B.—l [Pt. IV].

LANDS AND SURVEY DEPARTMENT— continued. secondary education endowment account. Receipts and Payments Account for the Year ended 31st March, 1931. Beceiptt. Payments. £ s. d. To Balance — £ g. d. £ s. d. By Payments to secondary schools .. .. 11,078 15 1(1 Cash in Deposit Account, Ist Administration expenses .. .. .. 722 7 7 April, 1930 .. .. 4,791 11 10 .Maintenance and repairs .. .. .. 169 1 4 J nvestment Account .. 600 0 0 Kotoma College and Grammar School .. 840 8 0 5,391 11 10 Refunds of revenue .. .. .. 268 7 9 Rents under section 30, Education Reserves .Survey costs .. .. .. .. 44 2 0 Act, 1928 .. .. .. .. 11,856 10 1 Balance—(Sales under section 27, Education Reserves Cash in Deposit Account, 31st £ B. d. Aot, 1928 .. .. .. .. 106 8 0 March, 1931 .. .. 3,8. r iB 7 5 Interest on investments .. .. .. 27 0 0 Investment Account .. 600 0 0 4,458 7 5 £17,381 9 11 £17,381 9 11 Revenue Account for the Year ended 31st March, 1931. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 620 5 4 By Accrued rent .. .. .. .. 13,096 17 6 Irrecoverable rents .. .. .. 174 8 2 Accrued royalties. . .. .. .. 0 12 H Remissions under Land Act, 1924 .. .. 20 0 0 Interest on cash held by Public Trustee .. 41 15 9 Remissions under Deteriorated Lands Act, 1()2."> 8 0 0 Interest on investments .. .. .. 27 0 0 Survey costs, &c. .. .. .. 44 2 0 Repairs and maintenance .. .. .. 169 1 4 Rotorua College and Grammar School .. l>4u 8 0 Payments to secondary schools .. .. 11,078 15 10 Balance carried down .. .. .. 411 5 3 £13,166 5 11 £13,166 5 11 £ s. d. £ s. d. To Balance .. .. .. .. .. 5,026 2 7 By Balance brought down .. .. .. 411 f> H Balance from previous year .. .. 4,614 17 4 £5,026 2 7 £5,026 2 7 NoTB. —Owing to the los-s of all records for the Hawke's Bay Land District as a result of the earthquake and fire of 3rd February last, the figures relating to the accrued rent and interest for that district have been estimated pending the re-establishment of records. Balance-sheet as at 31st March, 1931. Liabilities. £ s. d. Assets. Capital, including loading for roads .. .. 206,883 10 4 Endowment lands—• £ s. d. £ s. d. Appreciation of land-values .. .. .. 54,881 1 7 Leased .. .. .. 254,40(5 14 11 Public Works Fund —Reading (seotion 17. Land Unleased .. .. .. 9,870 0 6 Laws Amendment Act, 1927) .. .. 2,235 17 11 264,276 15 5 Sundry creditors — £ B, d. .Sundry debtors Rents .. .. .. 79 17 1 Rent, £2,686 Ids. 9d. : less reDepartmental .. .. 201 3 6 serve for irrecoverable rents, 281 (I 7 £25 .. .. 2,661 16 9 Rotorua College and Grammar School.. .. 1,280 16 0 Departmental .. .. 1 17 6 Rents charged in advance .. .. .. 2,990 10 9 Miscellaneous .. .. 41 15 8 Writing-off in Suspense .. .. .. 183 10 8 2,705 10 0 Revenue Account .. .. .. .. 5,026 2 7 Postponed rent .. .. .. .. 51 7 (i Interest accrued but not due on investments .. it 19 •'! Overpayment to secondary schools .. .. 1,280 16 0 Losses in Suspense .. .. .. .. 183 10 8 Cash held by Public Trustee .. .. .. 796 4 2 £ B. d. (ash in Deposit Account .. 3,858 7 5 Investment Account .. .. 600 0 0 4,458 7 5 £273,762 10 5 £273,762 10 5 — Note. —Owing to loss of all records for the Hawke's Bay Land District as a result of the earthquake and fire of 3rd February last, acoruing oharges for year relating to that district have been estimated. The following assets are subject to amendment: Sundry debtors, rents, and postponed rent. A sum of £14.747 is also in Consolidated Fund, Deposits Account—.Miscellaneous, pending identification when portion may be allocated to Secondary Education Endowment Deposits Account. W. Eobertson, Under-Secretary for Lands. Wμ. E. Shaw, Accountant. I hereby certify that the Statement of Receipts and Payments, 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 comment is appended : The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927. —G. F. C. Campbell, Controller and Auditor-General.

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