H.—llb

Session 11. 1921. NEW ZEALAND.

HOUSING ACT, 1919. STATEMENT OF ACCOUNTS FOR YEAR ENDED 31st MARCH 1921.

Presented to both Houses of the General Assembly pursuant to Section 28 (7) of the Housing Act, 1919.

(a.) Revenue Account, Ist December, 1919, to 31st Makoh, 1920. £ s. d. • 1 c. (I. To Administration expenses (general) 509 711 By Administration charges .. .. 181 13 9 Salaries .. .. .. 2,810 7 5 Grazing rent .. .. .. 12 11 0 Commission .. .. .. 77 18 11 Interest receivable .. .. 5,356 1 3 Office rent .. .. .. 100 0 0 Insurance concession . . .. 57 17 1 Interest payable .. .. 4,017 5 7 Miscellaneous receipts .. .. 58 17 0 Balance (carried forward into next year's Revenue Account) .. 1,847 19 3 £7,514. 19 10 £7,514 19 10 (b.) Balance-sheet as at 31st March, 1920. Liabilities. £ S. d. Assets. £ s. d. Sundry depositors .. .. .. 3,244 18 3 Vacant land .. .. .. 23,5.18 13 9 Elates Account .. .. .. 55 15 4 Dwellings let or leased .. .. 7,(i(i(i 4 9 Sundry creditors— Sundry purchasers— For rent .. .. .. 100 0 0 Balance of principal .. .. 310,549 1 0 For payments on oontract .. 197 10 0 Balanoe of advanoes .. .. 37 0 4 Lands Department— Bents transferable Balance owing on vacant seotions .. 1,872 18 (i to land revenue .. .. .. IS 14 0 Dwellings in course of erection (includOonsohdated Fund—Expenditure re- ing stock of materials and plant) .. 5,338 14 0 payable to Labour Department Tote 3,202 11 10 Instalments collectable— Arrears outInlerest accrued on capital .. .. 4,297 18 8 standing .. .. .. 1,646 Iβ 8 Special maintenance reserve .. .. 39 16 3 Rents collectable Arreaa outstanding 52 2 8 Reserve for maintenance of dwellings Deposit Aooount .. .. .. 3,114 19 .'! let; or leased .. .. .'. 24 1 6 Office furniture .. .. .. 187 16 9 Reserve for depreciation of dwellings Premiums paid in advance .. .. 370 (i 10 let or leased .. .. .. 1,279 511 Cash in bands of agents .. .. (i 2 011 Fnsurance reserve .. .. .. 919 19 6 , Cash at G.P.O. .. .. .. 042 1 7 Capital .. .. .. •• 355,454 9 8 Cash at bank (including imprest advance) .. .. .. .. 11,928 4 1 Revenue Account (balance carried forward into next year's account) .. 1,847 19 3 £368,835 0 10 £368,835 0 10 Examined and found correct. — It. J. Collins, Controller and Auditor-General. 29th June, 1921. (c.) Revenue Account fob the Year ended 31st Makch, 1921. Dr. £ s. d. i Or. £ s. d. £ s. d. I',, interest .. .. .. 12,567 19 8 By InterestSalaries .. .. .. 16,360 11 4 From purchasers, &c. 17,730 8 5 Office rent .. .. .. 1,077 10 10 From tenants .. 303 19 I Administration expenses .. 2,801 7 11 18,094 7 (i Commission .. .. .. 192 9 8 Insurance rebate .. .. 90 1 11 Depreciation on furniture .. 138 14 8 Administration expenses recouped 3,994 12 4 Grazing .. .. .. . 53 10 6 Miscellaneous receipts .. .. 75 2 8 Net loss for year to Net Revenue Account* .. .. .. 9,830 19 2 £32,138 14 1 £32,138 14 1