8.—6.

Table No. 10. Statement showing how Accumulated Surpluses have been applied. To Accumulated surpluses £ By Transfers to — £ at 31st March, 1926 .. 29,390,926 Discharged Soldiers Settlement Surplus for financial year Account— 1926-27 .. .. 587.142 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 1926-27 .. .. 50,387 Depreciation Fund AcReparation - moneys re count — ceived from Germany 39,307 | 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 1924-25 .. .. 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* 1926-27 .. .. 588,868"f 6,471,871 Bank of New Zealand Shares Account, 1926-27 .. .. .. 808,594 Education Loans Account, 1923-24 .. 100,000 Ordinary revenue— To balance revenue and expenditure, 1921-22 .. .. .. 279,831 Investments at 31st March, 1927 .. 1,693,590 Temporary transfers to other accounts .. 26,000 Balance (cash and imprests) at 31st March, 1927 .. .. ..1,987,876 £30,067,762 j £30,067,762 I ; ====== * Includes £151,824 of reparation-moneys received from Germany. f Includes £73,710 of reparationmoneys received from Germany.

VIII