B.—l [PT. IV].

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ 1 ,• Interest on consolidated stock 32,500 Dividends declared for the year '. I,i 1062 Management charges on consolidated stock .. .. 274 '' , J ' ) ~ Stamp duty on transfers of consolidated stock .. 112 Proportion of expenses of 1940 conversion of consolidated stock .. ~ , _ s6"' Excess of income over expenditure .. .. .. 127,314 £16^062

Balance-sheet as at 31st March. 1940. Liabilities. . . 'luner'tnt mw" ™ n8oli(latol «*>ck- £ Bank of New Zealand shares (at nominal value)- £ .54 per cent. 1939-45 000.000 500,000 preference A shares .. -.00 000 4 per cent 1943-63 375,000 1,375,000 preference B shares .. JTO TOO Wt^rve 11 " Cap,tal ! ! 84 ' 375 234,375 long-term mortgageC shares !! 234" 75 Capital leserve .. .. 250,000 Dividends declared but not paid 7' 781 Accrued interest on consolidated stock .. .. 6,650 Expenses of 1940 conversion of consolidated stock " 15 ->00 Excess of income over expenditure .. .. 127,314 Treasury Adjustment Account .. jaiS £2^U39 A. R. 1. Mackay, M.Com., Ph.D., Accountant to the Treasury. 1 hereby certify that the income and Expenditure Account and Balance-sheet have been dul examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IVJ.-Cyril G. Collins, Controller and Auditor-General. ° "

IUBLIC DEBT REDEMPTION FUND. Income and Expenditure Account for the Year ended 31st March. 1940. Expenditure. | Income Excess ot income over expenditure (being amount avail- £ i Interest able to offset expenditure from Ordinary Revenue ! Public Trust Office .. - stus "" ' £396,410 Balance-sheet as at 31st March, 1940. Liabilities. £ | | Public Debt Dedemption Fund capital .. .. 11,216,689 ! Investments— Excess of income over expenditure .. .. 396,410 Public Trust Office 7,966,689 Investment in State Advances Corporation Account 3 250 000 Interest accrued—■ Public Trust Office .. .. .. <> Investment in State Advance* Corporation Account 17 430 Interest due and unpaid : Public Trust Office .. 2 Treasury Adjustment Account .. .. .. 309 54^ £11,613,099 £11,613,099 A. R. I*. Mack ay, M.Com., Ph.D., Accountant to the Treasury. ' h T b lv Ce ' l tify ! hat *¥ I l llCo,ue aud Expenditure 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.—Cyril G. Collins, Controller and Auditor-General.

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