B—l [Pt. IV

HUTT VALLEY LAND SETTLEMENT ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities Assets £ Moneys provided by Land for Settlements Account for— £ £ Land on hand .. .. .. .. .. .. 1,180 Purchase of land .. .. .. .. 164,982 Sales debtors (not yet payable) .. .. .. 65,744 Street-formation .. .. .. .. 206,888 Sundry debtors— Incidental expenses .. .. .. .. 21,858 Instalment— £ Principal .. .. .. .. .. 3,446 393,728 Interest .. .. .. .. .. 1,973 Interest on capital provided .. .. .. 81,666 Rents .. .. .. .. .. 87 5,506 475,394 Profits transferred to Railways Department— Less deduction under section 11 (2) (a) of the Hutt Profits realized in cash and paid to Railways DepartValley Land Settlement Act and section 11 (2) of ment .. .. .. .. .. 125,969 Finance Act, 1932 .. .. .. .. 475,394 Balance unpaid on area taken for workshops .. 26,389 152,358 Instalments paid in advance .. .. .. .. 15 Land for Settlements Account: Funds in hand available for Profit and Loss Appropriation Account .. .. .. 227,972 disposal under section 11 of Finance Act, 1932 .. .. 3,199 £227,987 £227,987 D. M. Greig-, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

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