LAND FOR SETTLEMENTS ACCOUNT. Revenue Account for Year ended 31st March, 1931.

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Dr. General. Cheviot Estate. Total. Cr. General. Cheviot Estate. Total. To Interest on— £ s. d. £ s. d. £ s. d. £ s. d. ' £ s. d. £ s. d. Loans .. .. .. .. 425,733 15 5 5,638 2 6 431,37117 11 ByRents, &c. .. .. .. .. 506,588 11 8 19,185 14 2 525,774 5 10 Capital from proceeds of sale of Crown 72,532 Oil .. 72,532 Oil Interest on sales, &c. .. .. .. 29,769 6 10 336 12 6j 30,105 19 4 lands Interest on capital expenditure — Value of Crown lands in estates 8,405 12 0 .. 8,405 12 0 £ s. d. National Endowment Trust Funds .. 776 14 8 .. 776 14 8 Te Wera Estate .. 4,81115 0 Cheviot Estate accumulated funds trans- 18,512 19 3 .. 18,512 19 3 Hutt Valley Settlement .. 6,439 110 f erred Brinklands Estate .. 202 18 9 Deposits by lessees under section 208, 270 4 10 .. 270 4 10 Land-development .. 42 14 3 Land Act, 1924 11,496 9 10 .. 11,496 9 10 Administration expenses .. .. 9,467 15 10 836 4 0 10,303 19 10 Interest on investments .. .. 23,842 9 9 9,354 15 7 33,197 5 4 Administration expenses, Land Laws 6,625 14 7 .. 6,625 14 7 ;j Interest on investments in Public Debt 46,823 4 10 115 14 0 46,938 18 10 Amendment Act, 1929 Redemption Fund Rebates —Rent and interest .. .. 33,378 16 6 1,719 2 4 35,097 18 10 Valuation fees, sections 7 and 14, Land 379 19 6 .. 379 19 6 Remissions of rents, &c. .. .. 15,406 16 3 156 10 7 15,563 6 10 ' Laws Amendment Act, 1929 Remissions and rents written off D.R.B. .. 3,104 2 1 .. 3,104 2 1 Miscellaneous .. .. .. 452 3 10 .. 452 3 10 £ s. d. Reductions by Revaluation 24,956 15 4 Board Less written off to Reserve 24,956 15 4 ! Irrecoverable rents, &c, transferred to 6,974 12 .. 6,974 1 2 Suspense Account Charges and expenses of raising loans .. 1,81717 .. 1,81717 Charges and expenses of redemptions .. 23 15 4 .. 23 15 4 Management charges of New Zealand con- 672 3 4 23 13 6 695 16 10 solidated stock Exchange on London remittances .. 578 14 3 .. 578 14 3 Stamp duty on transfer of stock .. Ill .. 717 Land for settlements —Vote Expenses — £ s. d. Audit fees .... 250 0 0 Salaries .. .. 1,000 0 0 Compensation for injuries 208 7 7 Preliminary expenses .. 4,710 13 10 Travelling-expenses .. 115 3 2 Miscellaneous .. .. 2,978 9 10 — 9,262 14 5 .. 9,262 14 5 Depreciation of plant .. .. .. 196 1 6 .. 196 1 6 Miscellaneous expenses incidental to estates 309 18 0 .. 309 18 0 Balance carried down .. .. .. 5,296 2 9 20,619 3 4 25,915 6 1 £619,352 6 3 £28,992 16 3 £648,345 2 6 , : £619,352 6 3 ' £28,992 16 3 £648,345 2 6 £ s. d. £ s. d. £ s. d. ! ! To Balance previous year .. .. .. 460 8 6 .. 460 8 6 £ s. d. ! £ s. d. £ s. d. Reserve .. .. .. .. 4,835 14 3 20,619 3 4 25,454 17 7 To Balance brought down .. .. 5,296 2 9| 20,619 3 4 25,915 6 1 £5,296 2 9 £20,619 3 4 £25,915 6 1 I £5,296 2 9 £20,619 3 4 £25,915 6 1 Note. —Owing to the loss of all records for the Hawke's Bay Land District as a result of the earthquake and fire of the 3rd February last, accruing charges for the year relating to that district have been estimated pending the re-establishment of records.