B.—l [PT. IY, SUP. .

RANGITAIKI LAND DRAINAGE ACCOUNT—continued. Revenue Account fob the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Rates written off .. .. 490 8 7 By Accrued rents .. .. . . 215 3 8 Excess levy for maintenance rate Rates levied to meet £ s. d. transferred to Suspense Account 1,267 0 0 maintenance cost .. 4,217 7 6 Interest on debentures .. .. 21,335 17 6 Rates levied for repayMaintenance of completed works .. 2,784 1 7 ment of capital and Principal contained in rate levied interest .. .. 11,911 18 4 for repayment of capital cost 16,129 5 10 transferred to Reserve Account .. 1,025 0 0 "Thirds" .. .. .. 9 8 4 Interest on investments .. .. 519 I 2 Balance transferred to Drainage Works Account .. .. .. 10,029 8 8 £26,902 7 8 £26,902 7 8 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. 494,500 0 0 Drainage - works—Expenditure in conConsolidated Fund, for loans redeemed nection therewith, including wages, under Public Debt Repayment Act, 1925 15,500 0 0 supplies, administration, and engineerInterest contributed by Consolidated Fund 47,912 19 2 ing expenses, depreciation of plant, and Consolidated Fund —Amount overpaid on capitalized interest charges .. .. 511,465 13 3 account of maintenance subsidy .. 116 0 0 Less reduction in rateable capital under Unpaid purchase-money for land taken .. 210 I 1 section 22, Finance Act, 1925 .. 306,465 13 3 Sundry creditors—Miscellaneous .. 970 5 5 — Interest on debentures, due and unpaid.. 229 6 4 Works cost recoverable out of rates .. 205,000 0 0 Interest on debentures accrued but not due 4,852 0 3 Reduction in rateable capital as per deSuspense Account, for maintenance rate duction from drainage-works above .. 306,465 13 3 levied in excess of requirements .. 1,267 0 0 Plant and machinery .. .. 21,102 14 8 £ s. d. Live-stock .. .. .. .. 4 13 6 Suspense Account .. 3,472 3 11 Loose tools .. .. .. .. 371 14 11 Less rates paid in previous Buildings .. . . .. .. 1,282 3 0 years to be credited to Wharves .. .. . . .. 348 4 6 current rates as per contra 1,308 1 2 Material and stores .. .. .. 1,088 17 5 2,164 2 9 Fuel .. .. .. .. 185 18 3 Reserve Account —Levy for repayment of Sinking fund in hands of Public Trustee.. 904 5 4 capital cost .. .. .. 1,025 0 0 Land for Settlements Account .. 20 0 0 Rates paid in advance .. .. 31 8 11 £ s. d. Rent paid in advance.. .. .. 25 1 0 Sundry debtors for rates.. 18,114 611 Less rates paid in previous years in respect of which remission was granted under section 14, Appropriation Act, 1924, to be credited to current rates on legislative authority being obtained.. 1,308 1 2 16,806 5 9 Sundry debtors for rent .. .. 8 4 8 Sundry debtors —Miscellaneous .. 147 8 2 Sundry debtors for interest on investments 223 3 0 Cash in hands of Post Office .. .. 414 2 £ s. d. Cash in Public Account, 31st March, 1927 .. 4,839 4 4 Cash in Investment Account .. .. 10,000 0 0 — 14,839 4 4 £568,803 4 11 £568,803 4 11 J B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balancesheet have been duly examined and compared with the relative books and documents submitted or audit, and correctly state the position as disclosed thereby.—J. H. Fowler, Deputy Controller and Auditor-General.

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