B—1 [PT. II]

The following- statement shows the amounts of loans subject to the Repayment of the Public Debt Act, 1925, and those not subject to the Act, as at 31st March, 1946. The amounts set opposite the several accounts, other than the Ordinary Revenue Accounts and War Expenses Account (1939), represent also the amounts of capital liability due by such accounts to the Consolidated Fund in terms of section 6 of the National Development Loans Act, 1941. Particulars Loans subject to the Repayment of the Public Debt Act, 1925 Consolidated Fund: Ordinary Revenue Account — £ s. d. £ s. d. Greymouth Harbour Board Account .. .. 148,000 0 0 Mining Advances Account .. .. .. 33,20.9 011 Miscellaneous .. .. .. .. 13,961,142 18 0 Reserve Bank of New Zealand Account .. 1,125,000 0 0 State Advances Corporation Account .. .. 1,030,728 9 0 War Expenses Account (1914-18) .. .. 58,296,698 11 3 Exchange Account (Ordinary).. .. .. 30,180,070 17 2 Public Works Account— Public Works .. .. .. .. 173,189,421 3 10 Housing Construction .. .. .. 4,260,286 18 11 Housing Account .. .. .. .. 26,813,033 7 5 Bank of New Zealand Shares Account .. .. 7,037,410 0 0 Iron and Steel Industry Account .. .. .. 16,000 0 0 Land for Settlements Account .. .. .. 9,150,270 2 3 Cheviot Estate Account .. . .. .. 160,918 0 0 Main Highways Account .. .. .. .. 13,067,918 11 8 State Forests Account .. .. .. .. 4,177,438 7 5 War Expenses Account (1939) .. .. .. 221,774,506 3 0 564,422,052 10 10 Less Loans represented by funded debt to the Imperial Government .. .. .. .. .. 30,125,249 8 3 534,296,803 2 7 Loans not subject to the Repayment of the Public Debt Act, 1925 Loans for which provision for repayment is otherwise £ s. d. provided— State Coal-mines Account .. .. .. 1,813,123 3 0 Electric Supply Account .. .. .. 24,082,672 10 10 Nauru and Ocean Islands Account .. .. 192,044 7 3 State Advances Account .. .. .. 34,001,697 010 60,089,537 1 11 Funded debt due to the Imperial Government .. .. .. 30,125,249 8 3 Total liability represented by debt as at 31st March, 1946 .. £624,511,589 12 9 Increase and Decrease of the Public Debt The following statement shows increases and decreases of the public debt during the year:— £ s. d. Total debt as at 31st March, 1945 .. .. .. .. .. 603,238,411 14 8 Increases during the year— £ s. d. Bank of New Zealand Shares Account .. .. 7,038,880 0 0 National Development Loans .. .. .. 12,980,000 0 0 War Expenses .. .. .. .. .. 37,182,884 5 0 57,201,764 5 0 660,440,175 19 8 Decreases during the year— War expenses debt redeemed .. .. .. 34,158,484 4 6 Other debt r&deemed .. .. .. .. 1,770,102 2 5 35,928,586 6 11 Total debt as at 31st March, 1946 .. .. .. .. .. £624,511,589 12 9

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