15

0.—3

by prison, labour, and at Waireka Camp, by returned soldiers. A small amount of planting will also be done at Puhipuhi Plantation. The staff of officers is still very short, and it is hoped that this will be, remedied to some extent by the return of an officer who has been absent with the Expeditionary Forces and by the appointment of another. The appointment of several experienced officers is a matter which should receive early consideration. All officers are to be commended for their enthusiasm and industry displayed in carrying on the work during the last year of the war. Herewith are balance-sheets showing the financial position of the several stations in the North Island, followed by reports upon each of these stations: — Balance-sheets. Rotorua Nursery, from 1898 to 31st March, 1919 — Twenty-one Years. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Actual expenditure .. 75,126 10 10 Actual receipts .. 2,576 11 6 Interest, compound, at 4 Interest, compound, at 4 percent. .. .. 34,675 19 1.0 percent. .. .. 259 7 6 109,802 19 8 2,835 19 0 Land rental— Trees to plantations .. 74,505 6 6 Accumulated rental compounded for Interest, compound, at 4 twenty-one years at 4 per cent, of cost 107 8 4 percent. .. .. 22,169 1 3 96,674 7 9 Present value of— Buildings, fencing, &c. 3,723 15 5 Departmental property 2,205 0 7 5,928 16 0 Trees in stock (at valuation) .. 4,471 5 3 £109,910 8 0 £109,910 8 0 Whakarewarewa Plantation, from 1898 to 31st March, 1919 — Twenty-one Tears. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Actual expenditure .. 70,368 0 7 Actual receipts—■ Interest, compound, at 4 Sale of forest £ s. d. percent. .. .. 27,447 3 9 material 1,771 I 3 97,815 4 4 Sundries 235 18 1 Trees from nursery .. 23,273 1 9 — 2,006 19 4 Interest, compound, at 4 Interest, compound, at 4 percent. .. .. 9,093 2 0 percent. .. .. 131 2 8 32,366 3 9 2,138 2 0 Land rental— Present value of— Accumulated rental compounded for Buildings, fencing, &,c. .. 3,510 12 3 twenty-one years at 4 per cent, of cost 3,163 9 3 Departmental property .. 122 17 8 3,633 9I I Balance, being debt on 7,966 acres at average of £16 os. 3d. per acre .. 127,573 5 5 £133,344 17 4 £133,344 17 4 Waiotapu Plantation, from 1899 to Slst March, 1919—Twenty Tears. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. Actual expenditure .. 59,882 4 8 Actual receipts— Interest, compound, at 4 Sale of forest £ s. d. percent. .. .. 25,360 3 5 material 455 17 0 85,242 8 1. Sundries 3 12 0 Trees from nursery .. 30,336 16 3 459 9 0 Interest, compound, at 4 Interest, compound, at 4 percent. .. .. 11,377 13 4 percent. .. .. 24 19 3 41,714 9 7 484 8 3 Land rental— Present valuo of— Accumulated rental compounded for Buildings, fencing, &e. .. 3,610 17 2 twenty years at 4 per cent, of cost .. 2,404 10 0 Departmental proporty . . 443 7 0 4,054 4 2 Balance, being debt on 8,454 acres at average of £14 15s. 4d. per acre .. 124,822 15 3 £129,361 7 8 £129,361 7 8 Kaingaroa, Plains Plantation, from 1911 to Slst March, 1919 — Bight Tears. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. Actual expenditure .. 22,680 18 11 Actual receipts —Sundries 131. 14 0 Intorest, compound, at 4 Interest, compound, at 4 percent. .. .. 4,009 9 0 percent. .. .. 18 18 4 26,690 7 11 150 12 4 Trees from nursery .. 19,778 2 4 Present valuo of— Intorest, compound, at 4 Buildings, fencing, &c.. . 4,054 14 3 percent. .. .. 1,584 5 6 Departmental property 561 1.0 0 21,362 7 10 4,616 4 3 Land rental — Balanco, being debt on 6,007 acres at Accumulated rental compounded for average of £7 14s. 4d. per acre .. 46,359 5 9 eight years at 4 per cent, of cost .. 3,073 6 7 £51,126 2 4 £51,126 2 4