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LAND FOB, SETTLEMENTS—DISCHATGED SOLDIERS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1929. Liabilities. A sscls. Capital Account — £ s. d. £ s. d. Land— £ s. d. £ s. d. Debenture Account .. 3,077,050 0 0 Leased .. .. 1,693,430 0 10 Crown lands in estates .. 1,712 0 0 Unleased .. .. 31,377 2 3 ■ — 1,724,813 3 1 3,078,762 0 0 Unpaid purchase price (not Less capital reductions yet payable)— under section 22, Fi- Land .. .. 18,615 16 0 nanee Act, 1927 (No. 2) 1,138,600 0 0 Buildings .. .. 66,593 13 0 1,940,162 0 0 85,209 9 0 Sundry creditors — Sundry debtors — Interest accrued but not Rents .. .. 24,009 2 2 due on loans .. 10,641 2 7 Less reserve for irrecoverMiscellaneous .. .. 515 6 4 able rents .. .. 1,500 0 0 11,156 8 11 Payments in advance — 22,509 2 2 Rents .. .. 1,373 12 1 Principal instalments on Principal instalments on buildings .. .. 919 0 11 buildings .. .. 48 14 5 Principal instalments on Principal instalments on sales of land . . .. 329 3 8 sales of land .. . . 306 15 4 Interest on sales of land 298 19 2 1,729 1 10 Interest on purchase price, Rents charged in advance .. .. .. 19,583 12 4 Mataikona Estate .. 22,787 8 8 Writings-off in Suspense .. .. .. 5,156 18 0 Consolidated Fund for overReserve .. .. .. .. .. 81,615 19 9 paid interest .. 129 8 6 Accumulated losses written off under section 22, Miscellaneous .. .. 22 15 6 Finance Act, 1927 (No. 2)— 46,995 18 7 Remissions of interest due £ s. d. Postponements outstanding— to Consolidated Fund .. 547,857 7 10 Rent .. .. .. 37,130 17 5 Reduction of Capital Ac- Principal instalments on count .. .. 1,138,600 0 0 buildings .. .. 713 17 7 Reserve Account (as per Interest on sales .. 64 11 5 contra) .. .. 117,891 8 1 37,909 6 5 1,804,348 15 11 Interest accrued but not due on sales of land.. 272 15 4 Losses in Suspense .. .. .. 5,156 18 0 Depreciation in land-values, &c. .. .. 125,208 14 8 Accumulated losses written off under section 22, Finance Act, 1927 (No. 2) — Revenue Account—Loss to £ s. d. ' 31st March, 1928 .. 513,149 3 9 Depreciation in land-values 175,906 8 5 Revaluation Board reductions (as per contra) .. 1,115,293 3 9 1,804,348 15 11 Investment in Public Debt Redemption Fund 33,833 19 0 Cash in Public Account .. .. .. 3 16 9 £3,863,752 16 9 £3,863,752 16 9 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts.

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