B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION— continued Balance-sheet as at 31st March, 1946 Liabilities Assets £ Capital— £ £ Leased land .. .. .. .. .. .. 85,940 Loan capital .. .. .. .. 1,243,034 Unleased land .. .. .. .. .. 3,960 Consolidated Fund .. .. .. .. 39,000 Blocks under development— Land for Settlements Account .. .. 617,113 Purchase price of areas being developed, including £ War Expenses Account .. .. .. 4,842 value of Education endowment lands set aside 446,688 •——— 1,903, 989 Gross capital expenditure on development .. 1,889, 888 Subsidies— Expenditure on live-stock, and farm working .. 145,270 Employment Promotion Fund .. .. 497,361 Chattels (including store buildings) .. .. 44,577 Consolidated Fund .. .. .. .. 573,762 - 1,071,123 2,526,423 Loan from Social Security Fund .. .. .. ' 3,161 Less value of blocks partly disposed of— Land donated .. .. .. .. .. 368 £ Land set aside for small farms : Education endowment lands 2,998 Unimproved value .. .. 13,009 Creditors— Improvements .. .. .. 73,075 Rent .. .. .. .. .. 20 86,084 Miscellaneous (departmental, &c.) .. .. 9,419 2,440,339 9,439 Loan to Napier Harbour Board-Water-supply Account: Maintenance .. .. .. 1,452 Ahuriri Lagoon .. .. .. .. 36,221 Profits on blocks disposed of (not finalized) .. .. 10,210 Accrued interest .. .. .. .. 8,706 Payments in advance— - 44,927 Rent .. .. .. .. .. 281 Water-supply schemes: Headworks .. .. .. 14,81.9 Principal: Instalment mortgages .. . . 344 Advances to small farm occupiers— Interest— £ Current Account— Instalment mortgages .. .. 451 Improvements .. .. .. 19,496 Sharemilkers' loans . . .. 4 Stock and chattels . . 34, (545 Current Account .. .. .. 17 54,141 472 Instalment mortgages .. .. .. 326,392 Water levies .. .. .. .. 80 380,533 1,177 Advances under sharemilking agreements .. .. 1,471 Accrued interest on capital on blocks being developed .. 329,133 Realization Account: Leased areas in course of realization.. 7,889 Writings off in Suspense .. ~ 14,910 Blocks in course of disposal (not finalized) .. .. 10,271

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