B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 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) .. .. .. .. 52,502 Street-formation .. . . .. .. 206, 888 Sundry debtors— Incidental expenses .. .. .. .. 21,858 Instalment— £ Principal .. .. .. .. .. 3,191 393,728 Interest .. .. .. .. .. 1,455 Interest on capital provided .. .. .. 81,666 Rents .. .. .. .. .. 47 4,693 475,394 Profits transferred to Railways Department— Less deduction under section 11 (2) (a) of the Hutt Profits realized in cash and paid to Railways Valley Land Settlement Act and section 11 (2) of Department .. .. .. .. . . 140,968 Finance Act, 1932 .. .. .. .. 475,394 Balance unpaid on area taken for workshops .. 26,389 Balance due .. .. .. .. .. .. 167,357 Instalment paid in advance .. .. .. .. 3 Losses in Suspense .. .. .. .. .. 1 Writings-off in Suspense .. .. .. .. .. 1 Land for Settlements Account: Fund in hand available for Profit and Loss Appropriation Account .. .. .. 231,047 disposal under section 11 of Finance Act, 1932 .. .. 5,318 £231,051 £231,051 D. M. Greig, Under-Secretary for Lands. Y. -T. H. Pledger, A.R.A.N.Z., Chief Accountant.

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