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Pages 1-20 of 96

Pages 1-20 of 96

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Pages 1-20 of 96

Pages 1-20 of 96

B.—l [Pt. ll].

1934. NEW ZEALAND.

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1933-1934. PART II. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL UNDER THE PUBLIC REVENUES ACT, 1926. ALSO REPORT OF THE CONTROLLER AND AUDITOR-GENERAL.

i—B. 1 [Pt. ll].

B.—l [Pt. 11l •

CONTENTS.

PAGE AUDITOR-GENERAL'S REPORT .. .. .. .. .. .. •• -- iii Statement of Irregularities in Connection with Public Moneys and Stores .. .. .. xix Schedule of Imperfect Vouchers .. .. .. .. .. .. .. ■ • xx Statement showing Sums irrecoverable by the Crown .. .. .. .. ■ • xxn SUMMARY OF TRANSACTIONS AND BALANCES:— Cash Accounts .. .. .. .. .. .. .. .. .. • • 1 Summary of Balances .. .. .. .. .. .. .. . • • • 3 Interest, Conversion, and Redemption Remittance Account .. .. .. .. .. 4 DETAIL STATEMENT OE REVENUE:— Ordinary Revenue .. .. .. .. .. .. .. .. . • .. 5 Ordinary Revenue, Interest on Public Debt Redemption Eund .. .. .. .. 9 Ordinary Revenue, Interest on other Public Moneys .. .. .. .. .. 9 Ordinary Revenue, Miscellaneous Revenue .. .. .. .. .. .. • • 11 RECOVERIES ON ACCOUNT OE EXPENDITURE OF PREVIOUS YEARS:— Consolidated Fund (Ordinary Revenue Account) ... .. .. .. .. .. 14 Public Works Fund (General Purposes Account) .. .. .. .. .. 47 Land fob Settlements Account .. .. .. .. .. .. .. • • 48 State Coal-mines Account .. .. .. .. .. .. .. .. • • 69 State Forests Account .. .. .. .. .. .. .. . ■ • - 69 DISBURSEMENTS UNDER CIVIL LIST ACT, 1920 (see 8.-l [Pt. I]). DISBURSEMENTS UNDER SPECIAL ACTS:— Debt Services, Interest .. .. .. .. .. .. .. .. .. 16 Debt Services, Amortization of Debt — Sinking FUND .. .. .. .. .. .. .. .. .. .. 19 Repayment of Funded Debt .. .. .. .. .. .. .. .. 19 Repayment of the Public Debt Act, 1925 .. .. .. .. .. .. 19 Repayment of Advances .. .. .. .. .. .. .. .. .. 19 Transfer to Loans Redemption Account .. .. .. .. .. .. .. 19 Debt Services, Administration and Management .. .. .. .. .. .. 20 Debt Services, Payments on Guaranteed Loans .. .. .. .. .. . - 20 Other Services .. .. .. .. .. .. .. .. .. • • 22 UNAUTHORIZED EXPENDITURE (see 8.-l [Pt. I]). DISBURSEMENTS UNDER RURAL INTERMEDIATE CREDIT ACT, 1927, SECTION 16 .. .. 27 STATEMENT OF BALANCES IN RESPECT OF PAYMENTS MADE ON BEHALF OF OTHER GOVERNMENTS .. .. .. .. .. .. .. .. .. • • 27 IMPRESTS OF THE CONSOLIDATED FUND (ORDINARY REVENUE ACCOUNT) OUTSTANDING.. 27 LOCAL BODIES' ACCOUNTS:— Endowments of Land .. .. .. .. .. .. .. .. .. 28 Goldfields Revenue .. .. ~ .. .. .. .. .. .. .. 28 Gold Duty .. .. .. .. .. .. .. .. .. .. . - 29 Fees and Fines .. .. .. .. .. .. .. .. .. .. 29 Stamp Duty on Interest .. .. .. .. .. .. .. .. .. 31 Advance Accounts .. .. .. .. .. .. .. .. . ■ .. 31 DEPOSITS ACCOUNT:— Summary of Deposits Account .. .. .. .. .. .. .. .. 32 Details of Receipts and Disbursements of Deposit Accounts .. .. .. .. 33 Receipts and Disbursements under the Trustee Act, 1908 .. .. .. .. .. 46 IMPRESTS OF THE PUBLIC WORKS FOND (GENERAL PURPOSES ACCOUNT) OUTSTANDING ~ 47 DETAIL STATEMENT OF TRANSACTIONS:— Land for Settlements Account .. .. .. .. .. .. .. .. 48 Loans Redemption Account .. .. .. .. .. .. .. .. .. 50 Loans Redemption Account, Part II (Conversion Account) .. .. .. .. .. 56 Temporary Transfers under Section 40 of the Public Revenues Aot, 1926 -. .. .. 70

B.—l [PT. lIJ.

PUBLIC ACCOUNTS ' FOR THE FINANCIAL YEAR ENDED 31st MARCH, 1934.

REPORT OF THE CONTROLLER AND AUDJTOR-GENERAL.

I have the honour to submit my report for the year ended 31st March, 1934, in terms of subsections (2), (3), and (4) of section 89 of the Public Revenues Act, 1926. Paragraphs (a) to (h) of subsection (2) set out the several matters which the Controller and Auditor-General is required to include in his report to Parliament, and, in accordance with that statutory requirement, where such matters have come under the notice of or have been dealt with by the Audit Office during the year the details thereof have been included in this report under their appropriate headings. The full Statement of the Receipts and Payments of the Public Account is contained in two parliamentary papers —namely, 8.-l [Pt. I], which shows, under main headings, the receipts and payments of the funds and accounts comprising the Public Account, and also shows details of the expenditure under the annual appropriations, Civil List, and the Unauthorized Expenditure Account, and 8.-l [Pt. ll], which shows certain of the receipts and payments in greater detail than they are shown in 8.-l [Pt. I], and as the last-mentioned paper for 1933-34 has already been laid before Parliament, it is only necessary for me to present Part II in accordance with the usual practice. Instances of Non-compliance with Law. The Controller and Auditor-General is required by the Public Revenues Act to call attention to any cases where the provisions of the law have been varied or departed from, and I accordingly submit the following instances: — 1. Section 6 of the New Zealand Debt Conversion Act, 1932-33, provided that the holder of securities convertible under the Act should not be entitled to demand payment of interest on such securities, or to receive new securities, until he had surrendered the existing securities. In one case an insurance company had securities deposited abroad, and was unable to uplift them for conversion until it had replaced them with new securities. In these circumstances the Audit Office agreed to the issue of new securities in conversion before the production of the converted securities on the company giving adequate indemnity to cover the Government against possible loss. The converted securities were afterwards duly surrendered to the Treasury. 2. Under the provisions of the Banks Indemnity (Exchange) Act, 1932-33, the proceeds of exchange purchased thereunder were available only for the purposes set out in the Act, and were not available to cover the general expenditure of the Government. During the year it became desirable to use these moneys to meet general payments due by the Government in London, and a regulation was made by Order in Council dated 28th August, 1933, under section 9 of the Act, authorizing the Minister of Finance to expend such moneys on any of the services of the Government for which due authority existed. This regulation provided the necessary authority for the expenditure of these moneys for such purposes on and after the date of the Order in Council, but expenditure of this nature had already been made, and, strictly speaking, such

B.—l [Pt. ll].

expenditure was not covered by authority of law, as the Order in Council could not be made retrospective. The Audit Office, however, did not consider it necessary to raise any objection, as it was clearly in the interests of the Dominion that the exchange-moneys should be used in this manner, thus obviating further borrowing, and the breach of law was merely a technical one. 3. Section 79 of the Public Revenues Act, 1926, provides that moneys issued by bank order from the New Zealand Public Account in London shall, except in the case of charges of the public debt, be transferred to an account called the Foreign Imprest Account, and shall be deemed to be imprested to the High Commissioner. Section 84 of the Act requires that " The bank at which the New Zealand Public Account is kept shall twice in every month transmit to the Treasury and to the Audit Office a statement (in the form prescribed by the Treasury) showing the entries in the New Zealand Public Account and the Foreign Imprest Account respectively for the period to which the statement relates." The statement of the New Zealand Public Account is supplied by the bank in London, but no statement of the Foreign Imprest Account is supplied, as required by law. The Audit Office has on several occasions pointed out this omission, but nothing has been done to remedy the breach of law. The Audit Office would suggest that either the bank be required to supply the statement in accordance with the requirement of the Act, or the Act be amended to relieve the bank of the obligation to supply a statement of the Foreign Imprest Account. 4. In the year 1928 it came under the notice of the Audit Office that an imprest account was being kept in London, known as the Finance Officer's Imprest Account, and it was pointed out to the Treasury that the keeping of such an account was without authority of law. In view of the defalcations which took place in connection with this account it is suggested, although it is not anticipated that further defalcations in the account are likely to occur, that the Finance Officer's Imprest Account should either be provided for by law, and proper safeguards imposed, or the account should be discontinued altogether. 5. It has also come under notice that another account is kept in London, known as the High Commissioner's Deposit Account, which is not authorized by law. This account is used for the receipt and payment of moneys by the High Commissioner in London on behalf of persons or bodies domiciled in New Zealand. In New Zealand similar transactions are dealt with as public moneys and passed through the Public Account, as required by sections 26 and 32 of the Public Revenues Act, 1926. It would seem that, these sections also apply to the moneys received in London and that to pass them through the High Commissioner's Deposit Account, instead of through the Public Account in London, is contrary to law. It is suggested, therefore, that such moneys should be dealt with through the Public Account in London in the same manner as is done in New Zealand, or, failing this, that the keeping of the High Commissioner's Deposit Account be authorized by law. 6. The normal method of issuing moneys from the Public Account is by means of a bank order signed by the Paymaster-General and countersigned by the Controller and Auditor-General, but section 82 of the Public Revenues Act, 1926, provides that for certain limited purposes as set out therein, moneys may be issued out of the New Zealand Public Account in London before the bank order for the issue of the money for such payments has been received in England, by means of an order known as a " Commissioners' order," signed by the Commissioners in London and countersigned by the Audit Officer in London. In some cases during the year Commissioners' orders were issued for purposes which were not covered by section 82, and such issues were therefore made contrary to law. On the matter coming under the notice of the Audit Office, the attention of the Treasury was called to the position, and steps were taken to ensure that Commissioners' orders would not be issued, except when such issue was in accordance with law. The payments in question were in themselves perfectly legal and proper, and it was only the method of payment which was open to question as being technically contrary to law, and no further action appears necessary in connection therewith. 7. Section 102 of the above Act requires that all securities in which public moneys are invested shall be held by tne Custodians of public securities. An exceptionally large amount of investment securities was held in London as a result of the investment of exchange-moneys and loan-moneys, and it was thought desirable to lodge certain of these securities with the Bank of New Zealand for safe keeping, instead of with the Custodians appointed under the Public Revenues Act. It was later decided to place certain of such securities in the custody of the Bank of England under similar circumstances. The Audit Office concurred in the desirability of placing such securities in the custody of the banks, instead of in the custody of the Custodians as required by law, and therefore raised no objection to the procedure followed. 8. In my report for the year 1931-32, 8.-I [Pt. ll], page xxviii, attention was drawn to the illegality of the use of " Disbursement Accounts" In connection with the Public Account, the Government Accident Insurance Account, the Government Insurance Account, and the State Fire Insurance Account, and it was indicated that the matter could be put in order by the introduction of suitable legislation. The suggested legislation has, however, not been introduced. The position remains as it was when attention was drawn to the matter, and the use of disbursement accounts in conjunction with the accounts mentioned above still continues, although not provided for by law. As it is proposed shortly to remove the Public Account Disbursement Account from the Bank of New Zealand to the Reserve Bank, it would be advisable to provide statutory authority for the existence of that account. Advantage could be taken of the introduction of such legislation to give legislative authority also for the keeping of the other disbursement accounts referred to herein.

IV

B.—l [PT. lIJ.

Repayment of the Public Debt. The following table gives particulars of the amount of securities redeemed during the year under the provisions of the Repayment of the Public Debt Act, 1925, and also of the total amount so redeemed to 31st March, 1934 : —•

It will be seen that an annual saving of interest amounting to £137,436 17s. 9d. has now been effected by the operation of the Act. The following figures show how this saving increases year by year as the cumulative effect of the sinking fund becomes apparent:— Annual saving in interest on securities redeemed to £ s . a. 31st March, 1926 .. .. .. .. .. .. 8,137 10 3 31st March, 1927 .. .. .. .. .. .. 27,043 9 3 31st March, 1928 .. .. .. .. .. .. 39,592 0 4 31st March, 1929 .. .. .. .. .. .. 46,782 0 4 31st March, 1930 .. .. .. .. .. .. 57,218 13 7 31st March, 1931 .. .. .. .. .. .. 69,198 9 3 31st March, 1932 .. .. .. .. .. .. 90,816 3 3 31st March, 1933 .. .. .. .. .. .. 109,236 2 3 31st March, 1934 .. .. .. .. .. .. 137,436 17 9 Of the £1,776,270 securities paid off during the year, £1,180,000 consisted of Treasury bills under the Banks Indemnity (Exchange) Act, 1932-33. These bills represented short-term or " floating " debt, and the corresponding amount of sterling purchased from the proceeds of the Bills was held in London and had been credited to the Ordinary Revenue Account. The effect of redeeming these bills from the Public Debt Repayment Account was to free this credit in the Ordinary Revenue Account for general revenue purposes, as the charge against such credit represented by the Treasury bills no longer remained—that is, the result has been to restore to the Ordinary Revenue Account an amount approximately equal to the £1,180,000 expended from the Repayment of the Public Debt Account in redeeming the bills, so that the annual contribution from the Consolidated Fund to the Public Debt Repayment Account has not in effect been made to the extent of approximately £1,180,000. The following statement shows the amount of loans subject to the repayment of the Public Debt Act, 1925, and of those not subject to the Act, as at 31st March, 1934 :— £ s. d. Debt subject to the Repayment of the Public Debt Act, 1925 .. .. .. 226,543,393 1 3 Debt not subject to the Repayment of the Public Debt Act, 1925 — Exempted under section 2 of the Act — £ s.- d. Treasury bills issued under the Public Revenues Act, 1926, section 41 .. .. 3,452,109 0 0 Loans raised in respect of the— State Advances Account — £ s. d. Advances to Settlers Branch .. 20,311,415 8 5 Advances to Workers Branch .. 12,145,734 10 4 Advances to Local Authorities Branch 2,778,690 15 7 — 35,235,840 14 4 Loans for which special sinking funds are provided— State Coal-mines Account .. .. 114,233 6 8 Electric Supply Account .. .. 12,147,770 11 1 Nauru and Ocean Islands Account .. 479,200 0 0 Westport Harbour Account .. .. 614,250 0 0 Samoan Loan Suspense Account .. 105,000 0 0 13,460,453 17 9 Funded debt to the Imperial Government— Land for Settlements Account .. 33,446 6 11 Naval Defence Act Account .. .. 577,446 11 5 Public Works Fund —General Purposes Account.. .. .. .. 169,109 15 3 War Expenses Account .. .. 23,320,196 17 0 — 24,100,199 10 7 76,248,603 2 8 Exempted under Finance Act, 1931 (No. 4), section 7 (2): Deed of hypothecation .. 4,050,000 0 0 Total debt not subject to the Act .. .. 80,298,603 2 8 Total debt as at 31st March, 1934 (see 8.-l [Part lII], 1934, page 7) .. .. £306,841,996 3 ll* » N.B.—This does not include loans under ltaral Advances Act, 1926, amounting to £4,213,050, which are not treated by the Treasury as forming part of the public debt.

V

Nominal Value of Securities. Kate : Total Cost Annual Saving of of of Interest, i Total to v itm 94 1 Total to Redemptions. Interest.* 31st March, 1933. lear ' I 31st March, 1934. I J I Per Cent,. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. .31- .. 900 0 0 900 0 0 900 0 0 4 2,29|),863 0 0 .. 2,290,863 0 0 2,279,175 9 1 11,454 6 3 4| 2,070,940 0 0 .. 2,070,940 0 0 2,055,562 5 0 20,709 8 0 5 1,416,400 0 0 1,180,000 0 0 2,596,400 0 0 2,595,846 5 0 38,946 0 0 5-i 790,440 0 0 562,650 0 0 1,353,090 0 0 1,353,072 10 0 23,679 1 6 51 921,060 0 0 32,720 0 0 953,780 0 0 951,364 12 2 19,075 12 0 6" 942,900 0 0 .. 942,900 0 0 921,603 18 11 23,572 10 0 8,432,603 0 0 1,776,270 0 0 10,208,873 0 0 10,157,525 0 2 ! 137,436 17 9 * Difference between the rate of interest which the securities bore and the rate (3J per cent.) payable by the Consolidated Fund to the Public Debt Repayment Account on the amount of securities redeemed under the Act.

B.—l [PT. ll].

Increase and Decrease of the Debt. The public debt accounts disclose a net increase in the public debt for the year of £21,969,038 Bs. 6d., some of which, however, was of a temporary nature only. This was made up as follows : — £ s. d. Total debt as at 31st March, 1933 (8.-l [Part lII], page 5) .. .. .. 284,872,957 15 5 Increase — New loans raised during the £ s. d. £ s. d. £ s. d. year for purposes of various accounts — Public Works Fund —General Purposes Account .. 1,066,065 0 0 Public Works Fund —Electric Supply Account.. .. 596,625 0 0 Land for Settlements Account 198,000 0 0 Main Highways Account .. 203,000 0 0 State Forests Account .. 75,000 0 0 Discharged Soldiers Settlement Account: Deed of hypothecation under the Finance Act, 1931 (No. 4), section 7 (2) .. .. 2,000,000 0 0 Loans Redemption Account: Part 11, Conversion Account securities issued to cover premiums on conversion allocated to various accounts .. .. 491,254 8 6 4,629,944 8 6 Ordinary Revenue Account— Banks Indemnity (Exchange) Act, 1932-33 — Treasury bills issued .. 29,384,731 15 0 Less Treasury bills redeemed .. .. 11,180,196 15 0 18,204,535 0 0 Public Revenues Act, 1926, section 41 — Treasury bills issued .. 11,506,000 0 0 Less Treasury bills redeemed .. .. 9,638,891 0 0 1,867,109 0 0 Loans raised during the year for redemptions but not applied as at 31st March, 1934 .. .. .. .. 800 0 0 24,702,388 8 6 Decrease — Loans paid off during the year — From State Coal-mines Account .. .. 11,500 0 0 From State Coal-mines Sinking Fund Account .. 8,000 0 0 From Loans Redemption Account — State Advances moneys .. 734,540 0 0 War credits .. .. 650 0 0 754,690 0 0 From Public Debt Repayment Account —■ Cash applied .. .. 1,776,230 6 4 Amount representing redemptions from premiums on exchange ~ 39 13 8 1,776,270 0 0 From Discharged Soldiers Settlement Account: Deed of hypothecation under the Finance Act, 1931 (No. 4), section 7 (2) — Repayments of advances .. .. 200,000 0 0 Loans redeemed from loans raised in previous years for redemptions .. .. 2,390 0 0 2,733,350 0 0 Net increase for year .. .. .. .. .. .. 21,969,038 8 6 Total debt as at 31st March, 1934 (8.-l [Part lII], page 7) .. .. .. ..£306,841,996 3 11 The above figures do not include loans raised under the Bural Advances Act, 1926, as these loans, though raised by the Government, are not brought into the public debt accounts. The amount of such loans outstanding as at the 31st March, 1934, was £4,213,050. It is also to be noted that most of the Treasury bills under the Banks Indemnity (Exchange) Act, 1932-33, have been paid off since 31st March last, so that the increase due to the issue of these bills was a temporary one only.

VI

B. —1 [Pt. ll].

At the 31st March, 1934, a sum of £414,500 9s. 6d., appropriated for the redemption of loans, was lying at credit of Loans Redemption Account, particulars being as follow : — Finance Act, 1925, section 13 — Amount received in respect of war expenses to be applied in redemption of £ s. d. war loans .. .. .. .. .. .. .. 19,616 12 5 Public Revenues Act, 1926, section 135 (2) — Amount received on account of New Zealand's share of German reparations 2,112 3 11 Finance Act, 1932, section 12 — Balance of Mining Advances Account transferred to Loans Redemption Account for redemption of securities .. . . .. .. 0 5 1 Finance Act, 1932, section 13 — Balance of Nauru and Ocean Islands Account transferred to Loans Redemption Account for redemption of securities .. .. .. .. 2,987 18 9 Balance of Nauru and Ocean Islands Sinking Fund Account transferred to Loans Redemption Account for redemption of securities .. .. 65 4 5 Amount received from British Phosphate Commission for redemption of Nauru and Ocean Islands securities in terms of section 13 (4) of the Finance Act, 1932 .. .. .. .. .. .. .. .. 26,278 311 Public Revenues Act, 1926, section 135 (4) — Amount transferred from Main Highways Account (Revenue Fund) for redemption of main-highways loans .. .. .. .. 333,640 0 0 Amount transferred from Ordinary Revenue Account for redemption of main-highways loans (representing interest received on main-highways moneys held in Loans Redemption Account) .. .. .. 28,000 1 0 Amount received from State Advances Account for redemption of securities 1,000 0 0 New Zealand Loans Act, 1932, section 14 — Loans raised for redemption of securities : Electric Supply Account .. 800 0 0 £414,500 9 6 New Zealand Debt Conversion Act, 1932-33. The transactions under the above Act were completed during the year, except in cases in which the holders of debentures did not present their securities for conversion, and, as a consequence, the Treasury was unable to issue the new securities. Such cases were, however, comparatively few in number. An exceedingly large amount of detail audit work was involved in the conversion, and many complicated questions arose in connection therewith, but these were satisfactorily settled after conferring with the Treasury. After the commencement of the conversion operations the Government decided to exempt from the operation of the Act a number of the securities which were subject to the Act, particularly in the case of securities held by Government Departments, and to convert these and other securities on terms differing from those fixed by the Act. To enable this to be done, statutory authority was taken in section 2 of the Finance Act, 1933 (No. 2). Most of the entries in connection with the conversion were passed through the Loans Redemption Account—Part 11, Conversion Account, but some of the entries were passed through the Ordinary Revenue Account of the Consolidated Fund. The particulars of the transactions effected to 31st March, 1934, may be briefly set out as follow : — Loans Redemption Account: Part 11, Conversion Account — Old securities converted — New Zealand Debt Conversion Act, 1932-33 — £ s. d. £ s. d. Debentures .. .. .. .. 16,364,333 8 4 Stock .. .. .. .. 52,947,452 10 1 Death duty stock .. .. .. 886,915 0 0 Stock certificates .. .. .. 4,200 0 0 Dissented debentures (exchanged for stock) 76,650 0 0 70,279,550 18 f> Finance Act, 1933 (No. 2), section 2— Debentures .. .. .. .. 4-2,313,883 17 1 Stock .. .. .. .. 217,530 0 0 42,531,413 17 1 Premiums allowed on conversion—■ New Zealand Debt Conversion Act, 1932-33 .. ~ .. 491,254 8 6 £113,302,219 4 0 New securities issued in conversion— New Zealand Debt Conversion Act, 1932-33 — £ s. d. £ s. d. Debentures .. .. .. .. 5,202,495 0 0 Stock .. .. .. .. .. 64,582,965 611 Death duty stock .. .. .. 908,695 0 0 Stock (issued in exchange for dissented debentures) .. .. .. .. 76,650 0 0 70,770,805 6 11 Finance Act, 1933 (No. 2), section 2— Stock .. .. .. .. .. .. .. 42,531,413 17 1 £113,302,219 4 0

VII

8.-1 [PT. ll].

Consolidated Fund—Ordinary Revenue Account — Costs, charges, and expenses of conversion— £ s. d. £ s. d. Premiums paid in cash, treated as costs of conversion .. 23,832 3 5 Mi,scellaneous costs .. .. .. •• 14,654 12 7 _ 38,486 16 0 Less amount received in cash to increase premiums to a multiple of £5 16,319 7 8 Net costs, charges, and expenses of conversion .. .. £22,167 8 4 The total of the premiums allowed on conversion was £498,902 17s. 3d. Of this, £23,832 3s. sd. was paid in cash from the Ordinary Revenue Account and treated as costs of the conversion. Against this latter amount was set off £16,319 7s. Bd. received in cash to bring premiums up to a multiple of £5. This £16,319 7s. Bd. represented additional loan-moneys received, but, instead of being added to the public debt, was applied towards meeting the amount of premiums paid in cash, thus reducing the costs of conversion. The difference between the £23,832 3s. sd. and the £16,319 7s. Bd.—namely, £7,512 15s. 9d. —plus unpresented premium warrants, £135 135., gives £7,648 Bs. 9d., and this amount deducted from the premiums of £498,902 17s. 3d. gives £491,254 Bs. 6d., which was the amount of premiums for which new securities were issued and by which the public debt was increased. The net costs of conversion, amounting to £22,167 Bs. 4d., were not added to the public debt, but were borne by the Ordinary Revenue Account, and the separate loan accounts were correspondingly relieved of this amount of additional liability at the expense of the Consolidated Fund. The departmental accounts and balance-sheets relating to such separate accounts will thus in future show a more favourable position than would be the case if the separate accounts had been charged with the full costs resulting from the conversion of their loans. The New Zealand Debt Conversion Act, 1932-33, applied to all existing bonds, debentures, or stock charged upon the public revenues of New Zealand if domiciled in New Zealand and bearing interest at a rate of over 4 per cent, per annum, and, read together with the Finance Act, 1932-33, required the reduction of interest on all such securities by 20 per cent, (but so as not to bring the rate of interest below 4 per cent, or in the case of securities free of income-tax below 3| per cent.) or by 33| per cent, in the case of " dissented " securities, i.e., securities held by persons who signified their dissent from conversion. Further loans were, however, raised by the Government at the rate of 5 per cent, per annum under the Banks Indemnity (Exchange) Act, 1932-33, and under the Finance Act, 1931 (No. 4), section 7 (2), as amended by the Finance Act, 1932-33 (No. 2). Other securities have also escaped the statutory reduction of interest, through not being issued in the form of " bonds, debentures, or stock," and it is difficult to see why such securities should be exempted from the general reduction which has been made in the rate of interest on Government securities, merely because the security has been issued in a different form, as, for instance, in the form of a Treasury bill. Banks Indemnity (Exchange) Act, 1932-33. The following statement shows in a summarized form the transactions under the above Act up to 30th June, 1934 : —

Statement showing the Result of the Transactions under the Banks Indemnity (Exchange) Act, 1932-33, from the Date of Operation of the Act to the 30th June, 1934.

VIII

m „ , Transactions for Transactions for TaI , . 'iv. Nature of Transaction. 31st March 19S3 Year ended Three Months ended to 30th June 1934 31st March, 1933. 31st March, 1934. 30th June, 1934. to 30tn June, 1934. £ s. d. £ s. d. £ s. d. £ s. d. Amount raised by the issue of Treasury 2,380,337 0 0 29,384,731 15 0 7,067,750 0 0 38,832,818 15 0 bills under section 7 of the Act, for the purchase of surplus exchange on London, and including the payment of exchange thereon Amount provided for purchase of sur- 0 10 0 3,870,203 5 0 2,166,962 10 0 6,037,166 5 0 plus exchange from funds not raised by the issue of Treasury bills under the Act Total amount provided for the 2,380,337 10 0 33,254,935 0 0 9,234,712 10 0 44,869,985 0 0 purchase of surplus exchange =*= ' i — —' — — , — and the payment of exchange thereon (in New Zealand currency) £ s. d. £ s. d. £ s. d. £ s. d. Amount paid to the banks for purchase 1,910,000 0 0 26,684,000 0 0 7,410,000 0 0 36,004,000 0 0 of surplus exchange under section 4 of the Act Exchange paid to the banks on above 470,337 10 0 6,570,935 0 0 1,824,712 10 0 8,865,985 0 0 surplus exchange under section 6 of the Act Total amount paid for the pur- 2,380,337 10 0 33,254,935 0 0 9,234,712 10 0 44,869,985 0 0 chase of surplus exchange and the payment of exchange thereon Amount of discount on Treasury bills 18,111 17 0 620,290 15 2 236,096 2 4 874,498 14 6 issued under the Act : — : Total expenditure incurred 2,398,449 7 0 33,875,225 15 2 9,470,808 12 4 45,744,483 14 6 under the Act (in New Zea- —■ —.—===—a . —i . . ■- land currency)

B.—l [Ft. ll].

Statement showing the Result of the Transactions under the Banks Indemnity (Exchange) Act, 1932-33, from the Date of Operation of the Act to the 30th June, 1934 —continued.

At the 30th June, 1934, the amount of Treasury bills outstanding under the Banks Indemnity (Exchange) Act, 1932-33, had been reduced from £38,832,818 15s. (N.Z.) to £23,708,836 (N.Z.), bills to the amount of £15,123,982 15s. (N.Z.) haVing been redeemed. £13,943,982 15s. (N.Z.) of this amount was redeemed from the Ordinary Revenue Account partly from the proceeds of other Treasury bills issued under section 41 of the Public Revenues Act, 1926, and partly from revenue, and the remaining £1,180,000 (N.Z.) was redeemed from the Public Debt Repayment Account. Though £35,004,000 of surplus exchange-moneys purchased was credited to the Ordinary Revenue Account of the Consolidated Fund, the Abstract of the Public Account for the three months ended 30th June, 1934, shows that at that date a balance of £20,485,101 10s. lOd. only remained in that account. It will be seen, therefore, that some £14,519,000 of the credit so provided had been utilized to meet Ordinary Revenue Account charges in London and New Zealand. These figures are as extracted from the accounts, which include transactions in both sterling and New Zealand currency. The rate of interest paid in New Zealand on the Treasury bills averaged over 5 per cent., while the rate received on the funds in London averaged about 1 per cent., so that there was a loss to the Government of about 4 per cent, in,respect of these transactions. The interest paid was charged against the Ordinary Revenue Account of the Consolidated Fund, but the interest received on the London funds (which were placed on fixed deposit) was allocated between various accounts forming part of the Public Account, instead of to the Ordinary Revenue Account to which the moneys belonged. The charge against the Budget was thus unnecessarily increased. Treatment of Exchange in the Public Accounts. In my last year's report I found it necessary to comment adversely on the method of treating exchange *in the Public Accounts, and I then explained that in some transactions between New Zealand and London the figures were shown in New Zealand currency, whereas in others they were shown in sterling. It was also pointed out that in certain instances the amount of the exchange was charged against the Ordinary Revenue Account instead of against the account for which the charge was incurred. From recent statements by the Governor of the Reserve Bank of New Zealand, I gather that the present high rate of exchange between New Zealand and London is likely to be maintained for a considerable period, and it follows, therefore, that the matter of correct treatment of exchange in the accounts of the Dominion is of even greater importance now than it was formerly. I therefore desire again to call attention to the fact that the practice of failing to discriminate between New Zealand currency and sterling in our accounts, and also of failing to bring the cost of exchange to charge in the proper appropriate account, still obtains. The present method of treating exchange leads to anomalies in some cases—for instance, London balances amounting to some £19,700,000 sterling were shown in the Public Accounts of New Zealand at that figure, the sterling amounts being incorporated in the New Zealand accounts without distinguishing them from amounts stated in New Zealand currency, to or from which they were added or subtracted as if they were the same thing. In the case of the Reserve Bank, however, the same balances when taken over by the Bank are shown not in sterling, but in New Zealand currency. The same asset which was shown in the Public Accounts as £19,700,000 (approximately) was shown in the first published statement of the assets and liabilities of the Reserve Bank as £24,400,000 (approximately), a difference of, roughly, £4,700,000 due to the erroneous method of treating exchange in the Public Accounts. As instances in which exchange has been charged against the Ordinary Revenue Account instead of against the appropriate account I would quote the following: — In the case of the Electric Supply Account, interest on loans was paid in London during the year to the amount of approximately £473,000 sterling. The cost of exchange on this amount, some £116,476, was, however, charged against Ordinary Revenue Account, and was not brought to charge in any way in the accounts of the electric supply undertakings, and such accounts are thus not a true record of the cost and results of the undertakings. Similarly, in the case of the State Advances Office, the amount of interest paid in London during the year was approximately £504,000 sterling. Owing to exchange the actual cost of the payment of this interest was approximately £628,110 (N.Z.) but only £504,000 was charged in the State Advances Account. The State Advances undertakings were therefore undercharged to the amount of some £124,110 and the Ordinary Revenue Account overcharged to the same extent during the year in respect of this transaction.

ii—B. 1 [Pt. ll].

IX

rr ♦„ Transactions for Transactions for Tntnl Tmnanctinm Kature of Transaction. 31st March, 1933. T mh JunflDM. 6 * 1 to 30th June, 1934. £ s. d. £ s. d. £ s. d. £ a. d. Amount of surplus exchange paid into 1,910,000 0 0 26,684,000 0 0 7,410,000 0 0 36,004,000 0 0 the New Zealand Government Indemnity Exchange Account, London (in sterling) Deduct— Amount of surplus exchange trans- 380,000 0 0 27,214,000 0 0 7,410,000 0 0 35,004,000 0 0 ferred from the New Zealand Government Indemnity Exchange Account, London, to the New Zealand Public Account, London (in sterling) j " Amount of surplus exchange re- 1,530,000 0 0 —530,000 0 0 .. 1,000,000 0 0 tained in the New Zealand Government Indemnity Exchange Account, London (in sterling)

B.—l [Pt. ll].

Owing to this method of treating exchange, the departmental accounts and balance-sheets will also fail to disclose the true position. The Audit Office does not suggest that the full cost of interest, including exchange, should actually be recovered from the accounts mentioned in cash unless or until there are revenues available to meet such cost, but is firmly of the opinion that the full cost should in all cases be brought to charge in the departmental accounts and balance-sheets, which are intended to show the position and result of the undertakings from a commercial point of view. The departmental accounts of commercial activities are also intended to give information which will enable a comparison to be made with other undertakings of a similar nature, and unless the full cost of the relative services is brought to charge such accounts will fail to fulfil one of the chief purposes for which they are drawn up, and will create a wrong impression as to the cost of such undertakings. Discrepancies between the Public Accounts as published and the Treasury Books. The Controller and Auditor-General is required by the Public Revenues Act to bring under the notice of Parliament any discrepancies which may exist between the Treasury books and the published accounts, and, although I have on previous occasions called attention to this matter, I propose again to submit in greater detail my reasons for urging a$ alteration in the method of placing the accounts before Parliament and the public. I would like to make it clear that in making these comments the Audit Office in no way raises, nor has it ever raised, any objections to the actual transactions themselves, which are quite legitimate and in accordance with iaw, and have been subjected to Audit investigation and duly passed as in order ; it objects only to the method of recording these transactions in the published accounts, which it considers is inaccurate and misleading to Parliament and the public : — 1. In this paragraph I refer to cases where an amount has been advanced or invested from one subaccount to another sub-account within the Public Account. In these cases the amount is correctly entered in the Treasury books as a payment in the sub-account from which the moneys are paid, and as a receipt in the sub-account by which the moneys are received, but in the published accounts the amount is not shown as a payment in the sub-account from which the moneys are paid, though the amount is shown as a receipt in the other sub-account,. The result is to inflate the total balances as shown in the published accounts, for the reason that the total balance of the investing sub-account, is not shown as reduced while the total balance of the borrowing sub-account is shown as increased. Such transactions are entirely within the Public Account, and it is clear that a simple transfer from one sub-account within the Public Account to another sub-account within the Public Account cannot increase the total balance of the Public Account. The method of showing such transactions in the published accounts, however, makes it appear that the total balances of the Public Account have been so increased, though, in fact, they have not been increased. This system is followed in. the case of temporary advances of cash from one sub-account to another when no securities are issued, as well as in the case of long-term loans where securities for the repayment of the cash invested are issued by the borrowing sub-account. The existence or otherwise of a security makes no difference in the result. In order to exemplify my meaning I will take an actual transaction from the accounts. A and B are two sub-accounts within the Public Account. A has £217 -cash in hand; B has £1,960,540 cash: total of both sub-accounts is £1,960,757. B transferred to A £10,000 which obviously reduced B's balance by that sum and increased A's balance correspondingly. In the accounts as published, however, B's balance still remains at £1,960,540, whilst A's is increased to £10,217, and the corresponding total of the two sub-accounts is shown as having been increased to £1,970,757, whereas in reality no increase took place in the total. Hitherto it has been the practice to incorporate in the published accounts an " Explanatory Statement of Investments," showing the corresponding liabilities of the borrowing sub-accounts with a view to mitigating to a certain extent the misleading effects of the system followed, but owing to the changed method of recording loan transactions which has been introduced in the Treasury the information necessary to compile such explanatory statement is no longer available, and the statement has accordingly been omitted. 2. I refer in this paragraph to cases where moneys have been lent by the Public Account to borrowers not within the Public Account. These loans, although correctly recorded as payments out of the Public Account in the Treasury books, are not shown as payments in the published statement of Receipts and Payments of the Public Account. There is therefore a discrepancy between the Treasury books and the published accounts. 3. Further cases in which the position as stated in the published accounts is misleading, arise from the method of treating investments made under the authority of section 39 (2) of the Public Revenues Act, 1926. Under this method moneys issued and paid from the Public Account by way of investment are charged or debited to a suspense account known as the " Public Account Cash Balance Investment Account," and are not debited to the particular sub-accounts to which the invested moneys belong. The result is that the individual sub-accounts show a much larger cash balance than is actually held, the cash having, in fact, been paid from the Public Account, but not so shown. ' For example, in 8.-l [Pt. I], 1934, page 9, under the Ordinary Revenue Account, it is shown that at the end of the year this account had a cash balance of £14,740,102. Actually the total cash in the whole of the Public Account (of which the Ordinary Revenue Account is merely a part) is shown as £503,893 only. The entry in the account, as set out above therefore gives an erroneous impression. In actual fact, nearly the whole of the £14,740,102 cash had been paid away by way of investment, and was held by the institutions with which the investments had been made, and therefore was not available cash in the hands of the New Zealand Government. It could become available cash from the point of view of the Government accounts only when the investments had been realized. 4. Audit has suggested that if the Treasury specially desires to show the investments of the various accounts they should be shown in a very simple subsidiary statement or footnote to each account, but this suggestion has not been adopted.

X

B.—l [Pt. ll].

Changes in the Form of the Pubiic Accounts. Two important changes in the form of the Public Accounts have taken place during the last two years which appear to call for comment. 1. The Statement of the Disbursements of the Consolidated Fund in respect of Interest on Public Debt, which appears in 8.-l [Pt. ll], has been much condensed, and now does not contain any reference to the accounts in respect of which the interest on the loans was paid, nor to the Acts authorizing such loans, nor to the amount of the loans on which the interest was paid. The statement in its new form does not disclose the amount of interest paid on Treasury bills issued under the Banks Indemnity (Exchange) Act, 1932-33, or on ordinary Treasury bills issued to supplement revenue, or, in fact, on the loans of any particular account. 2. The Statement showing the Balances and Summary of Transactions of the Accounts relating to the Public Debt, which has for many years been published in 8.-l [Pt. Ill], has now been omitted. All reference to the authorizing Acts under which the various loans were raised, or to fte accounts for the purposes of which such loans were raised, has also been omitted from the Statement of the Public Debt of New Zealand appearing in 8.-l [Pt. Ill], with the result that such statement does not now contain any mention of the accounts for the purposes of which such loans were raised under the authority of Parliament. 3. A " Statement as at 31st March, 1934, showing Analysis of the Public Debt under the Several Purposes for which the Moneys have been Raised " has, however, been added, but this analysis is more in the nature of a statistical statement than a statement of account, and for this reason, as well as for the reason that in many cases no definite record is now available to enable the Audit Office to determine the purposes for which the loans outstanding on 31st March, 1934, had actually been raised, Audit has not been able to verify the figures. My reason for calling attention to these matters is that it is the custom in the United Kingdom for any important alterations in the form of the Public Accounts and Estimates to be first approved by Parliament through the Public Accounts Committee in order that the proper control by Parliament should be conserved. Interest on Public Account Cash-balance Investments. A statement is appended showing the allocation of interest on cash-balance investments to the various accounts during the year 1933-34. I may here mention that, although the interest derived from these investments was earned chiefly by moneys of the Ordinary Revenue Account, the amounts have been credited to the various sub-accounts of the Public Account, thus increasing the deficit for the year. There does not appear to have been any need to invest such large sums of the Ordinary Revenue Account through the Cash Balance Investment Account ftstead of direct by the Ordinary Revenue Account itself. In this connection it is noted that though the interest derived from the investment of the general cash balance of the Public Account has been allocated to the various accounts which comprise the Public Account, the interest received on daily balances of the current account of the Public Account held by the Bank of New Zealand has not been so allocated, but the whole of such interest has been credited to the Ordinary Revenue Account. Deposits Account Intekest on Cash Balance Investment Account. Receipts. Disbursements. Balance, 1932-33 — £ s. d. £ s. d. Amounts allocated to various £ s. d. £ s. d. Amount allocated to State accounts — Advances Account not Ordinary Revenue Account, paid over .. ..128 in respect of balances Amount not allocated .. 2,771 3 11 of— 2,772 6 7 Ordinary Revenue AcInterest on investments — count .. .. .. 24,290 13 6 In New Zealand ..3,657 6 10 Local Bodies Account .. 103 8 11 In London .. ..58,752 17 6 Deposits Account .. 1,038 10 10 62,410 4 4 Loans Redemption Account .. .. 6,036 19 9 Native Land Settlement Account .. .. 40 8 11* Suspense Account (undistributed) .. 6,498 5 2 Reserve Fund Account 300 2 8 Public Works Fund— l General Purposes Account .. .. 7,520 5 9 45,828 15 6 Discharged Soldiers Settlement Account.. 2,069 0 3 Electric Supply Account .. .. 2,503 18 2 Electric Supply Sinking Eund Account .. 46 3 6 Land for Settlements Account.. .. 1,033 11 8 Main Highways Account Revenue Eund in respect of balances of — £ s. d. Revenue Eund .. 1,017 18 9 Construction Fund .. 619 3 4 1,637 2 1 Public Debt Repayment Account .. 2,854 8 0 State Advances Loan Account.. .. 5 14 11 State Coal-mines Account .. .. 120 16 8 State Coal-mines Sinking Eund .. 44 9 3 State Eorests Account .. .. 169 11 . 8 Unemployment Eund .. .. 3,841 8 7 Working Railways Account .. .. 3,107 16 2 Balance, 31st March, 1934 — Amount allocated to State Advances Account not £ s. d. paid over .. 0 10 7 Amount not allocated .. 1,919 3 11 — 1,919 14 6 £65,182 10 11 £65,182 10 11 ' This account was abolished as from Ist April, 1933, and received no credit for balances after that date.

XI

B.—l [Pt. ll].

Post-audit System. Owing to the post-audit system provided for under the Public Revenues Act, 1926, and to the requirement in the same Act that the abstract of the revenue and expenditure of the Public Account shall be certified within a fixed period, it is impossible for all the vouchers for the year to be audited, or even in some cases submitted for audit, until after the abstract has been certified. My certificate is therefore given subject to the final audit of such vouchers. A record is, however, kept of the vouchers for all expenditure appearing in the abstract, and the Treasury is not given a final clearance until all vouchers have been passed. On the 10th August, 1934, a final clearance had not been given for sums amounting to £109,418 12s. 3d. for the year ended 31st March, 1933, and to £9,054,572 12s. 6d. for the year ended 31st March, 1934. The whole of the £109,418 12s. 3d. had been submitted to audit, but had been referred back to Departments for further information or for authorities to support the expenditure, or for adjustments found necessary in the course of audit. A considerable proportion of the £9,054,572 12s. 6d. was in a similar position, while the remainder was under audit. There must of necessity each year be a certain amount of overlapping, but, of course, the whole of this expenditure will ultimately come under Audit review. Expenditure not Submitted for Audit. Payments totalling approximately £21,942 have been made during the year by the High Commissioner under the Finance Act, 1928, section 20, which provides that, notwithstanding anything to the contrary in the Public Revenues Act, 1926, the High Commissioner, without further appropriation than this section, may make payments from the Foreign Imprest Account — (a) On behalf of any of the accounts outside the Public Account to which Part X of that Act applies : (b) For such other services not chargeable to the. Public Account as the Treasury may from time to time approve or authorize, either generally or with reference to any particular case. The vouchers for these payments have not been submitted to the Audit Office for appropriation audit in Wellington, as is customary with other vouchers, and the payments are not included in the Abstract of the Revenue and Expenditure of the Public Account. Delay in Publication of the Annual Accounts. In connection with the publication of the accounts showing the surplus or deficit for last financial year there has been some comment on the delay which is stated to take place in New Zealand as compared with the United Kingdom, and it appears desirable to set out the actual position. It has been stated that the delay is due to the " pre-audit " system obtaining in New Zealand, but, as a matter of fact, the system in New Zealand is, generally speaking, " post-audit," as is the case in the United Kingdom. The only transactions which are subject to pre-audit in New Zealand are those effected by transfer (comprising chiefly adjustments between different Government Departments or Accounts), and certain other transactions the pre-audit of which is specially provided for by Treasury regulation. The chief difference between the British and New Zealand systems which affects the question of delay is that in Britain the surplus or deficit for the year is based on the whole of the accounts comprised in the Exchequer, which corresponds with the Public Account in New Zealand, whilst in New Zealand the surplus or deficit is based on the Ordinary Revenue Account only, which is merely part of the Exchequer (or Public Account). This difference largely arises from the different conditions applying in New Zealand and the resulting policy of borrowing for many different services, for which separate accounts are kept. When all the transactions of the year are comprised in the one account the balance of which represents the surplus or deficit for the year as in England it is possible to ascertain the approximate surplus or deficit in a few hours, but when the transactions relate to different accounts as in New Zealand, and only one of these (Ordinary Revenue Account) is used as a basis for determining the surplus or deficit, it is necessary to allocate all the transactions to the various accounts before the position of the Ordinary Revenue Account can be ascertained. Another matter contributing to the delay is the method of treating imprests outstanding. In the United Kingdom imprests outstanding are treated as expenditure for the purpose of ascertaining the Budget surplus or deficit, whether or not the imprests are actually accounted for at the end of the year, while in New Zealand they are treated as balances in hand. As all imprestees in New Zealand are required to repay to the Public Account any cash balances of imprest moneys held by them at 31st March, it is clear that the amount of imprests not so repaid must represent actual expenditure, and that the treatment of such outstandings as balances in hand is contrary to fact and unduly reduces the amount of expenditure shown in the public accounts. The British system is, therefore, the more correct one. This factor of imprests outstanding actually leads to considerable delay in the production of the annual accounts. Section 87 (2) of the Public Revenues Act, 1926, requires that payments by imprestees " shall be deemed to be made on the day on which the accounts of the same are received at the Treasury." If this requirement of the law were carried out, all imprestees' vouchers received in the Treasury subsequently to 31st March would be omitted from the accounts, and included in hte

XII

B.—l [Pt. Ilj.

accounts for the following year. The Treasury, however, in an endeavour to reduce as far as possible the amount of imprests shown as outstanding, although contrary to the statutory requirement already quoted, keeps its books open for a considerable period after the 31st March, and brings into account imprestees' vouchers received after that date. Were it to close its books on the 31st March in accordance with the Act the accounts could be finalized at an earlier date. Another factor which causes undue delay is the fact that transfers and other transactions which could be dealt with earlier in the year are held over by Departments until near or after the end of the year. The consequent rush of work in Treasury and Audit at the end of a year causes delay which could largely be avoided by more timely action on the part of other Departments. It is impossible for the Departments of Treasury and Audit, through which all transactions must pass, to deal expeditiously with the extra flow of vouchers coming in from the various Executive Departments. It not infrequently happens that the transactions so held over are those which are doubtful and open to question, and to which more time must be devoted by Treasury and Audit, and this tends to add to the delay caused by the extra volume of work. Generally speaking, it can be stated that, apart from the ascertainment of the approximate surplus or deficit for the year, the public accounts in New Zealand are made available for publica tion at least as expeditiously as in the United Kingdom. New Zealand Silver Coinage. During the year steps were taken to replace the British silver coin which has for many years been recognized as legal currency in New Zealand, and the Australian silver coin which has in recent years also been in circulation in New Zealand though apparently it was not legal tender in the Dominion. Under the authority of section 8 of the Finance Act, 1932-33 (No. 2), and of the Coinage Act, 1933, arrangements were made under which the Royal Mint agreed to re-mint free of charge the Imperial and Australian coin circulating in the Dominion, replacing it with New Zealand coin of distinctive design, and to allow the New Zealand Government the bullion value of the coin not used in making such replacement. The transactions have been recorded in the Silver and Bronze Coin Account, which was formerly used to record the importation by the Government of British silver and bronze coin on behalf of the banks. In recording the transactions the Treasury has shown the nominal value as well as the cash transactions. This has afforded valuable information, which would not have been available had only the cash entries been shown owing to the fact that the bulk of the transactions are being carried out on a bullion or barter basis. The transactions were not complete at the end of the year, and the result of the replacement will not be disclosed until all the relative entries have been brought into account. It was at one time estimated that the profit arising to the New Zealand Government from the reeoinage on this basis would be in the neighbourhood of £180,000, but this will depend on the amount of coin actually replaced, and the relative fineness of such coin. The profit arises from the fact that the Australian coinage and a proportion of the British coinage hitherto in circulation in New Zealand contained a larger proportion of silver than is required in the new coin under the standard set out in the Schedule to the Coinage Act, 1933, which is also the standard governing the present production of Imperial silver coin. A much larger profit would have been obtained had the New Zealand Government been able to arrange to repatriate the whole of the Imperial and Australian coin circulating in New Zealand at its face value (which was the value at which New Zealand actually purchased such coin) instead of receiving merely the recoined silver without cost, plus the bullion value of the surplus not required for such reeoinage, as actually arranged. The cost of producing new silver coin of the standard fineness depends largely on the price of silver, but at the average price ruling at the present time would be about 4s. for each £1 of silver coin minted. This would have given a profit in the neighbourhood of £750,000 for each £1,000,000 of new coin, after allowing for freight and other costs. If arrangements could have been made to repatriate at its face value, the surplus coin over and above what was required for re-minting, a much greater profit would have accrued to New Zealand than will actually be obtained under the arrangement with the Royal Mint. The Commonwealth Government has, I understand, however, agreed to repatriate a small proportion of the Australian coin circulating in New Zealand at its face value, thus giving New Zealand the full benefit of that repatriated portion. The profit on the original coinage now withdrawn accrued to the Royal Mint and the Commonwealth Government, so that the New Zealand Government now receives only the difference between the value of the silver content in the new and old coins, but in the case of any additional coinage being necessary to cover future increases in silver currency in the Dominion it is understood the New Zealand Government will receive the profit. In the case of Imperial coinage the Mint undertakes the replacement of the coin when worn, and this must be set off against the immediate profit to the Mint in minting that coin. In the case of New Zealand coinage the immediate profit which will be obtained by the Dominion from the reeoinage is comparatively small, and if the renewal of this coin from time to time when worn is undertaken by the Dominion, it seems possible that an eventual loss and not a profit may arise in relation thereto. In this connection it is to be noted that the Royal Mint and the Commonwealth Government have been relieved of any liability for the further replacements of the Imperial and Australian coin which has circulated in New Zealand, and which has been re-minted for the New Zealand Government, and nearly the full profit arising from the original minting of this coin has thus been assured to them. Reports from other countries which have replaced Imperial silver coinage with a domestic silver currency —for example, South Africa —indicate that the whole or a considerable proportion of the Imperial coin was repatriated at its face value, thus ensuring a large profit to the country making the change.

XIII

B,— l [PT. ll].

Departmental Accounts and Balance-sheets. The accounts and balance-sheets for the year 1932-33 of all Departments have been submitted to and examined by the Audit Office. The examination showed that the systems of accounting and internal check have been well maintained throughout the year. As in previous years, I have selected for comment the accounts of two Departments —this year the Marine, and Printing and Stationery Departments. Marine Department. For the year ended 31st March, 1921, an Income and Expenditure Account and Balance-sheet were compiled and published unaudited. The following year the accounts prepared were on lines similar to those of the previous year, with the addition of a separate subsidiary Profit and Loss Account for advances under the Fishing Industry Promotion Act, 1919. These accounts were audited. During the year 1922-23 the control of the Fishing Industry Promotion Advances passed to the State Advances Department. Separate Trading and Profit and Loss Accounts for the sale of oysters were then prepared and published. There was no further change in the form of the accounts until the year ended 31st March, 1930, when separate Income and Expenditure Accounts were prepared for the Head Office and each of the various branches controlling the different activities of the Department. The balance of the Head Office Account was apportioned as administration expenses amongst the branches. The following table shows the net annual results of the Department's activities during the period the accounts have been presented on an income and expenditure basis : — 1920-21. Excess of expenditure .. .. .. .. .. 111,185 1921-22. „ .. .. •• ..95,154 1922-23. „ .. ■■ •• •• •• 69,173 1923-24. „ .. .. .. 27,231 1924-25. „ .. .. •• •• •• 19,882 1925-26. „ .. .. •• •• 17,294 1926-27. ' „ .. •• •• ■■ •• 12,124 1927-28. „ .. ■■ ■■ ■■ •• 12,179 1928-29. Excess of income .. .. .. .. 1,476 1929-30. Excess of expenditure .. .. .. .. .. 8,940 1930-31. „ .. •• ■■ 16,365 1931-32. „ .. .. . ..14,317 1932-33. Excess of income .. .. .. .. 2,276 From 1921 to 1923 the expenditure dropped from £189,948 to £142,188, chiefly in the expenses in connection with Government steamers, while the income remained substantially the same. In 1924 there was a sharp rise in income from £73,015 the previous year to £113,269, chiefly on account of an increased scale of charges for light dues, the income from which rose from £39,689 to £76,868. From Ist April, 1926, the account benefited by the transfer of the Meteorological Branch, which cost £6,125 in the previous year, to the control of the Scientific and Industrial Research Department. The year 1928-29 showed an excess of income over expenditure of £1,476, due largely to an increase in income from royalties on whale-oil. In the year 1929-30 the net result of the Department's activities was a debit balance of £8,940 due to a heavy fall in the return of royalties on whale-oil. During the past three years there has been no whaling in New Zealand waters, and consequently no revenue from such royalties. The accounts for the year 1932-33 show a marked improvement on account of curtailed expenditure on travelling, transfer expenses, and savings by cuts in salaries and wages, and an increase in light dues. The sale of oysters and the net profit therefrom during the period for which accounts have been presented are as follows : — Season. Sales. Net Profit. £ s. d. £ s. d. 1922 .. .. .. .. 7,702 9 6 2,546 9 6 1923 .. .. .. ■■ 7,355 17 6 2,310 19 9 1924 .. .. 8,395 9 3 2,139 10 1 1925 .. .. 10,205 5 0 2,517 3 11 1926 .. .. .. .. .. 8,344 10 0 1,347 11 7 1927 .. .. .. .. ■■ 7,314 11 0 1,003 11 0 1928 .. .. .. .. 6,931 4 6 1,160 0 11 1929 .. .. .. .. •• 7,698 0 9 1,850 3 4 1930 .. .. .. .. 6,431 13 8 1,392 6 3 1931 .. .. .. .. ■■ 5,430 8 5 839 610 Loss: 1932 .. .. .. .. .. 5,083 17 5 119 15 0 The reason for the loss in the season 1932 is that an amount of £941, being part of the cost of cultivation of oysters, was charged against the account for the first time.

XIV

B.—l [Fr. 111.

Printing and Stationery Department. The operations of this Department, cover the printing and stationery requirements of all Government Departments and the turnover has exceeded £160,000 per annum during each of the past ten years, reaching a peak of £248,357 in 1929—30. Towards the end of 1933 the Education Department arranged for the public educational authorities whose funds are either entirely or to a substantial extent provided from the Consolidated Fund to be allowed to purchase stationery and printing supplies from the Government Printer, but up to the present little business has resulted from this arrangement. Manufacturing printing comprises approximately 80 per cent, of the turnover, while trading activities in stationery, typewriters, &c., amount to approximately 20 per cent, annually. The nature of the Department's business was such that it was eminently suitable to apply strictly commercial principles in the accounting system, and to produce annually Trading and Profit and Loss Accounts and balance-sheet. Commencing in .1924 a comprehensive system of cost accounting was introduced whereby more complete control became possible over the various factors in production—comprising labour, materials, and departmental and overhead expenses. Cost of production of completed jobs is now accurately ascertained, and more exact estimates of costs have become possible. Staff time-sheets allocated to jobs, priced at varying rates and returned daily, are charged to Productive Wages (directly chargeable) and to Establishment Wages (charged through on cost) and these, together with Stores issued dockets, entail very careful preparation. A useful check upon the accuracy of the system is gained by a comparison of works in progress scheduled from uncompleted job cost sheets with the amount shown by the Cost Control Account. The degree of accuracy revealed has been very satisfactory considering the volume of detail work involved, and the costing system adopted has worked well. The following table shows the results obtained during the periods mentioned.

_ It will be seen from the above table that during each year a profit (after allowing for interest on capital and depreciation) has been returned from the Department's activities with the exception of the year ended 31st March, 1932, when a loss (£3,249) was incurred. The capital as shown in the accounts is arrived at by the excess of assets over liabilities at the end of each year, and consequently fluctuations occur according to changes in stocks, sundry debtors and creditors, &c. These fluctuations are shown in the following table for the years mentioned : — £ £ £ 1923-24 .. 188,399 1927-28 .. 225,594 1930-31 .. 215,584* 1924-25 .. 216,097 1928-29 230,745 1931-32 .. 217,240 1925-26 .. 219,236 1929-30 .. 226,856 1932-33 .. 190 711 1926-27 .. 240,519 It is considered that the capital account should be an amount based upon the valuations of such assets as are used in producing revenue together with a proportion of cash invested in floating assets as stocks, &c. The accounting for purchases ancl subsequent issue of all Government stationery requirements involves the keeping of complete stock records controlling material and stores on hand. The substantial agreement of records with actual tallies of stock-taking periods evidences very satisfactory control. Audit of Government Stores. The work of this section of the Audit Office has proceeded steadily throughout the year, but as several of the Stores Audit officers were for a considerable period almost wholly occupied with investigations in connection with the Native land development schemes and the Royal Commission on Native Affairs the number of accounts examined during the year has fallen to 252, as compared with 306 in the previous year. Unfortunately, insufficiency of staff has prevented my giving that attention to some of the larger Departments of the Service that I should have liked. As, however, all Departments are now working on revised rules, the check within the Departments themselves should be of great service, provided those rules are strictly adhered to. Speaking generally, the work of auditing Government stores has been satisfactory, and I am pleased to record that the Railway Department has now issued its revised Stores Rules and Instructions,

XV

! I i j ■ i | Productive i ® sta Mish- ; Materials Office and Year. Turnover. Wages ment used in Administra- I Profits. Wages. Production, tive Costs. £ £ £ £ £ £ 1923-24 .. .. 191,303 78,403 22,500 36,643 22,560 876 1924-25 .. .. 220,910 80,809 25,508 40,561 26,210 i 13,685 1925-26 .. .. 233,891 87,704 28,762 41,545 29,424 ; 3 245 1926-27 243,833 88,285 28,968 43,153 31>16 11'328 1927-28 .. .. j 247,765 87,229 29,215 43,741 33,469 12,637 1928-29 .. .. 229,987 84,157 28,507 37,412 33,870 2 813 1929-30 .. 248,357 85,367 28,408 46,891 34,549 7,611 1930-31 .. .. 234,238 82,782 27,162 42,658 34,069 4^378 1931-32 .. .. 162,794 55,424 20,025 30,012 31,142 Loss 3,249 1932-33 .. .. 167,607 44,954 17,007 28,806 28,625 10,949

B.—l [Pt. ll].

I cannot emphasize too strongly the necessity for a careful and thorough audit of all Government stores and material, and in this connection I would like to refer to the well-known English authority, Sir E. Hilton Young. In his work " The System of National Finance "he deals, inter alia, with the auditing of stores, and it is appropriate in this section of my report to quote therefrom the following extract: — " Stores and store accounts, stock and stocktaking, are matters that lie heavy upon the minds of those responsible for economy and for the prevention of waste and leakage in the expenditure of public money. To abandon the watch over expenditure as soon as money has been converted into stores would be to close the eyes and turn them away just when control becomes most difficult and most necessary. Balances at banks and payments out of them are far easier to guard than articles lying about in storehouses, and it is far easier to tell whether a cash payment has been properly made than whether a bunkerful of coal, for instance, which yet represents cash, has been properly distributed. It is therefore eminently necessary that the expenditure of stores should be subjected to a control at least as stringent as that to which the expenditure of money is subjected. To this necessity Parliamentis now awake, although it did not awaken to it until long after the institution of the audit of money payments." Audit of the Accounts of Local Authorities. 1. In connection with the work of auditing the accounts of local authorities, I am pleased to report that all arrears of work at 31st March, 1.933, were overtaken during the year, and that at the 31st March, 1934, the position showed an improvement on that of the previous year, despite the extra work required to be undertaken by the Audit inspecting staff, arising out of the legislation of recent years. It became necessary, however, to strengthen the inspectional staff during the year, and in order to maintain the present position and cope with the increase of work in connection with the loanconversion operations of local authorities, the inspectional staff will require to be further strengthened. 2. Many local authorities have during the year experienced difficulty in collecting their revenues, with the result that numerous breaches of the law governing the limits of their expenditure have occurred. There were thirty-four instances, an increase of two on the previous year, where local authorities had exceeded the limits of their overdrafts at the bank, whilst there were thirty-two instances where local authorities had incurred liabilities, additional to overdraft liabilities, in excess of their current year's revenues. The difficulty of collecting their revenues has been responsible for the failure on the part of twenty-two local authorities either to create the required sinking funds for loans raised by them or to pay to the Sinking Fund Commissioners the annual instalments of sinking funds, and for the failure of thirteen local authorities to invest, as required by law, the amounts of their annual depreciation charges. 3. While some improvement has been effected in the stores accounting work of local authorities, there are still many who fail to realize that the omission to incorporate store accounts as a part of the accounting system destroys the best security against pilfering and waste of material. Pilfering and waste are both avoidable if a properly constituted system of stores accounting is enforced and it is therefore desirable in the interests of the ratepayers that a duty should be imposed on local authorities by statute to keep accurate records of stores. 4. In the past year the Audit Office dealt with eleven cases of misappropriation of funds by local authority officials, particulars of which were in every instance placed in the hands of the police. The defaulters were all dealt with by Criminal Court action. The largest sum misappropriated by any one official in the eleven cases mentioned was £335 17s. lOd. 5. «Eight members of local authorities automatically forfeited their seats during the year on account of being concerned or interested in contracts with the local authorities of which they were members, to an extent in each case in excess of the statutory contractual limits. In all instances the members concerned appear to have acted in ignorance of the law. 6. The services of the Audit Office have been freely availed of during the year to determine the many questions arising out of the diversity of legislation dealing with administration and finances of local authorities. Every year new enactments affecting local authorities are passed, each creating its own problems for the various local authorities' administrative officers. The principal enactments affecting the administration and finances of local authorities which were passed during last session of Parliament were : the Local Authorities Interest Reduction and Loans Conversion Amendment Act; the Harbours Amendment Act; the Municipal Corporations Act, which was both consolidated and amended ; and certain provisions of the Finance Act (No. 2). The unsatisfactory state of the law governing the disqualification of members of local authorities has on several occasions been referred to by me in my annual reports to Parliament, and I am pleased to note that it is the intention of the Government to introduce legislation during the present session of Parliament for the purpose of removing the existing anomalies in the law, by providing for uniformity in the conditions which constitute disqualification of the members of the various types of local authorities. 7. The Audit Office was during the year called upon to deal with numerous breaches of law relating to the accounts of local authorities, as detailed below (Schedule A). In each case an adjustment of accounts or a recovery of the moneys, as required by Audit, was enforced, excepting where a satisfactory explanation was made or where special circumstances were such that an adjustment or recovery was waived conditionally on legislation being obtained to validate the irregularities.

XVI

B.—l [Pt. ll]

A list of the special cases where this conditional waiver was granted is set out in Schedule B. Schedule A. Depreciation in trading accounts, absence or inadequacy of charge for .. .. 3 Disqualification of local-body members on account of breaches of law .. .. 8 Expenditure without legal authority .. .. .. .. .. 17 Expenditure made by education authorities out of endowment income without approval of Minister .. .. .. .. .. .. .. 15 Failure to provide for expenditure for year out of revenue .. .. .. 32 Failure to make claims within prescribed time for refunds of tax under Motor-spirits Taxation Act, 1927 .. .. .. .. .. .. 3 Fidelity securities for staff (absence of) .. .. .. .. .. 14 Finance Act, 1931 (No. 4), section 45 (2), and Finance Act, 1932, section 39 (3) — Rebates on rates not allowed in terms of .. .. .. 14 Approval of Minister not obtained for disposal of balance of subsidy received .. 10 Heavy-traffic license fees not collected in respect of farmers' motor-lorries .. .. 3 Investments contrary to law .. .. .. .. .. .. 8 Liability not disclosed in accounts .. .. .. .. .. 1 Loans raised without compliance with section 3 (1), Local Authorities' Loans (Rates of Interest) Act, 1931 .. .. .. .. .. .. 3 Local Bodies' Loans Act, 1926 (offences under) — (a) Loans raised in excess of or without legal authority .. .. 2 (b) Loan-moneys illegally expended .. .. .. .. .. 8 (c) Interest on fixed deposits, wrongly applied .. .. .. 3 (d) Loan-moneys not in separate bank account .. .. .. 12 (e) Sinking funds not established and instalments in arrear .. .. ..22 (f) Loan allocations overexpended .. .. .. .. .. 1 (g) Interest paid in excess of authorized rate .. .. .. 1 (h) Miscellaneous .. .. .. .. .. .. .. 5 Main Highways Act, 1926, section 2 : Separate bank accounts not kept .. .. 1 Moneys not banked as required by law .. .. .. .. .. 13 National Expenditure Adjustment Act, 1932 — Stamp duty on interest not paid in terms of section 46 (1) .. .. 2 Stamp duty refunded under section 47 (1) not applied in reduction of rates .. 2 Overdrafts without or in excess of statutory authority .. .. .. .. 34 Overdrafts without consent of Minister .. .. .. .. .. 2 Payments unsupported by receipts and/or vouchers .. .. .. ..23 Purchase on terms or by instalments and payment of interest thereon .. .. 7 Rates, dues, fees, &c., not levied or collected according to law .. .. .. 32 Refunds, rebates, or remissions contrary to law .. .. .. .. 11 Reserves for depreciation, &c., not invested .. .. .. .. 13 Reserve fund moneys used for purposes other than those for which they were put aside 1 Separate accounts established without lawful authority .. .. .. .. 18 Separate accounts not kept as required by law .. .. .. .. 7 Transactions not included in accounts .. .. .. .. .. 9 Travelling expenses and allowances in excess of or without statutory authority .. 6 Trust moneys wrongly applied .. .. .. .. .. .. 3 Unlawful sinking and other funds .. .. .. .. .. 1 Unlawful transfers between accounts . . .. .. .. .. 11 " Unauthorized expenditure " in excess of legal limits .. .. .. 2 Miscellaneous .. .. .. .. .. .. .. .. 13 Domain Boards— (a) Borrowing without authority of law .. .. .. .. .. 15 (b) Failure to bank funds as required by law . . .. .. .. 28 (c) Breaches of trustee law.. .. .. .. .. .. 3 (d) Payment's without statutory authority .. .. .. .. 15 (e) Investments and deposits without statutory authority .. .. 20 (/) Reduction of rental without ministerial approval .. .. .. 16 (g) Payments unsupported by receipts and/or vouchers .. .. .. 8 (h) Receipts unvouched owing to inadequate records .. .. .. 7 (i) Failure to keep an essential book of record .. .. .. 7 (j) Miscellaneous .. .. .. . . .. .. .. .. 17 Cemetery Trustees— (a) Failure to bank funds as required by law .. .. .. 25 (b) Breaches of trustee law.. .. .. .. .. .. 3 (c) Payments without statutory authority . . .. .. .. 1 (d) Failure to keep a Register of Burials as required by law .. .. 5 (e) Miscellaneous .. .. .. .. .. .. .. 8

iii—B. 1 [Pt. ll].

XVII

B.—l [Pt. ll].

Attention lias been drawn during the year to the following matters which relate to the accounts of local authorities but which are not breaches of law. Unsatisfactory systems of accounts — (a) Financial .. .. .. . • • • • ■ • • .. 7 (b) Stores .. .. .. ■ • • • • • • • .. 12 Excessive sundry debtors, laxity in collecting rates, &c. .. .. .. ..25 Profit and Loss Account: Balance incorrectly stated .. .. .. 8 Sundry items not verified owing to inadequacy or non-production of supporting evidence 28 Schedule B.—Breaches of Law passed subject to Validation of Irregularities. Buller County Council —Borrowing by way of overdraft in excess of statutory limit. Lower Hutt Borough Council —Purchasing of a section of land subject to a mortgage. Manukau County Council—Non-compliance with provisions of section 3 (1), Local Authorities Loans (Rates of Interest) Act when raising a loan. Motunau Rabbit Board —Extending the terms of instalments of a loan before the due dates for the repaying of such instalments. Patangata County Council—Allocating interest and sinking fund charges on a loan to the riding accounts in proportion to the amount of loan-money expended in each riding. Patea Borough Council —Transferring of proceeds of certain land sales to General Account. Rawene Town Board—Expending of funds contributed for the purpose of building a library, on the purchasing of books for the library. Wairoa Borough Council —Borrowing, due to the favourable rate of exchange, of a sum in excess of that required to repay a loan in Australia. Wairoa Borough Council —Making a grant to relieve distress caused by Napier Harbour launch disaster. Wairoa Borough Council —Making a grant to a Committee for the relief of unemployment in the borough. Statement of Royalties payable to the Crown and unpaid at the 31st March, 1934. Section 91 (2) of the Public Revenues Act, 1926, reads a£ follows : —• " The Controller and Auditor-General shall include in the report to be prepared by him pursuant to subsection two of section eighty-nine hereof a statement as to all royalties payable to the Crown and for the time being unpaid, setting forth in respect of such royalties— " (a) The name of the person by whom the same are payable; " (b) The amount payable by each such person ; and " (c) The steps (if any) that have been taken to recover the said royalties, and, if no such steps have been taken, the reasons for allowing the said royalties to remain outstanding." Following the course previously adopted, the names of those in arrear are not published, although so required by the Act, but in the figures hereunder are included all amounts which were shown on the Department's books as owing and unpaid on the 31st March last. No attempt has been made to distinguish between the persons who have reasonable grounds for non-payment and those who have not: — Department. Amount unpaid. Forestry —■' £ s. d. £ s. d. Auckland Region .. .. .. .. 105 0 5 Nelson Region .. .. .. •• 2,480 5 11 Rotorua Region .. .. .. .. 1,387 16 5 Wellington Region .. .. .. .. 162 14 2 Westland Region .. .. .. .. 651 411 — 4,787 1 10 Lands and Survey — North Auckland District .. .. .. 1,167 6 1 , Auckland District .. .. .. .. 249 9 8 Hawke's Bay District .. .. .. 364 7 2 Wellington District .. .. .. .. 1,200 14 0 Nelson District .. .. .. .. 99 17 8 Canterbury District .. .. .. .. 10 10 3 Westland District .. .. .. •• 2,142 17 6 Southland District .. .. .. .. 150 18 10 5,386 1 2 Defence .. . . •• -■ •• •• 240 Marine .. .. .. . ■ • • ■ • ■ 743 3 1 Mines .. . . .. . . • ■ • ■ • • 6,100 19 5 Native 2,157 12 11 Public Works .. .. .. .. .. 076 State Coal-mines .. .. .. •• 1,045 6 11 £20,222 16 10

XVIII

B.—l [PT. ll]

STATEMENT OF IRREGULARITIES IN CONNECTION WITH PUBLIC MONEYS AND STORES. Nature of Irregularity. inwlved j Action taken, and Eeauit. Education Department. IRREGULARITIES BY PERSONS NOT DEPARTMENTAL OFFICERS. £ S. d. Theft of cash and stores .. .. .. I 9170; Police investigation unsuccessful. Loss to Department, £9 17s. Industries and Commerce, Tourist, and Publicity Department. IRREGULARITY BY DEPARTMENTAL OFFICER. Misappropriation of departmental moneys .. < 104 16 7 I Offender admitted to two years' probation. RestituI tion is being made. Justice Department. IRREGULARITIES BY DEPARTMENTAL OFFICERS. Failure to account promptly for moneys received I 6 8 0 1 Offender resigned the Service. Restitution made. Misappropriation of departmental moneys .. I 710 0 [ Offender deceased. Restitution made. Mental Hospitals Department. IRREGULARITY BY DEPARTMENTAL OFFICER. Misappropriation of departmental moneys .. 17 1 3 I Offender admitted to probation for twelve months. i I Restitution made. Native Department. IRREGULARITY BY DEPARTMENTAL OFFICERS. Theft of departmental stores .. .. 8 8 0 Offender admitted to probation for two years. Restitution made. Obtaining, by means of false statements, excess 877 12 3 Offender sentenced to twelve months' imprisonment, unemployment relief subsidies on contracts Theft of cash .. .. .. .. 6 3 6 Offender placed on probation for twelve months. Restitution ordered. Theft of stores .. .. .. .. 4 7 6 Offender sentenced to three months' imprisonment. Loss to Department of £4 7s. 6d. Post and Telegraph Department. IRREGULARITIES BY DEPARTMENTAL OFFICERS. Theft of postal packet .. .. .. 2 0 0 Offender admitted to probation for three years. Restitution made. Theft of postal packets .. .. .. 5 6 2 Offender admitted to probation for two years. Restitution made. Misappropriation of departmental moneys .. 20 18 3 Offender admitted to probation for two years. Restitution made. Misappropriation of departmental moneys .. 14 7 2 Offender deceased. Loss to Department, £14 7s. 2d. IRREGULARITIES BY PERSONS NOT DEPARTMENTAL OFFICERS. Theft of cash by burglar .. .. .. 318 0 Police investigation unsuccessful. Loss to Department, £3 18s. Theft of cash by burglars .. .. .. 211 0 Offenders sentenced to reformative detention for periods of four years and three years. Loss to Department, £2 lis. Theft of cash and postal notes by burglar .. 33 15 7 Police investigation unsuccessful. Loss to Department, £33 15s. 7d. Theft of postal notes and stamps by burglar .. 917 5 Offender sentenced to four years' reformative detention on this and other charges. Postal notes and stamps recovered. Theft of cash and stamps by burglar .. 40 18 11 Police investigation unsuccessful. Loss to Department, £40 18s. lid. Theft of cash by burglar .. .. .. 0 114 Police investigation unsuccessful. Restitution made by officer in charge, who was deemed negligent. Theft from public call offices .. .. 211 6 Offender sentenced to six months' imprisonment. Recovery of 10s. 3d. made. Loss to Department, £2 Is. 3d. Fraudulent withdrawals from Savings - bank 35 0 0 Offender sentenced to six months' imprisonment, account Restitution made. Theft from registered-mail bag .. .. 8 0 0 Police investigations unsuccessful. Loss to Department, £8. Fraudulent withdrawals from Savings - bank 30 10 0 Offender sentenced to six months' imprisonment, account Recoverv of £9 Bs. 2d. made. Loss to Department, £21 Is. lOd. Misappropriation of departmental moneys .. 82 5 3 Offender deceased. Part restitution made. Loss to Department, £70 ss. 3d. Various thefts from public call offices .. 22 11 6 Police investigations unsuccessful. Loss to Department, £22 lis. 6d. Printing and Stationery Department. IRREGULARITIES BY DEPARTMENTAL OFFICER. Failure to account promptly for moneys received j 417 5 | Disciplinary action taken. Restitution made.

XIX

B.—l [PT. ll].

STATEMENT OF IRREGULARITIES IN CONNECTION WITH PUBLIC MONEYS AND STORES—continued.

SCHEDULE OF IMPERFECT VOUCHERS PASSED BY THE AUDIT OFFICE, UNDER AUTHORITY OF SECTIONS 73 AND 75, PUBLIC REVENUES ACT, 1926.

XX

Nature of Irregularity. involved. Actlon taken > and Result. fc Public Works Department. IRREGULARITIES BY DEPARTMENTAL OFFICERS. £ S. d. Theft of departmental stores .. .. 230 17 0 I Offender sentenced to six months' imprisonment j Loss to Department, £230 I7s. Misappropriation of departmental stores .. 47 14 3 Departmental action taken. Amount refunded. Railways Department. IRREGULARITIES BY DEPARTMENTAL OFFICERS. Failure to account promptly for moneys received 1 9 10 1 Offender dismissed the Service. Restitution made. Misappropriation of departmental moneys .. 76 15 Q Offender dismissed the Service. Restitution made. Misappropriation of departmental stores .. 6 5 0 Three offenders fined £5 each and dismissed the Service. Restitution made. IRREGULARITIES BY PERSONS NOT DEPARTMENTAL OFFICERS. Theft of cash and postal notes by burglar .. 109 16 0 Police investigation unsuccessful. Loss to Department, £34 18s. Thefts of cash by burglars (four offences) .. 62 2 7 Police investigations unsuccessful. Loss to Department, £62 2s. 7d. Unemployment Board. IRREGULARITIES BY PERSONS NOT DEPARTMENTAL OFFICERS. Obtaining, by means of false statements, relief 840 7 1 Fines totalling £74 have been imposed, and arrangein excess of the amount allowed by the Unem- ments made to recover part of the amounts irreguployment Board (fifty-seven offences) larly obtained.

Department and Particulars. Reason Amount Total Amount. Agriculture. £ s. d. £ s. d. Bail fares of officer whilst visiting Australia .. Impossible to obtain receipts .. 9 13 8 9 13 8 Customs. Travelling-expenses, postages, &c., of Official Repre- Impossible to obtain receipts .. 99 8 4 sentative at New York Travelling - expenses, Official Representative in Impossible to obtain receipts .. 30 15 6 Germany 130 3 10 Defence. Reimbursement of exchange paid by contractor .. Impossible to obtain receipts .. 231 9 4 Taxi-hire, officer travelling on duty .. .. Receipts not obtained .. .. 0 12 6 232 1 10 Education. Travelling expenses of officer .. .. .. Impossible to obtain receipts .. 17 6 1 7 6 External Affairs Reimbursement for purchase of goods .. .. Receipts lost and cannot be replaced 0 10 0 0 10 0 Industries and Commerce, Tourist, and Publicity. Reimbursement to firm for bond and Customs entries Receipts not obtained .. .. 19 3 Reimbursement to officer for cost of framing pictures Receipts not obtained .. .. 0 10 2 Railway fare of officer travelling in Australia .. Impossible to obtain receipts .. 5 13 Reimbursement to firm for freight and handling Impossible to obtain receipts .. 35 8 3 charges on films Costs in connection with New Zealand products at Receipts not obtained .. .. 30 10 1 Empire Fair, Hong Kong 72 19 0 Internal Affairs. Payment to car drivers for special services in comiec- Receipts not obtained .. .. 1 10 0 tion with distinguished visitors 1 10 0 Justice and Prisons. Refund telephone rental departmental officers .. Receipts lost and cannot be replaced 47 13 4 Accommodation and fares of witnesses .. .. Impossible to obtain receipts .. 4 8 0 Refund railage paid by firm .. .. .. Impossible to obtain receipts .. 0 17 0 52 18 4 Land and Income Tax. Refund of income-tax deposit .. .. .. Receipt lost and cannot be replaced 3 17 7 3 17 7

B. —1 [Pt. ll].

SCHEDULE OF IMPERFECT VOUCHERS PASSED BY THE AUDIT OFFICE, UNDER AUTHORITY OF SECTIONS 73 AND 75, PUBLIC REVENUES ACT, 1926—continued.

Ssction 3 (3), Public Revenues Act, 1926. Appended is a statement of the items representing moneys and stores which require the authority of Parliament for their final writing-off and discharge from the Public Account. Staff. I desire to express my appreciation of the efficient manner in which the work of the Audit Office has been performed by the staff during the year. There has been a great deal of additional work placed upon the Audit officers by legislation of late years, and recently the extra duties have been especially heavy owing to the work in connection with the Royal Commission of Inquiry into Native Affairs. I also recognize the zeal with which the officers continue to prosecute their studies in order that they may fit themselves to perform more efficiently higher duties in the service of the State. To carry out efficiently these higher duties an officer must not only have an expert knowledge of the principles of accountancy and auditing but he must also possess a sound knowledge of the particular laws governing the various classes of accounts which come under his review. In this connection I may mention that no less than fifty-two members of the staff have fully qualified by examination as professional accountants, and that many others have successfully passed in a majority of the subjects, and should in due course complete the final examination. I have to acknowledge with thanks the courtesy and assistance accorded by the various Government Departments and local bodies to the Audit Office and the Audit Inspectors throughout, the Dominion, and my acknowledgments are also due to the Crown Law Office for advice on the many difficult legal questions which have arisen during the year. G. P. C. Campbell, Audit Office, Controller and Auditor-General. sth September, 1934.

XXI

Department and Particulars. Reason. Amount. Amount Lands and Survey. £ s. d. £ s. d. Reimbursement freight, delivery charges, and exchange Impossible to obtain receipts .. 2 18 0 paid by firm Travelling-expenses of officers .. .. .. Impossible to obtain receipts .. 2 17 6 5 15 6 Marine. Reimbursement for books purchased for examination Impossible to obtain receipts .. 1 0 10 Reimbursement for dues paid by officer (deceased) .. Receipts lost and cannot be replaced 5 14 1 6 14 11 Mental Hospitals. Taxi-hire and hotel accommodation .. . . Receipts not obtained .. .. 2 12 6 2 12 6 Native. Purchase of benzine by officer .. .. .. Impossible to obtain receipts .. 0 8 8 0 8 8 Native Trust. Rents paid to beneficiaries, Native reserves .. Receipts lost and cannot be replaced 1 15 1 Rents paid to beneficiaries, Native reserves . . Impossible to obtain receipts .. 0 7 6 2 2 7 Pensions. War pension, instalment of .. .. . . Receipt not obtained .. .. 9 12 10 War pension, instalment of .. .. .. Impossible to obtain receipt .. 3 15 10 : 13 8 8 Post and Telegraph. Publications purchased abroad .. .. . . Impossible to obtain receipts .. 2 0 10 2 0 10 Public Works. Meals of officer on transfer .. .. .. Receipts not obtained .. .. 3 10 0 Travelling allowances and expenses of officer .. Receipts not obtained .. .. 19 17 1 23 7 1 Railways. Meals and motor-hire of officers on transfer .. Receipts not obtained .. .. 14 0 1 4 0 Scientific and Industrial Research. Freights and exchange paid by firm .. .. Receipts not obtained .. .. 2 18 11 Accommodation and fares of expert attending meeting Impossible to obtain receipts .. 5 5 0 re wool research 8 3 XI State Forest Service. Refund of amount paid by officer for tree-seed, Impossible to obtain receipts .. 309 19 5 freight, &c. 309 19 5 Transport. Travelling-expenses of member of Transport Licensing Impossible to obtain receipts .. 0 17 6 Authority 0 17 6 Treasury. Travelling-expenses in connection with visit to Wei- Receipts not obtained .. .. 60 1 3 lington of members of Stock Exchange 60 1 3 Unemployment Board. Refund of Christmas fares .. .. .. Receipts not obtained .. .. 37 15 8 Wages and subsidy paid .. .. .. Impossible to obtain receipts .. 2 18 0 Wages paid .. .. .. .. . . • Receipts not obtained .. .. 13 6 — 41 17 2 £983 15 9

B.—l [PT. ll].

APPENDIX.

STATEMENT OF SUMS IRRECOVERABLE BY THE CROWN, AND VALUE OF STORES, ETC., IN RESPECT OF WHICH AUDIT CONCURRENCE HAS BEEN GIVEN FOR THE WRITING-OFF AND DISCHARGE FROM THE PUBLIC ACCOUNT SINCE LAST REPORT.

XXII

Department and Particulars. Reason lor writing ofl. Value of Stores. Cash. Agriculture. £ s. d. £ s. d. Value of stores .. .. .. .. Loss on sale, deficient, broken, lost, or 111 13 0 unserviceable Free issues .. .. .. .. 103 Value of live-stock .. .. .. Died, destroyed, stolen, or loss on realiz- 405 17 6 ation Value of improvements .. .. .. Abandoned .. .. .. 175198 Value of saleable publications .. .. Free issues .. .. .. .. 405 Value of buildings . . .. .. Loss on realization .. .. .. 0 0 9 Contribution towards salary and expenses of Company in liquidation .. .. .. 12 17 0 Farm Dairy Instructor Advertising .. .. .. .. Company in liquidation .. .. .. 10 0 0 Charges on condemned fruit destroyed .. Debtor unfinancial .. .. .. .. 0 2 3 Fumigation and seed-testing fees .. .. Fees remitted owing to special cireum- .. 4 3 6 stances Nursery registration fees .. .. .. Debtor unfinancial .. .. .. .. 10 0 Slaughtering and inspection fees .. .. Fees remitted to unemployment relief .. 4 9 11 organization. Debtors unfinancial, deceased, or bankrupt Dairy-produce-grading fees .. .. Company in liquidation .. .. .. 7 10 4 Grazing charges .. .. .. Fees remitted owing to special circum- .. 10 0 0 stances Sale of and freight on wine .. Debtors unfinancial .. .. .. .. 11110 Veterinary and inspection fees .. .. Fees remitted owing to special circum- .. 31 7 6 stances Shortages in publications at stock-taking .. Debtor unfinancial and now left the .. 0 16 0 Service Potatoes and seed wheat supplied .. .. Debtors unfinancial .. .. .. .. 125 3 0 Legal fees .. .. .. .. Debtor untraceable .. .. .. .. 3 3 0 Rent .. .. .. .. .. Debtor untraceable .. .. .. .. 43 9 2 Audit. Value of office appliances .. .. Obsolete and unserviceable .. .. 110 Value of stores .. .. .. .. Loss on realization .. .. .. 0 10 10 Audit fees .. .. .. .. Fee reduced owing to special circum- .. 4 10 0 stances Cook Islands. Value of stores .. .. .. .. Deficient .. .. .. .. 80 0 6 Defence. Value of stores .. .. .. Lost, stolen, deficient, broken, or destroyed 2,635 14 1 by fire Value of clothing and equipment on issue to Untraceable or destroyed by fire .. 103 5 7 trainees Value of stores .. .. .. .. Issue for relief in earthquake area and 850 6 1 not returned Value of stores .. .. .. .. Gratuitously issued to relief organization 11 0 0 Value of horses .. .. .. .. Died or destroyed .. .. .. 70 16 7 Value of aeroplanes .. .. .. Destroyed in crashes .. . 742 2 6 Rent .. .. .. .. .. Debtors unfinancial or untraceable .. .. 12 2 2 Hire of marquee for tangi .. .. Hire remitted .. .. .. .. 8 7 2 Education. Value of stores .. .. .. .. Lost, broken, or deficient .. .. 84 9 1 Value of live-stock .. .. .. Died or destroyed .. .. .. 90 4 0 Travelling-expenses and medical treatment.. Debtor unfinancial . . . . •. • • 15 1 10 Board allowance overpaid .. .. Debtor deceased .. .. .. .. 24 0 0 Advertising .. .. .. .. Debtors unfinancial .. .. .. .. 33 7 3 Timber .. .. .. • • Debtor unfinancial .. .. .. .. 12 4 10 Maintenance fees .. .. .. Debtors unfinancial, deceased, or untrace- .. 1,113 7 0 able External Affairs. Advance, New Zealand Reparation Estates .. Debtors in poor circumstances .. .. 1,179 6 4 Rent and insurance premiums .. .. Debtors unfinancial or deceased .. .. 247 11 10 Maintenance of properties .. . • Debtors unfinancial .. .. .. 318 14 8

B. —1 [Pt. ll].

STATEMENT OF SUMS IRRECOVERABLE BY THE CROWN, AND VALUE OF STORES, ETC.—continued.

XXIII

Department and Particulars. Season lor writing off. Value oI Scores. Cash. Health. £ s. d. £ s. d. Value of stores .. .. .. .. Lost, deficient, broken, unserviceable, or 898 12 4 loss on realization Value of live-stock .. . . .. Died .. .. .. .. 46 8 9 Value of buildings .. .. .. Loss on realization .. .. .. 1,119 0 4 Value of improvements at Otaki Sanatorium Handed over to Palmerston North Hos- 1,490 5 2 pital Board Value of assets at Otaki Sanatorium .. Handed over to Palmerston North Hos- 17,967 1 2 pital Board Value of assets at St. Helen's, Wanganui .. Handed over to Wanganui Hospital Board 4,308 14 9 Value of assets at Waipukurau Sanatorium Handed over to Waipawa Hospital Board 44,793 12 10 Value of assets at St. Helen's, Gisborne .. Handed over to Cook Hospital Board .. 7,123 2 11 Maintenance and treatment .. .. Debtors in poor circumstances, bankrupt, .. 11,309 10 0 untraceable, or deceased Cartage on furniture .. .. .. Debtor unfinancial .. .. .. .. 15 7 Official stamps .. .. .. .. Stolen from school dental clinic .. .. 0 7 0 Industries and Commerce, Tourist, and Publicity. Value of stores .. .. . . .. Lost, broken, deficient, unserviceable, 486 18 6 destroyed by fire, or loss on realization Value of live-stock .. .. .. Lost, stolen, or died .. .. .. 57 9 11 Rotorua Sanatorium fees.. .. .. Debtors in poor circumstances .. .. 148 6 0 X-ray fees, Te Aroha .. .. .. Debtors unfinancial or untraceable .. .. 5 5 6 Electricity-supply .. .. .. Debtors in poor circumstances or un- .. 121 9 5 traceable Advertising charges .. .. .. Debtors unfinancial or bankrupt .. .. 6 13 9 Sale of photographs .. .. .. Debtor untraceable .. .. .. .. 2 10 0 Rent .. .. . . .. .. Debtor unfinancial .. .. .. .. 18 0 0 Water-supply .. .. .. .. Debtor untraceable or unfinancial .. .. 83 8 3 Accommodation fees at Chateau Tongariro .. Rebate on accommodation charges .. .. 0 14 0 Internal Affairs. Value of stores .. .. .. .. Stolen, deficient, or Joss on realization .. 6 15 6 Advances by High Commissioner and cost of Debtors in poor circumstances or un- .. 131 19 2 cables traceable Loan on mortgage .. .. .. Loss on realization .. .. .. .. 1,537 1 11 Rent .. .. .. .. .. Debtors unfinancial ; rent remitted .. 123 5 0 owing to special circumstances Hospital and funeral expenses of New- Debtor deceased .. .. .. .. 48 4 9 Zealander stranded in foreign country Fishing licenses .. .. .. Licenses inadvertently sold by agents at .. 0 6 0 wrong price Justice and Prisons. Value of stores .. .. .. .. Lost, broken, deficient, unserviceable, 175 6 3 destroyed by fire, or loss on realization Value of live-stock .. .. .. Died or destroyed .. .. .. 1,074 8 8 Value of buildings .. .. .. Collapsed .. .. .. .. 17 4 0 Rent .. .. .. .. .. Debtor unfinancial .. .. .. .. 168 1 5 Overpayment, Interpreter's allowance .. Debtor deceased .. .. .. .. 0 5 6 Court costs .. .. .. .. Debtors untraceable or deceased, records .. 113 0 destroyed in earthquake, company in liquidation Medical maintenance .. .. .. Debtors unfinancial .. .. .. .. 4 0 0 Debit balance of earnings .. .. Debtor unfinancial .. .. .. .. 17 1 Road metal supplied .. .. .. Claim unenforceable .. .. .. 133 4 6 Vegetables and pigs supplied by prison .. Debtors unfinancial or bankrupt .. .. 4 14 11 Labour. Value of stores .. .. .. .. Lost, deficient, stolen, broken, or un- 9 13 4 serviceable Penalties and costs .. .. .. Debtors unfinancial, untraceable, or bank- .. ' 64 1 7 rupt Fares of workmen .. .. .. Debtors untraceable or unfinancial .. .. 22 12 7 Witnesses' expenses .. .. .. Debtor unfinancial .. .. .. .. 0 9 0 Weights and measures fees .. .. Debtors bankrupt .. .. .. .. 2 12 10 Charge for verification of petrol-pump .. Company in liquidation .. .. .. 0 13 0 Land and Income Tax. Income-tax .. .. .. .. Debtors untraceable .. .. .. 387 4 5 Lands and Survey. Value of stores .. .. .. .. Broken, deficient, stolen, unserviceable, 78 14 11 or loss on realization Value of lithographs .. .. .. Deficient, obsolete, or damaged .. 95 11 9 Value of steamer .. .. .. Loss on sale of s.s. " Hauraki " .. 75 2 6 Value of hut .. .. .. .. Loss on demolition .. .. .. 9 0 0 Value of motor-vehicles .. .. .. Loss on realization .. .. .. 4 11 1 Timber royalties .. .. .. Debtors unfinancial; rebates allowed for .. 475 9 0 prompt payment Kauri-gum royalty advances and rent on Debtors unfinancial .. .. .. .. 23 13 3 gum-washing licenses Interest on survey liens .. .. .. Debtor unfinancial; remission of survey .. 1,803 17 6 liens owing to special circumstances Miscellaneous advances .. .. .. Debtor unfinancial .. .. .. .. 0 6 7

B. —1 [PT. ll].

STATEMENT OF SUMS IRRECOVERABLE BY THE CROWN, AND VALUE OF STORES, ETC. —continued.

XXIV

Department and Particulars. J Reason for writing off. Value of Stores. Cash. Lands and Survey —continued. £ s. d. £ s. d. Advance, small farm .. .. .. Loss on realization .. .. .. .. 2149 Lithographs and search fees .. .. Debtors untraceable .. .. .. 0 14 6 Tram freights .. .. .. .. Debtors unfinancial, untraceable, or .. 71 10 3 deceased Exchange .. .. .. .. Expenses of collection not warranted; .. 113 debtor deceased Value of cottage .. .. .. Reduction in value on account of cottage .. 14 16 9 not being bxiilt to specifications Bents .. .. .. .. .. Debtors unfinancial, bankrupt, deceased, .. 20,313 13 8 or untraceable Interest on buildings .. .. .. Debtor unfinancial .. .. .. .. 93 15 4 Interest on deferred-payment licenses .. Debtors unfinancial, bankrupt, deceased, .. 2,352 8 0 or untraceable Advances, Pebbly Hills afforestation .. Loss on realization .. .. .. .. 100 0 0 Advances under Discharged Soldiers Settle- Loss on realization of securities .. .. 64,428 13 11 ment Act Value of Crown land .. .. .. Loss on disposal of Puketiti 2a Block .. .. 1,162 5 9 Marine. Value of stores .. .. .. .. Lost, deficient, or stolen .. .. 88 3 3 Machinery and boiler inspection fees .. Debtors unfinancial, bankrupt, or un- .. 98 0 11 traceable Seaworthiness-survey fee .. .. Debtors unfinancial .. .. .. .. 3 0 0 Light dues .. .. .. .. Courtesy call of vessel to borough after .. 19 18 8 which ship was named Rent and royalty on coal .. .. Debtors in poor circumstances .. .. 147 7 0 Mental Hospitals. Value of stores .. .. .. Deficient, stolen, broken, destroyed, or 1,725 0 11 unserviceable Value of live-stock .. .. .. Died or destroyed .. .. .. 463 13 8 Mines. Value of stores .. .. .. Deficient or unserviceable .. .. 256 16 10 Value of publication .. .. .. Deficient .. .. .. .. 096 Value of coal shortages . . .. .. Slack dumped and irrecoverable .. 100 0 0 Value of coal shortages .. .. .. Due to handling and stone .. .. 1,147 5 8 Value of plant .. .. .. .. Loss on realization .. .. .. 98 12 0 Sale of coal .. .. .. .. Debtors unfinancial .. .. .. .. 61 9 4 Rent and royalties, coal lease .. .. Debtors bankrupt .. .. .. .. 52 13 0 Advances to mining companies .. .. Companies in liquidation or insolvent .. 17,898 14 8 Court costs .. .. .. .. Debtors in poor circumstances or untrace- .. 2 19 0 able Stores supplied to gold-prospectors .. Debtors untraceable.. .. .. .. 1 11 4 Native. Value of stores .. .. .. Lost, deficient, broken, or unserviceable 7 10 8 . * Native Trust. Mortgage interest .. .. .. Debtors unfinancial .. .. .. .. 11,491193 Naval Defence. Value of stores .. .. .. Lost, deficient, broken, or unserviceable 129 16 0 Value of clothing and equipment .. On issue, irrecoverable .. .. 4 8 4 Value of provisions, H.M.S. " Diomede " .. Issued at less than cost .. .. 123 7 11 Value of provisions, H.M.S. " Dunedin " .. Issued at less than cost .. .. 104 3 10 Value of provisions, H.M.S. " Philomel " .. Issued at less than cost .. .. 95 18 0 Value of provisions, H.M.T. " Wakakura " Issued at less than cost .. .. 8 3 11 Debit balance of pay .. .. .. Rating deserted and was discharged for- .. 0 13 feiting all claim to deferred pay at credit Rent .. .. .. .. .. Debtor untraceable .. .. .. .. 3 0 0 Pensions. Overpayment of pension .. .. Pensioner deceased .. . . .. .. 108 7 11 Police. Value of stores .. .. .. Lost, deficient, stolen, broken, or loss on 197 11 4 sale Value of buildings .. .. .. Loss on sale .. .. .. 260 12 0 Post and Telegraph. Value of stores .. .. .. Lost, stolen, obsolete, broken, unservice- 934 7 3 able, or destroyed by fire Value of telephones .. .. .. Destroyed by fire .. .. .. 787 1 2 Restitution-moneys .. .. .. Debtor unfinancial .. .. .. .. 0 2 6 Advertising charges .. .. .. Debtors unfinancial, bankrupt, or untraee- .. 157 11 6 able Toll fees .. .. .. .. Debtors unfinancial, untraceable, or de- .. 444 3 5 ceased Stamps and money .. .. .. Stamp-vending machines fraudulently .. 89 8 9 manipulated and money stolen from public call offices

B.—l [Pt. ll].

STATEMENT OF SUMS IRRECOVERABLE BY THE CROWN, AND VALUE OF STORES, ETC.—continued.

iv—B. 1 [Pt. ll].

XXV

Department and Particulars. Reason for writing off. Value of Stores, j Cash. Printing and Stationery. £ s. d. € s. d. Value of stores .. .. •. Deficient or obsolete .. .. 78 4 1 Value of publications .. .. .. Unsaleable .. .. .. .. 333 2 1 Advertising and legal proceedings .. Debtor unfinancial .. .. .. .. 1 11 0 Public Service Superannuation. Advance .. .. .. •• Loss on realization of security .. .. 1,248 14 7 Public Trust. Defalcations .. .. .. .. Former member of staff since committed .. 242 3 10 to prison Public Works. Value of stores .. .. .. Deficient, stolen, broken, obsolete, de- 6,776 16 I stroyed by fire ; loss on sale or loss on transfer Value of buildings .. .. .. Destroyed by fire or gale .. .. 146 0 0 Value of horses.. .. .. .. Drowned or destroyed .. .. 32 0 0 Rent .. .. .. .. . • Debtors unfinancial .. .. .. . . 155 6 4 Electricity supplied ., .. .. Debtors untraceable, deceased, or un- .. 3 10 10 financial Legal costs .. .. .. . • Debtor untraceable .. .. .. • • 2 2 0 Royalty on timber carted over clay road .. Debtor unfinancial .. .. .. .. 3 119 Electric line license fee .. .. .. Debtor bankrupt .. .. .. .. 2 2 0 Electric oven inspection fees and costs .. Debtor unfinancial .. .. .. .. 2 12 0 Water rates .. .. .. .. Debtor unfinancial .. .. .. .. 12 6 Penalty for late payment of electricity supplied Fees remitted owing to special circum- .. 926 13 9 stances Royalty on cartage of heavy loads over main Rebate granted in consideration of prompt .. 4 19 3 highways payment Clothing and railway fares of workmen .. Debtors untraceable ... .. • - 0 18 11 Interest on overdue instalment under hire- Fee remitted under special circumstances .. 0 12 10 purchase agreement due by County Council Principal and interest on loan made for Company in liquidation; debtor deceased .. 3,110 8 8 development of quarries Amounts overpaid on wages and contracts .. Debtors untraceable . - .. .. 10 0 Cost of repairs to road-line fences damaged Company in liquidation; debtor un~ .. 2 18 4 by motor-lorries financial Refund of petrol-tax . . .. .. Refund declined in accordance with legal .. 0 16 0 opinion owing to lateness of claim Value of goods .. .. .. .. Stolen from railway .. .. .. .. 3 9 0 Railways. Value of stores .. . . .. .. Lost, stolen, or broken .. .. 1,291 7 6 Value of wagons .. .. .. Damaged beyond repair in accidents .. 679 16 10 Rent .. . . .. •. .. Debtors unfinancial, untraceable, or de- .. 699 5 7 ceased Advertising . . . . . . .. Debtors unfinancial or untraceable .. .. 181 12 1 Freight . . .. . . .. Debtors unfinancial or untraceable .. .. 206 4 10 Scientific and Industrial Research. Value of stores .. .. .. .. Lost, deficient, and broken .. .. 103 2 2 Stamp Duties. Death duty .. .. .. .. Estate bankrupt .. .. .. .. 86 17 11 State Advances. —■Settlers Branch. Land and dwelling, Northcote Settlement .. Vested in Waimairi County Council in .. 1,093 2 9 accordance with Finance Act (No. 2), 1933 Loans on mortgage .. .. .. Loss on realization .. .. .. .. 42,297 9 8 State Advances. — Workers Branch. Loans on mortgage .. .. .. Loss on realization .. .. .. .. 9,766 1 10 State Advances.—Rural Advances Branch. Loans on mortgage .. .. .. Loss on realization .. .. .. .. 7,648 18 6 State Advances. —Repatriation Branch. Loans on mortgage .. .. • • Loss on realization .. .. .. .. 4,830 9 0 State Forest Service. Value of stores .. .. .. . Lost, deficient, broken, destroyed by 140 17 8 fire, or loss on realization Value of buildings .. .. • • Loss on demolition .. . . .. 50 0 0 Value of horse .. .. .. . • Destroyed . . .. .. .. 10 0 0 Value of seed .. .. .. .. Unserviceable .. .. .. 857 17 5 Timber royalties . . ■ • • • Special rebates owing to depressed state .. 3,254 2 9 of timber industry ; rebates for prompt payment; company in liquidation Timber trespass .. •• Debtor unfinancial .. .. .. .. 1,178110 Rent .. .. .. . • • • Rebate under special circumstances ; .. 428 18 7 debtor unfinancial; reduction under Court order Sale of timber .. . . .. .. Debtor deceased and estate unfinancial .. 52 16 6

B.—l [PT. ll].

STATEMENT OF SUMS IRRECOVERABLE BY THE CROWN, AND VALUE OF STORES, ETC.-continued.

XXVI

Department and Particulars. Reason for writing ofl. Value ol Stores. Cash. Treasury. £ s. d. £ s. d. Estimated fall in value of Cape Foulwind Value overstated in books .. .. .. 85,199 0 6 Railway Loans from General Purposes Relief Account — Frost relief .. .. .. .. Debtor unfinancial .. .. .. .. 0150 Flood relief .. .. .. .. Debtor unfinancial .. .. .. .. 129 10 0 Fire relief .. .. .. .. Loss on realization of securities .. .. 176 17 2 Lime supplies.. .. .. .. Debtor unfinancial .. .. .. .. 63 7 0 Deficiency, land-settlement associations .. Debentures matured, no assets .. .. 1,563 6 7 Hawke's Bay earthquake loans .. .. Company wound up .. .. .. .. 72 3 4 Sundry Treasury investments .. .. Company insolvent .. .. .. .. 516 16 10 Unemployment Board. Value of stores .. .. .. .. Stolen .. .. .. .. 1 10 6 Excess subsidy .. .. .. .. Debtor committed to prison .. .. .. 0 10 0 Underpayment of tax on wages .. .. Debtor untraceable .. .. .. .. 0 5 0 Vahiation. Value of stores .. .. . . .. Stolen .. .. .. .. 2 10 0 Certificates of valuation and services of Debtors in poor circumstances .. .. 17 10 0 Valuers, including Court costs 102,242 3 1 i304,186 7 9 I J £406,428 10s. lOd. ! =============.==

1

B.— 1 [PT. ll]

1— B. 1 [PT. ll].

SUMMARY of TRANSACTIONS and BALANCES for the FINANCIAL YEAR ended 31st March, 1934. CASH ACCOUNTS, ADVANCE ACCOUNTS, AND INVESTMENT ACCOUNTS.

PUBLIC ACCOUNTS, 1 933-1934.

Balances on 31st Maecb, 1933. Tbansactions, 1933-1934. Balances on 31st March, 1934. Dk. I Ck. ; DK. I Gk. Db. I Cr. CONSOLIDATED FUND£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. : £ e. d. ORDINARY REVENGE ACCOUNT .. .. .. .. .. ; .. 613,164 5 9 241,399,693 2 1 256,814,248 19 1 .. 16,027,720 2 9 ACCOUNTS OE LOCAL Bodies .. .. .. .. .. j .. 52,031 15 1 165,071 7 9 134,371 2 10 .. 21,331 10 2 DEPOSITS ACCOUNT .. .. .. .. .. .. .. 318,366 7 10 1,269,616 14 1 1,741,177 15 10 .. 789,927 9 7 PUBLIC WORKS FUND General Purposes Account .. .. .. .. .. .. 1,320,970 15 0 2,118,095 2 5 1,623,084 9 11 .. 825,960 2 6 Electric Supply ACCOUNT .. .. .. .. .. .. .. 133,429 11 6 1,186,052 8 11 , 1,468,882 7 9 .. 416,259 10 4 Electric Supply Sinking Fund Account .. .. .. .. .. 83,791 12 0 .. 24,079 14 1 .. 107 871 6 1 BANK OF NEW ZEALAND SHARES ACCOUNT .. .. .. .. 1,859,375 0 0 179,687 10 0 179,687 10 0 .. 1,859'375 0 0 DISCHARGED SOLDIERS SETTLEMENT ACCOUNT .. .. .. 260,369 0 10 3,146,735 11 7 3,314,335 4 4 .. 427,968 13 7 LAND FOR SETTLEMENTS ACCOUNT .. .. .. .. .. 57,805 1 1 702,766 6 10 717,530 17 9 .. 72,569 12 0 LOANS REDEMPTION ACCOUNT .. .. .. .. .. .. 303,657 10 10 1 8,817,042 3 10, 8,927,885 2 6 .. 414,500 9 6 LOANS REDEMPTION ACCOUNT PART II CONVERSION ACCOUNT.. .. 6,398 0 2 113,318,324 19 8 113,311,926 19 6 MAIN HIGHWAYS ACCOUNT REVENUE FUND .. .. .. .. 204,891 9 1 1 1,206,540 12 0 1,183,556 9 8 .. 181,907 6 9 MAIN HIGHWAYS ACCOUNT CONSTRUCTION FUND .. .. .. 57,786 11 6 229,268 19 2 239,989 10 10 .. 68 507 3 2 NATIVE LAND SETTLEMENT ACCOUNT .. .. .. 3,445 4 10 3,445 4 10 .. .. : PUBLIC DEBT REPAYMENT ACCOUNT .. .. .. .. .. 429,116 12 10 1,776,270 0 0 1,395,116 1 4 .. 47 96'? 14 2 REMITTANCES FROM LONDON ACCOUNT .. .. .. .. .. 559 13 1 559 13 1 .. REMITTANCES TO LONDON ACCOUNT RESERVE FUND ACCOUNT .. .. .. .. .. .. 478,549 8 1 93,858 14 11 22,001 17 4 .. 406,69"? 10 6 SILVER AND BRONZE COIN ACCOUNT .. .. .. 2,286 3 11 25,000 0 0 .. 22,713 16 1 STATE ADVANCES LOAN ACCOUNT .. .. .. .. .. 170 10 0 14 2 5 14 2 5 .. 170 10 0 STATE OOAL-MINES ACCOUNT .. .. .. .. .. .. 65,976 9 9 204,183 11 4 204,308 8 11 .. 66 101 7 4 STATE COAL-MINES SINKING FUND ACCOUNT .. .. .. .. 8,299 9 8 8,000 0 0 8,122 18 11 . 8 42'? 8 7 STATE FORESTS ACCOUNT .. .. .. .. .. .. 14,299 6 7 129,432 15 7 140,925 16 0 .. 2o'792 7 0 UNEMPLOYMENT FUND .. .. .. .. .. .. .. 424,426 5 5 4,285,432 18 8 4,482,524 4 11 .. 621 517 11 8 WORKING RAILWAYS ACCOUNT .. .. .. .. .. .. 1,265,299 13 3 5,838,467 17 4 6,304,728 5 7 .. 1,731,560 1 6 Totals .. .. .. .. .. .. j .. 7,961,620 1 1 386,080,846 0 5 402,264,057 12 7 .. 24,144,831 13 3

B.— 1 [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

£1,051 19s. 2d. was held therein. Reconciliation is as follows : —- £ s. d. Balance, 31st March, 1934, as per bank pass-book .. .. .. .. 1,051 19 2 Add amounts expended in London not included in Treasury books .. .. 7,165 16 0 8.217 15 2 Deduct amounts received in London not included in Treasury books, .. .. 33,447 18 4 Overdraft, 31st March, 1934, as per Treasury books .. .. .. .. £25,230 3 2

2

SUMMARY of TRANSACTIONS and BALANCES —continued. CASH ACCOUNTS, ADVANCE ACCOUNTS, AND INVESTMENT ACCOUNTS-continued.

Balances oh 31st March, 1933. Tbansactions, 1933-1934. Balances on 31st March, 1934. Dr. CR. DR. I Or. DR. Gr. PUBLIC ACCOUNT:— £ s - d - £ s - d - £ «• d - „ ®* d * d " £ S " d ' BANK of NEW ZEALAND IN THE Dominion .. .. .. •• 1,195,892 9 4 .. 57,310,848 9 11 ®3'ooI'too in A ' 2 9 .. BANK OF NEW ZEALAND IN LONDON .. .. •• 12,043 13 2 .. 68,193,524 14 0 68,230,798 10 4 .. -5,-30 66,0111010 .. ;; ,« 2 Foreign IMPREST ACCOUNT.. .. .. .. 69,386 7 8 .. 1,061,138 15 0 983,669 12 6 i 146,855 INVESTMENT ACCOUNTS Consolidated Fund, — _ ~ n ORDINARY REVENUE ACCOUNT .. .. .. -■ 276,387 6 10 .. 1,809,450 17 3 921,818 10 0 1,164,019 14 1 DEPOSITS Account 270,705 0 0 .. 208,505 0 0 301,055 0 0 178,155 0 0 Public Works Fund,— ,, . , „ . , .. _ 0 D ,. GENERAL Purposes ACCOUNT .. .. .. •• •• 1,288,087 8 6 .. 448,342 8 6 1,677,582 8 6 58,847 Electric Supply Account .. .. •• •• •• 4,000 0 0 .. „f'222 2 2 oo'Sn2 2 n oq too n n Electric Supply Sinking Fund Account.. .. .. 83,790 0 0 .. 83,790 0 0 83,790 0 0 ',„2 i2 2 Discharged Soldiers Settlement Account.. .. .. 148,087 10 7 .. 148,087 10 7 295,982 10 7 192 10 7 Land for Settlements Account 22,200 0 0 .. n]i> ;• A „ , A 22 > 200 0 0 Loans Redemption Account .. .. •• •• •• 212,105 0 0 .. 212,105 0 0 424,-10 0 Main Highways Account Revenue Fund .. .. .. .. • • • • • • ■ • • • STATE Coal-mines Account .. .. -. •• •• 54,300 0 0 .. 6-,800 0 0 54,300 0 0 62,800 State Forests Account .. .. .. •• • • • • • • •• , •• _ „ I „ Unemployment FUND 100,000 0 0 .. 100,000 0 0 200,000 0 0 .. Working Railways Account .. .. •• •• 806,708 7 8 .. 861,556 19 2 l,o42,155 6 0 126,110 0 10 Bank of New Zealand Shares Account .. .. .. .. 1,859,375 0 0 .. .. •• 1.859,375 0 0 Public Account Cash Balance Investment Account .. .. 1,043,000 0 0 .. 54,333,100 0 0 35,997,100 0 0 19,379,000 0 0 Reserve Fund Account .. .. 449,540 6 6 „ 50,000 0 0 399,540 6 6 .. Totals .. .. ■■ ■■ ■ •• 7,961,620 11 .. j20S,230,655 11 10 192,047,443 19 8 24,170,06116 5 25,230 3 2 * Note.—The New Zealand Public Account in London was not actually overdrawn as indicated, but a balance of

3

B.— 1 [Pt. ll],

SUMMARY of TRANSACTIONS and BALANCES —continued. SUMMARY OF BALANCES OF CASH ACCOUNTS, ADVANCE ACCOUNTS, AND INVESTMENT ACCOUNTS ON 31st MARCH, 1934.

PUBLIC ACCOUNTS, 1933-1934.

t—i - .. : : ' 1 — ' ■ —: j- ; :—: : , — * i i Dr. £ s. ci. Cr. £ s. d. Public Account, Wellington .. .. .. .. .. 529,070 2 9 New Zealand Public Account, London .. .. .. .. 25,230 3 2* Consolidated Fund : — Consolidated Fund .. .. .. .. .. .. .. 16,838,979 2 6 Ordinary Revenue Account Investment Account .. .. 1,164,019 14 1 Public Works Fund .. .. .. .. .. 1,350,090 18 11 Deposits Account Investment Account .. .. .. 178,155 0 0 Discharged Soldiers Settlement Account .. .. .. .. 427,968 13 7 Public Works Fund:— Land for Settlements Account .. .. .. .. .. 72,569 12 0 General Purposes Account Investment Account .. .. 58,847 8 6 Loans Redemption Account .. .. .. .. .. 414,500 9 6 Electric Sltpply Account Investment Account .. .. .. .. Loans Redemption Account Part II Conversion Account Electric Supply Sinking Fund Account Investment Account .. 83,790 0 0 Main Highways Account Revenue Fund .. .. .. .. 181,907 6 9 Discharged Soldiers Settlement Account Investment Account .. 192 10 7 Main Highways Account Construction Fund .. .. .. 68,507 3 2 Land for Settlements Account Investment Account .. .. 22,200 0 0 i Native Land Settlement Account Loans Redemption Account Investment Account .. .. .. .. Public Debt Repayment Account .. .. .. .. .. 47,962 14 2 State Coal-mines Account Investment Account .. .. .. 62,800 0 0 Silver and Bronze Coin Account .. .. .. .. .. 22,713 16 1 Unemployment Fund Investment Account .. .. .. .. .. State Advances Loan Account .. .. .. .. .. 170 10 0 Working Railways Account Investment Account .. .. .. 126,110 0 10 State Coal-mines Account .. .. .. .. .. .. 66,101 7 4 Reserve Fund Account Investment Account .. .. .. 399,540 6 6 State Coal-mines Sinking Fund Account .. .. .. 8,422 8 7 Bank of New Zealand Shares Account Investment Account .. 1,859,375 0 0 State Forests Account .. .. .. .. .. .. 25,792 7 0 Public Account Cash Balance Investment Account .. .. .. 19,379,000 0 0 Unemployment Fund .. .. .. .. .. .. 621,517 11 8 Dominion and Foreign Advances .. .. .. .. .. 306,961 13 2 Working Railways Account .. .. .. .. .. 1,731,560 1 6 Reserve Fund Account .. .. .. .. .. .. 406,692 10 6 Bank of New Zealand Shares Account .. .. .. .. 1,859,375 0 0 Total .. .. .. .. .. .. £24,170,061 16 5 | TOTAL .. .. .. .. .. .. £24,170,061 16 5 * See note on page 2.

B.— 1 [Pt. ll].

PUBLIC ACCOUNTS, 1 9 3 3 - 1 9 3 4

INTEREST, CONVERSION, AND REDEMPTION REMITTANCE ACCOUNTS.

4

! Balances as at 31st March, 1933. Transactions, 1933-1984. Balances as at 3lst March, 1934. . - - -j ~ I j Debit. j Credit. Debit. Credit. Debit. | Credit. | : : : * - -- , | ' I" " | Interest Remittance Account— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Bank of England .. .. .. .. .. 5,735,235 18 8 5,723,334 7 3 5,875,915 5 2 .. 5,887,816 16 7 High Commissioner .. .. .. .. .. .. 1,625 8 4 56,783 11 0 55,502 5 10 - 344 3 2 I Conversion Remittance Account— Bank of England .. .. .. .. .. .. 400 .. .. .. 400 High Commissioner .. .. .. .. .. .. .. 21 17 3 28 2 0 .. 6 4 9 Redemption Remittance Account— Bank of England .. .. .. .. .. . 16,453 19 11 732 3 0 5,000,000 0 0 .. 5,015,721 16 11 ■» j , i High Commissioner .. .. .. .. .. .. .. j 505,600 0 0 505,600 0 0 Suspense Remittance Account . . .. 5,753,319 6 11 .. 11,437,045 13 0 6,286,471 18 6 10,903,893 1 5 f . '' ; j ■ ; In ■ , Totals .. .. .. .. 5,753,319 6 11 5,753,319 6 11 17,723,517 11 6 17,723,517 11 6 10,903,893 1 5 10,903,893 1 5 j •I ■ I ! I • !

B.—l [Ft. ll].

PUBLIC ACCOUNTS, 1933-1934. STATEMENT of the REVENUE of the CONSOLIDATED FUND (ORDINARY REVENUE ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1934.

5

Receipts. Refunds. Net Revenue. TAXATION £ s. d. £ s. d. £ s. d. Customs .. .. .. .. .. .. 6,491,888 17 6 6,875 9 8 6,485,013 7 10 Beer Duty .. .. .. .. .. 655,732 0 2 267 14 11 655,464 5 3 Sales TAX .. .. .. .. .. 1,848,190 4 11 856 18 1 1,847,333 6 10 FILM-hire Tax .. .. .. .. .. 32,959 11 9 .. 32,959 11 9 GOLD-EXPORT DUTY .. .. .. .. 117,101 7 9 11 11 2 117,089 16 7 Highways,— Tire-tax .. .. .. .. .. 64,633 0 2 831 16 0 63,801 4 2 Fees and Pines (Section 24, Motor-vehicles Act, 1924).. 346,489 12 5 240 3 3 346,249 9 2 Petrol-tax .. .. .. .. .. 1,440,863 0 10 148,983 19 5* 1,291,879 1 5 Mileage-tax and Penalties (Finance Act, 1932-33 (No. 2), Section 19) — Electrically-propelled Motor-vehicles .. .. 690 3 4 7 0 0 683 3 4 Other Motor-vehicles .. .. .. .. 957 15 1 43 10 7 914 4 6 1,853,633 11 10 150,106 9 3 1,703,527 2 7f Stamp and Death Duties, —- Adhesive Stamps.. .. .. .. .. 356,934 14 1 276,353 7 3 80,581 6 10 Duty on Instruments .. .. .. .. 201,081 10 6 1,442 10 10 199,638 19 8 Estate Duty .. .. .. .. .. 1,091.147 10 5 26,786 13 5 1.064,360 17 0 Succession Duty .. .. .. .. .. 272,261 9 0 9,114 16 9 263,146 )2 3 Gift Duty .. .. .. .. .. 64,364 18 10 1,332 14 6 63,032 4 4 Fines and Penalties .. .. .. .2,277 14 5 54 9 11 2,223 4 6 Impressed Stamps .. .. .. .. 173,974 8 1 663 13 2 173,310 14 11 Stamp Duty on Interest .. .. .. .. 176,659 16 2 97,686 3 9 78,973 12 5 Licenses to Companies .. .. .. .. 85,519 2 6 535 8 3 84,983 14 3 Sharebrokers'Licenses .. .. .. .. 2,194 0 6 16 0 0 2,178 0 6 Bank Composition .. .. .. .. 279,244 6 6 .. 279,244 6 6 Totalizator Revenue .. .. .. .. 341,354 7 8 614 6 6 340,740 1 2 Amusements-tax .. .. .. 48,775 0 5 60 0 9 48,714 19 8 Lottery Duty .. .. .. .. .. 15,245 3 3 .. 15,245 3 3 Overseas Passenger Duty .. - .. .. .. 15,351 5 1 3 2 0 15,348 3 1 Miscellaneous .. .. .. .. .. 62 13 0 4 4 0 58 9 0 Receipts under Section 4, Mortgagees' Indemnity (Workers'Charges) Act, 1927 .. .. .. 1,074 17 0 0 5 0 1,074 12 0 3,127,522 17 5 414,667 16 1 2,712,855 1 4 LAND-TAX .. .. .. .. .. 503,103 15 10 4,125 18 8 498,977 17 2 INCOME-tax .. .. ... .. .. 3,004,744 9 10 43,501 4 6 2,961,243 5 4 Miscellaneous, — Interest-tax (Finance Act, 1932-33, Section 5) .. 4,046 18 7 0 12 4 4,046 6 3 Interest-tax (Finance Act, 1932-33, Section 6) .. 40,953 14 2 .. 40,953 14 2 Residue, Mileage-tax and Penalties under Section 19, Finance Act, 1932-33 (No. 2) .. .. .. 365 13 10 .. 365 13 10 45,366 6 7 0 12 4 45,365 14 3 TOTAL, Taxation .. .. .. 17,680,243 3 7 620,413 14 8 17,059,829 8 11 Carried forward .. .. .. 17,680,243 3 7 620,413" 14 8 17,059,829 8 11 £ s. d. * Refunds by Customs Department of Revenue incorrectly received or credited .. 2,195 110 Rebates by Post Office in respect of motor-spirits used otherwise than as fuel for motor-vehicles, in terms of Section 8 of the Motor-spirits Taxation Act, 1927 146,788 17 7 £148,983 19 5 t £346,249 9s. 2d. of this amount consists of fees, fines, &c., which are not taxation.

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934. STATEMENT of the REVENUE of the CONSOLIDATED FUND (ORDINARY REVENUE ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1934—continued.

6

I I ' Receipts. Refunds. i Net Revenue. £ s. d. £ s. d. i £ s. d. Brought forward .. .. .. 17,680,243 3 7 620,413 14 8 117,059,829 8 11 INTEREST: — On Capital Liability, Working Railways (interest at £4 5s. per cent, on capital expenditure from Public Works Fund, reduced by £10,400,000 in terms of the Government Railways Amendment Act, 1931, Section 23, and at £4 ]3s. 4d. per cent, on capital expenditure from the Railways Improvement Authorization Act 1914 Account, as provided by Orders in Council under the Government Railways Act, 1926) — £ s. d. Year 1933-34 .. .. ..2,282,365 4 2 Less reduction made in terms of the Finance Act, 1930 (No. 2), Section 14 .. ..1,196,806 7 10 1,085,558 16 4 On account .. .. .. 1,085,000 0 0 .. 1,085,000 0 0 On Capital Liability, Postal and Telegraph (interest as determined under Section 95 of the Post and Telegraph Act, 1928, at £4 6s. per cent, on the amount of the capital liability as at 1st April, 1933, together with interest at the rate of £2 3s. per cent, on the net amount applied for the purposes of the Department out of the Public Works Fund during the year)— £ s. d. Year 1933-34 (balance) .. 550,480 16 2 Year 1934 35 (in advance) .. 2,519 3 10 553,000 0 0 .. 553,000 0 0 On the Public Debt Redemption Fund (details on separate statement) .. .. .. .. 629,496 1 7 .. 629,496 1 7 On other Public Moneys (details on separate statement) 597,326 8 9 966 13 0 596,359 15 9 Total, Interest .. .. .. 2,864,822 10 4 966 13 0 2,863,855 17 4 OTHER RECEIPTS Registration and other Fees, — Air Navigation Act, 1931 .. .. .. .. 383 1 3 5 1 0 378 0 3 Animals Protection and Game Act, 1921-22 .. .. 19 14 9 .. 19 14 9 Animals Protection and Game Act, 1921-22 (Part III) 6,224 17 3 1 10 0 6,223 7 3 Apprentices Act, 1923 .. .. .. .. 896 .. 896 Arms Act, 1920 .. .. .. .. .. 3,098 17 6 0 2 6 3,098 15 0 Births, Deaths, and Marriages .. .. .. 18,524 5 6 5 15 5 18,518 10 1 British Nationality and Status of Aliens (in New Zealand) Act, 1928 .. .. .. .. 363 10 0 13 15 0 349 15 0 By-laws Act, 1910 .. .. .. .. 990 .. 990 Cemeteries Act, 1908 .. .. .. .. 21 0 6 5 5 0 15 15 6 Cinematograph Films Act, 1928 .. .. .. 2,524 9 10 9 5 0 2,515 4 10 Coal-mines Act, 1925 .. .. .. .. 164 4 0 1 9 0 162 15 0 Crown Grant Fees .. .. .. .. 300 100 200 Customs Act, 1913 .. .. .. .. 11,988 7 4 151 17 9 11,836 9 7 Dairy Industry Act, 1908 .. .. .. .. 2,569 12 6 7 0 0 2,562 12 6 Dentists Act, 1908 .. .. .. .. 950 .. 950 Distillation Act, 1908 .. .. .. .. 226 0 0 .. 226 0 0 . Education Act, 1914 .. .. .. .. 3 19 6 .. 3 19 6 Electrical Wiremen's Registration Act, 1925 .. 550 5 10 1 5 0 549 0 10 Engineers Registration Act, 1924 .. .. .. 36 6 0 .. 36 6 0 Explosive and Dangerous Goods Act, 1908 .. .. 5,423 3 0 39 7 6 5,383 15 6 Factories Act, 1921-22 .. .. .. .. 3,043 5 0 1 7 0 3,041 18 0 Fertilizers Act, 1927 .. .. .. .. 507 16 0 3 0 0 504 16 0 Finance Act, 1915 (Part III), (Beer Duty) .. .. 1,026 13 5 71 13 4 955 0 1 Fisheries Act, 1908 .. .. .. .. 480 17 7 .. 480 17 7 Friendly Societies Act, 1909 .. .. .. 1 15 6 .. 1 15 6 Health Act, 1920.. .. .. .. .. 24 0 0 .. 24 0 0 Hospitals and Charitable Institutions Act, 1926 .. 555 1 8 .. 555 1 8 Industrial Conciliation and Arbitration Act, 1925 .. 156 14 6 .. 156 14 6 Carried forward .. .. .. 57,948 1 11 318 13 6 57,629 8 5 Carried forward .. .. .. 20,545,065 13 11 621,380 7 8 19,923,685 6 3

B.—l [PT. ll]

PUBLIC ACCOUNTS, 1933-1934. STATEMENT of the REVENUE of the CONSOLIDATED FUND (ORDINARY REVENUE ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1934—continued.

7

Receipts. Refunds. Net Revenue. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 20,545,065 13 11 621,380 7 8 19,923,685 6 3 OTHER RECEIPTS —continued. Brought forward .. .. .. 57,948 1 11 318 13 6 57,629 8 5 Registration and other Fees —continued. Inspection of Machinery Act, 1928 .. .. .. 20,073 9 2 157 10 9 19,915 18 5 Land Agents Act, 1921-22 .. .. .. 6,589 10 0 66] 4 0 5,928 6 0 Licensing Act, 1908 .. .. .. .. 50 0 0 .. 50 0 0 Life Insurance Act, 1908 .. .. .. •. 0 15 0 .. 0 15 0 Margarine Act, 1908 .. .. .. .. 5 0 0 .. 5 0 0 Masseurs Registration Act, 1920 .. .. .. 195 1 0 5 5 0 189 16 0 Medical Practitioners Act, 1914 .. .. .. 535 4 3 13 13 0 521 11 3 Mining Act, 1926.. .. .. .. .. 2,246 12 9 2 14 3 2,243 18 6 Native Land Act, 1931 .. .. .. .. 886 .. 886 Native Land Amendment and Native Land Claims Adjustment Act, 1926, Section 14 (Taupo Waters) — Fees, Licenses, and Camp-sites .. .. .. 2,177 14 6 10 11 6 2,167 3 0 Fines and Penalties .. .. .. .. 15 6 0 .. 15 6 0 New Zealand Loans Act, 1932 .. .. .. 2,054 4 0 3 10 0 2,050 14 0 Nurses and Midwives Registration Act, 1925.. .. 6,529 17 2 19 12 0 6,510 5 2 Opticians Act, 1928 .. .. .. .. 274 12 7 2 12 0 272 0 7 Orchard and Garden Diseases Act, 1928 .. .. 1,176 16 0 3 2 1 1,173 13 11 Patents, Designs, and Trade-marks Act, 1921—22 .. 11,683 13 10 37 7 6 11,646 6 4 Plumbers Registration Act, 1912 .. .. .. 233 2 7 I 10 0 231 12 7 Sales Tax Act, 1932-33 .. .. .. .. 4,049 0 0 27 0 0 4,022 0 0 Servants' Registry Offices Act, 1908 .. .. 19 10 0 .. 19 10 0 Slaughtering and Inspection Act, 1908 .. •• 41,819 15 4 1 10 6 41,818 4 10 Stock Act, 1908 756 12 0 2 15 0 753 17 0 Stone-quarries Act, 1910 .. .. .. .. 77 0 0 .. 77 0 0 Timber Export Act, 1908 .. .. .. .. 159 2 5 .. 159 2 5 Timber-floating Act, 1908.. .. .. .. 1110 .. 1110 Tobacco Act, 1908 .. .. .. .. 550 0 0 .. 550 0 0 Tramways Act, 1908 .. .. .. .. 12 0 0 .. 12 0 0 Transport Licensing Act, 1931 .. .. .. 18,507 9 4 347 19 6 18,159 9 10 Valuation of Land Act, 1925 .. .. .. 34,134 1 2 765 0 6 33,369 0 8 Weights and Measures Act, 1925 .. .. .. 8,738 17 1 2 2 6 8,736 14 7 220,631 17 7 2,383 13 7 218,248 4 0 National Endowment Revenue, — Amounts transferred from State Forests Account in terms of Section 39 (2) of the Forests Act, 1921-22 3,892 19 4 .. 3,892 19 4 Rents, Royalties, &c. .. .. .. .. 127,822 4 6 1,359 9 0 1 Refunds arising out of operation of Section 6, De- J-126,421 16 10 teriorated Lands Act, 1925 .. .. .. • • 40 18 8 J Interest on Sales .. .. .. .. 2,110 17 7 199 4 0 1,911 13 7 Interest under Section 13, Land Laws Amendment Act, 1930 .. .. .. .. .. 2,022 15 9 .. 2,022 15 9 135,848 17 2 1,599 11 8 134,249 5 6 Territorial Revenue, — Rents, Royalties, and Miscellaneous Receipts from lands — Agriculture Department .. .. .. 43 9 5 8 3 11 35 5 6 Customs Department .. .. .. .. 10 0 .. 10 0 Defence Department .. .. .. .. 1,545 17 10 10 15 2 1,535 2 8 Education Department .. .. .. .. 107 5 10 .. 107 5 10 Health Department .. .. .. .. 846 .. 846 Internal Affairs Department .. .. .. 52 0 0 .. 52 0 0 Justice Department .. .. .. .. 1 3 10 .. 1 3 10 Lands and Survey Department— Crown lands .. .. .. •• 229,706 4 4 3,170 14 7 Refunds arising out of the operation of Section 6 [>226,444 8 4 of the Deteriorated Lands Act, 1925 .. .. .. 91 1 5 J Hauraki Plains lands .. .. .. .. 8,705 9 5 21 7 11 8,684 1 6 Swamp Drainage lands .. .. .. 320 0 1 .. 320 0 1 Small Farms Scheme .. .. .. .. 109 11 3 .. 109 11 3 Marine Department .. .. .. .. 103 3 0 . . 103 3 0 Mines Department .. .. .. .. 6,703 1 7 3 13 6 6,699 8 1 Native Department .. .. .. .. 500 .. 500 Police Department .. .. .. .. 98 0 1 .. 98 0 1 Prisons Department .. .. .. .. 457 10 0 .. 457 10 0 Public Works Department .. .. .. 501 3 2 .. 501 3 2 248,468 4 4 3,305 16 6 245,162 7 10 Carried forward .. .. .. 604,948 19 1 7,289 1 9 597,659 17 4 Carried forward .. .. .. 20,545,065 13 11 621,380 7 8 19,923,685 6 3

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

STATEMENT of the REVENUE of the CONSOLIDATED FUND (ORDINARY REVENUE ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1934 —continued.

8

Receipts. Refunds. Net Revenue. £ s. d. £ s. d. f s. d, Brought forward .. .. .. 20,545,065 13 11 621,380 7 8 19,923,685 6 3 OTHER RECEIPTS—continued. Brought forward .. .. .. 604,948 19 1 7,289 1 9 597,659 17 4 ___l External Affairs, — New Zealand Reparation Estates .. .. .. 33,653 15 7 518 17 10 33,134 17 9 Export of bananas from Samoa .. .. .. 43,244 9 0 0 3 6 43,244 5 6 76,898 4 7 519 1 4 76,379 3 3 Justice, — Court fses, fines, and bankruptcy commission .. 144,446 17 1 6,275 15 10 138,171 1 3 Marine, — Pilotage Rates and Harbour Fees .. .. .. 1,569 13 7 .. 1,569 13 7 Shipping and Seamen Act, 1908 .. .. .. 94,074 8 6 45 2 3 94'029 6 3 Rents of Foreshores, Royalties, &e... .. .. 2,190 14 6 102 0 0 2,088 14 6 Sale of Oysters under Fisheries Act, 1908 .. .. 5,336 19 3 .. 5,336 19 3 Rents from Toheroa Areas.. .. .. .. 291 18 5 .. 291 18 5 Westport Harbour .. .. .. .. 28,794 11 10 1 4 8 28,793 7 2 Whaling Industry License Fees .. .. .. 1,000 0 0 .. 1,000 0 0 133,258 6 1 148 6 11 133,109 19 2 Native, — Fees collected in stamps under the provisions of the Native Land Act, 1931 .. .. .. : 3,875 9 2 .. 3,875 9 2 Post and Telegraph Department's Promts, — Profits other than Post Office Savings-bank profits received from the Post Office Account in terms of Section 95 (!) (d) of the Post and Telegraph Act, 1928 — £ s. d. Year 1932-33 (balance) .. .. 21,617 8 11 Year 1933-34 (on account) .. 132,770 9 10 154,387 18 9 .. 154,387 18 9 Printing and Stationery,— General receipts .. .. .. .. .. 165,824 6 9 4,898 19 4 160,925 7 5 Stamp Duties,— Land Registry and Deeds Register Office fees .. 39,198 5 7 0 9 9 39,197 15 10 Tourist and Health Resorts,— Receipts in respect of Reserves under the Tourist and Health Resorts Control Act, 1908 .. .. 66,469 11 2 769 10 10 65,700 0 4 From Reserves, — Finance Act, 1931 (No. 4) — Section 7 —Amount transferred from capital money standing to the credit of Discharged Soldiers Settlement Account .. .. .. .. 2,000,000 0 0 .. 2,000,000 0 0 Miscellaneous (details on separate statement) .. j 196,285 1 4 236 18 8 196,048 2 8 . _ . Recoveries on account of Expenditure of Previous Years (details on separate statement) .. .. j 3,627 12 11 23 8 6 3,604 4 5 j Recoveries on account of Unauthorized Expenditure of Previous Years .. .. .. .. 4 6 11 .. 4 6 11 TOTAL, OTHER Receipts .. .. 3,589,224 19 5! 20,161 12 11 3,569,063 6 6 Total Revenue .. .. .. 24,134,290 13 4 641,542 0 7 23,492,748 12 9 •" ■

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1 934 STATEMENT of INTEREST on the PUBLIC DEBT REDEMPTION FUND for the FINANCIAL YEAR ended 31st March, 1934. Repayment ot the Public Debt Act, 1925, Section 12 (a): —■ £ s. d. Interest earned by the capital moneys of the Public Debt Redemption Fund held by— Public Trustee .. .. .. .. .. .. •• •• 289,344 4 4 State Advances Office .. .. .. .. .. .. .. •• 140,151 1-7 3 Interest at 4 per cent, on £10,850,000 (balance of £13,500,000) transferred from Consolidated Fund to Discharged Soldiers Settlement Account — On account of £284,000 balance due for the period Ist March, 1931, to Ist March, 1932 .. 200,000 0 0 £629,496 1 7

DETAIL STATEMENT of INTEREST on OTHER PUBLIC MONEYS for the FINANCIAL YEAR ended 31st March, 1934.

9

Interest on Other Public Moneys : — £ s. d. £ s. d. £ s. d. On credit balances of— Foreign Imprest Account, London .. .. .. .. 118710 New Zealand Public Account, London .. .. .. 1,178 14 7 Public Debt Charges Account, London .. .. .. 8 10 5 Public Account, Wellington .. .. .. .. 4,367 5 2 Receiver-General's Deposit Account .. .. .. 270 8 7 5,943 6 7 On investments made in respect of the— Deposits Account .. .. .. .. . • 1,046 12 11 Loans Redemption Account .. .. ■ .. .. 98 9 11 Loans Redemption Account (Main Highways moneys) .. 9,843 7 7 New Zealand Government Indemnity Exchange Account .. 6,764 13 0 Ordinary Revenue Account .. .. ■ ■ ■ • 32,046 4 2 Bank of New Zealand Shares Account: Dividends transferred to Ordinary Revenue Account in terms of section 8 (3), Finance Act, 1926 — Dividend on £500,000 preference A shares .. 50,000 0 0 Final dividend on £1,375,000 preference B shares for year ended 31st March, 1933 .. .. .. 84,375 0 0 Interim dividend on £1,375,000 preference B shares for year ended 31st March, 1934 .. .. 31,250 0 0 Half - yearly dividend on £234,375 C long - term mortgage shares to 31st March, 1933 .. .. 7,031 5 0 Half - yearly dividend on £234,375 C long - term mortgage shares to 30th September, 1933 .. 7,031 5 0 179,687 10 0 Public Works Fund, General Purposes Account .. .. 9,890 5 3 Receiver-General's Deposit Account .. .. .. 3,019 5 9 Reserve Fund Account .. .. .. .. .. 15,767 1 5 Public Account Cash Balance Investment Account, being amounts allocated in respect of the balances of the — Deposits Account .. .. .. .. 1,038 10 10 Loans Redemption Account .. .. .. 6,036 19 9 Local Bodies'Account .. .. .. .. 103 8 11 Native Land Settlement Account .. .. 40 8 11 Ordinary Revenue Account .. .. .. 24,290 13 6 Public Works Fund, General Purposes Account .. 7,520 5 9 Reserve Fund Account .. .. .. .. 300 2 8 Suspense Account .. .. .. .. 6,498 5 2 45,828 15 6 303,992 5 6 On temporary transfers to other accounts, under section 40, Public Revenues Act, 1926, in respect of — Public Works Fund, General Purposes Account . . .. .. 162 6 5 On £1,226,000 appropriated out of Public Works Fund and paid to Main Highways Account Construction Fund, in terms of paragraph (6), section 16, Main Highways Act, 1922 — Finance Act, 1930, section 36 .. .. .. .. .. 61,300 0 0 On £462,701, net profits of the Cheviot Estate Account, in terms of section 19 (4) of the Finance Act, 1930 (No. 2) .. .. 18,508 0 10 On amount due from the Public Works Fund—General Purposes Account, in terms of section 12 (2), Native Land Amendment Act, 1932, on account of Native Land Development (on account) .. .. .. .. .. 28,750 0 0 Carried forward .. .. .. .. .. 418,655 19 4

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1933-1934.

DETAIL STATEMENT of INTEREST on OTHER PUBLIC MONEYS for the FINANCIAL YEAR ended 31st March, 1934 —continued.

10

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. .. .. 418,655 19 4 Interest on Other Public Moneys—continued. On advances from the Public Works Fund—General Purposes Account, to the Native Trustee — On £91,600 .. .. .. .. .. .. 12 11 0 On £6,935 12s. 3d. .. .. .. .. .. 72 2 3 84 13 3 On capital moneys received from sale of Crown lands and paid into the Land for Settlements Account (section 13, Land Laws Amendment Act, 1926) — Interest for year 1932-33 (balance) .. .. .. 14,120 9 10 Interest for year 1933-34 (on account) .. .. .. 60,000 0 0 74,120 9 10 On value of Crown lands declared to be subject to the Land for Settlements Act, 1925, and former Land for Settlements ActsLand Laws Amendment Act, 1929 (section 47) — Year 1933-34 .. .. .. .. .. .. .. 8,477 12 0 On loans to earthquake sufferers in terms of section 49, Hawke's Bay Earthquake Act, 1931 .. .. .. .. 5,769 14 6 On loans to local bodies under Local Bodies' Loans Act, 1908 .. .. .. .. .. .. .. .. 67,653 9 4 On loans to Samoan Treasury in terms of section 33, Samoa Act, 1921 .. .. .. .. .. .. 5,054 1 2 On miscellaneous advances— For erection of hostels— Auckland Grammar School .. .. .. 80 0 0 Dannevirke High School .. .. .. 15 0 0 New Plymouth High School .. .. .. 303 12 4 Timaru High School .. .. .. .. 320 17 0 Wairarapa High School .. .. .. 49 8 9 Whangarei High School .. .. .. I 32 16 3 ■ j 801 14 4 For Native Land Settlement Account—Survey liens .. .. 519 0 4 For payment of exchange—Southland Electric-power Board .. .. .. .. .. .. 175 3 6 For purchase of fodder for starving stock, Manawatu .. .. 11 8 9 From Vote "Agriculture," to various agricultural associations .. .. .. .. .. .. 118184 To discharged soldiers under Repatriation Act, 1918 .. .. 896 8 4 To Eastbourne Borough Council for drainage works .. .. 117 19 1 To Gore Borough Council (protective works) .. .. 29 14 2 To Land Settlement Associations, in terms of section 13 (5), Land Settlement Finance Act, 1909 — Auchmore .. .. .. .. .. 202 16 3 Blairgowrie .. .. .. .. .. 8113 Chastleton .. . . .. .. . . 96 0 0 Clifton Grove .. .. .. .. .. 94 15 10 Glencairn .. .. .. . . . . 457 2 1 Glengariff . . .. . . .. . . 102 16 11 Gleniffer . . . . .. . . .. 46 9 10 Matamau .. . . .. .. .. 36 1 5 Melville Downs .. .. .. .. 103 0 0 Moana Vale .. .. .. .. .. 341 Moorfield . . . . .. .. . . 149 13 2 Nikau Grange .. .. . . .. .. 405 3 8 Owersby .. . . .. . . .. 87 14 6 Quiltowen . . . . .. . . .. 94 19 7 Waipa . . .. .. .. .. 101 1 2 Waitangi .. .. .. .. .. 277 Waitohi Downs .. .. .. ... 97 10 0 Walton .. .. .. .. .. 45 7 7 Wentnor .. .. .. .. .. 97 13 8 Woodside .. .. .. .. .. 34 11 0 — 2,266 19 7 To Maniototo Hospital Board .. .. .. .. 4 15 11 To Maori Land Boards, under section 274, Native Land Act, 1909 .. .. .. .. .. .. 380 4 2 To Otanomomo River Board, on account of stop-bank .. 109 1 3 To Rotorua Golf Club .. .. . . .. .. 163 15 10 To Thames Borough Council, on account of pumpingplant .. .. .. . . .. .. 57 18 0 To Southland Electric-power Board, in terms of section 34, Finance Act, 1928 .. .. .. .. 670 16 11 Under the Native Land Act, 1931 —— Section 521 (2) .. .. .. .. 2,078 7 10 Section 522 (7) .. .. .. .. 318 7 6 — — 2,396 15 4 Under the Small-farm Plan .. .. .. .. 1,640 14 8 Under the Village-homestead Scheme .. .. .. 161 17 7 Under section 383 (5), Mining Act, 1926, credited under Finance Act, 1932, section 12 (2) .. .. .. 244 0 0 10,767 6 1 Carried forward .. .. .. .. .. 590,583 5 6

B.— 1 [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DETAIL STATEMENT of INTEREST on OTHER PUBLIC MONEYS for the FINANCIAL YEAR ended 31st March, 1934 —continued.

DETAIL STATEMENT of OTHER RECEIPTS, MISCELLANEOUS, for the FINANCIAL YEAR ended 31st March, 1934.

11

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. • • • • 5 6 Interest on Otheb Public Moneys—continued. Miscellaneous interest on— Balance of Post-office Savings-bank Accounts used by Child Welfare Branch, Education Department— Auckland .. .. .. •• •• 173 Hamilton .. .. .. •• •• 028 Napier .. .. .. •• •• 018 Wellington .. .. .. •• •• 0 17 9 294 Compensation for improvements, credited under Finance Act, 1932, section 50 .. • • • • 32 10 0 Debentures under the Hutt Road Act, 1915 .. .. •• 2,355 0 0 Debentures and shares held as security for payment of tax .. •• •• •• •• • • Mortgage due to Reparation Estates .. .. • • 487 10 6 Outstanding debts due to the Department of Agriculture .. 09 Payment for car overhaul .. . • . • • • 0 3 2 Purchase-moneys in connection with sales of land — Galloway Experimental Farm .. .. .. 40 10 0 Old road at Ongarue .. . • ■ ■ • • 15 2 Post-office sites .. • • • • • • Dr. 15 17 7 Prison-site .. •• •• •• 410 School-sites .. .. .. • • • • 63 17 9 Taieri Plains .. .. . ■ •• •• 104 6 8 Tokanui 5 ° ° 203 3 0 Purchase price— Mako Mako Sawmill .. ■. • • • • 45 0 0 Police-stations .. .. • • • • 9 10 0 Sale of plant .. .. . ■ •• •• 58 7 8 112 17 8 Surplus exchange held on behalf of New Zealand Government, .. .. . ■ • • • • 7 10 ment " 4,159 7 0 Crown's proportion of Greymouth Harbour Board special coal rate : Credited as interest on sums of £114,439 Is. and £27,200 in terms of section 12 of the Greymouth Harbour Board Act, 1884 .. .. •• ' £596,359 15 9

£ s. d. £ s. d. £ s. d. Legislative Depabtment— Royalty on publications sold .. .. • • • • 38 1 8 Tbeasuby Depabtment : — Conscience-money .. .. .. • • • • 42 3 2 Exchange, commission, discount, &c. .. .. • • 0 16 (3 Unclaimed moneys, —• Under Public Revenues Act, 1926, section 30 — Courts of Law Trust .. .. • • • • 227 3 6 Gaolers' deposits .. .. • • • • 18 7 Goldfields deposits .. .. ■ • • • 5 3 9 Land Revenue deposits .. .. . • ■ • 65 13 1 Labour deposits .. • • • ■ • • 30 1 6 Marine deposits .. . • • • • • 1 ® Patents deposits .. .. •• •• 1578 Probation Officer's deposits .. .. • • 3 13 11 Receiver-General's deposits .. .. • ■ 34 19 6 Tourist deposits .. .. • ■ • • 6 18 9 Miscellaneous deposits .. .. ■ • ■ • 21 5 0 Under Public Revenues Act, 1926, section 95 — Shipping and Seamen Act, 1908 .. .. • • 53 7 4 General estates .. •• •• 3,608 6 11 Bankruptcy Act, 1908 .. .. .. •• 1,097 10 1 Rating Act, 1925 .. .. 81 16 8 Unclaimed land balances .. .. ■ • 415 8 1 Under Unclaimed Moneys Act, 1908, section 6, and Finance Act, 1932, section 30 .. .. •• 6,128 11 5 Transfers from Deposits Account— Miscellaneous deposits .. .. .. • • 47 17 9 Unclaimed earnings .. .. • • • • 642 13 8 Unpresented cheques .. .. • • • • 146 8 1 Carried forward .. .. .. 12,678 10 5 38 1 8

B.—l [PT. ll].

PUBLIC ACCOUNTS, 19 3 3-193 4.

DETAIL STATEMENT of OTHER RECEIPTS, MISCELLANEOUS, for the FINANCIAL YEAR ended 31st March, 1934 —continued.

12

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. 12,678 10 5 38 1 8 Treasury Department—continue-!. Unclaimed moneys—continued. Dividends unclaimed for over 10 years— 4-per-cent. 1929 stock .. .. .. .. 207 11 5 3£-per-cent. 1910 stock .. .. ., .. 25 15 9 4-per-cent. 1943-63 stock .. .. .. 45 5 8 3-per-cent. 1945 stock .. ... .. .. 8 4 3 Bank of England fractions of interest .. .. 164 5 11 Excess cash at Government offices .. .. .. 3 7 11 Money found by or handed to police officers, not claimed 13 0 5 Money found in prison .. .. .. .. 2 2 8 Amount received in connection with prosecution under the Gold Coin Regulations, 1933 .. .. .. 0 7 0 Cash seized in gaming raids .. .. .. .. 18 0 Duty on scrap gold and jewellers'sweepings .. .. 4,552 18 11 Gold coin confiscated under Banking Amendment Act, 1914, section 6 .. .. ,. .. 74 0 0 Miners rights and prospecting licenses— £ s. d. Fiord County .. .. .. .. 6 19 0 Taupo County .. .. .. ..100 7 19 0 New Zealand Government's share of profits from Bank of International Settlements .. .. .. .. 261 1 5 1'ost Office Savings-bank profits received from the Post Office Account in terms of section 95 (1) (c), Post and Telegraph Act, 1928— £ s. d. For year 1932-33 (balance) .. 85,351 1 10 For year 1933-34 (on account) .. 14,648 18 2 100,000 0 0 Profits on withdrawal of Australian silver coin .. 7,976 4 10 Sale of — Forfeited gold .. .. .. .. ... 2 4 3 Packing-cases .. .. .. .. .. 0 3 0 Savings in salaries paid to the Consolidated Fund in terms of section 5, Finance Act, 1931 (No. 2) — £ s. d. Government Accident Insurance Account 1,174 13 4 Government Insurance Account .. 3,665 4 0 Native Trustee's Account . . .. 1,133 14 0 State Fire Insurance Account .. 3,483 17 8 9,457 9 0 Silver coin confiscated under section 12 (3), Finance Act, 1931 (No. 2) .. .. .. .. .. 1,968 5 10 Surplus funds—Pukekawa Land Settlement Association.. 70 14 0 137,520 19 8 Customs Department:— Rents of buildings .. .. .. .. .. 79 6 0 Sale of — Goods seized by Customs and fees for redemption .. 1 13 0 Waste paper .. .. .. .. .. 146 82 3 6 Department of Internal Affairs :— Fees and fines, Rotorua Acclimatization District .. 20 0 0 Fees for— Camp licenses and sites .. .. .. .. 78 13 6 Pump inspection .. .. .. .. 2 0 0 Storage of powder .. .. .. .. 1,788 8 9 Passport fees .. .. .. .. .. 2,650 5 8 Rents of buildings .. .. .. .. .. 3,230 5 11 Sale of —■ Confiscated gear .. .. .. .. .. 6 11 9 Fishing and game licenses, Rotorua Acclimatization District .. .. .. .. .. 2,019 8 4 Godwit licenses .. .. .. .. .. 0 10 0 Publications .. .. .. .. .. 29 2 4 Rifles .. .. .. .. .. .. 23 8 0 Waste paper .. .. .. .. .. 15 7 4 — 9,864 1 7 Marine Department :— Rents of buildings .. .. .. .. .. .. 63 7 6 Department or Labour :— Rents of buildings .. .. .. .. .. 63 0 0 Sale of scales (confiscated) .. .. .. .. 0 116 _ 63 11 6 Native Department :— Sale of equipment for Maori gatherings .. .. .. 34 8 0 Carried forward .. .. .. J .. 147,666 13 5

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

DETAIL STATEMENT of OTHER RECEIPTS, MISCELLANEOUS, for the FINANCIAL YEAR ended 31st March, 1934—continued.

13

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. .. 147,666 13 5 Department of Justice and Prisons : — Estreated recognizances .. .. .. .. 10 0 0 Forfeited deposit, parliamentary candidate .. .. 10 0 0 King's counsel fees .. .. .. .. 17 17 0 Rents of buildings .. .. .. .. .. 203 16 0 Sale of copypress .. .. .. .. .. 036 — 241 16 6 Police Department : —- Rents of buildings .. .. .. .. .. 469 9 7 Sale of— Firearms (confiscated) .. .. .. .. 112 16 4 Liquor (confiscated) .. .. .. .. 99 9 3 681 15 2 Naval Defence Department : — Purchase of discharge by New Zealand ratings .. 4 0 0 Rents of buildings .. .. .. .. .. 371 17 4 375 17 4 Defence Department:— Fines .. .. .. .. .. .. 2 10 0 Hire of equipment, &e. .. .. .. .. 794 16 7 Rents of buildings .. .. .. .. .. 5,080 19 8 5,878 6 3 Public Works Department : — Payment for privilege of draining into pips-line, Ellerslie Police-station site .. .. .. .. 1 10 0 Receipts under section 17, Waihou and Ohinemuri Rivers Improvement Act, 1910 .. .. .. .. 376 18 10 Receipts from irrigation and water-supply schemes .. 15,458 14 10 Rents of buildings .. .. .. .. .. 3,170 5 7 Water-power license revenue .. .. .. 1,598 8 3 — 20,605 17 6 Department of Lands and Survey : —- Hauraki Plains Act, 1926— Rates .. .. .. .. .. .. 1,374 7 3 Miscellaneous receipts .. .. .. .. 1,119 11 6 Kauri-gum Industry Account— Miscellaneous receipts .. .. .. .. 3 7 0 Rangitaiki Land Drainage Act, 1910 — Rates .. .. .. .. .. .. 6,827 0 4 "Thirds" .. .. .. .. .. 1 16 9 Miscellaneous receipts .. .. .. .. 299 1011 Scenery-preservation receipts .. .. .. 779 14 9 Swamp Land Drainage Act, 1915 —Miscellaneous receipts 331 14 11 Swamp Land Drainage Amendment Act, 1928, section 2 — General rate for administration and maintenance .. 1,320 15 7 Special rate for interest and repayment of loans .. 2,346 3 5 14,404 2 5 Department of Agriculture : — Rents of buildings .. .. .. .. .. .. 1,607 0 10 Department of Industries and Commerce, Tourist, and Publicity :— Overcharges on bookings, &c., unclaimed .. .. 290 17 9 Rents of buildings .. .. .. .. .. 495 17 5 — 786 15 2 Department of Scientific and Industrial Research : — Fees for analyses .. .. .. .. .. .. 285 12 0 Mines Department :— Commission on coal and goldfields revenue collected .. 475 10 6 Deposit received under section 23, Coal-mines Amendment Act, 1922 .. .. .. .. .. 10 0 0 Hire of drills, &c. .. .. .. .. .. 441 0 0 Rents of buildings .. .. .. .. .. 36 0 0 Rent of plant .. .. .. .. .. 21 0 10 Sales under section 226, Mining Act, 1926 .. .. 147 0 0 1,130 11 4 Department of Health : — Rents of buildings .. .. .. .. .. .. 677 19 3 Mental Hospitals Department : —• Rents of buildings .. .. .. .. .. .. 2 16 9 Education Department : — Fees for teachers'certificates, licenses, &c. .. .. 451 9 7 Fines under Education Amendment Act, 1932-33, section 4 0 5 0 Rents of buildings .. .. .. .. .. 948 8 3 Unclaimed earnings .. .. .. .. 302 15 11 1,702 18 9 £196,048 2 8 I

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1 933- 1 934.

DETAIL STATEMENT of OTHER RECEIPTS, RECOVERIES on Account of EXPENDITURE of PREVIOUS YEARS, for the FINANCIAL YEAR ended 31st March, 1934. Ordinary Revenue Account.

14

£ s. d. £ s. d. £ s. d. Legislative Department :— Sale of surplus and obsolete stores .. .. .. .. 9179 Treasury Department : — Sale of surplus and obsolete stores .. .. .. .. 6197 Stamp Duties Department :— Sale of surplus and obsolete stores .. .. .. .. 165 15 9 Audit Department :— Sale of surplus and obsolete stores .. .. .. .. 636 Department of Internal Affairs : — Sale of surplus and obsolete stores .. .. .. .. 41 14 1 Department of External Affairs :— Recovery on account of Copra Drier, N.Z. Reparation Estates.. .. .. .. .. .. 511 1 6 Refund of overcharge on two chassis supplied to N.Z. Reparation Estates .. .. .. .. .. 20 2 6 Sale of surplus and obsolete stores .. .. .. 233 18 2 765 2 2 Marine Department : — Sale of surplus and obsolete stores .. .. .. .. 89 5 8 Department of Labour : — Sale of surplus and obsolete stores .. .. .. .. 42 9 6 Native Department :— Sale of surplus and obsolete stores .. .. .. .. 5163 Valuation Department Sale of surplus and obsolete stores .. .. .. .. 8 0 6 Electoral Department : — Sale of surplus and obsolete stores .. .. .. .. 4186 Department of Justice and Prisons : — Sale of surplus and obsolete stores .. .. .. .. 47 14 11 Police Department : — Sale of — Publications .. .. .. .. •• 04 6 Surplus and obsolete stores .. .. .. 78 5 11 Troop horses .. .. . • • • • • 7 18 6 86 8 11 Naval Defence Department :— Refund balance of advances to Admiralty, 31st March, 1933 .. . • • • ■ • • • 283 5 8 Sale of surplus and obsolete stores .. .. .. 45 0 0 328 5 8 Carried forward .. .. .. .. 1,608 12 9

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DETAIL STATEMENT of OTHER RECEIPTS, RECOVERIES on Account of EXPENDITURE of PREVIOUS YEARS—continued. Ordinary Revenue Account—continued.

15

£ s. d. £ s. d. £ s. d. Brought forward .. .. .. .. 1,608 12 9 Defence Department :— Sale of surplus and obsolete stores .. .. .. .. 85 10 1 Department or Lands and Survey : — Balance of amount advanced under section 6, Otago University Reserves Act, 1904 .. .. .. 382 2 10 Recovery of costs of fencing .. .. .. 115 0 Sale of surplus and obsolete stores .. .. .. 194 14 6 . 588 2 4 Department of Agriculture : — Repayment of loans to agricultural associations, &c. .. 162 12 11 Sale of — Land and buildings .. .. .. .. 1865 Surplus and obsolete stores .. .. .. 249 19 4 — 430 18 8 Department of Industries and Commerce, Tourist, and Publicity : — Instalments on account of advance to Rotorua Golf Club 106 0 6 Refund on account of defalcation .. .. .. 3 0 0 Sale of — Live-stock .. .. .. .. .. 56 2 1 Surplus and obsolete stores .. .. .. 5117 3 216 19 10 Department of Scientific and Industrial Research :— Sale of plant .. .. .. .. .. .. 130 0 0 Mines Department :—• Sale of surplus and obsolete stores .. .. .. .. 35 0 0 Department of Health : —- Sale of surplus and obsolete stores .. .. .. .. 366 16 4 Mental Hospitals Department : —■ Sale of surplus and obsolete stores .. .. .. .. 17 14 6 Education Department : —• Sale of surplus and obsolete stores .. .. .. ... 115 9 11 Pensions Department :— Sale of surplus and obsolete stores .. .. .. .. 9 0 0 — 3,604 4 5 UNAUTHORIZED EXPENDITURE OF PREVIOUS YEARS. Department of Internal Affairs :— Recovery of part of special grant — Taumarunni Flood Relief .. .. .. .. .. .. .. 2 C 11 Department of Agriculture :— Recovery of part funeral expenses—Fields Instructor, Alexandra .. .. .. .. .. .. 200 — 4 6 11 £3,608 11 4

B.—l [Fr. ll].

PUBLIC ACCOUNTS, 1933-19 34.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND (Ordinary Revenue Account) under SPECIAL ACTS of the LEGISLATURE, and of RECOVERIES in respect of such DISBURSEMENTS, for the FINANCIAL YEAR ended 31st March, 1934. Debt Services —Interest.

16

p , Gross Interest . Maturity Date. Half-yearly Due Date. charged to Ordinary per ent. Revenue Account. £ s. d. 3 1 April, 1945 .. .. .. 1 April, 1933 .. .. .. 43,336 8 8 5£ 9 October, 1934 .. .. .. 9 April, 1933 .. .. .. 19,868 12 6 4 15 April, 1949 .. .. .. 15 April, 1933 .. .. .. J,772 7 2 4J 20 April, 1939 .. .. .. 20 April, 1933 . . . . .. 37 17 7 4J 1 May, 1936 .. .. .. 1 May, 1933 .. . . . . 22 10 0 3i 1 November, 1933 .. .. 1 May, 1933 .. .. .. 2 11 9 3J 1 November, 1934 . . . . 1 May, 1933 . . . . . . 44 15 2 5| 1 November, 1934 .. .. 1 May, 1933 .. .. .. 5,578 2 ti 4* 1 November. 1947 .. .. 1 May, 1933 .. .. .. 252,486 3 11 5" 1 November, 1971 .. .. 1 May, 1933 .. .. .. 125,000 0 0 3 15 November, 1938 .. 15 May, 1933 .. .. .. 42 3 0 4| 15 November, 1938 .. ..15 May, 1933 .. .. .. 418 5 0 3i 15 May, 1952 .. .. .. 15 May, 1933 .. .. .. 58,079 10 7 3 15 May, 1957 .. .. .. 15 May, 1933 .. .. .. 5,124 9 10 3£ 15 May, 1957 .. .. .. 15 May, 1933 .. .. .. 10,098 15 10 3 15 November, 1959 .. .. .. 15 May, 1933 .. .. .. 5,219 9 11 3i 15 November, 1959 .. .. 15 May, 1933 . . . . . . 10,072 5 11 4j 1 June, 1940 .. .. .. 1 June, 1933 . . . . . . 6 15 0 5 15 June, 1940 .. .. 15 June, 1933 .. . . . . 64 2 2 5 15 December, 1949 .. .. .. 15 June, 1933 .. .. .. 187,500 0 0 4 15 June, 1955 .. .. .. 15 June, 1933 .. .. .. 92,716 18 9 3 15 June, 1958 .. .. .. 15 June. 1933 .. .. .. 8,734 18 8 3| 15 June, 1958 .. .. .. 15 June, 1933 .. .. .. 17,260 5 6 3 15 December, 1958 .. .. ..15 June, 1933 .. .. .. 8,734 18 8 3J 15 December, 1958 .. .. .. 15 June, 1933 .. .. .. 17,260 5 6 . 5£ 1 July, 1933 .. .. .. 1 July, 1933 .. .. .. 2 15 0 4" 1 January, 1934 .. .. . . 1 July, 1933 .. .. .. 258 0 0 5J 1 July, 1935 .. .. .. 1 July, 1933 .. .. .. 4,669 17 6 3f 1 January, 1940 .. .. .. 1 July, 1933 . . .. . . 300,589 6 2 1 July, 1941 .. .. . . 1 July. 1933 .. .. .. 236 5 0 4 1 January, 1943 .. .. . . 1 July. 1933 .. .. .. 80,000 0 0 5 1 July, 1945 .. .. .. 1 July, 1933 .. .. .. 253,395 0 0 5 1 January, 1946 .. .. .. 1 July, 1933 .. .. .. 322,152 15 1 4 1 January, 1949 .. .. . . 1 July. 1933 .. .. .. 210 0 0 3 1 January, 1956 .. .. .. 1 July, 1933 .. .. .. 1,117 15 10 3 J 1 January, 1956 .. .. .. 1 July, 1933 .. .. .. 24 11 10 4 1 January, 1956 .. .. .. 1 July, 1933 .. .. .. 588 9 4 3} 15 January, 1940 .. .. .. 15 July, 1933 .. .. .. 25 14 6 4 15 January, 1940 .. .. .. 15 July, 1933 .. .. .. 143,895 10 10 3 15 January, 1957 .. .. .. 15 July, 1933 .. .. .. 12,228 18 1 3£ 15 January, 1957 .. .. .. 15 Julv, 1933 .. .. .. 24,174 13 1 3" 15 July, 1959 .. .. .. 15 July, 1933 .. .. .. 12,228 18 1 3£ 15 July, 1959 .. .. .. 15 July, 1933 .. .. .. 24,218 5 0 3| 15 July, 1959 .. .. .. 15 July, 1933 .. .. .. 138 14 1 5 16 July, 1934 .. .. .. 16 July, 1933 . . . . .. 125,000 0 0 5j 1 February, 1936 .. .. .. 1 August, 1933 .. .. .. 4,185 10 5 4i 1 August, 1941 .. .. .. 1 August, 1933 .. .. .. 157 10 0 5| 1 February, 1951 .. .. .. 1 August. 1933 .. .. .. 67,787 10 0 6 j 1 August, 1951 .. . . . . 1 August, 1933 .. . . .. 176,099 13 1 3 i 1 February, 1957 .. .. .. 1 August, 1933 .. .. .. 493 2 11 4 j 1 February, 1963 .. .. .. 1 August, 1933 .. .. .. 217,692 11 1 5J 15 August, 1933 .. .. .. 15 August. 1933 .. .. .. 24,758 0 9 5i 15 February, 1937 .. .. .. 15 August, 1933 .. .. .. 12,182 9 6 51 15 February, 1937 .. .. .. 15 August, 1933 .. .. .. 6,685 12 10 5 15 February, 1945 .. .. .. 15 August, 1933 .. .. .. 4,987 10 0 4 15 February, 1946 .. .. ..15 August, 1933 .. .. .. 153,518 4 0 3 15 August, 1957 .. .. .. 15 August, 1933 .. .. .. 19,472 4 9 3+ 15 August, 1957 .. .. .. 15 August, 1933 .. .. .. 31,414 13 11 4 15 August, 1957 .. .. .. 15 August, 1933 .. .. .. 50,753 19 3 3 15 February, 1958 .. .. .. 15 August, 1933 .. .. .. 15,839 6 10 3i 15 February, 1958 .. .. .. 15 August, 1933 .. .. .. 31,349 15 0 3f 15 February, 1958 .. .. .. 15 August, 1933 .. .. .. 3,169 2 11 5 1 September, 1937 .. .. 1 September, 1933 .. .. 285 10 0 5i 1 September, 1937 .. .. 1 September, 1933 .. .. 3,012 5 8 5i 1 September, 1941 . . . . 1 September, 1933 .. . . 65 12 6 4 1 March, 1942 .. .. .. 1 September, 1933 .. .. 486 11 6 4f 1 March, 1944 .. .. .. 1 September, 1933 .. .. 165,142 5 3 4| 1 March, 1945 .. .. .. 1 September, 1933 .. .. 170,570 8 4 4| 1 March, 1958 .. .. .. 1 September, 1933 .. .. 432,572 19 3 5 15 March, 1935 .. .. 15 September, 1933 .. .. 925 0 0 3J 15 March, 1943 .. .. .. 15 September, 1933 .. .. 220,351 11 7 Carried forward .. .. .. 3,988,597 4 4 3Sf5£?, H * '. . - ■■ ■

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

STATEMENT of the DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Debt Services —Interest —continued.

17

Rate - Grosa Interest per Cent Maturity Date. Half-yearly Due Date. charged to Ordinary Revenue Account. £ s. d. Brought forward.. .. .. 3,988,597 4 4 3 15 September, 1958 .. ..15 September, 1933 .. .. 19,449 15 7 3J 15 September, 1958 .. ..15 September, 1933 .. .. 38,432 17 6 3 15 March, 1959 .. .. ..15 September, 1933 .. .. 23,343 10 6 3| 15 March, 1959 .. .. ..15 September, 1933 .. .. 38,432 17 6 4 15 March, 1959 .. .. ..15 September, 1933 .. .. 1,725 12 9 Si 31 March, 1934 .. .. .. 30 September, 1933 .. .. 698 1 7 3 1 April, 1945 .. .. .. 1 October, 1933 .. .. .. 144,899 14 0 5i 9 October, 1934 .. .„ .. 9 October, 1933 .. .. .. 19,837 2 6 4 15 April, 1949 .. .. .. 15 October, 1933 .. .. .. 202,345 4 5 4} 20 April, 1939 .. .. .. 20 October, 1933 .. .. .. 55 10 0 3i 1 November, 1933 .. .. 1 November, 1933 .. .. 15 15 0 3 j 1 November, 1934 .. .. 1 November, 1933 .. .. 272 6 0 5J 1 November, 1934 .. .. 1 November, 1933 .. .. 5,578 2 6 4J 1 May, 1936 .. .. .. 1 November, 1933 .. .. 22 10 0 4J 1 November, 1947 .. .. 1 November, 1933 .. .. 252,486 3 11 5 1 November, 1971 .. .. 1 November, .1933 .. .. 125,000 0 0 3 15 November, 1938 .. 15 November, 1933 ■ .. 42 3 0 4J 15 November, 1938 .. 15 November, 1933 .. .. 373 15 9 3f 15 November, 1941 .. 15 November, 1933 .. .. 2,257 6 1 3| 15 May, 1952 .. .. .. 15 November, 1933 .. .. 240,239 5 6 3 15 May, 1957 .. .. ..15 November, 1933 .. .. 21,255 0 0 3| 15 May, 1957 .. .. .. 15 November, 1933 .. .. 41,887 0 9 3 15 November, 1959 .. ..15 November, 1933 .. .. 21,649 1 0 3| 15 November, 1959 .. ..15 November, 1933 .. .. 41,777 2 9 4j 1 June, 1941 .. .. .. 1 December, 1933 .. .. .. 6 15 0 5 15 December, 1949 .. .. ..15 December, 1933 .. .. .. 187,500 0 0 4 15 June, 1955 .. .. ..15 December, 1933 .. .. .. 223,276 8 1 3 15 June, 1958 .. .. ..15 December, 1933 .. .. .. 21,255 0 0 3J 15 June, 1958 .. .. ..15 December, 1933 .. .. .. 42,000 0 0 3 15 December, 1958 .. .. ..15 December, 1933 .. .. .. 21,255 0 0 3J 15 December, 1958 .. .. ..15 December, 1933 .. .. .. 42,000 0 0 4 1 January, 1934 .. .. .. 1 January, 1934 .. .. .. 258 0 0 5| 1 July, 1935 .. .. .. 1 January, 1934 .. .. .. 4,581 13 4 3 J 1 Januarv, 1940 .. .. .. 1 January, 1934 .. .. .. 300,589 6 2 4j 1 July, 1941 .. .. .. 1 January, 1934 .. .. .. 236 5 0 4 1 January, 1943 .. .. .. 1 January, 1934 .. .. .. 80,000 0 0 5 1 July, 1945 .. .. .. 1 January, 1934 .. .. .. 253,395 0 0 5 1 January, 1946 .. .. .. 1 January, 1934 .. .. .. 322,152 15 1 4 1 January, 1949 .. .. .. 1 January, 1934 .. .. .. 210 0 0 3 1 January, 1956 .. .. .. 1 January, 1934 .. .. .. 3,750 0 0 3J I January, 1956 .. .. . . 1 January, 1934 .. .. .. 64 17 1 4 1 January, 1956 .. .. .. 1 January, 1934 .. .. .. 2,000 0 0 3£ 15 January, 1940 .. .. 15 January, 1934 .. .. .. 166 17 6 4 15 January, 1940 .. .. ..15 January, 1934 .. .. .. 248,430 10 2 3 15 January, 1957 .. .. ..15 January, 1934 .. .. .. 21,255 0 0 3£ 15 January, 1957 .. .. ..15 January, 1934 .. .. .. 42,017 17 0 3 15 July, 1959 .. .. ..15 January, 1934 .. .. .. 28,163 4 1 3J 15 July, 1959 .. .. ..15 January, 1934 .. .. .. 42,093 12 6 3§ 15 July, 1959 .. .. ..15 January, 1934 .. .. .. 3,389 17 9 5 16 July, 1934 .. .. ..16 January, 1934 .. .. .. 125,000 0 0 5J 1 February, 1936 .. .. .. 1 February, 1934 .. .. .. 4,159 9 4 4J 1 August, 1941 .. .. .. 1 February, 1934 .. .. .. 157 10 0 5j 1 February, 1951 .. .. .. 1 February, 1934 .. .. .. 67,787 10 0 6 1 August, 1951 .. .. .. 1 February, 1934 .. .. .. 176,099 13 1 3J 1 February, 1954 .. .. .. 1 February, 1934 .. .. .. 25,000 0 0 3 1 February,' 1957 .. .. .. 1 February, 1934 .. .. .. 2,754 4 10 4 1 February, 1963 .. .. .. 1 February, 1934 .. .. .. 217,692 11 1 5| 15 February, 1937 .. .. ..15 February, 1934 .. .. .. 11,921 16 9 5J 15 February, 1937 .. .. ..15 February, 1934 .. .. .. 6,521 2 3 5 15 February, 1945 .. .. ..15 February, 1934 .. .. .. 4,987 10 0 4 15 February, 1946 .. .. ..15 February, 1934 .. .. .. 204,046 15 8 3 15 August, 1957 .. .. ..15 February, 1934 .. .. .. 26,130 0 0 3£ 15 August, 1957 .. .. ..15 February, 1934 .. .. .. 42,155 15 0 4 15 August, 1957 .. .. ..15 February, 1934 .. .. .. 68,107 6 11 3 15 February, 1958 .. .. ..15 February, 1934 .. .. .. 21,255 0 0 3i 15 February, 1958 .. .. ..15 February, 1934 .. .. .. 42,068 12 0 3f 15 February, 1958 .. .. ..15 February, 1934 .. .. .. 4,252 14 0 3j 28 February, 1938 .. .. ..28 February, 1934 .. .. .. 2,046 5 11 5 1 September, 1937 .. .. 1 March, 1934 .. .. .. 285 10 0 5f 1 September, 1937 .. .. 1 March, 1934 .. .. .. 2,780 4 5 5>J 1 September, 1941 .. .. 1 March, 1934 .. .. .. 65 12 6 Carried forward .. .. .. 8,175,996 5 5 2—B. 1 [PT. II],

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1933- 193 4.

STATEMENT of the DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Debt Services —Interest—continued.

18

i; ;i f e Gross Interest per Cent Maturity Date. Half-yearly Due Date. charged to Ordinary Revenue Account. £ s. d. Brought forward .. .. .. 8,175,996 5 5 4 1 March, 1942 .. .. .. 1 March, 1934 .. .. . . 740 0 0 4| 1 March, 1944 .. .. .. 1 March, 1934 .. .. .. 165,142 5 3 4i 1 March, 1945 .. .. .. 1 March, 1934 . . .. .. 170,570 8 4 4i 1 March, 1958 .. .. .. 1 March, 1934 .. . . .. 432,572 19 3 3J 15 March, 1943 .. .. .. 15 March, 1934 .. .. .. 230,937 5 0 3 15 September, 1958 .. ..15 March, 1934 .. .. .. 21,255 0 0 3| 15 September, 1958 .. ..15 March, 1934 .. .. .. 42,000 0 0 3 15 March, 1959 .. .. .. 15 March, 1934 .. .. .. 25,510 2 11 3| 15 March, 1959 .. .. .. 15 March, 1934 .. .. .. 42,000 0 0 4 15 March, 1959 .. .. .. 15 March, 1934 .. .. . . 1,885 16 0 3 1 April, 1945 .. .. .. 1 April, 1934 .. .. .. 101,563 5 4 5J 9 October, 1934- .. .. .. 9 April, 1934 .. .. .. 31 12 11 4 15 April, 1949 .. .. .. 15 April, 1934 .. .. .. 54 0 10 4\ 1 May, 1936 .. .. .. 1 May, 1934 .. . . . . 10 19 5 3* 15 May, 1952 .. .. .. 15 May, 1934 .. .. . . 13 1 4 4-| 1 June, 1941 .. .. .. 1 June, 1934 .. .. .. 2 3 8 4 15 June, 1955 .. .. .. 15 June, 1934 .. .. .. 17 11 0 4J 1 July, 1941 .. .. .. 1 July, 1934 .. . . .. 0 13 9 4 15 January, 1940 .. .. 15 July, 1934 .. . . . . 105 19 7 4 15 February, 1946 .. .. ..15 August, 1934 .. .. .. 16 7 8 4 15 March, 1959 .. .. 15 September, 1934 .. .. 29 18 4 Interest due on or before 31st March, 1933, and interest accrued to 31st March, 1933, on securities converted pursuant to the New Zealand Debt Conversion Act, 1932-33, and pursuant to the Finance Act, 1933 (No. 2), section 2 .. .. .. .. .. 1,326,097 18 11 Interest on Floating Debt .. .. .. .. .. .. .. .. 798,404 16 3 Interest on Deed of Hypothecation .. .. .. .. .. .. .. 122,956 17 0 11,657,915 8 2 Less Recoveries— £ s. d. Deposits Account—-General Purposes Relief Account .. .. 1,000 0 0 Electric Supply Account .. .. .. .. .. 561,120 3 7 Discharged Soldiers Settlement Account .. .. .. 301,193 3 0 Lands for Settlement Account .. .. . . .. 409,528 5 4 Main Highways Account .. .. .. . . .. 93,837 8 11 State Coal-mines Account .. .. .. .. .. 6,837 1 7 State Advances Account .. .. .. . . .. 1,427,483 6 0 British Phosphate Commission .. .. .. .. 20,448 18 5 2,821,448 6 10 8,836,467 1 4 Less Premium on Exchange .. .. .. .. .. .. .. 579 11 6 Net Interest charged to the Consolidated Fund, 1933-34 .. .. .. 8.835,887 9 10 Finance Act, 1932, section 55 — Premium on Exchange transferred to " Other Receipts, Miscellaneous " 80 14 0 Premium on Exchange transferred to Deposits Account for payment to State Advances Office .. .. .. .. .. 498 17 6 ■ 579 11 6 £8,836,467 1 4

B.—l [P T . ll].

PUBLIC ACCOUNTS, 1933- 1 934.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND (Ordinary Revenue Account) under SPECIAL ACTS of the LEGISLATURE and of RECOVERIES in respect of such DISBURSEMENTS for the FINANCIAL YEAR ended 31st March, 1934. Debt Services.

2*

19

Gross Amount Net Amount charged to charged to Ordinary llevenue eeuveues. Ordinary Revenue Account. Account. £ s. d. £ s. d. £ s. d. Interest (details as shown in foregoing statement) .. 11,657,915 8 2 2,821,448 6 10 8,836,467 1 4 AMORTIZATION OF DEBT. Sinking Fund. Finance Act, 1928, Section 13 :— Westport Harbour Act, 1920, — Westport. Harbour Board Act, 1884 — Sinking Fund in respect of loans raised by Westport Harbour Board— • Annual payment in terms of section 13 (4) (a) .. 7,000 0 0 .. 7,000 0 0 Amount paid in terms of section 13 (4) (d), being 4J per cent, in respect of £85,750 paid by the Public Trustee to 31st March, 1933, for redemption of loans .. .. .. .. 3,858 15 0 .. 3,858 15 0 Total, Sinking Fund .. .. 10,858 15 0 .. 10,858 15 0 Repayment of Funded Debt. Repayment or Funded Debt (in terms of section 8 of the Finance Act, 1922, under Memorandum of Agreement with the Imperial Government dated 6th September, 1922)* .. Total, Repayment of Funded Debt* Repayment of the Public Debt Act, 1925, Repayment of the Public Debt Act, 1925 :— Section II (a), — Amount transferred to the Public Debt Repayment Account, being contribution for the Year 1933-34 of 2 P er cent, on the public debt within the meaning of the Act outstanding at 31st March, 1933 (| per cent. on £208,209,198 12s. 9d.) .. .. .. 1,041,045 19 10 .. 1,041,045 19 10 Amount transferred to the Public Debt Repayment Account, being contribution of f per cent, on £8,432,603, debt redeemed under the Act to 31st March, 1933 .. .. .. .. .. 42,163 0 4 .. 42,163 0 4 Section 11 (b), — Amount transferred to the Public Debt Repayment Account, being contribution of 3| per cent, on £8,432,603, debt redeemed under the Act to 31st March, 1933 .. .. .. .. .. 295,141 2 1 .. 295,141 2 1 Amount transferred to the Public Debt Repayment Account, being contribution of 3J per cent, on £1,776,270, debt redeemed under the Act during the year 1933-34, computed from the dates of redemption to 31st March, 1934 .. .. .. .. 13,911 11 1 .. 13,911 11 1 Less Reparation moneys credited pursuant to Finance Act, 1931 (No. 2), section 3 .. .. .. 4 17 5 Cr. 4 17 5 Total, Repayment of the Public Debt Act, 1925 .. .. .. 1,392,261 13 4 4 17 5 1,392,256 15 11 Repayment of Advances in Terms of Deed of Hypothecation dated 15th February, 1933. Finance Act, 1931 (No. 4) Section 7 (2): — Repayment of portion of amounts advanced .. .. 200,000 0 0 200,000 0 0 Total, Repayment of Advances .. 200,000 0 0 200,000 0 0 Transfer to Loans Redemption Account. Public Revenues Act, 1926, Section 135 (4): — Amount transferred to the Loans Redemption Account for the redemption of Main Highways loans, representing proportion of the interest on the balance of the Loans Redemption Account earned by moneys held in that account for the redemption of Main Highways loans .. .. .. .. .. 9,843 7 7 .. 9,843 7 7 Total, Transfer to Loans Redemption Account .. .. .. 9,843 7 7 .. 9,843 7 '7 Carried forward .. .. .. 13,270,879 4 1 3,021,453 4 3 10,249,425 19 10 * Payments suspended following Hoover proposals regarding war debts.

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Debt Services —continued.

20

Gross Amount Net Amount charged to "Recoveries charged to Ordinary Revenue recoveries. Ordinary Revenue Account. Account. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 13,270,879 4 1 3,021,453 4 3 10,249,425 19 10 ADMINISTRATION AND MANAGEMENT. New Zealand Loans Act, 1932, Section 62 (3): — Stamp duty on transfers of New Zealand Consolidated Stock .. .. .. .. .. 6,716 17 6 Less Amounts recovered from— £ s. d. Electric Supply Account .. .. 335 6 2 Discharged Soldiers Settlement Account 69 3 2 Land for Settlements Account .. 6 3, 7 State Advances Account— Settlers Branch .. .. 445 3 7 Workers Branch .. .. 464 17 11 State Forests Account .. .. 55 6 9 .. 1,376 1 2 5,340 16 4 New Zealand Loans Act, 1932, Section 61 Charges and expenses of raising loans, — Fresh issues— Public Works Fund —General Purposes Account .. 53 10 0 .. 53 10 0 Issues in renewal and conversion— Public Works Fund—General Purposes £ s. d. Account .. .; .. 713 8 0 Education Loans Account .. .. 3 1 10 Hauraki Plains Settlement Account .. 101 0 0 Native Land Settlement Account .. 365 15 0 War Expenses Account .. .. 567 10 7 1,750 15 5 .. 1,750 15 5 New Zealand Debt Conversion, 1933 .. .. 14,664 9 1 9 16 6 14,654 12 7 New Zealand Debt Conversion Act, 1932-33, Section 19 (3) — Costs, charges, and expenses of conversion— Premiums paid in cash .. .. .. 23,832 3 5 16,319 7 8 7,512 15 9 40,300 17 11 16,329 4 2 23,971 13 9 New Zealand Loans Act, 1932:— . — Section 24 (1),' —■ Amount paid Bank of England for year ended 31st October, 1933, for management of New Zealand loans—■ £ s. d. Consolidated Stock .. .. 38,551 7 6 Bonds .. .. .. 1,000 0 0 39,551 7 6 Less amounts recovered from— £ s. d. Electric Supply Account .. .. 2,709 8 0 Discharged Soldiers Settlement Account .. .. .. 78 11 0 Land for Settlements Account .. 720 16 0 Main Highways Account .. 165 0 6 State Coal-mines Account .. 15 10 0 State Forests Account .. .. 63 7 8 State Advances Department— Settlers Branch .. .. 2,531 16 4 Workers Branch .. .. 1,235 3 8 Local Authorities Branch .. 299 0 10 .. 7,818 14 0 31,732 13 6 Total, Administration and Management 86,569 2 11 25,523 19 4 61,045 3 7 PAYMENTS ON GUARANTEED LOANS. Land Settlement Finance Act, 1909 Section 13 (1), — Interest and principal in arrear made good under Government guarantee—■ Auchmore Land Settlement Association .. .. 6,056 7 5 Blairgowrie Land Settlement Association .. .. 327 11 0 Bruce Land Settlement Association .. .. 130 17 6 Clifton Grove Land Settlement Association .. 10,892 12 4 Glencairn Land Settlement Association .. .. 27,879 3 11 Kelman Land Settlement Association .. .. 219 8 7 Lansdowne Land Settlement Association .. .. 2,445 19 8 Matajnau Land Settlement Association .. .. 17,613 17 6 Moana Vale Land Settlement Association .. .. 2,040 4 0 Carried forward .. .. .. 67,606 1 11 Carried forward .. .. .. 7 0 [3,046,977 3 7 10,310,471 3 5

B.—l [FT. ll].

PUBLIC ACCOUNTS, 1933-1934.

DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Debt Services—continued.

21

Groaa Amount Net Amount charged to n.<.nv»ri,» charged to Ordinary Revenue .recoveries. Ordinary Revenue Account. Account. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 13,357,448 7 0 3,046,977 3 7 10,310,471 3 5 PAYMENTS ON GUARANTEED LOANS—continued. Brought forward .. .. .. 67,606 1 11 Land Settlement Finance Act, 1909—continued. Section 13 (1) —continued. Interest and principal in arrear made good under Government guarantee—-continued. Owersby Land Settlement Association .. 8,753 8 7 Quiltowen Land Settlement Association .. 8,964 0 9 Trentham Land Settlement Association .. .. 320 1 9 Woodside Land Settlement Association .. .. 2,456 16 5 88,100 9 5 Less Repayment by Associations under subsection (5) — Auchmore Land Settlement Association .. .. 65 3 3 Blairgowrie Land Settlement Association .. .. 327 11 0 Glencairn Land Settlement Association .. .. 114 13 2 Glencarrow Land Settlement Association .. .. 47 17 11 Glengariff Land Settlement Association .. .. 2 11 1 Lansdowne Land Settlement Association .. .. 117 3 10 Matamau Land Settlement Association .. .. 175 9 5 Moana Vale Settlement Association .. .. .. 618 13 11 Moorfield Land Settlement Association .. .. 2 4 10 Nikau Grange Land Settlement Association .. .. 264 13 4 Owersby Land Settlement Association .. .. 85 12 7 Quiltowen Land Settlement Association .. .. 42 5 1 Trentham Land Settlement Association .. .. 98 7 6 Waipa Land Settlement Association .. .. 18 17 8 Walton Land Settlement Association .. .. 20 6 9 Woodside Land Settlement Association .. .. 89 2 7 2,090 13 11 — 86,009 15 6 Local Bodies' Loans Amendment Act, 1908 :— Section 10, — Subsidies on instalments of sinking fund— Cambridge Borough Council, due 30th April, 1933 .. 25 0 0 Christchurch City Council, due 31st March, 1934 .. 71 5 0 Grey Lynn Borough Council, due 1st April, 1933 .. 225 0 0 Levin Borough Council, due 1st April, 1933 .. 135 0 0 Port Chalmers Borough Council, due 31st March, 1934 17 10 0 Taihape Borough Council, due 1st April, 1933 .. 106 5 0 Taihape Borough Council, due 31st March., 1933 .. 18 15 0 Taihape Borough Council, due 31st March, 1934 .. 18 15 0 617 10 0 .. 617 10 0 Local Bodies' Loans Act, 1926, Section 76: —• Payments to State Advances Office by way of subsidy on instalments due by local authorities in respect of loans for roading outlying districts .. .. .. 233 14 7 .. 233 14 7 Total, Payments on Guaranteed Loans 88,951 14 0 2,090 13 11 86,861 0 1 TOTAL, Debt Services .. .. 13,446,400 1 0 3,049,067 17 6 10,397,332 3 6

8.-l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND (Ordinary Revenue Account) under SPECIAL ACTS of the LEGISLATURE and RECOVERIES in respect of such DISBURSEMENTS for the FINANCIAL YEAR ended 31st March, 1934. Other Services.

22

Gross Amount Net Amount Act charged to -RemveriM charged to • Ordinary Revenue recoveries. Ordinary Revenue Account. Account. EDUCATION. £ s. d. £ s. d. £ s. d. Grants and Subsidies. University Colleges. Land AOT, 1924 :— Section 297 (a), —- Transfer to Vote, Education, of that portion of the National-endowment Revenue for the Year ended 31st March, 1933, paid to the Universities under Section 32 of the New Zealand University Amendment Act, 1914 .. .. .. .. .. 7,602 19 9 Education Boards, Land Aot, 1924 Section 297 (6), — Transfer to Vote, Education, of the residue to 31 March, 1933, of National-endowment Revenue .. .. 45,617 18 4 .. 53,220 18 1 TOTAL, Education .. .. 53,220 18 1 .. 53,220 18 1 GRANTS AND SUBSIDIES. Payment to Racing Clubs of Proportion of Totalizator Duty. Finance Act, 1931 (No. 4): —- Section 20 (1), — Refunds to racing clubs of proportion of totalizator duty .. .. .. .. .. .. 2.6,094 9 6 Finance Act, 1932, Section 40, and Finance Act, 1932 (No. 2), Section 9: — Refunds to racing clubs of proportion of totalizator duty 309 11 3 .. 26,404 0 9 Contribution towards Cost of Singapore Naval Base. Finance Act, 1927 (No 2) : — Section 5 .. .. .. .. .. .. 100,000 0 0 .. 100,000 0 0 Miscellaneous Grants and Subsidies. Land Act, 1924 : —- Sections 139 and 358, — Amount paid by Receivers of Land Revenue into Local Bodies' Deposit Accounts for payment to local authorities in respect of rents, royalties, &c. (" thirds," " fourths," and " halves") .. .. .. 9,470 9 9 .. 9,470 9 9 Total Grants and Subsidies .. 135,874 10 6 .. 135,874 10 6 SALARIES AND HONORARIA. Legislative. Appropriation Act, 1926 :— Section 24 (2), — Salary of Minister for Cook Islands in excess of the amount appropriated under the Civil List Act, 1920— 1 April, 1933, to 31 March, 1934 .. .. .. 137 14 0* Civil List Act, 1920 Part III, Section 16, — Speakers of both Houses and Chair- £ s. d. men of Committees .. .. 2,203 4 0 Part III, Section 17, — Members of the Legislative Council.. 4,550 3 6 Members of the House of Representatives 25,067 5 1 Part IV, Section 22, — Officers of Legislative Council and House of Representatives .. 2,268 0 0 34,088 12 7 — .. 34,226 6 7 Carried forward .. .. .. 34,226 6 7 .. 34,226 6 7 Carried forward .. .. .. 189,095 8 7 .. 189,095 8 7 _ ; ; ; * Salary (£757 7s.) and house allowance (£207) also paid and charged under Oivil List, Part TT (see B.-l [Pt. I]).

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Other Services—continued.

23

Gross Amount Net Amount Act charged to R„,. nvori „ Q charged to Ordinary Revenue ecoveries Ordinary Revenue Account. Account. £ s. d. £ a. d. £ s. d. Brought forward .. .. .. 189,095 8 7 .. 189,095 8 7 SALARIES AND HONORARIA—continued. Brought forward .. .. .. 34,226 6 7 .. 34,226 6 7 Justice. Judicature Amendment Act, 1920 :— Section 3, — The Judges—• The Chief Justice— Myers, Sir M., K.C.M.G., K.B., salary, 1 April, 1933, to 31 March, 1934 .. .. .. .. 2,250 0 0 The Puisne Judges— Adams, A. S., salary, 1 April, 1933, to 3 August, 1933 682 15 10 Herdman, Sir A. L., salary, 1 April, 1933, to 31 March, 1934 .. .. .. .. 2,000 0 0 MacGregor, W. C., salary, 1 April, 1933, t,o 31 March, 1934 .. .. .. .. .. 2,000 0 0 Ostler, H. H., salary, 1 April, 1933, to 31 March, 1934 2,000 0 0 Reed, J. R., salary, 1 April, 1933, to 31 March, 1934 2,000 0 0 Smith, D. S., salary, 1 April, 1933, to 31 March, 1934 2,000 0 0 Blair, A. W., safary, 1 April, 1933, to 31 March, 1934 2,000 0 0 Kennedy, R., salary, 1 April, 1933, to 31 March, 1934 2,000 0 0 Johnston, H. F., salary, 1 February, 1934, to 31 March, 1934 .. ' .. .. .. 333 6 8 .. 17,266 2 6 Other Salaries. Industrial Conciliation and Arbitration Act, 1925 :— Section 64, — Judge of the Arbitration Court — Frazer, F. V., salary, 1 April, 1933, to 31 March, 1934 2,000 0 0 Public Revenues Act, 1926 :— Section 6, — Salary, Controller and Auditor-General (Campbell, G. F. C., C.M.G.), 1 April, 1933, to 31 March, 1934 .. 1,023 15 0 Public Service Act, 1912, and Appropriation Act, 1925, Section 20 (1) (as) :— Public Service Commissioner, — Verschaffelt, P. D. N., C.M.G., salary, 1 April, 1933, to 31 March, 1934 .. .. .. .. 1,181 5 0 Public Service Act, 1912, and Appropriation Act, 1920, Section 16 (1) Assistant Public Service Commissioner, — Dallard, B. L., salary, 1 April, 1933, to 31 May, 1933.. 143 6 6 Public Service Act, 1912 Section 7 (4), — Acting Public Service Commissioner—• Thomson, A. D., salary, 20 June, 1933, to 12 August, 1933 .. .. .. .. .. 172 12 8 .. 4,520 19 2 Total, Salaries and Honoraria .. 56,013 8 3 .. 56,013 8 3 HIGHWAYS. Tire-tax, Fees, and Fines transferred to Main Highways Account. Finance Act, 1927 (No. 2): — Section 24 (1), — Transfer to Main Highways Account Revenue Fund as under — £ s. d. Tire-tax .. .. .. 62,979 9 9 Motor-vehicles fees, fines, &c. .. 346,249 9 2 409,228 18 11 .. 409,228 18 11 Tax on Motor-spirits transferred to Main Highways Account. Motor-spirits Taxation Act, 1927, Section 9 (1) (a): — Allocation of residue after deduction of expenses,* — 92 per cent, of residue for period £ s. d. 1 April, 1933, to 31 March, 1934 .. 1,169,868 3 5 Less amount retained in Consolidated Fund .. .. 500,000 0 0 669,868 3 5 Amount transferred to Main Highways Account Revenue Fund .. .. .. .. 669,868 3 5 .. 669,868 3 5 Carried forward .. .. .. 1,079,097 2 4 .. 1,079,097 2 4 Carried forward .. .. .. 245,108 16 10 .. 245,108 16 10 * No deduction has been made in respect of any expenses incidental to the allocation of the residue.

B 4 —l [Pt. ll].

PUBLIC ACCOUNTS, 193 3-1 9 34.

DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Other Services —continued.

24

Gross Amount Net Amount Act charged to p.nrw.rio. charged to 0 ' Ordinary Revenue Recoveries. Ordinary Revenue Account. Account. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 245,108 16 10 .. 245,108 16 10 HIGHWAYS—continued. Brought forward .. .. .. 1,079,097 2 4 .. 1,079,097 2 4 Tax on Motor-spirits paid to Boroughs. Motob-spirits Taxation Act, 1927 :— ■ Section 9, — Allocation of residue after deduction of expenses,*— Subsection (1) (b), residue paid to Borough 8 per cent, for period 1 January, 1933, to 31 December, 1933 .. .. .. .. 100,060 0 9 .. 100,060 0 9 Motor-vehicles : Mileage-tax and Penalties. Mileage-tax and Penalties transferred to Main Highways Account. Motob-spibits Taxation Act, 1927, Section 9 (1) (a), and Finance Act, 1932-33 (No. 2), Section 19 (5): — £ s. d. Electrically-propelled vehicles .. 628 10 2 Other vehicles .. .. .. 504 13 0 1,133 3 2 Mileage-tax and Penalties paid to Boroughs. Motob-spibits Taxation Act, 1927, Section 9 (1) (6), and Finance Act, 1932-33 (No. 2), Section 19 (5) £ s. d. Electrically-propelled vehicles .. 39 0 5 Other vehicles .. .. .. 37 1 0 76 1 5 Mileage-tax and Penalties retained by Consolidated Fund. Motob-spibits Taxation Act, 1927, Section 9 (1) (a), and Finance Act, 1932-33 (No. 2), Section 19 (5) Other vehicles .. .. .. .. .. 365 13 10 .. 1,574 18 5 Expenses of Collecting and Making Refunds. Finance Act, 1927 (No. 2) :— Section 24 (3), — Transfer to the credit of Vote, Customs, in respect of the expenses incidental to the collection of tire-tax .. 821 14 5 Motob-spibits Taxation Act, 1927 :— Section 7,— Expenses of collecting tax on motorspirits paid to the credit of Vote, Customs, for the period 1 January, £ s. d. 1933, to 31 December, 1933 .. 16,586 7 2 Expenses of refunding tax on motorspirits paid to the Post Office for the period 1 January, 1933, to £ s. d. 31 December, 1933 .. .. 3,696 17 6 20,283 4 8 .. 21,104 19 1 TOTAL, Highways .. .. .. 1,201,837 0 7 .. 1,201,837 0 7 EXCHANGE. On Remittances. Exchange Costs incidental to Purchase of Surplus Funds in London. Banks Indemnity (Exchange) Act, 1932-33 :— Sections 6 and 7, — Cost of exchange incurred on the purchase from banks of surplus exchange accumulated in London .. 2,093,125 0 0 355,380 0 0 1,737,745 0 0 Finance Act, 1932 :— Section 55, —• Exchange on remittances of public moneys to or from any country beyond New Zealand .. .. 85,597 12 8 26,154 9 4 59,443 3 4 TOTAL, Exchange .. .. .. 2,178,722 12 8 381,534 9 4 1,797,188 3 4 Carried forward .. .. .. 3,625,668 10 1 381,534 9 4 3,244,134 0 9 * No deduction has been made in respect of any expenses incidental to the allocation of the residue.

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1 9 33-1 9 34.

DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Other Services —continued.

25

Gross Amount Net Amount. Act - Ordinajjfllevenue Recoveries OrdiBa^evenue Account. Account. £ s. d. £ a. d. £ s. d. Brought forward 3,625,668 10 1 381,534 9 4 3,244,134 0 9 ADVANCES. On Account of other Governments. •»»» Fikance Act, 1930 (No. 2}: — Section 7, — Advances made on behalf of other Governments — Canada .. .. .. • ■ • • 48 19 7 233 9 9 Cr. 184 10 2 Commonwealth .. .. .. •• 23,584 14 10 23,100 3 7 484 11 3 Fiji .. .. .. .. .. •• 3 5 11 .. 3 5 11 Imperial Government .. .. .. ■ ■ 25,540 2 9 30,187 3 8 Cr. 4,647 0 11 Union of South Africa .. .. .. . • 0 18 11 86 15 0 Cr. 85 16 1 Uganda .. .. .. .. .. 3 0 11 3 0 11 49,181 2 11 53,610 12 11 Cr. 4,429 10 0 Miscellaneous Advances. Education Reserves Act, 1928 :— Section 29 (1), —• Amount recovered from the Greymouth and Hokitika High Schools Deposit Account, being part of amount paid as compensation for improvements on Reserve 121b, Block V, Poerua Survey District, forming part of the endowments of the Greymouth and Hokitika High Schools, in respect of expenditure incurred during the year 1930-31 .. .. .. 200 0 0 Cr. 200 0 0 Total, Advances .. .. .. 49,181 2 11 53,810 12 11 Or.4,629 10 0 OTHER SPECIAL ACTS. Pensions. Old-age Pensions. Land Act, 1924 :— Section 298, — Application of national-endowment revenue in payment of old-age pensions .. .. .. .. 22,808 19 2 .. 22,808 19 2 Other Pensions. Judicature Act, 1908 :— Sections 12-14, — Superannuation allowances— Chapman, Sir F. R., 1 April, 1933, to 31 March, 1934 1,083 6 8 Stringer, Sir T. W„ 1 April, 1933, to 31 March, 1934 750 0 0 Adams, A. S„ 4 August, 1933, to 31 March, 1934 .. 439 1 2 ., 2,272 7 10 TOTAL, Pensions .. .. .. 25,081 7 0 .. 25,081 7 0 Miscellaneous. Hawke's Bay Earthquake Act, 1931 : — Section 58, — Grants and special Government services in connection with the Hawke's Bay earthquake — Clearing Napier streets .. .. .. •• •• 126 Cr. 12 6 Loan to Napier Borough Council for the erection of community retail shops .. .. .. .. 929 3 9 Cr. 929 3 9* Loan to Hastings Borough Council for the erection of community retail shops .. .. .. .. 270 18 11 Cr. 270 18 llf Expenses of demolishing community shops at Napier 91 19 0 .. 91 19 0 91 19 0 1,201 5 2 Cr. 1,109 6 2 Appropriation Act, 1926 :— Section 15, — Travelling-expenses of His Excellency the GovernorGeneral and staff in excess of amount provided under the Civil List Act, 1920 .. .. .. 1,041 18 3 .. 1,041 18 3{ Finance Act, 1930, Section 53 (4), and Finance Act, 1931 (No. 2), Section 25 (2) (b) Land assurance claims admitted and paid in connection with losses sustained through errors in the definitions of boundaries .. .. .. .. .. 19 2 8 .. 19 2 8 Carried forward .. .. .. 1,152 19 11 1,201 5 2 Cr. 48 5 3 Carried forward .. .. .. 25,081 7 0 .. 25,081 7 0 Carried forward .. .. .. 3,674,849 13 0 435,345 2 3 3,239,504 10 9 * Represents £256 18s. 9d. rents from community shops and £672 5s. sale of material from demolition of community shops. t Rent of community shops. J See also £1,750 under Civil List, Part I (B.-l [Pt. I]).

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DISBURSEMENTS and RECOVERIES under SPECIAL ACTS of the LEGISLATURE—continued. Other Services —continued.

26

Gross Amount i Net Amount Art, charged to | oharged to Ordinary Revenue e e Ies ' Ordinary Revenue Account. Account. £ s. d. £ a. d. £ s. d. Brought forward .. .. .. 3,674,849 13 0 435,345 2 3 3,239,504 10 9 OTHER SPECIAL ACTS —continued. Brought forward .. .. .. 25,081 7 0 .. 25,081 7 0 Miscellaneous—continued. Brought forward .. .. .. 1,152 19 11 1,201 5 2 ft. 48 5 8 Finance Act, 1932, Section 53, and- Finance Act, 1932 (No. 2), Section 8 :— ■ Interest on income-tax paid in advance .. .. 5,806 14 5 .. 5,806 14 5 Finance Act, 1932-33: — Section 7, — Refund of taxation on interest — £ s. d. On Rural Advances bonds.. .. 37,806 4 6 On Land Settlement Association's debentures .. .. .. 1,332 9 5 On Rural Intermediate Credit Board's securities .. .. .. 1,494 2 9 40,632 16 8 ... 40,632 16 8 Land Act, 1924 :— Section 295 (2), — Administration expenses of national-endowment land .. 6,385 13 8 .. 6,385 13 8 » Mortgagees' Indemnity (Workers' Charges) Act, 1927, Section 5, and Finance Act, 1930, Section 53 :— Compensation to mortgagees .. .. .. 166 4 7 .. 166 4 7 National Expenditure Adjustment Act, 1932 :—• Section 46 (7), — Refunds of stamp duty on interest .. .. .. 363 9 8 .. 363 9 8 Native Purposes Act, 1931 Section 51, — Tenth annual payment to Arawa District Trust Board for the benefit of the Arawa Tribe .. .. 5,520 0 0 .. 5,520 0 0 Section 54, — Seventh annual payment to Tawharetoa Trust Board for benefit of Tuwharetoa Tribe in connection with Lake Taupo claims .. .. .. £3,000 0 0 Less reduction made at the request of the Board .. 270 0 0 2,730 0 0 .. 2,730 0 0 Public Revenues Act, 1926: — Section 151,- — Free issue of official postage-stamps to members of the House of Representatives and to members of the Legislative Council .. .. .. .. 1,941 0 0 .. 1,941 0 0 Reserve Bank oe New Zealand Act, 1933: — Section 26 (2), — Payments to the Governor of the Reserve Bank of New Zealand prior to commencement of business by the Bank.. .. .. .. .. .. 1,750 0 0 .. 1,750 0 0 Rural Advances Act, 1926 : — Section 8 (2), — Interest paid on Rural Advances bonds — 5-per-cent. bonds to mature 15 September, 1947 —- £ s. d. Interest due 15 September, 1932 .. 425 0 0 Interest due 15 March. 1933 .. 4,218 15 0 Interest due 15 September, 1933 .. 105,050 0 0 Interest due 15 March, 1934 .. 100,942 10 0 210,636 5 0 Less amount recovered from State Advances Office .. 210,152 10 0 483 15 0 5-per-cent. bonds to mature 1-5 September, 1938 — £ s. d. Interest due 15 September, 1933 .. 250 0 0 Interest due 15 March, 1934 .. 250 0 0 500 0 0 Less amount recovered from State Advances Office .. 500 0 0 Total interest .. .. .. .. 211,136 5 0 210,652 10 0 483 15 0 Less premium on exchange .. .. .. 4 12 8 . . 4 12 8 Finance ACT, 1932:— 211,131 12 4 210,652 10 0 479 2 4 Section 55, — Premium on exchange transferred to Deposits Account for payment to State Advances Office .. .. 4 12 8 .. 4 12 8 211,136 5 0 210,652 10 0 483 15 0 Total, Miscellaneous .. .. 277,585 3 11 211,853 15 2 65,731 8 9 TOTAL, OTHER Special Acts .. .. 302,666 10 11 211,853 15 2 90,812 15 9 TOTAL, OTHER Services .. .. 3,977,516 3 11 i 647,198 17 5 3,330,317 6 6

B.—l [I'T. If].

PUBLIC ACCOUNTS, 19 3 3-1 934.

STATEMENT of the DISBURSEMENTS of the CONSOLIDATED FUND (Ordinary Revenue Account) under the RURAL INTERMEDIATE CREDIT ACT, 1927, Section 16.

STATEMENT of BALANCES OUTSTANDING on 31st March, 1934, in respect of PAYMENTS MADE from the CONSOLIDATED FUND on behalf of OTHER GOVERNMENTS.

STATEMENT of IMPRESTS of the CONSOLIDATED FUND (Ordinary Revenue Account) OUTSTANDING as at the 31st March, 1934, showing the SERVICES for which they were issued.

27

Advances to tub Rubal Intermediate Ckedit Boabd. One-third of Two-thirds of Advance to be n , , . , Date from which Advance (in Cash) credited to the itural Total Advance Date of Advance. Term. Interest becomes for the Purpose of Intermediate Credit in Terms of [ - v uut - payable. carrying on Business Redemption Fund Section 16. i under the Act. in Terms of Section 17 (1). Years. £ s. d. £ s. d. £ s. d. June 30,1928.. 20 June 29,1948. . June 30, 1938 3,400 0 0 1,700 0 0* 5,100 0 0 June 30,1928.. 20 June 29,1948.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 July 31,1928.. 20 July 30,1948.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 Aug. 15,1928.. 20 Aug. 14,1948.. „ „ 5.000 0 0 2,500 0 0* 7,500 0 0 Aug. 21,1928.. 20 Aug. 20,1948.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 Sept. 13,1928.. 20 Sept. 12,1948.. „ „ 5.000 0 0 2,500 0 0* 7,500 0 0 Oct. 3,1928.. 20 Oct. 2,1948.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 Oct. 8,1928.. 20 Oct. 7,1948.. ,. „ 10,000 0 0 5,000 0 0* 15,000 0 0 Oct. 19,1928.. 20 Oct. 18,1948.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 Nov. 8,1928.. 20 Nov. 7,1948.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 Dec. 21,1928.. 20 Dec. 20,1948.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 April 10, 1929.. 20 April 9,1949.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 May 16,1929.. 20 May 15,1949.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 May 27,1929.. 20 May 26,1949.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 June 4,1929.. 20 June 3,1949.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 June 27, 1929.. 20 June 26, 1949.. „ „ 8,000 0 0 4,000 0 0* 12,000 0 0 June 28, 1929.. 20 June 27, 1949.. „ „ 30,000 0 0 15,000 0 0* 45,000 0 0 Aug. 28, 1929.. 20 Aug. 27, 1949.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 Sept. 16, 1929.. 20 Sept. 15, 1949.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 Oct. 3,1929.. 20 Oct. 2,1949.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 Oct. 24,1929.. 20 Oct. 23,1949.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 Nov. 5,1929.. 20 Nov. 4,1949.. „ „ 10,000 0 0 5,000 0 0* 15,000 0 0 April 16, 1930. . 20 April 15, 1950.. „ „ 5,000 0 0 2,500 0 0* 7,500 0 0 May 1,1930.. 20 April 30, 1950.. „ „ 20,000 0 0 10,000 0 0* 30,000 0 0 May 30,1930.. 20 May 29,1950.. „ „ 20,000 0 0 10,000 0 0* 30,000 0 0 June 17, 1930.. 20 June 16, 1950.. „ „ 20,000 0 0 10,000 0 0* 30,000 0 0 June 30, 1930.. ! 20 June 29, 1950.. „ „ 20,270 0 0 10,130 0 0* 30,400 0 0 Total amount advanced prior to 31st March, 1931 .. £266,670 0 0 £133,330 0 0* £400,000 0 0 * Securities issued in lieu of cash, in terms of subsection (4) of section 17. Note.—In terms of the Rural Intermediate Oredit Act, 1927, the amounts advanced and outstanding at any time shall not exceed in the aggregate the sum of £400,000. Every advance shall be free of interest for the period of ten years immediately succeeding the date on which the first such advance is made. After the expiration of the said period of ten years interest, shall be payable half-yearly, at such rate as the Minister of Finance shall from time to time determine.

at „ Balance outstanding at Name of Government. gist March> W34 B £ s. d. Canada .. .. .. .. .. .. .. .. 48 19 7 Commonwealth of Australia .. .. .. .. .. .. 14,105 5 4 Fiji .. .. . . .. .. .. .. .. 3 5 11 Imperial Government —General Advances .. .. .. .. 17,875 19 8 Union of South Africa .. .. .. .. .. .. 112 7 10 Total .. .. .. .. .. .. .. £32,145 18 4 Note.—Details of transactions are shown on page 25.

Consolidated Fund : — Ordinary Revenue Account, — Under Special Acts— £ s. d. Rural Advances Act, 1926 .. .. .. .. .. .. .. 3,000 0 0 Interest on Loans .. .. .. .. • • ■■ .. 12,933 0 10 V otes— Customs . . . .. .. .. ■. ■ • • ■ •. .. 684 7 7 Stamp Duties .. .. .. .. .. .. .. .. .. 531 11 8 Internal Affairs .. .. .. .. .. .. .. .. .. 43 10 0 External Affairs . . .. .. .. • • •. .. .. .. 3,464 3 6 Printing and Stationery •• .. .. .. •• .. . ■ •• 4,919 6 8 Marine .. .. .. .. .. .. .. .. .. .. 163 0 0 Justice and Prisons .. .. .. .. .. .. .. .. 0 15 6 Naval Defence .. .. .. .. .. .. .. .. •. 9,504 11 8 Defence .. .. .. •. • ■ • • • • •. .. .. 301 6 0 Lands and Survey .. .. .. .. .. .. .. .. .. 103 1 11 Agriculture .. .. . . •. .. .. . .. ■ • 0 15 0 Industries and Commerce, Tourist and Publicity .. .. .. .. .. 685 19 0 Health .. .. .. .. .. .. ..... .. .. 593 0 0 Education .. .. ■ ■ •. .. . ■ • . • 9 18 8 Pensions .. .. .. ■ • • • • • • • ■ ■ • ■ • 11,637 15 2 General I mprest .. .. .. ■. .. .. .. .. 27,730 11 1 General Services .. .. .. .. .. .. .. .. .. 47,291 3 0 Total .. .. .. .. .. ... .. .. £123,597 17 3

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

SUMMARY of ACCOUNTS of LOCAL BODIES for the FINANCIAL YEAR ended 31st March, 1934.

28

Balances on u Payments and Balances on 31st March, 1933. Jteceipt». Transfers. 31st March, 1934. ENDOWMENTS OF LAND. £ g. d. £ s. d. £ s. d. £ s. d. HABBOtrn Board :— ■ (Greymouth Harbour Board Act, 1884, Section 7) — Greymouth .. .. .. 318 3 1 2,015 6 2 2,273 18 11 59 10 4 Counties (Land Act, 1924 Sections 138 (b) and 357, and Finance Act, 1924, Section 17 (2) )— Fiord .. .. .. .. 184 18 7 .. .. 184 18 7 Sounds .. .. .. 1,443 14 2 5 12 3 .. 1,449 6 5 Taupo .. .. .. .. 716 0 6 24 3 1 32 13 0 707 10 7 2,344 13 3 29 15 4 32 13 0 2,341 15 7 Total, Endowments of Land .. 2,662 16 4 2,045 1 6 2,306 11 11 2,401 5 11 GOLDFIELDS REVENUE. (Mining Act, 1926, Section 447.) Counties :— Amuri .. .. .. .. .. 050 050 Ashburton .. .. .. 5 10 0 3 15 0 950 Bruce .. .. .. .. 100 115 0 250 0 10 0 Buller .. .. .. .. 172 14 9 550 2 1 566 16 0 156 0 10 Cheviot .. .. .. .. .. 050 050 Clutha .. .. .. .. .. 0 15 0 0 10 0 050 Collingwood .. .. .. 82 12 11 566 2 10 566 5 8 82 10 1 Coromandel .. .. .. 68 9 1 451 19 7 463 10 9 56 17 11 Ellesmere .. .. .. 050 0 10 0 0 15 0 Featheraton .. .. .. 050 150 1 10 0 Franklin .. .. .. .. .. 1 10 0 1 10 0 Great Barrier Island .. .. . . 36 10 0 0 5 0 36 5 0 Grey .. .. .. .. 991 2 10 3,290 4 6 3,524 5 6 757 1 10 Hawke's Bay .. .. .. .. 0 10 0 0 10 0 Horowhenua .. .. .. .. 200 200 Inangahua .. .. .. 550 1 11 1,853 9 2 1,834 16 4 568 14 9 Kairanga .. .. .. 050 .. 050 Kaitieke .. .. .. .. .. 0 10 0 .. 0 10 0 Kiwitea .. .. .. .. .. 050 050 Lake .. .. .. .. 75 17 3 1,574 19 0 1,454 16 2 196 0 1 Makara .. .. .. .. .. 250 100 150 Manawatu .. .. .. 050 .. 050 Mangonui.. .. .. .. .. 500 500 Maniototo .. .. .. 65 16 0 716 18 7 631 10 11 151 3 8 Marlborough .. .. .. 47 12 0 266 8 10 293 12 10 20 8 0 Masterton .. .. .. .. 0 10 0 0 10 0 Murchison .. .. .. 110 2 4 639 16 4 665 18 1 84 0 7 Ohinemuri .. .. .. 145 4 10 472 0 11 464 9 0 152 16 9 Piako .. .. .. .. 19 13 3 | 60 12 1 60 19 10 19 5 6 Pohangina .. .. .. .. 0 10 0 0 10 0 Rangiora .. .. .. .. 050 .. 0 50 Rotorua .. .. .. .. 2 10 0 100 3 10 0 Southland .. .. .. 121 19 6 386 11 8 425 3 8 83 7 6 Stewart Island .. .. .. 2 86 200 486 Taieri .. .. .. .. 3 0 0 15 0 0 17 0 0 1 0 0 Takaka .. .. .. .. 9 2 0 125 19 2 112 1 9 22 19 5 Taranaki .. .. .. .. .. 050 050 Taumarunui .. .. .. .. 8 15 0 8 15 0 Thames .. .. .. .. 42 18 6 304 6 0 311 8 6 35 16 0 Tuapeka .. .. .. .. 75 13 2 735 14 8 741 6 10 70 1 0 Uawa . . .. .. .. .. 1 15 0 1 15 0 Vincent .. . . . . .. 173 5 8 2,458 18 5 2,037 2 4 595 1 9 Waihemo .. .. .. 12 0 6 153 11 7 110 7 1 55 5 0 Waikouaiti .. .. .. 150 19 00 550 15 00 Waimarino .. .. .. .. 050 050 Waimea .. .. .. .. 34 7 3 121 13 10 140 14 4 15 6 9 Wairoa .. .. .. .. 050 0 10 0 0 10 0 050 Waitaki .. .. .. .. 73 9 0 268 16 3 255 6 3 86 19 0 Waitomo .. .. .. .. .. 1 12 6 1 12 6 Wallace .. .. .. .. 54 6 0 243 8 2 267 4 9 30 9 5 Westland .. .. .. 240 12 5 2,496 12 6 2,494 0 7 243 4 4 Whakatane .. .. .. .. 0 10 0 0 10 0 Whangarei . . .. .. 2 16 0 36 9 5 32 15 4 6 10 1 3,187 0 8 17,883 8 1 17,525 8 6 3,545 0 3

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1 933-1 934.

SUMMARY of ACCOUNTS of LOCAL BODIES—continued.

29

' Balances on Rorpintc Payments and Balances on j 31st March, 1933. P * Transfers. 31st March, 1934. GOLDFIELDS REVENUE—continued. £ s. d. £ s. d. £ s. d. £ s. d. (Mining Act, 1926, Section 447.) Boroughs : — Cromwell .. .. .. .. .. 500 500 Gore .. .. .. .. .. 0 10 0 0 10 0 Greymouth .. .. .. 550 050 5 10 0 Hokitika .. .. .. .. 050 476 4 12 6 Kumara .. .. .. .. 3 15 0 550 850 0 15 0 Motueka .. .. .. .. 050 .. 050 Ross .. .. .. .. 20 2 6 161 4 10 160 2 7 2i' 4 9 Te Aroha .. .. .. .. 126 2 5 292 15 0 372 7 5 46 10 0 Thames .. .. .. .. 46 12 8 201 18 3 196 11 10 51 19 1 Waihi .. .. .. .. 144 9 5 824 13 6 885 18 7 83 4 4 Whangarei .. .. .. 020 .. 020 346 19 0 1,495 19 1 1,639 4 11 203 13 2 Town Board :— Cobden .. .. .. .. 100 0 15 0 115 0 10 0 0 15 0 1 15 0 Total, Goldfields Revenue .. 3,534 19 8 19,380 2 2 19,166 8 5 3,748 13 5 GOLD DUTY. | (Gold Duty Act, 1908, Section 12.) Counties : —• Coromandel .. .. .. .. 23 9 6 23 2 11 0 6 7 Grey .. .. .. .. 0 10 0 .. 0 10 0 Murchison .. .. .. 160 008 168 Ohinemuri .. .. .. 43 3 10 977 16 4 1,006 11 1 14 9 1 Piako .. .. .. .. 017 .. .. 017 Thames .. .. .. .. 5 7 8 15 4 4 .. 20 12 0 50 9 1 1,016 10 10 1,031 10 8 35 9 3 f Boroughs :— ■ ! Thames .. .. .. .. .. 105 16 2 100 2 3 5 13 11 Waihi .. .. .. .. .. 7,405 2 2 7,405 2 2 7,510 18 4 7,505 4 5 5 13 11 50 9 1 8,527 9 2 8,536 15 1 41 3 2 Less adjustments between accounts, being amount transferred from Waihi Borough to Ohinemuri County in terms of Order in Council dated 21st July, 1913 .. .. 350 0 0 350 0 0 Total, Gold Duty .. j 50 9 1 8,177 9 2 8,186 15 1 41 3 2 EEES AND FINES. (Auctioneers Act, 1928, Section 42.) Cities :—• Auckland .. .. .. 847 0 0 500 10 0 1,347 10 0 Christchurch .. .. .. .. 1,232 0 0 308 0 0 924 0 0 Dunedin .. .. .. .. i .. 1,019 10 0 1,019 10 0 Invercargill .. .. .. 500 10 0 423 10 0 500 10 0 423 10 0 Nelson .. .. .. .. 38 10 0 38 10 0 38 10 0 38 10 0 Palmerston North .. .. .. .. 172 10 0 172 10 0 Wanganui .. .. .. 154 0 0 269 10 0 269 10 0 154' 0 0 Wellington .. .. .. .. 1,809 10 0 1,809 10 0 1,540 0 0 5,465 10 0 5,465 10 0 1,540 0 0 Counties : — Akaroa .. .. .. .. .. 115 10 0 .. 115 10 0 ri 4 • • 38 10 0 .. 38 10 0 Ashburton .. .. .. 77 0 0 308 0 0 115 10 0 269 10 0 Awatere .. .. .. .. 38 10 0 .. 38 10 0 Bay of Islands .. .. .. .. 8 10 0 8 10 0 Carried forward .. I 115 10 0 470 10 0 162 10 0 423 10 ō

B.—l [PT. ll].

PUBLIC ACCOUNTS, 193 3-193 4.

SUMMARY of ACCOUNTS of LOCAL BODIES—continued.

30

Balance on t?«,.pWb Pnvinents Balance on 31st March, 1933. Receipts. Payments. 31st March; 1934 _ I . FEES AND FINES —continued. £ s. d. £ s. d. £ s. d. £ s. d. (Auctioneers Act, 1928, Section 42.) Counties —continued. Brought forward .. 115 10 0 470 10 0 162 10 0 423 10 0 Brace .. .. .. .. .. 38 10 0 38 10 0 Chatham Islands .. .. . . .. 8 10 0 8 10 0 Cheviot .. . . . . . . .. 77 0 0 .. 77 0 0 Clifton .. . . .. . . .. 38 10 0 .. 38 10 0 Eilesmere .. . . .. 115 10 0 .. 115 10 0 Geraldine.. .. .. .. .. 38 10 0 .. 38 10 0 Halswell .. . . . . . . .. 38 10 0 .. 38 10 0 Hauraki Plains .. . . .. 38 10 0 ■ • 38 10 0 Hawera .. .. .. . . .. 154 0 0 77 0 0 77 0 0 Hobson .. . . . . .. 47 0 0 47 0 0 Hokianga .. . . . . .. 8 10 0 8 10 0 Inglewood . . .. .. .. 154 0 0 115 10 0 38 10 0 Kaikoura ., .. ., .. .. 17 0 0 17 0 0 Kawhia .. .. .. .. .. 38 10 0 .. 38 10 0 Kiwitea .. .. .. .. .. 38 10 0 .. 38 10 0 Kowai .. .. . . .. .. 95 10 0 18 10 0 77 0 0 Levels .. .. .. .. .. 38 10 0 .. 38 10 0 Mackenzie .. . . .. 115 10 0 115 10 0 115 10 0 115 10 0 Malvern .. .. .. .. .. 77 0 0 .. 77 0 0 Mangonui. . .. .. .. .. 8 10 0 8 10 0 Marlborough .. . . .. 77 0 0 77 0 0 154 0 0 Masterton . . .. .. 38 10 0 38 10 0 77 0 0 Matamata . . .. .. 38 10 0 . . 38 10 0 Opotiki . . .. . . .. .. 47 0 0 38 10 0 8 10 0 Oroua .. .. .. .. .. 77 0 0 77 0 0 Oxford . . . , .. .. 77 0 0 .. 77 0 0 Paparua .. .. .. .. 38 10 0 .. 38 10 0 Piako .. .. . .. .. 38 10 0 .. 38 10 0 Raglan . . . . .. 38 10 0 .. 38 10 0 llodney .. .. .. .. .. 77 0 0 38 10 0 38 10 0 Southland .. .. . . 38 10 0 77 0 0 38 10 0 77 0 0 Stratford.. .. .. .. .. 115 10 0 77 0 0 38 10 0 Takaka .. .. .. .. .. 38 10 0 38 10 0 Taranaki .. .. .. .. 38 10 0 38 10 0 38 10 0 38 10 0 Tauranga .. .. .. 38 10 0 .. 38 10 0 Waikato .. .. .. . . 38 10 0 .. 38 10 0 Waimarino . . .. . . 38 10 0 .. 38 10 0 Waimate .. .. .. .. 38 10 0 77 0 0 77 0 0 38 10 0 Waimea .... .. .. .. 38 10 0 38 10 0 Waipa .. . . .. .. .. 38 10 0 .. 38 10 0 Wairewa .. . . .. .. .. 77 0 0 .. 77 0 0 Wairoa .. . . .. . . 8 10 0 25 10 0 25 10 0 8 10 0 Waitaki .. .. .. . . 192 10 0 192 10 0 192 10 0 192 10 0 Waitomo .. .. .. . . 38 10 0 38 10 0 38 10 0 38 10 0 Wanganui . . . . . . 38 10 0 38 10 0 38 10 0 38 10 0 Whakatane .. . . .. .. 8 10 0 . . 8 10 0 Whangarei . . . . .. 38 10 0 77 0 0 115 10 0 1,009 10 0 2,969 10 0 1,951 10 0 2,027 10 0 Boroughs:— Alexandra .. .. .. .. 38 10 0 38 10 0 Ashburton .. .. .. 77 0 0 211 0 0 134 0 0 154 0 0 Balclutha . . .. .. 38 10 0 192 10 0 231 0 0 Blenheim .. . . .. 77 0 0 192 10 0 269 10 0 Cambridge .. .. .. 115 10 0 115 10 0 115 10 0 115 10 0 Dannevirke .. .. .. .. 288 0 0 134 0 0 154 0 0 Dargaville .. .. .. .. 38 10 0 38 10 0 Devonport . . .. .. 38 10 0 .. 38 10 0 Feilding .. .. .. .. .. 115 10 0 115 10 0 Geraldine .. . . .. 38 10 0 38 10 0 38 10 0 38 10 0 Gisborne .. .. .. .. 231 0 0 77 0 0 308 0 0 Gore .. .. .. .. 77 0 0 539 0 0 423 10 0 192 10 0 Greymouth .. .. .. .. 38 10 0 38 10 0 Hamilton .. .. .. 231 0 0 231 0 0 231 0 0 231 0 0 Hastings .. .. .. .. 38 10 0 577 10 0 462 0 0 154 0 0 Hawera .. .. .. .. 38 10 0 57 0 0 57 0 0 38 10 0 Hokitika .. .. .. . . .. 154 0 0 154 0 0 Inglewood .. .. .. 38 10 0 .. 38 10 0 Levin .. .. .. . . .. 38 10 0 38 10 0 Lower Hutt .. .. .. •• 115 10 0 115 10 0 Carried forward .. 1,039 10 0 3,058 10 0 3,020 0 0 1,078 0 0 j

B.—l [Pt. ll]

PUBLIC ACCOUNTS, 1933-1934.

SUMMARY of ACCOUNTS of LOCAL BODIES—continued.

31

Balance on Hwehrta Balance on 31st March, 1933. receipts. iayments. 31st March, 1934. FEES AND FINES—continued. £ s. d. £ s. d. £ s. d. £ s. d. (Auctioneers Act, 1928, Section 42.) Boboughs—continued. Brought forward ., 1,039 10 0 3,058 10 0 3,020 0 0 1,078 0 0 Lyttelton .. .. .. . . 38 10 0 .. 38 10 0 Marton .. .. .. .. 77 0 0 .. 77 0 0 Masterton .. .. .. 77 0 0 192 10 0 269 10 0 Milton .. .. .. .. .. 115 10 0 115 10 0 Morrinsville .. .. .. .. 38 10 0 .. 38 10 0 Motueka .. .. .. .. .. 38 10 0 38 10 0 Napier .. .. .. .. .. 192 10 0 115 10 0 77 0 0 New Plymouth .. .. .. 154 0 0 154 0 0 269 10 0 38 10 0 Ngaruawahia .. .. . . 38 10 0 .. 38 10 0 Oamaru .. .. .. .. 115 10 0 154 0 0 154 0 0 115 10 0 Opotiki .. .. .. .. .. 8 10 0 .. 8 10 0 Otahuhu .. .. .. .. 77 0 0 .. 77 0 0 Pahiatua .. .. .. .. ! .. 38 10 0 .. 38 10 0 Picton .. .. .. .. .. 38 10 0 38 10 0 Pukekohe.. .. .. .. 115 10 0 38 10 0 154 0 0 Raetihi .. .. .. .. 38 10 0 38 10 0 38 10 0 38 10 0 Rangiora .. .. . . .. .. 154 0 0 38 10 0 115 10 0 Riccarton.. .. .. .. .. 115 10 0 .. 115 10 0 Riverton .. .. .. .. 38 10 0 38 10 0 38 10 0 38 10 0 Rotorua .. .. .. .. .. 115 10 0 115 10 0 Roxburgh .. .. .. .. 77 0 0 77 0 0 Stratford .. .. .. .. 77 0 0 .. 77 0 0 Taumarunui .. .. .. 231 0 0 154 0 0 231 0 0 154 0 0 Tauranga .. .. .. .. 38 10 0 38 10 0 Te Aroha .. .. .. 38 10 0 38 10 0 38 10 0 38 10 0 Te Awamutu .. .. .. 38 10 0 154 0 0 77 0 0 115 10 0 Te Kuiti .. .. .. .. .. 77 0 0 38 10 0 38 10 0 Temuka .. .. .. .. 38 10 0 77 0 0 77 0 0 38 10 0 Thames .. .. .. .. .. 38 10 0 38 10 0 Timaru .. .. .. .. 385 0 0 326 10 0 403 10 0 308 0 0 Waihi .. .. .. .. 38 10 0 38 10 0 38 10 0 38 10 0 Waimate .. .. .. .. 38 10 0 115 10 0 115 10 0 38 10 0 Waipukurau .. .. .. 38 10 0 77 0 0 77 0 0 38 10 0 Wairoa .. .. .. .. .. 8 10 0 8 10 0 Westport .. .. .. .. 38 10 0 38 10 0 77 0 0 Whakatane .. .. .. .. 8 10 0 .. 8 10 0 Whangarei .. .. .. .. 57 0 0 57 0 0 Winton .. .. .. .. 154 0 0 77 0 0 154 0 0 77 0 0 2,887 10 0 5,970 0 0 6,222 10 0 2,635 0 0 Town Boards :— Edendale . . .. . . .. 77 0 0 77 0 0 Johnsonville .. .. .. .. 77 0 0 77 0 0 Kaitaia .. .. .. .. .. 8 10 0 8 10 0 !! Kamo .. .. .. .. .. 77 0 0 77 0 0 Kawakawa .. .. .. .. 8 10 0 8 10 0 Matamata .. .. .. 77 0 0 38 10 0 77 0 0 38 10 0 Otautau .. .. .. .. 38 10 0 .. 38 10 0 Otorohanga .. .. .. .. 38 10 0 38 10 0 Papakura .. .. .. 77 0 0 .. 77 0 0 Tuakau .. .. .. .. 38 10 0 .. 38 10 0 Wyndham .. .. .. 115 10 0 38 10 0 115 10 0 38 10 0 346 10 0 363 10 0 633 0 0 77 0 0 Total, Eees and Fines .. j 5,783 10 0 | 14,768 10 0 14,272 10 0 j 6,279 10 0 j STAMP DUTY ON INTEREST. i (National Expenditure Adjustment Act, 1932, Section 47.) Various local bodies .. .. .. 40,000 0 0 90,000 0 0 120,739 2 4 9,260 17 8 - _ —— —- ADVANCE ACCOUNTS. (Public Revenues Act, 1926, Section 146.) Patea-Waitotara Rabbit Board . . 1 . . . . 400 0 0 Dr. 400 0 0 |

B. —1 [Pt. ll].

PUBLIC ACCOUNTS, 1933-1934.

SUMMARY of DEPOSITS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1934.

32

I Dpnnsit, Amounts Balances on Payments and Balances on Deposit Accounts. | 31gt March5 1933 Receipts. Transfers. 31st March, 1934. I £ s. d. £ s. d. £ s. d. £ s. d. Auctioneers Act, 1928, section 8 .. 680 4 8 .. 632 17 6 47 7 2 Coal-mines Amendment Act, 1922, section 23 10 0 0 .. 10 0 0 Dairy-produce Export Control Act, 1923 .. 6,831 3 1 72,808 1 3 73,383 7 2 6,255 17 2 Deposits on Contracts .. .. .. 35 0 0 1,616 10 0 1,621 10 0 30 0 0 Distribution of Wool Profits .. .. 2,417 13 .. .. 2,417 1 3 Earthquake Relief Fund (West Coast) .. 778 13 060 60 00 718 7 3 Education Reserves Act, 1928— Sales of Land under section 27— Primary Education Endowments .. 17,067 4 11 658 14 8 .. 17,725 19 7 Secondary Education Endowments — Auckland Provincial District .. 443 18 7 16 1 2 .. 459 19 9 Taranaki Provincial District .. 264 14 0 .. .. 264 14 0 Hawke's Bay Provincial District .. 24 7 2 .. .. 24 7 2 Otago Provincial District .. . . 389 14 5 14 18 4 .. 404 12 9 Primary Education Endowment Deposit Account .. .. .. .. .. 100,969 19 6 100,969 19 6 Secondary Education Endowment Deposit Accounts — Auckland Provincial District .. .. 859 15 11 3,231 17 6 3,020 19 2 1,070 14 3 Taranaki Provincial District .. .. 479 4 11 1,029 8 4 1,065 19 11 442 13 4 Wellington Provincial District .. 575 15 6 3,079 5 10 2,498 2 4 1,156 19 0 Hawke's Bay Provincial District .. 555 19 2 2,080 3 8 1,771 0 4 865 2 6 Nelson Provincial District .. .. 229 14 6 474 12 5 478 19 0 225 7 11 Marlborough Provincial District .. 35 0 0 81 6 4 77 11 4 38 15 0 Otago Provincial District .. .. 991 7 5 2,258 4 5 2,109 0 10 1,140 11 0 Fisheries Act, 1908 .. .. .. 006 .. .. 006 General Assembly Library Fund .. .. .. 45 0 0 .. 45 0 0 General Purposes Relief Account .. .. 24,590 0 3 1,644 1 6 1,892 18 4 24,341 3 5 Gold Duty Suspense Account .. .. 3,240 19 1 2,788 9 4 485 6 4 5,544 2 1 Greymouth and Hokitika High School Acts, 1883 .. .. .. .. .. 3 1 6 248 10 9 245 16 7 5 15 8 Hauraki Plains Drains Deposit Account .. 10 0 0 .. ■ . 10 0 0 Hawke's Bay Earthquake Relief Fund .. 68 6 5 20 8 9 88 15 2 Honey-export Control Act, 1924 .. .. 0 9 2 428 4 3 426 19 8 1 13 9 Hospitals and Charitable Institutions Act, 1926 19 6 3 547 17 9 463 4 10 103 19 2 Hunter Soldiers'Assistance Trust Account .. 5,761 12 8 1,058 12 3 1,779 3 4 5,041 1 7 Immigration Restriction Act, .1908 .. 1,280 0 0 1,420 0 0 1,360 0 0 1,340 0 0 Imperial Pensions .. .. .. 34,323 13 7 221,250 0 0 223,168 4 5 32,405 9 2 Imperial Stamps and Postal Orders .. 768 14 6 743 5 0 1,392 17 0 119 2 6 Interest on Cash Balance Investments Account 2,772 6 7 62,410 4 4 63,262 16 5 1,919 14 6 Kauri-gum Control Act, 1925 .. .. 53 19 11 607 14 9 615 4 11 46 9 9 Maori Unemployment .. .. .. .. 13,234 14 9 13,234 14 9 Meat-export Control Act, 1921-22 .. .. 4,187 0 8 36,257 9 2 36,465 13 11 3,978 15 11 Mining Act, 1926 .. .. .. 272 13 5 264 18 11 428 13 4 108 19 0 Miscellaneous .. .. .. .. 60,602 3 9 307,660 11 1 307,158 16 7 61,103 18 3 Money-order Settlement Account .. .. 2,493 9 10 32,661 19 2 8,397 9 8 26,757 19 4 Moumahaki Endowment— Revenue Account .. .. .. 49 13 10 582 8 10 542 11 0 89 11 8 Capital Account .. .. .. 994 12 10 •. . . 994 12 10 Naval Remittances .. .. .. 1,783 17 8 10,198 13 2 9,606 16 4 2,375 14 6 Naval Savings-bank Deposit Account .. 59 19 8 2,776 13 3 2,674 19 3 161 13 8 Nelson Rifle Prize Fund .. .. .. 1,086 0 0 43 5 5 40 0 0 1,089 5 5 Nelson Rifle Prize Fund Investment . . Dr. 1,000 0 0 .. .. Dr. 1,000 0 0 New Zealand Reparation Estates .. .. 286 0 0 678 7 6 964 7 6 New Zealand University Endowment — Westland .. .. .. .. 2,763 5 0 212 17 3 5 7 7 2,970 14 8 North Island Experimental Dairy School .. 10,536 16 I 563 8 2 26 0 9 11,074 3 6 Official Assignees'Balances .. .. .. 17,927 8 6 200 0 0 17,727 8 6 Orchard-tax Act, 1927 1,277 9 7 2,143 13 11 2,550 17 7 870 5 11 Payments through the High Commissioner .. 1,268 3 3 64,948 18 10 52,426 12 4 13,790 9 9 Promotion of Health Fund .. .. .. 822 16 10 822 16 10 Receipts by the High Commissioner for Payment in New Zealand .. .. .. 7,067 18 I 34,802 1 6 41,757 4 7 112 15 0 Receiver-General's Deposit Account .. 66,000 0 0 40,000 0 0 10,000 0 0 96,000 0 0 Reserve Bank Shares .. .. .. 651,558 0 0 267,038 0 0 384,520 0 0 Samoan Loan Sinking Fund Account .. 11 9 II 3,107 4 8 3,000 0 0 118 14 7 Samoan Notes Security Account .. .. 32,000 0 0 1,784 13 2 1,784 13 2 32,000 0 0 Samoan Treasury Account .. .. 9,674 13 9 31,193 15 9 23,705 6 9 17,163 2 9 Taranaki Scholarships Endowment Account .. 331 7 2 927 0 8 861 9 10 396 18 0 Tauranga Educational Endowment Reserves Act, 1896 .. .. .. .. •. 193 14 11 193 14 11 Thermal Springs Districts Act, 1910 .. 1319 52 70 .. 65 89 Trustee Act, 1908 .. .. .. 7,446 18 11 479 8 11 .. 7,926 7 .10 Unclaimed Earnings . . .. .. 725 11 10 870 14 2 997 6 0 599 0 0 Unpresented Cheques .. .. .. 155 17 10 183 3 5 210 5 6 128 15 9 Victoria College Endowments Deposit Account .. 29 19 6 1 10 0 28 9 6 Weraroa Agricultural Endowment Account — Revenue Account .. .. .. 1,547 6 1 1,169 5 6 57 3 11 2,659 7 8 Capital Account .. .. .. 772 6 0 .. .. 772 6 0 Wheat Research Levies .. .. .. 397 13 9 2,316 3 10 1,583 7 11 1,130 9 8 Totals .. .. .. 318,366 7 10 1,741,177 15 10 1,269,616 14 1 789,927 9 7

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 19 3 3-1 9 34.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1934.

3—B. 1 [PT. ITJ.

33

Particulars of Particulars of Total Receipts i Total Disbursements Receipts. Disbursements. lor Year. | for Year. Auctioneers Act, 1928, Section 8. £ s. d. I £ s. d. £ s d £ d Balance, 1st April, 1933 .. .. .. .. , _ 4" g Compensation for loss .. .. .. ., 534." 3 4 Costs and expenses . . .. . . ,. 48 14 2 Balance, 31st March, 1934 ,. .. .. | _ " "47 *7 2 I 680 4 8 680 4 8 Coal-Mines Amendment Act, 1922, Section 23. Balance, 1st April, 1933.. .. .. 10 0 0 Transfer to miscellaneous revenue .. .. 10 0 0 .. 10 0 0 10 0 0 10 0 0 => == Dairy-hroduoe Export Control Act, 1923. Balance, 1st April, 1933 .. .. .. .. ., g ggj 3 1 Levy on export .. .. .. .. 72,808 1* 3 „ . . , 72,808 1 3 JPayments to Board . . .. .. ., 72 649 10 g Transfer to Customs Vote—Cost of collecting, &c - ■■ ■■ ■■ ■■ ■■ .. 733 16 9 Balance, 31st March, 1934 .. .. .. [[ 7 (!'2ō5 17 2 79,639 4 4 79,639 4 4 ! - ___ . , : , , , r- I I Deposits on Contracts. Balance, 1st April, 1933 .. .. .. .. _ _ 35 0 0 Deposits on account of contracts .. .. 1,616 10 0 V> f J £ J r i ' '• 1,616 10 0 -Kelunds of deposits on account of contracts.. ! .. 1,621 10 0 Balance, 31st March, 1934 .. .. j .. . _ " 1 *'"30 0 ! 1,651 10 0 1,651 10 0 Earthquake Reliee Fund (West Coast). Balance, 1st April, 1933 .. .. .. .. 778 j 3 Amount repaid by Commissioner of Crown Lands, Nelson .. .. .. 0 6 0 Expenditure on restoration of earthquake damage, and towards replacement of loss, &c. .. 60 0 0 Balance, 3.1st March, 1934 .. .. .. . _ ' ' jj* 778 7 3 778 7 3 • Education Reserves Act, 1928 : Sales oe Land under Section 27. Primary Education Endowments. Balance, 1st April, 1933— Cash .. .. .. .. 5,217 4 11 Investments .. .. .. .. 11,850 0 0 a 1 n j •• 17,067 4 11 Sales 01 land .. .. ., .. 45 10 0 Interest on investments .. .. .. 613 4 8 Balance, 31st March, 1934 — 11 8 Cash .. .. .. .. .. 5,875 19 7 Investments .. .. .. .. .. 11,850 0 0 .. 17,725 19 7 17,725 19 7 j 17,725 19 7 1 1 •In addition to this cash balance, £1,591 17s. was held by the Public Trustee in the Common Fund at 31st March, 1934.

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

34

Particulars of Particulars of Total Receipts Total Disbursements Receipts. Disbursements. I for Year, for Year. [ I Education Reserves Act, 1928: Sales of £ s. d. £ s. d. £ s. d. £ s. d. Land under Section 27—continued. Secondary Education Endowments : Auckland Provincial District. Balance, 1st April, 1933 — Cash .. .. .. .. 143 18 7 Investments .. .. .. .. 300 0 0 — .. 443 18 7 Interest on investments .. .. .. 16 1 2 .. 16 1 2 Balance, 31st March, 1934— Cash .. 159 19 9 Investments .. .. .. .. .. 300 0 0 — .. 459 19 9 459 19 9 459 19 9 Secondary Education Endowments : Otaqo Provincial District. Balance, 1st April, 1933— Cash .. .. .. .. 89 14 5 Investments .. .. .. .. 300 0 0 —. .. 389 14 5 Interest on investments .. .. .. 14 18 4 .. 14 18 4 Balance, 31st March, 1934 — Cash .. .. .. .. .. 104 12 9 Investments .. .. .. .. .. 300 0 0 .. 404 12 9 404 12 9 404 12 9 Primary Education Endowment Deposit Account. Kents .. .. .. .. .. 100,160 17 8 Interest on funds held by Public Trustee .. 809 1 10 .. 100,969 19 6 Payments under Education Reserves Act, 1928— Section 30 (2), transfer to Vote " Education " for primary-education purposes .. .. 96,446 12 6 Section 31 (1), administration expenses .. .. 4,354 19 5 Section 31 (3), maintenance, repairs, &c. .. .. 108 7 10 Section 31 (3), surveys and permanent improvements .. .. .. .. 39 19 9 Refunds arising out of the operation of section 6 of the Deteriorated Lands Act, 1925 : Rents .. .. .. .. .. 20 0 0 .. 100,969 19 6 100,969 19 6 100,969 19 6 Secondary Education Endowment Deposit Accounts. Auckland Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 859 15 11 Rents .. .. .. .. .. 3,231 17 6 .. 3,231 17 6 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 2,867 5 11 Section 31 (1), administration expenses .. .. 150 18 3 Section 31 (3), maintenance, repairs, &c. .. .. 2 15 0 .. . 3,020 19 2 Balance, 31st March, 1934 .. .. .. .. .. 1,070 14 3 4,091 13 5 4,091 13 5

B. —1 [PT. ll]

PUBLIC ACCOUNTS, 1933-1 93 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS —continued.

35

* Particulars of Particulars of Total Receipts Total Disbursements Receipts. Disbursements. for Year. for Year. £ s. d. £ s. d. £ s. d. £ s. d. Secondary Education Endowment Deposit Accounts —continued. Taranalci Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 479 4 11 Rents .. .. .. . ■ .. 1,001 11 2 Interest on funds held by Public Trustee .. 27 17 2 .. 1,029 8 4 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 1,013 2 11 Section 31 (1), administration expenses .. .. 51 14 3 Section 31 (3), maintenance, repairs, &c. .. .. 12 9 .. 1,065 19 11 Balance, 31st March, 1934 .. .. .. .. .. 442 13 4 1,508 13 3 1,508 13 3 Wellington Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 575 15 6 Rents 3,079 5 10 .. 3,079 5 10 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 2,373 19 6 Section 31 (1), administration expenses .. .. 124 2 10 .. 2,498 2 4 Balance, 31st March, 1934 .. .. .. .. .. 1,156 19 0 3,655 1 4 3,655 1 4 Hawke's Bay Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 555 19 2 Rents .. .. .. .. .. 2,080 3 8 .. 2,080 3 8 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 1,653 14 6 Section 31 (1), administration expenses .. .. 110 19 10 Section 31 (3), maintenance, repairs, &c. .. .. 6 6 0 .. 1,771 0 4 Balance, 31st March, 1934 .. .. .. .. .. 865 2 6 2,636 2 10 2,636 2 10 Nelson Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 229 14 6 Rents .. .. ■. .. • • 474 12 5 .. 474 12 5 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 455 0 0 Section 31 (1), administration expenses .. .. 23 19 0 .. 478 19 0 Balance, 31st March, 1934 .. .. .. .. .. 225 7 11 704 6 11 704 6 11 Marlborough Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 35 0 0 Rents .. .. .. . ■ ■. 81 6 4 .. 81 6 4 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 73 13 10 Section 31 (1), administration expenses .. .. 3 17 6 — .. 77 11 4 Balance, 31st March, 1934 .. .. .. .. • . 38 15 0 116 6 4 116 6 4 3*

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933- 1 934.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

36

Particulars of Particulars of Total Beceipts Total Disbursements Receipts. Disbursements. for Year. for Year. Secondary Education Endowment Deposit £ s. d. £ s. d. £ s. d. £ s. d. Accounts —continued. Otago Provincial District. Balance, 1st April, 1933 .. .. .. .. .. 991 7 5 Rents .. ... .. .. .. 2,258 4 5 — .. 2,258 4 5 Payments under Education Reserves Act, 1928— Section 30 (3), payments to secondary schools .. 2,050 17 9 Section 31 (1), administration expenses .. .. ; 58 3 1 i .. 2,109 0 10 Balance, 31st March, 1934 .. .. .. | .. .. 1,140 11 0 3,249 11 10 3,249 11 10 : . ; General Assembly Library Fund. Fees for Private Bills .. .. .. 45 0 0 i .. 45 0 0 Balance, 31st March, 1934 ,. .. .. .. ., 45 0 0 45 0 0 45 0 0 General Purposes Relief Account. Balance. 1st April, 1933 — Cash.. .. .. .. .. 15,340 0 3 Investments.. .. .. .. 9,250 0 0 .. 24,590 0 3 Finance Act, 1932, section 6 (4) — Repayment of advances— l?ire relief .. .. .. .. 106 10 0 Flood relief .. .. .. .. 403 12 9 Frost relief .. .. .. .. 56 13 10 Hailstorm relief .. .. .. 43 18 4 In aid of works of production—■ Hikurangi Coal Co., Ltd. .. .. 0 10 Lime-supply .. .. .. 12 17 9 Moutere Halls orchardists .. .. 3 14 Interest on advances— Waimarino bush-fire relief .. .. 59 15 0 Fire relief .. .. .. .. 44 5 5 Flood relief .. .. .. .. 56 15 4 Frost relief .. .. .. .. 31 12 2 Hailstorm relief .. .. .. 21 19 5 In aid of works of production— Hikurangi Coal Co., Ltd. .. .. 385 9 7 Lime-supply .. .. .. 1 13 4 Moutere Hills orchardists .. .. 0 17 7 Receipts from sales or leases of land or interests in land or property acquired under mortgage or other security— In aid of works of production— Assistance to cider manufacturers .. 16 5 5 Interest on investments .. .. 398 13 3 j 1 .. 1,644 1 6 Finance Act, 1932, section 6 (3) — Advances— Earthquake relief .. .. .. .. 350 0 0 Frost relief .. .. .. ,. .. 4 13 6 In aid of works of production— Hikurangi Coal Co., Ltd. .. .. .. 538 4 10 Finance Act, 1932 (No. 2), section 5 (2) — Interest recouped to Consolidated Fund .. .. 1,000 0 0 .. lj892 18 4 Balance, 31st March, 1934— Gash .. .., .. .. .. 15,091 3 5 Investments .. .. .. .. .. 9,250 0 0 .. 24,341 3 5 26,234 1 9 26,234 I 9

B.—l [PT. ll]

PUBLIC ACCOUNTS, 1933-1 9 3 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

37

Particulars oi I Particulars of j Total Receipts | Total Disbursements | Beceipts. Disbursements. lor Year. j for Year. Gold Duty Suspense Account. £ s. d. £ s. d. £ s. d. £ s. d. Balance, 1st April, 1933 —■ Ohinemuri County .. .. .. 1,112 5 1 j Piako County .. .. .. .. 0 12 0 Waihi Borough .. .. .. 2,128 2 0 .. 3,240 19 1 Amounts retained from Gold Duty towards satisfaction of charge under section 18 of Waihou and Ohinemuri Rivers Improvement Act, 1910— Ohinemuri County .. .. .. 733 7 2 Waihi Borough .. .. .. 2,055 2 2 .. 2,788 9 4 Payment to local body of amount retained in excess of requirements— Ohinemuri County .. .. .. .. 485 6 4 — .. 485 6 4 Balance, 31st March, 1934 — Ohinemuri County .. .. .. .. 1,360 5 11 Piako County .. .. .. .. .. 0 12 0 Waihi Borough .. .. .. .. 4,183 4 2 — .. 5,544 2 1 6,029 8 5 6,029 8 5 Greymouth and Hokitika High School Acts, 1883. Balance, 1st April, 1933 .. .. .. .. .. 316 Rents .. .. .. .. .. 248 10 9 .. 248 10 9 Section 50 (3), Finance Act, 1932, — Payments to Consolidated Fund under section 31, Education Reserves Act, 1928— Subsections (1) and (2) —Administration expenses .. .. .. .. .. 13 6 7 Section 50 (1), Finance Act, 1932, — Refund to Consolidated Fund in respect of amounts expended under section 29, Education Reserves Act, 1928 — Principal .. .. .. .. .. 200 0 0 Interest .. .. .. .. .. 32 10 0 .. 245 16 7 j Balance, 31st March, 1934 .. .. .. 5 15 8 251 12 3 251 12 3 Hawke's Bay Earthquake Relief Fund. Balance, 1st April, 1933, — Gisborne-Wairoa .. . . .. .. .. j 68 6 5 Contributions, —• ' Hawke's Bay . . .. . . .. ! 7 10 6 Gisborne-Wairoa .. .. .. 12 18 3 .. 20 8 9 Payments to Public Trustee,— Hawke's Bay .. . . .. .. .. 7 10 6 Gisborne-Wairoa .. .. .. .. 81 4 8 .. 88 15 2 88 15 2 88 15 2 Honey-export (Jontuol Act, 1924. Balance, 1st April, 1933 .. .. .. .. .. 092 Levy on export .. .. .. .. 428 4 3 .. 428 4 3 Payments to Board .. .. .. " .. 405 12 9 Transfer to Customs Vote —Cost of collecting &o. .... • ... .. .. .. .. 21 6 11 .. 426 19 8 Balance, 31st March, 1934 .. .. .. .. .. 1 13 9 j 428 13 5 428 13 5

B. —1 [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

38

Particulars of Particulars of Total Receipts Total Disbursements — Receipts. Disbursements. for Year. for Year. Hospitals and Charitable Institutions £ s. d. £ s. d. £ s. d. £ s. d. Act, 1926. Balance, 1st April, 1933 —- Auckland Hospital Board .. .. 0 10 Waikato Hospital Board .. ■ • 19 5 3 .. 19 o 3 Rates collected— Marlborough Hospital Board .. .. 248 12 9 Waikato Hospital Board .. .. 299 5 0 Payments to Hospitals Boards— Marlborough Hospital Board .. .. • • 230 16 2 Waikato Hospital Board .. .. .. 166 8 8 Transfer to Vote "Valuation" for cost of levying rates—• Marlborough Hospital Board .. .. • • 16 0 0 Waikato Hospital Board .. .. • • SO 0 0 .. 66 0 0 Balance, 31st March, 1934— Auckland Hospital Board .. .. • • 0 10 Marlborough Hospital Board .. • • • • 1 16 7 Waikato Hospital Board .. . • • • 102 1 7 567 4 0 567 4 0 Hunter Soldiers' Assistance Trust Account. Balance, 1st April, 1933 —■ Cash . . .. .. .. • • 326 12 8 Investments .. .. .. .. 5,435 0 0 .. 5,761 12 8 Rents .. .. .. . • • • 610 15 9 Repayment of advances .. .. .. 152 16 0 Interest on advances .. .. .. 45 9 5 Interest on investments .. .. .. 249 11 1 .. 1,058 12 3 Hunter Gift for the Settlement of Discharged Soldiers Act, 1921 — Section 6 (a), expenses .. .. .. • • 49 9 9 Section 6 (b), advances .. .. .. ■ • 1,468 18 5 Section 6 (6), grants .. .. .. ■ • 125 0 0 Land Act, 1924, section 139 — "Thirds" and "fourths" paid to Local Bodies' Deposit Accounts .. .. . 135 15 2 F .. 1,779 3 4 Balance, 31st March, 1934 — Cash .. .. .. .. .. • • 606 1 7 Investments .. .. .. .. 4,435 0 0 .. 5,041 1 7 6,820 4 11 6,820 4 11 Immigration Restriction Act, 1908. Balance, 1st April, 1933 .. .. .. •• 1,280 0 0 Deposits made by aliens .. . .. 1,420 0 0 .. 1,420 0 0 Repavments to aliens .. .. .. .. 1,360 0 0 .. 1,360 0 0 Balance, 31st March, 1934 .. .. .. •• •• 1,340 0 0 2,700 0 0 2,700 0 0 Imperial Pensions. Balance, 1st April, 1933 .. .. .. •• •• 34,323 13 7 Amounts received from Imperial Government for payment of pensions, &c. .. .. 177,000 0 0 Exchange (including retrospective exchange).. 44,250 0 0 — —■ .. 221,250 0 0 Pensions, &c., paid in New Zealand .. .. 218,180 2 8 Commission transferred to Vote "Pensions " .. 3,587 15 9 Commission paid to Post Office .. .. .. 1,400 6 0 .. 223,168 4 5 Balance, 31st March, 1934 .. .. .. . • • • 32,405 9 2 255,573 13 7 255,573 13 7

B.—l [PT. ll],

PUBLIC ACCOUNTS, 1933-193 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS —continued.

39

Particulars of Particulars of Total Receipts Total Disbursements Receipts. Disbursements. for Year. for Year. Imperial Stamps and Postal Orders. £ s. d. £ s. d. £ s. d. £ s. d. Balance, 1st April, 1933 .. .. .. .. • • 768 14 6 Stamps and postal orders supplied to H.M. New Zealand ships by the Admiralty .. 743 5 0 — .. 743 5 0 Postal orders paid .. .. .. .. 1,392 17 0 F .. 1,392 17 0 Balance, 31st March, 1934 .. .. • • • • ■ • 2 6 1,511 19 6 1,511 19 6 Interest on Cash Balance Investments Account. Balance, 1st April, 1933 .. .. .. •• •• 2.772 6 7 Interest on investments in New Zealand .. 3,657 6 10 Interest on investments in London .. 58,752 17 6 .. 62,410 4 4 Amounts credited to Ordinary Revenue Account .. .. .. •• .. 45,828 15 6 Amounts credited to other accounts .. .. 17,428 6 0 Amounts paid to the State Advances Office.. .. 51411 F .. 63,262 16 5 Balance, 31st March, 1934 .. .. .. •• •• 1,919 14 6 65,182 10 11 65,182 10 11 Kauri-gum Control Act, 1925. Balance, 1st April, 1933 .. .. .. •• •• 53 19 11 Levy on export .. .. .. ■ ■ 607 14 9 J .. 607 14 9 Payments to Board .. .. .. .. 609 1 9 Transfers to Customs Vote —Cost of collection, &c 6 3 2 .. 615 4 11 Balance, 31st March, 1934 .. .. .. • • • • 46 9 9 661 14 8 661 14 8 Maori Unemployment. . Grants from Unemployment Board .. 13,234 14 9 .. 13,234 14 9 Subsidies on labour contracts .. .. .. 13,234 14 9 .. 13,234 14 9 13,234 14 9 13,234 14 9 Meat-export Control Act, 1921-22. Balance, 1st April, 1933 .. .. .. 4,187 0 8 Levy on export 36,257 9 2 .. 36,257 9 2 Payments to Board .. .. .. • • 36,103 2 4 Transfers to Customs Vote —Cost of Collecting- &c • • • • • • • • 362 11 7 ing, «e. .. 36,465 13 11 Balance, 31st March, 1934 .. .. .. •• 3,978 15 11 40,444 9 10 40,444 9 10 Mining Act '1926. Balance, 1st April, 1933 — Thames and Coromandel Native Account.. 96 13 6 Thames and Coromandel European Account 32 7 4 Thames High School .. .. • • 139 12 7 Greymouth Harbour Board .. .. 4 0 0 - . . a/A lO u • • Goldfields revenue received under section 25 (c), Mining Act, 1926, payable to Native and European owners, and special endowments — Section 447 (5), Mining Act, 1926 — Thames and Coromandel Native Account 117 17 2 Thames and Coromandel European Account .. .. .. . ■ • 103 10 7 Section 6, Thames Boys' and Girls' High School Act, 1878- — Thames High School .. .. •• 43 112 10 n -— . . 104 lo 11 Carried forward.. .. .. •• ®37 12 4

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS-continued.

40

Particulars ol Particulars of Total Beceipts I Total Disbursements lteceipts. Disbursements. for Year. ! for Year. Mining Act, 1926—continued. £ s. d. £ s. d. £ s. d. I £ s d Brought forward .. .. .. . _ 537 J2' 4 Revenues paid over under section 447 (5), Mining Act, 1926, to— Waikato - Maniapoto District Maori Land Board, in terms of section 344 of the Native Land Act, 1931 — Thames and Coromandel Native Account ' .. 154 18 11 European owners— Thames and Coromandel European Ac- j " , count •• •• .. 102 10 8 Section 6: Thames Boys' and Girls' High School Act, 1878— Thames High School .. .. .. .. 167 3 9 Section 7 : Greymouth Harbour Board Act, 1884 —■ Greymouth Harbour Board .. .. .. 4 0 0 Balance, 31st March, 1934— '' Thames and Coromandel Native Account.. .. 59 11 9 Thames and Coromandel European Account .. 33 7 3 Thames High School .. . . .. . . 16 0 0 — — .. 108 19 0 537 12 4 537 12 4 Miscellaneous Deposits. Balance, 1st April, 1933 .. .. .. .. _ _ g0 602 3 9 Receipts .. .. .. .. 307,660 11 1 — .. 307,660 11 1 Payments .. .. .. .. .. 307,158 16 7 t> 1 „ 14M , in .„ I — •• 307,158 16 7 Balance, 31st March, 1934 .. .. .. .. 61 103 18 3 ___ 368,262 14 10 368,262 14 10 Money-order Settlement Account. Balance, 1st April, 1933 .. .. .. .. , _ 2 493 9 10 Amounts received for settlement of moneyorder transactions on behalf of the Post Office 32,661 19 2 „ .. 32,661 19 2 Payments .. .. .. .. .. 8;397 9 8 Balance, 31st March, 1934 .. .. .. " 26'757 19 4 35,155 9 0 35,155 9 0 Moumahaki Endowment. Revenue Account. Balance, 1st April, 1933 .. .. .. .. I ,. 49 13 10 Reserves and other Lands Disposal and Public Bodies Empowering Act, 1924, section 130 — Rents from leases .. .. .. 498 5 6 Proceeds from sales of assets .. .. 48 6 4 Interest on investments .. .. .. 35 17 0 D - , TT ci . . —— •. 582 8 10 Ketund to Vote Agriculture ol expenditure on agricultural instruction chargeable against the endowment—• Section 130 (3), Reserves, &c., Act, 1924 .. .. 517 12 10 Administration expenses under Land Laws Amendment Act, 1927, section 4.. .. .. 24 18 2 Balance, 31st March, 1934 .. .. ° J j g 632 2 8 632 2 8 Naval Remittances. Balance, 1st April, 1933— H.M.S. " Diomede " .. .. .. 773 0 9 H.M.S. " Dunedin" .. .. .. 821 11 3 H.M.S. " Philomel" .. .. ..I 189 5 8 • • 1 783 17 '8 Remittances from officers and ratings of the ' ' . . ." New Zealand Division of the Royal Navy— H.M.S. " Diomede" .. .. 4 656 13 4 H.M.S. "Dunedin" .. .. .. 4'348 10 11 H.M.S. " Philomel" .. .. .. 1,193 8 11 ; .. 10,198 13 2 Carried forward .. .. .. .. ! 11,982 10 10

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 193 3-193 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

41

Particulars of Particulars of Total Receipts I Total Disbursements Receipts. Disbursements. for Year. for Year. Naval Remittances —continued. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. .. 10 10 Payments through the Admiralty — H.M.S. "Diomede" .. .. .. ,. 4,347 4 1 H.M.S. "Dunedin" .. .. .. .. 4,169 4 2 H.M.S. "Philomel" .. .. .. .. 1,090 8 1 .. 9,606 16 4 Balances, 31st March, 1934 — H.M.S. " Diomede" .. .. .. .. 1,082 10 0 H.M.S. "Dunedin" .. .. .. .. 1,000 18 0 H.M.S. "Philomel" .. .. .. .. 292 6 6 .. 2,375 14 6 11,982 10 10 11,982 10 10 Naval Savings-bank Deposit Account. Balance, 1st. April, 1933— H.M.S." Diomede" .. .. .. Dr. 14' 0 0 H.M.S. " Dunedin" .. .. .. 73 19 8 1 — .. 59 19 8 Lodgments by officers and ratings of the New Zealand Division of the Royal Navy — H.M.S. " Diomede" .. .. .. 844 13 2 H.M.S. "Dunedin" .. .. .. 1,932 0 1 .. 2,776 13 3 Withdrawals — H.M.S. "Diomede" .. .. .. .. 762 14 1 H.M.S. "Dunedin" .. .. .. .. 1,912 5 2 — .. 2,674 19 3 Balance, 31st March, 1934 — H.M.S. "Diomede" .. .. .. .. 67 19 1 H.M.S. "Dunedin" .. .. .. .. 93 14 7 .. 161 13 8 2,83B 12 11 2,836 12 11 Nelson Rifle Prize Fund. Balance, 1st April, 1933 — Cash .. .. .. .. 86 0 0 Investments .. .. .. .. 1,000 0 0 .. 1,086 0 0 Interest on investments .. .. .. 41 15 9 Exchange .. .. .. .. 19 8 .. 43 5 5 Finance Act, 1928, section 14— Payments on account of prizes for rifle shooting .. .. .. .. . . 40 0 0 — .. 40 0 0 Balance, 31st March, 1934 — Cash .. .. .. .. .. 89 5 5 Investments .. .. .. .. .. 1,000 0 0 .. 1,089 5 5 1,129 5 5 1,129 5 5 New Zealand Reparation Estates. Balance, 1st April, 1933 .. .. .. .. .. 286 0 0 Amounts received at Apia, to be repaid at Wellington .. .. .. .. 678 7 6 .. 678 7 6 Amounts repaid at Wellington .. .. .. 964 7 6 .. 964 7 6 964 7 6 964 7 6 New Zealand University Endowment, Westland. Balance, 1st April, 1933— Cash .. .. .. 463 5 0 Investments .. .. .. .. 2,300 0 0 .. 2,763 5 0 Rents from lands reserved under the University Endowment Act, 1868, for disposal under section 35 of the New Zealand University Act, 1908 .. .. .. .. 107 8 9 Interest on investments .. .. .. 105 8 6 .. 212 17 3 Administration expenses under — New Zealand University Act, 1908, sections 34 and 35 .. .. .. .. 5 7 7 .. 5 7 7 Balance, 31st March, 1934 — Cash .. .. . . .. .. 670 14 8 Investments .. .. .. .. .. 2,300 0 0 .. 2,970 14 8 2,976 2 3 2,976 2 3

B.—l [Pt. Ilj.

PUBLIC ACCOUNTS, 19 3 3-1 9 34.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

42

Particulars of Particulars of Total Receipts Total Disbursements Receipts. Disbursements. for Year. for Year. North Island Experimental Dairy School. £ s. d. £ s. d. £ s. d. £ s. d. Balance, 1st April, 1933 — Cash .. .. .. .. 3,036 16 1 Investments .. .. .. .. 7,500 0 0 .. 10,536 16 1 Receipts from lands under Reserves and Crown Lands Disposal and Enabling Act, 1896, section 8, and Waimate Agricultural Reserve Dairy School Act, 1906 —Rents .. 184 19 0 Interest on investments .. .. .. 378 9 2 .. 563 8 2 Administration expenses under Land Laws Amendment Act, 1927, section 4.. .. .. 9 5 0 Expenditure under section 17, Reserves and other Lands Disposal Act, 1931 —Cost of planting shelter-belt .. .. .. .. 16 15 9 .. 26 0 9 Balance, 31st March, 1934 — Cash .. .. .. .. .. 3,574 3 6 Investments .. .. .. .. .. 7,500 0 0 .. 11,074 3 6 11,100 4 3 11,100 4 3 Official Assignees' Balances. Excess funds lodged to Public Account by Official Assignees .. .. .. 17,927 8 6 .. 17,927 8 6 Repayments to Official Assignees .. .. .. 200 0 0 .. 200 0 0 Balance, 31st March, 1934 .. .. .. .. .. 17,727 8 6 17,927 8 6 17,927 8 6 Orchard-tax Act, 1927. Balance, 1st April, 1933— Tax levied for general purposes .. .. 659 12 9 Tax levied for protection from fireblight— Christchurch .. .. .. 16 15 9 Gisborne .. .. .. .. 0 19 4 Marlborough .. .. .. 2 14 0 Rangiora .. .. .. .. 1 13 6 Te Kauwhata .. . .. 18 10 0 Waimea .. .. .. .. 575 0 2 Wairarapa .. .. .. .. 2 4 1 .. 1,277 9 7 Section 3, tax levied for general purposes .. 1,222 14 10 Section 4, tax levied for protection from fireblight— Christchurch .. .. .. .. 67 9 7 Gisborne .. .. .. .. 1189 Marlborough .. .. .. .. 75 6 5 Rangiora .. .. .. .. 9174 Te Kauwhata .. .. .. .. 37 6 3 Waimea .. .. .. .. 716 5 3 Wairarapa .. .. .. .. 3 5 6 .. 2,143 13 11 Section 6, expenses of collection and administration transferred to Vote " Agriculture — Tax levied for general purposes .. .. .. 604 2 10 Tax levied for protection from fireblight— Christchurch .. .. .. .. 12 7 0 Gisborne .. .. .. .. .. 406 Marlborough .. .. .. .. 3 8 6 Rangiora .. .. .. .. .. 100 Te Kauwhata .. .. .. .. 2 13 0 Waimea .. .. .. .. .. 12 1 0 Wairarapa .. .. .. .. .. 0 4 7 Section 7, tax levied for general purposes— Payment to New Zealand Fruitgrowers' Federation, Ltd. .. .. .. .. 1,137 9 5 Section 8, fireblight — Payments to Fireblight Committees— Christchurch .. .. .. .. 62 5 8 Gisborne .. .. .. .. .. 7 10 7 Marlborough .. .. .. .. 52 10 9 Rangiora .. .. .. .. .. 404 Te Kauwhata .. .. .. .. 53 3 3 Waimea .. .. .. .. .. 588 15 2 Wairarapa .. .. .. .. .. 550 — .. 2,550 17 7 Balance, 31st March, 1934— Tax levied for general purposes .. .. .. 140 15 4 Tax levied for protection from fireblight— Christchurch .. .. .. .. 9 12 8 Gisborne .. .. .. .. .. 0 17 0 Marlborough .. .. .. .. 22 1 2 Rangiora .. .. .. .. .. 6 10 6 Waimea .. .. .. .. .. 690 9 3 .. 870 5 11 3,421 3 6 3,421 3 6

B.—l [PT. ll].

PUBLIC ACCOUNTS, 193 3-1 93 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS-continued.

43

Particulars of Particulars of Total Receipts Total Disbursements Receipts. Disbursements. for Year. for Year. Payments through the High Commissioner. £ s. d. j £ s. d. s * Balance, 1st April, 1933 .. .. .. .. •• 1,-68 Amounts remitted to the High Commissioner for payment on behalf of various persons .. 64,948 18 10 r J ! .. 64,948 18 10 Payments by the High Commissioner .. .. .52,426 12 4 Balance, 31st March, 1934 .. .. • • ! ■ • 13,790 9 9 66,217 2 1 66,217 2 1 Promotion of Health Fund. Donations .. .. •• 060 Receipts from sale of Charity stamps .. 822 10 10 Transfer to Vote" Health " under section 34 (3), [ Finance Act, 1929 .. .. • ■ • • 822 16 10 822 16 10 822 16 10 Receipts by the High Commissioner foe Payment in New Zealand. Balance, 1st April, 1933 .. .. ■■ •• •• 7,067 18 i Amounts received by High Commissioner for payment to various persons and bodies .. 34,802 1 6 1 J j .. 34,802 1 6 Payments in New Zealand .. • • • • 41,757 4 7 Balance, 31st March, 1934 .. ■ • • • | • ■ • • 11-j lo 0 41,869 19 7 41,869 19 7 I —.— Receiver-General's Deposit Account. Balance, 1st April, 1933— Investments •• •• 66,000 0 0 Amounts lodged to Public Account for investment .... 40,000 0 0 " .. 40,000 0 0 Investments realized and proceeds paid to the Receiver-General .. .. • • • • 10,000 0 0 Balance, 31st March, 1934 — Cash •• 8 - 5 50 0 0 Tnvpst,mpnt,s . . . . • • 87,450 0 0 investments .. .. .. 96,000 0 0 106,000 0 0 106,000 0 0 Reserve Bank Shares. Application and instalment moneys lodged to Public Account .. .. •• 651,558 0 0! __ .. 651,558 0 0 Excess lodgments refunded to applicants .. .. 267,03S 0 0 267 038 0 0 Balance, 31st March, 1934 .. . • • ! ■ • •• 384,520 0 0 651,558 0 0 651,558 0 0 Samoan Loan Sinking Fund Account. 4 Balance, 1st April, 1933 .. .. •• •• •• 11 au Interest on investments .. .. • ■ 42 17 0 Sinking Fund contribution from Samoan Treasury under — Finance Act 1932 (No. 2), section 4 (2) (a) 2,725 16 0 Finance Act 1932 (No. 2), section 4 (2) (b) 338 11 8 — . . 3,107 4 o Finance Act, 1932 (No. 2), section 4— 4|-per-cent. loan issued under Finance Act, 1925, redeemed and cancelled as from 22nd May, 1933To mature 25th January, 1958 .. • • 845 0 0 To mature 5th April, 1958 .. .. ■ 2,155 0 0 Balance, 31st March, 1934 — 7 Cash .. • • ■ • • ■ • ■ •' "■ 3,118 14 7 3,118 14 7

B.—l [PT. ll].

PUBLIC ACCOUNTS, ,1 933-1934

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

44

Particulars of j Particulars of Total Beceipts I Total Disbursement» .Receipts. j Disbursements. for Year. | for Year. |— I " ( ' - £ s. d. £ s. d. £ s. d. £ s. d. Samoan Notes Security Account. Balance, 1st April, 1933 — Investments .. .. .. ... .. .. 32,000 0 0 [ Interest on investments .. .. .. 1,784 132 [- .. 1,784 13 2 Transferred to Samoan Treasury Account— Interest on investments .. .. .. 1,784 13 2 ; .. 1,784 13 2 Balance, 31st March, 1934 — Investments .. .. .. .. .. .. j ; 32,000 0 0 I 33,784 13 2 ' 33,784 13 2 j , • -j — s, — Samoan Treasury Account. Balance, 1st April, 1933— Cash . . .. .. .. 6,024 13 9 Investments . . . . .. .. 3,650 0 0 : j .. 9,674 13 9 Amounts received on behalf of the Samoan Treasury . . . . .. .. 10,072 8 3 Interest on investments . . .. .. ! 336 14 4 Interest on investments of the Samoan Notes Security Account .. .. .. 1,784 13 2 Repayment in Wellington of amounts paid to New Zealand Reparation Estates in Apia .. 19,000 0 0 I— 31,193 16 9 Payments made on behalf of the Samoan Treasury .. .. .. .. ' .. 13,937 9 6 Interest paid on loans from New Zealand Government .. .. .. .. .. 6,703 9 7 Sinking Fund Contribution on loans .. .. 3,064 7 8 .. 23,705 6 9 Balance, 31st March, 1934 — Cash . . .. .. .. j .. 7,013 2 9 Investments .. .. .. .. .. 10,150 0 0 .. 17,163 2 9 40,868 9 6 40,868 9 6 ! ! Taranaki Scholarships Endowment Account. Balance, 1st April, 1933 .. .. .. . . .. 331 72 Rents . . .. .. .. .. 927 0 8 .. 927 0 8 Payments to Public Trustee in terms of section 22, New Zealand Univei-sity Amendment Act, 1914 .. .. . . .. 815 2 10 Administration expenses under section 4, Land Laws Amendment Act, 1927, and section 31 (2), Land Laws Amendment Act, 1929 .. . . 46 7 0 .. 861 9 10 Balance, 31st March, 1934 .. .. .. .. .. 396 ]g 0 1,258 7 10 1,258 7 10 Tauranga Educational Endowment Reserves Act, 1896. Rents .. .. .. .. 193 14 11 — .. 193 14 11 Transfer to Vote " Education " in terms of section 7, Tauraiya Educational Endowment Reserves Act, 1896 . . . . .. 193 14 11 1 .. 193 14 11 193 14 11 193 14 11 Thermal Springs Districts Act, 1910. ! Balance, 1st April, 1933 .. _ .. .. > 13 1 9 Rents .......... 52 7 0 . . 52 7 0 ; Balance, 31st Maroh, 1934 . . .. .. .. . . 65 8 9 65 8 9 65 8 9

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DETAILS of RECEIPTS and DISBURSEMENTS of DEPOSIT ACCOUNTS—continued.

45

! Particulars of Particulars of 1 Total Receipts ! Total Disbursements Receipts. Disbursements. for Year. for Year, | I . £ s. d. £ s. d. £ s. d. £ s. d. Trustee Act, 1908. Balance, 1st April, 1933 . . . . .. .. .. 7 446 18 11 Receipts under section 66 . , .. 479 8 11 .. | 479 8 11 Balance, 31st March, 1934 .. .. .. .. I * 7 ggg 7 jq (Details on separate statement.) 7,926 7 10 7 926 7 10 Unclaimed Earnings. Balance, 1st April, 1933 . . .. .. ., . 725 11 10 Workmen's earnings unclaimed and paid to Public Account .. .. .. 870 14 2 . A . j , •. 870 14 2 Amounts paid to claimants .. ... . . 354 12 4 Amount transferred to Miscellaneous Revenue (unclaimed) .. .. . . .. .. 642 13 8 ; ( ! . . 997 6 0 Balance, 31st March, 1934 .. .. .. . . j ggg y q j 1,596 6 0 1,396 6 0 Unpbesented Cheques. Balance, 1st April, 1933 .. .. .. . . . . jgg 17 jq Cheques unpresented and paid to Public Account .. .. .. . . 183 3 5 ,, , . 1 ■ ■ 183 3 5 Amounts paid to claimants .. .. .. 63 17 5 Amount transferred to Miscellaneous Revenue (unclaimed) .. .. . . .. . . J4g g j Balance, 31st March, 1934 .. . . .. .. j28 15 9 339 1 3 339 1 3 Victoria College Endowments Deposit Account. Rents under sections 38 and 39, Victoria College Act, 1905 .. .. .. 29 19 6 . , . . , . • • 29 19 6 Administration expenses under section 39, Victoria College Act, 1905 .. . . .. I 1 10 0 Balance, 31st March, 1934 .. .. .. ., '' 28 6 ' 29 19 6 29 19 6 Weraroa Agricultural Endowment Account. Revenue Account. Balance, 1st April, 1933 .. .. .. ., .. ] 547 g j Reoeipts under section 12, Reserves and other Lands Disposal Act, 1928—Rents .. 1,143 19 5 Interest on investments .. .. .. 25 6 1 . —j .. 1,169 5 6 Administration expenses under section 4, Land Laws Amendment Act, 1927 .. .. 57 3 11 j. — 57 q j] Balance, 31st March, 1934 .. .. .. ; .. 2 659 7 8 2,716 11 7 2,716 11 7 Wheat Research Levies. Balance, 1st April, 1933 .. . . , . .. .. 397 13 g Levies received for research in connection with wheat and flour .. .. .. 2,316 3 10 •• 2 316 3 10 Amount transferred to Vote " Scientific and Industrial Research" in terms of the Finance Act, 1927 (No. 2), section 27 (1) .. .. 1,583 7 11 ] eoq 7 11 Balance, 31st March, 1934 .. .. .. ., j' g 8 2,713 17 7 2,713 17 7

B.— 1 [PT. IT].

STATEMENT of RECEIPTS and DISBURSEMENTS under the Trustee Act, 1908, to 31st March, 1934, with Particulars of the BALANCE at CREDIT in the DEPOSIT ACCOUNT on that Date. (Published in Terms of Section 72 of the Trustee Act, 1908.)

PUBLIC ACCOUNTS, 1933-193 4.

46

RECEIPTS. DISBURSEMENTS. 1933 £ s. d. £ s. d. 1934. £ s. d. £ s. d. April ' 1 Balance on 1st April, 1933 ■■ 7,446 18 11 March 31 Balances on 31st March 1934May 12 Estate of Bartholomew Hannan 185 2 10 Estate of Susan Smallwood .. .. .. 93 10 0 June 8 „ Patrick O'Rourke 191 3 1 „ J. Matheson and H. Graeie .. .. 414 3 3 August 26 „ William Patrick Molloy .... 103 3 0 Mary McKay 43 3 10 5 J 479 8 11 „ Wilham Tattley .. .. .. 45 1 5 „ Barthia Wilkie .. .. .. 287 11 1 „ Robert Miller .. .. ■. 22 4 7 ,, Paora Parau and W. R. Miller .. .. 23 0 0 „ Francis Humphreys Heighway .. 46 12 5 ,, George Moore .. .. 2,414 0 0 ,, Richard Galway .. .. .. 836 13 9 John Burk .. .. .. .. 74 7 10 „ Geoffrey Arthur Harney .. .. 44 15 3 ,, John Hewitt .. .. .. 162 12 0 Mark Earl .. .. .. . • 150 0 0 ,, Edward Thurlow Field .. . ■ 24 8 1 ,, Michael McKey .. .. .. 2,249 5 4 „ Martha Robinson .. .. .. 38 17 11 ,, John Bealy .. .. .. .. 49 17 1 „ Ernest Groome Gresham .. .. 23 1 8 ,, John Walsh and Bridget Walsh .. 199 2 11 „ Bartholomew Hannan .. .. 185 2 10 „ Patrick O'Rourke .. .. .. 191 3 1 „ William Patrick Molloy .. .. 103 3 0 Moanatairi Extended Gold-mining Co. .. .. 16 7 8 Direct Supply Co., Ltd., Auckland (in liquidation).. 33 5 10 Wellington-Manawatu Railway Co., Ltd. .. 95 9 8 Inglewood Oil-boring and Prospecting Co., Ltd. .. 21 5 0 Southland Woollen Mills, Ltd. (in liquidation) .. 38 2 4 7,926 7 10 Total .. .. .. .. •• £7,926 7 10 Total .. .. .. .. .. £7,926 7 10 j

B.—l [Pi ll].

PUBLIC ACCOUNTS, 1933-193 4.

PUBLIC WORKS FUND.—GENERAL PURPOSES ACCOUNT. DETAIL STATEMENT of RECOVERIES on Account of EXPENDITURE of PREVIOUS YEARS, for the FINANCIAL YEAR ended 31st March, 1934.

PUBLIC WORKS FUND.-GENERAL PURPOSES ACCOUNT. STATEMENT of IMPRESTS of the PUBLIC WORKS FUND (GENERAL PURPOSES ACCOUNT) OUTSTANDING as at the 31st March, 1934, showing the SERVICES for which they were issued.

47

I £ s. d. £ s. d. £ s. d. DEPARTMENT OF AOBICULTUEE : Transfer from Land for Settlements Account in terms of section 6, Finance Act, 1932 (No. 2), adjusting the respective capital accounts in respect of buildings erected out of the Public Works Fund on settlement lands .. .. .. .. .. .. .. 230 0 0 Defence Department :— Sale of— Land and buildings .. .. .. .. 1800 Surplus and obsolete stores .. .. .. 58 10 0 76 10 0 Education Department : — Refund of amounts overclaimed, in connection with additions, &c., to school buildings .. .. .. 799 9 4 Sale of surplus and obsolete stores .. .. .. 5 12 0 — 805 1 4 Department of Health :— Sale of land and buildings .. .. .. .. .. 150 0 0 Department of Immigration :— Recovery of immigration passage-money .. .. 508 18 10 Sale of surplus and obsolete stores .. .. .. 22 13 1 531 11 11 Department of Industries and Commerce, Tourist, and Publicity : — Recovery of cost of electric connections at Rotorua .. .. 20 12 1 Department of Lands and Survey : — Recovery of Native Land Settlement expenditure— Survey liens .. .. .. .. .. 7,107 2 3 Law costs, &e. .. .. .. " .. .. 5 16 9 Sale of — Buildings .. .. .. .. .. 150 0 0 Surplus and obsolete stores .. .. .. ! 166 2 0 7,429 1 0 STative Department :— Repayment of advances to Maori Land Boards under section 274, Native Land Act, 1909 .. .. .. 52 7 6 3 ublic Works Department : — Allocation of general "departmental" administration expenditure in accordance with Cabinet decision, — For the Year 1932-33 — Electric Supply Account . . .. .. 33,808 0 0 Instalments, — In respect to Oturei mortgage .. .. .. 87 5 7 Of purchase price— Mako Mako Sawmill .. . . .. .. 22 0 0 Normanby Police-station .. .. . . 12 11 0 On loans to— Eastbourne Borough Council .. .. .. 73 15 3 Gore Borough Council .. .. ..' .. 292 0 5 Otanomomo River Board .. .. . . 38 1 10 Taupiri Drainage Board.. .. .. .. 54 14 0 Repayment of advances in respect of village-homestead settlement lands .. .. .. .. 10 0 0 Sale of — Land and buildings .. .. .. .. 3,312 17 2 Surplus and obsolete stores .. .. .. 85 10 0 37,796 15 3 £47,091 19 1

Public Works Fund £ s . d. General Purposes Account, — Vote —Mental Hospital Buildings .. .. .. .. .. .. 789 0 0 —Roads, &c. .. .. .. .. .. .. .. .. 1,346 19 2 —Telegraph Extension .. .. .. .. .. .. .. 5,803 16 3 —Lands, Miscellaneous .. .. .. .. .. .. .. 671 0 0 —Irrigation, Water-supply, and Drainage .. .. ... .. .. 1,580 0 0 —Swamp Land Drainage .. .. .. ... .. .. .. 2,016 14 6 —Plant, Material, and Services .. .. .. .. .. .. 1,326 4 9 —Native Land Settlement .. .. .. .. .. .. 2,38638 £15,919 18 4

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

LAND FOR SETTLEMENTS ACCOUNT.

DETAIL STATEMENT of RECOVERIES on ACCOUNT of EXPENDITURE of PREVIOUS YEARS, for the FINANCIAL YEAR ended 31st March, 1934.

DETAIL STATEMENT of EXPENDITURE relating to Purchase of and Incidental Expenses in connection with Estates in the LAND FOR SETTLEMENTS ACCOUNT and of CREDITS IN REDUCTION of such Expenditure for the Financial Year ended 31st March, 1934.

48

£ s. d. £ s. d. Land for Settlements Act, 1925, Section 47, and Finance Act, 1932 (No. 2), Section 14, — Recovery of charges for roading— On Benmore—Otago University .. .. .. .. .. 1,879 4 5 On Wanganui River Trust Loan Block .. .. .. .. 60 16 9 1,940 1 2 Recovery of rates —- Tangowahine Settlement .. .. .. .. .. 042 Tauraroa Settlement .. .. .. .. .. .. 112 1 5 4 l £1,941 6 6

I ' 1 Name of Estate. Purchase-money. Total. Expenditure under the Land for Settlements Act, 1925, Section 45, — Acquirement of Estates— £ s . a, £ s . ,j. Puni .. .. .. .. .. .. .. .. .. 2 0 0 Incidental Expenses. Expenses incidental to Estates — £ 3 . 4. Apanui .. .. .. .. .. .. .. . . 33 16 6 Aponga .. .. .. .. .. . . .. .. 60 2 8 Ardkeen .. .. .. .. .. .. .. 13 14 11 Ashley Gorge .. .. .. .. .. . . . . 1 12 ō Awanui .. .. .. .. .. .. .. .. j 224 Brydone.. .. .. .. .. .. .. .. 93 18 4 Currie .. .. .. .. .. . . .. .. 13 2 Finlay Downs .. .. .. .. .. .. .. 280 Gorton .. .. .. .. .. .. .. .. 3 0 0 Heatherlea .. .. .. .. .. .. .. 167 Heights .. .. .. .. .. .. .. .. 256 Hereford Park .. .. .. .. .. .. .. 16 8 Hikuai .. .. .. .. .. .. .. .. 0 15 2 Horahia .. .. .. .. .. .. .. 162 Huatoki .. .. .. .. .. .. .. 181 Hutt Valley .. .. .. .. .. .. .. 764 5 5 Kakahu .. .. .. .. .. .. .. .. 1 17 11 Kohika No. 2.. .. .. .. .. .. .. 217 Makaraeo .. .. .. .. .. .. .. 451 2 9 Matuku .. .. .. .. .. .. .. .. 0 13 6 Meadows .. .. .. .. .. .. .. 0 13 2 Melville Park .. .. .. . . .. .. .. ! 1 10 4 Monte Cristo .. .. .. .. .. .. .. 75 0 0 Motutara .. .. .. .. .. .. .. 080 Normandale .. .. .. .. .. .. . . 117 11 Norwegians . . .. .. .. . . .. .. 17 13 0 Carried forward ... .. .. .. £1,537 10 1 2 0 0

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-193 4.

DETAIL STATEMENT of EXPENDITURE relating to Purchase of and Incidental Expenses in connection with Estates in the LAND FOR SETTLEMENTS ACCOUNT and of CREDITS IN REDUCTION of such Expenditure for the Financial Year ended 31st March, 1934—continued.

4—B. 1 [PT. ll],

49

Name of Estate. ' Incidental Expenses. Total. £ s. d. £ s. d. Brought forward .. .. .. .. 1,53710 1 200 Expenditure under the Land for Settlements Act, 1925, Section 45 —continued. Expenses incidental to Estates—continued. Ohauiti .. . . . ■ • • • . . • • • ■ • 1 10 4 Orini .. .. .. .. .. .. .. 1 13 4 Orongo .. .. .. . • • ■ • • ■• •• 0 115 Osborne .. .. .. • • • • . • •• 2 16 0 Otarao .. .. .. .. .. .. . • I 089 Parahi .. .. . . .. .. .. .. .. j 2 17 6 Rangitaiki .. .. .. .. .. .. .. 1 10 0 Reparoa .. .. .. .. .. .. . • 2 19 10 Repongaere . . . . .. .. .. ■ • • • 38 16 4 Rere .. .. .. .. .. .. .. • • 334 Soland .. .. . . . . .. .. ■. .. i 18 2 Tawhiwhi .. .. .. .. ■■ .. .. 913 Te Miro .. .. .. .. .. .. .. .. 045 Teschemaker .. . . .. • • ■ . .. • • 13 0 TeWaeWae .. .. .. .. ■■ •. .. j 70 0 0 TeWera .. .. .. .. .. .. .. 337 12 11 Tokiri .. .. .. .. .. .. .. .. 210 Tuturumuri .. .. .. .. .. .. .. 2 13 1 Valverde .. .. .. •. .. .. .. 1 15 7 Waari .. .. .. . . .. . . .. •. 0 9 1 Waddington . . .. .. .. .. .. . • , 1 16 1 Waihau .. .. . . • • • • ■ • • ■ • • I 114 Waiteitei .. .. .. .. •. .. . • 1 0 19 3 Watea .. .. . . . . .. .. .. • • 48 2 6 Wharekaka .. .. .. .. .. .. .. j 178 Wilden .. .. .. .. .. .. .. . . 2 2 11 2,076 5 2 Administration Expenses of Estates .. .. . . .. .. .. 9,277 3 8 Total expenditure .. .. .. .. ... .. £11,355 8 10 Credits in reduction of Expenditure under the Land for Settlements Act, Credits inReduction 1925, Section 45, ■ Purchase-money. Acquirement of Estates — £ s. d. £ s- d. Tapanui .. .. .. .. . . .. .. 1,000 0 0 Wairakau . . .. .. .. . . • ■ ■. 20 19 8 Wilden 331 16 10 1,352 16 6 Credits in Reduction of Incidental Expenses. Expenses incidental to Estates — £ s. d. Apanui .. .. .. . . .. .. • ■ • • 36 19 9 Ashley Gorge . . .. • ■ • • . • • ■ • ■ 60 16 3 Avenel .. .. .. .. .. .. .. .. 2 16 2 Avenel Extension.. .. .. .. .. .. .. 006 Awamate . . .. •. .. . • • • ■ • 3 116 Awanui .. .. .. .. .. .. .. .. 224 Cloverlea .. . . . . .. .. .. .. 62 7 2 Currie .. .. .. .. .. 0 12 3 Heatherlea .. .. ■ ■ .. .. •. ■ ■ 1 6 10 Heights .. .. . • • ■ .. • ■ • • • • 2 5 6 Hereford Park .. .. .. .. .. .. ■ • 3 18 11 Homebrook .. . . .. .. .. .. .. 10 6 8 Huatoki . . .. . . .. .. . . . . Ill Hutt Valley .. .. .. .. .. .. •• 0 4 0 Kakahu .. . . .. .. .. .. .. • • 0 19 0 Kohika No. 2 .. .. .. .. .. •. 15 2 Makaraeo .. .. . . .. . . ■. • • 489 18 3 Matuku .. .. ■. . . • . • ■ .. • • 0 13 6 Meadows .. . . .. .. .. .... 1 19 6 Melville Park .. .. .. .. .. .. 100 Motutara . . .. •. .. • ■ .. • • 0 16 9 Nesdale .. .. .. .. .. .. •• ■■ 119 Norwegians .. .. .. .. .. .. .. 326 Otarao .. .. .. .. •• •• •• 089 Pakaraka .. .. .. .. . • •• • • 0 114 Reparoa . . .. . . .. . • • • • • 0 10 6 Rere .. .. •• ■■ .. 334 Tahaia .. .. .. .. .. - • • ■ • • 0 19 6 Te Miro .. .. .. .. .. .. •• 045 Tokiri .. .. .. .. 2 10 Waari .. .. .. .. .. .. .. .. 091 Wairere .. .. .. .. •• 045 Waiteitei .. . . .. . - • • • • • • 0 19 3 Wither .. .. .. .. .. .. 500 — 703 16 11 Total credits in reduction .. .. .. .. £2,056 13 5

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1 933-1 934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1934.

50

New Zealand Loans Act, 1932:—■ £ s. d. £ s. d. Section 57, — Stock issued in exchange for Debentures— Public Works Fund —General Purposes Account — To mature 1st May, 1936 .. .. .. .. .. 1,000 0 0 To mature 15th February, 1937 .. .. .. .. 5,000 0 0 To mature 15th January, 1940 .. .. .. .. 10,715 0 0 To mature 1st June, 1941 .. . . .. . . .. 300 0 0 To mature 15th February, 1946 . . .. .. .. 10,395 0 0 To mature 15th April, 1949 .. .. .. .. .. 9,965 0 0 To mature 15th Juno, 1955 .. .. .. .. .. 10,015 0 0 Electric Supply Account — To mature 15t-h November, 1941 .. .. .. .. 10,000 0 0 Land for Settlements Account — To mature 1st July, 1941 .. .. .. ,. .. 200 0 0 State Advances Account (Settlers Branch) — To mature 9th October, 1934 .. .. .. .. .. 6,000 0 0 To mature 15th February, 1937 .. .. .. .. 5,000 0 0 State Advances Account (Workers Branch) — I To mature 1st February, 1936 .. .. .. .. 9,500 0 0 War Expenses Account — To mature 1st February, 1936.. .. .. .. .. 300 0 0 To mature 15th November, 1938 .. .. .. .. 4,000 0 0 To mature 20th April, 1939 .. .. .. .. .. 1,000 0 0 To mature 15th January, 1940 . . . . .. . . 52,785 0 0 To mature 15th February, 1946 .. .. .. .. 26,785 0 0 To mature 15th April, 1949 .. .. .. .. .. 26,240 0 0 To mature 15th June, 1955 .. .. .. .. .. 49,080 0 0 238,280 0 0 Ordinary Stock issued in exchange for Death Duty Stock—• Discharged Soldiers Settlement Account— To mature 15th June, 1955 .. .. . . . . . . 800 0 0 State Advances Account (Settlers Branch) — To mature 15th April, 1949 .. .. .. .. .. 950 0 0 War Expenses Account— To mature 15th January, 1940 .. .. .. .. 1,600 0 0 To mature 15th March, 1943 .. . . . . . . .. 1,150 0 0 To mature 15th February, 1946 .. .. .. .. 1,000 0 0 To mature 15th May, 1952 .. .. .. .. .. 16,730 0 0 — 22,230 0 0 Section 14, — Securities issued in conversion of Loans — DebenturesPublic Works Fund—General Purposes Account— To mature 15th November, 1941 .. .. .. .. 23,900 0 0 Education Loans Account — To mature 15th November, 1941 .. .. .. .. 22,350 0 0 Land for Settlements Account— To mature 15th November, 1941 .. .. .. .. 40,300 0 0 To mature 1st January, 1956 . . . . .. .. 450 0 0 War Expenses Account — To mature 15th November, 1941 .. .. .. .. 35,650 0 0 , 122,650 0 0 Stock —■ Ordinary Revenue Account —• To mature 15th November, 1941 .. . . . . ., 61,100 0 0 Public Works Fund —General Purposes Account — To mature 28th February, 1938 .. .. .. .. 220,000 0 0 To mature 15th November, 1941 .. .. .. .. 137,160 0 0 To mature 15th July, 1959 .. .. .. .. .. 90,000 0 0 To mature 15th November, 1959 .. .. .. .. 115,000 0 0 Waihou and Ohinemuri Rivers Improvement Account— To mature 15th November, 1941 .. .. .. .. 20,075 0 0 Discharged Soldiers Settlement Account— To mature 15th November, 1941 . . .. .. .. 130,000 0 0 Education Loans Account — To mature 15th November, 1941 .. .. .. .. 69,100 0 0 Railways Improvement Account— To mature 15th November, 1941 .. .. .. .. 20,110 0 0 Hauraki Plains Settlement Account — To mature 15th November, 1941 .. .. .. .. 53,800 0 0 Housing Account — To mature 15th November, 1941 .. .. .. .. 7,270 0 0 Land for Settlements Account — To mature 15th November, 1941 .. .. .. .. 96,250 0 0 Land for Settlements —Discharged Soldiers Settlement Account— To mature 15th November, 1941 .. .. .. .. 50,600 0 0 Native Land Settlement Account — To mature 15th November, 1941 .. .. .. .. 155,000 0 0 State Advances Account (Settlers Branch)— To mature 15th November, 1941 .. .. .. .. 49,230 0 0 Carried forward .. .. .. .. .. 1,274,695 0 0 383,160 0 0

B.—l [PT. ll]

PUBLIC ACCOUNTS, 1933-1934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT—continued.

51

£ s. d. £ s. d. Brought forward .. .. .. .. .. 1,274,695 0 0 383,160 0 0 New Zealand Loans Act, 1932 —continued. Section 14 —continued. Securities issued in conversion of Loans—continued. Stock —continued. State Advances Account (Workers Branch) — To mature 15th November, 1941 .. .. .. .. 103,170 0 0 State Advances Account (Local Authorities Branch) — To mature 15th November, 1941 .. .. .. .. 200,000 0 0 Swamp Land Drainage Account — To mature 15th November, 1941 .. .. .. .. 10,000 0 0 War Expenses Account— To mature 15th November, 1941 .. .. .. •• 399,435 0 0 1,987,300 0 0 Death Duties Stock — Public Works Fund—General Purposes Account—• To mature 15th November, 1941 .. .. .. .. 16,675 0 0 16,675 0 0 Stock issued in respect of £5,000,000 3J-per-cent. London Loan — Public Works Fund—General Purposes Account — To mature 1st February, 1954 .. ... .. .. 4,000,000 0 0 Interest on overdue instalments .. . . .. .. 13 15 1 Electric Supply Account— To mature 1st February, 1954 .. .. .. .. 1,000,000 0 0 Interest on overdue instalments .. .. .. .. 389Securities issued to cover costs, charges, and expenses of raising £5,000,000 35-per-eont. London Loan— Public Works Fund —General Purposes Accoujit— Stock to mature 15th November, 1941 .. .. .. .. 206,500 0 0 Electric Supply Account— Debentures to mature 15th November, 1941 .. .. .. 7,500 0 0 Stock to mature 15th November, 1941 .. .. .. .. 43,325 0 0 Death Duty Stock to mature 15th November, 1941 .. .. 800 0 0 5,268,142 3 10 Securities issued in renewal of Loans — Debentures— State Advances Loan Account (Settlers Branch) — To mature 15th January, 1957 .. .. .. .. 12,900 0 0 War Expenses Account — To mature 15th November, 1941 .. .. .. .. 9,100 0 0 Stock — Ordinary Revenue Account —• To mature 15th November, 1941 .. .. .. .. 8,480 0 0 Public Works Fund —General Purposes Account — To mature 15th June, 1940 .. .. .. .. •• 7,270 0 0 Electric Supply Account— To mature 15th November, 1941 .. .. .. .. 46,530 0 0 To mature 15th July, 1959 . . .. .. .. • ■ 150,000 0 0 Discharged Soldiers Settlement Account — To mature 15th June, 1940 .. .. .. •• •• 22,970 0 0 To mature 15th November, 1941 .. .. .. .. 6,000 0 0 State Advances Account (Settlers Branch) — To mature 15th November, 1941 .. .. .. •• 6,835 0 0 War Expenses Account—To mature 15th November, 1941 .. .. .. •• 30,005 0 0 Death Duty Stock — Discharged Soldiers Settlement Account —• To mature 15th November, 1941 .. .. .. • • 500 0 0 Treasury Bills — Land for Settlements Account —- To mature 31st March, 1934 .. .. .. •• 65,000 0 0 To mature 1st August, 1934 .. .. •• •• 65,000 0 0 430,590 0 0 iSection 40 (6 ), — Ordinary Stock issued in replacement of Death Duty Stock — Discharged Soldiers Settlement Account — To mature 15th June, 1955 .. .. .. .. ■ • 940 0 0 State Advances—Settlers Branch— To mature 15th April, 1949 .. .. .. .. • • 400 0 0 War Expenses Account — To mature 15th January, 1940 .. .. . • • • 200 0 0 To mature 1.5th February, 1946 .. .. •. ■ • 210 0 0 To mature 15th March, 1943 .. .. .. • • • • 505 0 0 To mature 15th May, 1952 .. .. .. .. .. . 1,390 0 0 3,645 0 0 Section 63 —• Stock issued in replacement of lost Debentures — To mature 1st February, 1936 .. .. .. ■ • • • 50 0 0 To mature 15th November, 1938 .. .. .. ■ • 700 0 0 750 0 0 Carried forward .. .. .. .. •• •• 8,080,262 3 10

B.—l [Pt. ll],

PUBLIC ACCOUN TS , 1933- 1 9 3 4.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT—continued.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1934.

52

£ s. d. £ s. d. Brought forward .. .. .. .. .. .. 8,080,262 3 10 Finance Act, 1925, Section 13 :— Amount received in respect of War Expenses to be applied in repayment of War Loans, — Subsection (3) —Repatriation Receipts paid in by State Advances Office .. 4,270 3 3 Public Revenues Act, 1926, Section 135 (2): — Amount received on account of New Zealand Share of German Reparations .. 2,112 3 11 Public Revenues Act, 1926, Section 135 (4): — Amount transferred from Ordinary Revenue Account for redemption of ! Main Highways Loans .. .. .. .. .. .. 9,843 7 7 Amount received from Main Highways Account, Revenue Fund for redemption of Main Highways Loans . . .. .. .. 69,579 0 0 i Amount received from State Advances Office for redemption of Securities at or before maturity— State Advances Account (Advances to Settlers Branch) .. .. 8,150 0 0 State Advances Account (Advances to Workers Branch) .. .. 727,390 0 0 Amount received from the British Phosphate Commission for the redemption of Nauru and Ocean Islands Securities in terms of Section 13 (4) of the Finance Act, 1932 26,278 3 11 841,240 11 6 — Total .. .. .. .. .. .. .. £8,927,885 2 6

New Zealand Loans Act, 1932: — £ s. d. £ s. d. Section 57, —• Debentures exchanged for Stock— Public Works Fund—General Purposes Account— Due 1st May, 1936 .. .. .. .. .. .. 1,000 0 0 Due 15th February, 1937 .. .. .. .. .. 5,000 0 0 Due 15th January, 1940 .. .. .. .. 10,715 0 0 Due 1st June, 1941 .. .. .. .. .. .. 300 0 0 Due 15th February, 1946 .. .. .. .. .. 10,395 0 0 Due 15th April, 1949: . .. .. .. .. .. 9,965 0 0 Due 15th June, 1955.. .. .. .. .. .. 10,015 0 0 Electric Supply Account— Due 15th November, 1941 .. .. .. .. 10,000 0 0 Land for Settlements Account — Due 1st July, 1941 . . . . . . .. .. .. 200 0 0 State Advances Account (Settlers Branch) — Due 9t.h October, 1934 .. .. .. .. .. 6,000 0 0 Due 15th February, 1937 .. .. .. .. .. 5,000 0 0 State Advances Account (Workers Branch) — Due 1st February, 1936 .. .. .. .. .. 9,500 0 0 War Expenses Account — Due 1st February, 1936 .. .. ., .. .. 300 0 0 Due 15th November, 1938 .. .. .. .. .. 4,000 0 0 Due 20th April, 1939.. .. .. .. .. .. 1,000 0 0 Due 15th January, 1940 .. .. .. .. .. 52,785 0 0 Due 15th February, 1946 .. .. .. .. .. 26,785 0 0 Due 15th April, 1949.. .. .. .. .. .. 26,240 0 0 Due 15th June, 1955.. .. .. .. .. .. 49,080 0 0 — 238,280 0 0 Death Duty Stock exchanged for ordinary Stock — Discharged Soldiers Settlement Account— Due 15th June, 1955 .. .. .. .. .. 800 0 0 State Advances Account (Settlers Branch) — Due 15th April, 1949.. .. .. .. .. .. 950 0 0 War Expenses Account— Due 15th January, 1940 .. .. .. .. .. 1,600 0 0 Due 15th March, 1943 .. .. .. .. .. 1,150 0 0 Due 15th February, 1946 .. .. .. .. .. 1,000 0 0 Due 15th May, 1952 .. .. .. .. .. .. 16,730 0 0 22,230 0 0 Carried forward .. .. .. .. .. .. 260,510 0 0

1 [PT. ll]

PUBLIC ACCOUNTS, 1983-1934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

53

£ s. d. £ s. d. Brought forward .. .. .. .. .. .. 260,510 0 0 New Zealand Loans Act, 1932—continued. Section 14, — Securities converted— Debentures— Public Works Fund—General Purposes Account— Due 16th July, 1934 .. .. .. .. .. 4,000,000 0 0 Electric Supply Account— Due 16th July, 1934 .. .. .. .. .. 1,000,000 0 0 c , , 5,000,000 0 0 stock — Ordinary Revenue Account— Due 15th August, 1957 .. .. .. .. .. 61 100 0 0 Public Works Fund—General Purposes Account— Due 1st May, 1936.. .. .. .. 1,000 0 0 Due 15th February, 1937 .. .. .. .. .. 3,000 0 0 Due 15th January, 1940 .. .. .. .. .. 97,370 0 0 Due 1st June, 1941 .. .. . . . . ., 300 o 0 Due 15th February, 1946 .. .. .. .. 48,505 0 0 Due 15th April, 1949 .. .. .. .. .. 35,700 0 0 Due 15th June, 1955 .. .. .. .. 119,500 0 0 Due 15tli August, 1957 .. .. .. .. .. 172 940 0 0 Due 15th February, 1958 .. .. .. .. .. 126 810 0 0 Waihou and Ohinemuri Rivers Improvement Account— Due 15th August, 1957 .. .. .. .. .. 20,075 0 0 Discharged Soldiers Settlement Account— Due 15th August, 1957 .. .. .. .. .. 30,000 0 0 Due 15th February, 1958 .. .. .. .. .. 100,000 0 0 Education Loans Account— Due 1st July, 1935 .. .. .. .. . . 500 0 0 Due 15th August, 1957 .. .. .. .. .. 90,950 0 0 Hauraki Plains Settlement Account— Due 15th August, 1957 .. .. .. ' .. 53,800 0 0 Housing Account — Due 15th August, 1957 .. .. .. .. 7,270 0 0 Land for Settlements Account— Due 1st July, 1941 .. .. ,. . . .. 200 0 0 Due 15th August, 1957 .. .. .. .. 136,800 0 0 Land for Settlements Account—Discharged Soldiers Settlement— Due 15th August, 1957 .. .. .. .. .. 50,600 0 0 Native Land Settlement Account— Due 15th August, 1957 .. .. .. .. . . 155,000 0 0 Railways Improvement AccountDue 15th August, 1957 .. .. .. .. 20,110 0 0 State Advances Account (Settlers Branch) — Due 9th October, 1934 .. ., . . .. . . 5 qoo 0 0 Due 15th February, 1937 .. .. .. .. .. 5'100 0 0 Due 15th August, 1957 .. .. .. 0 0 State Advances Account (Workers Branch) — Due 15th February, 1937 .. .. .. 4,000 0 0 Due 1st September, 1937 .. .. .. ., .. 500 0 0 Due 15th August, 1957 .. .. .. .. .. 98,670 0 0 State Advances Account (Local Authorities Branch) — Due 15th August, 1957 .. .. .. .. 200,000 0 0 Swamp Land Drainage Account— Due 15th August, 1957 .. .. .. .. .. 10,000 0 0 War Expenses Account Due 15th February, 1937 .. .. .. .. 1,730 0 0 Due 1st September, 1937 .. . . . . ., .. 4 330 0 0 Due 15th November, 1938 .. .. .. .. ., l'620 0 0 Due 15th March, 1943 .. .. .. .. . . 3l',270 0 0 Due 15th May, 1952 .. .. .. .. 1 30' 185 0 0 Due 15th August, 1957 .. .. .. .. .. 65,'450 0 0 Due 15th July, 1959 .. .. .. .. ., 0 0 t , . . 2,129,015 0 0 Loans renewed at maturity— Debentures — Discharged Soldiers Settlement Account— Due 15th January, 1933 .. .. .. .. .. 600 0 0 State Advances Account (Settlers Branch) — Due 1st January, 1934 .. .. .. .. .. 12,900 0 0 e . , 13,500 0 0 Stock— Public Works Fund—General Purposes Account— Due 1st February, 1933 .. .. .. .. 7,270 0 0 Electric Supply AccountDue 15th August, 1933 .. .. .. .. .. 195,730 0 0 Discharged Soldiers Settlement Account— Due 15th January, 1933 .. .. .. .. .. 22 370 0 0 225,370 0 0 Carried forward .. .. .. .. .. .. 7,628,395 0 0

B—l [PT. ll].

PUBLIC ACCOUNTS, 1 933 -1 934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

54

£ s. d. £ s. d. Brought forward .. .. .. .. .. •. 7,628,395 0 0 New Zealand Loans Act, 1932—continued. Section 14—continued. Loans renewed at Maturity—continued. Death Duty StockDischarged Soldiers Settlement Account— Due 15th June, 1940 .. .. .. .. •• •• 6,500 0 0 Treasury BillsLand for Settlements Account— Due 21st June, 1933 .. .. .. .. .. 65,000 0 0 Due 31st March, 1934 .. .. .. .. .. 65,000 0 0 130,000 0 0 j ■ Section 40 (3), — Death Duty Stock redeemed at maturity— Ordinary Revenue Account — Due 30th January, 1933 .. .. .. .. • • 200 0 0 Due 12th April, 1933. . . . .. .. .. .. 510 0 0 Due 18th April, 1933.. .. .. .. .. 1,265 0 0 Due 2nd May, 1933 .. .. .. .. .. .. 670 0 0 Due 24th May, 1933 .. .. .. .. .. 1,750 0 0 Due 14th August, 1933 .. .. .. .. .. 300 0 0 Due 21st September, 1933 .. .. .. .. •• 1,215 0 0 Due 26th September, 1933 .. .. .. .... 150 0 0 Due 28th September, 1933 .. .. .. .. .. 500 0 0 Due 29th September, 1933 .. .. .. .. . . 550 0 0 Due 8th January, 1934 .. .. .. .. . • 205 0 0 Due 19th January, 1934 .. .. .. .. .. 1,015 0 0 Due 2nd February, 1934 .. .. .. .. .. 150 0 0 State Advances Account (Settlers Branch) — Due 12th April, 1933.. .. .. .. .. .. 510 0 0 Due 18th April, 1933.. .. .. .. .. 1,265 0 0 Due 24th May, 1933 .. .. .. .. .. .. 1,750 0 0 Due 14th August, 1933 .. .. .. .. . ■ 300 0 0 Due 21st September, 1933 .. .. . . .. •. 605 0 0 Due 26th September, 1933 .. .. . . .. .. 150 0 0 Due 28th September, 1933 .. .. . . .. .. 500 0 0 Due 29th September, 1933 .. .. . . .. • • 545 0 0 Due 19th January, 1934 .. .. .. .. .. 1,010 0 0 Due 30th January, 1934 .. .. .. .. .. 100 0 0 Due 2nd February, 1934 .. . . .. .. .. 100 0 0 War Expenses Account — Due 12th April, 1933.. .. .. .. .. .. 1,510 0 0 Due 18th April, 1933.. .. .. •• .. •• 4,825 0 0 Due 8th May, 1933 .. .. .. .. .. .. 35 0 0 Due 19th May, 1933 .. .. .. .. .. •• 2,000 0 0 Due 24th May, 1933 .. .. .. .. .. •• 3,500 0 0 Due 25th July, 1933 .. .. .. .. .. .. 500 Due 8th August, 1933 .. .. . • • • • • 4,250 0 0 Due 14th August, 1933 .. .. .. .. .. 410 0 0 Due 15th September, 1933 .. .. .. .. .. 1,390 0 0 Due 26th September, 1933 .. . . . . .. . ■ 200 0 0 Due 29th September, 1933 .. .. •• •• •• 15,745 0 0 Due 16th October, 1933 .. .. .. .. 1,005 0 0 Due 19th January, 1934 .. .. .. .. .. 3,025 0 0 Due 27th January, 1934 .. . . .. .. .. 1,005 0 0 Due 2nd February, 1934 .. .. .. .. .. 200 0 0 54,420 0 0 Section 58, — Securities redeemed at maturity — Debentures — ' State Advances Account (Workers Branch) — Due 15th August, 1933 .. .. .. .. •• 29,300 0 0 Stock— State Advances Account (Settlers Branch) — Due 15th August, 1933 .. .. .. .. 7,650 0 0 State Advances Account (Workers Branch) Due 15th August, 1933 .. .. .. .. .. 145,090 0 0 Death Duty Stock — State Advances Account (Settlers Branch) — Due 15th August, 1933 .. .. .. . • • • 500 0 0 182,540 0 0 Securities redeemed and cancelled before maturity— Stock — State Advances Account (Workers Branch) — Due 15th January, 1940 .. .. •• •• •• 2,000 0 0 Due 15th August, 1957 .. .. .. •• •• •• 550,000 0 0 Carried forward .. .. .. .. •• •• 8,553,855 0 0

B.—l [Pt. ll]

PUBLIC ACCOUNTS, 1933-1934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

55

£ s. d. £ s. d. Brought forward .. .. .. .. .. 8,553,855 0 0 New Zealand Loans Act, 1932—continued. Section 63, — Debentures lost and replaced by Inscribed Stock— War Expenses Account— Due 1st February, 1936 .. .. .. .. .. 50 0 0 Due 15th November, 1938 .. .. .. .. .. 700 0 0 — 750 0 0 Section 40 (6), — Death Duty Stock replaced by ordinary Stock— Discharged Soldiers Settlement Account— Due 15th June, 1955 .. .. .. .. . . 940 o 0 State Advances Account (Settlers Branch) — Due 15th April, 1949.. . . .. .. .. . . 400 0 0 War Expenses Account— Due 15th January, 1940 .. .. .. .. .. 200 0 0 Due 15th March, 1943 .. .. .. .. . . 505 0 0 Due 15th February, 1946 .. .. .. .. .. 210 0 0 Due 15th May, 1952 .. .. .. .. .. .. 1,390 0 0 — 3,645 0 0 War Credits applied in redemption of Loans in terms oe Section 13 (1) oe the Finance Aot, 1925 Securities redeemed at maturity,—New Zealand Loans Act, 1932— Debentures— War Expenses Account— Due 15th November, 1927 .. .. .. .. ,. 100 0 0 Due 1st September, 1930 .. .. .. .. .. 150 0 0 Securities redeemed before maturity— New Zealand Loans Act, 1932— Stock— War Expenses Account— Due 15th August, 1933 .. .. .. .. .. 400 0 0 — 650 0 0 New Zealand Loans Aot, 1932, Section 61 :— Charges and Expenses of raising Loans, — Issues in renewal and conversionPublic Works Fund—General Purposes Account .. .. .. 206,513 15 I Electric Supply Account .. .. .. .. .. 51,628 8 9 258,142 3 10 Total .. .. .. .. .. .. £8,817,042 3 10

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1933-1 934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT, PART II (CONVERSION ACCOUNT), Year 1933-34.

56

New Zealand Loans Act, 1932: — £ s. d. £ s. d. New Zealand Debt Conversion Act, 1932-33, — Section 19 (2) (a) — Amounts received to increase premiums to a multiple of £5 .. .. .. 9,921 7 0 Section 9— Stock issued in exchange for debentures (dissented)— Education Loans Account — To mature 1st July, 1933 .. .. .. .. .. 100 0 0 To mature 15th August, 1933 .. .. .. .. 3,100 0 0 Electric Supply Account — To mature 13th August, 1933 .. .. . . .. 5,300 0 0 To mature 1st February, 1936 .. .. ■ ... 200 0 0 To mature 1st September, 1937 .. .. .. .. 1,000 0 0 Public Works Fund —General Purposes Account— To mature 15th February, 1937 .. .. .. .. 500 0 0 To mature 1st September, 1937 .. .. .. .. 900 0 0 Land for Settlements Account — To mature 15th August, 1933 .. .. .. .. 200 0 0 To mature 15th February, 1937 .. .. .. .. 1,500 0 0 To mature 1st September, 1937 .. .. .. .. 1,600 0 0 Main Highways Account— To mature 15th August, 1933 .. .. .. .. 2,000 0 0 To mature 15th February, 1937 .. .. .. .. 600 0 0 To mature 1st September, 1937 ., . .. ' .. .. 100 0 0 State Advances Account (Settlers Branch) — To mature 15th August, 1933 .. .. .. .. 1,400 0 0 To mature 1st February, 1936 .. .. .. .. 1,650 0 0 State Advances Account (Workers Branch) —- To mature 15th August, 1933 ... .. .. .. 25,850 0 0 To mature 1st September, 1937 .. .. .. .. 1,500 0 0 State Forests Account — To mature 15th August, 1933 .. .. .. .. 5,100 0 0 To mature 15th February, 1937 .. .. .. .. 1,000 0 0 War Expenses Account — To mature 15th August, 1933 .. .. .. .. 17,150 0 0 To mature 15th February, 1937 .. .. .. .. 100 0 0 To mature 1st September, 1937 . . .. .. .. 400 0 0 To mature 15th "November, 1938 .. .. .. .. 5,200 0 0 To mature 20th April, 1939 .. .. .. .. 200 0 0 76,650 0 0 Finance Act, 1933 (No. 2), Section 2,— Securities issued in conversion— StockOrdinary Revenue AccountTo mature 15th January, 1957 .. .. .. .. 200,000 0 0 To mature 15th August, 1957 .. .. .. .. 61,400 0 0 Nauru and Ocean Islands Account — To mature 15th January, 1957 .. .. .. .. 450,000 0 0 To mature 15th August, 1957 .. .. .. .. 29,200 0 0 Public Works Fund—General Purposes Account— To mature 15th January, 1957 .. .. .. .. 1,764,450 0 0 To mature 15th August, 1957 (nominal value, £1,739,944 4s. 6d.) 1,739,742 12 6 To mature 15th May, 1957 .. .. .. .. .. 1,423,840 0 0 To mature 15th February, 1958 .. .. .. .. 1,043,810 12 0 To mature 15th June, 1958 .. .. .. .. .. 1,417,000 0 0 To mature 15th September, 1958 .. .. .. .. 1,417,000 0 0 To mature 15th December, 1958 .. .. .. .. 1,417,000 0 0 To mature 15th March, 1959 .. .. .. .. 339,536 14 5 To mature 15th November, 1959 .. .. .. .. 25,785 0 0 Waihou and Ohinemuri Rivers Improvement Account— To mature 15th January, 1957 .. .. .. .. 584,925 0 0 To mature 15th August, 1957 .. .. .. .. 80,075 0 0 Electric Supply Account — To mature 15th August, 1957 .. .. .. .. 153,750 0 0 To mature 15th March, 1959 .. .. .. .. 5,800 0 0 Cold Storage Advances Account— To mature 15th January, 1957 .. .. .. .. 34,970 0 0 Deteriorated Lands Account— To mature 15th January, 1957 .. .. .. .. 22,000 0 0 Discharged Soldiers Settlement Account — To mature 15th January, 1957 .. .. .. .. 416,130 0 0 To mature 15th August, 1957 .. . . .. .. 30,000 0 0 To mature 15th February, 1958 .. .. .. .. 100,000 0 0 Education Loans Account— To mature 15th August, 1957 .. .. .. .. 428,360 14 1 To mature 15th November, 1959 .. .. .. .. 2,099,480 0 0 Fishing Industry Promotion Account — To mature 15th May, 1957 .. .. .. .. .. 425 0 0 Carried forward .. .. .. .. . , 15,284,680 13 0 . 86,571 7 6

B.—l [PT. ll],

PUBLIC ACCOUNTS, 1 933-1 934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT—continued.

s—B. 1 [PT. ll].

57

£ s. d. £ s. d. Brought forward .. .. .. .. .. 15,284,680 13 0 86,571 7 6 New Zealand Loans Act, 1932—continued. Finance. Act, 1933 (No. 2), Section 2—continued. Securities issued in conversion—continued. Stock —continued. Fruit-preserving Industry Advances Account— To mature 15th May, *1957 .. .. .. .. .. 32,850 0 0 General Purposes Relief AccountTo mature 15th May, 1957 .. .. ., . . .. 70,000 0 0 Hauraki Plains Settlement Account— To mature 15th August, 1957 .. .. , . ., 53,800 0 0 ; To mature 15th March, 1959 .. .. .. .. 45,955 9 8 To mature 15th July, 1959 .. .. .. .. .. 700,000 0 0 Housing Account— To mature 15th May, 1957 .. .. ... .. .. 385,550 0 0 To mature 15th August, 1957 .. .. .. 7,270 0 0 Kauri-gum Industry Account— To mature 15th August, 1957 .. .. .. .. 57,000 0 0 Land, for Settlements Account — To mature 15th May, 1957 .. .. .. .. .. 1,802,145 0 0 To mature 15th August, 1957 .. .. .. .. 352,003 10 7 Land for Settlements (Discharged Soldiers Settlement) Account— To mature 15th August, 1957 .. .. .. .. 50,600 00 To mature 15th June, 1958 .. .. . . . . , . 546,450 0 0 To mature 15th September, 1958 .. .. .. .. 2,400,000 0 0 Land for Settlements (Opening up Crown Lands for Settlement) Account— To mature 15th December, 1958 .. .. .. 217,740 0 0 Loans to "Employers for Workers Dwellings Account — To mature 15th May, 1957 .. . . . . . . .. 2,575 0 0 Loans to Local Bodies Account — To mature 15th August, 1957 .. .. ., .. :2,120,225 0 0 Main Highways Account — To mature 15th May, 1957 .. .. .. .. .. 93,160 0 0 To mature 15th August, 1957 .. .. .. . . 79,600 0 0 To mature 15th March, 1959 .. .. .. .. 6,840 0 0 Maori Land Settlement Account — To mature 15th August, 1957 .. .. .. .. 231,675 0 0 Mining Advances Account— To mature 15th January, 1957 .. .. .. .. 23,545 0 0 To mature 15th August, 1957 .. .. .. .. 5,490 0 0 Native Land Settlement Account— To mature 15th August, 1957 .. .. .. .. 245,000 0 0 To mature 15th June, 1958 .. .. .. .. .. 878,750 0 0 To mature 15th December, 1958 .. .. .. .. 2,001,850 0 0 To mature 15th November, 1959 . . .. .. . . 78,000 0 0 Railways Improvement Account— To mature 15th August, 1957 .. .. .. .. 20,113 15 11 To mature 15th July, 1959 .. .. .. .. .. 414,770 0 0 Railways Improvement Authorization Act 1914 Account— To mature 15th August, 1957 . . . . .. .. 90,000 0 0 To mature 15th July, 1959 .. .. .. .. .. 985,500 0 0 Wellington-Hutt Railway and Road Improvement Account— To mature 15th July, 1959 .. .. .. .. .. 305,080 0 0 Wellington-Manawatu Railway Purchase Account — To mature 15th February, 1958 . . . . .. . . 500,000 0 0 Rangitaiki Land Drainage Account — To mature 15th August, 1957 .. .. .. .. . 8,000 0 0 To mature 15th December, 1958 .. .. .. .. 78,000 0 0 To mature 15th March, 1959 .. .. .. .. 136,202 15 0 To mature 15th November, 1959 .. .. .. .. 262,000 0 0 Samoan Loan Suspense Account — To mature 15th August, 1957 .. .. .. .. 2,590 0 0 To mature 15th December, 1958 .. .. .. .. 102,410 0 0 State Advances Loan Account (Settlers Branch)— To mature 15th August, 1957 .. .. .. .. 365,450 0 0 To mature 15th February, 1958 .. .. .. .. 1,723 ,473 15 0 State Advances Loan Account (Workers Branch) — To mature 15th August, 1957 .. .. .. .. 1,048,670 0 0 To mature 15th February, 1958 .. . . . . .. 680,446 5 0 To mature 15th June, 1958 .. .. .. .. .. 974,800 0 0> State Advances Loan Account (Local Authorities Branch) — To mature 15th August, 1957 .. .. .. .. 200,000 0 0 To mature 15th March, 1959 .. .. .. .. 1,572,260 0 0 State Coal-mines Account — To mature 15th March, 1959 .. .. .. .. i 81,650 0 0 State Forests Account— To mature 15th January, 1957 .. .. .. .. 322,000 0 0 To mature 15th August, 1957 .. .. .. . . 600 0 0 Swamp Land Drainage Account— To mature 15th August, 1957 .. .. .. . . 30,000 0 0 To mature 15th March, 1959 .. .. .. .. 567,991 0 11 War Expenses Account— To mature 15th August, 1957 (nominal value, £65,450) . . 65,438 0 0 To mature 15th March, 1959 .. .. .. .. 1,034,980 0 0 To mature 15th July, 1959 .. .. .. .. .. 1,417,000 0 0 To mature 15th November, 1959 .. .. .. .. 1,365,270 0 0 [ Westport Harbour Account— To mature 15th March, 1959 .. .. .. . . 40?, 750 0 0 42,531,200 5 1 Carried forward .. .. .. .. .. .. 42,617,771 12 7 _ i_ _J

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1933-1934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT—continued.

58

£ s. d. "I £ s. d. I Brought forward .. .. .. .. •• 42,617,771 12 7 New Zealand Loans Act, 1932—continued. New Zealand Debt Conversion Act, 1932—33,— I Section 12— Securities issued in conversion— Debentures — Ordinary Revenue Account — To mature 15th January, 1940 ■■ •• •• 11,430 0 0 To mature 15th February, 1946 .. .. .. •• 11,430 0 0 To mature 15th April, 1949 .. .. • ■ ..ill ,425 0 0 To mature 15th June, 1955 .. •• •• 11,425 0 0 Public Works Fund—General Purposes Account — To mature 15th January, 1940 .. .. •• •• 415,610 0 0 To mature 15th February, 1946 .. .. •• •• 149,495 0 0 To mature 15th April, 1949 .. .. • ■ • • 11,080 0 0 To mature 15th June, 1955 .. .. •• 33,875 0 0 Waihou and Ohinemuri Rivers Improvement Account — To mature 15th January, 1940 .. .. •• •• 2,960 0 0 To mature 15th February, 1946 .. .. . • . ■ 2,960 0 0 To mature 15th April, 1949 .. .. .. •• 2,960 0 0 To mature 15th June, 1955 .. .. .. . • 2,955 0 0 Electric Supply Account— To mature 15th January, 1940 .. .. •• 31,980 0 0 To mature 15th February, 1946 .. .. •• •• 31,975 0 0 To mature 15th April, 1949 .. .. .. •• j 31,970 0 0 To mature 15th June, 1955 .. .. .. •• j 31,965 0 0 Discharged Soldiers Settlement Account — To mature 15th January, 1940 .. •• •• 40,630 0 0 To mature 15th February, 1946 .. .. .. 40,620 0 0 To mature 15th April, 1949 .. .. .. •• 40,620 0 0 To mature 15th June, 1955 .. .. .. •• 40,620 0 0 Education Loans Account — To mature 15th January, 1940 .. .. .. •• 40,835 0 0 To mature 15th February, 1946 .. .. •• •• 40,835 0 0 To mature 15th April, 1949 .. .. .. . ■ 40,835 0 0 To mature 15th June, 1955 .. .. .. .. 40,835 0 0 Land for Settlements Account — To mature 15th January, 1940 .. .. ■■ •• 100,780 0 0 To mature 15th February, 1946 .. .. 100,780 0 0 To mature 15th April, 1949 .. .. .. 100,780 0 0 To mature 15th June, 1955 .. .. • • ■ • 100,780 0 0 Main Highways Account — To mature 15th January, 1940 .. .. 25,800 0 0 To mature 15th February, 1946 .. .. .. •• 25,800 0 0 To mature 15th April, 1949 .. .. .. •• 25,800 0 0 To mature 15th June, 1955 .. .. .. •• 25,800 0 0 Maori Land Settlement Account — To mature 15th January, 1940 .. .. •• •• 1,175 0 0 To mature 15th February, 1946 .. .. ■■ 1,170 0 0 To mature 15th April, 1949 .. .. .. •• 1,170 0 0 To mature 15th June, 1955 .. .. .. •• 1,170 0 0 Mining Advances Account — To mature 15th January, 1940 .. .. .. •• 670 0 0 To mature 15th February, 1946 .. .. . • • • 665 0 0 To mature 15th April, 1949 .. .. .. • ■ 665 0 0 To mature 15th June, 1955 .. .. .. • • 665 0 0 Native Land Settlement Account — To mature 15th January, 1940 .. .. .. •• 16,580 0 0 To mature 15th February, 1946 .. .. .. •• 16,580 0 0 To mature 15th April, 1949 .. .. ■■ •• 16,580 0 0 To mature 15th June, 1955 .. .. .. •• 16,570 0 0 Railways Improvement Account — To mature 15th January, 1940 .. .. •. • ■ 1,510 0 0 To mature 15th February, 1946 .. .. .. . • 1,510 0 0 To mature 15th April, 1949 .. .. .. .. 1,505 0 0 To mature 15th June, 1955 .. .. .. . • 1,505 0 0 Railways Improvement Authorization Act 1914 Account — To mature 15th January, 1940 .. .. . • ■■ 5,645 0 0 To mature 15th February, 1946 .. .. .. •• 5,645 0 0 To mature 15th April, 1949 .. .. .. 5,640 0 0 To mature 15th June, 1955 .. .. .. .. 5,640 0 0 Rangitaiki Land Drainage Account — To mature 15th January, 1940 .. .. • • • • 415 0 0 To mature 15th February, 1946 .. ■. . • • • 415 0 0 To mature 15th April, 1949 .. .. . • • • 415 0 0 To mature 15th June, 1955 .. .. . • • ■ 415 0 0 State Advances Account (Settlers Branch) — To mature 15th January, 1940 .. • • • • ■ • 65,500 0 0 To mature 15th February, 1946 .. ■■ •• 65,500 0 0 To mature 15th April, 1949 .. .. .. •• 65,500 0 0 To mature 15th June, 1955 .. .. • ■ • ■ 65,500 0 0 State Advances Account (Workers Branch) — To mature 15th January, 1940 .. .. •• 110,930 0 0 To mature 15th February, 1946 .. .. .. 110,930 0 0 To mature 15th April, 1949 .. .. .. •• 110,930 0 0 To mature 15th June, 1955 .. .. .. •• 110,930 0 0 Carried forward .. .. •• 2,437,285 0 0 42,617,771 12 7 _[

B. —1 [PT. ll].

PUBLIC ACCOUNTS, 1 933 -1 934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT —continued.

59

£ s. d. £ s. d. Brought forward .. .. .. .. .. 2,437,285 0 0 42,617,771 12 7 New Zealand Loans Act, 1932 —continued. New Zealand Debt Conversion Act, 1932-33 —continued. Section 12—continued. Securities issued in conversion—continued. Debentures—continued. State Forests Account— To mature 15th January, 1940 .. .. .. .. 30,040 0 0 To mature 15th February, 1946 .. .. .. .. 30,040 0 0 To mature 15th April, 1949 .. .. .. .. 30,040 0 0 To mature 15th June, 1955 .. .. .. .. 30,035 0 0 Swamp Land Drainage Account — To mature 15th January, 1940 .. .. .. .. 1,070 0 0 To mature 15th February, 1946 .. .. .. .. 1,065 0 0 To mature 15th April, 1949 .. .. .. .. 1,060 0 0 To mature 15th June, 1955 .. .. .. .. 1,060 0 0 War Expenses Account — To mature 15th January, 1940 .. .. .. .. 660,075 0 0 To mature 15th February, 1946 .. .. .. .. 660,075 0 0 To mature 15th April, 1949 .. .. .. .. 660,075 0 0 To mature 15th June, 1955 .. .. .. .. 660,075 0 0 Westport Harbour Account — To mature 15th January, 1940 .. .. .. .. 100 0 0 To mature 15th February, 1946 .. .. .. .. 100 0 0 To mature 15th April, 1949 .. .. .. .. 150 0 0 To mature 15th June, 1955 .. .. .. .. 150 0 0 5,202,495 0 0 Stock — Ordinary Revenue Account — To mature 15th January, 1940 .. .. .. .. 334,150 6 11 To mature 15th February, 1946 .. .. .. .. 334,135 0 0 To mature 15th April, 1949 .. .. .. .. 334,135 0 0 To mature 15th June, 1955 .. .. .. .. 318,880 0 0 Public Works Fund—General Purposes Account — To mature 1st November, 1933 .. .. .. .. 900 0 0 To mature 1st November, 1934 .. .. .. .. 15,560 0 0 To mature 31st March, 1934 .. .. .. .. 40,000 0 0 To mature 15th January, 1940 .. .. .. .. 2,551,405 0 0 To mature 15th February, 1946 .. .. .. .. 1,072,510 0 0 To mature 15th April, 1949 .. .. .. .. 473,435 0 0 To mature 15th June, 1955 .. .. .. .. 2,212,835 0 0 Waihou and Ohinemuri Rivers Improvement Account — To mature 15th January, 1940 .. .. .. .. 5,925 0 0 To mature 15th February, 1946 .. .. .. .. 5,915 0 0 To mature 15th April, 1949 .. .. .. .. 5,910 0 0 To mature 15th June, 1955 .. .. .. .. 5,925 0 0 Electric Supply Account— To mature 15th January, 1940 .. .. .. .. 417,595 0 0 To mature 15th February, 1946 .. .. .. .. 417,580 0 0 To mature 15th April, 1949 .. .. .. .. 417,580 0 0 To mature 15th June, 1955 .. .. .. .. 408,445 0 0 Discharged Soldiers Settlement Account — To mature 15th January, 1940 .. .. .. .. 698,605 0 0 To mature 15th February, 1946 .. .. .. .. 698,595 0 0 To mature 15th April, 1949 .. .. .. 698,595 0 0 To mature 15th June, 1955 .. .. .. .. 607,495 0 0 Education Loans Account — To mature 15th January, 1940 .. .. .. .. 162,465 0 0 To mature 15th February, 1946 .. .. .. .. 162,460 0 0 To mature 15th April, 1949 .. .. .. .. 162,460 0 0 To mature 15th June, 1955 .. .. .. .. 147,010 0 0 Hauraki Plains Settlement Account — To mature 15th January, 1940 .. .. .. .. 2,540 0 0 To mature 15th February, 1946 .. .. .. .. 2,535 0 0 To mature 15th April, 1949 .. .. .. .. 2,535 0 0 To mature 15th June, 1955 .. .. .. .. 2,535 0 0 Land for Settlements Account — To mature 15th January, 1940 .. .. .. .. 934,360 0 0 To mature 15th February, 1946 .. .. .. .. 934,355 0 0 To mature 15th April, 1949 .. .. .. .. 934,355 0 0 To mature 15th June, 1955 .. .. .. .. 899,510 0 0 Land for Settlements (Discharged Soldiers Settlement) Account — To mature 15th January, 1940 .. .. .. .. 20,235 0 0 To mature 15th February, 1946 .. .. .. .. 20,220 0 0 To mature 15th April, 1949 .. .. .. .. 20,220 0 0 To mature 15th June, 1955 .. .. .. .. 20,220 0 0 Main Highways Account — To mature 15th January, 1940 .. .. .. .. 365,340 0 0 To mature 15th February, 1946 ... .. .. .. 365,330 0 0 To mature 15th April, 1949 .. .. .. .. 365,330 0 0 To mature 15th June, 1955 .. .. .. .. 356,040 0 0 Carried forward .. .. .. .. .. 17,956,165 6 11 47,820,266 12 7 5*

B.—l [Pt. 11 j.

PUBLIC ACCOUNTS, 1933-1934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT —continued.

60

£ s. d. £ s. d. Brought forward •. . . . * .. 17,956,165 6 11 47,820,266 12 7 New Zealand Loans Act, 1932 —continued. New Zealand Debt Conversion Act, 7932-33 —continued. Section 12—continued. Securities issued in conversion—continued. Stock —continued. Maori Land Settlement Account — To mature 15th January, 1940 . . . . . ■ • • 2,575 0 0 To mature 15th February, 1946 .. .. .. .. 2,570 0 0 To mature 15th April, 1949 .. . . . . . . 2,570 0 0 To mature 15th June, 1955 .. .. .. 2,570 0 0 Mining Advances Account — To mature 15th January, 1940 . . . . .. . . 1,840 0 0 To mature 15th February, 1946 . . . . ■ . • • 1,840 0 0 To mature 15tli April, 1949 . . .. .. . . 1,840 0 0 To mature 15th June, 1955 .. .. . . . . 1,840 0 0 Native Land Settlement Account — To mature 15th January, 1940 . . ■ . . ■ . • 120,035 0 0 To mature 15th February, 1946 .. .. .. 120,030 0 0 To mature 15th April, 1949 . , . . .. .. 120,030 0 0 To mature 15th June, 1955 .. .. ■■ .. 107,035 0 0 Railways Improvement Account — To mature 15th January, 1940 .. . ■ .. .. 3,475 0 0 To mature 15th February, 1946 .. .. .. .. 3,465 0 0 To mature 15th April, 1949 .. .. .. 3,465 0 0 To mature 15th June, 1955 .. .. .. .. 3,470 0 0 Railways Improvement Authorization Act 1914 Account — To mature 15th January, 1940 .. . . .. . • 78,000 0 0 To mature 15th February, 1946 .. .. .. . . 77,995 0 0 To mature 15th April, 1949 .. .. .. .. 77,995 0 0 To mature 15th June, 1955 .. .. .. .. 71,295 0 0 Rangitaiki Land Drainage Account' — To mature 15th January, 1940 .. • • • • .. 835 0 0 To mature 15th February, 1946 . . . . . . .. 835 0 0 To mature 15th April, 1949 .. . . ■ ■ . • 835 0 0 To mature 15th June, 1955 .. . . . . .. 835 0 0 State Advances Account (Settlers Branch) - To mature 15th January, 1940 .. . . • 1,235,320 0 0 To mature 15th February, 1946 .. .. .. 1,235,310 0 0 To mature 15th April, 1949 .. .. .. .. 1,125,860 0 0 To mature 15th June, 1955 .. .. .. .. 1,226,515 0 0 State Advances Account (Workers Branch) — To mature 15th January, 1940 .. .. .. .. 1,162,045 0 0 To mature 15th February, 1946 .. .. .. .. 1,161,775 0 0 To mature 15th April, 194:9 .. .. .. .. 1,143,460 0 0 To mature 15th June, 1955 .. .. .. .. 1,162,045 0 0 State Forests Account — To mature 15th January, 1940 .. .. .. .. 283,455 0 0 To mature 15th February, 1946 .. .. .. .. 274,040 0 0 To mature 15th April, 1949 .. .. .. .. 283,440 0 0 To mature 15th June, 1955 .. .. .. .. 283,455 0 0 Swamp Land Drainage Account — To mature 15th January/1940 .. .. ' .. .. 5,195 0 0 To mature 15th February, 1946 .. .. .. .. 5,180 0 0 To mature 15th April, 1949 .. .. .. .. 5,180 0 0 To mature 15th June, 1949 .. .. .. .. 5,195 0 0 War Expenses Account — To mature 15th January, 1940 .. .. .. .. 1,993,555 0 0 To mature 15th March, 1943 .. .. .. .. 13,708,390 0 0 To mature 15th February, 1946 .. .. .. .. 1,981,245 0 0 To mature 15th April, 1949 .. .. .. .. 12,051,470 0 0 To mature 15th May, 1952 .. .. .. .. 13,435,910 0 0 To mature 15th June, 1955 .. .. .. .. 2,051,485 0 0 64,582,965 6 11 Death Duty Stock — Ordinary Revenue Account — To mature 15th June, 1955 .. .. .. .. 15,255 0 0 Public Works Fund —General Purposes Account — To mature 15th June, 1955 .. .. .. .. 23,300 0 0 Electric Supply Account — To mature 15th June, 1955 .. .. .. .. 9,150 0 0 Discharged Soldiers Settlement Account — To mature I5th June, 1955 .. .. .. .. 91,100 0 0 Education Loans Account — To mature 15th June, 1955 .. .. .. .. 15,450 0 0 Land for Settlements Account — To mature 15th Juno, 1955 .. .. .. .. 34,850 0 0 Main Highways Account — To mature 15th June, 1955 . . .. .. . . 9,300 0 0 Native-Land Settlement Account— To mature 15th June, 1955 .. .. .. .. 13,000 0 0 Railways Improvement Authorization Act 1914 Account — To mature 15th June, 1955 .. .. . . .. 6,700 0 0 Carried forward .. .. .. .. .. 218,105 0 0 112,403,231 19 6

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1 933 -1 934.

DETAILED STATEMENT of the RECEIPTS of LOANS REDEMPTION ACCOUNT—continued.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT, PART II (CONVERSION ACCOUNT).

61

£ a. d. £ s. d. Brought forward .. .. •• 218,105 0 0 ! 112,403,231 19 6 New Zealand Loans Act, 1932 —continued. New Zealand Debt Conversion Act, 1932-33 —continued. Section 12—continued. Securities issued in conversion—continued. Death Duty Stock —continued. State Advances Account (Settlers Branch) — To mature 15th April, 1949 .. .. •• ■■ 109,450 0 0 To mature 15th June, 1955 .. .. .. .. 8,800 0 0 State Advances Account (Workers Branch) — To mature 15th February, 1946 .. . . • • • • 270 0 0 To mature 15th April, 1949 .. .. ■ • ■ • 18,580 0 0 State Forests Account— To mature 15th February, 1946 .. .. .. • • 9,400 0 0 War Expenses Account — To mature 15th January, 1940 .. .. •• 57,930 0 0 To mature 15th March, 1943 .. •• 76,475 0 0 To mature 15th February, 1946 .. .. .. •• 70,225 0 0 To mature 15th Mav, 1952 .. .. .. 339,460 0 0 908,695 0 0 Total • • £113,311,926 19 6

New Zealand Loans Act, 1932: — £ s - d. £ s. d. New Zealand Debt Conversion Act, 1932-33,-— Section 9 — Debentures (dissented) exchanged for Stock — Education Loans Account — ' Luc 1st July, 1933 .. . ■ • ■ • • • • 100 0 0 Due 15th August, 1933 .. .. .. | 3,100 0 0 Electric Supply Account — Due 1st February, 1936 .. . ■ . • • • ■ • 200 0 0 , Due 15th August, 1933 .. .. •• •• j 5,300 0 0 Due 1st September, 1937 .. •• ■■ •• 1,000 0 0 Public Works Fund —General Purposes Account — Due 15th February, 1937 .. .. .. .. • • 500 0 0 Due 1st September, 1937 .. .. .. .. • ■ 900 0 0 Land for Settlements Account — Due 15th August, 1933 . . .. .. • ■ • • 200 0 0 Due 15th February, 1937 .. .. .. •• 1,500 0 0 Due 1st September, 1937 .. .. .. •• •• 1,600 0 0 Main Highways Account — Due 15th August, 1933 .. .. .. •• 2,000 0 0 Due 15th February, 1937 .. .. ■ ■ ■ • • • 600 0 0 Due 1st September, 1937 .. . • ■ • • • ■ • 100 0 0 State Advances Loan Account (Settlers Branch) — Due 15th August, 1933 .. .. ■■ •• 1,400 0 0 Due 1st February, 1936 .. . . • • • • • • 1,650 0 0 State Advances Loan Account (Workers Branch) — Due 15th August, 1933 .. .. •• 25,850 0 0 Due 1st September, 1937 .. .. .. •• 1,500 0 0 State Forests Account — Due 15th August, 1933 •• . • •• •• •• 5,100 0 0 Due 15th February, 1937 .. .. .. •• 1,000 0 0 War Expenses Account — Due 15th August, 1933 .. •• •• 17,150 0 0 Due 15th February, 1937 .. .. • • • • • • ' 1 0 0 Due 1st September, 1937 .. .. ■. ■ • • • 400 0 0 Due 15th November, 1938 .. .. .. •• •• 5,200 0 0 Due 20th April, 1939 .. .. .. • • • ■ 200 0 0 F 76,650 0 0 Finance Act, 1933 (No. 2), Section 2, — Securities converted — Debentures — Ordinary Revenue Account — Due 1st May, 1934. . .. •• •• 90° ° 0 Due 1st February, 1950 .. .. .. • • • • 200 0 0 Due 1st November, 1950 .. .. .. •• •• 60,000 0 0 Due 1st September, 1951 .. •• •• 200,000 0 0 Nauru and Ocean Islands Account — Due 1st December, 1951 .. .. •• 479,200 0 0 Public Works Fund—General Purposes Account — Due 1st August, 1933 •• •• •• •• 950,000 0 0 Due 15th August, 1933 .. .. •• ■■ 46,600 0 0 Due 1st December, 1933 .. •• •• •• 104,500 0 0 Due 1st January, 1934 .. .. •• •• •• 761,765 0 0 Due 1st February, 1934 .. .. •• 744,700 0 0 Due 1st May, 1934 .. .. •• 15,350 0 0 Due 1st June, 1936 .. .. ■■ •• 2 > 400 0 ? Due 1st November, 1945 .. .. •• •• •• 125,000 0 0 Due 1st January, 1949 .. •• •• •• •• 365,244 4 6 Carried forward 3,855,859 4 6 76,650 0 0

B.—l [PT. lIJ.

PUBLIC ACCOUNTS, 1 933-1934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

62

£ s. d. £ s. d. Brought forward .. .. .. .. .. 3,855,859 4 6 76,650 0 0 New Zealand Loans Act, 1932—continued. Finance Act, 1933 (No. 2), Section 2 —continued. Securities converted —continued. Debentures—continued. Public Works Fund—General Purposes Account —continued. Due 1st April, 1949 .. .. .. .. .. 226,320 0 0 Due 1st July, 1949 .. .. .. .. .. 364,320 0 0 Due 1st October, 1949 .. .. .. .. .. 40,100 0 0 Due 1st February, 1950 .. .. .. .. .. 1,306,893 19 6 Due 1st May, 1950.. .. .. .. .. .. 402,308 19 1 Due 1st August, 1950 .. .. .. .. .. 956,901 0 0 Due 1st November, 1950 .. .. .. .. .. 1,623,643 3 7 Due 1st December, 1950 .. .. .. .. .. 50,000 0 0 Due 15th December, 1950 .. .. .. .. .. 48,000 0 0 Due 1st March, 1951 .. .. .. .. .. 10,841 15 4 Due 1st September, 1951 .. .. . . .. .. 150,000 0 0 Due 1st December, 1951 .. .. .. .. .. 2,277,398 8 11 Waihou and Ohinemuri Rivers Improvement Account— Due 1st August, 1933 .. .. .. .. .. 100,000 0 0 Due 1st January, 1949 .. .. .. .. .. 5,000 0 0 Due 1st July, 1949 .. .. .. .. .. 5,000 0 0 Due 1st October, 1949 .. .. .. .. .. 10,625 0 0 Due 1st February, 1950 .. .. .. .. .. 335,000 0 0 Due 1st August, 1950 .. .. .. .. .. 200,000 0 0 Due 1st March, 1951 .. .. .. .. .. 9,375 0 0 Electric Supply Account— Due 15th August, 1933 .. .. .. .. .. 80,450 0 0 Due 1st October, 1934 .. .. .. .. .. 10,000 0 0 Due 1st October, 1949 .. . . .. .. . . 7,500 0 0 Due 1st May, 1950.. .. .. .. .. .. 20,000 0 0 Cold-storage Advances Account— Due 1st March, 1934 .. .. .. .. .. 34,970 0 0 Deteriorated Lands Account — Due 1st April, 1949 .. .. .. .. .. 22,000 0 0 Discharged Soldiers Settlement Account — Due 1st January, 1949 .. .. .. .. .. 104,730 0 0 Due 1st February, 1950 .. .. .. .. .. 150,000 0 0 Due 1st November, 1950 .. .. .. .. .. 70,200 0 0 Due 1st March, 1951 .. .. .. .. .. 221,200 0 0 Education Loans Account — Due 15th August, 1933 .. .. .. .. .. 3,000 0 0 Due 1st January, 1934 .. .. .. .. .. 1,074,100 0 0 Due 1st Januarv, 1949 .. .. .. .. .. 847,000 0 0 Due 1st July, 1949 .. .. .. .. .. 212,260 0 0 Due 1st October, 1949 .. .. .. .. .. 92,610 0 0 Due 1st February, 1950 .. .. .. .. .. 298,870 14 1 Fishing Industry Promotion Account — Due 1st December, 1933 .. .. .. .. .. 425 0 0 Fruit-preserving Industry Advances Account — Due 1st April, 1949 .. .. .. .. .. 32,850 0 0 General Purposes Relief Account — Due 1st March, 1934 .. .. .. .. .. 70,000 0 0 Hauraki Plains Settlement Account— Due 1st August, 1933 .. .. .. .. .. 318,000 0 0 Due 1st October, 1947 .. .. .. .. .. 50,000 0 0 Due 1st October, 1948 .. .. .. .. .. 10,000 0 0 Due 1st April, 1949 .. .. .. .. .. 25,800 0 0 Due 1st February, 1950 .. .. .. .. .. 222,000 0 0 Due 1st August, 1950 .. .. .. .. .. 150,000 0 0 Due 1st March, 1951 .. .. .. .. .. 23,955 9 8 Housing Account— Due 30th September, 1951 .. .. .. .. .. 392,820 0 0 Kauri-gum Industry Account— Due 1st May, 1950.. .. .. .. .. .. 57,000 0 0 Land for Settlements Account — Due 30th September, 1933 .. .. .. .. .. 400 0 0 Due 1st January, 1934 .. .. .. .. .. 476,825 0 0 Due 1st February, 1934 .. .. .. .. .. 135,000 0 0 Due 1st March, 1934 .. .. .. .. .. 94,800 0 0 Due 1st April, 1934 .. .. .. .. .. 147,100 0 0 Due 1st June, 1935 .. .. .. .. .. 9,250 0 0 Due 1st October, 1948 .. .. .. .. .. 25,000 0 0 Due 1st January, 1949 .. .. .. .. .. 68,750 0 0 Due 1st April, 1949 .. .. .. .. .. 907,020 0 0 Due 1st February, 1950 .. .. .. .. .. 138,003 10 7 Due 1st March, 1951 .. .. .. .. .. 100,000 0 0 Due 1st September, 1951 .. .. .. .. .. 50,000 0 0 Land for Settlements (Discharged Soldiers Settlement) Account— Due 1st September, 1951 .. .. .. .. .. 2,997,050 0 0 Land for Settlements (Opening up Crown Lands) Account— Due 1st April, 1933 .. .. .. .. .. 33,000 0 0 Due 1st April, 1948 .. .. .. .. .. 112,000 0 0 Due 1st October, 1948 .. .. .. .. .. 3,515 0 0 Due 1st April, 1949 .. .. .. .. .. 69,225 0 0 Carried forward .. .. .. .. .. |21,946,266 5 3 76,650 0 0

B.—l [PT. lIJ.

PUBLIC ACCOUNTS, 1 933-1 9 34.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT —continued.

63

£ s. d. £ s. d. Brought forward .. .. •• •• 21,946,266 5 3 76,650 0 0 New Zealand Loans Act, 1932—continued. Finance Act, 1933 (No. 2), Section 2 —continued. Securities converted —continued. Debentures —continued. Loans to Employers for Workers Dwellings Account — Due 1st January, 1949 .. .. •• •• •• 2,575 0 0 Loans to Local Bodies Account — Due 1st February, 1950 .. .. •• •• 1,870,000 0 0 Due 1st September, 1951 .. . • •• •• •• 250,225 0 0 Main Highways Account — Due 1st May, 1934. . .. .. •• •• 3 > 6 00 0 0 Due 1st June, 1951 .. . ■ •• •• 150,000 0 0 Maori Land Settlement Account — Due 1st February, 1950 .. .. •• 231,675 0 0 Mining Advances Account— Due 1st April, 1949 .. .. •• •• •• 6,' 000 0 0 Due 1st May, 1950.. .. ■■ ■■ •• •• 24,035 0 0 Native Land Settlement Account— Due 1st April, 1933 .. •• •• •• •• 80,000 0 0 Due 1st April, 1934 .. .. •• •• •• 1,106,000 0 0 Due 1st October, 1947 .. .. •• •• •• 20,000 0 0 Due 1st October, 1948 .. .. •• •• •• 361,600 0 0 Due 1st January, 1949 .. .. •• •• •• 35,500 0 0 Due 1st April, 1949 .. .. •• •• 1,409,500 0 0 Due 1st May, 1950.. .. •• •• ■■ 60,000 0 0 Due 1st December, 1951 .. •• 131,000 0 0 Railways Improvement Account — Due 1st January, 1934 .. .. •• •• 412,930 0 0 Due 1st February, 1934 .. .. •• •• 1,000 0 0 Due 1st January, 1949 .. •• •• 20,953 15 11 Railways Improvement Authorization Act 1914 Account — Due 1st September, 1933 .. •• -• •• •• 335,000 0 0 Due 1st February, 1934 .. .. •• •• •• 56,100 0 0 Due 1st July, 1949 .. ■■ •• • •• 10,300 0 0 Due 1st February, 1950 .. •• •• •• 674,000 0 0 Wellington-Hutt Railway and Road Improvement Account— Due 1st January, 1934 .. .. 11,700 0 0 Due 1st May, 1950.. .. • • •• •• •• 293,380 0 0 Wellington-Manawatu Railway Purchase Account— Due 1st March, 1951 .. .. • • 500,000 0 0 Raneitaiki Land Drainage Account — Due 1st April, 1933 .. •• 5 > 000 0 0 Due 1st March, 1934 .. .. .. •• •• 194,202 15 0 Due 1st October, 1948 .. .. •• •• •• 25,000 0 0 Due 1st April, 1949 .. •• •• •• •• 10,000 0 0 Due 1st December, 1950 .. . • • • • • • • 24,000 0 0 Due 1st December, 1951 .. .. .. ■■ •• 226,000 0 0 Samoan Loan Suspense Account — Due 1st April, 1934 .. .. .. •• 105,000 0 0 State Advances Account (Settlers Branch) — Due 1st December, 1933 .. .. •• 205,000 0 0 Due 1st January, 1934 .. .. •• •• •• 105,000 ,9 9 Due 1st February, 1934 .. .. 852,093 15 0 Due 1st April, 1934 .. •• •• •• 55,000 0 0 Due 1st October, 1948 .. .. •• 100,000 0 0 Due 1st April, 1949 .. .. •• •• 37,000 0 0 Due 1st June, 1951 .. 709,380 0 0 State Advances Account (Workers Branch) — Due 1st February, 1934 .. • • ■ • • ■ • • 230,406 5 0 Due 15th February, 1937 .. .. • • • ■ • • 500 0 0 Due 1st October, 1948 .. .. •• •• •• 325,000 0 0 Due 1st April, 1949 .. •• •• 100,000 0 0 Due 1st February, 1950 .. .. •• •• •• 23,340 0 0 Due 1st May, 1950.. .. •• •• •• 400,000 0 0 Due 1st August, 1950 .. •• •• 400,000 0 0 Due 1st November, 1950 .. • • • • • • • • 50,000 0 0 Due 1st June, 1951 .. • • 1,084,700 0 0 Due 1st September, 1951 .. .. •• •• 1,670 0 0 State Advances Account (Local Authorities Branch) — Due 1st April, 1947 .. .. 400,000 0 0 Due 1st October, 1947 .. .. •• •• 425,000 0 0 Due 1st April, 1948 .. •• •• 100,000 0 0 Due 1st October, 1948 .. .. •• •• •• 361,485 0 0 Due 1st April, 1949 275 'I 7 ® 2 2 Due 1st June, 1951 .. •• •• •• 210,000. 0 0. State Coal-mines Account — ' -■ r Due 1st April, 1934 .. .. •• •• •• 81,650 .0 0 State Forests Account— Due 1st August, 1933 .. .. •• •• •• 12 ?'°Xa r a Due 1st February, 1934 .. .. •• •• •• 1,000 0 0 Due 1st August, 1950 .. .. •• •• •• 0 0 Due let March, 1951 .. .. •• •• •• 170,000 0 0 Can-led forward 37,446.642 16 2 76,650 0 0

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1 933-1 9 34.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT —continued.

64

£ s. d. £ s. d. Brought forward .. .. .. .. 37,446,642 16 2 76,650 0 0 New Zealand Loans Act, 1932—continued. Finance Act, 1933 (No. 2), Section 2 —continued. Securities converted—continued. Debentures—continued. Swamp Land Drainage Account—■ Due 1st January, 1949 .. .. .. .. .. 41,000 0 0 Due 1st May, 1950.. .. .. .. .. .. 0 11 Due 1st March, 1951 .. .. . . . . .. 45,000 0 0 War Expenses Account — Due 1st February, 1934 .. .. .. .. .. 2,139,000 0 0 Due 1st July, 1949 .. .. .. .. .. ' 'lo'ooo 0 0 Due 1st April, 1949 .. .. .. .. .. 1,706,900 0 0 Due 1st September, 1951 .. .. .. .. .. 1 600 0 0 Due 1st December, 1951 .. .. .. .. .. 8,000 0 0 Westport Harbour Account— Due 1st January, 1949 .. .. .. .. .. 403,750 0 0 42,313,883 17 1 Stock— Ordinary Revenue Account— Due 15th February, 1937 .. .. .. .. .. 300 0 0 Public Works Fund—General Purposes Account— Due 1st September, 1937 .. .. .. .. .. 11,000 0 0 Due 15th December, 1940 (nominal value, £5,000) .. .. 0 0 Due 1st September, 1941 (nominal value, £80).. .. .. 78 8 0 Electric-supply Account— Due 15th August, 1933 .. .. .. ,. .. 41,600 0 0 Land for Settlements Account— Due 1st September, 1937 .. .. .. .. .. 2,000 0 0 Main Highways Account— Due 1st September, 1937 .. . . .. . . .. 26,000 0 0 State Advances Account (Settlers Branch) — Due 1st February, 1936 .. .. .. .. .. 25,450 0 0 State Advances Account (Workers Branch) — Due 15th August, 1933 .. .. .. .. .. 86,950 0 0 Due 1st February, 1936 .. .. .. .. .. 0 0 State Forests Account— Due 15th August, 1933 .. .. ,. ,. .. 000 0 0 War Expenses Account — Due 1st September, 1937 .. .. .. .. .. 17,000 0 0 Due 15th November, 1938 (nominal value, £200) .. .. ' 188 0 0 217,316 8 0 New Zealand Debt Conversion Act, 1932-33 —- Securities converted— Debentures— Ordinary Revenue AccountDue 1st August, 1934 .. .. ,, .. 13,750 0 0 Due 1st October, 1934 . . . , .. . . .. 2s'000 0 0 Due 1st November, 1934 . . . . . . ,. . . 0 0 Due 15th February, 1937 .. .. .. .. 57*950 0 0 Public Works Fund—General Purposes Account— Due 1st August, 1933 .. .. .. .. 11,000 0 0 Due 1st May, 1934. . .. .. .. .. 57*300 0 0 Due 1st July, 1934 .. .. .. .. 36,850 0 0 Due 1st August, 1934 .. .. ,. 70,850 0 0 Due 1st January, 1935 . . . . . . . . 250 0 0 Due 1st March, 1935 .. .. .. .. 31,350 0 0 Due 1st June, 1935 .. . , .. . . 15,350 0 0 Due 1st November, 1935 .. .. .. .. .. 3,920 0 0 Due 1st December, 1935 .. .. .. .. .. 0 0 Due 15th December, 1935 .. .. .. .. 15*380 0 0 Due 1st February, 1936 .. .. .. .. 87*600 0 0 Due 1st May, 1936. . . . . . . . . . . . 0 0 Due 1st August, 1936 .. .. . . .. . . 35,350 0 0 Due 1st February, 1937 .. . . . . . . 44*450 0 0 Due 15th February, 1937 . . . . . .. . . 0 0 Due 1st March, 1937 .. .. .. .. 4*850 0 0 Due 1st September, 1937 .. .. .. .. 324*700 0 0 Due 15th June, 1940 .. .. .. 106,*300 0 0 Due 15th December, 1940 . . . . . . , , . . 369*500 0 0 Due 1st January, 1941 .. .. .. .. 'goo 0 0 Due 15th April, 1941 .. .. .. .. .. 19,500 0 0 Due 1st May, 1941. . .. .. .. .. .. 52,'700 0 0 Due 1st June, 1941 .. .. .. .. ,, 212,600 0 0 Due 1st July, 1941 .. .. .. .. .. 0 0 Due 1st August, 1941 .. .. .. 15,000 0 0 ! Carried forward .. .. .. .. .. 2,807,350 0 0 142,607,850 5 1

B.—l [PT. ll].

PUBLIC ACCOUNTS, 1 933-1 934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

65

£ s. d. £ a. d. Brought forward . . .. .. .. .. 2,807,350 0 0 42,607,850 5 1 New Zealand Loans Act, 1932—continued. New Zealand, Debt Conversion Act, 1932-33 —continued. Securities converted —continued. Debentures —continued. Waihou and Ohinemuri Rivers Improvement Account— Due 15th February, 1937 .. .. .. .. .. 35,000 0 0 Electric Supply Account— Due 15th August, 1933 . . . . . . .. 74,550 0 0 Due 1st October, 1934 . . . , . . . . 40,520 0 0 Due 1st November, 1935 . . . , . . . , . . 16,500 0 0 Due 1st February, 1936 .. .. .. .. 94,950 0 0 Due 1st September, 1937 . . . . .. .. .. 152,600 0 0 Discharged Soldiers Settlement Account— Due 1st October, 1934 . . . . .. .. .. 29,000 0 0 Due 1st November, 1934 .. .. .. .. 21,000 0 0 Due 1st October, 1937 .. .. .. .. .. 50,000 0 0 Due 15th June, 1940 .. . . . . .. .. 387,470 0 0 Education Loans Account— Due 1st July, 1933 . . .. .. .. .. 500 0 0 Due 15th August, 1933 .. .. .. .. .. 68,550 0 0 Due 1st August, 1934 .. .. .. .. 37,800 0 0 Due 1st October, 1934 .. .. .. .. .. 109,490 0 0 Due 1st January, 1935 .. .. .. .. .. 15,000 0 0 Due 1st July, 1935 .. .. .. .. .. 15,500 0 0 Due 1st August, 1935 .. .. .. .. .. 55,200 0 0 Due 1st October, 1935 .. .. .. .. .. 40,000 0 0 Due 1st April, 1936 .. .. .. .. 5 ,150 0 0 Due, 1st May, 1936.. .. .. .. .. .. 1,960 0 0 Due 1st October, 1936 .. .. .. .. .. 0 0 Due 15th February, 1937 .. .. .. .. .. 49,500 0 0 Due 1st March, 1937 .. .. .. .. .. 7,900 0 0 Due 1st September, 1937 .. .. .. .. .. 23,150 0 0 Land for Settlements Account— Due 15th August, 1933 .. .. .. .. .. 2,000 0 0 Due 1st June, 1934 .. .. .. .. .. 33,100 0 0 Due 1st July, 1934 .. .. .. .. 10,000 0 0 Due 1st February, 1935 .. . . . . .. 13,000 0 0 Due 1st January, 1936 .. . . . . . . 800 0 0 Due 1st August, 1936 .. . . . . . . . . 53,600 0 0 Due 1st October, 1936 .. .. .. .. 18,950 0 0 Due 15th February, 1937 .. . , . . . .. 126 650 0 0 Due 1st April, 1937 .. . . . . . . ., |5 950 0 0 Due 1st June, 1937 .. .. .. .. .. 16,900 0 0 Due 1st August, 1937 .. .. .. .. .. 0 0 Due 1st September, 1937 .. .. .. .. .. 305,650 0 0 Due 15th June, 1940 . . .. . . . . .. 51 130 0 0 Due 1st January, 1941 .. .. .. .. .. 100 0 0 Due 31st March, 1941 .. .. .. .. 127,500 0 0 Due 1st April, 1941 . . .. , . . , . , 71' 700 0 0 Due 1st May, 1941. . .. .. .. .. 0 0 Due 1st July, 1941 .. .. .. 114,725 0 0 Due 1st August, 1941 .. .. .. .. 0 0 Due 1st September, 1941 . . . . . . 4,000 0 0 Main Highways Account— Due 15th August, 1933 .. .. . . .. .. 31,450 0 0 Due 1st April, 1934 .. .. . . .. 21,550 0 0 Due 1st May, 1934.. .. .. .. .. .. 850 0 0 Due 1st April, 1936 .. .. .. 17.050 0 0 Due 15th February, 1937 .. .. .. .. .. 137,400 0 0 Due 1st March, 1937 . . . . .. .. ., I 0 0 Due 1st September, 1937 .. .. .. .. . . 93,550 0 0 Maori Land Settlement Account - Due 1st July, 1941 .. .. .. .. . . 13,975 0 0 Mining Advances Account— Due 1st July, 1941 .. .. .. .. ., 8,000 0 0 Native Land Settlement Account— Due 1st May, 1933.. .. .. .. .. *7,200 0 0 Due 15th August, 1933 .. .. .. . , . . 100,000 0 0 Due 1st May, 1936.. .. .. .. .. , I 35,600 0 0 Due 1st February, 1937 . . . . . . , ., 13)350 0 0 Due 1st September, 1937 .. .. .. .. . . 10 ,000 0 0 Due 5th December, 1937 .. .. .. .. 3,000 0 0 Due 1st October, 1949 .. .. . 29,323 8 4 Railways Improvement Account— Due 1st July, 1941 .. ,. .. . .. 600 0 0 Due 1st August, 1941 .. .. .. . . ., 14,600 0 0 Due 1st September, 1941 .. .. .. .. : 2,800 0 0 Railways Improvement Authorization Act 1914 Account— Due 15th February, 1937 .. .. .. .. .. 53,250 0 0 Due 1st September, 1937 .. .. .. .. .. 0 0 Rangitaiki Land Drainage Acoount— Due 15th June, 1940 .. .. .. .. .. 5,000 0 0 Carried forward .. .. .. .. .. 6,014,933 8 4 42,607,850 5 1

B.—l [PT. ll],

PUBLIC ACCOUNTS, 1 933-1 934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

66

£ s. d. £ s. d. Brought forward .. .. .. .. .. 6,014,933 8 4 42,607,830 5 1 New Zealand Loans Act, 1932—continued. New Zealand Debt Conversion Act, 1932-33 —continued. Securities converted —continued. Debentures —continued. State Advances Account (Settlers Branch) — Due 16th August, 1933 .. .. .. .. .. 8,700 0 0 Due 1st March, 1934 .. .. .. .. .. 22,950 0 0 Due 9th October, 1934 .. .. .. .. .. 73,800 0 0 Due 1st January, 1936 .. .. .. .. .. 3,250 0 0 Due 1st February, 1936 .. .. .. .. .. 400,050 0 0 Due 1st March, 1936 .. .. .. .. .. 25,600 0 0 Due 1st April, 1936 .. .. .. .. .. .18,800 0 0 Due 15th February, 1937 .. .. .. .. .. 149,600 0 0 Due 1st September, 1937 .. . . . . . . . . 76,000 0 0 State Advances Account (Workers Branch) — Due 15th August, 1933 .. .. .. .. 537,670 0 0 Due 1st February, 1934 .. .. .. .. .. 27,200 0 0 Due 1st December, 1934 .. .. .. .. .. 31,400 0 0 Due 1st April, 1935 . . . . , . . . . . 15,000 0 0 Due 1st July, 1935 . . . . . . . . . 28,100 0 0 Due 1st February, 1936 .. .. .. .. .. 302,070 0 0 Due 1st April, 1936 .. . . . . . . 510 0 0 Due 1st February, 1937 .. .. .. .. .. 48,800 0 0 Due 15th February, 1937 .. .. .. .. .. 184,050 0 0 Due 1st September, 1937 .. .. .. .. .. 138,050 0 0 Due 1st July, 1941 .. .. .. .. .. 10,000 0 0 State Forests Account— Due 15th August, 1933 .. .. .. .. .. 108,010 0 0 Due 1st August, 1934 .. .. .. .. .. 24,890 0 0 Due 1st January, 1935 .. .. .. .. .. 20,000 0 0 Due 1st December, 1935 .. .. .. .. .. 20,400 0 0 Due 15th February, 1937 .. .. .. .. .. 143,700 0 0 Due 1st March, 1937 .. .. .. .. .. 5,700 0 0 Due 1st September, 1937 .. .. .. .. .. 34,900 0 0 Swamp Land Drainage Account— Due 1st July, 1936 .. .. .. .. .. 12,750 0 0 War Expenses Account— Due 15th August, 1933 .. .. .. . . 125,350 0 0 Due 1st November, 1935 . . . . .. . . . . 34,400 0 0 Due 1st December, 1935 .. .. .. 19,600 0 0 Due 1st February, 1936 . . . . . . . . . . 49,260 0 0 Due 1st February, 1937 . . . . . . . . . . 3,000 0 0 Due 15th February, 1937 .. .. .. .. 39,100 0 0 Due 1st September, 1937 .. .. .. .. .. 1,053,700 0 0 Due 15th November, 1938 .. .. .. .. .. 3,980,700 0 0 Due 20th April, 1939 .. .. .. .. .. 1,884,300 0 0 Due 1st September, 1941 .. .. .. .. .. 687,550 0 0 Westport Harbour Account— Due 15th February, 1945 .. . . .. .. .. 500 0 0 16,364,333 8 4 Stock— Ordinary Revenue Account— Due 15th February, 1937 .. .. .. .. .. 1,057,950 0 0 Due 1st September, 1937 .. .. .. .. 133,520 0 0 Due 1st November, 1947 .. .. .. .. 34,739 11 4 Public Works Fund—General Purposes Account— Due 15th August, 1933 .. .. .. .. . . 162,850 0 0 Due 15th December, 1935 .. .. .. .. .. 1,200 0 0 Due 1st February, 1936 .. .. .. .. .. 225,460 0 0 Due 15th February, 1937 .. .. .. .. .. 2,694,860 0 0 Due 1st September, 1937 .. .. .. .. .. 573,060 0 0 Due 15th June, 1940 .. .. .. .. .. 183,540 0 0 Due 15th December, 1940 .. .. .. .. .. 9,050 0 0 Due 1st May, 1941.. .. . . .. .. .. 500 0 0 Due 1st July, 1941 .. .. .. .. 15,000 0 0 Due 1st August, 1941 .. .. .. .. .. 4,700 0 0 Due 1st September, 1941 .. .. .. .. .. 335,890 0 0 Due 1st March, 1944 .. .. .. .. .. 22,343 15 3 Due 1st March, 1945 .. .. .. .. .. 7,156 0 0 Due 1st July, 1945 .. .. .. .. .. 4,200 0 0 Due 1st January, 1946 .. .. .. .. .. 7,815 0 0 Electric Supply Account— Due 15th August, 1933 .. .. .. .. .. 347,150 0 0 Due 1st February, 1936 .. .. .. .. .. 300,250 0 0 Due 15th February, 1937 .. .. .. .. .. 204,400 0 0 Due 1st September, 1937 .. .. .. .. .. 542,600 0 0 Discharged Soldiers Settlement Account— Due 1st September, 1937 .. .. .. .. .. 500 0 0 Due 15th June, 1940 .. .. .. .. .. 2,381,560 0 0 Carried forward .. .. .. .. .. j9,250,294 6 7 58,972,183 13 5

B.—l [Pt. ll].

PUBLIC ACCOUNTS, 1933-1934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT —continued.

67

£ s. d. £ f. d. Brought forward .. .. •• •• •• 9,250,294 6 7 58,972,183 13 5 New Zealand Loans Act, 1932 —continued. New Zealand Debt Conversion Act, 1932-33 —continued. Securities converted —continued. Stock —continued. Education Loans Account— Due 15th August, 1933 .. .. •• •• •• 71,380 0 0 Due 1st July, 1935 .. .. •• •• 60,500 0 0 Due 15th February, 1937 .. .. . ■ •• 138,750 0 0 Due 1st September, 1937 .. .. .. •• •• 34,490 0 0 Hauraki Plains Settlement Account — Due 15th February, 1937 .. .. . ■ • • ■ • 10,000 0 0 Land for Settlements Account — Due 15th August, 1933 .. .. •• • 2,700 0 0 Due 30th June, 1936 »>660 0 0 Due 15th February, 1937 .. .. .. •• •• 372,810 0 0 Due 1st .September, 1937 .. .. .. 2,075,950 0 0 Due 15th June, 1940 .. •• •• ■■ 2 5 Due 1st February, 1941 .. .. •• •• 2,200 0 0 Due 1st July, 1941 .. .. •• •• 9 9 Due 1st August, 1941 .. .. •• •• » ' 99 9 9 Due 1st September, 1941 .. .. .. •• 100,750 0 0 Land for Settlements (Discharged Soldiers Settlement) Account — Due 1st February, 1936 .. .. .. •• •• 80,000 0 0 Main Highways Account— Due 15th August, 1933 142,830 0 0 Due 15th February, 1937 .. .. .. 63o,870 0 0 Due 1st September, 1937 .. .. .. •• •• 452,430 0 0 Maori Land Settlement Account — Due 1st September, 1941 .. .. .. • • • ■ 900 0 0 Mining Advances Account — Due 1st September, 1941 .. .. •• •• •• 2,000 0 0 Native Land Settlement Account — Due 15th February, 1937 .. .. .. •• •• 81,180 0 0 Due 1st September, 1937 .. .. .. •• •• 247,900 0 0 Railways Improvement Account — Due 1st July, 1941 .. .. • • • • ■ • g00 0 0 Due 1st August, 1941 .. .. • • • • • • 500 0 0 Due 1st September, 1941 .. .. ■ • ■ • • ■ °00 0 0 Railways Improvement Authorization Act 1914 Account —• Due 1st February, 1936 .. .. •• •• •• jjO, 810 0 0 Due 15th February, 1937 .. .. .. •• •• 167,590 0 0 Due 1st September, 1937 .. .. .. ■■ •• 35,550 0 0 Due 1st March, 1958 .. .. •• •• 2,522 13 3 State Advances Account (Settlers Branch) — Due 15th August, 1933 .. .. •• •• •• 153,940 0 0 Due 9th October, 1934 .. .. •• •• 321,600 0 0 Due 1st February, 1936 .. .. .. •• •• 1,937,110 0 0 Due 15th February, 1937 1,059,060 0 0 Due 1st September, 1937 .. .. . • • ■ ■ • 436,400 0 0 Due 1st February, 1951 .. .. •• •• •• 337,500 0 0 State Advances Account (Workers Branch) — Due 15th August, 1933 .. .. •• •• 1 >234,210 0 0 Due 9th October, 1934 .. .. •• •• •• 122,700 0 0 Due 1st February, 1936 .. .. .. •• •• 768,290 0 0 Due 15th February, 1937 .. .. .. •• •• 706,590 0 0 Due 1st September, 1937 .. .. .. •• 676,520 0 0 Due 1st February, 1951 .. .. • • ■ • • • 200,000 0 State Forests Account — Due 15th August, 1933 .. .. •• •• "®9''?Z9 9 9 Due 15th February, 1937 .. .. •• •• •• 456,470 0 0 Due 1st September, 1937 .. .. •• 160,400 0 0 Swamp Land Drainage Account — Due 15th February, 1937 .. .. •• •• 12,000 0 0 War Expenses Account — Due 15th August, 1933 .. •• •• •• 9-3,780 0 0 Due 1st February, 1936 .. •• •• •• 221,690 0 0 Due 15th February, 1937 .. .. •• •• 377,130 0 0 Due 1st September, 1937 2 208,775 0 0 Due 15th November, 1938 .. ■ . ■ • • • • • 17,618,159 0 0 Due 20th April, 1939 .. •• •• •• •• 5,678,760 0 0 Due 1st September, 1941 .. .. •• 2,701,030 0 0 Due 1st August, 1951 52<947)452 10 x • Death Duty Stock— Ordinary Revenue Account — Due 15th February, 1937 .. .. .. •• •• 15,250 0 0 Public Works Fund—General Purposes Account — Due 15th February, 1937 .. .. •• •• 14,900 0 0 Due 1st September, 1937 .. .. •• ■■ 7,300 0 0 Carried forward 37,450 0 0 111,919,636 3 6

B.—l [PT. ll],

PUBLIC ACCOUNTS, 1 933-1 934.

STATEMENT of the DISBURSEMENTS of LOANS REDEMPTION ACCOUNT—continued.

68

! ~ I I £ s. d. | £ s. d. Brought forward .. .. .. .. .. 37,450 0 0 111,919,636 3 6 New Zealand Loans Act, 1932—continued. New Zealand Debt Conversion Act, 1932-33 —continued. Securities converted—continued. Death Duty Stock—continued. Electric Supply Account— Due 1st February, 1936 .. .. .. .. .. 1,950 0 0 Due 15th February, 1937 .. .. .. .. .. 2,200 0 0 Due 1st September, 1937 .. .. .. .. .. 3,500 0 0 Discharged Soldiers Settlement Account— Due 15th June, 1940 .. .. .. .. .. 87,350 0 0 Education Loans Account — Dae 15th February, 1937 .. .. .. .. .. 15,450 0 0 Land for Settlements Account — Due 15th February, 1937 .. .. .. .. .. 5,400 0 0 Due 1st September, 1937 .. .. .. .. .. 25,300 0 0 Due 15th June, 1940 .. .. .. .. .. 3,500 0 0 Main Highways Account — Due 15th February, 1937 .. .. .. .. .. 2,900 0 0 Due 1st September, 1937 .. .. .. .. 5,900 0 0 Native Land Settlement Account — Due 15th February, 1937 .. .. .. .. .. 12,250 0 0 Due 1st September, 1937 .. .. .. .. .. 750 0 0 Railways Improvement Authorization Act 1914 Account — Due 1st February, 1936 .. .. .. .. .. 6,000 0 0 Due 1st September, 1937 .. .. .. .. .. 700 0 0 State Advances Account (Settlers Branch) — Due 1st February, 1936 .. .. .. .. .. 82,700 0 0 Due 15th February, 1937 .. .. .. .. .. 21,100 0 0 Due 1st September, 1937 .. .. .. .. .. 11,500 0 0 State Advances Account (Workers Branch) — Due 15th August, 1933 .. .. .. .. .. 800 0 0 Due 1st February, 1936 .. .. .. .. .. 6,000 0 0 Due 15th February, 1937 . . .. .. .. .. 6,900 0 0 Due 1st September, 1937 .. .. .. .. .. 3,350 0 0 State Forests Account — Due 15th February, 1937 .. .. .. .. .. 3,900 0 0 Due 1st September, 1937 .. .. .. .. .. 5,500 0 0 War Expenses Account— Due 15th August, 1933 .. .. .. .. .. 1,300 0 0 Due 1st February, 1936 .. .. .. .. .. 100 0 0 Due 1st September, 1937 .. .. .. .. .. 39,250 0 0 Due 15th November, 1938 .. .. .. .. .. 344,525 0 0 Due 20th April, 1939 .. .. .. .. .. 144,440 0 0 Due 1st September, 1941 .. .. .. .. .. 4,950 0 0 886,915 0 0 Stock Certificates— Due 15th November, 1938 .. .. .. .. .. 3,500 0 0 Due 20th April, 1939 .. .. .. .. .. 700 0 0 4,200 0 0 Premiums on conversion— Ordinary Revenue Account .. .. .. .. .. 4,105 15 7 Public Works Fund —General Purposes Account .. .. 59,530 4 9 Electric Supply Account .. .. .. .. .. 17,070 0 0 Waihou and Ohinemuri Rivers Improvement Account .. .. 510 0 0 Education Loans Account .. .. .. .. . • 4,525 0 0 Hauraki Plains Settlement Account .. .. .. .. 145 0 0 Land for Settlements Account.. .. .. .. ■■ 24,735 0 0 Land' for Settlements (Discharged Soldiers Settlement) Account .. 895 0 0 Main Highways Account .. .. .. .. .. 18,510 0 0 Maori Land Settlement Account .. .. .. .. 95 0 0 Mining Advances Account .. .. .. .. . • 25 0 0 Native Land Settlement Account .. .. .. .. 5,886 11 8 Railways Improvement Account .. .. .. .. 105 0 0 Railways Improvement Authorization Act 1914 Account .. .. 4,682 6 9 State Advances Account (Settlers Branch) .. .. .. 63,595 0 0 State Advances Account (Workers Branch) .. .. .. 43,685 0 0 State Forests Account .. .. .. .. 10,505 0 0 Swamp Land Drainage Account .. .. .. .. 255 0 0 War Expenses Account .. .. .. .. .. 232,394 9 9 491,254 8 6 Amounts lodged to bring premiums on conversion up to a multiple of .. 16,319 7 8 £5 transferred to Ordinary Revenue Account to meet cost of conversion Total .. .. .. .. •• •• £113,318,324 19 8

B.—l |PT. ll],

PUBLIC ACCOUNTS, 19 3 3-19 34.

STATE COAL-MINES ACCOUNT.

DETAIL STATEMENT of RECOVERIES on ACCOUNT of EXPENDITURE of PREVIOUS YEARS, for the FINANCIAL YEAR ended 31st March, 1934. £ s. d. Recovery of insurance on cottages destroyed by fire .. .. .. . . .. 390 0 0 Sale of plant .. .. .. .. .. . . .. . . ■ • • • j 430 16 0 £820 16 0

STATE FORESTS ACCOUNT,

DETAIL STATEMENT of RECOVERIES on ACCOUNT of EXPENDITURE of PREVIOUS YEARS, for the FINANCIAL YEAR ended 31st Mabch, 1934. £ s. d. Recovery of survey charges—Eyrewell Plantation .. ~ . . .. .. .. 10 7 9 Sale of— Land and buildings .. .. .. .. .. .. .. . . .. 17 0 0 Surplus and obsolete stores .. .. . . . . . . .. .. 210 11 0 £237 18 9

69

B.—l [Pt. ll].

STATEMENT of TEMPORARY TRANSFERS between ACCOUNTS within the PUBLIC ACCOUNT in terms of Section 40 of the PUBLIC REVENUES ACT, 1926, during the FINANCIAL YEAR ended 31st March, 1934.

PUBLIC ACCOUNTS, 1 9 33-1 934.

A. D. Park, Secretary to the Treasury. G. C. Rodda, Assistant Secretary to the Treasury. Examined and found correct. 6. F. C. Campbell, Controller and Auditor-General, The Treasury, Wellington, 4th September, 1934. 4th September, 1934.

Approximate Cost of Paper.—Preparation, not given; printing (535 copies), £165.

By Authority: G. H. Lonky, Government Printer, Wellington.—l 934.

Price Is. 9d.J

70

Transfer to Transfer from Date of Transfer. karate.' Repayment due. Amounts repaid. ! Date repaid. i jPerCent. £ s. d. £ s. d. £ s. d. Land for Settlements Account .. .. .. Public Works Fund—Genera] Purposes 30 June, 1933 i 3f- 10,000 0 0 30 June, 1934 10,000 0 0 24 Aug., 1933 Account State Forests Account Ditto 30 „ 1933 | 3f 10,000 0 0 30 „ 1934 10,000 0 0 24 „ 1933 .. , £20,000 0 0 £20,000 0 0 I I

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Permanent link to this item

https://paperspast.natlib.govt.nz/parliamentary/AJHR1934-I.2.1.3.2

Bibliographic details

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1933-1934. PART II. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL UNDER THE PUBLIC REVENUES ACT, 1926. ALSO REPORT OF THE CONTROLLER AND AUDITOR-GENERAL., Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part02

Word Count
50,563

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1933-1934. PART II. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL UNDER THE PUBLIC REVENUES ACT, 1926. ALSO REPORT OF THE CONTROLLER AND AUDITOR-GENERAL. Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part02

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1933-1934. PART II. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL UNDER THE PUBLIC REVENUES ACT, 1926. ALSO REPORT OF THE CONTROLLER AND AUDITOR-GENERAL. Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part02

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