C.—ll

4

Revenue Account fok the Year ended .31st March, 1929. r ' £ s. d. I Cr. £ s- (j. To Rates, &e., written off .. .. .. 424 7 4J By Accrued rents .. .. .. .. 140 g 4 Interest on debentures .. .. 20,669 19 0 Rates levied to meet maintenance £ s. d. Maintenance of completed works .. .. 4,827 0 8 cost .. .. .. 2,431 2 9 I Rates levied for payment of interest .. .. 2,000 0 0 4,431 2 9 Excess rates levied in previous year transferred in reduction of maintenance costs .. 1,309 14 6 Penalty levied on arrears of £ s. d. maintenance rate .. 69 2 5 J Penalty levied on arrears of capital rate .. .. 57 11 2 126 13 7 Maintenance costs —recoverable out of rates .. 1,086 3 5 " Thirds" .. .. . . . . 15 15 4 Interest on investments .. .. .. 120 011 ' Rates for year ended 31st March, 1919, capitalized under section 12 (4) (c), Finance Act, 1927 (No. 2) .. .. .. .. 8,049 16 1 j Balance transferred to Drainage Works Account 10,641 15 1 £25,921 7 0 [ £25,921 7 0 — ] Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. | Assets. £ s. d.. Loan Account .. .. .. .. 515,500 0 0 [ Drainage-works—Expenditure in connection thereLess loans redeemed under Public £ s. d. with (including wages, supplies, administration Debt Repayment Act, 1925 15,500 0 0 expenses, engineering expenses, depreciation of securities cancelled and amount written off as plant and capitalized interest charges)—reducper contra .. .. .. .. 15,500 0 0 tion under section 22, Finance Act, 1925 .. 348,679 7 7 Less securities cancelled and amounts written off 500,000 0 0 -as per contra .. .. .. .. 15.500 0 0 Temporary transfers from other accounts, section 40, Public Revenues Act, 1926 .. .. 5,000 0 0 333 179 7 7 Loans redeemed from Consolidated £ s. d. [ Drainage works—Cost recoverable £ s. d. " I"und .. . . .. 2,500 0 0 out of rates .. .. 205,000 0 0 Less sinking fund in hands of Capitalized interest (section 12, Public Trustee .. .. 1,525 16 0 j Finance Act, 1927 (No. 2) ) 24,045 17 4 — 974 4 0 : 229 045 17 4 Interest contributed by Consolidated Fund .. 81,165 14 6 Plant and machinery .. .. .. 14113 84 Unpaid purchase-money for land taken.. .. 210 1 1 Live-stock .. .. . " " ' ■> 9 6 Sundry creditors—Miscellaneous .. .. 1,745 17 9 Loose tools .. !! !! 298 11 9 Interest on debentures accrued but not due .. 4,941 10 3 Buildings .. .. . 1 249 11 5 Suspense Account .. .. ... ... 1,179 12 5 Wharve's .. " !! !! '314 5 & Rates paid in advance .. .. 17 2 5 Material and stores .. .. .. 1 040 11 6 Rent paid in advance .. .. T. 815 0 Fuel .. .. .. .. .. '44 2 3 Land for Settlements Account .. .. 20 0 0' Maintenance costs (recoverable by rates) .. 1,086 3 5 Sundry debtors— £ 1 s. d. Rates .. .. .. 7,025 16 4 j Law-costs .. .. 89 5 7 Rents .. ' .. 5 10 8 Miscellaneous .. .. 76 16 11 7,197 9 6 Consolidated Fund—Amount short-paid on account of maintenance subsidy .. .. .. 1,160 0 0 Stamps on hand .. .. .. .. 3 11 0 Cash in hands of Post Office .. .. .. 75 15 5 Cash in Public Account, 31st March, 1929 .. 6,411 911 £595,242 17 5 £595,242 17 5 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 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.—G. P. C. Campbell, Controller and Auditor-General.

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