PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1944 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1944, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Appendix to the Journals of the House of Representatives, 1944 Session I, B-10

B.—lo

1944 NEW ZEALAND

PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1944 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1944, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Presented to both Houses of the General Assembly pursuant to Section 107, Subsection (2), of the Public Revenues Act, 1926

INDEX

FAGH Government Insurance Office .. .. .. .. • • • • • • • • • • .. 4 Government Accident Insurance Office .. .. .. .. . • • • • • • • .. 4 Mines Department .. .. .. • • • • • • • • • • • • • • .. 5 National Broadcasting Service .. .. . • • • • • • • • • • • .. 8 Native Trustee .. .. • • • • • • • • • • • • • • • • .. 7 Other Securities (Departments of Agriculture, Forestry, Industries and Commerce, Tourist and Publicity, Marketing, Social Security, Native, Public Works, Railways, Lands and Survey, and Niue Island Administration) .. .. •• •• •• •• •• •• •• ..11 Post Office .. .. . • ■ • • • • • • • • • ■ • • • • • .. 2 Public Trust Office .. .. .. ■ • ■ • • • • • • • • • • • .. 5 State Advances Corporation (Housing Branch) .. .. .. ■ • • • ■ • • • .. 7 State Fire Insurance Office .. .. • • • • • • • • • • • • • • .. 3 Summary, &c. .. .. •• •• •• •• •• •• •• *• ..11 Treasury .. .. ■ ■ • • • • • • • • • • " " '• .. 8 7 Westport Harbour .. .. .. • • • ■ • • • • • • • • • •

I—B. 10

B.—lo

PUBLIC SECURITIES HELD BY THE POST OFFICE SECURITIES HELD IN RESPECT OF SAVINGS-BANK INVESTMENTS

SECURITIES HELD IN LONDON

SECURITIES HELD IN RESPECT OF POST OFFICE INVESTMENT CERTIFICATES

2

Particulars of Security Amount held „„ Amount held as at 1 nI ,', 8e fl a 01 Sold, renewed, as at p „ f „ „ f 31st March, i,!™,. or redeemed. 31st, March, Nature of Security. Date Interest 1943, Renewal. ]g 44 Held in New Zealand % £ £ £ £ State Advances Corporation of New Zealand (Stock) .. 1/9/55 3f 211,510 .. .. 211,510 1/8/60 3f 1,260,000 .. .. 1,260,000 1/8/63 3§ 660,000 .. .. (560,000 1/8/72 31 750,000 .. .. 750,000 1/8/75 3$ 6,500,000 .. .. 6,500,000 Neiv Zealand Government Securities New Zealand Loans Act, 1932 (Stock) .. .. 15/9/47 2£ 500,000 .. .. 500,000 .... 15/6/49 2£ .. 5,000,000 .. 5,000,000 .... 15/1/57 2£ 1,874,710 .. .. 1,874,710 .... 15/5/57 2| 1,417,000 .. .. 1,417,000 .... 15/8/57 2J 17,234,933 13,550,000 3,000,000 27,784,933 .... 15/2/58 2J 3,606,835 .. .. 3,606,835 .... 15/6/58 2\ 1,417,000 .. .. 1,417,000 .... 15/9/58 2i 2,678,400 .. .. 2,678,400 .... 15/12/58 2i 2,842,000 .. .. 2,842,000 .... 15/3/59 2i 2,537,015 .. .. 2,537,015 .... 15/7/59 2h 2,980,679 .. .. 2,980,679 .... 1/4/46 3 1,107,743 .. .. 1,107,743 .... 15/5/56 3 500,000 .. .. 500,000 .... 1/1/56 3 250,000 .. .. 250,000 .... 15/12/56 3 75,000 .. 75,000 .... 15/5/57 3 5,511,831 .. .. 5,511,831 .... 1/2/57 3 93,720 .. 93,720 .... 15/8/57 3 700,000 109,845 .. 809,845 .... 15/12/58 3 15,744,383 481,260 .. 16,225,643 .... 15/10/59 3 1,703,036 .. .. 1,703,036 .... 15/11/59 3 4,245,535 .. .. 4,245,535 .... 15/5/57 3£ 1,395,086 .. .. 1,395,086 .... 15/6/58 31 1,521,250 .. .. 1,521,250 .... 15/6/55 4 570,000 50,000 .. 620,000 .... 15/3/59 4 630,640 .. 630,640 .... 1/8/54 3 200,000 .. .. 200,000 80,643,306 19,266,105 3,724,360 96,185,051 Local Authorities' Securities £ £ £ £ Local Authorities'securities .. .. .. .. Various Var. 494,236 .. 26,334 467,902 Total .. .. .. .. .. .. .. 494,236 .. 26,334 467,902

Particulars of Security. On hand 31st March, 1943. Purchage(i Sold On hand 31st March, 1944. "" ——— (a)Nominal; (a)Nominal; Nature of Security. Interest Nominal. Cost. (»)Cost. (6) Cost. Nominal. Cost. %£££££ £ Canadian Stock .. .. .. 1/10/47 2°£ 12,667 10,133 .. .. 12,667 10,133 ... .. 1958-63 3J 5,000 5,000 .. .. 5,000 5,000 Commonwealth of Australia Stock .. 1946-4-9 3f 1,773 1,773 .. .. 1,773 1,773 Egyptian Government Guaranteed Bonds .. 3 16,200 13,075 .. jij 13'075 / Imperial War Loan 1/12/52 3| 428,926 457,440 881 (a)431,807 \ New Zealand Consolidated Stock .. 1/4/45 3 2,260,495 2,244,583 .. .. 2,260,495 2,244,583 New Zealand Loans Act, 1932 (Stook) .. 15/1/57 3 12,900 12,965 .. { ("j 12'965 } South Australian Stock .. .. 1955-70 4 12,000 12,000 .. .. 12,000 12,000 Union of South Africa Stock .. .. 1954-64 3 230,000 189,085 .. .. 230,000 189,085 Victorian Stock .. .. .. 1/1/29-49 3 12,380 10,709 .. .. 12,380 10,709 Total, Securities held in London .. .. .. 2,992,341 2,956,763 (a)2,881 (ct)460,907 2,534,315 2,473,283 (6)3,000 (6)486,480

Particulars of Security. Amount held p„ r .v.„,, nr Amount held as at Sol<1 . renewed, as at Nature of Security. Old Issue % £ £ £ £ Now Zealand Loans Act, 1932 (Stock) .. .. 15/6/55 4 6,040 .. .. 6,040 New Issue New Zealand Loans Act, 1032 (Stock) .. .. 15/6/55 4 5,710 .. .. 5,710 Six-year Currency New Zealand Loans Act, 1932 (Stock) .. .. 1/4/46 3 80,000 .. .. 80,000 .... 15/6/55 4 200,900 .. 50,000 150,900 Total .. .. .. .. .. .. .. 292,650 .. 50,000 242,650

B. —10

Public Securities held by the Post Office—continued

PUBLIC SECURITIES HELD BY THE STATE FIRE INSURANCE OFFICE

3

Particulars of Security. Purcta»d or Sold . renewed . w . _ " ~ Maturity Bate of 31st March, in lleiiewal . or redeemed. 31st March, Nature of Security. Date. Interest. 1943 ' 1U44 ' SECURITIES HELD IN RESPECT OF NATIONAL SAVINGS BONDS % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/12/58 3 3,240,000 .. .. 3,240,000 15/8/57 3 1,510,000 3,250,000 .. 4,760,000 Total .. .. .. .. .. •• •• 4,750,000 3,250,000 .. 8,000,000 SECURITIES HELD IN RESPECT OF NATIONAL SAVINGS INVESTMENTS % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/12/58 3 2,781,000 .. .. 2,781,000 15/8/57 3 2,100,000 6,600,000 .. 8,700,000 Total .. .. .. .. •• •• •• 4,881,000 6,600,000 .. 11,481,000 SECURITIES HELD IN RESPECT OF DEPRECIATION AND OTHER RESERVE FUNDS % ' £ £ £ £ State Advances Corporation of New Zealand (Stock) .. 1/8/63 3$ 780,000 .. .. 780,000 New Zealand Loans Act, 1932 (Stock) .. .. .. 15/9/47 2J 1,000,000 .. .. 1,000,000 15/6/49 2J .. 2,250,000 .. 2,250,000 15/8/57 2| .. 500,000 .. 500,000 1/4/46 3 50,000 .. .. 50,000 " 1/1/56 3 111,700 .. .. 111,700 15/5/57 3 152,172 .. .. 152,172 .... 15/8/57 3 300,000 .. .. 300,000 .. 15/12/58 3 1,500,000 .. .. 1,500,000 15/3/59 3 205,491 .. .. 205,491 15/7/59 3f 380,000 .. .. 380,000 1/1/56 4 100,000 .. .. 100,000 " „ .. .. .. 15/8/57 4 1,355,710 .. .. 1,355,710 Total .. .. .. •• •• •• •• 5,935,073 2,750,000 .. 8,685,073 SUMMARY OF SECURITIES HELD BY POST OFFICE % £ £ £ £ Securities held in New Zealand in respect of Savings-bank Various Var. 80,643,306 19,266,105 3,724,360 96,185,051 investments Local Authorities securities .. .. .. .. „ „ 494,236 .. 26,334 467,902 Securities held in London .. .. .. .. ,, ,, 2,992,341 2,881 460,907 2,534,315 84,129,883 19,208,986 4,211,601 99,187,268 Securities hold in respect of Post Office investment „ „ 292,650 .. 50,000 242,650 certificates Securities held in respect of National Savings Bonds .. „ „ 4,750,000 3,250,000 .. 8,000,000 Securities held in respect of National Savings Investments „ „ 4,881,000 6,600,000 .. 11,481,000 Securities held in respect of depreciation and other Reserve „ „ 5,935,073 2,750,000 .. 8,685,073 Funds : T ota l .. .. .. .. .. .. .. 99,988,606 31,868,986 4,261,601 127,595,991

Particulars of Security Amount held p m .„ ha3e(1 or „ , Amount held as at infturrt Sold - re ™ w ed, as at ~ " Mn!„ritv B»tr. nf 31st March, , , or redeemed. 31st March, Nature of Security. Interest 1943 ' ">«*• Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/9/60 3J 117,715 .. .. 117,715 15/5/52 4 212,910 .. .. 212,910 15/2/46 4 66,610 .. .. 66,610 15/4/49 4 87,970 .. .. 87,970 .... 15/6/55 4 15,400 . . .. 15,400 15/1/57 3£ 143,000 .. .. 143,000 1/10/53 2| 50,000 .. .. 50,000 1/8/54 3 50,000 .. .. 50,000 15/9/55 3 25,000 .. .. 25,000 .. 15/12/56 3 .. 50,000 .. 50,000 ,' ," (Treasury Bills) .. 10/3/45 1J 60,000 120,000 120,000 60,000 Rural Advances Act, 1926 .. .. .. .. 15/9/47 5* 15,000 .. .. 15,000 Local Authorities' Securities Local Authorities'securities .. .. .. .. Various Var. 223,071 .. 9,703 213,368 Other Securities Debentures under Masterton Trust Lauds Trust Empowering 31/3/46 3| 390 .. 130 260 Act, 1923 Ditto 3/3/44 .. 700 .. 700 .. Masterton Trust Lands Trust Debentures under seotion 70, 26/1/57 3J 2,800 .. 200 2,600 Local Legislation Act, 1936 State Advances Corporation of New Zealand (Stock) .. 1/9/60 3f 5,000 .. .. 5,000 Fixed Deposits (Bank of New Zealand) .. .. 31/7/43 If 5,000 .. 5,000 , .... 30/10/43 If 10,000 .. 10,000 .. 11/11/43 If 5,000 .. 5,000 1/3/44 If 30,000 .. 30,000 " .. .. 31/7/44 If .. 5,000 .. 5,000 .. 30/10/44 If .. 10,000 .. 10,000 .. 11/11/44 If .. 5,000 .. 5,000 , .... 1/3/45 If .. 30,000 .. 30,000 1,125,566 220,000 180,733 1,164,833 Land and house property .. .. .. .. .. •• 233,628 9,394 26,540 216,482 1,359,194 229,394 207,273 j 1,381,315 • Subject to 20 per cent, interest-tax under Finance Act, 1932-33.

B.—lo

PUBLIC SECURITIES HELD BY THE GOVERNMENT ACCIDENT INSURANCE OFFICE

PUBLIC SECURITIES HELD BY THE NEW ZEALAND GOVERNMENT INSURANCE DEPARTMENT

4

Particulars of Security. Amount held Amount held as at 1 Sprt Sold > renewed, as at „ lnr ,„.,„ n , t)v Maturity Bate of 81st March, in Eenewal . or redeemed. 31st March, Nature of Security. Date> Intere st. 1943 " 1044 Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/9/60 3J 09,030 .. .. 69,030 .... 1/8/54 3 50,000 19,000 .. 69,000 .15/5/52 4 47,500 .. .. 47,500 15/2/46 4 27,380 .. .. 27,380 15/4/49 4 27,385 .. .. 27,385 15/6/55 4 27,385 .. .. 27,385 15/1/57 3| 24,000 .. .. 24,000 1/10/53 2£ 50,000 .. .. 50,000 15/9/55 3 25,000 .. .. 25,000 .. 15/12/56 3 .. 50,000 .. 50,000 (Treasury Bills) .. 10/3/45 1£ 85,000 280,000 225,000 140,000 Local Authorities' Securities Local Authorities'Securities .. .. .. .. Various Var. 181,068 2,000 19,851 163,217 Rural Advances Bonds Rural Advances Bonds under Rural Advances Act, 1926.. 15/9/47 5* 5,000 .. .. 5,000 State Advances Corporation of New Zealand Stock .. 1/9/60 3$ 5,000 .. .. 5,000 623,748 351,000 244,851 729,897 * Subject to 20 per cent, interest-tax under Finance Act, 1932-33.

Particulars of Security. Amount held p lir «v, Qa pH ™ Amount held an at 1 Sold, renewed, as at Mahiritv Kate of 31st March, , „ , or redeemed. 31st March, Nature of Security. Date Interest 1943> Renewal. 10M _ Held in New Zealand New Zealand Government Securities % £ £ f £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/9/57-60 3J 591,785 .. .. 591,785 15/2/46 4 188,750 .. .. 188,750 15/4/49 4 188,510 .. .. 188,510 .... .. 15/6/55 4 49,740 .. .. 49,740 15/5/52 4 512,390 .. .. 512,390 15/1/57 3£ 182,060 .. .. 182,060 31/5/58 4 90,000 .. .. 90,000 1/10/53 2i 92,180 .. .. 92,180 1/8/46 2j 10,000 .. .. 10,000 .. 1/8/51-54 3 150,000 .. .. 150,000 .. 15/9/52-55 3 400,000 .. .. 400,000 .. 15/5/53-56 3 350,000 350,000 .. 700,000 15/1/59 3i 50,000 .. .. 50,000 New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various lj 100,000 .. 100,000 Rural Advances Bonds Rural Advances Act, 1926 .. .. .. .. 15/9/47 5* 90,000 .. .. 90,000 15/9/47 5* 86,000 .. .. 86,000 LocalmAuthorities' Securities Local Authorities'Securities .. .. .. .. Various Var. 2,257,619 595,130. 96,514 2,756,235 Miscellaneous Securities Landed and house property (freehold) .. .. Various Var. 505,546 .. 6,001 499,545 Landed and house property (leasehold) .. .. „ „ 343 .. 171 172 Properties acquired on default of mortgagors .. .. ,, ,, 32,981 7,730 14,453 26,258 Mortgages.. •• •• •• » » 4,920,272 161,213 285,052 4,796,433 Securities held in London New Zealand Consolidated Stock .. .. .. 1/4/45 3 625,900 .. .. 625,900 11,474,076 1,114,073 502,191 12,085,958 * Subject to reduction under Local Authorities Interest Reduction and Loans Conversion Act, 1932-33.

B.—lo

PUBLIC SECURITIES HELD BY MINES DEPARTMENT

PUBLIC SECURITIES HELD BY THE PUBLIC TRUST OFFICE

5

Particulars of Security. Amount held 0 <,„i „ r Amount held as at ,, „ e ? 01 Sold, renewed, as at Maturity Hate of 3l9t Marcl >. i„ hZw.i or redeemed. 31st March, Nature of Security. Date Interest. 1943 ' Renewal. 1944 _ State Coal-mines Account % £ £ £ £ Mortgages: Housing loans to State Coal-miners .. Various 4| 34,220 5,303 3,468 56,055 Mortgages and miscellaneous securities .. .. „ 5 6,298 3,188 1,673 7,813 Mining Advances Account Mortgages with mining companies .. .. .. .. 5 14,910 .. .. 14,910 Mines Department Agreement to purchase Waimea-Kumara Water-races: 31/7/52 5£ 6,243 .. .. 6,243 Westland Power, Ltd. Miscellaneous securities .. .. .. .. Various Var. 90,253 23,928 1,648 112,533 171,924 32,419 6,789 197,554

Particulars of Security. Amount held Amount held as at ™ or Sold, renewed, as at .. Maturity Hate of 31st March, in Kwal. or redeemed. 8M March, Nature of Security. Date / Interest . 1943. 19U. Held in New Zealand % £ £ £ £ Mortgages.. .. .. .. .. .. Various Var. 14,480,300 307,654 802,366 13,98,5,388 Local Authorities'securities .. .. .. .. Various Var. 7,582,403 447,608 408,474 7,621,537 New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury Bills) .. .. 31/3/43 1A 100,000 .. 100,000 .... 31/3/43 lj 50,000 .. 50,000 .... 9/4/43 1J 25,000 .. 25,000 .... 31/3/43 lj 50,000 .. 50,000 .... 31/3/43 lj 25,000 .. 25,000 .... 31/3/43 H 40,000 .. 40,000 .... 31/3/43 l| 50,000 .. 50,000 31/3/43 li 35,000 .. 35,000 .... 31/3/43 li 35,000 .. 35,000 .... 30/6/43 l| .. 315,000 315,000 .... 9/7/43 li .. 275,000 275,000 .... 5/8/43 li . . 100,000 100,000 30/9/43 l| .. 115,000 115,000 9/10/43 li .. 175,000 175,000 .... 10/3/44 li . . 500,000 ' 500,000 .... 10/3/45 li .. 275,000 .. 275,000 National Savings Bonds .. . . .. . . 9/12/45 .. 200 .. . . 200 New Zealand Loans Act, 1932 (Stock) .. .. .. 1/10/53 .. 13,555 .. 13,555 1/8/46 2i 40,300 600 .. 40,900 15/9/47 2i . . 620 .. 620 15/6/49 2| .. 7,150 .. 7,150 1/10/53 24 .. 31,225 .. 31,225 .. * .. 15/7/45 3 . . 400 .. 400 .. 15/12/56 3 .. 334,565 .. . 334,565 1/8/54 3 33,530 1,100 .. 34,630 15/8/57 3 789,500 588,500 .. 1,378,000 15/9/60 3i 1,318,460 21,015 .. 1,339,475 15/3/45 4 8,550 .. .. 8,550 15/1/57 3 34,000 .. 34,000 15/1/57 3i 4,004,620 5,745 .. 4,010,365 .. 15/12/58 3 420,000 .. .. 420,000 15/1/59 3£ 661,380 1,500 .. 662,880 1/4/46 4 1,525 544 .. 2,069 15/2/46 4 1,252,520 14,210 .. 1,266,730 15/4/49 4 1,324,260 9,160 .. 1,333,420 15/6/55 4 757,540 17,620 .. 775,160 15/9/47 4 2,304,100 8,350 .. 2,312,450 15/5/52 4 285,490 21,845 .. 307,335 .. 30/11/48 4 206,000 4,125 .. 210,125 15/8/57 4 700,000 .. .. 700,000 31/5/58 4 351,300 11,750 .. 363,050 15/5/48 24 230 550 230 550 15/9/48 3 .. 2,410 .. 2,410 15/9/55 3 513,100 3,630 .. 516,730 15/5/56 3 400,310 7,700 310 407,700 22/5/60 34 800 200 .. 1,000 Rural Advances Act, 1926 (Rural Advances Bonds) .. 15/9/47 4 900 .. 900 State Advances Corporation of New Zealand (Stock) .. 1/9/60 3f 130,000 .. .. 130,000 1/6/44 31- 2,000 .. .. 2,000 Property acquired by foreclosure .. .. .. .. .. 286,728 12,669 29,738 269,659 Advances to protect security .. .. .. .. .. 72,039 5,862 30,018 47,883 Leasehold and freehold property and balance purchase- .. .. 368,988 438 12,858 356,568 money on premises sold Fixed Deposit Receipts .. .. .. .. .. .. 2,450 .. 2,450 Held in London Midland Bank, Ltd... .. .. .. •• At call 4 15,000 .. 15,000 4 30,000 .. 30,000 .. „ 4 10,000 10,000 4 .. 30,000 5,000 25,000 w 38,802,078 3,663,745 3,285,099 39,180,724

B.—lo

Public Securities held by the Public Trust Office —continued (Included in foregoing return) Statement of Public Securities held by the Public Trustee in the Dominion or Nkw Zealand as at 31st March, 1944. Mortgages Common Fund of the Public Trust Office— t Flat mortgages .. .. .. •• •• •• •• '>2«M20 Instalment mortgages.. .. .. •• •• •• •• •• •• 'iqq Public Service Superannuation Fund .. .. •• •• •• .. 1, 084, 1J J Teachers' Superannuation Fund .. .. .. •• •• •• •• Railways Superannuation Fund .. .. .. •• •• •• 563,076 National Provident Fund .. .. .. •• •• •• •• •• •• •• IJ,on.S Land Settlement Finance Act Associations .. .. .. .• •• •• •• •• 100,700 1 1 i) ) Jut) f uOO Local Authorities' Securities Common Fund of the Public Trust Office .. .. .. .. •• •• •• •• 6,196,115 Special investments outside the Common Fund — £ Agencies 75 ' (i 55 Estate —- Pemanent — 80,000 Public Service Superannuation Fund .. .. •• •• •• •• •• 609,253 Teachers' Superannuation Fund .. .. . • •• •• •• •• •• Railways Superannuation Fund .. .. •• •• •• •• n^'oni, National Provident Fund .. .. .. •• •• •• •• •• •• •• 417,33J 7,0^1,00i Government Securities Common Fund of the Public Trust Office .. .. •• •• •• •• •• •• Public Service Superannuation Fund .. .. .. •• •• •• •• •• f?, Teachers' Superannuation Fund .. .. •• •• •• •• •• ocl'alir Railways Superannuation Fund .. .. .. •• •• •• •• •• •• >>04,840 National Provident Fund .. .. •• •• •• •• •• •• Public Debt Redemption Fund .. .. .. •• •• •• •• •• •• 2,349,850 State Advances Corporation of New Zealand Stock Common Fund of the Public Trust Office .. .. •• •• •• •• •• •• sn'nnri Public Service Superannuation Fund .. .. •• •• •• •• •• •• r oon Teachers' Superannuation Fund .. .. .. •• •• •• •• •• •• G'^oo Railways Superannuation Fund .. .. •• •• •• •• •• •• •• ->>' " '-J ' National Provident Fund .. .. .. • • ■ • • • • • • • • • • ■ ° Properties acquired by Foreclosure Common Fund of the Public Trust Office .. .. •• •• •• •• •• •• 188 Public Service Superannuation Fund .. .. ■■ •• •• •• ■■ enn Railways Superannuation Fund .. .. . • •• •• •• •• •• o'44'i National Provident Fund .. .. . • •• ■■ •• •• •• •• •• -,443 269,659 Advances to protect Securities Common Fund of the Public Trust Office .. .. •• •• •• •• •• •• TeacheifS' Superannuation Fund .. .. .. • • • • • • • • • • • • >™0 Railways Superannuation Fund .. .. • • •• •• •• •• •• ___ 47 SS 3 9 Property Titles to freehold and leasehold property and balance purchase-money of premises sold .. .. .. .. 356, 568 Total held in New Zealand .. .. .. • • • • • • • • • • 39,155,724 Securities held outside New Zealand Fixed-deposit Receipts £ Midland Bank, London .. .. • • • ■ • • • • • • • • • • • • • • 2^o> ' ll>

6

B.—lo

PUBLIC SECURITIES HELD BY THE PUBLIC TRUSTEE AS SINKING FUND COMMISSIONER FOR THE WESTPORT HARBOUR UNDER SECTION 13 OF THE FINANCE ACT, 1928

PUBLIC SECURITIES HELD BY THE NATIVE TRUSTEE

PUBLIC SECURITIES HELD BY THE STATE ADVANCES CORPORATION OF NEW ZEALAND Housing Branch

7

Particulars of Security. Amount held purchased or Amount held as at 1 Sold, renewed, as at ~ ' ~~ -o.t. „ f 31st March, , , or redeemed. 31st March, Nature of Security. Date? Interest 1943 " in Renewal. mi New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/1/57 3£ 29,375 .. 29,375 15/2/46 4 29,375 .. 29,375 15/4/40 4 29,375 .. 29,375 15/6/55 4 29,370 .. 29,370 1/1/49 4 10,500 .. 10,500 Local Authorities' Securities Local Authorities'securities .. .. .. .. Various Var. 9,961 .. 293 9,668 137,956 .. 128,288 9,668

Particulars of Security. Amount held p, irP hfmpd nr Amount held as at isCd Sold 'renewed, as at Fa .. Maturity Kate of 31st Match, ln K™ al . or redeemed. 31st March, Nature of Security. Date / Intere8t . 1943 - 194 J - Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 3 3,000 3,830 .. 0,830 New Zealand Loans Act, 1932 (Treasury Bills) .. .. .. 1£ 20,000 80,000 .. 100,000 Local Authorities'' Securities Local Authorities'securities .. .. .. .. Various 4} 5,100 .. .. 5,100 Miscellaneous Securities Advances to farm stations .. .. •• •• Various .. ](>0,284 .. 18,383 141,901 Mortgages.. .. .. •• Various Var. 397,045 4,308 15,457 386,556 Mortgages (special investments) .. . . .. 26/7/42 4J 350 .. . . 350 Properties acquired .. .. .. .. •• Various Var. 18,309 522 2,250 16,581 Fixed deposit with bank .. .. .. .. .. . . 35,000 .. .. 35,000 639,688 88,720 36,090 692,318

Particulars of Security Amount held Amount held as at 1 jJJJjS®, or Sold, renewed, as at pa „ Maturity Rate of March, tn SZwal. or redeemed. 31st March, Nature of Security. Date. Interest. 1943 ' 1944 - % £ £ £ £ Local Authorities'debentures .. .. •• Various 3 423,089 .. .13,286 410,403 Rural Housing Act, 1939 (Debentures) .. .. Various 3 165,901 5,280 15,860 155,315 Mortgages and debentures (dairy companies) .. .. .. 3 7,749 .. 523 7,226 597,339 5,280 29,675 572,944

B.—lo

PUBLIC SECURITIES HELD BY NATIONAL BROADCASTING SERVICE

PUBLIC SECURITIES HELD BY THE TREASURY

8

Amount held p 1ir „ hnHP .i nr Amount held Nature of Security Maturity Rate of as at issued Sol(i ' renewed > as at mature 01 security. Date. Interest, 31st March, ln Renewal or redeemed. 31st March, 1943. ' 1944. % £ £ £ £ New Zealand Loans Aot, 1932 (Treasury Bills) .. .. Various 1J 1,180,000 3,560,000 3,340,000 1,400,000 1,180,000 3,560,000 3,340,000 1,400,000 COMMERCIAL DIVISION New Zealand Loans Aet, 1932 (Stook) .. .. 15/12/53-56 3 .. 50,000 50,000 New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various .. 40,000 180,000 200,000 20,000 40,000 230,000 200,000 70,000

Particulars of Security. Amount held ™ Amount held as at 1 ur ?^ se ? 01 Sold, renewed, as at Mntnritv Rate of 3l8t M «roh, , Rpripwa, 01 redeemed. 31st March, Nature of Security. Date Interest. 194a ' Renewal. 1944 _ ORDINARY REVENUE ACCOUNT Held in New Zealand % £ £ £ £ Finance Act (No. 2), 1939, sec. 2 (4): Tasman Airways, .. .. 00,000 .. 60,000 Finance Act, 1940, sec. 15 (1) : New Zealand Woolpack .. . . .. 20,000 20,000 Textiles, Ltd., advance on account of shares New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1} 4,601,000 20,012,200 21,943,200 2,670,000 (Stock).. .. .. 15/8/67 2£ 600,000 .. 600,000 „ .. .. .. 15/12/58 3 285,000 .. 285,000 „ .. .. 15/9/57-60 3J 23,420 .. 23,420 5,569,420 20,032,000 22,931,620 2,670,000 'deposits account Held in New Zealand % £ £ £ £ Finance Act (No. 2), 1939, sec. 2 (4) : Tasman Airways, .. .. .. 60,000 .. 60,000 Ltd. (£1 shares) Finance Act, 1940, sec. 15 (1): New Zealand Woolpack .. .. .. 20,000 .. 20,000 Textiles, Ltd., advance on account of shares New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1J 2,450,000 3,106,000 5,556,000 (Stock) .. .. .. 15/9/47 2£ (a) 10 .. 10 „ .. .. .. 15/6/47-49 2| .. 25,000 .. 25,000 „ .. .. 15/8/57 2J .. 1,402,500 .. 1,402,500 „ .. .. 15/12/53-56 3 .. 945,000 .. 945,000 „ .. .. 15/5/48 2i (6)10 .. 10 „ .. .. 15/5/57 2| 88,000 .. 88,000 15/8/57 3 500 500 „ .. .. .. 15/12/58 3 272,340 1,187,660 332,855 1,127,145 „ .. .. 15/2/46 4 (c) 2,000 .. 2,000 „ .. .. .. 31/5/54-58 4 (d) 5,000 .. 5,000 „ .. .. .. 15/8/57 4 66,550 .. 66,550 Investment under Reserve Bank of New Zealand Act, .. .. 1,203,325 .. .. 1,203,325 1933 (without interest) Investment under State Advances Corporation Act, .. .. 890,418 .. .. 890,418 1934-35, and sec. 7, State Advances Corporation Act, 1936 (without interest) Held in London New Zealand Consolidated stock .. .. .. 1/4/45 3 200 .. (c) 200 Samoan Securities Samoan securities .. .. .. .. .. Various 4J .. (e) 20,210 (e) 20,210 4,978,353 6,766,370 6,071,335 5,673,388 (a) Cost price, £10 2s. 6d. (b) Cost, price, £10 Is. 8d. (c) Cost price, £2,039 Os. Id. id) Cost price, £1,800. (e) No actual securities were held in respect of these advances, repayment being secured in terms of section 33 of the Samoa Act, 1021. PUBLIC WORKS ACCOUNT Held in New Zealand % £ £ £ £ New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury Hills) .. .. Various 1J 1,235,000 835,000 2,070,000 (Stock) .. .. 15/12/58 3 700,000 .. 700,000 Samoan Securities Advances to Samoa in terms of Finance Act, 1926, sec. 4 Various 4J (a) 3,845 .. (a) 3,845 1,938,845 835,000 2,773,845 (a) No actual securities are held in respect of these advances, repayment being secured by the terms of section 33 of the Samoa Act, 1921.

B.—lo

Public Securities held by the Treasury—continued

2.—8 10.

9

Particulars of Security. An «»rtM d Purchased or Sold , renewed , 1 —— —— Maturity Rate of 31st March, ln Tnetal. or redeemed. 31st March, Nature of Security. Date interest. 1943 ' BANK OF NEW ZEALAND SHARES ACCOUNT Held in New Zealand % £ £ Preference " A " Shares — _ 500,000 £1 300,000 .. .. 600,000 Preference " B " Shares — , 625,000 £1 .. .. •• •• •• •• f>25,000 .. (a) 6-5,000 750,000 £1 750,000 .. .. 750,000 " C " Shares— 234,375 £1 long-term mortgage shares .. .. •• 2J4,J7Q .. .. ° ' 2,109,375 .. •• (6) 2,100,375 (a) Cost price, £875,000. (t>) Cost price, total investments £1,859,375. LAND FOR SETTLEMENTS ACCOUNT Held in New Zealand New Zealand Government Securities % £ f New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 14 420,000 2,075,000 1,495,000 1,000,000 Samoan Securities Advances to Samoa>in terms of Finance Act, 1926, sec. 4 Various 44 (a) 16,365 .. (a) 16,365 436,365 2,075,000 1,511,365 1,000,000 (a) No actual securities were held in respect of these advances, repayment being secured in terms of section 33 of the Samoa Act, 1921. NATIONAL DEVELOPMENT LOANS ACCOUNT New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various J .. 1,585,000 1,585,000 „ 1,585,000 1,585,000 RESERVE FUND ACCOUNT Held in London % £ £ £ British Conversion Loan .. .. •• •• 1944-64 5 335,670 (b) 83,919 .. 419,589 Imperial War Loan stock .. .. .. •• 1/12/52 34 32,051 (a) 547,771 .. o7J,82Egyptian Government bonds .. .. •• 3 .. Ic'oq? 16,500 .. „ Imperial Funding Load .. .. .. 15/4/59-69 3 .. 16,281 .. 16,-81 Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Stock) 3 1 ,° 27 , 000 54.260 481,260 600,000 -56 1,394,721 793,731 572,760 1,615,692 (a) Of this amount, £8,012 represents exchange added to London securities. (6) This amount represents exchange added to London securities. SOCIAL SECURITY FUND Held in New Zealand New Zealand Government Securities % £ £ * ~ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1£ 1,000,000 2,500,000 1,000,000 2,500,000 1,000,000 2,500,000 1,000,000 2,500,000 WAR DAMAGE FUND Held in New Zealand New Zealand Government Securities % £ £ * * New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various li 2,250,000 1,656,000 3,906,000 .. (Stock) .. .. 15/6/47-49 2£ .. 1,250,000 .. 1,250,000 15/8/57 24 1 .. 2,550,000 .. 2,550,000 2,250,000 5,456,000 3,906,000 3,800,000 I -

B.—lo

Public Securities held by the Treasury—continued

SUMMARY OF PUBLIC SECURITIES HELD BY THE TREASURY

10

Particulars of Security. Amount held p lir nhnap<i nr Amount held •' ■■ as at Sold, renewed, as at Mntnrttv I u-,te nf 31st March, . K™™ , dr redeemed. 31st March, Nature of Security. Date Interest 1943 ' »e™wal. 1944 . WAR EXPENSES ACCOUNT Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1J .. 12,100,000 11,100,000 1,000,000 (Stock) .. .. 15/8/57 2| .. 3,000,000 3,000,000 15,100,000 14,100,000 1,000,000 WORKING RAILWAYS ACCOUNT Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1J 1,400,000 4,950,000 4,350,000 2,000,000 Railway Employees' Sick Benefit Fund (invested with ,, .. 13,250 347 5,000 8,597 Publio Trustee) 1,413,250 4,950,347 4,355,000 2,008,597 PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT Held in London Fixed-deposit Receipts % £ £ £ £ Bank of New Zealand, Ltd., London .. .. .. Various Var. 1,180,000 (a) 10,045,000 11,10Q,000 125,000 1,180,000 10,045,000 11,100,000 125,000 (a) Of this amount, £295,000 represents exchange added to London securities. SECURITIES NOT INCLUDED IN INVESTMENTS ACCOUNT—MISCELLANEOUS Held in New Zealand Local Authorities' Securities % £ £ £ £ Hutt Road Act, 1915 .. .. .. .. 1/4/66 4 60,000 .. .. 60,000 Other Securities State Advances Corporation stock issued in name of the 1/8/60 .. 6,542,450 .. 57,600 6,484,850 Minister of Finance Ditto .. .. .. .. .. .. 1/8/63 .. 5,060,000 .. .. 5,060,000 1/8/66 .. 6,500,000 .. .. 6,500,000 1/8/69 .. 6,500,000 .. .. 6,500,000 1/8/72 .. 5,750,000 .. .. 5,750,000 1/8/78 .. 7,000,000 .. .. 7,000,000 Agriculture Emergency Powers Act, 1934: Miscellaneous ,, ,, 34,551 .. 4,909 29,642 advances Hawke's Bay Earthquake Act, 1931: Miscellaneous ad- „ „ 568,190 18 37,586 530,622 vances General Purposes Relief Account: Advances .. .. ,, ,, 21,702 15,976 3,041 34,637 Miscellaneous Advances .. .. .. .. ,, ,, 8,903 8,500 2,691 14,712 38,045,796 24,494 105,827 37,964 463

Amount held Purchased or rpnpwpd ! Amount held Amount held 83 at 3l8t 19 "- Name of Investment Account. at 31st March, issued in or redeemed ; 1943. Renewal. c * j 1944. , T __ Zealand. ln AmtoUa. £ £ £ £ £ £ £ Ordinary Revenue Account .. .. 5,569,420 20,032,200 22,931,620 2,670,000 2,670,000 Deposits Account .. .. .. 4,978,353 6,766,370 6,071,335 5,673,388 5,673,388 Public Works Account .. .. .. 1,938,845 835,000 2,773,845 Bank of New Zealand Shares Account .. 2,109,375 .. .. 2,109,375 2,109,375 Land for Settlements Account .. .. 436,365 2,075,000 1,511,365 1,000,000 1,000,000 National Development Loans Account .. .. 1,585,000 1,585,000 Reserve Fund Account .. .. .. 1,394,721 793,731 572,760 1,615,692 600,000 1,015,692 Social Security Fund .. .. .. 1,000,000 2,500,000 1,000,000 2,500,000 2,500,000 War Damage Fund .. .. .. 2,250,000 5,456,000 3,906,000 3,800,000 3,800,000 War Expenses Account .. 15,100,000 14,100,000 1,000,000 1,000,000 Working Railways Account .. .. 1,413,250 4,950,347 4,355,000 2,008,597 2,008,597 Public Account Cash Balance Investment 1,180,000 10,045,000 11,100,000 125,000 .. 125,000 Account 22,270,329 70,138,648 69,906,925 22,502,052 21,361,360 1,140,692 Miscellaneous securities not included in Invest- 38,045,796 24,494 105,827 37,964,463 37,964,463 ment Accounts : ———— 60,316,125 70,163,142 70,012,752 60,466,515 59,325,823 1,140,692

B.—lo

OTHER SECURITIES

SUMMARY OF SECURITIES HELD BY THE UNDERMENTIONED OFFICES AS ON 31st MARCH, 1944

Approximate Cost of Paper.—Preparation, not given ; printing (456 copies), £35.

Authority: E. V. Paul, Government Printer, Wellington.—l 944.

Price 6d.]

11

o ... Amount held at Securities. 31st March, 1944. Agriculture Department £ Promissory notes .. .. .. .. .. .. • • 766 State Forest Service Promissory notes .. .. .. .. .. .. •• 70,961 Native Department *Advances made under Part I and under section 340 and 521 of the Native 2,321,13) Land Act, 1931, and Advances made under section 48 of the Native Land Amendment Act, 1936, and Advances under the Native Housing Acts, 1935 and 1938 Marketing Department (Export Division) Treasury Bill .. .. .. .. .. .. .. 1,000,000 Social Security Department Debentures, &c. .. .. .. .. .. .. .. 139,047 Public Works Department Main Highways Board agreements for advances.. .. .. .. 28,993 Main Highways Board agreements for sale of plant .. .. .. 3,500 Miscellaneous agreements .. .. .. .. .. ... 8,339 Taieri River Trust (secured by statute) .. .. .. .. 79,800 Railways Department Mortgages under Government Railways Amendment Act, 1927 (section 15), 38 and Government Railways Amendment Act, 1928 (section 8) Department of Industries and Commerce, Tourist and Publicity Mortgages .. .. .. .. .. .. .. .. 1,610 0 Niue Island Administration Debentures and fixed deposit receipt .. .. .. .. .. 1,000 Lands and Survey Department Mortgages, &c. .. .. .. .. .. .. .. 621,212 4,276,397 * Most of the Advances under Part I of the Native Land Act, 1931, are secured by statutory charge (vide Section 18 of the Native Land Amendment Act, 1936J.

i>Amount held Amount held Held in I as at 31st as at 31st j -U® 16 ' interest. March, 1943. March, 1944. £ £ Post Office .. .. .. .. .. .. .. Dominion Various Various 96,996,265 125,061,676 „ .. .. .. .. .. .. .. London .. ,, „ 2,992,341 2,534,315 State Fire Insurance Office .. .. .. .. .. Dominion „ ,, 1,359,194 1,381,315 Government Accident Insurance Office .. .. .. .. „ „ „ 623,748 729,897 Treasury .. .. .. .... .. .. „ „ „ 58,768,204 59,325,823 „ .. .. .. .. .. .. .. London .. „ „ 1,547,921 1,140,692 Mines Office .. .. .. .. .. .. .. Dominion „ „ 171,924 197,554 Government Insurance Office .. .. .. .. .. ,, ,, ,, 10,848,176 11,460,058 ,, .. .. .. .. .. London .. ,, ,, 625,900 625,900 Public Trust Office .. .. .. .. .. .. Dominion „ „ 38,757,078 39,155,724 „ .. .. .. .. .. .. London .. „ „ 45,000 25,000 Public Trust Office (Westport Harbour Sinking Fund) .. .. Dominion „ ,, 137,956 9,668 Native Trustee .. .. .. .. .. .. „ „ „ 639,688 692,318 State Advances Corporation (Housing Branch) .. .. .. ,, ,, ,, 597,339 572,944 Lands and Survey Department .. .. .. .. .. ,, ,, ,, 609,361 Niue Island Administration .. .. .. .. .. „ „ „ 1,000 National Broadcasting Service .. .. .. .. .. ,, ,, ,, 1,470,000 Miscellaneous .. .. .. .. .. .. „ ,, ,, 4,233,283 4,276,397 218,954,378 248,659,281