New Zealand Gazette – 1951 – No. 40

Page 707

✨ Financial Statements



MAY 23] THE NEW ZEALAND GAZETTE 707

Year ended 31st MARCH, 1951, compared with the Year ended 31st MARCH, 1950—continued

ACCOUNT

YEAR ENDED 31ST MARCH, 1950. EXPENDITURE. YEAR ENDED 31ST MARCH, 1951.
£ s. d. £ s. d. £ s. d.
New Zealand Loans Amendment Act, 1947—
Section 12 (a)—
4,625,828 0 0 Repayment of loans from moneys received under section 11 (a) .. 15,908,389 0 0
985,000 0 0 Cash instalments received on account 3-per-cent. London loan utilized for issue of stock .. .. .. .. .. .. .. 15,908,389 0 0
5,610,828 0 0
Section 12 (b)—
5,487,064 16 7 Redemption of securities determined by the Public Debt Commission .. .. 1,422,177 15 7
Section 12 (c)—
1,815,909 19 8 Redemption of securities in terms of section 58 of the New Zealand Loans Act, 1932 .. 7,110,934 4 5
.. Costs, charges, and expenses of repaying loans met from moneys received under section 11 (a) .. .. .. .. .. .. .. 674,250 0 0
Balances at end of year—
1,142,713 13 0 Cash .. .. .. .. .. .. .. 2,857,608 6 9
3,000,000 0 0 Investments .. .. .. .. .. .. .. 3,500,000 0 0 6,357,608 6 9
4,142,713 13 0
£57,056,516 9 3 Totals .. .. .. .. .. .. .. £31,473,359 6 9

LOANS ACCOUNT

£ s. d. £ s. d. £ s. d.
National Development Loans Act, 1941—
Transfers to—
6,250,000 0 0 Electric Supply Account .. .. .. .. .. 8,400,000 0 0
3,300,000 0 0 Land Settlement Account .. .. .. .. .. 500,000 0 0
17,791,274 10 4 Public Works Account .. .. .. .. .. 12,500,000 0 0
900,000 0 0 State Coal-mines Account .. .. .. .. .. 560,000 0 0
2,900,000 0 0 Working Railways Account .. .. .. .. .. 3,300,000 0 0
2,500,000 0 0 Post Office Account .. .. .. .. .. 3,450,000 0 0
28,710,000 0 0
33,641,274 10 4
Finance Act, 1946, section 3—
241,935 9 8 Purchase of shares in British Commonwealth Pacific Airlines, Ltd. .. ..
Finance Act (No. 2), 1946, section 3—
191,250 0 0 Purchase of shares in the British Petroleum Company of New Zealand, Ltd. ..
New Zealand National Airways Act, 1945, section 25—
275,000 0 0 Transfer to New Zealand National Airways Corporation .. .. ..
Finance Act (No. 2), 1948, section 3—
50,000 0 0 Purchase of shares in Dominion Salt, Ltd. .. .. .. 50,000 0 0
50,000 0 0
758,185 9 8
Balances at end of year—
.. Cash .. .. .. .. .. .. .. 215,419 0 0
.. Investments .. .. .. .. .. .. .. 5,000,000 0 0 5,215,419 0 0
£34,399,460 0 0 Totals .. .. .. .. .. .. .. £33,975,419 0 0


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✨ LLM interpretation of page content

💰 National Development Financial Statement (continued from previous page)

💰 Finance & Revenue
National Development, Financial Year 1951, Expenditure, Loans, Investments

💰 Loans Account Statement

💰 Finance & Revenue
Loans, Transfers, Investments, Financial Year 1951