B.—l [PT. IV

198

LANDS AND SURVEY DEPARTMENT. PRIMARY EDUCATION ENDOWMENT.—DEPOSIT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1929. Receipts. £ s. d. Payments. £ s. d" To Balance in Deposit Account, Ist April, 1928 16,152 17 10 By Payments for primary-education purposes .. 116,396 410 Rents under section 30, Education Reserves Purchases under section 27, Education ReAct, 1928 .. .. .. 120,557 19 5 serves Act, 1928 .. .. .. 5,000 0 0 Sales under section 27, Education Reserves Administration expenses .. .. .. 3,826 7 11 Act, 1928 .. . . .. .. 452 2 8 Maintenance and repairs .. .. .. 582 12 1 Interest on cash and investments held by Survey costs, &c. .. .. .. 401 13 0 Public Trustee .. .. .. 1,159 5 10 Refunds of revenue .. .. .. 540 9 5 Interest on investments .... .. 30 2 0 £ s. d. Cash in Deposit Account .. 605 0 6 Investment Account .. 11,000 0 0 11,605 0 6 £138,352 7 9 £138,352 7 9 Revenue Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s. dTo Interest under section 20, Discharged Soldiers By Accrued rents, &c. .. .. 119,232 15 9 Settlement Amendment Act, 1923 .. 24 16 8 Interest on cash and investments held by rents .. .. .. 602 14 5 Public Trustee .. .. .. 1,167 16 4 Administration expenses .. .. .. 6,060 8 2 Interest on investments .. .. .. 210 1 2 Survey costs .. .. .. .. 401 13 0 Balance .. .. .. .. 5,599 10 5 Maintenance and repairs .. .. . . 399 I 8 Remissions of rent .. .. .. 538 15 4 Remissions and rents written off under the Deteriorated Lands Act, 1925 .. .. 1,462 16 6 Payments for primary-education purposes .. 116,396 410 Balance from previous year .. .. 323 13 1 £126,210 3 8 £126,210 3 8 Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. Assets. Capital, including loading for roads, &c. .. 2,248,516 15 1 Endowment lands — £ s. d. £ s. d. Less capital losses under section 22, Finance Leased .. .. 2,304,990 111 Act, 1927 (No. 2) .. .. .. 4,045 16 8 Unleased .. .. 71.804 10 0 2,376,794 11 11 2,244,470 18 5 Unpaid purchase price (not Appreciation in land-values .. .. 169,729 8 9 yet payable)— Public Works Fund —Roading (section 17, Land Land .. .. .. 333 6 8 Laws Amendment Act, 1927) .. .. 139 16 4 Buildings .. .. 4,976 12 9 Discharged Soldiers Settlement Account—Merged 5,309 19 5 interests under section 20, Discharged Soldiers Sundry debtors for — Settlement Amendment Act, 1923 .. .. 518 7 5 Rents .. .. .. 16,632 14 3 Sundry creditors — £ s. d. Less reserve for irrecoverAdministration expenses .. 2,180 7 2 able rents .. .. 200 0 0 Miscellaneous .. .. 122 12 0 2,302 19 2 16,432 14 3 Principal instalments under section 20, Dis- Royalties .. .. 8 6 0 charged Soldiers Settlement Amendment Act. Principal instalments on 1923 .. .. .. .. .. 21 8 2 buildings .. .. 21 7 2 Interest under section 20, Discharged Soldiers Principal instalments on Settlement Amendment Act, 1923 .. .. 21 16 4 sales .. .. 10 0 0 Payments in advance — £ s. d. Interest on cash and in vestRents, &e. .. .. 1.949 18 10 ments .. .. 14 12 6 Sales .. .. .. 7 0 0 16,486 19 11 1,956 18 10 Postponed rent .. .. .. .. 4,845 13 0 Rents, &c., charged in advance .. .. 23,548 311 Interest accrued but not due on investments .. 210 7 1 Writings-off in Suspense .. .. .. 182 12 6 Losses in Suspense.. .. .. .. 182 12 0 Revenue Account—Balance.. .. .. 5,599 10 5 Investments held by Public Trustee .. .. 2,050 0 0 Cash held by Public Trustee .. .. 19,807 15 1 £ s. d. Cash in Deposit Account .. 605 0 6 Investment Account .. 11,000 0 0 11,605 0 6 £2,442,892 9 10 £2,442,892 9 10 j. P. Thomson, 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. The following comment is appended : The amount of Capital Account representing the expenditure on roads, &c., made from the Opening-up Crown Lands Account prior to the Ist April, 1928, should be separately shown, as under section 17 (5) (b) of the Land Laws Amendment Act, 1927, the capital of the Land for Settlements Account is reduced thereby, and no other account specifically shows the liability therefor. — G. F. C. Campbell, Controller and Auditor-General.