B.—l [Pt. IY].

LAND FOR SETTLEMENTS ACCOUNT. Revenue Account fob the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d' To Interest on loans .. .. .. 364,460 12 10 By Accrued rents, &c. .. .. .. 442,783 211 Rebates of rent .. .. .. .. 29,750 11 2 Accrued royalties .. .. .. 172 14 0 Remissions of rent .. .. .. 4,121 14 5 Accrued coal rents and royalties .. .. 25 18 1 Irrecoverable rents, &c. .. .. .. 3,742 16 9 Accrued interest on sales of Crown land .. 12,012 8 11 Reserve for irrecoverable rents .. .. 5,000 0 0 Accrued interest on sales of settlement land.. 32,360 13 7 Refunds of revenue .. .. .. 64 17 9 Interest on investments .. .. .. 3,316 15 11 Insurance premiums .. . . .. 8 0 6 Miscellaneous .. .. .. .. 260 10 8 Miscellaneous expenses .. .. .. 1115 9 Interest on amount set aside under section 63, Interest under section 191, Land Act, 1908, Land Laws Amendment Act, 1913 .. 22,256 0 5 on deposits from lessees .. .. 150 11 5 Profit on working of estates .. .. 3,528 2 9 Inquiry Board expenses .. .. .. 238 16 2 Interest on advances for workers' dwellings 428 12 0 Administration expenses .. .. .. 9,178 17 7 Expenses of redemption of loans .. .. 19 12 6 Management charges of bonds and. consolidated stock .. .. .. .. 629 14 3 j Charges and expenses of raising loans .. 21,571 910 : Interest written off under section 8, Land Laws Amendment Act, 1922 (reconversions from purchase to lease) .. .. .. 4,542 14 3 Reserve for depreciation .. .. .. 179 16 6 Maintenance, &c., Makareao Railway . . 95 15 2 Sinking fund reserve .. .. .. 30,722 5 3 Land Purchase Controller: Expenses of Board, &c.— Salaries .. .. •. .. 544 17 0 Travelling-expenses . . .. .. 119 19 Advertising .. .. . . .. 6 2 6 Maintenance, office fitting, &c. .. .. 26 8 8 Telephone services . . . . . . 8 12 6 Postages . . .. .. .. 22 0 0 Audit of accounts . . . . .. 15 0 0 Land for settlements expenses —Vote .. 2,009 18 3 Balance carried down .. .. .. 39,902 16 6 £517,144 19 3 £517,144 19 3 £ s. d. £ s. d. To Balance, being net profits from Ist April, 1921 130,407 11 8 To Balance brought down .. .. ... 39,902 16 6 Balance from previous year .. .. 89,745 19 11 Adjustment on account of previous years . . 758 15 3 £130,407 11 8 £130,407 11 8 Receipts and Payments Account for the Year ended 31st March, 1924. Receipts. Payments. • £ s. d. £ s. d. By Recoupments to ConsoliTo Cash in Public Account, Ist dated Fund under seeApril, 1923 .. .. 91,172 19 1 tion 4, Finance Act, 1919 — £ s. d. £ s. d. Imprests outstanding, Ist Interest .. .. 367,876 6 6 April, 1923 .. .. 74 1 6 Sinking fund . .. 11,715 5 3 Investment Account, Ist 379,591 11 9 April, 1923 .. .. 29,350 0 0 Sinking fund under section 26, State Advances 120,597 0 7 Act, 1913 .. .. .. .. 19,007 0 0 Receipts under section 191, Land Act, 1908 Amount set aside under section 63. Land Laws (deposits from lessees) .. .. . . 325 3 4 Amendment Act, 1913 —Transfer to Land Receipts under section 5, Land Laws Amend- for Settlements (opening up Crown Land for ment Act, 1912 (sale of Cronn lands) .. 87,987 17 4 Settlement) Account .. .. .. 40,000 0 0 Receipts from rents .. .. .. 362,045 2 6 Transfer to Loans Redemption Account for reReceipts from sales .. .. .. 90,137 611 demption of debentures under Land for Teviot Estate .. .. .. .. 21,159 0 6 Settlements Act, 1908, &e. .. .. 37,250 0 0 Clifton Estate .. ..' .. .. 4,756 10 6 Transfer to Loans Redemption Account for re - Recoveries on account of estates .. . . 194 1 4 demption and cancellation of loans under Miscellaneous .. .. .. .. 1,845 4 3 section 24, Finance Act, 1921-22 .. 10,300 0 0 Interest on securities held by Investment Ac- Recoupment to Ordinary Revenue Account of count .. .. .. 1,901 10 10 amount charged thereto for reduction of funded debt under sections 42 (b) and 82, Land for Settlements Act, 1908 .. . . 392 4 7 Expenses of redemption of loans .. .. 19 12 6 Management charges of bonds and consolidated stock .. .. .. .. 629 14 3 Interest under subsection (8) of section 191, land Act, 1908 (deposits from lessees) . . 156 310 Refunds of deposits under section 191, Land Act, 1908 .. .. .. 1,230 17 7 Refunds of revenue— £ s. d. Rents .. .. .. 1,386 15 9 Sales of settlement land .. 1,501 7 7 Sales of Crown land .. 7,617 19 2 10„506 2 6 Land for Settlements—Vote, Expenses .. 3,963 5 9 Acquirement of estates .. .. .. 399 0 6 Administration expenses, &c. .. .. 9,356 11 5 Teviot Estate .. .. .. .. 5,161 2 10 Clifton Estate .. .. .. • • 9,736 0 4 Road access, &c., to settlements .. .. 16,450 6 2 Cash in Public Account, 31st £ s. d. March, 1924 .. .. 42,508 8 8 Imprests outstanding, 31st March, 1924 .. .. 4,290 15 5 Investment Account .. 100,000 0 0 146,799 4 1 £690,948 18 1 £690,948 18 1

6 —B 1 [PT. IY].

41