WRITTEN OFF

Manawatu Standard, Volume LIII, Issue 9, 8 December 1932, Page 4

WRITTEN OFF

AMOUNTS FOR STATE DEPARTMENTS.

LARGE SUM INVOLVED

(By lelegraph.—Special to Standard.) WELLINGTON, Dec. 7. Writing-off on a large scale by State departments is shown in a table attached to the Supplementary Estimates, the total being £330,320, represented by had debts, losses on tire realisation of stores and mortgaged property and losses by fire and theft.

The biggest item is a loss of £103,541 incurred on the realisation of securities held by the Department of Lands in return for advances made under the Discharged Soldiers’ Settlement Act.

Arrears of rent amounting to £14,091 due to the same department are also written off, while the arrears of interest written off amount to £2OBB.

The other big lending department, the State Advances, shows a dead loss of £42,825 on the realisation of securities on the settlers’ branch, a similar loss of £9.344 on the workers’ branch and a further loss of £2384 on the housing branch. On behalf of the Treasury £5167, shown as deficiencies on land settlement associations, is written off. Losses amounting to £24,642 on the realisation and deflation of assets of New Zealand reparation estates, .Samoa, and an amount of £3115 for losses on shipments of bananas from Samoa are also shown. Losses of stores lent for use in the Hawke’s Bay earthquake area by the Defence Department.amount to £23SO, while this department also lost £14,539 on the realisation of stores.

Tire loss for an aeroplane which crashed is assessed at £452. Maintenance fees lost by the Health Department amount to £B4ll, while the Education Department lost £6222 from the same cause. Bad debts cost the Public Works Department £6470, while the penalty on an overdue account amounting to £2210 was remitted. The loss on the realisation of the Makomako sawmill amounted to £l3ll, while stores lost, stolen and broken amounted to £3389. The State Forest Service lost £3250 on account of had debts, while waggons destroyed in accidents cost tire Railway Department £3061. Losses on mortgages held by the Public Trust Office amounted to £5234.