B.—l TPT. 11.
PUBLIC ACCOUNTS, 1927-1 92 8.
STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the
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RAILWAYS IMPROVEMENT , - - 1926-1927. RECEIPTS. 1927-1928. £ s. d. £ s. d. £ s. d. 399,506 2 3 j Brought forward .. .. .. .. .. .. 469,790 12 3 Credits in reduction of Expenditure under Section 10 of the Finance Act, 1925, — I Electric lighting of stations .. .. .. . . .. .. 360 0 0 604 5 1 j Rearrangement of or alterations and additions to stations .. .. .. 3,695 17 8 0 3 10 Workshops and equipment of locomotive branch .. .. .. 5 7 0 \ Telephones, telegraphs, and signalling, interlocking and safety appliances .. j 4,050 111 2,533 16 3 | New Workshops at Otahuhu and Petone, &c. .. .. .. .. 14,212 0 1 Marshalling-yards for Christchurch at Middleton .. .. .. .. 4,655 12 0 75,178 17 9 I Miscellaneous works—Permanent-way materials 26,973 11 8 78,322 9 11 | New Zealand Loans Act, 1908, Section 5 (1) (b), — Railways Improvement Authorization Act, 1914— 90,000 0 0 Temporary advances received from Bank of England on Memorandum of Security New Zealand Consolidated Stock issued, — New Zealand Loans Act, 1908— New Zealand Consolidated Stock, 1946— Railways Improvement Authorization Act, 1914 — Stock issued in respect of £900,000 authorized (Part of £6,000,000 5-per-900,000 0 0 j cent. Stock Loan, 1926) .. Stock issued to cover charges and expenses of raising £900,000 authorized 34,076 7 4 (Part of £6,000,000 5-per-cent. Stock Loan, 1926) 5 15 1 Interest on Overdue Instalments 340 15 3 Premium.. Railways Improvement Authorization Act, 1914, and Finance Act, 1926, Section 3 — Stock issued in respect of £1,600,000 authorized (Part of 5-per-cent. Stock Loan, 1927) .. .. .. .. .. .. .. 1,600,000 0 0 Interest on overdue Instalments .. .. .. .. .. 12196' Stock issued to cover Charges and Expenses of raising £1,600,000 authorized (Part of £6,000,000 5-per-cent. Stock Loan, 1927) .. .. 44,466 10 3 Premium.. .. .. .. .. .. .. .. 778 3 3 New Zealand Inscribed Stock Act, 1917— Railways Improvement Authorization Act, 1914, and Finance Act, 1926, Section 3 — 51,310 0 0 Inscribed Stock issued .. .. .. .. .. .. 50,000 0 0 7,000 0 0 Inscribed Stock issued (Death Duties) .. .. .. .. 1,695,257 13 0 992,732 17 8 j If1,560,561 9 10 Totals .. .. .. .. .. .. .. j£2,192,021 16 11 RANGITAIKI LAND £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 4,183 13 0 Cash in the Public Account .. .. .. .. .. .. 4,839 4 4 20,000 0 0 Investment Account .. .. .. .. .. .. .. 10,000 0 0 — 14,839 4 4 24,183 13 0 Credits in reduction of Expenditure under Section 7 of the Rangitaiki Land Drainage Act, 1910,— 3,351 8 2 Administration Expenses and Construction of Works .. .. .. .. 1,343 17 4 Receipts under the Rangitaiki Land Drainage Act, 1910, — 640 13 7 Sections 6 and 7, Rate Account .. .. .. .. .. .. 9,875 8 10 9 8 4 Section 9, " Thirds " .. .. .. .. .. .. . . 10 4 8 236 17 8 Miscellaneous Receipts .. .. .. .. .. .. .. 115 14 10 ! • 10,001 8 4 886 19 7 591 16 0 Interest on Investments .. .. .. .. .. .. .. .. 574 2 8 . £29,013 16 9 Totals .. .. .. .. .. .. .. £26,758 12 8 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.