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The total amount of revenue received by the branch for the year was—Rates, £3,440 ; other receipts, £878. The officer in charge is Mr. R. L. Innis, Acting Engineer, to whom credit is due for the able and efficient manner in which the year's works have been performed. I have, &c, 0. N. Campbell, The Under-Secretary for Lands, Wellington. Chief Drainage Engineer. rangitaiki land drainage account. Receipts and Payments Account for Year ending 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. Cash in Public Account, Ist April, 1923.. 4,891 10 7 ' Drainage - works, stop - banks, clearing Debentures issued under— £ s. d. channels, and other expenditure inciRangitaiki Land Drain- dental to drainage operations .. 80,689 13 10 age Amendment Act, Management expenses .. .. 1,440 11 8 1913, and Finance Act, Travelling-expenses .. .. .. 139 17 3 1921-22, section 23.. 29,100 0 0 Legal expenses .. .. .. 314 7 1 Rangitaiki Land Drain- Plant and machinery .. .. 260 17 11 age Amendment Act, Loose tools .. .. .. .. 81 18 3 1913, and Finance Act, ' Live-stock .. .. .. .. 12-00" 1923, section 5 .. 22,900 0 0 : Material and stores .. .. .. 4.401 13 0 52,000 0 0 Fuel .. .. .. .. 3.935 I 11 Rents .. .. .. .. 97 16 4 Purchase-money for land taken .. 200 2 0 " Thirds " .. .. .. .. 6 10 10 Refund of rates .. .. .. 2 2 0 Rates — Interest on debentures .. .. 18.577 3 2' 1917-18 .. .. 26 14 11 Cash in Public Account. 31st March, 1924 1.148 7 2 1918-19 .. .. 16 10 3 1919-20 .. .. 114 2 4 1920-21 .. .. 325 9 2 1921-22 .. .. 815 9 10 1922-23 .. .. 1,982 15 2 1923-24 .. .. 159 4 I In advance .. .. 0 0 6 3.440 6 3 Sundries .. .. .. .. 767 11 3 . £61,203 15 3 , £61,203 15 3 Revenue Account as at 31st March, 1924. Dr. £ s. d. j Or. £ s. d. Interest on debentures .. .. 19,121 410 ! Accrued interest, being portion of rates Head Office administration expenses .. 50 0 0 ' levied for payment of interest and sinkRates written off .. .. .. 1.838 3 6 I ingfund .. .. .. .. 18,813 19 11 I Rents .. .. .. .. 114 4 4 "Thirds" .. .. .. .. (i 10 10 Balance transferred to Drainage Works Account .. .. .. .. 2,074 13 3 £21,009 8 4 £21,009 8 4 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. 472,900 0 0 Drainage - works—Expenditure in conLoan Redemption Account .. .. 22,461 12 3 nection therewith, including wages, Unpaid purchase-money, sundry Natives 210 1 1 supplies, administration and engineerSuspense Account .. .. .. 69 3 9 ing expenses, and depreciation of plant 413.364 4 1 Sundry creditors .. .. 3,343 9 5 Plant and machinery .. .. 30,300 12 3 Rates paid in advance .. ~ 0 0 6 Loose tools.. .. .. .. 629 3 0 Interest on debentures unpaid .. 4,625 6 6 Live-stock .. .. .. .. 118 5 0 I Buildings .. .. .. .. 1,678 14 (i Material and stores .. .. .. 654 9 8 Fuel .. .. .. .. 176 13 »■ Investments—Public Trust Office Sinking Fund .. .. .. .. 904 5 4 Land for Settlements Account .. 20 0 8 Sundry debtors, for rates .. .. 54,585 19 6 Sundry debtors, for rents .. ... 820 Sundry debtors, miscellaneous .. 20 17 3 Cash in Public Account, as at 31st March, 1924 .. .. .. .. 1,148 7 2 £503,609 13 6 £503,609 13 6 =™ i '' ■ .1. B. Thompson, Under-Secretary. J. H. O'Donnell, Chief Accountant. I hereby certify 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 the amount shown as Loan Redemption Account should be specifically invested. Certain Audit requirements as regards future balance-sheets have been communicated to the Lands Department. —G. F. C.Campbell, Controller and Auditor-General.

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