B.—l [PT. IV], SUP. to 1932.

NATIVE DEPARTMENT —continued. NATIVE LAND SETTLEMENT ACCOUNT. Obakei Block Account. Trading and Profit and Loss Account for the Year ended 31st March, 1932. Dr Or. £ s - d - To Land on hand (at cost, plus expenses of sub- £ s. d. By Sales .. .. • • •• •• 3,097 16 division, &c.) as at Ist April, 1931 .. 353,698 8 6 Land on hand (at cost plus expenses of subInternal roading (Orakei Bloek Roading Ac- j division, roadmg, &c.) as at 31st March, count) .. •• •• 7,41» 4 y i VJO4.. Surveys and contingencies. £s. d. Advertising .. •• 20 811 Electric guarantee .. .. 162 16 1 Building repairs .. ..0 3 2 , Survey expenditure .. .. 39 410 Insurance premiums .. 5 4 8 Bates .. 35 0 9 262 18 5 Waterfront Road — Waterfront Road to Whakatakataka Bav ■ • • • 256 3 6 Waterfront Road to Mission Bav • • • • 4,436 1 1 y ' - 4,692 4 7 Orakei Channel (Purewa Bridge) .. ■■ 1,875 0 8 Balance transferred to Profit and Loss Account (gross profit) 52 13 ' £367,984 10 6 £367,984 10 6 Dr £ s. d. Or. To Administration expenses 134 16 BBy Balance transferred from Trading Account £^d.. Depreciation Reserve: Buildings .._ • • 94 16 0 (gross profit) .. .. - l orT purchase-money 7,12119 3 Accrued interest .. .. 3,394 12 4 Interest on expenditure under Accrued rent .. .. 569 19 nlO section 417 .. •• 21,606 0 9 Balance, being net loss for year ended 31st March, 1932, transferred to Native Land Settlement Account .. .. •• 17,818 8 0 £21,835 13 5 £21,835 13 5 Balance-sheet as at 31st Manrch, 1932. Liabilities. £ s. d. Assets. £ s. d. Sundry creditors for payments in ad- Land (at cost, plus expenses of roading, subdivision, R ; n a t nce 7 013 6 Buildings :: :: :: .. .. s'.wo 0 o Deferred-payment interest .. 0 6 « () ]g g payment instalme nt, £ s. d. :: ■■ D=?ayment, interest :: ? J Native Land Settlement Account .. 432,707 3 Rent .. ;; 61>635 19 0 — 64,039 2 1 Interest accrued but not due .. .. •. 861 6 10 £432,947 3 3 £432,947 3 3

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