B—l [Ft. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land for Settlements Account) Revenue Account foe the Year ended 31st March, 1946 Dr. £ Or. £ Interest on accumulated funds (£464,832) .. .. .. 18,593 Interest on funds in Land for Settlements Account (£162,093) .. 6,484 Administration expenses .. .. .. .. .. 717 Rents, &c. .. .. .. .. .. .. 18,209 Rebates ... .. .. .. .. .. 1,461 Interest on sales of land and buildings . . .. .. 1,082 Remissions of rent and interest .. .. .. .. 15 Balance: Profit for year carried down .. .. .. 4,989 j £25,775 £25,775 £ £ Transfer to Reserve Account .. .. .. .. 4,989 Balance brought down .. .. .. .. .. 4,989 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or interest accrued to but not payable at, 31st March, 1946. Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ Capital: Accumulated Fund .. .. .. .. 464,832 Cash paid to Land foi Settlements Account .. .. .. 164,014 Reserve Account .. .. .. .. .. 29,126 Land— £ Rents paid in advances .. .. .. .. .. 19 Leased .. .. .. .. .. 302,107 Unleased .. .. .. .. .. 325 302,432 Sales debtors (not yet payable)— Land .. . . .. .. .. 26,679 Buildings .. .. .. .. .. 124 26,803 Sundry debtors : Rents and interest . . .. .. 708 Postponed rent .. .. . . . . .. .. 20 £493,977 £493,977 D. M. GrREiG, Under-Secretary for Lands. G. I, Beeson, Chief Accountant,

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