15. -1 [PT. IV].

LANDS AND SURVEY DEPARTMENT—continued. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account foe the Yeas ended 31st Maech, 1938. Receipts. £ s. d. Payments. £ s. d. Balance in Treasury Deposit Account Administration expenses .. .. .. 10 1 4 at Ist April, 1937 — £ s. d. Payment to Massey Agricultural College for benefit Cash .. .. .. .. 3,099 14 5 of Dairy Research Institute .. .. .. 330 0 0 Investments .. .. .. 8,800 0 0 Balance in Treasury Deposit Account 11,599 14 5 at 31st March, 1938— £ s. d. Rents .. .. .. .. .. 201 5 0 Cash .. .. .. .. 3,100 18 1 Interest on investments .. .. .. 340 0 0 Investments .. .. .. 8,500 0 0 11,600 18 1 £12,140 19 5 £12,140 19 5 Revenue Account foe the Yeae ended 31st Maech, 1938. Dr. £ s. d. Or. £ s. d. Administration expenses under section 4, Land Accrued rent .. .. .. .. 201 5 0 Laws Amendment Act, 1927 .. .. 10 1 4 Interest on investments .. .. .. 340 0 0 Payment to Massey Agricultural College for benefit of Dairy Research Institute .. .. 530 0 0 Balance carried down .. .. .. 13 8 £541 5 0 £541 5 0 £ s. d. £ s. d. Balance .. ~ .. .. ..11,63525 Balance brought down .. .. .. 13 8 Balance from previous year .. .. .. 11,633 18 9 £11,635 2 5 £11,635 2 5 Balance-sheet as at 31 st Maech, 1938. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. •• 4,844 19 10 Leased land .. .. .. .. .. 4,625 0 0 Rents charged but not accrued .. .. 6 15 5 Plantation .. .. . . .. .. 219 19 10 Revenue Account — £ s. d. Interest on investments accrued but not due .. 40 19 9 Balance, Ist April, 1937 .. 11,633 18 9 Treasury Deposit Account— £ s. d. Surplus for year .. .. 13 8 Cash .. .. .. .. 3,100 18 1 11,635 2 5 Investments .. .. .. 8,500 0 0 11,600 18 1 £16,486 17 8 £16,486 17 8 W. Robeetson, 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.— J. H. Fowler, Controller and Auditor-General.

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