B.—l [Pt. IV, Sup. A].

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1923. Liabilities. Assets. £ s. d. Capital— £ s. d. £ s. d. Land .. .. .. .. 9,374,802 12 9 Loan Account .. 8,756,554 4 8 Land Purchase suspense .. .. 350 2 6 Loans redeemed Advances .. .. .. 155 11 0 from Consolidated Unpaid purchase-price (not yet payFund .. .. 51,800 0 0 able) of buildings .. .. 101,971 0 8 Crown lands in- Plant and machinery .. .. 3,040 8 0 eluded in estates 205,132 0 0 Furniture and fittings —Land Purchase Sales of Crown land 1,485,375 7 8 Board.. .. .. .. 27 0 0 : 10,498,861 12 4 Mechanical office appliances .. 23 0 0 Interest on loans .. .. .. 108,988 8 1 Teviot Estate — Deposits from Lessees of Crown lands Stock and implements, &o. .. 41,577 16 7 under section 191, Land Act, 1908 .. 4,503 10 6 Improvements .. .. .. 694 8 0 Railway maintenance, Makareao Lime- Clifton Estate— works .. .. .. .. 165 5 8 Stock and implements, &e. .. 5,315 18 4 Unpaid miscellaneous services— Improvements .. .. .. 1,526 9 8 Toviot .. .. .. .. 31 11 0 Working suspense .. .. 5,142 12 6 Clifton .. .. .. .. 43 10 0 Opening up Crown land for settleSundry creditors — ment—Amount set aside (including Rents in advance .. .. .. 1,553 10 0 interest) under section 63, Land Section5 — Laws Amendment Act, 1913) .. 464,578 5 0 Principal instalments .. .. 279 2 1 Sundry debtors for— £ s. d. Interest on deferred payment .. 1 10 9 Rents, &e. .. 202,099 18 3 Land for Settlements— Less reserve for Principal instalments .. .. 6,829 14 3 irrecoverable Interest on deferred payment .. 18 9 rents . . 2,500 0 0 Public Works Fund .. .. 2,759 17 6 199,599 18 3 Principal instalments on buildings .. 5 17 0 Principal instalment on buildings .. 6,734 18 4 Miscellaneous .. .. .. 4,375 7 6 Insurance premiums .. .. 45 10 4 Miscellaneous—Clifton .. . . 0 8 6 Section 5— Miscellaneous —Toviot .. .. .84 0 0 Sales .. .. .. 235,016 14 1 Sinking Fund reserve .. .. 1,089,219 10 1 Principal instalments .. .. 8,598 15 11 Depreciation reserve.. .. .. 179 16 6 Deferred-payment interest .. 6,579 17 2 Rents written off suspense .. .. 6,164 0 3 Land for Settlements— Reservo Account, including unexpended Sales .. .. .. 554,113 3 10 loading for roads, &c. .. .. 484,834 2 0 Principal instalments .. .. 20,163 7 5 Balance of Revenue Account .. .. 89,745 19 11 Deferred-payment interest .. 9,106 14 6 Miscellaneous .. .. .. 341 6 3 Interest on investments .. .. 215 3 0 Rates .. .. .. . . 39 9 5 Postponed rent . . .. .. 42,280 7 1 Rents written off suspense . . .. 6,164 0 3 Pihautea water-supply .. .. 6 14 8 Sinking fund— Section 4, Finance £ s. d. Act, 1919 .. 33,079 19 8 Section 26, State Advances Act, 1913 . . . . 1,056,139 10 5 1,089,219 10 1 Cash in Public Account .. .. 91,172 19 1 Imprests outstanding 74 1 6 Investment Account 29,350 0 0 120,597 0 7 £12,298,628 2 8 £12,298,628 2 8 J. B. Thompson, Under-Secretary. J. H. O'Donnell, Chief Accountant. I hereby cortifj r that the Revenue Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that (1) The Revenue Account includes rents due to 30th June, 1923; (2) the accounts have been compiled from copies of journal entries of the District Land Offices sent to Head Office; (3) separate trading accounts for the Toviot and Clifton Estates should be included ; (4) the accounts do not include any charge for interest on capital represented by the item £1,485,375 7s. Bd., value of Crown lands sold.- Gr. F. C. Campbell, Controller and Auditor-General. Note. —(4.) The proceeds from sales of Crown lands have been regarded as free capital for the Land for Settlements Account for reinvestment in the purchase of other lands (Land Laws Amendment Act, 1912, section 5). —J. H. O'Donnell, Chief Accountant.

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