B.—l [PT. IV].

SMALL-FARMS SCHEME. Revenue Account foe the Year ending 31st March, 1936. Dr. £ s. d. Or. £ s. d. £ s. d. Interest on capital provided from the Public Rents receivable .. .. .. .. 7,066 3 2 Works Fund .. .. .. 23,2X6 19 6 Interest receivable on— Rent and interest payable .. .. .. 4,017 14 1 Current Account advances .. 7,262 14 9 Administration and travelling-expenses .. .. 57 1 2 Instalment mortgage .. ..2,772 16 10 Losses on realization of advances to small-farm Sliare-milkers loans .. .. 2,941 7 1 occupiers .. .. .. •• •• 2,117166 Miscellaneous advances .. .. 0 3 3 Deficit on disposal of properties .. .. 1,793 17 4 12,977 111 Miscellaneous receipts .. .. .. 2 12 9 Rebates on superphosphates .. .. .. 117 14 3 Recovery of losses previously written off .. 26 17 10 Surplus on disposal of properties Capital .. .. .. .. 587 16 10 Interest .. .. .. 234 8 9 822 5 7 Balance: Loss for year carried down .. .. 10,190 13 1 £31,203 8 7 £31,203 8 7 £ s. d. £ s. d. Balance: Loss brought forward .. .. 6,550 18 10 Balance: Loss to 31st March, 1936, carried forward 16,741 11 11 Balance : Loss brought down .. . . .. 10, 190 13 1 £16,741 11 11 £16,741 11 11 Balance-sheet as at 31st March, 1936. Liabilities. Assets. Capital Account— .. £ s. d. £ s. d. Land— £ s. d. £ s. d. Public Works Fund .. .. 605,981 18 8 Leased .. .. .. 39,823 7 1 Employment Promotion Fund 194,609 5 0 Unleased .. .. .. 112,191 17 10 Land donated .. 1,629 0 0 152,015 4 11 802,220 3 8 Development expenditure on land .. .. 189,828 4 10 Loan from Employment Promotion .. 6,320 18 9 Capital expenditure from Employment Promotion Fund .. .. .. •• •• 194,609 5 0 Crown Lands Account: Land set Livestock and Chattels .. .. .. 14,103 15 1 aside for— Advances to small-farm occupiers— Small farms .. .. •• 4,990 19 4 Current Account — £ s. d. Rent accrued .. .. 119 2 9 Improvements .. .. 125,000 18 4 5,110 2 1 Stock and chattels .. .. 22,506 5 2 National Endowment Account— Instalment mortgage .. .. 50,212 11 0 Land set aside for small farms.. 4,063 14 3 Miscellaneous .. .. 60 2 11 Rent accrued .. •• 146 13 0 197,779 17 5 4,210 7 3 Advances under share-milkers agreements .. 48,426 14 9 Sundry creditors - Realization Account : Properties in course of Rent .. .. 726 7 2 realization .. .. .. •• 16,629 3 3 Departmental .. •• 3,936 17 8 Sundry debtors — £ s. d. Miscellaneous .. •• 2,492 510 Rent owing by small - farm » 7,155 10 8 occupiers .. ■■ •• 10,188 13 10 Payments in Advance— Principal instalments Rent .. .. .. 54 14 0 Instalment mortgage .. 293 4 7 Principal instalments: Share- Share-milkers loans.. .. 3,312 15 4 milkers loans .. .. 284 13 9 InterestInterest Instalment mortgage .. 828 15 5 Share-milkers loans.. .. 115 311 Current account .. .. 9,377 4 6 Current account .. .. 45 4 1 Share-milkers loans.. .. 1,593 6 4 499 15 9 Miscellaneous .. .. 0 3 3 Accrued interest on expenditure on blocks being Departmental .. .. 5,712 18 4 developed .. .. • • • • 22,244 16 4 Miscellaneous .. .. 554 13 1 Rent Adjustment Account .. .. •• 286 19 0 31,861 14 8 Writings-ofi in suspense .. •• •• 3,682 12 4 Postponed principal, share-milkers loans .. 31 12 10 Fire Loss Suspense Account .. •• 20 0 0 Postponed interest, share-milkers loans .. .. 11 15 4 Treasury Adjustment Account .. •• 37,971 13 11 Interest on expenditure on blocks being developed 22,628 0 4 Interest Adjustment Account .. .. .. 1,373 7 1 Losses in Suspense Account .. .. .. 3,682 12 4 Revenue Account : Balance carried forward .. 16,741 11 11 £889,722 19 9 £889,722 19 9 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Income and Expenditure 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. The following comment is appended : The account does not bear a charge for the cost of" expenses incurred by Departments administering the scheme, other than a reduced charge for the supervision of the erection of cottages and milking-sheds. —J. H. Fowler, Deputy Controller and Auditor-General,

15— B. 1 [PT. IV].

113