C. 5

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1939.

6

Liabilities. General. Cheviot. "ment'Tru8t° W " 1Jutt Valle y' | Total. Loan capital— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3 per cent. .. 218,235 0 0 3J per cent. .. 6,179,282 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 II 5-88d. Debentures not con- 200 0 0 verted 11,067,977 9 0 Crown lands included in estates .. 211,940 0 0 Sales of Crown lands and buildings .. 2,804,319 15 4 Capital transferred from Discharged 9,277 19 7 Soldiers Settlement Account 14,093,515 3 11 Less amount expended in opening up 191,802 1 10 Crown lands 13,901,713 2 1 160,918 0 0 .. .. 14,062,631 2 I Dairy Shares Capital Account . . . . 56 15 8 .. .. .. 56 15 8 Deposits by lessees under section 208, Land 16,975 3 4 .. .. .. 16,975 3 4 Act, 1924 Accumulated funds— Cheviot Estate .. .. .. .. 465,346 0 2 .. .. 465,346 0 2 National Endowment Trust .. .. .. .. 162,107 5 7 .. 162,107 5 7 Sundry creditors — Interest on.capital from proceeds of sales 290,876 6 I of Crown lands Interest on loans due and unpaid ... 48 0 0 Turakina Domain .. .. .. 317 3 1 Departmental .. .. .. 1,270 0 4, .. 7 0 0 Miscellaneous .. .. .. 1,223 13 9 .. .. 17 17 0 293,735 3 3 .. 7 0 0 17 17 0 293,760 0 3 Rents charged in advance .. .. 110,851 4 4 5,028 14 10 .. 2 8 2 115,882 7 4 Interest on loans accrued but not due .. 97,599 5 2 1,373 6 3 .. .. 98,972 11 5 Hutt Valley estates— Purchases .. .. .. .. .. .. 164,981 11 6 Roading and incidental expenses .. .. .. .. 228,726 15 11 Interest .. .. .. .. .. .. .. 81,666 3 8 475,374 11 1 Less deductions, section 11 (2) (a), .. .. .. 433,270 13 6 Finance Act, 1932 . 42,103 17 7 42,103 17 7 Railway Improvements Authorization Act, .. .. .. 1,014 14 1 1,014 14 1 1914 : Interest on capital Land Laws Amendment Act, 1929 : Land subject to section 8— Crown Lands Account .. .. 35,482 0 6 National Endowment Account .. 8,441 10 2 Primary Education Endowment Account 177 19 1 44,101 9 9 .. .. .. 44,101 9 9 Writings-off in Suspense— Estates .. .. .. .. 9,279 5 8 .. .. 78 11 7 Land Laws Amendment Act, 1929 .. 1,115 6 6 10,394 12 2 .. 78 11 7 10,473 3 9 Payments in advance — Rents, &c., on estates .. .. 7,886 1 5 23 14 6 .. 54 12 11 Principal instalments, &c.: Sales of 547 12 3 .. 28 10 5 Crown lands Land Laws Amendment Act, 1929 .. 458 4 8 Deteriorated Lands Act, 1925 .. 9 18 2 8,901 16 6 23 14 6 28 10 5 54 12 II 9,008 14 4 Suspense Account: Deteriorated Lands 271 19 3 .. .. .. 271 19 3 Act, 1925 Suspense Account: Buildings and 398011 .. .. .. 398 011 improvements Reserve for capitalized interest on land- 44,449 4 7 . . . . .. 44,449 4 7 development schemes Reserve Account, including unexpended 154,111 12 0 13,004 139 .. .. 167,11659 loading for roads, &c. Reserve for transfers from Discharged 9,824 2 11 .. .. .. 9,824 2 11 Soldiers Settlement Account Development expenditure— Employment Promotion Fund (contra) 21,729 12 9 .. .. .. 21,729 12 9 Consolidated Fund (contra) .. .. 9,801 8 10 .. .. .. 9,801 8 10 Profit and Loss Appropriation .. .. .. .. .. 148,477 12 2 148,477 12 2 Cheviot Estate Account (contra) .. 291,400 9 2 .. .. .. 291,400 9 2 National Endowment Trust Account 116,321 14 10 .. .. .. 116,321 14 10 (contra) £15,132,636 17 6 £645,694 9 6 £162,142 16 0 £191,749 13 6 £16,132,223 16 6