B.—l [PT. IV].

LAND FOR SETTLEMENTS ACCOUNT (DISCHARGED SOLDIERS SETTLEMENT ACCOUNT). Revenue Account foe the Year ended 31st March, 1926. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 1,898 13 10 By Accrued rents, &c. .. .. .. 83,553 8 3 Audit fees .. .. .. .. 55 0 0 Interest on sales .. .. .. .. 404 14 0 Improvements to settlements —Vote, Expenses 802 4 3 Interest on purchase price, Mataikona SettleInterest on loans .. .. .. .. 133,176 2 1 ment .. .. .. .. .. 3,601 4 6 Loss on working of estates.. .. .. 84 19 2 Interest on investments .. .. .. 281 13 10 Miscellaneous expenses .. .. .. 122 110 Balance carried down .. .. .. 56,469 15 2 Rebates .. .. .. .. 4,886 11 II Remissions of rents, &c. .. .. .. 982 0 1 Reserve for irrecoverable rents .. .. 2,303 2 7 £144,310 15 9 £144,310 15 9 £ s. d. £ s. d. To Balance brought down .. .. .. 56,469 15 2 By Balance carried forward .. .. .. 225,090 15 6 Balance from previous years .. .. 167,076 4 0 Adjustment on account of previous years .. 1,544 16 4 £225,090 15 6 £225,090 15 6 Balance-sheet as at 31st March, 1926. Liabilities, Assets. Capital Account — £ s. d. £ s. d. £ s. d. Debentures issued ..3,222,050 0 0 Land .. .. .. .. ..2,025,107 4 10 Crown lands—Estates- .. 4,776 0 0 Unpaid purchase price (not yet payable) of land 11,291 19 6 —: — 3,226,826 0 0 Unpaid purchase price (not yet payable) of 79,758 3 8 Sundry creditors — buildings Consolidated Eund, for interest due on loans 334,015 6 7 Mount Pisa Estate—Stock, chattels, machinery, Interest accrued but not due on loans .. 11,596 4 1 &c. .. .. .. .. 528 11 7 Miscellaneous .. .. .. .. 1,762 2 6 Sundry debtors— £ s. d. Payments in advance — Rents, &e. .. .. 46,450 12 3 Rents .. .. .. .. .. 1,738 12 3 Less reserve for irrecoverable Principal instalments on buildings .. .. 158 15 2 rents .. .. .. 1,500 0 0 Principal instalments on sales of lands .. 217 15 1 44,950 12 3 Amounts charged in advance — Principal instalments on buildings.. .. 3,018 2 9 Rents .. .. .. . • . • 20,240 15 1 Principal instalments on sales of land .. 119 19 3 Interest .. .. .. .. 90 0 0 Interest on sales of land .. .. .. 87 12 9 Sinking Eund Reserve .. .. .. 27,175 1 8 Interest on purchase price, Mataikona Estate 20,139 9 6 Writings off in Suspense Account .. .. 6,148 17 5 Interest on investments .. .. .. 67 16 2 Reserve for unexpended loading for roads, &c. 92,410 18 3 Insm-ance premiums .. .. .. 2 19 10 Miscellaneous .. .. .. .. 273 17 11 Bills receivable, Glencoe Settlement drains, &c. 690 0 0 Postponements outstanding—Rent .. .. .. .. .. 54,084 15 1 Principal instalments on buildings .. .. 1,379 18 7 Interest on sales.. .. .. .. 330 12 2 Buildings Suspense Account .. .. 550 0 0 Sinking Eund Account .. .. .. 27,175 1 8 Interest accrued but not due on sales of land .. 130 4 9 Losses in Suspense Account .. .. 6,148 17 5 Depreciation in land-values, &c. .. .. 89,856 19 9 Revaluation Board determinations — £ s. d. Reductions in value of land 866,796 3 6 Reductions ill value of buildings .. .. .. 9,773 15 2 Rents written off .. .. 130,644 3 4 Remissions granted .. 47,118 17 10 Revaluation Committees expenses .. .. .. 5,990 10 10 — 1,060,323 10 8 Balance of Revenue Account .. .. 225,090 15 6 £ s. d. Cash in Public Account .. 20,414 14 8 Imprests outstanding .. .. 858 7 10 Investment Account .. .. 50,000 0 0 — — 71,273 2 6 £3,722,380 8 1 £3,722,380 8 1 J. B. Thompson, Under-Secretary for Lands. 26th July, 1926. 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, except that the accounts have been compiled from unaudited journal entries of North Auckland, Auckland, Poverty Bay, Taranaki, Wellington, Marlborough, Nelson, Canterbury, and Otago, and audited copies of the Southland, Hawke's Bay, and Westland District Land Boards. The accounts do not include a charge for any portion of the Government subsidy paid to the Superannuation Fund.—G. E. C. Campbell, Controller and Auditor-General.

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