B.—l [PT. IV].

LANDS AND SURVEY DEPARTMENT—contimied. OTAGO UNIVERSITY ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1932. Receipts. Payments. To Cash on hand Ist April, 1931, in Local Bodies' £ s. d. By Land for Settlements Account under section 45, £ Sj (1 Deposit Account of the Receiver of Land Land Laws Amendment Act, 1929 .. 18 5 7 Revenue at— £ s. d. Administration expenses paid to Consolidated Dunedin .. .. .. 505 9 2 Fund under section 4of the Land Laws Invercargill .. .. .. 634 8 4 Amendment Act, 1927 .. .. .. 62 8 2 1,139 17 6 Otago University Council under section 118 (1), Rents .. .. .. .. .. 2,520 4 6 Reserves and other Lands, &c., Act, 1917 .. 2,937 19 8 Royalties .. .. .. .. 43 7 4 Dunedin Athenfeum under Otago Museum Act, 1877 .. .. .. .. .. 85 12 0 Cash on hand 31st March, 1932, in the Local Bodies' Deposit Account of the Receiver of Land Revenue at— £ s. d. Dunedin .. .. .. 556 18 4 Invercargill .. .. .. 42 5 7 599 3 il £3,703 9 4 £3,703 9 4 Revenue Account for the Year ended 31st March, 1932. Dr. £ s. d. Or. £ g, d. To Administration expenses .. .. .. 64 110 By Accrued rent .. .. .. .. 7,847 3 0 Amount paid to Land for Settlements Account Accrued royalties .. . . .. . . 43 7 4 under section 45, Land Laws Amendment Act, 1929 .. .. .. .. 18 5 7 Amount paid to Otago University Council under section 118 (1), Reserves and other Lands, &c., Act, 1917 .. .. .. 2,937 19 8 Amount paid to Dunedin Athenseum under Otago Museum Act, 1877 .. .. 85 12 0 Remission of rent .. .. .. .. 9 12 10 Balance carried down .. .. .. 4,774 18 5 £7,890 10 4 £7,890 10 4 £ s. d. £ g. d. To Balance carried down .. .. .. 5,971 19 10 By Balance brought down from previous year .. 870 10 0 Adjustment on account of previous year .. 326 3 5 Balance carried down .. .. .. 4,774 18 5 £5,971 19 10 £5,971 19 10 Balance-sheet as at 31st March, 1932. Liabilities. £ s. d. Assets. £ s, d. Capital .. .. .. .. .. 134,819 14 7 Endowment land .. .. .. .. 135,146 0 0 Consolidated Fund —Compensation for improve- Buildings .. .. .. .. .. 485 19 7 ments effected by lessee on endowment land .. 444 2 4 Sundry debtors for rent .. .. .. 8,435 18 10 Sundry creditors —Administration expenses .. 14 7 5 Postponed rent .. .. .. .. 45 0 0 Rents charged in advance .. .. .. 3,093 15 6 Cash on hand, 31st March, 1932, in the Local Reserve Account .. .. .. .. 368 2 8 Bodies' Deposit Account of the Receiver of Revenue Account —Balance carried forward .. 5,971 19 10 Land Revenue at— £ s. d. Dunedin .. .. .. 556 18 4 Invercargill .. .. .. 42 5 7 599 3 ll £144,712 2 4 £144,712 2 4 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Accountant. I hereby certify that the Statement of Receipts and Payments, 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. —J. H, Fowler, Deputy Controller and Auditor-General.

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