B.—l FPT. I

PUBLIC ACCOUNTS, 1926-1927.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS

26

BANK OP NEW ZEALAND 1925-1926. RECEIPTS. 1926-1927. I £ s. d. Finance Act, 1926, Section 8 (2), - £ s. d. £ s. d. Transfer of Shares from Ordinary Revenue Account—■ £750,000 Preference " A" Shares (at cost) .. .. .. .. 750.000 0 0 Transfer of Shares from Bank of New Zealand Acts Account — £500,000 Preference " A" Shares (at cost) .. .. .. .. 500,000 0 0 £625,000 Preference " B" Shares (at cost) .. .. .. .. 375,000 0 0 1,625,000 0 0 Finance Act, 1926, Section 8 (3), — Dividends received in terms of Bank of New Zealand Act, 1920, Section 13 .. .. 212,476 0 6 ; Finance Act, 1926, Section 8 (1), —• Appropriation Act, 1926, Section 17 — Transfer from Consolidated Fund of amount required to pay first instalment of 5s. per share on 234,375 " C " Long-term Mortgage Shares .. .. .. 58,593 15 0 Totals .. .. .. .. .. .. .. £1,896,069 15 6 CHEVIOT ESTATE £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 9,309 19 10 Cash in the Public Account .. .. .. .. .. .. 73,686 13 9 214,640 0 0 Investment Account .. .. .. .. .. .. .. 131,220 0 0 204,906 13 9 223,949 19 10 Receipts under the Land Aot, 1924, — 17,178 14 7 Rents from Lands.. .. .. ., .. .. .. .. 16,960 6 8 65 0 0 Sales .. .. .. .. .. .. .. .. .. 90 0 0 17,050 6 8 17,243 14 7 ! 9,088 14 9 Interest on Securities held by Investment Account .. .. .. .. .. 8,059 3 11 Adjustment of amount wrongly debited in 1925/26 Accounts, — Amortization of Debt — Transfer to Loans Redemption Account for Redemption and Cancellation of securities in terms of Section 24, Finance Act, 1921-22— New Zealand Loans Act, 1908— New Zealand Consolidated Stock, 1940 (nominal value, nil) .. .. 271 16 11 £250,282 9 2 Totals .. .. .. .. .. .. £230,288 1 3 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 81