8.—7 [PT. I]

YEAR ENDING 31 MARCH, 1946

PERMANENT APPROPRIATIONS—continued

DEBT SERVICES

(a) Now includod in " Permanent Appropriations —Other Special Acts (See page 11).

9

Interest on Debt 1M5 " 4(i - 1^"45 - V- as at Slat March, so i i;late(1 lfull(Jj 1945-40. Estimated. Estimated. Expended. Interest— £ £ £ £ £ Interest in New Zealand currency on loans domiciled in London.. .. .. .. .. .. 6,524,621 Interest on loans domiciled in Australia .. .. 46,960 Interest on loans domiciled in New Zealand .. .. 10,632,347 Interest on floating debt .. .. .. .. 680,000 17,883,928 17,883,928 Interest suspended in terms of agreement with Imperial Government .. .. .. •• 1,609,152 Total interest as shown in detail in B.-l [Ft. Ill] .. 19,493,080 Interest on anticipated new issues .. .. .. 591,332 18,475,260 Less interest on anticipated redemptions during 1945-46 .. 222,284 Total interest payable .. .. .. .. 18,252,976 18,252,976 17,552,149 17,323,346 Debt Repayment— Repayment of the Public Debt Act, 1925 .. .. .. .. 3,914,184 3,677,896 3,585,147 Public Revenues Act, 1926 (Section 13-"> (4) ) — Amount transferred to Loans Redemption Account for redemption of Securities .. .. .. •• 25,000 10,000 182,546 New Zealand Loans Act, 1932 (Section 02) — Stamp duty on transfers of New Zealand Consolidated Stock .. .. .. .. .. .. .. 5,000 8,000 3,215 New Zealand Loans Act, 1932 (Section 61) — Charges and expenses of raising, paying off, or renewing securities to be charged to or paid out of Ordinary Rovenue Account of Consolidated Fund .. .. .. 150,000 80,000 187,903 New Zealand Loans Act, 1932— Charges and expenses of management of New Zealand Government Securities .. .. .. 75,000 85,000 105,488 Land Settlement Finance Act, 1909 (Section 13) — Deficiencies in principal and interest on debentures guaranteed by the Government .. .. .. .. (a) .. Or. 3,948 TOTAL—DEBT SERVICES .. .. .. .. .. 22,422,160 21,413,045 21,383,697 »