SOB—I [PT. m

SMALL FARMS SCHEME— continued - " ' f CIVILIANS' SECTION Revenue Account for the Year Ended 31st March, 1949 Dr. 'cr. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. 5,899 Loan capital .. .. .. .. ..'57,079 Interest receivable— £ Consolidated Fund .. .. .. .. 1,365 Current Account mortgage .. .. .. 2,233 58,444 Instalment mortgage .. .. .. .. 16,229 Rebates . .. .. .. .. .. .. 1,629 Share-milkers' loans .. .. .. .. 28 Remissions of rent .. .. .. .. .. 11 Water-supplies.. .. .. .. .. 428 Rent payable .. .. .. .. .. .. 571 Miscellaneous .. .. .. .. .. 9 Accident compensation .. .. .. .. .. 200 18,927 Miscellaneous expenses • .. .. .. .. .. 65 Interest accrued on loan to Napier Harbour Board .. .. 1,611 Irrecoverable debts written off: Instalment mortgage interest 14 Interest on development expenditure recouped .. .. 46,236 Losses on realization of advances to small farm occupiers .. 866 Rebates on superphosphate .. .. .. .. 130 Balance: Profit for year carried down .. .. .. 11,256 Capital profits on revaluation, reallotment, &c. .. .. 253 £73,056 £73,056 £ £ Loss brought forward from 31st March, 1948 .. .. 187,653 Profit for year brought down .. .. .. .. 11,256 Balance : Profit to 31st March, 1949 .. .. .. 305,007 Losses on disposal of developed blocks shown in error in previous years : Accounts not finally closed .. .« .. 2,899 Remission of interest in terms of section 3, Finance Act (No. 3), 1943 : Interest on Public Works capital to 31st March, 1948 478,505 £492,660 £492,660 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, 1949.

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