B.—l [PT. TV], SUP. TO 1937.

LANDS AND SURVEY DEPARTMENT—continued. PRIMARY EDUCATION ENDOWMENT. Receipts and Payments Account for the Year ended 31st March, 1937. Receipts. Payments. £ s. d. Balance— £ s. d. £ s. d. Payments for primary education purposes .. 75,748 11 5 Cash in Deposit Account .. 19,701 1 0 Administration expenses .. .. .. 5,909 5 4 Investment Account .. 11,850 0 0 Maintenance and repairs .. .. .. 102 9 4 — 31,611 1 0 Survey costs, &c. .. .. .. .. 85 17 2 Rents, &c., under section 30, Education Reserves Balance— £ s. d. Act, 1928 .. .. .. .. 117,405 19 10 Cash in Deposit Account .. 65,349 611 Interest on cash and investments held by the Investment Account .. 11,850 0 0 Public Trustee .. . • .. 777 4 10 77,199 6 11 Sales under section 27, Education Reserves Act, 1928 .. .. .. .. .. 8,771 4 6 Interest on sales .. .. .. .. 6 0 0 Interest on investments .. .. .. 474 0 0 £159,045 10 2 £159,045 10 2 Revenue Account for the Year ended 31st March, 1937. Dr. £ s. d. Gr. £ g . d. Administration expenses .. .. .. 5,884 8 6 Accrued rents .. .. .. .. 116,159 16 I Maintenance and repairs .. . . .. 102 19 4 Accrued royalties .. .. .. .. 2,010 16 6 Survey costs, &c. .. .. .. .. 85 19 8 Accrued interest on sales .. .. .. 162 13 5 Remissions of rents, &c. granted— £ s. d. Recoveries of rents previously written off .. 18 0 0 Land Act, 1924 .. .. 11,737 16 11 Interest on cash and investments held by the Public Mortgage Relief Acts .. 571 19 7 Trustee .. .. .. .. 773 15 4 Deteriorated Lands Act, 1925 37 14 11 Interest on Investments .. . . . . 474 0 0 12,347 11 5 Depreciation reserves on buildings .. .. 37 7 0 Irrecoverable rents .. .. .. .. 1,188 8 2 Interest under section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. .. 18 17 4 Balance carried down .. .. .. 99,933 911 £119,599 1 4 £119,599 1 4 Amount due to vote " Education" under sections. £s. d. £ g . 30 (2), Education Reserves Act, 1928 .. 112,085 12 10 Balance from previous year .. .. .. 57,428 3 2 Balance .. .. .. .. 45,276 0 3 Balance brought down .. .. .. 99,933 911 £157,361 13 1 £157,361 13 1 Balance-sheet as at 31st March, 1937. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 2,442,523 6 1 Endowment lands— £ g. d. £ s. d. Public Works Fund : Roading (section 17, Land Leased .. .. .. 2,322,495 17 10 Laws Amendment Act, 1927) .. .. 3,741 19 2 Unleased .. .. 60,590 5 3 Discharged Soldiers Settlement Land for Settlements AcAccount : Merged interest count, section 6, Land under section 20, Discharged Laws Amendment Act, Soldiers Settlement Amend- 1929 .. . . .. 177 19 1 merit Act, 1923— £ s. d. 2,383,264 22 Advances .. .. .. 356 15 4 Buildings (included in the Principal instalment.. .. 85 18 0 capital value of leases) ... 2,293 16 11 Interest .. .. .. 20 7 7 Less Depreciation Reserve.. 327 17 4 — 463 0 11 1,965 19 7 Sundry creditors — Buildings (purchase price not yet payable) 5,209 4 1 Departmental .. .. 2,211 16 10 Sundry debtors— £ s . d. Amount payable to vote" Edu- Rents, &c. .. .. 57,238 13 10 cation" under section 30 (2), Royalties .. .. 551 18 5 Education Reserves Act, 1928 36,337 1 5 Sales of land .. .. 60 0 0 — 38,548 18 3 Principal instalments on Rents due but not accrued .. .. 23,379 4 I buildings .. .. 145 1 8 Amounts paid in advance — Interest on cash and investRents .. .. .. 417 4 1 ments .. .. 18 4 2 Royalties .. .. .. 9 0 0 Departmental .. .. 4 4 2 426 4 1 58,018 2 3 Deteriorated land : Suspense Account .. 68 9 6 Royalties accrued but not due .. 187 17 6 Writings-off in Suspense ... .. .. 686 3 7 Postponed rents — Revenue Account: Balance carried forward .. 45,276 0 3 Land Act, 1924 .. .. 6,155 7 5 Mortgage Relief Acts .. 458 1 9 6,613 9 2 Interest accrued but not due — Investments .. . . 57 2 9 Sales of buildings .. 21 5 3 Royalties .. .. 32 17 7 111 5 7 Losses in Suspense . . .. .. 686 3 7 Cash and investments with Public Trustee .. 21,857 15 1 Cash in Consolidated Fund Deposits Account— £ s. d. Cash .. .. .. 65,349 611 Investments .. .. 11,850 0 0 ——; 77,199 6 11 £2,555,113 5 11 £2,555,113 5 II W. Robertson, 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) (b) of the Land Laws Amendment Act, 1927. —J. H. Fowler, Controller and Auditor-General.

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