C.—s

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

2—C. 5.

9

General. Cheviot, N ®rast° W " Hutt Valle y- Total - £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. 11,669,050 5 7 346,675 3 2 47,298 14 4 166,559 13 0 12,229,583 16 1 Realization Account .. .. .. 5,863 16 5 .. .. .. 5,863 16 5 Hutt Valley estates — Purchases .. . • •• 164,760 11 9 Roading and incidental expenses .. 228,389 11 6 Interest .. .. •• .. 79,318 1 8 472,468 4 11 Less deductions under section 11 (2) 339,826 10 1 (a), Finance Act, 1932 — 132,641 14 10 .. .. 132,641 14 10 Railway Department—Balance unpaid on .. .. .. 26,389 8 0 26,389 8 0 area taken for workshops Advances on mortgage — Land Laws Amendment Act, 1929 — Current account —Crown land .. 152,963 6 3 Current account —Settlement land .. 22,900 13 II Instalment mortgage —Crown land .. 9,798 8 9 Instalment mortgage —Settlement land 839 1 8 186,501 10 7 .. .. .. 180,501 10 7 Deteriorated Lands Act, 1925— Current account .. .. . ■ 7,738 5 0 Instalment mortgage . . .. 1,233 3 4 8,971 8 4 .. .. •• 8,971 8 4 Advances for roading of endowment lands under section 47, Land for Settlements Act, 1925— Wanganui River Trust Endowment . . 2,022 8 1 Otago University Endowment .. 1,608 15 4 3 ,631 3 5 .. . • • • », 631 3 5 Land Laws Amendment Act, 1929 —Expenditure on development of Crown and settlement lands— Crown lands— Improvements .. . • • ■ 63,834 10 5 Equipment .. .. .. 9,041 0 11 Stock and farm accounts .. .. 2,134 9 7 Settlement lands — Improvements .. .. 125,879 10 9 Equipment .. 13,052 11 6 Stock and farm accounts .. .. 46,398 17 8 260,341 0 10 .. •• •• 260,341 0 10 Interest on capital expenditure .. 41,060 1 3 .. •• 41,060 1 3 Station accounts, including improvements 130,495 2 5 .. •• 130,495 2 5 and live-stock Plant and machinery .. • • 3,863 0 0 Less depreciation reserve thereon . . 2,893 1 0 969 19 0 .. 969 19 0 Postponements of rent, interest, &c.— Under Land Act, 1924 — Rents, &c., from estates .. .. 60,492 19 9 172 1 3 Instalments—Sales of Crown lands .. 335 8 7 .. 4 2 0 Land Laws Amendment Act, 1929 — 425 19 4 Rents, &c. Under Mortgagors and Tenants Relief Act, 1933— Rents, &c., from estates .. .. 2,346 13 4 Instalments —Sales of Crown lands .. 6 18 6 Land Laws Amendment Act, 1929 — 62 19 '2 Interest on advances Under Deteriorated Lands Act, 1925 — Interest on advances .. .. 35 18 I 63,706 16 9 172 13 4 2 0 .. 63 r 883 0 0 Carried forward .. .. 12,503,232 19 5 346,847 4 5 47,302 16 4 J 192,949 1 0 13,090,332 1 2