C.—s.

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

2—C. 5.

9

General. | Cheviot. | Hutt Val,e y- Total - £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward . . .. 11,654,982 5 3 348,868 4 2 45,828 4 10 158,710 13 11 12,208,389 8 2 Railway Department: Balance unpaid on .. .. .. 26,389 80 26,38980 area taken for workshops Advances on mortgage- — Land Laws Amendment Act, 1929— Current account: Crown lands .. 156,130 5 3 Current account: Settlement land . . 27,941 15 7 Instalment mortgage: Crown lands 21,822 1 4 Instalment mortgage: Settlement land 7,133 13 9 213,027 15 11 .. .. .. 213,027 15 11 Deteriorated Lands Act, 1925 — Current account .. .. .. 6,955 6 5 Instalment mortgage .. .. 1,188 14 0 8,144 0 5 .. .. .. 8,144 0 5 Advances for roading of endowment lands under section 47, Land for Settlements Act, 1925— Wanganui River Trust .. .. 1,983 0 5 Otago University Endowment .. 1,558 2 7 3,541 3 0 .. .. .. 3,541 3 0 Land Laws Amendment Act, 1929: Expenditure on development of Crown and settlement lands — Crown lands — Improvements .. .. .. 29,942 2 8 Equipment .. .. .. 6,249 7 10 Stock and farm accounts .. .. 22,501 13 3 Settlement lands — Improvements .. .. ■. 144,083 3 6 Equipment .. .. 15,753 5 6 Stock and farm accounts .. .. 35,3981011 253,928 3 8 .. .. .. 253,928 3 8 Interest on capital expenditure .. 48,017 2 0 .. .. .. 48,017 2 0 Station accounts, including improvements 131,091 8 9 .. .. .. 131,091 8 9 and live-stock Plant and machinery .. .. 3,863 0 0 Less depreciation reserve thereon .. 3,086 18 0 776 2 0 .. .. .. 776 2 0 Postponements of rent, interest, &c. — Under Land Act, 1924 — Rents, &c., from estates .. .. 23,560 14 5 Instalments: Sales of Crown land, &c. 263 9 9 .. 0 4 11 Land Laws Amendment Act, 1929: 214 1 1 Rents, &c. Under Mortgagors and Lessees Rehabilitation Act, 1936 — Rent, &c., from estates .. •• 6,384 15 3 Land Laws Amendment Act, 1929: 106 6 0 Rents, &c. 30,529 6 6 .. 0 4 11 .. 30,529 11 5 Sundry debtors for — Rents and royalties from estates .. 448,274 14 5 4,047 5 8 .. 237 19 11 Principal instalments — Buildings: Crown land .. .. 3,249 13 6 .. 335 7 8 Buildings: Estates .. .. 18,743 16 9 Sales of Crown lands .. .. 16,955 15 1 .. 265 10 0 Sales of settlement lands .. .. 19,685 5 10 600 5 0 .. 3,527 7 0 Advances under Deteriorated Lands 40 3 5 Act, 1925 Loans for roading of endowment lands 516 14 4 under section 47, Land for Settlements Act, 1925 ' Interest on loans for roading of endow- 931 8 11 ment lands under section 47, Land for Settlements Act, 1925 Carried forward .. .. 508,397 12 3 4,647 10 8 600 17 8 3,765 6 11 Carried forward .. .. 12,344,037 7 6 348,868 4 2 45,828 9 9 185,100 1 11 12,923,834 3 4