c.—s,

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1935 —continued.

5

Assets. General. Cheviot. Hutt Valle y- Total - Land Account — £ s. d. £ s. d. £ s. d. £ s. d. £ 8 . d. Estates leased .. .. .. 10,409,315 9 1 358,385 9 1 Estates unlet .. .. .. 276,917 .9 3 365 0 0 .. 118,346 0 0 10,686,232 18 4 358,750 9 1 .. 118,346 0 0 11,163,329 7 5 Land Laws Amendment Act, 1929— Land leased .. .. .. 88,407 0 0 Land unlet .. .. .. 10,940 0 0 99,347 0 0 .. .. .. 99,347 0 0 Provisional State forest .. .. 3,158 6 6 .. .. .. 3 158 6 6 11,265,834 13 11 Unpaid purchase price (not yet payable)— Buildings on estates .. .. 114,880 9 8 20 9 7 Sales of settlement land .. .. 452,289 1 7 5,621 0 0 47,189 8 4 124,756 13 11 Sales of Crown land .. .. 517,657 8 2 Land Laws Amendment Act, 1929 — Buildings .. .. .. 249 13 1 Sales of land .. .. .. 12,703 5 2 1,097,779 17 8 5,641 9 7 47,189 8 4 124,756 13 11 1,275,367 9 6 Realization Account .. .. .. 3,290 1 5 .. .. .. 3,290 1 5 Hutt Valley estates— Purchases .. .. .. 164,760 11 9 Roading and incidental expenditure .. 225,026 3 1 Interest .. .. .. .. 71,654 12 10 461,441 7 8 Less deduction, section 11 (2a), 299,925 19 2 Finance Act, 1932 161,515 8 6 .. .. .. 161,515 8 6 Railway Department: Balance unpaid on .. .. .. 26,389 8 0 26,389 8 0 area taken for workshops Advances on mortgages — Land Laws Amendment Act, 1929— Current Account: Crown lands .. 131,102 8 7 Instalment mortgage : Crown lands 4,944 7 9 Current Account: Settlement land 19,153 15 7 Instalment mortgage : Settlement land 272 18 8 155,473 10 7 .. .. .. 155,473 10 7 Deteriorated Lands Act, 1925 — Current Account .. .. 9,911 4 7 Instalment mortgage .. .. 1,538 5 9 11,449 10 4 .. .. .. 11,449 10 4 Advances for roading of endowment lands under section 47, Land for Settlements Act, 1925— Wanganui River Trust Endowment .. 2,095 18 0 Otago University Endowment .. 1,703 10 10 3,799 8 10 .. .. 3,799 8 10 Land Laws Amendment Act, 1929 : Expenditure on development of Crown and settlement lands— Crown lands — Improvements .. .. .. 107,838 18 9 Equipment .. .. .. 10,213 9 5 Stock and Farm Accounts .. 16,309 5 1 Settlement lands — Improvements .. .. .. 108,638 9 1 Equipment .. .. .. 8,697 2 3 Stock and Farm Accounts .. 31,338 19 10 283,036 4 5 .. .. .. 283,036 4 5 Interest on capital expenditure . . 27,050 0 2 . . .. . . 27,050 0 2 Carried forward .. .. 12,532,132 6 9 364,391 18 8 47,189 8 4 269,492 111 13,213,205 15 8