B.—l [PT. IV].

176

PUBLIC DEBT REDEMPTION FUND. Showing the Net Cost to the Taxpayer of Debt-reduction under the Repayment of the Public Debt Act, 1925. Revenue Account foe the Year ended 31st March, 1930. Debit. Credit. To Public Debt Repayment Account —Payments £ s. d. By Interest on Public Debt Redemption Fund— £ s. d. from Consolidated Fund —• Public Trust Office .. .. .. 417,910 811 | per cent, on public debt outstanding State Advances Office .. .. .. 154,310 810 at 31st March, 1929.. .. .. 974,179 17 5 Discharged Soldiers Settlement Account .. 434,115 1 4 J per cent, on public debt redeemed to 31st Excess of expenditure over revenue .. 147,909 8 6 March, 1929 .. .. .. 19,387 16 4 3£ per cent, on public debt redeemed to 31st March, 1929 .. .. .. 135,714 14 7 3£ per cent, on public debt cancelled during year .. .. .. .. 24,962 19 3 £1,154,245 7 7 £1,154,245 7 7 Balance-sheet as at 31st March, 1930. Liabilities. £ s. d. Assets. Public Debt Redemption Fund .. .. 22,075,644 10 6 | Investments— £ s. d. Treasury Adjustment Account .. .. 229,838 19 4 j Public Trust Office .. .. .. 7,966,688 11 2 State Advances Office .. .. .. 3,258,955 19 4 Discharged Soldiers Settlement Account .. 10,850,000 0 0 Interest accrued — Public Trust Office .. .. .. 855 13 5 State Advances Office .. .. .. 35,365 9 8 Discharged Soldiers Settlement Account .. 35,671 4 8 Interest due and unpaid— State Advances Office .. .. .. 9,790 1 3 Sundry debtors for interest .. .. 247 1 10 Excess of expenditure over income .. 147,909 8 6 £22,305,483 9 10 £22,305,483 9 10 G. C. Rodda, F.R.A.N.Z., Accountant to the Treasury. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —G. F. C. Campbell, Controller and Auditor-General.