B.—l !PT. I].

PUBLIC ACCOUNTS, 1927-1928.

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

63

LOAN ACCOUNT—continued. . 1926-1927. 1927-1928. „ EXPENDITURE. _ Gross. Gross. £ 8. d. £ s. d. £ s. d. 4,692,082 12 3 Brought forward .. .. .. .. .. .. j 1,408,127 11 10 Balance at end of Year, — Cash in the Public Account— £ s. d. 2,241 5 0 Advances to Settlers Branch Advances to Workers Branch .. .. .. 128 16 6 Rural Advances Branch .. .. ., . . 283 10 0 Investment Account — 412 6 6 140 0 0 Advances to Settlers Branch .. .. ... — 412 6 6 2,381 5 0 £4,694,463 17 3 Totals .. .. .. .. .. .. .. £1,408,539 18 4 MINES ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 274,529 11 0 Vote—State Coal-mines .. .. .. .. .. .. .. 304,131 11 5 Unauthorized Expenditure,— 110 0 0 Services not provided for.. I— 304,131 11 5 274,639 11 0 Public Revenues Act, 1026, Section 139, — 9,176 19 2 Interest recouped to the Consolidated Fund .. .. .. .. . ■ 9,101 19 2 N.Z. Loans Act, 1908, Section 26, — 7 17 6 Recoupment of Management Charges of Consolidated Stock .. .. .. .. 31 4 11 Amortization of Debt, — Coal-mines Act, 1925, Section 185 — 4,552 0 5 Transfer to State Coal-mines Sinking Fund Account .. .. .. .. 4,552 0 5 Balance at end of Year, — 9,404 4 4 Cash in the Public Account .. .. .. .. .. 22,097 16 8 Investment Account— 24,300 0 0 Securities held .. .. .. .. . ■ . • ■ • 14,300 0 0 36,397 16 8* 33,704 4 4 £322,080 12 5 Totals .. .. .. .. .. .. .. £354,214 12 7 * For explanatory statement see page 73. SINKING FUND ACCOUNT. £ s. d. Balance at end of Year, — £ s. d. £ s. d. 4,565 6 10 Cash in the Public Account .. .. .. .. .. .. 5,313 7 4 Investment Account — 50,540 0 0 Securities held .. .. .. .. .. .. .. 57,025 0 0 62,338 7 4* 55,105 6 10 — £55,105 6 10 Totals .. .. .. .. .. •• •• £62,338 7 4 * For explanatory statement see page 73. 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.