C.— 5

LAND FOR SETTLEMENTS ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1940.

5

J General. J Cheviot. j Hutt Valley. Totai. Dr. Interest On- £ s. d. £ s. d. £ s . d. £ s. d. Loan capital liability .. .. .. .. .. 421,817 13 10 5,632 2 7 .. 427 449 16 5 Capital from proceeds of sales of Crown lands .. .. 93,847 15 3 .. 93' 847 15 3 Value of Crown lands in estates .. .. .. .. 8,479 9 7 .. 8 479 9 7 Cheviot Estate: Accumulated Fund transferred .. .. 11,656 0 5 8,957 16 5 18 613 16 10 Deposits by lessees: Seotion 208, Land Act, 1924 .. .. 469 17 8 .. '459 17 g Sundry charges re loans— Stamp duty 011 transfer of stock .. .. .. .. 268 12 7 .. .. 268 12 7 Recoupment of management charges of New Zealand consoli- 1,296 17 6 '' | 296 17 6 dated stock Proportion of premium on loans conversion .. .. 7,426 5 1 .. ,, 7 420 g j Administration expenses— Estates •• •• •• •• 9,138 6 1 702 13 10 940 3 2 10 781 3 1 Land Laws Amendment Act, 1929 .. .. .. 807 15 3 .. '807 jg Rebates— Rents, &c., from estates .. .. .. .. 31,578 6 2 1,335 12 8 14 3 5 32 928 2 3 Rents, &c., under Land Laws Amendment Act, 1929 . . 809 15 11 . . '809 15 11 Remissions of rent and interest— Land Board recommendations .. .. .. .. 8,757 1 1 110 12 1 118 2 8 879 1 4 Under Mortgagors and Lessees Rehabilitation Act, 1936 .. 51,686 9 3 1,350 16 8 34 10 7 53'o71 16 6 Irrecoverable rents, &c., transferred to Suspense Accounts— Rents, &c., from estates .. . . .. . , 3,198 6 2 . . 29 19 11 3 228 6 1 Rents, &c., under Land Laws Amendment Act, 1929 .. 328 3 9 .. '328 3 9 Deficiency on disposal of development blocks.. .. .. 347 9 3 ., 347 g 3 Miscellaneous expenditure on estates .. .. .. 408 19 0 .. 1 14 0 410 13 0 Compensation for injuries incurred on development works .. 90 18 0 .. 90 18 0 Audit fees .. .. .. .. .. .. 250 0 0 !! " 250 0 0 Salaries.. .. .. .. .. .. .. 1,000 0 0 .. 1 000 0 0 Travelling-expenses .. .. .. . . .. 70 4 2 .. ' 70 4 2 Telephone services .. .. .. . . .. 15 0 0 .. ' 15 0 0 Depreciation of plant, &c. .. .. .. .. .. 193 3 6 .. 193 3 Capital reduction : Mortgagors and Lessees Rehabilitation Act, 1936 •• •• •• •• 5,583 2 5 .. .. 5 583 2 5 Depreciation on land-values .. .. .. .. 189,727 14 11 .. 189'727 14 II Interest on development expenditure erroneously recouped in 6,346 1 7 .. 6 346 I 7 previous years Balance carried down .. .. .. .. .. .. 1,163 0 I 20,218 2 0 21,381 2 I £855,599 8 5 £17,252 14 4 £21,250 I 3 £894,102 4 0 £ s - d. £ s. d. £ s. d. £ s d Balance brought down .. .. .. .. .. 331,269 3 9 .. 331 269 3 9 Transfer to reserve .. .. .. .. .. .. 1,163 0 1 '! ' l'i63 0 1 Transfer to Profit and Loss Appropriation Account .. .. .. 20,21820 2o'2l820 £331,269 3 9 £1,163 0 1 £20,218 2 0 £352,650 5 10 Gr. Rents and royalties— £ g . d. £ s. d. £ s. d. £ s. d. Estates .. .. .. .. .. .. 406,187 9 10 15,982 3 0 141 18 2 422 311 11 0 Land Laws Amendment Act, 1929 .. .. .. 6,000 17 8 6 000 17 8 Interest on sales— A + A' + looo 20,170 16 1 947 11 0 4,983 13 1 26,102 0 2 Land Laws Amendment Act, 1929 .. .. .. 1,065 5 10 I 065 5 10 Interest on development expenditure recovered . . .. 350 3 7 350 3 7 Interest on advances— Land Laws Amendment Act, 1929 .. .. .. 11,185 9 11 H igg 9 jj Deteriorated Lands Act, 1925 .. .. .. .. 268 5 7.. '268 5 7 Interest on loans for roading of endowment lands under section 47, Land for Settlements Act, 1925— Wanganui River Trust Endowment .. .. .. 88 17 8 .. 88 17 8 Otago University Endowment . . .. . . .. 77 2 1 .. 77 2 I Interest on investments .. .. .. .. .. 18,926 3 5 . . 18 990 3 g Interest on investments in Public Debt Redemption Eund .. 59,841 0 3 323 0 4 ! 60 164 0 7 Valuation fees: Sections 7 and 14, Land Laws Amendment Act, 24 2 6 94 9 r 1929 " " Amounts credited to dairy company shares .. .. .. 12 9 0 12 9 0 Miscellaneous .. .. .. .. .. .. 132 13 j32 ] •{ Gross profit on trading .. .. .. .. .. .. " 16,124 10 0 16 124 10 0 Balance carried down .. .. .. .. .. 331,269 3 9 331 269 3 9 £855,599 8 5 £17,252 14 4 £21,250 1 3 £894,102 4 0 Bl . ..I £ s. d. £ s. d. £ s. d. £ s. d. Balance brought down .. .. .. .. .. .. 1,163 0 I 20,218 2 0 21 381 2 1 Transfer from reserve .. .. .. .. .. 154,018 12 8 .. .. 154'oi8 12 8 Balance: Loss to 31st March, 1940 .. .. .. .. 177,250 11 I 177* ">50 II I £331,269 3 9 £1,163 0 1 £20,218 2 0 £352,650 5 10