B.—l [PT. IV SUP. to 1928].

50

NATIONAL ENDOWMENT TRUST ACCOUNT. Receipts and Payments Accounts fob the Year ended 31st March, 1928. Receipts. Payments. To Balance at Ist April, 1927 — £ s. d. £ s. d. By Expenditure under section 49 (2) and (3), Land £ s. d. Cash in Public Account .. 5,448 13 8 for Settlements Act, 1925.. .. .. 303 1 9 Investment Account .. .. 19,690 0 0 Refunds of revenue—Receipts from sales .. 9 12 9 25,138 13 8 Balance, 31st March, 1928 — £ s. d. Receipts from sales of national • endowment Cash in Public Account .. 944 6 10 lands .. .. .. .. 8,398 3 X Investment Account .. 32,290 0 0 Receipts from interest on sales .. .. 10 4 7 33,234 6 10 £33,547 1 4 £33,547 1 4 Balance-sheet as at 31st March, 1928. Liabilities. £ s. d. £ s. d. Accumulated funds .. .. .. .. 75,370 611 Unpaid purchase-price of land (not yet payable) .. 41,981 19 4 Sundry creditors for— Sundry debtors— Sales, &c. .. .. .. .. 20 1 6 Principal instalments on deferred payment .. 181 13 1 Miscellaneous .. .. .. .. 1104 Interest on sales of land .. .. .. 3 9 6 £ s. d. Cash in Public Account .. .. 944 6 10 Investment Account .. .. 32,290 0 0 • 33,234 6 10 £75,401 8 9 £75,401 8 9 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Receipts and Payments 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.