B.—l [PT. IV],

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

54

General - Cheviot. Na me£t Tms d t° W " Hutt ValIe y- Total. Loan capital— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ q r i 3 per cent. .. 429,800 0 0 I 3J per cent. .. 6,001,733 5 11 ... 160,918 0 0 3f per cent. .. 364,150 0 0 4 per cent. .. 5,444,779 3 11 4£ per cent. .. 37,739 12 3 5 per cent. .. 118,520 0 0 5J per cent. .. 1,500 0 0 5J per cent. .. 19,580 0 0 Funded debt, £4 33,446 6 11 19s. 5-88d. Debentures not 200 0 0 converted 12,451,448 9 0 Less reduction, Finance Act (No. 2), 1,138,600 0 0 1927 — 11,312,848 9 0 Crown lands included in estates .. 211,940 0 0 Sales of Crown lands .. .. 2,482,592 11 7 14,007,381 0 7 Less amount expended in opening up 425,473 1 10 Crown lands 13,581,907 18 9 160,918 0 0 .. .. 13,742,825 18 9 Accumulated funds — Cheviot Estate .. .. .. .. 462,705 12 1 .. .. 462,705 12 1 National Endowment Trust .. .. .. .. 111,363 13 1 .. Ill'363 13 1 Deposits by lessees under section 208, 9,445 16 3 .. q'44f; ir ■! Land Act, 1924 " " ' Sundry creditors — Interest on capital from proceeds of sales 36,454 4 5 of Crown lands Interest on loans due and unpaid .. 50 14 5 Turakina Domain . . .. .. 317 3 1 Departmental .. .. .. 317611 Miscellaneous .. .. .. 2,524 5 5 39,663 14 3 .. .. .. 39,663 14 3 Interest on loans accrued but not due .. 107,707 19 1 1,373 6 3 .. UiQ ftSl k A Hutt Valley estates — Purchases .. .. .. .. .. .. 164,760 11 9 Roading and incidental expenses .. .. .. .. 225 026 3 1 Interest .. .. .. .. .. .. .. 7L 654 12 10 461,441 7 8 Less deductions, section 11 (2a), .. .. ... 299 925 19 2 Finance Act, 1932 ' 161,515 8 6 161,515 8 6 Railway Improvements Authorization Act, .. .. .. 1,014 14 1 1 014 14 1 1914 : Interest on capital ' Land Laws Amendment Act, 1929 : Land subject to section 8— Crown Lands Account .. .. 35,41465 National Endowment Account .. 8,711 10 2 Primary Education Endowment Account 177 19 1 44,303 15 8 .. .. .. 44,303 15 8 Discharged Soldiers Settlement Account— Merged interests under section 20, Discharged Soldiers Settlement Amendment Act, 1923 — Principal .. .. .. 2,945 11 7 Instalments .. .. .. 77119 3,023 3 4 .. .. .. 3,023 3 4 Payments in advance — Rents, &c., on estates .. .. 5,710 37 12 34 .. 250 Principal instalments: Sales of Crown 4,603 6 10 .. 1 7 7 land Interest on advances under Deterio- 0 16 3 rated Lands Act, 1925 Land Laws Amendment Act, 1929 : 48 18 1 Rents, &c. _____ 10,363 49 12 34 177 250 10,379 0 8 Rents charged in advance .. .. 128,969 19 5 5,790 17 0 .. 3 14 2 134,764 10 7 Suspense Account: Deteriorated Lands 802 8 10 .. .. .. 'g02 8 10 Act, 1925 Suspense Account: Buildings .. .. 321 16 11 .. .. .. 321 10 n Writings-off in Suspense Account .. 9,861 19 2 9 8 0 .. 405 19 10 10,277 7 0 Reserves for capitalized interest on land- 27,050 0 2 .. .. .. 27' 050 0 2 development schemes Reserve Account, including unexpended 809,411 5 0 7,315 0 2 .. .. 816 726 5 2 loading for roads, &c. Profit and Loss Appropriation Account .. .. .. .. 119,887 9 11 119 887 9 11 Cheviot Estate Account, as per contra .. 262,226 7 0 .. .. .. 262 '226 7 0 National Endowment Trust Account, as 63,740 1 6 .. .. .. 63' 740 1 6 per contra — _____ £15,098,799 10 1 £638,124 6 10 £111,365 0 8 £282,829 11 6 £16,131,118 9 1