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B—l [Pt. I]

1950 NEW ZEALAND

THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 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-I [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 .. .. .. .. .. .. 32 Other Accounts— Defence Fund .. .. .. .. .. .. .. .. 36 Earthquake and War Damage Fund .. .. •„ .. .. 36 Electric Supply Account .. .. .. .. .. .. 36 Land Settlement Account .. .. .. .. .. .. 38 Loans Redemption Account .. .. .. .. .. .. 40 National Development Loans Account .. .. .. .. 44 Public Works Account .. .. .. .. .. .. 44 Remittances to London Account .. .. .. .. .. 46 Reserve Fund Account .. .. .. .. .. .. 46 Social Security Fund .. .. .. .. .. .. .. 48 State Coal-mines Account .. .. .. .. .. .. 48 War Expenses Account .. .. .. .. .. .. 50 Working Railways Account .. .. .. .. .. .. 50 Summary op Cash and Imprest Balances .. .. .. .. 52 Summary op Investments .. .. .. .. .. .. 53 DEPOSITS ACCOUNT:— Receipts and Disbursements under the Trustee Act, 1908 .. .. .. 54 ISSUES COMPARED WITH THE SUMS VOTED UNDER APPROPRIATION ACT, 1949 56 UNAUTHORIZED EXPENDITURE ACCOUNT:— Consolidated Fund, — Ordinary Revenue Account .. .. .. .. .. .. 59 Electric Supply Account .. .. .. .. .. .. 62 Land Settlement Account .. .. .. .. .. .. .. 62 Public Works Account .. .. .. .. .. .62 Social Security Fund .. .. .. .. .. .. .. 63 State Coal-mines Account .. .. .. .. .. .. .. 63 Post Office Account .. .. .. .. .. .. .. .. 63 Government Accident Insurance Account .. .. .. .. .. 64 Marketing Account .. .. .. .. .. .. .. i ... ,'64 r Broadcasting Account .. .. .. .. .. .. .. .. 64 , Summary .. .. .. .. .. .. .. .. .. 64 STATEMENT OF CORPORATION INVESTMENTS HELD AT 31st MARCH, 1950 .. 65 THE PUBLIC DEBT:— The Public Debt of New Zealand Outstanding on 31st March, 1950 .. .. 66 Statement of Advances by the Reserve Bank to the Government by way of Overdraft Outstanding on 31st March, 1950 .. .. .. .. 70 Statement of Transactions in connection with the Public Debt in the Year ended 31st March, 1950 .. .. .. .. .. .. .. .. 70 Statement of Loans guaranteed by the Government .. .. .. .71 I*

B—l [Ft. I]

SUMMARY OF THE RECEIPTS AND EXPENDITURE OF THE ORDINARY REVENUE RECEIPTS Taxation — £ s. d. £ s. d. Customs 21,474,533 8 10 Beer duty 4,822,339 11 0 Sales tax .. .. 14,785,320 211 Film-hire tax 112,701 7 11 Highways 3,640,115 16 9 Stamp duty 9,567,608 15 1 Land-tax .. 967,385 17 5 Income-tax 48,483,449 10 7 Miscellaneous 9 19 8 103,853,464 10 2 Interest recoveries from trading activities, &c. 5,886,354 0 5 Profits of trading undertakings . . 2,162,110 17 7 Departmental receipts 13,094,704 2 § £124,996,633 10 2 £ s. d. Balance, Ist April, 1949 7,140,701 10 2 Surplus, 1949-50 4,307,741 11 8 £11,448,443 1 10

B—l [Pt. I]

CONSOLIDATED FUND FOR THE YEAR ENDED 31st MARCH, 1950 ACCOUNT EXPENDITURE £ s. d. £ s. d. Permanent appropriations— Civil List 97,095 0 10 Debt servicesInterest and manage- £ s. d. ment .. 17,092,007 13 10 Repayments .. 5,393,040 19 9 22,485,046 13 7 Other special Aets 3,078,740 15 9 25,600,864 10 2 Annual appropriations— Social services .. 37,847,005 11 5 Other votes .. 57,181,001 16 11 95,028,007 8 4 120,688,891 18 6 Surplus 4,307,74111 8 £124,996,633 10 2 £ s. d. Balance 31st March, 1950 11,448,443 1 10

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950

* Rebates in respect of motor-spirits used otherwise than as fuel for motor-vehicles in terms of section 62 of the Transport Act, 1949, amounted to £604,412 lis. 7d. t £705,575 16s. Od. of this amount consists of fees, fines, &c., which are not taxation.

RECEIPTS £ s. d. £ s. d. £ s. d„ Balances at beginning of year — Cash 987,619 19 4 Investments 5,500,000 0 0 Imprests outstanding 653,081 10 10 7 140 701 10 2: 1 , y Ivl XV/ ATAXATION Customs 21,474,533 8 10 Beer duty 4,822,339 11 0 '. i t » Sales tax 14,785,320 2 11 Film-hire tax 112,701 7 11 Highways 3,640,115 16 9 *t Stamp and death duties— Adhesive stamps 214,172 6 1 Duty on instruments 596,991 18 5 Estate duty 4,086,159 19 1 Succession duty 1,234,207 11 0 Gift duty 393,382 19 11 Fines and penalties 2,341 5 2 Impressed stamps 355,546 18 10 Licenses to companies 122,139 13 1 Sharebrokers' licences 1,739 19 6 Duties payable by racing clubs 2,268,491 3 8 Amusements-tax 256,715 18 5 Lottery duty 27,872 14 0 Overseas passenger duty 2,597 17 2 Miscellaneous 3,413 18 9 Receipts under section 4, Mortgagees' Indemnity (Workers' Charges) Act, 1927 1,834 12 0 ft 567 fi08 15 1 €7 , U\J f , UvU XfJ X Land-tax 967,385 17 5 Income-tax 48,483,449 10 7 Miscellaneous 9 19 8 TYVTAT. HP A TT A TTYYNT 103 464 10 2 lUIAJu, JL fx AAlxUn . . > • lvu j Otltl y TUTt JLvJ A INTEREST On capital liability— Postal and Telegraph (interest as determined under section 95 of the Post and Telegraph Act, 1928, at £3 10s. per cent, on the amount . ,1- " of the capital liability as at 1st April, 1949, together with interest at the rate of £1 15s. per cent, on net additions to capital liability during the financial year)— Year 1949-50 704,000 0 0 Carried forward 704,000 0 0 110,994,166 0 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT

* See also £3,716 6s. 7d. under " Other Special Acts, Miscellaneous," Appropriation Act, 1926 section 15.

EXPENDITURE PERMANENT APPROPRIATIONS £ s. d. £ s. d. £ s. 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 B. C. Freyberg, V.C., K.C.M.G., K.C.B., K.B.E., D.S.O. — Salary, 1st April, 1949, to 31st March, 1950 .. Allowance, 1st April, 1949, to 31st March, 1950 .. 5,000 0 5,000 0 © © 10,000 0 0 Part II Establishment of the General Government— Prime Minister, &c.— Right Hon. P. Eraser— Salary, 1st April, 1949, to 13th December, 1949 Minister of Finance, &c. — Right Hon. W. Nash— Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 1,262 18 820 17 140 6 1 9 5 Minister of Justice, &c. — Hon. H. G. R. Mason — Salary, 1st April, 1949, to 13th December, 1949 820 17 9 Minister of Railways, &c.— Hon. R. Semple— Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Minister of Internal Affairs, &c.— Hon. W. E. Parry— Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Carried forward 4,967 8 4 10,000 0 0

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS Brought forward £ 704,000 s. 0 d. 0 £ s. d. £ ! 110,994,166 3. d. 0 4 INTEREST —continued Oil capital liability—continued Under section 6 of the National Development Loans Act, 1941, as follows— Electric Supply Account — Year 1949-50 .. 1,412,976 11 0 Housing Account — Year 1948-49 (balance) Year 1949-50 148,358 674,018 5 16 2 9 Housing construction— Year 1948-49 (balance) Year 1949-50 .. Land Settlement Account — Year 1947-48 (balance) Year 1948-49 (on account) 15,492 94,458 312,497 387,502 7 2 18 1 8 6 9 3 i Maori land development and housing schemes— Year 1947-48 Year 1948-49 .. Nauru and Ocean Islands Account— Year 1947-48 (balance) .. Year 1948-49 .. Year 1949-50 .. 2,556 86,210 736 6,721 3,922 1 8 3 11 8 3 5 1 1 9 Under section 31 (3), Land Act, 1948 — Year 1949-50 (on account) 207,627 1 4 4,057,077 17 0 On other public money— State Advances Corporation stock State's contribution to General Reserve Fund of State Advances Corporation (section 35 (2), State Advances Corporation Act, 1934) New Zealand's proportion of capital, British Phosphate Commission Investments made in respect of the— Ordinary Revenue Account Deposits Account Loans Redemption Account Public Account Cash Balance Investment Account War Expenses Account .1,149,013 103,459 36,838 95 56,444 1,855 308,711 40 13 14 2 2 15 10 I 15 8 6 10 2 11 10 0 3 Capital moneys received from sale of Crown lands and paid into Land Settlement Account (section 13, Land Laws Amendment Act, 1926).. 92,372 18 8 Carried forward 1,748,831 14 10 4,057,077 17 0 110,994,166 0 4

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE Brought forward £ s. 4,967 8 d. 4 £ s. 10,000 0 d. 0 [ £ s. d PERMANENT APPROPRIATIONS —ctd. CIVIL LIST—continued Civil List Act, 1920 —continued Part II—continued Establishment of the General Government—continued Minister of Defence, &c.— Hon. P. Jones— Salary, 1st April, 1949, to 13th December, 1949 820 17 9 Minister of Industries and Commerce, &c.— Hon. A. H. Nordmeyer— Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Minister of Lands, &c.— Hon. C. F. Skinner— Salary, 1st April, 1949, to 13th December, 1949 820 17 9 Minister of Labour, &c.— Hon. A. McLagan— Salary, 1st April, 1949, to 13th December, 1949 .. House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Minister of Agriculture, &c.— Hon. E. L. Cullen— Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Postmaster-General, &c.— Hon. F. Hackett— Salary, 1st April, 1949, to 13th December, 1949 820 17 9 Minister of Health, &c.— Hon. M. B. Howard — Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Carried forward 11,274 18 3 10,000 0 0

B—l [FT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1,748,831 14 10 4,057,077 17 0 110,994,166 0 4 INTEREST—continued On other public money—continued On advances to local bodies under Main Highways Act, 1926 1,974 10 8 Loans to local bodies under Local Bodies' Loans Act, 1908 15,308 6 7 Loan to Taieri River Trust in terms of section 3, Taieri River Improvement Amendment Act, 1939 3,176 9 10 Loans under section 26, Agriculture (Emergency Powers) Act, 1934 859 9 3 On miscellaneous advances— New Plymouth High School 303 12 4 Whangarei High School 23 9 8 Maori Land Settlement Survey liens.. 2,786 8 10 Cook Islands Fruit Account 1,370 0 1 Niue Island Fruit Account 128 14 0 Eastbourne Borough Council for drainage-works .. 143 18 2 Mines Department for various mining enterprises 233 12 8 Catchment Boards 7,207 19 0 Hospital Boards 18,350 14 1 Land Settlement Associations 14,488 17 0 Lower Clutha River Trust 57 14 10 Rotorua Golf Club 17 19 0 Miscellaneous interest on— Debentures under the Hutt Road Act, 1915 .. 2,277 0 0 Deposits by High Commissioner .. 35 0 0 Purchase-moneys in connection with sales of land and buildings— Public Works Department 103 9 5 Purchase-money in connection with sales of plant: Public Works Department 6,306 14 3 Capital value Rehabiliation Department plant on loan 1,416 17 10 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 2,920 12 5 Masterton Licensing Trust 952 18 8 1 R2Q 27fi 3 fi X y (Jj-J O 3 i \J fj (7 Total, Interest 5,886,354 0 5 Carried forward | 116,880,520 0 9

B—l [PT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE Brought forward £ s. 11,274 18 d. 3 £ 10,000 s. d. 0 0 £ 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. T. H. McCombs— Salary, 1st April, 1949, to 13th December, 1949 House allowance, 1st April, 1949, to 13th December, 1949 820 17 140 6 9 5 Member of the Executive Council representing the Maori Race — Hon. E. T. Tirikatene — Salary, 1st April, 1949, to 13th December, 1949 694 11 11 Member of the Executive Council without Portfolio — Hon. D. Wilson— House allowance, 1st April, 1949, to 13th December, 1949 140 6 5 Prime Minister, &c.— Right Hon. S. G. Holland — Salary, 13th December, 1949, to 31st March, 1950 541 18 9 Minister of Agriculture, &c.— Hon. K. J. Holyoake— Salary, 13th December, 1949, to 31st March, 1950 352* 5 2 Minister of Labour, &e. — Hon. W. Sullivan — Salary, 13th December, 1949, to 31st March, 1950 352 5 2 Minister of Justice, &c. — Hon. T. C. WebbSalary, 13th December, 1949, to 31st March, 1950 352 5 2 Minister of Works, &c.— Hon. W. S. Goosman — Salary, 13th December, 1949, to 31st March, 1950 352 5 2 Carried forward 15,022 0 2 10,000 0 0

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 116,880,520 0 9 PROFITS FROM TRADING UNDERTAKINGS Bank of New Zealand— Final dividend, year 1948-49, and interim dividend, 1949-50.. 376,200 15 1 New Zealand Woolpack and Textiles, Ltd.— Dividends received in terms of Finance Act, 1940, section 15 6,000 0 0 Maori Trust Office— One-third of profits credited in terms of section 49, Maori Trustee Act, 1930 — 1946-47 • • 1,181 16 1 1947-48 834 12 2 Post and Telegraph Department— 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 1946-47 (balance) 997,928 7 3 Reserve Bank of New Zealand— Profits credited in terms of section 36 (c), Reserve Bank of New Zealand Act, 1933 — For year 1948-49 739,930 15 1 State Advances Corporation— Profits credited in terms of section 41 (1), State Advances Corporation Act, 1936 : for year 1948-49 40,034 11 11 9 1A9 11A 17 7 L,lOu, 1IV 11 # DEPARTMENTAL RECEIPTS Agriculture Department— Meat Act, 1939 117,031 12 1 Contributions from pig and poultry industries . 13,380 17 3 Farm areas field crops, seed-testing, &c. 68,958 7 6 For services rendered to other Departments 40,965 13 7 Journal of Agriculture 28,413 17 4 Recoveries from dairy factories and produce grading 95,328 10 4 Stations and farms 26,890 4 0 Te Kauwhata 37,923 5 11 General 84,768 10 4 K1 •> ftfiO 1 « A OlOjUUU AO t Air Department 138,631 13 5 Army Department 152,488 13 11 Audit Department 45,065 0 10 Census and Statistics Department 818 4 9 Carried forward 850,664 11 3 119,042,630 18 4

B—l [Pt. I]

ORDINARY REVENUE ACCOUNT —continued

EXPENDITURE Brought forward £ s. 15,022 0 d. 2 £ 10,000 s. d. 0 0 £ s. d. PERMANENT APPROPRIATIONS —ctd. CIVIL LIST—continued Civil List Act, 1920—continued Pakt II—continued Minister of Internal Affairs— Hon. W. A. BodkinSalary, 13th December, 31st March, 1950 1949, to 352 5 2 Minister of Defence — Hon. T. L. Macdonald — Salary, 13th December, 31st March, 1950 1949, to 352 5 2 Minister of Customs, &c. — Hon. C. M. Bowden— Salary, 13th December, 31st March, 1950 1949, to 352 5 2 Minister of Lands, &c. — Hon. E. B. Corbett — Salary, 13th December, 31st March, 1950 1949, to 352 5 2 Postmaster-General, &c.— Hon. W. J. Broadfoot — Salary, 13th December, 31st March, 1950 1949, to 352 5 2 Minister of Health, &c.— Hon. J. T. Watts — Salary, 13th December, 31st March, 1950 1949, to 352 5 2 Minister of Education — Hon. R. M. Algie— Salary, 13th December, 31st March, 1950 1949, to 352 5 2 Minister of External Affairs, &c.— Hon. F. W. Doidge— Salary, 13th December, 1949, to 31st March, 1950 352 5 2 Carried forward 17,840 1 6 10,000 0 0

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 850,664 11 3 119,042,630 18 4 DEPARTMENTAL RECEIPTS— continued Civil Aviation — Receipts: International Airport 56,433 19 0 Receipts : from Member Governments, S.P.A.T.C. 163,119 6 10 Rents 23,377 0 8 Miscellaneous 4,896 9 2 247,826 15 8 Crown Law Office 221 5 5 Customs Department— Expenses of collecting export levies .. 6,555 0 1 Customs Act, 1913 23,931 3 0 General 22,755 11 0 KO 94.1 1A 1 IT: X Education Department— Endowment income rents, &c. collected by Education and Post-primary School Boards 71,678 11 4 General 93,547 17 7 tap; OOA Q 11 U O 11 Electoral Department 2,985 8 8 External Affairs Department 54,156 1 10 Health Department— Nurses and Midwives Registration Act, 1925 2,853 5 2 Institutional recoveries, Queen Mary Hospital, Hanmer 21,327 2 3 Sales of sera, textiles, &c. 105,212 7 7 Local bodies' contributions for sanitary inspection service 22,102 0 4 Recoveries in connection with nursing services 16,240 1 2 Board of attendants and nurses 140,000 0 0 Sale of farm products, &c. 31,022 17 3 General 96,835 8 0 4.0K KQO 1 Q too 9 uvo i y Housing Department— Rents, royalties, &c., from lands •• 14,396 19 0 Industries and Commerce Department— Other salaries and administrative costs 9,589 0 2 Fees, levies, and sales 16,249 6 5 General 4,489 7 9 OA O97 1 A A OU,OA/ 1± Internal Affairs Department— Auctioneers' licences 19,999 15 0 Contributions to cost-of-living bonus to annuitants 65,623 3 5 Deer-destruction 10,417 5 10 Carried forward 96,040 4 3 1,854,640 0 11 1 119,042,630 18 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE Brought forward £ s. d. 17,840 1 6 £ s. d. 10,000 0 0 £ s. d. PERMANENT APPROPRIATIONS—ctd. CIVIL LIST—continued % Civil List Act, 1920 —continued Part II—continued Civil List Act, 1920, and Civil List Amendment Act, 1936, Section 6 Parliamentary Under-Secretaries— A. G. Osborne — Salary, 1st April, 1949, to 12th December, 1949 House allowance, 1st April, 1949, to 12th December, 1949 .. 559 2 10 139 15 8 M. Moohan — Salary, 1st April, 1949, to 12th December, 1949 House allowance, 1st April, 1949, to 12th December, 1949 .. 559 2 10 139 15 8 H. E. Combs — Salary, 1st April, 1949, to 12th December, 1949 House allowance, 1st April, 1949, to 12th December, 1949 .. 559 2 10 139 15 8 D. W. Coleman— Salary, 1st April, 1949, to 30th November, 1949 House allowance, 1st April, 1949, to 30th November, 1949 ... 533 6 8 133 6 8 S. W. SmithSalary, 13th December, 1949, to 31st March, 1950 240 17 2 W. A. Sheat— Salary, 13th December, 1949, to 31st March, 1950 240 17 2 ' 21,085 4 8 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 (No. 3), 1944, section 25 (2) .. 2,969 12 6 150 0 0 Carried forward 3,119 12 6 31,085 4 8

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 96,040 4 3 1,854,640 0 11 119,042,630 18 4 DEPARTMENTAL RECEIPTS— ' continued Internal Affairs Department—continued Fees, &c., Maori Land Amendment Act and Maori Land Claims Adjustment Act, 1926 5,668 18 2 Services rendered to other Departments 115,112 9 3 General 65,512 12 3 282,334 3 11 Island Territories Department— New Zealand Reparation Estates 305,854 14 7 Export of bananas from Samoa 69,792 15 7 " Maui Pomare " 76,271 2 6 General 2,028 16 9 453,947 9 5 Justice and Prisons Department— Births, deaths, and marriages 31,218 8 4 Court fees, fines, and bankruptcy commission 244,987 14 9 Patents, Designs, and Trade-marks Act, 1921-22.. 23,992 18 0 Receipts from institutional activities .. 125,622 2 9 General 13,512 11 4 4.3Q 333 15 2 tcu«7 j UUU lu ju Labour and Employment Department— Accommodation receipts 157,068 0 5 Factories Act, 1946 8,169 6 0 Home Aid Service 11,514 10 0 Weights and Measures Act, 1925 17,692 11 2 Immigration receipts 85,450 2 9 General 5,590 19 3 285 4.85 Q 7 • TfcOC/ %J t Land and Income Tax Department— Unclaimed money under Unclaimed Moneys Act, 1908, section 6 9,486 3 2 General 2,952 17 5 19 4.3Q 0 7 l.ju ±%jiJ V 1 Lands and Survey Department— Rents, royalties, &c., from lands — Hauraki Plains lands 4,201 6 9 Scenery preservation receipts 966 14 2 Swamp-drainage lands 384 12 6 Hauraki Plains Act, 1926 — Rates 3,449 17 7 Miscellaneous receipts 2,630 6 3 Rangitaiki Land Drainage Act, 1910— Rates 15,980 15 4 Miscellaneous receipts 8,086 5 1 Swamp Drainage Act, 1915— Rates 7,328 16 10 Miscellaneous receipts 7,879 18 11 Manager's salaries, development blocks 21,864 12 8 Carried forward 72,773 6 1 3,328,179 19 7 119,042,630 18 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 3,119 12 6 31,085 4 8 PERMANENT APPROPRIATIONS —ctd. | CIVIL LIST—continued Civil List Act, 1920—continued Part III —continued Section 17— Salaries, Members of the Legislative Council 10,985 4 0 Salaries, Members of the House of Representatives 30,417 3 10 Allowance to Members of House of Representatives under Finance Act (No. 3), 1944, section 24 (2) 15,208 12 2 KQ 70A io a 9 i Ov XjU U Part V Maori Affairs — Transfer to vote " Health," being Civil List contribution towards— Maori medical services 3,000 0 0 ; Medical services : Maori nurses 600 0 0 Contributions towards cost -of building Maori war canoes 500 0 0 Fares for Maoris 129 1 6 Flags for Maoris 30 12 0 Food, clothing, &c., supplied to Maoris 116 5 0 Funeral and tangi expenses of Maoris 56 0 1 Grants for Maori welfare activities 16 10 0 Grants towards costs of improvements to marae burial-grounds and other tribal property 258 0 0 Maori meeting fcxpenses 329 11 0 Maori hostels 1,143 4 1 Sundry health and medical expenses .. 100 0 0 fi 97Q ft VJ 5 Li t O O O TrtTAT Prm t T.TQT Q7 AG£ 0 10 JLOJlAJLjj vIVJLL lilol • • . • &t 9 uyo u iu DEBT SERVICES Interest — London 2,680,989 2 9 London (paid in New Zealand) 93,807 17 0 Australia 34,552 8 4 New Zealand 13,927,470 I 9 ftlQ Q 10 JLUj /ou,oiy IU Carried forward 16,736,819 9 10 97,095 0 10

B—l [Pt. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS Brought forward DEPARTMENTAL RECEIPTS— continued Lands and Survey Department—continued Administration expenses of sundry accounts Services rendered to Lands and Deeds Department General Legislative Department Maori Affairs Department— Fees collected in stamps under provisions of the Maori Land Act, 1931.. Administration expenses— Maori Land Boards Maori Trustee General Marine Department— Charter of lighthouse tender Inspection of Machinery Act, 1928 Rents of foreshores, royalties, &c. Sale of oysters .. Shipping and Seamen Act, 1908 Westport Harbour .. General .. .. .. Marketing Department Mines Department— Rents, royalties, &c., from lands Hire of drills, &c. Rescue-station levy General Navy Department New Zealand Forest Service — Receipts from utilization units General Police Department— Arms Act, 1920 Proceeds of sales of goods (Police Force Act, 1947, section 42 (2) ) Recoveries for services rendered by police General Carried forward £ s. d. 72,773 6 1 36,329 15 1 28,312 3 0 66,629 15 9 £ s. d. 3,328,179 19 7 204,044 19 11 3,080 18 5 37,015 5 5 235,524 1 8 105,334 6 1 30,349 15 2 206,975 2 10 470,655 7 10 20,917 1 5 £ s. d. 119,042,630 18 4 . | 8,296 19 10 8,213 0 0 12,200 0 0 8,305 5 7 21,431 5 5 27,408 3 2 3,016 19 1 8,744 10 1 104,212 8 1 40,258 7 1 30,452 8 9 13,400 4 4 1,978 17 3 11,851 2 8 3,119 10 11 464,528 9 0 6,126 18 10 4,320 2 6 1,329 3 6 3,817 0 0 11,450 15 5 4,642,076 18 4 119,042,630 18 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 16,736,819 9 10 97,095 0 10 PERMANENT APPROPRIATIONS —ctd. DEBT SERVICES—continued Interest —continued Amortization of debt— Transfer to Loans Redemption Account— New Zealand Loans Amendment Act, 1947— Section 11 (c) .. 470,000 0 0 Section 11 (c) .. 200,000 0 0 Section 14 4,723,040 19 9 Administration and management — New Zealand Loans Act, 1932, section 62 (3)— Stamp duty on transfers of New Zealand Consolidated Stock 27,871 4 0 New Zealand Loans Act, 1932, section 61 : charges and expenses of raising and repaying loans — New issues 81,528 16 6 Renewals, conversions, and redemptions 179,907 5 3 New Zealand Loans Act, 1932, section 24 • (1)Amount paid to Bank of England for year ended 31st October, 1949, for management of New Zealand Government loans : consolidated stock 19,759 9 3 Amount paid to the Reserve Bank of New Zealand for year ended 31st March, 1950, for management of New Zealand Government loans .. 46,121 9 0 188 4. 0 OUUjlOO tfc V/ HPrVTAT H'P'RT Sl7T?VTP'R5! 99 04.8 7 XUlALj x/IuJji UJJiui V Iv-EjO • • ££ 9 <±0D 9 \J'±0 lO / OTHER SPECIAL ACTS Transport Act, 1949, Sections 61 and 64— Cost of making refunds and payments to boroughs 234,026 4 2 Carried forward 234,026 4 2 22,582,143 14 5

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS Brought forward DEPARTMENTAL RECEIPTS—ctd. Prime Minister's Department— Sale of photographs and films General Printing and Stationery Department Public Service Commission Public Works Department— Farm workers' accommodation Receipts from maintenance of public works and services Receipts from highways maintenance.. Receipts from water-supply and irrigation schemes Rents of buildings Rents, royalties, &c., from lands General Rehabilitation Department Scientific and Industrial Research Department— Recoveries on account of research Recoveries, Dominion Physical Laboratory General Social Security Department— Refunds and recoveries of war and other pensions Genera] Stamp Duties Department — Land Registry and Deeds Register Office fees .. .. . - General State Hydro-electric Department Tourist and Health Resorts Department — Tourist and Health Resorts Control Act, 1908 General .. ... ... Transport Department— Transport Licensing Act, 1931 Services of officers controlling traffic .. General Carried forward £ s. d. 29,803 8 10 284 5 7 £ s. d. 4,642,076 18 4 30,087 14 5 651,290 6 10 3,344 18 4 6,469,187 3 8 1,488 3 6 80,762 14 7 5,549 9 4 82,581 0 11 4,302 6 4 506,279 17 3 113,433 5 11 £ s. d. 119,042,630 18 4 8,186 19 10 5,957,861 13 3 287,684 10 8 37,178 2 10 172,211 8 11 1,403 15 0 4,660 13 2 36,849 0 10 19,123 14 3 24,789 19 6 4,180 4 11 1,369 4 5 81,867 4 6 713 16 5 478,457 0 7 27,822 16 8 79,279 4 10 32,038 16 1 2,115 5 0 12,590,383 19 5 119,042,630 18 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT —continued

EXPENDITURE Brought forward £ s. d. £ 5 234,026 i. 4 d. 2 £ s. 22,582,143 14 d. 5 PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS—continued Advances to Other Governments Finance Act, 1930 (No. 2), section 7— Balances Outstanding at 31st March, 1950, £ S. d. 180 1 4 Canada Ceylon Commonwealth of 11,667 5 6 Australia Federated Malay 6 6 0 States Fiji 110 Hong Kong Imperial Govern28,284 12 5 ment* 165 9 1 India 824 1 8 Kenya 110 Nigeria Tonga Union of South 28 5 2 Africa Western Pacific .. Cr. 135 Cr. 19,942 Cr. 38 5,437 Cr. 58 Cr. 18,598 Cr. 77 148 Cr. 46 Cr. 0 Cr. 12,384 3 2 13 10 11 18 14 13 10 18 12 1 0 2 3 6 2 6 2 0 2 5 41,158 3 2 Total, Advances Cr. 45,696 19 7 Superannuation Superannuation Act, 1947— Section 86 (1) (a) — Subsidy to Government Superannuation Fund Section 86 (1) (&)— Contribution towards deficiency in Government Superannuation Fund 1,590,000 1,000,000 0 0 0 0 2,590,000 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 23,866 3,716 0 6 o 7 Carried forward 27,582 6 7 2,778,329 4 7 22,582,143 14 5 * Claims for £4,539 lis. 4d. have been abandoned under the lump-sum 1948. settlement of 31st March,

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS Brought forward £ s. d. £ s. d. 12,590,383 19 5 £ s. 119,042,630 18 d. 4 DEPARTMENTAL RECEIPTS— continued Treasury Department— Recovery of Government Superannuation Fund administrative expenses Services rendered by Government Actuary's Office Stabilization subsidies Contributions under section 76 of Superannuation Act, 1947 General 31,328 6,514 298,003 4,305 67,798 13 0 16 18 6 5 6 6 1 8 407,950 15 2 96,369 7 5 Valuation Department— Valuation of Land Act, 1925 General 96,168 201 1 5 8 9 Total, Departmental Receipts 13,094,704 2 0 Total Receipts 124,996,633 10 2 Carried forward 132,137,335 0 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ a. d. Brought forward 27,582 6 7 2,778,329 4 7 22,582,143 14 5 PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS—continued Miscellaneous—continued Finance Act, 1932, section 55— Exchange on remittances overseas 14,408 6 4 Finance Act, 1934, section 4— Payment to Reserve Bank for liabilitydue to alteration in rate of exchange 5,604 17 4 Finance Act, 1948, section 3— Costs, charges, and expenses of acquiring Bank of New Zealand shares 49 2 10 Finance Act (No. 3), 1934, section 8— Interest on income-tax paid in advance 48,427 8 5 Finance Act (No. 2), 1935, section 17— Refunds to racing clubs of proportion of totalizator duty 56,029 0 3 Finance Act (No. 2), 1943, section 7—Disbursements made on behalf of diplomatic institutions 456 9 11 Finance Act, 1946, section 20— Salary of Controller and Auditor-General 1,600 0 0 Finance Act, 1946, section 19 (1) — Salaries of Judges of the Supreme Court 24,985 17 9 Industrial Conciliation and Arbitration Act, 1925, section 64— Salaries, Judges of the Arbitration Court 5,292 2 6 Industrial Conciliation and Arbitration Amendment Act, 1947, section 2— Salaries, Deputy Judges of the Arbitration Court 5,078 1 1 Judicature Act, 1908, sections 12-14— Superannuation allowances, retired 7,239 11 4 Judges of the Supreme Court Lands Valuation Act, 1948, section 6 (1) — Salary of Judge of Land Valuation Court 2,280 16 9 Travelling allowance of Judge of Land -497 18 0 Valuation Court Local Government Commission Act, 1946, section 4— Salary of Chairman of Commission 2,250 0 0 Magistrates' Court Act, 1947, section 6 (1) — Salaries of Stipendiary Magistrates 36,910 14 1 Maori Purposes Act, 1931— Section 51 — Annual payment to Arawa District Trust Board for the benefit of the Arawa Tribe 6,000 0 0 Carried forward 244,692 13 2 2,778,329 4 7 22,582,143 14 5

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FOND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 1 132,137,335 0 4 1 ■ Carried forward 132,137,335 0 4

B—l [FT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. £ s. d. Brought forward 244,692 13 2 2,778,329 4 7 22,582,143 14 5 PERMANENT APPROPRIATIONS —ctd. OTHER SPECIAL ACTS—continued Miscellaneous—continued Maori Purposes Act, 1931 —continued Section 54— Annual payment to Tuwharetoa Trust Board for benefit of Tuwharetoa Tribe 3,000 0 0 Masterton Licensing Trust Act, 1947, section 37 (3) — Advances to the Trust to provide for preliminary expenses 20,000 0 0 N'gaitahu 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 3,873 0 0 Public Service Amendment Act, 1946— Section 4— Salaries of Public Service Commission 5,273 9 1 Superannuation Act, 1947— Section 82— Payment of retiring-allowance under section 77 506 11 3 Refund of contributions under section 78 .. 402 4 4 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 1948-49 1,666 13 4 Waikato-Maniapoto Maori Claims Settlement Act, 1946 — Tainui Maori Trust BoardAnnual payment under section 3(1) 5,000 0 0 Annual payment under section 3 (2) (6) 1,000 0 0 Total, Miscellaneous 300,411 11 2 Total, Other Special Acts .. 3,078,740 15 9 Total, Permanent Appropriations .. 25,660.884 10 2

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward • 132,137,335 0 4 • • Carried forward 132,137,335 0 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT—continued

EXPENDITURE ANNUAL APPROPRIATIONS £ s. d. £ s. d. £ s. d. Legislative 170,618 1 5 Prime Minister's Department 164,262 .19 10 External Affairs 733,009 4 2 Finance — Treasury 380,663 1 8 Stabilization .. 14,855,587 16 8 Customs 348,215 1 9 Land and Income Tax 770,560 8 9 Stamp Duties 209,516 11 10 Audit 127,166 16 3 16 691 709 16 11 General Administration — Public Service Commission 81,070 1 11 Internal Affairs 1,595,265 2 6 Island Territories 838,083 5 7 Printing and Stationery 692,941 19 9 Marine 417,667 7 8 Labour and Employment 1,816,628 10 4 Maori Affairs 461,162 5 6 Valuation 256,375 5 11 Electoral 290,682 6 7 Census and Statistics 91,700 5 8 Rehabilitation 342,017 9 1 6,883,594 0 6 Law and Order — Justice and Prisons 707,328 2 5 Crown Law 16,674 19 9 Police 1,206,206 17 6 1 930 209 19 8 x 9 y x%f o Defence— Navy 3,138,223 2 3 Army 2,609,409 0 5 Air 4,074,496 5 11 Q 822 128 8 7 <7 f f O 1 Maintenance — Maintenance of Public Works and Services 7,711,789 17 1 Highways Maintenance 4,140,012 0 8 11 851 801 17 9 L X p UU X y UU X XI %J Development of Primary and Secondary Industries — Lands and Survey 1,030,715 2 0 Forest Administration 695,963 2 10 Agriculture .. .. 2,161,427 17 1 Milk Marketing 308,595 15 6 Scientific and Industrial Research 958,749 14 2 Mines 142,742 16 1 Transport 359,996 5 11 Civil Aviation and Meteorological Services 1,525,145 12 0 Industries and Commerce 468,445 18 10 Tourist and Health Resorts 799,476 7 3 / 8 451 258 11 8 O y TtfX y JUkJKJ XX O Carried forward 56,698,593 0 6 1 ■ ••

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. d. Brought forward 132,137,335 0 4 PubKe Revenues Act, 1926, section 41— Treasury bills issued 11,590,000 0 0 Carried forward 143,637,335 0 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT

EXPENDITURE Brought forward £ s. d. £ . s. 56,698,593 0 d. 6 £ s. d. ANNUAL APPROPRIATIONS —continued Social Services — Health Education.. War and other Pensions Social Security (transfer to Social Security Fund) .. .. i. 8,865,147 11,613,629 5,368,228 12,000,000 9 15 6 0 5 11 1 0 37,847,005 11 K Unauthorized Expenditure— Services not provided for 482,408 16 5 Total Annual Appropriations 95,028,007 8 4 Total Permanent Appropriations (from page 25) Total Expenditure 25,660,884 10 2 £ s. d. £ s. d. £ s. 120,688,891 18 d. 6 Public Revenues Act, 1926, section 41— Treasury bills redeemed 11,500,000 0 0 Balances at end of year— Cash Investments Imprests outstanding— Advances to other Governments Vote— Prime Minister's Department External Affairs Treasury Customs Land and Income Tax Internal Affairs Island Territories Printing and Stationery Labour and Employment Maori Affairs Valuation Justice and Prisons Navy Army Air .. ... Maintenance of Public Works and Services Agriculture Scientific and Industrial Research Transport Civil Aviation and Meteorological Services Industries and Commerce 104,063 4,655 81,596 4,067 958 9 197 25,911 54,616 14,573 856 1,012 4,401 78,346 7,310 36,033 38,756 2,793 1,413 10 9,190 13,325 10 1 5 0 0 10 13 4 0 1 2 4 13 13 17 19 12 13 2 0 2 8 7 0 5 0 0 0 1 6 0 4 6 2 11 11 11 3 5 7 10 0 4 9 5,077,660 13 5,500,000 0 0 0 Carried forward 484,117 17 6 10,577,660 13 0 I 132,188,891 18 6

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. £ s. <L Brought forward 143,637,335 0 4 Total £143,637,335 0 4

B—l [PT. I]

ORDINARY REVENUE ACCOUNT

EXPENDITURE Brought forward ANNUAL APPROPRIATIONS —continued Balances at end of year—continued Imprests outstanding—continued V ote—continued Tourist and Health Resorts Health Education War and other Pensions General imprest General services Total £ s. d. 484,117 17 6 9,591 18 8 29,774 7 0 4,467 6 8 94,700 9 7 212,800 5 9 35,330 3 8 £ s. d. 10,577,660 13 0 870,782 8 10 £ s. d. 132,188,891 18 6 11,448,443 1 10 •• £143,637,335 0 4

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. Balances at beginning of year— Cash 1,708,627 10 7 Investments 7,387,345 0 0 Imprests outstanding 106,144 4 0 9,202,116 14 7 Balances on Receipts and 1st April, 1949. | Transfers. £ s. d. £ s. d. Anderson Gift Trust Account 7,792 12 1 i 185 17 9 Canteen Profits 4,610 19 2 1 Commercial Gardens Registration Act, 1943 1,576 2 o ! 3,082 3 10 Cook Islands Fruit Account .. 6,094 15 0 111,720 14 7 Deposits on Contracts 40 0 0 428 2 11 Education Reserves Act, 1928 — Sales and Acquisition of Land under section 27— Primary-education endowments 70,116 11 5 Secondary-education endowments — Auckland Provincial District 8,596 0 1 Taranaki Provincial District 269 14 0 Hawke's Bay Provincial District 529 7 2 Nelson Provincial District 132 10 0 Otago Provincial District 381 0 0 Primary Education Endowment Deposit Account 2,083 0 4 Secondary Education Endowment Deposit Account— Auckland Provincial District 1,649 0 1 Taranaki Provincial District 588 2 5 Wellington Provincial District Hawke's Bay Provincial District 1,731 7 0 912 9 9 Nelson Provincial District 239 0 10 Marlborough Provincial District 31 4 0 Otago Provincial District 1,072 5 1 General Assembly Library Fund 75 0 0 50 0 0 General Purposes Relief Account 232,048 10 8 9,877 14 2 Gold Duty Suspense Account 192 12 7 Greymouth and Hokitika High Schools Act, 1883 141 10 11 334 15 11 Hides Emergency Regulations 78,407 12 2 648,931 16 O Honey-export Control Act, 1924 138 18 8 190 6 3 Hospitals and Charitable Institutions Act, 1926 1,086 11 2 1,024 9 3 Hunter Soldiers' Assistance Trust Account 4,281 18 1 644 11 0 Immigration Restriction Act, 1908 10,690 0 0 11,040 0 0 Imperial Pensions .. .. 130,072 7 1 411,284 13 4 Income-tax, Deferred Maintenance 1,525,077 16 2 226,402 11 6 Interest on Cash Balance Investment Account 11,613 5 8 382,977 16 8 King George Y Memorial Fund 36,001 10 10 65,013 18 9 Land Agents Act, 1921-22 505 5 0 Linen Flax Growers' Insurance Fund 6 9 7 Local Bodies Account — Goldfields revenue 4,255 7 5 10,207 4 7 Gold duty 10 16 11 11 2 2 Fees and fines 14,060 10 0 19,644 10 0 Endowments of land 5,826 19 10 186 8 8 Carried forward 2,162,939 3 2 i 1,903,238 17 4

B—l [Pt. I]

DEPOSITS ACCOUNT

2—B 1 [Pt. I]

EXPENDITURE Payments and Transfers. Balances on 31st March, 1950. £ s. d. £ s. d. Anderson Gift Trust Account 93 5 0 7,885 4 10 Canteen Profits 2,512 9 1 2,098 10 1 Commercial Gardens Registration Act, 1943 740 6 4 3,917 19 6 Cook Islands Fruit Account 97,071 7 3 20,744 2 4 Deposits on Contracts .. 388 2 11 80 0 0 *Education Reserves Act, 1928 — Sales and Acquisition of Land under section 27— Primary-education endowments 70,116 11 5 Secondary-education endowments — Auckland Provincial District 8,596 0 1 Taranaki Provincial District 269 14 0 Hawke's Bay Provincial District 529 7 2 Nelson Provincial District 132 10 0 Otago Provincial District 381 0 0 Primary Education Endowment Deposit Account 2,083 0 4 Secondary Education Endowment Deposit Account—Auckland Provincial District 1,649 0 1 Taranaki Provincial District 588 2 5 Wellington Provincial District 1,731 7 0 Hawke's Bay Provincial District 912 9 9 Nelson Provincial District 239 0 10 Marlborough Provincial District 31 4 0 Otago Provincial District 1,072 5 1 General Assembly Library Fund 125 0 0 General Purposes Relief Account 19,412 3 11 222,5i4 0 11 Gold Duty Suspense Account 192 12 7 Greymouth and Hokitika High Schools Act, 1883 476 6 10 Hides Emergency Regulations 673,677 2 10 53,662 5 4 Honey-export Control Act, 1924 273 11 11 55 13 0 Hospitals and Charitable Institutions Act, 1926 1,220 14 5 890 6 0 Hunter Soldiers' Assistance Trust Account 867 18 2 4,058 10 11 Immigration Restriction Act, 1908 9,750 0 0 11,980 0 0 Imperial Pensions 411,748 10 5 129,608 10 0 Income-tax, Deferred Maintenance 119,417 5 10 1,632,063 1 10 Interest on Cash Balance Investment Account 375,460 13 8 19,130 8 8 King George V Memorial Fund 29,248 0 4 71,767 9 3 Land Agents Act, 1921-22 453 6 8 51 18 4 Linen Flax Growers' Insurance Fund 6 9 7 Local Bodies Account— Goldfields revenue 10,251 8 1 4,211 3 11 Gold duty 21 19 1 Fees and fines 19,697 10 0 14,007 10 0 Endowments of land 2,239 10 1 3,773 18 5 Carried forward 1,863,677 7 2 2,202,500 13 4 * Total £88,331 12s. 2d. transferred to Land Settlement Account in terms of Land Act, 1948 section 27 (2).

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1950—continued

RECEIPTS Balances on Receipts and 1st April, 1949. Transfers. £ s. d. £ s. d. Brought forward 2,162,939 3 2 1,903,238 17 4 Meat Act, 1939 5,680 0 7 17,372 1 9 Mining Act, 1926 204 2 4 101 16 7 Miscellaneous .. ... 1,076,831 0 8 864,320 4 10 Money-order Settlement Account 946 2 11 109,902 14 0 Navy Office Deposit Account 3,980 15 2 3,414 12 4 Nelson Rifle Prize Fund 1,362 12 0 30 0 0 New Zealand Reparation Estates 1,265 0 4 57,202 12 8 New Zealand University Endowment — Westland .. .. .. .. .. 6,145 13 9 220 1 6 Niue Island Fruit Account 3,139 15 1 1,937 9 6 North Island Experimental Dairy School 11,534 14 4 1,069 6 1 ■Official Asignees' Balances 6,705 0 0 6,550 0 0 Orchard-tax Act, 1927 1,063 16 8 1,349 12 3 Payments through the High Commissioner 54,062 1 7 380,173 10 6 Promotion of Health Fund 36,455 17 7 66,457 5 1 Public Service Association Account 231 6 6 1,765 13 8 Rabbit Nuisance Amendment Act, 1947 2,113 10 0 40,282 10 0 Receipts by the High Commissioner for Payment in New Zealand 6,760 9 5 48,647 7 7 Receiver-General's Deposit Account 455,000 0 0 180,000 0 0 Regimental Funds Government Grants Trust Account 1,461 7 5 Remittances from R.N.Z.A.F. Personnel 1,410 16 2 239 4 8 Remittances from Soldiers Overseas 1,673 2 1 Remittances to R.N.Z.A.F. Personnel 263 11 5 497 15 7 Remittances to Soldiers 777 3 8 R.N.Z.A.F. Central Deposits Account 24,371 7 1 11,433 14 2 R.N.Z.A.F. Welfare Deposits Account 22,212 8 7 676 12 1 Rural Reticulation Fund 73,121 6 1 30,346 9 8 Samoan Notes Security Account 71,400 0 0 Samoan Treasury Account 629,755 0 7 189,730 16 11 Scientific and Industrial Research Department 27 2 4 11,675 1 3 Silver and Bronze Coin Account 3,200,864 1 5 782,681 0 4 Taranaki Scholarships Endowment Account 877 13 5 924 2 9 Tauranga Educational Endowment Reserves Act, 1896 632 6 3 Trustee Act, 1908 8,991 8 9 600 5 4 Unclaimed Earnings 2,373 2 5 3,171 13 10 Uneconomic Orchards Fund 40,925 15 1 United States Property Educational and Cultural Fund 1,299,606 19 4 23 13 2 Unpresented Cheques 4,133 15 11 2,555 0 3 Victoria College Endowment Deposit Account 21 10 0 20 0 0 War Assets Realization Board Deposit Account 21,721 9 7 9,202,116 14 7 4,759,537 0 9 Balance brought forward .. 9,202,116 14 7 Total £13,961,653 15 4

B—l [PT. I]

DEPOSITS ACCOUNT—continued

EXPENDITURE Payments and Balances on Transfers. 31st March, 1950. ■ £ s. d. £ s. d. Brought forward 1,863,677 7 2 2,202,500 13 4 Meat Act, 1939 13,380 17 3 9,671 5 ! Mining Act, 1926 234 11 2 71 7. 9 Miscellaneous 1,605,800 7 6 335,350 18 0 Money-order Settlement Account 108,651 13 7 2,197 3 4 Navy Office Deposit Account 3,117 6 8 4,278 0 10 Nelson Rifle Prize Fund .. .. 20 0 0 1,372 12 0 New Zealand Reparation Estates 58,374 19 1 92 13 11 New Zealand University Endowment— Westland 5 3 2 6,360 12 1 Niue Island Fruit Account 2,021 16 11 3,055 7 8 North Island Experimental Dairy School 1,061 14 5 11,542 6 0 Official Assignees' Balances .. .. .. 3,350 0 0 9,905 0 0 Orchard-tax Act, 1927 1,692 19 3 720 9 8 Payments through the High Commissioner 409,345 14 4 24,889 17 9 Promotion of Health Fund 46,801 7 10 56,111 14 10 Public Service Association Account 1,711 18 2 285 2 0 Rabbit Nuisance Amendment Act, 1947 38,757 18 9 3,638 1 3 Receipts by the High Commissioner for Payment in New Zealand 53,146 14 9 2,261 2 3 Receiver-General's Deposit Account 145,000 0 0 490,000 0 0 Regimental Funds Government Grants Trust Account 1,461 7 5 Remittances from R.N.Z.A.F. Personnel 1,650 0 10 Remittances from Soldiers Overseas 1,673 2 1 Remittances to R.N.Z.A.F. Personnel 761 7 0 Remittances to Soldiers 777 3 8 R.N.Z.A.F. Central Deposits Account 5,999 10 5 29,805 10 10 R.N.Z.A.F. Welfare Deposits Account 2,949 17 3 19,939 3 5 Rural Reticulation Fund 3,076 5 10 100,391 9 11 Samoan Notes Security Account 71,400 0 0 Samoan Treasury Account 29,056 16 10 790,429 0 8 Scientific and Industrial Research Department 10,713 11 11 988 11 8 Silver and Bronze Coin Account 681,147 15 1 3,302,397 6 8 Taranaki Scholarships Endowment Account 923 17 7 877 18 7 Tauranga Educational Endowment Reserves Act, 1896 632 6 3 Trustee Act, 1908 9,591 14 1 Unclaimed Earnings 3,29i 15 4 2,253 0 11 Uneconomic Orchards Fund 2,213 8 5 38,712 6 8 United States Property Educational and Cultural Fund 166,241 7 3 1,133,389 5 3 Unpresented Cheques 4,729 15 7 1,959 0 7 Victoria College Endowment Deposit Account 22 10 0 19 0 0 War Assets Realization Board Deposit Account 21,721 9 7 5,293,102 4 8 £8,668,551 10 8 Balances at end of year—Cash 3,669,432 1 7 Investments , 4,882,995 0 0 Imprests outstanding 116,124 9 1 8,668,551 10 8 Total £13,961,653 15 4

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

DEFENCE RECEIPTS Balance at beginning of year— Investments (on account Air Defence) Transfer from Consolidated Fund (Vote, Air) Transfer from Consolidated Fund (Vote, Navy) Interest on investments Totals £ s. d. 1,000,000 0 0 300,000 0 0 31,837 14 2 £ s. d. 1,600,000 0 o 1,331,837 14 2 £2,931,837 14 2 EARTHQUAKE AND WAR Balances at beginning of year — Cash Investments Imprests outstanding Premiums Interest on investments Totals £ s. d. 34,257 0 6 6,075,600 0 0 102 7 3 £ s. d. 6,109,959 7 9 587,764 13 8 170,325 9 0 £6,868,049 10 5 ELECTRIC SUPPLY Balances at beginning of year — Cash Imprests outstanding Transfer from National Development Loans Account State Supply of Electrical Energy Act, 1917, section 8— Sales of electrical energy and miscellaneous receipts Proportion of interest earned on Public Account cash balance investments .. Totals £ s. d. 184,743 0 3 60,340 7 1 £ s. d. 245,083 7 4 6,250,000 0 0 4,445,184 1 8 416 13 4 £10,940,684 2 4

B—l [Pi. I]

ACCOUNTS for the Year ended 31st March, 1950

FUND EXPENDITURE Balance at end of year — Cash Investments (on account Air Defence) Investments (on account Naval Defence) Totals £ s. d. 101,837 14 2 2,630,000 0 0 200,000 0 0 £ s. d. 2,931,837 14 2 £2,931,837 14 2 DAMAGE FUND Annual Appropriation— Vote —Earthquake and War Damage Earthquake and War Damage Act, 1944— Insurance expenditure under section 12 (1) — Claims Reinsurance premiums Disaster claims Superannuation Act, 1947, section 86 (2) — Subsidy to Government Superannuation Fund Balances at end of yearCash Investments Imprests outstanding Totals £ s. d. 2,198 1 4 11,640 0 0 636 17 5 £ s. d. 18,017 12 4 14,474 18 9 41 13 6 6,835,515 5 10 125,453 18 10 6,710,000 0 0 61 7 0 £6,868,049 10 5 ACCOUNT Annual Appropriation— Vote —Electric Supply Unauthorized expenditure— Services not provided for .. .. .. Interest on capital liability paid to Ordinary Revenue Account Income-tax Social security charge Superannuation Act, 1947, section 86 (2) — Subsidy to Government Superannuation Fund Transfer to Loans Redemption Account for redemption of securities Balances at end of year— Cash Imprests outstanding .. .. .. .. j Totals £ s. d. 8,411,415 0 2 710 11 1 £ s. d. 8,412,125 11 3 1,412,976 1.1 0 153,109 18 6 23,043 6 4 18,942 5 10 356,401 1 2 564,085 8 3 527,427 6 0 36,658 2 3 £10,940,684 2 4

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1950—continued

RECEIPTS Balances at beginning of year— 1 £ s. d. £ s. d. Cash transferred from Land for Settlements Account as at 1st April, 1949 624,634 6 5 Imprests transferred from Land for Settlements Account as at 1st April, 1949 28,656 18 1 653 2Q1 4 6 vUu j L'CI Transfers from National Development Loans Account 3,300,000 0 0 Lands and Survey Department— Capital receipts— Sales of land 428,178 6 5 Section 14 {!), Land Subdivision in Counties Act, 1946.. 9,407 5 0 Repayment of advances 103,549 14 4 541 135 5 9 Rents, interest, royalties 917,982 1 8 Receipts from civilian development schemes 300,175 13 5 Receipts from settlement of ex-servicemen— Capital receipts 996,539 0 3 Interest 50,086 9 6 Receipts from development schemes 2,096,802 8 3 3 14.S 427 18 0 U 5 ITU y TiU i Miscellaneous receipts 447 18 1 Maori Affairs Department— Receipts from land development schemes 1,120,862 16 6 Repayment of advances under section 340, Maori Land Act, 1931, and section 48, Maori Land Amendment Act, 1936 417 4 4 Repayment of advances under Maori Housing Act, 1935 .. 122,046 15 7 Miscellaneous recoveries 113,450 1 4 Repayment of advances under rehabilitation of Maori exservicemen 48,493 14 8 Miscellaneous recoveries under rehabilitation of Maori exservicemen 6,174 9 2 Miscellaneous receipts 40 13 11 2Q0 622 19 0 Transfers from Consolidated Fund — Subsidies on marginal lands— Losses on development of lands for rehabilitation purposes 10,000 0 0 Rebates of interest on Maori rehabilitation advances 2,000 0 0 Maori housing 2,000 0 0 14,000 0 0 Proportion of interest earned on Public Account cash balance investments 83 6 8 I Carried forward .. .. .. .. j 10,282,029 3 7

B—l [PT. I]

LAND SETTLEMENT ACCOUNT

EXPENDITURE Annual Appropriations— £ s. d. £ s. d. Vote— Crown Lands 800,352 14 1 Settlement of Ex-servicemen 5,637,511 2 0 Maori Land Settlement 2,053,643 2 7 Unauthorized expenditure— Services not provided for 35 0 0 Q 4.Q1 KA\ ]G Q O j *±*7± f L lO O Interest on loans and Capital liability— Land Act, 1948, section 31 (3) — Transfer to Consolidated Fund in respect of interest on capital moneys provided under section 31 (1) (c) 207,627 1 4 National Development Loans Act, 1941, section 6 (5) — Transfer to Consolidated Fund in respect of capital liability— Land Settlement Account 700,000 0 0 Maori Land Settlement 88,766 9 8 QQfi 11 0 Va\J 9 OVO J. 1 \J Other Interest charge— Land Laws Amendment Act, 1926, section 13— Interest on amount paid into Land Settlement Account as capital proceeds from sales of Crown lands 92,372 18 8 Miscellaneous expenditure— 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 96 4 1 Land Act, 1948, section 30 (2) — Payment in respect of land set aside for other Government purposes but no longer required for such purpose 20,401 3 8 Land Act, 1948, section 185 (3) — Land Act, 1924, sections 139, 317, and 358— Payments to Receivers of Land Revenue, Local Bodies' Deposit Accounts, for payment to local authorities in respect of rents, royalties, &c. 2,624 0 8 . Land subdivision in Counties Act, 1946— Payments under section 14 (2) 134 3 0 Public Reserves, Domains, and National Parks Act, 1928, section 41 (2) — Improvement and development of domains from proceeds of sale of areas 100 0 0 Reserves and Other Lands Disposal Act, 1927, section 25 (3)Payments on account of Turakina Domain 517 3 1 OQ £79 14. (\ £JO jO i IT U Transfer to Loans Redemption Account for redemption of securities 1,265 0 0 Carried forward 9,605,446 2 10

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1950—continued

RECEIPTS £ s. d. £ s. d. Brought forward 10,282,029 3 7 Balances transferred from Deposits Account in terms of the Land Act, 1948, section 27 (2) 88,331 12 2 Amount received from Public Trustee in terms of Land Act, J 948, section 27 (4) .. .. .. 22,092 15 11 j 110,424 8 1 Total £10,392,453 11 8 The Land Act, 1948, section 27, established the Land Settlement Account Rents, royalties, and interest from Crown lands previously credited to Ordinary Revenue Account LOANS REDEMPTION Balances at beginning of year— £ s. d. £ s. d. Cash 314,731 15 9 Investments 3,985,000 0 0 d 9QQ 731 1 f; g T, ilt/f y lOi JL tJ New Zealand Loans Amendment Act, 1947 — Section 11 (a) — Moneys raised for the purpose of repaying loans— Securities issued in conversion and in renewal of loans— Stock — To mature — 15th June, 1954-55 6,777,895 0 0 15th February, 1955-58 1,142,346 0 0 15th April, 1956-59 400 0 0 15th November, 1958 .. 11,169,818 0 0 15th June, 1961-64 8,333,485 0 0 15th March, 1962 6,000,000 0 0 15th December, 1963-66 6,000,000 0 0 1st June, 1973-77 6,015,000 0 0 1st June, 1973-77 (1948-49 cash instalments) 985,000 0 0 46,423,944 0 0 Section 11 (b) — Annual contribution from Consolidated Fund in respect of the defined portion of the public debt — One-half per centum of the total amount of the defined portion of the public debt outstanding at 31st March, 1949 2,724,971 15 9 Four per centum of the total amount of the defined portion of the public debt repaid or redeemed to 31st March, 1949 1,998,069 4 0 4- 79.*t 040 1Q 9 Tj I —u j vrtU A fJ Carried forward 55,446,716 15 6

B—l [Pt. I]

LAND SETTLEMENT ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. Brought forward 9,605,446 2 10 Balances at end of year — Cash 766,522 13 4 Imprests outstanding— Vote— £ s. d. Settlement of Ex-servicemen .. 16,513 10 0 Maori Land Settlement .. .. 3,971 5 6 Z\J 9 '±0'± lO t) 1 787,007 8 10 Total £10,392,453 11 8 and abolished the Land for Settlements Account as from 1st April, 1949. are in terms of the Land Act, 1948, payable to the Land Settlement Account as from 1st April, 1949. ACCOUNT New Zealand Loans Amendment Act, 1947— £ s. d. £ s. d. Section 12 (a) — Repayment of loans from moneys received under section 11 («)— Stock and debentures — Securities renewed or converted — To mature — 15th June, 1947-49 6,015,460 0 0 1st February, 1949-54 7,322,579 0 0 15th February, 1949-50 9,015,080 0 0 15th December, 1949 .. .. 7,500,000 0 0 15th May, 1949-52 7,879,945 0 0 15th February, 1955-58 572,946 0 0 15th November, 1958 6,319,818 0 0 Ad. QOQ /I A Cash instalments received during 1948-49 on account London stock maturing 1st June, 1973-77, utilized.. 985,000 0 0 Section 12 (b) — Redemption of securities determined by the Public Debt Commission — Securities redeemed before maturity— StockTo mature — 15th February, 1949-50 695,285 0 0 15th May, 1949-52 3,714,269 16 7 4,409,554 16 7 Securities redeemed at maturity— Stock and debentures — To mature— 15th June, 1947-49 1,077,510 0 0 AR7 flfi/L 1A H | O , 4:0 / , UU jb J O / Carried forward 51,097,892 16 7

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1950—continued

RECEIPTS n5 GQ £ s. d. Brought forward 55,446,716 15 6 New Zealand Loans Amendment Act, 1947—continued Section 11 (c) — Amounts received for redemption of loans from — Electric Supply Account 356,401 1 2 State Advances Corporation (Housing Account) 450,000 0 0 Ordinary Revenue Account 200,000 0 0 Ordinary Revenue Account 470,000 0 0 Land Settlement Account 1,265 0 0 State Coal-mines Account 109,375 10 0 Miscellaneous .. .. .. .. 22,758 2 7 1,609,799 13 9 Total £57,056,516 9 3

B —l [PT. I]

LOANS REDEMPTION ACCOUNT—continued

EXPENDITURE £ s. d. £ s. d. Brought forward 51,097,892 16 7 New Zealand Loans Amendment Act, 1947 —continued Section 12 (c) — Redemption of loans in terms of section 58 of New Zealand Loans Act, 1932— Securities redeemed before maturity— Stock— To mature—15th June, 1947-49 1,430 0 0 15th February, 1949-50 2,175 0 0 15th May, 1949-52 838,225 3 5 15th April, 1950-51 2,625 0 0 1st August, 1951-54 9,500 0 0 15th September, 1952-55 29,300 0 0 1st October, 1953 30,455 0 0 15th May, 1953-56 16,595 0 0 15th December, 1953-56 58,460 0 0 15th June, 1954-55 2,350 0 0 15th February, 1955-58 56,120 0 0 15th April, 1956-59 45,400 0 0 15th September, 1957-60 9,405 0 0 15th November, 1957 33,140 0 0 15th December, 1958 200,000 0 0 15th April, 1960-63 15,465 0 0 15th June, 1961-64 14,820 0 0 15th July, 1962-64 96,060 0 0 15th July, 1963-65 33,090 0 0 15th May, 1964-66 6,300 0 0 1,500,915 3 5 Securities redeemed at maturity— Stock and debentures — To mature— 15th November, 1927 .. .. 100 0 0 15th April, 1946-49 .. .. .. ! 150 0 0 15th September, 1949 .. .. .. j 311,994 16 3 312,244 16 3 Interest-free stock — To mature— Various 2,750 0 0 l eiK qnn iq o i,oio, yuy i& o Balances at end of year — Cash 1,142,713 13 0 Investments 3,000,000 0 0 A. 14.0 773 A T J iTii , ilO AO V Total J 257,056,516 9 3

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 — 3-per-cent. stock issued maturing 15th July, 1963-65 .. 2J-per-cent. stock issued maturing 15th May, 1955-56 .. 3-per-cent. stock issued maturing 15th May, 1964-66 .. 1-per-cent. Treasury bills Total £ s. d. 110,635 0 0 7,489,555 0 0 11,799,270 0 0 15,000,000 0 0 £ s. d. 34,399,460 0 0 £34,399,460 0 0 PUBLIC WORKS Balances at beginning of year— Cash Imprests outstanding Transfers from National Development Loans Account Agriculture (Emergency Powers) Act, 1934, section 26— Repayment of loans Finance Act, 1932, section 7 (4) — Proceeds from the sale of lands subject to the Hauraki Plains Act, 1926 Finance Act, 1932, section 11 (3) (a) — Recoveries of capital moneys expended on railway-line, Petone to Waterloo Sale of linen flax factories and equipment Taieri River Improvement Act, 1939, section 4 (2) — Loan repayments Miscellaneous receipts— Education Department Forest development J ustice and Prisons Lands and Survey Department— Survey liens Labour and Employment Department Carried forward £ s. d. 939,802 5 8 281,839 3 5 £ s. d. 1,221,641 9 1 17,791,274 10 4 1,783 18 2 5,423 18 2 9,000 0 0 12,768 0 4 348 10 2 39,955 19 7 711,413 9 6 79 5 6 3,284 19 11 4 2 3 754,737 16 9 19,042,240 6 3

B—l [PT. I]

ACCOUNTS for the Year ended 31st March, 1950—continued

LOANS ACCOUNT EXPENDITURE National Development Loans Act, 1941 — £ s. d. £ s. d. Transfers to— Electric Supply Account 6,250,000 0 0 Land Settlement Account 3,300,000 0 0 Public Works Account 17,791,274 10 4 State Coal-mines Account 900,000 0 0 Working Railways Account 2,900,000 0 0 Post Office Account 2,500,000 0 0 64-1 274- 10 4 WW , Oil , Li 1 *3C J.V rt Finance Act, 1946, section 3— Purchase of shares in British Commonwealth Pacific Airlines, Ltd. 241,935 9 8 Finance Act (No. 2), 1946, section 3 — Purchase of shares in the British Petroleum Company of New Zealand, Ltd. 191,250 0 0 New Zealand National Airways Act, 1945, section 25— Transfer to New Zealand National Airways Corporation .. 275,000 0 0 Finance Act (No. 2), 1948, section 3— Purchase of shares in Dominion Salt, Ltd. 50,000 0 0 758 185 Q ft 1 *JO 5 low V O Total £34,399,460 0 0 ACCOUNT Annual Appropriations— £ s. d. £ s. d. Vote- — Railway-construction .. .. 365,087 9 6 Housing Construction 10,708,619 15 5 Public Buildings 1,096,957 18 0 Education Buildings 2,336,512 8 1 Lighthouses and Harbour-works 20,237 11 0 Roads, &c. 464,649 2 4 Soil Conservation and Rivers Control 602,192 10 11 Irrigation, Water-supply, and Drainage 283,755 19 8 Highways Construction 2,342,139 4 10 Forest Development 2,228,091 8 5 20,448,243 8 2 Unauthorized expenditure— Services not provided for 995 19 1 90 4-4-Q 93Q 7 Finance Act (No. 2), 1932, section 6— Adjustment in respect of land and buildings transferred from the Marketing Department 27,816 11 10 Carried forward 20,477,055 19 I

JB—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

PUBLIC WORKS RECEIPTS £ s. d. £ s. d. Brought forward 754,737 16 9 19,042,240 6 3 Miscellaneous receipts—continued Public Works Department—Departmental receipts— General 680 11 7 Highways construction 35,542 13 7 Housing construction 1,476,115 14 2 Irrigation, water-supply, and drainage 184,449 15 7 Lighthouses and harbour-works Dr. 1,723 11 10 Public buildings 137,748 8 6 Railway-construction 17,656 11 8 Roads, &c. 57,744 19 7 Soil conservation and rivers control 70,406 0 9 Instalment on loans to — Eastbourne Borough Council 225 4 2 Lower Clutha River Trust 91 5 8 2,733,675 10 2 Total £21,775,915 16 5 REMITTANCES TO £ s. d. £ s. d. Amounts credited to New Zealand Public Account, London, being amounts remitted from Public Account, Wellington .. 18,479,974 2 5 Total £18,479,974 2 5 RESERVE FUND Balances at beginning of year— £ s. d. £ s. d. Cash 5,310 11 0 Investments .. .. .. .. 2,174,900 0 0 2 180 210 11 0 /U , X <J\J , i-i JL \> XX \J Hawke's Bay earthquake—• Repayments of loans made to earthquake sufferers 20,488 19 6 Repayment of loans made to local authorities 4,906 5 4 25 3Q5 4-10 A/t»jUt7w JL Iv Interest on investments 68,004 5 6 Miscellaneous receipts 32 8 0 Total £2,273,642 9 4 ; - -7- —

B—l [PT. I]

ACCOUNTS for the Year ended 31st March, 1950-—continued

ACCOUNT—continued EXPENDITURE Brought forward Balances at end of year— Cash Imprests outstanding Total £ s. d. 991,301 16 10 307,558 0 6 £ s. d. 20,477,055 19 1 1,298,859 17 4 £21,775,915 16 5 LONDON ACCOUNT Amounts withdrawn from Public Account, Wellington, for remittance to New Zealand Public Account, London Total £ s. d. £ s. cf. 18,479,974 2 5 £18,479,974 2 5 ACCOUNT Hawke's Bay earthquake— Administration expenses Balances at end of year — Cash Investments Total £ s. d. 9,605 19 4 2,264,000 0 0 £ s. d. 36 10 0 2,273,605 19 4 £2,273,642 9 4

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

SOCIAL RECEIPTS £ s. d. £ s. d Balances at beginning of year — Cash 533,874 4 8 Investments 8,000,000 0 0 Imprests outstanding 148,043 6 7 8 681 917 11 3 Social security charge .. .. , 31,702,569 10 10 Miscellaneous receipts 52,905 0 3 1 '>1 7KK 474 ii fj 1- y 1 WU jTIT i-X Transfer from Consolidated Fund 12,000,000 0 0 Interest on investments 17,698 9 1 Summary of the Receipts and Expenditure for the year — £ s. d. Expenditure . 46,360,425 19 1 Receipts . 43,773,173 0 2 Excess expenditure .. £2,587,252 18 11 Total £52,455,090 11 5 STATE COALBalances at beginning of year — £ s. d. £ s. d. Cash 88,737 8 8 Imprests outstanding 33,013 9 1 121,750 17 9 Transfer from National Development Loans Account 0 0 Rents, royalties, subsidies, sale of coal, coke, wood, &c. 4,796,634 11 7 Housing and other loans— 20,895 5 9 Repayment of principal and interest Realization of investments held by companies acquired by 19,518 14 1 Crown Miscellaneous receipts 43,503 17 11 Total £5,902,303 7 1

B—l [FT. I]

ACCOUNTS for the Year ended 31st March, 1950 —continued

SECURITY FUND EXPENDITURE 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 (Reciprocity with Australia) Act, 1948— Section 15 (a) : Reciprocity benefits .. .. Social Security Amendment Act, 1943, section 13 (8) (c) — Payment of balance of maintenance moneys .. Balances at end of year —■ Cash Investments Imprests outstanding Total £ s. d. 1,063,977 2 7 8,461,109 1 6 6,641 6 6 £ s. d 9,531,727 10 7 36,826,720 18 6 1,714 10 9 262 19 3 6,094,664 12 4 15,133,751 2 8 1,397,713 6 3 2,094,640 12 8 1,008,651 1 4 14,850,959 1 7 120,060 18 3 31,176 5 10 1 17 9 10,401 11 1 2,179,365 1 1 998,368 9 5 5,000,000 0 0 96,296 2 11 £52,455,090 11 5 MINES ACCOUNT Annual Appropriations— Vote —State Coal-mines Unauthorized expenditure— Services not provided for .. Finance Act (No. 2), 1939, section 3— Transfer to Loans Redemption Account for redemption of securities .. Superannuation Act. 1947, section 86 (2) — Subsidy to Government Superannuation Fund Balances at end of year— Cash Imprests outstanding Total £ s. d. 5,321,977 18 1 170,873 2 0 £ s. d. 5,492,851 0 1 109,375 10 0 3,549 0 7 296,527 16 5 217,466 15 4 79,061 1 1 £5,902,303 7 1

B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

WAR EXPENSES RECEIPTS Balances as at beginning of year— Cash Imprests outstanding .. .. .. Investments Disposal of surplus assets Miscellaneous receipts— Navy Army Air Donations General Disposal of assets acquired under German Reparations World War II .. Rehabilitation— Repayment of advances Interest on Advances Miscellaneous receipts Repayment of Supplementary Loans Donations Total £ s. d. 1,432,895 11 9 462,287 3 6 1,500,000 0 0 £ s. d. 3,395,182 15 3 969,000 7 9 374,052 14 1 1,906,262 14 4 4,042 10 0 171,887 19 9 38,060 4 1 137 13 10 47,308 8 11 112,615 17 6 1,502,291 16 9 58,237 6 0 288,906 18 3 61,467 13 4 Dr. 4,641 0 0 £6,644,498 11 5 WORKING RAILWAYS Balances at beginning of year— Cash Investments Imprests outstanding Transfer from National Development Loans Account Railway revenue Stabilization subsidy Interest on investments Railway Employees' Sick Benefit Fund — Subsidy from Working Railways Account Miscellaneous receipts Total £ s. d. 759,188 3 2 550,000 0 0 2<j8,037 11 10 £ s. d. 1,577,225 15 0 2,900,000 0- 0 19,087,089 3 2 1,055,556 0 4 13,750 0 0 10,200 0 0 3,219,257 12 2 £27,863,078 10 8

B—l [PT. I]

ACCOUNTS for the Year ended 31st March, 1950—continued

Audit Office Notb Under the post-audit system, provided for by the Public Revenues Act, 1926, the final audit of many vouchers cannot be completed before the date at •which the Public Accounts are required by the Act to be certified.

ACCOUNT EXPENDITURE War Expenses Act, 1939— Subdivision I: Navy Subdivision II: Army Subdivision III: Air Subdivision IV: Ancillary Subdivision V : Rehabilitation Subdivision VII: Gratuities Balances at end of year— Cash Investments Imprests outstanding Summary of the Receipts and Expenditure for the year— £ s. d. Expenditure .. .. .. 4,279,124 4 4 Receipts .. .. .. .. 3,249,315 16 2 £ s. d. 805,393 8 4 1,500,000 0 0 59,980 18 9 £ s. d. 3,096 5 5 255,047 11 5 60,725 16 4 Or. 101,910 4 8 3,934,345 2 6 127,819 13 4 2,365,374 7 1 i Excess Expenditure .. .. .. £1,029,808 8 2 Total £6,644,498 11 5 ACCOUNT Annual Appropriations— Vote — Working Railways.. Improvements and Additions to Open Lines Superannuation Act, 1947, section 86 (2) — Subsidy to Government Superannuation Fund Subsidy to Railway Employees' Sick Benefit Fund Balances at end of year— Cash Investments .. .. Imprests outstanding Total £ s. d. 22,829,125 17 1 2,763,400 0 6 £ s. d. 25,592,525 17 7 291,464 0 11 10,200 0 0 1,968,888 12 2 1,098,020 14 8 550,000 0 0 320,867 17 6 £27,863,078 10 8

B—l [PT. I]

SUMMARY of CASH and IMPREST BALANCES at 31st MARCH, 1950

Account. Cash. j Imprests. Total. Consolidated Fund :— £ s. d. £ s. d. £ s. d. Ordinary Revenue Account 5,077,660 13 0 870,782 8 10 5,948,443 1 10 Deposits Account 3,669,432 1 7 116,124 9 1 3,785,556 10 8 Defence Fund 101,837 14 2 101,837 14 2 Earthquake and War Damage Fund 125,453 18 10 6i 7 0 125,515 5 10 Electric Supply Account 527,427 6 0 36,658 2 3 564,085 8 3 Land Settlement Account 766,522 13 4 20,484 15 6 787,007 8 10 Loans Redemption Account 1,142,713 13 0 1,142,713 13 0 Public Works Account 991,301 16 10 307,558 0 6 1,298,859 17 4 Reserve Fund Account 9,605 19 4 9,605 19 4 Social Security Fund 998,368 9 5 96,296 2 11 1,094,664 12 4 State Coal-mines Account 217,466 15 4 79,061 1 1 296,527 16 5 Suspense Account 243,821 18 1 243,821 18 1 War Expenses Account 805,393 8 4 59,980 18 9 865,374 7 1 Working Railways Account 1,098,020 14 8 320,867 17 6 1,418,888 12 2 Totals £15,775,027 1 11 £1,907,875 3 5 £17,682,902 5 4

B—l [FT. I]

SUMMARY of INVESTMENTS held at 31st MARCH, 1950

Account. Government Securities. Other Securities. Total Investments. Consolidated Fund :— £ s. d. £ s. d. £ s. d. Ordinary Revenue Account 5,500,000 0 0 5,500,000 0 0 Deposits Account .. 4,882,995 0 0 4,882,995 0 0 Defence Fund 2,830,000 0 0 2,830,000 0 0 Earthquake and War Damage Fund 4,270,000 0 0 2,440,000 0 0 6,710,000 0 0 Loans Redemption Account 3,000,000 0 0 3,000,000 0 0 Reserve Fund Account 2,264,000 0 0 2,264,000 0 0 Social Security Fund 5,000,000 0 0 5,000,000 0 0 War Expenses Account 1,500,000 0 0 1,500,000 0 0 Working Railways Account 550,000 0 0 550,000 0 0 Totals £27,532,995 0 0 £4,704,000 0 0 *£32,236,995 0 0 ♦Against these Investments there is a Loan Liability Investments in Government Securities. of £27,532,995 corresponding to the amount of

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

STATEMENT of RECEIPTS and DISBURSEMENTS under the Trustee Act, 1908, to the 31st March, 1950, with Particulars of the BALANCE at CREDIT

£ s. d. £ s. d. Balance on 1st April, 1949 .. .. .. 8,991 8 9 Estate of — John Atkinson 48 5 0 Elsie Florence George 30 3 2 D. Hollander 0 11 0 John Beamish 24 8 9 W. R. Williams 496 17 5 fiOft A Total UUv d t £9,591 14 1

B—l [FT. I]

PUBLIC ACCOUNTS, 1949-1950

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

Balances on 31st March, 1950 — Estate of — £ s. d. £ s." d. Susan Smaliwood 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 Galway 836 13 9 John Burk .. .. .. .. .. 74 7 10 Geoffrey Arthur Harney .. 44 15 3 Jphn 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 .. .. .. .. .. 295 12 9 A. A. Mclntyre .. .. .. .. .. 50 0 0 B. Foster .. .. .. .. .. 20 5 7 G. E. Walker 1,066 6 6 Elsie Florence George 30 3 2 I). Hollander 0 11 0 John Beamish .. .. .. .. .. 24 8 9 W. R. Williams 496 17 5 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 9,591 14 1 Total £9,591 14 1 i,r — =«

B—l [Pr. I]

PUBLIC ACCOUNTS, 1949-1950

STATEMENT showing the AMOUNTS appropriated under the Appropriation Act, 1949, and the ISSUES in respect thereof from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1950

(Under Section 86 of the Public Revenues Act, 1926) Balances o Szj (+ means Amount Account and Vote. Annual Vote. Expenditure. issued in Excess; -S — means Amount > unissued). Ordinary Revenue Account £ s. d. £ s. d. £ s. d. 1 Legislative 172,794 0 0 170,618 1 5 -2,175 18 7 2 Prime Minister's Department 186,175 0 0 164,262 19 10 -21,912 0 2 3 External Affairs 737,861 0 0 733,009 4 2 -4,851 15 10 4 Treasury 395,250 0 0 380,663 1 8 -14,586 18 4 5 Stabilization 13,947,410 0 0 14,855,587 16 8 +908,177 16 8 6 Customs 353,511 0 0 348,215 1 9 -5,295 18 3 7 Land and Income Tax 775,880 0 0 770,560 8 9 -5,319 11 3 8 Stamp Duties 211,380 0 0 209,516 11 10 -1,863 8 2 9 Audit 128,062 0 0 127,166 16 3 -895 3 9 10 Public Service Commission 85,083 0 0 81,070 1 11 -4,012 18 1 11 12 Internal Affairs 1,555,306 0 0 1,595,265 2 6 +39,959- 2 6 Island Territories 950,442 0 0 838,083 5 7 -112,358 14 5 13 Printing and Stationery 791,745 0 0 692,941 19 9 -98,803 0 3 14 Marine 472,940 0 0 417,667 7 8 —55,272 12 4 15 Labour and Employment 1,611,911 0 0 1,816,628 10 4 + 204,717 10 4 16 Maori Affairs 495,108 0 0 461,162 5 6 -33,945 14 6 17 Valuation 249,229 0 0 256,375 5 11 + 7,146 5 11 18 Electoral 261,553 0 0 290,682 6 7 +29,129 6 7 19 Census and Statistics 95,000 0 0 91,700 5 8 -3,299 14 4 20 Rehabilitation 346,695 0 0 342,017 9 1 -4,677 10 11 21 Justice and Prisons 714,345 0 0 707,328 2 5 -7,016 17 7 22 Crown Law 16,540 0 0 16,674 19 9 + 134 19 9 23 Police 1,275,721 0 0 1,206,206 17 6 -69,514 2 6 24 Navy .. .. .. 3,213,969 0 0 3,138,223 2 3 -75,745 17 9 25 Army 2,989,330 0 0 2,609,409 0 5 -379,920 19 7 26 Air 4,692,407 0 0 4,074,496 5 11 -617,910 14 1 27 Maintenance of Public Works and Services 7,705,450 0 0 7,711,789 17 1 +6,339 17 1 28 Highways Maintenance 4,533,430 0 0 4,140,012 0 8 -393,417 19 4 29 Lands and Survey 1,284,998 0 0 1,030,715 2 0 -254,282 18 0 30 Forest Administration 736,435 0 0 695,963 2 10 -40,471 17 2 31 Agriculture 2,129,110 0 0 2,161,427 17 1 +32,317 17 1 32 Milk Marketing 321,543 0 0 308,595 15 6 -12,947 4 6 33 Scientific and Industrial Research .. 974,476 0 0 958,749 14 2 — 15,726 5 10 34 Mines 144,615 0 0 142,742 16 1 -1,872 3 11 35 Transport 388,010 0 0 359,996 5 11 -28,013 14 1 36 Civil Aviation and Meteorological 0 Services 1,992,299 0 0 1,525,145 12 0 -467,153 8 37 Industries and Commerce 443,840 0 0 468,445 18 10 +24,605 18 10 38 Tourist and Health Resorts 793,503 0 0 799,476 7 3 +5,973 7 3 39 Health 8,855,250 0 0 8,865,147 9 5 +9,897 9 5 40 Education 11,325,251 0 0 11,613,629 15 11 +288,378 15 11 41 War and other Pensions 5,372,740 0 0 5,368,228 6 1 -4,511 13 11 42 Social Security Services not pro- £ s. d. videdfor .. 647,960 13 0 Less amounts recovered or transferred to 12,000,000 0 0 12,000,000 0 0 votes .. 165,551 16 7 482,408 16 5 Totals / £95,726,597 0 0 £95,028,007 8 4 I

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

STATEMENT showing the AMOUNTS appropriated under the Appropriation Act, 1949, and the ISSUES in respect thereof from the SEPARATE ACCOUNTS for the FINANCIAL YEAR ended 31st March, 1950

(Under Section 86 of the Public Revenues Act, 1926) o <D o > 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 Account and "Vote. Annual Vote. Expenditure. Balances (+ means Amount issued in Excess; — means Amount unissued). Earthquake and War Damage Fund Earthquake and War Damage Electric Supply Account Electric Supply Services not provided for .. Totals Land Settlement Account Crown Lands Settlement of Ex-servicemen Maori Land Settlement Services not provided for Totals 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 Highways Construction Forest Development Christmas Island Phosphate Rights 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 Working Railways Account Working Railways Improvements and Additions to Open Lines Totals £ s. d. 20,335 0 0 £ s. d. 18,017 12 4 £ s. d. -2,317 7 8 8,750,000 0 0 8,411,415 0 2 710 11 1 -338,584 19 10 8,750,000 0 0 8,412,125 11 3 1,077,444 0 0 6,991,050 0 0 1,861,800 0 0 800,352 14 1 5,637,511 2 0 2,053,643 2 7 35 0 0 -277,091 5 11 -1,353,538 18 0 + 191,843 2 7 9,930,294 0 0 8,491,541 18 8 405,000 0 0 9,850,740 0 0 1,050,000 0 0 2,250,000 0 0 50,000 0 0 475,000 0 0 580,000 0 0 312,800 0 0 2,500,000 0 0 2,300,400 0 0 125,000 0 0 365,087 9 6 10,708,619 15 5 1,096,957 18 0 2,336,512 8 1 20,237 11 0 464,649 2 4 602,192 10 11 283,755 19 8 2,342,139 4 10 2,228,091 8 5 995 19 1 -39,912 10 6 +857,879 15 5 +46,957 18 0 +86,512 8 1 -29,762 9 0 -10,350 17 8 +22,192 10 11 -29,044 0 4 -157,860 15 2 -72,308 11 7 — 125,000 0 0 19,898,940 0 0 20,449,239 7 3| 1,110,920 0 0 8,259,000 0 0 1,063,977 2 7 8,461,109 1 6 6,641 6 6 -46,942 17 5 +202,109 1 6 9,369,920 0 0 9,531,727 10 7 5,417,925 0 0 5,321,977 18 1 170,873 2 0 -95,947 1 11 5,417,925 0 0 5,492,851 0 1 23,866,078 0 0 3,102,035 0 0 22,829,125 17 1 2,763,400 0 6 -1,036,952 2 11 -338,634 19 6 26,968,113 0 0 25,592,525 17 7

B—l [Pt. IJ

PUBLIC ACCOUNTS, 1949-1950

STATEMENT showing the AMOUNTS appropriated under the Appropriation Act, 1949, and the ISSUES in respect thereof from ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT for the FINANCIAL YEAR ended 31st March, 1950

(Under Section 86 of the Public Revenues Act, 1926) © { o Account and Vote. ?! Annual Vote. Expenditure. Balances (+ means Amount issued in excess; — means Amount unissued). ■ f Post Office Account 64 Post and Telegraph. Working-expenses 65 Telegraph Extension Services not provided for Totals .. Public Trustee's Account 66 Public Trust Office Maori Trustee's Account 67 Maori Trust Office Government Insurance Account 68 Government Insurance Government Superannuation Fund Account 69 Government Superannuation Fund Office State Fire Insurance Account 70 State Fire Insurance Government Accident Insurance Account 71 Government Accident Insurance Marketing Account 72 Marketing .. .. Broadcasting Account 73 Broadcasting Services not provided for .. Totals £ s. d. 10,229,180 0 0 3,589,500 0 0 £ s. d. 10,225,017 10 3 3,420,501 11 2 272 0 0 £ s. d. -4,162 9 9 -168,998 8 10 13,818,680 0 0 13,645,791 1 5 568,564 0 0 520,747 11 0 -47,816 9 0 1 19,256 0 0 17,453 10 4 -1,802 9 8 304,585 0 0 286,943 13 10 -17,641 6 2 32,030 0 0 31,328 13 5 -701 6 7 305,690 0 0 275,213 3 5 -30,476 16 7 I 240,200 0 0 278,932 18 9 +38,732 18 9 594,493 0 0 597,119 4 11 +2,626 4 11 1,041,550 0 0 1,033,021 14 4 129 4 3 -8,528 5 8 1,041,550 0 0 1,033,150 18 7

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1950

(Under Section 58 of the Public Revenues Act, 1926) CONSOLIDATED FUND Ordinary Revenue Account FOR SERVICES NOT PROVIDED FOR Agriculture Department — £ s. d. Compensation payments to Hawke's Bay £ s. d. £ s. d. growers for fruit damaged by hail .. 10,844 0 0 Air Department— Cost of funeral expenses and repatriating ashes of person killed in accident with departmental truck 86 13 6 Air Department (Civil Aviation) — Payments to New Zealand National Airways Corporation of — (a) Losses incurred — Year ended 31st March, 1949 243,318 7 6 Year ended 31st March, 1950 (on account) 100,000 0 0 (b) Excess of expenditure over income, Pacific Regional Services, year ended 31st March, 1949 45,808 13 9 389,127 1 3 Army Department— Reimbursement of amount misappropriated from Imprest Account (see also Labour and Employment Department) 265 10 3 Ex gratia payment to wife of ex-service-man, being equivalent of allotment and child allowance 63 0 0 Ex gratia payment to officer as equivalent to war service gratuity 193 14 8 522 4 11 External Affairs Department— New Zealand Legation, Paris : Cost of official entertainment 612 17 6 New Zealand Legation, Moscow : Refund to officers of medical expenses incurred whilst serving in Moscow .. 197 4 9 810 2 3 Health Department— Grant to King George V Memorial Fund for completion of the Pakuranga 57,000 0 0 Health Camp Carried forward 458,390 1 11

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. d. £ 458,390 s. 1 d. 11 £ s. d. CONSOLIDATED FUND —continued Ordinary Revenue Account —continued FOR SERVICES NOT PROVIDED F OR —continued Health Department (Mental Hygiene Division ) — Cost of repairs to private car damaged in accident with departmental vehicle Ex gratia payment arising from an accident to a nurse travelling in a departmental vehicle Ex gratia payment to a nurse for personal property damaged whilst travelling in a departmental vehicle 41 33 25 3 2 0 0 0 0 99 5 0 Industries and Commerce Department— Grant to Tobacco Crop Insurance Fund in terms of Government guarantee .. Net cost of claim for damage to cargo carried by the " Salamaua" while under charter to the Government .. 10,000 341 0 4 0 0 10,341 4. 0 Internal Affairs Department— Expenses incurred in various places throughout New Zealand in investitures arising from war service, being expenses deemed to be outside the provisions of the Civil List Act, 1920 Fares of members of General Assembly attending Parliamentary Conference, Bermuda, and United Nations Conference, Paris Expenses of delegates to a meeting called to discuss the formation of a National Theatre Compensation paid to owners of sheep worried by dogs owned by departmental employees Ex gratia payments to Waiariki and Aotea District Maori Land Boards as compensation for delay in settlement of amounts awarded by Taupo Waters Commission Purchase of motor-vehicles for messenger service 2,000 451 95 247 884 1,052 0 17 12 17 10 8 0 1 11 6 4 0 4,732 5 10 Island Territories Department— Establishment costs, transfer expenses, and salary of Resident Commissioner, Chatham Islands 181 15 11 Carried forward 473,744 12 8

B —l [Pt. I]

PUBLIC ACCOUNTS, 1949-1950

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. d. £ s. 473,744 12 d. 8 £ s. d CONSOLIDATED FUND —continued Ordinary Revenue Account —continued FOR SERVICE NOT PROVIDED FOR—continued Justice and Prisons Department— Ex gratia payment of legal costs 50 0 0 Labour and Employment Department— Reimbursement of amount misappropriated from Imprest Account (see also Army Department) 172 7 2 Maori Affairs Department— Part-cost of scheme for interesting Maoris in horticulture 1 5 10 Ministry of Works— Cost of truck hire incurred in connection with search for Oxford aircraft which crashed in Ruahine Ranges Ex gratia payment to departmental officer of cost of medical and hospital fees incurred overseas 109 269 14 0 1 9 378 14 100 0 10 0 Navy Department— Compensation for loss suffered by owners of fishing-trawler when nets were fouled by dumped ammunition Social Security Department— Special annuity : W. E. P. Meachen .. 83 6 8 Tourist and Health Resorts— Ex gratia payment as compensation for an accident at Glacier Hotel Ex gratia payment to tourist for possessions lost in Hotel Milford fire .. 100 278 0 9 0 3 378 9 3 Treasury Department— Purchase of shares in East Coast Farmers Fertilizer Co., Ltd. 7,500 0 0 482,408 16 5 Carried forward 482,408 16 5

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. d. £ s. 482,408 16 d. 5 £ s. d. CONSOLIDATED FUND —continued Ordinary Revenue Account —continued FOR SERVICES IN EXCESS OF VOTES Vote —Stabilization Vote—Internal Affairs Vote —Labour and Employment Vote—Valuation Vote —Electoral Vote—Crown Law .. Vote—Maintenance of Public Works and Services Vote—Agriculture Vote —Industries and Commerce Vote—Tourist and Health Resorts Vote —Health Vote —Education 908,177 39,959 204,717 7,146 29,129 134 6,339 32,317 24,605 5,973 9,897 288,378 16 2 10 5 6 19 17 17 18 7 9 15 8 6 4 11 7 9 1 1 10 3 5 11 1,556,778 7 4 2,039,187 3 9 SEPARATE ACCOUNTS Electric Supply Account FOR SERVICES NOT PROVIDED FOR Expenses of senior engineer, Ministry of Works, while on visit to United States of America in connection with Maraetai Dam Ex gratia payment of part-cost of formation of Karapiro Lake Domain Board Compassionate grant to the widow of a deceased officer 548 5 157 5 0 5 7 0 6 710 11 1 Land Settlement Account FOR SERVICES NOT PROVIDED FOR Monetary equivalent of leave due to workmen while serving with the Armed Forces 35 0 0 FOR SERVICES IN EXCESS OF VOTES Vote—Maori Land Settlement 191,843 2 7 191,878 2 7 Public Works Account FOR SERVICES NOT PROVIDED FOR Housing Construction— Part-cost of house for display in " Ideal Home " Exhibition, London Cost of providing platforms for opening ceremonies of thirty thousandth State house and pensioners' flats Cost of damage to bicycle Compensation for personal damages sustained in an accident involving a departmental vehicle 784 63 1 75 3 1 11 0 6 0 2 0 Carried forward 923 15 8 2,231,775 17 5

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

Brought forward £ s. 923 15 d. 8 £ s. d. £ s. 2,231,775 17 d. 5 SEPARATE ACCOUNTS —continued Public Works Account—continued FOR SERVICES NOT PROVIDED FOR —continued Housing Construction —continued Cost of repairs to private vehicles damaged in accidents with, departmental vehicles 72 3 5 995 19 1 FOR SERVICES IN EXCESS OF VOTES Vote—Housing Construction Vote—Public Buildings Vote —Education Buildings Vote —Soil Conservation and Rivers Control 857,879 15 46,957 18 86,512 8 22,192 10 5 0 1 11 1,013,542 12 5 1,014,538 11 . 6 Social Security Fund FOR SERVICES NOT PROVIDED FOR Payment to the Post and Telegraph Department, of amounts misappropriated by officers of the Social Security Department 6,641 6 6 FOR SERVICES IN EXCESS OF VOTES Vote —Medical, Hospital, &c., Benefits.. 202,109 1 6 208,750 8 0 State Coal-mines Account FOR SERVICES NOT PROVIDED FOR Purchase of shares of Renown Collieries, Ltd. .. .. 170,873 2 0 ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT Post Office Account FOR SERVICES NOT PROVIDED FOR Compensation paid for loss of milk-pro-duction due to pollution of Makara Stream by departmental septic tank Ex gratia payment for loss of wages due to withdrawal of offer of employment 250 22 0 0 0 0 272 0 0 Carried forward 1 3,626,209 18 11

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

ABSTRACT of the UNAUTHORIZED EXPENDITURE ACCOUNT—continued

SUMMARY

£ s. d. £ s. d. £ s. d. Brought forward 3,626,209 18 11 ACCOUNTS OUTSIDE THE PUBLIC ACCOUNT —continued Government Accident Insurance Account FOR SERVICES IN EXCESS OF VOTES Vote—Government Accident Insurance .. 38,732 18 9 Marketing Account FOR SERVICES IN EXCESS OF VOTES Vote—Marketing 2,626 4 11 Broadcasting Account FOR SERVICES NOT PROVIDED FOR Compassionate grant to widow of a deceased officer 129 4 3 Total £3,667,698 6 10

Unauthorised ! Authority. (Section 7 of the Amounts Expended. Finance Act, 1947). Unauthorized Expenditure £ S. d. £ s. d. For all services £2,895,107 11 7 £3,667,698 6 10

B—l [PT. I]

PUBLIC ACCOUNTS, 1949-1950

STATEMENT OF CORPORATION INVESTMENTS HELD AS AT 31st MARCH, 1950 AND SUBMITTED AS REQUIRED BY FINANCE ACT, 1947, SECTION 3

3—B I [PT. I]

Bank of New Zealand — Nominal Value. Finance Act, 1926, section 8— £ s. d. £ s. d. Shares acquired 2,109,375 0 0 1,859,375 0 0 Bank of New Zealand Act, 1945— Shares acquired 4,212,396 0 0 10,148,722 7 3 Finance Act, 1948, section 3 (4) — Shares acquired 6,354 0 0 10,198 3 2 £6,328,125 0 0 12,018,295 10 5 British Commonwealth Pacific Airlines, Ltd. — Finance Act, 1946, section 3 — Shares acquired 541,935 9 8 British Petroleum Co. of New Zealand, Ltd.— Finance Act (No. 2), 1946, section 3 — Shares acquired : 1,275,000 £1 shares 1,275,000 0 0 British Phosphate Commissioners— Finance Act, 1920, section .15— Capital advanced 483,899 15 3 Christmas Island Phosphate Concession — Finance Act (No. 2), 1948, section 2— Capital advanced 1,375,000 0 0 Dominion Salt, Ltd. — Finance Act (No. 2), 1948, section 3 — Shares acquired : 150,000 £1 shares paid up to 6s. 8d. 50,000 0 0 East Coast Farmers Fertilizer Co., Ltd. — Shares acquired : 30,000 £1 shares paid up to 5s. .. .. 7,500 0 0 Kamo Collieries, Ltd. — Coal Act, 1948, section 46 (2) — Shares acquired .. .. .. .. .. ... 104,000 0 0 Linen Flax Corporation — Linen Flax Corporation Act, 1945, section 13 — Capital advanced 300,000 0 0 Linton Coal Co., Ltd. — Coal Act, 1948, section 46 (2) — Shares acquired 159,216 8 3 New Zealand National Airways Corporation— New Zealand Airways Act, 1945, section 25— Capital advanced 1,500,000 0 0 New Zealand Woolpack and Textiles, Ltd.— Finance Act, 1940, section 15— Shares acquired : 600,000 5s. shares paid up to Is.; calls in advance to 4s. 150,000 0 0 Renown Collieries, Ltd. — Coal Act, 1948, section 46 (2) — Shares acquired 170,873 2 0 Reserve Bank of New Zealand— Reserve Bank of New Zealand Act, 1933, section 11— General Reserve Fund .. .. 1,500,000 0 0 State Advances Corporation— State Advances Corporation Act, 1934-35, section 6, and State Advances Corporation Act, 1936, section 6— 1,000,000 0 0 Capital advanced State Advances Corporation Act, 1934-35, section 33 (2) — State's contribution to General Reserve Fund 2,753,164 1 11 State Advances Corporation Act, 1934-35, section 38— Stock issued in exchange for securities transferred to the Corporation 34,044,850 0 0 Tasman Empire Airways, Ltd. — Finance Act (No. 2), 1939, section 2— Shares acquired : 375,000 £1 shares 375,000 0 0 Taupiri Coal Mines, Ltd. — Coal Act, 1948, section 46 (2) — Shares acquired 820,797 14 0 Total £58,629,532 1 6

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, 1950

Domicile of Principal. Interest Charge. Due Date New Zealand. London. and Optional Dates. Interest in New Zealand Remarks. Currency. £ s. d. £ s. d. 0/ /o £ 2 935 0 0 Various Overdue and unpresented. 1 600 0 0 Free Repayable on various dates. 15 April, 1949 Option to repay £451,100 maturing 15th April, 1951. *628 226 15 April, 1950 Option to repay £9,598,085 maturing 15th April, 1951. 0 0 1,250 ]000 0 0 1 Feb., 1951 '4 103,302 * Repayable in Australian currency, £(A.)779,000. 451 100 0 0 15 April, 1951 2* 11,278 Repayable at the option of the Government at par on or after 15th April, 1949, on three months' notice. 9,598 085 0 0 15 April, 1951 2* 239,952 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 £6,422,900 maturing 1st August, 1954. 15 June, 1952 Option to repay £8,496,745 maturing 15th June, 1955. 1 July, 1952 Option to repay £12,000,000 maturing 1st July, 1955. 15 Sept., 1952 Option to repay £9,842,380 maturing 15th September, 1955. 15 Jan., 1953 Option to repay £8,891,920 maturing 15th January, 1957. 9,554 995 15 May, 1953 Option to repay £7,288,810 maturing 15th May, 1956. Option to repay £17,490,560 maturing 15th December, 1956. Option to repay £4,977,400 maturing 31st May, 1958. 0 0 1 Oct., 15 Dec., 31 May, 1953 1953 1954 238,875 6,422 15 June, 1954 Option to repay £8,025,545 maturing 15th June, 1955. 900 0 0 1 Aug., 15 Feb., 1954 1955 3 i.92,687 Repayable at the option of the Government at par on or after 1st August, 1951, on three months' notice. Option to repay £22,827,565 maturing 15th February, 1958. 8,496 15 May, 1955 Option to repay £7,489,555 maturing 15th May, 1956. 745 0 0 15 June, 1955 4 339,870 Repayable at the option of the Government at par on or after 15th June, 1952, on three months' notice. 8,025 545 0 0 15 June, 1955 2t 200,638 Repayable at the option of the Government at par on or after 15th June, 1954, on three months' notice. 12,000,000 0 0 1 July, 1955 3 360,000 Repayable at the option of the Government at par on or after 1st July, 1952, on three months' notice. 9,842,380 0 0 15 Sept., 1955 3 295,271 Repayable at the option of the Government at par on or after 15th September, 1952, on three months' notice.

B—l [Pt. I]

15 Oct., 1955 ' Option to repay £6,3ll,679 maturing 15th October, 1960. 15 Jan., 1956 Option to repay £6,203,710 maturing 15th January, 1959. 15 April, 1956 Option to repay £8,394,010 maturing 15th April, 1959. 7,288 j810 0 0 15 May, 1956 3* 2i8,664 Repayable at the option of the Government at par on or after 15th May, 1953, on three months' notice. 7,489,555 0 0 15 May, 1956 2* 187,239 Repayable at the option of the Government at par on or after 15th May, 1955, on three months' notice. 1 Nov., 1956 Option to repay £5,000,000 maturing 1st November, 1971. 17,490^560 0 0 15 Dec., 1956 3 524,716 Repayable at the option of the Government at par on or 15th December, 1953, on three months' notice. after 8,891,920 0 0 15 Jan., 1957 H 311,217 Repayable at the option of the Government at par on or after 15th January, 1953, on three months' notice. 35,900,000 0 0 15 July, 1957 H 897,500 42,270,000 0 0 15 Aug., 1957 2* 1,056,750 20,000,000 0 0 15 Sept., 1957 3 600,000 15 Sept., 1957 Option to repay £14,229,595 maturing 15th September, 1960. 35,100 j 000 0 0 15 Oct., 1957 2i 877,500 1,353,000 0 0 15 15 Nov., Nov., 1957 1957 3 40,590 Tax-free Non-transferable stock. Option to repay £6,581,365 maturing 15th November, 1960. 22,827 j565 0 0 15 Feb., 1958 3 684,827 Repayable at the option of the Government at par on or 15th February, 1955, on three months' notice. after 4,977,400 0 0 31 May, 1958 4 199,096 Repayable at the option of the Government at par on or after 31st May, 1954, on three months' notice. 45,650,000 0 0 15 Nov., 1958 3 1,369,500 22,000,000 0 0 15 Dec., 1958 3 660,000 6,203,710 0 0 15 Jan., 1959 H 201,621 Repayable at the option of the Government at par on or after the 15th January, 1956, on three months' notice. 8,394,010 0 0 15 April, 1959 3 251,820 Repayable at the option of the Government at par on or after 15th April, 1956, on three months' notice. Option to repay £7,339,656 maturing 1st March, 1964. . Option to repay £12,691,690 maturing 15th April, 1963. 20,000,000 0 0 15 1 15 June, Mar., April, 1959 1960 1960 1 200,000 264^750 0 0 22 May, 1960 H ' 9,266 14,229,595 0 0 15 Sept., 1960 3i 462,461 Repayable at the option of the Government at par on or after 15th September, 1957, on three months' notice. 6,311,679 0 0 15 Oct., 1960 H 220,909 Repayable at the option of the Government at par on or 15th October, 1955, on three months' notice. after 6,581,365 0 0 15 Nov., 1960 3 197,441 Repayable at the option of the Government at par on or 15th November, 1957, on three months' notice." after Carried forward 379,936,751 0 0 19,561,679 0 0 11,152,990

B—l [Pt. 1]

THE PUBLIC DEBT OF NEW ZEALAND STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1950— continued

Domicile of Principal. Interest Charge. Due Date New Zealand. London. and Optional Dates. 1 Interest in New Zealand Remarks. Currency. £ s. d. £ s. d. £ Brought forward 0/ /o 379,936,751 0 0 19,561 679 0 0 15 June, 1961 11,152,990 Option to repay £8,318,665 maturing 15th June, 1964. 23,000 j000 15 July, 1961 Option to repay £16,706,390 maturing 15th July, 1963. Option to repay £19,674,385 maturing 15th July, 1964. 0 0 15 15 Mar., July, 1962 1962 1 230,000 12,691,690 1 Sept., 1962 Option to repay £17,238,187 maturing 1st September, 1965. 0 0 15 April, 1963 3 380,751 Repayable at the option of the Government at par on or after 15th April, 1960, on three months' notice. 16,706,390 0 0 15 July, 1963 3 501,192 Repayable at the option of the Government at par on or after 15th July, 1961, on three months' notice. 15 July, 1963 Option to repay £23,619,860 maturing 15th July, 1965. 15 Dec., 1963 Option to repay £6,000,000 maturing 15th December, 1966. 7,339 656 0 0 1 Mar., 1964 3* 256,888 Repayable at the option of the Government at par on or 1st March, 1960, on three month's notice. after 8,318^665 15 May, 1964 Option to repay £11,792,970 maturing 15th May, 1966. 0 0 15 June, 1964 3~ • 249,560 Repayable at the option of the Government at par on or after 15th June, 1961, on three months' notice. 19,674,385 0 015 July, 1964 3 590,232 Repayable at the option of the Government at par on or after 15th July, 1962, on three months' notice. 23,619,860 0 0 15 July, 1965 3 708,596 Repayable at the option of the Government at par on or after 15th July, 1963, on three months' notice. 17,238 187 0 0 1 Sept., 1965 3i 560,241 Repayable at the option of the Government at par on or 1st September, 1962, on three months' notice. after 11,792,970 0 0 15 May, 1966 3 353,789 Repayable at the option of the Government at par on or after 15th May, 1964, on three months' notice. 1 Sept., 1966 Option to repay £16,000,000 maturing 1st September, 1968. 6,000 000 0 0 15 Dec., 1966 3i i.95,000 Repayable at the option of the Government at par on or 15th December, 1963, on three months' notice. after

£ s. d. Amount dbmiciled for repayment in New Zealand .. .. 565,112,485 0 0 Amount domiciled for repayment in Australia .. .. 628,226 0 0 (Australian currency £779,000) Amount domiciled for repayment in London .. .. 78,139,522 0 0 *lmperial Government advances .. .. .. .. 26,191,108 12 4 £670,071,341 12 4

B—l [Pt. I]

By the New Zealand Loans Amendment Act, 1947 (re-enacting the Repayment of the Public Debt Act, 1925), means are provided whereby the whole of the public debt other than that raised for State Advances purposes and other 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 or, for subsequent loans, sixty years from the date of issue. The repayment scheme comprises an annual contribution from the Consolidated Fund of J per cent, of the debt coming within its provisions, together with an additional 4 per cent, of the debt redeemed under the 1925 Act and under paragraph (b) of section 12 of the 1947 Act. The total of loans coming within the repayment scheme as at 31st March, 1950, was £567,995,359 14s. Bd.

70,000,000 0 0 16,000,000 0 0 5,000,000 0 0 7,000 j000 0 0 1 Sept., 1968 1 Nov., 1971 1 June, 1973 1 June, 1977 Various 3 5 3* 1 480,000 250,000 210,000 700,000 Repayable at the option of the Government at par on or'after 1st September, 1966, on three months' notice. Repayable at the option of the Government at par on or after 1st November, 1956, on three months' notice. Option to repay £7,000,000 maturing 1st June, 1977. Repayable at the option of the Government at par on or after 1st June, 1973, on three months' notice. Treasury bills. *Advances from Imperial Government funded in terms of section S of the Finance Act, 1922 (payments suspended by agreement with Imperial Government from 1931. No maturity date now attaches to loan). * Other debt (interest suspended by agreement with Imperial Government from 1931 ; loan matures 1st December, 1955). 565,740,711 0 0 *■ 78,139,522 0 0 1 Dec., 1955 16,819,239 £643,880,233 0 0 24,100,199 10 7 2,090,909 1 9 565,740,711 0 0 104,330,630 12 4 Total securities charged on the public revenues and outstanding at 3 1 st March, 1950: £670,071,341 12 4

B—l [PT. I]

ADVANCES BY THE RESERVE BANK TO THE GOVERNMENT BY WAY OF OVERDRAFT OUTSTANDING ON 31st MARCH, 1950

TRANSACTIONS IN CONNECTION WITH THE PUBLIC DEBT IN THE YEAR ENDED 31st MARCH, 1950

Details of Above External debt— London— Decreases— Repayments from— £ s. d. New issues in New Zealand .. .. .. .. .. 1,822,579 0 0 Internal debt— Increases— New issues for— £ s. d. National development purposes .. .. .. 34,399,460 0 0 Repayments in London .. .. .. 1,822,579 0 0 Repayments in New Zealand (Net new issues) .. 1,798,116 0 0 38,020,155 0 0 Decreases— Redemptions from Loans Redemption Account .. 7,302,974 16 3 Increase in internal debt .. .. 30,717,180 3 9 Net increase .. .. .. .. .. .. £28,894,601 3 9

Authority for Advances. Particulars of Advances. Account. Amount. Marketing Amendment Act, 1939, section 5 Advances for the purchase of foodstuffs and other commodities Marketing Account £ s. d. £1,752,838 12 11

— Outstanding 31st March, 1949. Outstanding 31st March, 1950. +Increase. —Decrease. External debt— London Australia Internal debt— Long-term debt Floating debt £ s. d. 106,153,209 12 4 628,226 0 0 479,395,304 16 3 55,000,000 0 0 £ s. d. 104,330,630 12 4 628,226 0 0 495,112,485 0 0 70,000,000 0 0 £ s. d. - 1,822,579 0 0 +15,717,180 3 9 +15,000,000 0 0 641,176,740 8 7* 670,071,341 12 4* +28,894,601 3 9 * Includes debt due to the Imperial Government as shown at end of Debt Table.

LOANS GUARANTEED BY THE GOVERNMENT Contingent Liability Outstanding on 31st March, 1950

B —l [PT. I]

* Repayable by half-yearly instalments. t The Audit Office does not audit the accounts of the State Advances Corporation. This amount has been accepted as correct on the certificate of the Corporation. Section 6 of the Hutt Road Act, 1939, provides that the Wellington City Council shall be kept indemnified out of the Consolidated Fund from all liability in respect of loans specified in the First Schedule of the Act totalling £276,020. At 31st March, 1950, £20,600 was outstanding, against which the Public Trustee held sinking funds totalling £14,101 lis. lOd. ™ T Section 4 (3) of the Finance Act (No. 2), 1946, provides that if any loss is suffered by the Li- urREENbMITH, Reserve Bank in respect of any moneys advanced to Governments of other countries to finance A p+.ino' Spprpf.arv t,n +,Tip TrAaonrv the purchase of New Zealand produce, the amount of the loss shall be paid to the Reserve Bank Auumg uu uuc xicctouij. out of the Consolidated Fund. As at 31st March, 1950, credits granted for the purpose of financing purchases of wool from New Zealand amounted to £4,938,411 12s. 6d. to the Government of the French Republic, and £264,255 7s. 4d. to the Government of the Czechoslovak Republic. Jj. Barker, Acting Accountant to the Treasury. The Treasury, Wellington, 2nd June, 1950,

B-l [Pt. I] examined and found correct— J. P. Rutherford, Controller and Auditor-General. Audit Office, Wellington, 3rd July, 1950.

By Authority: R. E. Owen, Government Printer, Wellington—l9so. Price Is. 6d.~\

Loans Guaranteed. Authority sor Government Guarantee. Amount Outstanding. Due Date. Rate of Interest. LOANS OF LOCAL AUTHORITIES Oamaru Harbour Board STATE ADVANCES CORPORATION Stock and Debentures — Special Series M •• •• •• •• 99 • • • • • • • • 99 • • • • • • • • 99 • • • • • * • * Series " A " „ "C" „ " C" „ "C" „ "C" Loans to industries Finance Act, 1937, sec. 42 State Advances Corporation Act, 1936, sec. 25 99 99 99 99 99 99 99 99 99 99 99 State Advances Corporation Act, 1936, sec. 29 Total, State Advances Corporation loans .. £ s. d. 23,474 0 0* 1 April, 1952 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 1 Aug., 1973 1 Aug., 1974 1 Aug., 1976 fVarious o/ /o 4 3f 3| 8* 3f 3f 3# 3| 3f 3 3 3 3 1 7,744,850 0 0 6,500,000 0 0 6,500,000 0 0 6,500,000 0 0 6,500,000 0 0 6,500,000 0 0 7,000,000 0 0 477,740 0 0 6,000,000 0 0 8,000,000 0 0 4,600,000 0 0 4,000,000 0 0 70,322,590 0 0 841,657 2 10 £71,164,247 2 10

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926, Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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Pages 1-20 of 70

Pages 1-20 of 70

Pages 1-20 of 70

Pages 1-20 of 70

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Bibliographic details

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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THE PUBLIC ACCOUNTS FOR THE Financial Year 1949-1950 Certified to by the Controller and Auditor-General under the Public Revenues Act, 1926 Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part01

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