B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

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

s—B. 1 [Pt. I].

27

SHARES ACCOUNT. 1926-1927. pypFMnmipc 1927-1928. Gross. EXPENDITURE. Gross . £ s. d. Finance Act, 1926, Section 8 (3), — £ s. d. £ s. d. Transfer to Ordinary Revenue Account of Dividends received in terms of the 212,476 0 6 Bank of New Zealand Act, 1920, Section 13 .. .. .. .. .. 234,765 12 4 Balance at end of Year,— Investment Account— 1,683,593 15 0 Securities held .. .. .. .. .. .. ,, 1.800,781 5 0* m £1,896,069 15 6 Totals .. .. .. .. .. .. .. £2,035,546 17 4 * For explanatory statement see page 73. ACCOUNT. £ s. d. Expenditure under the Land Act, 1924, Section 21,- — £ s. d. £ s. d. I 847 19 10 Administration Expenses recouped to the Consolidated Fund .. .. .. .. 881 7 9 Public Revenues Act, 1926, Section 139, —- 6,344 7 8 Interest recouped to the Consolidated Fund .. .. .. .. .. j 5,632 2 6 New Zealand Loans Act, 1908, Section 26, — 37 6 3 Recoupment of Management Charges of Consolidated Stock .. .. .. ! .. 94 19 0 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 50,400 0 0 1925-26, now deemed to be Cheviot Estate Stock .. .. .. . Balance at end of Year, — 12,878 7 6 Cash in the Public Account .. .. .. .. .. .. 709 12 6 Investment Account — 159,780 0 0 Securities held .. .. .. .. .. .. .. 190,680 0 0 191,389 12 6* 172,658 7 6 £230,288 1 3 Totals .. .. .. .. .. .. .. £197,998 1 9 — _ ___ __ [ I • For explanatory statement see page 73. Note.—In these accounts the credits-in-aid (section 51, Public Revenue!, 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 74.