C.—s

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1940—continued. Assets.

7

j General. J Cheviot. Hutt Valley. Total. Land Account— £ 8 . d. £ s. d. £ a. d. £ s. d. Estates leased .. .. .. .. .. 9,845,373 8 2 327,513 9 8 Estates unlet .. .. .. .. .. 324,145 13 5 325 0 0 34,855 0 0 10,169,519 1 7 327,838 9 8 34,855 0 0 10,532,212 11 3 Land Laws Amendment Act, 1929—• Land leased .. .. .. .. . . 131,143 10 0 Land unlet .. .. .. .. .. 8,856 10 0 140,000 0 0 .. .. 140,000 0 0 Provisional State forest .. .. .. .. 3,158 6 6 .. .. 3 158 6 6 10,675,370 17 9 Buildings on estates (unsold) .. .. .. 6,550 29 .. .. 6,550 2 9 Capital expenditure on estates.. .. .. . . 750 0 0 .. .. 750 0 0 Unpaid purchase-price (not yet payable)— Buildings on Crown lands .. .. .. 49,824 2 1 195 0 8 Building on estates .. .. .. .. 92,760 11 10 Sales of settlement land .. .. .. 360,943 19 10 17,461 5 4 99,964 11 4 Sales of Crown lands .. .. 594,150 4 5 Land Laws Amendment Act, 1929 — Buildings .. .. .. .. .. 1,212 18 9 Sales of land .. .. .. .. 14,430 I 3 1,113,321 18 2 17,656 6 0 99,964 11 4 1,230,942 15 6 Realization Account .. .. .. .. 6,321 11 4 .. .. 6 321 11 4 Hutt Valley estates — Purchase.. .. .. .. .. .. 164,981 11 6 Roading and incidental expenses .. .. . . 228,728 9 11 Interest .. .. .. .. .. .. 81,666 3 8 475,376 5 I Less deductions under section 11 (2) (a), Finance Act, 1932.. .. .. .. .. .. 475,376 5 1 Railway Department: Balance unpaid on area taken for .. . . 26,389 8 0 26.389 8 0 workshops Advances on mortgage — Land Laws Amendment Act, 1929 — Current account : Crown lands .. .. .. 124,995 14 11 Current account: Settlement lands .. ,. 31,311 0 7 Instalment mortgage : Crown lands .. .. 65,885 10 6 Instalment mortgage: Settlement lands .. .. 10,916 7 6 233,108 13 6 Less proceeds held in seasonal advances accounts to 3,635 13 2 meet charges 229,473 0 4 .. .. 229,473 0 4 Deteriorated Lands Act, 1925— Current account .. .. .. .. 2,308 4 4 Instalment mortgage .. .. .. .. 3,211 7 5 5,519 11 9 5,519 11 9 Advances for roading of endowment lands under section 47, Land for Settlements Act, 1925— Wanganui River Trust .. .. .. .. 1,901 3 3 Otago University Endowment .. .. . . 1,449 16 11 3,351 0 2 3,351 0 2 Land Laws Amendment Act, 1929 : Expenditure on development of Crown and settlement lands— Crown lands .. .. .. .. .. 53,539 7 4 Settlement lands .. .. .. .. .. 239,683 0 1 293,222 7 5 .. .. 293,222 7 5 Interest on capital expenditure: Land-development .. 68,901 10 3 . . .. 68,901 10 3 Plant and machinery.. .. .. .. .. 3,835 0 0 Less depreciation reserves thereon .. .. .. 3,452 18 6 382 1 6 | 382 1 6 I Carried forward .. .. .. .. 12,040,470 11 9 I 345,494 15 8 ! 161,208 19 4 12,547,174 6 9