B—l [Pt. IV]

SMALL FARMS SCHEME— continued COMBINED SECTIONS Revenue Account for the Year ended 31st March, 1946 Dr. £ £ Or. £ Interest on capital— Rents receivable .. .. .. .. .. .. 9,492 Loan capital .. .. .. .. .. 178,330 Interest receivable— £ Consolidated Fund .. .. .. 1,560 Current Account mortgage .. .. .. 3,271 179,890 Instalment mortgage .. .. .. .. 11,890 Rent payable .. .. .. .. .. .. 337 Sharemilkers' loans .. .. .. .. 75 Rebates.. .. .. .. .. .. .. 1,579 Miscellaneous .. .. .. .. .. 485 Accident compensation .. .. .. . . .. 959 " 15,701 Miscellaneous expenses .. .. .. .. .. 9 Interest on disposal of land and improvements .. .. 7., 950 Losses on realization of advances to small farm occupiers .. 1,119 Interest accrued on loans to Napier Harbour Board .. .. 1, 613 Losses on disposal of developed blocks .. . . .. 9,149 Interest on development expenditure recouped .. .. 155, 252 Remissions of rent . . . . . . . . .. 15 Rebates on superphosphate .. .. . . .. 120 Losses on disposal of properties to discharged servicemen— Surplus on redisposal of properties . . .. .. .. 88 Ascertained loss to date .. .. .. 1,746 Balance: Loss for year carried down .. .. .. 2,841 Less recoverable from War Expenses Account .. 1,746 £193,057 £193,057 Balance— £ Loss brought forward from 31st March, 1945 .. .. 366,286 £ Loss for year brought down .. .. .. .. 2,841 Balance: Loss to 31st March, 1946, carried down .. .. 369,127 £369,127 £369,127 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.

98