WRITTEN OFF.

Manawatu Standard, Volume LX, Issue 216, 10 August 1940, Page 6

WRITTEN OFF.

ITEMS FROM STATE ACCOUNTS. LAND TRANSACTION LOSSES. (Bv Telegraph.—Special to Standard.) WELLINGTON, Aug. 10. Losses written off by various departments of the State last y'ear amounted to nearly' £285,000 including stores valued at £167,000 which had become obsolete, damaged or lost through fire and other causes, thefts being a. minor item. in the list compiled by the Audit Department. In connection with Public Trust mortgages, the sum of £29.138 is written off ns loss on realisation, and the Lands Department has a series of similar items: Advances under Discharged Soldiers Settlement account, losses on realisation of securities £9477, advances, small farms (debtors unfinancinl), £5559; rents (debtors unfinancial), £8343; and small farm rents, £560. Reductions of ' interest rates on settlement lands advances totalled £l4Ol, and a similar concession in respect of advances to soldier settlers amounted to £3138. A fire at the Christchurch commercial radio station involved writing off £8292 for lost equipment, and £789 the value of a record library which was destroyed. Loss on the transfer of Humphreys Gully water race, transferred by the Labour Department to the Mines Department was £62,673. An adjustment commission in cc*nliection with the Southland electric power supply wrote off • rates to the amount of £5369. Aeroplanes and other equipment destroyed in crashes at Lake Ellesmere, Pigeon Bay and Wigram during the year resulted in writing off to the extent of £.15,000.