PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1935-1936. 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, 1936.

Appendix to the Journals of the House of Representatives, 1936 Session I, B-01-part03

B—l [PT. Ill];

1936. NEW ZEALAND.

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1935-1936. 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, 1936.

I—B. 1 [PT. Ill].

B.—l [Pt Til].

CONTENTS.

THE PUBLIC DEBT OF NEW ZEALAND ON 31st MARCH, 1936 page The Public Debt .. .. .. .. .. .. .. .. .. ~ 3 Public Debt funded in Teems of Section 8 of the Finance Act, 1922 .. .. .. 9 STATEMENT OP SECURITIES ISSUED UNDER THE RURAL ADVANCES ACT, 1926 .. 9 STATEMENT OP LOANS GUARANTEED BY THE GOVERNMENT .. .. .. .. 10 STATEMENT OP SINKING FUNDS ACCRUED TO THE 31 st MARCH 1936 . 11 STATEMENT OP RECEIPTS AND DISBURSEMENTS OP THE SINKING PUNDS DURING THE FINANCIAL YEAR ENDED 31st MARCH, 1936 .. .. .. .. .. .. 12 STATEMENT, AS AT 31st MARCH, 1936, SHOWING ANALYSIS OF THE PDBLIC DEBT UNDER THE SEVERAL PURPOSES FOR WHICH THE MONEYS HAVE BEEN RAISED 14

2

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1936.

B.—l [Pt. Ill].

PUBLIC ACCOUNTS, 19 35-1936

3

Annual Charge. Domicile of Principal. Amount Due Date< *»• j j Remarks. outstanding. ' ° g Interest. When payable. New Zealand. London. Australia. __ _ I - ;■ 1 ; New Zealand Loans Act, 1932 : £ s. d | % £ q d Q £ ,. S ' d ' , £ Un presented. Debentures and Stock .. .. llo 0 0 15 Dec., 1920 4J . ■ •• 5 0 0 15 Dec., 1925 4£ ■ • 5 0 0 800 0 0 15 Nov.. 1927 5 .. .. 800 0 0 200 0 0 1 July, 1930 5| ; .. 200 0 0 200 0 0 1 Sept., 1930 4| .. 200 0 0 400 0 0 15 Jan., 1933 5| .. 400 a n 850 0 0 1 Feb" 1936 || j !' 850 0 0 •• £800 u'npresented. £50 subject to 850 0 0 1 ieb., iyd ōt | New Zealand Debt Conversion Act. - » , 0 q« | I .. Option to repay £5,869,988 9s. 9d. 1 Aug., 1936 ! . . | .. •• | •• maturing 1st August, 1951. I iK T -i qq7 .. .. .. Option to repay £12,426,675 6s. lid. j 0 an *' ' maturing 15th January, 1940. 468 030 0 0 15 Feb., 1937 5-! ! 23,987 15 Feb. and 15 Aug. 1,880 0 0 .. 466,150 238,250 0 0 15 Feb.! 1937 j 5 | j 13;i04 15 Feb. „ 15 Aug. 32,850 0 0 3,800 0 0 201,600 500,000 0 0 15 April, 1937 ! 3 i 15,000 15 April „ 15 Oct. 500,000 0 0 11 420 0 0 1 Sent 1937 5 I 571 1 Mar. „ 1 Sept. 11,420 0 0 .. •• 112'580 0 0 1 Sept 1937 5J 6,192 1 Mar. ,, 1 Sept. 19,980 0 0 .. 92,600 £800 subject to Zealand Debt ' r Conversion Act. 220,000 0 0 28 Feb., 1938 U 7,700 28 Feb. „ 31 Aug. 220.000 0 0 250,000 0 0 15 May, 1938 ! 3J 7,813 15 May „ 15 Nov. 250,000 0 0 •> 810 0 0 15 Nov 1938 3 84 15 May ,, 15 Nov. 2,810 0 0 .. •• , . i 19 320 0 0 15 Nov" 1938 i 4i 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 1 .. .. •• •• •• Option to repay £3,833 675 maturing .... 15th November. 1941. " 900 0 0 20 April 1939 44 \ 130 20 April and 20 Oct. 1.900 0 0 1,000 0 0 .. £300 subject to New Zealand Debt ' r "M 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 .. 19 426 675 6 11 15 Jan., 1940* 4 ; 497,067 15 Jan. „ 15 July 12,325,550 6 11 101,125 0 0 .. * Repayable at the option of the ' ' Government at par on or after j 15th January, 1937, on three months' notice. • . . . Carried forward .. 31,440,487 6 11 .. .. 1,174,029 .. 13,395,021 15 7 17,282,115 11 4 763,350

B.—l !Tt. 11l

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1936—continued.

PUBLIC ACCOUNTS, 1935-1936

4

I; " j : t— T~— :— — — — — — FT —— —.•; -. .. Annual Charge. Domicile of Principal. Amount -r» t~. i. Ii : ; i outstanding. Date, i •« „ Bemarks. |!JS Interest. When payable. New Zealand. London. Australia. £ s. d. % £ £ s. d. £ S. d. £ Brought forward .. 31,440,487 6 11 .. .. 1,174,029 .. j 13,393,021 15 7 17,282,115 11 4 763,350 New Zealand Loans Act, 1932 —continue i. Debentures and Stock—continued. .. 15 Mar., 1940 .. .. .. .. .. .. Option to repay £13,680,225 matur- ~ I ing 15th March, 1943. 500,000 0 0 15 Sept., 1940 j 3J 16,250 15 Mar. and 15 Sept. | 500,000 0 0 15 0 0 15 Dec., 1940 . . j 15 June ,, 15 Dec. ; 15 0 0 £15 subject to New Zealand Debt 10,300 0 0 1 July,-1941 4§ 464 1 Jan. 1 July .. 10 300 Convelslon Act - 7,000 0 0 1 Aug., 1941 4£ ' 315 1 Feb. „ 1 Aug. .. .. 7,'000 100 0 0 1 Sept., 1941 4|- 4 1 Mar. ,, 1 Sept. 100 0 0 .. .. £100 subject to New Zealand Debt 2,500 0 0 1 Sept., 1941 5£ 131 1 Mar. „ 1 Sept. 2,500 0 0 .. .. Conversion Act. 3,833,67 5 0 0 15 Nov., 1941 * 3f- 143,763 15 May ,, 15 Nov. 3,833,675 0 0 .. .. * Repayable at the option of the Government at par on or after 15th November, 1938, on three 37,000 0 0 1 Mar., 1942 4 1,480 1 Mar. ,, 1 Sept. 37,000 0 0 .. .. months notice. * Feb., 1943 .. .. .. .. _ _ _ _ Option to repay £10,884,628 matur--Ei ing 1st February, 1963. 15 heb., 1943 .. .. .. .. .. .. Option to repay £9,842,625 matur13,672,890 0 0 15 Mar., 1943 J 1 478,551 15 Mar. and 15 Sept. 13,672,890 0 0 .. .. t Repayable at the option of the 7,335 0 0 15 Mar., 1943$ 4 293 15 Mar. „ 15 Sept. 7,335 0 0 . . .. Government at par on or after 15th March, 1940, on three 7,339,656 4 9 1 Mar., 1944 4J 330,284 1 Mar. ,, 1 Sept; .. 7 339 656 49 199,500 0 0 15 Feb., 1945 5 9,975 15 Feb. „ 15 Aug. .. 'l99'500 0 0 7,580,907 11 10 1 Mar., 1945 4J 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 9'657i480 1 1.. Carried forward .. 74,291,346 4 7 .. .. 2,786,479 .. 31,451,036 15 7 42,059,659 9 0 780,650 J

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1936—continued.

B.—l [Pt. Ill]

PUBLIC ACCOUNTS, 1985-1936

5

Annual Charge. Domicile of Principal. — outstanding. Due Date. 7 Remarks. © Interest. When payable. New Zealand. London. Australia, «A £ s. d. % £ £ s. d. £ s. d. £ Brought forward .. 74,291,346 4 7 .. .. 2,786,479 .. 31,451,036 15 7 42,059,659 9 0 780,650 New Zealand Loans Act, 1932 continued Debentures and Stock —continued. 2,090,909 1 9 1 Dec., 1945* 4J 94,090f 1 June and 1 Dec. .. 2,090,909 1 9 .. * Repayable at the option of the Government on or after 1st December, 1925, by giving three months' notice in the London Gazette. 12,886,110 3 9 1 Jan., 1946 5 644,305 I Jan. „ 1 Julv .. 12,886,110 3 9 .. t Interest suspended in terms of agreement with Imperial Government. 9,842,625 0 0 15 Feb., 1946} 4 393,705 15 Feb. „ 15 Aug. 9,842,625 0 0 .. .. t Repayable at the option of the Government at par on or after 15th February, 1943, on three months' notice. 15 April, 1946 .. .. .. .. .. .. Option to repay £8,967,195 maturing 15th April, 1949. 11,221,608 16 5 1 Nov., 1947 4J 504,972 1 May and 1 Nov. .. 11,221,608 16 5 1 Mar., 1948 .. .. .. .. .. .. Option to repay £19,225,465 maturing 1st March, 1958. 10,500 0 0 1 Jan., 1949 4 420 1 Jan. and 1 July 10,500 0 0 1 Feb., 1949 .. .. .. ' .. .. .. Option to repay £5,000,000 maturing 1st February, 1954. 8,967,195 0 0 15 April, 1949 § 4 358,688 15 April and 15 Oct, 8,967,195 0 0 .. § Repayable at the option of the Government at par on or after 15th April, 1946, on three months' notice. 15 May, 1949 .. .. .. .. .. .. Option to repay £12,493,105 maturing 15th May, 1952. 7,500,000 0 0 15 Dec., 1949 5 375,000 15 June and 15 Dec. .. 7,500,000 0 0 250,000 0 0 15 Dec., 1950 3| 8,750 15 June „ 15 Dec. 250,000 0 0 2,062,000 0 0 1 Feb., 1951 5§ 113,410 1 Feb. „ 1 Aug. .. 1,250,000 0 0 812,000 5,869,988 9 9 1 Aug., 1951 1 6 352,199 1 Feb. „ 1 Aug. .. 5,869,988 9 9 .. |j Repayable at the option of the Government at par on or after 1st August, 1936, on three months' notice. 12,493,105 0 0 15 May, 19521f 3J 437,259 15 May „ 15 Nov. 12,493,105 0 0 .. .. If Repayable at the option of the Government at par on or after 15th May, 1949, on three months' notice. Carried forward .. 147,485,387 16 3 .. .. 6,069,277 .. 63,014,461 15 7 82,878,276 0 8 1,592,650

B.—l [Pt. Ill].

PUBLIC ACCOUNTS, 1935-1936.

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1936—continued.

6

Annual Charge. Domicile oi Principal. Amount „ Due Date. -g-g I Kemarka. outstanding. ° $ v & Interest. When payable. New Zealand. London. Australia. P3 M £ s. d. % £ £ s. d. £ s. d. £ Brought forward .. 147,485,387 16 3 .. .. 6,069,277 .. 63,014,461 15 7 82,878,276 0 8 1,592,650 New Zealand Loans Act, 1932 —continued. Debentures and Stock —continued. . . 15 June, 1952 .. .. .. .. .. .. Option to repay £9,976,125 maturing 15tli June, 1955. 1 July, 1952 .. .. .. .. .. .. Option to repay £8,000,000 maturing 1st July, 1955. 260,000 0 0 14 July, 1952 4 10,400 1 Jan. and 1 July 260,000 0 0 5,000,000 0 0 1 Feb., 1954* 3J 175,000 1 Feb. „ 1 Aug. .. 5,000,000 0 0 .. * Repayable at the option of the Government at par on or after ■ 1st February, 1949, on three months' notice. 9,976,125 0 0 15 June, 1955f 4 399,045 15 June ,, 15 Dec. 9,976,125 0 0 .. .. t Repayable at the option of the Government at par on or after 15th June, 1952, on three months' I notice. 8,000,000 0 0 1 July, 1955J 3 240,000 1 Jan. ,, 1 July .. 8,000,000 0 0 .. j J Repayable at the option of the Government at par on or after 1st July, 1952, on three months' notice. 15 Oct., 1955 .. .. .. .. .. .. Option to repay £3,989,100 maturing 15th October, 1960. 362,450 0 0 1 Jan., 1956 3 10,873 1 Jan. and 1 July 362,450 0 0 3,706 0 0 1 Jan., 1956 3J 130 1 Jan. „ 1 July 3,706 0 0 100,000 0 0 1 Jan., 1956 4 4,000 1 Jan. ,, 1 July 100,000 0 0 1 Nov., 1956 .. .. .. .. .. .. Option to repay £5,000,000 maturing 1st November, 1971. 1,417,000 0 0 15 Jan., 1957 2J 35,425 15 Jan. and 15 July 1,417,000 0 0 46,900 0 0 15 Jan., 1957 3 1,407 15 Jan. „ 15 July 34,000 0 0 12,900 0 0 2,286,405 0 0 15 Jan., 1957 3| 80,024 15 Jan. „ 15 July 2,286,405 0 0 287,385 0 0 1 Feb.. 1957 3 8,622 1 Feb. „ 1 Aug. 287,385 0 0 1,417,000 0 0 15 May, 1957 2J 35,425 15 May „ 15 Nov. 1,417.000 0 0 562,553 13 3 15 May, 1957 3 16,877 15 May „ 15 Nov. 562,553 13 3 2,387,545 0 0 15 May, 1957 3| 83,564 15 Mav „ 15 Nov. 2,387,545 0 0 1,417,000 0 0 15 Aug., 1957 2i 35,425 15 Feb. „ 15 Aug. 1,417,000 0 0 3,283,900 0 0 15 Aug., 1957 3 98,517 15 Feb. „ 15 Aug. 3,283,900 0 0 1,622,195 0 0 15 Aug., 1957 4 64,888 15 Feb. „ 15 Aug. 1,622,195 0 0 1,417,000 0 0 15 Feb., 1958 2J 35,425 15 Feb. „ 15 Aug. 1,417,000 0 0 2,277,920 0 0 15 Feb., 1958 3| 79,727 15 Feb. „ 15 Aug. 2,277,920 0 0 19,225,465 0 0 1 Mar., 1958§ 4j- 865,146 1 Mar. „ 1 Sept. .. 19,225,465 0 0 .. § Repayable at the option of the Government at par on or after 1st March, 1948, on three months' notice. 1,417,000 0 0 15 June, 1958 2i 35,425 15 June „ 15 Dec. 1,417,000 0 0 2,400,000 0 0 15 June, 1958 U 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 .. 214,069,937 9 6 .. .. 8,504,047 .. 97,360,646 8 10 115,116,641 0 8 1,592,650

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1936—continued.

B.— 1 TPT. 11l

PUBLIC ACCOUNTS, 1935-1936.

7

Annual Charge. j Domicile of Principal. Amount „ T( . i | Remarks outstanding. n,le mte - $ .g ® Interest. When payable. New Zealand. London. Australia. I I __ £ s. d. % £ £ s. d. £ s. d. £ Brought forward .. 214,069,937 9 6 .. .. 8,504,047 .. 97,360,646 8 10 115,116,641 0 8 1,592,650 New Zealand Loans Act, 1932 —continued. 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 1,417,000 0 0 15 Dee., 1958 2| 35,425 15 June „ 15 Dec. 1,417,000 0 0 3,401,643 4 4 15 Dec., 1958 3 102,049 15 June „ 15 Dec. 3,401,643 4 4 3,867.904 15 4 15 Mar., 1959 3 116,037 15 Mar. „ 15 Sept. 3,867,904 15 4 2,400,000 0 0 15 Mar., 1959 3i 84,000 15 Mar. „ 15 Sept. 2,400,000 0 0 47,800 0 0 15 Mar., 1959 4 1,912 15 Mar. „ 15 Sept. 47,800 0 0 4,637,350 0 0 15 July, 1959 3 139,120 15 Jan. „ 15 July 4,637,350 0 0 380.000 0 0 15 July, 1959 3f 14,250 15 Jan. „ 15 July 380,000 0 0 1,720,000 0 0 15 Oct., 1959 3 51,600 15 April „ 15 Oct. 1,720,000 0 0 4,245,535 0 0 15 Nov., 1959 3 127,366 15 May „ 15 Nov. 4.245,535 0 0 .. •• 3,989,100 0 0 15 Oct., 1960* 3£ 139,619 15 April „ 15 Oct. .. 3,989,100 0 0 .. * Repayable at the option of the Go10,884,628 0 0 1 Feb., 1963+ 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., 19711 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 258,460,898 9 2 .. .. 10,084,810 .. 122,256,518 2 10 134,611,730 6 4 1,592,650 notice. _ J Repayable at the option of the Government at par in whole or in Funding Agreement with Imperial 577,446 11 5§ 1 June, 1945f .. 28,363** 1 June and 1 Deo. .. 577,446 11 5 .. part on or after 1st November, i Government 1956, on three months notice. 23,522,752 19 2§ 1 Dec., 1957U .. 1,164,867** 1 June „ 1 Dec. .. 23,522,752 19 2 : — § Balance of £27,532,164, Imperial 24,100,199 10 7J! •• •• •• •• •• 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. Tf Approximately. ** Payments suspended in terms of agreement with Imperial Government. Carriedforward .. 282,561,097 19 9 .. .. 11,278,040 .. 122,256,518 2 10 158,711,929 16 11 1,592,650

B.—l [Pt. lII].

PUBLIC ACCOUNTS, 1935-1936.

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES PAYABLE FROM THE CONSOLIDATED FUND AND OUTSTANDING ON 31st MARCH, 1936-continued.

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, £8,821 Bs. 4d.; Electric Supply Account, £17,555 ss. Id.; Westport Harbour Account, £298,435 17s. 4d.; Samoan Loan Suspense Account, £4,037 17s. Id.; State Advances Account, £2,263,608 3s. 5d.: total, £2,592,458 lis. 3d. 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 Bepayment 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 in approximately sixty years from the time of coming under the provisions of the Act. The total of loans coming within the provisions of the Bepayment of the Public Debt Act 1925 is £210,862,371 os. 9d. The Bedemption 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 Bedemption Fund capital is paid over to the Consolidated Fund as a set-off against the annual payments made by the latter fund to the Bepayment of the Public Debt Account— viz., £ per cent, of the public debt coming under the provisions of the Act, together with 3per cent, of the debt redeemed in accordance with the Act.

8

Annual Charge. Domicile of Principal. outstanding. Due Date ' 0« Remarks. 3 83 Interest. When payable. New Zealand. London. Australia. 31 . . . i £ s. d. % £ £ s. d. £ s. d. £ Brought forward .. 282,561,097 19 9 .. ..11,278,040 .. 122,256,518 2 10 158,711,929 16 11 1,592,650 Amortization Charges. £ 1,624,700* Repayment of the .. .. .. * Estimated. Public Debt Act, 1925 458,700f Funded Debt .. .. .. .. f Represents principal repayment also suspended by agreement with Imperial Government. 9,000} State Coal-mines .. .. .. JPayable from the State Coal-mines Sinking Fund Account. Estimated. 10,859§ Westport Harbour .. .. .. § £3,859 sinking fund, 4£ per cent. Sinking Fund payable in respect of sinking funds 2,103, 259 used for redemption; and £7,000 sinking fund, 1 per cent, payable Total securities charged on 282,561,097 19 9 .. 13,381,299 .. 122,256,518 2 10 158,711,929 16 11 1,592,650 on £700,000 Westport Harbour the Public Revenues — — — 1 Loans. Finance Act, 1931 (No. 4), Section 7, Subsection (2) :— Deed of hypothecation over Dis- 2,900,000 0 0 ]| 3 87,000 30 Sept. and 31 Mar. 2,900,000 0 0 .. .. II Repayable £200,000 per annum or charged Soldiers Settlement ninety days after demand. Securities .. .. 200,000 1| Total securities outstanding 285,461,097 19 9 .. .. 13,668,299 .. 125,156,518 2 10 158,711,929 16 11 1,592,650 |_ _ 31st March, 1936 — — 1

B. -1 [Pt. lII].

PUBLIC ACCOUNTS, 1935-1936.

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

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, 1936.

2-B. 1 TPT- Hl] •

9

Amount of Funded Annual Charge. Amount of Debt Total ep Debt outstanding a When payable. funded. 31st Mareh, 1936. 31st Marc'h, 1936. Interest. Repayment of j Total . ; | l_ Finance Act, 1922, sec. 8:— 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, . , Trme and 1 Dec Public Revenues Amendment Act, 1914, sec. 8 (War Expenses) 2,067,411 237,040 48B S60 1 June 1 Dec Public Revenues Amendment Act, 1915, see. 5 (War Expenses) 8,105 992 929,395 7, 76, 7 .. 4 6 |eo June 1 Dec. Finance Act, 1916, sec 35 4,736,842 543,104; 4,193,738 .. .. l J|me } Dec . KnL c riX s :: :: :: :: 7 56 ;72 5 5 ;843;27 5 396 ' 000 1 June - ! Dec - Total War Loans 26,340,245 3,020,049 23,320,19ft .. 1JummdlD(c . Afd to PubHeWorks and Land Settlement' Act, 1910 " 21,m IgUlO ... .. 11,460 1 June 1 Dee. Land for Settlements Act, 1908 .. .. • ■ ■ • 37,778 4 ' 332 33,44b ' Tota)s .. .. .. 27,532,164 3,431,965 24,100,199 1 * _* 1,651,930* * Annual instalment of principal and interest £1,651,929 16s. 8d„ but all instalments subsequent to 1st June, .931, 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. ouHtandins Details. Dae Date. outstanding. Eate _ Amount. When payable. £ £ % Rural Advances Act, 1926 — , O neo nmf 10,000 15 September, 1938 5 500 1 Debentures .. .. 3,953,050 15 September, 1947 5 197,652 >-15 March and 15 September. ! Scrip Certificates .. .. 250,000 '250' 000 i 15 September, 1947 5 12,500 J Total outstanding .. 4,213,050 4,213,050 .. •• 210, 652

B.—l [It. Ill]

LOANS GUARANTEED BY THE GOVERNMENT. Contingent Liability outstanding on 31st March, 1936.

PUBLIC ACCOUNTS, 1935-1936

10

T nmnriMT Kate. accumulated .Loans guaranteed. . Authority poe Govebnment Guarantee. outstandins Dn:B Da ™- Sinking Remarks. Int. S.F. FlIND - LOANS OF LOCAL AUTHORITIES. £ £ % % £ s . d . Auckland City Council (Grey Lynn Borough Local Bodies' Loans Amendment Act, 1908 .. j®'® \ 45,000 i' Ug '' 1 21 309 12 8 Loan) j , L J Christchurch City Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 9,500 3 Dec., 1942 4A 1A 7 103 12 2 Under subsec. (6) of sec. 10 of „ , .. T> , r, .1 , T r 9 onn 1 i ' I I Local Bodies' Loans AmendCambndge Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. | 3'qqq j- 5,000' 30 April, 1942 4f 1 2,478 16 ment Act, 1908, one-half of Levin Borough Council .. .. .. j Local Bodies' Loans Amendment Act, 1908 .. !. 18,000 19 June, 1942 4J 1£ 12,975 10 5; the sinking fund is payable by Port Chalmers Borough Council .. . . j Local Bodies' Loans Amendment Act, 1908 .. .. 3,500 1 July, 1942 4J 1 5 0 the Treasury. Taihape Borough Council .. .. j Local Bodies' Loans Amendment Act, 1908 .. .. 25,000 1 Aug., 1942 4§ 1 12'oi3 1 7 Auckland City Council (Electric-power Ex- I Local Bodies' Loans Act, 1913, Part IV ,. .. 500,000 ! 16 Mar., 1942 6J ! 2J 4 6 tension Loan) Havelock North Town Board .. .. Local Bodies' Loans Act, 1913, Part IV .. \ 21,075 K J 10,251 0 0 \ 1,650 J ' \ 1 July, 1948 o If 904 11 8 Te Puke Town Board .. .. .. Local Bodies' Loans Act, 1913, Part IV .. .. 11,000 1 Jan., 1948 4| if 5,651 0 0 Wanganui Hospital Board . . .. Local Bodies' Loans Act, 1913, Part IV, and .. 1,500 ! 1 April, 1943 2f '750 0 1 Hospitals and Charitable Institutions Amendment Act, 1920 (No. 2) Thames Valley Eleetric-power Board .. Local Bodies' Loans Act, 1913, Part IV .. .. 350,000 1 Sept., 1954 6 1 1J 102,505 0 0 Redeemable at option of Board O n.i H T.11 . • , „ ,. , T , , on or after 1st September, 1936. Southland Electric-power Board Local Bodies' Loans Act, 1913, Part IV, and / 750, 000 \ „ . / 6 \\ 1223,358 18 71 Redeemable at option of Board t , Finance Act, 1920, sec. 44 \ 750,000/ ,ŌUU ' 000 15 » e pt., g J>1£ 1176,984 12 11 f on or after 15th September, 1936. Oamaru Harbour Board .. .. Reserves and other Lands Disposal and Public , .. 215,000 1 April, 1952 4 1 j 98,675 19 6 Bodies Empowering Act, 1910, sec. 96 I s ....... < OTHER LOANS. Land Settlement Finance Debentures .. Land Settlement Finance Act, 1909, see. 13 .. .. ' 13,400 9/7/36 to 12/10/38 5

B.—l [PT. Ill]

PUBLIC ACCOUNTS, 1935-1936.

STATEMENT of SINKING FUNDS ACCRUED to the 31st March, 1936, in respect of various Loans.

11

PUBLIC DEBT£ s - d. £ s. d. State Coal-mines Sinking Fund, — Funds held in State Coal-mines Sinking Fund Account .. .. .. 8,821 8 4 Samoan Loan Sinking Fund, —- Funds held in Deposits Account, Samoan Loan Sinking Fund Account.. .. 4,037 17 1 Electric Supply Sinking Fund, — Funds held in Electric Supply Sinking Fund Account — South Island Scheme .. .. .. .. •• •• 17,555 5 1 Westport Harbour Loans Sinking Fund,— Funds held by the Public Trustee .. ■ •• •• 298,435 17 4 STATE ADVANCES DEBT Advances Office Sinking Fund, — Contingent liability of the Mortgage Corporation of New Zealand in terms of section 38 (2) of the Mortgage Corporation of New Zealand Act, 1934-35 .. •• •• •• •• •• 2,263,608 3 5 £2,592,458 11 3

B. r-rl [Ft. 11l

PUBLIC ACCOUNTS, 1935-19 36.

STATEMENT of the RECEIPTS and DISBURSEMENTS of the SINKING

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RECEIPTS. £ s. d. £ s. d. ADVANCES OFFICE SINKING FUND In respect of Funds with the Superintendent,— Accumulation held on 31st March, 1935 — Advances to Settlers Branch .. .. .. • ■ • • 2,076,620 14 5 Advances to Workers Branch .. .. .. .. .. 93,828 3 11 Local Authorities Branch .. .. .. .. .. . • 200,223 9 8 2,370,672 8 0 Interest on Investments .. .. .. •• •• 14,060 15 10 2,384,733 3 10 Less adjustment, Local Authorities Branch .. .. .. .. 121,125 0 5 2,263,608 3 5 STATE COAL-MINES SINKING FUND Accumulation held on 31st March, 1935, — In State Coal-mines Sinking Fund Account .. .. .. .. •• 8,590 13 8 Transfer from State Coal-mines Account, Finance Act, 1928, section 22, — Subsection (1) —2 per cent, of amount of Loans raised to 31st March, 1936, less amount redeemed otherwise than from the Sinking Fund .. 4,122 0 5 1 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund to ' 1 31st March, 1935 ... 4,410 14 2 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund during the current year from the date of redemption .. .. • • 286 3 6 —— 8,818 18 1 " Interest on Investments .. .. .. .. •• •• 1 16 7 it jj .r, 17,411 8 4 SAMOAN LOAN SINKING FUND "i 'Accumulation held on 31st March, 1935, — In Deposits Account, Samoan Loan Sinking Fund Account .. .. .. 0 17 Contribution by Samoan Treasury .. .. .. .. •• •• 4,037 15 6 4,037 17 1 i VI o:. - ET.ECTRTO SUPPLY SINKING FUND Accumulation held on 31st March, 1935, —■ In Electric Supply Sinking Fund Account — South Island Scheme .. .. .. .. • • • • • • 1,669 5 2 Transfer from Electric Supply Account in accordance with section 12 of State Supply of Electrical Energy Act, 1917, —■ South Island Scheme .. .. .. . • •• •• •• 16,669 10 1 Interest on Investments .. .. .. ■ • • • • • • • 16 9 10 , 18,355 5 l; WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Accumulated funds as at 31st March, 1935 .. .. .. .. -• 276,899 12 9; Subsection (4) (a) —Contribution for the financial year 1935-36 .. .. 7,000 0 0 Subsection 4 (d) —Contribution at the rate of 4i per cent, per annum in respect of Sinking Funds used to 31st March, 1935, to redeem debentures .. .. .. .. .. .. •• 3,858 15 0 T" Interest on Investments .. .. .. .. •• •• 10,702 9 7 298,460 17 4

B.—l [PT. Hl].

PUBLIC ACCOUNTS, 1935-1936.

FUNDS during the FINANCIAL YEAR ended 31st March, 1936.

G. C. Rhodda, Secretary to the Treasury. B. C. Ashwin, Accountant to the Treasury. The Treasury, Wellington, 30th July, 1936. Examined and found correct subject to the following comment: The investments of the State Advances Office Sinking Fund were transferred to the Mortgage Corporation in terms of section 36 of the Mortgage Corporation Act, 1934-35, and the value of the Sinking Fund investments as appearing in this statement is contingent on their realizing the amount shown, which is very problematical. G. F. C. Campbell, Controller and Auditor-General. Audit Office, 30th July, 1936.

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— ;,V'' —■' ... " r ; ' • ĪJ- ' . 7~ DISBURSEMENTS. £ s - <*. ADVANCES OFFICE SINKING FUND _ Contingent liability of the Mortgage Corporation of New Zealand in terms of Section 38 (2) ot the Mortgage Corporation of New Zealand Act, 1934-35 .. •• •• •• 2,263,608 3 5 STATE COAL-MINES SINKING FUND | Securities redeemed in terms of section 22 (2) of the Finance Act, 1928 .. .. .. »,69U u u Accumulation held on 31st March, 1936,— In State Coal-mines Sinking Fund Account .. . •. ■ • • • • • _______ 17,411 8 4 SAMOAN LOAN SINKING FUND• -n j t . , Accumulation held in Deposits Account, Samoan Loan Sinking Fund Account, on 31st March, 1936 .. .. .. .. .. .. •• •• •• •• 17 1 ELECTRIC SUPPLY SINKING FUND A , lnoo sf ,n n n Securities redeemed in terms of section 23 (1) of the Finance Act, 1928 .. .. .. 8U0 0 0 Accumulation held in Electric Supply Sinking Fund Account on 31st March, 1936,— South Island Scheme .. .. • • • • • • • • • • • • 17,555 o 18,355 5 X WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Annual fee for administering fund .. .. •• •• •• .tz, , n I Accumulation held by the Public Trustee on 31st March, 1936 .. .. .. .. „98,435 17 4 298,460 17 4

B.—l [Pt. lII].

PUBLIC ACCOUNTS, 1935-1936. Statement as at 31st Mabch, 1936, showing Analysis of the Public Debt under the Several Purposes for which the Moneys have been raised. £ Railways .. .. .. .. .. .. 60,947,861 Hydro-electric Schemes .. .. .. .. .. 12,159,512 Post and Telegraph .. .. .. .. .. 13,486,190 Public Buildings, Schools, and Sites .. .. .. 13,447,716 Roads and Highways .. .. .. .. .. 27,922,257 Harbours and Lighthouses .. .. .. .. 2,202,360 State Forests .. .. .. .. .. .. 1,938,037 State Advances .. .. .. .. .. .. 37,722,474 Land Settlement and Improvement .. .. 29,439,602 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 .. .. 410,915 Development of Mining .. .. .. .. .. 1,006,377 Tourist Resorts .. .. .. .. .. .. 647,867 Immigration .. .. .. .. .. .. 3,317,778 War and Defence .. .. .. .. .. 70,330,860 Revenue Deficiencies (prior to 1893) .. .. .. 2,216,856 Old Provincial Liabilities .. .. .. .. .. 878,739 Miscellaneous .. .. .. .. .. .. 708,046 Cash and Investments in hand .. .. .. .. 1,902,651 £282,561,098 G. C. Rhodda, Secretary to the Treasury. B. C. Ashwin, Accountant to the Treasury. 30th July, 1936. Note.—This statement has not been audited.

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