B—l [Pt. IV]

COMBINED SECTIONS Revenue Account for the Year Ended 31st March, 1947 Dr. I Cr. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. .. 17,822 Loan capital .. .. .. .. .. 258,123 ! Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 ! Current Account mortgage .. .. . . 3,284 259,683 I Instalment mortgage .. .. .. .. 16,347 Rent payable .. .. .. .. .. .. 413 I Share-milkers' loans .. .. .. .. ■ 72 Rebates .. .. .. .. .. .. 1,544 [ Miscellaneous .. .. .. .. .. 919 Accident compensation .. .. .. .. .. 767 ! 20,622 Miscellaneous expenses .. .. .. .. .. 124 ! Interest on disposal of land and improvements .. .. 25,308 Losses on realization of advances to small farm occupiers .. 1,069 j Interest accrued on loans to Napier Harbour Board .. .. 1,662 Capital losses on revaluation, reallotment, &c. .. .. 471 Interest on development expenditure recouped .. .. 136,860 Rents, &e., written off .. .. .. .. 1 Rebates on superphosphate .. .. .. .. 112 Remissions of rent .. .. .. .. .. 65 Profit on disposal of developed blocks .. .. .. 1,347 Losses on disposal of properties to ex-servicexpen— £ Balance : Loss for year carried down .. .. .. 60,404 Ascertained loss for year .. .. .. 13,316 Less recovered from reserve for losses on development of land for ex-servicemen .. .. 13,316 £264,137 £264,137 £ £ Balance: Loss brought forward from 31st March, 1946 .. 369,127 Balance: Loss to 31st March, 1947, carried down .. .. 429,531 Balance : Loss for year brought down .. .. .. 60,404 £429,531 . £429,531 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.

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