C.—s

LAND FOR SETTLEMENTS ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1939.

5

General. Cheviot. Hutt Valley. Total. Dr. Interest on— £ s. d. £ 8. d. £ s. d. £ s. d. Loan-capital liability .. .. .. .. .. 404,324 12 11 5,632 2 7 .. 409,956 15 6 Capital from proceeds of sales of Grown lands .. .. 84,795 2 6 .. .. 84,795 2 6 Value of Crown lands in estates .. .. .. .. 8,479 9 7 .. .. 8,479 9 7 National Endowment Trust Funds .. .. .. 4,354 11 8 .. .. 4,354 11 8 Cheviot Estate: Accumulated Fund transferred .. .. 18,63160 .. .. 18,63160 Deposits by lessees: Section 208, Land Act, 1924 .. .. 349 3 6 .. .. 349 3 6 Capital from Land for Settlements —General .. .. . . .. 5 10 6 5 10 6 Sundry charges re. loans— Stamp duty on transfer of stock .. .. .. .. 656 .. .. 656 Recoupment of management charges of New Zealand con- 1,621 12 0 .. .. 1,621 12 0 solidated stock Proportion of premium on loan conversion.. .. .. 2,563 0 0 . . . . 2,563 0 0 Administration expenses — Estates .. .. .. .. .. .. 10,024 16 9 791 10 5 172 19 6 10,989 6 8 Land Laws Amendment Act, 1929 .. .. .. 448 5 1 .. .. 448 5 1 Rebates— Rents, &c., from estates .. .. .. .. 32,018 10 3 1,570 6 3 13 3 6 33,602 0 0 Rents, &c,, under Land Laws Amendment Act, 1929 .. 602 18 1 .. .. 602 18 1 Remissions of rent and interest— Land Board recommendations .. .. .. .. 10,311 19 5 17 10 10 230 18 1 10,560 8 4 Under Mortgagors and Lessees Rehabilitation Act, 1936 .. 268,562 9 5 638 12 5 433 1 3 269,634 3 1 Irrecoverable rents, &c., transferred to Suspense Accounts — Rents, &c., from estates .. .. .. .. 4,756 17 10 .. 78 11 7 4,835 9 5 Rents, &c., under Land Laws Amendment Act, 1929 .. 510 11 0 .. .. 510 11 0 Deficiency on disposal of development blocks. . ... .. 9,086 4 11 .. .. 9,086 4 11 Miscellaneous expenditure on estates and preliminary expenses 515 12 6 .. 246 14 0 762 6 6 Compensation for injuries incurred on development works .. 1299 .. .. 1299 Audit fees .. .. .. .. .. .. 250 0 0 .. .. 250 0 0 Salaries . . .. .. . . .. .. .. 1,000 0 0 . . .. 1,000 0 0 Travelling-expenses .. .. .. .. .. 35 15 6 . . .. 35 15 6 Telephone ser vices .. .. .. .. .. 15 0 0 .. . . 15 0 0 Depreciation of plant, &c, .. .. .. .. .. 247 5 0 .. .. 247 5 0 Interest on Cheviot Estate fixed capital (see contra) .. .. .. 7,151 11 4 .. 7,151 11 4 Balance carried down .. .. .. .. .. . . 1,025 11 7 8,998 17 9 10,024 9 4 £863,523 19 2 £16,827 5 5 £10,179 16 2 £890,531 0 9 £ s. d. £ s. d. £ s. d. £ s. d. Balance brought down .. .. •• .. •• 338,240 17 5 .. .. 338,240 .17 5 Transfer to reserve .. .. . . .. • • ■ ■ 1,025 11 7 .. 1,025 11 7 Transfer to Profit and Loss Appropriation Account .. .. .. .. 8,998 17 9 8,998 17 9 £338,240 17 5 £1,025 11 7 £8,998 17 9 £348,265 6 9 Cr. Rents and royalties— £ s. d. £ s. d. £ s. d. £ s. d. Estates .. .. .. .. .. .. 402,951 1 0 15,890 3 1 133 4 2 418,974 8 3 Land Laws Amendment Act, 1929 .. .. .. 6,260 4 6 .. .. 6,260 4 6 Interest on sales— Estates .. .. .. .. .. .. 20,993 3 6 937 2 4 5,157 1 II 27,087 7 9 Land Laws Amendment Act, 1929 .. .. .. 733 3 10 .. .. 733 3 10 Interest on capital expenditure— Brinklands Estate . . .. .. . . . . 808 6 5 .. . . 808 6 5 Hutt Valley Settlement .. .. .. .. .. 5 10 6 .. .. 5 10 6 Land-development .. .. .. .. .. 2,033 2 8 .. ., 2,033 2 8 Interest on advances- — Land Laws Amendment Act, 1929 .. .. .. 11,073 10 5 .. .. 11,073 10 5 Deteriorated Lands Act, 1925 . . .. .. .. 328 6 7 .. .. 328 6 7 Interest on loans for reading of endowment lands under section 47, Land for Settlements Act, 1925 — Wanganui River Trust Endowment .. .. .. 87 18 2 .. .. 87 18 2 Otago University Endowment .. .. .. .. 79 12 3 . . .. 79 12 3 Interest on investments .. .. .. 15,172 19 3 .. .. 15,172 19 3 Interest on investments in Public Debt Redemption Fund .. 57,539 8 8 .. .. 57,539 8 8 Valuation fees : Sections 7 and 14, Land Laws Amendment Act, 39 17 6 .. .. 39 17 6 1929 Amounts credited to dairy-company shares .. .. . . 14 5 0 .. .. 14 5 0 Miscellaneous .. .. .. ■■ • • 1102 .. .. 1102 Interest on Cheviot Estate (see contra) .. .. 7,151 11 4 .. .. 7,151 11 4 Gross profit on trading .. . .. . . .. .. 4,889 10 1 4,889 10 I Balance carried down .. •• 338,240 17 5 .. .. 338,240 17 5 £863,523 19 2 £16,827 5 5 £10,179 16 2 £890,531 0 9 £ s. d. £ s. d. £ s. d. £ s. d. Balance brought down .. .. •• •• •• 1,025 11 7 8,998 17 9 10,024 9 4 Transfer from Reserve .. .. .. •• 338,240 17 5 .. .. 338,240 17 5 C338.240 17 5 £1,025 11 7 £8,998 17 9 £348,265 6 9