B. —1 [PT. IV], SUP. to 1935.

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, subject to the departmental liotes enfaced thereon. The following comments are appended: (1) Expenditure under the New Plymouth Harbour Endowment Act, 1874, totalling £1,592 4s. lid., which is now reflected in the Income and Expenditure Account of the Lands and Survey Department Account, should, in the opinion of the Audit Office, be included in the Revenue Account and shown as a charge against rents ; (2) 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) (6) of the Land". Laws Amendment Act, 1927; (3) Separate capital liability bearing interest and sinking-fund charges is not shown for expenditure on Crown Lands under the Maori Land Settlement Act, 1905 ; (4) In the opinion of the Audit Office, the assets Land, Ngamahanga Block, £5,646 os. 7d., and expenditure from Public Works Fund on Native developmental areas proclaimed subject to section 522, Native Land Act, 1932, £6,535 Is. 7d., which represents expenditure from Crown Lands Account on assets of the Native-land developmental schemes controlled by the Native Department, should be reflected in the accounts of the schemes ; (5) The provisions of section 537, subsection 5 (a), of the Native Land Act, 1931, have not been complied with in respect to the asset sundry debtors for rates on Native blocks in Waiapu Consolidation Scheme, £5,694 4s. 7d. —G. F. C. Campbell, Controller and Auditor General. HOWARD ESTATE ACT, 1919 : ESTATE OF JOSIAH HOWARD. Farm Working Account for Year ended sth January, 1935. Dr. £ s. d. £ s. d. To Horses Account .. .. .. .. 13 10 0 By Sheep Account .. .. .. .. 1,693 12 1 Wages .. .. . ■ .. 1,232 9 9 Cattle Account .. .. .. . ■ 330 0 6 Balance, being gross profit carried down to Wool and Hides Account .. .. 1,462 18 0 Profit and Loss Account .. .. 2,615 11 8 Produce Account .. .. .. 375 0 10 £3,861 11 5 £3,861 11 5 Farm Profit and Loss Account for Year ended sth January, 1935. Dr. £ s. d. Or. £ s. d. To Maintenance and general expenses .. .. 2,202 9 2 By Gross profit brought down from Farm Working Smedley Bo3^s'Training Farm .. .. 560 3 8 Account .. .. .. .. 2,615 11 8 Fence and serub-cutting .. .. .. 293 711 Sundry revenue .. .. .. .. 5 9 2 Balance, being net loss carried down to Income Account .. .. .. . 434 19 11 £3,056 0 9 £3,056 0 9 General Estate Income Account for Year ended sth January, 1935. Dr. £ s. d. Gr. £ s. d. To Net loss brought down from Farm Profit and Loss By Dividends and interest .. .. .. 318 4 2 Account .. .. .. •• 434 19 11 *Transfer from reserve for value of produce Advisory Board expenses .. .. •• 71 17 ! unrealized .. .. .. .. 1,146 0 0 Balance transferred to Estate Account.. .. 957 6 11 £1,464 4 2 £1,464 4 2 Balance-sheet as at sth January, 1935. Liabilities. £ s. d. Assets. £ s. d. Sundry creditors .. .. .. .. 163 8 0 Land and buildings .. .. .. .. 61,045 18 5 * Reserve for value of produce unrealized ... 2,096 0 0 Farm implements, machinery, &c. .. .. 660 13 11 Capital .. .. .. •• 85,396 10 6 Furniture .. .. .. .. .. 134 16 2 Live-stock — £ s. d. Sheep .. .. .. 7,530 8 8 Cattle .. .. .. 2,472 6 0 Horses .. . . 400 0 0 10,402 14 8 Produce .. .. . . .. .. 493 0 0 Wool, hides, and skins .. .. .. 1,603 0 0 Sundry debtors .. .. .. .. 5 14 5 Shares .. .. .. .. .. 125 0 0 Cash .. .. .. .. .. 8,461 8 7 Expenditure capitalized— Smedley Boys' Training Farm .. .. 2,083 0 7 Fence and Scrub-cutting Account .. .. 2,640 11 9 £87,655 18 6 £87,655 18 6 * Reserve created to ensure that the value of unrealized produce is not made available for payment as income. B. C. Ashwin, Accountant to the Treasury. I hereby certify that the Balance-sheet and accompanying Accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— G. F. C. Campbell, Controller and Auditor-General.

11 —B. 1 [PT. IV], SUP. TO 1935.

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