B.—l [PT. IV].

LAND FOR SETTLEMENTS ACCOUNT. Revenue Account for the Year ended 31st March, 1932.

45

Dr - General. Cheviot. Total. Or. General. Cheviot. Total. To Interest on— £ s. d. £ s. d. £ s. d . £ s. d. £ s. d. £ s. d. Loans . .. .. .. 432,341 10 5 5,632 2 7 437,973 13 0 By Rents, &c. .. .. .. . 509,582 0 8 19.055 11 4 528,637 12 0 Capital from proceeds of sale of Crown 73,616 12 5 .. 73,616 12 5 Interest on sales, &c. .. .. .. 34,082 16 4 326 1 0 34,408 17 4 land Interest on capital expenditure — Value of Crown lands in estates .. 8,405 12 0 .. 8,405 12 0 £ s. d. National Endowment Trust Funds .. 1,924 17 7 .. 1,924 17 7 Te Wera .. .. 5,372 12 9 Cheviot Estate accumulated funds trans- 18,535 10 7 .. 18,535 10 7 Hutt Valley Settlement 6,139 14 0 ferred Brinklands Estate 685 0 4 Deposits by lessees under section 208, 271 11 2 .. 271 11 2 Land development .. 190 15 1 Land Act, 1924 12,388 2 2 ' .. 12,388 2 2 Administration expenses .. .. 7,591 7 11 713 14 11 8,305 2 10 Interest on investments .. .. 22,160 1 6 .. 22,160 1 6 Administration expenses, Land Laws 3,330 10 1 .. 3,330 10 1 Interest on investments in Public Debt 48,695 19 7 120 6 6 48,816 6 1 Amendment Act, 1929 Redemption Fund Rebates— Rent and interest .. .. 23,371 11 8 1,401 4 6 24,772 16 2 Valuation fees, sections 7 and 14, Land 417 7 0 .. 417 7 0 Remissions of rent, &c. .. .. 18,751 11 5 74 0 7 18,825 12 0 Laws Amendment Act, 1929 Remissions and rent written off D.R.B. .. 2,153 2 0 .. 2,153 2 0 Miscellaneous .. .. .. 330 14 0 .. 330 14 0 £ s. d. Interest on Cheviot Estate fixed capital 8,380 7 2 .. 8,380 7 2 Reductions by D.R.B. .. 24,205 5 8 ( se3 contra) Less written off to reserve 24,205 5 8 Irrecoverable rents, &c., transferred to 5,220 12 11 9 0 10 5,229 13 9 Suspense Account Charges and expenses of raising loans .. 1,425 7 6 .. 1,425 7 6 Management charges of New Zealand con- 720 17 7 .. ' 720 17 7 solidated stock Stamp duty on transfer of stock .. 71 5 11 ... 71511 Land for settlements —Vote expenses — £ s. d. Audit fees .. .. 250 0 0 Compensation for injuries 1,030 I 11 Salaries .. .. 1,406 10 2 Preliminary expenses .. 838 3 7 Travelling-expenses .. 159 15 4 Miscellaneous .. .. 2,087 15 2 5,772 6 2 .. 5,772 6 2 Depreciation of plant .. .. .. 196 1 6 .. 196 1 6 Miscellaneous expenses incidental to estates 250 11 10 .. 250 11 10 Interest on Cheviot Estate fixed capital (see .. 8,380 7 2 8,380 7 2 contra) Balance carried down .. .. .. 32,149 17 9 3,291 8 3 35,441 6 0 £636,037 8 5 £19,501 18 10 £655,539 7 3 £636,037 8 5 £19,501 18 10 £655,539 7 3 _ £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Balance previous year .. .. .. 472 8 5 .. 472 8 5 To Balance brought down .. .. 32,149 17 9 3,291 8 3 35,441 6 0 Adjustment previous year of rents overstated 785 17 1 .. 785 17 1 Adjustment previous year, Cheviot Estate 18,631 18 9 .. 18,631 18 9 (Hawke s Bay) (see mntm) Adjustment previous year, Cheviot Estate .. 18,631 18 9 18,631 18 9 Reserve .. .. .. .. .. 15,340 10 6 15,340 10 6 (see contra) Reserve .. .. .. .. 49,523 11 0 .. 49,523 11 0 £50,781 16 6 £18,631 18 9 £69,413 15 3 1 £50,781 16 6 £18,631 18 9 | £69,413 15 3