DEPARTMENT OF LANDS AND SURVEY. DISCHARGED SOLDIERS SETTLEMENT. REPORT FOR THE YEAR ENDED 31st MARCH, 1935.

Appendix to the Journals of the House of Representatives, 1935 Session I, C-09

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1935. NEW ZEALAND.

DEPARTMENT OF LANDS AND SURVEY. DISCHARGED SOLDIERS SETTLEMENT. REPORT FOR THE YEAR ENDED 31st MARCH, 1935.

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

CONTENTS. Genekal 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 Tables — Table 1.-—Total Lands acquired by Discharged Soldiers .. . . 7 Table 2. —Statement of Mortgage Transactions .. .. . . 8 Discharged Soldiers Settlement Account — Transactions for Year .. .. .. ■ • •. 10 Balance-sheet .. .. .. .. ■ ■ ■ • .. J 2

Sib, — Department of Lands and Survey, Wellington, Ist August, 1935. 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, 1935. I have, &c., W. Robebtson, The Hon. Sir E. A. Ransom, Minister of Lands. Under-Secretary. I—C. 9.

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GENERAL REVIEW. Discharged Soldiers Settlement Account. Loans authorized during the year number 574, involving a total amount of £59,028, as follows:—

Cash receipts for the year have risen by £122,882. The comparative figures of cash receipts on Capital and Revenue Accounts for the last five years are : — 1930-31. 1931-32. 1932-33. 1933-34. 1934-35. £ £ £ £ £ Capital .. 749,090 668,396 625,316 788,757 877,113 Revenue .. 604,988 527,436 488,048 525,578 560,104 1,354,078 1,195,832 1,113,364 1,314,335 1,437,217 LANDS PROCLAIMED. The lands set apart for selection by discharged soldiers during the year totalled 3,857 acres, making a grand total of 1,452,525 acres proclaimed since the inception of the scheme. This large area is made up as follows : — Class of Land. Area. Acres. Ordinary Crown lands .. . . . . . . . . 613,093 Land-for-settlements land .. .. .. .. 402,544 National-endowment land .. .. .. .. 433,532 Cheviot Estate land .. .. .. .. .. 3,356 1,452,525 Proclamations have been issued revoking the setting-apart of 237,733 acres of Crown and nationalendowment land and 103,790 acres of land-for-settlements land. APPLICATIONS FOR LAND. Applications for land under the Discharged Soldiers Settlement Act, 1915, to the number of eight 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 :—

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New Loans. Additional Loans. Number. Amount. Number, j Amount. £ £ Advances on current account .. .. .. 4 1,110 276 42,814 Advances on farms .. .. .. .. 1 100 5 1,456 Advances on dwellings .. .. .. .. 2 1,300 286 12,248 7 2,510 567 56,518

. , ■ Allotments made. Year ending Applications ° received. AT , . .. JNumber. 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 1935 .. .. .. .. 8 7 2,954 Totals for twenty years .. .. 15,153 4,086 1,437,180

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DOMINION REVALUATION BOARD. Summary of Operations as at 31st March, 1935. 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) .. .. .. 873,366 2,892,991 Remission of Instalment Interest and Rent. £ Granted by Dominion Revaluation Board in respect of arrears as at 30th June, 1923 . . 195,057 Granted by Land Boards on recommendation of the Dominion Revaluation Board with respect to payments accruing subsequent to 30th June, 1923 . . . . . . 277,318 Total remissions .. .. .. .. .. £472,375 Mortgages, instalments, rents, &c., automatically written off due to reduction being £ retrospective to Ist July, 1921, or date of the title, &c. . . . . .. 440,340 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 capita] invested .. .. .. .. .. .. •• •• 3,222,649 Reduction of capital . . .. .. . . .. • • ■ • • • 202,355 Transferred to Suspense Account .. .. .. .. •• •• 23,957 Adjustments in Buildings under Land for Settlements Act. £ Original value .. .. .. •• •• •• 131,561 Amount of reduction .. .. .. .. •• 19,579

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APPENDIX.

EXTRACTS FROM REPORTS OF COMMISSIONERS OF CROWN LANDS. NORTH AUCKLAND. (W. D. Armit, Commissioner of Crown Lands.) Soldier settlers throughout the district have experienced various climatic conditions as outlined in my remarks on the settlement of Crown lands. Soldier settlement is fairly evenly distributed throughout the land district, and while a number were experiencing phenomenal rainfall, and in some cases floods, others were subject to drought conditions at the same period. Production of butterfat dropped to a marked extent in areas around Auckland City and south of Auckland. The satisfactory return from pig-husbandry has generally been fully availed of by the settlers. The administration of dairy-farming accounts continues to call for the closest co-operation between the Department and mortgagor. Wherever possible, assistance is given by way of pooling proceeds of Crown dairy orders with the settler's income and arranging budgetary expenditure to ensure a reasonable farm-working arrangement. In a number of cases it has been found desirable to handle the whole of the proceeds in this manner. Provided reasonable production is maintained, the Department is doing its best to meet the continued low standard of values by granting concessions of interest charged. Wool-prices proved disappointing, and graziers have hardly been able to stand up to charges. The flock-farmer with an annual draft of sheep to sell has benefited by comparatively high sheep-prices, and management in this direction is a determining factor as to whether Crown charges can be wholly or partially met. Dwellings reverting to the Crown are easily let, but few sales are recorded. The Department has continued to renovate, and repair, with a view to maintenance of buildings. Advances to mortgagors with the same object in view have been made to a considerable extent. Suspension of principal payments and variation of mortgages have been arranged where the security permits. Where default exists, it is largely due to unemployment or greatly reduced earnings by mortgagors and. tenants. AUCKLAND. (K. M. Graham, Commissioner of Crown Lands.) This year has proved to be a difficult one for the great majority of soldier settlers. As far as dairy-farmers are concerned, low prices for produce continued to rule, and payouts for butterfat have averaged about 9d. per pound. To make matters more difficult there was a prolonged drought about midsummer in all parts of the district, except the Bay of Plenty, which reduced production considerably. Added to this, a number of settlers in the Waikato district were affected by serious peat fires, which destroyed a large area of pasture. Settlers who have concentrated on pigs as a side-line obtained satisfactory returns. Sheep-farmers again suffered through a drop in the price realized for wool, the average price being only about half what was obtained in the previous year. Those, however, with fat lambs to dispose of did quite well at the prices ruling. Most settlers, in spite of difficult times, have made an honest endeavour within their means to meet their liabilities to the Department, and the total received by the Discharged Soldiers Settlement Account showed an increase on the previous year's receipts. Many soldier settlers, owing to continued low prices of produce, have found it necessary to apply to the Land Board for relief, which has been afforded in many deserving cases by remission and postponement of charges and also by further advances to maintain and further improve properties. To off-set low prices many settlers have made an effort to increase production by herd testing and culling and by increasing their herds. Unemployment and reduced incomes have also affected house mortgagors adversely, and in many cases relief has been given by arranging adjusted mortgages, thus reducing annual charges substantially. GISBORNE. (H. L. Primrose, Commissioner of .Crown Lands.) As the majority of the soldier settlers in this district are engaged in dairy-farming their position has iiot greatly improved during the year. Those going in for sheep-farming, on the other hand, are showing an improved position, but there is still considerable doubt as to what the future holds for our wool and mutton. The housing position has not improved greatly owing to the prevalent unemployment, but there are practically no houses on hand unoccupied, and every endeavour is being made to induce at least some payment, however small. HAWKE'S BAY. (F. R. Burnley, Commissioner of Crown Lands.) Soldier settlers generally on both dairying and sheep properties have experienced a difficult period o wing to a fall in the market price of the products, though a better tone appears to be operating at the later sales.

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It is expected that settlers as a whole will have difficulty in meeting a year's charges. Assistance to mortgagors of house properties has been necessary, and this has been mainly in the form of suspension of payment of principal and capitalization of arrears. Hunter Soldiers' Assistance Trust Board. —The Board held three meetings during the year, and loans totalling £670 were granted to soldier settlers for stock and improvements. Grants to the amount of £172 10s. were approved in the case of twenty-six orphan children of deceased soldiers. TARANAKI. (F. H. Wateks, Commissioner of Crown Lands.) The continued low price of butterfat has made the year a most disappointing and difficult one for the average dairy-farmer, the price dropping to 625. in October, while the highest figure reached was 945. in February.' The majority of soldier settlers in the district are dairy-farmers, and those with small herds up to thirty have found it impossible to pay their way and meet charges. The farmers running fifty to sixty cows and over are in a much better position, and the majority of these should be able to carry on. The Department has met the position generously, and a considerable sum has been remitted in order to help those unable to pay. The milk-yield showed a slight fall in February due to the long dry summer, but later heavy rains have so transformed the pastures that it is anticipated that milking will be carried on much later than usual. Another factor in this connection has been the mild autumn. The longer milking-season should thus help the position somewhat. On the other hand, the position of the sheep-farmer is more satisfactory. Although wool showed a sharp drop on the previous season's figures, the prices for fat and store lambs have been good, and the average sheep-farmer should be able to pay his way. The Department is now farming six properties, and it is proposed to put these on the market at an opportune time. These are all sheep-farms. Two were reoflered during the year, but did not find a purchaser. The position with regard to houses is much the same, but there seems a slight change for the better in regard to collection of charges. In a number of cases relief has been given by way of capitalization or extension of mortgage. The securities are generally well maintained, and a fair amount has been advanced for alterations and renovations. WELLINGTON. (H. W. C. Mackintosh, Commissioner of Crown Lands.) As the areas purchased for the settlement of discharged soldiers are to be found right throughout the land district the observations made with regard to general settlement apply equally to these tenants. Many of those following dairying for a living were detrimentally affected by the long spell of hot, dry weather during the summer months. The cows went right off, and returns were consequently considerably curtailed. The drought has not affected the pastoralist to the same extent, but the satisfactory prices received for wool last year have not been maintained and difficulty has been experienced in meeting charges. A rise in prices for run stock, however, compensated matters to some extent. Advantage has been taken in a number of cases of the Unemployment Board's various schemes, and a considerable area of scrub and gorse country has been cleaned up and sown down, and fencing has been erected in most cases to subdivide areas cleared. This has had the direct effect of increasing carrying-capacities. In the Makowhai Settlement a very marked improvement will be effected as a result of drainage operations now being carried out with unemployed labour under the Camp Scheme. NELSON. (A. F. Watees, Commissioner-of Crown Lands.) The prevailing low prices for butterfat and wool makes it particularly hard for the soldier settlers to meet commitments and carry on their farming operations. A few, more favourably situated, who are able to go in for tobacco and hop growing are doing fairly well. Relief by way of remission of rent and interest arrears has been given in a number of cases where it has been shown that the Crown is receiving a fair proportion of farm revenue. Dwelling securities are generally in a fairly satisfactory, position. A few discharged-soldier mortgagors who have been out of work have had relief by way of extension of term, but the majority of dwelling securities are fairly sound. MARLBOROUGH:. (P. R. Wilkinson, Commissioner of Crown Lands.) The past season has been a very poor one for the majority of the soldier settlers as the greater number of them rely on dairying for their income and they have been doubly affected by the poor returns for butterfat and the decline in production owing to the very hot, dry summer. In many cases the returns have only been sufficient to provide a bare living and essential workingexpenses, and there has been little or no margin for meeting annual charges, and it is apparent that sympathetic consideration will have to be extended to many soldier settlers if they are to remain on their properties.

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WESTLAND. (T. Cagney, Commissioner of Grown Lands.) There is little variation to record in the conditions prevailing for the last two years. Soldier settlers engaged in sheep or mixed farming may be expected to meet their year's mortgage charges and show a surplus. The average price of butterfat for the season may be expected to reach 9d. per pound, which will not, however, provide sufficient revenue to enable the whole of the mortgage charges to be met in the cases of those settlers engaged solely on butterfat-production. A rise in butterfat of 2d. or 3d. per pound should place these settlers in a fairly sound position in so far as meeting yearly charges to this Department are concerned. CANTERBURY. (J. F. Quinn, Commissioner of Crown Lands.) The majority of the soldier settlers have had a difficult year owing to the wet autumn and spring, which was followed by a prolonged drought during the summer, and to the low prices ruling, especially for wool and butterfat. OTAGO. (N". C. Kensington, Commissioner of Crown Lands.) There is little to report under this heading. Most settlers are doing their best under difficult circumstances, and there have been few cases of soldier settlers leaving their holdings. Owing to low rates of interest being available, a number of discharged soldiers holding town houses have taken advantage of this fact and discharged the table mortgage. SOUTHLAND. (B. C. McCabe, Commissioner of Crown Lands.) The position of many discharged soldier settlers has shown a considerable improvement during the year, but those engaged principally in dairying are still in difficulties. Further concessions have been granted to dairy-farmers in cases where the farm income was not sufficient to meet full charges after payment of living and working expenses.

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TABLE 1. Total Lands acquired from the Crown by Discharged Soldiers and held at the 31st March, 1935.

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Sale (including Deferred Payment). Lease and License. Grand Totals. Number of Land District. Discharged- Annual Area Purchaser, Hold 1 n? , Ho .l g s. „ Hold t g , licensees. Under the Discharged Soldiers Settlement Act, 1915, and Amendments. Acres £ Acrcs £ Acrcs North Auckland .. 14 13 2,417 3,185 282 281 50,581 9,307 296 294 52,998 Auckland .. 45 45 1,330 15,690 539 532 87,833 25,260 584 577 89,163 Gisborne .. .. 3 3 193 4,725 110 109 53,230 12,970 113 112 53,423 Hawke'sBay .. .. .. .. .. 213 227 84,517 28,601 213 227 84,517 Taranaki .. .. 1 1 2 310 92 91 23,194 6,001 93 92 23,196 Wellington .. 16 16 417 5,873 719 696 164,944 75,020 735 712 165,361 Nelson .. .. 3 3 1,216 1,292 21 21 13,119 1,515 24 24 14,335 Marlborough .. .. .. .. .. 50 51 16,404 3.804 50 51 16,404 Westland .. 1 1 148 150 17 17 19,645 193 18 18 19,793 Canterbury .. 26 26 319 8,953 363 354 217,029 38,872 389 380 217,348 Otago .. .. 4 4 1,935 5,470 98 94 179,073 11,420 102 98 181,008 Southland .. 7 7 1,143 6,255 71 80 11,364 3,752 78 87 12,507 Totals .. 120 119 9,120 51,903 2,575 2,553 920,933 216,715 2,695 2,672 930,053 Under 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 .. .. .. .. .. .. 46 44 41,213 4,300 46 44 41,213 Hawke'sBay .. .. .. .. .. 72 83 33,752 7,668 72 83 33,752 Taranaki.. .. 8 6 1,776 7,479 144 140 59,560 3,832 152 146 61,336 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 .. .. .. .. .. 108 95 233,004 6,073 108 95 233,004 Westland .. 1 1 200 168 65 61 16,434 347 66 62 16,634 Canterbury .. 3 3 56 386 206 212 150,945 21,458 209 215 151,001 Otago .. .. 3 . 3 76 457 205 200 860,571 20,881 208 203 860,647 Southland .. 1 1 127 40 72 87 80,165 2,825 73 88 80,292 Totals .. 82 78 27,477 32,004 1,621 1,580 1,751,661 113,903 1,703 1,658 1,779,138 Grand totals .. 202 197 36,597 83,907 4,196 4,133 2,672,594 330,618 4,398 4,330 2,709,191

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TABLE 2. Statement of Mortgage Transactions, Financial Year ended 31st March, 1935.

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Principal. Interest. 1 u i i- I i | Balance oil Mortgage Balance at ! Ivoeses, JElefoates, j Balance at Di8trict - i QiJnufZh i«<« Advances Rraavments to ., at 31st March, 1935, 31st Maxell, 1934, Charges Receipts Remissions, 131st March, 1935, iXrti™ dmiiSirSr Realization and including Poet- including Post- during Year. during Year. and Transfers to | including | Postponements during iear. other Accounts. ponements. ponements. other Accounts, j Postponements. w -4.V, *• it a * a rl £ 9 d £ s d £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. North Auckland— ii s. . - 33 098 12 5 7,328 17 7 321,231 13 4 21,339 15 2 16,909 1 9 16,769 3 3 1,105 1 10 20,374 1110 Current account .. .. 330,466 1 4 31,193 . 0 33,09» 1. o 6 550 11 10 1,161 333 2 10 67,274 17 11 58,634 7 1 42,926 17 6 12,809 4 6 70,173 3 0 S t2£premises, & c. " KK 9 2 1,220 17 1 «1«» 4 4 15 6 076 6 5_ 16,542 5 6 63,920 0 6 58,419 10 10 7,409 4 1 14,633 11 1 Total 2,858,558 0. 6 33,213 19 1 98,364 12 1 64,766 4 11 2,728,641 2 7 105,156 18 7 139,463 9 4 118,115 11 7 21,323 10 5 105,181 5 11 Auckland 10,209 6 2 357,375 19 5 18,691 6 5 18,941 2 7 14,101 0 6 973 19 3 22,557 9 3 Current account .. .. 369,089 0 7 ,345 19 b 53 953,214 10 5 41,269 3 3 49,137 12 10 41,622 5 4 7,950 18 6 40,833 12 3 :: 317',006 4 8 m 14 4 13 5 l'.« 0 3 5 2 2 4,682 1 2 16,45! 5 0 14.313 9 4 2,950 17 6 3,868 19 4 Total .. 1,667,289 15 8 52,825 13 10 92,399 19 4 20,393 18 2 1,607,321 12 0 64,642 10 10 84,530 0 5 70,036 15 2 11,875 15 3 67,260 0 10 Grisborne—- 13 888 5 5 349 0 9 37,106 10 10 3,357 8 8 2,000 16 7 2,387 17 0 666 10 6 2,303 17 9 Current account .. .. 38,560 15 4 l.,783 I3,88S s 149 ; 959 10 3 8.647 3 9 8,061 12 2 5,765 7 10 3,446 14 11 7,496 13 2 premise &c. :: 119; 5 32 2 2 7 6 3,315 15 9 110,947 18 11 2,513 16 10 5,727 2,8 5,007 1 11 791 18 10 2,441 18 9 Total __ _ 311,427 3 4 12,783 1 8 21,091 9 5 5,104 15 7 298,014 0 0 14,518 9 3 15,789 11 5 13,160 6 9 4,905 4 3 12,242 9 8 Napier— gg4 ? 6,243 11 8 142,050 15 2 15,372 10 9 7,382 19 3 6,590 15 11 2,283 16 0 13,880 18 1 Current account .. g 9 ,' 644 17 g 'og 0 0 0 4'ōl7 7 8 Dr. 4,606 13 10 321,984 3 11 22,621 2 10 15,991 18 10 11,715 2 0 5,832 14 1 21,065 5 7 *c :: m855 6 5 lp',178 3 4 0 0 3 1 4,704 .3 2 13,621 8 0 12.692 !8 3 1.620 2 5 4.012 10 6 Total 747,768 4 9 57,270 13 10 68,689 18 7 6,642 17 10 729,706 2 2 42,697 16 9 36,996 6 1 30,998 16 2 9,736 12 6 38,958 14 2 Taranaki— 9 7 63 006 13 3 1,541 5 6 102,507 8 8 4,272 8 10 6,162 11 6 5,716 11 1 342 9 9 4,375 19 6 Current account .. .. 107,464 17 10 59,o90 bd,OOb § 2 ; 858 16 2 642,182 3 0 30.278 17 8 30,927 -2 4 27,153 2 6 6,540 4 0 27,512 13 6 I: 5 11 27 5 5 13',759 6 11 Dr. 1,036 6 9 229,341 11 2 1.634 14 0 10,716 .8 3 11,003 16 3 Dr. 329 4 1 1,676 10 1 Total __ _ 1,004,139 14 7 59,617 15 0 86,362 11 10 3,363 14 11 974,031 2 10 36,186 0 6 47,806 2 1 43,873 9 10 6,553 9 8 33,565 3 1 Wellington- - 2 |g Q 3Q1 055 13 g 17;S39 17 2 16,078 13 8 16.127 14 3 3,886 6 1 13,604 10 6 Current account .. .. 305,886 15 1 74,039 11 , , 797,869 4 5 39,158 0 9 39,984 7 4 33,503 6 2 15,483 7 2 30,155 14 9 Sik g TtS;stW-,&c. :: 1,™J 8 I 3,285 111 Bs'.mU 7 7,718 8 5 987,014 7 I 8.500 8 11 51,634 5 5 46.9 52 5 11 4,701 5 11 8,481 2 6 Total _ .. 2,163,745 14 6 77,474 13 0 142,406 5 4 12,874 16 11 2,085,939 5, 3 65,198 6 10 107.697 6 5 96,583 6 4,24,070 19 2 52,241 7 9

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SUMMARY.

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account 18,655 11 9 4,924 14 4 6,935 19 5 Dr. 4,889 1 3 | 21,533 7 11 3,120 16 8 I 1,177 3 7 312 11 3 464 10 4 3,520 18 8 Farms, orchards, &c 191,159 16 3 202 10 0: 2,116 3 10 ' 9,752 17 11, 179,493 4 6 12,400 8 7 9,088 2 0 4,924 0 6 4,029 li 8 12,534 17 o Dwellings, business premises, &o. .. 64,666 4 5 .. j 2,862 6 4 1,705 9 7 60,098 8 6 6bb 9 1 3,101 8 2 2,739 7 6 258 8 9 Total .. .. .. 274,481 12 5 5,127 4 4 11,914 9 7 6,569 6 3 | 261,125 0 11 16,187 14 4 13,366 13 9 7,975 19 3 4,752- 11 9 16,825 17 1 __ | I Current account .. .. 56,674 11 7 7,144 8 10, 9,368 8 6 7,165 3 5 47,285 8 6 4,380 3 7 2,504 18 0 1,726 14 2 279 17 4 4,878 10 1 Farms, orchards, &c. .. .. 270,138 4 6 .. i 5,402 10 7 Dr. 531 0 3 265,266 14 2 15,336 6 2 13,485 13 9 8,769 11 5 2,874 8 10 17,177 19 8 Dwellings, business premises, &c. .. 42,406 4 10 100 0 0 | 2,208 16 0 423 6 7 j 39,874 2 3 380 7 o 2,Pol 4 7 1,936 8 11 139 8 3 355 14 10 Total 369,219 0 11 7,244 8 10 16,979 15 1 7,057 9 9 j 352,426 4 11 20,096 17 2 18,041 16 4 12,432 14 6 3,293 14 5 22,412 4 7 H °CuSn7account .. .. 17,812 15 6 3,499 6 8 3,332 8 4 2 10 3 17,977 3 7 J.784 18 10 926 15 8 803 14 8 34 19 3 1,873 0 7 Farms orchards &c 71 953 10 7 .. 742 16 1 Dr. 290 18 0 71,o00 12 6 6,874 17 10 3,o34 8 5 2,187 19 7 868 18 7 7,3o2 8 1 Dwellings, business premises, &e. !! 6 5 .. 752 10 11 16 10 10 15,074 4 8 310 15 2 764 9 7 762 13 2 42 16 10 269 lo 9 Total .. .. .. 105,609 12 6 3,499 6 8 4,827 15 4 Dr. 270 16 11 104,552 0 9 8,970 11 10 5,225 13 8 3,754 7 5 946 .13 8 9,495 4 5 Canterbury , ~ ah a 702 10 4 113,566 3 4 15,644 0 11 6,462 5 4 5,678 10 10 1,509 0 2 14,918 15 3 Current account .. .. 128,398 9 7 97,432 18 1 , 7 4,702 10 4 d 29,667 16 10 15,629 111 54,307 10 11 SS'U, & c.:: 767:600 'I Itl l l ? jg if i$l is I *11:™ 12 0 15 6 37470 3 5 3 4,48 3 1« 2 4 ,i« 1« 9 8 , 9 4i , 0 Total .. .. .. 1,737,692 14 9 98,262 15 0 161,004 17 11 6,859 2 9 1,668,091 9 1 83,377 4 8 85,912 10 2 69,830 3 10 21,291 18 10 78,167 12 2 Oi Qf) 125 0 10 1 413 3 1 46,712 4 10 6,149 12 1 2,406 1 9 2,903 0 2 361 1 0 o,391 12 8 Current acc ui .. .. > " 8 505 17 4 l'364 12 1 286,294 12 5 24,836 15 1 14,491 4 10 12,180 9 4 7,662 3 4 19,385 7 3 25S 1 ? 1 ? 829 2 0 20|988 \l 5 '1o8 S 2 4 0 l',309 7 9 12,459 4 8 H.484 14 3 1,357 1 5 926 16 9 Total 602,086 16 1 30,819 4 1 | 59,619 16 7 3,086 2 4 | 570,200 1 3 32,295 14 11 29,356 11 3 26.568 3 9 9,380 5 9 25,703 16 8 Southland 76,031 0 7 9,771 4 6 4,284 2 8 3,641 10 3 1,823 2 0 8,590 14 11 Current account .. .. 84,13o 1 0 32,474 0 4 36,988 3 3 589 11 b Q 11>916 13 5 i 0 ,787 17 7 22,826 11 3 Dwellings, 0 business premises, &c. .. 98^474 14 7 156 8 1 9,635 7 2 Dr. 866 5 10 89,862 1 4 1,235 13 6 4,604 3 11 4,271 10 8 264 14 2 1,303 12 7 Total .. .. 536,133 3 5 32,630 8 5 53,976 8 0 J 4,664 7 10 510,122 16 0 39,325 17 3 26,100 9 7 19,829 14 4 12,875 13 9 32,720 18 9

Name of Account. n , . i cn AQj. iq in 4-6? 096 6 7 485 438 17 6 43 238 18 0 1,584,433 9 11 121,424 3 7 85,236 12 4 76,759 3 4 13,720 13 6 116,270 19 1 Curren accoun .. .. .. , <> 2 284: 5 9 104 272 ]4 9 17',833 2 8 6,004,674 6 3 354,341 1 4 302,828 14 0 232,332 12 5 94,015 6 1 330,821 16 10 Dwellings, 0 business premises," &c. '' 16 8 11 5 6 10 180,039 19 8 4,301,063 1 7 52,888 18 0 222,221 4 2 204,067 13 2 23,350 9 10 47,681 19 2 Grand totals .. .. 12,378,151 13 5 470,769 3 9 817,637 19 1 141,112 0 4 11,890,170 17 9 528,654 2 11 610,286 10 6 513,159 8 11 131,006 9 5 494,774 15 1 i ' j

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DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1935. Receipts. Payments. To Balance as at Ist April, 1934 — £ s. d. £ s. d. By Annual appropriations— £ s. d. £ s. d. Cash .. .. .. 420,145 9 10 Vote Expenses of ManageImprests outstanding .. 7,630 13 2 ment — Investments Account .. 192 10 7 Administration .. .. 38,850 0 0 — 427,968 13 7 Advances to civilian mortReceipts in respect of ad- gagors, repairs to provances, &c. — perties, &c.— Repayments of principal— Current account advances 2,879 15 11 Current Account .. 485,438 17 6 Dwelling advances .. 90 6 5 Farms, orchards, &c. .. 104,272 14 9 Miscellaneous advances 467 16 6 Dwellings .. . . 227,926 6 9 Miscellaneous expenditure Buildings Account .. 484 6 0 on Crown Properties.. 6,874 5 5 Sale of live and dead stock 457 5 1 Capital expenditure on proMiscellaneous advances 4,532 3 8 perties acquired by Receipts on account of Crown — properties held by Freehold .. . . 6,371 2 3 Crown— Leasehold .. .. 130 18 4 Freehold .. .. 11,470 19 9 Payment of instalments on Leasehold .. .. 370 12 4 State Advances mortReceipts from working of gages .. .. 169 7 2 properties acquired by Expenses of working proCrown .. .. 8,218 4 6 perties acquired by Crown 8,531 6 2 Receipts on account of Purchase of live and dead properties in course of stock . . . . 417 19 0 realization .. 10,850 13 3 Payments on account of Sale of properties on de- McGregor Block .. 396 16 1 ferred payment .. 96 9 9 Valuation expenses and fees 5 5 0 Recovery of bad debts 152 8 0 Travelling-expenses of InMerged transactions under spectors of securities .. 779 7 7 section 20, Discharged Expenditure in connection Soldiers Settlement with properties in course Amendment Act, 1923, of realization .. .. 3 11 2 section 20 (3) : Princi- Printing and stationery .. 165 15 0 pal instalments .. 1,006 19 7 Audit fees .. .. 700 0 0 ; 66,833 12 0 855,278 0 11 Advances under sections 6 and Interest and rents — 9, Discharged Soldiers Interest — Settlement Act, 1915 — Current Account .. 76,759 3 4 Current Account .. 459,146 10 8 Dwellings .. .. 204,067 13 2 Farms, orchards, &c. .. 2,264 5 9 Farms .. .. 232,332 12 5 Dwellings, &c. .. .. 6,388 5 0 Buildings .. . . 934 2 7 Miscellaneous advances .. 5,857 9 9 Interest on sales of Expenditure in connection properties on deferred with properties in course payment .. 74 5 8 of realization .. .. 5,427 3 5 Section2o (3) : Interest 479,083 14 7 instalments .. 1,041 13 10 Suspense Account: Amounts Miscellaneous .. 88 15 2 allocated — Rents .. 36,926 17 6 Fire Loss Suspense .. 12,455 7 4 : Suspense Account . . 8,297 11 5 552,225 3 8 20,752 18 9 Miscellaneous receipts .. 460 6 4 Interest recouped to the Con1,407,963 10 11 solidated Fund— Suspense Account: Receipts Interest on debentures . . 143,305 10 1 awaiting allocation — Interest on advances obFire Loss Suspense .. 10,471 1 6 tained by hypothecation Suspense Account .. 11,352 1 6 of securities .. .. 160,658 4 4 21,823 3 0 Interest on transfer from Profit on redemption of securities .. 12 0 0 Consolidated Fund .. 200,000 0 0 Interest on investments .. .. 7,418 4 8 503,963 14 5 Repayment of advances obtained by hypothecation of securities .. .. .. 200,000 0 0 Management charges of Consolidated stock .. 39 5 1 Stamp duty on transfers of consolidated stock 114 8 4 Charges and expenses of raising loans .. 250 0 0 Balance as at 31st- March, 1935— £ s. d. Cash .. .. .. 586,481 18 7 Imprests outstanding .. 7,666 0 5 594,147 19 0 £1,865,185 12 2 £1,865,185 12 2

10

C.-9.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT— continued. Revenue Account for the Year ended 31st March, 1935. To feterestand sundry charges re By Interest on advances- ' ' £ ,d. £ Hypothecation of securities 160 658 4 4 Current Account .. 85,236 12 4 Interest on debentures .. 151644 8 0 nt N ' 3 ° 2 ' 376 2 3 Interest on amount trans- Dwellings .. 222,075 15 6 ferred from Consolidated Merged interests .. 1, 440 5 5 Fund .. ..240,986 6 1 f Interest on redemptions M - tl " '' 85 7 9 from Public Debt Repay- Miscellaneous .. .. 115 11 2 ment Account .. 31,120 0 3 a u- * ~ 612,409 2 8 Management charges of Rents and royalties from properties acquired stock .. .. 39 5 1 by the Crown 48;813 3 10 Stamp duty on transfers .. 114 8 4 Interest on surplus funds temporarily invested 6,705 1 8 Charges and expenses of Profit on disposal of properties .. .. 2,627 11 1 raising loans, &c. .. 250 0 0 " 2 ?J Expenses of management- 584,812 12 1 Miscellaneous " •• 53 0 1 Costs recouped to vote, Profit on working farms acquired by the Crown 70115 0 Lands and Survey . 38,850 0 0 FnZTL' + ' 238 13 11 Rebates .. .. 26 489 8 1 Forfeited deposits .. .. jlO 0 Miscellaneous expenditure ?? fit on redemption of securities .. .. 12 0 0 on Crown properties .. 6,566 7 9 Balance, loss for year, carried down.. .. 172,812 2 1 Audit fees .. .. 700 0 0 Travelling-expenses .. 776 15 9 Printing and stationery .. 165 15 0 Valuation expenses .. 12 8 0 Commission, miscellaneous 68 8 0 73,629 2 7 Remissions— Land Board recommendations .. .. 70,644 13 3 Dominion Revaluation Board 274 19 8 Under Deteriorated Land Act, 1925 .. .. 25 11 2 Under Mortgagors and Tenants Relief Act, 1933 .. 3,519 7 5 — 74,464 11 6 Reduction in value of securities— Losses on realization : Writ-ings-off in Suspense .. 77,436 1 8 Losses on properties acquired by the Crown .. 33,313 14 7 Reduction of mortgages, &c., by Dominion Revaluation Board .. 651 11 8 Depreciation in value of of Native lease: McGregor Block .. 363 8 9 111,764 16 8 £844,671 2 10 £844,671 2 10 £ s. d. £ s d To Balance: Loss for year brought down .. 172,812 2 1 By Adjustment previous year 10 19 0 Balance forward from previous year .. 740,810 11 6 ' Balance : Accumulated loss to 31st March, 1935 913,611 14 7 £913,622 13 7 £913,622 13 7 3—C. 9.

11

o.—9i

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT —continued. Balance-sheet as at 31st Makch, 1935. Liabilities. Assets. Capital £ s. d. £ s. d. Advances on mortgages— £ s. d. £ s. d. Transfer from Consoli- Current account ..1,583,733 9 11 dated Fund at 4 per Farms, orchards, &c. .. 5,739,78« 12 0 cent. •• 13,500,000 0 0 Dwellings, business preReduction under section mises, &c. .. .. 4,1/4,322 4 8 22, Finance Act, 1927 Si ' . 11,497,842 6 7 (No. 2) .. .. 2,650,000 0 0 Land leased under sections 4 and 5 ol Uischarged Soldiers Settlement Amendment 10,850,000 0 0 Act, 1921-22 .. .. .. •• 442,597 411 Tprs rem id as oer Buildings: Unpaid purchase price (not yet payFinance Act 1931 able) of buildings on Crown properties .. 21,475 10 3 (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) .. 31,774 6 4 Depreciation Fund .. ' 46,160 0 0 Deferred-payment sales under section 9, DisRedemptions from Public charged 'Soldiers Settlement Amendment Debt Repayment Ac- Act, 1921-22 1,709 13 9 PnilTl t . 778.016 19 8 Realization Account: Properties m course ot Debentures issued (at 31 realization .. .. •• ■■ 211,483 16 11 percent., £416,130; at Properties acquired by the 3| per cent,, £136,500; at Crown— £ s ; d " 4 per cent., £2,956,880; Freehold .. ..614,984 14 0 at 5 per cent., £255,495 Leasehold .. .. 88,4b3 17 3 „ n „.. a1l „ 16s. Bd.; at 5} per cent., — ™ £ £500) .. •• 3,765,505 16 8 Live-stock, &c. .. .. .. •• 13,088 11 A Hypothecation of securi- Current Account Advances Suspense. Secties, section 7 (2), Fi- tion 3 (3) (6), Discharged Soldiers Settlement nance Act, 1931 (No. 4), Act, 1924 .. .. . • • • 700 0 0 at 3 per cent. .. 3,850,000 0 0 Sundry debtors for principal 14,439,682 16 4 instalments — £ s. d. Sundry creditors for interest— Farms Account .. ..196,049 13 4 Interest due and unpaid Dwellings Account .. 0 5 on debentures .. 484 15 8 Merged transactions .. 1,550 14 10 Interest due and unpaid Buildings Account .. 1,989 15 8 on transfer from Con- Deferred-payment sales .. - 0 - solidated Fund .. 875,884 18 7 323,038 4 5 Interest accrued on trans- Sundry debtors for interest fer from Consolidated Current account .. ..109,651 3 0 Fund .. •• 19,726 0 7 Farms Account .. .. 253,220 1 5 Interest accrued on de- Dwellings Account .. 46,253 5 2 bentures .. .. 39,770 18 11 Merged transactions .. 3,049 6 1 Interest on redemptions Buildings Account .. 1,532 12 1 from Public Debt Re- Deferred-payment sales .. 18 13 6 payment Account .. 68,630 10 7 Miscellaneous advances .. 67 13 4 Interest paid from Con- , 413 > 792 14 7 solidated Fund .. 917 14 10 Sundry debtors for 1,005,414 19 2 Rents of properties .. 48,498 17 1 Sundry creditors — Miscel- Miscellaneous advances .. 2,825 17 5 laneous services— Departmental .. .. 1,370 17 4 Miscellaneous.. .. 7,666 1 3 52,695 11 10 Departmental .. .. 34 16 0 Postponements — 7,700 17 3 Under Discharged Soldiers State Advances Office : Mortgages taken over. . 712 1 7 Settlement Acts, &c. — Miscellaneous credit balances on Instalments of principal debtors'accounts Farms .. .. 63,252 18 5 Advances— £ s. d. Dwellings .. .. 3,075 8 3 Current account .. .. 4,519 4 4 Buildings .. .. 40 14 7 „„ „„„ , „ Farms, &c 8 16 2 66,369 1 3 Dwellings .. .. 10 11 6 InterestPrincipal instalments — Current account .. 5,882 3 1 Farms, &c. .. .. 597 14 8 Farms .. .. 73,126 18 0 Dwellings, &c. .. 752 1 7 Dwellings .. .. 1,316 11 0 Buildings .. •• 6 8 6 Buildings .. .. 31 12 7 Miscellaneous advances .. 410 22 Rent .. .. 2,749 8 3 Principal instalments : Sales on 83,10b deferred payment .. .. 10 0 0 Under Mortgagors and TenInterest * an^s Relief Act, 1933 — Current account .. .. 81 3 6 Instalments of principalFarms, &c. .. .. 2,872 10 0 Farms .. .. 5,284 13 0 Dwellings .. .. 860 17 0 Dwellings .. .. 219 8 3 Buildings .. .. 18 911 5,504 I S Miscellaneous .. .. 0 111 Interest — Rents .. .. .. 281 15 10 Farms .. .. 4,474 17 5 10,430 6 3 Dwellings .. .. 112 3 0 Current account .. 737 13 0 5,324 13 5 Carried forward .. .. 15,463,941 0 7 Carried forward .. .. 13,873,951 0 11

12

C.—9.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT —continued. Balance-sheet as at 31st March, 1935—continued. £ s. d. £ s> Brought forward .. .. 15,463,941 0 7 Brought .. .. 13,873,951 011 Rente charges in advance .. .. 5,821 6 7 Interest on advances accrued but not due .. 98,070 16 6 Interest charged in advance .. .. 132 310 Interest on investments due and unpaid .. 01« S Suspense Accounts— Losses in Suspense .. .. ■ • 44,04S 11 J Fire Loss Account .. .. 5,920 2 7 Cash balance— 1 ' Receipts unallocated ..3,442 16 1 In Public Account ..586,481 18 7 Surpluses on realization not yet Imprests outstanding .. 7,bbb 0 6 1Q „ allocated .. .. 525 0 7 qiq'rii ii n 9,887 19 3 Revenue Account: Accumulated loss .. 913,611 14 7 Writings-off in Suspense 44,048 11 9 Accumulated losses written off under section 22, Liabilities discharged under section 22, Finance Finance Act, 1927 (No. 2) .. 5 > Act, 1927 (No. 2), to write off accumulated losses, as per contra .. .. •• 3,969,759 10 11 £19,493,590 12 11 £19,493,590 12 11 W. Robertson, Under-Secretary for Lands. Wm. 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.—J. H. Fowler, Deputy Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (760 copies), £18 10s.

By Authority: G. H. Loney, Government Printer, Wellington. —1935.

Price 6d.]

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