DEPARTMENT OF LANDS AND SURVEY. DISCHARGED SOLDIERS SETTLEMENT. REPORT FOR THE YEAR ENDED 31st MARCH, 1930.

Appendix to the Journals of the House of Representatives, 1930 Session I, C-09

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1930. NEW ZEALAND

DEPARTMENT OF LANDS AND SURVEY. DISCHARGED SOLDIERS SETTLEMENT. REPORT FOR THE YEAR ENDED 31st MARCH, 1930.

Presented to both Houses of the General Assembly pursuant to Section 14 of the Discharged Soldiers Settlement Act, 1915.

CONTENTS. General Report :— page Dominion Revaluation Board (Report of Chairman) .. .. .. .. 1 Financial Review .. .. .. .. .. .. .. 5 Lands proclaimed .. .. .. .. .. .. .. 6 Applications received and Lands allotted .. .. .. .. .. 6 Appendix :— Reports of Commissioners of Crown Lands .. .. .. .. .. 7 TablesTable I. —Total Lands acquired by Discharged Soldiers .. .. ..11 Table 2.—Statement of Mortgage Transactions .. .. .. ..12 Discharged Soldiers Settlement Account— Transactions for Year .. .. .. .. .. .. 14 Balance-sheet .. .. .. .. .. .. .. 16 Sir, — Department of Lands and Survey, Wellington, Ist July, 1930. In accordance with the provisions of the Discharged Soldiers Settlement Act, 1915, I have the honour to submit herewith the report of the operations under the Act for the year ended 31st March, 1930. I have, &c, J. B. Thompson, The Hon. E. A. Ransom, Minister of Lands. Under-Secretary.

EEPOET OF THE CHAIRMAN OF THE DOMINION REVALUATION BOARD. THE DISCHARGED SOLDIERS SETTLEMENT AMENDMENT ACTS, 1923 AND 1924. Revaluation op Soldier Settlers' Farms and Investigation op Current Account Advances. The operations of the Dominion Revaluation Board for the past year were with respect to cases previously dealt with by the Board where it had been found that the assistance formerly afforded was inadequate to enable the soldier settlers concerned to farm their properties successfully. The number of cases reviewed during the year is 158. The general effect of the determinations issued has been that the men affected thereby have experienced less difficulty in meeting their obligations to the Crown, fresh heart has been taken by those whose difficulties had begun to create in them a spirit of despair, and there has been a general steadiness evidenced on the part of those assisted, and a gradual progress reflected by a reduction in arrears, despite the low prices prevailing for farm-produce last season. The reductions in charges made this year are particularly important as, in the face of the last season's low prices, any endeavour to make over-priced land pay would be surely doomed to failure. During the major operations of the Board in the years 1924 and 1925, certain postponements were made for a period of seven years from the 30th June, 1923, and some of these fall due on the Ist July. In a number of cases it is expected that the postponed charges will be met, but in others it is anticipated that the question of repostponement will have to be considered. In certain cases reduction of charges have been made where the settler has gone out, and it has been possible to dispose of the property to a new tenant. The alternative would, have been a forced sale, greater loss to the Crown, and great risk of the property deteriorating through not being occupied. The continued operation of the Dominion Revaluation Board is beneficial, permitting, as it does, of assistance being given to the settler who is doing his best to meet his obligations but who is burdened with somewhat excessive land charges. In certain instances the necessity to reduce charges has been obviated by the allotment of additional areas to the settlers concerned, where the trouble has been chiefly the smallness of the holding. Such increase in areas has permitted greater production and enabled the tenants to work their properties successfully, without any reduction in charges.

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Once again it is pleasing to make reference to the assistance rendered by the District Land Offices in the compilation of information necessary for the Board to give full consideration to the matters coming within its jurisdiction. The schedules here following show the operations of the Board on the various accounts as at the 31st March, 1930. J. B. Thompson, Chairman. Summary op Operations as at 31st March, 1930. Applications for Revaluation. Number of applications for revaluation received .. .. .. .. .. 5,3-47 Number of cases dealt with and determinations issued by the Dominion Revaluation Board 5,284 Number of cases not dealt with due to forfeiture or abandonment .. . . . . 63 The above result .is very satisfactory, as showing so few settlers having to drop out during practically twelve months subsequent to lodging applications. Total capital invested (comprising capital values of Crown leaseholds and advances under £ section 2, Discharged Soldiers Settlement Amendment Act, 1917) .. . . 17,241,736 Capital dealt with by Dominion Revaluation Board .. .. .. .. 12,528,835 Reduction in capital by Dominion Revaluation Board .. ... • .. .. 2,789,375 Reduction in Land and Crown Mortgage Values. £ s. d. Reduction in capital value of leaseholds .. .. .. .. .. 1,953,669 19 6 Reduction in Crown's mortgage (under section 2) .. .. .. .. 835,705 17 1 Total .. .. .. .. .. ... £2,789,375 16 7 Private Mortgages and Debts. Mortgages and debts of various descriptions owing by soldier settlers to persons other £ than the Crown .. .. .. . . .. .. .. .. 171,357 Reduction obtained in the above by efforts of Dominion Board .. .. .. 124,859 Percentage of reduction to original debt .. .. . . .. .. .. 72-8 per cent. Private Mortgages and Debts purchased. £ Original value of mortgages and debts purchased by Crown .. .. .. . . 74,338 Price paid by Crown after negotiation .. .. .. .. .. . . 36,936 Discount obtained and which is credited to settlers.. .. .. .. .. 30,735 Percentage of discount .. .. .. .. .. .. .. .. 41-3 per cent. The difference represents the amount paid by the settlers themselves to successfully complete the negotiations. Remission of Instalment Interest and Rent. £ Granted by Dominion Revaluation Board in respect of arrears as at 30th June, 1923 .. 189,520 Granted by Land Boards on recommendation of Dominion Revaluation Board with respect to payments accruing subsequent to 30th June, 1923 .. .. .. .. 254,532 Total remissions .. .. .. .. .. .. £444,052 Mortgage instalments, rents, &c, automatically written off, due to reduction being retrospective to the Ist July, 1921, or date of title, &c. .. .. .. £435,672 Postponements of Arrears as at 30th June, 1923, granted by Dominion Revaluation Board. £ Rent, principal, and instalment interest for periods up to ten years .. .. .. 317,421 Instalments to end of mortgage term .. .. .. .. .. .. 127,411 Total postponements granted by Dominion Revaluation Board .. .. £444,832 Postponements of payments accruing subsequent to 30th June, 1923, granted by Land Boards on recommendation of Dominion Revaluation Board .. .. .. £148,925 An extended schedule gives particulars for each land district under all. headings. Investigation of Current Accounts under the Discharged Soldiers Settlement Amendment Act, 1924. Number of accounts subject to investigation (approximate) .. .. .. .. 4,915 Current accounts sustained .. . . .. _ .. .. .. .. 3,945 Reductions in current accounts (in some of these cases transfers were also made to Suspense Account) .. . . .. .. .. .. .. .. .. 886 Transfers to Suspense Account (apart from those cases where reductions were also made) 84

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Revaluation of Soldiers' Farms in Terms of the Discharged Soldiers Settlement Amendment Act, 1923.— Report as at 31st March, 1930.

laftX'ent'mitteBoff, . * Postponements made District. Capital Value ° F Reduction of Capital. dating Recommendation of 8 r anted°up j PostponemS'made Ee 30th under each Heading. back to 1st July 19I1. "on Board. Kecommendabon of Y J a Ad of Tenn. or other Date.' of Dominion B ° ard Discharged Soldiers Settlement Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. North Auckland .. .. .. 1,689,300 0 0 141,990 18 2 25,4-02 14 6 13,785 8 6 44,760 7 10 33,147 1 0 26,718 4 7 25,971 7 6 Auckland .. .. .. .. 1,268,499 0 0 196.401 19 4 27,326 12 10 17,146 10 7 40,678 19 9 22,964 15 0 24,661 4 7 19,259 8 9 Gisborne .. .. .. .. 141,174 0 0 11,159 5 3 2,552 4 2 1,030 3 3 150 14 9 4,726 15 7 255 12 4 377 6 11 Hawke's Bay .. .. .. 258,232 10 0 28,168 3 1 8,390 13 10 2,362 8 1 7,745 19 2 12,286 16 7 7,146 7 10 6,651 11 6 Taranaki .. .. .. .. 858,360 17 2 134,917 0 3 28,176 5 4 9,722 10 6 8,311 17 2 15,769 12 6 11.558 15 0 9,669 18 8 Wellington .. .. .. .. 1,781,002 0 0 150,333 0 0 23,565 12 9 11,144 13 7 20,602 16 3 30,339 18 3 20,523 16 10 4,758 14 1 Marlborough .. .. .. 231,869 16 6 25,374 17 3 5,139 0 2 2,708 8 11 4,969 14 0 5,540 8 5 2,702 18 4 3,644 1 3 Nelson .. .. .. .. 459,768 18 9 77,022 18 3 21,249 2 5 1,410 0 3 6,643 13 5 15,276 9 11 15,757 15 0 6,904 12 9 Westland .. .. .. .. 51,631 0 0 6,901 10 3 2,781 10 4 433 19 5 1,814 4 8 1,039 2 9 3,985 9 1 1,869 10 7 Canterbury .. .. .. .. 1,066,182 0 0 33,571 12 0 4,454 14 8 2,535 8 4 3,724 4 8 19,171 6 5 7,063 8 0 12,377 4 3 Otago .. .. .. .. 314,108 15 2 11,691 2 0 1,208 16 8 524 1 0 4,266 19 5 4,960 15 6 2,569 1 0 2,893 15 6 Southland .. .. .. .. 432,720 0 0 18,173 11 3 7,470 3 8 3,574 19 10 4,719 13 6 9,979 3 2 4,469 4 0 2,915 7 11 Totals .. .. .. 8,552,848 17 7 835,705 17 1 157,697 11 4 66,378 12 3 148,389 4 7 175,202 5 1 127,411 16 7 97,292 19 8 Land for Settlements Account. North Auckland .. .. .. 273,106 0 0 83,173 8 9 12,861 19 9 3,466 3 3 5,846 8 3 2,541 6 10 .. 1,398 16 3 Auckland .. .. .. .. 623,606 17 0 223,271 0 2 34.593 19 4 15,053 19 0 13,493 10 10 8,203 5 1 .. 5,929 18 3 Gisborne .. .. .. .. 405.726 0 9 150,157 3 3 19,259 5 1 12,530 8 0 377 15 6 6,738 6 8 .. 669 17 4 Hawke's Bay .. .. .. 524,873 0 0 139,457 9 0 22,607 4 4 12,471 5 0 4,215 15 2 10,456 0 0 .. 5,635 0 0 Taranaki .. .. .. .. 317,619 9 3 72,117 10 10 9,116 11 4 5,099 14 2 1,320 14 10 4,146 0 5 .. 542 19 2 Wellington .. .. .. .. 1,565,879 0 0 573,367 0 0 98,764 12 5 20,506 0 1 j 12,413 4 9 31,178 13 10 .. 9,109 19 1 Marlborough .. .. .. 143,402 13 9 38,497 7 0 4,701 1 4 3,433 10 9 2,654 5 0 3,877 15 5 .. 1,368 7 6 Nelson .. .. .. .. 164,950 16 9 15,996 0 0 2,373 5 0 304 7 6 473 9 10 2,495 10 0 .. 399 19 7 Westland .. .. .. .. 1.177 13 0 .. .. .. .. 112 5 11 .. 12 10 0 Canterbury .. .. .. .. 1,149,013 4 4 162,736 0 2 20,637 17 4 17,969 14 6 6,788 19 9 28,149 7 8 .. 13,294 19 5 Otago .. .. .. .. 459,963 0 0 109,230 6 8 9.211 8 2 3,337 11 5 8,698 3 2 10,057 16 7 .. 3,659 6 7 Southland .. .. .. .. 147,685 12 10 , 22,984 1 1 3,596 1 10 1,947 15 0 2,259 0 7 1,090 3 8 .. 1,382 0 1 Totals .. .. .. 5,777,003 7 8 1,590,987 6 11 237,723 5 11 96,120 8 8 58,541 7 8 109,046 12 1 .. 43,403 13 3 Native Land Settlement Account. North Auckland .. .. .. 2,340 0 0 550 0 0 137 0 0 Auckland .. .. .. .. 103,550 0 0 34,527 0 0 1,862 12 10 243 3 1 4,173 13 6 427 7 3 .. 384 12 0 Gisborne .. .. .. .. 124,865 0 0 15,005 0 0 1,701 18 4 .. .. 1,642 3 0 .. 67 10 0 Hawke's Bay .. .. ..I 506,651 0 0 63,826 10 4 9,465 7 6 14,246 10 7 8,380 9 6 9,481 18 7 .. 1,950 15 3 Taranaki '.. .. .. .. ! 43,394 8 2 7,835 0 0 224 3 6 215 14 9 233 3 8 123 12 0 Wellington .. .. .. .. ! 48,039 0 0 7,784 0 0 577 16 0 78 0 6 1,248 14 7 1,217 7 4 Marlborough ...... J Nelson ........ Westland ........ Canterbury ........ Otago ........ Southland ........ . . .. .. Totals .. .. .. 828,839 8 2 129,527 10 4 13,968 18 2 14,783 8 11 14,036 1 3 12,892 8 2 I .. 2,402 17 3 | j

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Revaluation of Soldiers' Farms in Terms of the Discharged Soldiers Settlement Amendment Act, 1923.—Report as at 31st March, 1930— continued.

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Rent, Interest, or | _ , , Instalment written off, . . j Postponements made Total Capital invested or consequent upon -n . • , ■, Remissions granted Postponements Instalment by Land in District. Total Capital Value Reduction of Capital. Revaluation dating Remissions granted by Land Board on granted up to Ten Postponements made respect of Moneys due under each Heading. back to 1st July, 1921, b y Dominion Board. Recommendation .of Yeara. to End ol Term. i since 30th June, 1923, or Date of Title Dominion Board. | on Recommendation or other Date.' I ot Dominion Board. National Endowment Account. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. North Auckland .. .. .. 80,185 0 0 1 18,155 16 0 2,089 4 11 281 10 8 3,559 9 5 408 19 4 Auckland .. .. .. .. 50,691 0 0 4,190 0 0 577 1 0 294 4 0 2,059 13 1 114 0 0 .. 88 0 0 Gisborne .. .. .. .. .. ! .. .. .. .. 171 2 2 Hawke's Bay .. .. .. 14,714 0 0 .. .. .. 48 0 0 228 14 0 Taranaki .. .. .. .. 45,469 10 0 2,010 0 0 229 16 0 107 13 2 672 6 8 160 6 3 Wellington .. .. .. .. 15,276 0 0 4,497 0 0 453 16 0 .. 272 0 0 50 16 0 Marlborough .. .. .. 44,243 0 0 .. .. 315 10 0 5 18 0 474 19 2 .. 201 0 2 Nelson .. .. .. .. 157,054 19 0 5,493 15 6 564 4 2 189 1 4 75 18 4 349 7 4 .. 46 1 7 Westland .. .. .. .. 4.448 5 0 60 0 0 4 5 4 .. 108 4 2 37 3 6 .. 49 4 0 Canterbury .. .. .. .. 184,359 1 3 19,360 0 0 2,894 5 0 1,957 17 7 .. 4,338 16 3 .. 1,126 10 0 Otago .. .. .. .. 121,835 0 0 475 0 0 30 16 0 32 2 4 25 4 2 621 3 6 Southland .. .. .. .. 14,194 17 6 j 250 0 0 45 0 0 32 16 0 138 7 0 .. .. 32 11 0 Totals .. .. .. 732,470 12 9 J 54,491 11 6 6,888 8 5 3,210 15 1 6,965 0 10 6,955 7 6 .. 1,543 6 9 i ; j j ; Crown Lands. North Auckland .. .. .. 73,221 0 0 5,707 0 0 718 12 1 560 16 10 ! 1,802 9 10 509 13 0 1 .. I 282 13 10 Auckland .. .. .. .. 109,780 0 0 32,027 7 0 4,062 14 0 2,037 6 10 9,004 13 7 1,506 11 3 .. : 518 4 6 Gisborne .. .. .. .. 25,954 0 0 5,862 2 6 639 9 7 679 19 7 .. 325 14 3 Hawke's Bay .. .. .. 13,346 00 .. .. 940 18 92 205 6 0 Taranaki .. .. .. .. 75,682 11 11 14,745 11 3 1,208 5 0 1,300 7 11 979 15 2 1,295 5 2 .. 66 12 0 Wellington .. .. .. .. 110,213 0 0 48,328 0 0 3,326 11 0 2,194 1 8 5,345 5 8 2,816 8 3 .. j 916 6 0 Marlborough .. .. .. 35,629 0 0 851 15 0 745 15 0 31 3 8 67 2 10 510 6 0 .. I 60 10 0 Nelson .. .. .. .. 270,238 10 6 965 0 0 73 4 1 61 9 4 122 3 10 302 19 0 .. 35 15 3 Westland .. .. .. .. 2,075 14 7 .. .. 43 18 0 92 1 4 23 2 11 Canterbury .. .. .. .. 18,035 3 1 280 0 0 37 16 0 .. .. 78 12 6 Otago .. .. .. .. 179,301 0 0 4,478 15 0 480 19 2 23 17 6 .. 241 1 8 .. 215 9 2 Southland .. .. .. .. 31,178 4 1 2,387 0 0 321 5 0 194 15 5 1,405 0 8 107 11 0 .. j 73 0 0 Totals .. .. .. 944,654 4 2 : 115,632 10 9 11,614 10 11 7,137 0 9 18,837 2 1 7,922 11 0 .. ' 2,168 10 9 Any other Account. North Auckland .. .. . . ! 1.107 0 0 .. .. .. .. 250 5 0 I Auckland .. .. .. .. 96.812 0 0 48,785 0 0 6,880 1 8 1,399 9 8 5,507 12 7 246 6 6 i .. 69 0 0 Gisborne .. .. .. .. 47,555 0 0 9,120 0 0 416 0 0 328 0 0 1,830 8 0 432 8 4 .. 148 0 0 Hawke's Bay .. .. .. 24,540 0 0 .. .. .. .. 542 6 0 .. 268 10 0 Taranaki .. .. .. .. 13,803 16 8 .. .. 62 18 1 .. 73 18 7 Wellington .. .. .. .. 29,901 0 0 1,951 0 0 40 1 4 .. 425 12 0 490 9 11 Marlborough ...... Nelson ........ Westland .. .. .. .. 300 0 0 .. .. .. . . 30 0 0 Canterbury .. .. .. .. 119,654 3 5 1,310 0 0 183 0 0 .. .. 2,676 12 0 .. 1,371 12 4 Otago .. .. .. .. 39,264 0 0 .. .. .. .. 28 13 0 Southland .. .. .. .. 32,983 0 0 1,865 0 0 261 2 0 99 14 1 .. 631 10 6 .. 256 17 10 Totals .. .. .. 405,920 0 1 63,031 0 0 7,780 5 0 1,890 1 10 7,763 12 7 5,402 9 10 .. 2,114 0 2 Grand totals .. .. 17,241,736 10 5 | 2,789,375 16 7 435,672 19 9 189,520 7 6 254,532 9 0 317,42113 8 127,41116 7 148,925 7 10

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Adjustments by Dominion Revaluation Board in Terms of the Discharged Soldiers Settlement Amendment Act, 1924, as at 31st March, 1930.

FINANCIAL REVIEW. Discharged Soldiers Settlement Account. Loan Capital. —The loan capital of the account has been reduced during the year on account of the redemption of debentures totalling £425,770, and now stands at £15,680,995 16s. Bd. Advances authorized. — The policy of confining new loans for the purchase of individual farms and dwellings to severely disabled discharged soldiers has been continued, but applications for loans by discharged soldiers in need of financial accommodation on current account for the purposes of development and stocking their farms are still being entertained. The following table sets out the extent of loans authorized for the year : —

The total authorizations show an increase over last year's figures to the extent of £73,813, which is almost totally comprised of additional loans on current account made to settlers who are continuing the development of their farms and increasing the stocking capacity. Current Account Advances. —The advances outstanding on current account (£1,965,055 7s. lOd.) are less than those of last year by £285,496 6s. lid. Although a certain number of loans have been repaid during the year, the bulk of the reduction has been brought about as a result of the conversion of suitable proportions of expiring loans to the security of instalment mortgages, repayable on longterm tables. This procedure, which will be continued, tends to consolidate securities, and should reflect to the benefit of both the settlers and the State. The following comparative statement shows receipts on Capital and Revenue Accounts for the last five years : — 1925-26. 1926-27. 1927-28. 1928-29. 1929-30. £ £ £ £ £ Capital .. 954,441 945,293 1,067,392 1,205,892 1,054,123 Revenue .. 686,546 708,391 755,586 757,761 727,703 Total 1,640,987 1,653,684 1,822,918 1,963,653 1,781,826 Properties disposed of. —The following abandoned freehold and leasehold properties were disposed of during the year: Number, 161 ; area, 46,158 acres; value, £180,711. Properties on Hand aivaiting Selection at the End of the Year. —Farms, on which advances to purchase under section 2 of the Discharged Soldiers Settlement Amendment Act, 1917, had been made, available for disposal at 31st March, 1930 : Number, 90 ; area, 56,709 acres ; value, £85,944. Leasehold farms, previously held by discharged soldiers, available for disposal at 31st March, 1930 : Number, 100 ; area, 56,116 acres ; value, £80,066.

Adjustments in Current Account. [ Districts. T tieS al K ™ n90 ' Original Value. I deduced by North Auckland .. .. 500,072 0 0 46,073 9 8 2,570 0 6 14,210 6 0 2,173 2 2 Auckland .. .. .. 802,751 6 1 43,296 1 0 13,830 0 0 16,959 0 0 1,406 17 I Gisborne .. .. 116,010 0 0 850 0 0 .. 7,114 0 0 114 0 9 Hawke'sBay .. .. .. 184,383 1 4 6,008 7 11 380 0 0 9,990 0 0 1,507 11 2 Taranaki .. .. .. 297,530 12 9 25,936 2 5 850 0 0 5,030 0 0 1,941 10 2 Wellington .. .. .. 633,405 0 0 49,302 0 0 2,040 0 0 17,375 0 0 8,130 0 0 Marlborough .. .. .. 58,280 0 0 2,269 15 1 200 0 0 400 0 0 114 .16 1 Nelson .. .. .. 106,184 13 3 3,148 18 1 762 0 0 4,610 0 0 Westland .. .. .. 34,176 9 8 1,735 0 0 Canterbury .. .. .. ! 250,967 8 6 4,462 6 2 2,035 0 0 38,712 8 10 1,931 5 10 Otago .. .. .. 127,808 8 2 3,509 10 90 0 0 11,080 2 1 828 0 7 Southland .. .. .. 11.1,080 8 10 2,783 16 10 .. 6,080 0 0 689 0 7 Totals .. .. 3,222,649 8 7 189,374 18 2 22,757 0 0 131,560 10 11 18,836 4 5

New Loans. Additional Loans. Number. ! Amount. Number. I Amount. . I Discharged Soldiers Settlement Act, 1915, section 6 — £ £ Advances on current account .. .. 45 21,234 64-2 121,571 Discharged Soldiers Settlement Amendment Act, 1917, section 2 —Advances on farms, &c. .. .. 8 7,097 19 10,970 Advances on dwellings .. .. .. .. 26 17,508 136 25,979 79 | 45,839 797 j 158,520

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The Department continues to hold abandoned farms for sale at very reasonable prices, and in the case of those properties which have been allowed to deteriorate or for other causes do not appear to attract settlers, is willing to offer substantial concessions to suitable applicants who can be expected to work the farms in a proper manner. In some cases loans under the development provisions of the Land Laws Amendment Act, 1929, can be made to civilian selectors for improvement purposes. Discharged soldiers can also be provided for in this respect and advances for the purchase of stock can be made out of the Discharged Soldiers Settlement Account. Residential properties on hand and available for disposal at the 31st March, 1930, numbered 149, valued at £100,713. General. —A perusal of the year's operations as disclosed by the Revenue Account shows that the gross loss of £301,861 12s. 6d. is composed chiefly of capital losses resulting from the sale of abandoned properties and by further reductions of mortgages and remissions of interest granted by the Dominion Revaluation Board. These total £279,918 Is. 6d. Difficulty is still experienced in disposing of abandoned farms and houses in some localities, and, as at the end of the year, the above-mentioned properties were on hand for disposal further losses can be anticipated, as the values shown represent considerable reductions on book figures. Reports from the various districts are generally in optimistic vein, and notwithstanding the fall in prices this Las to a considerable extent been offset by increased production resulting from favourable climatic conditions combined with improved methods of pasture-treatment and herd-testing. LANDS PROCLAIMED. The lands set apart for selection by discharged soldiers during the year totalled 2,462 acres, making a grand total of 1,440,090 acres proclaimed since the inception of the scheme. This large area is made up as follows : — Class of Land. f Ordinary Crown land .. .. .. .. .. 604,790 Land-for-settlements land .. .. .. .. .. 400,511 National-endowment land .. .. .. .. .. 431,433 Cheviot Estate land .. .. . . . . .. 3,356 1,440,090 Proclamations have been issued revoking the setting-apart of 223,397 acres of Crown land and 96,986 acres of land for settlements land. APPLICATIONS FOR LAND. Applications for land under the Discharged Soldiers Settlement Act, 1915, to the number of sixty-three were received during the year. The following table gives the number of applications and the area allotted for each year from the inception of the soldier-settlement scheme : —

, .. . Allotments made. ,, ,. Applications Year ending „• j ; receive . Number. \ Area (Acres), 31st March, 1916 .. .. .. .. 272 2 629 1917 .. .. .. .. 522 319 143,524 1918 .. .. .. .. 513 313 103,362 1919 .. .. .. .. 1,379 348 117,018 1920 .. .. .. .. 5,041 932 403,891 1921 .. .. .. .. 5,396 1,087 414,867 1922 .. .. .. .. 878 403 97,972 1923 .. .. .. .. 284 146 25,113 1924 .. .. .. .. 216 79 16,910 1925 .. .. .. .. 123 47 9,014 1926 .. .. .. .. 109 86 20,500 1927 .. .. .. .. 78 66 17,412 1928 .. .. .. .. 96 60 15,695 1929 .. .. .. .. 90 77 13,275 1930 .. .. .. .. 63 53 16,665 Totals for fifteen years .. .. j 15,060 4,018 ! 1,415,847 J. B. Thompson, Under-Secretary.

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APPENDIX. REPORTS OF COMMISSIONERS OF CROWN LANDS. NORTH AUCKLAND. (0. N. Campbell, Commissioner of Crown Lands.) In common with the civilian farmer, the soldier has had a remarkably good season as far as production was concerned ; but, unfortunately, the prices of produce were much below those of last season. The dairy-farmer fared on the whole much better than the sheep-farmer, as the extra production of butterfat, due to the good season, will about even his loss in reduced prices received. A few of our soldier mortgagors are holding their wool in anticipation of a rise next season. Diseases among dairy herds are still prevalent, and these cases will require special consideration. The insistence by the Department of making the mortgagor rear for upkeep 20 per cent, of his best heifer calves, has tended to improve the herds, and has obviated the necessity of purchasing culls in the open market. The policy of purchasing winter run-offs for soldiers located on swamp country has been of great benefit, and has not only assisted in freeing many herds from diseases, but has rendered the swamp areas free from continual pugging. The adjustment of mortgages made by the Dominion Revaluation Board has given the soldier much encouragement, and it is anticipated that there will be no retrogression as far as the mortgagor is concerned. Very few soldiers' farms have changed hands during the year, and those which have come back on the Department's hands have found a ready sale. The work of consolidating soldiers' mortgages is proceeding rapidly, due care being taken to see that the soldier is firmly established before any such action is taken by this office. Recommendations covering 109 cases of transfer from current account to instalment mortgages have been approved. In fifty-three cases the whole of the old current accounts have been transferred to instalment mortgages, and in thirty - six cases portion only has been transferred, leaving the balance on current account at 6 per cent. In the remaining twenty cases there has not been sufficient equity in the land to permit of instalment mortgages being taken. The old current accounts have, therefore, in these cases been renewed. Of cases investigated to date the amount transferred from current account to. instalment mortgage is £42,090, and the balance remaining on current account at 6 per cent, is £19,494. These adjustments have had the effect of giving the mortgagor either full or free control of his chattel assets ; or, by separating the land and stock advances, has given him the incentive to repay the balance charged against his stock account. The number of abandoned leaseholds and freeholds held by discharged soldiers under section 20 of the Discharged Soldiers Settlement Amendment Act, 1923, at the end of the year was nine, of an area of 3,856 acres, and valued at £8,750. House property has not been in great demand this year, and much difficulty has been experienced in disposing of properties which have come into the hands of the Department. The 'shortage of houses which was apparent three or four years ago has been effectually overcome through extensive building by private contractors, and in recent years has been further diminished by the erection in and around the city of numerous flat properties. These factors, combined with unemployment, have created a very dead market for houses. At the end of the financial year there were available for disposal sixty-seven houses. Of this number thirty-one are occupied on weekly or monthly tenancies. AUCKLAND. (K. M. Graham, Commissioner of Crown Lands.) With few exceptions, steady progress has been made by the soldier settlers in this district during the past year, and credit is due to them for the manner in which they are handling their farms, improving their stock, and meeting their mortgage and rental liabilities to the Department. The season has been an exceptionally good one for grass, owing to a plentiful rainfall and suitable weather conditions, and this has resulted in an increase in butterfat-production which will do much to compensate the settlers for the low prices now ruling for that commodity. Ragwort has, unfortunately, proved to be a serious menace on many of the small farms in certain localities, and in certain instances it has been necessary to reduce herds to a minimum and stock up with sheep to control and eradicate this pest. In cases such as these, further advances on current account have been made, to enable the settlers to recondition and improve their fences and subdivide their holdings into smaller paddocks. Where the settler has co-operated loyally with the Department in its endeavour to assist him on these lines, it is evident that the set-back due to the reduction of the herd will be of a temporary nature, and, with good management, satisfactory results and increased production will again soon be achieved. The drop in the price of wool and in the value of sheep has adversely affected this season's returns from grazing ; but as the majority of soldier settlers are engaged in dairying the effect of this slump has not been felt in this district to the same extent as elsewhere.

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Current Account Advances. —During the year a large number of current accounts have been reviewed, and where there is sufficient security in the properties, and the settler's financial position appears sound, portion, if not the whole, of the advances has been converted to instalment mortgages for fifteen years and a half, bearing interest at 5| per cent., subject to rebate for prompt payment, the terms of repayment varying according to the circumstances. In a number of cases where private mortgages exist, and advances are all on stock and chattels, and in other oases where the valuation of the security does not warrant it, and the term of the original mortgage has expired, the advances are being left on current account at 6 per cent., repayable on demand. There is still a considerable number of accounts to be dealt with. In some cases the original term has not expired, these being dealt with as they expire, and in most of the other cases the properties are not developed sufficiently to stand the additional charge, and this, with the drop in prices of produce, makes them difficult to deal with. These latter cases are being reviewed from time to time, and are adjusted as the opportunity allows. The total number of cases up to the 31st March, 1930, in which the whole or part of advances have been converted to instalment mortgage is 335, and the amount transferred £193,875. The adjustment of these mortgages has created a much more satisfactory position, both from the soldiers' and the State's point of view. A considerable number of the Department's bills of sale has been released, and the soldiers affected appreciate the consequent freedom to deal with stock, &c. The several amounts of loans and advances outstanding at the end of the financial year are : Farms, £991,737 ; current account, £408,227 ; dwellings, £365,182. GISBORNE. (E. H. Farnie, Commissioner of Crown Lands.) Generally speaking, the soldier settlers in this district continue to do fairly well, thanks to the successful efforts of the Dominion Revaluation Board. A few cases still require close supervision, but it may be taken for granted that most of these men are now on a fairly good footing. Several adjustments of area have been effected on Ardkeen and Glencoe Settlements by subdividing and allotting two or three forfeited sections to existing settlers in need of additional areas. In a number of cases the Dominion Board has been asked to revise previous determinations where such appeared to be advisable, while a steady policy of conversion of current account mortgages to instalment mortgages has also been pursued. HAWKE'S BAY. (J. D. Thomson, Commissioner of Crown Lands.) Generally speaking, the soldier settlers are now well established, and quite contented with their position, but there are still a few who have not turned out satisfactorily. Most cases of misfits have been weeded out, and those who are at present unsuccessful are of a type which, while perfectly capable of hard work, lacks the necessary application. These cases, under supervision, are improving, and I have hopes of their ultimate success. In the past few years a good many settlers have abandoned their farms or have had to transfer to avoid forfeiture, while some the Department has had to sell up. In going over these cases at the present date, it is curious to observe that in practically every instance'the incoming man, in some cases a soldier, in others a civilian, has made good, and these properties have not since caused the Office any concern. This shows that in most cases it was not the farm which was at fault but the man, and justified the Department in its action. The Dominion Revaluation Board in the past twelve months has reconsidered a few cases, and made reductions in values which should materially assist the settlers concerned to make a success of their holdings. Last year prices were good, but this year the unfortunate drop in the price of wool has made things difficult for the sheep-farmer. Good average prices, however, were obtainable for fat lambs, and where a farmer is able to fatten lambs he should have little difficulty in carrying on. The settler who is running wethers alone will have a very lean year. The dairy-farmer is in a better position as although the price of butterfat has fallen, this is more than offset by the increased yields per cow. Herd testing and culling, top-dressing, and supplementary green feeding have been instrumental in the increase of the yields, and I am pleased to record that the average per cow on soldier sections is now 215 lb. of butterfat. The highest yield was 392 lb. One of our soldier farmers, Mr. J. B. Baker, of the Tiratu Block, won the Challenge Cup presented by the Hon. E. A. Ransom, M.P., for the herd showing the most improvement in the Dannevirke District. His herd of thirty-six cows showed an increase from 239 lb. to 310 lb. of butterfat. In May, 1929, serious floods occurred in the district between Hastings and Fernhill owing to the Ngaruroro and Tutaekuri Rivers, swollen with heavy rain, breaking their banks. Several thousands of acres were inundated, and some of our settlers had. their lands completely, or partially, flooded, and as a consequence pastures were damaged and fences destroyed. The flood waters took a long time in completely getting away, and a good deal of the land was practically useless for some months. Several thousand sheep and many cattle were drowned. The work of re-establishing the areas is still under way, and this has caused a great deal of expense and hard toil. It is pleasing to note that the average settler is steadily improving in his farming methods, more attention is being paid to systematic top-dressing, with a natural benefit to the pastures. Farmers are going in more for ensilage as against hay, and the growing of root crops as a supplementary ration is steadily on the increase. During the year a systematic examination of all current account advances has been, made with a view to placing the amounts owing on instalment mortgages. The number of cases where it has

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been found necessary to renew the current account at 6 per cent, is very few, and where it has been ascertained that conversion would act to the detriment of the mortgagor, action has been held over. In the majority of cases the conversion is welcomed by the mortgagor. The number of new advances on current account during the year is six, and it is expected that for the next few years there will be further applications. The new mortgagors are all shaping well. TARANAKI. (W. D. Armit, Commissioner of Crown Lands.) The soldier settlers, in common with the rest of the farming community, have experienced an excellent production season, which has, to a large degree, counterbalanced the ill-effects of low prices, particularly to the dairy-farmer. Numbers of factories having sold their output at fair prices, and in some instances combining the manufacture of casein with dairy-produce, has resulted in very fair returns to the soldier settlers concerned. In other localities, with different conditions, the low receipts have constituted a set-back, but in most cases increased production has helped the situation. Following copious rains in January and February, the month of March rainfall registered only 1-03 in. at New Plymouth, and enabled delayed haymaking to be completed. Good average rainfalls are maintaining pasture growth, and the season promises to be an excellent one for production. The grazier soldier settler has experienced a lean year, and equities in current account have been prejudicially affected. Wool is being held in store by some of the Crown mortgagors, and, wherever expedient, advances are being made on a conservative scale against this wool pending realization, to carry the settler along. The majority, however, have met the market and sold, accepting prices generally between 7d. and Bd. per pound. A large number of graziers dairy a small herd in addition, and this is helping materially during the present year of low prices. Hogget losses in a few instances have been exceptionally heavy. The first sheep fairs opened with low prices for settlers, but hardened later at subsequent sales. Cattle prices have been quite satisfactory, and show a good return this year in a number of soldier settlers' accounts. Ragwort continues to be a source of trouble in a number of cases. A supply of the cinnabar moth has been released on one property by the officers of the Department of Agriculture, and. in course of time some assistance may be expected from this source. Various sprays are also being experimented with on soldier properties with some encouraging results. The chief remedy is the provision of a small flock of sheep on high priced land, and financial assistance has been given in a number of such cases. The position generally may be summed up as being a year of slow progress owing to the general slump in values. During the past year the conversion of current account advances to instalment mortgages has been continued. Each case is treated on its merits, and sixty cases, involving the conversion of £25,900, have been completed during the period under review. During the past year eleven soldier properties have been abandoned, forfeited, or subjected to foreclosure. An improvement has been shown in taking up the abandoned farms, and twenty-nine have been disposed of, which is more than double the number of disposals for the previous year. Areas suitable for dairying will always command a ready sale. Of the properties dealt with under the provisions of the Discharged Soldiers Settlement Act, there are now 367 held by soldiers, and 129 held by civilians. House properties to the number of 487 are held under mortgage. The total amount of advances including current account outstanding as at the end of the year, amounts to £1,142,600 ss. Bd., being made up as follows : Current account, £155,645 lis. 6d. ; advances on houses, £295,672 6s. 9d. ; advances on farms, £691,227 2s. lid. ; and miscellaneous advances, £55 4s. 6d. The revenue for the year amounted to £168,517, and advances made came to £79,100 4s. 4d. Notwithstanding the lower prices prevailing, it is pleasing to note that arrears have shown an all round decrease as compared with the previous year. At present the arrears are as follows : On farms, £7,341 Bs. 2d. ; on house properties, £1,390 4s. 3d. ; and interest on current account, £1,390 19s. lOd. Powers of sale, in connection with house properties, were exercised in eight cases, and there were resales in nine cases. House properties are not in great demand at present, and there are seven still available for disposal, but it is hoped to get rid of three or four of these shortly. WELLINGTON. (H. W. C. Mackintosh, Commissioner of Crown Lands.) As the farms of the discharged soldiers are not situated in any particular locality, but are to be found right throughout the land district, the observations made with regard to the settlers on Ordinary Crown lands would apply equally to these. The sheep and wool grower has not had a prosperous year, but the dairy-farmer will probably come out about the same as last year. If butterfat prices had remained the same as for last year there is no doubt that the dairy-farmer would have had a most prosperous year. The Dominion Revaluation Board has practically completed its survey of the position with regard to soldiers' farms, and there is little doubt that the reductions, remissions, and other concessions granted by the Board will reflect beneficially on the settlers. The amount received during the year by way of payments of interest, principal, &c, was £313,310.

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NELSON. (A. F. Waters, Commissioner of Crown Lands.) Discharged Soldier Settlement. —The observations made as to farming conditions generally apply equally to discharged soldier settlers. The disastrous earthquake of last winter caused considerable damage to the properties of a number of soldier settlers, attended in many cases with heavy losses of stock. This has caused disorganization of farm-work, as the repair of dwellings and farm buildings had to take priority of routine work. It is, however, gratifying to note that an increasing number of doubtful cases are becoming firmly established. The slump in butter and wool will hit a number of soldier settlers fairly hard, especially those who. have been unable to build up a reserve against lean years. MARLBOROUGH. (P. R. Wilkinson, Commissioner of Crown Lands.) Notwithstanding the vast amount of investigation of the position of discharged soldier settlers and the liberal concessions that have been granted by the Dominion Revaluation Board, it is found that a number of the settlers,are not progressing. This state is found to be more particularly confined to the poorer lands where farms carved out from the bush are devoted to dairying. The return per cow on these lands is generally low, and the gross return per settler insufficient to meet his land charges, provide a living, and furnish a surplus for developmental work. Each case is more or less constantly under review, and where circumstances warrant the Department endeavours to help the settler along. This state does not., apply so particularly to the more open lands ; but, even so, cases of difficulty and hardship appear, and where the settler is giving of his best to make good, his case receives sympathetic consideration. Dairymen generally have experienced a fairly satisfactory season, notwithstanding the fall in price of the butter and cheese. Factories report increased production. Herd-testing is increasing, and the farmer, realizing the necessity to . only feed and work the best producers, this method of eliminating the non-payable beast will further increase. Improvement of pasture by top-dressing is also on the increase, but the cost of haulage to the outlying farms is a retarding influence. Lime and other manures are very necessary to the bush dairy-farms, but are not used as extensively as desired on account of the costs. The soldier agricultural farmer, as with this class of farming generally, had much to contend against with the abnormally wet season from winter to harvesting. The Alberton and Neville soldier settlements were under water for a considerable period, and sowing was late. Returns were indifferent. Sheep-farming : The settlers following this line of farming have not had a satisfactory season owing to the fall in prices of wool and sheep. Their progress generally is considerably retarded by the low-figure returns for the season, and some have a difficult time ahead. Dwellings : The majority of dwelling property accounts are in a satisfactory position, but lack of employment causes a number to fall into arrear. Three abandoned properties remain unsold. The demand for non-modern class of house is very limited, and any property lacking conveniences is hard to quit. The following is the position of accounts under the Discharged Soldiers Settlement Act: Current account advances, £34,607 6s. 6d. ; instalment mortgage advances on farms, £211,049 13s. 2d. ; instalment mortgage advances on dwellings, £81,144 17s. 4d. : total, £326,801 17s. Receipts during the year, £29,986 os. 7d. Arrears—lnterest on current account, £1,177 ss. Id. ; instalments on farms, £3,944 15s. ; instalments on dwellings, £322,125. 4d. WESTLAND. ' (W. T. Morpeth, Commissioner of Crown Lands.) The task of stabilizing the soldier settlers in this district may be considered to be practically completed. Few additional applications for remissions or revaluations may be expected —possibly there may be one or two, but no more. In all other cases the soldier settlers are in a satisfactory position, and have reached the self-supporting stage, and mainly business of a routine nature only remains to be transacted. CANTERBURY. (W. Stewart, Commissioner of Crown Lands.) Soldier settlement in Canterbury is now on a firm basis and given reasonable prices and good seasons any further difficulties should be obviated. As in the past every endeavour has been made when opportunity offered to increase the areas of those subdivisions which are on the small side. It is only to be expected that in dealing with any considerable number there will always be a few who are not suitable for farming life. These are gradually transferring or otherwise disposing of their holdings, and, generally speaking, the settlers now on the books are genuine triers and hard workers with every prospect of success. Practically all current account advances for improvements have now been transferred to instalment mortgages, and the settlers are thus enabled to repay such advances on the long-term-mortgage system. OTAGO. (N. C. Kensington, Commissioner of Crown Lands.) The general progress of soldier settlers appears to have been well maintained, and with the low prices realized during the past year the previous concessions granted under revaluations have proved of general assistance. There are some whose position is still difficult, and who require special treatment, but if values improve this year they should be able to carry on, and eventually come out all

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right. The great number recognize their responsibilities, and are prepared to meet them in the same manner as their civilian neighbour, who has not been blessed with the same consideration. Viewing the position of the soldier settler to-day, it can safely be said that his position is more stable than many of his neighbours who have bought properties on the open market and are carrying heavy mortgages. There are only two abandoned farms on hand at present, and it is expected that they will be disposed of shortly. SOUTHLAND. (J. Macdonald, Commissioner of Crown Lands.) At no period since the inception of soldier settlement in Southland has the outlook appeared better in regard to the prospects of these settlers as a whole than at the present time. Irrespective of the position of their current-account advances and their outside commitments to trading firms, it is no exaggeration to say that, owing to the improved conditions of their farms and the consequent increased carrying-capacity, the farms bought for settlement under section 2 of the Act are better security to-day and hold greater possibilities for continued success of the individual holders than at any time since purchased. The soldier settlers in Southland are a progressive class, who have been in the lead right through in adopting the modern farming methods which have prevailed in this district during the last ten years. In every locality they are keenly interested in herd-testing. Pasturemanagement is another matter that is getting a good deal of attention. The isolated areas of ragwort which can be seen on some of the best land are not on soldiers' farms, as this menace was dealt with years ago by them in a very simple and effective manner —that is, by running a few failing-mouth ewes in conjunction with their dairy herds. Teihoka Settlement is used solely as sheep-farms, and the settlers there are well established with a very good class of stock. Campbell Settlement is worked on mixed-farming lines, and, although the holdings are, if anything, a bit small, the original selectors are all still in occupation and improving their positions. Some have acquired small additional areas, while others supplement their revenue by doing contract work such as roadmaking. Allenby and Strathvale Settlements are both dairying propositions, and with the improved facilities which the deepening of the Opio Stream will give, the conditions, which were always good, will be made still better. Monte Cristo Settlement has seen a good many changes, but the present condition, with the exception of one holding, is good, and all holdings are now occupied.

TABLE 1. Total Lands acquired from the Crown by Discharged Soldiers and held at the 31st March, 1930.

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right. The great number recognize their responsibilities, and are prepared to meet them in the same manner as their civilian neighbour, who has not been blessed with the same consideration. Viewing the position of the soldier settler to-day, it can safely be said that his position is more stable than many of his neighbours who have bought properties on the open market and are carrying heavy mortgages. There are only two abandoned farms on hand at present, and it is expected that they will be disposed of shortly. SOUTHLAND. (J. Macdonald, Commissioner of Crown Lands.) At no period since the inception of soldier settlement in Southland has the outlook appeared better in regard to the prospects of these settlers as a whole than at the present time. Irrespective of the position of their current-account advances and their outside commitments to trading firms, it is no exaggeration to say that, owing to the improved conditions of their farms and the consequent increased carrying-capacity, the farms bought for settlement under section 2 of the Act are better security to-day and hold greater possibilities for continued success of the individual holders than at any time since purchased. The soldier settlers in Southland are a progressive class, who have been in the lead right through in adopting the modern farming methods which have prevailed in this district during the last ten years. In every locality they are keenly interested in herd-testing. Pasturemanagement is another matter that is getting a good deal of attention. The isolated areas of ragwort which can be seen on some of the best land are not on soldiers' farms, as this menace was dealt with years ago by them in a very simple and effective manner —that is, by running a few failing-mouth ewes in conjunction with their dairy herds. Teihoka Settlement is used solely as sheep-farms, and the settlers there are well established with a very good class of stock. Campbell Settlement is worked on mixed-farming lines, and, although the holdings are, if anything, a bit small, the original selectors are all still in occupation and improving their positions. Some have acquired small additional areas, while others supplement their revenue by doing contract work such as roadmaking. Allenby and Strathvale Settlements are both dairying propositions, and with the improved facilities which the deepening of the Opio Stream will give, the conditions, which were always good, will be made still better. Monte Cristo Settlement has seen a good many changes, but the present condition, with the exception of one holding, is good, and all holdings are now occupied. TABLE 1. Total Lands acquired from the Crown by Discharged Soldiers and held at the 31st March, 1930. Sale (im luding Del ferred Payment). Lease am License. Grand Tot: ils. Land District. Number of Dischargedsoldier Purchasers and Licensees. Number of Holdings. Area. Price. Number of Discbargedsoldier Tenants. Number of Holdings. Area. Annual Rental. Number of Discharged Soldiers. Number of Holdings. Area. U'. I \der the Hscharget Soldiers Settlement ct, 1915, and Ament Iments. Acres. 57,658 89,163 56,922 89,790 27,991 163,475 15,495 20,510 19,793 217,845 205,769 13,338 North Auckland Auckland Gisborne Hawke's Bay Taranaki Wellington Nelson Marlborough Westland Canterbury Otago Southland 15 45 1 14 45 1 Acres. 2,625 1,330 29 £ 3,435 15,690 15 299 539 118 226 128 728 23 53 17 366 129 76 297 532 116 235 126 705 23 52 17 365 123 84 Acres. 55,033 87,833 56,893 89,790 27,989 163,388 14,279 20,510 19,645 217,526 203,678 11,896 £ 9,800 25,260 13,221 29,747 7,429 75,822 1,615 4,612 193 39,956 13,581 3,971 314 584 119 226 129 743 26 53 18 392 134 84 311 577 117 235 127 720 26 52 18 391 128 92 1 15 3 1 15 3 2 87 1,216 310 5,543 1,292 1 26 5 8 1 26 5 8 148 319 2,091 1,442 150 8,953 3,520 6,840 Totals 120 119 9,289 45,748 2,702 2,675 968,460 225,207 2,822 2,794 977,749 ! I Under other Act is, (This it •eludes la', ds selecte id at ordi', cquired b% tary ballots, transfer or leases am otherwise. licenses p' irchased it auction. and holt lings at North Auckland Auckland Gisborne Hawke's Bay Taranaki Wellington Nelson Marlborough Westland Canterbury Otago Southland 11 49 1 4 3 11 , 47 1 o 3 1,168 22,754 3 273 1,099 1,304 20,503 85 550 586 90 339 42 43 169 156 95 120 66 215 226 43 87 310 39 44 152 151 90 111 62 224 219 44 18,976 145,646 34,982 14,733 54,121 54,726 51,512 264,379 16,992 151,597 907,455 77,747 3,241 7,261 4,322 3,694 3,054 34,437 1,491 6,760 358 22,502 21,698 2,180 101 388 43 43 173 156 98 120 67 218 227 44 98 357 40 44 155 151 93 111 63 227 220 45 20,144 168,400 34,985 14,733 54,394 54,726 52,611 264,379 17,192 151,653 907,508 77,874 1 3 1 1 1 3 1 1 200 56 53 127 168 386 177 40 Totals 74 71 25,733 23,799 1,604 1,533 1,792,866 110,998 1,678 1,604 1,818,599 Grand totals 194 190 35,022 69,547 4,306 4,208 2,761,326 336,205 4,500 4,398 2,796,348 3—C. 9.

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TABLE 2. Statement of Mortgage Transactions, Financial Year ended 31st March, 1930.

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Principal. Interest. District Balance at j Tranfprs tn j Balance on Mortgage Balance at | ; Losses, Rebates, Balance at 31st March, 1929, Advances Repayments Realization and I at 31at March, 1930, 31st March, 1929, Charges Receipts Remissions, 31st March, 1930, including during Year. during Year. other Accounts including Post- including Post- during Year. during Year. and Transfers to including Postponements, j ' * ponements. ponements. J other Accounts. Postponements. I ! North Auckland — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ! £ s. d. £ s. d. Current account .. .. 403,981 13 2 70,602 12 11 50,508 0 4 49,926 9 3 374,149 16 6 17,937 4 4 18,799 19 8 I 20,940 13 3 1 2,656 9 10 13,140 0 11 Farms, orchards, &c. .. .. 1,181,006 19 6 4,515 0 0 21,062 14 9 *38,882 10 7 1,203,341 15 4 50,593 4 9 61,376 1 11 56,893 17 9 11,796 11 8 43,278 17 3 Dwellings, business premises, &c. .. 1,805,555 16 3 3,877 6 0 72,823 1 1 7,796 4 11 1,728,813 16 3 7,032 8 8 90,917 16 10 83,222 16 8 7,961 11 8 6,765 17 2 Totals.. .. .. 3,390,544 8 11 78,994 18 11 144,393 16 2| 18,840 3 7 3,306,305 8 1 75,562 17 9 171,093 18 5 161,057 7 8 | 22,414 13 2 63,184 15 4 Auckland — Current account .. .. 553,619 19 11 81,567 15 1 70,791 18 6 156,168 15 2 408,227 1 4 13,867 0 7 22,097 9 6 24,221 1 3 j 1,599 2 8 10,144 6 2 Farms, orchards, &c. .. .. 896,048 9 11 900 0 0 25,579 19 0 *135,567 16 6 1,006,936 7 5 24,468 16 8 51,660 5 7 47,676 16 7 9,063 4 3 19,389 1 5 Dwellings, business premises, &c. .. 374,857 16 4 912 0 7 14,563 5 1 *7,322 15 7 368,529 7 5 1,812 14 1 18,319 10 11 18,259 5 0 554 13 6 1,318 6 6 Totals.. .. .. 1,824,526 6 2 83,379 15 8 110,935 2 7 13,278 3 1 1,783,692 16 2 40,148 11 4 92,077 6 0 90,157 2 10 11,217 0 5 30,85114 1 Hawke's Bay — Current account .. .. 184,383 1 4 84,220 7 3 62,108 3 3 28,171 5 7 178,323 19 9 4,989 2 1 9,148 2 7 9,356 8 6 86 1 5 4,694 14 9 Farms, orchards, &c. .. .. 299,699 18 3 720 0 0 7,462 5 0 *20,407 8 5 313,365 1 8 5,564 3 4 16,140 0 11 14,027 9 4 3,015 6 11 4,661 8 0 Dwellings, business premises, &c. .. 348,126 15 9 613 0 0 15,942 5 10 389 11 1 332,407 18 10 1,240 18 11 17,003 15 4 16,232 11 8 1,227 0 7 785 2 0 Totals.. .. .. 832,209 15 4 85,553 7 3 85,512 14 1 8,153 8 3 824,097 0 3 11,794 4 4 42,291 18 10 39,616 9 6 4,328 8 11 j 10,141 4 9 Gisborne — Current account .. .. 44,055 5 2 15,430 9 0 13,926 15 10 9,010 13 11 36,548 4 5 815 7 1 1,921 17 2 2,117 13 5 38 13 5 580 17 5 Farms, orchards, &c. .. .. 168,260 18 10 350 0 0 4,349 0 7 *3,745 13 11 168,007 12 2 2,755 13 2 8,973 7 1 8,068 11 11 1,730 18 9 1,929 9 7 Dwellings, business premises, &c. .. *147,034 5 9 987 12 3 5,315 18 3 770 12 9 141,935 7 0 576 13 2 7,726 1 10 6,937 16 1 1,033 16 6 331 2 5 Totals.. .. .. 359,350 9 9 16,768 1 3 23,591 14 8 6,035 12 9 346,491 3 7 4,147 13 5 18,621 6 1 17,124 1 5 2,803 8 8 2,841 9 5 Taranaki Current account .. .. 183,532 9 10 94,075 10 8 94,212 7 10 27,950 1 2 155,445 11 6 3,940 9 6 8,750 15 0 9,011 6 4 157 10 9 3,522 7 5 Farms, orchards, &c. .. .. 679,565 0 10 .. 12,803 19 4 *29,631 13 4 696,392 14 10 13,085 5 3 35,643 0 7 31,850 17 5 5,623 0 4 11,254 8 1 Dwellings, business premises, &c. .. 311,861 4 9 643 3 6 14,871 12 7 945 9 1 296,687 6 7 769 7 6 16,029 17 10 14,756 12 1 1,782 18 2 259 15 1 Totals.. .. .. 1,174,958 15 5 94,718 14 2 121,887 19 9 *736 3 1 1,148,525 12 11 17,795 2 3 60,423 13 5 55,618 15 10 7,563 9 3 15,036 10 7 Wellington — Current account .. .. 382,854 17 4 94,385 10 11 88,623 17 9 8,539 15 9 380,076 14 9 13,196 2 3 19,452 2 8 i 19,337 16 2 1,190 18 1 12,119 10 8 Farms, orchards, &c. .. .. 890,669 4 11 5,250 0 0 25,175 19 11 6,808 6 2 863,934 18 10 17,575 19 10 44,980 1 9 I 40,591 4 2 7,112 13 11 j 14,852 3 6 Dwellings, business premises, &c. .. 1,277,129 15 8 ! 17,181 1 0 61,453 7 2 *763 7 5 1,233,620 16 11 1,030 8 1 65,185 6 6 59,649 15 4 5,388 2 8 1,177 16 7 Totals.. .. .. 2,550,653 17 11 j 116,816 11 11 175,253 4 10 14,584 14 6 2,477,632 10 6 31,802 10 2 129,617 10 11 119,578 15 8 13,691 14 8 28,149 10 9

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Marlborough — j ! i ' Current account .. .. 41,536 7 5, 8,368 6 7 9,213 5 1 6,084 2 5 34,607 6 6 2,334 7 2 1,870 17 6 1,449 17 10! 1,014 9 6 1,740 17 4 Farms, orchards, &c. .. .. 215,066 5 8, 400 0 0 3,172 19 5 *972 19 4 213,266 5 7 7,989 12 11 , 11,082 17 6 8,967 11 8 j 3,499 0 10 6,605 17 11 Dwellings, business premises, &c. .. 84,939 2 5 .. 3,496 9 10 37 8 5 81,405 4 2 151 12 1 4,308 5 10 3,957 5 8 376 19 5 125 12 10 Totals.. .. .. 341,541 15 6 8,768 6 7 15,882 14 4 5,148 11 6 329,278 16 3 10,475 12 2 j 17,262 0 10 ! 14,374 15 2 | 4,890 9 9 | 8,472 8 1 Nelson — Current account .. .. 68,341 7 1 12,796 3 3 11,789 11 6 3,339 5 3 66,008 13 7 1,958 19 0 3,481 5 2 3,242 5 9 457 3 10 1,740 14 7 Farms, orchards, &e. .. .. 331,992 17 3 350 0 0 5,470 13 4 4,087 1 5 322,785 2 6 7,199 3 11 16,698 16 10 13,836 17 10 3,814 5 7 6,246 17 4 Dwellings, business premises, &e. .. 57,602 8 7 .. 2,814 9 2 *168 0 10 54,956 0 3 53 13 10 2,933 16 7 2,612 1 9 260 11 0 114 17 8 Totals.. .. .. 457,936 12 11 13,146 3 3 20,074 14 0 7,258 5 10 443,749 16 4 9,211 16 9 23,113 18 7 | 19,691 5 4! 4,532 0 5 8,102 9 7 . _ Westland — Current account .. .. 20,789 4 7 5,478 0 0 3,768 5 1 1,588 9 8 20,910 9 10 939 3 3 1,046 19 9 1,123 15 9 210 3 5 652 3 10 Farms, orchards, &c. .. .. 73,414 1 0 .. 2,174 14 7 *1,335 0 11 72,574 7 4 2,747 11 10 3,642 0 11 3,946 19 11 653 19 10 1,788 13 0 Dwellings, business premises, &c. .. 18,307 12 5 .. 748 4' 7 *100 0 0 17,659 7 10 98 1 0 918 10 8 895 19 2 57 13 8 ! 62 18 10 Totals.. .. .. 112,510 18 0 5,478 0 0 6,691 4 3 153 8 9 111,144 5 0 3,784 16 1 5,607 11 4 5,966 14 10 921 16 11 ' 2,503 15 8 Canterbury — Current account .. .. 191,837 3 7 124,552 15 11 117,042 15 5 45,836 12 1 153,510 12 0 5,468 14 5 7,658 17 8 7,714 13 10 859 7 5 | 4,553 10 10 Farms, orchards, &c. .. .. 882,230 5 8 1,906 17 9 17,915 16 2 *38,489 7 7 904,710 14 10 19,140 6 4 47,875 7 9 42,524 111 7,287 11 10 17,204 0 4 Dwellings, business premises, &c. 985,173 14 9 9,148 0 0 50,208 16 6 *753 6 4 944,866 4 7 1,693 18 7 49,864 18 4 44,993 12 7 4,676 19 7 1,888 4 9 Totals.. .. .. 2,059,241 4 0 135,607 13 8 185,167 8 1 6,593 18 2 2,003,087 11 5 26,302 19 4 105,399 3 9 95,232 8 4 12,823 18 10 23,645 15 11 Otago — Current account .. .. 72,593 6 2 13,765 2 6 20,137 111 12,191 2 10 54,030 3 11 2,099 19 0 3,197 11 9 s 3,248 5 4 250 14 1 1,798 11 4 Farms, orchards, &c. .. .. 318,454 10 6 697 10 0 11,538 7 8 *5,865 111 313,478 14 9 5,338 13 5 16,362 6 2 14,493 18 8 2,574 18 7 4,632 2 4 Dwellings, business premises, &c. .. 339,904 4 10 4,630 0 0 26,150 16 11 *234 17 6 318,618 5 5 501 4 7 16,914 1 8 15,847 6 4 1,171 19 6 396 0 5 Totals.. .. .. 730,952 1 6 19,092 12 6 57,826 6 6 6,091 3 5 686,127 4 1 7,939 17 0 36,473 19 7:33,589 10 4 3,997 12 2 6,826 14 1 Southland —• Current account .. .. 98,218 11 10 35,758 17 3 29,321 18 10 4,818 18 6 99,836 11 9 3,321 7 10 4,960 12 7 4,742 0 5 338 8 11 3,201 11 1 Farms, orchards, &c. .. .. 357,362 14 0 4,265 0 0 11,870 15 9 *1,418 11 7 351,175 9 10 11,304 14 3 17,805 6 5 16,227 8 11 3,288 7 11 9,594 3 10 Dwellings, business premises, &c. .. 133,517 0 10 325 0 0 10,290 8 0 17 11 7 123,534 1 3 146 18 8 6,627 11 7 6,095 9 5 508 12 3 170 8 7 Totals.. .. .. 589,098 6 8 40,348 17 3 51,483 2 7 3,417 18 6, 574,546 2 10 14,773 0 9 29,393 10 7 j 27,064 18 9 4,135 9 1 j 12,966 3 6 Summary. Current account .. .. .. 2,245,743 7 5 641,001 11 4 1571,444 1 4 353,625 11 7'l,961,675 5 10 70,867 16 6 1102,386 11 0 106,505 17 10 8,859 3 4 57,889 6 4 Farms, orchards, &c. .. .. 6,293,771 6 4 19,354 7 9 |148,577 5 6 *265,420 16 6 6,429,969 5 1 167,763 5 8 ! 332,239 13 5 299,105 16 1 59,460 0 5 141,437 2 7 Dwellings, business premises, &c. .. 5,884,009 18 4 38,317 3 4 |278,678 15 0 614 10 2 5,643,033 16 6 15,107 19 2 |296,749 13 11 273,460 11 9 25,000 18 6 13,396 2 10 Grand totals .. .. 14.423,524 12 1 698,673 2 5 [998,700 1 10 88,819 5 3 14,034,678 7 5 253,739 1 4 i731, 371 18 4 679,072 5 8 93,320 2 3 212,722 11 9

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DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Revenue Account for Year ended 31st March, 1930. Dr. £ s. d. Or. £ s. d. £ s. d. To Audit fees .. . . .. .. 700 0 0 By Interest on advances — Commission on sale of properties .. .. 7.1 14 0 Current account .. 102,380 11 0 Depreciation—Plant Account .. .. 248 6 2 Farms, orchards, &c. .. 332,239 13 5 Interest accrued on debentures .. .. 273,509 14 8 Dwellings, business preInterest accrued on advances from Consoli- mises, &c. .. .. 296,749 13 11 dated Fund .. .. .. .. 434,000 0 0 Miscellaneous.. .. 1,880 8 10 Management expenses .. .. .. 39,900 0 0 733,256 7 2 Miscellaneous expenses —Incidental expendi- Interest on surplus funds temporarily invested 23,959 10 3 ture in connection with properties acquired 2,011 15 5 Interest on investment in Public Debt RePrinting and stationery .. .. .. 29b 19 4 demotion Fund .. .. .. 1,061 5 11 Rebates .. .. .. .. 46,929 4 4 Profits on disposal of properties .. .. 900 18 6 Reductions in value of securities, &c. — Profit on disposal of plant, &c. .. .. 145 9 3 Losses written off — £ s. d. Recoveries of losses previously written off .. 285 10 11 Writings off in Suspense 241,108 14 6 Rents and royalties from properties acquired Section 4, Discharged by Crown .. .. .. .. 27,585 15 2 Soldiers Settlement Transfer and production foes .. .. 485 7 0 Amendment Act, 1924 615 12 11 Valuation fees .. .. .. .. 92 7 6 Amount written off capital Balance —Loss for year, carried down .. 301,861 12 6 value of leases under sections 4 and 5, Discharged Soldiers Settlement Amendment Act, 1921-22 465 0 0 Reductions by Dominion Revaluation Board .. 20,681 4 2 Reductions under Deteriorated Lands Act, 1925 .. 318 1 3 Reductions under section 210, Land Act, 1924 .. 5,599 12 8 Remissions under Deteriorated Lands Act, 1925 .. 2,000 8 1 Dominion Revaluation Board remissions . . 9,069 7 11 279,918 1 6 Remissions of rent and interest— Land Board recommendations .. .. 11,775 7 7 Remissions under section 16, Discharged Soldiers Settlement Amendment Act, 1921-22 .. .. 76 2 5 11,851 10 0 Revaluation Board expenses .. .. 59 14 3 Stamp duty on transfer of consolidated stock and management expenses .. .. 234 0 11 Travelling-expenses of Inspectors of Securities, &c. .. .. .. .. .. 368 1 8 Valuation expenses .. .. .. 135 1 11 £1,090,234 4 2 £1,090,234 4 2 £ s. d. To Balance—Loss for year, brought down .. 301,861 12 6 By Transfer from Reserve Account — £ s. d. Balance forward from previous year .. 15,133 13 10 Losses on abandoned properties .. .. 279,918 1 6 Adjustment on account previous years .. 5,375 18 1 Balance —Loss, carried forward .. .. 42,453 211 £322,371 4 5 £322,371 4 5

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DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Receipts and Payments Account for Year ended 31st March, 1930. Receipts. Payments. Balance at Ist April, 1929' — £ s. d. £ s. d. Annual appropriation—Vote, £ s. d. £ s. d. Cash .. .. .. 115,799 17 10 Expenses of management .. .. 39,900 0 0 Imprests outstanding .. 5,685 2 6 Expenditure under section 9 of Investment Account .. 299,034 17 0 the Discharged Soldiers Set420,519 17 4 tlement Act, 1915— Credits in reduction of expendi- Miscellaneous expenditure on ture under section 9, Dis- properties acquired by charged Soldiers Settlement Crown .. .. .. 2,543 5 4 Act, 1915— Printing and stationery .. 312 7 4 Transfer and production fees 484 2 6 Travelling-expenses of InMiscellaneous recoveries on spectors of Securities .. 373 4 6 properties acquired by the Valuation expenses .. 171 0 10 Crown .. .. .. 667 2 5 Fees refunded .. .. 17 9 6 Sale of plant, &c. .. .. 314 17 10 Expenditure on Mataikona Valuation fees .. .. 115 9 6 Station.. .. .. 524 9 0 Sundry debtors —Miscellaneous 5 4 7 Audit fees .. .. 700 0 0 Receipts during year on ac- Payment to Land for Settlecount Mataikona Estate .. 3,381 15 10 ments Account of moneys Transfer to Land for Settle- received to 31st March, ments Account of expendi- 1930, on account Mataikona ture to 31st March, 1930, Estate .. .. .. 83,018 811 on Mataikona Estate .. 55,053 2 9 87,660 5 60,021 15 5 Advances under sections 6 and 9of the Discharged Repayments in respect of ad- Soldiers Settlement Act, 1915, &c. — vances under sections 6 and Advances— £ s. d. 9, Discharged Soldiers Set- Current account .. 042,988 3 7 tlement Act, 1915, &c.— Farms, orchards, &o. .. 19,354 7 9 Current account .. .. 571,243 14 1 Dwellings, business preFarms, orchards, &c. .. 148,577 5 6 mises, &c. .. .. 38,317 3 4 Dwellings, business premises, Miscellaneous advances .. 1,789 6 3 &c. .. .. .. 278,678 15 0 Capital expenditure on proBuildings account .. .. 882 1 6 perties acquired by Sale of live and dead stock . . 739 12 10 Crown— Miscellaneous advances .. 1,807 19 11 Freehold .. .. 3,940 19 4 Receipts on account of pro- Leasehold .. .. 408 2 0 perties acquired by Crown Expenditure in respect of (freehold, £15,238 ss. Bd. ; properties in course of leasehold, £1,369 18s. Bd.) 10,608 4 4 realization .. .. 4,922 15 7 Receipts on account of pro- Payments of instalments on perties in course of realiza- State Advances Departtion .. .. .. 12,710 811 ment mortgages .. 42 13 10 Recovery of loss previously Purchase of live-stock .. 28 1 9 written off .. .. 225 16 3 Sundries.. .. .. 118 11 Sundry creditors .. .. 117 1 6 711,793 12 4 Miscellaneous .. .. 27 2 9 Interest on transfer from Consolidated Fund .. 460,967 3 7 Sundry debtors —Miscellaneous 111 14 9 Interest on loans recouped to Consolidated Fund 272,901 3 1 1,031,729 17 4 Stamp duty on transfers of consolidated stock .. 115 13 1 Interest in respect of advances Management charges of consolidated stock .. 118 7 10 under sections 6 and 9, Dis- Suspense Account ■ — Amounts charged Soldiers Settlement allocated — £ s. d. Act, 1915 — Fire Loss Suspense Account. . 12,824 10 3 Interest— Suspense Account .. .. 4,560 15 6 Current account .. 106,522 0 I 17,385 5 9 Farms Account .. .. 299,133 17 4 Securities redeemed .. .. .. .. 425,770 0 0 Dwellings Account .. 273,474 11 9 Merged transactions under section 20, Discharged Buildings Account .. 1,124 15 3 Soldiers Settlement Amendment Act, 1923 — Miscellaneous .. .. 30 14 0 Refund to Land for Settlements Account of Sundry debtors —Miscellaneous 9 19 6 amount paid under section 20 (5) .. .. 565 0 0 680,295 17.11 Balance at 31st March, 1930— £ s. d. Discharged Soldiers Settlement Cash .. .. .. 211,859 7 0 Amendment Act, 1921-22, Imprest outstanding .. 3,722 12 3 sections 4,11, and 13—Sundry Investment Account .. 24,640 17 0 debtors for rent .. .. .. 22,675 5 8 240,222 16 3 Merged transactions under section 20, Discharged Soldiers Settlement Amendment Act, 1923— Section 20 (3)— Principal instalments . . 250 14 2 Interest instalments .. 951 2 5 Section 20 (4) —Properties in course of realization .. 2,090 0 0 Section 20 (5)' —Principal instalments .. .. 14 16 2 — — 3,306 12 9 Interest on investments .. .. .-. 22,086 15 5 Interest on temporary transfers to other accounts 107 3 7 Suspense Accounts —Receipts awaiting allocation — £ s, d. Fire Loss Suspense Account 12,968 13 6 Suspense Account .. .. 3,687 8 5 16,656 1 11 £2,257,399 7 4 £2,257,399 7 4

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DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st March, 1930. Liabilities. Assets. Capital— £ s. d. £ s. d. Advances on mortgages— £ s. d. £ s. d. Transferred from Consoli- Current Account .. 1,965,055 7 10 dated Fund .. 13,500,000 0 0 Farms, orchards, &c. .. 6,348,338 12 2 Reduction—Section 22, Dwellings, business preFinance Act, 1927 mises, &c. .. ..5,609,810 15 1 (No. 2) .. .. 2,650,000 0 0 13,923,204 15 1 Land leased under sections 4 and 5, Discharged 10,850,000 0 0 Soldiers Settlement Amendment Act, 1921-22 433,074 18 9 Debentures issued .. 4,784,835 16 8 Unpaid purchase-price (not yet payable) of Depreciation Fund .. 46,160 0 0 buildings on Crown properties .. .. 25,149 110 15,680,995 16 8 Sundry advances merged with value of Crown lands (section 20, Discharged Soldiers Settlement Amendment Act, 1923) .. 42,005 11 7 Interest due and unpaid on debentures .. 1,850 3 9 Realization Account —Properties in course of Consolidated Fund—lnterest not recouped to realization .. .. .. .. 234,666 7 3 Consolidated Fund .. .. .. 2,114 8 7 Properties acquired by Crown — £ s. d. Interest accrued on debentures at 31st March, Freehold .. .. 280,523 10 6 1930 .. .. .. .. 52,630 111 Leasehold .. .. 158,596 19 5 Interest accrued on amount transferred from 439,120 9 11 Consolidated Fund .. .. .. 35,671 4 8 Payments in advance —Mis- ' oellaneous credit bal- Live and dead stock .. .. .. 3,003 16 11 ances— £ s. d. Machinery and plant .. .. .. 231 611 Interest on Current Ac- Office requisites .. .. .. .. 20 11 1 count .. .. 406 1 2 Dominion Revaluation Board — Current AcPrincipal instalments — count advances —Suspenso (sections 3 (3) (6), Farms Account .. 982 0 2 Discharged Soldiers Settlement Amendment Interest on Farms Ac- Act, 1924) .. .. .. .. 9,900 0 0 count .. .. 3,995 8 4 Sundry debtors for principal Principal instalments — instalments— £ s. d. Dwellings Account .. 453 10 5 Instalments— Interest on Dwellings Ac- Farms Account .. 48,499 2 8 count .. .. 697 8 4 Dwellings Account .. 33,521 19 11 Sundry Debtors for Rent Section 20 (3), Discharged Account .. .. 357 8 4 Soldiers Settlement Miscellaneous.. .. 24 2 9 Amendment Act, 1923 905 17 5 6,915 19 6 Buildings Account .. 405 19 11 83,332 19 11 Sundry creditors —Miscellaneous services— Sundry debtors for interest— Imprests outstanding .. 3,709 15 3 Interest— Departmental .. 238 3 5 Current Account .. 55,095 6 5 Sundries .. .. 117 1 6 Farms Account .. 63,403 1 5 4,065 0 2 Dwellings Account .. 13,931 15 6 Section 20 (3), Discharged Soldiers Settlement Sundry creditors —Current Account advances.. 3,380 2 0 Amendment Act, 1923 2,998 8 11 State Advances Office —Advances .. .. 2,858 17 7 Buildings Account .. 300 3 8 Suspense Account —Receipts not yet allocated 855 6 9 Miscellaneous .. 29 8 0 Realization Suspense Account —Surpluses on 135,758 3 11 realization of properties not yet allocated .. 271 11 2 Fire Loss Suspense Account .. .. 6,403 13 4 Rents charged in advance .. .. .. 5,500 12 6 Sundry debtors for— Interest charged in advance .. .. 144 19 1 Rent of properties .. 11,865 4 1 Writings-off in Suspense .. .. .. 142,466 14 1 Miscellaneous advances .. 996 7 11 Reserve for depreciation .. .. .. 176 3 8 Sale of stock and impleReserve Account—General .. .. 26,849 0 9 ments .. .. 184 16 1 Reserve Account —Losses on £ s. d. Sundries .. .. 117 1 6 abandoned properties, &c. 750,000 0 0 Miscellaneous services—Departmental .. .. 1,834 19 1 14,998 8 8 Less — Losses on realization .. 537,864 15 9 Interest due and unpaid on surplus funds Reductions in value of temporarily invested .. .. .. 2,759 11 5 mortgages — Postponements— £ s. d. Revaluation Board .. 58,739 2 1 Instalments of principal— DeterioratedLandsAct, Farms Account .. 34,113 10 5 1925 .. .. 27,459 17 3 Dwellings Account .. 154 1111 Land Act, 1924, section Buildings Account .. 24 5 3 216 .. -• 8,857 12 8 InterestRemissions — Current Account .. 3,200 1 1 Revaluation Board .. 24,112 19 2 Farms Account .. 82,029 9 6 Deteriorated Land Act, Dwellings Account .. 161 15 8 1925 .. .. 11,763 10 1 Buildings Account .. 49 6 3 Debtors'rents .. .. 1,724 4 6 668.797 17 0 121,457 4 81,202 3 0 Carried forward .. 16,054,351 19 2 Carried forward .. 15,468,683 7 10

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DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st March, 1930 — continued. Liabilities. £ s. d. Assets. £ s. d. Brought forward .. .. 16,054,351 19 2 Brought forward .. .. 15,468,683 7 10 Per contra — Interest on advances accrued but not due .. 116,752 2 3 Accumulated losses written off under section Interest on investments accrued but not due 580 2 4 22, Finance Act, 1927 (No. 2), by dis- Losses in Suspense .. .. .. 142,466 14 1 charge of liabilities, as follows — Revenue Account—Balance carried forward .. 42,453 2 11 Interest unpaid on trans- £ s. d. Investment in Public Debt Redemption Fund 43,193 13 6 fer from. Consolidated £ s. d. Fund ..1,100,000 0 0 Cash in Public Account .. 211,859 7 0 Interest on debentures Imprests outstanding .. 3,722 12 3 due to Consolidated Investment Account .. 24,640 17 0 Fund .. 160,010 12 6 240,222 16 3 Redemption of deben- Per contra — tures from Consolid- Accumulated losses written off under section atedFund .. 30,000 0 0 22, Finance Act, 1927 (No. 2)— Interest accrued on de- Revenue Account —Loss £ s. d. bentures redeemed to 31st March, 1928.. 1,652,443 17 4 from Consolidated ReserveAccount —Losses Fund .. .. 496 2 1 on abandoned proReduction of transfer perties .. .. 750,000 0 0 from Consolidated Revaluation reductions, Fund .. .. 2,650,000 0 0 &c. .. .. 1,422,315 13 7 Against Reserve Account 29,252 16 4 Charges and expenses of 3,969,759 10 11 raising loans .. 145,000 0 0 3,969,759 10 11 £20,024,111 10 1 £20,024,111 10 1 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Receipts and Payments Account, Revenue Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper. —Preparation, not given; printing (825 copies), £26.

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