£.—1 [PT. I].

PUBLIC ACCOUNTS, 1937-193 8.

LOANS REDEMPTION ACCOUNT.

21

Yeas Year ended sist March, ENDED 31ST MAKCH, 19^8 1937. i EXPENDITURE. [- ' . Net - 1 Gross. Credits. Net. 17,478,684 19 8 Securities renewed or converted .. .. .. .. ,, 8 ' 17 *7 9,539 10 1 Premiums on conversion .. .. .. .. __ jgg q I ' 72,340 0 0 Death Duty Stock exchanged or replaced by Ordinary Stock j .. | .. 39,655 0 0 ' j I 169,905 0 0 Debentures exchanged for Stock .. .. .. .. .. _ jj3 ggg q q Stock exchanged for Debentures .. .. .. .. _ _ _ _ 420 0 0 1,644,930 0 0 Securities redeemed at or before maturity .. .. .. .. 7,409,203 17 5 2,935 0 0 Tax-free Stock replaced by Ordinary Stock .. j 35,305 14 7 War Credits applied in redemption of Loans .. .. .. ! 2 255 0 0 8,400 0 0 Reparation-moneys applied in redemption of Loans .. .. .. 400 y q * Charges and Expenses of raising Loans, — 136,552 5 5 Issues in Renewal and Conversion Finance Act, 1932, Section 55— 491,600 19 10 Exchange on Remittances beyond New Zealand 628,153 5 3 11 Balances at end of Year, — 74,519 5 9 Cash* .. .. .. .. .. .. .. .. 759,623 17 8 Investment Account — Securities held .. .. 100,000 0 0 j£20, 124,712 15 4 Totals .. .. .. .. .. £18,808,197 12 8 * This includes Public Account Cash Balance Investments which it is not possible to allocate to the individual accounts!