B.—] TPT. I

PUBLIC ACCOUNTS, 1927-1928.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

26

BANK OF NEW ZEALAND 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. Investment Account .. .. .. .. .. .. .. _ _ 1 gg3 593 ig 0 Finance Act, 1926, Section 8 (2), — Transfer from Ordinary Revenue Account, representing Amount of Shares held 750,000 0 0 at 1st April, 1926 (at cost) Transfer from Bank of New Zealand Acts Account, representing Amount of Shares 875,000 0 0 held at 1st April, 1926 (at cost) 1,625,000 0 0 Finance Act, 1926, Section 8 (3), — 212,476 0 6 Dividends received in terms of Bank of New Zealand Act, 1920, Section 13 .. .. 234,765 12 4 [ Finance Act, 1926, Section 8 (1),— Appropriation Act, 1926, Section 17— Transfer from Consolidated Fund of Amount required to pay Instalments 58,593 15 0 \ of 5s. each per Share on 234,375 C Long-term Mortgage Shares .. .. .. 1X7 187 10 0 11,896,069 15 6 Totals .. .. .. .. .. .. .. £2,035,546 17 4 CHEVIOT ESTATE I " i " ~ j " I £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 73,686 13 9 j Cash in the Public Account .. .. .. .. .. .. 12,878 7 6 131,220 0 0 : Investment Account .. .. .. .. .. .. .. 159,780 0 0 — 172,658 7 6 204,906 13 9 Receipts under the Land Act, 1924, — 16,960 6 8 Rents from Lands .. .. .. .. .. .. .. 17,488 12 3 90 0 0 Sales of Land .. .. .. .. .. .. .. .. 120 0 0 — 17,608 12 3 17,050 6 8 8,059 3 11 Interest on Investments .. .. .. .. .. .. .. .. 7,677 12 4 ' '. , . I Public Revenues Act, 1926, Section 40, — Interest received on Temporary Transfers to other Accounts .. .. .. .. 53 9 8 Adjustment of amount wrongly debited in 1925-26 Accounts, — Amortization of Debt— Transfer to Loans Redemption Account for Redemption and Cancellation of Securities in terms of Section 24, Finance Act, 1921-22 — New Zealand Loans Act, 1908— 271 16 11 New Zealand Consolidated Stook, 1940 (nominal value, nil) — £230,288 1 3 1 ToiaU .. .. .. .. .. .. .. £197,998 1 9 =1 L ; 1—;— 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 bo found on page 74.