8.-—1 [PT. IV Sup. TO 1928

49

NATIONAL ENDOWMENT ACCOUNT. Revenue Account por the Yeas ended 31st March. 1928. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 6,554 13 3 By Accrued coal rents, &c. .. .. ... 800 15 9 Deteriorated Lands Act, 1925 — £ s. d. Accrued interest on sales of land .. .. 2,263 15 6 Rents written off .. .. 6,238 15 0 Accrued rents .. .. .. .. 134,985 12 0 Remissions .. .. 1,548 14 9 Accrued royalties.. .. .. .. 17,565 1 9 7,787 9 9 Interest on National Endowment Account inDominion Revaluation Board— vestments .. .. .. .. 3,531 010 Rents written off .. .. 6,379 9 1 Interest on National Endowment Trust Account Remissions .. .. 9,327 7 7 investments .. .. .. .. 1,161 9 7 15,706 16 8 Interest on temporary transfers to other acInterest charges under section 20 (3), Dis- counts .. .. .. .. 139 16 9 charged Soldiers Settlement Amendment Act, 1923, and section 20, Land Laws Act, 1927 .. 392 13 7 Irrecoverable rents .. .. .. 5,762 8 1 Loan repayments— Section 47, Land for Settlements Act, 1925 3,250 6 6 Local Bodies' Loans Act, 1908 .. .. 2,125 4 8 Rebate .. .. .. .. .. 1,601 13 1 Remissions of rent, &c. .. .. .. 163 9 10 Survey costs .. .. .. .. 310 17 o " Thirds," " fourths," " halves" .. .. 6,801 1 9 Balance carried down .. .. .. 109,990 18 0 £160,447 12 2 £160,447 12 2 £ s. d. £ s. d. To Contribution for education and old-age pensions 135,619 6 8 By Balance brought down .. .. .. 109,990 18 0 Balance.. .. .. .. .. 10,055 0 10 Balance from previous year .. .. 32,067 11 2 Adjustment on account of previous year . 3,615 18 4 £145,674 7 6 £145,674 7 6 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. Assets. Capital Account .. .. .. ..4,446,961 6 1 National endowment lands— £ s. d. £ s. d. Discharged Soldiers Settlement Account (section Leased .. .. 3,705,170 10 10 20, Discharged Soldiers Settlement Amend- Unleased .. .. 675,259 6 1 Act, 1923 .. .. .. .. 7,314 14 3 4,380,429 16 11 Principal instalments under section 20, Dis- National Endowment Trust Account .. .. 73,940 6 6 charged Soldiers Settlement Amendment Act, Buildings—Unpaid purchase-price not yet due 1,130 8 10 1923 .. .. .. .. .. 42 711 Sundry debtors— Interest under section 20, Discharged Soldiers Instalments on buildings .. .. .. 17 12 8 Settlement Amendment Act, 1923 .. .. 148 14 1 £ s. d. Buildings Suspense .. .. .. 66 17 4 Rents, &c. .. .. 41,767 9 6 Sundry creditors — Less reserve for irrecoverable Miscellaneous .. .. .. .. 167 0 5 rents .. .. .. 750 0 0 Endowments payable for education and old- 41,017 9 6 age pensions .. .. .. .. 135,619 6 8 Royalties .. .. .. .. 6,175 2 0 Payments in advance — Miscellaneous .. .. .. .. 21 ] 3 5 Rents, &c. .. .. .. .. 760 7 3 Interest on sales.. .. .. .. 206 10 1 Interest on sales.. .. .. -. 37 12 9 Coal rents, &c. .. .. .. .. 531 16 5 Overpaid rents resulting from reduction in value Royalties recoverable from State Forest under Deteriorated Lands Act .. .. 4,223 11 0 Account in terms of section 39 (2), Forests Rents charged in advance .. .. .. 49,543 6 11 Act, 1921-22 .. .. .. .. 7,468 ]0 2 Writings off Suspense .. .. .. 830 1 9 Interest on temporary transfers .. .. 3 5 9 Revenue Account —Balance.. .. .. 10,055 010 Postponed rents .. .. .. .. 6,123 6 6 Outstanding rents—Suspense .. .. 830 1 9 Accrued but not yet due— Interest on National Endowment Account investments .. .. .. .. 989 13 0 j Interest on National Endowment Trust Account investments .. .. .. 307 15 l j Interest on sales.. .. .. .. 501 7 8 Royalties .. .. .. .. 455 0 0 Cash in Deposits Account —Miscellaneous .. 14 4 £ s. d. Cash in Public Account .. 26,989 6 8 Cash in Investment Account .. 98,630 0 0 Temporary transfers (section 40, Public Revenues Act, 1926) .. 10,000 0 0 135,619 6 8 £4,655,770 7 3 £4,655,770 7 3 J. R. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 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 Capital Account includes the total amount for which the land was loaded for roading, &c., whereas the unexpended portion of such amount (if any) and the liability to the Opening-up Crown Lands Account and to Consolidated Fund should be separately shown. —G, F, C. Campbell, Controller and Auditor-General.

7 —B. 1 [FT, IV SUP. TQ 19'28].