Price (id.

By Authority : W. A. G. Skinnhr, Government Printer, Wellington.— 1932.

Approximate Cost of Paper.— Preparation, not given ; printing (515 copies), £9.

W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. 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, subject to the following exception : No interest has been allowed to the Cheviot Estate in respect of the assets of the Cheviot Estate Account which have been transferred to the Land for Settlements Account, and, moreover, the Cheviot Estate has been charged interest on the value of such assets other than cash. As a result the accounts do not disclose the true amount of revenue earned by the Cheviot Estate and the Land for Settlements Account respectively. The following comments are appended: (1) Loan liability includes £217,740, which is also included in the amount of £647,528 Is. sd. deducted as expenses in opening up Crown Lands. This liability was raised under the New Zealand State-guaranteed Advances Act, 1909, and does not appear to relate to this account, and consequently should not be reflected therein. (2) The Te Wera Farm Account has not been credited with the exchange premium earned on the proceeds of farm produce sold in London. —6. F. C. Campbell, Controller and Auditor-General.

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Discharged Soldiers Settlement Ae- j 2,100 4 0 .. 2,100 4 0 Expenditure on equipment 8,953 6 7 count Advances i Expenditure on stock .. 10,223 4 4 Payments in advance—Rents, &c. .. : 11,789 10 0 j 5 1 9 140 7 7 11,934 19 4 Settlement landRents, &c., Adjustment Account .. 130,205 16 2 6,372 12 8 .. 136,578 8 10 Expenditure on improvements 36,348 7 6 Depreciation Reserve—Plant, &c. .. 1,960 15 0 | .. 1,960 15 0 Expenditure on equipment .. 1,277 0 8 Suspense Account—Deteriorated Land . 1,336 13 5 j .. .. 1,336 13 5 Expenditure on stock .. 8,681 11 3 Suspense Account—Buildings .. 295 11 4 .. .. 295 11 4 191,715 16 8 .. .. 191,715 16 8 Reserve for capitalized interest oil 6,903 11 8 .. .. 6,903 11 8 development scheme Interest on capital expenditure 6,903 11 8 .. .. 6,903 11 8 Reserve Account, including unex- 1,103,898 15 2 1,229 3 6 .. 1,105,127 18 8 Sundry debtors — pended loading for roads Rents, &c. .. .. .. 317,205 0 6 5,598 18 6 Writings-off, Suspense .. .. 5,758 12 6 .. .. 5,758 12 6 Principal instalments—Buildings 7,836 17 3 Cheviot Estate Account, as per contra 230,704 10 11 .. .. 230,704 10 11 Interest on sales of Crown lands .. 322 10 1 Interest on sales of settlement land 18,774 9 9 171 5 7 Principal instalments — Sales of Crown lands .. 9,299 2 5 .. 1,255 19 3 Sales of settlement lands .. 19,244 12 1 33 10 6 Land Laws Amendment Act, 1929, section 8 — .. £ s. d. Rents .. 164 18 3 Sales .. 4,321 2 8 Interest .. 8 9 9 Principal instalments .. 7 2 8 4,501 13 4 Insurances, &c. .. • • 110 19 3 Departmental .. •• 9,466 11 7 Miscellaneous .. •• 1,610 8 2 .. 266 15 0 388,372 4 5 5,803 14 7 1,522 14 3 395,698 13 3 Postponement of rents, &c. .. 124,692 16 11 2,181 5 3 .. 126,874 2 2 Interest accrued but not due— On investments .. .. 972 11 9 .. .. 972 11 9 On deferred-payment licenses .. 7,401 1 0 73 0 5 .. 7,474 1 5 Outstanding losses, Suspense Account 5,758 12 6 .. .. 5,758 12 6 Investment in Public Debt Redemp- 1,248,095 9 10 .. .. 1,248,095 9 10 tion Fund Consolidated Fund —Proportion of 90,019 12 11 3,128 9 4 .. 93,148 2 3 interest on Loan Account Land for settlement —General as .. 230,704 10 11 .. 230,704 10 11 per contra £ s. d. Cash .. .. 133,127 9 4 Imprests outstanding 0 0 3 in the Dominion Investment Account 57,905 0 0 —Securities held 144,864 10 8 .. 46,167 18 11 191,032 9 7 l£14,421,013 19 9 |£632,599 6 3 (£115,978 4 6 £15,169,591 10 6 £14,421,013 19 9 |£632,599 6 3 £115,978 4 6 £15,169,591 10 6