8.—13 a

9. Statutory Returns,—The following information is submitted as required by section 35 of the Housing Act, 1919 : — (а) Money expended in the purchase of land during the year amounted to £42,995 16s. 6d., representing purchases in the following localities £ s. d. Whangarei .. . . 605 1 II Auckland . . . . 1 ,'250 0 0 Wellington . . . . 25,436 19 5 Chnstchurch .. .. 15,703 15 2 £42,995 16 6 (б) No money was expended in the erection of dwellings from the Ist Jul v 1936, to the 31st March, 1937. ' ' (c) The amount outstanding on 358 dwellings sold under agreements for sale and purchase is £149,719, and in respect of 590 dwellings leased to tenants, £438,539. At the close of the year arrears in respect of dwellings sold amounted to £14,261, and in respect of rent of dwellings amounted to £5,023. A. D. Park, Chairman of Directors.

HOUSING ACCOUNT. (A) Revenue Account.—Rented Properties erected prior to 31st March, 1937. £ s. d. o . Interest 5,713 Oil Bents ... q o 7f; 7 Insurance, rates, and maintenance .. .. 1,562 16 " " > ' M Commission .. .. .. .. .. 223 3 10 Management expenses .. .. .. .. 467 9 10 Gross profits to Profit and Loss Account .. .. 1,409 11 10 375 7 11 ā^TTTī % Pre 'i a it Jr \.°\ Dw t dlin fJ et -~ S <\ provision has been made in these accounts. It is proposed to have existing dwellings valued, and the book value of these assets will be adjusted m the accounts for the year ending 31st March, 1938. (B) Revenue Account.—Properties sold under Agreement for Sale and Purchase prior to 31st March, 1937. Merest 5,334 7do Interest on purchase-money .. 7L, 12 4 Management expenses .. .. .. .. 368 0 5 ' Commission .. .. .. .. .. 479 0 0 Gross profits to Profit and Loss Account .. .. 1,199 411 £7,380 12 4 £7,380 12 4 (C) Interest Account for. the Year ended 31st March, 1937. £ s. d. Interest .. .. .. ~ 15,512 16 8 Interest liability recouped from— £ S- <j Rented properties .. .. .. . 5 713 qjj Properties sold under agreement for sale and pur- _ chase ■■ •• •• •. .. 5,334 7 0 Interest during construction period— Preliminary expenses .. '. 21 14 3 1 •• 154 10 0 actory and plant .. .. .. .. 135 q q Balance to Profit and Loss Account .. .. 4,154 4 6 £15,512 16 8 £15,512 16 8

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