8.~6,

I N D E X. PAG 10. Advances, State .. .. .. .. .. .. .. , _ x Agriculture .. .. .. .. ~ ~ ~ ti ; x Amusement-tax .. .. .. .. .. v {[\ Assistance to Soldiers .. .. ~ .. .. ~ __ _' xxv j Balances on 31st March,. 1918 :— Consolidated Fund .. .. .. ~ .. .. xxiii Public Works Fund .. .. .. .. . . . . ~ j j , Bank-note Tax . . , . . . . . , . . , _ _ v jjj Beer Duty .. .. .. ~ . . .. ~ v Board of Trade . . . . . . . . , . . , _ _ xv ;j Bonus, War .. .. .. .. .. ~ ~ __ __ xx j v Cinematograph-films, Censorship of .. .... vii Conclusion .. .. .. .. ~ .. . . xxviii Consolidated Fund :— Estimated Expenditure, 1918-19 .. .. .. ..*... xxv Estimated Revenue for 1918- 19 .. . . . . xxv Estimated Surplus, 1918-19 . . . . . . .. .. . . xxv Expenditure for 1917-18 compared with 1916-17 .. |j Result of Year's Operations .. . . .. ~ .. . xxiii Revenue for 1917 18 compared with 1916-47 .. .. j Conversions--Loan.. .. .. .. .. ~ ~ _; jjj (Customs . . . . .. .. .. .. .. ~ _ i _ _ j x Discharged Soldiers Information Department .. x j v Defence Department :-■— Defence .. .. .. .. .. .. .. ~ x [ Munitions and Supplies.. .. .. .. .. ~ x j Samoan Administration.. .. . . .. .. ' xxiii War Expenditure .. . . . . .. .. ~ g _ x j Dominion Laboratory .. .. .. . . . , . _ _ _ _ _ vj j Education Department :- Education .. .. .. .. .. .. vv ; **■'■■•. AVI - School Buildings .. . . .. . . .. , . _ _ _ _ xx jj Special Schools .. .. . . . . . . ~ _ xv ,j Teachers' Superannuation Fund . . .. . . ~ xv -jj Electric (Hydro) Supply .. .. .. . . . , • , . i _ _ _ xx jjj Employment for Returned Soldiers . . .. .. . . .. _ _ _ _ xxv| - Epidemic, Influenza .. .. .. .. ~ .. ~ _ _ xxviii Estimates :— Expenditure, 1918-19 .. .. .. .. .. .. .. xxv Revenue, 1918- I!) .. .. .. .. .. .. '[ xxv Supplementary, 1918-19 .. .. .. ~ ~ _ xxv Surplus, 1918-19 .. .. .. .. .. .. '' [[ xxv Expenditure : — Details for 1917-18 compared with 1916-17 .... y Estimated for 1918-19 .. .. .. .. .. .. xxv War .. . . ... . . ■, , .. .. ~ ~ . xx Financial Assistance to Soldiers .. .. .. Y v, 7 ; * ■ • ■ • • Aα V I. Forests, State . . . . . . . . . . , . . . x Friendly Societies ... .. .. .. .. .. ~ , _ xm Future Obligations.. .. .. .. .. .. ~ __ __ xxiv Future Taxation .. .. .. .. . . .. ~ _ _ xxv Government Steamers . . .. . . .. .. . . , _ xv Harbour-works . . .. . . .. .. .. . . ~ _ _ x | v Hydro-electric Supply .. .. .. .. .. .. ~ _ _ xx j[j Immigration .. ~ .. .. .. ~ ~ ~ _ xv

8.—6

2

PACffl Imperial Government, Purchase of Supplies for .. xix [mports and Exports .. ~ v I ncome-tax Receipts .. .. .. .. .. .. vi [ndustrial Conditions .. .. .. .. .. ~ xiii Industries, Local .. .. .. .. ~ .. .. xxvi Influenza Epidemic .. .. .. .. .. xxviii Insurance of Public Buildings .. .. ~ xv Insurance, State Fire .. .. .. ~ ~ ~ xvi I nvestments :■ — Ordinary Revenue ...... .. xx I n London .. .. xxvii investment in Imperial War Loan .. xxiv Land and Income Tax .... v Land- and Income-tax Reoeipts .. .. .. .. .. .. .. vi Lands : Financial Assistance to Soldier Settlers .. .. xxvii Land for Soldiers . . viii Land Epr Ordinary Settlers .. j x Land Revenue .. .. viii Land for Settlement .. .. ~ .. ix State Forests .... .. .. .. x Swamp-land Reclamation .. .. .. .. .. .. jx Lighthouses .. .. .. .. ~ .. xiv Loans : Compulsory Contributions to War Loans .. ix Conversions .. .. .. .. .. ~ , iii Falling due .. .. .. ~ ~ .. .. ~ ~ iii Free of Income-tax .. xxi Percentage (lost of Raising .. .... ix Public Works, Loan for . . xxii Telegraph Extension, Loan for . . .. . . . . . . xxii Redemptions and Renewals .. iii War Purposes . . . . xxi Local Industries . . . . .. .. xxvi Marine Department : Government Steamers ...... xv Lighthouses .. .. . . . . . . . . .. .. . . xiv Harbour-works .. .. .. , . .. .. ~ .. xiv Mental Hospitals ........ .. vi Mining .. .. .. .. .. .. .. .. .. .. xii Munitions and Supplies ...... .. xi National Provident Fund .. .. .. xiii Ordinary Revenue Reserve Fund ...... xx Peace, Restoration of . . . . . . .. xxv Pensions .. .. .. .. .. .. .. .. .. .. xviii Prisons .. .. .. . . .. .. .. . . .. .. vii Post and Telegraph .. .. .. .. .. .. .. vii Post Office Savings-bank Reserve Fund . . . . xxiv Post-Office Staff .. .. .. .. .. .. .. .. .. xxvii Printing and Stationery Department. , .. .. .. , xvi Proposals for Year, Summary of . . . . xxvii Public Buildings, Insurance of ...... xv Public Health, Department of ...... . . vi Public Service .. .. .. . . .. .. .. .. .. xxiv Public Service Superannuation Fund .. .. xvi Public Trust Office.. .. .. .. .. .. .. xv Public Works Fund ...... iii Public Works, Loan for .. ~ .. . . . . xxii Purchase of Supplies for Imperial Government .. .. xix Redemptions and Renewals ~ ~ .. .. ~ .. ~ iii

8.—6

3

PAOB Registrar-General .. .. .. .. . . . . . . • • • • y ii Relief Funds, War .. .. .. .. .. .. .. • • • ■ xii Repatriation of Soldiers of Expeditionary Force . . .. . . • • xxvl Result of Year's Operations.. .. .. .. .. .. • • ■ ■ xxm Reserve Fund : — Ordinary Revenue .. . . .. .. . . .. • • • ■ xx Post Office Savings-bank . .. .. . . . . . • ■ ■ • • xxiv Restoration of Peace .. .. .. . . .. .. xxv Revenue: — Details for 1917-18 compared with 1916-17 .. .. .. •• •• i Estimated, 1918-19 .. .. .. .. .. .. • • • • xxv Customs—Estimated, 1918-19 .. .. .. .. .. .. ■ • v Land Revenue . . . . . . . . . . . . .. •. • • vl " Samoan Administration .. .. .. .. .. .. • • • • xxm School Buildings .. .. .. .. .. .. .. .. . • xxm Soldiers :— Employment for Returned . . ~ .. . . .. . . • • xxvi Financial Assistance to . . . . .. . . .. • • ■ • xxv ' Information Department .. .. . . .. .. .. • • x iy Land for Discharged . . . . .. . . ■ . . .. . • • ■ vm Pensions .. .. .. .. .. .. .. .. • • x i x Repatriation of . . .. .. .. . . .. .. • • xx^i Stamp Department . . . . .. .. .. .. .. • • vui State Advances Office .. .. .. . . .. .. . • • • x State Fire Insurance .. .. .. .. .. .. .. ■ ■ xvl State Forests .. . . . . . . . . . . . . ■ • • ■ x Superannuation Funds : — Public Service .. . . . . . . .. . . .. • ■ x vi Teachers' .. .. .. .. .. .. .. .. •■ xvi i Supplementary Estimates, Sum available for .. .. .. .. ■ • • • xxv Surplus, 1917-18 .. .. .. .. .. .. .. .. •• » Surplus, 1918-19—Estimated .. .. .. .. .. .. •• xxv Swamp-land Reclamation .. .. . . .. . . . . ■ ■ • • iX Taxation : — Amusement-tax .. . . .. . . .. .. ■ • vln Income-tax .. . . . . . . .. . . . • • ■ ■ • v | Land-tax . . .. .. . . . . . . . . • ■ • • vl Proposals, 1918-19— Summary of .. .. .. •■ ■• •• xxvii Totalizator .. .. .. .. .. .. .. .. •• viii Tourist and Health Resorts . . . . .. .. . . • ■ XIV Trade :— Board of .. . . . . . . .. .. .. . • • • x v» Treasury Staff.. .. . . . . ~. . .. • • • • xxvii Treasury, The .. .. .. .. ~ .. .. .. •• ii' l Unemployment . . . . . . . . .. . . .. xl " War :— Bonus, Payment of War .. .. .. .. • • xx i v Compulsory Contributions to Loans . . Expenditure .. .. . . . . . . .. . • • ■ • • xx Loans free of Income-tax . . . . . . . . • • • ■ xx * Loans raised in the Dominion . . . . . . . . • • xxvu Loan for War Purposes. . . . .. . . .. ■ • xx * Munitions and Supplies.. . . .. .. .. x * Pensions .. .. . . .. .. . • ■ • • ■ • • xvm Relief Funds .. .. .. .. .. .. •• •■ xii Samoan Administration Workers' Dwellings .. .. .. .. .. xl " Year's Operations, Result of .. . . . . .. • • xxm Year's Operations, Summary of .. ~ -. • • ■ xxvll

8.—6

Session TT. 1918. NEW ZEALAND.

FINANCIAL STATEMENT (In Committee of Supply, 26th November, 1918) BY THE RIGHT HONOURABLE SIR JOSEPH WARD, BART., P.C., K.C.M.G., MINISTER OF FINANCE.

Mr. Malcolm, — The honour once again devolves upon me of laying before honourable members and before the people of New Zealand the financial position of the Dominion, and of suggesting to honourable members proposals for meeting the requirements of the Government during the momentous times through which we are passing. It will be within the recollection of honourable members that prior to my departure for England I made a brief statement to the House regarding the finances of the country ; and it has been a matter of great satisfaction to me, on my return to New Zealand, to find that the financial condition still continues to be favourable, although the shortage of shipping and the consequent dislocation of trade conditions caused by the war have had a marked effect upon the revenue. From the subjoined statements of receipts and expenditure it will be seen that the total revenue for the year ending 31st March, 1918, notwithstanding the unavoidable drop in collections through the Customs, showed a net increase of £1,838,674 over the figures for the previous year. The expenditure for the year 1917-18 also showed a considerable increase over the expenditure for the year 1916-17, amounting to £1,061,517. The special items of increased expenditure will be found under the headings of Interest and Sinking Fund Charges, Old-age Pensions, and War Pensions. The increase in interest and sinking-fund charges is, of course, due to the unprecedented raising of loans for war purposes, and the ''increase in war pensions is a natural consequence of the continuance of the war. REVENUE AND EXPENDITURE. The revenue and expenditure for the year 1917 IS as compared with the previous financial year are as follow : —

Revenue for the Year ended 31st March, 1918, compared with the Year ended 31st March, 1917.

i—B. 6.

Year ended Year ended 31st March, 31st March, Increase. Decrease. 1918. 1917. Customs Stamp and death duties Postal and telegraph Land-tax Income-tax Beer duty Railways Registration and other fees Marine Miscellaneous Territorial National-endowment revenue . . Other receipts £ £ £ £ 3,364,308 3,849,675 .. 485.367 1,892,014 1,699,035 192,979 .. ; 1,836,256 1,815,558 20,698 .. I 1,385,708 713,118 672,590 5,619,561 4,262,126 1,357,435 237,075 187,953 49,122 4,668,223 4,836,275 .. 168,052 101,249 j 108,044 .. 6,795 38,053 43,742 .. 5,689 718,437 518,063 200,374 205,643 , 215,787 .. 10,1/14 100,493 85,971 1.4,522 39,201 32,200 7,001 2,514,721 '' 676,047 676,047 I Totals .. 20,206,221 18,367,547 1,838,674

8.-6

Expenditure for the Year ended 31st March, 1918, compared with the Year ended 31st March, 1917.

Surplus. Before ray departure for England I announced that the surplus for the year 1917-18 amounted to £5,085,934, and I now supply the details showing how the surplus is arrived at. 1 may explain that the accumulated surpluses at the 31st March, 1917, amounted to £6,474,854, and consequently, after adding the abovenamed surplus for 1917-18, it will be seen that the total surplus at the 31st March, 1918, amounted to £11,560,788. The surplus for the year 1917-18 is arrived at as follows : — £ Revenue .. .. .. .. .. 20,206,221 Expenditure.. .. .. .. ..15,120,287 -5,085,934 Add surplus at the end of the financial year 1916-17 . . 6,474,854 Total accumulated surplus .. .. .. £11,560,788 PUBLIC WORKS FUND. The following figures will serve to show that, although expenditure upon public works has been very considerably curtailed during the past year, essential services have still been provided for, and a total amount of £1,141,172 has been spent on these services.

II

Yoar ended I Yoar ended 31st March, 31st March, 1918. 1917. Increase. ! Decrease. Permanent Appropriations, — Civil List Interest and Sinking Fund .. Under special Acts. . Subsidies paid to Local Authorities Territorial Revenue Endowments Old-age Pensions Widows' Pensions Military Pensions . . Way Pensions £ £ 27,674 27,473 4,430,779 : 1.014,792 621,258 I 988,301 139,213 130,716 48,831 52,033 164,543 i 165,237 612,464 453,085 57,931 37,918 50,733 45,634 515,384 180,166 £ £ 201 115,987 \ 367,Od3 8,497 3,202 694 159,379 20,013 5,099 335,218 , Annual Appropriations,— Legislative Departments Departments of Finance Post and Telegraph Department Working Railways Department Public Buildings, Domains, and Maintenance of Roads Native Department Justice Department Mines Department Department of Internal Affairs Defence Department Customs, Marine, and Inspection of Machinery Departments Department of Labour Department of Lands and Survey Department of Agriculture, Industries, and Commerce Education Department Services not provided for 6,668,810 6,095,355 914,394 370,939 lane 41,797 34,939 132,896 106,722 1,487,145 1,368,490 3,067,658 2,871,977 3e 99,393 94,939 6,858 26,174 118,655 195,681 4,454 iner i 24,242 24,19] 485,428 459,914 26,613 28,278 529,668 474,965 428,112 -'138,656 •y 163,394 j 169,865 51 25,514 1,665 54,703 i 10,544 6,471 am 30,746 32,725 192,769 192,992 id 224,565 216.897 1,979 223 7,668 1,511,256 1,406,264 5,795 i 41,601 ' ' i ' 104,992 35,806 <■* ! 8,451,477 ! 7,963,415 544,750 ! 56,688 1,489,144 ' 427,627 427,627 | Totals .. 15,120,287 14,058,770 1,061,517

B. -6

III

Statement showing the Position of the Public Works Fund as at 31st March, 1918. Balance brought forward on Ist April, 1917 .... .... .... 021,525 Eeceipts,— Loan-money— Aid to Public Works and Land Settlement Act, £ 1914 .... .... .... .... 45,100 Finance Act, 1916, section 49 .... .... 700,000 Finance Act, 1917, section 77 .... .... 125,000 Other receipts .... .... .... .... 45,08(5 915,18(5 1,436,711 Expenditure,— Under appropriation.... ... .... .... 1,140,782 Other expenditure .... .... .... .... 440 1,141,172 Balance at 31st March, 1918 .... .... .... .£295,539* * Note.—The balance on 31st March, 1918, is made up as follows : — £ Cash in Public Account ... ... ... ... ... 181,372 Imprests in the hands of officers of the Government ... ... 114,167 £295,539 REDEMPTIONS AND RENEWALS. Excluding our liability to the Imperial Government for war expenditure, with which I have dealt elsewhere, the total debt falling due during the year amounted to £3,363,356, and of this amount £3,212,031 was renewed, £71,825 was redeemed with funds borrowed from the Post Office, £2,900 was provided by departmental funds, and £75,000 was paid off by the State Advances Office, leaving a balance of £1,600 representing unpresented debentures. CONVERSIONS. During the year 292 investors took advantage of the conversion scheme authorized by the New Zealand Inscribed Act, 1917. The total sum of £1,930,950 was converted into inscribed stock with twenty years' currency and bearing interest at 4| per cent, free of income-tax. LOANS PALLING DDE. The loans falling due during the seven years ending with the year 1925 are as follow:—

TREASURY. The number of payment vouchers which, passed through the Treasury during the year 1917-18 was 272,189, and during the year 1913-14 (the year before the war) the number was 196,455. The total lodgments to the Public Account were £66,800,000 and £17,000,000, and the total payments £65,000,000 and £17,100,000, for the above two years respectively.

.919 .920 .921 .922 .923 924 .925 Year ending 31st Maroh i London. £ 147,250 42,800 3,000 ... I 10,000 30,300 1,708,200 77,000 Australia. Now Zealand. Total. £ 51,000 29,400 537,900 914,100 666,050 29,300 £ 1,507,615 3,695,745 9,564,557 5,437,790 7,526,606 522,800 475,992 £ 1,705,865 3,767,945 10,105,457 6,361,890 8,222,956 2,260,300 552,992

8.—6

IV

The percental cost of raising the respective loans issued in New Zealand is shown in the following table—and it is satisfactory to note that the cost of these loans compares very favourably with the cost of raising loans issued before the war on the London market :—

In addition to the above, the following amounts were raised from the General Post Office for local needs :— i? Public Revenues Amendment Act, 1915 .. .. 2,090,000 Finance Act, 1916 .. .. .. .. 1,137,900 COMPULSORY CONTRIBUTIONS TO WAR LOANS. It will be remembered that legislation was passed to enable the Government to compel persons to subscribe to the warjoans in cases where it was ascertained that they had not voluntarily contributed their fair proportion in common with the rest of the community. A very careful examination of the list of subscribers has been made and compared with the list of taxpayers of the Dominion, and when the next war loan is placed upon the market subscribers will have the satisfaction of knowing that the financial shirker has been required to shoulder his fair proportion of the responsibility of the State. CUSTOMS. The estimated revenue from Customs for the year ended 31st March, 1918, was £2,930,000 ; but more goods came to hand than had been expected, and the amount realized was equal to a good average year's revenue —namely, £3,364,308 — being £434,308 in excess of th,e estimate. The total tonnage received for the year I!) 17 was 1,055,780 tons, value £20,919,265, as against 1,538,755 tons, value £21,856,096, in 19.14, and the amount of duty collected is therefore largely due to the great appreciation in the value of ad valorem goods. It is also due to the increased preferential and other duties imposed since August, 1917, by section 42 of the Finance Act of that year. A summary of these increases from the 2nd August, 1917, to the 31st March, 1918, is as follows :— £ Soft-goods .. .. .. .. ..51,993 Cigars, cigarettes, and snuff .. .. .. 64,377 Tea .. .. .. .. .. .. 68,480 Spirits .. .. .'. .. .. .. 18,170 Wine, sparkling . . . . . . . . . . I . 756 Excise duties — Culinary flavouring-essences and New-Zealand-made cigars . . . . . . . . 571 £205,347 A return recently prepared shows that the proportion of imports from the United Kingdom has decreased from 51-| per cent, of the total in 1914 to 41 per cent, in 1917, and that the figures for the United States for the same years have increased from 11|- per cent, to 21 1 per cent. Owing to the recent prohibition of exports from the United States except under license, it is probable that the imports into New Zealand from that country for 1918-19 will be much reduced. Extensive inquiries have been made from the heads of the principal houses importing soft-goods, boots and shoes, hardware, glass and chinaware, wines and

Authority. Kinance Act, 1915 (Aid to Public Works) Finance Act, 1916 War Purposes Loan Act, 1917 Amounts raised to 30th September, 1918. ! £ 2,005,030 10,434,550 23,170,000 Charges and Expenses. £ 5,030 72,450 100,793 Cost per Cent. of raising Loans. s. d. 5 OJ 13 1018 8J

8.—6

spirits, tobaccos, &c. All the importers state that orders equal to last year's have gone forward to the United Kingdom, America, India, and Japan, but the tesults will depend upon future shipping available. When it is considered that goods can only be obtained from the United Kingdom in a limited quantity under license, and that the United States prohibited the exportation of all articles except under license, it is possible that our imports will fall; but whether this will apply to the articles chiefly depended upon to produce revenue remains to be seen. So long as space is available there is little doubt that drapery and soft-goods, boots and shoes, earthenware, hats and caps, millinery, hardware sundries, spirits, and tobacco will continue to come forward. The revenue for 1918-19 is estimated at £3,500,000. The comparative figures showing the values of imports and exports for the financial years 1915-10, 1916-17, and 1917-18 are as under. It should be carefully borne in mind that the import figures are the invoice value plus 10 per cent., which is the basis of value for ad valorem and primage duty, and that the true landed cost is probably 20 per cent, in advance of the figures shown for imports, owing to the tremendous freights at present ruling. Imports. Exports^ £ £ 1915-16 .. .. .. 22,917,437 33,781,711 1916-17 .. .. .. 26,162,706 30,538,466 1917-18 .. .. .. 20,983,612 31,298,270 Beer Duty. The estimated beer duty for 1917-18 was £225,000, and the amount realized was £237,075, being £12,075 over the estimate. This is due to the fact that the estimate was calculated upon an average rate of sd. the gallon, whereas it was eventually decided to increase the minimum duty on excise beer to sfd. the gallon, and the maximum duty to 6d. the gallon. As a matter of fact, the quantity of beer brewed during 1917-18 was 189,000 gallons less than during 1916-17, the average rate per gallon being 5-878 d. As six-o'clock closing was in force only lor four months of fche financial year, and there has been a falling-off in the amount of beer brewed since December, 1917, the year 1918-19 cannot be expected to realize more than £225,000, and the excise duty is estimated at that amount. * Recapitulation ok Estimated Revenue to be collected by the Customs Department for 1918-19. £ Customs revenue .. .. .. .. :5,r>00,000 Beer duty . . . . . . . . . . 225,000 Bonded-warehouse duty . . . . | Timber-export duty and other receipts . . j £3,732,000 The statistical returns for 1917 show that the value of goods of German origin imported into New Zealand for the year was £2,316 ; and it should be explained that this sum is made up of presents and supplies sent to prisoners of war, of German scientific apparatus for universities which was in stock in the United Kingdom prior to the war and which could not be obtained elsewhere, of dyes (being parts of cargo of interned steamers), and of electric and other machinery from British possessions which were urgently required for the upkeep of established industries and which could not be substituted by British-made machines owing to the difficulties of exportation from the United Kingdom. LAND AND INCOME TAX DEPARTMENT. The net receipts in this Department for the past year amounted to £7,005,269, made up of land-tax £1,385,708, income-tax £5,619,561, and compared with the collection for the previous year snow an increase of £2,030,025.

V

8.—6

Land-tax. The land-tax receipts compared with those of 191(i-17 show an increase of £672,590. The comparison is as follows : — £ Receipts, 1917-18 •• •• •• .. 1,385,708 Receipts, 1916-17 .. .. .. .. 713,118 Increase .. .. .. .. £672,590 It must be remembered, however, that the 1916-17 land-tax had fallen to a sum less by £335,238 than that collected in 1915-16, owing to the alteration in taxation of mortgages. The increase in land-tax for the current year as compared with the year 1915-16 is £337,352, the comparison being, — £ Receipts, 1017-18 .. .. .. ..1,385,708 Receipts, 1915-16 .. .. . . ..1,048,356 Increase .. .. .. .. £337,352 Income-tax. The income-tax receipts compared with those of 1916-17 show an increase of £1,357,435. The comparison is as follows : —■ £ Receipts, 1917-18 .. .. .. .. 5,619,561 Receipts, 1916-17 .. .. .. .. 4,262,126 Increase .. .. .. .. £1,357,435 The increase is due to the increased rates of tax, the altered exemption, and also to the war-tax, which replaced the excess-profits tax and the tax which was imposed under section 5 of the Finance Act, 1916 (in addition to the ordinary income-tax for that year), on all assessable income in excess o! £300, at the rate of 6d. in the pound where the income did not exceed £900 and Is. on all incomes above that amount. MENTAL HOSPITALS. The total expenditure for the year on mental hospitals was £232,223, and the receipts for maintenance, sales of produce, &c, amounted to £67,543, leaving a net expenditure of £164,680, an increase of £20,131 over the previous year. Of this increase the war bonus, which was charged against the vote last year, represents £7,674, and the higher cost of provisions, bedding, clothing, fuel, &c, together with the increase in the number of patients, accounts for the balance. PUBLIC HEALTH. The usual annual increase is anticipated under the Hospital and Charitable Institutions Act, 1909, and Amendment Act. Subsidies payable to Boards last year were £180,555 in regard to maintenance expenditure, and £37,299 in regard to capital expenditure for the current year. Owing to the increased cost of every article on account of the war the subsidy requirements for maintenance expenditure will be no less than £212,000 ; for capital expenditure the subsidy payable will l)c about £10,000. The reason for the estimated decrease in capital expenditure is that Boards have been persuaded, when undertaking any extensive building operations, to spread their expenditure over a number of years by means of loans repayable in annual amounts. In addition to the above, there will be the usual subsidy of 245. to the pound payable on voluntary contributions, the amount of which cannot be exactly estimated, but the total required to be appropriated will be £250,000, as against £237,000 voted and £243,000 spent last year. There will be a slight increase this year on the ordinary departmental vote for administrative purposes, owing to the coming into operation of the Social Hygiene Act, the extension of nursing services in country districts, assistance to

VI

8.-f)

be granted to the Otago Medical School in connection witli bursaries, and provision for the examination free of Public Health, specimens with a view to facilitating the effectual, coping with, epidemics. DOMINION LABORATORY. Tn addition to the usual chemical work for various Government Departments, numerous consignments of scheelite, and several of condensed milk and glycerine, have been analysed for the I mperial Supplies Purchase Board during the year. The quality of foods for military camps and transports has been checked at frequent intervals. The work under the Sale of Food and Drugs Act shows a decided increase. The results of a preliminary investigation of the inflammability of New Zealand coaldusts have been published and circulated by the Mines Department. Owing to the war, more stringent regulations have been adopted for the importation and sale of explosives. The fees received during the year were, — £ For analysis .. .. .. .. .. 23 For licenses under the Explosives Act, and for storage of explosives ~ . . . . . . . . 1,784 CENSORSHIP OK CUsTEMATOGRAPH-FILMS. During the past year 2,825 films, amounting to 5,761,570 ft., have been examined by the Censor, and fees amounting to £.1,958 have been received. REGISTRAR - GENERAL, The revenue of this Department, though steady up to the year 1915-16, shows a decided drop from. £16,865 in that year to £12,450 for the last financial year. This decrease is due entirely to fluctuations in the number of marriages solemnized, which shows a decline of about four thousand for last year compared with the number solemnized in the year 1915. PRISONS DEPARTMENT. During the year ended 31st March last the activities of the Prisons Depart«y» merit have grown considerably. Buildings have been erected, several miles of road constructed, afforestation pixshed on, reclamation - works proceeded with, farming - lands developed, dairying engaged in, and manufactures carried on. Every class of work- has been carried out by prison labour under the supervision and direction of prison officers. So far as the revenue of the Department is concerned, the year was a record one. The cash credits received from other Departments and from outside sources for stock, wool, farm-products, &c, amounted to £15,083. The estimated value of prison labour employed, on various works over and above the cash returns was £18,239, and the value of the labour employed in carrying on prison industries, farming, &c, amounted to a further £9,939. The actual value to the State of prison labour in 1917-18 was therefore £43,261, a very fair percentage of the total expenditure (£81,362) on prisons and prisoners during the period covered by the Budget. POST ANT) TELEGRAPH DEPARTMENT The amount of revenue collected by the Department during the year was £1,836,256. This includes the war-tax on postal matter and telegrams. The Post Office Savings-bank business has easily exceeded the record for any previous year. The total deposits amounted to £17,106,529, and the withdrawals to £14,461,169. The excess of deposits was thus £2,645,360, a result which unquestionably shows the confidence of the public in the institution. This satisfactory result lias been achieved notwithstanding the fact that an amount approximating £2,000,000 was withdrawn for investment in the war loan issued in 1917. The balance remaining at credit of depositors at the close of 1917 was £29,196,390.

VII

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VIII

Tlie money-order and postal-note business shows a slight decrease, the total issues for the year amounting to £4,120,626, and the amount paid out to £3,762,677. Postages still form more than half of the total revenue of the Department, the other principal items being telegrams and telephone-exchange receipts. The sales of war-loan certificates by the Post Office have now reached the large sum of £3,922,219, and in addition to this a considerable proportion of the money subscribed by the general public to the war loans has come in through the agency of this Department. Full details of the Department's finances and particulars of its many other activities outside the scope of this Budget will be found in the annual report. STAMP DEPARTMENT. The revenue for the year shows the substantial increase over that of 1916-17 of £192,979, the gross revenue received nearly reaching two millions £1,902,577. Death duties have again shown a large increase as against the previous year, the revenue from this source being £800,000. I expect that the current year's revenue from death duties will reach approximately £1,000,000. Totalizator. There is a small falliug-off in this item, caused, no doubt, by the reduction of the days of racing by something like one-third. Nevertheless, the amount put through the machine has, in proportion, more than held its own with that of former years, taking into account the reduced number of racing-days, the revenue received being £213,932, as against £257,436 for 1916-17. Bank-note Tax. There is again—due principally to war conditions —a large increase of the tax for this year, which amounted to £167,914. The revenue received from this source is £42,000 greater than that received for 1916-17. Amusement-tax. This tax came into operation on the Ist November, 1917, therefore the amount received is only for five months—£l6,273. LAND REVENUE. The gross revenue received from Crown and endowment lands during the year amounted to £1,213,892. The ordinary arrears of rental and other payments at the 31st March, 1918, amounted to £26,842, whilst rental postponements current at that date represented a total of £26,091. LAND FOR SOLDIERS. Satisfactory progress is being made with the settlement of discharged soldiers on the land, and members of the Expeditionary Force are taking advantage of the facilities afforded them for acquiring holdings. Eighteen settlements were purchased from private owners during the year ended 31st March, 1918. Of these, thirteen have been subdivided and opened for selection. Other suitable lands, both Crown and settlement, have also been made available for selection. The total area formally proclaimed under the Discharged Soldiers Settlement Act, 1915, up to the 31st March, 1918, was 394,219 acres. A considerable number of discharged men are availing themselves of the benefits provided by sections 2 and 3 of the Discharged Soldiers Settlement Act, 1917. The licenses over a number of large pastoral runs in the South Island have expired and have not been renewed. These runs are suitable for subdivision, and in order that soldiers now on active service may be afforded an opportunity of securing land the runs have been temporarily let, and it is proposed that they shall be subsequently subdivided and offered for permanent settlement. It is anticipated that the scheme for settling discharged soldiers will be quite successful notwithstanding the fact that great initial difficulties will have to be encountered owing to the prevailing high prices for fencing , and building material.

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At the present time there is no difficulty in meeting the demand by discharged soldiers for land. This, however, is attributed to the fact that many of the men returning to the Dominion arc not physically fit, and cannot therefore undertake laborious farm-work. Owing to the large increase in the number of applications received it is imperative that the amount authorized to be, raised under the provisions of the Discharged Soldiers Settlement Act—namely, £500,000 —be increased to £1,500,000, and legislative provision will be made accordingly. Under the provisions of section. 6 of the Discharged Soldiers Settlement Act, 1915, advances were authorized and made to discnarged-soldier settlers from the inception of the Act to the 31st March, 1918, as follows : — The advances made to 423 soldiers towards the improve- £ ment of their lands, for the erection of buildings, and for the purchase of stock and farming implements amounted to .. .. .. .. 144,274 Repayments on account of principal sums .. .. 9,380 Balance remaining on mortgage in respect of principal at 31st March amounted to .. ■.. ..£134,894 Advances authorized to 668 soldiers amounted to .. £190,911 LAND FOB ORDINARY SETTLERS. In view of the fact that practically every section capable of occupation as a separate holding is being set aside with a view to its allotment to discharged soldiers, only a very restricted area has been made available for ordinary public selection. A considerable area, however, opened in previous years, is still available for application. swamp;- la nd reclamation. The reclamation of swamp lands at Hauraki and Eangitaiki Plains has been prosecuted as steadily as possible, but owing to war conditions it has been impossible to expedite development-work as much as it was hoped. Great improvements have been effected on the unwatered lands, and these are proving a valuable asset to the Dominion. Under the provisions of the Swamp Drainage Act, 1915, reclamation-work is proceeded with on the Kaitaia, Waihi, and Poukawa areas, but this develophas been slow for the reason stated above. It was found impossible to obtain delivery of dredges ordered in England some two years and a half ago, owing to the demands on the contractors by the Imperial Government for war materials. Inquiries in America show that dredging plants are unduly expensive, and no guarantee of delivery can be giver... Several other extensive areas of swamp land have been earmarked for development, but action is necessarily deferred until machinery and labour are available. AGRICULTURE, INDUSTRIES, AND COMMERCE. The outstanding features of the past year's operations were the maintenance, in spite of war difficulties, of a high standard of production, both as regards quantity and quality, combined with a continuation of remunerative prices. Large quantities of exportable produce have accumulated in store owing to insufficient shippingspace, and this necessitates careful consideration, of future arrangements. The number of sheep and lambs slaughtered was less than for the previous year, but this was due to the later season, and the deficiency was made up by the end of June last. With regard, to the present year, the unusually heavy snowstorms experienced during July in the South Island caused considerable mortality amongst sheep, and this coupled with the shipping difficulties may result in a good deal of stock having to be held over till the following season, notwithstanding the increases in refrigerated storage already carried out or in prospect. The arrangements for the purchase of our wool, meat, butter, cheese, and other produce on behall: of the Imperial Government provide, "however, a guarantee that the Dominion may confidently expect a continuance of prosperity throughout the year.

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In view of the necessity for increasing production every effort is being made to organize a system under which advice and information in this direction will be made available for producers. STATE FOEESTB. The Government proposes that the State forests shall henceforth be managed and controlled by a separate Minister, with the special duty of utilizing them for the supply to the Dominion of timber from trees ripe for cutting, coupled with careful protection from destruction of all growing trees. By this means in other countries lands have been continuously preserved under forest, and are annually yielding revenue from the trees which gradually in each series of years become fit for timber purposes. It will be advisable in certain, areas to establish. State sawmills to give full effect to this policy, notably in the case of the Waipoua State Kauri Forest, and also in areas reserved for railway supplies. The average annual cost of nurseries and plantations on vacant areas for the five years ended 31st March, 1918, has been £28,515 ; or, if the expenditure on indigenous forests be included, the average is £31,927 ; while the revenue from all sources has not exceeded an average of £14,504. The deficiency has been provided ■from loan-moneys and transfers from the Lands and Survey vote. The last loan of £50.000 was raised under the Finance Act of 1916. All loan authorities and grants from the Consolidated Fund for forest purposes are now exhausted, and the Forestry Branch of the Lands Department is not only without funds, but has been compelled, to encroach upon the vote for other lands purposes to prevent the closing-down of the various plantations. I propose that authority be granted, this session for a new loan of £200,000 to provide funds for forestry and afforestation purposes for a considerable period. Revenue can only be derived from milling licenses and sales of timber, and it is obviously* undesirable at present to seek increased revenue from those sources. The grant proposed from the Consolidated Fund for this year will be the same as voted in the year 1917-18— viz., £5,000. During the five years ended 31st March, 1918. the sum of £24,250 was transferred from the Consolidated Fund (Lands and Survey vote) to supplement State forest funds, and during this year £6,000 has been so transferred owing to the loan authority having become exhausted. STATE ADVANCES OFFICE. There has been no change in the lending operations of this, important Department of the State. A considerable sum of money lias during the year been advanced to local authorities, settlers, and workers. The limit of advances to local authorities has remained unaltered —namely, £5,000 in any year. To settlers for improvements on rural lands the sum. of £1,000 is still being advanced, while for the repayment of mortgages on real estate an amount of £450 is available. Under the Workers Branch the full limit allowed by law, £450, is obtainable when the security is sufficient. The rate of interest payable by borrowers remains the same —namely, 4|- per cent, by local bodies, and 5 per cent, by settlers and workers, reducible to 4-| per cent, for prompt payment. The low rates of interest charged by the State Advances Office, fthe Public Trust, and the Government Life Insurance Department have, during the troublous period of the war, had an invaluable effect in steadying the value of money and in helping to keep money at a low rate throughout the Dominio l -. Statement showing Total Amounts of Advances patd over from: the Commencement of the Scheme to the 31st March, 1918. £ Advances'to settlers .. .. .. .. 17,607,460 Advances to workers .. .. .. .. 3,473,250 Advances to |local'authorities .. .. .. 2,969,290 Total .. .. .. .. £24,050,000

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Statement showing Loans authorized but not paid ovek as at the 31st March, 1918. £ Advances to settlers .. .. .. .. 86,080 Advances to workers .. .. ~ .. 31,405 Advances to local authorities .. .. .. 233,755 Total .. .. . . .. £351,240 The ammal report and balance-sheet of this Department has been duly laid before Parliament, and I need only mention here that the results of the year's operations as disclosed by the balance-sheet are most satisfactory. DEFENCE DEPARTMENT. The war expenditure for the year ended 31st March, 1918, amounted to £18,754,945, including imprest advances outstanding, pay of troops, cost of transports, supplies, equipment, and all maintenance and other charges connected with the war, as well as the administrative expenditure of the National Efficiency Board, Munitions and Supplies Department, Returned Soldiers' Financial Assistance Board, and Discharged Soldiers' Information Bureau. I will explain the future financial requirements of this Department later on when dealing with the raising of war loans in the Dominion. JVIy colleague the Honourable the Minister of Defence will lay details of the expenditure for the past year before the House in due course. MUNITIONS AND SUPPLIES. During the past year this Department has been concerned in activities connected with the purchase of military supplies, the control of coal-distribution, and securing priority permits. For the year 1917-18 Cabinet authorized the expenditure of £1,300,000 for goods required for military purposes. To date, orders for goods to the value of £800,700 have been placed, leaving a balance of £499,300 still to be expended if required. Since the inception of the Department goods exceeding £4,000,000 have been purchased. Speaking generally, conditions now obtaining in New Zealand make it difficult for advantageous purchases to be made under the tenders system. On several occasions no offers have been received in response to invitations to tender. As a result of this the Department has compiled a complete register of suppliers in various lines, and has further adopted more direct '""methods of purchasing, in which operations the Minister lias been assisted by certain able business men who have in a most laudable spirit given their services in an honorary capacity. Extensive contracts for the supply of high-quality uniform clothing, woollen goods, and boots were arranged on a satisfactory basis. During the year: large quantities of foodstuffs have been purchased for the training-camps, and suitable provision has been made to meet future requirements. The value of orders placed in this connection was £243,400. The military authorities in October last decided to undertake the management of the " dry " canteen at Featherston Camp, and the buying operations, covering a considerable variety of lines, have since been conducted by the Department. As regards coal-distribution, the census taken showed a steady depletion of stock's throughout the Dominion. The greatest difficulty was experienced in securing sufficient tonnage to supplement the output from our mines and so meet the requirements of New Zealand coal-consumers. The shortage was most felt in hardcoal supplies, and this was met by encouraging a more extensive use of lignite coals for the less important services. It can be stated with credit to the country that up to date every enterprise concerned has readily lent itself to the directions of the Minister, and this attitude has largely contributed to the fact that no activity has, so far, ceased to operate for lack of coal, although in some instances stocks have been nearly depleted. During the course of the year the United States, Canada, Australia, and India refused to permit exports of various commodities without Government

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sanction. Accordingly the Department has made representations in many directions witli the object of assisting New Zealand importers to secure the execution and shipment of orders placed abroad, tt is satisfactory to state that the representations made have, in all -but exceptional cases, been favourably considered by the authorities to whom they have been addressed. The total number of applications dealt with was 7,500, representing a value of £3,059,700. WAR RELIEF FUNDS. During the past financial year the public has contributed most liberally to the various overseas relief funds, and the Sick and Wounded Soldiers' Funds administered in the Dominion have been maintained at a standard sufficient to meet the everincreasing calls upon them. The amounts contributed through the Government by the people of the Dominion to the various relief funds arc as follow :— For the Year ended For tin: Period since the 31st March, 1918. Outbreak of War. £ £ Belgian Belief Fund .. .. 5,991 311,121 Other Belgian Funds .. .. 3,650 6,436 For other Allies .. .. .. 4,018 22,357 Civil relief in Great Britain .. 4,593 11,786 British lied Cross Fund .. .. 116,668 187,422 British Navy Relief .. .. 5,787 98,238 New Zealand Hospital Ship Fund . . I. i>4 63,747 New Zealand Comforts Fund .. 56,879 128,277 New Zealand War Relief Fund . . 702 15,980 For equipment (aeroplanes, ambulances, &c.) .. .. .. 1,500 9,403 For regimental funds .. .. 2,325 2,730 For local war funds .. .. 76 7,640 For sundry overseas funds . . 990 1,477 Total voluntary subscriptions .. 203,379 8(30,620 (i overnment contribution to Belgian Relief Funds .. .. .. 228,145 Total .. ..£203,379 £1,094,765 The above figures do not represent the total contributions from the Dominion, as the value in cash and goods contributed by private individuals or institutions and forwarded direct is not ascertainable. The total amount raised by patriotic societies in the Dominion since the outbreak of war: to the 31st March, 1918, reached £3,806,221, of which £1,695,766 remained in the hands of societies. This latter sum was invested principally in connection with relief for sick and wounded soldiers and their dependants, the demands on which will increase rapidly with the return of the men now on active service. The estimated value of goods, stock, produce, and comforts shipped overseas by the Internal Affairs Department on behalf of donors to the 31st March, 1918, amounted to £502,181. MINING The value of minerals produced in the Dominion during .1.917 was £2,589,817, and the value of minerals exported during the same period was £2,496,870, these figures being respectively £297,018 and £482,105 less than those of the previous year. Taking into consideration the great disadvantage under which the mining industry has been carried out during 1917, the fourth year of the war, the production of minerals has been well maintained. The decline is chiefly due to the shortage of labour and the cessation of operations at many small gold-mining claims owing to the increased cost of everything employed in the production of gold, while the value of gold has remained stationary.

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The .State collieries produced 265,267 tons of coal, as against 277,845 tons during the previous calendar year ; while the profit on State coal business was £24,466, as against £18,521 for the previous financial year. These results are very satisfactory in view of the low rates at which the coal is supplied to the public. The proportion, of deaths from accidents at coal-mines during 1917 was lower than during any year, with, two exceptions, since coal-mining commenced in the Dominion, the proportion of deaths being 1 per 1,000 persons employed and 1-93 per million tons raised. The total output of coal from the mines of the Dominion for the year 1917 was 2,068,419 tons, a decrease of 188,716 tons as compared with the previous year. UNEMPLOYMENT. It is pleasing to record the fact that there has been very little unemployment during the past year ; on the contrary, in nearly every trade the difficulty has been to obtain sufficient suitable labour. INDUSTRIAL CONDITIONS. There was a total of twenty-seven industrial disputes during the year. Several of these were of a trivial nature, involving the cessation of work: by a number of men for a few hours or minutes, or refusal to work certain overtime. In twelve instances it was found necessary to institute proceedings for breaches of the War Regulations, Industrial Conciliation and Arbitration Act, &c. The principal cases concerned coal-miners, Wellington gasworks employees, Aiickland freezing-chamber hands, and Wellington coastal steamers. In view of the abnormal conditions created by the war, both employers and workers generally may be congratulated upon the manner in which the industries of the Dominion have been so loyally maintained under difficult circumstances. WORKERS' DWELLINGS. Owing to the continued high cost of building, the number of new dwellings provided for workers was not as great as for previous years. There are now 647 workers' dwellings in the Dominion. When better conditions arise vigorous prosecution of this branch will be undertaken. At present the inflated cost of materials makes it almost impossible to build homes except at a cost that would be the means of the workers. NATIONAL PROVIDENT FUND. The membership of the fund at the 31st March last was 12,000, and the accumulated funds amounted to £190,000. During the last financial year maternity claims amounting to £.17,545 were dealt with, of which sum £13,612 was due to friendly societies' members and £3,933 to ordinary contributors. An amount of £4,500 was paid in the past year on account of the halfcontributions concession to contributors on. active service, some 3,000 members having joined the Forces. The maternity-benefit system operating through the friendly societies is working satisfactorily, and the officials of the various societies are co-operating readily with the Department in carrying out the necessary requirements under the Act in order to ensure prompt payment of the benefits to their member's. Steady progress is being made with the enrolment of local-authority employees under the Amendment Act of 1914, and T have no doubt that, as soon as satisfactory means can be adopted to bring clearly before these employees the undoubted benefits of the system, a large proportion of them will, be enrolled in the fund. FRIENDLY SOCIETIES. The Mortality Reinsurance Fund established by the Government in cooperation with the societies for the purpose of protecting the benefit funds of these organizations from abnormal war risks now absorbs the reinsurance business of practically all of the societies in the Dominion.

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On the 31st March last the number of soldier members reinsured in the fund was 8,521, and the total amount of cover for which these members were insured was £856,202. The experience of the fund so far goes to show that the war mortality has not been so high as was anticipated at the outset, and this would appear to confirm the latest experience elsewhere. The total number of men with the colours includes those in reserve, sick, wounded, and so on, and the actual number in the firing-line is therefore smaller in proportion to the total on service than in the early days of the war. The societies are experiencing other financial difficulties, particularly in connection with the contributions of their members who have gone on active service. At the outbreak of war almost all societies decided to maintain the membership of these men, the society undertaking to make good their contributions while absent. In many societies, however, through the unexpected prolongation of the war, this liability has become very heavy. I am now considering a scheme for providing such financial assistance as may be found necessary in connection with the sick and funeral funds in ho far as these funds have been affected by the military services of members. TOURIST AND HEALTH RESORTS. The falling-oil in overseas traffic has naturally affected this Department, but the revenue has been well maintained, being £32,935, or only £202 short of the previous year (£33,137), which was the highest ever recorded. The increase in prices of all commodities has resulted in a rise in the expenditure from £45,782 to £48,732. After the war a large influx of visitors to the Dominion may reasonably be anticipated, and the valuable work of this Department will considerably increase, and the revenue of the office will be added to in proportion. DISCHARGED SOLDIERS' INFORMATION DEPARTMENT. The work of this Department, which was inaugurated by the Government in August, 1915, to assist discharged soldiers to settle down, in the civil life, is steadily increasing, and the register now contains over twenty thousand names. Quite a number of partially disabled soldiers who are unable to resume their old occupations are learning new trades at technical schools and in factories, workshops, &c. These men are receiving financial assistance from the Government over and above their pensions, and the trades in which they are being trained ~ include tailoring, bootmaking, wire-mattress making, watchmaking, electrical engineering, vulcanizing, hairdressing, motor mechanics, &c. A few men arc also being trained in different branches of agriculture on the State farms. LIGHTHOUSES. The erection of a tower for an automatic light on Flat Rock, in the Hauraki Gulf, has been commenced, but owing to exceptionally bad weather the progress has been slow. Soon after the work was started a very heavy sea washed away the concrete and casing which had been put down. The erection of a new tower for Dog Island Lighthouse is now being carried out. This has become necessary owing to the perishing of the mortar in the present stone tower. The new tower is being built in ferro-conerete round the present structure. Three new houses have been erected for the keepers at Puysegur Point to replace the old houses, which had become decayed. New houses are also being built at Tiritiri owing to the present houses becoming uninhabitable. Incandescent lights have been installed at M.okohinou, East Cape, Portland Island, and Moeraki, and new revolving cowls have been put on the towers at the two first-mentioned lighthouses. An Aga acetone-acetylene light has been erected on the beacon at Jackson's Head in place of the Pintsch-gas light formerly there. HARBOUR - WORKS. Owing to the need for economy, very little has been done in the way of work's in the harbours under the control of the Government. A beacon has been obtained for the Brothers Rock, in the Bay of Islands, and it will shortly be erected. A large number of plans of works to be carried out by Harbour Boards have been

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approved. The buoys and beacons in the harbours controlled by the Department have been overhauled, cleaned, and painted, and new moorings have been put down when necessary. Q() V URNJVIENT STEAMERS. The s.s. " Hinemoa " has carried out the work of tendering the various lighthouses and attending to all coastal buoys and beacons belonging to the Department. The s.s. " Tutanekai" has been transferred from the Post and Telegraph Department to the Marine Department, as she is no longer required for cable work. She is at present laid up in Wellington Harbour. It is intended to dispose of both these vessels when opportunity arises and to replace them by larger and more suitable steamers when prices for obtaining such become normal. The training-ship " Amokura " has had a full complement of boys during the year, and, in addition to the work of training them, she has visited the Kermadec and Southern. Islands to search for castaways and to examine the provision-depots on these islands. IMMIGRATION. Owing to the continuance of the war, the increased cost in fares from England to New Zealand, and the difficulty in obtaining passports, the immigration policy has been practically confined to wives and families of members of the Expeditionary Forces. It is intended to continue granting assisted passages to wives of New Zealand soldiers to enable them to proceed to the Dominion, and in order to cover the increased cost of £16 of such passages the Immigration Department is co-operating with the Defence Department, each, paying one-half of the Government contribution. PUBLIC TRUST OFFICE. The balance at credit of the Profit and Loss Account for the year, after meeting all the expenses of working, and making proper allowance for depreciation of buildings and premises, amounts to £68,603. This constitutes a record. Of this sum, £30,000 has been allocated as a bonus to the beneficiaries in estates and. investors in the Common Fund, thereby increasing the amount of interest allowed by one-tenth. The total sum distributed during the past three years as bonus amounts to £82,000. The amount transferred, to the credit of the Assurance and Reserve Fund was £21,363. The credit balance of the Assurance and Reserve Fund now stands "at £240,000, the amount being invested in first-class securities. Investments from the Conimon Fund on the 3.lst March, 1918, amounted to £8,724,052. During the year the position of Public Trustee became vacant. By the passing of the Public Trust Office Amendment Act, 1917, an. important change was made in the consti u'ion of the Department by the appointment of a Public Trust Office Board, and the reconstruction of the Board controlling the investments of the Office. L have every reason to believe that the changes will prove advantageous ■ o the public. The Public Trust Office Investment Board has niet with regularity, and the Office funds have been carefully invested in suitable securities. In this phase of administration an acceleration in. the practice has taken place, promoting satisfaction to borrowers. The business continues to expand at a very rapid rate in every branch, and the officers of the Department, owing to the war pressure, have been subject to great stress to keep pace with it. Important structural alterations have been carried out in the Plead Office building, promoting efficiency and the comfort and convenience of the staff. New premises are urgently reqiiired at Christchurch, l.nvercargill, Hamilton, Masterton, and Palmerston North to meet the growing demands of the Office, and provision for the same will be duly considered when conditions are favourable. INSURANCE OH 1 PUBLIC BUILDINGS. Claims against the special sinking fund established to meet losses on public buildings destroyed by fire amounted during the year to £8,080. The annual Government contribution of £10,000 was paid over to the Public Trustee, who now holds a credit balance of £53,329.

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STATE FIRE INSURANCE. The results of the past year's operations of this Office are very satisfactory. The increase of business is the greatest attained in any year since the establishment of the Office, and the underwriting surplus the largest yet recorded. The increase in the sum underwritten, amounted, to £2,700,000, bringing the total for the year of renewals and new business to nearly £22,000,000. The gross surplus for the year 1917 amounts to £40,610, which has been allocated as follows : Unearned premium, reserve, £3,085 ; investment fluctuation reserve, £1,000 ; leaving a surplus of £36,525. The income-tax, however, which for the first time has been applied to this Office, amounted to £13,924, and this amount has to Ik; deducted from the above-mentioned surplus, leaving a net balance on the year's operations of £22,601. The total income for 1917 amounted to £91,381, as against £82,695 for 1919. The total accumulated funds of the Office at the close of the year 1917 amounted to £182,645, as against £.155,959 for the previous year. The total assets of the Office rose from £166,880 in 1916 to £208,220 in 1917. GOVERNMENT PRINTING AND STATIONERY DEPARTMENT. Prices of paper, stationery, and materials used in connection with the printing trade still continue to advance, and in some cases the advance is from 300 to 400 per cent, over pre-war prices. This will necessitate a considerable increase in the vote for this Department, as paper and stores must be obtained, and the tendency is for the prices to rise even higher than they are to-day. The matter is still further complicated by the difficulty in obtaining deliveries by reason of the shipping shortage. The total value of the printing-work for the year was £127,196, and the value of the stationery supplied to Departments was £27,767. PUBLIC SERVICE SUPERANNUATION FUND. During the year ended 31st December, 1917, retiring-allowances aggregating £14,371 per annum were granted to eighty-one contributors retired by reason of age or length of service ; seventeen contributors who retired as medically unfit were granted allowances amounting to £1,252 per annum ; fifty-two widows and sixty-three children were granted the statutory allowances, totalling £1,755 per annum ; seventy-three allowance's, amounting to £5,380, were discontinued. The total number of existing allowances at the end of the year was 1,373, representing an aggregate annual payment of £100,389. The total amount invested to the ,j* 31st December, 1917, was £976,405, yielding interest at an average of 5j per cent. The total number of contributors to the fund on date was 13,784. EDUCATION. The Education estimates for the current financial year show a considerable increase over the amount expended during the previous year. This is due primarily to statutory provisions resulting from the steadily increasing school population of the Dominion, which necessitates greater expenditure year by year in teachers' salaries, the maintenance of buildings and other services, more particularly in connection with our elementary schools. During the year, in anticipation of parliamentary sanction, small additions were made to the emoluments of pupilteachers, probationers, and teachers in training. In the case of these young people the position demanded prompt action, as the attractions of other occupations were cutting off the supply of applicants. The most pressing education need at the present time is an adequate supply of properly trained teachers, and no important step in educational progress can be made until a large increase in the number of efficient teachers has been secured. It is impossible to bring about the important reform of reducing the size of the large classes in our "city schools because of the acute shortage of teachers and the difficulty of securing the proper type of young people for the teaching profession. Again, if we are to attain a higher standard of individual and national efficiency, the scope of compulsory education must be extended so as to include young people up to the age of ..sixteen or seventeen, who, during the most formative years of their lives, should be required to continue their education in order to become better fitted as

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citizens, workers, and parents. This reform also is difficult to bring into operation until an increased supply of trained teachers is available; but upon the return our troops this should to some extent be mitigated. The services for promoting the health and the physical development of the pupils of primary schools are being gradually extended as opportunity permits. By reason of conditions developing, the question of further steps being taken to promote child-welfare is receiving earnest consideration. Special Schools. During the year reforms have been made in the system relating to destitute, delinquent, and uncontrollable children and juvenile offenders, and, apart from the improvements effected in the methods of dealing with these children, substantial savings have been made not only in regard to current maintenance, but also in capital expenditure. By the extension of the probation system ,to the four centres of population, and by extending the boarding-out system and the system of placing children in situations, it has been possible to close two institutions and to reduce considerably the numbers maintained at five others, with an increase rather than a decrease in the educational benefits. The closing of a third institution, one of those last mentioned, is now under consideration. In spite of the facts that the cost of living has gone up and that allowances for boarding oixt children have had to be increased, also that buildings have had to be improved at a time when the expense has been high, the saving effected under the new conditions for the year ending the 31st March last amounted to several thousands of pounds. There are indications that, owing to various causes and conditions that are developing, this branch of the Department will have to asstime increasing obligations in the near future. Teachers' Superannuation Fund. The fund amounted on the 31st December, 1917, to £420,225, as compared with £381,158 on the 31st December, 1916. During the year 1917 allowances totalling £5,049 per annum were granted, the total annual rate at the end of the year being £47,479. The number of contrikmtors on the same date waa 4,792. Hitherto the moneys of the fund have been invested in the Common Fund of the Public Trust Office, the rate of interest received, including the annual bonus granted by that Office, averaging about 4-63 per cent. In view of the higher rates of interest now current it was considered that a better return could be obtained by providing for separate control of the investments. Arrangements to this effect, >v »which were approved by Government, were made by the Teachers' Superannuation Board and the Public Trustee, and have been in operation since the Ist July last. On that date the fund amounted to £444,237, and of that sum £319,765 is invested in securities returning interest at 5j per cent. Of the balance, £59,824 is invested at 4| per cent., £26,161 at 5 per cent., and £38,460 at 5| per cent. BOARD OF TRADE. The Board of Trade, constituted under the Cost of Living Act, 1915, has continued to do important work throughout the year. The Board has brought into operation a scheme of Government control over the 1917-18 wheat crop : a maximum price was fixed, and its sale, distribution, and purchase governed. The scheme entirely eliminated speculation in our main cereal-food supply, and ensured an equitable distribution of wheat to millers. As a necessary corollary to this control, maximum prices were fixed for flour, bread, bran, and pollard. The scheme has worked satisfactorily. The excellent arrangement made with the Sugar Company has been continued for another year with an increase of 10b. per ton, the company undertaking to supply New Zealand's needs. At the price arranged, retailers are enabled to supply New Zealand consumers with sugar at a very low price in comparison to the price obtained in other countries. Following the legislation, which was passed last Tsession with a view to preventing any increase in the price of commodities except with the consent of the Board of Trade, an arrangement was entered into between the Board and the wholesale grocery merchants by"which fifty-seven commodities in general household use are controlled. To avoid the necessity of constantly gazetting maximum prices (which were subject to frequent and rapid changes) the merchants concerned agreed that, before advances in prices were made, full justification for

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the increases must be submitted to the Board for approval. The range of commodities dealt with is being added to as necessity arises. Prices for meat have been steadied throughout New Zealand by an arrangement entered into with the freezing companies to supply the local trade, where necessary, from the Imperial store. The wholesale price of such meat for local consumption has been fixed on a parity with the Imperial purchase price. When this scheme came into operation there was no necessity to continue the State meat-shops at Auckland, and the Government's connection with the two meat-depots was terminated. Owing to alleged shortage of supplies of petrol, and constant increases in price of this necessary commodity, the Board is endeavouring to encourage its importation, and to control its sale and distribution. Continued complaints as to high prices and short supplies of timber, especially white-pine, have led to the necessity for control of this important industry. The Board has in hand important proposals for the standardization of footwear and woollen goods. It is hoped to give consumers good serviceable boots (quality guaranteed) at reasonable prices. Similarly, certain classes of woollen goods will be standardized as to quality and price. PENSIONS. The gross payments under this head passed through the accounts during the year were — Statutory Allowance under Total Pensions. Finance Act, 1917. £ £ £ Old-age pensions .. 502,085 141,092 643,177 Widows'pensions .. 41,986 15,966 57,952 Military pensions .. 44,840 5,894 50,734 Miners'pensions .. 11,968 1,307 13,275 Totals .. .. £600,879 £164,259* £765,138 * For six months and a half only. The total credits, including £30,147 from national endowments on account of old-age pensions, and £4,703 from gold duty on account of miners' pensions, amounted to £35,438, leaving a net charge against the Consolidated Fund of £729,700. These figures, apart from the increase due to the provision of a war bonus of ss. a week, represent variations from the figures of the previous year as under :— Increase. Decrease. £ £ Old-age pensions . . .. . . . . 21,957 Widows'pensions.. .. .. .. 3,973 Miners'pensions .. .. .. .. 3,928 Military pensions .. .. .. .. 798 The new pensions granted, and the deaths and cancellations recorded during the year, together with the pensions in force at the close of the year, were as stated hereunder:— N » G »* cwSri — *«— 3 ;, n t r M°s. Old-age pensions .. .. 2,146 1,883 263 .. 19,960 Widows'pensions.. .. 509 341 168 2,192 Miners'pensions .. .. 91 59 32 '270 Military pensions .. .. 24 103 .. 79 1 153 The annual values of the pensions in force at the close of the year were Statutory Allowance under Average Pensions. Finance Act, 1917. J-otal. Pension. Old-age pensions .. .. 481,369 259,480 740,849 37 Widows'pensions.. .. 43,872 30,000 73,872 33 Military pensions .. .. 41,508 11,700 53,208 46 Miners'pensions .. .. 10,972 2,600 13,572 50 Totals •• -■ £577,721 £303,780 £881,501 £37

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I estimate that the sum of £927,000 will be required during the current year to meet the cost of the above pensions. War Pensions. The gross payments passed through the accounts during the year amounted to £515,447, made up as under : — £ Payments made in New Zealand .. . . . . 495,060 Payments made in London . . . . . . 12,567 Payments made in Australia .. .. 2,925 Other foreign payments . . .. .. . . 294 Allotments paid after casualty . . .. 4,494 Lump sums . . . . . . . . . . 105 Sundry . . .. .. .. .. 2 Total .. .. .. .. £515,447 These amounts represent an increase on the figures of the previous year of £335,188. The total claims lodged to the close of the year numbered 12,904 from soldiers, and 6,452 from dependants of deceased and disabled soldiers. The total new pensions granted during the year numbered 10,587, and the value was £709,857. These added to the totals of the pensions granted in previous years —namely, 6,530, valued at £342,195 —and the increases arising out of the Amendment Act, 1917 —namely, £70,000—make a grand total of all pensions granted since the inception of the Act of 17,117 ; value, £1,122,052. The annual values of the pensions in force at the close of the year were as follow :— XT i Annual Average Number. Ar , i> ■ Value. Pension. £ £ Permanent pensions to soldiers .. .. 900 43,703 48 Temporary pensions to soldiers .. .. 8,405 572,023 68 Temporary pensions to dependants (including 988 children) .. .. .. .. 828 45,491 54 Pensions to widows (including 1,386 children) .. 1,099 133,547 121 Pensions to other dependants .. .. 3,265 109,619 33 Totals .. .. .. 14,497 £904,383 £62 I estimate that the sum of £1,500,000 will be required during the current year to meet the payments under this head. DEPARTMENT OF IMPERIAL GOVERNMENT SUPPLIES. The requisition of the principal primary products of the Dominion by the Imperial Government has been continued during the past year, and the output of butter has been included in the purchases made on behalf of the Imperial authorities. The purchase of frozen meat commenced on the 3rd March, 1915, and from that date to the 31st March, 1918, the following shipments were made — 1,900,267 quarters beef, 7,294,204 carcases mutton, 8,970,976 carcases lamb —the total f.o.b. value of which amounted to £22,851,823. The prices paid for these shipments have been on the same basis as for the previous year, and the present contract for the purchase of meat continues until the expiration of three months after the war. Amended arrangements have been completed in connection with the payment for storage, and the Imperial Government now accepts full liability for such charges from one month after the date the meat has been placed in freezing-chambers until shipment has been completed, in addition, the Imperial Government has accepted the liability for insurances after the meat has remained in store for a period of four months. The purchase of sheep-skins commenced on the Ist February, 1917, and since that date 2,014,548 skins have been purchased and sent to fellmongers for treatment, valued at £757,323. 324,314 hides were purchased, valued at £596,762. The requisition of hides ceased on the 28th March, 1918. The 1917-18 clip of wool was purchased by the Imperial authorities on the same conditions as for the previous year, and since the commencement of opera-

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tions in December, 1916, the* total quantity of wool paid for amounted to 981,57iJ bales, valued at £23,360,888. In addition, 62,981 bales of freezing companies' slipe wool were inchided in the requisition, and advances totalling £1,594,895 were made against such wool. The previously existing arrangements providing for final valuation of freezing companies' wool in London have since been altered, and, commencing on the Ist April, 1918, all freezing companies' wool is purchased outright in the Dominion. The 1917-18 output of cheese was purchased by the Imperial authorities, the price being fixed at 10d. per pound f.o.b. for first-grade cheese and 9fd. per pound f.o.b. for second-grade cheese, storage being borne by the Imperial Government after the cheese has remained in store for an average period of three months. The following statement shows the total shipments and payments made by the Imperial Government in respect of cheese purchased since the first requisition : — Number of Value. 1915-16 season (one-third of output Unites. £ only) .. .. .. .. 189,502 917,748 1916-17 season .. .. .. 518,326 3,295,557 1917-18 season (to 31st March, 1918) 201,783 3,107,274 909,591 £7,320,579 The arrangements for purchase provide for the'payment of an advance of 90 per cent, after the cheese has remained in. store for a period of twenty-eight days. For the butter-output requisitioned by the Imperial Government the price was fixed at 1575. per hundredweight, with the addition of 50 per cent, of any profits resulting from sale in the United Kingdom. To the 31st March, 1918, 362,363 boxea were shipped, and payments made totalling £2,240,622. The arrangements for purchase provide for the payment of an advance of 90 per cent, after the butter has remained in store for a period of twenty-eight days. The purchase of scheelite commenced on the 20th September, 1915, and 505 tons were shipped, and the payments made totalled £97,611. The total of all payments made to producers on behalf of the Imperial Government from the 3rd March, 1915, to the 31st March, 1918, amount to £59,211,190, while, in addition, payments totalling £670,254 were made in connection with services rendered on behalf of the Dominion Government, the total payments made by the New Zealand Government being £59,881,444. ORDINARY REVENUE RESERVE. I announced in last year's Budget that the special reserve established in London from surplus revenue for the purpose of meeting possible demands arising out of the war had, in addition to the Reserve Fund of £800,000, been increased by £3,917,731. The question of the disposal of this reserve will be dealt with after the conclusion of peace, but I must remind honourable members that it is probable that when business again returns to its normal condition there will in the natural course of events be considerable withdrawals from the Post Office Savings-bank, and it is advisable that the Treasury should be in a position to meet the requirements of the Post Office should it be necessary. I am pleased to be able to inform the House that during the financial year 1917-18 additional sums were invested, making a total at the 31st March, 1918, of £9,570,380, inclusive of the £800,000 above referred to. WAR EXPENDITURE. The war expenditure of the Dominion had, up to the 30th September last, reached the sum of £51,400,000, including imprest advances outstanding, and honourable members will fully realize the heavy responsibility which is thrown upon the country in connection with making provision from the consolidated revenues of the Dominion for meeting the interest and sinking-fund charges on so large an amount. The bulk of the money required has been raised in New Zealand, principally through the Treasury. The Post Office Department has also materially assisted and has been able to provide the Treasury with sufficient funds for carrying on the ordinary State requirements up to the present time.

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The current expenditure in connection with the war may be now estimated at approximately £.1,800,000 per month, and it is again a matter of congratulation that the country continues to be able to bear the heavy strain placed upon it without difficulty, and that the people of the Dominion have so loyally responded to the demands which have been made upon them from time to time. By arrangement with the Imperial Government, the War Office advances the money for the maintenance of the troops in the field, and subsequently claims the cost from the Dominion Government. Up to the end of September the claims from the Imperial Government under this heading amounted to £12,630,000. It will be remembered that during the short session of Parliament in April the House was asked to grant authority to the Government for raising a further loan of £20,000,000 for war purposes. A considerable proportion of this authorization has been raised, and there is at present an unexhausted authority remaining amounting to approximately £13,000,000. I propose to ask the House this session for further authority to raise £10,000,000 for war purposes. I sincerely hope that it will not >be necessary, in view of the present improved state of affairs in Europe, for the Government to raise fresh loans to the full extent of this amount. Honourable members, however, will recognize that it is necessary for the Government to possess the power of raising these sums should it prove expedient. ISSUE OF WAE LOANS FREE OF INCOME-TAX. As a considerable amount of comment has been offered by the public and in the Press of the Dominion regarding the wisdom of issuing war loans at 4| per cent, free of income-tax, I will explain to the Committee the reasons which actuated the determining of this question. Objection has been raised to the present practice on the ground that persons who now pay the highest rate of income-tax—7s. Gd. in the pound —provide for themselves an investment which produces a rate of interest amounting to 7j per cent, by investing in the war loan. This position, however, applies only to 264 investors, as that is the number of individuals who pay the highest rate of income-tax. A considerable number of these taxpayers are the largest employers of labour. I leave out from these calculations the public companies, as it is impossible to estimate the individual interests of the shareholders. The average rate of income-tax amounts to 3s. Id. in the pound, and, to a person paying the average rate of tax, an investment free of income-tax in a 4|--per-cent. loan would be equivalent to an investment at the rate of £5 7s. per cent, subject to income-tax. There are 35,000 taxpayers who pay the average income-tax or less, not public companies, and there are only 941 persons who pay income-tax in excess of the average, of whom 264 pay the highest rate, as I have said. It will be seen, therefore, that as far as individual taxpayers are concerned there is not a great number who profit to any extent by investing in a loan at 4i per cent, free of income-tax. If we issued a loan at, say, 5|- per cent, subject to income-tax, every person who subscribed, whether liable to income-tax or not, would be entitled to the higher rate. If a person who is subject to income-tax at the average rate of 3s. Id. in the pound were to invest £100 in a war loan at 5j per cent, subject to income-tax, he would pay tax amounting to 17s. in respect of his investment. The Government would, however, pay him 20s. per cent, interest in excess of present rate of 4| per cent. The country would thus lose 3s. per cent., which would mean a total loss of £60,000 annually upon the amount of war loan borrowed in the Dominion up to the present time. This, however, is by no means the full measure of the loss that would result, as many millions of the war loans have been subscribed by persons who are not subject to income-tax at all, and the Treasury would therefore have no means of recovering any portion of the additional 1 per cent, from them. It must also be remembered that the present income-tax rate is a war rate, and may not continue for the lull term of the war loans, and the investment may not prove in future years such a profitable one to the comparatively few persons who pay the highest rate of tax as it appears at the present time. The issue of a loan at a higher rate subject to income-tax would not, therefore, prove an advantage from an economical point of view, but, on the contrary, it would prove a considerable disadvantage. Another argument used against the present practice is that we shall be largely reducing our income-tax revenue for a considerable number of years ahead. This

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argument does not seem to* be sound, because we are at the same time saving interest by issuing the loans at a low rate. There is again a very strong departmental difficulty in regard to the taxation of loan interest in cases where the sxibscribers purchase bearer bonds. Bonds pass on delivery, and it would be impossible for the Treasury or the Commissioner of Taxes to trace them. There would thus be no check on income returns of owners. The conscientious taxpayer would include his interest, and the taxpayer who desired to evade payment could with perfect safety omit the interest on bearer bonds from his income-tax returns. On the other hand, investors in inscribed stock can always be traced, as the transfers of this stock are registered in the Treasury, and the stock does not pass on delivery. The tax could therefore be enforced against holders of inscribed stock, but not against holders of bearer bonds, and the incidence would therefore be inequitable. It cannot be questioned by the veriest novice in finance that if I had authorized loans, even at the rate of 5| per cent., with income-tax the cost of money to all classes of the community requiring to borrow would have gone up considerably, and the annual loss to those using borrowed money, and indirectly to the country, would have been very great. By the course followed the rate of interest for money has been kept down throughout the war period, and money required in New Zealand to-day can be obtained at a much lower rate than is the case in most other countries. There can be no question that the free-of-income-tax condition proved a very great incentive to investors and has greatly contributed to the success of our war loans. I trust, however, that it will not now be necessary to raise very much more war-money in the Dominion. Great Britain, Australia, the United States of America, and Canada have all found it necessary to raise a large portion of their war loans free of income-tax. The last Canadian war loan of £100,000,000 was raised at per cent, interest free of income-tax, it should be recognized there must be some good reason for this. In our own case we required money of an unprecedented amount, and it was necessary to hold out inducements in o*rd.or to obtain such huge sums. Many of those subscribing found it necessary to borrow money themselves at not less than 5|- per cent, interest, and i am of the opinion that the best and safest course has been adopted. It will not, in my opinion, be possible for the public of the Dominion to readily absorb the large amount of war-loan securities issued in New Zealand, and when conditions again return to the normal after the war I anticipate that the Imperial Government will not raise any objection to the quotation of our war securities on '■"" the London Stock Exchange. lam of opinion that all of our war securities should bear the same rate, and be issued under the same conditions as regards freedom from New Zealand income-tax, and I do not therefore propose to alter the conditions when the next loan is offered. LOAN FOR PUBLIC WORKS. Under the administration of the Public Works Department the expenditure on public works has, owing to the war conditions, been confined to pressing requirements only, and the Treasury has been able to supply the necessary funds from local sources to meet this expenditure. During the financial year 1917—18 £870,100 was borrowed, mainly from the Post Office, and at the 31st March last the unexhausted authority for borrowing stood at £725,000. In order that the expenditure on necessary works may be continued it will be necessary to ask the House for additional authority for £2,500,000. Of this amount £280,000 will be required for telegraph extension, £300,000 for school buildings, and £150,000 for hydro-electric schemes. SCHOOL BUILDINGS. The greatly increased cost of constructing new buildings and of maintaining and improving existing buildings, referred to last year, has been accentuated, and the policy of confining the expenditure to works that are essential to meet pressing requirements has as a matter of necessity been continued. In this connection it should be mentioned that the postponement of a number of applications for building grants will necessitate provision being made for larger expenditure in the future.

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The question of overcrowding in our large schools is a matter for serious consideration, and an endeavour has been made, so far as funds allow, to alleviate the worst cases. Further, many of our older school buildings require remodelling, but there are difficulties in the way of effecting reforms. The provision of suitable sites in populous areas is another problem involving not only heavy expenditure, but also the question of locating schools to suit future requirements. Numerous applications are also being made for large sums of money for new technical buildings to meet the need for increased accommodation in a number of centres, and also for the provision of hostels or boardinghouses for the benefit of country children attending many of our high schools. During the year the funds held by Education Boards for building purposes have been put on an improved basis, and a clear distinction has been made between funds available for maintenance and those required to be reserved for rebuilding worn-out schools. In view of the pressing necessity for new school buildings, additions to school buildings, &c, an increase of the Public Works vote by £300,000 will be provided. This amount will, J hope, be sufficient for the purpose indicated, and, at all events, it will not be necessary to spend the whole of that sum during this financial year. HYDRO-ELECTRIC SUPPLY. The success of the Lake Coleridge hydro-electric scheme has been sufficiently demonstrated to enable the country to recognize that we are justified in utilizing to the fullest possible extent the enormous forces that our water-powers possess, and which are at present running to waste. It is therefore proposed that without any avoidable delay this great power should be made available in various parts of the Dominion. £150,000 will be provided this year to enable a start to be made in the Wellington and Auckland Provinces, and in addition to this the I louse will be asked to put on the statute-book legislation to give local bodies throughout the Dominion the necessary power to establish hydro-electric schemes in their several districts. The Bill to be submitted to honourable members will contain full powers for resumption by the State, and, in addition to providing for the two water-power schemes in the North Island, it will enable those districts that possess the necessary water forces to have them harnessed up for the use of the people. 1 cannot too strongly urge the importance of putting this scheme into operation afc the earliest possible date. On a commercial basis it will be a profitable undertaking, and will create many advantages, upon which I need not now dwell in detail. RESULT OP THE YEAR'S OPERATIONS. Consolidated Fund (Ordinary Revenue Account) — £ Balance brought forward on Ist April, 1917 .. . . 6,474,854 Receipts during year — £ £ Revenue .. .. .. 20,167,020 Other receipts— Recoveries on account of previous years .. .. .. 39,201 — 20,206,221 Expenditure during year — Appropriations .. .. .. .. 15,120,287 5,085,934 Balance on 31st March, 1918 .. .. £11,560,788 SAMOAN ADMINISTRATION. The estimates for the current year, as submitted again, show an excess of revenue over expenditure, while it is also reported that until the recent outbreak of influenza the general health of the staff and small garrison was satisfactory. The future control of Samoa will not be determined until the Peace Conference has dealt with the question of the disposal of the German colonies, and, consequently, it will be necessary to continue the present system until a final decision is arrived at.

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INVESTMENT TN IMPERIAL WAR LOAN. Before leaving London I arranged to invest a further sura of £1,500,000 of Dominion funds in the March Imperial war loan. The total amount of Dominion funds invested in London as at 30th September was £17,869,912. This amount is inclusive of the ordinary revenue reserve to which T have already alluded. 1 wish to point out the great financial strength the investment of this large sum gives to the Dominion. There will certainly be great financial readjustments in the near future. I will lay before honourable members, when lamin a position to do so, the course that, in the best interests of the"*country, it is desirable to adopt. POST OFFICE SAVINGS-BANK RESERVE FUND. The Post Office Savings-bank has grown to be a great financial institution, and is greatly valued by a large section of the community. It is a Department that helps to inculcate the great lesson of thrift, and the support of the Government of the country provides the necessary stability to its finances which is essential for its successful operations. I think, however, that the time has arrived when, as is the case with other large financial institutions, a reserve fund should be created for the Savings-bank. The chief object I have in mind in suggesting this is that in the years to come there may be—though there are no evidences of it at present —a depreciation in some of the stocks in which the Post Office has invested, and a reserve fund could be used for equalization purposes. The sum at present available amounts to £350,000, and this amount I propose to set aside as a reserve for the purposes I have indicated. PUBLIC SERVICE. The different Departments of the Public Service have, in common with other establishments in the Dominion, been necessarily inconvenienced very greatly by the absence of many members of the staffs at the war, and it is a matter for congratulation that, during the trying times of the past four years, the increased work and responsibility due to war conditions have been so ably undertaken and so satisfactorily carried out. Unfortunately, owing to the greatly increased cost of living as a result of the war, the pay of the Civil servant has not been found to be adequate, and when the supplementary estimates are brought down the House will be asked to authorize certain additional payments to the officers of the State so as to relieve them somewhat of the difficulties which they are now experiencing from the cause mentioned. Legislation dealing with the Post and Telegraph Department will also be submitted to Parliament, and the House will be asked to put it on the statute-book. FUTURE OBLIGATIONS. I desire to impress upon honourable members the magnitude of the additional expenditure to which the Treasury would be committed if the pressure that is being brought to bear on the Government from various parts of the Dominion were to be acceded to. The Government is urged to undertake extensive water-power schemes throughout the Dominion at an estimated expenditure of over £6,000,000. A demand for additional education requirements, amounting to £3,000,000 for new buildings, &c, has been made from various quarters. Such amounts are entirely beyond the capacity of the country to provide at present. The interest and sinking-fund charges on war loans amount annually to, say, £3,300,000. Increased pay and war bonus to officers of the Government service, in addition to the ordinary increases due to the classification—say, £1,000,000. Balance of [the[authorization for railway improvement, £2,667,000. The above services alone would represent an additional expenditure of £15,967,000 in round figures, and when we consider that these items are in addition to other heavy burdens which the country is shouldering in connection with the war, and that I have made no mention of the annually recurring expenditure such as for public works, I feel sure that honourable members will fully recognize the difficulties and complexities of future finance if all these services are to be provided for. I feel it my duty to utter an emphatic note of warning that it is imperative that honourable members and the public should exercise a restraining influence until the country knows what its full war responsibilities are, and these can only be

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ascertained after peace lias been, signed, and our citizen soldiers have returned to the Dominion, and demobilization has been fully completed. ESTIMATES OF REVENUE OP 1918-19. I now proceed to give an estimate of revenue for the year 1918-19, under the main heads of each- of the important Departments :— Customs .. .. .. .. .. 3,500,000 Eailways . . 4,725,000 Stamp and death duties .. . . . . 1,837,000 Postal and telegraph .. .. .. .. 1,900,000 Land and income tax . . . . .. . . 6,650,000 Beer duty .. .. .. .. .. 225,000 Registration and other fees .. . . . . 101,000 Amusement-tax . . .. .. . . 35,000 Marine .. .. .. .. 37,800 Miscellaneous .. 900,000 Territorial revenue .. .. .. .. 168,600 Endowment revenue .. .. .. . . 95,800 Other receipts .. .. .. .. 10,000 £20,185,200 The foregoing estimate is £21,021 below the receipts of last year. 1 estimate a surplus for the year 1918-19 of £178,965, made up as follows :— £ £ Estimated revenue, 1918-19 .. .. .. 20,185,200 Estimated expenditure .. ' .. 19,006,235 Estimate for supplementary estimates 1 ,000,000 — 20,006,235 Estimated surplus .. .. £178,965 FUTURE TAXATION. I am pleased to be able to inform the House that there is no necessity this year to increase the burden of taxation for the purpose of meeting the immediate Requirements of the country. The great increase in our national debt, the increased cost of administration in the various services of the Government, the necessity for providing war pensions, &c, will, of course, make it impossible for me at the present time to suggest any reduction in the existing rates of taxation, and it is, moreover, not possible to speak with any certainty as regards the future, as there are many problems which will require attention after the war has finally concluded, and these can only be determined when it is known, how the trade and finance of the Dominion will be influenced by the after-effects of the war. Judging, however, from present indications and from information obtained during my recent visit to England, I do not think 1 can be accused of being unduly optimistic if I say that the prosperity of the country is not likely to be adversely affected after the war, and that in consequence it will be then possible, by a review of our whole financial position, to reduce in some measure the heavy taxation which necessity has forced upon the country, and which has been so cheerfully borne by the taxpayers. The vital importance of reducing taxation and charges in some branches of the public service, where we can legitimately do so, must commend itself to every one, including those in the ranks of the workers as well as those who are employers of labour. All classes of the community are vitally concerned in furthering the advancement of our country after the war troubles have completely ceased, and it is essential to the welfare of the Dominion that agricultural, industrial, commercial, and social life should be promoted and worked under the freest conditions possible. RESTORATION OF PEACE. An armistice having been signed containing conditions that are the percursor of peace terms, it may, I think, be assumed that within the next twelve months we

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shall be able to know what our foil liability for the war expenditure of the country will be. We should within that period also be able to ascertain the full amount that will be required annually for interest and. sinking fund, for pensions, and other payments in connection with the obligations to our citizen soldiers. The current annual expenditure in connection with war and the ordinary expenditure of the country itself arc kept entirely separate, but it will only be possible to make adjustments when the final position is known. LOCAL INDUSTRIES, Honourable members will recognize that in the interests of the country every means should be taken for obtaining information which will assist the Government in framing legislation for the purpose of promoting the local industries of the Dominion. With this object in view it is intended that the Industries and Commerce Committee should hold sittings during the recess in various parts of the country with , the object of making inquiries and taking evidence from persons who are well qualified to express an opinion as to the direction in which legislative action should be taken. The Government by this means hopes to obtain the very best advice possible before bringing in legislation in connection with this very important matter. REPATRIATION OF SOLDIERS OF EXPEDITIONARY FORGE. With the cessation of hostilities it becomes our duty to see that full provision is made for the repatriation of our soldiers and their return to civil life. This important question has eceived a large measure of attention, and a comprehensive repatriation scheme has been devised. The problem presents many difficulties, the principal one being to secure unity of control in view of the number of State Departments which are concerned with, the soldier during his transition to civilian status. The proposals to be submitted will provide for the establishment of a new Department under a Ministerial Board of Control. The new Department, when dealing with the question of providing re-employment, will endeavour to secure for the returned soldier a return to his former position or to one closely allied thereto, and otic of its main objects will be to provide permanent rather than temporary employment. It will also be charged with the duty of providing work for the soldier , as soon .liter his discharge as possible, for the purpose of avoiding the evils of ,ji idleness, and also with the object of increasing the productivity of the country without delay. it will no doubt be found that many soldiers gave up businesses or professions in order to serve, and it will be readily conceded that it is the duty of the State to assist these men to re-establish themselves as quickly as possible. It is proposed to make grants up to £250 for this purpose in approved cases where soldiers have been on active service. £500,000 will be set aside out of War Expenses Account for this purpose. A very important part of the repatriation scheme will be the provision for the educational, curative, and vocational training of soldiers up to and after discharge from the Force. It is anticipated that the discharged soldiers who cannot find employment will include those who honestly desire re-employment, as well as some whose energies have been affected by war experiences. It is not considered that the mere payment of money to a fit man after discharge, and pending his re-employment, is a satisfactory method of meeting the problem, and it is therefore proposed that any financial assistance that may be granted to such a man will be conditional on his regularly attending some school of training, workshop, factory, or farm, &c, until he is replaced in civil employment. Every effort will be made to induce the men to become useful citizens. An opportunity will be afforded them of voluntarily submitting themselves for a carefully selected system of training, preferably in country districts; and, if necessary, power will be taken in difficult cases to submit them for special training until they are able to take their part; as useful citizens in the working-life of the community. The Government feels confident that it can rely on the hearty co-operation of all sections of the community to freely assist the men who have fought so well and successfully to preserve our liberties and possessions. All moneys that may be required for the general purposes of repatriation will be provided.

8.—6

TREASURY AND POST OFFICE STAFFS. I desire to acknowledge the able services rendered by the Treasury stafE. A vast amount of additional work and. responsibility has been thrown upon the Treasury in connection with the raising and the management of the war loans, and the enormously increased volume of revenue and expenditure since the war commenced has also greatly added to the work of the staff. This increased work has been efficiently carried out in the face of great shortage of staff, owing to the war, and at a very small additional cost to the country. The financial operations of this country during the recent critical times through which we have been passing have required very careful handling. It is impossible to exaggerate the importance of the work which attaches to the regulating of the financial obligations of the Dominion, and which has involved not only the making of suitable provision for financing the war, but for financing all other services of the Government as well. I wish also to acknowledge the work and assistance rendered generally by the Postal service at head office and throughout the Dominion. THE YEAR'S OPERATIONS. For the convenience of honourable members i summarize the most important items relating to the financial operations of the Treasury :— War-loan moneys raised in the Dominion, as at 30th September, had reached a, total of approximately £39,250,000 ; approximate cost of raising, one-half of 1 per cent. Investments in London increased to £17,869,912, as at 30th September, 1918. Ordinary revenue reserve increased to £9,570,380, as at 31st March, 1918. Redemptions and renewals effected amounting to £3,361,756. £1,930,950 converted into long-dated securities. Net surplus of year's revenue, £5,085,934. Total accumulated surplus on 31st March, 1918, £11,560,788. Total lodgments to Public Account, year 1917-18, £66,800,000, as compared with £17,000,000 for the year 1913-14. Total disbursements from Public Account, £65,000,000 for 1917-18, as compared with £17,100,000 for the year 1913-14. Customs revenue, £434,308 above estimate. Public-works expenditure reduced to £1,141,172. Income-tax receipts increased by £1,357,435. Land-tax receipts increased by £672,590. Stamp revenue increased by £192,979. tCxeess of Post Office Savings-bank deposits over withdrawals, £2,645,360. Eighteen settlements purchased for discharged soldiers, making a total area of 394,219 acres thrown open and available for settlement. £190,911 authorized for soldier settlers by way of financial assistance. 17,117 war pensions granted to 31st March, 1918, representing an annual value of £1,122,052. Total payments to producers for supplies purchased on behalf of the Imperial Government, £59,211,190. War expenditure to 30th September, 1918, £51,400,000. PROPOSALS. I also place in concise form the new proposals submitted to honourable members :— Establishment of Post Office Savings-batik Reserve Fund. Authority to borrow additional £200,000 for afforestation purposes. £150,000 to, be provided for Government hydro-electric schemes. Local bodies to be empowered to develop water-power. Increased war bonus and payments to Government employees. £300,000 to be provided for school buildings, &c. £1,500,000 for war pensions. Authority to raise additional £10,000,000 for war purposes. Public-works loan, £2,500,000. Loan for soldiers land settlement, £1,000,000. Assistance to soldiers, £500,000. Educational, curative, and vocational training to be provided for. Provision to be made to meet expenditure necessitated by influenza epidemic.

XXVII

B.—B.

XXVIII

INFLUENZA EPIDEMIC. This country, in common with other parts of the world, has recently been visited with an influenza epidemic of unusual virulence, which I regret to say lias caused many deaths amongst our population. Heartfelt sympathy will, I am sure, be expressed by the members of this House as well as by the general public of New Zealand with those who have suffered, and with the relatives of those who have unfortunately passed away from sickness due to this cause. The; efforts of the Government to arrest the spread of the disease have been ably seconded by Hospital Boards, local authorities, and private individuals, a great many of whom, at personal risk and at great inconvenience to themselves, have given their services voluntarily for the purpose of succouring and nursing the sick, and I desire to express the country's thanks and gratitude to all those who have assisted in this manner. The Public Health Department has been put to a considerable amount of expense in endeavouring to arrest the spread of the disease, and .1. propose; to ask the House to make suitable provision for this expenditure. CONCLUSION, Having now placed the financial position of the country before the Committee, I will conclude by thanking honourable members for the patient hearing which they have accorded me. Since I last had the honour of delivering a Financial Statement to members of this House many great changes have been brought about in the economic conditions of Europe, and, I may say, of the whole world, owing to the complete victory which our Empire and her Allies have achieved over the forces which stood for despotism and world domination. In this most momentous struggle for freedom and justice the military forces of this country have played no inconsiderable part. The British troops and those of our Allies have by their great services won a name that will never die. We are all proud that our own citizen soldiers should have been honourably associated with them in the greatest war in the world's history. The country will, I hope, ere long be welcoming the return to their homes of her gallant soldiers, and it will be our boundeu duty to make suitable provision not only for those who are about to return, but for those who have already returned, and for those who are incapacitated, as a result of their military service, from performing their accustomed duties. New Zealand has suffered an irreparable loss by the death of those of her sons who have made the supreme sacrifice and have laid down their lives in the cause of freedom and righteousness. Our heartfelt sympathy will go out to the relatives of those great men. But if we consider lor a moment the immensity of the issues which were at stake and for which we fought, and the completeness of our victory, it cannot be said that our losses in men and material will have been in vain. It is difficult to estimate the future effects of this great upheaval of the nations, but the enormous wastage caused by the devastation in Europe must be replaced, production will be stimulated, and trade increased. It is essential, therefore, that we should be prepared to take advantage of the increased activities in commercial and industrial pursuits, when the opportunity arrives, by encouraging to the utmost extent the productivity of this country and the extension of local industries and. land-settlement. This can only be attained, however, if all classes of the community will make up their minds to co-operate with one another and combine to work in harmony for their mutual benefit and for the advantage of the country. Let us go forward, therefore, filled with thankfulness for our great victory, and with a cheerful and inflexible determination to work together for the advancement of peace and for the promotion of industry, with the full knowledge that this remarkable country will respond to our efforts, and will, through the strength and energy of her people, and the natural advantages with which she has been endowed, continue to develop along lines which will eventually enable her to fulfil her high destiny and win a place of honour among the nations.

B— 6

TABLES TO ACCOMPANY THE FOREGOING STATEMENT , . Page Table No. I.—Abstract of Receipts and Expenditure of the Financial Year ended 31st March, 1918 2 Table No. 2.—Thb Public Debt on 31st March, 1918 .. .. .. .. .. 54 Table No. 3. —-The Debt transferred to the New Zealand State Advances Office at 31st March, 1918 .. .. .. .. .. .. .. .. ..65 Table No. 4.—Statement of the Estimated Liabilities of the Consolidated Fund outstanding on 31st March, 1908 to 1918 inclusive .. .. .. .. .. (S7 Table No. s.—Statement of the Estimated Liabilities of the Public: Works Fund and other Accounts outstanding on 31st march, 1908 to 1918 inclusive . . . . . . 08 Table No. 6.—Statement showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to 31st March, 1918 .. .. .. .. .. 70 Table No. 7. —Estimated Expenditure of 1918-19, compared with the Actual Expenditure of 1917-18 71 VTablb No. B.—Estimated Revenuk of 1918-19 compared with the Actual Revenue of 1917-18 .. 71 Table No. 9.—Statement showing the Amount charged to " Unauthorized " in each Financial Year from Ist July. 1875, to 31st March, 1918 .. .. .. .. ..72 Table No. 10. —Statement showing the Financial Position of the Dominion on the 31st March, 1918, compared with the 31st march, 1917 .. .. ■• ■. ..7.'!

I—B. 6.

8.—6.

2

Table No. 1. STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

1916-1917. RECEIPTS, 1917-: .918. £ s. d. Balanoe at beginning of Year,— Cash in the Publio Acoount Imprests outstanding — In the hands of Officers of the Government In London On account of Imperial Pensions .. On account of other Governments Investment Account £ s. d. £ s. d. 1,989,812 19 0 2,298,042 18 6 37,246 16 11 127,497 8 0 3,825 3 3 7,094 10 4 27,670 2 7 222,571 2 11 429 5 2 8,409 5 10 3,917,731 5 2 6,474,854 0 2 2,160,070 18 0 3,849,074 18 11 1,099,035 4 1 1,815,557 12 1 713,118 9 4 4,202,125 15 5 187,953 9 9 4,830,275 0 6 108,044 9 3 43,741 17 0 518,062 16 2 Ordinary Revenue, — Customs Stamp and Death Duties PoBtal and Telegraph Revenue Land-tax Income-tax Beer Duty Railways Registration and other Fees Marine Miscellaneous 3,364,308 3 0 1,892,014 3 4 1,836,255 15 3 1,385,708 0 2 5,619,560 16 11 237,075 3 5 4,608,223 7 11 101,249 5 2 38,052 11 4 718,436 12 4 .8,033,589 12 6 Territorial Revenue, — Pastoral Runs, Ronts, and Miscellaneous 19,860,883 18 10 215,786 17 0 205,643 IL 2 85,970 10 0 National Endowment Revenue 100,492 13 10 10,107,020 3 10 .8,335,347 5 0 19,84V* 3 0 Recoveries on account of Expenditure of Previous Years Unauthorized 36,035 7 8 3,166 6 7 19,847 3 6 39,201 14 3 Tomporary transfer to the Rangitaiki Land Drainage Account undor Seotion 50 of the Publio Revenues Act, 1910, now restored to the Consolidated Fund 7,500 0 0 Repayment of Temporary Advances to Deposits Account, Dairy Companies Advances Aocount, on account of Butter and Checso purchased by the Imperial Government 600,000 0 0 12,352 10 0 Sinking Funds set free, — Canterbury Loan Ordinance, 1802 120,533,624 3 6 Totals £27,288,575 18 3

8.—6

3

ORDINARY REVENUE ACCOUNT.

1916-1917. 918. EXPENDITURE. 1917- £ s. d. £ s. d. £ s. d 27,472 10 1 4,014,791 17 0 988,301 6 8 130,715 17 10 52,033 0 7 8,397 19 0 20,734 0 7 50,134 5 7 85,970 16 0 Permanent Appropriations,— Civil List Interest and Sinking Fund.. Under Special Acts of the Legislature Subsidies paid to Looal Bodies Amounts paid over to Looal Bodies and to Deposit Aooounts— Payments under the Land Acts Endowments — New Plymouth Harbour Board Greymouth Harbour Board Westport Harbour Board National Endowmont Residue Pensions Aot, 1913— Old-age Pensions Widows' Pensions Military Pensions War Ponsions Aot, 1915 27,673 14 2 4,430,779 1 9 621,257 14 11 139,213 7 0 48,831 7 5 7,539 8 4 13,359 17 11 43,151 9 8 100,492 13 10 453,085 0 7 37,918 8 11 45,634 2 7 180,165 10 4 612,463 4 0 57,931 8 2 50,733 8 1 515,383 12 10 6,095,355 1 9 6,668,810 8 1 34,939 5 4 106,722 7 7 1,368,490 9 0 2,871,977 0 2 94,938 15 1 24,191 6 2 459,914 10 3 28,277 15 8 474,964 13 9 438,655 11 9 Annual Appropriations,— Class I.—Legislative Departments II. —Department of Finanoe III., —Post and Telegraph Department IV.—Working Railways Department.. V.—Publio Buildings, Domains, and Maintenance of Roads VI. —Native Department » VII. —Justice Department VIII.—Mines Department IX.—Department of Internal Affairs .. X.—Defence Department .. .. .. .. .. XI.—Customs, Marine and Harbours, and Inspection of Maohinery Departments XII.—Department of Labour XIII.—Department of Lands and Survey „ XIV. —Department of Agriculture, Industries, and Commerce „ XV. —Education Department Services not provided for 41,797 8 2 132,895 10 6 1,487,144 15 6 3,067,657 13 4 99,392 13 11 24,242 7 11 485,427 15 2 26,613 5 5 529,668 7 9 428,112 10 1 169,864 13 0 32,725 0 11 192,991 15 5 216,897 7 8 1,406,'BBS 12 6 41,600 17 4 163,394 10 7 30,746 5 2 192,768 11 8 224,565 1 3 1,511,255 11 2 5,795 10 5 7,963,415 1 7 8,451,477 18 0 Temporary transfer to Rangitaiki Land Drainage Account under Section 56 of the Publio Revenues Aot, 1910, as per contra 7,500 0 0 Temporary Advances to Doposits Aocount, Dairy Companies Advanoes Aocount, on aocount of Butter and Gheose purohascd by Imporial Government 600,000 0 0 2,298,042 18 6 Balanoe at end of Year, — Gash in the Publio Aooount Imprests outstanding— In the hands of Officers of the Government In London On account of Imperial Pensions On aooount of other Governments Investment Aooount 2,593,151 7 5 27,670 2 7 222,571 2 11 429 5 2 8,409 5 10 3,917,731 5 2 48,658 2 2 131,960 14 2 2,406 9 8 14,230 10 5 8,770,380 8 4 11,560,787 12 2 6,474,854 0 2 Totals 220,533,624 3 6 '£27,288,575 18 3

8.—6

4

Table No. 1— continued.

EA 1916-1917. RECEIPTS. 1917■1918. £ s. d. 600,000 0 0 Troaaury Bills issued during Year £ s. d. £ s. d. 400,000 0 0 Totals £600,000 0 0 £400,000 0 0 STATE FORESTS £ s. d, 3,206 17 6 Balance at boginning of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion £ s. d. £ s. d. 2,530 9 0 1 17 6 2,530 9 0 3,208 15 0 12,881 11 8 Rents, Royalties, &c, from Lands set apart 13,299 2 2 lOfAVV A 10,000 0 0 New Zealand Loans Act, 1908, — Finance Aot, 1916, Seotion 50— Debentures issued 28,100 0 0 28,100 0 ( 4,250 0 0 Contribution from the Consolidated Fund towards cost of forest-tree growing and planting ttSk £30,340 6 8 I Totals £43,929 11 i £43,929 11 2 i STATE COAL- £ s. d. 34,832 0 7 I I Balance at beginning of Year, — Cash in the Public Acoount Improsts outstanding— In the Dominion £ s. d. 67,980 2 5 £ s. d. 34,960 0 7 128 0 0 144 17 1 68,124 19 6 290,177 3 5 Prooeeds of Sale of Coal 313,859 5 8 Totals £325,137 4 0 £381,984 4 9

5

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

nuouun i > 1916-1917. EXPENDITURE. 1917-1918. £ s. d. 600,000 0 0 Treasury Bills redeemed during Year £ a. d. £ s. d. 400,000 0 0 £600,000 0 0 Totals £400,000 0 0 £600,000 0 0 £400,000 0 0 ACCOUNT. i £ a. d. £ £ a d. ad. £ a. d. £ a. d. 27,809 10 8 Annual Appropriation,— Vote 118 —State Forests Branch 41,851 13 7 41,851 13 7 0 7 0 New Zealand LoanB Aot, 1908, — Finance Act, 191.6, Section 50— Clmrgos and Expensos 0 14 0 0 14 0 0 7 0 Interost reoouping the Consolidated Fund in rospoct of Dobentures issued 902 6 9 902 6 9 2,530 9 0 'J*' q.Kan n n 2,530 9 0 Balance at end of Yoar, — Cash in the Public Acoount Imprests outstanding— In the Dominion 1,1 1,143 10 6 143 31 10 6 6 4 1,174 16 10 1,174 16 10 •*»• 31 6 4 2,530 9 0 oi , 03U » u £30,340 6 8 Totals £43,929 11 2 £30,340 6 8 £43,929 11 2 MINES ACCOUNT. £ a. d. 248,372 15 0 £ a. d. Annual Appropriation,— 248,372 15 6 Vote 119—Stato Coal-mines £ s. d. £ s. d. 260,031 17 10 8,639 9 0 8,639 9 0 Interest reoouping the Consolidated Fund in respeot of Debentures issued 8,714 9 2 Unauthorized Expenditure,— Services not provided for .. 20 0 0 Balance at end of Year, — 67,980 2 5 Cash in the Publio Aooount Imprests outstanding— 144 17 1 In the Dominion fis \9A IP, fi 67,980 2 5 112,197 16 3 113,217 17 9 144 17 1 1,020 1 C 68,124 19 6 £325,137 4 0 Totals 68,124 19 6 £325,137 4 0 £381,984 4 9

8.—6

6

Table No. 1—continued.

SCENERY PRESERVATION 1916-1917. 7. RECEIPTS 1917-1918. 1917-1918. £ s. d. 996 13 9 i I 3. d 3 i I d. Balance at beginning of Year, — £ s. d. £ s. d. 9 CaBh in the Publio Acoount .. .. .. .. .. .. .. 4,347 2 3 £ B. d. : £ s. d. 4,347 2 3 121 5 11 5 1] .1 Rents .. .. .. .. .. .. .. .. .. .. 343 4 2 343 4 2 5,000 0 0 0 ( New Zealand Loans Act, 1908, — Sconery Preservation Act, 1908 — 0 Debentures issued l £6,117 19 8 9 i 8 Totals . .. .. .. .. .. .. .. £4,690 6 5 £4,690 6 5 NAVAL DEFENCE £ s. d. 117 11 9 £117 11 9 . d 1 8 1 9 3. Balanoe at boginning of Year, — £ s. d. £ s. d. 9 Cash in tho Publio Account .. .. .. .. .. .. .. 117 11 9 9 Totals .. .. .. .. .. .. .. £117 11 9 V" ACCOUNTS OF £ s. d. 11,101 16 0 ,. d 3 0 1. Balance at beginning of Year,— £ s. d. £ s. d. 0 Cash in the Publio Aooount .. .. .. .. .. .. .. 9,969 17 6 £ s. d. 9,969 17 6 6,109 11 10 3,870 10 4 14,240 4 6 11,910 9 8 I 10 0 4 1 6 d 8 3 4 Revenuo received for Local Bodies, — 0 Fees, Fines, &c. .. .. .. .. .. .. .. .. 6,228 1 7 4 Endowments of Land, &c... .. .. .. .. .. .. 1,408 14 0 6 Qoldfields Revenue .. .. .. .. .. .. .. 12,602 1 11 8 GoldDuty .. .. .. .. .. .. .. .. 15,533 11 4 — 35,772 8 10 4 36,130 16 4 35,772 8 10 Counties Separate Aocount, — 1 Revenue of Counties in which the Counties Act, 1908, is not in full oporation .. .. 147 19 5 147 19 5 133 0 1 20,049 12 9 £67,415 5 2 I 9 Advanoe Accounts, — 3 Amount repaid by Looal Bodies .. .. .. .. .. .. .. 20,247 3 11 20,247 8 11 5 2 2 Totals .. .. .. .. .. .. .. £66,137 9 8 £66,137 9 8

7

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

1916-1917. EXPENDITURE. 1917-1918. EXPENDITURE. £ a. d. Expenditure under Section 11 of the Soenery Preservation Act, 1908 £ s. d. £ a. d. 1,500 10 8 Annual Appropriation,— Vote —Scenery-preservation 9» 1,554 19 8 215 11 2 Unauthorized expenditure,— Services not provided for .. 0 7 0 Now Zealand Loans Act, 1908, — Soenery Preservation Aot, 1908— Charges and Expenses • 4,347 2 3 Balanoe at end of Year, — Cash in the Publio Aocount 3,189 16 2 £6,117 19 8 Totals £4,690 6 5 ACT ACCO JNT. £ s. d. Expenditure under the Act £ s. d. d. £ s. d. 117 11 9 117 11 9 Balance at end of Year,— Cash in the Public Aocount £117 11 9 Totals £117 11 9 V LOCAL BO )IES. £ r. d. 6,316 0 5 1,930 0 10 15,532 2 6 12,941 18 7 Revenue paid over to Looal Bodies, &c, — Foes, Fines, &o. .. Endowments of Land, ifec. Goldfiolds Rovenue Gold Duty £ a. d. 6,237 11 1 2,139 18 7 10,616 1 4 14,319 3 11 £ a. d. 36,720 2 4 33,212 14 11 138 11 7 Counties Separate Aooount, — Amount distributed amongst Local Bodies whore the Counties Act, 1908, is not in full operation 134 1 5 20,586 18 9 Advance Aooounts, — Payments on behalf of Looal Bodies 20,024 13 8 9,969 17 6 Balance at end of Year, — Cash in the Publio Aocount 12,766 0 1 £67,415 5 2 Totals £66,137 9 8

8.—6

8

Table No. 1— continued. STATEMENT of the RECEIPTS and EXPENDITURE of the CONSOLIDATED FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917— continued.

1916-1917. RECEIPTS. 1917■1918. £ s. d. 470,960 3 8 Balanoe at beginning of Year,— Gash in the Publio Aocount Imprests outstanding— In the Dominion In London Investment Account (Stato Advancos Office Acoount, £1,206,514 17s. lid.) £ s. d. 1,894,430 9 1 £ s. d. 4,968 0 0 125,600 10 7 1,168,248 19 2 40,705 10 6 99,164 7 4 1,316,514 17 11 3,350,815 4 10 1,769,837 13 5 150,497 14 1 80,302 4 2 7,801 15 10 Lodgments,— Butter-fat Adjustment Aooount Dairy Companies' Advances Aocount .. ■ .. Education Reserves Amendment Aot, 1914— Primary-education Endowments— Section 2 (Rents) Seotion 3 (Sales) .. .. .. .. .. .. Secondary-education Endowments (Section 2 : Rents) — £ s. d. Auokland Provincial Distriot .. .. .. .. 1,530 0 3 Taranaki Provincial Distriot .. .. .. .. 966 19 3 Wellington Provincial District .. .. .. .. 2,752 2 5 Hawko's Bay Provincial Distriot .. .. .. 1,714 0 0 Nelson Provincial Distriot .. .. .. .. 386 14 6 Marlborough Provinoial Distriot .. .. .. 51 0 11 Westland Provincial Distriot .. .. .. .. 279 1 4 Otago Provincial Distriot .. .. .. .. 1,019 7 5 172,512 8 4 600,000 0 0 70,933 15 0 707 11 5 1,451 9 0 946 16 11 2,558 17 0 1,798 1 4 386 12 9 87 12 9 94 10 6 1,008 5 5 8,699 6 1 11 13 8 Secondary-education Endowments (Seotion 3 : Sales) — Auokland Provincial District 17 0 25 0 0 7 11 10 25 0 0 1,99** 5 10 151 14 11 2,236,104 0 0 21,942 0 5 Emigrants' Deposits Fisheries Aot, 1908 General A ssombly Library .. Gold Duty Suspense Aooount Hospitals and Charitable Institutions Acts, 1909 Imperial Government Butter-supply Account Imperial Government Canned-rabbits Supply Aooount Imperial Government Cheese-supply Acoount Imperial Government Condonsod-milk Supply Acoount Imperial Government Frozen rabbits Supply Account Imperial Government Glaxo-supply Account Imporial Government Hides-supply Account Imperial Government Jam-supply Account Imperial Government Meat-supply Account .. Imporial Government Soheelite-supply Account Imperial Government Wool-supply Aooount Imperial Government Wool-supply Aooount (Pelts) Kitchener Memorial Scholarships Land Aot, 1908— Mining Districts Lard Occupation Aooount Miscellaneous Money-order Settlement Aocount Nelson Rifle Prize Fund Account New Zealand Expeditionary Force Relief Fund New Zealand University Endowments, Westland North Island Experimental Dairy School Otago University Reserves Act, 1904 Publio Trust Office Remittance Account Retail Butter Business Acoount State Advances Office Aocount Tauranga Eduoational Endowmont Roservos Act, 1896 Taranaki Scholarships Endowmont Account Thermal Springs Districts Act, 1910 Trustee Act, 1908 Westport Harbour Board Act, 1884, Special Coal Rate Aooount 1 10 8 25 0 0 1,883 10 9 34 16 9 2,600,000 0 0 43,000 0 0 4,700,000 0 0 41,917 11 0 21,250 0 0 272,572 10 0 585,000 0 0 976 11 3 8,933,025 13 3 35,000 0 0 16,050,000 0 0 32,159 19 2 701 1 0 977 0 0 7,795,000 0 0 45,893 0 0 10,100,000 0 0 500 0 0 1,029 15 0 539,949 12 9 153,837 16 3 20 0 0 255 18 0 5 9 6 197 0 0 1,448 7 3 03,082 8 9 1,579 5 7 653,673 0 7 223,447 0 11 50 0 0 2,440,118 16 5 5 10 0 173 10 0 420 8 1 65,094 5 11 18,485 5 2 094,807 3 9 85 '4 5 618 4 10 109 1 0 049 7 8 889 1 9 611 19 3 85 1 9 145 0 0 1,907 17 3 23,652,926 15 7 36,490,609 14 4 Totals £39,847,424 19 2 826,422,764 9 0

8.—6

DEPOSIT ACCOUNTS.

2—B. 6.

9

1916-1917. EXPENDITURE. 1917-1918. £ s. d 231 16 1 Withdrawals, — Butter-fat Adjustment Aocount Dairy Companies' Advances Aocount Education Reserves Amendment Aot, 1914 — Primary-education Endowments — Section 2 (Rents) Section 3 (Sales) Secondary-education Endowments (Section 2: Rents) — £ s. d. Auokland Provincial Distriot .. .. .. .. 1,534 18 4 Taranaki Provincial Distriot .. .. .. .. 1,012 10 10 Wellington Provincial District .. .. .. .. 2,737 7 3 Hawke's Bay Provincial Distriot .. .. .. 1,751 4 9 Nelson Provincial Distriot .. .. .. .. 362 9 5 Marlborough Provincial District .. .. .. 50 16 6 Westland Provincial District .. .. .. .. 97 2 9 Otago Provincial District .. .. .. .. 1,014 0 5 £ s. d318,807 4 3 600,000 0 0 £ s. d. 80,302 4 2 2,178 0 0 70,933 15 6 5,023 6 0 1,369 11 1 790 1 7 2,400 17 10 1,741 11 8 515 5 0 50 16 6 102 16 9 1,077 5 10 8,560 10 3 25 0 0 25 0 0 833 8 4 55 6 5 Emigrants'Deposits General Assembly Library Gold Duty Suspense Aooount Hospitals and Charitable Institutions Acts, 1909 Imperial Government Butter-supply Aooount Imperial Government Canned-rabbits Supply Account Imporial Government Cheoae-supply Aooount Imperial Government Condensed-milk Supply Account Imperial Government Frozen-rabbits Supply Account Imperial Government Glaxo-supply Account .. Imperial Government Hides-supply Account Imperial Government Jam-supply Aocount Imperial Government Meat-supply Account .. Imperial Government Soheelite-supply Aocount Imperial Government Wool-supply Aooount Imporial Government Wool-supply Aooount (Pelts) Land Aot, 1908— Mining Districts Land Oooupation Aooount Maori Land Settlement Aot 1905 Aooount Miscellaneous Money-order Settlement Account Nelson Rifle Prize Fund Otago University Reserves Act, 1904.. Publio Trust Office Remittance Aooount Railways Retail Butter Business Aooount State Advances Office Acoount Taranaki Scholarships Endowment Aooount Tauranga Educational Endowment Reserves Aot, 1890 Thermal Springs Districts Aot, 1910 25 0 0 2,124 14 11 20 8 6 2,227,471 7 4 42,955 4 6 4,870,553 9 8 41,689 8 43,926 7 0 248,384 11 3 571,485 4 5 1,953 2 6 9,052,391 0 3 32,328 14 9 16,323,225 1 11 31,798 8 5 1,803,557 17 8 21,773 5 5 7,655,179 13 0 45,141 11 3 9,370,800 14 0 831 13 5 7 6 1 502,377 10 4 174,892 12 7 823 10 5 94 9 3 454,627 18 8 157,154 4 0 40 0 0 7,561 13 6 78,125 14 2 2,604 10 0 13,543 9 6 551,666 14 9 1,529 11 7 54,971 2 0 2,763 0 0 2,341,773 19 2 150 0 0 17 18 0 105 12 6 35,733,534 8 1 22,071,949 4 2 Balanoe at end of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion In London Investment Account (State Advanoes Offioe Aooount, £1,409,794 5s. 5d.) 2,285,029 16 1 1,894,430 9 1 40,705 10 6 99,164 7 4 1,316,514 17 11 100,187 0 5 268,279 9 2 1,459,794 5 5 4,113,890 11 1 3,350,815 4 10 Totals .. .. .. .. .. ., £25,422,764 9 0 £39,847,424 19 2

10

8.— %

Table No. 1—continued.

1916-1917. RECEIPTS, 1917-1918. 1917-1918. £ s. d 880,323 1 7 5,192 17 9 45,085 18 6 362,500 0 0 Balanoe at beginning of Year,-- £ s. d. i £ s. d. Cash in the Publio Account .. .. .. .. .. .. 315,912 12 7 Imprests outstanding— In the hands of Officers of the Government .. .. .. .. 3,142 16 8 In London .. .. .. .. .. .. .. .. 2,469 6 11 Investment Account .. .. .. .. .. .. .. 200,000 0 0 521,524 16 2 £ s. d. i £ s. d. 315,912 12 7 3,142 16 8 2,469 6 11 200,000 0 0 1,293,101 17 10 521,524 16 2 New Zoaland Loans Aot, 1908, — Aid to Publio Works and Land Settlement Aot, 1914 — Debentures issued .. .. .. .. .. .. .. .. 45,100 0 0 500,000 0 0 45,100 0 0 Finanoe Aot, 1916, Section 49— Debentures issued .. .. .. .. .. .. .. .. 700,000 0 0 700,000 0 0 Finanoe Act, 1917, Section 77— Debentures issued .. .. .. .. .. .. .. .. 125,000 0 0 125,000 0 0 5,712 5 8 Recoveries on aooount of Expenditure of previous Years .. .. .. .. 43,492 5 3 43,492 5 3 1,633 0 4 Special Receipts in connection with the Ellesmere and Forsyth Reclamation and Akaroa Railway Trust Aocount .. .. .. .. .. .. .. 1,594 15 2 1,594 15 2 Totals .. .. .. .. .. .. .. £1,430,711 10 7 - 1,800,447 3 10 _ __. = ■ £1,436,711 16 7 i WELLINGTON-HUTT RAILWAY AND £ s. d. 1,648 9 8 Balance at beginning of Year,— £ s. d. £ s. d. Cash in the Publio Acoount £1,648 9 8 Totals THE RAILWAYS £ s. d. 5,586 7 5 Balance at beginning of Year, — £ s. d. £ s. d. Cash in the Publio Account £ s. d. £ s. d. Totals £5,586 7 5

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

11

1916-1917. EXPENDITURE. 1917-1918. £ s. d. 131,684 19 10 620,940 13 8 251,431 0 7 3,767 15 7 1,094 1 6 6,533 1 7 £ s. d. Annual Appropriations,— 131,684 19 10 Glass XVI.—Publio Works, Departmental 620,940 13 8 , XVII.—Railways .. 251,431 0 7 . XVIIL—Publio Buildings .. 3,767 15 7 . XIX.—Lighthouses, Harbour-works, and Harbour-dofonoes 1,094 1 6 . XX.—Tourist and Health Resorts .. 6,533 1 7 . XXI.—Immigration XXII.—Construction, Maintenance, and Supervision of Roads, Bridges, 219,794 9 6 and other Publio Works .. 4,59113 2 , XXIII.—Development of Mining XXIV. —Telegraph Extension 9,741 3 6 . XXV.—Contingent Defenoe Or. 2,730 10 2 , XXVI.—Lands Improvement 16,048 1110 „ XXVII.—Irrigation and Water-supply .. 9,778 5 9 „ XXVIIL—Plant, Material, and Stores .. 5,766 13 4 Services not provided for 1,278,447 19 8 £ s. d. 127,898 5 7 495,771 9 9 229,288 2 9 2,975 14 6 931 14 0 3,855 13 2 £ s. d. 219,794 9 6 4,591 13 2 135,042 1 8 27 6 5 117,265 7 11 6,713 15 6 1,838 1 3 11,650 5 7 6,810 4 10 63 17 4 9,741 3 6 Cr. 2,730 10 2 16,048 11 10 9,778 5 9 5,766 13 4 1,278,447 19 8 1,140,732 0 3 1 12 0 New Zealand Loans Aot, 1908, — Charges and Expenses in respeot of loans raised under — 1 12 0 Aid to Publio Works and Land Settlement Aot, 1914 Finance Act, 1916, Seotion 49 33 10 0 Finanoe Aot, 1915, and New Zealand Loans Aot, 1915 35 3 0 0 3 6 0 10 6 33 10 0 35 3 0 0 14 0 Ellesmere Land Drainage Act, 1905,— 439 5 0 Expenditure under Seotion 6, Subseotion (1).. 439 5 0 439 5 0 315,912 12 7 Balanoe at end of Year, — 315,912 12 7 Cash in the Publio Aooount Imprests outstanding— 3,142 16 8 In the hands of offioers of the Government 2,469 6 11 In London 200,000 0 0 Investment Aooount 181,372 10 0 3,142 16 8 2,469 6 11 200,000 0 0 521,524 16 2 „Ai» 114,167 7 4 295,539 17 4 521,524 16 2 ic £1,800,447 3 10 " -—... 1,800,447 3 10 Totals £1,436,711 16 7 ROAD IMPROVEMENT ACCOUNT. £ s. d. Appropriation Aot, 1916, Seotion 30, — 1,648 9 8 Transfer of balanoe to Railways Improvement Authorization Aot 1914 Account .. £ s. d. £ s. d. £1,648 9 8 Totals IMPROVEMENTS ACCOUNT. - I .. £ s. d. Appropriation Aot, 1916, Section 30, — 5,586 7 5 Transfer of balance to Railways Improvement Authorization Aot 1914 Acoount .. £ s. d. £ s. d. £5,586 7 5 Totals £5,586 7 5

8.—6.

12

Table No. 1- continued.

THE RAILWAYS IMPROVEMENT 1916-1917. 1916-1917. RECEIPTS. 1917-1918. £ s. d. 8,245 14 10 £ s. d. Balance at beginning of Year, — 8,245 14 10 Cash in the Public Account £ s. d. £ s. d. £ s. d. 29,883 12 2 New Zealand Loans Act, 1908, — Railways Improvement Authorization Act, 1914 — 240,000 0 0 Debentures issued 240,000 0 0 95,000 0 0 Appropriation Aot, 1916, Seotion 30, — 1,648 9 8 Balance from Hutt Railway and Road Improvement Aooount 5,586 7 5 Balanoe from Railways Improvements Aocount 7,234 17 1 I £124,883 12 2 £255,480 11 11 Totals THE WAII HOU AND )HINEMURI £ s. d. Balance at beginning of Year, — 13,112 2 0 Cash in the Publio Acoount 60,000 0 0 Investment Aocount 73 115! 5> n £ s. d. 2,696 18 7 60,000 0 0 £ s. d. 73,112 2 O Contributions under the Waihou and Ohinemuri Rivers Improvement Act, 1910 (Sections 17 and 18), and Amendment Aot, 1912, and Appropriation Aot, 1916 (Section 27),— 1,241 19 3 Gold-mining Companies Consolidated Fund Gold Duty 1,241 19 3 73,112 2 0 1,088 7 8 245 9 8 736 9 0 62,696 18 7 1,241 19 3 2,070 6 4 1,088 7 8 245 9 8 736 9 0 1,241 19 3 2,250 0 0 2,250 0 0 Interest on Securities held by Investment Account 2,038 17 4 £76,604 1 3 Totals £76,604 1 3 £66,806 2 3 v* AID TO WATER- £ s. d. Balance at beginning of Year, — Cash in the Publio Aooount Imprests in the hands of Officers of the Government.. £ s. d. £ a. d. 1,461 14 1 7,283 5 1 147 0 1 — 1,461 14 1 7,430 5 2 New Zealand Loans Act, 1908, — Aid to Water-power Works Aot, 1910— Debentures issued 55,000 0 0 10,000 0 0 Totals £56,461 14 1 £17,430 5 2 1====== ELECTRIC £ b. d. State Supply of Eleotrioal Energy Act, 1917, Section 8, — Balanoe from Aid to Water-power Works Aooount Sales of Elootrio Energy Miscellaneous Receipts £ s. d. £ s. d. 16,414 19 3 483 11 1 11,226 4 9 New Zealand Loans Aot, 1908,— Aid to Water-power Works Aot, 1910— Debentures issued 16,898 10 4 50,000 0 0 Totals £78,124 15 1

B.—f>

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

13

AUTHORIZATION ACT 1914 ACCOUNT. 1916-1917. EXPENDITURE. 1917-1918. I £ s. d. £ s. d. ! £ s. d. 25,651 11 9 Expenditure under Section 5 of the Railways Improvement Authorization Aot, 1914 .. 111,719 15 2 New Zealand Loans Act, 1908, — Railways Improvement Authorization Act, 1914 — 1 8 0 Charges and Expenses .. .. .. .. .. .. .. .. 0 10 6 Annual Appropriation,— 199,944 0 0 Vote —Railway Improvements .. .. .. .. .. .. Balance at end of Year,— 29,883 12 2 Cash in the Publio Account .. .. .. .. .. .. .. 13,163 6 6 £255,480 11 11 Totals .. .. .. .. .. .. .. £124,883 12 2 RIVERS IMPROVEMENT ACCOUNT. £ s. d. Expenditure under Section 17 of the Waihou and Ohinemuri Rivers Improvement £ s. d. £ s. d. Act, 1910.. .. .. .. .. .. .. .. .. .. 12,025 8 9 Waihou and Ohinemuri Rivers Improvement Act, 1910 (Sections 17 and 18), and Amendment Act, 1912, — Refund of Excess Contributions made in previous years— Consolidated Fund .. .. .. .... .. .. 2,499 16 0 Gold Duty .. .. .. .. .. .. .. .. 7,496 1 3 — 9,995 17 3 3,500 0 0 I Interest recouping the Consolidated Fund in respect of Debentures issued .. .. 3,500 0 0 Annual Appropriation,— 10,407 2 8 Vote—Waihou and Ohinemuri Rivers Improvement .. 10,407 2 8 Balanoe at end of Year, — 2,696 18 7 Cash in the Public Account .. .. .. .. .. .. 11,284 16 3 60,000 0 0 Investment Acoount .. .. .. .. .. .. .. 30,000 0 0 41,284 16 3 aa aaa io c 2,696 18 .7 60,000 0 0 62,696 18 7 £76,604 1 3 Totals .. .. .. .. .. .. .. £66,806 2 3 62,696 18 7 £76,604 1 3 £66,806 2 3 , „___ \\Ci___Z______\\\_\~ *H*-k POWER WORKS ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 49,030 7 11 Vote 122 -Development of Water-power .. .. .. .. .. .. 6,203 13 5 State Supply of Elcotrioal Energy Act, 1917, Seotion 8,— Transfer of balanoe to Electric Supply Acoount .. .. .. ., .. 11,226 4 9 £ s. d. 6,203 13 5 11,226 4 9 New Zealand Loans Aot, 1908, — Aid to Water-power Works Aot, 1910 — 1 1 0 j Charges and Expenses .. .. .. .. .. .. .. .. 070 0 7 0 I Balance at end of Year, — 7,283 5 1 Cash in the Publio Aocount 147 0 1 i Imprests in tho hands of Officers of the Government.. 7,430 5 <2 £56,461 14 1 Totals .. .. .. .. .. .. .. £17,430 5 2 £17,430 5 2 SUPPLY ACCOUNT. £ s. d. ; Annual Appropriation,— Vote 122 —Development of Water-power £ s. d. £ s. d. 20,530 1 8 Amount transferred to the Publio Works Fund under Si ction 9, Subsection (4), of the State Supply of Electrical Energy Act, 1917 21,112 11 11 Balance at end of Year, — Cash in the Publio Aooount Imprests in the hands of Officers of the Government .. 36,452 8 0 29 13 6 36,482 1 6 Totals £78,124 15 1

8.—6

14

Table No. 1- continued.

I 1916-1917. RECEIPTS. 1917-1918. 1916-1917. 1917-1918. £ a. d. Balanoe at beginning of Year, — £ s. d. £ s. d. 4,744 18 4 Cash in the Publio Aooount £ a. d. 4,744 18 4 £4,744 18 4 £4,744 18 4 Totals TELEGRAPH £ s. d. Balanoe at beginning of year,— £ s. d. £ a. d. Cash in the Publio Account .. .. .. .. .. .. 28,827 11 5 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 67,86117 2 1 96,689 8 7 New Zealand Loans Aot, 1908, — Finanoe Act, 1916 (Seotion 49)— 300,000 0 0 Debentures issued £300,000 0 0 Totals .. .. .. .. .. .. .. £96,689 8 7 £96,689 8 7 STATEMENT of the RECEIPTS and EXPENDITURE of the CHEVIOT ESTATE ACCOUNT )T estat: 'E ACCOUNT £ s. d. Balanoe at beginning of Year, — 38,004 9 4 Cash in the Publio Aooount 60,000 0 0 Investment Aooount 98,004 9 4 £ s. d. 48,521 6 7 60,000 0 0 £ s. d. 108,521 6 7 Reoeipts under the Land Aot, 1908, — 17,195 0 4 Rents from Lands.. 4 0 0 Sales 17,676 18 11 82 0 0 17,758 18 11 17,199 0 4 Other Reoeipts,— 2,183 19 5 Interest on Securities held by Investment Aooount 2,428 16 1 £117,387 9 1 Totals £128,709 1 7 STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR 3ETTLEMEN 1 CS ACCOUN 1 ] £ s. d. Balanoe at beginning of Year,— 274,346 9 9 Cash in the Publio Aooount Investment Aooount 274,346 9 9 £ s. d. 111,568 6 3 145,000 0 0 £ s. d. 256,568 6 3 274,346 9 9 New Zealand Loans Act, 1908, — Land Laws Amendment Aot, 1913 — 244,800 0 0 Debentures issued 244,800 0 0 140,000 0 0 Land Laws Amendment Aot, 1913, and Finance Aot, 1916 (Seotion 41)— 55,200 0 0 Debentures issued 55,200 0 0 574,346 9 9 Carried forward .. 574,346 9 9 396,568 6 3 i

8.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

15

WATER-SUPPLY ACCOUNT. 1916-1917. EXPENDITURE. j 1917-1918. £ s. d. Annual Appropriation,— 4,744 14 10 Vote —Irrigation and Water-supply £ s. d. £ s. d. New Zealand Loans Aot, 1908, — Irrigation and Water-supply Act, 1913— 0 3 6 Charges and Exponsea £4,744 18 4 Totals !_ EXTENSION EXTENSION ACCOUNT. £ s. d. 203,310 0 11 £ s. d. Appropriation Act, 1917, Section 34, ■■- 203,310 0 11 Vote —Telegraph Extension £ s. d. £ s. d. 96,689 5 1 Now Zealand Loans Aot, 1908, — Finance Aot, 1916, Section 49 — 0 10 6 Charges and Expenses 0 3 6 0 10 6 28,827 11 5 67,861 17 2 96,689 8 7 Balance at end of Year,— 28,827 11 5 Cash in the Public Account I mprosts outstand ing-— 67,861 17 2 In the Dominion 0.R fiso » 1 96,689 8 7 £300,000 0 0 Totals £96,689 8 7 £300,000 0 0 for the Year ended 31st Maech, 1918, oompared with the Financial Year ended 31st Maeoh, 19.17. for the Year endet £ s. d. 8,866 2 6 £ a. d. 8,866 2 6 Interest rooouping the Consolidated Fund in respect of Debentures issued £ s. d. £ a. d. 8,866 2 6 Balanoe at end of Year, — 48,5&f 6 7 Cash in the Publio Aooount 60,000 0 0 Investment Aooount 108.521 fi 1 1 48,5*T 6 7 60,000 0 0 19,842 19 1 100,000 0 0 119,842 19 1 HJ8,0ai b i £117,387 9 1 Totals 108,521 0 7 £117,387 9 1 £128,709 1 7 'or the Year endoi 1 31st Maeoh, 1918, oompared with the Financii ,1 Year ended 31si Maeoh, 1917. Namo of Estate. I Purchase-money. Incidoutal Expenses. Total. £ s. d. 60 2 11 79 11 3 24 0 11 113 14 5 26 0 0 54 4 4 11 1 8 168 4 4 6 7 2 61 2 7 37 9 6 42 5 5 0 6 9 Acquirement of Estates, and Expenses incidental thereto, — Airedale Albury Allanhohn Annan Aorangi Ardgowan Ardlussa Argyll Ashley Gorge Ashwick Avenel Avenel Extension Aviemore Awanui (Johnston, Mrs. 8. and Miss A. B., and Riddiford, J. M.) Aylesbury Balachraggan Barnogo Bartholomew Bealo Settlement (Bealo, Mrs. M. E. H.) Beaumont Bellamy (Mundell, J.) Bickerstafie Blairlogio (Morrison, R. I). M.) Blind River £ s. d. £ s. d. 16 10 9 77 15 3 20 12 10 126 6 8 101 13 1 19 6 7 19 15 5 163 15 10 4 7 8 58 0 6 32 6 4 26 18 6 0 2 3 £ s. d. 1.6 10 9 77 15 3 20 12 10 1.26 6 8 101 18 1 111 6 7 19 15 5 163 1.5 10 4 7 8 58 0 5 32 6 4 26 18 6 0 2 3 £ s. d. 19 18 0 71 13 9 46 12 3 2 18 11 51,237 11 10 148 4 6 19 18 0 86 16 10 15 9 4 5 10 8 51,385 16 4 19 18 0 86 16 10 15 9 4 5 10 8 135 12 11 12 5 3 60 16 6 58 1 6 9,550 0 0 19 7 6 135 12 11 12 5 8 57 7 0 58 I 6 8 7 10 138 19 6 60 0 8 3 9 6 19* 7 7 9,550 0 0 1.9 7 6 1,040 9 9 Carried forward 60,926 14 3 1,090 12 2 62,017 6 5

8.—6

Table No. 1— continued.

16

1916-1917. RECEIPTS. 1917 II .917-1 1918. £ s. d. 574,346 9 9 Brought forward £ s. d. i s. d. £ s. d. 396,568 6 3 426 16 5 Reoeipts on aooount of oapital value of land under the Land Aot, 1908, — Section 191 1,276 8 6 338,167 14 7 99,218 0 10 Reoeipts derived from Estates, — Rents, &o. Sales 351,856 4 11 108,451 19 2 156 4 :51 19 : 11 i 2 460,308 4 1 437,385 15 5 Land Laws Amendment Aot, 1912, Seotion 5, — Sale of Crown Lands 104,560 7 5 160,573 14 1 1,624 17 1 Interest on Securities held by Investment Acoount 1,315 15 10 Proceeds of Sale of Workers' Dwellings on Settlement Lands under Seotion 16 of the Workers' Dwellings Aot, 1910 7,028 1 6 7,495 3 5 Recoveries on account of Estates, — Glenmark 285 0 0 *_?" Carried forward .. 1,182,137 16 2 971,657 3 7

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

3—B. 6.

17

1916-1917. EXPENDITURE. 19171918. £ s. d. 1,040 9 9 Name of Estate. Purchase-money. Incidental Expenses. Total. £ s. £ s. d. Brought forward .. .. .. 60,926 14 3 £ s. d. 1,090 12 2 £ s. d. 62,017 0 5 38 9 1 1 3 5 115 4 0 4 3 9 606 4 0 0 1 8 25 10 3 48 1 4 20 9 9 8 8 9 13 0 3 38 12 5 18 11 5 0,001 12 10 102 4 0 55,462 8 0 49 19 6 73 18 7 4 18 4 0 16 7 28,167 19 .'! 25,094 5 9 149 0 0 135 10 3 18 15 10 23 19 2 50 7 0 6 14 6 13 0 8 0 8 0 60 14 9 131 19 6 163 8 6 48 1 11 6 8 11 39,550 15 11 9,3 9 20,40f 14 8 5 13 9 34 9 10 11 18 3 294 19 6 50 11 8 6 12 10 42 17 4 17 17 8 Acquirement of Estates, and Expensos incidental thereto— continued, Bourndale Braco Braoburn Bruco's Settlomont (Bruce, A. P.) .. .. 9,588 11 3 Buckley Settlement (Messrs. Gould, Beaumont, and Co., and New Zealand Farmers' Co-opera- j tivo Association (Limited), Christchurch) .. | 12,502 7 0 Buddo .. Burke's Homestead (McGregor, F. L.) Cardrona Carringtou .. .. .. .. j Chamberlain .. .. .. .. ] Cherry Grove (Hood, W. T.) .. .. 5,730 0 0 Clande boyo .. .. .. . Clandoboye No. 2 Clandon Claromont .. .. , . .. * . . Clareview Clayton (Hamilton, (I. I., H. M., J. D., L. F., and C. L. C.) .. Clifford Clifton (Telford, W.) Clydebank Conical Hills Copland Oradock Crnigmore (Verity, C. H., and Higginbotham, S.) Cricldewood (Bray, .1., and Wills, D.) Croydon (Huston, A. J.) .. .. .. 10,024 1 3 Culverden Douglas Drayton Duncan Dyer Earnseleugh Eccleston No. 1 . . Eccleston No. 2 .. Edendalo Elderslie Elderslie No. 2 . . Elsthorpo Epuni .. Erina (Watts, E. M.) Erinedalo Fairfield (Fairfield, T.) Falloon Fencourt Fin lay Downs Flaxbourno Forost Gate Fortification Hill Four Peaks Fyvio Galloway Freeholds (Robort Campbell and Sons (Limited)) Gardiner's Settlement (Gardiner, F. R. H.) .. 1,235 6 6 Glenham Glenmark Glentanner Gorton Greonfield Greystoke(Grey,W.J.,A.W.,M. L.,andA.H.) 4,845 2 0 Gwavas Hall-Jones Hatuma Hawtq-ey . . .. .. . . .. Heathorlea Hekeao Hetana .. Highbank ilikiiwera Hilderthorpe Hillborough Hillorsden Homebrook (Budge, E. Francos) .. .. 27,329 15 Ol (purchase of stock) .. .. 2,643 7 8| Hornby Horsley Downs . . Huinga Janelield Kaimahi Kanakauaia Carried forward .. .. .. 140,825 4 11 25 10 6 I 0 3 45 7 6 8 10 5 0 9 3 0 0 6 48 7 2 48 12 6 19 3 3 31 15 5 9 1 7 14 16 1 37 3 2 6 6 5 955 2 4 28 1.9 11 111 3 5 50 19 7 22 1 3 9 16 8 0 16 8 338 6 6 265 2 10 19 9 0 134 10 7 63 3 7 20 10 4 1 0 9 90 12 5 1 12 I 13 3 1 0 12 5 127 9 2 49 1 7 15 17 7 49 3 9 21 0 4 193 5 3 14 9 3 90 2 3 240 14 6 30 12 7 23 16 9 345 15 8 50 8 9 13 9 11 37 3 11 8 6 8 25 16 6 1 0 3 45 7 6 9,588 11 3 12,502 7 0 3 10 5 0 9 3 0 0 6 48 7 2 48 12 6 5,749 3 3 31 15 5 9 1 7 14 10 1 37 3 2 6 6 5 955 2 4 28 19 II 111 3 5 50 19 7 22 1 3 9 16 8 0 16 8 338 6 6 265 2 10 16,043 10 3 134 10 7 03 3 7 20 10 4 1 (I 9 96 12 5 1 12 1 13 3 1 0 12 5 127 9 2 49 1 7 15 17 7 49 3 9 21 0 4 193 5 3 14 9 3 90 2 3 240 14 6 30 12 7 23 16 9 345 15 8 50 8 9 13 9 11 37 3 11 8 6 8 3,514 18 4 3 0 8 3 0 8 1,235 6 6 35 7 3 738 9 7 1 19 11 3 2 0 52 6 0 5,442 13 10 32 7 10 5 10 11 165 12 10 20 3 4 58 13 11 8 10 10 2 19 10 59 7 3 17 5 2 3 15 7 12 0 11 249 8 1 27 18 0 1,155 19 0 5 0 1 229 7 7 215 4 6 27,674 9 4 32 1 6 4 18 8 167 5 1 5 7 3 98 3 8 11 10 1 4 1 2 68 15 3 8 13 II 41 15 6 6 0 4 862 12 5 35 7 3 738 9 7 1 19 11 3 2 0 52 6 0 597 II 10 32 7 10 5 10 11 165 12 10 20 3 4 58 13 11 8 10 10 2 19 10 59 7 3 17 5 2 3 15 7 12 0 11 249 8 1 330 12 5 30,303 15 1 18 10 9 15 5 6 10 10 7 13 7 11 5 7 3 47 18 10 4 7 11 15 2 4 24 7 9 2 17 4 4 4 10 47 18 10 4 7 11 15 2 4 24 7 9 2 17 4 4 4 10 47 18 10 212,423 0 4 7,323 8 8 148,148 13 7

8.—6

18

Table No. 1—continued.

1916-1917. RECEIPTS. 1917 1918. £ s. d. 1,182,137 16 2 Brought forward £ s. d. £ s. d. 971,657 3 7 • «_r> Carried forward 1,182,137 16 2 Carried forward 971,657 3 7

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 19l7—continued.

19

1916-1917. EXPENDITUR 1917-1918. Name of Estate. Purchase-money. Incidental Expenses. Total. • £ s. d. 148,148 13 7 £ s. d. 212,423 0 4 Brought forward £ s. d. 140,825 4 II £ s. d. 7,323 8 8 £ s. d, 6 1 7 2 9 3 9 18 3 214 19 11 2 7 1 114 18 9 0 17 10 24 10 10 3 0 3 33 17 4 7 16 4 303 19 4 32 9 9 11 10 9 16 1 3 106 18 6 8,602 3 6 15 14 2 66 14 2 7,951 4 0 187 11 8 123 3 1 3 11 11 309 17 11 19 3 2 58 19 2 74 6 6 99 1 10 28 4 2 311 4 6 55 14 6 25,301 2 10 82 1 10 13 1 9 110 3 11 2 2 4 21 17 5 44 14 6 Acquirement of Estates, and Expenses incidental thereto— continued. Kapua Kapnalolie Karapiro Kauroo Hill Korota Kinloeh Kitchonor Knowsloy Park . . Kohatahi Kohika Kohika No. 2 . . Kopane (Trustees, late Hon. W. W. Johnston's Estate) Kowhatu Kumeroa Kurow Ladbrook Lake Lakoviow (Brown, Archibald) Lambert (Laidlaw, Alice and Agnes) Lamont (Trustees, J. Lament's Estate) Langdale Lansdowne Leeston (Holley, W.) Lees Valley Lindsay.. Linton Longbush Lyndon No. I .. Lyndon No. 2 . . Lynton Downs Maorowhonua Mahora .. Maluipuku Makaroao and Extension Makowhai (Hall, W. A. J., and MoKelvie, J. F.) Manga-a-toi-o Mangapoiu-i Mangaliahi Manga wliiita Manga who ro Maori Hill Marakoke Marawoka Marawiti Matakanui Matamata Maungaraki Maytown MoGrogor Settlement (lliston, D. and D. P.).. Mead . . Meadowbank Meadows Melling Merrivale Merrivale No. 1 (Public Trustee, agent for Merrivale No. 1 Association) Merrivale No. 2 (Public Trustee, agent for Merrivale No. 2 Association) Mothuon Mills .. Momona Morice Mount Nessing Ngahuhu (Closo, J.; Alexandor, J. G. j Evans, Mrs. K. M.; N eumegen and Mowlem; Bank of New South Wales, Kawakawa) .. : Ngatapa Normandalo Northbank Ohakea Ohauiti Okauia Omaka Omihi Valley Opouriao Orakipaoa Otahu Otaio Otamauri (Bmyley, G. O.) . . Otanomomo Otarakaro Otekaiko 30,994 16 10 488 0 0 2,130 3 9 6 2 2 2 5 11 6 11 5 76 I I II 1 7 7 118 2 1 0 17 6 21 18 7 9 1 7 30 8 11. 39 12 3 2 7 6 20 12 8 35 4 10 3 17 9 13 6 2 4 17 1 3 16 9 18 14 8 32 3 8 38 1 4 497 6 0 569 8 8 134 15 6 7 2 9 133 1 11 19 0 8 53 12 6 45 6 7 40 16 7 27 5 9 117 19 1 217 1 2 418 17 5 75 11 0 12 7 9 97 14 7 2 2 6 17 2 4 32 5 4 256 5 1 12 14 8 16 I 2 2 3 6 128 7 11 4 10 2 5 10 10 10 I 0 21 1 10 9 7 2 11 5 4 0 9 9 29 16 0 6 2 2 2 5 11 6 11 5 76 11 11 1 7 7 118 2 I 0 17 6 21 18 7 9 1 7 30 8 11 39 12 3 30,997 4 4 20 12 8 35 4 10J 3 17 9 13 6 2 4 17 1 491 16 9 2,130 3 9 18 14 8 32 3 8 38 1 4 497 6 0 569 8 8 134 15 6 7 2 9 133 1 11 19 0 8 53 12 6 45 6 7 40 16 7 27 5 9 117 19 I 217 1 2 418 17 5 75 11 0 1.2 7 9 97 14 7 2 2 6 17 2 4 32 5 4 256 5 1 12 14 8 16 1 2 2 3 6 128 7 11 4 10 2 5 10 10 4,092 9 5 21 1 10 9 7 2 11 5 4 0 9 9 29 16 0 378 0 (i 14* 9 9 6 12 7 148 19 8 3 10 5 6 15 8 23 6 0 27 19 0 13 11 8 0 10 11 19 5 3 4,082 8 5 19,027 8 8 17 2 11 17 2 11 15,969 18 5 2 3 3 36 13 4 15 11 2 46 3 3 69 3 4 16 3 7 1 14 7 17 19 II I 16 4 45 12 6 67 12 7 16 3 7 1 14 7 17 19 11 1 16 4 45 12 6 67 12 7 89 12 4 9 4 2 11 11 8 6 16 7 451 13 1 3 18 4 13 3 8 0 3 4 27 1 10 9 8 11 4 0 10 5 13 9 36,005 10 2 517 11 3 13 4 157 13 8 24,925 13 0 82 14 6 10 19 0 8 14 6 13 1 1 11 4 3 8 16 0 13 3 8 24,925 13 0 82 14 6 10 19 0 8 14 6 13 1 I 11 4 3 8 16 0 13 3 8 23 9 2 8 12 5 7 19 9 4 17 6 647 16 9 59 13 6 16 4 56 18 4 23 9 2 8 12 5 7 19 9 4 17 6 647 16 9 59 13 6 1 6 4 56 18 4 329,923 5 11 Carried forward 203,446 6 11 11,963 12 8 215,409 19 7

8.—6.

20

Table No. 1—continued.

1916-1917. RECEIPTS. 1917■1918. £ s. d. 1,182,137 16 2 £ 8. d. £ s. d. 971,657 3 7 Brought forward .•. V» ,182,137 16 2 Carried forward 971 657 3 7

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917-continued.

21

1916-1917. EXPENDITURI 1917-1918. Name of Estate Purchase-money. Incidental Expenses. Total. £ s. d. 329,923 5 11 Brought forward £ s. d. 203,446 6 11 £ s. d. 11,963 12 8 £ s. d. 215,409 19 7 £ s. 124 10 5 30,909 9 4 21 II 6 3 15 6 56 5 4 9 0 3 73 17 0 3 6 4 2 10 9 3 7 6 0 10 8 0 12 0 72 14 2 3 4 0 43 18 8 1,857 9 11 8 17 4 17 15 10 0 10 7 0 II 0 1 7 6 6 7 9 42 3 10 1 18 4 7 0 5 23 17 0 14 4 11 7 18 1 51 16 5 8 12 7 3 5 4 31,519 9 5 12 4 2 28 14 3 3 19 4 2 0 5 8 0 10 305 5 7 50 1 6 2 I 3 Acquirement of Estates, and Exponses incidental thereto- -continued. Otway Pakarau (Kereone Limited) Papaka .. Paparangi Piualii Pareora No. I Pareora No. 2 Parkes (Parkos, H. and G.).. Patoa Pawaho Poaks Pitt Plumor Plunket .. Poerua Poniahaka Poroporo Pouparae Pourerere Proscot Puhipuhi.. .. Piihuka Pukotapu Punaroa Putorino (Hammoud, J.) Rainelifl Rainford Rakitairi.. Rangiatoa Rangitaiki (Rangitaiki Land Drainage Account) Rapuwai Raumati Raureka .. Rautawiri Reynolds (Reynolds, P.) Rowi Richmond Brook Ringway.. Roimata Rosobrook Rosowill Ruapuua No. 2 .. Rugged Ridges Ryder Settlomont (Public Trustoo and Ryder, F. J.) .. Soargill Soafield (Baxter, T., and Asliton Brothers) Seaforth (Ross, D.) Solwyn Sheronden Sherwood Downs Simpson and Hall's Estate (Simpson, A. J.) Smyth Sottloment (Smyth, J.) Spotswood Springhill Stalker (grass-seed) Starborough Stoward St. Helens Stoko Stratum oi-o Streamlands (Perham, R. F.) Studholme Junction Tablelands Tahawai Takitu Tamai Taniwha (Estate of Swanson, G., and Martin, D. K.).. Tapapa (Corry, W.) Tara .. ' Tarawahi Tariki Tauhorenikau Sottlemont (Williams, H. L.) .. Taumata.. Tautari Tawaha .. Teanaraki Te Arai Toasdale To Mata Te Matua 15,000 0 0 36,004 5 0 2,200 0 0 10 6 0 255 I 6 21 1.1 6 7 3 10 55 15 0 8 1.9 6 60 13 7 209 14 I I 14 1 1 16 4 3 I 10 0 12 1 0 9 7 24 9 7 9 2 11 16 13 1 51 9 4 5 2 5 20 5 10 0 6 6 0 II 6 1 2 1 2 2 6 35 I I 6 2,445 2 6 1 18 4 7 9 8 23 17 5 13 11 11 17 2 6 59 6 5 7 11 0 3 7 5 28 10 9 14 0 6 29 I I 7 7 5 5 1 17 2 7 4 6 313 5 6 48 4 0 0 13 8 16 6 0 255 1 6 21 11 6 7 3 10 55 15 0 8 19 6 60 13 7 15,209 14 1 1 14 I 1 16 4 3 1 10 0 12 1 0 9 7 24 9 7 9 2 II 16 13 1 51 9 4 5 2 5 20 5 10 0 6 0 0 11 6 1 2 1 2 2 0 35 11 6 38,449 7 6 1 18 4 7 9 8 23 17 5 13 11 11 2,200 0 0 17 2 0 59 6 5 7 11 0 3 7 5 28 10 9 14 0 6 29 11 7 7 5 5 1 17 2 7 4 6 313 5 0 48 4 0 0 13 8 22 3 8 10,618 0 0 15,552 7 1 91 9 9 82 15 11 123 3 5 7,341 16 4 8,426 5 3 9,341 10 0 20 5 8 122 7 5 131 7 6 48 16 3 73 I 3 220 9 8 8,426 5 3 20 5 8 9,463 17 5 131 7 6 48 16 3 73 I 3 220 9 8 6 3 6 73 5 2 147 5 8 160 13 5 7 11 6 22 11 6 9 13 1 10,713 5 2 1 12 11 474 7 11 1 4 6 31 14 1 2 10 5 11,556 18 6 10 13 0 80 18 1 156 19 11 229 2 5 47 I 2 2 10 6 22 7 9 9 13 0 78 14 4 I 13 0 135 I 0 0 6 1 28 4 10 1 15 10 11,556 18 6 10 13 0 80 18 1 156 19 11 229 2 5 47 1 2 2 10 6 22 7 9 9 13 0 78 14 4 1 13 0 135 I 0 0 6 1 28 4 10 1 15 10 14,728 15 6 15,554 19 0 37 12 2 3 6 6 19 4 0 29 6 8 35 12 9 25 8 4 8 2 8 112 4 1 8 13 5 2 3 9 5 6 3 8,620 0 0 15 6 7 33 4 0 35 3 0 2 6 6 16 3 9 9 3 0 32 16 II 37 2 1 3 1 10 99 10 2 7 12 6 16 I 0 10 3 9 15 6 7 33 4 0 35 3 0 2 6 6 16 3 9 8,620 0 0 9 3 0 32 16 11 37 2 1 3 1 10 99 10 2 7 12 6 16 I 0 10 3 9 471,292 3 0 Carried forward 294,595 5 8 ! 17,542 12 10 312,137 18 6

8.—6.

22

Table No. 1—continued.

1918-1917. RECEIPTS. 1917-1918. £ s. d. ,182,137 16 2 £ s. d. £ s. d. 971,657 3 7 Brought forward V Totals 1,182,137 16 2 £971,657 3 7

23

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

1916-1917. EXPENDITURE. 1917-1918. " £ s. d. 471,292 3 0 . „ . r. l Incidental Name of Estate. Purchase-money. Expenses. £ s. d. £ s. d. Brought forward 294,595 5 8 17,542 12 10 Incidental Expenses. £ s. d. 17,542 12 10 Total. £ s. d. 312,137 18 6 £ s. d. "S 5 9 23 6 6 99 2 3 29 5 1 81,092 7 6 4 2 6 129 5 0 2 8 5 56 16 10 82 11 6 56 11 10 8,744 5 0 26 7 9 478 18 2 2 9 5 4 6 9 34 12 0 69 8 I 371 13 1 27 3 10 10 9 5 38 14 4 9 0 9 6 0 4 97 1 4 6 11 8 I 20 0 3 27,086 15 II 4 5 4 23,704 14 4 6 5 10 40 5 8 8 5 ! I i 17 3 ii 24 0 10 53 11 2 28 13 8 8 0*3 4 0 5 9 0 7 3 0 1 2 0 7 11 0 11 4 0 2 10 0 8 0 0 0 6 0 1 3 Acquirement of Estates, and Expenses incidental thereto — continued. To Miro (Taylor, J„ and Wasbbonrne, R. S.) .. 55,962 13 6 823 1 4 To Puke ..' .. .. .. .. .. 657 Teschemaker . . .. .. .. .. 44 8 1 Teviot (Public Trustee in estate of Roberts, A. F.) 75,000 0 0 117 18 7 Timaunga . . . . . . .. .. 73 7 1 Timaunga Extension .. .. .. ■ • 28 8 (I Tiraumea (Holmes, J. S., C. C. C, and CM.; Powles, J. M.; Howall, R. R.; and Richardson, 10. M. andC. T.) .. .. .. 388 10 0 913 13 10 Tokaora .. .. .. .. ... .. 21113 Tokarahi.. .. .. . . ... .. 48 19 5 Tomoana.. .. .. .. .. .. 2 110 Tnugoio .. .. .. .. .. .. 54 7 1.1 Totara .. .. .. .. .. 39 18 6 Tripp .. .. . . .. j .. 60 8 9 Tututawa (Perry, A. L.) .. .. .. .. 96 14 6 Valverde.. .. .. .. .. .. 28 15 7 Waari .. .. .. .. .. .. I I 15 9 Waddington . . . . .. .. . . 3 3 3 Waiapi .. . . . . .. .. .. 4 16 Waiarikiki .. .. .. .. .. 27 16 5 Waihau .. .. . . . . . . .. 70 1 9 Waikakahi .. .. .. .. .. 363 19 2 Waimana .. . . . . . . .. 23 14 9 Waimarie .. .. .. .. .. 1086 Waimate.. .. .. .. .. .. 25 10 7 Waipapa.. . . .. . . .. ... 9 4 3 Waipuka.. .. .. .. .. .. 664 Waitahuna .. .. .. .. .. 60 I 1 I Waitakaruru .. . . .. .. / .. 7 9 10 Wangapeka .. .. .. . . .. 28 12 4 Watea (Thompson, W. J., and White, F. C.) .. .. 191 3 I I Westcott Settlement (Westeott, W. 0. and R. A.) 20,694 9 0 Wharenui .. .. .. 434 Whisker's Estate (Whisker, J. T. H., and Harper, E.) .. Whitehall .. .. .. .. .. 539 Wigan .. .. .. .. .. .. 44 7 1 I Wiiford .. .. .. .. .. .. 560 Willows .. .. .. .. .. .. 17 4 1 Win's Farm Settlement (Public Trustee) .. 355 0 0 3 3 0 Winchester .. .. .. .. .. 17 15 8 Windsor Park No. 1 .. . . .. .. 27 1 6 Windsor Park No. 2 Wither Run .. .. .. .. .. 58 3 0 Sootions 36056 and 36057 .. . . ) f .. 0 3 4 Section 36469 .. .. .. 059 1862 .. .. ..& .. 074 .. 36226 - .. .. 30791 .. .. s § J .. 0 11 8 36278 .. .. .. "§ 1 .. 0 11 4 36228 .. .. -2 a .. 0 8 6 36231 .. .. .. § .. 080 2682 .. .. « .. 0 10 34430 and 34431 .. ..J I .. 0 2 6 823 I 4 6 5 7 44 8 1 117 18 7 73 7 1 28 8 0 913 13 10 21 11 3 48 19 5 2 11 0 54 7 II 39 18 6 00 8 9 90 14 6 28 15 7 II 15 9 3 3 3 4 I 6 27 16 5 70 1 9 363 19 2 23 14 9 10 8 6 25 10 7 9 4 3 6 0 4 60 III 7 9 10 28 12 4 191 3 II 56,785 14 10 6 5 7 44 8 I 75,117 18 7 73 7 I 28 8 0 1,302 9 II) 21 11 3 48 19 5 2 11 0 54 7 11 39 18 6 60 8 9 96 14 6 28 15 7 11 15 9 3 3 3 4 1 6 27 16 5 70 1 9 363 19 2 23 14 9 10 8 6 25 10 7 9 4 3 6 0 4 60 1 11 7 9 10 28 12 4 191 3 11 20,694 9 0 4 3 4 4 3 4 5 3 9 44 7 II 5 6 0 17 4 1 3 3 0 17 15 8 27 1 6 5 3 9 44 7 11 5 6 0 17 4 1 358 3 0 17 15 8 27 1 6 58 3 0 0 3 4 0 5 9 0 7 4 58 3 0 0 3 4 0 5 9 0 7 4 0 118 0 11 4 0 8 0 0 8 0 0 I 0 0 2 6 0 11 8 0 11 4 0 8 6 0 8 0 0 1 0 0 2 6 614,127 0 6 614,127 0 6 Totals .. .. .. 446,996 4 2 20,932 0 2 446,996 4 2 20,932 0 2 467,928 4 4 6,208 3 9 Annual Appropriation,— Voto 120- -Land for Settlements Expenses 467,928 4 4 6,208 3 9 . •■ 5,484 19 6 8 10 0 New Zealand Loans Act, 1908, — Land Laws Amendment Act, 1913 —■ Charges and Kxpensos 7 2 6 8 10 0 266,904 15 1 266,904 15 I Interest recouping tho Consolidated Fund in respeot of Debentures issued 322,809 6 11 38,153 1 7 State Advances Act, 1913,— Sinking Fund under Section 26 28,216 6 5 38,153 1 7 167 19 0 167 19 0 Interest under Subsection (8) of Seotion 191 of the Land Act, 1908 I 15 3 5 111,568 6 3 145,000 0 0 OKfi KfiU R 9 Land Laws Amondmont Act, 1913, Section 63, —■ Amount transforrod to Land for Settlements Account (Opening up Crown Lands for Sottlomont Account) Unauthorized Expenditure,— Services not provided for Balance at end of Yoar,- — Cash in the Public Account Imprests outstanding— In the Dominion.. Investment Account 81,216 18 8 40,000 0 0 25,872 9 0 111,568 6 3 145,000 0 0 6 12 4 81,223 11 0 256,568 6 3 £1,182,137 16 2 256,568 6 3 Totals £1,182,137 16 2 £971,657 3 7

8.—6

24

Table No. 1— continued.

1916-1917. RECEIPTS. 1917 1918. £ s. d. 17,883 10 1 Balanoe at beginning of Year, — Cash in the Publio Account Imprests outstanding— In the Dominion £ s. d. 32,459 2 7 £ s. d. 3 7 0 32,462 9 7 17,883 10 1 Now Zealand Loans Act, 1908, — Native Land Amendment Act, 1913— Debentures issued 225,000 0 0 279,500 0 0 24,564 14 7 Amount received in respect of Survey Liens 25,980 12 10 25,408 13 10 Rents, &o. 27,807 18 8 3,162 2 8 Land SalOB 19,840 3 1 771 2 1 1,459 14 7 Repayments of Advances by Maori Land Boards under Seotion 274, Native Land Act, 1909,— Principal Interest .. .. .. .. .. .. , .. 1,032 15 7 1,257 15 7 2,290 11 2 2,230 16 8 Totals £352,749 17 10 £333,381 15 4 XOOO,OOi ±u * STATEM ENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTL1 IMENTS ACCOUNT (Opening £ s. d. 17,964 10 5 v £ s. d. ! £ s. d. 638 18 9 Balance at beginning of Year, — Cash in the Public Account 15,385 10 6 Land Laws Amendment Aot, 1913, — Revenue reeoived undor Section 63 .. Amount set aside from Land for Settlements Aooount undor Section 63 14,935 10 10 40,000 0 0 V* Totals £33,350 6 11 £55,574 15 7 STATEMENT of the RECEIPTS and EXPENDITURE of the CON^ NVERSION ACCOUNT fo: VER! £ s. d. 0,482 8 5 2,005 6 9 Balance at beginning of Year, — Cash in the Publio Aooount Advances in the hands of Stock Agents— Cash £ s. d. £ s. d. 0,083 6 5 2,019 14 4 £ 0,083 2,019 8,103 0 9 8,547 15 2 Now Zoaland Loans Act, 1908, — 4-per-oent. Inscribed Stock, 1943-63 issue— Issued for conversion on aooount of £3,500,000 Loan — Debentures under Now Zealand State-guaranteed Advances Acts, 1909-10— Advances to Settlers Branch .. .. .. .. .. .. ! 303 0 0 £8,103 0 9 Totals £8,850 15 2

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the NATIVE LAND SETTLEMENT ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

4—B. 6.

25

1916-1917. EXPENDITURE. 1917-1918. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 2,090 3 11. Voto 123—Native-land Purchase Expenses .. .. .. .. .. .. 2,081 9 1 Expenditure under the Aot, — 34,153 8 1 Lands Department .. .. '.. .. .. 30,699 17 9 230,404,16 4 Native Department .. .. .. .. .. .. .. 192,692 11 7 . 223,392 9 4 264,618 4 5 53,573 9 5 ntercst recouping the Consolidated Fund in respect of Debentures issued .. .. 04,879 6 8 53,573 9 5 New Zealand Loans Act, 1908, — Native Land Amendment Act, 1913— 5 10 6 Charges and Expenses .. .. .. .. .. .. .. .. 14 0 5 10 6 t Balanoe at end of Year, — 32,459 2 7 Cash in the Publio Aocount ., .. .. .. .. .. 33,452 3 8 Imprests outstanding— 3 7 0 In tho Dominion .. .. .. .. .. .. .. 9,575 2 1 43,027 5 9 32,462 9 7 33,452 3 8 32,459 2 7 3 7 0 9,575 2 1 32,462 9 7 £352,749 17 10 £352,749 17 10 Totals .. .. .. .. .. .. .. £333,381 15 4 £333,381 15 4 ip Crown Lands for Settlement) for the Yoar ended 31st Maboh, 1918, compared with the Finanoial Year ended 31st Maech, 1917. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 24,730 8 10 Vote 121—Roads to open up Lands for Settlement .. .. ., .. .. 43,995 19 0 7,980 19 4 Interest recouping the Consolidated Fund in respeot of Debentures issued .. .. 7,980 19 4 V Balanoe at end of Year, — 638 18 9 Cash in the Publio Aocount .. .. .. .. .. .. .. 3,597 17 3 £33,350 6 11 Totals .. .. .. .. .. .. .. £55,574 15 7 O,HHI XI o it £55,574 15 7 £55,574 15 7 the Year ended 31 he Year ended 31st Maech, 1918, oompared with the Finanoial Year ended 31st Maech, 1917. £ s. d. 444 14 5 £ s, d. Bxpenses Aooount, — £ s. d. £ s. d. 444 14 5 Rent and Office Expenses .. .. .. .. .. .. .. .. 365 3 3 £ s. d. £ s. d. 365 3 3 303 0 0 Scrip and Debentures converted into 4-per-cont. Inaoribed Stock, 1943-63 issue, — New Zealand State-guaranteed Advanoes Aots, 1909-10 — 303 0 0 Advanoes to Settlers Branch Balanoe at end of Year, — 6,083 6 5 Cash in the Public Account .. .. .. .. .. .. 6,083 6 5 Advances in the hands of Stock Agents— 2,019 14 4 Cash .. .. .. ' .. .. .. .. .. .. 1,654 11 1 — 7,737 17 6 « ma n ci 6,083 6 5 6,083 0 5 2,019 14 4 1,654 11 1 8,103 u 9 £8,850 15 2 Totals .. .. .. .. .. .. .. £8,103 0 9 8,103 0 9 £8,850 15 2 £8,103 0 9

8.—6

Table No. 1- continued.

26

1916-1917. RECEIPTS. 19171918. £ s. d. 199,159 18 6 336,645 18 3 515,831 3 9 Balance at beginning of Year, — Cash in the Public Account Imprests in the hands of Officers of the Government.. In London Investment Account £ s. d. 1,327,473 12 9 312,287 13 2 644,541 14 8 2,278,459 2 2 £ s. d. 4,562,762 2 9 1,051,636 15 6 New Zealand Loans Act, 1908, and Amendment Aot, 1915, — War Purposes Loan Act, 1917, and War Purposes Loan Act, 1917 (No. 2) — £ 4J-per-cent. War Bonds issued on aocount of £28,000,000 Loan 4,497,200 Advance by Imperial Government on Security of Memorandum of Security (part of £28,000,000 Loan) .. .. .. 4,830,000 9,327,200 0 0 New Zealand Inscribed Stock Act, 1917, — 4i-per-cent. Inscribed Stock issued on account of £28,000,000 "Loan .. .. .. .. .. .. 6,310,075 Inscribed Stock issued on account of £28,000,000 Loan (Death Duties) .. .. .. .. .. 829,525 7,139,600 0 0 Finance Act, 1917, Section 68,— . 5-per-cent. War Bonds issued on account of £28,000,000 Loan 1,542,500 0 0 New Zealand Loans Aot, 1908, — Finance Act, 1910 (Section 86)— Amount received on acoount of £16,000,000 Loan Amount received on account of £16,000,000 Loan under New Zoaland Loans Amendment Act, 1915, and Finance Act, 1916 (Seotion 37) 18,009,300 0 0 1,120,000 0 0 LO,122,050 0 0 312,500 0 0 1,432,500 0 0 .0,122,050 0 0 New Zealand Loans Acts, 1908 and 1915, and Amendments, — Finance Aots, 1916, and Appropriation Act, 1917 (Section 27)— 4J-per-oent. War Bonds issued on account of £16,000,000 Loan 17,900 0 0 77,682 15 11 6,564 17 6 Publio Revenues Amendment Aot, 1915 (No. 2), (Section 6), — Amount received for Remittances to Soldiers Remittances received from Soldiers 132,244 2 6 7,258 8 5 139,502 10 11 84,247 13 5 5,4.05 0 2 Contributions, &c, received towards War Expenses Fund 1,157 4 0 »,-■» New Zealand Loans Aot, 1908, — Finanoe Aot, 191.6 (Section 35)— Memorandum of Security issued to. Imperial Government in respect of War Advances (part of £16,000,000 Loan) 4,500,000 0 0 3,970,000 0 0 New Zealand Loans Aot, 1908, — Publio Revenues Amendment Act, 1915 (Section 5) — Amount reooived on aooount of £10,000,000 Loan Securities issued to oovor Expenses of raising £800,000 (part of £10,000,000 Loan) formerly advanced on security of Reserve Fund Securities 20,839 19 5 3,990,839 19 6 New Zealand Loans Aot, 1908, — Memorandum of Security issued at per cent, in respect of War Advances in replacement of 3J per cent, security cancelled owing to conversions as per contra— Public Revenues Amendment Act, 1915 (Section 5) — Publio Revenues Amendment Act, 1915 (No. 2), (Section 2) 303,030 0 2 2,067,410 19 0 Treasury Bills issued at 3J per cent, and 4J per cent, in respect of War Advances in replacement of Treasury Bills at 3A per cent, cancelled owing to conversions as per contra— Public Revenues Amendment Act, 1915 (No. 2), (Seotion 9), and Publio Revenues Amondmont Act, 1914 (Section 8) .. 37,852 4 2 Charges and Expenses, being amounts representing discount on War Advances now reduced owing to conversion by Imperial Government of 80 per cent. of loan repayable at the rate of £100 for every £95 advanced, into loan repayable at the rate of £100 for every £99 advanced— Public Revenues Amendment Aot, 1915 (No. 2), (Section 9), and Public Revenues Amendment Aot, 1914 (Seotion 8) Publio Revenues Amendment Aot, 1915 (Seotion 5), and Public Revenues Amendment Act, 1915 (No. 2), (Section 2) 12,759 3 3 50,611 7 5 I Totals £24,163,121 17 8 £22,175,232 1 1

27

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the WAR EXPENSES ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

1916-1917. EXPENDITURE. 1917 1918. £ s. d. £ s., d. £ ?. d. 9,639,955 10 4 Expenditure undor Section 8 of the Public Revenues Amendment Act, 1914 (War Purposes) 12,168,799 8 2 4,500,000 0 0 Refund to War Offioe on account of maintenance of New Zealand troops in field loess Paymaster's advances for January, February, and March, 1917, at £65,000 per month, not deduoted from the sum of £4,500,000 paid to War Office for maintenance of troops in March, 1917 4,830,000 0 0 4,635,000 0 0 195,000 0 0 39,871 9 10 7,017 17 3 Public Revenues Amendment Aot, 1915 (No, 2), (Section 6),-~ Remittances to Soldiers Remittances from Soldiers.. .. .. .. .. 120,058 18 5 4,753 11 6 124,812 9 11 46,889 7 1 4 10 0 Pay-warrants Aooount 3 0 0 129,245 0 6 Expenditure under Section 6 of the Public Revenues Amondmont Act, 1915 (Relief Purposes) .. .. .. .. .. .. 11,492 14 8 54,482 3 5 Now Zoaland Loans Act, 1908, — Charges and Expenses of raising Loans — Finanoe Aot, 1916, and New Zealand Loans Amendment Act, 1915 Finanoe Act, 191.6 (Section 35) .. Finance Act, 1916, and Appropriation Aot, 1917 (Seotion 27), and New Zealand Loans Amendment Act, 1915 War Purposes Loan Aot, 1917, and New Zealand Loans Amendment Aot, 1915 Public Revenues Amendment Act, 1915 (Section 5).. 184 2 0 0 16 0 73,611 19 3 0 10 6 73,426 10 9 20,840 14 5 e_i 75,322 17 10 800,000 0 0 Repayment of temporary advanoes obtained on security of the Reserve Fund Securities New Zoaland Loans Act, 1908, — Memorandum of Security at 8J por oout. in respect of War Advances now cancelled owing to conversion by Imperial Government of 80 per cent, of loan repayable £100 for eaoh £95 advanced, into loan repayable £100 for oach £99 advanced— Public Revonues Amendment Act, 1915 (Seotion 5) — Publio Revenues Amendment Aot, 1915 (No. 2), (Section 2) .. .. 315,789 9 5 Treasury Bills at 3$ par cent, in rospect of War Advances cancolled owing to conversion by Imporial Government as above — Public Rovonuos Amondmont Act, 1915 (No. 2), (Section 9)— Public Revonues Amendment Act, 1914 (Section 8) 2,105,263 3 2 1,327,473 12 9 312,287 13 2 644,541 14 8 2,278,459 2 2 4,562,762 2 9 Balance at ood of Year, — Cash in the Publio Aocount Imprests in tho hands of Officers of the Government In London .. .. .. Investment Aocount 2,062,309 19 4 545,360 3 4 1,320,677 19 8 3,221,054 3 4 7,149,402 5 8 Totals £22,175,232 1 1 £24,163,121 17 8

8.—6

Table No. 1—continued.

28

1916-1917. RECEIPTS. 1917-1918. 1916-1917. £ s. d. Balanoe at beginning of Year, — £ s. d. £ s. d. 8,474 12 0 Cash in the Publio Acoount .. .. .. .. .. •• ■• 9,699 9 7 £ s. d. 8,474 12 0 10,759 9 7 8,548 0 7 323 5 3 Reoeipts under Seotion 5 of the Hauraki Plains Aot, 1908, — 10,759 9 7 Rents .. .. .. .. .. .. .. .. •• 8,784 1 4 8,548 0 7 Land Sales .. .. .. .. .. .. .. •• 8,822 12 6 323 5 3 Miscellaneous .. .. .. .. .. .. .. ' •• 647 18 2 19,630 15 5 1 18,251 12 0 III R'0.n 15 r. 19,630 15 5 £28,105 7 5 £28,105 7 5 Totals .. .. .. .. .. .. £27 54 1 7 STATEMENT of the RECEIPTS and EXPENDITURE of tho NATIONAL ENDOWMENT £ s. d. Balanoe at beginning of Year, — £ s. d. £ b. d. 87,827 7 Oi Cash in the Public Aocount .. .. .. .. .. .. .. 100,492 13 10 111,390 17 6 Rents, &o., from National Endowment Lands .. .. .. .. .. .. 114,121 6 11 £199,218 4 6 Totals .. .. .. .. .. .. .. £214,614 0 9 £199,218 4 6 STATEMENT of the RECEIPTS and EXPENDITURE of the WORKERS' DWELLINGS trji j £ s. d. Balanoe at beginning of Year, — £ s. . £ s. d. 30,717 16 1 Cash in the Publio Account .. .. .. .. .. .. .. 46,477 1 1 Prooeeds of sale of Workers' Dwellings under Seotion 16 of the Workers' Dwellings 15,759 5 0 Aot, 1910 .. .. .. .. .. .. .. .. .. 18,056 8 9 £46,477 1 1 Totals .. .. .. .. .. .. .. £64,533 9 10 £64,533 9 10 STATEMENT of the RECEIPTS and EXPENDITURE of the MINING ADVANCES ADVANCES £ ii. d. Balanoe at beginning of Year, — £ s. d. £ s. d. 525 17 0: Cash in the Public Acoount .. .. .. .. .. .. .. 7,080 5 5 £ s. d. 7,080 5 5 1,101 18 5 | Interest on Advancos .. .. .. .. .. .. .. .. 15 16 11 15 16 11 Repayment of principal,— Buchanan and Party .. ... .. .. .. .. .. 25 0 0 6,500 0 0 : Ross Goldfields Reoonstruotod (Limited) 50 0 0 W. Buchanan, G. W. Teasdalo, and G. Williamson .. 25 0 0 _— _ 25 0 0 6,550 0 0 £8,177 15 6 Totals .. .. .. .. .. .. .. £7,121 2 4 £8,177 15 5 £7,121 2 4

8.—6

29

STATEMENT of the RECEIPTS and EXPENDITURE of the HAURAKI PLAINS SETTLEMENT ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

1916-1917. EXPENDITURE. 1917- £ a. d. £ s. d. Expenditure under Section 5 of tho Hauraki Plains Act, 1908, and Section 93 of the Resorves and other Lands Disposal and Publio Bodies Empowering 13,936 14 0 Act, 1916.. EXPENDITURE. -1918. £ s. d. 22,151 9 7 ■1918. £ s. d. 22,151 9 7 4,469 3 4 ! Interest recouping the Consolidated Fund iu respeot of Debentures issued Balanoo at ond of Year,— 9,699 9 7 OaBh in tho Publio Aooount .. .. £28,105 7 5 Totals .. •.. 4,437 10 0 1,365 2 0 £27,954 1 7 4,437 10 0 1,365 2 0 £27,954 1 7 ACCOUNT for the Year ended 31st Maech, 1918, compared with the Finanoial Year ended 31st Makch, 1917. £ s. d. £ s. d. £ s. d. 91,938 2 2 £ s. d £ s. d. 105,789 15 4 91,938 2 2 Expenditure under the Land Aot, 1908 105,789 15 4 Annual Appropriation,— 6,737 6 Vote—Roads to open up National-endowment Lands I 6,787 6 Balanoe at end of Year, — 100,492 13 10 Cash in the Publio Aooount .. .. .'. 100,492 13 10 108,824 5 5 108,824 5 5 £199,218 4 6 Totals £214,614 0 9 ACCOUNT 'or the Year ended 31st Makch, 1918, oompared with the Finanoial Year ended 31st Maech, 1917. £ s. d. Balance at end of Year— £ s. d. 46,477 1 1 Cash in the Publio Aocount .. .. .. .. .. .. 39,538 9 10 Investment Aooount .. .. .. .. .. .. .. 25,000 0 0 £ s. d. £ s. d. 64,533 9 10 64,533 9 10 £16,477 1 1 Totals £64,533 9 10 £64,533 9 10 ACCOUNT ' or the Yoar ended 31st Maech, 1918, oompared with the Finanoial Year ended 31st Maech, 1917. Maech, 1917. £ s. d. 847 10 0 Interest recouping tho Consolidated Fund in respect of Debentures issued £ s. d. £ s. d. 1,322 10 0 150 0 0 Advanoes, — W. Buohanan, G. W. Teasdale, and G. Williamson .. 100 0 0 State Advanoes Aot, 1913, Seotion 26,— Sinking l?und 7,080 5 5 Balanoe at end of Year,— Cash in the Public Aocount 5,798 12 4 £8,177 15 5 Totals £7,121 2 4

B.—6

30

Table No. 1—continued.

1916-1917. 1 RECEIPTS, 1917-1918. £ s. d. Balance at beginning of Year,— £ s. d, £ s. u. 5,835 6 0 Cash in the Publio Aooount .. .. .. .. .. .. .. 1,175 17 9 New Zealand LoanB Act, 1908, — Rangitaiki Land Drainage Amendment Aot, 1913, and Finance Act, 1917 I (Section 81) — Debentures issued .. .. .. .. .. .. .. 20,000 0 0 Rangitaiki Land Drainage Amendment Aots, 1913 and 1914 — 17,000 0 0 Debentures issued .. .. .. .. .. .. .. 2,000 0 0 , 22,000 0 0 17,000 0 0 Rangitaiki Land Drainago Aot, 1910, — Compensation for land taken (Soction 8) .. *.. .. .. .. 2,200 0 0 10 2 8 Roeoipts, &o. .. .. .. .. .. .. .. .. 6 15 0 1 1 2,206 15 0 16 2 8 Rangitaiki Land Drainage Amondmeut Act, 1913 (Seotion 6), — i Rato Acoount .. .. .. .. .. .. .. .. .. 120 8 6 Temporary transfer from the Consolidated Fund in terms of Section 56 of the Public Revenues Act, 1910 .. .. .. .. .. .. .. .. 7,500 0 0 £22,851 8 8 £22,851 8 8 Totals .. .. .. .. .. .. .. £33,003 1 3 £33,003 1 3 STATEMENT of the RECEIPTS and EXPENDITURE of the BANK OF NEW ZEALAND ACTS 1903 and ... £ b. d. £ s. d. s. d. Balanoo at boginning of Year, — 875,000 0 0 1 Investment Aooount .. .. .. .. .. .. .. ... 875,000 0 0 £875,000 0 0 Totals .. .. .. .. .. .. .. .. Wi.OOO 0 0 •u* STATEMENT of the RECEIPTS and EXPENDITURE of the RESERVE FUND ACCOUNT £ s. d. £ a. d. £ b. d. Balanoo at beginning of Year, — 800,000 0 0 Investment Aooount .. .. .. .. .. .. .. .. 800,000 0 0 • £800,000 0 0 Totals .. .. .. .. .. .. .. £800,000 0 0 £800,000 0 0 STATEMENT of tho BBOBIPTS and EXPENDITURE of the NEW ZEALAND CONSOLS £ 8 _ a, £ s. d. £ s. d. Balanoo at boginning of Year, — 100 14 0 Gash in Deposit Account .. .. .. .. .. •■ •• 106 14 0 475,885 0 0 Investment Aooount .. .. .. .. •• •• •• 475,885 0 0 ! 1 175,991 14 0 475,991 14 0 £475,99114 0 Totals .. '.. .. .. .. .. .. £475,991 14 0 £475,991 14 0 £475,991 14 0

8.—(5

STATEMENT of the RECEIPTS and EXPENDITURE of the RANGITAIKI LAND DRAINAGE ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

31

1916-1917. EXPENDITURE. 1917-1918. 1916-1917. 19171918. £ a. d 18,207 19 6 £ a. d £ s. d. £ s. d. 18,207 19 6 Expenditure undor tho Aot .. .. .. .. .. .. .. .. 16,572 13 11 £ s. d. £ s. d. 16,572 13 11 Annual Appropriation,— Vote 124 —Rangitaiki Land Drainage Expenses .. .. .. .. .. 4,659 17 2 4,659 17 2 New Zealand Loans Act, 1908,— Charges and Expor.sos— Rangitaiki Land Drainage Amendment Act, 1913, and Finance Act, 1917 (Section 81) .. .. .. .. .. .. .. .. 0 3 0 0 17 6 Rangitaiki Land-drainago Amendment Acts, 1913 and 1914 .. .. .. 0 10 6 0 14 0 0 3 6 0 10 6 0 17 6 0 14 0 0 17 0 0 17 6 Tomporary transfer from the Consolidated Fund in terms of Section 56 of the Public Revenues Act, 1910, now restored .. .. .. .. .. .. 7,500 0 0 7,500 0 0 3,356 0 5 Interest recouping the Consolidated Fund in respect of Debentures issued 3,356 0 5 Rangitaiki Land Drainage Amondment Aot, 1913 (Section 6), — 1.10 13 6 Rate Account: Refund of Rates colleoted 1.10 13 6 Balanoe at ond of Year, — 1,175 17 9 Cash in tho Publio Acoount .. .. .. .. .. .. .. 4,269 1G 2 4,209 1G 2 1,175 17 9 £22,851 8 8 Totals .. .. .. .. .. .. .. £33,003 1 3 £22,851 8 8 £33,003 1 3 1913 ACCOUNT for the Year ended 31st March, 1918, oompared with the Finanoial Year ended 31st March, 1917. 913 ACCOU1 £ s. d. £ s. d. £ s. d. Balanoe at end of Year,— 875,000 0 0 Investment Aocount .. .. .. .. .. .. .. .. 875,000 0 0 £ s. d. 875,000 0 0 £875,000 0 0 Totals .. .. .. .. .. .. .. £875,000 0 0 £875,000 0 0 '«•* for the Year ended 31st March, 19.18, oompared with the Finanoial Yoar ended 31st March, 1917. £ s. d. j £ s. d. : £ s. d. Balanoe at end of Year,— 800,000 0 0 Investment Account .. .. .. .. .. .. .. .. 800,000 0 0 £800,000 0 0 Totals .. .. .. .. .. .. .. .£800,000 0 0 __ £800,000 0 0 —i ; __ > — — — ACCOUNT for the Year ended 31st March, 1918, oompared with the Financial Yoar ended 31st March, 1917. £ s. d. £ s. d. £ s. d. £ s. d. Balanoe at end of Year, — 100 14 0 Cash in Deposit Aocount .. .. .. .. .. .. .. 6 14 0 475,885 0 0 Investment Account .. .. .. .. .. .. .. . 475,985 0 0 47.1.091 14 fl 475,991 14 0 410,uai 14 u £475,991 14 0 Totals .. .. .. .. .. .. .. £475,991 14 0 £475,991 14 0

8.—6

Table No. 1—continued.

32

1916-1917. RECEIPTS. 1917-1918. £ s. d. £ s. d. £ s. d. Balanco at beginning of Year, — 2,676 3 8 Cash in the Publio Aooount .. .. .. .. .. .. 11,178 2 2 Imprests outstanding— 18 0 1 In the Dominion ■ : 11,178 2 9 2,694 3 9 i 10,889 1 10 Sale of Kauri-gum ... .. .. .. .. .. .. .. .. 28,120 19 2 I New Zealand Loans Aot, 1.908, — Kauri-gum Industry Amendment Act, 1914 — 15,000 0 0 Debentures issued .. .. .. .. £28,583 5 7 Totals .. .. .. .. .. .. .. £39,299 1 4 1§ STATEMENT of the RECFoIPTS and EXPENDITURE of tho SWAMP LAND DRAINAGE £ s. d. £ s. d. I £ s. d. Balanoe at beginning of Year, — Cash in the Publio Account .. .. .. .. .. .. .. 4,435 6 8 New Zealand Loans Act, 1908, — Swamp Drainage Act, 1915— 11,000 0 0 Debentures issued .. .. .. .. .. .. .. .. 10,000 0 0 £11,000 0 0 £11,000 0 0 Totals .. .. .. .. .. .. .. £14,435 6 8 £14,435 6 8 £ s. d. 1 STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION £ s. d. £ s. d. | £ s. d. j 333 3 5 Balance at beginning of Year, — 333 3 5 Cash in the Public Acoount .. .. .. .. .. .. .. 114 4 11 ] i New Zealand Loans Aot, 1908, — New Zealand Inscribed Stock Act, 1917 — 4J-per-oenl. Inscribed Stock, 1938, issued in conversion of War Bonds, as per contra .. .. .. .. .. .. .. .. .. 1,930,950 0 0 ] Dcbontures issued for Redemption of Debentures, — New Zealand Loans Act, 1908 — Government Railways Act, 1908 (Railways Improvement Authorization Acts, 1904-7), due 30th June, 1917 .. .. .. .. .. 1,000 0 0 Govornmont Railways Amendment Act, 1910, duo 1st January, 1918 .. j 200 0 0 Land for Settlements Act, 1908, due 1st January. 1918 .. .. .. 24,500 0 0 Maori Land Settlement Aot, 1905, due 1st January, 1918 .. .. .. 9,525 0 0 Now Zealand Stafe-guarantoed Advances Acts, 1909 -10 — Landfor Settlements Branch, due 1st April, 1917 .. .. .. 39,500 0 0 1,100 0 0 Land for Settlements Act, 1908, due 1st August, 1915 3,700 0 0 Land for Settlements Act, 1908, due 1st January, 1916 2,500 0 0 Land for Settlements Act, 1908, duo 1st May, 1910 .. .. .. 400 0 0 Land for Settlements Act, 1908, due 30th September, 1916 Do ] 1,100 0 0 3,700 0 0 2,500 0 0 400 0 0 7,700 0 0 7,700 0 0 '333 3 5 Carried forward .. .. .. .. . . .. 74,725 0 0 1,931,064 I II 333 3 5

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the KAURI-GUM INDUSTRY ACCOUNT for the Year ending 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

s—B. 6.

33

1916-1917. EXPENDITURE. 1917-1918. 1916-1917. [ £ 8. d. £ s, d. ' £ s. d. 1.6,994 19 6 Expenditure under the Aot .. .. .. .. .. .. .. .. 18,368 1 1 £ s. d. 1.0,994 19 6 Unauthorized expenditure— 409 13 5 Services not provided for .. 409 13 5 New Zealand Loans Act, 1908, — Kauri-gum Industry Amendment Aot, 1914 — 0 10 6 Charges and Expenses 0 10 6 Balanco at end of Year, — 1.1,178 2 2 Cash in the Public Account .. .. .. .. .. .. 20,755 8 7 Imprests outstanding— In the Dominion .. .. .. ,. .. .. .. 175 11 8 11,178 2 2 — 20,931 0 3 11.178 2 2 11,178 2 2 xi, ±.r> & z £28,583 5 7 £28,583 5 7 Totals .. .. .. .. .. .. .. £39,299 1 4 £39,299 1 4 .CCOUNT for the yoar ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917. £ s. d. Expenditure under Seotion 4 of tho Swamp Drainage Aot, 1916, and Seotion 96 of the £ s. 6. £ s. d. 6,035 15 2 Reserves and other Lands Disposal and Publio Bodies Empowering Aot, 1916 .. .. 9,046 12 9 £ s. d. 9,046 12 9 New Zealand Loans Act, 1908, — Swamp Drainage Act, 1.915— 0 7 0 Charges and Expenses .. .. .. .. .. .. .. .. 070 0 7 0 Unauthorized expenditure,— 528 11 2 Services not provided for Balance at end of Year, — 4,435 6 8 Cash in the Public Account .. .. .. .. .. .. 3,170 12 8 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 2,217 14 3 5,388 6 11 5,388 6 11 £11,000 0 0 £11,000 0 0 Totals .. .. .. .. .. .. .. £14,435 6 8 £14,435 6 8 "W* "W* ACCOUNT for ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917. it March, 1917. £ s. d. £ s. d. £ s. il. £ s. d. War Bonds converted into 4|-per-cent. Inscribed Stock, 1938, under Section 3 of the New Zealand Inscribed Stock Act, 1917, — New Zealand Loans Act, 1908, and Amendment Act, 1915, and Finance Act, 1.916, Section 37— Finance Act, 1916, Section 35— Due 1st September, 1930 .. .. .. .. .. .. 448,800 0 0 Duo 1st Septombor, 1941 .. .. .. .. .. .. 1,482,150 0 0 1,930,950 0 0 £ s. ii. £ s. d. 448,800 0 0 1,482,150 0 0 1,930,950 0 0 Debentures redeemed, — New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1910, due 1st Juno, 1922 .. 238 15 8 Government Railways Act, 1908 (Railways Improvement Authorization Acts, 1904-7), due 80th June, 1917.. .. .. .. .. .. 1,000 () 0 Government Railways Amendment Act, 1910, due 1st January, 1918 .. 200 0 0 Land for Settlement's Act, 1.908, duo 1st January, 1918 .." .. .. 24,500 0 0 Land for Settlements Act, 1908, duo 1st Juno, 1922 .. .. .. 47 5 0 Maori Land Sottloment Act, 1905, due 1st January, 1918 .. .. ., 9,525 0 0 Naval Defence Aot, 1909, due 1st June, 1922 .. .. .. .. 1,203 18 9 Now Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers Branch, due 1st June, 1922 .. .. .. 109 12 6 Advances to Workers Branch, due 1st Juno, 1.922 .. .. .. 4 2 6: Land for Settlements Branoh, due 1st April, 1917 .. .. .. 39,500 0 0 238 15 8 1,000 0 0 200 0 0 24,500 0 0 47 5 0 9,525 0 0 1,203 18 9 109 12 6 4 2 6 39,500 0 0 Carried forward .. .. .. .. .. .. 76,328 14 5 1,930,950 0 0 1,930,950 0 0 70,328 14 5 ___ ] I I

8.—6

34

Table No. 1—continued.

1916 i« 1 7. 1916 i« 1 7. RECEIPTS. 1917-1918. I £ s. d. 333 3 5 £ s. d. 333 3 5 Brought forward £ s. d. £ s. d. 74,725 0 0 ■ 1,931,064 4 11 7,700 0 0 395,400 0 0 135,000 0 0 33,000 0 0 10,000 0 0 9,850 0 0 5.000 0 0 i 5,400 0 0 205,000 0 0 10,000 0 0 8,000 0 0 824,950 0 0 7,700 0 I) 395,400 0 0 135,000 0 0 33,600 0 0 10,000 0 0 9,850 0 0 5.000 0 (I 5,400 0 0 Debentures issued for Redemption of Debentures— continued. New Zealand Loans Act, 1908 — continued. Land for Settlements Act. 1908, duo 1st January, 1917 Land for Settlements Act, 1908. due 1st February, 1917 Aid to Public Works and Land Settlement Act, 1900, due 1st May, 1916 Aid to Public Works and Land Sottloment Act, 1901, due 1st December, 1916 Aid to Public Works and Land Settlement Act, 1903, due 1st January, 1916 .. Aid to Public Works and Land Settlement Act. 1906, due 1st January, 1917. . Government Railways Act, 1908, and Finanoe Aot, 1909, due 1st Februiry, 1917 New Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers l'rn.neli, due 1st December, 1916 Land Laws Amendment Act, 1918, duo 31st March, 1916 Land Laws Amendment Act, 1913, duo 22nd July, 1916 205,000 0 0 10,000 0 0 8,000 0 0 — 1 74,725 (I 0 824,950 0 0 V 30,000 l» 0 62,000 0 0 40,600 0 0 400 0 0 1,500 0 0 59,600 0 0 50,000 0 0 100,00(1 0 0 10,000 0 0 30.709 0 0 24,490 0 0 3,300 0 0 1(10 0 0 53,l!50 0 0 Debentures issued in Renewal, —■ New Zealand Loans Aot, 1908 — Aid to Publio Works and Land Settlement Act, 1902, due 1st December, 1917, ronewod to 1st December, 1922 Aid to Publio Works and Land Settlement Act, 1914, due 1st February, 1917, renewed to 1st February, 1918 Aid to Public Works and Land Sottlemont Act, 1914, duo 1st February, 1.918, renewod to 1st February, 1923 Defence and other Purposes Loan Act, 1870, duo 1st July, 1917, renewed to 1st July, 1922 .. .. .. .. .. Government Railways Aot, 1908 (Railways Improvement Authorization Acts, 1904-7), duo 30th'June, 1917, ronewod'to 30th Juno, 1922 Government Railways Amendment Art, 1910, due 1st January, 1918, renewod to 1st January, 1923 Land for Settlements Act, 1908, due 1st January, 1918, renewod to 1st January, 1923 Local Bodies' Loans Act, 1.908, duo 1st March, 1918, renewed to 1st March, 1923 Maori Land Sottlement Act, 1905, duo 1st January, 1918, ronewod to 1st January, 1923 Native Land Purchase Act, 1892, due 31st October, 1917, renewed to 31st October, 1922 New Zealand State-guaranteed Advances Acts, 1909-10 — Advanoes to Settlers Branch, duo 23rd October, 1917, renewed to 23rd October, 1922 Land for Settlements Branch, due 31st October, 1917, renewod to 31st October, 1922 Public Revonues Act, l910(Roserve h'undSecuritios Act, 1907), due 1st August, 1917, renewed to 1st August, 1922 Coal-mines Act, 1908, duo 1st April, 1916, renewod to 1st April, 1921 Land for Settlements Act, 1908, due 1st April, 1916, renewod to 1st April, 1921 Land for Settlements Act, 1908, due 1st May, 1916, renewed to 1st May, 1921 Land for Settlements Act, 1908, due 30th September, 191.6, renewed to 30th September, 1921 Land for Settlements Act, 1908, duo 1st January, 1917, renewed to 1st January, 1924 Aid to Public Works and Land Settlement Act, 1900, duo 1st May, .1.916, renewed to 1st May, 1921 Aid to Public Works and Land Settlement Act, 1908, due 1st April, 1916, renewed to 1st April, 1921 Aid to Public Works and Land Settlement Act, 1914, duo 1st Fobruary, 1916, renewod to 1st February, 1917 Scenery Preservation Act, 1908, due 1st November, 1916, renewed to 1st November, 1921 Hutt Railway and Road Improvement Acts, 1903, 1905, and 1907, due 1st February, 1917, renewed to 1st February, 1922. . Hutt Railway and Road Improvement Act, 1910, due 1st February, 1917, renewed to 1st February, 1922 Government Railways Aot, 1908, due 1st February, 1917, renewed to 1st February, 1922 Government Railways Aot, 1908, and Finanoo Aot, 1909, due 1st February, 1917, renewed to 1st February, 1922 .. .. .. .. '.. Government Railways Amendment Act, 1910, duo 1st February, 1917, renewed to 1st February, 1922 128,000 0 0 .100,000 0 0 100,000 0 0 25,000 0 0 16,0011 0 0 51,440 0 0 57,375 0 0 416,000 (I 0 28,450 0 0 125,000 0 0 750,000 0 0 814,766 0 0 8(10,000 0 0 466,040 0 0 3,412,031 0 0 1,291,323 3 5 1,291,323 3 5 Carried forward 5,417,820 4 11

B.—6.

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

1916-1917. EXPENDITURE, EXPENDITURE, 1917-19: 1917-1918. 118. £ s. d. Brought forward .. Doboutures redeemed — continued. New Zealand Loans Act, 1908 — continued. Public Revenuos Amondmont Act, 1914, Soctiou 8 (War Expenses), due 1st Juno, 1922 Public Revonues Amendment Act, 1915, Section 5 (War Expenses), due 1st Juno, 1922 .. .. .. .. 1,100 0 OJ Land for Settlements Act, 1908, due 1st August, 1915 3,800 0 0 I Land for Settlements Act, 1908, due 1st January. 1916 2,500 0 0 Land for Settlements Aot, 1908, due 1st May, 1916 400 0 0 Land for Settlem-nts Aot, 1908, due 30th September, 1916 3115,400 0 0 Land for Settlements Act, 1908, due 1st January, 1917 135,000 0 0 Land for Settlements Act, 1908, due 1st February, 1917 .. 33,600 0 0 Aid to Publio Works and Land Settlement Aot, 1900, due I si Mi y, 1916 10,000 0 0 Aid to Publio Works and Land Settlement Act, 1901, due 1st December, 1916 9,850 0 0 Aid to Public Works and Land Sottloment Act. 1903, duo 1st January, 1910 .. 5,000 0 0 Aid to Publio Works and Land Settlement Act, 1906, due 1st Ja iuary, 1917.. 5,400 0 0 | Government Railways Act, 1908, and Finance Act, 1909, due 1st February, 1917 New Zealand State-guaranteed Advances Acts, 1909-10 — 205,000 0 0 Advanoes to Settlers Branch, due 1st December, 1916 .. 10,000 0 0 Land Laws Amendment Act, 1913, due 31st Maroh, 1916 .. 8,000 0 0 Land Laws Amendment Aot, 1913, due 22nd July, 1916 .. 5,500 0 0 Canterbury Loan Ordinanoe, 1862, due 2nd July, 1916 83(1,550 0 0 | Debentures redeemed by Renewal, New Zealand Loans Act, 1908 — Aid lo Public Works and Land Settlement Aot, 1902. duo Is . D u-cinbor, 1917 Aid lo Public Works and Land Sottloment Aot, 1914. due 1st Februay, 1917 Aid to Public Works and Laud Sottloment Act, 1914, due 1st February, 1918 Defence and other Purposes Loan Act, 1870, due Is 1 July, 1917 Government Railways Act, 1908 (Bailways Improvement Authorization Acts, 1904 7), duo 30th Juno, 1917 Government Railways Amendment Act, 1910, due 1st January, 1918 Land for Settlements Act, 1908, due 1st January, 1918 Local Bodies' Loans Act, 1908, duo 1st March, 1918 Maori Land Settlement Act, 1905, duo 1st January, 1918 Native Land Purchase Act. 1892, duo 31st October, 1917 .. New Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlors Branch, duo 23rd October, 1917 .. .. Land for Settlements Branoh, due 31st Ootobo-, 1917 Publio Revonues Act, 1910 (Reserve Fund Securities Act, 1907), duo 1st August, 1917 30,000 0 0 Coal-mines Act, 1908, due 1st April, 1916 62yfl90 0 0i Land for Settlements Acl, 1908, due 1st April. 1916 40,600 0 0 Land for Settlements Aot, 1908, due 1st May, 1916 400 () ii Land for Settlements Aot, 1908, due 30th September, 1916;. 1,500 0 0 Land for Settlements Aot, 1908, due 1st January, 1917 59,600 (l 0 Aid to Publio Works and Land Settlement Act, 1900, duo 1st May, 1916 50,000 (I 0 Aid to Public Works and Land Settlement Act, 1908,due 1st April, 1916 loo,000 0 0 Aid to Public Works and Land Settlement Act, 1914, due 1st February, 1916 10,090 0 0 Soenery Preservation Aot, 1908, due 1st November, 1916 .. Hutt Railway and Road Improvement Acts, 1903, 1905, and 1907, due 1 ■! 30,700 0 0 1 February, 1.917 24,490 0 0 ! Hutt Railway and Road Improvement Act, 1910, due Is February, 1917 3,300 0 0 Government Railways Aot, 1908, due 1st February, 1917 .. 100 0 0 Government Railways Aot, 1908, and Finanoe Aot, 1909, duo ls : February, 1917 53,350 0 0 Governmoni Railways Amendment Act, 1910, due 1st February, 1917 466,040 0 0 £ s. d. 76,328 14 5 I I,123 15 0 290 10 0 128,000 (I 0 100,000 (I 0 100,000 0 (I 25,000 0 I) 16,000 0 <) 51,440 I) 0 57,375 0 0 416,000 0 0 28,450 0 0 125,000 0 0 750,000 0 0 814,766 0 0 800,000 0 0 '.1 3 £ s. d. 1,930,950 0 0 £ a. 1,930,950 0 77,742 19 1,412,031 0 d 0 5 0 3,412,031 0 o Exponses Account, — New Zealand Loans Act, 1908— Aid to Public Works and Land Settlement Act, i!>0_ Aid to Public Works and Land Settlement Act, 1910 o :j ii Aid to Publio Works and Land Settlement Aot, 1914 Defenoe and other Purposes Loan Aot, 1870 0 10 6 Government Railways Act, 1908 0 10 6 Government Railways Aot, 1908, and Finanoe Aot, 1909 23 10 o Land for Settlements Aot, 1908.. Native Land Purchaso Act, 1892 Naval Defence Act, 1909 New Zoaland Inscribed Stock Act, 1917 New Zealand State-guaranteed Advances Acts, 1909-10 — 2,093 18 6 Advances fo Settlers Branch .. 406 5 0 Advances to Workers Branch Land for Settlements Branch .. Public Rovonuos Act, 1910 (Reserve Fund Securities Aot, 1907) Public Revenues Amendment Aot, 1914, Seotion 8 (War Expenses) .. 3,750 0 0 Public Revenuos Amendment Act, 1915, Section 6 (War Expenses) .. fl 974. IS 11 0 3 6 o ;; 6 0 3 6 0 10 6 0 7 0 II 3 6 0 14 II 0 3 6 (I 7 0 3 15 0 o 10 li 0 10 6 0 10 6 0 3 6 0 3 6 O IS 6 ii 3 6 0 3 (i o 3 6 (I 10 6 0 7 0 II 3 6 II 14 (I 0 3 6 II 7 0 3 15 0 (I III li 0 III 6 0 I!) 6 (I 3 6 0 3 6 (I 3 6 B,274 18 0 1,296,590 0 0 Carried forward 6,274 18 0 8 13 0 5 5,420,723 19 c 1,296,590 0 0 8 13 0 5,420,723 19 5 _l

8.—6

36

Table No. 1—continued.

1916-1917. RECEIPTS. 1917-1918. 1918. £ s. d. 1,291,323 3 5 £ s. d. £ s. d. Brought forward .. .. .. .. .. .. •• 5,417,820 4 11 Debentures issued to cover Foxpenses on issue of Debentures, — New Zealand Loans Act, 1908 — Land for Settlements Act, 1908.. .. .. .. .. .. 47 5 0 Naval Defence Act, 1909 .. .. .. .. .. .. 1,203 18 9 Aid to Publio Works and Land Settlement Aot, 1910 .. .. .. 238 15 8 Now Zoaland State-guaranteed Advances Acts, 1909 10 — Advances to Settlers Branch . . . . . . . . . . . . 109 12 6 Advance! to Workers Branch .. .. .. .. .. 4 2 6 Public Revonues Amendment Aot 1914, Section 8 (War Expenses) .. .. 1,123 15 0 Publio Revenues Amendment Aot, 1915, Seotion 5 (War Expenses) .. .. 290 10 0 •I nl7 111 n £ s. d. 5,417,820 4 11 3,017 19 5 . 3,017 19 5 New Zealand Loans Act, 1908,— Finanoe Act, 191.8, Section 17— Public Revenues Amendment Act, 1914, Seotion 8 (War Expenses)— Memorandum of Security issued in place of Treasury Bills .. .. ■■ 1,168,421 J 0 1,108,42! 1 0 Amount representing discount on £3,250,000 Redemption Loan now reduced owing to conversion by Imperial Government of 80 per cent, of loan repayable at tho rate of £100 for every £95 advanced, into Loan repayable at rate of £100 for every £99 advanced— New Zealand Loans Act, 1908— New Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers Branoh Advances to Workers Branoh Aid to Public Works and Land Settlement Act, 1910 Naval Defence Act, 1909 Land for Settlements Act, 1908 74,215 16 10 13,822 8 9 8,042 10 7 40,552 18 0 1,590 12 11 138,224 7 1 Debentures issued in conversion of Debentures, — New Zealand Loans Acts, 1908 and 191.5 — Finance Act, 1915, Section 100, as per contra 1,6:12,600 0 0 V Now Zoaland Loans Act, 1908, — Public Revenuos Amendment Aot, 1915, Section 5 (War Expenses), and Public Revenues Amendment Act, 1915 (No. 2), Section 2 — Memorandum of Security issued in place of Treasury Bills .. 1,500,000 0 0 1,762,626 5 3 328,282 16 6 191,010 2 0 963,131 6 3 37,777 15 6 New Zealand Loans Act, 1908, — Memorandum of Security issued at 4| per cent, in respeot of £3,250,000 Redemption Loan, in replacement of 3J-per-oent. security cancelled owing to conversion, as per contra— New Zealand State-guaranteed Advances Acts, 1909-10 — Advances to Settlers Branch Advances to Workers Branch Aid to Publio Works and Land Settlement Act, 1910 Naval Defence Act, 1909 Land for Settlements Act, 1908 3,282,828 5 6 1,762,626 5 3 328,282 16 6 191.010 2 0 963,131 6 3 37,777 15 6 898,989 18 0 3,23 1, 323 4 7 New Zea'and Loans Act, 1908, — Debentures issued in replacement of Memorandum of Security and Treasury Bills — Now Zealand State guaranteed Advances Acts, 1909-10 — Advances to Settlers Branch Advances to Workers Branch Aid to Public Works and Land Settlement Aot, 1910 Naval Defence Aot, 1909 Land for Settlements Act, J 908 Public Revenues Amendment Aot, 1914, Section 8 (War Expenses) Publio Revenues Amendment Aot, 1915, Section 5 (War Exponses) 7,414,141 8 I 15,259,117 4 1 Carried forward .. .. .. .. .. .. •• 6,589,259 5 4

37

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

1916-1917. EXPENDITURE, 1917-1918. 1918. I. 1 , ! £ s. d. £ s. d. 1,296,590 0 0 Brought forward .. .. .. .. .. .. 8 13 0 5,42 £ s. d 5,420,723 19 5 £ s. 20,723 19 d 5 6,274 18 0 Expenses Account— continued. Now Zealand Loans Act, 1908— continued. 1 8 0 Aid to Publio Works and Land Settlement Aot, 1900 .. .. .. •• 0 3 6 Aid to Publio Works and Land Settlement Aot, 1901 10 15 0 Aid to Public Works and Land Settlement Act, 1903 0 3 6 Aid to Publio Works and Land Settlement Aot, 1906 0 3 6 Aid to Public Works and Land Settlement Act, 1968 0 7 0 Hutt Railway and Road Improvement Acts, 1903. 1905. anil 1907 .. 0 10 6 Hutt Railway and Road Improvement Act, 1910 .. 0 7 0 Local Bodies'Loans Act, 1908 .. 0 7 0 Government Railways Amendment Act, 1910 0 10 6 Government Advanoes to Settlers Act, 1908 0 3 6 Government, Advances to Settlers Act, 1908 (Part III: Workers) 0 3 6 Post and Telegraph Act, 1908 76 16 0 Finance Aot, 1915 1 15 0 Land Laws Amendment Act, 1913 0 7 0 | Welliiigton-Manawatu Railway Purchase Act, 1908 6,368 18 6 8 13 0 New Zealand Loans Act, 1908, — Treasury Bills cancelled and replaced by Memorandum of Security us per contra — Public Revenues Amendment Act, 1914, Section 8 (War Exponses)— Treasury Bill duo 16th December, 1917 .. .. .. .. 300,000 0 o Treasury Bill duo 28th December, 1917 .. .. .. .. 168,421 I 0 Treasury Bill due 31st March, 1918 .. .. .. .. 700,000 0 0 . |,|(j 68,121 I 0 I ,168, 121 I 0 Debentures converted under Section 106 of the Finanoe Act, 1915, — New Zoaland Loans Aot, 1908— 4,900 0 0 Aid to Public Works and Land Settlement Act, 1900, due 1st May, 1916 1,000 0 0 Aid to Public Works and Land Settlement Act, 1900, due 1st May, 1919 51,500 0 0| Aid to Publio Works and Land Settlement Act, 1900, due 1st May, 1923 J,800 0 0 Aid lo Public Works and Land Settlement Act, 1901, due 1st December, 1918 40,100 0 0 Aid to Public Works and Land Settlement Act, 1902, due 1st Deoembor, 1919 3,000 0 0 Aid to Public Works and Land Settlement Act, 1902, due 1st January, 1922 .. 206,700 0 0 Aid to Public Works and Land Settlement Act, 1902, due 1st December, 1922 10,000 0 0 Aid to Public Works and Land Settlement Act, 1903, due 1st January, 1923 . . 1.6,200 0 0 Aid to Public Works and Land Settlement Act, 1903, due 1st February, 1924 500,000 0 0 Aid to Public Works and Land Sottloment Act, 1905, due 1st July, 1916 500 0 0 Aid to Public Works and Land Settlement Act, 1905, due 1st January, 1921 20,700 0 0 Aid to Public Works and Land Settlement Act, 1906, due 1st January, 1919 . . S,JO0 0 0 Aid to Public Works and Land Settlement Act, 1906, due 1st January, 1922 5,600 0 0 Aid to Publio Works and Land Settlement Act, 1907, due 1st January, 1.920 . . 11,900 0 0 Aid to Public Works and Land Settlement Act, 1907, due 1st January, 1922 . . 105,000 0 0 Aid to Public Works and Land Settlement Act, 1907, due 1st January, 1923 . . 25,000 0 0 Aid to Public Works ami Land Settlement Act, 1911, due 1st December, 1919 14,500 0 0 Aid to Public Works and Land Settlement Act, 1912, due 15th April, 1920 .. 5,000 0 0 Aid to Public Works and Land Settlement Act, 1912, due 15th April, 1922 10,375 0 0 Maori Land Settlement Act, 1905, due 1st January, 1918 .. 5,000 0 0 Maori Land Settlement Act, 1905, due 1st January, 1921 .. 10,000 0 0 Government Advances to Settlers Aot, 1.908 (Part III, Workers), due 1st July, 1922 500 0 0 Government Railways Aot, 1908, due 30th June, 1917 1,600 0 0 Government Railways Act, 1908, duo 1st March, 1920 600 0 0 Government Railways Act, 1908, due 1st January, 1922 15,100 0 0 Government Railways Act, 1908, and finance Act, 1909, due 1st February, 1917 1,200 0 0 Government Railways Act, 1908, and Finance Act, 1909, due 1st March," 1920 300 0 0 Government Railways Act, 1.908, and Finanoe Act, 1909, due 1st F'ebruary, 1923 2,000 0 0 : Government Railways Amendment Act, 1910, due 1st January, 1918 38,500 0 0 Land for Settlements Aot, 1908, due 1st April, 1916 12,600 0 0 Land for Settlements Act, 1908, due 1st May, 1916 16,100 0 0 Land for Settlements Act, 1908, duo 1st January, 1917 30,325 0 0 Land for Settlements Act, 1908, due 1st January, 1918 6,700 0 0 Land for Settlements Act, 1908, due 1st August, 1920 500 0 0 Land for Settlements Aot, 1908, due 1st January, 1921 100,850 0 0 Land for Settlements Act, 1908, due 1st January, 1922 33,200 0 0 Land for Settlements Act, 1908, due 1st April. 1922 100,000 0 0 Land for Settlements Act, 1908, due 1st August, 1922 5,000 0 0 Land for Settlements Act, 1908, due 1st January, 1923 " 100,000 0 0 Land for Settlements Act, 1908, due 1st May, 1923 New Zealand State-guaranteed Advanoes Acts, 1909-10— 73,550 0 0 Land for Settlements Branch, duo 1st January, 1919 10,000 0 0 Land for Settlements Branch, due 1st February, 1919 4,000 0 0 Land for Settlements Branoh, duo 1st March, 1920 10,000 0 0 Guaranteed Mining Advances Branch, duo 1st July, 1922.. 1,100 0 0: Land Laws Amendment Act, 1913, due 1st January, 1920 .. 11,700 0 0 Land Laws Amendment Act, 1913, duo 1st February, 1920 .. 1,632,600 0 0 2,935,558 18 6 Carried forward .. .. .. .. .. .. .. j 6,58 89,153 13 6 6,589,153 13 5

8.—6

38

Table No. 1—continued.

1916-1917. RECEIPTS. 1917-1918. £ s. d. 15,259,117 4 1 Brought forward £ s. d. £ s. d. 6,589,259 5 4 2,093 15 0 406 5 0 3,750 0 0 New Zealand Loans Act, 1908, — Debentures issued to provide for charges aud expenses on issue of Debentures in lieu of Memorandum of Security— New Zealand State-guaranteed Advances Acts, 1909-10 — 2,093 15 0 Advances to Settlers Branoh 406 5 0 Advanoes to Workers Branch 3,750 0 0 Public Revenues Amendment Act, 1.915, Section 5 (War Exponses) .. 6,250 0 0 6,250 0 0 Treasury Bills issued in Renewal, — Public Revenues Amendment Act. 1914, Section 8 (War Expenses) — Finance Act, 1916, Section 38— 300,000 0 0 Treasury Bill, due 16th December, 1916. renewed to 16th December, 1917 .. 400,000 0 0 Treasury Bill, due 28th December, 1916, renewed to 28th December, 1917 .. 300,000 0 0 Treasury Bill, due Kith January, 1917, renewed to Kith January, 1918 700,000 0 0 Treasury Bills, due 31st March, 1917, renewed to 31st March, 1918 1,700,000 0 0 300,000 0 0 400,000 0 0 300,000 0 0 700,000 0 0 1,700,000 0 0 New Zoaland Loans Aot, 1908,-— Sinking Funds set free to redeem Debentures— 5,500 0 0 Canterbury Loan Ordinance, 1862, duo 2nd July, 1.91.0 V 5,500 0 0 V £16,970,867 4 1 Totals £6,589,259 5 4

39

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the LOANS REDEMPTION ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917—continued.

1916-1917. EXPENDITURE. 1917-1918. 18. 'io. £ s. d. 2,935,558 18 6 Brought forward New Zealand Loans Act, 1908, — Memorandum of Security at 3J per cent, in respect of £3,250,000 Redemption Loan, now cancelled owing to conversion by Imperial Government of 80 per cent, of loan repayable at £100 for each £95 advanced, into loan repayable £100 for each £99 advanced — Now Zealand State-guaranteed Advancos Acts, 1909-10 — 1,836,842 2 1 Advancos to Settlers Branch 342,105 5 3 Advancos to Workers Branoh 199,052 12 7 Aid to Public Works and Land Settlement Act, 1910 1,003,684 4 3 Naval Defence Act, 1909 39,368 8 5 Land for Settlements Act, 1908 3,421,052 12 7 £ s. d. .t 6,589 S. s. d. 6,589,153 13 5 j,15i 3,421,052 12 7 Now Zealand Loans Act, 1908,— Memorandum of Security cancelled and replaced by debentures, as per contra — New Zealand State-guaranteed Advances Acts, 1909-10— 1,762,626 5 3 Advances to Settlers Branch . . 328,282 16 6 Advances to Workers Branch 191,010 2 0 Aid to Public Works and Lund Settlemenl Act, 1910 963,131 6 3 Naval Defence Acl, 1909 37,777 15 6 Land for Settlements Aot, 1908.. 1,762,626 5 3 328,282 16 6 191,010 2 0 963,131 6 3 37,777 15 6 • > ,-iun oot.' k a 3,282,828 5 6 3,282,828 5 6 Public Revenues Amendment Acl, 1915, Section 5 — 3,232,323 4 7 Public Revenues Amendment Act, 1915 (No. 2), Section 2 3,232,323 4 7 0 Treasury Bills cancelled and replaced by debentures, as per contra— 898,98*11 18 0 Public Revenues Amendment Act, 1914, Section 8 (War Expenses) .. 1,500,000 0 0 Treasury Bills cancelled and replaced by Mei ornndum of Security, as per contra— 1,500,000 0 0 Public Rovenues Amendment Act, 1915, Section 5 (War Expenses) .. • Treasury Bills renewed, — Public Revenues Amendment Act, 1914, Section 8 (War Expenses) — Finanoe Aot, 1916, Seotion 38— 300,000 0 0 Treasury Bill, duo 16th December, 1.916 400,000 (I 0 Treasury Bill, due 28th Deoember, 1916 300,000 0 0 Treasury Bill, duo 16th January, 1917.. 700,000 0 0 Treasury Bills, due 31st March', 1917 .. 1,700,000 0 0 300,000 0 0 400,000 0 0 300,000 0 0 700,000 0 0 1,700,000 0 I) Balance at end of Year, — 114 4 11 Cash in the Public Account 105 11 11 10f I 14 4 11 £16,970,867 4 I Totals .. £6,589, £0,589,259 5 4 1,25! £16,970,867 4 1

8.-6

40

Table No. 1— continued.

1916-1917. RECEIPTS. 1917-1918. 1916-1917. £ s. d. Balanoe at beginning of Year, — £ _. d. £ s. d. 7,626 10 4 Cash in the Public Acoount .. .. .. .. .. .. .. 882 8 4 £ s. d. 7,626 10 4 New Zealand Loans Act, 1908, — Fruit-preserving Industry Act, 1913— 0,500 0 0 Debentures issued .. .. .. .. .. .. .. 10,,Si 10 0 O Fruit-preserving Industry Act, 1913, and Finanoe Aot, 1917 (Seotion 80)— Debentures issued '.. .. .. .. .. .. . . 11,000 0 0 0,500 0 o ! . — 21.800 0 0 6,500 0 0 6,500 (I 0 Fruit-preserving Industry Act, 1913 (Section 4), — Repayment of Advances — 540 0 0 Principal .. .. .. .. .. .. .. .. 6,117 10 0 716 5 0 Interest .. .. .. .. .. ,. .. .. 968 12 3 540 0 0 716 5 0 _ — 7,086 2 3 1,256 5 0 1,256 5 0 £15,382 15 4 Totals .. .. .. .. .. .. .. £29,768 10 7 £15,382 15 4 £29,768 10 7 STATEMENT of the RECEIPTS and EXPRNDITURK of tho DISCHARGED SOLDIERS SETTLEMENT £ s. d. Balanoe at beginning of Year, — £ s. d. : £ s, d. 1,000 0 0 Cash in the Public Acoount .. .. ., .. .. .. 6,824 2 11 Imprests outstanding— In the Dominion .. .. .. .. .. .. .. 21 10 0 — 6,845 12 11 1,000 0 0 New Zealand Loans Act, 1908, —■ Discharged Soldiers Settlement Act, 1915, and Finance Act, 1917 (Section 82) Debentures issued .. .. .. .. .. .. .. 60,000 o 0 Discharged Soldiers Settlement Aot, 1915, and Amendment Aot, 1916 (Section 7) — 35,000 0 0 Debentures issued .. .. .. .. .. .. .. 64,000 0 0 ' 124,000 0 0 Discharged Soldiers Settlement Act. 1915 (Section 9),— 1,199* 4 9 Repayment of Advances . . .. .. .. .. 8,076 9 1 213 17 7 Interest on Advances .. .. .. .. .. .. .. 2,100 6 0 l,19fi» 4 9 213 17 7 — ■ ! 10,176 15 I 1,413 2 4 1,413 2 4 £37,413 2 4 Totals .. .. .. .. .. .. .. £141,022 8 0 STATEMENT of the RECEIPTS and EXPENDITURE of the COLD STORAGE £ a. d. j New Zealand Loans Act, 1908, — £ s. d. £ s. d. Appropriation Act, 1917 (Seotion 22) — Debentures issued .. .. .. .. .. .. .. 23,250 o o Totals .. .. .. .. .. .. .. £23,250 0 0 — f ~—— —. £23,250 0 0 Tho Treasury, Wellington, 30th April, 1918.

41

8.—6

STATEMENT of the RECEIPTS and EXPENDITURE of the FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT for the Year ended 31st March, 1918, compared with the Financial Year ended 31st March, 1917.

6—B. 6.

1916-1917. EXPENDITURE. 1917-1918. 1916-1917. 1918. — £ s. d. £ s. d. £ s. d. 14,500 0 0 Advanoes under the Fruit-presorving Industry Acta, 1913 and 1914 .. .. .. 23,509 15 11 £ s. d. 14,500 0 0 £ s. d. 23,509 15 11 New Zealand Loans Act, 1908, — Fruit-preserving Industry Act, 1913 — 0 7 0 Charges and Expenses .. .. .. .. .. .. .. .. 0 14 0 0 7 0 0 14 0 Balance at end of Year— 882 8 4 Cash in the Public Account .. .. .. .. .. .. .. 6,258 n 8 882 8 4 6,258 0 8 £15,382 15 4 Totals .. .. .. .. .. .. .. £29,768 10 7 £15,382 15 4 £29,768 10 7 ACCOUNT for ACCOUNT for the Year ended 31st March, 1918, compared with the Finanoial Year ended 31st March, 1917. VIarch, 1917. £ s. d. 30,168 5 2 £ s. d. £ s. d. £ a. d. 30,168 5 2 Advances made under Sections 6 and 9 of the Discharged Soldiers Settlement Act, 1915 .. 109,918 2 0 £ s. d. £ s. d. 109,918 2 0 398 6 9 398 6 9 Fxpenditure under Section 9 of the Discharged Soldiers Settlement Aot, 1915 .. .. Cr. 330 11 9 Or. 330 11 9 New Zealand Loans Act, 1908, — Discharged Soldiers Settlement Act, 1915, and Amendment Act, 1916— 0 17 6 Charges and Expenses .. .. .. .. .. .. .. .. 0 17 6 " 0 17 6 0 17 6 Balance at end of Year,— 6,824 2 11 Cash in the Public Account .. .. .. .. .. .. 27,400 9 7 Imprests outstanding — fl* 10 0 In the Dominion .. .. .. .. .. .. .. 4,033 10 8 31,434 0 3 R S4.K 19 11 6,824 2 11 fl* 10 0 27,400 9 7 4,033 10 8 ! 31,434 0 3 6,845 12 11 £37,413 2 4 Totals .. .. .. .. .. .. .. £141,022 8 0 6,845 12 11 £37,413 2 4 £141,022 8 0 .DVANCES ACCOUNT for the Year ended 31st March, 1918. £ s. d. £ s. d. £ s. d. Advances made under Section 22 of the Appropriation Aot, 1917 .. .. .. .. 20,750 0 0 Balance at end of Year, — Cash in the Publio Account .. .. .. .. .. .. .. 2,500 0 0 Totals .. .. .. .. .. .. .. £23,250 0 0 G. F. C. Campbell, Examined and found correct. Secretary to the Treasury. Examined Robket J. Collins, J. J. Esson, Controller and Auditor-General. .\ccouutant to the Treasury.

8.—6

42

Table No. 1 — continued. SUMMARY of BALANCES on 31st MARCH, 1918.

Balances. Cash. Imprests. Investments. Total. Consolidated Fond :— Ordinary Revenue Acoount State Forests Account State Coal-mines Account Scenery Preservation Account .. Accounts of Looal Bodies Deposit Accounts £ s. d. 11,560,787 12 2 1,174 16 10 113,217 17 9 3.189 16 2 12,766 0 1 4,113,890 11 1 £ a. a. Consolidated Fund: — Ordinary Revenue Account State Forests Account.. State Coal-mines Account Scenery Preservation Account .. Accounts of Local Bodies Deposit Accounts £ s. d. £ s. d. 2,593,151 7 5 i 197,255 16 5 1,143 10 6 1 31 6 4 112,197 16 3 : 1,020 1 6 3,189 16 2 j 12,766 0 1 j 2.285,629 16 1 368,466 9 7 £ s. d. 8,770,380 8 4 £ s. d. 11,560,787 12 2 1,174 16 10 113,217 17 9 3,189 16 2 12,766 0 1 4,113,890 11 1 1,459,794 5 5 15,805,026 14 1 — 5,008,078 6 6 I 566,773 13 10 15,805,026 14 1 10,230,174 13 9 Public Works Fund 295,539 17 4 _ " 295,539 17 4 Public Works Fund 181,372 10 0 j 114,167 7 4 The Railways Improvement Authorization Act 1914 Account The Waihou and Ohinemuri Rivers Improvement Account .. Electric Supply Account Cheviot Estate Account Land for Settlements Account.. Native Land Settlement Account Land foe Settlements Account (Opening up Crown Lands for Settlement Account) National Endowment Account .. Hauraki Plains Settlement Account Rangitaiki Land Drainage Account Workers' Dwellings Account .. Mining Advances Account Conversion Account Loans Redemption Account New Zealand Consols Account.. War Expenses Account Kauri-gum Industry Account Fruit - preserving Industey Advances Account Discharged Soldiers Settlement Account Cold Storage Advances Account Swamp Land Drainage Account.. Reserve Fund Account.. Bank of New Zealand Acts 1903 and 1913 Account Silver and Bronze Coin Account The Railways Improvement Autho13,163 6 6 rization Act 1914 Account The Waihou and Ohinemuri 41,284 16 3 Rivers Improvement Account .. 36,482 1 6 Electric Supply Account 119,842 19 1 Cheviot Estate Account 81,223 11 0 Land for Settlements Account.. 43,027 5 9 Native Land Settlement Account Land for Settlements Account (Opening up Crown Lands for 3,597 17 3 Settlement Acoount) 108,824 5 5 National Endowment Account .. Hauraki Plains Settlement Ac1,365 2 0 count ' .. Rangitaiki Land Drainage Ac4,269 16 2 I count 64,533 9 10 i Workers' Dwellings Account .. 5,798 12 4 Mining Advances Account 7,737 17 6 Conversion Account 105 11 11 Loans Redemption Account 475,991 14 0 New Zealand Consols Account.. 7,149,402 5 8 War Expenses Account 20,931 0 3 Kauri-gum Industry Account .. Fruit - preserving Industry Ad6,258 0 8 vances Account Discharged Soldiers Settlement 31,434 0 3 Account 2,500 0 0 ■■ Cold Storage Advances Account 5,388 6 11 : Swamp Land Drainage Account.. 800,000 0 0 Reserve Fund Account Bank of New Zealand Acts 1903 875,000 0 0 and 1913 Account 27,761 17 0 - Silver and Bronze Coin Account £26,026.490 8 8 Totals.. 13,163 6 6 j 11,284 16 3 36,452 8 0 29 13 6 19,842 19 1 81,216 18 8 6 12 4 33,452 3 8 9,575 2 1 3,597 17 3 108,824 5 5 1,365 2 0 4,269 16 2 39,533 9 10 5,798 12 4 6,083 6 5 1,654 11 1 105 11 11 6 14 0 2,062,309 19 4 1,866,038 3 0 20,755 8 7 175 11 8 6,258 0 8 27,400 9 7 4,033 10 8 2,500 0 0 3,170 12 8 2,217 14 3 Cr. 2,738 3 0 : 30,500 0 0 £7,674,104 11 10 £2,595,17119 9 I 30,000 0 0 100,000 0 0 25,000 0 0 475,985 0 0 3,221,054 3 4 13,163 6 6 41,284 16 3 36,482 1 6 119,842 19 1 81,223 11 0 43,027 5 9 3,597 17 3 108,824 5 5 1,365 2 C 4,269 16 2 64,533 9 1C 5,798 12 4 7,737 17 6 105 11 11 475,991 14 C 7,149,402 5 6 20,931 0 a 6,258 0 £ 800, 000 0 0 31,434 0 3 2,500 0 C 5,388 6 11 800,000 0 C 875,000 0 0 875,000 0 C 27,761 17 C Totals .. £7,674,104 11 10 £2,595,17119 9 £15,757,213 17 1 £15,757,213 17 1 £26,026,490 8 6

43

8.—6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND for the FINANCIAL YEAR ended 31st March, 1918, compared with the Sums voted under the Appropriation Act, 1917.

Expenditure. Class I.—Legislative Departments :— £ s. d. 1 Legislative Council .. .. .. .. 1,971 7 5 2 House of Representatives .. .. .. 9,819 13 8 3 General Expenses .. .. .. .. j 30,074 11 6 Issued. Credits. | Net Expenditure. £ s. d. £ s. d. 1.971 7 5 32 6 0 9.787 7 8 35 18 5 30.03S 13 1 Issued. Imprests. £ s. d. Total. £ s. d. 1.971 7 5 9.787 7 8 30.038 13 1 Issued Voted. Amount ik Unissued. Excess. £ s. d. £ s. d. £ s. d. 2.170 0 0 198 12 7 10.471 0 0 683 12 4 31,485 0 0 1,446 6 11 Total Class I .. .. ..j 41,865 12 7 Class II. —Departments of Finance :— ■ 4 Treasury Department .. .. .. .. 11,341 14 1 5 | National Provident and Friendly Societies Office .. 25,506 12 10 g : Rates on Crown Lands.. .. .. .. 62 15 7 ■j Rates on Native Lands .. .. .. 0 9 8 g Land and Income Tax Department. .. .. 27,126 13 9 o Pensions Department .. .. .. .. 21.277 1 5 10 Naval Defence .. .. .. .. 43,595 0 11 I 1 Treasury: Miscellaneous Services .. .. 13.463 6 4 68 4 5 41.797 8 2 1.002 10 2 10.339 3 11 3.179 5 10 22.327 7 0 62 15 7 0 9 8 52 9 2 27.074 4 7 123 2 11 21.153 IS 6 1.592 13 11 42.002 7 0 3,528 2 1 | 9,935 4 3 68 4 5 41.797 8 2 41,797 8 2 10.339 3 11 22.327 7 0 62 15 7 0 9 8 27.074 4 7 21,153 18 6 42.002 7 0 9.935 4 3 44.126 0 0 j 2.328 11 10 11.510 0 0 1,170 16 1 22.620 0 0 292 13 0 75 0 0 12 4 5 10 0 0 9 10 4 28.648 0 0 1.573 15 5 19,173 0 0 .. 1,980 18 6 100.350 0 0 58.347 13 0 12,429 0 0 : 2.493 15 9 Total Class II .. .. .. 142,373 14 7 142,373 14 7 9,478 4 1 132,895 10 6 9,478 4 1 132,895 10 6 132.895 10 6 132.895 10 6 194,815 0 0 194,815 0 0 | 63,900 8 0 1,980 18 6 63,900 8 0 1,980 18 6 ! I ! ! Class III. —Post and Telegraph Department :— 12 : Postal and Telegraph Salaries .. .. .. j 811,775 16 11 13 Convevanee of Ocean Mails .. .. .. 79.629 12 4 14 ! Conveyance of Inland Mails .. .. .. 119,669 17 10 15 ; Carriage of Mails by Railway .. .. .. 80,354 6 5 lg Maintenance of Telegraph and Telephone Lines .. 133,003 4 9 17 Miscellaneous Services .. .. .. .. 407,751 9 3 Total Class III .. .. .. 1,632.184 7 6 Class IV. —Working Railway's Department: — lg Working Railways .. .. .. .. 3,389,385 3 6 I 78.361 14 8 733.414 2 3 22.812 10 0 56.817 2 4 5.991 1 9 113.678 16 1 35 3 0 80.319 3 5 | 8.623 13 6 124.379 11 3 29,215 9 1 378.536 0 2 145,039 12 0 1,487,144 15 6 321,727 10 2 3.067.657 13 4 206 10 8 ] ■: 1, 3, 733.414 2 3 : 56.817 2 4 113.678 16 1 80,319 3 5 124.379 11 3 378.536 0 2: ,487,144 15 6 1,1 ,067,864 4 0 3, 803.094 0 0 : 69.679 17 9 75.905 0 0 19.087 17 8 112.000 0 0 .. 1.678 16 1 72,200 0 0 .. 8.119 3 5 111,100 0 0 j .. 13,279 11 3 356.577 0 0 I .. 21.959 0 2 „___ I .530,876 0 0 j 88,767 15 5 45,036 10 11 .458,680 18 10* 390,816 14 10 145,039 12 0 1,487,144 15 6 1,487,144 15 6 1,530,876 0 0 j 88,767 15 5 45,036 10 11 1 I 3.389.385 3 6 321.727 10 2 3,067,657 13 4 206 10 8 j3,067.864 4 0 3.458.680 18 10* i . 390,816 14 10 _ > 3,389.385 3 6 321.727 10 2 3.067,657 13 4 206 10 8 3,067,864 4 0 j3,458, 680 18 10 '. ~ n~ ~ ' .„ 77m i 390,816 14 10 Total Class IV .. .. .. 3,389.385 3 6 j 321.727 10 2 3.067,657 13 4 206 10 8 i 3, ,067.864 4 0.3,i .458,680 18 10 | 390,816 14 10 Class V.—Public Buildings, Domains, and Maintenance of Roads :— 19 Public Buildings .. .. .. .. 70,655 4 6 20 ! Government Domains .. .. .. .. 2.967 8 9 21 j Maintenance and Improvement of Roads.. .. 40,591 2 5 ) TotalClassV .. .. .. 114,213 15 8 70.655 4 6 I 8 9 40,591 2 5 13.620 7 9 57.034 16 9 2,967 8 9 I 1.200 14 0 39,390 8 5 - 14,821 1 9 99,392 13 11 I 13,620 7 9 1.200 14 0 57.034 16 9 2,967 8 9 j 39.390 8 5 ! I 57,034 16 9 2.967 8 9 39,390 8 5 99,392 13 11 j 57,034 16 9 2.967 8 9 39.390 8 5 61.510 0 0 3,200 0 0 50.000 0 0 1 I 61,510 0 0 4,475 3 3 3,200 0 0 232 11 3 50.000 0 0 10,609 11 7 114,710 0 0 : 15,317 6 1' 4,475 3 3 232 11 3 10,609 11 7 .. . „_ ,_ .._ I 114,213 15 8 14,821 1 9 I 99.392 13 11 99,392 13 11 j 114.710 0 0 15,317 6 1 • Includes £241,142 18s. 10a. additional amount appropriated in terms of section 45 of the Public Revenues Act, 1910.

13.—6

44

Table No. 1—continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.—continued.

> Issued. Issued. AunnuT Issued Expeqiditure. Credits. Net Expenditure. Imprests. Total. Voted. Voted. amount Unissued. Amount Unissued. in Excess. Expenditure. Credits. , H i . 22 23 Class VI. —Native Department :— Native Department Miscellaneous Services .. £ s. d. 23,501 3 3 1,693 12 9 £ s. d. £ s. d. 945 3 1 22,556 0 2 7 5 0 1,686 7 9 £ s. d. £ s. d. 195 12 2 22,751 12 4 1,686 7 9 £ s. d. 23,465 0 0 2,601 0 0 £ s. d. 713 7 8 914 12 3 £ s. d. Total Class VI 25,194 16 0 25,194 16 0 952 8 1 24,242 7 11 952 8 1 24,242 7 11 195 12 2 24,438 0 1 195 12 2 24,438 0 1 26,066 0 0 26,066 0 0 1,627 19 11 1,627 19 11 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 Class VII. —Justice Department :— Department of Justice Crown Law Office Patent Office Supreme Court Bankruptcy Magistrates' and Wardens' Courts Criminal Prosecutions Coroners Justice : Miscellaneous Services.. Prisons Cook Islands Police Department Police : Miscellaneous Services .. Stamp Department Land and Deeds Registry 3.310 11 2 5.981 5 2 3.151 7 10 .. j 10.269 15 9 .. i 3.520 6 6 .. j 43,541 1 4 11,935 2 1 .. i 3,619 5 9 j 19,451 13 2 81,362 18 0 8,557 7 8 263.866 1 2 389 0 0 .. ! 18,107 18 3 32.588 3 1 815 14 0 2.494 17 2 44 7 7 5.936 17 7 9 11 9 3.141 16 1 225 0 1 10.044 15 8 3.520 6 6 2.694 7 9 40.846 13 7 521 8 4 11.413 13 9 11 4 3 3.608 1 6 753 9 0 18.698 4 2 15.083 1 10 66.279 16 2 709 5 6 7.848 2 2 2.930 6 8 ; 260.935 14 6 389 0 0 357 17 3 17.750 1 0 68 7 9 32.519 15 4 2.494 17 2 5,936 17 7 3,141 16 1 370 9 1 10,415 4 9 22 7 3 3,542 13 9 40,846 13 7 149 10 2 11,563 3 11 3,608 1 6 18.698 4 2 25 4 7 66.305 0 9 7 848 2 2 103 18 2 261.039 12 8 389 0 0 17,750 1 0 32,519 15 4 3,423 0 0 7.255 0 0 2 957 0 0 10.635 0 0 3.634 0 0 48,099 0 0 11.700 0 0 3.750 0 0 ! 17.904 0 0 72,220 0 0 14,534 0 0 274.385 0 0 399 0 0 19.801 0 0 34.336 0 0 928 2 10 1,318 2 5 219 15 3 91 6 3 7.252 6 5 136 16 1 141 IS 6 5.914 19 3 6,685 17 10 13.345 7 4 10 0 0 2,050 19 0 1.816 4 8 184 16 1 794 4 2 Total Class VII 509,651 16 11 24.224 1 9 485,427 15 2 671 9 3 486.099 4 5 j J 671 9 3 .,_ . _ I 486.099 4 5 j 525.032 0 0 525.032 0 0 39,911 15 10 39.911 15 10 979 0 3 979 0 3 I 39 40 41 Class VIII. —Mines Department :— Mines Department Geological Survey Branch Miscellaneous Services .. 9.616 2 2 3.138 3 4 14.829 0 6 723 2 9 8.892 19 5 22 2 3 3.116 1 1 224 15 7 14,604 4 11 8.892 19 5 3.116 1 1 14.604 4 11 10,296 0 0 4,215 0 0 23,366 0 0 1.403 0 7 1.098 18 11 8,761 15 1 , ; - Total Class VIII 27,583 6 0 970 0 7 26,613 5 5 j _ 26,613 5 5 | 37,877 0 0 11,263 14 7 .. 970 0 7 26.613 5 5 26,613 5 5 37,877 0 0 11,263 14 7 I

45

8.—6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.—continued.

' l I I 1 I I I e O o r*" Issued. Voted. Voted. A-MAITMT Amount Amount Unissued. Issued in Excess. Issued IN > Expenditure. Credits. Net Expenditure. Imprests. Total. Total. Unissued. Excess. ! ' I l_ I Class IX. —Department of Internal Affairs :— 42 Clerk of Executive Council 43 Department of Internal Affairs (Head Office) 44 Ministers' Secretaries 45 Messengers, Office-keepers, and Charwomen 46 Audit Department 47 Registrar-General's Office 48 Census and Statistics 49 Electoral 50 High Commissioner's Office 51 Museum ; 52 Dominion Laboratory .. \ 53 Printing and Stationery i 54 Mental Hospitals i 55 Home for Defectives 56 Tourists 57 Public Service Commissioner's Office 58 Public Health. Hospitals, and Charitable Aid 59 Miscellaneous Services .. £ s. d. 50 0 0 68,042 13 8 1.666 13 5 48,390 2 11 28,195 2 10 9,256 7 11 46,546 18 0 5,507 19 9 19,083 15 11 2.743 15 0 4.737 11 7 173,326 14 9 232.223 5 4 18 18 3 49,765 17 8 7.173 19 4 80,244 6 8 69,521 4 4 £ s. d. £ s. d. £ s. d. 50 0 0 27.642 5 1 40.400 8 7 734 2 11 40 0 0 1.626 13 5 8.281 5 4 40.108 17 7 20,675 13 11 7,519 8 11 37 18 3 80 11 11 9.175 16 0 28,112 3 5 18,434 14 7 20 6 0 5.487 13 9 1,742 12 1 17.341 3 10 78 5 6 2,665 9 6 135 8 3 4,602 3 4 45 15 8 123.940 8 2 49,386 11 7 67.543 4 11 164.680 0 5 18 18 3 1,033 4 5 : 48,732 13 3 794 13 1 2,541 2 0 ! 4,632 17 4 19,223 10 0 61,020 16 8 1,244 12 8 15,737 3 7 53,784 0 9 £ s. d. £ s. d. 50 0 0 50 0 0 41,134 11 6 48,833 0 0 1,626 13 5 : 1,840 0 0 40,108 17 7 39.473 0 0 7,557 7 2 11.223 0 0 9,175 16 0 10,598 0 0 18,434 14 7 23,739 0 0 5,487 13 9 23,300 0 0 17,341 3 10 20.991 0 0 2,665 9 6 4,151 0 0 4,647 19 0 5.743 0 0 49,386 11 7 55,552 0 0 164,680 0 5 169.306 0 0 18 18 3 50 0 0 49,527 6 4 49.362 0 0 4,632 17 4 6,461 0 0 62,265 9 4 75,433 0 0 53,784 0 9 : 72,625 0 0 £ s. d. 7,698 8 6 213 6 7 3,665 12 10 1,422 4 0 5,304 5 5 17,812 6 3 3,649 16 2 1,485 10 6 1,095 1 0 6,165 8 5 4,625 19 7 31 1 9 I,828 2 8 13,167 10 8 : 18,840 19 3 | £ s. d. 635 17 7 165 6 4 _ Total Class IX 846,495 7 4 316,826 19 7 529.668 7 9 ; 2,857 2 7 532.525 10 4 618.730 0 0 87,005 13 7 87,005 13 7 801 3 11 801 3 11 i I Class X.—Defence Department :— 60 ! Adjutant-General's Branch 61 General Staff Branch 62 Quartermaster-General's Branch 197,466 2 2 3.717 12 8 251,527 17 4 I I 1,397 18 5 196. 06S 3 9 9,334 8 10 13 19 0 3.703 13 8 23.187 4 8 228,340 12 8 7.833 3 7 205.402 12 7 220,716 0 0 3,703 13 8 ' 12,795 0 0 236,173 16 3 287,630 0 0 15,313 7 5 9,091 6 4 51,456 3 9 - - „ i ._ ,.! Total Class X 452.711 12 2 24,599 2 1 ' 428,112 10 1 | 17,167 12 5 24,599 2 1 ' 428,112 10 1 I 17,167 12 5 ! 445.280 2 6 445.280 2 6 521.141 0 0 521.141 0 0 75,860 17 6 75,860 17 6 . L Class XL —Customs. Marine and Harboues, and Inspection of Machinery Departments :— 63 Customs Offices and Services 64 Customs : Miscellaneous Services 65 Marine and Harbours and Inspection of Machinery 66 Government Steamers 67 Marine : Miscellaneous Services .. 57,600 14 0 13,187 17 2 67,699 17 11 20,458 17 9 8.584 5 1 640 3 4 56,960 10 8 4 17 0 12 9 13,186 14 5 1,374 4 3 i 66,325 13 8 74 5 6 396 8 7 20,062 9 2 1.877 19 0 1.725 2 5 6.859 2 8 56,965 7 8 60.676 0 0 13.186 14 5 15.177 0 0 66,399 19 2 75,449 0 0 21,940 8 2 31,460 0 0 6,859 2 8 11.936 0 0 3,710 12 4 1,990 5 7 9,049 0 10 9,519 11 10 5,076 17 4 3,710 12 4 1,990 5 7 9,049 0 10 9,519 11 10 5.076 17 4 i ; _ Total Class XI 167,531 11 11 4,137 1 4 163.394 10 7 1,957 1 6 4,137 1 4 163.394 10 7 1,957 1 6 165,351 12 1 165,351 12 1 194,698 0 0 194,698 0 0 29,346 7 11 29,346 7 11 L l_ 1 I [_ I l_ [__ Class XII. —Department of Labour :— 68 Department of Labour.. Total Class XII I 31,227 9 9 31.227 9 9 481 4 7. 30.746 5 2 481 4 7 30.746 5 2 481 4 7 : 30.746 5 2 30,746 5 2 i 34,515 0 0 30,746 5 2 34.515 0 0 30,746 5 2 34,515 0 0 3,768 14 10 3,70S 14 10 3,768 14 10 481 4 7 30.746 5 2 30,746 5 2 : 34.515 0 0 3,768 14 10 I

8.—6

46

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.—continued.

I Eh > Issued. Voted. Amount Unissued. Issued in Excess. j Expenditure. Credits. Net Expenditure. Imprests. Total. 69 70 71 Class XIII. —Department of Lands and Survey :— Department of Lands and Survey Miscellaneous Services Valuation £ s. d. 172,954 6 1 44,957 9 8 40,518 5 9 £ s. d. 52,159 9 0 5,920 19 2 7.581 1 8 £ s. d. 120.794 17 1 39.036 10 6 32,937 4 1 £ s. d. 782 17 1 287 5 10 493 8 10 £ s. d. 121,577 14 2 39,323 16 4 33,430 12 11 £ s. d. 183.678 0 0 58,368 0 0 33,384 0 0 £ s. d. 62,100 5 10 19,044 3 8 £ s. d. 46 12 11 Total Class XIII 258,430 1 6 65,661 9 10 192,768 11 8 1,563 11 9 194,332 3 5 275,430 0 0 81,144 9 6 46 12 11 Class XIV. —Department of Agriculture, Industries, and Commerce :— Agriculture, Industries, and Commerce 849,834 19 3 |_ 625.269 IS 0 224,565 1 3 7,955 11 3 232.520 12 6 I 262,845 0 0 30,324 7 6 72 Total Class XIV 849, S34 19 3 625.269 IS 0 224,565 1 3 7,955 11 3 232,520 12 6 202,845 0 0 30,324 7 6 73 74 75 76 77 78 79 SO 81 82 83 84 85 86 87 89 Class XV. —Education Department :— Head Office Elementary Education.. Secondary and Higher Education Technical Instruction Training Colleges and Training of Teachers Native Schools School Buildings, Furniture, and Sites Physical Training Medical Inspection Education of the Blind School for the Deaf Schools for the Feeble-minded Industrial Schools .. .. .. Infant-life Protection .. .. .. Probation System .. .. .. .. I Material and Stores .. .. .. .. I Miscellaneous Services .. .. .. 14,117 6 10 1,083,032 17 10 119,437 10 1 88,159 1 4 51,778 8 7 38.408 14 9 132,705 3 9 3,802 18 5 3,937 3 9 757 3 9 6,152 16 3 10,795 11 5 80,120 0 7 1.234 13 3 123 1 0 13,582 12 10 66,310 6 11 19 17 10 122,781 8 1 5,488 2 10 3.613 1 10 2,278 6 10 1.834 6 10 3,303 1 8 183 14 2 782 9 8 3,224 3 7 4,433 13 10 41.478 2 6 43 12 10 5 12 9 10,266 12 0 3,463 12 11 14,097 9 0 960,251 9 9 113,949 7 3 84,545 19 6 49,500 1 9 36,574 7 11 129,402 2 1 3,619 4 3 3.937 3 9 Cr. 25 5 11 2,928 12 8 6,361 17 7 38,641 18 1 1,191 0 5 117 S 3 3.316 0 10 62,846 14 0 I 14,097 9 0 14 15 10 960,266 5 7 113,949 7 3 84,545 19 6 49,500 1 9 36,574 7 11 129,402 2 1 3,619 4 3 3,937 3 9 Cr. 25 5 11 2,928 12 8 6,361 17 7 38,641 18 1 1,191 0 5 117 8 3 3,316 0 10 62,846 14 0 14,183 0 0 975,273 0 0 122.005 0 0 84,882 0 0 50,543 0 0 37,280 0 0 129,360 0 0 3,725 0 0 6,100 0 0 225 0 0 4.351 0 0 10.0S3 0 0 40,616 0 0 1,522 0 0 1,568 0 0 6.100 0 0 74,463 0 0 85 II 0 15,006 14 5 8,655 12 9 336 0 6 1,042 18 3 705 12 I 105 15 9 2,162 16 3 250 5 11 1,422 7 4 3,721 2 5 1,974 I 11 330 19 7 1,450 11 9 2.783 19 2 11,616 6 0 42 2 1 Total Class XV .. .. .. : " Unauthorized " :— Services not provided for Total ■■ Unauthorized " ,714,455 11 4 150,597 8 5 ... . 144,801 18 0 203,200 0 2 1,511,255 11 2 5,795 10 5 12,113*14 2 ! 14 15 10 1,511,270 7 0 1,562,879 0 0 L I 17,909 4 7 51,650 15 1 j 42 2 1 17,909 4 7 150,597 8 5 144,801 is 0 5,795 10 5 12,113 14 2 17.909 4 7 17,909 4 7

47

8.—6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the CONSOLIDATED FUND, &c.— continued.

Issued. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Expenditure. Total. Excess. Class I I ■ l ♦• S -J? MM f BY ; £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Class I.—Legislative Departments .. .. .. 41,865 12 7 68 4 5 41 797 8 2 41 797 8 2 tt r' _ £ e P artmente of Finance .. .. .. 142,373 14 7 9,478 4 1 132,895 10 6 .. 13-'' 895 10 6 tS" ~ Fost and Telegraph Department .. .. 1,632,184 7 6 145,039 12 0 1,487,144 15 6 1 487'l44 15 6 I J-—workmg Railways Department .. .. 3,389,385 3 6 321,727 10 2 3,067.657 13 4 206 10 8 3'o67's64 4 0 >, V.—.Public Buildings, Domains, and Maintenance of ttt xt 4- R0 l7 S : 114,213 15 8 14,821 1 9 99,392 13 11 .. 99,392 13 11 " VI.—Native Department .. .. .. 25,194 16 0 952 8 1 24,242 7 11 195 12 2 '4 438 0 1 " VII.—Justice Department 509,651 16 11 24,224 1 9 485,427 15 2 671 9 3 486'o99 4 5 " VIII.— Mmes Department .. .. .. 27,583 6 0 970 0 7 26.613 5 5 . 26'613 5 5 1 a.—Department of Internal Affairs .. .. 846,495 7 4 316,826 19 7 529,668 7 9 2,857 2 7 53->'525 10 4 _ S ° e , e r partment 452,71112 2 24,599 2 1 428,112 10 1 17,167 12 5 44o'*80 2 6 » JUL —Customs, Marme and Harbours, and Inspection .... _ of Machinery Departments .. .. 167,531 11 11 4,137 1 4 163,394 10 7 1,957 1 6 165,351 12 1 " Department of Labour .. .. .. 31,227 9 9 , 481 4 7 30,746 5 2 .. 30 746 5 2 " -kill.—Department of Lands and Survey .. .. 258,430 1 6 65,661 9 10 192,768 11 8 1,563 11 9 194*332 3 5 „ XIV. —Department of Agriculture, Industries, and Com--vv ™ m 4 6 . rCe T . 849,834 19 3 625,269 18 0 224,565 1 3 7,955 11 3 232,520 12 6 „ AV.-Education Department .. .. .. 1,714,455 11 4 203,200 0 2 1,511,255 11 2 14 15 10 1511270 7 0 Services not provided for : 150,597 8 5 144,80118 0 5,795 10 5 12,113 14 2 17'909 4 7 l £ s. d. £ s. d. ! 44,126 0 0 2,328 11 10 194,815 0 0 63,900 8 0 1,530,876 0 0 88,767 15 5 3,458,680 18 10* 390,816 14 10 114,710 0 0 15,317 6 1 26,066 0 0 1,627 19 11 525,032 0 0 39,911 15 10 37,877 0 0 11,263 14 7 618,730 0 0 87,005 13 7 521,141 0 0 75,860 17 6 194,698 0 0 29,346 7 11 34,515 0 0 3,768 14 10 275,430 0 0 81,144 9 6 262,845 0 0 30,324 7 6 1,562,879 0 0 51,650 1.5 1 ' i £ s. d. 44,126 0 0 194,815 0 0 1,530,876 0 0 3,458,680 18 10* 114,710 0 0 26,066 0 0 525,032 0 0 37,877 0 0 618,730 0 0 521,141 0 0 £ s. d. ! 2,328 11 10 | 63,900 8 0 j 88,767 15 5 390,816 14 10 ! 15,317 6 1 1,627 19 11 39,911 15 10 11,263 14 7 87,005 13 7 75,860 17 6 £ s. d. 1,980 18 6 45,036 10 11 979 0 3 S01 3 11 46 12 11 42 2 1 17,909 4 7 £ s. d. 1,980 18 6 45,036 10 11 979 0 3 S01 3 11 194,698 0 0 34,515 0 0 275,430 0 0 29.346 7 11 3,768 14 10 81,144 9 6 46 12 11 262,845 0 0 1,562,879 0 0 30,324 7 6 51,650 15 1 42 2 1 17,909 4 7 Total Consolidated Fund .. .. .. 10,353,736 14 5 1,902,258 16 .5 '8,451,477 18 0 44,703 1 7 8 496 180 19 7~1 I I ' I 9,402,420 18 10 j 973,035 12 5 66,795 13 2 • Includes £241,142 18e. 10d additional amount appropriated in terms of section 45 of the Public Revenues Act, 1910.

8.—6

48

Table No. 1— continued. STATEMENT showing the NET ISSUES from the NEW ZEALAND STATE FORESTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

STATEMENT showing the NET ISSUES from the STATE COAL-MINES ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

. i Issued. j W I Expenditure. Credits. Net Expenditure. Imprests. Total. Voted. Amount Unissued. Issued in Excess. i New Zealand State Forests Account :— £ s. d. £ s. d. £ s. d. ' 118 ' State Forests Branch of the Lands and Survey Department .. .. .. .. 41,912 17 1 61 3 6 41,851 13 7 £ s. d. £ s. d. 31 6 4 41,882 19 11 £ s. d. 42,197 0 0 £ s. d. 314 0 1 £ s. d. i — .. — Total .. .. .. 41,912 17 1 I 61 3 6 41,851 13 7 61 3 6 41,851 13 7 31 6 4 41,882 19 11 42,197 0 0 314 0 1 | I . I I I I I

O > ssued. Amount Unissued. Issued in Excess. Voted. Expenditure. Credits. Net Expenditure.; Imprests. Total. I State Coal-mines Account :— 119 ! State Coal-mines " Unauthorized " :— Services not provided for £ s. d. 267,058 12 2 876 6 8 £ s. d. £ s. d. 7,026 14 4 260,031 17 10 856 6 8 20 0 0 £ s. d. £ s. d. 1,020 1 6 261,051 19 4 20 0 0 £ s. d. 292,830 0 0 £ s. d. ! 31,778 0 8 j £ s. d. 20 0 0 Total 267,934 18 10 7,883 1 0 260,051 17 10 1,020 1 6 261,071 19 4 292,830 0 0 31,778 0 8 20 0 0 20 0 0

7—B. 6.

B.—o,

Table No. 1—continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND for the FINANCIAL YEAR ended 31st March, 1918, compared with the Sums voted under the Appropriation Act, 1917.

49

o > Issued. Amount Unissued. Issued IN Excess. Voted. UNISSUED. Expenditure. Credits. 1 Net Expenditure. Net Expenc diture. Ircj Imprests. pres :sts. Total. Total. Exces SS. !_ I L Class XVI. —Puelic Wobks, Depabtmentad:— £ s. d. Public Works, Departmental .. .. .. 132,125 1 0 £ s. d. 4.226 15 5 £ s. d. £ s. d. 4.226 15 5 127, S98 5 7 £ 127,898 s. d. 5 7 £ £ s. d. s. d. £ s. d. 127,898 5 7 £ s. d. 127,898 5 7 £ s. d. 135,000 0 0 £ s. d. £ s. d. 135,000 0 0 7,101 14 5 £ s. d. 7,101 14 5 £ £ s. s. d. . d. 90 Total Class XVI .. .. .. 132,125 1 0 4,226 15 5 127,898 5 7 4,226 15 5 127,898 5 7 127, S98 5 7 127, S98 5 7 135,000 0 0 135,000 0 0 7,101 14 5 7,101 14 5 ! 91 92 Class XVII. —Railways :— Railway-construction .. .. .. .. 344,386 10 4 Additions to Open Lines .. .. .. 200,837 9 7 48.777 0 3 295,609 10 1 675 9 11 200,161 19 8 0 1 0 295.609 11 1 200,161 19 8 400,000 0 0 104,390 8 II 250,000 0 0 49,838 0 4 Total Class XVII .. .. ..I 545,223 19 11 49,452 10 2 | 495,771 9 9 495,771 9 9 0 1 0 0 1 0 495,771 10 9 495,771 10 9 650,000 0 0 650,000 0 0 154,228 9 3 j 154,228 9 3 1 L 1 i J 93 94 95 96 97 98 99 100 101 102 Class XVIII. —Public Buildings (including Purchase oi Properties, Sites, Furniture, Fittings, &c.) :— General .. .. .. .. .. 49,416 14 2 Courthouses .. .. .. .. .. 35 4 11 Prisons .. .. .. .. .. 13,271 5 3 Police-stations .. .. .. .. 18,814 3 9 Postal and Telegraph .. .. .. .. 34 532 14 2 Agricultural .. .. .. .. .. 14 2 Mental Hospitals .. .. .. .. 26 643 6 9 Hospitals and Charitable Institutions .. .. 4'125 17 7 School Buildings .. .. .. .. 63!si3 0 10 Workers' Dwellings .. .. .. .. 15,505 5 11 537 11 1 48,879 3 1 14 0 0 21 4 11 76 12 2 13,194 13 1 18,814 3 9 1,008 5 6 33,524 8 8 5,684 14 2 141 3 11 26.502 2 10 45 12 7 4,080 5 0 730 19 6 63,082 1 4 15,505 5 11 0 10 0 48,879 3 1 21 4 11 13.194 13 1 18.814 13 9 33.524 8 8 5,684 14 2 26,502 2 10 4,080 5 0 63,082 1 4 15,505 5 11 41.250 0 0 2,000 0 0 1,978 15 1 16,000 0 0 2,805 6 11 25,000 0 0 6,185 6 3 50,190 0 0 16,665 11 4 7.000 0 0 1,315 5 10 45,000 0 0 18,497 17 2 10,000 0 0 i 5,919 15 0 100,900 0 0 : 37,417 18 8 20,000 0 0 4,494 14 1 7,629 3 ! 1 Total Class XVIII .. .. .. 231 842 7 6 2.554 4 9 229,288 2 9 2.554 4 9 229,288 2 9 0 10 0 0 10 0 229,288 12 9 229,288 12 9 316,940 0 0 95,280 10 4 316,940 0 0 95,280 10 4 7,629 3 7,629 3 1 : 1 I 103 104 105 Class XIX. — Lighthouses, Habbgub-wobks, and Habboub-defences :— Lighthouses .. .. .. .. .. 560 13 1 Harbour- works .. .. ., .. 2,663 2 1 Harbour-defences .. .. .. .. 58 7 7 560 13 1 304 3 3 2,358 IS 10 2 5 0 56 2 7 3U4 3 2 5 3 0 560 13 1 2,358 18 10 56 2 7 560 13 1 2,358 18 10 56 2 7 560 13 1 2,358 18 10 56 2 7 765 0 0 204 6 11 5,000 0 0 2,641 1 2 2,000 0 0 1,943 17 5 765 0 0 5,000 0 0 2,000 0 0 204 6 11 2,641 1 2 1,943 17 5 Total Class XIX .. .. .. 3 28° 2 9 3,282 2 9 306 S 3 2,975 14 6 306 S 3 2,975 14 6 2,975 14 6 2,975 14 6 7,765 0 0 4,789 5 6 7,765 0 0 4,789 5 6 I I Class XX. — Toubist and Health Resobts (in- ~ eluding Sites, Furniture, Fittings, &c.) :— Tourist and Health Resorts .. .. .. ggg 24 0 35 0 0 931 14 0 931 14 0 5,200 0 0 4,268 6 0 106 966 14 0 35 0 0 931 14 0 931 14 0 5,200 0 0 f 4,268 6 0 Total Class XX .. .. .. u«« 14. n 35 fl fl 931 14. n 931 U 0 5.200 Oo! 4.268 6 O 966 14 0 35 0 0 931 14 0 931 14 0 5,200 0 0 4,268 6 0

8.—6.

Table No. 1— continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND, &c.— continued.

50

E4 O "5 Issued. Total. Voted. Amount Unissued. Issued in Excess. ' Expenditure. Credits. Net Expenditure. Imprests. Class XXI.—Immigration :— £ s. d. 107 1 Department of Immigration .. .. .. 10,229 2 9 £ s. d. £ s. d. £ s. d. i £ s. d. 6,373 9 7 3,855 13 2 .. 3,855 13 2 £ s. d. 3,855 13 2 £ s. d. £ s. d. 3,855 13 2 £ s. d. £ s. d. 7,500 0 0 3,644 6 10 £ s. d. 7,500 0 0 £ s. d. 3,644 6 10 £ s. d £ £ s. d. i. Total Class XXI .. .. .. 10,229 2 9 10,229 2 9 | 6,373 9 7 6,373 9 7 3,855 13 2 .. 3,855 13 2 I 3,855 13 2 3,855 13 2 7,500 0 0 3,644 6 10 7,500 0 0 3,644 6 10 i Class XXII. — Construction, Maintenance, and \ Supervision of Roads, Bridges, and other Public Works: — 108 Roads, &c. .. .. .. .. .. 120,996 17 2 109 Baokblock Roads, &o. .. .. .. ..! 19,231 7 2 110 Roads and other Works on Goldflelds and Mineral Lands .. .. .. .. .. 6,912 3 5 10,854 8 2 110,142 9 0 275 12 9 110,418 1 9 643 7 11 ; 18,587 19 3 4,342 5 10 22,930 5 1 0 10 0 6,911 13 5 .. 6,911 13 5 358,505 0 0 248,086 18 3 72,380 0 0 49,449 14 11 20,200 0 0 13,288 6 7 Total Class XXII .. .. .. 147,140 7 9 11,498 6 1 135,642 1 8 4,617 18 7 140,260 0 3 j 11,498 6 1 135,642 1 8 4,617 18 7 140,260 0 3 j 451,085 0 0 310,824 19 9 451,085 0 0 310,824 19 9 ■ i I i I !__ Class XXIII. —Development of Mining :— 111 Development of Mining .. .. .. 72 5 4 Total Class XXIII .. .. .. 72 5 4 72 5 4 44 IS 11 27 6 5 .. 27 6 5 44 18 11 ; 27 6 5 .. 27 6 5 44 18 11 27 6 5 j °7 6 5 1.450 0 0 1,422 13 7 1.450 0 0 i 1,422 13 7 1,450 0 0 1,422 13 7 72 5 4 44 18 11 j 27 6 5 °7 6 5 1.450 0 0 1,422 13 7 L i I 1 | [ ; i Class XXIV. —Telegraph Extension. ! 112 Telegraph Extension .. .. .. .. 150,607 16 6 I — i I _j i i 33,342 8 7 j 117,265 7 11 109,370 14 4 226.636 2 3 | 250,000 0 0 23,363 17 9 23,363 17 9 — — Total Class XXIV .. .. ..I 150,607 16 6 I 113 33,342 S 7 ! 117,265 7 II 109.370 14 4 j 226.636 2 3 250,000 0 0 I 23,363 17 9 = J I j Class XXV. —Contingent Defence :— 113 1 Contingent Defence .. .. .. .. 6,713 15 6 j 6,713 15 6 | .. 6,713 15 6 6,713 15 6 15,000 0 0 8,286 4 6 j 15,000 0 0 6,713 15 6 8,286 4 6 : . 114 115 Total Class XXV .. .. ..| 6,713 15 6 6,713 15 6 6,713 15 6 .. 6,713 15 6 6,713 15 6 6,713 15 6 15,000 0 0 8,286 4 6 | 15,000 0 0 8,286 4 6 Class XXVI. —Lands Improvement :— 114 Improved-farm Settlements .. .. .. 612 1 4 115 Lands: Miscellaneous.. .. .. .. 2,317 1 0 1,091 1 1 O, 478 19 9 175 13 5 Cr. 303 6 4 2.317 10 .. 2,317 1 0 2,000 0 0 ! 2,303 6 4 13,000 0 0 j 10,682 19 0 Total Class XXVI .. .. .. 2,929 2 4 _ .. — = j 116 1,091 1 1 1,838 1 3 ! 175 13 5 ! 2.013 14 8 I ' l_ 1,091 1 1 1,838 1 3 175 13 5 2,013 14 8 15,000 0 0 | 12,986 5 4 | 15,000 0 0 12,986 5 4 Class XXVII. —Ireigation and Water-supply :— : 116 Irrigation and Water-supply .. .. .. 11.953 6 6 303 0 11 11,650 5 7 .. 11,650 5 7 I 11,650 5 7 j 30,000 0 0 18,349 14 5 30,000 0 0 18,349 14 5 303 0 11 11,650 5 7 i - Total Class XXVII .. .. .. 11,953 6 6 I 303 0 11 11,650 5 7 .. 11,650 5 7 303 0 11 11,650 5 7 [ 11,650 5 7 30,000 0 0 18,349 14 5 30,000 0 0 18,349 14 5 j I I I I Class XXVIII. —Plant, Materiax, and Stores :— j '117 Plant, Material, and Stores .. .. .. 20,628 11 7 ! 1117 I I 13.818 6 9 6,810 4 10 2 10 0 6,812 14 10 I 2 10 Oi 6,812 14 10 15,000 0 0 8,187 5 2 _ . 15,000 0 0 8,187 5 2 I Total Class XXVIII .. .. 20,628 11 7 13,818 6 9 6,810 4 10 2 10 0 6,812 14 10 13,818 6 9 6,810 4 10 2 10 0 6,812 14 10 15,000 0 0 8,187 5 2 I 15,000 0 0 8,187 5 2 ' I - Unauthorized " :— I .. Services not provided for .. .. .. 4,175 14 3 4,111 16 11 63 17 4 .. 63 17 4 " 63 17 4 63 17 4 63 17 4 Total'-Unauthorized" .. .. 4,175 14 3 I 4,111 16 11 ; 63 17 4 .. 63 17 4 63 17 4 63 17 4 63 17 4 I i ' i i

51

8.—6

Table No. 1— continued. STATEMENT showing the NET ISSUES from the PUBLIC WORKS FUND, &c.—continued.

STATEMENT showing the NET ISSUES from the ELECTRIC SUPPLY ACCOUNT* for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

STATEMENT showing the NET ISSUES from the AID TO WATER-POWER WORKS ACCOUNT* for the FINANCIAL YEAR ended 31st March, 1913, compared with the Amount voted under the Appropriation Act, 1917.

I Issued. Voted . Amount Unissued. Issued inExcess. Expenditure. •JCreilits. Net Expenditure. Impreats. Total. SUMMARY. £ s . d . Class XVI.— Public Works. Departmental .. .. 132,125 1 0 XVII.— Railways .. .. .. .. 545,223 19 11 „ XVIIL— Public i Buildings.. .. .. .. 231,842 7 6 „ XIX. —Liahthouses. Harbour-works, and Harbour- " defences .. .. .. .. 3,282 2 9 XX.—Tourist and Health Resorts .. .. 966 14 0 XXI.—Immigration .. .. .. .. 10,229 2 9 „ XXII. —Construction, Maintenance, and Supervision of Roads, Bridges, and other Public Works 147,140 7 9 „ XXIII. —Development of Mining .. .. .. 72 5 4 „ XXIV.— Telegraph Extension .. .. .. 150,607 16 6 XXV.— Contingent Defence .. .. .. 6,713 15 6 „ XXVI. —Lands Improvement .. .. .. 2,929 2 4 „ XXVII.— Irrigation and Water -supply .. .. 11,953 6 6 „ XXVIIL— Plant, Material, and Stores .. .. 20,628 11 7 Services not provided for .. .. .. .. 4,175 14 3 £ s. d. 4,226 15 5 49,452 10 2 2,554 4 9 306 8 3 35 0 0 6,373 9 7 £ s. d, 127.898 5 7 495.771 9 9 229,288 2 9 2.975 14 6 931 14 0 3,855 13 2 £ s. d. £ s. d. 127,898 5 7 0 1 0 495,771 10 9 0 10 0 229.288 12 9 2,975 14 6 931 14 0 3,855 13 2 £ s. d. £ s. d. 135,000 0 0 7.101 14 5 650.000 0 0 154,228 9 3 316,940 0 0 95.280 10 4 7,765 0 0 4,789 5 6 5,200 0 0 4,268 6 0 7.500 0 0 3,644 6 10 £ a. d. 7,62." 3 1 11,498 6 1 44 18 11 33,342 8 7 1,091 1 1 303 0 11 13,818 6 9 4,111 16 11 135.642 1 8 27 6 5 117,265 7 11 6.713 15 6 1.83S 1 3 11,650 5 7 6.810 4 10 63 17 4 4.617 18 7 140,260 0 3 27 6 5 109,370 14 4 226,636 2 3 6,713 15 6 175 13 5 2,013 14 8 11,650 5 7 2 10 0 6,812 14 10 63 17 4 451.085 0 0 310,824 19 9 1,450 0 0 1.422 13 7 250.000 0 0 23.363 17 9 15.000 0 0 8,286 4 6 15,000 0 0 12,986 5 4 30,000 0 0 18,349 14 5 15,000 0 0 8.187 5 2 63 17 4 Total Public Works Fund .. .. .. 1,267,890 7 8 127, 158 7 5 1,140,732 0 3 114,167 7 4 1.254,899 7 7 jl,899, 940 0 0 652,733 12 10 7,693 0 5

1 EH j ° ssued. lpreats. Total. Voted. Amount Unissued. Issued inExcess. • Expenditure. Credits. Net Expenditure. Imprests. Total. I J L I i Electric Supply Account :— ; 122 Development of Water-power .. £ s. d. ! 24,390 11 6 | £ s. d. 3,860 9 10 £ s. d. 20,530 1 8 £ s. d. 29 13 6 £ s. d. 20,559 15 2 £ s. d. 48,796 6 7-fj £ s. d. 28,236 11 5 £ s. d. Total 24,390 11 6 3,860 9 10 20,530 1 S 29 13 6 20.559 15 2 i 48,796 6 7 28,236 11 5 * Formerly the Aid to Water-power Works Account. Title altered as from 31st October, 1917, by the State Supply oi Electrical Energy Act, 1917, section 8 (1). to Water-power Works Account. t £6,203 13s. 5d., balance of amount voted, expended under the Aid

Issued. Issued E4 O Voted. Amount Unissued. in Expenditure. Credits. Net Expenditure] Imprests. Total. Excess. Aid to Water-power Works Account :— Development of Water-power Total £ s. d. 25,365 19 8 25,365 19 S £ s. d. 19,162 6 3 j 19,162 6 3 £ s. d. 6,203 13 5 6,203 13 5 £ s. d. £ s. d. 6,203 13 5 6,203 13 5 £ s. d 6,203 13 5f £ s. d. £ s. d. 122 6,203 13 5 6,203 13 5 6,203 13 5 * Name of account altered to Electric Supply Account as from 31st October, 1917, in accordance with the provisions ot section 8 (1), State Supply of Electrical Energy Act, 1917. transferred to the Electric Supply Account. t £48,796 6s. 7d., balance of amount voted,

8.—6

52

Table No. 1—continued. STATEMENT showing the NET ISSUES from the TELEGRAPH EXTENSION ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

STATEMENT showing the NET ISSUES from the NATIONAL ENDOWMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

o Issued. Expenditure. Credits. Net Expenditure. Imprests. Issued. Total. Voted. Amount Unissued. Issued inExcess. I Telegraph Extension Account: — •Telegraph Extension £ s. d. £ s. d. £ s. d. , £ s. d. 130,129 10 9 33,440 5 8 96,b89 5 1 £ s. d. 96,689 5 1 £ s. d. 96,689 8 7 £ s. d. I 0 3 6 | £ s. d. Total 130,129 10 9 33,440 5 8 96,689 1 96,689 96.689 5 1 96.689 5 1 96,689 8 7 96,689 8 7 0 3 6 0 3 6 * Amount appropriatedby section 34, Appropriation Act, 1917.

o _ Expenditure. Issued. Credits. Net Expenditure. Imprests. Total. Voted. Amount Unissued. Issued in Excess. _!_ National Endowment Account :— *Roads to open up National Endowment Lands .. £ s. d. 2,531 7 5 £ s. d. £ s. d. 2,531 7 5 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 2,379 6 9 £ s. d. 2,379 6 9 | £ s. d. Total 2,531 7 5 2,531 7 5 2,531 7 5 2,531 7 5 2,379 6 9 2,379 6 9 _l -' * Amount appropriated by section 34, Appropriation Act, 1917.

EH o > Expenditure. Credits. N issued. "Jet Expenditure. Issued. Imprests. Total. Voted. Amount Unissued. Issued in Excess. Expenditure. Credits. Net Expenditure. Imprests. Total. Land foe Settlements Account :— 120 Land for Settlements Expenses " Unauthorized "— Services not provided for '• £ s. d. 5,497 3 6 25,872 9 6 £ s. d. 12 4 0 £ s. d. ! 5,484 19 6 25,872 9 6 £ s. d. £ s. d. 5,484 19 6 25,872 9 6 £ s. d. 9,758 0 0 £ s. d. 4,273 0 6 £ s. d. 25,872 9 6 Total 31,369 13 0 12 4 0 i 12 4 0 31,357 9 0 31,357 9 0 31,357 9 0 31,357 9 0 9,758 0 0 4,273 0 6 25,872 9 6

53

8.-6

Table No 1— continued. STATEMENT showing the NET ISSUES from the LAND FOR SETTLEMENTS ACCOUNT (OPENING UP CROWN LANDS FOR SETTLEMENT ACCOUNT) for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

STATEMENT showing the NET ISSUES from the NATIVE LAND SETTLEMENT ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

STATEMENT showing the NET ISSUES from the RANGITAIKI LAND DRAINAGE ACCOUNT for the FINANCIAL YEAR ended 31st March, 1918, compared with the Amount voted under the Appropriation Act, 1917.

The Treasury, 30th April, 1918. G. F. C. Campbell, Examined and found correct. Secretary to the Treasury. Robert J. Collins, t t t? Controller and Auditor- General J - J - Accountant to the Treasury.

EH o Expenditure. Credits. Issued. Net Expenditure. Imprests. Total. Voted. Amount Unissued. Issued IN Excess. i Land for Settlements Account (Opening up Crown Lands for Settlement Account) :— £ s. d. 121 1 Roads to open up Land for Settlements .. .. 44,320 3 2 £ s. d. 324 4 2 £ s. d. ! 43,995 19 0 £ s. d. £ s. d. 43,995 19 0 £ s. d. 100,000 0 0 I £ s. d. 56,004 1 0 ! £ s. d. ! Total .. .. .i .. 44,320 3 2 324 4 2 324 4 2 ! 43,995 19 0 43,995 19 0 43,995 19 0 43,995 19 0 100,000 0 0 100,000 0 0 56,004 1 0 56,004 1 0 l__ '

Issued. Voted. Amount Unissued. Issued in Excess. c > Expenditure. Credits. Net Expenditure. Imprests. Total. I Native Land Settlement Account :— 123 Native Land Purchase Expenses £ s. d. 2,081 14 1 £ s. d. 0 5 0 £ 2,081 s. d. 9 1 £ s. d. £ s. d. 2,081 9 1 £ s. d. 2,105 0 0 £ s. d. 23 10 11 £ s. d. Total 2,081 14 1 0 5 0 2,081 9 1 2,081 9 1 2,105 0 0 23 10 11

~ EO E Expenditure. Issued. Voted. Amount Unissued. Issued inExcess. Expenditure. Credits. Net Expenditure. Imprests. Total. ' ' . __. Rangitaiki Land Drainage Account :— 124 Rangitaiki Land Drainage Expenses £ s. d. 4,659 17 2 £ s. d. £ S d 4,659 17 2 i £ s. d. £ s. d. 4.659 17 2 £ s. d. 7,500 0 0 £ s. d. 2,840 2 10 £ s. d. Total 4,659 17 2 4,659 17 2 | 4.659 17 2 7,500 0 0 j 2.840 2 10 I

£.—6

54

Table No. 2. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918.

Annual Charge. Amount outstanding. Due Date. Sinking Funds. Net INDEBTBD- „ f NHSS. ±iate ' Int. S.F. Kbmabks. Amount. When payable. ' I I i ' I I II I I I i New Zealand Loans Act, 1908 — Aid to Public Works and Land Settlement Act, 1896 Aid to Public Works and Land Settlement Act, - 1900 I Aid to Public Works and Land Settlement Act, 1901 1 Aid to Publio Works and Land Settlement Aot, f 1902 | Aid to Publio Works and Land Settlement Aot, J 1903 1 Aid to Public Works and Land Settlement Act, 1904 Aid to Public Works and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Act,! 1906 1 Aid to Publio Works and Land Settlement Act, J 1907 1 Aid to Public Works and Land Settlement Act, 1908 Aid to Publio Works and Land Settlement Act, 1910 (Issued to cover expenses of raising £189,100 loan) Carried forward £ £ 200,000* 15 Aug., 1921 1,000 | (■ IMay, 1919 90,300 94,200 - 1 May, 1921 2,900 j I IMay, 1921 2,500 \ t 1 Dec, 1918 8.100 1 Dec.,1918 51,000 \ 104,500 \ 1 Dec, 1918 32,900 [ 1 Jan., 1921 10,000 j \ 1 Dec, 1921 30,400 | „.„ nn „ ( 1 Dec, 1919 187,600 f - il8 ' uuu \\ i Dec, 1922 157,990 . Uan., 1921 30,225 I j Uan., 1921 25,100 1 Feb., 1921 12,900 - 537,315 U Uan., 1922 2,500 | Uan., 1923 283,600+ i 1 Feb., 1924 25,000 ' \ Uan., 1926 565,500 1 Aug., 1923 209,500 1 Jan., 1921 61,750 \ I Uan., 1919 8,650 | Uan., 1919 S.700 ', „„ 0 qoo J Uan., 1919 5,000 f acSU ' 9UU - Uan., 1921 500,000 j Uan., 1922 346.800 j \ Uan., 1922 200 I (1 Jan., 1920 200,000 I „ fi „ 9nn ] Uan., 1922 167,000 I Ht "'^ uu 1 Uan., 1922 500,000 j { Uan., 1923 50,000 1 April, 1921 189,100 j I I 1 Dec, 1945 1,910 r 191 ' 010 J 1 Dec, 1945 3,968,125 £ 200,000 j 3J 1,000 -4 90,300 4 2,900 4£ : .. 2,500 ; 3J I .. 8,100 3| .. 51,000 | 4 32,900 4 10,000 4 30,400 4 187,600 4 : .. 157.990 i 4 : .. 30,225 4* j .. 25,100 ! 4 I .. 12,900 I 4 2,500 4 : .. 283,600 4 25,000 4J 565,500 4 209,500 4 61,750 3J ! .. 8,650 3i .. 8,700 4 ! .. 5,000 4 .. 500,000 3J .. 346,800 4 200 4 ! .. 200,000 3. 167,000 4 .. 500,000 4 ! .. 50,000 4 .. 189,100 4} 1,910 4J .. 3,968,125 £ 7,000 15 Feb. and 15 Aug. * Loan may be paid off at any time on six months' 40 1 May , 1 Nov. notice being given. 3,612 1 May . 1 Nov. 131 : 1 Mav ., 1 Nov. 87 1 June „ 1 Dee. 304 j 1 June ,. 1 Dec. 2,040 ; 1 June „ 1 Dec. 1,316 1 Jan. „ 1 July. 400 1 June , 1 Dee. 1,216 1 June „ 1 Deo. 7,504 1 June . 1 Deo. 6,320 1 Jan. „ 1 July. 1,360 I 1 Jan. „ 1 July. 1,004 1 Feb » 1 Aug. 516 1 Jan. . 1 July. 100 1 Jan. . 1 July. 11,344: 1 Feb. „ 1 Aug. t Loan may be paid off at any 1,125 l 1 Jan. „ 1 July. time on six months' notice 22,620 | 1 Feb. „ 1 Aug. being given. 8,380 ' 1 Jan. , 1 July. 2,161 Uan. „ 1 July. 324 I 1 Jan. . 1 July. 348 I 1 Jan. . 1 July. 200 1 Jan. » 1 July. 17,500 i Uan. „ 1 July. 13,872 ; 1 Jan. „ 1 July. 8 : 1 Jan. . 1 July. 7,000 1 Jan. . 1 July. 6,680 ' 1 Jan. „ 1 July. 20,000 Uan. . Uulv. 2,000 I April ,. 1 Oot. 8,509 1 June „ 1 Dec. J Repayable at the option of the Government on or after 86 [ 1 June „ 1 Dec. 1st December, 1925, by giving three months' notice in the London Gazette. 155,107 |

B. —6

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

55

ANNUAL CHABGE. — Amount outstanding. Doe Date. Funds' i T I i i Net : Indebted- t».»- ™„ Rate. Amount. When payable. Int. | S.F. . . . Remarks. £ £ £ Brought forward .. .. .. .. 3,968,125 Aid to Public Works and Land Settlement Act, f S'nSn ' .At. n™ '01 i*" - '1122 1Q11 N o0,000 149,000 -31Mar., 1920 a i 50,000 j 131 Mar., 1920 Aid to Public Works and Land Settlement Aot, [ 11,200 | . QR rn _ 115 April, 1920 1912 I 175,300 J i8t, ' jUU ,15 April, 1920 625,000 1 Nov., 1919 1,100,000 j 1 May, 1920 Aid to Public Works and Land Settlement Act,, 2^ ; 000 £ gov-. ■ ■ 914 500,000 I IMay, 1921 | 45,100 I 1 Nov.. 1922 * 100,000 / V 1 Feb., 1923 I / 165,000 , / i May, 1918 50,000 1 May, 1919; 50,000 ' 1 Nov., 1919 Aid to Water-power Works Act, 1910 .. 1 424,000- Jnov^I^O j 1 May,'1921 '.'. 10,000 1 May, 1922 50,000 1 May, 1923 Appropriation Act, 1912 (Irrigation and Water-j 10,000 1 % - mn , N lqlq supply Account) ( 5,000 j "-"W X JN0V " lyla Appropriation Act, 1917 (Cold-storage Advances .. 23,250 1 Mar., 1923 Account) ( 10,000 ) ( 1 April, 1918 Coal-mines Act, 1908 .. .. .. \ 110,000 - 150,000 -! 1 April, 1919 I 30,000 ) I 1 April, 1921 Coal-mines Act, 1908 (Appropriation Act, 1912) .. .. 25,000 1 April, 1919 Discharged Soldiers Settlement Act, 1915, and/ 36,000 I ,nn nnr, I 1 Mar., 1921 Amendment Act, 1916 \ 64,000 J lUO.OUU - utar.,192S Discharged Soldiers Settlement Act, 1915, and' 20,000 | „„ nnn !■ 1 Mar., 1922 Finance Act, 1917 (section 82) 1 40,000 f bu,uuu i , 1 Mar, 1923 District Railways Purchasing Acts, 1885-86 .. .. 40,000 1 July, 1919 Finance Act, 1909 .. .. .. .. .. 46,901 ! 1 Aug., 1920 11,095,360 ' * 15 Dec, 1920 ;\ 86,240 - 2,00o,030 - lo Dec, 1930 1 '- 16;930 15 Dec! 1935 474,115 J U-5 Dec, 1940 j Carried forward .. .. .. .. 9,842,806 £ % % \ £ 3,968,125 .. .. 155,107 49,000 3| .. 1,837 1-Jan. and Uuly. 50,000 3iJ .. 1,750 Uune . 1 Dec. 50,000 3| .. 1,875 Uune . 1 Dec. 11,200 4 .. 448 15 April . 15 Oct. 175,300 3| .. 6,574 15 April , 15 Oct. 625,000 4 .. 25,000 IMay . 1 Nov. 1,100,000 4 .. 44,000 IMay „ 1 Nov. 220,000 4 .. 8,800 IMay „ 1 Nov. 59.900 4 .. 2,396 30 June „ 31 Dec. 500,000 4 .. 20,000 IMay „ 1 Nov. 45,100 4 .. 1,804 IMay „ 1 Nov. 100,000 4 .. 4,000 1 Feb. „ 1 Aug. 165,000 4 .. 6,600 IMay „ 1 Nov. 50,000 4 .. 2,000 IMay „ 1 Nov. 50,000 3| .. 1,875 IMay „ 1 Nov. 14,000 4 .. 560 IMay „ 1 Nov. 30,000 4 .. 1,200 IMay „ 1 Nov. 55,000 4 .. 2,200 IMay „ 1 Nov. 10,000 4 .. 400 IMay „ 1 Nov. 50,000 4 .. 2,000 IMay , 1 Nov . J 10,000 3f .. 375 IMay ., 1 Nov. 5,000 4 .. 200 IMay . 1 Nov. 23,250 4 930 1 Mar. „ 1 Sept. 10,000 3| .. 350 1 April . 1 Oct. 110,000 3j .. 4,125 1 April „ 1 Oct. 30,000 4 .. 1,200 1 April „ 1 Oct. 25,000 3| .. 937 1 April . 1 Oct. 36,000 4 .. 1,440; 1 Mar. „ 1 Sept. 64,000 4 .. 2,560 1 Mar. „ 1 Sept. 20,000 4 .. 800 1 Mar. „ 1 Sept. 40,000 4 .. 1,600 1 Mar. „ 1 Sept. 40,000 4 .. 1,600 1 Jan. .. Uuly. 46.901 4 .. 1,876 1 Feb. „ 1 Aug. 2,005,030 4$ .. 90,226 15 June „ 15 Dec. 9,942,806 .. .. 399,645 ' 9,842,806

8.—6

56

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918—continued.

Amount outstanding. Due Date. Sinking ivdertfdFunds. ls °™ ED Rate. Int. ' S.F. Annual Charge. Remarks. Amount. When payable. Annual Charge. i J i i i - Brought forward Finance Aot, 1915 (New Zealand Loans Amendment Act, 1915) — continued. (Section 106) Finance Act, 1916 (New Zealand Loans Act, 1908, and Amendment Act, 1915) — Section 35 (War Expenses) £ £ 9,842,806 ! 100,000 h i r31 Dec. 1920 45,875 Uan., 1921 17,200 1 Feb.. 1921 300 IMar.. 1921 4,000 , I 1 May, 1921 23,325 I Uan.. 1926 11,200 , 1 May. 1926 5,200 Uan., 1931 800 I 1 Jan.. 1936 1,000 I IMay, 1936 1,600 f- 2,123,000-, 1 Jan.. 1941 178,600 1 Feb., 1941 127,500 31 Mar., 1941 71,700 1 April. 1941 19,500 15 April. 1941 153,800 IMav, 1941 276,600 Uune, 1941 500 30 June, 1941 917,500 1 July, 1941 160,000 1 Aug., 1941 6,800 J _ 1 Sep., 1941 1,120,000 ( 1 April. 1922 1,191,200 I 1 Sep.. 1941 5,848,600 1 Sep.,1930 f 355,000 22 Aug., 1921 205,000 31 Aug., 1921 265,000 ' I 9 Sep.,1921 100,000 30 Sep., 1921 115,000 31 Oct., 1921 85,000 30 Nov., 1921 24,000 31 Dec, 1921 60,000 ; 31Jan,1922 40,000 i 28Feb.,1922 24,700 1 IMar.. 1922 ,, [-14,123,600 -J 1 20,000 ; 6 Mar., 1922 15,000 ; j 9Mar., 1922 15,000 ; 19Mar., 1922 30,000 I 11 April,1922 14,000 j 19 April,1922 15,000 3 May, 1922 18,000 I 18 May, 1922 16,000 j 5 June, 1922 20,000 I 21 June, 1922 10,000 | 11 July, 1922 L 17,100 1 4 Aug., 1922 4,500,000$ j 26,089,406 £ £ % % 9,842,806 100,000 4J 45,875 44 17,200 4* .. 300 4j 4,000 4| 23,325 4* 11,200 4| 5,200 4§ 800 44 1,000 44 1,600 44 178,600 44 127,500 44 71,700 44 19,500 4A 153,800 44 276,600 44 500 44 917,500 44 160,000 44 6,800 44 1,120,000 4" ) 1,191,200 44 5,848,600 4* 355,000 44 205,000 4* 265,000 4* 100,000 44 115,000 ' 44 95,000 4J 24,000 11 60,000 44 40,000 4J 24,700 44 20,000 44 15,000 4| 15,000 44 30,000 13, 14,000 44 15,000 44 18,000 ii 16,000 4| 20,000 44 10,000 44 17,100 4* 4,500,000 5 26,089,406 £ 398,645 4,500 30 June and 31 Dec 2,064 1 Jan. „ 1 July. 774 1 Feb. . 1 Aug. 14 1 Mar. . 1 Sept. 180 1 May . 1 Nov. 1,050 Uan. „ Uuly. 504 1 May „ 1 Nov. 234 1 Jan. „ 1 July, j 36 1 Jan. „ 1 July. 45 1 May „ 1 Nov. 72 1 Jan. „ 1 July. 8,037 1 Feb. „ 1 Aug. 5,738 31 Mar. „ 30 Sept. 3,226 1 April . 1 Oct. S77 15 April . 15 Oct. 6,921 IMay „ 1 Nov. 12,447 1 June „ 1 Dec. 22 I 30 June „ 30 Dec. 41,288 I 1 Jan. „ 1 July.: 7,200 1 Feb. „ 1 Aug. 306 1 Mar. . 1 Sept. 44,800 1 April „ 1 Oct. 53,604 1 Mar. . 1 Sept. 263,187 1 Mar. „ 1 Sept. 15,975 22 Feb. „ 22 Aug. 9,225 28 Feb. „ 31 Aug. 11,925 9 Mar. „ 9 Sept. 4,500 31 Mar. , 30 Sept. 5,175 30 April „ 31 Oct. 3,825 31 May „ 30 Nov. 1,080 30 June „ 31 Deo. 2,700 3 Uan. „ 31 July. 1,800 28 Feb. „ 31 Aug. 1,111 IMar. „ 1 Sept. 141,236+ * War-loan certificates. In900 6 Mar. „ 6 Sept. vested in war bonds. 675 9 Mar. , 9 Sept. 675 19 Mar. „ 19 SeDt. + Sinkine fund 1 per cent. 1.350 11 April „ 11 Oct. pavable on £14,123,600 630 19 April . 19 Oct. for 1918-19. 675 3 May „ 3 Nov. 810 18 May „ 18 Nov. % Memorandum of security 720 5 June „ 5 Dec issued to Imperial 900 21 June „ 21 Dec. Government dated 450 11 Jan. „ 11 July. 26 March. 1917. 769 4 Feb. . 4 Aug. 236,842§ 1 June „ 1 Dee. S Interest on capital liability of £4,736,842, being £100 1,299,719 for every £95 advanced. * Carried forward 4 3 -

57

8.—6.

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

B—B. 6.

Amount outstanding. Due Date. Annual Chakge. fu™ lNI ?™J EI> - Rate. Remarks. - ' ' ' Amount. When payable. Int. S.F. Remarks. Brought forward Finance Act, 1916 (New Zealand Loans Act, , 1908, and Amendment Act, 1915)— Section 35 (War Expenses) .. .. J Appropriation Act, 1917 (section 27) .. Finance Act, 1916— ( Section 49 (Public Works) Finance Act, 1916— ( Section 50 (State Forests) Finance Act, 1917 — { Section 77 (Aid to Public Works) Fruit-preserving Industry Aot, 1913 — Finance Act, 1917 (section 80) Government Railways Aot, 1908 — Railways Improvements Authorization Acts, J! 1904-7 Government Railways Act, 1908 — ( Finance Act, 1909 .. .. .. j Government Railways Amendment Act, 1910 -j I Hauraki Plains Amendment Act, 1913 and 1914 4 j Hutt Railway and Road Improvement Acts, 1903,-: 1905, 1907, and 1910 Irrigation and Water-supply Act, 1913 .. Kauri-gum Industry Amendment Act, 1914 Carried forward £ £ ; 26,089,406 ! 7,900* : 1 4 Aug., 1922 8,000* Y 17]9()0 J 6Sept.,1922 2,000*:J [ 2 Oct., 1922 300,000 \ I 1 Aug., 1921 350,000 '.1,000,000 : 1 Aug., 1922 350,000 j : ( IFeb., 1923 10,000 1 ! t 1 Aug., 1921 1,000 ! „„ lnn ' IFeb., 1922 25,000 f ».«« 1 1 Aug., 1922 2,100 I (l Feb., 1923 125,000 IFeb., 1923 18,400 \\ I 1 April,1920 6,500 _c rnn ] 1 April, 1921 10,800 I «>.< uu 1 14001,1922 11,000 j 1 lApril,1923 140,000 1 /30 June, 1920 2,000 I ' lAug., 1920 67,500 I 229,800 -I Uan., 1922 3,300 i I IFeb., 1922 17,000 j : \30 June, 1922 50,000 I ! (30 June, 1920 7,000 - 58,400 \ IFeb., 1922 1,400 I I 1 Feb., 1923 42,560 \ ( Uan., 1919 10,000 : Uan., 1919 4,980|l i«_ .on I Uan., 1920 5,000 f lo '' 0du "| Uan., 1920 53,350 IFeb., 1922 51,640 . V Uan., 1923 14,000 I r 000 J IFeb., 1919 11,000 I D . uuu -j IFeb., 1920 100,000 \ \( 1 May, 1918 5,190 30 June, 1918 2 ' 000 I 306 680 4 X May ' 1919 127,000 f duD ' Dau 1 IMay, 1920 17,300 1 Jan., 1922 55,190 / IFeb., 1922 35,000 ) { lOct., 1918 40,100 \ 100,000 • lOct., 1919 24,900 J lOct., 1920 14,000 ) t 1 Nov., 1919 18,000 I 47,000 4 1 Nov., 1920 15,000 J ( IMay, 1921 28,251,516 c- _? o/ j o/ r? 26,089,406 .. .. 1,299,719 7,900 44 .. 355 | 4 Feb. and 4 Aug. 8,000 4| .. 360 j 6 Mar. „ 6 Sept. j* War-loan certificates. In1 179f| vested in war bonds. 2,000 44 .. 90 2 ADril „ 2 Oct. f Sinking fund 1 per cent. 300,000 i .. 12,000 1 Feb. „ 1 Aug. payable on £17,900 for 350,000 4 .. 14,000 1 Feb. „ 1 Aug. 1918-19. 350,000 4 .. 14,000 1 Feb. „ 1 Aug. 10,000! 4 .'. 400 1 Feb. „ 1 Aug. 1,000 i_\ .. 42 1 Feb. „ 1 Aug. 25,000 4 ! .. 1,000 1 Feb. „ 1 Aug. 2,100 4 I .. 84 1 Feb. „ 1 Aug. 125,000! 4 ! .. 5,000 1 Feb. „ 1 Aug. 18,400! 4 ; .. 736 i 1 April . 1 Oct. 6,500 j 4 : .. 260: 1 April „ 1 Oct. 10,800 4 .. 432 i April „ 1 Oot. 11,000 4 .'. 440 1 April „ 1 Oct. 140,000 | 4 ! .. 5,600 I 30 June . 31 Deo. 2,000 j 4 j .. 80 I IFeb. . 1 Aug. 67,500! 4 j .. 2,700! Uan. . Uuly. 3,300 i 4 ! .. 132- IFeb. „ 1 Aug. 17,000: 4 ! .. 680 30 June . 31 Dec. 50,000 1 4 i .. 2,000 i 30 June „ 31 Dec. 7,000! 4 i .. 280: IFeb. „ 1 Aug. 1,400 4 ! .. 56 IFeb. . 1 Aug. 42,560! 4 .. 1,702 Uan. „ Uuly. 10,000! 3f .. 375 Uan. „ Uuly. 4,980 ! 4 .. 199! 1 Jan. „ Uuly. 5,000 I 3| .. 187! Uan. „ Uuly. 53,350 4 .. 2,134 : IFeb. . 1 Aug. 51,640! 4 .. 2,066 Uan. „ Uuly. 14,000 i 4 .. 560 IFeb. . 1 Aug. 11,000 4 .. 440 I IFeb. „ 1 Aug. 100,000 34 .. 3,500 I IMay . 1 Nov. 5,190 4 .. 208 j 30 June , 31 Dec 2,000 4 .. 80! IMay „ 1 Nov. 127,000 4 .. 5,080 ! IMay . 1 Nov. j 17,300 4 .. 692! Uan. . 1 July. •55,190 4 .. 2,208! IFeb. „ 1 Aug. 35,000 j 4 j .. 1,400 1 April . 1 Oct. 40,100 4 i .. 1,604 1 April „ 1 Oct. j 24,900 4 .. 996: 1 April . 1 Oct. 14,000 4 .. 560 IMay . 1 Nov. 18,000 4 .. 720 IMay „ 1 Nov. 15,000 4 .. 600 I IMay . 1 Nov. . I 28,251,516 .. .. 1,385,936 1

8.—6.

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

58

Annual Charge. I Amount outstanding. Due Date Sinking Funds. _.et : Indebted- B . NESS. " Kate - Int. | S.F. Amount. When payable. Remarks. ' Brought forward Lands Improvement and Native Lands Acquisition Act, 1894 £ £ 28,251,516 400,000 30 Sept., 1920 £ £ 28,251,516 400,000 % % 4 4 4 - .. 4 4 4 44 •• 4 44 .. 4 4 44 .. 4 4 4 4 1.. 4 4 4 .. 4 4 4 44 .. 44 •• 44 .. 4 4 4 44 .. 4 4 4J .. 4 £ 1,385,936 16,000 31 Mar. and 30 Sept. 16 , 1 Jan. „ 1 July. Outstanding, 31 March, 1918. 8,801 ; 1 Feb. „ 1 Aug. 400 i 1 Mar. „ 1 Sept. 3.420 IFeb. „ 1 Aug. 15,404 1 Jan. „ 1 Julv. 1,287 Uan. . Uuly. 331 | 1 Feb. . 1 Aug. 1,510 ! 1 Feb. , 1 Aug. 2,480 1 April „ 1 Oct. 1,560 , 1 May , 1 Nov. 184 ! 1 May „ 1 Nov. 32 31 Mar. „ 30 Sept. 28,152 1 Jan. . 1 July. 800 ! 1 April „ 1 Oct. 6,496 1 Feb. , 1 Aug. 472 1 April . 1 Oct. 6,433 1 Jan. „ 1 July. 1,600 1 April . 1 Oct. 1,040 1 May „ 1 Nov. 60 1 Jan. . 1 July. 3,080 15 Mar. „ 15 Sept. 14 1 Feb. . 1 Aug. 1,683 1 June „ 1 Dec. 'Repayable at the option of 17 1 June „ 1 Dec. the Government on or after 4,320 1 April „ 1 Oct. 1st December, 1925, by 1,576 ; 1 Jan. „ 1 July giving three months' notice 6,554 1 Feb. „ 1 Aug. in London Gazette. 400 . 31 Mar. , 30 Sept. 600 1 April „ 1 Oct. 638 31 Jan. . 31 July. 1,800 1 April „ 1 Oct: 180 1 Feb. „ 1 Aug. 812 31 Mar. ,, 30 Sept. 400 31 Mar. „ 30 Sept. 1,504,488 J f Land for Settlements Act, 1908 .. -j I I (Issued to cover expenses of raising £37,400 (. loan) f: Land Laws Amendment Act, 1913 .. -{ Carried forward 400 1 f 1 Jan., 1918 220,015 IFeb., 1920 10,000 IMar., 1920 85,500 1 Aug., 1920 385,110 , 1 Jan., 1921 28,600 Uan., 1921 8,270 IFeb., 1921 33,550 IFeb., 1921 62,000 1 April.1921 39,000 1 May, 1921 4,100 | 1 May, 1921 800 >-2,118,748 H 30Sept., 1921 703,800 ! Uan., 1922 20,000 Uan., 1922 162,400 IFeb., 1922 11,800 1 April, 1922 160,825 Uan., 1923 40,000 1 April, 1923 26,000 1 May, 1923 1,500 Uan., 1924 77,000 15 Mar., 1925 300 IFeb., 1926 37,400* 1 Dec, 1945 378 J (_ 1 Dec, 1945 108,000 ] r 1 April, 1919 39,400 Uan., 1920 163,850 IFeb., 1920 10,000 31 Mar., 1920 15,000 1 April,1920 15,000 3Uuly, 1920 45,000 1 Oot., 1920 4,500 |-1,029,150 - IFeb., 1921 19,100 30 Mar., 1921 10,000 31 Mar., 1921 31,799,414 400 220,015 10,000 85,500 385,110 28,600 8,270 33,550 62,000 39,000 4,100 800 703,800 20,000 162,400 11,800 160,825 40,000 26,000 1,500 77,000 300 37.400 378 108.000 39,400 163,850 10,000 15,000 15,000 45,000 4,500 19,100 10,000 31,200,114

59

8.—6

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

Annual Chabge. Amount outstanding. Due Date. Sinking Funds. ■ Net : 1— In t- | S.F. Annual t Amount. Chai hge. When payable. Remarks. Brought forward .. Land Laws Amendment Act, 1913 — continued. LI - f Land Laws Amendment Act, 1913, and Finance j Act, 1916 (section 41) Looal Bodies' Loans Act, 1908 — r Government Loans to Local Bodies Act, 1886 q Local Bodies' Loans Act, 1908 .. .. y Maori Land Settlement Act, 1905 .. i Maori Land Settlement Act Amendment Aot, 1907 Mining Amendment Act, 1913 .. r Native Land Amendment Act, 1913 .. -j £ 10,500 8,000 244,800 25,000 100,000 15,000 166,000 30,000 10,000 10,200 20.000 15,000 15,800 234.500 50,000 250,000 790,000 2p,000 370,000 416,000 1,200 145,000 37,975 7^000 4,500 98,500 250,000 160,000 2,400 275,000 1,500 100,000 20,000 2,400 50,000 55,000 2,400 3,000 £ 31.799,414 I 30 June, 1921 22 July, 1921 IMar., 1922 1 Oct., 1922 1 Dec, 1922 1 April, 1923 30 Mar., 1924 J , 31 Mar., 1924 ) (-30 Dec, 1923 . 55 200 j 1 Sept., 1926 1 0o ' MU -]26Mar., 1927 1,29 Mar., 1927 I 250,300 1 Sept., 1919 \ j/'l June, 1918 i 1 Mar., 1920 i-1 901 000 J 1 Jan '' 1921 >-±,au±,uuu K 1 Mar _- 1921 1 Mar., 1921 } \l Mar., 1923 ) ( 1 Jan., 1918 ;- 184,175 \ Uan., 1921 J { 1 Jan., 1923 50,000 1 Jan., 1921 I ,vi__i I IMay, 1919 jj n ' &0U 1 IMav, 1920 ') ' (1 April, 1919 ; 1 April, 1920 lOct., 1920 ! 1 Jan., 1921 S 1 April, 1921 ; 20 Jan., 1922 }-1,020, 200 - 1 April, 1922 1 April, 1922 1 Oct., 1922 1 Oct., 1922 1 April, 1923 1 Jan., 1926 J [5 Dec, 1937 35,271,789 £ 31,200,114 ' .. ! 10,500 4 8,000 4 244,800 4 25.000 4 100.000 4 15,000 4 166,000 4J 30,000 4| 10,000 44 10,200 44 20,000 5 15,000 44 I f 15,800 34 \ 234,500 4 50,000 : 34 j 250,000 ! 4 790,000 ' 4 ; 25,000 34 370,000 | 4 416,000 4 : 1,200 4 145,000 4 37,975 4 50,000 34 7,000 4 4,500 4 98,500 4 250,000 4 160.000 4 2,400 44 275,000 4" 1,500 44 100,000 4 20,000 I 4| j 2,400 j 44 ! 50,000 I 4 55,000 ! 4 2,400 ! 44 3,000 44 35,271,789 o/ J5 .'. 1,504,488 420 ! 30 June and 31 Dec. 320 22 Jan. „ 22 July. 9.792 1 Mar. . 1 Sept. 1,000 1 April „ 1 Oct. 4,000 1 June „ 1 Dec. 600 1 April „ 1 Oct. 7.470 31 Mar. . 30 Sept. 1,350 31 Mar. „ 30 Sept. 450 30 June „ 30 Dec. 459 1 Mar. „ 1 Sept. 1,000 26 Mar. „ 26 Sept. 675 29 Mar. „ 29 Sept. I . . • 553 ; 1 Mar. „ 1 Sept. | 9,380 ! 1 Mar. . 1 Sept. .. 1,750 Uune „ 1 Dec. 10,000 IMar. „ 1 Sept. 31,600 ' 1 Jan. ,.. 1 July. 875 1 Mar. . 1 Sept. 14,800 IMar. ,. 1 Sept. 16,640 IMar. „ 1 Sept. 48 1 Jan. „ 1 July. , Outstanding, 31 March, 1918. 5,800 1 Jan. „ 1 July. 1,519 1 Jan. „ Uuly. 1,750 Uan. „ Uuly. 280 I 1 May „ 1 Nov. 180 * 1 May „ 1 Nov. 3,940 1 April „ 1 Oct. 10,000 1 April „ 1 Oct. 6,400 1 April „ 1 Oct. 10S 1 Jan. „ 1 Julv 11,000 1 April „ 1 Oct. 68 20 Jan. ,, 20 July. 4,000 1 April „ 1 Oct. 850 1 April „ 1 Oot. 108 1 April , 1 Oct. 2,000 1 April „ 1 Oct. 2,200 1 April . 1 Oct. 108 I 1 Jan. . 1 July. 135 5 June „ 5 Dec. 1,668,116 Carried forward .. .. ..

8.-6

60

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

1 1 1 Annual Charge. AMOUNT HI I I £ I Amount outstanding. £ £ 35,271,789 125,000 ( 953,500 ) I 963,131- ( 9,631 J £ 35,271,789 125,000 [ 963, 131 j I Due Date. 31 Oct., 1922 1 Dec, 19451 1 Dec, 1945 FunST II ™™™- Rate. Remarks. Amount. When payable. Int. S.F. £ £ % % £ 35,271,789 j .. .. 1,668,116 125,000 4 .. 5,000 ; 30 April and 31 Oct. 953,500 44 .. 42,907 j Uuna » 1 Dec 4 71,807 .. 'Sinking fund 4 per cent. 9,631 44 .. 433| Uune and 1 Dec. pavable on £1,795,167 for 1918-19. Brought forward Native Land Purchases Act, 1892 / 953,500 Naval Defence Act, 1909* .. .. - - \ (Issued to cover expenses of raising £953,500 loan) ( 9,631 New Zealand Consols Act, 1908.. .. -. 469 147 21 i 6,845 11 469,147 j 4 '°- 9a^ 13,000 194,200 I 301,000 [ 84,500 j ,4 *>< U( J 165,000 J 75,000 1 25,000 ) 1UU ' WU 5,200 54,700 ; 60,700 800 ) 20,900 I 7,000 I Al > y uv 19,876,608 1 tleS 62,153,262 9,070,107 J 8,241,025 ) - 9,070,550 829,525 ) 2,500 '- 475,992 » 1 Feb., 1925 15 April, 1920 t 1 Feb., 1919 '31 Dec, 1919 1 31 Dec, 1919 ( 1 Jan., 1921 15 April, 1920 t 1 July, 1922 15 Oct., 1918 - 28 Nov., 1919 15 Oct., 1920 15 April, 1920 '15 April, 1920 ( 1 Nov., 1929 1 Jan., 1940 1 April, 1945 1 IFeb., 1963 ! 15 Nov., 1938 15 July, 1914 • ■ ! ( 6,845 34! .. 240 IFeb. . 1 Aug. I 1 469,147 4 ! .. 18,766 IFeb. „ 1 Aug. I tRepayable at the option ofthe Government, on or 13,000 3§| .. 487 15 April . 15 Oct. ! after 1 Dec, 1925, by giv194,200 3J ; .. 7,282 IFeb. „ 1 Aug. ing three months' notice 301,000: 4 .. 12,040 30 June „ 31 Dec. in London Gazette. 84,500 ! 34! .. 2,958 30June „ 31 Dee. 165,000 4 ■■ .. 6,600 Uan. „ 1 July. j 75,000. 3| .. 2,812 15 April „ 15 Oct. {Does not include £223,795 25,000 4 .. 1,000 Uan. „ Uuly. 4-per-cent. (1929),£1,032,365 5,200 4 .. 208 15 April . 15 Oct. 34 - per - cent., £2,990,000 54,700 4 : .. 2,188 28 May „ 28 Nov. 3-per-cent., and £1,814,521 800 4 32 ! 15 April „ 15 Oct. 4-per-cent. (1963) stock trans20,900 3f .. 784 ! 15 April „ 15 Oct. ferred to the State Advances 7,000 44 .. 315 1 15 ADril , 15 Oct. Office. 29,876,608 4 .. 1,195,064 1 IMay „ 1 Nov. 16,536,567 34 .. 578,780 I Uan. , Uuly. 6,669,980 : 3 .. 200,099 1 April „ 1 Oct. § Sinking fund 1 per cent. 9,070,107! 4 .. 362,804 IFeb. . 1 Aug. payable on £9,070,550 for 1918-19. (8,241,025 44 I) ( 370,846 15 May . 15 Nov. \\ 1§ \ 90,705 I S29,525 44 j I { 37,329! 15 May „ 15 Nov. i| £2,607 was credited to Consolidated Fund during 2,500|| .. .... .. .. 1915-16, and is held to meet the debentures outstanding when presented. New Zealand Loans Act, 1908 — Consolidated Loan Act, 1867.. i 194,200 I 301,000 Consolidated Stock Act, 1884 .. i 84 500 I 165 |000 l 75,000 Defence and other Purposes Loan Act, 1870 i 25 000 I 5^200 General Purposes Loan Act, 1873 .. I 54,700 } 800 Immigration and Public Works Loan Aot, 1870 I }29,8761608 New Zealand Consolidated Inscribed Stock J '.„.'' b,ob9, 980 I 9,070,107 New Zealand Insoribed Stock Act, 1917 .. 8,241,025 New Zealand Inscribed Stock Act, 1917 (Death 829,525 Duties) New Zealand Loan Aot, 1863 13,000 :■ 744,700 J- 100,000 [ 60,700 27,900 [62,153,262+ | 9,070,550 ■ 2,500 New Zealand State-guaranteed Advances Act. 1909— I 25 000 Land for Settlements Branch .. -j 470' 000 Carried forward 25,000 1 .q_ 00 „ 470,000 J aM0 ' uuu 109,503,524 l 495,000 109,503,524 J 1 Oct., 1948 t 1 April, 1949 I 25,000 34 .. 875 1 April and 1 Oct. 470,000 3| .. 17,625 1 April „ 1 Oct. 2,500 109,501,024 .. .. 4,698,102 I 1 1 1 _i_ l_

B. 6

61

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918—continued.

Annual i Annual Charge. Amount outstanding. AMOUNT OUTSTANDING. DUE DATE. FUNDS 1NDEBTEDDue Date. Sinking Funds. Net r Indebted- „ t ness. Eate - Int. S.F. ie. I A1NNUA1, I Amount. UUAt .KG HI. When payable. Remarks. r uimis. KESS Amount. When payable. ■ - i aiiiuiimi. v> lieu yay auie. 1 S.F. S.i). i ■ i. j L_ 1 111 I i : " Brought forward New Zealand State-guaranteed Advanoes Act, 1909 — continued. t Native Land Settlement Branch .. 4 Guaranteed Mining Advances Branch.. Local Authorities Branoh — Hauraki Plains Settlement Account .. 1 Opening up Crown Lands for Settlement | Account Rangitaiki Land Drainage Account .. J New Zealand State-guaranteed Advances Acts, 1909-10— r Land for Settlements Branch .. .-. -j Carried forward £ £ £ £ 109,503,524: .. 2,500 109,501,024: 90,000 1 ( 1 April, 1918 .. 80,000 20,000 1 Oct., 1947 .. 20,000 361,600 \ 546,100 I 1 Oct.. 1948 .. 361,600 54,500 j 1 April,1949 .. 54,500 ; 30,000 J I 1 April, 1949 .. 30,000 5,000 1 April, 1949 .. 5,000 j 10,000 : 1 I 1 April, 1918 .. 10,000 j 50,000 q . nnn ' 1 Oct., 1947 .. 50,000 ; 10,000 j yo ' uuu ~| 1 Oct., 1948 .. 10,000: 25,000 J [ 1 April, 1949 .. 25,000. 33,000 \ f 1 April, 1918 .. 33,000 112,000 ' 1 April, 1948 .. 112,000 3,515 j \ 217,740 -". 1 Oct., 1948 .. 3,515 60,425 I 1 April,1949 .. 60,425' 8,800 I I 1 April, 1949 .. 8,800 5,000 ) ( 1 April,1918 .. 5,000! 25,000 40,000 i 1 Oct., 1948 .. 25,000. 10,000 ) ( 1 April, 1949 .. 10.000 ' 33,000 'l f 1 April, 1918 .. 33,000 99,000 lOct., 1918| .. 99,000 600 ! INov., 1918 .. 600 S,000 i INov., 1918 .. 8,000 64,850! 1 Jan., 1919 .. 64,850' 12,350 j Uan., 1919 .. 12,350 ' 71,265 ' Uan., 1919 .. 71,265 21,500 : IFeb., 1919 .. 21,500 1 51,300 : 1 . - 0 „ qoi J IFeb,, 1919! .. 51,300 ! 22,500 i-- 1 . 0 -". 5 *" 1 lApril,1919: .. 22,500 30,000 '■ IMay, 19191 .. 30,000 15,300 : May, 1919: .. 15,300 i 6,000 IMar., 1920 .. 6,000 39,500 I April, 1922 .. 39,500 741,066 31 Oct., 1922! .. 741,066 73,700 31 Oct., 1922! .. 73,700 24,000 IMar., 1923 .. 24,000 210,000 J \{ lAug., 1923 .. 210,000 111,931,295 j .. 2,500 111,928,795 j O' i 4 34 3f 4 i 3| 4 ] 34 I 34 3} 4 34 34 3| 4 4 34 3J 4 34 1 34 3* 3| 4 4 4 4 , 4 4 4 34 4 4 % £ 4,698,102 3,200 1 April and 1 Oct. 700 1 April „ 1 Oet. 12,656 , 1 April „ 1 Oct. 2,044 1 April . 1 Oct. 1,200 1 April „ 1 Oct. 187 1 April „ 1 Oct. 400 1 April „ 1 Oct. ... 1,750 1 Aprii „ 1 Oct. 350 1 April „ 1 Oct. 937 1 April » 1 Oct. 1.320 1 April „ 1 Oct. 3,920 1 April „ 1 Oct. 123 1 April „ 1 Oct. .. 2,266 1 April „ 1 Oct. 352 1 April „ 1 Oct. 200 1 April „ 1 Oct. 875 1 April „ 1 Oct. , 375 ! 1 April „ 1 Oet. 1,320 1 April „ 1 Oct. 3,465 1 April „ 1 Oct. 24 1 May „ 1 Nov. 280 ; 1 May „ 1 Nov. 2,270 Uan. „ 1 July. 463 1 Jan. „ 1 July. 2,851 Uan. „ 1 July. 806 1 Feb. „ 1 Aug 2,052 IFeb. „ 1 Aug. 900 : 1 April . 1 Oct. 1,200 IMay „ 1 Nov. 574 1 May „ 1 Nov. 240 ■ 1 Mar. „ 1 Sept. 1,580 ! 1 April „ LOct. 29,643 30 April „ 31 Oct. 2,579 30 April „ 31 Oet. 960 1 Mar. , 1 Sept. 8,400 1 Feb. „ 1 Aug. | 4,790,564 \ I I

8.—6

62

Table No. 2— continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

Amount outstanding. Due Date. Amount outstanding. Due Date. Sinking Funds. =" ™^ Net indertedNESS. Rate. ' Int. j S.F. Rate. Remarks. ! Amount. When nn.vn.hle Annual Cha Amount. Annual Charge. 4RGF. When payable. Remarks. : 1 amount. When payable. Int. I S.F. I ! I I I I i i £ £ Brought forward .. .. .. .. 111,931,295: New Zealand State-guaranteed Advances Acts. 1909-10— continued. Native Land Settlement Branch .. \ l? 9 ' 909 I SO,000 H r .!> 19 * 9 ( 30,000 | | 1 April, 1949 Post and Telegraph Act, 1908 .. .. .. .. 200,000 1 July 1920 £ £ 2,500 111,928,795 50,000 30,000 200,000 GO/ 4* 4,790,564 3f •■ 1,875 1 April and 1 Oct. 33 •• 1,125 1 April . 1 Oct. 4 •■ 8,000 Uan. , Uuly. Public Revenues Act, 1910 (Reserve Fund Securities .. 800,000 1 Aug 1922 Act, 1907) Public Revenues Amendment Act, 1914 (section 8), 890,000 \ 1 Dec, 1945 (War Expenses) Public Revenues Amendment Act, 1915 (No. 2), (section 9)— (Issued to cover expenses of raising £890,000 8,990 \\ 0 nR7 ... 1 Dec, 1945 loan) ,-..,uoi,4l, - Finance Act, 1918 (section 17) .. .. 1,110,000* Public Revenues Amendment Act, 1915 (No. 2), (section 9)— (Issued to cover expenses of raising £1,110,000 58,421* \ loan) ' 4,000,000; , Public Revenues Amendment Act, 1915 (sections), 710.000; j (War Expenses)— j 1 Feb., 1921 Public Revenues Amendment Act, 1915 (No. 2), J 3,750 i \ 1ri „„,- nn* 1 Feb -> !9 2 ' 2 (section 2) \ 390,000 i f 10 '"^' , 1 May, 1921 3,200,000 j 1 Dec, 1945 (Issued to cover expenses of raising 32,323 1 Dee. 1945 £3,200,000 loan) \ > Public Works Act, 1908— Paeroa-Waihi Railway Act, 1903 .. .. .. 86,250 31 Mar., 1919 Waikaka Branch Railway Act, 1905 ., .. 53,476 IMay, 1920 | 140,000 i , 1 Aug., 1920 240,000 I Feb., 1921 Railways Improvements Authorization Act, 1914 J 8,000 :- 483,000 i- 1 1 Aug., 1921 70,000 | 1 Feb., 1922 \ 25,000 J I, 1 Feb., 1923 Rangitaiki Land Drainage Amendment Aot, 1913 .. 10,000 1 Mar., 1919 Carried forward .. .. .. 125,747,505 I 800,000 I 898,990 [ 1,168,421 4,000,000 710,000 1,700,000 3,750 390,000 13,232,323 86,250 53,476 140,000 240,000 8,000 70.000 25,000 10,000 2,500 125,745,005 4 •• 32,000 j 1 Feb. „ 1 Aug. 4 _ 40,454 1 June , 1 Dec. * Memorandum of securitySi 40 895 dated 2nd January, 1918. r lf 121,035+ .. + Sinking fundi per cent, payable on £12,103,484 for 5 206,315:; .. 1918-19. 5 37,363 4 68,000 IFeb. and 1 Aug. J Memorandum of security 4 150 1 Feb. „ 1 Aug. dated 31 March, 1915. 4 15,600 1 May „ 1 Nov. 44 145 455 1 June 1 Dec § Interest on £4,126,300, 2 J ' JU e " X De °- being £1,600,000 at par and £2,400,000 with capital liability of £105 5s. 3d. for 6 ■■ 2,587 31 Mar. „ 30 Sept. each £100 advanced. 4 •• 2,139 IMay „ INov. 4 •• 5,600 IFeb. , 1 Aug. || Interest on £747,368, being 4 •• 9,600 IFeb. „ 1 Aug. capital liability of £105 5s. 4 -• 320: IFeb. „ 1 Aug. 3d. for each £100 advanced. 4 •• 2,800 IFeb. . 1 Aug. 4 •• 1,000 IFeb. „ 1 Aug. 4 I • ■ 400 1 Mar. „ 1 Sept. 5,533,282 l I

8.—6

Table No. 2—continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918— continued.

63

Annual Charge. Amount outstanding. Due Date. Funds' 1 Indebted- IUte Int. | S.F. Remarks. Amount. When payable. Remarks. ' i i i . . i .. Brought forward Rangitaiki Land Drainage Amendment Acts, 1913-14 1 Rangitaiki Land Drainage Amendment Act, 1913, j and Finance Act, 1917 (section 81) Soenery Preservation Act, 1908 Swamp Drainage Act, 1915 State Advances Act, 1913 — Advances to Settlers Branch Advances to Workers Branch Advances to Local Authorities Branch Waihou and Ohinemuri Rivers Improvemen Act, 1910 War Purposes Loan Act, 1917, and _War Purposes Loan Act, 1917 (No. 2)— ■.'33,jw--'. New Zealand Loans Aot, Amendment Act, 1915 ... Finance Act, 1917 (section 68) .. .. i £ £ £ £ *_» I *_■ 125,747,505 .. 2,500 125,745,005 .. .. 12,000 1 (1 Sept., 1919 .. 12,000 4 19,000 ! m 1 1 Sept.. 1920 .. 19,000 4 17,000 f 0U ' WU 1 IMar., 1921 .. 17,000 4 .. 2.000 ) [ IMar., 1922 .. 2,000 4 .. 10,000.1 or, nnn (' 1 Mar., 1922 .. 10,000 4 .. 4iU,uuu | ! Mar., 1923 .. 10,000! 4 30,000 1 May, 1918 .. 30,000 34 20,000 1 May, 1919 .. 20,000 3| 19,000 ■ 89,000 -.IMay, 1919! .. 19,000 4 5,000 IMay, 1920 .. 5,000 4 15,000 J \ INov., 1921 ,. 15,000 4 11,000 I ( 1 May, 1921 j .. 11.000 4 5,000 \ 21,000 \ 1 May, 1922 .. 5,000 4 5,000 j) (l May, 1923'; .. 5,000! 4 573,200 1 June, 1919 i .. 573,200 j 4 | .. 50,000 Uune, 1919 j .. 50,000 4 I .. 200,000 Uune, 1919 .. 200,000! 4 100,000 1 Aug., 1918 ! .. 100,000 34 2,992,900 1 f 15Nov.,193SP) f 44 ] 3,300,000* .. 5 1,530,000* .. 5 31,500+ 1 Sep., 1922 44 1,000,000+ 11 Sep., 1922 44 9,500+ 2 Oct., 1922 44 300,000+ 11 Oct., 1922 44 60,000+ ; 16 Oct.. 1922 44 -{. [- .. 10,869,700-f ■ }■ 1}10,000+ i 27 Oct., 1922! | 44 10,000+ 7 Nov., 1922 44 10,000+ 13 Nov., 1922 44 30,000+ 3 Dec, 1922! 44 5,000+ 7 Feb.. 1923: 44 33,300+[ IMar., 1923 44 5,000+! 5 Mar., 1923 it 1,542,500 J _15Nov.,1927 J I 5 J £ 5,533,282 480 1 Mar. and 1 Sept. 760 1 Mar. „ 1 Sept. 680 1 Mar. „ • 1 Sept. 80 1 Mar. , 1 Sept. 400 1 Mar. „ 1 Sept. 400 1 Mar. „ 1 Sept. 1,050 1 May „ 1 Nov. 750 1 May „ 1 Nov. 760 1 May „ 1 Nov. 200 1 May _ 1 Nov. 600 1 May „ 1 Nov. 440 ! 1 May „ 1 Nov. 200 ! 1 Mav , 1 Nov. 200 1 May „ 1 Nov. 22,928 Uune , 1 Dec. 2,000 1 June . 1 Dec. 8,000 Uune „ 1 Dec. 3,500 IFeb. „ 1 Aug. ' 134,680 15 May „ 15 Nov. 165,000 .. 'Memorandum of security 76,500 .. issued to Imperial Govern1,417 IMar. 'and 1 Sept. ment dated 1st September, 45,000 11 Mar. „ 11 Sept. 1917. 427 2 April „ 2 Oct. . 13,500 11 April „ 11 Oct. + War-loan certificates. In2,700 16 April „ 16 Oct. vested in war bonds. 108,697 450 27 April „ 27 Oct. J Sinking fund 1 per cent. 450 7 May , 7 Nov. payable on £10,869,700 for 450 13 May „ 13 Nov. 1918-19. 1,350 3 June „ 3 Dee. 225 7 Feb. „ 7 Aug. 1,498 1 Mar. „ 1 Sept. 225 5 Mar. „ 5 Sept. 77,125 15 May „ 15 Nov. i I! I 1 Carried forward 137,720,405 .. 2,500 |l37, 717, 905 j .. ..' 137,720,405 6,206,404 I ! I I I I I I I

B.— G

64

Table No. 2 — continued. The PUBLIC DEBT of NEW ZEALAND on 31st March, 1918—continued.

- T i i i Amount outstanding. Due Date. Annual Charge. SqVKqNC Net ~ Funds. '■ Indebted- Kate Remarks. Amount. Wlien payable. Int. S.F. Remarks. . : ! _ I i ' Brought forward Wellington-Manawatu Railway Purchase Act, 1908 Public Debt Extinction Act, 1910 State Advances Debt (table attached) £ £ 137.720,405 499,700 138,220,105 12,619,950 1 Mar., 1921 £ £ % 0/ £ 2,500 137,717,905' .. .. 6,206,404 499.700 4 19.988 IMar. and 1 Sent. .... 143.301 .. Payable on £88,000,000 for 1918-19. 2,500 138,217,605 5,369.693 1,052,472 11,567,478 468,939 150,840,055 1,054,972 149,785,083 > 6,838.632 Less Sinking Fund in respect of— Government Loans to Looal Bodies Acts War and Defence Loans Public Debt Extinction Act, 1910 Naval Defence Act, 1909 Land for Settlements Native-land Settlement Guaranteed Mining Advances Section 26 (5) (a), State Advances Act, 1913 War Loans 799,601 192,691 1,249,699 519,221 760,542 11,977 671 6,497 375,734 3,916,633 3,916,633 Totals 150,840,055 4,971,605 145,868,450 j .. .. 6,838,632 I I |

65

13.—6

Table No. 3. Particulars of the Public Debt transferred to the State Advances Office, and Loans raised by or on behalf of that office for which the dominion is indirectly liable, as at 31st March, 1918.

9—B. 6.

j. . Annual Charge. Amount outstanding. Due Date. Indebtedness. Rate. Amount. When payable. RAISED BY TREASURY AND TRANSFERRED. ADVANCES TO SETTLERS BRANCH. The Government Advances to Settlers Act, 1894. Extension, 1901. £ £ I £ | 0/ j £ 80,000 5 June, 1920 80,000 -1° 3,200 1 June and 1 December. 80,000 The Government. Advances to Settlers Act, 1908. 12,900 1 January, 1919 12,900 4 516 1 January and 1 July. 105,000 1 June, 1920 105,000 4 4,200 1 June and 1 December. 100,000 1 March, ,1921 100,000 4 4,000 1 March and 1 September. 45,000 1 July, 1922 45,000 4 1,800 \ 1 January and 1 July. — 262,900 The New Zealand. State-guaranteed Advances Acts, 1909-10. 205,000 1 December, 1921 205,000 4 8,200 1 June and 1 December. 2,094* 1 February, .1922 2,094 4 84 1 February and 1 August, 750,000 23 October, 1922 750,000 4 30,000 23 April and 23 October. 4.1,700 1 August, 1923 41,700 4 1,668 1 February and 1 August. 1,745,000 1 December, 1945 1,745,000 4* 78,525 1 June and 1 December. 17,626* I 1 December, 1945 1.7,626 4 7 93 1 June and 1 December. 2,761,420 The New Zealand Loans Act, 1908 — N.Z. Consolidated Inscribed Stock. 166,910 1 November, 1929 | 166,910 4 6,676 ! 1 May and 1 November. 881,848 1 January, 1940 881,848 3£ 30,865 j 1 January and 1 July. 2,990,000 1 April, 1945 2,990,000 3 89,700 \ 1 April and 1 October. 1,171,188 1 February, 1963 1,171,188 4 46,847 I February and 1 August. 5,209,946 8,314,266 ADVANCES TO WORKERS BRANCH. The Government Advances to Settlers Act, 1908 (Part III). — Workers. *■* 25,000 1 June, 1920 25,000 4 1,000 1 June and 1 December. 5,000 I July, 1922 5,000 4 200 1 January and 1 July. 30,000 The New Zealand State-guaranteed Advances Acts, 1909-10. 205,000 1 January, 19.19 205,000 3| j 7,175 1 January and 1 July. 406* 1 February, .1922 406 4 16 1 February and 1 August 7,000 1 October, 1922 7,000 4 280 1 April and 1 October. 750,000 1 August, 1923 750,000 4 i 30,000 1 February and 1 August 325,000 1 December, 1945 325,000 4| 14,625 1 June and 1 December. 3,283* 1 December, 1.945 3,283 4| 148 1 June and 1 December. 1,290,689 Tlie Finance Act, 1915 (Section 106). 10,000 I 1 July, 1941 I 10,000 1 4J I 450: 1 January and 1 July. 10,0001 I The New Zealand Loans Act, 1908—N.Z. Consolidated Inscribed Stock. 52,743 1 November, 1929 52,743 4 2,110 1 May and 1 November. 147,184 1 January, 1940 147,184 3J 5,151 1 January ami 1 July. 155,000 I February, 1963 155,000 4 6,200 .1 February and 1 August. 354,927 1,685,616 9,999,882 Carried forward. * Issued tii cover expenses of raising loans.

8.—6

66

Table No. 3—continued. Particulars of the Public Debt transferred to the State Advances Office, and Loans raised by oil on behalf of that office for which the dominion is indirectly liable, as at 31st March, 1918 — continued.

p- , Annual Charge Amount outstanding. Due Date. Indebtedness. Rate. Amount. When payable. RAISED BY TREASURY AND TRANSFERRED— continued. £ 9,999,882 Brought forward. LOCAL AUTHORITIES BRANCH. The. New Zealand Loans Act, 1908—N.Z. Consolidated Inscribed Stock. a £ % £ 4,142 1 November, 1929 4,142 4 166, 1 May and 1 November. 3,333 1 January, 1910 3,333 31 : 117 I January and 1 July. 488,333 I February, 1963 | 488,333 | 4" | 19,533 1 February and 1 August. 495,808 495,808 Total £10,495,690 (Transferred from Treasury.) RAISED BY SUPERINTENDENT. The New Zealand State-guaranteed Advances Act, 1909. (Advances to Settlers.) 100,000 1 October, 1948 100,000 3| 3,500 j 1 April and 1 October. 37,000 1 April, 1949 37,000 3| 1,387 1 April and 1 October. 137,000 (Advances to Workers.) 325,000 1 October, 1948 ! 325,000 34 | 11,375 ! 1 April and 1 October. 100,000 I April, 1949 100,000 3| : 3,750 ' 1 April and 1 October. 425,000 (Local Authorities Branch.) 400,000 I April, 1947 i 400,000 3£ ! 14,000 : 1 April and 1 October. 425,000 1 October, 1947 ! 425,000 3| 14,875 1 April and 1 October. 100,000 1 April, 1948 i 100,000 3| i 3,500 1 April and 1 October. 361,485 1 October, 1948 361,485 3£ 12,652 1 April and 1 October. 575 1 April, 1949 575 3| 22 1 April and 1 October. 275,000 1 April, 1949 275,000 3| 9,625 1 April and 1 October. 200 I April. 1949 200 4 8 1 April and 1 October 1,562,260 Total £2,124,260 Superintendent's Debentures Total £12,619,950 State Advances debt.

67

13.—6

Table No. 4. Statement of the Estimated Liabilities chargeable on the Consolidated Fund (Revenue Account) outstanding on the 31st March, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, 1917, and 1918.

31st March, 1908. 31st March, 1909. 31st March, 1910. 31st March, 1911. 31st March, 1912. 31st March, 1913. 31st March, 1914. | 31st March, 1915. 31st March, 1916.; 31st March, 1917. 31stMarch, 1918. I I'll Revenue Account. Permanent Appropriations, — Civil List Under special Acts of the Legislature Subsidies payable to Local Authorities Under the Land Acts, payable to Local Authorities Pensions Land Act National Endowments £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 332 0 8 2,541 18 6 663 15 10 6,324 6 0 765 13 4 3,939 8 9 753 11 8 1,458 11 10 230 18 2 3,372 10 3 208 6 9 2,518 4 6 227 16 9 { 14,937 0 0 143 19 6 8,614 13 4 3,200 0 0 15,508 6 8 84 0 4 1,012 14 10 53 14 4 2,351 0 0 1,045 0 0 1,757 0 1 68 11 8 72 13 11 270 9 3 2,787 11 3 •• 5,675 19 3 2,212 3 6 3,603 8 5 2,726 11 3 15,233 8 5 8,758 12 10 : 6,988 1 10 7,492 13 4 18,781 0 7 1,096 15 2 2,675 3 7 I Annual Appropriations,— Legislative Department of Minister of Fi nance Postmaster-General Working Railways Public Buildings and Domains Maintenance aud Improvement of Roads Minister of Justice* Minister of Mines Department of Internal Affairs Minister of Defence Minister of Customs Minister of Marine Minister of Labour Minister of Lands Minister of Agriculture Minister of Education 64 1 9 2,150 13 8 43,550 0 0 156,471 0 0 848 18 10 1,297 17 5 3,097 8 4 33 19 6 2,308 0 9 41,703 0 0 191,727 0 0 832 0 4 1,690 16 1 3,627 5 9 1,912 5 10 6,765 16 7 10,583 14 7 236 10 8 3,312 2 2 1,002 8 5 5,924 14 2 8,428 13 4 56 2 6 62 3 5 1,600 11 3 42,545 0 0 129,131 0 0 663 9 4 3,611 7 6 6,733 2 11 30 16 8 7,477 2 11 7,398 6 2 176 2 0 1,780 15 0 49,039 0 0 143,363 0 0 1,543 1 9 448 0 0 6,788 1 3 74 15 11 1C3 14 4 152 2 1 427 16 8 182 7 5 592 14 6 63,981 0 0 58,831 19 10 63,566 5 6 172,451 0 0 150,514 0 0 136,909 0 0 1,961 15 11 | 3,487 6 1 I 1,719 8 6 5,472 0 0 ; 3,516 0 0 6,099 0 0 5,973 6 0 12,178 15 11 8,884 4 8 61 11 2 ! 8,658 17 6 11,311 12 2 10,963 16 10 '■ 19,064 12 2 6,648 6 0 12,958 10 5 j 7,055 15 5 2,760 16 5 2,927 6 10 I 1,447 16 4 246 11 0 397 4 6 79,466 10 8 157,575 0 0 9,195 0 0 6,156 0 0 6.707 6 9 6,846 13 11 14,655 17 5 25,369 5 11 400 3 9 393 7 8 63,474 0 0 113,679 0 0 6,281 0 0 3,435 0 0 7,044 0 1 83 15 1 1,588 14 2 65,245 4 7 129,112 0 0 4,964 0 0 5,877 0 0 6,863 4 1 955 12 1 7,707 16 7 81,067 19 6 136,976 .0 0 -14,463 0 0 10,227 2 6 8,297 3 4 3,944 2 6 170 9 3 2,730 0 8 1,185 7 10 18,811 17 4 7,166 16 6 327 4 10 11,549 2 5 3,152 2 10 10,791 15 6 20,40S 19 1 19,572 3 3 7,792 13 9 20,796 2 2 17,292 7 6 '-3,309 10 2 I 2,469 19 1 1,234 2 1 1,248 16 8 3,350 16 3 5,144 0 5 959 8 9 4,761 16 5 2,818 1 9 255 18 5 412 5 5 6,768 15 8 4,044 10 7 1,979 15 7 255 3 6 .. 869 0 7 6,170 12 3 11.385 5 3 4,065 19 9 11,716 11 4 10,403 7 0 8,420 0 0 850 0 1 8,877 16 11 : 2,402 10 6 465 17 10 2,625 5 2 3,134 0 0 13,862 8 2 570 4 3 1,695 8 10 6,500 0 0 41,060 0 0 S90 3 8 1,914 19 2 4,060 0 0 20,332 0 0 1,057 3 8 1,104 15 3 8,016 0 0 14.196 0 0 250,113 2 3 286,396 18 0 |269,907 7 6 319,003 19 8 , Services not provided for 280,144 10 8 211,357 15 8 233,514 11 7 290,054 16 3 1327,937 3 5 276,981 15 10 271,646 14 0 6 11 10 ! 10,92-2 12 3 647 9 1 82 10 1 87 1 0 ! 321,766 4 3 j Totals 255,795 13 4 I 287,132 12 6 j: 229,773 1 3 236,374 4 2 293,740 14 9 I 289,123 9 3 285,140 15 11 336,695 16 3 295,762 16 5 272,743 9 2 I * Includes Native Department.

8.—6

68

Table No. 5. Statement of the Estimated Liabilities chargeable on the Public Works Fund outstanding on the 31st March, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, 1917, and 1918.

31st March. 31st March, j 31st March, 1908. 1909. 1910. 1 1 31st March, 1911. 31st March, 1912. 31st March, i 1913. 31st March, 1914. 31st March, 1915. 31st March, 1916. 31st March, 1917. 31st March, 1918. [ I £ s. d. £ s. d. £ s. d. 710 0 0 1,316 0 0 691 0 0 293,522 0 0 233,271 0 0 150,492 0 0 1,424 0 0 681 0 0 188,640 8 11 150,934 14 8 117,774 10 4 : Annual Appropriations — | Public Works, Departmental Railways ! Utilization of Water-power Development of Water-power Irrigation and Water-supply Public Buildings Lighthouses, Harbour- works, and Har-bour-defences Tourist and Health Resorts j Immigration ! Roads : Development of Mining Native Lands Purchases Telegraph Extension Rates on Native Lands Contingent Defence Lands ImprovementPlant, Materia), and Stores.. £ s. d.j £ s. d. 97 18 4 797,179 13 4! 761, 62S 0 5 ! £ s. d. £ s. d. . £ s. d. £ s. d. 47 3 3 34 0 0 2S3 19 3 566 16 8 687,004 6 2 636,640 12 11 622,761 12 2 ! 255,340 3 0 212 13 6 56,157 9 1 10 0 200.406 17 3 221,135 14 6 176,855 6 3 SO,910 10 11 £ s. d. 105 17 1 287,777 3 10 £ s. d. 1,930 0 0 417,718 0 o! • - . 60,328 4 8! 52,457 9 5 235,148 17 9 175,040 13 11 83 10 1 793 6 3 12,446 16 2 7,369 12 9 7 15 0 2,857 14 0 132,260 17 2 155,275 0 4! 4,101 12 1 4,400 10 8 286 0 7 347 5 7 722 19 6 527 9 8 5,142 4 4 442 1 9 880 17 6 1,791 0 0 159 0 0 22 0 0 3,595 6 10 69,553 9 4 157,326 0 0 ! 219,069 0 0 162,258 11 6 2,290 16 2 2,034 4 7 39,310 0 0 71,904 0 0 111,372 0 0 171,297 1 0 945 13 9 4,889 0 0 133 14 7 1,642 0 0 53 0 0 140 I S 55 17 9 1,217 0 0 190 0 0 70 0 0 226,114 16 4 1,192 4 9 j 250,195 0 6 499 12 2 174,220 0 0 116,564 0 0 129,710 0 0 103,550 0 0 68,837 0 0 11 0 0 303 9 8 1,155 6 7 407 11 11 221 18 9 33 5 10 .'. 574 14 11 1,973 12 0 148 15 2 I 1,240 18 2 235,665 16 3 55 0 0 203 16 1 247,113 17 4 2SS 15 1 399 7 4 11,468 0 0 .. 10.8S7 11 6 112 10 6 509 18 11 34 11 8 7,801 0 0 2,980 0 0 : 13 962 0 0 .. •• . Services not provided for 1,111,124 15 11,054,427 13 9 1.004.996 10 91,092.106 10 S 1,191.847 5 9 122 0 0 673,932 10 11 992,093 5 10 1,094.961 0 11 677,666 0 7 677,666 0 7 506,932 12 10 424, S33 18 6 .. Totals .. 677,666 0 7 677,666 0 7 506,932 12 10 424,833 18 6 1,111,124 15 11,054,427 13 9 1,004,996 10 91,092,106 10 8 1,191,969 5 9 673,932 10 11 992,098 5 10 1,094,961 0 11

8.—6

69

Table No. 5—continued. Statement of the Estimated Liabilities chargeable on the undermentioned Separate Accounts outstanding on the 31st March, 1908, 1909, 1910, 1911, 1912, 1913, 1914, 1915, 1916, 1917, and 1918.

31st March, 31st March, 31st March, 1908. 1909. 1910. 31st March, 1911. 31st March, 1912. 31st March, 31st March, 1913. 1914. 31st March, 1915. 31st March, 1916. 31st March, 1917. 31st March, 1918. _ Aid to Water-power Works Account Cheviot Estate Account Discharged Soldiers Settlement Account .. Electric Supply Account Government Accident Insurance Account .. Government Life Insurance Account Hauraki Plains Settlement Aocount Irrigation and Water-supply Account Kauri-gum Industry Account Land for Settlements Account Land for Settlements Account (Opening up Crown Lands for Settlement. Account.) .. Loans' to Local Bodies Account .. Maori Land Settlement Act Account National Endowment Account Native Land Settlement Account Public Trustee's Account Railways Improvements Account.. Railways Improvement Authorization Act 1914 Account Rangitaiki Land Drainage Account Soenery Preservation Account State Advances Account.. State Coal-mines Account State Fire Insurance Account State Forests Account Swamp Land Drainige Account Telegraph Extension Account Waihou and Ohinemuri Rivers Improvement Account Waikaka Branch Railway Account War Expenses Account. .. Wellingcon-Hutt Railway and Road Improvement Account £ s. d. 562' 6 4 ■ 326 11 0 3,455 18 3 5,49911 5 6 12 9 24.871 10 0 20,304 0 0 £ s. d. £ s. d. £ s. d. 612 0 682 1 11 614 14 4 543 18 4 1,213 14 9 2.553 7 0 432 10 0 551 17 3 759 7 9 21 19 2 2,544" 3 8 1,66414 5 2,849 17 1 10,376 0 0 5,978 9 4 7.645 12 8 150 7 0 725 5 0 I 4,945 3 0 173 IS 3 7,756 8 7 22,494 0 0 19,277 0 0 31.352 0 0 £ s. d. 606 14 4 412 11 10 1,861 3 1 2,977 3 9 9,582 0 0 I 4,687 5 8 429 10 0 132,486 0 0 £ s. d. £ s. d. ! £ s. d. £ s. d. £ s. d. 132,162 1 4 34,964 0 6 j 12,919 0 0 22,861 0 0 28,778 0 0 '.'. '.'. '.'. .. 3,168 12 9 293 8 10 313 16 5 279 1 4 315 18 4 140 18 3 1,256 11 0 447 19 0 645 6 6 366 9 0 347 11 0 163 7 10 45 15 7 165 3 9; 100 17 7 143 16 7 50 0 0 200 0 0 6,740 0 0 3,705 0 0 188 8 11 1,354 5 0 737 18 10 1,195 19 0 3,385 13 7 3,452 5 4 2,452 0 0 9,396 0 0 13,566 0 0 14,362 0 0 5,843 0 0 9,874 0 0 2,732 IS 3 468 0 0 4,862 0 0 3,177 0 0 1,680 0 0 2,559 10 11 2,567 17 10 1,294 8 9 1,105 11 7 433 1 6 103,233 0 0 j 63,669* 0 0 215,792 0 0 97,296 0 0 310 13 4 344 5 7 117 19 1 115 16 0 29 0 0 76 8 9 .. 131 6 0 470 8 8 899 0 0 331 3 11 361 0 0 362 8 8 10,707 3 7 2,044 15 10 .. 10,000 0 0 711 18 4 1,507 9 2 819 16 5 1,071 12 7 1 1,068 15 2 390 4 6 183 10 7 286 10 1 153 9 11 i 60 IS 11 16,138 5 4 8,050 1 1 8,215 18 0 4,558 0 0 283 0 0 6,298 0 0 '.'. '.'. 596,709 15 1 916,436 0 0 3,415,111 0 0 7,777 0 0 3,679 0 0 200 0 0 £ s. d. 18,603 0 0 218 12 9 253 1 0 130 4 3 2,525 6 5 311 9 11 16 16 0 - 142 15 3 18 9 1 113 7 0 83 8 0 129 12 7 355 7 6 318 11 5 13,606 4 9 14,547 3 9 632 9 10 790 18 0 904 15 10 581 17 1 161 8 4 559 1 0 889 3 8 102 2 3 3S9 0 11 34,692 0 0 413 11 3 682 0 4 132 4 10 572 8 5 '• 1,326 3 4 884 1 7 600 19 S 18 13 5 267 0 11 .. " .. 520 17 10 9,902 5 6 8,066 0 0 19,638 0 0 15,320 0 0 15,324 0 0 •■ •■ 7,600 0 0 5,415,000 0 0 8,671 0 0

8.—6

70

Table No. 6. STATEMENT showing the Total Ways and Means of the Public Works Fund and the Total Net Expenditure to the 31st March, 1918.

WAYS AND MEANS. Loans: — Immigration and Public Works Loan, 1870 Immigration and Public Works Loan, 1873 Immigration and Public Works Loan, 1874' General Purposes Loan Aot, 1873 New Zealand Loan Act, 1876 New Zealand Loan Aot, 1877 .. Now Zealand Loan Act, 1879 Now Zealand Loan Act, 1882 .. Now Zealand Colonial Inscribed Stock Loan Act, 1882 North Island Main Trunk Railway Loan»Act, 1.882 Now Zealand Loan Act, 1884 New Zealand Loan Act, 1886 .. District Railways Purchasing Acts, 1885 and 1886 Now Zealand Loan Aot, 1888 Native Land Purchase Act, 1892 Lands Improvement and Native Lands Acquisition Aot, 1894 Aid to Publio Works and Land Settlement Aot, 1896 Aid to Publio Works and Land Settlement Amendment Act, 1897 . . Aid to Public Works and Land Settlement Amendment Act, 1898.. Aid to Public Works and Land Settlement Act, 1899 Aid to Public Works and Land Settlement Act, 1900 Aid to Publio Works and Land Settlement Act, 1901 Aid to Public Works and Land Settlement Act, 1902 • .. Aid to Publio Works and Land Settlement Aot, 1903 Aid to Public Works and Land Settlement Act, 1904 Aid to Public Works and Land Settlement Act, 1905 Aid to Public Works and Land Settlement Aot, 1906 Aid to Publio Works and Land Settlement Act, 1907 Aid to Public Works and Land Settlement Act, 1908 Aid to Public Works and Land Settlement Aot, 1909 Aid to Public Works and Laud Settlement Act, 1910 Aid to Public Works and Land Settlement Aot, 1911 Aid to Public Works and Land Settlement Act, 1912 Aid to Public Works and Land Settlement Aot, 1913 Aid to Public Works and Land Settlement, Act, 1914 Finance Act, 1909 Finance Act, 1915, arid New Zealand Loans Aot, 1915 Finance Aot, 1916 Financo Aot, 1917 Post and Telegraph Act, 1908 .. Midland Railway Petitions Settlement Acts, 1902 and 1903 Paeroa-Waihi Railway Act, 1903 Waikaka Branch Railway Act, 1905 Wellington and Manawatu Railway Purchase Act, 1908 .. £ s. d. 4,000,000 0 0 2,000,000 0 0 4,000,000 0 0 750,000 0 0 750,000 0 0 2,200,000 0 0 5,000,000 0 0 3,000,000 0 0 250,000 0 0 1,000,000 0 0 1,500,000 0 0 1,325,000 0 0 479,487 7 11 1,000,000 0 0 149,700 0 0 500,000 0 0 1,000,000 0 0 250,000 0 0 500,000 0 0 1,000,000 0 0 1,011,600 0 0 1,250,000 0 0 1,750,000 0 0 997,090 0 0 750,000 0 0 1,000,000 0 0 989,700 0 0 1,000,000 0 0 1,250,000 0 0 1,000,000 0 0 1,750,000 0 0 1,500,000 0 0 1,748,900 0 0 1,750,000 0 0 3,000,000 0 0 1,250,000 0 0 2,000,000 0 0 1,000,000 0 0 125,000 0' 0 200,000 0 0 150,000 0 0 75,000 0 0 50,000 0 0 1,000,000 0 0 £ s. d 57,252,077 7 11 Receipts in Aid: — Amount transferred from Consolidated Fund Contributions of Cantorbury Province for Railways Proceeds of Railway Material handed over to Cook County Conned Stamp Duties to 31st December, 1876 Transfer from Confiscated Lands Liabilities Acoount Receipts under Seotion 16 of the Reserves and other Lands Disp isal and Publio Bodios Empowering Aot, 1.912 Spooial Receipts under Section 9 of the Railways Construction Aot, 1878 Special Receipts under the Ellosmoro Lake Lands Acta, 1888 and 1893 Speoial Roceipts under the Railways Authorization and Management Act, 1891 Spooial Receipts undor tho North Island Main Trunk Railway Loan Application Act, 1886 Sinking Funds released 10,305,000 0 0 56,000 0 0 4,963 7 4 264,657 16 4 19,963 1 3 21,890 4 5 60,616 3 0 52,452 15 6 2,257 1 9 114,550 19 6 506,819 19 3 11,409,171 8 4 £68,661,248 16 3 NET EXPENDITURE. £ s. d. 2,342,128 0 9 1,319,954 2 1 35,211,663 0 7 11,396,140 9 2 2,061,905 9 4 889,496 9 1 3,624,987 16 8 7,094,901 16 2 1,143,051 0 7 1,043,690 14 11 68,671 16 10 14,599 13 2 259,439 18 6 139,608 5 6 91,006 10 9 1,253,073 4 5 10,835 8 0 218,500 0 0 150,000 0 0 32,055 2 5 & s. d. Expenditure on— Immigration Publio Works,. Departmental Railways, including Surveys of New Lines Roads Land-purchases Development of Mining .. Telegraph Extension Public Buildings Lighthouses, Harbour Works and Defences Contingent Defence Rates on Native Lands Thermal Springs Tourist and Health Resorts Lands Improvement Plant, Material, and Stores Charges and Expenses of raising Loans Coal-mines Interest and Sinking Fund Payment to Midland Railway Bondholders Irrigation and Water-supply 68,365,708 18 11 Balance on 31st March, 1918,— Cash in the Public Account .. .. ... Imprests outstanding 181,372 10 0 114,167 7 4 295,539 17 4 £68,661,248 16 3

71

8.—6

Table No. 7. Estimated Expenditure of the Consolidated Fund (Revenue Account) for 1918-19, compared with Actual Expenditure of 1917-18.

Table No. 8. Estimated Revenue of the Consolidated Fund (Revenue Account) for 1918-19, compared with the Actual Revenue of 1917-18.

Differences. Estimate for 1918-19. Actual lor 1917-18. Increase. Decrease. Revenue Account. Permanent Appropriations,— Civil List ... Interest and Sinking Fund Under special Acts £ 29,300 6,197,419 3,4.15,006 £ 27,674 4,430,779 2,210,357 £ 1,026 1,766,640 1,204,649 £ \ 9,641,725 6,068,810 2,972,915 Annual Appropriations,— Legislative Departments Departments of Finance Post and Telegraph Department Working Railways Department Public Buildings, Domains, and Maintenance ol Roads .. Native Department Justico Department Mines Department Department of Internal Affairs.. Mental Hospitals, Public Health, Hospitals, and Charitable Aid Departments Tourists Department Defence Department Customs, Marine, and Inspection of Machinery Depart ments Department of Labour Department of Lands and Survey Valuation and Electoral Departments .. Department of Agriculture, Industries, and Commerce Education Department 43,859 214,743 1,635,941 3,244,231 128,885 26,209 535,120 38,989 304,482 274,772 41,797 132,896 1,487,144 3,067,658 99,893 24,242 485,428 26,013 249,747 225,701 2,062 . 81,847 148,797 176,573 29,492 1,967 49,692 12,376 54,735 49,071. 49,500 498,274 187,143 48,732 428,112 163,395 768 70,162 23,748 31,280 242,874 58,472 237,732 1,012,004 30,746 159,832 38,425 224,565 1,511,256 534 83,042 20,047 13,167 100,748 9,304,510 8,445,682 918,828 Services not provided for 5,795 5,795 3,891,743 5,795 Total 19,006,235 15,120,287 3,885,948

Differ ■ences. Estimate for 1918-19. Actual for 1917-18, Increase. Decrease. Revenue Account. Ordinary Revonue, — Customs Railways Stamp and Death Duties Postal and Telegraph Land-tax Inoome-tax.. Beer Duty Amusement-tax Registration and other Fees .. Marine Miscellaneous Territorial Revenue Endowment Revenue Other Reoeipts } £ 3,500,000 4,725,000 1,837,000 1,900,000 £ 3,304,308 4,608,223 1,875,740 1,836,256 £ 135,692 56,777 i £ 88j 740 63,744 0,650,000 7,005,269 355,269 225,000 35,000 101,000 37,800 900,000 168,000 95,800 10,000 237,075 16,274 101,249 38,052 718,437 205,644 100,493 39,201 18,726 181 \ 563 12,075 "249 252 37,044 4,693 29,201. 456,502 477,523 456,502 Total 21,021 20,185,200 20,206,221

8.—6

72

Table No. 9. Statement showing the Amount charged to "Unauthorized" in each Financial Year from 1st July, 1875, to 31st March, 1918.

Financial Yeah. Consolidate Services not provided for. OD Fund.—Revenue Account. Other Accounts. Public Woeks : _ Fund. iotai,. Excess of Votes. Total. 1875-76 1876-77 1877-78 1878-79 1879-80 1880-81 1881-82 1882-83 1883-84 1884-85 1885-86 1886-87 1887-88 1888-89 .. 1889-90 1890-91 1891-92 1892-93 1893-94 1894-95 1895-96 1896-97 1897-98 1898-99 1899-1900 .. 1900-1901 1901-1902 1902-1903 1903-1904 1904-1905 1905-1906.. 1906-1907 1907-1908 1908-1909 1909-1910 .. 1910-1911 .. 1911-1912.. 1912-1913.. 1913-1914... 1914-1915.. 1915-1916.. 1916-1917.. 1917-1918.. £ s. d. 13,167 4 8 18,397 17 1 19,079 12 0 11,413 16 1 5,818 9 9 6,151 13 9 3,899 16 3 4,473 15 8 7,293 9 9 5,981 17 8 9,337 11 2 14,337 19 7 7,303 17 10 3,521 18 2 4,412 5 3 10,610 1 0 2,288 3 2 1,741 7 10 2,350 7 0 8,985 3 7 22,422 16 10 3,188 17 7 2,258 19 7 3,305 15 11 11,187 13 8 26,367 18 6 3,836 7 0 9,027 5 4 3,344 11 0 6,215 4 8 8,576 16 7 4,989 9 1 4,133 3 3 14,127 8 1 15,324 5 7 10,427 9 4 20,332 3 1 2,506 15 0 4,730 15 8 109,512 12 4 30,865 10 2 41,600 17 4 17,909 4 7 £ s. d. ! £ s. d. 19,195 17 1 32,363 1 9 13,398 7 0 31,790 4 1 58,709 17 2 77,789 9 8 47,466 4 5 58,880 0 6 18,466 2 1 24,284 11 10 37,825 6 6 j 43,977 0 3 38,474 18 9 | 42,374 15 0 64,631 0 2 69,104 15 10 45,284 2 6 ! 52,577 12 3 39,039 17 11 j 45,02.1 15 7 47,106 10 3 ' 56,444 1 5 38,117 18 5 I 52,455 18 0 42,104 15 10 I 49,408 13 8 35,157 16 5 38,679 14 7 43,257 1 0 47,669 6 3 76,778 5 11 87,388 6 11 21,026 16 4 23,314 19 6 ! 28,283 15 11 30,025 3 9 I 7,376 7 4 9,726 14 4 9,148 0 5 18,133 4 0 16,229 5 9 38,652 2 7 24,195 2 9 27,384 0 4 39,314 13 4 41,573 12 11 36,468 0 10 39,773 16 9 60,652 13 7 71,840 7 3 62,788 3 2 89,156 1 8 68,866 10 9 72,702 17 9 101,070 10 4 110,103 15 8 47,775 11 4 51,120 2 4 22,109 12 2 28,324 16 10 52,385 3 7 60,962 0 2 28,559 6 2 ' 33,548 15 3 37,713 8 11 , 41,846 12 2 50,890 5 1 65,017 13 2 23,100 14 0 38,424 19 7 27,200 14 6 37,628 3 10 62,950 14 7 83,282 17 8 ! 115,428 2 5 117,934 17 5 80,228 10 11 84,959 6 7 68,004 2 1 177,516 14 5 47,222 13 9 78,088 3 11 100,454 9 0 148,055 6 4 48,886 8 7 66,795 13 2 £ s. d. 3,155 9 2 3,490 6 1 653 6 5 3,938 14 8 1,005 3 10 13,443 11 3 13,590 6 10 12,343 2 2 9,003 18 7 7,163 1.5 3 13,965 10 1 6,212 16 7 27,821 16 11 13,506 2 8 23,631. 7 I 5,459 18 11 9,183 10 6 4,754 17 10 522 12 2 1,890 7 5 16,995 9 9 24,726 3 6 4,743 17 10 2,304 8 10 662* 7 7 253 8 10 200 0 0 2,248 6 6 13,547 11 7 23,956 9 10 12,867 10 8 429 9 0 15,257 11 1 3,500 7 0 1,009 9 7 860 5 4 63 15 0 137 5 8 853 3 5 14,742 5 9 34,852 5 5 20,010 17 11 £ s. d. £ s. d. 03,875 11 8 99,394 2 7 2,197 4 5 37,483 14 7 22,009 14 0 100,452 1(1 1 32,179 1 1 94,997 16 3 17,090 9 9 42,380 5 5 34,133 17 3 91,554 8 9 2,217 9 8 58,182 11 6 8,137 17 11 89,585 15 11 31,741 17 10 93,323 8 8 872 0 11 53,057 11 9 6,465 17 5 76,875 8 11 28,633 10 8 87,302 0 8 30,407 2 3 107,637 12 10 18,033 2 10 70,819 0 1 12,287 18 10 83,588 12 2 7,097 19 9 99,946 5 7 7,594 1 2 40,092 11 2 11,149 14 2 45,929 15 9 1,335 12 11 11,584 19 5 330 8 1 20,353 19 6 33,245 2 4 88,892 14 8 7,051 0 8 59,161 4 6 53,648 14 0 99,966 4 9 8,222 10 6 50,300 16 1 7,990 18 7 79,831 5 10 17,518 3 7 107,336 12 10 6,955 4 10 79,911 11 5 12,837 3 6 123,140 19 2 9,584 9 11 62,952 18 9 31,862 8 3 73,734 16 8 19,965 16 2 104,884 6 2 55,556 14 10 101,973 0 9 80,170 3 3 122,446 4 5 16,641 15 7 96,916 19 10 11,638 18 8 53,564 5 3 12,833 7 5 51,471 0 10 4,982 8 7 89,125 11 7 73,404 8 3 191,403 0 8 16,671 3 3 101,767 15 6 8,189 3 10 186,559 1 8 2,363 3 9 95,193 13 5 6,636 4 1 189,543 15 10 7,693 0 5 100,499 11 6 %**

73

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Table No. 10. Statement showing the financial position of the Dominion on the 31st March, 1918, as compared with the 31st March, 1917 : — [Note. —The term "liabilities" in these tables includes expenditure on public works for which contracts had been signed or material ordered on the 31st March, 1918.] CONSOLIDATED FUND. £ Balance on 31st March, 1917 .. .. .. .. 6,474,854 Liabilities on 31st March, 1917 .. .. .. .. 272,743 Balance on 31st March, 1918 .. .. .. .. 11,560,788 Liabilities on 31st March, 1918 .. .. .. .. 321,766 STATE FORESTS ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. 2,530 Unexhausted authority for raising loan.. .. .. 50,000 52,530 Liabilities on 31st March, 1917 .. .. .. .. Nil. Balance on 31st March, 1918 .. .. .. 1,175 Unexhausted authority for raising loan .. .. .. 21,900 23,075 Liabilities on 31st March, 1918 .. .. .. .. 125 STATE COAL-MINES ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 68,125 Unexhausted authority for raising loan .. .. 25,000 93,125 Liabilities on 31st March, 1917 .. .. .. .. Nil. Balance on 31st March, 1918 .. ~ .. .. 113,218 Unexhausted authority for raising loan . . .. 25,000 138,218 Liabilities on 31st March, 1918 .. .. .. .. 10,000 SCENERY PRESERVATION ACCOUNT. £ £ balance on 31st March, 1917 .. .. .. .. 4,347 Unexhausted authority for raising loan .. .. 11,000 15,347 Liabilities on 31st March, 1917 .. .. .. .. Nil. Balance on 31st March, 1918 .. .. .. .. 3,190 Unexhausted authority for raising loan .. .. 11,000 14,190 Liabilities on 31st March, 1918 .. .. .. .. Nil. PUBLIC WORKS FUND. £ £ Balance on 31st March, 1917 .. .. .. .. 521,525 Unexhausted authority for raising loan .. .. .. 745,100 1,266,625 Liabilities on 31st March, 1917 .. .. .. .. 506,933 Balance on 31st March, 1918 .. .. .. .. 295,540 Unexhausted authority for raising loan .. .. 625,000 920,540 Liabilities on 31st March, 1918 .. .. .. .. 424,834 RAILWAYS IMPROVEMENTS AUTHORIZATION ACT 1914 ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 29,884 Unexhausted authority for raising loan.. .. .. 2,612,000 2,641,884 Liabilities on 31st March, 1917 .. .. .. .. 97,296 Balance on 31st March, 1918 .. .. .. .. 13,163 Unexhausted authority for raising loan.. .. .. 2,517,000 2,530,163 Liabilities on 31st March, 1918 .. .. .. .. 34,692

10— B. 6.

8.-r>

Table No. 10— continued. WAIHOU AND OHINBMURI RIVERS IMPROVEMENT ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 62,697 Unexhausted authority for raising loan .. .. .. 50,000 112,697 Liabilities on 31st March, 1917 .. .. .. .. 6,298 Balance on 31st March, 1918 .. .. .. .. 41,285 Unexhausted authority for raising loan.. .. .. 50,000 91,285 Liabilities on 31st March, 1918 .. .. .. .. 8,066 ELECTRIC SUPPLY ACCOUNT. (Formerly Aid to Water-power Works Account.) £ £ Balance on 31st March, 1917 .. .. .. .. 7,430 Unexhausted authority for raising loan .. .. 136,000 143,430 Liabilities on 31st March, 1917 .. .. .. .. 28,778 Balance on 31st March, 1918 .. .. .. .. 36,482 Unexhausted authority for raising loan .. .. 76,000 — 112,482 Liabilities on 31st March, 1918 .. .. .. .. 18,603 CHEVIOT ESTATE ACCOUNT. £ Balance on 31st March, 1917 .. .. .. .. .. 108,521 Balance on 31st March, 1918 .. .. .. .. .. 119,842 NATIONAL ENDOWMENT ACCOUNT. £ Balance on 31st March, 1917 .. .. .. .. .. 100,493 v * Liabilities on 31st March, 1917 . . .. .. .. 1,680 Balance on 31st March, 1918 . . . . .. .. .. 108,824 Liabilities on 31st March, 1918 .. .. .. .. Nil. LAND FOR SETTLEMENTS ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 256,568 Unexhausted authority for raising loan .. .. .. 500,000 756,568 Liabilities on 31st March, 1917 .. .. .. .. Nil. Balance on 31st March, 1918 .. .. .. .. 81,224 Authority for raising loan .. .. .. .. 900,000 981,224 Liabilities on 31st March, 1918 .. .. .. .. 311 NATIVE LAND SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 32,462 Unexhausted authority for raising loan.. .. .. 500,000 KOO APS) Liabilities on 31st March, 1917 .. .. .. .. 433 Balance on 31st March, 1918 .. .. .. .. 43,027 Authority for raising loan .. .. .. .. 275,000 318,027 Liabilities on 31st March, 1918 .. .. .. .. 17

74

75

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Table No. 10— continued. LAND FOR SETTLEMENTS ACCOUNT. (Opening up Crown Lands foe Settlement.) £ £ Balance on 31st March, 1917 .. .. .. .. 639 Unexhausted authority for raising loan .. .. .. 100,000 100,639 Liabilities on 31st March, 1917 .. .. .. .. 9,874 Balance on 31st March, 1918 .. .. .. .. 3,598 Authority for raising loan .. .. .. .. 60,000 63,598 Liabilities on 31st March, 1918 .. .. .. .. Nil. HADRAKI PLAINS SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 9,699 Unexhausted authority for raising loan.. .. .. 19,000 28,699 Liabilities on 31st March, 1917 .. .. .. .. 144 Balance on 31st March, 1918 .. .. .. .. 1,365 Unexhausted authority for raising loan .. .. .. 19,000 20,365 Liabilities on 31st March, 1918 .. .. .. .. 130 RANGITAIKI LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 1,176 Unexhausted authority for raising loan .. .. .. 2,000 3,176 Liabilities on 31st March, 1917 .. .. .. .. 29 Balance on 31st March, 1918 .. .. .. .. 4,270 Unexhausted authority for raising loan .. .. .. 20,000 ' 24,270 Liabilities on 31st March, 1918 .. .. .. .. 414 WORKERS' DWELLINGS ACCOUNT. £ Balance on 31st March, 1917 .. .. . . .. . . 46,477 Balance on 31st March, 1918 .. .. . . .. . . 64,533 STATE ADVANCES ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 262,534 Loan-money to receive .. .. .. .. 1,266,515 Unexhausted authority for raising loan . . .. . . 3,250,000 4,779,049 Liabilities and commitments on 31st March, 1917 .. .. 362 Balance on 31st March, 1918 .. .. .. .. 317,326 Unexhausted authority for raising loan .. .. .. 3,250,000 Loan-money to receive .. .. .. .. 1,162,000 4,729,326 Liabilities and commitments on 31st March, 1918 .. .. 572 WAR EXPENSES ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 4,562,762 Unexhausted authority for raising loan.. .. .. 1,377,950 ——— 5,940,712 Liabilities on 31st March, 1917 .. .. .. .. 3,415,111 Balance on 31st March, 1918 .. .. .. .. 7,149,402 Unexhausted authority for raising loan .. .. .. 9,990,700 17,140,102 Liabilities on 31st March, 1918 .. .. .. .. 5,415,000

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76

Table No. 10 — continued. MINING AD.VANCES ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 7,080 Unexhausted authority for raising loan.. .. .. 20,000 27,080 Liabilities on 31st March, 1917 .. .. .. .. Nil. Balance on 31st March, 1918 .. .. .. .. 5,799 Unexhausted authority for raising loan .. .. .. 20,000 25,799 KAURI-GUM INDUSTRY ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 11,178 Unexhausted authority for raising loan .. .. . . 3,000 .14,178 Liabilities on 31st March, 1917 .. .. .. .. 738 Balance on 31st March, 1918 .. .. .. .. 20,931 Unexhausted authority for raising loan .. .. .. 3,000 23,931 Liabilities on 31st March, 1918 .. .. .. .. 2,525 FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT £ £ Balance on 31st March, 1917 .. .. .. .. 882 Unexhausted authority for raising loan .. . . .. 25,000 25,882 Liabilities on 31st March, 1917 .. . . . . .. Nil Balance on 31st March, 1918 .. .. .. .. 6,258 Authority for raising loan .. .. .. . • 13,200 19,458 Liabilities on 31st March, 1918 .. .. .. .. Nil. DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 0,840 Unexhaused authority for raising loan .. .. .. 564.000 570,846 Liabilities on 31st March, 1917 .. .. . . .. 3,169 Balance on 31st March, 1918 .. .. .. .. 31,434 Unexhausted authority for raising loan.. .. .. 340,000 371,434 Liabilities on 31st March, 1918 . . .. .. Nil. DISCHARGED SOLDIERS EMPLOYMENT ACCOUNT. £ Unexhausted authority for raising loan .. .. .. .. 1.000,000 Liabilities on 31st March, 1918 .. .. . . .. Nil. SWAMP LAND DRAINAGE ACCOUNT. £ £ Balance on 31st March, 1917 .. .. .. .. 4,435 Authority for raising loan .. .. .. .. 75,000 79,435 Liabilities on 31st March, 1917 .. .. .. .. 61 Balance on 31st March, 1918 .. .. .. .. 5,388 Unexhausted authority for raising loan .. .. 60,000 65,388 Liabilities on 31st March, 1918 .. .. .. .. 267 COLD-STORAGE ADVANCES ACCOUNT. £ £ Balance on 31st March, 1918 . . .. .. .. 2.500 Unexhausted authority for raising loan .. .. 96,750 99,250

By Authority : Marcus F. Marks, Government Printer, Wellington.—l9lB.