C.- —4.

SWAMP LAND DRAINAGE SCHEME —continued. Balance-sheet as at 31st March, 1941. Liabilities. Assets. Capital Account— £ £ Kaitaia Drainage Area— £ i Public Works Fund .. .. .. 498,832 Allocated cost of work on which rates are Less Loans Redemption Account .. 405 levied— 498,427 Rural Subdivision .. .. •• 60,000 Reserve: Repayment of capital costs— Town Subdivision .. .. ■■ 8,200 Kaitaia Drainage Area — £ ~ ' Rural Subdivision .. .. 4,174 Excess cost of works not recoverable .. 1b4,i()l Town Subdivision .. .. 570 Interest Account: Amount chargeable to area 4,744 capitalized to 31st March, 1940 .. 168,958 Waihi Drainage Area — £ 333,059 Pukehina Subdivision .. 404 Waihi Drainage AreaLess capital liability Allocated cost of work on which rates are remitted .. .. 167 levied — 237 Pukehina Subdivision .. .. •• 5,000 Kaikokopu Subdivision .. 606 Kaikokopu Subdivision .. .. 843 Central Subdivision .. .. .. 4b, 3b7 Poukawa Drainage Area .. .. 1,171 " 58.867 Less capital liability .. .. 289 Excess cost of works not recoverable .. 28,643 . 882 Interest Account: Amount chargeable to area 6,469 and capitalized to 31st March, 1940 .. 48,576 77 91Q Rate Accounts — ' Special Rate Accounts : Capital— Poukawa Drainage Area— Kaitaia Drainage Area— Drainage-works .. .. ■■ 17,440 Rural Subdivision .. .. 1,997 Interest Account: Amount chargeable to area 1,472 Town Subdivision .. .. 100 ' 2,097 Hikurangi Drainage Area — Waihi Drainage Area— Drainage-works .. .. ..259,087 Kaikokopu Subdivision .. .. 285 Less amount written off .. . . 184,388 Pukehina Subdivision .. .. 448 Poukawa Drainage Area .. .. 400 74, bJ. 3,230 Interest Account: Amount chargeable to area General Rate Accounts : Maintenance — and capitalized to 31st March, 1940 .. 163,068 Kaitaia Drainage Area — ' Rural Subdivision .. .. 1,610 Mangawai Drainage Area— Town Subdivision .. .. 174 Drainage-works .. . . •• 1,87b 1 ; 784 Interest Account: Amount charged to works Waihi Drainage Area— ' to 31st March, 1939 .. .. .. 1,606 Pukehina Subdivision .. 1,083 ' T" Central Subdivision .. .. 1,049 ~ Kaikokopu Subdivision .. 309 Less amount written off .. .. 3,484 2,441 Poukawa Drainage Area .. .. 639 Harihari Drainage Area 4,864 Drainage-works .. .. 4,35.) Sundry creditors— Interest Account : Amount chargeable to area Miscellaneous .. .. .. .. 28 and capitalized to 31st March, 1940 .. 3,429 Departmental .. .. .. .. 7 7,784 35 Unpaid purchase-money on land sold on deterred Rents charged in advance .. .. .. .. 95 payment . . .. .. • • 'J® Payments in advance: Rates .. .. .. 1 Buildings .. .. .. •• 1 Buildings Suspense .. .. .. .. 229 Buildings: Loading .. .. Drainage Works Suspense .. .. .. .. 713 Plant and machinery .. .. .. ■■ 3,068 Writings-off in Suspense .. .. .. .. 5,286 Loose tools .. .. ■■ ■■ Treasury Adjustment Account .. .. .. 365,951 Stores on hand .. .. .. ■■ ■■ ',585 Motor-vehicles .. .. .. •. • • 1 Sundry debtors for Rates — Drainage Area. Capital. Maintenance. Kaitaia .. .. 24,504 10,496 35,000 Waihi .. .. 2,850 2,476 5,326 Poukawa .. .. 1,428 253 1,681 Sundry debtors — Rent under section 4 (2), Swamp Land £ Drainage Amendment Act, 1926 .. 117 House rents . . . . • • • • 2 Law-costs .. .. • • 1,097 Miscellaneous .. .. .. ■ • 11 Departmental . . .. ■ • ■ • '"J 1,337 Maintenance-costs (Hikurangi) .. . • • ■ 434 Premiums on conversion .. .. ■ • • • 51 Revenue Account —Waihi Drainage Area: Central Subdivision .. .. .. .. 16,914 General Revenue Account .. .. •• 10,135 Losses in Suspense .. .. • • ■ ■ 5,286 Interest accrued but not due .. .. • ■ 10 Cash in transit from Post Office . . .. • ■ 137 £885,300 £885,300 Note. —Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rate Accounts and interest on the balance of the expenditure was capitalized, but, in terms of Treasury Instruction No. 81, Treasury agreed that thereaftei interest on irrecoverable expenditure need not be brought into the accounts. R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate Accounts 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 departmental note enfaced thereon and to the explanatory notes dealing with Departmental Accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— Cyril Collins, Controller and AuditorGeneral.

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