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B.—l [PT. IV], SUP. TO 1941.

LAND FOR SETTLEMENTS ACCOUNT —continued. HUTT VALLEY LAND SETTLEMENT ACCOUNT. (Subsidiary to Land for Settlements Account.) Profit and Loss Account for the Year ended 31st March, 1941. Dr. £ Cr. £ Administration expenses .. .. ■■ 330 Gross profit on sales of land .. .. .. ..14,806 Interest, &c., written off .. .. .. 78 Interest on sales, &c. .. .. .. .. 4,758 Rebates .. .. •. ■ ■ • • • • 35 Remissions . . • • • ■ • ■ • • 242 Miscellaneous expenditure .. .. .. • • 2 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. .. •• 18,868 £19,564 £19,564 Profit and Loss Appropriation Account for the Year ended 31st March, 1941. Dr. £ Cr. £ , Balance carried forward: Profit earned to 31st March, Balance brought forward .. .. .. ..168,696 1941 .. .. .. .. 188,578 Profit for year transferred .. .. .. .. 18,868 Adjustment on account previous year (interest previously shown as liability) .. .. .. .. 1,014 £188,578 £188,578 Balance-sheet as at 31st March, 1941. Liabilities. Assets. Monevs provided by Land for Settlements Account for— £ £ £ Land on hand .. .. .. .. .. 38,200 PiireWfi of land .. .. 164,982 Railway Department: Balance unpaid on area taken over Street-formation .. .. ..206,888 for workshops .. .. .. .. .. 26,389 Incidental expenses .. .. .. 21,842 Sales debtors (not yet payable) .. .. .. 95,560 393,712 Sundry debtors— £ Interest on capital provided .. .. .. 81,666 Instalment principal .. .. .. 4,169 Instalment interest .. .. .. 3,483 475,378 Rents .. .. .. .. 103 Less deductions under section 11 (2), Finance Act, 7,755 1932 .. .. .. .. .. 475,376 Interest accrued but not due .. .. .. 404 Losses in Suspense .. .. .. .. 78 Due to Land for Settlements Account .. .. 2 Land for Settlements Account : Funds on hand available Sundry creditors : Amounts erroneously credited .. 63 for disposal under section 11, Finance Act, 1932 .. 20,345 Instalments paid in advance .. .. ■ • 8 Rent accrued but not due .. .. . - 2 Writing off in Suspense .. .. .. • ■ 78 Profit and Loss Appropriation Account .. .. 188,578 £188,731 £188,731 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. CHEVIOT ESTATE ACCOUNT. (Subsidiary to Land for Settlements Account.) Revenue Account for the Year ended 31st March, 1941. Dr. £ Cr. £ Interest on loan capital .. .. 5,632 Rents .. .. Interest on accumulated funds held .. .. .. 6,868 Interest on sales : Land and buildings .. .. 995 Administration expenses .. •• •• •• 811 Interest on investment in Public Debt Redemption Fund 171 Rebates .. a .. •• •• •• 1,542 Remissions ot rent and interest .. . • • • 36 Balance (profit for year) carried down .. .. 2,135 £17,024 £17,024 T" "T* Transfer to Reserve Account .. .. •• 2,135 Balanoe brought down .. .. .. .. 2,135 Balance-sheet as at 31st March, 1941. Liabilities. Assets. Capital— £ £ Land £ £ Loans: 3J per cent. .. .. .. 160,918 Leased.. .. .. .. •• "*21,919 Accumulated funds .. .. ..464,310 Unleased .. .. .. .. 320 322,244 625,234 Sales debtors (not yet payable)—• Less cash paid to Land for Settlements Land .. .. .. .. •• 19,548 Account .. -- •• 299,056 Buildings .. .. •• • ■ 184 326,178 19,732 Reserve Account .. .. .. •• 16,302 Sundry debtorsInterest on loans accrued but not due .. .. 1,373 Interest on sales of land .. .. .. .. 10 Rents, &c., accrued but not due .. .. .. 4,952 Rent .. .. .. •• •• •• Rents paid in advance .. .. .. •• 20 Postponed rent .. .. .. •• 70 Interest accrued but not due .. .. .. *01 Investments in Public Debt Redemption Fund .. 4,453 £348,825 £348,825

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

2—B, 1 [PT. IV], SUP. TO 1941,

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