PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1948 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1948, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Appendix to the Journals of the House of Representatives, 1948 Session I, B-10

B—lo

1948 NEW ZEALAND

PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1948 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1948, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

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

INDEX PAGE Government Accident Insurance Office .. .. .. .. .. .. 2 Government Insurance Office .. .. .. .. .. .. .. .. 3 Maori Trustee .. .. .. .. .. .. .. .. .. 4 Marketing Department (Export Division) .. .. .. ~ .. 5 Marketing Department (Internal Marketing Division) .. .. .. .. 5 Marketing Department (Milk Marketing Division) .. .. .. .. 5 Mines Department .. .. .. .. .. .. .. .. 6 New Zealand Broadcasting Service .. .. .. .. .. .. 7 New Zealand Wool Disposal Commission .. .. .. .. .. .. 7 Other Securities (Departments of Agriculture, Industries and Commerce, Justice and Prisons, Lands and Survey, Maori Affairs, Public Works, Social Security, State Forest) .. .. 21 Post Office .. .. .. .. .. .. .. .. .. 8 Public Trust Office .. .. .. .. .. .. .. .. .. 12 State Advances Corporation (Housing Branch) .. .. .. .. .. 15 State Fire Insurance Office .. .. .. .. .. .. .. 16 Summary, &c. .. .. .. .. .. .. .. .. .. 22 Treasury .. .. .. .. .. .. .. .. .. 7

B^IO

2

PUBLIC SECURITIES HELD BY THE GOVERNMENT ACCIDENT INSURANCE OFFICE

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1947. or redeemed. 3 Ist March, 1948. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. 99 99 • • • • • • * > 99 99 • • • • 99 99 • • • • • " • • 99 99 • • • • • • • • 99 99 r ' 99 99 • • • • • • • • 99 99 • • • • • * • ' 99 99 • ' ' • ' • • * 99 99 • • • • • • • • 99 99 99 99 * • • • • • • • ,, (Treasury Bills) 15/5/49-52 1/10/53 1/8/51-54 15/6/52-55 15/9/52-55 15/12/53-56 15/1/53-57 15/2/55-58 15/4/56-59 15/9/57-60 15/4/60-63 15/7/62-64 10/3/48 10/3/49 0/ /o 4 H 3 4 3 3 31 3 3 3i 3 3 1 1 £ 47,500 50,000 69,000 27,385 25,000 50,000 24,000 25,000 75,000 69,030 55,585 50,000 £ 394,000 50,000 £ 69,000 25,000 50,000 25,000 75,000 50,000 £ 47,500 50,000 27,385 24,000 69,030 55,585 394,000 50,000 Local Authorities 1 Securities Local authorities' securities Various Var. 116,606 12,418 104,188 Other Securities Rural Advances bonds under Rural Advances Act, 1926 State Advances Corporation of New Zealand (stock) 15/9/47 1/9/60 5 3f 5,000 5,000 5,000 *5,000 Total 694,106 444,000 311,418 826,688

B—lo

PUBLIC SECURITIES HELD BY THE NEW ZEALAND GOVERNMENT INSURANCE DEPARTMENT

3

Particulars of Security. Amonnt held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Rate of Inter est. 31st March, 1947. or redeemed. 31st March, 1948. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/2/49-50 15/5/49-52 1/10/53 1/8/51-54 15/6/52-55 15/9/52-55 15/5/53-56 15/12/53-56 15/1/53-57 15/2/55-58 31/5/54-58 15/1/56-59 15/4/56-59 15/9/57-60 15/11/57-60 15/4/60-63 15/7/61-63 15/7/62-64 15/7/63-65 % 2} 4 H 3 4 3 3 3 H 3 4 3i 3 3-|-3 3 3 3 3 £ 51.2,390 92,180 150,000 49,500 100,000 182,060 1,900,000 90,000 50,000 950,000 591,785 383,160 200,000 £ 40,000 10,420 119,000 53,800 20,000 115,000 56,000 159,500 13,115 31,070 5,930 4,950 616,000 175,000 £ £ 40,000 512,390 102,600 269,000 49,500 53,800 20,000 215,000 182,060 1,956,000 90,000 50,000 1,109,500 604,900 31,070 389,090 204,950 616,000 175,000 Rural Advances Bonds Rural Advances Act, 1926 15/9/47 15/9/47 5 5 90,000 86,000 90,000 86,000 # Local Authorities'' Securities Local authorities' securities Various Var. 2,732,155 490,000 510,134 2,712,021 Miscellaneous Securities Landed and house property (freehold) „ (leasehold) Properties acquired on default of mortgagors Mortgages .. .. .. .. .. .. - Various 99 99 99 Var. 99 485,886 *8,000 4,123,868 5,706 335,617 6,366 206 8,000 389,901 479,520 5,500 4,069,584 Held in London New Zealand consolidated stock 1/9/62-65 31 782,375 782,375 Total 13,559,359 2,251,108 1,090,607 14,719,860

b—id

PUBLIC SECURITIES HELD BY THE MAORI TRUSTEE

4

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1947. 31st March, 1948. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 99 99 99 99' 99 99 99 99 99 99 • • 99 99 „ (Treasury bilis) 15/9/52-55 15/5/53-56 15/12/53-56 15/2/55-58 15/4/56-59 15/7/61-63 15/7/62-64 15/7/63-65 10/3/48 10/3/49 0/ /o 3 3 3 3 3 3 3 3 1 1 £ 1,000 .2,000 3,830 5,000 5,000 120,000 240,000 £ io,ooo 75,000 75,000 240,000 £ 240,000 & 1,000 2,000 3,830 5,000 15,000 120,000 75,000 75,000 240,000 Local Authorities' Securities Local authorities' securities Various 4i 5,100 100 5,000 Miscellaneous Securities Advances to farm stations Mortgages „ (speeial investments) Properties acquired Various 4£ Var. 4i 113,006 343,831 350 16,785 4,689 8,132 445 16,650 25,929 101,045 326,034 350 17,230 Total 855,902 413,266 1====== 282,679 986,489

P—lo

PUBLIC SECURITIES HELD BY THE MARKETING DEPARTMENT

5

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1948. Nature of Security. Maturity Date. Rate of Interest. EXPORT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bilis) „ (stock) » 4 » Held in London Marketing Emergency Regulations 1942: Shares in United KingdomDominion Wool Disposals, Ltd. Total .. .. ... INTERNAL MAR: Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) » 99 . . 99 99 Marketing Emergency Regulations 1942: Shares in Farm Products Co-operative (Wellington), Ltd. Total MILK MARKE Held in New Zealand Marketing Emergency Regulations 1942 : Shares in dairy company Shares in milk-trøatment companies at cost .. " Total DIVISION* 10/3/48 10/3/49 15/2/49-50 15/4/50-51 15/7/61-63 15/7/62-64 15/7/63-65 KETING D] 15/6/47-49 15/2/49-50 15/7/62-64 TING DIVI 0/ /o 1 1 ■2* 3 3 3 [VISIOK % 2i 21 3 •4 SION 0/ /o £ 6,000,000 5,500,000 5,200,000 3,500,000 62 £ 3,500,000 5,000,000 2,000,000 £ 6,000,000 £ 3,500,000 5,500,000 5,200,000 3,500,000 5,000,000 2,000,000 62 20,200,062 10,500,000 6,000,000 24,700,062 [ £ 1,755 1,755 250,000 3,100 £ £ £ 1,755 1,755 250,000 3,100 256,610 256,610 £ 231 £ li.5,237 £ £ 231 115,237 231 115,237 •• 115,468 * Of the £24,700,000 New Zealand Government securities shown as held by the Export Division of the Marketing Department, £4,700,000 are securities of the New Zealand Dairy Products Marketing Commission and not yet transferred.

B—lo

PUBLIC SECURITIES HELD BY MINES DEPARTMENT

6

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1948. Held in New Zealand State Coal-mines Account Mortgages : Housing loans to State coal-miners Mortgages and miscellaneous securities Various 0/ /o Var. £ 65,836 14,814 £ 17,134 5,022 £ 5,344 5,119 £ 77,626 14,717 Mining Advances Account Mortgages with mining companies 5 14,910 8,826 6,084 Mines Department Miscellaneous securities Various Var. 122,444 7,044 1,757 127,731 Total 218,004 29,200 21,046 226,158

7

B—lo

PUBLIC SECURITIES HELD BY THE NEW ZEALAND WOOL DISPOSAL COMMISSION

PUBLIC SECURITIES HELD BY NEW ZEALAND BROADCASTING SERVICE

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1948. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) f! >) ...... „ (stock) ,, ,, ,, ,, 10/3/48 10/3/49 15/4/50-51 15/12/53-56 15/2/55-58 % 1 1 2* 3 3 £ 1,600,000 250,000 50,000 50,000 £ 1,600,000 £ 1,600,000 £ 1,600,000 250,000 50,000 50,000 Total .. 1,950,000 1,600,000 1,600,000 1,950,000

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Bate of Interest. 31st March, 1948. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) ,, „ 15/7/61-63 15/7/62-64 0/ /o 3 3 £ 200,000 250,000 £ 800,000 £ £ 200,000 1,050,000 Total 450,000 800,000 1,250,000

B—lo

PUBLIC SECURITIES HELD BY THE POST OFFICE

8

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1948. Nature of Security. Maturity Date. Rate of Interest. SECURITIES HELD IN RESPECT Held in New Zealand State Advances Corporation of New Zealand (stock) .. 99 99 99 99 • • 99 99 New Zealand Government Becurities New Zealand Loans Act, 1932 (stock) 99 99 • • • • • * • • >9 99 • • • • 99 99 • • 99 99 * 9 • • • * * * 99 99 • • • • • • • • . 99 99 • • • • • • * * Total WAR GRATUITY POST Held in New Zealand New Zealand Government Becurities New Zealand Loans Act, 1932 (stock) Total i, ... ... OE SAVIN( 1/9/55 1/8/60 1/8/63 1/8/71 1/8/72 1/8/73 1/8/75 15/4/49-51 15/6/52-55 15/7/57 15/8/57 15/9/57 15/10/57 15/12/58 OEEICE S, 15/7/57 3S-BAN % 3| sist 3 3 3f 2\ 4 2i 2t 3 2i 3 ØVINGS % 2k K INVESTM] £ 211,510 1,260,000 660,000 3,600,000 750,000 6,500,000 5,000,000 755,000 21,900,000 38,000,000 19,920,000 24,038,000 17,770,000 ENTS £ 345,000 2,400,000 4,100,000 6,310,000 £ 800,000 5,000,000 755,000 £ 211,510 1,605,000 660,000 6,000,000 750,000 3,300,000 6,500,000 21,900,000 38,000,000 19,920,000 30,34#, 000 17,770,000 140,364,510 13,155,000 6,555,000 146,964,510 -BANK £ 12,500,000 £ 1,000,000 £ 1,500,000 £ 12,000,000 12,500,000 1,000,000 1,500,000 12,000,000

B—lo

9

SECURITIES HELD IN RESFECT OF SAVINGS- BANj Held in New Zealand Local Authorities' Securities % Looai authorities' securities .. .. .. .. .. Variera» Var. Total Held in London New Zealand Government Securities % New Zealand Consolidated stock .. .. .. .. .. 1/9/62-65 3|Total SECURITIES HELD IN RESPECT OF NATIONAL SAVI Held in New Zealand New Zealand Government Securities % New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/11/58 3 Total .. .. SECURITIES HELD IN RESPECT OF NATIONAL S Held in New Zealand New Zealand Government Securities % New Zealand Loans Aot, 1932 (stook) .. .. .. .. 15/11/58 3 Total * Includes £151,000 school savings funds. K. INVESTM-] £ 386,763 ENTS- - -■ ■ £ £ 28,867 £ ~ 357,896 386,763 28,867 357,896 £ 2,825,619 £ £ £ 2,825,619 2,825,619 2,825,619 NGS INVES r J £ 27,281,000 CMENTS £ 4,200,000 9 £ £ 31,481,000 27,281,000 4,200,000 31,481,000* AVINGS BOI £ 11,119,000 £ £ 2,350,000 £ 8,769,000 11,119,000 2,350,000 8,769,000

B—lo

Public Securities held by the Post Office— continued

10

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Benewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Bate of Interest. 31st March, 1948. SECURITIES HELD IN RESPECT OF POST OFFICI INVESTMENT CERTIFICATES Held in New Zealand old issue New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/6/52-55 % 4 £ 6,040 £ £ 6,040 £ State Advances Corporation Securities State Advances Corporation of New Zealand (stock) 1/8/ 60 3| 6,040 6,040 NEW ISSUE New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/6/52-55 4 5,710 5,710 State Advances Corporation Securities State Advances Corporation of New Zealand (stock) 1/8/60 3| 5,710 5,710 SIX-YEAB CURRENCY New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/6/52-5G 15/9/57 4 3 15,900 80,000 15,900 80,000 State Advances Corporation Securities State Advances Corporation of New Zealand (stock) 1/8/60 H 15,900 15,900 Total 107,650 27,650 27,650 107,650

B—lo

11

SECURITIES HELD IN RESPECT OF DEPRECIATION AND OTHER RESERVE FUNDS Held in New Zealand State Advances Corporation of New Zealand (stock) .. 99 99 • • 99 99 • • • • • • 1/8/60 1/8/63 1/8/7.1 1/8/73 % 3f 3f 3 3 £ 780,000 500,000 £ ■ 2,877,350 1,100,000 £ 500,000 £ 2,877,350 780,000 1,100,000 New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 99 99 • • • • • • 99 99 • • • • • • • • 99' 99 • • • • • • • • 15/2/49-50 15/4/49-51 15/1/53-57 15/7/57 • 15/10/57 15/12/58 24 n H 2i H 3 2,000,000 250,000 2,783,000 1,000,000 1,000,000 1,370,000 655,650 2,000,000 250,000 2,783,000 1,000,000 1,655,650 1,370,000 Total 9,683,000 4,633,000 5,533,000 8,783,000 SUMMAR Y OF SECURITIES HELD BY THE P< OST OFFICE Securities held in respect of savings-bank inv r estments — Securities held in New Zealand Savings-bank War Gratuities Account Local authorities' securities Securities held in London Various 0/ /o Var. £ 140,364,510 12,500,000 386,763 2,825,619 £ 13,155,000 1,000,000 £ 6,555,000 1,500,000 28,867 £ 146,964,510 12,000,000 357,806 2,825,619 Securities held in respect of National Savings Investments Securities held in respect of National Savings Bonds Securities held in respect of Post Office Investment Certificates Securities held in respect of depreciation and other reserve funds » » 156,076,892 27,281,000 11,119,000 107,650 9,683,000 14,155,000 4,200, 000 27,650 4,633,000 8,083,867 2,350,000 27,650 5,533,000 162,148,025 31,481,000 8,769,000 107,650 8,783,000 Total 204,267,542 23,015,650 15,994,517 211,2.88,675

B—lo

PUBLIC SECURITIES HELD BY THE PUBLIC TRUST OFFICE

12

Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Kate of Interest. 31st March, 1948. Held in New Zealand % £ £ £ £ Mortgages . . .. .. Various Var. 11,711,236 450,338 1,350,807 10,810,767 Local authorities' securities » „ 6,936,592 267,760 386,224 6,818,128 New Zealand Government Securitie-. ' New Zealand Loans Act, 1932 (stock) 15/9/47 H 1,643,470 50 1,643,520 ,, „ 15/5/48 2* 20,480 2,370 22,850 ■ „ , 30/11/48 4 248,225 1,600 . 249,825 „ , 15/6/47-49 2| 117,020 40,085 157,105 » ; 15/2/49-50 15/4/49-51 15/4/50-51 15/5/49-52 1/10/53 1/8/51-54 15/6/52-55 15/9/52-55 15/5/53-56 15/12/53-56 2* 2i 2* 4 3 4 3 3 3 45,365 2,550 1,430 353,585 154,115 88,680 730,640 78,340 14,220 56,020 12,090 250 800 9,490 3,670 1,050 13,480 1,660 16,300 52,680 57,455 2,800 2,230 363,075 157,785 89,730 744,120 80,000 30,520 108,700 ,, » 15/1/53-57 H 3,949,585 16,160 732,850 3,232,895 ■•■:-.•->* ,, - 15/2/55-58 3 1,271,600 2,325 776,300 497,625 » »i 31/5/54-58 4 387,240 7,175 394,415 ,, „ 15/12/58 3 2,822,005 15,935 i2,790 2,825,150 „ ,, 15/1/56-59 31 688,180 850 689,030 ,, „ 15/4/56-59 3 204,200 7,100 211,300 ,, „ 22/5/60 H 1,850 1,850 „ ,, . 15/9/57-60 H 1,370,155 13,225 1,383,380 >> ,, . 15/11/57-60 3 28,145 28,325 56,470 „ ., 15/4/60-63 3 4,533,580 20,710 3,388,850 1,165,440 )> » - 15/7/61-63 15/7/62-64 15/7/63-65 3 3 3 2,050,000 3,150 3,120,250 150,000 1,600,000 1,540,000 453,150 1,580,250 150,000

B—lo

13

State Advances Corporation of New Zealand (stock) Property acquired by foreclosure Advances to protect security Leasehold and freehold property and balance of purchase-money on premises sold Held in London Midland Bank, Ltd. (fixed deposit receipts) .. 11 11 1/9/60 At call 3| i 132,800 217,480 29,976 329,599 18,750 100 22,428 2,571 191 i8,750 12,500 34,938 14,419 14,469 18,750 132,900 204,970 18,128 315,321 18,750 12,500 Total .. — —— — ,—.. . _ 40,237,113 4,315,418 11,513,917 33,038,614

B—lo

Public Securities held by the Public Trust Office — continued (Included in the foregoing return) Statement of Public Securities Held by the Public Trustee in the Dominion of New Zealand as on 31st March, 1948 Mortgages Common Fund of the Public Trust Office — £ £ Flat mortgages .. .. .. .. .. .. 5,794,347 Instalment mortgages .. .. .. .. .. .. 2,910,794 Public Service S\iperanmiation Fund .. .. .. .. .. 813,230 Teachers' Superannuation Fund .. .. .. .. .. 433,300 Railways Superannuation Fund .. .. .. .. .. 62,767 National Provident Fund .. .. .. .. .. .. 723,381 Land Settlement Finance Act Associations .. .. .. .. 72,948 10,810,767 Local Authorities' Securities Common Fund of the Public Trust Office .. .. .. .. 5,418,733 Public Service Superannuation Fund .. .. .. .. .. 528,901 Teachers' Superannuation Fund .. .. .. .. .. 102,727 Railways Superannuation Fund . . .. .. .. .. 63,546 National Provident Fund .. .. .. .. .. .. 704,221 6,818,128 Government Securities Common Fund of the Public Trust Office .. .. .. .. 4,461,475 Public Service Superannuation Fund .. .. .. .. .. 1,472,285 Teachers' Superannuation Fund .. .. .. .. .. 402,215 Railways Superannuation Fund .. .. .. .. .. 363,035 National Provident Fund .. .. .. .. .. ..8,008,140 14,707,150 State Advances Corporation of New Zealand Stocl' Common Fund of the Public Trust Office .. .. .. .. 2,200 Public Service Superannuation Fund .. .. .. .. .. 50,000 Teachers' Superannuation Fund . . .. .. .. .. 5,700 Railways Superannuation Fund .. .. .. .. .. 25,000 National Provident Fund .. .. .. .. .. .. 50,000 132,900 Properties Acquired by Foreclosure Common Fund of the Public Trust Office .. .. .. .. 185,737 Public Service Superannuation Fund .. .. .. .. .. 15,633 Railways Superannuation Fund .. .. .. .. .. 3,600 204,970 Advances to Protect Securities Common Fund of the Public Trust Office .. .. .. .. 17,701 Railways Superannuation Fund .. .. .. .. .. 427 18,128 Property Titles to freehold and leasehold property and balance purchase-money of premises sold .. 315 , 321 £33,007,364 Securities held outside New Zealand Fixed Deposit Receipts Midland Bank, Ltd., London .. .. .. .. .. .. .. £31,250

14

B—lo

PUBLIC SECURITIES HELD BY THE STATE ADVANCES CORPORATION OF NEW ZEALAND

15

(HOUSING BRANCH) Particulars of Security. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1948. Nature of Security. Maturity Date. Rate of Interest. Held in New Zealand Local autliorities' debentures Rural Housing Act, 1939 (debentures) Mortgages and debentures (dairy companies) Total Various Yarious 0/ /o 3 3 3 £ 898,315 136,244 4,315 £ 132,500 10,885 11,400 £ 56,763 12,753 520 £ 974,052 134,376 15,195 1,038,874 154,785 70,036 1,123,623

B—lo

PUBLIC SECURITIES HELD BY THE STATE FIRE INSURANCE OFFICE

16

Particulars of Security. Amount held as at 31st March, 1947. Purchased or Sold, renewed, or redeemed. Amount held as at 31st March, 1948. Nature of Security. Maturity Date. Rate of Interest. issued in Renewal. Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) 15/5/49-52 3* 212,910 212,910 > j» 1/10/53 2i 50,000 50,000 ' 1/8/51-54 15/6/52-55 15/9/52-55 15/12/53-56 3 4 3 3 50,000 15,400 25,000 50,000 50,000 25,000 50,000 15,400 , 15/1/53-57 3* 143,000 143,000 , 15/2/55-58 3 25,000 25,000 9 , 15/4/56-59 3 75,000 75,000 > » • 15/9/57-60 15/4/60-63 15/7/62-64 3i 3 3 117,715 156,575 355,000 li7,715 156,575 355,000 , (Treasury bills) 10/3/48 1 100,000 100,000 , ,, 10/3/49 1 100,000 100,000 Rural Advances Act, 1926 15/9/47 5 15,000 is,ooo •• Local Authorities' Securities Local authorities' securities Various Var. 192,031 •• 12,314 179,717 Other Securities Masterton Trust Lands Trust debentures under section 70, Local Legislation 26/1/57 81 2,000 200 1,800 Act, 1936 (Nos. 12-20) State Advances Corporation of New Zealand (stock) . 1/9/60 3| 5,000 5,000 Fixed deposits (Bank of New Zealand) 31/7/47 11 5,000 5,000 ., >> 30/10/47 If 10,000 10,000 , , 11/11/47 If 5,000 5,000 ' ' 1/3/48 31/7/48 If If 30,000 5,000 30,000 '5,000 ' ' 30/10/48 11/11/48 If If 10,000 5,000 10,000 5,000 » > 1/3/49 If 30,000 30,000 1,284,631 505,000 402,514 1,387,117 Land and house property :: 144,240 23,722 120,518 Total .. 1,428,871 505,000 426,236 1,507,635

B—lo

PUBLIC SECURITIES HELD BY THE TREASURY

2—B 10

17

Particulars of Securit y. Amount held as at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1948. Held is New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) (stock) ORDINARY DEPOSITS .. THQUAKE and r ENUE ACC Various 15/7/57 ACCOUNT 21/5/47 15/10/57 15/12/58 15/7/57 15/3/62 1/8/73 15/4/48 WAR DAM 15/8/57 15/4/59-69 'OUNT /o 1 2i % I 2-1 3 2i 1 3 i AGE Fl % 3 £ 5,000,000 3,000,000 £ 4,000,000 £ 5,000,000 3,000,000 £ 4,000,000 Total .. 8,000,000 4,000,000 8,000,000 4,000,000 Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) (stock) State Advances Corporation (stock) Held in London Fixed deposit with Bank of New Zealand, London £ 2,000,000 4,300,000 900,995 •• £ 625,800 10,000 1,200,000 6,000,000 400,000 750,000 £ 2,000,000 3,829,450 725,000 £ 1,096,350 185,995 1,200,000 6,000,000 400,000 750,000 Total 7,200,995 8,985,800 6,554,450 9,632,345 EAR Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Held in London Imperial Funding Loan UNI) £ 4,270,000 937,500 £ 562,500 £ £ 4,270.000 1,500,000* Total 5,207,500 562,500 5,770,000 * Cost price, £1,555,333.

B—lo

Public Securities held by the Treasury— continued

18

Particulars of Security. Amount held as at I Purchased or j Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1947. issued in Renewal. 31st March, 1948. LOANS REDEMPTION ACCOUNT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/3/62 O' /o 1 1 £ " £ 4,000,000 £ £ 4,000,000 Total ! .. 1 4,000,000 i . - 4,000,000 RESERVE FUND ACCOUNT Held in London * Imperial Funding Loan Imperial War Loan stock 15/4/59-69 1/12/52 0/ 70 3 31 £ 1,895,000 580,000 ! £ 115,000 £ £ 2,010,000* 580,000 Total 2,475,000 115,000 2,590,000 SOCIAL SECURITY FUND Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bilis) Various °/ /o 1 £ 4,000,000 £ 5,000,000 £ 4,000,000 £ 5,000,000 Total 4,000,000 5,000,000 4,000,000 5,000,000 WORKING RAILWAYS ACCOUNT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Railway Employees' Sick Benefit Fund (invested with Public Trustee) 15/7/57 1 % 2* | £ 2,000,000 7,169 ! £ 117 £ 1,200,000 7,286 £ 800,000 Total 2,007,169 117 1,207,286 800,000

B—lo

* Cost price, £2,042,704. t This statement does not include details of securities for amounts invested from Public Account balances in various corporations. In terms of the Finance Act. 1047, section 3, this information is published in the Public Accounts (IS.-1 TPt. I]) for 1047-48, page 63. $ Exclusive of interest which is included in the face value of debentures. § This total includes an amount of £1,201,345 representing the principal outstanding on interest-free supplementary loans on farm and residential securities.

PUBLIC ACCOUNT CASH BALANCE INVESTMENT ACCOUNT

3—B 10

19

Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) „ (stock) State Advances Corporation (stock) .. „ Various 15/3/62 15/7/57 1 '8/1971 1/8/1973 /o 1 1 2i 3 3 £ £ 85,500,000 10,000,000 5,700,000 1,900,000 4,800,000 £ 85,500,000 10,000,000 5,700,000 1,900,000 4,800,000 £ Held in London Fixed deposits with Bank of New Zealand, London Various | miENT ACCOUNI 2,150,000 2,150,000 Total .. 110,050,000 110,050,000 SECURITIES NOT INCLUDED IN INVE? S : MISCELLANEOUS! Held in New Zealand Local Authorities' Securities Hutt Road Act, 1915 Auckland Hospital Board (debentures) 1/4/66 Various °/ A) 4 •I 1 •'4 £ 60,000 £ 600,000 £ 10,767 £ 60,000 589,233$ Other Securities Agriculture Emergency Powers Act, 1934 : Miscellaneous advances Hawke's Bay Earthquake Act, 1931 : Miscellaneous advances General Purposes Relief Account: Advances Farmers' Loans Emergency Regulations 1940 : Advances Rehabilitation Act, 1941 : Loans Miscellaneous advances .. .. . . . . .. . Various Var. 24,024 427,210 42,311 21,165 3,477,157 18,401 2,055 1,248 2,175,048 5,500 1,845 32,581 3,716 10,373 1,136,590 3,316 22,179 394,629 40,650 12,040 4,515,615§ 20,585 Total 4,070,268 2,783,851 1,199,188 5,654,931 1

B—lo

SUMMARY OF PUBLIC SECURITIES HELD BY THE TREASURY

20

Amount held at 31st March, 1947. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held at 31st March, 1948. Amount held at 31st March, 1948. In New Zealand. In London. Ordinary Revenue Account Deposits Account Earthquake and War Damage Fund Loans Redemption Account Reserve Fund Account Social Security Fund Working Railways Account Public Account Cash Balance Investment x4ccount '. £ 8,000,000 7,200,995 5,207,500 2,475,000 4,000,000 2,007,169 £ 4,000,000 8,985,800 562,500 4,000,000 115,000 5,000,000 117 110,050,000 £ 8,000,000 6,554,450 4,000,000 1,207,286 110,050,000 £ 4,000,000 9,632,345 5,770,000 4,000,000 2,590,000 5,000,000 800,000 £ 4,000,000 8,882,345 4,270,000 4,000,000 5,000,000 800,000 £ 750,000 1,500,000 2,590,000 Miscellaneous securities not included in Investment Accounts 28,890,664 4,070,268 132,713,417 2,783,851 129,811,736 1,199,188 31,792,345 5,654,931 26,952,345 5,654,931 4,840,000 Total 32,960,932 135,497,268 131,010,924 37,447,276 32,607,276 4,840,000

B—lo

OTHER SECURITIES

«f fl*«S ? f the advances under Part I of the Maori Land Act, 1931, are secured by statutory charge (vide section 18 ™w ♦ + Amendment Act, 1936). f Loans under the Rehabilitation Act, 1941, formerly shown in this part of the statement, are now shown under the heading " Public Securities held by the Treasury "

21

Securities. Amount held at 31st March, 1948. Held in New Zealand Agriculture Department Promissory notes £ 766 Industries and Commerce Department New Zealand Government stock 7,000 Justice and Prisons Department Shares, &c., in co-operative companies 1,322 Lands and Survey Department Mortgages, &c. 499,265 Maori Affairs Department ♦Advances made under Part 1 and under section 340 of the Maori Land Act, 1931, and advances made under section 48 of the Maori Land Amendment Act, 1936' and advances under the Maori Housing Acts, 1935 and 1938 2,843,369 Public Works Department Main Highways Board agreements for advances Main Highways Board agreements for sale of plant .. .. .. Miscellaneous agreements Soil Conservation and Rivers Control Council agreements for advances .. .. Taieri Rivers Trust Lower Clutha River Trust 24,201 64,563 5,106 83,472 79,733 800 Social Security Department Debentures, &c. 101,250 State Forest Service Promissory notes 83,199 3,794,046f

B—lo

SUMMARY OF SECURITIES HELD BY THE UNDERMENTIONED OFFICES AS ON 31st MARCH, 1948

* This statement does not include details of securities for amounts invested from Public Account balances in various corporations. In terms of the Finance Act, 1947, section '.i, this information is published in the Public Accounts (8.-l [Pt. 11) for 1947-48, page 6:;.

Approximate Cost of Vaper. —Preparation, not given : printing copies). £.">7 10s.

By Authority: E. V. Paul, Government Printer, Wellington.—l94B.

Price 9d.'\

22

— Held in Maturity Date. Kate of Interest. Amount held as at 31st xMarch, 1948. Government Accident Insurance Office Dominion .. \ a nous Various £ 826,688 Government Insurance Office London _ " 13,937,485 782,375 Maori Trustee Dominion .. 986,489' Marketing Department (Export Division) ,, .. ,, ? , 24,700,000 ,, .. London 1 62 Marketing Department (Internal Marketing Dominion .. 9 , 256,610 Division) Marketing Department (Milk Marketing Division) „ „ 115,468Mines Department ,, .. ,, 226,158 New Zealand Broadcasting Service „ J5 1,950,000 New Zealand Wool Disposal Commission ,, .. ,■ 1,250,000 Post Office .. ,, .. ,, 208,463,056 fy London .. | ,. „ 2,825,619 Public Trust Office .. Dominion 33,007,364 „ London .. | ,. M 31,250^ State Advances Corporation (Housing Branch) .. Dominion .. ., 1,123,623 State Fire Insurance Office 5> • • ,.: , 1,507,635 Treasury 5, " • „ „ 32,607,27$ „ London ,, 4,840.000 Miscellaneous Dominion .. » 3,794,046 I *333,231,204