B. —1 [PT. IV], SUP. TO 1932.

LANDS AND SURVEY DEPARTMENT—continued. SECONDARY EDUCATION ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1932. Receipts. £ s. d. £ s. d. Payments. £ a. d. To Balance in Deposit Account, By Payments to secondary schools .. .. 8.010 17 1 Ist April, 1931— Administration expenses .. .. .. 475 5 1 C as h .. .. .. 3,858 7 5 Maintenance and repairs .. .. .. 45 5 9 Investments .. .. 600 0 0 Rotorua College and Grammar School .. 640 8 0 4,458 7 5 Refunds of revenue.. .. .. .. 10 10 6 Rents under section 30, Education Reserves Balance in Deposit Account at Act, 1928 .. .. •• •• 9,442 12 6 31st March, 1932 — £ s. d. Sales under section 27, Education Reserves Act, Cash .. .. .. 4,474 2 5 1928 .. .. .. .. • • 246 0 0 Investments .. .. 600 0 0 Interest on investments .. .. .. 27 0 0 5,074 2 5 Interest on cash and investments held by Public Trustee .. .. ■ • • • 82 8 11 £14,256 8 10 £14,256 8 10 Revenue Account for the Year ended 31st March, 1932. jf>. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 495 I 8 By Accrued rent .. .. .. .. 13,084 7 7 Irrecoverable rents .. .. .. 59 11 5 Interest on cash held by Public Trustee .. 40 13 2 Remissions under Land Act, 1924 .. .. 363 1 3 Interest on investments .. .. .. 27 0 0 Repairs and maintenance .. .. .. 45 5 9 Rotorua College and Grammar School .. 640 8 0 Payments to secondary schools .. .. 8,010 17 1 Balance carried down .. .. * • 3,537 15 7 £13,152 0 9 £13,152 0 9 £ s. d. £ s. d. To Balance .. .. . • •• •• 8,612 6 3 By Balance from previous year .. .. 5,026 2 7 Adjustment on account of previous year — Hawke's Bay District, &c. .. .. 48 8 1 Balance brought down .. .. .. 3,537 15 7 £8,612 6 3 £8,612 6 3 Balance-sheet as at 31st March, 1932. Liabilities. £ s. d. Assets. Capital .. .. . ■ ■ • • • 208,352 9 4 Endowment lands — £ s. d. £ s. d. Appreciation in land-values .. .. .. 56, 553 8 1 Leased .. .. .. 256,584 4 9 Public Works Fund —Roading (section 17, Land Unleased .. .. .. 10,587 16 2 Laws Amendment Act, 1927) .. ■■ 2,235 17 11 267,172 0 11 Sundry creditors — £ a. d. Sundry debtors for rent .. .. .. 4,14,6 13 3 ft en ts .. .. .. 76 11 0 Unallocated arrears Hawke's Bay District .. 016 Departmental.. .. .. 197 10 5 Postponed rent .. .. .. .. 1,912 10 3 274 1 5 Interest accrued but not due on investments .. 919 3 Rotorua College and Grammar School .. .. 640 8 0 Overpayment to secondary schools .. .. 640 8 0 Rents charged in advance .. .. .. 3,083 8 9 Losses in Suspense .. .. .. .. 24 3 4 Writings-off in Suspense .. .. .. 24 3 4 Cash held by Public Trustee .. .. .. 796 4 2 Revenue Account balance .. .. .. 8,612 6 3 Cash in Public Account at 31st March, 1932—Deposits Account— £ s. d. Cash .. .. .. 4,474 2 5 Investments.. .. .. 600 0 0 5,074 2 5 £279,776 3 1 £279,776 3 1 W. Robertson, Under-Secretary for Lands. Wm, 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. 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) cf the Land Laws Amendment Act, 1927. —J. H. Fowler, Deputy Controller and Auditor-General.

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