B.—l [Pt. IV].

EANGITAIKI LAND DRAINAGE ACCOUNT. Rate Accounts as at 31st March, 1931. Capital. Maintenance. Capital. Maintenance. £ s. d. £ s. d. £ s. d. £ s. d. Toßalanoe .. 232 6 4 Byßalance 349 9 3 .. Interest on capital £ s. d. Bates levied .. .. 4,310 7 3 4,988 8 1 cost ..11,874 18 2 Penalty 165 8 11 184 14 0 Less capitalized 7,874 18 2 4,000 0 0 Cost of maintenance 4,599 10 11 Less subsidy .. 1,668 15 0 .. 2,930 15 11 Rates written off .. .. 72 18 0 33 1111 Balance.. .. .. 752 7 5 1,976 7 11 £4,825 5 5 £5,173 2 1 £4,825 5 5 £5,173 2 1 Revenue Account foe Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Interest on debentures .. .. .. 20,257 610 By Interest on investments .. .. .. 16 17 3 Interest on temporary advances .. .. 23 610 Accrued rent .. .. .. • • 154 17 10 Exchange recouped to Consolidated Fund .. 15 3 3 " Thirds" .. .. .. . • 12 1 5 Capitalized interest under section 12, Finance Act, 1927 (No. 2) 7,874 18 2 Interest recoverable by rates .. .. 4,000 0 0 Balance transferred to Drainage Works Account 8,237 2 3 £20T295~T6 11 £20,295 16 11 Balance-sheet as at 31st March, 1931. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Drainage-works — Expenditure in Loan Account.. .. .. 515,500 0 0 p connection therewith (includLess loans redeemed under ' ing wages, supplies, administraPublic Debt Repayment Act, ' tion and engineering expenses, 1925—Securities cancelled and depreciation of plant and amount written off as per capitalized interest charges)— contra .. .. .. 15,500 0 0 Reduction under section 22, Loan capital as under— Finance Act, 1925 .. 375,131 0 4 Debentures at — £ -Less securities and amounts 3* per cent... 25,000 written off as per contra .. 15,500 0 0 3f per cent... 10,000 359,631 0 4 4 per cent .. 405,000 Drainage-works —cost recoverable 4 J per cent... 55,000 out of rates .. .. 205,000 0 0 51 per cent... 5,000 Capitalized interest-Section 12, 500,000 0 0 Finance Act, 1927 (No. 2) .. 40,373 1 4 Loans redeemed from Consolidated 2 f s '»ln ,! t Fund .. .. .. 2,500 0 0 Plant and machinery .. .. .. 11,740 IS 8 Less sinking fund in hands of Buildings .. .. •• •■ 1>153 5 5 Public Trustee .. .. 1,525 16 0 Loose tools .. .. •• •• 263 16 9 974 4 0 Live-stock .. .. ■ • • ■ 113 7 Consolidated Fund— Material and stores .. .. -. 769 6 4 Interest paid on loan capital .. 120,920 3 1 Fuel .. .. •• •• f* » « Interest on temporary advances 387 2 3 Land for Settlements Account .. .. 0 U 121,307 5 4 Sundry debtorsUnpaid purchase-money for land Rates .. .. •• 6,821 011 taken 210 1 1 Law-costs 121 8 4 Sundry creditors— Rents .. .. . • o I 4 Interest on debentures .. 96 13 2 Miscellaneous . .. •• * ' J Miscellaneous .. .. 617 14 5 Departmental .. .. 28 1 11 Departmental .. .. 49 5 4 — 7,012 0 8 763 12 11 Stamps on hand .. .. • • 0 b 0 Interest on debentures accrued Losses in Suspense .. .. . • 64 2 but not due 4,665 6 4 Cash 5,306 3 0 Rate Account — Capital .. .. .. 752 7 5 Maintenance .. .. 1,976 7 11 2,728 15 4 Suspense Account .. .. .. 606 11 2 Writings off in Suspense Account .. 6 4 2 Payments in advance — Rates .. .. .. 33 13 5 Rent 0 2 6 Miscellaneous .. .. 0 9 0 34 4 11 £631,296 5 3 £631,296 5 3 W. Robertson, Under-Seoretary for Lands. W. E. Shaw, Accountant. I hereby certify that the Receipts and Payments, 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.—G. F. C. Campbell, Controller and Auditor-General.

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