51

B.—l [PT. IV SUP. TO 1928].

NATIVE DEPARTMENT. NATIVE LAND SETTLEMENT ACCOUNT. Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. • £ s. d. £ s. d. To Interest on loan capital .. 153,089 15 10 By Interest on amounts held in Less amount transferred to Investment Account .. 4,737 19 5 blocks as part of purchase Interest on cash paid to Public costs.. .. .. 9,818 8 0 Debt Redemption Fund .. 2,007 2 6 143,271 7 10 Interest on advances to Maori Interest on balance of amount transferred from Land Boards .. .. 541 1 5 Maori Land Settlement Account, 1913-14.. 105 9 8 Interest on survey liens, and interest on unpaid purchase of land sold on deferred payment license .. 18,702 10 11 25,988 14 3 Balance transferred to Revenue Account .. 117,388 3 3 £143,376 17 6 £143,376 17 6 Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Balance transferred from In- By Rents .. .. .. 59,270 3 9 terest Account .. .. .. 117,388 3 3 Royalties .. .. .. 1,223 14 11 Charges on rents — Miscellaneous recoveries .. 2,062 4 1 Local bodies — "Thirds," 62,556 2 9 "fourths," and " halves" 4,438 6 3 Balance transferred to Net Revenue Account 83,543 11 7 Loan repayments (loans raised under Local Bodies Act, 1908, and under section 47, Land for Settlement Act, 1925, for roading and other expenditure incurred in opening up land for settlements) .. 4,588 2 4* 9,026 8 7 Rebate of rents .. .. 2,975 4 9 Remissions of rent .. .. 4,611 7 10 Rents irrecoverable .. 1,166 4 8 Rents written off under Deteriorated Lands Act, 1925.. 3,078 18 4 11,831 15 7 Administration expenses (Lands Department) .. .. 2,781 12 0 Miscellaneous expenses .. 470 13 1 Purchase and general administration expenses .. 4,026 4 6 —— 7,278 9 7 Loan expenses, stamp duty on transfer of stock, and cost of raising loans and management charges of stock .. .. 574 17 4 £146,099 14 4 £146,099 14 4 * This sum is included in the contra entry "rents." Net Revenue Account for the Year ended 31st March, 1928. Dr. £ s. d. Cr. £ s. d. To Balance at Ist April, 1927 .. .. 509,029 15 7 By Balance as at 31st March, 1928 .. .. 601,241 10 10 Adjustments on account of previous year .. 8,668 3 8 Net loss for the year ended 31st March, 1928 83,543 11 7 £601,241 10 10 £601,241 10 10