B—l [Ft. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Administration expenses .. .. .. .. 61 Interest on sales .. .. .. .. .. .. 2,147 Rebates . . . . . . ■ • • • • • • • 18 Rent . . .. . . .. . . . . .. 141 Balance (profit for year), transferred to Profit and Loss Appropriation Account .. .. . . .. 2,209 £2,288 £2,288 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made for rent charged in advance of, or interest accrued to but not payable at, 31st March, 1949. Profit and Loss Appropriation Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Balance carried forward : Profit earned to 31st March, 1949 .. 235,800 Balance brought forward .. .. .. .. .. 233,591 Profit for year transferred . . .. .. .. 2,209 £235,800 £235,800

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