B.—l [PT. IV].

LAND AND DEEDS DEPARTMENT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Salaries .. .. .. .. .. 44,666 Land transfer fees— Advertising .. .. .. .. .. 252 General .. .. .. .. .. 58,429 Binding .. .. .. .. .. .. 223 Compulsory registrations .. .. .. .. 3,884 Draughtsmen's work .. .. .. .. 9,549 Deeds registration fees .. .. .. .. 609 Freight and cartage .. .. .. .. 2 Land and income tax registration fees .. .. 266 Fuel and light .. .. .. .. .. 377 Balance carried down .. .. .. .. 1,534 Law-costs.. .. .. .. .. .. 25 Office cleaning .. .. .. .. .. 256 Office equipment .. .. .. .. .. 60 Postages .. .. .. .. .. .. 345 Printing and stationery .. .. .. .. 764 Rent .. .. .. .. .. .. 7,744 Telephone services .. .. .. .. .. 283 Transfer expenses .. .. .. .. .. 33 Travelling-expenses.. .. .. .. .. 40 Typewriters .. .. .. .. .. 37 Contingencies .. .. .. .. .. 15 Writing off Reserve .. .. .. .. 1 Depreciation .. .. .. .. .. 50 £64,722 £64,722 £ £ Balance down .. .. .. .. .. 1,534 Excess of expenditure over income .. .. .. 1,743 Interest on cpaital .. . . .. .. .. 209 £1,743 £1,743 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital Account .. .. .. .. 5,330 Furniture .. .. .. .. .. .. 4,784 Creditors — £ Mechanical appliances .. .. .. .. 79 Departmental .. .. .. . . 89 Library .. .. .. .. .. .. 467 Sundry .. .. .. .. .. 1,144 Assets in Suspense .. .. .. .. .. 1 1,233 Debtors— £ Writing off Reserve .. .. .. .. .. 1 Departmental .. .. .. .. 230 Treasury Adjustment Account . . .. .. 741 Sundry .. .. .. .. .. 1 231 Excess of expenditure over income .. .. 1,743 £7,305 £7,305 Note. —The value of free searches (calculated at ordinary search-fee rates) made by local bodies, surveyors, and Government Departments during the year ended 31st March, 1940, was £6,321. P. G. Pearce, Secretary for Land and Deeds. I hereby certify that the Income and Expenditure 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, 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.

RESERVE FUND ACCOUNT. Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income,. £ Excess of income over expenditure .. .. .. 44,087 Interest on investments .. .. .. .. 43,838 Interest on loans (section 38 (a), Hawke's Bay Earthquake Act, 1931) .. .. .. .. .. 249 £44,087 £44,087 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Capital, Ist April, 1939 .. .. .. .. 1,998,930 Investment Account— Add amount recovered in respect of debt previously Nominal Value. written off as irrecoverable .. .. .. 5 t> m.- i. n ■ r 335,671 British Conversion Loan, 1944-64 .. 342,137 1 998 935 31,551 Imperial War Loan .. .. .. 33,760 Less 367 222 BQ7 Administration expenses (section 39, £ , T 4 , , ~ Hawke's Bay Earthquake Act, 1931) .. 1 New Zealand Government stock, 1958 .. .. 865,000 Grants under section 38 (a), Hawke's Bay * nterest a , ccru ° d °? "vestments .. 14,853 Earthquake Act, 1931 .. .. 84 Loans under Hawke s Bay Earthquake Act, Losses written off on loans under section 0 00 , v . . i v 38 (a), Hawke's Bay Earthquake Act, Section 38 (a) private individuals) .. 55 ,857 ,qoi Section 38 (6) (local authorities) .. 141,401 " " " " _ 19 g 693,258 Interest due and unpaid on loans .. .. .. 781 1 998 742 Interest postponed .. .. .. .. 604 Excess of income over expenditure for year ended 31st Sundry debtors .. •• •• •• 360 March, 1940 .. .. .. .. .. 44,087 -Treasury Adjustment Account 27,849 Cash in -Reserve 1< und Account .. .. .. 64,220 Cash in Deposits Account £2,042,829 £2,042,829

A. R. P. Mackay, M.Com. (N.Z.), Ph.D. (Lond.), Accountant to the Treasury.

I hereby certify that the Income and Expenditure 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.—Cyril G. Collins, Controller and Auditor-General.

27