DEPARTMENT OF LANDS AND SURVEY. DISCHARGED SOLDIERS SETTLEMENT. REPORT FOR THE YEAR ENDED 31st MARCH, 1934.

Appendix to the Journals of the House of Representatives, 1934 Session I, C-09

C-β.

1934. NEW ZEALAND.

DEPARTMENT OF LANDS AND SURVEY. DISCHARGED SOLDIERS SETTLEMENT. REPORT FOR THE YEAR ENDED 31st MARCH, 1934.

Presented to both Houses of the General Assembly pursuant to Section 14 of the Discharged. Soldiers Settlement Act, 1915.

CONTENTS.

General Report— page General Review .. .. .. .. .. • • .. 2 Lands proclaimed .. .. .. .. .. • ■ .. 2 Applications received and Lands allotted .. .. .. .. 2 Dominion Revaluation Board (Report of) .. .. .. .. 3 Appendix : —■ Reports of Commissioners of Crown Lands .. .. .. 4 TablesTable I.—-Total Lands acquired by Discharged Soldiers .. .. 7 Table 2.—Statement of Mortgage Transactions .. .. .. 8 Discharged Soldiers Settlement Accounts— Transactions for Year .. .. .. .. • • .. 10 Balance-sheet .. .. • ■ ■ • • ■ ■ • .. 12

giR j —. Department of Lands and Survey, Wellington, Ist August, 1934. In accordance with the provisions of the Discharged Soldiers Settlement Act, 1915, I have the honour to submit herewith the report of the operations under the Act for the year ended 31st March, 1934. I have, &c, W. ROBERTSON, The Hon. E. A. Ransom, Minister of Lands. - Under-Secretary.

I—C. 9.

C— 9.

GENERAL REVIEW. Discharged Soldiers Settlement Account. Loans authorized during the year number 273, involving a total amount of £38,811, as follows : —

Cash receipts for the year have risen by £200,971. The comparative figures of cash receipts on capital and revenue accounts for the last five years are : — 1929-30. 1930-31. 1931-32. 1932-33. 1933-34. £ £ £ £ £ Capital .. 1,054,123 749,090 668,396 625,316 788,757 Revenue .. 727,703 604,988 527,436 488,048 525,578 1,781,826 1,354,078 1,195,832 1,113,364 1,314,335 LANDS PROCLAIMED. The lands set apart for selection by discharged soldiers during the year totalled 2,869 acres, making a grand total of 1,448,668 acres proclaimed since the inception of the scheme. This large area is made up as follows : — Class of Land. A rea " Acres. Ordinary Crown lands .. .. .. .. .. 609,931 Land-for-settlements land .. .. .. . . 401,849 National-endowment land .. . . .. . . 433,532 Cheviot Estate land .. .. .. .. .. 3,356 1,448,668 Proclamations have been issued revoking the setting-apart of 237,083 acres of Crown and nationalendowment land and 103,292 acres of land-for-settlements land. APPLICATIONS FOR LAND. Applications for land under the Discharged Soldiers Settlement Act, 1915, to the number of ten were received during the year. The following table gives the number of applications and the area allotted for each year from the inception of the soldier-settlement scheme : —

2

New Loans. Additional Loans. Number. Amount. Number. Amount. £ £ Advances on current account .. .. .. 7 2,330 185 26,233 Advances on farms, &c. .. .. .. .. 2 1,220 7 2,152 Advances on dwellings .. .. .. .. 2 1,200 70 5,676 11 4,750 262 34,061

... .. Allotments made. Year ending Applications receive . Number. Area (Acres). 31st March, 1916 .. .. .. .. 272 2 629 1917 .. .. .. .. 522 319 143,524 1918 .. .. .. .. 513 313 103,362 1919 .. .. .. .. 1,379 348 117,018 1920 .. .. .. .. 5,041 932 403,891 1921 .. 5,396 1,087 414,867 1922 .. .. .. .. 878 403 97,972 1923 .. .. .. .. 284 146 25,113 1924 .. .. .. .. 216 79 16,910 1925 .. .. .. .. 123 47 9,014 1926 .. .. .. .. 109 86 20,500 1927 .. .. .. .. 78 66 17,412 1928 .. .. .. .. 96 60 15,695 1929 .. .. .. .. 90 77 13,275 1930 .. .. .. .. 63 53 16,665 1931 .. .. .. .. 41 31 8,495 1932 .. .. .. .. 22 16 4,215 ,, 1933 .. .. .. .. 12 6 4,133 1934 .. .. .. .. 10 8 1,536 Totals for nineteen years .. .. 15,145 4,079 1,434,226

C— 9.

DOMINION REVALUATION BOARD. Summary of Operations as at 31st March, 1934. Total capital invested (comprising capital values of Crown leaseholds and advances under £ section 2of the Discharged Soldiers Settlement Amendment Act, 1917) .. .. 17,244,237 Capital value dealt with by the Dominion Revaluation Board .. .. .. 12,528,835 Reduction in capital by the Dominion Revaluation Board — £ Reduction in capital value of leaseholds .. .. .. 2,019,625 Reduction in Crown mortgages (under section 2) .. .. 873,301 2,892,926 Remission of Instalment Interest and Rent. Granted by Dominion Revaluation Board in respect of arrears as at 30th June, 1923 . . 195,136 Granted by Land Boards on recommendation of the Dominion Revaluation Board with respect to payments accruing subsequent to 30th June, 1923 .. .. .. 277,100 Total remissions .. .. .. .. . . .. £472,236 Mortgages, instalments, rents, &c, automatically written off due to reduction being £ retrospective to Ist July, 1921, or date of the title, &c. .. .. .. 440,262 Postponements of Arrears as at 30th June, 1923, granted by the Dominion Revaluation Board. £ Rent, principal, and instalment interest for periods up to ten years .. .. .. 316,475 Instalments to end of mortgage term .. .. .. .. .. .. 127,411 £443,886 Postponements of payments accruing subsequent to the 30th June, 1923, granted by £ Land Boards on the recommendation of the Dominion Revaluation Board .. 149,138 Investigation of Current Accounts under the Discharged Soldiers Settlement Amendment Act, 1924. Total capital invested .. .. .. .. .. .. .. .. 3,222,649 Reduction of capital .. ... .. .. .. .. .. .. 201,969 Transferred to Suspense Account .. .. .". .. .'. .. 23,957 Adjustments in Buildings under Land for Settlements Act. £ Original value .. .. .. .. .. .. .. .. 131,561 Amount of reduction .. .. .. .. .. .. .. .. 19,579

3

C—9.

APPENDIX.

EXTRACTS FROM REPORTS OF COMMISSIONERS OF CROWN LANDS. NORTH AUCKLAND. (W. D. Armit, Commissioner of Crown Lands.) The past season has been one of serious difficulty for the bulk of soldier settlers in this district owing to the reliance placed on dairy-farming by the great majority. The Department is brought into the closest contact with, the financial difficulties, and it has been essential to carefully consider the welfare of the settlers and their families, together with the efficient maintenance of the farms. The general policy has been to allow reasonable living expenses as a first charge, sufficient top-dressing to maintain production, and working-expenses before allocating revenue to land charges. This has necessarily resulted in a budgetary form of finance requiring investigation as to farm production in very many cases. The necessity for exploiting side-lines such as maize-growing and pig husbandry is generally realized, and Crown mortgagors are encouraged to exploit these possibilities. The grazier soldier settler has experienced an uplift, and can look to the future with more confidence. Wool, fat lamb, and sheep prices have shown a marked improvement, enabling annual charges to be met for the first time in several years. The position in respect of the soldier dwelling mortgagor has not improved. Reduced earnings and loss of employment continues to force many of our mortgagors to abandon their houses. Re-sales are rarely effected, but little difficulty is experienced in securing tenants. The Department has carried out extensive repairs and renovations to abandoned houses over the past twelve months. In addition assistance has been given where required to numerous mortgagors to paint and repair exteriors with a view to the preservation of Crown security. AUCKLAND. (K. M. Geaham, Commissioner of Crown Lands.) As far as dairy-farmers are concerned the season was a most unfortunate one. Buttcrfat prices showed a still further drop, and it would appear that the payout for the season will not amount to more than about Bd. Production again showed a marked increase, but, despite that, the falling-ofi in farm revenues was serious. Assistance by way of reduction of the percentage of cream cheque orders was given as far as possible. As far as sheep-farmers are concerned the position has been much better. The marked increase in wool prices and the corresponding increase in values for sheep has helped the sheep-farmers very materially, and, providing prices remain anything like normal, they should have no difficulty in carrying on. Owners of house properties have also been in difficulties, and relief by way of capitalization and extension of term has been given in a number of cases. Generally speaking, house properties have been well maintained. GISBOBNE. (H. L. Peimrose, Commissioner of Crown Lands.) The soldier settlers are now to all intents and purposes part of the Department's great family of settlers, and so the greater part of my remarks in my main report concerning the conditions in this district during the past year apply equally to them. They are principally engaged in the two great branches of farming —that is, in sheepfarming and in dairying. The position of the pastoralists has improved very considerably, and their financial outlook is fairly bright, but not so their less fortunate comrades who depend for their material prosperity on the price of butterfat. In their case arrears have increased rapidly and the outlook is not very hopeful. As far as the housing position is concerned, there is no improvement, and there are more men now dependent on relief works for a living, so that arrears are bad with little hope of improvement. A few foreclosures are recorded for the year, but only in very bad cases where the position was hopeless, or where the properties were abandoned. All the securities seem to be fairly well maintained.

4

C.-9.

HAWKE'S BAY. (J. F. Quinn, Commissioner of Crown Lands.) The position of the soldier settlers engaged in sheep-farming has been considerably improved, and the majority of them have been able to meet current rent and interest and reduce arrears. On the other hand, those engaged in dairying have had a difficult year owing to low prices. Many of the mortgagors of house properties have been unemployed and have been unable to meet the instalments of principal and interest in full, and it has been necessary in many cases to grant relief by suspending the payments of principal. Hunter Soldiers' Assistance Trust Board. —The Board held four meetings during the year, and loans totalling £1,890 were granted to soldier settlers for improvements to their farms. Grants to the amount of £180 were approved in the c.;se of nineteen orphan children of deceased soldiers. TARANAKI. (F. H. Waters, Commissioner of Crown Lands.) Like the ordinary lessee, the soldier dairy-farmer has been faced with a very disappointing season, the price of butterfat dropping until a new low level of 645. was recorded. Production generally has increased and there has been an abundance of feed. Partial drought conditions in December, unusual in this district, did not affect the supply of milk to any extent. The Department has found it necessary in large numbers of cases to assist farmers in the purchase of manures and, although milk orders are largely held, it is realized that in a high percentage of cases the returns will be insufficient to meet charges. It should be noted that the provident farmer goes in for pigs as a side-line to improve his income, but it is disappointing to record that more use is not made of this usually productive mode of supplementing the returns. With the welcome rise in the price of wool and stock, the sheep-farmer is now in a much better position, and in the majority of cases will be able to pay his way. Five properties are being successfully farmed by managers under direct control of the Department, and it is proposed to put these on the market when conditions improve. It is satisfactory to note that under departmental control these farms are all showing a profit. Difficulty is still being experienced in collecting instalments from a number of house-property mortgagors, and the Department has had to extend a considerable amount of leniency. Charges have been reduced by granting fresh mortgages for the balances outstanding, and in other cases suspensions of principal for various periods have been allowed. WELLINGTON. (H. W. C. Mackintosh, Commissioner of Crown Lands.) The majority of soldier settlers in the Wellington District follow dairying for a livelihood, and they have had a fairly poor season as far as returns from sale of produce are concerned. Climatic conditions were, for the most part, good, and in most localities excellent crops of hay were saved. Dairy stock came through the winter to the spring in good condition. The opening payouts were satisfactory, and the season gave promise of being a successful one, but prices for butterfat slumped badly. The few soldier settlers who follow sheep and cattle raising have had a fairly good year on account of the sharp rise in the prices of wool and fat stock. The outlook at the beginning of the year was gloomy for the pastoralist, as he had not been able to build any reserves from the previous year's working, but when the wool-sales opened the prospect was much brighter and wool was quitted at satisfactory prices. Soldier settlers are not confined to any particular locality, but are to be found right throughout the length and breadth of the district, so that the remarks made in the general report on land-settlement will apply to those men who have been settled under the provisions of the Discharged Soldiers Settlement Acts. NELSON. (A. F. Watebs, Commissioner of Crown Lands.) The slump in staple products has made things very difficult for many of the soldier settlers. Fortunately, there are a number engaged in fruit, tobacco, or hop growing who are unaffected by the slump in dairy-produce. Generally speaking, most of the soldier settlers who could be described as permanent failures have now left their holdings, and the remaining settlers are of a type that will make good with a little assistance to help them over the present depression. MARLBOROUGH. (P. R. Wilkinson, Commissioner of Crown Lands.) The general report and report on land for settlements apply with equal force to the areas held by discharged soldiers. The greater percentage of discharged soldiers are on dairy-farms, and consequently have had a very trying year; but the majority are meeting the present conditions in a very commendable spirit.

5

C—9.

WERTLAND. (T. Cagney, Commissioner of Crown Lands.) Soldier settlers throughout the district are generally working their respective farms on a sound and practical basis and, in all but a few cases, their inability to meet their charges must be attributed to the present low prices for butterfat, on which class of production the large majority depends. Those few engaged in mixed farming have completed the year's operations with a profit after meeting departmental charges. . CANTERBURY. (W. Stewart, Commissioner of Crown Lands.) The prevailing conditions have affected our soldier settlers equally with other tenants, and the Land Board is granting similar relief. In common with other pastoralists, our soldiers, due to improved prices for sheep-products, have had a good year, and in many cases have been able to reduce arrears and otherwise consolidate their positions. Unfortunately, our soldiers on dairying propositions have faced not only the bad conditions from pasture growths, but also the severe drop in prices which is causing Dominion-wide anxiety at the moment. The soldiers on mixed farms have not enjoyed a particularly attractive year. OTAGO. (N. C. Kensington, Commissioner of Crown Lands.) There is little to add to previous reports over the past four years, except that, to those who are fortunate in having flocks, the rise in wool and lambs has made a wonderful difference and given these settlers a much more optimistic outlook. To the less fortunate settlers, who have depended on dairying, the prospects are not bright, but the position is being looked into with the object of arranging more mixed farming methods, by reducing, if possible, the dairy herd and running a certain number of sheep. Difficulties, however, arise owing to the fact that the dairy-farmer is often on low-lying land which is too wet for sheep. Generally, these settlers are carrying on well and have passed through the difficult times with credit. SOUTHLAND. (B. C. McCabe, Commissioner of Crown Lands.) Soldier settlers relying chiefly on dairying have experienced another trying year, and difficulty has been experienced in maintaining dairying propositions in good order. On the other hand, returns from sheep have been most encouraging, and definite progress has been made in most sheep accounts. Concessions have been granted in numerous cases to assist settlers over their difficulties, and it is evident that further concessions will be required so far as dairy-farmers are concerned.

6

C—9.

TABLE 1. Total Lands acquired from the Crown by Discharged Soldiers and held at the 31st March, 1934.

7

Sale (including Deferred Payment). Lease and License. Grand Totals. Number of Land District. Disced- KuI „ ber Almual ~ Kumber Purchasers Ho , dinga> ■ • HoIdings _ • Bental. chafed Holdings> Licensees. Under the Discharged Soldiers Settlement Act, 1915, and Amendments. Acres. £ Acres. £ Acres. North Auckland .. 14 13 2,417 3,185 287 285 52,250 9,417 301 298 54,667 Auckland .. 45 45 1,330 15,690 539 532 87,833 25,260 584 577 89,163 Gisborne .. .. 3 3 193 4,725 111 110 54,073 13,215 114 113 54,266 Hawke'sBay .. .. .. .. .. 214 228 84,509 28,571 214 228 84,509 Taranaki .. .. 1 1 2 310 94 93 23,465 6,168 95 94 23,467 Wellington .. 16 16 417 5,873 723 700 166,964 75,069 739 716 167,381 Nelson .. .. 3 3 1,216 1,292 21 21 13,119 1,515 24 24 14,335 Marlborough .. .. .. .. .. 49 50 15,846 3,789 49 50 15,846 Westland .. .. 1 1 148 150 17 17 19,645 193 18 18 19,793 Canterbury .. 26 26 319 8,953 366 357 217,258 39,056 392 383 217,577 Otago .. .. 4 4 1,935 5,470 96 92 178,877 11,222 100 96 180,312 Southland .. 7 7 1,143 6,255 74 83 11,882 3,934 81 90 13,025 Totals .. 120 119 9,120 51,903 2,591 2,568 925,221 217,409 2,711 2,687 934,341 XJnder other Acts. (This includes lands selected at ordinary ballots, leases and licenses purchased at auction, and holdings acquired by transfer or otherwise.) North Auckland .. 11 11 1,168 1,304 107 104 24,103 3,506 118 115 25,271 Auckland .. 49 47 22,754 20,503 339 310 145,646 7,261 388 357 168,400 Gisborne .. .. .. .. .. .. 47 45 41,569 4,460 47 45 41,569 Hawke'sBay .. .. .. .. .. 73 82 33,188 7,463 73 82 33,188 Taranaki .. .. 5 4 1,243 7,108 148 146 64,889 4,168 153 150 66,132 Wellington .. 3 3 221 1,081 162 157 57,187 34,680 165 160 57,408 Nelson .. .. 3 3 1,099 586 95 87 49,081 1,072 98 90 50,180 Marlborough .. .. .. .. .. 112 99 235,603 6,112 112 99 235,603 Westland .. .. 1 1 200 168 65 61 16,434 347 66 62 16,634 Canterbury .. 3 3 56 386 211 217 151,183 21,661 214 220 151,239 Otago .. .. 3 3 76 457 208 204 863,760 21,144 211 207 863,836 Southland .. 1 1 127 40 74 89 80,581 2,974 75 90 80,708 Totals .. 79 76 26,944 31,633 1,641 1,601 1,763,224 114,848 1,720 1,677 1,790,168 Grand totals .. 199 195 36,064 83,536 4,232 4,169 2,688,445 332,257 4,431 4,364 2,724,509 '

C—9.

TABLE 2. Statement of Mortgage Transactions, Financial Year ended 31st March, 1934.

8

: ( Principal. Interest. District Balance at I . | Balance on Mortgage Balance at I Losses, Rebates, ] Balance at 31st March, 1933. I Advances Repayments ° j at 31st March, 1934, 31st March, 1933, Charges j Receipts Remissions, 131st March, 1934, including daring Year. daring Year. including Post- including Post- during Year. during Year. and Transfers to including Postponements. -accounts. ponements. ponements. J other Accounts. J Postponements, North Auckland — £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Current account .. 354,763 9 5 21,218 10 2 36,946 19 10 8,568 18 5 330,466 1 4 18,789 14 7 17,897 8 1 13,888 18 9 1,458 8 9 21,339 15 2 Farms orchards &c .. .. 1,203,258 2 8 755 0 0 12,300 8 10 12,963 3 10 1,178,749 10 0 57,181 9 5 59,502 16 9 42,477 5 11 6,932« 2 4 67,274 17 11 Dwellings, business premises, &c. .. 1,452,563 6 3 1,312 19 9 48,035 5 0 56,498 11 10 1,349,342 9 2 15,935 1 4 69,581 10 0 60,623 4 5 8,351 1 5 16,542 5 6 Totals.. .. .. 3,010,584 18 4 23,286 9 11 97,282 13 8 78,030 14 1 2,858,558 0 6 91,906 5 4 146,98114 10 116,989 9 1 16,74112 6 105,156 18 7 Auckland — Current account .. .. 386,857 1 5 47,467 6 2 59,693 8 5 5,541 18 7 369,089 0 7 16,415 19 0 20,601 9 1 17,515 16 10 810 4 10 18,691 6 5 Farms, orchards, &c 1,007,834 11 11 1,164 11 11 18,573 1 10 9,231 11 7 981,194 10 5 39,761 18 8 50,228 16 9 43,129 5 9 5,592 6 5 41,269 3 3 Dwellings, business premises, &c. .. 330,000 11 2 140 0 0 11.695 11 8 1,438 14 10 317,006 4 8 4,368 16 6 16,337 18 10 14,553 10 11 1,471 3 3 4,682 1 2 Totals.. .. .. 1,724,692 4 6 48,77118 1 89,962 111 16,212 5 0 1,667,289 15 8 60,546 14 2 87,168 4 8 75,198 13 6 7,873 14 6 64,642 10 10 Gl Current account .. 43,054 13 5 8,287 13 0 12,585 0 8 196 10 5 38,560 15 4 3,063 18 6 2,144 17 6 1,989 13 3 Dr. 138 5 11 3,357 8 8 Farms, orchards, &c 154,816 2 7 .. 2,072 10 8 Dr. 590 13 11 153,334 5 10 8,242 17 4 7,964 19 5 5,598 13 1 1,961 19 11 8,647 3 9 Dwellings, business premises, &c. .. 124,805 13 10 .. 4,239 18 0 1,033 13 8 119,532 2 2 1,796 10 6 6,149 10 2 5,024 1 1 408 2 9 2,513 16 10 Totals.. .. .. 322,676 9 10 8,287 13 0 18,897 9 4 639 10 2 311,427 3 4 13,103 6 4 16,259 7 1 12,612 7 5 2,231 16 9 14,518 9 3 Hawke's Bay — Current account .. . . 161,998 5 6 39,751 10 10 49,943 13 5 6,538 2 4 145,268 0 7 13,398 4 10 7,985 16 8 7,288 5 9 1*1,276 15 0 15,372 10 9 Farms, orchards, &c. .. .. 327,095 8 6 .. 3,128 13 11 2,321 16 10 321,644 17 9 17,948 7 3 16,219 1 1 10,322 10 3 1,223 15 3 22,621 2 10 Dwellings, business premises, &c. .. 295,849 13 5 46S 19 8 12,722 13 9 2,735 12 11 280,855 6 5 4,134 3 6 14,458 3 2 12,515 9 1 1,372 14 5 4,704 3 2 Totals.. .. .. 784,943 7 5 40,215 10 6 65,795 1 1 11,595 12 1 747,768 4 9 35,480 15 7 38,663 0 11 30,126 5 1 1,319 14 8 42,697 16 9 .. .. 129,554 17 10 45,165 10 3 63,644 17 1 3,610 13 2 107,464 17 10 5,339 4 6 6,990 13 3 7,150 8 5 907 0 6 4,272 8 10 Farms, orchards, &c. .. .. 671,934 7 2 794 17 11 9,483 11 3 8,608 3 0 654,637 10 10 31,313 19 2 34,921 1 3 22,339 1 7 13,617 1 2 30,278 17 8 Dwellings, business premises, &c. .. 255,909 16 9 77 16 7 11,838 5 6 2,112 1 11 242,037 5 11 1,662 6 4 14,083 18 9 11,543 0 4 2,568 10 9 1,634 14 0 Totals.. .. .. 1,057,399 1 9 46,038 4 9 84,966 13 10 14,330 18 1 1,004,139 14 7 38,315 10 0 55,995 13 3 41,032 10 4 17,092 12 5 36,186 0 6 Wellington — Current account .. .. 335,435 7 3 59,514 12 6 82,863 19 7 6,199 5 1 305,88b 15 .1 16,851 3 2 l/,3/2 5 3 15,518 0 10 1,165 10 5 l/,539 17 2 Farms, orchards, &c. .. .. 826,720 13 0 42 18 0 8,424 5 6 7,605 14 3 810,733 11 3 30,467 6 10 40,536 5 10 26,407 9 3 5,438 2 8 39,158 0 9 Dwellings, business premises, &c. .. 1,100,367 10 9 1,487 3 7 46,301 19 0 8,427 7 2 1,047,125 8 2 7,704 19 11 54,733 7 10 48,475 13 10 5,462 5 0 8,500 8 11 Totals.. .. .. 2,262,523 11 0 61,044 14 1 137,590 4 1 22,232 6 6 2,163,745 14 6 55,023 9 11 112,64118 11 90,401 3 11 12,065 18 1 65,198 6 10

2—C. 9

C.—9

9

Marlborough — I j Current account .. .. 27,187 15 1 5,556 19 7 8,002 11 5 J 6,086 11 6 18,655 11 9 2,667 3 1 1,370 2 4 710 6 2 206 2 7 3,120 16 8 Farms, orchards, &c. .. .. 197,281 7 8 1,150 0 0 2,439 10 9 I 4,832 0 3 191,159 16 3 10,923 7 1 9,490 18 11 4,555 7 9 3,458 9 8 8 7 Dwellings, business premises, &c. .. 70,072 4 2 50 0 0 3,124 1 11 ! 2,331 17 10 64,666 4 5 527 3 5 3,367 9 4 2,803 14 2 424 9 6 "'666 9 1 Totals.. .. .. 294,541 6 6 6,756 19 7 13,566 4 1 j 13,250 9 7 274,481 12 5 14,117 13 7 14,228 10 7 8,069 8 1 4,089 1 9 16,187 14 4 Nelson — Current account .. .. 56,019 14 5 5,849 17 8 9,329 11 7 Dr. 4,134 11 1 56,674 11 7 3,601 14 3 2,882 9 9 1,925 3 3 178 17 2 4,380 3 7 Farms, orchards, &c. .. .. 277,594 4 11 .. 3,690 15 0 j 3,765 5 5 270,138 4 6 11,949 2 8 13,869 4 5 8,754 2 11 1,727 18 0 lō'336 6 2 Dwellings, business premises, &c. .. 45,020 11 7 .. 2,903 1 8 ! Dr. 288 14 11 42,406 4 10 336 12 7 2,227 9 5 1 801 11 9 382 2 10 '380 7 5 1 Totals.. .. .. 378,634 10 11 5,849 17 8 15,923 8 3 \ Dr 658 0 7 369,219 0 11 15,887 9 6 18,979 3 7 12,480 17 11 2,288 18 0 20,096 17 2 Westland — Current account .. .. 19,385 15 11 2,265 19 0 2,854 4 9 j 984 14 8 17,812 15 6 1,424 1 3 955 4 10 | 437 13 7 156 13 8 1,784 18 10 Farms, orchards, &c. .. .. 72,177 19 5 .. 589 3 9 j Dr. 364 14 11 71,953 10 7 4,827 2 11 3,627 9 7 I 1,336 10 4 243 4 4 6'874 17 10 Dwellings, business premises, Ac. .. 16,514 5 ® .. 699 6 11 : Dr. 28 7 10 15,843 6 5 217 4 1 799 12 2 j 661 13 2 44 7 11 310 15 2 Totals.. .. .. 108,078 0 10 2,265 19 0 4,142 15 5 | 591 11 11 105,609 12 6 6,468 8 3 5,382 6 7 2,435 17 1 444 5 11 8,970 11 10 Canterbury — Current account .. .. 145,626 6 8 70,938 4 4 76,806 17 10 ! 11,358 13 7 128,398 19 7 13,766 1 0 7,005 16 7 3,007 17 2 2,119 19 6 15 644 0 11 Farms, orchards, &c. .. .. 853,287 9 0 2,173 0 0 8,445 4 4 j 5,321 11 10 841,693 12 10 53,965 0 1 43,033 6 4 21,633 3 1 15 1 57*324 8 3 Dwellings, business premises, &c. .. 812,696 18 5 245 1 7 34,651 19 1 j 10,689 18 7 767,600 2 4 9,282 17 3 40,324 4 10 34,711 2 3 4 4 15 6 Totals.. .. .. 1,811,610 14 1 73,356 5 11 119,904 1 3 27,370 4 0 1.737,692 14 9 77,013 18 4 90,363 7 9 59,352 2 6 24,647 18 11 83,377 4 8 Otago- — Current account .. .. 54,973 18 3 18,696 5 7 23,953 12 11 1,044 2 3 48,672 8 8 5,663 18 8 2,768 7 3 1,924 13 9 358 0 1 6 149 12 1 Farms, orchards, &c. .. .. 299,441 18 0 262 17 10 6,077 0 4 Dr. 2,125 4 4 295,752 19 10 21,462 1 1 14,762 15 11 8,397 7 3 2,990 14 8 24 836 15 1 Dwellings, business premises, Ac. .. 273,884 4 1 284 18 1 15,635 10 3 872 4 4 257,661 7 7 1,216 4 2 13,394 2 3 12,228 13 8 5 0 7 9 Totals.. .. .. 628,300 0 4 19,244 1 6 45,666 3 6 Dr. 208 17 9 602,086 16 1 28,342 3 11 30,925 5 5 22,550 14 8 4,420 19 9 32,295 14 11 Southland — Current account .. .. 91,534 18 10 22,663 3 7 28,629 8 0 1,433 13 5 84,135 1 0 8,185 1 11 4,767 11 5 2,599 4 3 582 4 7 ! 9,771 4 6 Farms, orchards, &c. .. .. 359,159 4 7 .. 7,746 11 6 Dr. 2,110 14 9 353,523 7 10 26,330 19 0 17,523 15 11 8,626 15 1 6,909 0 7 I 28'318 19 3 Dwellings, business premises, &c. .. 103,914 5 1 829 19 9 5,689 8 8 580 1 7 98,474 14 7 1,071 3 7 5,077 19 6 4,381 3 6 'ō32 6 1 I 1235 13 6 I ' Totals.. .. .. 554,608 8 6 23,493 3 4 42,065 8 2 Dr. 96 19 9 536,133 3 5 35,587 4 6 27,369 6 10 15,607 2 10 8,023 11 3 ~39,325 17 S Name of Account. SUMMARY. Current account .. .. .. 1,806,392 4 0 347,375 12 8 455,254 5 6 47,428 12 4 1,651,084 18 10 109,166 4 9 92,742 2 0 73,956 2 0 6,528 1 2 1121,424 3 7 Farms, orchards, &c. .. .. 6,250,601 9 0 6,343 5 8 82,970 17 8 49,457 19 1 6,124,515 17 11 314,373 11 6 311,680 12 2 203,577 12 3 10 1 354 341 1 4 Dwellings, business premises, &c. .. 4,881,599 1 0 4,891 19 0 197,537 1 5 86,403 1 11 4,602,550 16 8 48,253 3 2 240,535 6 3 209,322 18 2 26'ō76 13 3 18 0 Grand totals .. .. 12,938,592 14 0 358,610 17 4 735,762 4 7 183,289 13 4 12,378,151 13 5 471,792 19 5 644,958 0 5 486,856 12 5 101,240 4 6 528,654 2 11

G.—9

DISCHAEGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account fob the Yeae ended 31st March, 1934. Receipts. Payments. To Balance as at Ist April, 1933 — £ s. d. £ s. d. By Annual Appropriations— £ s. d. £ s. d. Cash .. .. .. 106,908 2 4 ' Vote Expenses of ManageImprests outstanding .. 5,373 711 mention vestment Account .. 148,087 10 7 Administration .. .. 37,000 0 0 260,369 0 10 Repairs to property .. 39 0 0 Credits in reduction of ex- , , 37,039 0 0 penditure under section 9, Expenditure under section 9 Discharged Soldiers of the Discharged Soldiers Settlement, Act, 1915— Settlement Act, 1915— Transfer and production Miscellaneous expenditure fees .. .. .. 255 17 0 on properties acquired Valuation fees .. .. 14 13 6 by the Crown .. 5,598 7 7 Miscellaneous recoveries on Printing and stationery .. 139 8 (I account of properties ac- Travelling-expenses of Inquired by the Crown .. 421 8 6 spectors of Securities .. 512 4 5 Sundries .. .. 139 17 2 Valuation expenses and fees 7 7 0 831 16 2 Audit fees .. 700 0 0 Repayments in respect of ad- Payments on account of vances under sections 6 McGregor Block .. 476 19 0 and 9, Discharged Sol- , 7,434 6 0 diers Settlement Act, Advances under sections 6 1915, &c— and 9, Discharged Current Account .. 455,254 5 6 Soldiers Settlement Act, Farms, orchards, &c. .. 82,970 17 8 1915— Dwellings, business pre- Current account ... 347,375 12 8 mises, &c. .. .. 197,537 1 5 Farms, orchards, &c. .. 6,343 5 8 Buildings Account .. 620 14 4 Dwellings, -business preSale of live and dead stock 3,980 6 0 mises, &c. .. .. 4,891 19 0 Miscellaneous advances .. 4,341 13 5 Miscellaneous advances .. 5,699 2 6 Receipts on account of pro- Capital expenditure on properties held by Crown — perties acquired by the Freehold .. .. 6,634 14 4 Crown— Leasehold .. .. 1,979 10 7 Freehold .. .. 7,194 19 1 Receipts from working of Leasehold .. .. 335 9 9 properties acquired by Expenditure in connection Crown .. .. 4,484 19 3 with properties in course Receipts on account of pro- of realization .. .. 7,164 5 5 perties in course of reali- Payments of instalments on zation .. .. 11,331 6 4 State Advances mortSales of properties on de- gages .. .. 180 13 7 ferred payment .. 156 6 11 Purchase of live and dead 769,29115 9 stock .. .. 1,984 0 11 Interest in respect of advances Expenses of working prounder sections 6 and 9, perties acquired by Crown 3,234 3 6 Discharged Soldiers Set- Purchase of grazing for tlement Act, 1915, &c— Crown tenants .. 200 4 9 Current account .. 73,956 2 0 384 gQ3 jg jq Dwellings .. .. 209,322 18 2 Suspense Account: Amounts Farms .. .. 203,577 12 3 allocated— Buildings .. .. 603 511 Fire Loss Suspense Account 4,863 11 5 Interest on sales of pro- Suspense Account .. 11,289 10 4 perties on deferred pay- \q 153 j 9 ment .. .. 82 7 8 Interest recouped to the ConMiscellaneous .. .. 99 5 2 solidated Fund— 487,641 11 2 Interest on transfer from Discharged Soldiers Settle- Consolidated Fund .. 200,000 0 0 ment Amendment Act, Interest on debentures .. 167,500 0 0 1921-22, sections 4, 11, Interest on advances oband 13, &c. : Sundry tained by hypothecation debtors for rents .. .. 26,684 9 4 of securities .. .. 133,693 3 0 Merged transactions under 50 j 133 3 0 section 20, Discharged Repayment of advances obtained by hypotheSoldiers Settlement cation of securities .. .. .. 200,000 0 0 Amendment Act, 1923, Transfer of capital moneys standing to credit &0 - — of account: Section 7(1), Finance Act, ] 931 Section 20 (3)— (No. 4) 2,000,000 0 0 Principal instalments .. 357 0 1 Management charges of consolidated stock .. 78 11 0 Interest instalments .. 1,090 10 7 Stamp duty on transfers of consolidated stock 69 3 2 Section 20 (4) : Property, Charges and expenses of raising loans .. 164 9 10 freehold .. .. 255 0 0 Balance as at 31st March, Section 20 (5) : Principal 1934— £ s _ (j. instalments .. .. 44 15 5 Cash .. .. .. 420,145 9 10 1,747 6 1 Imprests outstanding .. 7,630 13 2 Suspense Account: Receipts Investment Account .. 192 10 7 awaiting allocation — , 427 9gg 13 7 Fire Loss Suspense .. 11,718 10 0 Suspense Account ..' 7,090 8 5 18,808 18 5 Finance Act, 1931 (No. 4), section 7 (2) : Advances obtained by Irypothecation of securities .. .. .. .. .. 2,000,000 0 0 Interest on investments .. . . .. 9,329 7 5 £3,574,704 5 2 ■ £3,574,704 5 2

10

C—9.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT — continued. Revenue Account foe the Year ended 31st March, 1934. To Interest and sundry charges re £ s. d. £ s. d. By Interest on advances — £ s. d. £ s. d. loans— Current Account .. .. 92,742 2 0 Hypothecation of securities .. 133,693 3 0 Farms, &o. .. ..311,758 15 8 Interest on debentures .. 150,882 5 10 Dwellings .. .. 240,535 6 3 Interest on amount transferred Merged interests .. .. 1,736 3 3 from Consolidated Fund .. 323,424 13 1 Buildings .. .. 1,156 8 G Interest on redemptions from Sales .. .. .. 92 10 5 Public Debt Repayment Miscellaneous .. .. 124 15 8 Account .. .. 31,116 13 7 648,146 1 9 Management charges of stock 78 11 0 Rents and royalties from properties acquired by Stamp duty on transfers .. 69 3 2 the Crown .. .. .. .. 42,390 14 2 Charges and expenses of rais- Interest on surplus funds temporarily invested 7,958 12 1 ing loans: Issues on re- Profit on disposal of properties .. .. 1,068 7 9 newal and conversion .. 164 910 Transfer and production fees .. .. 255 11 6 639,428 19 6 Valuation fees .. .. .. .. 14 13 6 Expenses of management — Miscellaneous .. .. .. • • 46 16 5 Costs recouped to vote, Lands Profit on working farms acquired by the Crown 1,253 9 11 and Survey .. .. 37,000 0 0 Balance, loss for year, carried down .. .. 152,614 14 5 Rebates .. .. .. 25,260 2 9 Miscellaneous expenditure on Crown properties .. 4,953 1 6 Audit fees .. .. 700 0 0 Travelling-expenses .. 540 9 5 Printing and stationery .. 139 8 0 Valuation expenses .. 7 7 0 Commission .. .. 55 10 8 Miscellaneous .. .. 0 8 7 68,656 7 11 Remissions — Land Board recommendations 39,431 19 5 Dominion Revaluation Board 1,582 7 9 Under Deteriorated Land Act, 1925 .. .. .. 11 3 9 Under Mortgagors and Tenants Relief Act, 1933 .. 2,929 17 4 43,955 8 3 Reduction in value of securities — Losses on realization : Writ-ings-ofi in Suspense .. 74,311 8 2 Losses on properties acquired by the Crown .. .. 17,380 16 4 Writingß-off under section 4, Discharged Soldiers Settlement Amendment Act, 1924 49 15 3 Reduction of mortgages, &c., by Dominion Revaluation Board .. .. .. 9,416 13 7 Reduction in capital value of leases under section 216, Land Act, 1924 .. .. 205 0 0 Depreciation in value of Native lease: McGregor Block .. .. .. 344 12 6 101,708 5 10 £853,749 1 6 £853,749 1 6 £ s. d. £ s. d. To Balance : Loss for year, brought down .. 152,614 14 5 By Adjustment on account previous year .. 165 14 5 Adjustment previous years .. .. 287 7 8 Balance: Accumulated loss to 31st March, 1934 740,810 11 6 Balance forward from previous year .. 588,074 3 10 £740,976 5 11 £740,976 5 11

3—C. 9.

11

0,-9,

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st March, 1934. Liabilities. Assets. Capital— £ s. d. £ s. d. Advances on mortgages — £ s. d. £ s. d. Transfer from Consoli- Current account.. .. 1,651,084 18 10 dated Fund at 4 per Farms, orchards, &c. .. 5,893,588 11 6 cent. .. .. 13,500,000 0 0 Dwellings, business preReduction under section mises, &e. .. .. 4,490,687 6 0 22, Finance Act, 1927 12,035,360 16 4 (No. 2) .. .. 2,650,000 0 0 Land leased under sections 4 and 5 of Discharged Soldiers Settlement Amendment Act, 10,850,000 0 0 1921-22 .. .. .. .. 458,635 13 8 Less repaid as per Buildings: Unpaid purchase price (not yet payFinance Act, 1931 able) of buildings on Crown properties .. 21,623 6 6 (No. 4) .. .. 4,850,000 0 0 Sundry advances merged with value of Crown lands (section 20, Discharged Soldiers Settle--6,000,000 0 0 ment Amendment Act, 1923) .. .. 36,484 19 4 Depreciation Fund .. 46,160 0 0 Deferred-payment sales under section 9, DisRedemptions from Public charged Soldiers Settlement Amendment Act, Debt Repayment Ac- 1921-22 .. .. .. .. 1,512 0 3 count .. .. 777,916 19 8 Realization Account: Properties in course of Debentures issued (at 3J realization .. .. .. .. 190,896 6 1 percent., £416,130; at Properties acquired by the 3i per cent., £136,500; at Crown — £ s. d. 4 per cent., £2,956,880; Freehold.. .. ..547,650 15 0 at 5 per cent., £255,495 Leasehold .. .. 88,876 1 7 16s. Bd. ;at 5$ per cent., 636,526 16 7 £600) .. .. 3,765,605 16 8 Live and dead stock .. .. .. 12,227 1 1 Hypothecation of securi- Current Account Advances Suspense : Seeties, section 7 (2), Fi- tion 3 (3) (b), Discharged Soldiers Settlement nance Act, 1931 (No. 4), Amendment Act, 1924 .. .. .. 500 0 0 at 5 per cent. .. 4,050,000 0 0 Sundry debtors for principal 14,639,682 16 4 instalments— S s. d. Sundry creditors for interest — Farms Account .. .. 184,811 9 9 Interest due and unpaid Dwellings Account .. 109,470 14 8 on debentures .. 1,067 110 Merged transactions .. 1,580 4 1 Interest due and unpaid Buildings Account .. 1,580 10 5 on transfer from Con- Deferred-payment sales .. 13 5 solidated Fund .. 828,761 12 10 297,444 2 4 Interest accrued on trans- Sundry debtors for interest — fer from Consolidated Current account .. .. 114,478 7 6 Fund .. .. 25,863 0 3 Farms Account .. .. 281,423 8 9 Interest accrued on de- Dwellings Account .. 51,557 5 8 bentures .. .. 38,202 16 7 Merged transactions .. 4,832 911 Interest on redemptions Buildings Account .. 1,409 13 5 from Public Debt Re- Deferred-payment sales .. 16 14 4 payment Account .. 37,510 10 4 Miscellaneous advances .. 68 6 6 931,405 1 10 453,786 6 1 Sundry creditors — Miscel- Sundry debtors for— laneous services— Rents of properties .. 44,046 5 3 Miscellaneous .. .. 7,668 15 6 Miscellaneous advances .. 2,682 16 11 Departmental .. .. 43 5 3 Departmental .. .. 1,272 0 2 7,712 0 9 48,001 2 4 State Advances Office : Mortgages taken over 1,185 311 Postponements— Miscellaneous credit balances on Under Discharged Soldiers debtors' accounts — £ s. d. Settlement Acts, &c. — Advances, current account .. 6,752 16 11 Instalments of principal— Principal instalments : Farms, Farms .. .. 44,376 14 4 &c. .. •• ■■ 322 6 6 Dwellings .. .. 2,334 11 6 Principal instalments: Dwel- Buildings .. .. 40 14 7 lings, &c... .. •■ 613 610 Interest— Miscellaneous advances .. 230 14 0 Current account .. 6,396 19 2 Advances: Live and dead stock 97 3 10 . Farms .. .. 71,360 13 7 Interest— Dwellings .. .. 1,292 17 10 Current account .. .. 56 15 5 Buildings .. .. 31 12 7 Farms. &c. .. .. 1,475 5 3 Rent .. .. 2,301 16 11 Dwellings .. .. 650 10 0 .128,136 0 6 Buildings .. .. 0 14 10 Miscellaneous .. .. 0 3 10 Under Mortgagors and Ten-Deferred-payment sales .. 110 ants Relief Act, 1933— Rents .. . • •. 248 13 8 Instalments of principal— 10,449 12 1 Farms .. .. 1,739 2 4 Rents charged in advance .. .. 5,974 12 !) Dwellings .. .. 58 4 6 Interest charged in advance .. .. 116 9 10 Interest — Suspense Accounts — Farms .. .. 1,556 19 0 Fire Loss Account .. .. 5,753 12 4 Dwellings .. .. 38 14 6 Receipts unallocated.. .. 2,560 6 1 Current account .. 548 16 11 Surpluses on realization not yet Rent .. .. 64 10 0 allocated .. .. 876 4 6 4,006 7 3 9,190 2 11 Interest on advances accrued but not due .. 104,510 2 11 Carried forward ... .. .. 15,605,716 0 5 Carried forward .. .. .. .. 14,429,651 1 3

12

C-β.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Balance-sheet as at 31st March, 1934 — continued. £ s. d. £ s. d. Brought forward .. .. .. 15,605,716 0 5 Brought forward .. .. .. 14,429,651 1 3 Writings-off in Suspense .. .. .. 48,990 12 0 Consolidated Fund: Debenture interest overLiabilities discharged under section 22, Finamce recouped .. .. .. ~ 6 435 6 11 Act, 1927 (No. 2), to write off accumulated Interest on investments due and unpaid .. '713 2 7 losses, as per contra .. .. .. 3,969,759 10 11 Interest on investments accrued but not due .. 0 19 8 Losses in Suspense .. .. .. 48,990 12 0 Cash — Deposits Account — Miscellaneous — Receipts awaiting allocation .. .. 136 4 11 Cash balance— £ s. d. In Public Account .. 420,145 9 10 Imprests outstanding .. 7,630 13 2 Investment Account .. ]92 10 7 427,968 13 7 Revenue Account: Accumulated loss .. 740,810 11 6 Accumulated losses written off under section 22, Finance Act, 1927 (No. 2) .. .. 3,969,759 10 11 £19,624,466 3 4 £19,624,466 3 4 W. Robertson, Under-Secretary for Lands. Wμ. E. Shaw, Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the comment that no charge for the cost of exchange on payments made in London is included in the account and to the accounts of the Canterbury Land District, the audit of which has not yet been completed by the local Audit Inspector, being in agreement with the Head Office books.—G. F. C. Campbell, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (740 copies), £19 10s.

Authority : G. H. Loney, Government Printer, Wellington.—l 934.

Price

13