B.—l [Pt. IV].

13

EDUCATION ENDOWMENT DEPOSIT ACCOUNT.—PRIMARY. Revenue Account for the Year ended 31st March, 1923. To Loan repayments (section 63, Land £ s. d. £ s. d. Laws Amendment Act, 1913) .. 320.10 0 By Accrued rents, &c. .. .. 108,368 11 11 Administration expenses .. .. 5,154 510 Accrued royalties .. .. 915 2 7 Rents written off Suspense .. 16 !.J 11 Awapuni water-supply .'. .■ 870 II 0 Reserve for rents written off .. 100 0 (I Interest on cash and investments held Royalties written off .. .. 0 3 3 by Public Trustee .. .. J. ,903 0 I Refunds of rent, &o, . . ..- 17 0 0 Costs of surveys .. .. .. 403 19 3 Remissions of rent .. .. 45 3 11 Insurance premiums .. ' .. 27 14 3 Adjustment of rents outstanding previous years .. .. .. 2 15 10 Payinontsfor primary-education purposes .. .. * .. .. 103,292 15 0 Balance .. .. .. .. 2,610 5 10 £112,057 6 1 £112,057 6 1 £ s. d. £ s. d. To Balance .. .. .. .. 24,614 5 3 By Balance brought down .. .. 2,010 510 Balance from previous years .. 20,553 14 I Credit on account of previous years .. 1,450 5 4 £24,614 5 3 £24,614 5 3 Statement of Receipts and Payments for the Year ended 31st March, 1923. Receipts. £ s. d. Payments. £ s. d. To Balance in Public Account, Ist April, By Payments for primary-eduoation pur--1922 .. .. .. ".. 3,343 5 2 poses .. .. .. .. 103,292 15 0 Amounts received under Education Administration expenses .. .. 4,942 11 0 Reserves Amondmcnt Act, 1.914— Refunds of revenue .. .. 140 4 3 Rents, &c. .. .. .. 108,375 11 3 Balance in Public Account at 31st Sales .. .. .. .. 758 3 3 March, 1923 .. .. .. 4,101. 8 5 £112,476 19 8 £112,476 19 8 Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. •• •• 2,234,346 2 7 Land .. .. .. .. 2,248,792 0 2 Appreciation in land-values .. .. 41,503 15 8 Unpaid purchase-money on buildings Sundry creditors .. .. .. 1,242 0 4 (not yet payable) .. .. 1.017 15 8 Rents paid in advance .. .. 227 .17 4 £ s. d. Balance of Revenue Account .. 24,0.14 5 3 Sundry debtors for rents 24,055 15 4 Less—.Rents written off Suspense, £16 lis. lid. ; reserve for rents written off, £100 .. .. 116 11 11 23,939 3 5 Sundry debtors, for royalties .. 434 3 4 Postponed rent .. .. .. 459 10 0 Sundry debtors (miscellaneous) .. 22 13 0 Sundry debtors, for interest on cash and investments . . .. 107 3 5 Interest accrued due on investments .. 104 0 1 InvestmentsheldbyPublicTrust.ee .. 8,902 0 0 Cash held by Publio Trustee.. .. 13,994 9 8 Cash in Public Account .. .. 4,101 8 5 £2,301,934 7 2 £2,301,934 7 2 J. 13. Thompson, Under-Secretary for Lands. J. 11. 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 Land Boards submitted for audit, and correctly state the position as disclosed thereby. The Revenue Account includes rents due for the period Ist July, 1922, to 30th June, 1923. —G. F. C. Campbell, Controller and Auditor-General.