5

8.--1 [PT. IV, Sup. B],

BANK OF NEW ZEALAND SHARES ACCOUNT. Income and Expenditure Account for Period 28th November, 1895, to 31st March, 1924. Expenditure. £ s. d. Income. * £ s. d. To Interest on consolidated stock .. 614,673 6 4 By Dividends received and declared to Management charges on consolidated 31st March, 1924, credited Consolistock.. .. .. .. 6,431 10 0 dated Fund .. .. .. 1,502,836 7 5 Charges and expenses of raising loans 15,100 0 0 Excess of income over expenditure.. 866,631 11 1 £1,502836 7 5 £1,502,836 7 5 Balance-sheet as at 31st March, 1924. Liabilities. A ssets. Capital Account — £ s. d. Bank of Now Zealand shares— . £ s. d. New Zealand consolidated 500,000 preference "A " shares stock-- £ (nominal value).. .. .. 500,000 0 0 3 J per cent. .. ..515,100 1,000,000 preference "B" shares 4 per cent. .. .. 375,000 (nominal value).. .. .. 1,000,000 0 0 . Dividends declared to 31st March, 1924, 890,100 but not paid .. .. .. 62,435 13 9 Ordinary Revenue Account— Treasury Adjustment Account .. 826,178 14 4 Investment Account .. 375,000 1,265,100 0 0 Capital Reserve Account—■ Bonus shares (375,000 pre-ference-*'B " shares) .. 375,000 Less premium on 37,500 "B " preference shares purchased in 1914 .. 125,000 250,000 0 0 Accrued interest on consolidated stock.. 6,882 17 0 Excess of income over expenditure .. 866,631 11 1 £2,388,614 8 1 £2,388,614 S I J. J. Esson, Secretary to the Treasury. 1 hereby certify that the Income and Expenditure 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. G. F. C. Campbell, Controller and Auditor-General. CHEVIOT ESTATE ACCOUNT. Revenue Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Remissions of rent .. .. .. 18 9 By Accrued rent .. .. .. 19,362 16 3 Rents written off Suspense .. .. 186 4 0 Interest on investments .. .. 7,959 4 2 Rebates granted .. .. .. 1,705 16 9 Profit on sale of British War Loan stock 519 4 1 Management expenses of inscribed stock .. . . .. .. 75 1 3 Administration expenses .. .. 1,088 17 5 Interest on inscribed stock .. .. 8,890 8 I Balance carried down .. .. 15,893 8 3 £27,841 4 6 £27,841 4 6 £ s. d. £ s. d. To Sinking Fund Reserve .. .. 461 10 8 By Balance brought down .. .. 15,893 8 3 Balance ~ .. .. .. 229,691 16 4 Balance from previous years .. 214,259 18 9 £230,153 7 0 £230,153 7 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ , s. d. Inscribed stock under Now Zealand Loans Land .. .. .. .. 392,300 0 0 Act, 1908 .. .. .. .. 253,318 0 0 Unpaid purchase price (not yet payable) Interest due on inscribed stock .. 2,186 3 2 of buildings .. .. .. 219 0 Appreciation of Assets Reserve .. 120,162 0 0 Sundry debtors for rents .. .. 2,128 18 6 Sinking Fund Reserve .. .. 1,778 16 2 Rents written off Suspense .. .. 563 19 0 Rents paid in advance .. .. 74 12 6 Sundry debtors for interest on investments 2,582 13 7 Rents written off Suspense .. .. 563 19 0 Sinking fund .. .. .. 1,778 16 2 Balance of Revenue Account .. .. 229,691 16 4 £ s. d. Cash in Public Account 5,778 0 11 Investment Account .. 202,640 0 0 208,41.8 0 11 £607,775 7 2 £607,775 7 2 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Chief Accountant. I hereby certify that the Revenue Account and balance-sheet have been duly examined and compared with the copies of journal entries of the District Lands Office, Christchurch, submitted for audit, and correctly state the position as disclosed thereby. The Revenue Account includes rents due for the period Ist July, 1923, to 30th June, 1924.—G. F. C. Campbell, Controller and AuditorGeneral.