C. —5

LAND FOR SETTLEMENTS ACCOUNT —continued. Balance-sheet as at 31st March, 1935—continued. Assets —continued.

W. Robertson, Under-Secretary for Lands. W. E. Shaw, Accountant. I hereby certify that the 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, subject to the following exception: No interest has been allowed to the Cheviot Estate m respect of the assets of the Cheviot Estate Account, which have been transferred to the Land for Settlements Account; and, moreover, the Cheviot Estate has been charged interest on the value of such assets other than cash. As a result, the accounts do not disclose the true amount of revenue earned by the Cheviot Estate and the Land for Settlements Account respectively. The following comments are appended: (1) The account contains no charge for the cost of exchange on payments made m London ; (2) to avoid de ay the accounts of some land districts, the audits of which have not yet been completed by the local Audit Inspector, have been accepted from the Department's records.-J. H. Fowler, Deputy Controller and AuditorGeneral.

Approximate Cost of Paper.—Preparation, not given; printing (500 copies), £10 10s.

By Authority: Gr. H. Loney, Government Printer, Wellington. —1935. Price 6d.]

6

H j Cheviot! | f Hutt VaI,ey ' j Tote '' £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. •• 12,532,132 6 9 364,391 18 8 47,189 8 4 269,492 1 11 13,213,205 15 8 Station accounts, including improvements 142,736 6 10 •• •• j •• 142,736 6 10 and live-stock Plant and machinery .. •• •• »>°°° 7 ft Less Depreciation Reserve .. •• -,528 . 0 1,357 13 0 •• 1,357 13 0 Postponements of rents, interest, &c.— Under Land Act, 1924— 117 1« 7 Rents, &c„ from estates .. 124,015 0 9 117 16 ia 17 11 Instalments from sales of Crown lands 1,413 148 Land Laws Amendment Act, 1929 : 71 19 0 Rents, &c. Under Mortgagors and Tenants Relief Rents, &c., from estates .. •• 6,315 17 10 376 3 5 Instalments from sales of Crown lands 187 17 10 • 132,004 10 1 494 0 0 18 17 11 •• 132,517 8 0 Sundry debtors for— 2 S9 17 7 Rents, royalties from estates •• 463,773 9 2 6,911 11 10 Principal instalments: Buildings .. I „ fi ,, ,, Principal instalments: Sales of Crown 18,409 17 2 . • Principal instalments: Sales of settle- 30,327 11 3 340 10 0 . • 3,35- 17 10 ment lands Principal instalments : Advances under -1 3 4 Deteriorated Lands Act, 1925 Principal instalments : Loans for road- 4-5 9 6 ing endowment lands under section 47, Land for Settlements Act, 1925 Interest on loans for roading endowment 979 17 2 lands under section 47, Land for Settlements Act, 1925 _ t ka 11 a Interest on advances under Deteriorated 1,154 11 Lands Act, 1925 Interest on sales of Crown lands : Sec- 186 19 4 tion 5, Land Laws Amendment Act, Interest on sales of settlement lands .. 15,448 16 3 155 15 0 .. 8,810 14 4 Land Laws Amendment Act, 1929 — Rents . 1 ,252 5 7 Interest on sales!.' .. , 180 8 3 Interest on advances under sections 7 10,58:2 1- 10 and 14 n Principal instalments : Sales under 60 1 0 section 8 Principal instalments : Mortgages .. is 1 Insurances *1 18 Departmental .. •• •• , toe a i Miscellaneous .. •• 1,498 8 i I 562,427 1 1 7,413 5 11 416 12 11 12,403 9 9 j 582,660 9 8 Interest on national-endowment trust funds 407 12 9 overpaid Interest accrued but not due on 4 Investments .. •• •• 467 17 4 .. •• • Sales under deferred-payment licenses, &c. 6,459 8 11 405 19 10 7 0 Outstanding losses Account .. 9,8bl 19 f g gj 9 2 0 .. •• 1,292,516 19 5 Investment in Public Debt Redemption 1,288,997 17 b d,oiM & u Fund . £ • j. iQi iifii ft 9 •• 131,461 8 2 Consolidated Fund : Proportion of interest 131,4bi 8 i on Loan Account _ 20,504 0 0 Premiums on loan conversions . . -0,504 o u •• 63 740 1 6 .. 325,966 8 6 Land for Settlements Account: General, .. 2b-,2-b 7 0d,/4U as per contra OR , s » .. 252,11b 8 7 Cash .. .. •• n'afiK 0 0 " •• ■■ 17 ' 865 0 0 Investment Account • Securities held .. 11, 8bt> u u £15,098,799 10 1 £638,124 6 10 £111,365 0 8 £282,829 11 6 £16,131,118 9 1