B.—l [PT. IV].

HAURAKI PLAINS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st Maeoh, 1933. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Improved land handed over to ' £ s. d. £ sd. Public Works Fund ..823,820 1 8 Land Board for settlementValue of Crown land set apart Leased .. .. 193 327 911 under Act .. .. 45,000 0 0 Unleased .'.' .'.' .'.' 5,'667 0 8 868,820 1 8 Unpaid purchase price for land Discharged Soldiers Settlement sold on deferred payments 16,110 17 2 Account: Merged interests 215 105 7 9 under section 20, Discharged Unimproved value of land not disposed of .. 411 Soldiers Settlement Amend- Improvements on adjoining Crown lands .. 7,710 0 0 ment Act, 1923 .. .. .. 429 17 2 Permanent reserves .. .. .. 8,851 0 0 Sundry creditors — Works in progress : Expenditure on land in Miscellaneous .. .. 1,001 13 7 course of reclamation, including formation and Departmental .. .. 28 18 11 metalling of roads .. .. .. 533,111 3 8 1,030 12 6 Artesian wells-— £ s. d. Rent charged in advance .. .. 2,493 00 1 Crown tenants, Hauraki plains ..42110 9 Rate Account .. .. .. 1,615 9 10 Permanent reserves and Crown Payments in advance— lands .. 216 10 9 Rent .. .. .. 41 19 3 638 1 6 Deferred payments instalment Buildings .... 5 050 6 11 (principal) .. .. 72 19 0 Wharves .. .'.' .'.' " .'. 3'761 0 0 Interest on well boring .. 00 1 Machinery and plant .. .. .. 39 ,'460 7 0 Deferred payments instalment Live-stock .. 43 8 6 (interest) .. .. 9 11 7 Loose tools !' '.'. '.'. '.'. 730 0 9 Rates •• •• ■• 10 15 3 Stores and fuel .. .. .. .. 4,063 8 5 135 5 2 Stamps on hand .. .. .. .. 110 Suspense Account .. .. .. 65 7 7 Sundry debtors— £ s. d. Wntings-off in Suspense .. .. 490 3 0 Rent .. .. ..3,734 13 10 Treasury Adjustment Account .. 186,131 210 Rates .. .. .. 3,414 8 0 Instalment (principal) on de-ferred-payment sales .. 161 16 10 Interest, deferred-payment sales 152 1 0 Law-costs .. .. .. 97 16 4 Interest on well-boring .. 11l 16 9 Tram freights and ferry fares .. 80 18 0 Grazing .. .. .. 89 17 6 Miscellaneous .. .. 5,368 8 1 Departmental .. .. 1,094 0 9 14,305 17 1 Postponed rent .. .. .. ~ 1,168 7 9 Postponed interest .. .. .. 99 1 6 Losses in suspense .. .. .. 490 3 0 Interest accrued but not due .. .. 152 0 0 Investment in Public Debt Redemption Fund .. 9,894 2 1 Cash in transit at post-office .. .. 0 12 Revenue Account: Balance forward.. .. 174,550 16 9 £1,061,210 19 9 £1,061,210 19 9 W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. I hereby certify that the 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 Debts Reserve should be created. (3) Suggestions in reference to the treatment of expenditure on lands already handed over for settlement were made to and are at present under consideration by the Department.—J. H. Fowler, Deputy-Controller and Auditor-General.

7—B. 1 [P. IV].

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