B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927- 1 928.

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the

42

LAND FOR SETTLEMENTS ACCOUNT 1926-1927. RECEIPTS. 1927-1928. £ 8. d. Balance at beginning of Year, — £ s. d. £ s. d. 6,602 11 0 Cash in the Public Account .. .. .. .. .. .. .. 9,060 3 11 Credits-in-aid, — 1,254 15 7 Vote —Opening up Land for Settlements .. .. .. .. .. .. 238 2 2 3 5 4 Recoveries on Account of Expenditure of previous Years Land for Settlements Act, 1925, — 15,168 11 7 Receipts under Section 47 .. .. .. .. .. .. .. 13,707 17 2 Interest on Investments .. .. .. .. .. .. .. .. 344 18 9 £23,029 3 6 Totals .. .. .. .. .. .. .. £23,351 2 0 LOANS REDEMPTION £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 18,508 15 5 Cash in the Public Account .. .. .. .. .. .. .. 239 3 2 New Zealand Inscribed Stock Act, 1917, Section 3, — 169,580 0 0 Inscribed Stock issued in conversion of Bonds, as per contra .. .. .. .. 307,450 0 0 118,900 0 0 Debentures issued in conversion of Inscribed Stock .. .. .. .. .. 357,000 0 0 Inscribed Stock, 1930, free of Income-tax, issued in conversion of 55,940 0 0 Securities free of Income-tax 5-per-cent. Inscribed Stock, 1941, not free of Income-tax, issued in conversion of 27,620 0 0 Securities free of Income-tax 5,150 0 0 Inscribed Stock issued in conversion of Death-duty Stock, as per contra .. .. 14,150 0 0 Finance Act, 1922, Section 3 (5), — Inscribed Stock issued in replacement of Stock Certificates .. .. .. .. 1,300 0 0 f~~ 1,020 0 0 Inscribed Stock issued in replacement of Death-duty Stock, as per contra,— Discharged Soldiers Settlement Loans Act, 1920, Section 5 (6) .. . . 2,600 0 0 Finance Act, 1917, Section 76 (4) . . .. .. .. . . .. 1,700 0 0 j Finance Act, 1918, Section 15 (6) .. .. .. .. .. 500 0 0 Finance Act, 1925, Section 3 .. .. .. .. .. .. 4,800 0 0 9,600 0 0 1,900 0 0 Public Revenues Act, 1926, Section 143, — Inscribed Stock issued in replacement of Lost Bonds.. . . . . .. . . 250 0 0 New Zealand Loans Act, 1908, — 47,600 0 0 Inscribed Stock issued for redemption of Death-duty Stock, as per contra .. .. 22,000 0 0 446,218 15 5 Carried forward .. .. .. .. .. .. 711,989 3 2 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 74.