B.—l [Px. IV].

LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1926. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. Land .. .. .. .. .. 8,913,338 15 7 Loan Account .. .. 8,515,401 2 8 Land purchased under Hutt Loans redeemed from Con- Valley Lands Settlement Act, £ s. d. solidated Fund .. 92,499 18 4 1925 .. .. .. 158,311 1 11 Crown land included in Sundry expenditure in opening estates ... .. 208,428 0 0 up land .. .. .. 33 3 7 Sales of Crown land .. 1,730,680 4 0 Interest on purchase price .. 5,785 15 0 10,547,009 5 0 Interest on loans .. .. .. .. 106,679 19 1 164,130 0 6 Deposits by lessees of Crown land under sec- Less sales of land .. .. 10,960 0 0 tion 208, Land Act, 1924 .. .. 7,232 17 1 153,170 0 6 Unpaid miscellaneous services—Clifton Estate 5,487 11 6 Timber on Tupurupuru Settlement .. .. 500 0 0 Payments in advance — Advances.. .. .. .. .. 135 10 2 Rents .. .. .. .. .. 7,440 19 8 Unpaid purchase price (not yet payable) of Interest on sales of settlement land .. 2 13 buildings .. .. .. .. 86,588 14 3 Principal instalments on sales of settlement Plant and machinery .. .. .. 3,385 0 0 land .. .. .. .. .. 907 14 0 Furniture and fittings—Land Purchase Board.. 27 0 0 Principal instalments on sales of Crown land 840 17 2 Mechanical office appliances—Lund Purchase Principal instalments on buildings .. .. 215 8 9 Board .. .. .. .. .. 23 0 0 Sundry creditors — Clifton Estate— Public Works Fund .. 40 0 0 Stock and implements .. .. .. 18,247 7 9 Miscellaneous .. .. 11,658 8 9 Improvements .. .. .. .. 2,940 6 4 Miscellaneous —Clifton .. 2,815 17 1 Workings, Suspense .. .. .. 9,724 0 3 14,514 510 Opening up Crown land for settlement (amount Public Works Department rent .. .. 43 0 0 set aside, including interest, under section 47, Fire loss, Suspense Account .. .. 287 16 5 Land for Settlements Act, 1925) .. .. 601,740 3 3 Suspense Account—Teviot Estate .. .. 24 9 3 Hutt Valley Lands Settlement Account .. 13,556 4 7 Suspense Account —Credit to be allocated in Sundry debtors for— £ s. d. accordance with Hutt Valley Lands Settle- Rents, &c. .. .. 111,991 6 11 ment Act, 1925 .. .. .. .. 2,596 4 7 Less reserve for irrecoverable Rents written ofi Suspense Account .. .. 9,308 2 2 rents .. .. .. 2,500 0 0 Rent due but not yet accrued .. .. 104,081 17 9 109,491 611 Depreciation Reserve .. .. .. 815 16 0 Principal instalments on buildings .. 4,187 18 3 Sinking Fund .. .. .. .. 1,190,123 1 4 Insurance premiums, rates, &c. .. .. 85 17 4 Reserve Account, including unexpended loading Sales of Crown land (not yet payable) .. 262,525 7 9 for roads .. .. .. .. 716,493 2 1 Principal instalments .. .. .. 11,070 2 1 Balance of Revenue Account .. .. 132,634 1 2 Interest on sales .. .. .. 3,509 0 5 Sales of settlement land (not yet payable) .. 455,203 13 4 Principal instalments .. .. . . 8,554 3 6 Interest on sales .. .. .. 3,914 0 2 Royalties .. .. .. .. 50 7 6 Coal, rents, and royalties .. .. .. 51 11 0 Interest on investments .. .. .. 1,702 137 Stock, &c., Teviot Station .. .. 699 5 3 Miscellaneous .. . . .. .. 1,106 14 9 Postponed rent .. .. .. .. 93,117 7 7 Postponed principal instalments .. .. 1,657 2 5 Interest accrued but not due .. .. 6,107 13 7 Rents, &c., written off Suspense Account .. 9,308 2 2 Reduction in capital value of £ s. d. land by Revaluation Board 598,330 11 3 Rents written off by Revaluation Board .. .. 99,775 16 1 Remissions of rent, &c., by Revaluation Board .. 42,198 16 6 Revaluation Committee's expenses .. .. .. 7,423 18 1 747,729 1 11 Sinking Fund — Section 4, Finance Act, 1919 56,557 14 5 Section 26, State Advances Act, 1913 .. .. 1,133,565 6 11 1,190,123 1 4 Cash in Public Account .. 679 15 1 Imprests outstanding ... 5,488 I 6 Investment Account .. 127,000 0 0 133,167 16 7 £12,846,738 10 1 £12,846,738 10 1 J. B. Thompson, Under-Secretary of Lands. J. H. O'Donnell, Controller for Accounts. 17th December, 1926. 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) In the case of the District Land Offices of North Auckland, Auckland, Taranaki, Poverty Bay, Wellington, Nelson, Marlborough, and Canterbury the departmental figures have been accepted pending the completion of the local examination by the Audit Inspectors. .... _(2) The accounts do not include any charge for interest on capital derived from the sale of Crown lands. (3) No charge for interest and depreciation of buildings has been made against the Clifton Estate. (4) The Reserve Account (£716,493) should be dissected to show its composition. (5) The accounts do not include a charge for any portion of the Government subsidy paid to the Superannuation Fund. - G. P. C. Campbell, Controller and Auditor-General.

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