c.—s.

LAND FOR SETTLEMENTS ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1936.

6

General. Cheviot. Hutt Valley. Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. To Interest 011 — Loans capital liability .. ■■ •• 402,533 15 6 5,632 2 7 .. 408,165 18 1 Capital from proceeds of Crown lands .. .. 78,745 1 2 .. .. 78,745 1 2 Value of Crown lands in estates .. .. .. 8,477 12 0 .. .. 8,477 12 0 National Endowment Trust Funds .. .. .. 2,650 17 10 .. .. 2,650 17 10 Cheviot Estate accumulated funds transferred .. 18,508 0 10 .. 18,508 0 10 Deposits by lessees under section 208, Land Act, 1924 . . 278 2 11 . . . . 278 2 11 Capital from Land for Settlements Account .. .. .. .. 4,425 12 10 4,425 12 10 Sundry charges re loans — Expenses of raising loans . . . ■ .. • ■ 3.7 10 0 .. . . 37 10 0 Stamp duty on transfer of stock . . . . . . 6 13 7 . . . . 6 13 7 Management charges of New Zealand consolidated stock 719 13 10 j .. .. 719 13 10 Proportion of premium on loan conversions . . . . 2,563 0 0 j . . . • 2,563 0 0 Administration expenses— Estates .. . . • ■ ■■ ■■ 10,183 0 11 j 770 19 8 497 14 1 11,451 14 8 Land Laws Amendment Act, 1929 .. .. •• 1,644 12 3 .. .. 1,644 12 3 Rebates — Rents, &c., from estates .. .. 23,7.16 12 8 1,188 9 1 .. 24,905 .1 9 Rents, &c., under Land Laws Amendment Act, 1929 . . 221 12 7 .. .. 221 12 7 Remissions of rent and interest — Land Board recommendations — Rents, &c., from estates .. .. •• 75,582 0 7 373 19 0 .. 75,955 19 7 Rents, &c., under Land Laws Amendment Act, 1929 311 19 6 .. .. 311 19 6 Under Mortgagors and Tenants Relief Act, 1933 — Rents, &c., from estates .. .. .. 11,949 19 6 .. .. 11,949 19 6 Under Deteriorated Lands Act, 1925 ■ . . • 470 19 1 .. .. 470 19 1 Deficiency on disposal of developed Crown lands— Te Kauwhata Block .. 16,059 17 9 .. .. 16,059 17 9 Irrecoverable rents, &c., transferred to Suspense Account— Rents, &c., from estates .. .. 8,757 5 7 .. 377 7 11 9,134 13 6 Rents, &c., under Land Laws Amendment Act, 1929 . . 157 16 4 . . . . 157 16 4 Annual Appropriation : Vote, Land for Settlements — \ i £ s. d. Audit fees .. .. • • ■ • 250 0 0 j Salaries . ■ • ■ • • ■ • 868 5 4 Travelling-expenses .. .. • • 51 3 10 Compensation for injuries on development works . • • • • ■ • ■ 216 9 7 Miscellaneous .. .. .. 161 17 8 —. 1,547 16 5 .. .. 1,547 16 5 Depreciation of plant, &c. . . .. .. ■ ■ 193 17 0 .. . . 193 17 0 Miscellaneous expenses incidental to estates .. .. 257 2 9 .. 3,043 19 6 3,301 2 3 Interest on Cheviot Estate fixed capital (see contra) .. . . 8,019 3 5 .. 8,019 3 5 Balance carried down .. .. ■■ •• 969 3 10 3,879 13 10 4,848 17 8 £665,575 0 7 £16,953 17 7 £12,224 8 2 £694,753 6 4 £ s. d. £ s. d. £ s. d. £ s. d. To Balance brought down .. . • 48,680 10 1 .. .. 48,680 10 1 Adjustment previous year : Interest under deferred-payment 122 2 1 . . . . 122 2 1 licenses overcredited Transfer to Profit and Loss Appropriation Account . . . . . . 3,879 13 10 3,879 13 10 Transfer to reserve .. .. • • • ■ • • • • 969 3 10 . . 969 3 10 £48,802 12 2 £969 3 10 £3,879 13 10 £53,651 9 10 Gr. ~ By Rents and royalties— £ s. d. £ s. d. £ s. d. £ s. d. Estates .'. .. . . 501,866 12 11 16,086 4 10 215 17 8 518,168 15 5 Land Laws Amendment Act, 1929 .. • • • ■ 3,304 0 3 .. .. 3,304 0 3 Interest on sales — Estates .. .. ■ • ■■ •• 23,428 17 4 726 17 6 5,831 17 4 29,987 12 2 Land Laws Amendment Act, 1929 . . . ■ ■ ■ 685 12 4 . . .. 685 12 4 Interest on capital expenditure— £ s. d. Te Wera Estate .. ■ ■ . ■ 4,023 16 2 Brinklands Estate .. . . 1,496 4 2 Hutt Valley .. .. .. ■ • 4,425 12 10 Land development .. .. • • 6,830 17 2 16,776 10 4 .. .. 16,776 10 4 Interest on advances — Land Laws Amendment Act, 1929 . . 8,474 14 0 Deteriorated Lands Act, 1925 .. . . 530 14 8 9,005 8 8 .. .. 9,005 8 8 Interest on loans for loading of endowment lands under section 47, Land for Settlements Act, 1925— Wanganui River Trust Endowment . . 93 18 3 Otago LTniversity Endowment . > . . 85 4 3 179 2 6 .. .. 179 2 6 Interest on investments .. .. ■■ ■■ 1,983 19 6 .. .. 1,983 19 6 Interest on investments in Public Debt Redemption Eund . . 51,559 18 3 140 15 3 .. 51,700 13 6 Valuation fees, sections 7 and 14, Land Laws Amendment 77 14 0 . . . . 77 14 0 Act, 1929 Miscellaneous ■ . •. ■ • • ■ ■ • 7 11 0 .. 3 5 0 10 16 0 Interest on Cheviot Estate (see contra) .. .. .. 8,019 3 5 .. .. 8,019 3 5 Gross profit on trading .. .. .. .. .. 6,173 8 2 6,173 8 2 Balance carried down .. .. .. . . 48,680 10 1 . . .. 48,680 10 I £665,575 0 7 £16,953 17 7 £12,224 8 2 £694,753 6 4 £ s. d. £ s. d. £ s. d. £ s. d. By Balance brought down .. .. .. .. 969 3 10 3,879 13 10 4,848 17 8 Transfer from reserve .. .. ■■ .. 48,802 12 2 .. .. 48,802 12 2 £48,802 12 2 £969 3 10 £3,879 13 10 £53,651 9 10