B—2

with the balance at the beginning of the year (£3,351,504 10s. Bd.), the amount of £7,170,308 10s. Od. was utilized in the discharge of the public debt of securities of a nominal amount of £7,170,308 10s. od., as per statement hereunder. Public Debt Repayment Account Receipts Balance at beginning of year — £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. .. 3,351,504 10 8 Repayment of the Public Debt Act, 1925, section 11— Transfers from the Consolidated Fund— Subsection (a), being one-half of 1 per cent, of the amount of the public debt outstanding at 31st March, 1946 2,671,484 0 4 Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1946 .. 172,126 17 2 Subsection (b), being 3| per cent, of the amount of the public debt redeemed to 31st March, 1946 .. 1,204,888 0 1 4,048,498 17 7 £7,400,003 8 3 Payments Securities redeemed and cancelled in terms of section 13 of the Repayment of the Public Debt Act, 1925 — New Zealand Loans Act, 1932 — £ s. d. £ s. d. Debentures .. .. .. .. .. 333,980 0 0 Stock .. .. .. .. .. .. 6,420,368 10 0 Death-duty stock .. .. .. .. 415,960 0 0 7,170,308 10 0 Balance at end of year — Cash in the Public Account .. .. .. .. .. 229,694 18 3 £7,400,003 8 3

Statement of Securities redeemed and cancelled in Terms of Section 13 of the Repayment of the Public Debt Act, 1925, during the Financial Year 1946-47

2

Nature of Security. Rate per Cent. Date of Maturity. Nominal Value. Cash Utilized. Date of Redemption. £ s. d. £ s. d. Debentures 4 15/2/46 845 0 0 845 0 0 15/5/44 99 4 15/4/49 333,135 0 0 333,135 0 0 15/4/46 Ordinary stock 4 15/4/49 2,075,245 0 0 2,075,245 0 0 15/4/46 4 1/4/46 382,323 10 0 382,323 10 0 1/4/46 99 2£ 1/4/47 400,000 0 0 400,000 0 0 16/12/46 99 2i 15/7/57 3,562,800 0 0 3,562,800 0 0 Various. Death-duty stock H 1/8/46 400 0 0 400 0 0 99 2t 15/9/47 5,680 0 0 5,680 0 0 99 99 2i 15/5/48 2,400 0 0 2,400 0 0 99 3 15/9/48 1,890 0 0 1,890 0 0 99 99 • • • • 4 30/11/48 1,660 0 0 1,660 0 0 99 99 • • * * 4 15/4/49 5,135 0 0 5,135 0 0 99 99 * * * * 2i 15/6/49 7,140 0 0 7,140 0 0 99 99 • • • • 2* 15/2/50 9,150 0 0 9,150 0 0 99 » • • * * 2* 15/4/51 4,560 0 0 4,560 0 0 99 » • * • * 2i 1/10/53 40,350 0 0 40,350 0 0 99 99 • * • ' 3 1/8/54 25,550 0 0 25,550 0 0 99 3 15/9/55 54,560 0 0 54,560 0 0 99 19 3 15/5/56 27,510 0 0 27,510 0 0 99 * 99 • • 3 15/12/56 79,990 0 0 79,990 0 0 99 99 • * * * 3 15/2/58 80,335 0 0 80,335 0 0 99 3 15/4/59 51,770 0 0 51,770 0 0 99 99 3i 15/9/60 16,665 0 0 16,665 0 0 99 99 3 15/4/63 1,215 0 0 1,215 0 0 7,170,308 10 0 7,170,308 10 0