FINANCIAL STATEMENT (In Committee of Supply, 6th August, 1914) BY THE MINISTER OF FINANCE, THE HON. JAMES ALLEN.

Appendix to the Journals of the House of Representatives, 1914 Session I, B-06

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CONTENTS.

T J j.- PAGE Introduction ... ... ... ... j Eevenue ... ... ... ... ... y Consolidated Fund Bevenue for the Financial Year ended the 31st March, 1914, compared with the Previous Year ... ... ... ii Compared with 1911-12 ... ... ... ... ... jy Expenditure ... ... ... ... jjj Expenditure, 1913-14, compared with 1912-13 ... ... ... i v Increases in Expenditure ... ... ... ... j v Besult of the Year's Operations ... ... ... ... ... v Public Works Fund ... ... ... ... v j Consolidated Fund... ... ... ... ... v j State Forests Account ... ... ... ... v j State Coal-mines Account ... ... ... ... v j Scenery Preservation Account ... ... ... ■ ... v jj Public Works Fund ... ... ... ... v j; Wellington-Hutt Eailway and Eoad Improvement Account ... .. vii Eailways Improvement Account ... ... ... v jj Waihou and Ohinemuri Eivers Improvement Account ... ... ... yjj The Aid to Water-power Works Account ... ... ... ... v y Irrigation and Water-supply Account ... .. ... .... ... v ;ji Land for Settlements Account ... ... ... ... v jy Native Land Settlement Account ... ... ... v jjj Opening up Crown Lands for Settlement Account ... ... ... vn 'i Hauraki Plains Settlement Account ... ... ... ... viii Eangitaiki Land Drainage Account ... ... ... j x State Advances Account .... ;_ ••"••• • • • IA The Public Debt ....... ... ;_ ■ ■ ■ • • • ... Iα Increase in our Indebtedness ... ... ... x Comparison of Loans ... ... ... ... x jj Allocation of £4,500,000 Loan ... ... ... ... ... x ii Loans falling due ... ... ... x jj Eedemption of Loans falling due ... ... ... x j;j Charges for Inscription and Management of Stock . ... ... X [ Y Post Office Savings-bank Investments ... ... ... ... x ; v Public Debt Extinction . ... ... ... xv Bank of New Zealand ... ... ... ... xv Public Service Eeform ... ... .. ... ... xv Treasury Eeforms ... ... ... ... ... xv Public Service Superannuation Fund ... ... ... ... xv ; Teachers' Superannuation Fund ... ... ... .. xv j Eailways Superannuation Fund ... ... ... ... xv jj State Advances Office ... .„ ... ... xv y Summary showing State of Branches... ... ... ... xv jjj Local Bodies' Loans Act ... ... ... ... ... xv jjj Post and Telegraph Department ... ... ... ... xv jjj Eailways ... ... ... ... ... ... x ; x Stamp Department ... ... ... ... x j x Land and Income-tax Department ... ... ... ... , x ; x Land-tax ... ... ... ... Y ,v • • • • • - AIA. Graduated Land-tax ... ... ... ... x j x Income-tax ... ... ... ... ... ... xx j Agriculture ... ... ... ... ... ... xx j

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PAGE Board of Agriculture and Agricultural Banks .... ... ... -•• xxl Industrial Matters ... ... ... ■ ■ ■ . ■ • • •• • • • • xxl Workers' Dwellings ... ■■• ••• •■■ ■•• ••• xxv National Provident Fund ... ... ••• ••• ■■■ ••• xxv Pensions .... ■•• ••■ ••• ••• ••• ••■ xxv Shipping and Seamen Amendment Acts ... ... ■ • ■ • • ■ •• • xx i y Training-ships... ... ■■• -•■ ■■■ ••• ... xxiv Lighthouses ... ",.. ••• ... ... ••• •■■ xxiv Fisheries ... ... ••• ••• ••• ••• ••■ xxlv Customs Department ... ... ••• ••• •■• ■•• XXIV Mining... .- ... .-. •■• •■■ •- •■ xxiv State Goal-mines ... ■ ■ ■ • • • • ■ • • • • • • • xxv Iron and Steel Industry ... ... ••• ••• ■■■ ••• xxv State Fire Insurance Office ... ... • • ■ • • • ■ ■ • ■ • • xxv Mental Hospitals ... ••■ ••■ ••• •■■ xxv Public Health ... ... ••• ■■• ■•• ■■• - xxv Land Eevenue ... •■• ■•• ••• •■• ••• ••• xxv * Settlement of Crown Lands ... ... ■ ■ • ••••• • • • ■ xxvl Freehold ... •■■ ■ ■•• ••• - - - xxvi National Endowment ... ■■■ ••■ ••• •■■ ••• xxvl Kauri-gum Eeserves ... ••■ ••• ■•• . ■•• xx vi Development of the Fruitgrowing Industry ... ■•■ ••■ •■■ xxvli State Assistance to Tree-planting by Farmers ... ... ■•• ■•■ x *vii Land for Settlements ... . ■•• ••■ ••• ••• ■•• xxvu Land Settlement Finance Act ... '■ ... ••■ ••• •■■ ••■ xxvll Native-land Settlement ... ••• •■■ •■• ••• ••• xxvu Cook Islands ... ••■ ••• ••• ■■• •- ■•• xxvii Insurance of Public Buildings ... ■ ... ■•• •■■ ••• ••• xxvm Eailway-construction ... ■■■ ■■• •■• ••■ ••• xxvm Boads and Bridges... ... ••• ••■ ••• ••• ■•■ ««» Development of Water-power ... ... ... ••■ ••• •■■ xxvul Irrigation ... ■•• •■• ••■ ••• — ••• XXIX Naval Expenditure... ... ■•• •■• ■•• ■•• — ** ] * Defence... ••■ ••■ ••■ ••• ■• Tsa Annual Training-camps ... ... ••• ••• •■■ xxx Finance ... ••• ••• •■• ■•■ ••■' "■ xxx Eifle Clubs ... •■■ ••■ ■■ ••■ •■■ - xxx Senior Cadets ... ... •-■ ■•■ ■■• ■•• ■•■ xxx Education .... Special Schools ... ■•■ •■• ••• ••• ■■• xxx | Medical Inspection and Physical Education ... ... ••• ••• x xxi Tourist and Health Eesorts ... , •■• ••• ••• ■•• xxxl Special Provision for Eoading ... ... ••• ■•■ •■■ ■•• xxx " Loan for Public Works ... ■•• ••■ ••■ ••• •■• xxxl * Customs Eeform ... ... ••• ••■ ••• •■• ••• xxx || Government Contribution to Local Works... ... ••• ••• •■• xxxnl Estimates of Eevenue, 1914-15 ■■■ ■•■ ••■ ••• ■•■ XX3UV Finance, 1914-15 ... ... ■■• •■■ •'•• - - xxxiv n i ... xxxiv Conclusion Eeturn of Subdivisions of Eural Freeholds in New Zealand ... ... •-• xxxv Summary of Subdivisions of Eural Land and Land made available for Closer Settlement during the Period of Two Years and a Quarter, commencing 31st March, 1912, and ending 30th June, 1914 ... ... ■•• ■•• ••■ ••• xxxv

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1914 NEW ZEALAND.

FINANCIAL STATEMENT (In Committee of Supply, 6th August, 1914) BY THE MINISTER OF FINANCE, THE HON. JAMES ALLEN.

Mr. Malcolm,— It is with considerable gratification that I rise to deliver this my third Budget speech. It has been a pleasure to note the steady improvement which has taken place in the prosperity of the country during the time the present Government has held office. Honourable members will recall that during the earlier stages of the past financial year the country had unexpectedly to meet two very heavy calls upon its finances. I refer to the smallpox epidemic, and to the industrial upheaval which blocked the avenues of commerce for a while, and as a natural consequence materially affected the finances of the country. The cost to the Treasury in stamping out the smallpox epidemic amounted to, roughly, £30,000, and the strike cost the country in direct payments approximately £93,000. The figures I have quoted, however, do" not by any means represent the total loss which the Treasury suffered' in connection with jthe misfortunes referred to, as both the Railways and Customs revenue were seriously affected by the smaller number of persons who travelled in the one case, and by the diminution in the volume of overseas trade in the other. Notwithstanding these serious drawbacks the revenue for the year showed wonderful buoyancy, and it is with great pleasure that I have to announce a surplus amounting to £426,905. It will not be exaggerating the position to say that better evidence of the recuperative powers of the Dominion has never been shown during its past history. When comparing the revenue and expenditure with that of previous years I would ask honourable members to bear in mind that a great proportion of the territorial revenue which formerly went to swell the Consolidated Fund now finds its way into the Land for Settlements Account under legislation which was passed by the present Government. As the year 1913-14 was the first year in which this change was brought into effect, it will be necessary for purposes of comparison to add to the surplus for 1913-14 a sum of £81,066, representing the amount of the territorial revenue which would in previous years have been credited to the Consolidated Fund. It must also be borne in mind that prior to the assumption of office by the present Government it was the custom to replace buildings destroyed by fire out of the Public Works Fund. This practice was stopped, and £10,000 has been set aside each year for the last two years out of ordinary revenue to build up a fire-insurance fund. Further, the Government, in order to make the Public Service and Teachers' Superannuation Funds financially sound, has had to provide each year from ordinary revenue an additional amount of £35,000.

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I think it will be admitted, in view of the above facts, that the handsome surplus which has been announced is proof of the soundness of the liberal and progressive legislation which has been endorsed by Parliament, and also of careful administration on the part of the Government. REVENUE. The revenue for the year was estimated at £11,789,602, but the total collections amounted to £12,224,339, or £434,737 in excess of the estimate, made up as indicated in the following table :—

From the comparative table furnished hereunder it will be seen that an increase of £490,317 over the revenue of the previous financial year is recorded. £ Revenue, 1913-14 .. .. .. .. 12,224,339 Revenue, 1912-13 .. .. .. .- 11,734,022 Increase .. .. .. .. £490,317

Consolidated Fund Revenue for the Financial Year ended the 31st March, 1914, compared with the Previous year.

Difference. Receipts. Estimated. Actual. More. I Less. -evenue Account — Customs Railways Stamps Postal and Telegraph Land-tax Income-tax Beer Duty Registration and other Fees Marine Miscellaneous • .. Territorial Revenue National Endowment Revenue £ 3,250,000 4,200,000 1,000,000 1,230,000 750,000 470,000 124,000 92,000 51,200 360,000 190,000 72,402 £ 3,426,744 4,028,739 1,221,971 1,257,537 767,451 554,271. 127,041 100,635 53,037 424,067 190,444 72,402 £ 176,744 £ 171,261 221,971 27,537 17,451 84,271 3,041 8,635 1,837 64,067 444 605,998 171,261 171,261 Totals 11,789,602 12,224,339 434,737

1913-14. I 1912-13. Increase. Decrea.se. lonsolidated Fund, — Ordinary Revenue , —■ Customs Stamps (Stamp Department) Postal and Telegraph Land-tax Income-tax Beer Duty Railways Registration and other Fees Marine Miscellaneous Territorial Revenue National Endowment Revenue £ 3,426,744 1,221,971 1,257,537 767,451 554,271 127,041 4,028,739 100,635 53,037 424,067 190,444 72,402 £ 3,407,538 1,052,347 1,167,977 728,636 462.994 124,223 3.968,350 93,930 . 52,765 361,339 254,509 59,414 £ 19,206 169,624 89,560 38,815 91,277 2,818 60,389 6,705 272 62,728 £ 64,065 12,988 Totals .. 554,382 64,065 64,065 12,224,339 11,734,022 490,317

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Compared with 1911-12. £ Eevenue, 1913-14 .. .. .. .. 12,224,339 Revenue, 1911-12 .. .. .. .. 11,032,544 Increase .. .. .. .. £1,191,795 It is gratifying to note that the revenue in the case of each revenue-producing Department shows a satisfactory increase over the revenue of the preceding year, except, of course, the territorial revenue, for the reason already stated. The increase in the land and income tax is due partly to amended legislation, and partly to the natural increase in prosperity of the taxpayers. EXPENDITURE. £ Estimated expenditure, 1913-14.. .. .. 12,000,735 Expenditure .. . . .. .. ..11,825,864 Less than estimate .. .. .. £174,871 The details of this difference are shown in the following table : —

Difference. Expenditure. Estimated. Actual. More. Less. Permanent Appropriations— Civil List Interest and Sinking Fund Under Special Acts Subsidies paid to Local Authorities .. Territorial Revenue Endowments Old-age Pensions Widows' Pensions Military Pensions £ 35,300 2,861,091 586,546 113,500 58,700 176,402 403,279 25,000 29,200 £ 32,071 2,887,981 545,104 120,673 55,584 143,599 394,558 27,073 29,445 £ 26,890 7,173 £ 3,229 41,442 3,116 32,803 8,721 2,073 245 Annual Appropriations — Legislative Departments Department of Finance Post and Telegraph Department Working Railways Public Buildings, Domains, &c. Native Department Justice Department Mines Department Department of Internal Affairs Defence Department Customs, Marine and Harbours, &c. .. Department of Labour Department of Lands and Survey Department of Agriculture, Industries, Commerce Education Department Services not provided for and 4,289,018 4,236,088 36,381 89,311 42,682 70,972 1,165,208 2,958,294 129,641 26,664 436,341 35,576 484,671 513,747 162,088 31,620 309,192 43,743 68,984 1,170,883 3,004,181 125,466 23,986 419,749 29,877 456,982 488,570 146,984 28,549 253,792 1,061 5,675 45,887 1,988 4,175 2,678 16,592 5,699 27,689 25,177 15,104 3,071 55,400 197,233 1,147,788 192,838 1,131,756 3,436 4,395 16,032 3,436 7,711,717 7,589,776 56,059 178,000 92,440 267,311 92,440 Totals 12,000,735 11,825,864 174,871

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Expenditure, 1913-14, compared with 1912-13. 1913-14. £ £ Permanent appropriations .. .. .. .. 4,236,088 Annual appropriations .. .. .. .. 7,589,776 11,825,864 1912-13. Permanent appropriations .. .. .. ' .. 4,052,185 Annual appropriations .. .. 7,029,853 11,082,038 Increase . . .. .. .. .. £743,826 As under— £ Increase permanent appropriations .. .. .. 183,903 Increase annual appropriations .. . . .. .. 559,923 Total ... .. .. ..' .. £743,826 The details of this increase are shown in the following table: —

Expenditure. Year 1913-14. Year 1912-13. - Diffc More. Diffei •ence. Less. Permanent Appropriations— £ £ Civil List .. .. .. .. 32,071 , 33,493 Interest and Sinking Fund .. ' . . .. 2,887,981 j 2,717,013 Under Special Acts .. .. .. 545,104 1 574,441 Subsidies paid to Local Authorities .. .. 120,673 110,528 Territorial Revenue .. .. .. 55,584 ! 41,317 Endowments .. .. .. .. 143,599 ; 156,248 Old-age Pensions .. .. .. .. 394,558 397,037 Widows' Pensions .. .. .. .. 27,073 j 22,108 Military Pensions .. .. .. .. 29,445 j £ 170,968 10,145 14,267 4,965 29,445 £ 1,422 29,337 12,649 2,479 4,236,088 ; 4,052,185 Annual Appropriations— —-—————i ■———■ Legislative Departments .. .. .. 43,743 i 35,517 Department of Finance .. .. .. 68,984 i 55,026 Post and Telegraph Department .. .. 1,170,883 1,066,772 Working Railways Department .. .. 3,004,181 ! 2,817,141 Public Buildings, Domains, and Maintenance of Roads ..- .. .. .. .. 125,466 ! 117,703 Native Department .. .. .. 23,986 23,668 Justice Department .. .. .. 419,749 404,316 Mines Department .. .. .. 29,877 29,948 Department of Internal Affairs ... .. 456,982 314,599 Defence Department .. .. ..' 488,570 505,267 Customs, Marine, and Inspection of Machinery Departments .. .. .. .. 146,984 134,020 Department of Labour .. .. .. 28,549 29,177 Department of Lands and Survey .. .. 253,792 231,246 1 Department of Agriculture, Industries, and Commerce .. .. .. .. 192,838 178,904 | Education Department .. .. .. 1,131,756 1,084,042 | Services not provided for .. .. .. 3,436 2,507 | 7,589,776 7,029,853 j 43,743 68,984 1,170,883 3,004,181 125,466 23,986 419,749 29,877 456,982 488,570 35,517 55,026 1,066,772 2,817,141 117,703 23,668 404,316 29,948 314,599 505,267 229,790 8,226 13,958 104,111 187,040 7,763 318 15,433 142,383 12,964 22,546 13,934 47,714 929 577,319 229,790 8,226 13,958 104,111 187,040 7,763 318 15,433 142,383 45,887 71 16,697 146,984 28,549 253,792 134,020 29,177 231,246 12,964 22,546 628 192,838 1,131,756 3,436 178,904 1,084,042 2,507 13,934 47,714 929 7,589,776 7,029,853 577,319 17,396 807,109 63,283 807,109 63,283 63,283 Totals .. .. .. 11,825,864 11,082,038 743,826 11,825,864 11,082,038 743,826

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V

It will be observed that under the heading of Interest and Sinking Fund there is a considerable increase over the previous year's figures. This difference is accounted for by the increased indebtedness of the Dominion, and by the fact that interest had to be found for a considerable amount of loan-money which was raised for the purpose of redeeming other loans about to mature. I may explain to honourable members that it is not feasible to raise money exactly on the date it is required for redemption purposes, as the date of issue of a loan depends largely upon the state of the money-market. On the other hand, it must be remembered that the loan-money which we raised for redemption purposes was not allowed to lie idle, but was placed on deposit at varying rates of interest. Pending the redemption of the £4,500,000 loan on the Ist July, the loan-moneys were temporarily invested on fixed deposit, and in repurchasing New Zealand Government debentures : the total interest earned thereon was £62,400. Similarly, the moneys raised on the 29th January, 1914, for redemption of £476,600 debentures maturing on various dates between the 15th May and the Ist July were invested, and earned £1,850 in interest. The expenditure by the Post and Telegraph, the Railways, and the Internal Affairs Departments shows a considerable increase over the expenditure of the previous year. The increase in connection with the Post and Telegraph Department was due to two main causes —the statutory increases to officers provided by the Public Service Act, and the expansion of business, which produced an increased revenue of £89,560. As regards the salary vote, there were at the beginning of the year 5,375 classified officers, which number increased during the year by 261. The total increase under this head amounted to £55,108, which is not an excessive amount when divided among such a large number of officers and when the new appointments, owing to the expansion of the Service, are taken into consideration. The amount of £49,003 by which the expenditure on the other departmental votes increased is also due to the expansion of the Service. The conveyance of mails necessitated heavier expenditure, on account of their increased volume, while arrears were claimed by the Railway Department amounting to about £7,000. The maintenance of telegraph and telephone lines was increased owing to the expansion of business and through heavy renewals of existing lines. The " Miscellaneous Services" vote, covering the cost of office expenses, stationery, lighting, fuel, and other matters incidental to the upkeep of the Department, showed an increase, which was also due to the expansion of business. The increased expenditure in the Department of Internal Affairs is attributable to the expenses incurred in connection with the strike and the smallpox epidemic. RESULT OF THE YEAR'S OPERATIONS. £ Balance brought forward, Ist April, 1913 .. . . . . . . 709,508 Receipts during year,— £ Revenue .. .. . . .. 12,224,339 Other receipts . . .. . . 5,322 £ • 12,229,661 Expenditure during year, — Appropriations .. .. .. 11,825,864 Debentures redeemed : General Purposes Loan Act, 1873 .. .. 11,400 11,837,264 Excess of receipts over expenditure .. .. .. 392,397 1,101,905 Transfer to Public Works Fund .. .. . . .. .. 675,000 Balance, 31st March, 1914 .. , , , . .. ~ £426,905

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In view of the adverse conditions which the Government had to face during the year, this result cannot but be regarded as highly satisfactory. I have also pleasure in stating that none of the Treasury bills issued in anticipation of revenue were outstanding on the 31st March, 1914, and that it was not found necessary for the Government at any time during the year to raise money by pledging the Reserve Fund securities held in London. PUBLIC WORKS FUND. £ Balance from last year .. .. .. .. .. .. *626,741 Receipts,— Loan-money— £ Aid to Public Works and Land Settlement Act, 1911 100,000 Aid to Public Works and Land Settlement Act, 1912 893,674 Aid to Public Works and Land Settlement Act, 1913 1,532,222 Immigration and Public Works Loan Act, 1870 .. 113,224 Premium on sale of stock .. .. . . .. 500 Transfer from revenue .. .. .. .. 675,000 Other receipts .. .. . . .. .. 23,030 3,337,650 3,964,391 Expenditure,— Under appropriations .. .. .. .. 2,421,807 Debentures redeemed .. .. .. .. 364,000 2,785,807 Balance at 31st March, 1914 .. .. .. .. . . f1,178,584 Balance loan-money to receive .. .. .. .. .. 227,628 Amount available with which to start the current year . . .. £1,406,212 * Includes £249,776 for redemption of debentures. | Note. —The balance on 31st March is made up as follows : — £ Cash in Public Account .. .. .. .. .. .. .. 1,142,578 Imprests in hands of officers of Government .. .. .. .. •■ a 26,006 Investment Account .. .. .. .. .. .. ... > j: 10,000 £1,178,584 The following statement indicates the financial position of the Dominion on the 31st March, 1914, as compared with the 31st March, 1913 :— CONSOLIDATED FUND. £ Balance on 31st March, 1913 .. .. .. .. . . 709,508 Liabilities on 31st March 1913 .. .. .. .. . . 289,123 Balance on 31st March, 1914 .. .. .. .. .. 426,905 Liabilities on 31st March, 1914 .. .. .. .. .. 285,141 STATE FORESTS ACCOUNT. £ Balance on 31st March, 1913 ~. .. .. .. .. 25,943 Liabilities on 31st March, 1913 .. .. .. .. .. 390 Balance on 31st March, 1914 .. .. .. .. .. 13,856 Liabilities on 31st March, 1914 .. .. .. .. .. 184 STATE COAL-MINES ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 51,067 Loan-money to receive .. .. .. .. 15,596 Unexhausted authority for raising loan .. .. 25,000 91,663 Liabilities on 31st March, 1913 .. .. .. ... 10,707 Balance on 31st March, 1914 .. .. .. .. 31,217 Unexhausted authority for raising loan .. .. 25,000 56,217 Liabilities on 31st March, 1914 .. .. .. .. 2,045

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SCENERY PRESERVATION ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 332 Unexhausted authority for raising loan .. ~ 40,000 40,332 Liabilities on 31st March, 1913 .. .. .. .. 76 Balance on 31st March, 1914 .. .. .. .. 1,428 Unexhausted authority for raising loan .. .. 26,000 27,428 Liabilities on 31st March, 1914 .. .. .. .. Nil. PUBLIC WORKS FUND. £ £ Balance on 31st March, 1913 .. .. .. ~ *376,965 Loan-money, to receive .. .. .. .. 994,774 —- 1,371,739 Liabilities on 31st March, 1913 .. .. .. .. f 673,933 Balance on 31st March, 1914 .. .. .. . . 1,178,584 Loan-money, to receive .. .. .. .. 227 628 1,406,212 Liabilities on 31st March, 1914 .. . . .. .. 992,098 * Does not include £249,776 for redemption of debentures, 15th April, 1913. t Does not include £325,870, liabilities in connection with Midland Railway contract, which were included in liabilities as at 31st March, 1912, and which were written off during the year. WELLINGTON-HUTT RAILWAY AND ROAD IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1913 .. .. • .. . . 2,477 Unexhausted authority for raising loan .. .. 5,320 7 797 Liabilities on 31st March, 1913 .. .. . . 11T1 Balance on 31st March, 1914 .. .. .. . . 359 Unexhausted authority for raising loan .. .. 3,320 Liabilities on 31st March, 1914 . . .. ~ _ 5679 RAILWAYS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 94 Unexhausted authority for raising loan .. .. ]05 470 T . . ... . 105,564 Liabilities on 31st March, 1913 .. .. .. 103 233 Balance on 31st March, 1914 .. .. .. ~ 5 530. Unexhausted authority for raising loan .. . . 60,470 66,000 Liabilities on 31st March, 1914 .. .. . . ~ 63 ggg WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. . . 91 091 Unexhausted authority for raising loan .'. .. 50 000 T . , ~. . 141,091 Liabilities on 31st Maich, 1913 .. .. .. 8 050 Balance on 31st March, 1914 .. . . .. .. 85 287 Unexhausted authority for raising loan . . .. .. 50 000 135^287 Liabilities on 31st March, 1914 .. .. .. __ 8 216 THE AID TO WATER-POWER WORKS ACCOUNT. £ £ Balance on 31st March, 1913 . . .. • .. .. 14 991 Unexhausted authority for raising loan .. .. 450,000 T . , ~. . . 464,991 Liabilities on 31st March, 1913 .. .. .. .. 132 162 Balance on 31st March, 1914 .. .. .. .. 37,163 Unexhausted authority for raising loan .. .. 285,000 r- 1.,. • « 322,163 Liabilities on 31st March, 1914 .. .. ~ ~ 34 934

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IRRIGATION AND WATER-SUPPLY ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 311 Unexhausted authority for raising loan .. .. 85,000 85,311 Liabilities on 31st March, 1913 .. .. .. .. 50 Balance on 31st March, 1914 .. .. .. .. 1,709 Unexhausted authority for raising loan .. .. 65,000 66,709 Liabilities on 31st March, 1914 .. .. .. .. 200 LAND FOR SETTLEMENTS ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 47,672 Loan-money to receive .. .. .. .. 125,503* Unexhausted authority for raising loan .. .. .. 510,500 683,675 Liabilities on 31st March, 1913 .. .. .. .. 1,196 Balance on 31st March, 1914 .. .. .. .. 64,297 Loan-money to receive .. .. .. .. 3,029 Unexhausted authority for raising loan . . .. . . 190,500 257,826 Liabilities on 31st March, 1914 .. .. .. .. 3,386 * Does not include £50,000 raised for redemption of debentures due Ist April, 1913. NATIVE LAND SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 9,631 Unexhausted authority for raising loan .. .. 420,000 429,631 -^ Liabilities on 31st March, 1913 .. .. .. .. 2,560 Balance on 31st March, 1914 .. .. .. .. 124,094 Loan-money to receive . . . . .. .. 32,361 Unexhausted authority for raising loan. . . . . . 91,500 247,955 Liabilities on 31st March, 1914 .. .. .. .. 2,568 OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 10,405 Unexhausted authority for raising loan .. .. .. 61,730 72,135 Liabilities on 31st March, 1913 .. .. .. .. 9,396 Balance on 31st March, 1914 .. .. .. .. 45,285 Unexhausted authority for raising'loan.. .. .. 1,874 47,159 Liabilities on 31st March, 1914 .. .. .. .. 13,566 HAURAKI PLAINS SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 2,778 Unexhausted authority for raising loan. . .. . . 65,000 67,778 Liabilities on 31st March, 1913 .. .. .. .. 163 Balance on 31st March, 1914 .. .. .. .. 4,445 Unexhausted authority for raising loan .. .. .. 50,000 54,445 Liabilities on 31st March, 1914 .. .. .. .. 46

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RANGITAIKI LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 9 599 Unexhausted authority for raising loan .. .. .. 15 000 T . nM . . 24,599 Liabilities on 31st March, 1913 .. .. .. ~ 311 Balance on 31st March, 1914 .. .. .. .. 1 836 Unexhausted authority for raising loan .. .. .. 5,000 T . , ~. . 6,836 Liabilities on 31st March, 1914 .. .. .. # , 344 STATE ADVANCES ACCOUNT. £ £ Balance on 31st March, 1913 .. .. .. .. 450,723 Loan-money to receive .. .. .. .. 690,000 Unexhausted authority for raising loan .. . . .. 2,028,000 3,168,723 Liabilities and commitments on 31st March, 1913 .. .. 872.484 Balance on 31st March, 1914 .. .. . . .. 881 038 Loan-money to receive .. .. .. .. 1,005,000 Unexhausted authority for raising loan .. .. . . 1,956,000 3,842,038 Liabilities and commitments on 31st March, 1914 .. .. 680,799 THE PUBLIC DEBT. The gross public debt at the end of the financial year amounted to £99,730,427, and the net debt to £91,689,835. The following table shows the purposes for which the various amounts were borrowed : — £ Maori war .. .. .. .. .. 2,357,000 Defence .. . . .. .. .. 4,101,952 Public works .. .. .. .. .. 51,959,593 (Includes railways, roads and bridges construction and lands improvement, public buildings, telegraph and telephone lines, harbours and lighthouses, immigration, tourist and health resorts, development of water-power, development of goldfields and coal-mines.) Advances to settlers .. .. .. .. 9,544,625 Advances to workers .. . . .. . , 3,286,927 Land for settlements .. . . .. .. 7,805,893 Advances to local authorities . . .. .. 2,568,067 Native-land settlement .. . . .. .. 929,600 Guaranteed mining advances . . .. .. 15,000 Hauraki Plains settlement . . .. .. 100,000 Opening up Crown lands .. .. .. .. *251,911 RangitaiM land drainage .. .. .. .. 45,000 Bank of New Zealand shares . . . . .. 500,000 New Zealand Consols .. . . .. .. 475,991 Purchase of Native lands . . .. . . 2,715,217 State coal-mines . . . . .. . . 225,000 Loans to local bodies .. . . .. .. 3,507,000 Reserve Fund securities .. .. .. .. 800,000 Scenery-preservation .. .. .. .. 74,000 Deficiencies in revenue, charges and expenses of raising loans, increase by conversion, provincial liabilities and miscellaneous .. .. .. 8,467,651 £99,730,427 * Includes £37,171 transferred from Land for Settlements Account in accordance with section 63, Land Laws Amendment Act, 1913.

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The net debt amounted to £91,689,835, arrived at as follows :— £ £ Gross debt of the Dominion .. .. .. .. • ■ 99,730,427 Less sinking funds— Government Loans to Local Bodies Acts . . .. 799,601 Naval Defence Act, 1909 . . .. . • 173,449 State Advances loans .. .. .. •• 1,138,460 Section 26 (5) (6), State Advances Act, 1913— £ Hauraki Plains Settlement Account . . 2,176 Opening up Crown Lands for Settlement Account .. .. .. 3,417 Rangitaiki Land Drainage Account .. 904 — 6,497 Public Debt Extinction Act, 1910 .. ... 464,258 War and Defence loans.. .. .. • • 192,691 Canterbury Loan Ordinance, 1862 .. .. 24,840 New Zealand Loan Act, 1863 .. .. .. 264,196 — 3,063,992 96,666,435 Less redemption-money twice included .. .. .. 4,976,600 Net debt 31st March, 1914 .. .. .. .. .. £91,689,835 Increase in our Indebtedness. The borrowing of large sums of money in anticipation of redemption of debentures maturing between the 15th May, 1914, and the Ist July, 1914 (inclusive), increased our public debt by £9,669,664 since 31st March, 1913. Now that these redemptions have taken place this amount should be reduced by £4,976,600, so that the actual increase to our indebtedness during the year is £4,693,064. The following is an analysis of the increase, in which redemptionmoneys are included: — State Advances Debt: — £ Advances to settlers .. .. .. .. .. 1,318,981 (£1,667 at 3| per cent., London ; £1,280,314 at 4 per cent., London ; £37,000 at 4 per cent., Dominion.) Advances to workers .. .. .. .. .. 1,039,985 (£1,250 at 3J per cent., London ; £1,038,735 at 4 per cent., London.) Advances to local authorities . . .. .. .. 662,807 (£3,333 at 3J per cent., London ; £602,474 at 4 per cent., London ; £57,000 at 4 per cent., Dominion.) Land for settlements .. .. . . .. .. 278,208 (£2,917 at 3J per cent., London ; £275,291 at 4 per cent., London.) Native-land settlement .. .. .. .. .. 110,000 (At 4 per cent., Dominion.) — £3,409,981

8.—6.

Public Works : — £ Aid to Public Works and Land Settlement Act, 1904 .. .. 565,500 (At 4 per cent., London.) Aid to Public Works and Land Settlement Act, 1912 .. . . 206,000 (£175,300 at 3| per cent., Dominion ; £23,800 at 4 per cent., Australia ; £6,900 at 4 per cent., Dominion.) Aid to Public Works and Land Settlement Act, 1913 .. .. 1,540,800 (At 4 per cent., London.) Aid to Water-power Works Act, 1910 .. .. .. 165,000 (At 4 per cent., Dominion.) Government Railways Amendment Act, 1910.. .. .. 45,000 (At 4 per cent., Dominion.) Hutt Railway and Road Improvement Act, 1910 .. .. 2,000 (At 4 per cent., Dominion.) Irrigation and Water-supply Act, 1913 .. .. .. 35,000 (At 4 per cent., Dominion.) ■ —■— 2,559,300 Less redemptions — Aid to Public Works and Land £ Settlement Act, 1903 .. 1,000 Aid to Public Works and Land Settlement Act, 1908 .. 100,000 Immigration and Public Works Loan Act, 1870 .. .. .. 363,000 464,000 £2,095,300 New Zealand Consolidated Inscribed Stock .. .. .. £3,820,964 (£30,833 at 3| per cent.; £315,807 at 4 per cent. (1929); £3,474,324 at 4 per cent. (1963).) . — Miscellaneous: — £ Hauraki Plains Amendment Act, 1913 .. .. .. 5,000 (At 4 per cent., Dominion.) Land Laws Amendment Act, 1913 .. .. .. .. 286,100 (At 4 per cent., Dominion.) Native Land Settlement Act, 1913 .. .. .. .. 48,500 (At 4 per cent., Dominion.) New Zealand Consols Act, 1908 .. .. .. .. 100 (At 3J per cent., Dominion.) Rangitaiki Land Drainage Amendment Act, 1913 .. .. 5,000 (At 4 per cent., Dominion.) Scenery Preservation Act, 1908 .. .. .. .. 14,000 (At 4 per cent., Dominion.) —— 358,700 Less redemptions— £ Canterbury Loan Ordinance, 1862 .. 100 Dairy Industry Act, 1908 .. .. 1,781 General Purposes Loan Act, 1873 ' .. 11,400 State Fire Insurance Act, 1908 .. 2,000 ■ 15,281 £343,419 Summary. £ State Advances debt .. .. .. .. .. .. 3,409,981 Public works .. .. .. .. .. .. 2,095,300 New Zealand Consolidated Inscribed Stock .. .. .. 3,820,964 Miscellaneous .. .. .. .. .. .. 343,419 Gross increase, 1913-14 .. .. .. 9,669,664

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XII

Deduct — Raised for redemption of debentures on the following due dates, and consequently shown twice in the debt— £ Due 15th May, 1914 .. .. .. 10,800 Due 30th June, 1914 .. .. .. 381,500 Due Ist July, 1914 .. .. .. 4,584,300 *4,976,600 Net increase .. .. .. .. .. £4,693,064 * A further sum of £218,010 was borrowed during tho year for the redemption of debentures, but as redemption was effected within the year the amount is not shown twice in the public debt. Comparison of Loans. The following is a comparison of the last five loans, giving particulars of the cost and showing the purposes to which the moneys were applied when raised: —

Allocation of £4,500,000 Loan. The following allocation table shows the purposes to which the recent loan of £4,500,000 was applied :— Public Works Fund .. .. .. ..1,750,000 Advances to settlers .. .. .. .. 250,000 Advances to workers .. .. .. .. 250,000 Advances to local authorities .. .. .. 500,000 Land for settlements .. .. .. .. 23,400 Native-land settlement .. .. .. .. 250,000 Redemption of debentures .. .. .. 1,476,600 £4,500,000 Loans falling due. The loans falling due during the seven years ending with the year 1921 are as follows :—

Loan. Date raised. Repayment of Advances I T>rir.p -R/cto Annual Cost, Taken obtained in Expenditure ' nf nfTii including up by Anticipation in London t=.,,» rLt =+ Redemption, Under- of loan or in (Naval issue. rerest. &0 writers. Payment of Defence). Maturing Debentures. Balance available for Expenditure in the Dominion. £5,000,000 loan of 1910 .. £4,500,000 loan of 1911 .. £3,000,000 loan of 1912 .. Nov. 11, 1910 June 7, 1912 Feb. 13, 1913 Per Cent. 98J 99 98 Per Cent. H 3* 4 Per Cent. £ s d. 4 11 5 5 1 1 4 5 4 Bonds, £4 8s. 5d.; stook, £4 3s. 3d. £4 Is. 3d. Per Cent. 93 88 80 £ 992,000 2,785,500 451,800 £ Nil. 283,500 ' Nil. £ 4,008,000 1,431,000 2,548,200 £3,500,000 loan of 1913*.. Oct. 9, 1913 ', 98J 4 | [-92 3,500,000 Nil. Nil. £4,500,000 loan of 1913-14t Jan. 29, 1914 100J J Nil. 1,476,600 Nil. 3,023,400 4 * £1,873,000 of this loi •f- The whole of this loa Hay, 1914. in has been conv m was convertec -erted inti I into N< > New w Zei Zealand 4-pi (.land 4-per-( er-cent. ] lent. Insi inscribed Std bribed Stock, >k, 1943-63. 1943-63, as at the 31st

Year ending 31st March. London. Australia. I New Zealand. Total. .915 .916 .917 .918 .919 920 921 £ 8,280,100 848,900 222,100 40,700 147,250 38,000 3,000 £ 320,200 127,550 1,087,800 84,400 60,000 26,800 550,300 £ 1,390,565 3,299,471 575,240 3,281,456 1,585,665 704,980 362,200 £ 9,990,865 4,275,921 1,885,140 3,406,556 1,792,915 769,780 915,500 9,580,050 2,257,050 11,199,577 23,036,677

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The £9,990,865 due in 1915 includes the £4,500,000 loan of 1911 and £3,142,600 of the £5,000,000 loan of 1910 not converted. Redemption of Loans falling due. In the Budget last year it was pointed out that during the period from the Ist July, 1913, to the 31st March, 1915, loans amounting to £10,129,665 would mature. Of this total no less a sum than £8,727,700 was held outside New Zealand, and provision had to be made for the redemption of this sum at maturity. The Government was able to borrow on the London market and on favourable terms a total amount of £5,194,600, which will suffice to meet all loans falling due in London up to the end of November, 1914. The above sum of £8,727,700 includes the whole of the four-and-a-half-million two-years loan of 1911, and the unconverted portion of the five-million loan of 1910, amounting to £3,142,600. When it is remembered that in addition to the above large requirements of the Dominion for the purposes of redemption it was also necessary for Go vernment to borrow money on the London market for public works; advances to settlers, workers, and local authorities ; land for settlement and Native-land settlement, I think honourable members on both sides of the House will recognize the difficult and delicate task which fell to the lot of the Finance Minister during the year. In order that honourable members may be made thoroughly conversant with the means adopted by the Government for raising these large sums of money, I attach the following table, which will explain in detail the transactions which were undertaken during the year for the purposes of redemption of loans, and which were successfully carried into effect :■ —

The £4,500,000 loan raised by my predecessor on the 7th June, 1912, matured on the Ist July last, and was repaid out of moneys raised for its redemption on the 9th October, 1913 (£3,400,000), 15th January, 1914 (£100,000), and 29th January, 1914 (£1,000,000). Subjoined is a statement showing the amount of money borrowed in London during the year ended 31st March, 1914, other than by public flotation, and on which the only charges were—Brokerage, \ per cent., and stamp duty, 12s. 6d. per cent.: —

Amount raised. Rate of Interest. Price realized. ! Date raised. Date of Maturity. Purpose for which raised. £ 100,000 % 4 £ 100J 1913. Sept. 26 1929. Nov. 1 Redemptions, Aid to Public Works and Land Settlement Act, 1908, due 13th November, 1913. 3,500,000 4 98| Oct. 9 1923. Aug. 1* Redemptions, £100,000, Government Advances to Settlers Act, 1908, due 13th November, 1913, and £3,400,000, 1st July, 1914 (part £4,500,000 loan 1911). 18,000 1914. Jan. 2 1929. Nov. 1 100,000 4 98| 99 „ 15 „ 1 Redemptions, £17,500, Government Advances to Settlers Act, 1908, due 15th January, 1914. Redemptions, £100,000, due 1st July, 1914 (part £4,500,000 loan, 1911). 4 1,476*, 600 4 lOOfV „ 29 1924. Feb. 1* Redemptions, £476,600, due 15th May to 1st July, 1914, and £1,000,000,1st July (balance £4,500,000 loan, 1911). 15,194,600 * Conve: •tible into New Zealand 4-per-cent. Inscribed Stock, 1943-63.

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XIV

CHARGES FOR INSCRIPTION AND MANAGEMENT OF STOCK In last year's Budget I mentioned that prior to the Ist May, 1908, a sliding scale of charges was in force with the Bank of England for the inscription and management of our stock, but that on the date mentioned a fixed payment to the bank for each million of stock inscribed was agreed upon. The effect of this alteration was to grant some relief to the Treasury at the time, but as our debt has considerably increased since then, the amount now annually payable to the Bank of England is in excess of the amount which would have been payable had the original agreement been maintained. The result of revising the agreement was, in short, to afford temporary relief only, and to saddle us with higher charges in the future. Efforts have been made to procure a more equitable arrangement with the Bank of England, but the terms asked by the bank could not be agreed to in the interests of the Dominion. The amount annually paid to the Bank of England now exceeds £21,000, and, with the prospect of considerable conversions before next December, this annual charge will shortly be further increased. With a view of avoiding these higher charges the Government has, as honourable members are aware, introduced legislation which will enable more favourable arrangements to be made regarding future loans.

POST OFFICE SAVINGS-BANK. The following table will show the relative sums borrowed from the Post Office for each of the years ended 31st March, 1912, 1913, and 1914 :—

Comparison of Post Office Investments in New Zealand Government Securities during the Years ended 31st March, 1912, 31st March, 1913, and 31st March, 1914, respectively, showing Purposes to which Money was applied.

Amount. Date borrowed. Price of Currency Years. Rate of Interest. Annual Cost, including Redemption. Borrowed for Issue. £ 8,000 7,000 1913. April 25 May 16 ( April 25 to I June 27 89 89 27 27 % 3| 3i % 3* £ s. d. 4 6 9 4 6 9 Naval Defence Act Account. ,y 500,000 1 I 99# 30/50 4 4 4 2 2 Public Works, £200,000; Advances to | ""[Settlers, £125,000 ; Advances to Local If Authorities, £75,000 ; Land for Settlelaments, £100,000. Charges and expenses, £3,000,000 loan. Public works. 100,000 100,000 100,000 100,000 Julv 11 Aug. 5/6 Aug. 6/14 Sept. 26 Par 981 98| 100J 30/50 30/50 30/50 16 4 4 4 4 4 2 6 4 2 7 4 2 7 4 3 11 ?j 27 16 3* 4 4 5 8 4 5 2 Redemption of debentures, 13th November, 1913 (Aid to Public Works, 1908). Charges and expenses, £3,000,000 loan. 25,000 35,000 Oct 30 Dec. 1 90 981 jj jj 18,000 1914. 16 4 4 4 11 Redemption of debentures due 15th January, 1914 (Advances to Settlers). Redemption of debentures due 1st July, 1914 (Advances to Settlers). Charges and expenses, £3,500,000 loan. Jan. 2 98f 100,000 ; Jan. 15 99 16 4 4 4 10 100,000 30,000 Jan. 29 Feb. 27 99J 102J 16 16 4 4. 4 4 7 3 19 10 jj jj 11, 223, 000

Fund or Account. 1911-12. 1912-13. 1913-14. £ Consolidated Fund (Treasury bills) State Coal-mines Account Scenery Preservation Account 'ublic Works Fund 500,000* 20,000 5,000 76,750 £ 175,000* 25,000 15,000 49,000 £ 200,000* 14,000 115,000* * These amounts were repaid during the respective financial years.

B —6.

Comparison of Post Office Investments in New Zealand, etc. — continued.

PUBLIC DEBT EXTINCTION. The Public Debt Sinking Fund, held by the Superintendent of the State Advances Office, with interest accrued, now amounts to £464,258, and is invested in loans to settlers, workers, and local authorities, as provided by the Public Debt Extinction Act, 1910. The annual sums paid over to the Superintendent from the Consolidated Fund are as follow: 1911-12, £144,885 ; 1912-13, £149,343 ; 1913-14, £151,572. The amount required to be set aside out of revenue for this purpose during the current financial year is £169,404. BANK OF NEW ZEALAND. Negotiations were recently entered into with the Bank of New Zealand with the object of thoroughly revising the working agreement which has existed between the Treasury and the bank since 1893. The new agreement regarding the conduct of our banking transactions will be laid upon the table of the House, and I feel sure it will prove to be satisfactory to honourable members. PUBLIC SERVICE REFORM. The Commissioner and the Assistant Commissioners appointed under the Public Service Act, 1912, have been actively engaged during the year, and the result of their operations to date proves in a practical way the advantages of central control of the Public Service. The classification of officers was completed in August last, and the Board of Appeal constituted under the Act has been engaged for some months in hearing appeals. In his latest report, which has already been laid before Parliament, the Commissioner records many improvements, and reports not only that the efficiency of the Service has greatly improved, but that economies have been effected, or are in process of being introduced, which will result in an estimated saving of £65,000 per annum. At the same time the salaries of officers, particularly in the lower classes, have been considerably improved. A minimum wage for married men in the Public Service has been established. Honourable members will be gratified to learn that Cabinet has decided to permit officers of the Public Service and Bailway Service to occupy positions upon local bodies, and this privilege in some instances has already been taken advantage of. TREASURY REFORMS. During the past year several important alterations have been effected in the Treasury, amongst which I may specially refer to the introduction of a system of paying claims by means of cheques drawn to the order of the payees.

XV

Fund or Account. 1911-12. 1912-13. 1913-14. Ud to Water-power Works Account irrigation and Water-supply Account Railways Improvements Account .. Jutt Railway and Road Improvement Account .joans to Local Bodies Account for Settlements Account Native Land Settlement Account advances to Settlers advances to Workers advances to Local Authorities Mining Advances Elauraki Plains Settlement Account Rangitaiki Land Drainage Account £ £ 50,000 10,000 15,000 £ 165,000 20,000 45,000 2,000 10,000 50,000 525,850 254,500 125,300 80,000 73,000 158,500 37,000 425,000 222,000 5,000 261,000 57,000 5,000 5,000 * £340,300 borrowed prior to 10th July, 1912 (date present 2,094,100 805,300* 896,500 imed officii-). kivernment assi

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The results are entirely satisfactory, and the new system has proved a great convenience to the public, as it is now unnecessary for holders of Treasury cheques to visit the Post Office in order to give receipts for payments and obtain the Postmaster's countersignature to the cheques. The Postmasters have also been relieved of a considerable amount of work. An arrangement has also been made with the Post Office under which claims not exceeding £5 in amount are made payable locally by Postmasters in cash. This arrangement enables prompt payment to be made of small sums owing by the Government, and is not only a matter of great convenience to the public, but has relieved the Treasury of the necessity of writing and posting cheques for thousands of small accounts. In order to simplify the process of paying the salaries of classified officers of the Service, the Treasury Regulations have been amended to enable these payments to be. made before audit, instead of after audit as formerly. This process will relieve Departments and also the Treasury of a considerable amount of work, and will not in any way impair our system of audit as applied to the payment of salaries. An important reform has also been effected in the method of keeping expenditure accounts, full details of which were formerly entered by both the Treasury and the spending Department. The responsibility for keeping the details and apportioning the expenditure between the various items of the votes has now been definitely placed with the Departments, and the Treasury will record the charges against votes as a whole. This change has done away with a considerable amount of duplication, and while it has effected a large saving of labour, it has also expedited the process of payment.

PUBLIC SERVICE SUPERANNUATION FUND. The income during the year ended the 31st December, 1913, was £185,463, including £48,000 annual subsidy from the Government. The amount contributed by members of the fund during the year was £116,425, the balance of the income was made up of interest, £20,804, and fines, £234. The total payments for the year amounted to £71,104. This includes allowances to members and to widows and children of deceased members, £58,238, as against £50,781 for the previous year; contributions refunded, £10,757 ; compensation, £942; and expenses, £1,167. The total value of the fund at the end of the year was £537,914, an increase of £114,358 on the total at the close of the year 1912. The number of contributors at the beginning of the year was 10,027, and 1,427 new contributors have joined since. The number of officers who ceased to contribute during the year owing to resignation from the Service, retirement on pension, or death was 646, leaving a total of 10,808 effective members of the fund at the end of the year. There were 438 members in receipt of retiring-allowances by reason of age or length of service, and 101 by reason of medical unfitness or of injuries received whilst on duty. The number of widows and children in the fund was 138 and 134 respectively. The Government Actuary is now engaged in making the triennial investigation of the fund, under section 48 of the Act, and his report will bejpresented to Parliament before the close of this session.

TEACHERS' SUPERANNUATION FUND. The income during the year ended the 31st December, 1913, was £84,405, made up as follows : Contributions of members, £55,010 ; interest on outstanding contributions, £2,294 ; interest from Public Trustee, £10,101 ; and Government subsidy, £17,000. The expenditure for the year was £33,567. The value of the fund on the 31st December, 1913, was £265,136, as against £214,298 on the 31st December, 1912, an increase of £50,838. The number of contributors increased from 3,641 on the 31st December, 1912, to 4,286 at the end of 1913, an increase of 645. Under section 3 of the Public Service Classification and Superannuation Amendment Act, 1912, forty-six persons in the employ of the University of New Zealand and affiliated institutions on the 31st December, 1912, exercised on or before the 30th June, 1913, their right of election to become members of the fund ; and in like manner 156 persons who were eligible but who failed to join the fund on its inception in 1906 exercised their right to become members on paying up back contributions.

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RAILWAYS SUPERANNUATION FUND. Up to last year no investigation had. been made of the Kail ways Superannuation Fund. The Government, considering it essential that Parliament should be acquainted with the financial position, gave instructions for an examination. The Actuary reports that to make the fund sound it is necessary to provide an additional £25,000 per annum for the next three years, and that at the expiration of three years a further investigation should be made to ascertain whether any additional contribution will be required. A further sum of £25,000 will accordingly be placed on this year's estimates, making a total for the year of £50,000.

Statement showing Contributions to Superannuation Funds during the Years 1911-12 to 1914-15 inclusive.

STATE ADVANCES OFFICE. It will be remembered that last session legislation was passed which enabled the Government to transfer from the State Advances Office the responsibility of providing moneys for land for settlements, Native-land settlement, opening up Crown lands, Hauraki Plains settlement, the Eangitaiki land drainage, and the guaranteed mining advances. The result of the year's working shows a profit of £81,894 in the Settlers Branch and £10,141 in the Workers Branch, while the Local Authorities Branch shows a loss for the year of £3,129. The results in the cases of the Settlers and Workers Branches are very satisfactory, while the loss in the case of the Local Authorities Branch is small, and was not unexpected. It will be remembered with regard to the last-named branch that, owing to the very low rate at which the money was originally lent to the local authorities, a loss of over £20,000 was made in the first two years of business, and that the present Government found it necessary, in order to prevent a recurrence of these heavy losses, to slightly raise the rate of interest chargeable to local bodies in respect of all subsequent advances. Owing, however, to the large amount of money which had been previously lent at unremunerative rates, and which must of course remain at those rates, it will be some time before the increased rates now being charged in respect of the new loans will convert the annual loss into an annual profit. Last year's Budget showed the unsatisfactory condition of the funds available for lending purposes in June, 1912. lam pleased to be able to inform the House that there are now ample funds at the disposal of the Department for lending. The following table will show the improved condition during the past two years :—

» Includes £34,680 temporarily transferred from Public Debt Sinking Fund Branoh. b Inoludes £186,572 temporarily transferred from Public Debt Sinking Fund Branch, and £130,000 from Advanoes Office Sinking Fund. 0 Includes £360,000 temporarily transferred from Settlers Branch to Workers Branch. d Includes £360,000 temporarily transferred to Workers Branch from Settlers Branch. c Includes £70,000 temporarily transferred from Settlers Branch,

iii—B. 6.

Year. Fund. 1911-12. 1912-13. 1913-14. 1914-15. Public Service Teachers' Railways £ 23,000 7,000 25,000 £ 48,000 17,000 25,000 £ 48,000 17,000 25,000 £ 48,000 17,000 50,000 £55,000 £90,000 £90,000 £115,000

30th June, 1912. 30th June, 1914. Advances to Settlers— Total commitments... Total funds Advances to WorkersTotal commitments... Total funds Advances to Local Authorities— Total commitments... Total funds £ 73,142" 644,739° 559,891 a 655,166 £ 581,393" 1,373,786 212,590 e 294,013 711,820 96,783 240,045 687,560 •

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Prior to the date when the Government assumed office the lending operations of this Department had to be restricted owing to insufficiency of capital. As the funds became more plentiful, and previous commitments had been provided for, the limits of loans which could be granted by the Board were gradually increased, and in June last the Government found itself in a position to remove altogether the restrictions which had previously been placed on the lending of moneys under the three branches of the Department. A great change has taken place in the Local Authorities Branch of the Department especially. The large commitments, with insufficient funds to meet them, which existed during the early period of the year 1912-13 have been provided for, and a good credit balance has been established. Honourable members are fully aware that the difficulties in the way of providing funds during the financial year ended the 31st March, 1913, were serious. The money-market at Home was not favourable for borrowing, especially in view of the heavy redemption loans which were in prospect, and, owing to the stringency in New Zealand, it was practically impossible for the Post Office Savings-bank to provide money for lending purposes. The following table will show the financial position of the three branches as at the 31st March, 1912, 1913, and 1914 :— Summary Showing State op Branches. Commitments. 31st March, 31st March, 31st March, 1912. 1913. 1914. £ £ £ Advances to Settlers .. .. .. 158,685 132,260 230,675 Advances to Workers .. .. .. 557,823 62,849 187,000 Advances to Local Authorities . .. 821,515 676,905 262,225 £1,538,023 £872,014 £679,900 Funds. ■ Advances to Settlers .. .. .. 519,401 611,790 . 795,644 Advances to Workers .. .. .. 1,215 187,565 283,184 Advances to Local Authorities .. .. 163,643 410,031 555,474 £684,259 £1,209,386 £1,634,302 LOCAL BODIES' LOANS ACT. Amending legislation will be introduced this session extending the purposes for which loans may be authorized by the Advances Board. POST AND TELEGRAPH DEPARTMENT. The volume of business done by the Post and Telegraph Department again shows a steady and satisfactory increase, the revenue received during the year amounted to £1,257,537, exceeding that of the previous year by £89,560. The revenue derived from the sale of postage-stamps advanced by nearly £48,000, some portion of which must be ascribed to the increase in parcel-post business due to the substantial reduction in the rates made on the Ist January, 1913. The Savings-bank deposits during the year reached a total of £11,286,702, and the withdrawals £11,041,454, while the amount standing at the credit of depositors was £17,131,414, an increase of £801,156 over the previous year. The increasing excess of deposits over withdrawals during the past few months of the year points to a general improvement in the financial position of all classes of the community. The money-order and postal-note business continues to show a steady increase, the total value of issues and sales respectively during the year reaching considerably over £4,000,000. The increase in past years in the number of telephone-exchange subscribers has been more than maintained, and this increase, coupled with the demand for

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telephone facilities in the remoter country districts, has involved an expenditure of £392,648 out of the appropriation for telegraph-extension, compared with £251,375 during the previous year. The revenue from the exchanges increased from £201,237 to £232,191 during the year. During the year fifty-seven additional slot telephones were installed, bringing the total number of this class of instrument up to ninety-three, from which a revenue of £2,633 was derived. RAILWAYS. Full details respecting the New Zealand railways will be found in the Bailways Statement and in the General Manager's report. These papers, which contain very important proposals, will be laid on the table of the House before the debate on the Budget is commenced. STAMP DEPARTMENT. The revenue of this Department continues to steadily increase in volume, the receipts during the financial year 1913-14 amounted to £1,221,971, which constituted a record, being £221,971 in excess of the estimate and £169,624 more than the amount collected during 1912-13. LAND AND INCOME TAX DEPARTMENT. The net receipts for the past year in this Department exceeded the estimate b y". £ J o1 ' 722 ; of tllls excess £40,000 was last year estimated as the additional yield which would accrue due to the increase of rates for income-tax passed last session, so that the net excess over the estimate should be taken at £61,722. Land-tax. The land-tax receipts for the financial year 1913-14 as compared with those of the year 1912-13 are as follow :— Receipts, 1913-14.. .. .. .. _ # ygy 451 Receipts, 1912-13.. .. .. .. .. 728636 An increase of. . .. .. .. £38 gjjj The following figures show the increases in the net assessed taxable value of and and mortgages, the yield of land-tax, and the number of taxpayers which have taken place during the last five years:— Year. Taxable Value. Tax. Number of £ £ Taxpayers. 191 3-14 .. .. 140,448,406 767,451 40,889 1908 -9-- •• •• 106,198,550 604,900 30,855 Increases.. .. £34,249,856 £162,551 10,034 Graduated Land-tax. The comparison between the number of payers of graduated land-tax and the amounts assessed for 1908-9 and for 1913-14 is as follows :— Amount Number of Year assessed. Payers. £ 1913 - 14 •• •• •• •• 84,185,276 6,148 1008-9 •• ■■• •• •• 58,437,718 4,471 Increases .. .. ..£25,747,558 1,677

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The explanation of this increase is to be found in the large accretion to the unimproved value of the land in the Dominion since 1908-9, —viz., from £161,324,000 to £212,936,000 —thus bringing more estates into the graduated class, while it also increases the value of those which were already in it. The increase of 32 per cent, in the total unimproved value of the land in the Dominion has produced an increase of 32 per cent, in the amount assessed for ordinary tax and has added 32 per cent, to the number of ordinary taxpayers. It has also produced an increase in the amount assessed for graduated tax of 44 per cent., and in the number of graduated taxpayers of 37 per cent. would seem to furnish conclusive evidence that the amendments in the Valuation of Land Act, with reference to the valuation of improvements, have not operated in the direction of nullifying the effect of the increase in the rates charged for graduated land-tax, as was anticipated would be the case by some honourable members when the amending measure was before the House last session. Between the Ist April, 1912, and the Ist April, 1913, twelve persons owning land of an unimproved value of £60,000 and upwards sold 75,047 acres to seventytwo persons ; four owning £50,000 and less than £60,000 sold 19,557 acres to twenty-six persons ; four owning £40,000 and less than £50,000 sold 2,293 acres to four persons ; eleven owning £30,000 and less than £40,000 sold 23,851 acres to forty persons. Altogether thirty-one persons owning land of an unimproved value of £30,000 and upwards sold 120,748 acres to 142 persons, which shows that the holdings of thirty-one persons were decreased by an average of 3,895 acres each. These figures, when considered in conjunction with the great increase in the unimproved value of the land of the Dominion and the decreases in numbers of the most valuable holdings, afford good evidence of the effect of the graduated tax in inducing subdivision of estates. ; Instances of the additional taxation due to the increased rates for graduated land-tax imposed by the Act of 1912 are shown in the following table :— Tax at Old Rate Unimproved prior to passing of Tax at T In cvpf\ Value. Amendment Act, Present Rate. 1912. £ £ s. d. £ s. d. £ s. d. A .. .. 31,665 98 19 1 126 15 6 27 16 5 B .. .. 49,650 304 2 1 338 6 0 34 3 11 C .. .. 57,533 409 18 5 462 17 7 52 19 2 D .. .. 63,910 503 5 10 577 17 3 74 11 5 E .. .. 70,529 617 2 6 710 13 1 93 10 7 The graduated land-tax is not the only means of inducing the cutting-up of the large estates in the interests of closer settlement. The power to purchase land for settlement has provided other opportunities for the above desirable object. Last year under Part VI of the Land Laws Amendment Act the Minister of Lands was given authority to notify an owner that his land was required for purposes of settlement. After the service of such notice no increase of the value of the land could be inserted on the subsidiary roll. Within six months after the gazetting of the notice the owner must notify the Minister whether he is prepared to subdivide or to enter into an agreement under Part 111 of the Land Act, 1912, which also provides for subdivision, or he must submit to the compulsory taking of his land under the provisions of the 1913 statute. Acting under the power conferred on him, the Minister of Lands has already notified several owners that their lands are required for settlement, and that this portion of the Act of 1913 will be brought into active operation. The Government is of opinion that for the present these several provisions for closer settlement suffice, but will not hesitate to act either by •increase of the graduated land-tax, or otheiwise, in order to bring about the closer settlement which is so much desired. A table appended to this Budget shows that during the last two years and a quarter 2,316 rural freeholds privately owned have been subdivided into 6,196 subdivisions, the total area being 1,125,678 acres. In addition 710,633 acres of ordinary Crown lands have been opened for selection during the same period. Ten estates have been acquired under the Land for Settlements Act since the 31st March, 1914, aggregating 23,652 acres. No less than 83,800 acres of Native land vested in the Maori Land Boards have been disposed of for closer-settlement purposes.

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As showing the increasing rate of the subdivision by owners of private estates, it will be noted that for the six months ended the 30th September, 1912, there were 369 holdings, subdivided into 657 subdivisions, whereas for the six months ended the 31st March, 1914, 865 original holdings were subdivided into 2,190 lots, of a total area of 252,642 acres. The beneficial result of this progressive policy of subdivision of land is already clearly demonstrated by the very largely increased amount of exports from our country. Income-tax. The receipts for 1913-14 as compared with 1912-13 were as follows :— 1913-14 554^271 1912-13 .. .. .. .. .. .. 462,994 An increase of .. . . .. . . £q\ 277 Of this increase, approximately £50,000 was due to the amendment in the rates chargeable, and the balance, £41,000, to additional income assessed. _ The following figures give the increases in the net assessed income, the yield of income-tax, and the number of taxpayers in the last five years :—

The increase in the number of taxpayers and in the amount of income returned for assessment evidence the growing prosperity of the Dominion. AGRICULTURE. Asjour agricultural industries now yield about 85 per cent, of the total exports it is obvious that the prosperity of the Dominion is intimately connected with the success of the operations of our farmers and of those engaged in preparing farm produce for export. It is therefore satisfactory to record that although the spring was somewhat cold and inclement the farming season was on the whole an excellent one with the result that the output of agricultural products was greater and of higher value than m any previous year. Our principal lines of export-viz., wool, dairy-produce, meat, hemp, hides skins, and tallow—all maintained, and indeed improved, their reputation in overseas markets, and most of them showed a steady increase both in quantity and in value The markets for wool and meat continued very strong and gave no indication of any weakening tendency. There is every probability that the prices for produce will m the future continue to at least equal those of the past season, and we may safely anticipate that the value of our agricultural exports will continue to show a satisfactory increase. There has also been a large increase in the demand for our products in Canada, the United States, and South America, and there is every appearance that this demand will continue and prove of great assistance in the marketing oi our produce. BOARD OF AGRICULTURE AND AGRICULTURAL BANKS As intimated in the Speech of His Excellency, a Board of Agriculture has been duly constituted under the legislation of last session, consisting of practical and experienced agriculturists Amongst the important questions to be referred to the Board for its careful consideration is that of the establishment of a system of agricultural banks, with the object of still further assisting struggling settlers. 0 INDUSTRIAL MATTERS. It is satisfactory to relate that since the industrial disturbances of last year nearly all unions of workers have registered under the Industrial Conciliation and

Year. Net Assessed Income (including Exemptions). Net Assessed Income (without Exemptions). Number of Taxpayers. Tax. 1913-14 1908-9 £ 14,430,779 10,225,346 £ 10,349.179 7,110,466 £ 554,271 321,044 £ 14,277 10,839 Increases 3,238,713 4,205,433 233,227 3,438

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Arbitration Act, and that no occasion has yet arisen to bring the machinery of the Labour Disputes Investigation Act (passed last year) into operation. A short amending Conciliation and Arbitration Bill will be submitted to Parliament during this session for the purpose of remedying some defects in the existing law relating to unions which have taken part in unlawful strikes. Early in the present year a conference of representatives of Harbour Boards was convened by the Prime Minister to consider means of improving the conditions of casual labour in the principal ports of the Dominion. A great deal of consideration has been given to the subject, and as a result of the conference the employers of waterside labour in Wellington have formed an association for the purpose of improving the conditions of employment on the waterfront, whilst the Wellington Harbour Board is also adopting a similar scheme in regard to its employees. The intention of the scheme is to provide employment for about one thousand men on the conditions specified in the existing industrial agreement, the idea being to secure to the lowest paid of the recognized waterside employees an average minimum wage of £2 10s. a week. The new scheme will be brought into operation at an early date, and, if it proves successful, will probably be adopted in other ports in the Dominion. By this means it is hoped that a satisfactory solution of the problem of casual labour on the waterfronts will be found. WORKERS' DWELLINGS. Steady progress has been made during the past year in providing workers' dwellings, not only in the towns, but also in the country districts. Last year the total expenditure under this heading was £42,347, while the current year's programme comprises no less than 205 dwellings, entailing a gross expenditure of approximately £100,000. Rural workers' homes have been established in South Canterbury, and land for this purpose has been acquired in other localities in both the North and South Islands. During the six years prior to the Government taking office 210 workers' dwellings had been erected, at a cost of £146,622. No less than 305 have been built since, at a cost of £161,230. In this respect the Government are doing all they possibly can to keep rents within reasonable limits, and at the same time to provide comfortable homes for both town and country workers. NATIONAL PROVIDENT FUND. There was a substantial increase in the membership of the fund during last year, the number of entrants at the 31st December being 5,785, as compared with 2,660 at the end of the previous year. The total number of applications for enrolment received at the end of the financial year —31st March, 1914—had reached 7,538, and the funds in hand amounted to £35,000. During the year maternity benefits amounting to £600 were paid, while at the end of the financial year the amount claimed by contributors on account of this allowance totalled, since the fund's inception, £1,055. It is satisfactory to note that the expense ratio dropped to 19 per cent, in 1913 from 28 per cent, in 1912, and 56 per cent, in the first year. The results achieved by means of the lecturing policy inaugurated by the Board should be gratifying to those who desire to see young people make provision for old age, and the figures indicate that large numbers are ready to exercise the necessary thrift in order to secure independent annuities. A satisfactory feature of the fund's operations is the support granted to the official lecturers by employers. The assistance rendered by those employers who have agreed to collect the contributions from their employees is of the greatest value in furthering the objects of the Act. An amending Bill will be introduced this session enabling local bodies to join the fund and thus confer upon their employees the benefit of a national superannuation fund. The amending Bill will also contain a provision which will enable trade and industrial unions, by resolution, to enter into the fund, and will materially improve the conditions of married women contributors. PENSIONS. During the year a considerable increase has taken place in the number of pensioners on the roll, the figures at the 31st March were as follows : Old-age, 18,050 ; widows', 1,540 ; military, 1,240 : total, 20,830. These numbers represent an increase as compared with the figures of the previous year of —Old-age, 1,541 ;

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widows , 227 ; and military, 672. This increase is principally due to the amendments embodied in the consolidating Act of last session, the more important of which were the lowering of the old-age pension age for women to sixty years and the removal of the income and property qualifications for the military pension. The gross payments during the year were as follow :— Gross Payments. £ Old-age •- •• •■ ..... .. 416,774 Widows' .... . . . . . , 27 077 Military . . . . . . . . . _ .29 447 Totals . . .. .. .. £473,298 I must explain in connection with these figures that the greater portion of the new pensioners were admitted to the roll in the second half of the year. No less than 1,160 women between the ages of sixty and sixty-five and 604 veterans of the Maori War were granted pensions subsequent to the passing of last Year's Act on the 11th October, 1913. It was estimated, in 1913 that the additional cost consequent upon the amendments of last session would approximate £100,000, and it is anticipated that this estimate will yet be reached. The new pensions granted during the year were as follow, the figures of the previous year being shown by way of comparison : — 1913-14. 1912-13. Old-age .. .. .. .. 3,320 2,072 Widows' . . . . .. 421 657 Military .. . . .. .. 747 577 The Pensions Act will be further amended this session. Under the existing law the pensions payable to the children of widows is limited to four children in one family. It is proposed that in future the pension shall be paid in respect of each and every child under the age of fourteen years. Residents of the Cook Islands who are at present excluded from the benefits of the Military Pensions Act are in future to be admitted to the benefits of that Act. Pensioners who may leave the Dominion temporarily are at present debarred by law from drawing the pension which has accrued during their absence. This anomaly will be remedied. British women who have, under the existing law, lost their nationality by reason of marriage with aliens are to be included within the benefits of the Act. A further amendment will allow a woman whose husband is an inmate of a mental hospital toSqualify for a widow's pension. It has long been felt that provision should be made to improve the condition of miners who have been incapacitated from earning a livelihood on account of the disease known as miners' phthisis. A Bill will be introduced this session which, it is hoped, will give adequate relief to these sufferers, who are not only debarred from earning a living, but have to bear the burden of the expense of constant medical attention. It is the ultimate object of the Government to abandon the present method which penalizes thrifty and deserving persons by excluding them from the benefits of the Act on account of their possessing a home. This will entail considerable cost. In the meantime, the amending Bill of this session will make provision for continuing the full pension to the surviving married partner in cases when the value of property left by the deceased would have had the effect of decreasing or completely extinguishing the pension. Other important reforms such as invalids' pensions and pensions for the blind are receiving the earnest consideration of the Government, and the necessary legislation dealing with these reforms will be submitted as soon as circumstances permit. The agreement relating to reciprocity in the matter of old-age pensions entered into by the Prime Minister of the Commonwealth and the Minister of Pensions for New Zealand was ratified during the year by the passing of the Old-age Pensions Reciprocity Act on the 28th August, 1913. The Commonwealth Government has not passed a similar measure, consequently the New Zealand Act remains inoperative in the meantime.

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SHIPPING AND SEAMEN AMENDMENT ACTS. Regulations have been made under the Shipping and Seamen Amendment Act, 1909, providing that foreign-going and intercolonial steamships registered in New Zealand, and home-trade steamships authorized to carry 150 passengers and upwards at sea, are to be equipped with wireless-telegraph apparatus. The Shipping and Seamen Amendment Act, 1913, having been assented to by His Majesty, was brought into force by Proclamation on the ist May, 1914. This Act deals with the following matters : The manning of vessels ; engagement and discharge of seamen ; the appointment of Inspectors of Seamen, who will be required to keep registers of seamen and apprentices desiring employment on ships and to supply them to ships ; the fixing of restricted limits for sailing-vessels ; for making regulations as to the equipment of scows and all sailing-ships; for classifying vessels for the carrying of deck cargo ; and for making regulations to govern the use of surf-boats working from beaches, &c. Regulations dealing with the four last-mentioned subjects are now being prepared. Training-ships. An arrangement has been entered into with the Union Steamship Company whereby some of the best boys from the Training-ship " Amokura " are to be regularly taken by the Union Steamship Company on the s.s. " Aparima " and trained as officers without payment of premium. The boys are selected by merit, and four per annum will thus find an excellent opportunity for advancement in the mercantile marine. Lighthouses. The question of the establishment of a lighthouse on the Three Kings is still under consideration. Information is being obtained relative to a proposal that a wireless apparatus should be installed on the Big King to indicate to vessels carrying a wireless compass the position of the ship. The tower for a new light on Karori Rock, in Cook Strait, is in course of erection for which an acetone-acetylene light will be provided. An automatic acetone-acetylene light is also being provided on Channel Island, at the southern entrance to the Hauraki Gulf, and it is proposed to erect a light on Flat Rock in the gulf itself. Automatic lights will be provided at Nelson and Ponui Passage Lighthouses. Eight lighthouses at present using oilburners are to be provided with incandescent lights, and the necessary apparatus has been obtained. Fisheries. In April last Professor Edward E. Prince, the Canadian Commissioner of Fisheries, arrived in New Zealand to examine and report on our fisheries. He has just concluded a comprehensive examination of the New Zealand fisheries, and his report will be laid before Parliament as soon as it is available. The necessary legislation giving effect to Professor Prince's recommendations will be introduced, if possible, this session. CUSTOMS DEPARTMENT. It is worthy of note that the Customs revenue collected during the year ended the 31st March, 1914, was £3,426,744, being an increase of £19,206 over the previous year and £176,744 over the estimate. A comparison of the values of imports and exports for the calendar years 1912 and 1913 reads as under : — 1912. 1913. Imports, calendar year, excluding £ £ specie .. .. .. 20,576,579 21,653,632 Specie .. .. .. 399,995 634,670 Exports, calendar year, excluding specie .. .. .. 21,510,132 22,810,363 Specie .. .. .. 258,955 176,359 The ratio of imports to exports remains about the same, but the value of the exports for 1913 is the highest recorded, the nearest approach to last year's figures being in 1910, when the total was £22,152,473 and specie £27,736. MINING. The labour troubles during last year seriously affected the coal-mining industry, for the output of coal shows a decrease of 289,610 tons as compared with the output for year.

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The gold-mining industry was not greatly affected by these troubles, and the returns for the year show an increase in value of the output of gold and silver of £133,495 over that of the previous year. The total value of all mineral production for the year was £3,178,798, being an increase of £136,574 over last year's production. These facts show that the mining industry is on a firm footing, and there is every reason to anticipate that so long as industrial peace is assured the present prosperous conditions will continue. State Coal-mines. Operations in the State coal-mines were carried on as usual during the year, except that, for about three months, work was at a standstill on account of the industrial unrest then prevalent throughout the Dominion. A statement of the financial position shows a debit balance in Profit and Loss Account of £23,307, with a sinking fund of £13,200, and a Reserve Fund of £5,884. The actual deficiency is therefore £4,223. The Seddonville Colliery has been closed. The account shows a loss of £27,143, against which there are assets valued at £4,037. The Briquette Account shows a loss of £10,756, with assets valued at £2,003. IRON AND STEEL INDUSTRY. The proposals submitted by various persons interested in the development of the Dominion's iron resources, after examination by a committee of experts, were carefully considered during the recess. As a result it is intended to submit a measure for the consideration of honourable members, which if passed into law will encourage the establishment of this important industry in the Dominion. STATE FIRE INSURANCE OFFICE. The State Fire Insurance Office business for the year has been the largest and most profitable in the life of the Office. The net income for 1913 amounted to £61,281, as against £56,315 for 1912, showing an increase of £4,966. The net premium income showed an increase of £5,037. The net profits amounted to £15,444, as compared with £14,024 for 1912. The reserve funds stood at the close of the year at £65,672, as against £48,213 for the previous year. MENTAL HOSPITALS. The gross expenditure for the year on mental hospitals amounted to £160,096, and the net expenditure to £112,044. The receipts for maintenance, sales of produce, &c, totalled £47,015. The increase in expenditure, £11,593, is accounted for by the increase in the number of patients and work in connection with the development of the new mental-hospital estate at Tokanui. PUBLIC HEALTH. While the expenditure during the past financial year in connection with the outbreak of smallpox amounted to £24,185, the measures taken were successful in preventing the epidemic from spreading and assuming virulent characteristics. It is expected that a further appropriation of £6,000 will be sufficient to cover the amount paid during the current year, to meet outstanding liabilities, and to provide for a continuance of the precautionary measures adopted. The expenditure on new buildings is considerable, but it is important to note that the larger hospitals are now being gradually replaced by structures of a more permanent character. The appointment of nurses for work amongst the Maoris continues to produce good results. Further provision will be made for medical and nursing aid to Maoris, especially in out-of-the-way districts. This will entail increased expenditure, which, however, the Government believes to be justifiable, as it will lessen the [risk of the decimation of the Native race by preventible disease. It is found necessary to improve and increase the accommodation at f the St. Helens Hospitals, and new buildings will be erected at Auckland and Christchurch.

iv—B. 6.

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LAND REVENUE. The gross land revenue received during the year amounted to £1,066,496, collected under the following headings :— £ Cash sales and purchase of freeholds .. .. 200,608 Deferred-payment instalments .. . . .. 11,094 Perpetual-lease rents .. .. .. .. 2,155 Occupation-with-right-of-purchase rents .. .. 99,698 Lease-in-perpetuity rents .. .. .. .. 234,014 Renewable-lease rents .. .. .. .. 121,640 Small-grazing-run rents .. .. .. .. 84,352 Pastoral-run rents .. .. .. .. 79,827 Education and other endowments .. .. .. 106,634 Other leases and licenses and miscellaneous receipts .. 126,474 Total .. .. .. £1,066,496 SETTLEMENT OF CROWN LANDS. Satisfactory progress was made during the year in placing Crown lands in the market. The area offered to the public amounted to 474,586 acres, the number of selectors was 2,051, and the area selected 500,396 acres, being an average of 244 acres to each holding. The Lands and Survey Department is vigorously pushing on the subdivision of land for settlement. The area under survey at the end of the year totalled 778,500 acres. During the present year it is estimated that 790,000 acres will be opened for selection. At the close of the year there were 29,790 Crown tenants, occupying 19,601,151 acres and paying an annual rental of £741,404. FREEHOLD. The Land Act of last year extended the privilege of acquiring the freehold to tenants holding leases in perpetuity under the Land for Settlements Act, perpetual leases under sections 161, 163, or 167 of the Land Act, 1885, small grazing-runs on ordinary Crown land and settlement land, and Hauraki pastoral licenses. During the past year 549 persons purchased 99,127 acres under the Land Acts of 1912 and 1913, paying therefor the sum of £108,205. This amount, after deducting loan repayments and contributions to local bodies for road-construction and maintenance, was credited to the Land for Settlements Account. In addition to the above there were at the end of the financial year 221 tenants who had converted their leases to deferred payment, and are acquiring the freehold by this method. The area covered was 32,467 acres, and the amount received by way of instalments during the year was £8,336. NATIONAL ENDOWMENT. At the close of the year the area within the endowment was 8,607,000 acres, of which 6,525,034 acres are occupied at an annual rental of £99,600. The gross amount collected during the year was £103,271, from which a sum of £15,007 was deducted for payment to local authorities by way of loan repayments, thirds, fourths, and halves, as provided under the Land Act, leaving a balance of £88,264, which will be distributed in accordance with the statutory provisions governing the endowment. KAURI-GUM RESERVES. The policy outlined in my previous Statement is being continued, and a Commission has recently been engaged upon the work of inspecting and classifying the reserves for the purpose of recommending the lands that can be immediately prepared for settlement without prejudicing the kauri-gum industry. An important recommendation of the Commission in regard to land-settlement is that an area of 71,000 acres out of the 228,000 acres covered by the kauri-gum reservations should be immediately made available for settlement. The land is adapted for fruit and other culture, and the necessary steps will be taken as early as possible to give effect to the recommendations of the Commission.

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DEVELOPMENT OF THE FRUITGROWING INDUSTRY. Recognizing the possibilities of the fruitgrowing industry and in view of the fact that good markets have become available for New Zealand fruit, the Government is making special arrangements for offering certain lands in the vicinity of Clyde and Alexandra for settlement for fruit-farming purposes. Sufficient areas for settling about seventy families will be offered before next planting season, and land sufficient for another seventy families should be ready for the 1916 season. If certain legislation which will be brought forward this session is approved, it is anticipated that a still further area capable of settling about a hundred and thirty families will also be ready for occupation for the 1916 season. The construction of the water-races necessary for the proper irrigation of these lands will be pushed on as fast as possible. Close attention is being given to this very important question in other parts of the South Island. In the northern districts of the Dominion surveys are being made, under section 20 of the Land Laws Amendment Act, 1912, with a view of providing allotments for occupation by gum-diggers and others who may wish to make homes for themselves on the gumfields and eventually take up fruit-farming as a means of livelihood. About thirty-three lots will be opened shortly, and later on these will be supplemented by further areas in localities where the demand is greatest. This work has been considered of such importance that a specially experienced officer has been detailed to undertake its supervision. STATE ASSISTANCE TO TREE-PLANTING BY FARMERS. For some time past the Government has desired to encourage farmers to plant portions of their holdings with suitable trees, and with this object section 23 of the Land Laws Amendment Act, 1913, was passed, providing that Crown lessees should be entitled to a reduction of rent if they planted suitable trees on their holdings. The Government hopes this year to inaugurate a scheme providing for the sale to farmers, at cost price, of forest-tree plants grown at State nurseries, on condition that the planting is done under Government supervision. LAND FOR SETTLEMENTS. During the year 141,327 acres, valued at £560,497, were purchased and offered for settlement. For suitable lands for dairying and grazing, values are, if anything, firmer, and it is becoming more difficult each year to secure this class of land at a reasonable price. There is still an unsatisfied demand for land of this description. LAND SETTLEMENT FINANCE ACT. Four associations were formed during the year, comprising an area of 4,182 acres, valued at £58,830, and a membership of twenty-seven. NATIVE-LAND SETTLEMENT. As much activity as possible has been displayed in the purchase of Native lands during the past year, but owing to the epidemic of smallpox the Public Health Department stopped, in several districts, all meetings of the Native Land Board and Native Land Courts, and meetings of assembled owners were not allowed to be held. This accounts for the total of the business transacted being a little less than last year. Had it not been for the epidemic the transactions would have constituted a record. COOK ISLANDS. His Excellency the Governor, accompanied by the Minister in Charge of the Cook Islands Administration, recently paid a visit to the Islands. The education of Native children, for which nothing has been done by the Government of New Zealand, is being arranged for, and Parliament will be asked to make suitable provision on this year's estimates. It is proposed to establish three schools on the Island of Rarotonga, one of which will be a

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training-school to prepare teachers for the outlying islands. Schools will also be opened at the Islands of Aitutaki and Mangaia, and later on it is hoped to extend the system to other islands of the Group. The individualization of land titles is a matter which is essential, and this will be expedited during the current year. The health of the people is receiving careful attention, and during the year an additional trained nurse was appointed to the hospital at Rarotonga. Inspection of fruit and orchards has received every consideration, and an additional Inspector has been appointed, so that fruit from the outlying islands may be carefully inspected before shipment. An experimental orchard is well under way, and it is hoped that the planters, both Native and European, may reap great advantage from its operations. The laws of the Islands are under revision by the Solicitor-General and will be the subject of a Bill to be introduced later in the session. INSURANCE OF PUBLIC BUILDINGS. The special sinking fund established by the Government to cover losses by fire, which were previously met out of loan-moneys, is invested with the Public Trustee, and now stands at £19,767. Claims on the fund totalling £1,011 have been paid on account of the Gore and Huntly Post-office buildings which were damaged by fire. This fund was established for the purpose of covering all fire losses of the Government with the exception of losses on school buildings, which are met by proportionate contributions from the Consolidated Fund and from Education Boards. RAILWAY-CONSTRUCTION. As soon as the flotation of the loan of last year was assured railway-construc-tion throughout the country was prosecuted vigorously, and by the end of the financial year the amount expended approximated the total of the previous year. The expenditure amounted to £606,448 for new lines and £498,448 for additions to open lines—a total of £1,104,896 for railway-construction during the twelve months. No time has been lost in commencing construction-work on some of the new branch lines authorized by Parliament in 1912, and contracts have already been let for works on the first sections of five out of six new lines included in that year's Authorization Bill. A vigorous construction policy will be maintained during the current year, and proposals to provide the necessary funds will be submitted to Parliament. ROADS AND BRIDGES. The expenditure on roads and bridges from all funds during the year by grant and subsidy, on the same system as has prevailed for many years past, amounted to £496,291. DEVELOPMENT OF WATER-POWER. The scheme undertaken by the Government at Lake Coleridge for the development of electrical energy up to 10,000 horse-power is now approaching completion, and it is anticipated that the power will be available in the City of Christchurch within the next two or three months. Contracts for the supply of power in wholesale quantities have been arranged with the City Corporation, and other public bodies outside the city boundaries. Feeder lines are being extended towards Lyttelton and in a southerly direction from Christchurch. A large demand for the power is anticipated, and it is probable that an addition to the generating plant now installed will shortly be required. Investigations and surveys in regard to other likely sources of power within the Dominion are being made by the Government's experts. Requests have been made to the Government from time to time by local bodies for the right to utilize for local purposes the water-power which is at present

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unharnessed. It is felt that when such requests come from a local body they should, if possible, be complied with, and that the State should offer every encouragement to those local bodies who are anxious to promote the advancement of their own districts. Every possible care will be taken, however, to safeguard the interests of the State in such cases. IRRIGATION. Steady progress has been made with the practical development of the scheme to irrigate a large area of fertile land in the Ida Valley, Central Otago, by means of water conserved in the Manorburn and Poolburn Valleys. The completion of the scheme has been somewhat delayed, chiefly owing to the rigorous winter climate in the locality where the heaviest works are being carried out. Surveys of another scheme to bring water from the Manuherikia River for the irrigation of suitable areas near Alexandra and Clyde, and on the Dunstan Flat, have been completed, and tenders are being invited for the construction of the main race to serve these localities. The expenditure under this heading during the past financial year amounted to £33,602. NAVAL EXPENDITURE. Some final payments bring the cost of the battleship " New Zealand " presented to the Imperial Navy to £1,708,341, against which there is now a sinkingfund in the hands of the Public Trustee amounting to £173,449. In accordance with the provisions of the Naval Defence Act, 1913, a transfer to the New Zealand Naval Forces of H.M.S. "Philomel" was accepted on the 15th July last. Captain Hall-Thompson of the Royal Navy was appointed by the Admiralty to command and to act as Adviser to the New Zealand Government on Naval matters. The " Philomel " will be used as a sea-going ship for the training of personnel, which, in case of war or outbreak of hostilities, will pass by section 19 of the Naval Defence Act under the control of the Government of Great Britain. The preparation of the necessary regulations for the enrolment of men to undergo training will take some time, but much has already been done, and it is expected that the scheme will be in full operation shortly. Regulations are also in course of preparation for the estabhshment of the New Zealand Royal Naval Reserve. In view of a Naval Conference being held in 1915 the Government considers it advisable to await the decision of the Conference before submitting any further proposals to Parliament. DEFENCE. From the annual Defence Report, which has already been submitted for the consideration of honourable members, it will be seen that the scheme of universal training adopted by this Dominion is proving far more satisfactory than was anticipated, even.by its most sanguine advocates. An excellent feeling generally prevails throughout the Force, and the rapid growth of the regimental spirit has produced a good-fellowship between all ranks, the undoubted tendency of which is to establish a better understanding between individuals, and a resultant improvement in their civil relations. The present system, based as it is on the fundamental principle that it is the duty of every citizen to take his share in the defence of his country, does not press on any one section of the community, but touches all classes, and every effort is made to carry it out with the minimum of inconvenience to both the employer and the employed. The Government has pleasure in acknowledging the ready support accorded by employers and the cheerful acceptance by the men of the citizen army of their responsibilities in connection with the scheme. The importance of possessing a force trained, officered, and fit to take the field on an emergency cannot be overestimated. In New Zealand we have not been slow to recognize that soldiers cannot be made efficient and units cannot be properly organized without concerted training, nor can it be expected that these results are

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attainable without the assistance of qualified officers and non-commissioned officers who, owing to their past training, are possessed of the necessary practical experience to enable them to act as Instructors to our citizen Force. The visit paid by the Inspector-General of the Overseas Forces with his expert staff will, I am confident, prove of the greatest value, and Sir lan Hamilton's able report following his complete inspection of the various units will help us very materially in the introduction of further improvements and economies. Annual Training-camps. The percentage of attendance at the divisional camps recently held throughout the Dominion was exceptionally good, and an excellent opportunity was afforded of testing the organization of the higher branches of the service and the cohesion of the different units. The satisfactory results of these camps, despite the disadvantage of bad weather, are a striking tribute to the success attained by the General Officer Commanding, and his staff, in the training of the officers, non-commissioned officers, and men of the Territorial Force. Finance. The expenditure out of revenue on account of defence amounted to £488,570, or £25,177 less than the estimated requirements, and showing a saving of £16,697 on the expenditure of the previous year. Steps have already been taken to reorganize what may be termed the Civil administrative side of the Defence Department on the lines advocated by the Inspector-General of the Overseas Forces. Rifle Clubs. During the past year several concessions have been granted to the members of Rifle Clubs, the majority of whom are able-bodied citizens with some previous military training, who should prove a valuable additional line of defence when acting in support of the Territorial Force. Senior Cadets. The Government is extremely gratified at the enthusiasm and efficiency displayed by the junior branch of the service, upon which it is recognized the future success of the Territorial Force to a very large extent depends. The moral and physical advantages of the training and discipline to which the Senior Cadets are subjected are already apparent. I would particularly direct attention to the special references to the Cadets contained in the Inspector-General's report. EDUCATION. The increased expenditure on education to be provided for this year is due in the first instance to the increase of population and to the consequent expansion of all branches of the work of the Department —more particularly in respect to primary, secondary, and technical education. In addition to this, the changes introduced last year by legislation and by Order in Council for the improvement of the staffs and salaries in public schools will require about £29,000, and the cost of the increased facilities for free university education must be added to this. Under the first of these heads were included the raising of the annual increment of salary from £5 to £10, of the minimum salary of certificated teachers from £90 to £100, and the further postponement of the effect of a fall in the grade of a school upon the salary of the teacher ; the substitution of assistants for pupil-teachers, which was brought forward another stage ; the raising of the salaries of the lower grades of assistants in normal schools and in the secondary departments of district high schools ; and an increase of the allowances to probationers. The Education Bill, which is already under consideration of Parliament, embodies a fairly complete remodelling of the Acts relating to education, the law in regard to which had become unduly complicated by reason of the large number of amending measures that have been passed introducing amendment upon amendment. The development of the University and its constituent colleges has been very rapid of recent years, and the time seems to have arrived when the original con-

8.—6

XXXI

stitution should be modified by giving a larger voice than hitherto to the professors, who are in reality the persons chiefly responsible for the maintenance of a high standard of academic work. A Bill having this object in view will shortly be introduced for the consideration of honourable members. When the Act of last session and the proposals in the Bill already submitted to Parliament are in full operation the increases will amount under the former to £41,000, and under the latter to £62,000—a total of £103,000. A further increase of £47,000 will have to be provided when the powers of the Act of 1908 regarding regulations for increases of staff are fully availed of, making a grand total of £150,000. Special Schools. It was announced in the last Financial Statement that works were to be set in hand at Otekaike immediately to enable girls to be received there for the present, and at the same time to increase the limited accommodation for boys. Unexpected difficulties have, however, been encountered with regard to the clearing of the site for the new buildings ; but these have now been overcome, and it is anticipated that the erection of the additional cottage homes required will be commenced almost at once, and that some, if not all, of the buildings will be available for occupation at the beginning of next year. Medical Inspection and Physical Education. The work of the Medical Inspectors was, unfortunately, interrupted for a part of the year by the urgent necessity of diverting their services for some months to the task of stamping out the epidemic of smallpox, which seriously threatened the children attending Native schools in the North Island. Although the number of Medical Inspectors at present employed is insufficient to completely carry out the plan the Department has set before it, enough has been done to show the great value to the Dominion of the medical inspection of schools and school-children. The number of schools visited during the year was 333 ; the number of children examined was 12,307. Courses of lectures on medical inspection and school hygiene were also given to teachers and to students in the training colleges. Most of the defects discovered could be cured by medical or dental treatment, wh : ch it is generally within the power of parents to secure. Many of them, it may safely be said, will be cured, in some cases altogether prevented, by the spread of sound physical education. Good progress has been made in the establishment of the new system of physical training in schools. The result of the work up to date (July, 1914) is that over 2,200 teachers have been trained ; the system has been introduced into 1,172 schools, and the work in 531 of these schools has been inspected. The system is now in operation amongst 80,000 children. The actual expenditure to the 31st March last was £8,092, or about £2,860 below the estimate. TOURIST AND HEALTH RESORTS. In spite of the smallpox epidemic and the consequent check to both local and Australian tourist traffic during the early part of the season, it is satisfctory to note that the revenue derived by the Tourist Department showed a small increase over the previous year. A new and thoroughly equipped hostel has been erected at Mount Cook, greatly increasing the accommodation, and it is anticipated that there will be a corresponding increase of traffic at this resort in consequence. It is intended this year to make extensive additions to the hostel at Waitomo Caves. The present accommodation has proved inadequate to meet the increasing popularity of this resort. The Rotorua bath-buildings have been equipped with thoroughly up-to-date medical apparatusjfpurchased by the Balneologist, who recently visited English and Continental spas for the purpose of studying advanced methods of treatment. The system of booking tourists throughout New Zealand has proved most successful, and the year just passed shows a substantial increase in the business,

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XXXII

done. Tours to the value of £44,251 were booked at the Department's bureaux during the year, as against £37,622 for the previous year. The Government has decided to pursue a vigorous policy of advertising the scenic attractions of New Zealand in Australia. A comprehensive selection of views and sporting trophies will also be shown at the San Francisco Exhibition. SPECIAL PROVISION FOR ROADING. Owing to the keen demand for our products and the increase of settlement in almost every part of New Zealand, as well as the fact that for the last few years settlement has gone ahead of roading, the Government has decided to ask Parliament for authority to raise one million pounds, the expenditure to be spread over three years, and the money to be used for the formation and metalling of roads in those districts where roading is most urgently required. It is proposed that the expenditure shall be under the control of the Public Works Department, or that authority shall be issued to the local body of the district when such local body is willing and capable of carrying out the undertaking successfully. The prosperity of the Dominion depends almost entirely upon its primary industries, and if the people engaged in these industries are not to be handicapped in their operations they must be provided with adequate means of transit. The approximate value of our exports for the year ended the 30th June last was £24,960,468, an increase over the previous year of £1,389,477, and if this rate of increase is to be maintained our settlers must be given the necessary facilities. LOAN FOR PUBLIC WORKS. At the beginning of the year £1,406,212 was available for public works, but returns furnished to the Treasury showed liabilities amounting to £992,098, this leaves a balance of £414,114, to which is to be added £350,000, which I propose to transfer from the Consolidated Fund. It is therefore clear that the Public Works Fund will require to be augmented during the year, and, in conformity with the previously announced intention of the Government to pursue a policy of progressive development of the Dominion's resources, authority will be sought to raise a public-works loan amounting to £2,000,000. CUSTOMS REFORM. It was the intention of the Government to have undertaken a partial revision of the Customs tariff this session, but the grave crisis which now threatens the trade and commerce of the civilized world make it imperative that nothing should be done this year to aggravate the troubles which are already disturbing our commerce. It must, however, be recognized that tariff reform is day by day becoming more urgently necessary, and the Government regrets that the industrial disturbance of last year prevented consideration of this important matter and that the existing European crisis makes it impossible for them to carry out their policy in regard to Customs reform this session. The plea for tariff revision to-day is largely based upon the enormous aggregation of unavoidable anomalies which have been created by the tariff resolutions of 1907. Modern science and invention have brought into use machinery and articles of manufacture entirely unprovided-for in the tariff of 1907. A striking instance of this is shown in road-rollers and road-grading machines, which are not made in New Zealand. No provision is contained in the tariff for easing the burden which local bodies have to pay in the shape of 20 per cent, duty, whereas such machines, which make for the maintenance and improvement of our roads, should be placed upon the free list. Machinery peculiarly adapted to the manufacture of boots and shoes, hats, confectionery, leather, &c, was omitted from the free list in 1907, whereas engineers, stoneworkers, and woodworkers import the machines peculiar to their industries free of duty. Innumerable instances may be cited where revision

B. -6.

XXXIII

is necessary, and the Government proposes to introduce legislation next year which will adjust the existing anomalies, and will, so far as the tariff can do it, make the conditions of life easier. Proposals will also be submitted with a view to preventing the " dumping " into New Zealand of certain goods controlled and sold by foreign trusts and combines, and legislation to protect local manufacturers and the public generally against unfair competition will require to be of a very drastic character. GOVERNMENT CONTRIBUTION TO LOCAL WORKS. I am confident that the House will support the Government in its effort by legislation to institute a control, independent of the Government and of party, of moneys provided from the Consolidated Fund and the Public Works Fund in aid of local government and local works. It is necessary to distinguish between subsidies and grants. Subsidies are provided from the Consolidated Fund in aid of the ordinary revenue of local authorities, and constitute the annual contribution by the State to the cost of local government. The Municipal Councils alone at present have their subsidies determined by a permanent Act, and hold a statutory appropriation. The other local authorities which at present receive subsidy—namely, counties, Road Boards, and Town Boards— have the annual contribution of the country determined each year in the Appropriation Act. The Government proposes to establish all subsidies at the present rate by statutory appropriation, and to provide a further sum equal to one-fourth of the total subsidies, and place that sum annually in the hands of an independent Board for allocation among the districts which, for particular reasons, require special assistance from the State. Grants from the Public Works Fund are at present made to provide, either wholly or in part, the cost of local works the construction of which the Government of the day thinks it desirable to encourage, provision being made by annual appropriation in accord with the Public Works Statement of the year. The Government intends to establish an impartial and absolutely non-political system for the apportionment of that part of the Public Works Fund which is available in any year for aid to local works ; and, while I recognize the gravity and far-reaching effect of such a change, I believe it will have the approval of Parliament and of the country. A further large provision for the relief of local finances is proposed in that part of the Local Grants and Subsidies Bill which directs the ascertainment by the same impartial and non-political Board of what are, and what are not, main arterial roads of the Dominion, and to what extent the Government funds should be applied to the construction and maintenance of such roads in relief, wholly or in part, of the funds of the local authorities. In this case the ascertainment by the Board is required to be submitted for the approval of the House before it is finally adopted. But practically the settlement of this long-vexed question is now made possible. The principle to be established is that, while the roads of a district must be provided and maintained by that district from its own funds, except so far as they are aided by subsidies or grants, the maintenance of the main arterial roads, which serve the purposes of the people of the Dominion, and not merely of the people of the locality, should be the function largely of the Dominion, and not of the locality. The intention of the Government is to establish a definite rule that works which are of special interest and advantage to a locality should be provided by that locality, while works such as arterial roads, which are of far more than local interest or advantage, should be one of the burdens on the Dominion finances. The effect upon the annual finance of local authorities will be practically the same as a large increase of the annual subsidies ; but I believe that the principle which I have outlined is just, and that' by the country taking over for the first time its full share of the burden of the main roads of the Dominion the local authorities will be enabled in future, out of their ordinary finances, to make more ample provision for 1 ocal needs.

v--B. 6.

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XXXIV

ESTIMATES OF REVENUE, 1914-15. It is estimated that the revenue for 1914-15 will be £12,488,370, made up as follows: — £ Customs 3,300,000 Railways ■• 4,250,000 Stamps 1,200,200 Post and Telegraph .. .. .. ..1,345,000 Land-tax .. .. • 795,000 Income-tax .. •• •• •• •• 565,000 Beer duty •• •• 125,000 Registration and other fees .. .. •• 101,700 Marine .. •• •■ •• •■ 52,300 Miscellaneous .. .. .. •• •• 455,400 Territorial revenue .. . . • • • • 220,000 National-endowment revenue .. .. .. 78,770 £12,488,370 FINANCE, 1914-15. The surplus on the 31st March, 1914, was £426,905, out of which it is proposed to set aside £10,000 for the purpose of forming a nucleus of a fund for the building of a new steamer to replace the s.s. " Hinemoa," which is not suitable for present requirements. So far as the Consolidated Fund is concerned the year's finance may be summed up as follows : — £ Surplus, 31st March, 1914 .... .... .... 426,905 Estimated revenue, 1914-15 .... .... .... 12,488,370 12,915,275 Estimated expenditure .... .... ••■• 12,466,469 448,806 Transfer to Public Works .... .... ... 350,000 Balance available for supplementary estimates .... £98,806 CONCLUSION. The foregoing statement of the position of the Dominion and of the proposals of the Government with regard to the future will clearly show that the general prosperity which we have enjoyed for some years past still continues, and that it is the earnest desire of the Government to promote this prosperity to the best of its ability. No effort has been spared in furthering the industrial welfare and the commercial advancement of the Dominion, and I can see no unfavourable signs within the Dominion at the present time which are likely to mar the prospects for the immediate future. New markets for our produce have been developed, and our exports have touched a point which has never before been reached in the history of the country. The Dominion is also, lam happy to say, enjoying industrial peace, and there is at the present time no cloud upon the horizon which is likely to disturb the industrial and social conditions in the community. Should this happy state of affairs continue, I fully anticipate that the present year will prove to be one of unexampled prosperity. There are before us still some delicate financial transactions to complete m order to meet maturing loans in London, but, unless some unforeseen contingencies should arise which would unfavourably affect the money-market, I fully anticipate that the high standing of the country will enable us to negotiate the necessary loans on favourable terms. It has been the avowed pohcy of the Government to accelerate settlement and to promote the welfare and happiness of our people, and, by proper attention to the health and early training of the young, to encourage the growth of a vigorous

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XXXV

and resourceful national character ; and it is the earnest hope of the Government that the policy which has been pursued, and the continuation of which is outlined in His Excellency's Speech and in this Budget, will tend not only towards the development of the country and the increase of its commercial prosperity, but will also contribute to the health, happiness, and welfare of its inhabitants.

Return of Subdivisions of Rural Freeholds in New Zealand.

Summary of Subdivisions of Rural Land and Land made available for Closer Settlement during the Period of Two Years and a Quarter, commencing 31st March, 1912, and ending 30th June, 1914.

Subd livision b; holders y FreeSubdivision under the Land Settlements Finance Aot. Subdivision Land for Se Act under the ttlements Ti ifcal Subi livision. Frotn To i. g rt a •3 1-3 & > m IS! ■s u «5 .2 San 3.2 at! 11 U to Og ■U Q fl © CO I'll fl 2 < °13& ,§.9.S ° I I Acres. 148,971 251,598 163,409 252,642 3 9 4 ! 31/3/12-30/9/12 30/9/12-31/3/13 31/3/13-30/9/13 1/10/13 - 31/3/14 369 468 426 865 657 1,324 1,009 2,190 Acres. 23 i 2,841 78 10,887 28 I 4,182i 12 153 7 94 6 81 14 156 Acres. 35,581 92,499 9,043 125,060 ;res. ,581 ,499 ,043 ,060 1 384 9 484 3 436 D 879 833 1,496 1,118 j2,346 Acres. 187,393 354,984 176,634 377,702 Total a ,128 5,180 816,620 ! 16 129 Jl7,910 39 484 I 262,183 2,183 5,793 1,096,713 Note.—A complete o and ending 30th June, 191 that 131 original holdings fficial n i, is not have bee scord of available :n subdiv: subdivision of frei i owing to the dela; ided and 389 subdi' :hold land by freeholders durii i in registration of all sales, bu visions (totalling 28,044 acres) ig the peril t advices ti disposed oi >d comm ) hand d' iencing 1; uring thi st April, 1914, is period show

Subdivision by Freeholders, Subdivision ui Land Settle Finance i nder the iments Act. Subdivision under the Land for Settlements Aot. Total Subdivision. From To -Ha--Oh w O g"S i£° IS §< r§ 0 W Hi <u <D u to 5 & 00 i3 HH HH 02 ° —• in ° u « M h .2 S a n S 2 fl'S fl H -£ fl rrj SOW =2 Z, W a 3 cS 03 u o__ i u 03 l oi fl 1 o 5 i o 8'3 11 H ffl c5 CD tH Or- CO" O g CH 03 CO sh .3 o fl fl to m ii OI SH Acres 'Vctgs * I Acrss 1/4/12-31/3/14 ... 2,128 5,180 816,620 16 129 17,910 39 484 262,183 2,183 5,793 1/4/14-30/6/14 ... 131 389 28,044 2 14 921 133 403 2,259 5,569 844,664 18 1 43 18,831 3 9 484 262,183 2,316 6,196 Acres. 1,096,713 28,965 1,125,678 Ordinary Crown land opened for selection during two years and a quarter, ending 30th June, 1914 Native land vested in the Maori Land Boards disposed of for closer settlement during the two years ending 31st March, 1914 ... Ten estates acquired under the Land for Settlements Act, nine of which have been acquired since 31st March, 1914, and are being prepared for subdivision 710,633 83,800 23,652 Grand total made available for closer settlement ... ... ... Acres: 1,943,763 Note. —Subdivisions of Native land not vested in the Maori Land Board, but disposed of by way of sale or lease ar< in the above return. 3 not included

8.—6.

POSTSCEIPT.

The Statement I have just read was in print before the Empire became involved in war with all its terrible consequences, and honourable members will know that under the circumstances the estimates of revenue and expenditure may require to be amended. The people of this Dominion may, and no doubt will, have to make sacrifices; but these, I feel sure, will be willingly accepted in the grave crisis which means so much to the Mother-country and the Dominions. Every New-Zealander looks forward to the future with anxiety, it may be but with the calm assurance that everything which it is possible to do is done, and with the hope that when the war comes to an end lasting peace will be secured. Our banks are in an exceptionally strong position, but to make them still more secure and to allay any possible feeling of unrest bank-notes were yesterday by Proclamation made legal tender. The Government desires most earnestly to impress upon our merchants and traders, both wholesale and retail, and distributors, how cruel it will be to attempt by any rise in prices of foodstuffs to reap advantage out of the present trouble, and how patriotic those people will be considered who even at some sacrifice retain the level of prices of foodstuffs in existence before this crisis eventuated. I have every confidence that this warning is unnecessary, but the public may rest assured of this : that the Government has for some days past had under consideration the necessity for active steps to prevent a rise in the price of foodstuffs, and if it is found that legislation is necessary Parliament will be asked to pass that legislation, and to make it retrospective if .need be. In conclusion, may I express the earnest hope that the next Financial Statement may record once again a prosperous year with the balance on the right side. Finally, may the Almighty Giver of all that is good protect our King; his and Councillors, wherever they may be; may He guide them m their deliberations ; may His protecting arm be over all our people, and especially over the soldiers and sailors who are called upon at this time to make, it may be, the supreme sacrifice for King and Empire.

8.—6

TABLES TO ACCOMPANY THE FOREGOING STATEMENT.

Table No. I.—Abstract of Receipts and Expenditure oe the Financial Year ended 31st March, 1914 ag 2 Table No. 2.—The Public Debt on 31st March, 1914 .. .. .. .. 50 Table No. 3.—The Debt transferred to the New Zealand State-guaranteed Advances Office at 31st March, 1914 .. .. .. .. .. ~ __ 54 Table No. 4.—Statement of the Estimated Liabilities of the Consolidated Fund outstanding on 31st March from 1904 to 1914 inclusive .. .. .. .. .. 57 Table No. s.—Statement of the Estimated Liabilities of the Public Works Fund and other Accounts outstanding on 31st March from 1904 to 1914 inclusive.. .. .. 58,59 Table No. 6.—Statement showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to 31st March, 1914 .. .. .. ~ .. 60 Table No. 7.—Estimated Expenditure of 1914-15 compared with the Actual Expenditure of 1913-14 61 Table No. B.—Estimated Revenue of 1914-15 compared with the Actual Revenue of 1913-14 .. 61 Table No. 9.—Statement showing the Amount charged to " Unauthorized " in each Financial Year from Ist July, 1875, to 31st March, 1914 .. .. .. .. .. 62

I—B. 6.

2

8.—6

Table No. 1. STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

19131914. 1912-1913. RECEIPTS. £ s. d. Balance at beginning of Year,— Gash in the Public Account Imprests in the hands of Officers of the GovernmentIn the Dominion On acoount of Imperial Pensions On account of other Governments £ s. d. 678,173 5 11 & s. d. 770,341 3 8 31,183 11 11 23 15 6 5,727 0 7 25,665 8 5 144 0 5,525 2 8 709,509 5 0 807,275 11 8 3,407,538 1 3 1,052,346 17 9 1,167,977 8 3 728,636 7 3 462,993 17 4 ■ 124,222 18 4 3,968,349 12 5 93,929 16 0 52,764 18 9 361,339 1 11 Ordinary Revenue, — Customs .. .. • • • • Stamps Postal and Telegraph Revenue .. . ■ • • Land-tax Income-tax Beer Duty .. •• •■ •■ •• Railways Registration and other Fees Marine Miscellaneous 3,426,744 9 9 1,221,970 17 5 1,257,537 5 3 767,451 0 5 554,270 14 4 127,041 4 4 4,028,738 16 7 100,634 12 8 53,036 13 10 424,066 18 11 .1,420,098 19 3 Territorial Revenue, — Cash Land Sales Deferred-payment Land Sales .. •• •• •• •• Pastoral Runs, Rents, and Miscellaneous .. .. •• iyo,444 oi 11,961,492 13 6 55,839 10 2 332 17 1 198,337 2 5 190,444 8 10 254,509 9 8 National Endowment Revenue 72,401 14 2 59,413 19 7 12,224,338 16 6 11,734,022 8 6 Amount paid to Post Office by the New Zealand Government State Fire Insurance Department for purchase of Debenture 2,000 0 0 Sinking Funds set free to redeem, — Debentures under the Canterbury Loan Ordinance, 1862 100 0 0 162 11 6 85 18 3 5,321 16 4 5,321 16 4 Recoveries on account of Expenditure of Previous Years Unauthorized 248 9 9 • The New Zealand Loans Act, 1908,— The Consolidated Loan Act, 1867— Issues in renewal of Debentures matured 15th April, 1913 13,000 0 0 Defence and other Purposes Loan Act, 1870 — Issues in renewal of Debentures matured 15th April, 1913 .. 75,000 0 0 General Purposes Loan Act, 1873 — Issues in renewal of Debentures matured 15th October, 1913 6,000 0 0 L Totals £13,035,268 17 10 £12,541,546 9 11

3

B.— 6

ORDINARY REVENUE ACCOUNT.

1912-1913. EXPENDITURE. 1913-: 914. £ s. d. £ s. d. £ s. d. 33,492 18 4 2,717,013 3 4 574,440 15 5 110,527 14 6 37,975 16 0 3,341 2 1 3,460 19 9 25,102 0 0 68,271 6 3 59,4.13 19 7 397,037 7 11 22,108 3 0 Permanent Appropriations,— Civil List Interest and Sinking Fund.. Under Special Acts of the Legislature Subsidies paid to Local Bodies Amounts paid over to Local Bodies and to Deposit Accounts— Payments under the Land Acts Payments under the Timber and Flax Royalties Act Endowments— New Plymouth Harbour Board Greymouth Harbour Board Westport Harbour Board National Endowment Residue Old-age Pensions .. Widows'Pensions Military Pensions 32,070 13 5 2,887,980 14 6 545,103 11 1 120,673 7 2 53,226 19 1 2,357 0 10 4,745 14 11 19,313 8 2 47,138 9 10 72,401 14 2 394,558 9 6 27,073 0 8 29,445 4 6 4,236,088 7 10 4,052,185 6 2 35,517 4 3 55,025 18 11 1,066,772 4 1 2,817,140 17 7 117,703 4 9 23,668 3 2 404,316 4 9 29,947 12 6 314,599 2 6 505,267 2 3 Annual Appropriations,— Glass I.—Legislative Departments .. II. —Department of Finance III.—Post and Telegraph Department IV.—Working Railways Department.. V. —Public Buildings, Domains, and Maintenance of Roads VI. —Native Department VII.—Justioe Department VIII. —Mines Department IX.—Department of Internal Affairs .. X.—Defence Department XL—Customs, Marine and Harbours, and Inspection of Maohinery Departments XII. —Department of Labour XIII.—Department of Lands and Survey „ XIV. —Department of Agriculture, Industries, and Commerce XV. —Education Department Services not provided for 43,742 14 7 68.984 4 4 1,170,883 8 5 3,004,180 14 9 125,466 3 7 23.985 14 0 419,749 9 8 29,877 8 7 456,982 8 8 488,569 9 4 7,589,775 7 7 134,019 18 4 29,177 5 6 231,245 8 2 178,904 1 3 1,084,041 15 9 2,506 15 0 146,983 19 9 28,548 16 2 253,791 11 9 192,837 17 6 1,131,755 17 6 3,435 9 0 7,029,852 18 9 750,000 0 0 Revenue transferred to the Public Works Fund 675,000 0 0 The New Zealand Loans Act, 1908,— The Canterbury Loan Ordinance, 1862 — Debentures matured llth September, 1913, redeemed 100 0 0 The Consolidated Loan Act, 1867— Debentures matured 15th April, 1913, redeemed by renewal 13,000 0 0 Defence and other Purposes Loan Aot, 1870 — Debentures matured 15th April, 1913, redeemed by renewal 75,000 0 0 General Purposes Loan Act, 1873 — Debentures matured 15th October, 1913, redeemed Debentures matured 15th October, 1913, redeemed by renewal 11,400 0 0 6,000 0 0 17,400 0 0 The State Fire Insurance Act, 1908— Debentures maturing 1st May, 1918, redeemed 2,000 0 0 678,173 5 11 25,665 8 5 Balance at end of Year, — Cash in the Public Account Imprests in the hands of Offioers of the Government— In the Dominion In London On account of Imperial Pensions .. .. .. .. • • On account of other Governments 378,875 3 0 29,464 3 9 13,598 4 1 620 19 4 4,346 12 3 426,905 2 5 144 8 0 5,525 2 8 709,508 5 0 Totals £12,541,546 9 11 £13,035,268 17 10

4

8.—6.

Table No. 1—continued. STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913— continued.

1912-1913. RECEIPTS. 1913-1914. £ s. d. 675,000 0 0 100,000 0 0 Treasury Bills issued during Year Treasury Bills issued in renewal during Year .. £ s. d. 1,125,000 0 0 525,000 0 0 £ s. d. 1,650,000 0 0 • Totals £1,650,000 0 0 £775,000 0 0 STATE FORESTS £ s. d. 30,977 19 1 Balance at beginning of Year,— Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion £ s. d. 25,712 7 9 £ s. d. 609 8 10 231 0 6 25,943 8 3 31,587 7 11 1,361 6 8 10,163 17 4 Rents from Lands set apart Miscellaneous 1,541 0 1 9,813 11 10 11,354 11 11 11,525 4 0 Contribution from the Consolidated Fund towards cost of forest-tree growing and planting 5,000 0 0 5,000 0 0 Totals £42,298 0 2 £48,112 11 11 ST TE COAL- £ s. d. 15,425 11 11 Balance at beginning of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion £ s. d. 50,680 15 6 £ s. d. 8,053 2 7 386 13 0 51,067. 8 6 23,478 14 6 Proceeds of Sale of Coal 161,842 13 4 208,013 14 7 34,404 0 0 The New Zealand Loans Act, 1908, — The Coal-mines Act, 1908, and Appropriation Act, 1912— Instalments received in respect of £50,000 4-per-cent. Stock Loan authorized, 1943-63 issue Interest on overdue instalments .. .. . ■ _ • • •• 4-per-cent. Inscribed Stock created to cover expenses of raising £50,000 loan— 1943-63 issue 1929 issue .. •• •• •• •• •• •• . 3i-per-oent. Inscribed Stock created to cover expenses of raising £50,000 loan .. 15,596 0 0 0 18 1,666 13 4 517 13 11 416 13 4 34,404 0 0 18,197 2 3 25,000 0 0 100,000 0 0 The Coal-mines Aot, 1908,— Debentures issued Issues in renewal of Debentures matured 1st April, 1912 125,000 0 0 Totals £231,107 4 1 £390,896 9 1

5

B.— 6

TREASURY BILLS ACCOUNT.

1912-1913. • EXPENDITURE. 1913-1914. £ s. d. 100,000 0 0 675,000 0 0 Treasury Bills renewed during Year .. Treasury Bills redeemed during Year .. £ s. d. 525,000 0 0 1,125,000 0 0 £ s. d. 1,650,000 0 0 £775,000 0 0 Totals £1,650,000 0 0 ACCOUNT. £ s. d. Annual Appropriation, — Vote 117 —State Forests Branch £ s. d. £ s. d. 22,169 3 8 28,442 9 11 Balance at end of Year, — Cash in the Public Acoount Imprests in the hands of Officers of the Government— In the Dominion 13,588 17 2 25,712 7 9 13,855 10 3 231 0 6 266 13 1 25,943 8 3 Totals £42,298 0 2 £48,112 11 11 MINES ACCOUNT. £ s. d. 234,677 2 2 Annual Appropriation, — Vote 118—State Coal-mines £ s. d. £ s. d. 191,159 4 1 5,151 14 11 Interest on Debentures 6,129 17 6 The New Zealand Loans Act, 1908, — The Coal-mines Act, 1908, and Appropriation Act, 1912 — Charges and expenses 2,601 2 3 0 3 6 100,000 0 0 The Coal-mines Act, 1908,— Debentures matured 1st April, 1912, redeemed by renewal 50,680 15 6 Balance at end of Year,— Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion 30,694 15 4 31,217 0 3 386 13 0 522 4 11 51,067 8 6 Totals ' .. £390,896 9 1 £231,107 4 1

8.—6

6

Table No. 1—continued. STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913— continued.

1912-1913. • RECEIPTS. 19131914. £ s. d. Balance at beginning of Year, — 2,163 14 6 Cash in the Public Account £ i s. d. £ s. d. 332 9 8 11 14 3 | Rents 35 4 7 Land sales 70 0 0 The Scenery Preservation Act, 1908, — 15,000 0 0 Debentures issued.. 14,000 0 0 117,175 8 9 Totals £14,437 14 3 £17,175 8 9 NAVAL DEFENCE £ s. d. 289,362 11 3 Balanoe at beginning of Year,— Cash in the Public Account Imprests in the hands of Officers of the Government — In London £ s. d. 15,860 16 3 £ s. d. 15,000 0 0 47,000 0 0 62,860 16 3 394,362 11 3 433,500 0 0 0 5 2 The New Zealand Loans Act, 1908, — The Naval Defence Act, 1909— Proceeds of sale of 3|-per-cent. Inscribed Stock Instalments received in respeot of £2,000,000 Loan authorized Interest on overdue instalments 15,000 0 0 15,000 0 oi^i 433,500 5 2 The New Zealand Loans Act, 1908, — 4-per-cent. Inscribed Stock created to cover expenses of raising £2,000,000 Loan under the Naval Defence Act, 1909 13,876 16 0 £751,739 12 5 Totals £77,860 16 3 ACCOUNTS OF £ s. d. 7,812 6 10 Balance at beginning of Year,— Cash in the Public Account £ s. d. £ s. d. 8,294 18 11 11,885 11 11 21,627 3 5 15,827 2 3 17,624 8 7 Revenue received for Looal Bodies,— Fees, Fines, &c. .. Endowments of Land, &c.. Goldfields Revenue Gold Duty .. .. • • • • • • ■ • • 11,772 14 8 19,417 13 5 14,790 1 10 21,443 10 7 67,424 0 6 66,964 6 2 70 6 6 Counties Separate Account, — Revenue of Counties in which the Counties Act, 1908, is not in full operation .. 171 1 4 Advance Accounts, — Amount repaid by Local Bodies Ditto on account of Unauthorized Expenditure of previous years 21,378 3 6 4,000 0 0 25,378 3 6 24,147 3 9 Totals £101,268 4 3 £98,994 3 3

7

8.-6

SCENERY PRESERVATION ACCOUNT.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 16,842 19 1 Annual Appropriation,— Vote 119—Scenery Preservation £ s. d. £ s. d. 13,009 13 11 The New Zealand Loans Act, 1908 — The Scenery Preservation Act, 1908— Charges and expenses 0 7 0 332 9 8 Balance at end of Year, — Cash in the Publio Account 1,427 13 4 £17,175 8 9 Totals £14,437 14 3 ACT ACCOUNT. £ s. d. 525,000 0 0 Expenditure under the Act £ s. d. £ s. d. 69,034 14 6 13,878 16 2 The New Zealand Loans Act, 1908, — The Naval Defence Act, 1909— Charges and Expenses 1,782 1 0 150,000 0 0 The Naval Defence Act, 1909,— Temporary Advances repaid Balance at end of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In London 7,044 0 9 044 i 0 9 7,044 0 9 15,860 16 3 47,000 0 0 62,860 16 3 Totals £751,739 12 5 £77,860 16 3 LOCAL BO IES. £ s. d. 11,205 9 1 21,460 4 3 16,151 11 2 17,599 11 4 Revenue paid over to Local Bodies, &c, — Fees, Fines, &c. Endowments of Land, cfec. .. Goldfields Revenue .... .. .. Gold Duty .. .. .. .. .. .. V '' £ s. d. 11,483 16 6 20,709 3 8 15,840 3 10 19,781 5 4 £ s. d. 67,814 9 4 66,416 15 J.0 Counties Separate Account, — Amount distributed amongst Local Bodies where the Counties Act, 1908, is not in full operation 73 8 0 80 13 8 24,201 14 10 Advance Aooounts, — Payments on behalf of Locai Bodies 21,562 5 3 8,294 18 11 Balance at end of Year,— Cash in the Publio Account Imprests in the hands of Officers of the Government— In the Dominion 11,745 0 3 11,818 1 8 73 1 5 Totals £98,994 3 3 £101,268 4 3

8.—6

8

Table No. 1—continued. STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913—continued.

1912-13. RECEIPTS. 191! •14. £ s. d. 226,082 10 8 Balanoe at beginning of Year, — Cash in the Publio Account Imprests in the hands of Officers of the Government— In the Dominion £ s. d. 143,528 16 4 £ s. d. 134 0 0 231 8 0 143,760 4 4 226,216 10 8 64,439 6 2 6,630 2 6 1 9 11 25 0 0 4,061 5 0 8,127 4 0 6 14 4 1,266 14 11 57,991 5 4 229,233 5 10 38 0 0 5 5 0 169 7 6 Lodgments,— Education Reserves Amendment Aot, 1910 Emigrants' Deposits Fisheries Aot, 1908 General Assembly Library .. Gold Duty Suspense Acoount Greymouth Harbour Board Act, 1884, Special Coal Rate Account Hospitals and Charitable Institutions Acts, 1909 Land Act, 1908— Mining Districts Land Occupation Account Miscellaneous Money-order Settlement Account Nelson Rifle Prize Fund New Zealand University Endowments, Westland North Island Experimental Dairy School North Island Main Trunk Railway Loan Application Act 1886 Amendment Act, 1889 .. Otago University Reserves Act, 1904 Public Trust Office Remittance Account Railways Reserves and other Lands Disposal and Public Bodies Empowering Aot, 1913, section 58 Taranaki Scholarships Endowment Account Tauranga Educational Endowment Reserves Act. 1896 Thermal Springs Districts Act, 1910 Trustee Act, 1908 Greymouth Harbour Board Act, 1884, Spooial Coal Rate Westport Harbour Board Act, 1884, Special Coal Rate Account 74,128 18 2 11,428 4 4 2 16 125 0 0 4,630 1 10 '6 7 7 1,561 1 8 108,812 3 8 295,228 8 6 22 3 6 5 10 0 2,903 17 1 13,057 11 0 1,748 11 2 35,122 1 4 ' 4,731 15 9 479 8 8 44,283 13 9 805 0 0 610 13 6 83 18 3 282 0 9 426 5 11 203 5 0 611 0 3 59 9 0 75 6 0 3,250 13 9 1,518 2 9 1,812 2 7 2,059 9 6 -*■' 551,951 19 7 430,117 7 8 Totals £656,333 18 4 £695,712 3 11 STATEMENT of the RECEIPTS and EXPENDITURE of the F BLIC WORKS FUND for th £ s. d. 65,941 5 0 Balance at beginning of Year,— Cash in the Public Account -s. Imprests in the hands of Officers of the Government— In the Dominion .. .. £ s. d. *573,959 6 5 £ s. d. 16,638 18 7 52,782 2 2 % 626,741 8 7 82,580 3 7 The Public Revenues Act, 1910, section 56, — Temporary transfer to Irrigation and Water-supply Account now restored 10,000 0 0 The New Zealand Loans Act, 1908,— The Aid to Public Works and Land Settlement Act, 1913— Instalments received in respect of £1,750,000 4-per-cent. ten-years convertible Debenture Loan Temporary advances on security of Debentures 1,532/222 0 0 390,000 0 0 1,922,222 0 0 Carried forward 82,580 3 7 2,558,963 8 7 [ncludes £249,776 for redenr >tion of debentures.

B^-6.

DEPOSIT ACCOUNTS.

2—B, 6,

9

JJli-lU. EXPENDITURE. 191 i-14. £ s. d. 64,173 12 2 6,502 14 0 ) Withdrawals, — Eduoation Reserves Amendment Aot, 1910 Emigrants' Deposits Fisheries Act, 1908 .. .. .. .' " General Assembly Library .. .. .. .. " Gold Duty Suspense Account Hospitals and Charitable Institutions Acts, 1909 Land Act, 1908— Mining Districts Land Occupation Account Maori Land Settlement Act, 1905 Miscellaneous Money-order Settlement Account .. .. .. \\ North Island Main Trunk Railway Loan Application Act 1886 Amendment Act, lyyy «• , t ,. ># Permanent-way Material for Open Lines of Railway .'. Public Trust Office Remittance Account Railways Taranaki Scholarships Endowment Account Thermal Springs Districts Act, 1910 Trustee Act, 1908 £ s. d 71,807 16 11 11,360 4 6 4 0 6 125 0 0 4,018 7 9 6 14 4 £ s. d, 25 0 0 3.426 6 7 4 19 1 636 6 9 55 15 9 54,646 19 0 228,733 5 10 626 15 5 447 4 4 110,730 15 3 275,598 1 9 83,178 17 11 25,000 0 0 34,500 0 4 6,700 0 0 627 16 4 63 4 10 4,298 15 5 43,365 4 1 4,731 15 9 556 18 8 2 2 2 523,381 1 5 512,573 14 0 143,528 16 4 231 8 0 Balance at end of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government— In the Dominion In London 143,111 0 9 219 15 0 29,000 6 9 172,331 2 6 143,760 4 4 Totals £656,333 18 4 £695,712 3 11 Year ended 31st :abch, 1914, compared with the Financial Year ended 31st Maboh, 1913. £ s. d. 56,986 3 7 1,148,832 4 5 445,142 2 6 16,785 1 10 12,905 14 11 14,456 7 10 374,345 13 4 10,643 18 8 251,374 13 8 23.79C 2 1 22,550 6 10 726 15 10 Annual Appropriations,— Class ' XVI.—Public Works, Departmental XVII.—Eailways .. XVIII.—Public Buildings .. XIX.—Lighthouses, Harbour-works, and Harbour-defences .. XX.—Tourist and Health Resorts XXI. —Immigration .. .. .. ,, XXII,—Construction, Maintenance, and Supervision of Roads, Bridges, and other Public Works XXIII.—Development of Goldfields .. .. ,, ,' " XXIV. —Telegraph Extension , XXV.—Contingent Defence .. „ XXVI.—Lands Improvement .. Services not provided for .. ■ £ s. d. 66,626 12 9 1,104,896 9 4 369,600 2 2 9,059 1 9 14,988 17 8 33,914 2 2 £ s. d. 377,979 7 8 4,889 7 11 392,647 13 3 30,186 0 2 16,996 2 2 23 10 0 2,421,807 7 0 2,378,539 5 6 The Public Revenues Act, 1910, section 56, — Temporary transfer to Irrigation and Water-supply Account 10,000 0 CJ The New Zealand Loans Act, 1908, — The Aid to Publio Works and Land Settlement Aot, 1913— Temporary advances repaid i 390,000 0 d 2,378,539 5 6 Carried forward 2,821,807 7 0

10

8.—6

Table No. 1—continued.

RECEIPTS. 1913-14. 1912-13. £ s. d. 82,580 3 7 £ s. d. £ s. d. 2,558,963 8 7 Brought forward 855,226 0" 0 The New Zealand Loans Aot, 1908, — The Aid to Public Works and Land Settlement Act, 1912— Instalments received in respect of £1,242,900 4-per-cent. Stock Loan,1943-63 issue Interest on overdue instalments Debentures issued in exchange for Debentures matured 15th April, 1913, under the Immigration and Public Works Loan Act, 1870 4-per-cent. Inscribed Stook created and issued— 1929 issue Premium 1943-63 issue 387,674 0 0 2 0 4 206,000 0 0 100,000 0 0 500 0 0 200,000 0 0 894,170 0 4 855,226 0 0 434,500 0 0 The Aid to Publio Works and Land Settlement Act, 1902 — Interest on overdue instalments Debentures matured 1st December, 1912, renewed Debentures issued as security for advance for redemption of Debentures matured 1st December, 1912 Debentures issued for redemption of Debentures matured 2nd December, 1912 Proceeds of 4-per-cent. Stock Loan to pay off advances 0 6 9 203,100 0 0 30,300 0 0 203,100 0 0 871,000 0 0 0 6 9 The Aid to Publio Works and Land Settlement Act, 1906 — Interest on overdue instalments Debentures issued as security for advance for redemption of Debentures matured 1st December, 1912 Proceeds from 4-per-cent. Stock Loan to pay off advances 0 16 40,000 0 0 40,000 0 0 - 0 16 80,000 0 0 100,000 0 0 100,000 0 0 0 12 The Aid to Publio Works and Land Settlement Act, 1908— 4-per-oent. Inscribed Stock created and issued— 1929 issue Premium Temporary advance for redemption of Debentures matured 1st April, 1912 Proceeds of Loan to pay off advances obtained for redemption of Debentures .. Interest on overdue instalments .. 100,000 0 0 250 0 0 100,250 0 0 200,000 1 2 100,COO 0 0 100,000 0 0 1,226,000 0 0 0 14 9 174,000 0 0 400,000 0 0 The Aid to Publio Works and Land Settlement Act, 1911 — 4-per-cent. Inscribed Stock created and issued, 1943-63 issue Debentures matured 31st December, 1912, renewed Debentures matured 31st March, 1913, renewed Instalment received in respect of £1,500,000 Loan authorized Interest on overdue instalments Debentures issued Temporary advance on seourity of Debentures issued 100,000 0 0 2,000,000 14 9 100,000 0 0 100,000 0 0 The Immigration and Public Works Loan Act, 1870 — Instalments received in respect of £363,000 4-per-cent. Stock Loan for redemption of Debentures due 15th April, 1913 Issues in renewal of Debentures matured 15th April, 1913 Interest on overdue instalments .. .. .. .. ..... 113,224 0 0 27,900 0 0 0 11 9 141,124 11 9 4,088,806 19 6 Carried forward 3,794 514 8 11

11

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913-continued.

1912-13. EXPENDITURE. 1913-1914. £ s. d. 2,378,539 5 6 Brought forward £ s. d. £ a. d. 2,821,807 7 0 The New Zealand Loans Act, 1908 — The Aid to Public Works and Land Settlement Act, 1908Transfer to Loans Redemption Account of gross proceeds of sale of £100,000 New Zealand 4-per-cent. Inscribed Stock for redemption of Debentures 100,250 0 0 The Aid to Public Works and Land Settlement Act, 1903— Debentures matured 1st January, 1914, redeemed 1,000 0 0 The Immigration and Public Works Loan Act, 1870— Debentures matured 15th April, 1913, redeemed Debentures matured 15th April, 1913, redeemed by renewal 363,000 0 0 27,900 0 0 390,900 0 0 6,403 4 3 3,768 9 0 746 5 7 960 7 0 18,102 12 0 3 18 6 3,201 3 4 39,763 14 2 Charges and Expenses in respect of loans raised under,— The Aid to Public Works and Land Settlement Act, 1900 The Aid to Public Works and Land Settlement Act, 1901 The Aid to Public Works and Land Settlement Act, 1902 Tbe Aid to Public Works and Land Settlement Act, 1903 The Aid to Public Works and Land Settlement Act, 1904 The Aid to Public Works and Land Settlement Act, 1906 .. The Aid to Public Works and Land Settlement Act, 1908 .. The Aid to Public Works and Land Settlement Act, 1911 The Aid to Public Works and Land Settlement Act, 1912 The Aid to Public Works and Land Settlement Act, 1913 The Immigration and Public Works Loan Act, 1870 52 0 5 10,566 5 0 2,080 18 0 625 0 0 2,625 14 0 69,799 0 3 0 17 6 19,699 15 8 72,949 13 10 105,449 10 10 471 4 2 The Ellesmere Lands Drainage Act, 1905,— Expenditure under section 6 296 15 0 200,000 0 0 1,000 0 0 2,000 0 0 200,000 0 0 The New Zealand Loans Act, 1908,— The Aid to Public Works and Land Settlement Act, 1900— Debentures matured 1st April, 1912, redeemed Debentures matured 1st May, 1912, redeemed Debentures matured 1st May, 1912, redeemed by renewal .. !! .. Temporary advances repaid 403,000 0 0 The Aid to Public Works and Land Settlement Act. 1901 — Debentures matured 1st April, 1912, redeemed Debentures matured 1st December, 1912, redeemed .. ..' Temporary advances repaid Temporary advances on Reserve Fund Securities repaid .. .'. ., 45,000 0 0 1,000 0 0 46,000 0 0 72,700 0 0 | i 164,700 0 0 203,100 0 0 30,300 0 0 434,500 0 0 203,100 0 0 The Aid to Public Works and Land Settlement Aot, 1902— Debentures matured 1st December, 1912, redeemed Debentures matured 2nd December, 1912, redeemed .. ..' .'. Debentures matured 1st Dace.nber, 1912, redeemed by renewal Temporary advances repaid •• 871,000 0 0 The Aid to Publio Works and Land Settlement Aot, 1903— Temporary advances on Reserve Fund Securities repaid 30,000 0 0 The Aid to Public Works and Land Settlement Act, 1904— Temporary advances on Reserve Fund Securities repaid 565,500 0 0 4,412,739 5 6 Carried forward .. - .. 3,419,703 12 10

12

8.-6

Table No. 1—continued.

1912-1913. RECEIPTS. 1913 1914. £ s. d. 4,088,806 19 6 Brought forward .. £ s. d. £ s. d. 3,794,514 8 11 •• The New Zealand Loans Act, 1908, — 4-per-cent. Inscribed Stock created to cover expenses of raising loans— 1929 issue— The Immigration and Public Works Loan Act, 1870 (£363,000) The Aid to Public Works and Land Settlement Act, 1901 (£1,000) The Aid to Public Works and Land Settlement Act, 1902 (£203,100) The Aid to Public Works and Laud Settlement Aot, 1906 (£40,000) The Aid to Publio Works and Land Settlement Act, 1912 (£1,242,900) 3,758 9 8 10 7 1 2,102 17 9 414 3 2 12,868 18 6 4-per-cent. Inscribed Stock created to cover expenses of raising loans— 1943-63 issue— Tbe Immigration and Public Works Loan Act, 1870 (£363,000) The Aid to Publio Works and Land Settlement Act, 1901 (£1,000) .. The Aid to Public Works and Land Settlement Act, 1902 (£203,100) The Aid to Public Works and Land Settlement Act, 1906 (£40,000) The Aid to Publio Works and Land Settlement Aot, 1912.. 19,154 16 2 12,100 0 0 33 6 8 6,770 0 0 1,333 6 8 41,430 0 0 61.666 13 4 3J per-cent. Insoribed Stock created to cover expenses of raising loans — The Immigration and Public Works Loan Act, 1870 (£363,000) The Aid to Public Works and Land Settlement Act, 1901 (£1,000) The Aid to Public Works and Land Settlement Aot, 1902 (£203,100) The Aid to Publio Works and Land Settlement Act, 1906 (£40,000) The Aid to Public Works and Land Settlement Act, 1912 (£1,242,900) 3,025 0 0 8 6 8 1,092 10 0 333 6 8 10,357 10 0 15,416 13 4 750,000 0 0 Revenue transferred from the Consolidated Fund in aid of Publio Works 675,000 0 0 Receipts under Section 16 of the Reserves and other Lands Disposal and Public Bodies Empowering Act, 1912 21,890 4 5 86,969 14 6 6,843 13 2 Recoveries on account of Expenditure of previous Years 9,051 8 8 1,625 10 1 Special Receipts in connection with the Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account 1,593 7 8 Amount held in Deposits Account for Purchase of Permanent-way Material now restored to Public Works Fund, same being no longer required in a Deposit Account 25,000 0 0 v 2,000 0 0 200,000 0 0 200,000 0 0 0 2 5 The New Zealand Loans Act, 1908, — The Aid to Public Works and Land Settlement Act, 1900— Debentures matured 1st May, 1912, renewed Temporary advances for redemption of Debentures matured 1st April, 1912 .. Proceeds of loan to pay off advances used for redemption of Debentures Interest on overdue instalments .. .. .. . • • 402,000 2 5 45,000 0 0 117,700 0 0 The Aid to Public Works and Land Settlement Aot, 1901— Temporary advance for redemption of Debentures matured 1st April, 1912 Proceeds of loan to pay off advances obtained for redemption of Debentures .. Debentures issued as security for advance for redemption of Debentures matured 1st Deoember, 1912 Interest on overdue instalments Proceeds of 4-per-oent. Stook Loan to pay off advanoes 1,000 0 0 0 1 5 1,000 0 0 164,700 1 5 The Aid to Public Works and Land Settlement Aot, 1903— Proceeds of loan to pay off advances obtained for redemption of Debentures .. Interest on overdue instalments 30,000 0 0 0 0 4 30,000 0 4 565,500 0 0 0 6 9 The Aid to Public Works and Land Settlement Act, 1904— Proceeds of loan to pay off advanoes obtained for redemption of Debentures .. Interest on overdue instalments 565,500 6 9 The Native Land Purohases Act, 1892— Issues in renewal of Debentures matured 31st October, 1912 125,000 0 0 6,402 4 4 3,767 14 1 960 6 8 18,102 5 3 3,201 2 2 39,245 11 5 4-per-cent. Inscribed Stook created to cover expenses of raising loans— Aid to Public Works and Land Settlement Act, 1900 (£200,000) Aid to Public Works and Land Settlement Act, 1901 (£117,700) Aid to Public Works and Land Settlement Act, 1903 (£30,000) Aid to Public Works and Land Settlement Act, 1904 (£565,500) Aid to Public Works and Land Settlement Act, 1908 (£100,000) Aid to Public Works and Land Settlement Act, 1911 (£1,500,000) 71,679 3 11 The Immigration and Publio Works Loan Act, 1870, — Proceeds of 4-per-oent. Stock Loan to pay off Debentures due 15th April, 1913 249,776 0 0 800,000 0 0 Temporary advances on Reserve Fund Securities |£7,367,901 12 1 Totals £4,598,287 12 6 ■i

13

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913—continued.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 4,412,739 5 6 Brought forward £ s. d. £ s. d. 3,419,703 12 10 40,000 0 0 40,000 0 0 The New Zealand Loans Aot, 1908,— The Aid to Public Works and Land Settlement Aot, 1906— Debentures matured 1st December, 3912, redeemed Temporary advances repaid -. 80,000 0 0 100,000 0 0 100,000 0 0 The Aid to Public Works and Land Settlement Act, 1908— Debentures matured 1st April, 1912, redeemed Temporary advances repaid 200,000 0 0 100,000 0 0 100,000 0 0 100,000 0 0 750,000 0 0 The Aid to Public Works and Land Settlement Act, 1911— Debentures matured 31st December, 1912, redeemed by renewal Debentures matured 31st March, 1913, redeemed by renewal Debentures matured 1st March, 1913, redeemed Temporary advances repaid 1,050,000 0 0 The Native Land Purchases Act, 1892, and the Aid to Public Works and Land Settlement Act, 1899 — Debentures matured 31st October, 1912, redeemed by renewal 125,000 0 0 y^ 800,000 0 0 Repayment of advances on Reserve Fund Securities 573,959 6 5 52,782 2 2 Balance at end o£ Year, — Cash in the Public Account Imprests in the hands of Officers of the Government — In the Dominion In London .. .. .. .. .. .; Investment Aocount 1,142,577 16 10 11,006 2 10 15,0.00 0 0 10,000 0 0 1,178,583 19 8 626,741 8 7 Totals £7,367,901 12 1 £4,598,287 12

14

B -6

Table No. 1— continued. STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913— continued.

1912-1913. RECEIPTS. 1913-1914. £ s. d. Balance at beginning of Year, — 2,299 7 2 Cash in the Publio Acoount The Hutt Railway and Road Improvement Act, 1910, — Debentures issued 2,906 19 0 j Recoveries on account of expenditure of previous years .. £ s. d. j £ s. d. 2,476 15 6 2,000 0 0 £5,206 6 2 j £5,206 6 2 ; Totals £4,476 15 6 £4,476 15 6 THE RAILWAYS £ s. d. 567 10 3 Balance at beginning of Year, — Cash in the Public Account £ s. d. 8. d. £ 8. d. 93 17 0 28,780 0 0 The Government Railways Amendment Aot, 1910, — Debentures issued 45,000 0 0 £29,347 10 3 Totals £45,093 17 0 THE WA HOU AND HINEMUR! £ s. d. 39,670 19 0 60,000 0 0 Balance at beginning of Year, — Cash in the Publio Acoount Investment Account £ s. d. 31,091 1 2 60,000 0 0 £ s. d. 91,091 1 2 99,670 19 0 Contributions under the Waihou and Ohinemuri Rivers Improvement Aot, 1910, — Consolidated Fund Gold Duty Gold-mining Companies 1,111 6 8 3,333 6 8 1,109 4 5 1,111 6 8 3,333 6 8 633 3 9 5,077 17 1 5,553 17 9 2,250 0 0 1,143 9 10 Interest on Investments Totals £106,368 6 7 £98,418 18 3 AID T WATER- £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — Cash in the Publio Account 14,990 16 6 The New Zealand Loans Aot, 1908, — The Aid to Water-power Works Aot, 1910— Debentures issued 165,000 0 0 50,000 0 0 £50,000 0 0 Totals £179,990 16 6

15

8.—6

WELLINGTON-HUTT RAILWAY AND ROAD IMPROVEMENT ACCOUNT.

1912-1913. EXPENDITURE. 1913-1914. ~ I £ s. d. Annual Appropriation,— 2,729 10 8 Vote 121—Hutt Railway and Road Improvement £ s. d. £ s. d. 4,117 19 7 Balance at end of Year, — 2,476 15 6 Cash in the Public Account 358 15 11 £5,206 6 2 Totals £5,206 6 2 £4,476 15 6 IMPROVEMENTS ACCOUNT. £ a. d. 29,253 9 9 Annual Appropriation,— Vote 122 —Railway Improvements £ s. d. £ s. d. 39,563 0 6 0 3 6 The Government Railways Amendment Aot, 1910, — Charges and Expenses authorized by the New Zealand Loans Act, 1908 110 93 17 0 Balance at end of Year,— Cash in the Publio Account 5,529 15 6 Totals £45,093 17 0 £29,347 10 3 RIVERS IMPROVEMENT ACCOUNT. I £ s. d. Annual Appropriation,— 10,665 13 11 Vote 125—Waihou and Ohinemuri Rivers Improvement £ a. d. £ s. d. 9,631 11 6 3,500 0 0 Interest on Debentures 3,500 0 0 3,500 0 0 | Refund of amounts overpaid on basis ot £150,000 loan instead of £100,000 loan, — 555 13 4 Contribution from Consolidated Fund 555 18 2 Contributions from Gold Duty 555 13 4 555 18. 2 i hi ii a 1,111 11 6 1,111 11 6 Balance at end of Year, — 31,091 1 2 Cash in the Public Account 60,000 0 0 Investment Account 31,091 1 2 60,000 0 0 25,287 6 9 60,000 0 0 85,287 6 9 91,091 1 2 91,091 1 2 £106,368 6 7 Totals , £98,418 18 3 £106,368 6 7 POWER WORKS ACCOUNT. £ s. d. 35,009 0 0 Annual Appropriation, — Vote No. 123—Development of Water-power £ s. d. £ s. d. 142,826 12 5 0 3 6 The Aid to Water-power Works Act, 1910— Charges and expenses authorized by New Zealand Loans Act, 1908 Balance at end of Year, — Cash in the Public Acoount 1 8 0 14,990 16 6 37,162 16 1 £50,000 0 0 Totals £179,990 16 6

B.<- 6

16

Table No. 1—continued. STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913-continued.

1912-1913. RECEIPTS. 1913-1914. £ s. d. ! Balance at beginning of Year, — £ s. d. Cash in the Public Account £ s. d. £ s. d 311 9 t £ s. d. 311 9 6 Temporary transfer from Public Works Fund, under Seotion 56, Public Revenues Act, 1910 .. 10,000 0 ( 10,000 0 0 The New Zealand Loans Act, 1908,— Irrigation and Water-supply Act, 1913 — Debentures issued .. .. .. .. .. .. .. .. 35,000 0 C 35,000 0 0 The Appropriation Act, 1912, Section 16 — 15,000 0 0 I Debentures issued i £15,000 0 0 Totals £45,311 9 6 £45,311 9 6 STATEMENT of the RECEIPTS and EXPENDITURE of the CHEVIOT ESTATE ACCOUNT £ s. d. 18,242 0 4 50,000 0 0 £ s. d. Balance at beginning of Year,— £ s. d. 18,242 0 4 Cash in the Public Account .. .. .. .. .. .. 23,879 1 3 50,000 0 0 Investment Account .. .. .. .. .. .. .. 50,000 0 0 £ s. d. £ s. d 73.879 1 ?. 73,879 1 3 (•J,01» 1 £ 68,242 0 4 68, «4Si U 4 12,634 3 7 Receipts under the Land Act, 1908,— 12,634 3 7 Rents from Lands.. 15,716 2 7 15,716 2 7 '-t I H.U*.iiVU **V 1,886 2 0 Other Receipts,— 1,886 2 6 Interest on Securities held by Investment Account i - " 1,987 6 6 i £91,582 10 4 1,987 6 6 £82,762 6 5 £82,762 6 5 I Totals £91,582 10 4 STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR 1ETTLEMENTS ACCOUN £ s. d. Balance at beginning of Year, — Cash in the Public Account £ s. d. £ s. d. 66,039 13 0 47,672 0 4 Amount received from the State Advances Office in terms of Seotion 89 of the New Zealand State-guaranteed Advances Act, 1909 399,497 0 0 163,877 12 0 155,000 0 0 Amount received from the State Advanoes Office, being part proceeds of loan obtained by High Commissioner— For redemption of Debentures matured 1st April, 1913 For redemption of Debentures matured 1st April, 1912 50,000 0 0 155,000 0 0 50,000 0 0 The New Zealand Loans Act, 1908, — Land Laws Amendment Act, 1913— Instalments received in respect of £23,400 4-per-oent. ten-years convertible Debentures Loan .. Debentures issued 20,488 0 0 ice inn n r. 20,488 0 0 286,100 0 0 186,100 0 0 306,588 0 0 i Amount set aside for opening up Crown lands for Settlement in terms of Section 63 of the Land Laws Amendment Act, 1913 3,000 0 0 Carried forward 620,536 13 0 571,137 12 4

17

8.—6

IRRIGATION AND WATER-SUPPLY ACCOUNT.

; ! 3—B. 6.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 14,688 10 6 Annual Appropriation,— Vote No. 124—Irrigation and Water-supply £ s. a. £ s. a. 33,601 14 2 Temporary transfer from Public Works Fund under Seotion 56 Publio Revenues Act, 1910, now restored 10,000 0 0 New Zealand Loans Act, 1908, — Appropriation Act, 1912— Charges and Expenses Irrigation and Water Supply Act, 1913— Charges and Expenses 0 3 6 311 9 6 0 7 0 Balance at end of Year, — Cash in the Public Account 1,709 4 10 £15,000 0 0 Totals £45,311 9 6 !or the Year ended 1 31st March, 1914, compared with the Financial Year ended 31st March, 1913. £ s. d. 8,866 2 6 17 2 8 i Interest paid in respect of Debentures issued Surveys, Roading, &c. £ s. d. 4,433 1 3 118 £ s. d. 8,883 5 2 4,434 2 11 23,879 1 3 50,000 0 0 Balance at end of Year,— Cash in the Public Account ...... 31 Investment Account .. .. .. .. ,. 5l 37,148 7 5 50,000 0 0 87,148 7 5 73,879 1 3 £82,762 6 5 Totals £91,582 10 4 'or the Year ende 3d 31st March, 1914, oompared with the Financial Year ended 31st March, 1913. £ s d. 10,061 16 11 Annual Appropriations,— Vote 120—Land for Settlements Expenses £ s. d. £ s. d. £ s. d. £ s. d. 4,568 11 11 10,061 16 11 Acquirement of EstateB, ana Expenses inciaental thereto, — Purchase-money. Incidental Expenses. 17 12 3 81 13 1 36 6 10 111 15 6 17 10 7 24 6 6 1 14 2 66 13 11 6 10 0 943 18 8 50 18 3 Total. Total. Name of Estate. 32 15 2 35 10 10 172 15 3 67 12 6 31 14 2 43 18 7 Aireaale Albury Allanholm Annan Aorangi Aragowan Ardlussa (Ardlussa Estate Company) Argyll Ashley Gorge Ashwiok Avenel Avenel Extension .. .. .. .' Aviemore Aylesbury Balaohraggan (M. Henry and B. P. Henry) .! Barnego Beaumont .. Bickerstaffe Blind River 17 12 3 81 13 1 36 6 10 111 15 6 17 10 7 24 6 6 33,433 15 5 66 13 11 6 10 0 943 18 8 50 18 3 128 0 1 3 0 9 31,434 13 11 218 18 8 25,661 1 8 0 2 3 16,206 11 8 33,432 1 3 14,200 0 0 0 2 3 13 14 2 7 10 4 17 8 7 8 15 5 48 7 2 21 0 9 0 2 3 13 14 2 14,207 10 4 17 8 7 8 15 5 48 7 2 21 0 % 30 0 2 18 16 2 46 14 0 19 7 7 74,151 13 5 Carried forward .. 47,632 1 3 1,475 18 5 49,107 19 8 4,568 11 11

18

8.—6

Table No. 1—continued.

1913-1914. 1912-1913. RECEIPTS. £ s. d. 620,536 13 0 Brought forward £ s. d. £ s. d. 571,137 12 4 832 12 6 13,207 18 7 Receipts on acoount of oapital value of land under the Land Aot, 1908, — Section 191 Seotion 177 108 2 6 108 2 6 14,040 11 1 Receipts derived from Estates, — Rents, &o. 340,183 0 10 309,192 17 2 Sale of Crown Lands 135,664 6 11 Interest on Securities held by Investment Account 1,972 11 10 3,603 1 7 Proceeds of Sale of Workers' Dwellings on Settlement Lands under Seotion 16 of the Workers' Dwellings Act, 1910 3,901 3 2 Credits in reduction, — Avenal Extension 9 5 7 8 4 2 Recoveries on account of Estates, — Elderslie No. 2 .. Sherenden Waihau 1 14 0 3 5 7 4 19 7 8 4 2 The New Zealand State-guaranteed Advances Acts, 1909 and 1910, — Land for Settlements Branoh— Debentures issued ----- -» 44,000 0 0 155,000 0 0 190,400 0 0 15,300 0 0 39,500 0 0 30,000 0 0 814,766 0 0 The Land for Settlements Act, 1908, the New Zealand State-guaranteed Advances Acts, 1909 and 1910, and the New Zealand Loans Acts, 1908,— Temporary Advance for redemption of Debentures due 1st April, 1912 .. 3J-per-cent. Stock created for redemption of Debentures matured 1st April, 1912 Debentures issued for redemption of Debentures matured 1st May, 1912 Debentures matured 1st April, 1912, renewed Debentures matured 1st May, 1912, renewed Debentures matured 31st October, 1912, renewed 1,244,966 0 0 f Carried forward » Carried forward .. 2,236,347 7 0 1,052,981 2 9

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913—continued.

19

EXPENDITURE. 113-1! 114. £ s. d. 10,061 16 11 £ s. d. £ s. d. £ s. d. £ s. d. 4,568 11 11 Brought forward Total. Name of Estate. Purchase-money. Incidental Expenses. Total. 74,151 13 5 22,143 0 0 0 16 4 122 2 4 1 17 1 4 6 0 52 1 9 0 0 3 21 7 3 66 16 5 4 14 8 5 11 5 30,690 11 6 93 1 6 1,293 0 6 1 15 7 61 8 9 990 13 3 14 4 0 2 10 4 104 17 5 4 4 5 3 9 2 2 3 9 143 8 7 93 2 10 179 0 8 36 4 11 11 14 3 0 3 1 922 19 6 35 16 11 228 18 9 40 11 10 421 14 10 0 19 1 72 14 9 2 9 10 96 1 10 1 15 0 125 13 0 29 13 0 Acquirement of Estates, and Expenses incidental thereto— continued. Bourndale Braco Braeburn Buddo Cardrona Carrington Carroll Chamberlain Clandeboye Clandeboye No. 2 .. Olandon Claremont Clareview (D. Buckley) Clydebank Conical Hills Cradock Oulverden Douglas Drayton Dunoan Dyer Earnscleugh Eccleston No. 1 Ecoleston No. 2 Edendale Elderslie Elderslie No. 2 Elsthorpe Epuni Epworth Ermedale .. Penoourt Flaxbourne Forest Gate.. Fortification Hill (D. W. Westenra and W. and T. Washbourne) Four Peaks Fyvie Glenham Glentanner Greenfield .. .. . ■ .. Hall-Jones Hatuma Hawtrey Heatherlea (J. R. McDonald and M. A. Bartholomew) Hekeao Hetana Highbank Hikawera Hillersden (Trustees of Estate of late T. Carter) Hornby Horsley Downs Howard (J. Kerr) .. • Huinga Janefield Kaimahi Kanakanaia Kapua Kapuatohe Karapiro Kauroo Hill Kereta .. .. .. .. Kinlooh Kitchener Kohatahi Kohika Kohika No. 2 Knowsley Park (M. Matheson) Kumeroa Kurow Ladbrook Langdale Landsdowne (M. Crouoher and D. M. Sutherland) Lindsay Linton Longbush Lyndon No. 1 Lyndon No. 2 Lynton Downs (T. Harrison) Maerewhenua - Mahora Mahupuku Makareao and extension Manga-a-toro Mangapouri Mangatahi 47,632 1 3 10,234 '8 9 ■ * « 11,278 18 2 1,475 18 5 66 14 2 1 7 10 16 0 0 4 9 1 33*18 9 47 19 6 13 3 2 9 6 4 16 14 0 520 7 8 121 12 1 34 15 5 520 18 3 3 9 4 136 18 8 46 7 2 27 10 1 1 12 9 51 0 8 5 9 4 13 0 0 2 16 94 2 11 46 11 9 331 18 1 18 9 11 5 17 3 • 0 6 1 7 0 2 36 12 11 255 0 1 21 1 3 4 16 8 50 15 11 33 15 11 2 9 10 45 15 9 5 11 10 62 12 2 2 6 2 49,107 19 8 66 14 2 1 7 10 16 0 0 4 9 1 3318 9 47 19 6 13 3 2 9 6 4 16 14 0 520 7 8 10,356 0 10 34 15 5 520 18 3 3 9 4 136 18 8 46 7 2 27 10 1 1 12 9 51 0 8 5 9 4 13 0 0 2 1 6 94 2 11 46 11 9 331 18 1 18 9 11 5 17 3 0 6 1 7 0 2 36 12 11 255 0 1 21 1 3 11,283 14 10 50 15 11 33 15 11 2 9 10 45 15 9 5 11 10 62 12 2 2 6 2 8 16 9 11 11 3 34 6 0 15 6 8 231 16 4 11 12 3 17 0 1 5 8 9 3 10 8 33 11 4 3 15 1 10 6 12 2 9 170 0 6 0 18 8 60 4 4 1 10 7 3 0 3 15 14 0 193 10 3 21,158 11 10 166,300' 2 2 4,400 0 0 14 11 0 14 4 3 24 16 5 67 1 8 7 4 10 2,403 6 2 45 16 2 23 4 5 5 3 0 29 6 7 3 8 6 6 12 16 15 7 6 18 2 8 8 11 18 4 144 10 0 1 17 4 133 2 1 15 8 21,173 2 10 14 4 3 24 16 5 67 1 8 7 4 10 168,703 8 4 45 16 2 23 4 5 4,405 3 0 29 6 7 3 8 6 6 12 16 15 7 6 18 2 8 8 11 18 4 144 10 0 1 17 4 133 2 1 15 8 26 5 1 7 15 3 3 17 3 49 8 0 19,157 10 3 32 3 5 7 16 4 4 16 7 13 1 10 4 12 9 13 10 9 32 18 0 32 3 5 7 16 4 19,162 6 10 13 1 10 4 12 9 13 10 9 32 18 0 84 13 0 14 15 1 22 3 11 9 10 4 29 19 8 80 10 8 42 12 8 35 7 0 4 16 2 73 14 10 21 8 0 71 8 1 29,840 15 3 42,321 5 0 220 15 2 44 12 9 4 16 13 19 9 19 0 8 57 2 9 393 11 3 40 3 8 12 5 7 16 12 3 40 5 6 36 14 10 9 7 7 50 16 8 30,061 10 5 44 12 9 4 16 13 19 9 19 0 8 57 2 9 42,714 16 3 40 3 8 12 5 7 16 12 3 40 5 6 36 14 10 9 7 7 50 16 8 8 1 Carried forward 352,323 12 8 8,226 11 11 360,550 4 7 4,568 11 11

8.—6

20

Table No. 1— continued.

1912-1913. RECEIPTS, 1913-1914. £ s. d. 2,236,347 7 0 £ s. d. £ s. d. 1,052,981 2 9 Brought forward • ~..y 2,236,347 7 0 Carried forward 1,052,981 2 9

21

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913-continued.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 10,061 16 11 £ s. d. £ s. d. £ s. d. £ s. d. 4,568 11 11 Brought forward Total. Name of Estate. Acquirement of Estates, and Expenses incidental thereto — continued. Mangawhata Mangawhero Maori Hill (D. Cameron) Marawiti Matakanui Matamata Maungaraki Maytown Mead Meadowbank Meadows Melling Merrivale Methuen Mills Momona Morice Mount Nessing Ngatapa Normandale Northbank Ohakea Ohauiti (E. Revell and H. J. Rowe) Okauia Omaka Omihi Valley Opouriao Orakipaoa Otahu Otaio Otamatakau Otanamono Otarakaro Otekaike Papaka Paparangi Pareora No. 1 Pareora No. 2 Patoa Pawaho Peaks Pitt Plumer Plunket Poerua .. .. Pomahaka Poroporo (A. J. Stone-Wigg, O. H. Beetham, and H. H. Beetham) Pouparae Pourerere Prescot Puhipuhi Puhuka Puketapu Punaroa Raincliff Rainford .. .. .. Rakitairi Rangiatea Rapuwai Raumati Raureka Rautawiri Rewi Richmond Brook Ringway Roimata Rosebrook Rosewill Ruapuna No. 2 Scargill Selwyn Sherenden Sherwood Downs Spotswood Springhill (L. M. Rhodes, A. V. L. Rhodes, and L. B. Vallanee) .. Starborough Steward St. Helens. Stoke Strathmore Studhohne Tablelands Tahawai Takitu Purchase-money. Incidental Expenses. Total. 133,692 8 1 20 14 0 24 11 10 14 0 6 8 8 6 4 7 1 • 173 13 5 8 11 5 3 8 8. 12 14 2 ; 111 9 1 60 10 0 352,323 12 8 25,65217 0 8,226 11 11 10 7 0 22 14 10 89 8 1 16 17 0 2 3 6 167 11 7 2 10 6 7 5 1 22 7 7 10 12 9 12 11 3 11 9 10 16 18 6 9 2 3 19 14 4 2 3 0 48 3 10 423 15 4 87 6 0 12 2 9 8 11 3 12 19 11 243 18 3 6 0 5 13 3 9 360,550 4 7 10 7 0 22 14 10 25,742 5 1 16 1.7 0 2 3 6 167 11 7 2 10 6 7 5 1 22 7 7 10 12 9 12 11 3 U 9 10 16 18 6 9 2 3 19 14 4 2 3 0 48 3 10 423 15 4 87 6 0 12 2 9 8 11 3 12 19 11 18,456 6 3 6 0 5 13 3 9 50 2 9 4 15 6 11 18 9 4 6 0 24 12 11 43,542 16 11 275 6 0 18 8 7 6 7 5 25 14 8 6 16 6 30 7 5 0 6 8! 33 1 2 i 4 12 2 12 7 8 3 10 6 0 10 4 31,027 13 2 1 4 3 124 9 3 13 17 5 7 14 6 4 5 6 47 17 9 2 2 10 1 14 0 1 19 10 0 17 8 2 7 11 49 14 1 3 0 0 28 16 9 18,212' 8 0 32 16 7 8 19 1 8 5 2 4 19 9 18 4 195 2 8 2 8 8 56 13 6 21 11 6 5 5 2 8 16 3 84 19 5 3 16 10 2 11 4 4 5 3 1 1 1 18 1 24 8 10 32 16 7 8 19 1 8 5 2 4 19 9 18 4 195 2 8 2 8 8 56 18 6 21 11 6 5 5 2 8 16 3 84 19 5 3 16 10 2 11 4 4 5 3 111 1 8 1 24 8 10 14 11 5 1411 5 6 9 10 16 2 4 0 11 6 0 14 0 .452 25 18 8 0 19 2 7 17 5 11 18 6 16 11 9 5 8 4 38 18 10 8 9 2 i 2 8 10 15 12 3 I 28 15 5 11 18 4 1 11 10 5 7 11 240 5 2 27 3 4 285 17 2 86 13 3 77,572 10 0 405 17 9 8 8 2 38,647 1 0 1,221 1 2 3 13 4 8 12 0 3 3 0 11 3 14 1 2 4 6 40 9 5 1 18 5 8 4 3 24 19 2 15 19 5 10 16 9 21 9 3 4 5 11 2 19 10 2 4 0 28 13 3 4 4 2 3 2 3 7 12 10 319 9 2 53 10 5 357 12 5 251 10 6 969 10 3 445 14 6 21 11 11 39,868 2 2 3 13 4 8 12 0 3 3 0 11 3 14 1 2 4 6 40 9 5 1 18 5 8 4 3 24 19 2 15 19 5 10 16 9 21 9 3 4 5 11 2 19 10 2 4 0 28 13 3 4 4 2 3 2 3 7 12 10 319 9 2 53 10 5 357 12 5 251 10 6 969 10 3 445 14 6 21 11 11 159 8 9 113 2 11 5 11 13 12 7 8,499 0 3 14 2 7 34 1 9 0 14 9 18 6 5 54,984 9 3 129 8 5 58 10 7 2 10 6 28 1 9 35 12 0 1 13 0 16 15 8 0 12 6 28 4 10 54,984 9 3 129 8 5 58 10 7 2 10 6 28 1 9 35 12 0 1 13 0 16 15 8 0 12 6 28 4 10 297,202 18 9 Carried forward ... .. ... 503,944 13 5 4,568 11 11 489,820 7 11 14,124 5 6

8.-6

22

Table No. 1—continued.

1912-1913 RECEIPTS. 1913-1914. £ s. d. 2,236,347 7 0 £ s. d. £ s. d. 1,052,981 2 9 Brought forward ~ / -*■ Totals £2,236,347 7 0 £1,052,981 2 9

23

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913—continued.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 10,061 16 11 £ s. d. £ s. d. £ s. d. £ s. d. 4,568 11 11 Brought forward Total. Name of Estate. Purchase-money. Expenses 1 Purchase-money. Incidental Expenses. Total. 297,202 18 9 2 3 6 2 4 0 18 12 5 120 13 8 38 6 3 6 7 2 265 12 6 285 0 10 1 17 11 16 15 5 388 18 3 26,758 2 10 18 13 0 93 1 10 2 6 2 783 17 8 78 9 11 175 6 1 13,888 5 4 3 3 4 3 14 6 3 0 2 Acquirement of Estates, and Expenses incidental thereto— continued. 489,820 7 11 14,124 5 6 Tamai .. .. .. .. ..! .. 370 Tara (R. Meredith) .. .. .. .. 31,710 0 0 302 15 9 Tarawahi .. .. .. .. .. .. 837 Tariki (G. Bee) .. .. .. .. 10,833 4 0 483 0 2 Taumata .. .. .. .. .. .. 980 Tautari .. .. .. .. .. .. 49 2 6 Tawaha .. .. .. .. .. .. 19 12 3 Teanaraki .. .. .. .. .. .. 334 Te Arai .. .. .. .. .. .. 136 6 6 Teasdale .. .. .. .. .. .. 40 18 3 Te Mata .. .. .. .. .. .. 0 9 10 Te Matua .. . • .. .. .. .. 5 18 8 Te Puke (A. Rattray and R. R. G. Rattray) .. 9,309 0 0 78 1 2 Timaunga .. .. .. .. .. .. 192 9 0 Timaunga Extension .. .. .. .. 48 16 0 Tokaora .. .. .. .. .. .. 37 6 1 Tokarahi .. .. .. .. .. .. 46 3 3 Tomoana .. .. .. .. .. .. 0 17 6 Tongoio .. .. .. .. .. .. 21 6 2 Totara .. .. .. .. .. .. 29 8 9 Tripp .. .. .. .. .. .. 132 19 10 Valverde .. .. .. .. .. .. 40 1 0 Waari .. .. .. .. .. .. 13 2 5 Waddington .. .. .. .. .. 3 17 7 Waiapi .. .. .. .. .. .. 14 3 8 Waiarikiki (A. S. McAuley) .. .. .. 18,509 18 1 1 14 1 Waimate .. .. .. .. .. .. 581 7 6 Waihau .. .. .. .. .. .. 2,718 3 4 Waikakahi .. .. .. .. .. .. 420 6 5 Waimana .. .. .. .. .. .. 23 4 11 Waimarie .. .. .. .. .. .. 4 5 10 Waipapa .. .. .. .. .. .. 11 3 4 Waipuka .. .. .. .. .. .. 243 Waitakaruru (Crown lands) .. .. .. 314 13 3 1,290 6 6 Wangapeka.. .. .. .. .. .. 10 4 4 Wharenui .. .. .. .. .. .. 4 11 7 Whitehall .. .. .. .. .. .. 837 Wigan .. .. .. .. .. .. 24 11 8 Wilford .. .. .. .. .. .. 5 18 0 Willows .. .. .. .. .. .. 600 Winchester.. .. .. .. .. .. 345 17 1 Windsor Park No. 1 .. .. .. .. .. 18 9 10 Windsor Park No. 2 .. .. .. .. .. 9 17 1 489,820 7 11 31,710 0 0 10,833* 4 0 9,309' 0 0 14,124 5 6 3 7 0 302 15 9 8 3 7 483 0 2 9 8 0 49 2 6 19 12 3 3 3 4 136 6 6 40 18 3 0 9 10 5 18 8 78 1 2 192 9 0 48 16 0 37 6 1 46 3 3 0 17 6 21 6 2 29 8 9 132 19 10 40 1 0 13 2 5 3 17 7 14 3 8 1 14 1 581 7 6 2,718 3 4 420 6 5 23 4 11 4 5 10 11 3 4 2 4 3 1,290 6 6 10 4 4 4 11 7 8 3 7 24 11 8 5 18 0 6 0 0 345 17 1 18 9 10 9 17 1 503,944 13 5 3 7 0 32,012 15 9 8 3 7 11,316 4 2 9 8 0 49 2 6 19 12 3 3 3 4 136 6 6 40 18 3 0 9 10 5 18 8 9,387 1 2 192 9 0 48 16 0 37 6 1 46 3 3 0 17 6 21 6 2 29 8 9 132 19 10 40 1 0 18 '2 5 3 17 7 14 3 8 18,511 12 2 581 7 6 2,718 3 4 420 6 5 23 4 11 4 5 10 11 3 4 2 4 3 1,604 19 9 10 4 4 4 11 7 8 3 7 24 11 8 5 18 0 6 0 0 345 17 1 18 9 10 9 17 1 27,216 9 5 76,424 17 11 218 0 -4 26 8 3 7 2 5 11 10 0 4 13 5 18,50918 1 46 19 11 2 16 2 8 9 5 44 0 7 4 17 6 12 0 10 170 4 2 37 14 5 20 1 3 31413 3 444,413 17 6 Totals .. .. .. 560,497 3 3 21,331 13 1 581,828 16 4 560,497 3 3 21,331 13 1 581,828 16 4 155,000 0 0 3,200 0 0 345,400 0 0 15,300 0 0 10,000 0 0 39,500 0 0 30,000 0 0 814,766 0 0 [ The Land for Settlements Aot, 1908, the New Zealand State-guaranteed Advanoes Aots, 1909 and 1910, and the New Zealand Loans Act, 1908 — Debentures matured 1st April, 1913, redeemed Repayment of Advances Debentures matured 1st January, 1912, redeemed Debentures matured 1st April, 1912, redeemed Debentures matured 1st May, 1912, redeemed Debentures matured 2nd March, 1913, redeemed .. .. ... Debentures matured 1st April, 1912, redeemed by renewal Debentures matured 1st May, 1912, redeemed by renewal Debentures matured 31st October, 1912, redeemed by renewal 50,000 0 0 11,413,166 0 0 50,000 0 0 234,159 13 8 Interest paid to Consolidated Fund in respect of Debentures issued 247,689 4 10 46 14 4 Interest under subsection (8) of seotion 191 of the Land Act, 1908 15 17 2 9,418 16 3 66,856 11 7 Section 90 of the New Zealand State-guaranteed Advances Aot, 1909, — Interest Sinking Fund 18,500 0 0 18,500 0 0 76,275 7 10 Land Laws Amendment Act, 1913, — Section 63 .. Amount advanced in terms of section 63 of the Land Laws Amendment Aot, 1913, to be set aside for opening up Crown lands for settlement State Advances Act, 1913, — Sinking Fund under section 26 34,171 0 0 3,000 0 0 Charges and Expenses— On issue of Debentures On renewal of Debentures On redemption of Debentures 48,910 5 7 7 19 10 60 2 6 10,483 14 1 10,551 16 5 Balanoe at end of Year, — Cash in the Public Account 64,297 6 11 47,672 0 4 £2,236,347 7 0 Totals £1,052,981 2 9

8.—6

24

Table No. 1—continued.

1912-1913. RECEIPTS. 1913-1914. I I £ s. d. 3,844 0 11 Balance at beginning of Year, — Cash in the Public Aooount £ s. d. . d. j £ s. d. 3,844 0 11 £3,844 Oil Totals £3,844 0 11 STATEMENT of the RECEIPTS and EXPENDITURE of the NA1 riVE LAND SETTLEMEN' £ s. d. 1,823 14 0 Balance at beginning of Year, — Cash in the Public Account Imprests in the hands of the Officers of the Government— In the Dominion £ s. d. £ s. d. 9,630 13 11 £ s. d. 9,630 13 11 2,524 12 10 4,348 6 10 9,630 13 11 The New Zealand Loans Act, 1908,— Native Land Amendment Act, 1913— Instalments received in respeot of £250,000 4-per-cent. ten-years convertible Debenture Loan Debentures issued 218,889 0 0 48,500 0 0 218,889 0 0 48,500 0 0 267,389 0 0 Amount transferred from Maori Land Settlement Account under seotion 27 of the Appropriation Act, 1913 .. .. .. 3,844 0 11 Native Land Act, 1909— Section 379, subsection (1) .. 1,115 18 3 Amount received from the State Advances Office in terms of section 94 of the New Zealand State-guaranteed Advances Act, 1909 135,000 0 0 105,000 0 0 22,912 8 9 Amount received in respect of Survey.Liens .. .. 29,180 7 1 3,503 11 5 Rents, &c. 32,861 15 8 Land-sales .. .. ... .. .. .. .... .... 19,481 13 1 Repayments of Advances by Maori Land Boards under section 274, Native Land Aot, 1909,— Principal Interest 97 16 3 355 3 9 97 16 3 355 3 9 93 15 0 389 5 0 453 0 0 483 0 0 £136,247 7 0 Totals .. £498,956 8 11 £498,956 8 11

25

8.—6

4—B. 6.

STATEMENT of the RECEIPTS and EXPENDITURE of the MAORI LAND SETTLEMENT ACT ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 3,844 0 11 XroSion AcV^^. ??"—? "to "*••»» of the Balance at end of Year,— Cash in the Public Account Totals £ s. d. £ s. d. 3,844 0 11 £3,844 0 11 . £3,844 0 11 » ' ACCOUNT for the Year ended 31st March, 1914, as compared with the Financial Year ended 31st S I I" ' " * ... March, 1913. £ s. d. 49 7 4 £ s. d Annual Appropriation,— Annual Appropriation,— Vote 135—Native-land Purchase Expenses '"I "I J 40 7 4 Vote 135—Native-land Purchase Expenses £ s. d. 1 I £ s. d. 831 17 6 | 106,850 18 9 | 106.850 18 9 ! Expenditure nnrt«r tho A«* Expenditure under the Act ±uo,ouo ro » mxpeuunure unaer the Act 280,490 15 7 14,555 7 0 5,161 0 0 19,716 7 0 Payment to the State Advances Office under section 95 of the New iWW ot.*. ,' guaranteed Advance Am lono *° t """ u *° UI Dae JNew Zealand Stateguacnciteeu Aavances Aot, 1909 «».»...=- Payment to the State Advances Office under section 95 of the New Zealand Srnto guaranteed Advances Act, 1909 — zealana btateInterest Sinking Fund .. "' 14,555 7 0 Interest 5,161 0 0 Sinking Fund " " 20,039 14 6 19,716 7 0 20,039 14 6 \ ! I Native Land Amendment Act, 1913 — Section 113 Native Land Amendment Act, 1913 — Section 113 oeuijioil lid 48,500 0 0 Native Land Aot, 1909,— Seotions 274 and 417 Native Land Aot, 1909, — Seotions 274 and 417 25,000 0 0 Balance at end of Year, — Cash in the Pu»lio Account Imprests in the hands of Officers of the GovernmentIn the Dominion 9,630 13 11 121,888 12 5 2,205 8 11 124,094 1 4 9,630 13 11 £136,247 7 0 Totals £498,956 8 11 |

26

8.—6.

Table No. 1—continued.

1912-1913. RECEIPTS. 1913-1914. Balance at beginning of Year,— Cash in the Public Account Advances in the hands of Stock AgentsCash .. .. ... £ s. d. 14,060 13 2 £ s. d. £ s. d. Dr. 2,059 19 10 828 18 8 901 8 2 14,962 1 4 Dr. 1,231 1 2 4-per-cent. Inscribed Stock, — Issued for conversion on acoount of — £3,500,000 Loan £4,500,000 Loan £1,874,661 0 0 3,018,384 0 0 950 3 6 Issued for expenses of conversion, being amounts in excess of that required to close— £3,000,000 Loan Loan £3,938 3 0 3,224 1 8 4,893,045 0 0 7,162 4 8 4,900,207 4 8" 327,090 0 0 303,090 0 0 24,000 0 0 3J-per-cent. Inscribed Stock,— Issued for conversion of Debentures.. Issued for expenses of conversion I Totals | £326,809 2 4 £4,915,169 6 0

27

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

1912-1913. EXPENDITURE. 1913-1914. £ a. d. Scrip and Debentures converted into 4-per-cont. Inscribed Stock, — Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1901 Aid to Publio Works and Land Settlement Act, 1903 Aid to Publio Works and Land Settlement Act, 1903 Aid to Public Works and Land Settlement Aot, 1908 Aid to Public Works and Land Settlement Act, 1911 Aid to Public Works and Land Settlement Act, 1913 Government Advances to Settlers Act, 1908 New Zealand State-guaranteed Advances Act, 1909-10,— Advances to Settlers New Zealand State-guaranteed Advances Act, 1909-10,— Advances to Settlers State Advanoes Act, 1913,— Advances to Settlers Advances to Workers Local Authorities Branch General Purposes Loan Act, 1873 Government Railways Act, 1908 Land for Settlements Act, 1908 Land Laws Amendment Act, 1913 Native Land Amendment Act, 1913 Naval Defence Act, 1909 Scrip and Debentures converted into 3J-per-eent. Inscribed Stock, — Aid to Public Works and Land Settlement Act, 1896 Aid to Publio Works and Land Settlement Act 1905 ■'UIIUII1IIJ converted. £ 200,000 117,700 30,000 25,000 100,000 1,226,000 209,200 100,000 82,400 566,500 250,000 250,000 500,000 10,800 75,000 365,800 23,400 250,000 433,500 Amount converted. £ Rate. Premium. £ £ 101 ' 2,000 101 1,177 101 300 102 500 101 1,000 101 12,260 102 4,184 101 1,000 101 824 102 11,330 102 5,000 102 5,000 102 10,000 102 216 102 1,500 102 7,316 102 468 102 5,000 102 8,670 Rate. Premium. £ s. d. £ s. d £ £ 200,000 101 ' 2,000 117,700 101 1,177 30,000 101 300 25,000 102 500 100,000 101 1,000 1,226,000 101 12,260 209,200 100,000 102 4,184 101 1,000 82,400 101 824 566,500 102 11,330 250,000 250,000 500,000 10,800 75,000 365,800 23,400 250,000 433,500 102 5,000 102 5,000 102 10,000 102 216 102 1,500 102 7,316 102 468 102 5,000 102 8,670 300,000 0 0 3,090 0 0 303,090 0 0 4,815,300 77,745 4,893,045 0 0 4,893,045 0 0 62 7 6 1,775 0 0 6,358 13 1 456 0 5 105 0 0 Expenses Account, — Brokerage and Commission Disoount Stamp Duty Rent and Office Expenses Inoome-tax on Dividends .. 17 19 6 68 18 5 13,593 2 8 543 13 9 14,223 14 4 8,757 1 0 14,060 13 2 Balance at end of Year, — Cash in the Public Account Advances in the hands of Stock Agents— Gash 7,105 3 2 901 8 2 795 8 6 7,900 11 8 14,962 1 4 Totals £4,915,169 6 0 £326,809 2 4

8.—6

28

Table No. 1— continued.

1912-1913. RECEIPTS. 1913 1914. I £ s. d. Balance at beginning of Year, — 7,256 13 7 Cash in the Public Account •• £ s. d. £ s. d. 4,956 13 7 Refund under section 64 of the Local Bodies' Loans Act, 1908, — Counties— I . Waimairi 525 19 5 _, £7,256 13 7 !7,256 13 7 Totals .. £5,482 13 0 Stateme: T o! the RECEIPTS AND EXPENDITURE of the OPENING UP CRO N LANDS 'OR SETTLE- £ s. d. Balance at beginning of Year, — Cash in the Public Aocount Imprests in the hands of Officers of the Government — In the Dominion .. .. .. .. .. .. £ s. d. £ s. d. 19,836 12 10 7,905 11 4 248 18 9 2,498 19 7 10,404 10 11 20,085 11' 7 ! .. "•'- Land Laws Amendment Act, 1913, — Section 63 34,171 0 0 Amount received from the State Advances Office in terms of section 77 of the New Zealand State-guaranteed Advanoes Act, 1909 .. ..■'-.. 63,955 0 0 38,270 0 0 £58,355 11 7 Totals ."."" .. .. .. £108,530 10 11

29

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS TO LOCAL BODIES ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

1912-1913. EXPENDITURE. 1913914. £ s. d. 500 0 0 200 0 0 250 0 0 Loans under the Local Bodies' Loans Act, 1908,— Counties— Clifton Kawhia Raglan Waipa Whangamomona £ s. d. 150 0 0 380 0 0 £ s. d. 950 0 0 530 0 0 Boroughs— Lower Hutt Waipawa 870 0 0 870 0 0 1,000 0 0 1,000 0 0 River Boards— Hutt 1,000 0 0 300 0 0 50 0 0 Drainage Boards— Oroua ., - ., .. Sohth Hautapu 350 0 0 2,300 0 0 Total Loans 2,400 0 0 Transfer to State Advanoes Aocount in terms of section 72 of the Local Bodies' Loans Act, 1913 3,082 13 0 4,956 13 7 Balanoe at end of Year,— Cash in the Publio Acoount £7,256 13 7 Totals .. £5,482 13 0 MENT ACCO 'NT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st Marc: :, 1913. £ 8. d. Annual Appropriation,— 47,951 0 8 : Vote 126—Roads to open up Crown Lands Balance at end of Year, — 7,905 11 4! Cash in the Publio Aocount . Imprests in the hands of Officer's of the Government— 2,498 19 7 In the Dominion 10,404 10 11 £58,355 11 7 J Totals .. £ s. d. 44,588 11 6 696 15 10 £ s. d. 63,245 3 7 45,285 7 4 £58,355 11 7 . £108,530 10-11

8.—6

30

Table No. 1—continued.

1912-1913. RECEIPTS. 1913-1914. £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 7,445 1 9: Cash in the Public Account .. .. .. .. .. 2,778 5 1 Imprests in the hands of Officers of the Government— 76 9 2 In the Dominion .. .. .. .. .. .. 2,778 5 1 7,521 10 11 Receipts under sectiou 5 of the Hauraki Plains Act, 1908,— 1,245 0 0 Land Sales .. .. .. •• •■ •• •• 757 10 0 5,167 19 1 Perpetual Leases .. .. •• •• •• •• 6,718 2 3 451 16 4 Miscellaneous .. .. • • • ■ • • • • 659 2 5 8,134 14 8 6,864 15 5 Amount reoeived from the State Advanoes Office in terms of section 84 of the New 15,000 0 0 Zealand State-guaranteed Advances Act, 1909 .. .. .. .. .. 10,000 0 0 The New Zealand Loans Act, 1908, — Hauraki Plains Amendment Act, 1913, — Debentures issued .. .. .. ■■ ■■ ■■ •■ •• 5,000 ff 0 £29,386 6 4 Totals .. .. .. .. .. .. .. £25,912 19 9 —1 £25,912 19 9 -=\ i STATEMENT of the RECEIPTS and EXPENDITURE of the NATIONAL ENDOWMENT £ s. d. £ s. d. £ ' 8. a. 63,446 5 3 Balance at beginning of Year, — Cash in the Public Aocount 73,841 12 5 94,965 6 2 Rents, &c, from National Endowment Lands .. 88,235 4 10 Totals £162,076 17 3 £158,411 11 5 TATEMENT of the RECEIPTS and EXPENDITURE of the WORKERS' DWELLINGS £ s. d. Balance at end of Year, — Cash in the Public Account Proceeds of sale of Workers' Dwellings under seotion 16 of the Workers' Dwellings 2,958 8 3 i Act, 1910 £ s. d. £ s. d. 2,958 8 3 3,672 18 8 £2,958 8 3 Totals ... £6,631 6 11 STATEMENT of the RECEIPTS and EXPENDITURE of the MINING £ — ■——— —- ; | s. d. Subsection (4), Section 4, Mining Amendment Act, 1913, — £ S. d. Amount received from the State Advances Office — Being balance of £10,000 raised for the Teviot-Molyneux Gold-mining Company j under Section 88 of the New Zealand State-guaranteed Advances Act, 1909 8,320 0 0 Being balance at credit of Profit and Loss Acoount .. .. .. 66 6 7 £ s. d. 8,386 6 7 no ooc a n Totals —■—i| £8,386 6 7 £8,386 6 7 1 r ___

31

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the HAURAKI PLAINS SETTLEMENT ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. £ s. d. £ s. d. 22,695 10 7 Expenditure under the Act .. .. .. .. .. .. .. .. 18 992 18 7 £ s. d. 22,695 10 7 £ s. d. 18,992 18 7 Payment of Principal and Interest under section 84 of the New Zealand State 3,912 10 8 guaranteed Advances Act, 1909 .. .. .. .. .. .. ., 2 474 16 1 3,912 10 8 2,474 16 1 The New Zealand Loans Aot, 1908, — Hauraki Plains Amendment Act, 1913 — Charges and expenses .. .. .. .. .. .. ,. ,, 036 0 3 6 i Balance at end of Year,— 2,778 5 1 Cash in the Public Account .. .. .. .. .. .. ,. 4 445 1 7 2,778 5 1 4,445 1 7 I £29,386 6 4 Totals .. £25,912 19 9 I r — £29,386 6 4 £25,912 19 9 ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913. £ s. d. ; Annual Appropriation-,— £ s d £ s d 2,688 12 9 Vote 127 —Roads to open up National Endowment Lands .. .. .. .. 4 281 15 1 £ s. d. 2,688 12 9 81,881 6 3 Expenditure under the Land Act, 1908 .. .. .. .. ., 77 308 7 2 i Balance at end of Year, — 73,84112 5 Cash in the Publio Aocount .. .. .. .. .. ., 80 486 15 0 81,881 6 3 73,841 12 5 ; £158,411 11 5 Totals .. £162,076 17 3 — £158,411 11 5 £162,076 17 3 .CCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31i .t March, 1913. £ s. d. 2,958 8 3 Balance at end of Year— Cash in the Public Account £ s. d. £ s. d. 6,631 6 11 £2,958 8 3 Totals £6,631 6 11 .DVANCES ACCOUNT for the Year ended 31st March, 1914. £ s. d. ! Advances, — Teviot-Molyneux Gold-mining Company Ross Goldfields Reconstructed (Limited) £ s. d. 5,478 3 1 1,898 0 0 £ s. d. 7,376 8 1 State Advances Act, 1913, seotion 26, — Sinking fund 100 0 0 Balance at end of Year, — Cash in the Publio Account 910 3 6 Totals .. £8,386 6 7

8.—6

32

Table No. 1—continued.

1912-1913. RECEIPTS. 1913-1914. - £ s. d. 132,300 0 0 Balance at beginning of Year, — Cash in the Public Account £ p. d. £ s. d. 537,997 0 0 The New Zealand Loans Act, 1908, — State Advances Act, 1913, — Advances to Settlers Branch— Instalments received in respect of £250,000 4-per-cent. ten-years convertible Debenture Ijoan Advances to Workers Branch— Instalments received in respect of £250,000 4-per-cent. ten-years convertible Debenture Loan Local Authorities Branoh— Instalments received dn respect of £500,000 4-per-cent. ten-years convertible Debenture Loan 218,889 0 0 218,889 0 0 437,779 0 0 875,557 0 0 137,618 0 0 750,000 0 0 117,300 0 0 The New Zealand State-guaranteed Advances Acts, 1909 and 1910, — Advances to Settlers Branch— 4-per-cent. Inscribed Stock created and issued, 1943-63 issue Instalments received in respect of £200,000 4-per-cent. Stock Loan, 1943-63 issue Interest on overdue instalments Amount received in respect of £750,000 Loan authorized Proceeds of Loan to pay off advances obtained for redemption of Debentures Proceeds" of 3J-per-cent. Stock for redemption of Debentures matured 1st April, 1912 Issues in renewal of Debentures matured 23rd October, 1912 Amount received from the New Zealand State-guaranteed Advances Office for redemption of Debentures matured 1st April, 1912 125,000 0 0 62,382 0 0 0 6 5 •■ 536,100 0 0 750,000 0 0 37,186 0 0 187,382 6 5 ,328,204 0 0 103,213 0 0 750,000 0 0 Advances to Workers Branoh— Instalments received in respect of £150,000 4-per-cent. Stock Loan, 1943-63 issue .. .. .. .. .. .. Interest on overdue instalmentsAmount received in respect of £750,000 Loan authorized Proceeds of Sale of 3J-per-cent. Stock for redemption of Debentures matured 1st April, 1912 Debentures issued Amount received from New Zealand State-guaranteed Advances Office for redemption of Debentures matured 1st April, 1912 Temporary advances 46,787 0 0 0 5 0 133,500 0 0 7,000 0 0 7,343 0 0 100,000 0 0 46,787 5 0 ,101,056 0 0 206,427 0 0 Land for Settlements Branch— 4-per-cent. Inscribed Stock created and issued, 1943-63 issue Instalments received in respect of £300,000 4-per-cent. Stock Loan, 1943-63 issue Interest on overdue instalments Proceeds of 4-per-cent. Stock Loan for redemption of Debentures maturing 1st April, 1913 Amount in respect of £210,000 Loan authorized 100,000 0 0 93,573 0 0 0 11 5 50,000 0 0 210,000 0 0 193,573 11 5 466,427 0 0 275,236 0 0 Local Authorities Branch — Instalments received in respect of £400,000 4-per-cent. Stock Loan, 1943-63 issue Interest on overdue instalments .. ... 4-per-cent. Inscribed Stock created and issued, 1943-63 issue 124,764 0 0 0 12 10 75,000 0 0 199,764 12 10 275,236 0 0 4-per-cent. Inscribed Stock created tocover expenses of raising Loan — Advances to Settlers Branch Advances to Workers Branch .. .. ... Land for Settlements Branch Local Authorities Branch 8,737 9 2 6,553 1 10 15,290 11 0 17,474 18 3 48,056 0 3 3J-per-cent. Inscribed Stock created to cover expenses of raising Loan— Advances to Settlers Branch Advances to Workers Branch Land for Settlements Branch Local Authorities'Branch 1,666 13 4 1,250 0 0 2,916 13 4 3,333 6 8 9,166 13 4 Guaranteed Mining Advances Branch--Debentures issued 10,000 0 0 1 1 11 Interest on overdue Instalments 27,763 4 0 24,008 6 1 6,722 6 6 Proceeds of Sale of 4-per-cent. Inscribed Stock created to cover expenses of raising Loan— £ Advances to Settlers Branch .. .. .. .. ... 867,300 Advances to Workers Branch .. .. .. .. .. 750,000 Land for Settlements Branch .. .. .. .. .. 210,000 58,493 16 7 14,371,717 18 6 Totals £2,098,284 9 3

B,— 6.

STATEMENT of the RECEIPTS and EXPENDITURE of the STATE ADVANCES LOAN ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

s—B. 6.

33

1912-1913. EXPENDITURE. 1913 1914. ! £ s. d. Amounts paid over to the State Advances Office Account on account of Loan, — Advances to Settlers Branch Advances to Workers Branch Land for Settlements Branch .. .. .. ;. Local Authorities Branch Guaranteed Mining Advances Branch £ s. d. 263,343 1 0 150,000 0 0 273,877 12 0 474,155 15 0 £ s. i. 310,000 0 0 757,000 0 0 384,497 0 0 10,000 0 0 1,161,376 8 0 1,461,497 0 0 ' 27,763 14 5 24,008 15 1 6,722 9 0 The New Zealand State-guaranteed Advances Acts, 1909 and 1910, — Charges and Expenses authorized by the New Zealand Loans Aft, 1908 — On issue of Debentures and Stock— £ P. d. Advances to Settlers Branoh .. .. .. .. 12,061 7 11 Advances to Workers Branch .. ., .. .. 7,803 6 10 Land for Settlements Branch .. .. .. .. 19,833 3 9 Local Authorities Branch .. .. .. .. 21,653 2 9 61,351 1 3 58,494 18 6 On redemption of Debentures— Advances to Settlers Branch Advances to Workers Branch 61,351 1 3 29,486 10 0 7,342 10 0 36,829 0 0 I The Government Advances to Settlers Act, 1908, — Advances to Settlers Branoh— Debentures matured 1st April, 1912, redeemed .. Debentures matured 23rd October, 1912, redeemed by renewal ■'■ j 676,100 0 0 750,000 0 0 1,426,100 0 0 133,500 0 0 Advances to Workers Branch— Debentures matured 1st April, 1912, redeemed The New Zealand State-guaranteed Advances Act, 1909, — Advances to Settlers Bjanch— Temporary advances repaid Temporary advances on Reserve Fund si cnrities repaid 500,000 0 0 117,300 0 0 617,300 0 0 100,000 0 0 Advances to Workers Branoh— Temporary advances repaid 537,907 0 0 Balance at end of Year, — Cash in the Public Account .. ....... Investment Account .. .. 557 0 0 875,000 0 0 875,557 0 0 537,997 0 0 Totals 371 717 18 fi £2,098,284 9 3

34

8.—6

Table No. 1- continued.

1912-1913. RECEIPTS. 1913-1914. . £ s. d. £ s. d. £ a. d. 12,931 18 1 1,248 11 9 Balance at beginning of Year, — Cash in the Publio Account .. .. .. .. .. .. 7,914 8 2 Imprests in the hands of Officers of the Government — In the Dominion .. .. .. .. .. .. .. 1,684 6 3 9,598 14 5 7,914 8 2 1,684 6 3 ; 9,598 14 5 14,180 9 10 Receipts under the Rangitaiki Land Drainage Act, 1910 .. .. .. .. 110 2 11 621 10 7 110 2 11 10,000 0 0 Advances received from the State Advances Office under Section 5 of the Rangitaiki Land Drainage Act, 1910 .. .. .. .. .. .. 5,000 0 0 5,000 0 0 The New Zealand Loans Aot, 1908,— Rangitaiki Land Drainage Amendment Act, 1913— Debentures issued .. .. .. .. .. .. .. .. 5,000 0 0 5,000 0 0 £24,802 0 5 Totals .. .. .. .. .. .. .. £19,708 17 4 £19,708 17 4 STATEMENT of the RECEIPTS and EXPENDITURE of the BANK OP NEW ZEALAND ACT, 1903, £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — 500,000 0 0 Investment Account .. .. .. .. .. .. .. j .. 500,000 0 0 £500,000 0 0 Totals .. .. .. .. .. .. | .. £500,000 0 0 ~— _ , : . m TT^—^ m ————-'^^^~\ STATEMENT of the RECEIPTS and EXPENDITURE of the RESERVE FUND ACCOUNT £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — 800,000 0 0 Investment Account .. .. .. .. .. .. ... .. 800,000 0 0 The Public Revenues Act, 1910,— The Reserve Fund Securities Act, 1907, and New Zealand Loans Act, 1908— 800,000 0 0 Debentures matured 1st August, 1912, renewed 81 £1,600,000 0 0 1,600,000 0 0 Totals .. .. .. .. .. .. .. £800,000 0 0 £800,000 0 0 ■\ jS ACCOUNT STATEMENT of the RECEIPTS and EXPENDITURE of the NEW ZEALAND CONSOLS ACCOUNT ND CONSO £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — 6 14 0 Cash in Deposit Account .. .. .. .. .. .. .. 6 14 0 474,105 0 0 Investment Account .. .. .. .. .. .. .. 475,885 0 0 475,891 14 0 474,111 14 0 £ s. d. 6 14 0 475,885 0 0 £ s. d. 475,891 14 0 11-± , i j. y. -Li* 1,780 0 0 Deposits inscribed .. .. .. .. .. .. .. .. .. 100 0 0 174,111 14 0 1,780 0 0 100 0 0 £475,891 14 0 Totals .. .. .. .. .. .. .. £475,991 14 0 £475,891 14 0 £475,991 14 0

35

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the RANGITAIKI LAND DRAINAGE ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913.

1912-1913. EXPENDITURE. 1913-1914. £ s. d. 15,203 6 0 £ s. d. £ s. d. 17,873 3 6 15,203 6 0 Expenditure under the Aot ■ 7,914 8 2 1,684 6 3 7,914 8 2 Balance at end of Year, — Cash in the Publio Aocount .. .. .. .. .. .. 1,835 13 Imprests in the hands of Officers of the Government— In the Dominion 1,835 13 10 1,835 13 10 1,684 6 3 9,598 14 5 £24,802 0 5 9,598 14 5 Totals £24,802 0 5 £19,708 17 4 ———— ACCOUNT for the Year ended 31st March, 1914, compared with the Financial Year ended 31st March, 1913. £ s. d. Balance at end of Year, — 500,000 0 0 Investment Aocount £500,000 0 0 Totals £ s. d. 500,000 0 0 £ s. d. £ s. d. 500,000 0 0 £500,000 0 0 £500,000 0 0 £500,000 0 0 lor tha Year endai 31st March, 1914, oompared with the Financial Year ended 31st March, 1913. £ s. d. 800,000 0 0 The Reserve Fund Securities Act, 1907, and New Zealand Loans Act, 1908, — Debentures matured 1st August, 1912, renewed .. Xt s. d. £ s. d. 800,000 0 0 Balance at end of Year, — Investment Acoount 800,000 0 0 £1,600,000 0 0 Totals £800,000 0 0 £800,000 0 0 id 31st March, 1914, compared with the Financial Year ended 31st March, 1913. for the Year endi £ s. d. £ s. d. £ s. d. 6 14 0 475,885 0 0 Balance at end of Year, — Cash in Deposit Account Investment Account 106 14 0 475,885 0 0 475,991 14 0 £475,891 14 0 Totals .. £475,991 14 0

36

8.—6

Table No. 1—continued.

i 1912-1913. RECEIPTS. 1913-1914. & s. a. £ s. d. £ s. d. New Zealand Loans Act, 1908 : — £3,500,000 Loan raised for redemptions,— Government Advances to Settlers Act, 1908 (due 13th November, 1913) .. .. .. .. .. .. .. (£100,000) I Aid to Public Works and Land Settlement Act,. 1900 ,.. .. (£200,000) Aid to Public Works and Land Settlement Act, 190i .. .. (£117,700) Aid to Public Works and Land Settlement Act, 1903 .. .. (£30,000) Aid to Public Works and Land Settlement Act, 1904 .. .. (£565,500) Aid to Public Works and Land Settlement Act, 1908 .. .. (£100,000) Aid to Public Works and Land Settlement Act, 1911 .. .. (£1,226,000) New Zealand State-guaranteed Advances Acts, 1909 and 1910— Advances to Settlers .. .. .. .. .. (£200,800) Advances to Workers .. .. .. .. .. (£750,000) Land for Settlements .. .. .. .. .. (£210,000) Due 1st July, 1914 .. .. .. £3,400,000* * Instalments 3,500,000 0 0 Interest on overdue instalments 113 0 I £1,476,600 Loan raised for redemptions (part of £4,500,000 Loan),— £ General Purposes Loan Act, 1873 (due 15th May, 1914) .. 10,800 Aid to Public Works and Land Settlement Act, 1903 (due 30th June, 1914) .. .. .. .. .. .. 25,000 Government Railways Act, 1908 (due 30th June, 1914) .. .. 75,000 Land for Settlements Act, 1908 (due 30th June, 1914) .. 281,500 Land for Settlements Act, 1908 (due 1st July, 1914) .. .. 84,300 Naval Defence Act, 1909 (due 1st July, 1914) .. .. .. 433,500 New Zealand State-guaranteed Advances Acts, 1909 and 1910— Advances to Settlers (due 1st July, 1914) .. .. .. 566,500 £1,476,600* * Instalments 1,202,844 0 0 4-per-cent Inscribed Stock, 1929 Issue, — Created for redemption of £17,500 debentures due 15th January, 1914, under the Government Advances to Settlers Act, 1908 .. .. Created for redemption of debentures due 1st July, 1914, under the New j Zealand State-guaranteed Advances Acts, 1909 and 1910 (Advances to Settlers) Created for part charges and expenses of £3,500,000 Loan .. Created for balance charges and expenses of £3,500,000 Loan .. - . 18,000 0 0 245,450 18 4 100,000 0 0 100,000 0 0 27,450 18 4 Debentures issued in renewal: — New Zealand Loans Act, 1908, — Government Advances to Settlers Act, 1906— Matured 1st January, 1914, renewed to 1st January, 1919 Aid to Public Works and Land Settlement Act, 1911— Matured 31st March, 1914, renewed to 31st March, 1915 62,900 0 0 12,900 0 0 50,000 0 0 Transfer from Public Works Fund, being gross proceeds of sale of £100,000 Now Zealand 4-per-cent. Inscribed Stock (1929 Issue) at 100J, for redemption of debentures due 13th November, 1913, under the Aid to Public Works and Land Settlement Act, 1908 .. .. ' .. .. Dairy Industry Act, 1908,— Amount applied by the Public Trustee in redemption of debentures in terms of Appropriation Act, 1913 (Sections 22 and 23) 100,250 0 0 1,781 0 0 Totals .. £5,203,237 1 4 The Treasu: •y, Wellington, 27th April, 1914.

8.—6

37

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1914.

G. F. C. Campbell, Secretary to the Treasury. A. O. GIBBES, Examined and found correct. Accountant to the Treasury. Bobert J. Collins, Controller and Auditor-General.

1912-1913. EXPENDITURE. 1913-: [914. £ s. d. Debentures Redeemed:— New Zealand Loans Act, 1908, — Aid to Public Works and Land Settlement Act, 1908 (due 13thJNovember, 1913) Government Advances to Settlers Act, 1908 (due 13th November, 1913) Government Advances to Settlers Act, 1908 (due 15th January, 1914) Dairy Industry Act, 1908 (due 1st August, 1915, £438; and 1st January, 1916, £1,343) H 100,1 100,1 17,! 1,' £ s. d. 100,000 0 0 100,000 0 0 17,500 0 0 £ s. d. Debentures Redeemed by Renewal:— New Zealand Loans Act, 1908, — Government Advances to Settlers Act, 1906 — Matured 1st January, 1914 Aid to Public Works and Land Settlement Act, 1911 — Matured 31st March, 1914 12, 60,i 1,781 0 0 219,281 0 0 12,900 0 0 62,900 0 0 50,000 0 0 Expenses Account :— New Zealand Loans Act, 1908, — Aid to Public Works and Land Settlement Act, 1900 Aid to Public Works and Land Settlement Act, 1901 Aid to Public Works and Land Settlement Act, 1903 .. Aid to Public Works and Land Settlement Act, 1904 Aid to Public Works and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Act, 1910 Aid to Public Works and Land Settlement Act, 1911 Government Advances to Settlers Act, 1908 Naval Defence Act New Zealand State-guaranteed Advances Acts, 1909 and 1910 — Advances to Settlers Advances to Workers Land for Settlements .. .. .. .. 7, 4, 1, 21, 3, 45, 4, 1 10,' 28,' 7, 7,492 15 5 4,409 10 0 1,123 18 6 21,185 15 8 3,997 7 9 285 12 7 45,930 12 9 4,025 3 6 453 9 8 134,965 10 9 10,095 19 4 28,097 17 5 7,867 8 2 Balance at end of year,— Cash in the Public Account Investment Account .. .. .. .. .. .. .. 4 37, 4,748, 37,690 10 7 4,748,400 0 0 [,786,090 10 7 I : .-.■-.:' 2. .... Totals £5,203,237 1 4

Table No. 1- conti nued. SUMMARY of BALANCES on 31st MARCH, 1914.

8.—6.

38

Balances. Cash. Imprests. Investmonts. Total. £ s. A. £ s. d. £ s. d. £ s. d. £ r. d. £ s. d. Consolidated Fond :— Ordinary Revenue Account State Forests Account State Coal-mines Account Soenery Preservation Account .. Naval Defence Act Aocount Accounts of Local Bodies Deposit Accounts 426,905 2 5 13,855 10 3 31,217 0 3 1,427 13 4 7,044 0 9 11,818 1 8 172,331 2 6 664,598 11 2 Consolidated Fund :— Ordinary Revenue Account .. 378,875 3 0 State Forests Account.. .. 13,588 17 2 State Coal-mines Account .. 30,694 15 4 Scenery Preservation Account .. 1,427 13 4 Naval Defence Act Aocount .. 7,044 0 9 Accounts of Local Bodies .. 11,745 0 3 Deposit Accounts .. .. 143,111 0 9 586,486 10 7 378,875 3 0 13,588 17 2 30,694 15 4 1,427 13 4 7,044 0 9 11,745 0 3 143,111 0 9 48,029 19 5 266 13 1 522 4 11 73 1 5 29,220 1 9 426,905 2 5 13,855 10 3 31,217 0 3 1,427 13 4 7,044 0 9 11,818 1 8 172,331 2 6 i 586,486 10 7 78,112 0 7 •• 664,598 11 2 Public Wokrs Fund . 1,178,583 19 8 Public Works Funi. .. .. 1,142,577 16 10 10,000 0 0 1,178,583 19 8 26,006 2 10 Wellington-Hutt Railway and Road Improvement Account The Railways Improvements Account The Waihou and Ohinemuri Rivers Improvement Account .. Aid to Wateb-power Works Account Irrigation and Water-supply Account Native Land Settlement Account Land for Settlements Account.. Cheviot Estate Account Opening up Crown Lands for Settlement Account Hauraki Plains Settlement Account National Endowment Account .. Rangitaiki Land Drainage Account Workers' Dwellings Account .. ] Conversion Account • .. State Advances Loan Account .. New Zealand Consols Account.. Reserve Fund Account.. Bank of New Zealand Act, 1903, Account Loans Redemption Account Mining Advances Account Total .. 358 15 11 5,529 15 6 85,287 6 9 37,162 16 1 1,709 4 10 124,094 1 4 64,297 6 11 87,148 7 5 45,285 7 4 4,445 1 7 80,486 15 0 1,835 18 10 6,631 6 11 7,900 11 8 875,557 0 0 475,991 14 0 800,000 0 0 500,000 0 0 4,786,090 10 7 910 3 6 £9,833,904 10 0 Wellington-Hutt Railway and Road Improvement Account .. 358 15 11 The Railways Improvements Ac count .. .. .. 5,529 15 6 The Waihou and Ohinemuri Rivers Improvement Account .. 25,287 6 9 Aid to Water-power Works Account .. .. .. 37,162 16 1 Irrigation and Water-supply Account .. .. .. 1,709 4 10 Native Land Settlement Account 121,888 12 5 Land for Settlements Account.. 64,297 6 11 Chi:viot Estate Account .. 37,148 7 5 Opening up Crown Lands for Settlement Account .. .. 44,588 11 6 Hauraki Plains Settlement Account .. .. .. 4,445 1 7 National Endowment Account .. 80,486 15 0 Rangitaiki Land Drainage Ac- i count .. .. ■ • 1,835 13 10 Workers' Dwellings Account .. 6,631 6 11 Conversion Account .. .. 7,105 3 2 State Advances Loan Account .. 557 0 0 New Zealand Consols Account.. 106 14 0 Reserve Fund Account Bank of New Zealand Act, 1903, Account Loans Redemption Account .. | 37,690 10 7 Mining Advances Account .. 910 3 6 Totals .. .. .. £2,206,803 13 4 2,205 8 11 696 15 10 60,000 0 0 50,000' 0 0 358 15 11 5,529 15 6 85,287 6 9 37,162 16 1 1,709 4 10 124,094 14 64,297 6 11 87,148 7 5 45,285 7 i 4,445 1 7 80,486 15 0 795 8 6 875,000 0 0 475,885 0 0 800,000 0 0 1,835 13 10 6,631 6 11 7,900 11 8 875,557 0 0 475,991 14 0 800,000 0 0 500,000 0 0 4,748,400 0 0 500,000 0 0 4,786.090 10 7 • 910 3 6 • • £107,815 16 8 £7,519 ,285 0 0 £9,833,904 10 0 I : ' i

39

8,-6

Table No. 1- continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1914, compared with the Sums voted under the Appropriation Act, 1913.

5 b Issued. iprests. Total. Voted. Amount Unissued. ! - i Issued IN Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. ' 1 2 3 Class I.—Legislative Departments :— Legislative Council House of Representatives General Expenses £ s. d. ! 1,764 17 7 12,339 9 1 29,687 1 2 £ s. d. 22 17 6 25 15 9 £ s. d. 1,764 17 7 12,316 11 7 29,661 5 5 £ s. d. £ s. d. 1,764 17 7 12,316 11 7 29,661 5 5 £ s. d. 1,712 0 0 10,982 0 0 29,988 0 0 £ s. d. 326 14 7 £ s. d. 52 17 7 1,334 11 7 Total Class I .. .. .. j 43,791 7 10 ■ 43,791 7 10 ' 48 13 3 48 13 3 43,742 14 7 43,742 14 7 43,742 14 7 42,682 0 0 326 14 7 ' 1,387 9 2 . 4 5 il 7 8 9 10 Class II. —Department of Finance :— Treasury Department .. .. .. '■ National Provident Fund and Friendly Societies Office Rates on Crown Lands Rates on Native Lands Land and Income Tax Department Pensions Department Treasury : Miscellaneous Services 13,127 1 4 6,797 18 8 77 4 11 0 6 2 27,184 17 2 11,616 1 5 13,044 12 0 13,127 1 4 6,797 18 8 77 4 11 0 6 2 27,184 17 2 11,616 1 5 13,044 12 0 896 17 4 21 1 1 492 3 9 24 12 10 1,429 2 4 896 17 4 21 1 1 492 3 9 24 12 10 1,429 2 4 12,230 4 0 6,776 17 7 77 4 11 0 6 2 26,692 13 5 11,591 8 7 11,615 9 8 12,230 4 0 6,776 17 7 77 4 11 0 6 2 26,692 13 5 11,591 8 7 11,615 9 8 38 8 6 j 12,230 4 0 6,815 6 1 77 4 11 0 6 2 26,692 13 5 11,591 8 7 11,615 9 8 12,788 0 0 7,250 0 0 '• 350 0 0 50 0 0 28,417 0 0 11,786 0 0 10,331 0 0 557 16 0 434 13 11 272 15 1 49 13 10 1,724 6 7 194 11 5 1,284 9 8 I Total Class II 71,848 1 8 71,848 1 8 2,863 17 4 2,863 17 4 68,984 4 4 68,984 4 4 ; 38 8 6 69,022 12 10 70,972 0 0 I 3,233 16 10 1,284 9 8 11 12 13 14 15 16 Class III. —Post and Telegraph Department :— Postal and Telegraph Salaries Conveyance of Mails by Sea Conveyance of Inland Mails Carriage of Mails by Railway Maintenance of Telegraph and Telephone Lines Miscellaneous Services 746,597 12 2 4 105,298 5 2 2 90,647 8 6 77,049 1 11 92,582 3 9 170,620 11 0 2 746,597 12 2 105,298 5 2 90,647 8 6 77,049 1 11 92,582 3 9 170,620 11 0 47,189 7 6 22,687 13 8 6,269 11 4 1 10 0 6,484 4 4 29,279 7 3 47,189 7 6 22,687 13 8 6,269 11 4 1 10 0 6,484 4 4 29,279 7 3 699,408 4 8 82,610 11 6 84,377 17 2-1 77,047 11 11 86,097 19 5 ; 141,341 3 9 699,408 4 8 82,610 11 6 84,377 17 2 77,047 11 11 86,097 19 5 141,341 3 9 30 9 5 699,438 14 1 I 705,627 0 0 82,610 11 6 ; 84,113 0 0 84,377 17 2 i 82,650 0 0 77,047 11 11 ' 77,180 0 0 86,097 19 5 : 75,000 0 0 141,341 3 9 140,638 0 0 | 6,188 5 11 1,502 8 6 132 8 1 1,727 17 2 11,097 19 5 703 3 9 Total Class III .. .. .. 1, 1,282,795 2 6 ,282,795 2 6 11 111,911 14 1 1,170,883 8 5 11,911 14 1 1, ,170,883 8 5 30 9 5 1,170,913 17 10 1,165,208 0 0 7,823 2 6 13,529 0 4 .. Class IV. —Working Railways Department :— Working Railways .. .. .. .. 3, i ,445,805 0 4 44 441,624 5 41,624 5 7 3, 7 J3,004, 180 14 9 ,004,180 14 9 48 5 0 3,004,228 19 9 2,958,294 0 0 i 17 3,445,805 0 4 ] 45,934 19 9 Total Class IV .. .. ..3, 13,445,805 0 4 ,445,805 0 4 44 441,624 5 7 ;3,004, 180 14 9 41,624 5 7 3, ,004,180 14 9 48 5 0 3,004,228 19 9 12,958,294 0 0 45,934 19 9 18 19 20 Class V.—Public Buildings, Domains, and Main- _ tenance of Roads: — Public Buildings Government Domains Maintenance and Improvement of Roads.. 83,792 6 3 2,588 1 3 44,031 5 3 83,792 6 3 2,588 1 3 44,031 5 3 4,915 5 5 12 18 0 17 5 9 4,915 5 5 12 18 0 17 5 9 78,877 0 10 2,575 3 3 44,013 19 6 78,877 0 10 2,575 3 3 44,013 19 6 43 10 3 78,877 0 10 2,575 3 3 44,057 9 9 _] 81,659 0 0 2,982 0 0 45,000 0 0 2,781 19 2 406 16 9 942 10 3 Total Class V 130,411 12 9 4,945 9 2 4,945 9 2 125,466 3 7 125,466 3 7 125,509 13 10 129,641 0 0 4,131 6 2 130,411 12 9 43 10 3

40

B.— 6

Table No. 1- continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.-Continued.

O > Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Net Expenditure.) Imprests. Total. Credits. 1 21 I 22 ! 23 24 25 Class VI. —Native Department :— Native Department Native Land Court Maori Lands Administration Maori Councils Miscellaneous Services £ s. d. 2,774 11 6 14,249 7 10 6,070 5 1 150 5 6 • 887 14 7 £ s. d. 35 6 0 62 2 4 17 12 6 £ s. d. 2,739 5 6 14,187 5 6 6,052 12 7 150 5 6 856 4 11 £ s. d. 354 16 7 32 7 0 £ s. d. 2,739 5 6 14,542 2 1 6,084 19 7 150 5 6 856 4 11 £ s. d. 3,175 0 0 15,150 0 0 6,683 0 0 350 0 0 1,306 0 0 £ s. d. 435 14 6 607 17 11 598 0 5 199 14 6 449 15 1 £ s. d. 31 9 8 Total Class VI i 24,132 4 6 146 10 6 23,985 14 0 387 3 7 24,372 17 7 26,664 0 0 2,291 2 5 _ i 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Class VII. —Justice Department :— Department of Justice Crown Law Office Patent Office Supreme Court Bankruptcy Magistrates' and Wardens' Courts Criminal Prosecutions Coroners Justice : Miscellaneous Services.. Prisons Police Department Police : Miscellaneous Services .. Stamp Department Lands and Deeds Registry 2,504 17 6 5,733 19 6 1,662 8 4 10,644 9 € 3,750 4 11 67,441 11 S 9,671 0 i 4,498 18 f. 16,805 12 i 56,311 2 : 215.691 10 J 1,608 9 ! 13,197 11 i 30,699 9 i 2.504 17 6 5,733 19 6 1,662 8 4 10,644 9 6 3,750 4 11 67,441 11 2 9,671 0 8 4,498 18 5 16,805 12! 3 56,311 2 7 215.691 10 3 1,608 9 9 13,197 11 2 30,699 9 5 11 15 1 77 13 6 24 10 6 1 16 0 8,456 5 10 493 2 0 1 1 0 977 17 1 7,641 5 0 2.464 15 8 2,493 2 5 5,656 6 0 1,662 8 4 10,619 19 0 3,748 8 11 58,985 5 4 9,177 18 8 4,497 17 5 15,827 15 2 48,669 17 7 213,226 14 7 1,608 9 9 13,031 13 0 30,543 13 6 224 1 3 27 0 5 10 0 0 1,847 9 11 2,493 2 5 5,656 6 0 1,662 8 4 10,844 0 3 3,775 9 4 58,995 5 4 11,025 8 7 4,497 17 5 15,827 15 2 48,720 7 11 214,374 16 2 1,608 9 9 13,031 13 0 30,688 2 6 2,574 0 0 5,891 0 0 1,813 0 0 10,459 0 0 3,494 0 0 67,495 0 0 11,400 0 0 4,500 0 0 14,096 0 0 48,490 0 0 216,047 0 0 1,617 0 0 15,343 0 0 33,122 0 0 80 17 7 234 14 0 150 11 8 8,499 14 8 374 11 5 2 2 7 1,672 3 10 8 10 3 2,311 7 0 2,433 17 6 385 0 3 281 9 4 1,731 15 2 230 7 11 50 10 4 1,148 1 7 165 18 2 155 15 11 144 9 0 Total Class VII 440,221 5 I 440,221 5 5 20,471 15 9 419,749 9 8 3,451 12 6 423,201 2 2 436,341 0 0 15,768 10 6 | 2,628 12 8 Class VIII.— Mines Department :— Mines Department Geological Survey Branch Miscellaneous Services 6,691 17 4,016 12 19,618 4 6,690 1 9 4,016 12 6 19,170 14 4 444 5; 6,690 1 9 4,016 12 6 19,214 18 9 6,881 0 0 5,440 0 0 23,255 0 0 190 18 3 1,423 7 6 4,040 1 3 40 41 42 6,691 17 9 4,016 12 6 19,618 4 6 1 16 0 447 10 2 Total Class VIII 30,326 14 30,326 14 9 449 6 2 29,877 8 7 44 4 5 29,921 13 0 35,576 0 0 5,654 7 0 • ■ ■••- -■ I ■

41

8.—6

Table No. 1-continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

bo I o Issued. Net Expenditure.j Issued. Imprests. Total. Voted. Amount Unissued. Issued IN Excess. Expenditure. Credits. 43 44 45 40 47 48 49 50 52 53 54 55 56 57 58 59 60 61 Class IX. —Department of Internal Affairs :— Clerk of Executive Council Office of Minister of Internal Affairs Ministers' Secretaries Messengers and Office-keepers Audit Department Registrar-General's Office Electoral High Commissioner's Office Museum Advertising Office Dominion Laboratory Printing and Stationery Mental Hospitals Home for Defectives Tourists Public Service Commissioner's Office Public Health, Hospitals and Charitable Aid Cook Islands Administration Miscellaneous Services £ s. d. 50 0 0 7,903 17 2 923 15 0 14,656 14 0 18,043 13 4 15,351 15 7 5,732 2 6 13,915 7 6 2,523 10 1 1,059 12 0 4,859 4 11 111,638 7 4 160,096 17 8 1,317 11 10 49,034 18 9 5,717 11 2 74,369 16 11 5,260 1 1 150,178 0 10 £ s. d. 1,310 14 9 2,775 13 5 9,798 12 2 35 8 2 83 9 II 5,792 13 8 19 4 0 2 11 0 20 19 4 96,374 0 0 48,052 3 10 208 13 6 573 2 10 3 0 9 7,741 19 4 655 8 I 12,202 14 3 £ s. d. 50 .0 0 6,593 2 5 923 15 0 11,881 0 7 8,245 1 2 15,316 7 5 5,648 12 7 8,122 13 10 2,504 6 1 1,057 I 0 4,838 5 7 15,264 7 4 112,044 13 10 1,108 18 4 48,461 15 11 5,714 10 5 66,627 17 7 4,604 13 0 137,975 6 7 £ s. d. 100 6 10 £ s. d. 50 0 0 6,593 2 5 923 15 0 11,881 0 7 8,345 8 0 15,316 7 5 5,648 12 7 8,122 13 10 2,504 6 1 1,057 1 0 4,838 5 7 15,264 7 4 112,265 1 8 1,108 18 4 49,429 19 8 5,734 10 5 68,227 12 9 4,604 13 0 139,804 1 0 £ s. d. 50 0 0 7,472 0 0 1,205 0 0 12,012 0 0 10,570 0 0 14,835 0 0 5,373 0 0 8,879 0 0 I 3,871 0 0 I 1,099 0 0 5.071 0 0 20,237 0 0 116,111 0 0 1,118 0 0 49,133 0 0 I 7,439 0 0 '' 69,703 0 0 I 5,659 0 0 144,834 0 0 £, s. d. 878 17 7 281 5 0 130 19 5 2,224 12 0 756 6 2 1,366 13 11 41 19 0 232 14 5 4,972 12 8 3,845 18 4 9 1 8 1,704 9 7 1,475 7 3 1,054 7 0 5,029 19 0 £ s. d. 481 7 5 275 12 7 220 7 10 968 3 9 20 0 0 1,599 15 2 296 19 8 1,828 14 5 Total Class IX 642,632 17 8 185,650 9 0 456,982 8 8 4,737 8 0 461,719 16 8 484,671 0 0 24,005 3 0 1,053 19 8 02 63 64 65 Class X.—Defence Department :— Headquarters and District Staffs Royal New Zealand Artillery Territorial Force Stores and Magazines, Guns, Ammunition, Equipment, Clothing, &c. Miscellaneous Services Capital and non-recurrent expenditure 87,855 17 8 61,579 18 5 221,024 12 0 9,025 19 1 3,574 8 5 53,199 0 0 78,829 18 7 58,005 10 0 167,825 12 0 2,517' 4 5 3,927 18 6 78,829 18 7 60,522 14 5 171,753 10 6 80,129 0 0 62,396 0 0 *168,182 0 0 1,299 1 5 1,873 5 7 3,571 10 6 66 67 79,706 6 8 91,101 11 1 96,818 7 3 10,323 17 3 70,727 17 0 2.666 2 0 69,382 9 5 20,373 14 1 94,152 5 3 264 17 3 69,647 6 8 20,373 14 1 94,152 5 3 t68,777 0 0 }18,990 0 0 §115,273 0 0 870 6 8 1,383 14 1 21,120 14 9 Total Class X 638,086 13 1 149,517 3 9 488,569 9 4 ' 6,710 0 2 495,279 9 6 I 513,747 0 0 24,293 1 9 5,825 11 3 68 09 70 71 72 73 Class XI. —Customs, Marine and Hakbours, and Inspection of Machinery Departments :— Customs Offices and Services Customs : Miscellaneous Services Marine and Harbours Government Steamers Marine : Miscellaneous Services Inspection of Machinery and Survey of Ships 58,577 15 4 7,178 15 9 44,841 11 11 20,724 1 11 6,951 15 7 14,623 7 3 814 16 7 111 16 0 2,737 0 2 1,691 19 3 550 2 6 7 13 6 I 57,762 18 9 7,066 19 9 42,104 11 9 19,032 2 8 6,401 13 1 14,615 13 9 685 1 2 6 19 4 58,447 19 11 7,066 19 9 42,111 11 1 19,032 2 8 6,401 13 I 14,796 15 7 60,677 0 0 12,668 0 0 44,121 0 0 17,100 0 0 12,055 0 0 15,467 0 0 2,229 0 1 5,601 0 3 2,009 8 11 5,653 6 II 670 4 5 1,932 2 8 18±' 1 10 Total Class XI 152,897 7 9 5,913 8 0 146,983 19 9 873 2 4 147,857 2 1 162,088 0 0 16,163 0 7 1,932 2 8 * Inclusive of £9,000 transferred from vote 65 under order of the Governor, 26th Februarv, 1914. + Exclusive of £1 000 ti-nmrfnri-ed to m i» Ri ,inrW „* «,„ r± „„ t , „ , transferred from vote 67 under order of the Governor, teth March, 1914. S Exclusive ofi23,000 transferred to vote 66 under order of the Governor?18th Marcn, 1914 Governor - 26th February, 1914. J Inclusive of h23,00(

42

8.—6

Table No. 1- continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

O Issued. Voted. I Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Class XII. —Department of Labour :— Department of Labour £ s. d. 30,934 9 7 £ s. d. 2,385 13 5 £ s. d. 28,548 16 2 £ s. d. 185 9 3 £ s. d. 28,734 5 5 £ s. d. 31,620 0 0 £ s. d. 2,885 14 7 £ s. d. 74 Total Class XII 30,934 9 7 2,385 13 5 28,548 16 2 185 9 3 28,734 5 5 31,620 0 0 2,885 14 7 75 76 77 Class XIII. —Department of Lands and Survey :— Department of Lands and Survey Miscellaneous Services Valuation 208,461 8 4 58,916 10 1 42,478 17 11 45,017 9 0 2,213 6 5 8,834 9 2 163,443 19 4 56,703 3 8 33,644 8 9 7,979 12 9 689 5 5 339 5 5 171,423 12 1 57.392 9 1 33,983 14 2 174,122 0 0 100,298 0 0 34,772 0 0 2,698 7 11 42,905 10 11 788 5 10 Total Class XIII 309,856 16 4 56,065 4 7 253,791 11 9 9,008 3 7 262,799 15 4 309,192 0 0 46,392 4 8 Class XIV. —Department of Agriculture, Industries, and Commerce :— Agriculture, Industries, and Commerce .. 78 223,228 14 11 30,390 17 5 192,837 17 6 2,148 6 10 194,986 4 4 197,233 0 0 2,246 15 8 Total Class XIV 223,228 14 11 30,390 17 5 192,837 17 6 2,148 6 10 194,986 4 4 197,233 0 0 2,246 15 8 79 80 81 82 83 84 85 86 87 88 89 90 91 92 Class XV. —Education Department :— Head Office Elementary Education Secondary and Higher Education .. Manual and Technical Instruction Training Colleges and Training of Teachers Native Schools Infant-life Protection School for the Deaf Education of the Blind Otekaike Home Industrial Schools Physical Training and Junior Cadets School Buildings, Furniture, and Sites Miscellaneous Services 12,354 17 8 733,746 1 0 100,213 9 6 80,311 6 0 42,769 14 0 33,108 4 5 1,465 8 1 5,429 3 9 767 7 2 ■ 5,256 13 10 61,098 4 8 8,101 11 4 115,162 9 3 17,480 15 2 28 4 6 26,315 6 11 12,703 11 9 7,889 8 7 4 18 10 2,585 16 10 113 5 4 2,670 15 7 792 9 8 2,080 5 1 25,453 5 7 985 3 6 162 16 1 3,724 0 1 12,326 13 2 707,430 14 1 87,509 17 9 72,421 17 5 42,764 15 2 30,522 7 7 1,352 2 9 2,758 8 2 Cr. 25 2 6 3,176 8 9 35,644 19 1 7,116 7 10 114,999 13 2 13,756 15 1 545 1 11 12,871 15 1 707,430 14 1 87,509 17 9 72,421 17 5 42,764 15 2 30,522 7 7 1,352 2 9 2,758 8 2 Cr. 25 2 6 3,176 8 9 35,732 0 4 7,116 7 10 114,999 13 2 13,756 15 1 12,652 0 0 717,354 0 0 86,945 0 0 68,903 0 0 41,745 0 0 31,771 0 0 1,593 0 0 3,313 0 0 264 0 0 3,702 0 0 34,403 0 0 10,956 0 0 119,200 0 0 14,987 0 0 9,923 5 11 1,248 12 5 240 17 3 554 11 10 289 2 6 525 11 3 219 15 1 564 17 9 3,518 17 5 1,019 15 2 87 1 3 3,839 12 2 4,200 6 10 1,230 4 11 1,329 0 4 Total Class XV 11,217,265 5 10 85,509 8 4 1,131,755 17 6 632 3 2 1,132,388 0 8 1,147,788 0 0 22,052 5 1 6,652 5 9 Unauthorized :— Services not provided for 1,295 6 8 4,730 15 8 4,730 15 8 59,897 19 10 56,462 10 10 3,435 9 0 Total Unauthorized 1,295 6 8 4,730 15 8 59,897 19 10 56,462 10 10 3,435 9 0 4,730 15 8

43

8.—6

Table No. 1- continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. SUMMARY. Class 11.—Legislative Departments „ II. —Department of Finance „ III. —Post and Telegraph Department ■ . . „ IV. —Working Railways Department „ V.—Public Buildings, Domains, and Maintenance of Roads ,, VI. —Native Department „ VII. —Justice Department „ VIII. —Mines Department ,, IX. —Department of Internal Affairs ,, X.—Defence Department ,, XI. —Customs, Marine and Harbours, and Inspection of Machinery Departments „ XII. —Department of Labour ,, XIII. —Department of Lands and Survey ,, XIV. —Department of Agriculture, Industries, and Commerce „ XV. —Education Department Services not provided for £ s. d. 43,791 7 10 71,848 1 8 1,282,795 2 6 3,445,805 0 4 £ s. d. 48 13 3 2,863 17 4 111,911 14 1 441,624 5 7 £ s. d. 43,742 14 7 68,984 4 4 1,170,883 8 5 3,004,180 14 9 £ s. d. 38 8 6 30 9 5 48 5 0 £ s. d. 43,742 14 7 69,022 12 10 1,170,913 17 10 3,004,228 19 9 £ s. d. 42,682 0 0 70,972 0 0 1,165,208 0 0 2,958,294 0 0 £ s. d. 326 14 7 3,233 16 10 7,823 2 6 £ s. d. 1,387 9 2 1,284 9 8 13,529 0 4 45,934 19 9 130,411 12 9 24,132 4 6 440,221 5 5 30,326 14 9 642,632 17 8 638,086 13 1 4,945 9 2 146 10 6 20,471 15 9 449 6 2 185,650 9 0 149,517 3 9 125,466 3 7 23,985 14 0 419,749 9 8 29,877 8 7 456,982 8 8 488,569 9 4 43 10 3 387 3 7 3,451 12 6 44 4 5 4,737 8 0 6,710 0 2 125,509 13 10 24,372 17 7 423,201 2 2 29,921 13 0 461,719 16 8 495,279 9 6 129,641 0 0 26,664 0 0 436,341 0 0 35,576 0 0 484,671 0 0 513,747 0 0 4,131 6 2 2,291 2 5 15,768 10 6 5,654 7 0 24,005 3 0 24,293 1 9 2,628 12 8 1,05319 8 5,825 11 3 152,897 7 9 30,934 9 7 309,856 16 4 5,913 8 0 2,385 13 5 56,065 4 7 146,983 19 9 28,548 16 2 253,791 11 9 873 2 4 185 9 3 9,008 3 7 147,857 2 1 28,734 5 5 262,799 15 4 162,088 0 0 31,620 0 0 309,192 0 0 16,163 0 7 2,885 14 7 46,392 4 8 1,932 2 8 223,228 14 11 1,217,265 5 10 59,897 19 10 30,390 17 5 85,509 8 4 56,462 10 10 192,837 17 6 1,131,755 17 6 3,435 9 0 2,148 6 10 632 3 2 1,295 .6 8 194,986 4 4 1,132,388 0 8 4,730 15 8 197,233 0 0 1,147,788 0 0 2,246 15 8 22,052 5 1 6,652 5 9 4,730 15 8 Total Consolidated Fund 18,744,131 14 9 1,154,356 7 2 7,589,775 7 7 29,633 13 8 7,619,409- 1 3 7,711,717 0 0 177,267 5 4 84,959. 6 7

8.—6.

44

Table No. I— continued. STATEMENT showing the NET ISSUES from the NEW ZEALAND STATE FORESTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the STATE COAL-MINES ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the SCENERY PRESERVATION ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

O > Expenditure. Credits. N £ s. d. 5,629 0 7 Credits. Net Expenditure. Issued. Expenditure. £ s. d. 191,159 4 1 Issued. Imprests. Imprests. Total. £ s. d. £ s. d. 522 4 11 . 191,681 9 0 Total. Voted. £ s. d. 349,997 0 0 Amount Unissued. £ s. a. I 158,315 11 0 ! i Issued in Excess. £ s. d. State Coal-mines Account :— State Coal-mines £ s. d. 196,788 4 8 118 Total 196,788 4 8 5,629 0 7 191,159 4 1 522 4 11 j 191,681 9 0 ' 349,997 0 0 158,315 11 0

rH o > Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure.; Imprests. Total. Scenery Preservation Account: — Scenery Preservation .. £ s. d. 14,420 16 10 £ s. d. 1,411 2 11 £ s. d. 13,009 13 11 £ 8. d. j £ s. d. 13,009 13 11 £ s. d. 16,552 0 0 £ s. d. ! 3,542 6 1 j £ s. d. 119 - Total •• i 14,420 16 10 1,411 2 11 13,009 13 11 13,009 13 11 16,552 0 0 3,542 6 1 j

O > Expenditure. Credits. Net Expenditure. Issued. Imprests. Total. Voted. Amount Unissued. Issued in Excess. £ s. d. I I "'""I _ l i New Zealand State Forests Account :— State Forests Branch of the Lands and Survey Department £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 117 28,473 7 9 30 17 10 28,442 9 11 266 13 1 28,709 3 0 32,408 0 0 3,698 17 0 28,709 , 3 0 ! 3,698 17 0 Total 30 17 10 28,442 9 11 266 13 1 32,408 0 0 | 28,473 7 9 ••

45

8.—6.

Table No. 1—continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND for the FINANCIAL YEAR ended 31st March, 1914, compared with the Sums voted under the Appropriation Act, 1913.

rH O Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Class XVI. —Public Works, Departmental: — Public Works, Departmental £ s. d. 67,358 8 5 £ s. d. 731 15 8 £ s. d. 66,626 12 9 £ s. d. £ s. d. 66,626 12 9 £ s. d. 67,401 0 0 £ s. d. 774 7 3 £ s. d. 93 Total Class XVI 67,358 8 5 731 15 8 66,626 12 9 66,626 12 9 67,401 0 0 774 7 3 94 95 Class XVII. —Railways :— Railway-construction Additions to Open Lines .. .. 621,777 16 2 501,246 10 10 15,329 14 1 606,448 2 1 2,798 3 7 498,448 7 3 4,746 3 11 611,194 6 0 498,448 7 3 831,600 0 0 500,000 0 0 220,405 14 0 1,551 12 9 Total Class XVII 1,123,024 7 0 18,127 17 8 il,104, 896 9 4 4,746 3 11 1,109,642 13 3 il,331, 600 0 0 221,957 6 9 96 97 98 99 100 101 102 103 Class XVIII. —Public Buildings (including Purchase of Properties, Sites, Furniture, Fittings, &c.) :— General Judicial Postal and Telegraph Agricultural .. Mental Hospitals Hospitals and Charitable Institutions School Buildings Workers' Dwellings 72,896 2 9 28,949 2 4 79,211 18 10 4,407 14 4 26,003 16 6 1,435 6 0 122,119 2 10 41,782 5 1 6,085 5 8 504 1 10 397 1 1 10 0 0 2 12 11 165 1 0 41 4 0 66,810 17 1 28,445 0 6 78,814 17 9 4,397 14 4 26,001 3 7 1,435 6 0 121,954 1 10 41,741 1 1 1,231 3 8 68,042 0 9 28,445 0 6 78,814 17 9 4,397 14 4 26,001 3 7 1,435 6 0 121,954 1 10 41,741 1 1 80,000 0 0 43,375 0 0 110,450 0 0 6,175 0 0 50,000 0 0 10,000 0 0 125,000 0 0 65,000 0 0 11,957 19 3 14,929 19 6 31,635 2 3 1,777 5 8 23,998 16 5 8,564 14 0 3,045 18 2 23,258 18 11 Total Class XVIII 376,805 8 8 7,205 6 6 i 369,600 2 2 1,231 3 8 370,831 5 10 490,000 0 0 119,168 14 2 I - = Glass XIX. — Lighthouses, Harbour-works, and Harbour-defences :— Lighthouses Harbour-works j Harbour-defences 3 13 10 5,174 10 3 3,345 11 10 538 19 8 5,174 10 3 3,345 11 10 538 19 8 7,375 0 0 12,400 0 0 3,000 0 0 2,200 9 9 9,054 8 2 2,461 0 4 104 105 106 5,178 4 1 3,345 11 10 563 11 10 24 12 2 Total Class XIX 9,087 7 9 23 6 0 9,059 1 9 9,059 1 9 22,775 0 0 13,715 18 3 Class XX. — Tourist and Health Resorts (inoluding Sites, Furniture, Fittings, &c.): — Tourist and Health Resorts 14,988 17 8 14,988 17 8 18,900 0 0 3,911 2 4 107 15,060 19 11 I 72 2 3 Total Class XX 15,060 19 11 18,900 0 0 3,911 2 4 72 2 3 14,988 17 8 14,988 17 8

8.—6

46

Table No. 1—continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND, &c.—continued.

Issued. Issued. Voted. Amount Unissued. Issued in Excess. S EH O Expenditure. Credits. Net Expenditure. Imprests. Total. Class XXI. —Immigration :— Department of Immigration £ s. d. 79,663 3 8 £ s. d. 45,749 1 6 £ s. d. 33,914 2 2 £ s. d. 26 11 2 £ s. d. 33,940 13 4 £ s. d. 36,055 0 0 £ s. d. 2,114 6 8 £ s. d. 108 Total Class XXI 79,663 3 8 45,749 1 6 33,914 2 2 26 11 2 33,940 13 4 86,055 0 0 2,114 6 8 •• 109 110 111 Class XXII. — Construction, Maintenance, and Supervision of Roads, Bridges, and other Public Works :— Roads, &c. Backblock Roaoc Roads and other Works on Goldfields and Mineral Lands .. .. .. .... 232,447 14 11 133,879 8 7 7,317 19 8 5,172 18 2 225,129 15 3 128,706 10 5 2,309 14 9 2,692 9 4 227,439 10 0 131,398 19 9 360,925 0 0 201,225 0 0 133,485 10 0 69,826 0 3 24,253 6 9 110 4 9 24,143 2 0 24,143 2 0 51,000 0 0 26,856 18 0 Total Class XXII 390,580 10 3 12,601 2 7 377,979 7 8 5,002 4 1 382,981 11 9 613,150 0 0 230,168 8 3 Class XXIII. —Development ok Goldfields :— Development of Goldfields 112 5,368 9 5 479 1 6 4,889 7 11 4,889 7 11 9,300 0 0 4,410 12 1 Total Class XXIII 5,368 9 5 i 479 1 6 4,889 7 11 4,889 7 11 9,300 0 0 4,410 12 1 113 Class XXIV. —Telegraph Extension ;— Telegraph Extension .. 392,647 13 3 376,000 0 0 426,584 14 2 33,937 0 11 392,647 13 3 16,647 13 3 Total Class XXIV 426,584 14 2 33,937 0 11 392,647 13 3 392,647 13 3 376,000 0 0 16,647 13 3 Class XXV. —Contingent Defence: — Contingent Defence 30,186 0 2 i 30,186 0 2 50,000 0 0 19,813 19 10 114 30,224 16 5 38 16 3 Total Class XXV 30,224 16 5 38 16 3 30,186 0 2 30,186 0 2 50,000 0 0 19,813 19 10 115 116 Class XXVI. —Lands Improvement :— Improved-farm Settlements Lands, Miscellaneous 16,544 3 3 3,558 16 0 20,102 19 3 3,106 17 1 13,437 6 2 3,558 16 0 13,437 6 2 25,000 0 0 11,562 13 10 3,558 16 0 6,700 0 0 3,141 4 0 16,996 2 2 31,700 0 0 14,703 17 10 •• - Total Class XXVI 3,106 17 1 16,996 '2 2 ■• Unauthorized :— Services not provided for I 702 7 -5 678 17 5 23 10 0 23 10 0 . 23 10 0 Total Unauthorized 23 10 0 23 10 0 702 7 5 678 17 5 23 10 0

47

8.—6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND, &c.— continued.

STATEMENT showing the NET ISSUES from the WELLINGTON - HUTT RAILWAY AND ROAD IMPROVEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the RAILWAYS IMPROVEMENTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

Expenditure. Issued. \ Voted. Amount Unissued. Issued in Excess. Credits. Net Expenditure. Imprests. Total. SUMMARY. Class XVI. —Public Works, Departmental ,, XVTI. —Railways „ XVIIL— Public Buildings.. „ XIX. —Lighthouses, Harbour-works, and Harbourdefences „ XX. —Tourist and Health Resorts ,, XXI. —Immigration „ XXII. —Construction, Maintenance, and Supervision of Roads, Bridges, and other Public Works „ XXIII. —Development of Goldfields „ XXIV. —Telegraph Extension „ XXV. —Contingent Defence .. .. ,, XXVI. —Lands Improvement Services not provided for £ s. d. 67,358 8 5 1,123,024 7 0 376,805 8 8 £ s. d. £ s. d. 731 15 8 66,626 12 9 18,127 17 8 1,104,896 9 4 7,205 6 6 369,600 2 2 £ s. d. 4,746' 3 11 1,231 3 8 £ s. d. £ s. d. 66,626 12 9 67,401 0 0 1,109,642 13 3 1,331,600 0 0 370,831 5 10 ! 490,000 0 0 £ s. d. 774 7 3 221,957 6 9 119,168 14 2 £ s. d. 9,087 7 9 15,060 19 11 79,663 3 8 28 6 0 9,059 1 9 72 2 3 14,988 17 8 45,749 1 6 | 33,914 2 2 9,059 1 9 22,775 0 0 14,988 17 8 18,900 0 0 33,940 13 4 | 36,055 "0 0 13,715 18 3 3,911 2 4 2,114 6 8 " 26 11 2 390,580 10 3 5,368 9 5 426,584 14 2 30,224 16 5 20,102 19 3 702 7 5 12,601 2 7 377,979 7 8 479 1 6 4,889 7 11 33,937 0 11 392,647 13 3 38 16 3 30,186 0 2 3,106 17 1 16,996 2 2 678 17 5 23 10 0 5,002 4 1 230,168 8 3 4,410 12 1 1 382,981 11 9 613,150 0 0 4,889 7 11 [ 9,300 0 0 392,647 13 3 376,000 0 0 30,186 0 2 50,000 0 0 16,996 2 2 31,700 0 0 23 10 0 19,813 19 10 14,703 17 10 16,647 13 3 23 io 0 Total Public Works Fund 11,006 2 10 2,432,813 9 10 3,046,881 0 0 [2,544,563 12 4 122,756 5 4 2,421,807 7 0 630,738 13 5 16,671 3 3

EH O Expenditure. Issued. Voted. Amount Unissued. Issued in Excess. Credits. [Net Expenditure. Imprests. Total. Wellington-Hutt Railway and Road Improvement Account :— Hutt Railway and Road Improvement £ s. d. 4,178 19 7 £ s. d. 61 0 0 £ s. d. 4,117 19 7 £ s. d. £ s. d. 4,117 19 7' £ s. d. 4,000 0 0 £ s. d. £ s. d. 117 19 7 1-21 Total 4,178 19 7 61 0 0 4,117 19 7 4,117 19 7 4,000 0 0 117 19 7

EH C Expenditure. Issued. Voted. Amount Unissued. Issued in Excess. Credits. [Net Expenditure. Imprests. Total. Railways Improvements Account: — 122 Railway Improvements Total £ s. d. 40,268 8 10 40,268 8 10 £ s. d. 705 8 4 705 8 4 £ s. d. 39,563 0 6 £ s. d. £ s. d. 39,563 0 6 £ s. d. 40,000 0 0 £ s. d. 436 19 6 £ s. d. 705 8 4 39,563 0 6 39,563 0 6 40,000 0 0 -. 436 19 6

8.—6.

48

Table No. 1- continued. STATEMENT showing the NET ISSUES from the AID TO WATER-POWER WORKS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the IRRIGATION AND WATER-SUPPLY ACCOUNT for the FINANCIAL YEAR ended 31st MARCH, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the WAIHOD AND OHINEMUEI RIVERS IMPROVEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

Issued. Voted. I Amount Unissued. Issued IN Expenditure. Credits. Net "Expenditure. Imprests. Totai. Excess. 123 Aid to Wateb-power Wokks Account :— Development of Water-power £ s. d. 143,412 9 11 £ s. d. £ s. d. 585 17 6 i 142,826 12 5 585 17 6 142,826 12 5 £ s. d. £ s. d. 142,826 12 5 142, S26 12 5 £ s. d. 200,000 0 0 £ s. d. 57,173 7 7 £ s. d. Total 143,412 9 11 200,000 0 0 57,173 7 7 142,826 12 5

t> Expenditure. Issued. Voted. Amount Unissued. Issued IN Excess. Credits. Net Expenditure. Imprests. Total. 124 Irrigation and Water-supply Account :— Irrigation and Water-supply Total £ s. d. £ s. d. £ s. d. 34,262 5 9 660 11 7 33,601 14 2 34,262 5 9 660 11 7 33,601 14 2 £ s. d. £ a. d. 33,601 14 2 £ s. d. 35,000 0 0 £ s. d. £ s. d. 1,398 5 10 1,398 5 10 33,601 14 2 35,000 0 0

I Expenditure. Issued. Voted. Amount Unissued. Issued in Excess. Credits. Net Expenditure., Imprests. Total. j I Waihou and Ohinemuki Rivebs Impkovement Account :— 125 i Waihou and Ohinemuri Rivers Improvement Total £ s. d. 9,844 15 5 £ s. d. 213 3 11 £ h. d. 9,631 11 6 £ s. a. £ s. d. 9,631 11 6 j £ s. d. 30,000 0 0 £ s. d. 20,368 8 6 £ s. d. 9,844 15 5 213 3 11 9,631 11 6 I 9,631 11 6 30,000 0 0 20,368 8 6

> I Expenditure. Issued. Voted. Amount Unissued. Issued IN Excess. Credits. Net Expenditure. Imprests. I Total. 120 Land fob Settlements Account: — Land for Settlements Expenses Total £ s. d. 4,574 2 1 4,574 2 1 £ p. d. 5 10 2 £ s. d. 4.56S 11 11 £ s. d. £ s. d. 4,568 11 11 £ s. d. 13,579 0 0 £ a. d. 9,010 8 1 £ s. d. 5 10 2 4,568 11 11 4,568 11 11 13,579 0 0 9,010 8 1 I

49

8.—6

STATEMENT showing the NET ISSUES from the OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

STATEMENT showing the NET ISSUES from the NATIONAL ENDOWMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

The Treasury, 27th April, 1914. G. F. C. Campbell, Examined and found correct. Secretary to the Treasury. Bobebt J. Collins, A. O. Gibbes, Controller and Auditor-General. Accountant to the Treasury.

Table No. 1- continued. STATEMENT showing the NET ISSUES from the NATIVE LAND SETTLEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1914, compared with the Amount voted under the Appropriation Act, 1913.

7—B. 6.

8 Issued. Voted. Amount Unissued. 1 Issued Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. I 135 Native Land Settlement Account :— Native Land Purchase Expenses £ s. (i. 831 17 6 £ s. d. £ s. a. 831 17 6 831 17 6 & s. d. £ s. d. £ s. d. 831 17 6 1,250 0 0 83] 17 6 1,250 0 0 a s. d. 418 2 6 418 2 6 £ s. d. Total 831 17 6 831 17 6 I

> Issued. Voted. Amount Unissued. • Issued in Excess. Expenditure. Credits. JNet Expenditure. Imprests. Total. j 126 Opeming up Gbown Lands for Settlement Account: — Roads to open up Grown Lands Total £ s. d. 63,260 4 1 £ s. d. 15 0 6 £ s. d. 63,245 3 7 £ s. d. I 696 15 10 £ s. A. £ s. d. 63,941 19 5 ; 100,100 0 0 £ s. d. 36,158 0 7 £ s. d. 63,245 3 7 63,260 4 1 15 0 6 696 15 10 63,941 19 5 100,100 0 0 36,158 0 7

Expenditure. I Issued. Voted. Amount Unissued. Issued IN Excess. i Credits. Net Expenditure. Imprests. Total. 127 National Endowment Account :— Roads to open up National Endowment Lands .. Total £ s. d. 4,562 9 1 4,562 9 1 £ s. d. 280 14 0 280 14 0 £ s. d. 4,281 15 1 J 4,281 15 1 J £ s. d. £ s. d. 4,281 15 1 £ p. d. 22,750 0 0 £ s. d. £ s. d. 18,468 4 11 I 18,468 4 11 280 14 0 4,281 15 1 j 4,281 15 1 22,750 0 0 :

8.—6.

50

Table No. 2. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1914.

Annual Chargk. I IM* t<.. AMOUNT OUTSTANDING. Doe Date. Sinking Funds. Net Indebted- „ ness. Kate - Int. j S.F. Amount. When payable. Kemahks £ 3,000 12,100 £ £ £ % % £ Canterbury Loan Ordinance, 1862 i 15,100 J ' 2 Jan., 1915 i 2 July, 1916 1 July, 1919 31 Oct., 1917 I 30 Sept., 1915 ( 30 Sept.. 1915 , 1 May, 1 May, 1915 1 F. b., 1917 j 1 Feb., 1917 1 1 May, 1918 30 June, 1918 1 May, 1919 V 1 Jan., 1922 ( 1 Jan., 1918 -! 1 J-cn., 1918 ( 1 Jan., 1921 1 Jan., 1921 ( 1 April, 1916 \ 1 April, 1918 | 1 April. 1919 1 Apri), 1919 30 June, 1914 1 Mar., 1915 30 June, 1915 30 June, 1915 - 1 Aug., 1915 1 Feb., 1917 30 June, 1917 . Uan., 1922 , 1 Mar., 1915 I 30 June, 19 15 I 1 Feb., 1917 ] 1 Feb., 1922 1 Feb., 1923 ; 1 Feb., 1917 1 Feb., 1917 1 Jan., 1918 ) 1 Jan., 1918 \ 1 Jan., 1919 1 Jan., 1919 1 Jan., 1920 V 1 Jan., 1920 24,840 Cr. , 9,740 6 1 1,057 30 June and 31 Dec. District Railways Purchasing Acts, 1885-86 Native Land Purchases Act, 1892 Lands Improvement and Native Lands Acquisi- j tion Act, 1894 I Hntt Railway and Road Improvement Acts, 1903, j 1905, 1907, and 1910 ] V Maori Land Settlement Act, 1905 Maori Land Settlement Act Amendment Act, 1907 f Coal-mines Act, 1908 .. .. .. \ Coal-mines Act, 1908 (Appropriation Act, 1912) .. 398,000 2,000 117,000 10,000 12,600 42,590 100,000 5,190 ' 2,000 17,300 25,650 23,900 150,000 30,000 10,000 110,000 75,000 1,600 110,000 30,000 2,000 3,300 17,500 68,100 1,200 50,000 20,600 1,500 1,700 50,350 3,000 11,150 42,490 37,560 10,000 4,980 5,000 i \ } \ j 40,000 125,000 400,000 306,680 199,550 50,000 150,000 25,000 40,000 125,000 398,000 2,000 117,000 10,000 12,600 42,590 100,000 5,190 2,000 17,300 25,650 23,900 150,000 50,000 30,000 10,000 110,000 25,000 75,000 1,600 110,000 30,000 2,000 3,300 17,500 68,100 1,200 50,000 20,600 1,500 1,700 50,350 3,000 11,150 42,490 37,560 10,000 4,980 5,000 4 4 31 4 4 31 31 4 4 4 31 4 4 31 31 31 35 31 4 4 31 4 4 4 4 4 4 31 4 4 4 31 4 31 4 4 3| 4 3J 1,600 4,687 13,930 80 4,095 400 504 1,491 3,500 207 80 692 898 956 6,000 1,750 1,050 350 4,125 937 3,000 64 3,850 1,200 80 132 700 2,724 48 1,750 824 60 68 1,762 120 390 1,699 1,502 375 199 187 1 Jan. „ 1 July. 30 April „ 31 Oct. 31 Mar. „ 30 Sept. 31 Mar. „ 30 Sept. 1 May „ 1 Nov. 1 May . 1 Nov. 1 Feb. . 1 Aug. 1 Feb. . 1 Aug. 1 May „ 1 Nov. 30 June „ 31 Dec. 1 May „ 1 Nov. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 April „ 1 Oct. 1 April „ 1 Oct. 1 April „ 1 Oct. 1 April . 1 Oct. 30 June „ 31 Dec. 1 Mar. „ 1 Sept. 30 June „ 31 Dec. 30 June „ 31 Dec. 1 Feb. „ 1 Aug. 1 Feb. . 1 Aug. 30 June „ 31 Dec. 1 Jan. „ 1 July. 1 Mar. „ 1 Sept. 30 June . 31 Dec. 1 Feb. „ 1 Aug. 1 Feb. „ 1 Aug. 1 Feb. „ 1 Aug. 1 Feb. „ 1 Aug. 1 Feb. „ 1 Aug. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. 1 Jan. „ 1 July. Government Railways Act, 1908 — Railwais Improvements Authorization Acts, 1 1904-7 307, 500 I Finance Act, 1909 .. .. •• -j 75,000 Government Railways Amendment Aot, 1910 - 164,530 Carried forward 1,858,360 24,840 1,833,520 69,123

8.—6

51

Table No. 2 — continued The PUBLIC DEBT of NEW ZEALAND on 31st March, 1914— continued.

Amount outstanding. 1 Due Date. Sinking Funds. Net Indebted- t>„^„ NESS. Bat6 - Int. 1 S.P. Annual i Amount. Annual Charge. Chai .RGE. When payable. Remarks. Brought forward .. .. .. j Looal Bodies' Loans Act, 1908 — Government Loans to Local Bodies Act, 1886 .. £ 1,858,360 £ 24,840 £ 1,833,520 % % £ 69,123 250,300 j 1 Sept., 1914 | 250,300 31 8,761 1 Mar. and 1 Sept. 1250,000 790,000 395,000 416,000 50,000 New Zealand Consols Aot, 1908.. .. j 469' 146 New Zealand Loans Act, 1908 — New Zealand Loan Act, 1863 Consolidated Loan Act, 1867.. ) - 1,901,000 II Mar., 1915 ! 1 Jan., 1916 1 Mar., 1916: 1 Mar., 1918 | 1 June, 1918 I • - - 250,000 790,000 395,000 416,000 50,000 ( 6,845 ( 469,146 31 31 31 31 4 8,750 27,650 13.825 14,560 1,750 240 18,766 1 Mar. , 1 Sept. 1 Mar. „ -1 Sept. 1 Mar. „ 1 Sept. 1 Mar. „ 1 Sept. 1 June „ 1 Dec. 1 Feb. 1 Aug. 1 Feb. , 1 Aug. •• | 475,991 1 Feb., 1925 j 266,300 i 13,000 15 July, 1914 j 15 April, 1920. 264,196 2,104 13,000 5 32 1 15,978 487 15 Jan. „ 15 July 15 April „ 15 Oct. 8,100 Defence and other Purposes Loan Act, 1870 16,900 75,000 I 100,000 I Uuly, 1917 i \ Uuly, 1917 (l5 April, 1920. 8,100 16,900 75,000 31 3| 284 676 2,812 1 Jan. „ 1 July 1 Jan. „ 1 July 15 April , 15 Oct. • Immigration and Public Works Loan Aot, 1870 j | 27,900 (15 April, 1920 \ 15 April, 1920 20,900 7,000 3| 784 315 15 April . 15 Oct. 15 April „ 15 Oct. .. t 10,800 General Purposes Loan Aot, 1873 .. J ( '800 I 71,500 j (15 May, 1914 . 28 Nov., 1914 15 Oct., 1918 U5 Oct., 1920 10,800 54,700 5,200 800 4 5 4 4 432 2,735 208 32 15 May , 15 Nov. 15 May „ 15 Nov. 15 April „ 15 Oct. 15 May „ 15 Nov. ' (■ 29,552,615 New Zealand Consolidated Inscribed Stock i g'goo' 815 ( 5',374 ',324 157,058,832* f 1 Nov., 1929 J 1 Jan., 1940 1 1 April, 1945 [ lFeb., 1963 29,552,615 15,531,078 6,600,815 5,374,324 4 31 3 4 1,182,105 543,588 198,024 214,973 1 May „ 1 Nov. 1 Jan. „ 1 July 1 April „ 1 Oct. 1 Feb. „ 1 Aug. * Does not include £225,68'; 4 per-cent. (1929),£2,037,85' 3J - per - cent., £3,059,16! 3 percent., and £3,218,72] 4-per cent. (1963) stock taker over by the State-guaranteec Advances Office. ( 385,500 Consolidated Stock Act, 1884.. .. \ 165,000 ( 194,200 Aid to Publio Works and Land SettlementAct, 1896 .. .. .. ... / 200,000 | 500 Aid to Public Works and Land Settlement Act,j 56,500 1900 ) 41,600 2,000 51,500 I 744,700 (31 Dec, 1914 \ 1 Jan., 1916 { 1 Feb., 1919 385,500 165,000 194,200 31 31 3} 13,493 5,775 7,282 1 Mar. „ 1 Sept. 1 Mar. „ 1 Sept. 1 Feb. . 1 Aug. 200,000} 15 Aug., 1921 / 1 July, 1914 1 Feb., 1915 J 1 May, 1916 1 May, 1916 1 May, 1919 V 1 May, 1923 200,000 200,000 500 56,500 41,600 2,000 51,500 31 31 4 31 4 4 4 7,000 7,000 20 1,977 1,664 80 2,060 15 Feb. . 15 Aug. 1 Jan. „ 1 Juiy 1 Feb. . 1 Aug. 1 May „ 1 Nov. 1 May , 1 Nov. 1 May „ 1 Nov. 1 May . 1 Nov. J Loan may be paid off at any time on six months' notice being given. I 352,100 63,319,983 Carried forward I 289,036 63,030,947 2,373,209

8.—6

52

Table No. 2- continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1914— continued.

Annual Charge. Amount outstanding. Sinking Funds. Due Date. Indebtedness. Remarks. .te. Amount. When payable. Int. S.P. £ £ 63,319,983 i £ 289,036 63,030,947 % % £ 2,373,209 Brought forward New Zealand Loans Aot, 1908— continued. 117,700 32,600 300 10,000 2,500 8,100 52,800 128,000 70,500 3,000 266,300 25,000 30,000 1.000 61,525 198,465 200,000 12,900 12,500 299,800* 565,500 565,500 500,000 210,000 5,000 61,750 8,650 29,400 500,000 355,200 16,100 200,000 178,900 605,000 100,000 50,000 / 1 July, 1914 1 Jan., 1916 1 Jan., 1916 ■I 1 Dec, 1916 1 Dec ,1918 1 Dec, 191 8 \ 1 Dec, 1918 1 Deo., 1917 1 Deo., 1919 1 Jan., 1922 1 Dec, 1922 30 June, 1914 1 July, 1914 1 Jan., 1915 1 Jan., 1916 1 Jan., 1916 1 Feb., 1916 1 Jail., 1922 1 Jan., 1923 1 Feb., 1924 f 1 July, 1914 ( 1 Aug., 1923 j 1 July, 1916 I 1 Jan., 1921 ' 1 Jan., 1917 1 Jan., 1919 1 Jan., 1919 1 Jan., 1919 1 Jan., 1922 \1 Jan., 1922 1 Jan., 1915 1 Jan., 1922 " 1 Jan., 1922 1 Jan., 1923 1 July, 1914 ' 1 April, 1916 31 Dec, 1914 117,700 32,600 300 10,000 2,500 8,100 52,800 128,000 70,500 3,000 266,300 25,000 30,000 1,000 61,525 198,465 200,000 12,900 12,500 299,800 565,500 565,500 500,000 210,000 5,000 61,750 8,650 29,400 500,000 355,200 16,100 200,000 178,900 605,000 100,000 50,000 189,100 4 4 3| 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 4 3^ 34 4,119 1,141 12 400 87 304 2,112 4,800 2,820 120 10,652 1.000 1,050 40 2,153 7,938 8,000 516 500 11,992 19,793 22,620 20,000 8,400 200 2,161 324 1,176 17,500 14,208 644 7,000 : 7,156 24,200 3,500 1,750 6,618 Aid to Public Works and Land Settlement Act,. 1901 Aid to Public Works and Land Settlement Act, J 1902 f Aid to Public Works aud Land Settlement Act,-! 1908 J Aid to Public Works and Land Settlement Act, f 1904 { Aid to Public Works and Land Settlement Act, ( 1905 j ( • 224,000 - 467,800 }■ 841,190 i 1,131,000 I •• 1 Jan. and 1 July 1 Jan. » 1 July 1 Jan. „ 1 July 1 June » 1 Dec. 1 June „ 1 Dec. 1 June „ 1 Dec. 1 June „ 1 Dec 1 June „ 1 Dec. 1 June „ 1 Dec. 1 June „ 1 Dtc 1 June „ 1 Dee. 30 June „ 31 Dec. 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Feb. „ 1 Aug. 1 Jan. . 1 July 1 Jan. „ 1 July 1 Feb. „ 1 Aug. 1 Jan. „ 1 July 1 Feb. „ 1 Aug. 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Jan. „ 1 July 1 Jan. „ 1 Juiy 1 Jan. „ 1 July 1 Jan. , 1 July 1 Jan. , 1 July 1 Jan. „ 1 July 1 Jan. „ 1 Julv 1 Jan. „ 1 July 1 Jan. „ 1 July 1 April „ 1 Oct. 1 Jan. „ 1 July I •• •Loan may be paid off at any time on six months' notice being given. 710,000 Aid to Public Works and Land Settlement Act,-! 1906 - 960,000 .. Aid to Public Works and Land Settlement Act, -j 1907 1,000,000 "' .. Aid to Public Works and Land Settlement Act, f 1908 t Aid to Public Works and Land Settlement Act, 1910 150,000 __ 189,100 Aid to Public Works and Land Settlement Act, 1911 Aid to Public Works and Land Settlement Aot, J 1912 1 1,226,000 50,000 25,000 49,000 50,000 25,700 175,300 5,000 1,400,000 / 1 July, 1914 31 Mar., 1915 i 1 Dec, 1919 1 Jan., 1920 131 Mar., 1920 (15 Apl., 1920 J 15 Apl., 1920 (15 Apl., 1922 1,226,000 50,000 25,000 49,000 50,000 25,700 175,300 5,000 34 4 4 42,910 1,750 1,000 1,837 1,875 1,028 6,574 200 1 Jan. „ 1 July. 1 June „ 1 Dec. 1 June „ 1 Dec. 1 Jan. „ 1 July. 1 June „ 1 Dec. 15 April „ 15 Oct. 15 April , 15 Oot. 15 April , 15 Oct. 206,000 Carried forward 70,599,073 289,036 70,310,037 2,647,389 i

53

8.—6

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1914— continued.

Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. Rai ite. Amount. Annual Charge. When payable. Remarks. Int. ! S.F. I '" I £ £ £ 70,599,073 £ 70,599,073 S £ 289,036 £ 70,310,037 °/ /o £ 2,647,389 1 Feb, and 1 Aug. 1 Jan. „ 1 July. 1 Jan. „ 1 July. Brought forward Aid to Public Works and Land Settlement Act, 1913 1,540,800 1,540,800 ) | | 1 Feb., 1924 1,540,800 ( 433,500 -! 953,500 237,400 4 31 31 31 4 61,632 15,172 33,372 67,340* 8,309 ♦Sinking Fund payable 0] £1,683,500 for 1913-14. Naval Defence Act, 1909* 433,500 953,500 Z'Ml } 1.387,000 l 1,387,000 ) If Uuly, 1914 } 31 Dec, 1914 Finance Act, 1909 Public Revenues Act, 1910 (Reserve Fund Securities Act, 1907) .. Post and Telegraph Act, 1908 Public Works Act, 1908— Paeroa-Waihi Railway Act, 1903 Waikaka Branch Railway Aot, 1905 Scenery Preservation Act, 1908 .. -j 237,400 237,400 ; ) j : 1 April, 1915 1 Jan. and 1 July. 800,000 200,000 800,000 200,000 ) 1 Aug., 1917 I 1 July, 1915 800,000 200,000 31 3| 28,000 7,500 1 Feb. „ 1 Aug. 1 Jan. „ 1 July. 10,000 30,000 20,000 14,000 86,250 53,476 10,000 ) 30,000 „ 4 0Q0 20,000 '*' UUU 14,000 j 86,250 53,476 - [■ 74,000 31 Mar., 1919 1 May, 1915 ( 1 Nov., 1916 ! 1 May, 1918 1 1 May, 1919 [ 1 May, 1919 86,250 53,476 10,000 30,000 20,000 14,000 3 3 31 3* 3| 4 2,587 1,604 350 1,050 750 560 31 Mar. „ 30 Sppt. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 Mav „ 1 Nov. 1 May , 1 Nov. Wellington-Manawatu Railway Purchase Act, 1908 Waihou and Ohinemuri Rivers Improvement Act, 1910 Appropriation Act, 1912 (Irrigation and Water- J supply Account) .. .. .. | Aid to Water-power Works Act, 1910 .. j 10,000 5,000 165,000 50,000 500,000 100,000 in r\r\{\ \ 500,000 100,000 D IMar., 1916 1 Aug., 1918 500,000 100,000 | 10,000 \ 5,000 165,000 50,000 5,000 35,000 10,000 8,000 10,000 73,000 19,100 166,000 48,500 5,000 4 34 3| 4 4 4 4 4 4J 4 4 4 20,000 3,500 375 200 6,600 1,875 200 1,400 425 340 425 2,920 812 7,470 1,940 200 169,404 1 Mar. , 1 Sept. 1 Feb. „ 1 Aug. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 Feb. „ 1 Aug. 1 April „ 1 Oct. 31 Mar. „ 30 Sept. 22 Jan. „ 22 July 31 Mar. , 30 Sept. 1 April „ 1 Oct. 30 Mar. „ 30 Sept. 30 Mar. „ 30 Sept. 1 April „ 1 Oct. 1 Mar. „ 1 Sept. 10,000 | 1K rcnn 5,000 15 ' 000 ) 01 . „„„ 50 i000 J 215 ' 000 5,000 35,000 10,000 j\ 8,000 l| 10,000 l 28fi ino 73,000 - i8b . 100 19,100 166,000 I 48,500 5,000 1 15,000 | 215,000 ) 1 Nov., 1919 j 1 May, 1918 | INov., 1919 1 Feb., 1919 lOct., 1918 (31 Mar.,1915 I 22 July, 1915 (31 Mar., 1916 1 1 April, 1919 30 Mar., 1921 '30 Mar., 1924 1 April, 1919 1 Mar., 1919 Hauraki Plains Amendment Act, 1913 Irrigation and Water-supply Act, 1913 .. 5,000 35,000 | Land Laws Amendment Act, 1913 .. -< 10,000 8,000 10,000 73,000 19,100 166,000 j) I 286,100 Native Land Amendment Aot, 1913 Rangitaiki Land Drainage Amendment Act, 1913 Public Debt Extinction Act, 1910 48,500 5,000 On £76,000,000 for 1914-15 •• 76,187,599 23,542,828 99,730.427 I I •• 3,093,701 858,418 •• State Advances Debt 76,187,599 23,542,828 99,730.427 1 289,036 1,144,957 75,898,563 22,397,871 98,296,434 ! Less Sinking Fund in respeot of— The Government Loans to Local Bodirs Acts The War and Defence Loans The Public Debt Extinction Aot, 1910 .. The Naval Defence Aot, 1909 1,433,993 3,952,119 vu, io\j .-±-h I ! 799,601 192,691 464,258 173,449 1,629,999 Totals 99,730,427 99,730,427t 3,063,992 1,629,999 96,666,435t 3,952,119 Includes £4,976,600 raised for re idem; itions earl; in succeedinj year, thus redui ing net indebtedness to 1391,689,835.

8.-6

54

Table No. 3. Particulars of the Public Debt transferred to the New Zealand State-guaranteed Advances Office, and Loans raised by, or on behalf of, that Office, for which the Dominion is indirectly liable, as at 31st March, 1914.

Amount outstanding. Due Date. „ . Annual Charge. Indebtedness. Rate. Amount. When payable. RAISED BY TREASURY AND TRANSFERRED. ADVANCES TO SETTLERS BRANCH. The Government Advances to Settlers Act, 1894. Extension, 1901. £ £ £ °/ £ 80,000 5 June, 1915 80,000 3°£ 2,800 1 June and 1 December. 80,000 j The Government Advances to Settlers Act, 1908. 105,000 1 June, 1915 | 105,000 3J I 3,675 1 June and 1 December. 1 March, 1916 i 100,000 4 1,000 1 March and 1 September. 1 January, 1919 12,900 4 516 1 January and 1 .July. 45,000 1 July, ' 1922 45,000 4 1,800 1 January and 1 July. 262,900 The New Zealand State-guaranteed Advances Acts, 1909-10. 867,300 1 July, 1914 ! 867,300 I 3£ i 30,355 1 January and 1 July. 70,000 1 December, 1914 ; 70,000 4 2,800 1 June and 1 December. 1,675,000 31 December, 1914 1,675,000 3| ! 58,625 1 January and 1 July. 205 000 1 December, 1916 205.000 4 8,200 1 June and 1 December. I 23 October, 1917 I 750,000 i 3| j 28,125 23 April and 23 October. 1 August, 1923 j 118,400 4 4,736 1 February and 1 August. '. 3,685,700 I The New Zealand Loans Act, 1908 New Zealand Consolidated Inscribed Stock. 158,456 1 November, 1929 158,456 4 6,338 I 1 May and 1 November. 881,848 1 January, 1940 881,848 3f> ] \ 30,865 j 1 January and 1 July. 2,990,000 1 April, 1945 2,990,000 3 89,700 ! 1 April and 1 October. 1 February, 1963 1,348,721 j 4 53,949 1 February and 1 August. 5,379,025 I I • 9,407,625 ADVANCES TO WORKERS BRANCH. The Government Advances to Workers Act, 1908. 25 000 1 June, 1915 25,000 875; 1 June and 1 December. 1 July, 1922 15,000 4 600 1 January and 1 July —'— 40,000 The New Zealand State-guaranteed Advances Acts, 1909-10. 750 000 1 July, 1914 750,000 3| 26,250 1 January and 1 July. 325.000 31 December 1914 | 325,000 3£ 11,375 1 January and 1 July. 205 000 1 January, 1919 I 205,000 3| 7,175 1 January and 1 July. 1 October, 1922 7,000 14 280 1 April and 1 October. 750,000 1 August, 1923 i 750.000 I 4 30,000 1 February and 1 August. —!— 2,037,000 I ! The New Zealand Loans Act, 1908—New Zealand Consolidated Inscribed Stock. 52,743 1 November, 1929 52,743 I 4 2,110 1 May and 1 November. 147184 1 January, 1940 147,184 j 3| 5,151 j 1 January and 1 July. 410',000 1 February, 1963 410,000 ! 4 16,400 j 1 February and 1 August. 1— 609,927 2,686,927 LAND FOR SETTLEMENTS BRANCH. The Land for Settlements Act, 1908. 5 000 1 January, 1915 5,000 ! 3J ] 175 1 January and 1 July. lo'oOO 1 February, 1915 10,000 j 3| 350 1 February and 1 August. 'g50 1 August, 1915 650 3J 23 1 February and 1 August. 76 150 1 January, 1916 76,150 3| 2,665 1 January and 1 July. 6 2000 1 April, ' 1916 62,000 i 3| j 2,170 1 April and 1 October. 27000 1 May, 1916 27,000 3| 9-15 1 May and 1 November. 44925 1 January, 1918 44,925 3J 1,572 I 1 January and 1 July 7' 7 00 1 January, 1916 7,700 3| 289 | 1 January and 1 July 233,425 Carried forward.

55

8.—6

Table No. 3 — continued. Particulars of the Public Debt transferred to the New Zealand State-guaranteed Advances Office, and Loans raised by, or on behalf of, that Office, for which the Dominion is indirectly liable, as at 31st March, 1914— continued.

jj et Annual Charge. Amount outstanding. Due Date. Indebted- ~~ ness. Rate. Amount. When payable. Annual Charge. When payable. RAISED BY TREASURY AND TRANSFERRED—continued. LAND FOR SETTLEMENT BRANCH— continued. The Land for Settlements Act, 1908— continued. £ £ £ % £ 233,425 Brought forward. 281,500 30 June, 1914 \ 281,500 i 4 I 11,260 30 June and 31 December. 84,300 1 July, 1914 84,300 ! 4 3,372 1 January and 1 July. 77,475 1 January, 1915 77,475 4 3,099 1 January and 1 July. 308,990 1 February, 1915 308.990 4 12,360 1 February and 1 August 10,000 1 March, 1915 j 10,000 4 400 1 March and 1 September. 91,550 1 August, 1915 91,550 4 3,662 1 February and 1 August. 158,985 1 January, 1916 j 158,985 4 6,359 1 January and 1 July. 60,120 I February, 1916 60,120 4 ( 2,404 1 February and 1 August. 38,500 1 April, 1916 38,500 ! 4 1,540 1 April and 1 October. 28,700 1 May, 1916 28,700 j 4 1,148 i 1 May and 1 November. 128,300 30 September, 1916 128,300 ; 4 5,132 31 March and 30 September. 413,000 1 January, 1917 413,000 ! 4 ! 16,520 1 January and 1 July 135,000 1 February, 1917 135,000 j 4 5,400 1 February and 1 August. 67,675 1 January, 1918 67,675 j 4 2,707 1 January end 1 July. 38,000 1 February, 1920 38,000 ! 4 1,520 I 1 February and 1 August. 168,700 1 January, 1921 168,700 4 6,748 1 January and 1 July. 442,650 1 January, 1922 442,650 ; 4 ! 17,706 1 January and 1 July. 20,000 1 January, 1922 20,000 I 4 800 1 April and 1 October. 27,400 1 February, 1922 27,400 4 1,096 1 February and 1 August 45,000 1 April, 1922 45,000 4 1,800 1 April and 1 October. 100,000 1 August, 1922 100,000 4 4,000 1 February and 1 August. 83,950 1 January, 1923 83,950 | 4 3,358 1 January and 1 July 40,000 1 April, 1923 40,000 ! 4 1,600 1 April and 1 October. 126,000 1 May, 1923 126,000 | 4 5,040 1 May and 1 November. 77,000 15 March, 1925 77,000 j 4 3,080 15 March and 15 September 3,286,220 I The New Zealand State-guaranteed Advances Acts, 1909-10. 210,000 1 July, 1914 | 210,000 3| j 7,350 I 1 January and 1 July. 39,500 1 April, 1917 39,500 4 1,580 1 April and 1 October. 741,066 31 October, 1917 j 741,066 3f 27,790 30 April and 31 October 73,700 31 October, 1917 73,700 3| 2,579 30 April and 31 October. 33,000 1 April, 1918 33,000 4 1,320 1 April and 1 October. 99,000 1 October, 1918 99,000 3J 3,465 1 April and 1 October 600 . 1 November, 1918 600 4 24 1 May and 1 November 8,000 1 November, 1918 8,000 3| 280 1 May and 1 November 64,850 1 January, 1919 64,850 3J 2,269 1 January and 1 July 12,350 1 January, 1919 12,350 3| 463 ! 1 January and 1 July. 144,815 1 January, 1919 144,815 4 5,792 | 1 January and 1 July. 21,500 1 February, 1919 21,500 3f 806 . 1 February and 1 August 61,300 1 February, 1919 61,300 4 2,452 I 1 February and 1 August 22,500 1 April, 1919 22,500 4 900 j 1 April and 1 October 30,000 1 May, 1919 30,000 4 1,200 i 1 May and 1 November 15,300 1 May, 1919 15,300 3| 574 i 1 May and 1 November 10,000 1 March, 1920 10,000 4 400 1 March and 1 September 24,000 1 March, 1923 24,000 4 960 1 March and 1 September 210,000 1 August, 1923 210,000 4 8,400 1 February and 1 August 1,821,481 8 The New Zealand Loans Act, 1908—New Zealand Consolidated Inscribed Stock. 10,347 1 November, 1929 10,347 4 414 I May and I November 1,005,489 1 January, 1940 1,005,489 3J 35,192 1 January and 1 July 69,165 1 April, 1945 69,165 ! 3 2,075 1 April and 1 October 461,667 1 February, 1963 461,667 j 4 , 18,467 1 February and 1 August. 1,546,668 6,654,369

8.—6

56

Table No. 3— continued. Particulars of the Public Debt transferred to the New Zealand State-guaranteed Advances Office, and Loans raised by, or on behalf of, that Office, for which the Dominion is indirectly liable, as at 31st March, 1914— continued.

Annual Charge. Net . ..... . .__. _ Amount outstanding. Due Date. Indebtedness. Rate. Amount. When payable. RAISED BY TREASURY AND TRANSFERRED— continued. LOCAL AUTHORITIES BRANCH. The New Zealand Loans Act, 1908—New Zealand Consolidated Inscribed Stock. £ £ £ % £ 998 333 1 February, 1963 998,333 4 j 39,934 1 February and 1 August,. 4*141 1 November, 1929 4,141 4 166: 1 May and 1 November. 3,333 1 January, 1940 3,333 3| 117 1 January and 1 July. __!_ 1,005,807 NATIVE LAND SETTLEMENT BRANCH. The New Zealand State-guaranteei Advances Acts, 1909-10. 50 000 I 1 April, 1919 50,000; 3| 1,875 1 April and 1 October. 1 April, 1949 30,000 j 3| 1,125 1 April and 1 October. — 80,000 GUARANTEED MINING ADVANCES BRANCH. The New Zealand State-guaranteed Advances Acts, 1909-10. 10.000 I 1 July, 1922 10,000 ! 4 400 i 1 January and 1 July. —■ 10,000 Total 19,844,728 All Branches). RAISED BY SUPERINTENDENT. The New Zealand State-guaranteed Advances Act, 1909. (Advances to Settlers.) £ £ £ % £ 100 000 ; 1 October, 1948 100,000 3J 3,500 1 April and 1 October. 37*000 1 April, 1949 37,000 3| 1,387 1 April and 1 October. ■— 137,000 (Advances to Workers.) 75 000 1 June, 1917 75,000 4 3,000 1 June and 1 December. IOo'oOO 30 June, 1925 100,000 4 4,000 30 June and 31 December 325*000 1 October, 1948 325,000 ; 3J 11,375 j 1 April and 1 October. 100*000 1 April, 1949 j 100,000 j 3| 3,750 j 1 April and 1 October. 600,000 I (Land for Settlements Branch.) 25 000 1 October, 1948 I 25,000 3£ 875 1 April and 1 October. 470,000 1 April, 1949 i 470,000 3f 17,625 1 April and 1 October. — 495,000 I (Local Authorities Branch.) 400 000 I 1 April 1947 400,000 j 3J 14,000 \ 1 April and 1 October. 4 75 '000 1 October, 1947 475,000 | 3J 16,625 \ 1 April and 1 October. 212 'ooo 1 April, 1948 212,000 | 3J 7,420 1 April and 1 October. 400'000 1 October, 1948 400,000 i 3| 14,000 1 April and 1 October. 96000 1 April, 1949 96,000 3| 3,600 1 April and 1 October. 275000 1 April, 1949 275,000 3£ 9,625 1 April and 1 October, g'ooo 1 April, 1949 9,000 4 360 1 April and 1 October. 48000 1 April, 1918 48,000 j 4 1,920 1 April and 1 October. 1,915,000 (Native Land Settlement Branch.) 20 000 1 October, 1947 I 20,000 j 3J 700 1 April and 1 October. 361*600 1 October, 1948 ! 361,600 : 12,656 1 April and 1 October. 54*500 1 April, 1949 54,500 ' 3| ' 2,044 1 April and 1 October. 30*000 1 April, 1949 30,000: 4 1,200 1 April and 1 October. 1 April, 1918 80,000 4 3,200 I 1 April and 1 October. - 546,100 (Guaranteed Mining Advances Branch.) 5) 000 1 April, 1949, 5,000 3| I 187 1 April and 1 October. 5,000 ■ Total 3,698,100 (All Branches).

57

8.—6

Table No. 4. Statement of the Estimated Liabilities chargeable on the Consolidated Fund (Revenue Account) outstanding on the 31st March, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, and 1914.

B—B. 6,

31st March, 1904. 31st March, 1905. 31st March, 1906. 31st March, 1907. Slst March, 1908. 31st March, 1909. 31st March, 1910. 31st March, 1911. 31st March, 1912. 31st March, 1913.! 31st March, 1914 Revenue Account. Permanent Appropriations, — Civil List Interest and Sinking Fund Under Special Acts of the Legislature Subsidies payable to Local Authorities Under the Land Acts, payable to Local Authorities Pensions Land Act National Endowments £ s. d. | 588 12 11 1,284 3 9 174 0 0 £ s. d. 951 4 11 859 10 4 372 14 8 £ s. d. 460 7 16 895 6 1 £ s. d. 287 8 8 849 11 8 760 0 0 £ s. d. 332 0 8 2,541 18 6 1,045 0 0 £ s. d. 663 15 10 6,324 6 0 £ s. d. 765 13 4 3,939 8 9 £ s. d. 753 11 8 1,458 11 10 £ s. d. 230 18 2 3,372 10 3 £ s. d. 208 6 9 2,518 4 6 £ s. d. 227 16 9 I 14,937 0 0 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 j i 68 11 8 - ■ 2,787 11 3 " •• •• 3,803 16 9 3,940 10 0 3,112 13 8 3,654 0 5 5,675 19 3 6,988 1 10 7,492 13 4 2,212 3 6 3,603 8 5 2,726 11 3 15,233 8 5 Annual Appropriations, — Legislative Depaitment of Minister of Finance* Postmaster-General .. Working Railways Public Buildings Maintenance and Improvement of Roads Minister of Justicef Minister of Defence i Ministei of Mines Department of Internal Affairs Commissioner of Customs Minister of Marine Minister of Labour Minister of Lands Minister of Agriculture Minister of Education 85 16 2 2,534 15 4 28,750 0 0 109,146 17 3 1,294 0 5 2,559 3 5 6,773 13 4 37 0 a 3,242 15 3 533 16 0 1,558 15 3 130 12 8 2,498 14 5 16,562 17 9 15 0 76 1 5 2,866 0 4 28,481 0 0 108,054 11 6 724 11 5 1,990 18 9 12,807 17 6 7 12 6 2,878 12 5 34,910 0 0 103,381 3 5 723 15 11 2,102 11 8 10,685 15 10 184 3 9 4,269 11 1 36,725 0 0 119,289 0 0 850 14 3 1,746 8 1 6,071 19 1 3,620 12 3 64 1 9 2,150 13 8 43,550 0 0 156,471 0 0 848 18 10 1,297 17 5 3,097 8 4 3,944 2 6 33 19 6 2,308 0 9 41,703 0 0 191,727 0 0 832 0 4 1,690 16 1 3,627 5 9 10,583 14 7 1,912 5 10 6,765 16 7 236 10 8 3,312 2 2 1,002 8 5 5,924 14 2 8,428 13 4 56 2 6 62 3 5 1,600 11 3 42,545 0 0 129,131 0 0 663 9 4 3,611 7 6 6,733 2 11 7,398 6 2 30 16 8 7,477 2 11 176 2 0 1,780 15 0 49,039 0 0 143,363 0 0 1,543 1 9 448 0 0 6,788 1 3 3,152 2 10 74 15 11 427 16 8 63,981 0 0 172,451 0 0 1,961 15 11 5,472 0 0 5,973 6 0 6,648 6 0 I 103 14 4 182 7 5 58,831 19 10 150,514 0 0 3,487 6 1 3,516 0 0 12,178 15 11 12,958 10 5 61 11 2 10,968 16 10 152 2 1 592 14 6 63,566 5 6 136,909 0 0 1,719 8 6 6,099 0 0 8,884 4 8 7,055 15 5 8,658 17 6 19,064 12 2 5,076 0 7 198 2 2 1,571 15 8 292 10 2 5,250 14 2 10,000 11 11 7,040 16 11 203 15 0 1,662 13 1 351 3 9 1,710 1 5 6,033 18 6 3 0 11 8,798 0 7 370 17 8 4,293 5 4 485 2 0 4,561 5 9 10,552 12 5 2,638 3 0 8,297 3 4 170 9 3 2,730 0 8 1,185 7 10 18,811 17 4 7,166 16 6 327 4 10 |3,309 10 2 11,549 2 5 2,469 19 1 11,311 12 2 2,760 16 5 2,927 6 10 1,447 16 4 . 959 8 9 4,761 16 5 2,818 1 9 255 18 5 412 5 5 6,768 15 8 4,044 10 7 1,979 15 7 255 3 6 6,170 12 3 11,716 11 4 850 0 1 11,385 5 3 10,403 7 0 8,877 16 11 869 0 7 4,065 19 9 8,420 0 0 2,402 10 6 269,907 7 6 • Services not provided for 175,710 2 3 177,390 15 7 171,695 1 4 204,456 15. 3 250,113 2 3 280,144 10 8 211,357 15 8 233,514 11 7 290,054 16 3 286,396 18 0 21 9 0 783 19 3 10,922 12 3 647 9 1 6 11 10 •• 82 10 1 Totals 179,513 19 0 181,331 5 7 174,829 4 0 208,894 14 11 255,795 13 4 287,132 12 6 •229,773 1 3 236,374 4 2 293,740 14 9 ■• 289,123 9 3 285,140 15 11 * Includes Rates on Crown Lands. 1 Includes Native and Crown Law.

58

8.—6

Table No. 5. Statement of the Estimated Liabilities chargeable on the Public Works Fund outstanding on the 31st March, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, and 1914.

31st March, 1904. 31st March, 1905. 31st March, 1906. 31st March, 31st March, 1907. 1908. 31st March, 1909. 31st March, 1910. 31st March, 1911. 31st March, 1912. I 31st March, 1913. 31st March, 1914. Annual Appropriations — Public Woiks, Departmental Railways Utilization of Water-power .. Development of Water-power Irrigation and Water-supply Publio Buildings Lighthouses and Harbour-works Tourist and Health Resorts Immigration Roads Development of Goldfields .. Native Lands Purchases Telegraph Extension Rates on Native Lands Contingent Defence Lands Improvement £ s. d. £ , s. d. £ s. d. £ s. d. £ s. d. £ s. d. 97 18 4 761,628 0 5 £ s. d. 47 3 3 687,004 6 2 £ s. d. 34 0 0 636,640 12 11 £ s. d. 283 19 3 622,761 12 2 £ s. d. 566 16 8 255,340 3 0 £ s. d. 105 17 1 287,777 3 10 113,057 16 6 210,656 18 10 8 1 11 196,099 10 8 i 3 18 6 210,242 19 1 797,179 13 4 36,338 8 3 506 6 5 4,911 14 5 38,887 18 5 316 5 5 2,285 6 3 51,967 11 8 158 10 8 39,046 16 7 - 34,813 6 4 637 0 0 21,805 19 8 667 4 1 109,681 12 2 2,616 18 3 60,328 4 8 83 10 1 12,446 16 2 7 15 0 132,260 17 2 4,101 12 1 52,457 9 5 793 6 3 7,369 12 9 2,857 14 0 155,275 0 4 4,400 10 8 i I 200,406 17 3 286 0 7 5,142 4 4 159 0 0 69,553 9 4 2,290 16 2 212 13 6 10 0 221,135 14 6 347 5 7 442 1 9 22 0 0 157,326 0 0 2,034 4 7 56,157 9 1 176,855 6 3 722 19 6 880 17 6 3,595 6 10 219,069 0 0 80,910 10 11 527 9 8 1,791 0 0 235,148 17 9 945 13 9 4,889 0 0 80,787 4 7 2,038 14 7 7,298 0 0 43,877 0 0 355 15 8 4,240 0 0 11 7 6 98,326 1 7 1,794 16 3 4,580 11 8 30,114 0 0 300 0 0 38,151 0 0 381 0 5 139,080 6 4 2,886 10 5 51 5 4 83,295 0 0 360 0 0 13,329 0 0 393 9 4 162,258 11 6 226,114 16 4 1,192 4 9 75,110 5 1 669 15 0 65 13 0 828 11 8 103,550 0 0 11 0 0 68,837 0 0 39,310 0 0 71,904 0 0 111,372 0 0 171,297 1 0 235,665 16 3 303 9 8 407 11 11 221 18 9i[ 574 14 11 33 5 10 | 1,973 12 0 j 148 15 2 1,240 18 2 55 0 0 203 16 1 1,155 6 7 293,422 7 11 425,802 0 9 526,671 19 6 1,054,427 13 9 1,004,996 10 9 1,092,106 10 8 1,191,847 5 9 122 0 0 673,932 10 11 992,098 5 10 Services not provided for Totals .. • •• - 523,671 19 6 457,139 4 4 - 457,139 4 4 1,111,124 15 1 •• 1,111,124 15 1 - 1,054,427 13 9 1,004,996 10 9 1,092,106 10 8 1,191,969 5 9 293,422 7 11 425,802 0 9 673,932 10 11 992,098 5 10

59

8.-6

Table No. 5 — continued. Statement of the Estimated Liabilities chargeable on the undermentioned Separate Accounts outstanding on the 31st March, 1904, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, and 1914.

31st March, 1904. 31st March, 31st March, 1905. 1906. 31st March, I 31st March, 1907. 1908. 31st March, 31st March, 31st March, 31st March, 1909. 1910. 1911. 1912. 31st March, 1913. 31st March, 1914. State Forests Account State Coal-mines Account Scenery Preservation Account Land for Settlements Account Maori Land Settlement Act Aocount Loans to Local Bodies Account Hauraki Plains Settlement Aocount Paeroa-Waihi Railway Account Wellington-Hutt Railway and Road Improvement Account Aid to Water-power Works Account Irrigation and Water-supply Account Waikaka Branch Railway Account Railways Improvements Account Cheviot Estate Account State-guaranteed Advances Acoount Publio Trustee's Account Government Life Insurance Account Government Aocident Insurance Aocount State Fire Insurance Account National Endowment Account Opening up Crown Lands for Settlement Account Native Land Settlement Account Rangitaiki Land Drainage Account Waihou and Ohinemuri Rivers Improvement Account £ s. d. 217 0 2 £ s. d. 527 4 8 18 19 1 £ s. d. 225 19 0 16' 8 3 6,194 3 8 6,087 13 6 £ s. d. 1,730 15 10 53 18 8 4,900 0 10 747 4 7 2,656 2 8 £ s. d. 1,326 3 4 £ s. d. 581 17 1 £ s. d. 161 8 4 13,606 4 9 113 7 0 1,664 14 5 £ s. d. 559 1 0 14,547 3 9 83 8 0 2,849 17 1 £ s. d. 600 19 8 £ s. d. 390 4 6 10,707 3 7 76 8 9 1,195 19 0 £ s. d. 183 10 7 2,044 15 10 8,076 13 7 8,636' 2 11 682 0 4 3,455 18 3 6 12 9 5,499 11 5 18 9 1 2,544 3 8 150 7 0 5,978 9 4 551 17 3 102 2 3 2,977 3 9 3,38513 7 3,038 5 6 | 4,296 15 11 3,505' 9 2 7,645 12 8 759 7 9 21 19 2 1,861 3 1 163' 7 10 45 15 7 896* 2 10 • • " .. . .. 7,851 17 8 19,707 1 6 8,422 0 0 8,671 0 0 19,638 0 0 15,320 0 0 15,324 0 0 7,600 0 0 7,777 0 0 132,162 1 4 50 0 0 3,679 0 0 34,964 0 6 200 0 0 .. " •• j 7,856 11 8 33,809 0 0 520 17 10 20,304 0 0 22,494 0 0 6 12 0 129 12 7 7,756 8 7 1,213 14 9 682 1 11 632 9 10 19,277 0 0 •• 31,352 0 0 132,486 0 0 103,233 0 0 63,669 0 0 2318 0 48 12 9 28 7 2 103 19 4 132 4 10 24,871 10 0 326 11 0 562 6 4 355' 7 6 318 11 5 389 0 11 470' 8 8 899' 0 0 1,214 .0 6 1,238' 5 4 1,019' 2 6 1,069 15 2 2,553 7 0 614 14 4 790 18 0 725 5 0 432 10 0 543 18 4 904 15 10 4,945 3 0 10,376 0 0 173 18 3 142 15 3 412 11 10 606 14 4 884 1 7 4,687 5 8 9,582 0 0 429 10 0 889 3 8 1,256 11 0 293 8 10 711 18 4 2,732 18 3 9,396 0 O 2,559 10 11 310 13 4 447 19 0 313 16 5 1,507 9 2 468 0 0 13,566 0 0 2,567 17 10 344 5 7 450 0 0 88 6 8 •' - •• 9,902 5 6 8,050 1 1 8,215 18 0

8.—6.

Table No. 6. STATEMENT showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to the 31st March, 1914.

60

WAYS AND MEANS. Loans: — Immigration and Public Works Loan, 1870 Immigration and Public Works Loan, 1873 Immigration and Publio Works Loan, 1874 General Purposes Loan Act, 1873 New Zealand Loan Act, 1876 New Zealand Loan Act, 1877 New Zealand Loan Act, 1879 New Zealand Loan Act, 1882 .. New Zealand Colonial Inscribed Stock Loan Act, 1882 North Island Main Trunk Railway Loan Act, 1882 New Zealand Loan Act, 1884 New Zealand Loan Act, 1886 District Railways Purchasing Acts, 1885 and 1886 New Zealand Loan Act, 1888 Native Land Purchase Act, 1892 Lands Improvement and Native Lands Acquisition Act, 1894 Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Amendment Act, 1897 . . Aid to Public Works and Land Settlement Amendment Act, 1898.. Aid to Public Works and Land Settlement Act, 1899 Aid to Public Works and Land Settlement Act, 1900 Aid to Publio Works and Land Settlement Act, 1901 Aid to Public Works and Lund Settlement Act, 1902 Aid to Pubbc Works and Land Settlement Acr,, 1903 Aid to Public Works and Land Settlement Act, 1904 Aid to Public W»iks and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Act, 1906 Aid to Public Works and Land Settlement Act, 1907 Aid to Public Woiks and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Act, 1909 Aid to Public Works and Land Settlement Act, 1910 Aid to Public Works and Land Settlement Act, 1911 Aid to Public Works and Land Settlement Act, 1912 Aid to Publio Works and Land Settlement Act, 1913 The Finance Act, 1909 Tbe Post and Telegraph Act, 1908 Midland Railway Petitions Settlement Acts, 1902-3 Paeroa-Waihi Railway Aot, 1903 Waikaka Branch Railway Act, 1905* £ s. d. 4,000,000 0 0 2,000,000 0 0 4,000,000 0 0 750,000 0 0 750,000 0 0 2,200,000 0 0 5,000,000 0 0 3,000,000 0 0 250,000 0 0 1,000,000 0 0 1,500,000 0 0 1,325,000 0 0 479,487 7 11 1,000,000 0 0 149,700 0 0 500,000 0 0 1,000,000 0 0 250,000 0 0 500,000 0 0 1,000,000 0 0 1,012,100 0 0 1,250,000 0 0 1,750,000 0 0 998,690 0 0 750,000 0 0 1,000,000 0 0 1.000,000 0 0 1,000,000 0 0 1,250,000 0 0 1,000.000 0 0 1,750,000 0 0 1,500,000 0 0 1,748,900 0 0 1,532,222 0 0 1,250,000 0 0 200,000 0 0 150,000 0 0 75,000 0 0 50,000 0 0 £ s. d. Receipts in Aid: — Amount transferred from Consolidated Fund Contributions of Canterbury Province for Railways Proceeds of Railway Material handed over to Cook County Council Stamp Duties to 31st December, 1876 Transfer from Confiscated Lands Liabilities Account Reoeipts under Section 16 of the Reserves and other Lands Disposal and Public Bodies Empowering Act, 1912 Special Receipts under section 9 of the Railways Construction Act, 1878 Special Receipts under the Ellesmere Lake Lands Acts, 1888 and 1893 Special Receipts under the Railways Authorization and Management Act, 1891 Special Receipts under the North Island Main Trunk Railway Loan Application Act, 1886 Sinking Funds released 9,955,000 0 0 56,000 0 0 4,963 7 4 264,657 16 4 19,963 1 3 49,921,099 7 11 21,890 4 5 60,616 3 0 11,054,379 13 8 47,661 0 10 2,257 1 9 114,550 19 6 506,819 19 3 £60,975,479 1 7 NET EXPENDITURE. Expenditure on— Immigration Public Works, Departmental Railways, including Surveys of New Lines Roads Land Purchases Development of Goldfields Telegraph Extension Public Buildings Lighthouses, Harbour Works, and Defences Contingent Defence Rates on Native Lands Thermal Springs Tourist and Heath Resorts Lands Improvement Charges and Expenses of raising Loans Coal-mines Interest and Sinking Fund Payment to Midland Railway Bondholders Irrigation and Water-supply ,. Development of Water-power £ s. d. 2,288,520 3 3 850,745 3 1 30,898,630 8 5 10,101,329 9 9+ 2,064,863 1 10 882,691 9 9 2,069,773 1 5 5,856,824 12 8 1,105,503 15 3 974,394 16 4 68,671 16 10 14,599 13 2 244,527 14 8 121,276 18 0 1,252,400 10 5 10,835 8 0 218,500 0 0 150,000 0 0 4,356 5 0 18,450 14 1 £ s. d. 59,796,895 1 11 Balance on 31st March, 1914, — Cash in the Public Account Advances in the hands of Officers of the Government Investment Account 1,142,577 16 10 26,006 2 10 10,000 0 0 1,178,583 19 8 £60,975,479 1 7 * Receipts and expenditure under the Waikaka Branch Railwa t Has been reduced by £89,800 received under section 31 of the Governmi cy Act, 1905, now molud. ant Loans to Local Boi 3d. lies Act, 1886.

61

8.—6

Table No. 7. Estimated Expenditure of the Consolidated Fund (Revenue Account) for 1914-15, compared with Actual Expenditure of 1913-14.

Table No. 8. Estimated Revenue of the Consolidated Fund (Revenue Account) for 1914-15, compared with the Actual Revenue of 1913-14.

Estimate ! for Estimate | for 1914-15. Actual for 1913-14. Differences. tor 1914-15. Increase. Decrease. Revenue Account. Permanent Appropriations,— £ Civil List .. .. .. .. .. .. 24,300 Interest and Sinking Fund .. .. .. .. 3,059,069 Under special Acts .. .. .. .. .. 1,399,457 4,482,826 £ 24,300 3,059,069 1,399,457 £ 32,071 2,887,981 1,316,036 £ 171,088 83,421 £ 7,771 4,482,826 4,236,088 254,509 7,771 Annual Appropriations,— Legislative Departments .. .. .. .. 37,233 Departments of Finance .. .. .. .. 199,873 Post and Telegraph Department .. .. 1,238,491 Working Railways Department .. .. .. 3,030,000 Public Buildings, Domains, and Maintenance of Roads .. 117,350 Native Department .. .. .. .. .. 23,727 Justice Department .. .. .. .. 444,883 Mines Department .. .. .. 34,343 Department of Internal Affairs.. .. 463,506 Defence Department .. .. .. .. .. 512,001 j Customs, Marine, and Inspection of Maohinery Depart- 165,149 ! ments Department of Labour .. .. .. .. 28,117 Department of Lands and Survey .. .. ... 245,376 Department of Agriculture, Industries, and Commerce .. , 216,072 Education Department .. .. .. ..! 1,227,522 rt OQQ £Ati 37,233 199,873 1,238,491 3,030,000 117,350 23,727 444,883 34,343 463,506 512,001 165,149 43,743 68,984 1,170,883 3,004,181 125,466 23,986 419,749 29,877 456,982 488,570 146,984 130,889 67,608 25,819 25,134 4,466 6,524 23,431 18,165 6,510 8,116 259 •• ' \ 28,117 245,376 216,072 1,227,522 28,549 253,792 192,838 1,131,756 432 8,416 23,234 95,766 7,983,643 7,586,340 421,036 23,733 ; 7,983,643 Services not provided for .. .. .. 3,436 3,436 675,545 34,940 34,940 Total .. .. .. ... 12,466,469 11,825,864 640,605

Estimate for 1914-1S. Actual for 1913^14. Diflei fences. Increase. Decrease. Revenue Account. 3,300,000 i 1,250,000 1,200,200 1,345,000 795,000 565,000 125,000 101,700 52,300 455,400 220,000 i 78,770 .3,426,744 4,028,739 1,221,971 1,257,537 767,451 554,271 127,041 100,635 53,037 ! 424,067 190,444 72,402 £ 16 126,744 Ordinary Revenue, — Customs Railways Stamps Postal and Telegraph Land-tax Inoome-tax.. Beer Duty Registration and other Pees Marine Miscellaneous Territorial Revenue Endowment Revenue 221,261 87,463 27,549 10,729 1,065 21,771 2,041 31,333 29,556 6,368 737 415,324 151,293 151,293 Total 264,031 12,488,370 12,224,339

8.-6.

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Table No. 9. Statement showing the Amount charged to "Unauthorized" in each Financial Year from 1st July, 1875, to 31st March, 1914.

By Authority : John Maceay, Government Printer, Wellington.—l9l4.

iue Account. | ■ Consolidate id Fund. —Reve? Othbb Accounts. Public Wobks Funb. ToTAi.. Financial Year. I Services not provided for. i j Excess of Votes. Total. ! I i •_ 1875-76 1876-77 1877-78 .. 1878-79 1879-80 1880-81 1881-82 1882-83 : 1883-84 .. : 1884-85 . . •■ 1885-86 I 1886-87 .. 1887-88 1888-89 1889-90 1890-91 1891-92 1892-93 1893-94 . . i 1894-95 I 1895-96 .. I 1896-97 .. ! 1897-98 .. 1898-99 1899-1900 1900-1901 1901-1902 1902-1903.. 1903-1904 1904-1905 1905-1906 .. ! 1906-1907 .. I 1907-1908.. 1908-1909 1909-1910 1910-1911 1911-1912.. 1912-1913 1913-1914 £ s. d. 13,167 4 8 18,397 17 1 19,079 12 6 11,413 16 1 5,818 9 9 6,151 13 9 3,899 16 3 4,473 15 8 7,293 9 9 : 5,981 17 8 9,337 11 2 14,337 19 7 7,303 17 10 3,521 18 2 4,412 5 3 10,610 1 0 2,288 3 2 1,741 7 10 2,350 7 0 i 8,985 3 7 22,422 16 10 3,188 17 7 2,258 19 7 3,305 15 11 11,187 13 8 26,367 18 6 3,836 7 0 9,027 5 4 3,344 11 0 6,215 4 8 8,576 16 7 4,989 9 1 4,133 3 3 14,127 8 1 15,324 5 7 10,427 9 4 20,332 3 1 2,506 15 0 4,730 15 8 £ s. d. 19,195 17 1 13,398 7 0 58,709 17 2 47,466 4 5 18,466 2 1 37,825 6 6 38,474 18 9 64,631 0 2 45,284 2 6 39,039 17 11 47,106 10 3 38,117 13 5 42,104 15 10 35,157 16 5 43,257 1 0 76,778 5 11 21,026 16 4 28,283 15 11 7,376 7 4 9,148 0 5 16,229 5 9 24,195 2 9 39,314 13 4 36,468 0 10 60,652 13 7 62,788 3 2 68,866 10 9 101,076 10 4 47,775 11 4 22,109 12 2 52,385 3 7 28,559 6 2 37,713 8 11 50,890 5 1 23,100 14 0 27,200 14 6 62,950 14 7 115,428 2 5 80,228 10 11 £ s. d. 32,363 1 9 31,796 4 1 77,789 9 8 58,880 0 6 24,284 11 10 43,977 0 3 42,374 15 0 ; 69,104 15 10 52,577 12 3 45,021 15 7 56,444 1 5 ! 52,455 13 0 ! 49,408 13 8 38,679 .14 7 47,669 6 3 87,388 6 11 23,314 19 6 | 30,025 3 9 9,726 14 4 18,133 4 0 38,652 2 7 27,384 0 4 41,573 12 11 39,773 16 9 71,840 7 3 89,156 1 8 72,702 17 9 110,103 15 8 51,120 2 4 28,324 16 10 60,962 0 2 33,548 15 3 41,846 12 2 65,017 13 2 58,424 19 7 37,628 3 10 83,282 17 8 117,934 17 5 84,959 6 7 £ s. d. 3,155 9 2 3,490 6 1 653 6 5 3,938 14 8 1,005 3 10 13,443 11 3 13,590 6 10 12,343 2 2 9,003 18 7 7,163 15 3 13,965 10 1 6,212 16 7 27,821 16 11 13,506 2 8 23,631 7 1 5,459 18 11 9,183 10 6 4,754 17 10 522 12 2 1,890 7 5 16,995 9 9 24,726 3 6 4,743 17 10 2,304 8 10 £ s. d. 63,875 11 8 2,197 4 5 22,009 14 0 32,179 1 1 17,096 9 9 34,133 17 3 2,217 9 8 8,137 17 11 31,741 17 10 872 0 11 6,465 17 5 28,633 10 8 30,407 2 3 18,633 2 10 12,287 18 10 7,097 19 9 7,594 1 2 11,149 14 2 1,335 12 11 330 8 1 33,245 2 4 7,051 0 8 53,648 14 0 8,222 10 6 7,990 18 7 17,518 3 7 6,955 4 10 12,837 3 6 9,584 9 11 31,862 8 3 19,965 16 2 55,556 14 10 80,170 3 3 16,641 15 7 11,638 18 8 12,833 7 5 4,982 8 7 73,404 8 3 16,671 3 3 £ s. d. 99,394 2 7 37,483 14 7 100,452 10 1 94,997 16 3 42,386 5 5 91,554 8 9 58,182 11 6 89,585 15 11 93,323 8 8 53,057 11 9 76,875 8 11 87,302 0 3 107,637 12 10 70,819 0 1 83,588 12 2 99,946 5 7 40,092 11 2 45,929 15 9 11,584 19 5 20,353 19 6 88,892 14 8 59,161 4 6 99,966 4 9 50,300 16 1 79,831 5 10 107,336 12 10 79,911 11 5 123,140 19 2 62,952 18 9 73,734 16 8 104,884 6 2 101,973 0 9 122,446 4 5 96,916 19 10 53,564 5 3 51,471 0 10 89,125 11 7 191,403 0 8 101,767 15 6 662 7 7 253 8 10 200 0 0 2,248 6 6 13,547 11 7 23,956 9 10 12,867 10 8 429 9 0 15,257 11 1 3,500 7 0 1,009 9 7 860 5 4 63 15 0 137 5 8