B—l [Pt. IV]

SMALL FARMS SCHEME— continued DISCHARGED SERVICEMEN'S SECTION— continued Balance-sheet as at 31st March, 1945

Liabilities Assets Loan capital— £ £ Land— £ £ National Development Account .. .. 436,613 Leased .. .. .. .. .. 60,465 Land for Settlements Account .. .. .. 963, 680 Purchase-price of areas being developed, including 1,400,293 value of Crown and other land set aside .. 895,107 Subsidies— —— 955,572 Employment Promotion Fund .. .. .. 6,979 Blocks under development— Consolidated Fund .. .. .. .. 18,339 Gross capital expenditure on development .. 189,397 25,318 Expenditure on live-stock and farm working .. 170,612 Land set aside for small farms— Chattels .. .. .. .. .. 37,263 Crown lands .. .. .. .. 3,673 397,272 Education endowment land .. .. .. 928 Compensation for land taken (recoverable on selection) .. 80,406 4,601 Advances to mortgagors— Creditors: Miscellaneous (departmental, &c.) .. .. 13,300 Current Account— £ Payments in advance: Rent .. .. .. .. 8 Improvements .. .. .. 200 Accrued interest on capital on blocks being developed .. 53,928 Stock and chattels .. .. . . 2,528 Writings off in Suspense .. .. .. .. 2,215 2,728 Treasury Adjustment Account .. .. .. .. 68,370 Instalment mortgage .. .. .. .. 8,556 11,284 Dairy companies' shares .. .. .. .. 29 Debtors— Rent .. .. .. .. .. 181 Principal: Instalment mortgage .. .. 50 Interest— Instalment mortgage .. .. 108 Current Account .. .. .. 79 lB7 Miscellaneous (departmental, &c.) .. .. 2,158 2,576 Rent Adjustment Account .. .. .. .. 322 Interest Adjustment Account .. .. .. .. 60 Interest unrecouped on development expenditure ~ .. 53,928 Losses in Suspense Account .. .. .. .. 2,215 War Expenses Account concessions : Rent .. .. 81 Revenue Account: Balance carried forward .. .. 64,288 £1,568,033 £1,568,033

64