B—l [Pt. ll]

Repayment of Publie Debt The following table gives particulars of the amount of securities redeemed under -the provisions of the Repayment of the Public Debt Act, 1925, and the total cost of redemption :

The opening balance of the Public Debt Repayment Account was £3,351,504 10s. Bd., and during the year £4,048,498 17s. 7d. was transferred from the Consolidated Fund to that account. Securities of a nominal value of £7,170,308 10s., as shown above, were redeemed, leaving a balance at 31st March of £229,694 18s. 3d.

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Nominal Value of Securities redeemed. Rate of Interest, Total Cost of per Cent. Total to 31st March, 1946. Year 1946-47. Total to Slst March, 1947. Redemptions. £ s. d. £ s. d. £ s. d. £ s. d. JFree of interest 780 0 0 780 0 0 780 0 0 li 459,417 10 0 459,417 10 0 459,417 10 0 li 1,760,437 0 0 1,760,437 0 0 1,760,437 0 0 2* n 195,710 0 0 4,032,480 0 0 4,228,190 0 0 4,228,190 0 0 199,200 0 0 199,200 0 0 199,200 0 0 3 5,443,468 14 8 322,820 0 0 5,766,288 14 8 5,766,288 14 8 ;3i 596,485 0 0 16,665 0 0 613,150 0 0 613,150 0 0 3| 7,067,676 8 8 7,067,676 8 8 7,067,676 8 8 288,111 7 4 288,111 7 4 288,111 7 4 4 5,687,702 0 6 2,798,343 10 0 8,486,045 10 6' 8,474,357 19 7 41 2,104,760 0 0 2,104,760 0 0 2,089,382 5 0 ■5 5,423,735 0 0 5,423,735 0 0 5,423,181 5 0 1,530,990 0 0 1,530,990 0 0 1,530,972 10 0 5£ 1,033,310 0 0 1,033,310 0 0 1,030,894 12 2 6 2,633,588 9 9 2,633,588 9 9 2,612,292 8 8 34,425,371 10 11 7,170,308 10 0 41,595,680 0 11 41,544,332 1 1