61

B.—l [PT. IV],

NATIONAL ENDOWMENT ACCOUNT —continued. Balance-sheet as at 31st March, 1930. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 4,427,251 7 1 Land—- £ s. d. £ a. d. Public Works Fund—Roading (section 17, Land Leased .. .. 3,655,411 6 11 Laws Amendment Act, 1927) .. .. 229 18 0 Unleased .. .. 667,048 15 10 Discharged Soldiers Settlement Account —Merged 4,322,460 2 9 interests under section 20, Discharged Buildings—Purchase price not yet payable .. 1,073 5 7 Soldiers Settlement Amendment Act, 1923 — National Endowment Trust Account .. 113,479 11 9 £ s. d. Sundry debtors — Advances.. .. .. 8,252 410 Rents from National En- £ s. d. Instalment, principal .. 164 11 0 dowment land .. 35,503 7 10 Instalment, interest .. 501 11 0 Less reserve .. 750 0 0 — 8,918 6 10 — Sundry creditors— 34,753 7 10 Contribution for education Royalties .. .. 5,971 17 8 and old-age pensions .. 135,008 5 10 Coal rents .. .. 862 8 7 Departmental .. .. 449 12 ,11 Interest on sales of land .. 378 18 5 Miscellaneous .. . . 25 7 4 Principal instalments on 135,483 6 1 buildings .. .. 59 12 11 Payments in advance— Interest on investments .. 15 17 10 Rents .. .. .. 1,008 12 2 Departmental .. .. 10,502 6 5 Interest on sales of land .. 85 12 9 52,544 9 8 Royalties .. .. 11 18 1 Postponed rent .. .. .. .. 6,246 4 2 1,106 3 0 Revenue accrued but not due— Overpaid rents in Suspense resulting from Interest on investments .. 1,610 12 9 capital reductions under Deteriorated Lands Interest- on sales of land .. 990 16 0 Act, 1925 .. .. .. .. 2,484 10 2 Royalties .. .. 455 0 0 Rents charged in advance .. .. .. 49,584 16 0 3,056 8 9 Buildings Suspense .. .. .. 58 18 3 Losses in Suspense.. .. .. .. 1,087 13 3 Writings-off in Suspense .. .. .. 1,087 13 3 Cash—■ Revenue Account —Balance forward .. .. 8,751 3 1 Tn Public Account .. 44,158 5 10 In Investment Account .. 90,850 0 0 135,008 5 10 £4,634,956 I 9 £4,634,956 1 9 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. F. C. Campbell, Controller and Auditor-General.