B.—l [Ft. IV], Sup. to i 937.

LANDS AND SURVEY DEPARTMENT—continued. SECONDARY EDUCATION ENDOWMENT. Receipts and Payments Account for the Year ended 31st March, 1937. Receipt £. £ s. d. £ s. d. Payments. £ s. d Balance in Treasury Deposit Account Administration expenses .. . . .. (128 12 6 at Ist April, 1936— Repairs and maintenance .. .. .. 34 7 0 Cash .. .. .. .. 5,900 7 3 Survey costs, &c. .. .. .. .. 45 9 2 Investments .. .. .. 600 0 0 Refund sales of land . . .. .. .. 5 0 0 6,500 7 3 Payment to secondary schools .. .. .. 12,749 1 6 Rents under section 30, Education Balance in Treasury Deposit Account Reserves Act, 1928 .. .. .. 13,854 5 4 at 31st March, 1937— £ s. d. Interest on cash held by the Public Sales of land .. .. .. 1,564 13 8 Trustee .. .. .. .. 27 17 2 Rents, &c. .. .. .. 5,379 5 11 Interest on investments .. .. .. 24 0 0 — —— 6,943 19 7 £20,406 9 9 £20,406 9 9 Revenue Account for the Year ended 31st March, 1937. Dr. £ s. d. Cr. £ s. d. Administration expenses .. .. .. 696 510 Accrued rent, &c. .. .. .. .. 13,902 2 7 Repairs and maintenance • • .. .. 34 7 0 Interest on cash held by the Public Trustee .. 27 17 2 Survey costs, &c. .. .. .. .. 45 9 2 Interest on investments .. . . .. 24 0 0 Remissions of rent, &e. — £ s. d. Land Act, 1924 .. .. .. 116 12 0 Mortgage Relief Acts .. .. 42 2 7 158 14 7 Writings-off in Suspense .. . . .. 368 17 10 Balance carried down .. .. .. 12,650 5 4 £13,953 19 9 £13,953 19 9 £ s. d. £ s. d. Payments to secondary schools .. .. 12,749 1 6 Balance from previous year .. .. .. 7,317 3 2 Balance carried forward .. .. .. 7,218 7 0 Balance brought down.. .. .. .. 12,650 5 4 £19,967 8 6 £19,967 8 6 Balance-sheet as at 31st March, 1937. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 210,609 12 9 Endowment lands — £ s. d. £ s. d. Appreciation in land-values .. .. .. 50,924 510 Leased .. .. .. 241,958 19 2 Public Works Fund: Roading (section 17, Land Unleased .. .. .. 19,521 19 6 Laws Amendment Act, 1927) .. .. 2,235 17 11 — — 261,480 18 8 Sundry creditors — £ s. d. Sundry debtors for rent. . .. .. 4,754 911 Rents .. .. .. 38 12 9 Postponed rent: Land Act, 1924.. .. 239 1 1 Departmental .. .. 239 10 5 Interest accrued but not duo on 278 3 2 investments . . .. .. 2 17 10 Rents due but not accrued .. .. .. 2,937 4 7 Losses in Suspense .. .. .. 313 12 8 Deteriorated Lands Act, 1925 : Suspense Account 14 0 0 Cash held by Public Trustee .. .. 796 4 2 Writings-off in Suspense .. .. .. 313 12 8 Cash in Treasury Deposit Account Revenue Account: Balance carried forward .. 7,218 7 0 at 31st March, 1937 — £ s. d. Sales of land.. .. .. 1,564 13 8 Rents, &c. .. .. .. 5,379 511 6,943 19 7 £274,531 3 II £274,531 3 11 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 bisection 17 (5) (b) of the Land Laws Amendment Act, 1927.— J. H. Fowler, Controller and Auditor-General.

27