B.—l [PT. IV

10

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1925. Liabilities. 4 ssets. Capital Account— £s.d.£ s. d. Advances on mortgage — £s.d.£ a. d. Securities issued 6,587,835 16 8 Current Account 3,128,911 4 7 Redeemed from Con- Section 2—Farms, &c. 6,971,773 15 9 solidated Fund .. 2,500 0 0 Section 2—Dwellings, &c. 6,867,472 6 8 Transferred from Con- 16,968,157 7 0 solidated Fund .. 13,500,000 0 0 Instalments of principal -—-—■ 20,090,335 16 8 outstanding— Interest on loans accrued to 31st March, 1925, Section 2—Farms, &c. .. 79,041 5 2 but not payable on that date .. .. 101,838 4 8 Section 2 —Dwellings .. 21,714 19 7 Sundry creditors—lnterest unpaid on de- 100,756 4 9 bentures .. .. .. .. 2,316 10 6 Unpaid purchase price (not yet payable) of Consolidated Fund —For interest unpaid, buildings on Crown properties being paid off 1923-24 .. .. .. .. 540,000 0 0 by instalments .. .. .. 6,547 2 5 Sundry creditors —Payments in advance .. 16,357 16 6 Sundry debtors for instalments of principal on Land for Settlements Account (D.S.S.) — buildings .. .. .. .. 92 1 7 Accrued interest on purchase-money, Matai- Postponed instalments of principal .. .. 41,059 12 5 kona Settlement .. .. .. 16,538 5 0 Interest outstanding— £s. d. Sundry creditors for— £s. d. Current Account .. 150,335 15 8 Miscellaneous services .. 12,903 18 7 . Section 2—Farms, &c. .. 255,059 1 2 Advances from State Ad- Section 2—Dwellings, &c. 24,604 6 5 vances Office on pro- 429,999 3 3 perties acquired by Sundry debtors for interest on buildings on Crown ... .. 8,767 17 4 Crown properties .. .. .. 123 18 4 Private mortgages .. 800 0 0 Interest on advances accrued but not due .. 134,698 16 6 • 22,471 15 11 Postponed interest on advances .. .. 183,135 1 8 Suspense Account .. .. .. 319 18 5 Interest accrued and unpaid on surplus funds Realization Suspense .. .. .. 2,636 0 9 temporarily invested .. .. .. 6,702 11 0 Writings off in Suspense .. .. .. 93,342 4 8 Sundry debtors— Property Account —Deposits on sales un- For sale of stock .. .. .. 847 16 7 completed .. .. .. .. 56 3 10 For rent of properties .. .. .. 4,888 9 2 Fire Loss Suspense .. .. .. 6,640 19 11 For working-expenses of tractor .. -.. 213 19 9 Rents charged in advance .. .. .. 453 12 7 Miscellaneous advances (rates, insurances, &e.) 1,178 12 2 Depreciation Reserve .. .. .. 1,632 6 3 Interest on miscellaneous advances .. 5 117 Sinking Fund Reserve .. .. .. 56,101 17 1 Miscellaneous —Expenses recoverable from other Departments, &c. .. .. 5,025 5 4 Bills receivable .. .. .. .. 686 5 4 Machinery and plant .. .. .. 5,119 18 8 Property Account-r-Properties acquired by Crown — £ s. d. Freehold .. .. 666,747 12 7 Leasehold .. .. 282,766 16 3 949,514 8 10 Sundry advances merged with value of Crown lands (see- „ tion 20, Discharged Soldiers Settlement Amendment Act, 1923) —- Land .. .. .. 14,093 6 4 Principal instalment due .. 152 10 3 Interest due .. .. 824 10 7 15,070 7 2 Realization Account — Properties in course of realization .. 412,962 13 4 Live stock on hand .. .. .. 36,651 9 9 Dead stock on hand .. .. .. 4,645 5 11 Losses in Suspense . . .. .. 93,342 4 8 Sundry Estates Account —Live and dead stock 20,031 7 9 Office requisites .. .. .. .. 20 7 1 Loan interest paid in advance .. .. 11,258 2 8 Sinking Fund .. .. .. .. 56,101 17 1 Charges and expenses of raising loans .. 165,000 0 0 Revaluation Board determinations, &c. — Reductions in mortgage £ s. d. values .. .. 508,379 11 5 Interest written off .. 149,350 10 1 Remissions of interest .. 16,185 17 1 Rent written off, &c. .. 89 3 4 Revaluation Committee Expenses .. .. 27,095 13 9 Revaluation Board expenses 7,859 14 10 708,960 10 6 Revenue Account—Net loss .. .. 410,231 5 0 Cash in Suspense Account .. .. 3 0 0 Balance— Cash in Public Account, £ s. d. 31st March, 1925 .. 6,388 16 9 Imprests outstanding .. 12,361 18 9 Investment Account .. 159,260 0 0 178,010 15 6 £20,951,041 12 9 £20,951,041 12 9 J. B. Thompson, Under-Secretary for Lands. 4th August, 1925. J. 11. O'Donnell, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except —(1) The accounts have been compiled from copies of journal entries of the District Land Offices and audited statements from Poverty Bay, JJawke's Bay, Nelson, Marlborough, Westland, and Otago ; (2) the only assets verified are cash in Public Account, imprests outstanding, and liabilities for loans, accrued interest thereon, Sinking Fund Reserve, except in the districts mentioned in exception No. 1 ; (3) part of interest on capital and Sinking Fund instalments have been paid out of loan-moneys. —G. F. C. Campbell, Controller and AuditorGeneral.