B.—l [PT. IV],

NATIONAL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1933. Receipts. £ s. d. Payments. To Balance at Ist April, 1932.. .. .. 74,198 13 10 By Land Act, 1924, section 295 (2) : Administra- £ s. d. Bents and interest, national-endowment lands 75,138 11 9 tion expenses .. .. .. .. 3,740 14 10 Transfer from State Forests in terms of sec- Land Act, 1924, sections 139, 295, and 357 : tion 39 (2), Forests Act, 1921-22.. .. 3,839 17 11 " Thirds," &c. .. .. .. 1,96117 0 Land Laws Amendment Act, 1930, section 13 : Payments to Universities of portion of nationalInterest, national-endowment trust-moneys 2,924 17 7 endowment residue .. .. .. 7,419 13 4 Transfer to vote "Education" of portion of national-endowment residue .. .. 44,518 0 4 Portion of national-endowment revenue residue applied in payment of old-age pensions .. 22,259 0 2 Befunds arising from operation of section 6, Deteriorated Land Act .. .. .. 170 18 2 Balance as at 31st March, 1933 .. .. 76,029 17 3 £156,100 1 1 £156,100 1 1 Revenue Account for the Year ended 31st March, 1933. Dr. £ s. d. Gr. £ s . d. To Administration expenses .. .. .. 3,740 14 10 By Accrued rents .. .. .. .. 137,621 10 11 Remissions — Accrued royalties ■ .. .. .. 1,387 6 8 Under Land Act, 1924 .. .. .. 26,937 1 4 Accrued interest .. .. .. .. 3,074 11 0 Under Deteriorated Land Act, 1925 .. 1,290 13 10 Coal rents .. .. .. .. 924 18 0 Under Dominion Revaluation Board .. 26 3 4 Royalties from State forests .. .. 4,136 1 10 Rents written off : Writings-off in Suspense .. 393 3 1 Interest on investment of national-endowment Interest charged under section 20 (3) of Dis- trust-moneys .. .. .. .. 1,872 15 9 charged Soldiers Settlement Amendment Recovery of rents previously written off .. 3 19 1 Act, 1923 .. .. .. .. 337 12 11 Rebates .. .. .. .. 1,715 17 5 Commission on coal rents .. .. .. 34 1 2 " Thirds " and " halves ".. .. .. 2,098 14 2 Balance carried down .. .. .. 112,447 I 2 £149,021 3 3 £149,021 3 3 To Contributions for education and old-age pen- £ s. d. £ g. d. sions .. .. .. .. .. 76,029 17 3 By Balance brought down .. .. .. 112,447 1 2 Balance carried forward .. .. .. 125,492 8 0 Balance previous year .. .. .. 89,044 4 1 Adjustment previous year.. .. .. 31 0 0 £201,522 5 3 £201,522 5 3 Balance-sheet as at 31st March, 1933. Liabilities. £ s. d. Assets. Capital Account .. .. .. .. 4,215,337 0 1 Land — £ s. d. £ s. d. Public Works Fund .. .. .. 4,441 16 2 Leased.. .. .. 3,499,855 1 6 Merged intersts under section 20, Unleased .. .. 232,861 6 3 Discharged Soldiers Settle- Provisional State forest .. 381,985 0 0 ment Amendment Act, 1923 — £ s. d. — 4,114,701 7 9 Advances .. .. .. 7,670 15 10 Land subject to section 8, Land Laws AmendInstalment, principal .. 283 12 10 ment Act, 1929 .. .. .. .. 7,643 13 5 Interest .. .. .. 544 14 6 Buildings .. .. .. .. .. 732 10 10 8,499 3 2 National Ednowment Trust Account .. 106,069 15 3 Sundry creditors— , Land for Settlements Account: Interest on Contribution for education and National Endowment Trust Funds .. 122 15 9 old-age pensions .. .. 76,029 17 3 Sundry debtors for— £ s. d. Departmental .. .. 40 11 2 Rents .. .. .. 135,295 2 0 76,070 8 5 Less reserve .. .. 750 0 0 Payments in advance — Rent .. .. .. 2,407 3 5 134,545 2 0 Interest on sales .. .. 219 12 1 Royalties .. .. 516 4 6 Royalties .. .. .. 0 18 7 Coal rents .. .. 1,441 17 11 2,627 14 1 Interest on sales .. .. 2,819 0 7 Rents charged in advance .. .. .. 50,289 10 4 Principal instalments on Overpaid rents in Suspense as a result of buildings .. .. 132 16 9 capital reduction under Deteriorated Lands Departmental .. .. 8,234 3 10 Act, 1925 .. .. .. .. 780 12 10 147,689 5 7 Buildings Suspense Account .. .. 54 13 11 Postponed rents .. .. .. .. 29,813 7 6 Writings-off in Suspense .. .. .. 370 17 7 Interest on sales accrued but not due.. .. 790 13 8 Revenue Account: Balance forward .. .. 125,492 8 0 Losses in Suspense .. .. .. .. 370 17 7 Cash balance 31st March, 1933 .. .. 76,029 17 3 £4,483,964 4 7 £4,483,964 4 7 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. 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) (6) of the Land Laws Amendment Act, 1927. — G. F. C. Campbell, Controller and Auditor-General.

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