B—l [Pt. IV]

SMALL FARMS SCHEME EX-SERVICEMEN'S SECTION Revenue Account for the Year Ended 31st March, 1947 Dr. £ Cr. £ £ Interest on capital: Loan capital .. .. .. .. 184,840 Rents receivable .. .. .. .. .. .. 12,969 Rebates .. .. .. .. .. .. 6 Interest receivable— Accident compensation .. .. .. .. .. 483 Current Account mortgage .. .. .. 25 Remissions of rent .. .. .. .. ~ 65 Instalment mortgage .. .. .. .. 152 Losses on disposal of properties to ex-servicemen— £ Miscellaneous .. .. .. . . .. 345 Ascertained loss for year .. .. 13,316 522 Less recovered from reserve for losses on develop- Interest on disposal of land and improvements .. .. 24,928 ment of land for ex-servicemen .. .. 13,316 Interest on development expenditure recouped .. .. 37,692 ———— .. Balance: Loss for year carried down .. .. .. 109,284 Rents, &c., written off . . .. .. .. 1 £185,395 £185,395 £ £ Loss to 31st March, 1946 .. .. .. .. .. 133,749 Balance: Loss to 31st March, 1947 .. .. .. 243,033 Balance : Loss brought down .. .. .. .. 109,284 £243,033 £243,033 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 rent or interest accrued to but not payable at, 31st March, 1947. Balance-sheet as at 31st March, 1947 Liabilities Assets £ Capital accounts: Liability to Consolidated Fund Leased land .. .. .. .. .. 325, 775 under section 6, National Development Loans Blocks under development— Act, 1941, for funds provided by— £ £ Purchase-price of areas being developed, includPublic Works Account .. .. 887,150 ing value of education endowment land set £ Land for Settlements Account .. .. 4,403,224 aside .. .. .. .. .. 3,507,604 5,290,374 Gross capital expenditure on development .. 1,247,523 Reserve for losses on development of land for Expenditure on live-stock and farm working .. 783,942 ex-servicemen .. .. .. .. 450,000 Chattels .. .. .. .. .. 182,679 Less losses recovered .. .. .. 13,316 436,684 5,721,748

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