8.-6

12

Table STATEMENT of the RECEIPTS and EXPENDITURE of the LAND FOR SETTLEMENTS

1903-1904. RECEIPTS. 1904-1905. £ s. d. £ s. d. £ s. d. 38,352 1 5 2,722 18 4 325,000 0 0 Balance at beginning of Year, — Cash in the Public Account Advances in hands of Officers of the Government— In the Colony .. .. .. .. Investment Account 93,069 19 2 588 19 7 325,000 0 0 418,658 18 9 366,074 19 9 The Land for Settlements Consolidation Aot, 1900,— Provision for Debentures due 1st April, 1904 (£250,000), and 1st May, 1904 (£527,950)— Debentures sold.. Debentures issued in renewal 456,100 0 0 330,450 0 0 786,550 0 0 Provision for Debentures due 1st November, 1904 (£21,000) — Debentures sold.. Debentures issued in renewal 2,400 0 0 18,600 0 0 Provision for Debentures due 1st February, 1905 (£415,000)— Debentures sold.. Debentures issued in renewal 21,000 0 0 115,400 0 0 299,600 0 0 415,000 0 0 Debentures Bold for purchase of estates Temporary advances against Debentures issued to provide for the redemption of maturing securities 730,200 0 0 584,500 0 0 511,350 0 0 Proceeds of Sorip and Debentures 511,350 0 0 150,406 18 5 Receipts derived from Estates, — Rents, &c. 149,606 0 11 13,608 11 3 Other Receipts,— Interest on Investments held by the Land for Settlements Investment Account.. 12,875 0 0 2 2 0 0 10 0 2 3 10 3 16 8 Credits in reduotion, — Albury Estate Braco Estate Highbank Estate Langdale Estate Okauia Estate Orakipaoa Estate 2 13 0 10 6 0 10 6 10 13 9 8 0 0 50 15 3 30 6 3 316 2 0 63 2 6 Recoveries, — Epuni Estate Chamberlain Estate Hekeao Estate Kapua Estate Kohika Estate Langdale Estate Lyndon Estate Maungaraki Estate Opouriao Estate Rapuwai Estate 23 13 0 3 5 0 622 18 5 20 0 0 8 0 0 669 16 5 476 6 0 ,041,927 9 2 Carried forward 3,119,060 6 7