C—l

Table F. —Return of Profits and Losses on Disposal of Blocks ascertained during the Period from 1st April, 1947, to 31st March, 1948

Note. —(i) Profits and losses are ascertained only after a block has been fully disposed of and the accounts audited. Blocks partially settled are therefore excluded from this return, with the exception of Kohua and Mapara, where one section in each block was set aside for ex-servicemen settlement; the losses on these two sections represent the deficit in value of improvements on disposal to the ex-servicemen. (ii) Subsidies were received from Consolidated Fund Employment Promotion Fund on labour on marginal lands. The profits and losses as disclosed above have been arrived at after taking credit for the subsidies shown in the final column.

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Blocks. District. Profit. loss. Subsidies. £ s. d. £ s. d. £ s. d. Baker's Auckland .. 1,593 8 0 Nil Hangawera ... „ 554 0 9 Nil Seven Oaks „ 1,601 19 8 Nil Taipari's 3 3 6 Nil Te Tawa ,, 1,222 7 10 Nil Aria TeKuiti .. 5,097 0 0 6,371 7 0 Kohua (Part) „ 399 9 4 Nil Mapara (Part) 530 9 5 Nil Patoto 2,221 16 9 5,009 9 8 Kawai Hawke's Bay I 3,881 15 7 Nil Angerstein's Bertie's Taranaki .. 1,286 13 1 Nil • * 2,368 14 5 Nil Faull's 99 2,229 12 7 Nil Manutahi 99 12,162 12 3 Nil Petersen's • • 2,763 1 8 Nil Sorenson's 99 1,805 2 5 Nil Waitoetoe 99 3.047 18 5 Nil Broomfield Canterbury 235 4 4 Nil Field's 6 13 3 Nil Pendarves „ 29 11 0 Nil Wakaepa „ 199 9 9 Nil Brookstead Otago 171 5 7 Nil Menzie's FerrySouthland 3,392 2 9 Nil Totals 171 5 7 46,632 6 9 11,380 16 8