B.—] [Pt, IV, Sup. B].

95

RESERVE FUND ACCOUNT. Receipts and Payments Account to 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. To Debentures issued .. .. .. 800,000 0 0 By Investment Account (securities purchased; 2,739,302 3 8 Transfer from Consolidated Fund (Finance Interest on loans .. .. .. 452,855 13 6 Act, 1919, section 3(2); Finance Act, Debentures redeemed .. .. .. 800,000 0 0 1920, section 32) .. .. .. 1,200,000 0 0 Treasury Adjustment Account .. .. 161,046 14 0 Transfer from Consolidated Fund for redemption of debentures .. .. 800,000 0 0 Interest on investments .. .. 014,502 7 6 Sales of securities .. .. .. 739,302 3 8 £4,153,804 11 2 £4,153,804 11 2 ( Income and Expenditure Account from Ist April, 1907, to 31st March, 1921. Expenditure,. Income. To Losses on sales— £ s. d. By Profit on sales— £ s. d. Irish Land 2f-per-eent. stock .. .. 70,145 910 Local loans, 3-per-cent. stock .. .. 3,90(5 1 0 Bank of England stock .. .. .. 8,384 (i 9 2i-per-cent. Annuities stock .. .. 2,327 8 0 London County 3|-per-cent. stock .. .. 329 17 1 Metropolitan Water Board 3-per-cent. stock 1,280 11 0 Metropolitan Police 3-per-cent. stock .. 1,701 12 6 War Loan 2J-per-cent. stock .. .. 1,149 2 0 Interest on loans .. .. .. 452,855 13 6 Interest on investments .. .. .. 014,502 7 0 Balance —Net profit .. .. .. 119,137 17 5 Interest accrued on investments .. .. 28,444 6 7 Interest due and unpaid .. .. .. 885 0 0 £052,554 17 1 ■ £052,554 17 ] Balance-sheet 31st March, 1924. Liabilities. £ s. d. Assets. Capital Account .. .. 2,000,000 0 0 Investment Account — Income and Expenditure Account— Nominal Value. Cost Prico. Net excess of income over ex- £ s. d. £ s. d. £ s. d. penditure to date.. .. 119,137 17 5 Transvaal 3-per-cent. 230,000 0 0 stock .. .. 212,005 9 0 Egypt guaranteed 3-per--59,000 0 0 cent, bonds .. 50,362 15 0 153,010 6 1 India 3J-per-cent. stock 147,547 8 6 357,766 5 7 India 3-per-cent. stock 201,500 3 4 65,340 8 4 India 2|-per-cent. stock 31,746 1 0 British War Loan 5-per--1,283,157 17 11 cent, stock .. 1,219,000 0 0 2,148,274 17 11 1,928,161 16 10 Interest accrued on investments. . .. 28,444 6 7 Interest due and unpaid .. . . 885 0 0 29,329 6 7 Treasury Adjustment Account .. .. .. .. 161,646 14 0 £2,119,137 17 5 £2,119,137 17 5 R. E. Hayes, Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C.'Campbell, . Controller and Auditor-General.