B.—l [Pγ. IVj.

HAURAKI PLAINS SETTLEMENT ACCOUNT. Rate Account as at 31st March, 1931. !*• £ s. d. , Gr. £ s. d To Rates written off .. .. .. .. 188 2 6 By Rates levied .. .. .. .. 3,038 19 8 Cost of maintenance .. .. .. 2,414 3 2 Penalty.. .. .. .. .. 11l 4 4 Balance .. .. .. .. .. 547 18 4 £3,150 4 0 £3,150 4 0 Revenue Account for the Year ended 31st March, 1931. Dγ- £ a. d. I Or. £ s. d. To Interest on debentures issued under Hauraki IBy Accrued rent .. .. .. .. 9,879 13 2 Plains Settlement Act, 1926 .. .. 31,850 3 3 i ' Accrued royalties .. .. .. 161 010 Interest on expenditure from Public Works Grazing fees .. .. .. .. 100 13 8 Fund .. .. .. .. 202 16 0 I £ s. d. Administration expenses .. .. .. 408 11 9 I Tram freight and ferry fares 485 13 2 Remissions of rent and interest .. .. 218 06 : Less half profits Kaihere Ferry Remissions by Dominion Revaluation Board .. 9 9 0 to County Council .. 26 15 2 Rebates-rent and interest .. .. .. 595 8 3 458 18 0 Interest on temporary advances ... .. 39 9 0 Interest on investments .. .. .. 277 18 4 Expenses raising loans .. .. .. 29 15 1 Interest on sales of land .. .. .. 413 1 5 Irrecoverable rents, &e. .. .. .. 239 5 3 Interest allowed on sinking-fund contribution.. 351 16 8 Miscellaneous .. .. .. .. 112 1 5 Net loss carried down .. .. .. 21,837 14 7 £33,592 18 1 £33,592 18 1 £ s. (I. £ s. d. To Net loss brought down .. .. .. 21,837 14 7! By Balance carried forward .. .. .. 123,759 1 5 Balance from previous year .. .. 101,921 6 10 £123,759 1 5 £123,759 1 5 Balance-sheet as at 31st March, 1931. Liabilities. Assets. Capital Account — £ s. d. £ s. d. Improved land handed over to Debentures issued under Hau- Land Board for settlement - £ s. d. £ s. d. raki Plains Act, 1926— Leased .. . . .. 184,656 1 3 Debentures at— £ Unleased .. .. .. 12,702 7 8 3£ per cent. .. 60,000 197,358 811 3 J per cent. .. 25,000 Unpaid purchase price of land sold on deferred 4 per cent. .. 591,500 payment.. .. .. .. .. 12,426 15 9 4J per cent. .. 122,500 Unimproved land not disposed of .. .. 42,325 14 11 5£ per cent. .. 10,000 Improvements on adjoining Crown lands .. 7,710 0 0 809,000 0 0 i'(nnanent reserves .. .. .. .. 8,851 0 0 Expenditure from Public Works Works in progress —Expenditure on land in process Fund • • •• •• 5,070 0 0 of reclamation, including formation and Value of Crown lands set apart metalling of roads .. .. .. .. 501,272 12 9 under the Act .. .. 45,000 0 0 Artesian wells — £ s. d. 859,070 0 0 Crown tenants, Hauraki Plains 661 0 2 Discharged Soldiers Settlement Account—Merged Permanent reserves and Crown lands 216 10 9 interests under section 20. Discharged Soldiers 877 10 11 Settlement Amendment Act, 1923 .. .. 441 18 1 Buildings .. .. .. .. .. 5,887 3 0 Consolidated Fund— Wharves .. .. .. .. .. 4,326 15 0 Interest on debentures under £ s. d. Machinery and plant .. .. .. 46,767 311 Local Bodies' Loans Act, 1908 22,083 6 8 Live-stock .. .. .. .. .. 81 11 0 Interest on expenditure out of Loose tools .. .. .. .. .. 307 9 11 Public Works Fund .. 4,664 8 0 Stores and fuel .. .. .. .. 5,191 5 8 Interest on temporary transfers Stamps on hand .. .. .. .. 0 3 0 from other accounts .. 628 9 11 Sundry debtors — £ s. d. Rates unpaid, 1917-21 .. 47 15 0 Rent.. .. .. .. 2,632 3 8 Interest on debentures under Rates .. .. .. 3,232 7 6 Hauraki Plains Act, 1926 .. 95,132 1 2 Instalments of principal on de122,556 0 9 ferred-payment sales .. 171 11 8 Interest on debentures accrued but not due .. 6,113 10 3 Interest on deferred - pavment Sundry creditors — £ s. d. sales .. .. .. 157 11 8 Departmental .. .. 1,257 5 11 Interest on well-boring .. 96 12 2 Miscellaneous .. .. 2,478 5 3 Law-costs .. .. .. 93 8 10 3,735 11 2 1 Ferry fares and tram freights .. 114 811 Rents charged in advance .. .. 2,251 0 0 Grazing .. .. .. 66 2 0 .Rate Account .. .. .. .. 547 IS 4 Royalties .. .. .. 205 7 10 Suspense Aocount .. .. .. 87 0 8 Departmental .. .. 1,367 11 9 Writings-off in suspense .. .. .. 301 1 2 Miscellaneous.. .. .. 5,676 6 0 Payments in advance— £ s. d. . 13,813 12 0 Rent .. .. .. 59 15 7 Postponed rent .. .. .. .. 269 17 9 Interest on deferred-payment sales 10 0 Losses in suspense .. .. .. .. 301 1 2 Rates .. .. .. 610 11 Interest accrued but not due on sales of land .. 88 0 0 .Miscellaneous .. .. 22 4 Investment in Public Debt Redemption Fund .. 9,147 13 2 69 810 Revenue Account—Balance forward .. ..123,759 1 5 Cash in transit from Post Office .. .. 469 2 1 J Cash in Public Account .. .. .. 13,941 6 1 £995,173 9 3 £995,173 9 3 W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. I hereby certify that the Rate and 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. The following comments are appended: (1) In the opinion of the Audit Office interest charged on works in progress should be capitalized. (2) A Bad Debt Reserve should be created. (3) Suggestions in reference to the treatment of expenditure on lands already handed over for settlement were made to and arc fit present under consideration by the Department.- G. F. C. Campbell, Controller and Auditor-General,

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