B—l [Pt. IV]

Liabilities—continued £ Assets— continued £ Brought forward .. .. .. .. 518,683 Brought forward .. .. .. .. 802,974 Writings-off in Suspense .. .. .. .. .. 3,336 Unpaid purchase-money on land sold on deferred payment .. 679 Treasury Adjustment Account .. .. .. .. 372,045 Buildings .. .. .. .. .. .. 1,065 Buildings: Loading .. .. .. .. .. 134 Plant and machinery .. .. .. .. .. 976 Loose tools .. .. .. .. .. .. 69 Stores on hand .. .. .. .. .. .. 883 Motor-vehicles .. .. .. .. .. .. 50 Sundry debtors for rates : Drainage Area. Capital. Maintenance. £ £ Kaitaia .. .. 7,373 3,580 10,953 Waihi .. .. 2,058 1,578 3,636 Poukawa .. .. 3,228 800 4,028 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage £ Amendment Act, 1926 .. .. .. 82 Law-costs .. .. .. .. .. 216 Departmental .. .. .. .. .. 1 299 Revenue Account— Waihi Drainage Area : Central Subdivision 22,816 General Revenue Account .. .. .. .. 29,067 Suspense Account— Capital rates remitted : Kaitaia Drainage Area .. .... .. .. .. .. 13,015 Losses in Suspense .. .. .. .. .. 3,336 Interest accrued but not due .. .. .. .. 9 Cash in transit from post-office .. .. .. .. 75 £894,064 £894,064 Note. —Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rates Accounts and interest on the balance of the expenditure was capitalized, but, in terms of Treasury Instructions No. 81, Treasury agreed that thereafter interest on irrecoverable expenditure need not be brought into the aocounts. D. M. Greig, 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 B-l [Pt. IV].—J. P. Rutherford, Controller and Auditor-General.

SWAMP LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st March, 1945— continued

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