B. —1 [PT. IV], SUP. TO 1932

LANDS AND SURVEY DEPARTMENT. PRIMARY EDUCATION ENDOWMENT DEPOSITS ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1932. Receipts. Payments. £ B . d. To Balance— £ s. d. £ s. d. By Payments for primary-education purposes .. 79,385 10 10 Cash in Deposit Account .. 2,145 7 5 Administration expenses .. .. .. 4,246 17 2 Investment Account .. 11,850 0 0 Maintenance and repairs .. .. .. 255 1 11 —— 13,995 7 5 Survey costs, &c. .. .. .. 472 1 li Rents under section 30, Education Reserves Refunds of revenue .. .. .. 585 4 3 Act, 1928 .. .. .. 83,793 5 6 Cash in Deposit Account at £ s. d. Sales under section 27, Education Reserves 31st March, 1932.. .. 4,679 12 5 Act, 1928 .. .. .. •• 2,001 0 0 Investment Account .. 11,850 0 0 Interest on cash and investments held by 16,529 12 5 Public Trustee.. .. .. .. 1,151 10 7 Interest on investments .. . i .. 533 5 0 £101,474 8 6 £101,474 8 6 Revenue Account for Year ended 31st March, 1932. Dr. £ s. d. Gr. £ s. To Administration expenses .. .. .. 4,233 6 0 By Accrued rents .. .. .. .. 121,188 14 3 Survey costs .. .. .. .. 138 19 11 Accrued royalties .. .. .. 1,460 7 2 - Maintenance and repairs .. .. .. 286 19 2 Interest on cash and investments held by Depreciation reserve on buildings .. .. 24 11 0 Public Trustee.. .. .. .. 1,135 2 7 Remissions of rent .. .. .. 3,422 17 9 Interest on investments .. .. .. 533 5 0 Remissions under the Deteriorated Lands Act, 1925 .. .. .. .. .. 361 22 Irrecoverable rents .. .. .. 70 10 4 Interest under section 20, Discharged Soldiers Settlement Amendment Act, 1923 .. 24 5 0 Payments for primary-education purposes .. 79,385 10 10 Balance carried down .. .. .. 36,369 6 10 £124,317 9 0 £124,317 9 0 £ s. d. £ s. d. To Balance.. .. .. .. .. 50,780 15 8 By Balance from previous year .. .. 14,185 12 8 Adjustment on account of previous year — Hawke's Bay District, &c. .. .. 225 16 2 Balance brought down .. .. .. 36,369 610 £50,780 15 8 £50,780 15 8 Balance-sheet as at 31st March, 1932. Liabilities. £ s. d. Assets. Capital .. .. .. .. .. 2,316,270 7 3 Endowment lands — £ s. d. £ s . d. Appreciation of land-values .. .. 196,177 22 Leased .. .. 2,409,510 15 7 Public Works Fund —Roading (section 17, Land Unleased .. .. 65,592 19 9 Laws Amendment Act, 1927) .. .. 3,669 10 6 Land for Settlements Ac - Discharged Soldiers Settlement Account — count—Land Account Merged interest under section 20, Discharged (section 6, Land Laws Soldiers Settlement Amendment Act, 1923 .. 614 5 11 Amendment Act, 1929) 177 19 1 Sundry creditors— £ s. d. 2,475,281 14 5 Departmental .. .. 1,457 18 8 Buildings .. .. 5,819 11 11 Miscellaneous .. .. 9 12 4 Less Depreciation Reserve 192 6 4 — 1,467 11 0 5,627 5 7 Rents charged in advance .. .. .. 24,464 6 7 Sundry debtors— Rents paid in advance .. .. •• 737 10 1 Rents .. .. 64,117 1 11 Writings-off in Suspense .. .. .. 71 9 8 Royalties .. .. 2,236 11 8 Revenue Account balance .. .. .. 50,780 15 8 Principal instalments on buildings .. .. 150 16 6 Interest on cash and investments .. .. 14 12 6 Sundries .. .. 39 7 9 66,558 10 4 Unallocated arrears Hawke's Bay District .. 10 4 Postponed rent .. .. .. .. 8,119 2 1 Interest accrued but not due on investments .. 206 8 11 Losses in Suspense .. .. .. 71 9 8 Investments held by Public £ s. d. Trustee .. .. 1,600 0 0 Cash held by Public Trustee 20,257 15 1 21,857 15 1 Cash in Public Account at 31st March, 1932—Deposits Account— Cash .. .. .. 4,679 12 5 Investments .. .. 11,850 0 0 16,529 12 5 £2,594,252 18 10 £2,594,252 18 10 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 dulv examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comment is appended : The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927. —J. H. Fowler, Deputy Controller and Auditor-General.

39