New Zealand Gazette – 1934 – No. 41

Page 1671

✨ Financial Abstract



JUNE 1.] THE NEW ZEALAND GAZETTE. 1671

Year ended 31st MARCH, 1934, compared with the Year ended 31st MARCH, 1933—continued.

ACCOUNT—continued.

YEAR ENDED 31ST MARCH, 1933. Net. EXPENDITURE. YEAR ENDED 31ST MARCH, 1934.
£ s. d. Gross. Credits. Net.
22,528,378 14 1 Brought forward .. .. .. .. £ s. d. £ s. d. £ s. d.
.. .. 24,202,026 15 9
24,419,406 0 0 Public Revenues Act, 1926, Section 41,— Treasury Bills redeemed (including redemptions by renewals) .. .. 37,738,968 0 0
477,697 19 7 New Zealand Loans Act, 1932,— 11,180,196 15 0
1,530,000 0 0 Banks Indemnity (Exchange) Act, 1932–33— Treasury Bills redeemed .. .. .. 129,085,817 0 0
.. Treasury Bills renewed at maturity .. .. .. 3,182,200 0 0
2,007,697 19 7 Treasury Bills converted .. .. .. 143,448,213 15 0
Banks Indemnity (Exchange) Act, 1932–33,—
1,910,000 0 0 Payment to the Banks for exchange on London purchased and paid into New Zealand Government Indemnity Exchange Account, London .. .. .. .. 26,684,000 0 0
.. Exchange paid to the Banks on London funds treated as surplus sterling assets. .. .. .. .. 4,477,810 0 0† 31,161,810 0 0
96 11 2 Finance Act, 1929, Section 9,— Assistance towards repair to or the restoration of public works damaged by the West Coast earthquake and the provision of special services necessary as a result of such earthquake .. .. ..
237,486 18 11 Balance at end of Year,— Cash .. .. .. .. .. £ s. d.
36,613 13 0 Imprests outstanding— In the Dominion .. .. .. .. .. 14,740,102 11 5
62,676 7 0 In London .. .. .. .. .. 57,687 6 6
276,387 6 10 Investment Account— Securities held .. .. .. .. .. 65,910 10 9
613,164 5 9‡ .. 1,164,019 14 1 16,027,720 2 9§
£51,478,743 10 7 Totals .. .. .. .. .. .. £252,578,738 13 6

† For balance of exchange, being cost of exchange on London funds earmarked for normal requirements, see page 1667.
‡ Against this, Treasury bills under the Public Revenues Act, 1926, section 41, amounting to £1,585,000 were outstanding. Further Treasury bills amounting to £2,380,337 under the Banks Indemnity (Exchange) Act, 1932–33, were also outstanding, but £1,530,000 was held against these bills in the New Zealand Government Indemnity Exchange Account, London.
§ Against this, Treasury bills under the Public Revenues Act, 1926, section 41, amounting to £3,452,109 are outstanding. Further Treasury bills amounting to £19,404,872 under the Banks Indemnity (Exchange) Act, 1932–33, are also outstanding, but £1,000,000 is held against these bills in the New Zealand Government Indemnity Exchange Account, London.
|| In addition, £1,180,000 was redeemed out of the Public Debt Repayment Account, see page 1697.



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✨ LLM interpretation of page content

💰 Abstract of Revenue and Expenditure for the Public Account (continued from previous page)

💰 Finance & Revenue
Revenue, Expenditure, Public Account, Financial Year 1933-1934