B.—l [Pγ. IV].

NATIONAL RNDOWMFA'T ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1931. Receipts. £ s. d. Payments. £ s. d. To Balance at Ist April, 1930— £ s. d. By Land Act, 1924, section 295 (2) .. .. r>.K74 3 !l Cash .. .. .. 44,158 5 in Land Aot, 1924, seotions 139, 295, and3s7, Investment Account .. 90,850 0 0 " thirds," &o. .. .. .. 3.536 4 4 135,008 5 10 Payment to universities of portion of nationalRents, &c, from national-endowment lands.. 106,046 3 7 ; endowment residue .. .. .. 13,500 Hi 7 Interest on sales of land .. .. .. 3,097 8 1 ; Transfer to vote " Education "of portion of Transfer from State Forests Account in terms nil ional-endowment residue .. .. 81,004 111 8 of section 39 (2), Forests Act. I !121 22 .. 9,494 12 8 j Portion of national-endowment residueapplied Interest on investments— for payment of old-age pensions .. .. 10,502 !• !) National-endowment moneys .. .. 2,.">:!(> 5 7 Refunds arising from operation of section <>, National-endowment trust moneys .. 2,270 16 1 Deteriorated Lands Ad. I!I25 .. .. i>4l l"> 4 Balance. I! Ist March, 1931 .. .. 113,393 2 7 £258,453 11 10 £258,453 11 10 Revenue Account for the Year ended 31st March, 1981. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 5,601 9 2 By Accrued rents .. .. .. .. 133,616 7 .! Remissions— Accrued royalties .. .. .. 3.120 12 4 I'nder Land Act, 1924 .. .. .. HO4 4 11 Accrued interest.. .. .. .. 4,248 6 10 I'nder Deteriorated Lands Act, 1925 .. 2,364 o 10 Coal rente .. .. .. .. 1,104 :S 8 By Dominion Revaluation Board .. 38 8 0 Royalties from State forests .. .. 5,244 6 6 Rents written off —Writings-off in Suspense.. 1,933 17 2 Interest on investments— Interest charges under section 20 (3), Dis- National-endowment moneys .. .. 1,386 0 !> charged Soldiers Settlement Amendment National-endowment trust moneys .. 1,795 10 4 Act, 1923 .. .. .. .. I'll 14 3 Rebates .. .. .. .. 2,092 6 3 Commission on coal rents. . .. .. 53 6 9 ■■Thirds-' .. .. .. .. 3,548 14 5 Balance, carried down .. .. .. 133,733 6 0 £150,514 7 9 £150,514 7 9 £ s. d. £ s. d. To Contributions for education and old-age By Balance brought down .. .. .. 133,733 6 0 pensions .. .. .. .. 113,393 2 7 ' Balance from previous year .. .. 8,751 3 1 Adjustment account, previous yi'ar .. SJ2 Lβ 4 Balance, carried forward .. .. .. 28,2(iS In 2 £142,484 9 1 £142,484 9 1 Note. — Owing to the loss of all records for the Hawke's Bay Land District as fl result of the earthquake and fire of 3rd February last, acoruing oharges for the year relating to that district have been estimated pending the re-establishment of records. Balance-sheet as at 31st March, 1931. Liabilities, £ s. d. Assets. Capital A (fount .. .. .. .. 4,048,199 0 10 ! Land — £ s. d. £ s. d. Public Works Fund .. .. .. 701 2 7 Leased .. .. 3,532,950 17 1 Merged interests under section 20, Discharged Unleased .. .. 405,184 8 6 Soldiers Settlement Amendment Act, 3,928,135 3 6 1923— £ s. d. Land subject to section 8, Land Laws Amend Advances .. .. 6,318 19 0 ment Act, 1929 .. .. .. 1,095 4 2 Instalment, principal .. 188 15 4 Buildings .. .. .. .. 1,014 1 3 Instalment, interest .. 434 7 8 National Endowment Trust Aocouni .. 126,306 13 6 6,942 2 0 Sundry debtors for— K B. d. Sundry creditors— Reiil .. .. 61,192 13 0 Contribution for education Less reserve . . .. 750 0 0 and old-age pensions .. 113,393 2 7 Departmental .. .. 24 16 1 60,442 13 0 Miscellaneous .. .. 12 lit 6 Royalties .. .. 4,714 8 8 118,430 IS 2 Coal rents .. .. 899 Iβ 9 Payments in advance [nteiest on sales .. 1,346 \'< 8 Rente .. .. 756 19 I Principal instalments on Interest on sales. . .. Id In <| buildings .. .. 90 \2 (i Royalties .. .. r> 13 1 Departmental .. 6,871 22 77:: 3 2 74,365 8 7 Rents charged in advance .. .. .. 50,025 3 o Postponed rents .. .. .. .. 1,609 II 0 Overpaid rents in Suspense resulting from Interest on sales accrued hut not due .. 958 7 0 capital reductions under Deteriorated Lands Losses in Suspense Aooount .. .. 1,439 17 2 Act, nil , :, .. .. .. .. 1,486 711 Cash—Balance, 31st Maroh, 1931 .. .. 113,393 2 7 Buildings Suspense Account .. .. r>l :( !l Writings-off in Suspense .. .. .. 1,439 17 2 Revenue Account —Balance forward .. 28,268 10 2 £4,251,317 8 9 . £4,251,317 8 9 Note. — Owing to the loss of al! records for the Hawke's Bay Land District as a result of the earthquake and tire of the 3rd February last, accruing charges for the year relating to that district have been estimated. A sum 0f(£14,747 is held in Deposits Vcimnl Miscellaneous, pending identification, when portion may be allocated to the National Endowment Account. W. Robertson, 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. 'Hie following comment is appended: The charges on land with respect to expenditure under section 47 of the, Land for Settlements Aet, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (6) of the Land Laws Amendment Act, 1927. —G. F. C. Campbell, Controller and Auditor-General.

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