B. —l [PT. IV], SUP. TO 1938.

CROWN LANDS ACCOUNT. Revenue Account for the Year ended 31st March, 1938. Dr. £ s. a. Or. Administration expenses .. .. .. 12,861 9 9 Accrued revenue— £ s. d. £ s. d. Rebates .. .. .. .. 11,218 611 Rents .. .. .. 245,373 4 4 Remissions under— £ s. d. Interest on sales of land .. 26,495 10 4 Land Act, 1924 .. .. 3,723 7 3 Royalty .. .. .. 9,680 15 10 Mortgagors Relief Acts.. .. 19,110 10 1 281,549 10 6 Deteriorated Land Act, 1925 .. 280 15 10 Residue of receipts from mining district landDischarged Soldiers Settlement occupation leases paid to Public Account under Amendment Act, 1923 .. 7 8 0 section 317, Land Act, 1924 .. .. 903 10 2 23,122 1 2 Interest under section 13, Land Laws Amendment Thirds under section 139, Land Act, 1924 .. 4,746 16 9 Act, 1926 .. .. .. .. 84 368 15 7 Irrecoverable rents : Writings-off in Suspense 6,594 11 6 Interest under section 47, Land Laws Amendment Depreciation of buildings.. .. .. 95 11 4 Act, 1929 .. .. .. .. 8,479 9 7 Rent, McGregor Block .. .. .. 145 8 7 Recovery of bad debts .. .. .. '486 1 3 Sundry expenditure in respect of Miscellaneous .. .. .. .. 46 1 8 Crown land out of vote " Lands and Survey " — £ s. d. Rent, Aranui Block .. .. 31 18 10 Repairs to buildings .. .. 242 16 6 Eradication of noxious weeds .. 9,004 6 0 Extermination of rabbits .. 3,664 17 5 Special rates on Crown properties 705 18 4 Reclamation of sand-dunes .. 633 19 4 Refunds for improvements .. 4,268 11 11 Compensation for overlap of title 10 19 9 Repairs to landing-sheds, Big Bay and Martin Bay .. .. 18 19 1 Clearing, grassing, &c. .. .. 152 0 5 18,734 7 7 Balance carried down .. .. .. 298,314 15 2 £375,833 8 9 —£375,833 8 9 £ s. d. Interest on capital .. .. .. 357,440 15 5 £ s. d. Balance, Thermal Springs District Account Revenue Balance brought down .. .. .. 298 314 15 2 Account .. .. .. .. 147 14 2 Balance, Mining District Land Occupation Account Revenue Account .. .. .. 838 16 2 Balance: Loss for year .. .. .. 58,434 18 3 £357,588 9 7 £357,588 9 7 ORAKEI BLOCK ACCOUNT. Trading and Profit and Loss Account for the Year ended 31st March. 1938. Dr. £ s. d. Cr. £ s< <]. Land on hand at cost, plus expenses of subdivision, Sales: Net .. .. .. ..10 153 19 3 roading, &c., as at Ist April, 1937 .. .. 353,749 18 8 Land on hand at cost, plus expenses of subdivision, Cost of land taken on charge during year .. 4,675 10 6 roading, &c., as at 31st March, 1938 .. .. 348,635 13 2 Surveys and contingencies— £ s. d. Commission paid to land-agents .. 293 7 6 Insurance premiums .. .. 2 4 0 Building repairs .. .. 12 18 0 Rates .. .. .. .. 22 16 7 Legal expenses .. .. ..2100 Valuation expenses .. .. 7 7 2 359 13 3 Gross profit transferred to Profit and Loss Account 4 10 0 £358,789 12 5 £358,789 12 5 £ s - d. £ s. d. Administration expenses .. .. .. 142 4 0 Gross profit .. .. ~ .. .. 4100 Depreciation reserve: Buildings .. .. 77 18 6 Accrued interest, deferred payments .. .. 2,533 19 11 Interest on purchase-money .. .. .. 5,362 8 8 Accrued rent .. .. .. .. 538 1] 4 Interest on expenditure under section 417, Native Balance: Net loss transferred to Crown Lands Land Act, 1909 .. . .. .. 14,632 5 0 Account .. .. .. .. .. 17,138 7 5 Rebate granted .. . . .. .. 0 12 6 £20,215 8 8 £20,215 8 8 Balance-sheet as at 31st March, 1938. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Crown Lands Account .. .. 353,973 17 3 Land at cost, plus expenses of subdivision, roadLand for Settlements Account .. 46,286 14 2 ing, &o. .. .. .. .. 348,635 13 2 400,260 11 5 £ s. d. Rent Adjustment Account .. .. 104 13 4 Buildings .. .. .. 2,597 10 0 Less depreciation reserve .. 669 5 2 _ i 4 io Debtors for — D.P. instalment principal .. 507 2 0 D.P. interest .. .. 2,881 3 6 Rent .. .. .. 32 10 0 Sales of land.. .. .. 45,779 12 2 49,200 7 8 Interest, Adjustment Account .. .. 600 19 1 £400,365 4 9 £400,365 4 9

3—B. 1 FPT. TV] SUP. TO 1938.

17