PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1947 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1947, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Appendix to the Journals of the House of Representatives, 1947 Session I, B-10

B—lo

1947 NEW ZEALAND

PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1947 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1947, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

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

INDEX PAGE Government Accident Insurance Office .. .. .. .. .. .. 2 Government Insurance Office .. .. . . . . ' .. .. .. 3 Marketing Department (Export Division) .. .. .. .. .. 4 Marketing Department (Internal Marketing Division) .. .. .. .. 4 .Marketing Department (Milk Marketing Division) .. .. .. .. 4 Mines Department .. .. .. ..... .. .. .. 5 National Broadcasting Service .. .. .. .. .. .. .. 5 Native Trustee .. . . .. .. .. .. .. .. 6 Other Securities (Departments of Agriculture, Industries and Commerce, Lands and Survey, Native, Public Works, Rehabilitation, Social Security, State Forest, Tourist and Health Resorts) .. .. .. .. .. .. .. .. .. .. 22 Post Office .. .. .. .. .. .. .. .. .. 7 Public Trust Office .. .. .. .. .. .. .. .. .. II State Advances Corporation (Housing Branch) .. :. .. .. .. .. 14 State Fire Insurance Office ... .. .. .. .. .... 15 Summary, &c. .. .. .. .. .. .. .. .. 28 Treasury .. .. .. .. .. .. .. .. .. 16

B—lo

PUBLIC SECURITIES HELD BY THE GOVERNMENT ACCIDENT INSURANCE OFFICE

2

Particulars of Security. Amount held as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. Maturity Date. Sate of Interest. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 99 99 99 99 99 99 99 99 99 99 99 99 • • ' • • • 99 99 99 99 • • * • • • • * 99 99 99 99 • • * • • • • ♦ „ (Treasury bills).. 99 99 Local Authorities' Securities Local authorities' securities Other Securities Rural Advances bonds under Rural Advances Act, 1926 State Advances Corporation of New Zealand (stock) Total 15/9/60 15/5/52 15/4/63 15/4/49 15/6/55 15/1/57 1/10/53 15/4/59 1/8/54 15/9/55 15/12/56 15/2/58 10/3/47 10/3/48 Various 15/9/47 1/9/60 0/ /o 3-1 4 3 4 4 3| j 01 ■"2 I 3 3 i 3 1 1 Var. 5* 3f £ 69,030 47,500 28,200 27,385 27,385 24,000 50,000 75,000 69,000 25,000 50,000 25,000 50,000 126,378 5,000 5,000 £ 27,385 i .. 50,000 1,500 £ 27,385 50,000 11,272 £ 69,030 47,500 55,585 27,385 24,000 50,000 75,000 69,000 25,000 50,000 25,000 50,000 116,606 5,000 5,000 703,878 78,885 88,657 694,106 * Subject to 20 per cent, interest-tax under Finance Act, 1932-33.

B—lo

PUBLIC SECURITIES HELD BY THE NEW ZEALAND GOVERNMENT INSURANCE DEPARTMENT

3

Particulars of Security. Amount held as at 1 / Purchased or 1 issued 1 in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. j Rate of Interest. 31st March, 1946. or redeemed. 31st March, 1947. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 99 99 • • * * • * * • 99 99 • * * * • • • • 99 99 * * • • ' • 99 99 9 99 * * • ' * * • • 99 99 * * ' * • • • • 99 99 • • • • * • • » 99 99 • * • • • * 99 99 ' • • • • • 99 99 * * • • " J? 9 9 • • ' • * * •• 99 99 ' * • * 5 5 5 J. • * • • • • 15/9/57-60 15/4/49 15/6/55 15/5/52 15/1/57 31/5/58 15/4/60-63 15/7/61-63 1/10/53 1/8/46 1/8/51-54 15/1/59 15/12/53-56 15/2/55-58 15/4/56-59 % H 4 4 4 3-ijf j 4 3 3 i 2J j 2* 3 H 3 3 3 £ 591,785 188,750 49,500 512,390 182,060 90,000 194,410 200,000 92,180 10,000 150,000 50,000 100,000 1,100,000 500,000 £ 188,750 800,000 450,000 £ 188,750 io,ooo £ 591,785 49,500 512,390 182,060 90,000 383,160 200,000 92,180 150,000 50,000 100,000 1,900,000 950,000 Rural Advances Bonds Rural Advances Act, 1926 15/9/47 15/9/47 5* 5* 90,000 86,000 90,000 86,000 Local Authorities' Securities Local authorities' securities .. .. Various Var. 2,911,696 12,000 191,541 2,732,155 Miscellaneous Securities Landed and house property (freehold) Properties acquired on default of mortgagors Mortgages Various / Var. 487,113 21,000 ' 4,406,151 4,974 299 205,154 6,201 13,299 487,437 485,886 8,000 4,123,868 Securities held in London New Zealand consolidated stock 1/9/62-65 3i 782,375 782,375 Total 12,795,410 1,661,177 897,228 13,559,359 * Subject to 20 per cent, interest-tax under Finance Act, 1932-33.

B—lo

PUBLIC SECURITIES HELD BY THE MARKETING DEPARTMENT

4

Particulars of Security. Amount held as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. Maturity Date. 1 Rate of 1 Interest. EXPORT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) „ (stock) Held in London Marketing Emergency Regulations 1942: Shares in U.K.-Dominion Wool Disposals, Ltd. Total INTERNAL MARK! Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) » 99 • • • • • • 99 99 • • • • • • • • )) 99 • • • • • • • • Marketing Emergency Regulations 1942 : Shares in Farm Products Cooperative (Wellington), Ltd. Total .. . . .. .. .. MILK MARKET1 Held in New Zealand Marketing Emergency Regulations 1942 : Shares in dairy company Total .. .. .. .. .. . . i DIVISI&N 10/3/47 10/3/48 15/2/50 15/4/51 15/7/63 STING DIV1 15/6/47-49 15/4/56-59 15/2/49-50 15/7/62-64 NG DIVISK 0/ /o 1 1 2* 2i 3 :sion % 2i 3 2i 3 ON % £ 3,500,000 5,500,000 5,200,000 £ 2,500,000 6,000,000 3,500,000 62 £ 6,000,000 £ 6,000,000 5,500,000 5,200,000 3,500,000 62 14,200,000 12,000,062 6,000,000 20,200,062 £ 1,755 250,000 £ 1,755 250,000 3,100 £ 250,000 £ 1,755 1,755 250,000 3,100 251,755 254,855 250,000 256,610 £ 1 £ 231 £ £ 231 231 231

B—lo

PUBLIC SECURITIES HELD BY MINES DEPARTMENT

PUBLIC SECURITIES HELD BY NATIONAL BROADCASTING SERVICE

5

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, or redeemed'. Amount held as at Nature of Security. Maturity Date. Sate of Interest. 31st March, 1946. 31st March, 1947. Held in New Zealand State Goal-mines Account Mortgages : Housing loans to State coal-miners Mortgages and miscellaneous securities Various 0/ /o Var. £ 62,734 15,183 £ 10,415 5,510 £ 7,313 5,879 * £ 65,836 14,814 Mining Advances Account Mortgages with mining companies 5 14,910 14,910 Mines Department Miscellaneous securities Various Var. 98,325 26,413 2,294 122,444 Total / 191,152 42,338 15,486 218,004

Particulars of Security. Amount held as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. Maturity Date. Bate of Interest. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) „ (stock) Total 10/3/47 10/3/48 15/12/56 15/2/58 15/4/51 0/ /o 1 1 " 3 3 2£ £ 1,600,000 50,000 50,000 250,000 £ 1,600,000 £ 1,600,000 £ 1,600,000 50,000 50,000 250,000 1,950,000 1,600,000 1,600,000 1,950,000

B—lo

PUBLIC SECURITIES HELD BY THE NATIVE TRUSTEE

6

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1946. or redeemed. 31st March, 1947. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 99 99 • • • • • • • • 99 99 99 99 • • 99 99 • • 99 99 • • „ (Treasury bills) 15/2/58 15/4/59 15/9/55 15/5/56 15/12/56 15/7/63 10/3/47 10/3/48 0/ /o 3 3 3 3 3. 3 1 1 £ 5,000 5,000 1,000 2,000 3,830 225,000 £ 120,000 240,000 £ 225,000 £ 5,000 5,000 1,000 2,000 3,830 120,000 240,000 Local Authorities' Securities Local authorities' securities Various H 5,100 5,100 Miscellaneous Securities Advances to farm stations Mortgages „ (special investments) Properties acquired Various H Var. 120,370 358,327 350 16,273 6,037 512 7,364 20,533 113,006 343,831 350 16,785 Total 742,250 366,549 252,897 855,902

B—lo

PUBLIC SECURITIES HELD BY THE POST OFFICE

7

Particulars of Security. Amount held Pllr . h „ apf1 nt . Amount held as at Purchased or SoM ns at Mflturitv -Rate of 31st March, . or redeemed. 31st March, Nature of Security. 7 Interest 1946 " 111 EenewaL 1947. SECURITIES HELD IN RESPECT OF SAVINGS-BANK INVESTMENTS Held in New Zealand % £ £ £ £ State Advances Corporation of New Zealand (stock) .. .. .. 1/9/55 3f 211,510 .. .. 211,510 ...... 1/8/60 3f 1,260,000 .. .. 1,260,000 ...... 1/8/63 3f 660,000 .. .. 660,000 ...... 1/8/71 3 .. 3,600,000 .. 3,600,000 ...... 1/8/72 3| 750,000 .. .. 750,000 ...... 1/8/75 3| 6,500,000 .. .. 6,500,000 New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/4/49-51 2\ 5,000,000 .. .. 5,000,000 15/8/57 2f 38,034,933 .. 34,933 38,000,000 15/7/57 2i 19,900,000 2,000,000 .. 21,900,000 15/10/57 2| 16,438,000 7,600,000 .. 24,038,000 15/9/57 3 19,175,000 745,000 .. 19,920,000 15/8/57 3 1,059,845 .. 1,059,845 15/12/58 3 17,465,643 310,000 5,643 17,770,000 .. 15/6/52-55 4 725,000 30,000 .. 755,000 Total .. .. .. .. .. .. .. .. 127,179,931 14,285,000 1,100,421 140,364,510 WAR GRATUITY POST OFFICE SAVINGS-BANK Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/7/57 18,000,000 1,750,000 7,250,000 12,500,000 Total .. .. .. .. .. .. .. .. 18,000,000 1,750,000 7,250,000 12,500,000

B—lo

Public Securities held by the Post Office— continued

8

Particulars of Security. Amount held as at 31st March, 1916. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. 1 M^ r e ity Bate of Interest. SECURITIES IN RESPECT OF SAYINGS-B, Held in New Zealand 1 . Local Authorities' Securities Local authorities' securities .. .. .. .. .. Various Total Held in London New Zealand Government Securities New Zealand Consolidated stock .. .. .. .. .. 1/9/62-65 Total, securities held in London .. .. ... SECURITIES HELD IN RESPECT OF NATION/ HTrr/n in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/11/58 Total * Includes £126,000 school savings SECURITIES HELD IN RESPECT OF NATIC Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/11/58 Total 4NK IN 0/ /o Yar. 3i \L SAY! 0/ /o 3 funds. )NAL S. 0/ /O 3 'VESTMENTS £ 414,828 1 £ £ 28,065 £ 386,763 414,828 28,065 386,763 2,825,619 2,825,619 2,825,619 2,825,619 [NGS INVES' £ 23,031,000 rMENTS £ 4,250,000 £ £ 27,281,000 23,031,000 4,250,000 27,281,000* AVINGS BOI> £ 12,000,000 JDS £ 50,000 £ 931,000 £ 11,119,000 12,000,000 50,000 931,000 11,119,000

9

B—lo

SECURITIES HELD IN RESPECT OP POST OFPICE INVESTMENT CERTIFICATES Held in New Zealand 1 New Zealand Government Securities Old Issue % £ £ £ £ New Zealand Loans Act, 1932 (stock) 15/6/52-55 4 6,040 6,040 New Issue New Zealand Loans Act, 1932 (stock) 15/6/52-55 4 5,710 5,710 Six-year Currency New Zealand Loans Act, 1932 (stock) 15/6/52-55 4 45,900 30,000 15,900 99 99 15/9/57 3 80,000 80,000 Total 137,650 30,000 107,650 SECURITIES HELD IN RESPECT OF DEP: RECIATION AND ( )THER RES! 2RVE FUND s Held in New Zealand New Zealand Government Securities 0/ /o £ £ £ £ New Zealand Loans Act, 1932 (stock) )) 99 ' ' ' ' * * 15/2/49-50 2i 2,000,000 2,000,000 15/4/49-51 H 250,000 250,000 15/7/57 2i 1,000,000 500,000 500,000 1,000,000 99 99 ** * * ' ' ** 15/8/57 3 271,700 271,700 99 99 ' ' * * * * * * 15/10/57 2i 1,000,000 1,000,000 99 99 * * * * * * * * 15/12/58 3 1,100,000 270,000 1,370,000 15/1/53-57 H 2,783,000 2,783,000 State Advances Corporation of New Zealand (stock) 1/8/63 3| 780,000 780,000 1/8/71 3 500,000 500,000 Total 8,184,700 2,270,000 771,700 9,683,000

B—lo

Public Securities held by the Post Office— continued

10

Particulars of Security. Amount held Amount held as at rurcnaseaor s 0 id. renewed. as at Mnf-nritv Hn+p nf 31st March, . , or redeemed. 31st March, Nature of Security. Date Interest. 1946 ' ln Renewal. 194 7. SUMMARY OF SECURITIES HELD BY THE POST OFFICE Securities held in respect of savings-bank investments — % £ £ £ £ Securities held in New Zealand .. .. .. .. .. Various Yar. 127,179,931 14,285,000 1,100,421 140,364,510 Savings-bank War Gratuities Account .. .. .. .. „ „ 18,000,000 1,750,000 7,250,000 12,500,000 Local authorities' securities .. .. .. .. .. „ „ 414,828 .. 28,065 386,763 Securities held in London .. .. .. .. .. „ „ 2,825,619 .. .. 2,825,619 148,420,378 16,035,000 8,378,486 156,076,892 Securities held in respect of National Savings Investments .. .. „ 23,031,000 4,250,000 .. 27,281,000 Securities held in respect of National Savings Bonds .. .. .. „ „ 12,000,000 50,000 931,000 11,119,000 Securities held in respect of Post Office Investment Certificates .. .. „ „ 137,650 .. 30,000 107,650 Securities held in respect of deipreciation and other reserve funds .. „ „ 8,184,700 2,270,000 771,700 9,683,000 Total .. .. .. .. .. .. .. .. 191,773,728 22,605,000 10,111,186 204,267,542

B —lo

PUBLIC SECURITIES HELD BY THE PUBLIC TRUST OFFICE

11

Particulars of Security. Amount held as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. Maturity Date. Kate of Interest. Held in New Zealand 0/ /o £ £ £ £ Mortgages Various Var. 1 12,577,609 489,186 1,355,559 11,711,236 Local authorities' securities » » 7,138,999 201,324 403,731 6,936,592 New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) 10/3/47 1 300,000 300,000 National Savings Bonds 27/3/47 100 100 28/3/47 100 100 Victory Bonds 15/6/50 3 23 23 New Zealand Loans Act, 1932 (stock certificate) 15/4/50-51 2| 50 50 99 99 ...... 15/4/56-59 3 50 50 „ (stock) 1/8/46 2i 80,420 80,420 99 99 • • • • • • 15/9/47 59,900 " 220 60,120 99 99 • • * * 15/5/48 2i .20,430 50 20,480 99 19 •• • • •• *• 15/6/49 2i 115,770 1,250 117,020 99 99 •• •• •• • • 15/2/50 2i 44,985 380 45,365 99 99 • • • • 15/4/49-51 2i 2,550 2,550 99 99 • • • * * • 15/4/50-51 2i 1,530 30 130 1,430 99 99 • • • • • • * * 1/10/53 21154,115 154,115 99 99 •• *• •* * * 15/9/48 3 4,930 4,930 99 f, •• •• .. .. 1/8/54 3 88,130 550 88,680 99 99 • • • • • • • * 15/9/55 3 77,430 910 78,340 99 99 •• •• •• ** 15/5/56 3 12,290 1,930 14,220 99 99 • • • • * * • * 15/12/56 3 47,085 8,935 56,020 99 99 • * * • * • • • 15/8/57 3 2,411 ,000 150,000 2,561., 000 99 99 * * * * * * * * 15/2/58 3 2,168,385 3,215 900,000 l,27i,600 99 99 • • • • • * • • 15/12/58 3 5,370 2,822,285 5,650 2,822,005 99 99 • • • • 15/4/59 3 401,460 2,950 200,210 204,200 99 99 15/11/60 3 14,660 13,485 28,145 99 99 • • •• •* •• 15/4/63 3 3,258,735 1,321,270 46,425 4,533,580 99 99 •• • • •• ' * 15/7/63 3 2,050,000 2,050,000 99 99 • • * • • ' * • 15/1/59 3-1 688,180 688,180

B—lo

Public Securities held by the Public Trust Office— continued

12

Particulars of Security. Amount held as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March 1947. Nature of Security. I M^™ fcy Bate of Interest. Held in New Zealand —continued New Zealand Government Securities —continued New Zealand Loans Act, 1932 (stock) State Advances Corporation of New Zealand (stock) .. ... Property acquired by foreclosure Advances to protect security Leasehold and freehold property and balance of purchase-money on premises sold Held in London Midland Bank, Ltd. Total 15/9/60 15/1/57 22/5/60 1/4/46 15/9/47 30/11/48 15/4/49 15/5/52 15/6/55 31/5/58 1/9/60 At call % 3i H 3£ 4 4 4 4 4 4 4 3| i i £ 1,367,080 4,039,095 1,850 3,931 1,583,350 248,025 1,369,160 353,585 720,585 385,940 132,800 240,164 45,906 334,884 25,000 £ 3,075 4,290 200 10,055 1,300 1.5,560 5,914 8,937 3i,250 £ 93,800 3,931 i 1,369,160 38,244 21,844 14,222 25,000 12,500 £ 1,370,155 3,949,585 1,850 1,583,350 248,225 353,585 730,640 387,240 132,800 217,480 29,976 329,599 18,750 40,525,541 7,148,651 7,437,079 40,237,113

B—lo

Public Securities held by the Public Trust Office—continued (Included in the foregoing return) Statement of Public Securities held by the Public Trustee in the Dominion oe New Zealand as at 31st March, 1947 Mortgages Common Fund of the Public Trust Office— £ £ Flat mortgages .. .. .. .. .. .. 6,073,517 Instalment mortgages .. .. .. .. .. .. 3,161,973 Public Service Superannuation Fund .. .. .. .. .. 883,131 Teachers' Superannuation Fund .. . . .. .. .. 473,480 Railways Superannuation Fund . . . . .. 259,295 National Provident Fund .. .. .. .. .. 771,254 Land Settlement Finance Act Associations .. .. .. .. 88,586 11,711,236 Local Authorities' Securities Common Fund of the Public Trust Office . . .. .. . . 5,704,291 Public Service Superannuation Fund .. . . .. . . .. 548,523 Teachers' Superannuation Fund .. .. .. .. .. 111,462 Railways Superannuation Fund .. .. .. .. .. 70,783 National Provident Fund .. .. .. .. .. .. 501,533 —— 6,936,592 Government Securities Common Fund of the Public Trust Office .. .. .. .. 7,716,295 Public Service Superannuation Fund .. .. .. .. .. 1,472,285 Teachers' Superannuation Fund .. .. .. .. . . 367,415 Railways Superannuation Fund .. .. .. .. .. 64,535 National Provident Fund .. .. .. .. .. .. 7,690,300 Public Debt Redemption Fund .. .. .. . . 3,549,850 20,860,680 State Advances Corporation of New Zealand Stock Common Fund of the Public Trust Office .. .. . . .. 2,100 Public Service Superannuation Fund .. .. .. . , .. 50,000 Teachers' Superannuation Fund .. .. .. .. 5,700 Railways Superannuation Fund .. .. .. .. .. 25,000 National Provident Fund .. .. .. .. . . .. 50,000 132,800 Properties acquired by Foreclosure Common Fund of the Public Trust Office .. .. .. .. 186,795 Public Service Superannuation Fund .. .. .. .. .. 27,043 Railways Superannuation Fund .. .. .. .. .. 3,600 National Provident Fund .. .. .. .. .. .. 42 217,480 Advances to protect Securities Common Fund of the Public Trust Office .. .. .. .. 29,549 Railways Superannuation Fund .. .. .. .. .. 427 —__ 29,976 Property Titles to freehold and leasehold property and balance purchase-money of premises sold .. 329,599 £40,218,363 Securities held outside New Zealand Fixed Deposit Receipts Midland Bank, Ltd., London .. .. .. .. .. .. £18,750

13

B—lo

PUBLIC SECURITIES HELD BY THE STATE ADVANCES CORPORATION OF NEW ZEALAND HOUSING BRANCH

14

Particulars of Security. Amount held as at 81st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. Maturity Date. Rate of Interest. Held in New Zealand Local authorities' debentures Rural Housing Act, 1939 (debentures) Mortgages and debentures (dairy companies) Total Various Various 0/ /o 3 3 3 £ 590,323 140,672 4,807 £ 337,420 10,765 £ 29,428 15,193 492 £ 898,315 136,244 4,315 735,802 348,185 45,113 1,038,874

B—lo

PUBLIC SECURITIES HELD BY THE STATE FIRE INSURANCE OFFICE

15

Particulars of Security. Amount held •p„,„v, 0£ . 0 /i m Amount held as at Sold, renewed, as at Nature of Security. "gg* Bgecf 31st March, to g£~aL or redeemed. 31st March, I 1 Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/9/60 3J 117,715 .. .. 117,715 15/5/52 4 212,910 .. 212,910 15/4/63 3 68,605 87,970 .. 156,575 15/4/49 4 87,970 .. 87,970 15/6/55 4 15,400 .. I .. 15,400 15/1/57 3i ' 143,000 .. I .. 143,000 ■ „ .. .. .. .. 1/10/53 2f 50,000 .. .. 50,000 .. 15/4/59 3 75,000 .. .. 75,000 1/8/54 3 50,000 .. .. 50,000 15/9/55 3 25,000 .. | .. 25,000 15/12/56 3 50,000 .. i .. 50,000 15/2/58 3 25,000 .. i .. 25,000 (Treasury bills) .. .. .. 10/3/47 1 100,000 .. 100,000 ...... 10/3/48 1 .. 100,000 .. 100,000 Rural Advances Act, 1926 .. .. .. .. .. .. 15/9/47 5* 15,000 .. .. 15,000 Local Authorities' Securities Local authorities' securities .. .. .. .. .. j Various Var. 200,965 2,400 11,334 192,031 Other Securities Masterton Trust Lands Trust debentures under section 70, Local Legisla- 26/1/57 3J 2,200 .. 200 2,000 tion Act, 1936 (Nos. 11-20) j State Advances Corporation of New Zealand (stock) .. .. .. j 1/9/60 3f- 5,000 .. .. 5,000 Fixed deposits (Bank of New Zealand) .. .. .. .. 31/7/46 If- 5,000 1 .. 5,000 30/10/46 If 10,000 .. 10,000 11/11/46 1-| 5,000 .. 5,000 1/3/47 If- 30,000 .. 30,000 31/7/47 if .. 5,000 .. 5,000 30/10/47 | if .. 10,000 .. 10,000 11/11/47 If .. 5,000 .. 5,000 1/3/48 If .. 30,000 .. 30,000 1,293,765 240,370 249,504 1,284,631 Land and house property .. .. .. .. .. .. .. .. 167,339 1,200 24,299 144,240 Total .. .. .. .. .. .. .. .. 1,461,104 241,570 273,803 1,428,871 to 20 per cent, interest-tax under Finance Act, 1932-33.

B—lo

PUBLIC SECURITIES HELD BY THE TREASURY

16

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1946. or redeemed. 31st March, 1947. ORDINARY REVENUE ACCOUNT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) „ (stock) 21/6/46 21/6/47 15/7/57 0/ /o 1 1 2i £ 2,000,000 £ 5,000,000 ! 3,000,000 £ 2,000,000 £ 5,000,000 3,000,000 Held in London Bank of New Zealand (fixed-deposit receipts) Various 1 v 1,031,250 1,031,250 Total 3,031,250 8,000,000 3,031,250 8,000,000 DEPOSITS ACCOUNT Held in New Zealand Finance Act (No. 2), 1939, section 2 (4) : Tasman Airways, Ltd. (£1 shares) Finance Act, 1940, section 15 (1) —New Zealand Woolpack Textiles, Ltd.: Advance on account of shares 0/ £ 60,000 20,000 £ £ £ 60,000 20,000 New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) „ (stock) Investments under Reserve Bank of New Zealand Act, 1933 (without interest) Investment under State Advances Corporation Act, 1934-35, and section 7, State Advances Act, 1936 (without interest) Total .. .. 10/3/47 21/5/47 15/7/57 15/8/57 15/10/57 15/12/58 1 1 H 2i M 3 1,207,000 2,778,800 323,500 861., 965 1,203,325 890,418 2,000,000 1,184,000 1,000 4,623,500 257,985 1,207,000 3,962,800 324,500 323,500 218,955 2,000,000 4,300,000 900,995 1,203,325 890,418 7,345,008 8,066,485 6,036,755 9,374,738

B—lo

2 —B 10

17

BANK OF NEW ZEALAND SHARES ACC< Held in New Zealand % Preference " A " shares : 500,000 £1 Preference " B " shares — 625,000 £1 750,000 £1 " C " shares : 234,375 £1 long-term mortgage shares Ordinary shares acquired in terms of Bank of New Zealand Act, 1945 " D " long-term mortgage shares Total 1 EARTHQUAKE AND WAR DAMAGE FI Held in New Zealand New Zealand Government Securities % New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/8/57 2J Held in London Imperial Funding Loan .. .. .. .. .. .. 15/4/59-69 3 Total .. .. .. .. .. .. •• 1 1 LOANS REDEMPTION ACCOUNT Held in New Zealand New Zealand Government Securities % New Zealand Loans Act, 1932 (Treasury bills) .. .. .. 21/6/46 1 Total RESERVE FUND ACCOUNT Held in London % Imperial Funding Loan .. .. .. .. .. .. 15/4/59-69 3 Imperial War Loan stock .. .. .. .. .. .. 1/12/52 3£ Total .. .. .. .; (a) Cost price, £375,000. (6) Cost price, £9,420,034. (c) Cost price, £689,723. (d) C( DUNT £ 500,000 (a) 625,000 750,000 234,375 2,536,868 348,507 £ 1,192,356 116,783 £ £ 500,000 (a) 625,000 750,000 234,375 (b) 3,729,224 (c) 465,290 4,994,750 1,309,139 6,303,889 JND £ 4,270,000 420,000 £ 517,500 £ ' £ 4,270,000 (d) 937,500 4,690,000 517,500 5,207,500 £ 1,000,000 £ £ 1,000,000 £ 1,000,000 1,000,000 £ 1,795,000 580,000 £ 100,000 £ £ (e) 1,895,000 580,000 2,375,000 100,000 2,475,000 )st price, £980,048. (e) Cost price, £1,924,055.

B—lo

Public Securities held by the Treasury— continued

18

Particulars of Security. Amount held | as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1947. Nature of Security. Maturity Date. Rate of Interest. SOCIAL SEC Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) Held in London Bank of New Zealand (fixed-deposit receipts) Total WAR EXPEN Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Total WORKING RAIl Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Railway Employees' Sick Benefit Fund (invested with Public Trustee) .. Total CJRITY FTO 21/5/47 1/5/46 "SES ACCOt 15/7/57 .WAYS ACC 15/7/57 W °/ /o 1 i INT 0/ /o 2£ JOUNT % £ 812,500 £ 4,000,000 £ 812,500 £ 4,000,000 812,500 4,000,000 812,500 4,000,000 £ 5,518,000 £ £ 5,518,000 £ 5,518,000 5,518,000 £ 3,100,000 6,944 £ 500,000 225 £ 1,600,000 £ 2,000,000 7,169 3,106,944 500,225 1,600,000 2,007,169

B—lo

19

PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT % Held in New Zealand 1 New Zealand Government Securities % £ £ 1 £ £ New Zealand Loans Act, 1932 (Treasury bills) .. .. . > Various 1 98,515,000 98,515,000 (stock) 99 99 • > * * * * 1/4/47 2t 400,000 400,000 15/7/57 2t 14,742,570 14,742,570 99 99 • • • • " • 15/10/57 2i 6,000,000 6,000,000 99 99 • • * • • • 15/5/53-56 3 60,000 60,000 15/2/55-58 3 17,980 17,980 99 99 • • • * • • 15/8/57 3 3,000,000 3,000,000 99 99 15/11/58 3 250,000 250,000 99 99 • • * * * * * * 15/4/60-63 3 141,090 141,090 1 99 99 •• ** •* ** 15/1/56-59 H 71,970 71,970 99 99 • * • • * • ** 15/9/57-60 H 8,045 8,045 99 99 • • * • • • * * 15/1/53-57 H 44,180 44,180 99 99 * * * * • • 15/6/52-55 4 55,000 55,000 „ (debentures) .. 15/6/52-55 4 500 500 „ ' „ .. .. 15/9/47 5 7,150 7,150 „ (National Savings Bonds) 17/3/49 3 (a) 57,000 57,000 „ „ .... 1/6/49 3 (b) 20,000 20,000 State Advances Corporation of New Zealand stock 1/8/71 3 4,100,000 4,100,000 Held in London Bank of New Zealand (fixed-deposit receipts) Various 4,256,250 4,256,250 Total 1 131,746,735 131,746,735 (a) Cost price, £53,687. (b) Cost price, £21,338.

B—lo

Public Securities held by the Treasury— continued

20

Particulars of Security. Amount held as at 31st March, 1946. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March. 1947. Nature of Security. Maturity Date. Bate of Interest. SECURITIES NOT INCLUDED IN INV] Held in New Zealand Local Authorities'' Securities Hutt Road Act, 1915 Other Securities State Advances Corporation stock issued in the name of the Minister of Finance Ditto Agriculture Emergency Powers Act, 1934 : Miscellaneous advances Hawke's Bay Earthquake Act, 1931 : Miscellaneous advances General Purposes Relief Account: Advances Miscellaneous advances — Linen Flax Corporation Act, 1945 : Advance to Linen Flax Corporation New Zealand National Airways Act, 1945 : Advance to New Zealand National Airways Corporation Miscellaneous Shares in British Commonwealth Pacific Airlines, Ltd., acquired in terms of Finance Act, 1946, section 3 Shares in British Petroleum Co. of New Zealand, Ltd., acquired in terms of Finance Act (No. 2), 1946, section 3 Total SSTMENT A 1/4/66 1/8/60 1/8/63 1/8/66 1/8/69 1/8/72 1/8/78 Various Various CCOUN i % 4 3| 3f 3f 3f 3f 3f Var. Var. TS: MISCEL £ 60,000 6,484,850 5,060,000 6,500,000 6,500,000 5,750,000 7,000,000 25,998 462,734 40,902 10,113 LANEOUS £ 6,751 190,000 300,000 12,918 3,000 63,750 £ i ,974 35,524 5,342 4,630 £ 60,000 6,484,850 5,060,000 6,500,000 6,500,000 5,750,000 7,000,000 24,024 427,210 42,311 190,000 300,000 18,401 3,000 63,750 . 37,894,597 576,419 47,470 38,423,546

B—lo

SUMMARY OF PUBLIC SECURITIES HELD BY THE TREASURY

21

Name of Investment Account. Amount held at 31st March, 1946. Purchased or issued in ! Benewal. Sold, renewed, or redeemed. Amount held at 31st March, 1947. Amount held at 31st March, 1947. In New Zealand. In London. 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 Public Account Cash Balance Investment Account Miscellaneous securities not included in investment accounts Total | 3,031,250 7,345,008 4,994,750 4,690,000 1,000,000 2,375,000 812,500 5,518,000 3,106,944 £ 8,000,000 8,066,485 1,309,139 517,500 100,000 4,000,000 500,225 131,746,735 £ 3,031,250 6,036,755 1,000,000 812,500 5,518,000 1,600,000 131,746,735 1 £ 8,000,000 9,374,738 6,303,889 5,207,500 2,475,000 4,000,000 2,007,169 £ 8,000,000 9,374,738 6,303,889 4,270,000 4,000,000 2,007,169 £ 937,500 2,475,000 32,873,452 37,894,597 154,240,084 576,419 149,745,240 47,470 37,368,296 38,423,546 33,955,79 6 38,423,546 3,412,500 70,768,049 154,816,503 149,792,710 75,791,842 72,379,342 3,412,500

B—lo

OTHER SECURITIES

* Most of the Advances under Part I of the Native Land Act, 1931, are secured by statutory charge (vide section 1<? of the Native Land Amendment Act, 1936).

22

Securities. Amount held, at 31st March, 1947. Held in New Zealand Agriculture Department Promissory notes £ 766 Industries and Commerce Department New Zealand Government stock 7,000 Lands and Survey Department Mortgages, &c. 540,228 Native Department *Advances made under Part I and under section 340 of the Native Land Act, 1931, and advances made under section 48 of the Native Land Amendment Act, 1936, and advances under the Native Housing Acts, 1935 and 1938 2,651,528 ■ Public Works Department Main Highways Board agreements for advances Main Highways Board agreements for sale of plant Miscellaneous agreements Soil Conservation and Rivers Control Council agreements for advances Taieri Rivers Trust 24,339 53,794 4,540 73,434 79,800 Rehabilitation Department Various loans made by the State Advances Corporation of New Zealand under the Rehabilitation Act, 1941 3,477,157 Social Security Department Debentures, &c. 137,270 State Forest Service Promissory liotes 109,007 Department of Tourist and Health, Resorts Mortgage 943 7,159,806 i — 1

B—lo

SUMMARY OF SECURITIES HELD BY THE UNDERMENTIONED OFFICES AS ON 31st MARCH, 1947

Approximate Cost of Paper.—Preparation, not given; printing (520 copies), £6O.

By Authority: E. V. Paul, Government Printer, Wellington.—1947.

Price 9d,]

23

-—- Held in Maturity Date. Rate of Interest. Amount held as at 31st March, 1946. Amount held as at 31st j March, 1947. £ £ Government Accident Insurance Dominion .. Various Various 703,878 694,106 Office Government Insurance Office London » » 12,013,035 782,375 12,776,984 782,375 Marketing Department (Export Dominion .. ,, „ 14,200,000 20,200,000 Division) Ditto London , 62 Marketing Department (Internal Dominion .. „ 251,755 256,610 Marketing Division) Marketing Department (Milk Mar- „ 231 keting Division) Mines Department • • >> 191,152 218,004 National Broadcasting Service I 99 • • 99 1,950,000 1,950,000 Native Trustee m 9 9 742,250 855,902 Post Office 99 • • 99 188,948,109 201,441,923 Public Trust Office London 99 2,825,619 2,825,619 Dominion .. London j » 40,500,541 25,000 40,218,363 18,750 State Advances Corporation (HousDominion .. 735,802 1,038,874 ing Branch) State Fire Insurance Office 99 1,461,104 1,428,871 Treasury London » 66,129,299 4,638,750 72,379,342 3,412,500 Miscellaneous .. Dominion .. » » 5,343,546 7,159,806 341,442,215 367,658,322