B. —1 [PT. IV], SUP. TO 1932.

NATIVE DEPARTMENT —continued. NATIVE LAND SETTLEMENT ACCOUNT —continued. Interest Account foe the Year ended 31st March, 1932. Or. £ S. d. XV. £ s. d. £ s. d. By Interest on amounts held in Investment AcTo Interest on loan capital .. 180,109 10 3 count.. .. ~ ', " 3,546 7 7 Less amount transferred to Interest on cash paid to Public Debt Kedempblocks as part purchase tion Fund .. .. .. •• r ,1 2 cos ts .. .. .. 9,154 17 9 Interest capitalized on amounts expended on J LIS L 6 «1 170,954 12 6 development schemes .. .. .. \8,926 17 8 Interest on advance from Consolidated Fund .. 86 5 0 Interest on unpaid purchase of land sold on Interest on balance of amount transferred from deferred-payment license .. .. 21,867 4 Maori Land Settlement Account, 1913-14 .. 105 9 8 Interest on resale of motor-cars to Farm Directors under hire-purchase agreements .. 16 13 10 Interest on advances under section 340, Native Land Act, 1931 (Maori Land Boards) .. 449 .15 1 Interest on Advances under subsection (7), section 522, Native Land Act, 1931 (Native settlers) .. . • • ■ • • 240 1 6 Interest on Advances under section 521, Native Land Act, 1931 (Native Trustee) .. 74 7 4 Balance transferred to Revenue Account .. 133,503 5 9 £171,146 7 2 £171,146 7 2 Revenue Account for the Year ended 31st March, 1932. D r £ s. d. Or. £ s. d. £ s. d. To Balance transferred from Interest Account .. 133,503 5 9 By Rents .. .. .. 59,189 1 0 Charges on rents — £ s. d. Royalties .. .. .. 2,425 0 6 Local bodies —"Halves," Recovery of loss .. .. 081 " thirds," and " fourths " .. 1,211 14 11 ° " Rebate of rents, &c. .. 1,929 10 7 Baiance transferred to Net Revenue Account 97,859 7 4 Remissions of rent— Ordinary.. .. .. 1,566 3 10 Under Deteriorated Land Act, 1925 .. .. •• 504 10 6 Under Discharged Soldiers Settlement Act, 1923 .. 253 2 4 5,465 22 Irrecoverable rents transferred to Suspense Account .. ■■ .. 2,374 9 1 Administration expenses (Lands Department) .. .. •• 1,796 3 4 Expenses (Native Department) — Purchase and general administration expenses .. ..2,115 111 • Native land - consolidation expenses .. .. .. 3,315 12 0 Native land-development expenses .. .. •• 7,085 13 3 12,516 7 2 Miscellaneous expenses .. .. 3,21311 Loan expenses : Stamp duty on transfer of stock, cost of raising loans, and management charges of stock.. .. .. • • 573 3 0 Writings-ofi (Native Department) .. .. 32 5 4 £159,473 16 11 £159,473 16 II Net Revenue Account for the Year ended 31st March, 1932. 2) r £ s. • d. Or. To Balance," Ist April, 1931 .. .. .. 1,123,439 9 2 By Adjustments on account of Adjustments on account of pre- previous years— £ s. d. £ s. cl vious years— £ •s. d. Lands Department: ApLand Account charges ..44,837 6 9 preciation of assets . 6,553 16 10 Miscellaneous (Lands De- Miscellaneous (Lands Department, £3,572 75.; partment) .. .. 3,864 16 11 Native Department, £48 Miscellaneous (Native De13s. 4d.) .. •• 3,621 0 4 partment) .. .. 62 14 7 48,458 7 1 — 10,481 8 4 Accumulated loss: Orakei Block .. .. 61,451 10 5 Balance, 31st March, 1932 .. .. 1,320,727 5 8 Net loss for year ended 31st March, 1932 .. 97,859 7 4 £1,331,208 14 0 £1,331,208 14 0

71