B.—l [PT. IV]

LAND FOR SETTLEMENTS ACCOUNT—continued Balance-sheet as at 31st March, 1942—continued Liabilities—continued £ Assets—continued £ Brought forward .. .. .. 10,183,075 Brought forward .. .. 14,535,589 Gen ual —continued Estates —continued Hutt Valley Land Settlement Account Loading on Otago University Endow(see subsidiary accounts attached).. .. 8,819 ment leases— £ Capital .. .. .. .. 1,378 Estates Interest .. .. .. 56 Rents and interest charged in advance .. 95,782 1,434 Payments in advance: Rents and Debtors for— instalments .. .. .. .. 7,474 Rent, instalments, Royalties, &c. .. 92,913 Sundry suspense accounts .. . . .. 533 Postponed charges .. .. 18,450 Sundry creditors: Departmental and Departmental and miscellaneous .. 683 miscellaneous .. .. .. .. 2,901 112,046 Interest accrued but not due .. .. 6,798 Land-development . - nd set aside (section 8, Land Laws Land— Land-development Amendment Act, 1929) — £ Leased .. .. .. .. 116,908 Areas under development— Unleased' .. .. .. 11,085 Crown lands .. .. .. 31,705 127,993 Primary education endowments .. 950 Sales debtors— Settled areas— Buildings .. .. .. 1,058 Crown lands .. .. .. 43,725 Land .. .. .. .. 16,783 Primary education endowment .. 178 17,841 76,558 Water-supply: Headworks . . .. .. 3,054 Rents and interest charged in advance .. 1,339 Mortgage outstandings (not yet payPayments in advance : Rents and instal- able) —• ments .. .. .. .. .. 3,563 Curront account.. .. .. 116,511 Free capital from— Instalment mortgage .. .. 106,424 Employment Promotion Fund . . 23,250 222,935 Consolidated Fund .. .. 22,143 Crown and settlement land under 45,393 development .. .. .. .. 278,098 Accrued interest on capital expenditure .. 82,139 Expenditure on development of Crown Suspense Account .. .. .. .. 154 and settlement lands .. .. .. 388,231 Reserve in respect of deposits held by Sundry debtors for— dairy companies .. .. .. 135 Rent, instalments, water levies, &c. 7,443 Sundry creditors: Departmental and Postponed charges .. .. 298 miscellaneous .. .. .. .. 2,353 Departmental and miscellaneous .. 609 8,350 Land Act, 1924, Section 20 Realization Account .. .. .. 4,243 Principal instalments paid in advance: Deposits held by dairy companies .. .. 658 Sales of Crown land .. .. .. 753 Unrecouped interest on development expenditure .. .. .. .. 82,139 Deteriorated Land Act, 1925 Interest accrued but not due .. .. 1,469 Payments in advance: Interest, &c. .. .. 6 Suspense Account .: .. .. .. 128 Land Act, 1924, Section 20 Principal outstanding on deferredpayment sales —Crown landNot yet payable — Sales of land . . .. .. 644,369 Sales of buildings .. .. 46,717 Principal instalments : Sales of land and buildings .. .. .. 8,275 Postponed principal instalments .. 82 Otamakapua Block : Remaining value of lease .. .. .. 559 Orakei Block : Sales of land— £ Not yet payable .. .. 15,073 Principal instalments .. 155 15,228 Departmental .. .. .. 165 715,395 Deteriorated Land Act, 1925 Mortgage outstandings— Current Account .. .. 1,024 Instalment mortgages .. .. 3,566 4,590 Debtors for — Interest and principal instalments 138 Postponed charges .. .. .. 20 158 Realization Account .. .. .. 62 Interest accrued but not due .. .. 22 £16,511,105 £16,511,105 R. G. Macmoeean, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Revenue 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 B. 1 [Pt. IVj and to the following comment: The Cheviot estate accounts do not include a credit for interest on assets comprising cash and certain securities held by the estate at Ist April, 1930, nor a debit in respect of interest thereon paid to the Consolidated Fund in terms of Section 19 of the Finance Act (No. 2), 1930. These entries have been passed through the Land for Settlements Account (General) only.—Cyeil G. Collins, Controller and Auditor-General.

2 —B. 1 ITT. IVI

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