LAND FOR SETTLEMENTS ACCOUNT— continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land for Settlements Account) Kevenue Account for the Year ended 31st March, 1945

Dr. £ Gr. ■ £ Interest on accumulated funds (£464,497) .. .. .. 18,580 Interest on funds (£159,193) in Land for Settlements Account .. 6,368 Administration expenses .. .. .. .. .. 733 Rents, &c. .. .. .. .. .. ... 14,840 Rebates.. .. .. .. .. .. .. 1,472 Interest on sales of land and buildings .. .. - .. 1,430 Remissions of rent and interest .. .. .. .. 26 Balance : Profit for year carried down .. .. .. 1,827 £22,638 £22,638 £ £ Transfer to Reserve Account .. .. .. TT" 1,827 Balance, brought down .. .. .. .. ..1,827 Balance-sheet as at 31st March, 1945 Liabilities £ . Assets ' - £ ... Capital: Accumulated Fund ... .. 464,832 Cash paid to Land for Settlements Account .. .. .. 162,093 Reserve Account .. .. .. .. .. 24,137 Land— £ Rents, &c., accrued but not due .. .. .. .. 3,558 Leased .. .. .. .. .. 302,107 Rents paid in advance .. .. .. .. .. 17 Unleased .. .. .. ~ .. 325 302,432 Sales debtors (not yet payable)— Land .. .. .. .. .. 27,080 Buildings .. .. .. .. .. 138 27,218 Sundry debtors : Rents .. .. .. . . .. 398 Postponed rent .. .. .. .. . . .. 30 Interest accrued but not due .. .. .. .. 373 £492,544 £492,544 ' K,. Gr. Macmorran, Under-Secretary for Lands. - G. I. Beeson, Chief Accountant.

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B—l [Pt. IV]