B.—l [Pt. IV].

LANDS AND SURVEY DEPARTMENT— continued. HUTT VALLEY LAND SETTLEMENT ACCOUNT. Trading Account for the Year ended 31st March, 1931. Dr. £ s. d. Cr. £ a. d. To Land on hand, Ist April, 1930 .. .. 66,562 00| By Sales of land .. .. .. .. 7,005 0 0 Forfeited sections .. .. .. 4,396 5 0 * Land on hand, 31st March, 1931 .. .. 64,135 0 0 Cost of subdivision, street-formation, and Balance —Transferred to Profit and Loss expenses in preparing land for sale* .. 1,008 010 Account .. .. .. .. 2,792 14 2 Purchase of land during year .. .. 1,902 14 8 ! Incidental expenses* .. .. .. 63 13 8 £73,932 It l> £73,932 14 2 ♦ Koadin<s costs and miscellaneous expenses apportioned between Trading Account and Appropriation Account on an area basis. Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. ' Cr. £ s. d. To Balance transferred from Trading Account .. 2,792 14 2 By Accrued interest .. .. .. .. 12,534 4 9 Administration expenses .. .. .. 454 18 9 Accrued rent .. .. .. .. 170 2 5 Interest on capital provided out of Land for Interest on investments .. .. .. 178 14 9 Settlements Account .. .. .. 6,439 110 Excess amounts in respect of land sold paid Exchange on money remitted to London for under section 5 (4) (o) of Hutt Valley Lands investment .. .. .. .. 27 6 0 : Settlement Amendment Act, 1927 .. 5118 10 Losses written oIT.. .. .. .. 86 12 7 Balance, net profit for year, carried down .. 3,134 7 5 £12,935 0 9 £12,935 0 9 Profit and Loss Appropriation Account, Dr. £ s. d. ' Cr. £ s. d. To Roading, &c, Account* .. .. .. 6,845 8 6 By Balance brought forward .. .. 148,795 10 10 Miscellaneous expenditure* .. .. 432 8 9 Net profit for year ended 31st March, 1931 .. 3,134 7 5 Net profit to 31st March, 1931 .. .. 144,652 1 0 £151,929 18 3 £151,929 18 3 ♦ Roading costs and miscellaneous expenses for year apportioned between Trading Account and Appropriation Account on an area basis. Balance-sheet as at 31st March, 1931. lAaliiliUis. Assets. £ s. d. Land for Settlements Account— Land on hand .. .. .. .. 64,135 0 0 Moneys provided for— £ s. d. £ s. d. Railways Improvement Authorization Act 1914 Purchase of land .. 164,715 11 9 Account—Balance unpaid on area taken for St root-formation.. .. 206,915 5 5 workshops .. .. .. .. 26,389 8 0 Incidental expenses .. 11,119 3 8 Sundry debtors fog.r— £g. d. 382,750 010 : Sales of land (not yet payable) 221,000 410 Railways Improvement Authorization Act, 1914 — Land taken for school-sites — Purchase of land .. .. .. .. 11,660 0 0 Education Department .. 3,500 0 0 Rents .. 51 1 0 394,410 0 10 Principal instalments .. 769 5 4 Less repayments under section Interest on sales .. .. 3,993 3 4 11 (2) of the Hutt Valley Miscellaneous .. .. 16 10 0 Lands Settlement Act, 1925— £ s. d. 229,330 4 C Land for settlements .. 256,740 5 3 Interest accrued but not due.. .. .. 1,165 16 10 Railways Improvement Au- Outstanding losses in Suspense .. .. 57 14 0 thorization Act, 1914 .. 11,660 0 0 Cash in Public Account .. .. .. 138 13 10 268,400 5 3 Capital .. .. .. .. .. 126,009 15 7 Land for settlements—lnterest on capital provided for purchase of land, &c. .. .. 49,477 9 Railways Improvement Authorization Act, 1914 — Interest on cost of land .. .. .. 1,014 14 1 Sundry creditors —Miscellaneous .. .. 1 10 0 Payments in advance— £ s. d. Interest on sales .. .. 0 9 2 Principal instalments .. 0 9 2 0 18 4 Rents duo but not accrued .. .. .. 2 15 0 Writinge-off in Suspense .. .. .. 57 14 0 Profit and loss appropriation .. .. 144,652 1 0 £321,216 17 2 £321,216 17 2 W. Robertson, Under-Seeretarv for Lands. Wμ. E. Shaw, Accountant. I hereby certify thai the Trading Account, I'mlit and Loss 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, subject to the above departmental note. —G. F. C. Campbell, Controller and Auditor-General.

86