B—l [PT. IY, Sup.] .

15

LAND FOR SETTLEMENTS ACCOUNT—continued.

Balance-sheet as at 31st March, 1925. Liabilities. Assets. £ s. d. Capital— £ a. d. £ s. d. Land .. .. .. .. .. 9,146, 459 910 Loan Account .. .. 8,539,11915 6 Advances .. .. .. • • 142 9 1 Loans redeemed from Con- Unpaid purchase price (not yet payable) of solidated Fund .. 92,013 9 7 buildings .. .. .. .. 92,039 4 3 Crown lands included in Plant and machinery .. .. .. 3,515 0 0 estates .. .. 205,203 10 0 Furniture and fittings—Land Purchase Board 27 0 0 Sales of Crown land .. 1,655,323 9 2 Mechanical office appliances —Land Purchase 10,491,660 4 3 Board .. .. .. .. 23 0 0 Interest accrued on loans .. .. 103,082 0 11 Teviot Estate — Deposits from lessees of Crown land under Stock and implements .. ■ ■ . • 12, 584 3 10 section 191, Land Act, 1908, and under Improvements .. .. •• 53 3 3 section 208, Land Act, 1924 .. .. 5,840 12 1 Clifton Estate — Unpaid miscellaneous services— Stock and implements .. .. ■. 10,413 19 6 Teviot .. .. .. .. 216 15 8 Improvements .. .. .. .. 2,799 7 8 Clifton .. .. .. .. 1,454 8 3 Workings Suspense .. .. .. 8,445 13 11 Payments in advance— Opening up Crown land for settlement—Amount Rents .. .. .. .. 14,578 16 3 set aside (including interest) under section Interest on sales of settlement land .. 12 13 10 63, Land Laws Amendment Act, 1913 .. 565,935 11 3 Principal instalments on sales of settlement Sundry debtors for— £ s. d. land .. .. .. .. 5,042 19 4 Rents, &c. . .. 153,778 12 3 Interest on sales of Crown land .. .. 18 4 8 Less reserve for irrecoverable Principal instalments on sales of Crown lands 3,185 14 2 rents .. .. 2,500 0 0 Principal instalments on buildings .. 187 9 4 — — 151,278 12 3 Royalties .. .. .. .. 0 0 3 Principal instalments on buildings .. 10,472 15 9 Sundry creditors— £ s. d. Insurance premiums .. .. .. 17 1 2 Public Works Fund .. 40 0 0 Rates .. . • • ■ • • 60 3 8 Consolidated Fund .. 760 0 0 Makareao lime-works . . .. • . 415 8 Miscellaneous .. .. 4,116 9 1 Sales of Crown land— Miscellaneous —Clifton .. 122 14 5 Not yet payable .. .. .. 263,329 17 2 5,039 3 6 Principal instalments .. .. .. 13,721 3 0 Public Works Department—Rent .. .. 43 0 0 Interest on sales .. .. •• 5,942 6 5 Fire Loss Suspense Account .. .. 390 7 10 Sales of settlement land — Suspense Account —Teviot Estate .. .. 775 0 0 Not yet payable .. .. •• 477,057 10 2 Rents written off Suspense Account.. .. 11,266 8 10 Principal instalments .. .. •• 16,747 16 7 Rents charged in advance .. .. .. 109,068 11 2 Interest on sales .. .. ■■ 4,819 5 0 Depreciation Reserve .. .. .. 539 9 6 Coal rents and royalties .. •. •. 9 19 11 Sinking Fund Reserve .. .. .. 1,190,123 1 4 Interest on investments . . .. .. 1,459 4 2 Reserve Account, including unexpended load- Miscellaneous .. .. .. .. 5,051 0 1 ing for roads .. .. .. .. 677,984 10 5 Postponed rent .. .. .. 104,996 1 3 Balance of Revenue Account .. .. 77,759 10 11 Interest accrued but not due .. .. 7,302 3 3 Rents, &c., written off Suspense .. •• 11,266 810 Reduction in capital value of £ s. d. land by Revaluation Board 436,269 14 0 Rents written off by Revaluation Board .. .. 73,117 8 9 Remissions of rent, &e., by Revaluation Board .. 15,187 0 1 Revaluation Committee expenses .. . . 6,694 16 6 531,268 19 4 Sinking Fund—Section 4, Finance Act, 1919 56,557 14 5 Section 26, State Advances Act, 1913 .. .. 1,133,565 6 11 1,190,123 1 4 Cash in Public Account .. 1,731 13 0 Imprests outstanding . . 1,671 111 Investment Account .. 57,500 0 0 60,902 14 11 £12,698,269 2 6 £12,698,269 2 6 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. Bth April, 1926. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except — (1.) The accounts have been compiled from unaudited copies of journal entries of the District Land Boards of North Auckland, Auckland, Poverty Bay, Taranaki, Canterbury, Southland, and Wellington, and audited copies of the District Land Boards of Marlborough, Nelson, Westland, Otago, and Hawke's Bay. (2.) The accounts do not include any charge for interest on capital represented by the items £1,655,323 9s. 2d. and £205,203 10s. (3.) No charge for interest and depreciation of buildings has been made against the Clifton Estate. (4.) The Reserve Account (£677,984) should be dissected to show its composition.' 6. F. C. Campbell, Controller and Auditor-General.