B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION Bevenue Account for the Year ended 31st March, 1946 Dr. Or. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. .. 5,317 Loan capital .. .. .. .. .. 71,291 Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 Current Account mortgages .. .. .. 3,154 72,851 Instalment mortgage .. .. .. .. 11,523 Rent payable .. .. .. .. . . .. 337 Sharemilkers' loans .. .. .. .. 75 Rebates .. .. .. .. .. .. .. 1,579 Miscellaneous .. .. .. .. .. 269 Accident compensation .. .. .. .. .. 695 15,021 Miscellaneous expenses .. .. .. .. .. 9 Interest on disposal of land and improvements .. .. 153 Losses on realization of advances to small farms occupiers .. 1,119 Interest accrued on loan to Napier Harbour Board .. .. 1,613 Remissions of rent .. .. .. .. .. 15 Interest on development expenditure recouped .. .. 130,065 Losses on disposal of developed blocks .. .. .. 9,149 Rebates on superphosphate .. .. .. .. 117 Balance : Profit for year carried down .. .. .. 66,620 Surplus on redisposal of properties .. .. .. .. 88 £152,374 £152,374 £ £ Profit for year brought down .. .. .. .. 66,620 Balance: Loss brought forward from 31st March, 1945 .. 301,998 Balance: Loss to 31st March, 1946, carried forward .. .. 235,378 £301,998 £301,998 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or rent or interest accrued to but not payable at, 31st March, 1946,

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