B.— 6.

Table No. 18. PUBLIC DEBT. Statement of Half-yearly Instalments of Principal and Interest for Repayment of £27,532,164 advanced by the Imperial Government and funded in Terms of the Agreement dated 6th September, 1922.

Table No. 19. EDUCATION EXPENDITURE. Total Expenditure on Education out of Public Funds, including University, Primary, Secondary, and Higher Education, Technical and Special Schools, and Child Welfare, 1913-14 to 1932-33.

In addition, post-primary schools and University colleges derive direct income (amounting for 1932-33 to £48,274) from reserves vested in them. iii—B. 6.

XVII

Date Instalments paid. Interest. Principal. ! £ £ j £ 1st December, 1922 .. .. .. 684,794 141,171 27,390,993 1st June, 1923 .. .. .. 681,282 144,683 27,246,310 1st December, 1923 .. .. .. 677,684 148,281 27,098,029 1st June, 1924 .. .. . 673,996 151,969 26,946,060 1st December, 1924 .. .. .. 670,216 355,749* 26,590,311 1st June, 1925 .. .. .. .. 661,367 164,598 26,425,713 1st December, 1925 .. .. .. 657,274 168,691 26,257,022 1st June, 1926 .. .. .. .. 653,078 172,887 26,084,135 1st December, 1926 .. .. .. 648,778 177,187 ; 25,906,948 1st June, 1927 .. .. .. 644,370 181,595 ! 25,725,353 1st December, 1927 .. .. .. 639,854 186,111 25,539,242 1st June, 1928 .. .. .. .. 635,225 190,740 25,348,502 1st December, 1928 .. .. .. 630,481 195,484 25,153,018 1st June, 1929 .. .. .. .. 625,618 200,346 24,952,672 1st December, 1929 .. .. .. 620,635 205,330 24,74-7,342 1st June, 1930 .. .. .. .. 615,528 210,437 24,536,905 1st December, 1930 .. .. .. 610,294 215,671 24,321,234 1st June, 1931 .. .. .. .. 604,930 221,035 24,100,199 1st December, 1931 f .. .. .. .. .. 24,100.199 * Includes £200,000 paid off the Naval Defence Loan in terms of the clause by which New Zealand has the right on giving three months' notice, to repay at par any part of the principal. t Following on the " Hoover " moratorium, the Imperial Government agreed to postpone the instalments of principal and interest due in December, 1931, and June, 1932, only one half-yearly payment was therefore made in 1931-32. A further postponement for one year from 1st July, i932, was agreed to by the Imperial Government. No payment was therefore made in 1932-33.

Loan-money: Erection Consolidated Fund. of School Buildings p er Hea(J Subsidies of * ear National Vote, ,, to „ ,,. , Total. Mean Special : Endow- Education, Revenue Teaohere > Public Education p , a Acts. ment Salaries and ,/ rom Super- Loans tion Revenue, other Charges. Keserves - annuation Bund - Account. j J ! Eund. ; £ £ £ £ £ £ £ £~~ £ s. d. 1913-14 .. 27,742 50,681 1,131,756 71,808 17,000 121,954 .. 1,420 941 1 5 3 1914-15 .. 26,128 55,139 1,207,983 70,802 17,000 122,940 1,499 992 1 6 2 1915-16 .. 46,874 j 64,858 1,329,166! 84,390 17,000 97,972 1,640 260 1 8 6 1916-17 .. 58,408 60,180 1,406,264 90,535 17,000 70,367 .. 1,702 754 19 8 1917-18 .. 59,362 70,345 1,511,256 90,518 17,000 63,082 .. 1,811 563 1 11 5 1918-19 .. 57,716 76,177 1,602,995 92,095 43,000 115,656 .. 1,987 639 1 14 1 1919-20 .. 79,747 78,988 2,031,825 99,352 43,000 195,500 .. 2,528 412 2 110 1920-21 .. 101,972 70,313 2,460,116 100,758 43,000 244,722 214,571 3,235 452 2 11 8 1921-22 .. 96,217 71,737 2,580,562 105,448 43,000 2,469 563,411 3,462 844 2 13 10 1922-23 .. 90,393 66,610 2,514,991 112,378* 68,000 .. 361,976 3,214 348 2 9 0 1923-24 .. 96,506 77,788 2,604,508 116,808*68,000 .. 295,681 3,259 291 2 8 11 1924-25 .. 128,844 86,746 2,752,2711 118,973* 68,000 .. 462,212 3 617 046 2 13 2 1925-26 .. 111,389 87,512 2,854,719t 119,978* 70,952' .. 564,946 3,809,496 2 14 9 1926-27 .. 115,499 88,545 2,954,597f 119,073* 71,452 .. 550,954 3,900 120 2 14 11 L927-28 .. 127,289 90,518 2,974,615f 123,247* 71,497 .. ■ 369,134 3,756,300 2 12 1 1928-29 .. 137,233 94,934 3,067,296t 127,444* 71,749 .. 375,423 3,874,079 2 13 1 1929-30 .. 140,561 87,420 3,193,828t 129,531* | 146,781 .. 428,764 4,126,885 2 15 10 1930-31 .. 125,331 94,506 3,230,200$ 106,405*, 46,907 .. 491,974 4,095 323 2 14 8 1931-32 ...82,163 79,375 2,851,922 88,207*, 46,935 259,148 .. 3,407 750 2 4 11 1932-33 .. 51,938 2,574,929 85,716* 47,043§ 52,623 ' 2,812,249 1 16 9 * Net revenue after deducting expenses and cost of collection. t Excluding £>!.3,000 for teachers' superannuation, included under that heading. { Includes £61 charged to " Unauthorized." § Includes £1,745 charged to vote, Internal Affairs.