B.—l [PT. IV].

CHEVIOT ESTATE ACCOUNT. Revenue Account foe the Year ended 31st Maech, 1926. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 858 17 3 By Accrued rent .. .. .. .. 19,330 4 1 Rebates granted.. .. .. .. 1,899 6 8 Interest on investments .. .. .. 9,424 9 3 Remissions of rent .. .. .. 23 8 10 Management charges of Inscribed stock .. 37 6 8 Interest on Inscribed stock .. .. 8,841 18 11 Balance carried down .. .. .. 17,093 15 0 £28,754 13 4 £28,754 13 4 £ s. d. £ s. d. To Balance carried forward .. .. .. 255,997 13 3 By Balance brought down .. .. .. 17,093 15 0 Balance from previous year .. .. 238,903 18 3 £255,997 13 3 £255,997 13 3 Balance-sheet as at 31st Maech, 1926. Liabilities. £ s. d. Assets. £ s , <], New Zealand Consolidated Stock .. .. 211,318 0 0 Land .. .. .. .. .. 391,600 0 0 £ s. d. Sundry debtors, for rents .. .. .. 868 13 10 Interest, due on Consolidated Stock — Sundry debtors, for interest on investment .. 11l 5 6 Due and unpaid .. .. 334 5 5 Postponed rent .. .. .. .. 1,333 19 2 Accrued but not due .. ..1,803 8 10 Sinking Fund Account .. .. .. 2,230 4 0 2,137 14 3 Interest accrued but not due on investments .. 2,895 18 1 Rents charged in advance .. .. .. 6,487 11 10 Capital reductions by Revaluation Board .. 1,110 0 0 Sinking Fund Reserve .. .. .. 2,230 4 0 Rents written off by Revaluation Board .. 153 0 0 Capital Reserve Account .. .. .. 127,038 11 0 £ s. d. Balance of Revenue Account.. .. .. 255,997 13 3 Cash in Public Account .. 73,686 13 9 Investment Account .. .. 131,220 0 0 204,906 13 9 £605,209 14 4 £605,209 14 4 J. B. Thompson, Under-Secretary for Lands. lOth November, 1926. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the copies of journal entries of the District Land Office, Christchurch, submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.

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