§ Mr. LEWISasked the Minister of Agriculture what proportion of the difference between the sum of £32,697 14s. 5d. received by and the sum of £66,886 12s. 11d. paid out by the Commissioners of Crown Lands in respect of farms in hand for the year ended 31st March, 1932, represents a net loss on the year's workings, and what proportion represents fresh capital expenditure?
§ Major ELLIOTThe actual cash loss on the Crown farms in hand during the year ended 31st March, 1932, was £16,342 12s. 3d. The net capital expenditure on the farms during that year, as represented by the increase in the valuation of tenantright, live and dead stock over the valuation made at the beginning of the year, amounted to £17,846 6s. 3d.