B1 | I'T. IV]

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LANDS AND SURVEY DEPARTMENT—continued. HUTT VALLEY LAND SETTLEMENT ACCOUNT. Trading Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s. d. To Land on hand, Ist April, 1928 .. .. 124,452 0 0 By Sales of land .. .. .. .. 96,249 8 0 Purchase of land .. .. .. .. 1,220 0 0 Land on hand at 31st March, 1929 .. . • 100,000 0 0 Cost of subdivision, street-formation, and expenses in preparing land for sales .. 51,165 16 2 Incidental expenses .. .. .. 2,458 19 6 Balance, transferred to Profit and Loss Account 16,952 12 4 £196,249 8 0 £196,249 8 0 Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 2,661 8 6 By Balance transferred from Trading Account ... 16,952 12 4 Interest on capital provided out of Land for Accrued interest .. .. .. .. 7,457 10 2 Settlements Account .. .. '.. 9,452 8 3 Accrued rent .. .. .. .. 244 2 8 Losses written off .. .. .. 94 4 10 Interest on investment .. .. .. 327 19 6 Balance —Profit for year .. .. .. 12,774 3 1 £24,982 4 8 £24,982 4 8 £ s. d. £ s. (1. To Balance—Net profit to 31st March, 1929 .. 89,715 1 6 By Balance brought forward .. .. .. 76,940 18 5 Balance (profit for year) brought down .. 12,774 3 1 £89,715 1 6 £89,715 1 6 Balance-sheet as at 31st March, 1929. Liabilities. [ A ssets. Land for Settlements Account — | £ s. d. Moneys provided for — £ s. d. £ s. d. Land on hand .. .. .. .. 100,000 0 0 Purchase of land .. .. 162,812 17 1 Railways Improvement Authorization Account— Incidental expenses .. 8,708 4 I Balance unpaid on area taken for workshops .. 26,389 8 0 Street-formation .. .. 167,219 6 1 Education Department —Amount due for section 338,740 7 3 taken for school-sites .. .. .. 3,500 0 0 Railways Improvement Authorization Act 1914 Sundry debtors for— £ s. d. Account —Purchase of land .. .. 11,660 0 0 Sales of land (not yet payable) 146,944 11 9 Principal instalments on sales .. 136 11 6 350,400 7 3 Interest on sales .. .. 881 17 10 Less repayments under sec- Rents .. .. .. 557 7 8 tion 11 (2), Hutt Valley Lands —— 148,520 8 9 Settlement Act, 1925— Interest accrued but not due .. .. .. 966 3 6 Land for Settlements Ac- £ s. d. Losses in Suspense .. .. .. .. 94 4 10 count .. .. 193,866 11 5 Cash in the Public Account .. .. .. 616 9 1 Railways Improvement Authorization Act 1914 Account .. .. 11,660 0 0 205,526 11 5 144,873 15 10 Land for Settlements Account—lnterest on capital provided for purchase of land, &c. .. 36,226 7 5 Railways Improvement Authorization Act 1914 Account —Interest on cost of land .. .. 1,014 14 1 Consolidated Fund —For administration expenses 8,114 2 3 Payments in advance— £ s. d. Principal instalments .. 13 18 3 Interest .. .. .. 28 16 8 — 42 14 11 Rents due but not accrued .. .. .. 5 13 4 Writings-off in Suspense .. .. .. 94 4 10 Profit and Loss Account— Balance forward from previous £ s. d. year .. .. .. 76,940 18 5 Profit for year .. .. 12,774 3 1 89,715 I 6 £280,086 14 2 £280,086 14 2 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Profit and Loss 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. F. C. Campbell, Controller and Auditor-General. I *