B.—l [PT. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account as at 31st March, 1935. Capital. Maintenance. Capital. Maintenance. . £ s - d - £ s - d - 6V. £ s. d. £ s. d. To Interest on capital cost .. 13,261 17 6 By Balance as at Ist April, 1934 2,503 0 7 4 250 15 10 Less capitalized .. .. 5,261 17 6 Rates levied .. .. 8,598 17 8 4,960 1 4 Penalty .. .. .. 667 2 4 '381 19 9 8,000 0 0 Cost of maintenance .. .. 5,707 7 2 Remissions .. . . 86 13 2 43 8 9 Balance as at 31st March, 1935 3,682 7 5 3,842 1 0 £11,769 0 7 £9,592 16 11 £11,769 0 ~7 £9,592 16 Ū Revenue Account fob the Year ended 31st March, 1935. Dr. £ s. d. Or. £ s d To Interest on Public Works Fund capital .. 20,788 14 4 By Accrued rent .. .. .. . 141 10 6 Loss of plant, &c .. .. .. .. 549 0 7 Thirds .. .. .. ' j 313 6 Capitalized interest: Section 12, Finance Act, 1927 (No. 2) .. .. .. 5,261 17 6 Interest recoverable by rates .. .. 8,000 0 0 Balance, transferred to Drainage Works Account 7,930 13 5 £21,337 14 11 £21,337 14 11 Balance-sheet as at 31st March, 1935. Liabilities. £ s. d. Asscts. Public Works Fund .. .. .. .. 489,285011 Drainage-works £ s d £ s d Treasury Adjustment Account .. .. 221,332 10 9 RecoverableUnpaid purchase-money for land taken .. 210 1 1 Capital expenditure ..205,000 0 0 Sundry creditors • £ s. d. Capitalized interest: Section Departmental .. .. 428 7 9 12, Finance Act, 1927 (No. 2) 65,499 7 6 Miscellaneous .. .. 437 10 0 865 17 9 270,499 7 6 Rate accounts Not recoverable : Capital exCapital .. .. .. 3, 682 7 5 penditure and capitalized inMaintenance .. .. .. 3,842 1 0 terest .. .. .. 409,105 1 8 7,524 8 5 679,604 9 2 Suspense Account . . . . .. 584 6 8 Plant and machinery . . 8 257 4 6 Wntings-off in Suspense .. .. .. 567 3 1 Buildings .. '.. .. .. .. '937 9 6 Payments in advance — Loose tools .. .. .. .. 205 5 4 Rates .. .. .. 4 3 1 Sundry goods .. .. .. . . 267 14 0 Miscellaneous .. .. 0 4 0 Fuel .. .. .. . . 24 10 0 4 7 1 Cash in transit .. .. .. .. 673 3 6 Sundry debtors— £ s. d. Rates capital .. .. 17,502 2 8 Rates maintenance .. . . 11.949 8 4 Law-costs .. .. .. 303 15 3 Rents .. .. . . 17 11 6 Miscellaneous .. .. 63 18 11 29,836 16 8 Losses in suspense .. .. .. ~ 567 3 1 £720,373 15 9 £720,373 15 9 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, subject to the comment that the accounts of the Chief Drainage Engineer, Auckland, the audit of which has not yet been completed by the local Audit Inspector, are in agreement with Head Office books.—J. H. Fowler, Deputy Controller and Auditor-General.

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