B r l ; [Pt. IV]

SMALL FARMS SCHEME— continued'. ■ V ; CIVILIANS' SECTION J. Revenue Account for the Year Ended 31st March, 1948 Dr ■ . 1 Cr. £ interest on capital £ £ j Rents receivable .. .. .. .. .. . 4 037 Loan capital .. .. .. .. .. 67,903 j Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 j Current Account mortgage .. .. .. 2,812 ,69,463! Instalment mortgage .. .. 16 184 Rent payable 384 1 . Share-milkers' loans ; '47 Rebates ..••• •• .. ...... ... l,£>B6i ... Water-supplies ..' .. 520 .■Accident compensation .. .. .. .. .. -209; Miscellaneous .. .. " " n« Miscellaneous expenses .. .. .. • .. . , 16l j'' 19 079 Losses on realization of advances to small farms occupiers .. 4921 Interest accrued. On loan to Napier Harbour Roard .. 1636 Losses on disposal of developed blocks .. .. • .. 3; Interest on development expenditure recouped .. .. 44 '999 Capital losses on revaluation, reallotment, &c. .. .. 214; Rebates on superphosphate. ~ .. .. .. '99 1 Capital profits on revaluation, reallotment, &c. .. ... 107 £72,512| Balance: Loss for year carried down .. 1,155 To Balance : Loss brought forward from 3lst March, 1947 .. 186,498; . ' £72,512 Loss for year brought down .. . 1,'11j5 j £ ' Balance: Loss to 31st March, 1948, carried forward .. .. 187,653 ' ' .' . . £187,653 Note.— In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue- Account for rent charged m advance of, or rent or interest accrued to but not payable at, 31st March,- -1948.

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