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APPENDIX V. Loan Account as at 31st March:, 1929. To Loan authority— £ s. d. By Debentures issued— £ s. d. Section 40, Forests Act, 1921-22* 500,000 0 0 Finance Act, 1919 (section 50), at Section 40, Forests Act, 1921-22, 4I per cent. .. .. 50,000 0 0 and section 16, Finance Act, Finance Act, 1918 (No. 2), (sec--1924 .. .. .. 100.000 0 0 tion 32), at 4 per cent... .. 171,000 0 0 Section 8, New Zealand Loans Act,. Finance Act, 1918 (No. 2), (see--1908 (charges and expenses of tion 32), at 4J per cent. : 2.9,000 0 0 raising New Zealand Consoli- Finance Act, 1920 (section 16), at dated Stock, 1936—45) .. 4,396 13 5 4 per cent. .. .. .. 27,000 0 0 Section 40, Forests Act, 1921-22, Finance Act, 1920 (section 16), at and section 6, Finance Act, 1926 500,000 0 0 4J per cent. .. .. 8,000 0 0 Forests Act, 1921-22, at 4J per cent. .. .. .. 10,000 0 0 Forests Act, 1921-22, and Finance Act, 1924, at 5 per cent. .. 100,000 0 0 Forests Act, 1921-22, and Finance Act, 1926 (section 6) .. 80,400 0 0 Stock issued— 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 New Zealand Inscribed Stock, at 5J per cent. .. . . 234,600 0 0 Balance of authority .. .. 188,225 7 2 £1,104,396 13 5 £1,104,396 13 5 * Section 40, Forests Act, 1921-22, confirmed the authorities previously issued under the Finance Acts, 1916, 1918, and 1920, and repealed all the authorities outstanding thereunder. Note.—Undet Section 21, Finance Act, 1926, certain appropriations out of the Consolidated Fund for afforestation purposes, totalling £59,250, become repayable to the Consolidated Fund, and bear interest at 4} per cent, from Ist April, 1926, until repayment. This does not include £45,000 advanced from Consolidated Fund in terms of section 7 (1) of the Finance Act, 1927.

APPENDIX VI.

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State Forests Account, 1917-29. I Receipts. Payments. Fiscal Year. Income. Loans raised, Tota1 ' CapitaK Operation. In j£^° n TotaJ ' I ' ££££££££ Balance, 31st 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 ' 6,727 268,196 171,9201" 56,245 23,157 251,322 1925-26 .. .. 152,550 .. 7,178 159,728 115,886 63,729 28,004 207,619 1926-27 .. .. 128,566 .. 4,552 133,118 134,411 72.787 29,077 236.275 1927-28 .. .. 115,398 160,000 1,224 276,622 152,395 75,896 35,040 263,331 1928-29 .. .. 102,468J 200,000 3,205 305,673 208,816 72,165 44,189 325,170 Balance, 3 1st March, 1929 .. 18,538 J 1,892,521 1,892,521 * Includes £10,000 from Consolidated Fund. f Includes £100,000 purchase of Selwyn Settlement forest. J Includes £12,034 reimbursement purchase-price Hukinga, &c. Note. —Credits-in-aid and recoveries have been deducted from expenditure.