c.—s

LAND FOR SETTLEMENTS ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1938.

6

General. Cheviot. Hutt Valley. Total. Dr. £ s. d. £ s. d. £ s. d. £ g. d. Interest on— Loan capital liability .. .. .. .. .. 401,850 6 11 5,632 2 7 .. 407,482 9 6 Capital from proceeds of sales of Crown lands .. .. 84,368 15 7 .. .. 84,368 15 7 Value of Crown lands in estates .. .. .. .. 8,479 9 7 .. .. 8,479 9 7 National Endowment Trust Funds .. .. .. 3,781 6 1 .. .. 3,781 6 1 Cheviot Estate: Accumulated Fund transferred .. .. 18,534 3 0 .. .. 18,534 3 0 Deposits by lessees : Section 208, Land Act, 1924 .. . . 316 10 5 .. . . 316 10 5 Capital from land for settlements . . .. .. .. .. 2,342 11 6 2,342 11 6 Sundry charges re loans — Stamp duty on transfer of stock .. .. .. 656 .. .. 656 Recoupment of management charges of New Zealand con- 1,616 15 4 .. .. 1,616 15 4 solidated stock Proportion of premium on loan conversion .. .. 2,563 0 0 .. .. 2,563 0 0 Administration expenses— Estates .. .. .. .. .. .. 11,206 3 9 828 4 2 1,948 9 2 13,982 17 .1 Land Laws Amendment Act, 1929 .. .. .. 1,014 14 4 .. .. 1,014 14 4 Rebates — Rents, &e., from estates .. .. .. .. 27,525 15 11 1,472 5 6 10 7 11 29,008 9 4 Rents, &c., under Land Laws Amendment Act, 1929 .. 388 19 9 .. .. 388 19 9 Remissions of rent and interest— Land Board recommendations .. .. .. .. 9,588 6 7 129 17 7 .. 9,718 4 2 Under Mortgagors and Lessees Rehabilitation Act, 1936 .. 58,775 10 6 171 1 9 760 9 10 59,707 2 1 Under Mortgagors and Tenants Relief Act, 1933 .. .. 21 9 6 .. .. 21 9 6 Irrecoverable rents, &c., transferred to Suspense Accounts — Rents, &c., from estates .. .. .. .. 4,261 8 0 .. 123 0 6 4,384 8 6 Rents, &c., under Land Laws Amendment Act, 1929 .. 214 5 11 .. .. 214 5 11 Deficiency on disposal Ngamahanga Block .. .. .. 7,847 19 0 .. .. 7,847 19 0 Miscellaneous expenditure on estates .. .. . . 885 12 10' .. 90 10 5 976 3 3 Compensation for injuries incurred on development works . . 110 0 7 . . .. 110 0 7 Audit fees .. .. .. .. .. .. 250 0 0 .. .. 250 0 0 Salaries .. .. .. .. .. .. 1,000 0 0 .. .. 1,000 0 0 Travelling-expenses .. .. .. .. .. 34 5 7 .. .. 34 5 7 Telephone services .. .. .. .. .. 17 13 11 .. .. 17 13 11 Depreciation of plant, &e. .. .. .. .. 193 17 0 .. .. 193 17 0 Interest on Cheviot Estate fixed capital (see contra) .. .. .. 7,178 3 4 .. 7,178 3 4 Balance carried down .. .. .. .. .. .. 2,038 16 1 2,707 1 0 4,745 17 1 £644,852 15 7 £17,450 11 0 £7,982 10 4 £670,285 16 11 £ s. d. £ s. d. £ s. d. £ s. d. Balance brought down .. .. .. .. .. 37,729 9 1 .. .. 37,729 9 1 Transfer to Profit and Loss Appropriation Account . . .. . . .. 2,707 1 0 2,707 1 0 Transfer to reserve .. .. .. .. . . .. 2,038 16 1 .. 16 1 £37,729 9 1 £2,038 16 1 £2,707 1 0 £42,475 6 2 Cr. Rents and royalties— £ s. d. £ s. d. £ s. d. £ s. d. Estates .. .. .. .. .. .. 482,689 4 5 16,296 12 11 139 16 9 499,125 14 1 Land Laws Amendment Act, 1929 .. .. .. 5,295 9 3 .. .. 5,295 9 3 Interest on sales — Estates .. .. .. .. .. .. 25,537 12 0 1,001 13 1 5,210 2 10 31,749 7 11 Land Laws Amendment Act, 1929 .. . . . . 610 13 2 .. .. 610 13 2 Interest on capital expenditure £ s. d. Te Wera Estate .. .. .. 3,992 9 10 Brinklands Estate . . .. .. 832 19 3 Hutt Valley Settlement .. .. 2,342 11 6 Land-development .. .. .. 4,533 10 11 — 11,701 11 6 .. .. 11,701 11 6 Interest on advances — Land Laws Amendment Act, 1929 .. .. .. 10,140 8 7 .. .. 10 140 8 7 Deteriorated Land Act, 1925 .. .. .. .. 416 12 10 .. .. 416 12 10 Interest on loans for roading of endowment lands under section 47, Land for Settlements Act, 1925 — £ s. d. Wanganui River Trust Endowment .. 91 7 4 Otago University Endowment . . .. 81 17 3 173 4 7 .. .. 173 4 7 Profit on disposal of developed property .. .. .. 202 4 7 .. .. 202 4 7 Interest on investments .. .. .. .. .. 7,578 17 4 .. .. 7,578 17 4 Interest on investments in Public Debt Redemption Fund .. 55,505 15 9 152 5 0 .. 55,658 0 9 Valuation fees : Sections 7 and 14, Land Laws Amendment Act, 1929 .. .. .. .. .. .. 69 2 0 .. .. 69 2 0 Recovery of loss previously written off .. .. .. .. 7 10 0 7 10 0 Miscellaneous .. .. .. .. .. .. 24 7 2 .. .. 24 7 2 Interest on Cheviot Estate (see contra) .. .. .. 7,178 3 4 .. .. 7,178 3 4 Gross profit on trading .. .. .. .. .. .. .. 2,625 0 9 2,625 0 9 Balance .. .. .. .. .. .. 37,729 9 1 .. .. 37,729 9 1 £644,852 15 7 £17,450 11 0 £7,982 10 4 £670,285 16 11 £ s. d. £ s. d. £ s. d. £ s. d. Balance brought down .. .. .. .. .. .. 2,038 16 1 2,707 1 0 4,745 17 1 Transfer from reserve .. .. .. .. .. 37,729 9 1 .. .. 37,729 9 1 £37,729 9 1 £2,038 16 1 £2,707 1 0 £42,475 6 2