B.—l L?t. I].

53

PUBLIC ACCOUNTS, 1927-1928.

Year ended 31st March, 1928, compared with the Year ended 31st March, 1927 —continued.

ACCOUNT. 1926-1927. EXPENDITURE. ' '.927-1928. Gross. ! Gross. £ s. d. Land Act, 1924, Section 297 (a), and New Zealand University Amendment Act, £ s. d. £ s. d. 1914, Section 32,— 12,649 7 0 Payment to Universities of portion of National Endowment residue .. .. 12,931 4 0 Land Act, 1924, Section 297 (b), — 75,896 1 9 Transfer to Vote Education of portion of National Endowment residue .. 77,587 5 3 Land Act, 1924, Section 298, — 37,948 0 11 Portion of National Endowment residue applied for payment of Old-age Pensions 38,793 12 7 129,312 1 10 Land Act, 1924, Section 295 (2), —• 7,626 3 4 Administration Expenses.. .. .. .. .. .. .. .. 6,865 10 3 Land Act, 1924, Section 83 (3), — Value of Improvements added to Capital Value of Land .. .. .. .. 3 80 Land Act, 1924, Sections 139, 295, and 357, — 14,159 14 10 J " Halves," " Thirds," and " Fourths " paid over to Local Bodies' Deposit Accounts .. 6,659 10 10 Public Revenues Act, 1926, Section 40, — 4,000 0 0 Temporary transfers to other Accounts Balance at end of Year, — 43,212 110 | Cash in the Public Account .. .. .. .. .. .. 26,989 6 8 Investment Account — £ s. d. 86,100 0 0 | Securities held .. .. .. .. .. 98,630 0 0 Temporary transfers under Section 40, Public Revenues Act, 1926 .. .. .. .. .. .. 10,000 0 0 — 108,630 0 0 , I 135,619 6 8* 129,312 1 10 £281,591 9 8 Totals .. .. .. .. .. .. .. j £278,459 17 7 * For explanatory statement see page 73. TRUST ACCOUNT. £ s1. d. Expenditure under Section 49 (2 and 3) of the Land for Settlements Act, 1925, — £ s. d. j £ s. d. Amount transferred in respect of settlement lands converted into National En54 0 0 dowment land .. .. .. .. .. .. .. j 303 1 9 Land Act, 1924, Section 139, — 52 15 10 " Thirds " and " Fourths " paid over to Local Bodies' Deposit Accounts .. .. I 163 4 5 Balance at end of Year, — 5,448 13 8 Cash in the Public Account .. .. .. .. .. . • 944 6 10 Investment Account— 19,690 0 0 Securities held .. .. .. .. .. .. .. 32,290 0 0 j 1 33,234 6 10* 25,138 13 8 | £25,245 9 6 Totals .. .. .. .. .. .. .. | £33,700 13 0 * For explanatory statement see page 73. SETTLEMENT ACCOUNT. £ s. d. Annual Appropriation,— £ s. d. £ s. d. 3,657 9 10 i Vote —Native Land Purchase Expenses .. .. .. .. .. j .. 3,966 10 8 I Expenditure under Section 417 of the Native Land Act, 1909, — 57,708 6 3 ! Subsection (a), Acquisition of Native Lands .. .. 33,269 6 9 Lands Department .. .. .. .. • • • • • ■ 107 5 4 Native Department .. .. .. .. .. .. 15,029 18 3 ; Subsection (b), Survey of Native Lands .. .. .. .. •. j 15,743 14 9 15,549 17 10 \ Subsection (e), Roads, Bridges, and preparing Native Lands for settlement .. j 67,247 2 2 2,194 10 8 I Subsection (f), Improving, developing, and protecting Native Lands .. .. 1,430 13 0 ' — ! 117,798 2 0 90,482 13 0 Urewera Lands Act, 1921-22, Section 10, — 1,466 3 4 Interest on Debentures .. .. .. .. .. •• | •• 1,466 3 4 Land Act, 1924, Section 21, — 3,155 11 11 Expenses of administration recouped to the Consolidated Fund .. .. .. 3,094 18 2 98,761 18 1 Carried forward .. .. .. •• •• •• 126,325 14 2 Note. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924^25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.