B.—l [Pi. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year ended 31st March, 1942 /i Capital. Maintenance. Capital. Maintenance 0 . • £ Gr. £ £ Remissions .. .. 559 554 Balance as at 31st March, 1941 .. 770 10,789 Overcharge .. .. .. 27 18 Amount previously remitted now re--1 ransfor to Reserve Fund .. 1,350 .. charged | I Interest on capital cost .. .. 8,605 .. Rates struck for 1941-42 year . . 10,438 5 987 Cost of maintenance .. .. .. 8,034 10 per cent, penalty added to 1940-41 Balance as at 31st March, 1942 .. 1,012 11,052 and 1941-42 rates .. .. 344 203 Subsidy on maintenance-costs .. .. 2,678 £11,553 £19,658 £11,553 £19,658 Revenue Account for the Year ended 31st March, 1942 Losses written off .. .. .. ..' & 1 Accrued rent .. .. no Interest on Public Works Fund : Capital .. .. 19,567 Interest on capital cost recoverable by rates .. 8,605 Balance transferred to Drainage Works Account .. 10,793 £19 j 568 £19,568 Receipts and Payments Account for the Year ended 31st March, 1942 Receipts Payments Consolidated Fund. Consolidated Fund. X £ Rates.. .. .. .. .. .. 26,638 Maintenance of completed works .. .. 7 747 Rents .. .. . . .. .. .183 Refund of rates . . . . .. .. 24 Law-costs .. .. .. .. .. 120 Transfer of net receipts to Treasury Adjustbubsidy on maintenance-costs .. .. .. 1,460 ment Account .. .. 29 048 Sundries .. .. .. .. ..671 Transfer of expenditure to Treasury Adjustment Account .. .. .. .. ~ 7,747 £36,819 £36,819 Treasury Adjustment Account for the Year ended 31st March, 1942 Dr - . . £ Cr. £ Net receipts credited to Consolidated Fund Miscel- Balance as at Ist April, 1941 .. .. .. 299 38J laneous Revenue .. .. .. .. 29,048 Transfer from Hauraki Plains Settlement Account .. 13 1 ransfer to vote Lands and Survey Account " .. 156 Transfer from Swamp Land Drainage Account 448 Transfer to Swamp Land Drainage Account .. 10 Expenditure, vote " Lands and Survey £ Balance as at 31st March, 1942 . . .. .. 297,942 Maintenance completed works . . . . 6,847 Proportion salaries . . . . .. 900 — 7,747 Interest on Public Works Fund : Capital .. .. 19,567 £327,156 | £327,156 Balance-sheet as at 31st March, 1942 Liabilities £ sse t s £ Public Works Fund .. .. .. ..489,169 Drainage worksFree capital from Employment Promotion Fund .. 891 Recoverable: Capita) expenditure (section 11 Reserve Account for repayment of capital cost .. 3,888 Finance Act, 1923, (No. 2)) ' '>05 000 Treasury Adjustment Account .. .. .. 297,942 Not recoverable : Capital expenditure and capitalUnpaid purchase-money for land taken .. ~ 210 ized interest ... 573 254 Sundry creditors: Miscellaneous .. .. 234 Plant, machinery, and tools ' 1'156 Rate Account £ Buildings .. .. . . .. ~ 1 ,'230 Capital .. .. .. .. 1,012 Survey goods .. .. .. 863 Maintenance .. .. .. 11,052 Sundry debtors— 12,064 Rates — £ Writings off in Suspense .. .. .. 1 Capital .. .. .. .. 10,399 Payments in advance: Rates .. .. .. 20 Maintenance .. ~ ~ 8 013 Law-costs .. .. .. .. 193 Kent .. .. . . .. g Miscellaneous .. .. . . 99 Departmental . . . . .. 207 18,917 Cash in transit from post-office .. .. .. 3,107 Expenditure from Employment Promotion Fund .. 891 Losses in Suspense .. . . .. .. I £804,419 £804,419 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate and Revenue Accounts 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.-I |Pt. IV].— Cyril G. Collins, Controller and Auditor-General °

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