B.—l [PT. I]

Year ended 31st March, 1944, compared with the Year ended 31st March, 1943—continued

15

ZEALAND SHARES ACCOUNT y BAE Year ended 81st March, . ended 31ST MAKOH, 1944. 1943. EXPENDITURE. Net- Gross. Credits. Net. £ s. d. Finance Act, 1926, Section 8 (3), — £ s. d. Transfer to Ordinary Revenue Account of Dividends reoeivod 104,492 3 8 in terms of the Bank of New Zealand Act, 1926, Section 13 - • ■. 99,804 13 8 ST Balance at end of Year, — Investment Account— 1,859,375 0 0 Securities held .. .. .. . .. .. 1,859,375 0 0 £1,963,867 3 8 Totals .. .. .. .. .. .. £1,959,179 13 8 ACCOUNT £ s. d. Annual Appropriations,— £ s. d. £ s. d. £ a. d. 157,241 14 10 Vote—Land for Settlements .. .. .. 147,323 14 7 166 12 0 147,157 2 7 65,048 3 1 „ Small Farms Development .. .. .. 459,177 16 6 331,912 19 9 127,264 16 9 Gr. 11,572 7 10 ,, Native Land Settlement .. .. .. .. 710,373 3 5 723,404 6 11 Or. 13,031 3 6 Unauthorized expenditure— 299 11 7 Services not provided for .. .. .. .. 211,017 1 8 1,316,874 14 6 1,055,483 18 8 261,390 15 10 122,232 10 8 Interest and other charges on Loans and Capital Liability .. .. 454,090 17 7 Expenditure charged on proceeds of Sales of Lands, — 630 4 4 Crown Lands .. .. .. .. .. .. .. .. 1,228 1 1 Transfer to Loans Redemption Account for redemption of 1,700,000 0 0 Securities .. Balances at end of Year, — 672,532 16 10 Cash .. .. .. . .. .. .. 326,110 6 2 8,461 6 6 Imprests outstanding .. .. .. . .. 5,184 10 8 331,294 16 10 680,994 3 4 K Investment Aocount— 436,365 0 0 Securities held .. .. .. .. 1,000,000 0 0 £3,151,239 0 0j Totals .. £2,048,004 11 4 S