20 MAY
THE NEW ZEALAND GAZETTE
829

ACCOUNT

| YEAR ENDED 31 MARCH 1965 | PAYMENTS | YEAR ENDED 31 MARCH 1966 |
| :--- | :--- | :--- | :--- |
| £ | | £ | £ |
| 66,602,190 | Securities converted .. .. .. .. .. .. | 58,037,077 | |
| | | | |
| Cr. 3,730 | Charges and expenses of converting securities .. .. .. | 267,284 | |
| | | | 58,304,361 |
| 66,598,460 | | | |
| | | | |
| 44,490,155 | Securities redeemed .. .. .. .. .. .. | .. | 55,381,964 |
| | | | |
| .. | Charges and expenses of issuing securities for purpose of redeeming loans | .. | 398,713 |
| | | | |
| 3,712,599 | Excess of receipts over payments .. .. .. .. | .. | 4,789,006 |
| | | | |
| £114,801,214 | | | £118,874,044 |
| | | | |
| | Balances at end of year— | | |
| 1,120,486 | Cash .. .. .. .. .. .. .. | 2,859,812 | |
| 6,129,869 | Investments .. .. .. .. .. .. | 9,179,549 | |
| | | | 12,039,361 |
| 7,250,355 | | | |
| | | | |
| £7,250,355 | Total .. .. .. .. .. | .. | £12,039,361 |

LOANS ACCOUNT

| £ | | £ | £ |
| | Contributions to Works and Trading Account— | | |
| 15,500,000 | Electric Supply .. .. .. .. .. .. | 21,500,000 | |
| 6,000,000 | Land Settlement .. .. .. .. .. .. | 6,500,000 | |
| 19,000,000 | Public Works .. .. .. .. .. .. | 18,500,000 | |
| 250,000 | State Coal Mines .. .. .. .. .. .. | 300,000 | |
| 5,000,000 | Working Railways .. .. .. .. .. .. | 2,238,347 | |
| | | | 49,038,347 |
| 45,750,000 | | | |
| | | | |
| .. | Acquisition of shares in Air New Zealand Ltd. .. .. .. | .. | 429,665 |
| | | | |
| .. | Advances to New Zealand Steel Ltd. .. .. .. .. | .. | 590,890 |
| | | | |
| 4,250,000 | Advances to Post Office .. .. .. .. .. | .. | 4,600,000 |
| | | | |
| 25,700,000 | Advances to State Advances Corporation .. .. .. | .. | 23,000,000 |
| | | | |
| 872,500 | Advances to Tourist Hotel Corporation .. .. .. | .. | 528,800 |
| | | | |
| 87,500 | Calls on shares in New Zealand Steel Investigating Co. Ltd. .. | .. | 12,500 |
| | | | |
| 4,000 | Encashment of securities in favour of IMF .. .. .. | .. | 2,000 |
| | | | |
| | Loans to local authorities (IBRD Harbour projects)— | | |
| 150,742 | Auckland Harbour Board .. .. .. .. .. | 110,264 | |
| 159,200 | Lyttelton Harbour Board .. .. .. .. .. | 96,228 | |
| 18,618 | Napier Harbour Board .. .. .. .. .. | 10,057 | |
| 25,335 | Timaru Harbour Board .. .. .. .. .. | 80,133 | |
| 209,516 | Whangarei Harbour Board .. .. .. .. .. | 89,257 | |
| | | | 385,939 |
| 563,411 | | | |
| | | | |
| .. | Further subscription to IMF .. .. .. .. .. | 2,877,109 | |
| | | | |
| .. | Further security in favour of IMF .. .. .. .. | 8,630,000 | |
| | | | 11,507,109 |
| | Charges and expenses of raising loans— | | |
| 88,027 | New issues .. .. .. .. .. .. | .. | 1,094,176 |
| | | | |
| 300,435 | Advance subscriptions from previous year allocated .. .. | .. | 984,900 |
| | | | |
| £77,615,873 | | | £92,174,326 |
| | | | |
| 1,958,797 | Excess of payments over receipts .. .. .. .. | .. | 5,080,613 |
| | | | |
| | Balances at end of year— | | |
| 146,561 | Cash .. .. .. .. .. .. .. | 2,438,883 | |
| 20,492,448 | Investments .. .. .. .. .. .. | 13,119,513 | |
| | | | 15,558,396 |
| 20,639,009 | | | |
| | | | |
| £22,597,806 | Total .. .. .. .. .. | .. | £20,639,009 |