B.—l |PT. IVJ.

RANGITAIKI LAND DRAINAGE ACCOUNT. Receipts and Payments Account for Year ended 31st March, 1926. f. Receipts. Payments. Cash in Public Account, £ s. d. £ s. d. Drainage-works, stop-banks, clearing chan- £ s. d. Ist April, 1925 .. 42,013 7 2 nels, and other expenditure incidental Cash in Investment Ac- to drainage operations .. .. 16,956 6 10 count, Ist April, 1925 7,000 0 0 Engineering and administration expenses 1,477 16 3 49,013 7 2 Travelling-expenses .. .. .. 100 12 4 Proceeds from sales and transfers of plant, Legal expenses .. .. .. 17 18 3 &c., to other works.. .. .. 350 10 6 Plant and machinery .. .. 31 8 6 Rents .. .. .. .. 128 18 8 Loose tools .. .. .. .. 10 12 8 "Thirds" .. .. .. .. 11 5 0 Material and stores .. .. .. 1,213 12 4 Rates .. .. .. .. 76 6 9 Fuel .. .. .. .. 1,891 5 6 Interest on investments .. .. 918 12 1 Refund of rates paid by ratepayers and Sundries .. .. .. .. 432 10 11 later remitted under section 14, Appropriation Act, 1924 .. .. .. 5,048 5 5 Balance at 31st March, 1926— £ s. d. Cash in Public Account 4,183 13 0 Cash in Investment Account .. .. 20,000 0 0 24,183 13 0 £50,931 11 1 £50,931 11 1 Revenue Account por Year ended 31st March, 1926. Dr. Or. Rates written off under £ s. d. £ s. d. £ s. d. section 22, Finance Act, Accrued rents . . .. .. 126 1 0 1925 .. .. 28,414 14 1 "Thirds" .. .. .. .. 11 5 0 Less principal originally Interest on investments .. .. 1,17919 6 credited to Suspense Balance transferred to Drainage Works Account .. .. 6,485 0 0 Account .. .. .. .. 42,180 611 — — 21,929 14 1 Interest on debentures .. .. 21,567 18 4 £43,497 12 5 £43,497 12 5 Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. £ s. d. Loan Account .. .. .. .. 510,000 0 0 Drainage - works—Expenditure in conITnpaid purchase-money, sundry Natives 210 1 1 nection therewith, including wages, Suspense Account .. .. .. 3,472 311 supplies, administration, and engineerSundry creditors .. .. .. 1,384 11 0 ing expenses, and depreciation of plant 491,739 11 10 Interest contributed by Consolidated Fund 26,544 4 2 Less amount irrecoverable by way of Interest on debentures accrued but not due 5,114 4 1 rates as provided in section 22, Finance Rates paid in advance .. .. 72 12 2 Act, 1925.. .. .. .. 286,739 11 10 Rent paid in advance.. .. 1 10 0 Works cost recoverable out of rates .. 205,000 0 0 Amount irrecoverable by way of rates as provided in section 22, Finance Act, 1925 .. .. .. ..286,739 1110 Plant and machinery.. ... .. 23,498 8 0 Live-stock .. .. .. .. 48 7 6 Loose tools . . .. .. .. 451 0 0 Buildings .. .. . . . . 1,350 11 0 Material and stores .. .. .. 825 4 5 Fuel .. .. .. .. .. 237 13 4 Sinking Fund in hands of Public Trustee 904 5 4 Land for Settlements Account .. .. 20 0 0 Sundry debtors, for rates .. .. 3,16118 1 Sundry debtors, for rents .. .. 6 7 8 Sundry debtors, miscellaneous .. .. 76 8 5 Sundry debtors, interest on investments 295 17 10 Cash in Public Account, £ s. d. 31st March, 1926 .. 4,183 13 0 Cash in Investment Account .. .. 20,000 0 0 24,183 13 0 £546,799 6 5 £546,799 6 5 .T. B. Thompson, Under-Secretary for Lands. 26tli July, 1926. 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 unaudited copies of journal entries of the Chief Engineer, Auckland, submitted for audit, and correctly state the position as disclosed thereby, except that no rates have been levied for the year as provided by section 6of the Rangitaiki Land Drainage Act, 1910. The accounts do not include a charge for any portion of the Government subsidy paid to the Superannuation Fund. —G. F. C. Campbell, Controller and Auditor-General.

20— B. 1 [PT. IYJ.

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