B—l [Pt. IV]

Land-development Sundry debtors for— Land set aside: Section 8, Land Laws Amendment Rents, instalments, water levies, &c. .. .. 6,777 Act, 1929— Postponed charges . . .. .. .. 15 Areas under development— Departmental and miscellaneous .. .. 1,426 Crown lands .. .. .. .. 40,433 8,218 Settled areas— Realization Account .. .. .. .. .. 4,705 Crown lands .. .. .. .. 34,115 Deposits held by dairy companies .. .. 1,147 Primary education endowment lands .. 178 Less reserve . . .. .. .. 230 74,726 917 Rents and interest charged in advance .. .. .. 1,049 Subsidies in respect of blocks disposed of .. .. 386 Payments in advance : Rents and instalments .. .. 1,738 Unrecouped interest on development expenditure .. 137,503 Free capital from— Interest accrued but not due .. .. .. .. 1,871 Employment Promotion Fund .. .. 21,346 Improvements unsold account blocks .. .. .. 2,888 Consolidated Fund .. .. .. .. 30,975 52,321 Deteriorated Land Act, 1925 Accrued interest on capital expenditure .. .. 137,503 Mortgage outstandings— Suspense Account .. .. .. .. .. 58 Current Account .. .. . . . . 513 Sundry creditors: Departmental and miscellaneous .. 2,511 Instalment mortgage .. .. .. 3,176 Free capital on blocks realized .. .. .. 386 3,689 Sundry debtors for interest and principal instalments .. 102 Deteriorated Land Act, 1925 Interest accrued but not due .. .. .. .. 22 Suspense Account .. .. .. .. .. 47 £12,423,825 £12,423,825 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Revenue Account 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 B-l [Pt. IY] and to the following comments : (1) the Cheviot Estate accounts do not include a credit for interest on assets comprising cash and certain securities held by the estate at Ist April, 1930, nor a debit in respect of interest thereon paid to the Consolidated Fund in terms of section 19 of the Finance Act (No. 2), 1930. These entries have been passed through the Land for Settlements Account (General) only ; (2) the audit of the accounts of the Otago Land District is not yet completed— J. P. Rutherford, Controller and Auditor- General.

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