INVESTMENT OF DEPARTMENTAL FUNDS (RETURN SHOWING).

Appendix to the Journals of the House of Representatives, 1924 Session I, B-11

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1924. 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 made under the Authority of Section 91 of the Public Revenues Act, 1910, during the Financial Year ended 31st March, 1924.

Investments. Rate of „ t nmp - Public Interest r ?°'°X ie Trustee's per Cent. A<!0OUDI - Account. Commissioners of Publio Dobt Sinking Funds Account. State Advances Account. New Zealand Consols Account. I few Investments — Government securities— Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Act, 1903 Aid to Public Works and Land Settlement Act, 1905 Aid. to Public Works and Land Settlement Act, 1906 Aid to Publio Works and Land Settlement Act, 1914 Aid to Public Works and Land Settlement Act, 1921 Aid to Public Works and Land Settlement Aet, 1921 Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, see. 82 Discharged Soldiers Settlement Loans Aet, 1919, sec. 4 Discharged Soldiers Settlement Loans Act, 1919, sec. 4 Discharged Soldiers Settlement Loans Act, 1920 Discharged Soldiers Settlement Loans Act, 1920 Education Purposes Loans Act, 1919 Education Purposes Loans Act, 1919 Finance Act, 1915, sec. 105 (Publio Works) Finance Act, 1916, sec. 50 (State Forests) Finance Aet, 1916, sec. 49 (Public Works) Finance Act, 1918 (No. 2), sec. 32 (State Forests) Finance Act, 191.8, sec. 10 (War Expenses) Financo Aet, 1919, sec. 5 (Public Works} Finance Act, 1920, sec. 15 (Public Works) Finance Act, 1920, sec. 15 (Public Works) Finance Act, 1921, sec. 10 (Public Works) Government Railways Aet, 1908, and Railways Improvement Authorization Acts, 1904-7 Government Railways Amendment Act, 1910 .. Hauraki Plains Amendment Act, 1913.. Hauraki Plains Amendment Act, 1913, and Finance Aet, 1921-22, sec. 23 Hauraki Plains Amendment Act, 1.9.13, and Finance Act, 1922, sec. 17 Housing Act, 1919, sec. 30 Land Laws Amendment Act,. 1913, and Appropriation Act, 1918, sec. 42 Land lor Settlements Act, 1908 Maori Land Settlement Act, 1905 Mining Amendment Act, 1913, and Amendment Act, 1919 Native Land Amendment Act, 1913 .. Native Laud Amendment Aet, 1913 .. New Zealand Inscribed Stock Act, 1917 (War Expenses) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements) t £ £ 4J 175,000 £ £ 4 * 4J 41 80,100 4 4 16,000 4J 4j 100,000 4141 59,900 4 4 150,000 4 a 4 1 345,500 4 4 20,000 4 4 163,000 4J 41 495,000 119 600 5 51 4 414 4 4 H 4 4 4~ 4 *i 5 22,900 5£ 14,600 4 30,000 41- 200,000 4 550,000 4 2,100 4 100,000 4 10,000 4-j 300,000 41 150,000 41 103,000 4~ 37,000 4 63,000 4J 30,300 4 4 4 4 16,400 4 4,000 4 7,000 4 4 10,000 4 4J 4 25,000 4] 5,000 4 41 4 4 67,000 41 145,000 4 1,000 41 4 4i 41 326,500 4 7,400 4 200,000 4 4 9,200 Carried forward .. 14,010,900 I 119,600 •■ ..

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Return showing the Investments of the Funds of the Post Office, etc. — continued.

Compiled from returns rendered. The Treasury, 7th August, 1924. J. J. Fsson, Secretary to the Treasury. R. E. Hayes, Examined and found correct. — Accountant to the Treasury. G. F. C. Campbell, Controller and Auditor-General. Bth August, 1924.

Statement showing Particulars of New Investments and of Securities renewed by the Post Office Savings-bank during the Year ended 31st March, 1924.

Rateoi ,, t offl Publio Investments. Interest ' ,,;' , i Trustee's per Cent. Account. Account. Commissioners v a „ r ol State zSfnd Public Debt Advances r55£3? Sinking Account. A ~ 0 ™nt Funds Account. Account. few Investments— continued. Government securities— continued. £ £ Brought forward .. .. .. .. 4,040,900 Railways Improvement Authorization Act, 1914.. 4-1- 55,000 Rangitaiki Land Drainage Amendment Act, 1913, 4,1 14,000 and Finance Act, 1921-22, sec. 23 Rangitaiki Land Drainage Amendment Act, 1913, 4 10,000 and Finance Act, 1923, sec. 5 State Advances Act, 1913, (Advances to Settlers 4$ 1,150,000 Branch) State Advances Act, 1913 (Advances to Workers 4 1 - 250,000 Branch) Swamp Drainage Act, 1915, and Appropriation 4J 20,000 Act, 1918, sec. 46 Swamp Drainage Act, 1915, and Appropriation 4 20,000 Act, 1918, sec. 46 Waihou and Ohinemuri Rivers Improvement Act, 4 50,000 1910, and Finance Act, 1919, sec. 6 Waihou and Ohinemuri Rivers Improvement Act, 4 35,000 1910, and Finance Act, 1922, sec. 16 War Purposes Loan Act, 1917 .. .. 4 250,000 Fixed deposits in London with various banks .. .. .. 150,562 £ £ 119,600 £ £ 150,562 r Total new investments .. .. .. 5,894,900 150,562 5,894,900 150,562 119,600 Total renewed investments (details in .. 5,886,165 separate statements) — Grand total .. .. .. .. 11,781,065 150,562 42,100 40,600 5,886,165 11,781,065 150,562 161,700 40,600

Particulars. A T et« Investments (Post Office Savings-bank). Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Act, 1903 Aid to Publio Works and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Act, 1906 Aid to Publio Works and Land Settlement Act, 1914 Aid to Public Works and Land Settlement Act, 1921 Aid to Public Works and Land Settlement Act, 1921 Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, see. 82 Discharged. Soldiers Settlement Loans Act, 1919, sec. 4 Discharged Soldiers Settlement Loans Act, 1919, sec. 4 Discharged Soldiers Settlement Loans Act, 1919, sec. 4 Education Purposes Loans Act, 1919 Eduoation Purposes Loans Aet, 1919 Education Purposes Loans Act, 1919 . . .. . . . . Finance Act, 1915, sec. 105 (Public Works) Finance Act, 1916, see. 50 (State Forests) Finance Act, 1916, see. 49 (Public Works) Finance Act, 1918 (No. 2), sec. 32 (State Forests) Finance Aet, 1918, sec. 10 (War Expenses) Finance Act, 1919, sec. 5 (Public Works) Finance Act, 1920, see. 15 (Public Works) Finance Act, 1920, sec. 15 (Public Works) Finance Act, 1921, sec. 10 (Public Works) Government Railways Act, 1908, and Railways Improvement Authorization Acts, 1904-7 Government Railways Amendment Act, 1910 Hauraki Plains Amendment Act, 1913 .. .. .. .. Hauraki Plains Amendment Act, 1913, and Finance Act, 1921-22, sec. 23 Hauraki Plains Amendment Aet, 1913, and Finance Act, 1922, sec. 17 Housing Act, 1919, sec. 30 Land Laws Amendment Act, 1913, and Appropriation Act, 1918, see. 42 Land for Settlements Act, 1908 Maori Land Settlement Act, 1905 Mining Amendment Act, 1913, and Amendment Act, 1919 Native Land Amendment Act, 1913 Native Land Amendment Act, 1913 ... Native Land Amendment Act, 1913 Hate of Interest per Cent. 4i 41 4 4111 4 41 4 4 41 4 4i 4 4" 4-1-II 4.!4 4J 41 H 4 4 4.1 Due Date of ,„,„ „« Securities. Amount, 1 Aug., 1926. 1757000 1 Jan., 1926 80,100 I Jan., 1931 16,000 1 Jan., 1929 100,000 31 Dec, 1925 59,900 1 Dec, 1929 150,000 I Dec, 1929 345,500 1 Mar., 1929 20,000 1 Sep., 1927 163,000 1 Mar., 1925 435,000 3 Mar., 1926 60,000 1 Jan., 1920 50,000 I Jan., 1929 150,000 I Jan., 1929 30,000 15 Dec, 1925 550,000 1 Aug., 1928 2,100 1 Aug., 1928 100,000 1 Aug., 1928 10,000 I June, 1928 300,000 1 Feb., 1925 150,000 1 Dec, 1925 103,000 1 Dec, 1930 37,000 1 Sept., 1931 63,000 1 Jan., 1929 30,300 4 4 4 4 4 4| 4 41 41 4J 414i 1 Jan., 1929 16,400 1 Feb., 19.'! 1 4,000 1 Feb., 1031 7,000 1 Feb., 1931 10,000 1 July, 1930 25,000 1 Jan., 1929 5,000 1 Jan., 1929 67,000 1 Jan., 1926 145,000 1 May 1928 1,000 1 April, 1929 200,000 1 Oct., 1925 70,000 1 April, 1926 31,500 Carried forward 3,761.800

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Statement showing Particulars of New Investments, etc. — continued.

— Rate of Interest per Cent. Particulars. Due Date oi Securities. Amount. New Investments (Post Office Savings-bank) —continued. Brought forward .. .. .. .. .. ... Native Land Amendment Act, 1913 Native Land Amendment Act, 1913 New Zealand Inscribed Stoek Act, 191.7 (War Expenses) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements) Railways Improvement Authorization Act, 1914 Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1921-22, sec 23 Rangitaiki Laud Drainage Amendment Act, 1913, and Finance Aet, 1923, sec. 5 State Advances Act. 1913 (Advances to Settlors Branch) State Advances Act, 1913 (Advances to Workers Branch) Swamp Drainage Act, 1915, and Appropriation Act, 1918, sec. 46 Swamp Drainage Act, 1915, and Appropriation Act, 1918, sec 46 Waihou and Ohinemuri Rive is Improvement Act, 1910, and Finance Act, 1919, sec. 6 Waihou and Ohinemuri Rivers Improvement Act, 1910, and Finance Act, 1922, sec. 16 War Purposes Loan Act, 1917 .. .. .. .. 41 4" 4.1 4" 4 I Oct., 1925 1 April, 1930 15 Nov., 1938 1 Jan., 1929 1 Feb., 1926 1 Dec, 1929 £ 3,761,800 25,000 7,400 200.000 9,200 55,000 14,000 4 41 4 H 4 4 I Dec, 1929 I June, 1929 1 June, 1929 i May, 1926 1 May, 1929 1 Aug., 1930 10,000 1,150,000 250,000 20,000 20,000 50,000 4 1 Feb., TO30 35,000 4 1 [Feb., 1929 250,000 5,857,400 New Investments (Post Office Investment Certificates). 20 April, 1928 27 June, 1928 14 July, 1928 14 July, 1928 19 July, 1928 6 Sept., 1928 26 Sept., 1928 18 Oct., 1928 28 Nov., 1928 19 Dec, 1928 15 Jan., 1929 15 Jan., 1929 25 Jan., 1929 19 Feb., 1929 f Discharged Soldiers Settlement Loans Act, 1920 .. , .. .. 5 5 5 51 5 5 5 5 5 5 5 5i 5 5 2,800 5,500 500 7,200 3,400 1,300 1,700 1,600 1,500 1,100 900 i 7,400 1,500 1,100 I 37,800 Total new investments 5,894,900 Renewed Investments (Post Office Savings-bank). Aid to Public Works and Land Settlement Act, 1901 Aid to Public Works and Land pSettlement Aet, 1903 Aid to Public Works and Land Settlement Act, 1900 Aid to Water-power Works Act, 1910 Appropriation Act, 1918, sec. 33 (Waimarino Bush-fire Relief) Consolidated Stock Act, 1884 Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917, sec 82 Finance Act, 1916, sec. 50 (State Forests) Finance Act, 1917, sec. 77 (Publio Works) Finance Aet, 1918, sec. 10 (War Expenses) Finance Act, 1918 (No. 2), sec. 29 (Public Works). . Finance Aet, .1918 (No. 2), sec. 30 (Cold Storage Advances) Finance Aet, 1918 (No. 2), sec. 31 (Discharged Soldiers Settlement) Finance Act, 1918 (No. 2), sec. 32 (State Forests) .. Fruit-preserving Industry Aet, 1913, and Finance Act, 1917, sec 80 .. General Purposes Loan Act, 1873 .. .. .. .. 'Government Advances to Settlers Act, 1908 Government Railways Amendment Act, 1910 Hauraki Plains Amendment Act, 1913 Hauraki Plains Amendment Acts, 1913-14 Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, sec. 43 .. Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1918, sec. 43 .. Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 Irrigation and Water-supply Act, 1913 Land Laws Amendment Act, 1913 Local Bodies' Loans Act, 1908 Native Land Amendment Act, 1913 New Zealand State-guaranteed Advances Aet, 1909 (Local Authorities Branch) New Zealand State-guaranteed Advances Act, 1909 (Native Land Settlement) New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) New Zealand. State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) Railways Improvement Authorization Act, 1914 .. .. .. .. Rangitaiki Land Drainage Amendment Act, 1913, and Amendments.. Scenery Preservation Act, 1908 Swamp Drainage Act, 1915 Waihou and Ohinemuri Rivers Improvement Act, 1910 II 4 4 4=5 4 4 4 41 4 H 4 4 4 4 4\ 41 4 4 4 41 4 4| 4111 H 4.1 4* 4 41 4 I Dec, 1928 1 Jan., 1929 1 Jan., 1929 1 May, 1929 1 Mar., 1929 1 Feb., 1929 I Mar., 1929 I Aug., 1928 1 Aug.. 1930 I June, 1928 1 Feb., 1929 1 Mar., 1929 1 Mar., 1929 I Aug., 1928 I April, 1929 15 Oct., 1928 1 Jan., 1929 1 Jan., 1929 1 Aug., 1928 I Aug., 1928 1 Aug., 1928 1 Aug., 1928 1 May, 1929 I Oct., 1929 I April. 1928 I Mar., 1928 I April, 1929 I April, 1928 I April, 1928 I. April, 1929 61,600 170,100 76,600 195,000 75,000 194,200 190,000 6,900 375,000 1,500,000 710,000 29,500 1,000,000 30,000 11,000 5,200 12,900 35,000 10,000 19,000 10,000 6,000 100,000 30,000 155,000 50,000 155,000 48,000 80,000 107,600 4 1 Jan., 1929 210,665 4 4 41 4 H 1 Feb., 1929 1 Mar., 1929 1 May, 1929 1 May, 1929 1 Aug., 1928 47,000 36,000 30,000 15,000 100,000 Total renewed investments 6,886,165 Grand total new and renewed investments £11,781,065 General Post Office, P. Wellington, 14th May, 1924. Controller of Si T. R. iavingsJohnson, banks and Ao loiints.

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Return of the Investments made by the Commissioners of the Public Debt Sinking Funds during the Financial Year ended 31st March, 1924.

J. H. Fowler, Secretary to the Commissioners. Office of the Commissioners of the Public Debt Sinking Funds. Wellington, Bth May, 1924.

Return of Investments made by the Registrar of New Zealand Inscribed Consols during the Financial Year ended 31st March, 1924.

J. J. Essox. Office of the Registrar, New Zealand Consols, Registrar, New Zealand Consols. Wellington, 21st May, 1924.

Return of Public Trust Office Investments in Terms of Section 91 of the Public Revenues Act, 1910, for the Year ended 31st March, 1924.

Approximate Costt of Paper. —Preparation, not given ; printing (475 copies), £7 10*.

Authority s W. A. G. Skinner, Government Printer, Wellington.—l 924.

Price 3d.]

Particulars. Rate of Interest per Cent. Due Date of Securities. | Amount. Total. Discharged Soldiers Settlement Loans Act, 1919, sec. 4.. Ilenewals — Fruit-preserving Industry Act, 1913, and Finance Act, 1917, sec. 80 • • 4 I I Mar., 1925 £ £ 119,600 it 917, 4± 1 Mar., 1925 6,000 Government Railways Amendment Act, 1910 Hauraki Plains Amendment Act, 1913 Irrigation and Water-supply Act, 1913 Land for Settlements Act, 1908 Now Zealand State-guaranteod Advances Acts, 1909-10 (Land for Settlements Branch) »(: (Li 44 4J 4i 4* jand 4J 1 Jan., 1929 ! Aim., 1928 1 Mar.. 1.925 1 Jan., 1929 I Jan., 1929 16,400 4,000 5,000 .1,500 9,200 42,100 Total £161,700 I

Particulars. Rate of Interest per Cent. Due Date of Securities. Amount Renewed investments — Aid to Public Works and Land Settlement Act, 1903 Aid to Public Works and Land Settlement Act, 1906 Government Railways Amendment Act, 1910 Hutt Railway and Road Improvement Acts, 1903, 1905, 1907, and 1910 New Zealand State-guaranteed Advances Acts, 1909-10 (Land for Settlements Branch) New Zealand State-guaranteed Advanoes Acts, 1909-10 (Lrnds for Settlements Branch) 4i IJ II II II 1 Feb., 1926 1 Jan , 1929 I Jan., 1929 I Feb., 1925 I Feb., 1925 1 Jan., 1929 £ COO 600 1, 180 5,190 33,000 60 £40,600 4i Total

Particulars. Fixed deposits in London with various banks i Amount. £ .. 150,562 Public Trust Office, Wellington, 28th May, 1924. E. 0. Hales, Assistant Public Trustee.