8.—6

22

Table No. 16. Statement of Assets held, and Capital Expenditure, as against the Public Debt on the 31st March, 1923, together with Supporting Schedules. Liabilities. Public debt— £ £ Ordinary .. .. .. .. .. .. 116,067,273 State advances .. .. .. .. .. .. 12,562,950 . — 128,630,223 War .. .. .. .. .. .. .. 80,563,885 Discharged-soldiers settlement (including purchase of estates) .. 9,759,216 90,323,101 Gross Public Debt .. .. .. .. .. .. ..218,953,324 Less raised for redemption of loans maturing 1923/21- .. .. .. 50,020 £218,903,304 Assets. £ Sinking funds accrued (Schedule I) .. .. .. .. .. .. 11,879,256 Investments of cash balances of the Public Account* (Schedule II) .. .. .. 7,855,364 Bank of New Zealand shares, nominal value .. .. . . .. .. 1,125,000 Reserve Fund securities, at cost .. .. . . . . .. .. 2,000,000 New Zealand Consols —-Investments and cash .. .. .. .. .. 475,91)2 State advances -Mortgages and investments .. .. .. .. .. 13,977,288 Advances made by Treasury (Schedule III) .. .. .. .. .. 19,238,326 Cash in Public Account* .. .. .. .. .. £4,802,173 Cash in hands of officers of the Government* .. .. .. 528,634 5,330,807 Less outstanding liabilities 31st March, 1923 .. .. . . 2,124,610 2,906,197 59,457,423 Total amount expended for railways, public buildings, telegraphs, harbours, lighthouses, housing, electric development, &c, to 31st March, 1923 (Schedule. IV) .'. .. f68,1 19,223 Crown lands—Estimated value (including settlement lands, Native lands, and education reserves) .. .. .. .. .. .. .. .. 29,775,000 State forests—Estimated value of forests, reserves, plantations, and nurseriesj .. 38,043,026 Samoian Crown Estates Estimated value of late enemy property taken over in Samoa pending complete valuation .. .. .. .. .. .. 500,000 Total assets .. .. .. .. .. .. .. .. 195,894,672 ftxoess of liabilities over assets .. .. .. .. .. 23,008,632 §£218,903,304 Sinking Funds accrued : Schedule I. £ Public Debt Extinction Act, 1910 .. .. .. .. .. .. 2,633,386 War loans (Finance Act, 1918 (No. 2), section 6) .. .. .. .. 4,160,066 Local Bodies' Loans Act, 1908.. .. .. .. .. .. .. 799,601 Naval Defence Act, 1909 .. .. .. .. .. .. .. 973,343 War and defence loans .. .. .. .. .. .. .. 192,691 New Zealand Loans Act, 1863 .. .. .. .. .. .. 2,207 State advances debt .. .. .. .. .. .. .. .. 1,731,674 State Coal-mines Act, 1908 .. .. .. .. .. .. .. 29,532 Westport Harbour loans .. .. .. .. .. .. .. 281,332 State Advances Act, 1913, section 26 — Land for settlements .. .. .. .. .. .. .. 1,056,139 Native-land settlement .. .. .. .. .. .. .. 11,977 Local authorities .. .. .. .. .. .. .. .. 6,497 Guaranteed mining advances .. .. .. .. .. .. -811 £11,879,256 * Does not include local bodies or doposits funds. t This does not inolude £19,759,612 (Schedule V) expended on indirectly productive services, such as roads, immigration, &c, shown in table, t Valuation not complete. § Stores and supplies on hand not included in assets.