B.—l [PT. IV, Sup.] .

NATIVE DEPARTMENT.—NATIVE LAND SETTLEMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1924. Receipts. Payments. Balance, Ist April, 1923 — £ s. d. £ 8. d. Payments on account of proclaimed £ s. d. £ s. d. Investment Account .. .. 20,000 0 0 lands— Cash in Public Account .. 9,720 3 1 Charges on rents receivedImprests outstanding .. 489 8 6 Refunds of rents .. .. 1,502 7 7 30,209 11 7 Loan deductions (principal Receipts by Lands Department— and interest) on account of Rents, royalties, and interest .. 57,711 6 1 roading, &c. .. .. 5,496 17 0 Sales of land .. .. 30,342 14 6 " Thirds" to local bodies .. 4,971 8 3 Survey liens .. .. 14,814 10 0 11,970 12 10 102,868 10 7 Other payments — Repayment of Advances to Maori Refund of deposits on sales .. 2,934 1 3 Land Boards — Compensation for roads taken, &c. 122 11 2 Principal .. .. .. 7,403 16 1 Cost of surveys of Urewera and Interest .. .. .. 868 6 3 j other blocks .. .. 9,113 16 5 , — 8,272 2 4 Cost of surveys secured by liens, Interest on securities held on j &c. .. .. .. 25,245 0 4 investment .. .. .. 247 8 11 Refunds of survey liens .. 6 15 5 Loans raised —- Administration expenses of above Proceeds of debentures issued 220,000 0 0 (Lands Department) .. 6,799 15 4 Proceeds of inscribed stock issued 100,144 0 2 44,221 19 11 — 320,144 0 2 Payments on account of unproelaimed land — Purchase-money .. .. 207,976 5 2 Purchase expenses .. .. 5,726 0 4 213,702 5 6 Recoupments to Consolidated Fund—■ Loans redeemed (Native Land Settlement Account) .. 21,100 0 0 Loans redeemed (Maori Land Settlement Account) .. 1,500 0 0 Charges and expenses of redemption •. .. .. 164 11 3 Management charges of stock .. 157 9 9 Stamp duty on transfers of stock 144 0 2 Interest on loans .. .. 133,640 16 8 Sinking-fund instalment .. 5,989 13 1 162,696 10 11 Balance, 31st March, 1924— Cash in Public Account .. 29,118 12 1 Imprests outstanding .. 31 12 4 — 29,150 4 5 £461,741 13 7 £461,741 13 7 Interest Account for the Year ended 31st March, 1924. Expenditure. Revenue. £ s. d. £ s. d. £ s. d. Interest on amounts held in Investment Account.. 89 12 9 Interest on loan capital .. 138,140 5 5 Interest on advances to Maori Land Boards .. 849 13 4 Less amount transferred to Interest on survey liens .. .. .. 8,331 7 6 block accounts as part of Interest on unpaid principal of land-sales .. 1,000 1 6 purchase costs .. .. 12,756 8 6 Balance carried down .. .. .. .. 115,235 8 3 125,383 16 11 Interest on balance of amount transferred from Maori Land Settlement Account, 1913-14 .. 122 6 5 £125,506 3 4 £125,506 3 4 Revenue Account for the Year ended 31st March, 1924. Expenditure. Revenue. £ a. d. £ s. d. £ s. d. Rents .. .. .. .. .. 62.918 0 2 Balance of Interest Account .. .. 115,235 8 3 Royalties .. .. .. .. .. 600 0 0 Charges on rents — Balance —excess of expenditure over income for " Thirds" to local bodies .. 4,971 8 3 year—carried to Net Revenue Account .. 83,066 6 6 Loan deductions (principal and interest) to Consolidated Fund and Lands for Settlement Account to repay cost of roading, &c. .. .. .. 5,776 17 0 Rebates of rents.. .. .. 1,795 19 6 Remission of rents .. .. 2,684 9 8 Irrecoverable rents .. .. 4,489 10 11 Reserve for irrecoverable rents .. 4,000 0 0 23,718 5 4 Administration expenses (Lands Department) .. .. .. 6,646 0 1 Miscellaneous expenses (Lands Department) .. .. .. 112 11 10 Administration and other expenses (Native Department) .. .. 407 0 0 7,165 11 11 Loan expenses — Stamp duty on transfers of stock.. 144 0 2 Management oharges of stock .. 157 9 9 Expenses of redemptions .. 163 11 3 465 1 2 £146,584 6 8 £146,584 6 8 Net Revenue Account. Expenditure. £ s. d. Revenue. £ s. dBalance at Ist April, 1923 .. .. .. 222,982 14 4 Adjustments (1923-24) on account of previous Net loss for year ended 31st March, 1924 .. 83,066 6 6 years .. .. .. .. .. 49,976 12 9 Instalment to sinking fund under Public Debt Balance at 31st March, 1924 .. .. .. 262,062 1 2 Extinction Act, 1910 .. .. .. 5,989 13 1 £312,038 13 11 £312,038 13 11

6