21

0.—9

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT —continued. Balance-sheet as at 31st March, 1927 —continued. L labilities—continued. Assets —continued. £ s. d. £ s. d. Brought forward .. .. 21,485,678 4 0 Brought forward .. .. 17,863,326 19 8 Charges and expenses raising loans .. 145,000 0 0 Losses in Suspense Account .. .. 216,121 19 3 Revaluation Board determinations — Reductions inmortgagc £ s. d. value .. .. 913,553 2 0 Interest written off .. 220,101 4 7 Remission of interest .. 161,292 8 0 Rents written off .. 199 3 4 Revaluation Committee expenses . . .. 29,633 8 5 Revaluation Board expenses .. .. 10,640 15 0 1,335,420 1 4 Revenue Account—Net loss, 31st March, 1927 1,190,337 511 Investments in Public Debt Redemption Account at 31st March, 1927 .. .. 36,201 17 1 Cash in Public Account, £ s. d. 31st March, 1927 .. 224,482 2 10 1 mprests outstanding .. 7,404 4 8 Investment Account .. 467,383 13 3 — 699,270 0 9 £21,485,678 4 0 £21,485,678 4 0 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. The following comments are appended : (1) The accounts have been compiled from unaudited journal entries of the various Land Boards pending the completion of the local examinations by the Audit Inspectors. (2) The only assets verified are cash in Public Account, Imprests outstanding, and liabilities for loans and accrued interest thereon. (3) The accounts do not include a charge for any portion of Government subsidy to Superannuation Funds. (4) The interest charged in the account on the loans from Consolidated Fund (£13,500,000) is subject to adjustment when the necessary legislation is obtained to authorize the amount of certain losses to be written off.—G. F. C. Campbell, Controller and Auditor-General. LAND FOR SETTLEMENTS ACCOUNT (DISCHARGED SOLDIERS SETTLEMENT ACCOUNT). Receipts and Payments Account for the Year ended 31st March, 1927. Receipts. \ Payments. £ s. d To Balance at Ist April, 1926— £ s. d. £ s. d. j By Acquirement of estates .. .. .. 603 11 11 Cash in Public Account .. 20,414 14 8 I Administration expenses ... .. .. 1,710 13 3 Imprests outstanding .. ' 858 710 j Expenditure under section 20 (4), Discharged Investment Account .. 50,000 0 0 j Soldiers Settlement Amendment Act, 1923, — 71,273 2 6 j in respect of amount added to capital value 54 0 0 Receipts—- Land for settlement of discharged soldiers— Rents, &c. .. .. .. .. 71,835 12 6 ! Vote " Expenses" .. .. .. 2,658 1 I Sales.. .. .. .. .. 3,566 18 3 : Mount Pisa Estate .. .. .. 168 4 3 Interest on sales .. .. .. 431 1 11 Road access, &c., to settlements .. .. 5,468 9 1 Miscellaneous .. .. .. .. 238 01 j Refunds of revenue . . . . .. 573 7 9 Section 49 (2), (3), Land for Settlements Act, ] Public Revenues Act, 1926, section 40— 1925 —Amount received in respect of | Temporary transfers to other accounts .. 20,000 0 0 settlement land converted into national- i Balance at 31st March,l927 — £ s. d. endowment land .. .. .. 54 0 0 Cash in Public Account .. 23,273 11 6 Mount Pisa Estate .. .. .. 225 17 4 | Investment Account .. 95,000 0 0 Interest on securities and investments .. 1,885 6 3 — 118,273 11 6 £149,509 18 10 | £149,509 18 10 Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 1,759 4 8 By Accrued rents, &c. .. .. .. 85,428 9 2 Improvements to settlements (Vote Ex- Interest on sales.. .. .. .. 86 12 6 penses) .. .. .. .. 2,621 3 1 Interest on investments .. .. .. 2,894 4 4 Interest on loans .. .. .. 132,043 5 9 Balance carried down .. .. .. 64,261 1 7 Irrecoverable rents . . .. .. 5,597 I 1 Loss on working of estates .. . . 183 16 6 Losses under Deteriorated Lands Act, 1925— £ s. d. Reduction in value of land 1,988 11 2 Rents written off .. 226 15 6 2,215 6 8 Miscellaneous expenses .. .. .. 65 4 0 Rebates .. .. .. .. 4,648 19 8 Remissions of rents, &e. .. .. .. 3,536 6 2 £152,670 7 7 j £152,670 7 7 £ s. d. ; £ s. d. To Balance brought down .. .. .. 64,261 1 7 By Balance carried forward .. .". .. 289,351 17 1 Balance from previous years .. .. 225,090 15 6 £289,351 17 1 £289,351 17 I