c.—s.

HAURAKI PLAIN'S SETTLEMENT SCHEME—continued. Balance-sheet as at 31st Makch, 1939. Liabilities. Assets. Capital Account— £ a. d. £ s. d. Improved lands handed over to £ s. d. £ a. d. Public Works Fund .. .. 856,664 14 11 Land Board for settlement— Value of Crown land set apart Leased .. .. .. 138,046 13 o under Act.. .. .. 45,000 0 0 Unleaaed .. .. .. 9,266 12 0 Transfer from Discharged Soldiers Unpaid purchase-money for land Settlement Account .. 264 15 0 sold on deferred payment .. 30,513 10 2 901,929 9 11 177,826 15 5 Employment Promotion Fund : Capital .. 10,083 18 I Unimproved value, land not disposed of.. .. 35,889 11 5 Consolidated Fund : Capital .. .. .. 6,112 4 9 Improvements on adjoining Crown lands .. 7,7J0 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 metalling Miscellaneous .. .. 155 8 11 of roads .. .. .. .. .. 633,732 8 4 Departmental .. .. 1,856 19 6 Capital expenditure— 2,012 8 5 Employment Promotion Fund .. .. 10,083 18 1 Rent charged in advance .. .. .. 1,735 0 0 Consolidated Fund .. .. .. .. 6,112 4 9 Rate Account .. .. .. .. 1,738 010 Artesian wells— £ s. d. Payments in advance — Crown tenants, Hauraki Plains.. 170 8 8 Grazing fees .. .. 0 15 0 Permanent reserves and Crown Rent .. .. .. 234 3 4 lands .. .. .. 216 10 9 Rates .. .. .. 0 0 9 386 19 5 Instalments of principal on de- Buildings .. .. .. .. .. 3,727 14 7 ferred-payment sales .. 101 18 4 Wharves .. .. . . . . .. 150 0 0 Instalments of interest on Machinery and plant .. .. .. .. 16,12115 2 deferred-payment sales .. 65 3 4 Live-stock .. .. .." .. .. 18 11 0 402 0 9 Stores .. .. .. .. .. 6,573 19 11 Suspense Account .. .. . . .. 16 1 Stamps on hand .. . . . . .. 0 10 Writings-off in Suspense .. .. .. 116 0 7 Sundry debtors— £ s. d. Treasury Adjustment Account .. .. 333,969 15 6 Rent .. .. .. 1,992 15 2 Rates .. . . .. 3,052 18 4 Instalments of principal on de-ferred-payment sales .. 115 6 5 Instalments of principal on buildings .. .. .. 2 3 1 Interest on well-boring .. 92 4 5 Interest, deferred-payment sales 323 3 6 Law-costs .. .. .. 134 14 3 Tram freights and ferry fares .. 8 10 0 Grazing .. .. .. 28 15 2 Miscellaneous .. .. 5,374 9 4 Departmental .. .. 2,570 4 3 13,695 3 11 Postponed rent (Mortgagors and Lessees Rehabilitation Act, 1936) .. .. .. . . 185 10 4 Losses in Suspense .. .. .. . . 116 0 7 Interest accrued but not due .. .. .. 395 0 0 Premiums on conversion .. .. .. 58 0 0 Revenue Account: Balance forward .. . . 336,605 11 0 £1,258,240 4 11 £1,258,240 4 11 R. G. Macmorban, Under-Secretary for Lands. G. I. Beeson, 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.-l [Pt. IV]. The following comment is appended : The balance of the Works in Progress Account —viz., £633,732 Bs. 4d.—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 Auditor-General.

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