8.~l [PT. IJ.

PUBLIC ACCOUNTS, 1940-1941.

LOANS REDEMPTION ACCOUNT.

17

Year Year ended 3 1st March, ended 31st March, 1941 1940. EXPENDITURE. Net. Gross. Credits. Net. £ s. (3i £sd£sd£sd 69,784,629 18 9 Securities renewed or converted .. ,, _ 82 699 561 13 11 94,922 15 1 Premiums on conversion .. .. .. 02 202 0 0 11,250 0 0 Death Duty Stock exchanged or replaced by Ordinary Stock .. .. 98 340 q q Ordinary Stock exchanged for Death Duty Stock .. .. .. _ _ 1,500 0 0 31,285 0 0 Debentures exchanged for Stock .. .. .. .. .. _ 164 175 0 0 100 0 0 Debentures lost and replaced by Stock 6,263,780 0 0 Tax-free Stock replaced by Ordinary Stock .. .. .. 347 215 0 0 59,670 0 0 Tax-free Death Duty Stock replaced by Death Duty Stock .. Interest-free Stock exchanged ,, ,, _ _ _ 3 5 0 214,229 18 0 Securities redeemed at or before maturity .. .. .. ,, 7 ggg 025 ]9 8 2,700 0 0 War Credits applied in redemption of Loans 805 0 0 Reparation-moneys applied in redemption of Loans .. .. .. ., qqq q q 168,013 13 1 Costs, charges, and expenses of raising loans, — Issues in conversion— Finance Act, 1932, Section 55— Exchange on remittances beyond New Zealand .. .. ,. 459 gj8 0 3 339,313 6 4 Balances at end of Year, — Cash* .. .. .. .. .. .. 34,014 9 5 Investment Account— Securities held .. . . .. .. .. ., _ _ 2 500 0 0 £76,970,699 11 3 Totals .. . . .. ,. £91,206,155 8 3 * This includes Public Account Cash Balance Investments which it is not possible to allocate to the individual accounts.