B.—l [Pt. IV].

LANDS AND SURVEY DEPARTMENT— oontiwted. SECONDARY EDUCATION ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1933. Receipts. £ s. d. Payments. £ s. d. To Balance in Deposit Account, Ist By Payments to secondary schools .. .. 8,744 3 3 April, 1932 — £ s. d. Administration expenses .. .. .. 492 12 3 Cash .. .. .. 4,474 2 5 Maintenance and repairs .. .. .. 4 5 9 Investments .. .. 600 0 0 Rotorua College and Grammar School .. 640 8 0 5,074 2 5 Refunds of revenue .. .. .. 27 2 0 Rents under section 30, Education Reserves Balance in Deposit Account at Act, 1928 .. .. .. .. 9,625 3 8 31st March, 1933— £ s. d. Interest on investments .. .. .. 27 0 0 Cash .. .. .. 4,249 11 7 Interest on cash and investments held by Investments .. .. 600 0 0 Public Trustee .. .. .. .. 31 16 9 4,849 11 7 £14,758 2 10 £14,758 2 10 Revenue Account for the Year ended 31st March, 1933. Dr. £ s- d. Cr. £ s. d. To Administration expenses .. .. .. 489 15 9 By Accrued rent .. .. .. .. 12,987 19 11 Remissions under Land Act, 1924 .. .. 1,753 17 0 Interest on cash held by Public Trustee .. 31 16 9 Repairs and maintenance .. .. .. 4 5 9 Interest on investments .. .. .. 27 1 6 Rotorua College and Grammar School .. 640 8 0 Payments to secondary schools .. .. 8,744 3 3 Balanoe carried down .. .. .. 1,414 8 5 £13,046 18 2 £13,046 18 2 £ s. d. £ s. d. To Balance .. .. •. •• •• 10,026 14 8 By Balance from previous year .. .. 8,612 6 3 Balance brought down .. .. .. 1,414 8 5 £10,026 14 8 £10,026 14 ji Balance-sheet as at 31st March, 1933. Liabilities. £ s. d. Assets. Capital .. .. •• •■ •• 208,402 9 4 Endowment lands — £ s. d. £ s. d. Appreciation in land-values .. .. .. 54,345 18 11 Leased .. .. .. 247,522 5 7 Public Works Fund: Roading (section 17, Land Unleased .. .. .. 17,492 6 2 Laws Amendment Act, 1927) .. .. 2,235 17 11 265,014 11 9 Sundry creditors — £ 8. d. Sundry debtors for rent .. .. .. 6,670 0 2 Rents _ _ .. :. .. 273 15 4 Unallocated arrears, Hawke's Bay District .. 0 16 Departmental .. .. .. 158 4 9 Postponed rent .. .. -. .- 1,009 8 6 432 0 1 Interest accrued but not due on investments . . 10 0 9 Rents charged in advance .. .. 2,906 17 6 Losses in Suspense .. .. .. .. 9 2 6 Writings-off in suspense .. .. .. 9 2 6 Cash held by Public Trustee .. .. .. 796 4 2 Revenue Account balance .. .. .. 10,026 14 8 Cash in Public Account at 31st March, 1933 i Deposits Account — £ s. d. Cash .. .. .. .. 4,249 11 7 Investments .. .. .. 600 0 0 4,849 11 7 £278,359 0 11 £278,359 0 11 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue Account, 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 comment is appended : The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (6) of the Land Laws Amendment Act, 1927. —6. F. C. Campbell, Controller and Auditor-General.

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