B. —1 [PT. IV].

HAURAKI PLAINS SETTLEMENT SCHEME—continued. Balance-sheet as at 31st March, 1939. Liabilities. Assets. Capital Account— £ s. d. £ s. d. s. c. Public Works Fund .. .. 856,664 14 11 Improved lands handed over to Value of Crown land set apart Land Board for settlementunder Act .. .. 45,000 0 0 Leased 138,046 13 3 Transferred from Discharged Unleased .. .. , Soldiers Settlement Account 264 15 0 Unpaid purchase-money for land 901,929 9 11 sold on deferred payment .. 30,01 d 1U z Employment Promotion Fund capital .. 10,083 181 — - qk'qoq n r. Consolidated Fund capital .. .. 6,112 4 9 Unimproved value, land not disposed of .. 35,889 11 6 Reserve for loss on Discharged Soldiers Settlement Improvements on adjoining Crown lands 7,710 0 U agsetg 140 0 0 Permanent reserves .. .. •• »,soi u u Sundrv creditors— " " £" S. d. Works in progress: Expenditure on land in course Miscellaneous .. .. 155 8 11 of reclamation, including formation and metalDepartmental .. .. 1,856 19 6 ling of roads 633,7dJ —. 2,012 8 5 Capital expenditure— Rent charged in advance .. .. 1,735 0 0 Employment Promotion Fund .. 10,083 18 1 Rate Account 1,738 010 Consolidated Fund .. .. .. 6,112 4 9 Payments in advance- £ s. d. Artesian wells- ,70 a s Grazing fees .. .. 0 15 0 Crown tenants, Hauraki Plains 170 8 8 ' 234 3 4 Permanent reserves and Crown Rates :: :: :: 00 9 ««10 9 386 i 9 5 Instalment of principal on de- ~ o 797 1 a 7 ferred-payment sales 10118 4 Buddings 0 0 Instalment of interest on de- wnarves .. .. ]fi ~, 11 2 ferred-payment sales .. 65 3 4 Machinery and plant 'is 11 0 F 402 0 9 Live-stock 18 " 0 Suspense Account .. .. • • 16 1 Stores .. .. • • • • 010 Writings-off in Suspense .. .. 116 0 7 Stamps on hand .. .. .. Treasury Adjustment Account .. .. 333,969 15 6 Sundiy debtors- 1 992 15 2 Rates .. .. •• 3,052 18 4 Instalment of principal on de-ferred-payment sales .. 115 6 5 Instalment of principal on buildings .. .. .. 2 3 1 Interest on well-boring .. 92 4 5 Interest on deferred-payment sales .. .. .. 323 3 6 Law-costs .. .. .. 134 14 3 Tram freights and ferry fares .. 8 10 0 Grazing .. .. .. 28 15 2 Miscellaneous .. .. 5,374 9 4 Departmental .. -. 2,570 4 3 F 13,695 3 11 Postponed rent (Mortgagors and Lessees Rehabilitation Act, 1936) .. .. 185 10 4 Losses in Suspense .. .. •• 116 0 7 Interest accrued but not due .. .. 395 0 0 Premiums on conversion .. • • 58 0 0 Revenue Account: Balance forward .. 336,605 11 0 £1,258,240 4 11 £1,258,240 4 11 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the 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 subiect to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. The following comment is appended : The balance of the Works in Progress Account—viz £633 732 Bs. 4d.— appearing in the Balance-sheet greatly exceeds the value of lands the control ot which has not yet been transferred to the Land Board.—J. H. Fowler, Controller and Auditor-General.

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