B.—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account foe the Year ended 31st March, 1944 Capital. tenance. Capital. tenance. Dr. £ £ . Or. £ £ Remissions .. .. .. .. 391 334 Balance as at 31st March, 1943 .-. .. 951 8,755 Transfer to Reserve Fund .. .. 1,468 .. Rates struck for 1943-44 year .. .. 10,488 6,016 Interest on capital cost .. .. 8,487 .. 10 per cent, penalty added to 1943-44 .. 129 73 Cost of maintenance .. .. .. 10,790 Subsidy on maintenance costs .. .. .. 3,929 Balance as at 31st March, 1944 .. .. 1,222 7,649 £11,568 £18,773 £11,568 £18,773 Revenue Account for the Year ended 31st March, 1944 Dr. £ Or. £ Losses written off .. .. .. .. . . 1 Accrued rent, &c. .. .. .. ... .. 366 Interest on loan capital .. .. .. •• 19,567 Interest on capital cost recoverable by rates .. .. 8,487 Balance, transferred to Drainage Works Account .. 10,715 £19,56S £19,568 Receipts and Payments Account for the Year ended 31st March, 1944 Consolidated Consolidated Fund. Fund. Receipts £ Payments £ Miscellaneous revenue— Vote " Lands and Survey " Rates .. .. .. •• •• 17,271 Maintenance completed works .. .. .. 10,543 Miscellaneous .. .. .. .. •• 4,045 Transfer net receipts to Treasury Adjustment Account 10,931 Credits-in-aid : Vote " Lands and Survey " .. 158 £21,474 £21,474 Treasury Adjustment Account for the Year ended 31st March, 1944 Dr. £ Or. £ Receipts and Payments Account .. .. .. 10,931 Balance as at Ist April, 1943 .. .. .. 302,342 Balance as at 31st March, 1944 .. .. ..311,542 Transfer from Swamp Land Drainage Account .. 564 Interest on loan capital .. .. .. .. 19,567 £322,473 £322,473 Balance-sheet as at 31st March, 1944 Liabilities £ A ssets Loan capital .. .. •• •• ..489,169 Drainage works— £ Free capital from Employment Promotion Fund .. 891 Recoverable capital expenditure (section 11, Finance Reserve Account for repayment of capital cost .. 6,763 Act, 1937, No. 2) .. .. .. .. 205,000 Treasury Adjustment Account .. .. .. 311,542 Not recoverable : Capital expenditure and capitalized Unpaid purchase-money for land taken .. .. 210 interest .. .. .. .. .. 594,980 Sundry creditors : Miscellaneous .. .. .. 770 Plant, machinery, and tools .. .. .. 683 Rate Account— £ Buildings .. .. .. .. .. 1,078 Capital .. •• •• 1,222 Survey goods .. .. .. .. .. 1,040 Maintenance .. .. .. ..7,649 Sundry debtors— 8,871 Rates— £ Writings off in Suspense .. .. .. .. 3 Capital .. .. .. .. 7,604 Payments in advance: Rates .. .. .. 21 Maintenance .. .. .. .. 5,888 Law-costs .. .. .. . . 41 Rent .. .. .. .. .. 25 Miscellaneous .. .. .. .. 49 Departmental .. .. .. .. 856 14.463 Cash in transit from Post Office .. .. .. 95 Cash in Deposit Account: Miscellaneous .. .. 7 Expenditure from Employment Promotion Fund .. 891 Losses in Suspense .. .. .. .. 3 £818,240 £818,240 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate and Revenue 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

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