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NATIONAL ENDOWMENT ACCOUNT. Revenue Account for the Yeab ended 31st Mabch, 1929. Dr. £ s. d. Cr. £ s. dTo Administration expenses .. .. .. 6,419 6 6 By Accrued coal rents, &c. . . .. .. 919 6 3 Deteriorated Lands Act, 1925— £ s. d. Accrued interest on sales of land .. .. 6,572 6 2 Remissions of rent .. .. 3,211 5 2 Accrued rents .. .. .. .. 130,058 13 3 Rents written off .. .. 4,682 1 5 Accrued royalties .. .. .. 6,806 18 10 7,893 6 7 j Interest on National Endowment £ s. d Dominion Revaluation Board— investments .. .. 2,593 11 4 Remissions of rent . . .. 254 16 6 Interest on National Endowment Rents written off .. .. 309 18 0 Trust investments .. .. 1,488 13 9 564 14 6 Interest on temporary transfe s Interest charges under section 20 (3), Discharged to other accounts .. .. 190 13 8 Soldiers Settlement Amendment Act, and j 4,272 18 9 section 20, Land Laws Amendment Act, 1927 379 4 0 Irrecoverable rents written off .. .. 1,512 0 2 Rebates .. .. .. .. 1,904 15 7 Remissions of rent .. .. .. 3,081 14 0 " Thirds," " fourths," and " halves " .. 7,039 15 3 Balance carried down .. .. .. 119,835 6 8 £148,630 3 3 £148,630 3 3 r r — £ S. d. £ s. d. By Balance brought down .. .. .. 119,835 6 8 To Contribution for education and old-age pensions 124,885 18 5 Balance from previous year .. .. 10,055 010 Balance carried forward .. .. .. 5,012 8 7 Recovery of amount written off in previous years .. .. .. .. .. 7 19 6 £129,898 7 0 £129,898 7 0 Balance-sheet as at 31st March, 1929. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 4,424,806 12 8 Land— £ s. d. £ s. d. Public Works Fund—Roading .. .. 239 8 4 Leased .. .. 3,667,143 18 6 Discharged Soldiers Settlement Account (sec- Unleased .. .. 675,330 5 2 tion 20, Discharged Soldiers Settlement 4,342,474 3 8 Amendment Act, 1923, and section 20, Buildings—Purchase price not yet due .. 1,078 4 5 Land Laws Amendment Act, 1927) — National Endowment Trust Account .. 90,410 6 9 £ s. d. Sundry debtors — £ s. d. Advances.. .. .. 7,679 1 6 Rents from National EnInstalment principal .. 108 18 0 dowment lands .. 41,345 19 8 Instalment interest .. 340 8 0 Less reserve .. .. 750 0 0 8,128 7 6 Buildings Suspense .. .. .. 70 5 5 40,595 19 8 Sundry creditors— Coal rents .. .. 855 18 9 Contribution for education Royalties .. .. 1,747 13 11 and old-age pensions .. 124,885 18 5 Interest on sales of nationalDepartmental .. .. 92 19 6 endowment land . . 187 1 0 Miscellaneous .. .. 447 5 7 Principal instalments on 125,426 3 6 buildings .. .. 34 17 8 Payments in advance — Royalties due from Forestry Rents .. .. .. 485 3 9 Department in terms of Interest .. .. .. 6 17 8 section 39 (2), Forests Royalties .. .. 6 0 8 Act, 1921-22 .. .. 7,070 15 4 498 2 1 Departmental .. .. 42 4 0 Overpaid rents in Suspense resulting from Miscellaneous .. . . 18 0 8 capital reductions under Deteriorated Lands 50,552 11 0 Act, 1926 .. .. .. .. 3,767 5 7 Postponed rents .. .. .. .. 5,716 1 7 Rents charged in advance .. .. .. 49,594 7 4 Losses in Suspense.. .. .. .. 579 4 0 Writings-off in Suspense .. .. .. 579 4 0 Accrued but not due — Revenue Account —Balance forward .. .. 5,012 8 7 Interest on sales.. .. 714 17 10 Interest on investments .. 1,207 11 11 Royalties . . .. 503 5 5 2,425 15 2 Cash — Public Account .. .. 50,835 18 5 Investment Account .. 74,050 0 0 124,885 18 5 £4,618,122 5 0 £4,618,122 5 0 25th July, 1929. J. H. O'Donnell, Controller of Accounts. J. B. Thomson, Under-Secretary for Lands. 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. 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 AuditorGeneral.

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