B.—l [FT. I].

PUBLIC ACCOUNTS, 1937-1938.

Year ended 31st March, 1938, compared with the Year ended 31st March, 1937—continued.

15

ACCOUNT. y EAK Year ended 31st March, ended 31st March, 1938. 1937. EXPENDITURE. Net - Gross. Credits. Net. £ s. d. Annual Appropriation, — £ s. d. £ s. d. £ s. d. 763,775 2 7 Vote —Development of Water-power .. .. .. 1,037,062 4 10 29,096 13 3 1,007,965 11 7 534,672 1 5 Interest and other charges on Loans and Capital Liability .. .. .. 520,785 8 5 Southland Electric-power Supply Act, 1936, Section 3,— Finance Act, 1932, Section 55— 380,112 7 2 Exchange on remittances beyond New Zealand .. | Southland Electric-power Supply Act, 1936, Section 3,- — 1,500,000 0 0 Southland Electric-power Board Debentures repaid 51,479 0 3 Southland Eleetric-power Board advances repaid .. .. .. .. New Zealand Loans Act, 1932, — Southland Electric-power Supply Act, 1936, Section 10 —• 3,060,000 0 0 Treasury Bills redeemed (including redemptions by renewal) New Zealand Loans Act, 1932, Section 61, — Charges and Expenses of raising Loans— 892 10 7 Issues in renewal and conversion Finance Act, 1932, Section 55— 8 6 3 Exchange on remittances beyond New Zealand .. 900 16 10 Balances at end of Year, —- 140,630 12 7 Cash* .. .. .. .. .. .. .. 44,198 7 10 3,003 0 7 Imprests outstanding .. .. .. .. .. .. 18,856 18 2 63,055 6 0 143,633 13 2 £6,434,573 1 5 Totals .. .. .. .. .. .. £1,591,806 6 0 SINKING FUND ACCOUNT. £ s. d. £ Si d. | £ s. d. £ s. d. Securities redeemed at maturity,— 4,669 8 4 Stock .. .. .. .. .. .. .. ; .. 1,750 0 0 Balance at end of Year,— 13,429 15 1 Cash* .. .. .. .. .. .. .. .. 11,679 15 1 £18,099 3 5 Totals .. .. .. .. .. .. £13,429 15 1 Year ended 31st March, 1938, compared with the Year ended 31st March, 1937. ZEALAND SHARES ACCOUNT. £ s. d. Finance Act, 1926, Section 8 (3), —- £ s. d. I £ s. d. £ s. d. Transfer to Ordinary Revenue Account of Dividends received 164,062 10 0 in terms of the Bank of New Zealand Act, 1926, Section 13 .. .. j 164,062 10 0 Balance at end of Year, — Investment Account— 1,859,375 0 0 Securities held .. .. .. .. .. .. .. 1,859,375 0 0 £2,023,437 10 0 Totals .. .. .. .. .. .. £2,023,437 10 0 * This includes Public Account Gash Balance Investments which it is not possible to allocate to the individual acconnts.