C.—s

LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1937. Liabilities.

7

General. Cheviot. Hutt Valley ' Total - Loan Capital — £ s. d. £ s. d. £ s. d. £ g. d. £ s. d. £ s. d. 3 per cent. .. 215,029 0 0 3J per cent. .. 6,182,988 5 11 .. 160,918 0 0 3f per cent. .. 364,150 0 0 4 per cent. .. 4,124,924 3 11 4J per cent. .. 37,739 12 3 5 per cent. .. 118,520 0 0 5J per cent. .. 2,180 0 0 Funded debt, £4 19s. 33,446 6 11 5-88d. Debentures not con- 200 0 0 verted — 11,079,177 9 0 Crown lands included in estates .. 211,986 19 II Sales of Crown land .. .. 2,642,202 10 11 13,933,366 19 10 Less amount expended in opening up 191,802 1 10 Crown lands 13,741,564 18 0 160,918 0 0 .. .. 13,902,482 18 0 Accumulated funds — Cheviot Estate .. .. .. .. 463,352 18 7 .. .. 463,352 18 7 National Endowment Trust .. .. .. .. 137,174 2 0 .. 137,174 2 0 Deposits by lessees under section 208, 12,923 14 1 .. .. .. 12 923 14 1 Land Act, 1924 Sundry creditors— Interest on capital from proceeds of 125,982 17 1 sales of Crown land Interest on loans due and unpaid .. 32 0 0 Turakina Domain .. .. .. 317 3 1 Departmental .. .. .. 1,245 13 1 Miscellaneous .. .. .. 1,355 4 1 128,932 17 4 .. .. .. 128,932 17 4 Interest on loans accrued but not due .. 103,423 10 9 1,373 6 3 .. .. 104- 796 17 0 Interest unrecouped to Consolidated Fund 28 0 4 . . .. .. 28 0 4 Hutt Valley Estates — Purchases .. .. .. .. .. 164,760 11 0 Roading and incidental expenses .. .. .. .. 228,389 II 6 Interest .. .. . . .. . . . . .. 79,318 1 8 472,468 4 11 Less deductions under section 11 . . .. 339 826 10 1 (2) (a), Finance Act, 1932 132,641 14 10 132,641 14 10 Railway Improvements Authorization Act, .. .. .. 1,014 14 1 1 014 14 1 1914—Interest on capital Land Laws Amendment Act, 1929— Land subject to section 8— Crown Lands Account - .. 35,306 16 11 National Endowment Account .. 8,711 10 2 Primary Education Endowment Account 177 19 1 44,196 6 2 .. .. .. 44,196 6 2 Discharged Soldiers Settlement Account— Merged interests under section 20, Discharged Soldiers Settlement Amendment Act, 1923 — Principal .. .. .. I 3,369 4 9 Instalments outstanding .. .. 88 0 10 3,457 5 7 .. .. .. 3,457 5 7 Payments in advance— Rents, &e., on estates .. .. 3,767 13 10 17 5 7 .. 25 9 10 Principal instalments —Sales of Crown 1,529 5 9 .. 15 17 5 land Interest on advances for roading of 10 9 5 endowment lands Land Laws Amendment Act, 1929 .. 459 8 9 5,766 17 9 17 5 7 15 17 5 25 9 10 5,825 10 7 Carried forward .. .. 10 0 625,661 10 5 137,189 19 5 I 133,681 18 9 ! 14,936,826 18 7