17

8.—5

ACCOUNT for the Year ended 31st March, 1904, compared with the Financial Year ended 31st March, 1903.

ACCOUNT for the Year ended 31st March, 1904, compared with the Financial Year ended 31st March, 1903.

3—B. 5.

1902-1903. EXPENDITURE. 1903-1904. £ s. d. £ s. d. £ s. d. 52,000 0 0 165,000 0 0 Debentures redeemed, — Consolidated Loan Act, 1867, 5 per cent. The Aid to Publio Works and Land Settlement Act, 1899— Amount transferred to Public Works Fund for repayment of advances on security of short-dated Debentures 55,900 0 0 55,900 0 0 217,000 0 0 Debentures oonverted, — Aid to Public Works and Land Settlement Acts, 1896-99 165,000 0 0 800 0 0 240 0 0 Debentures converted into 3-per-cent. Inscribed Stock, — Canterbury Loan Ordinance, 1862, 6 per cent., due 1915-16 Premium paid in respeot of conversions 1,040 0 0 574 10 0 11,104 7 6 3,032 0 0 140 11 1 90 0 0 100 0 0 Expenses Account, — Brokerage and Commission Discount Stamp Duty Office Expenses Rents Honorarium to officers 375 4 2 258 0 4 90 0 0 723 4 6 15,041 8 7 1,216 2 2 Balance at end of Year, — Cash in the Publio Aooount In the hands of Stock Agents— Cash .. 4,816 2 2 446 2 0 222 17 6 1,662 4 2 5,038 19 8 Totals £226,662 4 2 £234,743 12 9

£ s. d. £ s. d. £ s. d. 56 1 1 472,500 0 0 Balance at end of Year, — Cash in Deposit Account .. Investment Account 76 1 1 474,200 0 0 474 276 1 1 472,556 1 1 Totals £472,556 1 1 £474,276 1 1