B.—l [PT. I],

PUBLIC ACCOUNTS, 1 926-1927.

STATEMENT of the RECEIPTS and EXPENDITURE of SEPARATE ACCOUNTS for the

66

RAILWAYS IMPROVEMENT 1925-1926. RECEIPTS. 1926-1927. 598,875 1 11 Brought forward .. .. .. .. .. £ s. d. ggg 2 3 Credits in reduction of Expenditure under Section 10 of the Finance Aot, 1925,— Rearrangement of or alterations and additions to stations .. .. .. 604 5 1 Workshops and equipment of Locomotive branch .. .. .. .. 0 3 10 136 18 * Telephones, telegraphs, and signalling, interlocking and safety applianoas .. 5 7 0 1,677 12 3 New workshops at Otahuhu and Petone, &c. .. .. .. .. .. 2 533 16 3 Miscellaneous works—-Permanent-way materials .. .. .. .. .. ,, 75 178 17 9 1,814 10 7 78,322 9 11 New Zealand Loans Act, 1908, Section 5(1) (b), —■ Railways Improvement Authorization Act, 1914 — Temporary advance receivod from Bank of England on Memorandum of Security .. 90,000 0 0 New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 1945 — Railways Improvement Authorization Act, 1914— Stock issued in respect of £500,000 authorized (part of £7,000,000 4J-per-cent. 500,000 0 0 Stock Loan) .. .. . . 42,004 10 10 Amount raised to cover charges and expenses of raising £500,000 3 3 2 Interest on overdue instalments .. 542,007 14 0 | New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 1946 — Railways Improvement Authorization Aot, 1914 — Stock issued in respect of £900,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1926) .. .. .. .. .. .. .. 900,000 0 0 Interest on overdue Instalments .. .. .. .. ., 5 15 1 Stock issued to cover charges and expenses of raising £900,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1926) .. .. .. 34,076 7 4 Premium .. .. .. .. .. .. .. .. 340 15 3 New Zealand Inscribed Stock Act, 1917 — 5J-per-cent. Inscribed Stock issued .. .. .. .. 51,310 0 0 5J-per-cent. Inscribed Stock (Death Duties) issued .. .. .. 7,000 0 0 — 992,732 17 8 Adjustment of amount incorrectly charged in 1924-25 Acoounts, — 635 0 0 Expenditure under Seotion 5 of the Railways Improvement Authorization Aot, 1914 il,143,332 6 6 Totals .. .. .. .. .. .. .. £1,560,561 9 10 RANGITAIKI LAND £ s. d. Balance at beginning of Year,— £ s. d. £ s. d. 42,013 7 2 Cash in the Public Account .. .. .. .. .. .. 4,183 13 0 7,000 0 0 Investment Account .. .. .. .. .. .. .. 20,000 0 0 24,183 13 0 49,013 7 2 Credits in reduction of Expenditure under Section 7 of the Rangitaiki Land Drain1,037 10 5 age Aot, 1910 .. .. .. .. .. .. .. .. .. 3,351 8 2 Receipts under the Rangitaiki Land Drainage Aot, 1910, - 11 5 0 "Thirds" .. .. .. .. .. .. .. .. 984 146 13 8 Miscellaneous .. .. .. .. .. .. .. .. 236 17 8 246 6 0 157 18 8 Rangitaiki Land Drainage Aot, 1910, Sections 6 and 7, — 76 6 9 Rate Account .. .. .. .. .. .. .. .. .. 640 13 7 918 12 1 Interest on Securities held by Investment Account .. .. .. .. • ■ 591 16 0 £51,203 15 1 Totals .. .. .. .. .. .. £29,013 16 9 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. l?or the purposes of comparison a summary showing the net expenditure will be found on page 81.