B.—l [PT. IV].

NATIVE DEPARTMENT—continued. NATIVE LAND SETTLEMENT ACCOUNT —continued. Balance-sheet as at 31st March, 1927—continued. Liabilities—continued. Assets—continued. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 3,903,231 7 2 Brought forward .. .. 2,764,594 5 1 Outstanding purchase-money, land Unpaid purchase-money on land acquired for exchange purposes — sold on deferred - payment liPublio Works Fund .. .. 2,513 17 8 cense (principal not yet due Scenery Preservation Account .. 5,094 8 4 and payable) .. .. 164,223 7 7 7,608 6 0 Unpaid purchase - money on Reserves —Capital—- buildings on land sold on deAppreciation of assets (on land ferred-payment license (prinproclaimed) .. .. .. 31,835 7 2 cipal not yet due and payable) 2,051 19 3 Reserves—Revenue — 166,275 6 10 Sinking funds (as per contra) .. 38,296 19 0 Survey liens — Audit fees .. .. .. 45 0 0 Principal.. .. .. 190,228 8 0 Writings-off in Suspense (as per Interest .. .. .. 69,727 17 8 contra) .. .. .. 6,527 5 4 259,956 5 8 Irrecoverable rents .. .. 3,981 2 0 Sundry debtors— — 48,850 6 4 Principal instalments on land Rents charged in advance .. .. 14,788 17 7 sold on deferred-payment Suspense Account—• license .. .. .. 3,759 1 7 Land purchase .. .. 798 4 8 Interest on land sold on Orakei Block interest .. .. 7,520 15 0 deferred-payment license .. 2,619 9 6 * 8,318 19 8 Principal instalments on Interest accrued on loan capital (not buildings sold .. .. 88 4 1 yet due and payable) .. .. .. 61,748 15 11 Rents . . .. .. 25,497 311 Royalties .. .. 413 17 11 Miscellaneous (Lands Department) .. .. .. 2,074 11 0 Maori Land Boards —principal and interest) .. .. 262 10 0 Expenditure paid in advance 99 2 9 34,814 0 9 Postponed charges outstanding— Rent .. .. .. 15,153 3 4 Principal instalments on buildings .. .. .. 43 2 6 15,196 5 10 Interest accrued (not yet due and payable)— Advances to Maori Land Boards from Native Land Settlement Account .. 130 12 10 Treasury investments .. 1,094 13 11 Land-sales .. .. 2,033 611 3,258 13 8 Outstanding rents in suspense. r .. 6,527 5 4 Revaluation Board Reductions Suspense Account — Land .. .. .. 113,065 11 7 Buildings.. .. .. 292 11 2 Rents .. .. .. 36,987 6 11 — 150,345 9 8 Cash in Public Debt Redemption Fund — New Zealand State Advances Act, 1909 .. .. 11,976 15 4 Public Debt Extinction Act, 1910 .. .. .. 26,320 3 8 38,296 19 0 Advances to Maori Land Boards from Native Land Settlement Account .. .. .. .. 13,690 3 3 Cash balances, Native Land Settlement Account — Cash in Public Account .. 21,895 9 2 Investment Account .. 92,500 0 0 Imprests outstanding .. 2 0 0 114,397 9 2 Net Revenue Account — Balance as at Ist April, 1926 469,176 8 6 Less adjustments on account of previous years .. 36,620 17 6 432,555 11 0 Excess of expenditure over income for 1926-27 .. 76,474 4 7 509,029 15 7 £4,076,381 19 10 £4,076,381 19 10 E. N. Jones, Under-Secretary. I hereby certify that the 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 portion of the accounts dealing with leased lands has been compiled from copies of journal entries of the District Land Offices. In the case of the North Auckland, Auckland, Taranaki, and Wellington Offices the departmental figures have been accepted pending the completion of the local examination by the Audit Inspector. 2. The account should be recouped for the portion of the Waikaremoana Block purchased from the account for purposes outside the scope of the account. 3. There is no statutory liability to the account for the liability shown to the Public Works Fund and Scenery Preservation Account. In any case, the amount appears to be overstated; subsequent legislation will affect this. G. F. C. Campbell, Controller and Auditor-General.

42