B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT —continued. SECONDARY EDUCATION ENDOWMENT ACCOUNT. Receipts and Payments Account foe the Year ended 31st March, 1935. Receipts. Payments. £ s. d. To Balance in Treasury Deposit Ac- By Administration expenses .. .. .. 645 15 10 count at Ist April, 1934— £ s. d. £ s. d. Repairs and maintenance .. .. .. 1 010 Q aB |j .. 5,493 16 8 Payments to secondary schools .. .. 13,31112 6 Investments .. .. 600 0 0 Balance in Deposit Account at 6,093 16 8 31st March, 1935— £ s. d. Rents under section 30, Education Reserves Cash .. .. .. 5,784 17 9 Act, 1928 .. .. •• •• 14,197 13 1 Investments .. .. 600 0 0 Interest on cash held by the Public Trustee .. 27 17 2 6,384 17 9 Interest on investments .. .. .. 24 0 0 £20,343 6 11 £20,343 6 11 Revenue Account for the Year ended 31st March, 1935. j) r- £ s. d. Or. £ s. d. To Administration expenses .. .. .. 714 1 0 By Accrued rent, &c. .. .. .. 13,030 4 2 Repairs and maintenance .. * .. . . 10 10 Interest on cash held by the Public Trustee .. 27 17 2 Irrecoverable rents .. . • • • 47 4 6 Interest on investments .. .. .. 24 0 0 Remissions of rent, &c. — £ s. d. Land Act, 1924 .. .. 120 16 9 Mortgagors and Tenants Relief Act, 1933 .. • • .. 284 9 3 405 6 0 Balance carried down .. .. ■■ 11,914 9 0 £13,082 1 . 4 £13,082 I 4 £ s. d. £ s. d. To Payments to secondary schools .. .. 13,31112 6By Balance from previous year .. .. 9,118 10 4 Balance carried forward .. .. •• 7,721 610 Balance brought down .. .. .. 11,914 9 0 £21,032 19 4 £21,032 19 4 Balance-sheet as at 31st March, 1935. Liabilities. £ s- d. Assets. Capital .. •• •• •• •• 208,082 12 9 Endowment lands— £ s. d. £ s. d. Appreciation in land-values .. .. 52,062 7 3 Leased .. .. 242,738 13 11 Public Works Fund—Roading (section 17, Land Unleased .. .. .. 17,692 6 2 Laws Amendment Act, 1927) .. .. 2,235 17 11 260,431 0 1 Sundry creditors— £ s. d. Sundry debtors for rent .. .. 4,426 4 6 Rents .. . • • • 244 15 9 Postponed rent — Departmental 239 16 6 Land Act, 1924 .. .. 1,004 9 5 484 12 3 Mortgagors and Tenants Relief Rents due but not accrued .. .. .. 2,894 13 1 Act, 1933 .. .. 465 16 4 Deteriorated Lands Act, 1925: Suspense Account 30 0 0 1,470 5 9 Writings-ofi in Suspense .. .. • • 9 2 6 Interest accrued but not due on investments .. 217 10 Revenue Account: Balance carried forward .. 7,721 610 Losses in Suspense .. .. .. •• 9 2 6 Cash held by the Public Trustee .. .. 796 4 2 Cash in Treasury Deposit Account at 31st March, 1935— £ s. d. Cash 5,784 17 9 Investments .. .. 600 0 0 — 6,384 17 9 £273,520 12 7 £273,520 12 7 W. Robertson, Under-Secretary for Lands. Wi. 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. I". C. Campbell, Controller and Auditor-General.

7 —B. 1 [PT. IV].

49