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B—l [Ft. I]

1946 NEW ZEALAND

THE PUBLIC ACCOUNTS FOR THE Financial Year 1945-1946 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926

' PRESENTED TO PARLIAMENT IN ACCORDANCE WITH THE PUBLIC REVENUES ACT, 1926, AND THE NEW ZEALAND CONSTITUTION ACT, 1852

This publication is one of a series of three statements dealing with the Public Accounts, as under : B-l [Pt. I]. —The Public Accounts with Supplementary Statements, including Statement of the Public Debt and Transactions in connection therewith previously incorporated in B-l [Pt. lII]. B-l [Pt. ll]. —Report of Controller and Auditor-General. B-l [Pt. IV]. —Balance-sheets and Statements of Account of various Government Departments.

CONTENTS

THE PUBLIC ACCOUNTS Receipts and Expenditure,— Consolidated Fund — page Ordinary Revenue Account .. .. .. .. .. .. 4,6 Deposits Account .. .. .. .. .. .. .. 26 Other Accounts — Bank op New Zealand Shares Account .. .. .. .. 30 Earthquake and War Damage Fund .. .. .. .. .. 30 Electric Supply Account .. .. .. .. .. .. 32 Land eor Settlements Account .. .. .. .. .. 32 Loans Redemption Account .. .. .. .. .. .. 34 Main Highways Account .. .. .. .. .. .. 42 National Development Loans Account .. .. .. .. 42 Public Debt Repayment Account .. .. .. .. .. 42 Public Works Account .. .. .. .. .. .. 44 Remittances to London Account .... .. .. .. 44 Remittances prom London Account .. .. .. .. .. 46 Reserve Fund Account .. .. .. .. .. .. 46 Social Security Fund .. .. .. .. .. .. .. 46 State Coal-mines Account .. .. .. .. .. .. 48 State Forests Account .. .. .. .. .. .. 48 War Expenses Account .. .. .. .. .. .. 50 Working Railways Account .. .. .. .. .. .. 52 Summary op Cash and Imprest Balances .. .. .. .. 54 Summary op Investments .. .. .. .. .. .. 55 ISSUES COMPARED WITH THE SUMS VOTED UNDER APPROPRIATION ACT, 1945 58 DEPOSITS ACCOUNT:— Receipts and Disbursements under the Trustee Act, 1908 .. .. .. 56 UNAUTHORIZED EXPENDITURE ACCOUNT:— Consolidated Fund, — Ordinary Revenue Account .. .. .. .. .. .. 66 Broadcasting Account .. .. .. .. .. .. .. 70 Internal Marketing Account .. .. .. .. .. .. .. 70 Main Highways Account .. .. .. .. .. .. .. 69 Native Trustee's Account .. .. .. .. .. .. .. 70 Post Oppice Account .. .. .. .. .. .. .. .. 70 Public Works Account .. .. .. .. .. .. .. 69 Social Security Fund ..» .. .. .. .. .. .. .. 69 State Coal-mines Account .. .. .. .. .. .. .. 69 Statement op Surplus Credits-in-aid applied in Terms op Section 51 (3) op the Public Revenues Act, 1926 .. .. .. .. .. .. 70 Summary .. .. .. .. .. .. .. .. .. 71 THE PUBLIC DEBT:— The Public Debt op New Zealand Outstanding on 31st March, 1946 .. .. 72 Statement of Advances by the Reserve Bank to the Government by way op Overdraft Outstanding on 31st March, 1946 .. .. .. .. 72 Statement of Transactions in connection with the Public Debt in the Year ended 31st March, 1946 .. .. .. .. .. .. •.. .. 78 Statement of Loans guaranteed by the Government .. .. .. .. 79

B—l [Ft. I]

SUMMARY OF THE RECEIPTS AND EXPENDITURE OF THE ORDINARY REVENUE RECEIPTS Taxation— £ s. d. £ s. d. Customs .. 8,800,016 8 9 Beer duty .. .. 2,308,599 15 1 Sales tax 4,505,442 12 3 Film-hire tax 134,472 7 10 Highways 2,324,068 7 2 Stamp duty 2,802,089 6 5 Land-tax .. 937,395 0 3 Income-tax .. 26,465,911 18 4 Miscellaneous 92,722 10 11 48,370,718 7 0 Interest recoveries from trading activities, &c. 5,857,264 1 11 Other receipts .. 4,277,833 4 9 X. £58,505,815 13 8 £ s. d. Balance Ist April, 1945 .. 3,255,788 16 11 Surplus 1945-46 1,254,151 0 7 £4,509,939 17 6

B—l [Pt. I]

CONSOLIDATED FUND FOR THE YEAR ENDED 31st MARCH, 1946 ACCOUNT EXPENDITURE Permanent appropriations— £ s. d. £ s. d. £ s. d. Civil List .. .. 95,441 5 5 Debt services— Interest and management .. .. 18,832,193 17 3 Repayments 3,964,183 19 2 22,796,377 16 5 Other special Acts .. 2,608,071 18 0 25,499,890 19 10 Annual appropriations— Social services .. .. 21,301,900 10 3 Other votes .. .. 10,449,873 3 0 31,751,773 13 3 57,251,664 13 1 Surplus .. .. 1,254,151 0 7 £58,505,815 13 8 £ s. d. Balance 31st March, 1946 .. .. .. 4,509,939 17 6 £4,509,939 17 6

B—l [Ft. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946.

* Rebates in respect of motor-spirits used otherwise than as fuel for motor-vehicles in terms of section 6 of the Customs Amendment Act, 1939, amounted to £228,124 lis. f £499,483 18s. lid. of this amount consists of fees, fines, &c., which are not taxation.

RECEIPTS £ s. d. £ s. d. £ s. d„ Balances at beginning of year— Cash 2,318 7 3 Investments 2,830,000 0 0 Imprests outstanding 423,470 9 8 3 78S Ifi IT O 9 iJfJO ? t OO 1U lit. TAXATION Customs 8,800,016 8 9 Beer duty 2,308,599 15 1 Sales tax 4,505,442 12 3 Film-hire tax 134,472 7 10 Highways 2,324,068 7 2*f Stamp dutiesAdhesive stamps 169,133 19 7 Duty on instruments 508,278 11 2 Fines and penalties 2,242 14 4 Impressed stamps 252,303 2 4 Licenses to companies 93,183 12 2 Sharebrokers' licenses 1,472 0 0 Duties payable by racing clubs 1,555,247 6 2 Amusements-tax 178,450 9 4 Lottery duty 28,023 19 6 Overseas passenger duty 10,231 8 7 Miscellaneous 1,878 4 3 Receipts under section 4, Mortgagees' Indemnity (Workers' Charges) Act, 1927 .. 1,643 19 0 1 9 8ft2 08Q ft y 0\J4J j VOi1 Vj *J Land-tax 937,395 0 3 Income-tax 26,465,911 18 4 Miscellaneous 92,722 10 11 Total Taxation 48,370,718 7 0' INTEREST On Capital Liability— Working Railways (interest at £4 per cent, on the total amount of capital moneys deemed to be expended in respect of the railways, as provided by Order in Council under the Government Railways Act, 1926) — Year 1944-45 (balance) 99,473 3 3 Year 1945-46 : £2,889,194 17s. 2d. Less reduction made in terms of Finance Act, 1930 (No. 2), section 14 : £1,829,192 2s. 1,060,002 15 2 1,159,475 18 5 Less amount outstanding 100,002 15 2 1 OW 473 3 3 Carried forward 1,059,473 3 3 51,626,507 3 11

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT

* See also £2,528 3s. sd. under " Other Special Acts, Miscellaneous," Appropriation Act, 1926, section 15.

EXPENDITURE PERMANENT APPROPRIATIONS Under Special Acts of the Legislature £ s. d. £ s. d. £ s. d. CIVIL LIST {Presented in terms of Section 65 of the New Zealand Constitution Act, 1852, Imperial) Civil List Act, 1920 Part I His Excellency the Governor-General:— Sir C. L. N. Newall, G.C.B., O.M., G.C.M.G., C.B.E., — Salary, 1st April, 1945, to 31st March, 1946 .. Allowance, 1st April, 1945, to 31st March, 1946 .. 5,000 2,500 0 0 0 0* 7,500 0 0 Pabt II Establishment of the General Government : — Prime Minister, &c., — Right Hon. P. Fraser — Salary, 1st April, 1945, to 31st March, 1946 1,800 0 0 Minister of Finance, &c., — Hon. W. Nash— Salary, 1st April, 1945, to 31st March, i946 House allowance, 1st April, 1945, to 31st March, 1946 1,170 200 0 0 0 0 Minister of Industries and Commerce, &c., — Hon. D. G. Sullivan— Salary, 1st April, 1945, to 31st March, 1946.. House allowance, 1st April, 1945, to 31st March, 1946 1,170 200 0 0 0 0 Minister of Education, &c., — Hon. H. G. R. Mason — Salary, 1st April, 1945, to 31st March, 1946.. 1,170 0 0 Minister of Railways, &c., — Hon. R. Semple— Salary, 1st April, 1945, to 31st March, 1946 House allowance, 1st April, 1945, to 31st March, 1946 1,170 200 0 0 0 0 Carried forward 7,080 0 0 7,500 «» 0 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d. £ s. d. £ s. dBrought forward 1,059,473 3 3 51,626,507 3 11 INTEREST—continued On Capital Liability—continued Postal and Telegraph (interest as determined under section 95 of the Post and Telegraph Act, 1928, at £4 per cent, on the amount of the capital liability as at 1st April, 1945, together with interest at the rate of £2 per cent, on the net amount transferred from the National Development Loans Account during the financial year,— Year 1945-46 (on account) 712,973 0 0 Under section 6 of the National Development Loans Act, 1941, as follows, — Electric Supply Account —- Year 1945-46 883,746 6 7 Housing Account— Year 1945-46 362,009 4 7 Housing construction— Year 1945—46 50,178 2 8 Land for Settlements Account— Year 1942-43 (balance) 184,777 17 9 ! Year 1943-44 (on account) 215,222 2 3 State Coal-mines Account— Year 1945-46 (on account) 31,845 0 4 1 797 778 14- 2 i.) iwJ ) HO IT On the Public Debt Redemption Fund, — Repayment of the Public Debt Act, 1925, section 12 (a) — Interest earned by the capital moneys of the Public Debt Redemption Fund held by— Public Trustee 245,873 2 3 State Advances Office 109,687 10 0 355,560 12 3 : On other Public Money,— State Advances Corporation Stock 1,149,013 13 8 State's contribution to General Reserve Fund of State Advances Corporation (section 35 (2), State Advances Corporation Act, 1934) .. 106,329 14 1 Investments made in respect of the— Ordinary Revenue Account 15,399 9 1 Deposits Account 32,306 13 9 Bank of New Zealand Shares Account: Dividends received in terms of 9 section 8 (3), Finance Act, 1926 .. 99,804 13 8 Public Works Account 780 16 5 Loans Redemption Account 753 8 6 War Expenses Account 174,595 17 9 Public Accoxmt Cash Balance Investment Account 172,171 9 6 Carried forward *. 1,751,155 16 5 3,855,785 9 8 51,626,507 3 11

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE Brought forward £ s. 7,080 0 d. 0 £ s. 7,500 0 d. 0 £ s. d. PERMANENT APPROPRIATIONS —ctd. CIVIL LIST—continued Civil List Act, 1920 —continued Part II —continued Establishment of the General Government—continued Minister of Internal Affairs, &c., — Hon. W. E. Parry— Salary, 1st April, 1945, to 31st March, 1946 House allowance, 1st April, 1945, to 31st March, 1946 1,170 0 200 0 0 0 Minister of Labour, &c., — Hon. P. C. WebbSalary, 1st April, 1945, to 31st March, 1946 House allowance, 1st April, 1945, to 31st March, 1946 1,170 0 200 0 0 0 Minister of Defence, &c., — Hon. F. Jones — Salary, 1st April, 1945, to 31st March, 1946 1,170 0 0 Minister of Lands, &c., — Hon. C. F. Skinner— Salary, 1st April, 1945, to 31st March, 1946 House allowance, £83 6s. 8d. (less adjustment, £312 Is. 5d.) 1,170 0 Cr. 228 14 0 9 Minister of Health, &c., — Hon. A. H. Nordmeyer— Salary, 1st April, 1945, to 31st March, 1946 1,170 0 0 Minister of Transport, &c., — Hon. J. O'Brien — Salary, 1st April, 1945, to 31st March, 1946 1,170 0 0 Minister of Agriculture, &c., — Hon. B. Roberts — Salary, 1st April, 1945, to 31st March, 1946 House allowance, 1st April, 1945, to 31st March, 1946 1,170 0 200 0 0 0 Carried forward 15,641 5 3 7,500 0 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1,751,155 16 5 3,855,785 9 8 51,626,507 3 11 INTEREST—continued On other Public Money—continued Amount due from the Public Works Account in terms of section 38 (3), Native Land Amendment Act, 1936, on account of Native Land Development (on account) 67,142 10 9 Capital moneys received from sale of Crown lands and paid into Land for Settlements Account (Section 13, Land Laws Amendment Act, 1926).. 69,770 8 0 Loan of £400,000 to the Rural Intermediate Credit Board, year ended 30th June, 1945 12,000 0 0 Loans to local bodies under Local Bodies' Loans Act, 1908 28,700 13 5 Loan to Taieri River Trust in terms of section 3, Taieri River Improvement Amendment Act, 1939 2,550 0 0 ■ . r Loans under section 26, Agriculture (Emergency Powers) Act, 1934 1,171 0 4 Loan to Invercargill Licensing Trust .. 2,000 0 0 Capital value Rehabilitation Department Assets 130 8 6 £464,832 5s. lid. net profits of the Cheviot Estate Account in terms of section 19 (4) of the Finance Act, 1930 (No. 2) 18,593 5 10 Value of Crown lands declared to be subject to the Land for Settlements Act, 1925, and former Land for Settler ments Acts—Land Laws Amendment ... Act, 1929, section 47 8,477 12 0 On miscellaneous advances— Native Land Settlement Account— Survey liens 1,012 18 1 From vote, " Agriculture," to various agricultural associations 1 13 0 Cook Islands Fruit Account 874 14 4 Eastbourne Borough Council for drainage-works 178 15 7 Egmont National Park Board 10 6 Gabriel's Gully Blue Spur Gold-mining Co., Ltd. 48 0 0 Mossbank Coal-mining Co., Ltd. 4 11 11 Sylvia Mines Consolidated, Ltd. 40 5 0 Mines Department for housing loans 25 1 0 For the erection of hostels— . New Plymouth High School 1,000 0 0 Timaru High School 213 18 0 Catchment Boards 112 6 10 Hospital Boards 928 15 7 Land Settlement Associations 5,691 18 3 Carried forward 1,971,825 3 4 3,855,785 9 8 51,626,507 3 11

B—l [Ft. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 15,641 5 3 7,500 0 0 PERMANENT APPROPRIATIONS—ctd. CIVIL LIST—continued ■ Civil List Act, 1920 —continued Part II —continued Establishment of the General Government—continued Member of the Executive Council representing the Native Race, — Hon. E. T. Tirikatene— Salary, 1st April, 1945, to 31st March, 1946 990 0 0 House allowance, 1st April, 1945, to 31st March, 1946 200 0 0 War Cabinet (Members additional to Prime Minister, Minister of Finance, and Minister of Defence), — Hon. A. Hamilton— House allowance, 1st April, 1945, to 22nd August, 1945 78 9 11 Members of the War Administration, — Minister of War Expenditure— Hon. W. PerryHouse allowance, 1st April, 1945, to 22nd August, 1945 78 9 11 Minister of Industrial Man-power— Hon. A. McLagan— House allowance, 1st April, 1945, to 31st March, 1946 200 0 0 . Civil List Act, 1920, and Civil List Amendment Act, 1936, Section 6 (1) Parliamentary Under-Secretaries — T. H. McCombs— Salary, 23rd April, 1945, to 31st March, 1946 .. 734 8 11 House allowance, 23rd April, 1945, to 31st March, 1946 187 15 7 E. P. Meachen — Salary, 1st August, 1945, to 31st • March, 1946 533 6 8 House allowance, 1st August, 1945, to 31st March; 1946 133 6 8 A. G. Osborne— Salary, 1st April, 1945, to 31st March, 1946 .. 800 0 0 House allowance, 1st April, 1945, to 31st March, 1946 200 0 0 J. Thorn — Salary, 1st April, 1945, to 31st March, 1946 .. 800 0 0 House allowance, 1st April, 1945, to 31st March, 1946 200 0 0 OA 777 9 11 Carried forward ilV; lit XX 28,277 2 11 i

B—l [FT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1,971,825 3 4 3,855,785 9 8 51,626,507 3 11 INTEREST—continued On other Public Money—continued On miscellaneous advances—continued Lower Clutha River Trust.. 73 3 1 Maori Land Boards, under section 340, Native Land Act, 1931 .. 17 13 9 Point Elizabeth Coal Co., Ltd. 7 15 0 Rotorua Golf Club 67 6 2 Native Housing Act, 1935 71 9 2 Native Land Amendment Act, 1936, section^48 202 6 8 Small-farm Plan 23,327 2 1 j Village-homestead Settlement Scheme 115 10 9 Miscellaneous interest on— Balance of Post-office Savings-bank accounts used by Child Welfare Branch, Education Department .. 3 0 10 Debentures under the Hutt Road Act, 1915 2,400 0 0 Deposits by High Commissioner 43 14 4 Mortgages due to Reparation Estates 1 2 10 Debentures, shares, and mortgages . held as security for payment of tax 8 0 0 I Purchase-moneys in connection with sales of land and buildings— ! Department of Lands and Survey.. 93 6 5 • Public Works Department .. 1 101 18 10 i Crown's proportion of Greymouth Harbour Board special coal rate : Credited as interest on sums of £114,439 Is. and £27,000 in terms of section 12 of the Greymouth Harbour Board Act, 1884 3,119 19 0 2,001,478 12 3 Total, Interest 5,857,264 1 11 OTHER RECEIPTS i Profits of trading undertakings— | Native Trust Office — One-third of profits credited in terms of section 49, Native Trustee Act, 1930: 1943-44 3,120 12 7 Post and Telegraph Department— Post Office Savings-bank profits received from the Post Office Account in terms of section 95 (1) (c), Post and Telegraph Act, 1928 : for year 1942-43 169,677 4 9 Profits other than Post Office Savingsbank profits received from the Post Office Account in terms of section 95 (1) (d), Post and Telegraph Act, 1928 : for year 1942-43 396,489 0 7 Carried forward 569,286 17 11 57,483,771 5 10

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 28,277 2 11 PERMANENT APPROPRIATIONS —ctd. CIVIL LIST—continued Civil List Act, 1920 —continued Part III Section 16— Salaries, Speakers of both Houses and Chairmen of Committees 3,050 0 0 Allowance to Chairman of Committee of House of Representatives under Finance Act, 1944 (No. 3), section 25 (2) 150 0 0 Section 17— Salaries, Members of the Legislative Council 11,638 2 1 Salaries, Members of the House of Representatives 30,243 5 7 Allowance to Members of House of Representatives under Finance Act, 1944 (No. 3), section 21 (2) 15,121 12 10 60,203 0 6 Part IV Section 22— Salaries, Officers of Legislative Council and House of Representatives 2,296 9 10 Part V Native : — Transfer to vote, " Health," being Civil List contribution towards, — Maori medical services 3,000 0 0 Medical services : Native nurses 600 0 0 Contribution to legal expenses, indigent Natives o CO CO Contribution towards cost of artificial limbs 54 16 10 Fa,res for Natives .. 35 13 6 Flags for Natives 43 2 5 Food, clothing, &c., supplied to Natives 37 6 0 Funeral and tangi expenses of Natives 70 7 6 Grant for Maori welfare activities 100 0 0 Maori meeting expenses 150 11 3 Native hostels 534 10 2 Sundry health and medical expenses .. 35 1 6 4,664 12 2 Tot AT, T,T^T QK 4.4.1 K K J-'JXn 1 jf VIVlJj UI~1 • • • • tJJjTTi O tJ Carried forward - •• 95,441 5 5

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward .. 569,286 17 11 57,483,771 5 10 OTHER RECEIPTS—continued Profits of trading undertakings—continued Reserve Bank of New Zealand — Profits credited in terms of section 36 (c), Reserve Bank of New Zealand Act, 1933 : for year 1944-45 549,686 6 4 State Advances Corporation—Profits credited in terms of section 41 (1), State Advances Corporation Act, 1936 : for year 1944-45 5,059 0 7 1 124 032 4- 1ft JL y T 1V Departmental receipts— Agriculture Department— Meat Act, 1939 63,260 11 6 Stabilization subsidies 241,908 0 0 General 10,134 3 9 Air Department 3,121 11 11 Army Department 1,967 14 2 Audit Department 34,027 12 9 Customs Department— Customs Act, 1913 12,662 5 10 General 5,112 19 7 Education Department 5,694 15 0 Electoral Department 23 0 0 External Affairs Department 25 13 9 Government Printing and Stationery Department 468,394 19 3 Health DepartmentNurses and Midwives Registration Act, 1925 2,451 18 11 General 5,256 0 8 Housing Department— Rents, royalties, &c., from lands .. 11,887 6 3 Industries and Commerce Department 349 15 11 Internal Affairs Department— Animals Protection and Game Act, 1921-22, Part III 11,790 7 2 General 30,928 15 2 Island Territories Department— New Zealand Reparation Estates .. 106,038 16 9 Export of bananas from Samoa 74,715 14 0 " Maui Pomare " 31,627 6 9 General 1,021 4 9 Justice Department— Births, deaths, and marriages 34,004 18 6 Court fees, fines, and bankruptcy commission 182,615 18 6 Patents, Designs, and Trade-marks Act, 1921-22 .. 18,006 8 1 General 3,234 5 4 Labour Department—Factories Act, 1921-22 4,942 15 6 Weights and Measures Act, 1925 7,482 18 4 General 429 2 10 Carried forward 1,373,117 0 11 1,124,032 4 10 57,483,771 5 10

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward .... 95,441 5 5 PERMANENT APPROPRIATIONS—ctd. DEBT SERVICES Interest— London 6,883,903 3 0 London (paid in New Zealand) 161,608 3 11 ■ Australia 46,960 0 0 New Zealand 11,491,962 8 6 LO yOO e x 9 e ±oo lO O Amortization of debt— Repayment of the Public Debt Act, 1925, section 11 3,914,183 19 2 Transfer to Loans Redemption Account— Public Revenues Act, 1926, section 135 (4) 50,000 0 0 Administration and management — New Zealand Loans Act, 1932, section 62 (3)— Stamp duty on transfers of New Zealand Consolidated Stock 703 2 2 New Zealand Loans Act, 1932, section 61: Charges and expenses of raising loans — New issues 59,012 13 8 Issues in renewal and conversion 113,778 11 6 New Zealand Loans Act, 1932, section 24 (1)Amount paid Bank of England for year ended 31st October, 1945, for management of New Zealand Government loans: consolidated stock 36,670 10 10 Amount paid to the Reserve Bank of New Zealand for year ended 31st March, 1946, for management of New Zealand Government loans .. 37,595 3 8 247,760 1 10 Total, Debt Services.. •• 22,796,377 16 5 OTHER SPECIAL ACTS Highways Transfers to Main Highways Account 2,174,628 10 4 Payments to boroughs, &c. 144,501 13 8 2 Q1Q IQfl A. () Carried forward •• 2,319,130 4 0 22,891,819 1 10

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1,373,117 0 11 1,124,032 4 10 57,4S3,771 5 10 OTHER RECEIPTS—continued Departmental receipts—continued Land and Income Tax Department — Unclaimed moneys under Unclaimed Moneys Act, 1908, section 6, and Finance Act, 1932, section 30 19,988 3 11 General 79 0 4 Lands and Survey Department— Rents, royalties, &c., from lands — Crown lands 350,125 17 1 Hauraki Plains lands 5,476 8 9 Small Farms Scheme 6,048 0 2 Swamp-drainage lands 394 7 10 Hauraki Plains Act, 1926 — Rates 3,321 0 2 Miscellaneous receipts 900 13 8 Rangitaiki Land Drainage Act, 1910 — Rates 14,912 8 4 Miscellaneous receipts 6,714 10 0 Scenery preservation receipts 763 1 9 Swamp Drainage Act, 1915 — Rates 8,198 8 11 Miscellaneous receipts 229 2 10 General 2,395 13 5 Legislative Department 37 11 0 Marine Department— Inspection of Machinery Act, 1928 .. 24,443 2 7 Rents of foreshores, royalties, &e. .. 2,533 1 5 Sales of oysters 9,588 11 3 Shipping and Seamen Act, 1908 68,961 13 3 Westport Harbour 38,730 11 8 General 6,408 2 10 Mental Hospitals Department 926 13 8 Mines Department— Hire of drills, &c. 185 3 1 General 15,232 15 0 National Provident and Friendly Societies Department 3 10 0 Native Department— Fees collected in stamps under provisions of the Native Land Act, ' 1931 5,892 3 5 General 196 15 0 Police Department— Arms Act, 1920 3,307 0 0 General 1,739 12 4 Public Works Department— Farm workers' accommodation 10,040 9 6 Receipts from Public Works, Departmental 400,042 12 0 \ Receipts from Ministry of Works .. 269 4 7 Receipts from water-supply irrigation schemes 25,676 6 7 Carried forward 2,406,878 17 3 1,124,032 4 10 57,483,771 5 10

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 2,319,130 4 0 22,891,819 1 10 PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS—continued Advances to othek. Governments Finance Act, 1930 (No. 2), section 7— Balances outstanding at 31st March, 1946. £ s. d. 1,582 9 3 Canada.. Cr. 3,629 3 11 11 14 8 Ceylon .. Commonwealth of 27,170 4 2 Australia Cr. 15,389 15 11 Federated MalayStates Cr. 4 5 6 Cr. 4,708 6 0 Fiji Cr. 35,865 5 7 Imperial Govern290,318 17 7 ment.. Cr. 1,783 19 3 942 9 7 India 163 16 4 4 14 6 Jamaica 4 14 6 168 15 1 Kenya ' 168 15 1 309 6 7 Uganda Union of South 2,276 10 6 Africa 901 0 5 2 7 6 Tanganyika 2 7 6 Cr. 334 8 6 Tonga .. 159 17 4 22,147 9 4 Western Pacific .. Cr. 45,808 8 11 £339,892 4 3 Total, Advances Cr. 101,080 7 11 Miscellaneous Appropriation Act, 1926, section 15— Travelling-expenses of His Excellency the Governor-General and staff in excess of amount provided under the Civil List Act, 1920 2,528 3 5 Bank of New Zealand Act, 1945, Section 9— Additional dividend payable to ordinary and " D " long-term mortgage shareholders 29,332 9 7 Finance Act, 1930, section 53 (4), and Finance Act, 1931, (No. 2), section 25 (2) (b) — Land assurance claims admitted and paid 3 3 0 Finance Act (No. 3), 1934, section 8— / Interest on income-tax paid in advance 45,583 2 6 Finance Act (No. 2), 1935, section 17— Refunds to racing clubs of proportion of totalizator duty 47,096 8 3 Finance Act, 1940, section 11 (1) — Salaries, Members of War Cabinet 2,088 7 10 Carried forward 126,631 14 7 2,218,049 16 1 22,891,819 1 10

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946— continued

RECEIPTS £ s. d. £ a. d. £ s. d. Brought forward 2,406,878 17 3 1,124,032 4 10 57,483,771 5 10 OTHER RECEIPTS—continued Departmental receipts—continued Public Works Department—continued Rents of buildings 80,119 11 1 Rents, royalties, &c., from lands 2,611 17 4 Water-power license revenue 2,441 0 2 General 6,811 1 7 Rehabilitation Department 111 5 0 ■ >■ Scientific and Industrial Research Department 1,495 8 11 Stamp Duties Department— Land Registry and Deeds Register Office fees ... 70,526 19 5 State Forest Service — Forests Act, 1921-22, section 39 (2).. 14,235 3 8 Tourist and Publicity Department— Tourist and Health Resorts Control Act, 1908 179,489 7 0 General 2,088 '5 11 Transport Department— Transport Licensing Act, 1931 44,884 15 10 General 233 1 0 Treasury Department— Exchange, commission, discount, &c. 219,506 1 8 Unclaimed moneys 9,728 13 4 General 59,285 11 1 Valuation Department— 53,353 19 8 Valuation of Land Act, 1925 3 153 800 19 11 Total, Other Receipts 4,277,833 4 9 Total Revenue 58,505,815 13 8 Carried forward 61,761,604 10 7

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 126,631 14 7 2,218,049 16 1 22,891,819 1 10 PERMANENT APPROPRIATIONS —eld. OTHER SPECIAL ACTS—continued Miscellaneous—continued Finance Act (No. 2), 1942, section 3— Government Railways Superannuation Fund 105,000 0 0 Teachers' Superannuation Fund 95,000 0 0 Finance Act (No. 2), 1943, section 24— Superannuation allowance, retired Judge of Compensation Court 333 6 8 Finance Act (No. 2), 1943, section 7— Refund of disbursements made on behalf of diplomatic institutions 33 4 3 Finance Act (No. 2), 1944, section 12 (1) — Salaries, Public Service Commissioner •and Assistants 3,619 15 5 Industrial Conciliation and Arbitration Act, 1925, section 64— Salary, Judge of the Arbitration Court.. 1,994 10 6 Industrial Conciliation and Arbitration Amendment Act (No. 2), 1937, section 2, and Industrial Conciliation and Arbitration Amendment Act (No. 3), 1937, section 2— Salary, Judge of the Arbitration Court.. 1,994 10 6 Judicature Act, 1908 sections 12-14— Superannuation allowances, retired Judges of the Supreme Court 2,000 0 0 Judicature Amendment Act, 1920, section 3— Salaries, Judges of the Supreme Court .. 21,193 4 9 Land Act, 1924, sections 139 and 358 — Amount paid by Receivers of Land Revenue into Local Bodies' Deposit Accounts for payment to local authorities in respect of rents, royalties, &c. (" thirds," " fourths," and " halves ") 2,671 7 4 Land Settlement Finance Act, 1909, section 13 (1) — Interest and principal in arrear made good under Government guarantee • Less Repayment by Associations under subsection (5) Cr. 196 14 7 Native Purposes Act, 1931 — Section 51— Annual payment to Arawa District Trust Board for the benefit of the Arawa Tribe 6,000 0 0 Section 54— Annual payment to Tuwharetoa Trust Board for benefit of Tuwharetoa Tribe in connection with Lake Taupo claims .. .. 3,000 0 0 Carried forward 369,274 19 5 2,218,049 16 1 22,891,819 1 10

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 61,761,604 10 7 i f \ Carried forward 61,761,604 10 7

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT —continued

EXPENDITURE Brought forward PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS—continued Miscellaneous —continued Ngaitahu Claim Settlement Act, 1944, section 2— Annual payment in respect of settlement of claim for £300,000 Public Revenues Act, 1926, section 151— Free issue of official postage-stamps to members of the House of Representatives and to members of the Legislative Council Public Revenues Act, 1926, section 6— Salary, Controller and Auditor-General Taranaki Maori Claims Settlement Act, 1944, section 2— Compensation in respect of Parihaka Pa : paid to Taranaki Maori Trust Board.. Waihou and Ohinemuri Rivers Improvement Act, 1910, section 17 (4) (d), and Appropriation Act, 1916, section 27— Contributions towards interest and cost of administration and maintenance of Waihou and Ohinemuri Rivers Improvement Works : on account of year 1944-45 Total, Miscellaneous £ s. d. 369,274 19 5 10,000 0 0 2,649 0 0 1,431 9 2 5,000 0 0 1,666 13 4 £ s. d. 2,218,049 16 1 1 I I . 390,022 1 11 £ s. d. 22,891,819 1 10 j I Total, otiiee Special Acts 2,608,071 18 0 Total, Permanent Appropriations ANNUAL APPROPRIATIONS Legislative Prime Minister's Department External Affairs Finance — Treasury Customs Land and Income Tax Stamp Duties Audit .. .. . • Total, Finance .. Carried forward 25,499,890 19 10 Gross. £ s. d. 130,153 17 0 Credits. £ s. d. 3,160 1 1 Net. £ s. d. 126,993 15 11 41,500 7 9 153 19 11 41,346 7 10 230,299 12 6 21,629 6 1 208,670 6 5 146,541 16 2 206,777 17 5 463,862 15 2 179,158 12 9 90,976 12 10 72,755 5 2 30,471 0 4 135,636 8 5 1,193 4 0 73,786 11 0 176,306 17 1 328,226 6 9 177,965 8 9 90,976 12 10 1,087,317 14 4 240,055 17 11 847,261 16 5 1,489,271 11 7 264,999 5 0 1,224,272 6 7

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946— continued

RECEIPTS £ s. d. £ 3. d. £ s. d. Brought forward 61,761,604 10 7 Carried forward 61,761,604 10 7

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE Gross. Credits. Net. £ s. d. £ s. d. £ s. d. Brought forward 1,489,271 11 7 264,999 5 0 1,224,272 6 7 ANNUAL APPROPRIATIONS—continued General Administration — Public Service Commissioners' Office 29,336 9 10 2,146 13 2 27,189 16 8 Internal Affairs 830,411 15 1 180,525 2 6 649,886 12 7 Island Territories 384,873 10 0 384,873 10 0 Printing and Stationery 352,725 11 0 352,725 11 0 Marine 306,879 19 6 74,931 15 11 231,948 3 7 Labour 134,797 3 10 1,813 17 1 132,983 6 9 Native 310,745 8 5 35,400 17 11 275,344 10 6 Valuation 84,470 10 2 9,125 17 1 75,344 13 1 Electoral 28,408 19 5 126 2 7 28,282 16 10 Census and Statistics 76,322 10 4 5,089 6 10 71,233 3 6 National Service 370,812 14 5 370,812 14 5 National Employment Service 186,995 2 10 4,974 13 11 182,020 8 11 Rehabilitation 294,571 5 9 1,-225 8 9 293,345 17 0 Total, Genekal Administration 3,391,351 0 7 686,172 10 2 2,705,178 10 5 Law and Order— Justice and Prisons 423,160 12 4 111,974 15 9 311,185 16 7 Crown Law 10,259 11 5 418 .4 7 9,841 6 10 Police 739,460 11 8 8,487 13 5 730,972 18 3 Total, Law and Order 1,172,880 15 5 120,880 13 9 1,052,000 1 8 Maintenance of Public Works and 4,218,910 9 2 2,276,567 0 2 l.,942,343 9 0 Services Development of Primary and Secondary 1 Industries— Organization for National Development 14,913 3 1 170 18 2 14,742 4 11 Lands and Survey 602,884 13 11 93,740 9 8 509,144 4 3 Agriculture 1,495,063 0 9 427,600 11 3 1,067,462 9 6 Scientific and Industrial Research .. 416,131 0 1 84,855 12 8 331,275 7 5 Mines 95,492 17 9 27,841 18 9 67,650 19 O Transport 135,592 18 7 21,263 6 10 114,329 11 9 Industries and Commerce 1,193,615 4 2 195,076 1 4 998,539 2 10 Tourist and Publicity 308,521 14 4 50,281 7 8 258,240 6 8 „ r\ TJ J.OTAL, UEVELOPMENT OF _l RIMARY and Secondary Industries .. 4,262,214 12 8 900,830 6 4 3,361,384 6 4 Carried forward 14,534,628 9 5 4,249,449 15 5 10,285,178 14 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d. 1 £ s. d. £ s. d. Brought forward 61,761,604 10 7 Finance Act (No. 2), 1939, section 11— i i j Temporary transfer to Social Security ' Fund repaid .. •• 1,350,000 0 0 Public Revenues Act, 1926, section 41— Treasury bills issued ] j ■ 1 1 .! i I | 4,000,000 0 0 | Totals j £67,111,604 10 7

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE Gross. Credits. Net. £ s. d. £ s. d. T3 CO Brought forward 14,534,628 9 5 I 4,249,449 15 5 10,285,178 14 0 ANNUAL APPROPRIATIONS —continued Social Services — . Health 3,031,549 0 7 339,159 14 10 2,692,389 5 9 Mental Hospitals 940,166 10 9 76,358 13 4 863,807 17 5 Education.. 6,650,694 15 9 190,072 1 10 6,460,622 13 11 War and other Pensions 4,199,521 2 7 26,888 1 11 4,172,633 0 8 Social Security 7,000,000 0 0 7,000,000 0 O National Provident and Friendly Societies 112,458 14 8 11 2 2 112,447 12 6 Total, Social Services 21,934,390 4 4 632,489 14 1 21,301,900 10 3 Unauthorized Expenditure— Services not provided for 172,298 18 1 7,604 9 1 164,694 9 O Total, Annual Appropriations 36,641,317 11 10 4,889,543 18 7 31,751,773 13 3 Total, Permanent Appropriations .. 25,499,890 19 10 (trom page 21) £ s. d. £ s. d. £ s. d. Total Expenditure 57,251,664 13 1 Finance Act (No. 2), 1939, section 11— Temporary transfer to Social Security Fund 1,350,000 0 0 Public Revenues Act, 1926, section 41— Treasury bills repaid 4,000,000 0 0 Balances at end of year,— Cash 1,111,635 17 0 Investments 3,031,250 0 0 Imprests outstanding— Consolidated Fund— Ordinary Revenue Account — - Vote— External Affairs 708 7 6 Customs 968 6 9 Audit 11 5 1 Island Territories 3 18 11 Marine 2,616 0 3 Labour 383 14 6 Native 45 17 5 National Service 73 8 9 National Employment Service 6,377 17 2 Justice and Prisons 1,834 17 1 1 Police 101,816 3 9 Lands and Survey 17 7 Agriculture 2 17 5 Scientific and Industrial Research 40 11 0 Mines 37 15 7 Transport 125 16 11 Tourist and Publicity 2,837 15 1 Mental Hospitals 356 0 8 War and other Pensions 153,645 4 10 General imprest 45,699 8 10 General services 49,467 5 5 367,054 0 6 4,509,939 17 6 Totals £67,111,604 10 7

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d. £ s. d. Balances at beginning of year — Cash 15,562 13 11 Investments 6,761,468 9 0 Imprests outstanding 129,824 12 5 6,906,855 15 4 Balance 1st April, on 1945. Receipts. £ S. d. £ s. d. Royal New Zealand Air Force 9,317 9 1 15,194 12 0 Anderson Gift Trust Account 518 9 9 250 0 0 Canadian Pensions Account 578 2 10 7,152 13 0 Canteen Profits 9,542 18 2 10,252 0 0 Commercial Gardens Registration Act 387 10 10 2,217 0 0 Cook Islands Fruit Account 18,675 19 9 50,073 0 3 Deposits on Contracts 30 0 0 310 0 0 Education Reserves Act, 1928— Sales of Land under Section 27— Primary-education endowments 54,650 12 0 7,539 16 3 Secondary-education endowments — Auckland Provincial District 6,771 0 1 5 0 0 Taranaki Provincial District 264 14 0 Hawke's Bay Provincial District 24 7 2 Otago Provincial District 346 0 0 Primary Education Endowment Deposit Account 106,600 6 1 SecondaryEducation Endowment Deposit Account — Auckland Provincial District 1,435 14 8 4,015 10 8 Taranaki Provincial District .. .. *. 510 18 6 1,270 6 5 Wellington Provincial District . 1,782 15 6 3,300 19 6 Hawke's Bay Provincial District .. 782 0 3 1,896 19 10 Nelson Provincial District 245 13 0 307 8 4 Marlborough Provincial District 29 6 6 68 2 6 Otago Provincial District 1,443 15 1 1,526 6 9 General Purposes Relief Account 216,675 9 1 9,332 17 3 Gold Duty Suspense Account 363 3 9 362 0 3 Greymouth and Hokitika High Schools Acts, 1883 346 9 11 259 8 9 Hides Emergency Regulations 13,353 7 5 86,872 3 11 Honey-export Control Act, 1924 4 10 1 97 18 11 Hospitals and Charitable Institutions Act, 1926 324 12 3 3,441 16 9 Hunter Soldiers' Assistance Trust Account 5,567 11 8 642 13 5 Immigration Restriction Act, 1908 69,360 2 6 11,070 0 0 Imperial Pensions 108,709 15 10 288,550 0 0 Income Tax, Deferred Maintenance 740,116 9 9 456,412 0 3 Interest on Cash Balance Investments Account 10,348 12 11 161,822 16 7 King George V Memorial Fund Deposit Account 116,098 4 3 3,947 4 10 Land Agents Act, 1921-22, Section 7 505 5 0 500 0 0 Linen Flax Growers' Insurance Fund 2,379 6 0 Local Bodies' Account— Goldfields revenue 4,180 8 9 12,779 7 10 Gold duty 512 13 8 2,860 12 10 Fees and fines 12,516 10 0 14,791 0 0 Endowments of land 4,423 18 5 3,220 12 0 Carried forward .. 1,413,123 18 5 1,268,942 15 2

B—l [Pt. I]

DEPOSITS ACCOUNT

EXPENDITURE Payments and t Balances on Transfers. 31st March, 1946. £ s. d. £ S. d. Royal New Zealand Air Force 365 5 10 24,146 15 3 Anderson Gift Trust Account 77 7 0 691 2 9 Canadian Pensions Account . 7,230 17 4 499 18 6 Canteen Profits 13,312 3 0 6,482 15 2 Commercial Gardens Registration Act 2,348 12 10 255 18 0 Cook Islands Fruit Account 47,448 10 0 21,300 10 0 Deposits on Contracts 92 10 0 247 10 -0 Education Reserves Act, 1928— Sales of Land under Section 27— Primary-education endowments 62,190 8 3 Secondary-education endowments— Auckland Provincial District 6,776 0 1 Taranaki Provincial District 264 14 0 Hawke's Bay Provincial District 24 7 2 Otago Provincial District 346 0 O Primary Education Endowment Deposit Account 106,600 6 1 Secondary Education Endowment Deposit Account — Auckland Provincial District 3,734 5 7 1,716 19 9 Taranaki Provincial District 1,238 12 5 542 12 6 Wellington Provincial District 3,565 11 0 1,518 4 0 Hawke's Bay Provincial District 1,855 16 9 823 3 4 Nelson Provincial District 492 9 10 60 11 6 Marlborough Provincial District 62 9 6 34 19 6 Otago Provincial District 2,380 4 0 589 17 10 General Purposes Relief Account 2,496 7 0 223,511 19 4 Gold Duty Suspense Account 725 4 0 Greymouth and Hokitika High Schools Acts, 1883 527 7 11 78 10 9 Hides Emergency Regulations 91,157 14 6 9,067 16 10 Honey-export Control Act, 1924 57 7 3 45 1 9 Hospitals and Charitable Institutions Act, 1926 907 11 6 2>858 17 6 Hunter Soldiers' Assistance Trust Account 937 1 8 5,273 3 5 Immigration Restriction Act, 1908 3,070 0 0 77,360 2 6 Imperial Pensions 248,791 6 10 148,468 9 0 Income Tax, Deferred Maintenance 45,089 6 10 1,151,439 3 2 Interest on Cash Balance Investments Account 172,171 9 6 King George V Memorial Fund Deposit Account 19,573 13 3 100,471 15 10 Land Agents Act, 1921-22, Section 7 495 16 0 509 9 0 Linen Flax Growers' Insurance Fund 1,918 0 4 461 5 8 Local Bodies' Account— Goldfields revenue 11,914 2 9 5,045 13 10 Gold duty 2,774 18 7 598 7 11 Fees and fines 18,638 0 0 8,669 10 0 Endowments of land 2,271 18 1 5,372 12 4 Carried forward 813,597 3 2 1,868,469 10 5

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1946—continued

RECEIPTS Brought forward Marine Insurance (War Risks) Fund Meat Act, 1939 Mining Act, 1926 Miscellaneous Money-order Settlement Account .. .. Navy Office Deposit Account Nelson Rifle Prize Fund New Zealand Reparation Estates New Zealand University Endowment— Westland Niue Island Fruit Account North Island Experimental Dairy School Official Assignees' Balances Orchard-tax Act, 1927 Payments through the High Commissioner Promotion of Health Fund Public Service Association Account Receipts by the High Commissioner for Payment in New Zealand Receiver-General's Deposit Account Regimental Funds .. .. .. .. ,. Regimental Funds Government Grants Trust Account Remittances from R.N.Z.A.F. Personnel Remittances from Soldiers Overseas Remittances to Immigrants Remittances to R.N.Z.A.F. Personnel Remittances to Soldiers Reserve Bank Investment Account Samoan Notes Security Account Samoan Treasury Account Silver and B TOnze Coin Account State Advances Corporation Investment Account Taranaki Scholarship Endowment Account Tauranga Educational Endowment Reserve Act, 1896 Tobacco Research Association Account Trustee Act, 1908 Unclaimed earnings Unpresented Cheques Victoria College Endowment Deposit Account Wheat Research Levies Wool Industry Act, 1944 Wool Manufacturers' Research Account Balance brought forward Totals Balances on 1st April, 1945. £ s. d. 1,413,123 18 5 420,996 3 10 4,430 13 6 135 17 6 237,366 6 7 1,205 9 9 17,949 3 2 1,282 12 0 4,023 18 9 5,298 18 7 732 6 4 11,604 7 8 6,755 0 0 729 5 1 59,025 15 5 28,299 5 10 2 15 6 12,769 9 5 250,000 0 0 43,581 18 11 1,461 7 5 20,772 14 10 894 19 5 5 0 0 11,508 8 1 47,281 3 0 1,203,325 0 0 71,000 0 0 293,034 12 0 1,822,216 14 2 890,418 9 0 446 3 3 1,152 6 0 8,549 18 10 6,119 9 3 2,375 12 1 10 0 0 2,928 4 8 2,413 18 0 1,628 9 1 Receipts. £ s. d. 1,268,942 15 2 32,263 17 1 9,041 16 9 115 3 0 1,119,993 12 5 5,813 19 5 56,894 15 10 30 0 0 760 8 5 217 4 6 8,565 10 8 621 8 0 2,450 0 0 1,714 1*0 134,018 8 2 23,127 17 5 582 5 3 192,290 14 6 100,000 0 0 405,436 17 8 402,299 15 6 475,402 10 6 21,124 16 8 242,216 4 4 173,211 0 10 233,510 0 0 939 2 4 385 13" 1 530 14 0 8 8 4 4,441 7 4 5,284 15 0 20 0 0 3,381 9 1 24,024 16 1 £6,906,855 15 4 4,949,661 8 4 6,906,855 15 4 £11,856,517 3 8

B—l [Pt. I]

DEPOSITS ACCOUNT —continued

EXPENDITURE Payments and Balances on Transfers, 31st March, 1946. £ s. d. £ s. d. Brought forward 813,597 3 2 1,868,469 10 5 Marine Insurance (War Risks) Fund 700 1 8 452,559 19 3 Meat Act, 1939 8,775 0 8 4,697 9 7 Mining Act, 1926 109 3 6 141 17 0 Miscellaneous 976,449 12 1 380,910 6 11 Money-order Settlement Account 4,662 5 8 2,357 3 6 Navy Office Deposit Account 66,130 19 1 8,712 19 11 Nelson Rifle Prize Fund 1,312 12 0 New Zealand Reparation Estates 4,278 19 9 505 7 5 New Zealand University Endowment— Westland 5 1 8 5,511 1 5 Niue Island Fruit Account 6,039 9 5 3,258 7 7 North Island Experimental Dairy School 713 16 4 11,511 19 4 Official Assignees' Balances 2,500 0 0 6,705 0 0 Orchiird-tax Act, 1927 1,681 5 7 762 0 6 Payments through the High Commissioner 156.287 19 7 36,756 4 0 Promotion of Health Fund 51,410 17 0 16 6 3 Public Service Association Account 417 10 1 167 10 8 Receipts by the High Commissioner for Payment in New 183,532 3 6 21,528 0 5 Zealand Receiver-General's Deposit Account 350,000 0 0 Regimental Funds 370,144 13 1 78,874 3 6 Regimental Funds Government Grants Trust Account 1,461 7 5 Remittances from R.N.Z.A.F. Personnel 393,503 10 9 29,568 19 7 Remittances from Soldiers Overseas 476,290 4 4 7 5 7 Remittances to Immigrants 5 0 0 Remittances to R.N.ZA.F. Personnel 24,374 4 11 8,258 19 10 Remittances to Soldiers 259,033 16 10 30,463 10 6 Reserve Bank Investment Account 1,203,325 0 0 Samoan Notes Security Account 3,600 0 0 67,400 0 0 Samoan Treasury Account 129,272 19 5 336,972 13 5 Silver and Bronze Coin Account 65,795 2 1 1,989,931 12 1 State Advances Corporation Investment Account 890,418 9 0 Taranaki Scholarship Endowment Account 939 4 5 446 1 2 Tauranga Educational Endowment Reserve Act, 1896 385 13 1 Tobacco Research Association Account 1,577 7 8 i05 12 4 Trustee Act, 1908 8,558 7 " 2 Unclaimed Earnings . . .. .. .. 8,065 2 0 2,495 14 7 Unpresented Cheques 3,588 8 2 4,071 18 11 Victoria College Endowment Deposit Account 20 10 0 9 10 0 Wheat Research Levies .. 6,309 13 9 Wool Industry Act, 1944 20,127 13 8 6,31.1 0 5 Wool Manufacturers' Research Account 1,628 9 1 4,041,948 2 0. £7,814,569 1 8 Balances at end of year— Cash 326,054 12 6 • Investments 7,345,008 9 0 Imprests outstanding 143,506 0 2 7,814,569 1 8 Totals £11,856,517 3 8

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

BANK OF NEW RECEIPTS Balance at beginning of year — Investments £ s. d. £ s. d. 1,859,375 0 0 Bank of New Zealand Act, 1945, section 8— Stock issued 7,038,880 0 0 Finance Act, 1926, section 8 (3) — Dividends received in terms of Bank of New Zealand Act, 1926, section 13 99,804 13 & Totals £8,998,059 13 S EARTHQUAKE AND WAR Balances at beginning of year- — Cash Investments £ s. d. 48,070 15 10 4,270,000 0 0 £ s. d„ 4,318,070 15 10Premiums 356,933 19 I Interest on investments 98,750 8 10 Totals .. .. £4,773,755 3 9

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946

ZEALAND SHARES ACCOUNT EXPENDITURE Finance Act, 1926, section 8 (3) — Dividends paid to Ordinary Revenue Account in terms of the Bank of New Zealand Act, 1926, section 13 £ s. d. £ 99,804 s. 13 d. 8 Balances at end of year— Cash Investments—• Shares held as at 1st April, 1945— Nominal Value. Cost Price. Preference — £ £ s. d. " A" shares at £1 each .. .. 500,000 " B" shares at £1 each .. .. 1,375,000 " C " long - term mortgage shares at £1 each 234,375 13 13 4 2,109,375 1,859,375 0 0 Shares acquired in terms of Bank of New Zealand Act, 1945— Ordinary shares at £1 each .. .. 2,536,868 " D " long-term mortgage shares at £1 each 348,507 2,885,375 — —- 7,038,866 6 8 8,898,241 6 Q o 8,898,255 0 0 Totals £8,998,059 13 8 DAMAGE FUND Annual appropriation— Vote, " Earthquake and War Damage " .. £ s. d. £ 11,907 s. 11 d. 4 Earthquake and War Damage Act, 1944— Insurance expenditure under section 16 507 3 8 Balances at end of year — Cash Investments 71,340 4,690,000 8 0 9 0 4,761,340 8 9 Totals £4,773,755 3 9

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

ELECTRIC SUPPLY RECEIPTS Balance at beginning of year — £ s. d. £ s. d. Cash 16,440 12 6 Transfers from National Development Loans Account 2,920,000 0 0 State Supply of Electrical Energy Act, 1917, section 8 — Sales of electrical energy .. :. 2,761,144 17 5 Miscellaneous receipts 145,212 10 8 9 QOfi 8 1 , tJVU , OO 4 O A Totals J £5,842,798 0 7 LAND FOR SETTLEMENTS Balances at beginning of year — £ s. d. £ s. d. Cash. 116,637 9 4 Investments 600,000 0 0 Imprests outstanding 27,200 8 8 743 837 18 O # j (JO 1 AO v Transfer from National Development Loans Account 1,500,000 0 0 Sales and capital receipts— Sales of land — Estates and developed areas 118,969 15 3 Land Act, 1924, section 20 : Crown lands 190,366 18 7 Land Act, 1924, section 208 : Capital value of land 678 3 0 Repayment of advances .. 16,832 17 10 84.7 1A Q Oi/U ) OT < IT O Rents and interest— Rents, &c.— Receipts derived from estates and developed areas 374,266 1 1 Interest on advances 8,322 2 6 ()0-J, t/OO tl I Sales of prpduce, live-stock, and miscellaneous receipts 7,227 13 5 Capital receipts : Development of small farms 327,048 6 3 Receipts under Native Housing Act, 1935 ' 29,890 5 4 Receipts from development schemes— Native land settlement 707,919 14 10 Small farms 741,139 4 0 1 44.Q 058 18 1ft ijTTt/jVuO AO lv Grants from Consolidated FundNative land settlement 100,000 0 0 Small farms development 8,486 0 0 108 4-8B 0 O luO, tfcOVJ v V/ Interest on investments 1,032 17 6 Miscellaneous receipts 5,025 3 10 Carried forward 4,881,043 1 5

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946—continued

2—B 1 [Pt. IJ

ACCOUNT EXPENDITURE Annual appropriation— Vote, " Electric Supply " Interest on capital liability Income-tax Social security charge National security tax Transfer to Loans Redemption Account for redemption of securities Balance at end of year— Cash Totals .. .. .. .. ' £ s. d. £ s. d. 4,341,199 5 9 883,746 6 7 348,316 16 0 30,142 16 7 45,214 4 11 134,538 5 10 59,640 4 11 £5,842,798 0 7 ACCOUNT Annual appropriations— Vote—- " Land for Settlements " " Small Farms Development " " Native Land Settlement " Interest on capital liability— National Development Loans Act, 1941, section 6 (5) — Transfer to Consolidated Fund in respect of interest payable on capital liability Interest and other charges on loans — Land Laws Amendment Act, 1929, section 47— Interest on Crown lands declared to be subject to the Land for Settlements Act, 1925, and the former Land for Settlements Acts Finance Act, 1930 (No. 2), section 19 (4) — Interest on Cheviot Estate net profits paid to Consolidated Fund Expenditure charged on proceeds of sales of land — Crown Lands : Sales under Land Act, 1924, section 20— Finance Act, 1931 (No. 4), section 24 (1) — Payment to Public Works Account of value of lands set aside or acquired for the purposes of the Post and Telegraph Department but no longer required for such purpose Finance Act, 1932 (No. 2), section 6— Transfer from Crown Lands Account to Small Farms Account of the value of Small Farms lands declared Crown lands Finance Act, 1932 (No. 2), section 6— Transfer from Small Farms Account of the value of Crown land utilized for Small Farms purposes Carried forward £ s. d. 47,849 18 6 3,168,722 6 10 929,027 6 8 £ s. d. 4,145,599 12 0 400,000 .0 0 27,070 17 10 8,477 12 0 18,593 5 10 1,963 10 2 1,162 0 0 87,111 9 11 90,237 0 1 4,572,670 9 10

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

LAND FOR SETTLEMENTS RECEIPTS Brought forward | i £ s. d. £ s. d. 4,881,043 1 5 Totals £4,881,043 1 x 5 LOANS REDEMPTION Balances at beginning of year — Cash Investments £ s. d. 208,716 13 6 2,500,000 0 0 £ s. d. 2,708,716 13 6 New Zealand Loans Act, 1932— Section 14— Securities issued in conversion of loans — Stock — To mature— 15th November, 1958 15th July, 1957 15th July, 1961-63 23,781,000 0 0 3,299,660 0 0 2,625,430 0 0 29,706,090 0 0 Carried forward 32,414,806 13 6

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946—continued

ACCOUNT —continued EXPENDITURE £ s. d. £ s. d. Brought forward 90,237 0 1 4,572,670 9 10 Expenditure charged on proceeds of sales of land —continued Crown Lands : Sales under Land Act, 1924, section 20 —ctd. Land Act, 1924, section 20 (3) — Payment in respect of land obtained for Government works now deemed to be Crown lands 71 5 7 Land Act, 1924, section 139 — " Thirds" and " fourths" paid to Local Bodies' Deposit Account from proceeds of sales of Crown lands 145 2 5 Land Laws Amendment Act, 1926, section 13 — Interest on amount paid into Land for Settlements c Account as capital proceeds from sales of Crown land 69,770 8 0 Land Laws Amendment Act, 1930, section 15 (3) — Land for Settlements Act, 1925, section 49 (1) — Settlement lands converted into ordinary Crown lands 12,650 0 0 Native Purposes Act, 1934, section 3 (2) — Public Reserves, Domains, and National Parks Act, 1928, section 41 (2) — Improvement and development of domain from proceeds of sale of area (Hamilton Domain) 3,730 0 0 17fi lfi 1 I IV j VVt) 1U JL Balances at end of year — Cash .. .. .. . . 108,410 7 6 Imprests outstanding— Vote— £ s. d. Small farms development.. .. 21,759 12 11 Native land settlement .. .. 1,598 15 1 23,358 8 0 131 768 15 fi 1U1 y 1 UO 1V Totals £4,881,043 1 5 ACCOUNT £ s. d. £ s. d. New Zealand Loans Act, 1932— Section 14— Securities converted — Stock — To mature — 15th June, 1947—49 500,000 0 0 30th November, 1948 1,494,500 0 0 15th December, 1950 250,000 0 0 31st May, 1954-58 555,160 0 0 15th July, 1957 2,625,430 0 0 15th August, 1957 18,260,000 0 0 15th December, 1958 6,021,000 0 0 ->Q 7A« nan n o ajV 9 < vU V{/U V y Carried forward 29,706,090 0 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d. £ s. d. Brought forward 32,414,806 13 6 New Zealand Loans Act, 1932—continued Section 14 —continued Securities issued in conversion of loans —continued Interest-free stock — To mature 15th May, 1948 250 0 0 Treasury bills— To mature: Various 18,638,000 0 0 Securities issued in renewal of loans — Debentures— To mature 1st December, 1955 2,613,636 7 2 Stock — To mature— 15th July, 1957 31,468,000 0 0 1st September, 1962-65 12,071,600 0 0 43 fiOO 0 0 jfuC jUW v \J Treasury bills— To mature : Various 157,013,000 0 0 Section 40 (6) — Ordinary stock issued in replacement of death duty stock — To mature — 1st August, 1946 320 0 0 15th June, 1947-49 1,995 0 0 15th September, 1947 460 0 0 15th May, 1948 250 0 0 15th February, 1949-50 270 0 0 15th May, 1949-52 1,760 0 0 15th April, 1950-51 200 0 0 1st August, 1951-54 2,600 0 0 15th June, 1952-55 1,135 0 0 15th September, 1952-55 1,850 0 0 15th May, 1953-56 3,450 0 0 15th December* 1953-56 7,860 0 0 15th February, 1955-58 7,200 0 0 15th April, 1956-59 1,175 0 0 15th September, 1957-60 8,880 0 0 3Q 0 0 *JU 9 TVU U V/ Section 57— Stock issued in exchange for debentures— To mature — 15th April, 1946-49 12,205 0 0 15th September, 1947 7,350 0 0 1st February, 1951 3,000 0 0 15th June, 1952-55 5,620 0 0 15th January, 1953-57 3,450 0 0 31 0 0 Ui ? Ui/U V V Carried forward •• 254,290,323 0 8

B—l [Pt. I]

LOANS REDEMPTION ACCOUNT —continued

EXPENDITURE £ s. d. £ s. d. Brought forward 29,706,090 0 0 New Zealand Loans Act, 1932 —continued Section 14 —continued Securities converted —continued Interest-free stock— To mature : Various 250 0 0 Treasury bills— To mature : Various 18,638,000 0 0 Loans renewed at maturity— Debentures— To mature 1st December, 1945 2,613,636 7 2 Stock — To mature — 1st February, 1943-63 .. ..' • 13,511,000 0 0 1st April, 1945 12,071,600 0 0 15th July, 1945 1,850,000 0 0 1st January, 1946 16,107,000 0 0 fiftO 0 0 rxO , kjOXJ J Uuv yj V Treasury bills — To mature : Various 157,013,000 0 0 Section 40 (6) — Death duty stock replaced by ordinary , stock — To mature — 1st August, 1946 320 0 0 15th June, 1947-49 1,995 0 0 15th September, 1947 460 0 0 15th May, 1948 250 0 0 15th February, 1949-50 270 0 0 15th May, 1949-52 1,760 0 0 15th April, 1950-51 200 0 0 1st August, 1951-54 2,600 0 0 15th June, 1952-55 1,135 0 0 15th September, 1952-55 1,850 0 0 15th May, 1953-56 3,450 0 0 15th December, 1953-56 7,860 0 0 15th February, 1955-58 7,200 0 0 15th April, 1956-59 1,175 0 0 15th September, 1957-60 8,880 0 0 qq AO*; 0 0 OV,TVU u V Section 57— Securities exchanged for ordinary stock— Debentures— To mature — 15th April, 1946-49 12,205 0 0 15th September, 1947 7,350 0 0 1st February, 1951 3,000 0 0 15th June, 1952-55 5,620 0 0 15th January, 1953-57 3,450 0 0 Carried forward 251,581,606 7 2

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1946—continued

RECEIPTS £ s. d £ s. d. Brought forward .. • .. 254,290,323 0 8 New Zealand Loans Act, 1932 —continued Section 57—continued Stock issued in exchange for death duty stock— To mature— 15th April, 1946-49 140 0 0 1st August, 1946 3,770 0 0 15th June, 1947-49 20,745 0 0 15th September, 1947 5,050 0 0 15th May, 1948 4,090 0 0 15th February, 1949-50 7,140 0 0 15th April, 1950-51 3,250 0 0 1st August, 1951-54 13,710 0 0 15th June, 1952-55 1,860 0 0 15th September, 1952-55 22,200 0 0 15th May, 1953-56 19,770 0 0 15th December, 1953-56 63,125 0 0 15th February, 1955-58 68,630 0 0 15th April, 1956-59 18,410 0 0 15th September, 1957-60 21,080 0 0 979 Q7ft ft ft* 1 &J y iJ t \J V \y Death duty stock issued in exchange for ordinary stock— To mature — 15th May, 1948 200 0 0 15th February, 1955-58 200 0 0 400 0 0 Premium received on redemption of securities before maturity 5,152 5 9 New Zealand Debt Conversion Act, 1932-33, section 12— Securities issued in conversion— Stock — To mature 15th January, 1937-40 100 0 0 Public Revenues Act, 1926, section 135 — Subsection (2) — Amount received on account of New Zealand's share of German Reparations 1,058 1 0 Subsection (4) — Amounts received for redemption of securities from — Electric Supply Account .. .. 134,538 5 10' Housing Account 503,297 1 9 Ordinary Revenue Account 50,000 0 0 Repayment of moneys advanced under Repatriation Act, 1918 1 7 6 Proceeds of sales of national endowment lands 227 6 4 State Coal-mines Account 36,628 0 0 War Expenses Account 27,500,000 0 0 Miscellaneous sources 73 15 1 Amount received from British Government being applied to redemption of war-loan securities 5,000,000 0 0 Carried forward j 287,794,769 3 11

B—l [Pt. I]

LOANS REDEMPTION ACCOUNT —continued

EXPENDITURE Brought forward £ s. d. £ 251,581,606 s. 7 d. 2 New Zealand Loans Act, 1932 —continued Section 57—continued Securities exchanged for ordinary stock—continued Death duty stock — To mature — 15th April, 1946-49 1st August, 1946 15th June, 1947-49 15th September, 1947 15th May, 1948 15th February, 1949-50 15th April, 1950-51 1st August, 1951-54 15th June, 1952-55 15th September, 1952-55 15th May, 1953-56 15th December, 1953-56 15th February, 1955-58 15th April, 1956-59 15th September, 1957-60 140 3,770 20,745 5,050 4,090 7,140 3,250 13,710 1,860 22,200 19,770 63,125 68,630 18,410 21,080 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 272,970 0 0 Ordinary stock exchanged for death duty stock— To mature — 15th May, 1948 15th February, 1955-58 200 200 0 0 0 0 400 4 10,831,306 0 17 0 0 11 0 .Section 58— Securities redeemed before maturity— Debentures— To mature 15th September, 1949 Stock — To mature— 1st April, 1946 15th June, 1947-49 .. .. .. ' 15th May, 1948 15th September, 1946-48 15th February, 1949-50 15th May, 1953-56 1st October, 1953 15th December, 1953-56 15th February, 1955-58 (national savings) 15th February, 1955-58 15th April, 1956-59 15th July, 1957 15th August, 1957 15th November, 1957 15th November, 1958 (national savings) 15th December, 1958 7,389 42,200 6,000,000 260,340 50,000 700 50 63,350 287,031 241,020 12,610 99,660 2,392,500 1,470 1,222,226 150,760 0 0 0 0 0 0' 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Carried forward 262,686,287 5 1

B—l [Ft. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1946—continued

RECEIPTS J* £ s. d. £ s. d. Brought forward 1 287,794,769 3 11 Totals £287,794,769 3 11

B—l [Pt. T]

LOANS REDEMPTION ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. Brought forward 262,686,287 5 1 New Zealand Loans Act, 1932—continued Section 58—continued Securities redeemed before maturity—continued Interest-free stock — To mature : Various . . 164,107 17 8 Interest-free death duty stock— To mature : Various 1,000 0 0 Memorandum of security— To mature 15th August, 1955-65 22,500,000 0 0 Securities redeemed at maturity— Stock — To mature — 15th January, 1937-40 100 0 0 1st February, 1943-63 125 6 5 1st April, 1945 2,500 1 4 15th July, 1945 294,910 0 0 1st January, 1946 637 14 8 - 298,273 2 5 Interest-free stock— To mature : Various 739,554 8 11 Interest-free death duty stock — To mature : Various 6,380 0 0 . Death duty stock matured under section 40 (3) — To mature— 15th April, 1946-49 .. 920 0 0 1st August, 1946 2,350 0 0 15th September, 1946-48 14,190 0 0 15th June, 1947-49 12,040 0 0 15th September, 1947 6,050 0 0 15th May, 1948 620 0 0 30th November, 1948 700 0 0 15th February, 1949-50 10,905 0 0 15th May, 1949-52 5,025 0 0 15th April, 1950-51 800 0 0 1st August, 1951-54 18,650 0 0 • 15th June, 1952-55 500 0 0 15th September, 1952-55 23,120 0 0 15th January, 1953-57 500 0 0 15th May, 1953-56 13,180 0 0 1st October, 1953 28,610 0 0 15th December, 1953-56 60,815 0 0 15th February, 1955-58 50,495 0 0 15th April, 1956-59 38,225 0 0 15th September, 1957-60 16,000 0 0 15th April, 1960-63 515 0 0 Duration of war 400 0 0 904. filft ft ft OuijUlV U \J New Zealand Debt Conversion Act, 1932-33, section 12— Securities converted — Debentures— To mature 15th November, 1938 100 0 0 Balances at end of year — Cash 94,456 9 10 Investment .. .. 1,000,000 0 0 1,094,456 9 10 Totals £287,794,769 3 11

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

MAIN HIGHWAYS RECEIPTS Balance at beginning of year — Cash Transfers from National Development Loans Account Amount transferred from the Consolidated Fund Interest on moneys expended on purchase of plant supplied to local authorities Amounts received from local authorities in respect of advances— Repayment-of advances Interest Miscellaneous receipts Totals £ s. d. 8,356 5 2 931 16 6 £ s. d. 4,967 14 0 100,000 0 0 2,174,628 10 4 731 12 2 9,288 1 8 173,293 12 6 £2,462,909 10 8 NATIONAL DEVELOPMENT Balance at beginning of year — Cash ' .. New Zealand Loans Act, 1932— National Development Loans Act, 1941, section 3— Stock issued .. .. .. £ s. d. £ s. d, 15,000 0 0 12,980,000 0 0 Totals .. .. .. .. .. .. ! 1 £12,995,000 0 0 PUBLIC DEBT Balance at beginning of year —- Cash .. .. .. Repayment of the Public Debt Act, 1925, section 11— Transfers from the Consolidated Fund in respect of the Public Debt within the meaning of the Act—Subsection (a), being one-half of 1 per cent, of the amount of the public debt outstanding at 31st March, 1945 .. Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1945 . Subsection (b), being 3£ per cent, of the amount of the public debt redeemed to 31st March, 1945 Totals .. £ s. d. 2,580,503 2 0 166,710 2 2 1,166,970 15 0 £ s. d. 520,670 11 6 3,914,183 19 2 1 £4,434,854 10 8 /

B—l [Pi. I]

ACCOUNTS for the Year ended 31st March, 1946—continued

ACCOUNT EXPENDITURE Annual Appropriation— Vote, " Main Highways " Advances to local authorities Payments to local authorities in lieu of special road fees Subsidies to local authorities under Appropriation Act, 1916, section 9 Subsidies to local authorities under Municipal Corporations Act, 1933, section 71 Balance at end of year — Cash Totals £ s. d. 192,324 3 6 27,272 9 2 £ s. d. 2,187,017 11 4 ' 12,145 0 0 26,356 11 4 219,596 12 8 ' 17,793 15 4 £2,462,909 10 8 LOANS ACCOUNT National Development Loans Act, 1941 — Transfers to — Public Works Account Electric Supply Account Land for Settlements Account Main Highways Account State Coal-mines Account State Forests Account Working Railways Account Iron and Steel Industry Account Post Office Account Totals £ s. d. 6,872,000 0 0 2,920,000 0 0 1,500,000 0 0 100,000 0 0 350,000 0 0 300,000 0 0 851,000 0 0 2,000 0 0 ! 100,000 0 0 £ s. d. ! 12,995,000 0 0 £12,995,000 0 0 REPAYMENT ACCOUNT Securities redeemed and cancelled in terms of section 13 of the Repayment of the Public Debt Act, 1925— Nominal Value. New Zealand Loans Act, 1932— £ s. d. Debentures .. .. .. 12,235 0 0 Stock .. .. .. .. 898,320 0 0 Death duty stock .. .. .. 172,795 0 0 £ s. d. 12,235 0 0 898,320 0 0 172,795 0 0 £ s. d. 1,083,350 0 0 3,351,504 10 8 1,083,350 0 0 •• Balance at end of year — Cash Totals £4,434,854 10 8

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

PUBLIC WORKS RECEIPTS Balances at beginning of year — £ s. d. £ s. d. Gash. 116,171 14 11 Investments 750,000 0 0 Imprests outstanding .. .. .. 191,020 5 6 1,057,192 0 5 Transfers from National Development Loans Account 6,872,000 0 0 Agriculture (Emergency Powers) Act, 1934, section 26— Repayment of loans .. . . 1,494 17 2 Finance Act, 1932 ; section 7 (4) Proceeds from the sale of lands subject to the Hauraki Plains Act, 1926 .. 4,426 16 10 Finance Act, 1932, section 11 (3) (a) — Recoveries of capital moneys expended on railway-line, Petone to Waterloo 10,000 0 0 Sale of linen flax and by-products 577,017 14 11 Miscellaneous receipts— Education Department— Refund of amounts overclaimed on school buildings 1,043 12 5 Sale of land and buildings 4,023 19 3 Justice and Prisons Department— Sale of land and buildings 5 0 0 Department of Labour— Recovery of immigration passage-money 24 3 9 Police Department— Sale of land and buildings 679 10 0 Public Works Department— Departmental Receipts— Housing construction 441,672 4 2 Irrigation, water-supply, and drainage 115,660 13 2 Lands, miscellaneous 44 13 2 Lighthouses and harbour-works 2,181 19 9 Public buildings 112,419 10 0 Railway-construction 45,831 2 3 Roads, &c. 4,266 19 4 Soil conservation and rivers control 90,120 14 0 Instalment on loans to — Eastbourne Borough Council 190 6 9 Kaipara River Board 86 10 5 Lower Clutha River Trust 72 6 1 Sale of land and buildings 4,656 7 4 Sale of surplus and obsolete stores 45 0 0 Housing Branch — Sale of surplus and obsolete stores .. 5,896 15 3 898 Q91 7 1 Totals £9,351,052. 16 5 .... =aa REMITTANCES TO £ s. d. , £ s. d. Amounts credited to New Zealand Public Account, London, being amounts remitted from Public Account, Wellington 63,034,588 8 1 Totals £63,034,588 8 1

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946—continued

ACCOUNT EXPENDITURE Annual appropriations— Vote — " Railway-construction " " Housing Construction " " Public Buildings " " Education Buildings, &c." " Lighthouses and Harbour-works " .. " Roads, &c." .. " Soil Conservation and Rivers Control " " Lands, Miscellaneous " " Irrigation, Water-supply, and Drainage " " Linen Flax Development " Unauthorized expenditure— Services not provided for .. .. Total, annual appropriations Balances at end of year — Cash Imprests outstanding— Vote— *£ s. d. Housing construction .. .. 41,684 14 1 Linen flax .. .. .. 39 16 7 General services .. .. .. 188,101 12 3 £ s. d. 308,050 8 5 5,709,995 3 2 665,263 13 9 1,187,822 19 11 11,593 4 2 171,603 12 1 212,271 9 6 59,690 11 11 390,312 15 0 403,809 5 8 £ s. d. % 9,120,553 3 7 230,499 12 10 1 9,120,413 3 7 140 0 0 9,120,553 3 7 673 9 11 229,826 2 11 Totals 1 £9,351,052 16 5 LONDON ACCOUNT Amounts withdrawn from Public Account, Wellington, for remittance to New Zealand Public Account, London Totals £ s. d. £ s. d. 63,034,588 8 1 £63,034,588 8 1

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

REMITTANCES FROM RECEIPTS Amounts credited to Public Account, Wellington, being amounts remitted from New Zealand Public Account, London Totals £ s. d. £ s. d. 24,875,000 0 0 £24,875,000 0 0 RESERVE FUND Balances at beginning of year— Cash Investments Hawke's Bay earthquake— Repayments of loans made to earthquake sufferers Repayment of loans made to local authorities Interest on investments Miscellaneous receipts Totals £ s. d. 21,732 8 7 2,254,714 12 10 £ s. d. 2,276,447 1 5 33,229 5 11 75,714 2 11 36 4 2 26,832 11 1 6,396 14 10 £2,385,426 14 5 SOCIAL Balances at beginning of year— Cash Investments Imprests outstanding Finance Act, 1939, No. 2, section 11— Temporary transfer from Consolidated Fund Social security charge Registration fee Penalty for late payment of fee .. Fines Miscellaneous receipts Transfer from the Consolidated Fund Interest on investments Receipts due to Employment Promotion Fund Totals £ s. d. 24,583 5 2 2,000,000 0 0 365,118 5 0 £ s. d. 2,389,701 10 2 1,350,000 0 0 15,283,508 16 4 7,000,000 0 0 2,082 3 10 601 16 3 14,557,460 7 1 585,712 15 4 24,044 1 5 91 8 9 116,200 3 9 £26,025,894 6 7

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946—continued

LONDON ACCOUNT EXPENDITURE Amounts withdrawn from New Zealand Public Account, London, for remittance to Public Account, Wellington Totals £ s. d. £ s. d. 24,875,000 0 0 £24,875,000 0 0 ACCOUNT Hawke's Bay earthquake— Administration expenses Balances at end of year— Cash Investments Totals £ s. d. 10,398 6 3 2,375,000 0 0 £ s. d. 28 8 2 2,385,398 6 3 £2,385,426 14 5 SECURITY FUND Annual appropriations— Gross. Vote— " fc b. d. " Administration expenses and emergency benefits " .. .. 843,545 12 0 " Medical, hospital, &c., benefits " .. 5,564,315 10 4 Unauthorized expenditure— Services not provided for .. 208 6 8 Credits. £ s. d. 208 6 8 Net. £ s. d. 843,545 12 0 5,564,315 10 4 6,408,069 9 0 208 6 8 6,407,861 2 4 Social Security Act, 1938, section 106 (1) — Monetary benefits— Age benefits .. .. .. 9,831,614 0 8 Invalidity benefits .. .. 1,185,884 0 10 Widows' benefits .. .. .. 1, 081,154 18 6 Sickness benefits .. .. .. 606,040 13 4 Family benefits .. .. .. 2,615,637 15 3 Miners'benefits .. .. .. 88,519 2 10 Orphans'benefits .. .. . . 24,190 5 10 Maori War benefits .. .. 101 5 10 Unemployment benefits .. .. 32,614 1 2 Universal superannuation .. .. 1,190,065 15 1 13,999 3 4 2,347 6 1 37,562 3 5 40,620 9 7 3,878 16 0 160 9 2 12 5 4 953 3 8 4,557 9 10 9,817,614 17 4 1,183,536 14 9 1,043,592 15 1 565,420 3 9 2,611,758 19 3 88,358 13 8 24,178 0 6 101 5 10 31,660 17 6 1,185,508 5 3 16,655,821 19 4 104,091 6 5 16,551,730 12 11 1 Finance Act, 1939, No. 2, section 11— Temporary transfer from Consolidated Fund repaid Balances at end of year— Cash ... Investments Imprests outstanding Totals .. 1 180,405 5 9 812,500 0 0 723,397 5 '7 1,350,000 0 0 1,716,302 11 4 £26,025,894 6 7

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

STATE COALRECEIPTS Balances at beginning of year — Cash Imprests outstanding Transfers from National Development Loans Account Rents, royalties, sale of coal, coke, wood, &c. Housing and other loans— Repayment of principal and interest Miscellaneous receipts Totals £ s. d. 48,923 6 1 82,379 8 1 £ s. d. 131,302 14 2 350,000 0 0 2,208,181 15 10 12,079 15 11 18,026 6 4 £2,719,590 12 3 STATE FORESTS Balance, at beginning of year— Cash Imprests outstanding / Transfers from National Development Loans Account State Forests revenue Miscellaneous receipts .. \ • Totals £ s. d. 12,260 18 7 361 12 2 £ s. d. 12,622 10 9 300,000 0 0 530,007 15 7 58,315 16 8 £900,946 3 0

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1946—continued

MINES ACCOUNT EXPENDITURE Annual appropriation— Vote, " State Coal-mines " Unauthorized expenditure— Services not provided for < Interest on capital iability Transfer to Loans Redemption Account for redemption of securities Balances at end of year — Cash Imprests outstanding Totals £ s. d. 2,603,322 19 10 1,959 0 0 £ s. d. 2,605,281 19 10 31,845 0 4 36,628 0 0 45,835 12 1 6,992 14 10 38,842 17 3 £2,719,590 12 3 ACCOUNT Annual appropriation— Vote, " State Forest Service " Forests Act, 1921-22, section 39 (2) — Transfer to Consolidated Fund of National Endowment Revenue Balances at end of year— Cash Imprests outstanding Totals £ s. d. 9,910 17 5 18,934 3 9 £ s. d. 857,865 18 2 14,235 3 8 28,845 1 2 £900,946 3 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1946— continued

RECEIPTS £ s. d. £ s. d. Balances at beginning of year— Cash 314,639 14 7 Investments 14,000,000 0 0 Imprests outstanding 3,587,701 17 2 17 009 S4.1 11 Q I / , XX 5/ New Zealand Loans Act, 1932 — War Expenses Act, 1939, section 3— Stock issued 16,314,895 0 0 Interest-free stock issued 3,342 5 0 Stock issued (national savings) 9,327,147 0 0 Treasury bills issued 8,000,000 0 0 Memorandum of security 3,537,500 0 0 37 1R9 Rfti ft wi j iOa , OOrt O \J War taxation— Income-tax 8,821,970 12 9 Estate duty 3,648,340 6 4 Succession duty 1,083,983 10 4 Gift duty .. .. .. .. .. 291,690 8 6 Customs duties .. .. .. .. 2,861,442 11 8 Beer duty .. .. .. .. .. 1,712,577 13 4 Sales tax .. .. .. ... 10,558,975 7 9 Postage 600,000 0 0 National security tax 21,737,526 18 1 Miscellaneous 100,339 3 9 51,416,846 12 6 Reciprocal aid— Lend-lease 21,030,403 13 2 Canadian mutual aid 5,806,112 6 4 7Q ft AiVjOOUjulO U Finance Act, 1942 (No. 2), section 19 (1) — Transfer of profits from Marketing Pool Accounts 68,973 12 10 Disposal of surplus assets 11,269,753 5 7 Miscellaneous receipts— Navy Dr. 50 0 0 Army 7,957 18 8 Air 48,236 19 10 Donations • 21,277 18 9 General 829 17 11 Allied military currency issued to 2nd N.Z.E.F. overseas .. 1,258,486 11 3 1 fi K 1jOOUj1ov u o Rehabilitation— Repayment of advances 356,066 16 6 Miscellaneous receipts 12,597 6 1 OAQ ac\A i} 7 ODOjDOi & i Totals £146,382,718 16 2

B—l [Pt. 1]

WAR EXPENSES ACCOUNT

EXPENDITURE War Expenses Act, 1939 — £ s. d. £> s. d. Subdivision I: Navy 6,014,493 10 5 Subdivision II: Army 24,017,523 14 1 Subdivision III: Air 32,122,429 7 5 Subdivision IV: Ancillary 1,640,240 11 10 Subdivision V: Rehabilitation 2,572,966 14 7 Subdivision VI: Reverse lend-lease 22,777,671 11 3 Subdivision VII: Gratuities 18,000,000 0 0 Transfer to Loans Redemption Account for redemption of securities 27,500,000 0 0 Balances at end of year — Cask Investments Imprests outstanding 448,404 16 5,518,000 0 5,770,988 9 9 0 10 11,737,393 6 7 Totals £146,382,718 16 2

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1946—continued

RECEIPTS Balances at beginning of year— £ s. d. £ s. d. Cash .. .. .. 220,378 5 8 Investments - 1,975,000 0 0 Investments held on behalf of Railways Employees' Sick Benefit Fund 1,730 I 11 Imprests outstanding 210,537 19 6 2,407,646 7 1 Transfer from National Development Loans Account 851,000 0 0 Railway revenue 15,304,596 11 3 Interest on investments 20,252 14 9 Railways Employees' Sick Benefit Fund — Subsidy from Working Railways Account 25,200 0 0 Interest on investments 213 15 0 25,413 15 0 Miscellaneous receipts 1,393,343 3 5 Totals .. .. .. .. £20,002,252 11 6

B—l [Pt. I]

WORKING RAILWAYS ACCOUNT

E. L. GREENSMITH, Acting Secretary to the Treasury. C. J. ATKIN, Accountant to the Treasury. The Treasury, Wellington, 25th June, 1946. The foregoing accounts have been examined and found correct. J. P. Rutherford, Controller and Auditor-General. " 16th July, 1946. Audit Office Notes (1) This certificate is given subject to the final audit of many vouchers which under the postaudit system provided for by the Public Revenues Act, 1926, cannot be completely audited before the date at which the Public Accounts are required by the Act to be certified. (2) Material and stores furnished to the Dominion by the United States of America under lendlease and by Canada under mutual aid have been incorporated in the accounts at the figure of £26,836,515 19s. 6d. This amount is shown on the receipts side of War Expenses Account as " Reciprocal Aid " and, less proceeds of certain sales of these materials and stores, is included in the expenditure shown in the account against Navy, Army, Air, and Ancillary subdivisions. In this connection it is desirable to remark that (a) no relative payments have been made to or cash received from the United States or Canadian Governments, (b) values have been based partly on estimate.

EXPENDITURE Annual appropriations— Vote — " Working Railways " " Railways Improvements and Additions to Open Lines " Interest on capital moneys expended on railways (on account) Subsidy to Railways Employees' Sick Benefit Fund Balances at end of year— Cash Investments Investments held on behalf of Railways Employees Sick Benefit Fund Imprests outstanding Totals £ s. d. 14,652,400 12 4 888,923 12 3 £ s. d. 15,541,324 4 7 1,059,473 3 3 25,200 0 0 3,376,255 3 8 113,004 8 6 3,100,000 0 0 6,943 16 11 156,306 18 3 £20,002,252 11 '6

B—l [Pt. I]

SUMMARY of CASH and IMPREST BALANCES at 31st MARCH, 1946

Account. Cash. Imprests. Total. Consolidated Fund — Ordinary Revenue Account Deposits Account Bank op New Zealand Shares Account Earthquake and War Damage Fund Electric Supply Account Land por Settlements Account Loans Redemption Account Main Highways Account Public Debt Repayment Account Public Works Account Reserve Fund Account Social Security Fund State Coal-mines Account State Forests Account Suspense Account War Expenses Account Working Railways Account Totals £ s. d. 1,111,635 17 0 326,054 12 6 £ s. d. 367,054 0 6 143,506 0 2 £ s. d. 1,478,689 17 6 " 469,560 12 8 1,437,690 9 6 510,560 0 8 1,948,250 10 2 13 13 4 71,340 8 9 59,640 4 11 108,410 7 6 94,456 9 10 17,793 15 4 3,351,504 10 8 673 9 11 10,398 6 3 180,405 5 9 6,992 14 10 9,910 17 5 164,949 15 3 448,404 16 9 113,004 8 6 23,358 8 0 229,826 2 11 723,397 5 7 38,842 17 3 18,934 3 9 5,770,988 9 10 156,306 18 3 13 13 4 71,340 8 9 59,640 4 11 131,768 15 6 94,456 9 10 17,793 15 4 3,351,504 10 8 230,499 12 10 10,398 6 3 903,802 11 4 45,835 12 1 28,845 1 2 164,949 15 3 6,219,393 6 7 269,311 6 9 6,075,589 14 6 7,472,214 6 3 13,547,804 0 9

B—l [Pt. I]

SUMMARY of INVESTMENTS held at 31st MARCH, 1946

* Against these Investments there is a Loan Liability of £21,059,265 corresponding to the amount of Investments in Government Securities and a further Loan Liability of £2,093,743 9s. in Deposits Account Investment Account and £7,038,866 6s. Bd. in Bank of New Zealand Shares Account is represented by Stock issued.

Account. Government Securities. Other Securities. Total Investments. Consolidated Fund — Ordinary Revenue Account Deposits Account Bank of New Zealand Shares Account Earthquake and War Damage Fund Loans Redemption Account Reserve Fund Account Social Security Fund War Expenses Account Working Railways Account Totals £ s. d. 2,000,000 0 0 5,171,265 0 0 £ s. d. 1,031,250 0 0 2,173,743 9 0 £ s. d. 3,031,250 0 0 7,345,008 9 0 7,171,265 0 0 3,204,993 9 0 10,376,258 9 0 4,270,000 0 0 1,000,000 0 0 5,518,000 0 0 3,100,000 0 0 8,898,241 6 8 420,000 0 0 2,375,000 0 0 812,500 0 0 6,943 16 11 8,898,241 6 8 4,690,000 0 0 1,000,000 0 0 2,375,000 0 0 812,500 0 0 5,518,000 0 0 3,106,943 16 11 21,059,265 0 0 15,717,678 12 7 *36,776,943 12 7

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

STATEMENT of RECEIPTS and DISBURSEMENTS under the Trustee Act, 1908, to the 31st March, 1946, with Particulars of the BALANCE at CREDIT

RECEIPTS £ s. d. £ s. d. 1945 Balance on 1st April, 1945 8,549 18 10 13 Dec. Estate McMullin and Brown 8 8 4 . Total • £8,558 7 2

B—l [Pt. 1]

PUBLIC ACCOUNTS, 1945-1946

in the DEPOSIT ACCOUNT on that Date. (Published in Terms of Section 72 of the Trustee Act, 1908.)

DISBURSEMENTS £ s. d. £ s. d. 1946 Balances on 31st March, 1946 — 31 March Estate of — Susan Smallwood 93 10 0 J. Matheson and H. Gracie 414 3 3 Mary McKay 43 3 10 William Tattley 45 1 5 Barthia Wilkie 287 11 1 Robert Miller .. .. .. 22 4 7 Paora Parau and W. R. Miller 23 0 0 Erancis Humphreys Heighway 46 12 5 George Moore 2,414 0 0 Richard Galway 836 13 9 John Burk 74 7 10 Geoffrey Arthur Harney 44 15 3 John Hewitt 162 12 0 Mark Earl 150 0 0 Edward Thurlow Field 24 8 1 Michael McKey 1,124 12 8 Martha Robinson 38 17 11 John Bealy 49 17 1 Ernest Groome Gresham 23 1 8 Bartholomew Hannan 185 2 10 Patrick O'Rourke 191 3 1 William Patrick Molloy 103 3 0 William A. Chandler 1 19 1 | George Brown 46 10 8 : George Baker 737 11 2 I Duncan McLean 168 0 11 i John Stephen Barrett 20 18 5 I Eliza Birrell 18 2 10 ! Joseph Newzil 293 3 7 Margaret Pilling 23 1 6 John Gray 144 2 8 Julia Sarah Major 47 16 4 Harold Oliver Pine 2 6 0 Harriet Elizabeth Shakespear 26 3 6 McMullin and Brown 8 8 4 i Moanatairi Extended Gold-mining Co.* 16 7 8 Direct Supply Co., Ltd., Auckland (in liquidation) 33 5 10 Wellington-Manawatu Railway Co., Ltd. 95 9 8 Inglewood Oil-boring and Prospecting Co., Ltd. .. 21 5 0 Southland Woollen Mills, Ltd. (in liquidation) 38 2 4 William Baker Fisher Bush Nursing Fund Trust .. 417 9 11 * 8 558 7 2 Total O 9 UtfO 1 /U £8,558 7 2

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

STATEMENT showing the ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1946, compared with the Sums voted under

* These are the amounts shown in e#lumn 4 of the Schedule to the Appropriation Act, and are voted only t® the for expenditure except under the provisions of section 51, subsection (3), of the Public Revenues Act, 1926. Act, 1926: Vote No. 1, £676 Is. Id.; No. 3, £1,293 12s. 6d.; No. 7, £247 12s. 9d.; No. 10, £20,621 2s. 6dNo. 14, £2,437 18s. 7d.; No. 32, £24,286 Is. 4d.; No. 33, £11,665 14s. 4d.; Ne. 34, £62,609 14s. lOd.; No. 35, £2,633 13s. 4d,

(Under Section 86 of the i§ Amount Voted. <B Account and Vote. o i> • Annual Vote. Credits-in-aid voted. Total voted. Ordinary Revenue Account £ s. d. £ s. d. £ s. d. 1 Legislative 126,965 0 0 2,484 0 0 129,449 0 0 2 Prime Minister's Department 37,012 0 0 153 19 11 37,165 19 11 3 External Affairs 209,096 0 0 19,910 0 0 229,006 0 0 4 Treasury 75,578 0 0 72,755 5 2 148,333 5 2 5 Customs 193,559 0 0 22,507 0 0 216,066 0 0 6 Land and Income Tax 388,833 0 0 134,200 0 0 523,033 0 0 7 Stamp Duties 178,111 0 0 800 0 0 178,911 •o 0 8 Audit 90,191 0 0 90,191 0 0 9 Public Service Commissioners' Office .. 30,375 0 0 1,600 0 - 0 31,975 0 0 10 Internal Affairs 645,440 0 0 159,904 0 0 805,344 0 0 11 Island Territories 390,753 0 0 390,753 0 0 12 Printing and Stationery 413,469 0 0 413,469 0 0 13 Marine 278,067 0 0 39,870 0 0 317,937 0 0 14 Labour 131,081 0 0 1,725 0 0 132,806 0 0 15 Native 365,636 0 0 34,000 0 0 399,636 0 0 16 Valuation 76,725 0 0 9,125 17 1 85,850 17 1 17 Electoral 25,393 0 0 25 0 0 25,418 0 0 18 Census and Statistics 131,500 0 0 5,089 6 10 136,589 6 10 19 National Service # # 370,812 14 5 370,812 14 5 20 National Employment Service 215,378 0 0 4,974 13 11 220,352 13 11 21 Rehabilitation 299,830 0 0 75 0 0 299,905 0 0 22 Justice and Prisons 298,765 0 0 107,335 0 0 406,100 0 0 23 Crown Law 10,187 0 0 250 0 0 10,437 0 0 24 Police 875,795 0 0 8,487 13 5 884,282 13 5 25 Maintenance of Public Works and Services 2,116,000 0 0 1,928,137 0 0 4,044,137 0 0 26 Organization for National Development 14,258 0 0 14,258 0 0 27 Lands and Survey 582,061 0 0 83,675 0 0 665,736 0 0 28 Agriculture 1,059,146 0 0 427,600 11 3 1,486,746 11 3 29 Scientific and Industrial Research 345,943 0 0 84,855 12 8 430,798 12 8 30 Mines 100,370 0 0 27,841 18 9 128,211 18 9 31 Transport 115,812 0 0 17,343 0 0 133,155 0 0 32 Industries and Commerce 960,298 0 0 170,790 0 0 1,131,088 0 0 33 Tourist and Publicity 259,786 0 0 37,070 0 0 296,856 0 0 34 Health 2,621,616 0 0 276,550 0 0 2,898,166 0 0 35 Mental Hospitals 848,520 0 0 73,725 0 0 922,245 0 0 36 Education 6,348,686 0 0 190,072 1 10 6,538,758 1 10 37 War and other Pensions 4,298,591 0 0 26,888 1 11 4,325,479 1 11 38 Social Security .. ' 7,000,000 0 0 7,000,000 0 0 39 National Provident and Friendly Societies X? q r| 115,839 0 0 io 0 0 115,849 0 0 X o. Services not provided for 172,298 18 1 Less amounts recovered or transferred to votes .. .. 7,604 9 1 Totals 32,274,665 0 0 4,340,642 17 2 36,615,307 17 2

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

the Appropriation Act, 1945

extent to wliich they are actually received. f These credits have not been appropriated, and are not available t Excess credits as follow were made available in accordance with section 51, subsection (3), of the Public Revenues £BB 17s. Id.; No. 17, £lOl 2s. 7d.; No. 22, £4,639 15s. Od.; No. 25, £174,773 9s. 2d.; N0.2«,£170 18s. 2d.; No. 31,

Public Revenues Act,, 1926) Credits-in-aid Credits-in-aid Expenditure. Amount Issued in Credits-in-aid received in estimated unissued. Excess. estimated.* Excess of but not Estimated received. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ 8. d. 130,153 17 0 704 17 0 2,484 0 0 676 1 1J 41,500 7 9 4,334 7 10 250 0 0 96 0 1 230,299 12 6 1,293 12 6 19,910 0 0 1,719* 6 1$ 146,541 16 2 1,791 9 0 77,021 0 0 4,265 14 10 206,777 17 5 9,288 2 7 22,507 0 0 7,964* 0 4 463,862 15 2 59,170 4 10 134,200 0 0 1,436 8 5 179,158 12 9 247*12 9 800 0 0 393 4 OJ 90,976 12 10 785 12 10 29,336 9 10 2,638 10 2 1,600 0 0 546*13 2 830,411 15 1 25,067 15 1 159,904 0 0 20,621 2 6$ 384,873 10 0 5,879 10 0 352,725 11 0 60,743 9 0 306,879 19 6 11,057 0 6 39,870 0 0 35,06i 15 11 134,797 3 10 . . 1,991' 3 10 1,725 0 0 88 17 1J 310,745 8 5 88,890 11 7 34,000 0 0 1,400 17 11 84,470 10 2 1,380 6 11" 10,130 0 0 1,004 2 11 28,408 19 5 2,990*19 5 25 0 0 loi 2 1% 76,322 10 4 60,266*16 6 5,500 0 0 4i6 13 2 370,812 14 5 382,887 0 0 12,074 5 7 186,995 2 10 33,357 11 1 8,230 0 0 3,255 6 1 294,571 5 9 5,333 14 3 75 0 0 1,150 8 9 "523,160 12 4 11,060 12 4 107,335 0 0 4,639 15 9J 10,259 11 5 177* 8 7 250 0 0 168 4 7 739,460 11 8 144,822 1 9 9,250 0 0 762 6 7 4,218,910 9 2 174,773 9 2 1,928,137 0 0 348,430 0 2J 14,913 3 1 655 3 1 170 18 2% 602,884 13 11 62,851 6 1 83,675 0 0 10,065 9 8 1,495,063 0 9 8,316* 9 6 498,805 0 0 71,204 8 9 416,131 0 1 14,667 12 7 110,297 0 0 25,441 7 4 95,492 17 9 32,719 1 0 30,300 0 0 2,458 1 3 135,592 18 7 2,437*18 7 17,343 0 0 3,920* 6 10$ 1,193,615 4 2 62,527 4 2 170,790 0 0 24,286 1 4i 308,521 14 4 11,665 14 4 37,070 0 0 13,211 7 8j 3,031,549 0 7 133,383 0 7 276,550 0 0 62,609 14 10t 940,166 10 9 17,921 10 9 73,725 0 0 2,633 13 4| 6,650,694 15 9 111,936 13 11 190,935 0 0 862 18 2 4,199,521 2 7 125,957 19 4 97,110 0 0 70,221 18 1 7,000,000 0 0 112,458 14 8 3,390 5 4 io o o i' 2 2 164,694 9 0 36,633,713 2 9 724,383 1 1 578,093 17 8 4,532,700 0 0 541,296 12 4 192,057 2 10

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

STATEMENT showing the ISSUES from the SEPARATE ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1946, compared with the Sums voted under

(Under Section 86 of the Public o Amount Voted. © Account and Vote. o > Annual Vote. Credits-in-aid voted. Total voted. Public Works Account £ s. d. £ s. d. £ s. d. 40 Railway Construction 211,000 0 0 211,000 0 0 41 Housing-construction 5,590,000 0 0 5,590,000 0 0 42 Public Buildings 780,000 0 0 780,000 0 0 43 Education Buildings, &c. 1,205,000 0 0 1,205,000 0 0 44 Lighthouses and Harbour-works 47,350 0 0 47,350 0 0 45 Roads, &c. 210,000 0 0 210,000 0 0 46 Soil Conservation and Rivers Control .. 200,000 0 0 200,000 0 0 47 Lands, Miscellaneous 57,540 0 0 57,540 0 0 48 Irrigation, Water-supply, and Drainage 640,670 0 0 640,670 0 0 49 Linen Flax Development 536,917 0 0 536,917 0 0 Services not provided for Totals 9,478,477 0 0 9,478,477 0 0 Earthquake and War Damage Fund 50 Earthquake and War Damage 12,600 0 0 12,600 0 0 Electric Supply Account 51 Electric Supply 5,016,934 0 0 5,016,934 0 0 Land for Settlements Account 52 Land for Settlements 169,245 0 0 169,245 0 0 53 Small Farms Development 3,628,700 0 0 3,628,700 0 0 54 Native Land Settlement 1,366,500 0 0 1,366,500 0 0 Totals 5,164,445 0 0 5,164,445 0 0 Main Highways Account 55 Main Highways 2,090,000 0 0 2,090,000 0 0

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

the Appropriation Act, 1945

Revenues Aet, 1926) Expenditure. » Amount unissued. Issued in Excess. Credits-in-aid estimated. Credits-in-aid received in Excess of Estimate. Credits-in-aid estimated but not received. £ s. d. 308,050 8 5 5,709,995 3 2 665,263 13 9 1,187,822 19 11 11,593 4 2 171,603,12 1 212,271 9 6 59,690 11 11 390,312 15 0 403,809 5 8 140 0 0 £ s. d. 114,736' 6 3 17,177 0 1 35,756 15 10 38,396 7 11 250,357 5 0 133,107 14 4 £ s. d. 97,050 8 5 119,995 3 2 12,27i" 9 6 2,150 11 11 £ s. d. £ s. d. * £ s. d. 9,120,553 3 7 589,531 9 5 231,467 13 0 11,907 11 4 692 8 8 4,341,199 5 9 675,734 14 3 47,849 18 6 3,168,722 6 10 929,027 6 8 121,395 1 6 459,977 13 2 437,472 13 4 4,145,599 12 0 1,018,845 8 0 2,187,017 11 4 97,017 11 4

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

STATEMENT showing the ISSUES from the SEPARATE ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1946, compared with the Sums voted under

(Under Section 86 of the Public £ <D O ►> Account and Vote. Amount Voted. Annual Vote. Credits-in-aid voted. Total voted. 56 57 58 59 60 61 Social Security Fund Administration Expenses and Emergency Benefits Medical, Hospital, &c., Benefits Totals State Coal-mines Account State Coal-mines Services not provided for Totals State Forests Account State Forest Service Working Railways Account Working Railways Railway Improvements and Additions to Open Lines Totals £ s. d. 839,226 0 0 5,372,000 0 0 £ s. d. £ s. d. 839,226 0 0 5,372,000 0 0 6,211,226 0 0 6,211,226 0 0 2,375,452 0 0 2,375,452 0 0 2,375,452 0 0 2,375,452 0 0 1,254,369 0 0 1,254,369 0 0 16,465,437 0 0 1,600,000 0 0 16,465,437 0 0 1,600,000 0 0 18,065,437 0 0 18,065,437 0 0 STATEMENT showing the ISSUES from ACCOUNTS OUTSIDE THE PUBLIC Sums voted under the (Under Section 86 of the Public 62 63 64 65 Post Office Account Post and Telegraph Working-expenses Telegraph Extension Services not provided for Totals Public Trustee's Account Public Trust Office Native Trustee's Account Native Trust Office £ s. d. 6,190,089 0 0 425,000 0 0 £ s. d. 420,450 0 0 225,000 0 0 £ s. d. 6,610,539 0 0 650,000 0 0 6,615,089 0 0 645,450 0 0 7,260,539 0 0 443,528 0 0 443,528 0 0 30,876 0 0 30,876 0 0 * These are the amounts shown in column 4 of the Schedule to the Appropriation Act, and are voted only to the expenditure except under the provisions of section 51, subsection (3), of the Public Revenues Act, 1926.

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

the Appropriation Act, 1945

Revenues Act, 1926) Expenditure. Amount unissued. Issued in Excess. Credits-in-aid estimated.* Credits-in-aid received in Excess of Estimated Credits-in-aid estimated but not received. £ s. d. 843,545 12 0 5,564,315 10 4 £ s. d. £ s. d. 4,319 12 0 192,315 10 4 ( £ s. d. £ s. d. £ s. d. 6,407,861 2 4 196,635 2 4 2,603,322 19 10 1,959 0 0 227,870 19 10 2,605,281 19 10 227,870 19 10 857,865 18 2 396,503 1 10 14,652,400 12 4 888,923 12 3 1,813,036 7 8 711,076 7 9 15,541,324 4 7 2,524,112 15 5 ACCOUNT for the FINANC] Appropriation Act, 1945 Revenues Act, 1926) [AL YEAR ended 31st March, 1946, compared with, the £ s. d. 6,184,843 4 4 416,426 14 5 297 15 0 £ s. d. 425,695 15 8 233,573 5 7 £ s. d. £ s. d. 420,450 0 0 225,000 0 0 £ s. d. 7,282 6 2 5,114 0 0 £ s. d. 6,601,567 13 9 659,269 1 3 645,450 0 0 12,396 6 2 433,169 3 9 10,358 16 3 i 31,010 15 4 134 15 4 extent to which they are actually received. t These credits have not been appropriated, and are not available for

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

STATEMENT showing the ISSUES from ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT for the FINANCIAL YEAR ended 31st March, 1946, compared with the

Examined and found correct. J. P. Rutherford, Controller and Auditor-General. 16th July, 1946.

(Under Section 86 of the Public o & ® "§ > Account and Vote. Amount Voted. Annual Vote. Credits-ln-aid voted. I Total voted. 66 67 68 69 70 70 70 70 71 72 73 Government Insurance Account Government Insurance Public Service Superannuation Fund Account Public Service Superannuation Fund Office State Fire Insurance Account State Fire Insurance Government Accident Insurance Account Government Accident Insurance Dairy Industry Account Export Marketing Meat Industry Account Export Marketing Sundry Products Account Export Marketing .. .. ... Wool Industry Account Export Marketing Internal Marketing Account Internal Marketing Services not provided for Totals Broadcasting Account Broadcasting Services not provided for Totals Iron and Steel Industry Account Iron and Steel Industry £ s. d. 197,034 0 0 £ s. d. £ s. d. 197,034 0 0 7,030 0 0 7,030 0 0 107,470 0 0 107,470 0 0 64,570 0 0 64,570 0 0 31,250 0 0 31,250 0 0 50,800 0 0 50,800 0 0 20,900 0 0 20,900 0 0 12,200 0 0 12,200 0 0 147,315 0 0 147,315 0 0 147,315 0- 0 147,315 0 0 463,440 0 0 463,440 0 0 463,440 0 0 463,440 0 0 5,816 0 0 5,816 0 0

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

Sums voted under the Appropriation Act, 1945—continued

E. L. Greensmith, Acting Secretary to tlie Treasury. C. J. Atkin, Accountant to the Treasury. The Treasury, Wellington, 25th June, 1946. 3—B l [Pt. ij

Revenues Act, 1926) Expenditure. Amount unissued. Issued in Excess. Credits-in-aid estimated. Credits-in-aid received in excess of Estimate. Credits-in-aid estimated but not received. £ s. d. 178,566 18 11 £ s. d. 18,467 1 1 £ s. d. £ s. d. £ s. d. 1 £ s. d. 6,793 3 6 236 16 6 89,857 9 11 17,612 10 1 60,386 16 0 4,183 4 0 ; 30,124 10 0 1,125 10 0 49,633 10 2 1,166 9 10 18,944 17 4 1,955 2 8 8,784 19 1 3,415 0 11 126,327 13 9 184 13 11 20,987 6 3 126,512 7 8 20,987 6 3 382,141 5 6 8 18 9 81,298 14 6 I j 382,150 4 3 81,298 14 6 5,256 2 8 559 17 4 |

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1946

(Under Section 58 of the Public Revenues Act, 1926) £ s. d. £ s. d. £ s. d. CONSOLIDATED FUND Ordinary Revenue Account FOR SERVICES NOT PROVIDED FOR Agriculture Department:— Cost of visit to New Zealand of Dr. E. L. Taylor, Chief Parasitologist to British Ministry of Agriculture 86 1 1 Audit Department:— Grant to officer in lieu of leave on retirement (C. G. Collins) 400 0 0 External Affairs Department:— Cost of visit to New Zealand of Mr. Jordan, New Zealand High Commissioner in London, and Mrs. Jordan .. 686 3 2 Internal Affairs Department Cost of travelling and transportation expenses, Fire Brigade Superintendents attending special conference at Blenheim 21 0 8 Ex gratia payment to Mr. G. F. Yerex in settlement of superannuation contribution claim during his period of war' service 100 0 0 Grant to officer in lieu of leave on retirement (D. F. McEnnis) 3 7 1 Purchase of motor-vehicles 709 3 4 833 11 1 Island Territories Department:— » Cost of official tour of Fiji, Tonga, Cook Islands, &c., by Colonel Voelcker, prior to his taking up appointment as Administrator of Western Samoa 96 0 1 Justice and Prisons Department:— Legal expenses of Mr. V. R. S. Meredith— Compensation claim, J. G. Crawford; • Reeves - Palmer v. Banks and Durward 88 19 1 Cost of extradition of two escaped prisoners from Australia to New Zealand 132 12 7 221 11 8 Carried forward 2,323 7 1

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. d. £ 2,323 s. 7 d. 1 £ s. d. CONSOLIDATED FUND—continued Ordinary Revenue Account—continued FOR SERVICES NOT PROVIDED FOR—continued Lands and Survey Department—Clearing Poa aquatica from rivers and waterways in Hauraki Plains Drainage District 570 18 0 Marine Department:— Compassionate allowance to the widow of the late 0. D. MacFarlane Expenses of Commission of Inquiry to investigate position of small harbours and wharves in Golden and Tasman Bays Repairs to fishermen's slipway at Kaikoura 113 69 231 13 10 16 4 2 4 414 200 19 0 10 0 Public Works Department:— Ex gratia payment to Master McKee in compensation for injuries Scientific and Industrial Research Department :— Grant to Imperial Institute of Entomology to meet cost of work on the study of insect parasites in South America for possible use in New Zealand Radio meteorological investigation in the Canterbury area 500 202 0 4 0 11 702 228 4 18 11 0 Social Security. Department:— Special annuity : George Gordon Hume Special annuity: Raymond Lincoln Slyfield Compassionate allowance to Donald Lowe on account of injuries received through explosion of shell 44 88 95 5 16 16 1 6 5 Stamp Duties Department:— Repayment of part of the death duty paid on the estate of Michael von Dadelszen, deceased 675 15 4 Transport Department:— Cost of inquiry into the operations of the Auckland vehicular ferry 95 2 9 Carried forward 5,211 5 11

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

£ s. d. £ s. d. £ s. d. Brought forward •• 5,211 5 11 CONSOLIDATED FUND—continued Ordinary Revenue Account —continued i FOR SERVICES NOT PROVIDED j FOR—continued Treasury Department:—" Grant to officer in lieu of leave on retirement (Miss J. M. French) 30 14 11 Grant to officer in lieu of leave on retirement (Miss R. M. Hobbs) 2 2 11 Additional grants to superannuation funds to meet estimated cash deficiencies at 31st March, 1946 : Teachers' Superannuation Fund, £149,200; Railways Superannuation Fund, £5,300 .. 154,500 0 0 Payment to the Bank of New Zealand, being accrued dividends due to the Crown in terms of clause 27 of the deed of settlement of the Bank of New Zealand in respect of shares registered on the Wellington Register of the Bank on 31st October, 1945, now to be utilized by the bank to make payments equal to accrued dividends to the legal representatives of the shareholders concerned 4,635 -7 0 Compassionate grant to the widow of the late W. C. Webb 169 7 8 i Grants in lieu of refunds of petrol-tax : Lower Hutt City Council, £7618s. lid.; Timaru Borough Council, £68 lis. 8d. 145 10 7 I 159,483 3 1 164,694 9 0 FOR SERVICES IN EXCESS OF VOTES Vote 1—Legislative .. .. , .. 28 15 11 Vote 2—Prime Minister's Department .. 4,334 7 10 Vote 8—Audit .. .. 785 12 10 Vote 10 —Internal Affairs 4,446 12 7 Vote 14—Labour 1,902 6 9 Vote 17—Electoral .. .. 2,889 16 10 Vote 22'—Justice and Prisons 12,420 16 7 Vote 26—Organization for National Development 484 4 11 Vote 28—Agriculture 8,316 9 6 , Vote 32—Industries and Commerce 38,241 2 10 Vote 34 —Health 70,773 5 9 Vote 35 —Mental Hospitals 15,287 17 5 Vote 36 —Education 111,936 13 11 971 84-8 3 8 iJ 1 1 • OTO t» o 436,542 12 8 Carried forward 436,542 12 8

B.—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. d. £ s. d. £ s. d. 436,542 12 8 SEPARATE ACCOUNTS Public Works Account FOR SERVICES NOT PROVIDED FOR Housing Construction :— Value of car damaged in accident, together with amount paid to third party 140 0 0 FOR SERVICES IN EXCESS OF VOTES Vote 40—Railway-construction Vote 41—Housing Construction Vote 46 —Soil Conservation and Rivers Control .. .. .. Vote 47 —Lands, miscellaneous 97,050 119,995 12,271 2,150 8 3 9 11 5 2 6 11 231,467 13 0 231,607 13 0 Main Highways Account FOR SERVICES IN EXCESS OF VOTE Vote 55—Main Highways 97,017 11 4 Social Security Fund FOR SERVICES IN EXCESS OF VOTES Vote 56—Administration Expenses and Emergency Benefits Vote 57—Medical, Hospital, &c., Benefits 4,319 12 192,315 10 0 4 196,635 2 4 State Coal-mines Account FOR SERVICES NOT PROVIDED FOR Orant in lieu of rates— Raglan County Council Te Akau Rabbit Board Orant to Buller County Council in lieu of rates on property purchased by the Crown from the Westport-Stockton Coal Co., Ltd. Part cost, visit of State coal-mines officials to Australia in connection with proposed mechanization of State coal-mines 400 2 1,500 57 0 0 0 0 0 0 0 0 1,959 0 227,870 19 0 10 FOR SERVICES IN EXCESS OF VOTE Vote 58—State Coal-mines 229,829 19 10 Carried forward ' 1,191,632 19 2

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

£ s. d. £ s. d. £ s. d. Brought forward •• 1,191,632 19 2 ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT Post Office Account FOR SERVICES NOT PROVIDED FOR Cost of conveying remains of the late R. C. Penman from Christchurch to Otahuhu and part cost of funeral expenses 47 15 0 Grant to Mr. J. G. Young in recognition of services performed at the Telecommunication and other Conferences 250 0 0 297 15 0 Native Trustee's Account FOR SERVICES IN EXCESS OF VOTE Vote 65—Native Trust Office 134 15 4 Internal Marketing Account FOR SERVICES NOT PROVIDED FOR Expenses of Fruit Marketing Council Elections, 1944 184 13 11 Broadcasting Account FOR SERVICES NOT PROVIDED FOR Grant to officer in lieu of leave on retirement (Mrs. R. J. Fisher) 8 18 9 Total £1,192,259 2 2 Surplus Credits-in-aid applied in Terms of Section 51, Subsection (3), of the Public Revenues Act, 1926 Ordinary Revenue Account £ s. d. £ s. d» Vote—Legislative 676 1 1 Vote —External Affairs 1,293 12 6 Vote —Stamp Duties 247 12 9 Vote—Internal Affairs 20,621 2 6 Vote —Labour 88 17 1 Vote —Electoral 101 2 7 Vote —Justice and Prisons 4,639 15 9 Vote —Maintenance of Public Works and Services 174,773 9 2 Vote—Organization for National Development 170 18 2 Vote —Transport 2,437 18 7 Vote —Industries and Commerce 24,286 1 4 Vote —Tourist and Publicity 11,665 14 4 Vote —Health 62,609 14 10 Vote —Mental Hospitals .. 2,633 13 4 Total £306,245 14 O

B—l [Pt. I]

PUBLIC ACCOUNTS, 1945-1946

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

E. L. Greensmith, Acting Secretary to the Treasury. C. J. Atkin, Accountant to the Treasury. The Treasury, Wellington, 25th June, 1946. Examined and found correct. J. P. Rutherford, Controller and Auditor-General. 16th July, 1946.

SUMMARY Unauthorized Expenditure For services in connection with Working Railways under the Control of the Government Railways Department For all other services Total Unauthorized Expenditure Surplus credits-in-aid expended Total Expenditure in Excess 'oe Appropriation Unauthorized Authority. Amount expended. £ s. d. 100,000 0 0 500,000 0 0 £ s. d. 1,192,259 2 2 600,000 0 0 1,192,259 2 2 306,245 14 O £1,498,504 16 2

B—l [PT. I]

THE PUBLIC DEBT OF NEW ZEALAND STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1946

Domicile of Principal. Due Date. Interest Charge. Remarks. Amount, in New Zealand. New Zealand Currency. Australia. | London. London Debt, in Sterling. Bate. Interest in New Zealand Currency. £ s. d. £ £ s. d. £ s. d. % £ Unpresented or subject to conversion 4,130 0 0 Various under New Zealand Debt Conversion Act. 382,323 10 0 1 April, 1946 4 15,293 15 April, 1946 Option to repay £8,931,480 maturing 15th April, 1949. 3,305,770 0 0 1 Aug., 1946 H 82,644 15 Sept., 1946 Option to repay £5,584,860 maturing 15th September, 1948. 400,000 0 0 1 April, 1947 2* 10,000 15 June, 1947 Option to repay £7,139,210 maturing 15th June, 1949. 4,773,480 0 0 15 Sept., 1947 H 119,337 2,145,950 0 0 15 Sept., 1947 4 85,838 1,103,450 0 0 82,300 150,000 0 0 120,000 0 0 15 Sept., 1947 5 66,788 14,027,011 0 6 11,221,608 16 5 1 Nov., 1947 631,215 1 Mar., 1948 Option to repay £24,031,831 5s. maturing 1st March, 1958. 3,767,535 0 0 15 May, 1948 21 94,188 5,584,860 0 0 15 Sept., 1948* 3 167,546 at option of Government at par on or after 15th September, 1946. on three months' notice. 3,494,790 0 0 30 Nov., 1948 4 139,792 1 Feb., 1949 Option to repay £9,153,223 15s. maturing 1st February, 1954. 15 Feb., 1949 Option to repay £11,741,400 maturing 15th February, 1950. 8,931,480 0 0 # , 15 April, 1949f 4 357,259 •[•Repayable at the option of the Government at par on or after 15th April, 1946, on three months' notice. # . 15 April, 1949 • ■ Option to repay £5,701,605 maturing 1 15th April, 1951.

B—l [Pt. I]

bD g £ © > O g A rC} 9 © IQ > r-H a u '•»—i SH 1 bC fl a O > £ t»o .5 bD • nH &0 .s .s 3 .a .s © -s jH rtjM O .3 M A3 be n y <1 3 § 3 Option to repay £12,479,080 mal 15th May, 1952. *Repayable at the option of the Gc ment at par on or after 15th 1947, on three months' notice. ■("Interest payable at maturity. at the option of the Gc ment at par on or after February, 1949, on three m< notice. Option to repay £7,615,510 mal 15th April, 1951. §Repayable at the option of the Gc ment at par on or after 15th 1949, on three months' notice. | Repayable at the option of the Gc ment at par on or after 15th 1950, on three months' notice Option to repay £6,499,000 ma1 1st August, 1954. '(Repayable at the option of the Gc ment at par on or after 15th 1949, on three months' notice. Option to repay £9,337,780 mal 15th June, 1955. Option to repay £15,000,000 ma 1st July, 1955. Option to repay £9,990,915 mal 15th September, 1955. Option to repay £12,452,709 12 maturing 15th January, 1957. Option to repay £7,444,475 mal 15th May, 1956. **This stock was non-interest bear 1st October, 1943. Thereafter cent, per annum will be* paid October, 1953. a IQ it 1> r-H Crt £ ll J? Qj P-i o P Q 2 © 00 o io CO lO CO O GO TH !> lO 00 GO CO CO CD r-H o o lO OS CO o QO 1> 4—00 CO CO os 00 <N <N T* o os r-H OS OS CO TH CM ic r-H OS CO ; THiW HN <M lO lO <N HtM <N Tfl * * a % i-H * OS 1949 1949 1950| o lO OS 1951 1951 § lO OS i-H lO 2 c<i lO OS r-H lO OS 1952 1952 1953 1953 CO lO os CO § § <D g 0 PH S B?®© ZQ fi PR & rQ "S © ft pq <5 *SH i § § © a £ & i * $ P ffl cS t-5 W. 1-5 !§i -p © o c5 o fl iO l—l ic i-H io to *o HHH lO rvH lO r-H lO r-H lO XO i-H i—1 »o r-H o o io o o s © o o • 00 1 o ; CD 1 § © lO <M OS o 1 l> i-H o j 1 o o CD o o O • o • o • • o o • lO lO CD lO CO 3 oT i-H : : 779,000 861,300o r-H o o o o CO o O r-H o o o i-H •gS : o (M Tfl O 8 lO • o . CO o ■ lO : o - 00 o • • • o 00 OS loo P" lO Is oT CO r-H CO l> l-H g lO r-H CD oT oT CO r-H i-H lO <N" I-H oT h oo

B—l [PT. I]

THE PUBLIC DEBT OF NEW ZEALAND STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1946— continued

Domieile of Principal. - ' Interest Charge. Amount, in New Zealand Currency. , , , Due Date. ■ j interest in Remarks. London Debt, m £ Zealand New Zealand. Australia. | London. Sterling. | currency. £ s. d. £ £ s. d. £ s. d. 1 % £ Brought forward 88,622,558 16 3 861,300 25,114,511 0 6 20,091,608 16 5 3,915,039 9,153,223 15 0 7,322,579 0 0 1 Feb., 1954* 3J 320,363 *E.epayable at-the option of the Government at par on or after 1st February, 1949, on three months' notice. 31 May, 1954 .. .. Option to repay £4,977,800 maturing 31st May, 1958. 6,499,000 0 0.. .. .. 1 Aug., 1954f 3 194,970 f Repayable at the option of the Government at par on or after 1st August, 1951, on three months' notice. 15 Feb., 1955 .. .. Option to repay £21,786,815 maturing 15th February, 1958. 9,337,780 0 0.. .. .. 15 June, 1955J 4 373,511 at the option of the Government at par on or after 15th June, 1952, on three months' notice. 15,000,000 0 0 12,000,000 0 0 1 July, 1955 § 3 450,000 §Repayable at the option of the Government at par on or after 1st July, 1952, on three months' notice. 9,990,915 0 0.. .. .. 15 Sept., 1955|i 3 299,727 ||Repayable at the option of the Government at par on or after 15th September, 1952, on three months' notice. 15 Oct., 1955 .. .. Option to repay £7,889,598 15s. maturing 15th October, 1960. 15 Jan., 1956 .. .. Option to repay £6,275,680 maturing 15th January, 1959. 15 April, 1956 .. .. Option to repay £8,557,215 maturing 15th April, 1959. 7,444,475 0 0.. .. .. 15 May, 195611 3 223,334 at the option of the Government at par on or after 15th May, I 1 1953, on three months' notice,

B—l [Pt. I]

Option to repay £6,250,000 maturing 1st November, 1971. "■Repayable at the option of the Government at par on or after 15th December, 1953, on three months' notice. "'[Repayable at the option of the Government at par on or after 15th January, 1953, on three months' notice. Option to repay £14,456,785 maturing 15th September, 1960. {Tax-free non-transferable stock. Option to repay £5,091,800 maturing 15th November, 1960. at the option of the Government at par on or after 15th February, 1955, on three months' notice. j [Repayable at the option of the Government at par on or after 1st March, 1948, on three months' notice. at the option of the Government at par on or after 31st May, 1954, on three months' notice. **Repayable at the option of the Government at par at any time on or after the 15th January, 1956, on three months' notice, ff Repayable at the option of the Government at par on or after 15th April, 1956, on three months' notice. Option to repay £9,174,570 maturing 1st March, 1964. 00 00 xo Tin 00 TUHCOO 00 rH 1> io £■- I> CO O lO o Ci O o CO CO O 00 o CO CO CO OOJ CO I> CO I> CO iO XO CO TH CO lO 1> • CO ©Oh • (MOMO r—H i—H ' O lO • H CO • CO lO CO i-H 00 o © © CO CO lO GO O CO io CO CO CO rH CO I-** CO rH,'oJ rH|<M (M (N CO CO • Hw CM CO • CO rH|r# CO CO CO CO *9961 i 9961 •i — t— *© i> i> i> i> i> lO lO lO IQ lO 03 Oi Oi Ol Oi r—1 rH i-H rH r—i ++ t- I> l> JO IC lO Oi C5 ® r-H rH i-H a? iO OS 00 lO © i-H ir~00 ic © 1958 1958 1959** -5— © lO © O CO © > 6 o © & A ri ce i-i <1 <j m go O o o rO <D EH u s £ «3 £ ° o o 3 Q uS H H b ft <1 U 1 ' rH JO lO 1—1 io io ic »o lO XO JO IC r-H rH rH lO i-H CO lO io io IO O IO o CO O co oq *0 CO lO C<l © CO CO © 00 1Q o : CO lO o CO 00 CO CO io rH CO o © © <M ■rH <N CO : : : ::::::::: : : : : : : : 861,300 o o o o o o o o o O CO o o - o r—1 OTPOO o o o o OhO o © & o OS *0 o 0(MIOO • CO lO o • o o O r-i . O 00 • *o i-H ' 00 o o 00 O 00 o © © 00 OlOCO io rH <M * § 1: © <N Is rH CO l> <N lO .-H 00 IO ocq JO CO CO !> CM 00 CO co co Th I-H CO 00 I> © Hioio co co i> OLON io io r-H © cq co aT JO H CO rH i-H CM 10 © co CO r-i 00 fe io e oo O CO

B—l [Pi. I]

THE PUBLIC DEBT OF NEW ZEALAND STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1946— continued

Domicile of Principal. Interest Charge. Amount, in New Zealand Currency. London Debt, in Due Date. 6 Interest in New Zealand Currency. Remarks. New Zealand. | Australia. London. Sterling. 1 £ s. d. £ £ s. d. £ s. d. % £ Brotiqht forward 385,205,294 10 1 861,300 73,299,566 0 6 58,639,652 16 5 15 April, 1960 14,336,734 Option to repay £9,738,230 maturing 15th April, 1963. 264,950 0 0 22 May, 1960 3i 9,273 14,456,785 0 0 15 Sept., 1960* H 469,846 *Repayable at the option of the Government at par on or after 15th September, 1957, on three months' notice. 7,889,598 15 0 6,311,679 0 0 15 Oct., 1960t H 276,136 "("Repayable at the option of the Government at par on or after 15th October, 1955, on three months' notice. 5,091,800 0 0 15 Nov., 15- July, 1 Sept., 1960$ 1961 1962 3 152,754 at the option of the Government at par on or after 15th November, 1957, on three months' notice. Option to repay £2,625,430 maturing 15th July, 1963. Option to repay £21,547,733 15s. maturing 1st September, 1965. 9,738,230 0 0 15 April, 1963 § 3 292,147 §Repayable at the option of the Government at par on or after 15th April, 1960, on three months' notice. 2,625,430 0 0 15 July, 1963!! 3 78,763 Repayable at the option of the Government at par on or after 15th July, 1961, on three months' notice. 9,174,570 0 0 7,339,656 0 0 1 Mar., 1964H 3i 321,110 1i Repayable at the option of the Government at par on or after 1st March, 1960, on three months' notice. ! 21,547,733 1 15 0 17,238,187 0 0 1 Sept., 1965** H 700,301 **Repayable at the option of the Government at par on or after 1st September, | 1962, on three months' notice.

B—l [Ft. I]

«! &£)_: eS -P ® 50 -ta © flw?, O .2 t~ .2 ® B 45 ®s § |^-i s *a I4 111 II 11-.fll! iSll |l 3.§s 1" ss *tg * - S ft "S S? 5 I£ ® rH~<S<N OTX ®eS 1 ® | »«31 § ® s 2 J*3 *U" -aS! 3; f^l a .1 s is2 ®sg Is 3 £ &.S 3 g g o« 3 "go °pi:lH il§ *S I'g^.s^i--2IJ s- I € I o "fl S J i|J 3 s a.so'Sooas sJ| .as skills 2 *ll I fi | 5o 1M lo 0 S ® 1 m £2 _§ il £sg -I * £ « « 0 2 2 ®§-n § £f> 5 |S ■g||3*lg ■SSSHjS, 111 °|s rS ® s fs 3 o«3 00 > _E2 SH Ej 8 tX) C 3 00 0 2* .2 S 8 8 >0 |i S - 'SOr 3 2 * 3^o .S J "- 1 ® ."3 S £ g £ 3 °-T3 1> JS ® "§ g" 0 ** s'2 '5 2 « o ® ®sc CO M l ® J O JH .-, d 0 I—H r-H ©*h.B 2 Wo'S ® a ® Jd -£> as ® g sis o «b§ ® 2 o „ 50 «§°»'|qS 00° <S n Jj 00 43 es ~r is &-t3 cs ® 50 a 2 -i|l|« IlltlSl "l2lf!l.1ifIPl 1 ill 16 °jt s,°_s§-s.§ 2 I! ° J ® * | -"f "§ 1 1 5 j J s 3.-g T *lSallal §§,"§§« II 's 0 § S ft cu £ SP-p' s ii?!s|!ll?ii^lf a i-£<ea' e 2 ©Ah fe® OWrt grO „ _, 2 !?•*» S? © Q, O "® += ® "J ®. 8 ©rd §W -g "g 43 -g.fi O H -» «||Ssl^lil=l=' 9 l |«^' s |-sl^||||.tf EC P5 P-i S?h p® 7 "! « § JJ^© h r C32 ri -' r£ :! &!.S© cS S B StH ® S M ftSB S O OTJ cS^

ADVANCES BY THE RESERVE BANK TO THE GOVERNMENT BY WAY OF OVERDRAFT OUTSTANDING ON 31st MARCH, 1946

*Repayable at the option of the Government at par on or after 1st November 1956, on three months' notice. . fThe currency of the major portion of this loan is for the duration of the war and stipulated periods thereafter. and principal repayments suspended in terms of agreement with Imperial Government. §Balance of £27,532,164, Imperial Government advances funded in terms of section 8, Finance Act, 1922 (see note below). ||Treasury bills. ++ -Mo 00 o O r-H CO O so o <N . I> 1-H © r-4 • f-H OS »0 CO PH T* IQ 19,108,716 5 Free 1 1 Nov., 1971* Variousf 1 Dec., 1955 Various 1 5,000,000 0 0 i 2,090,909 1 9 24,100,199 10 7§ 120,720,283 8 9 6,250,000 0 0 ' : 2,613,636 7 2 30,125,249 8 3 150,900,354 5 11 l Total securities charged on the Public Revenues and outstanding at 31st March, 1946, £624,511,589 12s. 9d. 861,300 © CO o lO © 41 * * © l> © © o CO © io 472,749,935 6 10

Authority for Advances. j Particulars of Advances. Account. Amount. 1 Marketing Act, 1936, section 10 .. .. Advances in respect of dairy-produce purchased I for export and sale Total advances as at 31st March, 1946 . Dairy Industry Account I £ s. d. 1,578,919 10 4 £1,578,919 10 4

B—l [Pt. I]

TRANSACTIONS IN CONNECTION WITH THE PUBLIC DEBT IN THE YEAR ENDED 31st MARCH, 1946

Details of above External debt—■ 1. London— Increases— £ s. d. New issues: Memorandum of Security .. .. .. .. 3,537,500 0 0 Decreases — Redemptions from— £ s. d. Loans Redemption Account . . .. 637 16 0 War Expenses Account .. .. .. 22,500,000 0 0 New issues in New Zealand .. .. 29,239,486 12 1 51,740,124 8 1 Decrease .. .. .. .. .. .. £48,202,624 8 1 Internal debt—2. Long-term debt — Increases— New issues for purchase of— £ s. d. £ s. d. Bank of New Zealand shares .. .. 7,038,880 0 0 New issues for capital works— National Development Loans Account .. 12,980,000 0 0 New issues: War Expenses Account .. .. 25,645,384 5 0 New issues for redemptions in London .. .. 29,239,486 12 1 74,903,750 17 1 Decreases — Redemptions from — Public Debt Repayment Account .. .. 1,083,350 0 0 Loans Redemption Account .. .. 7,344,598 10 11 War Expenses Account .. .. .. 5,000,000 0 0 13,427,948 10 11 Increase .. .. .. .. .. .. £61,475,802 6 2 3. Floating debt— Increases — £ s. d. £ s. d. New issues: War Expenses Account .. .. 8,000,000 0 0 8,000,000 0 0 Increase .. .. .. .. .. .. £8,000,000 0 0

Outstanding 31st March, 1945 (New Zealand Currency). Outstanding 31st March, 1946 (New Zealand Currency). + Increase. — Decrease. External debt— London Australia Internal debt— Long-term debt Floating debt £ s. d. 199,102,978 14 0 861,300 0 0 356,274,133 0 8 47,000,000 0 0 [ £ s. d. 150,900,354 5 11 861,300 0 0 417,749,935 6 10 55,000,000 0 0 £ s. d. -48,202,624 8 1 +61,475,802 6 2 + 8,000,000 0 0 603,238,411 14 8 624,511,589 12 9 +21,273,177 18 1

B—l [Ft. I]

LOANS GUARANTEED BY THE GOVERNMENT Contingent Liability outstanding on 31st March, 1946

E. L. Greensmith, Acting Secretary to the Treasury. C. J. ATKIN, Accountant to the Treasury. The Treasury, Wellington, 25th June, 1946.

Examined and found correct. J. P. Rutherford, Controller and Auditor-General. Audit Office, Wellington, 16th July, 1946.

Approximate Cost of Paper.—Preparation, not given; printing (7X3 copies), £220.

By Authority: E. Y. Paul, Government Printer, Wellington. —1946.

Price Is. 6d.~\

Loans guaranteed. Authority for Government guarantee. Amount OUTSTANDING. Due Date. Rate. Accumujated Sinking Fund. Int. | S.F. LOANS OF LOCAL AUTHORITIES Havelock North Town Board .. Te Puke Borough Council Oamaru Harbour Board STATE ADVANCES CORPORATION STOCK AND DEBENTURES Special Series » • • • • 99 • • • • 99 • • • • Series " A " .. .. I . Local Bodies' Loans Act, 1913, Part IV .. ■ Ditto .. .. .. Finance Act, 1937 sec. 42 .. Total Local Authorities Loans State Advances Corporation Act, 1936, "1 sec. 25 Ditto .. .. .. .. | 99 • • • • • • * * Total State Advances Corporation Loans I £ £ /19,425 \ 01 A „ r \ M50 / 21 ' 075 11,000 : 56,517* / 1 July, 1947 \ 1 July, 1948 1 Jan., 1948 1 April, 1952 % H ! 5 H 4 % H H H Nil £ s. d. 17,953 13 4 1,572 10 8 9,918 7 5 88,592 1 Aug., 1960 1 Aug., 1963 1 Aug., 1966 1 Aug., 1969 1 Aug., 1972 1 Aug., 1975 1 Aug., 1978 1 Sept., 1955-60 ; 34 3f 3f 3f : 3# 3f 3| 7,744,850 6,500,000 6,500,000 6,500,000 : 6,500,000 6,500,000 • 7,000,000 i 477,740 : 47,722,590 * Repayable by half-yearly instalments.

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1945-1946 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926, Appendix to the Journals of the House of Representatives, 1946 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1945-1946 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1946 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1945-1946 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1946 Session I, B-01-part01

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