PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1933-1934. PART III. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL. ALSO STATEMENT SHOWING THE PUBLIC DEBT OF THE DOMINION AS ON THE 31st MARCH, 1934.

Appendix to the Journals of the House of Representatives, 1934 Session I, B-01-part03

B—l [PT. Ill]

1934. NEW ZEALAND

PUBLIC ACCOUNTS FOR THE FINANCIAL YEAR 1933-1934. PART III. PREPARED BY THE TREASURY DEPARTMENT. CERTIFIED TO BY THE CONTROLLER AND AUDITOR-GENERAL. ALSO STATEMENT SHOWING THE PUBLIC DEBT OF THE DOMINION AS ON THE 31st MARCH, 1934.

I—B, 1 [PT. Ill].

B.—l [PT lII].

CON T E N T S.

THE PUBLIC DEBT OF NEW ZEALAND ON 31st MARCH, 1934 page The Public Debt .. .. .. .. .. .. .. 3 Public Debt funded in Teems of Section 8 of the Finance Aot, 1922 .. .. 8 STATEMENT OF SECURITIES ISSUED UNDER THE RURAL ADVANCES ACT, 1926 .. .. 8 STATEMENT OF LOANS GUARANTEED BY THE GOVERNMENT .. .. .. .. 9 STATEMENT OF RECEIPTS AND DISBURSEMENTS OF THE SINKING FUNDS DURING THE FINANCIAL YEAR ENDED 31st MARCH, 1934 .. .. .. .. .. .. 10 STATEMENT OF SINKfNG FUNDS ACCRUED TO THE 31st MARCH, 1934 .. .. 12 STATEMENT, AS AT 31st MARCH, 1934, SHOWING ANALYSIS OF THE PUBLIC DEBT UNDER THE SEVERAL PURPOSES FOR WHICH THE MONEYS HAVE BEEN RAISED 13

2

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1934.

B.—l [PT. Ill].

3

PUBLIC ACCOUNTS, 19 33-1 934.

Annual Charge. Domicile of Principal. Amount * , 7;" ~ r - '• j 1 outstanding. .uate. o <g ; j Remarks. S J> ! Interest. When payable. New Zealand. London. Australia V 1 New Zealand Loans Act, 1932 £ s. d. % J £ £ s. d. £ s d £ Debentures and Stock .. .. 115 0 0 15 Dec., 1920 4J .. .. 115 0 0 .. ' Unpresented 5 0 0 15 Dec., 1925 4-J- .. 5 0 0 1,200 0 0 15 Nov., 1927 5 .. .. 1,200 0 0 200 0 0 1 July, 1930 5J i .. 200 0 0 450 0 0 1 Sept., 1930 4J I .. .. 450 0 0 600 0 0 15 Jan., 1933 5| .. .. 600 0 0 500 0 0 1 Feb., 1933 5i .. 500 0 0 .. .. 1,300 0 0 15 Aug., 1933 5J ; .. .. 800 0 0 .. 500 Domicile of principal, Raratonga. 40,000 0 0 31 Mar., 1934 .. .. 40,000 0 0 .. .. Unpresented. 751,900 0 0 9 Oct., 1934 5£ j 39,475 9 April and 9 Oct. 26,200 0 0 .. 725,700 15,560 0 0 1 Nov., 1934 3J i 545 1 May „ 1 Nov. 15,560 0 0 37,000 0 0 15 Mar., 1935 5 1,850 15 Mar. „ 15 Sept. .. ! 37,000 0 0 177,400 0 0 1 July, 1935 5J j 9,314 1 Jan. „ 1 July .. ! .. 177,400 154,720 0 0 1 Feb., 1936 5J | 8,510 1 Feb. „ 1 Aug. 24,620 0 0 120,800 0 0 £3,300 subject to New Zealand Debt Conversion Act. 469,030 0 0 15 Feb., 1937 5| 24,038 15 Feb. „ 15 Aug. 2,880 0 0; .. 466,150 £1,000 subject to New Zealand Debt ! Conversion Act. 238,950 0 0 15 Feb., 1937 5J 13,142 15 Feb. „ 15 Aug. 29,850 0 0 7,500 0 0 201,600 £700 subject to New Zealand Debt ,, Conversion Act. 11,570 0 0 1 Sept., 193/ 5 578 1 Mar. ,, 1 Sept. 11,570 0 0 .. .. £150 subject to New Zealand Debt Conversion Act. 114,930 0 0 1 Sept., 1937 5} 6,321 1 Mar. „ 1 Sept. 22,730 0 0 .. 92,200 £3,050 subject to New Zealand Debt | Conversion Act. 220,000 0 0 28 Feb., 1938 3J 7,700 28 Feb. „ 31 Aug. 220,000 0 0 | 2,810 0 0 15 Nov., 1938 3 84 15 May „ 15 Nov. ! 2,810 0 0 .. .. 23,520 0 0 15 Nov., 1938 4J 1,058 15 May „ 15 Nov. j 16,520 0 0 4,000 0 oj 3,000 £6,500 subject to New Zealand Debt ' Conversion Act. 4,900 0 0 20 April, 1939 4£ 220 20 April „ 20 Oct. | 3,900 0 0 1,000 0 0 .. £2,300 subject to New Zealand Debt Conversion Act. 17,176,532 0 0 1 Jan., 1940 3£ j 601,179 1 Jan. „ 1 July ! 4,341 8 8 j 17,172,190 11 4 8,900 0 0 15 Jan., 1940 3f | 333 15 Jan. „ 15 July 1 8,900 0 0 12,430,835 6 11 15 Jan., 1940 4 j 497,233 15 Jan. „ 15 July ! 12,430,835 6 11 15 0 0 15 Dec., 1940 4$ | .. , 15 June „ 15 Dec. j 15 0 0 .. 1 £15 subject to New Zealand Debt • i Conversion Act. 10,300 0 0 1 July, 1941 4J | 464 1 Jan. „ 1 July j .. .. 10 300 7,000 0 0 1 Aug., 1941 4|- 1 315 1 Feb. „ 1 Aug. .. .. 7^000 100 0 0 1 Sept., 1941 4| 4 1 Mar. „ 1 Sept. 100 0 0 .. .! £100 subject to New Zealand Debt I | | Conversion Act. Carried forward .. 31,900,342 6 11 .. .. | 1,212,363 12,864,701 15 7 17,342,490 11 4 1,693,150 l_ ! • j

B.—l [PT. Ill].

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1934—continued.

4

PUBLIC ACCOUNTS, 193 3-193 4.

Annual Charge. Domicile of Principal. outstanding. Due Date " o« * Remarks. 48 o Interest, i When payable. New Zealand. London. Australia. £ s. d. % £ £ s. d. £ s. d. £ Brought forward .. 31,900,342 6 11 1,212,363 12,864,701 13 7 17,342,490 11 4 1,693,130 New Zealand Loans Act, 1932 —continued. Debentures and Stock —continued. 2,500 0 0 1 Sept., 1941 5J 131 1 Mar. and 1 Sept. 2,500 0 0 2,327,850 0 0 15 Nov., 1941 3| 87,294 15 Hay „ 15 Nov. 2,327,850 0 0 37,000 0 0 1 Mar., 1942 4 1,480 1 Mar. „ 1 Sept. 37,000 0 0 4,000,000 0 0 1 Jan., 1943* 4 160,000 1 Jan. „ 1 July 10,900 0 0 3,989,100 0 0 .. * Repayable at the option of the Go- | vernment at par on or after 1st i January, 1933, on three months' notice. 13,747,390 0 0 15 Mar., 1943 3£ 481,159 15 Mar. „ 15 Sept. 13,747,390 0 0 7,339,656 4 9 1 Mar., 1944 4J 330,284 1 Mar. „ 1 Sept. .. 7,339,656 4 9 199,500 0 0 15 Feb., 1945 5 9,975 15 Feb. „ 15 Aug. .. 199,500 0 0 7,580,907 11 10 1 Max., 1945 4i 341,141 1 Mar. „ 1 Sept. .. 7,580,907 11 10 9,659,980 1 1 1 April, 1945 3 289,799 1 April „ 1 Oct. 2,500 0 0 9,657,480 1 1 10,135,800 0 0 1 July, 1945J 5 506,790 1 Jan. „ 1 July .. 10,135,800 0 0 .. J Repayable at the option of the » Government at par on or after 1st July, 1935, on three months' notice. 2,090,909 1 9 | 1 Dec., 1945§ 4| 94,09011 1 June ,, 1 Dec. .. 2,090,909 1 9 .. § Repayable at the option of the Government on or after 1st December, 1925, by giving three months' notice in the London Gazette. 12,886,110 3 9 1 Jan., 1946 5 644,305 1 Jan. „ 1 July .. 12,886,110 3 9 .. j | Interest suspended in terms of agree10,301,785 0 0 : 15 Feb., 1946 4 412.071 15 Feb. ,, 15 Aug. 10,301,785 0 0 .. .. ment with Imperial Government. 11,221,608 16 5| 1 Nov., 1947 4J 504,972 1 May „ 1 Nov. .. 11,221,608 16 5 10,500 0 0 1 Jan., 1949 4 420 1 Jan. „ 1 July 10,500 0 0 9,475,395 0 0 15 April, 1949 4 379,016 15 April „ 15 Oct. 9,475,395 0 0 7,500,000 0 0 15 Dec., 1949 5 375,000 15 June „ 15 Dec. .. 7,500,000 0 0 2,465,000 0 0 1 Feb., 1951 5£ 135,575 1 Feb. „ 1 Aug. .. 1,250,000 0 0 1,215,000 5,869,988 9 9 1 Aug., 19511f 6 352,199 1 Feb. ,, 1 Aug. .. 5,869,988 9 9 .. If Repayable at the option of the Government at par on or after 1st August, 1936, on three months' Carried forward .. 148,752,222 16 3 .. .. 6,318,064 .. 48,780,521 15 7 97,063,551 0 8 2,908,150 notice. ' : r ".-W I ' • ■ : " !

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1934— continued.

B.—l [PT. Ill].

5

PUBLIC ACCOUNTS, 1 933-1934.

I I Ī — — : — * - ; I Annual Charge. Domicile of Principal. Amount -rv " f ~ •— I—) , ; — T outstanding. j Due Dat ' e - "3"g ' | ; Remarks. 48 jf Interest. When payable. I New Zealand. ! London. Australia ! «3: i ! ~ 7 1 — i 1— Brought forward ..148,752,222 16 3 .. ,'° i 6,318,064 .. 48,780,521 15 7* 97,063,551 0 *8 2.908J50 New Zealand Loans Act, 1932 ] —continued. Debentures and Stock continued. 13,724,655 0 0 j 15 May, 1952 3J i 480,363 15 May and 15 Not 13 724 655 0 0 11??5'530 0 oi 15 W 2* IK? " 1 ' 5,000,000 0 0 1 " f Repayable at the option of the i 250 000 0 1 t 6 ' 9 t ' 44 ? • ' m<J " '? ? e , C " ".«6,630 0 0 .. I .. Government at par on or after 3 706 0 0 ! S o, i 7 '?™ ] i an ' " 7 250 > 000 0 0 • • • • 1st February, 1949, on three 100 000 0 0 t " oS 3 J , ™ Ī T an ' » 1 J uly 3,706 0 0 .. .. months' notice. , i™' ™ x a , t' 1956 4 4 > 000 1 Jan - » 1 July 100,000 0 0 I'tm'non n a JH an -' 1957 3 42 ' 897 15 Jan ' » 15 Jul y 1.417,000 0 0 12,900 0 0 a 15 i an -> 1957 3 i 84,036 15 Jan. „ 15 July 2,401,020 0 0 t a a 1 ?® b '' 1967 3 ! 6 ' 900 1 Feb. „ 1 Aug. 230,000 0 0 2 a 15 May, 1957 3 | 42,510 15 May „ 15 Nov. 1,417,000 0 0 I A A 15Ma y> 1957 3J ; 83,774 15 May „ 15 Nov. 2,393,545 0 0 ! 1,742,000 0 0 15 Aug., 1957 j 3 52,260 15 Feb. „ 15 Aug. 1,742,000 0 0 2 ° 15 Aug " I 957 84,312 15 Feb. „ 15 Aug. 2,408,900 0 0 a a If Aug., 1957 4 65,739 15 Feb. „ 15 Aug. 1,643,472 5 1 .. .! 1,417,000 0 0 15 Feb., 1958 3 [ 42,510 15 Feb. „ 15 Aug. 1,417,000 0 0 2,403,920 0 0 15 Feb., 1958 3£ ! 84,137 IS Feb. „ 15 Aug. 2,403 920 0 0 0 15 Feb., 1958 3f .. 15 Feb. „ 15 Aug. 0 12 0 " 19,225,460 0 0 1 Mar., 1958* 4J 865,146 1 Mar. „ 1 Sept. .. 19,225,465 0 0 .. * Repayable at the option of the Government at par on or after 1st March, 1948, on three months' 1,417,000 0 0 j 15 June, 1958 3 j 42,510 15 June „ 15 Dec. 1.417,000 0 0 notice. 2,400,000 0 0 I 15 June, 1958 3f | 84,000 15 June „ 15 Dec. 0 0 1,417,000 0 0 I 15 Sept., 1958 3 42,510 15 Mar. „ 15 Sept. 1,417,000 0 0 2,400,000 0 0 I 15 Sept., 1958 3J 84,000 15 Mar. „ 15 Sept. 2,400,000 0 0 1,417,000 0 0 15 Dec., 1958 3 42,510 15 June „ 15 Dec. 1,417,000 0 0 a ° 15 Dec., 1958 3J 84,000 15 June „ 15 Dec. 2,400,000 0 0 a ° I 5 Mar., 1959 3 51,020 15 Mar. „ 15 Sept. 1,700,676 0 0 2,400,000 0 0 15 Mar., 1959 3i 84,000 15 Mar. „ 15 Sept. 2,400,000 0 0 74,790 0 0 15 Mar., 1959 4 2,992 15 Mar. „ 15 Sept. 74,790 0 0.. 1,717,000 0 0 15 July, 1959 3 51,510 15 Jan. „ 15 July 1,717 000 0 0 2,405,350 0 0 15 July, 1959 3J 84,187 15 Jan. „ 15 July 2,405,350 0 0 ! a 2 15 i u] y- 1959 3 i 9,750 15 Jan. „ 15 July 260,000 0 0 .. !.' 1,558,270 0 0 15 Nov., 1959 3 46,748 15 May „ 15 Nov. 1,558,270 0 0 Carried forward .. 237,285,422 13 4 .. j .. 9,596,036 .. 113,075,356 12 8 121,301,916 0 8 2,908,150

B.—l [PT. lIIJ.

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES CHARGED ON THE PUBLIC REVENUES OF NEW ZEALAND AND OUTSTANDING ON 31st MARCH, 1934—continued.

6

PUBLIC ACCOUNTS, 1 9 33-1934.

Annual Charge. j Domicile of Principal. | I - Amount i D Date. ! Remarks. outstanding. o g I i £ §3 Interest. When payable. I New Zealand. London. i Australia. ts-£ f a. d. % £ £ s. d. £ s. d. £ Brought forward .. 237,285.422 13 4 .. .. 9,596,036 .. 113,075,356 12 8 121,301,916 0 8 2,908,150 New Zealand Loans Act, 1932 continued Debentures and Stock —continued. 2,387,265 0 0 15 Nov., 1959 3J 83,554 15 May and 15 Nov. 2,387,265 0 0 .. I 10,884,628 0 0 I Feb., 1963* 4 435,385 1 Feb. „ 1 Aug. 378,638 14 4 10,505,989 S 8 .. ! * Repayable at the option of the Government at par on or after 1st February, 1943, on three months' | notice. 5,000,000 0 0 1 Nov., 1971f 5 250,000 ] 1 May „ 1 Nov. .. 5,000,000 0 0 .. | t Repayable at the option of the Go1 — — ■— j vernment at par in whole or in Total Debentures and Stock 255,557,315 13 4 .. .. 10,364,975 .. 115,841,260 7 0 136,807,905 6 4 2,908,150 j part on or after 1st November, — —— 1956, on three months' notice. Funding Agreement with Imperial 577,446 11 5{ 1 June, 1945§ .. 1 June and 1 Dec. .. 577,446 11 5 .. J Balance of £27,532,164, Imperial Government Government advances, funded in 23,522,752 19 2$ 1 Dec., 1957§ .. l,I64,8671f 1 June „ 1 Dee. .. 23,522,752 19 2 .. terms of section 8, Finance Act, 1922. Details of original loan as 24,100,199 10 7|| .. .. .. .. .. 24,100,199 10 7 .. funded shown in B.-l [Pt. II], 1921-22. || Details on page 8. § Approximately. Treasury Bills .. .. 65,000 0 0 1 Aug., 1934 2f *** 1 August j 65,000 0 0 .. j •. 1 Payments suspended in terms of — — ' 1 — ;— agreement with Imperial GovernI i ment. Banks Indemnity (Exchange) j i *** Variable. Amount not deterAct, 1932-33: — ! j i mined. Treasury Bills .. .. 970,200 0 0 Various .. 2j ~) 1,530,000 0 0 30 June, 1934 3 | 35,000 0 0 30 June, 1934 3J > *** .. 19,404,872 0 0 550,000 0 0 30 June, 1934 4 [ 16,319,672 0 , 0 30 April, 1934 5 j j ; 19,404,872 0 0 j . _ . __ . I Deed of Security .. .. 212,500 0 0** 1 Nov., 1934 5£ 11,156 1 May and 1 Nov. 212,500 0 0 .. .. ** Deed executed as security for payi — —— ment of purchase-money, Horaj i hora Electric-power Works. Total securities charged on 299,339,887 3 11 .. .. .. .. .. j .. the Public Revenues Carried forward .. 299,339,887 3 11 .. .. .. .. 135,523,632 7 0 1160,908,104 16 11 12,908,150 j

THE PUBLIC DEBT OF NEW ZEALAND. STATEMENT OF SECURITIES PAYABLE FROM THE CONSOLIDATED FUND AND OUTSTANDING ON 31st MARCH, 1934—continued.

B.—l [PT. ITT].

Acco a unt ) n £lo7 > 87?t t ?d! he W?stport H A— ¥* f°U°^ g accounts : State Coal-mines Account! £87422 Bs. 7d.; Electric Supply" of which are given on pag P e 8 that^'this ° f that P ortion of the del * funded by agreement with the Imperial Government, particulars have been suspended by aLangement 6 " 1611 * b<J extin^ shed durin g the oial ««%S on the 31st March, 1958. Payments in approximately years 6 than !*!°se portions for which separate sinking funds exist will be extinguished £226,543,393 Is. 3d. n e tne provisions of the Act. The total of loans coming within the provisions of the Repayment of the Public Debt Act, 1925, is 10s'°6? = Kle, Stat f, Ad van° e S Office £3 258,955 19s. 4d ; (2) held by Public Trustee, £7,966,688 Us. 2d. ; (3) held in payments made by the latter fund to iS'men't of the Pnblf nlt ? f the Redemption Fund capital is paid over to the Consolidated Fund as a set-off against the annual redeemed in accordance Trith Kepayment of the Publlc Debt J per cent, of the public debt coming under the provisions of the Act, together with 3| per cent, of the debt

7

PUBLIC ACCOUNTS, 1933-1934.

Annual Charge. Domicile of Principal. Amount ! _ , 71 i — outstanding. Bue Date - "3 g _ ! Eemarks. ® i Interest. When payable. iSTew Zealand. London. Australia. 1 PhS Brought forward .. 299,3.39,887 3 it .. .. 135,523,632 7 0 I60,908,L 16 it 2,908^1 50 Amortization Charges. £ 1,546,000*1 Repayment of the .. .. .. * Estimated. Public Debt Act, I X925 458,700f Funded Debt .. .. .. .. f Represents principal repayment | also suspended by agreement j on K fin+ it i ■ o n Imperial Government. -0,500+ Electric Supply i .. .. .. t Payable from the Electric Supply ! s *nn S f F , Und Account. Estimated. State Coal-mines j .. .. .. § Payable from the State Coal-mines | 'SmkmgFund : Account. Estimated. 10 ' 8o9il Westport Harbour | .. .. j .. !| £3,859 sinking fund, 4| per cent. 2 044 «ft intongiund payable in respect of sinking funds ' ' . j i used for redemption; and £7,000 sinking fund, 1 per cent, payable | Public Revenues Act, 1926, Sec- | 360,000 0 0 Various 2i I I on £ 700 > 000 Westport Harbour tion 41 | 639,000 0 0 „ .. 3 )> *** I 3 450 IOQ 0 0 A ! 2,453,109 0 0 30April, 1934 5 1 " ! d ' 4ō ' i ' 109 0 0 •• •• ** Variable. Amount not deter- ! I j 1 j mined. I 3,452,109 0 0 j Finance Act, 1931 (No. 4), Section 7, Subsection (2)2,050,000 0 0 .. 5MT K j Deed of hypothecation over Dis- 2,000,000 0 0 .. 5 j" 202,500 30 Sept. and 31 Mar. 1 4,050,000 0 0 .. .. Rate of interest reduced to 5 per charged Soldiers Settlement 06nt . as from Ist April 1934 . Securities 4,050,000 0 0 ** .. *>00 000** ' '' j • • • • .. : £200,000 per annum or Total securities payable from 7,502,109 0 0 ninety days after demand, the Consolidated Fund 306 ' M '-« 9a 3 ■■ I •• .. jia.oawi 7 0

B—l [PT. Ill].

* Annual instalment of principal and interest £1,651,929 16s. Bd., but all instalments subsequent to Ist June, 1931, have been suspended. The amount of interest and repayment of debt varies with each instalment, and details will again be shown when payment of instalments is resumed.

Statement of Securities issued by the Rural Advances Branch of the State Advances Office charged upon the Assets of that Branch of that Office and outstanding on 31st March, 1934.

Particulars of the Public Debt funded in Terms of Finance Act, 1922, Section 8.

8

PUBLIC ACCOUNTS, 1 933-1934.

.. .. Amount of Funded Annual Charge. Amount of Debt Total re P ald Debt outstanding to at i - - - i When payable. I 31st March, 1934. 31gt March; 19s4 Interest. ! r^bt" 4 ° f | Total - . Finance Act, 1922, sec. 8£ : £ ; £ I '£ Advances from the Imperial Government funded in terms of the above Act on the basis of an annuity of 6 per cent. Interest at the rate of £4 19s. 5-88d. per cent, per annum, —- Public Revenues Amendment Act, 1914, sec. 8 (War Expenses) 2,067,411 237,040 1,830,371 .. .. 124,045 1 June and 1 Dec. Public Revenues Amendment Act, 1915, sec. 5 (War Expenses) 8,105,992 929,395 7,176,597 .. .. 486,360 1 June „ 1 Dec. Finance Act, 1916, sec. 35 .. .. .. .. 4,736,842 543,104 4,193,738 .. .. 284,212 1 June „ 1 Dec. War Purposes Loan Act, 1917 .. .. .. .. 4,830,000; 553,785 4,276,215 .. .. 289,800 1 June „ 1 Dec. Finance Act, 1918, sec. 10 .. .. .. .. 6,600,000 756,725 ; 5,843,275 .. .. 396,000 1 June „ 1 Deo. Total War Loans .. .. .. .. 26,340,245 3,020,049 I 23,320,196 .. .. 1,580,417 Naval Defence Act, 1909 .. .. .. .. 963,131! 385,684 577,447 .. .. 57,787 I June and 1 Dec. Aid to Public Works and Land Settlement Act, 1910 .. 191,010 ; 21,900 169,110 .. .. 11,460 1 June „ 1 Dec. Land for Settlements Act, 1908 .. .. .. .. 37,778 4,332 33,446 i .. .. 2,266 1 June ,, 1 Dec. Totals .. .. .. .. .. 27,532,164 j 3,431,965 j 24,100,199 * * 1,651,930*

Annual Charge. Authorizing Act. outetandtag. DetaUs - | Due Date. — Rate. Amount. When payable. £ £ % I £ Rural Advances Act, 1926 — T . , , „ n „„ AKn / 10,000 i 15 September, 1938 5 500 Debentures .. .. 15 September, 1947 5 197,652 J-15 March and 15 September. Scrip Certificates .. .. 250,000 250,000 15 September, 1947 5 12,500 J Total outstanding .. 4,213,050 4,213,050 ! .. .. 210,652

B. —1 [PT. Ill].

LOANS GUARANTEED BY THE GOVERNMENT. Contingent Liability outstanding on 31st March, 1934.

2—B. 1 [PT. Ill].

9

PUBLIC ACCOUNTS, 1933-1934.

i AMnnMT ' ! Batb ' Accumulated Loans guaranteed. j Authority foe Government Guarantee. ! .t,™.™™» Due Date. ; Sinking Eemarks. OUTSTANDING. ; LOANS OF LOCAL AUTHORITIES. £ £ % I % £ s. d. Auckland City Council (Grey Lynn Borough Local Bodies' Loans Amendment Act, 1908 .. j" 45,000 jg Aug'' 1941 tf/ * 19,667 3 4 j Christchurch City Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 9,500 3 Dec., 1942 4J 1J 6,360 8 5 j 1 ' Cambridge Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. <f j= 5,000 30 April, 1942 4J 1 2,216 0 5 ' ment Act, 1908, one-half of Levin Borough Council .. .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 18,000 19 June, 1942 4J 1J 11,582 2 9 the sinking fund is payable by Port Chalmers Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 3,500 1 July, 1942 4-| 1 1,600 3 5 6 easur yTaihape Borough Council .. .. Local Bodies' Loans Amendment Act, 1908 .. .. 25,000 1 Aug., 1942 4J 1 10,728 15 9 Auckland City Council (Electric-power Ex- Local Bodies' Loans Act, 1913, Part IV .. .. 500,000 16 Mar., 1942 6J 2| 206,261 6 9 tension Loan) Havelock North Town Board .. .. Local Bodies' Loans Act, 1913, Part IV .. } 21 1 July' 1948 if 795 16 10 Te Puke Town Board .. .. .. Local Bodies' Loans Act, 1913, Part IV .. .. 11,000 1 Jan., 1948 4J 1£ 4,956 0 0 Wanganui Hospital Board f L °oal Bodies' Loans Act, 1913, Part IV, and 1 12,000 1 April, 1943 6J 2# 5,274 18 6 Palmerston North Hospital Board j T4 Jl) J " 3 ' 000 1 April, 1943 6f 2| 145 11 1 Thames Valley Electric-power Board .. Local Bodies' Loans Act, 1913, Part IV .. .. 350,000 1 Sept., 1954 6 1J 85,553 0 0 Redeemable at option of Board on or after 1st September, 1936. Southland Electric-power Board .. .. Local Bodies' Loans Act, 1913, Part IV, and/ 750, 000 \ , nnf) lfi „ . 1QF .,/ 6 \ 1A (187,135 7 8) Redeemable at option of Board Finance Act, 1920, sec. 44 750,000/ ' ' \ 5 / 1143,844 9 9f on or after 15th September, 1936. Greymouth Harbour Board .. .. Greymouth Harbour Loans Consolidation Act, .. 260,000 14 July, 1952 4 1 95,923 6 2 1910, and Amendment Act, 1910 Oamaru Harbour Board .. .. Reserves and other Lands Disposal and Public .. 215,000 1 April, 1952 4 1 88,066 9 0 Bodies Empowering Act, 1910, sec. 96 . OTHER LOANS. Bank of New Zealand Guaranteed Stock .. ; Bank of New Zealand Act, 1913, sec. 3 .. .. 529,988 19 July, 1934 4 Land Settlement Finance Debentures .. j Land Settlement Finance Act, 1909, sec. 13 .. .. 101,368 1/4/34 to 12/10/38 5 j ..

B.—l [PT. lII].

STATEMENT of the RECEIPTS and DISBURSEMENTS of the SINKING

10

PUBLIC ACCOUNTS, 1933-193 4.

RECEIPTS. £ a. d. £ s. d. ADVANCES OFFICE SINKING FUND In respect of Funds with the Superintendent,—Advances to Settlers Branch — Accumulation held on 31st March, 1933 .. .. .. .. .. 1,910,946 8 2 Interest on Investments .. .. .. .. .. .. .. 82,159 19 I 1,993,106 7 3 Advances to Workers Branch— Accumulation held on 31st March, 1933 .. .. .. .. .. 86,342 12 10 Interest on Investments .. .. .. .. .. .. .. 3,712 2 3 90,054 15 1 Local Authorities Branch— Accumulation held on 31st March, 1933 .. .. .. .. .. 184,249 14 7 Interest on Investments .. .. .. .. .. .. .. 7,921 10 6 192,171 5 1 STATE COAL-MINES SINKING FUND:— Accumulation held on 31st March, 1933, —- In State Coal-mines Sinking Fund Account .. .. .. .. .. 8,299 9 8 Transfer from State Coal-mines Account, Finance Act, 1928, section 22, — Subsection (1) —2 per cent, of amount of Loans raised to 31st March, 1934, less amount redeemed otherwise than from the Sinking Fund .. 4,322 0 5 Subsection (3) —4 per cent, of amount redeemed to 31st March, 1933 .. 3,754 14 2 Subsection (3) —4 per cent, of amount redeemed from Sinking Fund during the current year from the date of redemption .. .. .. 1 15 1 8,078 9 8 Interest on Investments .. .. .. .. .. .. .. 44 9 3 16,422 8 7 SAMOAN LOAN SINKING FUND Accumulation held on 31st March, 1933, — In Deposits Account, Samoan Loan Sinking Fund Account .. .. .. 11 9 11 Contribution by Samoan Treasury .. .. .. .. .. .. 3 ; 064 7 8 Interest on Investments .. .. .. .. ■ .. .. .. 42 17 0 3,118 14 7 ELECTRIC SUPPLY SINKING FUND:— Accumulation held on 31st March, 1933, — In Electric Supply Sinking Fund Account — Horahora Scheme .. .. .. .. .. .. 5,811 18 2 Lake Coleridge Scheme .. .. .. .. .. .. 77,979 13 10 — 83,791 12 0 Transfer from Electric Supply Account in accordance with section 12 of State Supply of Electrical Energy Act, 1917, — Lake Coleridge Scheme .. .. .. .. .. .. .. 20 538 16 8 Interest on Investments .. .. .. .. .. .. ., 3 540 17 g 107,871 6 1 WESTPORT HARBOUR LOANS SINKING FUND :— Finance Act, 1928, section 13, — Accumulated funds as at 31st March, 1933 .. .. .. .. .. 235,903 14 2 Subsection (4) (a) —Contribution for the financial year 1933-34 .. .. 0 0 Subsection 4 (d) —Contribution at the rate of 4| per cent, per annum in respect of Sinking Funds used to 31st March, 1933, to redeem debentures .. .. .. .. .. .. .. .. 3 ;858 15 0 Premiums on conversion of New Zealand Government securities .. .. I 695 0 0 Interest on Investments .. .. .. .. ,. ., .. 8 807 18 2 256,265 7 4 1

B.—l [P T . Ill].

FUNDS during the FINANCIAL YEAR ended 31st March, 1934.

3—B. 1 [Ft. TĪĪ].

11

PUBLIC ACCOUNTS, 1933-1934.

DISBURSEMENTS. £ s . a. ADVANCES OFFICE SINKING FUND In respect of Funds with the Superintendent,— Advances to Settlers Branch— Accumulation held on 31st March, 1934 .. .. .. .. .. X 993,10(i 7 3 1,993,106 7 3 Advances to Workers Branch— Accumulation held on 31st March, 1934 .. .. .. .. .. .. 90 054 15 I 90,054 15 1 Looal Authorities Branch— Accumulation held on 31st March, 1934 .. .. .. .. .. .. 192 171 5 I 192,171 5 1 STATE COAL-MINES SINKING FUND Securities redeemed in terms of section 22 (2) of the Finance Act, 1928 .. .. .. 8 .000 0 0 Accumulation held on 31st March, 1934, — In State Coal-mines Sinking Fund Account .. .. .. .. .. .. 8 422 8 7 16,422 8 7 SAMOAN LOAN SINKING FUND Loans redeemed in terms of section 4 of the Finance Act, 1932 (No. 2) .. .. .. 3,000 0 0 Accumulation held in Deposits Account, Samoan Loan Sinking Fund Account, on 31st March, 1934 •• •• •• •• •• •• .. .. .. .. 118 14 7 3,118 14 7 ELECTRIC SUPPLY SINKING FUND Accumulation held in Electric Supply Sinking Fund Account on 31st March, 1934,— £ s. d. Horahora Scheme .. .. .. .. .. .. g 030 14 0 Lake Coleridge Scheme .. .. .. .. .. .. 101,840 12 1 107,871 6 1 107,871 6 I WESTPORT HARBOUR LOANS SINKING FUND Finance Act, 1928, section 13, — Annual fee for administering fund .. .. .. .. .. .. .. 25 0 0 Accumulation held by the Public Trustee on 31st March, 1934 .. .. .. 256,240 7 4 256,265 7 4

IK -1 • Pt. Ill].

STATEMENT of SINKING FUNDS ACCRUED to the 31st March, 1934, in respect of various Loans.

A. D. Park, Secretary to the Treasury. B. G. Ashwin, Second Assistant Secretary to the Treasury. Examined and found correct. The Treasury, Wellington, 22nd August, 1934. G. F. C. Campbell, Controller and Auditor-General. Audit Office, 22nd August, 1934.

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PUBLIC ACCOUNTS, 1933-1934.

PUBLIC DEBT£ s. d. £ s. d. State Coal-mines Sinking Fund, — Funds held in State Coal-mines Sinking Fund Account .. .. .. 8,422 8 7 Samoan Loan Sinking Fund, — Funds held in Deposits Account, Samoan Loan Sinking Fund Account,. . . 118 14 7 Electric Supply Sinking Fund, — Funds held in Electric Supply Sinking Fund Account — Horahora Scheme .. .. .. .. .. .. 6,030 14 0 Lake Coleridge Scheme .. .. .. .. .. 101,840 12 1 107,871 6 1 Westport Harbour Loans Sinking Fund, — Funds held by the Public Trustee .. .. .. .. .. 256,240 7 4 STATE ADVANCES DEBT Advances Office Sinking Fund,— Funds held by the State Advances Office— Advances to Settlers Branch .. .. .. .. .. 1,993,106 7 3 Advances to Workers Branch .. .. .. .. .. 90,054 15 1 Advances to Local Authorities Branch .. .. .. .. 192,171 5 1 2,275,332 7 5 £2,647,985 4 0

B._l [PT. lII].

PUBLIC ACCOUNTS, 1933-193 4. Statement as at 31st March, 1934, showing Analysis of the Public Debt under the Several Purposes for which the Moneys have been raised. £ Railways .. .. . .. .. .. .. 60,748,386 Hydro-electric Schemes .. .. .. .. .. 12,147,771 Post and Telegraph .. .. .. .. .. .. 12,839,191 Public Buildings and Schools .. .. .. .. .. 13,838,450 Roads and Highways .. .. .. .. .. .. 26,319,538 Harbours and Lighthouses .. .. .. .. .. 1,930,942 State Forests .. .. .. .. .. .. 1,870,046 State Advances .. .. .. .. .. .. 38,740,698 Land Settlement and Improvement .. .. .. .. 28,381,336 Shares in Bank of New Zealand.. .. .. .. .. 875,000 Share in Nauru and Ocean Island Phosphates .. .. .. 479,200 Development of Mining .. .. .. .. .. 1,034,308 Tourist Resorts .. .. .. .. .. .. 703,909 Immigration .. .. .. .. .. .. .. 3,318,510 War and Defence .. .. .. .. .. .. 72,021,528 Revenue Deficiencies (prior to 1893) .. .. .. .. 2,216,856 Old Provincial Liabilities .. .. .. .. .. 878,739 Miscellaneous.. .. .. .. .. .. .. 764,647 Cash and Investments in hand .. .. .. .. .. 825,960 279,935,015 Add Floating Debt at 31st March, 1934 — Revenue Bills, Banks Exchange Indemnity Bills, and Deed of Hypothecation aggregating .. .. .. .. 26,906,981 £306,841,996 A. D. Park, Secretary to the Treasury. B. C. Ashwin, Second Assistant Secretary to the Treasury. 22nd August, 1934. Note.—This statement has not been audited.

Approximate Cost of Paper.—Preparation, not given ; printing (544 copies), £22 ioa.

Authority : G. H. Loney, Government Printer, Wellington.—l 934.

Price 6d.]

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