B>.—l< [PT. IV], SUP. TO 1940.
LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1940—continued. Assets.
38
General. Cheviot, Hutt Valley. Total. Land Account — £ £ £ £ Estates leased .. .. .. .. .. .. 9,845,374 327,513 Estates unlet .. .. . . ' .. .. .. 324,146 325 34,855 10,169,520 327,838 34,855 10,532,213 Land Laws Amendment Act, 1929— Land leased .. .. .. .. .. ■. J 31,144 Land unlet . . .. .. .. .. • • 8,85(i 140,000 .. 140,000 Provisional State Forest .. .. .. .. .. 3,159 .. .. 3,159 10,075,372 Buildings on estates (unsold) .. .. .. .. 6,550 .. 6,550 Capital expenditure on estates .. . . . . • • 750 .. . . 750 Unpaid purchase-price (not yet payable)— Buildings on Crown lands .. .. .. .. 49,824 195 Buildings on estates .. .. .. .. .. 92,701 Sales of settlement land .. .. .. .. .. 360,944 17,461 99,965 Sales of Crown lands .. . . .. • . . . 594,150 Land Laws Amendment Act, 1929 — Buildings .. .. .. .. •• .. 1,213 Sales of land .. .. .. •• .. 14,430 1,113,322 17,656 99,965 1,230,943 Realization Account .. .. .. .. .. 6,322 .. .. 6,322 Hutt Valley estates— Purchase . . .. . . • • ■ • • • 164,982 Roading and incidental expenses .. .. .. .. 228,728 Interest .. .. •• •• 81,666 475,376 Less deductions under section 11 (2) (a), Finance Aet, 1932 475,376 Railway Department: Balance unpaid on area taken for .. . . 26,389 26,389 workshops Advances on mortgage — Land Laws Amendment Act, 1929 — Current Account: Crown lands .. .. .. 124,996 Current Account: Settlement lands .. .. .. 31,311 Instalment mortgage: Crown lands .. .. .. 65,886 Instalment mortgage: Settlement lands .. .. 10,916 233,109 Less proceeds hold in seasonal advances accounts to meet 3,636 charges 229,473 .. .. 229,473 Deteriorated Lands Act, 1925 — Current Account .. .. .. • . ■ • 2,308 Instalment mortgage .. .. .. .. .. 3,212 5,520 .. .. 5,520 Advances for reading of endowment lands under section 47, Land for Settlements Aet, 1925— Wanganui River Trust .. .. .. .. 1,901 Otago University Endowment .. .. .. 1,450 3,351 .. 3,351 Carried forward .. .. .. .. •• 11,677,967 345,494 .161,209 • 12,184,670