B.—l [PT 4 IY] #

LANDS AND SURVEY DEPARTMENT—continued. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Revenue Account toe the Year ended 31st March, 1926. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 184 14 6 By Balance brought forward from previous year .. 2,480 14 3 Deductions for loans under section 47 of the ' Accrued rents .. .. .. .. 7,372 12 8 Land for Settlements Act, 1915 .. .. 158 J 0 Accrued royalties .. .. .. .. 102 4 2 Amount paid to Otago University under the Otago University Act, 1904 .. .. 7,076 13 9 Amount paid to Dunedin Athenseum under the Otago Museum Act, 1877 .. .. 87 16 0 Reserve Account—Appropriation of revenue for amounts repaid to Consolidated Eund on account compensation for improvements .. 83 14 0 Balance carried forward .. .. .. 2,364 11 10 £9,955 11 1 £9,955 11 1 Receipts and Payments Account tor the Yeae ended 31st March, 1926. Receipts. Payments. £ s. d. To Cash in hand, Ist April, 1925 — £ s. d. £ s. d. By Deductions for loans under section 47 of the In Local Bodies' Deposit Bank Land for Settlements Act, 1925 .. .. 158 1 0 Account of the Receiver of Administration expenses .. .. .. 184 14 6 Land Revenue, Dunedin .. 2,104 6 7 Repayments to Consolidated Fund on account In Local Bodies' Deposit Bank amount paid for compensation for improveAccount of the Receiver of ments .. .. .. .. .. 62 15 0 Land Revenue, Invercargill 633 10 10 Amount paid to the Otago University under the 2,737 17 5 Otago University Act, 1904 .. .. 7,076 13 9 Rents .. .. .. .. 7,357 15 2 Amount paid to the Dunedin, Athenaeum under Royalties .. .. .. .. 102 4 2 the Otago Museum Act, 1877 .. .. 87 16 0 Cash in hand, 31st March, 1926— In Local Bodies' Deposit Bank Account of the Receiver of £ s. d. Land Revenue, Dunedin .. 1,968 8 0 In Local Bodies' Deposit Bank Account of the Receiver of Land Revenue, Invercargill 659 8 6 2,627 16 6 £10,197 16 9 £10,197 16 9 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 156,416 0 0 Land .. .. .. .. .. 154,551 0 0 Consolidated Eund—For compensation paid for Sundry debtors for rent .. .. .. 1,613 19 9 improvements effected by lessees on endowment Rent postponed .. .. .. .. 208 13 0 land .. .. .. .. .. 728 11 0 Sundry debtors for unpaid purchase price of buildRents charged in advance .. .. .. 2,020 19 0 ings (not yet due) .. .. .. .. 448 12 6 Reserve Account .. .. .. .. 83 14 0 Sundry debtors for principal instalments on buildRevenue Account—Balance carried forward .. 2,364 11 10 ings .. .. .. .. .. 37 12 1 Reductions in capital value by the Revaluation Board .. .. .. .. .. 1,865 0 0 Rent written off by the Revaluation Board .. 261 2 0 Cash in hand, 31st March, 1926— In Local Bodies' Deposit Bank Account of the Receiver of Land £ s. d. Revenue, Dunedin .. ..1,968 8 0 In Local Bodies' Deposit Bank Account of the Receiver of Land Revenue, Invercargill .. 659 8 6 J 2,627 16 6 £161,613 15 10 £161,613 15 10 J. B. Thompson, Under-Secretary for Lands. 17th December, 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 Otago and Southland District Land Offices submitted for audit, and correctly state the position as disclosed thereby.—Gr. F. C. Campbell, Controller and Auditor-General.

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