23

0.—9

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1925. Receipts. £ s. d. Payments. Cash in hand, Ist April, 1924 .. .. 237,974 811 Advances on mortgage— £ s. d. £ s. d. £ s. d. Current Account .. 567,747 14 5 Debentures issued .. 22,870 0 0 Section 2—'Farms .. 32,522 4 0 Transfers from Stamp Section 2—Dwellings .. 92,438 16 10 Duties Deposit .. 116 19 7 —. —-—■ —.—-—. 692,708 15 9 —•—-——-—-—- 22,986 19 7 Miscellaneous advances .. . 2,059 12 7 Repayments of advances— Plant Account — Purchase of motor-cars, Current Account .. 543,975 7 7 &c. .. .. .. .. 2,390 10 11 Section 2—-Farms .. 59,169 7 8 Office requisites .. .. .. 7 17 6 Section 2—Dwellings .. 278,150 14 11 Purchase of live and dead stock .. .. 1,215 16 9 Buildings advances .. 125 12 7 Sundry estates —Purchase of stock, and Miscellaneous advances.. 1,556 7 3 working-expenses .. .. .. 5,002 0 8 882,977 10 0 Working-expenses of farms acquired under Property Account— power of sale .. .. .. 2,369 9 1 Freehold .. .. 22,021 13 4 Capital expenditure on proLeasehold .. .. 8,299 18 0 perties acquired through 30,321. 11 4 exercise of power of Realization Account .. .. 29,181 0 3 sale— £ s. d. Sale of farm-produce, &c. .. .. 4,345 910 Freehold property .. 3,742 510 Sundry estates .. .. 3,804 8 I Leasehold property .. 772 7 4 Sale of live and dead stock .. 9,671 9 3 — 4,514 13 2 Sale of plant .. .. .. 293 9 8 Instalments on State Advances mortgages 228 7 8 Suspense Account .. .. 3,114 17 10 Realization Account—Expenses incidental Fire Loss Suspense Account .. 11,794 14 1 to acquisition of properties .. .. 11,063 11 9 Bills receivable .. .. .. 232 9 5 Sundry creditors—Accounts not cleared in Interest on advances — £ s. d. Treasury books in previous years .. 5,476 4 10 Current Account .. 119,015 5 5 Sinking Fund Account—Section 4, Finance Section 2 —Farms .. 178,693 17 7 Act, 1919 .. .. .. .. 11,705 9 6 Section 2—-Dwellings .. 320,870 9 2 Interest on debentures .. .. .. 338,048 15 11 Buildings .. .. 208 5 6 Interest on transfers from the Consolidated Miscellaneous .. .. 41 19 1 Fund .. .. .. .. 540,000 0 0 —-— 618,829 16 9 Stamp duty on loans raised .. .. 103 8 8 Interest on investments .. .. 7,416 5 2 Management charges on stock .. .. 3 311 Rents and grazing fees .. .. 12,804 14 1 Charges and expenses of raising loans .. 1,500 0 0 Valuation fees .. .. 579 3 0 Loans repaid .. .. .. . . 4,100 0 0 Production and transfer fees .. 947 17 0 Vote " Expenses of Management "— Sundries .. .. .. 752 12 4 Supervision, management £ s. d. of securities .. 39,366 8 8 Expenses of Revaluation Committees .. 20,567 11 0 59,933 19 8 Fire Loss Suspense Account .. .. 6,699 0 1 Valuation expenses .. .. .. 1,778 3 1 Suspense Account .. .. .. 1,268 17 1 Printing and stationery.. .. .. 296 19 7 Travelling-expenses of Supervisors and Inspectors .. .. .. .. 2,692 8 10 Miscellaneous expenses in connection with properties acquired through exercise of power of sale .. .. .. 3,331 12 7 Maintenance —Plant and machinery .. 828 3 9 Working-expenses, tractor .. .. 166 16 8 Audit fees .. .. .. .. 500 0 0 Sundries .. .. .. .. 24 1 1 Balance— Cash in Public Account, £ s. d. 31st March, 1925 .. 6,388 16 9 Imprests outstanding .. 12,361 18 9 Investment Account .. 159,260 0 0 178,010 15 6 £1,878,028 16 7 £1,878,028 16 7 Revenue Account for the Year ended 31st March, 1925. Debits. £ s. d. Credits. Interest on debentures, &c. .. .. 873,760 14 9 Interest on advances —• £ s. d. £ s. d. Charges and expenses of raising loans—Pro- Current Account .. 160,463 17 2 portion written off .. .. .. 11,503 3 11 Section 2—Farms .. 358,074 1 4 Stamp duty on loans raised .. .. 103 8 8 Section 2—Dwellings .. 349,853 3 11 Sinking fund reserve .. .. .. 11,705 9 6 Miscellaneous .. .. 1,711 16 0 Audit fees .. .. .. .. 500 0 0 — 870,102 18 5 Management expenses .. .. .. 39,366 5 8 Interest on surplus funds temporarily inPrinting and stationery .. .. .. 296 6 1 vested .. .. .. .. 12,985 910 Working-expenses of farms acquired by the Interest on purchase price of stock, MataiCrown .. .. .. .. 2,428 1 10 kona Settlement .. .. .. 579 15 11 Maintenance of plant .. .. .. 790 9 3 Rent from properties bought in by Crown 15,366 710 Rebate of interest .. .. .. 39,729 18 7 Profit from sale of properties and stock .. 1,262 6 9 Remission of interest .. .. .. 2,419 9 6 Sale of farm-produce, &c. .. .. 6,497 14 7 Valuation expenses .. .. .. 1,795 12 9 Transfer and production fees .. .. 934 18 0 Travelling-expenses of Field Inspectors .. 2,641 16 2 Valuation fees .. .. .. .. 596 7 6 Rent of Field Inspector's office .. .. 610 0 Sundries .. .. .. .. 78 0 0 Losses on realization of securities —Writings- Net loss for year .. .. .. 139,557 18 11 off in Suspense .. .. .. 57,064 2 4 Interest written off—Postponements under section 16, Discharged Soldiers Settlement ment Act, 1921 .. .. .. 21 15 6 Depreciation reserve —Plant, &c. .. .. 999 14 3 Sundries .. .. .. .. 2,828 19 0 £1,047,961 17 9 £1,047,961 17 9 £ s. d. £ s. d. Net loss for year, carried down .. .. 139,557 18 11 Adjustment on account of previous year .. 235 810 Loss forward from previous year .. .. 270,908 14 11 Balance—Net loss to 31st March, 1925 .. 410,231 5 0 £410,466 13 10 £410,466 13 10