C.-=—s.

LAND FOR SETTLEMENTS ACCOUNT—continued. Revenue Account for the Year ended 31st March, 1937.

6

-— General. Cheviot. Hutt Valley. Total. Dr. Interest on— £ s. d. £ s. d. £ s. d. £ s. d. Loan capital liability .. .. .. .. .. 405,302 13 7 5,632 2 7 .. 410,934 16 2 Capital from proceeds of sales of Crown lands .. .. 81,300 1 1 .. .. 81,300 1 1 Value of Crown lands in estates .. .. .. .. 8,477 12 0 .. .. 8,477 12 0 National Endowment Trust Funds .. .. .. 3,149 5 1 .. .. 3,149 5 1 Cheviot Estate—Accumulated fund transferred .. .. 18,534 3 0 .. .. 18,534 3 0 Deposits by lessees under section 208, Land Act, 1924 .. 293 4 5 .. .. 293 4 5 Capital from Land for Settlements Account .. .. .. .. 3,237 16 0 3,237 16 0 Sundry charges re loans— Expenses of raising loans .. .. .. .. 2,520 13 2 .. .. 2,520 13 2 Stamp duty on transfer of stock . . . . .. 14 2 5 .. .. 14 2 5 Recoupment of management charges of New Zealand Con- 1,546 11 3 .. .. 1,546 11 3 solidated Stock Proportion of premium on loan conversions .. .. 2,563 0 0 .. .. 2,563 0 0 Administration expenses— Estates .. .. .. .. .. .. 10,486 12 7 847 6 4 148 6 2 11,482 5 1 Land Laws Amendment Act, 1929 .. .. .. 1,667 6 9 .. .. 1,667 6 9 Rebates — Rents, &c., from estates .. .. .. .. 26,433 4 3 1,396 17 4 .. 27,830 1 7 Rents, &c., under Land Laws Amendment Act, 1929 .. 294 15 11 .. .. 294 15 11 Remissions of rent and interest — Land Board recommendations — Rents, &c., from estates .. .. .. .. 103,037 16 3 590 16 7 .. 103,628 12 10 Rents, &c., under Land Laws Amendment Act, 1929 .. 501 2 5 .. .. 501 2 5 Under Mortgagors and Tenants Relief Act, 1933 — Rents, &c., from estates .. .. .. .. 3,994 16 4 .. .. 3,994 16 4 Under Mortgagors and Lessees Rehabilitation Act, 1936 — Rents, &c., from estates .. .. .. .. 424 5 5 .. .. 424 5 5 Under Deteriorated Lands Act, 1925 .. .. . . 409 12 10 .. .. 409 12 10 Irrecoverable rents, &c., transferred to Suspense Accounts— Rents, &c., from estates .. .. .. .. 9,101 13 9 562 9 7 131 8 8 9,795 12 0 Rents, &c., under Land Laws Amendment Act, 1929 .. 15 9 6 .. .. 15 9 6 Te Wera Estate Farm Account —Accumulated loss .. .. 21,303 7 0 .. .. 21,303 7 0 Miscellaneous expenditure on estates .. . ■ .. 145 11 7 .. 2 7 6 147 19 I Compensation for injuries incurred on development works .. 95 19 10 .. .. 95 19 10 Audit fees .. .. .. .. .. . • 250 0 0 .. .. 250 0 0 Salaries .. .. .. •. • ■ ■ • 972 4 9 .. .. 972 4 9 Travelling-expenses .. . . .. .. ■ • 32 10 3 .. .. 32 10 3 Depreciation of plant, &c. . . . . • • •. 193 17 0 .. .. 193 17 0 Interest on Cheviot Estate fixed capital (see contra) .. .. .. 7,309 11 7 .. 7,309 11 7 Balance carried down .. .. .. .. •• .. 1,656 2 1 13,079 7 8 14,735 9 9 £703,061 12 5 £17,995 6 1 £16,599 6 0 £737,656 4 6 £ s. d. £ s. d. £ s; d. £ s. d. Balance brought down .. .. .. .. .. 78,685 14 1 .. .. 78,685 14 I Transfer to Profit and Loss Appropriation Account .. .. .. .. 13,079 7 8 13,079 7 8 Transfer to reserve .. .. .. .. .. 1,65621 .. 1 J 656 2 1 £78,685 14 I £1,656 2 1 £13,079 7 8 £93,421 3 10 Or. =— Rents and royalties— £ s. d. £ s. d. £ s. d. £ s. d. Estates .. •• •• .. •• 496,452 9 10 16,151 3 9 150 10 4 512,754 3 11 Land Laws Amendment Act, 1929 .. .. .. 4,115 1 7 .. .. 4,115 1 7 Interest on sales — Estates .. .. •• .. •• •• 23,634 15 10 1,697 14 5 5,566 10 5 30,899 0 8 Land Laws Amendment Act, 1929 .. • ■ • • 620 15 3 .. .. 620 15 3 Interest on capital expenditure— £ s. d. Te Wera Estate .. .. •. 4,029 5 4 Brinklands Estate .. .. .. 862 4 8 Hutt Valley .. .. .. .. 3,237 16 0 Land development .. .. .. 15,759 13 9 23,888 19 9 .. .. 23,888 19 9 Interest on advances — Land Laws Amendment Act, 1929 .. .. .. 8,553 18 9 .. .. 8,553 18 9 Deteriorated Lands Act, 1925 .. •. •. ■ • 484 10 1 .. .. 484 10 1 Interest on loans for roading of endowment lands under section 48, Land for Settlements Act, 1925 — £ s. d. Wanganui River Trust Endowment . . .. 92 5 10 Otago University Endowment .. .. .. 85 0 3 177 6 1 .. .. 177 6 1 Interest on investments .. .. •• .. 5,420 16 .1 .. .. 5,420 16 1 Interest on investments in Public Debt Redemption Fund .. 53,622 6 2 146 7 11 .. 53,768 14 1 Valuation fees under sections 7 and 14, Land Laws Amendment 89 15 4 .. .. 89 15 4 Act, 1929 Miscellaneous .. .. •• .. .. .. 5 12 0 .. 100 6 12 0 Interest on Cheviot Estate (see contra) .. .. .. 7,309 11 7 .. .. 7,309 11 7 Gross profit on trading .. .. .. .. .. .. .. 10,881 5 3 10,881 5 3 Balance carried down .. .. .. .. .. 78,685 14 1 .. .. 78,685 14 1 £703,061 12 5 £17,995 6 1 £16,599 6 0 £737,650 4 6 £ s. d. £ s. d. £ s. d. £ s. d. Balance brought down .. .. .. .. .. .. 1,656 2 1 13,079 7 8 14,735 9 9 Transfer from reserve .. .. .. .. .. 78,685 14 1 .. .. 78,685 14 1 £78,685 14 1 £1,656 2 1 £13,079 7 8 £93,421 3 10