C.—9

16

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1929. Receipts. Payments. Balance at Ist April, 1928— £ s. d. £ s. d. Advances on mortgage, &e. — £ s. d. £ s. d. Cash in Public Account .. 284,139 10 2 Current Account .. .. 657,061 14 3 Imprests outstanding .. 4,993 211 Section 2, Farms Account .. 10,833 910 Investment Account .. 346,244 8 3 Section 2, Dwellings Account 26,773 710 635,377 1 4 Miscellaneous advances .. 3,053 10 6 Repayment of advances— 697,722 2 5 Current Account .. .. 694,015 6 2 Capital expenditure on properties acquired by Section 2, Farms Account .. 125,173 18 7 exercise of power of sale .. .. .. 4,328 18 11 Section 2, Dwellings Account 280,881 2 4 Realization Account —Expenses incidental to acBuildings Account .. 726 12 4 quisition of properties .. .. .. 14,217 3 6 Miscellaneous advances .. 2,080 13 9 Repayment of State Advances Department's Instalments of principal under mortgages .. .. .. .. 256 2 9 Section 20 (3), Discharged Sundry estates .. .. .. .. 4,734 16 0 Soldiers Settlement Amend- Loans repaid .. .. .. .. 680,250 0 0 merit Act, 1923 (merged Interest on debentures .. .. .. 295,189 15 5 transactions) .. .. 357 3 10 Interest on amount transferred from Consolidated 1,103,234 17 0 Fund .. .. .. .. .. 415,860 4 4 Property Accounts (deposits, &c) on properties Stamp duty (transfers of consolidated stocks) .. 87 1 8 acquired under power of sale .. .. 20,782 510 Administration expenses .. .. .. 39,905 18 6 Realization Accounts —Receipts from properties Expenses of Revaluation Board .. .. 17 6 6 in course of realization .. .. .. 25,471 13 9 Miscellaneous expenditure in connection with Sales of live and dead stock .. .. .. 1,515 11 0 properties acquired under power of sale .. 3,428 5 8 Sales of plant .. ~ .. .. 94 14 8 Valuation expenses .. .. .. 88 1 4 Sundry debtors, miscellaneous .. .. 276 911 Travelling-expenses .. .. . • 441 12 1 Sundry estates .. .. .. .. 34,087 17 7 Printing and stationery .. .. .. 255 18 2 Recoveries of miscellaneous expenditure in con- Audit fees .. .. .. .. .. 500 0 0 nection with properties acquired .. .. 412 16 4 Suspense Account .. .. .. .. 4,521 10 1 Valuation fees .. .. .. .. 83 8 0 Fire Loss Suspense Account .. .. .. 16,545 12 4 Production transfer and lease fees .. .. 527 5 0 Sundries .. .. .. .. .. 159 19 3 Interest on investments .. .. .. 28,707 18 4 Balance at 31st March, 1929— £ s. d. Interest on advances— £ s. d. Cash in Public Account .. 115,799 17 10 Current Account .. .. 128,239 5 0 Imprest outstanding .. 5,685 2 6 Section 2, Farm Account .. 288,594 12 2 Investment Account .. 299,034 17 0 Section 2, Dwellings Account 284,374 4 4 420,519 17 4 Buildings Account .. 1,163 10 5 Interest under section 20 (3), Discharged Soldiers Settlement Amendment Act,1923, (merged transactions) .. 850 10 10 Miscellaneous .. .. 21 5 10 — 703,243 8 7 Rents, grazing fees, and royalties .. .. 24,694 17 0 Suspense Account .. .. .. .. 5,951 11 3 Fire Loss Suspense Account .. .. .. 14,477 2 8 Sufidries .. .. .. .. .. 91 8 0 £2,599,030 6 3 £2,599,030 6 3 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Or. £ s. d. £ s. d. To Audit fees .. .. .. .. 500 0 0 By Interest on ad vances — Commission on sales of properties, &c. .. 29 4 0 Current Account .. 121,125 8 7 Depreciation Reserve—Plant, .fee. .. .. 1,062 5 5 Farms, orchards, &c. .. 317,028 19 4 Interest accrued on debentures .. .. 291,631 411 Dwellings, business premises, Interest accrued on advances from Consoli- &c. .. .. .. 309,367 9 8 dated Fund .. .. .. .. 434,000 0 0 Miscellaneous .. .. 2,923 17 7 Losses on realization of securities —Writings- 750,445 15 2 off in Suspense .. .. .. 293,718 5 8 Interest on surplus funds temporarily invested 20,709 12 11 Losses written off under authority of section 4, Interest on investment in Public Debt RepayDischarged Soldiers Settlement Amendment ment Account.. .. .. .. 1,597 8 0 Act, 1924 .. .. .. .. 767 2 8 Profit on disposal of stock, Mataikona Station 564 9 3 Management expenses .. .. .. 39,906 8 6 Profits on disposal of properties .. .. 1,186 16 8 Miscellaneous expenses—lncidental expendi- Profits on working of farms .. .. 74 8 7 ture in connection with properties acquired Profits on sale of used cars .. .. 57 3 4 by the Crown .. .. .. .. 3,082 4 2 Recoveries of losses previously written off .. 30 19 8 Printing and stationery .. .. .. 271 6 2 Rents and royalties from properties acquired Rebates .. .. .. .. 45,116 6 9 by Crown .. .. .. .. 29,379 15 0 Reductions in value of mortgages — Transfer and production fees .. . . 527 5 0 Revaluation Board reductions .. .. 38,057 17 11 Valuation fees .. .. .. .. 90 18 6 Deteriorated Land Act, 1925, section 6 (I) 27,14] 16 0 Balance —Loss for year, carried down .. 413,527 13 5 Land Act, 1924, section 216 .. .. 3,258 0 0 Reductions in capital value of leases under sections 4 and 5, Discharged Soldiers Settlement Amendment Act, 1921-22 .. .. 1,190 0 0 Remissions of interest and rent— Land Boards recommendations .. ». 12,671 18 7 Remissions under section 16, Discharged Soldiers Settlement Amendment Act, 1921-22 .. .. .. .. 368 16 5 Deteriorated Land Act, 1925, section 6 (1) 9,703 2 0 Revaluation Board remissions .. .. 15,043 11 3 Revaluation Board expenses .. .. 17 6 6 Stamp duty on transfer of consolidated stock 87 I 8 Travelling-expenses of Inspector of Securities, £1,218,192 5 6 &c. .. .. .. .. .. 454 16 1 Valuation expenses .. .. .. 113 10 10 £ s. d. • By Transfer against liability to Consolidated £1,218,192 5 6 Fund .. ..' .. .. 1,212,106 11 5 — Adjustment on account of losses written off £ s. d. in previous years .. .. .. 9,514 4 1 To Balance —Loss for year brought down .. 413,527 13 5 Transfer from Reserve Account'— Balance forward from previous year ..1,212,106 11 5 Losses on abandoned properties, &c. .. 388,879 15 6 Balance-—Loss carried forward .. 15,133 13 10 £1,625,634 4 10 £1,625,634 4 10