PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1934-1935. PART III. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL. ALSO STATEMENT SHOWING THE PUBLIC DEBT OF THE DOMINION AS ON THE 31st MARCH, 1935.

Appendix to the Journals of the House of Representatives, 1935 Session I, B-01-part03

B.—l [Pi. Ill]-

1935. NEW ZEALAND.

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1934-1935. PART III. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL. ALSO STATEMENT SHOWING THE PUBLIC DEBT OF THE DOMINION AS ON THE 31st MARCH, 1935.

I—B, 1 [PT. Ill].

B — 1 [PT. Ill].

CONTENTS.

THE PUBLIC DEBT OF NEW ZEALAND ON 31st MARCH, 1935 page The Public Debt .. .. .. .. ~ .. _ t » Public Debt funded in Terms oe Section 8 of the Finance Act, 1922 .. .. 9 STATEMENT OF SECURITIES ISSUED UNDER THE RURAL ADVANCES ACT, 1926 .. .. 9 STATEMENT OF LOANS GUARANTEED BY THE GOVERNMENT .. .. .. .. jo STATEMENT OF SINKING FUNDS ACCRUED TO THE-31st MARCH, 1935 .. .. .. n STATEMENT OF RECEIPTS AND DISBURSEMENTS OF THE SINKING FUNDS DURING THE FINANCIAL YEAR ENDED 31ST MARCH, 1935 .. .. .. .. .. 12 STATEMENT, AS AT 31st MARCH, 1935, SHOWING ANALYSIS OF THE PUBLIC DEBT UNDER THE SEVERAL PURPOSES FOR WHICH THE MONEYS HAVE BEEN RAISED U

2

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1935.

B.—ll [Pt. Ill].

PUBLIC ACCOUNTS, 1934-1935.

3

Annual Charge. Domicile of Principal. Amount j Due p a j e- I Remarks. ' Interest. When payable. New Zealand. London. j Australia. rtl I — .ywgw . . t— _— . .—- — : — ■ r : New Zealand Loans Aot, 1932 £ s. d. % £ £ s. d. £ s. d. £ TTimr-pspntpd Debentures and Stock .. .. 115 0 0 i 15 Dec., 1920 .. .. 115 9 9 " " 5 0 0 15 Dec., 1925 4J .. .. 5 0 0 .. | 900 0 0 ! 15 Nov., 1927 5 .. .. 900 0 0 .. j - 200 0 0 1 July, 1930 5£ I .. 200 0 0 .. 200 0 0 1 Sept., 1930 4| .. .. 200 0 0 .. " 500 0 0 15 Jan., 1933 5J -. .. 500 0 0 .. • • I 500 0 Ol 1 Feb., 1933 5£ I •• 500 0 0 .. 1,200 0 0 9 Oct., 1934 5£ .. i •• •• •• 177,400 0 0 1 July, 1935 5J- 9,314 1 Jan. and 1 July .. •• 177,400 0ptiontorepay£10;133j800maturing * " 1 July, 1945. 152 570 0 0 1 Feb., 1936 5i 8,391 1 Feb. and 1 Aug. 22,470 0 0 120,800 0 0 9,300 £1150 subject to New Zealand Debt ' ! " i | Conversion Act. 1 Au°- 1936 i • • • • • • • • Option to repay £5,869,988 9s. 9d. . | " " maturing 1st August, 1951. 15 Jan., 1937 i .. j .. .. •• •• •• Option to repay £12,436,040 6s lid. maturing 15th January, 1940. 468 030 0 0 15 Feb., 1937 ! 54 23,987 15 Feb. and 15 Aug. 1,880 0 0 .. 466,150 238 450 0 0 15 Feb 1937 5* 13,115 15 Feb. „ 15 Aug. 29,350 0 0 7,500 0 0 201,600 £200 subject to New Zealand Debt Conversion Act. 500,000 0 0 15 April, 1937 3 15,000 15 April ,, 15 Oct. 500,000 0 0 113' 180 0 0 1 Sept" 1937 5J I 6,225 1 Mar. " J Sept! 0 0 .. 92,600 £1,400 subject to New Zealand Debt ' 1 Conversion Act. - 220,000 0 0 28 Feb., 1938 3§ 7,700 28 Feb. „ 31 Aug. 220,000 0 0 250,000 0 0 15 May, 1938 j 3J 7,813 15 May „ 15 Nov. 250,000 0 0 2 810 0 0 15 Nov , 1938 I 3 I 84 15 May ,, 15 Nov. 2,810 0 0 •• •• 19'320 0 0 15 Nov 1938 41 869 15 Mav „ 15 Nov. 12,320 0 0 4,000 0 0 3,000 £2,800 subject to New Zealand Debt ' I ° Conversion Act. 15 Nov., 1938 j .. •• -- •• Option to repay £3,842 885 maturing 15th November, 1941. 2 900 0 0 20 April, 1939 j 4+ I 130 20 April and 20 Oct. 1,900 0 0 1,000 0 0 .. £300 subject to New Zealand Debt ' r " j Conversion Act. 17,176,532 0 0 1 Jan., 1940 3| 601,179 1 Jan. ,, 1 July 4,341 8 8 17,172,190 11 4 8,900 0 0 15 Jan., 1940 3f | 333 15 Jan. „ 15 July 8,900 0 0 •• _ 12,436,040 6 11 15 Jan., 1940* 4 ! 497,442 15 Jan. „ 15 July 12,334,915 6 11 101,125 0 0 .. -Repayable at the option of the ' ' Government at par on or aiter 15th January, 1937, on three j months' notice. Carried forward .. 31,781,172 6 11 .. .. 1,192,15s! .. 13,423,306 15 7 17,406,615 11 4 951,250

B.—l [Pt. Ill],

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1935—continued.

PUBLIC ACCOUNTS, 193 4 -193 5.

4

Annual Charge. Domicile of Principal. outstanding. Due Date - c £ | liemarks. i-Sgi Interest. When payable. Hew Zealand. London. Australia. ® "S sS | ' " " ~ ' ( | ? — J" ■■ "■■■ —7 — — : : — i 7 —— £ s. d. I % I £ | £ s. d. £ s. d. £ Brought forward .. 31,781,172 6 11 J .. .. 1,192,153 .. I 13,423,306 15 7 17,406,615 11 4 951,250 New Zealand Loans Act, 1932 —continued. Debentures and Stock—cordinuei. .. 15 Mar., 1940 .. .. .. j .. .. | Option to repay £13,745,930 matur- ~ ! ing 15th March, 1943. 500,000 0 -0 j 15 Sept., 1940 3J 16,250 15 Mar. and 15 Sept. 500,000 0 0 15 >0 <0 15 Dee., 1940 4| | .. 15 June „ 15 Dee. j 15 0 0 .. | £15 subject to New Zealand Debt Conversion Act. 10,300 0 0 1 July, 1941 4| 464 1 Jan. ,, 1 July .. . 10 300 7,000 0 0 1 Aug., 1941 4| j 315 1 Feb. „ 1 Aug. .. .. 7'000 100 0 0 1 Sept., 1941 1 4| 4 1 Mar. 1 Sept. 100 0 0 .. .. £100 subject to New Zealand Debt -| i I Conversion Act. 2,500 0 0 1 Sept., 1941 j oj 131 1 Mar. ,, 1 Sept.; 2,500 0 0 .. | 3,842,885 0 0 15 Nov., 1941 * 3| | 144,108 15 May ,, 15 Nov. 3,842,885 0 0 .. .. * Repayable at the option of the Government at par on or after 15th November, 1938, on three i months' notice. 37,000 0 0 1 Mar., 1942 j 4 1,480 1 Mar. „ 1 Sept. j 37,000 0 0 10,900 0 0 1 Jan., 1943f 4 436 1 Jan. ,, 1 July 10,900 0 0 .. .. f Repayable at the option of the Government at par 011 or after j 1st January, 1933, on three t I months' notice. 1 Feb., 1943 .... .. .. .. > # Option to repay £10,884,628 maturing 1st February, 1963. 1943 .... .. .. .. .. Option to repay £10,304,240 maturing 15 th February, 1946. 13,/45,930 ! 0 0 15 Mar., 1943$ : 481,108 15 Mar. and 15 Sept. j 13,745,930 0 0 .. .. J Repayable at the option of the Government at par on or after 15th March, 1940, on three „ ,, months' notice. 7,339,656 4 9 1 Mar., 1944 4J 330,284 1 Mar. „ 1 Sept. .. 7.339,656 4 9 199,500 0 0 15 Feb., 1945 5 9,975 15 Feb. „ 15 Aug. .. 199,500 0 0 7,580,907 11 10 1 Mar., 1945 4| 341,141 1 Mar. ,, 1 Sept. .. 7,580'907 11 10 9,659,980 1 1 1 April, 1945 3 289,799 1 April ,, 1 Oct. 2,500 0 0 9,657,480 1 1 10,135,800 0 0 1 July, 1945§ 5 506,790 1 Jan. ,, 1 July .. 10,135,800 0 0 .. § Repayable at the option of the Government at par on or after 1st July, 1935, on three months' — *—— — — — 1 . .— notice Carried forward .. 84,853,646 4 7 .. .. 3,314,438 .. 31,565,136 15 7 52,319,959 9 0 968,550

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1935-continued.

B.—l [Pt. Ill].

PUBLIC ACCOUNTS, 1934^1936.

5

Annual Charge. Domicile o( Principal. a • Remarks. Amount Due Date. «g-g I , | outstanding. g I In tere*t. When payable. New Zealand. London. Australia. 531 ! | Brought forward .. 4 If .. % 3,314,438 .. 31, 56 5 fl36 15 *7 52, 9 0 968?650 ! New Zealand Loans Act, 1932 —continued. ! ca nnn+ i i , n.,. 2 090 909 1 9 .. ; * Repayable at the option of the Debentures and Stoek —continued. 2,090,909 1 9 1 Dec., 1945* 4J 94,090f 1 June and 1 Dee. .. f/ovemmenton or after 1st Decern- 1 ber, 1925, by giving three months' notice in the London Gazette. I «.«..no»» mm i»* •• •• ; ♦■tsaraSffissisr 10,304,240 0 0 II»,1«1!1 412,170 1« Feb. „ IS A.g, 10,304,240 0 0 •• •• j '^KSltS I 15th February, 1943, on three months' notice. , _ . „ , ! Option to repay £9,476,595 matur15 April, 1946 .. .. •• •• ing 15th April, 1949. 11,221,608 16 5 1 Nov., 1947 4i 504,972 1 May and 1 Nov. .. 11,221,608 16 5! Option to repay £19,225,465 maturlMar., 1948 .. .. •• •• ing 1st March, 1958. 10,500 0 0 lJan., 1949 4 420 1 Jan. and 1 July 10,500 0 0 .. •• . repay £5,000,000 matur1 Feb., 1949 .. ! .. •• •• I F inglst February, 1954. 9,476,595 0 0 15 April, 1949 § 4 379,064 15 April and 15 Oct. 9,476,595 0 oj - •• § a^or^ I 15th April, 1946, on three i | months' notice. .... I .. ! Option to repay £13,723,145 ma tur15 May, 1949 .. .. • • " i ! ing 15th May, 1952. 7,500,000 0 0 15 Dec., 1949 5 1 375,000 15 June and 15 Dec. .. 7,500,000 0 0 9 0 0 15 Dec., 1950 3| j 8,750 15 June „ 15 Dec. 250,000 0 0 q q . q 9 1 Ane"' 195111 352'l99 1 Feb' 1 Aug. .. 5,869,988 9 9 .. [| Repayable at the option of the 5,869,988 9 9 1 Aug., 1951 1| b j x Government at par on or after 1st August, 1936, on three ! months' notice. ,3,723,145 0 0 15 May, 3* j 480,310 15 May „ 15 Nov. 13,723,145 0 0 .. - 15th May, 1949, on three months' - notice. Carried forward .. 160,651,742 16 3 .. .. 6,701,293 .. 65,329,616 15 7 93,138,576 0 8 2,183,550

B.—l [PT.IĪĪI.

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1935-continued.

PUBLIC ACCOUNTS, 1934-1 935

6

Annual Charge. Domicile of Principal. Amount ., , • : ■ * J - - ' 0 ~ 1 " " ' —: — ! outstanding. Due Date - I Remarks. ,|JS Interest. When payable. New Zealand. London. Australia | ! i ■ j £ s. d. °/o £ £sd£sd£ Brought forward ..160,651,742 16 3 .. .. 6,701,293 .. 65,329,616 15 7 93,138,576 0 8 2,183 560 New Zealand Loans Act, 1932 —continued. Debentures and Stock continued. .. 15 June, 1952 .. .. .. .. .. | Option to repay £10,656,740 matur5,000,000 0 0 1 Feb., 1954* 3J 175,000 1 Feb. and 1 Aug. .. 5,000,000 0 0 .. * of the Government at par on or after 1st February, 1949, on three 10,656,740 0 0 15 June, 1955t 4 426,270 15 June „ 15 Dec. 10,656,740 0 0 .. .. f R^payable^t' 'The option of the j Government at par on or after 15th June, 1952, on three months' l O f- l ! notice. *' j *" " * • • • • • • Option to repay £3,989,100 matur250,750 0 0 1 Jan., 1956 13 7,523 1 Jan. and 1 Jul, 250,750 0 0 . .. ing 15th October, 1960. 3,706 0 0 1 Jan., 1956 i 3J 130 1 Jan. „ 1 July i 3,706 0 0 100,000 0 0 1 Jan., 1956 j 4 4,000 1 Jan. ,, 1 July j 100,000 0 0 .. •• 1 Not., 1956 .. .. .. , . _ _ _ _ Option to repay £5,000,000 matur1,417,000 0 0 15 Jan., 1957 [ 2J 35,425 15 Jan. and 15 July 1,417,000 0 0 .. .. mg1st November, 1971. 46,900 0 0 15 Jan., 1957 j 3 1,407 15 Jan. „ 15 July j 34,000 0 0 12,900 0 0 2,295,105 0 0 15 Jan., 1957 J Si 80,329 15 Jan. „ 15 July ! 2,295,105 0 0 287,385 0 0 1 Feb., 1957 3 8,622 1 Feb. t , 1 Aug. 287,385 0 0 1,417,000 0 0 15 May, 1957 I 2£ j 35,425 15 May „ 15 Nov. I 1,417.000 0 0 2,390,970 0 0 15 May, 1957 j 3* 83,684 15 Mav „ 15 Nov. 2,390,970 0 0 1,417,000 0 0 15 Aug., 1957 ; 2J 35,425 15 Feb. „ 15 Aug. ! 1,417.000 0 0 2,733,900 0 0 15.Aug., 1957 3 82,017 15 Feb. „ 15 Aug. 2,733,900 0 0 1,642,755 0 0 15 Aug., 1957 j 4 65,710 15 Feb. „ 15 Aug. 1,642,755 0 0 1,417,000 0 0 15 Feb., 1958 j 2J 35,425 15 Feb. „ 15 Aug. I 1,417,000 0 0 2,402,920 0 0 15 Feb., 1958 3§ 84,102 15 Feb. „ 15 Aug. 2,402,920 0 0 19,225,465 0 0 1 Mar., 1958 J 4| 865,146 1 Mar. „ 1 Sept. .. 19,225,465 0 0 !! 1 Repayable at the option of the Government at par on or after ! I 1st March, 3948, on three months' 1,417,000 0 0 15 June, 1958 2-J 35,425 15 June „ 15 Dec. 1,417,000 0 0 .. i notloe - 2,400,000 0 0 15 June, 1958 3J- 84,000 15 June „ 15 Dec. 2,400,000 0 0 1,417,000 0 0 15 Sept., 1958 2J 35,425 15 Mar. ,, 15 Sept. 1,417,000 0 0 .. Carried forward .. 218,590,338 16 3 .. ..8,881,783 .. 99,029,847 15 7 117,376,941 0 8 2,183,550

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1935—continued.

B.—l [Pt. 1111.

PUBLIC ACCOUNTS, 1934-1935.

7

Annual Charge. I Domicile of Principal. — outstanding. Due Date - "Si : j RemarksInterest. When payable. { New Zealand. London. Australia. 1 I p5(S I £ s. d. °/ £ £ s. d. £ s. d. £ Brought forward .. 218,590,338 16 3 .. .? 8,881,783 .. 99,029,847 15 7 117,376,941 0 8 2,183,550 New Zealand Loans Act, 1932 —continued. i Debentures and Stock —continued. 2,400,000 0 0 15 Sept., 1958 3| 84,000 15 Mar. and 15 Sept. 2,400,000 0 0 .. i .. 1,417,000 0 0 15 Dec., 1958 2J 35,425 15 June 15 Dec. 1,417,000 0 0 2,920,000 0 0 15 Dec., 1958 3 87,600 15 June „ 15 Dec. 2,920,000 0 0 1,200,676 0 0 15 Mar., 1959 3 36,020 15 Mar. „ 15 Sept. 1,200,676 0 0 2,400,000 0 0 15 Mar., 1959 31- 84,000 15 Mar. „ 15 Sept. 2,400,000 0 0 66,390 0 0 15 Mar., 1959 4" 2,656 15 Mar. „ 15 Sept. 66,390 0 0 4,487,350 0 0 15 July, 1959 3 134,621 15 Jan. „ 15 July 4,487,350 0 0! 380,000 0 0 15 July, 1959 3| 14,250 15 Jan. „ 15 July 380,000 0 0 .. .. . 2,745,535 0 0 15 Nov., 1959 3 82,366 15 May „ 15 Nov. 2,745.535 0 0 3,989,100 0 0 15 Oct., 1960* 3J 139,619 15 April „ 15 Oct. .. 3,989,100 0 0 .. * Repayable at the option of the Go- j 10,884,628 0 0 1 Feb., 1963f 4 435,385 1 Feb. „ 1 Aug. 378,638 14 4 10,505,989 5 8 .. vernment at par on or after 15th October, 1955, on three months' notice. f Repayable at the option of the 5,000,000 0 0 1 Nov., 1971 J 5 250,000 1 May „ 1 Nov. .. 5,000,000 0 0 .. Government at par on or after 1st February, 1943, on three months' Total Debentures and Stock 256,481,017 16 3 .. .. 10,267,725 .. 117,425,437 9 11 136,872,030 6 4 2,183,550 notice. —— —— — J Repayable at the option of the Government at par in whole or in j Funding Agreement with Imperial 577,446 11 5§ 1 June, 104-5'i •• 28,363** 1 June and 1 Dec. .. 577,446 11 5 .. part on or after 1st November, Government 1956, on three months' notice. 23,522,752 19 2§ 1 Dec., 1957H .. 1,164,867** 1 June „ 1 Dec. .. 23,522,752 19 2 — — — — — § Balance of £27,532,164, Imperial 24,100,199 10 7|! .. .. .. .. .. 24,100,199 10 7 .. Government advances, funded in terms of section 8, Finance Act, 1922. Details of original loan as funded shown in B.-l [Pt. II], 1921-22. || Details on page 9. Approximately. ** Payments suspended in terms of j agreement with Imperial Government. — J Carried forward .. 280,581,217 6 10 .. .. 11,460,955 .. 117,425,437 9 11 160,972,229 16 11 2,183,550

B.—l [Pf. lII].

PUBLIC ACCOUNTS, 193 4-1935.

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES PAYABLE FROM THE CONSOLIDATED FUND AND OUTSTANDING ON 31st MARCH, 1935—continued.

;—^— —:I - y ! ._: . ■ ....... .I■ JJ a Sinking funds to the amount stated below exist for the extinction of that portion of the debt relating to the following accounts : State Coal-mines Account, £8 590 13s 8d • Electric Supply Account, £1,669 ss. 2d.; Westport Harbour Account, £276,899 12s. 9d.; Samoan Loan Suspense Account, Is. 7d.; State Advances Account— Advances to Settlers' Branch' £2 076 620 14s 5d • Advances to Workers Branch, £93,828 3s. lid.; Advances to Local Authorities Branch, £200,223 9s. Sd.: total, £2,657,83.2 Is. 2d. particulars of which appear on pages 12 and 13 ' ' In addition to the special sinking funds mentioned above, special provision exists for the repayment of that portion of the debt funded by agreement with the Imperial Government particulars of which are given on page 9. It is estimated that this portion of the debt would under the original agreement be extinguished during the financial year ending on the 31st March 1958 ' Payments have been suspended by arrangement with the Imperial Government. ' ' By the Repayment of the Public Debt Act, 1925, means are provided whereby the whole of the Public Debt other than those portions for which separate sinking funds exist will be extinguished years from the tlme of 00min S under the Provisions of the Act. The total of loans coming within the provisions of the Repayment of the Public Debt Act, 1925, is x^Uo,oyy ,yoo 4s. 2d, The Redemption Fund Capital Account under the above Act is as follows : (1) Held by State Advances Office, £3,258,955 19s. 4d.; (2) held by Public Trustee £7 966 688 lis 2d ■ (3) held in Discharged Soldiers Settlement Account, £6,000,000; total, £17,225,644 10s. 6d. The interest on the Redemption Fund capital is paid over to the Consolidated Fund as a'set-off against the annual payments made by the latter fund to the Repayment of the Public Debt Account— viz., i per cent, of the public debt coming under the provisions of the Act together with 3i per cent of the debt redeemed in accordance with the Act. ~ 2 r

8

Annual Charge. Domicile of Principal. Amount 7 -. , 7J1 j ! i outstanding. Date. o g ! Remarks. Interest. When payable. .New Zealand. 1 London. Australia. j &A\ | I , , £ s. d. % £ £ s. d. ! £ s. d. £ Brought forward .. 280,581,217 6 10 .. .. 11,460,955 .. 117,425,437 9 11 jl60,972,229 16 11 2,183,550 Amortization Charges. £ 1,546,280* Repayment of the .. j ... «Estimated. Public Debt Act, 1925 458,/ OOf Funded Debt .. .. .. .. f Represents principal repayment also suspended by agreement on qaa+ T?1 x • C , with Imperial Government. 20,800J Electric Supply .. .. .. j Payable from the Electric Supply O O Smk ™g Pund Account. Estimated. '500§ Coal-mines .. .. .. § Payable from the State Coal-mines Account. Estimated. 10,85911: Westport Harbour .. .. •• !| £3,859 sinking fund, 4} per cent. 9 aak iqq Sinking Fund payable in respect of sinking funds ' ' use( i f° r redemption; and £7,000 Total securities charged on 280,581,217 6 10 .. 13,506,094 .. 117,425,437 9 11 160,972,229 16 11 2,183,550 Westport*'HaJbour the -Public Kevenues 1 . * ljUdllOi Finance Act, 1931 (No. 4), Section 7, Subsection (2): — | j Deed of hypothecation over Dis- 3,850,000 0 0 U 3 115,500 30 Sept. and 31 Mar J 3,850,000 0 0 charged Soldiers Settlement SeCUritieS •• •• 200,00011 •• .. .. .. If Repayable £200,000 per annum or ninety days after demand. Total securities outstanding 284,431,217 6 10 .. .. 13,821,594 .. 121,275,437 9 11 160,972,229 16 1112 183 550 31st March, 1935 - '

B.—l [Pt. Ill]

PUBLIC ACCOUNTS, 1 934-1935.

Statement of Securities issued by the Rural Advances Branch of the State Advances Office charged upon the Assets of that Branch of that Office and outstanding on 31st March, 1935.

2—B- 1 [Pt. 11l

Particulars of the Public Debt funded in Terms of Finance Act, 1922, Section 8.

9

m j. i <n *.<. J Amount of Funded Annual Charge. Amount of Debt Total D^ t repald Debt outstanding — |_j . ( k I j When paya bie funded. 31st March, 1935. 31st Mark 1935. Interest. | * \ Total. Finance Act, 1922, sec. 8:— £ J Advances from the Imperial Government funded in terms of the - above Act on the basis of an annuity of 6 per cent. Interest at the rate of £4 19s. 5-88d. per cent, per annum, — j j , . . , Public Revenues Amendment Act, 1914, sec. 8 (War Expenses} 2,067,411 237,040; 1,830,371 .. .. ioft'ssn 1 June and I Dec. Public Revenues Amendment Act, 1915, sec. 5 (War Expenses) 8,105,992 929,395 j 7,176,597 , .. .. '?™ e " ,5°' Finance Act 1916 sec 35 .. .. ■■ 4,736,842 543,104! 4,193,738 j .. .. 284,212 1 June „ 1 Dee. Loan Act 1917 4,830,000 553,785 4,276,215! .. .. 289,800 1 June „ 1 Dec. FinL c nct? W18 sec? io !! e',600, 000 756,725 5,843,275 „ 396,000 1 June „ 1 Dec. Total War Loans 26,340,245 3,020,049, 23,320,196 .. .. ,j A , „ Naval Defence Act 1909 .. .. .. 963,131 385,684! 577,447 j .. .. 57,787 1 June and 1 Dec. Aid to Public Works and Land Settlement Act, 1910 .. 191,010 21,900 } 'j' 1 " 6 " } 5®°' Land for Settlements Act, 1908 37,778 4,332 33,446 2 ' 266 1 June » 1 De0 Totals .. .. .. .. 27,532,164 3,431,965 24,100,199 j * * 1,651,930* * Annual instalment of principal" and interest £1,651,929 16s. 8d„ but all instalments subsequent to 1st June, 1931, have been suspended. The amount of interest and repayment of debt varies with each instalment, and details will again be shown when payment of instalments is resumed.

Annual Charge. Authorizing Act. outetendtag. Details. Dae Date. — " Rate. Amount. When payable, £ £ % £ Rural Advances Act, 1926 — O nao riKf./ 10,000 I 15 September, 1938 5 500 1 Debentures .. .. 3,953,050 15 September, 1947 5 197,652 >-15 March and 15 September. i Scrip Certificates •• 250,000 250,000 j 15 September, 1947 5 12,500 J Total outstanding .. 4,213,050 4,213,050 -• •• 210,652

B.—l [Pt. lII].

LOANS GUARANTEED BY THE GOVERNMENT. Contingent Liability outstanding on 31st March, 1935.

PUBLIC ACCOUNTS, 1 984-1935.

10

Loans guaranteed. Authority for Government Guarantee. onT A ™N«. Due Date. 'TmS" r emaeks . Int. S.F. Tcnd. LOAN'S OF LOCAL AUTHORITIES. /• „ I 0/ I % % £ s. d. Auckland City Council (Grey Lynn Borough Local Bodies' Loans Amendment Act, 1908 .. \ 45 000 / 18j^ u S-> 1942 . 0 , „„„ 0 Loan) \ 12,500 J ' \18 Aug., 1941 4 y Christchurch City Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 9,500 3 Dec 1942 4£ If 6 725 13 8 f nder subsec. (6) of sec. 10 of - -■ Local Bodied Loans Amendment Act, 1908 .. { } 5.000 30 April, 1942 4§ 1 3 « > SS Ko^.t^ pfi 1 0Un ° u " " Local Bodies' Loans Amendment, Act, 1908 .. .. 18,000 19 June, 1942 4i li 12 266 16 0 the sinking fund is payable by Port Chalmers Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 3 500 1 jX 1942 41 1 1 673 14 o the Treasury. Kuhape Borough Council .. .., Local Bodies' Loans Amendment Act, 1908 .. .. 25,000 1 AuJ 1942 4 1 i] «q }« ,n tension Loin) ne " p0wer Ex ' L0Cal BodieS ' LoanS Aot ' 1913 ' Part IV " 500,000 16 Ma?.', 1942 6J 2 J 213,' 773 4 2 Havelock North Town Board .. .. | Local Bodies' Loans Act, 1913, Part IV .. / • 425 \ 2j J Jan., 1948 4£ If 9,613 0 5 Te Puke Town Board .. .. Local Bodies' Loans Act, 1913, Part IV .. | !. 11,000 1 Jan.,' 1948 44 it 5 997 0 0 Wanganui Hospital Board .. Local Bodies' Loans Act, 1913, Part IV, and .. 12,000 1 April, 1943 6i 24 5'795 11 0 j Hospitals and Charitable Institutions Amend- ' I ment Act, 1920 (No. 2) ames Valley Electric-power Board .. Local Bodies' Loans Act, 1913, Part IV .. .. 350,000 1 Sept., 1954 6 If 93,870 0 0 Redeemable at option of Board Southland Electricpower Board .. .. I Loans Act, 1913, Part IV, and/ 750, r 6 y |20 4,936 3 7, | Greymouth Harbour Board .. .. : Greymouth Fllrboui' Loans Consolidation Act, '.. 260,000 14 July, 1952 4 \ 99 280 12 0 onorafterl5thSe P tember > 1936 - ' 1910, and Amendment Act, 1910 ' Oamaru Harbour Board .. .. [ Reserves and other Lands Disposal and Public .. 215,0(50 1 April, 1952 4 1 ko«i an Bodies Empowering Act, 1910, sec. 96 j J ' j ' : I OTHER LOANS. : Land Settlement Finance Debentures .. Land Settlement Finance Act, 1909, sec. 13 .. .. 44,100 27/4/35tol2/10/38 5 !

B.—l TPT. 11l

PUBLIC ACCOUNTS, 193 4-1935

STATEMENT of SINKING FUNDS ACCRUED to the 31st March, 1935, in respect of various Loans.

11

PUBLIC DEBT£ a. d. £ s. d. State Coal-mines Sinking Fund, — Funds held in State Coal-mines Sinking Fund Account .. .. .. 8,590 13 8 Samoan Loan Sinking Fund, — Funds held in Deposits Account, Samoan Loan Sinking Fund Account.. .. 0 17 Electric Supply Sinking Fund, — Funds held in Electric Supply Sinking Fund Account — Lake Coleridge Scheme .. .. .. .. .. 1,669 5 2 1,669 5 2 Westport Harbour Loans Sinking Fund, — Funds held by the Public Trustee .. .. .. .. .. 276,899 12 9 STATE ADVANCES DEBT Advances Office Sinking Fund, — Funds held by the State Advances Office — Advances to Settlers Branch .. .. .. .. 2,076,620 14 5 Advances to Workers Branch .. .. .. .. .. 93,828 3 11 Advances to Local Authorities Branch .. .. .. .. 200,223 9 8 2,370,672 8 0 £2,657,832 1 2

B.—l [Pt. 11l

PUBLIC ACCOUNTS, 1934-1935.

STATEMENT of the RECEIPTS and DISBURSEMENTS of the SINKING

12

I 1 RECEIPTS. £ s. d. £ s. d. ~ ADVANCES OFFICE SINKING FUND In respect of Funds with the Superintendent,— Advances to Settlers Branch— Accumulation held on 31st March, 1934 .. .. .. .. .. 1,993,106 7 3 Interest on Investments .. .. .. .. .. .. .. 83,514 7 2 2,076,620 14 5 Advances to Workers Branch— Accumulation held on 31st March, 1934 .. .. .. .. .. 90,054 15 1 Interest on Investments .. .. .. .. .. .. .. 3 ; 773 8 10 93,828 3 11 Local Authorities Branch — Accumulation held on 31st March, 1934 .. .. .. .. .. 192,171 5 1 Interest on Investments .. .. .. .. .. .. .. 8,052 4 7 200,223 9 8 STATE COAL-MINES SINKING FUND Accumulation held on 31st March, 1934, — In State Coal-mines Sinking Fund Account .. .. .. .. .. 8,422 8 7 Transfer from State Coal-mines Account, Finance Act, 1928, section 22, — Subsection (1) —2 per cent, of amount of Loans raised to 31st March, 1935, less amount redeemed otherwise than from the Sinking Fund .. 4,322 0 5 Subsection (3) —4 per cent, of amount redeemed to 31st March, 1934 .. 4,074 14 1 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund during the current year from the date of redemption .. .. .. 113 4 7 8,509 19 1 Interest on Investments .. .. .. .. .. .. .. 58 6 0 16,990 13 8 SAMOAN LOAN SINKING FUND Accumulation held on 31st March, 1934, — In Deposits Account, Samoan Loan Sinking Fund Account .. .. .. 118 14 7 Contribution by Samoan Treasury .. .. .. .. .. .. 4,018 10 10 Interest on Investments .. .. .. .. .. .. .. 197 16 2 4,335 1 7 ELECTRIC SUPPLY SINKING FUND Accumulation held on 31st March, 1934, — In Electric Supply Sinking Fund Account— Horahora Scheme .. .. .. .. .. .. 6,030140 Lake Coleridge Scheme .. .. .. .. .. .. 101,840 12 1 — 107,871 6 1 Transfer from Electric Supply Account in accordance with section 12 of State Supply of Electrical Energy Act, 1917, — Lake Coleridge Scheme .. .. .. .. .. .. .. 20,820 10 6 ! Transfer from Electric Supply Account in accordance with section 23 of the Finance Act, 1928, — Lake Coleridge Scheme .. .. .. .. .. .. .. 18,419 12 0 Interest on Investments .. .. .. .. .. .. .. 2,592 16 7 149,704 5 2 WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Accumulated funds as at 31st March, 1934 .. .. .. .. .. 256,240 7 4 Subsection (4) (a) —Contribution for the financial year 1934-35 .. .. 7,000 0 0 Subsection 4 (d) —Contribution at the rate of 4J per cent, per annum in respect of Sinking Funds used to 31st March, 1934, to redeem debentures .. .. .. .. .. .. .. .. 3,858 15 0 Interest on Investments .. .. .. .. .. ., .. 9,825 10 5 276,924 12 9

B.—l |Pt. Ill]

PUBLIC ACCOUNTS, 1934-1935

FUNDS during the FINANCIAL YEAR ended 31st March, 1935.

G. C. Rodda, Secretary to the Treasury. B. 0. Ashwin, Assistant Secretary to the Treasury. Examined and found correct. The Treasury, Wellington, 4th September, 1935. G. F. C. Campbell, Controller and Auditor-General. Audit Office, 9th September, 1935.

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DISBURSEMENTS. £ s. d. ADVANCES OFFICE SINKING FUND In respect of Funds with the Superintendent, — Advances to Settlers Branch — Accumulation held on 31st March, 1935 .. .. •• •• •• 2,076,620 14 o 2,076,620 14 5 Advances to Workers Branch — Accumulation held on 31st March, 1935 .. •• •• 93,828 3 11 93,828 3 11 Local Authorities Branch— Accumulation held on 31st March, 1935 .. .. .. •• •• •• 200,2-3 9 8 200,223 9 8 STATE COAL-MINES SINKING FUND , Securities redeemed in terms of section 22 (2) of the Finance Act, 1928 .. .. .. 8,400 0 0 Accumulation held on 31st March, 1935, — In State Coal-mines Sinking Fund Account .. .. . . .. •• •• 8,590 irf S 16,990 13 8 SAMOAN LOAN SINKING FUND Loans redeemed in terms of section 4 of the Finance Act, 1932 (No. 2) .. .. .. 4,335 0 0 Accumulation held in Deposits Account, Samoan Loan Sinking Fund Account, on 31st March, 1935 0 1 7 4,335 1 7 ELECTRIC SUPPLY SINKING FUND Securities redeemed in terms of section 23 (1) of the Finance Act, 1928 .. .. •• 148,035 0 0 Accumulation held in Electric Supply Sinking Fund Account on 31st March, 1935 >~ , «« 0*9 Lake Coleridge Scheme .. .. .. .. • • • • • • • • ' > ' 5 2 149,704 5 2 WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Annual fee for administering fund .. ■ • - ■ ■ • • • • • • ■ 25 0 0 Accumulation held by the Public Trustee on 31st March, 1935 .. .. 2*6,899 12 9 276,924 12 9

B.—l [PT. Ill]

PUBLIC ACCOUNTS, 19 34-1 93 5.

Statement as at 31st March, 1935, showing Analysis of the Public Debt under the Several Purposes for which the Moneys have been raised. £ Railways .. .. .. .. .. 60,823,969 Hydro-electric Schemes .. .. .. .. 12,140 336 Post and Telegraph .. .. .. .. .. 13,085,424 Public Buildings, Schools, and Sites .. .. .. 13,576,082 Roads and Highways .. .. .. .. 27,281,583 Harbours and Lighthouses .. .. .. .. ] 939 ; 043 State Forests .. .. .. .. .. .. 1,930,046 State Advances .. .. .. .. .. .. 37,986,438 Land Settlement and Improvement .. .. .. 29,097,360 Shares in Bank of New Zealand .. .. .. .. 875 000 Shares in Reserve Bank of New Zealand .. .. .. 1,000,000 Share in Nauru and Ocean Island Phosphates .. .. 431,475 Development of Mining .. .. .. .. ~ ] ; 025,109 Tourist Resorts .. .. .. .. .. .. 733 QBl Immigration .. .. .. .. .. .. 3,318,140 War and Defence .. .. .. .. ~ 70,627 573 Revenue Deficiencies (prior to 1893) .. .. .. 2,216,856 Old Provincial Liabilities .. .. .. .. .. 878,739 Miscellaneous .. .. .. .. ~ _ _ 421 632 Cash and Investments in hand .. .. .. .. 1,193,331 £280,581,217 G. C. Rodda, Secretary to the Treasury. B. C. Ash win, Assistant Secretary to the Treasury. 4th September, 1935. Note. —This statement has not been audited.

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