B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year Ended 31st March, 1948 Dr. Cr. Expenses of a general nature— Revenue of a general nature : Interest on funds in— £ Interest on capital— £ Small Farms Account .. .. .. .. .. 230,779 Loans .. .. .. .. .. .. 465,467 Maori Affairs Department Account .. .. .. 3,641 Value of Crown land in estates .. .. .. 8,478 Revenue derived from estatesAccumulated funds of Cheviot Estate .. .. .. 18,593 Rents .. .. .. .. .. .. 367,775 Interest payable under section 208, Land Act, 1924 .. 575 Interest on salesAudit fees .. .. .. .. .. .. 250 Land .. .. .. .. .. .. 19,568 Expenses referring to estates— Buildings .. .. .. .. . . . . 3,045 Capital losses on revaluation, reallotment, &c. .. .. 18,344 Miscellaneous interest, &c. .. .. .. .. 73 Administration expenses .. .. .. .. 8,870 Royalties .. .. .. .. .. .. 769 Rebates .. . . . . . . . . . . 32,669 Land-development revenueRemission of rent, &e. .. .. .. .. 2,150 Rents .. .. .. .. .. .. 3,591 Rents, &c., Avritten off .. .. .. .. 1,023 Interest on sales, &c. .. .. .. .. .. 966 Protection of securities : Repairs, &c. . . . . . . 301 Interest on advances . . .. . . .. . . 7,259 Expenses chargeable to land-development revenue— Interest earned on sundry blocks farmed by the Department .. 1,125 Administration expenses . . . . .. . . 279 Miscellaneous . . .. . . . . 2 Rebates .. ... . .. ... .. 786 Revenue derived under the Deteriorated Land Act, 1925 : Compensation for injuries to workmen .. .. .. 62 Interest on advances .. .. .. .. 11l Miscellaneous . . .. . . . . . . . . 1 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925— Administration expenses . . .. . . . . 2 Rebates .. .. .. .. . . .. 9 Balance: Surplus for year carried down .. 80,845 £638,704 ' £638,704 , £ £ Balance brought forward .. .. .. .. 163,498 Surplus for year ended 31st March, 1948, brought down .. 80,845 Interest on capital moneys received from sale of Crown lands Balance carried forward : Deficiency to 31st March, 1948 .. 163,498 (section 13, Land Laws Amendment Act, 1926) .. .. 80,845 £244,343 £244,343 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 interest accrued to but not payable at, 31st March, 1948.

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