B.—l [PT. IV]

14

DETERIORATED lAND 3 ACCOUNT. Revenue Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s. dTo Interest on loans .. .. .. .. 878 2 9 By accrued interest on advances .. .. .. 392 2 0 Interest on investments .. .. 378 9 1 Balance carried forward .. .. .. 107 11 8 £878 2 9 £878 2 9 £ s. d. £ s. d. To Balance brought forward from previous year .. 637 910 By Balance carried forward .. .. .. 745 1 6 Balance brought down .. . . .. 107 11 8 £745 1 6 £745 1 6 Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. Assets. Loan Account .. .. .. .. 22,000 0 0 Advances on mortgages—Advances under sec- £ s. d. Sundry creditors for— £ s. d. tion 11 of Deteriorated Lands Act, 1925 .. 9,139 310 Interest accrued on loans .. 436 7 8 Sundry debtors for interest on advances .. 250 5 5 Consolidated Fund, for interest paid Revenue Account—Balance carried forward .. 745 1 6 on debentures .. .. 686 2 9 Cash in Public Account .. .. .. 13,324 17 0 Consolidated Fund, for interest paid on temporary transfers .. 78 18 2 Miscellaneous .. .. .. 257 19 2 1,459 7 9 £23,459 7 9 £23,459 7 9 J. B. Thompson, Under-Secretary for Lands. 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 relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — J. H. Fowler, Deputy Controller and Auditor-General. DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Revenue Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. To Audit fees .. .. .. .. 500 0 0 By Interest on advances — £ s. d. £ s. d. 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 ReDischarged Soldiers Settlement Amendment demption Fund .. .. .. 1,59780 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 —Incidental 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 Lands Act, 1925, section 6 (1) 27,141 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 Lands Act, 1.925, section 6 (1) 9,703 2 0 Revaluation Board remissions .. .. 15,04311 3 Revaluation Board expenses .. .. 17 6 6 Stamp duty on transfers of consolidated stock 87 1 8 Travelling-expenses of Inspectors of Securities, &c. .. .. .. .. .. 454 16 1 Valuation expenses .. .. .. 113 10 10 £1,218,192 5 6 £1,218,192 5 6 £ s. d. By Transfer against liability to Consolidated £ s. d. To Balance —Loss for year brought down .. 413,527 13 5 Fund .. .. .. .. 1,212,106 11 5 Balance forward from previous year " ..1,212,106 11 5 Adjustment on account of losses written off in previous years .. .. .. 9,514 4 1 Transfer from Reserve Account— 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