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C.—6

SCENIC RESERVES ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1927. Dr. £ s. d. , Or. £ s. d. To Loan repayments (principal and interest) i By Accrued rent .. .. .. 845 9 4 under section 47, Land for Settle- j Accrued royalties .. .. .. 652 15 10 ments Act, 1925 .. .. 36 6 1 Balance carried down .. .. 8,401 9 1 "Thirds" and "halves" .. .. 829 811 j Rebates of rent .. .. .. 15 8 4 I Irrecoverable rents .. .. 0 16 3 Administration of reserves, &c. .. 261 8 5 Expenditure in connection with Trounson Kauri Forest .. .. 484 0 7 Expenses of Scenery Preservation Board 17 16 2 j Interest on capital invested in scenic reserves .. .. .. 8,254 9 6 ; £9,899 14 3 £9,899 14 3 £ s. d. ; £ s. d. To Balance brought down .. .. 8,401 9 1 By Balance, accumulated excess of charges Balance from previous year .. .. 12,228 15 4 over revenue .. .. .. 20,630 4 5 £20,630 4 5 j £20,630 4 5 Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Capital at Ist April, 1926 183,432 16 10 Land—Scenic reserves .. .. 217,997 8 3 Capital expenditure dur- Buildings Account .. .. .. 180 0 0 ing year .. .. 3,017 0 6 Native Land Settlement Account—Land Reserve Account—Value purchased for exchange purposes .. 5,094 8 4 of Crown land set aside 38,700 16 11 ' Sundry debtors, rents .. .. 592 5 0 225,150 14 3 Sundry debtors, royalties .. .. 10 6 Treasury Adjustment Account .. 18,804 510 Sundry debtors, miscellaneous .. .. 115 6 Payments in advance— £ s. d. Postponed rent .. • .. .. 208 3 6 Rents .. .. 15 11 4 j Remissions of rent by Revaluation Board 174 0 0 Royalties .. .. 419 6 Outstanding Rent Suspense Account .. 216 3 20 10 10 Revenue Account—Accumulated excess of Sundry creditors .. .. .. 50 0 0 charges over revenue .. .. 20,630 4 5 Discharged Soldiers Settlement Account—Section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. 635 0 0 Rents charged in advance .. .. 218 14 7 Writings-oil in suspense .. .. 2 16 3 £244,882 1 9 j £244,882 1 9 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Receipts and Payments Account, 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: — 1. In the case of the District Land Offices of North Auckland, Auckland, Taranaki, Gisbome, Hawke's Bay, Wellington, Nelson, Marlborough, and Westland the departmental figures have been accepted pending the completion of the local examination by the Audit Inspectors. 2. There is no statutory authority for recouping the account for the land purchased for exchange purposes which under section 25 of the Reserves and Other Lands Disposal Act, 1925, is available for disposal as Grown lands, the proceeds to be paid to the Native Land Settlement Account. J. H. Fowler, Deputy Controller and Auditor-General.

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