B.—i [Pt. IV, Sup. Bj.

68

EDUCATION ENDOWMENT DEPOSIT ACCOUNT. -PR]MAPY. Revenue Account for the Year ended 31st March, 1924. £ s. d. £ s. d. To Loan repayments (principal and in- By Accrued rent, &c. .. .. .. 111,879 13 1 terest), section 63, Land Laws Accrued royalties .. .. .. 883 5 3 Amendment Act, 1913 .. .. 158 12 4 Interest on cash and investments held Administration expenses .. .. 5,806 10 5 j by Public Trustee .. .. 1,184 12 3 Irrecoverable rents .. .. 323 14 1 Balance carried down .. .. 721 2 5 Reserve for irreooverablc ronts , , 100 0 0 Costs of surveys .. ~ ~ 617 4 Remissions of rent , . ~ 201 9 5 Payments for primary-education purposes .. .. .. ~ 108,071 9 5 £114,008 13 0 £114,668 13 0 £ s. d. £ s. d. To Balance brought down .. .. 721 2 5 By Balance from previous years .. 24,614 5 3 Balance .. .. .. .. 23.958 17 0 Adjustment on account of previous years . . . . . . . . 05 14 8 £24,079 19 11 ' £24,679 19 11 Statement of Receipts and Payments for, the Year ended 31st March, 1924. Receipts. Payments. To Balance in Public Account, Ist April, £ s. d. By Payments for primary-education pur- £ s. d. 1923 .. .. .. .. 4,ltd 8 5 poses .. .. .. .. 108,071 9 5 Amounts received under Bduoation Administration expenses .. .. 6,896 7 1 Reserves Amendment Act, 1914 — Refunds of revenue .. .. 36 9 11 Rents, &o. .. .. .. 115,004 0 5 Balance in Public Account, 31st March. Sales .. .. .. .. 10 0 0 1924 .. .. .. .. 4,111 811 £119,115 15 4 £119,115 15 4 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Capital, including loading for roads, &o. 2,294,312 14 5 Land .. .. .. .. 2,207,277 14 8 Sundry creditors—Miscellaneous .. 732 18 0 Unpaid purchase price (not yet payable) Rents paid in advance .. .. 426 4 1 on buildings .. .. .. 1,503 0 7 Royalties paid in advance .. .. 10 .'! 3 £ s. d. Rents written off Suspense .. .. 407 17 7 Sundry debtors, for rents 20,895 (i 8 Revenue Account—Balance.. .. 23,958 17 0 Less reserve for irrecoverable rents .. .. 100 0 0 20,795 0 8 Sundry debtors, for royalties .. 470 15 7 Sundry debtors, for principal instalment on buildings . . , . . . 42 15 11 Sundry debtors —Miscellaneous .. 1,167 10 5 Sundry debtors, for interest on cash and investments .. .. .. 23 I 0 Postponed rent .. .. .. 1,010 4 8 Rents written off Suspense .. .. 407 17 7 Interest accrued, due on investments .. 49 I ti Investments held by Public Trustee .. 5,902 0 0 Cash held by Public Trustee. . .. 10,90110 10 Cash in Public Account. .. .. 4,111 8 11 £2,319,908 14 10 £2,319,908 14 10 J. B. Thompson, Under-Secretary for Lands. J. 11. O'Donnell, Chief Accountant. I hereby certify that the Receipts and Payments Statement, Revenue Account, and balancesheet have been duly examined and compared with the copies of journal entries of the District Land Boards, anil correctly state the position as disclosed, thereby, except that the Revenue Account includes rents due for the period Ist July, 1923, to 30th June, 1924, and that Capital Account is overstated by the total amount the land was loaded for roading, &c, and in the opinion of the Audit Office instalments of principal included in loan repayments should not be a charge against the Revenue Account.- —G. F. C. Campbell, Controller and Auditor-General.