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35

Loan Account as at 31st March, 1925. To Loan authority— £ s. d. By Debentures issued — £ s. d. Section 40, Forests Act, 1921-22 .."1 Finance Act, 1916 (section 50), at Section 50, Finance Act, 1916 .. | 4$ per cent. .. .. .. 50,000 0 0 Section 32, Finance Act, 1918 '>-500,000 0 0 Finance Act, 1918 (No. 2), (sec(No 2) .. .. .. tion 32), at 4 per cent. .. 100,000 0 0 Section 16, Finance Act, 1920 ..J Finance Act, 1918 (No. 2), (secSection 40, Forests Act, 1921-22/ tion 32), at 4| per cent. .. 100,000 0 0 and section 16, Finance Act, 1924 100,000 0 0 Finance Act, 1920 (section 16), Section 8, New Zealand Loans Act, at 4J per cent. .. •• 45,000 0 0 1908 .. .. .. 4,396 13 5 Finance Act, 1924 (section 16), at 5 per cent. .. .. 100,000 0 0 Stock issued— Finance Act, 1916 (section 50), and Finance Act, 1920 (section 16) — New Zealand consolidated stock, 1936-51, at 6 per cent. .. 1,774 12 10 New Zealand consolidated stock, 1936-45, at 5 per cent. .. 204,396 13 5 Balance of authority .. .. 3,225 7 2 £604.396 13 5 £604,396 13 5 Note. —The authorities under the Finance Acts, 1916, 1918, 1920, were repealed by section 40, Forests Act, 1921-22._

ANNEXURE VII.—STATE FORESTS ACCOUNT, 1917-25.

Approximate Cost of Paper.—Preparation, not given ; printing (1,523 copies, including graphs and illustrations), £81.

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I Receipts. Payments. income. Ubs raised. n?s. Capita,. Operation, j "l™ I ! £ £ £ £ £ £ £ { £ Balance, 31st March, 191 I .. .. .. 2,530 .. .. •• j 1917-18 .. .. .13,299 28,100 .. 41,399 j 40,865 988 902 J 42,755 1918-19 .. .. 7,529 36,900* .. 44,429 : 39,162 2,182 1,86] J 43,205 1919-20 .. .. 8,514 65,000 .. 73,514 60,844 5,975 3,577 j 70,396 1920-21 .. .. 19,518 70,000 .. 89,518 64,802 14,570 6,127 | 85,499 1921-22 .. .. 30,784 86,780 .. 117,564 69,840 38,087 9,797 i 117,724 1922-23 .. .. 63,372 214,221 2,935 280,528 51,823 38,591 19,701 i 110,115 1923-24 .. .. 93,480 209 6,013 99.702 i 54,323 43,077 23.172 j 120,572 1924-25 .. .. 161,469 100,000 6,727 268,196 171,920t 56,245+ 23,157 ! 251,322 Balance, 31st March, 1925 .. 175,792 1,017,380 i 1,017,380 I * Includes £10,000 from Consolidated Fund. f Includes £100,000 purchase of Selwyn Settlement forest. 1 Includes £12,612 transferred to National Endowment Account. Note. —Credits-in-aid and recoveries have been deducted from expenditure.