8.—6

Table No. 20. WAR EXPENSES ACCOUNT. Summary of Transactions from Inception of Account up to 31st March, 1925. Receipts. £ Total loans raised .. .. .. .. .. .. .. 82,256,665* Less redemptions .. .. .. .. .. .. 5,624,943 £ Net war debt as at 31st March, 1925 .. . . .. .. . . 76,631,722 Premiums on loan issues .. .. .. .. .. .. .. 156 Voluntary contributions .. .. .. .. .. .. .. 175,174 Recovered from German Government (share of cost of Army of Occupation) .. 507,000 Provided by Consolidated Fund for redemption purposes .. .. .. 1,703,887 Sinking fund freed for redemption purposes .. .. .. .. .. 714,627 Discount on redemptions below par .. .. .. .. .. .. 27,693 Held on account of remittances to and from soldiers and Pay Warrants Account .. 39 Total .. .. .. .. .. .. .. £79,760,298 Expenditure. War purposes — £ Camps and equipment .. .. .. .. .. .. 7,004,800 Transport of troops .. .. .. .. .. .. 8,690,473 Maintenance in the field .. .. .. .. 14,369,720 Pay and allowances .. .. .. .. .. .. 31,027,790 Medical and hospital expenses (including Hospital ships) .. .. 4,160,173 Other .. .. .. .. .. .. .. 6,309,881 71,562,837 Gratuity .. .. .. .. .. .. .. .. 5,652,995 Difference in pay and gratuity of New-Zealanders who served with Imperial Forces 355,829 Repatriation .. .. .. .. .. .. .. 2,387,178 Less advances repaid, &c. .. .. .. .. .. 1,265,804 . • — 1,121,374 Relief purposes .. .. .. .. .. .. .. .. 268,439 Charges and expenses of raising loans.. .. .. .. .. .. 723,881 Held for future redemptions.. .. .. .. .. .. . . 66,463 Balance War Expenses Account .. .. .. .. .. .. 8,480 Total .. .. .. .. .. .. .. £79,760,298

* Includes £10,992 raised to cover oost of subsequent redemptions.

XXII