a—s.

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1934. Liabilities.

4

General. j Cheviot ' Na^eutX?ust? W " : Hutt Valley. | Total. Loan capital— £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3 per cent. .. 354,165 0 0 3| per cent; .. 5,791,733 5 11 .. 160,918 0 0 3f per cent. .. 214,150 0 0 4 per cent. .. 5,654,579 3 11 4|-per cent. .. 37,739 12 3 5 per cent. .. 155,520 0 0 5| per cent. .. 1,500 0 0 5J per cent. .. 19,580 0 0 Treasury Bills, 2f per pent. .. ; 65,000 0 0 Funded Debt, £4 19s. 5-88d, .. .. 33,446 6 11 Debentures not eonverted .. 400 0 0 — 12,327,813 9 0 Less reduction; Finance Act (No. 2), 1,138,600 0 0 1927 11,189,213 9 0 Crown lands included in estates .. 211,940 0 0 Sales of Crown land .. .. 2,452,870 8 0 13,854,023 17 0 Less amount expended in opening up 429,788 1 5 Crown lands 13,424,235 15 7 160,918 0 0 .. .. 13,585,153 15 7 Accumulated funds— Cheviot Estate .. .. .. .. 462,705 12 1 .. .. 462,705 12 1 National Endowment Trust .. .. .. .. | 106,671 8 0 .. 106,671 8 0 Deposits by lessees under section 208, 9,015 16 3 .. .. .. 9,015 16 3 Land Act, 1924 Sundry creditors — Interest on capital from proceeds of sale 14,482 10 2 of Crown lands Interest on National Endowment Trust 31 0 8 funds Interest on loans due and unpaid .. 991 12 0 Turakina Domain .. .. .. 317 3 1 Departmental .. .. .. 1,549 18 10 .. 48 10 0 Miscellaneous . . .. .. 759 5 0 18,131 9 9 .. 48 10 0 .. 18,179 19 9 Interest on loans accrued but not due .. 102,450 17 10 1,373 6 3 .. .. 103,824 4 1 Interest on loans unrecouped to Con- 1,045 511 5,63227 .. .. 6,67786 solidated Fund Hutt Valley estatesPurchases .. .. .. .. .. .. 164,760 11 9 Roading and incidental expenses .. .. .. .. 224,058 8 9 Interest .. .. .... .. .. .. 66,680 17 10 455,499 18 4 Less deductions, section 11 (2a), .. .. .. 286,988 15 5 Finance Act, 1932 — — 168,511 2 11 168,511 2 11 Railway Improvements Authorization Act, .. .. .. 1,014 14 1 1,014 14 1 1914 : Interest on capital Land Laws Amendment Act, 1929 : Land subject to section 8— Crown Lands Account .. .. 35,392 7 6 National Endowment Account .. 8,200 10 2 » Primary Education Endowment Acoount 177 19 1 43,770 16 9 .. .. .. 43,770 16 9 Discharged Soldiers Settlement Account— Merged interests under section 20, Discharged Soldiers Settlement Amendment Act, 1923 — Not yet payable .. .. 2,982 19 0 Principal instalments .. .. 56 17 11 3,039 16 11 .. .. .. 3,039 16 11 Payments in advance — ——— • Receipts derived from estates: Rents, 7,741 115 11116 .. 191911 &c. Principal instalments: Sales of Crown 6,078 12 5 .. 23 11 4 land Interest on advances under Deterio- 19 1 rated Lands Act, 1925 Land Laws Amendment Act, 1929 : 3 5 4 Rents, &c. — —— ; 13,824 18 3 11 11 6 23 11 4 19 19 II 13,880 1 0 Rents charged in advance .. .. 129,933 7 5 6,365 4 2 .. 2 12 6 136,301 4 1 Depreciation Reserve on plant, &c. .. 2,334 10 0 .. .. .. 2,334 10 0 Suspense Account: Deteriorated Lands 888 6 II .. .. .. 888 6 11 Act, 1925 Suspense Account: Buildings .. .. 309 15 2 . . .. . . 309 lg 2 Writings-off in Suspense .. .. 6,467 2 3 .. .. 655 10 8 7,122 12 II Reserve for capitalized interest on Land- 20,278 3 0, .. .. .. 20,278 3 0 development schemes Reserve Account, including unexpended 917,501 19 3 6,244 13 10 .. .. 923,746 13 1 loading for roads, &c. Profits.and Loss Appropriation Account.. .. .. .. 118,362 9 4 118,362 9 4 Cheviot"ETstaie Account, as per contra .. 238,691 1'5 8 .. .. .. 238,691 15 8 National Endowment Trust Account, as 53,957 10 6 .. .. .. 53,957 10 6 per contra ■ £14,985,877 7 5 £643,250 10 5 £106,743 9 4 £288,566 9 5 £16,024,437 16 7