B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year Ended 31st March, 1947 £ Cr. £ Administration expenses .. .. .. .. .. 95 Interest on sales .. .. .. 3 0 47 Interest written off .. .. .. ~ ~ 1 Rent .. '' * • • > Rebates .. .. .. ~ ~ ~ 19 '' '' '' '' '' " " 0 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. ~ ~ ~ 3 075 £3,190 £3,190 . , 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, 1947. Profit and Loss Appropriation Account for the Year Ended 31st March, 1947 t> ■ ® r ' £ Balance carried forward : Profit earned to 31st March, 1947 .. 231,047 I Balance brought forward .. .. .. .. ..227,972 Profit for year transferred .. .. .. ~ 3 ; 075 £231,047 £231,047

20