B—l [Pt.-IV]

LAND FOE, SETTLEMENTS ACCOUNT —continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land; for Settlements Account) Revenue Account for the Year ended 31st March, 1943 Dr. £ Gr. £ Interest on loan capital .. .. .. .. 6,437 Rents, &c. .. •• •• " Interest on accumulated funds held .. .. •• (>,450 Interest on sales (land and buildings) .. . . . . ' Administration expenses .. .. .. .. 796 Interest on investment in Public Debt Redemption Jnind 40 Rebates .. .. .. .. • • • • 1,506 Remissions of rent and interest .. • • • • 115 Irrecoverable rents written off .. .. ■ ■ 99 Balance (profit for year) oarried down .. .. 1,326 £16,729 £16,729 £ £ Transfer to Reserve Account .. .. .. 1,326 Balance brought down .. .. .. •• 1 ' 326 Balance-sheet as at 31st March, 1943 Liabilities Assets Capital— £ £ Land— 1 Loan capital .. .. .. 160,918 Leased .. .. •• •• Accumulated funds .. .. .. 464,076 Unleased .. ■■ •• • **° 624,994 Sales debtors (not yet payable) — Less cash paid to Land for Settlements Land .. .. .. •• 22,820 Account .. 308,934 Buildings 162 316,060 22,05S Reserve Account .. .. .. •• 19,972 Sundry debtorsRents, &e., accrued but not due .. .. .. 4,897 Principal instalments: Sale of land .. .. f Rents paid in advance .. .. .. .. 18 Interest on sales of land . . . . . . • • jj 1 Rent .. . • • • • • • • ■ ■ Postponed rent . . .. .. • • • • 50 Interest accrued but not due . . .. • • 307 £340,947 £340,947 K. G. Macmorran, Under-Secretary for Lands, G. I. Beeson, Chief Accountant. « HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year ended 31st March, 1943 Dr. £ Cr. £ Administration expenses .. •• •• 1,408 Gross profit on sales of land .. Interest written off .. • . ■ • • • 42 Interest on sales .. .. ■ ■ ■ • • • ' » Rebates .. .. .. • • • • • ■ 23 Rent Remissions .. • . ■ • • • • ■ 1 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. .. ■■ 15,393 £16,867 £16,867 Profit and Loss Appropriation Account for the Year ended 31st March, 1943 Dr. £ ® r - Balance carried forward : Profit earned to 31st March, Balance brought forward .. .. •• •• 1943 .. .. , .. 208,691 Profit for year transferred .. .. • • •• lo,dy,i £208,691 £208^691 Balance-sheet as at 31st March, 1943 Liabilities Assets £ Moneys provided by Land lor Settlements Land on hand .. .. •• •• •• ' j Account for— £ £ Sales debtors (not yet payable) .. •• »0,-oy Purchase of land .. .. .. 164,982 Sundry debtors— £ Street-formation .. .. .. 206,888 Instalment principal .. .. •• USIncidental expenses .. .. .. 21,855 Instalment interest .. .. •• AMb 393,725 Rents.. .. .. 46 Interest on capital provided .. .. •• 81,666 Departmental .. .. .. •• 21,248 475,391 Interest accrued but not due .. •• Less deductions under section 11 (2a) of the Hutt Profits transferred to Railways Department — Valley Land Settlement Act, and section 11 (2) of Profits realized in cash and paid to Railways Finance Act 1932 .. .. .. .. 475,391 Department .. .. •• 49,9bJ Balance unpaid on area taken for workshops 26,389 Balance due .. .. •• •• Nil 76,3j0 Instalments paid in advance .. .. •• 39 Losses in Suspense •• • • • • Rent accrued but not due .. .. .. I Land for Settlements Account: Funds on hand available Writings-off in Suspense .. .. .. •• 42 for disposal under section 11 of Finance Act, IJ.i- .. Profit and Loss Appropriation Account .. .. 208,691 £208,773 £208,773 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

15— B. 1 IPT. IV

17