C.—9.

DISCHARGED SOLDIERS SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st March, 1937. Liabilities. Assets. Capital— £ s. d. £ s. d. Advances on mortgages— £ s. d. £ s. d. Transfer from Consoli- Current Account . . . . 1,025 9 4 dated Fund at 4 per Farms, orchards, &e. .. 5,885 0 0 cent. .. .. 13,500,000 0 0 Dwellings .. .. 5,425 9 10 Reduction under section 12,335 19 2 22, Finance Act, 1927 Land leased under sections 4 and 5 of Dis(No. 2) .. .. 2,650,000 0 0 charged Soldiers Settlements Amendment Act, 1921-22 .. .. .. .. 414,290 18 3 10,850,000 0 0 Buildings: Unpaid purchase-price (not yet payLess repaid as per able) of buildings, &c., on Crown properties 17,461 2 5 Finance Act, 1931 Sundry advances merged with value of Crown (No. 4) .. .. 4,850,000 0 0 lands (section 20, Discharged Soldiers Settlement Amendment Act, 1923) .. .. 30,106 2 9 6,000,000 0 0 Deferred-payment sales under section 9, DisRedemption from Public charged Soldiers Settlement Amendment Debt Repayment Ac- Act, 1921-22 .. .. .. .. 3,235 5 4 count .. .. 824,276 19 8 Realization Account .. .. .. 166,695 19 0 Debentures issued (at 3 Properties acquired by the £ s. d. per cent., £265,483 18s. Crown on realization .. 380,634 210 Bd. ; at 3J per cent., Less State Advances C0r£1,155,365; at 3f per poration interests .. 536 6 6 cent., £136,500 ; at 4 380,097 16 4 per cent., £2,217,645 ; House properties administered at 5J per cent., £400) .. 3,775,393 18 8 by State Advances CorHypothecation of securi- poration under Housing ties, section 7 (2), Fi- Act— nance Act, 1931 (No. 4), Properties .. .. 313,230 6 5 at 3 per cent. .. 2,700,000 0 0 Miscellaneous charges .. 15 18 6 — 13,299,670 18 4 Rent .. .. .. 3,102 4 4 Employment Promotion Fund: Capital .. 138 I 10 316,348 9 3 Sundry creditors for interest — Live-stock, &c. .. .. .. .. 16,604 9 10 Interest due and unpaid £ s. d. Capital expenditure, Employment Promotion on transfer from Con-, Fund .. .. .. .. 138 1 10 solidated Fund .. 1,155,884 18 7 Sundry debtors for principal in - Interest accrued on stalments — £ s. d. transfer from Consoli- Merged transactions .. 2,076 17 9 dated Fund .. .. 19,726 0 7 Buildings Account .. 2,159 12 9 Interest accrued on de- Deferred-payment sales .. 67 14 5 bentures .. .. 37,902 11 6 4,304 4 11 Interest on redemptions Sundry debtors for interest— from Public Debt Re- Current Account .. .. 158 7 4 payment Account .. 130,879 4 5 Farms Account .. .. 36 19 8 Interest paid from Con- Merged transactions .. 3,094 15 2 solidated Fund .. 484 15 8 Buildings Account .. 832 0 4 1,344,877 10 9 Deferred-payment sales .. 118 13 6 Sundry creditors: Miscel- Miscellaneous advances .. 2 910 laneous services— 4,243 5 10 Miscellaneous .. .. 1,447 17 2 Sundry debtors for— Departmental .. .. 9 9 1 Rents of properties .. 32,322 12 0 1,457 6 3 Miscellaneous advances .. 19 8 10 Miscellaneous credit balances on Departmental .. .. 168 3 2 debtors' accounts—■ Miscellaneous .. .. 15,826 4 0 Advances: Current Account .. 295 14 6 Royalties .. .. 1,456 0 0 Principal instalments — 49,792 8 0 Dwellings, &c. .. .. 2 15 5 Postponements— Buildings .. .. 30 10 4 Under Discharged Soldiers Settlement Acts, Miscellaneous advances .. 0 10 0 &c.—• Interest — Instalmants of principal: Buildings .. 298 9 1 Dwellings .. .. 0 6 6 Interest— £ s. d. Buildings .. .. 5 4 11 Buildings .. .. 20 14 4 Rents .. .. •• 794 10 11 Rent .. .. .. 2,482 6 5 1,129 12 7 2,503 0 9 Rents charged in advance .. .. 5,254 2 6 Interest on advances accrued but not due .. 284 13 0 Interest charged in advance .. 188 3 9 Losses in Suspense .. .. .. 76,01125 Royalty (not yet payable) .. .. 1,456 0 0 Interest on investments due and unpaid .. 15 711 Suspense Accounts — £ s. d. Cash balance— £ s. d. Fire Loss Account .. .. 147 7 0 In Public Account.. .. 332,572 12 5 Receipts unallocated.. .. 1,478 13 2 Imprests outstanding .. 1,434 9 3 Surpluses on realization not yet 334,007 1 8 allocated .. .. 2,974 12 9 Revenue Account: Accumulated loss .. 1,298,228 13 5 — 4,600 12 11 Deposits Account : Miscellaneous .. .. 18 17 7 Writings-off in Suspense .. .. 76,011 2 5 Stock issued in respect of secruities taken over Liabilities discharged under section 22, by State Advances Corporation .. .. 8,760,000 0 0 Finance Act, 1927 (No. 2), to write off Contingent liabilities : State Advances Corporaaccumulated losses, as per contra .. 3,969,759 10 11 tion .. .. .. .. .. 2,766,050 5 2 Interest accrued on State Advances Corporation stock .. .. .. .. .. 81,711 17 5 Accumulated losses written off under section 22, Finance Act, 1927 (No. 2) .. .. 3,969,759 10 11 £18,704,543 2 3 £18,704,543 2 3 W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief 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. The following comment is appended : Assets of the Discharged Soldiers Settlement Account have been transferred to the Housing Account without legislative authority.—J. H. Fowler, Controller and Auditor-General. Approximate Cost of Paper.—Preparation, not given ; printing (790 copies), £16 10s.

By Authority: E. V. Paul, Government Printer, Wellington. —1937.

Price 6d.]

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