B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION Revenue Account for the Year Ended 31st March, 1947 Dr. " Or. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. .. 4,853 Loan capital .. .. .. .. 73,283 Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 Current Account mortgage .. .. .. 3,259 74,843 Instalment mortgage .. .. .. .. 16,195 Rent payable .. .. .. .. .. .. 413 Share-milkers' loans .. .. .. ... 72 Rebates .. .. .. .. .. .. .. 1,538 Miscellaneous .. .. .. .. .. 574 Accident compensation .. .. .. .. .. 284 20,1.00 Miscellaneous expenses .. .. .. .. .. 124 Interest on disposal of land and improvements .. .. 380 Losses on realization of advances to small farms occupiers .. 1,069 Interest accrued on loan to Napier Harbour Board .. .. 1,662 Capital losses on revaluation, reallotment, &c. .. .. 471 Interest on development expenditure recouped .. .. 99,168 Balance: Profit for year carried down .. .. .. 48,880 Rebates on superphosphate .. .. .. .. 112 Profit on disposal of developed blocks .. .. .. 1,347 £127,622 £127,622 £ " Balance: Loss brought forward from 31st March, 1946 .. 235,378 £ Profit for year brought down .. .. .. .. 48,880 Balance : Loss to 31st March, 1947, carried forward .. .. 186,498 £235,378 £235,378 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.

66