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Statement in explanation of the Sums Payable and Paid to the Pbovinces, on Account of the Consolidated Revenues, during the Financial Tears 1867-8 and 1868-9.— \JPage 87 of printed Accounts .] It will be found, on comparing the Statement of last year with that of the present year, that the transactions of the month of June, 18C8, have been omitted. The following complete Statement brings out the same result as that shown in the Treasury Statement, and shows an over-payment to the Provinces of £199 6s. sd. It has, nevertheless, been thought best to show the omitted revenues in an amended Statement, to guard against a doubt which might arise whether the Provinces had not been overpaid.

STATEMENT in Explanation of SUMS PAYABLE and PAID to the PROVINCES, on Account of CONSOLIDATED REVENUE, during the Years 1867-8 and 1868-9.

£ b. d. Paid to Provinces 413,147 18 11 Payable to Provinces for appropriation ... ... ... ... ... ... 412,948 12 6 Paid to Provinces in excess of the amount to which they were entitled ... £199 6 5 The Auditor supplies, in continuation of his Eeport on the Accounts for the Einancial Tear 1867-8, an Abstract of the Consolidated Eevenue Account, showing the sum of £11,168 19s. 3d. deducted from the Disbursements of the year 1868-9. This sum, together with £77,291 4s. lOd. deducted in tho Auditor's Abstract of the previous year, makes a sum of £88,460 4s. 1d.,, which had been improperly introduced in the Treasury Accounts for the year 1867-8, and thus clears up and completely adjusts the Accounts. The Auditor also furnishes a continuation of the Three Million Loan Account. It will be observed that the value of the Debentures in circulation on the 30th June, 1869, was £3,000,325, being £325 in excess of the sum authorized to be raised under the " Now Zealand Loan Act, 1863." This excess forms part of the Debentures issued under the authority of Debenture Act, 1864-5. A transfer of £20,000 to the Consolidated Eevenues should have been made from the " Consolidated Loan, 1867," Account, according to the terms of "The Appropriation Act, 1868," instead of from the Three Million Loan. Consolidated Eevenue Account, 1868-9. £ s. d. £ a. d. Cash in Public Account") on 30th June, f 46,979 15 11 Disbursements on General Services ... 1,065,554 16 6 Advances outstanding j 1868 { 83,619 18 4 Ditto on Provincial Services 356,120 8 4 £1,421,675 4 10 Receipts of Eevenue ... ... ... 1,030,775 13 4 Deduct Interest charged in Accounts of former years 11,168 19 3 Sinking Fund Release 9,991 6 2 £1,410,506 5 7 Transfers from Special Funds 139,474 0 7 Treasury Bills redeemed 150,000 0 O Overdraft 60,000 0 0 Treasury Bills 188,650 0 0 Balance on 30th June, 1869 1,015 11 3 £1,560,506 5 7 £1,560,506 5 7

AUDITOR'S REPORT ON THE ACCOUNT OF THE COLONIAL TREASURER EOR THE FINANCIAL YEAR 1868-9.

1. 2. 3. 4. Interest and Sinking Fund on portions of Loans chargeable to Provinces. 5. 6. Moiety of Transfers from other Funds to Payments on Account of Services Provincially charged. Payable to Provinces for Paid to Eeceipts. mate up Appropriation. Provinces. Expenditure. 'ear 1867-8, printed Account, p. 98. [onth of June, 1868, omitted. "ear 1868-9, printed Account, p. 87. £ s. d. 450,503 10 8 £ s. d. 1,874 12 7 £ s. d. 161,268 17 3 £ s. d. 47,553 14 4 £ s. d. 243,555 11 8 £ s. d. 260,683 12 5 39,022 17 5 21,907 4 3 5,586 5 8 11,529 7 6 452,920 19 5 14,283 11 8 182,560 2 4 126,780 15 5 157,863 13 4 152,464 6 6 942,447 7 6 16,158 4 3 365,736 3 10 179,920 15 5 412,948 12 6 413,147 18 11