B.—l [PT. IVI.-

LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1924. Liabilities. Assets. £ s. cL Capital— £ s. d. £ s. d. Land .. .. .. .. .. 9,328,115 2 2 Loan Account .. .. 8,089,173 14 9 Advances .. .. .. .. 149 2 7 Loans redeemed from Con- Unpaid purchase price (not yet payable) of solidated Fund .. 92,003 9 3 buildings .. .. .. .. 97,460 5 3 Crown land included in Plant and machinery .. .. .. 3,640 8 6 estates .. .. 205,132 0 0 Furniture and fittings —Land Purchase Board 27 0 0 Sales of Crown land .. 1,552,100 15 8 Mechanical office appliances—Land Purchase 10,538,409 19 8 Board .. .. .. .. 23 0 0 Interest on loans .. .. .. .. 105,572 14 5 Teviot Estate —Stock and implements, &c. .. 34,608 9 7 Deposits from lessees of Crown lands under Clifton Estate— section 191, Land Act, 1908 .. .. 4,797 16 3 Stock and implements, &c. .. .. 9,167 14 2 Railway maintenance —Makareao lime-works 70 17 10 Improvements .. .. .. .. 2,389 9 3 Unpaid miscellaneous services— Workings, suspense .. .. .. 7,338 1 3 Teviot Estate .. .. .. .. 2,495 6 5 Opening up Crown land for settlement —amount Clifton Estate .. .. .. .. 1,795 9 0 set aside (including interest) under section 63, Payments in advance — Land Laws Amendment Act, 1913 .. 526,834 5 5 Rents .. .. .. .. 2,434 9 7 Sundry debtors for — £ s. d. Interest on sales of settlement land .. 12 18 8 | Rents, &c. .. .. 268,278 19 0 Principal instalments on sales of settlement \ Less reserve for irrecoverland .. .. .. .. 6,877 810 i able rents .. .. 5,000 0 0 Interest on sales of Crown land .. .. 12 12 6 ! 263,278 19 0 Principal instalments on sales of Crown land 2,297 3 11 Principal instalments on buildings .. 10,398 15 3 Principal instalments on buildings .. 36 16 3 Insurance premiums .. .. 19 11 4 Sundry creditors — Sales of Crown land — Public Works Fund .. .. .. 475 0 0 Not yet payable .. .. 231,552 2 4 Miscellaneous .. .. .. .. 16,958 3 3 Principal instalments . .. 11,775 2 1 Miscellaneous —Teviot Estate .. .. 560 0 0 Interest on sales .. .. .. 6,547 4 3 Miscellaneous —Clifton Estate .. .. 178 16 10 Sales of settlement land Fire loss suspense .. .. .. 390 7 10 | Not yet payable . . . . . . 614,438 4 7 Rents, &c., written off suspense .. .. 12,243 5 10 Principal instalments . . .. 20,919 5 3 Depreciation reserve .. .. .. 359 13 0 Interest on sales . .. 11,554 19 3 Sinking fund reserve .. .. .. 1,162,123 11 10 Miscellaneous .. . 42,591 3 9 Reserve Account, including unexpended load- Interest on investments 1,630 8 1 ing for roads, &c. .. .. 578,555 6 6 | Coal rents and royalties .. .. .. 816 1 Balance of Revenue Account, being net profits j Postponed rent .. . . . . . . 19,230 12 11 from Ist April, 1921 .. .. .. 130,407 11 8 I Rents, &c., written off suspense .. 12,243 510 ; Reductions in capital value of land by Revaluation £ s. d. Board ' .. .. 1,195 0 0 Rents written off by Revalua- • tion Board .. . . 170 5 0 Revaluation Committee expenses . . .. 836 1 0 2,201 6 0 Sinking funds — Public Debt Extinction Act, 1910 .. 44,795 4 11 State-guaranteed Advances Act, 1909 .. .. 1,117,328 6 11 1,162,123 11 10 Cash in Public Account .. 42,508 8 8 I Imprests outstanding . . 4,290 15 5 Investment Account . . 100,000 0 0 146,799 4 1 £12,567,065 10 I £12,567,065 10 1 J. B. Thompson, Under-Secretary for Lands. 2nd February, 1925. J. H. O'Donnell Chief Accountant. I hereby ccrtify that the Statement of Receipts and Payments, Revenue Account, and balance-sheet have been examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that—(l) The Revenue Account includes rents due to 30th June, 1924 ; (2) the accounts have been compiled from unaudited copies of journal entries of the District Land Offices sent to Head Office and accepted by Audit ; (3) separate Revenue Account for the Clifton Estate should be included ; (4) the accounts do not include any charge for interest on capital represented by the item " £1,552,100 15s. Bd.< 5 value of Crown lands sold."—Gr. F. C. Campbell, Controller and Auditor-General.

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