B.—l [PT. I]

PUBLIC ACCOUNTS, 1934-1 935

Year ended 31st March, 1935, compared with the Year ended 31st March, 1934 —continued.

29

ACCOUNT —continued. I Yeak ended 31st Maboh, ended 31st march, ,„r- 1935. 1934. EXPENDITURE. Met Gross. j Credits. Net. ; ~~ ~~ — | „ „ , £ s. d. I £ s. d. £ s. d. 8,558,250 0 0 Brought forward .. .. .. .. ■■ ; •• 26,051,890 0 0 War Credits applied in redemption of Loans in terms of Section 13 (1) of the Finance Act, 1925, — Securities redeemed at maturity— 250 0 0 Debentures.. Securities redeemed before maturity — 400 0 0 Stock 650 0 0 Reparation Moneys applied in redemption of Loans in terms of the Public Revenues Act, 1926, Section 135 (3), — Securities redeemed at maturity— Debentures Securities redeemed before maturity—- 0 Stock .. .. • • • • • ■ •• •• "" 750 0 0 New Zealand Loans Act, 1932, Section 61, Charges and Expenses of raising Loans— 258,142 3 10 Issues in renewal and conversion .. .. •• -j Balances at end of Year, — jg - 414,500 9 6 Cash .. ■■ •• •• •• •• " Investment Account- 0 Q Securities held 414,500 9 6 ' , TWni» .. •• £26,529,039 18 5 £9,231,542 13 4 lotaIs •• •• " - - - PART II CONVERSION ACCOUNT. £ s. d. New Zealand Loans Act, 1932,— £ s - d - £ s - d - £ s - d - New Zealand Debt Conversion Act, 1932-33 — Section 9— l nn n n 76,650 0 0 Debentures (dissented) exchanged for Stock .. Section 12 — Securities converted— 16,364,333 8 4 Debentures .. •• •• •• ■■ n n 52*947,452 10 1 Stock i' 500 0 0 886,915 0 0 Death Duty Stock 4,200 0 0 Stock Certificates .. •• - 12,550 0 0 70,202,900 18 5 Finance Act, 1933 (No. 2), Section 2 — Securities converted — 42,313,883 17 1 Debentures .. .j 217.316 8 0 Stock (Nominal value, £217, oôi)) —. * *' | 42,531,200 5 1 New Zealand Debt Conversion Act, 1932-33— 25 0 0 491,254 8 6 Premiums on conversion Amount lodged to bring premiums on conversion up to a multiple of £5 transferred to Ordinary Revenue Account 16.319 7 8 to meet costs of conversion .. •• •• "I I " I " _____ ' 1 1 Balance at end of Year,— Cash .. £12,675 0 0 £113,318,324 19 8 Totals .. •• •• ••