B. —1 [PT. I].

PUBLIC ACCOUNTS, 1926-1927.

for the Year ended 31st March, 1927, compared with the Year ended 31st March, 1926.

s—B. 1 [PT. I].

27

SHARES ACCOUNT. 1925-1926. 1926-1927. Gross. | EXPENDITURE. Gross . £ a. d. £ s. d. £ s. d. Finance Act, 1926, Section 8 (3),— Transfer to Ordinary Revenue Account of dividends received in terms of the * Bank of New Zealand Act, 1920, Section 13 .. .. .. .. .. 212,476 0 6 Balance at end of Year, — Investment Account .. .. .. .. .. .. •• •• 1,683,593 15 0 _ I £1,896,069 15 6 ACCOUNT. £ s. d. Expenditure under the Land Aot, 1924, Section 21, — £ s. d. £ s. d. 858 17 3 Administration Expenses reoouped to the Consolidated Fund.. .. .. .. j 847 19 10 ■ Finance Act, 1919, Section 4,— Public Revenues Act, 1926, Section 139, — 8,866 2 6 Interest recouped to the Consolidated Fund .. .. .. .. .. 6,344 7 8 j 37 6 8 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 37 6 3 Finance Act, 1926, Section 25, — Payment to Ordinary Revenue Account in respect of £50,400 3J New Zealand Consolidated Stock, 1940, redeemed and cancelled during the financial year 1925-26, now deemed to be Cheviot Estate Stock .. .. .. .. •• 50,400 0 0 Amortization of Debt,— Transfer to Loans Redemption Account for Redemption and Cancellation in terms of Section 24 of the Finance Act, 1921-22, of Securities as under— New Zealand Loans Act, 1908 — 35,613 9 0 New Zealand Consolidated Stook, 1940 (nominal value, £42,000) Balance at end of Year, — 73,686 13 9 Cash in the Publio Acoount .. .. .. .. .. .. 12,878 7 6 131,220 0 0 Investment Account .. .. .. .. .. .. .. I 159,780 0 0 204,906 13 9 172,658 7 6 £250,282 9 2 Totals .. .. .. .. .. .. .. £230,288 1 3 — | — Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 81.