B.—l [PT. IV], Sup. TO 1938.

LANDS AND SURVEY DEPARTMENT—continued. WANGANUI RIVER TRUST ACCOUNT. Receipts and Payments Account foe the Yeae ended 31st Maech, 1938. Receipts. £ s. d. Payments. £ s. d. Balance brought forward from previous year .. 510 6 Consolidated Fund: Administration expenses, seeRents .. .. .. .. .. .. 586 11 10 tion 6of the Wanganui River Trust Act, 1891 .. 25 12 0 Principal instalments in respect of sales .. .. 3 7 6 Wanganui River Trust under Wanganui River Trust Interest instalments in respect of sales, &c. .. 12 11 0 Act, 1891 .. .. .. .. .. 493 10 6 Interest on loans repayments under section 47, Land for Settlements Act, 1925 .. .. .. 77 1 4 Principal repayments of loans under section 47, Land for Settlements Act, 1925 .. .. .. 3 7 6 Balance in Local Bodies' Deposit Account of Receiver of Land Revenue, Wellington, at 31st March, 1938 8 9 6 £608 0 10 £608 0 10 Revenue Account foe the Yeah ended 31st Maech, 1938. Dr. £ s. d. Gr. £ s. d. Administration expenses due to Consolidated Fund Accrued rent .. .. .. .. .. 616 18 1 under section 6of the Wanganui River Trust Act, Accrued interest .. .. .. .. 1290 1891 .. .. .. .. .. 26 2 1 Interest on loans under section 47, Land for Settlements Act, 1925 .. .. .. .. 91 7 4 Remissions of rent under Land Act, 1924 .. .. 56 4 0 Writings-ofl in Suspense .. .. .. .. 9 19 11 Balance carried down .. .. .. .. 445 13 9 £629 7 1 £629 7 1 £ s. d. £ s. d. Balance from previous year .. .. .. 390 17 1 Balance brought down .. .. .. .. 445 13 9 Amount due to Wanganui River Trust under Wanganui Balance carried forward .. .. .. .. 441 2 9 River Trust Act, 1891 .. .. .. 495 19 5 £886 16 6 £886 16 6 Balance-sheet as at 31st Maech, 1938. Liabilities. Assets £ s. d. Endowment lands— £ s. d. £ s. d. Capital .. .. .. .. .. 13,199 12 7 Leased .. .. .. 14,620 9 2 Loan for roading, section 47, Land for Settlements Unleased .. .. . . 793 10 0 Act, 1925— £ s. d. 15,413 19 2 Advances .. .. .. 1,983 0 5 Sundry debtors for — Principal instalments .. .. 459 3 1 Rents .. .. .. 543 15 7 Interest .. .. .. 813 9 2 Sales (not yet payable) .. 227 16 11 3,255 12 8 771 12 6 Rental adjustment . . .. .. 152 0 0 Interest on sales accrued but not due .. .. 3 3 0 Sundry creditors— Revenue Account: Balance carried forward .. 441 2 9 Administration expenses .. 0 15 7 Outstanding losses in Suspense. . .. .. 9 19 11 Miscellaneous .. .. 5 15 0 Cash in Local Bodies' Deposit Account of Receiver Rents paid in advance 16 17 2 of Land Revenue, Wellington, at 31st March, Wanganui River Trust: Amount 1938 .. .. .. .. .. 896 not yet paid over .. .. 713 11 31 1 8 Writings-off in Suspense .. .. .. 9 19 11 £16,648 6 10 £16,648 6 10 W. Robeetson, Under-Secretary for Lands. Wm. E. Shaw, Chief Accountant. I hereby certify that the Statement of Receipts and Payments, 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 : Endowment revenue has been paid to the Wanganui River Trust without provision having been made for the payment of arrears of interest and principal instalments owing in connection with the loans under section 47 of the Land for Settlements Act, 1925. —J. H. Fowlee, Controller and Auditor-General.

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