B—l [Pt. IV]

HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ Gr. £ Administration expenses .. .. .. .. .. 113 Gross profit on sales of land .. .. .. .. .. 300 Miscellaneous expenditure .. .. .. .. .. 3 Interest on sales .. . . .. .. .. 3,198 Rebates .. .. .. .. .. .. .. 21 Rent .. .. .. .. .. .. .. 43 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. .. .. .. .. 3,404 £3,541 £3,541 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made for rent charged in advance of, or interest accrued to but not payable at, 31st March, 1946. Profit and Loss Appropriation Account for the Year ended 31st March, 1946 Dr. £ Gr. £ Balance carried forward: Profit earned to 31st March, 1946 .. 227,972 Balance brought forward .. .. .. .. .. 224,568 Profit for year transferred .. .. .. .. 3,404 £227,972 £227,972

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