8.-r-1 [PT. IV].

RANGITAIKI LAND DRAINAGE SCHEME. Rate Account for the Year ended 31st March, 1939. D , Capital. Maintenance. Capital . Maintenance. , • . s - £ s. d. Cr. £ s d £ s H Balance as at Ist April, 1938 .. 10,016 211 .. Balance as at Ist April, 1938 .. 270 8 'i Rebate on 1937-38 and 1938-39 Rates struck for 1937-38 and SeCtl ° n 15 ' Finanoe „ «o, n r 1938 ~ 39 20,995 15 10 13,339 12 5 Act, 1938 .. .. .. 11,521 9 5 .. 10-per-cent. penalty on 1937-38 Remissions .. .. .. 112 10 0 71 6 0 rates .. .. .. 108 14 9 143 15 10 Interest on capital cost .. 4,500 0 0 .. Adjustment of Reserve Account Cost of maintenance .. .. .. 8,302 16 5 for repayment of capital .. 1 242 6 0 Balance as at 31st March, 1939 .. 409 8 3 8,147 6 3 Adjustment of overcharged interest for 1937-38 .. .. 4,212 14 0 Subsidy on maintenance costs .. .. 2,767 12 2 £26 » 55 9 10 7 £16,521 8 8 £26,559 10 ~7 £16,521 8 8 Revenue Account for the Year ended 31st March, 1939. Dr - £ s. d. Or £ d Losses written off .. .. .. .. 5,976 1 8 Accrued rent .. .. .. .. 177 14 1 Law-costs remitted .. 0150 Interest on capital cost recoverable by rates .. 4,500 0 0 Interest on 1 üblic Works Fund capital .. .. 19,566 14 9 Balance, transferred to Drainage Works Account 25 078 11 4 Adjustment of interest overcharged in Rate Account: Capital for 1937-38 .. .. 4,212 14 0 SMSM 5 5 £29,756 5 5 Receipts and Payments Account for the Year ended 31st March, 1939. Consolidated Consolidated Receipts. £ Payments. £"" IC 's d '• •• •• 13,226 1 4 Maintenance completed works .. .. 9 561 1 11 ®- ents 172 6 7 Refund rates ' 155 8 10 Law-costs .. . . .. .. . . 54 4 4 Transfer net receipts to Treasury Adjustment subsidy on maintenance costs .. .. .. 2,409 2 3 Account is 9A9 9in Sundries .. .. .. .. .. 2,495 17 2 " " " " Transfer of expenditure to Treasury Adjustment Account .. .". .. ... 9,561 1 11 £27,918 13 7 £27,918 13 7 Balance-sheet as at 31st March, 1939. Liabilities. £ s. d. Assets Public Works Fund .. .. .. .. 489,168 12 7 Drainage works— ' £ s d Free capital from Employment Promotion Fund . . 890 19 0 Recoverable : Capital expenditure (section 11 Treasury Adjustment Account .. .. 280,338 5 6 Finance Act (No. 2), 1937) ' 205 000 0 0 Unpaid purchase-money for land taken .. 210 1 1 Not recoverable: Capital expenditure and Sundry creditors £ s. d. capitalized interest . . .. .. 538 697 ] 3 8 Departmental .. .. 892 11 5 Plant and machinery .. . . . . i 816 4<) Miscellaneous . . .. 408 1 0 Buildings .. . . .. .. _ | 11 g 1,300 12 5 Loose tools .. .. .. '510 13 q Rate Account Sundry goods .. . . I 192 '! 10 Capital .. .. .. 409 8 3 Sundry debtors— £ s , ( | Maintenance .. .. 8,147 6 3 Rates capital .. .. 15,307 13 11 1 8,556 14 6 Rates maintenance .. ..14 710 18 6 Writings-off in Suspense .. .. 5,976 12 1 Law-costs .. 529 10 6 Payments in advance— Rents .. .. 6 10 0 Rates .. .. .. 23 0 8 Miscellaneous .. .. 129 0 2 Law-costs .. .. .. 0 3 0 Departmental .. .. 15 5 6 23 3 8 « 1. • 30,698 18 7 Cash in transit from post-office .. .. 231 3 5 Expenditure from Employment Promotion Fund 890 19 0 Losses in Suspense .. .. .. .. g 976 12 1 £786,465 0 10 £786,465 0 10 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate and Revenue 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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