B.—l [Pt. IV].

W. Robertson, Under-Secretary for Lands. m W. E. Shaw, Accountant. 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, subject to the above departmental note. The following comments are appended : (1) The Cheviot Estate, Deteriorated Lands, and the Natioifal Endowment Trust Accounts have been abolished by law and are incorporated in this account. (2) Loan liability includes £217,740 which is also included in the amount, £647,528 Is. 5d., deducted as expenses in opening up Crown lands. This liability was raised under the New Zealand State-guaranteed Advances Act, 1909, and does not appear to relate to this account, and consequently should not be reflected therein. (3) The apportionment of interest earned on temporary investments between the Cheviot and General Revenue Accounts is approximate only. (4) The interest adjustments between the account and Consolidated Fund have been only approximately calculated.— 6. F. C. Campbell, Controller and Auditor-General.

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Payments in advance— Rents, &c. .. I 5,343 7 1 0 15 0 3 1 4 5,347 3 5 I Settlement landRents, &e., Adjustment Account 129,976 11 1 6,371 11 11 ,, 136,348 3 0 Expenditure on Improvements 4,890 13 0 Depreciation Reserve— Plant, &c. .. 1,764 13 6 .. .. 1,764 13 6 Expenditure on equipment .. 136 1 9 Suspense Account — Deteriorated 1,538 16 5 .. 3 18 6 1,542 14 11 Expenditure on stock .. 2,677 11 6 Lands Act i Reserve for capitalized interest on 1,371 14 6 .. .. 1,371 14 6 61,088 6 9 .. .. 61,088 6 9 development scheme Reserve Account, including unex- 1,121,913 1 7 20,619 3 4 .. ,1,142,532 4 11 Interest on capital expenditure 1,371 14 6 .. .. 1,371 14 6 pended loading for roads Sundry debtors— Writings-off in suspense .. .. 5,695 13 7 .. 3 9 6 5,699 3 1 Rents, &c. .. .. .. 172,298 3 10 3,371 10 2 Principal instalments —buildings.. 5,192 11 1 39 1511 Interest on sales of Crown lands .. 499 0 4 Interest on sales of settlement land 8,131 7 5 163 5 0 Principal instalments — Sale of 7,247 18 10 .. 515 5 0 Crown lands Principal instalments —Sale of 8,167 58 31150 settlement land Royalties .. .. .. 23 10 6 Land Laws Amendment Act, 1929, section 8— £ s. d. Rents .. .. 50 2 1 Sales .. .. 1,430 0 0 Interest .. 21 3 5 1,501 5 6 Insurances, &c. .. .. 187 3 10 Departmental .. .. .. 2,527 17 8 .. 7 12 8 205,776 4 8 3,606 6 1 522 17 8 209,905 8 5 I Postponements of rents, &c. .. I 81,285 7 11 639 18 11 j .. 81,925 6 10 Interest accrued but not due — £ s. d. On investments .. 5,063 8 4 On deferred-payment 7,401 13 0 licenses 12,465 1 4 81 10 0 .. 12,546 11 4 Interest due and unpaid on invest- 2,024 10 0 .. .. 2,024 10 0 ments Outstanding losses, Suspense Account 5,695 13 7 .. 3 9 6 5,699 3 1 Investment in Public Debt Redemp- 1,217,399 10 3 3,008 2 10 .. 1,220,407 13 1 tion Fund Consolidated Fund —Proportion of 62,676 18 5 .. .. 62,676 18 5 interest on Loan Account £ s. d. Cash .. .. 439,050 16 10 Investment Account 303,055 0 0 securities held 440,746 11 9 253,879 1 8 47,480 3 5 742,105 16 10 £14,166,552 8 11 ;£652,670 18 7 £127,690 7 6 j£14,946,913 15 0 £14,166,552 8 11 j£652,670 18 7 £127,690 7 6 £14,946,913 15 0 .Vote. — Owing to the loss of all records for the Hawke's Bay Land District as a result of the earthquake and fire of the 3rd February last, accruing charges for the year relating to that district have been estimated. A sum of £14,747 is held in Deposits Account, Miscellaneous, pending identification, when portion may be allocated to the Land for Settlements Account.