B. —1 [PT. I].

PUBLIC ACCOUNTS, 1 926-1927.

LOANS REDEMPTION ACCOUNT—continued.

49

1925 1926. EXPENDITURE. 1926-1927. Gross. Gross. I s. d. £ s. d. £ s. d. 494,2-50 0 0 | Brought forward .. .. .. .. .. .. 400,090 0 0 ij-per-cent. Securities, free of Income-tax, converted into 5-per-cent. Inscribed Stock, 1941, not free of Income-tax, — New Zealand Loans Act, 1908 — 1,000 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1930) 4,300 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) .. .. .. 800 0 0 New Zealand Inscribed Stock Act, 1917 — 1,000 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 1st September, 1930) .. 100 0 0 Finance Act, 1916, Section 35 (War Expenses), (due 15th November, 1938).. 1,200 0 0 11,400 0 0 Finance Act, 1918, Section 10 (War Expenses), (due 20th April, 1939) .. 270 0 0 16,000 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) .. .. 25,350 0 0 27,620 0 0 33,800 0 0 17,660,147 15 10 Securities redeemed and cancelled in terms of Section 24 of the Finance Act, __ 1921-22,— Inscribed Stock under — New Zealand Loans Act, 1908 — New Zealand Inscribed Stock Act, 1917 — Aid to Public Works and Land Settlement Act, 1921— 5-per-cent. Inscribed Stock, 1928 .. .. .. .. .. 24,170 0 0 Finance Act, 1915, Section 105 (Public Works) — 5J-per-cent. Inscribed Stock, 1930.. .. .. .. .. 18,650 0 0 Land for Settlements Act, 1908— 5J-per-cent. Inscribed Stock, 1931.. .. .. .. .. 14,150 0 0 Swamp Drainage Act, 1915, and Appropriation Act, 1918, Section 46 — 4J-per-cent. Inscribed Stock, 1929.. .. .. .. .. 1,000 0 0 Debentures under — I New Zealand Loans Act, 1908 — Discharged Soldiers Settlement Loans Act, 1919, Section 4 (due 1st September, 1927) .. .. .. .. .. .. .. 12,650 0 0 Finance Act, 1920, Section 15 (Electric-power Works), (due 1st February, 1936) .. .. .. .. .. .. .. .. 30,000 0 0 Finance Act, 1920, Section 15 (Public Works), (due 1st December, 1930) .. 338,600 0 0 Finance Act, 1921, Section 10 (Public Works), (due 1st September, 1931) .. 70,950 0 0 Fishing Industry Promotion Act, 1919 (due 1st December, 1928) .. .. 2 9 9 Fruit Preserving Industry Act, 1913, and Finance Act, 1917, Section 80, (due 1st April, 1930) .. .. .. .. .. .. .. 5 11 11 Hauraki Plains Amendment Act, 1913, and Appropriation Act, 1919, Section 18 (due 1st February, 1931) .. .. .. .. .. 5,000 0 0 Hauraki Plains Amendment Act, 1913, and Finance Act, 1920, Section 16 (due 1st August, 1928) .. .. .. .. .. .. 20,000 0 0 Housing Act, 1919, Section 30 (due 1st July, 1930) .. .. .. 9 13 3 Land Laws Amendment Act, 1913, and Appropriation Act, 1918, Section 42 (due 1st April, 1930) .. .. .. . . .. .. 11,100 0 0 Native Land Amendment Act, 1913 (due 1st April, 1929).. .. .. 50,000 0 0 New Zealand State-guaranteed Advances Acts, 1909-10 (Advances to Workers Branch), (due 1st February, 1929) .. .. .. .. .. 165,130 0 0 War Purposes Loan Act, 1917 (due 15th November, 1938) .. .. 100 0 0 761,517 14 11 82,408 13 2 War credits applied in redemption of loans in terms of Section 13(1) of the Finance — Act, 1925, —• Securities redeemed and cancelled before maturity in terms of Section 24 of the Finance Act, 1921-22 — Debentures under — New Zealand Loans Act, 1908 — Finance Act, 1918, Section 10 (War Expenses)—- . Due 20 th April, 1930 .. .. .. .. ... .. 142,927 8 4 War Purposes Loan Act, 1917, and Finance Act, 1917, Section 68 — Due 15th November, 1927 .. . . ■ . .. . . 100 0 0 143,027 8 4 IS,250,606 9 0 Carried forward .. .. . .. 1,332,255 3 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.