B. —1 [PT. IV], SUP. TO 1932.

PUBLIC WORKS DEPARTMENT —continued. ELLESMERE AND FORSYTH RECLAMATION AND AKAROA TRUST ACCOUNT (PUBLIC WORKS FUND). (Section 383, Land Act, 1924.) Income and Expenditure Account foe the Year ended 31st March, 1932. Expenditure. £ s. d. Income. £ s. d To Expenditure under section 6, Ellesmere Land By Rents from Crown lands .. .. 1,934 Oil Drainage Act, 1905 — Balance, being excess of expenditure over income, Interest on loans raised by Board .. .. 439 5 0 transferred to Accumulated Fund .. .. 1,374 15 10 Rebates and remission of rent .. .. 120 11 4 Cost of administration .. .. .. 81 18 9 Grant to Lake Ellesmere Drainage Board towards the purchase of machinery .. .. 1,858 8 5 Survey of permanent outlet .. .. .. 808 13 3 £3,308 16 9 £3,308 16 9 Balance-sheet as at 31st March, 1932. Liabilities. Assets. £ s. d. Sundry creditors— £ s. d. £ s. d. Receipts from the sale or lease of Ellesmere Lake Interest under section 6, Ellesmere lands .. .. .. .. .. 124,053 11 3 Land Drainage Act, 1905 .. 439 5 0 Less expenditure on construction, &c., of LincolnRents paid or charged in advance 468 1 11 Akaroa Railway .. .. .. .. 110,852 18 10 Administration and surveys .. 2 3 7 — 909 10 6 Balance in General Purposes Account .. .. 13,200 12 5 Accumulated Fund— Sundry debtors: Rents .. .. .. 484 8 8 Balance at Ist April, 1931 .. 14,150 6 5 Less excess of expenditure over income, 1931-32 .. .. 1,374 15 10 12,775 10 7 £13,685 1 1 £13,685 1 1 J. J. Gibson, Accountant, Public Works Department. [ hereby certify tliat the Income and Expenditure 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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