B.—l [PT. IV], SUP. TO 1939.

CEOWN LANDS ACCOUNT. Revenue Account for the Year ended 31st March, 1939. Dr. £ s. d. Or. Administration expenses .. .. .. 1.3,654 4 6 Accrued revenue — £ s. d. £ s. d. Rebates .. .. .. .. .. 12,113 3 3 Rents .. .. .. 252,508 3 8 Remissions under — £ s. d. Interest on sales of land .. 28,860 12 2 Land Act, 1924 .. .. 7,324 8 6 Royalties .. .. .. 9,282 911 Mortgagors Relief Acts.. .. 64,057 2 0. 290,651 5 9 Deteriorated Land Act, 1925 .. 70 8 8 Residue of receipts from mining district land- —• 71,451 19 2 occupation leases paid to Public Account under Thirds under section 139, Land Act, 1924 .. 3,430 10 5 section 317, Land Act, 1924 .. .. 912 1 6 Irrecoverable rents : Writings-off in Suspense .. 4,455 12 8 Interest under section 13, Land La"us Amendment Depreciation—• £ s. d. Act, 1926 .. .. .. .. .. 84,795 2 6 Buildings .. .. .. 145 1 3 Interest under section 47, Land Laws Amendment McGregor Block .. .. 656 18 0 Act, 1929 .. .. .. .. .. 8,479 9 7 801 19 3 Profit on sale of improvements .. .. 80 0 0 Sundry expenditure in respect of Adjustment in respect of previous years .. 6,475 8 6 Crown lands out of vote" Lands Miscellaneous: Territorial revenue .. .. 5 10 4 and Survey '' —• Rent Aranui Block .. .. 48 3 6 Repairs to dwellings .. .. 141 4 0 Insurances .. .. .. 104 8 3 Protection, clearing, grassing .. 1,895 3 2 Destruction of rabbits .. .. 5,728 1 4 Eradication of noxious weeds .. 9,000 8 9 Rates to local authorities .. 1,464 7 2 Reclamation of sand-dunes .. 573 0 3 Repairs and alterations .. 281 16 5 Compensation for error in title .. 50 0 0 19,286 12 10 Adjustments in respect of previous years .. 534 18 2 Balance carried down .. .. .. 265,669 17 11 £391,398 18 2 £391,398 18 2 £ s. d. £ s. d. Interest on capital .. .. .. .. 362,554 16 0 Balance brought down .. .. •• 265,669 17 11 Thermal Springs Account .. .. .. 296 11 6 Mining District Land Occupation Account .. 798 18 5 Balance, 31st March, 1939 .. .. .. 96,382 11 2 £362,851 7 6 £362,851 7 6 ORAKEI BLOCK ACCOUNT. Trading and Profit and Loss Account for the Year ended 31st March, 1939. Dr. Gr. £ s. d. Land on hand at cost, plus expenses of subdivision, £ s. d. Sales: Net .. .. .. .. 1,457 15 5 roading, &c., as at Ist April, 1938 .. .. 348,635 13 2 Land on hand at cost, plus expenses of subdivision, Surveys and contingencies— £ s. d. roading, &c., as at 31st March, 1939 .. 347,290 811 Commissions paid to land-agents .. 47 10 0 Building repairs .. .. .. 5 16 7 Rates .. .. .. .. 56 0 7 Legal expenses .. .. .. 0 3 0 Valuation expenses .. . • 110 110 11 2 Gross profit transferred to Profit and Loss Account 2 0 0 £348,748 4 4 £348,748 4 4 £ s. d. £ s. d. Administration expenses .. .. .. 150 18 10 Gross profit .. .. .. .. 2 0 0 Depreciation reserve: Buildings .. .. 77 18 6 Accrued D.P. interest .. .. .. 2,047 10 9 Interest on purchase-money .. .. .. 4,952 7 1 Accrued rent .. .. .. .. 537 15 7 Interest on expenditure under section 417 .. 14,641 13 0 Balance: Net loss transferred to Crown Lands Remission — £ s. d. Account .. .. .. .. 18,349 0 1 Ordinary .. .. .. 59 15 2 Mortgagors and Lessees Rehabilitation Act .. .. .. 625 3 11 684 19 1 Writings-ofE in Suspense (interest written off) .. 428 9 II £20,936 6 5 £20,936 6 5 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets. £ s. d. Crown Lands Account .. .. .. 351,005 18 9 Land at cost, plus expenses of subdivision, roadLand for Settlements Account .. .. 33,379 8 2 ing, &c... .. .. .. .. 346,565 811 Sundry creditors for payment in ad- Leased land .. .. .. .. 725 0 0 advance —• £ s. d. Buildings .. .. .. .. .. 2,597 10 0 D.P. instalment principal .. .. 163 13 4 Debtors for— £ s. d. D.P. interest .. .. ..10 0 0 D.P. instalment principal .. 335 18 1 173 13 4 D.P. interest .. .. .. 1,493 14 9 Depreciation reserve: Buildings .. .. 747 3 8 Rent .. .. .. 31 12 6 Writings-off in Suspense Account .. .. 315 14 10 Sales of land .. .. .. 33,207 3 5 Rent Adjustment Account .. .. .. 151 6 3 35,068 8 9 Outstanding rents, &c., in Suspense Account 315 14 10 Interest Adjustment Account .. .. 501 2 6 £385,773 5 0 £385,773 5 0

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