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B.—l [Pt. 11l

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Balance-sheet as at 31st March, 1921. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. 19,239,304 0 0 Advances on mortgages— £ s. d. Unpaid interest on loans .. 101,820 5 7 Current Account .. 2,134,308 15 10 Sundry creditors .. .. 51 17 2 Farms, orchards, &c. 8,050,618 010 Suspense Account .. .. 13,201 19 10 Dwellings, businesspreRealization Suspense Account .. 450 7 6 mises, &c. .. 5,137,600 210 Fire Loss Suspense Account .. 2,007 16 0 15,322,526 19 6 Revenue Account .. .. 12,226 7 3 Instalments of principal outstanding— Farms, &c. .. 10,383 8 8 Dwellings, &c. .. 3,088 16 10 13,472 5 6 Instalments of principal postponed .. 477 2 3 Interest outstanding — £ s. d. Current Account .. 55,245 18 2 Farms, &c. .. 63,954 18 2 Dwellings, &c. .. 7,225 19 8 126,426 16 0 Interest accrued but not due .. .. 157,777 15 1 Interest postponed .. 3,050 11 0 160,828 6 1 Interest accrued and unpaid on surplus funds temporarily invested .. .. 14,652 12 9 Forfeited holdings not yet liquidated .. 8,607 4 10 Sundry debtors for stock, &c, supplied .. 10,202 17 2 Expenses of raising loans .. .. 204,500 0 0 Machinery and plant .. .. .. 2,142 13 1 Dead-stock .. .. .. .. 7,470 17 10 Live-stock .. .. .. .. 272 9 3 Sundry estates—Live and dead stock .. 36,274 6 1 Land-improvement—Birdwood Estate .. 527 10 3 Cash in hand —Balance as per Treasury Ac- £ s. d. counts .. .. 3,478,454 8 2 Less accounts paid by imprestees but not cleared in Treasury .. 17,773 15 5 3,460,680 12 9 £19,369,062 13 4 £19,369,062 13 4 Revenue Account for the Year ended 31st March, 1921. Dr. £ s. d. Or. To Interest on loans .. .. 567,774 11 3 By Interest on advances — £ s. d. £ s. d. Expenses of raising loans—-Proportion Current Account written off .. .. .. 10,805 0 7 mortgages .. 77,555 17 6 Management expenses .. .. 25,069 10 0 - Instalment mortgages— Maintenance and upkeep of plant .. 924 15 4 Farms, orchards, Depreciation of plant .. .. 537 7 1 &c. .. .. 351,583 17 7 Travelling-expenses of Supervisors Dwellings, busiand Inspectors .. .. 1,996 5 6 ness premises, Valuation expenses .. .. 13,262 6 5 &c. .. .. 215,675 14 0 Loss on forfeited holdings .. 1,527 8 3 644,815 9 1 Loss on live and dead stock .. 3,066 19 1 Interest on surplus funds temporarily Rebate of interest .. .. 30,366 7 9 invested .. .. .. 28,394 7 0 Remission of interest .. .. 90 0 5 Production fees .. .. .. 55 10 0 Interest written off as irrecoverable 834 4 7 Miscellaneous .. .. .. 13 14 6 Balance .. .. .. 16,996 15 4 £673,265 6 1 £673,205 6 1 £ s. d. £ s. d. To Balance from previous year .. 4,770 8 1 By Net profit for year .. .. 16,996 15 4 Balance .. .. .. .. 12,226 7 3 £16,996 15 4 £16,996 15 4 T. N. Brodrick, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant.

s—B. 1 [Pt. Ill]