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Balance-sheet as at 31 st March, 1938. Liabilities. £ s. d. Assets. Capital Account, Public Works Fund .. .. 691,840 15 2 Kaitaia Drainage Area — £ s. d. £ s. d. Reserve : Repayment capital costs— Allocated cost of works on which Kaitaia Drainage rates are levied— Area — £ s. d. £ s. d. Rural subdivision .. .. 60,000 0 0 Rural subdivision 2,832 16 10 Town subdivision .. .. 8,200 0 0 Town subdivision 387 2 11 68,200 0 0 3,219 19 9 Excess cost of works not recoverWaihi Drainage able .. .. .. 155,984 16 11 Area — Interest Account: Proportion Pukehina Subdi- chargeable to area .. 150,121 16 4 vision.. .. 272 9 9 306,106 13 3 Kaikokopu Subdi- Waihi Drainage Area — vision .. 408 15 0 Allocated cost of works on which 681 4 9 rates are levied — Poukawa Drainage Area .. 730 4 4 Pukehina Subdivision .. 5,000 0 0 4,631 8 10 Kaikokopu Subdivision .. 7,500 0 0 Rate accounts — Central Subdivision .. 49,414 3 6 Special Rate Accounts : Capital— 61,914 3 6 Kaitaia Drainage Excess cost of works not recover - Area — £ s. d. able .. .. .. 24,526 0 0 Rural subdivision 1,356 16 3 Interest Account: Proportion Town subdivision 59 16 8 chargeable to area .. 44,898 16 4 1,416 12 11 . 69,424 16 4 Waihi Drainage Poukawa Drainage Area— Area — Drainage works .. .. 15,984 13 2 Pukehina Subdi- Interest Account: Proportion vision .. 224 3 7 chargeable to area .. 1,865 2 8 Kaikokopu Sub- 17,849 15 10 division .. 110 15 5 Hikurangi Drainage Area— 334 19 0 Drainage works .. .. 247,819 17 11 Poukawa Drainage Area .. 410 8 9 Interest Account: Proportion 2,162 0 8 chargeable to area .. 146,951 2 5 General Rate Accounts: Main- 394,771 0 4 tenance— Mangawai Drainage Area — Kaitaia Drainage Drainage works .. .. 1,877 19 3 Area — £ s. d. Interest Account: Proportion Rural subdivision 590 611 chargeable to area .. 1,508 8 1 Town subdivision 134 14 9 3,386 7 4 725 1 8 Harihari Drainage Area— Waihi Drainage Drainage works .. .. 4,355 211 Area— Interest Account: Proportion Pukehina Subdi- chargeable to area .. 3,106 16 10 vision .. 90 5 9 7,461 19 9 Kaikokopu Sub- Buildings .. .. .. .. .. 1,596 8 1 division .. 246 13 0 Wharves .. .. .. .. .. 53 12 0 336 18 9 Plant and machinery .. .. .. .. 28,4-49 10 9 Poukawa Drainage Area .. 90 12 9 Loose tools .. .. .. .. .. 236 4 11 1,152 13 2 Stores on hand .. .. .. .. 3,668 3 7 Sundry creditors — Motor-vehicles .. .. .. .. 173 15 6 Miscellaneous .. .. .. 18 14 3 Sundry debtors for rates — Departmental . . .. . . 4 16 Drainage Area. Capita!. Maintenance. 22 15 9 £ s. d. £ s. d. £ s. d. Rents charged in advance .. .. .. 219 0 0 Kaitaia.. .. 17,090 5 4 6,341 410 23,431 10 2 Payments in advance —- Waihi .. .. 4,879 18 7 4,194 710 9,074 6 5 Rent .. .. .. 10 12 5 Poukawa .. 3,143. 6 8 169 4 0 3,312 10 8 Rates .. .. .. 4 6 7 Sundry debtors— 14 19 o Rent under section 4 (2), Swamp Suspense Account .. .. .. .. 0 6 0 Land Drainage Amendment Act, Writings-olf in Suspense .. .. .. 121 8 0 1926 .. .. .. 416 510 Treasury Adjustment Account .. .. ..315,281 4 4 House rent .. .. .. 950 Law-costs .. .. .. 687 0 10 Miscellaneous .. .. .. 41 2 6 Departmental .. .. .. 328 3 2 1,481 17 4 Rate Account— General Rate Account : Maintenance— Waihi Drainage Area : Central Subdivision .. 1,843 13 3 Maintenance costs (Hikurangi) .. .. 434 8 9 Premiums on conversion .. .. .. 127 10 0 Revenue Account —Waihi Drainage Area : Central Subdivision .. .. .. 12,172 9 1 Losses in Suspense .. .. .. .. 121 8 0 Cash in transit from Post-office .. .. 154 6 1 £1,015,446 10 II £1,015,446 10 II W. Robertson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Rate 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 subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return [8.-l, Pt. IV]. —J. H. Fowler, Controller and Auditor-General.

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