B.—l [PT. I].

PUBLIC ACCOUNTS, 19 2 7-1928.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued.

31

1926-1927. 1927-1928. - EXPENDITURE. Gross. Gross. £ s. d. £ s. d. £ s. d. 1,032,210 3 11 Broughtjforward gp .. .. .. .. .. .. 1,350,005 5 2 fe SL fee Amortization of Debt, — || tfa 36,000 0 0 Securities redeemed at Maturity— New Zealand Loans Act, 1908 — Finance Act, 1927, Section 6— Discharged Soldiers Settlement Loans Act, 1920— Due 14th September, 1927 .. .. .. .. .. 3,400 0 0 Due 26th October, 1927 .. .. .. .. .. .. 6,500 0 0 Due 14th November, 1927 .. .. .. .. .. 3,300 0 0 Due 15th January, 1928 .. .. .. .. .. .. 6,350 0 0 19,550 0 0 200 0 0 Securities redeemed and cancelled before maturity in terms of Section 24 of the Finance Act, 1921-22 — Finance Act, 1926, Section 6— Discharged Soldiers Settlement Loans Act, 1920 (due 1st March, 1930) .. 200,000 0 0 Finance Act, 1918 (No. 2), Section 31 (Discharged Soldiers Settlement), (due 1st March, 1930) .. .. .. .. .. .. 300,000 0 0 New Zealand Inscribed Stock Act, 1917 — Discharged Soldiers Settlement Loans Act, 1920 — 5J per cent. Inscribed Stock, 1930 .. .. •• .. 6,000 0 0 5J per cent. Inscribed Stock, 1933 .. .. .. 70 0 0 506,070 0 0 14,300 0 0 Death-duty Stock redeemed — Discharged Soldiers Settlement Loans Act, 1920, Section 5 (3), and Finance Act, 1927, Section 6— New Zealand Loans Act, 1908— New Zealand Inscribed Stock Act, 1917 —• Discharged Soldiers Settlement Loans Act, 1920 — Matured 18th August, 1927 .. .. .. .. .. 1,000 0 0 Matured 22nd October, 1927 .. .. .. .. .. 6,500 0 0 Matured 8th December, 1927 .. .. .. .. .. 500 0 0 8,000 0 0 50,500 0 0 Charges and Expenses of raising Loans, — New Zealand Loans Act, 1908 — 6 5 0 Discharged Soldiers Settlement Loans Act, 1920 (redemptions) Finance Act, 1918, No. 2, Section 31 (Discharged Soldiers Settlement) 1,000 0 0 (redemptions) 1,006 5 0 Balance at end of Year, — 224,482 2 10 Cash in Public Account .. .. .. .. .. . . .. 284,139 10 2 Imprests outstanding— 7,404 4 8 In the Dominion .. .. .. .. .. .. .. 4,993 2 11 Investment Account — 467,383 13 3 Securities held .. .. .. .. .. .. .. 346,244 8 3 635,377 1 4* 699,270 0 9 £1,782,986 9 8 Totals .. .. .. .. .. .. .. £2,519,002 6 6 ♦ 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. For the purposes of comparison a summary showing the net expenditure will be fcund on page 74.