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B. — l [FT, IV]

1945 NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1943-44 AUDITED ACCOUNTS

(Presented to Parliament in Terms of Section 57 of the Finance Act, 1932)

This publication is one of a scries of four statements dealing witli the Public Accounts, as under : — 8.-l [Pt. I] . —Abstract of the Public Accounts and Supplementary Statements. 8.-l [Pt. ll]. — Report of Controller and Auditor-General and Details of Revenue and Expenditure. 8.-l [Pt. Ill], —Statement of the Public Debt and Transactions in connection therewith. 8.-l [Pt. IV]. —Balance-sheets of various Government Departments.

B.—l [P T . IV]

CONTENTS

PAGE P/IGIt Arawa District Trust Board .. .. .. 3 Post and Telegraph Department .. .. ... 27 Electric Supply Account .. .. .. .. 4 Printing and Stationery Department .. . 29 Government Life Insurance Department (see Parlia- Public Service Superannuation Fund (see Parliamentary mentary Paper H.-8). Paper H.-26). Hauraki Plains Settlement .. .. .. ..11 Public Trust Office (see Parliamentary Paper 8.-9 a). Housing Account (see Parliamentary Paper 8.-13). Railway Department (see Parliamentary Paper D.-2) Land for Settlements Account ' 12 Superannuation Fund (see Parliamentary Paper Main Highway Account (see Parliamentary Paper D.-l). Rangitaiki Land Drainage Scheme .. .. 31 Maori Purposes Fund Board 16 Small Farms Scheme . . 32 are ing epar men State Coal-mines Account (see Parliamentary Paper C.-2a). lixport Division (see Parliamentary Paper H.-30). State Fire Insurance OfficeInternal Marketing Division (see Parliamentary Paper Fire Branch (see Parliamentary Paper IT.-6). H'~3oa). Accident Branch (see Parliamentary Paper H.-6a). National Broadcasting Service .. .. ..17 State Forest Service .. .. .. ..34 National Broadcasting Service: Commercial Division .. 18 Swamp Land Drainage Scheme .. .. ..36 Native Department— Taranaki Maori Trust Board .. .. ..38 District Maori Land Boards 19 | 1 'eachers' Superannuation Fund (see Parliamentary Native Land Development Schemes .. .. 23 m Pa P er _ , Native Housing Fund .. .. 24 Tuwharetoa Trust Board .. ..39 Mot;™ * * War Damage Fund (see Parliamentary Paper 8.-l 1). 26 Westport Harbour Account .. .. 40

EXPLANATORY MEMORANDUM The following notes are explanatory of the more important matters relating to the preparation of the balance-sheets and revenue accounts included in 8.-l [Pt. IV], 1944, which are prepared on an income and expenditure basis and present a more comprehensive statement of the financial operations of Departments and services than is possible in the cash statements included in papers 8.-l [Pts. I and ll]. (i) Authority. Section 57 of the Finance Act, 1932, requires the preparation of these accounts and their presentation to Parliament. (ii) Capital— (a) General: The amounts under this heading in the accounts usually represent the value of fixed assets at the conclusion of the financial year, and the amounts are divided to show loan capital separate from that provided from revenue or other source. (b) Public Works Loans: Loans for the Public Works Account arc shown as Public Works Fund Capital in the appropriate accounts recording the expenditure. Redemptions of those loans are allocated by the Treasury to the accounts whose expenditure is represented by the least productive assets. (iii) Depreciation. Ireasury Instruction No. 79 specifies various rates of depreciation based on an estimated average life for different classes of assets. The rates are computed usually on the original capital cost. If the nature of a Department's depreciating assets calls for special rates, these are approved as required. (iv) Exchange. As from Ist April, 1943, exchange has been charged to the various votes, &c., on all payments made overseas. Prior to this date exchange was charged to the Consolidated Fund, but was recouped in the case of payments made for the following purposes: for Telegraph Extension in the case of purchases made for the Post Office, and for Railways Improvement and Additions to Open Jjines in the case of purchases made for the Railways. Exchange was also recovered from all separate accounts, both within and outside the I üblic Account, in respect of remittances for the purchase of materials and miscellaneous services. (v) Charges not subject to specific Appropriation.—ln pursuance of the general authority quoted in (i) above, certain charges such as administration, exchange of properties, assessed lental values, interest on capital and depreciation allowances, &c., are made between Government accounts through the Treasury Adjustment Account without cash payments or specific appropriation by Parliament. . ( vi ) Interest.—ln the accounts an average rate, at present 4 per centum per annum is charged for all accounts with the exception of Housing Account. (vii) Rentals.—Some Departments occupying private premises actually pay rentals. Others occupying Government buildings arq assessed annually with rental based on the average rate of interest, the cost or valuation of the property, and the class of building (vm) Treasury Adjustment Account.—This is the equivalent of a " Head Office Account " in branch accounting, and through it are passed inter-departmental transfers and the total of cash transactions for the year. Separate accounts (see vi) having their own cash balances do not utilize a Treasury Adjustment Account. (ix) Values.—When the provision of accounts and balance-sheets on a commercial basis by all Departments was first instituted about 1922, it was necessary to bring numerous Properties and assets into account by means of a fair valuation. New assets since then or additions, are usually recorded at actual cost with any depreciation provision shown either as a deduction or separately. (x) Non-publication of Balance-sheets.—Publication of a considerable number of balance-sheets has been discontinued because of shortage of staff and as a paper-conservation measure.

B.—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD Receipts and Payments Account foe the Year ended 31st March, 1944 Receipts £ £ Payments £ Bank balance, 31st March, 1943 .. .. 795 Bonds and debentures .. .. .. .. 2,143 Reserve Bank of New Zealand .. .. 1,000 Administration expenses .. .. .. .. 1^276 1,795 Rotorua Borough Council .. .. .. .. 541 New Zealand Government statutory grant .. .. 6,000 Loans granted .. .. .. .. ..1 720 Loans and repayments .. .. .. .. 1,154 Grants (maraes, education, &c.) .. .. .. '864 Contributions and subsidies (maraes, meetinghouses, &c.) 1,718 Special grants .. .. .. .. ..1 191 Deposits .. .. ~ .. . . .. 1,097 Deposits .. .., .. .. .. .. j j 324. Miscellaneous .. .. .. .. .. 480 Advances, sundry tribes, &c. .. .. .. ' 105 Refunds .. .. .. .. .. .. 928 Miscellaneous .. .. .. ~ .. 2,093 Sundry credit for wage-tax .. .. .. .. 1 Maori arts and crafts .. .. .. .. '240 Arawa Maori Council .. .. .. .. 2 Sundry rates .. .. .. .. .. 100 Maketu rents and taxes, &c. .. .. .. 40 Sundry credits for wage-tax .. .. .. .. 58 Interest .. .. .. .. .. .. 26 Library .. .. .. .. .. . 3 Liberty Loan (Maketu Farm) .. .. .. 1,000 Office furniture .. .. .. .. .. 5 Maketu general expenses .. .. .. .. 200 Maketu— Whakapoungakau 4k .. .. .. .. 36 Rents, taxes, &c... .. .. .. .. 2 Interest, Maketu Farm .. .. .. .. 1,000 General expenses .. .. .. " 26 Advances, sundry tribes, &c. .. .. .. 201 Refunds, Arawa Trust Board : Maketu Farm .. .. 500 Arawa Buildings Co., Ltd. .. .. .. .. 27 fi" Bank balance, 31st March, 1944 .. .. 1,460 Reserve Bank : War Loans Account .. .. 1,000 Liberty Loan (Third Stock) .. .. .. 1,000 3,460 £15,678 £15,678 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ £ Income £ Aged and infirm .. .. .. .. 3 Arawa Trust Board (Treasury) .. .. 6,000 Arawa primary production ...... 3 £ " Educational grants .. .. .. 358 Maketu Farm: Interest paid, 1943-44 .. 1,000 Interest .. .. .. .. .. 628 Interest received: Liberty Loan .. .. 15 Marae grants .. .. .. .. 358 Interest received ex Waiariki Maori Land Board Members' expenses .. .. .. 98 Assignment .. .. .. .. 4 Maketu Centennial Memorial .. .. 150 Interest received: Government stock, £1,000 .. 11 Office— • 1,030 Kent .. .. .. .. .. 65 Discounts .. .. ~ ~ _ _ 35 Expenses .. .. .. .. 266 Fishing licenses .. .. .. .. ~ 4 Salaries .. .. .. .. .. 866 Suspense Account .. .. .. .. .. 30 Special grants .. .. .. .. 1,045 Audit fees: Adjustment overcredited.. .. .. 12 Depreciation .. .. .. .. 180 Maketu houses: Rent .. .. .. " 17 Ohinemutu sewerage .. .. .. 664 Whakapoungakau 4k : Rent .. .. ]' 55 Tarewa Rates .. .. .. .. 315 Waikato Grants: Amount received (adjustment of finance) 24 Wahiao County Celebrations: Adjustment of Credit Maori Council : Saloon license .. .. .. 2 balance written off previous year in error .. 333 Board members (nominations forfeited) .. 4 Maketu rates uncollectable .. .. .. 21 Ngapuna Grant: Grant .. .. .. 17 Arawa war effort .. .. .. .. 100 Mokoia primary production .. .. .. 188 Maori arts and crafts mortgage .. .. 44 5,706 Balance forward .. .. .. .. .. 1,503 £7,209 £7,209 Reconciliation £ £ Loans repayment .. .. .. .. .. 1,506 Balance brought down .. .. .. 1 503 Bad debts written off .. .. .. .. 1,133 Maketu Farm : Interest accrued, 1936-43 .' 4' 569 Balance, Income and Expenditure Account, 31st March, Credit balance, transferred to Income .. .. '9 1944 .. .. .. .. .. .. 17,367 Balance, Inoome and Expenditure Account, Ist April, 1943 13,925 £20 > 006 £20,006 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Native Trustee (Treasury) .. .. .. ..16,331 Property investments— Sundry creditors .. .. .. .. .. 31 Maketu .. .. .. .. 34 140 Sundry accounts in credit .. .. .. .. 132 Whakapoungakau 4k .. .. . | '433 Amounts held in trust .. .. .. .. 87 Other properties .. .. .. . .. 2 080 Miscellaneous .. .. .. .. .. 25 Other investments .. .. .. .. " 'jq Sundry villages .. .. ~ .. .. 1,039 Loans, including interest .. .. ~ 3 753 Sundry tribes .. .. .. .. .. 132 Sundry debtors .. .. .. __ 3*949 Sundries .. .. .. .. .. .. 67 Equipment, plant, &c. .. .. .. ' '347 Services rendered .. .. .. .. .. 150 Cash in hand .. .. .. '' '' 98 Deposits .. .. .. .. .. .. 135 £ Loans Repayment Reserve .. .. .. .. 12,709 Bank of New Zealand .. .. .. 1 779 Income and Expenditure Account .. .. ..17,367 Less outstanding cheques .. .. '310 Reserve Bank: War loan .. .. .. ~ 1000 Liberty Loan (Third stock) .. .. .. '' l'ooo £48,205 £48,205 Kepa Ehau, Deputy Chairman. T. K. Thompson, Secretary. The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited hereby certifies them to be correct. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1944 General Balance-sheet at 31st March, 1944, compared with Position at 31st March, 1943

Liabilities. 1943-44. 1942-43. Assets. 1943-44. 1942-43. £ £ £ £ £ £ National Development Loans Account — i North Island scheme — At 4 per cent, interest .. .. .. 19,040 ,114 17,624,601 Assets as per separate balance-sheet .. 15,764:, 252 14,565,376 \ Investments, Sinking Fund .... .. 98 Consolidated Fund —- ■ ! 15,764,252 - Interest accrued on loans to 31st March, .. 144,454 j 14,565,474 1940 — Interest reserve, being excess of interest .. 58,242 58,479 charged to schemes over interest actually jj South Island scheme — paid on capital liability ! Assets as per separate balance-sheet .. 8,406,238 8,167,458 Investments, Sinking Fund .... .. 91 Sundry creditors — 8,406,238 North Island scheme .. .. 192,645 166,390 8,167,549 South Island scheme .. .. 57,309 99,190 249,954 — j 265,580 Cobb River scheme .. .. .. .. 854,606 580,559 Depreciation Reserve —- North Island scheme .. .. 1,761,024 1,468,567 South Island scheme .. .. 991,178 942,121 Surveys and General .. .. .. .. 21,579 21,129 2,752,202 2,410,688 Loan Redemption Fund — Amount utilized for redemption of loans 2,440,767 2,201,311 Balance in Electric Supply Account at the Available for farther redemptions .. 462,934 239,456 end of year — —- ——- — 2,903,701 — Cash in Public Account .. .. 36,965 3 2,440,767 \ Imprests outstanding .. .. 22,393 ; 59,358 — Reserve Fund — 3 North Island scheme .. .. 98,532 301,015 \ South Island scheme.. .. .. .. 86,766 98,532 387,781 Sundry credit balances.. .. .. .. 3,258 2,364 Total .. .. .. .. £25,106,033 £23,334,714 Totals .. .. .. .. £25,106,033 £23,334,714 Contingent Liability Arrears of appropriation to Loan Redemp- £52,907 £199,902 tion Fund [ J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1944, compared with Year ended 31st March, 1943 Gross Revenue Account

Net Revenue and Appropriation Account

1943-44. 1942—43. 1943-44. 1942-43. To Generating-expenses (hydro-electric)— £ £ j £ |j By Sales of electrical energy— £ £ £ £ Arapum .. .. .. .. .. 44,038 47,743 Bulk for resale .. .. 1,686,634 1,608,760 Horahora .. .. .. .. .. 8,593 9,319 Other than for resale — Mangahao .. .. .. .. 14,058 14,129 \ Traction .. .. 22,358 21,34-3 Waitaremoana (Tuai) .. .. .. 17,136 19,353 j Industrial .. .. 42,816 44,935 Waikaremoana (Piripaua) ...... 4,476 Retail .... 3,334 3,224 88,301 68,508 90,546 1,755,142 — Generating-expenses (fuel) — i f Qjg.262 Penrose .. .. .. .. 8,272 1,210 Rents— —— Huntly .. .. .. .. .. 907 1,284 Land and buildings .. .. 16,381 15,367 Kings Wharf .. .. .. .. 144,301 128,164 Lines and plant .. .. 651 539 153,480 1 17,032 — 130,658 15,906 Purchase of power in bulk .. .. .. .. 267,271 173,335 Miscellaneous revenue .. .. .. 2,733 2,532 Standby charges .. .. .. .. .. 32,155 32,150 541,207 426,689 Transmission system: Patrol and maintenance .. .. 44,624 41,835 Substations: Operation and maintenance .. .. 63,854 79,974 Communication system: Patrol and maintenance .. 4,599 3,382 Distribution: Maintenance .. .. .. .. 1,984 1,379 System operation, testing, &c. .. .. .. ».. 19,313 21,487 Management and general expenses .. .. .. 69,882 67',684 745,463 642,430 Balance, to Net Revenue and Appropriation Account .. 1,029,444 1,054,270 £1,774,907 £1,696,700 j £1,774,907 £1,696,700

J. J. J. 1943-44. 1942-43. 1943-44. 1942-43. [I - £ £ £ £ £ To Interest (gross) for year ended 31st March, 1944.. 498,616 463,844 By Balance from Gross Revenue Account .. .. 1,029,444 1,054,270 Less interest capitalized .. .. 49,460 64,555 Transfer from Reserve Fund (Finance Act (No. 2), 1944, 202,483 92,314 449,156 —— Section 9) 399,289 Depreciation on completed works .. .. .. 237,521 229,778 Loan Redemption Fund .. .. .. .. 208,068 197,652 Social Security charge, national-Security tax, income- .. 337,182 319,865 tax £1,231,927 £1,146,584 £1,231,927 £1,146,584

B.—i [p T . iv;

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Depreciation Reserve Account

Loan Redemption Fund Account

Reserve Fund Account

£ £ £ £ To Balance.. .. .. .. .. .. 1,892,720 £1,684,652 By Balance at close of previous year .. .. .. 1,684,652 1 486 962 Interest.. .. .. .. .. .. .. '' 38 Amount set aside as per Net Revenue and Appropriation 208, 068 197 652 Account £1,892,720 £1,684,652 £1,892,720 £1,684,652

1943-44. 1942-43. 1943-44. 1942-43. £ £ | £ £ To Replacements, Renewals, &c. .. .. .. 3,807 33,572 I By Balance from previous year's statement .. .. 1,468 567 1 223 424 Balance .. .. .. .. .. 1,761,024 1,468,567 Interest at 4 per cent, per annum .. .. .. 58 743 ' 48 937 Amount set aside as per Net Revenue and Appropriation 237,521 229,778 Account £1,764,831 £1,502,139 £1,764,831 £1,502,139

£ £ £ £ To Net Revenue and Appropriation Account .. .. 202,483 92,314 By Balance at close of previous year . <>/, i n i ?0 , too Balance .. .. .. .. .. 98,532 301,015 ! " MJ.JM £301 ' 015 £393,329 £301,015 £393,329

B.—l [Pt. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY —continued Balance-sheet at 31st March, 1944, compared with position at 31st March, 1943

1943-44. 1942-43. 1943-44. 1942-43. Liabilities £ £ £ Assets £ i £ £ Depreciation Reserve .. .. .. .. 1,761,024 1,468,567 Hydro-electric plants — Arapuni .. .. .. .. 2,758,503 2,732,390 Loan Redemption Fund — Horahora .. .. .. .. 327,110 327,215 Utilized for redemption of loans .. 1,684,652 1,486,902 Mangahao .. .. .. .. 1,373,611 1, 366,245 Available for/urther redemptions .. 208,068 197,750 Waikaremoana (Tuai) .. .. 835,687 788,879 — ——- — — 1,892,720 Waikaremoana (Piripaua) .. .. 977,509 918,364 1,684,652 6,272,420 6,133,093 Reserve Fund .. .. .. .. 98,532 301,015 Fuel-plants — Sundry creditors .. .. .. .. 192,645 166,390 Penrose .. .. .. .. 66,522 65,431 Sundry credit balances .. .. .. 449 339 Huntly .. .. .. .. 11,264 11,264 Head Office Account .. .. .. .. 11,818,882 10,944,511 King's Wharf .. .. .. 396,061 406,589 473,847 — 483,284 Transmission-lines system .. .. .. 2,406,249 2,384,637 Substations .. .. .. .. .. 2,026,591 1,819,410 Communication system.. .. .. .. 213,210 202,526 Distribution system .. .. .. .. 69,903 58,268 Offices, stores, land, buildings, &c. .. .. 80,833 74,597 Cost of raising loans .. .. .. .. 333,024 333,096 Interest during construction — On assets in operation .. .. 1,143,166 1,117,208 On assets not in operation .. .. 50,373 26,871 — 1,193,539 — 1,144,079 Works under construction .. .. .. 1,789,566 1,069,378 14,859,182 13,702,368 Plant, motor-vehicles, and tools .. .. .. 79,605 67,614 Stocks of materials .. .. .. .. 400,760 374,147 Sundry debtors .. .. .. .. 424,705 421,247 Sinking Fund investments .. .. .. .. 98 £15,764,252 £14,565,474 £15,764,252 £14,565,474

B.—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Yeae ended 31st March, 1944, compared with Year ended 31st March, 1943 Gross Revenue Account

Net Revenue and Approbation Account

1943-44. i 1942-43. j —- 1943-44. 1942-43. ! | Jj ; To Generating-expenses (hydro-electric) — £ £ £ \ By Sales of electrical energy £ £ £ £ Lake Coleridge .. .. .. •• 19,039 17,494 Bulk for resale .. .. 549,805 498,623 Lake Waitaki .. .. .. .. 15,101 14,453 Other than for resale — Kaimata .. .. .. •• 2,125 2,136 Traction .. .. 33,194 32,561 Monowai .. .. 7,459 7,542 Industrial .. .. 100,758 94,933 43,724 Retail .. .. 111,152 109,358 41,625 — 245,104 — 794,909 735,475 Generating- expenses (fuel) Dobson .. .. •• 32,568 6,310 - Purchase of power in bulk .. .. .. •* 2,676 129 Rents Standby charges .. .. .. .. -• 225 225 Land and buildings .. .. 4,970 4,711 Lines and plant .. .. 496 502 79,193 48,289 5,466 Transmission System: Patrol and maintenance •• 21,091 20,694 5,213 Substations: Operation and maintenance .. •• 31,010 31,599 > Communication System: Patrol and maintenance .. 3,301 2,343 Miscellaneous revenue .. .. .. 8,705 8,754 Distribution: Maintenance .. .. .. •• 28,189 23,892 System operation, testing, &c. .. .. •• 11,378 12,023 Management and general expenses .. .. •• 64,793 62,737 238,955 201,577 Balance, to Net Revenue and Appropriation •• 570,125 547,865 Account """""" j £809,080 £749,442 £809,080 £749,442 I ~ — =

•— I | 194-3-44. 1942-43. 1943-44. 1942-43. £ £ £ £ £ To Interest (gross) for year endedr31st March, 1944.-. 283,299 ; 277,462 By Balance from Gross Revenue Account .. .. 570,125 547,865 Less interest capitalized .. 14,810 ! 14,082 Transfer from Reserve Fund (Finance Act (No. 2), 1944, 86,766 i 268,489 Section 9) 263,380 Depreciation on completed works .. .. •- 29,797 ! 134,473^ Loan Redemption Fund .. .. .. - • 254,866 41,615 Social Security charge, national security tax, | .. I 103,739 j 108,397 income-tax ! ! " — £656,891 £547,865 £656,891 £547,865 __________ ===========Ba—

B.—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY —continued Depreciation Reserve Account

Loan Redemption Fund Account

Reserve Fund Account

2 —B. 1 [PT, IV]

1943-44. 1942-43. j 1943-44. 1942-43. f £ £ £ To Replacements, Renewals, &c. .. .. .. .. 18,425 57,198 By Balance from previous year's statement.. .. .. 942,121 831,583 Balance .. .. .. .. .. .. 991,178 942,121 Interest at 4 per cent, per annum .. .. .. 37,685 33,263 Amount set aside as per Net Revenue and Appropriation 29,797 134,473 Account j £1,009,603 £999,319 £1,009,603 £999,319

£ £ £ £ To Balance .. .. .. .. .. .. 1,010,981 756,115 By Balance at close of previous year .. .. .. 756,115 714,464 Interest .. ,. .. .. .. .. .. Amount set aside as per Net Revenue and Appropriation 254,866 41,615 Account £1,010,981 1756,115 £1,010,981 £756,115

£ £ £ £ To Net Kevenue and Appropriation Account .. .. 86,766 .. By Balance at close of previous year .. .. .. 86 766 86 766 Balance .. .. • .. .. .. .. 86,766 £86,766 £86,766 £86,766 £86,766

B.—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY —continued Balance-sheet at 31st March, 1944, compared with Position at 31st March, 1943

1943-44. 1942-43. 1943-44. 1942-43. Liabilities £ £ £ Assets £ £ £ Depreciation Reserve .. .. .. .. 991,178 942,121 Hydro-electric plants — Loan Redemption Fund — Lake Coleridge .. .. .. .. 858,084 858,083 Utilized for redemption of loans .. .. 756,115 714,409 Lake Waitaki .. .. .. .. 1,976,661 1,976,357 Available for further redemptions .. 254,866 41,706 Kaimata .. .. .. .. 145,455 145,455 1,010,981 — Monowai .. .. .. .. 208,070 207,374 756,115 — — 3,188,270 3,187,269 Fuel-plants — — —— — Reserve Fund .. . . .. .. .. .. 86,766 Dobson .. .. .. .. .. 136,547 136,692 Transmission-lines system .. .. .. .. 1,088,516 1,014,967 Substations .. .. .. .. .. 935,913 849,572 Sundry creditors .. .. .. .. .. 57,309 99,190 Communication system .. .. .. . . 81,116 79,035 Distribution system .. .. .. .. 902,792 893,647 Offices, stores, land, buildings, &c .. .. .. 22,054 21,983 Sundry credit balances .. .. .. .. 2,783 2,025 Cost of raising loans .. .. .. .. 540,309 540,495 Head Office Account .. .. .. .. 6,343,987 6,281,332 Interest during construction — On assets in operation .. .. .. 493,130 487,766 On assets not in operation .. .. 35,196 25,749 528,326 — 513,515 Works under construction .. .. .. .. 505,588 460,767 7,929,431 7,697,942 Plant, motor-vehicles, and tools .. .. .. 107,653 105,891 Stocks of materials .. .. .. .. 193,241 189,619 Sundry debtors .. .. .. .. .. 175,913 174,006 Sinking Fund investments .. .. .. .. .. !)1 £8,406,238 £8,167,549 £8,406,238 £8,167,549 Contingent Liability ============== ===6=== ==== Arrears of appropriation to Loan Redemption £52,907 £199,902 Fund

fc.—l [Pt. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT Revenue Account for the Year ended 31st March, 1941 Dr. £ Or. £ Interest on capital .. .. .. .. .. 6,131 Accrued rents .. .. .. .. .. 4,293 Administration expenses, rebates, and remissions .. 843 Accrued intgtest on sales of land, &c. .. .. 2,336 Kaiherc Ferry (net cost of operating) .. .. 131 Loss for year carried down .. .. .. .. 297 Writings off .. .. .. .. .. 21 £7,126 £7,126 £ £ Net loss brought down .. .. .. 297 Balance carried forward : Loss to 31st March, 1944 .. 380,160 Balance from previous year .. .. .. 379,863 £380,160 £380,160 Rate Account for the Year ended 31st March, 1944 Dr. £ Cr. £ £ Balance at Ist April, 1943 .. .. .. .. 200 Rates levied for 1943-44 .. .. ..3,059 Maintenance of completed works .. .. .. 3,220 Penalty on 1943-44 rates .. .. .. 25 Remissions .. .. .. .. .. 278 3 084 Balance at 31st March, 1944 .. .. .. 614 £3,698 £3,698 Treasury Adjustment Account for the Year ended 31st March, 1941 Dr. £ Or. £ Crown Lands Account: Transfer of assets .. .. 7,710 Balance at Ist April, 1943 .. .. .. .. 389,808 Capital Account .. .. .. .. .. 12,278 Crown Lands Account: Transfer of capital (P.W.) .. 7,710 Receipts and Payments Account .. .. .. 1,715 Interest on loan capital .. .. .. .. 6,131 Balance, 31st March, 1944 .. .. ~ .•. 382,241 Lands and Survey Department Account: Administration expenses .. .. .. .. .. 295 £403,944 £403,944 Balance-sheet as at 31st March, 1944 Liabilities . Assets Capital Account— £ £ £ Improved lands handed over to Land Board Loan capital .. .. .. 808,828 for settlement— £ £ Less redemptions .. .. 665,000 Leased .. .. .. .. .. 85,354 — 143,828 Unleased .. .. .. .. 744 Capital provided from Ordinary Revenue Unpaid purchase-money for land sold on Account .. .. .. .. 12,278 deferred payment .. .. .. 43,045 Value of Crown land set apart under Act .. 45,000 129 143 Transferred from Discharged Soldiers Unimproved value of lands .. .. .. .. 14,755 Settlement Account .. .. .. 405 Works in progress: Expenditure on land in course of reclamation, including formation, 201,511 metalling of roads .. .. .. 700,660 Less cash to credit of Land for Settlements Less amount written off .. .. .. 665,000 Account .. .. .. .. 3,238 35,660 198,273 Capital expenditureEmployment Promotion Fund : Capital .. .. 10,084 Employment Promotion Fund .. .. .. 10,084 Consolidated Fund: Capital.. .. .. .. 6,112 Consolidated Fund .. .. .. .. 6,112 Sundry creditors .. .. .. .. .. 86 Artesian wells: Crown lands .. .. .. 217 Rent charged in advance .. .. .. .. 972 Buildings .. .. .. .. .. . . 1,111 Payments in advance .. .. .. .. 833 Wharves .. .. .. .. .. .. '5 Writings off in Suspense .. .. .. .. 48 Machinery, plant, and tools .. . . .. .. 6,902 Treasury Adjustment Account .. .. .. 382,241 Stores .. .. .. .. .. .. 6,080 Debtors— Buildings (unpaid purchase-price) .. .. 39 Rates .. .. .. .. .. 810 Rents, &c. .. .. .. .. 24 Miscellaneous .. .. .. ~ 6,202 7,075 Postponed rent .. .. .. .. .. 102 Rates Account .. .. .. , . ~ 614 Losses in Suspense .. .. .. .. .. 48 Interest accrued but not due .. .. .. 581 Revenue Account .. .. .. .. .. 380,160 £598,649 £598,649 R. tt. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], —J. P. Rutherford, Controller and Auditor-General.

B.—l [PT. IV] -

LAND FOR SETTLEMENTS ACCOUNT Receipts and Payments Account fob the Year ended 31st March, 1944 Receipts Payments Balances at beginning of year—• £ £ Vote " Land for Settlements Expenditure " —< £ £ Cash .. .. .. .. 072,533 Salaries .. .. .. 1,000 Imprests outstanding .. .. 8,461 Accident compensation .. .. 53 Investment securities .. .. 436,365 Administration expenses— £ 1,117,359 Development expenditure .. 3,479 Sales and capital receipts— Hutt Valley settlement .. 1,118 Estates and developed areas— £ Settlements .. .. 11,370 Estates .. .. ..145,168 15,967 Buildings on estates .. 5,537 Advances for development of occupied land 8,221 Land developed under Land Audit fees .. .. .. .. 250 Laws Amendment Act, 1929 9,896 Development operations on unoccupied Buildings on land developed land— £ under Land Laws Amend- Development of land .. 4,430 ment Act, 1929 .. .. 116 Chattels .. .. .. 2,780 160,717 Seasonal expenditure and Crown lands: Section 20, Land live-stock .. 52,043 Act, 1924.. .. .. .. 129,779 Wages— £ Land Act, 1924, section 208: Development 2,644 •• Capital value of land .. .. 2,368 Seasonal 19,400 Repayment of advances: Land 22,044 Laws Amendment Act, 81,297 1929 — Grants to County Councils for maintenance Current Account £ of roads serving lands farmed by Deadvances .. 14,462 partment .. .. .. .. 2,450 Instalment Mortgage Improvements to and protection of settleadvances .. 13,206 mentlands .. .. .. 2,204 Realization Account 185 Lodgments on account of capital 27,853 values of leases— £ Deteriorated Land Act, Interest on *. ■ .. 560 1925 — Refunds of .. .. 580 Current Account 1,140 advances .. 8 Payments for improvements to outgoing - Instalment Mort- lessees .. .. .. .. 2,665 gage advance .. 423 Preliminary expenses, inspections, &c. .. 48 431 Travelling allowances and expenses ~ 28 Benmore loan advances .. 79 Transfer from Hutt Valley settlement Miscellaneous advances .. 6 receipts (Finance Act, 1932, section 11) 32,000 28,369 147,323 321,233 Interest on capital liability .. .. .. 454,091 Rents and interest from estates, Expenditure charged on proceeds of sales &c.— of land : Crown lands .. .. .. 1,228 Rents— Expenditure referring to other DepartDerived from estates .. 355,631 ments and funds'— £ Land developed under Land ' Vote" Small Farms Development" .. 459,177 Laws Amendment Act, 1929 4,379 Vote " Native Land Settlement" .. 710,373 Hutt Valley land .. .. 459 1,169,550 360,469 Balances at 31st March, 1944— Interest' — Cash .. .. .. .. 326,110 Derived from estates .. 25,233 Imprests outstanding.. .. .. 5,185 Buildings on estates .. 3,747 Investment securities held .. ..1,000,000 Land developed under Land 1,331,295 Laws Amendment Act, 1929 1,268 Buildings on land developed under Land Laws Amendment Act, 1929 51 On Hutt Valley lands .. 4,419 34,718 Royalties .. .. .. .. 558 395,745 Interest on advances— Land Laws Amendment Act, 1929— Current Account advances .. 3,651 Instalment mortgage advances 5,785 9,436 Deteriorated Land Act, 1925— Current Account advances .. 26 Instalment mortgage advances 166 192 Benmore loan .. .. .. 144 9,772 Sales of produce, live-stock, and miscellaneous receipts— Seasonal and live-stock .. .. 107,713 Chattels .. .. .. .. 749 Improvements .. .. .. 1,671 Wages subsidy .. .. ... .. 2,390 Railway maintenance.. .. .. 1,045 Apanui drainage maintenance .. .. 30 Insurance .. .. .. .. 26 * ..... 113,624 1 ' '• • Interest on investments .. .. .. 8,899 ' ' ■' Carried forward .. .« £1,966,632 Carried forward ... ... £3,103,487

B.—l [PT. TV]

LAND FOR SETTLEMENTS ACCOUNT—continued Receipts and Payment Account foe the Year ended 31st March, 1944—continued Receipts—continued £ Payments—continued £ Brought forward .. .. 1,966,632 Brought forward .. .. 3,103,487 Receipts referring to other Departments and funds' — Hauraki Plains .. .. .. 365 Lands and Survey Department .. 197 Small Farms Account— Capital receipts .. 63,394 Credits-in-aid .. 331,913 395,307 Survey liens .. .. .. 1,590 Swamp drainage .. .. .. 68 Native Land development— Receipts previous years .. 1,094 Credits-in-aid .. .. 723,404 724,498 Native Housing Act, 1935 .. .. 14,663 1,136,688 Credits-in-aid: "Vote Land for Settlements"— Water levies .. .. .. 158 Seasonal and live-stock .. .. 1 War-damage insurance .. .. 6 Valuation fees .. .. .. 2 167 £3,103,487 £3,103,487 Revenue Account for the Year ended 31st March, 1944 Dr. Cr. Expenses of a general nature— Revenue of a general nature : Interest on investments— £ Interest on capital— £ in Public Account .. .. .. .. 5,054 Loans .. .. .. .. ~ 306,011 Revenue derived from estates— Value of Crown land in estates .. .. .. 8,478 Rents .. .. .. .. .. 371,952 Accumulated funds of Cheviot Estate .. .. 12,357 Interest on salesOther Departments and funds .. .. .. 1,728 Land .. .. .. .. .. 24,802 Sundry expenses re loan capital: Proportion of Buildings .. .. .. .. ~ 3,886 premium on loan conversions .. .. .. 7,800 Miscellaneous interest, &c. .. .. .. 81 Interest payable under section 208, Land Act, 1924 .. 560 Royalties .. .. .. .. .. 550 Audit fee .. .. .. .. .. 250 Land-development revenue— Expenses referring to estates— Rents .. .. .. .. .. .. 4,859 Capital losses on revaluation, reallotment, &c. .. 22,100 Interest on sales, &c. .. .. .. .. 1,503 Administration charges: Salaries, &c. .. .. 1,034 Interest on advances .. .. .. .. 10,143 Administration expenses .. .. .. .. 9,165 Interest earned on sundry blocks farmed by the Rebates .. .. .. .. .. 33,916 Department .. .. .. .. .. 8,817 Remissions of rent, &c. .. .. .. .. 9,094 Profit on disposal of developed blocks .. .. 1,194 Rents, &c., written off .. .. .. 1,382 Miscellaneous .. .. .. .. .. 2 Protection of securities : Repairs, &c. .. .. 566 Revenue derived under the Deteriorated Land Act, 1925 : Expenses chargeable to land-development revenue:— Interest on advances .. .. ~ .. 206 Administration expenses .. .. .. .. 820 Rebates .. .. . . .. .. 1,063 Remissions of rent, &c .. .. 17 Rents, &c., written off . . .. .. 535 Compensation for injuries to workmen .. .. 45 Losses on disposal of developed blocks .. .. 4,165 Miscellaneous . . .. .. . . . . 13 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925 :— Administration expenses .. .. .. .. 5 Rebates .. .. . . .. .. 12 Balance: Surplus for year carried down .. .. 11,933 £433,049 £433,049 i r*~rr | £ £ Balance brought forward .. .. .. .. 200,750 Surplus for year ended 31st March, 1944, brought down 11,933 Interest on capital moneys received from sale of Crown Adjustment of interest on loan capital in respect of lands (section 13, Land Jliaws Amendment Act, 1926) previous years .. .. .. .. ~ 948 payable to extent of surplus available .. .. 11,933 Balance carried forward: Deficiency to 31st March, 1944 .. .. .. .. .. 199,802 £212,683 £212,683

B.—l tPT. rv]

LAJN I) b'UB BKII ifiSMJSINTo ACCOUNT—continued. Balance-sheet as at 31st March, 1944 Liabilities Assets General General £ Capital— £ £ Cash and investments in the Public Account .. 1,331,295 Loans .. .. .. .. 7,630,270 Consolidated Fund: For interest on investments Crown lands included in estates .. 211,940 in Public Account .. .. .. .. 863 Cheviot Estate Account (see subsidiary Losses in Suspense .. .. .. .. 4,921 accounts attached) .. .. 320,111 Sundry miscellaneous debtors .. .. .. 794 Sales of Crown land under section 20, Revenue Account: Loss to 31st March, 1944 .. 199,802 Land Act, 1924 .. .. 3,094,413 Capital transferred from Discharged Estates Soldiers Settlement Account .. 4,789 Land— £ Cash referring to other Depart- Leased .. .. .. .. 8,804,119 ments and funds— £ Unleased .. .. .. 62,218 Hauraki Plains Account .. 3,238 8 866 337 Lands and Survey Depart- Provisional State forest .. .. .. 3'158 ment Aocount .. 286 Buildings and improvements unsold .. .. 7,610 Survey Liens Account .. 3,339 Advances on mortgage: Section 35, Swamp Land Drainage Ac- Finance Act, 1940.. .. .. .. 1(50 count .. .. 530 Sales debtors— Native Land Development Buildings, &c. .. .. .. 76,290 Account .. .. 53,149 Land .. .. .. .. 462,743 Native Housing Act, 1935, 539,033 Account .. .. 23,740 Plant and maohinery .. .. 3,835 Less depreciation .. .. .. 3,451 84,282 384 Less in Small Farms Loading on Otago University endowment Account .. .. 62,066 leases: Capital .. .. .. .. 1,260 22,216 Debtors for— 11,303,739 Royalties, rents, instalments, &e. .. 57,473 Deposits by lessees: Section 208, Land Act, 1924 .. 33,020 Postponed charges .. .. 10,944 Consolidated Fund: For interest due— £ Departmental and miscellaneous .. 1,706 On loan capital .. .. .. 411,921. — 70,123 On funds of other Departments and Realization Account .. .. .. 381 accounts .. .. .. 3,011 Interest accrued but not due .. .. .. 5,722 On capital moneys received from sale of Crown lands (section 13, Land Laws Land-development Amendment Act, 1926) .. .. 11,933 Land— £ 426,865 Leased .. .. .. .. 100,541 Reserve for losses on assets transferred from Unleased .. .. .. 12,304 Discharged Soldiers Settlement Account .. 8,191 112,845 Writings-off in Suspense .. .. .. 4,921 Sales debtors— Hutt Valley Land Settlement Account (see Buildings, &c. .. .. .. 990 subsidiary accounts attached) .. .. 1,297 Land .. .. .. .. 21,647 22,637 Estates Water-supply: Headworks .. .. .. 2,717 Rents and interest charged in advance .. .. 93,085 Mortgage outstandings (not yet payable)— Payments in advance : Rents and instalments .. 6,762 Current Account .. .. .. 74,628 Sundry suspense accounts .. .. .. 482 Instalment mortgage i. .. 110,112 Sundry creditors: Departmental and miscellaneous 1,745 190,740 Crown and settlement lands under Land-development development .. .. .. 287,094 Land set aside (section 8, Land Laws Amendment Expenditure 011 development of Crown Act, 1929) — and settlement landsAreas under development— £ Improvements .. .. .. 300,124 Crown lands .. .. .. 30,518 Chattels .. .. .. .. 16,906 Primary education endowment lands 890 Seasonal and live-stock .. .. 28,585 Settled areas— 345,615 Crown lands .. .. .. 44,990 Sundry debtors for— Primary education endowment lands 178 Rents, instalments, water levies, &c... 6,107 — 76,576 Postponed charges .. .. 35 Rents and interest charged in advance .. 1,168 Departmental and miscellaneous .. 339 Payments in advance: Rents and instalments .. 2,093 (i 481 Free capital from— Realization Account .. .. .. 7,493 Employment Promotion Fund .. 23,329 Deposits held by dairy companies .. 911 Consolidated Fund .. .. 30,362 Less reserve .. .. .. 183 53,691 728 Accrued interest on capital expenditure .. 119,767 Subsidies in respect of blocks disposed of .. 285 Suspense Account .. .. .. ~ 61 Unrecouped interest on development Sundry creditors: Departmental and miscellaneous 974 expenditure .. .. .. .. 119,767 Interest accrued but not due .. .. .. 2,031 Deteriorated Land Act, 1925 Suspense Account .. .. .. .. 52 Deteriorated Land Act, 1925 Mortgage outstandings— £ Current Account .. .. .. 548 Instalment mortgage .. .. 3,476 — 4,024 Sundry debtors for interest and principal instalments .. .. .. .. .. 164 Interest accrued but not due .. .. .. 25 £12,134,489 £12,134,189 11 ii 1 — . - R. G. Macmorran, Under-Secretary lor Lands. G. I. Beeson, Chief Accountant. 1 hereby certify that the Revenue Account q,nd 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B. 1 [ Pt. IV] and to the following comments : (1) the Cheviot Estate accounts do not include a credit for interest on assets comprising cash and certain securities held by the estate at Ist April, 1930, nor a debit in respect of interest thereon paid to the Consolidated Fund in terms of section 19 of the Finance Act (No. 2), 1930. These entries have been passed through the Land for Settlements Account (General) only. (2) The audit of the accounts of the Nelson Otago, and Westland Land. Districts is not yet completed.—J. P. Rutherford, Controller and Auditor-General.

B.—l | PT. IV"

LAND FOR SETTLEMENT ACCOUNT—continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land for Settlements Account) Revenue Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Interest on loan capital .. .. .. .. 6,437 Rents, &c. .. .. .. .. ..15,814 Interest on accumulated funds held .. .. .. 6,206 Interest on sales of land and buildings .. .. 1,424 Administration expenses .. .. .. ~ 758 Rebates .. .. .. .. .. .. 1,462 Remissions of rent and interest .. . . .. 37 Balance : Profit for year carried down .. .. 2,338 £17,238 £17,238 £ " £ Transfer to Reserve Account .. .. .. £2,338 Balance brought down .. .. .. .. £2,338 Balance - sheet as at 31st March, 1944 Liabilities Assets l Capital £ £ Land— £ £ Loan capital .. .. .. .. 160,918 Leased .. .. ;. .. 307,767 Accumulated fund .. .. 464,497 Unleased .. .. .. .. 325 308,092 625,415 Sales debtors (not yet payable)— Less cash paid to Land for Settlements Land .. . .. .. .. 22,413 Account .. .. .. .. 320,111 Buildings .. .. .. .. 150 305,304 22.563 Reserve Account .. .. .. .. .. 22,311 Sundry Debtors: Rents .. .. .. .. 374 Rents, &c., accrued but not due .. .. .. 3,740 Postponed rent .. .. .. .. .. 40 Rents and interest paid in advance .. .. .. 15 Interest accrued but not due .. .. .. 301 £331,370 £331,370 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Administration expenses .. .. .. .. 1,118 Gross profit on sales of land .. .. .. 7,500 Interest written off .. .. .. .. 42 Interest on sales .. .. .. .. 4,035 Rebates .. .. .. .. .. .. 23 Rent .. .. .. .. .. .. 370 Remissions .. .. .. .. .. 3 Balance (profit for year), transferred to Profit and Loss Appropriation Account .. .. .. .. 10,719 £11,905 £11,905 Profit and Loss Appropriation Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Balance carried forward : Profit earned to 31st March. Balance brought forward .. .. .. .. 208,691 1944 .. .. .. .. .. .. 219,410 Profit for the year transferred .. .. .. 10,719 £219,410 £219,410 Balance - sheet as at 31st March, 1944 Liabilities Assets £ Moneys provided by Land for Settlements Land on hand .. .. .. .. 5,120 Account for— £ £ Sales debtors (not yet payable) .. .. .. 79,026 Purchase of land .. .. .. 164,982 Sundry debtors— Street-formation .. ~ .. 206,888 Instalment— £ Incidental expenses .. .. .. 21,855 Principal .. .. ~ .. 3,040 Interest .. .. .. .. 2,157 393,725 Rents .. .. .. .. .. 59 Interest on capital provided .. .. 81,666 Departmental .. .. .. .. 20,000 25,262 475,391 Interest accrued but not due .. .. .. 375 Less deductions under section 11 (2a) of the Profits transferred to Railways Department— Hutt Valley Land Settlement Act and Profits realized in cash and paid to Railways section 11 (2) of Finance Act, 1932 .. 475,391 Department .. .. .. .. 81,969 Balance due .. .. .. .. Nil. Balance unpaid on area taken for workshops 26,389 Instalments paid in advance .. .. .. 27 108 358 Rent accrued but not due .. .. .. .. 1 Losses in Suspense .. .. .. .. 42 Writings-off in Suspense .. .. ~ .. 42 Land for Settlements Account: Funds in hand available Profit and Loss Appropriation Account .. .. 219,410 for disposal under section 11 of Finance Act, 1932 .. 1,297 £219,480 £219,480 R. G. Macmorran, Under-Secretary for Lands, G, I, Beeson, Chief Accountant,

B.—l [PT. IV

MAORI PURPOSES FUND BOARD Receipts and Payments Account for the Year ended 31st March, 1944 Receipts £ £ Payments £ Balancc, Ist April, 1943 : Native Trust Office .. 45,035 Administration expenses .. .. .. 224 Plus Imprest Account with Waiariki Board .. 18 Grants— £ 45,053 Educational scholarship and assistance .. ..750 Interest: Native Trust Office, 3 per cent. .. .. 1,348 Ngarimu Scholarship Fund .. .. .. 250 Grant from Consolidated Fund .. .. .. 375 Publishing : Polynesian Society, Inc. .. .. 300 Requisitions on Maori Land Boards for specific purposes Meeting-house .. .. .. .. 30 (contra) .. .. .. .. .. .. 330 Recording Maori waiata, patere, &c. .. .. 100 Sales of— £ Miscellaneous .. .. .. 2 Board's publications .. .. .. 148 1,432 Pingao stocks .. .. . . .. 3 Purchase books .. .. .. .. 20 Workshop, cottages at Rotorua (final instal- Publishing costs, " Native Custom" .. .. 28 ment) .. .. .. .. .. 371 Refunds— 522 " Western Samoa" translation grant .. .. 165 Amount received in error .. .. .. . . 23 Requisition on Maori Land Board .. .. 50 Amount received in error .. .. .. 23 238 Balanoe, 31st March, 1944 : Native Trust Office .. 45,709 £47,651 £47,651 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ Income, £ Administration expenses .. .. .. .. 248 Interest: Native Trust Office .. .. .. .. 1,348 Grants — Grant from Consolidated Fund.. .. .. ~ 375 Educational — £ Requisitions on Maori Land Boards for specific purposes Government Free Place Scholarship .. .. 500 (contra) .. .. .. .. .. .. 280 Special assistance .. .. .. .. 250 Sale of publications (net) .. .. .. .. 30 Ngarimu Scholarship Fund .. .. .. 250 Publishing : Polynesian Society, Inc. .. .. 300 Meeting-house .. .. .. 30 Recording Maori waiata, patere, &c. .. .. 100 Miscellaneous .. .. .. 2 1,432 Balance : Excess of income over expenditure transferred to Accumulated Fund .. .. .. 353 £2,033 £2,033 Balance-sheet as at 31st March, 1944 Liabilities £ £ Assets £ £ Special funds— - Cash with Native Trust Office .. .. .. 45,709 Carnegie Corporation grant for Maori arts and Debtors .. .. .. .. .. 41 crafts .. .. .. .. .. 342 Publications for sale .. .. .. • • 2,092 Ngati-Kahungunu Trust .. .. .. 10 Pingao for sale .. .. .. .. 20 Ruatoki Carved Meeting-house .. .. 41 2,112 — 393 Library . . .. .. .. .. 297 Accumulated Fund as at Ist April, 1943 .. 47,529 Furniture and fittings, &c. .. .. .. 70 Plus— 367 Excess income over expenditure .. .. 353 Transfer Katikati Meeting-house contribution 38 47,920 Less publications issued (£72) and decrease stocktaking (£l2) .. .. .. .. 84 47,836 £48,229 £48,229 G. P. Shepherd, Deputy Chairman (Native Trustee). Colin W. Morrison, Secretary to the Board. I hereby certify that the Receipts and Payments Account, Income and Expenditure Account, 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.—Cyril G. Collins, Controller and Auditor-General,

B.—l [Pi. IV]

NATIONAL BROADCASTING SERVICE Revenue Account for the Year ended 31st March, 1911 Expenditure £ Income £ Expenditure on programmes, including salaries of pro- License fees .. .. .. .. 434,067 gramme staff .. .. .. .. .. 101,846 Receipts from New Zealand Listener.. .. ~ 34,544 Maintenance ofplant, including salaries of engineering and Interest .. .. .. .. .. .. 18,632 operating staffs .. .. .. .. .. 69,880 Rent .. .. .. .. .. 803 General administrative and running expenses, including Commercial Division: Technical services .. .. 24,428 salaries of administrative and clerical staffs .. .. 44,864 Expenditure on New Zealand Listener .. .. 27,319 Subsidies to " B " stations .. .. .. .. 210 Payments to stations operating under contract .. 1,002 Broadcasting units with the N.Z.E.F. overseas .. 4,428 Troop entertainment and welfare in New Zealand .. 5,818 Contribution to Public Service Superannuation Fund .. 714 Depreciation of assets .. .. .. .. 29,082 Balance, transferred to Accumulated Fund .. .. 227,311 £512,474 £512,474 Balance-sheet as at 31st March, 1944 Liabilities £ £ Assets £ Accumulated Fund .. .. .. 1,454,629 Land and buildings .. .. ~ .. 159,957 Transfer from Revenue Account .. 227,311 Machinery and plant .. .. .. .. 17,360 — 1,681,940 Office and studio equipment .. .. .. 21,373 License fees paid in advance in hands of Post and Newsprint and stocks.. .. .. .. 9,292 Telegraph Department .. .. 80,911 "B" station purchases .. .. 1,000 Sundry Creditors .. .. .. 18,357 Works in progress and stocks of Technical equipment and valves .. .. .. 22,378 Sundry debtors and prepayments .. .. 95,145 £ Temporary investments .. 1,400,000 Accrued interest thereon .. .. 1,208 1,401,208 Cash at bank— Broadcasting Account .. .. 48,601 Broadcasting Imprest Account 4,894 53,495 £1,781,208 £1,781,208 James Shelley, Director of Broadcasting. G. H. Stringer, M.Com., A.R.A.N.Z., Acting-Accountant. I hereby certify that the Revenue Account 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.— Cyril G. Collins, Controller and Auditor-General.

3- B. 1 [FT, IV]

B.—l [PT. IV

NATIONAL BROADCASTING SERVlCE—continued COMMERCIAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ £ Income £ Expenditure on programmes, including payment Sales of station time .. .. .. .. 258,205 to artists, hire of speoial recordings, relay Accreditation fees.. .. .. .. .. 14 lines, and sundry miscellaneous items .. 21,365 Service fees .. .. .. .. .. 2,573 Less sundry programme charges borne by Interest on investments .. .. .. 1,441 advertisers .. .. .. .. 10,793 Miscellaneous receipts .. .. .. .. 11 10,572 Reduction of Bad Debts Reserves provided in previous Broadcasting rights and copyright .. .. .. 5,832 years but not required .. .. .. .. 656 General administrative and running expenses, including rents, rates, and insurance, lighting and heating, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry miscellaneous items .. .. .. 145,394 Depreciation provision and writing down of assets .. 4,430 Balance carried down : Net profit for year .. .. 96,672 £262,900 £262,900 £ £ £ Donation to National Patriotic Fund .. .. 1,000 Balance brought forward from previous year .. 39,47G Reserve for taxation .. .. .. 81,000 Balance brought down .. .. 96,672 Less balance of provision made, 1942-43 accounts .. .. .. .. 317 80,683 Balance .. .. .. .. .. 54,465 £136,148 £136,148 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Creditors.. .. .. .. .. .. 6,039 Office and studio equipment, including furniture, typeRevenue received in advance .. .. .. 1,771 writers, office mechanical applicances, and library .. 18,059 Deposit Account .. .. .. .. .. 280 Records and music .. .. ~ .. 2,484 Reserve for taxation .. .. .. .. 81,000 Payments in advance .. .. .. .. 64 Writings off Reserve .. .. .. .. 1,313 Unplayed episodes of features .. .. 2,558 Income and Expenditure Account .. .. .. 54,465 Stock .. .. .. .. .. .. 3,537 £ Debtors .. .. .. .. .. 25,438 Less Reserve for Bad Debts .. ~ 500 24,938 Investments .. .. .. .. .. 70,000 Cash in bank .. .. .. .. .. 21,035 Cash on deposit .. .. .. .. .. 280 Writings off, Suspense .. .. .. ~ 1,313 £144,868 £144,868 James Shelley, Director of Broadcasting. E. L. Hutchens, A.R.A.N.Z., Acting-Accountant (Commercial Division). I hereby certify that the Income and Expenditure Account 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.—Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

NATIVE DEPARTMENT DISTRICT MAORI LAND BOARDS Combined and Separate Receipts and Payments Statements for the Year ended 31st March, 1944

Interest Accounts for the Year ended 31st March, 1944

Totals. Tokerau. Waiariki. Tairawhiti. Aotea. Ikaroa. ! South Island I _J L . . ___ _ . - - - - - Receipts ' j Cash balances at 1st April, 1943— £££££££££ In hand and in bank .. .. .. .. .. .. 20,947 1,517 2,992 4,890 7,207 2,955 705 681 Imprests at Post Office .. .. .. .. .. .. 3,345 92 514 298 299 1,104 973 65 24,292 1,609 3,506 i 5,188 7,506 4,059 1,678 746 Total receipts .. .. .. .. .. .. .. | .. 430,587 34,198 36,639 j 52,666 94,369 95,257 106,029 11,429 Withdrawals from amounts on deposit with Native Trustee .. .. .. 109,760 .. 5,724 10,000 2,000 53,309 29,227 9,500 Totals .. .. .. .. .. .. .. .. 564,639 35,807 45,869 67,854 103,875 152,625 136,934 21,675 Payments £ £ £ £ £ £ £ £ "Total payments .. .. .. .. .. .. .. .. 410,039 31,512 38,573 57,998 80,848 110,333 74,869 15,906 Deposits with Native Trustee .. .. .. .. .. .. 133,489 .. 3,000 8,000 20,900 39,589 59,000 3,000 Cash balance at 31st March, 1944 — In hand and in bank .. .. .. .. .. .. .. 14,945 4,105 3,800 1,435 1,785 2,016 381 1,423 Imprests at Post Office .. .. .. .. .. .. .. 6,166 190 496 421 342 687 2,684 1,346 Totals .. •• • • •• 564,639 35,807 45,869 67,854 103,875 152,625 136,934 21,675

Totals. Tokerau. Waiariki. Tairawhiti. Aotea. j Ikaroa. South Island. Dr. Interest on amounts held and invested under Native Land Act, 1931, £ £ £ £ £ £ £ £ section 281, and other amounts specially invested .. .. 2,153 .. 462 .. 6 314 Interest on amounts on deposit with Native Trustee .. .. 6,028 5 1,022 1,104 249 1,693 1,457 498 Interest on other investments .. .. .. .. .. 12,782 1;244 790 1,908 4,813 3,431 301 295 Interest on overdrafts .. .. ? .. .. .. .. 852 23 183 .. .. 432 214 Totals .. .. .. .. .. .. 21,815 1,272 2,457 3,012 5,068 5,870 3,273 863 Cr. Interest allocated in full on amounts held under Native Land Act, 1931, £ £ £ £ £ £ £ £ section 281, and other amounts specially invested .. . . 2,153 .. 462 .. 6 ! 314 1,301 I 70 Other interest allocated to sundry blocks, &c. .. .. .. 3,886 105 382 337 824 1,388 600 250 Balance transferred to Income and Expenditure Account .. .. 15,776 1,167 1,613 2,675 | 4,238 4,168 1,372 543 Totals .. .. .. .. .. .. 21,815 1,272 2,457 3,012 5,068 5,870 j 3,273 j S63

B.—l [PT. IV]

NATIVE DEPARTMENT —continued DISTRICT MAORI LAND BOARDS— continued Income and Expenditure Accounts for the Year ended 31st March, 1944

Appropriation Accounts for the Year ended 31st March, 1944

Totals. Tokerau. Manbote Waiariki. Talrawhiti. Aotea. Ikaroa. South Island. Income £ ; £ £ £ £ £ £ £ Net interest on investments .. .. .. .. •• 15,776 1,167 1,613 2,675 4,238 4,168 1,372 543 Board commission .. .. •» .. .. .. 4,495 249 486 699 1,223 1,101 o34 203 Sundry credits: Lease fees, &c. .. . - •• . • • • 2,131 125 1,390 j 315 140 82 76 3 Totals 22,402 1,541 3,489 3,689 5,601 5,351 1,982 749 Expenditure Expenses of management — .......... £ j £ £; £ £ £ £ £ Contribution towards expenses of Native Department .. .. 8,437 500 1,300 1,176 1,997 1,856 1,060 o48 Audit fees .. . .. .. .. .. .. 489 100 66 66 74 108 50 25 Miscellaneous office and other expenses .. .. .. .. 2,557 235 263 908 480 608 45 18 Depreciation buildings, furniture, &c. .. .. .. •• 1,931 51 351 444 474 44/ 110 54 Balance, being surplus for year transferred to Appropriation Account .♦ 8,988 655 1,509 1,095 2,576 2,332 117 104 Totals .. .. .. .. -■ •• 22,402 j 1,541 3,489 3,689 5,601 5,351 1,982 749

j Totals. Tokeran. Maniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. j South Island. Br. £ | £ £ ; £ | £ £ _ £ £ Sundry adjustments, previous years .. .. .. .. 176 ; 3 11 .. 67 65 21 Surplus for year ended 31st March, 1944, from Income and Expenditure 8,988 655 1,509 1,095 2,5/6 2,332 117 104 Account Government grant towards relief unemployment in previous years .. 7,950 7,950 Totals .. •• .. 17,114 8,608 1,520 1,095 2,643 2,397 726 125 = i — — = — —===== - Cr. | Appropriation during year — £ j £ £ :£ £ £ £ £ Native purposes .. .. ... • . •• •• 395 | 100 25 j 60 105 55 32 18 Purchase of land, buildings, furniture, &c. .. .. .. 719 4 96 139 90 365 4 21 Sundry adjustments, previous years .. .. .. .. 1,012 9 430 .. 215 218 125 15 Balance, transferred to Assurance and Reserve Account .. .. 14,988 8,495 969 896 2,233 1,759 565 <1 Totals .. .. .. .. .. - 17,114 8,608 I 1,520 | 1,095 2,643 2,397 j 726 125

B.- i r?T. iv]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1944 Liabilities

Totals. Tokerau. Jfeniapoto 1 Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. ; £ i £ I £ \ £ ! £ ! £ £ 1 £ j £ Liabilities to Native beneficiaries — Amounts held under section 281, Native Land Act, 1931, and other trusts — ! Specially invested (section 101 (2), 1931) .. .. .. .. 5,181 .. .. 3,864 .. I .. .. I 1,317 ! Invested in Common Fund .. .. .. .. .. 166,392 .. j 3,339 J 16,349 j .. 193 52,651 91,229 j 2,631 Other amounts held — Specially invested (section 101 (2), 1931) .. .. .. .. 58,864 .. I .. I 4,377 , .. j 29,323 19,754 j 5,320 90 Ateall .. .. .. .. .. .. .. 374,497 .. j 43,293 | 55,554 j 98,462 75,464 58,511 j 20,835 22,378 — 604,934 j 46,632 J 80,144 j 98,462 104,980 130,916 118,701 25,099 Sundry amounts held on deposit and in suspense — Native Trustee (including Special Housing Fund) .. .. 20,888 .. 4,219 1,406 10,752 2,144 1,500 739 128 Other .. .. .. .. .. .. .. .. 25,921 .. 6,434 907 10,235 7,623 441 230 j 51 Sundry creditors .. .. .. .. .. .. .. 6,824 .. 263 9 1,343 1,857 2,433 718 | 201 Liability to Treasury for advances under — Native Land Act, 1931, section 340.. .. .. .. .. 512 .. .. .. .. .. 512 .. I Native Land Amendment Act, 1936, section 48 .. .. .. 810 .. ., .. .. 810 Liability of special trusts under — Native Land Act, 1931, section 358.. .. .. . . .. 137,679 .. .. .. .. 40,525 97,154 Native Land Act, 1931, section 105 .. . - .. .. .. 78,033 .. .. .. 78,033 ; — 270,667 I 10,916 2,322 j 100,363 52,959 102,040 1,687 380 Reserves — Special property reserves .. .. .. .. .. .. 55,100 .. 100 15,092 1 9,986 10,483 16,966 1,774 699 Other special reserves (including depreciation) .. .. .. 105,549 .. 176 3,987 j 47,145 47,165 6,208 579 289 160,649 276 19,079 I 57,131 57,648 23,174 2,353 988 Assignee and Reserve Account .. .. .. .. .. .. 72,511 .. 10,935 2,131 4,728 47,625 5,337 1,755 Totals .. .. .. .. .. .. .. .. 1,108,761 57,824 112,480 258,087 220,315 303,755 128,078 28,222

B.—l [PT. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1944— continued Assets

■ -I G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been compared with the accounts and balance-sheets of the respective Maori Land Boards and correctly state the position as disclosed thereby, subject to the following comments and exceptions :— Tairawhiti. —Comment: The Audit Office is unable to certify to the adequacy of certain securities in the absence of information as to the values of the lands secured. Exceptions : (1) In the opinion of the Audit Office the following payments are without authority of law : Half-cost bus hire, funeral late H. Ruru, £1 2s. 6d.,; wreaths, £4 45.; miscellaneous expenses re Ngarimu V.C. Fund, £10 18s. 6d. = £16 ss. (2) The Audit Office is not aware of any statutory authority for the application of moneys amounting to £1,035 13s. 2d. to finance of Maoris in connection with a scheme to grow potatoes and kumaras for the Armed Forces, and in one instance to finance the purchase of furniture for a boarding establishment. Tokerau.—Exceptions : (1) The Audit Office is not aware of any authority of law for the following payments out of the Te Kao Cream Truck Account: Grant for marae expenses, £229 7s. 2d.; grant for tribal expenses, £28 13s. 9d.; grant for school farm, £200. (2) The approval of the Native Minister has not been obtained, in terms of section 422 (e), Native Land Act, 1931, to thepayment of £100 to the Tokerau War Canoe Fund.— Cykil G. Collins, Controller and Auditor-General.

~— Totals. Tokeran. , Mauiaporo. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Cash balances— £ £ [ £ ' I £ £ £ £ £ £ In hand and in bank .. .. .. .. .. .. 14,945 .. 4,105 j 3,800 1,435 1,785 2,016 381 1,423 Imprests at Post Office .. .. .. .. .. .. 6,166 .. 190 496 421 342 687 2 684 1 346 21,111 — — — ! ' 4,295 4,296 1,856 2,127 2,703 3,065 2,769 Investments — . — — ._ Common Fund — Mortgages and charges .. .. .. .. .. .. 217,742 .. 20,454 14,137 27,586 56,920 67,396 25,886 5,363 Farm properties .. .. .. .. .. .. 80,197 .. .. 11,571 53,332 9,922 5,372 On deposit with Native Trustee .. .. .. .. .. 246,845 .. 189 35,846 42,348 23,618 57,180 74,269 13,395 Advances on overdraft to blocks, &c. .. .. .. .. 19,499 .. 4,301 5,884 615 1,271 2,156 4,926 346 Government securities .. .. .. .. .. .. 165,355 .. 22,865 16,700 30,025 140 34'800 5,550 Particular EstatesMortgages .. .. .. .. .. .. .. 17,068 .. .. 8,241 .. .. 2,500 6,287 40 Government and other securities .. .. .. .. .. 46,977 .. I .. i .. .. 29,323 17,254 350 50 793,683 47,809 92,379 153,906 165,194 186,658 122,993 24,744 Sundry debtors .. .. .. .. .. .. .. 11,298 .. 663 665 7,579 1,987 273 125 6 Interest and instalments (due and accrued) .. .. .. 7,022 .. 122 48 6,727 .. .. 121 4 — 18,320 785 713 14,306 1,987 273 246 10 Land and buildings .. .. .. .. .. .. .. 37,659 .. .. 11,083 5,523 7,056 13,597 400 Office equipment, &c. .. .. .. .. .. .. 17,441 .. 100 4,009 4,463 3,426 3,370 1,374 699 55,100 100 15,092 9,986 10,482 16,967 1,774 699 Assets of special trusts under — 78,033 .. .. .. 78,033 Native Land Act, 1931, section 105.. .. .. .. .. 137,679 .. .. .. .. 40,525 97,154 Native Land Act, 1931, section 358 .. .. .. .. .. — 215,712 .. .. 78,033 40,525 97,154 Appropriation Account .. .. .. .. .. .. .. 4,835 4,835 Totals .. .. .. .. .. .. .. .. 1,108,761 57,824 112,480 258,087 220,315 303,755 128,078 28,222

8.-—1 [PT. TV

NATIVE DEPARTMENT—continued NATIVE LA NT) DEVELOPMENT AND SETTLEMENT Interest Account for the Year ended 31st March, 1944 Dr. £ Cr. Interest on loan capital .. .. .. ' 85,931 Interest on amounts under Part I, Native Land £ £ Interest on advance from Consolidated Fund under section Amendment Act, 1936 — 8, Finance Act, 1929 .. ... .. .. 72 Expended on development schemes.. .. 38,070 Interest on settlers'credit balances .. .. .. 147 Advanced to settlers .. ■.. .. 49,096 Amount transferred to Revenue Account .. .. 1,382 — 87,172 Interest on advances under— Section 340, Native Land Act, 1931 (Maori Land Board) .. .. .. .. 21 Section 48, Native Land Amendment Act, 1936 (Native settlers) .. .. .. 323 Oturei mortgage .. .. .. .. 16 —: 300 £87,532 £87,532 Revenue Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Amount transferred to Net Revenue Account .. .. 44,659 Amount transferred from Interest Account .. .. 1,382 Administration charge .. .. .. .. 75 Stores on cost and insurance rebates .. .. .. 8,763 Departmental charge on amounts — £ Expended on development schemes.. .. 14,297 Advanced to settlers .. .. .. 20,142 34,439 £44,659 £44,659 Net Revenue Account for the Year ended 31st March, 1944 Dr. £ £ Cr. . £ Amounts compounded, inception to 30th June, Balance, Ist April, 1943 .. .. ~ .. 167,106 1942 — Amount transferred from Revenue Account .. .. 44,659 Interest.. .. .. .. .. 4,127 Adjustment of loan capital .. .. .. .. 5 Departmental charge .. .. .. 403 Previous year's profit: On cost and insurance rebates .. 13,558 4,530 Amounts written offAdvances to settlers .. .. .. 1,019 Advances to Maori Land Boards .. .. 38 1,057 Balance, 31st March, 1944 .. .. .. .. 219,741 £225,328 £225,328 Balance-sheet as at 31st March, 1944 Liabilities Assets Loan capital— £ £ Development and settlementPublic Works Fund .. .. .. 2,215,351 Development schemes — £ £ Less redemption of capital .. 2,808 Expenditure .. .. .. 983,980 Crown lands not paid for .. .. 9,445 2,212,543 Land for Settlements Account Dr. 82,640 993,425 2,129,903 Unrecouped and accrued interest .. 155,126 Liability to Consolidated Fund— Unrecouped and accrued Departmental Advance under section 8, Finance Act, charge .. .. .. 24,177 1929: Principal.. .. .. 1,800 — — Interest on loan capital .. .. 76,115 1,172,728 —— 77,915 Settled holdings .. .. .. 1,260,146 Sundry creditors-— Advances under section 48, Native Employment promotion grant Land Amendment Act, 1930, unexpended .. .. .. 3,122 including accrued interest .. .. 0,781 Lands and Survey Department .. 9,445 2,439,055 Sundry .. .. .. .. 102 Advances (including accrued interest) — 12,069 Maori Land Boards under section 340 Writings off in Suspense .. .. 23,119 Native Land Act, 1931 . , .. 522 Net Revenue Account— Oturei Block .. .. .. 51 Balance, Ist April, 1943 .. .. 107,100 •— 573 Add net increase, 1943-44, including Losses in Suspense .. .. .. .. 23,119 adjustments for previous years .. 52,035 —— 219,741 £2,463,347 £2,463,347 Notes. —(1) Expenditure from employment promotion grants on development schemes since inception, amounting to £1,807,257, is not included in the development and settlement expenditure above ; (2) administration expenses have been paid from Consolidated Fund, vote "Native," since Ist April, 1936, prior to when the salaries and expenses of the field supervisors were paid from vote " Native Land Settlement" and were debited in those years to the Revenue Account; (3) the adjustment in the Revenue Account.relating to amounts compounded lias been partly estimated and may be subject to amendments. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Revenue Account 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 notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], and to the following comments : (1) the loading of the various schemes for administration 1 expenses is not sufficient to cover the full cost; (2) moneys expended out of the " Surveys of Native Land Account " on Native land development schemes have not been recouped. (3) in the opinion of the Audit Office, expenditure from the Public Works Fund on Native land development areas incurred prior to the assumption of control by the Native Department and included in the Crown Lands Balance-sheet should be reflected in the accounts of the Native land development schemes, —J. P, Rutherford, Deputy Controller and Auditor-General.

B._l [p T , TV]

NATIVE DEPARTMENT—continued SPECIAL NATIVE HOUSING FUND Statement of Receipts ant) Payments for the Year ended 31st March, 1944 Receipts £ Payments £ Balance, Ist April, 1943 .. .. .. .. 94,849 Payments .. .. .. .. .. 11,994 Grant from Consolidated Fund equivalent to amount of Balance, 31st March, 1944 .. .. .. .. 105,927 Native Trust Office profits (1941-42) paid to Consolidated Fund revenue .. .. .. • • 3,052 Receipts ~ .. .. .. .. •• 20,020 £117,921 £117,921 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ £ Income £ Rented properties— Rented properties (rents) .. .. .. 583 Rates .. .. .. .. 43 Net interest earned— .. ~ .. £ Insurance .. .. .. .. 22 On loans to Maoris .. .. .. .. 3,303 Repairs ~ .. .. .. .. 1 On funds held by the Native Trustee and Maori Depreciation .. .. .. .. 131 Land Boards .. .. .. .. 1,956 197 5,259 War-damage insurance: Fund's proportion .. 131 Insurance rebates .. .. .. .. 22 Excess income over expenditure carried down .. 5,536 £5,864 £5,864 £ £ Balance, transferred to Housing Fund .. .. 5,624 Balance brought down .. .. .. .. 5,536 Adjustment previous years : Rented properties .. .. 88 £5,624 £5,624 Balance-sheet as at 31st March, 1944 friabilities £ Assets £ £ Special Native Housing Fund .. .. .. 183,213 Land not yet built on— Deposits and credit balances against advances .. 4,925 Purchased .. .. .. .. 380 Creditors .. .. • • • • • • 11 Donated .. .. .. .. 25 405 Rental properties— £ Acquisition land and improvements 460 Ereotion eleven cottages .. .. 4,443 4,903 Erection two huts on Crown land .. 123 5,026 Vacant section .. .. .. .. 209 5,235 Less Depreciation Reserve .. . . 310 4,925 Loans to Maoris (410 loans) — Principal .. .. .. .. 76,603 Interest due .. .. .. .. 240 — ; — 76,843 Debtors .. .. .. .. .. .. 49 Cash balances — With Maori Land Boards.. .. .. 18,883 With Native Trustee .. .. . . 87,044 105,927 £188,149 £188,149 Special Native Housing Fund Dr. £ Or. £ Balance, 31st March, 1944 .. .. .. .. 183,213 Balance, Ist April, 1943 .. .. .. ... 174,537 Additional grant .. .. . . .. .. 3,052 Excess income over expenditure for 1943-44 .. .. 5,624 £183,213 £183,213 Explanatory Note.—To enable the Board of Native Affairs to exercise fully its powers and functions in respect of Natives who in the opinion of the Board, are unable to furnish the security required under the Native Housing Act, and for the purpose of assisting the most urgent and necessitous cases, a special Native Housing Fund lias been established by section 18, Native Housing Amendment Act, 1938, consisting of grants totalling £158,685 which have been paid into the Native Trustoc's Account for disbursement through the Maori Land Boards as directed by the Board of Native Affairs. All interest, repayments of principal, and other accumulations belong to the Fund and may be utilized in granting advances for housing purposes. G. P. Shepherd, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balancesheet 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l fPt. IV]. The following comment is appended : Part of the money provided for employment-promotion in connection with Native housing has not been recorded in the Balance-sheet.— Cyril G, Collins, Controller and Auditor-General,

B—l [PT. IV]

NATIVE DEPARTMENT —continued NATIVE HOUSING ACT, 1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year ended 31st March, 1944 Receipts Payments Repayments by Natives: — £ £ Expenditure on dwellings:— £ £ Principal .. .. .. . • 12,884 Erections .. .. .. ~ 6,528 Interest (contra) .. .. .. .. 4,394 Purchases .. .. .. 8,129 • 17,278 Repairs and additions .. .. .. 1,218 Deposits against advances .. .. .. .. 777 Miscellaneous .. ~ .. .. 213 Recovery of interest overpaid to Consolidated Fund .. 1,003 16,088 Balance: Withdrawal from Land for Settlements Account 2,482 Refund of deposit .. .. .. .. .. 1,058 Interest payments to Consolidated Fund (contra) .. 4,394 £21,540 £21,540 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ Income £ Interest on loan capital .. .. .. .. 3,904 Interest earned (net).. .. .. .. .. 4,318 Balance : Excess income over expenditure .. .. 475 Insurance rebates and on cost .. .. .. 61 £4,379 £4,379 Balance-sheet as at 31st March, 1944 Liabilities Assets Loan capital— £ £ Loans to Natives: — £ £ Public Works Account .. .. .. 94,429 Principal .. .. .. .. 100,902 Land for Settlements Account .. .. 4,404 Interest .. .. .. .. 138 98,833 101,040 Deposits against advances .. .. .. .. 1, 002 Debtors.. .. .. .. .. 7 Accumulated Profit and Loss Account — Interest on loan capital paid in advance .. 490 Balance, Ist April, 1943 .. .. •• 1,217 497 Adjustments .. .. .. .. 10 Add excess income over expenditure .. 475 1,702 £101,537 £101,537 Notes. —(1) Separate accounts are published for advances from the Special Native Housing Fund; (2) labour subsidies are not recorded in these accounts. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balancesheet 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J, P. Rutherford, Deputy Controller and Auditor-General,

4 —B. 1 [PT. IV

B.—l [Pt. IV]

NATIVE TRUSTEE Interest Account, 1943-44 Dr. Or. £ Interest allocated to amounts held under— £ £ Interest on mortgage and other investments .. .. 26,208 Native Land Act, 1931— Part 111 5,798 Part X .. .. .. .. 1,492 Miscellaneous .. .. .. .. 69 Native Trustee Act, 1930 .. .. .. 435 Native Purposes Act, 1931 .. .. .. 87 Maori Purposes Fund Act, 1934-35 .. .. 1,348 Native Housing Amendment Act, 1938 .. 1,650 West Coast Settlement Reserves Act, 1892 .. 205 Miscellaneous funds .. .. .. 230 11,314 Surplus, carried to Revenue Account .. .. .. 14,894 £26,208 £26,208 Revenue Account, 1943-44 Dr. £ Or. £ Administation expenses: Contribution to Consolidated Balance from Interest Account .. .. .. 14,894 Fund .. .. .. .. .. .. 12,200 Commission .. .. .. .. .. 5,116 Department's portion of war-damage premiums on Fees .. .. .. .. .. .. 826 buildings subject to mortgages and charges .. .. 66 Net working profit on properties acquired under mortgage 995 Net profit for year carried down .. .. .. 9,565 £21,831 £21,831 £ £ Net surplus, transferred to Appropriation Account .. 9,762 Net profit for year brought down .. .. .. 9,565 Sundry adjustments in respect of previous years (net) .. 197 £9,762 £9,762 Appropriation Account, 1943-44 Dr. £ Or. £ Donation to National Patriotic Fund .. .. .. 200 Balance, Ist April, 1943 .. .. .. .. 18,042 Allocation of profits for 1941-42— £ Net surplus, transferred from Revenue Account .. 9,762 Paid to Consolidated Fund : One-third .. 3,053 Transferred to Assurance and Reserve Fund : Two-thirds .. .. .. ... 6,105 9,158 Balance, 31st March, 1944 .. .. .. .. 18,446 £27,804 £27,804 Balance-sheet as at 31st March, 1944 Liabilities Assets Amounts held under — £ £ Investments — £ £ Native Reserves Act, 1882 .. .. 63,492 Local bodies'securities .. .. .. 5,100 West Coast Settlement Reserves Act, 1892.. 47,895 Government securities .. .. .. 6,830 Native Land Act, 1931 — £ Short-term investment — £ Part X .. .. .. 53,100 On fixed deposit with bank .. 35,000 Part III: Maori Land Boards 246,496 In Treasury bill .. .. 100,000 Special investment .. .. 350 135,000 Miscellaneous .. .. 7,456 Mortgages .. .. .. .. 386,906 307,402 Advances (on overdraft) to estates and Native Trustee Act, 1930 .. .. 34,813 accounts .. .. .. .. 144,942 Native Purposes Act, 1931 .. .. 1,336 Properties acquired under mortgages .. 16,581 Maori Purposes Fund Act, 1934-35 .. 45,709 695,359 Native Housing Amendment Act, 1938 .. 87,045 Interest and rent due and accrued .. .. .. 16,404 Miscellaneous funds .. .. .. 14,130 Sundry debtors ~ .. .. .. .. 8,519 601,822 Farm stores on hand .. .. .. .. 9 Sundry creditors .. .. .. .. 446 Cash balances—• Reserve against unpaid interest .. .. 1,269 In hand .. .. .. .. 21 Special reserve against claims .. .. 159 At bank .. .. .. .. 13,332 Assurance and Reserve Fund Account .. 117,845 At branches .. .. .. .. 7,391 Investment Fluctuation Account .. .. 1,048 _ 20,744 Profit and Loss Appropriation Account .. 18,446 -—— 138,767 £741,035 £741,035 G. P. Shepherd, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books, documents, and securities submitted for audit, and correctly state the position as disclosed thereby.—Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March, 1944 Dr. £ Gr. £ £ Interest credited to depositors .. .. .. 2,074,004 Interest received .. .. .. 2,504,508 Management expenses .. .. .. .. 250,962 Plus interest accrued to 31st March, 1944 035,895 Balance carried to Appropriation Account .. .. 301,248 3,140,403 Less interest accrued to 31stMarch, 1943 540,939 2,599,464 Sundry receipts .. .. .. 26,810 £2,626,274 £2,626,274 Appropriation Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Balance carried forward .. .. .. .. 505,311 Balance brought forward .. .. .. .. 204,063 Profit and Loss Account .. .. .. .. 301,248 £505,311 £505,311 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1944 Liabilities £ Assets £ Balance at credit of depositors'accounts .. .. 98,756,558 Cash on hand and at bank .. .. .. 772,686 Letters of credit and other liabilities .. .. 50,779 Investments .. .. .. .. .. 99,170,236 Reserve Fund .. .. .. .. .. 1,267,695 Interest accrued on investments .. .. .. 635,895 Advances to postmasters .. .. .. 48 Thrift stamps held by teachers .. .. .. 8 Advance for school savings-bank expenses.. .. 5,000 Sundry debtors .. .. .. .. 6,566 Profit and Loss Appropriation Account ... 505,311 £100,585,391 £100,585,391 J. J. Knight, A.R.A.N.Z., Director of Accounts. H. M. Patrick, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss Account 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. —• Cyril G. Collins, Controller and Auditor-General. POST OFFICE Profit and Loss Account for the Year ended 31st March, 1944 Dr. £ Cr. £ £ Maintenance and working expenses .. .. 3,832,997 Postages .. .. .. .. 2,193,037 Depreciation .. .. .. .. .. 684,583 Less amount transferred to War Expenses Interest .. .. .. .. .. 641,746 Account in terms of section 2 (4) (c) of Net profit .. .. .. .. .. 763,033 the War Expenses Act, 1939 .. 600,000 1,593,037 Private box and bag rents and rural delivery fees .. 64,102 Money-order and postal-note commission .. 57,322 Telegraph revenue .. .. .. .. 589,615 Toll revenue .. .. .. .. .. 1,200,301 Telephone revenue .. .. .. .. 1,794,630 Revenue from wireless traffic .. .. .. 43,832 Rent received.. .. .. .. .. 45,109 Miscellaneous revenue .. .. .. .. 534,411 £5,922,359 £5,922,359 Profit and Loss Appropriation Account for the Year ended 31st March, 1944 Dr. £ £ Gr. £ Balance oarried forward— Balance brought forward .. .. .. 871,483 Post and Telegraph Act, 1928, section 95 Net profit for year .. .. .. .. 763,033 (d), due to Consolidated Fund .. 1,605,245 Retained by Post Office Account .. 29,271 1,634,516 £1,634,516 £1,634,516

B.—l [FT. IV]

POST AND TELEGRAPH DEPARTMENT —continued. Balance-sheet as at 31st March, 1944 Receipts and Expenditure on Capital Account

1 I- 1 '■ 1 i= ==[== — = General Balance-sheet Liabilities £ £ Assets £ Sundry creditors— Capital Account balance .. .. .. .. .. .. .. 1,629,161 Money-order payees for unpaid money-orders .. .. .. 110,660 Stock at stores .. .. .. .. .. .. .. .. 1,685,724 Other Administrations, on money-order, postal, and cable accounts .. 122, 948 Investment in Government stocks on account of— £ Postal-note payees for unpaid postal notes .. .. .. .. 102,758 Post Office Investment Certificates .. .. .. .. 242,650 National Savings coupons sold and unredeemed .. .. .. 12,293 National Savings deposits and bonds .. .. .. .. 19,437,000 Other Government Departments .. .. .. .. .. 4,115,490 Post Office investments under section 100 of Post and Telegraph Act, 1928 8,685,073 Sundry other creditors .. .. .. .. .. .. 1,654,095 28,364,723 6,118, 244 Sundry debtors— War Loan Certificate Account .. .. .. .. .. .. 3,856 Other Administrations, on money-order account .. .. .. 17,905 Post Office Investment Certificate Account .. .. .. .. .. 214,508 Sundry other debtors .. .. .. .. .. .. 1,720,950 National Savings Fund Account .. .. .. .. .. .. 11,524,462 1,738,855 National Savings Bond Fund Account .. .. .. .. .. 8,124,712 Postmasters' balances and cash in bank .. .. .. .. 7,239,136 Reserve for depreciation and obsolescence .. .. .. .. .. 6,726,369 Less Savings-bank funds held in balance .. .. .. .. 772,686 Fire Insurance Reserve .. .. .. .. .. .. .. 250,000 6,466,450 War Damage Insurance Reserve .. .. .. .. .. .. 420,908 Interest accrued on investments .. .. .. .. .. .. 149,520 Reserve for accumulated leave .. .. .. .. .. .. 138, 106 Bulk stock of stamps and other documents of value held in Head Office .. .. 49,994,884 Earthquake Damage Reserve .. .. .. .. .. .. 171,322 Assets written off Suspense Account .. .. .. .. .. .. 6,122 Assets written off reserve .. .. .. .. .. .. .. 6,122 Postmasters : For advances to postmasters of stamps, postal notes, British postal orders, and other documents of value .. .. .. .. .. 4,603,213 Stamps and other documents of value held in Head Office and in transit .. .. 50,099, 101 Profit and Loss Appropriation Account .. .. .. .. .. 1,634,516 £90, 035, 439 £90, 035, 439 J. J. Knight, A.R.A.N.Z., Director of Accounts. H. M. Patrick, Director-General, Post and Telegraph Department. I hereby certify that the Profit and Loss Account 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.— Cyril G. Collins, Controller and Auditor-General.

A3 at 1st April, Amount debited As at 31st March, p Capital as at 1st i Amount received Capital as at 31st | 1943. during Year. 1944. * April, 1943. ! during Year. March, 1944. Expenditure — £ £ £ Receipts — £ £ £ Telegraph and toll systems, including Public Works Account and National works in progress .. .. 3,055,281 6,302 3,061,583 Development Loans Account .. 17,206,788 268,718 17,475,506 Telephone-exchange systems, including Aeradio Adjustment Account (Consoliworks in progress .. .. 10,272,391 171,840 10,444,231 dated Fund contribution to aeradio Wireless systems .. .. .. 80,011 17,081 97,092 assets) .. .. .. 158,492 16,399 174,891 Buildings and sites .. .. 4,656,564 148,467 4,805,031 Tools and plant .. .. .. 130,500 31,759 162,259 Motor assets .. .. .. 281,090 26,413 307,503 Furniture and fittings .. .. 223,917 3,051 226,968 Aeradio systems — Communication equipment .. .. 106,583 16,237 122,820 17,365,280 285,117 17,650,397 Buildings.. .. .. .. 51,909 162 52,071 Balance carried to General Balance-sheet .. .. 1,629,161 18,858,246 421,312 19,279,558 .. .. 19,279,558 i —— — — —

B.—l [PT. IV]

PRINTING AND STATIONERY DEPARTMENT Receipts and Payments Account fob the Year ended 31st March, 1944 Receipts £ Payments £ Sundry debtors .. .. .. .. .. 414,349 Salaries .. .. .. .. .. .. 81,057 Publications .. .. .. .. .. 1,903 Wages .. .. .. .. .. .. 41,480 Sales— £ Allowances to officers performing higher duties .. 480 Stationery .. .. .. .. 6 Overtime .. .. .. .. .. 17,391 Second hand typewriters .. .. 9 PurchasesWaste products .. .. .. 2 Stores, &c. .. .. .. .. .. 14,781 — 17 Paper, stationery, &c. .. .. .. 232,449 Refunds —■ Freight, cartage, insurance, &c. .. .. .. 30,057 Salaries and wages .. .. .. 786 Machinery, new and repairs to .. .. .. 6,316 Exchange .. .. .. .. 1 Type metal .. .. .. .. .. 36 Postages .. .. .. .. 36 Type and printing material.. .. .. .. 18 Stationery .. .. .. .. 17 Monotype extras .. .. .. .. .. 930 840 Fuel, gas, power, light, and water .. .. .. 2,180 Balance to Treasury Adjustment Account .. .. 23,874 Medical services .. .. .. .. .. 16 Office equipment . . . . .. .. .. 22 Postages and telegrams . . .. .. .. 1,412 Telephone services .. .. .. .. 132 Window-cleaning, rubbish-removal, &c. .. .. 59 Proportion of rent, &c., High Commissioner's Office .. 400 Wages: Cleaners, watchmen, &c. .. .. .. 2,496 Proportion of cost of messengers' uniforms .. .. 25 Audit fee .. .. .. .. .. 150 Repairs to premises .. .. .. .. 538 Rent of storage space .. .. .. .. 3,268 Maintenance of fire-alarms .. .. .. .. 8 Contingencies .. .. .. .. .. 2 Payments in lieu of leave of absence.. .. .. 79 Public Works Department: Expenditure on building .. 499 Refunds to Departments for publications, &c., sold.. 4,762 £441,043 £441,043 Trading Account for the Year ended 31st March, 1944 Dr. £ £ Cr. Paper and materials— Sales— £ Stock at beginning .. .. .. 125,917 Manufacturing .. .. .. .. .. 281,203 Add purchases .. .. .. 130,425 Less work in progress, 31st March, 1943 .. .. 35,196 256,342 246,007 Less stock on hand, 31st March, 1944 .. 181,850 Add work in progress, 31st March, 1944 .. .. 10,646 • 74,492 Stationery— 256,653 Stock at beginning .. .. .. 38,981 Stationery .. .. .. .. .. 122,751 Add purchases .. .. .. 108,514 Publications .. .. .. .. .. 8,995 Typewriters .. .. .. .. .. 11,158 147,495 Less stock on hand, 31st March, 1944 .. 57,100 399,557 90,395 Discounts received .. .. .. .. 336 Publications— Stock at beginning .. .. .. 12,609 Add purchases .. .. .. 2,880 15,489 Less stock on hand, 31st March, 1944 .. 12,008 3,481 Typewriters— Stock at beginning .. .. .. 1,865 Add purchases .. .. .. 11,233 13,098 Less stock on hand, 31st March, 1944 .. 4,111 8,987 Wages— Productive .. .. .. .. 77,778 Establishment .. .. .. .. 35,686 Stationery Office .. .. .. 11,72.7 Freight (inwards) .. .. .. 20,586 Insurance .. .. .. .. 6,076 Lighting (proportion) .. .. .. 551 Power .. .. .. .. .. 420 Fuel .. .. .. .. .. 643 Water .. .. .. .. . . 167 153,634 Balance to Profit and Loss Account .. .. 68,904 £399,893 £399,893

B.—l [Pt. IV]

PRINTING AND STATIONERY DEPARTMENT — continued Profit and Loss Account foe the Year ended 31st March, 1944 Dr. £ Cr. £ Office salaries .. .. .. .. .. 9,793 Balance transferred from Trading Aocount .. .. 68,904 Repairs and alterations to buildings and plant .. .. 3,099 Storing and handling stationery, &c., for other GovernPostages and telegrams .. .. .. .. 1,336 ments Departments .. .. .. .. 1,509 Ereight and cartage (outwards) .. .. .. 3,328 Commission on sales of publications .. .. .. 1,646 Discounts allowed .. .. .. .. .. 214 Rent receivable .. .. .. .. .. 236 Telephones (rental).. .. .. .. . . 128 Medical services .. .. .. .. .. 16 Lighting, &c. (proportion) .. .. .. .. 61 Proportion of rent, &c., High Commissioner's Office .. 425 Office expenses .. .. .. .. .. 245 Sundry trade expenses .. .. .. . . 426 Audit fee .. .. .. .. .. .. 150 Wages: Cleaners, watchmen, &c. .. .. .. 2,527 Interest on capital .. .. .. .. .. 13,659 Depreciation— £ Buildings .. .. .. .. 1,044 Plant and machinery .. .. .. 6,369 Eurniture, fittings, and office equipment .. 208 Type and type metal .. .. .. 80 Accessories .. .. .. .. 475 8,176 Rent of storage space .. .. •. •. 3,003 Balance carried down .. .. .. .. 25,709 £72,295 £72,295 £ Balance brought down .. .. .. .. £25,709 Treasury Adjustment Account as at 31st March, 1944 Part I Dr. £ Cr. £ Publications taken over by Internal Alfairs Department.. 506 Balance of Receipts and Payments Account .. .. 23,874 Balance transferred to Part II .. .. .. 69,269 Publications taken over from Internal Affairs Department 24 Depreciation overprovided on plant, &e., as disclosed by revaluation at Ist April, 1943 .. .. .. 45,877 £69,775 £69,775 Part II Balance of Treasury Adjustment Account as at 31st £ Balance of Treasury Adjustment Account as at 31st £ March, 1943, transferred to Capital Account .. 103,205 March, 1943 .. .. .. .. .. 103,205 Balanoe carried down .. .. .. .. 82,927 Interest on capital .. .. .. .. 13,658 Balance transferred from Part I .. .. .. 69,269 £186,132 £186,132 Balance brought down .. . . . . .. £82,927 Balance-sheet as at 31st March, 1944 Liabilities Assets £ Capital Account'— £ £ Land .. .. .. .. .. .. 54,359 Public Works Fund .. .. .. 112,623 Buildings .. .. .. .. 32,533 Consolidated Eund .. .. .. 228,839 Plant and machinery— £ — 341,462 Composing plant .. .. .. 1,651 Creditors — Machine-composing plant .. .. 15,332 Departmental .. .. .. . • 6,597 Addressograph plant .. .. .. 126 Sundry .. .. •• •• 45,565 Printing plant .. .. .. .. 15,901 — 52,162 Binding plant .. .. .. .. 8,698 Wages accrued .. .. .. •• •• 2,360 Litho plant .. .. .. .. 2,943 Bad Debts Reserve .. .. .. •• 161 Photo plant .. .. .. .. 5,599 Writing-off, Suspense Account .. .. .. 2,338 Stereotype plant .. .. .. 1,482 Treasury Adjustment Account .. .. .. 82,927 Engine-room plant .. .. .. 674 Balance, Profit and Loss Account .. .. .. 25,709 Miscellaneous plant .. .. .. 7,988 60,394 Eurniture, fittings, and office equipment .. .. 1,898 Type and type metal .. .. .. .. 12,456 Accessories— Composing Branch .. .. .. 3,516 Machine-composing Branch .. .. 104 Printing Branch .. .. .. 61 Binding Branch .. .. .. 387 Litho Branch .. .. .. .. 115 Photo Branch .. .. .. .. 57 Sterotype Branch .. .. .. 13 Engine-room .. .. .. .. 100 Paper-store .. .. .. .. 163 Debtors— 4,516 Departmental .. .. .. .. 71,816 Sundry .. .. .. .. 1,092 72,908 Work in progress.. .. .. .. .. 10,646 Stock— On hand .. .. .. .. 254,928 On consignment .. .. .. 143 255,071 Stock Suspense Account .. .. .. .. 2,318 Assets to be written off .. .. .. 20 £507,119 £507,119 A. W. Gyles, A.R.A.N.Z., Accountant. I hereby certify that the Receipts and Payments, Trading, and Profit and Loss 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], and to the comment that the asset " Type and type metal, £12,456," is not supported by stock sheets.—Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account foe the Year ended 31st March, 1944 Capital. tenance. Capital. tenance. Dr. £ £ . Or. £ £ Remissions .. .. .. .. 391 334 Balance as at 31st March, 1943 .-. .. 951 8,755 Transfer to Reserve Fund .. .. 1,468 .. Rates struck for 1943-44 year .. .. 10,488 6,016 Interest on capital cost .. .. 8,487 .. 10 per cent, penalty added to 1943-44 .. 129 73 Cost of maintenance .. .. .. 10,790 Subsidy on maintenance costs .. .. .. 3,929 Balance as at 31st March, 1944 .. .. 1,222 7,649 £11,568 £18,773 £11,568 £18,773 Revenue Account for the Year ended 31st March, 1944 Dr. £ Or. £ Losses written off .. .. .. .. . . 1 Accrued rent, &c. .. .. .. ... .. 366 Interest on loan capital .. .. .. •• 19,567 Interest on capital cost recoverable by rates .. .. 8,487 Balance, transferred to Drainage Works Account .. 10,715 £19,56S £19,568 Receipts and Payments Account for the Year ended 31st March, 1944 Consolidated Consolidated Fund. Fund. Receipts £ Payments £ Miscellaneous revenue— Vote " Lands and Survey " Rates .. .. .. •• •• 17,271 Maintenance completed works .. .. .. 10,543 Miscellaneous .. .. .. .. •• 4,045 Transfer net receipts to Treasury Adjustment Account 10,931 Credits-in-aid : Vote " Lands and Survey " .. 158 £21,474 £21,474 Treasury Adjustment Account for the Year ended 31st March, 1944 Dr. £ Or. £ Receipts and Payments Account .. .. .. 10,931 Balance as at Ist April, 1943 .. .. .. 302,342 Balance as at 31st March, 1944 .. .. ..311,542 Transfer from Swamp Land Drainage Account .. 564 Interest on loan capital .. .. .. .. 19,567 £322,473 £322,473 Balance-sheet as at 31st March, 1944 Liabilities £ A ssets Loan capital .. .. •• •• ..489,169 Drainage works— £ Free capital from Employment Promotion Fund .. 891 Recoverable capital expenditure (section 11, Finance Reserve Account for repayment of capital cost .. 6,763 Act, 1937, No. 2) .. .. .. .. 205,000 Treasury Adjustment Account .. .. .. 311,542 Not recoverable : Capital expenditure and capitalized Unpaid purchase-money for land taken .. .. 210 interest .. .. .. .. .. 594,980 Sundry creditors : Miscellaneous .. .. .. 770 Plant, machinery, and tools .. .. .. 683 Rate Account— £ Buildings .. .. .. .. .. 1,078 Capital .. •• •• 1,222 Survey goods .. .. .. .. .. 1,040 Maintenance .. .. .. ..7,649 Sundry debtors— 8,871 Rates— £ Writings off in Suspense .. .. .. .. 3 Capital .. .. .. .. 7,604 Payments in advance: Rates .. .. .. 21 Maintenance .. .. .. .. 5,888 Law-costs .. .. .. . . 41 Rent .. .. .. .. .. 25 Miscellaneous .. .. .. .. 49 Departmental .. .. .. .. 856 14.463 Cash in transit from Post Office .. .. .. 95 Cash in Deposit Account: Miscellaneous .. .. 7 Expenditure from Employment Promotion Fund .. 891 Losses in Suspense .. .. .. .. 3 £818,240 £818,240 R. G. Macmorran, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate and Revenue 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pa?. IV]

SMALL FARMS SCHEME Revenue Account foe the Year ended 31st March, 1944 Dr. Or. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. 4,010 ' Loan capital .. .. .. .. 90,562 Interest receivable— £ Consolidated Fund .. .. . . 1,560 Current Account mortgage .. .. 4,325 ■ —— 92,122 Instalment mortgages .. , .. 16,134 Rent payable .. .. .. .. .. 459 Share-milkers' loans .. .. .. 238 Rebates .. .. .. .. 1,278 Miscellaneous .. .. .. .. 494 Accident compensation .. .. .. ~ 289 — 21,191 Miscellaneous expenses .. .. .. .. 73 Interest accrued on loan to Napier Harbour Board .. 1,435 Deficit on redisposal of properties .. .. .. 936 Interest on development expenditure recouped .. 21,905 Losses on realization of advances to small-farm occupiers 3,010 Rebates on superphosphate .. .. .. 112 Losses on disposal of developed blocks .. .. 1,247 Surplus on redisposal of properties .. .. .. 590 Profit on disposal of developed blocks .. .. 1,222 Miscellaneous .. .. .. . . .. 18 Balance: Loss for year carried down .. .. 48,931 £99,414 £99,414 Balance— £ £ Loss brought forward from 31st March, 1943 .. 255,410 Balance: Loss to 31st March, 1944, carried forward .. 304,341 Loss for year brought down .. .. 48,931 £304,341 £304,341 Receipts and Payments Account for the Year ended 31st March, 1944 Receipts Payments £ Interest on other public moneys : Vote " Lands and Survey " —ltem " Payment of proInterest in respect of advances—- £ £ £ perties leased, &c." : Paid from Consolidated Fund 454 Current Account mortgages , 4,562 Vote "Small Farms Development"— £ Instalment mortgages .. .. 13,588 Acquisition of land and interest therein .. 105,355 Under share-milkers'agreement .. 332 Expenditure on blocks being Miscellaneous .. .. .. 5 developed— £ 18,487 Improvements .. .. 50,866 Territorial Revenue— Chattels .. .. .. 7,089 Rents under small-farms scheme .. .. 4,087 Wages— Credited to Consolidated Fund.. .. ——-— 22,574 Development .. 34,947 Credits-in-aid: Vote "Small Farms Seasonal .. .. .. 70,337 Development"— Seasonal expenditure and liveImprovements .. .. 34,849 stock .. .. .. 142,183 Seasonal and live-stock .. .. 294,274 — 305,422 Chattels .. .. .. 1,196 Advances to small-farm occupiers .. 45,288 Sales of land .. .. .. 712 _ Accident compensation .. .. .. 188 Water levies, &c. .. .. 882 Water-supply: Maintenance .. .. 593 331,913 Grants to County Councils .. .. 1,981 Capital receipts —Small-farms develop- Travelling-expenses, &c. .. .. 68 ment: Repayment of principal Payment to Anderson Trust Board .. 250 under mortgages, &c.— Contingencies .. .. .. .. 33 Current Account— Paid from Land for Settlements Account ... 459,178 Improvements .. .. 9,606 Transfer of balances: Treasury Adjustment Account 22,120 Stock and chattels .. .. 44,592 Instalment mortgages .. .. 4,526 Share-milkers' agreements .. 3,067 Realization Account .. .. 1,603 63,394 Credited to Land for Settlements Account —-—— 395,307 Transfer of balance : Land for Settlements Account .. 63,871 £481,752 £481/752

B—l [PT. IV

SMALL FARMS SCHEME—continued Balance Sheet as at 31st March, 1944 Liabilities Assets Capital— £ £ Land— £ £ National development .. .. 2,143,084 Leased .. .. .. ~ 88,798 Land for Settlements Account .. 02,066 Unleased .. .. .. .. 7,218 Consolidated Fund .. .. .. 39,000 Purchase-price of areas being developed 2,244,150 including value of Crown and other Subsidies— land set aside .. .. .. 508,289 Employment Promotion Fund .. 469,261 604,305 Consolidated .Fund .. .. 543,379 Blocks under development— 1,012,640 Gross capital expenditure on development 1,873,372 Loan from Social Security Fund .. 3,161 Expenditure on live-stock and farm Land donated .. .. .. .. 423 workings .. .. . . 258,707 Land set aside for small farms— Chattels (including store buildings) .. 54,634 Crown lands .. .. .. 67,790 2,186,713 Education endowment lands .. .. 3,475 Loan to Napier Harbour Board: Ahuriri — 71,265 Lagoon .. .. .. .. 33,446 Rent accrued: Crown Lands Account .. .. 139 Accrued Interest .. .. .. 5,542 Creditors — 33 ggg Rent •• •• •• •• 108 Water-supply schemes: Headworks .. .. 10,368 Miscellaneous (departmental, &c.) .. 10,234 Advances to small-farm occupiers— 10,342 Current Account— £ Water Supply Account: Maintenance .. .. 1,167 Improvements .. .. 29,407 Payments in advance— Stock and chattels ..54,883 Kent .. .. .. .. 205 84,290 Principal— £ Instalment mortgages .. .. 334,496 Instalment mortgages .. 177 418 786 Sharemilkers'loans 72 Advances under sharemilking agreements .. 3,215 249 Realization Account: Leased areas in Interest— course of realization .. .. .. .. 30,164 Instalment mortgages .. 351 Losses on blocks disposed of (not finalized) .. 59,385 Share-milkers' loans 6 Debtors— Current Account .. .. 38 Rents .. .. .. .. 1,736 395 Principal—- £ Water levies .. .. .. 41 Instalment mortgages .. 1,093 890 Sharemilkers' loans .. 439 Accrued interest on capital on blocks being developed 258,707 1,532 Rent Adjustment Account .. .. 1,042 Interest Writings-off in Suspense .. .. ~ 15,605 Instalment mortgages .. 2,675 Capital Reserve: Special assets taken over at book Sharemilkers' loans .. 86 value . . .. .. ~ .. 39,453 Current Account .. .. 2,334 Treasury Adjustment Account .. .. .. 366,032 5,095 Water levies .. .. .. 414 Miscellaneous (departmental, &c.) .. 4,466 13,243 Deposits held by dairy companies .. 1,243 Less Reserve .. .. .. 309 —— 934 Interest Adjustment Account .. .. .. 4,662 Interest unreeouped on development expenditure .. .. .. .. .. 258,707 Losses in Suspense Account .. .. .. 15,605 Subsidies in respect of blocks disposed of— Employment Promotion Fund .. 51,349 Consolidated Fund .. .. .. 24,251 — 75,600 Revenue Account: Balance carried forward .. 304,341 £4,025,016 - £4,025,016 Note. —(a) Profits or losses from farming operations on blocks under development are included in the Revenue Account only when the final position is ascertained on realization of the block; (b) interest on expenditure on blocks under development has been credited to Revenue Account only to the extent that trading results have enabled it to be met. The balance has been credited to the Balance-sheet item, " Accrued interest on capital on blocks being developed, £258,707." R. 6. Macmorran, Under-Secretary for Lands. 6. I. Beeson, Chief Accountant. I hereby certify that the Revenue Account 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 notes enfaced thereon and the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], The following comments are appended. (1) The Account does not bear a charge for the cost of expenses incurred by Departments administering the scheme, other than a reduced charge for the supervision of the erection of cottages and milking-sheds ; (2) it is unlikely that the realizable value of certain properties is equal to the development expenditure thereon ; (3) the audit of the accounts of the Nelson, Otago, and Westland Land Districts is not yet completed.—J. P. Rutherford, Controller and Auditor-General.

s—B. 1 [PT. IV

B.—l [FT. IV]

STATE FOREST SERVICE UTILIZATION BRANCH, ROTORUA Working Accounts for the Year ended 31st March, 1944 Waipa Creosote Plant Dr. £ tV. £ Stocks, Ist April, 1943 .. .. . • ■ • 17,540 Sales .. .. .. .. •• •• 12,151 Wages, creosote, timber purchases, &c. .. .. 17,232 Stocks, 31st March, 1944 .. .. .. •• 23,708 Balance to Profit and Loss Account .. .. .. 1,147 £35,919 £35,919 Waipa Sawmill and Box-factory Dr. £ G r - ®, Stocks, Ist April, 1943 .. .. •• •• 26,901 Sales .. .. .. •• •• •• 244,631 Milling, kiln-drying, maintenance, &c. .. . • 223,649 Stocks, 31st March, 1944 .. .. .. 33,493 Balance to Profit and Loss Account .. .. .. 27,574 £278,124 £278,124 Profit and Loss Account for the Year ended 31st March, 1944 Dr. £Cr. £ Profit and Loss Appropriation Account .. .. 28,721 Sawmill and Box-factory Working Account .. .. 27,574 Creosote Working Account .. .. • • • • 1,147 £28,721 £28,721 Appropriation Account Dr, Or. £ Balance £ £ Profit and Loss Account .. .. .. .. 28,721 Interest to Ist April, 1943 .. •• 39,574 Reserve on motor-vehicles transferred to Rotorua ConLess General Account .. .. .. 6,161 servaney office .. .. .. . ■ ■■ MM ■ 33,413 Balance .. .. .. .. •• 17,825 Interest for year 1943-44 .. •• •• 14,633 £48,046 £48,046 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Sundry creditors .. .. .. 5,706 Plant (at cost, loss depreciation and reserves) .. 96,573 Fire insurance reserve .. •• •• 2,405 Buildings and construction units (at cost, less depreciation) 137,030 Head Office .. .. .. •• •• 393,238 Departmental property and stores .. .. .. 29,782 £ Stocks .. .. .. .. •• •• 57,261 Main Balance-sheet figure .. .. 392,428 Sundry debtors .. .. .. .. .. 33,555 Less .South Island utilization plants .. 24,574 Establishment Account and miscellaneous .. .. 29,386 Appropriation Account .. .. .. •• 17,825 367,854 *Plus debtors .. .. .. •• 33,555 401,409 *Minus creditors .. .. •• 5,766 395,643 *Minus fire insurance reserve .. .. 2,405 £393,238 £101,409 £401,409 * Incorporated in main Balance-sheet.

B.—l [PT. IV]

STATE FOREST SERVlCE —continued STATE FORESTS ACCOUNT Income and Expenditure Account foe the Year ended 31st March, 1944 General Revenue Account Expenditure £ Income Salaries and contributions to Public Service Timber—- £ £ Superannuation Fund .. .. .. ..22,479 Royalties .. .. .. 9,045 General management of indigenous forests — £ Sales .. .. .. .. 117,974 Postages, cables, stationery, &c. .. .. 2,522 Trespass .. .. .. .. 222 Forest reconnaissance, timber cruising, &c. .. 13,983 127,241 Legal expenses .. .. .. .. 66 Leases — Office rent, heating, lighting, and cleaning .. 2,016 Grazing .. .. .. .. 1,546 Transportation expenses and maintenance of Sawmill sites .. .. .. .. 277 motor-vehicles .. .. .. 2,329 Miscellaneous .. .. .. .. 128 Travelling and transfer expenses .. .. 4,136 1,951 Maintenance of buildings and departmental License and transfer fees .. .. .. .. 261 property .... .. .. .. 437 Fees for inspections .. .. .. .. 2,621 Contingencies .. .. .. .. 24 Administration expenses (Forests Amendment Act, 1926) 1,169 25,513 Miscellaneous revenue .. .. .. .. 3,653 Forest-fire prevention : Fire-fighting wages, &c. .. 912 Managed forests — Research and educational: Silvicultural management Omahuta: Profit and royalty .. .. .. 23,354 studies and timber products testing .. .. 790 Whirinaki: Profit and royalty .. .. -. 12,467 Miscellaneous— £ Annual rent, Otanewainuku .. .. 74 Payment of special rates .. .. .. 49 Work of other Departments .. .. 1,239 Bad debts .. .. .. ■ • 14 1,376 Managed Forest: Puketi, maintenance of .. .. 637 Depreciation .. .. .. .. •• 4,687 Timber-control expenses (to be recovered) .. .. 13,297 Balance carried down .. .. .. .. 103,026 £172,717 £172,717 Allocation of Revenue Account Dr. £ Cr. £ Consolidated Fund— Balance from General Revenue Account .. .. 103,026 National Endowment Account revenue (Forests Act, Working Railways Account (Finance Act, 1936, Section section 39 (2) .. .. .. .. .. 16,196 24 (1) and (2) .. .. .. .. .. 95 Local bodies : Fifths of revenue (Finance Act, 1924, seotion 17) .. .. .. .. .. 15,350 General Reserve .. .. .. .. •• 71,575 £103,121 £103,121 Nurseries and Plantations: Interest and Miscellaneous Dr. £ Cr. £ Loss on Westland Nursery .. .. .. 11 Interest on commercial projects .. .. ..14,838 Interest payable .. .. .. .. •• 145,078 Net interest payable capitalized .. .. .. 130,251 £145,089 £145,089 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Capital Account .. .. .. .. 36,411,029 Land .. .. .. .. .. 1,632,193 Loans from Treasury .. .. .. .. 3,607,438 Standing forests .. .. .. .. 34,028,190 Advances from Consolidated Fund .. .. 87,405 Forest improvements, roads, demarcation, &c. .. _ 6,904 Sundry creditors —■ Plantations .. .. .. .. .. 6,550,056 Consolidated Fund for— £ Regeneration areas .. .. .. .. 63,181 Interestpaid .. .. .. 1,072,016 Managed forests .. .. .. .. 71,343 Loans redeemed on conversion .. 141,554 Utilization plant .. .. .. 392,428 National endowment .. .. 20,196 Departmental property, indigenous forests: BuildOn open accounts .. .. 53,371 ings, equipment, motor-vehicles, reference library, 1,287,137 stores, &c. .. .. .. .. •• 16,150 Reserves, general .. .. • • • • 1,963,141 Sundry debtors .. .. .. •. 113,100 Amounts held in deposit .. .. .. 9,768 Cash in Public Account .. .. .. 30,698 Reserve for assets in suspense .. .. .. 11,749 Net interest payable, capitalized as from Ist April, 1940 .. .. .. .. .. 440,744 Administration expenses not yet allocated .. 11,163 Cash held in Deposit Accounts .. .. .. 9,768 Assets in suspense .. .. .. .. 11,749 £43,377,667 £43,377,667 Notes. (1) Lands and standing forests other than areas purchased have been valued as follows : prairie value, ss. per acre ; protection, £1 per acre; merchantable forests, £10 per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Plantations have been valued at cost plus compound interest to 31st March, 1940, less returns compounded to 31st March, 1940. (3) The liability for advances from the Consolidated Fund is fixed by section 21 of the Finance Act, 1926, section 3 of the Finance Act, 1926, and section 3 of the Finance Act, 1927, at £104,250. £87,405 3s. 4d. only is shown as a liability of this account, £16,844 16s. Bd. representing the expenditure on sand-dune reclamation, having been transferred without statutory authority to the Crown Lands Account. Alex. R. Entbioan, Director of Forestry. R. J. Muib, A.R.A.N.Z., Acoountant. I hereby certify that the Working Accounts, Profit ancl Loss Account, Revenue Account, 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 notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —J. P. Rutherford, Controller and Auditor-General.

13—1 [PT. IV]

SWAMP LAND DRAINAGE SCHEME Receipts and Payments Account fob the Year ended 31st March, 1944 Receipts Payments Ordinary Revenue Account— £ Ordinary Revenue Account— Territorial revenue, rents, &c. .. .. .. 368 Vote "Lands and Survey" —Drainage works: Other receipts: Miscellaneous— Maintenance of completed works — £ £ Rates— £ Kaitaia .. .. .. .. 2,671 Waihi .. .. .. .. 1,878 Poukawa .. .. .. 353 Kaitaia .. .. .. .. 5,654 Waihi .. .. .. .. .. 1,325 Poukawa .. .. .. .. 818 4 349 8,350 Transfer of receipts to— Miscellaneous .. .. .. .. .. 525 Treasury Adjustment Account .. .. .. 9,294 Credits-in-aid : Vote " Lands and Survey " .. 51 Land for Settlements Account .. ... 68 Land for Settlements Account: Recoveries on account of expenditure of previous years ...... 68 Transfer of expenditure to Treasury Adjustment Account 4,349 £13.711 £13,711 Treasury Adjustment Account for the Year ended 31st March, 1944 Dr. £ Cr. £ Receipts oredited to Ordinary Revenue Account .. 9,294 Balance, Ist April, 1943 .. .. .. .. 369,804 Transfers—■ Transfer: Vote " Lands and Survey Acoount" .. 227 Vote Lands and Survey Account " .. .. 26 Expenditure from vote " Lands and Survey *' : MainRangitaiki land drainage .. .. .. .. 459 tenance and administration .. .. .. 4,349 Balance, 31st March, 1944 .. .. .. .. 370,718 Interest on capital .. .. .. .. .. 6,117 £380,497 £380,497 Rate Accounts for the Year ended 31st March, 1944 KAITAIA DRAINAGE AREA Special Rate Accounts : Capital ' ®F r . a ! „ , T °wn Rural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ £ Cr. £ £ Transfer to Reserve .. .. .. 533 73 Balance, Ist April, 1943 .. .. .. 2,633 184 Interest charges.. .. .. .. 2,467 337 Rates levied, 1943-44 .. .. .. 2,249 441 Balance, 31st March, 1944 .. .. 1,975 219 10 per cent, penalty on unpaid rates ..93 4 £4,975 £629 £4,975 £629 General Rate Accounts : Maintenance Hiinil 1c wn Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ £ Cr. £ £ Cost of maintenance .. .. .. 2,652 70 Balance, Ist April, 1943 .. .. .. 3,027 205 Balance, 31st March, 1944 .. .. 2,354 338 Rates levied, 1943-44 .. .. .. 1,905 201 10 per cent, penalty on unpaid rates 74 2 £5,006 £408 £5,006 £408 WAIHI DRAINAGE AREA Special Rate Accounts : Capital Pukehina Kaikokopu Pukehina Kaikokopu Ward. Ward. War( j. Ward , £ £ Cr. £ £ Transfer to Reserve .. .. .. 52 78 Balance, Ist April, 1943 .. . ; .. 592 384 Remissions .. .. .. 38 63 Rates levied, 1943-44 .. .. .. 320 428 Interest charges.. .. .. .. 203 304 10 per cent, penalty on unpaid rates .. 7 8 Balance, 31st March, 1944 .. .. 626 375 £919 £820 £919 £820 General Rale Accounts: Maintenance Pukehina Kaikokopu Central Pukehina Kaikokopu Central Ward. Ward. Ward. Ward. Ward. Ward. Dr. £ £ £ Cr. £ £ £ Maintenance costs .. .. 109 615 624 Balance, Ist April, 1943 .. 1,082 173 499 Remissions .. .. 9 63 2 Rates levied, 1943-44 .. 78 535 300 Adjustment maintenance costs, 10 per cent, penalty on unpaid 1942-43 .. .. .. 200 .. .. rates .. .. .. 2 10 Balance, 31st March, 1944 .. 844 150 263 Adjustment maintenance costs, 1942-43 .. .. .. .. 110 90 £1,162 £828 £889 £1J62 £828 £889 POUKAWA DRAINAGE AREA Special Rate A ccounts : Capital Dr. £ Cr. £ Remissions .. . . .. .. .. 8 Balance, at Ist April, 1943 .. .. .. .. 578 Transfer to Reserve .. .. .. .. .. 186 Rates levied, 1943-44 .. .. .. .. 995 Interest charges .. .. .. .. .. 760 10 per cent, penalty added to unpaid rates . . .. 38 Balance, 31st March, 1944 .. .. .. .. 657 £1.611 £1,611 General Rate Accounts: Maintenance Dr. £ Cr. £ Remissions .. .. .. .. .. 8 Balance, Ist April, 1943 .. .. .. .. 1,010 Cost of maintenance .. .. .. .. 351 Rates levied, 1943-44 .. .. . ] , , '310 Balance, 31st March, 1944 .. .. .. 1,189 10 per cent, penalty added to unpaid rates .. .. 12 Thirds .. .. .. ~ ~ _, 216 £1,548 £1,548

B.—i [Pt. Tv;

SWAMP LAND DRAINAGE SCHEME—continued Balance-sheet as at 31st March, 1944 Liabilities ' Assets Capital Account— £ £ £ Kaitaia Drainage Area— £ £ Loan capital .. .. ~ .. 498,320 Allocated cost of work on which rates are Less Loans Redemption Account 70 levied— Less Land for Settlements Account 530 Rural subdivision .. .. .. 60,000 600 Town subdivision .. .. .. 8,200 —497,720 68,200 Reserve : Repayment of capital costs — Excess cost of works not recoverable .. 164,300 Kaitaia Drainage Area— £ Interest Account: Amount chargeable to Rural subdivision .. 5,704 area capitalized to 31st March, 1940 .. 168,958 Less capital remitted 353 —• 333' 258 5,351 Waihi Drainage Area—• Town subdivision 780 Allocated cost of work on which rates are —-—j- 6,131 levied— Waihi Drainage Area— Pukehina Subdivision.. .. .. 5,000 Pukehina Subdivision . . 554 Kaikokopu Subdivision .. .. 7,500 Less capital liability Central Subdivision .. .. .. 46,305 remitted.. .. 167 58,805 387 Excess cost of works not recoverable .. 28,594 Kaikokopu Subdivision 831 Interest Aocount: Amount chargeable to 1,218 area capitalized to 31st March, 1940 .. 48,576 Poukawa Drainage Area .. .. 1,682 - . 77 170 Less capital liability re- Poukawa Drainago Area— mitted .. .. .. 289 Drainage works .. .. .. 17,494 1 > 393 Interest Account: Amount chargeable to area 1,393 ■ 8,742 18,887 Rate accounts— Hikurangi Drainage Area—■ Special rate accounts: Capital— Drainage works .. .. .. 260,195 Kaitaia Drainage Area— Less amount written off .. .. 184,389 Rural subdivision .. .. 1,975 Town subdivision .. .. 219 75,806 2,194 Interest Account: Amount chargeable to Waihi Drainage Area— area capitalized to 31st March, 1940 .. 163,068 Kaikokopu Subdivision .. 375 238 Pukehina Subdivision .. 626 Mangawai Drainage Area—■ 1,001 Drainage works .. .. .. 1,878 Poukawa Drainage Area .. .. 657 Interest Account: Amount chargeable to 3,852 works to 31st March, 1939 .. .. 1,606 General rate aocounts : Maintenance— Kaitaia Drainage Area—■ 3 434 Rural subdivision .. .. 2,354 Less amount written off .. .. 3^484 Town subdivision .. .. 338 — 2,692 Harihari Drainage Area— Waihi Drainage Area— Drainage works .. .. .. 4,355 Pukehina Subdivision .. 844 Interest Account: Amount chargeable to Central Subdivision .. .. 263 area capitalized to 31st March, 1940 .. 3,429 Kaikokopu Subdivision . . 150 7 734 1,257 Unpaid purchase-money on land sold on deferred payment 688 1 oukawa Drainage Area .. .. 1,189 Buildings .. .. .. ~ 1,145 — 5,138 Buildings: Loading .. .. .. .. 159 Sundry creditors .. .. . . .. .. 216 Plant and machinery .. .. .. .. 1 312 Rents charged in advance .. . . .. . . 96 Looso tools .. .. .. .. '56 Payments in advance: Rates .. .. .. 1,007 Stores on hand .. .. .. ,1, . ggg Buildings Suspense .. .. .. .. 159 Motor-vehicles .... .. ~ .. 50 Drainage Works Suspense .. .. .. .. 688 Sundry debtors for rates— Writings-ofif in Suspense .. .. .. .. 767 Drainage Capital. Maintenance. Treasury Adjustment Account .. .. .. 370,718 & £ Kaitaia .. .. 10,019 4,852 14,871 Waihi .. .. 2,449 1,811 4,260 Poukawa ... .. 2,728 649 3,377 Sundry debtors— Rent under section 4 (2), Swamp Land £ Drainage Amendment Act, 1926 .. 85 Law-costs .. .. .. .. 368 House rents . . .. .. .. 4 Departmental . . .. .. .. 92 549 Revenue Account—Waihi Drainage Area : Central Subdivision .. .. . . .. .. 21 341 General Revenue Account .. .. .. 24,057 Suspense Account—Capital rates remitted: Kaitaia Drainage Area .. .. .. .. 12,475 Losses in Suspense .. .. .. .. 767 Interest accrued but not due .. .. .. 10 Cash in transit from post-office .. .. .. 109 £889,103 £889,103 Note. Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rate 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 accounts. R. G. Macmorran, 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 8.-l [Pt. IV]. —J.. P. Rutherford, Controller and AuditorGeneral.

B.—l [PT. IV]

" TARANAKI MAORI TRUST BOARD Receipts and Payments Account for the Year ended 31st March, 1944 Receipts Payments Balance as at Ist April, 1943— £ £ Grants— £ Bank .. .. .. .. .. 7,956 Marae —• Investment: Liberty and war loans .. 1,500 Renovation .. .. .. .. •. 554 9,456 Miscellaneous .. .. .. .. •. 53 Compensation grant .. .. .. .. .. 5,000 District .. .. .. .. .. .. 1,235 Interest on Liberty Loans .. .. .. .. 31 Education .. .. . . • • • • 336 Rent 72 Health 200 Special .. .. .. .. .. •. 212 Administration of Board— £ Members' allowance and expenses .. .. 60 Secretary's salary .. .. .. 363 Honorarium, countersigning officer .. .. 10 Office .. .. .. .. •. 151 Office renovation.. .. .. •• 17 601 Credit balance— War loans— Previous balance .. .. .. 1,500 3rd Loan .. .. .. •• 1,500 3,000 Cash — £ In bank .. .. .. 8,321 In hand .. .. . • 47 8,368 11,368 £14,559 £14,559 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure Income £ Grants— £ Compensation grant .. .. .. • • 5,000 Marae — Rent .. .. .. .. .. • • 72 Renovation .. .. .. .. .. 250 Interest — £ Miscellaneous .. .. • • .. • • 186 Received .. .. . • • • 31 Distriot .. .. .. •• •• 1,200 Accrued .. .. .. .. 12 Education .. .. •. • • • • 347 — 43 Special .. .. .. • • • • • • 212 Rehabilitation .. .. .. .. •• 2,000 Administration of Board— £ Members' allowances and expenses .. .. 93 Secretary's salary .. .. • • 278 Honorarium, countersigning officer .. .. 20 Office .. .. .. .. • • 213 604 Excess of income over expenditure .. . . .. 316 £5,115 £5,115 Balance-sheet as at 31st March, 1944 Liabilities Assets £ Grants £ Compensation grant outstanding .. .. .. 3,000 Marae— Furniture and fittings .. .. .. .. 92 Renovation .. .. .. .. .. 2,161 Land and buildings.. .. .. .. .. 1,128 Miscellaneous .. .. .. . . .. 329 Sundry debtors .. .. .. .. .. 362 District .. .. •• •• •• 1,247 Cash balances — £ £ Health .. .. .. .. .. •• 2,400 In bank.. .. .. .. 8,321 Education .. .. .. .. . • 100 In hand.. .. .. •. 47 Rehabilitation .. .. •. . ■ .. 2,000 — - 8,368 Reserve funds .. .. .. .. 2,019 War loans .. .. .. .. 3,000 Office •• 475 11,368 Appropriation Account— £ Balance at 31st March, 1943 .. .. 5,303 Add excess of income over expenditure .. 316 5,619 Less transfer to General Reserve .. .. 400 5,219 £15,950 £15,950 The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct subject to the following —Comment: As Parliament has not provided in the Appropriations for the payment of the compensation grant of £3,000, the item " Compensation grant outstanding, £3,000 " should not be shown in the Balance-sheet as an asset of the Board. Exception : No receipted vouchers or invoices were produced at audit in respect of payments to District Committees amounting to £1,012 lis. 3d. —Cyril G. Collins, Controller and Auditor-General.

B.—l [PT. IV]

TUWHARETOA TRUST BOARD Receipts and Payments Account for the Yeab ended 31st March, 1944 Receipts £ £ Payments £ Balance, 31st March, 1943 —• Grants .. .. .. .. .. 3,315 New Zealand Government war loan .. 750 Members .. .. .. .. ~ .. 139 Deposit— Office expenses .. .. .. .. .. 136 Native Trustee .. .. .. 3,250 Petty cash expended .. .. .. .. 13 National Savings .. .. .. 502 Sundry unclassified expenses .. .. .. 56 Post Office Savings-bank .. .. 7 Debenture interest .. .. .. .. .. 60 Petty cash on hand .. .. .. 2 Bonds Account .. .. .. .. .. 500 Advances and repayment credits .. .. .. 751 4,511 Balance, 31st March, 1944—■ £ Less overdraft, Bank of New Zealand .. 41 New Zealand Government war loan .. 750 4,470 Deposit— Grant from New Zealand Government .. 3,000 Native Trustee .. .. .. 1,335 Interest— National Savings .. .. .. 816 Native Trustee .. .. .. .. 87 Post Office Savings-bank .. .. 8 National Savings .. .. .. 14 Petty cash on hand .. .. .. 4 Repayments against advances .. .. 281 Liberty bonds .. .. .. ~ 250 Refund grant .. .. .. .. 29 Office rent .. .. .. .. 2 3,163 413 Less overdraft, Bank of New Zealand .. 250 2,913 £7,883 £7,883 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ Income £ £ Grants .. .. .. .. .. .. 3,286 Grant from New Zealand Government .. 3,000 Members .. .. .. .. .. .. 139 Interest— Office expenses .. .. .. .. .. 150 Native Trustee .. ~ .. .. 87 Petty cash expended .. .. .. .. 13 National Savings .. .. .. 14 Sundry unclassified expenditure .. .. .. 55 101 Debenture interest .. .. .. .. .. 60 3,101 Balance carried down .. .. .. .. 602 £3,703 £3,703 £ £ Balance brought down .. .. .. .. 602 Balance brought forward .. .. .. .. 8,452 Balance carried forward .. .. .. .. 7,850 £8,452 £8,452 Balance-sheet as at 31st March, 1944 Liabilities £ Assets £ Reserve for depreciation .. .. .. .. 59 Office furniture .. .. .. .. ~ 42 Tongariro Timber Owners' Claims Account .. 500 Office appliances .. .. .. .. .. 17 Sundry creditors .. .. .. .. .. 34 Post Office Savings-bank .. .. .. .. 8 Bank of New Zealand .. .. .. .. 250 Native Trustee Deposit Account .. .. .. 1,335 Balance, Income and Expenditure Account .. .. 7,851 Petty cash on hand .. .. .. .. 4 Tongariro Timber Owners' Claims Account .. .. 2,000 Ngati-Tuwharetoa compensation claim: Principal. .. 1,074 Barclay, G. .. .. .. .. .. 4 Sundry debtors for advances as per list .. .. 2,393 Loan to Now Zealand Government free of interest .. 750 National Savings Account .. .. .. .. 817 Liberty bonds .. .. .. .. .. 250 £8,694 £8,694 Werihe te Tuiri, Chairman. P. Alfred Grace, Secretary. The Audit Office, having examined the balance-sheet and accompanying accounts required by law to be audited, hereby certifies them to be correct. —Cyril G. Collins, Controller and Auditor-General.

B.—l [Pt. IV]

WESTPORT HARBOUR ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ Income . £ Dredging .. .. .. .. ~ 48,971 Special coal rate .. .. .. .. .. 20,194 Harbour maintenance .. .. ~ ~ 5,703 Endowment revenue .. .. .. .. 16,933 Breakwater protective works .. .. .. 2,007 Port dues .. .. .. .. .. .. 3,193 Working-expenses of tug and launch .. .. .. 98 Sale of stores, &c. .. .. .. .. .! '573 Office administration (local) .. .. .. .. 1,469 Hire of plant .. .. .. .. .. 2,225 Endowments: Administration expenses .. . . 474 Rent .. . . .. .. .. .. 101 Audit fees.. .. .. . . .. ~ 64 Use of transmission line .. .. .. ~ 24 Telephone services .. .. . . . . ~ 125 Supervision of explosives magazine .. .. .. 75 Compensation for accidents .. .. .. .. 128 Miscellaneous .. .. .. .. .. 32 Travelling-expenses.. .. .. .. .. 162 Balance carried down .. .. .. .. 34,603 Miscellaneous .. .. ~ .. ~ 3 Head Office administration ~ .. .. .. 600 Depreciation— £ Buildings .. .. .. .. 139 Dredge wharf, &c. .. . . .. 139 278 Interest on loans .. .. .. .. .. 17,871 £77,953 £77^953 £ £ Balance brought down .. .. .. .. 34,603 Excess expenditure over income carried down .. .. 41,074 Transfer to Sinking Eund .. .. ... .. 6,471 £41,074 £41,074 £ £ Excess expenditure over income, 31st March, 1944, General Reserve Account .. .. .. .. 113,429 brought down .. .. .. .. .. 41,074 Balance, 31st March, 1943.. .. .. .. 72,355 £113,429 £113,429 Receipts and Payments Account for the Year ended 31st March, 1944 Receipts £ s. d. Payments £ s. d. Marine revenue: Westport Harbour receipts .. 46,092 14 7 Refunds of revenue .. .. .. .. 118 11 10 Final charges : Adjustments.. .. .. 1,117 0 1 Westport Harbour payments .. .. .. 56,250 19 7 Credits in aid (gross) .. .. .. 191 15 3 Final charges adjustments .. .. .. 1,117 0 1 Balance carried down .. .. . . 10,085 1 7 £57,486 11 6 £57,486 11 _6 Treasury Adjustment Account £ b. d. £ s, d. Balance carried down .. .. .. 10,685 1 7 Balance brought down . .. .. .. 10,085 1 7 Administration charges : Head Office .. .. 600 0 0 £10,685 1 7 £10,685 1 7 .. , £ s. d. £ s. d. Balance carried down .. .. .. 138,936 14 11 Balance brought down .. .. .. 10,685 1 7 Balance, Ist April, 1943 .. .. 102,775 18 0 Interest on capital .. .. .. 17,870 16 8 Sinking Fund contribution .. .. .. 7,604 18 8 £138,936 14 11 £138,936 14 11 £ s. d. Balance brought down .. .. .. £138,936 14 11 Balance-sheet as at 31st March, 1944 Liabilities Assets Liability to Consolidated Fund— £ Endowment lands— £ £ Loan liability (National Development Loans Act, 1941, Leased.. .. .. .. .. 35,843 section 6) .. .. .. .. .. 120,715 Unleased .. .. 23,938 Other capital— ,-<) Finance Act, 1926, section 22 .. .. .. 94,354 Breakwaters .. .. .. .. ~ 344',333 Finance Act, 1932 section 16 .. .. .. 92,421 Training-walls .. .. .. .. 102,998 Protective works and relief channel .. .. .. 17,385 307,490 Limestone quarry .. .. .. ~ _ J2g Endowment capital .. .. .. .. 59,781 Gridiron.. .. .. .. . " 1 186 Sinking Fund .Reserve .. .. .. ..145,480 Dredge wharf .. .. 'f>sl General Reserve Account .. .. .. .. 41,077 Martin's Island .. .. .. " 700 Writing-off, Reserve Account .. .. .. 94 Harbour buildings.. . . .. . . " 1 COB Payments in advance .. .. .. .. 613 Dredges, tug " Mana," plant, &c. .. .. 5* 714 Creditors £ Cape Foulwind Railway .. .. .. s'2sl Departmental .. .. .. .. 625 Office furniture and fittings.. .. .. ~ 22 Sundry .. .. .. .. 5,103 Stock and stores .. .. .. .. 4,935 5,728 Breakwater Repairs Suspense Account .. .. 1 287 Treasury Adjustment Account .. .. ~ 138,937 Debtors— £ Accrued revenue .. .. ... 777 Departmental .. .. .. .. 1,498 Sundry .. .. ~ 2,472 1,747 Sinking Fund investments .. .. .. .. 145,480 Writing-off, Suspense Account .. .. .. 94 £699,200 B. W. Millier, Acting-Secretary of Marine. William C. Smith, Accountant. I hereby certify that the Income and Expenditure Account 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. —Cyril G. Collins, Controller and Auditor-General.

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1943-44 AUDITED ACCOUNTS, Appendix to the Journals of the House of Representatives, 1945 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1943-44 AUDITED ACCOUNTS Appendix to the Journals of the House of Representatives, 1945 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1943-44 AUDITED ACCOUNTS Appendix to the Journals of the House of Representatives, 1945 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1943-44 AUDITED ACCOUNTS Appendix to the Journals of the House of Representatives, 1945 Session I, B-01-part04

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1943-44 AUDITED ACCOUNTS Appendix to the Journals of the House of Representatives, 1945 Session I, B-01-part04

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