B.—i [Pt. Tv;

SWAMP LAND DRAINAGE SCHEME—continued Balance-sheet as at 31st March, 1944 Liabilities ' Assets Capital Account— £ £ £ Kaitaia Drainage Area— £ £ Loan capital .. .. ~ .. 498,320 Allocated cost of work on which rates are Less Loans Redemption Account 70 levied— Less Land for Settlements Account 530 Rural subdivision .. .. .. 60,000 600 Town subdivision .. .. .. 8,200 —497,720 68,200 Reserve : Repayment of capital costs — Excess cost of works not recoverable .. 164,300 Kaitaia Drainage Area— £ Interest Account: Amount chargeable to Rural subdivision .. 5,704 area capitalized to 31st March, 1940 .. 168,958 Less capital remitted 353 —• 333' 258 5,351 Waihi Drainage Area—• Town subdivision 780 Allocated cost of work on which rates are —-—j- 6,131 levied— Waihi Drainage Area— Pukehina Subdivision.. .. .. 5,000 Pukehina Subdivision . . 554 Kaikokopu Subdivision .. .. 7,500 Less capital liability Central Subdivision .. .. .. 46,305 remitted.. .. 167 58,805 387 Excess cost of works not recoverable .. 28,594 Kaikokopu Subdivision 831 Interest Aocount: Amount chargeable to 1,218 area capitalized to 31st March, 1940 .. 48,576 Poukawa Drainage Area .. .. 1,682 - . 77 170 Less capital liability re- Poukawa Drainago Area— mitted .. .. .. 289 Drainage works .. .. .. 17,494 1 > 393 Interest Account: Amount chargeable to area 1,393 ■ 8,742 18,887 Rate accounts— Hikurangi Drainage Area—■ Special rate accounts: Capital— Drainage works .. .. .. 260,195 Kaitaia Drainage Area— Less amount written off .. .. 184,389 Rural subdivision .. .. 1,975 Town subdivision .. .. 219 75,806 2,194 Interest Account: Amount chargeable to Waihi Drainage Area— area capitalized to 31st March, 1940 .. 163,068 Kaikokopu Subdivision .. 375 238 Pukehina Subdivision .. 626 Mangawai Drainage Area—■ 1,001 Drainage works .. .. .. 1,878 Poukawa Drainage Area .. .. 657 Interest Account: Amount chargeable to 3,852 works to 31st March, 1939 .. .. 1,606 General rate aocounts : Maintenance— Kaitaia Drainage Area—■ 3 434 Rural subdivision .. .. 2,354 Less amount written off .. .. 3^484 Town subdivision .. .. 338 — 2,692 Harihari Drainage Area— Waihi Drainage Area— Drainage works .. .. .. 4,355 Pukehina Subdivision .. 844 Interest Account: Amount chargeable to Central Subdivision .. .. 263 area capitalized to 31st March, 1940 .. 3,429 Kaikokopu Subdivision . . 150 7 734 1,257 Unpaid purchase-money on land sold on deferred payment 688 1 oukawa Drainage Area .. .. 1,189 Buildings .. .. .. ~ 1,145 — 5,138 Buildings: Loading .. .. .. .. 159 Sundry creditors .. .. . . .. .. 216 Plant and machinery .. .. .. .. 1 312 Rents charged in advance .. . . .. . . 96 Looso tools .. .. .. .. '56 Payments in advance: Rates .. .. .. 1,007 Stores on hand .. .. .. ,1, . ggg Buildings Suspense .. .. .. .. 159 Motor-vehicles .... .. ~ .. 50 Drainage Works Suspense .. .. .. .. 688 Sundry debtors for rates— Writings-ofif in Suspense .. .. .. .. 767 Drainage Capital. Maintenance. Treasury Adjustment Account .. .. .. 370,718 & £ Kaitaia .. .. 10,019 4,852 14,871 Waihi .. .. 2,449 1,811 4,260 Poukawa ... .. 2,728 649 3,377 Sundry debtors— Rent under section 4 (2), Swamp Land £ Drainage Amendment Act, 1926 .. 85 Law-costs .. .. .. .. 368 House rents . . .. .. .. 4 Departmental . . .. .. .. 92 549 Revenue Account—Waihi Drainage Area : Central Subdivision .. .. . . .. .. 21 341 General Revenue Account .. .. .. 24,057 Suspense Account—Capital rates remitted: Kaitaia Drainage Area .. .. .. .. 12,475 Losses in Suspense .. .. .. .. 767 Interest accrued but not due .. .. .. 10 Cash in transit from post-office .. .. .. 109 £889,103 £889,103 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 Instructions No. 81, Treasury agreed that thereafter 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]. —J.. P. Rutherford, Controller and AuditorGeneral.

37