C.—ll.

Balance-sheet as at 31st March, 1932. Liabilities. Assets. £ s. d. £ s. d. Drainage-works—Expenditure in £ s. d. £ s. d. Loan Account .. .. .. 515,500 0 0 connection therewith (includLess loans redeemed under Public ing wages, supplies, adminisDebt Repayment Act, 1925 — tration and engineering exSecurities cancelled and amount penses, depreciation of plant, written off as per contra .. 15,500 0 0 and capitalized interest Loan capital, as under— charged) .. .. .. 382,944 2 4 Debentures at— £ Less securities and amounts 3£ per cent. .. 25,000 written off as per contra .. 15,500 0 0 3J per cent. .. 10,000 — 367,444 2 4 4 per cent. .. 405,000 Drainage-works — 4J per cent. .. 55,000 Cost recoverable out of rates .. 205,000 0 0 5J per cent. .. 5,000 Capital interest—Section 12, Fi500,000 0 0 nance Act, 1927 (No. 2) .. 47,641 14 5 Loans redeemed from Consolidated 252,641 14 5 Fund .. .. .. 2,500 0 0 Plant and machinery .. .. .. 10,694 5 7 Less sinking fund in hands of Buildings .. .. . . .. 1, 107 2 0 Public Trustee .. .. 1,525 16 0 Loose tools .. .. .. .. 218 7 9 974 4 0 Live-stock .. . . .. .. 16 11 Consolidated Fund— Fuel . . . . .. .. .. 31 17 0 Interest paid on loan capital .. 141,117 19 1 Sundry goods .. .. .. .. 685 17 2 Interest on temporary advances 387 2 3 Sundry debtors — 141,505 1 4 Rates. .. .. .. 9,779 16 2 Unpaid purchase-money for land Law-costs . . .. .. 155 14 10 taken :. .. .. .. 210 1 1 Rents .. .. . . 6 19 4 Sundry creditors— Miscellaneous .. .. 62 18 5 Miscellaneous .. .. 347 19 2 Departmental .. .. 1 16 0 Departmental .. . . 43 18 6 10,007 4 9 391 17 8 Stamps on hand .. .. .. 0 6 0 Interest on debentures accrued but Losses in Suspense .. . . .. 6 14 4 not due .. .. .. .. 4,751 4 8 Cash in Public Account .. 10,797 5 0 Rate Account— . Cash in transit. . .. .. 42 18 6 Capital .. .. .. 1,14164 10,840 3 6 Maintenance .. .. 4,086 3 2 5,227 9 6 Suspense Account .. .. .. 591 6 0 Writings-off in Suspense .. .. 6 14 4 Payments in advance—■ Rates .. .. .. 18 19 2 Rent .. .. .. 2 0 0 Miscellaneous .. .. 0 4 0 21 3 2 £653,679 1 9 £653,679 1 9 W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. I hereby certify that the Receipts and Payments, Rate, and Revenue Accounts 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. Approximate Cost of Paper.—Preparation, not given; printing (665 copies), £4 15s.

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