37

C—l

HUTT VALLEY LANDS SETTLEMENT ACCOUNT. Trading Account for Year ended 31st March, 1930. £ s. d. £ s. d. Land on hand, Ist April, 1929 .. .. 100,000 0 0 Sales of land ... .. .. .. 125,343 6 0 Cost of subdivision, street-formation, and expenses Land on hand, 31st March, 1930 .. .. 66,562 0 0 in preparing land for sale .. .. .. 31,842 10 0 Incidental expenses.. .. .. .. 1,414 17 2 Balance—Transferred to Profit and Loss Account 58,647 18 10 £191,905 6 0 £191,905 6 0 Profit and Loss Account for Year ended 31st March, 1930. £ s. d. £ s. d. Administration expenses .. .. .. 3,416 16 6 Balance —Transferred from Trading Account .. 58,647 18 10 Interest on capital provided out of the Land for Accrued rent .. .. .. .. 184 11 5 Settlements Account .. .. .. 6,811 19 11 Accrued interest .. .. .. .. 10,816 14 1 Losses written off .. .. .. .. 102 16 10 Interest on investments .. .. .. 231 1 3 Preliminary expenses —Cost of obtaining options, Excess amounts in respect of land sold paid under &c. .. .. .. .. .. 500 0 0 section 5 (4) (a) of the Hutt Valley Lands Balance—Profit for year carried down .. 59,080 9 4 Settlement Amendment Act, 1927 .. .. 31 17 0 £69,912 2 7 £69,912 2 7 £ s. d. £ s. d. Balance—Net profit to 31st March, 1930 .. 148,795 10 10 Balance brought forward .. .. .. 89,715 1 6 Balance —Profit for year brought down .. 59,080 9 4 £148,795 10 10 £148,795 10 10 Balance-sheet as at 31st March, 1930. Liabilities. Assets. Land for Settlements Account: £ s. d. Monoys provided for — £ s. d. £ s. d. Land on hand .. .. .. ..- 66,562 0 0 Purchase of land .. .. 162,812 17 1 Railway Improvement Authorization Act 19.14 Street-formation .. .. 199,061 16 1 Account—Balance unpaid on area taken for Incidental expenses.. .. 10,623 1 3 workshops .. .. .. .. 26,389 8 0 - 372,497 14 5 Sundry debtors for— £ s. d. Railways Improvement Authorization Act 1914 • Sales of land (not yet payable) 232,009 11 9 Account —Purchase of land .. .. 11,660 0 0 Land taken for school-sites , (Education Department) .. 3,500 0 0 384,157 14 5 Land taken for railway purLess Repayments under section poses .. .. .. 3,364 19 0 11 (2)" of the Hutt Valley Rents .. .. .. 27 11 0 Lands Settlement Act, 1925— £ s. d. Principal instalments .. 569 0 4 Land for Settlements Account 247,776 11 5 Interest on sales .. .. 2,053 17 4 Railway Improvement Authori- . Miscellaneous .. .. 1 10 0 zation Act 1914 Account .. 11,660 0 0 241,526 9 5 259,436 11 5 Interest accrued but not due .. .. 1,759 14 7 Losses in suspense .. .. .. .. 141 0 11 Capital .. .. -.. .. .. 124,721 3 0 Cash in Public Account .. .. .. 61 5 2 Land for Settlements Account —Interest on capital provided for purchases of land, &o. .. 43,038 7 4 Railway Improvement Authorization Act 1914 Account—lnterest on cost of land .. .. 1,014 14 1 Consolidated Fund—Administration expenses .. 11,530 18 9 Sundry creditors — Education Department for amount wrongly credited to Hutt Valley Lands Settle- £ s. d. ment Account .. .. 7,130 0 0 Miscellaneous .. .. 1 10 0 7,131 10 0 Payments in advance — Rents .. .. .. 4 0 0 Interest, on sales .. .. 53 4 11 Principal instalments .. 6 12 4 63 17 3 Rents due but not accrued .. .. .. 2 15 11 Writings-off in suspense .. .. .. 141 0 11 Profit and Loss Account — Balance at 31st March, 1929 . . 89,715 1 6 Profit for year .. .. 59,080 9 4 148,795 10 10 £336,439 18 1 £336,439 18 1 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Trading Account, Profit and Loss 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. Signed J. H. Fowler, Deputy Controller and Auditor General.