C.—B

HAURAKI PLAINS SETTLEMENT SCHEME —continued. Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. £ s. d. Public Works Fund .. .. 832,972 4 7 Land Board for settlement — Value of Crown land set apart Leased .. .. .. 188,472 9 11 under Act .. .. 45,000 0 0 Unleased .. .. ..11,568 0 3 877,972 4 7 Unpaid purchase - money for Discharged Soldiers Settlement land sold on deferred payAccount : Merged transactions ments . . .. 15,112 7 8 under section 20, Discharged 2(5,152 17 10 Soldiers Settlement Amend- Unimproved value of land not disposed of .. 41,929 811 ment Act, 1923 .. .. .. 424 1 11 Improvements on adjoining Crown lands .. 7,710 0 0 Sundry creditors — Permanent reserves .. .. .. 8,851 0 0 Miscellaneous .. .. 831 5 4 Works in progress : Expenditure on land in Departmental .. .. 19 14 7 course of reclamation, including formation 850 19 11 and metalling of roads .. .. .. 550,783 5 1 Rent charged in advance .. .. 2,387 0' 0 Artesian wells — £ s. d. Rate Account .. .. .. 1,858 3 2 Crown tenants: Hauraki Plains .. 421 10 9 Payments in advance— Permanent reserves and Crown Rent .. .. .. 31 16 10 lands .. .. .. 216 10 9 Rates .. .. .. I 14 11 638 1 6 Instalment principal, deferred Buildings .. .. .. .. .. 4,825 17 1 payment sales .. .. 14 8 8 Wharves .. .. .. .. .. 3,573 0 0 Instalment interest, deferred Machinery and plant .. .. .. 30,906 2 6 payment sales .. .. 015 3 Live-stock .. .. .. .. .. 38 16 6 Miscellaneous .. .. 0 10 Loose tools .. .. .. .. 994 19 10 48 16 8 Stores and fuel .. .. .. .. 4,164 17 0 Suspense Account .. .. .. 58 3 9 Stamps on hand .. .. .. .. 0 4 0 Writings-off in Suspense .. .. 278 7 5 Sundry debtors — Deposits by lessees: Surety Rent .. .. .. 3,262 10 6 against drain damage .. .. 10 0 0 Rates .. .. 3, 388 7 5 Treasury Adjustment Account .. .. 203,697 2 1 Instalment principal on deferredpayment sales .. .. 173 13 5 Instalment principal on buildings 4 0 0 Interest on well-boring .. 119 16 0 Interest, deferred-payment sales 197 9 11 Law-costs .. .. . . 81 7 10 Tram freights and ferry fares .. 24 6 9 Grazing .. .. .. 58 13 1 Miscellaneous .. .. 5,232 8 1 Departmental .. .. 863 13 0 13,406 6 0 Postponed rent .. .. .. .. 1,566 17 4 Postponed interest .. .. .. .. 117 8 11 Losses in Suspense .. .. .. .. 278 7 5 Interest accrued but not due .. .. .. 216 10 0 Premiums on conversion .. .. .. 130 10 0 Cash in Deposits Account .. .. .. 10 0 0 Revenue Account: Balance forward .. .. 202,290 9 7 £1,087,584 19 6 £1,087,584 19 6 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. 1 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; (4) that the accounts of the Auckland District Land Office and Chief Drainage Engineer, the audit of which has not yet been completed by the local audit Inspector, are in agreement with the Head Office books. —G. F. C. Campbell, Controller and Auditor-General.

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