Name of Account. outside the until the Liabilities Public Account, Public Account. shown in Column (4) which Loans are are repaid, or the shown in those Sale of these Accounts as Securities are effected. Investment Balances. (1) _(2) (3) l_ (4) Consolidated Fund : — £ s. d. £ s. d. £ s. d. Ordinary Revenue Account .. .. .. .. 73,383 4 4 1,244,417 15 0 719,453 0 0 Nauru and Ocean Islands Account .. .. .. .. 3,200 0 0 272,120 0 0 Nauru and Ocean Islands Sinking Fund Account .. .. .. 100 0 0 Deposits Account .. .. .. .. .. 33,810 0 0 219,108 8 0 Public Works Fund :— General Purposes Account .. .. .. .. .. 623,000 0 0 505,903 3 0 Waihou and Ohinemuri Rivers Improvement Account .. .. .. 168,500 0 0 Electric Supply Account .. .. .. .. .. .. 134,000 0 0 Electric Supply Sinking Fund Account .. .. ... .. 75,500 0 0 Bank of New Zealand Shares Account .. .. 1,800,781 5 0 Cheviot Estate Account .. .. .. .. 34,900 0 0 155,780 0 0 Discharged Soldiers Settlement Account .. .. 30,394 8 3 315,850 0 0 921,200 0 0 Discharged Soldiers Settlement Loans Act 1920 De- [ preciation Fund Account .. .. .. .. 153,250 0 0 243,625 0 0 Education Loans Account .. .. .. .. 30,000 0 0 10,000 0 0 226,000 0 0 General Purposes Reliee Account .. .. .. 18,000 0 0 7,000 0 0 Hauraki Plains Settlement Account .. .. .. .. .. 198,500 0 0 Hunter Soldiers Assistance Trust Account .. .. .. 4,050 0 0 Kauri-gum Industry Account .. .. .. .. .. .. 17,150 0 0 Land Assurance Fund Account .. .. .. .. 81,600 0 0 Land fob Settlements Account .. .. .. 20,000 0 0 160,325 0 0 309,775 0 0 Land for Settlements : Discharged Soldiers Settlement Account ... .. .. .. .. .. .. 45,000 0 0 30,550 0 0 Main Highways Account : Revenue Fund .. .. 85,000 0 0 157,900 0 0 Mining Advances Account .. .. .. .. .. 7,000 0 0 11,550 0 0 National Endowment Account.. .. .. .. 6,000 0 0 102,630 0 0 National Endowment Trust Account .. .. .. 3,250 0 0 29,040 0 0 Native Land Settlement Account .. .. .. .. 64,000 0 0 430,000 0 0 Railways Improvement Authorization Act 1914 Account 24,000 0 0 550,250 0 0 12,200 0 0 Rangitaiki Land Drainage Account .. .. .. .. 2,000 0 0 135,100 0 0 Reserve Fund Account .. .. .. .. 2,000,000 0 0 State Coal-mines Account .. .. .. .. .. 14,300 0 0 10,000 0 0 State Coal-mines Sinking Fund Account .. .. 5,200 0 0 51,825 0 0 State Forests Account .. .. .. .. .. 20,000 0 0 251,500 0 0 Swamp Land Drainage Account .. .. .. .. .. 185,000 0 0 Westport Harbour Account .. .. .. .. .. 56,000 0 0 Working Railways Account .. .. .. .. 100,000 0 0 295,000 0 0 Public Account Cash Balance Investment Account .. 2,275,000 0 0 Totals .. .. .. .. 6,692,968 17 7 4,538,501 3 0 11,231,470 0 7 4,538,501 3 0

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

SUMMARY showing NET EXPENDITURE for the Year ended 31st March, 1928, compared with that for the Year ended 31st March, 1927.

74

„ Yeas indsd I Year ended „ K0 8 j Credits. 31st March, 1928. 1 31st Makch. 1927. bxPENDiTCHB. | Net. j Net. Consolidated Fund Ordinary Revenue Account— £ s. d. £ s. d. £ s. d. £ a. d. Under Permanent Appropriations .. 17,508,985 14 4 2,629,607 4 8 14,879,378 9 8 14,264,944 15 8 Under Annual Appropriations.. .. 11,883,900 0 7 1,818,374 0 2 10,065,526 0 5 10,091,020 12 1 Miscellaneous .. .. .. 834,309 14 4 .. 834,309 14 4 1,423,474 7 10 Nauru and Ocean Islands Account .. 36,353 11 2 .. 36,353 11 2 36,356 1 2 Nauru and Ocean Islands Sinking Fund Account .. .. .. .. 9,430 0 0 .. 9,430 0 0 8,300 0 0 Accounts of Local Bodies .. .. 33,395 7 10 .. 33,395 7 10 24,274 1 1 Deposits Account .. .. .. I 941,074 18 3 .. 941,074 18 3 1,451,157 19 4 Public Works Fund : — General Purposes Account —- Under Annual Appropriations.. .. 4,115,655 7 6 815,286 6 10 3,300,369 0 8 3,832,685 0 4 Miscellaneous .. .. .. 100,856 18 4 .. 100,856 18 4 755,893 7 7 Waihouand Ohinemuri Rivers Improvement Account .. .. .. .. 179,023 3 7 100,277 10 9 78,745 12 10 69,278 1 10 Electric Supply Account .. .. 1,812,492 17 9 28,932 18 11 1,883,559 18 10 1,628,289 13 6 Advances to other Governments Account 326,441 0 0 .. 326,441 0 0 272,195 6 0 Bank of New Zealand Acts Account .. .. • .. .. 875,000 0 0 | Bank of New Zealand Shares Account .. 234,765 12 4 .. 234,765 12 4 212,476 0 6 Cheviot Estate Account .. .. 6,608 9 3 .. 6,608 9 3 57,629 13 9 Deteriorated Lands Account .. .. 12,186 7 0 4,682 16 3 7,503 10 9 7,005 16 1 Discharged Soldiers Settlement Account 1,883,625 5 2 8,683 14 7 1,774,941 10 7 1,073,790 8 4 Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund Account 4,384 6 1 .. 4,384 6 1 1,959 5 0 Education Loans Account .. .. i 545,168 11 7 171,721 3 6 373,447 8 1 550,953 10 8 General Purposes Relief Account .. j 2,820 5 7 .. 2,820 5 7 2,784 19 8 Hauraki Plains Settlement Acc • vr .. 80,626 13 0 21,115 2 4 59,511 10 8 49,948 9 3 Howard Estate Account .. 239 12 3 .. 239 12 3 239 13 11 Hunter Soldiers Assistance Trust Account .. .. .. .. 139 8 4 .. 139 8 4 127 11 9 Hutt Valley Lands Settlement Account 107,026 11 5 .. 107,026 11 5 5,000 0 0 Kauri-gum Industry Account .. .. 5,676 10 3 103 9 11 5,573 0 4 7,993 5 7 Land Assurance Fund Account .. 3,239 7 0 .. 3,239 7 0 3,005 5 0 Land for Settlements Account .. 597,121 4 2 15,619 6 8 581,501 17 6 558,399 1 8 Land for Settlements Account : Discharged Soldiers Settlement Account 168,932 17 4 1,146 13 5 167,786 3 11 29,836 2 5 Land for Settlements Account : Opening up Crown Lands for Settlement Account 14,720 18 1 238 2 2 14,482 15 11 12,714 4 0 Main Highways Account: Revenue Fund 934,888 7 9 29,880 2 3 905,008 5 6 557,684 10 2 Main Highways Account : Construction Fund .. .. .. .. 608,810 10 2 60,813 2 8 547,997 7 6 549,648 19 4 Mining Advances Account .. .. 1,002 16 11 .. 1,002 16 11 5,336 19 8 National Endowment Account .. 142,840 10 11 .. 142,840 10 11 152,279 7 10 National Endowment Trust Account .. 466 6 2 .. 466 6 2 106 15 10 Native Land Settlement Account .. 139,343 0 9 569 6 2 138,773 14 7 117,550 17 2 Public Debt Repayment Account .. 998,187 16 2 .. 998,187 16 2 939,230 14 0 Railways Improvement Authorization Act 1914 ACCOUNT .. .. .. 1,515,252 8 7 94,109 13 2 1,421,142 15 5 960,739 18 6 Rangitaiki Land Drainage Account .. 20,950 19 8 1,343 17 4 19,607 2 4 10,823 4 3 Samoan Loan Suspense Account .. 29,200 0 0 .. 29,200 0 0 21,000 0 0 State Advances Loan Account .. 1,408,127 11 10 .. 1,408,127 11 10 4,692,082 12 3 STATE COAL-mines ACCOUNT .. .. 317,816 15 11 1,732 3 11 316,084 12 0 286,907 8 4 STATE Forests Account .. .. 320,216 14 3 51,535 13 7 268,681 0 8 236,604 17 8 Swamp Land Drainage Account .. 123,375 19 3 69,655 8 5 53,720 10 10 49,459 2 3 W est PORT Harbour Account .. .. 206,261 11 3 116,205 11 11 90,055 19 4 51,834 8 2 Working Railways Account .. .. 9,519,116 1 3 1,063,613 9 9 8,455,502 11 6" 8,171,114 6 7 Totals .. .. .. 57,735,058 3 4 7,105,246 19 4 50,629,811 4 0 54,109,136 16 0 NOTE.—THIS SUMMARY HAS NOT BEEN AUDITED.

B.—l [PT. I.J

STATEMENT OE ISSUES COMPARED WITH THE SUMS VOTED UNDER THE APPROPRIATION ACT, 1927. PRESENTED UNDER SECTION 86 OF THE PUBLIC REVENUES ACT, 1926.

11 -B. 1 PT. 11.

75

B.—l [Pt. I]

PUBLIC ACCOUNTS, 1927-1928

STATEMENT showing the ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1928, compared with the Sums voted under the Appropriation Act, 1927.

76

(Under Section 86 of the Public Revenues Act. 1926.) i j Amount voted. | j !Crel>its-i:n-Aid! Credits-in-Aid | — j p, 'NDiTORF Amount j Issued in I Credits-in-Aid j received in I received b Credits-in-Aid m._. T j XPE " Unissued. I Excess. estimated.» | Excess of j under the > [ j Annual Vote, j voted. voted. j I Estimate.! [, Estimate. ti » j , f ] £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. , i ° RD 1 ?' AK^ ' Re VENUE Accou*. . | 5,856 18 8 89,053 18 8 103,493 16 1 .. 14,439 17 5 6,513 0 0 .. 656 1 4 1 Legislative Departments •• _ 12 ; 591 0 0 12)6 03 2 5 .. 12 2 5 " .. 3 13 2 Prime Minister s Department .. •• 36 ' 438 0 0 3,757 12 4 40,195 12 4 41,622 17 6 .. 1,427 5 2 4,831 0 0 .. 1,073 7 8 4 N~T Pro P vT"nd Friendly Societies De- 24J95 0 0 311 16 5 25,106 16 5 25,103 16 0 3 0 5 .. 325 0 0 .. 13 3 7 - partment 57 432 0 0 1,500 0 3 58,932 0 3 60,383 1 3 .. 1,451 1 0 2,685 0 0 .. 1,184 19 9 o Land and Income Tax Department .. .. 95 ' 739 0 0 17,124 8 1 112,863 8 1 119,415 1 7 .. 6,551 13 6 17,805 0 0 .. 680 11 11 " «i«:g s 8 -asi ? ••»£'! i '«.!: '8;£8 t :: 7 5K 8 8 :: J sSfefc.:: : : mjS • • ! 5 .AS S S -JS ! :: . gji :: SSF* •: :: 255 • ♦ ».S • J SjS •« »:S" 1 itSil :: »,S 8 8 mi J :: O neoartmeTofTxternal Affairs .. 45,413 0 0 454 12 1 45,867 12 1 35,920 13 7 9,946 18 6 .. 2,500 0 0 .. 2,045 7 11 13 Department ot External Attairs .. 0 0 13,886 4 6 74,347 4 6 63,839 11 3 10,507 13 3 .. 15,100 0 0 .. 1,213 15 6 15 Department of Industries and Commerce " 0 0 2,200 0 0 37,266 0 0 35,944 2 6 1,321 17 6 .. 2,200 0 0 425 15 4 16 DeDartment of Justice Commerc g Q () u>24() (J Q 142j3 5 8 0 0 145,917 9 7 .. 3,559 9 7 11,240 0 0 2,032 15 3 7 91,459 0 0 66,979 7 9 158,438 7 9 161,199 2 1 .. 2,760 14 4 71,000 0 0 .. 4,020 12 3 8 ClSr 5,955 0 0 1,040 0 0 6,995 0 0 6,685 2 3 309 17 9 .. 1,040 0 0 263 19 9 19 Department 426,431 0 0 5,510 0 0 431,941 0 0 424,844 17 5 7,096 2 7 .. 5,510 0 0 1,359 12 7 l, Department " "" " 167,594 0 0 2,832 0 0 170,426 0 0 172,514 15 8 .. 2,088 15 8 2,832 0 0 404 12 4 oV S21T 35,741 0 0 1,260 0 0 37,001 0 0 34,771 0 11 2,229 19 1 .. 1,260 0 0 213 13 9 99 D^r r tment oTlnternal Affairs " " 342,306 0 0 69,846 14 3 412,152 14 3 419,563 5 9 .. 7,410 11 6 71,843 0 0 .. 1,996 5 9 03 Affairs .. .. Q Q () Q 52J28 0 „ 51,928 2 8 199 17 4 .. 22,500 0 0 2,510 19 9 24 Public Service^Commissioner's Office:! " 6,886 0 0 100 0 0 6,986 0 0 6,581 1 0 404 19 0 j .. 100 0 0 118 14 2 95 Printino a,nd Stationery Department 238,966 0 0 .. 238,966 0 0 226,296 14 I 12,669 5 11 26 Mental Department " 286,559 0 0 128,000 0 0 414,559 0 0 409,622 11 11 4,936 8 1 .. 128,000 0 0 6,805 2 0 97 Demrtment of Health " " 266,925 0 0 102,660 0 0 369,585 0 0 351,630 5 3 17,954 14 9 .. 102,660 0 0 2,326 14 8 98 ZlW™ 494,921 0 0 33,507 14 7 528,428 14 7 520,337 15 9 8,090 18 10 .. 35,802 0 0 .. 2,294 5 5 29 Defence Department 472,385 0 0 23.680 0 0 496,065 0 0 507,503 16 11 .. 11,438 16 11 2 3)680 0 0 2,064 17 11 30 CwtoZ Srtaient "8,677 0 0 1,700 0 0 180,377 0 0 179,384 3 0 992 17 0 .. 1,700 0 0 2,660 19 2 31 Marine IJenartment 124,149 0 0 4,975 12 8 129,124 12 8 124,053 16 11 5,070 15 9 .. 7,306 0 0 .. 2,330 7 4 39 Department of Labour 60,686 0 0 1,862 0 0 62,548 0 0 58,530 18 9 4,017 1 3 .. 1,862 0 0 188 8 0 33 Department of Lands and Survey !! !! 186,917 0 0 120,130 0 0 307,047 0 0 306,701 2 4 345 17 8 .. 120,130 0 0 49 2 1 34 Scenerv Preservation 6,604 0 0 22 5 2 6,626 o 2 6,599 10 10 26 14 4 .. 108 0 0 .. ] 85 14 10 315 v a wfon Department 51,774 0 0 11,162 0 0 62,936 0 0 63,356 2 11 .. 420 2 11 11,162 0 0 583 14 0 36 Electoral Demrtment » 792 0 0 50 0 0 9,842 0 0 9,806 12 7 35 7 5 .. 50 0 0 29 10 6 37 Department of Agriculture " ' 386,855 0 0 88,025 0 0 474.880 0 0; 462,397 0 1 12,482 19 11 .. 88,025 0 0 8,762 6 3 38 Department of Tourist and Health Re'sorts " 77,010 0 0 633 10 6 77,643 10 6 77,504 4 9 139 5 9 .. 1,003 0 0 .. 369 9 6 39 Department of Education 3,036,920 0 0 250,565 0 0 3,287,485 0 0 3,254,531 14 4 32,953 5 8 .. 250,565 0 0 4,351 11 9 40 Department of Scientific and Industrial Research 46,829 0 0 4,019 4 7 50,848 4 7 48,842 6 2 2,005 18 5 .. 9,780 0 0 .. 5,760 15 5 Services not provided for . £27,290 7 0 Less amounts recovered or transferred to votes .. 11,347 11 8 . .. .. .. 10,942 lo 4 .. 15,942 15 4 Total .. .. 10,308,596 0 0 1,771,351 8 5 12,079,947 8 5 11,865,874 13 4 281,576 0 10 ;67,503 5 9 j 1,853,735 0 0 35,674 8 0 82,383 11 7 ! Nauru and Ocean Islands Account. 41 | Nauru and Ocean Islands .. .. • • 600 0 0 . 600 0 0 505 0 0 95 0 0 .. I -j j .. * These are the amounts shown in column 4- of the Schedule to the Appropriation Act, and are voted only to the extent to which they are actually received. t These credits have not been appropriated, and are not available for expenditure except under the provisions of section 51, subsection (3), oi the Public Revenues Act, 1926.

STATEMENT showing the ISSUES from the PUBLIC WORKS FUND for the FINANCIAL YEAR ended 31st March, 1928, compared with the Sums voted under the Appropriation Act, 1927.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-19 2 8

77

(Under Section 86 of the Public Revenues Act, 1926.) Amount voted. | Credits- Credits-in-Aid Credits-in-Aid j p j ; j p XPFND T r | Amount | Issued in in-Aid | received in received > Annual Vote. ! Total voted. ' ' ~ . i voted. | ted.* Estimate. f Estimate. I I I ; I ; I I General Purposes Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ £ s. d. £ s. d. , 42 i Public Works, Departmental .. 141,397 0 0 106,814 10 7 248,211 10 7 237,502 7 1 10,709 3 6 .. 112,459 .. 5,644 9 5 ! 43 Railway-construction .. •• 1,007,000 0 0 108,027 9 6 1,115,027 9 6 1,016,696 6 10 98,331 2 8 .. 120,000 .. 11,972 10 6 44 j Additions to Open Lines .. . • 500,000 0 0 5,000 0 0 505,000 0 0 401,948 15 0 103,051 5 0 .. 5,000 163,795 13 5 Public Buildings :— | 45 General .. .. 61,000 0 0 274 17 11 61,274 17 11 42,828 7 3 18,446 10 8 .. 870 .. 595 2 1 46 Courthouses .. .. ■■ 12,500 0 0 1 10 0 12,501 10 0 7,532 10 2 4,968 19 10 .. 100 .. 98 10 0 47 1 Prison Buildings and Works .. 25,000 0 0 1,000 0 0 26,000 0 0 23,621 12 9 2,378 7 3 .. 1,000 262 17 5 48 I Police-stations .. • • 10,000 0 0 28 0 11 10,028 0 11 5,589 6 4 4,438 14 7 .. 500 .. 471 19 1 49 Postal and Telegraph .. .. 100,000 0 0 125 17 0 100,125 17 0 77,319 7 5 22,806 9 7 .. 1,000 .. 874 3 0 50 i Agricultural .. .. 4,600 0 0 .. 4,600 0 0 2,862 12 7 1,737 7 5 .. 169 .. 169 0 0 511 Mental Hospital Buildings .. 90,000 0 0 187 1 0 90,187 1 0 51,305 12 7 38,881 8 5 .. 1,000 .. 812 19 0 i 52 ' Health and Hospital Institutions .. 26,500 0 0 13,172 9 2 39,672 9 2 27,533 12 3 12,138 16 11 .. 15,000 .. 1,827 10 10 53 Timber-supply and Sawmills, &c. for 15,000 0 0 23,934 3 6 38,934 3 6 16,937 0 10 21,997 2 8 .. 25,000 .. 1,065 16 6 Public Works Department I 54 | Acquisition and Operation of Quarries 25,000 0 0 34,601 0 1 59,601 0 1 25,276 2 8 34,324 17 5 .. 38,000 .. 3,398 19 11 for Public Works Department 55 ! Lighthouses .. .. .. 8,000 0 0 111 7 7 8,111 7 7 8,090 9 8 20 17 11 .. 250 .. 138 12 5 56 Harbour-works .. .. .. 17,250 0 0 250 0 0 17,500 0 0 17,085 1 3 414 18 9 .. 250 943 16 0 57 | Development of Tourist Resorts .. 50,000 0 0 165 0 4 50,165 0 4 36,838 7 1 13,326 13 3 .. 2,000 .. 1,834 19 8 1 58 ! Department of Immigration .. 125,000 0 0 100,890 0 0 225,890 0 0 177,617 9 4 48,272 10 8 .. 100,890 9,570 5 11 I 59 | Roads, &o. .. .. .. 793,500 0 0 98,503 11 3 892,003 11 3 768,335 18 4 123,667 12 11 .. 152,000 .. 53,496 8 9 60 Roads to give Access to Outlying 50,000 0 0 4,240 4 2 54,240 4 2 37,882 8 9 16,357 15 5 .. 5,000 .. 759 15 10 Districts 61 Roads on Goldfields .. .. 4,750 0 0 23 16 9 4,773 16 9 2,354 5 8 2,419 11 1 .. 300 .. 276 3 3 62 j Telegraph Extension .. . . 750,000 0 0 59,006 15 3 809,006 15 3 684,546 10 5 124,460 4 10 .. 120,000 .. 60,993 4 9 63 | Contingent Defence .. .. 50,000 0 0 .. 50,000 0 0 40,127 18 7 9,872 1 5 .. .. 141 10 6 64 Lands, Miscellaneous .. .. 119,100 0 0 4,010 2 1 123,110 2 1 76,908 3 6 46,201 18 7 .. 5,000 I .. 989 17 11 65 ! Irrigation, Water-supply, and Drainage 83,320 0 0 4,000 0 0 87,320 0 0 54,997 3 3 ' 32,322 16 9 .. 4,000 I 1,262 1 2 66 Plant, Material, and Stores .. 40,000 0 0 74,514 2 10 114,514 2 10 73,226 0 5 41,288 2 5 .. 100,000 .. 25,485 17 2 67 j Transfer to Main Highways Account 200,000 0 0 .. 200,000 0 0 200,000 0 0 .. .. j Construction Fund .. Services not provided for £691 17 6 Less amounts transferred to votes .. 428 2 6 .. .. .. 263 15 0 .. 263 15 0 Total .. .. 4,308.917 0 0 638,88119 11 4,947,798 19 11 4,115,227 5 0 832,835 9 11 263 15 0 809,788 175,976 4 5 170,906 0 1 j I Electric Supply Account. 68 Development of Water-power .. ! 1,340,000 0 0 28,932 18 11 1,368,932 18 11 1,418,273 10 10 .. 49,340 11 11 33,000 .. 4,067 1 1 * These are the amounts shown in column 4 of the Schedule to the Appropriation Act, and are voted only to the extent to which they are actually received. t These credits have not been appropriated, and are not available for expenditure except under the provisions of section 51, subsection (3), of the Public Revenues Act, 1926. . OTI'J " ■-,n" *

B.—l [PT. I].

STATEMENT showing the ISSUES from SEPARATE ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1928, compared with the Sums voted under the Appropriation Act, 1927.

PUBLIC ACCOUNTS, 19 2 7-1928.

78

— L , . (Under Section 86 of the Public Revenues Act, 1026.) Amount voted. | ] Credits-in-Aid Credits-in Aid .—• j jj XFEKDITURlfi Amount | Issued in I Credits -in- Aid received received h I , „ Credits-in-Aid! 1 ' \ Unissued. | Excess. estimated.* in Excess op under the o Annual Vote. : Iotal voted. Estimate. f Estimate. I 1 1 I I . - . Discharged Soldiers Settlement Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 69 Expenses of Management .. .. •• 40,295 0 0 .. 40,295 0 0 40,021 3 9 273 16 3 .. 500 .. 500 Land for Settlements Account. 70 Land for Settlements Expenses .. 4,773 0 0 .. 4,773 0 0 3,569 16 3 1,203 3 9 .. 50 0 0 .. 50 0 0 Services not provided for .. £24 3 10 j Less amounts transferred to vote .. .. .. 24 3 10 i " [j ! U *j_ U | [j U I LL__ Land for Settlements Account. Discharged Soldiers Settlement Account. 71 Land for Settlement of Discharged Soldiers: Expenses .. .. .. .. 3,137 0 0 637 11 0 3,774 11 0 1,362 13 7 2,411 17 5 .. 685 0 0 .. 47 9 0 Land for Settlements Account. Opening up Grown Land for Settlements Account. \ 72 Opening up Land for Settlements .. .. 21,500 0 0 238 2 2 21,738 2 2 6,574 18 9 15,163 3 5 .. 500 0 0 .. 261 17 10 Main Highways Account. Main Highways Revenue Fund. \ 73 Maintenance of Main Highways .. .. 725,000 0 0 15,000 0 0 740,000 0 0 601,824 15 9 ;138,175 4 3 .. 15,000 0 0 14,880 2 3 Main Highways Account. Main Highways Construction Fund. I 74 Main Highways .. .. ..I 675,000 0 0 40,000 0 0 715,000 0 0 : 608,810 10 2 106,189 9 10 .. 40,000 0 0 ! 20,813 2 8 Native Land Settlement Account. 75 Native Land Purchase Expenses .. .. 5,105 0 0 98 19 9 5,203 19 9 3,966 10 8 1,237 9 1 .. 100 0 0 .. 1 0 3 State Coal Mines Account. 76 State Coal-mines .. .. .. .. 301,065 0 0 1,732 3 11 302,797 3 11 304,131 11 5 .. 1,334 7 6 2,350 0 0 .. 617 16 1 1 State Forests Account. 77 State Forests Service .. .. .. 249,393 0 0 1,535 13 7 250,928 13 7 215,711 15 9 35,216 17 10 .. 2,447 0 0 .. 911 6 5 Services not provided for .. .. .. .. .. .. I 558111 .. 558111 VVestport Harbour Account. 78 VVestport Harbour .. 54,755 0 0 85 0 0 54,840 0 0 41,694 16 3 13,145 3 9 .. 85 0 0 145 9 0 J • • I Services not provided for .. £297 13 2 Less amounts transferred to vote .. .. .. 297 13 2 : i —. — Working Railways Account. 79 j Working Railways .. .. .. 6,585,568 0 0 985,000 0 0 7,570,568 0 0 7,388,249 3 5 182,318 16 7 .. 985,000 0 0 78,613 9 9 * These are the amounts shown in column 4 of the Schedule to the Appropriation Act, and are voted only to the extent to which they are actually received. t These credits have not been appropriated, and are not available for expenditure except under the provisions of section 51, subsection (3), of the Public Revenues Act, 1926.

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT showing the ISSUES from ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT for the FINANCIAL YEAR ended 31st March, 1928, compared with the Amounts voted under the Appropriation Act, 1927.

Examined and found correct. B. E. Hayes, _ Secretary to the Treasury. G. F. C. Campbell, Controller and Auditor-General. „ „ A. D. Park, 14th July, 1928. Assistant Secretary to the Treasury. The Treasury, 11th July, 1928.

79

(Under Section 86 of the Public Revenues Act, 1926.) . 1 Amount voted. j ! j p KEDITS N ! Credits -in-Aid Credits-in-h . , j j Expenditure Amount Issued in ' . _I " I received Aid received 5 . tt Credits-in-Aid 1 „ ' ! unissued. Exoess. * i in Excess op under the > | ANNUAL VoTB - I VOTED. T0TAL V0TED - I ESTIMATED.* | Es TI M AT E. t ESTIMATE. Public Trustee's Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 80 Public Trust Office .. .. .. .. ! 238,014 0 0 .. I 238,014 0 0 229,955 2 0 I 8,058 18 0 ! i ________ Native Tkustee's Account. 81 Native Trust Office .. .. .. .. 14,266 0 0 .. 14,266 0 0 11,489 8 3 j 2,776 11 9 Government Insurance Account. 82 Government Insurance .. .. .. .. 117,248 0 0 633 0 0 117,881 0 0 106,370 17 10 11,510 2 2 .. 875 0 0 .. 242 0 0 — ' ! Public Service Superannuation Fund Account. 83 Public Service Superannuation Fund Office .. .. 7,860 0 0 .. 7,860 0 0 7,933 14 11 .. 73 14 11 .. 200 6 10 . . — - -— ■ ■— ■—- —-—- — ■— State Fire Insurance Account. 84 State Fire Insurance .. .. .. .. 34,766 0 0 7,550 0 0 42,316 0 0 37,750 6 5 4,565 13 7 .. 7,550 0 0 867 0 0 Government Accident Insl t rance Account. 86 Government Accident Insurance .. .. . 17,940 0 0; .. 17,940 0 0 15,048 2 0 j 2,891 18 0 State Advances Account. 86 State Advances .. .. .. .. . 67,007 0 0 15,891 5 9 82,898 5 9! 85,979 3 1 .. 3,080 17 4 17,280 0 0 .. 1,388 14 3 Services not provided for .. .. .. .. .. .. .. j 5,693 6 6 .. 5,693 6 6 * These are the amounts shown in column 4 of the Schedule to the Appropriation Act, and are voted only to the extent to which they are actually received. t These credits have not been appropriated, and are not available for expenditure except under the provisions of section 51, subsection (3), of the Public Revenues Act, 1926.

80

B.—l FPt. I].

B.—l [Pt. I.]

STATEMENT OF DISBURSEMENTS UNDER THE CIVIL LIST ACT. 1930. PRESENTED IN TERMS OF SECTION 65 OF THE NEW ZEALAND CONSTITUTION ACT, 1852.

81

B. —1 [Pt. IJ.

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND (Ordinary Revenue Account) for the Financial Year ended 31st March, 1928, under the Civil List Act, 1920, Parts I, II, and V.

82

(Presented in terms of Section 65 of the Constitution Act, 1852.) CIVIL LIST. £ s. d. £ s. d. £ s. d. PART I His Excellency the Governor-General :— General Sir Charles Fergusson, Baronet, LL.D., G.C.M.G., K.C.B., D.S.O., M.V.O. — Salary, 1st April, 1927, to 31st March, 1928 .. .. 5,000 0 0 Allowance, 1st April, 1927, to 31st March, 1928 .. .. 2,500 0 0 7,500 0 0* PART II. Establishment of the General Government :— The Prime Minister, Minister of Railways, Minister of ! Native Affairs, Minister in Charge of Public Trust and | Native Trust Departments,— Right Hon. J. G. Coates, P.C.— Salary, 1st April, 1927, to 31st March, 1928 .. .. 1,800 0 0 Leader of the Legislative Council, and Member of the Executive Council without portfolio,— Right Hon. Sir Francis Bell, P.C., G.C.M.G., K.C.— House allowance, 1st April, 1927, to 31st March, 1928 j .. 200 0 0| I Minister of Finance, Minister of Stamp Duties, Minister of Customs, Minister in Charge of Land and Income Tax and State Advances Department,— Hon. W. Downie Stewart— Salary, 1st April, 1927, to 31st March, 1928 .. .. 1,170 0 0 Postmaster-General, Minister of Telegraphs, Minister of | External Affairs, Minister of Immigration, Minister in Charge of Legislative, Tourist and Health Resorts, Government Life, State Fire, and Public Service Superannuation Departments,— Hon. W. Nosworthy— Salary, 1st April, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 1st April, 1927, to 31st March, 1928 200 0 0 1,370 0 0 Minister of Labour, Minister of Mines, Minister of Marine, Minister in Charge of Pensions, Minister in Charge of Printing and Stationery, Publicity, and Inspection of Machinery Departments,— Hon. G. J. Anderson — Salary, 1st April, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 1st April, 1927, to 31st March, 1928 200 0 0 1,370 0 0 Member of the Executive Council without portfolio,— Hon. Sir R. Heaton Rhodes— House allowance, 1st April, 1927, to 31st March, 1928 .. 200 0 0 Minister of Lands, Minister of Industries and Commerce, Minister in Charge of Electoral, Valuation, Land for Settlements, Discharged Soldiers' Settlement, and Scenery Preservation Departments,— Hon. A. D. McLeod— Salary, 1st April, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 1st April, 1927, to 31st March, 1928 200 0 0 1,370 0 0 Minister for Cook Islands and Member of the Executive Council representing the Native race, — Hon. Sir M. Pomare — Salary, 1st April, 1927, to 31st March, 1928 . . 990 0 0 House allowance, 1st April, 1927, to 31st March, 1928 200 0 0 1,190 0 Of 1 Carried forward .. .. .. . . 8,670 0 0 i 7,500 0 0 I I | _ I ♦ See also under " Special Acts," Appropriation Act, 1926. Section 15. B.-l [Pt. II]. t £180 also paid and charged under " Special Acts," Appropriation Act, 1926. Section 24 (2). B.-l [Pt. IIJ.

B.—l [Pt. I]

PUBLIC ACCOUNTS, 1 927-1 928.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND —continued.

R. E. Hayes, Examined and found correct. Secretary to the Treasury. G. F. C. Campbell, A. D. Park, Controller and Auditor-General. Assistant Secretary to the Treasury. 11th July, 1928. The Treasury, Wellington, 10th July, 1928.

12— B. 1 [PT. I].

83

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. .. 8,67000 7,500 0 0 PART II—continued. Establishment of the General Government —continued. 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, 1927, to 24th August, 1927 .. .. 468 12 7 Minister of Agriculture, Commissioner of State Forests, — Hon. 0. J. Hawken — Salary, 1st April, 1927, to 31st March, 1928 .. .. 1,170 0 0 Attorney-General, Minister of Justice, Minister of Defence, Minister in Charge of Police, Prisons, and War Pensions Departments,— Hon. F. J. Rolleston — Salary, 1st April, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 1st April, 1927, to 31st March, 1928 200 0 0 — 1,370 0 0 Minister of Health, Minister in Charge of Mental Hospitals Department,— Hon. J. A. Young— Salary, 1st April, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 1st April, 1927, to 31st March, 1928 200 0 0 — 1,370 0 0 Minister of Education, Minister in Charge of Friendly Societies and National Provident Fund Departments,— Hon. R. A. Wright— Salary, 24th May, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 24th May, 1927, to 31st March, 1928 200 0 0 1,370 0 0 Minister of Public Works, Minister in Charge of Roads and Public Buildings,— Hon. K. S. Williams — Salary, 12th June, 1927, to 31st March, 1928 .. 1,170 0 0 House allowance, 12th June, 1927, to 31st March, 1928 .. .. .. .. .. 200 0 0 — 1,370 0 0 15,788 12 7 PART V. Native :— Transfer to Vote Health, being Civil List contribution towards Maori medical services .. .. .. .. 3,600 0 0 Medical services rendered to Natives .. .. .. .. 13 10 5 Food-supplies .. .. .. .. .. .. 2,774 13 9 Native Hostel, New Plymouth—Household requisites .. .. .. .. 87 5 7 Water-supply .. .. .. .. .. 118 13 0 205 18 7 Native Hostel, Bluff — Renovations .. .. .. .. .. 186 0 7 Household requisites .. .. .. .. 34 4 5 Legal expenses .. .. .. .. .. 13 12 6 233 17 6 Pedigree Shorthorn bulls for Maori suppliers to the Te Kao Dairy Factory .. .. .. .. .. 20 0 0 Purchase of bulls for Native farmers of Peria .. .. 26 9 4 Toatoo water-supply .. .. .. .. .. 15 0 0 Balance of amount due by South Island Natives on purchase of present to H.R.H. Prince of Wales .. .. 55 19 6 Contingencies .. .. .. .. .. •. 54 10 11 7,000 0 0 Total .. .. .. .. .. .. £30,288 12 7

B.—l [p T . I].

84

B.—l |Pt. I].

UNAUTHORIZED EXPENDITURE ACCOUNT PRESENTED UNDER SECTION 58 OP THE PUBLIC REVENUES ACT, 1926.

85

B.—l [Pt. I].

PUBLIC ACCOUNTS, 1927-192 8.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1928.

86

I j (Under Section 58 of the Poblio Revenues Act, 1926.) CONSOLIDATED FUND. Ordinary Revenue Account. FOR SERVICES NOT PROVIDED FOR. £ s. d. j fad. £ s. d. £ s. d. Legislative Department— Bonus for sessional employees, 1927 session .. .. .. 565 15 0 National Provident and Friendly Societies Department— Salary of A. J. E. Wiggs, clerk, from 1st April, 1928, to 26th July, 1928, granted special leave on retirement.. . . 121 11 2 Post and Telegraph Department— Compensation and medical expenses to G. F. McKay, storeman, injured whilst on duty .. .. .. 235 10 0 Compensation to R. Stewart, labourer, for injuries sustained whilst on duty .. .. .. . . 149 10 2 Compensation to W. T. Morrison, labourer, for injuries sustained whilst on duty.. .. .. .. # 387 15 4 Compensation to F. Wagner, labourer, for injuries sustained whilst on duty.. .. .. .. 519 2 4 Compensation to J. W. Duffy for cost of repairs to motorcar and injury to finger sustained through collision with rope stretched across road by line party whilst replacing a telegraph pole . . .. .. 140 0 0 Compensation to J. D. Haar, labourer, for injuries sustained whilst on duty, and cost of artificial limb supplied .. . . .. .. .. 288 10 8 Compensation to H. M. Keith for damages to motor-car caused in collision with departmental truck . . 53 0 0 Compensation to H. G. Kammel, linesman, for injuries sustained through collision with guy-rope used by line party replacing a broken telegraph-pole .. . . 75 0 0 Payment to Marine Department, being proportion of subsidy to Bluff - Stewart Island services .. .. 333 0 0 2,181 8 6 Native Department— Cost of food supplies. &c., to indigent Natives .. .. 448 11 3 External Affairs Department— Grant to J. D. Gray, Secretary, Department of External Affairs, equivalent to six months' salary in lieu of leave on retirement .. .. .. . . .. 412 10 0 Cook Islands Department— Grant to P. Ruston, teacher, equivalent to salary and half tropical allowance in lieu of leave on retirement 35 8 4 Grant to R. B. Wicks, teacher, equivalent to salary and half tropical allowance in lieu of leave on retirement 70 16 8 Expenses and allowances of Chief Clerk accompanying the Hon. Minister for Cook Islafids to Fiji to consider matters in connection with Makogai Leper Station .. 74 3 9 180 8 9 Industries and Commerce Department— Expenses in connection with the return to London of the Ministry of Health exhibit loaned to New Zealand Government for display at the New Zealand South , Seas Exhibition . . .. .. .. .. 246 9 11 J ustice Department— Compassionate allowance to widow of the late J. W. Poynton .. .. .. .. .. 900 0 0 Compassionate allowance to widow of the late Mr. J ustice Alpers .. .. .. .. .. 1,500 0 0 2,400 0 0 Police Department— Compassionate allowance to widow of the late Senior Sergeant T. Barratt . . . . .. . . 90 0 0 Part cost of extradition of J. M. Smith, from Australia, being amount in excess of deposit .. .. 8 16 11 98 16 11 Mines Department— Half cost of flooding Dobson Mine subsequent to the mine explosion .. .. .. .. .. .. 43 6 9 Carried forward .. .. .. 6,698 18 3

B.—l [Pt. i]

PUBLIC ACCOUNTS, 1927-192 8.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued.

87

CONSOLIDATED FUND —continued. Ordinary Revenue Account—continued. FOR SERVICES NOT PROVIDED FOR —continued. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 6,698 18 3 Internal Affairs Department— Grant to the Hon. the Acting - Minister of Internal Affairs and Cook Islands, in connection with visit to Fiji .. .. .. .. .. 50 0 0 Payment to Marine Department for services of G.S.S. " Tutanekai," parliamentary trip to Picton .. 55 18 1 Payment to State Advances Office of interest and principal on loan to W. J. Mather, permanently incapacitated whilst a State employee .. .. 24 5 5 Subsidy 3s. per carcass, or pair of hind-quarters, on export of deer .. .. .. .. .. 280 Expenditure incurred in connection with search for missing airmen, Captain Hood and Lieutenant Moncrieff* .. .. .. .. .. 226 8 7 Locomotion expenses and allowances to delegates attending Special Medical Committee Meeting on Hospital Staffing and Control of Operations— Amount issued in anticipation of the Appropriation Act, but not included in the Estimates, pursuant to section 58 (6) of the Public Revenues Act, 1926 6 9 6 365 9 7 Printing and Stationery Department— Grant to Mrs. Kroupa, equivalent to six weeks' leave, j due to the late V. L. Kroupa, compositor .. .. .. 35 5 0 Mental Hospitals Department— Ex gratia payment to Miss A. Brown because of her partial dependency upon her late brother, Robert Mark Brown, fatally injured whilst employed in the Public Service .. .. . . .. .. 300 0 0 Repayment of funeral expenses to Mrs. E. Vroblfski in connection with the late R. M. Brown .. .. 19 17 6 Compassionate allowance to widow of the late J. A. Fraser, Deputy Head Attendant, Seacliff Mental Hospital .. .. .. .. .. 150 0 0 Compassionate allowance to widow of the late J. H. Anderson, Chief Engineer, Porirua Mental Hospital .. 640 0 0 — 1,109 17 6 Health Department— Grants to widows and dependants of deceased officers, equivalent to salary for leave due, as under : — R. J. McKenzie, late Inspector of Health, Christchurch .. .. .. .. .. 41 5 2 A. E. Skynner, late Inspector of Health, Auckland 26 13 4 W. A. Keeble, late clerk, Head Office .. .. 29 11 8 C. E. Eccles, late clerk, Head Office .. .. 24 11 8 Compensation to widow of Richard James McKenzie, late Inspector of Health, Christchurch, who died from injuries sustained whilst on duty .. .. .. 1,018130 Travelling and other expenses of Dr. Sydney Allen for investigating and preparing report on maternal mortality in Holland .. .. .. . . 150 0 0 1,290 14 10 Defence Department— Grant to Captain E. H. Sawle, equivalent to three months' salary in lieu of leave on retirement (£128 15s.) and three months'accrued war leave (£113 15s.) .. 242 10 0 Grant to Colonel C. G. Powles, equivalent to three months' leave on retirement (£212 10s.) and accrued war leave (£191 5s.) .. .. .. .. 403 15 0 Grants to widows of equivalent of leave due to their late husbands, as under :— Mrs. M. Thomson, widow of late Lieutenant J. Thomson . . .. .. .. .. 123 10 0 Mrs. A. E. Hicks, widow of late Private A. E. Hicks 30 9 0 Payment to Corporal J. A. Maher, equivalent to three months'leave and accrued war leave on retirement .. 132 18 4 Grant to Captain J. T. Rockstrow, equivalent to three months' salary (£128 15s.) and three months' accrued war leave on retirement (£113 15s.) .. .. 242 10 0 Salary of W.O. I, W. H. Grigg for period 1st April to 31st May, 1928, on returning to England on termination of engagement with New Zealand Government . . 57 15 7 Grant to Corporal A. J. Cheater, equivalent to three months' salary on retirement .. .. .. 79 7 0 1,312 14 11 Carried forward .. .. .. .. 10,81301 * See also amount (£673) provided in estimates for 1928-29. (Vote: Department of Internal Affairs, Subdivision X, Miscellaneous Services.)

B.—l [PT. I]

PUBLIC ACCOUNTS, 1927-192 8.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT —continued.

88

CONSOLIDATED FUND —continued. Ordinary Revenue Account —continued. FOR SERVICES NOT PROVIDED FOR—continued. £ s. d. £ s. d. £ 8. d £ s. d. Brought forward .. .. .. .. 10,813 0 1 Customs Department— Moneys misappropriated by an officer of the Customs Department, Auckland .. .. .. .. .. 963 8 6 Labour Department— Grant to R. A. Bolland, Inspector of Scaffolding, &c., equivalent to three months' salary in lieu of leave on retirement .. .. .. .. .. 90 0 0 Expenses in connection with the Industrial Conference.. 360 9 9 450 9 9 Lands and Survey Department— Compassionate allowance to widow of the late S. Parkinson, draughtsman and computer, Lands and Survey Department .. .. .. .. .. 89 0 0 Compassionate allowance to widow of the late A. L. H. Hay, surveyor, Lands Department .. .. 122 10 0 Compassionate allowance to widow of the late W. J. Burch, clerk, Lands and Survey Department .. 150 0 0 Payment to Mrs. J. C. Burch of monetary equivalent to six weeks' leave due to the late W. J. Burch .. 44 0 7 Payment of launch-hire incurred in connection with the visit of a parliamentary party to Kapiti Island .. 7 10 0 Additional grant to the Wanganui River Trust to enable urgent work to be undertaken while the river is at a low level .. .. .. .. .. 1,000 0 0 j Salary of E. Reweti, clerk, Lands and Survey Department, for period 1st to 17th April, 1928 .. .. 8 19 5 — 1,422 0 0 ; Valuation Department— Compassionate allowance granted to widow of the late R. W. Elley, clerk, Valuation Department, Invercargill 84 0 0 Compassionate grant to widow of the late W. F. Thompson, District Valuer, Whangarei .. .. .. 282 10 0 — 366 10 0 Agriculture Department— Grant to C. W. Branigan, Inspector of Stock, equivalent to one month's salary in lieu of leave on retirement.. 31 13 4 Compensation to C. Stanton, temporary butter-moisture tester, under the Workers' Compensation Act, for injuries sustained whilst on duty .. .. .. 265 15 7 Grant to widow of the late W. R. Harkness, Dairy Instructor, Hamilton, being equivalent of one month's leave .. .. .. .. .. .. 42 18 4 Travelling-expenses, &c., of C. S. M. Hopkirk, officer in charge Veterinary Laboratory, Wallaceville, visiting Australia for the purpose of attending the Australian Veterinary Association's Conference .. .. 64 13 3 Grant to A. J. Hickman, Veterinarian, equivalent to one month's salary in lieu of leave on retirement .. 37 1 8 Compensation under Workers' Compensation Act, 1922, for death of G. W. Jessen, temporary butter-moisture tester, Wellington, paid to Public Trustee in terms of section 38 of the Act .. .. .. .. 250 0 0 Funeral and medical expenses paid to mother of the late G. W. Jessen .... .. .. .. 19 4 0 — — 711 6 2 Tourist and Health Resorts Department— Subsidy granted to Rakiura Tennis Club, Half-moon Bay, Stewart Island .. .. .. .. . • 150 0 0 Education Department— Salary of W. A. Ballantyne, late Inspector of Schools, for period 1st to 15th April, 1928, on retirement .. 27 14 2 Refund of passage-money from London to New Zealand to Mr. James Masterton, Art Lecturer at Christchurch Training College . . . . .. .. 75 0 0 Salary of Mrs. I. C. Greensmith, Native-school teacher, for period 1st to 30th April, retired from the Service.. 13 6 8 Grant to Miss Maria Douds, teacher, in consideration of loss accrued through being injured during employment 150 0 0 — 266 0 10 Carried forward .. .. .. .. 15,142 15 4

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-192 8.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued.

89

CONSOLIDATED FUND —continued. Ordinary Revenue Account—continued. FOR SERVICES NOT PROVIDED FOR—continued. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. .. 15,142 15 4 Scientific and Industrial Research Department— Compassionate allowance granted to widow of the late P. G. Morgan, Director, Geological Survey .. .. 800 0 0 15,942 15 4 FOR SERVICES IN EXCESS OF VOTES. Vote 1 —Legislative Departments .. .. .. .. 14,439 17 5 i Vote 2- —Prime Minister's Department .. .. .. ! 12 2 5 j Vote 3 —Treasury Department .. .. .. .. 1,427 5 2 Vote 5—Land and Income Tax Department .. .. .. 1,451 1 0 I Vote 6 —Stamp Duties Department .. .. .. 6,551 13 6 Vote 16—Department of Justice .. .. .. .. 3,559 9 7 Vote 17—Prisons Department .. .. .. .. 2,760 14 4 | j Vote 20 —Pensions Department .. .. ., .. 2,088 15 8 Vote 22 —Department of Internal Affairs .. .. .. 7,410 11 6 j Vote 29—Defence Department .. .. .. .. 11,438 16 11 | Vote 35 —Valuation Department .. .. .. .. 420 2 11 51,560 10 5 67,503 5 9 PUBLIC WORKS FUND. General Purposes Account. FOR SERVICES NOT PROVIDED FOR. Compassionate allowance to widow of the late C. H. Lawn, Office Engineer .. .. .. .. .. .. 200 0 0 Salary of J. R. Marks, District Engineer, for April, 1928, on retirement .. .. .. .. .. .. 63 15 0 263 15 0 Electric SupplyJ'Account. FOR SERVICES IN EXCESS OF VOTES. Vote 68—Development of Water-power .. .. .. .. 49,340 11 11 49,604 6 11 SEPARATE ACCOUNTS. State Coal-mines Account. FOR SERVICES IN EXCESS OF VOTES. Vote 76—State Coal-mines .. .. .. .. .. .. 1,334 7 6 State Forests Account. FOR SERVICES NOT PROVIDED FOR. Payment of estimated judgment in action N.Z. Redwoods, Ltd. v. The Crown . . .. .. .. .. .. 250 0 0 Compensation to F. Gill, labourer, for injuries sustained whilst employed at Riverhead Plantation .. .. .. .. 308 111 558 1 11 ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT. Public Service Superannuation Fund Account. FOR SERVICES IN EXCESS OF VOTES. Vote 83 —Public Service Superannuation Fund Office .. .. | .. .. 73 14 11 State Advances Account FOR SERVICES NOT PROVIDED FOR. Brokerage, advertising expenses, and underwriting-com-mission, &c., on issue of £400,000 5-per-cent. rural advances bonds .. .. .. .. .. .. I .. 5,693 6 6 j FOR SERVICES IN EXCESS OF VOTES. Vote 86 —State Advances .. .. .. .. .. j .. 3,080 17 4 ! —j 8,774 3 10 Total .. .. ..I .. j .. .. j £127,848 0 10

B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 928.

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued.

E. E. Hatjes, Secretary to the Treasury. A. D. Park, Assistant Secretary to the Treasury. Examined and found correct. The Treasury, Wellington, 11th July, 1928. G. P. C. Campbell, Controller and Auditor-General. 12th July, 1928.

90

SUMMARY. Unauthorized Expenditure. unauthorized Amount Authority. expended. For services in connection with Working Railways under the control of the Government £ s. d. £ s. d. Railways Department .. .. .. .. .. .. .. . . 100,000 0 0 For all other services .. .. .. .. .. .. .. .. 150,000 0 0 127,848 0 10 £250,000 0 0 127,848 0 10 Total Expenditure in excess oe Appropriation .. .. .. £127,848 0 10

B.—l [Pi. I].

SUMMARY OF CERTIFIED STATEMENTS OF LIABILITIES PRESENTED UNDER SECTION 46 OF THE PUBLIC REVENUES ACT, 1926.

13-B. 1 [Pt. IJ.

91

B. — 1 Pt. Ij

PUBLIC ACCOUNTS, 1927-1928.

SUMMARY of CERTIFIED STATEMENTS of LIABILITIES as on 31st March, 1928, as rendered by respective Departments in terms of Section 46 of the Public Revenues Act, 1926. CONSOLIDATED FUND, ORDINARY REVENUE ACCOUNT. Civil List:— Permanent Charges. £ s. d. Native purposes .. .. .. .. .. .. .. 335 7 6 Under special Acts : — £ s. d. Appropriation Act, 1926, Section 15 .. .. ... 566 17 4 Civil List Act, 1920, Section 17 .. .. . . .. 2 10 9 Defence Act, 1909 .. .. .. . . .. 15 1 6 Education Act, 1914 .. .. .. .. .. 3,147 15 10 Family Allowances Act, 1926 .. .. . . .. 118 10 9 National Provident Fund Act, 1926, Section 42 (2) .. 4,308 0 0 National Provident F'und Act, 1926, Section 70 .. .. 672 0 0 New Zealand University Amendment Act, 1914 .. .. 4,260 0 0 Pensions Act, 1926 — £ s. d. Old-age Pensions .. .. . . .. 167 2 6 Widows' Pensions .. .. .. .. 199 6 8 Military Pensions .. . . .. .. 32 13 4 Miners' Pensions . . . . . . .. 31 19 2 Pensions for the Blind . . . . . . 117 6 442 9 2 Slaughtering and Inspection Act, 1908 .. .. .. 1,832 1 2 Stock Act, 1908 .. .. .. .. 1,616 16 3 War Pensions Act, 1915 .. .. .. .. .. 455 6 10 17,437 9 7 Refunds of Revenue :— Stamp and Death Duties .. .. .. .. .. 2,121 11 10 Registration and other Fees — Births, Deaths, and Marriages . . .. 112 6 By-laws Act, 1910 .. .. . . . . 10 0 0 Explosives and Dangerous Goods Act, 1908 . . 0 15 0 12 7 6 Territorial Revenue .. .. . . . . . . 913 16 7 Miscellaneous Revenue .. .. .. .. .. 4100 3,052 5 11 Votes, Legislative Departments .. .. .. .. .. .. .. 4,296 15 10 Prime Minister's Department .. .. . . . . . . . . . . 128 13 3 Treasury Department .. .. . . . . . . . . 1,398 15 6 National Provident and Friendly Societies Department .. .. .. .. 1,685 13 3 Land and Income Tax Department .. .. .. .. * .. 12,861 2 8 Stamp Duties Department . . . . .. .. . . .. . . 307 15 3 Post and Telegraph Working-expenses .. .. .. .. .. .. 89,229 14 6 Public Buildings .. .. .. .. .. .. .. .. 9,595 7 3 Government and other Domains .. .. .. .. .. . . 82 4 7 Maintenance and Repairs to Roads .. .. .. .. .. .. 7,981 10 5 Maintenance of Irrigation-works, &c. .. .. .. . . . . 1,529 8 5 Native Department .. .. . . . . . . .. . . .. 848 4 4 Department of External Affairs .. .. .. .. .. .. 17,336 15 11 Cook Islands .. .. .. .. .. .. .. .. 5,191 10 5 Department of Industries and Commerce . . .. .. . . . . 92 16 2 Department of Justice .. .. .. .. .. .. .. 4,068 0 3 Prisons Department .. .. .. .. . . . . .. 8,396 10 9 Crown Law Office .. .. .. .. .. .. .. .. 16 13 5 Police Department .. .. .. .. .. .. .. .. 2,744 16 5 Mines Department .. .. .. .. . . . . .. 3, 961 3 5 Department of Internal Affairs .. .. .. .. .. 22, 923 2 3 Audit Department .. .. .. . . . . .. .. .. 364 14 8 Public Service Commissioner's Office .. .. . . .. .. .. 87 11 11 Printing and Stationery Department .. . . .. .. .. 9, 063 7 4 Mental Hospitals Department .. .. . . .. .. .. 9,105 5 2 Department of Health .. .. .. .. .. .. .. 11,055 0 2 Naval Defence .. .. .. .. .. .. .. .. 18,973 0 0 Defence Department .. .. .. .. .. .: .. 22, 568 8 6 Customs Department .. .. .. .. .. .. 1,961 9 5 Marine Department .. .. .. .. .. .. .. .. 3,118 210 Department of Labour .. .. .. .. .. .. .. 1,417 0 8 Department of Lands and Survey .. .. .. .. .. 5, 024 4 1 Scenery Preservation .. .. .. .. . . .. .. 17 19 0 Valuation Department .. .. .. .. .. .. .. 1,414 7 4 Electoral Department .. .. .. .. .. . . . . 450 18 8 Department of Agriculture .. .. .. .. .. .. 38,346 19 2 Department of Tourist and Health Resorts .. .. .. .. .. 5,592 12 6 Department of Education .. . . .. .. .. . . 41,455 6 8 Department of Scientific and Industrial Research . . . . . . . . 696 10 9 Unauthorized Expenditure—Department of Labour . . . . . . . . 418 12 8 Imprest Supply Act, 1927, Section 4 .. .. .. .. .. 843 3 10 Total, Ordinary Revenue Account .. .. .. ..£387,476 12 7

92

B.—l [PT. I

PUBLIC ACCOUNTS, 1927-192 8.

SUMMARY of CERTIFIED STATEMENTS of LIABILITIES as on 31st March, 1928, as rendered by respective Departments in terms of Section 46 <_ the Public Revenues Act, 1926 —continued. CONSOLIDATED FUND, DEPOSITS ACCOUNT. £ s. d. Education Reserves Amendment Act, 1924 —Primary Education Endowment Deposit Account .. .. .. .. .. .. .. .. 98 17 7 Moumahaki Endowment Deposit Account .. .. .. .. .. 104 0 0 National Health Insurance Stamps .. .. .. .. .. .. 201 10 1 Unemployment Insurance Stamps .. .. .. .. .. .. 164 8 4 Total, Deposits Account .. .. .. .. .. £568 16 0 PUBLIC WORKS FUND, GENERAL PURPOSES ACCOUNT. Votes. £ s. d. Public Works, Departmental .. .. .. .. .. .. .. 2,475 010 Railway-construction .. .. .. .. .. .. 85,730 1 6 Additions to Open Lines .. .. .. .. . . .. 29,233 8 7 General . . . . . . . . .. .. .. .. . . 531 9 3 Courthouses .. .. .. .. .. .. .. .. 999 8 9 Prison Buildings and Works .. .. .. .. .. .. .. 1,751 7 5 Police-stations .. .. .. .. .. .. .. .. 7 11 2 Postal and Telegraph .. .. .. .. .. .. .. 6,334 12 7 Agricultural .. .. .. .. .. .. .. .. 221 2 5 Mental Hospital Buildings .. .. .. .. .. .. 3,952 1 5 Health and Hospital Institutions .. .. .. .. .. .. 1,478 8 6 Timber-supply and Sawmills, &c. .. .. .. .. .. .. 552 6 2 Acquisition and Operation of Quarries, &c. .. .. .. .. .. 1,996 10 10 Lighthouses . . . . . . .. .. .. .. . . 23 0 0 Harbour-works .. .. .. .. .. .. .. .. 1,400 410 Development of Tourist Resorts .. .. .. .. .. .. 4,589 17 10 Department of Immigration .. .. .. .. .. .. .. 13,216 5 2 Roads, &c. .. •. •. .. .. .. .. .. 88,309 4 0 Roads to give Access to Outlying Districts .. .. .. .. .. 5,599 3 4 Roads, &c., on Goldfields .. .. .. .. .. .. .. 536 16 3 Telegraph Extension .. .. .. .. .. .. .. .. 227,017 19 7 Lands, Miscellaneous .. .. .. .. .. .. .. 3,170 6 7 Irrigation, Water-supply, and Drainage .. .. .. .. .. 2,215 8 2 Plant, Material, and Stores .. .. .. .. .. .. .. 7,375 16 1 Total of Public Works Fund .. .. .. .. ..£488,717 11 3 Public Works Fund — £ s. d. £ s. d. Waihou and Ohinemuri Rivers Improvement Account . . 6,387 17 1 Electric Supply Account .. .. .. .. .. 330,054- 19 1 336,442 16 2 Deteriorated Lands Account .. .. .. .. .. .. .. 33 16 6 Discharged Soldiers Settlement Account .. .. .. .. .. 5,012 10 0 Education Loans Account .. .. .. .. ~ .. 3,855 8 6 Hauraki Plains Settlement Account .. .. .. .. .. .. 4,160 3 9 Land for Settlements Account .. .. .. .. .. .. 34 17 1 Land for Settlements Account—Discharged Soldiers Settlement Account .. .. 2,161 12 9 Main Highways Account — £ s. d. Revenue Fund .. .. .. .. .. 66,304 3 3 Construction Fund . . . . .. .. .. 59,417 10 6 125,721 13 9 National Endowment Account .. .. .. .. .. .. 88 0 2 Native Land Settlement Account .. .. .. .. .. .. 3,880 11 8 Railways Improvement Authorization Act, 1914, Account.. .. .. .. 140,866 7 11 Rangitaiki Land Drainage Account .. .. .. .. .. .. 1,540 1 7 State Coal-mines Account .. .. .. .. .. .. .. 16,925 12 3 State Forests Account .. .. •• •• •• •• 10,487 011 Swamp Land Drainage Account .. .. .. .. .. .. 3,669 18 5 Westport Harbour Account .. .. .. .. .. .. .. 647 1 6 Working Railways Account .. .. •• .. .. •• •• 358,110 2 7 Government Insurance Account .. .. .. .. .. •. 1,339 0 1 Government Accident Insurance Account .. .. .. .. .. 31600 Native Trustee's Account .. .. .. .. .. • • • • 53 3 5 Public Service Superannuation Fund Account .. .. .. • • ■. 170 19 4 Public Trust Office Account .. .. .. .. ■. ■ • 6,142 5 2 State Advances Account — £ s. d. Advances to Settlers Branch .. .. .. .. 1,708 14 0 Advances to Workers Branch .. .. .. .. 9,143 0 10 Local Authorities Branch .. .. .. .. 19,966 13 4 Miscellaneous Business Branch .. .. .. .. 34,120 11 7 64,938 19 9

93

B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

SUMMARY of CERTIFIED STATEMENTS of LIABILITIES as on 31st March, 1928, as rendered by respective Departments in terms of Section 46 of the Public Revenues Act, 1926 —continued. SUMMARY. Consolidated Fund— £ s. d. £ s. d. Ordinary Revenue Account .. .. .. .. 387,476 12 7 Deposits Account .. .. .. .. .. 568 16 0 388,045 8 7 Public Works Fund— General Purposes Account .. .. .. .. 488,717 11 3 Waihou and Ohinemuri Rivers Improvement Account .. 6,387 17 1 Electric Supply Account .. .. .. .. .. 330,054 19 1 825,160 7 5 Deteriorated Lands Account .. .. .. .. .. .. .. 33 16 6 Discharged Soldiers Settlement Account .. .. .. .. .. 5,012 10 0 Education Loans Account .. .. .. .. .. .. .. 3,855 8 6 Hauraki Plains Settlement Account .. .. .. .. .. .. 4,160 3 9 Land for Settlements Account .. .. .. .. .. .. 34 17 1 Land for Settlements Account—Discharged Soldiers Settlement Account .. .. 2,161 12 9 Main Highways Account — Revenue Fund .. .. .. .. .. .. 66,304 3 3 Construction Fund .. .. .. .. .. 59,417 10 6 125,721 13 9 National Endowment Account.. .. .. .. .. .. .. 88 0 2 Native Land Settlement Account .. .. .. .. .. .. 3,880 11 8 Railways Improvement Authorization Act, 1914, Account.. .. .. .. 140,866 7 11 Rangitaiki Land Drainage Account . . .. .. .. .. .. 1,540 1 7 State Coal-mines Account .. .. .. .. .. .. .. 16,925 12 3 State Forests Account .. .. .. .. .. .. .. 10,487 011 Swamp Land Drainage Account .. .. .. .. .. .. 3,669 18 5 Westport Harbour Account . . .. .. .. .. .. .. 647 1 6 Working Railways Account .. .. .. .. .. .. .. 358,110 2 7 Government Insurance Account .. .. .. .. .. .. 1,339 0 1 Government Accident Insurance Account .. .. .. .. .. 316 0 0 Native Trustee's Account .. . . .. .. " .. .. .. 53 3 5 Public Service Superannuation Fund Account .. .. .. .. .. 170 19 4 Public Trust Office .. . . .. .. . . .. .. 6,142 5 2 State Advances Account .. .. .. .. .. .. .. 64,938 19 9 Total, all accounts .. .. .. . . .. £1,963,361 3 1 Note.—As the law does not require these figures to be audited, the Audit Office has not examined this statement.

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