B.—l [PT. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account as at 31st March, 1937. Capital. Maintenance. Capital. Maintenance. Dr. £ s. d. £ s. d. £ s. d. Or. £ s. d. £ s. d. Interest on— Balance as at Ist April, 1936 .. 3,882 6 6 4,423 17 5 Capital cost .. 13,976 4 4 Rates levied .. .. .. 4,822 3 2 5,702 19 6 Less capitalized 9,476 4 4 Losses in suspense .. .. 01811 139 4,500 0 0 .. Subsidy on Maintenance Costs .. .. 2,498 11 7 Cost of maintenance .. .. .. 6,690 14 3 Remissions .. .. .. 384 17 5 188 17 0 Balance as at 31st March, 1937 3,820 11 2 5,747 1 0 £8,705 8 7 £12,626 12 3 £8,705 8 7 £12,626 12 3 Revenue Account foe the Year ended 31st March, 1937. £ s. d. £ s. d. Law-costs written off .. .. .. 12 14 0 Accrued rent .. .. .. . . 150 10 3 Plant, tools, &c., written off .. .. .. 131 16 10 Thirds .. .. .. .. .. 18 7 6 Interest on Public Works Fund capital .. 20,790 6 0 Sundries .. .. .. .. .. 219 6 Capitalized Interest (section 12, Finance Act, 1927 (No. 2)) .. .. .. .. .. 9,476 4 4 Interest recoverable by rates .. .. .. 4,500 0 0 Balance, transferred to Drainage Works Account 6,786 15 3 £20,934 16 10 £20,934 16 10 Receipts and Payments Account tor the Year ended 31st March, 1937. Consolidated Consolidated Receipts. Fund. Payments. Fund. £ s. d. £ s. d. Rents .. .. .. .. .. 155 17 3 Maintenance completed works .. .. 7,639 9 2 Rates .. .. .. .. .. 14,267 11 5 Refund rents .. .. .. .. 0 7 0 Subsidy on maintenance costs .. .. 2,498 11 7 Transfer net receipts to Treasury Adjustment Thirds .. .. .. .. .. 18 7 6 Account .. .. .. .. .. 17,827 7 1 Sundries 815 17 I Law-costs .. .. .. .. .. 71 9 3 Transfer expenditure to Treasury Adjustment Account .. .. .. .. .. 7,639 9 2 £25,467 3 3 £25,467 3 3 Balance-sheet as at 31st March, 1937. Liabilities. £ s. d. Assets. Public Works Fund .. .. .. 489,183 12 7 Drainage work — £ s. d. £ s. d. Treasury Adjustment Account .. .. 253,361 9 11 Recoverable — Unpaid purchase-money for land taken .. 210 1 I Capital expenditure .. 205,000 0 0 Sundry creditors — £ s. d. Capitalized interest: section Departmental .. 56 2 4 12, Finance Act, 1927 Miscellaneous .. .. 495 6 3 (No. 2) .. .. 84,000 11 2 551 8 7 289,000 11 2 Rate accounts — Not recoverable — Capital .. .. 3,820 11 2 Capital expenditure and capitalized interest 422,583 2 4 Maintenance .. .. 5,747 1 0 Plant and machinery .. .. .. 7,987 15 9 9,567 12 2 Buildings .. .. .. .. .. 1,064 1 3 Writings-off in suspense .. .. 129 14 2 Loose tools .. .. .. . . 363 15 0 Payments in advance— Sundry goods .. .. .. .. 409 13 7 Rates .. .. .. 18 6 Cash in transit .. . . .. . . 156 10 0 Law-costs .. .. .. 0 4 0 Sundry debtors — £ s. d. I 12 6 Rates capital .. .. 16,707 18 4 Rates maintenance .. 13,790 17 4 Law-costs .. .. 589 10 6 Rents .. .. .. 4 10 Miscellaneous .. .. 179 13 11 Departmental .. . . 38 6 8 31,310 7 9 Losses in suspense .. .. .. . . 129 14 2 £753,005 II 0 £753,005 11 0 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Rate and Revenue Accounts 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 explanatory notes dealing with Departmental Accounts generally as appearing at commencement of Parliamentary Return [8.-l. Pt. IV.] — J. H. Fowler, Controller and Auditor-General.

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