B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year Ended 31st March, 1947 Dr. Cr. £ Expenses of a general nature— £ Revenue of a general nature : Interest on funds in— Interest on capital— Small Farms Account .. .. .. .. .. 172,702 Loans .. .. .. .. .. .. 409,949 Maori Affairs Department Account .. .. .. 1,904 Value of Crown land in estates .. .. .. 8,478 Revenue derived from estates— Accumulated funds of Cheviot Estate .. .. .. 6,561 Rents .. .. .. .. .. .. 357,537 Interest payable under section 208, Land Act, 1924 .. 566 Interest on sales— Audit fees .. .. .. .. .. 250 Land .. .. .. .. .. .. 20,877 Expenses referring to estates— Buildings .. .. .. .. .. .. 3,255 Capital losses on revaluation, reallotment, &c. .. .. 10,943 Miscellaneous interest, &c. .. .. .. .. 65 Administration charges: Salaries, &c. .. .. .. 1,279 Royalties .. .. .. .. .. .. 338 Administration expenses .. .. .. .. 8,709 Land-development revenue— Rebates .. .. .. .. .. .. 31,865 Rents .. .. .. .. .. .. '3,684 Remission of rent, &c. .. .. .. .. .. 6,700 Interest on sales, &c. .. .. .. .. .. 1,190 Rents, &c., written off .. .. .. .. .. 172 Interest on advances .. .. .. .. .. 8,046 Protection of securities : Repairs, &c. .. .. .. 331 Interest earned on sundry blocks farmed by the Department 527 Expenses chargeable to land-development revenue— Miscellaneous . . .. .. .. .. .. 8 Administration expenses .. .. .. .. 305 Revenue derived under the Deteriorated Land Act, 1925 : Rebates .. .. . . .. .. ... 837 Interest on advances .. .. .. .. .. 146 Remissions of rent, &c. .. . . .. .. .. 5 Interest overcharged in previous years : Miscellaneous accounts 1,095 Rents, &c., written off .. .. .. .. .. 691 Compensation for injuries to workmen .. .. .. 14 Miscellaneous ............ 2 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925— Administration expenses .. .. .. .. 5 Rebates .. .. .. .. .. .. 10 Balance : Surplus for year carried down .. .. .. 83,702 £571,374 £571,374 £ * £ Balance brought forward .. .. .. .. .. 194,581 Surplus for year ended 31st March, 1947, brought down .. 83,702 Part interest on capital moneys received from sale of Crown lands Transfer accumulated funds : Cheviot Estate .. .. 31,083 (section 13, Land Laws Amendment Act, 1926) .. .. 83,702 Balance carried forward : Deficiency to 31st-March, 1947 .. 163,498 £278,283 £278,283 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, 1947.

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