B.—l |PT. IY, SUP.] •

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1925. Expenditure. £ s. d. Income. £ s. d. To Interest on consolidated stock .. 32,500 0 0 By Dividends received and declared for Management charges on consolidated year .. .. .. .. 162 ,500 0 0 stock .. .. .. 262 10 0 Balance carried down .. .. 129,737 10 0 £162,500 0 0 £162,500 0 0 £ s. d. £ s. d. To Balance .. .. .. 156,543 10 6 By Balance brought down .. .. 129,737 10 0 Adjustments of amounts charged against revenue in previous years.. 26,806 0 6 £156,543 10 6 j £156,543 10 6 Balance-sheet as at 31st March, 1925. Liabilities. Assets. Capital Account — £ s. d. Bank of New Zealand shares— £ s. d. New Zealand consolidated 500,000 preference A shares stock— £ (nominal value) .. .. 500,000 0 0 3J per cent., 1940 .. 500,000 1,000,000 preference B shares 4 per cent., 1943-63 .. 375,000 (nominal value) .. .. 1,000,000 0 0 Dividends declared but not paid .. 79,166 13 4 875,000 Treasury Adjustment Account .. 84,027 10 11 Ordinary Revenue Account— Investment Account .. 375,000 1,250,000 0 0 Capital Reserve Account .. .. 250,000 0 0 Accrued interest on consolidated stock 6,650 13 9 Balance of Income and Expenditure Account .. .. .. 156,543 10 6 £1,663,194 4 3 £1,663,194 4 3 Accumulated profits to 31st March, 1925, £1,023,175 Is. 7d., credited to Consolidated Fund. A. D. Park, The Treasury, Wellington, Ist June, 1925. Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —J. H. Fowler, Deputy Controller and Auditor-General.

2—B. 1 [Pt.IV, Sur.

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