B—l [P T . I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE

36

LAND FOR SETTLEMENTS RECEIPTS £ s. d. £ s. d. Brought forward | 6,646,799 15 7 Total £6,646,799 15 7 LOANS REDEMPTION Balances at beginning of year— £ s. d. £ s. d. Cash 2,019,717 0 3 Cash transferred from Public Debt Repayment Account as at 1st April, 1947 229,694 18 3 2,249,411 18 6 New Zealand Loans Amendment Act-, 1947 — Section 11 {a) — Moneys raised for the purpose of repaying loans— Securities issued in conversion and in renewal of loans — Stock— To mature— 15th October, 1957 6,065,650 0 0 15th February, 1955-58 1,123,291 0 0 15th November, 1958 7,854,262 0 0 15th March, 1962 14,000,000 0 0 15th April, 1960-63 200 0 0 15th July, 1962-64 3,044,275 0 0 32,087,678 0 0 Section 11 (b) — Annual contribution from Consolidated Fund in respect of the defined portion of the public debt— One-half per centum of the total amount of the defined portion of the public debt outstanding at 31st March, 1947 2,713,395 18 6 Four per centum of the total amount of the defined portion of the public debt repaid or redeemed to 31st March, 1947 1,663,827 4 0 A Q77 99Q O (V-fc Carried forward 38,714,313 1 0 * Previously shown in Public Debt Repayment Account, closed as at 31st March, 1947.