B.—l [PT. I].

PUBLIC ACCOUNTS, 1 933-1 934.

Year ended 31st March, 1934, compared with the Year ended 31st March, 1933—continued.

29

ACCOUNT—continued. Year Year ended 31sx March, ENDED 31ST MARCH, 1034 1933. EXPENDITURE. lao • Gross. Credits. Net, £ s. d. £ s. d. £ s. d. £ s. d. 13,340,454 8 4 Brought forward .. .. .. .. .. .. 8,558,250 0 0 War Credits applied in redemption of Loans in terms of Section 13 (1) of the Finance Act, 1925, — Securities redeemed at maturity— 450 0 0 Debentures.. .. .. .. .. .. .. .. 250 0 0 4,642 17 7 Inscribed Stock (Death Duties) Securities redeemed before maturity— Stock .. .. .. .. .. .. .. .. 400 0 0 5,092 17 7 650 0 0 Reparation Moneys applied in redemption of Loans in terms of the Public Revenues Act, 1926, Section 135 (3), — Securities redeemed at maturity— 27,700 0 0 Debentures.. 50,050 0 0 Inscribed Stock 49,882 2 5 Death Duty Stock 127,632 2 5 New Zealand Loans Act, 1932, Section 61, — 126,884 0 7 Charges and Expenses of raising Loans—- — Issues in renewal and conversion .. .. .. .. .. 258,142 3 10 Balance at end of Year, —- 91,552 10 10 Cash .. .. .. .. .. .. .. 414,500 9 6 Investment Account— 212,105 0 0 Securities held 414,500 9 6 303,657 10 10 £13,903,720 19 9 Totals .. .. .. .. .. .. £9,231,542 13 4 PART II CONVERSION ACCOUNT. £ s. d. New Zealand Loans Act, 1932, —- £ s. d. £ s. d. £ s. d. New Zealand Debt Conversion Act, 1932-33 — Section 9 — Debentures (dissented) exchanged for Stock .. .. .. .. 76,650 0 0 Section 12—Securities converted— Debentures .. .. .. .. .. 16,364,333 8 4 Stock .. .. .. .. .. .. 52,947,452 10 1 Death Duty Stock .. .. .. .. 886,915 0 0 Stock Certificates .. .. .. .. 4,200 0 0 — — .. 70,202,900 18 5 Finance Act, 1933 (No. 2), Section 2— Securities converted— Debentures .. .. .. .. .. 42,313,883 17 1 Stock (Nominal value, £217,530) .. .. .. 217,316 8 0 — — .. 42,531,200 5 1 New Zealand Debt Conversion Act, 1932-33 — Premiums on conversion .. .. .. .. .. .. 491,254 8 6 Amount lodged to bring premiums on conversion up to a multiple of £5 transferred to Ordinary Revenue Account to meet costs of conversion .. .. .. .. .. .. 16,319 7 8 Balance at end of Year, —■ 6,398 0 2 Cash .. .. .. .. .. .... £6,398 0 2 Totals .. .. .. .. .. .. £113,318,324 19 8