B.—l r? T . n.

PUBLIC ACCOUNTS, 1927 - 1 928.

LOANS REDEMPTION ACCOUNT —continued.

45

1926-1927. ♦ 1927-1928. Gross. EXPENDITURE. Gross> £ s. d. £ s. d. £ s. d. 427,710 0 0 Brought forward .. .. .. .. .. .. 711,750 0 0 Finance Act, 1921-22, Section 24, — 761,517 14 11 Securities redeemed and cancelled before Maturity .. .. .. .. i .. 3,943,290 0 0 New Zealand Loans Act, 1908, — 162,200 0 0 Debentures redeemed at Maturity .. .. .. .. .. .. j 848,870 0 0 « New Zealand Inscribed Stock Act, 1917, — Stock Certificates redeemed at Maturity .. .. .. .. .. .. 730 0 0 I | ?,351,427 14 11 Carried forward .. .. .. .. .. .. 5,504,640 0 0 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.