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ACCOUNT for the Year ended 31st March, 1910, compared with the Financial Year ended 31st March, 1909.

19O8-19O9. EXPENDITURE. 19O9-191O. £ s. d. Debentures redeemed— Aid to Public Works and Land Settlement Act, 1908 .. Wellington and Manawatu Railway Purchase Act, 1908 £ a. A. £ s. d. 520,000 0 0 230,000 0 0 750,000 0 0 428,400 0 0 255,000 0 0 Amount Debentures converted into 3^-per-cent. In- converted. scribed Stock, — f Aid to Public Works and Land Settlement Act, 1908 .. .. .. .. .. 60,000 Land (or Settlements Act, 1908 .. .. 2,000 Wellington-Manawatu Railway Purchase Act, 1908 .. .. .. .. .. 65,000 Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1901 Aid to Public Works and Land Settlement Aot, 1904 .. Bate. Premium. £ £ 102 1,200 103 60 102 1,300 209,100 0 0 306,000 0 0 25,500 0 0 2,828 0 0 1,226,828 0 0 129,560 0 0 127,000 I 2,560 ; 2,560 129,560 0 0 12,500 0 0 70 15 0 8,454 15 0 394 14 10 1,206 5 11 Expenses Account, — Brokerage and Commission Discount Stamp Duty Rent and Office Expenses Interest 12,348 5 0 22,725 1 0 7,569 2 6 404 14 11 22,626 10 9 43,047 3 5 9,948 12 11 Balance at end of Year, — Cash in the Public Account .. Advances in the hands of Stock AgentsCash .. L Dr. 859 18 1 444 1 7 700 i 2 Dr. 159 8 11 10,387 14 6 Totals l< .. §4 1,259,842 5 3 £922,447 14 6