8.—15b

6

This excess is equal to 4s. lOd. per cent, on the value of improvements, which are over 50 per cent, of unimproved value, thus:— Unimproved value ... ' ... ... ...' ... ... £606,067 Improved value ... ... ... ... ... ... 969,133 Difference ... ... ... ... ... ... £363,066 4s. lOd. per cent, on this is equal to, say, £875. Staff. I have nothing special to report in this connection further than that the officers have in all cases carried out their duties efficiently during the past year. Waltee G. Fostee, General Manager. Approximate Cost of Paper.— Preparation, not given ; printing (1,400 copies), £i 17s.

By Authority : John Mackay, Government Printer, Wellington.—lB9B.

Price, 6d.]