C.-5.

4

Revenue Account for the Yeah ended 31st March, 1928.

Dr. £ s. d. To Administration expenses .. .. .. 9,569 11 1 Charges and expenses of raising loans .. 2 2 6 Depreciation plant .. .. .. 196 1 6 Insurance premiums, rates, &c. .. .. 80 11 6 Interest on loans .. .. .. 345,384 18 6 Interest on redemptions from the Consolidated Fund Ordinary Revenue Account .. 4,636 13 2 Interest under section 13, Lahd Laws Amendment Act, 1926 .. .. .. 60,804 19 0 Interest under section 208, Land Act, 1924.. 247 1 5 Irrecoverable rents, &c\, transferred to Suspense Account .. .. .. 16,750 11 8 Management charges on bonds and consolidated stock .. .. .. 1,297 15 9 Rebates, rents and interest .. .. 33,317 1 0 Remissions of rent, &c. .. .. .. 4,741 5 6 Remissions of rent and rents written off under Deteriorated Lands Act, 1925 .. 4,772 8 1 .Stamp duty on transfers of consolidated stock ' .. .. . . 6 3 8 Land-for-settlements vote expenses —£ s. d. Audit fees .. .. 35 0 0 Access and improvements to settlements .. 702 15 8 Maintenance office equipment .. 9 1110 Miscellaneous .. . . 12 9 Preliminary expenses .. 1 12 0 Printing .. .. 3 19 6 Salaries .. .. 1,819 5 0 Telephone services .. 13 8 11 Travelling-expenses .. 166 0 11 2,752 16 7 Balance brought down .. .. .. 51,810 9 0 £536,410 9 11 To Interest under section 13, Land Laws Amend- £ s. d. ment Act, 1926, previous years .. .. 23,803 19 4 Balance to Reserve Account .. .. 334,705 6 3 £358,509 5 7

Or. £ s. d. By Rents, &c. .. .. .. 411,517 4 3 Interest on. sales of settlement land . . 23,945 14 11 Interest on amounts set aside under section 47, Land for Settlement Act, 1925 .. 28,296 16 8 Interest on capital expenditure— £ s. (1. Hutt Valley .. .. 12,685 16 3 Te Wera .. .. 3,981 3 2 _ 16,666 19 5 Interest on investments .. . . . . 8,309 7 5 Interest on investments in Public Debt Repayment Account .. .. .. 47,646 15 9 Miscellaneous .. .. .. .. 27 11 6 £536,410 9 11 — - £ s. d. ;By Balance carried down .. .. .. 51,810 9 0 Balance forward from Ist April, 1927 .. 132,791 19 10 Interest on sinking funds, previous years .. 171,930 4 5 Adjustment on account previous years' remissions by Revaluation Board charged in error .. .. .. .. 1,976 12 4 £358,509 5 7