B—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year Ended 31st March, 1949 Capital. Maintenance. Capital. Maintenance. Dr. £ £ Or. £ £ Remissions .. .. .. .. ... 1,540 1,275 Balance as at Ist April, 1948 .. .. .. 5,535 8,943 Transfer to Reserve Fund .. .. .. 1,807 .. Rates struck for 1948-49 year .. .. .. 10,510 11,511 Interest on capital cost .. .. .. 8,148 .. Penalty (10 per cent.) added to rates .. .. 107 109 Cost of maintenance .. .. .. .. .. 19,941 Remissions, transferred to Revenue Account .. 1,526 1,261 Balance as at 31st March, 1949 .. .. .. 6,183 7,201 Subsidy on maintenance costs .. .. .. .. 6,593 £17,678 £28,417 £17,678 £28,417 Revenue Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Interest on loan capital .. .. .. .. .. 17,121 Accrued rent .. .. .. .. .. .. 210 Depreciation on buildings .. .. .. .. .. 295 Interest on capital cost recoverable by rates .. .. .. 8,148 Losses written off— £ Balance, transferred to drainage works not recoverable expenditure 11,847 Plant .. .. .. .. .. .. 2 Maori rates .. .. .. .. .. 2,787 2,789 £20,205 £20,205

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