B.—\ [PT. I].

PUBLIC ACCOUNTS, 1939-1940.

LOANS REDEMPTION ACCOUNT.

17

Yea". j Ykaii kndhd 31st March, ENDED 816T MAKCII, f 1940. 1939. | EXPENDITURE. j _ Net. Gross. Credits. Net. I J I l_ £ a - d. £ s. d. £ s. d. £ s. d. 19,007,799 0 0 Securities renewed or converted .. .. .. .. .. 69,784,629 18 9 Premiums on conversion .. .. .. .. .. .. 94,922 15 1 12,155 0 0 Death Duty Stock exchanged or replaced by Ordinary Stock .. .. 11,250 0 0 2,931,665 0 0 Debentures exchanged for Stock .. .. .. .. .. 31,285 0 0 Debentures lost and replaced by Stock .. .. .. .. .. 100 0 0 17,326,725 0 0 Tax-free Stock replaced by Ordinary Stock .. .. .. .. 6,263,780 0 0 Tax-free Death Duty Stock replaced by Death Duty Stock .. .. .. 59,670 0 0 1,027,888 6 8 Securities redeemed at or before maturity .. .. .. .. .. 214,229 18 0 War Credits applied in redemption of Loans .. .. .. .. 2,700 0 0 5,025 0 0 Reparation-moneys applied in redemption of Loans .. .. .. .. 805 0 0 Charges and expenses of raising loans .. .. .. .. .. 168 013 13 1 Balance at end of Year,— 24,399 1 10 Cash* .. .. .. .. .. .. .. .. 339,313 6 4 | (£40,335,656 8 6 Totals .. .. .. .. .. £76,970,699 11 3 * This includes Public Account CaBh Balance Investments which it is not possible to allocate to the individual accounts.