1

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