B.—l [PT. I]

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

LONDON ACCOUNT

LONDON ACCOUNT

ACCOUNT

21

Year Yeak ended 31st Makoh, ended 31st Makoh, 1945. 1944. EXPENDITURE. Net - Gross. Credits. Net. £ s. d. Securities redeemed and cancelled in terms of Section 13 of the £ s. d. Repayment of the Public Debt Act, 1925, — Nominal Value. New Zealand Loans Act, 1932— £ s. d. 100 0 0 Debentures .. .. .. .. 286,235 0 0 .. .. 286,235 0 0 2,317,775 0 0 Stock .. .. .. .. 3,213,628 15 0 .. .. 3,213,628 15 0 102,605 0 0 Death duty Stock .. .. .. 473,925 0 0 .. .. 473,925 0 0 2,420,480 0 0 3,973,788 15 0 3,973,788 15 0 Balance at end of Year, — 909,312 10 5 Cash .. .. .. .. .. .. .. .. 520,670 11 6 £3,329,792 10 5 Totals .. .. .. .. .. .. £4,494,459 6 6

£ s. d. Amounts withdrawn from Public Account, Wellington, for £ s. d. 29,960,837 19 9 remittance to New Zealand Public Account, London .. .. .. 27,615,821 14 4 £29,960,837 19 9 Totals .. .. .. .. .. .. £27,615,821 14 4

£ s. d. £ s. d. Amounts withdrawn from New Zealand Public Account, London, for remittance to Public Account, Wellington .. .. .. .. 4,375,000 0 0 Totals .... .. .. .. .. £4,375,000 0 0

£ s. d. Hawke's Bay Earthquake,— £ a. d. £ a. d. £ s. d. Gr. 104 11 3 Administration Expenses .. .. .. .. 30 12 11 129 11 8 Gr. 98 18 9 Balaneea at end of Year, — 31,037 11 4 Caah .. .. .. .. .. .. .. .. 21,732 8 7 Investment Aocount— 1,615,692 1 5 Securities held .. .. „ „ ... 2,254,714 12 10 £1,646,625 1 6 Totals .. .. .. .. .. .. £2,276,348 2 8