13.—1 [PT. T],

PUBLIC ACCOUNTS, 1938-1939.

Year ended 31st March, 1939, compared with the Year ended 31st March, 1938—continued.

13

ACCOUNT. Year j Year ended 31st March, ended 31ST March, iqoq 1938. EXPENDITURE. Ne * - Gross. Credits Net. j £ s. d. Annual Appropriation,— £ s. d. £ s. d. £ s. d. 1,007,965 11 7 Vote—Development of Water-power .. .. .. 1,364,594 10 4 26,810 1 7 1,337,784 8 9 520,785 8 5 Interest and other charges on Loans and Capital Liability .. .. .. 544,207 18 7 Transfer to Electric Supply Sinking Fund Account .. .. .. .. 179,641 7 2 Balances at end of Year, — 44,198 7 10 Cash* .. ,. .. .. .. .. .. 7,000 5 9 j 18,856 18 2 Imprests outstanding .. .. .. .. .. .. 8,926 5 2 . 15,926 10 11 63,055 6 0 j j£l ,591,806 6 0 Totals .. .. .. .. .. .. £2,077,560 5 5 SINKING FUND ACCOUNT. £ s. d. £ s, d. £ s. d. £ s. d. Securities redeemed at maturity,— 1,750 0 0 Stock .. .. .. .. .. .. .. .. 1,000 0 0 Securities redeemed before maturity,— Stock .. .. .. .. .. .. .. .. 180,000 0 0 — : Balance at end of Year, — 11,679 15 1 Cash* .. .. .. .. .. .. .. .. 2,115 2 3 Investment Account, — Securities held .. .. .. .. .. .. . . 8,206 0 0 £13,429 15 1 Totals .. .. .. .. .. .. £191,321 2 3 Year ended 31st Makoh, 1939, compared with the Year ended 31st Mabch, 1938. ZEALAND SHARES ACCOUNT. jjp „ - . . . £ s. d. Finance Act, 1926, Section 8 (3), — £ s. d. £ 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 .. .. 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 Cash Balance Investments which it is not possible to allocate to the individual accounts.