37

B. —1 [PT. T V Sup. TO 1928].

LANDS AND SURVEY DEPARTMENT—continued. PRIMARY-EDUCATION ENDOWMENT DEPOSITS ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1928. Receipts. £ s. d. To Balance in Deposits Account at Ist April, 1927 9,051 011 Payments. £ s. d. Rents under section 4, Education Reserves By Payments for primary-education purposes .. 114,966 11 11 Amendment Act, 1924 .. .. .. 120,991 0 5 Administration expenses .. .. .. 5,975 0 9 Sales under section 4, Education Reserves Survey costs, &c. .. .. .. 184 8 0 Amendment Act, 1924 .. .. .. 7,101 16 11 Maintenance and repairs .. .. .. 323 11 3 Interest on cash and investments held by Refunds of revenue .. .. .. 708 9 8 Public Trustee .. .. .. 1,167 1 2 Balance in Deposits Account, 31st March, 1928 16,152 17 10 £138,310 19 5 £138,310 19 5 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Loan repayments (principal and interest) By Accrued rents, &c. .. .. .. 119,959 4 2 under section 47, Land for Settlements Act, Interest on cash and investments held by 1925 .. .. .. .. 286 9 11 Public Trustee .. .. .. 1,171 5 8 Interest under section 20, Discharged Soldiers Balance from previous year .. .. 3,123 5 6 Settlement Amendment Act, 1923 .. 23 7 7 Balance .. .. • • • • 323 13 1 Irrecoverable rents .. .. .. 862 14 7 Administration expenses .. .. .. 6,053 17 2 Survey costs .. .. .. .. ]77 1 0 Maintenance and repairs .. .. .. 254 0 5 Remissions of rent .. .. .. 160 6 4 Remissions and reductions of rent under the Deteriorated Lands Act, 1925 .. .. 963 2 4 Remissions and reductions of rent granted consequent upon determinations of Dominion Revaluation Board under Discharged Soldiers Settlement Amendment Act, 1913 .. .. .. .. 829 17 2 Payments for primary-education purposes .. 114,966 11 11 £124,577 8 5 £124,577 8 5 Balance sheet as at -31st March, 1928. Liabilities. £ s. d. Assets. Capital, including loading for roads, &c. .. 2,425,170 8 6 Endowment lands — £ s. d. £ s. d. Discharged Soldiers Settlement Account (merged Leased .. .. 2,306,648 4 5 interests under section 20, Discharged Soldiers Unleased .. .. 75,965 2 6 Settlement Amendment Act, 1923) .. 456 10 5 • 2,382,613 6 11 Sundry creditors, miscellaneous .. .. 47 19 10 Unpaid purchase price (not yet payable)— Principal instalments under section 20, Dis- Land .. .. .. .. .. 676 13 4 charged Soldiers Settlement Amendment Act, Buildings .. .. .. .. 5,076 12 7 1923 .. .. .. .. . . 19 0 4 Sundry debtors for— £ s. d. Interest under section 20, Discharged Soldiers Rents .. .. .. 17,160 51 Settlement Amendment Act, 1923 .. .. 28 10 2 Less reserve for irrecoverPayments in advance— able rents .. .. 200 0 0 Rents, &o. .. .. .. .. 2,269 18 4 16,960 5 1 Buildings, principal instalments .. .. 0 9 6 Royalties .. .. .. .. 1395 Sales .. .. .. .. .. 84 10 0 Principal instalments on buildings .. .. 44 6 10 Rents, &c., charged in advance .. .. 22,916 12 10 Principal instalments for sales .. .. 10 0 0 Writings off in Suspense .. .. .. 558 15 6 Miscellaneous .. .. .. .. 15 10 4 Interest on cash and investments .. .. 26 15 0 Postponed rent .. .. .. .. 7,189 9 0 Interest accrued but not due on investments .. 18 5 5 Losses in Suspense.. .. .. .. 558 15 6 Revenue Account —Balance.. .. .. 323 13 1 Investments held by Public Trustee .. .. 2,050 0 0 Cash held by Public Trustee .. .. 19,822 15 1 Cash in Public Account .. .. .. 16,152 17 10 £2,451,552 15 5 £2,451,552 15 5 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 Capital Account includes the total amount for which the land was loaded for roading, &c., whereas the unexpended portion (if any) and liability to the Opening-up Crown Lands Account should be shown separately.—G. P. C. Campbell, Controller and Auditor-General.