B.—l [PT. IV],

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT. Revenue Account fob Yeab ended 31st Maech, 1932. Dr. £ a. d. £ s. d. Cr. To Interest and sundry charges re By Interest on advances — £ s. d. £ s. d. loans — Current account .. .. 97,925 211 Interest on debentures .. 246,546 4 10 Farms .. .. .. 330,887 5 9 Interest on amount transferred Dwellings .. .. 273,084 4 2 from Consolidated Fund .. 434,000 0 0 Merged interests .. .. 1,498 19 10 Management expenses of stock 78 II 11 Buildings .. .. 1,200 8 7 Stamp duty on transfers .. 85 14 11 Sales .. .. .. 80 6 2 680,710 11 8 Miscellaneous .. .. 64 12 11 Expenses of management — 704,741 0 4 Costs recouped to vote, Rents and royalties from properties acquired Lands and Survey .. 37,000 0 0 by Crown .. .. .. 31,486 16 5 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 .. .. .. 1,796 17 0 Audit fees .. .. 700 0 0 Profit on disposal of properties .. .. 962 9 7 Printing and stationery .. 220 5 4 Transfer and production fees .. .. 409 110 Travelling-expenses .. 179 410 Valuation fees ... .. . • • • 55 15 9 Valuation expenses .. 84 6 0 Miscellaneous .. .. .. •• 953 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 securities — Losses 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 0 5 By Adjustment on account previous year .. '795 7 5 Balance forward from previous year .. 168,417 9 5 Balance—Accumulated loss to 31st March, 1932 .. .. .. .. .. 366,929 2 5 £367,724 9 10 £367,724 9 10

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