B—l [Pt. IV]

SMALL FARMS SCHEME— continued COMBINED SECTION— continued Balance-sheet as at 31st March, 1945

Liabilities Assets Capital— £ £ Land— " £ £ National development .. .. .. 2,143,087 | Leased .. .. .. .. .. 147,017 Land for Settlements Account .. .. 961,607 j Unleased .. .. .. .. .. 5,334 Consolidated Fund .. .. .. .. 39,000 Purchase-price of areas being developed, including 3,143,694 value of Crown and other land set aside .. 1,134,201 Subsidies— 1,286,552 Employment Promotion Fund .. ... 482, 994 Blocks under development— Consolidated Fund .. .. .. .. 547,954 Gross capital expenditure on development .. 1,933,069 1,030,948 Expenditure on live-stock and farm working .. 401,291 Loan from Social Security Fund .. .. .. 3,161 Chattels (including store buildings) .. .. 71,680 Land donated .. .. .. .. .. 368 2,406,040 Land set aside for small farms— Compensation for land taken (recoverable on selection) .. 80,406 Crown lands .. .. .. .. 68,872 Loan to Napier Harbour Board— Education endowment lands .. .. .. 3,926 Ahuriri Lagoon .. .. .. .. 35,467 72,798 Accrued interest .. .. .. .. 7,093 Rent accrued: Crown Lands Account .. .. .. 131 42,560 -Creditors—- Water-supply scheme: Headworks .. .. .. 11,044 Rent .. .. .. .. .. 81 Advances to small farm occupiers— Miscellaneous (departmental, &c.) .. .. 22,756 Current Account— £ 22,837 Improvements .. .. .. 23,321 Water Supply Account: Maintenance .. .. .. 1,445 Stock and chattels .. .. 41,199 Profit on blocks disposed of (not finalized) .. .. 778 64,520 Payments in advance— Instalment mortgages .. .. .. 337,384 Rent .. .. .. .. .. 305 401,904 Principal— £ Advances under share-milkers' agreements .. .. 2,447 Instalment mortgages .. .. 194 Dairy company shares .. .... .. .. 29 Share-milkers' loans .. .. 45 Realization Account: Leased areas in course of 239 realization.. .. .. .. .. .. 12,842 Interest— Losses on blocks disposed of (not finalized) .. .. 206 Instalment mortgages .. .. 348 Debtors— Share-milkers' loans .. .. 1 Rents .. .. .. ~ 1,756 Current Account .. .... 1 Principal— £ 350 Instalment mortgage .. .. 791 Water levies .. .. .. 8 Share-milkers' loans .. .. 264 902 1,055

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