B,—l [Pt. IV, SUP.J.

LANDS AND SURVEY DEPARTMENT—continued. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Receipts and Payments Account for the year ended 31st March, 1927. Receipts. £ s. d. Payments. £ s. d. To Cash in hand, 31st March, 1927— ! By Deductions for loans under section 47, Land for In the Local Bodies' Deposit Settlements Act, 1925 .. .. .. 120 14 8 Account of the Receiver of Administration expenses . . .. .. 175 12 4 Land Revenue at— .. £ s. d. Repayment to Consolidated Fund on account of Dunedin .. .. 1,968 8 0 amount paid for compensation for improveInvercargill .. .. 659 8 6 ments .. .. .. .. . . 69 6 0 2,627,16 6 Amount paid to Otago University Council under Rents .. .. .. .. 7,083 19 10 section 118 (1) of Reserves, &c., Act, 1917 .. 6,860 4 4 Royalties .. .. .. .. 919 4 Amount paid to Dunedin Athenaeum under Otago Museum Aet, 1877 .. .. .. 87 16 0 Cash in hand, 31st March, 1927— In the Local Bodies' Deposit Account of the Receiver of Land revenue at— £ s. d. Dunedin .. .. 1,848 8 4 Invercargill .. .. 559 14 0 2,408 2 4 £9,721 15 8 £9,721 15 8 Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. Or. £ s. d To Administration expenses .. .. .. 177 5 7 By Accrued rent .. .. .. .. 6,364 10 8 Deductions for loans under section 47, Land for Accrued royalties .. .. .. .. 9 19 4 Settlements Act, 1925 .. .. .. 120 14 S Balance carried down .. .. .. 940 16 7 Amount paid to Otago University Council under section 118, Subdivision I, of Reserves and other Lands, &c., Act, 1917 .. .. 6,860 4 4 Amount paid to the Dunedin Athenaeum under Otago Museum Act, 1877 .. .. 87 16 0 Reserve Account —Appropriation of revenue for amounts repaid to Consolidated Fund on account of compensation for improvements .. 69 6 0 £7,315 6 7 £7,315 6 7 £ s. d. £ s. d. To Balance brought down .. .. .. 940 16 7 By Balance brought down from previous year .. 2,364 11 10 Balance carried forward .. .. .. 1,423 15 3 £2,364 11 10 £2,364 11 10 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Capital .. .. .. .. .. 156,416 0 0 Endowment land .. .. .. .. 154,551 0 0 Sundry creditors—Miscellaneous .. .. 113 3 Sundry debtors for rent .. .. .. 1,949 12 7 Consolidated Fund—For compensation paid for Rent postponed .. . . .. . . 103 13 0 improvements effected by lessee on endowment Sundry debtors for unpaid purchase price of buildland .. .. .. .. .. 659 5 0 ings (not yet due) .. .. .. .. 448 12 6 Rents charged in advance .. .. .. 3,031 1 0 Sundry debtors for principal instalments on Revenue Account —Balance carried forward .. 1,423 15 3 buildings.. .. .. .. .. 37 12 1 Reserve Account .. .. .. .. 153 0 0 Dominion Board determinations — Reduction in value of land .. .. .. 1,865 0 0 Rents written off .. .. .. .. 261 2 0 Remissions .. .. .. .. 60 0 0 Cash in hand, 31st March, 1927— In the Local Bodies' Deposit Account of the Receiver of Land Revenue at— £ s. d. Dunedin .. .. .. 1,848 8 4 Invercargill .. .. 559 14 0 2,408 2 4 £161,684 14 6 £161,684 14 6 J. B. Thompson, Under-Secretary for Lands. 13th July, 1927. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, 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. —G. P. C. Campbell, Controller and Auditor-General.

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