LAND FOR SETTLEMENTS ACCOUNT. Revenue Account for the Year ended 31st March, 1932.

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/>. j General. Cheviot. i Total. j Or. j General. Cheviot. j Total. To Interest on- 432,341 10 5,632 437,973 13 0 j By Rents, & c. 509,582 0 *8 19-055 11 "4 528,637 12 0 Capital from proceeds of sale of Crown 73,616 12 5 .. 73,616 12 5 , Interest on sales, &c. .. .. .. 34,082 1b 4 32b 1 0 d4,4Uh 17 j an( j Interest oil capital expenditure— Value of Crown lands in estates .. 8,405 12 0 .. 8,405 12 0 _ J? National Endowment Trust Funds .. 1,924 17 7 .. 1,924 17 7 Te Wera .. •• 0,372 12 9 Cheviot Estate accumulated funds trans- 18,535 10 7 .. 18,535 10 7 Hutt alley Settlement 'J ® ferred Brinklands Estate .. 685 0 4 Deposits by lessees under section 208, 271 11 2 .. 271 11 2 Land development .. 190 15 1 3g8 g g 12>3gg g 2 AdmMsteaiionlxptnses .. .. 7,591 7 11 713 14 11 8,305 2 10 Interest on investments .. •; 22,160 1 6 •• 160 1 6 Administration expenses, Land Laws 3,330 10 1 .. 3,330 10 1 Interest on investments m Public Debt 48,695 19 7 120 6 b 48,816 6 1 Ampnrimpnt Apt 1Q2Q Redemption Fund Rebates —Rent and interest .. .. 23,371 11 8 1,401 4 6 24,772 16 2 Valuation fees, sections 7 and 14, Land 417 7 0 .. 417 7 0 Remissions of rent, &c. .. -- 18,751 11 5 74 0 7 18,825 12 0 Laws Amendment Act, 1929 Remissions and rent written off D.R.B. .. 2,153 2 0 .. 2,153 2 0 Miscellaneous .. •• • • •• £ s. d. Interest on Cheviot Estate fixed capital 8,380 7 I .. 8,d8U < & Reductions by D.R.B. .. 24,205 5 8 (see contra) Less written off to reserve 24,205 5 8 Irrecoverable rents, &c., transferred to 5,220 12 11 9 0 10 5,229 13 9 ■ Suspense Account j j Charges and expenses of raising loans .. 1,425 7 6 .. 1,425 7 6 j Management charges of New Zealand con- 720 17 7 .. j 720 17 7 = solidated stock Stamp duty on transfer of stock .. 7 15 11 .. 7 15 11 Land for settlements —Vote expenses — £ s. d. Audit fees .. .. 250 0 0 Compensation for injuries 1,030 I 11 Salaries .. .. 1,406 10 2 j Preliminary expenses .. 838 3 7 Travelling-expenses .. 159 15 4 Miscellaneous .. .. 2,087 15 2 5,772 6 2 .. 5,772 6 2 Depreciation of plant .. .. .. 196 1 6 .. 196 1 6 Miscellaneous expenses incidental to estates 250 11 10 . . 250 11 10 Interest on Cheviot Estate fixed capital (see .. 8,380 7 2 8,380 7 2 contra) \ Balance carried down .. .. .. ! 32,149 17 9 3,291 8 3 j 35,441 6 0 : £636,037 8 5 £19,501 18 10 | £655,539 7 3 £636,037 8 5 18 10 £655,539 7 3 £ s. d. £ s. d. ! £ s. d. £ s - d- £ s. d. £ s. d. m t> i • d.79 8 1 479 s 5 T'n Ralance brought down • • • • 32,149 17 9 3.291 8 3 35,441 6 0 To Balance previous year .. .. .. 472 8 5 .. 8 o ±o .Balance Diougnu uuwu , Adjustment previous year of rents overstated 785 17 1 .. 785 17 1 Adjustment previous year, Cheviot Estate 18,631 18 9 .. 18,63118 9 Adjustment previous year, Cheviot Estate .. 18,631 18 9 18,631 18 9 Reserve™'™ 0 •• 15,340 10 6 15,340 10 6 (see contra) Reserve .. .. - - -. 49,523 11 0 .. | 49,523 11 0 j £50,781 16 6 £18,631 18 9 j £69,413 15 3 | £50,781 16 6 £18,631 18 9 ! £69,413 15 3