B. —1 [Pt. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account for the Year ended 31st March, 1940. Capital. Maintenance. Capital. Maintenance. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Remissions .. .. .. 552 14 3 485 18 0 Balance as at 31st March, 1939 .. 409 8 3 8,147 6 3 Transfer to Reserve Fund .. 1,242 10 0 .. Rates struck for year .. 10,463 10 2 7,032 10 1 Interest on capital cost .. .. 8,712 10 0 .. 10-per-cent. penalty added to 1938Cost of maintenance .. .. .. 7,660 8 4 39 rates .. .. .. 131 12 5 161 10 3 Balance as at 31st March, 1940 .. 500 13 5 9,750 13 11 Subsidy on maintenance costs .. .. 2,553 9 5 Adjustment: Amount previously written off .. .. .. 3 16 10 2 4 3 £11,008 7 8 £17,897 0 3 £11,008 7 8 £17,897 0 3

Revenue Account for the Year ended 31st March, 1940. Dr. £ s. d. Cr. £ s. d. Losses written off .. .. .. .. 2,104 511 Accrued rent .. .. .. .. 195 9 4 Law-costs remitted .. .. .. .. 110 0 Interest on capital cost recoverable by rates .. 8,712 10 0 Interest on Public Works Fund capital .. .. 19,566 14 9 Balance, transferred to Drainage Works Account 12,764 11 4 £21,672 10 8 £21,672 10 8

Balance-sheet as at 31st March, 1940. Liabilities. £ s. d. Assets. Public Works Fund .. .. .. .. 489,168 12 7 Drainage works— £ s. d. Free capital from Employment Promotion Fund 890 19 0 Recoverable capital expenditure (section 11, Reserve Account for repayment of capital cost .. 1,242 10 0 Finance Act, 1927, No. 2) .. .. 205,000 0 0 Treasury Adjustment Account .. .. 293,281 18 8 Not recoverable: Capital expenditure and Unpaid purchase-money for land taken .. 210 1 1 capitalized interest .. .. .. 551,552 17 0 Sundry creditors — £ s. d. Plant, machinery, and tools .. .. .. 1,934 10 6 Departmental .. .. 1,249 1 5 Buildings . . . . . . .. . . 1,439 6 5 Miscellaneous .. .. 295 6 2 Sundry goods .. .. .. .. 1,186 18 4 1,544 7 7 Sundry debtors — Rate Account — Rates — £ s. d. Capital .. .. .. 500 13 5 Capital .. .. 17,562 5 10 Maintenance .. .. 9,750 13 11 Maintenance .. .. 13,630 15 10 10,251 7 4 Law-costs .. .. 470 11 10 Writings-off in Suspense .. .. .. 2,104 511 Rents .. .. .. 5 0 0 Payments in advance: Rates.. .. .. 118 3 Miscellaneous .. .. 85 15 0 Departmental .. .. 184 5 2 31,938 13 8 Cash in transit from Post-office .. .. 2,648 9 7 Expenditure from Employment Promotion Fund 890 19 0 Losses in Suspense .. .. .. .. 2,104 5 11 £798,696 0 5 £798,696 0 5

R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

I hereby certify that the Rate and Revenue Accounts 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

(For Receipts and Payments Account see parliamentary paper C.-11, page 3.)

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