49

B.—l TPT. IYI.

HAURAKI PLAINS SETTLEMENT ACCOUNT. Revenue Account foe the Year ended 31st March, 1929. Dr. £ s. d. Cr. £ s. d. To Interest on debentures issued under Hauraki By Accrued rents .. .. .. ..11,036 14 1 Plains Settlement Act, 1926 .. .. 31,446 14 11 Rates .. .. .. .. .. 7,759 6 1 Interest on expenditure from Public Works Interest on investments .. .. .. 704 611 Fund .. .. .. .. .. 202 16 0 Interest on sales of land, &c. .. .. 267 19 6 Interest on temporary transfers from other Interest allowed on sinking-fund contributions 325 5 10 accounts .. .. .. .. 1 1 11 Miscellaneous .. .. .. .. 727 18 4 Administration expenses .. .. .. 423 15J 4 Net loss carried down .. .. .. 20,597 15 5 Maintenance Of completed works .. .. 3,804 11 10 Rates written off consequent upon area being taken over by Drainage Boards .. .. 1,993 13 10 Rebate of rent .. .. .. .. 626 17 3 Rebate of rates .. .. .. .. 52 1 2 Remissions of rent .. .. .. 836 11 4 Refund of rates .. .. .. .. 344 18 3 Irrecoverable rents, &c. .. .. .. 1,132 15 10 Irrecoverable rates .. .. .. 553 8 6 £41,419 6 2 £41,419 6 2 £ s. d. £ s. d. To Net loss brought down .. .. .. 20,597 15 5 By Adjustment on account of previous year .. 2 2 0 Balance from previous year .. .. 64,107 11 1 Sinking Fund reserve .. .. .. 4,837 13 8 Balance .. .. .. .. 79,865 10 10 £84,705 6 6 £84,705 6 6 Balance-sheet as at 31st March, 1929. Liabilities. Assets. Capital Account — Improved land handed over to Land Board for Debentures issued under Hauraki £ s. d. £ s. d. settlement — £ s. d. £ s. d. Plains Act, 1926 .. .. 775,000 0 0 Leased .. .. .. 171,951 5 0 Expenditure from Public Works Unleased .. .. .. 13,870 15 9 Fund .. .. .. 5,070 0 0 185,822 0 9 Value of Crown land set apart Unpaid purchase-price of land sold on deferred under the Act .. .. 45,000 0 0 payment .. .. .. .. .. 3,875 510 825,070 0 0 Unimproved lands not yet disposed of .. .. 44,375 5 1 Discharged Soldiers Settlement Account (merged Improvements on adjoining Crown lands .. 7,710 0 0 interests under section 20, Discharged Soldiers Permanent reserves .. .. .. .. 8,851 0 0 Settlement Amendment Act, 1923) .. .. 353 110 Works in progress —Expenditure on land in proConsolidated Fund — cess of reclamation, including formation and Interest on debentures under metalling of roads .. .. .. .. 460,264 17 5 Local Bodies' Loans Act, £ s. d. Artesian wells — £ s. d. 1908 .. .. .. 22,083 6 8 Crown tenants, Hauraki Plains 1,045 8 10 Interest on expenditure out of Permanent reserves and Crown Public Works Fund .. 4,258 16 0 lands .. .. .. 216 10 9 Interest on temporary transfers 1,261 19 7 from other accounts .. 589 0 11 Buildings .. .. .. .. .. 6,429 1 1 Rates unpaid, 1917-21 .. 47 15 0 Wharves .. .. .. .. .. 4,799 0 0 26,978 18 7 Machinery and plant .. .. .. 51,061 15 11 Interest on debentures under Live-stock .. .. .. .. .. 147 10 0 Hauraki Plains Act, 1926 .. 114,686 1 10 Loose tools .. .. .. .. .. 361 7 10 Less accumulated losses written Stamps on hand .. .. .. .. 0 14 0 off under section 22, Finance Stores and fuel .. .. .. .. 7,370 19 7 Act, 1927 (No. 2) .. .. 59,997 6 7 Sundry debtors for — £ s. d. 54,688 15 3 Rents, &c. .. .. .. 4,855 2 7 Interest on debentures, accrued but not due .. 6 ,132 15 4 Instalments of principal on dePayments in advance— £ s. d. ferred-payment sales .. 150 12 5 Rents .. .. .. 154 8 4 Interest on deferred-payment Rates .. .. .. 22 7 0 sales . .. .. 131 5 8 Miscellaneous .. .. 6 12 7 Interest on investments .. 256 15 8 183 7 11 Interest on well-boring .. 136 11 8 Sundry creditors— Law-costs .. .. .. 47 12 4 Departmental .. .. 40 16 3 Rates .. .. .. 5,166 17 7 Miscellaneous .. .. 4,977 011 Tram freights .. .. 265 10 8 5,017 17 2 Departmental .. .. 3,505 15 2 Rents charged in advance .. .. .. 2,939 0 0 Miscellaneous .. .. 5,781 7 6 Suspense Account .. .. .. .. 35 I 9 -,20,297 11 3 Writings off in suspense .. .. .. 404 13 0 Postponed rent .. .. .. .. 496 4 3 Losses in Suspense .. .. .. .. 404 13 0 Interest accrued but not due on sales of land .. 63 0 0 Investment in Public Debt Redemption Fund .. 8,457 10 6 Revenue Account—Balance .. .. .. 79,865 10 10 Cash in Post Office .. .. .. .. 606 8 3 £ s. d. Cash in Public Account .. 7,751 15 8 Imprests outstanding .. .. 530 0 0 Investment Account .. .. 21,000 0 0 . 29,281 15 8 £921,803 10 10 £921,803 10 10 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. T hereby certify that the Receipts and Payments and 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) In the opinion of the Audit Office interest charged on works in progress should be capitalized. (2) A Bad Debts Reserve should be created. (3) Suggestions in reference to the treatment of expenditure on lands already handed over for settlement were made to the Department, but no action has yet been taken.—G. F. C. Campbell, Controller and Auditor-General.

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