B.—l [PT. I]

Year ended 31st March, 1945, compared with the Year ended 31st March, 1944—continued ZEALAND SHARES ACCOUNT

ACCOUNT

15

Year Year bndhd 81st March, undhd 31st March, 1945. 1944. EXPENDITURE. — Net - Gross. Credits. Net. £ s. d. Finance Act, 1926, Section 8 (3), — £ s. d. Transfer to Ordinary Revenue Aocount of Dividends received 99,804 13 8 in terms of the Bank of New Zealand Act, 1926, Section 13 .. .. 99,804 13 8 Balanoe at end of Year, — Investment Aooount— 1,869,375 0 0 Securities held .. .. .. .. .. .. 1,859,375 0 0 £1,959,179 13 8 Totals .. .. .. .. .. .. £1,959,179 13 8

£ s. d. Annual Appropriations,— £ s. d. £ s. d. £ s. d. 147,157 2 7 Vote—Land for Settlements .. .. .. .. 183,331 18 1 268 3 9 183,063 14 4 127,264 16 9 „ Small Farms Development .. .. .. 1,389,820 8 8 351,189 9 2 1,038,630 19 6 Cr. 13,031 3 6 ,, Native Land Settlement .. .. .. .. 839,545 10 9 846,416 8 5 Cr. 6,870 17 8 Unauthorized expenditure— Services not provided for .. .. .. .. 2,951 8 1 .. 2,951 8 1 261,390 15 10 2,415,649 5 7 1,197,874 1 4 1,217,775 4 3 454,090 17 7 Interest and other charges on Loans and Capital Liability .. .. .. 327,057 9 7 Expenditure charged on proceeds of Sales of Lands, — 1,228 1 1 Crown Lands .. .. .. .. .. .. .. .. 4,275 14 5 Balances at end of Year, — 326,110 6 2 Cash .. .. .. .. .. .. .. 116,637 9 4 5,184 10 8 Imprests outstanding .. .. .. .. .. .. 27,200 8 8 143,837 18 0 331,294 16 10 Investment Acoount— 1,000,000 0 0 Securities held .. ... .. .. .. .. .. 600,000 0 0 £2,048,004 11 4 Totals .. .. .. .. .. £2,292,946 6 3