B. —1 [PT. IV], SUP. TO 1938.

PUBLIC WORKS DEPARTMENT. ELLESMERE AND FORSYTH RECLAMATION AND AKAROA TRUST ACCOUNT (PUBLIC WORKS FUND). (Section 383, Land Act, 1924.) Balance-sheet as at 31st March, 1938. Liabilities. Assets. £ s. d. £ s. d. Accumulated Fund .. .. .. .. 16,914 22 Net receipts from sale of lease of Ellesmere Lake lands .. .. .. .. 129,089 3 3 Less expenditure on construction, &c., of Lincoln-Akaroa Railway.. .. .. 112,175 1 1 Balance in General Purposes Account . . .. 16,914 22 £16,914 22 £16,914 22 ===== —-I J. W. Scott, A.R.A.N.Z., Chief Accountant. Public Works Department, Wellington. I hereby certify that the Balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—J. H. Fowler, Controller and Auditor-General. NATIONAL DEVELOPMENT ACCOUNT (PUBLIC WORKS FUND). ROADS, HARBOUR-WORKS, ROADS ON GOLDFIELDS, LANDS, MISCELLANEOUS, ETC. Income and Expenditure on Capital Account for the Year ended 31st March, 1938. Expenditure. Income. Net expenditure, including a proportion of £ s. d . Recoveries on account of expenditure of previous £ s. d. general "departments,!" administrative years .. .. .. .. 1 028 2 0 expenditure on the following works : — Balance, being excess of capital expenditure over Roads .. .. .. .. 1,177,246 811 capital income on roads, harbour-works, &c., Harbour-works . . .. .. .. 3,622 12 0 transferred to National Development Account 1,325,391 14 0 Lands: Miscellaneous .. .. .. 145,550 15 1 £1,326,419 16 0 £1,326,419 16 0 Balance-sheet as at 31st March, 1938. Liabilities. Assets. Liability to Public Works Fund— £ s. d. National Development Account— £ s. d. Roads, &c. .. .. .. .. 24,634,838 8 7 Net expenditure to 31st March, 1938— Roads on goldfields .. .. .. 1,141,266 17 3 Roads, &c. .. .. .. .. 24,646,965 12 3 Harbour-works .. .. .. 1,051,075 4 7 Roads on goldfields .. .. .. 1,141,266 17 3 Lands: Miscellaneous .. .. .. 1,172,234 9 7 Harbour-works .. .. .. 1,050,871 1 1 Development of mining .. .. .. 73,877 10 0 Lands: Miscellaneous .. .. 1,069,827 18 10 Main highways .. .. .. 1,226,000 0 0 Development of mining .. .. 73,87710 0 Cash .. .. .. .. 153,860 12 5 Main highways .. .. .. 1,226,000 0 0 29,453,153 2 5 29,208,808 19 5 Treasury Adjustment Account .. .. 3,800 0 0 Stocks, &c. .. .. .. .. 107,736 9 3 Sundry creditors .. .. .. 129,449 12 8 Loans to local bodies— £ s. d. Writings-off in Suspense .. .. 426 3 7 Otanomomo River Board 1,922 18 6 Inter - Wanganui River Board .. .. 1,195 0 0 Eastbourne Borough Council .. .. 5,288 12 11 Taieri River Trust .. 77,226 5 9 85,632 17 2 Expenses on land-improve-ment— Swamp-land drainage .. 4,563 19 7 Hauraki plains settlement 5,070 0 0 9,633 19 7 Sundry debtors .. .. .. .. 20,729 17 3 Stores, &c., deficits .. .. .. 426 3 7 Cash in General Purposes Account .. 153,860 12 5 £29,586,828 18 8 £29,586,828 18 8

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