PUBLIC DEBT
UNREDEEMED TREASURY
BILLS
A net increase in the Public Debt of £5,909,442 4s lOd during the financial year ended 31st March last is disclosed in the Public Accounts, which, together tnth the report of the Controller and Auditor-General, were presente. to the House of Representatives yesterday. The.total debt is given at £281,942,800 3s sd: The-increase includes £3^030,000 in unredeemed Treasury Bills and loans for development works. , .
j. Referring to the outstanding..-Trea-sury ■;. Bills '■'. the * Auditor-General states:—"Efforts will presumably be made to liquidate this portion of the debt from revenue at the- first ■opportunity,,and vso to prevent the amount from becoming a permament accretion to the Public Debt. At the,3lst March, 1932, the Ordinary Revenue Account held:'balances in cash and. investments amounting to* £1,058,953; 'Which could properly be set off against the liability of £3,03(J,000 on Treasury Bills." ■'■:
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19321116.2.47
Bibliographic details
Evening Post, Volume CXIV, Issue 119, 16 November 1932, Page 8
Word Count
138PUBLIC DEBT Evening Post, Volume CXIV, Issue 119, 16 November 1932, Page 8
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