B—l [PT. I]

ADVANCES BY THE RESERVE BANK TO THE GOVERNMENT BY WAY OF OVERDRAFT OUTSTANDING ON 31st MARCH, 1950

TRANSACTIONS IN CONNECTION WITH THE PUBLIC DEBT IN THE YEAR ENDED 31st MARCH, 1950

Details of Above External debt— London— Decreases— Repayments from— £ s. d. New issues in New Zealand .. .. .. .. .. 1,822,579 0 0 Internal debt— Increases— New issues for— £ s. d. National development purposes .. .. .. 34,399,460 0 0 Repayments in London .. .. .. 1,822,579 0 0 Repayments in New Zealand (Net new issues) .. 1,798,116 0 0 38,020,155 0 0 Decreases— Redemptions from Loans Redemption Account .. 7,302,974 16 3 Increase in internal debt .. .. 30,717,180 3 9 Net increase .. .. .. .. .. .. £28,894,601 3 9

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Authority for Advances. Particulars of Advances. Account. Amount. Marketing Amendment Act, 1939, section 5 Advances for the purchase of foodstuffs and other commodities Marketing Account £ s. d. £1,752,838 12 11

— Outstanding 31st March, 1949. Outstanding 31st March, 1950. +Increase. —Decrease. External debt— London Australia Internal debt— Long-term debt Floating debt £ s. d. 106,153,209 12 4 628,226 0 0 479,395,304 16 3 55,000,000 0 0 £ s. d. 104,330,630 12 4 628,226 0 0 495,112,485 0 0 70,000,000 0 0 £ s. d. - 1,822,579 0 0 +15,717,180 3 9 +15,000,000 0 0 641,176,740 8 7* 670,071,341 12 4* +28,894,601 3 9 * Includes debt due to the Imperial Government as shown at end of Debt Table.