C—9.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Revenue Account foe the Yeae ended 31st Maech, 1933. Dr £ s. A. £ s. d. Or. To Interest and sundry charges re By Interest on advances— £ s. d. £ s. d. J oans Current Account .. 95,974 8 0 Interest on debentures ..238,822 0 9 Farms, &c 320,792 17 7 Interest on amount trans- Dwellings .. .. 254,830 16 4 ferred from Consolidated Merged interests .. 984 16 0 Fund .. •■ 412,104 22 Buildings .. .. 1,151 6 6 Interest on redemptions Sales .. .. .. 86 18 8 from Public Debt Repay- Miscellaneous .. .. 87 6 3 ment Account .. 6,165 3 8 --—673,878 9 4 Management charges of stock 78 11 0 Rents and. royalties from properties acquired Stamp dutv on transfers .. 93 1.6 by Crown .. .. .. 35,988 4 7 Charges and expenses of Interest on surplus funds temporarily invested 9,330 14 3 loans (redemptions) 508 17 6 Interest on investment in Public Debt RedempCharges and expenses of tion Fund .. .. .. .. 1,484 14 10 raising loans: Issues on Profit on disposal of properties .. .. 2,729 13 7 renewal and conversion 5,198 22 Transfer and production fees .. .. 381 t> 0 662,969 18 9 Valuation fees .. .. ... ■■ 10 12 2 Expenses of management— Miscellaneous .. .. . 26 11 7 Costs recouped to vote, Balance, loss for year, carried do™ ~ 221,814 5 2 Lands and Survey .. 37,000 0 0 Rebates .. .. 27,594 17 10 Miscellaneous expenditure on Crown properties .. 4,324 7 1 Audit fees ' .. •• 700 0 0 Travelling-expenses .. 210 5 1 Printing and stationery .. 190 10 9 Valuation expenses .. 30 2 4 Commission .. • ■ 18 0 2 Depreciation .. . • 0 10 8 70,068 13 11 Remissions — Land Board recommendations .. .. •• 95,953 14 3 Dominion Revaluation Board recommendations .. 1,896 9 6 Under Deteriorated Land Act, 1925 .. .. 22 18 8 97,873 2 5 Reduction in value of securities — Losses on realization — Writings-ofl in Suspense .. 72,706 1 5 Losses on properties acquired by Crown . .. .. 30,086 5 4 Reduction of mortgages, &c, by Dominion Revaluation Board .. .. 8,716 12 8 Reduction in capital value of leases under section 216, Land Act, 1924 .. 3,223 17 0 114,732 16 5 £945,644 11 6 £945,644 11 6 £ s. d. £ s. d. To Balance ■ Loss for year brought down .. 221,814 5 2 By Adjustment on account previous year .. 669 3 9 Balance forward from previous year .. 366,929 2 5 Balance: Accumulated loss to 31st March, 1933 .. .. •■ •■ •• 588,074 3 10 £588,743 7 7 £588,743 7 7 Balance-sheet as at 31st Maech, 1933. Liabilities. I Assets. Capital £ s. d. £ s. d. Advances on mortgages— £ s. d. £ s. d. Transfer from Consoli- Current account .. 1,806,392 4 0 dated Fund .. 13,500,000 0 0 Farms, orchards, &c. .. 6,064,342 4 9 Reduction under section Dwellings, business pre--22, Finance Act, 1927 mises, &c 4,793,1411110 (No 2) .. .. 2,650,000 0 0 12,663,876 0 7 Land leased under sections 4 and 5 of Discharged 10,850,000 0 0 Soldiers Settlement Amendment Act, 1921-22 456,800 6 2 Less- repaid as per Buildings—Unpaid purchase price (not yet Finance Act, 1931 payable) of buildings on Crown properties .. 22,538 0 0 (No 4) ~ .. 2,850,000 0 0 Sundry advances merged with value of Crown lands —(Section 20, Discharged Soldiers Settle; Balance, Public Debt Re- ment Amendment Act, 1923) .. .. 36,638 13 0 demption Fund at 4 per cent. .. ... 8,000,000 0 0 Carried forward .. 8,000,000 0 0 Carried forward .. .. .. 13,179,852 19 9

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