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DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. STATEMENT OF TRANSACTIONS FOR YEAR ENDED 31st MARCH, 1920. Receipts and Payments Account. Dr. ._ s. d. Cr. £ S. d. To Cash in hand, Ist April, 1 HI9 .. 219,769 4 9 By Live and dead stunk purchases .. 57,273 13 0 Debentures issued .. .. 8,445,000 0 0 Mortgage Accounts—■ Reserve Fund securities — Advances —■ Advance from Ordinary Revenue Current Ac- £ s. d. Account .. .. .. 800,000 0 0 count 033,1.63 0 3 Live and dead stock—Sales .. 9,226 9 4 Farms, &c. 4,502,320 17 5 Mortgage Accounts— Dwellings, &c. 2,697,028 13 8 Repayments of ■ —— 7,832,512 11 4 principal and Reserve Fund securities repaid .. 800,000 0 interest—• £ s. d. Management expenses .. .. 20,000 0 0 Current Account 68,486 18 7 Exchange on Reserve Fund securiFarms, &c. .. 47,857 2 0 ties .. .. .. 3,015 6 6 Dwellings, &c. .. 94,248 4 4 Interest on debentures (on account) 30,000 0 0 210,592 4 11 Suspense Account .. .. 96,350 5 0 Valuation fees .. .. 27,904 9 6 Fire Loss Suspense Account .. 2 10 0 Suspense Account .. .. 131,715 6 4 Purchase and maintenance of Fire Loss Suspense Account .. 602 10 0 motor-cars and plant, &c. .. 3,039 19 1 Sundries .. .. .. 118 10 11 Travelling-expenses of supervisors 731 1.2 8 Valuation expenses .. .. 26,358 7 10 Sundries .. .. .. 387 3 7 Cash in hand at 31st March, 1920 975,254 6 9 £9,844,925 15 9 £9,844,925 15 9 Revenue Account. Dr. Cr. To Consolidated Fund—'lnterest on de- £ s. d. By Interest on Advances— £ s. d. £ s. d. bentures and advances .. .. 144,681 2 9 Current Account Management expenses .. .. 20,000 0 0 mortgages .. 25,789 8 7 Maintenance and upkeep of plant . . 488 8 4 Instalment mortgages— Travelling-expenses of Supervisors .. 731 12 8 Farms, orchards, &<;. 81,830 12 (i Loss on forfeited, holdings .. 962 8 0 Dwellings, business Valuation expenses .. .. 672 6 7 premises, &o. .. 54,231 10 8 Depreciation of motor-cars and trac- 161,851 11 9 tors, &c. .. .. .. 616 16 10 Miscellaneous .. .. .. 1,029 610 Exchange .. .. .. 515 6 6 Net loss carried down .. .. 5,805 9 6 Miscellaneous expenditure.. .. 18 6 5 £168,686 8 1 £168,686 8 1 By Balance from previous year . . 1,035 1 5 To Net loss for year .. .. 5,805 9 6 Balance .. .. .. 4,770 8 1 £5,805 9 6 £5,805 9 6 Balance-sheet as at 31st March, 1920. Liabilities. £ s. d. Assets. £ s. d. Loan Acoount—Debentures issued .. 9,345,000 0 0 Advances on mortgage— £ s. d. Consolidated Fund—lnterest paid .. 136,235 710 Current Account 919,162 7 2 Sundry creditors .. .. .. 300,628 5 3 Farms, orchards, Suspense Aooount .. .. .. 23,902 17 9 ko. .. ..4,830,296 12 8 Kealization Suspense Account .. 263 11 9 Dwellings, business premises, &c. .. 2,927,237 11 II — 8,676,696 11 9 Interest accrued and outstanding on mortages as at 31st March, 1920 .. 108,594 8 6 Forfeited holdings not yet liquidated . . 2,284 3 10 Sundry debtors .. .. .. 219 19 I Exchange on Reserve Fund securities.. 2,500 0 0 Machinery and plant,—■ Motor-cars .. 1 ,478 18 10 Motor-tractor . . 450 0 0 Motor-garages . . 20 0 0 —————— 1,948 18 10 Stock on hand as at 31st March, 1920— Wire .. .. 5,766 5 II Iron .. .. 359 18 0 Live-stock .. . . 26,767 19 9 Building-material .. 50 0 2 Grass-seed .. .. 817 I II 33,761 5 9 Cash in hand, 31st Maroh, 1920 .. 975,254 6 9 Revenue Account .. .. .. 4,770 8 1 £9,806,030 2 7 £9,806,030 2 7 T. N. Brodrick, Under-Secretary for Lands. J. H. O'DONNELL, Chief Accountant.

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