B.—l [PT. IY, Sup.]

LAND FOR SETTLEMENTS ACCOUNT (DISCHARGED SOLDIERS SETTLEMENT ACCOUNT) —continued. Balance-sheet as at 31st March, 1927. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Estates — £ s. d. £ s. d. Debenture issue .. 3,222,050 0 0 Leased.. .. .. 1,710,827 I 9 Crown lands in estates .. 5,441 0 0 Unieased .. .. 270,511 0 0 3,227,491 0 0 — 1,981,338 2 3 Sundry creditors — Unpaid purchase-price (not yet payable)— Interest due on loans— Land .. . . .. .. .. 9,229 6 2 Consolidated Fund .. 466,229 7 6 Buildings .. .. .. ~ 75,637 19 8 Due and unpaid .. 357 9 4 Mount Pisa Estate—Chattels, machinery, &c... 287 2 0 466,586 16 10 Sundry debtors — £ s. d. Interest accrued but not due on loans .. 11,067 19 7 Rents, &e. .. .. 39,155 15 4 Miscellaneous .. .. .. 5,692 11 10 Less reserve for irrecover--I'ayments in advance — able rents .. .. 1,500 0 0 Rents .. 886 0 9 : 37,655 15 4 Principal instalments oil buildings .. 108 12 8 Principal instalments on buildings .. .. 1,953 14 5 Principal instalments on sales of land .. 387 3 0 Principal instalments on sales of lands .. 169 18 0 Amounts charged in advance— Interest on sales of land . . . . .. 139 4 6 Rents .. .. .. •• 20,372 13 2 Interest on purchase-price, Mataikona Estate .. 24,060 9 9 Interest .. .. •• •• 70 0 0 Interest on investments .. .. .. 659 II 10 Reserve .. .. .. •• 27,175 1 8 Miscellaneous .. .. .. .. 236 18 2 Reserve for unexpended loading for roads, 90,522 0 0 Bills receivable—Glencoe Settlement Drains Writings-off in Suspense Account .. .. 8,851 8 5 Account .. .. .. .. 470 0 0 Postponements outstanding— Rent .. .. .. .. .. 46,593 10 I Principal instalments on buildings.. .. 1,060 12 9 Interest on sales.. .. .. .. 129 2 10 Buildings Suspense .. .. .. 550 0 0 Sundry debtors outstanding (amounts accrued but not due) — Interest on sales of land .. .. .. 118 18 Interest on investments .. .. .. 417 2 5 Losses in Suspense Account .. .. 8,851 8 5 Depreciation in land-values, &c. .. .. 115,362 14 11 I Revaluation Board determinations, &.c, — £ s. d. Reduction in value of land 889,687 4 1 Reductions in value of buildings .. .. 11,901 17 10 Rents written off .. 134,535 9 1 Remissions .. .. 57,393 10 8 Revaluation Committee expenses .. .. 5,972 0 10 1,099,490 2 6 Revenue Account .. .. .. .. 289,351 17 1 Investment Account — Temporary transfer in terms of Public Revenues Act, 1926, section 40 .. .. 20,000 0 0 Cash in Public Debt Redemption Fund .. 27,175 1 8 £ s. d. Cash in Public Account .. 23,273 11 6 Investments Account .. 95,000 0 0 118,273 11 6 £3,859,211 7 11 £3,859,211 7 11 W. Robertson, Assistant 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 accounts submitted for audit, and found to agree. The following comments are appended : (1) The accounts have been compiled from unaudited journal entries of the various Land Boards pending the completion of the local examination by the Audit Inspectors. (2) The accounts do not include a charge for any portion of the Government subsidy to the Superannuation Fund.—G. F. C. Campbell, Controller and Auditor-General.

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