B.—l [PT. I].

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

20

PUBLIC DEBT Year Year ended 31st March, ended 31st March, RECEIPTS. 1943. 1942. £ s. d. I Balance at beginning of Year,— £ s - f ( '_ 913,257 13 1 Cash • •• •• •' 319,909 2 7 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 .. l,o45,663 9 7 1,372,882 3 2 outstanding at 31st March, 1942 .. .. •• •• Subsection (a), being one-half of 1 per cent, of the amount of the Publio Debt .. 121,693 10 9 107,451 11 2 redeemed to 31st March, 1942 .. .. ... .. .. Subsection (6), being 3J per cent, of the amount of the Public Debt redeemed . • 851,854 15 6 752,160 18 2 to 31st March, 1942 .. Subsection (b), being 3| per cent, of the amount of the Public Debt cancelled .. 46,142 6 11 22,613 17 0 during the year, computed from the dates of redemption .. •• 2,255,108 9 6 £3,168,366 2 7 Totals .. .. .. .. .. •• ;£2,885,323 5 4 REMITTANCES TO £ s. d. Amounts credited to New Zealand Public Account, London, being Amounts remitted £ s. d. £ s. d. 21,632,661 10 5 from Public Account, Wellington .. .. .. .. .. .. •• 28,122,500 0 0 £21,632,661 10 5 Totals .. .. .. .. .. • ■ • • £28,122,500 0 0 RESERVE FUND £ s. d. Balances at beginning of Year, — £ e - d. £ s. d. 46,544 4 2 Cash .. .. •• 50,258 9 11 Investment Account — 1,296,41.2 13 4 Securities held .. .. ■■ •• • •• •• 1,338,410 15 11 Hawke's Bay Earthquake,— 31,262 13 11 Repayments of Loans made to Earthquake Sufferers .. .. .. 35,252 19 7 6.244 4 10 Repayment of Loans made to Local Authorities .. .. ■■ .. 6,680 9 10 ' F ' — 41,933 9 5 37,506 18 9 8,248 9 11 Interest on investments .. .. .. .. •• •• 54,280 7 9 £1,388,712 6 2 Totals .. .. .. .. .. ■■ •• £1,484,883 3 0