B—l [Pi. IV]

/ Balance-sheet as at 31st March, 1948 i A ssets Liabilities _, , .. ..1,180 Money's provided by Land for Settlements Account f° W2, ' S»te Tbtore (not yet payailc) «•*» Purchase of land .. •• •• 206' 888 i Sundry debtors— „ Street-formation Instalment— * Incidental expenses Zl ' Principal 393,728 Interest .. .. •• ' CJ Interest on capital provided .. •• 81 > 666 Rents .. •• 3,883 ah- on I I Profits transferred to Railways Department—n ~ tt i.A ' Profits realized in cash and paid to Railways Less deduction under section 11 (2) (a) of the Hutt Department .. •• •• ..155,719 Valley Land Settlement Act and section (2) of gg4 Balance unpaid on area taken for workshops . . 26,389 Balance due .. •••• • • 3 Losses in Suspense .. • • .■• "" Instalment paid m advance .. •• •• 27 Land for Settlements Account: Fund in hand available ior Writings-off in Suspense .. .. •• •• " <m *qi disposal under section 11 of Finance Act, 1932 .. J ,)U Profit and Loss Appropriation Account .. .. \. ' g 62] £233,621 | ' , "ILLZ'., D. M. Greig, Under-Secretary for Lands. V. J. H. Pledger, A.R.A.N.Z., Chief Accountant.

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