B.—l [PT. I].

LOANS REDEMPTION ACCOUNT.

17

YBAR ENDED 81ST MAKCH, YEAR 1842. EXPENDITURE. ended 81st March, Net. 1943 " £ s. d. £ g. d. 76,580,902 12 0 Securities renewed or converted .. .. .. .. .. .. 177,011,016 2 10 419,660 0 0 Premiums on conversion .. .. .. .. .. 200 0 0 106,525 0 0 Death Duty Stock exohanged or replaced by Ordinary Stock .. .. 250,725 0 0 59,730 0 0 Debentures exchanged for Stook .. .. .. .. .. .. 61,470 0 0 j 2,159,135 0 0 Tax-free Stock replaced by Ordinary Stock .. .. .. 7,439,066 10 10 Securities redeemed at or before maturity .. .. .. .. .. 2,060,024 8 9 Costs, charges, and expenses of raising loans, —• Issues in conversion— Finance Act, 1932, Seotion 55 — £ a. d. 2,415,462 18 6 Exchange on remittances beyond New Zealand .. .. 2,369,467 10 0 25 3 10 New Issues 2,369,467 10 0 2,415,488 2 4 Balance at end of Year, — 66,976 0 0 Cash .. .. ... .. .. .. .. 24,490 10 11 Investment Account— 2,500 0 0 Securities held £89,249,983 5 2 Totals .. .. .. .. .. .. 181,777,393 12 6