B.—l [FT. IV SUP. TO 1928].

52

NATIVE DEPARTMENT —continued. NATIVE LAND SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. Land— £ s. d. £ s. d. Loan Capital .. .. .. 3,647,431 18 5 Blocks fully acquired and proLiability to other accounts — claimed .. .. 2,149,406 1 0 Consolidated Fund— Orakei Block .. .. 237,517 11 0 Interest on amount trans- Blocks partly acquired and ferred from Maori Land unproclaimed .. .. 277,341 2 8 Settlement Account .. 105 9 8 Interest and purchase exInterest on loan capital .. 229,741 13 4 penses capitalized on all Maori Land Settlement Ac- partly acquired blocks — count .. .. 2,344 0 11 Interest .. .. 52,152 5 1 — 232,191 311 Purchase expenses .. 7,282 13 0 Sundry creditors— 2,723,699 12 9 Lands Department — , Surveys in progress— Deposits on application to Native blocks not acquired, acquire the freehold .. 4,569 6 3 survey liens to be registered 9,444 10 4 Survey lien (principal) .. 251 2 5 Blocks acquired by Crown .. 10,808 9 0 Payments made in advance 20,252 19 4 on account of rents .. 3,191 10 8 Dominion Revaluation Board Miscellaneous .. .. 646 17 7 reductions .. .. .. 17,086 13 2 Native Department— Unpaid purchase-money on land Purchase-money deductions, sold on deferred-payment &c. .. .. .. 1,908 9 8 licenses (principal not yet — 10,567 6 7 due and payable) .. .. .. 193,625 11 1 Reserves, Capital— Unpaid purchase-money on Roading, &c .. .. .. 153 19 6 buildings (subject to repayReserves, Revenue — ment over a term of years— Orakei Block (interest, &c.) 16,901 8 1 principal not yet due and Sinking funds (as per contra) 38,296 19 0 payable) .. .. .. .. 2,910 3 3 Audit fees .. .. 45 0 0 Survey liens— Writings off in Suspense (as Principal .. .. 194,953 0 0 per contra) .. .. 2,540 9 7 Interest .. .. .. 77,469 18 11 Irrecoverable rents .. 3,981 2 0 —— 272,422 18 11 ■ — ——— 61,764 18 8 Sundry debtors — Rents charged in advance .. .. 13,892 9 6 Principal instalments on land Interest accrued on loan capital sold on deferred-payment (not yet due and payable) .. .. 62,505 6 3 license .. .. .. 6,766 13 3 Suspense Account (land purchase) 773 5 8 Interest on land sold on deferred-payment license .. 4,270 4 2 Principal instalments on buildings sold .. .. 123 19 6 Rents .. .. .. 26,02114 10 Royalties .. .. 364 19 11 Miscellaneous (Lands Depart- 1,786 13 10 ment) Maori Land Boards (principal and interest) .. 188 15 0 -< 39,523 0 6 Postponed charges outstanding— Rent .. .. .. 14,591 19 10 Principal instalments on buildings .. .. .. 43 2 6 14,635 2 4 Interest accrued (not yet due and payable)— Advances to Maori Land Boards from Native Land Settlement Account .. 127 13 6 Treasury investments .. 1,016 4 0 Land sales .. .. 2,388 18 5 — — 3,532 15 11 Outstanding rents in suspense .. 2,540 9 7 Cash in Public Debt Redemption Fund — New Zealand State Guaranteed Advances Act, 1909 .. 26,320 3 8 Public Debt Extinction Act, 1910 .. .. .. 11,976 15 4 38,296 19 0 Add interest accumulated to date .. .. .. 13,888 5 8 52,185 4 8 Advances to Maori Land Boards from Native Land Settlement Account .. .. .. .. 13,304 17 8 Cash balances, Native Land Settlement Account— Cash in Public Account .. 8 ,086 8 9 Investment Account .. 64,000 0 0 Imprest outstanding .. 232 19 9 /\ ■. — 72,319 8 6 Net Revenue Account— Balance as at Ist April, 1928 509,029 15 7 Add adjustments on account , of Tire vions years .. 8,668 3 8 517,697 19 3 Excess of expenditure over income for 1927-28 .. 83,543 11 7 601,241 10 10 £4,029,280 8 6 £4,029,280 8 6 R. N. Jones, Under-Secretary. I hereby certify that the Revenue Accounts 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.