B—7 [PT. I]

YEAR ENDING 31 MARCH, 1950

PERMANENT APPROPRIATIONS—continued

DEBT SERVICES

(a) Represents saving of interest following redemption of the London loan on Ist November, 1947, to be applied to debt redemption. (b) Being annual contribution in respect of the defined portion of the public debt—i.e., the whole of the public debt other than that raised for State Advances purposes and other portions for which special statutory provision has been made.

13

1949-50. 1948-49. Estimated. Expended. Interest — Interest ia New Zealand currency— On loans domiciled in London On loans domiciled in Australia On loans domiciled in New Zealand On floating debt £ 2,828,078 34,552 13,303,774 550,000 £ 3,473,924 42,845 12,522,689 550,000 £ 3,273,064 38,699 12,740,401 567,796 Total interest as shown in detail in B-l [Pt. I] Interest on anticipated new issues 16,716,404 390,830 16,589,458 372,016 Less interest on anticipated redemptions 17,107,234 379,234 16,961,474 183,234 Total interest payable 16,728,000 16,778,240 16,619,960 Amortization of Debt — Amounts transferred to Loans Redemption Account for redemption of securities — New Zealand Loans Amendment Act, 1947— Section 11 (c) Section 11 (c) Section 14 200,000 (a) 470,000 (b) 4,723,041 200,000 470,000 4,513,156 l \ 4,200,000 470,000 4,513,156 Administration and Management— New Zealand Loans Act, 1932 (Section 62) — Stamp duty on transfers of New Zealand Consolidated Stock .. .. 26,000 20,000 25,977 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 Revenue Account of Consolidated Fund 150,000 150,084 132,707 New Zealand Loans Act, 1932 — Charges and expenses of management of New Zealand Government Securities 68,000 69,800 67,277 TOTAL—DEBT SERVICES 22,365,041 22,201,280 26,029,077