a—9.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT —continued. Revenue Account for Year ended 31st March, 1932. Dr. £ S. d. £ s. d. I Or. To Interest and sundry charges re jßy Interest on advances— i s. d. i s. a. J oans ; Current account .. .. 97,925 -IX Interest on debentures .. 24«,546 410 | Farms 330,887 5 9 Interest on amount transferred i Dwellings .. 273,084 4 2 from Consolidated Fund ..434,000 0 0 j Merged interests .. .. 1,498 1J 10 Management expenses of stock 78 11 11 Buildings .. •• Stamp duty on transfers .. 85 14 11 j Sales .. .. , — 680,710 11 8 i Miscellaneous .. .. 64 12 11 ' 704 741 Q 4 Expenses of management — , . ■ . , ' Costs recouped to vote, Rents and royalties from properties acquired T irirU and Snrvev 37 000 0 0 by Crown .. .. •• 31,«50 10 0 Rebates 32,229 3 5 Interest on surplus funds temporarily invested 11,812 13 9 Miscellaneous expenditure on Interest on investment in Public Debt ReCrown properties .. 1,541 5 7 demption Fund .. •• •• > Audit fees . 700 0 0 Profit on disposal of properties .. . ■ » ' Printing and stationery .. 220 5 4 Transfer and production fees .. .. 409 1 10 Travelling-expenses .. 179 410 Valuation fees .. .. • • • • q 2 o Valuation exnenses 84 6 0 Miscellaneous .. .. •• » o d Commission . . .. 12 2 8 Balance —Loss for year, carried down .. 199,307 0 5 Depreciation .. .. 0 10 8 71,966 18 6 Remissions— Land Board recommendations 12,398 15 2 Dominion Revaluation Board recommendations 5,883 12 9 Under Deteriorated Land Act, 1925 .. .. ■ 381 12 4 , 18,664 0 3 Reduction in value of securitiesLosses on realization —Writ-ings-off in Suspense .. 116,406 0 3 Losses on properties acquired by Crown .. 37,510 16 6 Reductions of mortgages, &c., by Dominion Revaluation Board .. 20,275 1 5 Reduction in capital value of leases under section 216, Land Act, 1924, &c. .... 5,047 11 9 179,239 9 11 £950,581 0 4 £950,581 0 4 £ s. d. £ s. d. To Balance—Loss for year, brought down .. 199,307 65 By Adjustment qn account previous year .. 795 7 5 Balance forward from previous year .. 168,417 9 5 Balance Accumulated loss to 31st March, £367,724 9 10 £367,724 9 10

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