B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st Makch, 1946 Liabilities Assets Capital Account: Liability to Consolidated Fund £ £ .Kaitaia Drainage Area— under National Development Loans Act, 1941, Allocated cost of work on which rates are levied— £ £ section 6 (2) .. .. .. .. 498,018 Rural subdivision .. .. .. .. 60,000 Less— £ Town subdivision .. .. .. .. 8,200 Land for Settlements Account .. .. 530 i 08,200 Loans Redemption Account .. .. 5 Excess cost of works not recoverable .. .. 164,448 535 Interest Account: Amount chargeable to area Reserve: Repayment of capital costs— 497,483 capitalized to 31st March, 1940 .. .. 168,958 Kaitaia Drainage Area— 333,406 Rural subdivision .. .. .. 6,843 Waihi Drainage Area— Town subdivision .. .. .. 935 Allocated cost of work on which rates are levied— 7,778 Pukehina subdivision .. .. 5,000 Waihi Drainage Area— Kaikokopu subdivision .. .. .. 7,500 Pukehina subdivision .. .. 665 Central subdivision .. .. .. .. 46,068 Kaikokopu subdivision .. .. 998 58,568 1,663 Excess cost of works not recoverable .. .. 28,583 Poukawa Drainage Area .. .. .. .. 2,079 Interest Account: Amount chargeable to area 11,520 capitalized to 31st March, 1940 ». .. 48,576 Rate Accounts—• 77,159 Special Rate Accounts : Capital— Poukawa Drainage Area— Kaitaia Drainage Area— Drainage works .. .. .. .. 17,494 Rural subdivision .. .. ..470 Interest Account: Amount chargeable to area .. 1,313 Town subdivision .. .. .. 289 18,807 759 Hilturangi Drainage Area— Waihi Drainage Area— Drainage works .. .. .. .. 260,165 Kaikokopu subdivision .. .. 471 Less amount written off .. .. .. 184,389 Pukehina subdivision .. .. 801 • 1,272 75,776 Poukawa Drainage Area .. .. .. 833 Interest Account: Amount chargeable to area 2,864 capitalized to 31st March, 1940 .. .. 163,068 General Rate Accounts : Maintenance— 238, 844 Kaitaia Drainage Area— Mangawai Drainage Area— Rural subdivision .. .. .. 3,053 Drainage works .. .. .. .. 1,878 Town subdivision .. .. .. 315 Interest Account: Amount chargeable to works to 3,368 31st March, 1939 .. .. .. .. 1,606 Waihi Drainage Area— Pukehina subdivision . . .. 929 j 3,484 Central subdivision .. .. 345 \ Less amount written off .. .. 3,484 Kaikokopu subdivision .. .. 241 i Harihari Drainage Area— 1,515 I Drainage works .. .. ». .. 4,355

106