B—l [Pt. IV]

Capital. Maintenance. Capital. MaintenanceDr. £ £ Gr. £ £ Remissions .. .. .. .. 893 658 Balance as at Ist April, 1944 .. .. 1,222 7,649 Transfer to Reserve Fund .. .. 1,530 .. Rates struck for 1944-45 year .. .. 10,492 6,018 Interest on capital cost .. .. .. 8,425 .. Penalty, 10 per cent., added to rates .. 99 53 Cost of maintenance .. .. .. .. 13,256 Remissions transferred to Revenue Account .. 2,636 2,393 Balance as at 31st March, 1945 .. .. 3,601 6,618 Subsidy on maintenance costs .. .. .. 4,419 £14,449 £20,532 £14,449 £20,532 Revenue Account for the Year ended 31st March, 1945 Dr. £ £ Gr. £ Losses written off— Accrued rent .. .. .. .. .. .. 191 Maori rates .. .. .. .. 5,029 Interest on capital cost recoverable by rates .. .. .. 8,425 Law-costs .. .. .. .. .. 2 Balance, carried down .. .. .. .. .. 15,982 5,031 Interest on loan capital .. .. .. .. .. 19,567 £24,598 £24,598 £ £ Balance, brought down .. .. .. .. .. 15,982 Balance, transferred to Drainage Works Account .. .. 16,157 Adjustment in respect of hire of plant wrongly credited in previous year .. .. .. .. .. .. .. 175 £16,157 £16,157 Treasury Adjustment Account for the Year ended 31st March, 1945 Dr. £ Gr. £ Receipts and Payments Account .. .. .. .. 6,169 Balance as at Ist April, 1944 .. .. .. .. 311,542 Hauraki Plains Settlement Account: Net transfer .. .. 347 Swamp Land Drainage Account: Net transfer .. .. 372 Balance as at 31st March, 1945 .. .. .. .. 324,965 Interest on loan capital .. .. .. .. •• 19,567 £331,481 £331,481

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year ended 31st March, 1945

60