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B.—l [PT. Ill]

1937. NEW ZEALAND.

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1936-1937. 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, 1937.

I—B. 1 [Pt. Ill].

B.—l [PT. Ill]

CONTENTS,

THE PUBLIC DEBT OF NEW ZEALAND ON 31st MARCH, 1937 page The Public Debt ... • • ■ • .. .. 5 Public Debt funded in Tebms of Section 8 of the Finance Act, 1922 .. .. IX STATEMENT OP SECURITIES ISSUED UNDER THE RURAL ADVANCES ACT, 1928 .. 11 STATEMENT OF LOANS GUARANTEED BY THE GOVERNMENT .. .. .. 12 STATEMENT OF SINKING FUNDS ACCRUED TO THE 31 ST MARCH, 1937 13 STATEMENT OF RECEIPTS AND DISBURSEMENTS OF THE SINKING FUNDS DURING THE FINANCIAL YEAR ENDED 31st MARCH, 1937 14 _ 15 STATEMENT, AS AT 31st " MARCH, 1937, SHOWING ANALYSIS OF THE PUBLIC DEBT UNDER THE SEVERAL PURPOSES FOR WHICH THE MONEYS HAVE BEEN RAISED 16

3

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1937.

B.—l [Pt. Ill].

PUBLIC ACCOUNTS, 1936-193 7.

5

f Annual Charge. Domicile of Principal. Amount „ t-. , 3 j outstanding. Due Date * © $ Remarks. -2 Interest. When payable. New Zealand. London. Australia. New Zealand Loans Act, 1932: — £ s. d. % £ £ s. d. £ s. d. £ Debentures and Stock .. .. 39,415 0 0 Various. .. .. .. 39,415 0 0 .. .. Unpresented. 50 0 0 1 Feb., 1936 5J .. .. 50 0 0 .. .. Subject to conversion under New j | Zealand Debt Conversion Act. 500,000 0 0 15 April, 1937 3 15,000 15 April and 15 Oct. 500.000 0 0 11,420 0 0 1 Sept., 1937 5 571 1 Mar. „ 1 Sept. 11.420 0 0 112,480 0 0 1 Sept., 1937 5J 6,186 1 Mar. „ 1 Sept. 19,880 0 0 .. 92,600 £700 subject to conversion under New Zealand Debt 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 3| 7,813 15 May „ 15 Nov. 250,000 0 0 2,810 0 0 15 Nov., 1938 3 84 15 Mav „ 15 Nov. 2,810 0 0 19,220 0 0 15 Nov., 1938 4J 865 15 May „ 15 Nov. 12,220 0 0 4,000 0 0 3,000 £2,700 subject to conversion under | New Zealand Debt Conversion Act. 15 Nov., 1938 .. .. .. .. .... Option to repay £3,621,570 maturing 15th November, 1941. 2,900 0 0 20 April,1939 4£ 130 20 April and 20 Oct. 1,900 0 0 1,000 0 0 .. £300 subject to con version under New Zealand Debt Conversion Act. 15 July, 1939 .. .. .. .. .. .. Option to repay £4,114,505 maturing 15th July, 1941. 17,176,532 0 0 1 Jan., 1940 3J 601,179 1 Jan. and 1 July 4,341 8 8 17,172,190 11 4 8,900 0 0 15 Jan., 1940 3J 333 15 Jan. „ 15 July 8,900 0 0 15 Mar., 1940 .. .. .. .. ., .. Option to repay £13,678,215 maturJ ing 15th March. 1943. 500,000 0 0 15 Sept., 1940 ; 3J 16,250 15 Mar. and 15 Sept. 500,000 0 0 15 0 0 15 Dec., 1940 4J .. 15 June „ 15 Dec. 15 0 0 .. .. Subject to conversion under New Zealand Debt Conversion Act 10,300 0 0 1 July, 1941 4J 464 1 Jan. „ 1 July .. .. 10,300 4,114,505 0 0 15 July, 1941* 3 123,435 15 Jan. „ 15 July 4,114,505 0 0 .. .. «Repayable at the option of the : Government at par on or after 15th July, 1939, on three months' notice. 7,000 0 0 1 Aug., 1941 4J 315 1 Feb. „ 1 Aug. .. .. 7,000 100 0 0 1 Sept.. 1941 4i 4 1 Mar. „ 1 Sept. 100 0 0 .. .. Subject, to conversion under New Zealand Debt Conversion Act 3,621,570 0 0 15 Nov., 1941* 3| 135,809 15 May „ 15 Nov. 3,621,570 0 0 .. .. * Repayable at the option of the Government at par on or after 15th November, 1938, on three months' notice. 37,000 0 0 1 Mar., 1942 4 1,480 1 Mar. „ 1 Sept. 37,000 0 0 Carried forward .. 26,634,217 0 0 .. .. 917,618 .. 9,344,126 8 8 17,177,190 11 4 112,900

B.—l [Pt. Ill].

PUBLIC ACCOUNTS, 1936-1937.

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH 1937—continued.

6

— WiOi i.ixii.x«\yxxj it>y I \J\JIUVVI11A/ Die. Annual Charge. Domicile of Principal. Amount D D , | ! i ' -f outstanding. o g Remarks. ;|ij[ Interest. "When payable. New Zealand. London. Australia. p?S £ s - d - % £ £ s. d. £ s . d. £ Brought forward .. 26,634,217 0 0 .. .. 917,618 .. 9,344,126 8 8 17,177,190 11 4 112,900 New Zealand Loans Act, 1932 —continued. Debentures and Stock continued. .. 1 Feb., 1943 .... .. .. .. .. Option to repay £10,884,628 matur1- TT >, iqjo "*8 1 st February, 1963. •• •• •• Option to repay £9,842,625 matur13,670,880 0 0 13 Mar., 1943+ 3| 478,481 15 Mar. and 15 Sept. 13,670,880 0 0 .. .. ± Re|ayabfe tHS' ootL of the 7,335 0 0 15 Mar., 1943J 4 293 15 Mar. „ 15 Sept. 7,335 0 0 + at pa/oTor after 15th Mar, 1940, on three months' 7,339,656 4 9 1 Mar., 1944 4| 330,284 1 Mar. „ 1 Sept, .. 7 339 656 4 9 .. nofcws. 199,500 0 0 15 Feb., 1945 5 9,975 15 Feb. ,, 15 Aug. .. 1 199500 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 1 1 2,090,909 1 9 1 Dec., 1945* 4J 94,090t 1 June „ 1 Dec. .. 1 9 !! * Repayable at the option of the Government on orafter 1st Decern - ber, 1925, by giving three months' notice in the London Gazette. f Interest suspended in terms ofagree12,886,110 3 9 1.Jan., 1946 5 644,305 1 Jan. „ 1 July .. 12 886 110 3 9 ment with Imperial Government, 9,842,625 0 0 15 Feb., 1946 t 4 393,705 15 Feb. „ 15 Aug. 9,842,625 0 0 ' " J Repayable at the option of the Government at par on or after 15th February, 1943, on three 1,118,743 9 0 1 April, 1946 3 33,562 I April „ 1 Oct. 1,118,743 9 0 months' notice. 539,046 5 0 1 April, 1946a 4 21,562 1 April „ 1 Oct, 539,046 5 0 .. a Repayable at option of the holders ica -i ti-ho on 14 days'notice. 1 pn ' '" • • • • • • ■ • Option to repay £8,967,195 matur11,221,608 16 5 1 Nov., 1947 4J 504,972 1 May and 1 Nov. .. 11,221,608 16 5 mg 15th April, 1949. 1 Mar " 1948 • • ■ • • • • • .. . . Option to repay £19,225,465 matur10,500 0 0 1 Jan., 1949 4 420 1 Jan. and 1 July 10,500 0 0 .. .. mg 1st March, 1958. 1 Feb " 1949 • • ■ • • ■ • • .. .. Option to repay £5,000,000 matur8,967,195 0 0 15 April, 1949§ 4 358,688 15 April and 15 Oct. 8,967,195 0 0 .. .. § opttn of the Government at par on or after 15th April, 1946, on three months' notice. Carried forward .. 111,769,213 13 7 .. j .. 4,418,895 .. 43,502,951 2 8 68,153,362 10 11 112,900

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1937-continued.

B.—l [Pt. Ill].

PUBLIC ACCOUNTS, 1936-1937.

7

j ; : _ Annual Charge. Domicile of Principal. Amount 1 ■ l —^ —WW - ; outstanding. ue Date. -g-g I ■ : j 1 1 Interest - When payable. New Zealand. London. Australia. £ ■* d o I ~" ~— — — Brought forward .. 111,769,213 13 7 a 4.,q qqk „ £ s - d - £ s. d. £ " " 4 > 418 > 895 .. I 43,502,951 2 8 68,153,362 10 11 112,900 j JNew Zealand Loans Act, 1932 —continued. Debentures and Stock —continued. .. 25 jyj a y 1949 Option to repay £12,491,090 matur7,500,000 0 0 j 375,000 15 June and 15 Dec. | 7,500,000 0 0 .. May, 1952. 2,029 1000 0 0 Im' 195? g in 595 Feb" " 'l A°'' 2S °' 00 ° ° ° " " j 12,488,165 0 0 15 May,' 19521 3* j 4371085 15 Mav " 15 Nov'. ! 12 488 iō5 0 0 260 ' 000 ° ° 779 ' 000 2,935 0 0 15 May, 19521] 4 ! 117 15 Mav ' 15 Nov ! " ' 2' ft ft " " 1] Repayable at the option of the " ' 1 ' u • • • • Government at par 011 or after 15th May, 1949, on three months' notice. 15 June, 1952 .. ! I Option to repay £10,102,575 maturJ July, 1952 .... in g 15th June, 1955. Option to repay £12,000,000 matur2(SO, 000 0 0 14 July, 1952 4 j 10,400 1 Jan. and 1 July 260 000 0 0 ing 1st July, 1955. 15 Jan., 1953 .. .. 1 ' | *" " " "' Option to repay £7,866,314 12». 4d. 5,000,000 0 0 1 Feb., 1954* 3j j 175,000 1 Feb. and 1 Aug. ! 5 0 00 000 0 O - maturing 15th January, 1957. 6 o,uuu,uuu u 0 .. * Repayable at the option of the Government at par on or after 1 ■' 1st February, 1949, on three 10,102,575 0 0 15 June, 1955+ 4 404,103 15 June „ 15 Dec. 1 10 102 575 0 0 months' notice j ' 9 '' T Repayable at the option of the Government at par on or after I 15th June, 1952, on three months' 12,000,000 0 0 1 July, 1955J 3 360,000, 1 Jan. „ 1 Julv : 12 000 000 0 O + B n ° tice ;, - v ! •' 0 0 .. J Repayable at the option of the Government at par on or after 1st July, 1952, on three months' 15 Oct., 1955 .. .. notice. Option to repay £3,989,100 maturn o H an " 1956 3 10 ' 873 1 Jan. and 1 Julv 362,450 0 0 ing 15th October, 1960. loo'ono n n JT an " 130 1 Jan " " 1 Jul y i 3 > 706 oo ft ft oq i an " t 4 ' 000 1 Jan - » i July .100,000 oo 750 0 0 -29 Apr., 1956 4f 84 29 April „ 29 Oct. j 1,750 0 0 Carried forward .. 161,870 734 13 7 c oic n»i I ; ' ' " •• 6,316,074 | .. 67,075,472 2 8 93,903,362 10 11 891,900

J3,—l [PT. 11l

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1937—continued.

PUBLIC ACCOUNTS, 1 936-1 93 7.

8

K_7 X XX X J~J UXXilXl X VL VV Xi-uw v, Annual Charge. | Domicile of Principal. Amount Due Date. Remarks. outstanding. |g Interest . j when payable. New Zealand. London. Australia. 31 I T ' i ' ' " £ dl d ! £ Brought forward .. 161,870,734 13 7 .. •• 6,316,074 .. 67,075,472 2 8 | 93,903,362 10 11 891,900 New Zealand Loans Act, 1932 —continued. . v 10 Kft .. .. .. Option to repay £5,000,000 maturDebentures and Stock continued. .. 1 Nov., 195b .. .. .. ing 1st November, 1971. ft 7 866 314 12 4 15 Jan., 1957a Si 275,321 15 Jan. and 15 Jtily 7,866,314 12 4 .. .. a "Repayable at the option of the ' * Government at par on or alter 15th January, 1953, on three months' notice. 1,417,000 0 0 15 Jan., 1957 i 2|- j 35,425 15 Jan. „ 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 2 273 805 0 0 15 Jan., 1957 3i 79,583 15 Jan. „ 15 July 2,273,805 0 0 j '287,385 0 0 1 Feb., 1957 j 3" 8,622 1 Feb. „ 1 Aug. 287,385 0 0 1 417,000 0 0 15 May, 1957 2| 35,425 15 May „ 15 Nov. 1,417,000 0 0 451,414 15 8 15 May, 1957 3 13,542 15 May „ 15 Nov. 451,414 15 8 2,294,385 0 0 15 May 1957 i 34 80,303 15 May „ 15 Nov. 2,294,385 0 0 1,417,000 0 0 15 Aug., 1957 2J 35,425 15 Feb. „ 15 Aug. 1,417,000 0 0 8,735,905 0 0 15 Aug., 1957 ! 3 262,077 15 Feb. „ 15 Aug. 8,735,905 0 0 1,546,310 0 0 15 Aug., 1957 4 61,852 15 Feb. „ 15 Aug. 1,546,310 0 0 1,417,000 0 0 15 Feb., 1958 ! 2J 35,425 15 Feb. „ 15 Aug. 1,417,000 0 0 2,189,835 3 8 15 Feb., 1958 3J 76,644 15 Feb. „ 15 Aug. 2,189,835 3 8 .. .. .. . ., ,. , .. 19 225 465 0 0 1 Mar., 1958S 4£ 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 2J 35,425 15 June „ 15 Dee. 1,417,000 0 0 2 400 000 0 0 15 June, 1958 3J- 84,000 15 June „ 15 Dec. 2,400,000 0 0 l'437'000 0 0 15 Sept., 1958 21 35.425 15 Mar. „ 15 Sept. 1,417,000 0 0 .. .. 2'400 000 0 0 15 Sept., 1958 3| 84,000 15 Mar. „ 15 Sept, 2,400,000 0 0 .. .. l'417'ooo 0 0 15 Dec., 1958 2J 35,425 15 June ,, 15 Dec. 1,417,000 0 0 3'395 '963 4 4 15 Dec., 1958 3 101,879 15 June „ 15 Deo. 3,395,963 4 4 is'375 '989 11 8 15 Mar., 1959 3 101,280 15 Mar. „ 15 Sept. 3,375,989 11 8 2'400! 000 0 0 15 Mar., 1959 3| 84,000 15 Mar. „ 15 Sept. 2,400,000 0 0 38,980 0 0 15 Mar., 1959 4 1,559 15 Mar. „ 15 Sept. 38,980 0 0 4,307,350 0 0 15 July, 1959 3 129,221 15 Jan. „ 15 July 4,307,350 0 0 " Carried forward .. 235,025,737 1 3 .. •• 8,874,485 .. 120,992,109 10 4,113,141,727 10 11 891,900

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1937—continued.

B.—l [PT. 11l

PUBLIC ACCOUNTS, 1936-1937

2—B, 1 TPt. 11l

9

Annual Charge. Domicile of Principal. ouitaSltog. Due Date - o| I llem.-rte S v Interest. When payable. New Zealand. London. Australia. | £ s. d. | % £ £ S. d, £ s. d. £ Brought forward .. 235,025,737 1 3 .. .. 8,874,485 .. 120,992,109 10 4 113,141,727 10 11 891,900 New Zealand Loans Act, 1932 —continued. Debentures and Stock —continued. 380.000 0 0 15 July, 1959 3f 14,250 15 Jan. and 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* 3J 139,619 15 April ,, 15 Oct. .. 3,989,100 0 0 .. * Repayable at the option of the Government at par on or after 15th October, 1955, on three months' notice. 10,884,628 0 0 1 Feb., 1963f 4 435,385 1 Feb. „ 1 Aug. 378,638 14 4 10,505,989 5 8 .. f Repayable at the option of the Government at par on or after 1st February, 1943, on three months' notice. 5,000,000 0 0 1 Nov., 1971 J 5 250,000 1 May „ 1 Nov. .. 5,000,000 0 0 .. J Repayable at the option of the Government at par in whole or in Total Debentures and Stock 261,245,000 1 3 .. .. 9,892,705 .. 127,716,283 4 8 132,636,816 16 7 891,900 part on or after 1st November, — ■— 1956, on three months' notice. Funding Agreement with Imperial 577,446 11 5§ 1 June, 1945K .. 28,363** 1 June and 1 Dec. .. 577,446 11 5 .. § Balance of £27,532,164, Imperial Government Government advances, funded in 23,522,752 19 2§ 1 Dec., 1957f .. 1,164,867** 1 June „ 1 Dec. .. 23,522,752 19 2 .. terms of section 8, Finance Act, — 1922. Details of original loan as Total Funded Debt .. 24,100,199 10 7|| .. .. 1,193,230 .. .. 24,100,199 10 7 .. funded shown in B.-l [Pt. II], 1921-22. || Details on page 11. Tf Approximately. ** Payments suspended in terms of agreement with Imperial Government. Treasury bills .. .. 2,325,000 0 0 Various .. 1£ .. Various .. .. 2,325,000 0 0 t ____________ ___________ Carried forward .. 287,670,199 11 10 .. .. 11,085,935 .. 130,041,283 4 8 156,737,016 7 2 891,900

B.—l [Pt. Ill]

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES PAYABLE FROM THE CONSOLIDATED FUND AND OUTSTANDING ON 31st MARCH, 1937—continued.

PUBLIC ACCOUNTS, 19 3 6-1 93 7.

10

Annual Charge. Domicile of Principal. Amount Due Date _ [ | Remarks. outstanding. o v cd Interest. ! When payable. New Zealand. London. Australia. Ua I £ s. d. % £ £ s. d. £ s. d. £ Brought forward .. 287,670,199 11 10 .. .. 11,085,935 .. 130,041,283 4 8 156,737,016 7 2 891,900 Amortization Charges. £ T,704, 700* Repayment of the .. •. •• * Estimated. Public Debt Act, 1925 458,700f Funded Debt .. .. •• .. t Represents principal repayment also suspended by agreement with Imperial Government. 9,500t State Coal-mines .. .. + Payable from the State Coal-mines Sinking Fund Account. Estimated. 10,859§ Westport Harbour .. .. .. §£3,859 sinking fund, 4J per cent. Sinking Fund payable in respect of sinking funds 2,183,759 used for redemption; and £7,000 — — — sinking fund, 1 per cent, payable Total securities charged on 287,670,199 11 10 .. .. 13,269,694 .. 130,041,283 4 8 156,737,016 7 2 891,900 on £700,000 Westport Harbour the Public Revenues — — ~ Loans. Finance Act, 1931 (No. 4). SecD^d^f'hypc^teeation 'over" Dis- 2,700,000 0 0 || 3 81,000 30 Sept. and 31 Mar. 2,700,000 0 0 .. .. || Repayable £200,000 per annum or charged Soldiers Settlement ninet y da y s after demand. Securities •• 200,000 1[ Total securities outstanding 290,370,199 11 10 .. .. 13,550,694 .. 132,741,283 4 8 156,737,016 7 2 891,900 31st March, 1937 ■ ; —. — 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, £9,181 12s. Id.; Electric Supply Account, £13,429 15s. Id.; Westport Harbour Account, £320,635 lis. 6d.; Greymouth Harbour Board, £109,104 4s. 2d.; Samoan Loan Suspense Account, 14s. Id.; State Advances Account, £2,263,608 3s'. 5d.: total, £2,715,960 3s. 4d., particulars of which appear on pages 14 and 15. _ 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 11. 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 bv 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 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 Repayment of the Public Debt Act, 1925, is £215 232 294 4s. 5d. 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., J per cent, of the public debt coming under the provisions of the Act, together with 3| per cent, of the debt redeemed in accordance with the Act.

B.—l [Pt. lII].

PUBLIC ACCOUNTS, 193 6-193 7.

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, 1937.

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

11

m i. i ti.,v,4. i Amount of Funded Annual Charge. Amount of Debt Total Debt repaid Debt outstandin fnnHpri 10 at . When payable. 31st March, 1937. 31st SIarch; 1937> : interest. Debt °' Total - Finance Act, 1922, see. 8:— £ £ £ i £ 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, — Public Revenues Amendment Act, 1914, sec. 8 (War Expenses) 2,067,411 237,040 1,830,371 .. .. 124,045 1 June and 1 Dec. Public Revenues Amendment Act, 1915, sec. 5 (War Expenses) 8,105,992 929,395 7,176,597 .. 486,360 1 June „ 1 Dec. Finance Act, 1916, sec. 35 .. .. .. .. 4,736,842 543,104 4,193.738 .. .. 284,212 1 June „ 1 Dec. War Purposes Loan Act, 1917 .. .. .. .. 4,830,000 553,785 4,276,215 .. .. 289,800 1 June „ 1 Dec. Finance Act, 1918, sec. 10 .. .. .. .. 6,600,000 756,725 5,843,275 .. .. 396,000 1 June „ 1 Dee. Total War Loans .. .. .. .. 26,340,245 3,020,049 j 23,320,196 .. .. 1,580,417 Naval Defence Act, 1909 .. .. .. .. 963,131 385,684 577,447 .. .. 57,787 1 June and 1 Dec. Aid to Public Works and Land Settlement Act, 1910 .. 191,010 21,900 169,110 .. 11,460 1 June „ 1 Dec. Land for Settlements Act, 1908 .. .. .. .. 37,778 4,332 33,446 .. .. 2,266 1 June ,, 1 Dec. Totals .. .. .. .. .. 27,532,164 3,431,965 24,100,199 * * 1,651,930* — -=77— . = j * 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. outetanding Details. Due Date. Rate. Amount. When payable. ; . - - — £ £ % I £ Rural Advances Act, 1926 — 10,000 15 September, 1938 5 500 ] Lie Dentures .. .. 3,953,050 15 September, 1947 5 197,652 !> 15 March and 15 September. Scrip Certificates .. .. 250,000 250,000 15 September, 1947 5 12,500 J Total outstanding .. 4,213,050 4,213,050 .. .. 210,652

B.—l [Fr. Ill]

LOANS GUARANTEED BY THE GOVERNMENT. Contingent Liability outstanding on 31st March, 1937.

PUBLIC ACCOUNTS, 1936-19 37.

ADVANCES TO THE GOVERNMENT BY WAY OF OVERDRAFT UNDER SECTION 10 OF THE PRIMARY PRODUCTS MARKETING ACT, 1936, OUTSTANDING ON 31ST MARCH, 1937. Dairy Industry Account .. .. .. £6,225,908 Bs. 7d. .. .. •• Advances in respect of dairy-produce purchased for export and sale.

12

i Rate. Accumulated Loans guaranteed. Authority for Government Guarantee. j outstanding. Due Date ' ' ! S Fund. G Remarks. Int. S.F. | LOANS OF LOCAL AUTHORITIES. £ £ j % % £ s. d. Auckland City Council (Grey Lynn Borough Local Bodies' Loans Amendment Act, 1908 .. 12*500 / 000 Aug.] 1941 f * 23,429 1 2 | Loan) ' it n i(\A ifi a Under subsec. (6) of sec. 10 of Christchurch City Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 9*5 00 3 Dec., 1942 4 2 - If 7,494 lb Local Bodies' Loans Amend- | Cambridge Borough Council .. .. j Local Bodies' Loans Amendment Act, 1908 .. j 5,000 30 April, 1942 4i 1 2,617 3 3 therinWn* /ifndis°payable by Levin Borough Council .. .. • • Local Bodies' Loans Amendment Act, 1908 .. .. 18,000 19 June, 1942 1?> 13,709 1 1 the Treasury. Port Chalmers Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 3,500 1 July, 1942 4| 1 1,882 15 3 Taihape Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 25,000 1 Aug., 1942 4£ 1 12,689 2 5 Auckland City Council (Electric-power Ex- Local Bodies' Loans Act, 1913, Part IV .. .. 500,000 16 Mar., 1942 j 2b 280,400 19 Havelook North Town Board .. .. Local Bodies' Loans Act, 1913, Part IV .. j 21,075 J jJjy' 5 2 if 961 16 11 Te Puke Town Board .. .. .. Local Bodies' Loans Act, 1913, Part IV .. 11,000 1 Jan., 1948 4J 16,016 0 0 Wanganui Hospital Board .. .. Local Bodies' Loans Act, 1913, Part IV, and .. 1,500 1 April, 1943 6J 2f , 819 14 0 Hospitals and Charitable Institutions Amendment Act, 1920 (No. 2) OTHER LOANS. Land Settlement Finance Debentures .. Land Settlement Finance Act, 1909, sec. 13 .. .. 6,400 12 Oct., 1938 5 State Advances Corporation Stock and Series b " n A U " eS_ State Advances Corporation Act, 1936, sec. 25 .. 491,220 1955-60 3f .. .. 1 As per certificate of the Auditors 5™-° «R » 563,280 1938-44 Var- .. .. Y of the State Advances Cor- ! &enes a ........ „ j ous . i J poration.

B.—l iPT. 11l

PUBLIC ACCOUNTS, 1936-1937.

STATEMENT of SINKING FUNDS ACCRUED to the 31st March, 1937, in respect of various Loans.

13

PUBLIC DEBT £ s. d. £ s. d. State Coal-mines Sinking Fund, — Funds held in State Coal-mines Sinking Fund Account • .. .. 9,181 12 1 Samoan Loan Sinking Fund, — Funds held in Deposits Account, Samoan Loan Sinking Fund Account.. .. 14 1 Electric Supply Sinking Fund, — Funds held in Electric Supply Sinking Fund Account — South Island Scheme .. .. .. .. .. .. .. 13,429 15 1 Westport Harbour Loans Sinking Fund, — Funds held by the Public Trustee .. ., .. .. .. 320,635 14 6 Greymouth Harbour Board Sinking Fund, — Funds held by the Public Trustee .. ., .. .. . .. 109,104 4 2 STATE ADVANCES DEBT Advances Office Sinking Fund, —- Contingent liability of the State Advances Corporation in terms of section 38 (2) of the State Advances Corporation Act, 1934-35 .. .. 2,263,608 3 5 £2,715,960 3 4

B.—l [PT. 11l

PUBLIC ACCOUNTS, 1936-1937.

STATEMENT of the RECEIPTS and DISBURSEMENTS of the SINKING

14

RECEIPTS. £ s. d. I £ s. d. I ADVANCES OFFICE SINKING FUND Accumulation held on 31st March. 1936 — Contingent liability of the State Advances Corporation in terms of section 38 (2) of the State Advances Corporation Act, 1934-35 .. .. ••. 2,263,608 3 5 2,263,608 3 5 STATE COAL-MINES SINKING FUND Accumulation held on 31st March, 1936, — In State Coal-mines Sinking Fund Account .. .. .. .. .. 8,821 8 4 Transfer from State Coal-mines Account, Finance Act, 1928, section 22, — Subsection (1) —2 per cent, of amount of Loans raised to 31st March, 1937, less amount redeemed otherwise than from the Sinking Fund .. 4,122 0 5 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund to 31st March, 1936 .. .. .. •• •• •• 4,754 6 2 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund during the current vear from the date of redemption .. .. .. 302 10 9 9,178 17 4 Interest on Investments .. .. .. .. .. •• •• 165 18,001 12 1 SAMPAN LOAN SINKING FUND Accumulation held on 31st March, 1936, — In Deposits Account, Samoan Loan Sinking Fund Account .. .. .. 4,037 17 1 Contribution by Samoan Treasury .. .. .. .. .. .. 4,232 17 0 8,270 14 1 ELECTRIC SUPPLY SINKING FUND Accumulation held on 31st March, 1936, — In Electric Supply Sinking Fund Account — South Island Scheme .. .. .. .. ■■ -• j •• 17,555 5 1 Transfer from Electric Supply Account in accordance with section 12 of State Supply of Electrical Energy Act, 1917, — South Island Scheme Southland Electric-supply Act, 1936, section 8 (2) ( g) — Sinking Funds paid in by the Public Trustee .. .. .. .. 522 4 0 Interest on Investments .. .. .. •. • • • • • • 2114 4 18,099 3 5 WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Accumulated funds as at 31st March, 1936 .. .. .. .. 298,435 17 4 Subsection (4) (a) —Contribution for the financial year 1936-37 .. .. 7,000 0 0 Subsection 4 (d)—Contribution at the rate of ii per cent, per annum in respect of Sinking Funds used to 31st March, 1936, to redeem debentures .. .. .. .. .. •• •• 3,858 15 0 Interest on Investments .. .. .. .. .. .. ■ • 11', 366 17 8 320,661 10 0 GREYMOUTH HARBOUR BOARD SINKING FUND Greymouth Harbour Board Amendment Act, 1935, section 4, — Accumulated funds as at 31st March, 1936 .. .. .. .. 105,414 14 6 Interest .. .. .. • • • • • • • • • ■ • • 3,689 9 8 i 109,104 4 2

B.—l [PT. Ill],

PUBLIC ACCOUNTS, 1936- 1937

FUNDS during the FINANCIAL YEAR ended 31st March, 1937.

G. C. Rodda, Secretary to the Treasury. B. C. Ashwin, Accountant to the Treasury. The Treasury, Wellington, 9th September, 1937. Examined and found correct. J. H. Fowler, Controller and Auditor-General. Audit Office, 14th September, 1937,

15

DISBURSEMENTS. £ s. d. ADVANCES OFFICE SINKING FUND Contingent liability of the State Advances Corporation in terms of Section 38 (2) of the State Advances Corporation Act, 1934-35 .. .. .. .. .. .. 2,263,608 3 5 2,263,608 3 5 STATE COAL-MINES SINKING FUND Securities redeemed in terms of section 22 (2) of the Finance Act, 1928 .. .. .. 8 820 0 0 Accumulation held on 31st March, 1937, —• In State Coal-mines Sinking Fund Account .. .. .. .. .. .. 9,181 12 1 18,001 12 1 SAMOAN LOAN SINKING FUND Loans redeemed in terms of section 4 of the Finance Act, 1932 (No. 2) .. .. .. 8,270 0 0 Accumulation held in Deposits Account, Samoan Loan Sinking Fund Account, on 31st March, 1937 .. .. .. .. .. .. .. .. .. .. 14 1 8,270 14 1 ELECTRIC SUPPLY SINKING FUND:— Securities redeemed in terms of section 23 (1) of the Finance Act, 1928 .. .. .. 4,669 8 4 Accumulation held in Electric Supply Sinking Fund Account on 31st March, 1937, — South Island Scheme .. .. .. .. .. .. .. .. 13,429 15 1 18,099 3 5 WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Annual fee for administering fund .. .. .. .. .. .. .. 25 0 0 Administration expenses, &c. .. .. .. .. .. .. .. 15 6 Accumulation held by the Public Trustee on 31st March, 1937 .. .. .. .. 320,635 14 6 320,661 10 0 GREYMOUTH HARBOUR BOARD SINKING FUND Accumulation held by the Public Trustee on 31st March, 1937 .. .. .. .. 109,104 4 2 109,104 4 2

B.—l [PT. Ill]

PUBLIC ACCOUNTS, 1936-1937. Statement as at 31st March, 1937, showing Analysis of the Public Debt under the Several Purposes for which the Moneys have been raised. £ Railways .. .. .. .. . • •• 61,992,417 Hydro-electric Schemes .. .. .. .. 13,905,509 Post and Telegraph .. .. .. .. .. 13,775,637 Public Buildings, Schools, and Sites .. .. .. 14,023,324 Roads and Highways .. .. .. .. .. 29,109,67 6 Harbours and Lighthouses .. .. .. .. 2,203,929 State Forests .. .. .. .. .. •• 2,072,697 State Advances .. .. .. .. .. •• 40,659,160 Land Settlement and Improvement .. .. .. 25,884,821 Shares in Bank of New Zealand .. .. .. .. 875,000 Shares in Reserve Bank of New Zealand .. .. .. 1,626,081 Investment in State Advances Corporation .. .. .. 1,031,708 Share in Nauru and Ocean Island Phosphates .. .. 389,675 Development of Mining .. .. .. .. .. 997,539 Tourist Resorts .. .. .. .. .. .. 665,565 Immigration .. .. .. .. .. .. 3,317,632 War and Defence .. .. .. . • ■ • 69,502,430 Revenue Deficiencies (prior to 1893) .. .. .. 2,216,856 Old Provincial Liabilities .. .. .. .. •• 878,739 Miscellaneous .. .. .. .. 423,779 Cash and Investments in hand .. .. .. .. 2,118,026 £287,670,200 G. C. Rodda, Secretary to the Treasury. B. C. Ashwin, Accountant to the Treasury. Approximate Cost of Paver. —Preparation, not given; printing (580 copies), £27 10s.

By Authority: E. Y. Paul, Government Printer, Wellington. —1937.

Price 6d.}

16

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Bibliographic details

B-01-part03 PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1936-1937. 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, 1937., Appendix to the Journals of the House of Representatives, 1 January 1937

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4,694

B-01-part03 PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1936-1937. 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, 1937. Appendix to the Journals of the House of Representatives, 1 January 1937

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