B. —1 [PT. IV].

HAURAKI PLAINS SETTLEMENT SCHEME —continued. Balance-sheet as at 31st March, 1937. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. £ s. d. Public Works Fund .. .. 864,374 4 4 Land Board for settlement— Value of Crown land set apart Leased .. .. .. 171,288 19 11 under Act .. .. 45,000 -0 0 Unleased .. .. .. 11,490 17 0 909,374 4 4 Unpaid purchase-money for land Employment Promotion Fund capital .. .. 8,593 15 5 sold on deferred payment .. 19,433 19 11 Discharged Soldiers Settlement Account: Merged 202,213 16 10 transactions under section 20, Discharged Soldiers Unimproved-value land not disposed of .. .. 41,908 3 11 Settlement Act, 1923 .. .. .. 405 0 3 Improvements on adjoining Crown lands .. 7,710 0 0 Sundry creditors— £ s. d. Permanent reserves .. .. .. .. 8,851 0 0 Miscellaneous .. .. 282 4 7 Works in progress: Expenditure on land in course Departmental .. .. 41 16 6 of reclamation, including formation and metalling 324 1 1 of roads .. .. .. .. .. 599,633 16 10 Rent charged in advance .. .. .. 2,246 10 0 Capital expenditure: Employment Promotion Fund 8,593 15 5 Bate Account .. .. .. .. 2,381 17 7 Artesian wells — £ s. d. Payments in advance — £ s. d. Crown tenants, Hauraki Plains.. 308 16 7 Bent . . .. .. 176 19 4 Permanent reserves and Crown Bates .. .. . . I 17 0 lands .. .. .. 216 10 9 Instalmei) t principal on deferred- 525 7 4 payment sales .. .. 3 4 0 Buildings .. .. .. .. 4,652 9 0 Instalment interest on deferred- Wharves .. .. .. .. .. 320 0 0 payment sales . . .. 10 2 8 Machinery and plant .. .. .. .. 29,38221 Interest on well-boring .. 16 0 Live-stock .. .. .. .. .. 20 11 0 193 9 0 Loose tools .. .. .. .. .. 628 0 10 Suspense Account .. .. .. .. 112 11 Stores .. .. .. .. .. 5,725 19 1 Writings-off in suspense .. .. .. 3,048 14 0 Stamps on hand .. .. .. .. 0 10 Deposits by lessees: Surety against drain damage 10 0 0 Sundry debtors— £ s. d. Treasury Adjustment Account .. .. 284,170 6 6 Rent .. .. .. 3,255 1 5 Bates .. .. .. 3,515 15 0 Instalments of principal on de-ferred-payment sales .. 60 15 0 Instalments of principal on buildings .. .. . . 1 18 11 Interest on well-boring .. 101 18 0 Interest on deferred - payment sales .. .. .. 168 5 3 Law-costs .. .. .. 144 8 7 Tram freights and ferry fares .. 21 14 6 Grazing .. .. .. 32 5 2 Miscellaneous .. .. 4,955 13 8 Departmental .. .. 639 4 7 12,897 0 1 Postponed rent (Land Act, 1924) .. .. 892 8 0 Postponed rent (Mortgagors and Tenants Belief Act, 1935) .. .. .. . . 61 10 3 Postponed interest (Land Act, 1924) .. .. 194 7 0 Losses in suspense .. . . .. .. 3,048 14 0 Interest accrued but not due .. .. .. 262 0 0 Premiums on conversion .. .. .. 87 0 0 Cash in Deposits Account .. .. .. 10 0 0 Bevenue Account: Balance forwa,i'4 •• 283,131 8 5 £1,210,749 II 1 £1,210,749 11 1 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the 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.-I, Pt. IV], The following comment is appended : The balance of the Works in Progress Account—viz., £599,633 16s. lOd.—appearing in the Balance-sheet greatly exceeds the value of lands the control of which has not yet been transferred to the Land Board.—J. H. Fowler, Controller and Auditor-General.

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