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LAND FOR SETTLEMENTS ACCOUNT— continued. Balance-sheet as at 31st March, 1930. Liabilities. Assets. Capita!— £ s. d. £ s. d. Land— £ s. d. £ s. d. Loan Account.. .. 10,606,875 17 8 Leased ... ..10,239,853 6 3 Crown land included in Unleased .. .. 381,899 9 11 estates .. .. 210,140 0 0 10,621.752 16 2 Sales of Crown land .. 2,135,951 7 6 Estates in course of acquirement .. .. 12,529 5 0 Unpaid purchase price (not 12,952,967 5 2 yet payable)— £ s. d. Less amount expended Crops .. .. .. 2,197 5 0 in opening up land Buildings .. .. 149,536 7 1 for settlement .. 647,528 1 5 Sales of settlement land .. 469,599 9 3 12,305,439 3 9 Sales of Crown land .. 331,447 15 4 Deposits by lessees of Crown land under sec- 952,780 16 8 tion 208, Land Act, 1924 .. .. 8,351 5 1 Hutt Valley EstatesSundry creditors— Purchases .. .. 162,812 17 I Interest under section 13, Roading and incidental exLand Laws Amendment Act, £ s. d. penses .. .. -209,684 17 4 1926 .. .. .. 51,001 6 5 Interest.. .. .. 43,038 7 4 Departmental .. .. 289 0 4 Miscellaneous .. .. 9,400 15 6 .. 415,536 1 9 60,691 2 3 Less receipts, section 11 Interest on loans due and un- (2) (a) Hutt Valley Land paid .. .. .. 1,034 9 4 Settlement Act, 1925 .. 247,776 11 5 Interest on loans accrued but 167,759 10 4 not due.. .. .. 105,758 19 6 Mataikona Farm Account .. .. .. 99 3 1 Te Wera Estate—Stock, implements, &c. .. 96,04111 5 106,793 8 10 Plant and machinery .. .. .. 3,835 0 0 Less amount for which Con- Furniture . . . . .. .. .. 27 0 0 solidated Fund is liable .. 16,240 0 0 Mechanical office appliances .. .. 23 0 0 90,553 810 Land Laws Amendment Act, Payments in advance — 1929 — Insurance premiums .. 010 0 Expenditure under section £ s. d. Interest on sales of settle- 6(1) .. .. .. 3,952 17 11 ment land .. .. 264 18 0 Expenditure under section Rents .. .. .. 7,850 510 6 (2) .. .. .. 946 10 1 Buildings .. .. 19 0 11 4,899 8 0 Principal instalment on build- Sundry debtors— ings' .. .. .. 207 3 9 Rents, te. .. .. 69,764 17 5 Principal instalment on sale Less reserve .. .. 4,000 0 0 of Crown lands .. 1,532 11 9 Principal instalment on sale 65,764 17 5 of settlement lands .. 1,489 14 I Sale of crops .. .. 21115 0 11,364 4 4 Interest on sales of Crown Amount held under Reserves and other Lands land .. .. .. 579 1 0 Disposal Act, 1927, section 25 (2) —Turakina Interest on sales of settleDomain .. .. .. .. 317 3 1 mentland .. .. 3,444 16 3 Discharged Soldiers Settlement Account — Principal instalment on buildMerged transactions .. .. .. 1,044 18 1 ings .. .. .. 3,187 12 5 Rents,"te., charged in advance .. .. 126,376 11 5 Principal instalment on sale Depreciation reserve —Plant, te. .. .. .1,568 12 0 of Crown lands .. 4,900 11 6 Reserve Account, including unexpended load- Principal instalment on sale ing for roads .. .. .. •• 1,198,087 17 9 of settlement lands .. 4,527 810 Writings-off in suspense .. .. .. 9,248 11 5 Departmental .. .. 125 2 6 Miscellaneous .. .. 1,894 9 6 84,635 14 5 Postponements .. .. .. .. 90,901 16 7 Interest accrued but not due — £ s. d. On investments .. .. 2,613 12 11 On deferred-payment licenses 6,142 1 0 8,655 13 11 Interest due and unpaid on investments .. 2,559 7 6 Investment in Public Debt Redemption Fund 1,170,581 2 0 Outstanding rents in suspense .. .. 9,248 11 5 Consolidated Fund — Proportion of interest on loan £ s. d. capital .. .. 45,334 II 6 Less proportion of interest due and unpaid and interest accrued but not due, as per contra .. 16,240 0 0 29,094 11 6 Cash in Public Account .. 267,426 11 4 Imprests outstanding .. 1 18 8 Investments Account .. 290,190 0 0 557,618 10 0 £13,813,042 18 0 £13,813,042 18 0 J. B. Thompson, Under-Secretary of Lands. 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. The following comments are appended: (1) The Land for Settlement (Discharged Soldiers Settlement Account) has been incorporated with this account. (2) The capital of the account has been reduced by £1,786,128 ss. Id. under section 22, Finance Act, 1927, and section 17 of the Land Laws Amendment Act, 1927. There is, therefore, no charge for interest on such amount included in the accounts. The capital liability and interest thereon will, I understand, be reflected in the national balance-sheet. (3) The interest adjustments between the account and Consolidated Fund have been only approximately calculated. — G. F. C. Campbell, Controller and Auditor-General.

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