PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1945 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1945, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Appendix to the Journals of the House of Representatives, 1945 Session I, B-10

B.—lo

1945 NEW ZEALAND

PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1945 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1945, 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

PAGE Government Insurance Office .. .. .. .. .. .. .. .. .. .. 5 Government Accident Insurance Office .. .. .. .. .. .. .. .. .. 4 Marketing Department (Export Division) .. .. .. .. .. .. .. .. 9 Mines Department .. .. .. .. .. .. .. .. .. .. .. 9 National Broadcasting Service .. .. .. .. .. .. .. • • • • 6 Native Trustee .. .. .. .. .. .. .. .. .. ~ .. 8 Other Securities (Departments of Agriculture, Forestry, Industries and Commerce, Tourist and Publicity, Social Security, Native, Public Works, Railways, and Lands and Survey .. .. 12 Post Office .. .. .. .. .. .. .. .. .. .. .. 2 Public Trust Office .. .. .. .. .. .. .. .. .. .. .. 10 State Advances Corporation (Housing Branch) .. .. .. .. .. .. . . .. 9 State Fire Insurance Office .. .. .. .. .. .. .. .. .. .. 4 Summary, &c .. .. .. .. .. .. .. .. ..12 Treasury .. .. .. .. .. .. .. .. .. .. .. .. 6 Westport Harbour ~ ~ ~ ~ ~ ~ ~ ~ ~ .. ..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. A t neld p Am0 unt heid — 11 t M i, issued Sold ' renewed, as at Nature of Security. Maturity Rate of Jist Marcn, j n Renewal or redeemed. 31st March, Date. Interest. ±«44. 1945. Held in New Zealand °/ £ £ +• State Advances Corporation of New Zealand (Stock) .. 1/9/55 3f 211510 211510 vf/60 si lifioiooo :: :; i^ooo \\ 660 ' 000 •• •• 660.000 V?Jll it 75O ' 00 ° •• •• 750,000 1/8/76. 3| 0,500,000 .. 6,500,000 New Zealand Government Securities New Zealand Loans Act, 1932 (Stock) .. .. 15/9/47 24 500,000 .. 500 000 •■ 15/6/40 2| 5,000,000 .. 5,000^000 •• WM21 2i ■■ 5,000,000 .. 5,000,000 •• 15/1/57 2J 1,874,710 .. 1,874,710 •• •• 15/5/57 2J 1,417,000 .. 1,417 000 •• 15/8/57 2J 27,784,933 10,250,000 38 034 933 •• •• 15/2/58 2J 3,606,835 .. 3,006,835 •' ,l 5 ,(Wn 2i ■■ 4,350,000 .. 4,350,000 .... 15/10/57 2J 16,438,000 .. 16,438,000 ■• •• 15/6/58 2£ 1,417,000 .. 1 417 000 •■ ■• 15/9/58 21- 2,678,400 .. 2,678,400 ■• 15/12/58 2| 2,842,000 .. 2,842 000 •• •• 15/3/59 2J 2,537,015 .. 2,537,015 IS/7/89 2J 2,980,67!) .. 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 .. 5,811,831 •• •■ 15/8/57 3 809,845 250,000 .. 1059 845 •• •• IS/Vf 3 .. 19,175,000 .. 19,175,000 ■■ 15/12/58 3 16,225,643 1,240,000 .. 17 465 643 •• •• 15/10/59 3 1,703,036 .. 1,703,036 •■ •• 15/11/59 3 4,245,535 .. 4,245 535 •■ ■• 15/5/57 34 1,395,086 .. 1,395.086 •• •• 15/6/58 31 1,521,250 .. 1,521,250 ■• •■ 15/6/55 4 620,000 75,000 .. 695 000 ■• 1/8/54 3 200,000 .. 200,000 96,185,051 56,778,000 41,363,120 111,599,931 Local Authorities'Securities e Local Authorities' securities Various Var. 467,902 . 25,899 442,003 T ° tal = —• •• 467,902 .. 25,899 442,003

Par '"' U ' a " 0f SeC ( >"^» d ~rch, IB**- Purchased. Sold On 31st Mareh, 1M . Nature or Security. Maturity n,t. of N ,„ , ""' ~ <% "fffl*' ] M l<g£!* " y Date. Interest. N " m '™l. j Cost. WW«. (ft)Cost. Nol „ in . lL 0oBt _ Canadian Stock 1/10/47 % 12 * M7 £ J m £ £ Commonwealth of Australia Stock V. 1MM0 I ?'§« ?'§SS ?'2S2 SStX^or dSt0 : k - 1 Jg« J , ! *>"*"» 2 ' 24^883 of South Africa Stock .. \\ iSSLH 3 2 So 1 ! 5 " 2 o' 0 Victorian Stock .. .. i/i /29 -40 3 12.380 10,709 " Ko " " Total, Securities held in London .. " .. ~~^sT^T2,473,283 7. ~7Jw,7m 2,244,883 * N.Z. currency, £2,825,010 8s. lOd.

Particulars of Security. Am01mt heU ' ..JV*-, ttd d ° r Sold, renewed. Tat Nature of Security. Maturity Kate of ■sjstiuaren, in Renewal or redeemed. 31st March, Date, interest. IJ44 - ' 1945. _ _ _ New Zealand Loans Aot, L 1932 S (St6ok) .. .. 15/6/65 J° f >Mfl £ £ * m New Issue New Zealand Loans Act, 1932 (Stock) .. .. 18/6/56 4 5>710 _ _ 5m Stx-year Currency New Zealand Loans Act, 1932 (Stock) .. .. 1/4/46 g 80>m _ 8Q ()()() !! " " JJMMSS i 150 ' 900 •■ 7S > 000 75,900 •• •• 10/9/S7 3 .. 80,000 .. 80,000 •• •• •• 242,050 .80,000 155,000 167,650

B.—lo

Public Securities held by the Post Office— continued

3

Particulars of Security. Amount held D „,„i, ao „,, „„ Amount held , , as at l isS 8ol <J, renewed, as at Mntnritv Tints nf a]st March, . ,,„,.„', or redeemed. 31st March, Nature of Security. Date Interest 1M4 ' Renewal. lg45 _ SECURITIES HELD IN RESPECT OF NATIONAL SAVINGS BONDS 0/ £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. 15/12/58 3 3,240,000 .. .. 3,240,000 .... 15/8/57 3 4,700,000 1,000,000 .. 0,360,000 .... 15/11/58 .. .. 1,250,000 .. 1,250,000 Total .. .. .. .. .. .. .. 8,000,000 2,850,000 .. 10,850,000 SECURITIES HELD IN RESPECT OF NATIONAL SAVINGS INVESTMENTS O/ £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. 15/12/58 3° 2,781,000 .. .. 2,781,000 .... 15/8/57 3 8,700,000 2,950,000 .. 11,650,000 .... 15/11/58 3 .. 3,150,000 .. 3,150,000 Total .. .. .. .. .. .. .. 11,481,000 0,100,000 .. •17,681,000 * Includes £76,000 school savings funds SECURITIES HELD IN RESPECT OF DEPRECIATION AND OTHER RESERVE FUNDS I .% £ £ £ £ State Advances Corporation of New Zealand (Stock) .. 1/8/63 3$ 780,000 .. .. 780,000 New Zealand Loans Act, 1932 (Stock) .. .. 15/9/47 24 1,000,000 .. 1,000,000 .... 15/2/50 24 .. 2,000,000 .. 2,000,000 .... 15/4/51 24 .. 250,000 .. 250,000 .... 15/6/49 2A 2,250,000 .. 2,250,000 .... 15/7/57 24 .. 1,000,000 .. 1,000,000 .... 15/8/57 2J 500,000 .. 500,000 .... 1/4/40 3 50,000 .. 50,000 .... 1/1/56 3 111,700 .. 111,700 .... 15/5/57 3 152,172 .. 152,172 .... 15/8/57 3 300,000 111,700 140,000 271,700 .... 15/12/58 3 1,500,000 .. .. 1,500,000 .... 15/1/53-57 34 .. 927,290 .. 927,290 „ „ .. .. 15/1/53-57 3| .. 1,355,710 .. 1,355,710 .... 15/1/53-57 34 .. 500,000 .. 500,000 .... 15/3/59 3 205,491 .. 205,491 .... 15/7/59 3| 380,000 .. 380,000 .... 1/1/56 4 100,000 .. 100,000 .... 15/8/57 4 1,355,710 .. 1,355,710 Total .. .. .. .. .. .. .. 8,685,073 6,144,700 6,245,073 8,584,700 SUMMARY OF SECURITIES HELD BY POST OFFICE % £ £ £ £ Securities held in New Zealand in respect of Savings-bank Various Var. 96,185,051 56,778,000 41,363,120 111,599,931 investments Local Authorities'securities .. .. .. .. „ „ 467,902 .. 25,899 442,003 Securities held in London .. .. .. .. „ „ 2,534,315 .. 273,820 *2,260,495 99,187,268 56,778,000 41,662,839 114,302,429 Securities held in respect of Post Office Investment „ „ 242,650 80,000 155,000 167,650 Certificates Securities held in respect of National Savings Bonds .. „ „ 8,000,000 2,850,000 .. 10,850,000 Securities held in respect of National Savings Investments ,, ,, 11,481,000 6,100,000 .. 17,581,000 Securities held in respect of depreciation and other Reserve ,, ,, 8,085,073 6,144,700 6,245,073 8,584,700 Funds ■ Total .. .. .. .. .. .. .. 127,595,991 71,952,700 48,062,912 151,485,779 * N.Z. currency £2,825,811) 8s. lOd.

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PUBLIC SECURITIES HELD BY THE STATE FIRE INSURANCE OFFICE

PUBLIC SECURITIES HELD BY THE GOVERNMENT ACCIDENT INSURANCE OFFICE

4

Particulars of Security. Amount held Puroha8ed 0 , Amount held a \ at ,. issued Sold, renewed, as at Nature of Security. Maturity Hate of Bl»t Mtob, in Itenewal. ° r redeemed. Slatj March, Date. Interest. lv **- 1945. 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/J10 15/4/63 4 (10,610 68,605 66,610 68,605 15/4/49 4 87,970 .. .. 87 970 15/6/55 4 15,400 .. .. is'400 15/1/57 Si 143,000 .. .. 143!000 1/10/53 2J 50,000 .. .. 50,000 V8/54 3 50,000 .. .. 50,000 15/9/55 3 25,000 .. .. 25,000 15/12/56. 3 50,000 .. .. 50 000 15/2/58 3 .. 25,000 .. 25 000 D ... " , t , '' (-treasury Bills) .. 10/3/46 1J 60,000 140,000 100,000 100,000 Rural Advances Act, 1926 15/9/47 5* 15,000 .. .. 15,000 Local Authorities' Securities Local Authorities'securities .. .. .. .. Various Var. 213,368 9,000 9,821 212,547 Other Securities Debentures under Masterton Trust Lands Trust Empower- 31/3/46 3i 260 l'<n ifln ing Act, 1923 w Masterton Trust Lands Trust Debentures under section 70, 26/1/57 3 J 2 600 9fin 0 Ann Local Legislation Act, 1936 " <! ' 4UU State Advances Corporation of New Zealand (Stock) .. 1/9/60 3f 5,000 .. 5 000 Fixed Deposits (Bank of New Zealand) .. .. 31/7/44 1} 5 000 5 000 .... 30/10/44 If KL000 !! 10!000 !! ■• •• H/ll/44 If 5,000 .. 5 000 •• •• 1/3/45 1} 30,000 .. 30,000 •• •• 31/7/45 If .. 5,000 .. 5,000 ■ • •• 30/10/45 If .. 10,000 .. 10,000 •• •• H/ll/45 If .. 5,000 .. 5,000 •• 1/3/46 If .. 30,000 .. 30,000 , ". .. 1,164,838 292,605 226,761 1,230,077 Land and house property .. .. .. .. .. .. 216,482 307 25,075 191J14 1,381,315 292,912 251,836 1,422,391 * Subject to 20 per cent, interest-tax under Finance Act, 1832-83,

Particulars of Security. Amount held Puruna8e( , 0 . Amount held : .„ »«* SsS 1 Sold, renewed, as at Nature of Security. | Maturity Kate of »«*»«<«. i„ Renewal, or redeemed. 31st March, I Date. Interest. iw«*. 1945, Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/9/60 3J 69,030 .. 69 030 1/8/54 3 69,000 ., \\ 69'o00 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 2J 50,000 .. .. 50,000 15/9/55 3 25,000 .. .. 25 000 •• 15/12/56 3 50,000 .. .. 50 000 15/2/58 3 .. 25,000 .. 25,'000 •• •• •■ 15/4/63 3 .. 28,200 .. 28,200 (Treasury Bills) .. 10/3/46 1J 140,000 160,000 150,000 150,000 Local Authorities' Securities Local Authorities'Securities .. .. .. .. Various Var. 163,217 .. 20,897 142 320 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 3f 5*000 729,897 213,200 198,277 ~744,82(T * Subject to 2U per cent, interest-tax under Finance Act, 1932-33.

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PUBLIC SECURITIES HELD BY THE NEW ZEALAND GOVERNMENT INSURANCE DEPARTMENT

PUBLIC SECURITIES HELD BY NATIONAL BROADCASTING SERVICE

5

Particulars of Security. Amount held „,.,,.,.,,„.,., nr Amount held — as at SssS Sold, renewed, as at Nature of Security. Maturity Bate of "**«*. in BmawiL or deemed. 31st March, J Date. Interest. *»**. iy<ij. Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 15/9/57-60 3] 591,785 .. 591785 15/2/46 4 188,750 .. 188,750 15/4/49 4 188,510 240 .. 188,750 15/6/55 4 49,740 .. 240 49,500 15/5/52 4 512,390 .. .. 512,390 15/1/57 3J 182,060 .. .. 182,060 31/5/58 4 90,000 .. .. 90,000 1/10/53 2J 92,180 .. .. 92,180 1/8/46 2* 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 3 300.000 .. 300,000 •• 15/12/53-56 3 400,000 .. 300,000 100,000 15/1/59 3J 50,000 .. .. 50,000 15/2/55-58 3 .. 1,100,000 .. 1,100,000 ,, „ (Conversion Loan, 1944) 15/4/60-63 3 .. 194,410 .. 194,410 Rural Advances Bonds Rural Advances Act, 1926 .. .. ., .. 15/9/47 5* 90,000 .. .. 90 000 15/9/47 5* 86,000 .. \\ 86|000 Local Authorities' 1 Securities Local Authorities'Securities . . .. .. .. Various Var. 2,756,235 374,000 106,304 3,023,931 Miscellaneous Securities Landed and house property (freehold) .. .. Various Var. 499,545 137 7,083 492,599 Landed and house property (leasehold) .. .. ,, ,, 172 172 Properties acquired on default of mortgagors .. .. ,, „ 26,258 .. 3,008 23 250 Mortgages .. .. .. .. .. „ „ 4,796,433 195,059 340'732 4,051 ,'360 Securities held in London New Zealand Consolidated Stock .. .. .. 1/4/45 3 f625,900 .. .. {625,900 12,085,958 1,864,446 1,646,289 12,304,115 * Subject to reduction under Local Authorities Interest .Reduction and Loans Conversion Act, 1032-33. t Equals £782,375 in New Zealand currency.

Amount tleid Purchased nr Amount held Mature of Security. MzUiniy Bate o .,<»»' fid Sold, renewed, as at J Date. Interest. Slat March, .• SSSL, or redeemed. Slut March, 1944. "' l^'«-w '«- 194B % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1J 1,400,000 1,570,000 1,400,000 1,870,000 1,400,000 1,370,000 1,400,000 1,570,000 COMMERCIAL DIVISION New Zealand Loans Act, 1932 (Stock) .. .. 15/12/53-56 3 50,000 .. .. 50 000 •• •• 16/2/58 3 .. 50,000 ., 50^000 New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various .. 20.000 20,000 20,000 20 000 70,000 70,000 20,000 120,000

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PUBLIC SECURITIES HELD BY THE TREASURY

6

I Particulars of Security. Amount held 1Jl , 1 .„i..„, 1 „ r Amount hold as at l S lprl Sold, renewed, as at Mutnrhv Uatn nf 31st March, , Tio„owoi or redeemed. 31st March, Nature of Security. Date Interest 1M4 - Renewal. 1945 ORDINARY REVENUE ACCOUNT Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) . . .. Various 1| 2,670,000 16,835,000 17,375,000 2,130,000 (Stock).. .. .. 15/2/49-50 2j .. 2,000,000 2,000,000 „ .. .. . . 15/4/49-51 2| .. 250,000 250,000 Held in London Fixed-deposit Receipts Midland Bank, Ltd. .. .. .. .. 13/6/45 ] .. 700,000 .. 700,000 2,670,000 19,785,000 19,625,000 2,830,000 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 ]| .. 4,000,000 2,000,000 2,000,000 (Stock).. .. .. 15/6/47-49 2£ 25,000 .. 25,000 „ .. .. .. 15/2/49-50 2J .. 50,000 .. 50,000 „ .. .. .. 15/8/57 2f 1,402,500 970,000 2,006,500 366,000 „ .. .. .. 15/12/53-56 3 945,000 .. 945,000 „ .. .. .. 15/12/58 3 1,127,145 987,500 1,649,170 465,475 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 Fixed-deposit Receipts Bank of New Zealand, Ltd., London .. .. .. Various 1 .. 406,250 .. 406,250 Midland Bank, Ltd. .. .. .. .. 13/6/45 1 .. 1,300,000 .. 1,300,000 5,673,388 7,713,750 6,625,670 6,761,468 PUBLIC WORKS ACCOUNT Held in London % £ £' £ £ Midland Bank, Ltd. .. .. .. .. 13/6/45 I .. 750,000 .. 750,000 BANK OF NEW ZEALAND SHARES ACCOUNT Held in New Zealand % £ £ £ £ Preference " A " Shares— 500,000£1 .. .. .. .. .. .. .. 500,000 .. .. 500,000 Preference " B " Shares — 625,000 £1 .. .. .. .. .. .. .. 625,000 .. .. (a) 625,000 750,000 £1 .. .. .. .. .. .. .. 750,000 .. .. 750,000 " 0 " Shares — 234,375 £1 long-term mortgage shares .. .. .. .. 234,375 .. .. 234,375 2,109,375 .. .. (6)2,109,375 (a) Cost price, £375,000. (h) Cost price, total investments £1,859,375. LAND FOR SETTLEMENTS ACCOUNT Held in New Zealand % £ £ £ £ New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1J 1,000,000 200,000 1,000,000 200,000 Held in London Fixed-deposits Receipts Midland Bank, Ltd. .. .. .. .. 16/5/45 1 .. 400,000 .. 400,000 1,000,000 600,000 1,000,000 600,000 LOANS REDEMPTION ACCOUNT Held in London Fixed-deposit Receipts % £ £ £ £ Midland Bank, Ltd. .. .. .. .. 11/4/45 1 .. 2,500,000 .. 2,500,000 2,500,000 .. 2,500,000

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Public Securities held by the Treasury— continued

7

Particulars of Security. Amount held p,..„,.„ a „,, „_ Amount held as at * ta£3i Sold . renewed, as at Maturity Itate of ;ilst March, , „„,„", or redeemed. 31st March, Nature of Security. Date Interest. 1944 - Benewah 1945 . RESERVE FUND ACCOUNT Held in London % £ £ £ £ British Conversion Loan .. .. .. .. 1944-64 5 419,589 .. 419,f>89 Imperial War Loan stock .. .. .. .. 1/12/52 3| 579,822 .. .. 579,822 Imperial Funding Loan .. .. .. .. 15/4/59-69 3 16,281 1,658,611 .. 1,674,892 Canadian Stock .. .. ,. .. .. 1/10/47 2h .. 15,833 15 8:!.'! 1/7/58-63 3i .. 6.250 6,250 .'. Commonwealth of Australia Stock .. .. .. 15/3/46-49 3| .. 2,216 2,216 .. 1/7/55-70 4 .. 15,000 15,000 .'. Union of South Africa Stock .. .. .. .. 1/5/54-64 3 .. 287,500 287,500 Victorian Stock .. .. .. .. .. 1/1/29-49 3 .. 15,475 15,475 Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Stock) .. .. 15/12/58 3 600,000 620,000 1,220,000 1,015,092 2,620,885 1,981,863 2,254,714 (a) Cost price, £285,225. SOCIAL SECURITY FUND Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1| 2,500,000 2,000,000 4,500,000 Held in London Fixed-deposit .Receipts Midland Bank, Ltd. .. .. .. .. 16/5/45 1 .. 2,000,000 .. 2,000,000 2,500,000 4,000,000 4,500,000 2,000,000 EARTHQUAKE AND WAR, DAMAGE FUND Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. 15/6/47-49 2£ 1,250,000 .. 1,250 000 ., •• •• 15/8/57 2£ 2,550,000 1,720,000 ..' 4,270,000 3,800,000 1,720,000 1,250,000 4,270,000 WAR EXPENSES ACCOUNT Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1£ 1,000,000 32,791,000 25,791,000 8 000 000 (Stock) •• ■• 15/4/49-51 2J .. 5,000,000 5,000,000 ..' Held in London Fixed-deposit Receipts Midland Bank, Ltd. .. .. .. .. Various Var. .. 6,000,000 .. 6,000,000 1,000,000 43,791,000 30,791,000 14,000,000 WORKING RAILWAYS ACCOUNT Held in New Zealand New Zealand Government Securities • % £ £ £ £ New Zealand Loans Act, 1932 (Treasury Bills) .. .. Various 1J 2,000,000 1,500,000 2,000,000 1500 000 Railway Employees' Sick Benefit Fund (invested with „ .. 8,597 133 7000 I 730 Public Trustee) Held in London Fixed-deposit Receipts Midland Bank, Ltd. .. .. .. .. 16/5/45 1 .. 475,000 .. 475 000 2,008,597 1,975,133 2,007,000 1,970,730 PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT Held in London Fixed-deposit Receipts % £ £ £ c Bank of New Zealand, Ltd., London .. .. .. Various 1 125,000 29,018,750 29 143 750 1 •• 53!fi00'000 53'e06i000 125,000 82,518,750 82,643,750

B.—lo

Public Securities held by the Treasury— continued

SUMMARY OF PUBLIC SECURITIES HELD BY THE TREASURY

PUBLIC SECURITIES HELD BY THE NATIVE TRUSTEE

8

Particulars of Security. Amount held Pl ,.„ h „„„j nT Amount held as at i,,„«l Sold, renewed, as at w-ihiritv Uota nf 31 st March, ,„ „„,™., or redeemed. 31st March, Nature of Security. Date Interest! 1944 - Renewal. 1945 SECURITIES NOT INCLUDED IN INVESTMENTS ACCOUNT—MISCELLANEOUS Held in New Zealand Local Authorities' Securities % £ £ £ £ Hutt Road Act, 1915 .. .. .. .. 1/4/60 4 00,000 .. .. 00,000 Other Securities State Advances Corporation stock issued in name of the 1/8/60 .. 6,484,850 .. .. 0,484,850 Minister of Finance Ditto .. .. .. .. .. .. 1/8/63 .. 5,000,000 .. .. 5,060,000 .... .. .. 1/8/60 .. 0,500,000 .. .. 0,500,000 1/8/09 .. 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, 19,14: Miscellaneous „ „ 29,642 .. 1,511 28,131 advances Hawke's Bay Earthquake Act, 1931: Miscellaneous „ „ 530,622 .. 33,896 496,720 advances General Purposes Relief Account: Advances .. .. „ „ 34,637 10,370 2,397 42,610 Miscellaneous Advances .. .. .. .. „ „ 14,712 50,000 2,336 62,376 37,964,463 60,370 40,140 37,984,093

Amount hold as at 31st March, Amount held Purchased or „„,, .„„„„,, Amount held 1945. Name of Investment Account. at 31st March, issued in nom, rcnewco a t slat March 1044 Renewal. orn.deemed. 1U - | Ze'aE 1°K>""°"- £ £ £ £ £ £ Ordinary Revenue Aocotmt .. .. 2,670,000 10,785,000 19,025,000 2,830,000 2,130,000 700 000 Deposits Account .. .. .. 5,073,388 7,713,750 0,625,670 6,761,468 5,055,218 1,706,250 Public Works Account .. .. .. .. 750,000 .. 750,000 .. 750,000 Bank of New Zealand Shares Account .. 2,109,375 .. .. 2,1.09,375 2,109,375 Land for Settlements Account .. .. 1,000,000 600,000 1,000,000 600,000 20o|o00 400,000 Loans Redemption Account .. .. .. 2,500,000 .. 2,500,000 ..' 2,500 000 Reserve Fund Account . .• .. .. 1,615,692 2,620,885 1,981,863 2,254,714 2'254'714 Social Security Fund .. ... .. 2,500,000 4,000,000 4,500,000 2,000,000 2',000 000 Earthquake and War Damage Fund .. 3,800,000 1,720,000 1,250,000 4,270,000 4,270,000 War Expenses Account .. .. .. 1,000,000 43,791,000 30,791,000 14,000,000 8,000|000 6 000 000 Working Railways Account .. .. 2,008,597 1,975,133 2,007,000 .1,976,730 1501730 '475000 Public Account Cash Balance Investment 125,000 82,518,750 82,643,750 Account ■ ■ . 22,502,052167,974,518150,424,283 40,052,287 23,266,323 16,785,964 Miscellaneous securities not included in Invest- 37,964,463 60,370 40,140 37,984,693 37,984,693 ment Accounts 60,466,515168,034,888150,464,423 78,036,980 61,251,010 10,785,964

Particulars of Securily. Amount held PurohaBed 0I Amount held ...... as at issued ' rollewl!<1 - » 8 at tt * <■ a u Maturity Rale of March, . .'."', or redeemed. 31st March, Nature ol Security. Date. Interest li)44 - Renewal. 194;i Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (Stock) .. .. .. 3 0,830 5,000 11,830 New Zealand Loans Act, 1932 (Treasury Bills) .. .. .. 1| 100,000 235,000 165,000 170^000 Local Authorities' Securities Local Authorities'securities .. .. .. .. Various 4£ 5,100 .. ,. 5 100 Miscellaneous Securities Advances to farm stations .. .. .. .. Various .. 141,901 .. 11 903 129 938 Mortgages.. .. .. .. .. .. „ Var. 386,550 2,305 ]e!o50 372' 211 Mortgages (special investments) .. .. .. 20/7/42 4| 350 .. . . 350 Properties acquired .. .. .. .. .. Various Var. 16,581 .. 369 16,212 Fixed deposit with bank .. .. .. .. .. .. 35,000 .. 35,000 692,318 242,305 228,982 705,641

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

PUBLIC SECURITIES HELD BY THE MARKETING DEPARTMENT (EXPORT DIVISION)

PUBLIC SECURITIES HELD BY MINES DEPARTMENT

2—B. 10

9

Particulars of Security. Amount held ,,,,,.„,,., .,„, .„ Amount held ■ as at swd Sold, renewed, as at MntiiHtr linte nf ■ ilst ' March, . ,','„„,.„,, or redeemed. 31st March, Nature of Security. Bate Interest. 1M4 - Renewal. m5 % £ £ £ £ Looal Authorities'debentures .. .. .. Various 3 410,403 51,500 12,852 449,051 Rural Housing Act, 1939 (Debentures) .. .. „ 3 155,315 3,950 13,818 145,447 Mortgages and debentures (dairy companies) .. .. .. 3 7.220 .. 533 0,693 572,944 55,450' 27,203 601,191

Particulars of Security. Amount held T)l „. ,, ,„„,, „_ Amount hold . as at Taiued 'Sold, renewed, as at Kature of Security. | ™g* \*££_ ""lEf"*' **«"**■ ,1 * 1 ffif* <y £ £ £ £ New ZealandlLoans Act, 1932 (Treasury Bills) .. .. 10/3/45 if 1,000,000 .. 1,000,000 .... 10/3/4(5 1| .. 1.1)00,000 .. 1,000,000 .... 10/3/45 l| .. 1,500,000 1,500,000 .... 10/3/46 1J .. 1,500.000 .. 1,500,000 .... 10/3/45 1$ .. 1,000,000 1,000,000 .... 10/3/46 I. 1 , .. 1,000,000 .. 1,000,000 (Stook) .. .. 15/2/50 2| .. 5,500,000 .. 5,500,000 1,000,000 11,500,000 3,500,000 9,000,000

Particulars of Security. Amount held „ Amount held as at i«ued Sold, renewed, as at Watnritv Ttnip of '■' ' sl March, , i'i'„„„„„i or redeemed. 31st March, Nature of Security. Date Interest m4 - ™ MWl1, 1945. i'tote Coal-mines Account % £ £ £ £ Mortgages: Housing loans to State Coal-miners .. Various i\ 56,055 i), 150 2,449 62,756 Mortgages and miscellaneous securities .. .. ,, 5 7,813 2,904 2,048. 8,669 Mining Advances Account Mortgages with mining companies .. .. .. .. 5 14,910 .. .. 14,910 Mines Department Miscellaneous securities .. .. .. .. Various Var. 118,776 43,291 50,952 111,115 197,554 55,345 55,449 197,450

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PUBLIC SECURITIES HELD BY THE PUBLIC TRUST OFFICE

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

10

Particulars of Security. Amount held p nr „ ho »„,, nr Amount held . . as at "'£? or Sold, renewed, as at Atnhirilv Unte of 3lBt March, . „"" , or redeemed. 31st March, Nature of Security. Date. Interest. 1M4 ' Benewal. m5 _ Held in New Zealand % £ £ £ £ Mortgages.. .. .. .. .. .. Various Var. 13,985,388 491,277 1,127,709 13,348,956 Local Authorities'securities .. .. .. .. Various Var. 7,621,537 77,717 264,062 7,435,192 New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury Bills) .. .. 10/3/45 1£ 275,000 .. 275,000 ■• 10/3/45 li .. 175,000 175,000 .... 10/3/45 1| .. 150,000 150,000 .... 10/3/45 l| .. 100,000 100,000 .... 10/3/45 li .. 100,000 100,000 .. .. 10/3/46 11 .. 100,000 .. 100,000 •• •■ 10/3/40 1J .. , 100,000 .. 100,000 National Savings Bonds .-. .. .. .. 9/12/45 .. 200 .. .. 200 27/3/49 .. .. 100 .. 100 New Zealand Loans Act, 1932 (Stock) . . .. .. 1/8/46 2£ 40,900 29,270 .. 70,170 15/9/47 2J 620 23,760 .. 24,380 15/6/49 2j 7,150 86,460 250 93,360 1/10/53 2i 31,225 104,770 .. 135,995 15/7/45 3 400 .. .. 400 .. 15/12/56 3 334,565 5,220 300,420 39,365 1/8/54 3 34,630 3,400 .. 38,030 15/8/57 3 1,378,000 553,000 .. 1,931,000 .. 3J 1,339,475 16,985 .. 1,356,460 15/3/45 4 8,550 .. 8,550 15/1/57 3J 4,010,365 597,090 584,100 4,023,355 .. 15/12/58 3 420,000 20,000 434,240 5,760 15/1/59 3J 662,880 25,300 .. 688,180 1/4/46 4 2,069 1,625 .. 3,694 15/2/46 4 1,266,730 .. 1,266,730 15/4/49 4 1,333,420 15,600 .. 1,349,020 15/6/55 4 775,160 24,930 100,000 700,090 15/9/47 4 2,312,450 750 729,850 1,583,350 15/5/52 4 307,335 18,005 .. 325,340 .. 30/11/48 4 210,125 12,300 .. 222,425 15/8/57 4 700,000 .. 700,000 31/5/58 4 363,050 15,540 .. 378,590 15/5/48 2J 550 14,270 .. 14,820 15/9/48 3 2,410 2,070 .. 4,480 15/9/55 3 516,730 13,600 465,000 65,330 15/5/50 3 407,700 1,240 400,000 8,940 22/5/60 3i 1,000 .. .. 1,000 15/2/50 2£ .. 11,515 .. 11,515 15/4/51 2* .. 1,940 .. 1,940 .. 15/2/58 3 .. 2,167,135 .. 2,167,135 15/4/63 .. .. 3,256,035 .. 3,256,035 State Advances Corporation of New Zealand (Stock) .. 1/9/60 3f 130,000 2,000 .. 132 000 1/6/44 3J 2,000 .. 2,000 Property acquired by foreclosure .. .. .. .. .. 269,659 13,033 22,903 259,789 Advances to protect security .. .. .. .. .. 47,883 7,825 8,337 47 371 Leasehold and freehold property and balance purchase- .. .. 356,568 3,066 13,929 345,705 money on premises sold Held in London Midland Bank, Ltd... .. .. .. .. At call \ 25,000 .. 25,000 i .. 10,000 .. *io,ooo 39,180,724 8,351,828 7,253,080 40,279,472 * = £12,500 in New Zealand currency.

Particulars of Security. Amount held «,„,,,,.,.,„,, or Amount held as at iiJurf Sold ' renewed, as at Maturity Rate of 31st Marcll > t,i ftmnwnl or redeemed. Slat March, Nature of Security. Date Interest 1944 ' renewal. lg45 > Local Authorities'' Securities % £ £ £ £ Local Authorities'securities .. .. .. .. Various Var. 9,668 .. 9,668 9,6i>8 .. 9,668

B.—lo

Public Securities held by the Public Tbust Office— continued (Included in foregoing return) Statement of Public Securities held by the Public Trustee in the Dominion op New Zealand as at 31st March, 1945 Mortgages Common Fund of the Public Trust Office— £ £ Flat mortgages .. .. .. .. .. .. .. .. .. .. 6,915,904 Instalment mortgages.. .. .. .. .. .. .. .. .. .. 3,365,161 Public Service Superannuation Fund .. .. .. .. .. .. .. .. 1,037,567 Teachers' Superannuation Fund .. .. .. .. .. .. .. .. .. 556,823 Railways Superannuation Fund .. .. .. .. .. .. .. .. .. 523,629 National Provident Fund .. .. .. .. .. .. .. .. .. .. 855,551 Land Settlement Finance Act Associations .. .. .. .. .. .. .. .. 94,321 13,348,956 Local Authorities' Securities Common Fund of the Public Trust Office .. .. .. .. .. .. .. ..6,085,934 Special investments outside the Common Fund— £ Agencies .. . . . . .. .. .. .. .. .. .. 51,280 Estate — Permanent .. .. .. .. .. .. .. .. .. 3,970 55,250 Public Service Superannuation Fund .. .. .. .. .. .. .. •• 589,427 Teachers' Superannuation Fund .. .. .. .. .. .. .. .. .. 123,034 Railways Superannuation Fund .. .. .. -. .. .. .. •• •• 182,910 National Provident Fund . . .. .. .. .. .. .. .. .. .. 398,636 7,435,191 Government Securities Common Fund of the Public Trust Office .. .. .. .. .. •• •• ■• 7,285,064 Public Service Superannuation Fund .. .. .. .. .. .. .. •• 1,472,285 Teachers' Superannuation Fund .. .. .. .. .. .. •• ■• •• 274,400 Railways Superannuation Fund .. .. .. .. ■• •• •• •• •• 356,195 National Provident Fund .. .. .. .. •• •• •• •• •• ..6,462,665 Public Debt Redemption Fund .. .. .. •• •• •• ■• •• ..2,849,850 18,700,459 State Advances Corporation of New Zealand Stock Common Fund of the Public Trust Office .. .. .. .. .. .. •• •• 2,000 Public Service Superannuation Fund .. .. .. .. .. •• •■ •• 50,000 Teachers' Superannuation Fund .. .. .. .. .. ■• •• •• •• 5,000 Railways Superannuation Fund .. .. .. .. .. .. •• •• •• 25,000 National Provident Fund .. .. .. .. .. .. •• •• •• •• 50,000 132,000 Properties acquired by Foreclosure Common Fund of the Public Trust Office .. .. .. .. .. •■ ■• •• 234,501 Public Service Superannuation Fund .. .. ..« •• •• •• •• •• 19,300 Railways Superannuation Fund .. .. .. ■• •• •• •• •• •• 3,600 National Provident Fund .. .. .. •• •• •• •• •• •• •• 2,388 259,789 Advances to protect Securities Common Fund of the Public Trust Office .. .. .. • • • ■ ■ • • • • • 45,824 'Teachers' Superannuation Fund .. .. .. • • • • • • • • • • • • s°o Railways Superannuation Fund .. .. .. •■ •• •• •• •• •• 1,047 J 47,371 Property Titles to freehold and leasehold property and balance purchase-money of premises sold .. .. .. .. 345,705 Total held in New Zealand .. .. .. .. .. .. •• •• •• 40,269,471 Securities held outside New Zealand Fixed-deposit Receipts £ Midland Bank, London .. .. .. •• •• •• •• •• •• •• •• *^!° 0<) * Equals £12,500 in New Zealand currency.

11

B.—lo

OTHER SECURITIES

SUMMARY OF SECURITIES HELD BY THE UNDERMENTIONED OFFICES AS ON 31st MARCH, 1945

Approximate Cost of Paper. —Preparation, not given ; printing (460 copies), £:!7-10-0

By Authority: E. V. Paul, Government Printer, Wellington.—l94s. Price 6d.\

12

Securities Amount held at securities. 31st March, 1945 Agriculture Department £ Promissory notes .. .. .. .. .. .. .. 766 State Forest Service Promissory notes .. .. .. .. .. .. .. 93,834 Native Department ♦Advances made under Part I and under section 340 of the Native 2,374,383 Land Act, 1981, and Advances made under section 48 of the Native Land Amendment Act, 1936, and Advances under the Native Housing Acts, 1935 and 1938 Social Security Department Debentures, &c. .. .. .. .. .. .. .. J37,784 Public Works Department Main Highways Board agreements for advances .. .. .. .. 19,51)4 Main Highways Board agreements for sale of plant .. .. . . 12,33(1 Miscellaneous agreements .. .. .. .. .. .. 6,131 Taieri River Trust (secured by statute) . . .. .. .. . . 79,800 Soil Conservation and Rivers Control Council agreements for advances . . 5,500 Railways Departm but Mortgages under Government Railways Amendment Act, 1927 (section 15), 32 and Government Railways Amendment Act, 1928 (section 8) Department of Industries and Commerce, Tourist and Publicity Mortgages .. .. .. ,.. .. .. .. .. 1,401 Lands and Survey Department Mortgages, &c. .. .. .. .. .. .. .. 583,914 3,315,495 * 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, 1936).

Matnrltv Unto of Amount held Amount held Held in I Interest as at 31st as at 31st .Date. interest. MMBhi li)44 , March) 1945 _ £ £ Post Office .. .. .. .. .. .. .. Dominion Various Various 125,061,076 149,225,284 .... .. .. .. .. London .. „ „ 2,534,315 2,260,495 State Fire Insurance Office .. .. .. .. .. Dominion „ „ 1,381,315 1,422,391 Government Accident Insurance Office .. .. .. .. „ „ „ 729,897 744,820 Treasury .. .. .. .. .. .. .. „ „ „ 59,325,823 61,251,016 .. London .. „ „ 1,140,692 16,785,964 Mines Office .. .. .. .. .. .. .. Dominion „ „ 197,554 197,450 Government Insurance Office .. .. .. .. .. „ „ „ 11,460,058 11,678,215 .. London .. „ „ 625,900 625,900 Public Trust Office .. .. .. .. .. .. Dominion „ „ 39,155,724 40,269,472 .. London .. „ „ 25,000 10,000 Publio Trust Office (Westport Harbour Sinking Fund) .. .. Dominion „ „ 9,668 Native Trustee .. .. .. .. .. .. „ „ „ 692,318 705,641 State Advanoes Corporation (Housing Branch) .. .. .. „ „ „ 572,914 601,191 Marketing Department (Export Division) .. .. .. „ „ „ .. *9,000,000 National Broadcasting Service .. .. .. .. .. „ „ „ 1,470,000 1,690,000 Miscellaneous .. .. .. .. .. .. „ „ „ 4,276,397 3,315,495 248,659,281 299,783,334 * Previously shown in " Miscellaneous."