B—l [Pt, IV]

Liabilities Assets Capital— £ £ Land— £ £ Loan capital .. .. .. .. 1,706,474 Leased .. .. .. .. .. 86,552 Consolidated Fund .. .. .. .. 39,000 Unleased .. .. .. .. .. 5,334 Purchase-price of areas being developed, including 1,745,474 value of Crown and other lands set aside .. 239,094 Less funds in Land for Settlements Account .. 2,073 330,980 1,74 3,401 Blocks under development— Subsidies— Gross capital expenditure on development .. 1,743,672 Employment Promotion Fund .. .. 476,015 Expenditure on live-stock and farm working .. 230,679 Consolidated Fund .. .. .. .. 529,615 Chattels (including store buildings) .. .. 34,417 1,005,630 2,008,768 Loan from Social Security Fund .. .. .. 3,161 Loan to Napier Harbour Board— Land donated .. .. .. .. .. 368 Ahuriri Lagoon .. .. .. .. 35,467 Land set aside for small farms— Accrued interest .. .. .. .. 7,093 Crown lands .. .. .. .. 65,199 42,560 Education endowment lands .. .. .. 2,998 Water-supply schemes: Headworks .. .. .. 11,044 68,197 Advances to small farm occupiers— Rent accrued: Crown Lands Account .. .. .. 131 Current Account— £ Creditors— Improvements .. .. .. 23,121 Rent .. .. .. .. .. 81 Stock and chattels .. .. 38,671 Miscellaneous (departmental, &c.) .. 9,456 61,792 9,537 Instalment mortgages .. .. .. 328,828 Water-supply Account: Maintenance .. .. .. 1,445 390,620 Profits on blocks disposed of (not finalized) .. .. 778 Advances under share-milking agreements .. .. 2,447 Payments in advance— Realization Account: Leased areas in course of Rent .. .. .. .. .. 297 realization .. .. .. .. .. .. 12,842 Principal— £ Losses on blocks disposed of (not finalized) .. .. 206 Instalment mortgages .. .. 194 Debtors— Share-milkers' loans .. .. 45 Rents .. .. .. .. .. 1,575 239 Principal— £ Interest— Instalment mortgages .. .... 741 Instalment mortgages .. .. 348 Share-milkers' loans .. .. 264 Share-milkers' loans . . .. 1 1,005 Current Account .. .. .. 1 Interest— 350 Instalment mortgages .. .. 1,969 Water levies .. .. .. .. 8 Share-milkers' loans .. .. 51 894 Current Account .. .. .. 1,812 Accrued interest on capital on blocks being developed . . 257,989 -—— 3,832 Rent Adjustment Account .. .. .. .. 1,016 Water levies .. .. .. .. 754 Writings off in Suspense .. .. .. .. 8,896 Miscellaneous (departmental, &c.) .. .. 3,247 Capital Reserve: Special assets taken over at book value.. 39,453 10,413 Treasury Adjustment Account .. .. .. .. 381,979 Carried forward .. .. .. 3,522,875 Carried forward .. .. .. .. 2,809,880

Balance-sheet as at 31st March, 1945

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