B.—l [PT. IV SUP. TO 1928]

41

LANDS AND SURVEY DEPARTMENT—continued. GENERAL ACCOUNT—continued. Balance-sheet as at 31st March, 1928. Liabilities. i Assets. Capital— £ s. d. £ s. d. | Land— £ s. d. £ s. d. Interest-bearing .. 49,841 7 5 Leased .. .. 4,905,682 10 11 Non-interest-bearing .. 6,329,860 211 ! Unleased .. ..1,446,596 6 8 6,379,701 10 4 I 6,352,278 17 7 Discharged Soldiers Settlement Account (merged I Unpaid purchase price (not yet payable)— interests under section 20, Discharged Soldiers Buildings .. .. .. .. 7,406 8 8 Settlement Amendment Act, 1923 .. .. 30 ,628 6 5 Improvements .. .. .. .. 212 15 0 Public Works Fund .. .. .. 708 3 7 Machinery and instruments .. .. 22,502 9 6 Sundry creditors— Motor-vehicles .. .. .. .. 3,040 18 6 Principal instalments under £ s. d. Furniture and fittings .. .. .. 18,883 18 1 section 20, Discharged Lithographs .. .. .. .. 30,455 1 10 Soldiers Settlement Advances— £ s. d. Amendment Act, 1923 .. 446 16 11 Grass-seed and road access 4,311 18 3 Interest under section 20, Kauri-gum industry Account 800 0 0 Discharged Soldiers Settle- Kauri-gum Control Board 505 0 0 ment Amendment Act, 5 6Jg jg 3 1923 .. .. 2,068 6 11 Payments out of Consolidated Fund on account Unpaid Miscellaneous ser- of compensation for improvements.. .. 572 3 1 vices •• 4,874 18 5 Suspense Account (cost of providing access) .. 887 8 8 Miscellaneous .. .. 3,190 18 2 Sundry debtors— .. .. £ s. d. 10,581 0 5 Rents .. .. .. 98,352 14 1 Payments in advance— Less reserve for irrecoverRents .. .. .. 17,823 .18 3 able rents .. .. 1,000 0 0 Royalties .. .. 011 0 Interest on sales of Crown ; 97,352 14 1 land.. .. .. 62 15 6 Royalties .. .. 8',529 4 3 Miscellaneous office fees .. 14 3 9 Principal instalments on Principal instalments on buildings .. .. 103 17 8 buildings .. .. 20 17 9 Interest on sales of land .. 6,651 4 3 17,922 6 3 Interest on advances .. 60 10 7 Rents charged in advance .. .. .. 61,732 2 10 Miscellaneous office fees .. 818 13 5 Depreciation Reserve .. .. .. 15,795 9 0 Miscellaneous .. .. 6,739 8 4 Writings off in Suspense .. .. .. 6,040 4 8 Standard survey charges .. 3,407 11 1 Treasury Adjustment .. .. .. 113,749 16 3 123,663 3 8 Postponements—Rents .. .. .. 6,002 2 6 Sundry debtors outstanding (amounts accrued but not yet due) — £ s. d. Interest on sales of land, &c. 3,239 6 7 Royalties .. .. 119 13 5 Unexpired railway season tickets .. .. 289 9 5 3,648 9 5 Losses in suspense .. .. .. 6,040 4 8 Revenue Account .. .. .. .. 53,142 9 7 Cash in suspense .. .. .. .. 4 12 Local Bodies' Deposit Accounts of sundry Receivers of Land Revenue — Mining district land occupation rents .. .. 1,640 11 2 Thermal Springs District Act, 1910, rents .. 860 18 5 2,501 9 7 £6,636,858 19 9 £6,636,858 19 9 Note.—Contingent liability : £2,000, being balance purchase price of Stewart Island held by the Crown and on which interest at Spor cent, is being paid in accordance with agreement entered into with the then Native owners in 1864. 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, subject to the above departmental note. 1. Expenditure under the New Plymouth Endowment Act, 1874, totalling £2,976 Bs. 10d., should, in the opinion of the Audit Office, be included in the Revenue Account and shown as a charge against rents. 2. Capital Account is overstated (a) by the total amount of loading for roads, &c., (b) by £2,000 balance of principal unpaid for the purchase of lands in Stewart Island. 3. Separate capital liability bearing interest and sinking fund charges is not shown for expenditure in Crown lands under the Maori Land Settlement Act, 1905. J. H. Fowler, Deputy Controller and Auditor-General.

6 —B. 1 [Pt. IV SUP. TO 1928j.