8.—6

14

Table No. 12. Statement op Assets held, and Capital Expenditure, as against the Public Debt on the 31st March, 1921, together with Supporting Schedules. Liabilities. Public debt— £ £ Ordinary .. .. .. .. .. .. 106,256,496 State advances .. .. .. .. .. .. 12,619.950 118,876,446 War .. .. .. .. .. .. .. 81,538,569 Discharged-soldiers settlement .. .. .. .. 5.909,304 — 87,447,873 £206,324,319 Assets. £ Sinking funds accrued .. .. .. .. .. ~. .. 8,763,072 Investments of cash balances of the Public Account .. .. .. .. 10,320,705 Bank of New Zealand shares .. .. .. .. .. . . .. 875,000 Reserve Fund securities . . .. .. .. .. .. .. 2,000,000 New Zealand Consols investments .. .. .. .. .. .. 475.985 State Advances investments .. .. .. .. .. .. .. 14,478,068 Advances made by Treasury .. .. .. .. .. .. .. 433,438 Advances on account other Governments .. .. .. .. .. 125,490 Cash in Public Account .. .. .. .. '.. .. .. 8,450,372 Cash in New Zealand Consols Account . . .. .. .. .. . . 6 Cash in hands of officers of the Dominion .. .. .. .. .. 1,612,988 47,535,124 Total amount expended for railways, public buildings, telegraphs, Native lands, harbours, lighthouses, settlement lands, electric development, &c, to 31st March, 1921 .. *84,314,003 Crown lands —estimated value .. .. .. .. .. .. .. 25,000,000 Surplus of liabilities over assets .. .. .. .. .. .. 49,475,192 £206,324,319 Sinking Funds accrued : Schedule I. £ Public Debt Extinction Act, 1910 .. .. .. .. .. .. 1,871,205 War loans .. .. .. .- .. •• .. .. .. 2,507,164 Land for settlements . . .. .. .. .. .. .. .. 935,790 Government loans to local bodies .. .. . . .. .. .. 799,601 Naval Defence Act, 1909 .. .. .. .. .. .. .. 822,334 War and defence loans .. .. .. .. .. .. .• 192,691 Native-land settlement .. .. .. .. .. .. .. 11,977 Section 26 (5) (a), State Advances Act, 1913 .. .. .. .. .. 6,497 New Zealand Loans Act, 1863 .. .. .. .. .. .. 2,207 Guaranteed mining advances .. . . . . .. .. .. .. 751 State advances .. .. ■ • • ■ • • • ■ • • • • 1,592,827 State Coal-mines Act, 1908 .. .. .. .. .. .-. .. 20,028 £8,763,072 Investments of Cash Balances out of Public Account : Schedule 11. £ Ordinary Revenue Account .. .. .. .. .. .. .. 2,853, 490 State Coal-mines Account .. .. .. .. .. .. .. 30,000 Deposits Account .. .. .. . • .. .. .. .. 1,260, 975 Cheviot Estate Account .. .. .. .. .. .. .. 157,130 Workers' Dwellings Account .. .. .. .. .. .. .. 52,100 Waimarino Bush-fire Relief Account .. .. .. .. .. . . 39,700 War Expenses Account .. .. .. .. .. .. .. 1,655, 500 Nauru and Ocean Islands Account .. .. .. .. .. .. 10,000 Electric-supply Account .. .. .. .. .. .. .. 1,000,760 Land for Settlements Account .. .. . . .. .. . . 269,250 Land for Settlements Account (Discharged Soldiers Settlement Account) .. .. 135,000 National Endowment Account .. .. .. .. .. .. 67,800 Discharged Soldiers Settlement Account .. .. .. .. .. 2,719,000 Discharged Soldiers Settlement Loans Act, 1920, Depreciation Fund Account .. 50,000 Cold-storage Advances Account .. .. .. .. .. .. 20,000 £10,320,705

* This does not include £19,033,007 expended on directly and indirectly productive services, such as roads, immigration, State coal-mines, drainage-lands, &c, shown in table.