B.—l [Pt. I].

PUBLIC ACCOUNTS, 1939-1940.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

20

PUBLIC DEBT Year Year ended 31st March, ended 81st March, RECEIPTS. 194.0 1939. £ s. d. Balance at beginning of Year, —■ £ s. d. £ s. d. 5,757 4 2 Cash .. .. .. .. .. .. .. .. .. .. 3,262 17 3 ! | Repayment of the Public Debt Act, 1925, Section 11, — Transfers from the Consolidated Fund in respect of the Public Debt within the meaning of the Act — Subsection (a), being one-half of 1 per cent, of the amount of the Public Debt 1,084,282 7 8 outstanding at 31st March, 1939 .. .. .. .. •• 1,153,251 10 3 Subsection (a), being one-half of 1 per cent, of the amount of the Public Debt 83,386 4 10 redeemed to 31st March, 1939 .. .. .. .. .. 92,169 6 6 Subsection (6), being 3£ per cent, of the amount of the Public Debt redeemed 583,703 13 9 to 31st March, 1939 .. .. .. .. .. .. .. 645,185 6 0 Subsection (6), being 3-J per cent, of the amount of the Public Debt cancelled 2,750 18 5 during the year, computed from the dates of redemption .. •• 1,771 7 9 1,892,377 10 6 j 1,754,123 4 8 £1,759,880 8 10 Totals .. .. .. .. .. .. .. £1,895,640 7 9 REMITTANCES TO £ s. d. Amounts oredited to New Zealand Public Account, London, being Amounts remitted £ s. d. £ s. d. 9,031,300 0 0 from Public Account, Wellington . . .. .. .. .. .. .. 8,445,700 0 0 i £9,031,300 0 0 Totals . . .. .. .. .. .. .. j£8,445,700 0 0 RESERVE FUND £ s. d. Balances at beginning of Year, — £ s. d. £ s. d. 865,178 9 0 Cash .. .. .. .. .. .. .. .. .. .. 31.597 4 6 Investment Account— 375,897 0 10 Securities hold .. .. .. .. .. .. .. 1,240,897 0 10 Hawke's Bay Earthquake,— 31,365 18 3 Repayments of Loans made to Earthquake Sufferers .. .. .. 27,094 11 0 434 14 9 Repayment of Loans made to Local Authorities .. .. .. .. 5,703 2 1 _____ 32,797 13 1 31,800 13 0 I £1,272,870 210 Totals .. .. .. .. .. .. .. £1,305,29118 5