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Rangitaiki Land Drainage Account. Statement of Transactions during the Year ended 31st March, 1918. Receipts. £ s. d. Expenditure. £ s. d„ Balance brought forward at Ist April, 1917 1,175 17 9 Drainage-works, stop-banks, clearing Debentures issued under Rangitaiki Land channels, and other expenditure inDrainago Act, 1910 .. .. 22,000 0 0 cidental to drainage operations .. 17,179 7 10Cash recoived from Land for Settlements Machinery and plant, &c. .. .. 296 14 S Account under section 8, Rangitaiki Management and engineering expenses Land Drainage Act .. .. 2,200 0 0 from inception of work .. .. 2,939 2 6 Thirds and fourths .. .. .. 615 0 Travelling-expenses, &c. .. .. 199 3 2 Rates recoived, year 1917-18 .. .. 145 3 9 Compensation for purchase of Native land under section 8 of the Rangitaiki Land Drainage Act .. .. 618 2 11 Refund of prepaid rates .. .. 24 15 3 Cost of printing debentures .. .. 0 14 0 Balance in hand .. .. .. 4,269 16 2 £25,527 16 6 £25,527 16 & Balance-sheet. Liabilities. £ s. d. Assets. £ s. d.. Debentures issued under Rangitaiki Land Drainage-works — Expenditure in conDrainago Act, 1910 .. .. 120,000 0 0 nection therewith, including wages, Consolidated Fund — supplies, administration, and engineerInterest paid on debentures .. .. 7,825 3 8 ing expenses .. .. .. 100,963 7 1 Portion of loan repaid .. .. 608 15 0 Redemption of debentures issued by Native-land purchases — Balance owing Rangitaiki Land Drainage Board. for settlement of claims under sec- £2,000, and interest paid thereon, £100 2,100 0 0 tion 8 .. .. .. .. 714 19 11 Interest on debentures recoverable from Accumulated thirds and fourths .. 1,659 311 ratepayers (Consolidated Eund, £7,825 3s. Bd. ; Rangitaiki Land Drainage Account, £7,224 7s. 7d.) .. .. 15,049 11 3 Machinery and plant, &c. .. .. 8,206 1 2 Loan Repayment Account— Rangitaiki Land Drainage Account .. .. £241 5 0 Consolidated Eund .. 608 15 0 850 0 0 Land for Settlements Account —Balance owing under section 8 .. .. 20 0 0 Cash in hand.. .. £4,269 16 2 Less prepaid rates .. £505 9 5 Rates, 1917-18 145 3 9 650 13 2 3,619 3 0 £130,808 2 6 £130,808 2 6 • J. H. O'DONNELL, Chief Accountant.

Approximate Cost of Paper. —Preparation, not given ; printing (950 copies), £5.

Authority : Marcus F. Marks, Government Printer, Wellington.— l9lß.

Price 3d.]