8.—5.

STATEMENT of the RECEIPTS and EXPENDITURE of the MAORI LAND SETTLEMENT

STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION

16

1906-1907. RECEIPTS. 1907-1908. £ s. d. 135,988 7 4 Balance at beginning of Year, — Cash in the Public Aocount Advances in the hands of Officers of the Government— In the Dominion £ s. d, 95,687 7 0 £ s. d. 886 17 7 96,574 4 7 135,988 7 4 " The Maori Land Settlement Aot Amendment Act, 1907 " — Proceeds of Debentures issued 50,000 0 0 65,975 0 0 1,000 0 0 "The Maori Land Settlement Act, 1905"— Proceeds of Debentures and Scrip issued Premium received 66,975 0 0 i £202,963 7 4 Totals £146,574 4 7

£ s. d. 8,377 14 5 485 4 6 Balance at beginning of Year, — Cash in the Public Account .. In the hands of Stock Agents — Cash In the hands of the High Commissioner — 3J-per cent. Stock for sale 266 8 8 102,000 0 0 £ s. d. £ s. d. 102,266 8 8 97,179 13 7 5,086 15 1 Less cash overdrawn 8,862 18 11 241,700 0 0 600,266 0 0 3J-per-cent. Inscribed Stock, — Issued for redemption of Debentures Issued for conversion of Debentures.. Issued for expenses of ooaversion .. .. 288,000 0 0 340,676 10 0 5,000 0 0 633,676 10 0 841,966 0 0 75,555 11 1 10,580 0 0 3-per-oent. Inscribed Stock, — Issued for redemption of Debentures Issued for expenses of conversion 86,135 11 1 Premium received on sale of 3J-per-cent. Stock 106 5 0 50 0 0 • £937,014 10 0 \ Totals £638,869 10 1