B.—l [PT. IY, SUP.] .

HAURAKI PLAINS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account — Improved land— Debentures issued — Handed over to Land Board for settle- £ s. d. Local Bodies' Loans £ s. d. £ s. d. ment .. .. .. .. 329,260 6 5 Act, 1908 .. 31,000 0 0 Less— £ s. d. State-guaranteed Ad- Sales .. .. 77,852 12 5 vances Act, 1909.. 95,000 0 0 Reductions by revaluHauraki Plains ation Board .. 44,020 0 0 Amendment Act, 121,872 12 5 1913 .. .. 574,000 0 0 207,387 14 0 700,000 0 0 Unpaid purchase price of land sold on Temporary transfers deferred payment .. .. .. 1,925 10 0 from other accounts Unimproved lands not yet disposed of .. 44,375 5 1 —Section 40, Public Improvements on adjoining Crown lands 7,710 0 0 Revenues Act, 1926 10,000 0 0 Permanent reserves .. .. .. 8,851 0 0 Expenditure from Public Works in progress—Expenditure on land Works Fund .. 5,070 0 0 in process of reclamation, including Value of Crown lands formation and metalling of roads .. 388,662 9 3 set apart under the Artesian wells— £ s. d. Act .. .. 45,000 0 0 Crown tenants, Hauraki 760,070 0 0 Plains .. .. 1,281 7 11 Consolidated Fund — Permanent reserves and Interest on debentures Crown lands .. .. 216 10 9 under Local Bodies' 1,497 18 8 Loans Act, 1908 .. 22,083 6 8 Buildings .. .. .. .. 6,854 19 6 Interest on debentures Wharves .. .. .. .. 5,31800 under Hauraki Plains Machinery and plant .. .. .. 61,11319 2 Amendment Act,1913 76,239 19 4 Live-stock .. .. .. .. 262 2 0 Interest on expenditure Loose tools .. .. .. .. 431 19 6 out of Public Works Stores and fuel .. .. .. 8,088 17 8 Fund .. .. 3,853 4 0 Sundry debtors for— £ s. d. Rates unpaid, 1917-21 68 11 6 Rents .. .. 4,222 14 1 102,245 1 6 Instalments on principal Interest on debentures, due and unpaid.. 178 15 4 on deferred-payment Interest on debentures, accrued but not sales ~ .. 82 18 1 due .. .. .. .. 5,459 13 11 Interest on deferredSundry creditors .. .. .. 4,876 18 7 payment sales .. 69 15 3 Rates, &c., paid in advance .. .. 14 1 Interest on well-boring.. 118 12 3 Rents charged in advance .. .. 2,725 0 0 Tram freights .. 317 9 7 Suspense Account .. .. .. 14 5 0 Rates .. .. 8,648 7 7 Writings-off in Suspense .. .. 292 18 0 Miscellaneous.. .. 3,726 4 10 Reserve Account .. .. .. 5,850 17 4 — 17,186 1 8 Postponed rent .. .. 406 16 6 Writings-off in Suspense .. .. 292 18 0 Revaluation Board determinations— Reduction in value of £ s. d. lands .. .. 44,020 0 0 Rents written off .. 5,940 17 7 Remissions of rent .. 5,761 18 10 55,722 16 5 Interest accrued but not due on sales of land .. .. .. .. 44 0 0 Investments in Public Debt Repayment Account .. .. .. .. 5,850 17 4 Revenue Account—Balance .. .. 47,268 11 3 Cash in hands of Post Office .. .. 103 14 II Cash in Public Account .. .. 12,359 2 10 £881,714 13 9 £881,714 13 9 J. 13. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. 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. The following comments are appended : (a) The portion of the Revenue Account dealt with by the District Land Office, Auckland, has been accepted from Departmental statements pending the examination by the Audit Inspector. (b) In the opinion of the Audit Office interest charged on works in progress should be capitalized, (c) A Bad Debts Reserve should be created. (d) Suggestions in reference to the treatment of expenditure on lands already handed over for settlement have been made to the Department.—J. H. Fowled, Deputy Controller and AuditorGeneral.

6—B. 1 [PT. IV, SUP.] .

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