FINANCIAL STATEMENT (In Committee of Supply, 26th August, 1915) BY THE RIGHT HONOURABLE SIR JOSEPH WARD, BART., P.C., K.C.M.G., MINISTER OF FINANCE.

Appendix to the Journals of the House of Representatives, 1915 Session I, B-06

8.—6.

INDEX.

PAGE Accounts —Financial Position of .. .. .. .. .. .. .. vi-ix Coal-mining Industry .. .. .. .. .. .. .. .. xvi Conclusion .. .. . . .. .. .. .. ..' .. .. xxxii Consolidated Fund — Revenue for .1914—15 .. .. .. .. .. .. .. .. iii Revenue for 1914-15 compared with 1913-14 ... .. .. .. .. iv Cook Island:-; . . ..' . . . . . . . . . . ' . . . . xvii Customs .. .. .. .. .. .. .. .. .. .. xii Proposed'increases of Duties .. .. .. .. .. .. xxvii Defence Department:— Defence .. .. .. .. .. .. .. .. .. xix Annual Training-camps .. .. .. .. .. .. .. .. xix Defence Expenditure .. .. .. .. .. .. .. .. xix Rifle Clubs .. .. .. .. .. .. .. .. .. xx Senior Cadets .. .. .. .. .. ... .. .. .. xx Permanent Staff .. .. . . . . . . . . . . .. xx War Expenditure, Statement of .. .'. .. .. .. .. .. xx War Fund, Contributions to .. . . .. .. .. .. .. xxi Relief Funds .. .. .. .. .. .. .. .. .. xxi New Zealand Hospital Snip .. .. .. .. .. .. .. xxii Education Department: — Education .. .. .. .. .. .. .. .. .. xxii Teachers' Superannuation Fund .. .. .. .. .. .. .. xxii Expenditure : — Estimated' and''actual, for J914-15 .. .. .. .. .. .. iv Details for 1914-15 compared with 1913-14 . . .. .. . . .. v Estimated for 1915-16 .. .. .. .. .. .. .. .. xxiv Estimated Revenue and Expenditure for 1915-16 .. .. .. .. .. xxiv Flour and Wheat .. .. .. .. .. .. .. .. .. xv Friendly Societies .. .. .. .. .. .. .. .. .. xii Frozen-meat Supply, Imperial Government .. .. .. .. .. .. xiv Gold, Export of .. .. .. .. .. .. .. .. xvi Imperial Government Frozen-meat Supply .. .. .. .. . • . • xiv InsulatedjTonnage—lmperial Government Frozen-meat Supply .. .. .. .. xiv Insurance of Public Buildings .. .. .. .. .. .. .. xxiii Land and Income Tax Department .. .. .. .. .. .. ■ ■ xxvii Land and Income Tax, Proposed increases .. .. .. .. .. .. xxvi Lands :■ — Land Revenue .. .. .. • • • • • • • • • • • • xvi Settlement of Crown Lands .. .. .. .. .. .. .. xvi Swamp-land Reclamation .. .. .. . ■ .. • • • • xvii Kauri-gum Lands .. .. . • • • • • ■ • • • • ■ xvii Land for Settlements . . .. .. .. • • • • • • • • xvii Loans:—■ Loan-moneys required . . .. • ■ • • • ■ • • • • • • II Loans falling due .. .. .. • • • • • ■ • • • • xi Public-Works Loan required .. .. .. .. .. .. .. xxxi National Provident Fund .. .. .. .. .. • ■ • ■ • ■ xii Pensions , .. ".. •■ •• •• •• ■■ •• •• •• XIX Post andjTelegraph Department .. .. ..' .. .. ... . • xviii Proposed increase of Charges .. .. .. .. .. .. . ■ xxvii Proposed increases of Revenue .. .. .. .. .. .. . • xxv

8.—6

PAflB Public. Debt :— Loan-moneys required .. . . .. . . .. . . . . . . ii Gross Debt . . . . . . . . . . .. . . .. . . x Net Debt . . . . - . . . . .. . . .. . . x Loans falling due .. . . .. .. .. .. .. .. xi Public Service Superannuation Fund .. .. .. .. .. .. .. xii Public Works Fund :— ReGeipts and Expenditure for 1914-15 .. .. .. .. .. vi Loan required .. .. . . . . . . .. . . . . ■ • xxxi Railways:—■ Proposed increases .. .. . . . . . . . . . . • ■ xxvii Result of the Fear's Operations . .. . . v .. . . •. . . . v Revenue :— Estimated and actual for 1914-15 .. .. .. . ■ ■• iii Details of 1914-15 compared with 1913-14 .. .. .. .. .. iv Land Revenue . . .. . . . . .. . • . . ■. • xvi Ordinary Revenue Account .. .. .. .. . . . . xxiii Estimated for 1915-16 .. .. ".. .. .. .. . . •• xxiv Proposed increases of .. .. .. .. .. .. ■ • xxv Stamp Department: — Proposed increases .. .. .. ~ . . .. ■ . . • xxix State Advances Office .. . . . . . . ■ . . . • • xi Unemployment .. .. .. .. ... .. .. .. •• xvi Wheat and Flour .. .. .. . . . . .. ■ • . ■ ■ ■ xv

8.—6

1915. NEW ZEALAND.

FINANCIAL STATEMENT (In Committee of Supply, 26th August, 1915) BY THE RIGHT HONOURABLE SIR JOSEPH WARD, BART., P.C., K.C.M.G., MINISTER OF FINANCE.

Mr. Malcolm, — It has become my duty to lay before honourable members a Statement of the present condition of the country's finances, together with an explanation of the arrangements which were made by the Government to meet the expenditure of the Dominion during a period which may be described as the most momentous in its history. I also submit for the information of honourable members the proposals of the Government for the financial requirements of the future. Perhaps I may be permitted at the outset to remind honourable members on both sides of the House that the National Cabinet was formed for the purpose of promoting the best interests of the Dominion and the Empire, and not for the purpose of advancing the views or expressing the convictions of any particular party. When we agreed that this step was necessary in the exceptional circumstances in which we found ourselves, we all must nave recognised that for a time party controversies would have to be set aside in order that we might unite in an earnest effort to achieve the great objects we had in view. This is the spirit in which the proposals are framed, and lam sure it is the spirit in which you will consider them. I do not expect the proposals to realize all the aspirations of all the people, but if the truce between the parties is to endure there must be concessions and conciliation on both sides, and I think the wish of the country and of this House is that the National Government should endure at least till the enemies of the Empire are defeated and we again are free to deal with our domestic affairs. I wish specially to emphasize the fact that none of the proposals I am compelled to submit for additional taxation and revenue have been suggested by party considerations ; they have been framed solely with a view to the needs of the country and the welfare of the mass of the people. The Financial Statement which was delivered by my predecessor in the House on the 6th August last year was prepared and printed before the outbreak of the war, and at that date it was not possible to forecast the effects which the war was likely to produce upon our finances. Sinec then the conditions which ordinarily regulate the country's trade have been subjected to great disturbance, i—B. 6.

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II

and the result has been reflected in our Railway and Customs revenue, from both of which sources the returns for the year 1914-15 did not reach thejestimate made in last year's Budget. On the other hand, certain sources of internal revenue have shown a marked increase over the estimate, and the actual revenue for the year represents an excess of £219,186 over the previous year's figures, while the total expenditure for the year was'less than the estimate by £184,748. The result of the year's operations gives a net surplus of £72,142, which I think, under the exceptional conditions obtaining during the year, may be considered very satisfactory. The total credit balance in the Consolidated Fund at the 31st March, 1915, was £149,047 ; but to enable honourable members to accurately gauge the result of the year's operations it is necessary to deduct the balance carried forward from the previous year —£426,905, less £350,000 transferred to the Public Works Fund, or a net deduction of £76,905. The Government will have not only to face the prospect of a falling revenue, but will have also to provide for heavy additional charges on the Consolidated Fund to meet the annual interest and sinking fund in connection with the war loans, war pensions, and similar obligations. Nor must we overlook the fact that it will be necessary to provide loan-moneys with which to carry on public works and other services in the Dominion, the interest and sinking-fund charges on which will further increase our annual expenditure out of the Consolidated Fund. In view of these facts the Government would be failing in its duty if it did not this session make ample provision for raising sufficient additional revenue to enable it to meet its increased obligations, and I will explain later on how it proposes to do so. LOAN-MONEYS. With the object of placing the position regarding the recent loan transactions clearly before honourable members I will classify the requirements of the Dominion under the following headings :— (a.) Loans for war expenses ; (6.) Loans for works contracted for ; (c.) Loans for works in progress and extensions ; (d.) Loans for works other than those referred to under headings (b) and (c) ; (c.) Loans for redemption purposes. As regards our requirements for war expenses, honourable members will remember that towards the close of last session authority was granted by Parliament for the raising of the sum of £2,000,000 on Treasury bills in London. Very satisfactory arrangements were subsequently entered into with the Imperial Government for the supply of this money in monthly instalments. It was found, however, that the amount authorized was insufficient to cover the expenditure on war account until Parliament again met in session. To enable the Government to meet the heavy demands for war expenses it became necessary to raise an additional amount on the security of the reserve securities held in. London. By this means the immediate requirements of the Dominion in connection with the war have been met, and, as honourable members are aware, Parliament has this session granted authority to raise fresh moneys in London to reinstate our Reserve Fund and to enable us to carry on until the session of 1916. Up to the 31st March the war cost us, roughly, £2,750,000, including liabilities outstanding at that date, and the rate of expenditure necessarily increases in proportion to the number of men we put into the field. Moneys required under headings (b) and (c) relate chiefly to public works contracted for or in progress, and some correspondence took place with the High Commissioner as to the possibility of raising funds in the open market in London for the purposes named. The prices quoted seemed to indicate that no public-works loan could be floated except on terms whichswere not sufficiently favourable to the Dominion, and the Government accordingly determined to utilize local funds to meet present requirements. The amount of the £deposits|; in the Post Office Savings-bank has largely exceeded the amount of the withdrawals, thus providing a considerable amount of money for local needs.

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III

With respect to the heading (d) —loans for works other than those already referred to under headings (6) and (c) —the;; High Commissioner advised the Government that loans for these works would 'not* meet |with favour if placed on the London market. As, however, the amount required under this heading was small, no inconvenience resulted. With regard to heading (<?) —loans the purpose of redeeming other loans- which were maturing—l refer honourable to the Budget of last session, in which it was stated that during the period Jfrom the Ist July, 1913, to the 31st March, 1915, loans amounting to £10,129,665 would mature, and that no less than £8,727,700 would require to be redeemed by raising fresh loans. It was also mentioned that a Wm of £5,194,600 had then been borrowed, which would be sufficient to redeem loans maturing up to the end of November, 1914. By the end of November, 1914, £5,194,100 had been actually spent in redemptions, leaving a balance of £3,533,600, held outside of New Zealand, for which provision had to be made before the 31st March, 1915. This balance has been provided for as follows :—

The foregoing is a brief statement of the financial arrangements which have been made up to the present time, and it is extremely fortunate that the Government has been able to rely on resources within the Dominion for the purpose of carrying on public works during the early stages of the war. REVENUE. The revenue for the year 1914-15 was estimated at £12,488,370, and the total collections amounted to £12,443,525, or £44,845 less than the estimate. Details are as follows :■ —

Aot. Amount. How dealt with. Government Advances to Settlers Aot, 1908 New Zealand Loan Act, 1863 New Zealand State-guaranteed Advances Acts, 1909-1910 (Advances to Settlers) Balance £5,000,000 loan, 1910 £ 12,900 266,300 70,000 Renewed to 1st January, 1919, London. Redeemed out of sinking fund. Redeemed out of £3,250,000 loan from Imperial Treasury. Redeemed out of £3,250,000 loangjfrom Imperial Treasury. £34,400 redeemed out of money raised in New Zealand, and £7,400 renewed. 3,142,600 Land for Settlements Act, 1903 41,800 3,533,600

Receipts. Estimated. Actual. Difierence. More. Less. Revenue Account — Customs Stamp and Death Duties Postal and Telegraph Land-tax Income-tax Beer Duty Railways Registration and other Fees Marine Miscellaneous Territorial Revenue National-endowment Revenue £ 3,300,000 1,200,200 1,345,000 795,000 565,000 125,000 4,250,000 101,700 52,300 455,400 220,000 78,770 £ 3,167,283 1,417,207 1,353,443 799,641 540,318 127,660 4,106,675 101,020 50,387 461,498 239,623 78,770 £ £ 132,717 217,007 8,443 4,641 ■ 24,682 2,660 143,325 680 1,913 19,623 258,472 303,317 258,472 Totals 12,488,370 12,443,525 44,845

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IV

The following are the details of the revenue for 1914-15 as compared with the previous year's figures :—

Consolidated Fund Revenue for the Financial Year ended the 31st March, 1915, compared with the Previous Year.

EXPENDITURE. The expenditure for the year 1914-15 was estimated at £12,564,551 and the actual expenditure amounted to £12,379,803, or £184,748 less than the estimate. Details are as follows:—

1914-15. 1913-14. Increase. Decrease. Consolidated Fund, — Ordinary Revenue — Customs Stamp and Death Duties .. Postal and Telegraph Land-tax Income-tax Beer Duty Railways Registration and other Fees Marine Miscellaneous Territorial Revenue National-endowment Revenue £ 3,167,283 1,417,207 1,353,443 799,641 540,318 127,660 4,106,675 101,020 50,387 461,498 239,623 78,770 £ 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 £ 195,236 95,906 32,190 619 77,936 385 £ 259,461 13,953 37,431 49,179 6,368 2,650 Totals 495,250 276,064 276,064 12,443,525 12,224,339 219,186

Expenditure. Estimated. Actual. Biffei More. renee. 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 .. .. i. Military Pensions £ 24,300 3,059,069 526,318 124,500 53,500 183,270 441,369 32,000 40,000 £ 21,954 3,071,448 545,341 124,821 51,685 173,946 436,765 31,610 47,607 £ 12,379 19,023 321 £ 2,346 1,815 9,324 4,604 390 7,607 Annual Appropriations — — Legislative Departments Department of Finance Post and Telegraph Department Working Eailways Public Buildings, Domains, &c. Native Department Justice Department Mines Department Department of Internal Affairs Defence Department Customs, Marine and Harbours, &c. Department of Labour .. .. .. i Department of Lands and Survey — Department of Agriculture, Industries, and Commerce - Education Department Services not-provided for - --..- -.. — - --. -. 4,484,326 40,757 201,851 1,240,634 3,031,504 122,360 25,241 451,206 36,468 486,624 512,328 172,277 28,878 254,124 220,102 1,255,871 8,080,225 4,484,326 40,757 201,851 1,240,634 3,031,504 122,360 25,241 451,206 36,468 486,624 512,328 172,277 28,878 254,124 220,102 4,505,177 37,552 170,134 1,244,569 2,881,087 117,676 24,005 442,478 29,170 489,206 499,137 149,200 28,142 239,043 206,731 3,935 2,582 39,330 3,205 31,717 150,417 4,684 1,236 8,728 7,298 13,191 23,077 736 15,081 13,371 18,479 1,255,871 1,207,983 108,513 108,513 47,888 8,080,225 7,874,626 115,030 320,629 Totals .. .. .. 1 12,564,551 154,360 339,108 154,360 12,564,551 12,379,803 184,748

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V

The details of the expenditure for 1914-15 as compared with the previous year's figures are as follows :—

RESULT OF THE YEAR'S OPERATIONS. £ Balance brought forward, Ist April, 1914 . . . . . . 426,905 Receipts during year,— £ Revenue .. .. .. .. 12,443,525 Other receipts .. .. . . 8,420 £ 12,451,945 Expenditure during year, — Appropriations .. . . .. .. 12,379,803 Excess of receipts over expenditure .. .. . 72,142 499,047 Transfer to Public Works Fund .. .. .. .. .. 350,000 Balance, 31st March, 1915 .. .;; .. .. .. £149,047

Expenditure. Year 1914-15. Year 1913-14. - Diff< More. Diffei ■enoe. . Less. Permanent Appropriations— £ £ Civil List .. .. .. .. 21,954 I 32,071 Interest and Sinking Eund .. .. .. 3,071,448 j 2,887,981 Under Special Acts .. .. .. 545,341 545,104 Subsidies paid to Local Authorities .. .. 124,821 120,673 Territorial Revenue .. .. .. 51,685 55,584 Endowments .. .. .. .. 173,946 143,599 Old-age Pensions .. .. .. .. 436,765 394,558 Widows'Pensions .. .. .. .. 31,610 27,073 j Military Pensions .. .. .. .. 47,607 29,445 4.505.177 4-.23fi.08R £ 183,467 237 4,148 30,347 42,207 4,537 18,162 283.105 £ 10,117 3,899 4,OUO ,111 t, 200,UOO Annual Appropriations— Legislative Departments .. .. .. 37,552 43,743 Department of Finance .. .. .. 170,134 68,984 Post and Telegraph Department .. .. 1,244,569 1,170,883 Working Railways Department .. .. 2,881,087 3,004,181 Public Buildings, Domains, and Maintenance of 117,676 125,466 Roads Native Department .. .. .. 24,005 23,986 Justice Department .. .. .. 442,477 419,749 Mines Department.. .. .. .. 29,171 29,877 Department of Internal Affairs .. .. 489,207 456,982! Defence Department .. .. ..! 499,137 488,570 ; Customs, Marine, and Inspection of Machinery , 149,200 146,984 Departments Department of Labour .. .. .. 28,142 28,549 Department of Lands and Survey .. .. 239,043 253,792 Department of Agriculture, Industries, and 206,731 192,838 Commerce Education Department .. .. .. 1,207,983 1,131,756 Services not provided for .. .. .. 108,512 3,436 7,874,626 7,589,776 4,505,177 4,236,088 200 , JLUO 101,150 73,686 19 22,728 32,225 10,567 2,216 13,893 76,227 105,076 437,787 283,105 14,016 37,552 170,134 1,244,569 2,881,087 117,676 43,743 68,984 1,170,883 3,004,181 125,466 6,191 101,150 73,686 123,094 7,790 24,005 442,477 29,171 489,207 499,137 149,200 23,986 419,749 29,877 456,982 488,570 "146,984 19 22,728 32,225 10,567 2,216 706 28,142 239,043 206,731 28,549 253,792 192,838 407 14,749 13,893 1,207,983 108,512 1,131,756 3,436 76,227 105,076 7,874,626 7,589,776 437,787 152,937 Totals .. .. .. 12,379,803 11,825,864 720,892 166,953 553,939 720,892 166,953 166,953 12,379,803 11,825,864 553,939

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VI

PUBLIC WORKS FUND. The following is a statement of the receipts and expenditure of the Public Works Fund for year 1914-15 : — £ Balance from last year .. .. .. .. .. 1,178,584 Receipts,— Loan-money— £ Aid to Public Works and Land Settlement Act, 1913 217,778 Aid to Public Works and Land Settlement Act, 1914 1,525,000 Premium on sale of stock .. .. .. .. 8,750 Transfer from revenue .. " .. .. . . 350,000 Other receipts .. .. .. .. .. 9,126 2,110,654 3,289,238 Expenditure,— Under appropriations .. .. .. .. 2,557,295 Debentures redeemed .. .. .. .. 11,800 Other expenditure .. .. .. .. 24,381 2,593,476 Balance at 31st March, 1915 .. .. .. .. .. *695,762 Balance loan-money to receive .. .. .. .. 1,475,000 Amount available with which to start the current year .. .. £2,170,762 * Note.—The balance on 31st March is made up as follows : — £ Cash in Public Account .. .. .. .. .. .. .. 596,101 Imprests in hands of officers of Government .. .. .. .. .. 99,661. £695,762 The following statement indicates the financial position of the Dominion on the 31st March, 1915, as compared with the 31st March, 1914:— [Note. —The term "liabilities" in these tables includes expenditure on public works for which contracts had been signed or material ordered on the 31st March, 1915.] CONSOLIDATED FUND. £ Balance on 31st March, 1914 .. .. .. .. . . 426,905 Liabilities on 31st March 1914 .. .. .. . . . . 285,141 Balance on 31st March, 1915 .. .. . . . . . . 149,047 Liabilities on 31st March, 1915 .. . . .. . . . . 336,696 STATE FORESTS ACCOUNT. £ Balance on 31st March, 1914 .. .. .. .. .. 3,856 Liabilities on 31st March, 1914 .. .. .. .. .. 184 Balance on 31st March, 1915 .. .. .. .. . . 3,910 Liabilities on 31st March, 1915 .. .. .. .. .. 287 STATE COAL-MINES ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 31,217 Unexhausted authority for raising loan .. .. 25,000 56,217 Liabilities on 31st March, 1914 .. .. .. .. 2,045 Balance on 31st March, 1915 .. .. .. .. 25,636 Unexhausted authority for raising loan .. .. 25,000 50,636 Liabilities on 31st March, 1915 .. .. . . .. Nil.

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VII

SCENERY PRESERVATION ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 1,428 Unexhausted authority for raising loan .. .. 26,000 27,428 Liabilities on 31st March, 1914 .. .. .. .. Nil. Balance on 31st March, 1915 .. .. .. .. 3,603 Unexhausted authority for raising loan .. .. 16,000 19,603 Liabilities on 31st March, 1915 .. .. .. .. 131 PUBLIC WORKS FUND. £ £ Balance on 31st March, 1914 .. .. .. .. 1,178,584 Loan-money to receive .. .. .. .. 227,628 1,406,212 Liabilities on 31st March, 1914 .. .. .. .. 992,098 Balance on 31st March, 1915 .. .. .. .. 695,762 Loan-money to receive .. .. .. .. 1,475,000 2,170,762 Liabilities on 31st March, 1915 .. .. .. .. 1,094,961 * WELLINGTON-HUTT RAILWAY AND ROAD IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 359 Unexhausted authority for raising loan .. .. 3,320 3,679 Liabilities on 31st March, 1914 .. .. .. .. 3,679 Balance on 31st March, 1915 .. .. .. .. 1,791 Unexhausted authority for raising loan .. .. 3,320 5,111 Liabilities on 31st March, 1915 .. .. .. .. 200 RAILWAYS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1914.. .. .. .. 5,530 Unexhausted authority for raising loan .. .. 60,470 66,000 Liabilities on 31st March, 1914 .. .. .. .. 63,669 Balance on 31st March, 1915 .. .. .. .. 5,257 Unexhausted authority for raising loan .. .. 55,470 60,727 Liabilities on 31st March, 1915 .. .. .. .. Nil. WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 85,287 Unexhausted authority for raising loan . . .. 50,000 135,287 Liabilities on 31st March, 1914 .. .. .. .. 8,216 Balance on 31st March, 1915 .. . . .. .. 73,559 Unexhausted authority for raising loan . . .. .. 50,000 123,559 Liabilities on 31st March, 1915 .. .. .. ~ 4,558

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VIII

THE AID TO WATER-POWER WORKS ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 37,163 Unexhausted authority for raising loan .. .. 285,000 322,163 Liabilities on 31st March, 1914 .. .. .. .. 34,964 Balance on 31st March, 1915 .. .. .. .. 2,871 Unexhausted authority for raising loan .. .. 245,000 247,871 Liabilities on 31st March, 1915 .. .. .. .. 12,919 IRRIGATION AND WATER-SUPPLY ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 1,709 Unexhausted authority for raising loan .. .. 65,000 — 66,709 Liabilities on 31st March, 1914 .. .. .. .. 200 Balance on 31st March, 1915 .. .. .. .. 4,720 Unexhausted authority for raising loan .. .. 29,900 34,620 Liabilities on 31st March, 1915 .. .. .. .. 6,740 LAND FOR SETTLEMENTS ACCOUNT. * £ £ 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 Balance on 31st March, 1915 .. .. .. .. 34,079 Unexhausted authority for raising loan .. .. .. 467,300 501,379 Liabilities on 31st March, 1915 .. .. .. .. 3,452 NATIVE LAND SETTLEMENT ACCOUNT. £ £ 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 Balance on 31st March, 1915 .. .. .. .. 15,297 Unexhausted authority for raising loan.. .. .. 400,000 415,297 Liabilities on 31st March, 1915 .. .. .. .. 1,294 LAND FOR SETTLEMENTS ACCOUNT. (Opening up Ceown Lands for Settlement.) £ £ Balance on 31st March, 1914 .. . . . . . . 45,285 Unexhausted authority for raising loan . . . . . . 1,874 47,159 Liabilities on 31st March, 1914 .. .. .. .. 13,566 Balance on 31st March, 1915 .. .. .. 16,189 Unexhausted authority for raising loan. . . . 49,000 65,189 Liabilities on 31st March, 1915 .. .. .. .. 14,362

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IX

HAURAKI PLAINS SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 4,445 Unexhausted authority for raising loan.. .. .. 50,000 54,445 Liabilities on 31st March, 1914 .. .. .. .. .. 46 Balance on 31st March, 1915 .. .. .. .. 4,266 Unexhausted authority for raising loan .. .. .. 41,000 45,266 Liabilities on 31st March, 1915 .. .. .. .. 165 RANGITAIKI LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1914 .. .. .. .. 1,836 Unexhausted authority for raising loan .. .. .. 5,000 6,836 Liabilities on 31st March, 1914 .. .. .. .. 344 Balance on 31st March, 1915 .. .. .. .. 3,031 Unexhausted authority for raising loan .. .. .. 38,000 41,031 Liabilities on 31st March, 1915 .. .. .. .. 118 STATE ADVANCES ACCOUNT. £ £ 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 Balance on 31st March, 1915 .. .. .. .. 1,062,959 Loan-money to receive .. .. .. .. 773,200 Unexhausted authority for raising loan .. .. .. 2,426,800 4,262,959 Liabilities and commitments on 31st March, 1915 .. .. 682,753 WAR EXPENSES ACCOUNT. £ Balance on 31st March, 1915 .. .. .. .. .. 287,302 Liabilities on 31st March, 1915 .. .. .. .. 596,710 MINING ADVANCES ACCOUNT. £ £ Balance on 31st March, 1915 .. .. .. .. 436 Unexhausted authority for raising loan .. .. 12,000 12,436 Liabilities on 31st March, 1915 .. .. .. .. Nil. KAURI-GUM INDUSTRY ACCOUNT. £ £ Balance on 31st March, 1915 .. .. .. .. 9,007 Unexhausted authority for raising loan.. .. .. 36,000 45,007 Liabilities on 31st March, 1915 .. .. .. .. 188 FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. £ £ Balance on 31st March, 1915 .. .. .. .. 1,500 Unexhausted authority for raising loan .. .. 13,500 15,000 Liabilities on 31st March, 1915 .. .. .. .. Nil

ii—B. 6.

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X

THE PUBLIC DEBT. The gross public debt at the end of the financial year amounted to £100,059,910, and the net debt to £96,644,455. The following table shows the purposes for which the various amounts were borrowed : — £ Maori war .. .. .. .. .. 2,357,000 Defence .. .. 3,670,552 War expenditure, 1914-15 .. 2,000,000 Public works .. .. .. .. .. 51,213,693 (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 .. .. .. .. 9,355,315 Advances to workers .. .. .. .. 2,507,763 Advances to local authorities .. .. .. 2,775,528 Land for settlements .. .. .. .. 7,317,314 Native-land settlement .. .. .. .. 1,033,331 Guaranteed mining advances .. .. .. 23,000 Fruit-preserving industry .. .. .. 11,500 Kauri-gum industry .. .. .. .. 14,000 Hauraki Plains settlement . . .. .. 109,000 Opening up Crown lands .. .. .. . . 302,911 Rangitaiki land drainage .. .. .. .. 62,000 Bank of New Zealand shares .. .. .. 875,000 New Zealand Consols .. .. .. .. 475,991 Purchase of Native lands .. .. .. 2,715,217 State coal-mines .. .. .. .. 227,601 Loans to local bodies .. .. .. .. 3,507,000 Reserve Fund securities .. .. .. . . 800,000 Scenery-preservation .. .. .. .. 84,000 Deficiencies in revenue, charges and expenses of raising loans, increase by conversion, provincial liabilities, and miscellaneous . . .. .. 8,622,194 £100,059,910 The net debt amounted to £96,644,455, arrived at as follows : — £ Gross debt of the Dominion .. .. .. . . . . 100,059,910 Less sinking funds — £ Government Loans to Local Bodies Acts .. . . 799,601 Naval Defence Act, 1909 .. .. .. 256,471 State Advances loans .. .. .. .. 646,760 Land for settlements .. .. .. .. 584,800 Native-land settlement .. .. .. 11,977 Guaranteed mining advances .. .. .. 417 Section 26 (5) (b), 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 .. .. 653,116 War and Defence loans.. ..' .. .. 192,691 Canterbury Loan Ordinance, 1862 .. .. 23,150 New Zealand Loan Act, 1863 .. .. .. 2,575 3,178,055 96,881,855 Less redemption-money twice included .. .. ... 237,400 Net debt, 31st March, 1915 .. .. •.. .. .. £96,644,455

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XI

Loans palling due. The loans falling due during the seven years ending with the year 1922 are as follows: —

The particulars of the £6,274,953 falling due in London during the current year are as follows : —

I anticipate no great difficulty in arranging for the renewal of these maturing loans. STATE ADVANCES OFFICE The Government found it necessary to restrict the lending operations of this office during the war, and the Board has from time to time varied the limits of its advances so as to suit the circumstances of its finances. Taking the Local Authorities Branch for instance, on the 7th April, 1914, the limit was fixed by the Board at £10,000, then in May following the limit was increased to £15,000, and on the 15th June, 1914, it was decided, owing to the generally improved condition of the outlook, to remove all restrictions and lend up to the full limits allowed by the Act. On the outbreak of the war the Board passed a resolution to make no advances, but on the 27th October, 1914, it was decided to lend up to £1,000, and on the 14th December it increased the limit to £2,000, and since then the limit has been further increased to £5,000, at which figure it now stands.

Year ending 31st March. London. Australia. I New Zealand. Total. 1916 1917 1918 1919 1920 1921 1922 £ 6,274,953 222,200 40,700 147,250 42,800 3,000 11,000 £ 127,550 1,087,800 84,400 60,000 29,400 550,300 934,400 £ 3,503,971 575,240 3,281,456 1,604,665 3,753,245 894,700 1,092,050 £ 9,906,474 1,885,240 3,406,556 1,811,915 3,825,445 1,448,000 2,037,450 6,741,903 2,873,850 14,705,327 24,321,080

Date. Authority. Bate. 1915. April 1 Aug. 1 1916. Jan. 1 „ 1 1 Feb. 1 Mar. 1 „ 1 Finance Act, 1909 Land for Settlements Act, 1908 Aid to Public Works and Land Settlement Act, 1903 ... Land for Settlements Act, 1908 Land for Settlements Act, 1908 Aid to Public Works and Land Settlement Act, 1914 ... 1 Government Advances to Settlers Act, 1908 ... Wellington and Manawatu Eailway Purchasing Act, 1908 Imperial Treasury Imperial Treasury 3-i- per cent. 4~ 4 3| „ 4 4 4 4 £ 237,400600 2,700 7,700 500 5,000 100,000 500,000 „ 31 Various si 3| „ 3,421,053t 2,000,000]; 6,274,953 • Redee iot convert) treasury bii omed out of Imperial Treasury loan. f For redemption nf the ,ed, amounting to £3,142,600, and £107,400 raised for land-settlemen 11s. The rate of interest is subject to variation in respect to portion portion of £3,000,1 100 loan whioh was { War expenses purposes. )f these loans.

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In the Settlers and Workers Branches the limits have similarly been varied from time to time, and the limit in the case of settlers' applications now stands at £1,000, while in the case of the Workers Branch the Board is lending up to the full amount allowed by the law. In the Settlers Branch we are now lending money for the repayment of existing mortgages not exceeding £450, and we are also lending under this Branch up to £450 for the purpose of building homes in urban districts. . The following table will show the total amount advanced and the total commitments for the year ending the 31st March, 1915: — Amounts of Advances paid over during Year ended 31st March, 1915. £ Advances to Settlers .. .. .. .. 1,136,475 Advances to Workers .. .. .. .. 313,025 Advances to Local Authorities .. .. .. 336,295 £1,785,795 Commitments as at 31st March,. 1915. £ Advances to Settlers .. .. .. .. 267,157 Advances to Workers .. .. .. .. 79,640 Advances to Local Authorities .. .. .. 335,625 £682,422 PUBLIC SEKVICE SUPERANNUATION FUND. The Government Actuary has completed the second triennial investigation of the fund under section 48 of the Act, and in his report, which will be presented to Parliament before the close of the session, he estimates that the Government contribution to the fund for the current and succeeding two years will amount to £66,000, being £18,000 more than last year's payment. The Government has decided to pay, until the date of their return, the contributions of all public officers who are absent with our Expeditionary Forces. NATIONAL PROVIDENT FUND. The Act was amended after the outbreak of war in order to provide for the reduction of one-half the contributions of members of the fund while on active service with the Expeditionary Forces. FRIENDLY SOCIETIES. A considerable number of friendly-society members have enlisted in the Expeditionary Forces. In order to enable societies to deal liberally with these members while absent on service, a short amending Act was passed last session granting these societies, when registering new rules, exemption from certain financial restrictions provided in the main Act. The Government also decided to assist the societies by offering to pay half-cost of reinsuring the funeral benefits of their members on active service, and a vote providing for this appears in the estimates. CUSTOMS. The estimated Customs revenue for the financial year ended the 31st March, 1915, was £3,300,000. This would doubtless have been realized but for the outbreak of the war, as the returns received up to the end of August exceeded the

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estimate to that date by £41,000. After August, however, a consistent decline in revenue took place, and the total for the veer was £3,167,283, or £132,717 short of the estimate. This condition of affairs was only to be expected, as the war cut off all trade with Germany, Austria, and Turkey, and reduced very greatly the trade with other European countries. The shortage and risk of transport, high freights and insurance, and difficulty in getting orders promptly fulfilled also, no doubt, have been contributing factors to the restriction of importation. This restriction is likely to continue until the war is concluded, and although there appears to be a tendency to go to new markets for some classes of goods—the United States and Japan, for example —this can only operate to a limited extent, as the great bulk of our imports comes from the United Kingdom. A comparison of the revenue received during the months of January, February, March, April, and May of 1915 with the same months of 1914 makes it apparent that we must be prepared to face very much reduced receipts for the current financial year. During the five months mentioned the amount realized is £275,559 less than for the same period of last year. The comparative figures showing values of imports and exports for the calendar years 1913 and 1914 are as follows :■ — 1913. 1914. £ £ Imports .. .. ..22,288,302 21,856,096 Exports .. .. ..22,986,722 26,261,447 The exports for the financial years 1913-14 and 1914-15 were as follows :— 1913-14. 1914-15. £ £ Exports .. .. .. 23,471,131 27,476,823 This great increase in our exports is due to the exceptional prices obtained and to the larger quantities of goods exported. The figures are the highest ever recorded. In spite of the preferential tariff in favour of British goods the trade with Germany and other foreign countries in Europe previous to the war, had assumed considerable proportions, the principal items of import being pianos, fancy goods and toys, chemicals, dyes, lamps, glassware, chinaware, enamelled ware, cheap hardware, and agricultural manures, the total values imported being— £ Germany .. .. .. .. .. 687,935 Austria' . . .. .. .. . . . . 17,863 Turkey .. .. .. .. .. .. 7,927 Asia Minor .. .. .. .. .. 17,215 as compared with — £ Great Britain .. .. .. .'. 13,312,193 Immediately upon the outbreak of war with Germany and Austria, and Turkey trade withjthose countries was totally prohibited, and it became an offence against the law for any person to enter into any new commercial, financial, or other contract with the enemy. Precautions were also taken to safeguard British interests by the prohibition of exportation, either directly or indirectly, to enemy countries of goods which might be used as either foodstuffs or munitions of war, or as material for the manufacture of military clothing, boots, or equipment. The Government was compelled to go further than this, in the general interests of the community, and to take the control of the exportation of foodstuffs and forage which were likely to be sent away in excess on account of the high prices ruling abroad. Wheat, flour, oats, chaff, bran, oatmeal, and butter can now be exported only with the consent of the Government when the reasons are of an urgent nature and when there is a margin over the supplies needed for home consumption. With regard to the export of butter, which has been the subject of a good deal of comment and discussion, it may be stated that a number of dairy factories in the northern districts are com-

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mencing operations this month, and shortly there should be sufficient butter produced for consumption in the Dominion and for export. If it should be necessary to take any steps to regulate supplies and prices they will be considered later on. The New Zealand Government has done its best to assist the Commonwealth of Australia with supplies of foodstuffs, but with the present harvest and dairying prospects it may be impossible to go much further in this direction. Through the agency of the censor it was discovered that attempts were being made by the enemy to keep up a trade with this country through neutral countries, and consequently steps were taken by the Government to prevent this by requiring that all goods imported from Norway, Sweden, Denmark, Holland, Switzerland, and Italy should be supported by a certificate of origin signed by the British Consular Officer for these countries vouching for their place of production. Since then Italy has joined the Allies in the field, and thus has given the best assurance that her ports will not be used by the enemy to our disadvantage. Arrangements were made with the Imperial Government to obtain the assistance of their Consular Officers in carrying out the issue of these certificates. INSULATED TONNAGE.—IMPERIAL GOVERNMENT FROZEN-MEAT SUPPLY. The shortage of insulated tonnage for the conveyance of frozen meat and dairyproduce to the London market has been a matter of grave concern to the Government during the year. It arose largely through the withdrawal of a number of steamers regularly employed in the New Zealand trade for the transportation of the Expeditionary Forces, and the position was aggravated by other vessels engaged regularly in the trade being taken in Great Britain and Australia for military purposes. Moreover, the drought which was experienced in parts of the North Island early in the season, and later on in the South Island, rendered it necessary, if values were to be maintained, that farmers should immediately send their stock to the freezing-works. Further, delays in the discharge of vessels, due to the serious congestion of shipping at the London docks, the loss of the steamers " Kaipara " and " Tokomaru," and the inability of shipbuilding contractors in England to complete a number of vessels ordersd for the New|Zealand trade and due for delivery early in the current year, have all tended to accentuate the difficulties. The Government has been in the closest touch with the representatives in New Zealand of the various shipping interests, and has been in negotiation with the Secretary of State for the Colonies through His Excellency the Governor with a view to mitigating the trouble. It also has been in communication by cable with the High Commissioner, and has made representations to the Government of the Commonwealth of Australia with the object of securing tonnage from Australia. As a result of these efforts the Government was able to arrange for the return of three steamers from Egypt, the despatch of two steamers in ballast from Great Britain, and the diversion of two steamers from Australia. The expense incurred in connection with the return of the two steamers from Great Britain is being borne by the Imperial Government. In February last the Imperial Government requisitioned the whole of the beef, mutton, and lamb available for export from the Dominion. A scheme for giving effect to the requisition was submitted to a conference of representatives of freezing companies, the Board of Agriculture, producers, and other interested parties, and approved by them. It was accepted by the Imperial Government and brought into operation at the beginning of March, a special branch of the Public Service, known as the Imperial Government Meat-supply Branch, being established for the purpose of handling the business. The meat then in store amounted to 1,383,627 60 lb. carcases. The initial shipment went forward by the s.s. " Ruahine "on the 12th March. The total shipments on behalf of the Imperial Government up to the 31st July were 151,367 quarters beef, 1,296,995 carcases mutton, and 1,747,596 carcases lamb. The total payments to freezing companies and producers up to that time amounted to £3,022,344.

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The purchases under the scheme are made by the New Zealand Government on behalf of the Imperial Government, and the 'funds are requisitioned from London as required. Early in March the Imperial Government entered into an agreement with the various shipping interests with the view of requisitioning the insulated space of all steamers in the Australian and New Zealand trade. This provided for the etabiishment in London, Australia, and New Zealand of committees of representatives of the overseas shipping companies to control the tonnage-supply. The Imperial Meat-supply Branch, in addition to attending to all matters connected with the purchase of meat on behalf of His Majesty's Government, has from time to time supplied the Overseas Shipowners' Committee with valuable statistical information, which has much facilitated the allotment of space. During the period Ist October, 1914, to 31st March, 1915, forty insulated steamers left the Dominion, carrying the equivalent of 2,669,281 freight carcases, as against 2,404,189 freight carcases during the corresponding period of the previous season. WHEAT AND FLOUR. The statistics available of the production of wheat over a series of years, and the absence of reliable information respecting the " carry over " from one harvest to another, made it impossible to say definitely whether the wheat obtained from the harvest of 1914 and held in the Dominion immediately subsequent to the outbreak of hostilities in Europe would be sufficient to meet the requirements of the community until the harvest of 1915 was gathered. For this reason the Government purchased in New South Wales some 45,000 bushels of wheat on favourable terms. To determine the exact position a special census of the wheat held by farmers, millers, merchants, and others was taken on the 18th November last, and disclosed the fact that the stocks of wheat on hand at that date, even if distributed in the most favourable manner possible throughout the whole of the Dominion, would be exhausted in from three to six weeks before the new harvest of wheat would be available. With a view of relieving the position the export of wheat and flour was prohibited, and the import duty on flour remitted, while the consent of the Commonwealth Government was obtained to the exportation of flour purchased by New Zealand merchants prior to the date of the Proclamation prohibiting its export from Australia. Negotiations were opened through His Excellency the Governor with His Excellency the Viceroy of India with a view to securing a supply of Indian wheat, but the expert advice obtained showed that suitable machinery for dealing with wheat of this character was not available in New Zealand, and the negotiations were abandoned. Arrangements were made for the importation of supplies of Canadian and Australian wheat totalling 505,800 bushels, 405,800 bushels having been purchased through the kind offices of the Canadian Government and 100,000 bushels from New South Wales. Had the latter parcel not been imported the position on the 31st January would have been most serious, as on that date only some 32,238 bushels of the 1914 season's wheat remained on hand. The conditions of the purchase of 100,000 bushels [from New South Wales require that an equivalent quantity shall be returned on demand. The allocation of the wheat imported was dealt with by a committee specially appointed for the purpose. In addition to meeting the shortage, the importations were of special value in enabling the new season's wheat as it came into store being utilized for milling purposes to better advantage. To afford relief to bakers and others, and more particularly those situated outside of the principal grain-growing districts, 810 tons of flour were purchased and distributed. Returns of the area of wheat under cultivation, and the estimates received of the probable yield, indicated that a further shortage was likely to result during the present year, and an option over 1,000,000 bushels of Canadian wheat was obtained. Further, steps were taken to obtain accurate information as to the wheat-yield of the 1915 harvest by securing monthly returns from threshing-mill owners. These returns show that the yield amounts to 6,250,000 bushels (approximately), which will be insufficient to provide all requirements until the harvest of 1916 is available.

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EXPORT OF GOLD. Owing to the outbreak of hostilities it was deemed necessary to protect the gold-output, and the Banking Amendment Act, 1914, was passed, prohibiting the export of gold unless with the consent of the Minister of Finance. During the year, however, 227,954 ounces of gold, valued at £895,367, and 599,162 ounces of silver, valued at £62,085, were exported. Shortly after the outbreak of the war the Government was asked to purchase gold on behalf of the Bank of England, and a very considerable amount has been so purchased. COAL-MINING INDUSTRY. The coal-mining industry is steadily improving, the output of 2,275,593 tons for the year being the highest ever recorded, and an increase of 387,588 tons over the output for 1913. UNEMPLOYMENT. It was generally predicted at the commencement of the war that there would be considerable distress due to unemployment, and steps were taken, by the formation of unemployment committees in the various centres of the Dominion, to cope with the difficulty. After the lapse of two months, however, what promised to be a period of depression developed into one of increased activity, and there has been little difficulty in providing employment for applicants. WORKERS' DWELLINGS. The erection of some 205 dwellings, referred to in last year's Financial Statement, was duly proceeded with, and 471 dwellings are now provided throughout the Dominion in twenty-one towns or localities. LAND REVENUE. During the year the gross land revenue received from all sources amounted to £1,163,127. Of this sum, £448,130 was received from ordinary Crown lands, £436,387 from land-for-settlement holdings, £13,652 from the Cheviot Estate, £108,574 from national-endowment lands, £79,102 from primary and secondary educational endowments, £35,207 from other endowments, and £42,075 from other sources. A sum of £16,036 is at present outstanding under the heading|of " Postponements of rent," granted in accordance with section 13 of the Land Laws Amendment Act, 1912, settlers finding the provisions of the Act helpful to tide[over a period of financial strain. The ordinary arrears of rent owing to the Crown at the 31st March, 1915, amounted to £25,671, as against £23,218 owing on the 31st March, 1914; but, in view of the conditions following upon the declaration of war, the position can be regarded as very satisfactory. SETTLEMENT OF CROWN LANDS. During the past financial year an area of 1,202,260 acres was offered for public application under the following tenures :— For application for cash, for occupation with,sright of Acres. purchase, or for renewable lease (optional system) .. 145,465 For selection on renewable lease only .. .. 80,666 Small grazing-runs .. .. .. .. 30,935 Pastoral runs .. .. .. .. .. 894,221 . Town and suburban lands for cash and other areas for lease by auction and application .. .. .. 13,558 Educational endowments .. .. ~ ~ 37,415

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There is a keen demand for suitable holdings in settled districts, which is being met by the acquisition and subdivision of estates. Crown land remaining for future disposal and situated in the more isolated districts is, wherever possible, being surveyed and offered for selection, and the selectors are given every assistance and encouragement during the first few years of backblock settlement. Owing to the development of the fruit industry in New Zealand a demand has arisen for land for fruit-farms, a matter which is kept in view by the Lands and Survey Department when subdividing new blocks for settlement. Applications by lessees for the purchase of the freehold of their holdings under the Land Laws Amendment Acts are numerous, and during the past year 494 settlers, occupying 93,547 acres, converted from leasehold to freehold, paying a sum of £174,412. In addition, 423 selectors still hold, under deferred-payment license, an area of 84,762 acres, which they are purchasing on this system. The annual instalments amount to £11,344. Swamp-land Reclamation. During the past year the development of swamp lands in the Hauraki and Rangitaiki Plains has been actively prosecuted, special legislation having been passed in both instances to authorize increased expenditure. These areas are now becoming reproductive, and will in the future make a vast addition to the products of the Dominion. The reclamation of the Waihi Swamp is also in hand, so that altogether the operations of the Department cover some 190,000 acres. As a result of the successful operations, the Chief Drainage Engineer's services have been much in demand throughout the Dominion, advising as to the practicability of similar projects. Kauri-gum Lands. The area recommended by the Kauri-gum Lands Commission out of the kauri-gum reserves —viz., 71,000 acres—has now been withdrawn from reservation, and steps are being taken to subdivide and place this land on the market at the earliest possible date. The subdivision of an area of about 30,700 acres is now nearing completion. The passing of the ] Kauri-gum [Industry Amendment Act, 1914, has been beneficial to the kauri-gum industry, and has afforded a much-needed relief during the crisis following on the declaration of war. A report giving full details of operations since the Act was passed will be laid before Parliament. LAND FOR SETTLEMENTS. Owing to the unsettled condition of affairs abroad the operations during the latter part of the past year were somewhat restricted. The area dealt with was 50,211 acres, valued at £356,686. It was offered in fairly small areas and eagerly competed for. The keen demand is no doubt partly due to the high prices ruling for all products. COOK ISLANDS. The principal work of development of the Islands during the year was the establishment of a system of similar to that of the Native schools in New Zealand. Two schools have been opened{ at' Rarotonga and one at the Island of Aitutaki. Buildings suitable for jjpresent requirements have been secured in which to conduct the schools, and houses have been provided for thejj teachers. A most satisfactory feature in connection with the introduction of the system is the enthusiasm with which it has been received by the Natives, who are fully alive to its benefits. A large number of children has been enrolled, and the ;attendance is being well maintained. The fruit industry continues to receive careful attention, and the experimental nursery is already proving of considerable value. LAND AND INCOME TAX DEPARTMENT. The net receipts for the past year in this Department amounted to £1,339,959, made-up of—Land-tax, £799,641 ; income-tax, £540,318 ; and, compared with the figures of last year, show an increase of £18,237.

iii—B. 6.

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Land-tax. The land-tax receipts for the financial year 1914-15 exceeded the estimate by £4,641, and, compared with those for 1913-14, are as follow :— £ Receipts, 1914-15.. .. .. •■ ..799,641 Receipts, 1913-14.. .. .. .. •• 767,451 An increase of .. .. •• £32,190 The following figures show the increases in the net assessed taxable value of land and mortgages, the yield of land-tax, and the number of taxpayers, as compared with last year:— Taxable Value. Yield. Tuyere. £ £ 1914-15 .. .. 149,683,776 799,640 44,270 1913-14 .. .. 140,448,406. 767,451 40,889 Increases .. £9,235,370 £32,189 3,381 Graduated Land-tax. The comparison between the number of payers of graduated land-tax and the amounts assessed for 1913-14 and 1914-15 is as follows: — Amount Number of assessed. Taxpayers. £ 1914-15 .. .. .. .. 87,279,699 6,738 1913-14 .. .. .. .. 84,185,276 6,148 Increases .'. .. £3,094,423 590 Income-tax. The receipts for 1914-15 as compared with 1913-14 are as follows:— £ 1914-15 .. .. .. .. .. .. 540,318 1913-14 .. .. .. .. .. .. 554.271 A decrease of.. .. .. .. £13,953 This decrease can be set down to two causes, the chief one being the strike, which materially disorganized the commercial industries of the Dominion, while the additional exemption granted in respect of children under the age of sixteen years is the other and lesser cause. The following figures show a comparison of the net assessed income, the yield of income-tax, and the number of taxpayers for the past two years :— Net Assessed Net Assessed Number Income including Income without Tax. of Exemptions. Exemptions. Taxpayers. £ £ £ 1913-14 .. 14,430,779 10,349,179 554,271 14,277 1914-15 .. 13,850,261 9,959,701 540,318 13,967 Decrease £580,518 £389,478 £13,953 310 POST AND TELEGRAPH DEPARTMENT. The Post and Telegraph Department has closed another year with excellent results. The revenue received during the year amounted to £1,353,443, exceeding that of the previous year by £95,906. The Savings-bank deposits reached a total of £11,904,323, and the withdrawals £10,603,018, while the amount standing to the credit of depositors was £19,048,029 —an increase of £1,916,615. 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 over £4,090,000.

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The telephone-exchange business develops rapidly. The expansion of this business and its extension to the remoter country districts have involved an expenditure of £288,395 out of the appropriation for telegraph - extension. The receipts from exchanges amounted to £303,856. Full details will be found in the annual report of the Department. PENSIONS. The gross amount paid by way of pensions during the year ended the 31st March was as follows : £ Old-age pensions .. .. .. .. 460,854 Widows'pensions .. .. .. .. 31,617 Military pensions .. .. .. .. 47,610 £540,081 These figures represent an increase in round numbers of £99,000 over the figures of two years ago and an increase over the amount paid during the year ended the 31st March, 1914, of £66,000. The cost of the system per head of the European population is 9s. 9d. The pensioners on the roll at the close of the year numbered 22,528, as follows : Old-age, 19,352; widows', 1,788; and military, 1,388; representing increases respectively on the figures of the previous year of—Old-age, 1,302 ; widows', 248 ; and military, 148. The old-age pensioners include 2,150 females of the ages of sixty to sixty-four years, inclusive. The ratio of old-age pensioners of the age of sixty-five and upwards to the total population of that age is now 33 per cent., whereas in recent years it has practically remained stationary at 32 per cent. The ratio of female pensioners aged sixty to sixty-four to the total female population of these ages is 16 per cent. The short amendment of last year providing a pension of £6 per annum for every widow's child under fourteen years of age increased the appropriations by £1,500. DEFENCE. A perusal of the annual Defence Report will show that the training of the Territorial|Foice and Cadets has been satisfactorily carried out concurrently with the raising, training, equipping, and despatch of the Expeditionary Force and its Reinforcements. It is a matter for congratulation that when the war commenced our system of universal training was in a sufficiently forward state to enable us to raise, train, and equip the Expeditionary Force on a sound basis and with the minimum amount of confusion. The coast-defence troops and units which were mobilized for home defence were quickly at their stations when the war broke out, and most efficiently manned the forts and other important positions, thus affording another tribute to our universal system of training. Annual Training-camps. The attendance at the annual training-camps of the Territorial Force throughout the Dominion has been excellent. The discipline and training have been exceptionally good, despite the fact that in many units equipment was necessarily short, owing to the demands of the Expeditionary Force. The success of these camps is noteworthy, owing to the absence of many of the Territorial officers and N.C.O.s with the Expeditionary Force. Defence Expenditure. The expenditure out of revenue on account of defence amounted to £499,137, or £13,191 less than the estimated requirements. The civil administrative side of the Defence Department is steadily being reorganized on the lines advocated by the Inspector-General of the Oversea Forces during his visit to the Dominion in 1914. The annual appropriation for defence is being kept separate from the War Expenses Account. Expenses and Casualty Branch has been organized to deal with the to the war.

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Rifle Clubs. There has been a considerable increase in membership of the Rifle Clubs. On account of the war the usual concessions regarding arms and ammunition have necessarily been curtailed. This, to their credit, has been cheerfully accepted by the clubs. Senior Cadets. This most important branch of the Defence scheme is in a very satisfactory state, although inconvenience is occasioned to a certain extent by the shortage of officers and instructors whose services are, during the war, required elsewhere. Permanent Staff. It was found necessary to send away with the Expeditionary Force and reinforcements a considerable number of the officers who were on loan to New Zealand, also New Zealand Staff £ Corps officers and permanent noncommissioned officers. Their duties are being carried on by officers and N.C.O.s of the Territorial Force temporarily appointed. These officers are proving very efficient—another evidence of the value of the Defence scheme. The Government recognizes the valuable services of those members of the permanent staff who have been retained at their posts much against their will. It is obvious, however, that the Government could not allow all the members of the permanent staff to leave New Zealand for service at the seat of war. STATEMENT OF WAR EXPENDITURE. During the year the war expenditure brought to account amounted to £2,171,835, while the liabilities at that date were estimated at £596,710 in addition. The following are the particulars:— £ s. d. Advertising, printing, office equipment, &c. .. . . .. 4,219 5 5 Canteens .. .. .. .. .. .. .. 16,097 8 8 Clerical assistance .. .. . . .. . . .. 4,371 4 2 Camps, recruiting and expenses of .. .. .. .. 116,964 8 9 Equipment, including purchase of boots, clothing, G.S. wagons, ammunition-carts, &c. . . .. .. . . .. 274,080 2 5 Forage .. .. .. .. .. .. .. 46,596 8 7 Home defence, forts, harbour patrols, examination of steamers, guarding cables, wireless stations, railway pickets, censors .. 116,945 10 8 Mechanical transport, including motor-cars, bicycles, oil for motors, &c. .. .. .. .. .. .. 6,325 4 5 Pay and allowances .. .. . . . . . . 490,845 10 4 Postage, telegrams, &c. .. .. .. .. .. 2,531 14 7 Medical equipment, including hospital sleeping-suits, field hospitals and ambulances, surgical instruments, comforts, &c. .. 17,741 0 6 Purchase of horses and expenses incidental thereto .. .. 105,692 11 5 Prisoners of war .. .. .. .. .. .. 10,808 18 5 Rations .. .. .. .. .. .. .. 134,959|10 6 Transport of troops, including charter of steamers, meals, and fares of men travelling to join, freight, cartage, &c. .. .. 797,138 8 10 Travelling allowances and expenses .. .. .. .. 2,122 1 2 Administrative Samoa —sundry expenses, which may be recoverable from Samoan Administration .. .. .. 1,727 0 9 Donations transferred to Countess of Liverpool Fund .. .. 245 9 3 Superannuation .. .. .. .. .. .. 2,423 17 0 2,151,835 15 10 Appropriation Act, 1914, section 25 (Belgian relief) .. .. 20,000 0 0 £2,171,835 15 10

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The actual expenditure for war purposes up to the 30th June, inclusive of liabilities, is estimated at, roughly, £3,500,000. Immediately after the Government decided to equip and despatch an Expeditionary Force an appeal was made to the public of New Zealand for gifts in money and in kind to assist the equipment and other necessary preparations The response was beyond all expectations, and the Government desires to express* its appreciation of the patriotism and generosity that were displayed. Up to the 31st March a sum of £159,137 had been subscribed in actual cash to assist the war expenses, but it must not bejsupposed that this sum represents the full measure of the subscriptions in in kind which the people of New Zealand gave through various channels tojjjassist our soldiers. The following are the services for which the sum of £159,137 was received and expended by the Government:— Money Contributions to the War Fund through Government Channels to the 31st March, 1915. £ s. d. General war purposes .. . . . . . . 144,499 810 School Ambulance Fund . . . . . . . . . . 2,279 9 8 Spring drays .. . . . . . . . . 40 1 0 Forage .. .. . . •. . . . 186 13 3 Sleeping-suits for hospital use . . .. .. .. 20 0 0 Loan to Government . . .. . . .. . . 100 0 0 Clothing .. .. .. .. .. .. .. 10 0 0 Hospital Fund, New Zealand Expeditionary Force in Egypt . . 91 5 6 Oil for motor-cars .. . . .. .. .. . . 50 0 0 Quick-firing gun .. .. .. . . .. . . 247 0 0 Purchase of horses .. .. .. .. .. 3,175 17 10 Medical equipment .. .. .. .. .. 142 10 3 Ammunition-carts .. .. .. .. .. .. 92 1 3 Bicycle .. .. .. .. .. .. .. 800 Purchase of boots . . .. .. .. . . . . 12 2 0 Blanket Fund . . . . .. .. . . 2 2 6 Field Hospital and Ambulance Corps . . .. . . .. 50 0 0 Aeroplanes .. .. .. .. .. .. 100 Major operation surgical instruments .. .. .. 40 0 0 X-ray apparatus .. .. .. .. .. .. 250 0 0 Field ambulance .. .. .. .. .. .. 2,130 10 3 Comforts .. .. .. .. .. .. .. 56 4 0 Purchase of motors . . . . .. . . . . 1,618 4 6 Motor ambulances . . .. .. . . .. . . 3,788 7 8 Other receipts .. .. .. .. 246 9 3 £159,137 7 9 RELIEF FUNDS. On the outbreak of war the people of the Dominion, through the St. John Ambulance Association and local and central committees, with remarkable enthusiasm banded themselves together with the object of raising both money and gifts to meet the various necessities arising out of the war. Considerable contributions in money and kind were raised and expended in equipment locally; large sums were also raised and forwarded through various channels to central committees in London for relief purposes. Gifts in kind were equally generous; large quantities of meat, produce, clothing, and other goods were shipped to England for distribution to the needy of the United Kingdom and Belgium. In February last the Belgian Relief Committee in London, while appreciating to the fullest extent the magnificent assistance rendered by the people of Australia and New Zealand, were forced to recognize that if they were to continue to alleviate the sufferings of the seven millions who are still in Belgium in a systematic manner, this could only be done by organized effort, and with

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a knowledge of the exact amount of contributions they could depend upon monthly. They, accordingly, made an urgent appeal to Australia and New Zealand to contribute .£75,000 per month, or food equivalent to that amount. On a population basis New Zealand's share of this worked out at about £15,000 per month. A conference was immediately convened of patriotic associations and the St. John Ambulance Association. At that conference, presided over by His Excellency the Governor, and held in Wellington, the following resolutions were passed : " (1) That the Government be recommended to make a definite grant of .£5,000 per month, and, in addition, to subsidize at the rate of £1 for £1 all voluntary subscriptions up to any amount, not exceeding £5,000 per month, raised in New Zealand for the relief of the Belgian nation; (2) that voluntary subscriptions be asked for on a population basis; (3) that a central authority be appointed by the Minister of Finance for dealing with the transmission of all gifts, both in money and kind, for relief of the poor in the United Kingdom and Belgium; (4) that all donations in money for Red Cross purposes be sent direct from the centres of the Association of St. John in the Dominion to the headquarters in London. Further, that the abovementioned authority, appointed by the Minister of Finance, should be available for making all arrangements in connection with the transmission of other gifts contributed in New Zealand for Red Cross purposes, which in the first instance should be sent to the various centres of the Order of St. John, in accordance with the working arrangements arrived at between the Association of St. John and the Red Cross Society in the United Kingdom." These resolutions were given effect to by the Government as from the Ist April. In addition, the Government decided that all moneys and gifts of clothing, produce, &c, for relief purposes should come through this same central authority in Wellington, so that the people of the Dominion might ultimately know the total amount of subscription given to meet the great needs for assistance not only of the Belgians, but also of the Serbians and. Montenegrins. It is difficult to accurately ascertain the amount of money and the value of the gifts which had been forwarded prior to the date when the Government took over the work of dealing with the relief funds, but from information so far furnished the amount transmitted to London in money and in kind up to. the 31st March last was approximately £237,267. This was entirely apart from contributions for war purposes. New Zealand Hospital Ship. A most generous response was also made to His Excellency the Governor's appeal for funds for the New Zealand hospital ship. A sum of no less than £80,400 has been contributed, of which £48,706 is in the hands of the Government, the balance being still retained by local committees. EDUCATION. As forecasted in the Financial Statement of last year, a substantial increase is shown in the current year's estimates, apart from the increase naturally consequent on the expansion, of population. This increase is in the main due to the further provisions that have been made for the staffing of the public primary schools and secondary schools, and for the higher rates of salary payable to the teachers employed. In the amount to be provided for the salaries of public-school teachers an increase of £90,000 is shown, of which £30,000 may be set down as the increase that would naturally have been made in the ordinary development under unamended conditions. Teachers' Superannuation Fund. The income during the year ended the 31st December, 1914, was £78,626, made up as follows : Contributions of members, £49,309 ; interest on outstanding contributions, £519 ; interest from Pubhc Trustee, £11,798 ; Government subsidy, £17,000. The expenditure for the year was £41,061. The value of the fund on the 31st December, 1914, was £302,701, as against £265,136 on the 31st December, 1913, an increase of £37,565. The number of contributors increased from 4,017 on the 31st December, 1913, to 4,269 at the end of 1914, an increase of 252.

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The triennial examination of the fund has been made by the Government Actuary, who reports that, in addition to the present Government contribution of £17,000 per annum, a further sum of £16,000 will be required for each of the years 1916, 1917, and 1918. INSURANCE OF PUBLIC BUILDINGS. lii 1913 a special sinking fund was established for the purpose of covering losses on public buildings destroyed by fire. The Government contribution of £10,000 per annum is paid over to the Public Trustee, and the amount at credit of the fund now stands at £30,933, whilst claims amounting to £1,011 have been paid, and others are under investigation. ORDINARY REVENUE ACCOUNT. I now have to submit the position of the Ordinary Revenue Account for the first four months of the present financial year ended the 31st July ultimo. There has by comparison with the corresponding period for the previous year been an increase of expenditure in all the annual appropriations except three, the increases amounting to £303,889, and the decreases to £73,696. The effect of the war has had much to do with the position disclosed. It must be apparent that such a heavy increase for the four months referred to clearly demonstrates that the times through which we are passing have adversely affected the various Departments, and that an adjustment must be made to ensure that these Departments are placed in such a position that the revenue will exceed the expenditure. It will also be absolutely necessary for all Departments that are not of a trading nature to be considerably restricted so far as expansion of service is concerned in order that a closer relation to the financial needs of the country may be maintained. I think it only right to say that the result of the four months' financial operations of the present year gives the Government some concern, showing as it does an increase of expenditure over receipts for that period of £307,982 and an increase of £350,000 of Treasury bills in comparison with the core-, sponding period of last year. I now submit a Treasury statement showing approximately the expected position of the Consolidated Fund for the three months ending the 31st October next. It estimates a deficiency of £289,000, the Accountant — rightly, in my judgment — stating, however, that it "is difficult to estimate the revenue owing to possible decreases." With this I agree; and while I think the balance of available Treasury bills may prove to be adequate to meet any contingencies that may arise, still I am of opinion that as a precautionary measure it would be prudent to have authority to increase the Treasury bills for use either in New Zealand or England, and I will submit proposals to that effect. It is unnecessary for me to inform honourable members that until the Empire is at peace again, and before the extra revenue from the alterations I am submitting is realized, circumstances may conceivably arise that would call for the temporary use of a larger issue of Treasury bills than the maximum amount now available. In normal times nothing approaching the present amount would be needed. The increased facilities for inward steam tonnage should materially help both the Customs and railway revenue, as it will result in increased imports, and, indeed, increased internal trade throughout the Dominion generally. The following is the estimate of the position of the Consolidated Fund for the three months ending 31st October next: — £ £ Cash, Ist August .... .... 140,000 Estimated receiptsRevenue, Ist August to 31st October .... .... .... 2,643,000 Transfer from War Expenses Account the amount charged to Unauthorized .... .... 78,000 2,861,000 Estimated expenditure, Ist August to 31st October .... .... .... 3,150,000 Deficiency .... .... .... £289,000

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The expenditure is based on the figures for the corresponding period of last year, with the addition of £50,000 for interest on the war loans. It is specially difficult to estimate the revenue owing to circumstances which I have already explained. £ We have authority to issue Treasury bills .... 2,000,000 And have issued .... .... .... .... 1,200,000 Leaving .... .... .... £800,000 I now place before the Committee the estimate of the receipts and expenditure for the current year. ESTIMATES OF REVENUE AND EXPENDITURE FOR 1915-16. The revenue for the year 1915-16, estimated on the basis of the existing statutory limitations, is as follows : — £ Customs .. .. .. .. .. 2,800,000 Railways .. .. .. .. .. 4,000,000 Stamp and Death Duties .. .. :. 1,220,200 Postal and Telegraph .. .. .. 1,345,000 Land-tax .. .. .. .. 790,000 Income-tax . . .. .. .. 525,000 Beer Duty .. .. .. .. 124,000 Registration and other Fees.. .. .. 100,000 Marine .. .. .. .. .. 50,400 Miscellaneous ... .. .. . . 419,000 Territorial Revenue .. .. .. 210,000 Endowment Revenue .. .. .. 92,654 Total .. .. .. .. £11,676,254 The following figures will show the ways and means of the Consolidated Fund for the year 1915-16, estimating the revenue on the foregoing basis : — £ Balance forward from 1914-15 .. .. 149,047 Estimated revenue, 1915-16 . . .. 11,676,254 11,825,301 Estimated expenditure, 1915-16 .. .. 12,653,242 Deficiency (without provision for war pensions, interest and sinking fund on war loans, additions to superannuation funds, and supplementary estimates) .. .. .. .. £827,941

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The following explains the difference between the Estimated Revenue for 1915-16 and the Actual Revenue received for 1914-15.

It is necessary, when estimating the amount which will have to be obtained by fresh taxation, to consider, as well as we are able, the ultimate annual amount to which the country will be committed in connection with war expenditure and other special demands in order that suitable provision may be made to meet the burden. It is impossible for any one to say with any degree of certainty what amount the Dominion will have to find to cover war pensions, but the best estimates which have been provided place the amount at approximately £1,000,000 per annum, on the assumption that the war will last another year. The annual interest and sinking fund payable on war loans of, say, £12,000,000 will amount to, roughly, £700,000. The whole of these amounts will not fall to this year's finance, but in addition to the deficiency shown for the current year of £827,941 we must provide for, say, £150,000 for supplementary estimates, £34,000 additional for Superannuation Fund, and a considerable proportion of the pension and interest I have referred to. There must be neither delay nor uncertainty in the country doing its financial duty to those who have offered their lives for the protection of every man, woman, and child in the Dominion, and who have assisted in the preservation of the British Empire. It is next to impossible to forecast with any approach to exactness what the position, will be at the end of the war. I have endeavoured to the best of my ability to keep on the safe side, but much depends on circumstances beyond the control of the Government or the people. PROPOSED INCREASES OF REVENUE. Though the demands are large it is well within the capacity of the country to provide the necessary ways and means to meet them, and it must not be forgotten that every country engaged in the present war has to face huge deficits and to shoulder burdens of an unprecedented nature. In this respect New Zealand is in a similar position to other parts of the British Empire. With the object of providing for the deficit, and for the interest and the sinking fund required for the final payment of all war expenditure, it is necessary that some adjustments in taxation and in the rates for public services should be authorized by Parliament. The financial position created by the war is one calling for prudent and vigorous treatment, and must be faced by the Government and the people with inflexible courage. I cannot too strongly impress upon every section of the community the necessity for care and economy, especially in the matter of iv—B. 6.

Estimated 1915-16. Aotual 1914-15. Difference. More. Less. ,r £ 2,800,000 4,000,000 1,220,200 1,345,000 790,000 525,000 124,000 100,000 50,400 419,000 210,000 92,654 £ 3,167,283 4,106,675 1,417,207 1,353,443 799,641 540,318 127,660 101,020 50,387 461,498 239,623 78,770 £ £ 1 O £ 367,283 106,675 197,007 8,443 9,641 15,318 3,660 1,020 Customs Railways Stamp and Death Duties Post and Telegraph .. Land-tax Income-tax Beer Duty Registration and other Fees Marine Miscellaneous Territorial Revenue .. Endowment Revenue 13 13 I O OO/I 42,498 29,623 13,884 Totals 13,897 781,168 13,897 11,676,254 12,443,525 767,271

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luxuries, until the great war now raging is over. Ido not wish to suggest that there should be a diminution in employment. On the contrary, both Government and private individuals can materially help the country in coming successfully through the present crisis by maintaining employment at its normal maximum and at the same time doing everything possible to prevent waste and extravagance. As a producing country we possess enormous advantages in comparison with most other countries, but we must not rely upon the present high prices for our principal products being maintained after the war is over. The huge and unequalled war expenditure of the older countries must enormously limit the purchasing-power of their peoples until sufficient time has elapsed.to enable the nations to take stock of the altered conditions and to adjust their taxation and finance to meet the requirements of the new order of things. We shall require to do likewise, and it is our duty to take all reasonable precautions now to prepare for the exacting task that lies before us. If we are to recover quickly the losses we are suffering in the struggle in which we are engaged, there must be cordial co-operation and ready self-sacrifice from every one. The future calls for self-sacrifice from every one in the Dominion, and I confidently appeal to those affected by the proposals I am now submitting to face the position with broad-minded and undaunted determination. In all probability on the conclusion of the war it will be practicable to make very considerable reductions in taxation, and it is merely necessary to say that the Government will have very great pleasure in doing so. It would not, in my opinion, be prudent at present to base the extra amount required at a lower sum than £2,000,000 per annum, and it will depend entirely upon the duration of the war whether even this large sum will not in the future require to be increased. lam hopeful that it will not, but this cannot be definitely determined at present. We may hope that in a year from now the war will be over, and that the circumstances then will enable us to make a considerable reduction in taxation,, In any event, though the burden is heavy the people can be trusted to bear with equanimity whatever 'is necessary as New Zealand's share in maintaining the high traditions and priceless freedom of the British Empire. As it is essential to distribute the incidence of the increased taxation over the widest possible area in order that its direct effect may be least oppressive, I will submit a number of important alterations to the House which I hope will commend themselves to honourable members. The increased taxation is proposed chiefly on account of the war, and partly owing to the general expenditure increasing out of proportion to the increase of revenue. LAND AND INCOME-TAX. I estimate the receipts for 1915-16 as follows: Land-tax, £886,340; income-tax, £1,090,660. It is proposed to increase the land-tax by the addition of 50 per cent, to the present rates of graduated tax on country lands. The increase in the income-tax will be obtained by an extension of the existing schedule of graduated rates from Is. 4d. to 2s. which rate will be reached at £5,600, and the imposition of a super-tax of 33J per cent, to the schedule rates. This will give a rate varying from Bd. on the lower taxable incomes to 2s. Bd. on the higher ones. In view of the fact that many business people whose incomes are taxed are also paying land-tax, and in many cases graduated land-tax, this is considered to be a high enough rate to impose, as in many instances the combined taxes will be equivalent to a tax of over ss. in the £1 of income. It is not considered advisable to attempt to obtain any increased revenue by lowering the exemption, as the extra expenditure that would be incurred would not be warranted by the result, and the class that would be affected by such a change is already paying its taxation through the Customs, and is sufficiently burdened by that and by the increased cost of living. It is not proposed to increase the tax on mortgages.

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The comparison between the estimated tax for the current year and the tax for last year is as follows : — Estimated Tax. Present Tax. Decrease. Increase. £ £ £ £ Ordinary tax .... 307,000 307,000 Mortgage-tax .... 240,000 246,300 6,300 Graduated tax .... 339,340 265,103 .... 74,240 886,340 818,400 Net increase, 67,940 Income-tax .... 1,090,660 539,000 .... 551,660 Totals .... £1,977,000 £1,357,400 .... IT) 19,600 It is generally recognized that those who have been making large profits due to the war should give an additional amount towards the financial requirements of the country. I shall not be contradicted when I say that large profits have been derived from the sale of wool, meat, and dairy-produce. To provide for a reasonable contribution to defray a portion of the cost of the war I propose that the income-tax shall apply to income derived from land. Five per cent, of the capital value of the land will be deducted from the assessment of the income, and the exemption of £300 will also be allowed. I estimate that £250,000 will be obtained by this alteration, and considering the high prices that have been realized for sheep, wool, meat, and dairy-produce, it is not a large contribution from those affected. The total increase of income-tax proposed will amount to £551,660, and will reach those whose additional profits have been due largely to the war. Post and Telegraph Charges. I propose to make some small additions to the charges leviable for postages and telegrams ; and, although it is anticipated that the amount realizable will amount to £380,000, yet, owing to the vast number of pieces of mail-matter and telegrams handled, it is estimated a very small increase in the minimum charges to which they are subject will yield the sum indicated. I propose that the initial rate on telegrams be increased by 2d., that 2d. be added to the inland charge for cablegrams, that the initial charge for bureau communications within a radius of twenty-five miles be 6d. for both subscribers and non-subscribers, instead of as at present 3d. for subscribers and 6d. for nonsubscribers, and that a special war-tax of Jd. be levied on all articles posted except newspapers. The amount realizable under each heading is estimated as follows: — £ Telegram and cable messages : Increase of initial rate of 2d 50,000 Bureau messages : Initial rate made 6d. to all .... .... 20,000 Postage war-tax of |d. on all articles posted except newspapers 310,000 £380,000 Railway Increases. The railway passenger and goods rates will be increased to the extent of £360,000 per annum. This becomes a necessity from causes due chiefly to the war, and it is impossible for the Railway Department to provide sufficient ways and means under conditions now existing. Prices of materials required for the maintenance and extension of the services have risen enormously. I may give a few instances: The cost of canvas has increased 100 percent.; rails, 12 per cent.; fastenings, 9 per cent. ; steamer freight on rails, 102 per cent. Girders, ironwork, and general materials have also increased greatly in price. In the locomotive branch an average increase of 40 per cent, has taken place in respect to materials used in building and repairing engines, cars, and wagons. In view of the foregoing and the fact that indications point to still further advances, it is evident that the Department cannot satisfactorily carry on its operations and provide

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3% per cent, on the capital invested unless the rates are raised to meet the emergent conditions arising out of the war, and after carefully looking into the whole position it is proposed that passenger rates be raised by per cent., and goods (excepting timber) by 10 per cent. Assuming that effect is given to this proposal, the rates operating for conveyance of dairy and other farm produce and live-stock will be less than those ruling in 1894, when the industries were either languishing or in their infancy, while the proposed advance is so infinitesimal as to be negligible as far as the increase of prices over the counter are concerned. The effect of the proposed increase in rates would be as follows: Butter, per £100 of value; cheese, Is. per £100 of value; wool, Is. Bd. per £100 of* value; frozen meat, 2s. Bd. per £100 of value; sheep, 4s. Bd. per £100 of value; cattle, 3s. 9d. per £100 of value. I omit timber for the reason that the increase would be on white-pine £1 14s. sd. per £100 of value, and on red-pine £21 ss. sd. per £100 of value. Timber is used more or less by all classes of the community, and the general increase proposed, to be put on other goods if applied, to timber would injure the industry, which is at the moment prejudicially affected by the war. Discrimination in this article is consequently a necessity. In regard to passenger fares, the 8J per cent, proposed works out at a penny in the shilling, and this would be applied in all cases excepting workers' tickets. An adjustment of excursion rates also will be submitted. I estimate these changes will produce- £360,000 per annum. My colleague the Minister of Railways will furnish full details later on. The alternative to the increase of rates would be a drastic curtailment of the train-mileage run. Necessarily this would involve greatly diminished train services and the dismissal of a very large number of employees. Such an undesirable course can be avoided by the adjustment I have suggested. Increases and Alterations op Duty. To make up the shortage of revenue due to war conditions, and to strengthen our finances, it will be necessary to impose duties upon some articles commonly regarded as luxuries. An all-round duty of 10 per cent. ad valorem on motor-cars, and 50 per cent, additional on cars made in countries which are now or may be enemy countries. Bicycles which have hitherto borne a duty of 20 per cent, if British, and 30 per cent, if foreign, will be reduced to the same rate as motor-cars, with the same conditions as regards enemy countries. A duty of 4d. per gallon will be placed on motor-spirits and kerosene. I do not think any exception can be taken to the proposal for increasing the duty on petrol, &c, for motor-cars. Kerosene, which formerly had a duty of 6d. a gallon, is also included. Petrol cannot be taxed to produce the revenue necessary unless this is done. Tyres are to remain free from British and neutral countries, with a 50 per cent, ad valorem tax on tyres from enemy countries. Excise beer, which has hitherto paid 3d. per gallon by means of stamps attached to the casks upon delivery from the brewery, will be taxed by an entirely new method. The Government's proposal in regard to the beer-tax is one that should commend itself to the House. It alters the system chiefly to ensure that lighter ales—that is, ales with less alcohol in them—should be manufactured in this country. lam satisfied as the result of close investigation by the Customs Department that the full revenue I indicate under these alterations will be obtained. The duty will be assessed on the quantity and with respect to the specific gravity of the worts pitched for fermentation. The worts of low gravity will pay a minimum duty, which will increase with each unit of rise in gravity. Spirits will be increased from 16s. per proof gallon to 17s. per proof gallon. 'The total increased revenue from the foregoing adjustments is estimated at £340,800, of which sum £55,000 is represented by increased beer revenue.

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As all classes of the community will, I am sure, desire to join in the necessary sacrifices to help the country at this juncture, I would ask those who use non-alcoholic beverages to join in providing a part of the extra revenue necessary. I propose that an excise duty of Id. per gallon be put on all non-alcoholic beverages to be defined. It is difficult to estimate what the revenue from this will be, but I put it down, in round figures, at £20,000. We shall, however, not be able to ascertain definitely what is to be expected from this until it has had a full year's trial. The full benefit to the revenue of the increased duties on spirits will not accrue for many months, as merchants, anticipating changes in the tariff, have cleared from bond all available stocks of these articles. The amount of inflation, of revenue during the last two months due to this cause has been about £130,000. It should also be remembered that the new duties will be in force for seven months of the year only, that there are large stocks of motor-spirits and kerosene at present stored in the Dominion, and that the consumption of most articles will be reduced on account of war conditions, the absence of many of our men on active service, and other causes. Taking all these facts into consideration I do not think the increases for the present financial year due to the new duties can be safely estimated at more than £120,000. In these proposals I have elected to touch a few special articles, and not to increase the duties on the necessaries of life. The resolutions to impose the additional duties will be brought down to-night. Stamp Department Increases. I propose an increase on the duties on conveyances, transfers, leases, settlements, common deeds, and other assessable instruments mentioned in the Second Schedule of the Stamp Duties Act, 1908, by 25 per cent. The amount of duty realized from this source during the last year was £175,000. After making allowance for a shrinkage in land transactions, it is estimated that the increased tax will yield £40,000 per annum. Bank-notes Duty. —The duty at present is 15s. per cent., and realizes Jt!60,000 annually. I propose to increase this tax to £1 per cent. I estimate that this increase will produce £20,000 per annum. Bank Cheques. —The duty is at present Id. I propose to increase the duty to 2d. This increase is estimated to produce £50,000 annually. There are large numbers of blank cheques stamped with Id. in circulation, and these may be used with an. additional adhesive stamp for a period of one year. After the expiration of that period all unused cheques stamped with Id. will be called in and an allowance made for them. Receipts. —The duty at present is Id. on every receipt for £2 and upwards. It is proposed to increase this duty to 2d. It is difficult to estimate the amount that will be realized from this source, but after a careful consideration of all available data I have put it down at £40,000. Death Duties. —There is not much room for increase in these duties, nor is it desirable to increase the duty on small estates, although they receive liberal treatment under the present law. There is one class of beneficiaries, however, which escapes very lightly in the matter of succession duty. I refer to the children of wealthy persons. At present such children do not pay succession duty on a less sum than. £20,000 each, which for all practical purposes exempts them from duty. It is proposed to reduce this exemption to £5,000 for each child and to impose a duty of 2 per cent, on successions over this amount. I estimate that this duty will realize £30,000 per annum. Mortgages of Land or any Interest therein. —lt is proposed to impose a stamp duty of ss. per cent, on mortgages. This tax is estimated to produce £40,000. On release, reconveyance, or discharge of mortgage a fixed duty of 10s. , This tax. is estimated to produce £8,000. In the United Kingdom an ad valorem duty has been imposed on mortgages for many years. This duty is not a recurring one, and should not cause any hardship in its incidence.

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Subsales of Property. —A new stamp duty is to be imposed on all subsales of property at the same rate as if the purchaser took a transfer or conveyance of the property. This duty is estimated to produce £10,000 per annum. It will fall almost entirely on the land speculator. Totalizator Dividends. —I propose as a war-tax to impose a duty on. totalizator dividends of 2| per cent. This is estimated to produce £75,000. •The whole of the taxing proposals and increases in the rates of the various public services will be revised with a view to remissions and reductions when these are made possible by improved conditions. In adjusting the taxation and the rates for various public services my object has been, to do so without imposing additional charges on the cost of living. I propose to alter the income-tax and other taxes so that those who have been making large profits due chiefly to the conditions produced by the war shall pay a considerable portion of their earnings to the country, and this they should not grudge, as the heavy borrowings incurred for war charges have secured them in their possession, and in the inestimable blessings they enjoy as members of the British race. For the sake of convenience I summarize the proposed increases in taxation and rates as follows :— £ Land and Income Tax.... .... .... .... 619,600 Post and Telegraph .... .... .... .... 380,000 Railways .... .... .... .... .... 360,000 Customs .... .... ..'.. .... .... 285,000 Totalizator dividends .... .... .... .... 75,000 Beer duty .... .... .... .... .... 55,000 Bank-cheques .... .... .... .... 50,000 Land-mortgages .... .... .... .... 48,000 Receipts .... .... .... .... .... 40,000 Conveyances, transfers, &c .... .... 40,000 Succession duties .... .... .... .... 30,000 Non-alcoholic beverages .... .... .... 20,000 Bank-notes .... .... .... .... .... 20,000 Subsales of land .... .... .... .... .10,000 £2,032,600 I am, as I have indicated, estimating the total, requirements at £2,000,000. A revival of inward trade, which there is good reason to hope will be the case, would be favourably reflected upon the principal Departments now adversely affected, and an early termination of the war would materially reduce the prospective liabilities. We are reasonably entitled, to take both these as probabilities, and are justified in basing our responsibilities on the basis of £2,000,000. It must not be forgotten that the full amount of taxation and other increases of revenue will not come into the Treasury during this year. I estimate that we will receive by the 31st March next not more than £1,000,000 from the increases now proposed. It is impossible to give a fairly reliable approximate estimate of the financial position of the Consolidated Fund at 31st March next. It may be that there will be a deficit, as the whole operation of the increased rates and taxes cannot operate fully until the following year. I feel it to be my duty to point this out now. There need be no misgivings on this account, as what I am now proposing should, when the changes are in full sway, more than balance the revenue and expenditure. Tariff. —While I. realize that a necessity exists for revising the Customs tariff generally in regard to certain matters, the subject is one of such importance and difficulty that it cannot be dealt with at present. No doubt the question of encouraging new industries may become more pressing when the war is over. We must take steps to prevent New Zealand being made the dumping-ground of foreign countries' goods to the serious injury of our industries, manufacturers, producers, and workmen. There is no doubt that the facilities offered to the German manufacturer and merchant in gaining access

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to British and Colonial markets have helped our enemy to build up her large commercial and industrial establishments and to increase their export manufactures, thereby amassing great wealth from British countries, which has helped to supply her with the sinews of war. One way of preventing Germany again becoming a great commercial and industrial nation with the assistance of British countries is to prohibit German-made goods from being imported into New Zealand and other British countries. One of our supreme duties for the future will be to make our people, as far as practicable, a self-reliant and self-contained nation. The House will be asked to place a duty of 50 per cent, on all importations from countries that are now or may be enemies of the British Empire, excepting such goods as may be exempted from time to time by Order in Council. Cost of Living. —The steadily increasing cost of living is causing a great deal of anxiety. It has become a matter not only of national but of world-wide concern. In New Zealand a Royal Commission, which was set up to inquire into the question and make recommendations for the consideration of the Government, furnished a valuable report. While it is exceedingly difficult to deal effectively with the causes which tend to increase the cost of living, it is the intention of the Government to take measures to remove any abuses that may exist, and to prevent any person taking advantage of the conditions associated with the war to trade upon the necessities of the people. The object will be to ensure that the cost of the food, clothing, and shelter of the people is in no way unduly or artificially increased. Our desire should be that no part of the field of business opportunity may be restricted by monopoly or combination, and that the right of every man to acquire commodities, and particularly the necessaries of life, in an open market, uninfluenced by the manipulation, of trust or combination, may he preserved, and the people not exploited. In this connection, with a view of increasing the powers of municipal corporations and avoiding the expense incidental to special legislation at the instance of those bodies, it is proposed to amend the Municipal Corporations Act, giving powers somewhat similar to those given to the Cities of Wellington and Christchurch in the year 1914, under local Acts, relating to the inspection, sale, and control of the local milk-supply ; the establishment and maintenance of milk-stations; the establishment, equipment, and maintenance of markets, refrigerating-chambers, and chambers for the cool storage of meat and other articles intended for human food; and also to establish, equip, and maintain ocal municipal bread-supply services. LOAN FOR PUBLIC WORKS. The Government has very carefully considered the best method of providing moneys for carrying on public works, and, in view of the great difficulties in the way of borrowing in the Home market except for war purposes, it has been decided to raise money by issuing debentures in the Dominion. It is proposed to issue free of income tax, debentures for the sum of £5, or multiples of £5, at 4J per cent., and the period will vary according to the desire of the subscriber, but will in no case exceed twenty-five years. It is the intention of the Government to accept deposits on account of the loan through the post-offices in the Dominion, and through recognized brokers at a commission of ss. for every £100 contributed through them. The total amount to be raised will be limited to £2,000,000, and in this sum is included £500,000 for additions to open lines. The minimum value of a debenture has been fixed at a very low figure in order that all classes of the community may be able to assist the Government, and I make this appeal to the people of the Dominion feeling confident that they will be glad of a further opportunity to express their patriotism. It may not be out of place if I here quote from a speech made by the Chancellor of the Exchequer in the House of Commons in June last, when explaining the details of the recent great war loan raised with such conspicuous success from all classes of the community at Home. Mr. McKenna said, "He who subscribes to the country's

8.—6

XXXII

need at the present is in truth doing an act of mercy, and his act benefits both him and the country to which he gives. He who subscribes now, and saves in order to subscribe, will be able to bear the strain when the war is over. He will be thankful for the efforts he has made in the struggle to keep himself, but still dearer to him must be the knowledge that every aid he gives to himself he is multiplying for his country, and that his country will bless him for his providence and for his generosity." I am hopeful that, in addition to moneys for public works, sufficient funds will be available to meet the reasonable requirements of settlers, workers, and local bodies from the deposits in the Post Office Savings-bank, and every effort will be made to do so. Local bodies must restrict their applications to necessary works, as it is not possible during these times to consider demands for conveniences that can be deferred until after the war is over. I take the opportunity of appealing to honourable members not to press for or expect the Government to meet demands for buildings on a large scale. They must give precedence to other more pressing matters. CONCLUSION. There is no portion of the civilized world which is not, to a greater or less extent, feeling the effects of the war. The people of this Dominion, in common with their fellow-countrymen in other parts of the Empire, are offering their sons ungrudgingly in order that the Empire's cause may be successfully vindicated, and no tribute that this House could offer to the memory of those men who have given their lives at their country's call would be too great. Nor is it possible to thank sufficiently those men and women who have sacrificed their money and their comfort in order that they may assist in succouring the wounded, and in other ways have furthered the great cause which to all of us is a privileged trust and a sacred duty. Let us hope that before I again have to submit a review of the finances of the Dominion to the House and to the country this devastating war will be a thing of the past, and that the Empire will have emerged triumphantly from an ordeal which, however much we may deplore its frightful incidents, has still had the effect of welding together more closely the component parts of the Empire, and has taught it afresh that in unity lies its great strength. The critical times through which we are passing have caused a wave of patriotic enthusiasm to sweep through the Empire, the effects of which must inevitably make for liberty and justice and for the righteousness that exalteth a nation.

8.-6

TABLES TO ACCOMPANY THE FOREGOING STATEMENT. Page Table No. I.—Abstract or Receipts and Expenditure of the Financial Year ended 31st March, 1915 2 Table No. 2.—The Public Debt on 31st March, 1915 .. .. .. .. .. 50 Table No. 3.—The Debt transferred to the New Zealand State Advances Office at 3lst March, 1915 .. .. .. .. .. .. .. .. ..56 Table No. 4.—Statement of the Estimated Liabilities of the Consolidated Fund outstanding on 31st March from 1904 to 1915 inclusive .. .. .. .. 58 Table No. s.—Statement of the Estimated Liabilities of the Public Works Fund and other Accounts outstanding on 31st March from 1904 to 1915 inclusive .. .. .. 59, 60 Table No. 6.—Statement showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to 31st March, 1915 .. .. .. .. 61 Table No. 7. —Estimated Expenditure of 1915-16 compared with the Actual Expenditure of 1914-15 62 Table No. B.—Estimated Revenue of 1915-16 compared with the Actual Revenue of 1914-15 .. 62 Table No. 9. —Statement showing the Amount charged to " Unauthorized " in each Financial Year from Ist July, 1875, to 31st March, 1915 .. .. .. .. ..63

I—B. 6.

8.—6

2

Table No. 1.

1913-1914. RECEIPTS. 1914 1915. £ s. d. Balanoe at boginning of Year, — Cash in the Publio Aooount Imprests outstanding — In the- Dominion In London On acoount of Imperial Pensions On account of other Governments £, s. d. £ s. a. 678,173 5 11 . 378,875 3 0 25,665 8 5 144 8 0 5,525 2 8 29,464 3 9 13,598 4 1 620 19 4 4,346 12 8 420,905 2 5 700,503 5 0 3,426,744 9 9 1,221,970 17 5 1,257,537 5 3 767,451 0 8 554,270 14 4 127,041 4 4 4,028,738 16 7 100,634 12 8 53,036 13 10 424,006 18 11 Ordinary Revenue, — Customs .. .. .. .. .. Stamp and Death Duties Postal and Telegraph Revenue Land-tax Inoome-tax Beer Duty Railways Registration and other Pees Marine Miscellaneous 3,107,283 f> 9 1,417,206 15 8 1,353,443 9 7 799,640 12 1 540,318 0 8 127,659 14 G 4,100,075 2 0 101,020 5 8 50,387 3 1 401.497 16 3 1,961,492 13 6 12,125,132 5 10 190,444 8 10 Territorial Revenue, — Pastoral Runs, Rents, and Miscellaneous 239,622 14 7 72,401 14 2 National Endowment Revenue 78,770 0 10 .2,224,338 16 6 12,443,525 1 3 100 0 0 Sinking Punda set free to redoom Debentures, — The New Zealand Loans Act, 1908— New Zealand Loan Act, 1803 Canterbury Loan Ordinance, 1862 251,350 0 0 2,900 0 0 100 0 0 254,250 0 0 5,32J 1.6 4 Recoveries on account of Kxpenditure of Provious Years Unauthorized 8,356 19 2 63 0 11 8,420 0 1 5,321 16 4 2,000 0 0 Amount paid to Post Office by the New Zealand Government State Fire Insurance Department for purchase of Debenture 13,000 0 0 The New Zealand Loans Act, 1908,— The Consolidated Loan Act, 1807 — Issues in renewal of Debentures matured 15th April, 1913 .. 75,000 0 0 Defence and other Purposes Loan Act, 1870 — Issues in renewal of Debentures matured 15th April, 1913 6,000 0 0 General Purposes Loan Act, 1873 — Issues in renewal of Debentures matured 15th October, 1913 Totalis £13,035,208 17 10 £13,133,100 8 9

3

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

1913-1914. EXPENDITURE. 1914-: 1915. £ s. a. Permanent Appropriations,— Civil List.. Interest and Sinking Fund.. Under Special Acts of the Legislature Subsidies paid to Local Bodies .. .. Amounts paid ovor to Local Bodies and to Deposit Aooounts — Payments under the Land Acts Endowments — New Plymouth Harbour Board Greymouth Harbour Board Westport Harbour Board National Endowment Residue Pensions Act, 1913— Old-age Pensions Widows' Pensions Military Pensions £ s. d. £ s. a. 32,070 13 5 2,887,980 14 6 545,103 11 1 120,673 7 2 21,953 19 5 3,071,448 8 1 545,341 1 9 124,820 19 5 55,583 19 11 51,684 16 3 4,745 14 11 19,313 8 2 47,138 9 10 72,401 14 2 4,734 7 10 30,281 12 0 60,159 10 2 78,770 0 10 4,236,088 7 10 394,558 -9 6 27,073 0 8 29,445 4 C Annual Appropriations,— Class I.—Legislative Departments „ II.—Department of Pinanoe „ 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 Ailairs .. X.—Defence Department .. „ XI.—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 436,765 6 10 31,610 0 11 47,607 5 9 4,505,177 9 3 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 37,551 15 9 170,133 13 0 1,244,568 12 11 2,881,087 8 5 117,676 1 4 24,004 11 1J 442,478 9 0 29,170 10 9 489,206 10 8 499,136 17 2 146,983 19 9 28,548 16 2 253,791 11 9 192,837 17 6 1,131,755 17 6 3,435 9 0 149,199 10 2 28,141 17 5 239,043 7 11 206,731 0 9 1,207,982 14 4 108,512 12 4 7,874,625 13 10 7,589,775 7 7 675,000 0 0 Revenue transferred to the Public Works Fund 350,000 0 0 The New Zealand Loans Act, 1908,— The Now Zealand Loan Act, 1863— Debentures matured 15th July, 1914, redeemed 251,350 0 0 100 0 0 The Canterbury Loan Ordinance, 1862— Debentures matured 2nd January, 1915, redeemed Debentures matured 11th September, 1913, redeemed 2,900 0 0 2,900 0 0 13,000 0 0 100 0 0 The Consolidated Loan Act, 1867— Debentures matured 15th April, 1913, redeemed by renewal Defence and other Purposes Loan Aot, 1870— Debentures matured 15th April, 1913, redeemed by renewal 75,000 0 0 11,400 0 0 6,000 0 0 General Purposes Loan Act, 1873— Debentures maturod 15th October, 1913, redeemed Debentures matured 15th October, 1913, redeemed by renewal 17,400 0 0 The State Fire Insurance Act, 1908— Debentures maturing 1st May, 1918, redeemed 2,000 0 0 378,875 3 0 29,464 3 9 13,598 4 1 620 19 4 4,346 12 3 Balance at end of Year, — Cash in the Public Account Imprests outstanding— In the Dominion .. .. .. ,. ,. In London On account of Imperial Pensions .. .. .. ,, ., On aocount of other Governments .. .. .. .. 70,953 19 10 85,466 1 8 28,519 1 8 10,144 17 7 3,062 19 11 149,047 0 8 426,905 2 5 £13,035,268 17 10 Totals £13,133,100 3 9

8.—6

4

Table No. 1— continued.

1913-1914. RECEIPTS. 1914-1915. £ s. d. 1,125,000 0 0 525,000 0 0 Treasury Bills issuod during Year Treasury Bills issued in renewal during Year .. £ s. d. 1,630,000 0 0 1,050,000 0 0 £ s. d. 2,680,000 0 0 1,650,000 0 0 Totals £1,650,000 0 0 £2,680,000 0 0 STATE FORESTS £ s. d. 25,712 7 9 231 0 6 Balance at beginning of Year, — Cash in the Public Account Imprests outstanding— In the Dominion £ s. d. 13,588 17 2 266 18 1 £ s. d. 13,855 10 3 25,943 8 3 Fees Rents from Lands set apart Miscellaneous 1,541 0 1 9,813 11 10 2 10 14,370 13 3 14,372 14 3 11,354 11 11 Contribution from the Consolidated Fund towards cost of forest-tree growing and planting 6,000 0 0 5,000 0 0 £42,298 0 2 Totals £34,228 4 6 ST TE COAL- £ s. d. 50,680 15 6 386 13 0 Balance at beginning of Year, — Cash in the Public Acoount Imprests outstanding— In the Dominion £ s. d. 30,694 15 4 522 4 11 £ s. d. 31,217 0 3 51,007 8 6 Prooeeds of Sale of Goal 213,066 9 0 161,842 13 4 Becoveries on account of expenditure of previous years 1,600 0 0 15,396 0 0 0 18 The New Zealand Loans Act, 1908,— The Goal-mines Act, 1908, and Appropriation Act, 1912— Instalments received in respect of £50,000 4-per-oent. Stook Loan authorized, 1943-63 issue Interest on overdue instalments .. 4-per-cont. Inscribed Stock oreated to cover expenses of raising £50,000 loan— 1943-63 issue 1929 issue 3i-per-oent. Inscribed Stook oreated to cover expenses of raising £50,000 loan .. 1,666 13 4 517 13 11 416 13 4 18,197 2 3 Totals £231,107 4 1 £245,883 9 3

5

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

1913-1914. EXPENDITURE. 1914■1915. £ s. d< 525,000 0 0 1,125,000 0 0 Treasury Bills renewed during Year Treasury Bills redeemed during Year £ a. d. 1,050,000 0 0 1,630,000 0 0 s s. a. 1,650,000 0 0 2,680,000 0 0 Totals £2,680,000 0 0 £1,650,000 0 0 ACCOUNT. £ s. d. Annual Appropriation,— Vote 111 —State Forests Branch £ s. d. £ ) £ s. <1. 28,442 9 11 30,318 2 i 13,588 17 2 Balance at end of Year, — Cash in the Public Acoount Imprests outstanding— In the Dominion 3, 3,695 13 10 ,6! 2: 593 !14 3,910 2 2 266 13 1 214 8 4 13,855 10 3 Totals £42,298 0 2 £34,228 4 6 MINES AC OUNT. £ B. d. 191,159 4 1 Annual Appropriation,— Vote 112—State Coal-mines £ 8. d. £ s. d. 209,642 0 9 6,129 17 6 Interest on Debentures 10,605 1 5 The New Zealand Loans Act, 1908, — The Coal-mines Act, 1908, and Appropriation Act, 1912 — Chargos and Expenses 2,601 2 8 Balance at end of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion 25,233 4 10 25,636 7 1 30,694 15 -1 522 4 11 403 2 3 31,217 0 3 Totals £231,107 4 1 £245,883 9 3

8.—6

6

Table No. 1—continued.

SCENERY PRESERVATION 1913-1914. RECEIPTS. 19141915. i ■' ' £ s. d. £ s. d. Balance at beginning of Year, — 332 9 8 Cash in the Publio Account £ s. d. 1,427 13 4 The New Zealand Loans Aot, 1908,— The Scenery Preservation Act, 1908 — 14,000 0 0: Debentures issued 10,000 0 0 35 4 7 Rents .. 62 8 0 70 0 0 Land Sales.. .. .. ... £14,437 14 3 Totals £11,490 1 4 NAVAL DEFENCE £ s. d. Balanoe at beginning of Year, — 15,860 16 3 Cash in the Public Aooount Imprests outstanding— 47,000 0 0 In London fie. sfin ifi a £ s. d. 15,860 16 3 £ b. a. 7,044 0 9 £ s. d. 47,000 0 0 bii,H6O 16 a The New Zealand Loans Aot, 1908, — The Naval Defence Act, 1909— Proceods of sale of 4-per-cent. Inscribed Stock (1929 issue) 15,000 0 0 Proceeds of sale of 3J-per-cent. Inscribed Stock 62,860 16 3 7,044 0 9 15,000 0 0 2,100 0 0 2,100 0 0 2,100 0 0 £77,860 16 3 Totals £77,860 16 3 £9,144 0 9 ACCOUNTS OF £ s. d. 8,294 18 11 Balanoe at beginning of Year, — Cash in the Public Account Imprests outstanding— In the Dominion £ s. d. 11,745 0 3 & B. d. 73 1 5 11,818 1 8 8,294 18 11 Revenue received for Local Bodies, — Pees, Pines, &c. .. Endowments of Land, &c.. Goldfields Rovenue Gold Duty .. .. .. 11,772 14 8 19,417 13 5 14,790 1 10 21,443 10 7 67,424 0 6 5,659 5 2 1,409 6 1 13,469 13 5 7,818 0 6 28,356 5 2 Counties Separate Account, — Revenue of Counties in which the Counties Act, 1908, is not in full operation .. 99 2 0 171 1 4 21,378 3 6 4,000 0 0 Advance Accounts, — Amount ropaid by Local Bodies Ditto on account of Unauthorized Expenditure of previous years 20,094 16 0 20,094 16 0 25,378 3 6 Totals £101,268 4 3 £60,368 4 10

7

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

ACCOUNT. I 1913-1914. EXPENDITURE. 1914-1915. £ s. d. 13,009 13 11 Annual Appropriation,— Vote 113—Scenery Preservation £ s. d. £ s. d. 7,887 3 10 0 7 0 The Now Zealand Loans Aot, 1908,--The Scenery Preservation Act, 1908 — Charges and Expenses 0 7 0 1,427 13 4 Balance at end of Year, — Cash in the Publio Acoount 3,602 10 6 £14,437 14 3 Totals £11,490 1 4 ACT ACCO JNT. NT. £ f. rl. 69,034 14 6 Expenditure under the Act £ s. d. £ s. d. 9,000 0 0 1,782 1 0 The New Zealand Loans Aot, 1908,— The Naval Defence Act, 1909— Charges and Expensee 26 9 0 7,044 0 9 Balance at end of Year, — Cash in the Publio Aooount 117 11 9 £77,860 16 3 Totals £9,144 0 9 LOCAL BO )IES. £ s. d. 11,483 16 6 20,709 3 8 15,840 3 10 19,781 5 4 Revenue paid over to Looal Bodies, &o., — Fees, Fines, &o. .. Endowments of Land, &o. .. Goldfields Revenue Gold Duty £ s. d. 7,020 18 9 2,327 0 11 13,794 14 4 9,770 3 0 £ b. d. 32,912 17 0 67,814 9 4 Counties Separate Account, — Amount distributed amongst Looal Bodies where the Counties Aot, 1908, is not in full operation 97 18 7 73 8 0 21,562 5 3 Advanoe Accounts, — Payments on behalf of Looal Bodies 20,105 18 7 11,745 0 8 Balance at end of Year, — Cash in the Publio Acoount Imprests outstanding— In the Dominion 7,120 8 0 7,251 10 8 73 1 5 131 2 2 11,818 1 8 Totals £101,208 4 3 £00,368 4 10

8.—6

8

Table

DEPOSI 1913-1914. 1915. RECEIPTS. 1914- £ B, d. 143,528 16 4 231 8 0 Balance at beginning of Year, — Cash in the Publio Account . Imprests outstanding— In the Dominion In London £ s. d. 143,111 0 9 219 15 0 29,000 6 9 £ s. a. 172,331 2 6 143,760 4 4 74,128 18 2 Lodgments,— Education Reserves Amendment Aot, 1910 Eduoation Roserves Amendment Act, 1914— Primary-education Endowments Secondary-education Endowments— £ s. d. Auokland Provinoial Diatriot .. .. .. .. 442 9 0 Taranaki Provincial District .. .. .. .. 310 14 1 Wellington Provincial District .. .. .. .. 862 14 7 Hawke's Bay Provincial District .. .. .. 643 11 11 Nelson Provincial District .. .. .. .. 34 7 6 Marlborough Provinoial District .. .. .. 40 12 3 Westland Provinoial District .. .. .. .. 99 0 9 Otago Provincial Distriot .. .. .. .. 273 17 3 52,676 6 4 20,130 16 0 11,428 4 4 2 16 125 0 0 4,030 1 10 1,518 2 9 0 7 7 Emigrants' Deposits Fisheries Act, 1908 General Assembly Library .. Gold Duty Suspense Account Greymouth Harbour Board Act, 1884, Special Goal Rate Account Hospitals and Charitable Institutions Acts, 1909 Imperial Government Meat-supply Account .. Land Act, 1908— Mining Distriots Land Occupation Account Miscellaneous Money-order Settlement Account Nelson Rifle Prize Fund New Plymouth Harbour Board, " fourths " overpaid .. New Zealand University Endowments, Westland North Island Experimental Dairy School Otago University Reserves Act, 1904 Public Trust Office Remittance Account Railways Reserves and other Lands Disposal and Public Bodies Empowering Aot, 1913, seotion 58 Taranaki Scholarships Endowmont Account .. Tauranga Educational Endowment Reserves Act, 1896 Thermal Springs Districts Act, 1910 Trustee Act, 1908 Westport Harbour Board Act, 1884, Special Coal Rate Acoount 2,707 7 4 4,658 14 0 3 9 2 70 0 0 2,199 0 4 1,784 1 0 8 7 9 539,000 0 0 1,561 1 8 108,812 8 8 205,228 8 6 22 3 6 1,514 4 8 330,470 2 0 248,464 14 4 44 0 0 451 19 0 5 10 0 211 0 0 746 5 10 62,741 16 (i 500 0 0 5 10 0 2,903 17 1 479 8 8 44,283 18 9 805 0 0 203 r> 0 611 0 3 59 9 0 75 6 0 3,250 13 9 1,812 2 7 611 5 8 47 6 4 64 15 6 95 9 8 2,026 10 11 1,271,234 1 11 551,951 19 7 Totals £1,443,565 4 5 £695,712 8 11 STATEMENT of the RECEIPTS and EXPENDITURE of the PI BLIC WORK: FUND for th £ s. d. ♦573,959 6 5 52,782 2 2 Balance at beginning of Year, — Cash in the Public Acoount Imprests outstanding— In the Dominion In London Investment Aocount £ s. d. 1,142,577 1G 10 11,006 2 10 15,000 0 0 10,000 0 0 £ s. d 1,178,583 19 8 026,741 8 7 The Public Revenues Aot, 1910, section 56,— Temporary transfer from War Expenses Aocount Temporary transfer to Irrigation and Water-supply Account now restored 10,000 0 0 10,000 0 0 50,000 0 0 50,000 0 0 The New Zealand Loans Aot, 1908,— The Aid to Publio Works and Land Settlement Aot, 1914— Debentures issued Scrip issued 1,525,000 0 0 1,275,000 0 0 250,000 0 0 1,532,229, 0 0 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 Premium Interest on overdue instalments Temporary advances on security of Debentures 217,778 0 0 8,750 0 0 1 4 1 226,529 4 1 390,000 0 0 1,922,222 0 0 Carriod forward 2,558,963 8 7 2,980,113 3 9 * Includes £249,770 for redemption of debentures.

9

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

'2—B. 6.

U A iUUIN I C 1913-1914. EXPENDITURE. 1914--1915. £ a. d. Withdrawals, — Colonial Exhibition Account Education Reserves Amendment Act, 1910 Education Reserves Amondmenr. Act, 1914— Primary-education Endowments Emigrants' Deposits Fisheries Act, 1908 General Assembly Library Gold Duty Suspense Account Hospitals and Charitable Institutions Acts, 1909 Imperial Government Meat-supply Account .. Land Act, 1908— Mining Districts Land Occupation Account Maori Land Settlement Act, 1905 Miscellaneous Money-order Settlement Account New Plymouth Harbour Board, " fourths " overpaid .. Otago University Reserves Act, 1904 Public Trust Office Remittance Account Railways Reserves and other Lands Disposal and Public Bodies Empowering Act, 1912 Taranaki Scholarships Endowment Account Thermal Springs Districts Act, 1910 Trustee Act, 1908 Unclaimed New Zealand Bonds £ p, a, 67 0 8 70,801 14 7 S, s. .1 71,807 Iβ 11 11,360 4 6 4 0 6 125 0 0 4.018 7 8 C 14 4 20,130 16 0 5,118 2 7 70 0 0 1,731 16 8 12 12 9 369,250 4 r> 626 15 8 447 4 4 110,730 15 3 275,598 1 (I 801 11 2 187 0 0 310,173 0 4 283,905 8 6 451 19 0 43 18 0 47,505 11 10 500 0 0 203 5 0 325 0 8 23 4 7 602 9 9 100 0 0 1,112,004 11 1 43,365 4 I 4,731 15 9 556 18 8 2 2 2 523,381 1 5 143,111 0 9 Balance at end of Year,— Cash in the Public Account Imprests outstanding— In the Dominion In London 301,495 5 11 331 ,560 13 i 219 15 0 29,000 6 9 2,959 15 0 27,105 11 11 172,331 2 6 £695,712 3 11 Totals £1,443,566 4 6 ,. . . ti,H'to,uoo a u Year ended 31st Mabch, 1915, compared with the Financial Year ended 31st March, 1914. £ s. d. Annual Appropriations, — 66,626 12 9 Class ~ XVI.—Public Works, Departmental 1,104,896 9 4 . XVII.—Railways .. 369,600 2 2 . XVIII.—Public Buildings 9 059 1 9 XIX. —Lighthouses, Harbour-works, and Harbour-defences 14*986 17 8 j XX. —Tourist and Health Resorts .. 33*914 2 2 XXI.—Immigration XXII. —Construction, Maintenance, and Supervision of Roads, Bridges, 377 979 7 8 I an< 5 other Public Works 4!, 889 7 11 . XXIII. —Development of Goldflelds .. 392*647 18 3 .. XXIV. —Telegraph Extension 3o'l86 0 2 XXV. —Contingent Defence 16*996 2 2 „ XXVI.—Lands Improvement, 23 10 0 Services not provided for .. • .. ear ended 31st !S £ s. d. <c h. d 100,624 8 3 ,. 1,140,753 5 1.1 .. J 418,999 16 0 ,. I 17,1 HI 1 10 8,232 2 4 33,219 1 11 a. 511,129 19 9 2,383 19 11 . 1 ' 288,395 5 7 15,2-21 12 <J 13,80!) 16 0 94 4 11 . -I 2,557,294 15 7 2,421,807 7 0 The Public Revenues Act, 1910, seotion 56, — Temporary transfer from War Expenses Account, now restored 10,000 0 0 Temporary transfer to Irrigation and Water-supply Aocount .. i 50,000 0 0 10,000 0 0 50,000 0 0 2 431 807 7 0 Carried forward 2,431,807 7 0 2,607,294 15 7

B.— o

Table No. 1—continued.

10

1913-1914. RECEIPTS. 19141915. £ s. d. '2,558,963 8 7 £ ! s. a. £ s. a, 2,980,118 8 9 Brought forward 3,758 9 8 10 7 1 2,105 17 9 414 3 2 12,868 18 6 The New Zealand Loans Act, 1908,— 4-per-cent. Inscribed Stock created to cover expenses of raising loans— 1929 issue— The Aid to Public Works and Land Settlement Act, 1913 (£1,750,000) 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 Land Settlement Act, 1906 (£40,000) The Aid to Public Works and Land Settlement Act, 1912 (£1,242,900) 26,114 5 5 19,154 16 2 26,114 5 5 675,000 0 0 Revenue transferred from the Consolidated Fund in aid of Public Works 350,000 0 0 9,051 8 8 Recoveries on account of Expenditure of previous Years 7,905 9 4 1,593 7 8 Special Receipts in connection with the Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Account 1,516 0 11 21,890 4 5 Receipts under Section 16 of the Reserves and other Lands Disposal and Public Bodies Empowering Aot, 1912 387,674 0 0 2 0 4 206,000 0 0 The New Zealand Loans Act, 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 .. .. .. .. .. .. .. , 100,000 0 0 500 0 0 200,000 0 0 894,176 0 4 The Aid to Publio Works and Land Settlement Aot, 1902— Interest on overdue instalments .. 0 6 9 0 16 The Aid to Publio Works and Land Settlement Act, 1906— Interest on overdue instalments .. 100,000 0 0 250 0 0 The Aid to Publio Works and Land Settlement Act, 1908— 4-per-cent. Inscribed Stock created and issued— 1929 issue Premium 100,250 0 0 The Aid to Publio Works and Land Settlement Act, 1911 — 4-per-cent. Inscribed Stock created and issued, 1943-63 issue 100,000 0 0 113,224 0 0 27,900 0 0 0 11 9 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 .. .. ., .. 141,124 11 9 12,100 0 0 33 6 8 6,770 0 0 1,333 6 8 41,430 0 0 4-per-cent. Inscribed Stock created to cover expenses of raising loans— 1943-63 issue— The Immigration and Public Works Loan Act, 1870 (£363,000) The Aid t6 Public Works and Land Settlement Act, 1901 (£1,000) The Aid to Public Works and Land Settlement Aot, 1902 (£203,100) The Aid to Public Works and Land Settlement Act, 1906 (£40,000) The Aid to Public Works and Land Settlement Aot, 1912... 61,666 18 4 3,025 0 0 8 6 8 1,692 10 0 333 6 8 10,357 10 0 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 (,-61,000) The Aid to Public Works and Land Settlement Aot, 1902 (£203,100) The Aid to Public Works and Land Settlement Act, 1906 (£40,000) The Aid to Public Works and Land Settlement Act, 1912 (£1,242,900) 15,416 13 4 £4,598,287 12 6 Totals £3,305,648 19 5

11

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

1913-1914. EXPENDITURE. 1914-1915. & s. a. 2,431,807 7 0 I Brought forward £ s. d. £ s. d. 2,607,294 15 7 The New Zealand Loans Act, 1908,— The Aid to Publio Works and Land Settlement Act, 1900— Debentures matured 1st February, 1915, redeemed 500 0 0 1,000 0 0 The Aid to Publio Works and Land Settlement Act, 1903 - Debentures matured 1st January, 1915, redeemed .. .. .. ' Debentures matured 1st January, 1914, redeemed 1,000 0 0 1,000 0 0 1,000 0 0 The Aid to Publio Works and Land Settlement Act, 1907— Debentures matured 1st January, 1915, redeemed 10,300 0 0 52 0 5 10,566 5 0 2,080 18 0 625 0 0 2,625 14 0 69,799 0 8 0 17 6 Charges and Expenses in respect of loans raised under — The Aid to Public Works and Land Settlement Act, 1901 The Aid to Public Works and Land Settlement Aot, 1902 The Aid to Publio Works and Land Settlement Act, 1906 The Aid to Public Works and Land Settlement Aot, 1907 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 Aot, 1912 The Aid to Publio Works and Land Settlement Aot, 1913 The Aid to Public Works and Land Settlement Aot, 1914 The Immigration and Public Works Loan Act, 1870 15 0 0 3 6 35,495 6 0 34,865 9 6 628 8 0 19,699 15 8 105,449 10 10 296 15 0 The Ellesmere Land Drainage Aot, 1905, — Expenditure under section 6, subsection (1) .. .. .. 296 15 0 The Reserves and other Lands Disposal and Public Bodies Empowering Act, 1914, — Expenditure under section 104 15,000 0 0 390,000 0 0 The New Zealand Loans Act, 1908,— The Aid to Public Works and Land Settlement Act, 1913— Temporary advances repaid The Aid to Public Works and Land Settlement Act, 1908— Transfer to Loans Redemption Account of gross proceeds of sale of £100,000 New Zealand 4-per-oent. Inscribed Stock for redemption of Debentures 100,250 0 0 363,000 0 0 27,900 0 0 The Immigration and Public Works Loan Aot, 1870 — Debentures matured 15th April, 1913, redeemed Debentures matured 15th April, 1913, redeemed by renewal 390,900 0 0 1,142,577 16 10 Balance at end of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion In London Investment Aooount 596,100 14 6 11,006 2 10 15,000 0 0 10,000 0 0 39,505 10 7 60,155 17 9 695,762 2 10 1,178,583 19 8 !4,598,287 12 6 Totals £3,365,648 19 5

8.-6

12

Table No. 1—continued .

WELLINGTON-HUTT RAILWAY AND I 1913-1914. RECEIPTS. 1914-1915. _ i £ s. d. I Balance at beginning of Year, — £ s. d. £ s. d. 2,476 15 6 Cash in the Public Acoount ... .. .. .. .. .. .. 358 15 11 . Recoveries on account ol expenditure of previous years .. .. .. .. .. 1,800 0 0 The New Zealand Loans Act, 1908,— The Hutt Railway and Road Improvement Act, 1910— 2,000 0 0 ' Debentures issued .. .. .. .. .. .. ..I £4,476 15 6 j Totals .. .. .. .. .. .. .. £2,158 15 11 £2,158 15 11 THE RAILWAYS I £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 93 17 0 Cash in the Public Account .. .. .. .. .. .. .. 5,529 15 6 The New Zealand Loans Act, 1908,— The Government Railways Amendment Act, 1910— 15,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 5,000 0 0 Recoveries on account of expenditure of previous years .. .. .. .. 3,750 0 0 £45,093 17 0 Totals .. .. .. .. .. .. .. £14,279 15 6 £14,279 15 6 THE WAIHOU AND OHINEMURI £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 31,091 1 2 Cash in the Publio Account .. .. .. .. .. .. 25,287 6 9 60,000 0 0 Investment Account .. .. .. .. .. .. .. 60,000 0 0 85,287 6 9 Qi noi 1 o £ s. d. 31,091 1 2 60,000 0 0 £ s. d. 25,287 6 9 60,000 0 0 £ s. d. 85,287 6 9 91,091 1 a Contributions under the Waihou and Ohinemuri Rivers Improvement Act, 1910 (Section 17),— 1,111 6 8 Consolidated Fund .. .. .. .. .. .. .. 1,111 6 8 633 3 9 Gold-mining Companies .. .. .. .. .. .. .. 664 6 5 3,333 6 8 Gold Duty 1,775 13 1 5,077 17 1 91,091 1 2 1,111 6 8 633 3 9 3,333 6 8 1,111 6 8 664 6 5 1,775 13 1 5,077 17 1 2,250 0 0 Interest on Investments 2,250 0 0 £98,418 18 3 Totals .. .. .. .. .. .. .. £87,062 19 10 £98,418 18 3 £87,062 19 10 AID T> WATER- £ s. d. £ s. d. £ s. d. 14,990 16 G Balance at beginning of Year, — Oaish in the Public Account • • \ 37,162 16 1 165,000 0 0 The New Zealand Loans Act, 1908, — The Aid to Water-power Works Act, 1910 — Debentures issued 40,000 0 0 £179,990 16 6 Totals £77,162 16 1

13

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

ROAD IMPROVEMENT ACCOUNT. 1913-1914. EXPENDITURE. 1914-1915. £ s. d. £ s. d. £ s. d. Unauthorized Expenditure, Services not provided for 367 16 9 The New Zealand Loans Aot, 1908,— The Hutt Railway and Road Improvement Aot, 1910— Charges and Expenses ■ 0 3 6 4,117 19 7 Vote —Hutt Bailway and Road Improvement .. .. i Balance at end of Year, — 358 15 11 Cash in the Public Account £4,476 15 6 Totals 1,790 15 8 £2,158 15 11 IMPROVEMENTS ACCOUNT. IMPROVE ENTS ACCOUNT. £ s. d. £ s. d. Annual Appropriation,— 39,563 0 6 Vote 116—Railway Improvements .. £ s. d. 39,563 0 6 £ s. d. 9,022 17 3 The New Zealand Loans Act, 1908,— The Government Railways Amendment Act, 1910 — 110 Charges and Expenses 1 1 0 0 7 0 Balance at end of Year, — 5,529 15 6 Cash in the Public Account 5,529 15 6 5,256 11 3 £45,093 17 0 Totals £45,093 17 0 £14,279 15 6 RIVERS IMPROVEMENT ACCOUNT. £ s. d. Annual Appropriation,— 9,631 11 6 Vote 119—Waihou and Ohinemuri Rivers Improvement £ s. d. £ s. d. 10,004 7 11 3,500 0 0 Interest on Debentures 3,500 0 0 3,500 0 0 Balance at end of Year, — 25,287 6 9 Cash in the Public Account 60,000 0 0 Investment Account 13,558 11 11 60,000 0 0 73,558 11 11 25,287 6 9 60,000 0 0 tib,mi 6 y £98,418 18 3 Totals 85,287 6 9 £87,062 19 10 £98,418 18 3 POWER WORKS ACCOUNT. £ s. d. Annual i 142,826 12 5 Vote IS Annual Appropriation,— Vote No. 117 —Development of Water-power Appropriation,— No. 117—Develop 17 !Zfia.la.nrl Tinano £ s. a. £ s. d. 74,290 15 1 Tne iNew The Ai 18 0 Char The New Zealand Loans Act, 1908,— The Aid to Water-power Works Act, 1910— Charges and Expenses v Ziouia.ua ijoans . id to Water-powe: rges and Expense 0 14 0 Balance 37,162 16 1 Cash i Balance at end of Year, — Gash in the Public Aooount at end of Year,— in the Public Aoo 2,871 7 0 £179,990 16 6 Totals £77,162 16 1

B -6

14

Table No. 1— continued.

IRRIGATION AND 1913-1914. RECEIPTS. 1914-1915. £ a. d. Balanoe at beginning of Year, — £ s. d. £ a. d. 311 9 6 Cash in the Public Account .. .. .. .. .. .. .. 1,709 4 10 £ a. d. 311 9 6 £ a. d. 1,709 4 10 The New Zealand Loans Act, 1908,— Irrigation and Water-supply Act, 1913 — 35,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 35,100 0 0 35,000 0 0 35,100 0 0 Temporary transfer from Publio Works Fund, under Seotion 56, Public Revenues 10,000 0 0 Aot, 1910.. £45,311 9 6 Totals .. .. .. .. .. .. .. £36,809 4 10 10,000 0 0 £45,311 9 6 £36,809 4 10 STATEMENT of the RECEIPTS and EXPENDITURE of the CHEVIOT ESTATE ACCOUNT £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 23,879 1 3 Cash in the Public Account .. .. .. .. .. .. 37,148 7 5 50,000 0 0 Investment Account .. .. .. .. .. .. .. 50,000 0 0 £ s. d. 23,879 1 3 50,000 0 0 87,148 7 5 73 870 1 S va,«7y i 6 73,879 1 3 Receipts under the Land Aot, 1908, — 15,716 2 7 RentR from Lands.. .. .. .. .. .. .. .. 13,61112 11 Sales .. .. .. .. .. .. .. .. .. 40 0 0 15,716 2 7 13,651 12 11 Other Receipts,— 1,987 6 6 Interest on Securities held by Investment Account .. .. . ■ •■ .. 1,566 10 7 1,987 6 6 £91,582 10 4 £91,582 10 4 Totals .. .. .. .. •• •• .. £102,366 10 11 STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT 'S ACCOUNT £ s. d. £ s. d. ■ £ s. d. £ s. d. Balanoe at beginning of Year, — 47,672 0 4 Cash in the Public Acoount .. .. .. .. .. .. .. 64,297 6 11 64,297 6 11 * 20,488 0 0 286,100 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 20,488 0 0 Debentures Loan .. .. .. .. .. .. .. 2,912 0 0 Premium .. .. .. .. .. .. .. .. 117 0 0 Interest on overdue instalments .. .. .. .. .. .. 004 286,100 0 0 Debentures issued .. .. .. .. .. .. .. 122,200 0 0 Sonp issued .. .. .. .. .. .. .. .. 10,500 0 0 4-per-cent. Inscribed Stock created to cover expenses of raising loan, 1929 issue 349 3 8 • — 136,078 4 0 306,588 0 0 136,078 4 0 306,588 0 0 :i 354,260 0 4 Carried forward .. .. .. .. .. .. .. .. 200,375 10 11 354,260 0 4 200,3' 5 10 11

15

8.-6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

WATER-SUPPLY ACCOUNT. 1913-1914. EXPENDITURE. 1914-18 ■1915. 915. £ s. d. 1 Annual Appropriation, — £ a - d. 33,60114 2 Vote No. 118—Irrigation and Water-supply.. .. .. .. ... £ a. d. 32,088 10 3 £ s. d. 32,088 10 3 ; New Zealand Loans Act, 1908,— Irrigation and Water-supply Aot, 1913— 0 7 0 Charges and Expenses 14 6 14 6 Appropriation Aot, 1912— 0 3 6 Charges and ExpenseH Temporary transfer from Public Works Fund under Section 56, Public Revenues 10,000 0 0 Aot, 1910, now restored .. .. ;. •• •• ■• •• .. " Balance at end of Year, — 1,709 4 10 Cash in the Public Acoount £45,311 9 6 ' Totals .. .. ■• ■• •• •• •• 4,719 10 1 4,719 10 1 £36,809 4 10 £36,809 4 10 for the Year ended 31st March, 1915, compared with the inancial Year ended 31st March, 1914. I £ s. d. £ s. d. 4.433 1 3 Interest paid in reapect of Debentures issued .. .. .. ,. .. 13,299 3 9 118 Surveys, Boading, &c. 4.434 2 11 Balance at end of Year,— 37,148 7 5 Cash in the Public Account .. .. .. .. .. .. 34,067 7 2 50,000 0 0 Investment Account .. .. .. .. .. .. .. 55,000 0 0 £ s. d. 13,299 3 9 89,067 7 2 87,148 7 5 £91,582 10 4 Totals .. .. .. .. .. .. .. \i £102,366 10 11 £102,366 10 11 for the Year ended 31st March, 1915, compared with the Finanoial Year ended 31st March, 1914. Year ended 31st March, 1914. £ s. d. £ s. a. £ s. d. £ s. d. Annual Appropriations,— 4,568 1111 Vote 114—Land for Settlements Expenses £ s. d. £ s. d. £ s. d. £ s. d. 7,160 12 2 £ s. d. 7,160 12 2 Name of Estate, Purcnaee-inoney. Incidental Total. HlxponieBi Purcuaee-money. {£$»£ Total. Acquirement of Estates, and Expenses incidental thereto, — Adjoining Section 30231 .. .. .. .. 040 040 17 12 3 Airedale .. .. .. .. .. .. 33 13 5 33 13 5 81 13 1 Albury .. .. .. .. .. .. 75 8 2 75 8 2 36 6 10 Allanholm .. .. .. .. .. .. 23 18 8 23 18 8 111 15 6 Annan .. .. .. .. .. .. 107 11 3 107 11 3 Annandale .. .. .. .. .. .. 16 9 11 16 9 11 17 10 7 Aorangi .. .. .. .. .. .. 46 11 3 46 11 3 24 6 6 Ardgowan .. .. .. .. .. .. 41 6 9 41 6 9 88 433 15 5 Ardlussa .. .. .. • .. .. .. 790 2 4 790 2 4 66 13 11 Argyll .. .. .. .. .. 204 2 0 204 2 0 6 10 0 Ashley Gorge .. .. .. .. .. 462 462 943 18 8 Ashwiek .. .. .. .. .. .. 462 8 4 462 8 4 50 18 3 I Avenel .. .. .. .. .. .. 31 6 11 31 6 11 Avenel Extension .. .. .. .. .. 15 18 5 15 18 5 0 2 3 Aviemore .. .. .. .. .. ,. 046 046 13 14 2 Aylesbury .. .. .. .. .. ... 19 5 11 19 5 11 14,207 10 4 Balachraggau .. .. .. .. .. 287 8 9 287 8 9 17 8 7 Barnego .. .. .. .. .. .. 28 1 4 28 1 4 Bartholomew (Bartholomew, P.) .. .. 3,817 17 a .. 3,817 17 2 8 15 5 Beaumont .. .. .. .. .. .. 19 8 10 19 8 10 Bellamy (Buchanan, A., Mundell, J., Blaythwayt, H. deV. and C. P. J., Brook, J.) .." 16,612 11 1 7 8 6 16,619 19 7 48 7 2 Bickerstaffe .. .. .. .. .. 68 11 5 * 68 11 5 Blaythwayt's (Blaythwayt, H. de V.andC. P. J.) 500 0 0 11 5 0 511 5 0 21 0 9 Blind liiver .. .. .. .. .. 19 7 7 19 7 7 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 0 4 0 33 13 5 75 8 2 23 18 8 107 11 8 16 9 11 46 11 3 41 6 9 790 2 4 204 2 0 4 6 2 462 8 4 31 6 11 15 18 5 0 4 6 19 5 11 287 8 9 28 1 4 3,817 17 a 19 8 10 0 4 0 33 13 5 75 8 2 23 18 8 107 11 3 16 9 11 46 11 3 41 6 9 790 2 4 204 2 0 4 6 2 462 8 4 31 6 11 15 18 5 0 4 6 19 5 11 287 8 9 28 1 4 3,817 17 2 19 8 10 0 2 3 13 14 2 14,207 10 i 17 8 7 8 15 5 48* 7 2 16,612 11 1 7 8 6 68 11 5 500 0 0 11 5 0 19 7 7 16,619 19 7 • 68 11 5 511 5 0 19 7 7 21 0 9 49,107 19 8 Carried forward .. ... .. 20,930 8 3 2,314 9 5 23,244 17 8 20,930 8 8 2,314 9 5 23,244 17 8 7,160 12 2 7,160 12 2 49,107 19 8

8.—6

16

Table No. 1— continued.

1918-1914. RECEIPTS. 1914-1915. £ s. d. 354,260 0 4 £ s. d. £ s. d. 200,375 10 11 Brought forward 108 2 6 Receipts on account of oapital value of land under the Land Act, 1908, — ' Section 191 1,567 8 2 340,183 0 10 lieoeipts derived from Estates, — Rents, &e. Sales 310,992 0 3 121,604 1 0 432,596 1 3 340,183 0 10 135,664 6 11 Land Laws Amendment Act, 1912, Seotion 5, — Sale of Crown Lands 167,119 0 0 1,972 11 10 Interest on Securities held by Investment Account 1,803 11 0 Proceeds of Sale of Workers' Dwellings on Settlement Lands under Seotion 16 of the Workers'Dwellings Act, 1910 .. 3,576 17 10 3,901 8 2 9 5 7 Credits in reduotion, — Avenal Extension Makareao 30 15 10 30 15 10 9 5 7 Recoveries on account of Estates, — Sherenden Waihau 1 14 0 3 5 7 4 19 7 Amount received from the State Advanoes Office in terms of Seotion 89 of the New Zealand State-guaranteed Advances Act, 1909 163,877 12 0 50,000 0 0 Amount received from the State Advances Offioe, being part proceeds of loan obtained by High Commissioner, — For redemption of Debentures matured 1st April, 1913 3,000 0 0 Amount set aside for opening up Crown lands for Settlement in terms of Section 63 of the Land Laws Amendment Aot, 1913 1,052,981 2 9 * Carried forward .. .. .. • • • Carried forward . 807,069 5 0

3—B. 6.

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

17

1913-1914. EXPENDITURE. 1914-1915. £ s. d. 4,568 11 11 Brought forward £ s. d. £ s. d. £ s. d. it a. d 7,100 12 i 49,107 19 8 06 14 2 1 7 10 16 0 0 4 9 1 Name of Estate. Acquirement of Estates, and Expenses incidental thereto — continued. Bourndale Braoo Braeburn Buddo Cardrona Oarrington Chamberlain Olandeboye Olandeboye No. 2 .. Glandon Claremont Olareview .. Clydebank Conioal Hills Copland (Copland, A.) Cradock Culverden Douglas Drayton Dunoan Dyer Earnscleugh Eocleston No. 1 Eccleston No. 2 Edendale Elderslie Elderslie No. 2 Elsthorpe Epuni Epworfch Brmedale Falloon (Falloon, H.) Fenoourt Finlay Downs (Campbell, W. F.) Flaxbourne Forest Gate.. Fortifioation Hill .. Four Peaks Fyvie Glenham Glenmark (Trustees in estate of Mrs. Townend) Glentanner Greenfield .. Gwavas (Carlyon, A. 8. Q.) Hall-Jones Hatuma Hawtrey Heatherlea Hekeao Hetana Highbank Hikawera Hillborough (A. Copland) Hillersden Hornby Horsley Downs Howard Huinga Janefield Kaimahi Kanakanaia Kapua Kapuatohe Karapiro .. .. .. ■ Kauroo Hill Kereta Kinlooh Kitchener Kohatahi Kohika Kohika No. 2 Knowsley Park Kumeroa .. Kurow Purohase-nioney. Incidental Expenses. Total. 33 18 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 10 94 2 11 46 11 9 331 18 1 18 9 11 5 17 3 0 6 1 7 0 2 20,930 8 3 8,418 0 0 2,314 9 S 25 8 4 1 15 11 41 9 7 8 15 11 0 12 69 16 4 48 7 5 12 19 0 6 10 7 14 15 8 Gl 0 6 267 11 4 57 7 10 133 14 3 78 11 9 4 15 11 199 11 11 36 19 11 24 13 2 18 5 8 160 5 8 4 4 5 16 15 0 0 9 2 207 11 8 94 11 8 30 15 5 55 i 9 17 12 8 0 3 1 31 13 0 101 4 9 40 19 11 196 8 4 241 0 10 00 9 2 487 18 1 521 2 2 3 5 2 59 18 9 23,244 17 8 25 5 4 1 15 11 41 9 7 3 15 11 0 12 69 15 4 48 7 5 12 19 0 6 10 7 14 15 8 01 6 6 267 11 4 57 7 10 133 14 3 8,493 11 9 4 15 11 199 11 11 36 19 11 24 13 2 18 5 8 160 5 8 4 4 5 16 15 0 0 9 2 207 11 8 94 11 8 30 15 5 55 4 9 17 12 8 0 3 1 31 13 0 8,323 2 9 40 19 11 20,754 S 10 241 6 10 60 9 2 487 18 1 521 2 2 3 5 2 59 13 9 113,960 0 0 1 17 10 91 5 9 29,056 13 2 29 13 9 185 7 8 25 11 11 579 19 11 12 17 6 20 3 4 65 19 6 19 14 1 10,451 14 3 276 14 9 4 15 8 23 4 6 8,221 18 0 36 12 11 20,557 17 0 255 0 1 21 1 3 11,283 14 10 50 15 11 33 15 11 113,960" 0 0 2 9 10 45 15 9 1 17 10 91 6 9 423 8 0 29 13 9 185 7 8 25 11 11 579 19 11 12 17 0 20 3 4 65 19 6 19 14 1 82 2 5 276 14 9 4 15 8 23 4 6 28,633' 5 2 5 11 10 62 12 2 2 6 2 21,173 2 10 14 4 3 24 16 5 67 1 8 7 4 10 10,369'11 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 33 0 1 8 14 7 5 4 8 50 6 9 0 1 7 2 9 4 9 9 7 154 19 3 1 17 4 117 12 10 8 3 3 0 19 10 33 16 5 7 10 5 443 13 3 39 4 2 7 10 3 33 0 1 8 14 7 5 4 8 50 6 9 0 17 2 9 4 9 9 7 154 19 3 1 17 4 117 1U 10 8 3 3 0 19 10 33 16 5 7 16 5 443 13 3 39 4 2 7 10 3 32 3 5 7 16 4 19,162 6 10 13 1 10 4 12 9 287,382 5 8 Carried forward 211,088 0 9 8,527 14 5 219,615 15 2 7,160 12 2

8.—6.

18

Table No. 1— continued.

1918-1914. RECEIPTS. 1914 ■1915. £ s. d. 1,052,9.81 2 9 Brought forward £ s. d. £ s. d. 807,069 5 0 1,052,981 2 9 Carried forward 807,069 5 0

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

19

1913-1914. EXPENDITURE 191 k-1915. . I £ a. (1. 4,568 11 11 j Brought forward .. £ s. d. £ 8. d. £ s. a. £ s. d 7,160 12 S I Name of Estate. Purchase-mouey. Incidental Expenses. Total. Acquirement of Estates, atid Expenses incidental 287,382 5 8 i thereto— continued. 13 10 9 Ladbrook Lake 32 18 0 Langdale .. 30,061 10 Hi Lansdowne Lees Valley (Ensor, H., and Kudd, W. G. 44 12 9 j Lindsay 4 16 Linton 18 19 9 Longbush 19 0 8 Lyndon No. 1 57 2 9 Lyndon No. 2 42,714 16 8 ! Lynton Downs 40 3 8 Maerewhenua 12 5 7 : Mahora 16 12 3 Mahupuku 40 5 6 Makareao and extension 86 14 10 Manga-a-toro 9 7 7 Mangapouri 50 16 8 Mangatahi .. 10 7 0 Mangawhata 22 14 10 Mangawhero 25,742 5 1 I Maori Hill .. Maraweka 16 17 0 Marawiti .. 2 3 6 Matakanui 167 11 7 Matamata 2 10 6 Maungaraki 7 5 1 Maytown 22 7 7 Mead 10 12 9 Meadowbank 12 11 3 Meadows 11 9 10 Melling 16 18 6 Merrivale .. 9 2 3 Methuen .. 19 14 4 Mills 2 3 0 Momona 48 3 10 Morioe 423 15 4 Mount Nessing 87 6 0 Ngatapa 12 2 9 Normandale 8 11 3 Northbank 12 19 11 Ohakea 18,456 6 3 Olmuiti 6 0 5 Okauia 13 8 9 Omaka Omihi Valley 32 16 7 Opouriao .. 8 19 1 Orakipaoa .. 8 5 2 Otahu 4 19 9 Otaio 18 4 Otamatakuu .. .. .. 195 2 8 Otanamono 2 8 8 Otarakaro 56 13 6 Otekaike Oiway (Otway, L. H. and 0. 0.) 21 11 6 Papaka 5 5 2 Paparangi Parahi (Burch, W. J., H. W., and W. H., and Eddowes, W.) 8 16 3 Pareora No. 1 84 19 5 Pareora No. 2 Part Section 30791 .. 8 16 10 Patoa 2 11 4 Pawaho 4 5 3 Peaks .. .. .. Ill Pitt 18 1 Plumer 24 8 10 Plunket Poerua 14 11 5 Pomahaka.. 39,868 2 2 Poroporo .. 3 13 4 Pouparae 8 12 Pourerere 0 3 3 Prescot 211,088 0 9 24,873 0 8 8,527 14 5 22 6 1 1,361 8 1 51 3 2 398 9 2 35 8 9 135 15 8 10 2 4 30 3 5 19 0 1 41 6 4 70 5 3 80 0 4 36 7 11 54 1 2 107 10 0 14 1 7 107 12 9 36 16 9 24 15 8 1,152 9 1 1 17 6 15 19 0 4 7 0 256 12 5 7 12 10 5 12 10 22 8 2 65 9 4 16 1 5 134 19 10 45 19 8 24 12 2 20 6 1 4 6 0 45 7 3 56 6 0 137 11 1 23 0 10 10 0 4 35 4 4 1,636 16 11 6 8 7 13 7 4 0 10 0 32 2 8 8 11 0 12 2 10 5 0 2 0 18 9 820 7 9 2 10 10 114 19 11 32 18 10 21 15 1 11 11 7 219,615 15 2 22 6 1 1,361 3 1 51 3 2 398 a 2 24,908 9 5 135 15 8 10 2 4 30 3 5 19 0 1 41 6 4 70 5 3 80 0 4 36 7 11 54 1 2 107 10 0 14 1 7 107 12 9 36 16 9 24 15 8 1,152 9 1 1 17 6 15 19 0 4 7 0 ' 256 12 5 7 12 10 5 12 10 22 8 2 65 9 4 16 1 5 134 19 10 45 19 8 24 12 2 20 6 1 4 6 0 45 7 3 56 6 0 137 11 1 23 0 10 10 0 4 35 4 4 1,636 16 11 6 8 7 13 7 4 0 10 0 82 2 8 8 11 0 12 2 10 5 0 2 0 13 9 820 7 9 2 10 10' 114 19 11 15,036 0 9 21 15 1 11 11 7 15,008 1 11 14,449 5 0 9 8 10 83 19 2 0 4 7 8 16 11 2 8 5 4 6 2 16 0 5 11 7 48 17 9 0 10 6 25 17 1 3,706 18 8 30 19 1 39 10 4 0 9 9 14,449 5 0 9 8 10 83 19 2 0 4 7 8 16 11 2 8 5 4 6 2 16 0 5 11 7 48 17 9 0 10 6 25 17 1 3,706 IS 8 30 19 1 39 10" 4 0 9 9 446,058 17 0 Carried forward 265,413 8 4 19,934 9 2 285,347 17 6 7,160 12 2 446,058 17 0

8.—6.

20

Table No. 1— continued.

1913-1914 RECEIPTS. 1914 1915. [__ £ s. d. & a. d. 807,069 5 0 £ s. a. 1,052,991 2 9 Brought forward ,* Carried forward 1,052,981 2 9 807,069 5 0

21

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

1913-1914. EXPENDITURE. 1914-1915. £ s. d. 4,568 11 11 Brought forward £ a. d. £ a. d. £ a. d. £ a. A. 7,160 12 2 Name of Estate. Purohase-rooney. Incidental Expenses. Total. 446,058 17 0 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 8 4 5 11 2 19 10 2 4 0 28 13 3 4 4 2 Acquirement of Estates, and Expenses incidental thereto — continued. Puhipuhi Puhuka Puketapu Punaroa Raincliff Rainford Rakitairi Rangiatea .. Rapuwai Raumati Raureka Rautawiri .. Rewi Riohmond Brook Ringway Riverside (Scott, J. R. and G., and Bullook, G. B.) Roimata Roaebrook Rosewill Ruapuna No. 2 Rural Seotions Rugged Ridges Soargill Selwyn Sherenden Sherwood Downs .. .. .. Spotswood Springhill Starborough Steward St. Helens Stoke Strathmore.. Studholme Tablelands .. Tahawai Takitu Tamai Tara Tarawahi .. ... Tariki Taumata Tautari Tawaha Teanaraki TeArai Teasdale To Mata Te Matua .. Te Puke Tesehemaker (Tesohemaker, T.) Timaunga Timaunga Extension Tokaora Tokarahi Tomoana Tongoio Totara Tripp Valverde Waari Waddington Waiapi Waiarikiki Waihau Waikakahi Waimana Waimarie Waimate Waipapa Waipuka Waitakaruru Wangapeka.. Wharenui Whitehall .. 265,413 8 4 19,934 9 2 0 11 3 13 6 4 7 5 36 1 9 1 18 4 7 5 7 24 2 2 16 2 11 10 3 10 60 14 11 12 2 4 3 16 17 10 5 27 19 4 18 0 2 285,347 17 6 0 11 3 13 6 4 7 5 36 1 9 1 18 4 7 5 7 24 2 2 16 2 11 10 3 10 60 14 11 12 2 4 3 16 17 10 5 27 19 4 18 0 2 9,453 0 1 8 0 9 5 10 6 294 15 5 49 16 0 113 0 13 9 22 19 6 227 2 5 896 17 11 104 13 0 16 5 0 552 19 3 129 13 3 111 14 3 5 10 25 17 7 9 13 1 1 13 0 51 0 6 0 14 11 28 11 10 2 19 10 50 11 6 4 0 4 605 6 10 16 2 2 43 2 11 67 12 8 6 7 7 143 10 4 313 4 2 2 12 0 16 2 9 3 14 7 41,639 12 11 158 10 1 12 2 9 327 0 8 90 18 0 3 3 4 73 1 7 56 7 10 38 8 6 32 6 5 5 4 11 5 0 6 10 16 8 422 12 8 1,408 2 10 373 5 5 25 9 11 11 3 4 52 0 11 11 6 4 6 12 8 264 6 0 36 16 2 6 19 1 81 8 7 9,45a' 0 1 3 0 9 5 10 6 294 15 5 49 16 0 118 0 13 9 22 19 6 227 2 5 896 17 11 104 13 0 16 5 0 552 19 3 129 13 3 111 14 3 5 1 0 25 17 7 9 18 1 1 13 0 51 0 6 0 14 11 28 11 10 2 19 10 50 11 6 4 0 4 605 6 10 16 2 2 43 2 11 67 12 8 6 7 7 143 10 4 313 4 2 2 12 0 16 2 9 3 14 7 307 4 4 158 10 1 L2 2 9 327 0 8 90 18 0 3 3 4 73 1 7 56 7 10 38 8 6 32 6 5 5 4 11 5 0 6 10 16 8 422 12 8 1,408 2 10 373 5 5 25 9 11 11 3 4 52 0 11 11 6 4 6 12 8 264 6 0 36 16 2 6 19 1 31 8 7 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 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 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 41,332 8 7 192 9 0 43 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 18,511 12 2 2,718 3 4 420 6 5 23 4 11 4 5 10 581 7 6 11 3 4 2 4 3 1,604 19 9 10 4 4 4 11 7 8 3 7 581,418 2 8 Carried forward .. .. .. I I 316,198 17 0 27,761 5 11 343,960 2 11 7,160 12 2

8.-6.

22

Table No. 1— continued.

1913-1913-1914. -1914. i RECEIPTS. 1914■1915. & 1,052,98] & s. d. 1,052,981 2 9 s. d. ll 2 9 Brought forward £ s. d. & s. d. 807,069 5 0 31,052,981 2 9 Totals £807,069 5 0 07 } i D69 5

23

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914—continued.

1913-1914. EXPENDITURE. 1914 ■1915. £ s. d. 4,568 11 11 £ s. d. £ a. d. Brought forward .. .. ,. £ s. d. £ s. d. £ s. d £ s. d. 7,160 12 2 Name of Estate. Purchase-money. Incidental Expenses. Purchase-money. Incidental Expenses. Total. 581,418 2 8 24 11 8 5 18 0 6 0 0 345 17 1 18 9 10 9 17 1 Acquirement of Estates, and Kxpensea incidental thereto— continued. 316,198 17 0 27,761 5 11 Wigan .. .. .. .. .. .. 65 16 8 Wilford .. .. .. .. .. .. 2 19 3 Willows .. .. .. .. .. .. 18 0 11 Winchester .. .. .. .. .. .. 39 6 10 Windsor Park No. 1 .. .. .. .. .. 37 0 8 Windsor Park No. 2 .. .. .. .. .. 19 14 2 Wither Run (Trustees, Carter's estate) .. 40,487 12 4 239 19 0 316,198 17 0 27,761 5 11 65 16 8 2 19 3 18 0 11 39 6 10 37 0 8 19 14 2 239 19 0 343,960 2 11 65 16 8 2 19 3 18 0 11 39 6 10 37 0 8 19 14 2 40,727 11 4 40,487 12 4 581,828 16 4 Totals .. .. .. 356,686 9 4 28,184 3 6 350,686 9 4 28,184 3 8 384,870 12 9 The New Zealand Loans Act, 1908,— The Land for Settlements Aot, 1908— Debentures matured 1st February, 1915, redeemed 384,870 12 9 300 0 0 Land Laws Amendment Aot, 1913, — Charges and Kxpenses 497 9 0 247,689 4 10 Interest paid to Consolidated Fund in respeot of Debentures issued 270,966 5 11 15 17 2 Interest under subsection (8) of section 191 of the Land Act, 1908 8 7 7 18,500 0 0 Section 90 of the New Zealand State-guaranteed Advances Aot, 1909, — Interest 16,250 0 0 48,910 5 7 State Advances Act, 1913, — Sinking Fund under section 26 41,986 15 7 Land Laws Amendment Act, 1913, Seotion 63, — Amount transferred to Land for Settlements Account (Opening up Crown Lands for Settlement Account) 51,000 0 0 34,171 0 0 Land Laws Amendment Act, 1913, — Section 63 3,000 0 0 Amount advanoed in terms of seotion 63 of the Land Laws Amendment Aot, 1913, to be set aside for opening up Crown lands for settlement 50,000 0 0 The Land for Settlements Aot, 1908, the New Zealand State-guaranteed Advanoes Acts, 1909 and 1910, and the New Zealand Loans Aot, 1908,— Debentures matured 1st April, 1913, redeemed .. 64,297 f> 11 Balance at end of Year, — Cash in the Public Aocount 34,079 2 0 il,052,981 2 9 Totals £807,069 5 0

•8.—6

24

Table No. 1-continued.

1918-1914. RECEIPTS. 1914-1915. £ s. d. 9,630 13 11 Balance at beginning of Year, — , Cash in the Public Account Imprests outstanding— In the Dominion £ s. d. £ s. d. 121,888 12 5 2,205 8 11 9,630 13 11 ♦ 124,094 1 4 48,500 0 0 218,889 0 0 The New Zealand Loans Act, 1908,— Native Land Amendment Act, 1913— Debentures issued Instalments received in respeot of £250,000 4-per-oent. ten-years convertible Debenturu Loan Premium .. .. .. .. .. .. ,.. Interest on overdue instalments .. 4-per-cent. Inscribed Stock created to cover expenses of raising loan, 1929 issue 100,000 0 0 O1 1 1 1 A A 31,111 0 0 100,000 0 0 31,111 0 0 1,250 0 0 0 3 5 3,730 12 3 1,250 0 0 0 3 5 V O D Q 71(\ 1Q f> 3,730 152 3 136,091 15 8 267,389 0 0 Amount received in respect of Survey Liens 26,511 14 9 29,180 7 1 32,861 15 8 Rents, &c. 13,743 19 1 19,481 13 1 Land Sales 199 8 0 Repayments of Advances by Maori Land Boards under section 274, Native Land Act, 1909,— Principal Interest 578 7 1 1,662 19 7 97 16 3 355 3 9 r.78 7 1 l>7« V 1 1.(i62 19 7 J.,ODZ 19 I Amount transferred from Maori Land Settlement Account under section 27 of the Appropriation Act, 1913 2,241 6 8 453 0 0 3,844 0 11 1,115 18 3 Native Land Act, 1909— Section 379, subsoction (1) .. 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 £498,956 8 11 Totals £302,882 5 6 STATEME1 NT of the RECEIPTS AND EXPENDITURE of the OPENING UP CRO' VN LANDS I 'OR SETTLE- £ 8. d. Balance at beginning of Year, — Cash in the Public Account Imprests outstanding— In the Dominion £ s. d. I £ s. d. 7,905 11 4 44,588 11 6 2,498 19 7 696 15 10 45,285 7 4. 10,404 10 11 34,171 0 0 Land Laws Amendment Act, 1913, — Section 63 63,955 0 0 Amount received from the State Advances Office in terms of seotion 77 of the New Zealand State-guaranteed Advanoes Act, 1909 £108,530 10 11 Totals £45,285 7 4 £45,285 7 4 STATEMENT of the RECEIPTS and EXPENDITURE of the L ,AND FOR SE , TTLEMENTS i i £ s. d. Land Laws Amendment Act, 1913, — Amount set aside from Land for Settlements Account under section 63 £ s. a. J £ s. d. 51,000 0 0 Land Laws Amendment Act, 1913, — Revenue received under section 63 .. 8,998 7 7 Appropriation Aot, 1914, Section 24, — Transfer of Balance at credit of Opening up Crown Lands for Settlement Account 45,285 7 4 State Advances Amendment Act, 1914, section 3 5,134 5 11 Total £110,418 0 10

25

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the NATIVE LAND SETTLEMENT ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

4—B. 6.

1913-1914. EXPENDITURE. 1914-1915. £ s. d, 831 17 6 Annual Appropriation,— £ s. 3. . Vote 128—Native-land Purchase Expenses .. .. .. .. .. .. 1 a b. a. £ B. d. 1,548 16 9 280,490 15 7 Expenditure under the Aot .. .. .. .. .. .. . . .. 258 258,407 12 2 Interest paid to Consolidated Fund in respect of Debentures issued .. .. .. 1 1,055 0 9 20,039 14 6 Payment to the State Advances Office under section 95 of the New Zealand Stateguaranteed Advances Act, 1909, — Interest .. .. .. .. .. .. .. .. .. 19 19,735 7 4 New Zealand Loans Act, 1908, — Native Land Amendment Act, 1913— Charges and Expenses .. .. .. .. .. .. .. .. 4 4,981 13 2 Thermal Springs Districts Act, 1910,— Sections 10 and 11 .. .. .. .. .. .. .. .. 1 1,856 9 10 48,500 0 0 Native Land Amendment Act, 1913, — Seotion 113 25,000 0 0 Native Land Act, 1909,— Seotions 274 and 417 121,888 12 5 Balance at end of Year, — Cash in the Publio Account .. .. .. .. .. .. 15,199 18 9 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 97 6 9 15 15,199 18 9 15,297 5 6 2,205 8 11 97 6 9 124,094 1 4 £498,956 8 11 Totals .. .. .. .. .. .. i .. £302 £302,882 5 6 MENT ACCO JNT 'or the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914. £ s. d. Appropriation Act, 1914, Section 24, — Transfer to Land for Settlements Account (Opening up Crown Lands for Settlement Account) Vote —Roads to open up Crown Lands £ s. d. £ s. d. 63,245 3 7 45,285 7 4 44,588 11 6 Balance at end of Year, — Cash in the Publio Aooount Imprests outstanding— In the Dominion 696 15 10 45,285 7 4 Totals £108,530 10 11 £45,285 'I 4 CCOUNT (O lening up Crown Lands for Settlement) for the Year ended 31st Maboh, 1915. £ s. d. Annual Appropriation—■ Vote 115 —Roads to open up Lands for Settlement £ s. d. £ s. d. 92,975 4 9 Refund part of Advance under Section 77 of the New Zealand State-guaranteed Advances Act, 1909, Whakamarina Block (transferred from Opening up Crown Lands for Settlement Account) 1,253 13 9 Balance at end of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion 16,138 1 1 16,189 2 4 51 1 3 Total £110,418 0 10

8.—6

26

Table No. 1 —continued.

1913-1914. RECEIPTS. 1914-1915. £ s. d. 14,060 13 2 Balance at beginning of Year, — Cash in the Public Account Advances in the hands of Stock Agents— Cash £ s. d. 7,105 3 2 £ s. d. 901 8 2 795 8 6 7,900 11 8 14,962 1 4 1,874,661 0 0 3,018,384 0 0 The New Zealand Loans Act, 1908, — 4-per-cent. Inscribed Stock, 1943-63 issue— Issued for conversion on acoount of— £3,500,000 Loan £4,500,000 Loan £250,000 Scrip issued under the Aid to Public Works and Land Settlement Act, 1914 .. 77,164 0 0 1,571,616 0 0 257,250 0 0 1,906,030 0 0 4,893,045 0 0 4-per-oent. Inscribed Stock, 1929 issue— Issued for expenses of conversion 35,349 0 4 Issued for expenses of conversion, being amounts in excess of that required to close — £3,000,000 Loan £3,500,000 Loan 3,938 3 0 3,224 1 8 7,162 4 8 £4,915,169 6 0 Totals £1,949,279 12 C £1,949,279 12 0 STATEMENT of the RECEIPTS and EXPENDITURE of the WA! 1913-1914. RECEIPTS. 1914 1915. £ s. d. £ s. a. £ s. d. The Public Revenues Amendment Act, 1914, Section 8, — Treasury Bills issued 2,000,000 0 0 Advances on seourity and proceeds of Treasury Bills as per contra 1,100,000 0 0 Advance on the security of Reserve Fund Securities 300,000 0 0 Contributions, &c, reoeived towards War Expenses Fund 159,137 7 9 The Publio Revenues Act, 1910, Seotion 56, — Temporary transfer to the Public Works Fund, now restored .. 50,000 0 0 Total £3,609,137 7 9

27

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONVERSION ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

1913-1914. EXPENDITURE. 1914-1915. £ s. d. Amount converted. £ Kate. Premium. £ s. d. £ s. d. 202,000 0 0 118,877 0 0 55,800 0 0 101,000 0 0 1,238,260 0 0 213,384 0 0 101,000 0 0 ,Scrip and Debentures converted into 4-percent, converted. Inscribed Stock, 1943-63 issue,— £ £ 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 Public Works and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Act, 1911 Aid to Publio Works and Land Settlement Act, 1913 .. .. .. .. .. 1,540,800 ' 102 Aid to Public Works and Land Settlement Act, 1914 .. .. .. .. .. 245,000 I 105 Government Advances to Settlers Act, 1908 New Zealand State-guaranteed Advances Act, 1909-10,— Advances to Settlers .. .. .. 76,400 101 State Advances Act, 1913, — Advances to Settlers Advances to Workers Looal 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 Aot, 1909 1.8R2.200 1,540,800 245,000 £ 102 105 £ 30,816 12,250 t 30, 12, 13. num. £ ',816 ,250 764 .830 661,054 0 0 76,400 101 764 255,000 0 0 255,000 0 0 510,000 0 0 11,016 0 0 76,500 0 0 373,116 0 0 23,868 0 0 255,000 0 0 442,170 0 0 1,862,200 43,830 4,893,045 0 0 17 19 6 68 18 5 13,593 2 8 543 13 9 j., aoz , auu ! Expenses Account, — Brokerage and Commission Disoount Stamp Duty Bent and Office Expenses 13, ,H3U 89 1 5 132 11 2 33,152 4 6 528 17 8 1,906,030 0 0 1,906,030 0 0 33,902 14 9 14,223 14 4 7,105 3 2 Balance at end of Year, — Cash in the Public Account Advances in the hands of Stock Agenta— Cash 8,232 8 5 795 8 6 1,114 8 10 9,346 17 3 7,900 11 8 Totals £4,915,169 6 0 £1,949,279 12 0 EXPENSES i CCOUNT for the Year ended 31st March, 1915. 1913-1914. EXPENDITURE. 1914-1915. £ s. d. Expenditure under the Public Bevenues Amendment Aot, 1914, Section 8 Appropriation Act, 1914, Section 25 The Publio Revenues Act, 1910, Section 56,— Temporary Transfer to the Public Works Fund The Publio Revenues Amendment Act, 1914, Section 8, — Treasury Bills redeemed Advances repaid £ s. d. £ e. d. 2,151,835 15 10 20,000 0 0 50,000 0 0 400,000 0 0 700,000 0 0 1,100,000 % 0 Balance at end of Year,— Cash in the Public Account Imprests outstanding— In the Dominion In London 4,563 13 0 43,611 18 9 239,126 0 2 287,301 11 11 Total £3,609,137 7 9 Addit Note.— passed by the Cor ihe Audit Office.—: -The appropriation for the War Expenses Account as provided by law has be< itroller and Auditor-General on the undertaking of the Government to introduci 1. 3. C. in exceeded. Thi a validating legislj is excess has beei ation to indemnif'

8.—6

28

Table No. 1—continued.

1913-1914. RECEIPTS. 1914-1915. •1915. £ s. d. 2,778 5 1 Balance at beginning of Year, — £ s. d. £ a. d Gash in the Publio Account .. .. .. .. .. .. .. 4,445 1 7 £ a. d. 4,445 1 7 The New Zealand Loans Act, 1908,— Hauraki Plains Amendment Act, 1913— Debentures issued .. .. .. .. .. .. .. .. 9,000 0 C 9,000 0 0 5,000 0 0 757 10 0 659 2 5 6,718 2 3 Receipts under Section 5 of the Hauraki Plains Act, 1908, — Rents .. .. .. .. .. .. .. .. .. 9,954 17 11 Land Sales .. .. .. .. .. .. .. .. 244 8 6 Miscellaneous .. .. .. .. .. .. .. ! 249 12 6 Perpetual Leases .. .. .. .. .. .. .. | IA A Ad 1C 11 10,448 18 11 10,448 18 1] 8,134 14 8 State Advances Amendment Act, 1914, section 3 .. .. .. .. .. 771 9 2 771 9 2 10,000 0 0 Amount received from the State Advances Office in terms of seotion 84 of the New Zealand State-guaranteed Advanoes Act, 1909 Totals .. .. .. .. .. .. .. £24,665 9 6 £24,665 9 8 £25,912 19 9 £_ STATEMENT of the RECEIPTS and EXPENDITURE of the NATIONAL ENDOWMEN £ s. d. £ s. d. £ s. d Balance at beginning of Year, — Cash in the Public Aooount .. .. .. .. .. .. .. 80,486 15 C £ s. d. £ e. d. 73,841 12 5 80,486 15 0 88,235 4 10 Rents, &c, from National Endowment Lands .. .. .. .. .. .. 105,638 18 f 105,638 18 5 Totals .. .. .. .. .. .. .. £186,125 13 £ £162,076 17 3 £186,125 13 5 STATEMENT of the RECEIPTS and EXPENDITURE of the WORKERS' DWELLING WORKERS' DWELLING £ s. d. 2,958 8 3 Balance at end of Year, — Gash in the Public Acoount £ s. d. £ s. d. 6,631 6 11 3,672 18 8 Proceeds of sale of Workers' Dwellings under seotion 16 of the Workers' Dwellings Act, 1910 3,278 1 8 £6,631 6 11 Totals £9,909 8 7 STATEMENT of the RECEIPTS and EXPENDITURE if the MININ £ s. d. Balance at beginning of Year, — Cash in the Public Acoount .. .. .. £ s. d. £ s. d. 910 3 6 The New Zealand Loans Act, 1908,— Mining Amendment Act, 1913— Debentures issued 8,000 0 0 + Interest on Advances 499 14 1 8,320 0 0 66 6 7 Subsection (4), Seotion 4, Mining Amendment Aot, 1913, — Amount received from the State Advances Offioe — Being balance of £10,000 raised for the Teviot-Molyneux Gold-mining Company under section 88 of the New Zealand State-guaranteed Advances Act, 1909 Being balanoe at credit of Profit and Loss Acoount Totals .. .. .. .. ■ .. £8,386 6 7 £9,409 17 7

29

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the HAURAKI PLAINS SETTLEMENT ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

1913-1914. EXPENDITURE. 1914-1915. 18,992 18 7 •> Expenditure under the Act .. £ s. d. 18,992 18 7 £ s. d. £ s. d. 16,608 12 7 Interest paid to Consolidated Fund in respect of Debentures issued 353 0 9 j Payment of Principal and Interest under section 84 of the New Zealand State2,474 16 1 j guaranteed Advanoes Act, 1909 2,474 16 1 S.437 10 0 The New Zealand Loans Aot, 1908,— Hauraki Plains Amendment Act, 1913— 0 3 6 Charges and Expenses 0 3 6 0 7 0 Balanoe at end of Year, — 4,445 1 7 Cash in the Public Account 4,445 1 7 4,265 19 4 £25,912 19 9 Totals £25,912 19 9 £24,665 9 8 .CCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914. S, s. d. Annual Appropriation,— £ s. d. £ s. 4,28115 1 Vote 120—Roads to open up National Endowment Lands .. .. .. .. 9,150 13 77,308 7 2 Expenditure under the Land Aot, 1908 .., .. .. .. .. .. 84,320 2 £ s. d. £ s. d. 9,150 13 8 84,320 2 5 Balanoe at end of Year, — 80,486 15 0 Cash in the Publio Aooount .. .. .. .. .. .. 65,854 17 4 Investment Aooount .. .. .. .. .. .. .. 26,800 0 0 92,654 17 £162,076 17 3 Totals .. .. .. .. .. .. .. £186,125 13 65,854 17 4 26,800 0 0 92,654 17 4 £186,125 13 5 ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st Mabch, 1914. £ s. d. £ s. d. £ s. £ s. d. Balance at end of Year— 6,631 6 11 Cash in the Public Account .. .. .. .. .. .. .. 9,909 8 9,909 8 7 £6,631 6 11 Totals .. .. .. .. .. .. .. £9,909 8 £9,909 8 7 ADVANCES ACCOUNT for the Year ended 31st Mabch, 1915, compared with the Financial Year ended 31st March, 1914. DVANCES CCOUNT for the Year ended 31st Mabch, 1915, compared with the Financii £ s. d. 5,478 3 1 1,898 0 0 Advances, — Teviot-Molyneux Gold-mining Company Koss Goldfields Reconstructed (Limited) Waihi Beefs Gigantic Consolidation (Limited) £ s. d. 2,506 12 5 4,434 16 11 1,850 0 0 £ s. d. 8,791 9 4 7,376 3 1 Interest paid to Consolidated Fund in respect of Debenture issued 82 3 10 The New Zealand Loans Act, 1908, — Mining Amendment Aot, 1913— Charges and Expenses 0 10 6 100 0 0 State Advances Aot, 1913, Section 26, — Sinking fund 100 0 0 910 3 6 Balance at end of Year, — Cash in the Public Aocount 435 13 11 Totals £9,409 17 7 £8,386 6 7

8.—6

30

Table No. 1— continued.

1913-1914. RECEIPTS. 1914 1915. £ s. d. 537,997 0 0 Balance at beginning of Year, — Cash in the Publio Account - Investment Account £ s. d. 557 0 0 £75,000 0 0 £ s. d. 875,557 0 0 537,997 0 0 The New Zealand Loans Aot, 1908,— State Advances Act, 1913, — Advances to Settlers Branoh— Debentures issued .. .. .. .. Instalments received in respect of £250,000 4-per-eent. ten-years convertible Debenture Loan Premium Interest on overdue instalments 573,200 0 0 218,889 0 0 31,111 0 0 1,250 0 0 0 3 5 218,889 0 0 Advanoes to Workers Branch— Debentures issued Instalments received in respect of £250,000 4-per-cent. ten-years convertible Debenture Loan Premium Interest on overdue instalments 50,000 0 0 31,111 0 0 1,250 0 0 0 3 5 437,779 0 0 Local Authorities Branch— Debentures issued Instalments received in respeot of £500,000 4-per-cent. ten-years convertible Debenture Loan Premium Interest on overdue instalments 200,000 0 0 62,221 0 0 2,500 0 0 0 6 10 875,557 0 0 952,643 13 8 8,737 9 2 6,553 1 10 15,290 11 0 17,474 18 3 4-per-eont. Insoribed Stock created to cover expenses of raising Loan (1929 issue) — Advances to Settlers Branoh Advances to Workers Branch Land for Settlements Branoh Local Authorities Branoh 3,730 12 3 3,730 12 3 14,922 9 0 7,461 4 6 125,000 0 0 48,056 0 3 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 62,382 0 0 0 6 5 187,382 6 5 46,787 0 0 0 5 0 Advanoes to Workers Branoh— Instalments received in respect of £150,000 4-per-cent. Stock Loan, 1943-63 issue Interest on overdue instalments 46,787 5 0 100,000 0 0 Land for Settlements Branoh— 4-per-cent. Inscribed Stock oreated and issued, 1943-63 issue Instalments received in respeot of £300,000 4-per-cent. Stock Loan, 1943-63 issue .. .. .. .. .. .. Interest on overdue instalments 93,573 0 0 0 11 5 I 193,573 11 5 « 124,764 0 0 0 12 10 75,000 0 0 Local Authorities Branch— Instalments received in respect of £400,000 4-per-oent. Stock Loan, 1943-63 issue Interest on overdue instalments 4-per-cent. Insoribed Stock created and issued, 1943-63 issue 199,764 12 10 1,666 13 4 1,250 0 0 2,916 13 4 3,333 6 8 9,166 13 4 3£-per-cent. Inscribed Stock oreated to cover expenses of raising Loan— Advanoes to Settlers Branoh Advanoes to Workers Branoh Land for Settlements Branoh Local Authorities Branch Totals £2,098,284 9 3 £1,813,123 2 8

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the STATE ADVANCES LOAN ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

31

1913-1914. EXPENDITURE. EXPENDITURE. 1914-1915. £ s. d. I £ s. d. £ s. d. 263,343 1 0 150,000 0 0 273,877 12 0 474,155 15 0 Amounts paid over to the State Advances Office Account on account of Loan, — Advances to Settlers Branch Advances to Workers Branch Land for Settlements Branoh Local Authorities Branch 550,000 0 0 300,000 0 0 200,000 0 0 : 1,050,000 0 0 1,161,376 8 0 The New Zealand Loans Act, 1908,--State Advances Act, 1913— Charges and Expenses— Advances to Settlers Branoh Advances to Workers Branch Advances to Local Authorities Branch 4,980 15 8 4,980 15 8 9,961 11 i 19,923 2 8 12,061 7 11 7,803 6 10 19,833 3 9 21,653 2 9 The New Zealand State-guaranteed Advances Acts, 1909 and 1910, — Charges and Expenses authorized by the New Zealand Loans Aot, 1908— On issue of Debentures and Siock— Advances to Settlers Branoh Advances to Workers Branch Land for Settlements Branch Local Authorities Branch 61,351 1 3 Balance at end of Year, — Cash in the Public Account Investment Aooount 773,200 0 0 557 0 0 875,000 0 0 875,557 0 0 773,200 0 0 773,200 0 0 Totals £1,843,123 2 8 !2, 098,284 9 3 Totals £1,843,123 2 8

8.—6

32

Table No. 1— continued.

1913-19H. 1913-19H. RECEIPTS, 1914 191' 1915. £ s. d. £ s. d. £ 8. d. Balance at beginning of Year, — 7,914 8 2 Cash in the Publio Account .. .. .. .. .. .. 1,835 13 10 Imprests outstanding— 1,G84 6 3 In the Dominion £ 8. d. £ s. d. 7,914 8 2 1,835 13 10 1,684 6 3 1,835 13 10 9,598 14 5 The New Zealand Loans Act, 1908,— Rangitaiki Land Drainage Amendment Acts, 1913 and 1914— Debentures issued Rangitaiki Land Drainage Amendment Act, 1913 — 5,000 0 0 Debenture issued 110 2 11 Receipts under the Rangitaiki Land Drainage Act, 1910 State Advances Amendment Aot, 1914, Section 3 9,598 14 5 12,000 0 0 5,000 0 0 110 2 11 5,000 0 0 79 14 8 105 12 6 Advances received from the State Advances Offioe under Section 5 of the 5,000 0 0 Rangitaiki Land Drainage Act, 1910 5,000 0 0 £19,708 17 4 £19,708 17 4 Totals £19,021 1 0 STATEMENT of the RECEIPTS and EXPENDITURE of the BANK OF NEW ZEALAND AC stat: EALAND ACTS, 1903 ai £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — 500,000 0 0 Investment Account & s. d. £ s. d. 500,000 0 0 500,000 0 0 Bank of New Zealand Act, 1913, Seotion 6,— 4-percent. Inscribed Stook, 1943-63 issue, created and issued to Bank of New Zealand 375,000 0 0 £500,000 0 0 £00,000 0 0 Totals £875,000 0 0 STATEMENT of the RECEIPTS and EXPENDITUEE of the RESERVE FU1 ESERVE FUND ACCOXJNT — — — — —— —' —- m- ™~_ __ „, ____ w_ —- — - — —- — ™ - '■' - it " " " " " w *>"■ m* -*■ £ s. d. £ s. d. £ s. d. £ s. d. Balance at beginning of Year, — 800,000 0 0 Investment Account 800,000 0 0 2800,000 0 0 Totals £800,000 0 0 £800,000 0 0 ~ I STATEMENT of the RECEIPTS and EXPENDITURE of the NEW ZEALAND CONSO] .S ACCOUNT £ s. d. • £ s. d. Balanoe at beginning of Year, — 6 14 0 Cash in Deposit Account .. .. .. .. .. .. 106 14 0 475,885 0 0 Investment Account .. .. ., ., .. .. .. 475,885 0 0 4-75.891 14 0 £ s. d. £ 8. d. 6 14 0 475,885 0 0 475,991 14 0 r/o,ttu± 14 u 100 0 0 Deposits inscribed 475,891 14 0 100 0 0 £475,991 14 0 2475,991 14 0 Totals £475,991 14 0 STATEMENT of the RECEIPTS and EXPENDITURE of the KAURI- £ b. d. , £ s. d. The New Zealand Loans Act, 1908,— Kauri-gum Industry Act, 1914— Debentures issued £ s. d. 14,000 0 0 £14,000 0 0 Total .. .. .. .. .. .. I

33

B.— 6

STATEMENT of the RECEIPTS and EXPENDITURE of the RANGITAIKI LAND DRAINAGE ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

5~8. 6.

1913-1914. EXPENDITURE. 1914-1! 1913-1914. 191 t-1915. 1915. £ a. d. 17,873 3 6 £ s. d. £ s. d. 15,572 1 6 £ a. d. S, s. d. 17,873 3 6 Expenditure under the Aot .. £ s. d. 15,572 1 6 Interest paid to Consolidated Fund in respect of Debentures issued 417 10 8 417 10 8 New Zealand Loans Act, 1908, — liangitaiki Land Drainage Amendment Acts, 1913 and 1914 — Charges and Expenses •0 10 6 •0 10 6 Balance at end of Year, — 1,883 18 10 Cash in the Public Account 1,835 18 10 3,030 18 4 3,030 18 4 £19,708 17 4 Totals £19,021 1 0 £19,021 1 0 £19,708 17 4 1913, ACCOUNT lor the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914. £ s. d. £ s. d. RoIquixi af pYiri nf Vno.r — £ s. d. £ s. d. £ s. d. £ s. d. Balance at end ol year,— 500,000 0 0 Investment Account .. 500,000 0 0 Balance at end of Year,— Investment Account .. .. .. .. .. .. .. .. 875,000 0 0 875,000 0 0 £500,000 0 0 Totals .. .. .. .. .. .. .. £875,000 0 0 £875,000 0 0 for the Year endei 1 31st Mabch 1915, compared with the Financial Year ended 31st March, 1914. £ s. d. £ s. d. J £ s. d. 800,000 0 0 Balance at end of Year, — Investment Account .. .. .. .. .. .. .. .. 800,000 0 0 £800,000 0 0 Totals .. .. .. .. .. ,. .. £800,000 0 0 id 31st Mabch, 1915, compared with the Financial Year ended 31st Maeqh, 1914. for the Year end< I £ s. d. £ s. d. i s. d. k s. d. 106 14 0 475,885 0 0 Balance at end of Year,— Cash in Deposit Account .. .. .. .. .. '.. .. 106 14 0 Investment Account .. .. .. .. .. .. .. 475,885 0 0 475,991 14 0 475,991 14 0 475,991 14 0 Totals .. .. .. .. .. .. .. £475,991 11 0 £475,991 14 0 £475,91)1 14 0 CRY ACCOUNT for the Year ending 31st Mabch, 1915. UM INDUS'] ' ' £ s. d. £ s. d. £ e. d. £ «. a. 4 ,992 10 4 Expenditure under the Act .. .. .. .. .. .. .. .. 1,992 10 4 New Zealand Loans Act, 1908, — Kauri-gum Industry Act, 1914— Charges and Expenses .. .. .. .. .. .. .. . • 0 3 6 0 3 6 Balance at end of Year, — Cash in the Public Account .. .. .. .. .. .. 8,978 10 2 Imprests outstanding— , In the Dominion .. .. .. .. .. .. .. 28 16 0 9,007 f> 2 Total .. .. .. .. .. .. .. £14,000 0 0 9,007 f> i £14,000 0 0

8.—6

34

Table No. 1— continued.

1913-1914. RECEIPTS. 1914-1915. I £ s. d. Balance at beginning of Year, — Cash in tho Public Account Investment Account £ s. d. £ s. d. 37,690 10 7 . 4,748,400 0 0 — . . . . 4,786,090 10 7 Debentures issued for redemption of Debentures, — The New Zealand Loans Act, 1908— Land for Settlements Act, 1908—■ Due 1st January, 1915 Due 1st February, 1915 .. :. Due 1st March, ,1915 Aid to Public Works and Land Settlement Act, 1914, due 31st December. 1918 4,576 0 0 172,640 0 0 10,000 0 0 100,000 0 o Temporary Advance for Redemption of Debentures, — The New Zealand Loans Act, 1908— Finance Aot, 1909, due 1st April, 191.5 — ! 267,215 0 0 287,400 0 0 The New Zealand Loans Act, 1908, — ,£3,250,000 Loan raised for redemptions— The Now Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers Branch, due 1st December, 1914 .. .. Advancos to Settlors Branch, duo 31st December, 1914 .. .. Advances to Workers Branoh, due 81st December, 1914 .. .. Aid to Public Works and Land Settlement Act, 1910, due 31st December, 1914 Naval Defence Act, 1909, due 31st December, 1914 .. .. Land for Settlements Act, 1908, due 1st January, 1915 70,000 0 0 ! 1,675,000 0 0 325,000 0 0 189,100 0 0 953,500 0 0 37,400 0 0 ,250,000 0 0 New Zealand Loans Act, 1908,- — £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 Aot, 1908, due*30th June, 1914 .. .. 75,000 Land for Settlements Act, 1908, due 30th Juno, 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* 1,292,844 0 0 * Instalments Premium 183,756 0 0 7,383 0 0 I 191,189 0 0 1,292,844 0 0 Interest on ovoidue instalments 10 4 18,000 0 0 4-per-cent Inscribed Stock, 1929 Issue— Created for expenses of redemptions Created for expenses of raising £1,476,600 Loan Created for redemption of debentures, New Zealand Loan Act, 1863. . ■ ■ • Created for redemption of £17,500 debentures due 15th January, 1914, under the Government Advances to Settlers Act, J 908 Created for redemption of debentures due 1st July, 1914, under the New Zealand State-guaranteed Advances Acts, 1909 and 1910 (Ad varices to Settlers) Created for part charges and expenses of £3,500,000 Loan , .. Created for balance charges and expenses of £3,500,000 Loan I 5,050 0 0 22,034 9 4 12,450 0 0 100,000 0 0 100,000 0 0 27,450 18 4 39,534 9 4 245,450 18 4 4-per-cent. Inscribed Stock, 1943-63 issue, created for expenses of redemptions .. 5,000 0 0 Debentures issued in renewal, — New Zealand Loans Act, 1908— General Purposes Loan Act, 1873 — Due 28th November, 1914, renewed to 28thJNovember,|] 919 Consolidated Stock Act, 1884— Duo 31st December, 1914, renewed to 31st December, 1919 Aid to Public Works and Land Settlement Act, 1907 — Duo 1st January, 1915, renewed to 1st January, 1920 Land Laws Amendment Act, 1913, and Land for Settlements Act, 1908 — Due 1st January, 1915, renewed to 1st January, 1920 Due 1st February, 1915, renewed to 1st February, 1920 .. Due, 1st February, 1915, renewed to 1st February, 191 (i Local Bodies' Loans Act, 1908 — Matured 1st March, 1915, renewed to 1st March, 1920 .. .. Matured 1st September, 1.914, renewed to 1st September, 1919 .. . . j Land for Settlements Act, 1908— Due 1st February, 1915, renewod to 1st February, 1920 .. .. .. j Government Railways Aot, 1908— Due 1st March, 1915, renewed to 1st March, 1920 ... .. Government Railways Act, 1908, and Finance Act, 1909— Due 1st March, 1915, renewed to 1st Maroh, 1920 .. .. 54,700 0 0 385,500 0 0 5,800 0 0 40,500 0 0 135,550 0 0 4,500 0 0 250,000 0 0 250,300 0 0 4,800 0 0 1,600 0 0 1,200 0 0 1,538,294 18 4 Carried forward 1,134,450 0 0 8,796,380 0 3

35

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March, 1914.

1913-1914. EXPENDITURE. 191* •1915. £ s. d. Debentures Redeemed, — New Zealand Loans Act, 1908 — Canterbury Loan Ordinance, 1862, due 2nd January, 1915 .. New Zealand Loan Act, 1863, due 15th July, 1914 General Purposes Loan Act, 1873, due 15th May, 1914 Government Railways Act, 1908 (Railways Improvement Authorization Aot, 1904), due 30th June, 1914 Land for Settlements Act, 1908, due 30th June, 1914 Land for Settlements Aot, 1908, due let July, 191 4 Land for Settlements Act, 1908, due 1st January, 1915 Land for Settlements Act, 1908, due 1st February, 1915 Land for Settlements Act, 1908, due let March, I 916 Naval Dofence Aot, 1909, due 1st July, 1914 Naval Defence Act, 1909, due 31st December, 1914 New Zealand State-guaranteed Advances Acts, 1900-10— Advances to Settlers Branch, due 1st July, 1914 Advances to Settlers Branch, due 1st December, 1914 Advances to Settlers Branch, duo 31st December, I 914 Advances to Workers Branch, due 1st July, H) I J .. .. . ,, Advances to Workers Branch, duo 30th June, 1(11! Advances to Workers Branch, due 31st December, 1914 Land for Settlements Branch, due 1st July, 1914 Aid to Public Works and Land Settlement Act, 1900, due 1st July, 1914 Aid to Public Works and Land Settlement Act, 1901, duo 1st July, 1914 Aid to Public Works and Land Settlement Act, 1903, due 30th June, 1914 Aid to Public Works and Land Settlement Act, J 903, due 1st July, 1914Aid to Public Works and Land Settlement Act, 1904, due 1st July, 1914 Aid to Public Works and Land Settlement Act, 1908, due 1st July, 1914 Aid to Public Works and Land Settlement Act, 1910, due 31st December, 1914 Aid to Public Works and Land Settlement Act, 1911, due 1st July, 1914 Aid to Public Works and Land Settlement Act, 1914, due 31st December, 1915 Aid to Public Works and Land Settlement Aot, 1908, due 13thNovember, 1913 Government Advances to Settlers Aot, 1908, due 13th November, 1913 Government Advances to Settlors Act, 1908, due 15th January, 1914 Dairy Industry Act, 1908, due 1st August, 1915, £438; and 1st January, 1916, £1,343 £ s. d. £ s. a. 12,45o' 0 0 10,800 0 0 75,000 0 0 281,500 0 0 84,300 0 0 41,975 0 0 172,640 0 0 10,000 0 0 433,500 0 0 953,500 0 0 867,300 0 0 70,000 0 0 1,675,000 0 0 750,000 0 0 100,000 0 0 325,000 0 0 210,000 0 0 I 200,000 0 0 117,700 0 0 25,000 0 0 30,000 0 0 565,500 0 0 100,000 0 0 1.89,100 U 0 1,226,000 0 0 100,000 0 0 \ 100,000 0 0 100,000 0 0 17,500 0 0 1,781 0 0 8,626,265 0 0 219,281 0 0 « Debentures Redeemed by Renewal, — New Zealand Loans Act, 1908— General Purposes Loan Act, 1873— Matured 28th November, 1914 Consolidated Stock Act, 1884— Matured 31st December, 1914 Aid to Public Works and Land Settlement Act, 1907 — Matured 1st January, 1915 Land Laws Amendment Act, 191 3 (Land for Settlements Act, 1908) — Matured 1st January, 1.915 Matured 1st February, 1915 .. Local Bodies' Loans Aot, 1908 — Matured 1st March, 1915 Government Loans to Local Bodies Aot, J 886— Matured 1st September, 1914.. Government Railways Act, 1908 —■ Matured 1st March, 1915 Government Railways Act, 1908, and Finance Act, 1909— Matured 1st March, 1915 Land for Settlements Act, 1908 —- Matured 1st February, 1915 Aid to Public Works and Land Settlement Act, 1911 — Matured. 31st March, 1915 Matured 31st March, 1914 Government Advances to Settlers Act, 1906— Matured 1st January, 1914 54,700 0 0 385,500 0 0 5,800 0 0 40,500 0 0 140,050 0 0 250,000 0 (I 250,300 0 0 1,600 0 0 1,200 0 0 4,800 0 0 1,184,450 0 0 50,000 0 0 50,000 0 0 .12,900 0 0 7,492 15 B • 4,409 10 0 1,123 18 5 21,185 IS 8 3,997 7 H 285 12 7 45,930 12 i) +53 9 8 62,900 0 0 Expenses Account, — New Zealand Loans Act, 1908-— New Zealand Loan Act, 1863 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 Naval Defence Act, 1909 New Zealand State-guaranteed Advances Acts, 1909 and 1910 — Advancos to Settlers Branch Advances to Workers Branch Land for Settlements Branch Advances to Settlers Act, 1908 156 17 6 2 13 1 I II 3 498 9 7 7 10 3 1 6 7 2,6.18 19 0 16 5 9 8,642 8 8 10,095 19 4 28,097 17 5 7,867 8 2 4,025 3 6 11,297 19 4 9 19 3 2 15 9 134,965 10 9 Carried forward 282,181 0 0 23,256 16 0 9,810,715 0 0

8.—6

Table No. 1— continued.

36

1913-1914. 1913-1914. RECEIPTS. 1914 1915. £ s. d. 1,538,294 18 4 £ s. d. 1,538,294 18 4 Brought forward £ s. d. 1,134,450 0 0 £ s. d. 8,796,380 0 3 50,000 0 0 12,000 0 0 62,900 0 0 50,000 0 0 Debentures issued in renewal — continued. Now Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1911 — Matured 31st March, 1915, renewed to 31st March, 1920 Matured .'(1st March, 1914, renewed to 31st March, 1915' .. Government Advances to Settlers Act, 1906 — Matured 1st January, 1914, renewed to 1st January, 1919 50,000 0 0 12,000 0 0 1,184,450 0 0 62,900 0 0 Refund of amount overpaid Bank of England for stamp duty, &<:., on Debenture* of £3,500,000 Loan, 1913 04 9 11 Amount received from the State Advances Office to provide for redemption of Scrip Nos. 7 and 10, £50,000 each, under the New Zealand State-guaranteed Advances Act, 1909 (Advances to Workers Branch), matured in London 30th June, 1914 100,000 0 0 New Zealand Loans Act, 1908,' — £3,500,000 Loan raised for redemptions— Government Advances to Settlers Act, 11)08, due 13th November, 1913 .. .. .. .. .. .. .. (£100,000) Aid to Public Works and Land Settlement Act, 1900 .. .. (£200,000) Aid to Public Works and Land Settlement Act, 1.901 .. .. (£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* 3,500,000 o 0 3,500,000 o 0 * Instalments I I 3 0 II 3 0 [nteresfc on overdue instalments .. 100,250 0 0' Transfer from Public Works Fund to meet Redemption of Debentures, — Aid to Public Works and Land Settlement Act, 1908, due 13th November, 1913.. • 1,781 0 0 Dairy Industry Act, 1908, — Amount applied by the Public Trustee in redemption of debentures in terms of Appropriation Act, 1913 (Sections 22 and 23) £5,203,237 1 _—, ,—i 55.203,237 I 4 4 Totals £10,080,894 10 2 STATEMENT of the RECEIPTS an. expendituk ) of the FRUIT- £ s. d. £ s. d. £ a. a. The New Zealand Loans Act, 1908, — Fruit-preserving Industry Act, 1913 — Debentures issued 11,500 0 0 * Total .. £11,500 0 0 1 The Timsu: ■y, Wellington, 28th April, 1915.

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1915, compared with the Financial Year ended 31st March 1914—continued.

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

37

1913-1914. EXPENDITURE. 1913-1914. 1914-1915. i £ s. d. 282,181 0 0 Brought forward , t £ s. d. 282,181 0 0 £ s. d. 23,256 16 0 . d. £ s. d. 6 0 9,810,715 0 0 J Expenses Account— -continued. 134,965 1.0 9 j , New Zealand Loans Act, 1908— continued. General Purposes Loan Act, 1873 Government Railways Act, 1908 Land for Settlements Act, 1908 Charges and expenses £5,000 Stock, 1929, for redemption expenses Charges and expenses £10,000 Stock, 1943-63, for redemption expenses Discount on Stock created for general expenses Brokerage 134,965 1.0 9 215 3 5 1,494 4 8 7,287 17 7 31 5 0 194 5 0 18 15 0 12 10 0 134,965 10 9 134,965 10 9 32,510 16 8 Balance at end of year,— 37,690 10 7 Cash in the Public Account 4,748,400 0 0 Investment Account 4.786,090 10 7 37,690 10 7 4,748,400 0 0 4.786,090 10 7 237,668 13 6 237,668 13 6 m £5,203,237 1 4 Totals £5,203,237 1 4 £10,080,894 10 2 'RESERVING INDUSTRY ADVANCES ACCOUNT for the Year ended 31st Mahch 1915. £ s. d. £ s. d. £ a, d. Expenditure under the Fruit-preserving Industry Acts, 1913 and 1914, and the Appropriation Act, 1914, Section 21 10,000 0 0 The New Zealand Loans Act, 1908, — Fruit-preserving Industry Act, 1913— Charges and Expenses 0 3 6 Balance at end of YearCash in the Public Account .. .. .. •• 1,499 Iβ 6 Total .. .. .. .. .. £11,500 0 0

8.—6

38

Table No. 1— continued. SUMMARY of BALANCES on 31st MARCH, 1915.

Balances. Cash. Imprests. Investments. Total. £ s. d. Consolidated Fund :— Ordinary Revenue Account .. 149,047 0 8 State Forests Account .. 3,910 2 2 State Coal-mines Account ..i 25,636 7 1 Scenery Preservation Account .. 3,602 10 6 Naval Defence Act Account .. 117 11 9 Accounts of Local Bodies .. 7,251 10 8 Deposit Aocounts .. .. 331,560 13 i I £ s. d. ; k s. A. £ s. A. £ b -1. £ s. a. Consolidated Fund:— Ordinary Revenue Account .. 70,953 19 10 78,093 0 10 .. 149,047 0 8 State Forests Account.. .. 3,695 13 10 214 8 4 .. 3.910 2 2 State Coal-mines Account .. 25,233 4 10 403 2 3 . 25,636 7 1 8cenery Preservation Account .. 3,602 10 6 .. .. 3,602 10 6 Naval Defence Act Account .. 117 11 9 .. .. 117 11 9 Accounts of Local Bodies .. 7,120 8 6 131 2 2 .. 7.251 10 8 Deposit Account!? .. .. 301,495 5 11 30,065 7 5 .. 331,560 13 4 521,125 16 2 412,218 15 2 108,907 10 .. 521,125 16 2 412,218 15 2 108,907 1 0 521,125 16 2 ■ Public Works Fund 695,762 2 10 Public Works Fdnu .. .. 596,100 14 6 99,661 8 4 .. 695,762 2 10 Wellington-Hctt Railway and Road Improvement Account The Railways Improvements Account The Waihou and Ohinemuri ■ Rivers Improvement Account Aid to Water-power Works Ac- : COUNT . . . . . . I Irrigation and Water-supply Account Cheviot Estate Account Land for Settlements Account.. Native Land Settlement Account Land for Settlements Account (Opening up Crown Lands for Settlement Account) National Endowment Account Hauraki Plains Settlement Account Rangitaiki Land Drainage Account .. .. .. j Workers' Dwellings Account State Advances Loan Account Mining Advances Account Conversion Account Loans Redemption Account New Zealand Consols Account.. War Expenses Account Kauri-gum Industry Account Fruit - preserving Industry Advances Account Reserve Fund Account.. Bank op New Zealand Acts, 1903 and 1913 Account Silver and Bronze Coin Account Remittances from London Account Wellington-Hutt Railway and 1,790 15 8 Road Improvement Account .. 1,790 15 8 .. .. 1,790 15 8 The Railways Improvements Ac5,256 11 3 count .. .. .. 5,256 11 3 .. .. 5,256 11 3 , The Waihou akd Ohinemuri 73,558 11 11 Rivers Improvement Account .. 13,558 11 1.1 .. 60.000 0 0 73,558 11 11 Aid to Water power Wobks Ac2,871 7 0 count .. .. .. 2,871 7 0 .. .. 2,871 7 0 j Irrigation and Water-supply Ac4,719 10 1 count .. .. .. 4,719 10 1 .. .. 4,719 10 1 89,067 7 2 Cheviot Estate Account .. 34,067 7 2 .. 55,000 0 0 ! 89.067 7 2 34,079 2 0 Land for Settlements Account.. 34,079 2 0 .. .. 34,079 2 0 15,297 5 6 Native Land Settlement Account 15,199 18 9 97 6 9 .. 15'297 5 6 Land for Settlements Account (Opening up Crown Lands for 16,189 2 4 Settlements Account) .. 16,138 11 51 1 3 .. 16,189 2 4 92,654 17 4 National Endowment Account .. 65,854 17 4 .. 26,800 0 0 92,654 17 4 Hauraki Plains Settlement Ac4,265 19 4 count .. .. .. 4,265 19 4 .. .. 4,265 19 4 Rangitaiki Land Drainage Ac 3,030 18 4 J count .. .. .. 3,030 18 4 ... .. 3,030 18 4 9,909 8 7 Workers' Dwellings Account .. 9,909 8 7 .. .. 9,909 8 7 773,200 0 0 State Advances Loan Accouitt .. .. 773,200 0 0 773,200 0 0 435 13 11 Mining Advances Account .. 435 13 11 .. .. 435 13 n 9,346 17 3 Conversion Account .. .. 8,232 8 5 i 1,114 8 10 .. 9,346 17 3 237,668 13 6 Loans Redemption Account .. 237,668 13 6 .. 237,668 13 6 475,991 14 0 New Zealand Consols Account.. 106 14 0 .. 475,885 0 0 475,991 14 0 287,301 11 11 War Expenses Account .. 4,563 13 0 | 282,737 18 11 ; .. 287,301 11 11 9,007 6 2 Kauri-gum Industry Account .. 8,978 10 2 28 16 0 .. 9,007 6 2 Fruit - preserving Industry Ad1.499 16 6 tancks Account .. ..■ 1,409 16 6 .. .. 1,499 16 6 800,000 0 0 Reserve Fund Account .. .. .. ; 800,000 0 0 800,000 0 0 Bank of New Zealand Acts, 1903 875,000 0 0 asd 1913 Account .. .. .. .. ' 875,000 0 0 875,000 0 0 122,600 0 0 Silver and Bronze Coin Account .. 122,600 0 0 .. 122,600 0 0 Remittances from London Ac400,000 0 0 count .. .. .. j 400.000 0 0 .. .. 400,000 0 0 Total .. £5,561,630 8 9 05,561,630 8 9 Totals.. .. .. £1,880,547 7 8 : £615,198 1 1 £3,065,885 0 0 £5,561,630 8 9

8.—6.

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1915, compared with the Sums voted under the Appropriation Act, 1914.

39

I : b j I Expenditure. Issued. Credits. Net Expenditure. Issued. Imprests. Total. Voted. "Amount Unissued. Issued IN Excess. I " I Class I.—Legislative Departments :— £ s. d. 1 Legislative Council .. .. .. .. 1,726 5 9 2 House of Representatives .. .. .. 9,549 0 8 3 General Expenses .. .. .. .. 26,507 8 2 Total Class I .. .. .. 37,782 14 7 £ s. d. £ s. d. 25 13 6 1,700 12 3 67 14 0 9,481 6 8 137 11 4 26,369 16 10 230 18 10 37,551 15 9 £ s. d. J £ s. d. 1,700 12 3 9,481 6 8 26,369 16 10 37,551 15 9 £ s. d. 1,800 0 0 10,333 0 0 28,624 0 0 40,757 0 <l £ s. d. 99 7 9 851 13 4 2,254 3 2 3,205 4 3 £ s. d. t 1" 37,551 15 9 40,757 0 0 3,205 4 3 I j Class II. —Department of Finance :— 4 Treasury Department .. .. .. .. 11,227 15 0 5 National Provident and Friendly Societies Office .. : 7,671 18 2 ; 6 Rates on Crown Lands.. .. .. .. 110 0 10 7 Rates on Native Lands .. .. .. ! 0 8 8 8 j Land and Income Tax Department .. .. j 27,648 17 5 9 Pensions Department . . .. .. j 9,932 8 1 10 Naval Defence .. .. .. .. 66,604 1 3 11 Treasury: Miscellaneous Services .. ... 49,977 2 11 716 14 7 10,511 0 5 38 7 8 7.633 10 6 110 0 10 0 8 8 574 8 3 27,074 9 2 52 4 8 9,880 3 5 730 6 7 65,873 14 8 926 17 7 49,050 5 4 26 10 0 108' 4 2 3,995 13 7 10,511 0 5 [ 7.660 0 6 110 0 10 0 8 8 27,182 13 4 9,880 3 5 69,869 8 3 49,050 5 4 11,874 0 0 8,430 0 0 I 250 0 0 25 0 0 29,467 0 0 I 10,441 0 0 I 100,000 0 0 41,364 0 0 j 1,362 19 7 769 19 6 : 139 19 2 24 11 4 2.284 6 8 560 16 7 30.130 11 9 _ 7,686 5 4 Total Class II .. ... .. 173,172 12 4 3,038 19 4 '' 170,133 13 0 4,130 7 9 174,264 0 9 174,264 0 9 201,851 0 0 201,851 0 0 35,273 35,273 4 7 4 7 7,686 5 4 7,686 5 4 ! Class III. —Post and Teleoraph Department :— I 12 Postal and Telegraph Salaries .. .. .. 801,582 11 9 I 13 Conveyance of Hails by Sea .. .. ..I 103,121 9 8 . 14 Conveyance of Inland Mails .. .. .. j 92,484 12 9 15 Carriage of Mails by Railway .. .. 71,548 3 5 16 Maintenance of Telegraph and Telephone Lines .. 101,282 11 1 17 Miscellaneous Services .. .. .. .. 183,499 13 1 53,933 15 11 747,648 15 10 23,394 10 9 79,726 18 11 3,391 2 7 89,093 10 2 I 12 4 71,546 11 1 9,517 0 8 91,765 10 5 18,712 6 7 164.787 6 6 28 13 11 91 4 9 i 747,677 9 9 79,726 18 il 89,184 14 11 71,546 11 1 91,765 10 5 164,787 6 6 754,691 0 0 81,845 0 0 90,260 0 0 70,424 0 0 87,950 0 0 155,464 0 0 7,013 10 3 2,118 1 1 1,075 5 1 1,122 11 1 3,815 10 5 9,323 6 6 - — ■ — !- Total Class III .. .. .. 1,353 519 1 9 j 1,353 519 1 9 10 108,950 08,950 8 10 1,244,568 12 11 8 10 1,244,568 12 11 119 18 8 119 18 8 1,244,688 11 1,244,688 11 7 7 1,240,634 0 0 I < ,240,634 0 0 10,206 16 5 10,206 16 5 14,261 14,261 8 0 8 0 i j Class IV. —Working Railways Department :— 18 Working Railways .. .. .. .. 3,325,819 12 11 3,325,819 12 11 444,732 4 6 2,881,087 8 5 i44,732 4 6 2,881,087 8 5 118 10 2 118 10 2 2 2,881,205 18 7 ' 3,031,504 0 0 2,881,205 18 7 ; 3,( ,031,504 0 0 I 150,298 1 5 150,298 1 5 j— - Total Class IV .. .. ... 3,325,819 12 11 3,325,819 12 11 444,732 4 6 2,881,087 144,732 4 6 2,881,087 8 5 8 5 118 10 2 118 10 2 : 2,881,205 18 7 ~~2 2,881,205 18 7 3,031,504 0 0 3.1 ,031,504 0 0 150,298 1 1 150,298 1 5 5 I '• Class V.—Public Buildings, Domains, and Main- L TENANCE Or ROADS : i» Public Buildings .. .. .. I 7 0 ,845 8 9 2" Government Domains .. .. .. .. 2,975 10 3 Maintenance and Improvement of Roads.. .. 49,437 10 4 70,845 8 9 2,975 10 3 49,437 10 4 5,458 3 0 124 5 0 5,458 3 0 65,387 5 9 2,975 10 3 124 5 0 49,313 5 4 65,387 5 9 2,975 10 3 49,313 5 4 2,000 0 0 2,000 0 0 65,387 5 9 2,975 10 3 51,313 5 4 65,387 5 9 2,975 10 3 51,313 5 4 74,310 0 0 3,050 0 0 45,000 0 0 |_ 74,310 0 0 3,050 0 0 45,000 0 0 8,922 14 3 74 9 9 8,922 14 3 74 9 9 I 6,313 5 4 6,313 5 4 Total Class V I 1 23 , 2 5S 9 4 j 123,258 9 4 5,582 8 0 1 5,582 8 0 117.676 1 4 ! 117,676 1 4 ' 2,000 0 0 2,000 0 0 _| 1 119,676 1 4 119,676 1 4 8,997 4 0 6,313 5 4 122,360 0 0 j 8,997 4 0 6,313 5 4

B.— 6.

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

40

I Issued. Voted. Amount Unissued. ISSUED IN Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Class VI. —Native Department :— 22 Native Department 23 Miscellaneous Services Total Glass VI ■ £ s. d. 23,213 3 10 1,363 13 7 j 24,576 17 5 £ s. d. £ s. d. 492 6 3 22,720 17 7 79 19 3 1,283 14 i 572 5 6 i 24,004 11 11 £ 8. d. 270 8 6 270 8 6 £ s. d. 22,991 6 1 1,283 14 4 24,275 0 5 £ s. d. 23,753 0 0 1,488 0 0 25,241 0 0 761 13 11 204 5 8 965 19 7 £ s. d. 572 5 6 24,004 11 11 270 8 6 24,275 0 5 25,241 0 0 965 19 7 Class VII. —Justice Department :— 24 Department of Justiee 25 Crown Law Office 26 Patent Office 27 . Supreme Court 28 Bankruptcy 29 Magistrates' and Wardens' Courts 30 Criminal Prosecutions 31 Coroners 32 Justice : Miscellaneous Services.. 33 Prisons 34 Police Department 35 Police : Miscellaneous Services .. 36 Stamp Department 37 Lands and Deeds Registry '" ! 2.819 8 0 5.94] 14 7 2,025 3 1 10,935 4 5 3.044 11 10 51,024 2 1 12,542 14 4 4,458 16 0 17.047 5 1 61.939 9 5 236.992 11 9 751 0 0 15,076 5 2 32,961 17 7 I i I 19 15 10 2,799 12 2 189 15 0 5,751 19 7 2,025 3 1 31 2 10 10,904 1 7 19 9 1 3,025 2 9 1,688 5 9 49,335 16 4 441 3 6 12,101 10 10 j 5 11 0 4,453 5 0 594 13 5 16,452 11 8 9,585 13 11 52,353 15 6 2,318 18 6 234,673 13 3 751 0 0 24 6 2 15,051 19 0 162 19 4 32,798 18 3 277 il 8 18 13 8 453"6 2 224 2 3 1,799 1 9 J 247 5 7 I 2.799 12 2 5,751 19 7 2.025 3 1 11,181 13 3 3,043 16 5 49,335 16 4 12,554 17 0 4,453 5 0 16,452 11 8 52,577 17 9 236,472 15 0 751 0 0 15,051 19 0 33,046 3 10 3,191 0 0 6,030 0 0 2,032 0 0 10,073 0 0 3,232 0 0 I 49,617 0 0 10,300 0 0 4,500 0 0 14,991 0 0 49,633 0 0 245,952 0 0 751 0 0 16,328 0 0 34,576 0 0 3,191 0 0 6,030 0 0 2,032 0 0 10,073 0 0 3,232 0 0 I 49,617 0 0 10,300 0 0 4,500 0 0 14,991 0 0 49,633 0 0 245,952 0 0 751 0 0 16,328 0 0 34,576 0 0 « 391 7 10 278 0 5 6 16 11 188 3 7 281 3 8 46 15 0 9,479 5 0 1,276 1 0 1,529 16 2 391 7 10 278 0 5 6 16 11 188 3 7 281 3 8 46 15 0 9,479 5 0 1,276 1 0 1,529 16 2 1,108 2,254 l,46i 2,944 1,108 13 3 13 3 17 0 11 8 17 9 2,254 17 0 1,461 11 8 2,944 17 9 "• ■ ■ _ Total Class VII ■_ 457.560 3 4 15.081 14 4 ; 442,478 9 0 3,020 1 1 445,498 10 1 j 445,498 10 1 451,206 0 0 : !__ i 451,206 0 0 13,477 9 7 ! 13,477 9 7 7,769 7,769 19 8 19 8 ' i Class VIII. —Mikes Department :— 38 Mines Department 39 Geological Survey Branch 40 Miscellaneous Services 38 39 40 t 9,725 5 4 3,789 6 1 ; 18,253 15 1 310 3 3 9,415 2 1 3.789 6 1 2,287 12 6 15,966 2 7 129 16 2 9,415 2 1 3,789 6 1 16,095 18 9 9,415 2 1 3,789 6 1 16,095 18 9 10,058 0 0 4,855 0 0 21,555 0 0 10,058 0 0 4,855 0 0 21,555 0 0 642 17 11 1,065 13 11 5.459 1 3 642 17 11 1,065 13 11 5,459 1 3 Total Class VIII * " 31,768 6 6 2,597 15 9 29.170 10 9 129 16 2 r 129 16 2 29,300 6 11 I 29,300 6 11 36,468 0 0 36,468 0 0 7,167 13 1 '■ 7,167 13 1

41

8.—6

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

(S--W. 6.

~l Issued. I Amount Unissued. Issued in Excess. s p> Voted. Expenditure. Credits. Net Expenditure. Imprests. Total. Class IX. —Department of Internal Affairs :— £ s. d. £ s. d. 41 Clerk of Executive Council .. .. .. I 50 0 0 42 Department of Internal Affairs (Head Office) .. i 52,464 1 6 6,384 2 9 43 ! Ministers'Secretaries .. .. .. .. I 1,521 1 11 j 2 8 8 44 Messengers, Office-keepers, and Charwomen .. 24,654 16 0 : 1,539 18 7 45 Audit Department .. .. .. .. 18.345 5 3' 10,676 13 0 46 Registrar-General's Office .. i 14,256 16 6 57 6 10 47 Electoral .. .. .. .. .. 61.720 1 3 1,445 6 7 48 High Commissioner's Office .. .. .. i 16,596 0 11 4,752 19 2 49 Museum .. .. .. .. .. I 3,219 10 2 18 5 2 50 Dominion Laboratory .. .. .. .. 4,672 13 4 27 1 1 51 Printing and Stationery .. .. .. 123,153 7 7 106,552 19 4 52 I Mental Hospitals .. .. .. .. 170,810 1 11 44.827 14 2 53 I Home for Defectives .. .. .. .. 1.362 8 10 196 17 9 54 Tourists .. .. .. .. .. 50,664 19 3 i 841 16 8 55 Public Service Commissioner's Office .. .. 7.994 0 6; 183 7 1 56 j Public Health, Hospitals and Charitable Aid •.. 71,880 2 0 11,11!) I 2 57 Cook Islands Administration .. .. .. 5,062 17 11 58 Miscellaneous Services .. .. .. .. j 75,921 10 9 26.517 0 11 £ s. d. £ s. d. £ s. d. 50 0 0 .. 50 0 0 46,079 18 9 612 7 5 46,692 6 2 1.518 13 3 .. 1,518 13 3 23,114 17 5 .. 23,114 17 5 7,668 12 3 94 8 6 ■ 7.763 0 9 14,199 9 8 .. 14,199 9 8 60,274 14 8 .. 60,274 14 8 11.843 19 .. 11,843 1 9 3,201 5 0 .. 3,201 5 0 4,645 12 3 12 6 8 4.657 18 11 16,600 8 3 .. 16.600 8 3 125.982 7 9 529 15 1 126.512 2 10 1.165 11 1 .. 1,165 11 1 49.823 2 7 521 6 11 50.344 9 6 7,810 13 5 51 19 10 7.862 13 3 60,761 0 10 337 19 11 61.099 0 9 5,062 17 11 .. 5.062 17 11 49,404 3 10 : 2,474 11 5 51,878 15 3 £ s. d. 50 0 0 33,768 0 0 1,465 0 0 24.811 0 0 10.596 0 0 15,710 0 0 65,088 0 0 9,272 0 0 4,054 0 0 5,576 0 0 19.392 0 0 119.247 0 0 1,298 0 0 54.040 0 0 7,620 0 0 60,814 0 0 7.034 0 0 46,789 0 0 £ s. d. 1,696 2 7 2,832 19 3 1.510 10 4 4,813 5 4 852 15 0 918 1 1 2,791 11 9 132 8 11 3,695 10 6 1.971 2 1 £ s. d. 12,924 6 2 53 13 3 2,571 1 9 7,265 2 10 242' 13 3 285 0 9 5,089 15 3 Total Class IX .. .. .. 704.349 15 7 I 215,143 4 11 489,206 10 8 4,634 15 9 493,841 6 5 486,624 0 0 I 21,214 6 10 28,431 13 3 Class X.—Defence Department :— 59 1 Adjutant-General's Branch .. .. .. I 187,911 10 11 898 4 6 60 General Staff Branch .. .. .. .. 5, 120 5 2 43 1 5 61 Quartermaster-General's Branch .. .. 322.080 2 0 15,033 15 0 898 4 6 43 1 5 15,033 15 0 187.013 6 5 : 6,185 8 10 5.077 3 9 i 307,046 7 0 ; 1,137 17 4 187,013 6 5 : 6.185 8 10 193,198 15 3 5.077 3 9 i .. 5.077 3 9 307.046 7 0 i 1,137 17 4 308.184 4 4 193,198 15 3 5.077 3 9 308.184 4 4 195,253 0 0 10,570 0 0 306.505 0 0 2,054 4 9 5,492 !6 3 1,679 4 4 Total Class X .. .. .. j 515.111 18 1 15.975 0 11 ; i Class XI. —Customs, Marine and Harbours, and Inspection of Machinery Departments :— 62 Customs Offices and Services .. .. .. i 59,925 0 4 1,338 14 7 63 Customs: Miscellaneous Services .. .. 8,244 14 2 31 12 9 64 Marine and Harbours and Inspection of Machinery 56,640 4 10 1,917 5 4 65 1 Government Steamers .. .. .. .. 18,244 1 11 443 13 4 66 j Marine: Miscellaneous Services .. .. .. 11,138 7 8 1,261 12 9 TotalClassXI .. .. .. i 154,192 8 11 4,992 18 9 15,975 0 11 499,136 17 2 499,136 17 2 j 7,323 6 2 506,460 3 4 58.586 5 9 429 9 10 59.015 15 7 8,213 15 .. 8.213 1 5 54.722 19 6 561 11 3 55.284 10 9 17.800 8 7 : 95 11 1 17.895 19 8 9,876 14 11 i 100 0 0 9,976 14 11 149,199 10 2 1,186 12 2 150,386 2 4 7,323 6 2 506,460 3 4 512.328 0 0 ! 63.270 0 0 8,993 0 0 58.410 0 0 28.500 0 0 13.104 0 0 4.254 4 5 779 18 7 3.125 9 3 10.604 0 4 3.127 5 1 7.547 1 0 1,679 4 4 172,277 0 0 21,890 17 8

8.—6.

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

42

5 Issued. Voted. Amount Unissued. Issued IN Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Class XII.— Department of Labour :— £ s. d. I £ s. d. £ s. d. £ s. d. £ s. d. £ >. d. £ s. d. 67 Department of Labour.. .. .. .. 30,679 7 1 2,537 9 8 28,141 17 5 ; 19 15 3 28,161 12 8 28,878 0 0 716/4 £ s. d. 716 7 4 £ s. d. £ s. d. Total Class XII .. .. .. 30,679 7 I 2,537 9 8 28,141 17 5 ! 19 15 3 28,16112 8 28,878 0 0 716 7 4 2,537 9 8 28,141 17 .-, 19 15 3 28,161 12 8 28,878 0 0 716 7 4 Class XIII. —Department of Lands and Survey :— j 68 Department of Lands and Survey .. .. | 206,851 9 8 47.744 17 9 159,106 11 11 j 1,535 15 7 160,642 7 6 168,046 0 0 7,403 12 6 69 Miscellaneous Services .. .. 52,189 1 7 6.661 0 5 45,528 12 705 3 10 j 46.233 5 0 52,683 0 0 i 6,449 lo 0 70 Valuation .. .. .. .. .. 43,342 9 9 8,933 14 11 34,408 14 10 .. 34,408 14 10 33,395 0 0 .. j Total Class XIII .. .. .. 302,383 1 0 63,339 13 1 239,043 7 11 2.240 19 5 241,284 7 4 254,124 0 0 13,853 7 6 I I l,0i3 14 10 1,013 14 10 13,853 7 6 1,013 14 10 - -' - ---- ; Class XIV. —Department of Agriculture, Indus- j tries, and Commerce: — 71 Agriculture, Industries, and Commerce .. .. ! 291,631 1 5 84,900 0 8 206,731 0 9 4,780 9 0 211,511 9 9, 220,102 0 0 8,590 10 3 I ' 8,590 10 3 Total Class XIV .. .. .. 291,631 1 5 84,900 0 8 206,731 0 9 4.780 9 0 211,511 9 9 1 220,102 0 0 8,590 10 3 8,590 10 3 I I ■ i i i _ j i _ Class XV. —Education Department :— 72 Head Office .. .. .. . ..I 13,881 13 3 290 9 7 13,591 3 8! 69 16 4 13,661 0 0 14,081 00! 420 0 0 73 Elementary Education.. .. .. .. I 802,214 2 11 48,025 3 4 754,188 19 7 .. 754,188 19 7' 779,965 0 0 25,776 0 5 74 Secondary and Higher Education .. .. 109,628 16 9 13,875 16 1 95.753 0 8 .. 95,753 0 8 100,550 0 0 4.796 19 4 75! Manual and Technical Instruction .. .. 90,977 19 8 8,464 8 4 82,513 11 4 .. 82,513 11 4 81,665 0 0 76 1 Training Colleges and Training of Teachers .. 42.216 13 9 6 15 10 42,209 17 11 .. 42,209 17 11 43,745 0 0 1,535 2 1 77, Native Schools .. .. .. 35,679 12 9 2.842 16 5 32.836 16 4 .. 32.836 16 4 33.098 0 0 261 3 8 78 Infant-life Protection .. .. .. .. 1,456 12 8 82 3 11 1,374 8 9 .. 1,374 8 9 1,541 0 0 166 11 3 79 School for the Deaf .. .. 5.95] 3 11 2.485 9 1 3,465 14 10 .. 3.465 14 10 3,674 0 0; 208 5 2 ■ 80 Education of the Blind .. .. .. 804 12 6 703 4 2 10] 8 4 .. 101 8 4 168 0 0 66 11 8 81 OtekaikeHome .. .. .. .. j 4.98114 2 1,945 4 0 3.036 10 2 .. 3,036 10 2 5.178 0 0 2.141 9 10 82 j Special Schools for Girls .. .. .. .. .. •. ■ ■ • ■ 550 0 0 550 0 0 83 Industrial Schools .. .. .. .. 64,496 2 4 25,193 3 10 39,302 18 6 84 16 9 39,387 15 3 42,400 0 0 3.012 4 9 84 Physical Training and Junior Cadets .. .. j 8.83116 1 590 19 2 8,240 16 11 .. 8,240 16 11 9,988 0 0 1.747 3 1 85 I School Buildings, Furniture, and Sites .. .. 118,335 7 0 234 12 9 118,100 14 3 .. 118,100 14 3 122,656 0 0: 4,555 5 9 86! Miscellaneous Services 17.254 19 1 3,988 6 0 13.266 13 1 .. 13,266 13 1 16,612 0 0 3,345 6 11 848 11 4 • , ■—: . .. TotalClassXV .. .. .. 1,316,711 6 10 108,728 12 6 'l ,207,982 14 4 154 13 1 1,208,137 7 5.1,255.871 0 0 48.582 3 11 848 11 4 — 848 11 4 Unauthorized :— Services not provided for .. .. .. 239,649 18 2 131,137 5 10 108,512 12 4 1,000 0 0 109.512 12 4 .. .. l< 131,137 5 10 108,512 12 I ! 4 j 1,000 0 0 109.512 12 4 109,512 12 4 1 09,512 12 4 Total Unauthorized .. .. .. i 239,649 18 2 131.137 5 10 108,512 12 4 1.000 0 0 109,512 12 4 .. .. l< 239,649 18 2 13].137 5 10 108,512 12 4 1,000 0 0 109,5)2 12 4 109,512 12 4 09,512 12 4 I

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. _____ ______ V OTED. TK ______ _____ V OTEDrixTSsmr.n _ Expenditure. Credits. Net Expenditure. Imprests. Total. Expenditure. Total. UNISSUED. ______ I I i I SUMMARY. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Class I.—Legislative Departments .. .. .. | 37,782 14 7 230 18 10 37,551 15 9 .. 37,551 15 9 40.757 0 0 II.—Department of Finance .. .. .. 173,172 12 4 3,038 19 4 170,133 13 0 4,130 7 9 174,264 0 9 201,851 0 0 III.— Post and Telegraph Department .. .. 11,353,519 1 9 i 108,950 8 10 1,244,568 12 11 119 18 8 1,244,688 11 7 1.240.634 0 0 IV.—Working Railways Department .. .. 3,325,819 12 11 | 444,732 4 6 2,881,087 8 5 118 10 2 '2,881 ,205 18 7 3,031,504 0 0 „ V.—Public Buildings, Domains, and Maintenance of Roads .. .. .. .. 123,258 9 4 [ 5,582 8 0 117,676 1 4 ! 2.000 0 0 119.676 1 4 122,360 0 0 VI.—Native Department .. .. .. 24,576 17 5 572 5 6 24,004 11 11 270 8 6 24,275 0 5 25,24] 0 0 „ VII. —Justice Department .. .. .. | 457,560 3 4 15,081 14 4 442,478 9 0 i 3.020 1 1 445,498 10 1 451,206 0 0 „ VIII.— Mines Department .. .. ..I 31,768 6 6 2,597 15 9 29,170 10 9 129 16 2 29.300 6 11 36,468 0 0 IX.—Department of Internal Affairs .. .. 704,349 15 7 ! 215,143 4 11 j 489.206 10 8 4,634 15 9 493,841 6 5 0 0 X.—Defence Department .. .. .. 515,111 18 1 15,975 0 11 499,136 17 2 7,323 6 2 506,460 3 4 512,328 0 0 ,. XI. —Customs, Marine and Harbours, and Inspection of Machinery Departments .. ' .. 154,192 8 11 4,992 18 9 149,199 10 2 1, 186 12 2 150.386 2 4 172,277 0 0 XII.—Department of Labour .. .. .. 30,679 7 1 2,537 9 8 28,141 17 5 19 15 3 28,161 12 8 28,878 0 0 „ XIII.—Department of Lands and Survey .. .. 302,383 1 0 j 63,339 13 1 239,043 7 11 j 2,240 19 5 241,284 7 4 254,124 0 0 „ XIV. —Department of Agriculture, Industries, and Commerce .. .. .. .. 291,631 1 5 ! 84,900 0 8 ! 206,731 0 9 4,780 9 0 211,511 9 9 : 220,102 0 0 XV.—Education Department .. .. .. 1,316,711 6 10' 108,728 12 6 11,207,982 14 4 154 13 1 1,208.137 7 5 1.255.871 0 0 Services not provided for .. .. .. .. 239,649 18 2 131,137 5 10 108,512 12 4 1,000 0 0 109,512 12 4 £ s. A. £ s. d. 3.205 4 3 35,273 4 7 7,686 5 4 10.206 16 5 14.26] S 0 150.298 15' 8,997 4 0 ! 6.313 5 4 965 19 7 j 13.477 9 7 \ 7,769 19 8 7,167 13 1 21.214 6 10 28.431 13 3 7,547 1 0 1,679 4 4 21,890 17 8 716 7 4 13.853 7 6 I 1,013 14 10 8,590 10 3 48,582 3 11 ! 848 11 4 '109,512 12 4 Total Consolidated Fund .. .. .. J9,082,166 15 3 1.207.541 1 5 7,874.625 13 10 31.129 13 2 7,905,755 7 0 8.080.225 0 0 351.986 7 5 14 5

44

B.—o

Table No. 1— continued. STATEMENT showing the NET ISSUES from the NEW ZEALAND STATE FORESTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the STATE COAL-MINES ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the SCENERY PRESERVATION ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

> Expenditure. New Zealand State Forests Account :— £ s. d. 11 State Forests Branch of the Lands and Survey Department .. .. .. .. 30,386 9 9 Issued. Credits. Net Expenditure. £ s. d. £ s. d. 68 7 5 30.318 2 4 Imprests. £ p. A. 214 8 4 Total. £ s. a. 30,53-2 10 8 Voted. 31,609 0 0 i Amount Unissued. £ s. d. . 1,076 9 4 Issued Excess. £ s. d. Total .. .. .. 30,386 9 9 i 68 7 5 30,318 2 4 63 7 5 30,318 2 4 214 8 4 214 8 4 30,532 10 8 30,532 10 8 31,609 0 0 31,609 0 0 1,07(1 9 4 1,070 9 4 !_! i _„ _L ! I i i_ j

" I State Coal-mines Account :— 112 State Coal-mines Total o i> Expenditure. £ s. d. .. i 215,958 19 5 215,958 19 5 Issued. Credits. Net Expenditure. Imprests. Total. £ s. d. £ s. d. £ s. a. £ s. d. 6,316 18 8 209,642 0 9 403 2 3 210.045 3 0 6,310 18 8 209,642 0 9 403 2 3 210,045 3 0 Voted. £ s. d. 268,810 0 0 268,810 0 0 Amount Unissued. £ s. d. 58,764 17 0 58,764 17 0 Issued Excess. d. 6,310 18 8 j 209,642 0 9 403 2 3 210,045 3 0 26S.810 0 0 58.764 17 0

: > Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. ! Credits. Net Expenditure. Imprests. Total. Sceneky Preservation Account: — 113 Scenery Preservation Total ,, £ s. d. 7,966 6 6 £ s. A.\ 79 2 S j £ s. d. 7,8S7 3 !0 £ s. d. £ s. d. 7,8S7 3 10 £ s. d. 11,163 0 0 £ s. d. ! 3,275 16 2 i^ s. d. 7,966 6 6 79 2 8 7,887 3 10 7,887 3 10 11,163 0 0 3,275 16 2

45

8.-6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND for the FINANCIAL YEAR ended 31st March, 1915, compared with the Sums voted under the Appropriation Act, 1914.

~~ j I ■ ; • Issued o Exnp.nditnrpfired its. K Issued. Issued. rr^fol Voted. Voted. Amount Unissued. ■ Amount Unissued. IN Excess. iixpenaiture. Class XVI. —Public Works, Departmental: — £ s. d. Public Works, Departmental .. .. .. 101,551 1 6 Expenditure. Credits. JN £ s. d. 926 13 3 Credits. Net Expenditure. Net Expenditure. £ s. d. 100,624 8 3 Imprests. imprests. Total. £ s. d. £ s. d. ! 100,624 8 3 Total. Total. £ s. d. 96,525 0 0 £ s. d. EXCESS. £ s. d. £ s. d. 926 13 3 100,624 8 3 £ s. d. £ s. d. 100,624 8 3 £ s. d. 96,525 0 0 £ s. d. £ s. d. 4,099 8 3 87 Total Glass XVI .. .. .. 101,551 1 6 926 13 3 926 13 3 100,624 8 3 100,624 8 3 100,624 8 3 j 100,624 8 3 j 96,525 0 0 96,525 0 0 4,099 8 3 I i 89 Class XVII. —Railways :— Railway-construction .. .. .. .. 658,915 16 7 Additions to Open Lines .. .. .. 500,650 13 11 12,037 7 6 775 17 1 646,878 9 1 499,874 16 10 90 14 5 646,969 3 6 499,874 16 10 960,000 0 0 500,000 0 0 313.030 16 6 12-5 3 2 Total Class XVII .. .. .. 1,159,566 10 6 1,159,566 10 6 12,813 4 7 1 12,813 4 7 1,146,753 5 11 ,146,753 5 11 90 14 5 1,146,844 0 4 1 90 14 5 1,146,844 0 4 1,460,000 0 0 1,460,000 0 0 313,] 55 19 8 313,155 19 8 90 92 93 94 95 96 97 Class XVIII. —Public Buildings (including Purchase of Properties, Sites. Furniture, Fittings, &c.): — General .. .. .. .. .. 75,715 0 9 Judicial 38,862 18 9 Postal and Telegraph .. .. .. .. 61,991 19 9 Agricultural .. .. .. .. .. 2,428 2 5 Mental Hospitals .. .. .. .. 54,242 10 8 Hospitals and Charitable Institutions .. .. 997 19 6 School Buildings .. .. .. .. 123,274 3 5 Workers' Dwellings .. .. .. .. 68,341 i 9 75,715 0 9 38.862 18 9 61,991 19 9 2,428 2 5 54,242 10 8 997 19 6 123,274 3 5 68,341 i 9 6,998 7 4 55 3 6 1,153 7 4 247 0 0 333 17 5 66 5 0 6,998 7 4 55 3 6 1,153 7 4 247 0 0 333 17 5 66 5 0 68,716 13 5 38,807 15 3 60.838 12 5 2,428 2 5 53,995 10 8 997 19 6 122,940 6 0 68,274 16 9 68,716 13 5 38,807 15 3 60.838 12 5 2,428 2 5 53,995 10 8 997 19 6 122,940 6 0 68,274 16 9 68,716 13 5 38,807 15 3 60,838 12 5 2,428 2 5 53,995 10 8 997 ]9 6 122,940 6 0 68,274 16 9 ! I 68,716 13 5 38,807 15 3 60,838 12 5 2,428 2 5 53,995 10 8 997 19 6 122,940 6 0 68,274 16 9 105,500 0 0 47,350 0 0 116,325 0 0 5,000 0 0 ; 50,000 0 0 6,000 0 0 129.000 0 0 92,000 0 0 . 105,500 0 0 47,350 0 0 116,325 0 0 5,000 0 0 ; 50,000 0 0 6,000 0 0 129.000 0 0 92,000 0 0 . 36.783 6 7 8,542 4 9 55,486 7 7 2,57] 17 7 5,002 0 6 6.059 14 0 23.725 3 3 36,783 6 7 8,542 4 9 55,486 7 7 2,57] 17 7 5,002 0 6 6.059 14 0 23.725 3 3 3,995 10 8 Total Class XVIII .. .. .. 425,853 17 0 425,853 17 0 8,854 0 7 J 8,854 0 7 416,999 16 5 416,999 16 5 416,999 16 5 416,999 16 5 551.175 0 0 , 551.175 0 0 , 138.170 14 3 138,170 14 3 3,995 10 8 I 98 99 100 Class XIX. — Lighthouses, Harbour-works, and Harbouk-defences :— Lighthouses .. .. .. .. .. 3,897 8 7 Harbour-works .. .. .. .. 12,563 5 7 Harbour-defences .. .. .. 690 0 1 3,897 8 7 12,563 5 7 690 0 1 10 3 S 0 0 6 9 8 3 10 3 S 0 0 6 9 8 3 3,887 4 11 12.563 5 1 680 11 10 3,887 4 11 12.563 5 1 680 11 10 3,887 4 11 ! 12,563 5 1 I 680 11 10 i 3,887 4 11 ! 12,563 5 1 J 680 11 10 i 4,758 0 0 20,500 0 0 1.000 0 0 4,758 0 0 20,500 0 0 1,000 0 0 870 15 1 7.936 14 11 319 8 2 870 15 1 7.936 14 11 319 8 2 Total Glass XIX .. .. .. 17,150 14 3 17,150 14 3 19 12 5 19 12 5 17.131 ] 10 17.131 1 10 17,131 1 10 [ 17,131 1 10 [ 26,258 0 0 26,258 0 0 9,126 18 2 9,126 18 2 Class XX. — Tourist and Health Resorts (including Sites, Furniture, Fittings, &e.): — Tourist and Health Resorts .. .. .. 8,257 3 4 25 1 0 8,232 2 4 i 536 7 5 8,768 9 9 8,768 9 9 22,246 0 0 i 22,246 0 0 ] 13,477 10 3 13,477 10 3 101 8,257 3 4 25 1 0 8,232 2 4 536 7 5 Total Class XX .. .. .. 8 257 3 4 25 # 1 0 25* 1 0 536 7 5 8.768 9 9 22.24R 0 O 13-477 10 3 8,257 3 4 8,232 2 4 536 7 5 8,768 9 9 22,246 0 0 13,477 10 3

8.—6

46

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

g t> Expenditure. Credits. Issued. iNet Expenditure. Issued. Imprests. Total. Voted. Amount Unissued. Issued in Excess. I Class XXI. —Immigration :— 102 Department of Immigration £ s. d. 59,327 6 1 £ s. d. 26,108 4 2 £ s. d. 33,219 1 11 £ s. d. £ s. d. 33,219 1 11 £ *. d. 36,000 0 0 £ s. d. 2,780 18 1 £ s. d. Total Class XXI 59,327 6 1 26,108 4 2 33,219 1 11 33,219 1 11 36,000 0 0 2.780 18 1 Class XXII. — Construction, Maintenance, and Supervision of Eoads, Bridges, and other Public Works :— 103 Roads, &c. .. 104 Baokblock Eoads 105 Roads and other Works on Goldfields and Mineral Lands 369,633 16 8 136,001 10 3 20,378 9 5 349,255 7 3 891 13 4 135,109 16 11 1,528 5 8 3,933 16 9 j 350,783 12 11 557.700 0 0 ; 206,916 7 1 139,043 13 8 201,000 0 0 , 61,956 6 4 30,304 4 0 239 8 5 30,064 15 7 30,064 15 7 53,300 0 0 23,235 4 5 Total Class XXII .. 535,939 10 11 21,509 11 2 514,429 19 9 ' 5,462 2 5 519,892 2 2 812,000 0 0 ! 292,107 17 10 Class XXIII. —Development of Goldfields :— 106 Development of Goldfields 2,436 6 11 52 7 0 2,383 19 11 2,383 19 11 4,600 0 0 2,216 0 1 Total Class XXIII 2,436 6 11 52 7 0 2,383 19 11 2.383 19 11 4,600 0 0 2,216 0 1 I l Class XXIV. —Telegraph Extension :— 107 Telegraph Extension 328,512 0 9 40,116 15 2 288,395 5 7 33.341 16 9 321,737 2 4 410.000 0 0 88.262 17 8 Total Class XXIV Class XXV. —Contingent Defence: — 108 Contingent Defence Total Class XXV 328,512 0 9 40,116 15 2 288,395 5 7 33.341 16 9 321,737 2 4 410,000 0 0 88,262 17 8 15,716 4 3 494 11 6 15,221 12 9 15,221 12 9 50,000 0 0 34,778 7 3 15,716 4 3 494 11 6 15.221 12 9 15,221 12 9 50,000 0 0 34,778 7 3 Class XXVI. —Lands Improvement s— 109 Improved-farm Settlements HO Lands, Miscellaneous .. i i 14,950 2 9 1,675 3 2 2,815 9 11 12,134 12 10 1,675 3 2 74 9 7 12,209 2 5 1,675 3 2 16,000 0 0 \ 7,390 0 0 3,790 17 7 5,714 16 10 Total Class XXVI 16,625 5 11 ! 2,815 9 11 13,809 16 0 74 9 7 13,884 5 7 23.390 0 0 9.505 14 5 I , Unauthorized :— Services not provided for 325 7 11 94 4 11 231 3 0 94 4 il 94 4 11 Total Unauthorized.. 325 7 11 231 3 0 94 4 11 94 4 11 94 4 11

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, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the RAILWAYS IMPROVEMENTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

B.- -6.

47

I _ l_ i Issued. Voted. Issued. Issued Amount Unissued. ExcEgs Amount Unissued. Issued in Excess. Voted. Expenditure. i Expenditure. Credits. Net Expenditure. Imprests. Total. Credits. Net Expenditure. Imprests. Total. < ! i SUMMARY. £ s . d . Class XVI. —Public Works, Departmental .. .. 101.551 1 6 XVII.— Railways .. .. .. .. 1,159,566 10 6 „ XVIII.— Public Buildings.. .. .. .. j 425,853 17 0 „ XIX. —Lighthouses. Harbour-works, and Harbourdefences .. .. .. .. 17,150 14 3 XX. —Tourist and Health Resorts .. .. 8,257 3 4 XXL—Immigration .. .. .. .. j 59,327 6 1 „ XXII. —Construction. Maintenance, and Supervision of Roads. Bridges, and other Public Works .. .. .. .. 535.939 10 11 „ XXIII.—Development of Goldfields .. .. 2,436 6 11 „ XXIV.— Telegraph Extension .. .. ... 328,512 0 9 XXV.— Contingent Defence .. .. .. 15,716 4 3 „ XXVI.— Lands Improvement .. .. .. 16,625 5 11 Services not provided for .. .. .. .. 325 7 11 £ s. d. £ s. d. £ s. d. £ s. d. £ 8. d. 926 13 3 100.624 8 3 .. 100.624 8 3 96.525 0 0 12,813 4 7 J, 146, 753 5 11 90 14 5 1,146.844 0 4 1,460,000 0 0 8,854 0 7 416,999 16 5 .. ' 416,999 16 5 551,175 0 0 19 12 5 17,131 1 10 .. 17.131 1 10 26,258 0 0 25 1 0 8,232 2 4 536 7 5 8,768 9 9 22,246 0 0 26,108 4 2 33,219 1 11 .. 33,219 1 11 36,000 0 0 21.509 11 2 514.429 19 9 5.462 2 5 519.892 2 2 812.000 0 0 52 7 0 2,383 19 11 .. 2.383 19 11 4.600 0 0 40,116 15 2 288,395 5 7 33,341 16 9 321,737 2 4 4:0.000 0 0 494 11 6 15,221 12 9 .. 15.221 12 9 50.000 0 0 2,815 9 11 13,809 16 0 74 9 7 13,884 5 7 23,390 0 0 231 3 0 94 4 11 .. 94 4 11 £ s. d. £ s. d. : j 4,099 8 3 313,155 19 8 138.170 14 3 ' 3,995 10 8 9.126 18 2 13.477 10 3 I 2,780 18 1 I 292,107 17 10 2,216 0 1 88,262 17 8 34.778 7 3 9.505 14 5 94 4 1 1 Total Public Works Fund .. .. .. 2,671,261 9 4 113,966 13 9 2,557,294 15 7 39,505 10 7 2,596,800 6 2 3,492,194 0 0 903,582 17 8 8,189 3 10

I - i i l= Expenditure. Credits. ;Net Issued. :t Expenditure. Issued. Imp re: :sts. Total. „ Amount 0TE,) - UNISSUED. TSSUED IN Excess. Expenditure. Credits. Net Expenditure. Imprests. Wellington -Hutt Railway and Road Improvement Account: — Unauthorized — Services uot provided for £ s. d. 567 16 9 J £ 8. d. 200 0 0 £ s. d. 367 16 9 £ r* ! s. d. £ s. d. 367 16 9 I £ s. d. £ s. d. £ s. d. . 367 16 9 Total 567 16 9 567 16 9 200 0 0 200 0 0 367 16 9 367 16 9 367 16 9 367 16 9 .. 367 16 9 367 16 9

l Issued. Issued IN Excess. Voted. Amount Unissued. Expenditure. Credits. Net Expenditure. Imprests. Total. Railways Improvements Account: — 116 Railway Improvements £ B. d. 9,347 17 3 £ s. d. 325 0 0 £ s. d. 9,022 17 3 £ b. d. £ s. d. 9,022 )7 3 £ s. d. 10,000 0 0 £ s. d. 977 2 9 £ s. d. Total 9,347 17 3 325 0 0 325 0 0 9,022 17 3 9,022 17 3 10,000 0 0 977 2 9 I I

Table No. 1— continued. STATEMENT showing the NET ISSUES from the AID TO WATER-POWER WORKS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the IRRIGATION AND WATER-SUPPLY ACCOUNT for the FINANCIAL YEAR ended 31st MARCH, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the WAIHOU AND OHINEMURI RIVERS IMPROVEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

8.—6.

48

o Expenditure. Issued. Voted. Amount Unissued. Issued Excess. Credits. Net Expenditure. Imprests. Total. Aid to Water-powek Works Account :— 117 I Development of Water-power .. — £ s. d. 76,302 15 3 £ s. d. 2,012 0 2 £ s. d. i 74,290 15 1 J £ s. d. £ s. d. 74,290 15 1 £ s. d. 100,000 0 0 ' £ s. d. 25,709 4 11 s. d. Total 76,302 15 3 2,012 0 2 74,290 15 1 74,290 15 1 74,290 15 1 74,290 15 1 100,000 0 0 100,000 0 0 25;709 4 11 25;709 4 11 I I

I Issued. Voted. Amount Unissued. Issued in Ekcess. Expenditure. Credits. Net Expenditure. Imprests. Total. Ibkigation and Water-supply Account :— 118 Irrigation and Water-supply Total £ s. d. 35,674 16 3 35,674 16 3 £ s. d. 3,586 6 0 3,586 6 0 £ s. d. 32,088 10 3 32,088 10 3 £ s. d. £ e. d. 32,088 10 3 £ s. d. 40,000 0 0 £ s. d. 7,911 9 9 £ s. d. 3,586 6 0 32,088 10 3 32,088 10 3 40,000 0 0 7,911 9 9

O Expenditure. Issued. Voted. Amount Unissued. Issued in Excess. Credits. Net Expenditure. Imprests. I Total. Waihou ahd OHiNEMnsi Rivers Improvement Account :— 119 Waihou and Ohinemuri Rivers Improvement £ b. i.\ 10,031 0 3 £ s. d. 26 12 4 £ b. d. 10,004 1 11 £ s. a. £ s. d. 10,004 7 11 £ s. d. 20,000 0 0 £ s. d. 9,995 12 1 £ s. a. Total 10,031 0 3 26 12 4 10,004 7 11 10,004 7 11 20,000 0 0 9,995 12 1

Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. I Total. Land foe Settlements Account: — 114 Land for Settlements Expenses Total I £ s. a. 7,190 7 2 j 7,190 7 2 £ s. a. I 29 15 0 £ s. d. 7,160 12 2 £ s. d. £ s. d. 7,160 12 2 £ s. d. 12,437 0 0 £ s. d. •5,27(3 7 10 £ s. d. 29 15 0 7,160 12 2 7,160 12 2 12,437 0 0 5,276 7 10

8.—6

49

7—B. 6

STATEMENT showing the NET ISSUES from the NATIVE LAND SETTLEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT (OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

STATEMENT showing the NET ISSUES from the NATIONAL ENDOWMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1915, compared with the Amount voted under the Appropriation Act, 1914.

The Treasury, 26th April, 1915. G. F. C. Campbell, Examined and found correct. Secretary to the Treasury. Robert J. Collins, A. 0. Gibbes, Controller and Auditor-General. Accountant to the Treasury.

I ~ . ] Excenditure. Issued. Issued. et Extienditure.i arests. Total. Voted. Amount Unissued. Issued in Excess. i Expenditure. Credits. Net Expenditure. Imprests. Total. Native Land Settlement Account :— 128; Native Land Purchase Expenses Total j i I _ £ s. d. i 1,548 16 9 1,548 16 9 £ ■ui s. a. £ s. a. 1,548 16 9 1,548 16 9 imp , a. I xotai. £ s. d. 1,548 16 9 1,548 16 9 i £. a. d. 1,665 0 0 * 1,665 0 0 & a. d. 116 3 3 116 3 3 & b. d. 1,548 16 9 1,548 16 9 J 1,665 0 0 116 3 3 _ i ! _ —

1 . [ R >" Expenditure. Land fob Settlements Account (Opening up I Crown Lands poe Settlement Account) :— £ s. d. 115 i Roads to open up Land for Settlements .. .. 93,236 9 10 Total .. .. .. .. 93,256 9 10 Issued. Credits. iNet Expenditure^ £ s. d. £ s. d. 281 5 1 92,975 4 9 281 5 1 92,975 4 9 Imprests. £ s. a. 51 1 3 j ! 51 1 3 i Total. £ s. d. 93,026 6 0 93,026 6 0 i Voted. £ s. d. 173,300 0 0 i 173,300 0 0 Amount Unissued. £ s. d. . 80,273 14 0 80,273 14 0 I8SOED IN Excess. £ s. a. I '281 5 1 92,975 4 9 51 1 3 93,026 6 0 173,300 0 0 80,273 14 0 I

i ■*" ■ Expenditure. 6 I Issued. Credits. Net Expenditure. Imprests. J Total. Voted. AMOUNT TSSOED Unissued. ExCEgs ; National Endowment Account :— & s. d. j 120 S Roads to.open up National Endowment Lands .. 9,184 12 8 ' Total .. .. .. 9,184 12 8 £ s. d. £ s. d. £ s. d. 33 19 0 9,150 13 8 ; 33 19 0 9,150 13 8 £ s. d. 9,150 13 8 i ! 9,150 13 8 £ s. d. 40,000 0 0 40,000 0 0 £ s. d. £ s. d. ! 30,849 6 4; 30,849 6 4

8.—6.

50

Table No. 2. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915.

J Amount outstanding. Due Date. Sinking Funds. Net Indebtedness. Bate. Int. ! S.F. Annual ( Amount. Annual Charge. Chai i BGE. When payable. KBMABE8. I ! I : I I i l Aid to Publics Works and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Act, 1910 4? 4? £ j £ 50,000 I £ 50,000 i : o/ o/ % % % 1,750; V 50,000 I 1 April, 1916 50,000 i 3| .. 1,750 I 1 1 April and 1 Oct. i 1 April and 1 Oi • 189,100 189,100 50,000 \) 25.000 j! oon 49,000 !■ 174,000 | 50,000 J 25,700 I) 175,300 \\ 206,000 5,000 j 100,000 I] 105,000 I 625,000 Lf i '" !HU ' uuu 450,000 i) 165,000 ) 50,000 L 255,000 40,000 || 10,000 11 .. AnA 5!000 [ 15 >°°° I 31 Mar., 1916 189,100 \ 189,100 I 34 ; .. 34 3J 4 31 4 4 4 4 4 4 4 4 6 3i 34 31 3i 4 3 6,618 1,750 1,000 1,837 1,875 1,028 6,574 200 4,250 4,200 25,000 i 18,000 6,600 1,875 1,600 375 200 1 854 1,050 350 4,125 937 1,600 8,309 6,618 i I 31 31 Mar. . 30 Sept. 1 Mar. . 30 S Aid fo Public Works and Land Settlement Act, 1911 1 Aid to Public Works and Land Settlement Act, ! 1912 1 Aid to Public Works and Land Settlement Act, 1914 Aid to Water-power Works Act, 1910 .. Appropria'ion Act, 1912 (Irrigation and Water- I supply Account) j Canterbury Loan Ordinance, 1862 Goal-mines Act, 1908 50,000 i\ 25.000 j m ooo 49,000 i i' 4 ' 000 50,000 !) 25,700 11 175,300 \\ 206,000 5,000 j 100,000 105,000 625,000 !. I. 280 . 000 450,000 i 165,000 ) 50,000 L 255,000 40,000 11 1 f\ f\f\{\ \ 10,000 I 5,000 ! I 15 ' 000 12.200 30,000 ) 10,000 I 150,000 110,000 I) 25,000 40,000 237,400 237,400 12.200 30,000 I) 10,000 \\ 150,000 110,000 J ) - ) ) ) ) ) ) 31 Mar., 1920 1 Dec, 1919 1 Jan., 1920 31 Mar.. 1920 ,15 April, 1920 • 15 April. 1920 15 April. 1922 31 Den., 1915 1 Feb., 1916 1 Nov., 1919 1 May, 1920 f 1 Mav, 1918 • 1 Nov., 1919 ( 1 May, 1919 1 Nov., 1919 ! 2 July, 1916 I f 1 April, 1910 i \ 1 April, 1918 I lAnril. 1919 1 April, 1919 1 July, 1919 1 April,1915 19 April, 1915 23,150 50,000 25,000 49,000 50,000 25,700 175,300 5,000 100,000 105,000 625,000 450,000 165,000 50,000 40,000 ( 10,000 \ 5,000 23,150 Cr. 10,950 30,000 10,000 110,000 25,000 40,000 237,400 237,400 11,500 1,600 110,000 30,000 2,000 3,300 17,500 68,100 1,200 50,000 20,600 1,500 1,700 50,000 25,000 49,000 50,000 25,700 175,300 5,000 100,000 105,000 625,000 450,000 165,000 50,000 40,000 !( 10,000 !l 5,000 3 Cr. 10,950 30,000 10,000 110,000 25,000 40,000 237,400 237,400 31 .. 4 4 4 4 :: 4 j .. OS 14 6 1 I 31 .. > 3£ .. I 3} .. : u - 1,750 1,000 1,837 1,875 1,028 6,574 200 4,250 4,200 25,000 18,000 6,600 1,875 1,600 375 200 854 1,050 350 4,125 937 1,600 8,309 I 1 I 1 1 1 15 15 ' 15 i 1 I j 1 I I 1 I 1 I 1 : i ) ] [ 3( ) ] ) ] > i ) i 1 June „ 1 Dec. 1 June „ 1 Dec. 1 Jan. „ 1 July. 1 June , 1 Dec. 15 April „ 15 Oct. , 15 April „ 15 Oct. ' 15 April „ 15 Oct. 1 May „ 1 Nov. 1 Feb. „ 1 Aug. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. 1 M*y „ 1 Nov. 1 May „ 1 Nov. 1 May „ 1 Nov. 30 June „ 31 Dec. 1 April „ 1 Oct. 1 Aoril „ 1 Oct. 1 April „ 1 Oct. j 1 April „ 1 Oct. j 1 Jan. .. 1 July. 1 Jan. „ 1 July. Obtained 30/3/15 for redemp tions;i/4/15. 1 June „ II 1 June „ 1 I 1 Jan. „ 1 Ji 1 June . 1D 5 April „ 15 O 5 April „ 15 0 5 April „ 15 O 1 May „ 1 N 1 Feb. , 1 A 1 May . 1 N 1 May „ 1 N 1 May . 1 IS! 1 May . 1 N 1 May „ 1 N 1 May „ 1N 1 May „ 1 N 0 June „ 31 V 1 April „ 1 O 1 April „ 1 0 1 April „ 10 1 April „ 10 1 Jan. ., 1 J 1 Jan. „ 1 Ji Goal-mines Act, 1908 (Appropriation Act, 1912) .. District llailwavs Purchasing Acts, 1885-86 Finance Act, 1909 Temporary Advance3 25,000 40,000 237,400 237,400 Fruit-preserving Industry Act, 1913 Government Railways Act, 1908 — Raihvavs Improvements Authorization Acts, J 1904-7 I 11,500 1,600 1 110,000 30,000 2,000 - 232,500 3,300 17,500 ! 68,100 1,200 50,000 20,600 j - 75,000 1,500 1,700 \) I 11,500 1,600 > 110,000 30,000 2,000 i - 232,500 3,300 17,500 ! 68,100 1,200 U ' 50,000 '\ 20,600 \\ 75,000 1,500 1,700 \) I ! 3,190,100 ) ) ■ ) 1 April, 1920! 1 Mar., 1920 I 30 June, 1915 ! 30 June, 1915 lAug., 1915 I 1 Feb , 1917 30 June, 1917 1 Jan., 1922 ( 1 Mar., 1920 30 June, 1915 I 1 Feb., 1917 1 Feb., 1922 I 1 Feb., 1923 I 11,500 1,600 110,000 30,000 2,000 3,300 17,500 68,100 1,200 50,000 20,600 1,500 1,700 I 4 .. I 4 • 3J .. I 4 14 ) 4 ) 4 ) 4 ) 4 .. > 3J ) 4 ) 4 4 4 4 4 4 4 4 4 34 4 4 4 i 460 ! 64 3,850 1,200 80 132 700 2,724 48 1,750 824 60 68 113,917 460 64 3,850 1,200 80 132 700 2,724 48 1,750 824 60 68 ) ] 1 ] ) 3( ) 3( ) 3( t ] ) 3( 1 April and 1 Oct. 1 Mar. „ 1 Sept. 30 Jane „ 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 Deo. 1 Feb. „ 1 Aug. 1 Feb. „ 1 Aug. 1 Feb. . 1 Aug. 1 April and 1 C 1 Mar. , 1 S 10 June „ 31 E 10 June „ 31 I 1 Feb. „ 1 A 1 Feb. „ 1 A 10 June . 31 E 1 Jan. . 1J 1 Mar. „ 1 S 10 June „ 31 I 1 Feb. , 1 A 1 Feb. „ 1 A 1 Feb. „ 1 A Finance Act, 1909 .. Oarried forward ! 3,190,100 23,150 23,150 0 3,166,950 3,166,950 113,917

8.-G

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915— continued.

51

Amouni- 01 CT: Dub Date. S jwd? Indebtedvun1jb. ness. Annual Chargf.. F. Kkmabks. Eate. Int. S.F. Amount. When payable. I ~ Brought forward Government Railways Amendment Act, 1910 Hauraki Plains Amendment Act, 1913 .. Hutt Bailway and Boad Improvement Aots, 1903,-) 1905, 1907, and 1910 Irrigation and Water-supply Act, 1913 .. j 50,350 3,000 11,150 42,490 42,560 10,000 4,980 5,000 J 117,000 10,000 12,600 42,590 100.000 5,190 2,000 17,300 35,000 35,100 3,190,100 169,530 14,000 306,680 70,100 23,150 3,166,950 / lFeb., 1917i .. 50,350 1 Feb., 1917 : .. 3,000 1 Jan., 1918 .. 11,150 J 1 Jan., 1918 i .. 42,490 1 1 Jan., 1919 .. 42,560 1 Jan., .. 10,000 1 Jan., 1920 .. 4,980 V 1 Jan., 1920 ; .. 5,000 1 Feb., 1919 ; .. 14,000 , 1 May, 1915 .. 117,000 1 May, 1915 .. 10,000 1 Feb., 1917 .. 12,600 J 1 Feb., 1917 .. 42,590 } 1 May, 1918 .. 100,000 30 June, 1918 .. 5,190 1 May, 1919 .. 2,000 1 Jan., 1922 .. 17,300 ( lOct., 1918 .. 35,000 { lOct., 1919 .. 35,100 1 Nov., 1919 .. 14,000 (30 Sept.,1915 .. 398,000 '(30 Sept.. 1915 .. 2,000 f 1 Aug., 1915 .. 650 1 Jan., 1916 .. 76,150 1 April, 1916 .. 62,000 1 May, 1916 .. 27,000 1 Jan., 1918 .. 44,925 lJan.,191G .. 7,700 I 1 Feb., 1915 .. 1,200 J 1 Aug., 1915 i .. 91,550 1 Jan., 1916 .. 158,985 1 Feb., 1916! .. 60,120 31 M*r., 1916 .. 37,400 1 April, 1916 .. 38,500 I 1 May, 1916 .. 28,700 30Sepu.,1916 .. 128,300 [ Uan.,1917 .. 413,000 23,150 5,317,440 4 4 i 3| 4 3* 3* 34 4 4 4 4 4 j 4 3i ; 3| 3J ! 4 4 i I % 113,917 1,762 1 Feb. and 1 Aug. j 120 1 Feb. . 1 Aug. 390 I 1 Jan. , 1 July. 1,700 1 Jan. „ 1 July. 1,702 1 Jan. „ 1 July. 375 1 Jan. „ 1 July. 199 J 1 Jan. „ 1 July. 187 J 1 Jan. „ 1 July. 560 i 1 Feb. „ 1 Aug. 4,095 I 1 May „ 1 Nov. 400 I 1 May . 1 Nov. 504 f 1 Feb. „ 1 Aug. 1,491 1 Feb. „ 1 Aug. 3,500 I 1 May „ 1 Nov. 208 i 30 June . 31 Dee. 80 1 May . 1 Nov. 692 ! 1 Jan. „ 1 July. 1,400 ; 1 April . 1 Oct. 1.404 1 April „ 1 Oct. 560 , 1 May , 1 Nov. 13,930 I 31 Mar. „ 30 Sept. 80 I 31 Mar. „ 30 Sept. 23 j 1 Feb. „ 1 Aug. 2,665 J 1 Jan. „ 1 July. 2,170 1 April „ 1 Oct. 945 J 1 May „ 1 Nov. 1,572 I 1 Jan. „ 1 July. I 289 I 1 Jan. , 1 July. Matured 31/3/15. 3,662 1 Feb. and 1 Aug. 6,359 i 1 Jan. „ 1 July. 2.405 ' 1 Feb. „ 1 Aug. 1,309 31 Mar. „ 30 Sept. 1,540 1 April „ 1 Oct. ! 1,148 i 1 May „ 1 Nov. 5,132 I 31 Mar. „ 30 Sept,. 16,520 1 Jan. „ 1 Julj. 194,995 j Kauri-gum Industry Amendment Act, 1914 Lands Improvement and Native Lands Acquisi- ( tion Aot, 1894 \ r 398,000 ! 2,000 650 76,150 62,000 J 27,000 44,925 7,700 1,200 91,550 158, 9S5 60,120 37,400 38,500 28,700 128,300 413,000 - 14,000 400,000 Land for Settlements Aot, 1908 Carried forward 1,176,180 4,164,410

8.—6

52

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915— continued.

- - ■■■ £ Brought forward .. .. . .j 1,176,180 f 135,000 67,675 220,015 10,000 168,700 442,650 Land for Settlements Act, 1908— continued. 20,000 27,400 45,000 100,000 83,950 40,000 126,000 U 77.000 ; 10,000 8,000 4,500 10,000 108,000 LandfLaws Amendment Act, 1913 .. 4o'5OO 177^750 19,100 10,500 166,000 30,000 i - i j 'Amount outstanding. £ £ 1,176,180 4,164,410 i 135,000 1 67,675 220,015 10,000 168,700 442,650 20,000 I „ „„ „„ 27,400 M' 7d9,5 '° f 45,000 100,000 83,950 40,000 126,000 77,000 j 10,000 8,000 ! 4,500 10,000 108,000 15,000 599,350 40,500 I ( 177,750 19,100 10,500 166,000 30,000 V £ 4,164,410 2,739,570 Due Date. f™ IN ™ D " Bate. ~ Int. S.F. 23,150 ! 5,317,440 .. .". rlFeb.,1917! .. 135,000 ! 4 | .. 1 Jan., 1918 I .. 67,675 j 4 ! .. lFeb., 1920 .. 220,015 4 j .. 1 Mar., 1920 .. 10,000 4. .. 1 Jan., 1921 I .. 168,700 4 : .. 1 Jan., 192-2 ! .. 442,650 ' 4 : .. i 1 Jan., 1922 ; .. 20.000 4 .. "j lFeb ,1922 ] ... 27,400 I 4 i .. 1 April,1922 : .. 45,000 j 4 : .. 1 Aug., 1922 ! .. 100,000 ! 4 ■ .. 1 J»n., 1923 .. S3,950 i 4 1 April, 1923; .. 40,000 ! 4 : .. 1 May. 1923 .. 126,000 I 4 : .. 15 Mar.. 1-925 .. 77,000 4 I .. ,31 Mar., 1915 .. 10,000 4J 22 July, 1915 .. 8,000 4J I .. lPeb., 1916 .. 4.500 I 4 ! .. i 31 Mar., 1916 .. 10,000 4J . .. 1 April, 1919 .. 108,000 4 .. j lApril,1920l .. 15,000 4 .. , 1 Jan., 1920 .. 40,500 4 .. 1 Feb., 1920 .. 177,750 ! 4 30Mar., 1921 .. 19,100 I i\ 30June, 1921 .. 10,500 j 4 .. 30 Mar., 1924 .. 166,000 I 4J .. 31 Mar., 1924 .. 30,000 1 4J : .. Annual Charge. Amount. When payable. ! I r_ _ I 194,995 5,400 1 Feb. and 1 Aug. 2,707 i 1 Jan. „ 1 July, i 8,801 1 Feb. ,. 1 Aug. I 400 1 Mar. ,. 1 Sept.. 6,748 ! Jan. „ 1 July. 1 17,706 1 Jan. „ 1 July.; 800 ! 1 April , 1 Oct. 1,096 1 Feb. „ 1 Aug. 1,800 ■ 1 April ,. 1 Oct. 4,000 ; 1 Feb. „ 1 Aug. 3,358 1 Jan. „ 1 July. 1,600 ; 1 Api.il „ 1 Oct. 5,040 1 May ., 1 Nov. 3,080 ' 15 Mar. „ 15 Sept. Matured 31/3/15. 340 J 22 Jan. and 22 July. 180 j 1 Feb. „ 1 Aug. 425 ': 31 Mar. „ 30 Sept. 4,320 ; 1 April „ 1 Oct. 600 ! 1 April , 1 Oct. 1,620 1 Jan. „ 1 July j 7,110 I 1 Feb. „ 1 Aug. 812 I 30 Mar. „ 30 Sept. 420 I 30 June „ 31 Dec. 7,470 30 Mar. „ 30 Sept. 1,350 S 31 Mar. „ 30 Sept. ; 9 Jg J 1 Mar. . 1 Sept. ] 10 1000 ' 1 Mar. . 1 Sept. ; 27,650 ' 1 Mar. „ 1 Sept. 13', 825 I 1 Mar. . 1 Sept. 14,560 1 Mar. „ 1 Sept. 1,750 : 1 June „ 1 Dec. I S98 I 1 Jan. „ 1 July. 956 1 Jan. ,. 1 July. 6,000 1 Jan. „ 1 July. 1,750 1 Jan. „ 1 July. : 369,500 I Remarks. 599,350 Local Bodies' Loans Act, 1908 — ! 15,800 I „„ soo 234,500 f I50 ' 6m 250,000 790,000 395,000 1,901,000 i 416,000 50,000 25,650 ) 23,900 - 199,550 150,000 ) 50,000 j i 9,904,180 I 1 Sept.,1919 .. 250,300 \\£\ " I 1 Mar., 1920 .. 250,000 4 .. '• 1 Jan., 1916 .. 790,000 ' 3J ! .. j 1 Mar., 1916 .. 395,000 ! 3* .. 1 Mar., 1918 .. 416,000 : 3J i .. 1 June, 1918: .. 50,000- 3J .. f 1 Jan., 1918 .. 25,650 i 3J \ 1 Jan., 1918 .. 23,900 ! i" : .. ( 1 Jan., 1921 .. 150,000 '• 4 i .. 1 Jan., 1921 .. 50,000 j 3J 23,150 ■ 9,831,030 .. Government Loans to Local Bodies Act, 1886 \ 934' ~00 I 250' 000 790,000 395,000 416.000 50,000 25,650 Maori Land Settlement Aot, 1905 .. \ 23,900 I 150,000 Maori Land Settlement Act Amendment Aot, 1907 Carried forward 250,300 1,901,000 199,550 50,000 9,904,180 !

53

8.—6

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915— continued.

J Brought forward Mining Amendment Act, 1913 .. Native Land Amendment Act, 1913 Native Land Purchases Act, 1892 .. .. Naval Defence Act, 1909* New Zealand Consols Act, 1908.. .. j New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act. 1896 Aid to Public Works and Land Settlement Act, | 1900 1 Aid to Public Works and Land Settlement Act, ' 1901 1 Aid to Public Works and Land Settlement Act, -J 1902 j f Aid to Public Works and Land Settlement Aet,«j 1903 Aid to Public Works and Land Settlement Aot. 1904 Aid to Public Works and Land Settlement Act, | 1905 . I Carried forward .. .. .. I Annual Chabge. Amodxt outstanding. Due Date. Funds'* Indebted- Bate Rhjiabks. NBSB - : ' Amount. When payable. j Int. S.F. 9,904,180 .. 23,150 9,881,030 .. .. 369,500 7,000 11 „ nm I 1 May, 1919 .. 7,000 4 | .. 280 1 May and 1 Nov. 1,000 J ' I 1 May, 1920 .. 1,000 4 : .. 40 1 1 May „ 1 Nov. 98,500 ' wm (1 April, 1919 .. 98,500 | 4 I .. 3,940 1 April , 1 Oct. 50,000 I i «o»«*J I 1 April, 1920 .. 50,000 4 ! .. 2,000 1 April , 1 Oct. j 125,000 I 31 Oct., 1917 .. 125,000 3| .. 4,687 | 30 April ., 31 Oct. j oko nnn '' m ATar lQifi q« e nn f .. ' 4 73,429 ]„,„ , n «„„, ! *Sinking Fund payable on 9od,D00 31 Mar., 1916 .. 953,500 , 33,372 J 31Mar - " 30 be P*- { £1,835,720 for 1915-16. 6 ' 845 |l 475 991 IPeb 1925 ! " I 6 ' 8i5 ! 3 * " 24 ° ' x Peb - » * Au S469,146 1,1 *'°' yyi lJ?eb., 19J5 .. -J 469146 | 4 __ 18,766 1 Feb. . 1 Aug. j 200,000+ 15 Aug., 1921 .. 200,000 3} .. 7,000 15 Feb. ,. 15 Aug. I f Loan may be paid off at any time on six months' 56,500 I , ) / 1 May, 1916 .. 56,500 3J .. 1,977-i 1 May ,, 1 Nov. | notice being given. 41,600 ! I 1R1 RnA ] 1 May, 1916 .. 41.600: 4 .. 1,664- 1 May „ 1 Nov. ! 2,000 iT 101 ' buu ]1 May, 1919 .. 2,000 4 .. 80 1 May ., 1 Nov. 51,500 J ( 1 May, 1923 .. 51,500 4 .. 2,060 1 May „ 1 Nov. 32,600 ,\ ; ' 1 Jan., 1916 .. 32,600 j 3j '< ■■ 1,141 1 Jan. „ 1 July. 300 ! I Uan., 1916 .. 300 ; 4 12 1 Jan. „ 1 July. 10,000 i 1AR 1 Dec, 1916 .. 10,000 4 ! .. 400 1 June „ 1 Dec. 2,500 f lub ' dou p 1 Dec ,1918 .. 2,500 3J .. 87 1 June „ 1 Dec. i 8,100; J 1 Dec, 1918 .. 8,100 3f .. 304 Uune , 1 Dec. 52,800 J , \ 1 Dec, 1918 .. 52,800. 4 .. 2,112 1 June , 1 Dec. 128,000 I) if 1 Dec, 1917 .. 128,000' 3| .. 4,800 Uune , 1 Dec. 70,500 if .„„ snn :j 1 Dec, 1919 .. 70.500' i .. 2,820 1 June . 1 Dec. 3,000;' * D '' auu i 1 Jan., 1922 .. 3,000 4 120 Uune „ 1 Dec. i 266,300 .) ( 1 Dec, 1922 ; .. 266,300 : 4 : .. 10,652 1 June . 1 Dec. 81,525 } 1,1 Jan., 1916 .. 61,525 3J i .. 2,153: Uan. ., 1 July. I 198,465 ! J Uan., 1916 .. 198.465; 4 .. 7,939 Uan. „ 1 July. 200,000 ! 7B - 1Q _ 1 Feb., 1916 .. 200,000, 4 .. 8,000 1 Feb. „ 1 Aug. 12,900 [ ' BD ' 1MU 1 Uan., 1922 .. 12,900: 4 j .. 516 j Uan. , 1 July. ; 12,500 J ! Uan., 1923 .. 12,500 4 ; .. 500 Uan. , 1 July. 299,800* I V 1 Feb., 1924 .. 299,800 j 4 .. 11,992 1 Feb. .. 1 Aug. *Loan may be paid off at any 565,500 1 Aug.,1923 .. 565,500 1 4 .. 22,620 1 Feb. ,. 1 Aug. time on six months' notice being given. 500,000 .1 71 n «nn ' I 1 July, 1916 .. 500,000 1 4 .. 20,000 Uan. . 1 July. ! 210,000 f »««»«"» M Uan., 1921 .. 210,000 4 .. 8,400 Uan. „ 1 July. 14,601,561 I .. 23,150 14,578,411 .. .. 623,603

8.—6

54

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915— continued.

i I j Annual, Charge. Brought forward New Zealand Loans Act, 1908 — continued. Aid to Public Works and Land Settlement Act,-! 1906 Aid to Public Works and Land Settlement Act, -I 1907 I j Consolidated Loan Act, 1867 Consolidated Stock Act, 1884 Defence and other Purposes Loan Act, 1870 -I General Purposes Loan Act, 1873 .. I Immigration and Public Works Loan Act, 1870 I New Zealand Consolidated Inscribed Stock -j Amount oi t £ 5,000 61,750 8,650 29,400 500,000 355,200 5,800 200,000 178,900 605,000 84.500 165^000 194,200 301.000 8,100 16,900 75,000 54,700 5,200 800 20,900 7,000 29,676.607 16,536,567 6,669,980 9,064,857 JTSTANDING. DUE DATE. 14,601,561 I .'. \ 1 1 Jan., 1917 I Uan., 1919 qfiO 000 ! 1 Jau -' 1919 f 960 ' 000 j Uan., 1919 1 Jan., 1922 / j I, 1 Jan., 1922 i I 1 Jan., 1920 goo 700 i! 1 Jan., 1922 989,700 N J j an-jl92 2 i ( 1 Jan., 1923 13,000 15 April, 1920 j [31 Dec, 1919 744,700 ; Uan., 1916 : 1 Feb., 1919! J 131 Dec, 1919 ; ) ( Uuly, 1917 \ 100,000 \ Uuly, 1917 ) ! (15 April, 1920 (28 Nov., 1919 r 60,700 -115 Oct., 1918 j (15 Oct., 1920 ! „ f 15 April, 1920 } i7 ' 900 115 April, 1920 i I 1 Nov., 1929 Ri aAa mi*: ' 1 Jan.. 1940 1Aprilil g4 5 j ( lFeb., 1963 2,500 15 July, 1914 F™ ™f D - Rate. B<™«*sAmount. When payable. Int. f S.F. £ £ % % £ 23,150 14,578,411 j .. .. 623,603 5,000 J 4 I .. 200 ! Uan. and 1 July. 61,750 I 3| .. 2,161 1 Jan. „ 1 July. 8,650| 3f .. 324; 1 Jan. . 1 July. 29,400 ; 4 I .. 1.176 : 1 Jan. , 1 July. 500,000 3J : .. 17,500 1 Jan. „ July. 355,200! 4 .. 14,208 • 1 Jan. , 1 July. 5,800 ! 4 .. 232 : 1 Jan. „ 1 July. 200,000 3J .. 7,000 1 Jan. , 1 July. 178,900 4 .. 7,156 1 Jan. „ 1 July. 605,000 4 .. 24,200 1 Jan. „ 1 July. 13,000 ; 3| .. 487 15 April „ 15 Oct. 84,500 I 3£ : .. a,958 30 June „ 31 Deo. 165,000 3J .. 5,775 1 Mar. „ 1 Sept. 194,200 j 3} ' .. 7,282 ; 1 Feb. „ 1 Aug. 301,000 4 .. 12,040 ! 30 June „ 31 Dec. 8,100 3J .. 284: 1 Jan. , 1 July. 16,900: 4 .. 676: 1 J au . . 1 July. 75,000: 3j .. 2,812 : 15 April „ 15 Oct. 54,700 4 .. 2,188 28 May „ 28 Nov. 5,200; 4 .. 208 I 15 April . 15 Oct. 800 i 4 ; .. 32 I 15 April „ 15 Oct. 20,900 3| .. 784 ! 15 April . 15 Oct 7,000 J 44! .. 315 I 15 April . 15 Oct. 29,676,607 1 4 ! .. 1,187,064: 1 May , 1 Nov. * Does not include £223,795 [16,536,567! 3J i .. 578,780 : 1 Jan. . 1 July. 4-per-cent. (1929),£1,032,365 : 6,669,980 3 .. 200,099 : 1 April , 1 Oct. 3£ - per - cent., £2,990,000 9,064,857 4 ! .. 362,594; 1 Feb. . 1 Aug. 3-percent., and'£1,814,218 2,575 I Cr. 75 5 1 .. Outstanding 31/3/15. 4-per cent. (1963) stock trans ferred to the State Advances Office. ! I New Zealand Loan Act, 1863 Memorandum of security issued to secure repayment to the Imperial Treasury of amount of discount on £1,180,000, part of £3,250,000 loan for redemptions — Aid to Public Works and Land £ Settlement Act, 1910 (£189,100) 9,953 Naval Defence Act, 1909 (£953,500) 50,184 Land for Settlements Act, 1908 (£37,400) .. .. .. 1,969 .. I I I I : I ! I > 62,106 I 62,106 62,106 31 Mar., 1916 i i ' 62,106 3J .. 2,174 31 Mar. and 30 Sepi. New Zealand State-guaranteed Advances Act 1909— I Land or Settlements Branch .. i 25,000 I ,„„ mm 470,000 J 5 ' mo 80,005,178 I 40, 000 { X Ocfc - 1948i { 495 ' 000 1 1 April, 1949 80,005,178 ! i i 25,000 3J .. 875 j 1 April . 1 Oct. 470,000 3| .. 17,625 1 April . 1 Oct. j 25,725 J 79,979,453 .. .. 3,082,812 ' Carried forward .. I I i i III ! ! !

55

8.—6

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915—continued.

i I Annual < Annual Charge. Chai RGE. Amount outstanding, j Doe Date. Sinking Funds. Net Indebtedness. i Bate. Int. I S.P. Amount. When payable. Bbmabks. Brought forward .. New Zealand State-guaranteed Advances Act, 1909— continued. * I £ 80,005,178 1 25,725 J 79,979,453 .. j 3,082,812 u ,\j\JOy a jo ; I Native Land Settlement Branch 20,000 361,600 54,500 30,000 80,000 5,000 I 546,100 1 Oct., 1947 1 Oct.. 1948 546,100 1 April, 1949 j 1 April, 1949 \ 1 April, 1918 5,000 1 April, 1949 I 20,000 ] 3J 361,600 ! 3| 54,500 I 3| 30,000 4 ! 80,000 4 ! 5,000 ! 3f I 50,000 I 3J 10,000 3J 25,000 3f 10,000 i 4 : 3.515 j 3i 112,000 I 3J 60,425 ! 3| J S,800 ! 4 33,000 ! 4 25,000 ! 3J i 10,000 : 3J 5,000 \ 4 i I 700 1 April and 1 Oct. 12,656 1 April „ 1 Oct. 2,044 1 April . 1 Oct. 1,200 ' 1 April „ 1 Oct. 3,200 1 April „ 1 Oct. 187 1 April ., 1 Oct. ! 1,750 1 April „ 1 Oct. 350 1 April „ 1 Oct. 937 1 April „ 1 Oct. 400 1 April „ 1 Oct. 123 1 April „ 1 Oct. 3,920 1 April ,. 1 Oct. 2,266 1 April , 1 Oct. 352 1 April „ 1 Oct. 1,320 1 April „ 1 Oct. 875 1 April „ 1 Oct. 375 1 April „ 1 Oct. 200 1 April „ 1 Oct. Guaranteed Mining Advances Branch Local Authorities Branch — 5,000 i I f 1 Oct., 1947 95 000 J 1Oot - 1948 95,000 N 1 Aprilil949 I [ 1 April, 1918 1 Oct., 1948 1 April, 1948 217,740 1 April, 1949 1 April, 1949 1 April, 1918 ( 1 Oct., 1948 40,000 \ 1 April, 1949 { 1 April, 1918 Hauraki Plains Settlement Account .. -! I ! 50,000 10,000 25,000 10,000 3,515 112,000 60,425 8,800 33,000 25,000 10,000 5,000 i- 95,000 J Opening up Crown Lands for Settlement] Account 1 !- 217,740 Rangitaiki Land Drainage Account .. \ 40,000 New Zealand State-guaranteed Advances Acts, 1909-10— [ r 39,500 741,066 73,700 33,000 99,000 600 8,000 64,850 12,350 144,815 21,500 61,300 22,500 30,000 15,300 10,000 24,000 210,000 f 1 April, 1917 31 Oct., 1917 31 Oct., 1917 1 April, 1918 1 Oct. 1918 1 Nov., 1918 INov., 1918 j Uan., 1919 i fin Aai J 1 Jan., 1919 1,611,481 -I 1Jan _• lgl9 1 Feb , 1919 lFeb., 1919 1 April, 1919 IMay, 1919 1 May, 1919 1 Mar., 1920 IMar., 1923 j l 1 Aug., 1923 I ! i 39,500 4 741,066 ! 3f 73,700 3| 33,000 4 99,000 3J j 600 ; 4 8,000 3J I 64,850 3| j 12,350 3| • 144,815 4 21,500 ! 3f I 61,300 i 4 I 22,500 : 4 30,000 \ 4 I 15,300 > 3f J 10,000 ; 4 i 24,000 : 4 210,000 ! 4 i 25,725 82,494,774 .. ; 1,580 1 April „ 1 Oct. 27,790 30 April „ 31 Oct. 2,579 ! HO April „ 31 Oct. 1,320 1 April „ 1 Oct. 3,465 1 April „ 1 Oct. j 24 1 May „ 1 Nov. 280 1 May „ 1 Nov. 2,270 1 Jan. „ 1 July. 463 1 Jan. „ 1 July. 5,793 j 1 Jan. „ 1 July. 806 1 Feb. „ 1 Aug. 2,452 1 Feb. „ 1 Aug. ! 900 1 April . 1 Oct. 1,200 1 May „ 1 Nov. 574 : 1 May ,. 1 Nov. 400 ; 1 Mar. „ 1 Sept. 960 i 1 Mar. „ 1 Sept. ; 8,400 1 Feb. , 1 Aug. '.'. I 3,176,923 I Land for Settlements Branch .. .. - , 1 Carried forward .. ■ i 12,520,499 ;

8.—6

56

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1915— continued.

I I Amount outstanding. I I Doe Date. Sinking I Net Indebted- v . ness. Kate - I Int. I S.F. J Annual Chaege. Annual Chabge. Amount. When payable. AMOUNT Ot) CTTSTANDING. DUE DATE. *~ n,u ie. I Remakks. Remabks. * U * DS - NESS. * ft « ,e. _ Amouiit. When payable. • Brought forward New Zealand State-guaranteed Advances Acts, 1909-10 — continued. Native Land Settlement Branch .. j Guaranteed Mining Advances Branch.. Post and Telegraph Act, 1908 Public Eevenues Act, 1910 (Reserve Fund Securities Act, 1907) Public Revenues Amendment Act, 1914 (section ] 8, War Expenses —Treasury Bills) Public Works Act, 1908— Paeroa-Waihi Railway Act, 1903 Waikaka Branch Railway Act, 1905 .. .. Rangitaiki Land Drainage Amendment Act, 1913 Rangitaiki Land Drainage Amendment Acts, 1913-14 Scenery Preservation Act, 1908 50,000 30,000 300,000 400,000 300,000 300,000 700,000 10,000 30,000 20,000 19,000 5,000 82,520,499 I I j 1 April, 1919 .- 80,000 J 1April>194 y 10.000 1 July, 1922 200,000 1 July, 1915 800,000 , 1 Aug., 1917 \ : /16 Dec, 1915 i 28 Dec, 1915 ]■ 2,000,000 iJ 16 Jan., 1916 16 Feb., 1916 ,1 ': { 31 Mar., 1915 86,250 31 Mar., 1919 53,476 ■ 1 May, 1915 10,000 1 Mar., 1919 12,000 I lS:pt., 1919 \ (1 Nov., 1916 I 1 May, 1918 84,000 : 1 May, 1919 j I 1 May, 1919 \ 1 May, 1920 ! 1D1. J i 25,725 ! 82,494,774 j ... I .. 50,000 3| I .. 30,000 ; 3| ! .. 10,000 4 200,000 3| 800,000 3£ 300,000 i 400,000 ! 300,000 ;-• ! 300,000 ] 700,000 86,250 : 3 53,476 i 3 10,000 ' 4 12,000 : 4 10.000 : 3J 30,000 ! 3J 20,000 j a§ 19,000 ! 4 5,000 J 4 % 1,875 1 April and 1 Oct. 1,125 1 April „ 1 Oct. 400 1 Jan. „ 1 July. 7,500 ; 1 Jan. „ 1 July. 28,000 I 1 Feb. , 1 Aug. 11,053 14,737 ' 11,053 11,053 25,789 i 2,587 I 31 Mar. and 30 Sept. 1,604 1 May , 1 Nov. 400 i 1 Mar. „ 1 Sept. 480 J 1 Mar. . 1 Sept. 350 ; 1 May ,. 1 Nov. 1,050 ! 1 May . 1 Nov. 750 I 1 May „ 1 Nov. 760 i 1 May „ 1 Nov. 200 j 1 May ,. 1 Nov. 1 : * Interest at the rate of [- £3/10/0 for every £95 raised. J State Advances Act, 1913 — Advances to Settlers Branch.. .. .. Advances to Workers Branch Advances to Local Authorities Branch Waihou and Ohinemuri Rivers Improvement Act, 1910 Wellington-Manawatu Railway Purchase Act, 190S Public Debt Extinction Act, 1910 State Advances Debt (Table 3) Less Sinking Fund in respect of— Government Loans to Local Bodies Acts War and Defence Loans Public Debt Extinction Act, 1910 Naval Defence Act, 1909 Land for Settlements Native-land Settlement Guaranteed Mining Advances .. Section 26 (5a) State Advances Act, 1913 Totals 573,200 , 1 June, 1919 50,000 1 June, 1919 200,000 1 June, 1919 100,000 ; 1 Aug., 1918 500,000 ' IMar., 1916 87,279.425 12,780,485 100.059,910 100,059,910*1 573,200 i 4 50,000 4 200,000 j 4 100,000 j 3± 500,000 4 25,725 87,253,700 646,760 12,133,725 672,485 99,387,425 799,601 192,691 653,116 256,471 I 584,800 11,977 417 J 6,497 ' j 2,505,570 I 2,505,570 3,178,055 96,881,855* .. 22,928 1 June „ 1 Dec 2,000 1 June „ 1 Dec. 8,000 1 June „ 1 Dec. 3,500 1 Feb. „ 1 Aug. 20,000 1 Mar. „ 1 Sept. 161,870 3,515,987 451,036 3,967,023 t * Includes £237,400 raised for redemptions early in succeeding year thus reducing net indebtedness to £96,644,455.

57

8.—6

Table No. 3. Particulars of the Public Debt transferred to the State Advances Office, and Loans raised by or on behalf of that Office for which the Dominion is indirectly liable, as at 31st March, 1915.

B—B. 6.

j» . Annual Charge. Amount outstanding. Due Date. Indebtedness. R ft te. 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 The Government Advances to Settlers Act, 1908. 105,000 1 June, 1915 105,000 3| 3,675 1 June and 1 December. 100,000 1 March, 1916 100,000 4 4,000 1 March and 1 September. 12,900 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 I July 262,900 The New Zealand State-guaranteed Advances Acts, 1909-10. 70,000 I 31 March, 1916 70,000 3| 2,450 I 31 March and 30 September. 1,675,000 31 March, 1916 1,675,000 3| 58,625 31 March and SO September. 205,000 1 December, 1916 205,000 4 8,200 1 June and 1 December. 750,000 23 October, 1917 3|- | 28,125 23 April and 23 October. 42,000 1 August, 1923 42,000 4 1,680 1 February and 1 August. 2,742,000 i j The New Zealand Loans Act, 1908 -N.Z. Consolidated Inscribed Stock. 166,910 1 November, 1929 166,910 ! 4 6,676 1 May and 1 November. 881,848 1 January, 1940 881,848 3J 30,865 1 January and I July. 2,990,000 1 April, 1945 2,990,000 ! 3 ' 89,700 1 April and 1 October. 1,170,885 1 February, 1963 1,170,885 4 46,835 1 February and 1 August. 5,209,643 The New Zealand Loans Act, 1908. — Memorandum, of Security issued to secure Repayment to the Imperial Treasury of Amount of Discount on £1.745.000 Part of £3,250,000 Loan far Redemptions. 91,842 31 March, 1916 I 91,842! U 3,214 31 March'and 30 September.. 91,842 i t 8,386,385, ADVANCES TO WORKERS BRANCH. The Government Advances to Settlers Act, 1908 (Part III). -Workers. 25,000 1 June, 1915 25,000 3£ 875 1 June and 1 December. 15,000 1 July. 1922 15,000 4 600 i 1 January and 1 July 40,000 The New Zealand Slate-guaranteed Advances Acts, 1909-10. 325,000 31 March. 1916 | 325,000 3| 11,375 31 Maroh and 30 September, 205,000 1 January 1919 i 205,000 ' 3J 7,175 1 January and 1 July. 7,000 1 October, 1922 7,000 4 280 i 1 April and 1 October. 750,000 1 August, 1923 ! 750,000 j 4 80,000 1 February and 1 August — 1,287,000 The New Zealand Loans Act, 1908—N.Z. Consolidated Inscribed Stock. 52,743 1 November, 1929 52,743 4 2,110 1 May and 1 November. 147,184 1 January, 1940 147,184 ; 3J 5,151 1 January and 1 July. 155,000 1 February, 1963 155,000 4 6,200 1 February and 1 August. 354,927 8,386,385 Carried forward.

58

8.—6

Table No. 3— continued. Particulars of the Public Debt transferred to the State Advances Office, and Loans raised by or on behalf of that Office for which the Dominion is indirectly liable, as at 31st March, 1915 — continued.

„ , Annual Charge. Amount outstanding. Due Date. Indebtedness. Rate. Amount. When payable. Annual Charge. When payable. RAISED BY TREASURY AND TRAN8FBBBBD— otmtmued. ADVANCES TO WORKERS BRANCH— continued. £ 8,386,385 Brought forward. The New Zealand Loans Act, 1908. — Memorandum of Security issued to secure Repayment to the Imperial Treasury of Amount of Discount on £325,000. Part of £3,250,000 Loan for Redemptions. £ £ % £ 17,105 31 March, I!)Hi 17,105 3| 599 31 March and 30 September. 17,105 1,699,032 LOCAL AUTHORITIES BRANCH. The New Zealand Loans Act, 1908 — N.Z. Consolidated Inscribed Stock. 4,142 1 November, 1929 4,142 4 166 j 1 May and 1 November. 3,333 1 January, 1940 3,333 3| 117 1 January and 1 July. 488,333 1 February, 1963 488,3,33 ; 4" 19,533 1 February and 1 August. 495,808 495,808 Total £10,581,225 (Transferred from Treasury.) RAISED BY SUPERINTENDENT. The Neiv Zealand State-guaranteed Advances Act, 1909. (Advances to Settlers.) 100,000 1 October, 1948 J 100,000 3| 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 I 1 June and 1 December. . 325,000 1 October, 1948 | 325,000 3£ 11,375 1 April and 1 October. 100,000 1 April, 1949 100,000 3f 3,750 1 April and 1 October. 500,000 (Local Authorities Branch.) 400,000 1 April, 1947 400,000 3| 14,000 1 April and 1 October. 425,000 1 October, 1947 425,000 3| , 14,875 1 April and 1 October. 100,000 1 April, 1948 100,000 3J ! 3,500 1 April and 1 October. 361,485 1 October, 1948 361,485 3£ 12,652 1 April and 1 October. 575 1 April, 1949 575 3| 22 i 1 April and 1 October. 275,000 1 April, 1949 275,000 3J 9,625 1 April and 1 October. 200 1 April, 1949 200 ! 4 8 1 April and 1 October. 1,562,260 Total £2,199,260 Superintendent's Debentures. Total £12,780,485 State Advances debt.

59

B.— 6

Table No. 4. Statement of the Estimated Liabilities chargeable on the Consolidated Fund (Revenue Account) outstanding on the 31st March, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, and 1915.

31st March, 1905. ' 31st March, 1906. 31st March, 1907. 31st March, 1908. j 31st March, 1909. 31st March, 1910. 31st March, 1911. 31st March. 1912. I 31st March, 1913. \ 31st March, 1914. 31st March, 1915: I I J I Revenue Account. Permanent Appropriations, — Civil List Interest and Sinking Fund Under Special Acts of the Legislature Subsidies payable to Local Authorities CJnder the Land Acts, payable to Local Authorities Pensions Land Act National Endowments £ s. d. 951 4 11 859 10 4 372 14 8 £ s. d. 460 7 6 S95 6 1 £ s. d. I 287 8 8 849 11 8 ! £ s. d. 332 0 8 I 2,541 18 6 ; £ s. d. 663 15 10 6,324 6 0 £ s. d. £ s. d. £ s. d. 765 13 4 753 11 8 230 18 2 3,939 8 9 1,458 11 10 3,372 10 3 2,787 11 3 '.'. 7,492 13 4 2,212 3 6 \ 3,603 8 5 j £ s. d. £ s. d. ' £ s. d. I 230 18 2 208 6 9 227 16 9 ■ • 3,372 10 3 2,518 4 6 I 14,937 0 0 £ s. d. £ s. d. 208 6 9 227 16 9 2,518 4 6 14,937 0 0 !•! 68 11 8 2,726 11 3 i 15,233 8 5 £ s. d. 143 19 6 8,614 13 4 760 0 0 1,045 0 0 i 1,757 0 1 1,757 0 1 1,757 0 1 1,757 0 1 68 11 8 • • • • 3,940 10 0 3,112 13 8 3,654 0 5 j 5,675 19 3 6,988 1 10 8,758 12 10 - Annual Appropriations, — Legislative Department of Minister of Finance* Postmaster-General Working Railways Public Buildings Maintenance and Improvement of Beads Minister of Justicef Minister of Defence I Minister of Mines Department of Internal Affairs Commissioner of Customs : Minister of Marine Minister of Labour Minister of Lands Minister of Agriculture Minister of Education 76 1 5 I 7 12 6 184. 3 9 64 1 9 2,866 0 4 ; 2,878 12 5 4,269 11 1 2,150 13 8 28,481 0 0 34,910 0 0 36,725 0 0 43,550 0 0 .108,054 11 6 103,381 3 5 119,289 0 0 156,471 0 0 724 11 5 ' 723 15 11 ! 850 14 3 848 18 10 ■ 1,746 8 1 1,297 17 5 1,990 18 9 2,102 11 8 6,071 19 1 3,097 8 4 12,807 17 6 10,685 15 10 : 3,620 12 3 ! 3,944 2 6 33 19 6 62 3 5 176 2 0 74 15 11 1C3 14 4 : 152 2 1 2,308 0 9 1,600 11 3 : 1,780 15 0 427 16 8 182 7 5 592 14 6 41,703 0 0 42,545 0 0 49,039 0 0 63,981 0 0 58,831 19 10 63,566 5 6 191,727 0 0 129,131 0 0 143,363 0 0 172,451 0 0 150,514 0 0 1136,909 0 0 832 0 4 663 9 4 1,543 1 9 1,961 15 11. 3,487 6 1 i 1,719 8 6 1,690 16 1 ! 3,611 7 6 I 448 0 0 5,472 0 0 3,516 0 0 i 6,099 0 0 3,627 5 9 6,733 2 11 6,788 1 3 ! 5.973 6 0 j 12,178 15 11 8,884 4 8 10,583 14 7 : 7,398 6 2 | 3.152 2 10 6,648 6 0 '■ 12,958 10 5 7,055 15 5 1,912 5 10 : 30 16 8 .. .. 61 11 2 I 8,658 17 6 6,765 16 7 \ 7,477 2 11 j 11,549 2 5 ; 11,311 12 2 ; 10,968 16 10 19,064 12 2 d o?o 1( l n I -3,309 10 2 2,469 19 1 I 2,760 16 5 ' 2,927 6 10 1,447 16 4 o,61A "A A J 8 5 i 959 8 9 412 5 5 255 3 6 .. 869 0 7 5,924 14 2 I 4,761 16 5 6,768 15 8 ! 6,170 12 3 j 11,385 5 3 4,065 19 9 8,428 13 4 ' 2,818 1 9 4,044 10 7 | 11,716 11 4 ; 10,403 7 0 8,420 0 0 56 2 6 i 255 18 5 1,979 15 7 ! 850 0 1 I 8,877 16 11 2,402 10 6 246 11 0 397 4 6 79,466 10 8 157,575 0 0 9,195 0 0 6,156 0 0 6,707 6 9 25,369 5 11 6.846 13 11 14,655 17 5 1 5,076 0 7 7,040 16 11 : 8,798 0 7 ' 8,297 3 4 198 2 2 203 15 0 370 17 8 170 9 3 1,571 15 8 ; 1,662 13 1 4,293 5 4 2,730 0 8 292 10 2 351 3 9 485 2 0 j 1,185 7 10 5,250 14 2 J 1,710 1 5 4,561 5 9 [ 18,811 17 4 10.000 11 11 I 6,033 18 6 10,552 12 5 7,166 16 6 3 0 11 2,638 3 0' 327 4 10 1,234 2 1 465 17 10 2,625 5 2 3,134 0 0 13,S62 8 2 Services not provided for 177,390 15 7 171,695 1 4 204,456 15 3 250,113 2 8 1171,695 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 0 269,907 7 6 280,144 10 8 211,357 15 8 233,514 11 7 290,054 16 3 1286,396 18 0 327,937 3 5 i 1 i I 21 9 0 783 19 3 I 6 11 10 21 9 0 783 19 3 6 11 10 10,922 12 3 647 9 1 ! 82 10 1 i 10,922 12 3 647 9 1 82 10 1 Totals 287,132 12 6 229,773 1 3 236,374 i 2 293,740 14 9 289,123 9 3 285,140 15 11 |287,132 12 6 289,123 9 3 1336,695 16 3 181,331 5 7 174,829 4 0 : |208,894 14 11 255,795 13 4 229,773 1 3 236,374 i 2 293,740 14 9 I I * Includes rates on Crown lands. i Includes Native and Crown Law.

8.—6

60

Table No. 5. Statement of the Estimated Liabilities chargeable on the Public Works Fund outstanding on the 31st March, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, and 1915.

: 31st March, 1905. 31st March, j 31st March, ! 31st March, i 31st March, ■ 31st Marcn, 31st March, 1906. 1907. 1908. 1909. 1910. 1911. ! i i |_ I 31st March. 1912. 31st March, 1913. I 31st March, 1914. 31st March. 1915. Annual Appropriations — Public Works, Departmental Railways Utilization of Water-power .. Development of Water-power Irrigation ana Water-supply Public BuiHings Lighthouses an3 Harbour-works Tourist ana Health Resorts Immigration Eoaas Development of Goiafieia? .. Native Lands Purchases Telegraph Extension Bates on Native Lanas Contingent Defence Lanas Improvement i £ s. a. £ s. a. : £ s. a. £ s. a.l £ s. a. a s. a. £ s. a. & s. a. & s. a. & s. a. £ s. a. 97 18 4 47 3 3| 34 0 0 283 19 3 566 16 8 105 17 1 \ 1,930 0 C .. 210,656 18 10 196.099 10 8:210,242 19 T 797,179 13 4 761,628 0 5 687,004 6 2i 636,640 12 11 I 622,761 12 2,255,340 3 0 287,777 3 10 417,718 0 C 8 1 11 3 18 6 I 212 13 6 ! 56,157 9 1 100 ; 38,887 18 5 51,967 11 8 I 34,813 6 4 60,328 4 8 52,457 9 5 200,406 17 31221,135 14 6:176,855 6 3 80,910 10 11 235,148 17 9- 175,040 13 11 .. ; 316 5 5 158 10 8 ! 637 0 0 83 10 1 793 6 3 286 0 7 1 347 5 7 722 19 6 527 9 . 8 945 13 9 I 133 14 7 2,285 6 3 39,046 16 7 : 21,805 19 8; 12,446 16 2 7,369 12 9 5,142 4 4 442 1 9 880 17 6 1,791 0 0 I 4,889 0 0 ] 1,642 0 C 667 4 li 7 15 0 2,857 14 0 159 0 0 22 0 0 3,595 6 10 98,326 1 7 139,080 6 4 '109,681 12 % 132,260 17 2 155,275 0 4 69,553 9 4: 157,326 0 0 219,069 0 0 j 162,258 11 6 226,114 16 4 250,195 0 6 1,794 16 3 2,886 10 5! 2.616 18 8| 4,10112 1 ! 4,400 10 8 2,290 16 2: 2,034 4 7j .. .. 1,192 4 9 499 12 2 4,580 11 8 51 5 4 .. ' .. 30,114 0 0 83,295 0 0 | 75,110 5 1 103,550 0 0 68,837 0 0 39,310 0 0 71,904 0 0 111,372 0 0 , 171,297 1 0 I 235,665 16 3 247,113 17 4 300 0 0 360 0 0 ! 669 15 0 ; 11 0 0 38,151 0 0 13,329 0 0 : 65 13 0 .. 303 9 8 221 18 91 33 5 10 .. .. 55 0 0 288 15 1 381 0 5 393 9 4 828 11 8 1,155 6 7 407 11 11 574 14 ll! 1.973 12 0 148 15 2 j 1,240 18 2 203 16 1 i 399 7 i Services not proviaed for Totals 425,802 0 9 : 526,671 19 6 457,139 4 41,111124 15 11,054,427 13 91,004,996 10 91,092,106 10 8 1,191,847 5 9 j 673,932 10 11 992,098 5 Iβ 1,094,961 0 11 122 0 0 : . I j ..425.802 0 9 52=5,671 19 6 457,139 4 41,111,124 15 11,054,427 13 91,004,996 10 91,092,106 10 8 1,191,969 5 9 673,932 10 111992,098 5 10 jl,094, 961 0 11 II II ' ; I I 4 41,111,124 15 11,054,427 13 91,004,996 10 91,092,106 10 8 1,191,847 5 9 | 673,932 10 11 122 0 0 992,098 5 10 1,094,961 0 1 992,098 5 10 jl,094, 961 0 1

61

8.—6

Table No. 5— continued. Statement of the Estimated Liabilities chargeable on the undermentioned Separate Accounts outstanding on the 31st March, 1905, 1906, 1907, 1908, 1909, 1910, 1911, 1912, 1913, 1914, and 1915.

31st March, 1905. 31st March, 31st March, 31st March, 1906. 1907. 1908. 31st March, 31st March, 31st March, 1909. 1910. 1911. 31st March, 1912. 31st March, 1913. 31st March, 31st March. 1914. 1915. £ s. a. £ s. a. State Forests Account .. .. .. 527 i 8 225 19 0 State Coal-mines Account .. .. .. 18 19 1 Scenery Preservation Account .. .. .. 16 8 3 Lana for Settlements Account .. .. 8,636 2 11 6,194 3 8 Maori Lana Settlement Act Account Loans to Local Boaies Account .. .. 3,505 9 2 6,087 13 6 Hauraki Plains Settlement Account Paeroa-Waihi Railway Account .. .. 896 2 10 Wellington-Hutt Railway ana Roaa Improvement Account .. .. .. .. 7,851 17 8 19,707 1 6 Aia to Water-power Works Account .. .. Irrigation ana Water-supply Account Waikaka Branch Railway Account Railways Improvements Account .. .. .. 7,856 11 S Cheviot Estate Account State Aavances Account .. .. .. 48 12 9 28 7 2 Public Trustee's Account .. .. Government Life Insurance Account .. 1,238 5 4 1,019 2 6 Government Aeeiaem Insurance Account State Fire Insurance Account .. .. 450 0 0 National Enaowment Account Opening up Crown Lan3s for Settlement Account! Native Lana Settlement Account .. .. | Rangitaiki Lana Drainage Account .. ..j Waihou ana Ohinemuri Rivers Improvement i Account .. .. .. .. I Kauri-gum In3ustry Account .. .. i War Expenses Account .. .. .. | i £ s. a. £ s. a. £ s. a. I £ s. a. 1,730 15 10 1,326 3 4 581 17 1 161 8 4 13,606 4 9 53 18 8 682 0 4 18 9 1 j 113 7 0 4,900 0 10 3.455 18 3 2,544 3 8 1,664 14 5 747 4 7 6 12 9 150 7 0 2,656 2 8 5,499 11 5 5,978 9 4 | 7,645 12 8 551 17 3 ; 759 7 9 8,422 0 0 : 8,671 0 0 19,638 0 0 15,320 0 0 '.'. 520 17 10 33,809 0 0 20,304 0 0 22,494 0 0 19,277 0 0 6 12 0 103 19 4 132 4 10 129 12 7 355 7 6 : 24,871 10 0 7,756 8 7! 1,069 15 2 326 11 0 1,213 14 9 2,553 7 0 562 6 4 682 1 11 614 14 4 88 6 8 .. 632 9 10 790 18 0 725 5 0 £ s. a. a s. a. £ s. a. s. %. a. £ s. a. 559 10 600 19 8 ! 390 4 6 183 10 7 ! 286 10 1 14,547 3 9 .. 10,707 3 7 2,044 15 10 83 8 0 102 2 3 76 8 9 .. 131 6 0 2,849 17 1 2,977 3 9 j 1,195 19 0 3,385 13 7 3,452 5 4 21 19 2 1,861 3 1 163 7 10 45 15 7 165 3 9 15,324 0 0 7,600 0 0 7,777 0 0 ; 3,679 0 0 200 0 0 132,162 1 4 34,964 0 6 12,919 0 0 50 0 0 200 0 0 6,740 0 0 31,352 0 0 132,486 0 0 103,233 0 0 ■ 63,669 0 0 318 11 5 389 0 11 470 8 8 899 0 0 I 331 3 11 432 10 0 412 11 10 ' 1,256 11 0 447 19 0 645 6 6 543 18 4 606 14 4 293 8 10 313 16 5 279 1 4 904 15 10 884 1 7 711 18 4 1,507 9 2 819 16 5 4,945 3 0 4,687 5 8 2,732 18 3 468 0 0 4,862 0 0 10.376 0 0 9,582 0 0 9,396 0 0 13,566 0 0 14,362 0 0 173 18 3 429 10 0 2,559 10 11 2,567 17 10 1,294 8 9 142 15 3 889 3 8 310 13 4 344 5 7 117 19 1 9,902 5 6 8,050 1 1 8,215 18 0 4,558 0 0 188 8 11 596,709 15 1

B.— 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, 1915.

62

I WAYS AND MEANS. Loans :— £ a. d. Immigration and Public Works Loan, 1870 .. .. .. 4,000,000 0 0 Immigration and Public Works Loan, 1873 .. .. .. 2,000,000 0 0 Immigration and Public Works Loan, 1874 .. .. .. 4,000,000 0 0 General Purposes Loan Act, 1873 .. .. .. .. 750,000 0 0 New Zealand Loan Act, 1876 .. .. .. .. .. 750,000 0 0 New Zealand Loan Act, 1877 .. .. .. .. .. 2,200,000 0 0 , ' New Zealand Loan Act, 1879 .. .. .. .. .. 5,000,000 0 0| New Zealand Loan Act, 1882 .. .. .. .. .. 3,000,000 0 0 New Zealand Colonial Inscribed Stock Loan Act, 1882 .. .. 250,000 0 0 North Island Main Trunk Railway Loan Aot, 1882 .. .. 1,000,000 0 0 New Zealand Loan Act, 1884 .. .. .. .. .. 1,500,000 0 0 , New Zealand Loan Act, 1886 .. .. .. .. .. 1,325,000 0 0 District Railways Purchasing Acts, 1885 and 1886 .. .. 479,487 7 11 New Zealand Loan Act, 1888 .. .. .. .. .. 1,000,000 0 0 Native Land Purchase Act, 1892 .. .. .. .. .1.49,700 0 0 Lands Improvement and Native Lands Acquisition Act, 1894 .. 500,000 0 0 Aid to Public Works and Land Settlement Act, 1896 .. ..I 1,000,000 0 0 Aid to Public Works and Land Settlement Amendment Act, 1897 .. I 250,000 0 0 Aid to Public Works and Land Settlement Amendment Act, 1898.. , 500,000 0 0 Aid to Public Works and Land Settlement Act, 1899 .. .. 1,000,000 0 0 Aid to Public Works and Land Settlement Act, 1900 .. .. 1,011,600 0 0 Aid to Public Works and Land Settlement Act, 1901 .. .. 1,250,000 0 0 Aid to Public Works and Land Settlement Act, 1902 .. .. 1,750,000 0 0 Aid to Public Works and Land Settlempnt Ace, 1903 .. .. 997,690 0 0 Aid to Public Works and Land Settlement Act, 1904 .. .. 750,000 0 0 Aid to Public Works and Land Settlement Act, 1905 .. .. 1,000,000 0 0 Aid to Public Works and Land Settlement Aot, 1906 .. .. 989,700 0 0 Aid to Public Works and Land Settlement Act, 1907 .. .. 1,000,000 0 0 Aid to Public Woiks and Land Settlement Act, 1908 .. .. 1,250,000 0 0 Aid to Public Works and Land Settlement Act, 1909 .. .. 1,000,000 0 0 Aid to Public Works and Land Settlement Act, 1910 .. :. 1,750,000 0 0 Aid to Public Works and Land Settlement Aot, 1911 .. .. 1,500,000 0 0 Aid to Public Works and Land Settlement Aofc, 1912 * .. .. 1,748,900 0 0 Aid to Public Works and Land Settlement Act, 1913 .. ... 1,750,000 0 0 Aid to Public Works and Land Settlement Act, 1914 .. '.. 1,525,000 0 0 The Finance Act, 1909 .. .. .. .. ..j 1,250,000 0 0 The Post and Telegraph Act, 1908 .. .. .. .. 200,000 0 0 Midland Railway Petitions Settlement Acts, 1902-3 .. .. 150,000 0 0 Paeroa-Waihi Railway Act, 1903 .. .. .. .. 75,000 0 0 Waikaka Branch Railway Act, 1905 .. .. .. .. 50,000 0 0 Wellington and Manawatu Railway Purchase Act, 1908* .. .. 1,000,000 0 0 £ s. a. Rbceipts in Aid : — Amount transferred from Consolidated Fund .. .. .. 10,305,000 0 0 Contributions of Canterbury Province for Railways .. .. 56,000 0 0 Proceeds of Railway Material banded over to Cook County Counoil i 4,963 7 4 Stamp Duties to 31st December, 1876 .. .. .. .. 264,657 16 4 Transfer from Confiscated Lands Liabilities Account .. ,. 19,963 1 3' Receipts under Section 16 of the Reserves and other Lands Disposal and Public Bodios Empowering Act, 1912 .. .. .. 21,890 4 5 Special Receipts under tection 9 of the Railways Construction Aot, 1878 ..■ .. .. .. .. .. .. I 60,616 3 0 Special Receipts under the Ellesmere Lake Lands Acta, 1888 and 1893 .. .. .. .. .. .. .. 48,880 6 9 Special Receipts under the Railways Authorization and Mauagement Act, 1891 .. .. .. .. .. .. 2,257 1 9 Special Receipts under tho North Island Main Trunk Railway Loan | Application Act, 1886 .. .. .. .. .. j 114,550 19 6 Sinking Funds released .. .. .. .. ..I 506,819 19 3 __ l] 52,652,077 7 11 ct cm f\n< ■2,652,07' .1,405,59 11 7 11 38 19 7 11,405,598 19 7 Gα / £64,057,676 7 6 £64 gpvi NET EXPENDITURE. £ s. d. Expenditure on— £ s. d. Immigration .. .. .. .. .. .. .. 2,321,739 5 2 Public Works, Departmental .. .. .. .. .. 951,463 16 3 Railways, inoluding Surveys of New Lines .. .. ..I 33,039,36110 0* Roads .. .. ., .. .. .. .. .. 10,615,759 9 6f Land Purchases .. .. .. .. .. .. 2,063,802 13 4 Development of Goldfields .. .. .. .. .. 884,820 9 8 Telegraph Extension .. .. .. .. .. .. 2,958,168 7 0 Public Buildings .. .. .. .. .. .. 6,288,790 19 1 J Lighthouses, Harbour Works, and Defences .. .. .. 1,122,634 17 1 Contingent Defence .. .. .. .. .. .. 989,616 9 1 Rates on Native Lands .. .. .. .. .. .. 68,67116 10 Thermal Springs .. .. .. .. .. .. 14,599 13 2 Tourist and Heath Resorts .. .. .. .. .. 252,747 14 5 Lands Improvement .. .. .. .. .. .. 134,564 10 1 Charges and Expenses of raising Loans .. .. .. .. 1,253,030 6 11 Coal-mines .. .. .. .. .. .. .. 10,835 8 0 Interest a.nd Sinking Fund .. .. .. .. .. 218,500 0 0 Payment to Midland Railway Bondholders .. .. .. 150,000 0 0 Irrigation and Water-supply .. .. .. .. .. 4,356 5 0 Development of Water-power .. .. .. .. .. 18,450 14 1 £ s. d. 6£ 63,361,914 4 8 8,881,91' L4 4 8 Balance on 31st March, 1915,— Cash in the Public Account .. .. .. .. ..I 596,100 14 6 Advances in the hands of Officers of the Government .. .. j 99,661 8 4 I 695,762 2 10 695,76! 52 2 10 £64 £64,057,676 7 6 4,057,671 re 7 o 1 Receipts and expenditure under the WelllngtOU-Manawatu Uailway Purchase Act, l'JOH, now included t Has been reduced by ±'89,800 received under section 31 of the Government Loans to Local Bodies Act, 1 ] Includes iU5,000 expended under the Reserves and other Lauds Disposal and Public Hodics Enipowcri uded. Act, 1880. >weHng Act, 1914. a. 1880. inf! Act, 19 914.

63

B_—6

Table No. 7. Estimated Expenditure of the Consolidated Fund (Revenue Account) for 1915-16, compared with Actual Expenditure of 1914-15.

Table No. 8. Estimated Revenue of the Consolidated Fund (Revenue Account) for 1915-16, compared with the Actual Revenue of 1914-15.

Estimate for 1916-10. I Actual for 1914-15, Differences. Increase. Decrease. , Revenue Account. Permanent Appropriations,— £ Civil List .. .. .. .. .. .. 24,100 Interest and Sinking Fund .. .. .. ..3,112,343 Under special Aets .. .. .. .. .. 1,486,850 4,623,293 c ] £ 24,100 3,112,343 1,486,860 £ 24,100 3,112,343 1,486,850 £ 21,954 3,071,448 1,411,775 £ 21,954 3,071,448 1,411,775 £ £ 2,146 40,895 75,075 4,623,293 4,623,293 4,505,177 4,505,177 118,116 118,116 Annual Appropriations,— Legislative Departments .. .. .. .. 37,323 Departments of Finance .. .. .. .. 165,492 Post and Telegraph Department .. .. .. 1,294,504 Working Railways Department .. .. .. 2,920,000 Public Buildings, Domains, and Maintenance of Roads .. 123,750 Native Department .. .. .. .. .. j 25,563 Justice Department .. .. .. .. .. j 469,656 Mines Department .. .. .. .. .. 36,485 Department of Internal Affairs.. .. .. .. 408,866 Defence Department .. .. .. .. .. 492,265 Customs, Marine, and Inspeotion of Machinery Depart- 180,920 ments Department of Labour .. .. .. .. | 31,377 Department of Lands and Survey .. .. .. i 239,357 Department of Agriculture, Industries, and Commerce .. ; 213,946 Education Department .. .. .. .. j 1,390,445 8,029,949 37,552 170,134 1,244,569 2,881,097 117,676 24,005 442,478 29,170 489,206 499,137 149,200 229 4,642 49,935 38,913 6,074 1,558 27,178 : 7,315 , 80,340 6,872 31,720 : 28,142 239,043 206,731 1,207,983 • • ' .. ' 3,235 314 7,215 182,462 355,919 92,083 7,766,113 Services not provided for 108,513 108,513 Total .. .. .. .. 12,653,242 12,379,803 474,033 i 200,596 200,596 ; 278,489

Estimate for 1918-10. Actual for 1914-15. Diffe: •ences. Increase. Decrease. Revenue Account. £ 2,700,000 4,000,000 1,200,200 1,345,000 790,000 525,000 124,000 100,000 50,400 419,000 210,000 92,654 Ordinary Revenue, — Customs Railways Stamps and Death Duties Postal and Telegraph Land-tax Inoome-tax.. Beer Duty Registration and other Fees Marine Miscellaneous Territorial Revenue Endowment Revenue £ 3,167,283 4,106,675 1,417,207 1,353,443 799,641 540,318 127,660 101,020 50,387 461,498 239,623 78,770 £ a. 467,283 106,675 217,007 8,443 9,641 15,318 3,660 1,020 13 42,498 29,623 .3,884 Total 13,897 901,168 13,897 887,271 11,556,254 12,443,525

8.—6

64

Table No. 9. Statement showing the Amount charged to "Unauthorized" in each Financial Year from 1st July, 1875, to 31st March, 1915.

Authority : John Mackay, Government, Printer, Wellington. 1915.

Consolidate sd Fund.—Revenue Account. Financial Year. Services not provided for. QlHER • Accounts. Public Wokir Fund. Total. Excess of Votes. Total. 1875-76 .. 1876-77 .. 1877-78 .. 1878-79 .. 1879-80 .. 1880-81 .. 1881-82 .. 1882-83 .. 1883-84 .. 1884-85 .. 1885-86 .. 1886-87 .. 1887-88 .. 1888-89 .. 1889-90 .. 1890-91 .. 1891-92 .. 1892-93 .. 1893-94 .. 1894-95 .. 1895-96 .. 1896-97 .. 1897-98 .. 1898-99 .. 1899-1900.. 1900-1901 .. 1901-1902 .. 1902-1903.. 1903-1904 .. 1904-1905 .. 1905-1906 .. 1906-1907.. 1907-1908.. 1908-1909 .. 1909-1910.. 1910-1911.. 1911-1912.. 1912-1913.. 1913-1914.. 1914-1915 .. I I £ 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 8,985 3 7 22,422 16 10 3,188 17 7 i 2,258 19 7 8,808 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 36 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 8 109,512 12 4 £ s. d. £ s. d. 19,195 17 1 ! 32,363 1 9 13,398 7 0 i 31,796 4 1 58,709 17 2 77,789 9 8 47,400 4 5 58,880 0 6 18,466 2 1 24,284 11 10 37,825 6 6 43,977 0 3 38,474 18 9 42,374 15 0 64,631 0 2 : 69,104 15 10 45,284 2 6 52,577 12 3 39,039 17 11 45,021 15 7 47,106 10 3 56,444 1 5 38,117 13 5 52,455 13 0 42,104 15 10 49,408 13 8 35,157 16 5 I 38,679 14 7 43,257 1 0 ! 47,669 6 3 76,778 5 11 87,388 0 11 21,026 16 4 23,314 19 6 28,283 15 11 30,025 3 9 7,376 7 4 9,726 14 4 9,148 0 5 18,133 4 0 16,229 5 9 38,652 2 7 ! 24,195 2 9 27,384 0 4 39,314 13 4 41,573 12 11 36,468 0 10 39,773 16 9 60,652 13 7 71,840 7 3 62,788 3 2 89,156 1 8 68,860 10 9 72,702 17 9 L01,076 10 4 110,103 15 8 47,775 11 4 51,120 2 4 22,109 12 2 28,324 16 10 52,385 3 7 60,962 0 2 28,559 6 2 i 33,548 15 3 37,713 8 11 41,846 12 2 50,890 5 1 i 65,017 13 2 23,100 14 0 38,424 19 7 27,200 14 6 37,628 3 10 •02,950 14 7 83,282 17 8 115,428 2 5 117,934 17 5 80,228 10 11 84,959 6 7 68,004 2 1 177,510 14 5 £ s. d. i 3,155 9 2 3,490 0 1 i 653 6 5 i I 3,938 14 8 i j 1,005 3 10 i I 13,443 11 3 i I 13,590 6 10 I I 12,343 2 2 I I 9,003 18 7 7,163 15 8 i 13,965 10 1 i 6,212 10 7 i 27,821 16 11 ' 13,500 2 8 23,631 7 1 5,459 18 11 9,183 10 6 i 4,754 17 10 522 12 2 i 1,890 7 5 16,995 9 9 24,726 3 6 4,743 17 10 2,304 8 10 j 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 i 853 3 5 £ 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 8 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 8 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 17,538 3 7 6,955 4 10 12,837 3 6 9,584 9 11 31,862 8 8 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 8 16,671 8 3 8,189 3 10 £ s. d. 99,394 2 7 37,483 14 7 100,452 10 1 94,997 16 8 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 8 51,471 0 10 89,125 11 7 191,403 0 8 101,767 15 6 186,559 1 8 i