B—2

with, the balance at the beginning of the year (£520,670 lis. 6d.), the amount of £1,083,350 was utilized in the discharge of the public debt of securities of a nominal amount of £1,083,350, as per statement hereunder. Public Debt Repayment Account Receipts Balance at beginning of year— £ s. d. £ s. d. Cash in the Public Account .. .. .. .. .. 520,670 11 6 Repayment of the Public Debt Act, 1925, section 11— Transfers from the Consolidated FundSubsection (a), being one-half of 1 per cent, of the amount of the public debt outstanding at 31st March, 1945 2,580,503 2 0 Subsection (a), being one-half of 1 per cent, of the amount of the public debt redeemed to 31st March, 1945 .. 166,710 22 Subsection (6), being 3-J- per cent, of the amount of the public debt redeemed to 31st March, 1945 .. 1,166,970 15 0 3,914,183 19 2 £4,434,854 10 8 Payments Securities redeemed and cancelled in terms of section 13 of the Repayment of the Public Debt Act, 1925 New Zealand Loans Act, 1932 — £ s. d. £ s. d. Debentures .. .. .. .. .. 12,235 0 0 Stock .. .. .. .. .. .. 898,320 0 0 Death-duty stock .. .. .. .. 172,795 0 0 1,083,350 0 0 Balance at end of year— Cash in the Public Account .. .. .. .. .. 3,351,504 10 8 £4,434,854 10 8

Statement of Securities redeemed and cancelled in Terms of Section 13 of the Repayment of the Public Debt Act, 1925, during the Financial Year 1945-46

2

Nature of Security. Rate per Cent. Date of Maturity. Nominal Value. Cash Utilized. Date of Redemption. Debentures Stock 95 • * * • * * 99 . . . . • • 99 99 99 • • • • • • 99 * * • * • • 99 99 99 * • • • 99 • • • # 99 * • • 9 • • 99 • * * * * * 99 • • • • V 99 • • * * * * 99 99 • • • • • * 99 » 4 4 4 3 2* n 2t 3 4 2* 2i 21 2i 3 4 3 3 3 3 3 3i 15/2/46 15/2/46 15/3/43 15/9/48 1/8/46 15/9/47 15/5/48 15/9/48 15/4/49 15/6/49 15/2/50 15/4/51 1/10/53 1/8/54 15/6/55 15/9/55 15/5/56 15/12/56 15/2/58 15/4/59 15/9/60 £ s. d. 12,235 0 0 300 0 0 20 0 0 898,000 0 0 5,350 0 0 2,070 0 0 2,090 0 0 100 0 0 150 0 0 6,020 0 0 2,800 0 0 360 0 0 18,610 0 0 18,310 0 0 160 0 0 20,225 0 0 20,240 0 0 41,495 0 0 29,760 0 0 1,400 0 0 3,655 0 0 £ s. d. 12,235 0 0 300 0 0 20 0 0 898,000 0 0 5,350 0 0 2,070 0 0 2,090 0 0 100 0 0 150 0 0 6,020 0 0 2,800 0 0 360 0 0 18,610 0 0 18,310 0 0 160 0 0 20,225 0 0 20,240 0 0 41,495 0 0 29,760 0 0 1,400 0 0 3,655 0 0 15/5/44 15/5/44 15/9/41 31/3/46 Various.* 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 99 1,083,350 0 0 1,083,350 0 0 * Redemption at various dates of death-duty stock.