B.—l [PT. IY, Sup.] .

ELLESMERE AND FORSYTH RECLAMATION AND AKAROA RAILWAY TRUST ACCOUNT. (PUBLIC WORKS FUND.) (Section 383, Land Act, 1924.) Income and Expenditure Account for the Year ended 31st March, 1925. Expenditure. £ s. d. Income. £ s. d. To Expenditure under section 6, Ellesmere By Rents from Crown lands .. .. 1,807 15 1 Land Drainage Act, 1905 — Interest on loans raised by Board, due but unpaid .. .. 439 5 0 Rebates of rent .. .. 145 11 1 Remission of rent .. .. 0 16 4 Expenditure on construction and maintenance of Lincoln - Little River Railway .. .. 1,052 8 5 Balance, being excess of income over expenditure, transferred to Accumulated Fund .. .. .. 169 14 3 £1,807 15 1 £1,807 15 1 Balance-sheet as at 31st March, 1925. Liabilities. Assets. Sundry creditor*, for interest under see- £ s. d. Sundry debtors, for rents charged in ad- £ s. d. tion 6, Ellesmere Land Drainage Act, vance .. .. .. .. 60 6 11 1905 .. .. .. .. 439 5 0 Treasury Adjustment Account .. .. 8,078 1 2 Rents from Crown lands— Charged in advance .. .. .. 448 5 4 Paid in advance .. .. .. 3 0 0 Accumulated Fund .. .. .. 7,247 17 9 £8,138 8 1 £8,138 8 1 J. J. Gibson, Accountant, Public Works Department. Bth June, 1925. I hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby, except that no administration charges have been paid. —G. F. C. Campbell, Controller and Auditor-General.

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