B.—l [Pt. IV],

LANDS AND SURVEY DEPARTMENT—continued. NORTH ISLAND EXPERIMENTAL DAIRY SCHOOL ACCOUNT. Receipts and Payments Account fob the Year ended 31st March, 1939. _ . . Receipts. Payments. £ g. d. .Balance in lreasury Deposit Account at Ist April, £ s. d. Administration expenses .. .. .. 10 1 4 „ 1 ? 38 f s - d ' Payment to Massey Agriculture College for benefit ™ stl " •• •• 3,100 18 1 of Dairy Research Institute .. .. .. 530 0 0 Investments .. .. .. 8,500 0 0 Balance in Treasury Deposit Account 11,600 18 1 at 31st March, 1939— £ s. d. Rents •• •• •• •• •• 201 5 0 Cash.. .. .. . 102 1 9 Interest on investments .. .. .. 340 0 0 Investments .. .. 11,500 0 0 —- 11,602 1 9 £12,142 3 1 | £12,142 3 1 Revenue Account for the Year ended 31st March, 1939. r ' £ s - d. Or. £ s d Administration expenses under section 4, Land Laws Accrued rent .. .. .. .. .. 201 5 0* Amendment Act, 1927 .. .. .. .. 10 1 4 Interest on investments .. .. 351 iJI Payment to Massey Agriculture College for benefit of Dairy Research Institute .. .. .. 530 0 0 Balance carried down .. .. .. .. 12 5 7 £552 6 11 £552 6 11 £ s. d. £ s _ d. Balance .. .. .. .. .. 11,647 8 0 Balance, brought down .. .. .. 12 5 7 Balance from previous year .. .. .. 11,635 2 5 £11,647 8 0 £11,647 8 0 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 4,844 19 10 Leased land .. .. .. 4 625 0 0 Rents charged but not accrued.. .. .. 6 15 5 Plantation .. .. .. .. '219 19 10 Revenue Account-— £ s. d. Interest on investments accrued but not due .. 52 1 8 Balance, Ist April, 1938 .. 11,635 2 5 Treasury Deposit Account— £ s d Surplus for year .. .. 12 5 7 Cash . . .. .. 102 1 9 11,647 8 0 Investments .. .. 11,500 0 0 11,602 1 9 3 3 £16,499 3 3 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, 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.—J. H. Fowler, Controller and Auditor-General.

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