PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1950 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1950, AS PROVIDED BY SECTION 107, SUBSECTION (2), OF THE PUBLIC REVENUES ACT, 1926.

Appendix to the Journals of the House of Representatives, 1950 Session I, B-10

B—lo

1950 NEW ZEALAND

PUBLIC SECURITIES HELD IN THE DOMINION OR ELSEWHERE AS ON THE 31st MARCH, 1950 (RETURN OF), TOGETHER WITH AN ACCOUNT OF ALL SECURITIES REDEEMED OR OTHERWISE DISPOSED OF DURING THE YEAR ENDED 31st MARCH, 1950, 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 Department .. .. .. .. .. .. 3 Government Superannuation Board .. .. .. .. .. .. 15 Maori Trustee .. .. .. .. .. .. .. .. 4 Marketing Department .... .. .. .. .. .. 5 Mines Department .. .. .. .. .. .. .. .. .. 6 National Provident Fund Board .. .. .. .. .. .. .. 7 New Zealand Broadcasting Service .. .. .. .. .. .. 8 New Zealand Wool Disposal Commission .. .. .. .. .. 8 Other Securities (Departments of Industries and Commerce, Lands and Survey, Maori Affairs, Social Security, Government Stores Board (Disposals), and Works) .. .. .. 21 Post Office .. .. .. .. .. .. .. .. .. 9 Public Trust Office .. .. .. .. .. .. .. .. .. 12 State Advances Corporation (Housing Branch) .. .. .. .. .. 13 State Fire Insurance Office .. .. .. .. .. .. .. .. 14 Summary, &c. .. .. .. .. .. .. .. .. .. 22 Treasury .. .. .. .. .. .. .. .. 16

B—lo

2

PUBLIC SECURITIES HELD BY THE GOVERNMENT ACCIDENT INSURANCE OFFICE

Particulars of Security. Amount held as at Purchased or issued ,ia Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March; 1949. or redeemed. 31st March, 1950. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Vf 99 • • ■ • • • • 4 9 f ,, .... 99 9 9 * • • • • • • • 99 99 • • • • • • ' * 99 • t . . . . • • 15/5/49-52 1/10/53 15/6/52-55 15/1/53-57 15/9/57-60 15/4/60-63 15/6/61-64 15/7/62-64 15/7/63-65 0/ /o 4 n 4 H H 3 3 3 3 £ 47,500 50,000 27, $85 24,000 69,030 55,585 394,000 50,000 £ 47,500 £ 47,500 £ 50,000 27,385 24,000 60,030 55 j 585 47,500 394,000 50,000 Other Securities Local authorities' securities .. .. .. .. v. State Advances (Sofporation of New Zealand (stock) Various 1/9/55-60 Var. 3| 91,948 5,000 11,715 80,233 5,000 814,443 47,500 59,215 802,733 ftetLfYteES' LIABILITY INSURANCE ACCOUNT NvA) Zealand (Government Securities New Zealand LotoS Act;, 1932 (stock) 15/5/64-66 3 . 750,000 750,000 fern! 814,448 797,500 59,215 1,552,733 .

B—lo

PUBLIC SECURITIES HELD BY THE NEW ZEALAND GOVERNMENT INSURANCE DEPARTMENT

3

Particulars of Security. Amount held Pnr hasp ] or Amount held as at Sold, renewed, as at 31st March, 1n or redeemed. 31st March, Maturity Rate of 1Q/1Q in .Renewal. Nature of Security. Date / i nte rest. 1949 ' 1950 ' Held in New Zealand ftfew Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) . . .. .. •• 15/2/49-50 2£ 40-,000 .. 40-,000 „ „ ... .. .. .. 15/5/49-52 4 512,390 .. 512, 300 „ .. .. .. .. 1/10/53 2} 145,140 .. .. 145,140 „ „ .. .. .. 1/8/51-54 3 270,710 .. 270,710 „ „ .. .. .. .. 15/6/52-55 4 49,500 3,000 | 52,500 .. 15/9/52-55 3 53,800 .. .. 53,800 .. 15/5/53-56 3 25,000 .. .. 25,000 .. 15/12/53-56 3 242,245 ., .. 242,245 „ „ .. .. .. .. 15/1/53-57 3| 182,060 .. .. 182,060 • n .. .. ., .. 31/5/54-58 4 90,000 .. .. 90,000 u .. .. .. ., 1&/2/55-58 3 1,968,560 25,000 .. 1,993,560 „ ... .. ,, .. 15/1 /SIM® 3i 50,000 .. .. 50,000 .. .... .. .. 15/4/56-59 3 1,100-, 500 14,170 .. 1,123,670 „ ... .. .. 15/9/57-60 3J 604-, 900 2,945 .. 607,845 „ .. .. ., 15/11/57-60 3 31-,070 .. .. 31,070 „ .. ... .. .. 15/4/60-63 3 399,090 .. .. 399,090 jj ,, ... .. 15/7/61-63 3 204,950 .. .. 204,950 ... 15/6/61-64 3 .. 552,390 .. 552,390 n „ ... .. .. .. 15/7/62-64 3 616,000 8,000 .. 624,000 .. 15/7/63-65 3 425,000 15,500 . 440,500 .. 15/5/64-66 3 .. 300,000 .. 300,000 Other Securities Local authorities' securities . . .. •• •• •• Various Vat. 2,968,476 449,705 147,376 3,270, 805 Landed and house property (freehold) .. .. .. .. „ ,, 485,360 .. 6,700 478,660 „ (leasehold) .. .. .. .. ,, „ 5,461 .. 461 5,900 Mortgages .. .. .. .. •• .. •• » » 4,373,359 605,667 300,844 4,678,182 Held in New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. .. .. .. 1/9/62-65 3£ 625,900 .. .. 625,900 Total .. .. .. •• •• •• .. •• 15,478,471 1,976,377 1,007,771 16,447,077

B—lo

PUBLIC SECURITIES HELD BY THE MAORI TRUSTEE

4

Particulars of Security. Amount held as at 31st March, 1949. Purchased or Sold, renewed, or redeemed. Amount held as at 31st March, 1950. 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) 99 )) M 99 99 99 • • 99 99 99 99 99 99 • • 99 99 • • • • • • 99 99 99 99 ,, (Treasury bill) 15/9/52-55 15/5/53-56 15/5/55-56 15/12/53-56 15/2/55-58 15/4/56-59 15/7/61-63 15/7/62-64 15/7/63-65 15/5/64-66 10/3/50 10/3/51 0/ /o 3 3 H 3 3 3 3 3 3 3 1 1 £ 1,000 2,000 3,830 5,000 15,000 128,000 75,000 405,000 40,000 £ 80,000 140,000 40,000 £ 40,000 £ 1,000 2,000 80,000 3,830 5,000 15,000 128,000 75,000 405,000 140,000 40,000 Other Securities Local authorities' securities Advances on current account to protect securities Mortgages „ (special investment) Properties acquired on default of mortgagors Various Various H Var. H 5,000 50,404 296,570 350 10,688 18,775 10,973 36,337 350 5,317 5,000 39,431 279,008 5,371 Total 1 1,037,842 278,775 92,977 1,223,640

B—lo

PUBLIC SECURITIES HELD BY THE MARKETING DEPARTMENT

5

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at Nature of Security. Maturity Date. Rate of Interest. 31st March, 1949. 31st March, 1950. 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 15/6/54-55 15/5/55-56 15/7/61-63 15/7/62-64 15/7/63-65 15/5/64-66; 10/3/50 % 2 * H 2i n 3 3 3 3 1 £ 1,755 801,755 5,200,000 3,500,000 5,250,000 10,500,000 £ 800,000 2,000,000 500,000 3,000,000 £ 1,755 801,755 3,000,000 £ 5,200,000 800,000 2,000,000 3,500,000 5,250,000 10,500,000 500,000 Other Securities Shares in Farm Products Co-operative (Wellington), Ltd. Shares in milk-treatment companies at cost 3,100 115,737 84,485 192,422 3,100 " 7,800 Held in London -. Shares in United Kingdom Wool Disposals, Ltd. .. .. 62 62 Total 25,372,409 6,384,485 3,995,932 27,760,962

B—lo

PUBLIC SECURITIES HELD BY THE MINES DEPARTMENT

6

Particulars of Security. Amount held as at Purchased or Sold, renewed, or redeemed. Amount held as ftt 31st March, 1950. Nature of Security. Maturity Date. Rate of Interest. 31st March, 1949. issued in Renewal. Held in New Zealand State Goal-mines Account Mortgages : Housing loans to State Coal-miners Mortgages Miscellaneous securities Various 0/ /o Var. £ 89,336 23,893 82,204 £ 25,806 4,676 265 £ 8,461 11,951 21,811 ' £ 106,681 ,16; #18 60,658 Mining Advances Account Mortgages : Mining companies Var. 6,084 6,084 Mines Department Miscellaneous securities .. Various Var. 132,861 6,566 4,246 135,181 Total 334,378 37,313 46,469 325,222

B—lo

PUBLIC SECURITIES HELP BY THE NATIONAL PROVIDENT FUND BOARD

7

Particulars of Security. Amount held Purchased or „ ,. , Amount held as at SoM, renewed, as at x .. , 31st March, • i? "SLi or redeemed. 31st March, „ „ ., Maturity Rate of into in Renewal. * iqcn Nature pf.Seouwty, p ate / j nte rest. 1949 ' 1950 - % £ £ £ £ HELD IS NEW Zealand New Zealand Government Securities. "New Zealand Loans Act, 1932 (stock) , .. .. 1/8/51-54 3 32,250. .. S2»250 .. 15/6/52-55 4 398,550 .. .. 398,550 'i .. 34 .2,398,355 .. 2,398,355 .. 31/5/54-58 4 284,000 .. .. 284,000 .. 15/12/58 3 2,602,000 .. .. 2,602,000 .. 15/1/56-59 3J 259,600 .. .. 259,600 .. 15/9/57-60 3J 197,450 .. .. 197,450 .. 15/4/60-63 3 809,060 ., 809,0.60 .. 15/7/62-64 3 758,900 .. .. 758,9.0.0. .. 15/7/6&-65 3 608,500 ,. .. 608,500 " „ .. .. .. .. 15/5/64-66 3 .. 620,000 .. 620,000 Other Securities State Advances Corporation of New Zealand (stock) .. .. 1/9/55-60 3f 50,000 .. .. 50,000 Mortgages .. .. .. .. .. .. .. Various Var. 66,9,825 64,980 110,652 623,653 Properties acquired on default of mortgagors .. .. .. ,, •• 6,305 • • , , Local authorities' securities Various Var. 967,548 239,400 61,294 1,145,654 Total .. .. .. .. •• •• •• 10,035,538* 930,685 171,946 10,794,277 * Tiieae securities were included in previous returns wife securities of "the Public Trust Office.

B—lo

PUBLIC SECURITIES HELD BY THE NEW ZEALAND WOOL DISPOSAL COMMISSION

PUBLIC SECURITIES HELD BY THE NEW ZEALAND BROADCASTING SERVICE

8

Particulars of Security. Amount held as at 31st March, 1949. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1950. Nature of Security. Maturity Date. Rate of Interest. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 99 99 99 99 • • • • • • • • 99 99 „ (Treasury bills) Total 15/4/50-51 1/10/53 15/6/54-55 15/5/55-56 15/7/61-63 15/7/62-64 Various % 2i 2i 2i H 3 3 1 £ 2,000,000 1,250,000 200,000 1,050,000 3,500,000 £ 622,000 1,250,000 19,200,000 £ 16,100,000 £ 2,000,000 622,000 1,250,000 1,250,000 200,000 1,050,000 6,600,000 8,000,000 21,072,000 16,100,000 12,972,000

Particulars of Security. Amount held as at 31st March, 1949. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1950. Nature of Security. Maturity Date. Bate of Interest. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) ,, (Treasury bills) Total 15/4/50-51 15/12/53-56 15/2/55-58 15/7/63-65 15/5/64-66 10/3/50 10/6/50 2i 3 3 3 3 1 1 £ 250,000 50,000 50,000 100,000 1,400,000 £ 100,000 1,050,000 £ 50,000 50,000 1,400,000 £ 250,000 100,000 100,000 1,050,000 1,850,000 1,150,000 1,500,000 1,500,000

B—lo

PUBLIC SECURITIES HELD BY THE POST OFFICE

9

Particulars of Security. Amount held t.,,, „ , _ Amount held as at rurcnasea or gol(i renewed ag at Matnri+v Ratp nf 31st March, . , or redeemed. 31st March, Nature of Security. Date Interest. 1949, Renewal. 1950> SECURITIES HELD IN RESPECT OF SAVINGS-BANK INVESTMENTS Held in New Zealand New Zealand, Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/7/57 2£ 33,200,000 .. 7,300,000 25,900,000 .. 15/8/57 2| 38,000,000 .. .. 38,000,000 .. 15/9/57 3 19,920,000 .. .. 19,920,000 .. 15/10/57 2i 30,348,000 3,600,000 .. 33,948,000 .. 15/12/58 3 17,770,000 1,050,000 .. 18,820,000 Other Securities State Advances Corporation of New Zealand (stock) .. .. 1/8/60 3f 1,605,000 .. .. 1,605,000 ...... •• •• 1/9/55-60 3| 211,510 .. .. 211,510 „ .. .. 1/8/63 3$ 660,000 .. .. 660,000 „ .. .. 1/8/71 3 6,000,000 .. .. 6,000,000 „ .. .. .. 1/8/72 3f 750,000 .. .. 750,000 „ .. .. 1/8/73 3 8,000,000 .. .. 8,000,000 „ .. .. 1/8/74 3 1,000,000 3,600,000 .. 4,600,000 „ .. .. 1/8/75 3f 6,500,000 .. .. 6,500,000 „ .. .. 1/8/76 3 .. 4,000,000 .. 4,000,000 Local authorities' securities .. .. .. .. .. Various Var. 332,413 .. 25,513 306,900 Held in London New Zealand Government Securities New Zealand Loans Act, 1932 (stock) .. .. .. .. 1/9/62-65 3J 2,260,495 .. .. 2,260,495 Total .. .. .. .. .. .. .. .. 166,557,418* 12,250,000 7,325,513 171,481,905 * Includes £11,300,000 formerly shown as investments of War Gratuity Post Office Savings-bank.

B—lo

Public Securities held by the Post Office— continued

10

Particulars of Security. Amount held ag#.t 31st March, im Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 19M. Nature of Security. Maturity Date. Bate of Interest. SECURITIES HELD IN RESPECT 0,] HELD IN NEW Zealand New Zealand/ Government Securities New Zealand Loans Act, 1932 (stock) Total ♦Includes £151,000 SECURITIES HELD IN RESPECT Held in New Zealand New Zealand Government Securities New Zealand Loans Aet, 1932 (stock) Total SECURITIES HELD IN RESPECT OF P0 Held in New Zealand Other Securities .OLE JSSTJE State Advances Corporation of New Zealand (stock) NEW ISSUE CURRENCY) State Advances Corporation of New Zealand .(^tock) SIX-YEAR CURRENCY State Advances Corporation of New Zealand (stock) New Zealand Government Secwities New Zealand Loans Act, 1932 (stock) .. Total F NATIONJ 15/11/58 school savings C OF NATI 15/11/58 iST OFFICE 1/8/60 1/.&/40 1/8/60 15/9/57 ll sav: 0/ /o 3 funds. ONAL J % 3 I INVEf % 3| m 3| 3 [NGS. INYES £ 34,781,000 TMENTS £ 6,500, 000 £ £ 41,281,000 34,781,000 6,600,000 41,281,000* SAVINGS PO £ 6,019,000 >NDS £ £ 1,650,000 £ 4,369,000 6,019,000 1,650,000 , i 4,369,000 HTMEN'T CEI £ 6,040 5.J10 15,000 80,000 JTIFICATES £ £ r"-" """ '•- >v • £ 6,040 5,710 15,000 80,000 107,650 107,650

B—lo

11

SECURITIES HELD IN RESPECT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock), 99 99, • • Other Securities State Advances Corporation pf New Zealand (stock) • • 99 99 * * * * Total SUMMARY OF SECURITIES Securities held in respect of— Savings-bank investments National Savings investments National Savings Bonds Post Office investment certificates Surplus reserve funds Total of surp: 15/10/57 15/12/5.8 1/8/6,0. 1/8/63 HELH BY r Various LUS RI % H 3 at 3f rHE PC % Var. 5SERVE FUI £ 1,655,, 6.5,0 1,370., 00,0 2,877,350 780,000 SJDS £ £ 1,655,660, 1,370,000 £ 2,877,35ft 780,000 6,68^,0,00 3,025,650 3,657,350 >ST OFFICE. £ 166,557,418* 34,781 ,000 6,010,000 107,650 6,683,000 £ 12,250,000 6,500,000 £ 7,325,513 1,650,000 3,025,6,50 £ 171,481,905 t 41,281,0,00 4,360,000 107,650 3,657,350 214,148,068. 18,750,000 12,001,163 220,896,905 * Includes £11,300,000 formerly shown as investments of War Gratuity Post O.fflce Savings-bank. t Includes £151,000 school savings funds.

B—lo

PUBLIC SECURITIES HELD BY THE PUBLIC TRUST OFFICE

12

Particulars of Security. Amount held Purchased or Sold, renewed, Amount held as at as at issued in Renewal. Nature of Security. Maturity Date. Rate of Interest. 31st March, 1949. or redeemed. 31st March, 1950. Held in New Zealand % £ £ £ £ New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/6/47-49 2i 66,315 66,315 99 99 • • • • • • • • 15/2/49-50 2i 69,370 69,370 99 99 15/4/49-51 2i 3,320 3,320 99 99 15/4/50-51 2j 3,330 250 3,580 99 99 • • • • • • 15/5/49-52 4 429,220 429,220 99 99 1/10/53 2i 177,235 177,235 99 99 * • • • • • • • 1/8/51-54 3 56,850 56,850 99 99 • • • • • • • • 15/6/52-55 4 120,695 15,655 136,350 99 9 9 • • ♦ • • • 15/9/52-55 3 43,220 43,220 99 99 15/6/54-55 2i 7,000 7,000 99 99 ...... 15/5/53-56 3 4,870 4,870 15/12/53-56 3 83,575 200 83,775 99 99 15/1/53-57 H 432,660 9,835 442,495 99 99 31/5/54-58 4 54,715 2,370 57,085 99 99 • • • • • • • • 15/2/55-58 3 494,110 494,110 99 99 15/12/58 3 750 9,230 2,615 7,365 99 99 • • • • • • • • 15/1/56-59 H 273,940 600 274,540 99 99 15/4/56-59 3 203,600 203,600 99 99 • • • • • • • • 22/5/60 H 200 '200 99 99 15/9/57-60 H 1,164,790 6,985 1,171,775 99 99 15/11/57-60 3 50,355 50,355 99 ,, . . . . .... 15/4/60-63 3 15,210 15,210 99 9, 15/7/61-63 3 458,810 458,810 99 99 • • ♦ • 15/6/61-64 3 222,500 22,500 200,000 99 99 • • • • • . • . 15/7/62-64 3 205,525 205,525 )) 99 • • . . . . • . 15/7/63-65 3 322,850 322,850 Other Securities State Advances Corporation of New Zealand (stock) 1/9/55-60 3f 2,200 200 2,400 Local authorities' securities Various Var. 5,173,128 33,070 332,043 4,874,155 Mortgages Properties acquired on default of mortgagors 9,005,670 1,158,140 956,219 9,207,591 146,757 12,973 133,784 Advances on current account to protect securities 26,483 *9,396 6,785 29,094 Leasehold and freehold property 309,387 5,257 14,589 300,055 Total 19,399,140* 1,480,688 1,919,629 18,960,199 * Securities of the National Provident Fund previously included with Public Trust Office securities are now shown separately under the heading " Public Securities held bv the National Provident Fund Board."

B—lo

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

13

Particulars of Security. Amount held as at 31st March, 1949. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1950. Nature of Security. Maturity Date. Bate of Interest. Held in New Zealand Local authorities' debentures Rural Housing Act, 1939 (debentures) Mortgages and debentures (dairy and lime companies) Total Various >> 0/ /o 3 3 3 £ 1,052,622 131,691 28,725 £ 24,500 15,678 31,237 £ 83,362 19,410 1,541 £ 993,760 127,959 58,421 1,213,038 71,415 104,313 1,180,140 ========= ====i "

B—lo

PUBLIC SECURITIES HELD BY THE STATE FIRE INSURANCE OFFICE

14

Particulars of Security. Amount held as at 31st March, 1949. Purchased or Sold, renewed, or redeemed. Amount held Nature of Security. Maturity Date. Rate of Interest. issued in Renewal. as at 31st March, 1950. Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 59 » • • . • • * . . . 99 99 • • 99 99 99 99 99 99 n 99 • • • • • • • • 99 99 • • 99 99 15/5/49-52 1/10/63 15/6/52-55 15/1/53-57 15/9/57-60 15/4/60-63 15/6/61-64 15/7/62-64 15/7/6*3-65: 15/5/64-66 0/ /o 4 24 4 !* r 3 3 •3 3 £ 212,910 50,000 15,400 143,000 ll7,?I5 156,575 355,000 100,000 £ 47,tOO 21.2,910 100,000 £ 212,910 £ §©,000 15,400 143,000 165,415 156, m 212,910 355,000 100,000 100*000 Other See-ttHties Local authorities' securities .. .. .. .. Masterton Trust Lands Trust: Debentures under* section 70s, Local Legislation Act, 1036 State Advances Corporation of New Zealand (stock) Fixed deposits (Bank of New Zealand) Various 26/1/57 1/9/55-60 Various Var. H 3f If 158,971 1,600 5,000 50,000 3,600 35,000 14,339 200 50,000 148,232 1,400 5,000 35,000 Land and house property 1,366,171 97,196 399,210 277,449 12,247 1,487,932 84,949 Total 1,463,367 399,210 289,696 1,572,881

B—lo

PUBLIC SECURITIES HELD BY THE GOVERNMENT SUPERANNUATION BOARD

15

Particulars of Security. Amount held as at Purchased or issued in Renewal. Sold, renewed, Amount held as at Nature of Security. Maturity D&te, J Rate of Interest. 31st March, 1949. or redeemed. 31st March, 1950. ' Held in New Zealand New Zealand Government Securities % £ £ £ £ New Zealand Loans Act, 1932 (stock) 15/6/47-49 H 100 100 15/4/50-51 n 500 500 15/5/49-52 4 990 990 1/10/53 H 24,350 200 24,550 1/8/61-54 3 2,sm 2,530 15/6/52-55 4 232,655 232,655 15/9/52-55 3 37,030 37,030 15/5/53-56 3 25,680 25,680 15/12/53-56 3 29,245 29,245 15/1/53-57 3i 411,150 411,150 31/5/54-58 4 57,800 57,800 15/2/55-58! 3 5,445 5,445 15/12/58 3 220,000 220,000 15/1/56-59 u 156,490 156,490 15/4/56-59 3 9,800 9,800 22/5/60 H 1,650 1,650 15/9/57-60 31 30,505 30,505 15/11/57-60 3 9,985 9,985 15/4/60-63 3 346,055 346,055 15/7/61-63 3 650 000 15/7/62-64 3 622,350 622,350 15/7/63-65 3 1,687,100 1,087,100 15/5/04-66 3 1,700,000 1,700,000 •• 'Otter SfemUtius State Advances Corporation of New Ze&laAd fsfcaek) 1/9/55-60 3| 80,700 80,700 Mortgages Various Var. 975,037 160,525 814,512 Local authorities' securities f} 662,064 50,960 011,104 Properties acquired on default of mortgagors 18,633 301 18,332 Advances on current account to jswetect securities 27 27 Total 1 5,648,521 1,700,200 212,876 7,135,845

B—lo

PUBLIC SECURITIES HELD BY THE TREASURY

16

Particulars of Security. Amount held as at Purchased or issued Sold, renewed, Amount held as at Nature of Security. Maturity Date. Bate of Interest. 31st March, 1949. in Renewal. or redeemed. 31st March, 1950. ORDINARY REVENUE ACCOUNT Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/7/57 15/3/62 % H l £ 5,500,000 £ 5,500,000 £ 5,500,000 £ 5,500,000 Total 5,500,000 5,500,000 5,500,000 5,500,000 DEPOSITS ACCOUNT Held in New Zealand New Zealand Government Securities Public Revenues Act, 1926, section 41 (Treasury bills) New Zealand Loans Act, 1932 (Treasury bills) „ (stock) 99 99 • • • • • • • • 99 99 .... . . . . 99 99 * * * * * • • • 31/3/50 Various 15/7/57 15/10/57 15/11/58 15/12/58 15/3/62 °/ /o 1 1 2-k 2i 3 3 1 £ 1,555,000 550,000 3,096,350 185,995 £ 5,000,000 1,810,000 1,120,000 1,655,650 500,000 1,370,000 500,000 £ 5,000,000 1,555,000 550,000 3,605,000 500,000 1,250,000 £ 1,810,000 1,120,000 1,147,000 305,995 500,000 Other Securities State Advance Corporation of New Zealand (stock) 1/8/74 3 2,000,000 2,000,000 Held in London Imperial Funding Loan (stock) 15/4/59-69 3 400,000 400,000 Total 7,387,345 12,355,650 14,860,000 4,882,995 DEF1 5NCE FUN! D Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) 15/7/57 % 2i £ 1,600,000 £ 1,230,000 £ £ 2,830,000 Total - -.. ,, 1,600,000 1,230,000 2,830,000

B—lo

EARTHQUAKE AND WAR DAMAGE FUND Held is New Zealand I I . V New Zealand Government Securities % £ \ £ j £ £ & New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/8/57 2£ . . j •• I 4,270,000 o Held in London I | S Imperial Funding Loan (stock) .. .. .. .. .. 15/4/59-69 3 1,805,600 j 634,400 j .. j 2,440,000 Total .. .. .. .. .. .. .. .. 6,075,600 634,400 j .. | 6,710,000 LOANS REDEMPTION ACCOUNT Held in New Zealand j U New Zealand Government Securities % £ i £ I £ I £ New Zealand Loans Act, 1932 (stock) .. .. .. .. 15/3/62 1 3,000,000; 3,000,000 j 3,000,000! 3,000,000 Held in London Fixed deposits with Bank of New Zealand, London .. .. .. Various \ 985,000 | 930,000 j 1,915,000 j Total .. .. . . .. .. .. j •• 3,985,000 | 3,930,000; 4,915,000. | 3,000,000 RESERVE FUND ACCOUNT Held in London % £ £ £ £ Imperial War Loan (stock) .. .. .. .. .. 1/12/52 464,000 j .. j .. 464,000 Imperial Funding Loan (stopk) 15/4/59-69 3 1,710,900! 89,100 .. 1,800,000 Total .. .. .. .. .. .. .. .. 2,174,900 89,100 j .. 2,264,000 SOCIAL SECURITY FUND Held in New Zealand New Zealand Government Securities I % £ i £ £ £ New Zealand Loans Act, 1932 (Treasury bills) .. .. .. Various | 1 8,000,000 ! 9,000,000 i 12-, 000, 000 j 5,000,000 Total .. .. .. •• •• •• •• ; 8,000,000 : 9,000,000 ! 12,000,000 j 5,000,000 WAR EXPENSES ACCOUNT Held in New Zealand | j New Zealand Government Securities % £ ' £ £ j £ New Zealand Loans Act, 1932 (stock) 15/3/62 1 1,500, 000 j 1,500, 000 1,500, 000 j 1,500, 000 Total .. .. .. .. •• •• •• 1,500,000: 1,500,000 1,500,000: 1,500,000 1 .

17

B—lo

Public Securities held by the Treasury— continued

18

Particulars of Security. Amount held as at 31st March, 1949. Purchased or issued in Renewal. Sold, renewed, or redeemed. Amount held as at 31st March, 1950. Nature of Security. Maturity Date. Rate of Interest. WORKING RAIL Held in New Zealand New Zealand Government Securities New Zealand Loans Act, 1932 (stock) Total PUBLIC ACCOUNT CASH BAL. Held in New Zealand New Zealand Government Securities Public Revenues Act, 1926, section 41 (Treasury bills) New Zealand Loans Act, 1932 (Treasury bills) .. .. .. „ (stock) .. .. .. .. » 99 • • • • • • • • Other Securities State Advances Corporation of New Zealand (stock) .. .. Total .. .. .. .. .. WAYS ACC 15/7/57 A.NCE INVI 31/3/50 Various ! 15/7/57 15/3/62 | 1/8/74 1/8/76 ( OUNT % H 5STMEN % 1 1 2i 1 3 £ 550,000 ! £ I 1 £ 1 £ 550,000 550,000 550,000 "T ACCOUNT £ £ ! 6,500,000 i 60,270,000 7,850,000 j 15,000,000 1 i 3,600,000 : 4,000,000 £ 6,500,000 60,270,000 7,850, 000 15,000,000 3,600,000 4,000,000 £ 97,220,000 97,220,000

B—lo

3—B 10

19

SECURITIES NOT INCLUDED IN INVESTMENT- M0®N»r M JSCfiLLANEQUStt ; Held in New Zealand Local Authorities Securities % < £ ' & - £ £ Hutt Road Act, 1915 .. .. .. .. .. .. 1/4/08- 4 MvMOi--• •• •• 60,00ft Auckland Hospital Board (debentures) .. .. .. .. Various 567, 172 ~ ' .. 22","784 " 54'4,*388J Masterton Licensing Trust (deed of repayment) .. .. .. 8/11/58 4 30'WO' > 20;$XM)i .. 50,000 Rotorua Borough Council (debentures) .. .. .. .. 5/12/72 f 3£ 25,920: .. 1,080: 24,840 ' , Other Securities Agriculture Emergency Powers Act, 1934 : Miscellaneous advances .. Various - Var. 20,395: .. 1,767 18,628 Farmers' Loans Emergency Regulations 1940: Advances .. .. „ „ 4,830.' .. 1,730' 3,091 Hawke's Bay Earthquake Act, 1931 : Miscellaneous advances .. .. „ „ 347 ,*$§8' .. 25 v'68r 321y707 General Purposes Relief Account: Advances .. .. .. ,, „ 46y®0O< 19,412 3,813 62,199 Rehabilitation Act, 1941 : Loans .. .. .. .. .. „ „ 5,2§U,47?T ■ l,604p465 5,476,327 § Advances to Government of Fiji for war purposes .. .. .. ,, Free 453,669* .. 45*367 408,302 Miscellaneous advances .. .. .. .. .. .. ,, Var. 18,802i 1-7,000' 4,520 31,282 Total .. .. .. .. .. .. .. .. 6,836,251- 1,875,729 • 1,711*216 7,000,764 1 I" i ■ 11 1 n t This statement does not include details of securities for amounts invested from Public Account-taal&aces- in variaasj corporations. In terms of the Finance A«<y l947, section 3, this information is published in the Public Accounts (B-l [Pt. 11) for 1940-50, page 65. % Exclusive of interest which is included in the face valines detentores. = § This total includes an amount of £1,935,177 representing the principal outstanding- on interest-free-supplementery«loans on.f»sro a-ad residential securities,

B—lo

SUMMARY OF PUBLIC SECURITIES HELD BY THE TREASURY

20

J Amount held. Name of Investment Account. at 31st March, 1949. 1 Purchased or • — -issue4-te Renewal. Sold, renewed, or redeeined., Amount held at 31st March, - * ' - -1950.: In New Zealand. In London. Ordinary Revenue Account Deposits Account Defence Fund Earthquake and War Damage Fund . . . . Loans Redemption Account .. .. . . ., Reserve Fund Account .. .. .. .. . Social Security Fund War Expenses Account Working Railways Account .. , . .. . . .. Public Account Cash Balance Investment Account Miscellaneous securities not included in Investment Accounts Total .. .. .. .. .. , £ 1 5,500,-000 7,387,345 1,600,000 6,075,600 3,985,000 2,174,900 8,000,000 1,500,000 550,000 1 £ , 5,500,000 12,355,650 1,230,000 634,40.0 3,930,00.0 89,100 9,000,000 1,500,000 97,220,000 5,500,000 14,860,000 4,9:15,000 12,000,000 1,500,000 97,220,000 ' I £ 5,500,000 4,882,995 2,830,000 4,270,000 3,000,000 5,000,000 1,500,000 550,000 £ 2,440,000 2,264,000 36,772,845 6,836,251 131,459,150 1,875,729 135,995,000 1,711,216 27,532,995 7,000,764 4,704,000 43,609 ,096--133 ,.334, 879. 13.7,706,216 34,533,759 4,704,000

B—lo

OTHER SECURITIES

21

Securities. Amount held at 31st March, 1950. : Held in New Zealand Industries and Commerce Department .New Zealand Government stock £ 5,000 Lands and Survey. Department Mortgages, &c. . - • • • • • • • - "Shares in land companies at cost .... 460,944 146,410 Maori Affairs Department Advances under section 340, Maori Land Act, 1931 * Advances under Part I, Maori Land Amendment Act, 1936 Advances under section 48, Maori Land Amendment Act, 1936 .. Advances under Maori Housing Act, 1935 Advances to rehabilitated Maori ex-servicemen .. 144 2,952,335 4,978 865,157 447,612 Social Security Department Debentures, &c. 90,711 Government Stores Board (Disposals) Agreement 99 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 67,140 j 147,456 1,991 226,123 79,451 Total 5,495,551 * Most of these advances are secured by statutory charge {vide section 18 of the Maori Land Amendment Act, 1936).

B—lo

SUMMARY OF SECURITIES HELD BY THE UNDERMENTIONED OFFICES AS ON 31st MARCH, 1950

Approximate Cost of Paper.—Preparation, not given; printing (689 copies), £6O.

By Authority: R. E. Owen, Government Printer, Wellington.—l9so. Price 9d.]

22

niidta | Rate of Interest. Amount held as on 31st March, 1950. Government Accident Insurance Office Government Insurance Department Maori Trustee Marketing Department 99 . " • • • . Minesi Department National Provident Fund Board New Zealand Broadcasting Service New Zealand Wool Disposal Commission Post Office Public Trust Office .. .. . • State Advances Corporation (Housing Branch) .. State Fire Insurance Office Government Superannuation Board Treasury Miscellaneous Total Dominion .. London Dominion .. i.f-Vtm i. London Dominion .< a 4 • li London .. Dominion .. London Dominion .. Various 99 a 99 99 'i9 b 99 it 99 99 99 99 99 99 99 99 99 99 Various 99 f* 99 99 99 99 99 99 99 99 99 99 99 99 " 99 99 99 £ 1,552,73$ 15,821,17? 625,900 1,223,640 27,760,900 62* 325,222 10,794,277 1,500,000 12,972,000 218,636,410 2,260,495 18,960,199 1,180,140 1,572,881 7,135,845 34,533,759' 4,704,000 5,495,551 *367,055,191 * 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 1949-50, page 65).