B.—l [PT. IV], SUP. TO 1938.

CROWN LANDS ACCOUNT—continued. Balance-sheet as at 31st Mabch, 1938 —continued. Liabilities—continued. Assets—continued* £ :S. d. £ s. d. £ s. d. Brought forward .. .. .. 13,251,967 8 11 Brought forward .. 12,084,296 8 0 Balance of purchasing-price of improvements payable by incoming lessees— Capital ' .. .. 2,073 0 3 Instalments—■ Principal . . .. 118 7 1 Interest . . . . 67 9 6 j 2,258 16 10 | Advances for grass-seed, &c. .. 4,628 14 8 j Orakei Block (vide subsidiary i balance-sheet) .. .. .. 353,973 17 3 McGregor Block .. .. 5,722 15 6 Less depreciation reserve.. 2,491 11 4 3,231 4 2 Expenditure under section 522, Native Land Act, 1931, on areas of Native Land .. 1,331 4 9 Sundry debtors— Rents .. .. .. 159,033 2 8 Royalties .. .. 1,286 8 11 Interest on sales .. 32,556 16 3 Interest on advances .. 53 14 I Realization Account (Discharged Soldiers Settlement Account) .. 78,887 5 1 Miscellaneous advances (Discharged Soldiers Settlement Account) .. 20 15 7 Interest on miscellaneous advances (Discharged Soldiers Settlement Account) .. .. 2 14 3 Tairawhiti Maori Land Board rates received and notpaidtoPublicAccount 264 4 9 Rates on Waiapu Native blocks .. .. 5,569 12 10 Small Farms Scheme, for rents accrued.. .. 143 II 5 Departmental . . .. 2 4 2 Miscellaneous .. .. 2,396 16 3 280,217 6 3 j Interest under section 13, Land Laws Amendment Act, 1926 .. 206,081 3 7 Postponements of rent and ITLt 01*6 Under Land Act, 1924 .. 5,921 6 7 Under Mortgage Relief Acts 1,964 18 3 7,886 4 10 Interest on sales accrued but not due .. 6,367 7 7 | Losses in Suspense .. .. .. 68,876 7 2 | Profit and Loss Account: Orakei Block .. 172, 480 4 3 Revenue : Loss for year carried forward .. 58,434 18 3 Cash — £ s. d. Receiver General's Deposit Account .. .. 41 5 4 Local Bodies' Deposit Account of Receivers of , Land Revenue— Mining district land-oc-cupation leases .. 1, 824 2 8 Thermal Springs District Act, 1910, leases .. 38 3 4 .1,903 II 4 £13,251,967 8 1] £13,251,967 8 II W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Revenue Account and 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 the departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Ft. IV]. The following comments are appended : (1) Expenditure under the New Plymouth Harbour Endowment Act, 1874, totalling £2,249 os. 6d., which is now reflected in the Income and Expenditure Account of the Lands and Survey Department Account, should, in the opinion of the Audit Office, be included in the Revenue Account and shown as a charge against rents; (2) the charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished, as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927 ; (3) in the opinion of the Audit Office, the expenditure from Public Works Fund on Native development areas proclaimed subject to section 522, Native Land Act, 1931, £1,331 4s. 9d., which represents expenditure from Crown Lands Account on assets of the Native-land developmental schemes controlled by the Native Department, should be reflected in the accounts of the schemes ; (4) the provisions of section 537, subsection (5) (a), of the Native Land Act, 1931, have not been complied with in respect of the asset sundry debtors for rates on Native blocks in Waiapu Consolidation Scheme, £5,569 12s. lOd. —J. H. Fowler, Controller and Auditor-General.

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