B. —1 [FT. IV], SUP. to 1937.

LANDS AND SURVEY DEPARTMENT—continued WANGANUI RIVER TRUST ACCOUNT. Receipts and Payments Account toe the Year ended 31st Maech, 1937. Receipts. £ s. d. Payments. £ s. d. Rents .. .. .. .. .. .. 651 6 6 Consolidated Fund : Administration expenses, secPrincipal instalments in respect of sales .. .. 4 9 0 tion 6of the Wanganui River Trust Act, 1891 .. 28 . 4 3 Interest instalments in respect of sales, &c. .. .. 19 8 9 Wanganui River Trust under Wanganui River Trust Act, 1891 .. .. .. .. .. 536 0 2 Interest on loan repayments under section 47, Land for Settlements Act, 1925 . . .. . . 101 0 4 Principal repayments of loan under section 47, Land for Settlements Act, 1925 .. .. .. 4 9 0 Balance in Local Bodies' Deposit Account of Receiver of Land Revenue, Wellington, at 31st March, 1937. . 5 10 6 £675 4 3 £675 4 3 Revenue Account foe the Year ended 31st Maech, 1937. Dr. C'r. £ s. d. Administration expenses due to Consolidated Fund £ s. d. Accrued rent .. .. .. .. .. 610 10 4 under section 6of the Wanganui River Trust Act, Accrued interest .. .. .. .. 13 0 2 1891.. .. .. .. .. .. 28 9 9 Interest on loans under section 47, Land for Settlements Act, 1925 .. .. .. .. 92 5 10 Remissions of rent under Land Act, 1924 .. . . 55 18 0 Balance carried down .. .. .. .. 446 16 11 £623 10 6 £623 10 6 £ s. d. £ s. d. Balance from previous year .. .. . . 296 810 Balance brought down .. .. . . .. 446 16 11 Amount due to Wanganui River Trust under Wa- Balance carried forward .. .. .. . . 390 17 1 nganui River Trust Act, 1891 .. .. .. 541 5 2 £837 14 0 £837 14 0 Balance-sheet as at 31st Maech, 1937. Liabilities. Assets. £ s. d. £ s. d. Endowment lands— £ s. d. £ s. d. Capital .. .. .. .. .. 13,229 12 7 Leased .. .. .. 14,850 9 2 Loan for reading, section 47, Land for Unleased .. .. .. 593 10 0 Settlements Act, 1925— 15,443 19 2 Advances .. .. .. 2,022 8 I Sundry debtors for— Principal instalments .. .. 423 211 Rents .. .. .. 549 19 11 Interest .. .. .. 809 12 7 Sales (not yet payable) .. .. 231 4 5 3,255 3 7 ' —— 781 4 4 Sundry creditors — Interest paid in advance : Wanganui River Trust Administration expenses (depart- loans .. .. .. .. .. 1095 mental) .. .. .. 0 5 6 Interest on sales accrued but not due .. .. 3 5 0 Rents charged in advance .. 156 2 0 Rents postponed (under Mortgage Relief Acts) .. 23 610 Rents paid in advance .. .. 12 3 8 Revenue Account: Balance carried forward .. 390 17 1 Wanganui River Trust: Amount not Cash in Local Bodies' Deposit Account of Receiver of yet paid over .. .. 5 5 0 Land Revenue, Wellington, at 31st March, 1937.. 5 10 6 173 16 2 £16,658 12 4 £16,658 12 4 J. H. O'Donnell, Assistant Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, 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 : Endowment revenue has been paid to the Wanganui River Trust without provision having been made for the payment of arrears of interest and principal instalments owing in connection with the loans under section 47 of the Land for Settlements Act, 1925. —J. 11. Fowler, Controller and Auditor-General.

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