B—l [Pt. IV]

SMALL FARMS SCHEME— continued DISCHARGED SERVICEMEN'S SECTION— continued Balance-sheet as at 31st March, 1946 Liabilities Assets Loan capital— £ £ £ National Development Account .. .. 898,045 Leased land .. .. .. .. .. 201,935 Land for Settlements Account .. .. .. 3,053,576 Blocks under development— 3,951,621 Purchase price of areas being developed, including £ Subsidies (Mihi Block)— value of Education endowment land set aside .. 2,279,193 Employment Promotion Fund .. .. .. 6,979 Gross capital expenditure on development .. 626,095 Consolidated Fund .. .. .. .. 12,606 Expenditure on live-stock, and farm working .. 463,573 19,585 Chattels .. .. .. .. .. 110,053 Land set aside for small farms: Education Endowment Land.. 12,750 Creditors: Miscellaneous (departmental, &c.) .. .. 11,667 3,478,914 Water-supply Account: Maintenance .. .. .. 57 Less value of blocks partly disposed of— £ Profits on blocks disposed of (not finalized) . . .. 40 Unimproved value .. .. 33,014 Payments in advance : Rent . . . . .. .. 27 Improvements . . . . .. 68,150 Accrued interest on capital on blocks being developed .. 120,571 101,164 Writings off in Suspense Account . . . . .. .. 3,298 3,377,750 Treasury Adjustment Account .. .. . . .. 168,181 Compensation for land taken (recoverable on selection) .. 181,960 Water-supply schemes: Headworks .. .. .. 4,921 Advances to mortgagors— Current Account— £ Improvements .. .. . . 44 Stock and chattels .. .. .. 1,512 i, 556 Instalment mortgage . . .. .. .. 5,339 6,895 j Dairy companies' shares . . . . .. .. .. 753 | Blocks in course of disposal (not finalized) .. .. .. 249,413

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