B.—l [PT. IV].

RANGITAIKI LAND DRAINAGE ACCOUNT. Rate Accounts as at the 31st March, 1932. Capital. Maintenance. Capital. Maintenance. Dr. £ s. d. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest oil capital By Balance .. .. . ■ 752 7 5 1,976 7 11 cost .. 12,268 13 1 Rates levied .. .. .. 5,331 1 8 4,983 18 9 Less capitalized 7,268 13 1 Penalty .. .. .. 213 3 4 194 0 9 — 5,000 0 0 Rates previously written off reCost of maintenance 4,982 4 1 charged .. .. .. 1192 164 Less subsidy .. 2,087 0 0 .. 2,895 4 1 Rates written off .. .. 157 5 3 174 6 6 Balance .. .. •• 1,141 6 4 4,086 3 2 £6,298 11 7 £7,155 13 9 £6,298 11 7 £7,155 13 9 Revenue Account fob the Year ended 31st March, 1932. £ s. d. £ s. d. To Interest on debentures .. .. .. 20,187 1 2 By Interest on investments .. .. .. 115 9 9 Accrued rent .. .. .. .. 182 14 9 "Thirds" .. .. .. .. 8 15 10 Surplus on sale of plant .. .. .. 210 1 Capitalized interest under section 12, Finance Act, 1927 (No. 2) .. .. .. 7,268 13 1 Interest recoverable by rates .. .. 5,000 0 0 Balance transferred to Drainage Works Account 7,608 17 8 £20,187 1 2 £20,187 1 2 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 3f per cent! .. 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 51 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 .. .. .. .. 1611 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 1,141 6 4 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 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.

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