B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT—continued. PRIMARY EDUCATION ENDOWMENT DEPOSIT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1935. Receipts. Payments. £ s. d. To Balance— £ s. d. £ s. d. By Payments for primary-education purposes .. 115,264 8 1 Cash in Deposit Account .. 5,875 19 7 Administration expenses .. .. .. 6,160 14 9 Investment Account .. 11,850 0 0 Maintenance and repairs .. .. .. 171179 17,725 19 7 Survey costs, &c. .. .. .. 164 0 8 Rents, &e., under section 30, Education Purchases of land, section 27, Education Reserves Act, 1928 .. .. .. 121,005 17 5 Reserves Act, 1927 .. .. .. 22 0 0 Interest on cash and investments held by the Balance— £ s. d. Public Trustee .. .. .. 755 3 10 Cash in Deposit Account .. 14,735 17 10 Sales under section 27, Education Reserves Act, Investment Account .. 11,850 0 0 1928.. .. .. .. .. 8,395 18 3 26,585 17 10 Interest on sales .. .. .. .. 12 0 0 Interest on investments . . .. . . 474 0 0 £148,368 19 1 £148,368 19 1 Revenue Account for the Year ended 31st March, 1935. Dr. £ s. d. I Gr. £ s. d. To Administration expenses .. .. .. 6,056 211j By Accrued rents .. .. .. .. 115,059 510 Maintenance and repairs .. .. .. 171 17 9 Accrued royalties .. .. .. 1,939 4 .10 Survey costs, &c. .. .. .. 91 14 11 Accrued interest on sales .. .. .. 107 18 7 Remissions of rents, <fcc., Interest on cash and investments held by the granted— £ s. d. Public Trustee .. .. .. 771 5 11 Land Act, 1924 .. .. 11,480 12 10 Interest on investments .. .. .. 474 0 0 Mortgagor's and Tenants Relief Act, 1933 .. 990 4 11 Deteriorated Lands Act, 1925 68 16 7 12,539 14 4 Depreciation reserve on buildings .. .. 24 11 0 Irrecoverable rents .. .. . . 126 17 2 Interest under section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. 21 4 2 Balance carried down .. .. .. 99,319 12 11 £118,351 15 2 £118,351 15 2 £ s. d. £ a. d. To Payments for primary-education purposes .. 115,264 8 1 By Balance from previous year .. .. 80,101 12 6 Balance.. .. .. .. .. 64,156 17 4 Balance brought down .. .. .. 99,319 12 11 £179,421 5 5 j £179,421 5 5 Balance-sheet as at 31st March, 1935. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 2,471,099 8 7 Endowment lands — £ s. d. £ s. d. Public Works Fund: Roading (section 17, Land Leased .. .. .. 2,342,788 9 7 Laws Amendment Act, 1927) .. .. 3,721 2 8 Unleased .. .. 81,900 3 9 Discharged Soldiers Settlement Ac- Land for Settlements Account : Merged interest under count, section 6, Land section 20, Discharged Soldiers Laws Amendment Act, Settlement Amendment Act, 1929 .. .. .. 177 19 1 1923— £ s. d. 2,424,866 12 5 Advances .. .. .. 403 10 0 Buildings (included in the Principal instalment .. .. 103 17 4 capital value of leases) .. 1,213 0 5 Interest .. .. 76 3 1 Less Depreciation Reserve.. 265 19 4 583 10 5 947 1 1 Sundry creditors: Departmental .. .. 1,771 12 3 Buildings (purchase-price not Rents due but not accrued .. .. .. 23,012 16 3 yet payable) .. .. .. 5.730 5 2 Amounts paid in advance — Sundry debtorsRents .. .. .. .. 407 6 3 Rents .. .. .. 68,61126 Royalties .. .. .. 9 0 0 Royalties .. .. 1,504 18 4 416 6 3 Sales of land .. .. 180 0 0 Deteriorated lands : Suspense Account .. 106 9 6 Principal instalments on Writings-off in Suspense .. . . .. 20 13 4 buildings . . .. 215 3 9 Revenue Account: Balance carried forward .. 64,156 17 4 Interest on cash and investments .. .. 56 18 3 70,568 2 10 Postponed rents— Land Act, 1924 .. .. 13,512 1 5 Mortgagors and Tenants Relief Act, 1933 .. .. 719 19 0 — 14,232 0 5 Interest accrued but not due— Investments .. .. 57 2 9 Sales of buildings .. 23 5 8 80 8 5 Losses in Suspense .. .. .. 20 13 4 Cash and investments with Public Trustee .. .. .. 21,857 15 1 Cash in Consolidated Fund Deposits Account— Cash .. .. .. 14,735 17 10 Investments .. .. 11,850 0 0 26,585 17 10 £2,564.888 16 7 £2,564,888 16 7 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the 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 comments are appended : (1) 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) (6) of the Land Laws Amendment Act, 1927 ; (2) to avoid delay, the accounts of some land districts, the audits of which have not been completed by the local Audit Inspectors, have been accepted from the Department's records. —G. F. C. Campbell, Controller and Auditor-General.

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