2

C—s

Negotiations are in progress for the purchase of other estates in Auckland, Hawke's Bay, Wellington, Nelson, Canterbury, and Otago. c Prime Cost. A summary of the transactions is as follows : — urn r ' £ Estates purchased to 31st March, 1906 .. 158 985,623 4,124,313 Estates purchased during 1906-7 .. .. 8 9,644 117,328 166 995,267 4,241,641 Acquired at 31st March, 1907, but not paid for nor prepared for selection .. .. 10 63,080 357,181 The Land for Settlements Account now stands as under : — Or £ Gr. £ Debentures current .. .. 5,105,857 I Purchase-money .. .. 4 >241,641 Rents, &c, received .. .. 1,184,279 Incidental expenses .. .. 1 Interest .. 907,091 Sinking fund .. .. •• 50,165 Balance 729,322 £67290,136 £6,290,136 The usual tables are appended, including one furnished by the Under-Secretary oi Lands showing the condition of estates already settled. I have, &c., A. Barron, Land Purchase Inspector, Chairman of the Board of Land Purchase Commissioners. The Hon. Robert MoNab, Minister of Lands.