B.—l TPT. 11.

PUBLIC ACCOUNTS, 19 27 1 928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

23

SUPPLY ACCOUNT. 192 r 6 " 1 c f 7, I. EXPENDITURE. 19OT-1M8. Gross. Gross. £ s. d. Annual Appropriation,—■ £ s. d. £ s. d. 1,158,329 0 8 Vote—Development of Water-power .. .. .. .. .. .. 1,418,273 10 10 Unauthorized Expenditure,—45 11 10 Services not provided for.. 1,158,374 12 6 Public Revenues Act, 1926, Section 139, — 275,079 13 7 Interest recouped to the Consolidated Fund .. .. .. .. .. 330,774 16 10 New Zealand Loans Act, 1908, Section 26, — 397 7 11 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 2,316 18 9 Finance Act, 1926, Section 23 (4),- — Recoupment of Stamp Duty on Transfers of New Zealand Consolidated Stock, 1935/45— 128 2 7 Electric-power Works Loan Act, 1919 .. .. .. .. .. .. 171 16 9 Amortization of Debt, —• 'Transfer to Electric Supply Sinking Fund Account in terms of Section 12 of the State Supply of Electrical Energy Act, 1917, —- 11,342 0 0 Horahora Scheme .. .. .. .. .. .. .. 8,448 0 0 8,906 15 11 Lake Coleridge Scheme .. .. .. .. .. .. 26,250 5 3 — — 34,698 5 3 20,248 15 11 New Zealand Loans Act, 1908, Section 5 (1) (6),— Electric-power Works Loan Act, 1919 — 110,000 0 0 Temporary Advance from Bank of England on Memorandum of Security repaid ; ' ! Public Revenues Amendment Act, 1913, Section 34, — 50,000 0 0 \ Treasury Bills redeemed from Proceeds of Loan .. .. .. Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908— 42,307 8 10 Electric-power Works Loan Act, 1919 .. .. .. .. .. j 26,257 9 4 115 6 0 ; Finance Act, 1920, Section 15 (Electric-power Works) .. .. .. j — 1 26,257 9 4 42,422 14 10 Balance at end of Year, — 44,866 5 8 Cash in the Public Account .. .. .. .. .. .. 30,803 17 2 Imprests outstanding— 2 0 0 In the Dominion .. .. .. .. .. .. .. 185 0 11 79,322 4 9 In London .. .. .. .. .. .. .. .. 41,71113 10 150,000 0 0 Investment Account .. .. .. .. .. .. .. — , 72,700 11 11* 274,190 10 5 £1,930,841 17 9 Totals .. .. .. .. .. .. £1,885,193 9 8 — : * For explanatory statement see page 73. SINKING FUND ACCOUNT. £ s. d. Balance at end of Year, — £ s. d. £ s. d. 22 13 0 Cash in the Public Account .. .. .. .. .. .. 215 15 0 Investment Account— 38,640 0 0 Securities held .. .. .. .. .. .. .. 75,500 0 0 _ 75,715 15 0* 38,662 13 0 , . £38,662 13 0 Totals .. .. .. .. .. .. .. £75,715 15 0 * For explanatory statement see page 73. 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. Far the purposes of comparison a summary showing the net expenditure will be found on page 74.