B.—l [PT. IV]

NATIVE DEPARTMENT. NATIVE LAND SETTLEMENT ACCOUNT. Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loan capital .. 151,186 2 8 By Interest on amounts held in Less amount transferred to Investment Account .. 3,519 14 9 blocks as part of purchase Interest on advances to Maori costs .. .. .. .18,536 5 8 Land Boards .. .. 576 10 1 132,649 17 0 Interest on survey liens .. 9,062 2 5 Interest on balance of amount transferred from Interest on unpaid purchase of Maori Land Settlement Account, 1913-14.. 105 9 8 land sold on deferred-pay-ment license .. .. 8,937 9 10 22,095 17 1 Balance transferred to Revenue Account .. 110,659 9 7 £132,755 6 8 £132,755 6 8 Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Balance transferred from Interest Account .. 110,659 9 7 By Rents .. .. .. .. .. 60,803 11 2 Charges on rents — Royalties .. .. .. .. 1,284 17 4 Local Bodies, Thirds, Fourths, £ s. d. Miscellaneous recoveries .. .. .. 180 17 11 and Halves .. .. 5,075 12 8 Balance transferred to Net Revenue Account.. 76,474 4 7 Loan Repayments (Loans raised under Local Bodies Loans Act, 1908, and under Section 47, Land for Settlements Act, 1925, for roading and other expenditure incurred in opening up land for settlements) .. .. 4,527 12 0 9,603 4 8 Rebate of rents .. .. 3,114 7 6 Remissions of rent .. .. 1,495 12 3 Rents irrecoverable .. .. 4,161 15 4 Rents written off under Deteriorated Lands Act, 1925 .. 2,358 15 10 11,130 10 11 Administration Expenses (Lands Department) .. .. 2,948 8 10 Miscellaneous Expenses .. 723 4 1 Purchase and General Administration expenses .. .. 3,449 8 5 7,121 1 4 Loan expenses, stamp duty on transfer of stock and cost of raising loans and management charges of stock .. .. .. 229 4 6 £138,743 11 0 £138,743 11 0 Net Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. f s. d. To Balance at Ist April, 1926 .. .. 469,176 8 6 By Adjustment on account of previous years .. 36,620 17 6 Net loss for the year ended 31st March, 1927. . 76,474 4 7 Balance as at 31st March, 1927 .. .. 509,029 15 7 £545,650 13 1 £545,650 13 1 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. Land— £ s. d. £ s. d. Loan Capital Account .. .. .. 3,648,731 18 5 Blocks fully acquired and proLiability to other accounts — claimed .. .. 1,952,361 5 0 Consolidated Fund — £ s. d. Orakei Block .. .. 165,297 4 10 Interest on amount transferred Blocks partly acquired and from Maori Land Settlement unproclaimed .. .. 512,185 9 5 Account .. .. 105 9 8 Interest and purchase exInterest on loan capital .. 229,114 11 2 penses capitalized on all Maori Land Settlement Account 2,344 011 partly-acquired blocks — 231,564 1 9 Interest .. .. 79,750 13 5 Sundry creditors— Purchase expenses .. 13,153 13 4 Lands Department — 2,722,748 6 Deposits on application to ac- Surveys in progress — quire the freehold .. 11,584 411 Native blocks not acquired, Survey lien (principal) .. 113 0 survey liens to be registered 6,548 12 2 Payments made in advance on Blocks acquired by Crown — account of rents .. .. 1,555 18 10 i Hauhungaroa .. .. 1,216 9 5 Miscellaneous .. .. 6,232 2 10 Urewera .. .. 24,335 1 2 Native Department— " Wharepuhunga .. .. 4,920 17 7 Purchase-money deductions .. 3,561 7 5 Miscellaneous .. .. 4,824 18 9 22,935 7 0 — 41,845 19 1 Carried forward .. .. 3,903,231 7 2 I Carried forward .. .. 2,764,594 5 1

6—B. 1 [PT. IV].

41