B.—l [Pt. IV], Sup. to 1940.

MISCELLANEOUS ADVANCES FROM CONSOLIDATED FUND. Income and Expenditure Account fob the Year ended 31st March, 1940. i Expenditure. £ Income. £ Excess of income over expenditure .. .. .. 18,887 Interest on advances .. .. .. ..18,831 Surplus from Waitangi Land Settlement Association .. 56 £18,887 £18,887 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. Advances from Consolidated Fund .. .. .. 660,988 Advances to— £ £ Writings-ofi in Suspense .. .. .. .. 1,440 Land-settlement associations . i .. 155,294 Treasury Adjustment Account .. .. .. 13,040: State Forest Account .. .. .. 87,405 Excess of income over expenditure .. .. .. 18,887 Rural Intermediate Credit Board .. 400,850 Agricultural associations .. .. 1,112 Sundry .. .. .. .. 674 645,335 Interest due, unpaid, or accrued .. .. .. 47,586 Assets in Suspense Account .. .. .. 1,440 £694,361 • £694,361 Note.—Some loss of interest and principal is anticipated in respect of advances to land-settlement finance associations. A. R. F. Mackay; Accountant to the Treasury. I hereby certify that the Income and Expenditure 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 departmental note enlaced thereon. —Cyril G. Collins, Controller and AuditorGeneral. PUBLIC WORKS DEPARTMENT. ELLESMERE AND FORSYTH RECLAMATION AND AKAROA TRUST ACCOUNT (PUBLIC WORKS IjJUND). (Section 383, Land Act, 1924.) Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. £ Accumulated Fund .. .. .. .. 16,914 Net receipt from sale or lease of Ellesmere Lake lands .. 129,089 Less expenditure on construction, &c., of LincolnAkaroa Railway .. .. .. .. 112,175 £16,914 £16,914 J. W. Scott, A.R.A..N.Z., Chief Accountant, Public Works Department, Wellington. I hereby certify that the Balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.—Cyril G. Collins, Controller and Auditor-General. NATIONAL DEVELOPMENT ACCOUNT (PUBLIC WORKS FUND). ROADS, HARBOUR-WORKS, ROADS ON GOLDFIELDS, LANDS (MISCELLANEOUS), ETC. Income and Expenditure on Capital Account for the Year ended 31st March, 1940. Expenditure. £ Income, £ Net expenditure (including a proportion of general Recoveries on account of expenditure of previous " departmental " administrative expenditure) on years— the following works'— £ Roads .. .. .. .. .. 1,157,99.1 Roads .. .. .. .. 20 Harbour-works .. .. .. .. 1,589 Lands .. .. .. .. 1,076 Lands: Miscellaneous .. .. .. 170,930 [ 1,096 Development of flax industry .. .. . 523 Balance, being excess of capital expenditure over capital income, on roads, harbour-works, &e., transferred to National Development Account .. .. 1,329,937 £1,331,033 j £1,331,033

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