39

0.—3

APPENDIX VIII.—LOAN ACCOUNT AS AT 31st MARCH, 1926. To Loan authority— £ s. d. By Debentures issued .. .. £ s. d. Section 40, Forests Act, 1921-22 .. Finance Act, 1916 (section 50), at Section 50, Finance Act, 1916 .. 4J 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 .. 3,225 7 2 £604,396 13 5 £604,396 13 5 Note.—The authorities under the Finance Acts, 1916, 1918, and 1920 were repealed by section 40, Forests Act, 1921-22.

APPENDIX IX.—STATE FORESTS ACCOUNT, 1917-26.

Approximate Cost of Payer.—Preparation, not given ; printing (1,550 copies), £95.

Authority : W. A. G. Skinner, Government Printer, Wellington.—1926.

Price Is. 3<l.\

Receipts. Payments. Fiscal Year. Income. T-oans raised. Tota1 ' Ca P ltal " Operation. In £SJL° n Total. ££££££££ Balance, 31at March,1917 .. .. .. 2,530 1917-18 .. .. 13,299 28,100 .. 41,399 40,865 988 902 42,755 1918-19 .. .. 7,529 36,900* .. 44,429 39,162 2,182 1,861 43,205 1919-20 .. .. 8,514 65,000 .. 73,514 60,844 5,975 3,577 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 9,797 117,724 1922-23 .. .. 63,372 214,221 2,935 280,528 51,823 38,591 19,701 110,115 1923-24 .. .. 93,480 209 6,013 99,702 54,323 43,077 23,172 120,572 1924-25 .. .. 161,469 100,000 6,727 268,196 171,920f 56,245 23,157 251,322 1925-26 .. .. 152,550 .. 7,178 159,728 115,886 63,729 28,004 207,619 Balance, 3 1st March, 1926 .. 127,901 1,177,108 1,177,108 * Includes £10,000 from Consolidated Fund. i Includes £100,000 purchase of Selwyn Settlement forest. Note. —Credits-in-aid and recoveries have been deducted from expenditure.