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RANGITAIKI LAND DRAINAGE SCHEME. Rate Account for the Yeak ended 31st March, 1941. Capital. Maintenance. Capital. Maintenance, £ £ £ £ Remissions .. .. .. 435 387 Balance as at 31st March, 1940 .. 501 9,751 Transfer to Reserve Fund .. 1,295 .. Rates struck for 1940-41 year .. 10,433 7,012 Interest on capital cost .. .. 8,660 .. 10 per cent, penalty added to 1939-40 •Cost of maintenance .. .. .. 8,610 rates .. .. .. .. 216 144 Balance as at 31st March, 1941 .. 770 10,789 Subsidy on maintenance-costs .. .. 2,870 Adjustment: Amount previously written off .. .. 10 9 £11,160 £19,786 £11,160 £19,786 Revenue Account for the Year ended 31st March, 1941. £ £ Losses written off .. .. .. .. 13 Accrued rent .. .. .. .. .. 187 Interest on Public Works Fund Capital .. .. 19,567 Interest on capital cost recoverable by rates . .. 8,660 Balance, transferred to Drainage Works Account .. 10,733 £19,580 £19,580 Receipts and Payments Account for the Year ended 31st March, 1941. Consolidated Consolidated Fund. Fund. Receipts. £ Paymevts. £ Rates.. .. .. .. .. .. 18,624 Maintenance completed works .. .. .. 8,481 Rents.. .. .. .. .. .. 173 Refund rates .. .. .. .. 77 Law-costs .. .. .. .. .. 183 Refund laW-costs .. .. .. .. 1 -Subsidy on maintenance-costs .. .. .. 2,697 Transfer net receipts to Treasury Adjustment Account 22,899 Sundries . . . . . . .. .. 1,300 Transfer of expenditure to Treasury Adjustment Account .. .. .. .. .. 8,481 £31,458 £31,458" Balance-sheet as at 31st March, 1941. Liabilities. £ Assets. Public Works Fund .. .. .. .. 489,169 Drainage-works— £ Free capital from Employment Promotion Fund .. 891 Recoverable capital expenditure (section 11, Reserve Account for repayment of capital cost .. 2,538 Finance Act, 1937, No. 2) .. .. .. 205,000 Treasury Adjustment Account .. .. .. 299,381 Not recoverable: Capital expenditure and capitalized Unpaid purchase-money for land taken .. .. 210 interest .. .. .. .. .. 562,380 .Sundry creditors— £ Plant, machinery, and tools .. .. .. 1,688 Departmental .. .. .. 1,015 Buildings .. .. .. .. .. 1,330 Miscellaneous .. .. .. 289 Sundry goods.. .. .. .. .. 1,085 1,304 Sundry debtors — Rate Account— Rates— £ Capital .. .. .. .. 770 Capital .. .. .. .. 17,705 Maintenance .. .. .. 10,789 Maintenance .. .. .. 13,242 11,559 Law-costs .. .. .. .. 303 Writings-off in Suspense .. .. .. 1,419 Rents .. .. .. .. 19 Payment in advance: Rates .. .. .. 9 Miscellaneous .. .. .. 59 31,328 Cash in transit from Post Office .. .. 1,359 Expenditure from Employment Promotion Fund .. 891 Losses in Suspense .. .. .. .. 1,419 £806,480 £806,480 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 B. —1 [Pt. IV], —Cyril G. Collins, Controller and Auditor-General.

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