B.—l [Pt. IV].

HAURAKI PLAINS SETTLEMENT SCHEME Rate Account as at 31st March, 1935. Dr. £ s. d. Or. £ s . d. To Maintenance of completed works . . .. 1,194 03 By Balance brought forward .. .. 1,858 3 2 Remission of rates .. .. .. .. 112 8 1 Rates levied .. .. .. .. 1*534 12 7 Balance .. .. .. .. .. 2,154 3 6 Penalty, 10 per cent. .. .. .. 67 16 1 £3,460 11 10 £3,460 11 10 Revenue Account foe the Year ended 31st March, 1935. Dr - £ s. d. Cr. £ s. d. To Interest on Public Works Fund capital .. 35,598 411 By Accrued rents .. .. .. .. 9,837 12 6 Kaihere Ferry expenses .. .. .. 194 11 9 ' Interest on sales of land .. .. .. '817 11 4 Kaihere Ferry: Half profit to County Council 4 9 4 Grazing-fees .. .. .. .. 110 9 1] Administration expenses .. .. .. 380 3 4 Ferry fares .. .. .. .. 203 10 6 Remissions of rent .. .. .. 738 13 5 Hire of plant .. .. .. . . 188 5 9 Remissions of interest .. .. .. 60 10 4 Forfeited deposits .. .. . . 7 10 0 Rebates .. .. .. .. .. 621 9 0 Net loss carried down .. .. .. 26,510 19 11 Irrecoverable rents, &c. .. . . .. 63 7 10 Premiums on conversion .. .. .. 14 10 0 £37,675 19 11 £37,675 19 11 £ s - d- £ s. d. To Net loss brought down .. .. .. 26,510 19 11 By Balance carried forward .. .. .. 228,801 9 b Balance from previous year .. .. 202,290 9 7 £228,801 9 6 £228,801 9 6 Balance-sheet as at 31st March, 1935. jTjiO/bilitics • Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. £ s. d. Public Works Fund .. .. 842,239 14 10 Land Board for settlement— Value of Crown land set apart Leased .. .. .. 186,497 911 under Act .. .. 45,000 0 0 Unleased .. .. .. 17 3 887,239 14 10 Unpaid purchase - money for Discharged Soldiers Settlement land sold on deferred payAccount : Merged transactions ments .. .. . . 15 105 II 9 under section 20, Discharged ' 213 111 18 11 Soldiers Settlement Amend- Unimproved value of land not disposed of .. 41,908 3 11 ment Act, 1923 .. .. .. 418 1 1 Improvements on adjoining Crown lands .. 7,710 0 0 Sundry creditors— Permanent reserves .. .. .. .. 8,851 0 0 Miscellaneous .. .. 2,058 9 8 Works in progress: Expenditure on land in course Departmental .. .. 9 12 6 of reclamation, including formation and metal- , ' 2,068 22 ling of roads .. .. .. .. 564,120 711 Rent charged in advance .. .. 2,382 10 0 Artesian wells— £ s. d. Rate Account .. .. 2,154 3 6 Crown tenants, Hauraki Plains 417 10 9 Payments in advance— Permanent reserves and Crown Rent • • • • ■ ■ 15 15 1 lands .. .. .. 216 10 9 Rates .. .. .. 7 8 10 634. 1 6 Instalment of principal, de- Buildings .. .. .. .. 4 504 17 7 ferred payment sales .. 111 2 Wharves .. .. '' . , \. 7 0 Instalment of interest, deferred Machinery and plant .. .. .. .. 30,956 15 1 payment sales .. .. 0 0 3 Live-stock .. ... .... ... ■ .... 31 1 6 Miscellaneous .. .. 0 7 6 Loose tools .. .. .. .. . . 996 11 10 25 210 Stores and fuel .. .. .. .. 3,930 5 5 Suspense Account .. .. .. . . 59 18 5 Stamps on hand .. .. .. .. 0 10 Writings-ofi in Suspense .. .. . 164 0 4 Sundry debtors— £ s. d. , Deposits by lessees: Surety against drain-damage 10 0 0 Rent .. .. .. 3,909 6 0 Treasury Adjustment Account .. .. 230,982 12 2 Rates ... .. '! 3'545 10 9 Instalment of principal on deferred payment sales ~ 197 17 11 Instalment of principal on buildings . . .... 762 Interest on well-boring .. 117 4 6 Interest, deferred payment sales 412 19 3 Law-costs .. .. .. 101 12 5 Tram freights and ferry fares .. 19 4 3 Grazing .. .. .. 65 13 9 Miscellaneous .. .. 5,185 17 7 Departmental .. .. 947 13 6 v- 14,510 6 1 Postponed rent .. .. .. .. 1,386 149 Postponed interest .. .. .. .. 20 3 4 Losses in Suspense .. .. .. . . 164 0 4 Interest accrued but not due .. .. .. 204 0 0 Premiums on conversion .. .. .. 116 0 0 Cash in transit from Post-office .. .. 141 19 8 Deposits Account .■. ■ .. .. 10 0 0 Revenue Account: Balance forward .. .. 228,801 9 6 £1,12.5,504 5 4 £1,125,504 5 4 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the 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. The following comments are appended : (1) In the opinion of the Audit Office interest charged on works in progress should be capitalized ; (2) a Bad Debts Reserve should be created ; (3) suggestions in reference to the treatment of expenditure on lands already handed over for settlement were made to and are at present under consideration by the Department; (4) that the accounts of the Auckland District Lands Office and Chief Drainage Engineer, the audit of which has not yet been completed by the local Audit Inspector, are in agreement with the Head Office books ; (5) no charge for the cost of exchange on payments made in London is included in the account.—J. H. Fowler, Deputy Controller and Auditor-General.

34