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RANGITAIKI LAND DRAINAGE ACCOUNT. Receipts and Payments Account fob Year ended 31st March, 1925. Keceipts. £ s. d. Payments. £ s. d. Cash in Public Account, Ist April, 1924.. 1,148 7 2 Drainage - works, stop - banks, clearing Debentures issued under— £ s. d. channels, and other expenditure inciRangitaiki Land Drain- dental to drainage operations .. 23,057 15 8 age Amendment Act, Engineering and administration expenses 1,087 12 2 1913, and Finance Act, Travelling-expenses .. .. .. 75 1 2 1923, section 5 .. 27,100 0 0 Legal expenses .. .. .. 93 17 0 Rangitaiki Land Drain- Plant and machinery .. .. 27 13 1 age Amendment Act, Loose tools .. .. .. .. 30 5 11 1913, and Finance Act, Material and stores .. .. .. 2,020 10 3 1924, section 5 .. 10,000 0 0 Fuel .. .. .. .. 3,519 510 — 37,100 0 0 Refund of rent .. .. .. 2 0 0 Rates paid as remission Refund of overpaid rates .. .. 0 14 10 from Consolidated Interest on debentures .. .. 20,915 7 4 Fund under section Balance at 31st March, 14, Appropriation 1925— £ s. d. Act, 1924— Cash .. .. 42,013 7 2 Year 1921-22 .. 15,314 510 Investment Account .. 7,000 0 0 Year 1922-23 .. 20,254 12 8 49,013 7 2 Year 1923-24 .. 23,003 13 9 — 58,632 12 3 Rents .. .. .. . . 121 9 8 "Thirds" .. .. .. .. 18 14 6 Proceeds from transfers of plant to other works .. .. .. .. 1,479 18 9 Rates— £ s. d. 1917-18 .. .. 1 16 8 1918-19 .. .. 2 3 1 1919-20 .. .. 14 4 9 1920-21 .. .. 13 18 7 1921-22 .. .. 29 18 8 1922-23 .. .. 54 14 4 1923-24 .. .. 1,079 18 10 1924-25 .. .. 6 7 1 Suspense Account .. 0 7 0 1,203 9 1 Sundries .. .. .. .. 138 19 0 £99,843 10 6 £99,843 10 6 Revenue Account as at 31st March, 1925. £ s. d. £ s. d. Interest on debentures .. .. 21,447 19 2 Rates levied.. .. .. .. 28,414 14 1 Administration expenses .. .. 289 7 0 Penalty on overdue rates .. .. 2,184 15 5 Remission of rates .. .. .. 2,187 7 7 Accrued rents .. .. .. 119 3 0 Principal contained in rates transferred " Thirds" .. .. . . . . 18 14 6 to Suspense Account .. .. 6,485 0 0 Interest on investments .. .. 34 10 5 Balance transferred to Drainage Works Account .. .. .. .. 362 3 8 £30,771 17 5 ; £30,771 17 5 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. 510,000 0 0 Drainage - works—Expenditure in conUnpaid purchase-money, sundry Natives 210 1 1 nection therewith, including wages, Suspense Account .. .. .. 8,486 16 1 supplies, administration, and engineerSundry creditors .. .. •• 2,620 14 2 ing expenses, and depreciation of plant 449,456 16 7 Consolidated Fund, for interest, &c., paid 4,932 II 7 Less principal contained in rates levied Interest on debentures (unpaid) .. 5,157 18 4 to 31st March, 1924 .. .. 22,461 12 3 Suspense Account—Principal contained in rates levied for year ended 31st March, 426,995 4 4 1925 .. .. .. .. 6,485 0 0 Plant and machinery .. .. 26,280 19 3 Live-stock .. . . . . .. 64 10 0 Loose tools.. .. .. .. 563 11 7 Buildings .. .. .. .. 1,458 19 0 Material and stores .. . . .. 594 19 6 Fuel .. . . .. .. 349 18 6 Investment—Public Trust Office, sinking fund .. .. .. .. 904 5 4 Land for Settlement Account.. .. 20 0 0 Sundry debtors, for rates .. .. 31,580 6 9 Sundry debtors, for rents .. . . 7 15 4 Sundry debtors, for interest on investments .. .. .. .. 34 10 5 Sundry debtors, for miscellaneous .. 24 14 1 Cash in Public Account, 31st March, 1925 42,013 7 2 Cash in Investment Account .. .. 7,000 0 0 £537,893 1 3 £537,893 1 3 J. B. Thompson, Under-Secretary. J. H. O'Donnell, Chief Accountant.

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