B. —13

Dwellings erected and in course of Erection (£4,354,110 2s. 4d.). —This represents the total expenditure on the erection of houses, flats, &c., since the inception of the new housing scheme in 1936 ; and the item Construction Branch preliminary expenses— £163,966 Bs. 5d. —covers administration and supervision expenses in connection with the same work. Both these amounts will be allocated to " Dwellings Let " in the same way as the cost of land purchased. Overdue Interest and Rent.—The whole of the interest arrears relate to the sales of house property made under the 1919 Act, and the overdue rent is almost entirely in respect of the old properties erected prior to 1936. During the year ended 31st March, 1939, the total sum expended on the erection of dwellings, and on administration and supervision was £3,368,242. Expenditure for the same period incurred in the acquisition of land and preparation of same for dwellings amounted to £590,067, representing expenditure in the following localities : — £ s. d. £ s. d. £ g. d. Auckland . 214,138 19 0 Kaikohe .. 296 14 1 Raetihi .. 219 12 11 Ashburton .. 2,465 2 1 Kaitaia 1,319 11 1 Rangiora .. 1,047 7 5 Alexandra .. 460 0 0 Lyttelton .. 1,233 12 10 Shannon .. 276 0 4 Balclutha .. 966 16 4 Marton .. 229 15 9 Stratford .. 1,965 10 0 Blenheim .. 650 7 5 Masterton .. 3,747 7 4 Taihape .. 571 12 0 Bluff .. 454 8 3 Matamata .. 1,091 3 6 Taumarunui .. 566 6 7 Cambridge .. 393 14 4 Mataura .. 601 5 7 Tauranga .. 850 610 Carterton .. 512 4 5 Milton .. 495 14 2 Te Awamutu 1.452 5 0 Christohurch ~ 63,366 14 1 Morrinsville .. 357 3 7 Te Kuiti .. 780 12 10 Dunedin .. 16,437 5 1 Mosgiel .. 722 8 8 Te Puke .. 527 17 0 Fairlie .. 580 8 2 Motueka .. 982 2 8 Timaru .. 947 9 5 Featherston .. 205 3 1 Napier .. 11,942 15 3 Tuakau .. 826 ] 8 Feilding .. 1,374 1 7 Nelson .. 2,645 17 7 Waimate .. 1,031 3 5 Gisborne .. 1,563 18 1 New Plymouth 5,169 3 0 Waipukurau .. 1,242 19 7 Gore .. 3,201 12 8 Ngaruawahia.. 331 19 10 Wairoa .. 1,256 14 3 Greymouth .. 4,066 8 1 Oamaru .. 2,503 10 11 Wanganui .. 4,427 8 6 Greytown .. 570 10 2 Opotiki .. 255 12 0 Wellington .. 186,809 411 Hamilton .. 7,178 18 4 Opunake .. 265 0 1 Westport .. 549 17 V] Hastings .. 1,295 411 Otaki .. 374 5 8 Whakatane .. 1,577 14 7 Havelock N. .. 566 17 6 Paeroa .. 619 13 8 Whangarei .. 6,047 13 3 Hawera .. 812 11 0 Pahiatua .. 485 17 4 Woodville .. 350 8 1 Hokitika .. 758 10 0 Palmerston N. 8,335 15 3 Other towns 1,701 1 4 Huntly .. 1,095 1 2 Palmerston S. 249 11 5 Inglewood .. 226 6 6 Patea .. 684 9 0 £590,067 5 7 Invercargill .. 4,434 11 10 Pukekohe .. 1.502 15 3 Kaiapoi .. 822 18 2 A. D. Park, Chairman of Directors. T. N. Smallwood, Deputy Chairman of Directors. G. A. Lewin B. C. Ash win D. Barnes I

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