LAND FOR SETTLEMENTS ACT, 1925 (REPORT ON THE).

Appendix to the Journals of the House of Representatives, 1934 Session I, C-05

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1934. NEW ZEALAND.

LAND FOR SETTLEMENTS ACT, 1925 (REPORT ON THE).

Presented to both Houses of the General Assembly pursuant to Section 109 of the Land for Settlements A.ct, 1925.

The Land Purchase Controller to the Hon. the Minister of Lands. T hnvp +>,„ l + De P art ' llent of Lands and Survey, Wellington, Ist August, 19.34 March, 1934 " a rep ° rt ° n land "P urchas e operations for the year ended 31st Offers of estates which received consideration during the year numbered twenty-nine For various reasons however, no purchases were made, apart from a small addition to the Puni Settlement Z area of Native land m the Town of Otorohanga was purchased under the Native Land Act 1931 and as the same was acquired for general settlement, the purchase-money was paid out of the Land for Settlements Account m accordance with law. U tor ■ Th ® P r °P osal to offer early this year some twenty sections of the Galatea Estate was nostDoned m view of the unexpected change xn the economic situation as affecting the dairying industry In anticipation of such offering ten of the sections were provided with cottages and other buildings The Department has now installed share milkers on the sections thus equipped, the occupants bemg readv to commence the season's operations with herds of approximately fifty wws. As fndLted in last year s report a demonstration farm was established on the estate, and the results for the inSal season were successful. The mam programme of grass development was continued during the year the uk of the 6 000 acres cultivated being now in permanent pasture. Provision was made for a gravitation water-supply to the portion of the estate not formerly provided with water With the improved prices for sheep and wool, the Department's farming operations on the estate ke! rtrs jstrsr* r ~ 1t,,,g * ftei - -X-» in«er!™fcTapS™iy:,l "* "T — th « 8"» 1»«' ««« provided Development work on the Kakariki Block proceeded according to programme a considerable amount of scrub-clearing, grassing, and fencing having been carried out, Farm activities furnished interest on capital, and a surplus representing a good profit, on the year's working ' Great improvement has been effected on Brinklands Settlement by further draining and cultivation fnvXed W6re sWed a after provision for interest £$£ Early m the present year the unselected portion of the Aponga Settlement was reoffered in seven ,f?f V total area of 2,445 acres Some small farms suitable for dairying with larger holdings suitable for sheep and grazing store cattle comprised the offering, and, with the exception of two 5 the areas, the allotments were taken up. Applications were made in respect of the two areas referred to, but were declined in view of the unsatisfactory financial position of the applicants. wa / + aMe r re at +^ ed particulars of the properties considered and land acquired during the year together with Revenue Account and Balance-sheet. The usual statement (duly certified by the Con roHer and Auditor-Genera!) required under the provisions of section 109 a of tfie Land for settlements Act 1925, of the moneys received into and paid out of the Land for Settlements Account during the year will be found in parliamentary paper B. l (Part 1), being the Abstract of the Revenue and Expenditure of the Public Account for the year ended 31st March, 1934. I have, &c., Th, Hon. the Mi-ifr of l»d S . poller.

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Table A.—Number of Properties considered during Year ended 31st March, 1934.

Table B.—Summary of Private Estates acquired to 31st March, 1934.

Table C. —Return of Land purchased and paid for during Period from 1st April, 1933, to 31st March, 1934.

Table D. —Payment from Land for Settlements Account pursuant to Section 10 (1) of the Native Land Amendment Act, 1932, during Period from 1st April, 1933, to 31st March, 1934.

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. ' I •" "" I ī Land District. j Number. Are^^^ ta,:es Land District. Number. | 168 I 1 . ' / ■ I 1 ' ■ Acres. j Acres. North Auckland .. 4 2,658 Nelson .. .. 1 90 Auckland .. .. 3 4,810 j Westland Gisborne .. .. .. •• ! Canterbury .. .. 4 4,804. Hawke's Bay .. .. 4 13,035 Ot.ago .. .. -2 993 Taranaki .. .. 1 1,285 j Southland .. .. 3 7,999 Wellington .. .. 6 13,043 ! 1 Marlborough .. .. 1 150 Totals .. 29 48,867

[ j Land District. j Number. Area. Purchase-money. Acres. £ North Auckland .. .. 53 ! 48,924 455,060 Auckland 75 j 376,073 1,243,775 G-isborne .. .. .. 26 ' 86,380 790,131 Hawke's Bay 59 i 264,783 1,714,292 Taranaki ' 26 30,978 375,881 Wellington .. .. .. 155 160,828 2,350,297 Marlborough .. .. .. 22 224,090 755,482 Nelson 14 48,821 150,473 Westland 3 6,032 14,062 Canterbury .. .. .. 178 ! 451,201 3,521,523 Otago .. .. .. 81 335,212 2,029,409 Southland .. .. .. 34 94,396 522,280 Totals .. .. 726 2,127,718 13,922,665 * Exclusive of purchases under the Native Land Act, 1931, for general settlement.

Name oi Owner. Locality. j Settlement. j Area, j E. p. £ Estate of Holen Boyd (deceased) j Pukekohe .. .. By agreement Puni (additional) .. j 2 8 j 2

Payee. Land. Area. j Amount paid. e. p. £ Waikato-Maniapoto District Maori Part Lot 20, Block XII, Town of 14-4 87 Land Board Otorohanga, D.P. 19460

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LAND FOR SETTLEMENTS ACCOUNT. Revenue Account for the Year ended 31st March, 1934.

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General. Cheviot. Hutt Valley. | Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. To Interest on— Loans .. .. .. .. .. 398,127 5 4 5,632 2 7 .. 403,759 7 11 Temporary transfers from other accounts .. .. 56 10 1 .. .. 56 10 1 Capital from proceeds of sales of Crown lands .. .. 74,482 10 2 .. .. 74,482 10 2 Value of Crown lands in estates .. .. .. 8,477 12 0 .. .. 8,477 12 0 National Endowment Trust Funds .. .. .. 1,931 0 8 .. 1,931 0 8 Cheviot Estate accumulated funds transferred .. .. 18,508 0 10 .. .. 18,508 0 10 Deposits by lessees under section 208, Land Act, 1924 .. 272 5 9 .. .. 272 5 9 Capital from Land for Settlements Account .. .. .. .. 5,337 12 6 5,337 12 6 Sundry charges re loans — Charges and expenses of raising loans .. .. .. 21032 .. .. 210 3 2 Management charges of New Zealand consolidated stock.. 720 16 0 .. .. 720 16 0 Stamp duty on transfer of stock .. .. .. 6 37 .. .. 637 Proportion of premium on loan conversions .. . ■ 2,563 0 0 .. .. 2, 563 0 0 Administration expenses— Estates .. .. .. .. •• •• 8,353 8 9 927 2 5 136 9 11 9,417 1 1 Land Laws Amendment Act, 1929 .. .. .. 1,924 13 5 .. .. 1,924 13 5 Rebates — Rents from estates .. .. •• •• 17,436 9 1 1,361 3 3 .. 18,797 12 4 Rents: Land Lawi? Amendment Act, 1929 .. .. 121 15 9 .. .. 121 15 9 Remissions of rent and interest— Land Board recommendations — Receipts from estates .. •• •• 94,257 8 8 587 5 10 10 0 0 94,854 14- 6 Receipts under Land Laws Amendment Act, 1929 .. 249 14 9 .. .. 249 14 9 Interest on Advances under Deteriorated Lands Act, 1925 49 6 7 .. .. 49 6 7 Under Mortgagors and Tenants Relief Act, 1933 .. 4,265 6 3 121 5 0 .. 4,386 11 3 Under Deteriorated Lands Act, 1925 .. .. .. 517 17 9 .. .. 517 17 9 Irrecoverable rents, &c., transferred to Suspense Account .. 7,936 5 9 .. 957 18 6 8,894 4 3 Annual Appropriation: Vote, Land for Settlements Expenses— £ s. d. Audit fees .. . ■ . • • • 250 0 0 Compensation for injuries.. .. •• 284 13 5 Salaries .. . • • ■ • ■ '87 10 0 Travelling-expenses .. .. • • 152 14 4 Miscellaneous .. .. 429 18 9 1,904 16 6 .. .. 1,904 16 6 Depreciation of plant, &e. .. .. • • • • 193 17 0 .. .. \ 193 17 0 Miscellaneous expenses incidental to estates .. 119 18 0 .. 284 J 4 404 7 4 Interest on Cheviot Estate fixed capital (see contra) .. .. 9,279 17 3 .. ? Gross loss on trading .. .. •• •• •• •• • 1,992 4 5 J' 99 ?? 4 f Balance carried down .. .. •• •• 1,60836 .. 1,608 3 £642,686 5 10 £19,516 19 10 £8,718 14 8 £670,922 0 4 £ s. d. £ s. d. £ s. d. £ s. d. To Balance brought forward .. .. •• •• 19,230 0 0 .. 1,429 12 2 20,659 12 2 Adjustment previous year: Interest overcharged on capital 2,425 14 4 .. .. 2,425 14 4 expenditure, Te Wera Adjustment previous year: Miscellaneous .. 4 0 0 .. .. 4 0 0 Transfer to reserve .. .. . • • • • • • • 1»3 6 .. 1,608 3 £21,659 14 4 £1,608 3 6 £1,429 12 2 £24,697 10 0 Q r _ £ s. d. £ s. d. £ s. d. £ s. d. By Rents and royalties— „ Estates .. .. •• •• 502,297 19 5 19,071 6 11 178 6 8 521,547 13 0 Land Laws Amendment Act, 1929 .. .. •• 2,130 11 2 .. .. 2,130 11 2 Interest on sales — ,, , Estates .. .. •• •• •• •• 28,382 8 3 315 10 0 7,110 15 10 35,808 14 1 Land Laws Amendment Act, 1929 .. .. • • 726 3 11 .. •• 726 3 11 Interest on capital expenditure — £ s. d. [ Te Wera Estate .. •• •• 3,913 16 5 Brinklands Estate .. . ■ • ■ 740 6 0 Hutt Valley .. .. •• •• 8,337 12 6 Land development .. .. •• 8,931 5 2 F 18,923 0 1 .. .. 18,923 0 1 Interest in advances — Land Laws Amendment Act, 1929 .. 7,810 8 5 Deteriorated Lands Act, 1925 .. .. 631 13 7 — 8,442 2 0 .. .. 8,442 2 0 Interest on investments .. •• •• •• 1,983 4 1 .. •• io o Interest on investments in Public Debt Redemption Fund .. 49,120 9 4 130 2 11 .. 49,250 1- o Valuation fees, sections 7 and 14, Land Laws Amendment 140 1 0 .. .. 140 1 0 Act, 1929 0 A .,., „ . Miscellaneous .. . ■ •• •• •• « 2 > 030 9 4 .. .. 2,030 9 4 Interest on Cheviot Estate: Fixed capital (see contra) .. 9,279 17 3 .. •• on'cln }l o Balance carried down 19,230 0 0 „ 1.429 12 2 20,659 12 2 £642,686 5 10 £19,516 19 10 £8,718 14 8 £670,922 0 4 £ s. d. £ s. d. £ s. d. I £ s. d. By Balance brought forward .. .. .. •• 1,608 3 6 .. 1,608 3 6 Transfer to Profit and Loss Appropriation Account .. .. •• VI Z l,4J9 z Transfer to reserve .. .. 21,659 14 4 21,659 14 4 £21,659 14 4 £1,608 3 6 £1,429 12 2 £24,697 10 0

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LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1934. Liabilities.

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General. j Cheviot ' Na^eutX?ust? W " : Hutt Valley. | Total. Loan capital— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3 per cent. .. 354,165 0 0 3| per cent; .. 5,791,733 5 11 .. 160,918 0 0 3f per cent. .. 214,150 0 0 4 per cent. .. 5,654,579 3 11 4|-per cent. .. 37,739 12 3 5 per cent. .. 155,520 0 0 5| per cent. .. 1,500 0 0 5J per cent. .. 19,580 0 0 Treasury Bills, 2f per pent. .. ; 65,000 0 0 Funded Debt, £4 19s. 5-88d, .. .. 33,446 6 11 Debentures not eonverted .. 400 0 0 — 12,327,813 9 0 Less reduction; Finance Act (No. 2), 1,138,600 0 0 1927 11,189,213 9 0 Crown lands included in estates .. 211,940 0 0 Sales of Crown land .. .. 2,452,870 8 0 13,854,023 17 0 Less amount expended in opening up 429,788 1 5 Crown lands 13,424,235 15 7 160,918 0 0 .. .. 13,585,153 15 7 Accumulated funds— Cheviot Estate .. .. .. .. 462,705 12 1 .. .. 462,705 12 1 National Endowment Trust .. .. .. .. | 106,671 8 0 .. 106,671 8 0 Deposits by lessees under section 208, 9,015 16 3 .. .. .. 9,015 16 3 Land Act, 1924 Sundry creditors — Interest on capital from proceeds of sale 14,482 10 2 of Crown lands Interest on National Endowment Trust 31 0 8 funds Interest on loans due and unpaid .. 991 12 0 Turakina Domain .. .. .. 317 3 1 Departmental .. .. .. 1,549 18 10 .. 48 10 0 Miscellaneous . . .. .. 759 5 0 18,131 9 9 .. 48 10 0 .. 18,179 19 9 Interest on loans accrued but not due .. 102,450 17 10 1,373 6 3 .. .. 103,824 4 1 Interest on loans unrecouped to Con- 1,045 511 5,63227 .. .. 6,67786 solidated Fund Hutt Valley estatesPurchases .. .. .. .. .. .. 164,760 11 9 Roading and incidental expenses .. .. .. .. 224,058 8 9 Interest .. .. .... .. .. .. 66,680 17 10 455,499 18 4 Less deductions, section 11 (2a), .. .. .. 286,988 15 5 Finance Act, 1932 — — 168,511 2 11 168,511 2 11 Railway Improvements Authorization Act, .. .. .. 1,014 14 1 1,014 14 1 1914 : Interest on capital Land Laws Amendment Act, 1929 : Land subject to section 8— Crown Lands Account .. .. 35,392 7 6 National Endowment Account .. 8,200 10 2 » Primary Education Endowment Acoount 177 19 1 43,770 16 9 .. .. .. 43,770 16 9 Discharged Soldiers Settlement Account— Merged interests under section 20, Discharged Soldiers Settlement Amendment Act, 1923 — Not yet payable .. .. 2,982 19 0 Principal instalments .. .. 56 17 11 3,039 16 11 .. .. .. 3,039 16 11 Payments in advance — ——— • Receipts derived from estates: Rents, 7,741 115 11116 .. 191911 &c. Principal instalments: Sales of Crown 6,078 12 5 .. 23 11 4 land Interest on advances under Deterio- 19 1 rated Lands Act, 1925 Land Laws Amendment Act, 1929 : 3 5 4 Rents, &c. — —— ; 13,824 18 3 11 11 6 23 11 4 19 19 II 13,880 1 0 Rents charged in advance .. .. 129,933 7 5 6,365 4 2 .. 2 12 6 136,301 4 1 Depreciation Reserve on plant, &c. .. 2,334 10 0 .. .. .. 2,334 10 0 Suspense Account: Deteriorated Lands 888 6 II .. .. .. 888 6 11 Act, 1925 Suspense Account: Buildings .. .. 309 15 2 . . .. . . 309 lg 2 Writings-off in Suspense .. .. 6,467 2 3 .. .. 655 10 8 7,122 12 II Reserve for capitalized interest on Land- 20,278 3 0, .. .. .. 20,278 3 0 development schemes Reserve Account, including unexpended 917,501 19 3 6,244 13 10 .. .. 923,746 13 1 loading for roads, &c. Profits.and Loss Appropriation Account.. .. .. .. 118,362 9 4 118,362 9 4 Cheviot"ETstaie Account, as per contra .. 238,691 1'5 8 .. .. .. 238,691 15 8 National Endowment Trust Account, as 53,957 10 6 .. .. .. 53,957 10 6 per contra ■ £14,985,877 7 5 £643,250 10 5 £106,743 9 4 £288,566 9 5 £16,024,437 16 7

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LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1934 —continued. Assets.

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j General. Cheviot. j Na ,£°™ I T^ OW ' Hutt Valley. i Total. Land Account— £ s. d. £ s. d. £ s. d. £ s. d. £ s d Estates leased .. .. .. 10,394,792 5 10 384,467 9 1 Estates unlet .. .. .. 305,855 17 0 365 0 0 .. 111,095 0 0 10,700,648 2 10 384,832 9 1 .. 111,095 0 0 11,196,575 11 11 Land Laws Amendment Act, 1929— Leased land .. .. .. 77,825 0 0 Unlet land .. .. .. 10,300 0 0 88,125 0 0 .. .. .. 88,125 0 0 Provisional State forest .. .. 3,158 66 .. .. .. 3 igy g g Lands acquired under Native Land j' 1,135 19 9 . . .. .. J jgg jg g Amendment Act, 1932 (partly acquired ! interests) — T 11,288,994 18 2 Unpaid purchase price (not yet payable)— Buildings on estates .. .. 124,841 4 0 25 13 11 Sales of settlement land .. .. 500,014 9 4 5,698 10 0 .. 138,248 7 0 Sales of Crown land . . .. 549,625 9 9 .. 51,524 16 10 Land Laws Amendment Act, 1929— Buildings .. .. .. 253 5 10 Sales of land .. .. .. 12,872 19 2 1,187,607 8 1 5,724 3 11 51,524 16 10 138,248 7 0 1,383,104 15 10 Realization Account .. .. .. 99 4 4 .. .. ,, 99 4 4 Hutt Valley estates — Purchases .. .. .. 164,760 11 9 Roading and incidental expenditure .. 224,058 8 9 Interest .. .. .. .. 66,680 17 10 455,499 18 4 Less deduction, section 11 (2a), 286,988 15 5 Finance Act, 1932 ; 168,511 2 11 .. .. .. 168,511 2 11 Railway Department: Balance unpaid on .. .. .. 26,389 8 0 26 389 8 0 area taken for workshops Advances on mortgages— Deteriorated Lands Act, 1925 — Current Account .. .. 10,218 13 11 Instalment .. .. .. 1,490 3 0 Land Laws Amendment Act, 1929 — Current Account: Crown land .. 121,407 19 8 Current Account: Settlement land 17,983 14 9 Instalment: Crown land .. .. 2,5361111 153,637 3 3 .. .. .. 1 53)637 3 3 Improvements and live-stock on estates— Te Wera Estate .. .. .. 118,210 18 5 Brinklands Estate .. .. .. 19,694 3 7 137,905 2 0 .. .. .. 137,905 2 0 Plant and machinery .. .. 3,88600 .. .. .. 3,886 00 Land Laws Amendment Act, 1929 : Expenditure on development of Crown and settlement lands— Crown lands— Improvements .. .. .. 128,112 16 1 Equipment .. .. .. 10,203 8 10 Stock and Farm Accounts .. 14,639 17 11 Settlement lands— Improvements .. .. .. 85,551 7 8 Equipment .. .. .. 6,422 7 0 Stock and farm accounts .. 19,502 13 3 264,432 10 9 j .. 264,432 10 9 Interest on capital expenditure .. 20,278 3 0 .. .. j .. 20,278 3 0 Carried forward .. .. 12,729,424 3 5 390,556 13 0 51,524 16 10 1 275,732 15 0 13,447,238 8 3

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LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1934 —continued. Assets —continued.

W. Robertson, Under-Secretary for Lands. W. 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 following exception : No interest has been allowed to the Cheviot Estate in respect of the assets of the Cheviot Estate Account, which have been transferred to the Land for Settlements Account; and, moreover, the Cheviot Estate has been charged interest on the value of such assets other than cash. As a result, the accounts do not disclose the true amount of revenue earned by the Cheviot Estate and the Land for Settlements Account respectively. The following comments are appended : (1) The account contains no charge for the cost of exchange on payments of interest made in London ; nor has any credit been allowed for exchange on the proceeds of sales of farm-produce overseas ; (2) to avoid delay, the accounts of some land districts, the audits of which have not yet been completed by the local Audit Inspectors, have been accepted from the Department's records. —J. H. Eowleb, Deputy Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (490 copies), £10.

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

Price firf.]

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I I — General. ! Cheviot. Endo ™ Trust. Hntt Valley. I Total. ! I £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. 12,729,424 3 5 390,556 13 0 51,524 16 10 275,732 15 0 13,447,238 8 3 Postponements of rents, interest, &c. — Under Land Act, 1924— Receipts derived from estates .. 125,876 0 2 882 11 9 Sales of Crown land .. .. 444 19 1 .. 151 9 8 Land Laws Amendment Act, 1929 : 125 9 6 Rents, &e. Interest on advances under Deterio- 16 8 8 rated Lands Act, 1925 Under Mortgagors and Tenants Relief Act, 1933— Receipts derived from estates .. 4,959 10 0 356 2 0 Sales of Crown land .. .. 78 15 9 131,501 3 2 1,238 13 9 151 9 8 .. 132,891 6 7 Sundry debtors for — Interest on advances under Deteriorated 1,129 15 8 Lands Act, 1925 Rents, royalties .. •• •• 523,066 19 11 8,337 11 1 .. 222 17 11 j Principal instalments : Advances under 23 4 6 Deteriorated Lands Act, 1925 Principal instalments: Buildings .. 14,840 6 II 2 10 1 Principal instalments: Sales of Crown 18,580 12 1 .. 1,109 12 4 land Principal instalments: Sales of settle- 29,537 2 0 143 0 0 .. 3,035 3 6 ment land Interest on sales of Crown land : Sec- 199 14 9 tion 5, Land Laws Amendment Act, 1912 Interest on sales of settlement land .. 22,794 14 2 818 4 7 .. 8,322 18 11 Land Laws Amendment Act, 1929 — Rents .. .. • • • • 596 13 7 Interest on sales.. •• 153 3 2 Interest on advances under sections 8,681 2 4 7 and 14 Principal instalments: Sales under 30 5 9 section 8 Principal instalments : Mortgages .. 12 19 9 Insurances .. .• • • 50 7 0 Departmental .. 1,733 16 6 Miscellaneous .. • • • • 4,665 15 4 626,096 13 5 9,301 5 9 1,109 12 4 11,581 0 4 648,088 II 10 Premium on loan conversions .. 23,067 0 0 .. .. .. 23,067 0 0 Interest accrued but not due on— Investments .. • • • • 467 17 5 .. .. .. 467 17 5 Sales under deferred-payment licenses, 7,135 6 7 78 7 3 .. 587 10 0 7,801 3 10 &c. Outstanding losses: In Suspense .. 6,467 2 3 .. .. 655 10 8 7,122 12 11 Investment in Public Debt Redemption 1,275,057 4 11 3,383 15 0 .. .. 1,278,440 19 11 Consolidated Fund: Proportion of interest 114,100 17 8 .. .. .. 114,100 17 8 on Loan Account Land for Settlements Account: General, .. 238,691 15 8 53,957 10 6 .. 292,649 6 2 as per contra Cash .. •• ■■ •• 50,341 19 4 .. .. 9 13 5 Imprests outstanding— £ s. d. In the Dominion .. 16 16 1 In London .. • • 13 2 17 19 3 Investment Account: Securities held .. 22,200 0 0 .. .. .. 72,569 12 0 £14,985,877 7 5 £643,250 10 5 £106,743 9 4 £288,566 9 5 £16,024,437 16 7