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B—l [Pt. Ij

1947 NEW ZEALAND

THE PUBLIC ACCOUNTS FOR THE Financial Year 1946-1947 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 .. .. . • . • • • • • .. 28 Other Accounts — Bank op New Zealand Shares Account .. .. .. .. 32 Earthquake and War Damage Fund .. .. .. .. .. 32 Electric Supply Account .... .. .. .. .. 34 Land por Settlements Account .. .. .. .. .. 34 Loans Redemption Account .. .. .. .. .. .. 36 Main Highways Account .. .. .. .. .. .. 40 National Development Loans Account .. .. .. .. 42 Public Debt Repayment Account .. .. .. .. .. 42 Public Works Account .. .. .. .. .. .. 44 Remittances to London Account .. .. .. .. .. 44 Remittances from 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 of Cash and Imprest Balances .. .. .. .. 54 Summary op Investments .. .. .. .. .. .. 55 DEPOSITS ACCOUNT:— Receipts and Disbursements under the Trustee Act, 1908 .. .. .. 56 ISSUES COMPARED WITH THE SUMS VOTED UNDER APPROPRIATION ACT, 1946 58 UNAUTHORIZED EXPENDITURE ACCOUNT:— Consolidated Fund, — Ordinary Revenue Account .. .. .. .. .. .. 61 Electric Supply Account .. .. .. .. .. .. .. 64 Public Works Account .. .. .. .. .. .. .. 64 Social Security Fund .. .. .. .. .. .. .. .. 64 State Coal-mines Account .. .. .. .. .. .. 65 Post Office Account .. .. .. .. .. .. .. .. 65 Sundry Products Account .. .. .. .. .. .. .. 65 Working Railways Account .. .. .. .. .. .. .. 65 Summary .. .. .. .. .. .. .. .. .. 66 THE PUBLIC DEBT : The Public Debt of New Zealand Outstanding on 31st March, 1947 .. .. 67 Statement of Advances by the Reserve Bank to the Government by way of Overdraft Outstanding on 31st March, 1947 .. ' .. .. .. 72 Statement of Transactions in connection with the Public Debt in the Year ended 31st March, 1947 .. .. .. .. .. .. .. .. 73 Statement of Loans guaranteed by the Government .. .. .. .. 74

B—l [Pt. I]

SUMMARY OF THE RECEIPTS AND EXPENDITURE OF THE ORDINARY REVENUE RECEIPTS Taxation — £ s. d. £ s. d. Customs .. .. .. .. 15,718,983 5 5 Beer duty .. .. 4,251,509 4 0 Sales tax .. .. 15,550,546 13 9 Film-hire tax .. .. 134,918 9 5 Highways .. .. .. 2,972,035 18 9 Stamp duty .. .. .. 9,549,709 0 8 Land-tax .. .. .. 939,558 12 1 Income-tax .. .. .. 32,085,057 3 7 National Security Tax .. .. 9,404,220 10 2 Miscellaneous .. .. 108,853 12 3 90,715,392 10 1 Interest recoveries from trading activities, &c. .. .. 4,714,099 12 9 Profits of trading undertakings .. .. .. 1,489,335 16 9 , Departmental receipts .. .. .. .. 11,375,644 14 1 £108,294,472 13 8 £ s. d. Balance Ist April, 1946 .. .. .. .. .. 4,509,939 17 6, Surplus 1946-47 4,611,018 2 11 | £9,120,958 0 5

B—l [Pt. I]

CONSOLIDATED FUND FOR THE YEAR ENDED 31st MARCH, 1947 ACCOUNT EXPENDITURE Permanent appropriations— £ s. d. £ s. d. £ s. d. Civil List 97,082 17 6 Debt services— Interest and management .. 17,766,869 13 2 Repayments .. 4,748,498 17 7 22,515,368 10 9 Other special Acts .. 6,318,259 3 3 — 28,930,710 11 6 Annual appropriations— Social services .. .. .. 35,046,766 14 1 Other votes .. .. .. .. 39,705,977 5 2 74,752,743 19 3 103,683,454 10 9 Surplus .. .. .. .. .. 4,611,018 2 11 £108,294,472 13 8 £ s. d. Balance 31st March, 1947 .. .. .. .. 9,120,958 0 5 £9,120,958 0 5

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947.

* 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 £322,508 14s. sd. f £479,411 15s. of this amount consists of fees, fines, &c., which are not taxation. J Includes taxation previously credited to War Expenses Account.

RECEIPTS £ s. d. £ s. d. £ s. d. Balances at beginning of year— Cash 1,111,635 17 0 Investments 3,031,250 0 0 Imprests outstanding 367,054 0 6 A KAQ QQQ 17 « TAXATION Customs 15,718,983 5 5 Beer duty 4,251,509 4 0 Sales tax 15,550,546 13 9 Film-hire tax 134,918 9 5 Highways 2,972,035 18 9 Stamp and death duties— Adhesive stamps 230,580 13 0 Duty on instruments 600,335 19 4 Estate duty 4,236,612 1 8 Succession duty 1,266,490 15 4 Gift duty 448,573 3 6 Fines and penalties 2,985 16 10 Impressed stamps 293,244 7 4 Licenses to companies 101,818 14 11 Sharebrokers' licenses 1,496 1 0 Duties payable by racing clubs 2,082,253 3 1 Amusements-tax 226,569 8 3 Lottery duty 27,199 14 0 Overseas passenger duty 26,937 17 4 Miscellaneous 2,760 18 1 Receipts under section 4, Mortgagees' Idemnity (Workers' Charges) Act, 1927 1,850 7 0 Q £>zLQ 7HQ A Q v, , / uy u o Land-tax 939,558 12 1 Income-tax 32,085,057 3 7 National Security Tax 9,404,220 10 2 Miscellaneous 108,853 12 3 Total, Taxation 90,715,392 10 1% 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 1945-46 (balance) 100,002 15 2 Year 1946-47: £2,992,899 lis. 7d. Less reduction made in terms of Finance Act, 1930 (No. 2), section 14 : £2,992,899 lis. 7d. 100,002 15 2 Carried forward 100,002 15 2 95,225,332 7 7

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT

*See also £2,502 18s. lid. under " Other Special Acts, Miscellaneous," Appropriation Act, 1926, section 15.

EXPENDITURE PERMANENT APPROPRIATIONS £ s. d. r d m £ a. d. Under Special Acts of the Legislature 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, 1946, to 18th April, 1946 .. 250 0 0 Allowance, 1st April, 1946, to 18th April, 1946 .. 125 0 0* Sir B. C. Freyberg, V.C., K.C.M.G., K.C.B., K.B.E., D.S.O. — Salary, 3rd May, 1946, to 31st March, 1947 .. 4,250 9 0 Allowance, 17th June, 1946, to 31st March, 1947 .. 3,944 8 11* Administrator of the Government:— Rt. Hon. Sir M. Myers, P.C., G.C.M.G., K.C. — Salary, 19th April, 1946, to 17th " June, 1946 409 14 5 Allowance, 19th April, 1946, to 17th June, 1946 .. 409 14 5 9,389 6 9 Pakt II Establishment of the General Government :— Prime Minister, &c., — Right Hon. P. Fraser— Salary, 1st April, 1946, to 31st March, 1947 1,800 0 0 Minister of Finance, &c., — Right Hon. W. Nash — 1 Salary, 1st April, 1946, to 31st March, 1947 1,170 0 0 House allowance, 1st April, 1946, to 31st March, 1947 200 0 0 Minister of Industries and Commerce, &c., — Hon. D. G. Sullivan— Salary, 1st April, 1946, to 31st March, 1947 1,170 0 0 House allowance, 1st April, 1946, to 31st March, 1947 200 0 0 Carried forward 4,540 0 0 9,389 6 9 ••

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 100,002 15 2 95,225,332 7 7 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, 1946, 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 (balance) 411 15 6 Year 1946-47 (on account) . 738,584 4 6 70Q QQft ft ft I OO 5 W\J \J \J Under section 6 of the National Development Loans Act, 1941, as follows, — Electric Supply Account — Year 1946-47 (on account) 750,778 4 11 Housing Account— Year 1946-47 (on account) 302,975 16 0 Housing construction — Year 1946-47 .. 76,760 2 6 T.a.nrl for SpttlpTYipnfsi A fponnt. JLUX kJO U U1U111 Dllto xXl/uUUUU Year 1943-44 (balance) 97,225 8 3 Year 1944-45 312,447 10 6 Year 1945-46 (on account) 200,630 18 9 610,303 17 6 Less reduction made in terms of Finance Act (No. 3), 1943, section 3 385,303 17 6 225,000 0 0 1,355,514 3 5 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 248,607 2 7 State Advances Office 109,687 10 0 358,294 12 7 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) 105,950 17 2 Investments made in respect of the— Ordinary Revenue Account 1,972 12 1 Deposits Account 48,887 9 11 Loans Redemption Account 986 6 0 War Expenses Account 13,677 11 0 Public Account Cash Balance Investment Account 541,611 5 2 Carried forward 1,862,099 15 0 2,552,807 11 2 95,225,332 7 7

b—i [Pt. r]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE Brought forward £ s. 4,540 0 d. 0 £ 9,389 s. d. 6 9 £ s. d. PERMANENT APPROPRIATIONS —ctd. CIVIL LIST —continued Civil List Act, 1920—continued Part II—continued Establishment of the General Government—continued Minister of Education, &c., — Hon. H. G. R. Mason — Salary, 1st April, 1946, to 31st March, 1947.. 1,170 0 0 Minister of Railways, &c., — Hon. R. Semple— Salary, 1st April, 1946, to 31st March, 1947.. House allowance, 1st April, 1946, to 31st March, 1947 1,170 0 200 0 0 0 Minister of Internal Affairs, &c., — Hon. W. E. Parry— Salary, 1st April, 1946, to 31st March, 1947 House allowance, 1st April, 1946, to 31st March, 1947 1,170 0 200 0 0 0 Minister of Labour, &c., — Hon. P. C. WebbSalary, 1st April, 1946, to 19th December, 1946 House allowance, 1st April, 1946, to 19th December, 1946 839 15 143 11 2 0 Postmaster-General, &c., — Hon. F. Hackett — Salary, 19th December, 1946, to 31st March, 1947 . House allowance, 19th December, 1946, to 31st March, 1947 333 17 56 19 10 9 - Minister of Defence, &c., — Hon. F. Jones — Salary, 1st April, 1946, to 31st March, 1947.. 1,170 0 0 Minister of Lands, &c., — Hon. C. F. Skinner — Salary, 1st April, 1946, to 31st March, 1947.. 1,170 0 0 Carried forward 12,164 3 9 9,389 6 9

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1,862,099 15 0 2,552,807 11 2 95,225,332 7 7 INTEREST —continued On other Public Money—continued Am mint 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) 71,892 10 5 Capital moneys received from sale of Crown lands and paid into Land for Settlements Account (section 13, Land Laws Amendment Act, 1926) .. 127,438 19 6 Loan of £400,000 to the Rural Intermediate Credit Board, year ended 30th June, 1946 12,000 0 0 Loans to local bodies under Local Bodies' Loans Act, 1908 23,939 4 2 Loan to Taieri River Trust in terms of section 3, Taieri River Improvement Amendment Act, 1939 2,550 0 0 Loans u&der section 26, Agriculture (Emergency Powers) Act, 1934 1,104 11 4 Capital value Rehabilitation Department Assets 70 14 1 On miscellaneous advances— Native Land Settlement Account — Survey liens 768 13 9 Cook Islands Eruit Account 475 14 6s Niue Island Eruit Account 65 1 2 Eastbourne Borough Council for drainage-works .. 170 12 1 Mines Department for housing loans 41 4 11 Mines Department for various mining enterprises 133 15 10 Catchment Boards 618 8 7 Hospital Boards 2,895 15 10 Land Settlement Associations 5,235 11 6 Lower Clutha River Trust 69 8 11 Maori Land Boards, under section 340 Native Land Act, 1931 15 7 6 Rotorua Golf Club 56 0 8 Small-farm Plan 43,988 17 11 Village-homestead Settlement Scheme 111 18 3 Miscellaneous interest on— Balance of Post Office Savings-bank accounts used by Child Welfare Branch, Education Department .. 2 9 3 Debentures under the Hutt Road Act, 1915 2,400 0 0 Deposits by High Commissioner 43 J4 5 Purchase-moneys in connection with sales of land and buildings— Department of Lands and Survey.. 50 15 3 Public Works Department 188 12 4 Carried forward 2,158,427 17 2 2,552,807 11 2 95,225,332 7 7

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £ s. d, Brought forward 12,164 3 9 9,389 6 9 PERMANENT APPROPRIATIONS —ctd. CIVIL LIST—continued Civil List Act, 1920 —continued Part II—continued Establishment of the General Government—continued Minister of Health, &c., — Hon. A. H. Nordmeyer— Salary, 1st April, 1946, to 31st March, 1947.. 1,170 0 0 Minister of Agriculture, &c., — Hon. B. Roberts — Salary, 1st April, 1946, to 19th December, 1946 839 15 2 House allowance, 1st April, 1946, to 19th December, 1946 143 11 0 Hon. E. L. Cullen—Salary, 19th December, 1946, to 31st March, 1947 333 17 10 House allowance, 19th December, 1946, to 31st March, 1947 56 19 9 Minister of Transport, &c., — Hon. J. O'Brien — Salary, 1st April, 1946, to 31st March, 1947.. 1,170 0 0 Minister of Labour, &c., — Hon. A. McLagan—Salary, 19th December, 1946, to 31st March, 1947 333 7 9 House allowance, 1st April, 1946, to 31st March, 1947 200 0 0 Member of the Executive Council representing the Native Race, — Hon. E. T. Tirikatene— Salary, 1st April, 1946, to 31st March, 1947 990 0 0 House allowance, 1st April, 1946, to 31st March, 1947 200 0 0 Civil List Act, 1920, and Civil List Amendment Act, 1936, Section 6 Parliamentary Under-Secretaries — T. H. McCombs — Salary, 1st April, 1946, to 31st March, 1947 .. 800 0 0 House allowance, 1st April, 1946, to 31st March, 1947 200 0 0 Carried forward 18,601 15 3 9,389 6 9

B—l [Pt. I]'

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 2,158,427 17 2 2,552,807 11 2 95,225,332 7 7 INTEREST —continued On other Public Money—continued Miscellaneous interest on—continued 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 2,864 4 5 2 161 9Q2 1 7 £1 ? 1UI , UiJU 1 i Total, Interest 4,714,099 12 9 OTHER RECEIPTS Profits of trading undertakings— Bank of New Zealand— Dividends received in terms of Finance Act, 1926, section 8 (3) 375,979 7 7 Native Trust Office— One-third of profits credited in terms of section 49, Native Trustee Act, 1930: 1944-45 2,056 3 10 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 1943-44 301,247 18 4 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 1943-44 (on account) 263,033 1 5 Reserve Bank of New Zealand— Profits credited in terms of section 36 (c), Reserve Bank of New Zealand Act, 1933 : for year 1945-46 540,919 18 9 State Advances Corporation— Profits credited in terms of section 41 (1), State Advances Corporation Act, 1936 : for year 1945-46 6,099 6 10 1 4.QQ QQK 1 q -L j TOJ/ ? OOtJ 1U Departmental receipts— Agriculture Department— Meat Act, 1939 61,113 5 6 Contributions from pig and poultry industries 10,564 4 9 Farm areas field crops, seed-testing, &c 59,119 2 4 For services rendered to other Departments 22,781 15 8 Journal of Agriculture 15,076 10 6 Carried forward 168,654 18 9 1,489,335 16 9 99,939,432 0 4

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE Brought forward £ s. d. 18,601 15 3 £ 9,389 s. 6 d. 9 £ s. d. PERMANENT APPROPRIATIONS—ctd. CIVIL LIST—continued Civil List Act, 1920 —continued PART II—continued Parliamentary Under-Secretaries—contd. E. P. Meachen— Salary, 1st April, 1946, to 13th December, 1946 House allowance, 1st April, 1946, to 13th December, 1946 561 140 5 10 6 5 A. G. Osborne — Salary, 1st April, 1946, to 31st March, 1947 .. House allowance, 1st April, 1946, to 31st March, 1947 800 200 0 0 0 0 J. Thorn— Salary, 1st April, 1946, to 13th December, 1946 House allowance, 1st April, 1946, to 13th December, 1946 561 140 5 10 6 5 D. W. Coleman— Salary, 3rd March, 1947, to 31st March, . 1947 House allowance, 3rd March, 1947, to 31st March, 1947 62 15 7 4 11 10 21,082 18 11 Part III Section 16— Salaries, Speakers of both Houses and Chairmen of Committees Allowance to Chairman of Committees of House of Representatives under Finance Act, 1944 (No. 3), section 25 (2) .. 3,050 150 0 0 0 0 Section 17— Salaries, Members of the Legislative Council Salaries, Members of the House of Representatives Allowance to Members of House of Representatives under Finance Act (No. 3), 1944, section 24 (2) 12,400 12 9 30,675 11 10 15,337 15 9 61,614 0 4 Carried forward •• 92,086 6 0 ••

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 168,654 18 9 1,489,335 16 9 99,939,432 0 4 OTHER RECEIPTS—continued Departmental receipts—continued Agriculture Department—continued Recoveries from dairy factories and produce grading 50,477 16 0 Services' vegetable production 129,196 7 9 Stations and farms 15,067 10 7 Te Kauwhata 26,381 12 10 General 72,723 18 10 Air Department 314,926 3 4 Army Department 2,525 9 4 Audit Department 41,542 1 5 Crown Law Office 404 6 0 Customs Department — Expenses of collecting petrol-tax and export levies 20,279 18 11 Customs Act, 1913 13,510 4 0 General 20,809 14 10 Education Department— Section 30 (2), Education Reserves Act, 1928— Transfer from Primary Education Endowments Deposit Account 100,000 0 0 Institutional maintenance fees, sales of produce, recoveries, &c. 31,369 1 1 Examination fees 13,177 15 5 Eire-insurance moneys recovered on account of school buildings 9,478 14 5 General 49,216 7 4 Electoral Department 2,125 18 6 External Affairs Department 18,257 4 0 Printing and Stationery Department .. 496,632 19 7 Census and Statistics Department 309 18 10 Health Department— Nurses and Midwives Registration Act, 1925 .. .. •• 2,441 17 10 Institutional recoveries, Queen Mary Hospital, Hanmer .. 18,411 5 2 Sales of sera, textiles, &c. 83,040 8 1 Local bodies' contributions for sanitary inspection service .. ... 15,575 19 1 Sales of reserve stocks of drugs, &c. .. 52,001 9 3 General.. .. • • i 72,721 11 10 Housing Department— 10,920 9 1 Rents, royalties, &c., from lands General.. .. .. 34 10 1 Industries and Commerce Department — Other salaries and administrative; costs 8,730 18 7 Fees, levies, and sales 8,008 7 3 General.. .. .. f 1,504 13 7 Internal Affairs Department — Auctioneers' licenses 20,141 10 0 Contributions to cost-of-living bonus to annuitants 19,275 10 3 Carried forward 1,909,876 1 10 1 1,489,335 16 9 I 99,939,432 0 4

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 92,086 6 0 PERMANENT APPROPRIATIONS —ctcl. CIVIL LIST—continued Civil List Act, 1920 —continued 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 Cost of portrait busts of eminent Maori leaders 119 0 0 Contribution towards costs of revision of Maori Bible 250 0 0 Contribution towards cost of artificial limbs .. 11 14 2 Contribution towards cost of presentation to eminent Maori leaders 25 0 0 Fares for Natives 83 10 2 Flags for Natives 11 16 6 Food, clothing, &c., supplied to Natives 56 5 10 Funeral and tangi expenses of Natives 148 0 10 Grant for Maori welfare activities 58 0 0 Grants towards costs of improvements to Marae burial-grounds and other tribal property 188 5 0 Maori meeting expenses 410 7 9 Native hostels Or. 28 11 2 Water-supply, Te Hapua 47 19 3 Sundry health and medical expenses .. 15 3 2 A QQ« 11 « 11 O Tot AT TjTCJT Q7 17 A JlUIAJjj viViu j-JJLOJL . • • • V t 9 vOa JL I \J DEBT SERVICES Interest— London 4,544,096 9 8 London (paid in New Zealand) 117,259 16 2 Australia 46,960 0 0 New Zealand 12,850,559 19 8 1 n KKQ QHCK K a 1 X 1 ? tlUU , U 1 U rj u . Amortization of debt— Repayment of the Public Debt Act, 1925, section 11 4,048,498 17 7 Transfer to Loans Redemption AccountPublic Revenues Act, 1926, section 135(4) 700,000 0 0 Administration and management— New Zealand Loans Act, 1932, section 62 (3)— Stamp duty on transfers of New Zealand Consolidated Stock 5,748 15 3 Carried forward 5,748 15 3 22,307,375 3 1 97,082 17 6

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1,909,876 1 10 1,489,335 16, 9 99,939,432 0 4 OTHER RECEIPTS—continued Departmental receipts—continued Internal Affairs Department—continued Deer-destruction 11,951 12 8 Contributions from other Departments to meet increased costs of allowances to superannuitants, widows, and children 11,810 15 2 Recoveries on account of refugees .. 17,375 16 5 Services rendered to other Departments 75,554 13 9 General 67,077 19 6 Island Territories Department— New Zealand Reparation Estates .. 326,198 11 3 Export of bananas from Samoa 94,910 18 5 " Maui Pomare ".. 54,911 8 10 General 196 5 11 Justice and Prisons Department— Births, deaths, and marriages 36,044 1 0 Court fees, fines, and bankruptcy commission 194,298 2 8 Patents, Designs, and Trade-marks Act, 1921-22 .. 18,436 18 6 Receipts from institutional activities 97,708 6 6 General 14,920 3 10 Labour Department— Factories Act, 1946 11,854 0 6 Weights and Measures Act, 1925 10,874 18 1 General 11,797 3 7 Land and Income Tax Department-— Unclaimed moneys under Unclaimed Moneys Act, 1908, section 6 16,643 18 0 General 3,037 0 10 Lands and Survey Department— Rents, royalties, &c., from landsCrown lands 330,103 8 8 Hauraki Plains lands 9,050 17 4 Scenery preservation receipts 630 13 8 Small Farms Scheme 12,680 17 3 Swamp-drainage lands 389 0 9 Hauraki Plains Act, 1926 — Rates 3,519 18 1 Miscellaneous receipts 3,259 1 1 Rangitaiki Land Drainage Act, 1910 — Rates 17,143 0 4 Miscellaneous receipts 6,654 19 3 Swamp Drainage Act, 1915— Rates.. 7,617 9 7 Miscellaneous receipts 1,648 9 10 Managers' salaries, development blocks 29,872 17 7 Administration expenses of sundry accounts 14,290 11 3 Services rendered to Lands and Deeds Department 19,165 19 3 Carried forward 3,441,506 1 2 1,489,335 16 9 99,939,432 0 4

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £ "fe. d. Brought forward 5,748 15 3 22,307,375 3 1 97,082 17 6 PERMANENT APPROPRIATIONS —ctd. DEBT SERVICES—continued Administration and management —contd. New Zealand Loans Act, 1932, section 61: Charges and expenses of raising loans— New issues 92,957 4 3 Issues in renewal and conversion .. 37,852 4 0 New Zealand Loans Act, 1932, section 24 (1)Amount paid to Bank of England for year ended 31st October, 1946, for management of New Zealand Government loans: consolidated stock 30,588 10 9 Amount paid to the Reserve Bank of New Zealand for year ended 31st March, 1947, for management of New Zealand Government loans 40,846 13 5 907 QQ3 7 8 1 , WO i o Total, Debt Services 22,515,368 10 9 OTHER SPECIAL ACTS Highways Transfers to Main Highways Account 2,758,128 3 3 Payments to boroughs, &c. 197,482 18 4 2,955,611 1 7 - Advances to other Governments Finance Act, 1930 (No. 2), section 7— Balances outstanding at 31st March, 1947. £ s. d. 1,459 17 2 Canada.. Cr. 122 12 1 240 5 1 Ceylon 228 10 5 Commonwealth of 36,562 14 5 Australia 9,392 10 3 Federated Malay 6 6 0 States 6 6 0 Cr. 1,589 0 4 Fiji 3,119 5 8 Imperial Govern220,803 11 1 ment .. Cr. 69,515 6 6 964 10 2 India .. 22 0 7 Jamaica Cr. 4 14 6 1 7 Kenya Cr. 168 13 6 Carried forward Gr. 57,042 13 8 2,955,611 1 7 22,612,451 8 3

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 3,441,506 1 2 1,489,335 16 9 99,939,432 0 4 OTHER RECEIPTS —continued Departmental receipts—continued Lands and Survey Department—contd. General 46,835 5 10 Legislative Department 2,217 12 2 Marine Department — Charter of lighthouse tender 8,277 8 0 Inspection of Machinery Act, 1928 .. 25,118 12 2 Rents of foreshores, royalties, &c. .. 2,266 8 4 Sale of oysters 8,932 9 7 Shipping and Seamen Act, 1908 74,739 14 5 Westport Harbour 48,401 7 3 Barque " Pamir " 54,788 1 8 General 33,351 19 10 Mental Hospitals Department — Board of attendants and nurses 56,650 0 0 Sale of farm produce, live-stock, &c... 21,649 16 3 General 16,993 15 5 Mines Department— Rents, royalties, &c., from lands 15,371 4 3 Hire of drills, &c. 200 0 4 Prospecting and search of minerals .. 3,564 19 9 Rescue-station levy 9,957 9 9 General 16,451 9 8 National Employment Service 87,767 16 8 National Provident and Friendly Societies Department 32 4 4 Native Department — Fees collected in stamps under provisions of the Native Land Act, 1931 .. ' 6,248 18 11 Administration expenses — Maori Land Boards 7,846 0 0 Native Trustee 12,200 0 0 General 4,349 0 2 Navy Department 7,008 3 9 Police Department — 3,825 5 0 Arms Act, 1920 Recoveries for services rendered by police 2,334 11 11 General 7,691 3 2 Prime Minister's Department — Sale of photographs and films 5,372 6 8 General 188 6 7 Public Service Commission, Office of the 1,405 0 9 Public Works Department — Farm workers' accommodation 22,891 13 5 Receipts from maintenance of public 2,358,558 16 5 works and services Receipts from Public Works, departmental 491,545 16 11 Receipts from Ministry of Works .. 5,051 15 9 Carried forward 6,911,590 16 3 1,489,335 16 9 99,939,432 0 4

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT — continued

EXPENDITURE Brought forward Cr. £ s. 57,042 13 d. 8 £ 2,955,611 s. 1 d. 7 £ s. d. 22,612,451 8 3 PERMANENT APPROPRIATIONS—ctd. OTHER SPECIAL ACTS —continued, l Advances to other Governments —continued 1 Finance Act, 1930 (No. 2), section 7 —ctd. Balances outstanding at 31st March, 1947. £ s. d. 113 4 10 Palestine Uganda Union of South 3,016 19 5 Africa Tanganyika Cr. 334 8 6 Tonga .. 24,536 10 4 Western Pacific .. Or. Cr. 113 4 309 6 740 8 2 7 2,389 1 10 7 11 6 0 £285,780 11 3 Total, Advances Cr. 54,111 13 0 War Expenses Account War Expenses Act, 1939, section 2 (4) (e) — Transfer to War Expenses Account 3,000,000 0 0 Miscellaneous Appropriation Act, 1925, section 15— Payments to Imperial War Graves Commission 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 Bank of New Zealand Act, 1945, section 7— Costs, charges, and expenses of acquiring Bank of New Zealand shares Bank of New Zealand Act, 1945, section 9— Additional dividend payable to ordinary and " D " long-term mortgage shareholders Finance Act, 1930, section 53 (4), and Finance Act, 1931 (No. 2), section 25 (2) (b) — Land assurance claims admitted and paid Finance Act (No. 3), 1934, section 8— Interest on income-tax paid in advance Finance Act (No. 2), 1935, section 17— Refunds to racing clubs of proportion of totalizator duty Finance Act, 1940, section 11 (1) — Hon. A. McLagan— Salary, 1st April, 1946, to 18th December, 1946 13,391 5 2,502 18 12,583 13 6,800 2 3 13 44,556 4 54,893 11 836 12 0 11 6 10 6 11 6 3 Carried forward 135,568 2 5 5,901,499 8 7 22,612,451 8 3

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 6,911,590 16 3 1,489,335 16 9 99,939,432 0 4 OTHER RECEIPTS—continued Departmental receipts—continued Public Works Department—continued Receipts from water-supply and irrigation schemes 28,544 2 6 Rents of buildings 114,633 17 6 Rents, royalties, &c., from lands .. 491 11 7 General 7,221 8 3 Rehabilitation Department 1,876 14 2 Scientific and Industrial Research partment—Recoveries on account of research .. 49,929 13 2 Recoveries, Dominion Physical Laboratory 19,234 19 11 General 13,278 5 10 Social Security Department— Refunds and recoveries of war and other pensions 12,047 17 5 Recoveries of allowances to evacuees 16,798 19 6 General 4,034 2 7 Stamp Duties Department— Land Registry and Deeds Register Office fees 81,389 7 8 General 645 6 10 Tourist and Health Resorts Department— Tourist and Health Resorts Control Act, 1908 228,557 18 6 General 29,446 13 4 Transport Department— Transport Licensing Act, 1931 67,200 18 7 Services of officers controlling traffic 22,930 8 8 General 1,434 6 4 Treasury Department— Exchange, commission, and discount 89,886 17 8 New Zealand Woolpacks and Textiles, Ltd. : Dividends received in terms of Finance Act, 1940, section 15 .. 15,155 0 0 Unclaimed moneys 9,761 5 2 Stabilization subsidies (including recoveries in respect of expenditure on subsidies previously paid out of War Expenses Account) 3,548,976 4 0 General 26,957 17 3 Valuation Department— Valuation of Land Act, 1925 58,958 5 5 General 14,147 10 11 State Hydro-electric Department 514 5 1 11 fi44- 14- 1* XX UTt IT X Total, Other Receipts 12,864,980 10 10 Total, Revenue • • 108,294,472 13 8 Carried forward 112,804,412 11 2 * Includes amounts previously shown as Cr edits-in-aid.

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £— s. d. Brought forward 135,568 2 5 5,901,499 8 7 22,612,451 8 3 PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS —continued Miscellaneous —continued Finance Act (No. 2), 1942, section 3— Government Railways Superannuation Fund 74,000 0 0 Public Service Superannuation Fund .. 28,000 0 0 Teachers' Superannuation Fund 98,000 0 0 Finance Act (No. 2), 1943, section 24— Superannuation allowance, retired Judge of Compensation Court 500 0 0 Finance Act (No. 2), 1943, section 7— Refund of disbursements made on behalf of diplomatic institutions 147 4 4 Finance Act (No. 2), 1944, section 12 (1) — Salaries, Public Service Commissioner and Assistants, 1st April, 1946, to 6th November, 1946 2,698 9 6 Finance Act, 1946, section 20 — Salary of Controller and Auditor-General 1,500 0 0 Finance Act, 1946, section 19 (1) — Salaries of Judges of the Supreme Court 22,995 16 7 Finance Act, 1946, section 22 (2) — Pay in lieu of accumulated leave 97 18 11 Industrial Conciliation and Arbitration Act, 1925, section 64— Salary, Judge of the Arbitration Court 2,242 1 3 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 2,242 1 4 Judicature Act, 1908, sections 12-14— Superannuation allowances, retired Judges of the Supreme Court 2,902 15 4 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 ") 2,571 18 8 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 3,000 0 0 Carried forward 382,466 8 4 5,901,499 8 7 22,612,451 8 3

B—l [Pp. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 112,804,412 11 2 ' % 'i Carried forward •• 112,804,412 11 2

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 382,466 8 4 5,901,499 8 7 22,612,451 8 3 PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS—continued Miscellaneous—continued Ngaita.hu Claim Settlement Act, 1944, section 2— Annual payment in respect of settlement of claim for £300,000 10,000 0 0 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 .. 3,194 0 0 Public Service Amendment Act, 1946— Section 4—• Salaries of Public Service Commission 1,925 17 5 Section 24 (2) —• Salaries of Assistant Commissioners from 7th November, 1946, to 31st March, 1947 788 0 7 Servicemen's Settlement and Land Sales Act, 1943, section 5— Salary of Judge of Land Sales Court .. 1,718 15 0 Taranaki Maori Claims Settlement Act, 1944, section 2— Annual payment to Taranaki Maori Trust Board .. .. 5,000 0 0 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 1945-46 1,666 13 4 Waikato-Maniapoto Maori Claims Settlement Act, 1946— Tainui Maori Trust Board — Annual payment under section 3 (1) 5,000 0 0 Grant under section 3 (2) (a) 5,000 0 0 Total, Miscellaneous 416,759 14 8 Total, otheb. Special Acts 6,318,259 3 3 Total, Permanent Appropriations .. 28,930,710 11 6 ANNUAL APPROPRIATIONS £ s. d. £ s. d. £ s. d. Legislative 138,675 10 3 Prime Minister's Department 119,262 4 7 External Affairs 395,569 15 2 Finance — Treasury 179,174 10 6 Stabilization 14,539,430 15 3 Customs 247,807 1 6 Land and Income Tax 543,828 5 0 Stamp Duties 148,067 7 10 Atidit 105,961 10 4 1 7R4. 9fiQ 10 Iv,/UTJAUO lu w Carried forward 16,417,777 0 5

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 112,804,412 11 2 Carried forward 112,804,412 11 2

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 16,417,777 0 5 ANNUAL APPROPRIATIONS —continued General Administration— Public Service Commission 41,130 2 1 Internal Affairs 1,154,957 5 10 Island Territories 430,800 17 2 Printing and Stationery 423,959 4 1 Marine 418,526 4 11 Labour 222,882 2 0 Native 429,247 10 7 Valuation 131,975 17 3 Electoral 158,292 8 11 Census and Statistics 137,135 6 6 National Service 618 16 10 National Employment Service 671,018 1 5 Rehabilitation 398,644 13 11 4 619 188 11 fi "jwiu j At_7t_7 JL JL \J Law and Order—Justice and Prisons.. 480,979 7 3 Crown Law 12,661 19 8 Police 1,044,953 3 6 1,538,594 10 5 Defence — Navy 1,309,868 16 3 Army 2,840,749 2 6 Air 2,955,930 3 6 7 106 548 2 1 t _• lV/VyUTU i— *J Maintenance of Public Works and Services 5,281,124 8 8 Development of Primary and Secondary Industries — Lands and Survey 726,342 10 10 Agriculture 1,450,341 13 7 Scientific and Industrial Research 580,882 1 7 Mines 118,232 15 1 Transport 184,455 3 0 Industries and Commerce 513,074 8 2 Tourist and Health Resorts 359,766 15 9 Q33 OQf) 8 0 Carried forward 38,896,328 1 3 ••

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947— continued

RECEIPTS ! £ s. d. j £ s. d. £ s. d. Brought forward 112,804,412 11 2 Finance Act (No. 2), 1939, section 11— Temporary transfer to Social Security Fund repaid I 2,000,000 0 0 Totals £114,804,412 11 2

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT— continued

* Includes certain expenditure previously charged to War Expenses Account. Increased expenditure also reflects the change in accounting procedure whereby expenditure is shown at the gross figure and " Credits-in-aid" are now brought in as Departmental Receipts.

EXPENDITURE Brought forward £ S. d. £ s. 38,896,328 1 d. 3 £ s. d. ANNUAL APPROPRIATIONS —continued Social Services — Health Mental Hospitals Education War and other Pensions Social Security (transfer to Social Security Fund) National Provident and Friendly Societies 3,409,844 1,072,129 7,712,489 4,735,185 18,000,000 117,117 0 15 14 8 0 14 6 6 9 8 0 8 35,046,766 14 809,649 3 1 Unauthorized Expenditure— Services not provided for 11 Total, Annual Appropriations *74,752,743 19 3 Total, Permanent Appropriations .. (from page 23) Total, Expenditure 28,930,710 11 6 £ s. d. £ s. d. £ s. 103,683,454 10 d. 9 Finance Act (No. 2), 1939, section 11— Temporary transfer to Social Security Fund Balances at end of year,— Cash Investments Imprests outstanding— Consolidated Fund— Ordinary Revenue Account — Vote — Stabilization Customs Internal Affairs Island Territories Marine Labour National Employment Service Justice and Prisons Police Lands and Survey .. Agriculture Scientific and Industrial Research Transport Tourist and Health Resorts .. Health Mental Hospitals War and other Pensions General imprest General services 3,354 250 92,400 2,434 331 2,877 1,950 435 58 283 693 15 9,224 3,411 101 78,831 186,359 163,236 10 8 0 5 12 9 11 10 4 19 18 0 5 9 2 5 16 5 1 3 9 0 9 2 0 4 1 2 7 0 5 0 11 6 3 3 0 3 574,701 5 8,000,000 0 546,256 14 9 0 8 2,000,000 0 0 9,120,958 0 5 Totals £114,804,412 11 2

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947—continued

RECEIPTS £ s. d. £_ s. d. Balances at beginning of year— Cash 326,054 12 6 Investments 7,345,008 9 0 Imprests outstanding .. .. .. 143,506 0 2 7,814,569 1 a O Balance on 1st April, 1946. Receipts. £ s. d. £ s. d. Royal New Zealand Air Force 24,146 15 a 15,412 14 8 Anderson Gift Trust Account 691 2 9 250 0 0 Canadian Pensions Account 499 18 6 659 7 8 Canteen Profits 6,482 15 2 4,516 0 0 Commercial Gardens Registration Act, 1943 255 18 0 2,037 12 3 Cook Islands Fruit Account 21,300 10 0 19,633 17 8 Deposits on Contracts 247 10 0 1,477 10 0 Education Reserves Act, 1928 — Sales of Land under Section 27— Primary-education endowments 62,190 8 3 1,626 3 5 Secondary-education endowments — Auckland Provincial District 6,776 0 1 Taranaki Provincial District 264 14 0 5 0 0 Hawke's Bay Provincial District 24 7 2 Otago Provincial District 346 0 0 35 0 0 Westland Provincial District 75 0 0 Primary Education Endowment Deposit Account 109,160 12 10 Secondary Education Endowment Deposit Account— Auckland Provincial District 1,716 19 9 3,741 2 0 Taranaki Provincial District 542 12 6 1,334 9 3 Wellington Provincial District 1,518 4 0 3,161 7 3 Hawke's Bay Provincial District 823 3 4 1,815 2 3 Nelson Provincial District 60 11 6 462 0 8 Marlborough Provincial District 34 19 6 64 6 0 Otago Provincial District 589 17 10 1,556 11 7 General Assembly Library Fund 25 0 0 General Purposes Relief Account 223,5ii 19 4 11,109 5 8 Gold Duty Suspense Account 725 4 0 359 4 4 Greymouth and Hokitika High Schools Acts, 1883.. 78 10 9 241 4 10 Hides Emergency Regulations 9,067 16 10 231,532 15 4 Honey-export Control Act, 1924.. 45 1 9 54 12 8 Hospitals and Charitable Institutions Act, 1926 2,858 17 6 5,697 10 1 Hunter Soldiers' Assistance Trust Account 5,273 3 5 626 11 4 Immigration Restriction Act, 1908 77,360 2 6 5,820 0 0 Imperial Pensions 148,468 9 0 414,168 15 0 Income-tax, Deferred Maintenance 1,151,439 3 2 324,418 19 5 Interest on Cash Balance Investment Account 559,590 14 2 King George V Memorial Fund 100,47i 15 10 3,937 0 7 Land Agents Act, 1921-22 509 9 0 Linen Flax Growers' Insurance Fund 461 5 8 Local Bodies Account — Goldfields revenue 5,045 13 10 12,220 5 5 Gold duty 598 7 11 2,943 12 4 Fees and fines 8,669 10 0 21,615 10 0 Endowments of land 5,372 12 4 4,272 3 10 Carried forward £1,868,469 10 5 £1,765,657 2 6

B—l [Pt. I]

DEPOSITS ACCOUNT

EXPENDITURE N Payments and Balances on Transfers. 31st March, 1947. £ S. d. £ s. d. Royal New Zealand Air Force 703 13 5 38,855 16 6 Anderson Gift Trust Account 135 0 0 806 2 9 ■Canadian Pensions Account 1,159 6 2 Canteen Profits 4,454 18 6 6,543 16 8 Commercial Gardens Registration Act, 1943 1,712 3 3 581 7 0 ■Cook Islands Fruit Account 36,878 7 9 4,055 19 11 Deposits on Contracts 1,297 10 0 427 10 0 Education Reserves Act, 1928— Sales of Land under Section 27— Primary-education endowments 63,816 11 8 Secondary-education endowments — Auckland Provincial District 6,776 0 1 Taranaki Provincial District 269 14 0 Hawke's Bay Provincial District 24 7 2 Otago Provincial District 381 0 0 Westland Provincial District 75 0 0 Primary Education Endowment Deposit Account 104,913 4 10 4,247 8 0 Secondary Education Endowment Deposit Account— Auckland Provincial District 4,108 14 0 1,349 7 9 Taranaki Provincial District 1,262 7 9 614 14 0 Wellington Provincial District 3,161 8 0 1,518 3 3 Hawke's Bay Provincial District 1,781 9 4 856 16 3 Nelson Provincial District 285 3 4 237 8 10 Marlborough Provincial District 65 5 0 34 0 6 Otago Provincial District 1,483 19 7 662 9 10 General Assembly Library Fund 25 0 0 General Purposes Relief Account 6,751 12 11 227,869 12 1 ■Gold Duty Suspense Account 725 4 0 359 4 4 Greymouth and Hokitika High Schools Acts, 1883 207 16 11 111 18 8 Hides Emergency Regulations 150,449 15 1 90,150 17 1 Honey-export Control Act, 1924 96 5 8 3 8 9 Hospitals and Charitable Institutions Act, 1926 7,497 17 2 1,058 10 5 .Hunter Soldiers' Assistance Trust Account 1,040 5 1 4,859 9 8 Immigration Restriction Act, 1908 4,650. 0 0 78,530 2 6 Imperial Pensions 394,741 12 1 167,895 11 11 Income-tax, Deferred Maintenance 96,233 16 9 1,379,624 5 10 Interest on Cash Balance Investment Account 541,611 5 2 17,979 9 0 King George Y Memorial Fund 34,923 15 3 69,485 1 2 Land Agents Act, 1921-22 4 4 0 505 5 0 Linen Flax Growers' Insurance Fund 454 16 1 6 9 7 Local Bodies Account— Goldfields revenue 13,634 15 0 3,631 4 3 Gold duty 3,304 18 11 237 1 4 Fees and fines 19,800 10 0 10,484 10 0 Endowments of land 4,524 6 10 5,120 9 4 Carried forward 1,444,080 7 10 2,190,046 5 1

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1947—continued

RECEIPTS Brought forward Balances on 1st April, 1946. £ S. d. 1,868,469 10 5 £ s. 1,765,657 2 d. 6 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 Rural Reticulation Fund Samoan Notes Security Account Samoan Treasury Account Silver and Bronze Coin Account State Advances Corporation Investment Account Taranaki Scholarships Endowment Account Tobacco Research Association Account Trustee Act, 1908 Unclaimed earnings Unpresented Cheques United States Property Educational and Cultural Fund Victoria College Endowment Deposit Account Wheat Research Levies Wool Industry Act, 1944 452,559 4,697 141 380,910 2,357 8,712 1,312 505 5,511 3,258 11,511 6,705 762 36,756 16 167 21,528 350,000 78,874 1,461 29,568 7 5 8,258 30,463 1,203,325 67,400 336,972 1,989,931 890,418 446 105 8,558 2,495 4,071 *9 6,31.1 19 9 17 6 3 19 12 7 1 7 19 0 0 4 6 10 0 0 3 7 19 5 0 19 10 0 0 13 12 9 1 12 7 14 18 10 0 3 7 0 11 6 11 0 5 5 7 4 0 6 0 3 8 5 0 6 5 7 7 0 10 6 0 0 5 1 0 2 4 2 7 11 0 5 7,252 14 110 6 1,794,780 17 114,720 1 14,791 14 30 0 790 18 217 8 5,867 5 621 8 980 0 1,211 13 289,590 6 47,024 6 685 5 180,707 5 50,000 0 347,901 1 36,446 11 80,208 17 5,785 6 23,118 4 23,433 7 7,000 0 220,839 6 456,500 0 926 4 1,819 2 565 9 3,387 9 7,176 0 1,131,487 11 17 10 4,336 14 18,234 3 0 9 8 0 7 O 11 7 10' 0 0 11 10' 1 4 4 0 f> 9 10 11 4 5 0 2 0 10 8 0 4 67 0 7 8 £7,814,569 1 8 6,644,191 17 5 Balance brought forward 7,814,569 1 8 Totals £14,458,760 19 1

B—l [Pt. I]

DEPOSITS ACCOUNT—continued

EXPENDITURE Payments and Balances on Transfers. 31st March, 1947. £ S. d. £ s. d. Brought forward 1,444,080 7 10 2,190,046 5 1 Marine Insurance (War Risks) Fund 129 4 0 452,430 15 3 Meat Act, 1939 8,820 3 4 3,130 0 3 Mining Act, 1926 146 3 3 106 0 6 Miscellaneous 1,131,169 4 5 1,044,522 0 2 Money-order Settlement Account 22,139 10 5 94,937 14 1 Navy Office Deposit Account 20,330 19 7 3,173 14 11 Nelson Rifle Prize Fund 1,342 12 0 New Zealand Reparation Estates 1,072 10 2 223 16 2 New Zealand University Endowment — Westland .. 5 1 11 5,723 8 1 Niue Island Fruit Account 5,785 4 7 3,340 8 10 North Island Experimental Dairy School 613 16 4 11,519 11 0 Official Assignees' Balances 3,530 0 0 4,155 0 0 Orchard-tax Act, 1927 1,756 13 5 217 1 0 Payments through the High Commissioner 184,581 4 6 141,765 6 4 Promotion of Health Fund .. .. 35,467 7 2 11,573 5 2 Public Service Association Account 747 12 7 105 3 5 Receipts by the High Commissioner fqr Payment in New Zealand 174,770 12 10 27,464 12 11 Receiver-General's Deposit Account 400,000 0 0 Regimental Funds 404,455 2 5 22,320 2 7 Regimental Funds Government Grants Trust Account 1,461 7 5 Remittances from R.N.Z.A.F. Personnel 61,145 11 10 4,839 19 6 Remittances from Soldiers Overseas 78,537 17 7 1,678 5 10 Remittances to Immigrants 5 0 0 Remittances to R.N.Z.A.F. Personnel 12,988 9 11 1,055 16 10 Remittances to Soldiers 44,200 6 4 9,381 8 6 Reserve Bank Investment Account 1,203,325 0 0 Rural Reticulation Fund 34 10 10 23,398 16 7 Samoan Notes Security Account 13,000 0 0 61,400 0 0 Samoan Treasury Account 98,466 5 4 459,345 14 3 Silver and Bronze Coin Account 243,783 5 5 2,202,648 6 8 State Advances Corporation Investment Account 890,418 9 0 Taranaki Scholarships Endowment Account 971 14 0 400 12 0 Tobacco Research Association Account 644 10 0 1,280 5 0 Trustee Act, 1908 1,124 12 8 7,999 3 6 Unclaimed Earnings 3,819 14 0 2,063 9 11 United States Property Educational and Cultural Fund 1,131,487 11 7 Unpresented Cheques 5,645 2 5 5,602 17 0 Victoria College Endowment Deposit Account 19 17 6 7 2 6 Wheat Research Levies 4,335 11 11 1 2 8 Wool Industry Act, 1944 24,545 4 1 4,032,863 12 7 £10,425,897 6 6 Balances at end of year— Cash 682,285 12 2 Investments 9,374,738 9 0 Imprests outstanding 368,873 5 4 10,425,897 6 6 Totals £14,458,760 19 1

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

BANK OF NEW RECEIPTS Balances at beginning of year — Cash Investments £ s. d. 13 13 4 8,898,241 6 8 £ s. d. 8,898,255 0 0 Bank of New Zealand Act, 1945, section 8Stock issued 3,070,985 0 0 Finance Act, 1926, section 8 (3) — Dividends received in terms of Bank of New Zealand Act, 1926, section 13 .. 393,745 1 5 Totals . £12,362,985 1 5 EARTHQUAKE AND WAR Balances at beginning of year— Cash Investments £ s. d. 71,340 8 9 4,690,000 0 0 £ s. d. 4,761,340 8 9 Premiums 402,806 12 8 Interest on investments 89,918 8 2 Miscellaneous receipts 19 18 5 Totals .. £5,254,085 8 0

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947

2—B 1 [Pt. I]

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. £ s. 393,745 1 d. 5 Transfer to Loans Redemption Account for redemption of securities 107 9 t r 6 Balance at end of year— Investments — Shares held as at 1st April, 1946 Shares acquired during the year in terms of Bank of New Zealand Act, 1945 1 8,898,241 3,070,891 6 3 8 10 | 11,969,132 10 A o Totals £12,362,985 1 5 DAMAGE FUND Annual Appropriation — Vote, " Earthquake and War Damage " £ s. d. £ s. 14,097 11 d. 4 Earthquake and War Damage Act, 1944 — Insurance expenditure under section 16 1,775 15 3 Balances at end of year— Cash Investments Imprests outstanding 30,708 12 6 5,207,500 0 0 3 8 11 5,238,212 1 5 Totals £5,254,085 8 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

ELECTRIC SUPPLY RECEIPTS Balance at beginning of year— Cash Transfers from National Development Loans Account State Supply of Electrical Energy Act, 1917, section 8 — Sales of electrical energy Miscellaneous receipts .. Totals £ s. d. 3,058,720 18 6 184,414 12 5 £ s. d. 59,640 4 11 4,000,000 0 0 3,243,135 10 11 £7,302,775 15 10 LAND FOR SETTLEMENTS Balances at beginning of year— Cash .. .. .. .. ....... Imprests outstanding Transfer from National Development Loans Account Sales and capital receipts— Sales of land— Estates and developed areas Land Act, 1924, section 20 : Crown lands Land Act, 1929, section 208 : Capital value of land Repayment of advances Rents and interest— Rents, &c.— Receipts derived from estates and developed areas Interest on advances Sales of produce, live-stock, and miscellaneous receipts Capital receipts : Development of small farms Receipts under Native Housing Act, 1935 Receipts from development schemes — Native Land Settlement Small farms Transfers from Consolidated Fund— Subsidies for development of marginal lands— Native land settlement Small farms development For meeting losses arising from development of land for rehabilitation purposes— Native land settlement Small farms development Miscellaneous receipts ... Carried forward £ s. d. 108,410 7 6 23,358 8 0 £ s. d. 131,768 15 6 1,500,000 0 0 349,689 16 6 384,492 12 2 9,615 10 8 865,327 11 2 40,323 9 5 1,609,557 17 11 652,239 10 0 22,474 9 2 155,334 9 0 163,709 18 5 4,010 12 1 26,634 17 0 376,678 14 8 7,813 17 6 663,386 12 9 946,171 5 2 143,000 0 0 9,239 10 0 50,000 0 0 450,000 0 0 5,565,489 12 6

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

Inset—B 1 [Pt I]

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 Balances at end of year— Cash Imprests outstanding Totals £ s. d. 136,437 9 0 27,216 7 7 £ s. d. 6,007,447 10 5 750,778 4 11 203,098 4 10 30,566 12 9 10,188 17 7 137,042 8 9 163,653 16 7 £7,302,775 15 10 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 Other interest charges— Land Laws Amendment Act, 1926, section 13— Interest on amount paid into Land for Settlements Account as capital proceeds from sales of Crown lands 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 required for the purposes of the Post and Telegraph Department, but no longer required for such purpose Finance Act, 1932 (No. 2), section 6— £ s. d. Payment in respect of land purchased from Internal Marketing Division 150 0 0 Transfer from Crown Lands Account to Land for Settlements Account of value of assets .. .. 1,158 13 0 Transfer from Crown Lands Account to Small Farms Account of the value of Small Farms lands declared Crown lands .. .. 5,237 0 0 £ s. d. 49,233 12 11 3,516,743 16 11 1,046,898 19 11 £ s. d. 4,612,876 9 9 225,000 0 0 127,438 19 6 388 10 4 6,545 13 0 Carried forward 6,934 3 4 4,965,315 9 3

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

LAND FOR SETTLEMENTS RECEIPTS Brought forward Totals £ s. d. £ s. d. 5,565,489 12 6 £5,565,489 12 6 LOANS REDEMPTION Balances at beginning of year — Cash Investments New Zealand Loans Act, 1932— Section 14— Securities issued in conversion of loans— Stock — To mature— 15th September, 1957 15th October, 1957 15th December, 1958 15th July, 1961-63 15th July, 1962-64 Carried forward £ s. d. 94,456 9 10 1,000,000 0 0 £ s. d. 1,094,456 9 10 14,103,295 0 0 745,000 0 0 6,000,000 0 0 3,141,000 0 0 3,105,160 0 0 1,112,135 0 0 •• 15,197,751 9 10

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

ACCOUNT —continued EXPENDITURE Brought forward .. • • Expenditure charged on proceeds of sales of land —continued £ s. d. 6,934 3 4 £ s. d. 4,965,315 9 3 Crown lands : bales under Liana Act, section wnuw. Land Act, 1924, section 20 (3) — Payment in respect of land obtained for Government works now deemed to be Crown lands Land Act, 1924, section 139 — " Thirds " and " fourths " paid to Local Bodies' Deposit Account from proceeds of sales of -Crown lands Land Laws Amendment Act, 1930, section 15 (3) — Land for Settlements Act, 1925, section 49 (1) — Settlement lands converted into ordinary Crown lands Native Purposes Act, 1934, section 3 (2) — Acquisition of Native land Native Purposes Act, 1946, section 14 (2) — Compensation payable to former Native owners (or their successors in title) of Ohinemuri 7a 2 Block and Ohinemuri 16a 2 Block Public Reserves, Domains, and National Parks Act, 1928, section 41 (2) — Improvements and developments of domains from proceeds of sale of land (Hamilton Domain) Finance Act, 1932 (No. 2), section 6— Transfer to Small Farms Account of the value of Crown land utilized for Small Farms purposes Balances at end of year— Cash Imprests outstanding— Vote— £ s - d - Small Farms Development .. 26,126 16 11 Native Land Settlement .. .. 3,496 4 0 2,355 0 0 176 14 8 t 60 0 0 260 10 7 1,070 0 0 775 0 0 11,631 8 7 45,916 19 0 542,625 15 8 513,002 14 9 29,623 0 11 Totals £5,565,489 12 6 ACCOUNT New Zealand Loans Act, 1932 — Section 14— Securities converted — Stock — To mature — 15th July, 1957 15th August, 1957 15th December, 1958 Treasury bills — To mature: Various Carried forward £ s. d. 4,000,000 0 0 7,142,820 0 0 61,955 0 0 £ s. d. 11,204,775 0 0 16,500,000 0 0 27,704,775 0 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1947—continued

RECEIPTS £ s. d. £ s. d. Brought forward | 15,197,751 9 10 New Zealand Loans Act, 1932 —continued Section 14—continued Securities issued in conversion of loans—continued Death duty stock— To mature — 15th July, 1962-64 101,480 0 0 Treasury bills— To mature: Various 13,500,000 0 0 Securities issued in renewal of loans— Stock — To mature— 15th October, 1957 15th July, 1962-64 4,300,000 1,057,645 0 0 0 0 5,357,645 165,465 0 0 0 0 Death duty stock — To mature— 15th July, 1962-64 Treasury bills— To mature: Various 204,008,000 0 0 Section 15— Securities issued in conversion of loans — Stock — To mature : 15th April, 1960-63 6,487,810 0 0 Death duty stock — To mature 15th April, 1960-63 17,955 0 0 Section 40 (6) — Ordinary stock issued in replacement of death-duty stock— To mature: Various 88,510 0 0 Section 57 — Stock issued in exchange for debentures— To mature : Various Stock issued in exchange for death-duty stock — To mature : Various Death duty stock issued in exchange for ordinary stock — To mature : Various Stock issued in exchange for tax-free non-transferable stock— To mature: Various 32,270 268,525 400 4,550 0 0 0 0 0 0 0 0 Public Revenues Act, 1926, section 135— Subsection (2) — Amount received on account of New Zealand's share of German reparations 556 16 5 Carried forward •• 245,230,918 6 3

B—l [Pp. I]

LOANS REDEMPTION ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. Brought forward •• 27,704,775 0 0 New Zealand Loans Act, 1932—continued Section 14—continued Loans renewed at maturityStock — To mature —• 1st August, 1946 3,000,000 0 0 15th September, 1946-48 5,446,255 0 0 8 44.fi 0 0 O 9 TTU MUU V \J Death duty stock— To mature 15th September, 1946-48 76,855 0 0 Treasury bills — To mature : Various 201,008,000 0 0 Section 15— Securities converted — Debentures— To mature 15th April, 1946-49 384,875 0 0 Stock— To mature 15th April, 1946-49 6,102,935 0 0 Death duty stock— To mature 15th April, 1946-49 17,955 0 0 Section 40 (6) — Death duty stock replaced by ordinary stock — To mature: Various 88,510 0 0 Section 57 — Securities exchanged for ordinary stockDebentures — To mature: Various 32,270 0 0 Death duty stockTo mature: Various 268,525 0 0 Tax-free non-transferable stock— To mature : Various 4,550 0 0 Ordinary stock exchanged for death duty stock — To mature : Various •• 400 0 0 Section 58 — Securities redeemed before maturity— Debentures — To mature — 15th September, 1947 7,150 0 0 15th June, 1952-55 500 0 0 7,650 0 0 Stock — To mature — 15th September, 1947 20 0 0 15th June, 1952-55 55,000 0 0 15th May, 1953-56 60,000 0 0 15th December, 1953-56 100 0 0 15th January, 1953-57 44,180 0 0 15th February, 1955-58 117,980 0 0 15th February, 1955-58 (National savings) 356,605 0 0 Carried forward 633,885 0 0 244,143,555 0 0

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

LOANS REDEMPTION RECEIPTS £ s. d. £ s. d. Brought forward 245,230,918 6 3 Public Revenues Act, 1926, section 135 —continued Subsection (4) — Amounts received for redemption of securities from—• Electric Supply Account .. .. .. ... 137,042 8 9 Housing Account 115,000 0 0 Ordinary Revenue Account 700,000 0 0 Reparations World War II, 1939-45 90,845 0 0 Rural Intermediate Credit Amendment Act, 1946, section 6 (3) . . N .. 561,920 0 11 State Coal-mines Account 44,976 0 0 War Expenses Account 3,500,000 0 0 Miscellaneous sources 119 15 1 5,149,903 4 9 Amount received from British Government being applied to redemption of war-loan securities 5,000,000 0 0 Totals £255,380,821 11 0 MAIN HIGHWAYS Balance at beginning of year— £ s. d. £ s. d. Cash 17,793 15 4 Transfers from National Development Loans Account 317,250 0 0 Amount transferred from the Consolidated Fund 2,758,128 3 3 Interest on moneys expended on purchase of plant supplied to local authorities 1,418 18 4 Amounts received from local authorities in respect of advancesRepayment of advances 6,766 11 7 Interest 898 17 2 7,665 8 9 Miscellaneous receipts 144,388 17 0 Totals £3,246,645 2 8

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

ACCOUNT—continued EXPENDITURE £ s. d. £ s. d. Brought forward 633,885 0 0 244,143,555 0 0 New Zealand Loans Act, 1932—continued Section 58—continued Securities redeemed before maturity—continued Stock —continued To mature—continued 15th January, 1956-59 71,970 0 0 15th July, 1957 3,892,570 0 0 15th August, 1957 108,157 14 0 15th September, 1957-60 8,045 0 0 15th November, 1958 (National savings)3,526,769 0 0 15th December, 1958 5,643 7 6 15th April, 1960-63 141,090 0 0 15th July, 1961-63 7,000 0 0 8 WC 130 1 R OjoyOjiou l o Interest-free stock — To mature: Various 4,390 0 0 Tax-free non-transferable stock— To mature 15th November, 1957 100,430 0 0 Securities redeemed at maturity— Stock — To mature — 1st August, 1946 185,010 0 0 15th September, 1946-48 59,860 0 0 94.4. 870 0 0 jOlU U \J Death duty stock — To mature 1st August, 1946 120,360 0 0 Interest-free stock — To mature: Various 332,939 9 3 Interest-free death duty stock— To mature: Various 19,430 0 0 Balance at end of year — Cash 2,019,717 0 3 Totals £255,380,821 11 0 ACCOUNT Annual Appropriation— £ s. d. £ s. d. Vote, " Main Highways " 3,002,766 10 11 Advances to local authorities 7,716 10 0 Payments to local authorities in lieu of special road fees 16,222 7 9 Subsidies to local authorities under Appropriation Act, 1916, section 9 182,089 18 0 Subsidies to local authorities under Municipal Corporations Act, 1933, section 71 .. 34,976 13 10 917 11 in 41 I,UOO 11 1U Balance at end of year— Cash 2,873 2 2 Totals £3,246,645 2 8

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

NATIONAL DEVELOPMENT RECEIPTS New Zealand Loans Act, 1932 — National Development Loans Act, 1941, section 3 — Stock issued Totals £ s. d. £ s. d. 15,600,000 0 0 £15,600,000 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, 1946 .. Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1946 Subsection (b), being 3£ per cent, of the amount of the public debt redeemed to 31st March, 1946 Totals £ s. d. 2,671,484 0 4 172,126 17 2 1,204,888 0 1 £ s. d. 3,351,504 10 8 4,048,498 17 7 £7,400,003 8 3

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

LOANS ACCOUNT EXPENDITURE National Development Loans Act, 1941 — Transfers to- £ s. d. £ s. d. Electric Supply Account 4,000,000 0 0 Land for Settlemsnts Account 1,500,000 0 0 Main Highways Account 317,250 0 0 Public Works Account 7,000,000 0 0 State Coal-mines Account 120,000 0 0 State Forests Account 750,000 0 0 i Working Railways Account 750,000 0 0 Iron and Steel Industry Account 6,000 0 0 Post Office Account 600,000 0 0 15,043,250 0 0 Finance Act, 1946, section 3— Purchase of shares in British Commonwealth Pacific Airlines, Ltd. 3,000 0 0 Finance Act (No. 2), 1946, section 3— Purchase of shares in the British Petroleum Company of New Zealand, Ltd. 63,750 0 0 Linen Flax Corporation Act, 1945, sections 13 and 14— Transfer to Linen Flax Corporation 190,000 0 0 New Zealand National Airways Act, 1945, section 25— Transfer to New Zealand National Airways Corporation 300,000 0 0 Totals £15,600,000 0 0 REPAYMENT ACCOUNT Securities redeemed and cancelled in terms of section 13 of Nominal Value. the Repayment of the Public Debt Act, 1925— New Zealand Loans Act, 1932 — £ s. d. £ s. d. Debentures 333,980 0 0 333,980 0 0 Stock 6,420,368 10 0 6,420,368 10 0 Death duty stock , 415,960 0 0 415,960 0 0 » 7,170,308 10 0 7,170,308 10 0 Balance at end of year— Cash 1 i | 229,694 18 3 Totals £7,400,003 8 3

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. Cash 673 9 11 Imprests outstanding 229,826 2 11 OQA 4.QQ TO 1A j£JOW kA 1U Transfers from National Development Loans Account 7,000,000 0 0 Agriculture (Emergency Powers) Act, 1934, section 26— Repayment of loans 2,132 11 3 Finance Act, 1932.. section 7 (4) — Proceeds from the sale of lands subject to the Hauraki Plains Act, 1926 12,134 2 5 Finance Act, 1932, section 11 (3) (a) — Recoveries of capital moneys expended on railway-line, Petone to Waterloo 15,000 0 0 Adjustments of linen flax processing costs and sale of assets 442,238 4 9 Miscellaneous receipts— Education Department— Education buildings 500,000 0 0 Refund of amounts overclaimed on school buildings 292 19 6 Sale of land and buildings 7,432 11 3 Justice and Prisons Department— Sale of land and buildings 100 0 0 Department of Labour— Recovery of immigration passage-money 17 8 0 Police Department— Sale of land and buildings 861 0 0 Public Works Department— Departmental receipts— Housing construction 763,276 10 1 Irrigation, water-supply, and drainage 190,893 5 0 Lands, miscellaneous Dr. 10 0 Lighthouses and harbour-works 318 15 0 Public buildings .. 274,120 19 10 Railway-construction 50,971 10 2 Roads, &c. 8,885 2 6 Soil conservation and rivers control 74,627 11 11 Instalment on loans to — Eastbourne Borough Council 198 10 3 Lower Clutha River Trust 76 12 10 Sale of land and buildings 3,459 15 8 1,875,532 2 0 Totals £9,577,536 13 3 REMITTANCES TO £ s. d. £ s. d. Amounts credited to New Zealand Public Account, London, - being amounts remitted from Public Account, Wellington 22,355,282 0 1 Totals £22,355,282 0 1

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

3—B 1 [Pt. I]

ACCOUNT EXPENDITURE Annual Appropriations— Vote — Railway-construction Housing Construction Public Buildings Education Buildings Lighthouses and Harbour-works Roads, &c. Soil Conservation and Rivers Control Irrigation, Water-supply, and Drainage Unauthorized Expenditure— Services not provided for Balances at end of year — Cash Imprests outstanding— £ s. d. Vote, " Housing construction " .. 15,087 12 7 General services .. .. 104,694 0 10 £ s. d. 231,272 6 9 6,193,778 10 0 715,889 7 5 992,274 10 6 13,181 8 10 227,426 8 6 270,864 6 11 482,860 12 3 £ s. d. 9,139,978 9 9 437,558 3 6 9,127,547 11 2 12,430 18 7 317,776 10 1 119,781 13 5 Totals £9,577,536 13 3 LONDON ACCOUNT Amounts withdrawn from Public Account, Wellington, for remittance to New Zealand Public Account, London Totals £ s. d. £ s. d. 22,355,282 0 1 £22,355,282 0 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. 7,625,000 0 0 £7,625,000 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. 10,398 6 3 2,375,000 0 0 £ s. d. 2,385,398 6 3 34,496 16 8 68,524 8 1 34 0 2 29,487 4 8 5,009 4.2 0 £2,488,453 11 2 SOCIAL Balances at beginning of yearCash Investments Imprests outstanding Finance Act (No. 2), 1939, 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 Totals £ s. d. 180,405 5 9 812,500 0 0 723,397 5 7 £ s. d. 1,716,302 11 4 • 2,000,000 0 0 22,519,819 7 2 18,000,000 0 0 345 0 8 22,383,884 5 4 15,287 3 2 4,410 8 3 71 9 7 116,166 0 10 £44,236,466 19 2

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

LONDON ACCOUNT EXPENDITURE Amounts withdrawn from New Zealand Public Account, London, for remittance to Public Account, Wellington Totals £ s. d. £ s. d. 7,625,000 0 0 £7,625,000 0 0 ACCOUNT Hawke's Bay earthquake— Administration expenses Balances at end of year— Cash Investments Totals £ s. d. 13,429 4 6 2,475,000 0 0 £ s. d. 24 6 8 2,488,429 4 6 " £2,488,453 11 2 SECURITY FUND Annual appropriations— Vote— Administration expenses and emergency benefits Medical, hospital, &c., benefits Unauthorized Expenditure— Services not provided for Social Security Act, 1938, section 106 (1) — Monetary benefits— Age-benefits Invalids' benefits .. Widows' benefits Sickness benefits Family benefits .. .. .. Miners' benefits Orphans' benefits Maori War benefits Unemployment benefits Universal superannuation Social Security Amendment Act, 1943, section 13 (8) (e) — Payment of balance of maintenance moneys Finance Act (No. 2), 1939, section 11— Temporary transfer from Consolidated Fund repaid Balances at end of year — Cash Investments .. .. .. Imprests outstanding Totals £ s. d. 838,403 14 6 6,211,579 19 10 77 4 11 £ s. d. 7,050,060 19 3 29,775,166 0 5 263 8 8 2,000,000 0 0 5,410,976 10 10 11,881,118 15 10 1,328,485 7 3 1,529,009 10 9 853,328 7 4 12,680,777 19 8 105,416 3 8 22,904 19 3 104 0 0 24,331 18 10 1,349,688 17 10 1,227,836 2 11 4,000,000 0 0 183,140 7 11 £44,236,466 19 2 3*

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. 6,992 14 10 38,842 17 3 £ s. d. 45,835 12 1 120,000 0 0 2,489,765 7 7 16,085 2 6 11,587 14 10 £2,683,273 17 0 STATE FORESTS Balances at beginning of year— Cash Imprests outstanding Transfers from National Development Loans Account State forests revenue Miscellaneous receipts Totals .. .. .. .. £ s. d. 9,910 17 5 18,934 3 9 £ s. d. 28,845 1 2 750,000 0 0 534,574 17 0 55,793 13 11 £1,369,213 12 1

B—l [Pt. I]

ACCOUNTS for the Year ended 31st March, 1947—continued

MINES ACCOUNT EXPENDITURE Annual Appropriation— Vote, " State Coal-mines " Unauthorized Expenditure— Services not provided for .. Transfer to Loans Redemption Account for redemption of securities .. .. .. Balances at end of year — Cash Imprests outstanding Totals £ s. d. 2,594,490 2 0 1,377 9 5 £ s. d. 2,595,867 11 5 44,976 0 0 42,430 5 7 39,664 1 8 2,766 3 11 £2,683,273 17 0 ACCOUNT Annual Appropriation— Vote, " State Forest Service " Payments under section 24 (1) and (2), Finance Act, 1936 .. Balance at end of year— Cash Totals £ s. d. £ s. d. 1,338,677 1 7 3,539 7 4 26,997 3 2 £1,369,213 12 1

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1947— continued

RECEIPTS Balances at beginning of year— £ s. d. £ s. d. Cash 448,404 16 9 Investments 5,518,000 0 0 Imprests outstanding 5,770,988 9 10 11 737 303 ft 1 IXj <0/ 5O1/O u #■ New Zealand Loans Act, 1932 — War Expenses Act, 1939, section 3— Stock issued 20,000 0 0 Interest-free stock issued 100 1*2 6 Stock issued (national savings) 7,944,594 0 0 7 Qfi4 19 f> 4 • t/UT j A.dU V Reciprocal aid-Lend-lease .. ... 1,654,553 17 9 Canadian mutual aid 55,616 3 9 1 710 170 1 ft X 5 1 1U y JL i \J 1 v War Expenses Act, 1939, section 2 (4) (e) — Transfer from Consolidated Fund 3,000,000 0 0 Amount received from U.S.A. Government in reimbursement for war supplies not eligible for reciprocal aid 3,269,203 19 11 Finance Act (No. 2), 1942, section 19 (1) — Transfer of profits from Marketing Pool Accounts 100,854 2 8 Disposal of surplus assets 11,071,364 9 2 Miscellaneous receipts— Navy 989,035 2 4 Army 7,458,652 14 1 Air 2,117,305 18 2 Donations 23,718 0 5 General 195 13 0 Allied military currency issued to 2nd N.Z.E.F. overseas .. 12,152 10 10 Military currency issued to occupation troops, Japan 229,155 6 2 Reverse lend-lease 725,000 0 0 ± ± 9 OUO 9 JUX*J O v Rehabilitation — Repayment of advances 778,903 18 2 Miscellaneous receipts 136,305 10 0 915,209 8 2 Totals £51,324,105 5 6

B—l [Pt. I]

WAR EXPENSES ACCOUNT

EXPENDITURE War Expenses Act, 1939 — £ s. d. £ s. d. Subdivision I: Navy 3,985,961 1 8 Subdivision II: Army 10,546,172 10 2 Subdivision III: Air 2,603,260 2 11 Subdivision IV : Ancillary .. .. .. 5,658,875 14 6 Subdivision V : Rehabilitation .. .. 4,742,478 5 3 Subdivision VI: Reverse Lend-lease 1,249,865 6 2 Subdivision VII: Gratuities 1,776,596 2 7 Gift of food to Britain 1,072,963 18 11 Gift to British. Government as part of cost of World War II .. •- •• 12,500,000 0 0 Allied Military Currency repaid to Allied Financial Agency •• 56,511 1 6 Transfer to Loans Redemption Account for redemption of securities •• 3,500,000 0 0 Balances at end of year — Cash Imprests outstanding 405,757 19 11 3,225,663 1 11 3,631,421 1 10 Totals £51,324,105 5 6

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1947— continued

RECEIPTS Balances at beginning of year — £ s. d. £ s. d. Cash .. . . .. .. .. 113,004 8 6 Investments 3,100,000 0 0 Investments held on behalf of Railway Employees' Sick Benefit Fund 6,943 16 11 Imprests outstanding .. 156,306 18 3 3,376,255 3 8 Transfers from National Development Loans Account 750,000 0 0 Railway revenue 15,164,056 3 6 Stabilization subsidy 264,213 6 10 Interest on investments 52,489 14 6 Railway Employees' Sick Benefit Fund — Subsidy from Working Railways Account 24,580 0 0 Interest on investments 225 12 10 24,805 12 10 Miscellaneous receipts 1,290,399 5 1 Totals £20,922,219 6 5

B—l [Pt. I]

WORKING RAILWAYS ACCOUNT

B. C. Ashwin, Secretary to the Treasury. C. J. Atkin, Accountant to the Treasury. The Treasury, Wellington, 13th June, 1947. The foregoing accounts have been examined and found correct. J. P. Rutherford, Controller and 'Auditor-General. 2nd July, 1947.

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 £1,710,170 Is. 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 •connection with this amount 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.. Improvements and Additions to Open Lines Interest on capital liability (arrears, 1945-46) Subsidy to Railway Employees' Sick Benefit Fund Balances at end of year— Cash .. .. .. .. .. Investments Investments held on behalf of Railway Employees' Sick Benefit Fund Imprests outstanding Totals 1 £ s. d. 17,461,797 4 10 753,672 4 11 £ s. d. 18,215,469 9 9 100,002 15 2 24,580 0 0 2,582,167 1 6 433,523 15 8 2,000,000 0 0 •7,169 9 9 141,473 16 1 £20,922,219 6 5

B—l [Pt. I]

SUMMARY of CASH and IMPREST BALANCES at 31st MARCH, 1947

Account. Cash. Imprests. Total. Consolidated Fund :— Ordinary Revenue Account Deposits Account Earthquake and War Damage Fund Electric Supply Account Land eor 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. 574,701 5 9 682,285 12 2 £ s. d. 546,256 14 8 368,873 5 4 £ s. d. 1,120,958 0 5 1,051,158 17 6 1,256,986 17 11 915,130 0 0 2,172,116 17.11 30,708 12 6 136,437 9 0 513,002 14 9 2,019,717 0 3 2,873 2 2 229,694 18 3 317,776 10 1 13,429 4 6 1,227,836 2 11 39,664 1 8 26,997 3 2 344,478 16 5 405,757 19 11 433,523 15 8 3 8 11 27,216 7 7 29,623 0 11 119,78i 13 5 183,140 7 11 2,766 3 11 3,225,663 1 11 141,473 16 1 30,712 1 5 163,653 16 7 542,625 15 » 2,019,717 0 a 2,873 2 2. 229,694 18 & 437,558 3 6 13.429 4 6 1,410,976 10 1042.430 5 7 26,997 3 2 344,478 16 5 3,631,421 1 10574,997 11 9 6,998,884 9 2 4,644,798 0 8 11,643,682 9 10>

B—l [Pt. I]

SUMMARY of INVESTMENTS held at 31st MARCH, 1947

* Against these Investments there is a Loan Liability of £25,470,995 corresponding to the amount of Investments in Government Securities, and in Bank of New Zealand Shares Account, a Loan Liability of £8,045,165 represented by Stock issued.

Account. Government Securities. Other Securities. Total Investments. CONSOLIDATED FUND : Ordinary Revenue Account Deposits Account Bank of New Zealand Shabes Account Earthquake and War Damage Fund .. Reserve Fund Account Social Security Fund Working Railways Account Totals .. .. £ s. d. 8,000,000 0 0 7,200,995 0 0 £ s. d. 2,173,743 9 0 £ s. d 8,000,000 0 0 9,374,738 9 0 15,200,995 0 0 2,173,743 9 0 17,374,738 9 0 4,270,000 0 0 4,000,000 0 0 2,000,000 0 0 11,969,132 10 6 937,500 0 0 2,475,000 0 0 7,169 9 9 11,969,132 10 6 5,207,500 0 0 2,475,000 0 0 4,000,000 0 0 2,007,169 9 9 25,470,995 0 0 17,562,545 9 3 *43,033,540 9 3

B—l [Pt. I]

PUBLIC ACCOUNTS, 1946-1947

STATEMENT of RECEIPTS and DISBURSEMENTS under the Trustee Act, 1908, to the 31st March, 1947, with Particulars of the BALANCE at CREDIT

RECEIPTS £ s. d. £ s. d. 1946 Balance on 1st April, 1946 8,558 7 2 Estate of— 25 June .. William Seyb 21 4 11 18 Sept. .. Edward John Samuel 152 9 6 22 Nov. .. John Atkinson 131 5 3 17 Dec. .. John Atkinson 6 0 0 1947 6 Feb. .. John Atkinson 10 12 6 14 Mar. .. A. A. Mclntyre 50 0 0 B. Foster 20 5 7 24 Mar. .. John Atkinson .. .. . • 3 0 0 Hannah Isabelle Parker 170 11 3 565 9 O A Total £9,123 16 2

B—l [Pt. 1]

PUBLIC ACCOUNTS, 1946-1947

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

DISBURSEMENTS 1947 £ s. d. £ s. d. 5 June Estate of Michael McKey 1,124 12 8 Balances on 31st March, 1947— 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 Francis Humphreys Heighway 46 12 5 George Moore 2,414 0 0 Richard Gal way 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 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 Duncan McLean 168 0 11 John Stephen Barrett 20 18 5 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 William Seyb 21 4 11 Edward John Samuel .. 152 9 6 John Atkinson 150 17 9 A. A. Mclntyre 50 0 0 B. Foster .. 20 5 7 Hannah Isabelle Parker 170 11 3 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 7,999 3 6 Total £9,123 16 2

B—l [PT. I]

PUBLIC ACCOUNTS, 1946-1947

STATEMENT showing the AMOUNTS appropriated under the Appropriation Act, 1946, and the ISSUES in respect thereof from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1947.

(Under Section 86 of the Public Revenues Act, 1926) Balances 1 (+ means Amount r—\ <D Account and Vote. Annual Vote. Expenditure. issued in Excess ; ■g — means Amount unissued). Ordinary Revenue Account £ S. V d. £ s. d. £ s. d. 1 Legislative 141,297 0 0 138,675 10 3 - 2,621 9 9 2 Prime Minister's Department 146,729 0 0 119,262 4 7 —27,466 15 5 3 External Affairs 432,700 0 0 395,569 15 2 -37,130 4 10 4 Treasury 193,439 0 0 179,174 10 6 -14,264 9 6 5 Stabilization 13,789,427 0 0 14,539,430 15 3 + 750,003 15 3 6 Customs 250,395 0 0 247,807 1 6 -2,587 18 6 7 Land and Income Tax 560,790 0 0 543,828 5 0 • -16,961 15 0 8 Stamp Duties 155,619 0 0 148,067 7 10 —7,551 12 2 9 Audit 109,868 0 0 105,961 10 4 -3,906 9 8 10 Public Service Commission 41,760 0 0 41,130 2 1 -629 17 11 11 Internal Affairs 1,151,925 0 0 1,154,957 5 10 + 3,032 5 10 12 Island Territories 454,400 0 0 430,800 17 2 -23,599 2 10 13 Printing and Stationery 431,685 0 0 423,959 4 1 -7,725 15 11 14 Marine 403,147 0 0 418,526 4 11 + 15,379 4 11 15 Labour 266,820 0 0 222,882 2 0 -43,937 18 0 16 Native 478,398 0 0 429,247 10 7 -49,150 9 5 17 Valuation 144,806 0 0 131,975 17 3 -12,830 2 9 18 Electoral 148,853 0 0 158,292 8 11 + 9,439 8 11 19 Census and Statistics 159,000 0 0 137,135 6 6 -21,864 13 6 20 National Service 2,844 0 0 618 16 10 -2,225 3 2 21 National Employment Service 616,477 0 0 671,018 1 5 +54,541 1 5 22 Rehabilitation 434,633 0 0 398,644 13 11 -35,988 6 1 23 Justice and Prisons 469,075 0 0 480,979 7 3 + 11,904 7 3 24 Crown Law 12,071 0 0 12,661 19 8 + 590 19 8 25 Police 1,115,079 0 0 1,044,953 3 6 -70,125 16 6 26 Navy 1,207,664 0 0 1,309,868 16 3 + 102,204 16 3 27 Army 2,861,650 0 0 2,840,749 2 6 -20,900 17 6 28 Air 3,832,995 0 0 2,955,930 3 6 -877,064 16. 6 29 Maintenance of Public Works and Services 5,094,175 0 0 5,281,124 8 8 + 186,949 8 8 30 Lands and Survey 820,927 0 0 726,342 10 10 -94,584 9 2 31 Agriculture 1,803,979 0 0 1,450,341 13 7 -353,637 6 5 32 Scientific and Industrial Research .. 691,513 0 0 580,882 1 7 -110,630 18 5 33 Mines 136,345 0 0 118,232 15 1 -18,112 4 11 34 Transport 191,552 0 0 184,455 3 0 -7,096 17 0 35 Industries and Commerce 664,116 0 0 513,074 8 2 -151,041 11 10 36 Tourist and Health Resorts 389,110 0 0 359,766 15 9 -29,343 4 3 37 Health 3,379,521 0 0 3,409,844 0 6 +30,323 0 6 38 Mental Hospitals 1,091,337 0 0 1,072,129 15 6 -19,207 4 6 39 Education 7,724,677 0 0 7,712,489 14 9 -12,187 5 3 40 War and other Pensions 4,867,855 0 0 4,735,185 8 8 -132,669 11 4 41 Social Security 18,000,000 0 0 18,000,000 0 0 42 National Provident and Friendly Societies 119,053 0 0 117,117 14 8 -1,935 5 4 Services not pro- £ s. d. vided for .. 998,857 5 10 Less amounts recovered or transferred to votes .. 189,208 1 11 809,649 3 11 Totals 74,987,706 0 0 74,752,743 19 3

. B—l [Pt. I]

PUBLIC ACCOUNTS, 1946-1947

STATEMENT showing the AMOUNTS appropriated under the Appropriation Act, 1946, and the ISSUES in respect thereof from the SEPARATE ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1947.

(Under Section 86 of the Public Revenues Act, 1926) o t> Account and Vote. Annual Vote. Expenditure. Balances (+ means Amount issued in Excess ; — means Amount unissued). 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Earthquake and War Damage Fund Earthquake and War Damage Electric Supply Account Electric Supply Land for Settlements Account Land for Settlements Small Farms Development Native Land Settlement Totals Main Highways Account Main Highways .. .. Public Works Account Railway-construction Housing Construction Public Buildings Education Buildings Lighthouses and Harbour-works Roads, &c. Soil Conservation and Rivers Control Irrigation, Water-supply, and Drainage Services not provided for Totals Social Security Fund Administration Expenses and Emergency Benefits Medical, Hospital, &c., Benefits Services not provided for Totals State Coal-mines Account State Coal-mines Services not provided for Totals State Forest Service State Forest Service Working Railways Account Working Railways Improvements and Additions to Open Lines Totals £ s. d. 15,050 0 0 £ s. d. 14,097 11 4 £ s. d. -952 8 8 6,000,000 0 0 6,007,447 10 5 + 7,447 10 5 73,310 0 0 5,858,700 0 0 1,250,000 0 0 49,233 12 11 3,516,743 16 11 1,046,898 19 11 -24,076 7 1 -2,341,956 3 1 -203,101 0 1 7,182,010 0 0 4,612,876 9 9 3,500,000 0 0 3,002,766 10 11 -497,233 9 1 400,000 0 0 7,833,900 0 0 800 000 0 0 1,250,000 0 0 40,000 0 0 350,000 0 0 450,000 0 0 700,000 0 0 231,272 6 9 6,193,778 10 0 715,889 7 5 992,274 10 6 13,181 8 10 227,426 8 6 270,864 6 11 482,860 12 3 12,430 18 7 -168,727 13 3 -1,640,121 10 0 -84,110 12 7 -257,725 9 6 -26,818 11 2 -122,573 11 6 -179,135 13 1 -217,139 7 9 11,823,900 0 0 9,139,978 9 9 •• 860,877 0 0 5,826,000 0 0 838,403 14 6 6,211,579 19 10 77 4 11 -22,473 5 6 + 385,579 19 10 6,686,877 0 0 7,050,060 19 3 2,955,030 0 0 2,594,490 2 0 1,377 9 5 -360,539 18 0 2,955,030 0 0 2,595,867 11 5 -360,539 18 0 1,455,900 0 0 1,338,677 1 7 -117,222 18 5 17,461,797 4 10* 1,172,000 0 0 17,461,797 4 10 753,672 4 11 -418,327 15 1 18,633,797 4 10 18,215,469 9 9 •• * Includes £96,506 4s. lOd. additional amount appropriated in terms of section 50 of the Public Revenues Act, 1926.

B—l [Pt. I]

PUBLIC ACCOUNTS, 1946-1947

STATEMENT showing the AMOUNTS appropriated under the Appropriation Act, 1946, and the ISSUES in respect thereof from ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT for the FINANCIAL YEAR ended 31st March, 1947.

Examined and found correct. J. P. Rutherford, Controller and Auditor-General. 2nd July, 1947.

B. C. Ashwin, Secretary to the Treasury. C. J. Atkin, Accountant to the Treasury. The Treasury, Wellington, 13th June, 1947.

(Under Section 86 of the Public Revenues Act, 1926) © > Account and Vote. Annual Vote. Expenditure. Balances (+ means Amount issued in excess; — means Amount unissued). 63 64 65 66 67 68 69 70 71 71 71 72 73 74 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 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 Internal Marketing Account Internal Marketing Broadcasting Account Broadcasting Iron and Steel Industry Account Iron and Steel Industry £ s. d. 7,370,395 0 0 1,069,600 0 0 £ s. d. 7,122,942 11 7 1,218,510 11 8 445 11 2 £ s. d. -247,452 8 5 + 148,910 11 8 8,439,995 0 0 8,341,898 14 5 529,194 0 0 507,342 16 2 -21,851 3 10 19,555 0 0 17,591 10 10 -1,963 9 2 259,185 0 0 229,167 10 0 -30,017 10 0 8,800 0 0 7,674 8 0 -1,125 12 0 124,539 0 0 113,008 6 8 -11,530 13 4 71,570 0 0 70,547 5 5 -1,022 14 7 42,060 0 0 41,712 4 9 -347 15 3 50,800 0 0 48,711 12 7 -2,088 7 5 14,200 0 0 16,591 0 10 +2,391 0 10 146,025 0 0 110,469 9 3 -35,555 10 9 507,940 0 0 460,190 9 8 -47,749 10 4 8,651 0 0 7,505 13 8 -1,145 6 4

B—l [Pt. I]

PUBLIC ACCOUNTS, 1946-1947

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1947

(Under Section 58 of the Public Revenues Act, 1926) £ s. d. £ s. d. £ s. d. CONSOLIDATED FUND Ordinary Revenue Account FOE SERVICES NOT PROVIDED FOR ,Agriculture Department:— Advance to Veterinary Services Council under section 20 of the Veterinary Services Act, 1946 Fares and incidental expenses of Mrs. E. J. Fawcett accompanying her husband on official duty overseas .. Milk Marketing Division — Payment of additional costs incurred by milk supply associations or dairy companies in making emergency supplies of milk available in drought areas Part cost of establishing a temporary milk-balancing station at Hamilton 4,000 184 1,673 498 0 16 7 8 0 3 11 0 6,356 12 2 Army Department:— Grant to National Rifle Association for expenses of meeting at Trentham .. 1,000 0 0 •Customs Department:— Expenses of delegates to the inter-Com-monwealth and International Talks on Trade and Employment Expenses of delegate to Preparatory Committee of the Economic and Social Council on Trade and Employment Fares and incidental expenses of officer transferred to London Refunds of sales tax paid in error 770 1,036 238 925 11 8 18 9 0 7 1 0 2,971 6 c O Education Department:— Grant to Wellington College and Girls' High School Board to cover legal expenses in the case of McLean v. Wellington College Board of Governors 88 16 5 Health Department:— Grant to assist establish the Wellington Hospital Nurses' Convalescent Home and Beach Cottage, Plimmerton 2,000 0 0 Carried forward •• 12,416 15 3

B—l [Pt. I]

PUBLIC ACCOUNTS, 1946-1947

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

£ s. d. £ s. d. £ s. d Brought forward 12,416 15 3 CONSOLIDATED FUND—continued Ordinary Revenue Account —continued FOR SERVICES NOT PROVIDED FOR—continued Internal Affairs Department:— Grant to K. J. Holyoake, M.P., for out-of-pocket expenses as representative attending Parliamentary Conference at Bermuda 35 0 0 Special grant to the Boy Scouts Association for Lone Scout activities 1,000 0 0 Additional expenditure in connection with purchase of camping equipment for the use of His Excellency the Governor-General 40 0 0 Purchase of motor-vehicle 255 18 4 1,330 18 4 Justice and Prisons Department:— Allowance to Prison officers not occupying departmental cottages 20 16 10 Land and Income Tax Department:— Salaries in advance of officers proceeding on annual leave 107 11 11 Lands and Survey Department:— Expenses of visit by Professor E. R. Hudson, Lincoln College, to development blocks 14 18 0 Transfer to Land for Settlements Account on account of ascertained and anticipated losses on developing land for rehabilitation purposes 500,000 0 0 500 014 18 0 Legislative Department Compassionate grant to the widow of a deceased officer 90 0 0 Marine Department:— Cost of chartering vessel to relieve fodder 64,218 6 11 shortage in North Auckland Mental Hospitals Department:— Cost of repairs to private vehicles damaged in accidents with departmental vehicles 157 6 0 Carried forward 578,356 13 3

B—l [Pt. I]

PUBLIC ACCOUNTS,

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. d. £ s. d. 578,356 13 3 £ s. d CONSOLIDATED FUND—continued Ordinary Revenue Account—continued FOR SERVICES NOT PROVIDED FOR—continued Prime Minister's Department:— Cost of printing ten thousand copies of " Introduction to New Zealand " .. Cost of screen advertising for " More Production " campaign 4,119 \ 5,021 1 9 1 8 9,140 10 9 Printing and Stationery Department:— Compassionate grant to officer injured at work 470 15 8 Public Works Department:— Compensation in respect of injuries received by a child visiting the excavating tower at Otaki Medical and funeral expenses of officers killed in aircraft accident Payment for loss of draught horse which fell into drain on departmental property 350 99 10 0 14 0 0 9 0 459 14 9 Stamp Duties Department:— Refund of overpayment of duty 365 14 11 Tourist and Health Resorts Department:— Amount paid for the purchase and maintenance of Wairakei Hotel 50,328 8 8 Treasury Department:— Additional grant to the Teachers' Superannuation Fund Compassionate grant to the widow of a deceased officer Grant in lieu of refund of petrol-tax to Patea County Council Payment to the Bank of New Zealand being accrued dividends due to the Crown, to be utilized by the bank to make payments to the legal representatives of shareholders concerned Retaining-fee for artist employed by the Economic Information Service Salaries in advance of officers proceeding on annual leave 170,000 233 56 102 100 14 0 6 7 10 0 15 0 8 6 10 0 11 170,507 0 11 Carried forward 809,628 18 11

B—l [Pt. I]

PUBLIC ACCOUNTS, 1946^1947

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT —continued

Brought forward £ s. d. £ s. d. 809,628 18 11 £ s. d. CONSOLIDATED FUND—continued Ordinary Revenue Account —continued FOR SERVICES NOT PROVIDED FOR —continued Valuation Department:— Payment to estates of deceased officers of monetary equivalent of leave due at date of death .. 20 5 0 FOR SERVICES IN EXCESS OF VOTES Vote 5—Stabilization .. Vote 11—Internal Affairs Vote 14—Marine Vote 18—Electoral Vote 21—National Employment Service Vote 23—Justice and Prisons Vote 24—Crown Law Vote 26—Navy Vote 29 —Maintenance of Public Works and Services Vote 37—Health 750,003 3,032 15,379 9,439 54,541 11,904 590 102,204 186,949 30,323 15 5 4 8 1 7 19 16 8 0 3 10 11 11 5 3 8 3 8 6 809,649 3 1,164,368 8 11 g 1,974,017 12 7 SEPARATE ACCOUNTS Electric Supply Account FOR SERVICES IN EXCESS OF VOTE Vote 44—Electric Supply 7,447 10 5 Public Works Account FOR SERVICES NOT PROVIDED FOR Cost of alterations to provide temporary accommodation for School of Architecture, Auckland University College .. Purchase in the Hutt Valley of land required for better utilization 177 5 12,253 13 7 0 12,430 18 7 Social Security Fund FOR SERVICES NOT PROVIDED FOR Cost of repairs to a private car damaged in an accident with a departmental car .. Payment to the Post and Telegraph Department, being reimbursement for theft by burglary from postal packets 39 37 8 16 0 11 77 4 11 Carried forward •• 77 4 11 1,993,896 1 7

B—l [Pt. IJ

PUBLIC ACCOUNTS, 1946-1947

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

£ s. d. 1 £ s. d. £ S. dr Brought forward 77 4 11 1,993,896 1 T SEPARATE ACCOUNTS —continued Social Security Fund —continued FOR SERVICES IN EXCESS OF VOTE Vote 58—Medical, Hospital, &c., Benefits 385,579 19 10 385,657 4 9" State Coal-mines Account FOR SERVICES NOT PROVIDED FOR Advance to purchase a motor-truck for the purpose of carting timber used in mining operations 1,000 0 0 Compassionate grant to the widow of a deceased officer 90 2 .5 Part cost, visit of State Coal-mines officials to Australia in connection with proposed mechanization of State coal-mines 57 0 0 Purchase of section and garage at Huntly 230 7 0 1,377 9 5 ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT Post Office Account FOR SERVICES NOT PROVIDED FOR Compensation paid in connection with purchase of site for a new post-office building at Pukekohe 295 0 0 Department's contribution in respect of an ex gratia payment made by the Wellington City Council to a telephone user who was injured while leaving the booth 45 0 0 Ex gratia payment, being refund of cash deficiency 8 10 2 Funeral expenses of deceased officers 97 1 0 AAK 11 O 11 A FOR SERVICES IN EXCESS OF VOTE Vote 64—Telegraph Extension 148,910 11 8 149,356 2 10 Sundry Products Account 1 FOR SERVICES IN EXCESS OF VOTE Vote 71—Export Marketing 2,391 0 10 Total £2,532,677 19 5

B—l [Pi. 1]

PUBLIC ACCOUNTS, 1946-1947

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

B. C. Ashwin, Secretary to the Treasury. C. J. Atkin, Accountant to the Treasury. The Treasury, Wellington, 13th June, 1947.

Examined and found correct. J. P. Rutherford, Controller and Auditor-General. 2nd July, 1947.

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 Unauthorized Authority. Amount expended. £ s. d. 100,000 0 0 500,000 0 0 £ s. d. 2,532/677 19 5 600,000 0 0 2,532,677 19 5

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, 1947

Domicile of Principal. Interest Charge. Amount, in New Zealand Currency. London Debt, in Due Date. <a3 Interest in Remarks. Sterling. 03 New Zealand New Zealand. Australia. London. Currency. £ s. d. £ £ s. d. £ s. d. % £ 15,485 0 0 ., Various Unpresented or subject to conversion under New Zealand Debt Conversion Act. 15 June, 1947 Option to repay £7,132,070 maturing 15th June, 1949. 4,767,780 0 0 15 Sept., 1947 2f 119,195 2,150,700 0 0 15 Sept., 1947 4 86,028 1,091,550 0 0 82 j300 150,000 0 0 120,000 0 0 15 Sep;;., 1947 5 66,193 , , 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. 3,765,135 0 0 , , ., 15 May, 1948 n 94,128 3,493,130 0 0 30 Nov., 1948 4 139,725 . , . , .. 1 Feb., 1949 Option to repay £9,153,223 15s. maturing 1st February, 1954. 15 Feb., 1949 Option to repay £11,732,250 maturing 15th February, 1950. 15 April, 1949 Option to repay £5,701,605 maturing 15th April, 1951. , , 15 May, 1949 Option to repay £12,479,080 maturing 15th May, 1952. 7,132,070 0 0 # , 15 June, 1949* 2i 178,302 * Rep ay able at the option of the Government at par on or after 15th June, 1-947, on three months' notice. 312,004 12 1 15 Sept., 1949 2t + ! fInterest payable at maturity. 9,375,000 0 0 7,500,000 0 0 15 Dec., 1949 5 468,750 11,732,250 0 0 15 Feb., 1950J 2i 293,306 at the option of the Government at par on or after 15th February, 1949* on three months' notice. 15 April, 1950 Option to repay £7,610,950 maturing 15th' April, 1951. 779,000 1,562,500 0 0 1,250,000 0 0 1 Feb., 1951 Si 128,783 Carried forward 34,460,104 12 1 861,300 25,114,511 0 6 20,091,608 16 5 2,205,625

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, 1947—continued

Domicile of Principal. Due Date. Interest Charge. Kemarks. Amount, in New Zealand. New Zealanc Australia. . Currency. London. London Debt, in Sterling. o5 3 Interest in New Zealand Currency. £ s. d. £ £ s. d. £ s. d. % £ Brought forward 34,460,104 12 1 861,300 25,114,511 0 6 20,091,608 16 5 2,205,625 5,701,605 0 0 15 April, 1951* 2* 142,540 *Repayable at the option of the Government at par on or after 15th April, 1949, on three months' notice. 7,610,950 0 0 15 April, 1951| 2* 190,274 "[•Repayable at the option of the Government at par on or after 15th April, 1950, on three months' notice. 1 Aug., 1951 Option to repay £6,473,450 maturing 1st August, 1954. 12,479,080 0 0 15 May, 1952$ 4 499,163 J Repayable at the option of the Government at par on or after 15th May, 1949, on three months' notice. 15 June, 1952 Option to repay £9,282,280 maturing 15th June, 1955. 1 July, 1952 Option to repay £15,000,000 maturing 1st July, 1955. 15 Sept., 1952 Option to repay £9,936,355 maturing 15th September, 1955. 15 Jan., 1953 Option to repay £12,408,529 12s. 4d. maturing 15th January, 1957. 15 May, 1953 Option to repay £7,356,965 maturing 15th May, 1956. 9,699,630 14 2 1 Oct., 1953 242,491 15 Dec., 1953 Option to repay £17,681,500 maturing 15th December, 1956. 9,153,223 15 0 7,322,579 0 0 1 Feb., 1954 § 3| 320,363 § Repayable 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. 6,473,450 0 0 1 Aug., 1954|| 3 194,204 || 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 £22,280,720 maturing 15th February, 1958.

B—l [Pt. I]

9,282,280 0 0 •• 15 June, 1955* 4 371,291 *Repayable 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, 1955f 3 450,000 f Repayable at the option of the Government at par on or after 1st July, 1952, on three months' notice. 9,936,355 0 0 •• 15 15 15 Sept., Oct., Jan., 1955$ 1955 1956 3 298,091 at the option of the Government at par on or after 15th September, 1952, on three months' notice. Option to repay £7,889,598 15s. maturing 15th October, 1960. Option to repay £6,203,710 maturing 15th January, 1959. 7,356,965 0 0 15 15 1 May, April, Nov., 1956§ 1956 1956 3 220,709 § Repayable at the option of the Government at par on or after 15th May, 1953, on three months' notice. Option to repay £8,525,445 maturing 15th April, 1959. Option to repay £6,250,000 maturing 1st November, 1971. 17,681,500 0 0 15 Dec., 1956|| 3 530,445 | [Repayable at the option of the Government at par on or after 15th December, 1953, on three months' notice. 12,408,529 12 4 * * ' * 15 Jan., 1957H H 434,299 f Repayable at the option of the Government at par on or after 15th January, 1953, on three months' notice. 40,400,000 0 0 15 July, Aug., 1957 2i 2* 1,010,000 42,270,000 0 0 15 1957 1,056,750 20,000,000 0 0 15 15 Sept., Sept., 1957 1957 3 600,000 Option to repay £14,432,075 maturing 15th September, 1960. 29,338,000 0 0 4 . 15 Oct., 1957 2i 733,450 1,543,125 0 0 •• 15 15 Nov., Nov., 1957 §§ 1957 3 46,294 § § Tax-free non-transferable stock. Option to repay £6,502,040 maturing 15th November, 1960. 22,280,720 0 0 15 Feb., 1958 3 668,422 Repayable at the option of the Government at par on dr after 15th February, 1955, on three months' notice. 24,031,831 5 0 19,225,465 0 0. 1 Mar., 1958** 1,081,432 **Repayable at the option of the Government at par on or after 1st March, 1948, on three months' notice. Carried forward 288,922,294 18 7 861,300 73,299,566 0 6 58,639,652 16 5 11,295,843

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, 1947— continued

Domicile of Principal. Interest Charge. Amount, in New Zealand Currency. London Debt, in Due Date. 1 Interest in Hew Zealand Currency. Remarks. New Zealand. Australia. London. Sterling. £ s. d. £ £ s. d. £ s. d. 0/ /o £ Brouqht forward 288,922,294 18 7 861,300 73,299,566 0 6 58,639,652 16 5 11,295,843 4,977,800 0 0 31 May, 1958* 4 199,112 *Repayable at the option of the Government at par on or after 31st May, 1954, on three months' notice. 38,400,000 0 0 , . 15 Nov., 1958 3 1,152,000 22,900,000 0 0 .. 15 Dec., 1958 3 687,000 6,203,710 0 0 «» 15 Jan., 1959f 3i 201,621 ■(•Repayable at the option of the Government at par on or after the 15th January, 1956, on three months' notice. 8,525,445 0 0 •• •• 15 1 15 April, Mar., April, 1959J 1960 1960 3 255,763 f 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. Option to repay £16,101,690 maturing 15th April, 1963. 264,950 0 0 22 May, 1960 3i 9,273 14,432,075 0 0 15 Sept., 1960§ 3i 469,042 §Repayable at the option of the Government at par on or after 15 th September, 1957, on three months' notice. * " 7,889,598 15 0 6,311,679 0 0 15 Oct., 1960|| H 276,136 ||Repayable at the option of the Government at par on or after 15th October, 1955, on three months' notice. 6,502,040 0 0 15 15 Nov., July, 196011 1961 3 195,061 IfRepayable at the option of the Government at par on or after 15th November, 1957, on three months' notice. Option to repay £18,312,590 maturing 15th July, 1963.

B—l [Pt. I]

, , , , 15 July, 1962 Option to repay £2,436,725 maturing 15th July, 1964. 1 Sept., 1962 Option to repay £21,547,733 15s. maturing 1st September, 1965. 16,101,690 0 0 15 April, 1963* 3 483,051 *Repayable at the option of the Government at par on or after 15th April, 1960, on three months' notice. 18,312,590 0 0 15 July, 1963f 3 549,378 f 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., 1964$ H 321,110 at the option of the Government at par on or after 1st March, 1960, on three months' notice. 2,436,725 0 0 15 July, 1964 § 3 73,102 §Repayable at the option of the Government at par on or after 15th July, 1962, on three months' notice. . , 21,547,733 15 0 17,238,187 0 0 1 Sept., 1965|| H 700,301 | [Repayable at the option of the Govern- \ ment at par on or after 1st September, 1962, on three months' notice. , , 6,250,000 0 0 5,000,000 0 0 1 Nov., 1971H 5 312,500 at the option of the Government at par on or after lsf November, 1956, on three months' notice. 10,787 0 0 Various** ., Free **The currency of the major portion of this loan is for the duration Of the war and stipulated periods thereafter. 2,613,636 7 2 2,090,909 1 9 1 Dec., 1955 117,614ft fflnterest and principal repayments suspended in terms of agreement with Imperial Government. 30,125,249 8 3 24,100,199 10 7}* 1,491,538ft JtBalance of £27,532,164, Imperial Government advances funded in terms of section 8, Finance Act, 1922 (see note, page 72). 55,000,000 0 0 Various 1 550,000 Treasury bills. 482,990,106 18 7 861,300 150,900,354 5 11 120,720,283 8 9 19,339,445 Total securities charged on the I 'ublic Revenues and outstanding at 31st March, 1947, £634,751,761 4s . 6d.

3—l [Pt. I]

fey the Repayment of the tublic l)ebt Act, 1925, means are provided whereby the whole of the public debt other than that raised for State Advances purposes and those portions for which special statutory provision has been made will be extinguished in approximately sixty years from the time of coming under the provisions of the Act. The total of loans coming within the provisions of the Repayment of the Public Debt Act, 1925, is £540,598,993 3s. Id. The Public Debt Redemption Fund Capital Account established under this Act comprises investments of sinking funds accumulated under former legislation and now invested with the State Advances Corporation £3,250,000 and the Public Trustee £7,966,688 lis. 2d. : total £11,216,688 lis. 2d. The interest on the Redemption Fund capital is paid over to the Consolidated Fund as a set-off against the annual payments made by the latter fund to the Repayment of the Public Debt Account—viz., \ per cent, of the public debt coming under the provisions of the Act, together with an additiona 4 per cent, of the debt redeemed in accordance with the Act. J J In addition, special provision exists for the repayment of that portion of the debt funded by agreement with the Imperial Government. Particulars were published in 8.-l [Pt. Ill] for the year ended 31st March, 1941, and previous years. Details have not changed since 1932. It was estimated that this portion of the debt would under the original agreement be extinguished during the financial year ending on the 31st March, 1958. Payments have been suspended by arrangement with the Imperial Government. Section 6 of the Hutt Road Act, 1939, provides that the Wellington gity Council shall be kept indemnified out of the Main Highways Account from all liability in respect of loans specified in the First Schedule of the Act totalling £276,020. At 31st March, 1947, £150,600 was outstanding, against which the Public Trustee held sinking funds totalling £112,933 os. 2d.

ADVANCES BY THE RESERVE BANK TO THE GOVERNMENT BY WAY OF OVERDRAFT OUTSTANDING ON 31st MARCH, 1947

Authority for Advances. Particulars of Advances. Account. Amount. Marketing Act, 1936, section 10 .. Marketing Amendment Act, 1939, section 5 Advances in respect of dairy-produce purchased for export and sale Advances in respect of primary products purchased for export and sale Dairy Industry Account Various Marketing Accounts .. £ s. d. Nil. Nil.

B—l [Pt. TJ

TRANSACTIONS IN CONNECTION WITH THE PUBLIC DEBT IN THE YEAR ENDED 31st MARCH, 1947

Details of above Internal debt— Long-term debt— Increases — New issues for purchase of — £ s. d. £ s. d. Bank of New Zealand shares .. .. 3,070,985 0 0 New issues for capital works — National Development Loans Account .. 15,600,000 0 0 New issues : War Expenses Account .. .. 7,964,694 -12 6 26,635,679 12 6 Decreases— Redemptions from— Public Debt Repayment Account .. .. 7,170,308 10 0 Loans Redemption Account .. .. 5,725,199 10 9 War Expenses Account .. .. .. 3,500,000 0 0 — 16,395,508 0 9 Increase .. .. .. .. .. .. £10,240,171 11 9

— Outstanding 31st March, 1946 (New Zealand Currency). Outstanding 31st March, 1947 (New Zealand Currency). + Increase. — Decrease. External debt — London Australia Internal debt— Long-term debt Moating debt £ s. d. 150,900,354 5 11 861,300 0 0 417,749,935 6 10 55,000,000 0 0 £ S. d. 150,900,354 5 11 861,300 0 0 427,990,106 18 7 55,000,000 0 0 £ s. d. + 10,240,171 11 9 624,511,589 12 9 634,751,761 4 6 + 10,240,171 11 9

B—l [Pt. I]

LOANS GUARANTEED BY THE GOVERNMENT Contingent Liability outstanding on 31st March, 1947

B. C. Ashwin, Secretary to the Treasury. C. J. Atkin, Accountant to the Treasury. The Treasury, Wellington, 13th June, 1947,

Examined and found correct. J. P. Rutherfork, Controller and Auditor- General. Audit Office, Wellington, 2nd July, 1947,

Approximate Cost of Paper.—Preparation, not given; printing (753 copies), £165.

By Authority: E. V. Paul, Government Printer, Wellington.—l 947.

Price Is. 6d.]

Loans guaranteed. Authority for Government Guarantee. Amount OUTSTANDING. Due Date. Rate. Accumulated 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 Series " A " „ "0" Local Bodies' Loans Act, 1913, Part IV .. Finance Act, 1937 sec. 42 Total Local Authorities Loans State Advances Corporation Act, 1936, sec. 25 Ditto 99 • • 1 * * • • • • 99 • • 99 • • • • • • « • 99 • • • • • • • • .. » Total State Advances Corporation Loans | £ £ /19,425 \ „ \ 1,650 f J1 ' 075 11,000 48,741* / 1 July, 1947 \ 1 July, 1948 1 Jan., 1948 1 April, 1952 % 5 4 % H H li Nil £ s. d. 18,837 19 2 1,649 3 7 10,408 8 9 80,816 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 1 Aug., 1971 ; 3f 3| 3f 3f 3f 3f 3f 3| 3 •• 7,744,850 i 6,500,000 6,500,000 6,500,000 6,500,000 6,500,000 7,000,000 .\ 477,740 4,100,000 ; 51,822,590 * Repayable by half-yearly instalments.

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1946-1947 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926, Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1946-1947 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1946-1947 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1946-1947 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1946-1947 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part01

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