B.—l [PT. IV].

SWAMP LAND DRAINAGE SCHEMES—continued. Balance-sheet as at 31st March, 1941. Liabilities. Assets. Capital Account— £ £ Kaitaia Drainage Area — Public Works Fund .. • .. 498,832 Allocated cost of work on which rates arc Less Loans Redemption Account .. 405 levied: — £ £ 498,427 Rural Subdivision .. .. .. 60,000 Reserve: Repayment of capital costs — Town Subdivision .. .. .. 8,200 Kaiataia Drainage Area— £ 68,200 Rural Subdivision .. .. 4,174 Excess cost of works not recoverable 164,101 Town Subdivision .. .. 570 Interest Account: Amount chargeable to area — 4,744 capitalized to 31st March, 1940 .. .. 168,958 Waihi Drainage Area — £ 333,059 Pukehina Subdivision 404 Waihi Drainage Area— Less capital liability remitted 167 Allocated cost of work on tvhich rates are 237 levied:— Kaikokopu Subdivision .. 606 Pukehina Subdivision .. .. .. 5,000 843 Kaikokopu Subdivision .. .. 7,500 Poukawa Drainage Area— .. 1,171 Central Subdivision .. .. .. 46,367 Less capital liability .. . . 289 58,867 882 Excess.cost of works not recoverable .. 28,643 , 6,469 Interest Account: Amount chargeable to area Rate Accounts— and capitalized to 31st March, 1940 .. 48,576 Special Rate Accounts : Capital— 77,219 Kaitaia Drainage Area— Poukawa Drainage Area-— Rural Subdivision .. .. 1,997 Drainage-works .. .. .. 17,440 Town Subdivision .. . . 100 Interest Account: Amount chargeable to 2,097 area .. .. .. .. 1,472 Waihi Drainage Area— 18,912 Kaikokopu Subdivision . . .. 285 Hikurangi Drainage area— Pukehina Subdivision . . . . 448 Drainage-works . . .. .. 259,087 Poukawa Drainage Area .. .. 400 Less amount written off .. .. 184,388 3,230 ——- General Rate Accounts : Maintenance — 74,699 , Kaitaia Drainage Area — Interest Account : Amount chargeable to Rural Subdivision .. .. 1,610 area and capitalized to 31st March, 1940 163,068 Town Subdivision .. .. 174 237,767 1,784 Mangawai Drainage Area— Waihi Drainage Area— Drainage works .. .. .. 1,878 Pukehina Subdivision .. .. 1,083 Interest Account: Amount charged to works Central Subdivision .. .. 1,049 to 31st March, 1939 .. .. .. 1,606 Kaikokopu Subdivision . . 309 2,441 3,484 Poukawa Drainage Area .. . . 639 Less amount written off .. .. 3,484 4,864 Sundry creditors — Harihari Drainage Area— Miscellaneous .. .. . . .. 28 Drainage-works . . . . .. 4,355 Departmental .. .. .. . . 7 Interest Account : Amount chargeable to — 35 area and capitalized to 31st March, 1940 .. 3,429 Rents charged in advance .. .. .. .. 95 7,784 Payments in advance : Rates .. .. .. 1 Unpaid purchase-money on land sold on deferred payment 713 Buildings Suspense .. .. .. .. 229 Buildings . . .. . . .. . . 1,359 Drainage Works Suspense .. .. .. . 7.13 Buildings: Loading .. .. .. .. 229 Writings-off in Suspense .. .. .. .. 5,286 Plant and machinery .. .. .. .. 3,068 Treasury Adjustment Account .. .. .. 365,951 Loose tools .. .. .. .. .. 105 Stores on hand .. .. . . . . .. 1,585 Motor-vehicles .. . . .. . . . . 122 Sundry debtors for rates- Mainte . Drainage Area. i/aprau. nanoe- £ £ Kaitaia .. .. .. 24,504 10,496 35,000 Waihi .. .. .. .. 2,850 2,476 5,326 Poukawa .. .. .. 1,428 253 1,681 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. 117 House rents .. .. .. . . 2 Law-costs .. .. .. . . 1,097 Miscellaneous .. .. .. .. II Departmental .. .. .. .. 110 1,337 Maintenance-costs (Hikurangi) .. ~ .. 434 Premiums on conversion .. ... .. . . 51 Revenue Account—Waihi Drainage Area: Central Subdivision . . .. .. .. .. 16,914 Genoral Revenue Account .. .. .. .. 10,135 Losses in Suspense .. .. .. .. 5,286 Interest accrued but not due .. .. .. 10 Cash in transit from Post Office .. .. .. 137 £885,300 £885,300 Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rate Accounts and interest on the balance of the expenditure was capitalized, but, in terms of Treasury Instruction No. 81, Treasury agreed that thereafter interest on irrecoverable expenditure need not be brought into the accounts. R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate 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 departmental note enfaced thereon and to the explanatory notes dealing with Departmental Accounts generally as appearing at commencement of parliamentary return 8.-l [Ft. IV. ]. —Cyril G. Collins, Controller and AuditorGeneral.

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