B.—l [PT. IYI.

49

LANDS AND SURVEY DEPARTMENT —continued. ROTORUA COLLEGE AND GRAMMAR SCHOOL ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1930. Receipts. £ s. d. Payments. £ s. d. To Amount transferred from Secondary Education By Payments under section 12 (2) (a), Reserves, &c., Endowments, Auckland Provincial District, to Act, 1926.. .. .. .. .. 640 8 0 adjust revenue undercredited in previous years 640 8 0 £640 8 0 £640 8 0 Balance-sheet as at 31st March, 1930. Liabilities. £ s. d. Assets. £ s. d. Accumulated funds—To be disbursed under sec- Overpayment to Secondary Education Deposit Action 12 (2) (a), Reserves, &c., Act, 1926, for the count, Auckland Provincial District (being repaid erection of a secondary school at Rotorua — by annual instalments) .. .. .. 1,921 4 0 Balance, Ist April, 1929 .. .. .. 2,561 12 0 Less payments under section 12 (2) (a), Reserves, &c., Act, .1926 .. .. .. 640 8 0 £1,921 4 0 £1,921 4 0 J. B. Thompson, Under-Secretary for Lands. J. H. O'Donnell, Controller of Accounts. I hereby certify that the Statement of Receipts and Payments 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.—J. H. Fowler, Deputy Controller and Auditor-General. SECONDARY EDUCATION ENDOWMENT. —DEPOSIT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1930. Receipts. Payments. £ s. d. To Balance in Deposit Account, Ist £ s. d. £ s. d. By Payments to secondary schools .. .. 11,632 15 3 April, 1929 .. .. .. 4,990 9 3 Administration expenses .. .. .. 517 7 0 Investment Account .. .. 300 0 0 Maintenance and repairs .. .. .. 14 010 5,290 9 3 Rotorua College and Grammar School .. 640 8 0 Rents under section 20, Education Reserves Refunds of revenue .. .. . . 75 1 3 Act, 1928 .. .. .. .. 12,932 17 9 Survey costs .. .. .. .. 10 13 0 Interest on investments held by Public Trustee 41 15 9 Balance in Deposit Account, 31st £ s. d. Interest on investments .. .. .. 16 14 5 March, 1930 .. .. 4,791 11 10 Investment Account .. .. 600 0 0 5,391 11 10 £18,281 17 2 £18,281 17 2 Revenue Account for the Year ended 31st March, 1930. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 652 19 1 By Accrued rent .. .. .. .. 12,475 2 1 Irrecoverable rents .. .. .. 118 16 2 Interest on cash held by Public Trustee .. 41 15 9 Survey costs, insurance premiums, &c. .. 24 13 10 Interest on investments .. .. .. 21 2 9 Rotorua College and Grammar School .. 640 8 0 Balance carried down .. .. .. 531 11 9 Payments to secondary schools .. ..11,63215 3 £13,069 12 4 £13,069 12 4 £ s. d. £ s. d. To Balance brought down .. .. .. 531 11 9 By Balance from previous year .. .. 4,826 5 1 Balance .. .. .. .. 4,614 17 4 Adjustment on account of previous years .. 320 4 0 £5,146 9 1 £5,146 9 1 Balance-sheet as at 31st March, 1930. Liabilities. £ s. d. Assets. Capital, including loading for roads, &c. .. 181,895 9 1 Endowment lands — £ s. d. £ s. d. Appreciation in land-values .. .. .. 51,167 14 11 Leased .. .. .. 226,118 19 10 Public Works Fund—Roading (section 17, Land Unleased .. .. 9,223 10 6 Laws Amendment Act, 1927) .. .. 1,896 12 9 235,342 10 4 Sundry creditors— £ s. d. Sundry debtors for rent .. 1,490 18 5 Rents .. . . .. 70 4 7 Less reserve for irrecoverable Departmental .. .. 337 12 10 rents .. .. .. 25 0 0 407 17 5 — 1,465 18 5 Rotorua College and Grammar School .. .. 1,921 4 0 Postponed rent .. .. .. .. 43 7 6 Rents charged in advance .. .. .. 3,067 0 0 Interest accrued but not due on investments .. 919 3 Writings-ofi in Suspense .. .. .. 54 10 0 Losses in Suspense .. .. .. .. 54 10 0 Revenue Account —Balance .. .. .. 4,614 17 4 Overpayment to secondary schools .. .. 1,921 4 0 Cash held by Public Trustee .. .. .. 796 4 2 £ s. d. Cash in Deposit Account .. 4,791 11 10 Investment Account .. 600 0 0 — 5,391 11 10 £245,025 5 6 £245,025 5 6 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 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 comment is appended : The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927. —G. P. C. Campbell, Controller and Auditor-General.

4 —B. 1 [PT. IV],