67

B—l [Pt. I]

PUBLIC ACCOUNTS, 1948-1949

STATEMENT OF CORPORATION INVESTMENTS HELD AS AT 31st MARCH, 1949 AND SUBMITTED AS REQUIRED BY FINANCE ACT, 1947, SECTION 3

4—B 1 [Pt I]

Bank of New Zealand— Nominal Value. Finance Act, 1926, section 8 — £ s. d. £ s. d. Shares acquired 2,109,375 0 0 1,859,375 0 0 Bank of New Zealand Act, 1945 — Shares acquired 4,212,396 0 0 10,148,722 7 3 Finance Act, 1948, section 3 (4) — Shares acquired 6,354 0 0 10,198 3 2 £6,328,125 0 0 £12,018,295 10 5 British Commonwealth Pacific Airlines, Ltd.— Finance Act, 1946, section 3— £ s. d. Shares acquired : 300 £1,000 shares 300,000 0 0 British Petroleum Co. of New Zealand, Ltd.— Finance Act (No. 2), 1946, section 3 — Shares acquired : 1,275,000 £1 shares paid up to 17s. 1,083,750 0 0 British Phosphate Commissioners — Finance Act, 1920, section 15— Capital advanced 483,899 15 3 Christmas Island Phosphate Concession — Finance Act (No. 2), 1948, section 2— Capital advanced 1,375,000 0 0 Kamo Collieries, Ltd. — Statutes Amendment Act, 1945, section 9— Shares acquired .. 104,000 0 0 Linen Flax Corporation— Linen Flax Corporation Act, 1945, section 13— Capital advanced 300,000 0 0 New Zealand National Airways CorporationNew Zealand Airways Act, 1945, section 25— Capital advanced . . 1,225,000 0 0 New Zealand Woolpack and Textiles, Ltd.— Finance Act, 1940, section 15— Shares acquired— 600,000 5s. shares paid up to Is. ; calls in advance to 4s. .. 150,000 0 0 Reserve Bank of New Zealand — Reserve Bank of New Zealand Act, 1933, section 11-— General Reserve Fund 1,500,000 0 0 State Advances Corporation— State Advances Corporation Act, 1934-35, section 6, and State Advances Corporation Act, 1936, section 6— Capital advanced . 1,000,000 0 0 State Advances Corporation Act, 1934-35, section 33 (2) — State's contribution to General Reserve Fund .. 2,753,164 1 11 State Advances Corporation Act, 1934-35, section 38 — Stock issued in exchange for securities transferred to the Corporation 34,044,850 0 0 Tasman Empire Airways, Ltd.— Finance Act (No. 2), 1939, section 2— Shares acquired : 375,000 £1 shares 375,000 0 0 Taupiri Coal Mines, Ltd.— Statutes Amendment Act, 1945, section 9— Shares acquired .. .. .. •• 807,240 10 0 Total £57,520,199 17 7