8,-1 [Pt. IV, Sup, A|.

20

LAND FOR SETTLEMENTS ACCOUNT DISCHARGE J) SOLDIERS SETTLEMENT ACCOUNT. Revenue Account for the Year ended 3Jst March, 1923. Dr. £ 8. d. j Cr. £ s. d. Interest on loans .. .. .. 139,178 5 7 ' Accrued rents, &c. .. .. .. 124,389 5 8 Rebates of rent .. .. .. 1,547 14 1 Profit on plant—Launch .. .. 23 3 6 Remissions of rent .. .. .. 843 17 5 Profit on farming operations .. .. 3,927 16 11 Rents written off Suspense .. .. 876 7 7 Interest on purchase price, Mataikona Reserve for irrecoverable rents.. .. 750 0 0 Settlement .. .. .. 3,238 10 0 Refunds of rent .. .. .. 430 2 5 Balance carried down.. .. .. 25,360 12 10 Insurance premiums .. .. .. 1 15 8 Sinking Fund reserve.. .. .. 9,980 3 4 Inquiry Board expenses .. .. 1,262 4 6 Administration expenses .. .. 1,103 18 4 Land Purchase Controller—Expenses of Boards, &c. .. .. .. 915 0 0 Access to settlements—Vote " Expenses " 50 0 0 £156,939 8 11 £156,939 8 11 £ s. d. £ s. d. Balance brought down .. .. 25,360 12 10 Balance .. .. .. .. 49,983 710 Balance from previous year .. .. 24,622 15 0 £49,983 7 10 £49,983 7 10 Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. 3,222,050 0 0 Land .. .. .. .. 2,942,782 17 9 Accrued interest on loans .. .. 1£,425 15 0 Unpaid purchase price (not yet payable) Sundry creditors— on buildings . . .. . . 90,213 14 3 Rents in advance .. .. .. 182 211 Unpaid purchase price (not yet payable) Deferred-payment principal itistal- on crops, hay, &c... .. .. 121 0 0 ments .. .. .. .. 78 10 0 Plant and machinery . . .. 100 0 0 Interest on loans .. .. .. 80 0 0 Mount Pisa Estate—Land, buildings, Miscellaneous .. .. .. 1,448 510 stock and chattels, &c. .. .. 36,784 8 2 Unpaid miscellaneous services—Mount Sundry debtors for £ s. d. Pisa .. .. .. .. 2,177 8 11 Rents, &c. .. 141,148 19 7 Reserve Account, including unexpended Less reserve for irreloading for roads, &c. .. .. 97,355 19 4 coverable rents .. 750 0 0 Sinking Fund reserve .. .. 15,563 4 8 1 0,398 19 7 Rents written oif Suspense .. .. 1,6511111 Interest on investments .. .. 169 1 3 Principal instalments on buildings .. 4,378 7 0 Instalments on deferred payment ». 215 10 0 Sales of land .. .. .. 15,066 12 6 Insurance premiums .. .. 49 10 4 Interest on purchase price, Mataikona Estate.. .. .. .. 9,715 10 0 Miscellaneous .. .. .. 944 8 11 Postponed rent .. .. .. 34,126 18 6 Sinking Fund .. .. .. 15 ,563 4 8 Balance of Revenue Account .. . . 49,983 710 Cash in Public Account, £ s. d. 31st March, 1923 .. 8,207 17 11 Imprests outstanding, 31st March, 1923 .. 2,516 18 1 10,724 16 0 Cash in transit —Mount Pisa .. .. 22 19 11 Rents written off Suspense .. .. 1,651 11 11 £3,353,012 18 7 £3,353,012 18 7 J. B. Thompson, Under-Secretary for Lands. J. IT. O'Donnell, Chief Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that— (1.) The Revenue Account includes rents due to 30th June, 1923. (2.) The accounts have been compiled from copies of journal entries of the District Land Offices sent to Head Office. (3.) The only assets verified are Cash in Public Account and imprests outstanding, and liabilities for loans and accrued interest thereon. (4.) Part interest on loan capital and sinking-fund instalments have been paid out of loan-moneys. (5.) The transactions of the Mount Pisa Estate should be shown in the form of a separate account. G. F. C. Campbell, Controller and Auditor-General. Note.- -Rents for one year only have been included in the Revenue Account. They are all payable half-yearly in advance on various due dates, and it has not been the practice to apportion th em . j H. O'Donnell, Chief Accountant, Department of Lands.