B—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st March, 1947 Liabilities £ £ Assets Loan capital .. .. .. .. .. 489,169 Drainage works— £ Less cash to credit of Land for Settlements Account .. 96 Recoverable capital expenditure (section 11, Finance Act, 1937 489,073 (No. 2)) .. .. .. .. .. .. 205,000 Free capital from Employment Promotion Fund .. .. 891 Not recoverable : Capital expenditure and irrecoverable interest 633,955 Reserve Account for repayment of capital cost .. .. 11,551 Plant, machinery, and tools .. .. .. .. 1,348 Unpaid purchase-money for land taken .. .. .. 210 Buildings .. .. .. .. .. .. 2,620 Sundry creditors: Miscellaneous .. .. .. .. 2 Sundry goods .. .. .. .. .. .. 1,769 Payments in advance : Rates .. .. .. .. 23 Sundry debtors— Rate Account— £ Rates— £ Capital .. .. .. .. .. 4,859 Capital .. .. .. .. .. 5,897 Maintenance .. .. .. .. .. .8,377 Maintenance .. .. .. .. 4,935 13,236 Miscellaneous .. .. .. .. .. 355 Writings-off in Suspense .. .. .. .. .. 302 11,187 Treasury Adjustment Account .. .. .. .. 349,284 Cash in transit from post-office .. .. .. .. 7,500 Expenditure from Employment Promotion Fund .. . . 891 Losses in Suspense .. .. .. .. .. 302 £864,572 £864,572 === i .. D. M. Greig, Under-Secretary for Lands. Y. J. H. Pledger, A.R.A.N.Z., Chief Accountant. I hereby certify that the Rate and Revenue Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].—J. P. Rutherford, Controller and Auditor-General.

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