SOLUTION:
Use text entry box on the start menu to type akonadi
Select Akonadi Console
Select Kmail Folders, configure natively
The application was looking for current in /home/jim/.kde4/share/apps/kmail/mail/ but they only exist at the next level ie
/home/jim/.kde4/share/apps/kmail/mail/Web stuff.
Changed to point to a random sub-folder and now fully functional.
Comment from the forum (not checked myself yet):
SOLUTION:
Use text entry box on the start menu to type akonadi
Select Akonadi Console
Select Kmail Folders, configure natively
The application was looking for current in /home/jim/ .kde4/share/ apps/kmail/ mail/ but they only exist at the next level ie .kde4/share/ apps/kmail/ mail/Web stuff.
/home/jim/
Changed to point to a random sub-folder and now fully functional.