B—l [PT. I]

STATEMENT of the RECEIPTS and EXPENDITURE of the SEPARATE ACCOUNTS for the Year ended 31st March, 1950—continued

40

RECEIPTS £ s. d. £ s. d. Brought forward 10,282,029 3 7 Balances transferred from Deposits Account in terms of the Land Act, 1948, section 27 (2) 88,331 12 2 Amount received from Public Trustee in terms of Land Act, J 948, section 27 (4) .. .. .. 22,092 15 11 j 110,424 8 1 Total £10,392,453 11 8 The Land Act, 1948, section 27, established the Land Settlement Account Rents, royalties, and interest from Crown lands previously credited to Ordinary Revenue Account LOANS REDEMPTION Balances at beginning of year— £ s. d. £ s. d. Cash 314,731 15 9 Investments 3,985,000 0 0 d 9QQ 731 1 f; g T, ilt/f y lOi JL tJ 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 June, 1954-55 6,777,895 0 0 15th February, 1955-58 1,142,346 0 0 15th April, 1956-59 400 0 0 15th November, 1958 .. 11,169,818 0 0 15th June, 1961-64 8,333,485 0 0 15th March, 1962 6,000,000 0 0 15th December, 1963-66 6,000,000 0 0 1st June, 1973-77 6,015,000 0 0 1st June, 1973-77 (1948-49 cash instalments) 985,000 0 0 46,423,944 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, 1949 2,724,971 15 9 Four per centum of the total amount of the defined portion of the public debt repaid or redeemed to 31st March, 1949 1,998,069 4 0 4- 79.*t 040 1Q 9 Tj I —u j vrtU A fJ Carried forward 55,446,716 15 6