B.—l [PT. IV

HAURAKI PLAINS SETTLEMENT SCHEME. Revenue Account for the Year ended 31st March, 1940. Dr. £ s. d. Or. £ s. d. Interest on capital .. .. .. .. 33,939 18 7 Accrued rents .. .. ... .. 6,306 5 2 Kaihere Ferry (net cost of operating) .. .. 122 12 1 Interest on sales of land, &c. .. .. .. 1,824 14 9 Administration expenses .. .. .. 381 1 3 Grazing fees .. .. .. .. 14 3 Remissions of rent .. .. ~. .. 693 13 2 Hire of plant .. .. .. .. 120 13 0 Remissions of interest .. .. .. 151 4 8 Royalties .. .. .. .. .. 131 16 7 Rebates .. .. .. .. .. 592 4 10 Net loss carried down.. .. .. .. 27,908 14 1 Capital reductions under section 216, Land Act, 1924 205 0 0 Capital reductions under Mortgagors and Lessees Rehabilitation Act, 1936 .. . . .. 127 8 8 Irrecoverable rents, &c. .. .. .. 65 12 1 Recovery of amount previously written off .. 0 2 6 Premiums on conversion .. .. .. 14 10 0 £36,293 7 10 £36,293 7 10 £ s. d. £ s. d. Net loss brought down .. .. .. 27,908 14 1 Balance carried forward .. .. .. 364,514 5 1 Balance from previous year .. .. .. 336,605 11 0 £364,514 5 1 £364,514 5 1 Rate Account for the Year ended 31st March, 1940. Dr. £ s. d Cr. £ s. d. Maintenance completed works .. .. .. 2,146 11 9 Balance brought forward .. .. .. 1,738 010 Remissions of rates .. .. .. .. 515 15 11 Rates levied .. .. .. .. .. 2,010 7 6 Balance .. .. .. .. 1,086 0 8 £3,748 8 4 £3,748 8 4 Balance-sheet as at 31st March, 1940. Liabilities. I Assets. Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. £ s. d. Public Works Fund .. .. 839,802 4 4 Land Board for settlement — Value of Crown land set apart Leased .. .. .. 116,504 3 3 under Act .. .. 45,000 0 0 Unleased.. .. .. 898 5 1 Transferred from Discharged Unpaid purchase-money for Soldiers Settlement Account 264 15 0 land sold on deferred pay885,066 19 4 ment .. .. .. 38,563 1 3 Employment Promotion Fund: Capital .. 10,083 18 1 — 155,965 9 7 Consolidated Fund: Capital .. .. 6,112 4 9 Unimproved value land not disposed of 18,322 1 0 Reserve for loss on Discharged Soldiers Settlement Improvements on adjoining Crown lands 7,710 0 0 assets .. .. .. • • 140 0 0 Permanent reserves .. .. .. 60 0 0 Sundry creditors —• £ s. d. Works in progress : Expenditure on land in Miscellaneous .. .. .. 60 3 0 course of reclamation, including formation Departmental .. .. .. 741 15 2 and metalling of roads .. .. 669,878 12 4 801 18 2 Capital expenditure— Rent charged in advance .. .. .. 1,390 0 0 Employment Promotion Fund .. 10,083 18 1 Rate Account .. .. .. . • 1,086 0 8 Consolidated Fund .. .. 6,112 4 9 Payments in advance — £ s. d. Artesian wells — Rent .. .. .. • • 388 410 Crown tenants, Hauraki £ s. d. Instalment of principal on deferred- Plains .. .. .. 117 12 1 payment sales .. .. 23 10 5 Permanent reserves and Instalment of interest on deferred- Crown lands .. .. 216 10 9 payment sales .. 55 14 6 334 2 10 467 9 9 Buildings .. .. .. .. 2,618 9 7 Suspense Account .. .. ■ • 16 1 Wharves .. .. .. .. 100 0 0 Writings-off in Suspense .. .. .. 163 2 4 Machinery, plant, and tools .. .. 12,730 17 11 Treasury Adjustment Account .. .. 362,645 11 10 Live-stock .. .. .. .. 18 11 0 Stores .. .. .. .. 8,420 13 3 Stamps on hand .. .. .. 0 10 Sundry debtors— Rent .. .. .. 759 7 6 Rates .. .. .. 2,671 16 11 Instalment of prinoipal on deferred-payment sales .. 98 11 5 Interest on well-boring .. 97 9 5 Interest on deferred-payment sales .. .. .. 168 7 8 Law-costs .. .. 115 13 11 Tram freights .. .. 7 10 0 Grazing .. .. .. 10 18 4 Miscellaneous .. .. 5,561 14 1 Departmental .. .. 832 0 3 — 10,323 9 6 Postponed rent (Mortgagors and Lessees Rehabilitation Act, 1936) .. .. 132 2 9 Losses in Suspense .. .. .. 163 2 4 Interest accrued but not due .. .. 427 0 0 Premiums on conversion .. .. 43 10 0 Revenue Account: Balance forward .. 364,514 5 1 £1,267,958 11 0 £1,267,958 11 0 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, 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 AuditorGeneral .

(For Receipts and Payments Account see parliamentary paper C.-8, page 5.)

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