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RANGITAIKI LAND DRAINAGE SCHEME. Rate Account as at 31st March, 1938. Capital. Maintenance. Capital. Maintenance. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. Transfer to Drainage Works — Balance as at Ist April, 1937 .. 3,820 11 2 5,747 1 0 Capitalized Interest Account .. 3,820 11 2 .. Penalty on rates .. .. 153 157 17886 Interest on capital cost .. 8,712 14 0 .. Subsidy on maintenance-costs .. .. 2,405 15 7 •Cost of maintenance . . .. .. 7,939 17 6 Balance as at 31st March, 1938 .. 10,016 211 Remissions . . .. .. 214 18 6 120 19 4 Transfer to Reserve Fund .. 1,242 6 0 Balance as at 31st March, 1938 .. .. 270 8 3 £13,990 9 8 £8,331 5 I £13,990 9 8 £8,331 5 1 Note. —The rates for 1937-38 rating year were not struck until after 31st March, 1938, but the charge for interest and sinking fund in respect of the capital rate has been brought into the account. Revenue Account for the Year ended 31st March, 1938. £ s. d. £ s. d. Loss written off .. .. .. 0 4 3 Accrued rent .. .. .. .. 153 6 9 Loose tools written off .. .. .. 0 10 5 Hire of plant .. .. .. .. 2116 Adjustment of overcharged rent .. .. 019 6 Interest on capital cost recoverable by rates .. 8,712 14 0 Law-costs remitted .. .. .. 3 19 0 Balance, transferred to Drainage Works Account 90,884 1 9 Capitalized interest written off (section 11, Finance Act, 1937 (No. 2)) .. .. 80,180 0 0 Interest on Public Works Fund capital .. 19,567 0 10 £99,752 14 0 £99,752 14 0 Receipts and Payments Account for the Year ended 31st March, 1938. Receipts. Payments. Public Works Consolidated Public Works Consolidated Fund. Fund. Fund. Fund. £ s. d. £ s. d. £ s. d. £ s. d. Plant: amount transferred from Con- Maintenance completed works .. .. 10.477 17 8 solidated Fund .. .. 15 0 0 .. Refund rents .. .. .. .. 3 19 11 Rents .. .. •. • ■ . ■ 157 8 2 Refund rates . . . . .. .. 131 4 5 Rates .. .. .. .. .. 10,423 17 10 Refund amount received in error .. .. 6 17 0 Law-costs .. .. .. •• 7552 Refund transferred to Public Works Subsidy on maintenance costs .. .. 3,330 0 0 Fund .. .. .. .. .. 1500 Sundries .. .. .. .. .. 2,348 10 5 Transfer net receipts to Treasury Transfer expenditure to Treasury Adjustment Account .. .. .. 16,178 0 3 Adjustment Account .. .. .. 10,477 17 8 Transfer receipts to Public Works Fund Account .. .. 15 0 0 £15 0 0 £26,812 19 3 £15 0 0 £26,812 19 3 Balance-sheet as at 31st March, 1938. Liabilities. £ s. d. Assets. £ s. d. Public Works Fund .. .. .. 489,168 12 7 Drainage works— Treasury Adjustment Account .. .. 268,262 16 11 Recoverable: Capital expenditure (section 11, Reserve: Repayment capital costs .. .. 1,242 6 0 Finance Act, 1937 (No. 2) ) .. .. 205,000 0 0 Unpaid purchase-money for land taken .. 210 1 1 Not recoverable: Capital expenditure and tSundry creditors— £ s. d. capitalized interest .. .. .. 513,530 5 6 Departmental .. .. 942 5 10 Plant and machinery .. .. .. 7,738 17 4 Miscellaneous .. .. 249 13 0 Buildings .. .. .. .. .. 1,389 12 3 1,191 18 10 Loose tools .. .. .. .. 418 8 3 Rate Account : Maintenance .. .. 270 8 3 Sundry goods .. .. .. .. 1,082 6 2 Writings-off in Suspense .. .. .. 130 8 10 Rate Account : Capital .. .. .. 10,016 2 11 Payments in advance — Sundry debtors— £ s. d. Rates .. .. .. 139 5 0 Rates capital .. .. 11,584 18 0 Law-costs .. .. .. 0 4 0 Rates maintenance .. .. 8,911 17 0 139 9 0 Law-costs .. .. 545 7 4 Rents .. .. .. 12 6 Miscellaneous .. .. 152 4 11 Departmental .. .. 114 10 6 21,310 0 3 Losses in Suspense .. .. . . .. 130 8 10 £760,616 1 6 £760,616 1 6 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 departmental note enfaced thereon and 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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