B. —1 TPT. IV SUP. TO 19281.

36

LANDS AND SURVEY DEPARTMENT —continued. BUTT VALLEY LANDS SETTLEMENT ACCOUNT. Trading Account from Inception of Hutt Valley Lands Settlement Act, 1925, to 31st March .1928. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Purchase of land .. .. 173,252 17 1 By Sales of land for cash and on Incidental expenses .. 6,249 4 7 deferred payments .. 208,219 10 10 Cost of subdivision, street- Land taken for railway-line , formation, and expenses in and workshops .. .. 58,431 16 2 preparing land for sale .. 116,053 9 11 266,651 7 0 295,555 11 7 Land on hand at 31st March, 1928, plus Balance, transferred to Profit expenses of subdivision, roading, &c. .. 124,452 0 0 and Loss Account .. .. 95,547 15 5 £391,103 7 0 £391,103 7 0 Profit and Loss Account from Inception of Hutt Valley Lands Settlement Act, 1925, to 31st March, 1928. Dr. £ s. d. 1 Cr. £ s. d. To Administration expenses .. .. .. 5,452 13 9 By Balance transferred from Trading Account.. 95,547 15 5 Interest on capital provided out of the Lands Interest on sales of land .. .. .. 8,398 15 7 for Settlement Account .. .. 26,773 19 2 Rents .. .. .. .. .. 4,979 0 5 Interest on capital provided out of the Rail- Forfeited deposits .. .. .. 5 0 0 ways Improvement Authorization Account 1,014 14 1 i Interest on surplus funds transferred under Balance—Net profit to 31st March, 1928 .. 76,940 18 5 section 40, Public Revenues Act, 1926 .. 410 11 4 Interest on investments .. .. .. 841 2 8 £110,182 5 5 £110,182 5 5 Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d Land for Settlements Account— Land on hand at 31st March, 1928 .. .. 124,452 0 0 Moneys provided for— £ s. d. £ s. d. Railways Improvement Authorization Account — Purchase of land .. .. 161,592 17 1 Balance unpaid on area taken for workshops, &c. 26,389 8 0 Incidental expenses .. 6,249 4 7 Amount due from Education Department for sec-Street-formation, &c. .. 116,053 9 11 tions taken for school-sites.. .. .. 7,130 0 0 283,895 11 7 Sundry debtors for — £ s. d. Railways Improvement Authorization Act 1914 Sales of land (not yet payable) 115,111 17 11 Account —Purchase of land .. .. .. 11,660 0 0 Principal instalments on sales 152 10 3 Interest on sales .. .. 1,093 8 4 295,555 11 7 Rents .. .. .. 598 2 3 Less repayments under section 116,955 18 9 11 (2). Hutt Valley Lands Interest accrued but not payable at 31st March, Settlement Act, 1925— £ s. d. 1928 .. . . .. .. .. 327 18 1 Land for Settlements Account 95,366 11 5 Cash in the Public Account .. .. .. 23,833 710 Railways Improvement Authorization Act 1914 Account .. .. 11,660 0 0 107,026 11 5 188,529 0 2 Land for Settlements Account—lnterest on capital provided for purchase of land, &c. .. 26,773 19 2 Railways Improvement Authorization Act 1914 Account —Interest on cost'of land .. .. 1,014 14 1 Consolidated Fund —For administration expenses 5,452 13 9 Instalments paid in advance .. .. 377 7 1 Profit and Loss Account—Balance carried forward 76,940 18 5 £299,088 12 8 £299,088 12 8 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.