B.- 1 [PT. IV], SUP. TO 1940.

LAND FOR SETTLEMENTS ACCOUNT—continued. Balance-sheet as at 31st March, 1940. Liabilities.

37

General. Cheviot. Hutt Valley. Total. Loan capital— £ £ £ £ £ 3 per cent. .. .. .. .. .. 215,029 3£ per cent. .. .. .. .. .. 6,179,282 .. 160,918 3f per cent. .. .. .. .. .. 364,150 4 per cent. .. .. .. .. .. 4,124,924 4| per cent. .. . . .. .. .. 37,740 5 per cent. .. .. .. .. .. 110,000 Funded debt, £4 19s. 5-88d. .. .. .. 33,446 Debentures not converted .. .. . . 200 11,064,771 Crown lands included in estates .. .. .. .. 211,940 Sales of Crown lands and buildings .. .. .. 3,121,265 Capital transferred from Discharged Soldiers Settlement Account 4,789 14,402,765 Less amount expended in opening up Crown lands.. .. 191,802 14,210,963 160,918 .. 14,371,881 Dairy Shares Capital Account .. . . . . . . 21 .. .. 21 Deposits by lessees under section 208, Land Act, 1924.. .. 21,116 .. .. 21,116 Accumulated funds: Cheviot Estate .. .. .. .. 464,180 .. 464,180 Sundry creditors— Interest on capital from proceeds of sales of Crown lands . . 336,046 Interest on loans due and unpaid . . .. .. 56 Turakina Domain .. .. . . .. .. 317 Departmental . . .. .. .. .. .. 969 Miscellaneous .. . . .. .. .. . . 1,946 339,334 .. .. 339,334 Rents charged in advance .". .. .. .. .. 104,721 5,079 5 109,805 Buildings: Interest charged in advance .. .. . . 567 3 .. 570 Interest on loans accrued but not due .. .. .. 97,590 1,373 .. 98,963 Hutt Valley estates— Purchases .. .. .. .. .. .. .. .. 164,981 Roading and incidental expenses .. .. . . .. .. .. 228,728 Interest .. .. .. .. .. .. .. .. 81,666 475,376 Less deductions section 11 (2) (a), Finance Act, 1932 .. .. .. 475,376 Railway Improvements Authorization Act, 1914: Interest on .. .. 1,015 1,015 capital Land Laws Amendment Act, 1929 : Land subject to section 8— Crown Lands Account . . .. . . . . .. 44,008 Primary Education Endowment Account .. . . .. 178 44,186 .. .. 44,186 Writings-off in Suspense .. .. . . .. .. 7,422 .. 30 7,452 Payments in advance Rents, &c., on estates .. .. .. .. .. 6,561 10 521 Principal instalments, &c. : Sales of Crown lands .. .. 387 Land Laws Amendment Act, 1929 .. .. .. 753 Deteriorated Lands Act, 1925 .. .. . . .. 15 7,716 10 521 8,247 Suspense Account: Deteriorated Lands Act, 1925 .. .. 218 .. .. 218 Sundry Suspense Accounts.. . . .. .. .. 548 .. .. 548 Reserve for capitalized interest on land-development schemes .. 68,902 .. .. 68,902 Reserve Account .. .. .. .. .. .. .. 14,168 .. 14,168 Reserve for transfers from Discharged Soldiers Settlement Account 9,664 .. .. 9,664 Development expenditure — Employment Promotion Fund (contra) .. .. .. 23,347 .. . . 23,347 Consolidated Fund (contra) .. .. .. .. 9,802 .. 9,802 Profit and Loss Appropriation .. .. .. .. .. .. 168,696 168,696 Cheviot Estate Account (contra) . . .. . . .. 292,480 .. . . 292,480 Hutt Valley Land Settlement Account (contra) , . .. 800 .. .. 800 £15,239,397 £645,731 £170,267 £16,055,395