B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. NATIONAL ENDOWMENT ACCOUNT. Y ' Receipts and Payments Account foe the Yeae ended 31st Maech, 1937. Receipts. £ s. d. Payments. Balance at Ist April, 1936 .. .. .. 136,465 1 9 Land Act, 1924, section 295 (2): Administration £ s. d. Rents and interest: National-endowment lands.. 138,564 6 7 expenses ~ .. .. .. 6,853 8 0 Transfer from State Forest Department in terms Land Act, 1924, sections 139, 295, and 357 : of section 29 (2), Forests Act, 1921-22 .. 10,934 1 7 Thirds, fourths, and halves .. .. 3,579 6 4 Land Laws Amendment Act, 1930, section 13 : Deteriorated Lands Act, 1925, section 6, refunds Interest on national-endowment trust-moneys 3,149 5 1 of rent arising from operation of .. .. 15 9 5 Payments to universities of portion of nationalendowment revenue residue .. .. 13,646 10 2 Transfer to vote "Education" of portion of national-endowment revenue residue .. 81,879 1 1 Portion of national-endowment revenue residue applied in payment of old-age pensions .. 40,939 10 6 Balance at 31st March, 1937 .. .. .. 142,199 9 6 £289,112 15 0 £289,112 15 0 Revenue Account fob the Yeae ended 31st March, 1937. Dr. £ s. d. Gr. £ s. d. Administration expenses .. .. .. 6,853 8 0 Accrued rents .. .. .. .. 134,497 15 10 Remissions— £ s. d. Accrued royalties .. .. .. .. 3,328 610 Under Land Act, 1924 .. " 5,983 13 7 Accrued interest .. .. .. .. 2,775 1 1 Under Deteriorated Land Act .. 484 17 4 Coal rents .. .. .. .. 1,325 2 5 ~"Under Mortgagors and Tenants Royalties from State forests .. .. .. 16,457 10 1 ■ -Relief Act, 1932 .. .. 2,318 18 8 Interest on investment of national - endowment n'""■*■»«; 8,787 9 7 trust-moneys .. .. .. .. 3,149 5 1 Thirds, fourths, and halves .. .. .. 3,499 4 2 Recovery of bad debt previously written off .. 2 5 0 Rents written off: Writings-off in Suspense .. 1,291 4 3 Interest charged under section 20 (3) of Discharged Soldiers Settlement Amendment Act, 1923 .. 285 18 1 Rebates .. .. .. • • • • 2,397 22 Commission on coal rents .. . .. .. 57 18 8 Balance carried down .. .. .. 138,363 1 5 •" £161,535 6 4 £161,535 6 4 £ s. d. £ s. d. Contribution for education and old-age pensions 142,199 9 6 Balance brought down .. .. .. 138,363 1 5 Balance carried down .. .. .. 61,130 3 3 Balance previous year .. .. .. 64,966 11 4 £203,329 12 9 £203,329 12 9 Balance-sheet as at 31st March, 1937. Liabilities. Assets. £ s. d. Land — £ s. d. £ s. d. Capital Account .. .. •• 3,888,002 12 7 Leased .. .. 3,226,112 910 FubJic'Works Fund .. .. .. 5,074 17 5 Unleased .. .. 232,898 15 7 Merged interests under section 20, Discharged Provisional State forest .. 292,707 15 0 ""'"'Soldiers Settlement Amendment Act, 3,751,719 0 5 X 923 £ s. d. Land subject to section 8, Land Laws AmendAdvances .. .. 6,804 811 ment Act, 1929 .. .. .. .. 8,711 10 2 Instalment principal .. 546 2 7 Improvements being paid by instalments .. 3,253 15 9 Interest .. .. . • 743 3 0 Small Farms Account — 8,093 14 6 Land set aside under £ s. d. Improvements: Suspense Account .. .. . 416 .7 7 small-farms plan .. 4,063 14 3 Sundry creditors — Rents accrued due .. 38 5 2 Contribution for education £ s. d. 4,101 19 5 and old-age pensions ..142,199 9 6 National Endowment Trust Account .. 137,174 2 0 Departmental .. .. 20 11 0 Sundry debtors for— £ s. d. Miscellaneous .. •• 115 10 11 Rents .. .. 79,149 2 4 142,335 11 5 Royalties .. .. 4,885 5 2 Payments in advance — Coal rents .. .. 1,760 13 1 Rent .. •• •• 1,263 13 5 Interest on sales, &c. .. 798 17 11 Interest on sales .. .. 5 5 9 Principal instalments on Royalties .... •• 210 6 buildings .. .. 169 18 8 1,271 9 8 Departmental .. .. 16,462 12 0 Rents charged in advance .. .. .. 48,886 14 0 103,226 9 2 Overpaid rents in suspense as a result of capital Postponed interest under Land Act .. . . 81 6 2 reduction under Deteriorated Lands Act, 1925 366 210 Postponed rents— £ s. d. Writings-off in Suspense .. .. .. 731 5 7 Under Land Act .. 4,225 14 4 Revenue Account: Balance forward .. 61,130 3 3 Under Mortgagors and Tenants Relief Act, 1932 251 8 9 4,477 3 1 Interest on sales accrued but not due .. 628 10 0 Losses in suspense.. .. .. .. 731 5 7 Cash: Balances, 31st March, 1937— £ s. d. Public Account .. 142,199 9 6 Receiver of Land Revenue Deposit Accounts . . 4 7 7 142,203 17 1 £4,156,308 18 10 £4,156,308 18 10 = i „ — ~ ,i " i. 1 "a J. H. O'Donnell, Assistant Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. 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. The following comment is appended : 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) (h) of the Land Laws Amendment Act, 1927.— J. H. Fowler, Controller and Auditor-General.

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