B.—l [PT. I].

PUBLIC ACCOUNTS, 1927-1928.

LOANS REDEMPTION ACCOUNT —continued.

47

1926-27. 1927-28 Gross. EXPENDITURE GrQss _ £ 8. d. £ s. d. £ s. d. 1,351,427 14 11 Brought forward .. .. .. .. .. .. 5,504,640 0 U New Zealand Loans Act, 1908, — 465,460 0 0 Inscribed Stock redeemed at Maturity .. .. .. .. .. .. 568,830 0 0 3,700,000 0 0 Treasury Bills redeemed at Maturity .. .. .. .. .. .. 1,050,000 0 0 War Credits applied in redemption of Loans in terms of Section 13 (1) of the Finance 143,027 8 4 Act, 1925,— Securities redeemed at Maturity— J— Debentures .. .. .. .. .. .. .. .. 22,400 0 0 Inscribed Stock .. .. .. .. .. .. .. 3,000 0 0 25,400 0 0 Reparation Moneys applied in redemption of Loans in terms of the Public Revenues 519,022 19 11 Act, 1926, Section 135 (3),— Securities redeemed at Maturity,— Debentures .. .. .. .. .. .. .. .. j 105,380 0 0 Inscribed Stock .. .. .. .. .. .. .. 57,890 0 0 Death Duty Stock .. .. .. .. .. .. .. 19,350 0 0 182,620 0 0 Securities redeemed and cancelled before Maturity in terms of Section 24, Finance j Act, 1921-22,— Debentures .. .. .. .. .. .. .. .. 72,073 8 9 Inscribed Stock .. .. .. .. .. .. .. | 81,963 16 0 j 154,037 4 9 New Zealand Loans Act, 1908,— 900,950 0 0 Debentures redeemed by Renewal .. .. .. .. .. .. 4,899,466 0 0 - . I ] Inscribed Stock redeemed by Renewal .. .. .. .. .. .. 905,270 0 0 New Zealand Loans Act, 1908, — Charges and Expenses of raising Loans— Finance Act, 1920, Section 15 (Public Works), (redemptions) .. .. 2,500 0 0 Stamp Duty on transfers of Now Zealand Consolidated Stock, 1935-45 — 7 10 8 Aid to Public Works and Land Settlement Act, 1902 (redemptions) .. .. 10 2 5 2,510 2 5 Adjustment of Amount wrongly credited during Financial Year 1925-26, — Transfer from other Accounts for redemption and cancellation of Securities in terms of Section 24 of the Finance Act, 1921-22-— New Zealand Loans Act, 1908— 271 16 11 New Zealand Consolidated Stock, 1940 (Nominal Amount—Nil) .. Adjustment of Amount wrongly credited during Financial Year 1925-26, — Transfer from other Accounts for redemption and cancellation of Securities in terms of Section 24 of the Finance Act, 1921-22— New Zealand Loans Act, 1908 — 31 5 2 New Zealand Consolidated Stock, 1929.. .. .. .. .. .. ' ■ 1 Balance at end of Year, — 239 3 2 Cash in the Public Account .. .. .. .. .. .. .. i 32,012 18 3 —— — I— £7,080,437 19 1 Totals .. .. .. .. .. .. .. £13,324,786 5 5 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.