23

B—6

Table No. 16 — continued. ADDITIONAL UNEXHAUSTED AUTHORITIES FOR RAISING LOANS, 1924. Hutt Railway and Road improvement Acts, 1903, 1905, 1907, and £ 1910 .. .. .. .. .. .. 3,320 Government Railways Amendment Act, 1910 . . . . . . 55,470 Finance Act, 1917, Section 77 (Discharged Soldiers Settlement) .. 1,000,000 Main Highways Act, 1922, Section 12 .. .. .. 3,000,000 Finance Act, 1921-22, Section 26 (Samoan Loan) ... .. 5,000 Naval Defence Act, 1909 .. .. .. .". .. 299,400 Land Laws Amendment Act, 1913 (Waste Lands) .. .. 1,000,000 Government Accident Insurance Act, 1908 .. .. .. 23,000 State Fire Insurance Act, 1908 .. .. .. .. 98,000 Table No. 17. Statement of Assets held, and Capital Expenditure, as against the Public Debt on the 31st March, 1924, together with Supporting Schedules. Liabilities. Gross public debt— £ £ Ordinary purposes .. .. .. .. .. 117,290,539 State advances purposes .. .. .. .. .. 17,100,522 134,391,061 War purposes .. .. .. .. .. .. 77,434,184 Discharged soldiers settlement purposes (including purchase of estates) .. .. .. .. .. .. 9,791,116 87,225,300 Total .. .. .. .. .. .. .. .. 221,616,361 Less raised for redemption of loans maturing 1924/25 .. .. .. 46,590 221,569,771 Excess of assets over liabilities .. .. .. .. .. .. 7,578,549 £229,148,320 Assets. Interest-bearing — £ Advances made by Treasury (Schedule I) .. .. .. .. .. 21,964,675 Bank of New Zealand shares, nominal value .. .. .. .. .. 1,500,000 Cash in the Public Account and in the hands of officers of the £ Government* .. .. .. .. .. 3,264,287 Less liabilities outstanding, 31st March, 1924 .. .. 1,780,503 1,483,784 Crown lands —Estimated value (including settlement lands, Native lands, and education reserves) .. .. .. .. .. .. .. 29,620,060 Electric-power supply and development (capital cost).. .. .. .. 2,923,853 Investments of cash balances (Schedule II)* .. .. .. .. .. 6,430,685 Land-drainage schemes .. .. .. .. .. .. .. 1,363,900 Nauru and Ocean Islands .. .. .. .. .. .. .. 600,000 New Zealand Consols—lnvestments and cash .. .. .. .. 475,992 Railways (capital cost —including unopened lines and assets taken over from provinces) .. .. ..." .. .'. .. .. .. 48,265,377 Reserve fund securities, at cost .. .. .. .. .. .. 2,000,000 Sinking funds accrued (Schedule III) .. .. .. .. .. 12,974,028 State advances—Mortgages and property held .. .. .. . . 22,007,586 State coal-mines .. .. .. .. .. .. .. .. 227,600 Telegraph extension (capital cost) .. .. .. .. .. .. 6,219,411 Westport Harbour works, dredging-plant, &c. —Estimated value of assets taken over 800,000 £158,856,951 Not directly Interest-bearing — £ Lighthouses, harbour-works, &c. .. .. .. .. .. .. 1,194,893 Public buildings (including school buildings) .. .. .. .. .. 10,515,970 Recoverable advances (to other Governments and in respect of silver and bronze coin) .. .. .. .. .. .. .. .. 65,598 Samoan Crown Estates —Estimated value (pending complete valuation) of late enemy property taken over in Samoa .. .. .. .. ... 500,000 State forests —Estimated value of forests, reserves, plantations, and nurseriesf .. 37,000,000 Tourist and health resorts .. .. .. .. '.. .. .. 336,880 £49,613,341

* Does not ineJ ude local bodies', deposits funds, sinking funds, Loans Redemption Account, or New Zealand Consols Account. t Valuation not complete.