8.—6

Table No. 11. Statement showing how Accumulated Surpluses have been applied.

VIII

To Accumulated surpluses £ By Transfers to — £ £ at 31st March, 1931 30,395,817 Discharged Soldiers Settlement Account — 1920-21 .. .. 13,330,000 1921-22 .. .. 170,000 13,500,000 Discharged Soldiers Settlement Loans Act 1920 Depreciation Fund Account — 1920-21 .. .. 50,000 1921-22 .. .. 50,000 1922-23 .. .. 50,000 1923-24 .. .. 50,000 200,000 Public Works Fund— 1920-21 .. .. 500,000 1923-24 .. .. 1,000.000 1924-25 .. .. 1,000,000 1925-26 .. .. 500,000 1927-28 .. .. 250,000 3,250,000 Reserve Fund Account— For purchase of securities, 1920-21 .. .. 1,200,000 For redemption of loan, 1922-23 .. .. 800,000 2,000,000 Loans redemption — 1921-22 .. .. 560,011 1922-23 .. .. 2,337,360 1923-24 .. .. 1,367,341 1924-25 .. .. 1,052,130 1925-26 .. .. 566,161* 1926-27 .. .. 588,868f 1927-28 .. .. 95,980 1928-29 .. .. 50 6,567,901 Bank of New Zealand Shares Account— £ 1926-27 .. .. 808,594 1927-28 .. .. 117,187 1928-29 .. .. 58,594 984,375 Education Loans Account, 1923-24 .. 100,000 Subsidies for relief of unemployment .. 531,415 Assistance towards earthquake services .. 33,226 Advance to State Forests Account .. 45,000 Advance to Rural Intermediate Credit Board .. .. .. .. 400,000 /Advance to Westport Harbour Account 5,000 Charges and expenses of renewing loans.. 4,105 Ordinary revenue — To balance revenue and expenditure— £ 1921-22 .. .. 279,831 1928-29 .. .. 577,252 1930-31 .. .. 1,639,111 2,496,194 Balance (cash and imprests) at 31st March, 1931 .. .. .. 278,601 £30,395,817 £30,395,817 * Includes £151,824 of reparation-moneys received from Germany. f Includes £73,710 of reparationmo asys received from Germany.