Financial Accounts




MAY 31.] THE NEW ZEALAND GAZETTE. 1813

for the Year ended 31st March, 1928, compared with the Year ended 31st March, 1927—continued.

SHARES ACCOUNT.

1926–1927. EXPENDITURE. 1927–1928.
Gross. Gross.
£ s. d. Finance Act, 1926, Section 8 (3),— £ s. d.
212,476 0 6 Transfer to Ordinary Revenue Account of Dividends received in terms of the ..
Bank of New Zealand Act, 1920, Section 13
1,683,593 15 0 Balance at end of Year,— ..
Investment Account—
Securities held .. .. .. .. .. ..
£1,896,069 15 6 Totals .. .. .. .. .. .. ..
  • For explanatory statement see page 1859.

ACCOUNT.

£ s. d. Expenditure under the Land Act, 1924, Section 21,— £ s. d. £ s. d.
847 19 10 Administration Expenses recouped to the Consolidated Fund .. .. 881 7 9
6,344 7 8 Public Revenues Act, 1926, Section 139,— .. 5,632 2 6
Interest recouped to the Consolidated Fund .. .. .. ..
37 6 3 New Zealand Loans Act, 1908, Section 26,— .. 94 19 0
Recoupment of Management Charges of Consolidated Stock .. ..
50,400 0 0 Finance Act, 1926, Section 25,— .. ..
Payment to Ordinary Revenue Account in respect of £50,400 3½ New Zealand
Consolidated Stock, 1940, redeemed and cancelled during the financial year
1925–26, now deemed to be Cheviot Estate Stock .. .. ..
12,878 7 6 Balance at end of Year,— 709 12 6
Cash in the Public Account
159,780 0 0 Investment Account— 190,680 0 0 191,389 12 6*
Securities held .. .. .. .. .. ..
172,658 7 6
£230,288 1 3 Totals .. .. .. .. .. .. .. £197,998 1 9
  • For explanatory statement see page 1859.

NOTE.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924–25.

For the purposes of comparison a summary showing the net expenditure will be found on page 1860.

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💰 Cheviot Estate Financial Statement (continued from previous page)

💰 Finance & Revenue
Cheviot Estate, Shares Account, Finance Act, Bank of New Zealand Act, Investment Account, Public Revenues Act