C.—B.

HAURAKI PLAINS SETTLEMENT SCHEME—continued. Balance-sheet as at 31st March, 1935. Liabilities. Assets. Capital Account— £ s. d. £ s. d. Improved lands handed over to £ s. d. i s. d. Public Works Fund .. .. 842,239 14 10 Land Board for settlementValue of Crown land set apart Leased .. .. . • 186,497 911 under Act .. .. 45,000 0 0 Unleased .. .. .. 11,508 17 3 887,239 14 10 Unpaid purchase - money for Discharged Soldiers Settlement land sold on deferred payAccount: Merged transactions ments ... .. .. 15,105 11 01 _ llllall under section 20, Discharged " ~ ® , . Soldiers Settlement Amend- Unimproved value of land not disposed of .. 41,908 A 11 ment Aot, 1923 .. .. .. 418 1 1 Improvements on adjoining Crown lands .. 7,710.0 0 Sundry creditors— Permanent reserves .. .. .. 8,851 0 0 Miscellaneous .. .. 2,058 9 8 Works in progress: Expenditure on land m course Departmental .. .. 9 12 6 of reclamation, including formation and metal2,068 22 ling of roads .. .. •• •• 564,120 711 Rent charged in advance .. .. 2,382 10 0 Artesian wells— £ s. dRate Account .. .. .. 2,154 3 6 Crown tenants, Hauraki Plains 417 10 9 Payments in advance — Permanent reserves and Crown Rent 15 15 1 lands 216 10 9 Rates 7 8 10 , fJ. * ® Instalment of principal, de- Buildings .. .. .. •• ■■ 4,0U4 1/ / ferred payment sales .. 111 2 Wharves .. .. .. •• «,3y4 Ik i Instalment of interest, deferred Machinery and plant .. .. .. .. 30, Jsb it> l payment sales .. .. 0 0 3 Live-stock .. .. .. •• Miscellaneous .. .. 0 7 6 Loose tools .. .. .. •• "I" 25 210 Stores and fuel .. .. .. •• 3,930 5 5. Suspense Account .. .. .. • • 59 18 5 Stamps on hand .. .. .. • • 01 0 Writings-ofi in Suspense .. .. .. 164 0 4 Sundry debtors— £ s. d. Deposits by lessees: Surety against drain-damage 10 0 0 Rent .. .. .. 3,909 6 0 Treasury Adjustment Account . . .. 230,982 12 2 Rates .. .. • • 3,545 10 9 Instalment of principal on deferred payment sales .. 197 17 11 Instalment of principal on buildings .. .. • • 7 6 2 Interest on well-boring . . 117 4 6 Interest, deferred payment sales 412 19 3 Law-costs .. .. 101 12 5 Tram freights and ferry fares .. 19 4 3 Grazing .. .. .. 65 13 9 Miscellaneous .. .. 5,185 17 7 Departmental .. .. 947 13 6 14,510 6 1 : Postponed rent .. .. .. •• 1,386 149 Postponed interest .. .. .. • • 20 3 4 Losses in Suspense .. .. . • • • 164 0 4 Interest accrued but not due .. . . .. 204 0 0 Premiums on conversion .. .. • ■ 116 0 0 Cash in transit from Post-office .. . ■ 141 19 8 Cash in Deposits Account .. .. . . 10 0 0 Revenue Account: Balance forward .. .. 228,801 9 6 £1,125,504 5 4 £1,125,504 5 4 W. Robertson, Under-Secretary lor Lands. Wm. E. Shaw, Accountant. • , I hereby certify that the Rate and Revenue Accounts 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 comments are appended : (1) In the opinion of the Audit Office interest charged on works in progress should be capitalized ; (2) a Bad Debts Reserve should be created ; (3) suggestions in reference to the treatment of expenditure on lands already handed over for settlement were made to and are at present under consideration by the Department; (4) that the accounts of the Auckland District Lands Office and Chief Drainage Engineer, the audit of which has not yet been completed by the local Audit Inspector, are in agreement with the Head Office books ; (5) no charge for the cost of exchange on payments made in London is included in the account.— J. H. Fowler, Deputy Controller and Auditor-General.

Approximate Cost of Paper. —Preparation, not given; printing (650 copies), £9.

By Authority: G. H. Loney, Government Printer, Wellington. —1935.

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