B.—l [PT. IV], SUP. TO 1940.

CROWN LANDS ACCOUNT—continued. Balance-sheet as at 31st March, 1940. Liabilities. Assets. Capital*— £ Land— £ * Public Works Fund: Revenue-earning.. .. 5,911,458 Leased .. .. .. .. 8,576,810 £ Unleased .. .. .. 2,416,246 Consolidated Fund .. .. 9,337,410 Provisional State Forest .. .. 916,292 Transferred from Discharged Soldiers Areas subject to operations of Small Settlement Account .. .. 235,461 Farms (Relief of Unemployment) Act, 1932-33 .. .. • • 44,446 9,572,871 Areas subject to section 8, Land Laws Amendment Act, 1929 . . .. 44,007 Revenue-earning .. .. .. 6,386,593 Areas included in Land for Settlements Non-revenue-earning .. .. 3,186,278 Estates .. .. •• 211,940 9,572,871 — 12,209,741 ReserveAccountofassetstransferredfromDiscbarged Interest in land: Realization accounts (Discharged Soldiers Settlement Account .. .. •. 349,067 Soldiers Settlement Account) .. .. .. 25,329 Reserve Account: Netherton Tirohia Road .. 45 Undivided interests in land— Buildings Account: Equity in buildings and improve- Crown interests in consolidated schemes — £ ments due to outgoing lessees .. .. .. 1,493 Tokerau Native Land Court District 32,037 Unpaid purchase-money in respect of Native land Waiarild Native Land Court District 11,247 acquired (on account of rates, succession duty, &e., Waikato-Maniapoto Native Land payable by Natives) .. .. .. .. 476 Court District .. .. 26,055 Sundry creditors — £ Mohaka Consolidation Scheme .. 8,966 Rents, &c., paid in advance .. .. 4,577 Northern Waiapu Consolidation Royalties paid in advance .. .. 239 Scheme .. . . .. 3, 558 Interest paid in advance .. .. 369 Interests acquired for cash in sundry Departmental .. .. .. 45 Native blocks .. .. .. 84,704 Miscellaneous .. .. .. 1,269 166,567 6,499 Live and dead stock (Discharged Soldiers Settlement Credits on disposal of Discharged Soldiers Settlement Account) .. .. .. • • • • 227 properties .. .. .. .. .. 3,075 Proceeds of sale of Crown land, &e., paid to Land for Suspense Account: Credits under Deteriorated Lands Settlements Account under section 20, Land Act, Act, 1925 .. .. .. .. .. 352 1924 .. .. .. .. •• 3,121,265 Royalties not yet accrued .. .. .. 728 Buildings and improvements on Crown £ Rents and interest charged in advance .. .. 107,534 land (unsold) .. .. .. 19,002 Interest on capital invested in Orakei Block .. 253,389 Less depreciation reserve .. .. 1,330 Mining claims: Deposits by miners .. .. 41 17,672 Writings-off in Suspense ' .. .. .. 17,301 Balance of purchase price of improvements payable by Treasury Adjustment Account .. .. .. 453,640 incoming lessees, &c. — £ Capital .. .. .. .. 3,877 Instalments— Principal . . .. . ■ 189 Interest .. .. .. 11l 4,177 Advances for grass-seed, &c. .. .. .. 3,100 Orakei Block .. .. .. .. •. 336,528 Sundry debtors — £ Rents .. .. •• 137,598 Royalties .. .. .. 2,432 Interest on sales .. .. .. 16,747 Interest on advances .. .. 39 Instalment interest: Buildings, &c. 807 Rates on Waiapu Native Blocks .. 3,706 Small-farm scheme : Rents accrued 480 Departmental . . .. .. 235 Miscellaneous .. .. •• 1,459 163,503 Interest under section 13, Land Laws Amendment Act, 1926 .. .. .. .. .. 336,046 Postponements of rent and interest under— £ Land Act, 1924 .. .. .. 4,661 Mortgage Relief Acts .. .. 2,631 7,292 Interest on sales accrued but not duo .. .. 7,524 Losses in Suspense .. .. .. .. 17,301 Profit and Loss Account: Orakei Block .. .. 208,036 Revenue : Loss for year carried forward .. .. 51,752 Cash — Receiver of Land Revonue Deposit £ Account .. . . .. 26 Receiver-General's Deposit Account .. 42 Local Bodies' Deposit Account of Receivers of Land Revenue .. 1,832 Deposits: Miscellaneous .. .. 9 1,909 £16,677,969 £16,677,969 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV |. The following comments are appended : (1) Part of the expenditure under the New Plymouth Harbour Endowment Act, 1874, totalling £2,013 ss. Bd., which is now reflected in the Income and Expenditure Account of the Lands and Survey Department Account, should, in the opinion of the Audit Office, be included in the Revenue Account as shown as a charge .against rents ; (2) The charges on land with respect to expenditure under section 47 of the Land for Settlements Act, 1925, or the corresponding provisions of any former Act, have not been abolished, as required by section 17 (5) (b) of the Land Laws Amendment Act, 1927 ; (3) In the opinion of the Audit Office the expenditure from Public Works Fund on Native development areas proclaimed subject to section 522, Native Land Act, 1931, which is included in the asset " Undivided interests in land " should be reflected in the accounts of the Native land-development schemes controlled by the Native Department; (4) The provisions of section 537, subsection 5 (a), of the Native Land Act, 1931, have not been complied with in respect of the asset " Sundry debtors for rates on Native blocks in Waiapu Consolidation Scheme, £3,705 12s, lid." —Cyril G. Collins, Controller and AuditorGeneral.

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