B.—l [Pt. 11l

5

HOUSING DEPARTMENT. Balance-sheet as at 31st March, 1920. Liabilities. £ s. d. Assets. £ s. d. Sundry depositors .. .. .. 3,244 18 3 Vacant land .. .. .. 23,518 13 9 Rates Account .. .. .. 55 15 4 Dwellings let or leased .. .. 7,666 4 9 Sundry creditors— Sundry purchasers— For rent .. .. .. 100 0 0 Balance of principal .. .. 310,549 1 6 For payments on contract .. 197 10 0 Balance of advances .. .. 37 0 4 Lands Department—Rents transferable Balance owing on vacant sections .. 1,872 18 6 to land revenue .. . . .. 18 14 0 Dwellings in course of erection (includConsolidated Fund —Expenditure re- ing stock of materials and plant) .. 5,338 14 0 payable to Labour Department vote 3,202 11 10 Instalments collectable —Arrears outInterest accrued on capital .. .. 4,297 18 8 standing .. .. .. 1,646 16 8 Special maintenance reserve .. .. 39 16 3 Rents collectable—Arrears outstanding 52 2 8 Reserve for maintenance of dwellings Deposit Account .. .. .. 3,114 19 3 let or leased .. .. .. 24 1 6 Office furniture .. .. .. 187 16 9 Reserve for depreciation of dwellings Premiums paid in advance .. .. 370 6 10 let or leased .. .. .. 1,279 511 Cash in hands of agents .. .. 62 011 Insurance reserve .. .. .. 919 19 5 Cash at G.P.O. .. .. .. 642 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 Revenue Account, Ist December, 1919, to 31st March, 1920. £ s. d. £ s. d. To Administration expenses (general) 509 7 11 i By Administration charges .. .. 181 13 9 Salaries .. .. .. 2,810 75 | Grazing rent .. .. . ... 12 11 6 Commission .. .. .. 77 18 11 j Interest receivable .. .. 5,356 1 3 Office rent .. .. .. 100 0 0 j Insurance concession .. .. 57 17 1 Interest payable .. .. 4,017 5 7 I Miscellaneous receipts .. .. 58 17 0 Balance (carried forward into next year's Revenue Account) .. 1,847 19 3 £7,514 19 10 I £7,514 19 10 Balance-sheet as at 31st March, 1921. Liabilities. £ s. d. Assets. £ s. d. Capital Account .. .. .. 624,163 15 10 Cash at bank — £ s. d. Sundry creditors — Housing Account .. 33,997 4 7 On open account .. .. .. 1,251 1 9 Deposit Account .. 6,049 18 8 Treasury for interest .. .. 18,516 2 1 Public Account .. 18 4 8 Outstanding liabilities for rent, &c. .. 4,192 2 11 40,065 7 11 Sundry depositors .. .. .. 4,587 3 5 Cash in Post Office .. .. 1,027 1 5 Special maintenance reserve .. .. 139 16 8 Cash in hand — Depreciation reserve .. .. 1,459 10 0 Branches .. .. 42 13 1 Insurance reserve .. .. .. 1,752 11 3 Imprestees .. 5 I 10 Gravel Account .. .. .. 98 8 9 47 14 11 Loan on mortgage .. .. 3,500 0 0 Sundry debtors .. .. 608 8 11 Sundry purchasers— Dwellings .. .. 416,839 3 1 Advances .. .. 586 6 10 Vacant sections .. 1,610 16 6 419,036 6 5 Instalments in arrears .. .. 1.876 6 3 Rents in arrears .. .. 75 15 6 Stocks of materials .. .. 31,651 1 6 Works in progress .. .. 25,938 111 Uncompleted contracts .. 47,852 9 2 Office furniture and fittings 187 16 3 Net purchases during year 583 3 10 771 0 7 Less depreciation .. 138 14 8 632 5 11 Office bicycles .. .. .. 15 0 9 Freehold land .. .. .. 62,108 14 2 Freehold dwellings let or leased .. 7,300 17 4 Freehold dwellings (purchases incomplete) 2,030 0 0 Premiums paid in advance .. .. 523 17 4 Repairs and Maintenance Account .. 192 4 10 Revenue Account — Bal- £ s. d. ance at 31/3/20 .. 1,847 19 3 Add net loss for year* .. 9,830 19 2 11,678 18 5 £656,160 12 8 £656,160 12 8

* A portion of this amount is chargeable to uncompleted dwellings, land not yet built upon, and other future operations; the balance is largely due to the initial expenses incurred in setting-up the Housing Branch.