C.—B

Receipts and Payments Account for the Year ended 31st March, 1931. Receipts. £ s. d. Payments. £ s. d. To Balance, Ist April, 1930 .. .. .. 24,252 9 2 By Drainage-works, stop-banks, clearing channels, Bates, .. .. .. .. .. 3,822 12 I and other expenditure incidental to conInscribed stock issued —Hauraki Plains Act, ducting drainage operations (including 1926 .. .. .. .. .. 24,000 0 0 metalling and formation of roads), material Temporary advances from other accounts .. 7,500 0 0 supplied, &c. .. .. .. 19,195 7 5 Sales of land .. .. .. .. 563 610 Machinery and. plant .. .. .. 1,520 14 9 Rents .. .. .. .. .. 8,369 10 5 Material and stores .. .. .. 10,707 810 Interest on sales of land .. .. .. 308 0 9 Fuel .. .. .. .. S, 178 7 7 Artesian-well boring— £ s. d. Maintenance, completed works .. .. 2,506 16 7 Bepayment of advances .. 88 510 Management and engineering expenses .. 3,313 18 1 Interest on advances .. .. 58 511 Accident compensation .. .. .. 467 14 4 146 11 9 Befund of rates .. .. .. .. 55 19 11 Tram freights and ferry fares .. .. 538 17 3 Discharged Soldiers Settlement Account— Interest on investments .. .. .. 394 6 0 Becoupment in respect of merged transacInstalments on buildings .. .. .. 14 II 0 tions .. .. .. .. .. 75 7 10 Credits in reduction of expenditure .. 9,576 1 7 Exchange .. .. .. .. 29 15 1 Bates prepaid .. .. .. .. 6 9 8 Consolidated Fund —Interest on debentures .. 15,000 0 0 Temporary transfer from other accounts .. 7,500 0 0 Balance —Cash in Public Account .. .. 13,941 6 1 £79,492 16 6 £79,492 16 6 Balance-sheet as at 31st March, 1931. Liabilities. Assets. Capital Account — £ s. d. £ s. d. Improved land handed over to Debentures issued under Hau- Land Board for settlement — £ s. d. £ s. d. raki Plains Act, 1926 — Leased .. .. .. 184,656 1 3 Debentures at — £ Unleased .. .. .. 12,702 7 8 3J per cent. .. 60,000 197,358 811 3f per cent. .. 25,000 Unpaid purchase price of land sold on deferred 4 per cent. .. 591,500 payment .. .. .. .. .. 12,426 15 9 4J per cent. .. 122,500 Unimproved land not disposed of .. .. 42,325 14 11 5i per cent. .. 10,000 Improvements on adjoining Crown lands .. 7,710 0 0 809,000 0 0 Permanent reserves .. .. .. .. 8,851 0 0 Expenditure from Public Works Works in progress —Expenditure on land in process Fund .. .. .. 5,070 0 0 of reclamation, including formation and Value of Crown lands set apart metalling of roads .. .. .. .. 501,272 12 9 under the Act .. .. 45,000 0 0 Artesian wells — £ s. d. 859,070 0 0 Crown tenants, Hauraki Plains 661 0 2 Discharged Soldiers Settlement Account —Merged Permanent reserves and Crown lands 216 10 9 interests under section 20, Discharged Soldiers 877 10 11 Settlement Amendment Act, 1923 .. .. 441 18 1 Buildings .. .. .. .. .. 5,887 3 0 Consolidated Fund— Wharves .. .. .. .. .. 4,326 15 0 Interest on debentures under £ s. d. Machinery and plant .. .. .. 46,767 311 Local Bodies' Loans Act, 1908 22,083 6 8 Live-stock .. .. .. .. .'. 81 11 0 Interest on expenditure out of Loose tools .. .. .. .. .. 307 9 11 Public Works Fund .. 4,664 8 0 Stores and fuel .. .. .. .. 5,191 5 8 Interest on temporary transfers Stamps on hand .•. .. .. .. 03 0 from other accounts .. 628 911 Sundry debtors — £ s. d. Bates unpaid, 1917-21 .. 47 15 0 Bent-.. .. .. .. 2,632 3 8 Interest on debentures under Bates .. . . .. 3,232 7 6 Hauraki Plains Act, 1926 .. 95,132 1 2 Instalments of principal on de122,556 0 9 ferred-payment sales .. 171 11 8 Interest on debentures accrued but not due .. 6,113 10 3 Interest on deferred - payment Sundry creditors — £ s. d. sales .. .. .. 157 11 8. Departmental .. .. 1,257 511 Interest on well-boring .. 96 12 2 Miscellaneous .. .. 2,478 5 3 Law-costs .. .. .. 93 810 3,735 11 2 Ferry fares and tram freights .. 114 811 Bents charged in advance .. .. 2,251 0 0 Grazing .. .. .. 66 2 0 Bate Account .. .. .. • • 547 18 4 Boyalties .. .. .. 205 7 10 Suspense Account .. .. .. 87 0 8 Departmental .. ..1,36711 9 Writings-off in suspense .. .. .. 301 1 2 Miscellaneous.. .. ..5,676 6 0 Payments in advance — £ s. d. 9 Bent .. .. • ■ 59 15 7 Postponed rent .. .. .. .. 269 17 9 Interest on deferred-payment sales 10 0 Losses in suspense .. .. .. .. 301 1 2 Rates .. .. .. 610 11 Interest accrued but not due on sales of land .. 88 0 0 Miscellaneous .. .. 22 4 Investment in Public Debt Bedemption Fund .. 9,147 13 2 69 810 Bevenue Account—Balance forward .. .. 123,759 1 5 Cash in transit from Post Office .. .. 469 2 11 Cash in Public Account .. .. .. 13,941 6 1 £995,173 9 3 £995,173 9 3 W. Robertson, Under-Secretary for Lands. 6th July, 1931. W. E. Shaw, Accountant. I hereby certify that the Receipts and Payments, Rate and Revenue Accounts, 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. The following comments are appended : (1) In the opinion of the Audit Office interest charged on works in progress should be capitalized. (2) A Bad Debt Reserve should be created. (3) Suggestions in reference to the treatment of expenditure on lands already ha.nded over for settlement were made to and are at present under consideration by the Department--G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (675 copies), £10.

Authority : W. A. G. Skinner, Government Printer, Wellington.—l93l.

Price 6d.]

8