B.—l [PT. IJ

PUBLIC ACCOUNTS, 1927-1928

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

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PUBLIC DEBT 1926 1927. RECEIPTS. 1927-1928. £ s. d. | Balance at beginning of Year,— £ s. d. £ s. d. 2,096 2 6 1 Cash in the Public Account .. .. .. .. .. .. .. 4,394 12 10 i Repayment of the Public Debt Act, 1925, Section 11, — Transfers from the Consolidated Fund— Subsection {a), being one-half of 1 per cent, of the amount of the Public Debt 896,651 3 5 outstanding at 31st March, 1927 .. .. .. .. .. 919,727 4 10 Subsection (b), being 3* per cent, of the amount of the Public Debt redeemed 31,140 12 10 to 31st March, 1927 " .. .. .. .. .. .. 64,111 6 10 Subsection (b), being 3-i per cent, of the amount of the Public Debt cancelled j 13,737 8 1 during the year, computed from the dates of Redemption .. ..I 9,925 17 4 1 " I 993,764 9 0 941.529 4 4 Interest on Investments .. .. .. .. .. .. .. . 216 6 2 £943,625 6 10 Totals .. .. .. .. .. .. .. £998,375 8 0 RAILWAYS IMPROVEMENT £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 38,370 9 3 Cash in the Public Account .. .. .. .. .. .. 27,176 9 4 Imprests outstanding— 4,506 1 0 In the Dominion .. .. .. .. .. .. .. 228 1 5 885 1 4 In London .. .. .. .. .. 236,900 0 0 Investment Account .. .. .. .. .. .. .. 375,250 0 0 402,654 10 9 280,661 11 7 Credits in reduction of Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914, — 3,956 17 5 Duplications .. .. .. .. .. .. .. .. 3,452 14 3 44,418 3 10 New line : Auokland-Westfield .. .. .. .. .. .. 20,857 9 6 7,540 7 1 Signalling, interlocking and safety appliances 6,715 0 1 New stations, station-yards, and terminal facilities .. .. .. .. 775 3 6 18,587 2 4 Bridge-strengthening — — — 25,085 7 3 81,217 10 9 Credits in reduction of Expenditure under Section 7 of the Finance Act, 1924,— 22,523 6 0 Paeroa railway-station rearrangement .. .. .. .. .. 2,093 3 0 Tawa Flat deviation .. .. .. .. .. .. .. 304 17 0 236 15 4 Pelichet Bay railway deviation .. .. .. .. .. .. 0 15 0 13,568 7 3 Hutt Valley railway .. .. .. .. .. .. .. 34,078 13 6 67 3 4 Palmerston North railway deviation .. .. .. .. .. 153 11 7 1,231 8 0 Elimination of level crossings .. .. .. .. .. .. 5,419 14 2 42,050 14 3 37,626 19 11 399,506 2 3 Carried forward .. .. .. .. .. .. 469,790 12 3 Note. In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other oredits 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.