PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1949 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1949, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Appendix to the Journals of the House of Representatives, 1949 Session I, B-10

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1949 NEW ZEALAND

PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1949 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1949, 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 ' ■# PAGH Government Accident Insurance Office .. .. .. .. .. .. 2 Government Insurance Office .. .. .. .. .. .. .. 3 Government Superannuation Board .. .. .. .. .. .. 17 Maori Trustee . . .. .. .. .. .. .. .. 4 Marketing Department .. .. .. .. .. .. 5 Mines Department .. . . .. .. .. .. .. .. 6 New Zealand Broadcasting Service .. .. ".. .. .. .. .. 7 New Zealand Wool Disposal Commission .. .. .. .. .. .. 7 Other Securities (Departments of Industries and Commerce, Lands and Survey, Maori Affairs, Social Security, Stores Control Board (Disposals), and Works) .. .. .. ..23 Post Office . . .. ~ .. .. .. .. .. .. 8 Public Trust Office .. .. .. .. .. .. .. .. .. 12 State Advances Corporation (Housing Branch) .. .. .. .. .. 15 State Fire Insurance Office . V." .. .. .. .. .. .. 16 Summary, &c. .. : .. .. .. .. .. .. .. .. 24 Treasury .. .. .. .. .. .. .. .. .. .. 18

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PUBLIC SECURITIES HELD BY THE GOVERNMENT ACCIDENT INSURANCE OFFICE

2

Particulars of Security. Amount held as at 31st March, 1948. Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Kate of Interest. or redeemed. 31st March, 1949. Held in New Zealand Neiv Zealand Government Securities 0/ /o £ £ £ £ New Zealand Loans Act, 1932 (stock) 15/5/49/52 4 47,500 47,500 1/10/53 2£ 50,000 50,000 15/6/52-55 4 27,385 27,385 15/1/53-57 3i 24,000 24,000 15/9/57-60 31 69,030 69,030 15/4/60-63 3 55,585 55,585 15/7/62-64 3 394,000 394,000 15/7/63-65 3 50,000 50,000 „ (Treasury bill) 10/3/49 1 50,000 50,000 Local Authorities'' Securities Local authorities' securities Various Var. 104,188 6,600 18,840 91,948 Other Securities State Advances Corporation of New Zealand (stock) 1/9/60 3| • 5,000 5,000 Total .. 826,688 56,600 68,840 814,448

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PUBLIC SECURITIES HELD BY THE NEW ZEALAND GOVERNMENT INSURANCE DEPARTMENT

3

Farticulars of Security. Amount held as at 31st March, 1948. Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Bate of Interest. or redeemed. 31st March, 1949. Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) 15/2/49-50 2* 40,000 40,000 > >J 15/5/49-52 4 512,390 512,390 ', » 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 % 3 4 3 3 3 8* 3 4 3i 3 3-1 3 3 3 102,600 269,000 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 42,540 1,710 5,000 27,245 i2,560 io,ooo 145,140 270,710 49,500 53,800 25,000 242,245 182,060 1,968,560 90,000 50,000 1,109,500 604,900 31,070 399,090 204,950 15/7/62-64 15/7/63-65 3 3 616,000 175,000 250,000 616,000 425,000 Local Authorities' Securities Local authorities' securities Various Var. 2,712,021 416,600 160,145 2,968,476 Miscellaneous Securities Landed and house property (freehold) Various Var. 479,520 12,124 6,284 485,360 „ (leasehold) „ ,, 5,500 211 250 5,461 Mortgages .... » » 4,069,584 555,807 252,032 4,873,359 Held in London New Zealand consolidated stock 1/9/62-65 3i 782,375 156,475* 625,900 Total .. 14,719,860 1,333,797 575,186 15,478,471 * Adjusted as a result of reversion of New Zealand currency to parity with sterling as at 19th August, 1948.

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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, 1948. 31st March, 1949. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) ,, |! M * * • • * V • • 99 99 * * » » 99 19 99. 99 * ' • • 99 99 • • „ (Treasury bills) 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 10/3/49 10/3/50 0/ /o 3 3 3 3 3 3 3 3 1 1 £ 1,000 2,000 3,830 5,000 15,000 120,000 75,000 75,000 240,000 £ 8,000 330,000 40,000 £ 240,000 £ 1,000 2,000 3,830 5,000 15,000 128,000 75,000 405,000 40,000 Local Authorities' Securities Local authorities' securities Various H: 5,000 5,000 Miscellaneous Securities Advances to farm stations Mortgages .. ,, (special investment) Properties acquired .... Various Var. 101,045 326,034 350 17,230 22,237 50,641 51,701 '6,542 50,404 296,570 350 10,688 Total 986,489 400,237 348,884 1,037,842

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5

PUBLIC SECURITIES HELD BY THE MARKETING DEPARTMENT

Particulars of Security. Amount held as at 31st March, 1948. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1949. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) „ (Treasury bill) 15/6/47-49 15/2/49-50 15/4/50-51 15/7/61-63 15/7/62-64 15/7/63-65 10/3/49 % 2* 2£ 2i 3 3 3 1 £ 1,755 5,501,755 5,200,000 3,500,000 5,250,000 2,000,000 3,500,000 £ 8,500,000 £ 4,700,000* 3,500,000 £ 1,755 801,755 5,200,000 3,500,000 5,250,000 10,500,000 Other Securities Shares in Farm Products Co-operative (Wellington), Ltd. Shares in dairy company Shares in milk-treatment companies at cost 3,100 231 115,237 ' 500 231 3,100 115, 737 Held in London ; - Shares in United Kingdom Wool Disposals, Ltd. 62 62 Total .. .. ; ■ .V '• 25,072,140 8,500,500 8,200,231 25,372,409 * Transferred to New Zealand Dairy Products Marketing Commission.

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PUBLIC SECURITIES HELD BY THE MINES DEPARTMENT

6

Particulars of Security. Amount held ' as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1948. or redeemed. 31st March, 1949. Held in New Zealand State Coal-mines Account Mortgages : Housing loans to State coal-miners Mortgages Miscellaneous securities .. .. , Various 0/ /o Var. £ 77,626 14,717 £ 20,838 16,254 83,188 £ 9,128 7,078 984 £ 89,336 23,893 82,204 Mining Advances Account Mortgages with mining companies 6,084 6,084 Mines Department Miscellaneous securities Various Var. 127,731 10,392 5,262 132,861 Total .. .. .. 226,158 130,672 22,452 334,378

7

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PUBLIC SECURITIES HELD BY NEW ZEALAND BROADCASTING SERVICE

PUBLIC SECURITIES HELD BY THE NEW ZEALAND WOOL DISPOSAL COMMISSION

Particulars of Security. Amount held as at 31st March, 1948. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1949. Nature of Security. Maturity 1 Rate of Date. Interest. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932, (Treasury Bills) ,, (stock) 99 99 • • • • • * • • 99 99 ' »' • • • • • • .Total 10/3/49 10/3/50 15/4/50-51 15/12/53-56 15/2/55-58 15/7/63-65 % 1 1 21 3 3 3 £ 1,600,000 250 j000 50,000 50,000 £ 1,550,000 1,400,000 100,000 £ 3,150,000 £ 1,400,000 250,000 50,000 50,000 100,000 1,950,000 3,050,000 3,150,000 1,850,000

Particulars of Security. Amount held as at 31st March, 1948. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1949. Nature of Security. Maturity Date. Bate of Interest. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. 99 99 99 • • * • • • • • 99 ,99 • • • • • • • • 99 99 „ (Treasury bills) Total .. .. . - .. 15/4/50r-51 15/6/54-55 15/7/61-63 15/7/62-64 15/7/63-65 Various % 2* 2* 3 3 3 1 £ 200,000 1,050,000 £ 2,000,000 1,250,000 1,250,000 10,250,000 . £ 1,250,000 6,750,000 £ 2,000,000 1,250,000 200,000 1,050,000 3,500,000 1,250,000 14,750,000 8,000,000 8,000,000

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PUBLIC SECURITIES HELD BY THE POST OFFICE

8

Particulars of Security. Amount held as at Purchased or Ptnlrl rpnpwpfl Amount held as at 31st March, 1949. Nature of Security. Maturity Date. Rate of Interest. 31st March, 1948. issued in Renewal. or redeemed. SECURITIES HELD IN RESPECT OF SAVINGS-BANK INVESTMENTS Held in New Zealand % 3| £ * e r State Advances Corporation of New Zealand (stock) 1/9/55 211,510 ob 211,510 1/8/60 3f 1,605,000 1,605,000 1/8/63 3f 660,000 660,000 1/8/71 3 6,000,000 6,000,000 1/8/72 3| 750,000 750,000 1/8/73 3 3,300,000 4,700,000 8,000,000 1/8/74 3 1,000,000 1,000,000 1/8/75 3f 6,500,000 6,500,000 New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/7/57 n 21,900,000 21,900,000 » „ 15/8/57 2£ 38,000,000 38,000,000 " » 15/9/57 3 19,920,000 19,920,000 " „ 15/10/57 n 30,348,000 30,348,000 " " 15/12/58 3 )PPICE SAVINGS- 1 17,770,000 17,770,000 Total .. 146,964,510 5,700,000 152,664,510 WAR GRATUITY POST ( ANK Held in New Zealand New Zealand Government Securities % £ £ £ 700,000 £ 11,300,000 New Zealand Loans Act, 1932 (stock) 15/7/57 12,000,000 Total .. 12,000,000 700,000 11,300,000

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9

SECURITIES HELD IN RESPECT C Held in New Zealand Local Authorities' Securities Local authorities' securities )F SAVINGS-BANK /o Various Var. 1/9/62-65 3|: rrency to parity with ste kTIONAL SAVINGS 0/ 15/11/58 3° school savings funds., T OF NATIONAL 0/ 15/11/58 3° INVESTME1 £ 357,896 *TS £ £ 25,483 £ 332,413 Total .. 357,896 25,483 332,413 Held in London New Zealand Government Securities New Zealand consolidated stock £ 2,825,619 £ £ *565,124 £ . 2,260,495 Total 2,825,619 565,124 2,260,495 * Adjusted as a result of reversion of New Zealand ei SECURITIES HELD IN RESPECT OF N Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) rling as at 19th August, 1948. , INVESTMENTS £ £ 31,481,000 3,300,000 £ £ 34,781,000 Total 31,481,000 3, 300,000 34,781,000f t Includes £151,000 SECURITIES HELD IN RESPEC Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) SAVINGS BONDS £ 8,769,000 £ £ 2,750,000 £ 6,019,000 Total .. 8,769,000 • 2,750,000 6,019,000

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Public Securities held by the Post Office— continued

10

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Hate of Interest. 31st March, 1948. or redeemed. 31st March, 1949. SECURITIES HELD IN RESPECT OF POST OFFICE INVESTMENT CERTIFICATES Held in New Zealand OLD ISSUE State Advances Corporation Securities State Advances Corporation of New Zealand (stock) 1/8/60 % 3| ■ £ 6,040 £ £ £ 6,040 NEW ISSUE State Advances Corporation Securities State Advances Corporation of New Zealand (stock) 1/8/60 3f 5,710 5,710 SIX-YEAR CURRENCY New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/9/57 3 80,000 80,000 State Advances ■ Corporation Securities State Advances Corporation of New Zealand (stock) 1/8/60 3| 15,900 15,900 Total . 107,650 107,650

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11

SECURITIES HELD IN RESPECT OF DEPI Held in New Zealand State Advances Corporation of New Zealand (stock) New Zealand Government Securities New Zealand Loans Act, 1932 (stock) tECIATION AND 0 % 1/8/60 3| 1/8/63 3f 1/8/73 3 15/7/57 2415/10/57 2£ 16/i2/58 3 [ELD BY THE PO£ /o Various Var. THER RESI £ 2,877,350 780,000 1,100,000 1,000,000 1,655,650 1,370,000 RVE FUNDS £ 1 £ 1,100,000 1,000,000 £ 2,877,350 780,000 1,655,650 1,370,000 Total .. 8,783,000 2,100,000 6,683,000 SUMMARY OF SECURITIES E Securities held in respect of savings-bank investments — Securities held in New Zealand Savings-bank War Gratuities Account Local authorities' securities Securities held in London >T OFFICE £ 146,964,510 12,000,000 357,896 2,825,619 £ 5,700,000 £ 700,000 25,483 565,124 £ 152,664,510 11,300,000 332,413 2,260,495 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 162,148,025 31,481,000 8,769,000 107,650 8,783,000 5,700,000 3,300,000 1,290,607 2,750,000 2,100,000 166,557,418 34,781,000 6,019,000 107,650 6,683,000 Total .. 211,288,675 9,000,000 6,140,607 214,148,068

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PUBLIC SECURITIES HELD BY THE PUBLIC TRUST OFFICE

12

Particulars of Security. Amount held Amount held as at ° r renewed. as at Maturity Rate of 31st March, • T> enewa j redeemed. 31st March, Nature of Security. Date Interest. 1948 - Renewal. 1949 Held in New Zealand % £ £ £ Mortgages .. .. .. .. .. .. .. Various Var. 9,501,470 1,253,843 1,080,318 9,674,995 Local authorities' securities ... .. .. .. .. „ „ 6,122,954 375,284 357,562 6,140,676 New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. ... .. .. 15/5/48 2£ 22,850 .. 22,850 .. 30/11/48 4 234,725 2,000 236,725 .. 15/6/47-49 2£ 157,005 9,310 100,000 66,315 .. 15/2/49-50' 2i 57,455 11,915 .. 69,370 .. 15/4/49-51 2\ 2,800 520 .. 3,320 „ „ .. .. .. .. 15/4/50-51 2i 1,730 1,600 .. 3,330 „ „ .. .. .. .. 15/5/49-52 4 362,085 67,135 .. 429,220 „ „ .. .. .. .. 1/10/53 2\ 133,435 43,800 .. 177,235 1/8/51-54 3 87,200 1,900 .. 89,100 .. 15/6/52-55 4 511,465 7,780 .. 519,245 .. 15/9/52-55 3 42,970 250 .. 43,220 .. 15/5/53-56 3 4,840 30 .. 4,870 .. 15/12/53-56 3 79,455 4,120 .. 83,575' .. 15/1/53-57 3£ 2,821,745 9,270 .. 2,831,015 . .. •• .. 15/2/55-58 3 492,180 1,930 .. 494,110 .. 31/5/54-58 4 336,615 2,100 .. 338,715 .. 15/12/58 3 2,605,150 1,780 4,180 2,602,750 .. 15/1/56-59 3J 532,540 1,000 .. 533,540 .. 15/4/56-59 3 201,500 2,100 .. 203,600 „ . . . . . . . . 22/5/60 3} 200 . . .. 200 „ .... .. .. 15/9/57-60 3J 1,352,875 9,365 .. 1,362,240 .. 15/11/57-60 3 46,485 3,870 .. 50,355 .. 15/4/60-63 3 820,410 3,860 .. 824,270 .... .. .. 15/7/61-63 3 453,000 5,810 .. 458,810 .. 15/7/62-64 3 958,900 5,525 .. 964,425 .. 15/7/63-65 3 150,000 781,350 .. 931,350

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13

State Advances Corporation of New Zealand (stock) Mortgages securities acquired v .. . . Advances to protect securities Leasehold and freehold property and balance of purchase-money on premises sold Held in Londox Midland Bank, Ltd. (fixed deposit receipts) 1/9/55-60 At call 3| i 52,200 185,737 17,701 315,321 18,750 12,500 9,111 16,843 536 48,091 8,061 6,470 18,750 12,500 52,200 146,757 26,483 309,387 Total 28,696,248* 2,633,937 €,895,507 29,434,678 * Securities of the Superannuation Funds previously included with Public Trust Office securities are now shown separately under the heading " Public Securities Held by the Government Superannuation Board." *

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m Public Securities Held by the Public Trust Office (Included in the foregoing return) Statement of Public Sectjbxties Held by the Public Trustee in the Dominion of New Zealand as on 31st March, 1949 Mortgages Common Fund of the Public Trust Office — £ £ Flat .. .. .. .. .. .. 5,893,278 Instalment mortgages .. .. .. .. .. .. 3,062,848 National Provident Fund . . .. .. .. .. .. 669,325 Land Settlement Finance Act Associations .. .. .. .. 49,544 9,674,995 Local Authorities' Securities Common Fund of the Public Trust Office .. .. .. .. 5,173,128 National Provident Fund .. .. .. .. .. .. 967,548 • 6,140,676 Government Securities Common Fund of the Public Trust Office .. .. .. 4,735,515 National Provident Fund .. .. .. .. .. .. 8,348,665 13,084,180 State Advances Corporation of New Zealand Stock Common Fund of the Public Trust Office .. .. .. .. 52,200 Mortgages Securities Acquired Common Fund of the Public Trust Office .. .. .. .. .. 146,757 • Advances to Protect Securities Common Fund of the Public Trust Office .. .. .. .. .. 26,483 Property Titles to freehold and leasehold property and balance of purchase-money on premises sold 309,387 £29,434,678

14

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

15

Particulars of Security. Amount held as at 31st March, 1948. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1949. Nature of Security. Maturity Date. Rate of Interest. Held in New Zealand Local authorities' debentures Rural Housing Act, 1939 (debentures) .. .. • • « Mortgages and debentures (dairy companies) Total Various Various 0/ /o 3 3 3 £ 974,052 134,376 15,195 £ 140,400 12,231 14,455 £ 61,830 14,916 925 £ 1,052,622 131,691 28,725 1,123,623 167,086 77,671 1,213,038 \

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PUBLIC SECURITIES HELD BY THE STATE FIRE INSURANCE OFFICE

16

Particulars of Security. Amount held Purchased or Sold, renewed, or redeemed. Amount held Nature of Security. Maturity Date. Bate of Interest. as at 31st March, 1948. issued in Renewal. as at 31st March, 1949. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) » 99 • • • • • • . • 99 ,99 • • . • . . 99 99 • • • ♦ • • • • 99 )>' • • • « t . . . ' ' ' ' * " 7 J*9 : r " " 99 • • • • • • « : - : : (Treasury bill).. 15/5/49-52 1/10/53 15/6/52-55 15/1/53-57 15/9/57-60 15/4/60-63 15/7/62-64 15/7/63-65 10/3/49 % 4 2i 4 31 H 3 3 3 1 £ 212,910 50,000 15,400 143,000 117,715 156,575 355,000 100,000 £ 100,000 £ 100,000 £ 212,910 50,000 15,400 143,000 117,715 156,575 355,000 100,000 Local Authorities' Securities Local authorities' securities Various Var. 179,717 10,000 30,746 158,971 Other Securities Mastertara Trust Lands Trust : Debentures under Section 70, Local Legislation Act, 1936 (Nos. 13-20) State Advances Corporation of New Zealand (stock) Fixed deposits (Bank of New Zealand) .. . . ... , .■ 99 • • • • .... 26/1/57. 1/9/60 .31/7/48 30/10/48 11/11/48 1/3/49 31/7/49 30/10/49 11/11/49 1/3/50 H 3f 1| If If " If If If If If 1,800 5,000 5,000 10,000 5,000 30,000 j *5,000 10,000 5,000 30,000 200 5,000 10,000 5,000 30,000 1,600 5,000 5,000 10,000 5,000 30,000 Land and house property 1,387,117 120,518 160,000 180,946 23,322 1,366,171 97,196 Total • 1,507,635 160,000 204,268 | 1,463,367

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RETURN OF PUBLIC SECURITIES HELD BY THE GOVERNMENT SUPERANNUATION BOARD

17

to Particulars of Security. Amount held aa at 31st March, Purchased or issued Sold, renewed. Amount held as at 1 or redeemed. 31st Maxell, g Nature of Security. Rate of Interest, 1948. in Renewal. 1949. Held in New Zealand New Zealand Government Securitie 3 0/ /o £ £ £ £ New Zealand Loans Act, 1932 (stock) 30/11/48 4 15,100 15,100 „ ,, 15/6/47-49 21 100 100 15/4/50-51 2i 500 500 15/5/49-52 4 990 990 1/10/53 2i 24,350 24,350 • 1/8/51-54 3 2,530 2,530 15/6/52-55 4 232,655 232,655 15/9/52-55 3 37.030 37,030 15/5/53-56 8 25,680 25,680 15/12/53/56 3 29.245 29,245 15/1/53-57 3| 411,150 411,150 15/2/55-58 3 5,445 5,445 31/5/54-58 4 57,800 57,800 15/12/58 3 220,000 220,000 15/1/56-59 3i 156,490 156,490 15 4/56-59 3 9,800 9,800 22/5/60 n 1,650 1,650 15/9 '57-60 3i 30.505 30,505 15/11/57-60 3 9,985 9,985 15/4/60-63 3 345,030 1,025 346,055 15/7/61-63 3 150 500 650 15/7/62-64 3 621,350 1,000 622,350 » 15/7/63-65 3 1,687,100 1,687,100 Other Securities State Advances Corporation of New Zealand (stock) . 1/9/55-60 3f 80,700 80,700 Mortgages Various \ ax. 1.309.297 5,412 339,672 975,037 Local authorities' securities „ 3S 695,174 33,110 662,064 Mortgages securities acquired 19.233 600 18,633 Advances to protect securities 427 •• 400 27 Total ... 4,342,366 1,695,037 388,882 5,648,521 •

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PUBLIC SECURITIES HELD BY THE TREASURY

18

Particulars of Security. Amount held as at Purchased or issued in Renewal. 1 Sold, renewed, Amount held as at Nature of Security. Maturity ! Date. Rate of Interest. 31st March, 1948. or redeemed. 31st March, 1949. ORDINARY REVENUE ACCOUNT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) „ (stock) 21/4/48 15/3/62 % i 1 1 £ 4,000,000 £ 5,500,000 £ 4,000,000 £ 5,500,000 Total 4,000,000 5,500,000 4,000,000 5,500,000 DEPOSITS ACCOUNT Held in New Zealand | New Zealand Government Securities New Zealand Loans Act, 1932 (Treasury bills) .. .. .. „ (stock) .. .. .. 10/3/50 15/7/57 15/10/57 15/12/58 15/3/62 0/ /o 1 n 3 1 £ 1,200,000 1,096,350 ! 185,995 6,000,000 £ 1,555,000 550.000 5,000,000 £ 1,200,000 3,000,000 6,000,000 £ 1,555, 000 550,000 3,096,350 185,995 Other Securities State Advances Corporation of New Zealand (stock) 1/8/73 1/8/74 3 3 400,000 2,000,000 400,000 2,000,000 Held in London Fixed deposit with Bank of New Zealand, London .. .. 15/4/48 i 750,000 750,000 Total 1 9,632,345 9,105,000 11,350,000 7,387,345

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19

AIR Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) DEFENCE FUND % .. 15/7/57 2 \ AND WAR DAMAGE I % .. 15/8/57 2i .. 15/4/59-69 3 " " ADEMPTION ACCOUNT 0/ /o .. 15/3/62 1 .. 1/6/49 \ £ £ 1,600,000 £ £ 1,600,000 Total 1,600,000 1,600,000 EARTHQUAKE Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Held in London Imperial Funding Loan .. * .» £ 4,270,000 1,500,000 £ 645,125 £ 339,525* £ 4,270,000 1,805,600 Total .. 5.770,000 645,125 339,525 6,075,600 LOANS RI Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Held in London Fixed deposits with Bank of New Zealand, London £ 4,000,000 £ 3,000,000 985,000 £ 4,000,000 £ 3,000,000 985,000 Total .. 4,000,000 3,985,000 4,000,000 3,985,000 .

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Public Securities held by the Treasury— continued

20

Particulars of Security. 1 Amount held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity j Date. Rate of | Interest. | 31st March, 1948. or redeemed. 31st March, 1949. RESERVE FUND ACCOUNT Held in London Imperial Funding Loan (stock) Imperial War Loan (stock) 15/4/59-69 1/12/52 1 0/ 1 • /o 3 1 £ 2,010,000 580,000 £ 1 113,150 •• £ 412,250* 116,000* £ 1,710,900 464,000 Total 2,590,000 113,150 528,250 2,174,900 1 ! SOCIAL SECURITY FUND Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 bills) Various °/ /o ! . 1 £ i 5,000,000 1 £ 8,000,000 £ 5,000,000 £ 8,000,000 Total 5,000,000 . . . ... .. 8.000.000 . 5,000,000 8,000,000 WAR EXPEN SES ACCOU NT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/3/62 ' l /0 £ £ 1,500,000 £ £ 1,500,000 Total 1,500,000 1,500,000 WORKING RAI] LWAYS ACC JOUNT Held in New Zealand Neic Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/7/57 0/ /o 2i £ 800,000 £ £ 250,000 £ 550,000 Total 800,000 250,000 550,000

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f 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 3, this information is published in the Public Accounts (B-l [Pt. I]) for 1948-49, page 67. J Exclusive of interest which is included in the face value of debentures. § This total includes an amount of £1,679,311 representing the principal outstanding on interest-free supplementary loans on farm and residential securities.

21

Public Securities Held by the —continuedpublic ' ACCOUNT CASH BALANCE INVESTMENT ACCOUNT Held in New Zealand New Zealand Government Securities New Zealand Loan? Act, 1932 (Treasury bills) (stock) Various 15/7/57 15/11/58 15/3/62 % 1 21 3~ 1 £ £ 97,660,000 3,150,000 500,000 14,000,000 £ 97,660,000 3,150,000 500,000 14,000,000 £ Other Securities State Advances Corporation of New Zealand (stock) 1/8/73 1/8 '74 3 3 3,600,000 3,000,000 3,600,000 3.000,000 Held in London Fixed deposits with Bank of New Zealand, London .. 1/10/48 i land currency to parity with st 5,172,500 5,172,500 Total .. 127,082,500 127,082,500 * Adjusted as a result of reversion of New 7.e; srling as at 19th August, 1948. SECURITIES NOT INCLUDED IN INVESTMENT ACCOUNTS : MISCELLANEOUS! Heid in New Zealand Local Authorities" Securities Hutt Road Act. 1915 Aiickland Hospital Board (debentures) Masterton Licensing Trust (deed of repayment) Rotorua Borough Council (debentures) 1/4/66 Various 8/11/58 -5/12/72 0/ /o 4 31 4 31 £ 60,000 589,233 £ 30,000 27,000 £ 22,061 '1,080 £ 60,000 567,172$ 30,000 25,920 Other Securities Agriculture Emergency Powers Act, 1934 : Miscellaneous advances Farmers' Loans Emergency Regulations 1940 : Advances Hawkes Bay Earthquake Act, 1931 : Miscellaneous advances General Purposes Relief Account : Advances .. Rehabilitation Act. 1941 : Loans Advances to Government of Fiji for war purposes Miscellaneous advances Various Various Var. Free Var. 22,179 12,040 394,629 40,650 4,515,615 20,585 - 9,029 2,122,938 453,669 1,784 7,210 47,241 3,079 1,377,078 "1,783 20,395 4,830 347,388 46,600 5,261,475§ 453,669 18,802 Total 5,654,931 2,642,636 1,461,316 6,836,251

B—lo

SUMMARY OF PUBLIC SECURITIES HELD BY THE TREASURY

22

Amount held at 31st March, Amount held Purchased or Sold, renewed, or redeemed. 1949. Name of Investment Account. at 31st March, 1948. issued in Renewal. In New Zealand. In London. £ £ £ £ £ Ordinary Revenue Account 4,000,000 5,500,000 4,000,000 5,500,000 Deposits Account 9,632,345 9,105,000 11,350,000 7,387,345 Air Defence Fund 1,600,000 1,600,000 Earthquake and War Damage Func 5,770,000 645,125 339,525 4,270,000 1,805,600 Loans Redemption Account 4,000,000 3,985,000 4,000,000 3,000,000 985,000 Reserve Fund Account .. 2,590,000 113,150 528,250 2,174,900 Social Security Fund 5,000,000 8,000,000 5,000,000 8,000,000 War Expenses Account .. 1,500,000 1,500,000 Working Railways Account 800,000 250,000 550,000 Public Account Cash Balance Investment Account . 127,082,500 127,082,500 31,792,345 157,530,775 152,550,275 31,807,345 4,965,500 Miscellaneous securities not included in Investment Accounts 5,654,931 2,642,636 1,461,316 6,836,251 Total .. .. .. ... 37,447,276 160,173,411 154,011,591 38,643,596 4,965,500 i -

B —lo

OTHER SECURITIES

23

Securities. Amount held at 31st March, 1949. Held in New Zealand Industries and Commerce Department New Zealand Government stock £ 7,000 Lands and, Survey Department Mortgages, &c. Shares in Santoft Station, Ltd., at cost 484,491 110,000 Maori Affairs Department * Advances made under Part I 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 3,269,366 Social Security Department TDehentures, &c. 97,390 Stores Control Hoard (Disposals) Agreements, &c. .. .. .. .. .. .. .'. 655 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 River Trust Lower Clutha River Trust 52,551 95,026 3,093 157,732 79,595 2,486 4,359,385 * Moat of the advances under Part 1 of the Maori Land Act, 1931, are secured by statutory charge (vide section 13 of the Maori Land Amendment Act, 1936).

B—lo

SUMMARY OF SECURITIES HELD BY THE UNDERMENTIONED OFFICES AS ON 31st MARCH, 1949

Approximate Cost of Paper.—Preparation, not given printing (589 copies), £56.

By Authority: E. E. Owen ? Government Printer ? Wellington.—l 949. Price 9d.)

24

— Held in Maturity Date. Kate of Interest. Amount held as on 31st March, 1949. Government Accident Insurance Office Dominion .. Various Various 814,448 Government Insurance Office London " 14,852,571 025,900 Maori Trustee ... Dominion . . .. 1,037,842 Marketing Department London „ 25,372,347 02 Mines Department Dominion . ,, „ .'534,378 New Zealand Broadcasting Service ,, ,, 1,850,000 New Zealand Wool Disposal Commission » j; 8,000,000 Post Office London » 211,887,573 2,200,495 Public Trust Office Dominion . , 20,434,078 State Advances Corporation (Housing Branch) . ,, ,, 1,213,038 State Fire Insurance Office „ ,, ,, 1,463,367 Government Superannuation Board ,, ,, ,, 5,648,521 Treasury London ,, 38,043,590 4,965,500 Miscellaneous Dominion . 4,359,385 *352,703,701 * 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 TB-I [Pt 1| for 1948-49, page 67).