New Zealand Gazette – 1948 – No. 9

Page 183

✨ Financial Statements



Feb. 13] THE NEW ZEALAND GAZETTE 183

Nine Months ended 31st December, 1947, compared with the Nine Months ended 31st December, 1946—continued

ACCOUNT

NINE MONTHS ENDED 31st Dec., 1946. Net. EXPENDITURE. NINE MONTHS ENDED 31st Dec., 1947.
£ s. d. £ s. d. £ s. d.
400 0 0 Ordinary stock exchanged for death-duty stock .. .. .. .. ..
283,550 0 0 Death-duty stock exchanged for or replaced by ordinary stock .. .. ..
21,705 0 0 Debentures exchanged for stock .. .. .. .. .. ..
3,510 0 0 Tax-free non-transferable stock exchanged for ordinary stock .. .. .. ..
170,899,115 0 0 New Zealand Loans Amendment Act, 1947—

Section 12 (a)—
Repayment of loans from moneys received under section 11 (a) .. | .. 26,710,266 0 6 |
| .. | Section 12 (b)—

  • Redemption of securities determined by the Public Debt Commission .. | .. 4,384,055 0 0 |
    | 4,365,121 10 9 | Section 12 (c)—
    Redemption of loans in terms of section 58 of the New Zealand Loans Act, 1932 .. .. .. .. .. .. | .. 7,145,421 19 8 |
    | .. | New Zealand Loans Amendment Act, 1947—
    Section 19—
    Redemption of securities determined by the Public Debt Commission .. | .. 11,287,987 16 2 |
    | 2,634,143 3 0 | Balance at end of nine months—
    Cash .. .. .. .. .. .. .. | .. 1,950,178 16 7 |
    | £178,207,544 13 9 | Totals .. .. .. .. .. | .. £51,477,909 12 11 |

  • Previously shown in Public Debt Repayment Account, closed as at 31st March, 1947.

LOANS ACCOUNT

| £ s. d. | National Development Loans Act, 1941—
Transfers to— | £ s. d. £ s. d. |
|--- | --- | ---|
| 2,500,000 0 0 | Electric Supply Account .. .. .. .. .. | 4,000,000 0 0 |
| 1,500,000 0 0 | Land for Settlements Account .. .. .. .. .. | 1,450,000 0 0 |
| 6,400,000 0 0 | Public Works Account .. .. .. .. .. | 7,400,000 0 0 |
| 90,000 0 0 | State Coal-mines Account .. .. .. .. .. | 1,400,000 0 0 |
| 600,000 0 0 | State Forests Account .. .. .. .. .. | 800,000 0 0 |
| 600,000 0 0 | Working Railways Account .. .. .. .. .. | 1,100,000 0 0 |
| 1,000 0 0 | Iron and Steel Industry Account .. .. .. .. .. | 163,200 0 0 |
| 150,000 0 0 | Post Office Account .. .. .. .. .. | .. |
| 11,841,000 0 0 | | 16,313,200 0 0 |
| 3,000 0 0 | Finance Act, 1946, section 3—
Purchase of shares in British Commonwealth Pacific Airlines, Ltd. .. | .. 6,000 0 0 |
| .. | Finance Act (No. 2), 1946, section 3—
Purchase of shares in the British Petroleum Co. of New Zealand, Ltd. .. | .. 127,500 0 0 |
| 30,000 0 0 | Linen Flax Corporation Act, 1945, sections 13 and 14—
Transfer to Linen Flax Corporation .. .. .. | .. .. |
| 250,000 0 0 | New Zealand National Airways Act, 1945, section 25—
Transfer to New Zealand National Airways Corporation .. .. | .. 100,000 0 0 |
| 3,288,825 0 0 | Balance at end of nine months—
Cash .. .. .. .. .. .. .. | .. 4,360,705 0 0 |
| £15,412,825 0 0 | Totals .. .. .. .. .. | .. £20,907,405 0 0 |



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✨ LLM interpretation of page content

💰 National Development Loans Statement (continued from previous page)

💰 Finance & Revenue
National Development, Loans, Stock, Treasury Bill, Financial Transactions