B.—l [PT. IV],

LANDS AND SURVEY DEPARTMENT —continued. NATIONAL ENDOWMENT ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1936. Receipts. £ s. d. Payments. £ s. d. Balance at Ist April, 1935 .. .. .. 137,096 11 7 Land Act, 1924, section 295 (2): Administration Rents and interest: National-endowment lands 136,765 5 11 expenses .. .. .. 6,741 13 6 Transfer from State Forest in terms of section Land Act, 1924, sections 139, 295, and 357 : Thirds 2,918 18 9 29 (2) Forests Act, 1921-22.. .. .. 7,117 3 0 Payments to universities of portion of nationalLand Laws Amendment Act, 1930, section 13: endowment residue .. .. .. 13,709 13 2 Interest on National-endowment trust moneys 2,243 5 1 Transfer to vote "Education" of portion of national-endowment residue .. .. 82,257 18 11 Portion of national-endowment-revenue residue applied in payment of old-age pensions .. 41,128 19 6 Balance as at 31st March, 1936 .. .. 136,465 1 9 £283,222 5 7 £283,222 5 7 Revenue Account for the Year ended 31st March, 1936. Dr. £ s. d. £ s. d. Cr. £ s. d. Administration expenses .. .. .. 6,741 13 6 Accrued rents .. .. .. .. 135,926 411 Remissions — Accrued royalties .. .. .. .. 2,896 6 4 Under Land Act, 1924 .. 9,874 15 7 Accrued interest .. .. .. .. 2,662 411 Under Deteriorated Land Act .. 516 0 1 Coal rents .. .. .. ■■ .. 1,378 10 9 Under Mortgagors and Tenants Royalties from State forests .. .. .. 10,934 1 7 Relief Act, 1932 .. .. 4,195 3 3 Interest on investment of national-endowment 14,585 18 11 trust moneys .. .. .. .. 2,650 17 10 " Thirds" and " halves" .. .. .. 2,863 18 5 Rents written off : Writings-off in suspense .. 1,327 18 2 Interest charged under section 20 (3) of Discharged Soldiers Settlement Amendment Act, 1923 .. 353 0 5 Rebates .. .. .. . • • • 2,133 15 7 Commission on coal rents .. .. .. 49 17 0 Balance carried down .. .. .. 128,392 4 4 £156,448 6 4 £156,448 6 4 £ s. d. £ s. d. Contribution for education and old-age pensions 136,465 1 9 Balance brought down .. .. .. 128,392 4 4 Adjustment previous year .. .. .. 11 9 5 Balance previous year .. .. .. 73,050 18 2 Balance carried down .. .. .. 64,966 11 4 £201,443 2 6 £201,443 2 6 Balance-sheet as at 31st March, 1936. Liabilities. £ s. d. Assets. Capital Account .. .. .. ■■ 4,006,494 11 5 Land — £ s. d. £ s. d. Public Works Fund .. .. .. 4,754 10 10 Leased. .. .. 3,360,743 15 8 Merged interests under section 20, Discharged Unleased .. .. 228,808 4 11 Soldiers Settlement Amendment Act, Provisional State forest.. 295,891 1 3 1923— £ s. d. 3,885,443 1 10 Advances .. .. 7,136 0 8 Land subject to section 8, Land Laws AmendInstalment principal .. 433 0 11 ment Act, 1929 .. .. .. .. 8,711 10 2 Interest .. .. .. 565 7 6 Buildings .. .. .. .. 2,569 1 10 8,134 9 1 Small Farms Account — Sundry creditors — Land set aside under small £ s. d. Contribution for education Farms Plan .. .. 4,063 14 3 and old-age pensions .. 136,465 1 9 Rents accrued due .. 146 13 0 Departmental .. .. 0 5 0 4,210 7 3 Miscellaneous .. .. 181 4 10 National Endowment Trust Account .. 121,830 17 10 136,646 11 7 Sundry debtors for— Payments in advance — Rents .. .. 88,295 14 11 Rent .. .. .. 1,411 18 5 Royalties .. .. 4,656 16 5 Interest on sales .. .. 10 8 Coal rents .. .. 1,644 2 8 Royalties .. .. 8 10 1 Interest on sales .. 575 12 5 1,421 9 2 Principal instalments on Rents charged in advance .. .'. 49,693 311 buildings .. .. 173 16 9 Overpaid rents in suspense as a result of capital Departmental .. .. 10,935 0 4 reduction under Deteriorated Lands Act, Miscellaneous .. .. 35 1 4 1925 .. .. .. .. .. 422 10 6 106,316 410 Writings-ofi in suspense .. .. .. 1,454 2 4 Postponed rents — Revenue Account : Balance forward .. 64,966 11 4 Under Land Act .. 5,890 3 2 Under Mortgagors and Tenants Relief Act, 1932 485 1 0 =— 6,375 4 2 Interest on sales accrued but not due .. 612 8 2 Losses in suspense.. .. .. .. 1,454 2 4 Cash: Balance 31st March, 1936 .. .. 136,465 1 9 £4,273,988 0 2 £4,273,988 0 2 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief 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 comment is appended : 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) (b) of the Land Laws Amendment Act, 1927. —J. H. Fowler, Deputy Controller and Auditor-General.

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