B.—l [PT.II.

PUBLIC ACCOUNTS, 1 9 37- 1 938.

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

4 —B. 1 [Fr. I.]

19

PROMOTION FUND. Year ' Year ended 31st March, ended 31st March, 1938 1937. EXPENDITURE. i * Net Gross. Credits. Net. £ s ' d- £ s. d. £ s. d. £ s. d. 76,444 19 2 Administration expenses .. .. .. .. 235,000 0 0 .. 235 000 0 0 Finance Act, 1932, Section 55, —- 123 8 10 Exchange on Remittances beyond New Zealand 2,775,814 7 2 Grants and Payments .. .. .. .. .. 2,594,842 16 7 29,606 7 11 2,565,236 8 8 28,421 2 4 Loans .. .. .. .. .. .. .. 42,769 3 6 1,002 7 6 41,766 16 0 1,533,206 13 11 Allowances .. .. .. .. .. .. 1,398,709 2 2 1 ( ,256 15 8 1,397,452 6 6 Balances at end of Year, — 253,220 8 9 Cash* .. .. .. .. .. .. .. 431,288 5 7 24 16 0 Imprests outstanding .. .. .. .. .. .. 2,602 1 3 433,890 6 10 Investment Account— Securities held .. .. .. .. .. .. ... 725,000 0 0 253,245 4 9 £4,667,255 16 2 Totals .. .. .. .. .. .. £5,398,345 18 0 ACCOUNT. £ s. d. Annual Appropriation,—■ £ s. d. £ s. d. £ s. d. 169,888 0 3 Vote —Land for Settlements .. .. .. .. 266,606 10 9 86 0 8 266,520 10 i 489,217 12 11 Interest and other Charges on Loans and Capital Liability .. .. .. 459 831 17 3 Expenditure charged on proceeds of Sales of Lands, — 6,793 1 5 Crown Lands .. .. .. .. .. .. .. .. 154 475 0 7 Finance Act, 1932 (No. 2), Section 6— 1 1 Transfer to Discharged Soldiers Settlement Account 1,754 16 8 of advances on Whangamomona Demonstration Farm 42 7 8 National Endowment Lands .. .. .. .. | .. .. j 14118 8 > 590 5 154,489 18 3 Balances at end of Year, — 468,237 15 8 Cash* .. .. .. .. .. .. .. .. | 114,408 10 5 j Investment Account— 16,365 0 0 Securities held .. .. .. .. .. .. .. 554,305 0 0 £1,152,298 14 7 Totals .. .. .. .. £1,549,555 16 0 i ~ -11 * This includes Public Account Cash Balance Investments which it is not possible to allocate to the individual accounts.