B.—l [PT. IV].

DEPARTMENT OF AGRICULTURE —continued. WERAROA AGRICULTURAL ENDOWMENT ACCOUNT. Receipts and Payments Account for the Year ended 31st March, 1938. Receipts. Payments. Balance: Cash in Treasury Deposit £ s. d. Administration expenses under section 4, Land Laws £ s. d. Account, Ist April, 1937 — £ s. d. Amendment Act, 1927 .. .. .. 91 5 0 Capital .. .. . . 772 6 0 Balance in Treasury Deposit AcRevenue .. .. .. 6,341 18 5 count, 31st March, 1938 — £ s. d. 7,114 4 5 Capital .. .. .. 772 6 0 Rent from leases .. .. .. 1,847 10 7 Revenue .. . . .. 8,122 4 0 Interest on investments .. .. .. 24 0 0 8,894 10 0 £8,985 15 0 £8,985 15 0 Revenue Account for the Year ended 31st March, 1938. Dr. Cr. £ s. dAdministration expenses under section 4, Land £ s. d. Balance brought forward from previous year .. 8,660 11 8 Laws Amendment Act, 1927 .. .. 91 5 0 Accrued rent .. .. .. .. 1,863 9 9 Remission of rent, Court Order, Mortgagors and Interest on investments .. .. . . 24 0 0 Lessees Rehabilitation Act .. .. .. 275 4 0 Balance carried forward .. .. .. 10,181 12 5 £10,548 1 5 £10,548 1 5 Balance-sheet as at 31st March, 1938. Liabilities. Assets. £ s. d. Endowment lands— £ s. d. £ s. d. Capital .. .. .. .. .. 37,822 8 7 Leased .. .. .. 34,775 0 0 Rents charged in advance .. .. .. 460 0 0 Unleased .. .. 90 0 0 Revenue Account .. .. .. .. 10,181 12 5 34,865 0 0 Sundry debtors — Sales of buildings not yet payable ~ .. 2,435 0 7 Principal instalments on buildings .. .. 882 3 5 Rent .. .. .. .. .. 1,383 6 8 Administration expenses .. .. . . 12 6 Interest accrued but not due on investments .. 2 17 10 Cash in Treasury Deposit Account, 31st March, 1938 — £ s. d. Capital .. .. .. 772 6 0 Revenue .. .. .. 8,122 4 0 8,894 10 0 £48,464 1 0 £48,464 1 0 L. C. Scott, Accountant, Department of Agriculture, Wellington. 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. —J. H. Fowler, Controller and Auditor-General.

2—B. I. TPT. IV.

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