8.—6.

Table No. 10. Statement showing how Accumulated Surpluses have been applied. To Accumulated surpluses £ By Transfers to — £ £ at 31st March, 1925 .. 28,047,479 Discharged Soldiers Settlement Surplus for financial year Account — 1925-26 .. .. 1,155,679 1920-21 .. .. 13,330,000 Net miscellaneous receipts 1921-22 .. .. 170,000 credited to Ordinary — 13,500,000 Revenue Account dur- Discharged Soldiers Settlement ing 1925-26 .. .. 1,541 Depreciation Fund AcReparation - moneys re- count — ceived from Germany 186,227 1920-21 .. .. 50,000 1921-22 .. .. 50,000 1922-23 .. .. 50,000 1923-24 .. .. 50,000 200,000 Public Works Fund — 1920-21 .. .. 500,000 1923-24 .. .. 1,000,000 1924r-25 .. .. 1,000,000 1925-26 .. .. 500,000 3,000,000 Reserve Fund Securities Account — For purchase of securities, 1920-21 .. .. 1,200,000 For redemption of loan, 1922-23 .. .. 800,000 — 2,000,000 Loans redemption — 1921-22 .. .. 560,011 1922-23 .. .. 2,337,360 1923-24 .. .. 1,367,341 1924-25 .. .. 1,052,130 1925-26 .. .. 566,161* — 5,883,003 Education Loans Account, 1923-24 .. 100,000 Ordinary revenue— To balance revenue and expenditure, 1921-22 .. .. .. 279,831 Investments at 31st March, 1926 — £ State Advances securities 445,000 Bank of New Zealand shares 750,000 Fixed deposit with Bank 200,000 Sundry Treasury securities 463,574 1,858,574 Balance (cash and imprests) at 31st March, 1926 .. .. ..2,569,518 £29,390,926 £29,390,926 * Includes £151,824 of reparation-moneys received from Germany.

VIII