C.—9
8
Adjustments by Dominion Revaluation Board in Terms of the Discharged Soldiers Settlement Amendment Act, 1924, as at 31st March, 1926.
FINANCIAL REVIEW. The two principal accounts controlled by the Lands Department for the repatriation of returned soldiers are the Discharged Soldiers Settlement Account, from which advances for various purposes secured by mortgages have been made, and the Lands for Settlement Account (Discharged Soldiers Settlement Account), through which the purchase of private properties for subdivision and settlement has been made. The total capital now standing as a liability on these two accounts is as follows : — Discharged Soldiers Settlement Account — £ £ Loans raised by the issue of debentures and other securities .. 6,535,886 Redemptions of loans by Consolidated Fund . . . . 2,500 Redemptions of loans by Discharged Soldiers Settlement Depreciation Trust Account .. .. .. .. .. 38,700 Transfer from Consolidated Fund surpluses .. .. .. 13,500,000 Interest unpaid to Consolidated Fund .. .. .. 540,000 20,617,086 Land for Settlements Account (Discharged Soldiers Settlement Account) .. 3,222,050 £23,839,136 In addition to the above, certain other accounts contributed indirectly to the settlement of discharged soldiers, in that land which had been purchased out of these accounts was settled by returned soldiers. These are — J £ Land for Settlements Account .. .. .. .. 2,514,000 Native Land Settlement Account .. .. .. .. 750,000 3,264,000 Total capital .. .. .. .. .. .. £27,103,136 * Discharged Soldiers Settlement Account. Advances authorized. —The total loans authorized since the inception of the Act amount to £22,490,303, and of this amount £282,011 was authorized during the year under review. The
i.-n i i , Adjustments in Buildings under Adjustments m Current Account. J Land for Settlement Act. Districts. : T t3" | Original Value. by £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. North Auckland .. 500,072 0 0 15,295 4 5 1,491 9 7 14,210 0 0 1,975 0 0 Auckland .. 802,751 6 1 12,035 0 0 700 0 0 16,959 0 0 816 0 0 Gisborne .. 115,510 0 0 250 0 0 .. 7,114 0 0 114 0 9 Hawke's Bay .. 226,386 8 5 608 9 0 .. 3,955 0 0 1,590 0 0 Taranaki .. 297,530 12 9 9,241 13 4 .. 5,030 0 0 1,795 0 0 Wellington .. 633,405 0 0 4,133 0 0 250 0 0 17,375 0 0 6,774 0 0 Marlborough .. 58,280 9 6 630 0 0 200 0 0 200 0 0 56 10 7 Nelson .. .. 106,661 12 1 J ,546 0 0 512 0 0 4,610 0 0 Westland .. 34,176 9 8 500 0 0 300 0 0 Canterbury .. 250,967 8 6 1,600 0 0 1,100 0 0 38,732 8 10 805 14 9 Otago .. .. 127,808 8 2 1,656 1 0 .. 11,080 2 1 572 13 11 Southland . .. 111,080 8 10 1,746 2 5 850 0 0 6,080 0 0 689 0 7 Totals .. 3,264,630 4 0 49,24110 2 5,403 9 7 125,345 10 11 15,188 0 7