INVESTMENT OF DEPARTMENTAL FUNDS (RETURN SHOWING).

Appendix to the Journals of the House of Representatives, 1923 Session I-II, B-11

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Session 11. 1923. NEW ZEALAND

INVESTMENT OF DEPARTMENTAL FUNDS (RETURN SHOWING).

Presented to both Houses of the General Assembly pursuant to Section 91 of the Public Revenues Act. 1910.

Return showing the Investments of the Funds of the Post Office, Public Trust Office, Commissioners of Public Debt Sinking Funds, State Advances Office, and New Zealand Consols Account during the Financial Year ended 31st March, 1923.

Compiled from returns rendered. The Treasury, Ist June, 1923. J. J. Esson, Secretary to the Treasury. R. E. Hayes, Accountant to the Treasury. Examined and found correct. —G. F. C. Campbell, Controller and Auditor-Genera!.

Investments. Rate of Interest per Cent Post Office Account. Public Trustee's Account. Commissioners of Public Debt Sinking Funds Account. State New Advances Zealand Account. , C ° u s°' s Account. New Investments— Government seourities — Aid to Public Works and Land Settlement Act, 1921 Discharged Soldiers Settlement Loans Act, 1919, sec. 4 Discharged Soldiers Settlement Loans Act, 1920 ( (Post Office investment certificates) }. Education Purposes Loans Act, 1919 Financo Act, 1920, sec 15 (Nauru and Ocean Islands) Hauraki Plains Amendment Act, 1913. and Finance Act, 1921-22, sec. 23 Housing Act, 1919, sec 30 .. Native Land Amendment Act, 1913 Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22, see. 23 Swamp Drainage Act, 1915, and Appropriation Act, 1918, see. 46 Waihi Borough Council debentures Fixed deposits in London with various banks 44 44 5 54 44 5 44 £ 300,000 700,000 20,150 29,050 250,000 £ £ 30,400 3.000 £ £ 80,000 £ 80,000 44 44 44 2,900 55,000 45,000 55,000 45,000 44 20,000 I 20,000 54 12,000 637,000 Total new inve tments .. 1,311,200 637,000 36,300 200,0(10 Total renewed investments (details in separate statements) Grand total 6,571,216 25,450 112,240 7,882,416 637,000 61,750 200,000 112.240

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Statement showing Particulars of New Investments and of Securities renewed by the Post Office Savings-bank during the Year ended 31st March, 1923.

General Post Office, H. A. Huggins, Wellington, 25th May, 1923. Controller of Savings-banks and Accounts.

Particulars. Kate of Interest per Cent. Due Date of Securities. j Amount. New Investments (Post Office Savings-bank). Aid to Public Works and Land Settlement Act, 1921 £ 300,000 650,000 50,000 250,000 12,000 Discharged Soldiers Settlement Loans Act, 1919, sec 4 Finance Act, 1920, sec. 15 (Nauru and Ocean Islands) Waihi Borough Council Debentures 44 f4i 144 5 54 1 Dec, 1929 1 Mar., 1925 3 Mar., 1926 1 Dec, 1925 1 Dec, 1952 54 54 54 54 54 54 5 5 5 5 54 5 5 21 April, 1927 17 May, 1927 19 June, 1927 14 July, 1927 18 July, 1927 24 Aug., 1927 14 Sept., 1927 26 Oct., 1927 14 Nov., 1927 16 Jan., 1928 15 Jan., 1928 26 Jan., 1928 22 Feb., 1928 1,262,000 New Investments (Post Office Investment Certificates). 4,800 1,900 2,300 2,000 8,300 3,400 3,400 6,500 3,300 3,700 6,350 2,250 1,000 Discharged Soldiers Settlement Loans Act, 1920 Total new investments 49,200 1,311,200 Renewed Investments (Post Office Savings-bank). Aid to Public Works and Land Settlement Act, 1902 Aid to Public Works and Lantl Settlement Act, 1914 Aid to Water-power Works Act, 1910 Defence and other Purposes Loan Act, 1870 Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, sec. 82 Finance Act, 1916, sec 35 Finance Act, 1916, sec 35 Finance Act, 1916, sec. 35, and Appropriation Act, 1917, sec 27 Finance Act, 1916, sec. 49 (Aid to Public Works) Finance Act, 1916, sec 50 (State Forests) Finance Act, 1917, sec. 77 (Aid to Public Works) Finance Act, 1918 (No. 2), sec. 30 (Cold Storage Advances) Fruit-preserving Industry Act, 1913 Government Railways Act, 1908, and Railways Improvement Authorization Acts, 1904-7 Government Railways Amendment Act, 1910 Land for Settlements Act, 1908 .. .. .. . . . . Land Laws Amendment Act, 1913 . . . . .. .. \ 44 44 44 44 44 44 44 44 44 44 44 44 44 1 Dec, 1927 1 Nov., 1927 1 May, 1929 1 July, 1929 1 Mar., 1929 1 April, 1930 11 Sept., 1922 11 Sept., 1922 1 Aug., 1928 1 Aug., 1928 1 Aug., 1930 1 Mar., 1928 1 April, 1929 30 June, 1929 128,000 45,100 10,000 8,100170,000 1,120,000 "27,100 •15,900 550,000 25,000 350,000 50,000 10,800 1,000 Local Bodies' Loans Act, 1908 Maori Land Settlement Act, 1905 44 44 44 44 44 44 44 44 4 1 44 1 Jan., 1929 1 Jan., 1929 1 Dec, 1927 1 April, 1928 1 Mar., 1928 1 Jan., 1929 13 Sept., 1922 1 April, 1928 31 Oct., 1927 23 Oct., 1927 36,350 68,125 100,000 25,000 416,000 34,175 •20,000 50,000 125,000 750,000 Native Land Amondment Act, 1913 Native Land Purchases Act, 1892 New Zealand State-guaranteed Advances Acts, 1909-10 (Advances to Settlers Branch) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements j Branch) ( Public Revenues Act, 1910 (Reserve Fund Securities Aot, 1907) Railways Improvement Authorization Act, 1914 Rangitaiki Land Drainage Amendment Act, 1913, and amendments Swamp Drainage Act, 1915 War Purposes Loan Act, 1917 .. .. .. . . .. < 44 44 44 44 44 1 i 44 44 44 31 Oct., 1927 1 April, 1929 1 Aug., 1927 1 Aug., 1928 1 Mar., 1929 1 May, 1929 18 Sept., 1922 28 Sept., 1922 15 Nov., 1927 741,066 39,500 800,000 75,000 25,000 5,000 •250,000 •250,000 250,000 Total renewed investments .. .. 6,571,216 Grand total new and renewed investments £7,882,416 * These investments were redeemed during the year.

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Statement of Investments made by the State Advances Office during the Financial Year ended 31st March, 1923.

State Advances Office, Wm. Waddel, Wellington, 21st May, 1923. Superintendent.

Return of the Investments made by the Commissioners of the Public Debt Sinking Funds during the Financial Year ended 31st March, 1923.

J. H. Fowler, Secretary to the Commissioners. Office of the Commissioners of the Public Debt Sinking Funds, Wellington, 23rd April, 1923.

Return of Investments made by the Registrar of New Zealand Inscribed Consols during the Financial Year ended 31st March, 1923.

J. J. Esson, Office of the Registrar, New Zealand Consols, Registrar, New Zealand Consols. Wellington, 23rd May, 1923. .

Particulars. Rate of Interest per Cent. Due Date of Securities. Amount. Mucation Purposes Loans Act, 1919 Native Land Amendment Act, 1913 "{ -I 1 , 44 1.1 44 44 1 Jan., 1926 1 April, 1925 1 April, 1926 1 May, 1926 1 July, 1926 £ 80,000 25,000 20,000 20,000 55,000 iwamp Drainage Act, 1915, and Appropriation Act, 1918, sec. 46 .. lousing Act, 1919, sec. 30 £200,000

Particulars. Rate of Interest per Cent. Due Date of Securities. Amount. Total. £ 3,000 £ Hauraki Plains Amendment Act. 1913, and Finance Act, 1921-22, sec 23 Rangitaiki Land Drainage Amondment Act, 1913, and Finance Act, 1921-22, sec. 23 Discharged Soldiers Settlement Loans Act, 1919, see. 4 .. H 1 Aug., 1928 44 1 Mar., 1925 2,900 44 1 Mar., 1925 30,400 36,300 Renewals — Defence and other Purposes Loan Act, 1870 Finance Act, 1918 (No. 2), seo. 30 (Cold Storage Advances) .. Government Railways Amendment Act, 1910 Land for Settlements Act, 1908 Maori Land Settlement Act, 1905 44 l.V H 1 Mar., 1925 1 Mar., 1925 1 Mar., 1925 1 Mar., 1925 1 Mar., 1925 1,900 3,250 8,200 10,900 1,200 25,450 Total .. £61,750

Particulars. Rate of Interest per Cent. Due Date of Securities. Amount. Total. Renewed investments, — Defence and other Purposes Loan Act, 1870 Government Railways Act, 1908, and Railways Improvement Authorization Acts, 1904-7 Government Railways Amendmont Act, 1910 Land for Settlements Act, 1908 Maori Land Settlement Act, 1905 New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) 44 44 ' 44 4 4 44 1 Feb., 1925 1 Feb., 1925 1 Feb., 1925 I Feb., 1925 1 Feb., 1925 1 Feb., 1925 £ 15,000 16,000 6,390 350 800 73,700 £112,240

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Return of Public Trust Office Investments in Terms of Section 91 of the Public Revenues Act, 1910, for the Year ended 31st March, 1923.

Particulars. Amount. £ Fixed deposits in London with various banks .. .. .. 637,000

Public Trust Office, E. 0. Hales, Wellington, 18th May, 1923. Assistant Public Trustee. Approximate Cost of Paper. —Preparation, not given ; printing (475 copies), £5 12s. (id.

By Authority: W. A. G. Skinner, Government Printer, Wellington.—l 923.

Price 3d.]