9

C—3

Whakarewarewa Plantation, from 1898 to Slst March, 1918 — Twenty Years. Dr. £ 8. d. £ s. d. Gr. £ s. d. £ s. d. Actual expenditure .. 66,505 7 5 Actual receipts— Interest, compound, at 4 Sale forest percent. .. .. 2.'!,f>85 1 4 material £1,457 17 3 — 90,190 8 9 Sundries 141 18 3 Trees from nursory .. 22,942 13 5 1,599 15 6 Interest, compound, at 4 Interest, compound, at 4 percent. .. .. 7,860 19 1 percent. .. .. 64 11 3 30,803 12 6 — 1,664 6 8 Land rental— Present value of— Accumulated rental compounded for Buildings, foncing, &c. 3,816 5 2 twenty yoars at 4 per cent, of cost .. 2,937 3 0 Departmental property 143 14 1 3,959 19 3 Balance, being debt on 7,96634 acres at average of £14 17s. per acre .. 118,306 18 3 £123,931 4 3 £123,931 4 3 Waiotapu Plantation, from 1899 to Slst March, 1918 — Nineteen Years. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. Actual expenditure .. 54,621 6 7 Actual receipts— Interest, compound, at, 4 Sale forest percent. .. .. 22,081 12 4 material £417 17 0 — 76,702 18 11 Sundries 3 12 0 Trees from nursory .. 28,569 0 9 — 421 9 0 Interest, compound, at 4 Interest, compound, at 4 percent. .. .. 9,841 5 1 percent. .. .. 715 10 - 38,410 5 10 429 4 10 Land rental— Present value of — Accumulated rental compounded for Buildings, foncing, &c. 3,146 9 6 nineteen years at 4 per cent, of cost 2,209 18 7 Departmental property 318 16 11 3,465 6 5 Balanco, being debt on 7,704-43 acres at average of £14 14s. 6d. per acre .. 113,428 12 1 £117,323 3 4 £117,323 3 4 Kaingaroa Plains Plantation, from, 1911 to 31st March, 1918 — Seven Years. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. Actual expenditure .. 18,699 12 5 Actual receipts—Sundries 124 4 0 Interest, compound, at 4 interest, compound, at 4 percent. .. .. 2,982 17 11 percent. .. .. 13 8 3 21,682 10 4 137 12 3 Trees from nursery .. 17,215 13 8 Present value of — Interest, compound, at 4 Buildings, fencing, &c. 3,589 1 3 percent. .. 861 4 0 Departmental proporty 515 211 — 18,076 17 8 4,104 4 2 Land rental— Balance, being debt on 4,922-29 acres at Accumulated rontal compounded for average of £7 15s. per acre .. 38,151 19 2 seven years at 4 per cent, of cost 2,634 7 7 £42,393 15 7 £42,393 15 7 Puhipuhi Plantation, from 1904 to 31st March, 1918 — Fourteen Years. Br. £ s. d. £ s. d. Or. £ s. d. £ s. d. Actual expenditure .. 12,960 12 5 Actual receipts—Sundries .. .. 18 0 0 Interest, compound, at 4 Present value of— percent. .. .. 5,334 0 4 Buildings, fencing, &o. .. 365 010 18,294 12 9 Departmental property .. 38 12 2 Trees from nursery .. 3,392 4 8* 403 13 0 Interest, compound, at 4 Balance, being debt on 1,200 acres at percent. .. .. 1,123 1 0 average of £18 17s. 2d. per acre .. 22,627 3 0 r 4,515 5 8 Land rentalAccumulated rental compounded for fourteen years at 4 per cent, of cost 238 17 7 £23,048 16 0 £23,048 16 0 • £2,346 18s. 6d. of tills amount is the value of trees received from the lluatangata Nursery, which was closed down In 1910.

2—C. 3.