C.—s

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1938. Liabilities.

7

General. Cheviot. Hutt Valle y- Total. Loan Capital— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s . d. 3 per cent. .. 215,029 0 0 3J per cent. .. 6,182,488 5 11 .. 160,918 0 0 3| per cent. .. 364,150 0 0 4 per cent. .. 4,124,924 3 11 4£ per cent. .. 37,739 12 3 5 per cent. .. 110,000 0 0 Funded debt, £4 19s. 33,446 6 11 5-88d. Debentures not con- 200 0 0 verted 11,067,977 9 0 Crown lands included in estates .. 211,986 19 11 Sales of Crown land .. .. 2,625,575 17 5 Sales of buildings on Crown land .. 27,494 13 9 Capital transferred from Discharged 7,754 13 7 Soldiers Settlement Account 13,940,789 13 8 Less amount expended in opening up 191,802 1 10 Crown lands 13,748,987 1110 160,918 0 0 .. .. 13,909,905 1110 Dairy Shares Capital Account .. .. 2 16 0 .. . . .. 2 16 0 Accumulated funds— Cheviot Estate .. .. .. .. 465,782 10 2 .. .. 465,782 10 2 National Endowment Trust .. .. .. .. 151,242 12 3 .. 151 242 12 3 Deposits by lessees under section 208, 14,712 11 7 .. ' 14 712 lT 7 Land Act, 1924 " " ' Sundry creditors — Interest on investments paid in advance 595 17 10 Interest on capital from proceeds of 206,081 3 7 sales of Crown land Interest on loans due and unpaid .. 40 0 0 Turakina Domain .. .. .. 317 3 1 Departmental .. .. .. 1,938 15 9 .. 358 9 5 Miscellaneous .. .. .. 169 18 11 209,142 19 2 .. 358 9 5 .. 209,501 8 7 Interest on loans accrued but not due .. 94,863 13 4 1,373 6 3 .. .. 96,236 19 7 Hutt Valley estates — Purchases .. .. ;. .. .. ., 164,760 11 9 Roading and incidental expenses .. .. .. . . 228 480 111 Interest .. .. .. .. .. .. 13 2 474,901 6 10 Less deductions, section 11 (2) (a), .. .. . , 420 516 4 8 Finance Act, 1932 ' 54,385 2 2 54,385 2 2 Railway Improvements Authorization Act, .. .. 1 014 14 ] \ 014 ]4 \ 1914 : Interest on capital Land Laws Amendment Act, 1929 : Land subject to section 8 — Crown Lands Account .. .. 35,673 16 11 National Endowment Account .. 8,411 10 2 Primary Education Endowment Account 177 19 1 44,263 6 2 . . . . .. 44,263 6 2 Payments in advance — Rents, &c., on estates .. .. 3,878 0 2 15 7 6 .. 39 5 7 Principal instalments —Sales of Crown 1,627 5 11 .. 2 17 8 land Interest on advances for roading of 17 8 3 endowment lands Land Laws Amendment Act, 1929 . . 191 3 3 Deteriorated Lands Act, 1925 .. 7 2 7 5,721 0 2 15 7 6 2 17 8 39 5 7 5,778 10 11 Rents charges in advance .. .. 121,799 1 3 5,038 11 10 .. 3 8 4 126,841 1 5 Writings-off in Suspense— Estates .. ,.. .. .. 4,991 19 2 Land Laws Amendment Act, 1929 .. 939 14 6 5,931 13 8 .. .. .. 5,931 13 S Carried forward .. .. 14,245,424 13 2 633,127 15 9 151,603 19 4 55,442 10 2 15,085,598 18 5