199

B. —l [PT. TYI.

LANDS AND SURVEY DEPARTMENT—continued. SECONDARY EDUCATION ENDOWMENT.—DEPOSIT ACCOUNT. Receipts and Payments Account eor the Yeab ended 31st March, 1929. Receipts. £ s. d. Payments. £ s. d. To Balance in Deposit Account, Ist April, 1928 .. 4,401 14 1 By Payments to secondary schools .. .. 9,275 11 8 Rents under section 30, Education Reserves Administration expenses .. .. . . 326 11 3 Act, 1928 .. .. .. .. 11,572 7 6 Maintenance and repairs .. .. .. 77 6 4 Sales under section 27, Education Reserves Rotorua College a.nd Grammar School .. 1,280 16 0 Act, 1928 .. .. . . .. 300 0 0 Refunds of revenue . . .. .. 15 6 6 Interest on investments held by Public Trustee 41 15 9 Survey costs .. .. .. .. 50 0 0 Interest on investments .. .. .. 0 3 8 Balance in Deposit Account, £ s. d. 31st March, 1929 .. 4,990 9 3 Investment Account . . 300 0 0 5,290 9 3 £16,316 1 0 £16,316 1 0 Revenue Account foe the Year ended 31st March, 1929. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 597 6 9 By Accrued rent .. .. .. .. 11,611 17 5 Irrecoverable rents .. .. .. 28 3 11 ' Interest on cash held by Public Trustee .. 41 15 9 Remission of rent under Deteriorated Lands Interest on investments .. .. .. 514 7 Act, 1925 .. .. .. .. 4 0 0 Balance from previous year .. .. 4,485 7 6 Remissions of rent.. .. .. .. 5 5 6 Rotorua College and Grammar School .. 1,280 16 0 Survey costs, insurance premiums, &c. .. 127 6 4 Payments to secondary schools .. .. 9,275 11 8 Balance .. .. .. .. .. 4,826 5 1 £16,144 15 3 £16,144 15 3 Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. Assets. Capital, including loading for roads, &e. .. 183,297 310 Endowment land— £ s. d. £ s. d. Appreciation in land-values .. .. .. 42,466 18 3 Leased .. .. .. 217,289 13 2 Public Works Fund —Roading (section 17, Land ! Unleased .. . . .. 9,217 0 6 Laws Amendment Act, 1927) .. .. 359 18 0 226,506 13 8 Sundry creditors — £ s. d. . Sundry debtors for— Administration expenses .. 234 12 5 Rent .. .. .. 1,377 4 8 Rents paid in advance .. 87 5 5 Less reserve for irrecoverable 321 17 10 rents .. .. .. 25 0 0 Rotorua College and Grammar School .. .. 2,561 12 0 j — 1,352 4 8 Rents charged in advance .. .. .. 2,678 19 8 j Interest accrued but not due on investments .. 510 II Writings off Suspense Account .. .. 17 510 Overpayment to secondary schools .. .. 2,561 12 0 Revenue Account —Balance .. .. .. 4,826 5 1 Outstanding Rents Suspense .. .. .. 17 510 Cash held by Public Trustee .. .. .. 796 4 2 £ s. d. Cash in Deposit Account .. 4,990 9 3 Investment Account .. 300 0 0 — 5,290 9 3 £236,530 0 6 £236,530 0 6 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. 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.