B.—l [PT. I].

LOANS REDEMPTION ACCOUNT.

17

Ybak Ykak ended 3 1st Maeoh, unded 31st March, 1942. 1941, EXPENDITURE. Net. Gross. Credits. | Net. £ 8 - d. £ s. d. £ 8. d. £ a. d. 82,699,561 13 11 Securities renewed or converted .. .. .. .. .. 76,580,902 12 0 62,202 0 0 Premiums on conversion .. .. .. .. .. .. 419,660 0 0 98,340 0 0 Death Duty Stock exohanged or replaced by Ordinary Stock .. .. 106,525 0 0 1,500 0 0 Ordinary Stock exchanged for Deatli Duty Stock 164,175 0 0 Debentures exchanged for Stock .. .. .. .. .. .. 59,730 0 0 347,215 0 0 Tax-free Stook replaced by Ordinary Stock .. .. .. 2,159,135 0 0 Tax-free Death Duty Stook replaced by Death Duty Stock 3 5 0 Interest-free Stoc£ exchanged .. .. ,. 7,336,625 19 8 Securities redeemed at or before maturity .. .. .. .. .. 7,439,066 10 10 500 0 0 Reparation-moneys applied in redemption of Loans Costs, charges, and expenses of raising loans,— Issues in conversion— Finance Act, 1932, Section 55 — 459,518 0 3 Exchange on remittances beyond Now Zealand .. .. .. 2,415,462 18 6 New Issues .. .. .. .. .. .. .. 25 3 10 2,415,488 2 4 Balances at end of Year, — 34,014 9 5 Cash .. .. .. .. .. .. 66,976 0 0 Investment Account— 2,500 0' 0 Securities held .. .. .. .. .. .. 2,500 0 0 £91,206,155 8 3 Totals .. .. .. .. .. .. £89,249,983 5 2