B.—l | PT. I].

PUBLIC ACCOUNTS, 192 7-1 928.

Year ended 31st March, 1928, compared with the year ended 31st March, 1927—continued.

57

REPAYMENT ACCOUNT. 1926-1927. 1927-1928. I r „„„ EXPENDITURE. ' Gross. Gross. £ s. d. Securities redeemed and cancelled in terms of Section 13 of the Repayment of the £ s. d. £ s. d. 939,230 14 0 Public Debt Act, 1925,— New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917— Nominal value. Stock Certificates under— £ s. d. War Purposes Loan Act, 1917 .. .. .. 170 0 0 .. 170 0 0 Inscribed Stock under — Finance Act, 1916, Section 35 (War Expenses) .. 200 0 0 192 0 0 Finance Act, 1918, Section 10 (War Expenses) .. 286,400 0 0 286,395 10 0 War Purposes Loan Act, 1917 .. .. .. 21,030 0 0 20,993 15 0 1 307,581 5 0 New Zealand 4-per-cent. Consolidated Stock, 1929 .. 100,211 0 1 .. 98,642 11 2 Finance Act, 1916, Section 35 (War Expenses) .. .. 200 0 0 194 0 0 War Purposes Loan Act, 1917 .. .. .. .. 140,000 0 0 140,000 0 0 War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68 .. .. .. .. .. .. 451,600 0 0 451,600 0 0 591.794 0 0 £999,811 0 1 l Balance at end of Year,— 4,394 12 10 Cash in the Public Account .. .. .. .. .. .. .. 187 j] jq £943,625 6 10 Totals .. .. .. .. .. .. .. £998,375 8 0 AUTHORIZATION ACT 1914 ACCOUNT. £ s. d. Expenditure under Section 5 of the Railways Improvement Authorization Act, 1914, — | £ s. d. £ s. d. 155,314 9 7 New stations, station-yards, and terminal facilities .. .. .. .. | 167,277 16 11 j 61,356 13 6 Duplications .. .. .. .. .. .. .. .. 8,634 4 8 | • 143 7 6 Grade easements .. .. .. .. .. .. .. 1,217 9 3 538 16 9 New engine-depot and approach-lines at Auckland .. .. .. .. 5,628 3 1 172,965 9 2 New line, Auckland to Westfield .. .. .. .. .. .. 185,100 2 4 j 14,554 4 11 Signalling, interlocking, and safety appliances 8,784 14 1 Bridge-strengthening .. .. .. .. .. .. .. 7,930 1 5 — — 375,787 17 8 413,657 15 6 Expenditure under Section 7 of the Finance Act, 1924, — 10,325 10 0 i Paeroa railway-station rearrangement .. .. .. ... .. j 963 10 9 14,059 19 6 \ Palmerston North railway deviation .. .. .. .. .. 54,411 0 2 984 13 1 ! Tawa Flat railway deviation .. .. .. .. .. .. j 54,527 10 3 1,191 12 9 ! Pelichet Bay railway deviation .. .. .. .. .. .. 11,999 10 7 3,159 19 9 Railway electric lighting .. .. .. .. .. .. .. 156,454 16 4 Hutt Valley railway .. .. .. .. .. .. .. 53,137 3 8 24,514 18 2 Elimination of level-crossings .. .. .. .. .. .. 9,810 12 3 184,849 7 8 210,691 9 7 624,349 5 1 Carried forward .. .. .. .. .. .. 560,637 5 4 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.