C.—ll.

RANGtTAIKI LAND DRAINAGE SCHEME. Rate Account for the Yeas ended 31st March, 1940. n, S apital - j Maintenance. 0 ltal . Maintenance t. . . L,r - £ s. d. £ s. d. Cr. £ s d £ s d Remissions .. 552 14 3 485 18 0 Balance as at 31st March, 1939 .. 409 8 3 8 147 6 3 Transfer to Reserve Fund .. 1,242 10 0 .. Rates struck for 1939-40 year .. 10,463 10 2 7'032 10 1 Interest on oapital cost .. .. 8,712 10 0 .. 10-per-cent. penalty added to 1938— Cost of maintenance 7,660 8 4 39 rates .. .. .. 13112 5 161 10 3 Balance as at 31st March, 1940 .. 500 13 5 9,750 13 11 Subsidy on maintenance costs .. .. 2,553 9 5 Adjustment: Amount previously written off .. .. . . 3 16 10 2 4 3 £H,OOB 7 8 £17,897 0 3 £11,008 7 8 £17,897 0 3 Revenue Account for the Year ended 31st March, 1940. T r ' £ s ' d. Or. £ R d Losses written off 2,104 5 11 Accrued rent 195 Q 4 Law-costs remitted • • •• •• 110 0 Interest on capital cost recoverable by rates .. 8,712 10 0 Interest on Public Works Fund capital .. .. 19,566 14 9 Balance, transferred to Drainage Works Account 12,764 11 4 £21,672 ]Q 8 £21,672 10 8 Receipts and Payments Account for the Year ended 31st March, 1940. Consolidated Fund. Consolidated Fund, n . Heceipts. £ s. d. Payments. £ s. d. *" '* •• •• •• 13,230 2 5 Maintenance completed works .. .. 10 388 1 3 ents t 197 6 8 Refund rates ' 87 14 0 kaw-oosts .. .. .. .. .. 92 12 1 Refund law-costs .. .. 016 Subsidy on maintenance costs .. .. .. 3,172 0 0 Refund rents .. .. " 0 7 4 Sundries .. .. _ 1,544 19 1 Refund miscellaneous.. .. .. .. 011 0 ransfer of expenditure to Treasury Adjustment Transfer net receipts to Treasury Adjustment Account 10,388 1 3 Account .. .. .. .. 18,148 511 £28,625 1 6 £28,625 1 6 Balance-sheet as at 31st March, 1940. . Liabilities. £ s . d. Assets Public Works Fund .. .. .. .. 489,168 12 7 Drainage works— i j free capital from Employment Promotion Fund 890 19 0 Recoverable capital expenditure (section 11 Reserve Account for repayment of capital cost .. 1,242 10 0 Finance Act, 1927, No. 2) ' 9 0 r, nO O 0 r> asarsjst-.-- :: '? } —o •Sftsar.. .. ii. ;• d » sac—"-- •• :: " i : s ; Miscellaneous .. .. 295 6 2 Sundry goods 1 186 18 4 1,544 7 7 Sundry debtors— Kate Account— Rates £ i Capital 500 13 5 Capital .. .. ] 7,562 510 Maintenance .. .. 9,750 13 11 Maintenance .. .. 13'630 15 10 w ... „ . „ ~~ 10,251 7 4 Law-costs .. .. '470 11 10 Wntmgs-off m Suspense .. .. .. 2,104 511 Rents .. 50 0 Payments in advance: Rates • 118 3 Miscellaneous .. " 85 15 0 Departmental .. .. 184 5 2 „ , . 31,938 13 8 Cash in transit from Post-office .. .. 2,648 9 7 Expenditure from Employment Promotion Fund 890 19 0 Losses in Suspense .. .. .. ~ 2 104 5 11 £798,696 0 5 • £798,696 0 5 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. 1 h ® reb y' ce rt lf y 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], -Cyril Collins, Controller and Auditor-General.

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