B—l [Ft. IV]

Rate Account for the Year Ended 31st March, 1948 Dr. £ I Cr. £ Maintenance of completed works .. I . . . 3,765 Balance at Ist April, 1947 . . .. .. .. .. .33 Remissions ............ 1 £ Rates levied for 1947-48 .. .. .. .. 3,366 Penalty on 1947-48 rates . . . . .. .. 21 3,387 Balance at 31st March, 1948 . . .. .. . . 346 £3,766 £3,766 Treasury Adjustment Account for the Year Ended 31st March, 1948 Dr. £ Cr. £ Capital Account .. .. .. .... .. 3,002 Balance at Ist April, 1947 .. * .. .. 380,734 Transfer to— Interest on Loan capital .. .. .. .. .. 5,815 Swamp Land Drainage .. .. .. .. .. 39 Lands and Survey Department Account : Administration Lands and Survey Department Account .. .. .. 3 Expenses .. .. .. .. ... .. 246 Balance, 31st March, 1948 .. .. .. .. 389,082 Transfer to Rangitaiki Land Drainage . . .. .. 12 Receipts and Payments .. .. .. .. .. 5,319 £392,126 £392,126

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