B.—l [PT. TV], SUP. to 1937.

* SURVEYS OF NATIVE LAND. Revenue Account for the Year ended 31st March, 1937. Dr. £ s. d. Cr. £ s. d. Irrecoverable interest: Writings-off in Suspense .. 187 4 9 Interest on liens .. .. .. .. 5,497 i 8 10 Remissions of interest pursuant to parliamentary Recovery of bad debt.. .. .. .. 2 12 0 report G.-7, Bth November, 1932 .. .. 21,778 9 7 Balance carried down.. .. .. .. 16,465 13 6 £21,965 14 4 £21,965 14 4 £ s. d. £ s. d. Balance brought down .. .. .. 16,465 13 6 Loss for year carried forward .. .. .. 22,977 1 6 Interest on capital .. .. .. .. 6,511 8 0 £22,977 1 6 £22,977 1 6 m y Balance-sheet as at 31st March, 1937. Liabilities. £ s. d. Assets. £ s. d. Capital: Public Works Fund .. .. 142,430 14 7 Liens .. .. .. .. .. 121,465 15 8 Sundry creditors: Departmental .. .. 1 18 10 Interest on liens .. .. .. .. 81,745 10 10 Payments in advance — £ s. d. Suspense Account: Liens not yet established .. 4,113 9 9 On account principal .. .. 433 911 Losses in Suspense .. .. .. .. 664 3 5 On account interest .. .. 40 0 6 Liens written off in pursuance of 473 10 5 Parliamentary report 6.-7,Bth. £ s. d. Writings-off in Suspense .. .. .. 664 3 5 November, 1932 .. .. 43,853 18 6 Treasury Adjustment Account .. .. 103,249 12 5 Less received from Consolidated Fund .. .. 28,000 0 0 — — 15,853 18 6 Revenue Account: Loss for year .. 22,977 1 6 £246,819 19 8 £246,819 19 8 J. H. O'Donnell, Assistant 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 remissions of interest pursuant to parliamentary paper 6.-7, .1932, have been made without the authority of Parliament.—J. H. Fowler, Controller and Auditor-General.

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