e.—s

HAURAKI PLAINS SETTLEMENT SCHEME —continued. Balance-sheet as at 31st March, 1938. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. £ s. d Public Works Fund .. .. 868,624 7 5 Land Board for settlement— Value of Crown land set apart Leased .. .. .. 152,390 8 3 under Act .. .. 45,000 0 0 Unleased .. .. .. 11,437 17 0 Transferred from Discharged Unpaid purchase-money for land Soldiers Settlement Account.. 264 15 0 sold on deferred payment .. 24,050 2 6 913,889 2 5 187,878 7 9 Employment Promotion Fund capital .. .. 8,593 15 5 Unimproved value, land not disposed of .. 41,693 311 Consolidated Fund capital .. .. .. 6,112 4 9 Improvements on adjoining Crown lands .. 7,710 0 0 Reserve for loss on Discharged Soldiers Settlement Permanent reserves .. .. .. .. 8,851 0 0 ..assets- .. .. .. .. 140 0 0 Works in progress : Expenditure on land in course Sundry creditors— £ s. d. of reclamation, including formation and metalMiscellaneous .. .. 2,423 18 10 ling of roads .. .. .. .. 624,116 14 9 Departmental .. .. 513 16 0 Capital expenditure— 2,937 14 10 Employment Promotion Fund .. .. 8,593 15 5 Rent charged in advance .. .. .. 1,900 0 0 Consolidated Fund .. .. .. .. 6,11249 Rate Account . . .. .. .. 1,902 8 6 Artesian wells — £ s. d. Payments in advance — £ s. d. Crown tenants, Hauraki Plains.. 288 8 8 Grazing fees .. .. 0 15 0 Permanent reserves and Crown Rent .. .. ... 92 7 2 lands .. 216 10 9 Rates .. . • • • 0 0 7 504 19 5 Instalment of principal on de- Buildings .. .. .. .. .. 3,89852 ferred-payment sales . . 29 0 5 Wharves . . . . . . . . .. 200 0 0 Instalment' of interest on de- Machinery and plant .. .. .. . . 17,167 4 5 ferred-payment sales .. 18 4 3 Live-stock .. .. .. .. .. 10 11 0 140 7 5 Stores .. .. .. .. .. 6,155 811 Suspense Account .. .. • ■ • • 16 1 Stamps on hand .. .. .. . . 0 10 Writings-off in Suspense .. .. .. 16,639 16 7 Sundry debtors —■ £ s. d. Treasury Adjustment Account .. .. 310,124 7 2 Rent .. .. .. 3,054 4 1 Rates .. .. .. 3,663 13 3 Instalment of principal on de-ferred-payment sales .. 94 14 9 Instalment of principal on buildings .. .. .. 4 0 10 Interest on well-boring . . 105 0 3 Interest on deferred - payment sales .. .. . . 326 5 10 Law-costs .. .. . . 132 18 0 Tram freights and ferry fares .. 16 9 3 Grazing .. .. . . 31 2 5 Miscellaneous, .. .. 5,112 3 2 Departmental .. .. 10,328 2 3 22,868 14 1 Postponed rent (Mortgagors and Lessees Rehabilitation Act, 1936) . . . . . . .. 143 1 4 Postponed rent (Land Act, 1924) .. .. 92 10 7 : r- _ „ Losses in Suspense .. .. .. .. 16,639 16 7 Interest accrued but not due .. .. .. 325 0 0 Premiums on conversion .. .. .. 72 10 0 Cash in transit from Post Office .. .. 55 2 4 Revenue Account: Balance forward .. .. 309,292 11 9 £1,262,381 3 2 £1,262,381 3 2 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the 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, subject to the explanatory notes dealing with departmental Accounts generally as appearing at commencement of parliamentary return [8.-I, Ft. IV], The following comment is appended : The balance of the Works in Progress Account —viz., £624,116 14s. 9d. —appearing in the Balance-sheet greatly exceeds the value of lands the control of which has not yet been transferred to the Land Board. —J. H. Fowler, Controller and Audit-General.

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