BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1944-45 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932)

Appendix to the Journals of the House of Representatives, 1946 Session I, B-01-part03

B—l [Pt. IV]

1946 NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1944-45 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932)

This publication is one of a series of three- statements dealing with the Public Accounts, as under : B-l [Pt. I]. —The Public Accounts with Supplementary Statements, including Statement of the Public Debt and Transactions in connection therewith previously incorporated in B-l [Pt. lII]. B-l [Pt. ll]. —Report of Controller and Auditor-General. B-l [Pt. IV]. —Balance-sheets and Statements of Account of various Government Departments.

B—l [PT. IV]

CONTENTS PAGE Administration of Western Samoa (1944) .. .. .. .. .. ..4 Arawa District Trust Board .. .. .. .. .. .. .. 7 Electric Supply Account .. .. .. .. .. .. .. 10 Government Life Insurance Department (see Parliamentary Paper H-8). Hauraki Plains Settlement .. .. .. .. .. .. .. 19 Housing Account (see Parliamentary Paper B-13). Land for Settlements Account ~ .. .. .. .. .. .. 22 Main Highway Account (see Parliamentary Paper D-l). Maori Purposes Fund Board .. .. .. .. .. .. .. 30 Marketing Department— Export Division (see Parliamentary Paper H—3o). Internal Marketing Division (see Parliamentary Paper H-30a). National Broadcasting Service .. .. .. .. .. .. .. 32 National Broadcasting Service : Commercial Division .. .. .. .. 33 Native Department— District Maori Land Boards .. .. .. .. .. .. 35 Native Land Development Schemes .. .. .. .. .. .. 41 Native Housing Fund . . .. .. .. .. .. .. 43 Native Trustee . . .. .. .. .. .. .. .. 48 Post and Telegraph Department .. .. .. .. .. .. .. 51 Printing and Stationery Department .. .. .. .. .. .. .. 55 Public Trust Office (see Parliamentary Paper B-9a). Railway Department (see Parliamentary Paper D-2). Railway Superannuation Fund (see Parliamentary Paper D-5). Rangitaiki Land Drainage Scheme .. .. .. .. .. .. 60 Small Farms Scheme . . .. .. .. .. ... .. .. 62 State Coal-mines Account (see Parliamentary Paper C-2a). State Fire Insurance Office — Fire Branch (see Parliamenary Paper H-6). Accident Branch (see Parliamentary Paper H-6a). State Forest Service .. .. .. .. .. .. .. .. 72 Swamp Land Drainage Scheme .. .. .. .. .. .. 76 Taranaki Maori Trust Board .. .. .. .. .. .. .. .. 81 Tuwharetoa Trust Board .. .. .. .. .. .. .. .. 84 War Damage Fund (see Parliamentary Paper B-ll). Westport Harbour Account .. .. .. .. .. .. .. .86

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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 B-l [Pt. IV], 1945, 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 B-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 are 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. —Treasury 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 payment 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 Lines in the case of purchases made for the Railways. Exchange was also recovered from all separate accounts, both within and outside the Public Account, in respect of remittances for the purchase of materials and miscellaneous services. (v) Charges not subject to specific Appropriation. - -In pursuance of the general authority quoted in (i) above, certain charges such as administration, exchange of properties, assessed rental 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. —In 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 are assessed annually with rental based on the average rate of interest, the cost or valuation of the property, and the class of building. (viii) 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 paperconservation measure. 1*

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B—l [Pt. IV]

Expenditure £ s. d. 1 Revenue £ s. d. Administrator and Government House .. .. 2,762 22 Education.. .. .. .. .. .. 509 1 5 Education., .. .. .. .. .. 10,039 0 6 Medical .. .. .. .. .. .. 13,297 8 7 Medical .. .. .. .. .. .. 26,795 0 6 Justice .. .. .. .. .. .. 3,120 16 11 Justice .. .. .. .. .. .. 2,011 12 8 Lands and Survey .. .. .. .. 4,081 14 7 Lands and Survey .. .. .. .. 2,857 11 2 Native Affairs .. .. .. .. .. 601 12 4 Native Affairs .. .. .. .. .. 9,168 17 9 Police and Prisons .. . .. .. 3,253 9 0 Police and Prisons .. .. .. .. 8,617 3 11 Postal and Radio .. .. .. .. .. 16,025 10 4 Postal and Radio .. .. .. .. .. 10,144 0 11 Public Works .. .. .. .. .. 7,300 12 5 Public Works .. .. .. .. .. 27,783 7 9 Treasury .. .. .. .. .. .. 235,675 17 8 Secretariat .. .. .. .. .. 6,826 9 11 Treasury and Customs .. .. .. .. 14,301 1 8 Reserve for Bad and Doubtful Debts Adjustment .. 990 0 0 Interest on public debt .. .. .. .. 3,389 19 8 Depreciation .. .. .. .. .. 7,635 0 9 Balance .. .. .. .. .. .. 150,544 13 11 £283,866 3 3 £283,866 3 3 Balance-sheet as at 31st March, 1944 , Liabilities Assets ' £ s. d. £ s. d. £ s. d. £ s. d. Capital Account .. .. .. 200,891 5 8 Land .. .. .. .. 33,787 5 3 Plus Balance Revenue Account .. 150,544 13 11 Roads and Bridges .. .. .. 34,052 13 7 351,435 19 7 Apia drainage and water works .. 22,136 4 8 Assets Replacement Reserve .. .. .. 12,000 0 0 Native water-supplies .. .. 26,256 9 8 Vaisigano Bridge Replacement Reserve .. .. 12,200 0 0 Buildings and wharves '.. .. 145,459 0 0 Plant and machinery .. .. 34,384 6 6 375,635 19 7 Launches and boats .. .. .. 3,174 12 3 New Works and Buildings Reserve .. .. 80,000 0 0 Buoys, beacons, and moorings .. .. 1,326 2 3 Reserve for Assets in Suspense for writing off .. 2,266 18 0 Motor and other vehicles .. .. 4,938 3 4 Public debt, New Zealand Government .. 80,325 0 0 Arms and accoutrements .. .. 593 0 6 Less repaid during year .. 71,080 15 6 Fire-fighting appliances .. .. 1,147 1 9 9,244 4 6 Furniture and fittings .. .. 13,326 4 7 Samoan currency notes .. .. .. 67,000 0 0 Mechanical office appliances .. .. 841 1 1 Post Office Savings-bank deposits .. .. 198,292 1 6 Medical and technical instruments, &c... 6,272 4 7 Coolie Labour Account .. .. .. 15,625 13> 5 Libraries .. .. .. .. 1,018 13 2 Sundry deposits— Assets.: Suspense .. .. .. 15 11 1 Held in Treasury .. .. .. 2,793 11 2 Assets, in Suspense for writing off .. 2,266 18 0 Held in departmental trust accounts .. 10,037 1 012,830 12 2 330,995 12 3 Sundry creditors .. .. .. .. 2,921 0 1 Less depreciation .. .. .. 104,568 14 3 Public Debt Sinking Fund .. .. .. 2 7 11 226,426 18 0

ADMINISTRATION OF WESTERN SAMOA Revenue Account for the Year ended 31st March, 1944

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B—l [Pt. IV]

Loose tools .. .. .. .. 205 0 7 Saddlery and harness .. .. 44 10 3 Live-stock .. .. .. .. 181 6 6 Consumable stores .. .. .. 44,346 8 4 44,777 5 8 ' • Reserve Fund investments— Assets replacement: New Zealand Government stock .. .. .. 80,000 0 0 . ...... Vaisigano Bridge replacement: - New - Zealand Government stock .. 12,200 0 0 92,200 0 0 Other investments— Samoan .currency notes: New Zealand Government stock .. .. 67,000 0 0 Ordinary revenue : New Zealand Government stock .. .. .. 1,350 0 0 Deposits in Post Office Savings-bank, Apia .. .. .. .. 677 2 8 Mortgage over freehold property in Samoa .. .. .. .. 356 16 4 Public Debt Sinking Fund : New Zealand Treasury . . .. .. 2 7 11 69,386 6 11 Post Office Savings-bank Account— Cash in New Zealand .. .. 17 6 Investments in New Zealand .. 181,153 0 0 Bank of New Zealand, Apia .. 17,137 14 0 i98,292 1 6 Coolie Labour AccountInvestments : New Zealand Government stock .. .. .. 11,550 0 0 £ s. d. Sundry debtors .. 1,350 13 7 Less Reserve for Bad and Doubtful Debts 500 6 11 B5O 6 8 Accrued interest not yet due .. 53 3 2 Furniture and mechanical office appliances .. 56 10 1 f,— Less Depreciation Re- - , - serve .... 55 12 1 0 18 0 12,454 7 10 Less Chinese sundry creditors .. .. .. 5 4 11 12,449 2 11 Carried forward .. .. .. 763,818 17 2 Carried forward .. .. 643,531 15 0

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B—l [Pt. IV]

„ Liabilities continued £ s. d. Assets—continued £ s. d. Brought forward 763,818 17 2 Brought forward .. .. 643,531 15 0 Advances— £ a. d. Sundry .. .. .. 5,257 8 9 Aleisa Land Settlement Scheme v . .. .. 3,703 19 9 8,961 8 6 Sundry debtors— £ g. d. Ordinary .. .. 15,753 7 4 Tulaele Farm : Deferred principal .. 2 10 4 15,755 17 8 Less Reserve for Bad and Doubtful Debts .. .. 10,690 0 0 5,065 17 8 Interest on investments accrued but not due.. .. .. .. • .. 1,352 16 8 Payments in advance .. .. .. 4 15 9 Cash and bank balances— Cash in hand— Apia .. .. .. .. 2,461 19 6 Resident Commissioner, Savai'i . . 101 5 5 Bank of New Zealand, Apia .. 54,652 4 8 Cash held in departmental trust accounts 10,037 1 0 Deposit Account: New Zealand Treasury 27,372 14 2 Bank of New Zealand, London, imprest 733 19 0 Coin held for issue .. .. . . 7,800 0 0 Reserve Bank of New Zealand . . 272 5 2 Plus remittances in transit .. 1,470 14 8 _ 104,902 3 7 £763,818 17 2 £763,818 17 2 J. B. Wing, Treasurer of Western Samoa, Examined and found correct— J. P. RuTEEnronD, Controller and Auditor-General.

ADMINISTRATION OF WESTERN SAMOA— continued Balance-sheet as at 31st March, 1944—continued

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B—l [Pt. IV]

Receipts £ £ Payments £ Balance at bank, 31st March, 1944 .. .. .. 1,460 Bonds and debentures: Mortgage No. 1 .. .. .. 2,133 Cash in hand, 31st March, 1944 .. .. .. 28 Administration expenses .. .. .. .. .. 1,499 Reserve Bank of New Zealand .. .. .. 2,000 Rotorua Borough Council .. .. .. 541 —— 3,488 Loans granted .. .. .. .. .. .. 3,390 New Zealand Government statutory grant .. .. .. 6,000 Grants: Maraes, education,- &c. .. .. .. .. 2,718 Loans repayment .. .. .. .. .. .. 3,044 Special grants .. . . . . .. .. 1,886 Contributions and subsidies : Maraes, meeting-houses, &c. .. 1,346 Deposits .. .. .. . . .. .. .. 643 Deposits .. .. .. .. .. .. .. 474 Miscellaneous .. .. .. .. .. .. 2,072 Miscellaneous .. ~ .. .. ~ .. 443 Advances to sundry tribes . , . . .. .. .. 129 Refunds .. .. .. .. .. .. .. 434 Maketu general expenses .. . . .. .. .. 35 Arawa Maori Council .. .. .. .. .. 2 Sundry rates .. .. .. .. .. .. 100 Maketu rents, taxes, &c. .. .. .. .. . . 41 Sundry creditors for wage-tax .. .. .. .. 7 Interest — £ Office furniture .. . . .. . . .. .. 67 Government stock .. .. .. .. 46 Tautara No. 20a .. .. .. .. .. .. 100 Maketu Farm .. .. .. .. .. 2,578 Maketu rents, taxes, &c. .. .. .. .. .. 12 2,624 £ Advances to sundry tribes : Kotahitanga .. .. .. 83 Bank balances at 31st March, 1945 .. .. .. 147 Reserve Bank : War Loans Account .. .. .. 1,000 Liberty Loans (third stock) .. .. .. .. 1,000 Victory Loan .. .. .. .. .. 500 2,647 £17,979 £17,979

ARAWA DISTRICT TRUST BOARD General Statement of Receipts and Payments for the Year ended 31st March, 1945

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B—l [Pt, I¥]

ARAWA DISTRICT TRUST BOARD— continued Income and Expenditure for the Year ended 31st March, 1945 Part I

Expenditure £ Income £ Audit fees .. .. .. .. .. 14 Arawa District Trust Board (Treasury) .. .. .. 6,000 Arawa: Patriotic .. .. .. .. 370 Maketu Farm: Interest, 1944-45 .. .. .. .. 1,500 Education grants .. .. .. . . . . 1,680 Interest received .. .. .. .. .. £ Election Board members .. .. .. .. .. 13 Liberty Loan .. .. .. .. .. 15 Honorarium .. .. .. .. .. .. 60 Government stock .. .. .. .. 25 Marae grants .. . . .. .. .. .. 233 Waiariki Maori Land Board .. .. .. 9 Members' expenses .. .. .. .. .. 170 R. Kingi: Shares Miscellaneous loans .. ■ .. .. .. .. 67 —— 49 Office— Arawa Maori Council: Saloon license .. ... .. 2 Rent .. .. .. .. ~ .. .. 86 Discounts .. .. .. .. .. .. .. 31 Expenses .. .. .. . . .. .. 308 Maketu rents, taxes, &c. .. .. .. .. .. 30 Salaries .. .. .. .. , . .. ~ 921 Maori Arts and Crafts and Carpentry School assets .. .. 28 Special grants .. .. .. .. .. 1,908 Rents Account .. .. .. .. .. .. 4 Depreciation .. .. .. .. .. .. 169 Urquhart and Roe .. .. .. .. .. 150 Ohinemutu sewerage .. .. .. .. .. 270 Arawa war effort .. .. .. .. .. .. 4 Interest .. .. .. .. .. .. .. 568 Balance carried down .. .. .. .. .. 953 £7,794 £7,794 Accumulated Income and Expenditure Part II £ £ Loans repayment .. .. .. .. .. .. .1,566 Adjustment, Property Investment Account .. .. .. 2,551 Tauranga Archdeaconry .. .. .. .. .. 1,171 Balance brought down from Part I .. .. .. .; 953 Balance, income and expenditure .. .. .. .. 19,212 Arrears: Maketu Farm interest, 1943-44 .. .. .. 1,078 Balance, Income and Expenditure Account, Ist April, 1944 .. 17,367 £21,949 £21,949

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B—l [Pt. IV}

Balance-sheet as at 31st March, 1945

Liabilities £ Assets £ Native Trustee (Treasury): Mortgage No. 1 .. .. 14,765 Property investments— Sundry accounts in credit .. .. .. .. 250 Maketu Farm investment .. .. .. .. 36,692 Amounts held in trust .. .. .. .. .. 68 Whakapoungakau 4k .. .. .. .. 438 Miscellaneous ~ . . . . .. .. .. 121 Tautara 20a .. .. . . .. . . .. 100 Sundry villages .. .. .. .. .. .. 1,300 Other properties .. .. .. .. . . .. 1,980 Sundry tribes .. . . .. .. .. .. 300 Other investments v . .. .. .. .. 10 Deposits.. .. .. .. .. .. .. 133 Loans, including interest .. .. .. .. .. 4,763 Loans repayment .. .. .. .. .. 14,275 Sundry debtors: Ordinary, villages, tribes, Natives ... .. 3,427 Income and expenditure .. .. .. .. .. 19,212 Equipment, plant, &c. .. .. .. .. .. 367 £ Bank of New Zealand .. .. .. .. 417 Less outstanding cheques .. .. .. 270 147 Reserve Bank: War Loan .. .. .. .. 1,000 Liberty Loan .. .. .. .. .. 1,000 Victory Loan .. .. .. .. . . 500 1,500 £50,424 £50,424 J. Z. N. MITCHELL, 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.— J. P. Rutherford, Controller and Auditor-General.

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B—l [Pt. IV]

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 position as disclosed thereby.— J. P. Rutherford, Controller and Auditor- General.

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1945 General Balance-sheet at 31st March, 1945, compared with Position at 31st March, 1944

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Liabilities. 31/3/45. 931/3/44. Assets. 31/3/45. 31/3/44. j t National Development Loans Account: 4 per cent, interest £ £ 21,297,211 £ 19,040,144 North Island scheme : Assets as per separate balance-sheet £ £ 17,981,760 £ 15,764,252 Interest reserve, being excess of interest charged to schemes over interest actually paid on capital liability Sundry creditors — North Island scheme South Island scheme •Surveys and General 253,399 154,670 49 60,997 408,118 58,242 192,645 57,309 South Island scheme : Assets as per separate balance-sheet Surveys and general .. .. Balance in Electric Supply Account at the end of year — Cash in Public Account Imprests outstanding 16,441 10,032,388 22,986 9,260,844 21,579 36,965 22,393 249,954 16,441 59,358 Depreciation ReserveNorth Island scheme South Island scheme 2,069,631 1,175,970 3,245,601 1,761,024 991,178 2,752,202 Loan Redemption Fund — Amount utilized for redemption of loans .. Available for further redemptions 2,903,701 134,538 3,038,239 2,440,767 462,934 2,903,701 Keserve Fund — North Island scheme South Island scheme 98,532 98,532 Sundry credit balances 3,409 3,258 Total .. .. :. 28,053,575 25,106,033 Contingent Liability Arrears of appropriation to Loan Redemption Fund 279,068 52,907 Total .. 28,053,575 25,106,033

B—l [Pt. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1945, compared with Year ended 31st March, 1944 Gross Revenue Account

11

— 1944-45. 1943-44. 1944-45. 1943-44. Generating-expenses (hydroelectric) — Arapuni Horahora Mangahao Waikaremoana (Tuai) Waikaremoana (Piripaua) .. £ 37,769 9,253 17,475 23,676 6,999 £ £ 44,038 8,593 14,058 17,136 4,476 Sales of electrical energy — Bulk for resale Other than for resale — Traction Industrial Retail £ 19,319 47,985 3,829 £ 1,750,573 71,133 £ £ 1,686,634 22,358 42,816 3,334 95,172 1,821,706 Generating-expenses (fuel) — King's Wharf Penrose Huntly 88,301 Rents — Land and buildings Lines and plant 1,755,142 126,130 8,129 973 144,301 8,272 907 16,340 487 16,827 16,381 651 135,232 17,032 153,480 Miscellaneous revenue 2,997 2,733 Purchase of power in bulk Stand by charges 219,962 32,508 267,271 32,155 Transmission system : Patrol and maintenance Substations : Operation and maintenance Communication system : Patrol and maintenance Distribution : Maintenance System operation, testing, &c. Management and general expenses 482,874 52,358 71,750 5,967 1,863 24,269 146,255 541,207 44,624 63,854 4.,599 1,984 19,313 69,882 - Balance, to Net Revenue and Appropriation Account 1 : 785,336 ,056,194 745,463 1,029,444 1 ; ,841,530 1,774,907 1,841,530 1,774,907

B—l [Pt. IVj

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Profit and Loss Account for Year ended 31st March, 1945, compared with Year ended 31st March, 1944— continued Net Revenue and Appropriation Account

Depreciation Reserve Account

12

— 1944-45. 1943-44. 1944-45. 1943-44. Interest (gross) for year Less interest capitalized Depreciation on completed works Loan Redemption Fund Social security charge, national security tax, income-tax £ 563,038 88,038 £ 475,000 246,797 132,325 300,604 £ 498,616 49,460 Balance from Gross Revenue Account Transfer from Reserve Fund (Finance Act (No. 2), 1944, Section 9) £ 1,056,194 98,532 £ 1,029,444 202,483 449,156 237,521 208,068 337,182 1,154,726 1,231,927 1,154,726 1,231,927

— 1944-45. 1943-44. 1944-45. 1943-44. Replacements, renewals, &c. Balance £ 8,631 2,069,631 £ 3,807 1,761,024 Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue and Appropriation Account £ 1,761,024 70,441 246,797 £ 1,468,567 58,743 237,521 2,078,262 1,764,831 2,078,262 1,764,831

B—l [Pt. IV]

Reserve Fund Acccount

Loan Redemption Fund Account

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Balance £ 2,025,045 £ T,892, 720 Balance at close of previous year Amount set aside as per Net Revenue and Appropriation Account £ 1,892,720 132,325 £ 1,684,652 208,068 2,025,045 1,892,720 2,025,045 1,892,720

Net Revenue and Appropriation Account. Balance £ 98,532 £ 202,483 98,532 Balance at close of previous year £ 98,532 £ 301,015 98,532 301,015 $8,532 301,015

B—l [PT. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1945, compared with Position at 31st March, 1944

14

°0 to ©i <5. CO OJ CO to use* M OO to *"H to M< CO is. Oi Us O* to <*> to CO s CO CO us OJ Us to US °C to CO to co N. oj 1 »o S 1 us >Hto to Us us M OO us Us <M CO is. c«3 oo ©i ?* CO CO Oi co p CO to ?0 to to ?0 «o to >H Us Ml to Oi e<s *"»t CO 0> ; of to ©Tto >H *o to o* 00 Mi Mi 04 M< j CO <M CO OJ Oi >-S i >h *H i 00 OJ UO OS Csl Ol 00 l> rH GO OJ HOOMMN Oi 05 CO Ci CO<M O CO Ol CI C3 CO O o CO t> 00 C5 Ol 00 CO CO CO CO 00 co Oa Ol Ol i-i l> CO TH CO 00 CO 00 lOHd rH CO Ol CO 00 TH Ol of GOOOO TH 00 oa 01 O \ CO OI Ol rH CO CO rH l> tH* OHONOl CO Ol CO CO iH UO (M ,585 ,807 CO 00 H 00 O OS C+3 J> CO <N IQ C5 CO iH CO CO rH CO 00 Ol rH CO 00 CO CO 00 c rH rH j • * 1 Assets Hydro-electric plants — Arapuni Horahora Mangahao Waikaremoana (Tuai) .. Waikaremoana (Piripaua) Fuel-plants — King's Wharf Penrose Huntly Transmission-lines system Substations Communication system .. Distribution system Offices, stores, land, buildings Cost of raising loans Interest during construction— On assets in operation .. On assets not in operation Works under construction Plant, motor-vehicles, and toe Stocks of materials Sundry debtors .. Mi O} Oo 1 ©4 05 oS - 3 CO to US CO Ml OO co* *+* *-f co M"O0 oo to co oa of Oi oo OO ' of oo OS to *h oo Co ?>- rH CO rH ifS ©OlO -3 CO o CO 00 00 *g O co of rH 00 01 Ol CO vri TH \ of <N CO TH I> rH co ° vo 103,943 CO 1 • * i> CO of of a co 00 T- - P .2 01 § 1 • a P§ -Loan redemption Fund — Utilized for redemption of loans Available for further redemptioi ! CO ! * ►g KI Liabiliti Depreciation Reserve Reserve Fund Sundry creditors .. Sundry credit balances Head Office Account Contingent L Arrears of appropriation t( Fund

B—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1945, compared with Year ended 31st March, 1944 Gross Revenue Account

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1944-45. 1943-44. 1944-45. 1943-44. Generating - expenses (hydroelectric) — Cobb River Lake Coleridge Lake Waitaki .. .. ■ Kaimata Monowai .. £ - 12,796 19,495 13,828 1,794 7,992 £ £ 19,039 15,101 2,125 7,459 Sales of electrical energy — Bulk for resale Other than for resale — Traction Industrial Retail £ 33,299 110,455 116,786 £ 584,420 260,540 £ £ 549,805 33,194 100,758 111,152 55,905 844,960 794,909 43,724 Rents — Land and buildings .. Lines and plant Generating-expenses (fuel) — Stoke Dobson 837 10,079 32,568 •• 5,999 123 6,122 4,970 496 10,916 10,027 1,315 5,466 Purchase of power in bulk Standby charges - 2,676 225 Miscellaneous revenue 11,218 8,705 Transmission system : Patrol and maintenance Substations : Operation and maintenance Communication System : Patrol and maintenance Distribution : Maintenance System operation, testing, &c. .. Management and general expenses 78,163 18,365 37,376 2,141 25,901 13,188 84,250 79,193 21,091 31,010 3,301 28,189 11,378 64,793 1 1 Balance, to Net Revenue and Appropriation Account 259,384 602,916 238,955 570,125 862,300 809,080 862,300 809,080

B—l [PT. IV]

SOUTH ISLAND-HYDRO-ELECTRIC-POWER SUPPLY— continued Profit and Loss Account for Year ended 31st March, 1945, compared with Year ended 31st March, 1944— continued Net Revenue and Appropriation Account

Depreciation Reserve Account

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— 1944-45. 1943-44. 1944-45. 1943-44. Interest (gross) for year Less interest capitalized Depreciation on completed works Loan Redemption Fund Social security charge, national security tax, income-tax £ 328,387 30,170 £ 298,217 159,237 2,213 143,249 £ 283,299 14,810 Balance from Gross Revenue Account Transfer from Reserve Fund (Finance Act (No. 2), 1944, section 9) £ 602,916 £ 570,125 86,766 268,489 29,797 254,866 103,739 602,916 656,891 602,916 656,891

— 1944-45. 1943-44. 1944-45. 1943-44. Replacements, renewals, &c. Balance £ 14,092 1,175,970 £ 18,425 991,178 Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue and Appropriation Account £ 991,178 39,647 159,237 £ 942,121 37,685 29,797 1,190,062 1,009,603 1,190,062 1,009,603

B—l EPt. IV}

Loan Redemption Fund Account

Reserve Fund Account

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Balance £ 1,013,194 £ 1,010,981 Balance at close of previous year Amount set aside as per Net Revenue and Appropriation Account £ 1,010,981 2,213 £ 756,115 254,866 1,013,194 1,010,981 1,013,194 1,010,981

Net Revenue and Appropriation Account .. Balance .. .. .. ' .. £ £ 86,766 Balance at close of previous year £ £ 86,766 86,766 86,766

B—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1945, compared with Position at 31st March, 1944

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— 31/3/45. 31/3/44. 31/3/45. 31/3/44. Liabilities £ £ £ Assets £ £ £ Depreciation Reserve.. .. .. 1,175,970 991,178 Hydro-electric plants— Cobb River .. .. 618,598 I Loan Redemption Fund— Lake Coleridge .. .. 860,016 858,084 Utilized for redemption of loans 1,010,981 756,115 Lake Waitaki .. .. 1,978,718 1,976,661 Available for further redemptions 2,213 254,866 Kaimata .. .. .. 145,642 145,455 1,013,194 Monowai.. .. .. 208,301 208,070 1,010,981 .. .. .. 3,811,275 3,188,270 Fuel-plants — Reserve Fund .. .. .. .. .. Stoke .. .. ... 18,929 Dobson .. .. j. 136,480 136,547 155,409 Sundry creditors .. .. .. 154,670 57,309 Transmission-lines system .. .. 1,252,702 1,088,516 Substations .. .. .. 1,148,265 935,913 Communication system .. .. 82,462 81,116 Sundry credit balances .. .. 2,609 2,783 Distribution system .. .. .. 940,729 902,792 Head Office Account .. .. .. 7,685,945 7,198,593 Offices, stores, land, buildings, &c. .. 24,635 22,054 , Cost of raising loans .. .. .. 546, 379 540, 309 Interest during construction — On assets in operation .. 578,082 493,130 On assets not in operation .. 57,804 35,196 635,886 528,326 Works under construction . . .. 820,871 1,360,194 9,418,613 8,784,037 Plant, motor-vehicles, and tools .. 131,330 107,653 Stocks of materials .. .. .. 282,715 193,241 Sundry debtors .. .. .. 199,730 1 75,913 10,032,388 9,260,844 10,032,388 9,260,844 Contingent Liability £ £ Arrears of appropriation to Loan 175,125 52,907 Redemption Fund

B—l [Ft. IV]

Receipts \ Payments Ordinary Revenue Account— £ | Ordinary Revenue Account— £ Territorial revenue : Rents, &c. .. .. .. .. 5,522 I Vote " Lands and Survey " : Drainage works— Other receipts : Miscellaneous— Stop-banks, clearing channels, and other expenditure inciRates .. .. .. .. .. .. 3,672 dental to conducting drainage operations (including formaMiscellaneous .. .. .. .. .. 1,406 tion and metalling of roads), materials supplied, &c. .. 6,612 Credits-in-aid : Vote " Lands and Survey " .. .. 2,683 Maintenence of completed works .. .. .. 2,932 Public Works Account— Kaihere Ferry expenses .. .. .. .. 508 Finance Act, 1932, section 7 (4) .. .. .. .. 4,030 Transfer to— Treasury Adjustment Account .. .. .. .. 3,231 Public Works Account .. .. .. .. .. 4,030 , £17,313 j £17,313 Revenue Account for the Year ended 31st March, 1945 Dr. ' £ | Or. £ Interest on capital .. .. .. .. .. 6,123 ; Accrued rents .. .. .. .. .. .. 4,084 Administration expenses, rebates, and remissions .. .. 819 ! Accrued interest on sales of land, &c. .. .. .. 2,486 Kaihere Ferry (net cost of operating) .. .. .. 285 j Loss for year carried down .. .. ... .. .. 660 Writings-off .. .. .. .. .. .. 3 £7,230 £7,230 £ ! £ Net loss brought down .. .. .. .. .. 660 j Balance carried forward : Loss to 31st March, 1945 .. .. 380,820 Balance from previous year .. .. .. .. 380,160 £380,820 £380,820

HAURAKI PLAINS SETTLEMENT ACCOUNT Receipts and Payments Account for the Year ended 31st March, 1945

19

B—l [Pt. IV]

Dr. £ Or. £ £ Balance at Ist April, 1944.. .. .. .. .. 614 Rates levied for 1944-45 .. .. .. .. 3,367 Maintenance of completed works .. .. .. .. 3,335 Penalty on 1944-45 rates .. .. .. .. 27 Remissions .. .. .. .. .. .. 22 —— 3,394 Balance at 31st March, 1945 .. .. .. .. 577 - £3,971 £3,971 Treasury Adjustment Account for the Year ended 31st March, 1945 Dr. £ s. d. Or. £ s. d. Capital Account .. .. .. .. .. 3,617 13 7 Balance at Ist April, 1944 .. .. .. .. 382,241 6 5 Receipts and Payments Account .. .. .. 3,231 2 6 Rangitaiki Land Drainage Account: Transfer of net Balance, 31st March, 1945 .. .. .. .. 382,138 10 10 expenditure .. .. .. .. .. 347 1 .6 Interest on loan capital .. .. .. .. 6,123 0 0 Lands and Survey Department Account: Administration expenses .. .. .. .. .. 275 19 0 £388,987 6 11 £388,987 6 11

HAURAKI PLAINS SETTLEMENT ACCOUNT— continued Rate Account for the Year ended 31st March, 1945

20

B—l [Pt. IVi]

TlHiO <M t-Tfl »0 t-C5 t-Nrtf-OJOO to - - rr! <D • ia to <m xhhh tuco . -co oo t"Hb« co nn t <Ni> CO OH« 00 00 00 .t- .. »®. 10 00 H •Or* © ©CO IO>Q CO . O 00. . '5? 0 I—l , ,-H 00 <5 02* °4i - 1 m s a £ . tH rt< © CO • <M t~. uo iO d Ot? LHj lOtHO «5 • INS ©l> 00 c 3 OK , TP cog l£J rH J _, .£,v ~ O ! *—;< oq m r-< '■H m ,00tHOJ§ ?H £ £ HH | »§ c° 08 « d a••• ID '• i*or§ • r ® tA 2 <D £ eg * £? d i a 8 2 -S^IH'S O OtH <X> H 2 <D [v s * §« 1J as §■ : g | : ::::::: :: : :::::: c ® t2 F3 i 2 ® ts 2 15 * i o § g f* £ <E Ti © 1-rt r-d b» •2 ® § d o .5 ° . . . -• S -<1 M r=3 : : : :a 4 : ::::::: :: : :::::: §;g g -3 °| 5-J -S „P* & -g £ S"° | : :fl : g:» : : : ::: ::::•: ogJ.J| ! 11 l&fg 11 1 2 1 a I'i 1 hs g 2 ,5 f3 "S S "I PI 2 jS PH § l :: iJ ; Ii!f i!U :: } : ::: ::: ii "" Hi IJi-i Iff! till 4. .jgl ififlj ritS3ll--2* §B3! S.aJi 8 £ a-fr " I -si s^3> &-12 -al-llf . ill s J! "j f-aiill ||| A P o , . _______________________________ | ' C 0 00 10 [j d c 3 CO n r3 w OO O r-H HOS 00 rH rH S j^ t-"oo <m" 00 ©-t 00 OS <3 Id 2 rH CO O g (VL> Q) rj 2 1> CD O lO GO 00 rH S 0000 Ci CO H ow | M &X)^ cTiO>O»-iCO COrHTfIO S &§ : :■§ :::::::: 2£ § 1 IO o pi OCO JO CJ O Or—' -Tm ..§•-§<! d ® d 3, • • 8 • § „ ■% I "S l"Sl^ « 42 ® I .. ill ! 3 111: | " lis 1 I «J3i " rt'd 5 ,-P sh -2 •• . ■sir? (3 :: It? 11s :::: 1 jSr 3 °II * si 1 |l j|l§ fdrQ^O • Qh3 .2 •pH O •• I-> rf) fx* I't 111 "Sgfi g g 1-al Igl | ||l !l3 5 l s sS o M PHC«-| b§9rs Oce l±oQ>> 22 H 113 ii! 1 ilt||i! !>! J IllpSfSll Ig7

js OS rH nf o Pi <1 s r-H CO H t» 1! Eh H H K CQ o !2i <1 1-5 < PQ

21

B—l [Pt. IV]

Dr. Or. Expenses of a general nature— £ Revenue of a general nature— £ Interest on capital— Interest on investments in Public Account .. .. 13,714 Loans .. .. .. .. .. .. 306,011 Interest on funds in Small Farms Account .. .. 20,474 Value of Crown land in estates.. .. .. .. 8,478 Revenue derived from estates— Accumulated funds of Cheviot Estate .. .. .. 12,804 Rents .. .. .. .. .. .. 364,945 Other Departments and funds . . . . .. 3,974 Interest on sales— Interest payable under section 208, Land Act, 1924 .. 574 Land .. .. .. .. .. .. 19,556 Audit fees .. .. .. .. .. .. 250 Buildings .. .. .. .. .. .. 7,839 Expenses referring to estates— Miscellaneous interest, &c. .. .. .. .. 79 Capital losses on revaluation, reallotment, &c. .. .. 3,304- Royalties .. .. .. .. .. .. 1,719 Administration charges: Salaries, &c. .. .. .. 1,019 Land-development revenue— Administration expenses .. .. .. .. 8,880 Rents .. .. .. .. .. .. 4,436 Rebates .. .. .. .. .. 33,367 Interest on sales, &c. .. .. .. .. .. 1,271 Remissions of rent, &c. .. .. .. .. .. 7,661 Interest on advances .. .. .. .. 9,197 Rents, &c., written off .. .. .. .. .. 185 Interest earned on sundry blocks farmed by the Department 5,249 Protection of securities : Repairs, &c. . . .. .. 245 Profit on disposal of developed blocks .. .. .. 45 Expenses chargeable to land-development revenue— Miscellaneous .. .. .. .. .. .. 6 Administration expenses .. .. .. .. 682 Revenue derived under the Deteriorated Land Act, 1925 : Interest Rebates .. .. .. .. .. .. 917 on advances .. .. .. .. .. .. 185 Remissions of rent, &c. .. .. .. .. .. 121 Rents, &c., written off .. .. .. .. .. 2,134 Compensation for injuries to workmen .. .. .. 177 Miscellaneous .. .. .. .. .. .. 75 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925 Administration expenses .. .. .. .. 6 Rebates .. !. .. .. .. .. 14 Balance : Surplus for year carried down .. .. .. 57,837 £448,715 £448,715 £ £ Balance brought forward . . .. .. .. .. 199,802 Surplus for year ended 31st March, 1945, brought down .. 57,837 Interest on capital moneys received from sale of Crown lands Balance carried forward : Deficiency to 31st March, 1945 .. 199,802 (section 13, Land Laws Amendment Act, 1926) payable to extent of surplus available .. .. .. 57,837 i £257,639 £257,639 1 —.

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year ended 31st March, 1945

22

B—l [Pt. IV] I

Receipts l Payments Balances at beginning of year— £ £ Vote" Land for Settlements Expenditure"— £ £ Cash .. .. .. .. .. 326,110 Salaries .. .. .. .. 954 Imprests outstanding .. .. .. 5,185 Accident compensation .. .. .. 159 Investment securities .. .. • 1,000, 000 Acquisition of land and interest therein .. 2,260 1,331,295 Administration expenses— £ Sales and capital receipts— I Development expenditure .. .. 3,226 Estates and developed areas— £ j Hutt Valley settlement .. .. 352 Estates.. .. .. .. 114,027 Settlements .. .. .. 9,600 Buildings on estates .. .. 7,216 13,178 Land developed under Land Laws ! Advances for development of occupied land .. 8,231 Amendment Act, 1929 .. .. 11,629 Audit fees .. .. .. .. 250 Buildings on land developed under Development operations on unoccupied Land Laws Amendment Act, 1929 371 j land— 133,243 Development operations— Crown lands: Section 20, Land Act, 1924 .. 94,535 Chattels .. .. .. 5,712 Land Act, 1924, section 238: Capital Development wages .. .. 2,198 value of land .. .. .. .. 2,328 Materials and services .. .. 14,276 Repayment of advances— 22,186 Land Laws Amendment Act, 1929— | Farming operations— Current Account advances .. 12,678 i Seasonal expenditure and live-stock 71,871 Instalment mortgage advances ..12,573 j Seasonal wages .. .. 26,160 Realization Account .. .. 583 | 98,031 — 25,834 I Grants to County Councils for maintenance of Deteriorated Land Act, 1925— j roads serving lands farmed by Department .. 1,089 Current Account advances .. 35 j Improvements to and ■ protection of settlement Instalment mortgage advance .. 301 I lands .. .. ' .. .. .. 751 =— 336 Lodgments on account of capital values of leases— Miscellaneous advances ...... 6 £ 256,282 Interest on .. .. .. 574 Rents and interest from estates, &c.— Refunds of .. .. .. 120 Rents— 694 Derived from estates .. .. 343,441 Payments for improvements to outgoing lessees 1,441 Land developed under Land Laws - Preliminary expenses, inspections, &c. .. 38 Amendment Act, 1929 .. .. 3,809 Travelling allowances and expenses .. .. 45 Hutt Valley land.. .. .. 4,187 Telephone services .. .. .. .. 20 351,437 Contingencies .. .. .. .. 5 Transfer from Hutt Valley settlement receipts (Finance Act, 1932, section 11) .. .. 34,000 183,332 Carried forward .. ~ ~ 1,587,577 Carried forward ~ .. .. .. 183,332

Receipts and Payments Account for the Year ended 31st March, 1945

23

B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued Receipts and Payments Account eor the Year ended 31st March, 1945— continued

Receipts— continued £ £ Payments— continued £ Brought forward .. .. .. .. 1,587,577 Brought forward .. .. .. .. 183,332 Interest— £ Interest on capital liability .. .. .. .. 327,058 Derived from estates .. .. 18,826 Expenditure charged on proceeds of sales of land— £ Buildings on estates .. .. 3,451 Crown lands .. .. .. .. 2,974 Land developed under Land Laws Finance Act, 1932 (No. 2), section 6 .. .. 1,302 Amendment Act, 1929 .. .. 1,114 4,276 Buildings on land developed under Expenditure referring to other Departments and Land Laws Amendment Act, 1929 41 funds— 23,432 Vote" Small Farms Development" .. .. 1,389,820 Royalties .. .. .. .. .. 1,769 Vote" Native Land Settlement" .. .. 839,546 376,638 2,229,366 Interest on advances— Unauthorized expenditure (wages increase)— Land Laws Amendment Act, 1929— Land for settlements .. .. .. 190 Current Account advances .. 4,396 Small farms development .. .. .. 2,761 Instalment mortgage advances .. 5,084 2,951 9,480 Balances at 31st March, 1945— Deteriorated Land Act, 1925— Cash .. .. .. .. 116,638 Current Account advances .. 74 Imprests outstanding .. .. .. 27,200 Instalment mortgage advances .. 165 Investment securities held .. .. .. 600,000 239 743,838 9,719 Sales of produce, live-stock, and miscellaneous receipts— * Seasonal and live-stock .. .. .. 128, 130 Chattels .. .. .. .. .. 483 Land and improvements .. .. .. 5,816 Wages subsidy .. .. .. .. 1,196 Railway maintenance .. .. .. 951 Apanui drainage maintenance .. .. 30 Insurance .. .. .. .. .. 16 136,622 Interest on investments .. .. . . .. 14,404 Receipts referring to other Departments and funds— Hauraki Plains .. .. .. .. 96 Crown Lands Account .. .. .. 279 Small Farms Account— £ Capital receipts .. .. .. 144,743 Credits-in-aid .. .. .. 351,189 495,932 I

24

B—l [Pt. IV ; ]

i-i oo t- eo ot i—i <N co -oo co co coco <n. co o i>. <N © ®>oo 10 i> t» 00 GO CO r-H <M C*-00 <N I-H CO i—l CO H C«I3 «n «v «\ «\ c-, c\ #\ «v o CO i-H r—l r-H CO CO CO <Ml> OS CO (M H Q O <—l CO . 1> OS r-H 00 iO <M CO GO rH CH •—* IO rH I> OS H lO GO 00 ••.§•••• lO l> • • CO Tt< * 3 * ' 00 t> (MO 3 CO CO I> ft «> EJ 00 .. - a .PI . . . . .. « . ..K.g.. .. ■ • O • a 8 < * I !S 1 3 |"g S•a -2 » • : •• $ ■ ; : • =oS2o -dco H "3 d .. • ® 9 • •• 3 g g •GO • ® •• • 5.2 • S|l 1 ? ut - jid ?_i -+o » ► n a> TJ jo ■ -~|£ :« : S : : 11 g : : : ; g S • £|s 'I w" '! iJj .Jj !<§ .. 1 o ® rt" : w j? o -e . A . a « ®S S g . g a iil!«1 ,-sl lilli 6 | ijliiji iljlili ■ Oi-lfi (-5 P-i PQ m E-4 <l co oo >-i r „ SIS cs co <n ®J Sg 5S io <N oo <! co co »o o E-f c+i © © s3I § 3 a g - ' 3 CO OQ r-H OCO GO I I i-H lO <N OS CO EJ OO O CO TJH OS CO I IO© S 3 . : I—l H H « IS TjT p2 co CO co coh ..... . .00 . . oo .-75 COOOIOHOWH Nrf ..... . . -fi ."g •pj C2 CO CO >0 CO »C CO « •> K J -S g« NIOOOII3NOO "I j !! 1 . --• ss _ yjk OS CO rj • • • -P • f-i • • 2^**>N ,^*'Tj, 2 "8 * ' " '11" i3"|-*Ti ""ii I ! i| 1§! I I ■§s! :l§ :| :& : fi t: : : : 1 » I II Sal in 111 .it. § i.is. .si.i.v i *p H g - -+= l ~'" pH^- ' r £B' r d , '-jjgo •ii 5 . 11 l! | Si" |t3-3is|a> |si » | :i, = i<jg> fiifla'sSl S a||.i I : ||J I alii & -pi-ii i®is :isiiiirr" 3 rill I is 111 4 s gf!g!Jf,JjJ Is in li se i umi |i<si a 3"n a a

25

B—l [Pt. IV]

Liabilities—continued £ £ Assets— continued £ £ Brought forward .. .. .. .. 11,490,380 Brought forward .. .. .. .. 11,267,176 Deposits by lessees: Section 208, Land Act, Plant and machinery . . .. .. 3,835 1924 .. .. .. .. .. .. 35,228 Less depreciation .. .. .. .. 3,451 Consolidated Fund: For interest due— 384 On loan capital .. .. .. .. 424,369 Loading on Otago University endowment leases: On funds of other Departments and Capital .. .. .. .. .. .. 1,182 accounts— £ Debtors for— On Crown Lands Account .. 26 Royalties, rents, instalments, &c. .. .. 57,834 On Hauraki Plains Account .. 309 Postponed charges .. .. .. .. 7,581 On Native Housing Account .. 2,190 Departmental and miscellaneous .. .. 1,044 On Native Land Development Account 4,912 — —— 66,459 On Rangitaiki Drainage Account .. 2 Realization Account .. .. .. .. .. 380 On Survey Liens Account .. .. 301 Interest accrued but not due .. .. .. .. 5,585 On Swamp Land Drainage Account.. 50 7,790 Land-development On capital moneys received from sale of Crown Land— lands (section 13, Land Laws Amendment Leased .. .. .. .. .. 92,161 Act, 1926) .. .. .. .. 69,770 Unleased .. .. .. .. .. 12,134 501,929 104,295 Reserve for losses on assets transferred from Sales debtors— Discharged Soldiers Settlement Account .. .. 8,191 Buildings, &c. .. .. .. .. 4,021 Writings-off in Suspense .. .. .. .. 11,721 Land .. .. .. .. .. 14,809 Hutt Valley Land Settlement Account (see 18,830 subsidiary accounts attached) .. .. .. 760 Water-supply: Headworks .. .. .. .. 2,557 Disposal of blocks not finalized .. .. .. 4,750 Mortgage outstandings (not yet payable)— Current Account .. .. .. .. 66,177 Estates Instalment mortgage .. .. .. 106,861 Rents and interest charged in advance .. .. .. 92,232 173,038 Payments in advance : Rents and instalments .. .. 6,025 Crown and settlement lands under development .. 284,008 Sundry suspense accounts . . . . .. .. 558 Expenditure on development of Crown and SettleSundry creditors: Departmental and miscellaneous .. 1,712 ment lands— Improvements . . .. .. .. 313,989 Chattels .. .. .. .. .. 18,812 Seasonal and live-stock .. .. .. 6,829 339,630

LAND FOR SETTLEMENTS ACCOUNT— continued Balance-sheet as at 31st March, 1945— continued

26

B—l [Pt. IV]

Land-development Sundry debtors for— Land set aside: Section 8, Land Laws Amendment Rents, instalments, water levies, &c. .. .. 6,777 Act, 1929— Postponed charges . . .. .. .. 15 Areas under development— Departmental and miscellaneous .. .. 1,426 Crown lands .. .. .. .. 40,433 8,218 Settled areas— Realization Account .. .. .. .. .. 4,705 Crown lands .. .. .. .. 34,115 Deposits held by dairy companies .. .. 1,147 Primary education endowment lands .. 178 Less reserve . . .. .. .. 230 74,726 917 Rents and interest charged in advance .. .. .. 1,049 Subsidies in respect of blocks disposed of .. .. 386 Payments in advance : Rents and instalments .. .. 1,738 Unrecouped interest on development expenditure .. 137,503 Free capital from— Interest accrued but not due .. .. .. .. 1,871 Employment Promotion Fund .. .. 21,346 Improvements unsold account blocks .. .. .. 2,888 Consolidated Fund .. .. .. .. 30,975 52,321 Deteriorated Land Act, 1925 Accrued interest on capital expenditure .. .. 137,503 Mortgage outstandings— Suspense Account .. .. .. .. .. 58 Current Account .. .. . . . . 513 Sundry creditors: Departmental and miscellaneous .. 2,511 Instalment mortgage .. .. .. 3,176 Free capital on blocks realized .. .. .. 386 3,689 Sundry debtors for interest and principal instalments .. 102 Deteriorated Land Act, 1925 Interest accrued but not due .. .. .. .. 22 Suspense Account .. .. .. .. .. 47 £12,423,825 £12,423,825 R. G. Macmorran, Under-Secretary for Lands. G. 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IY] 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 Otago Land District is not yet completed— J. P. Rutherford, Controller and Auditor- General.

27

LAND FOR SETTLEMENTS ACCOUNT— continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land for Settlements Account) Kevenue Account for the Year ended 31st March, 1945

Dr. £ Gr. ■ £ Interest on accumulated funds (£464,497) .. .. .. 18,580 Interest on funds (£159,193) in Land for Settlements Account .. 6,368 Administration expenses .. .. .. .. .. 733 Rents, &c. .. .. .. .. .. ... 14,840 Rebates.. .. .. .. .. .. .. 1,472 Interest on sales of land and buildings .. .. - .. 1,430 Remissions of rent and interest .. .. .. .. 26 Balance : Profit for year carried down .. .. .. 1,827 £22,638 £22,638 £ £ Transfer to Reserve Account .. .. .. TT" 1,827 Balance, brought down .. .. .. .. ..1,827 Balance-sheet as at 31st March, 1945 Liabilities £ . Assets ' - £ ... Capital: Accumulated Fund ... .. 464,832 Cash paid to Land for Settlements Account .. .. .. 162,093 Reserve Account .. .. .. .. .. 24,137 Land— £ Rents, &c., accrued but not due .. .. .. .. 3,558 Leased .. .. .. .. .. 302,107 Rents paid in advance .. .. .. .. .. 17 Unleased .. .. .. ~ .. 325 302,432 Sales debtors (not yet payable)— Land .. .. .. .. .. 27,080 Buildings .. .. .. .. .. 138 27,218 Sundry debtors : Rents .. .. .. . . .. 398 Postponed rent .. .. .. .. . . .. 30 Interest accrued but not due .. .. .. .. 373 £492,544 £492,544 ' K,. Gr. Macmorran, Under-Secretary for Lands. - G. I. Beeson, Chief Accountant.

28

B—l [Pt. IV]

B—l [Pt. IV]

Dr. £ Or. £ Administration expenses .. .. .. .. .. 352 Gross profit on sales of land .. .. .. ■ • ~1y660 Interest, &c., written off .. .. .. .. .. 51 Interest on sales .. .. .. .. •• •• 3,887 Rebates .. .. .. .. .. .. .. 23 Rent .. .. .. .. • • • • • • Remissions .. .. .. .. .. .. 3 Balance (profit for year), transferred to Profit and Loss Appropriation Account .. .. .. .. .. .. 5,158 £57587 £5,587 Profit and Loss Appropriation Account for the Year ended 31st March, 1945 Dr. £ Cr. £ Balance carried forward : Profit earned to 31st March, 1945 .. 224,568 Balance, brought forward . . .. .. .. .. 219,410 Profit for the year transferred .. .. .. •. 5,158 £224,568 £224,568 Balance-sheet as at 31st March, 1945 Liabilities £ £ Assets £ Moneys provided by Land for Settlements Account for— Land on hand .. .. .. .. .. .. 1,780 Purchase of land .. .. .. .. 164,982 Sales debtors (not yet payable) .. .. .. .. 74,146 Street formation .. .. .. .. 206, 888 Sundry debtors— Incidental expenses .. .. .. .. 21,855 . Instalment— £ Principal .. .. .. .. .. 3,220 393,725 Interest .. .. .. .. .. 1,894 Interest on capital provided .. .. .. 81,666 Rents , .. .. .. .. .. 72 5,186 475,391 Interest accrued but not due .. .. .. .. 370 Less'deductions under section 11 (2) (a) of the Hutt Profits transferred to Railways Department— Valley Land Settlement Act and section 11 (2) of Profits realized in cash and paid to Railways DepartFinance Act, 1932 .. .. .. .. 475,391 ment .. .. .. .. .. 115,969 Balance due .. .. .. .. .. Nil ' ! Balance unpaid on area taken for workshops .. 26,389 Instalments paid in advance .. .. .. .. 31 142,358 Rent accrued but not due ' .. .. .. .. 1 Losses in Suspense .. .. .... .. 51 Writings-off in Suspense .. .. .. .. .. '5l Land for Settlements Account: Funds in hand available for Profit and Loss Appropriation Account .. .. .. 224,568 disposal under section 11 of Finance Act, 1932 .. .. 760 £224,651 £224,651 E. 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, 1945

29

B—l [Pt. IV]

Receipts £ Payments £ Balance, Ist April, 1944: Native Trust Office .. 45,709 Administration expenses .. .. .. .. 263 Interest: Native Trust Office, 3 per cent. .. ... 1,365 Grants— " £' Grant from Consolidated Fund .. .. . . .. 375 Educational scholarship and assistance .. .. 750 Requisition on Maori Land Boards for specific purposes . . 969 Publishing : Polynesian Society, Inc. .. . . 300 Sale of Board's publications .. .. . . .. 145 Meeting-houses .. .. . . ~ 425 Sale of office equipment .. .. .. .. .. 8 Miscellaneous .. .. . . .. 124 1,599 Purchase of office equipment . . .. .. .. 4 Balance, 31st March, 1945 : Native Trust Office .. .. 46,705 £48,571 Income and Expenditure Account for the Year ended 31st March, 1945 Expenditure £ | Income £ Administration expenses .. .. .. .. .. 256 J Interest: Native Trust Office .. .. .. ..1,365 Grants— i Grant from Consolidated Fund .. .. .. '375 Educational £ ; Requisitions on Maori Land Boards for specific purposes . . 419 Government free-place scholarship .. .. 500 : Sale of publications (net) .. .. . . .. ~ 37 Special assistance .. .. .. .. 250 Publishing: Polynesian Society, Inc. .. . . 300 Meeting-houses.. .. .. .. .. 425 Miscellaneous .. . . .. .. .. 124 1,599 Balance: Excess of income over expenditure, transferred to Accumulated Fund .. .. .. .. .. 341 £2,196 £2 ,196

MAORI PURPOSES FUND BOARD Receipts and Payments Account for the Year ended 31st March, 1945

30

B—l [Pt. IV]

Liabilities £ £ Assets £ Special funds— Cash with Native Trust Office .. .. .. 46,705 Carnegie Corporation grant for Maori arts and crafts.. 342 Sundry debtors .. .. .. .. • • • • 106 Ngati Kahungunu ........ 10 £ Ruatoki Carved Meeting-house .. .. .. 41 Publications for sale .. .. .. .. 1,843 Unpaid grants .. .. .. .. .. 550 Pingao for sale .. .. .. .. • • 20 943 - —- 1,863 Sundry creditors . . .. .. .. .. .. 5 Library .. .. .. .. • • 321 Accumulated fund-— Furniture, fittings, &c. .. .. . • • • 62 Balance, Ist April, 1944 .. .. .. .. 47,836 383 Plus excess income over expenditure, 1944-45 .. 341 Surplus on sale of furniture .. .. .. 7 48,184 Less publications issued (£74) and decrease stocktaking (£1) .. .. .. .. 75 48,109 £49,057 £49,057 G. P. Shepherd, Deputy Chairman. (Native Trustee). M. J. Lawless, A.R.A.N.Z., Accountant. J. M. McEwen, 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.—J. P. Rutherford, Controller and Auditor-General.

Balance-sheet as at 31st March, 1945

31

B—l [Pt. IV]

Expenditure £ Income £ Expenditure on programmes, including salaries of programme staff 142,814 License fees .. .. .. .. .. .. 435,813 Maintenance of plant, including salaries of engineering and Receipts from New Zealand Listener .. .. .. 39,625 operating staffs .. .. .. .. .. 80,780 Interest .. .. .. .. .. .. 21,686 General administrative and running expenses, including salaries Rent .. .. .. .. .. .. .. 1,184 of administrative and clerical staffs .. .. .. 51,454 Commercial Division: Technical services and recoveries on Expenditure on New Zealand Listener .. .. .. 29,949 account of programme material .. .. .. .. 41,730 Subsidies to " B stations ~ ' .. .. .. 225 Payments to stations operating under contract .. .. 973 Expenditure on broadcasting units with the N.Z.E.F. overseas 2,448 Tro9p entertainment in New Zealand .. .. .. 7,622 Contribution to Public Service Superannuation Fund .. 826 Depreciation of assets .. .. .. .. .. 18,024 Balance, transferred to Accumulated Fund .. .. .. 204,923 £540,038 £540,038 Balance-sheet as at 31st March, 1945 Liabilities £ £ Assets £ Accumulated Fund— Land and buildings .. .. .. .. .. 168,351 Balance as at Ist April, 1944 .. .. .. 1,681,940 Machinery, plant, and tools .. .. .. .. 15,092 Transfer from Revenue Account .. .. 204,923 Office and studio equipment .. .. .. ....... 23,056 1,886,863 "B" Station purchases .. .. .. .. 985 License fees paid in advance .. .. .. .. 70,314 Works in progress and stocks of technical equipment and valves 45,978 Sundry creditors .. .. .. .. .. 40,963 Newsprint stock .. .. .. ' 4,078 Sundry debtors and prepayments .. .. .. 110,775 £ Investments in New Zealand Government securities 1,570,000 Accrued interest thereon .. .. .. 1,355 1,571,355 Cash at bank .. ... .. .. .. 58,470 £1,998,140 £1,998,140 James Shelley, Director of Broadcasting. E. L. Hutchens, A.R.A.N.Z., Acting-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.— J. P. Rutherford, Controller and Auditor-General.

NATIONAL BROADCASTING SERVICE Income and Expenditure Account for the Year ended 31st March, 1945

32

2—B-l [Pt. IV]

B—l [PT. IV]

Expenditure £ £ Income £ Expenditure on programmes, including payment to Sales of station time .. .. .. .. .. 274, 833 artists, hire of special recordings, relay lines, and Accreditation fees . . .. .. .. .. 20 sundry miscellaneous items .. .. .. 12,225 Service fees .. .. .. .. .. .. 2,142 Less sundry programme charges borne by advertisers 768 Interest on investments .. .. .. . . .. 3,377 1 1,457 Miscellaneous receipts .. .. .. .. .. 57 Broadcasting rights and copyright.. .. .. .. 7,397 Reduction of Bad Debts Reserve provided in previous years but General administrative and running expenses, including rents, not required .. .. .. .. .. .. 15 rates and insurance, lighting and heating, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry miscellaneous items . . 152,947 Depreciation provision and writing down of assets .. .. 4,367 Balance carried down: Net profit for year .. .. 104,276 £280,444 £280,444 £ £ Donation to National Patriotic Fund .. .. .. 1,000 Balance brought forward from previous year .. .. 54,465 Reserve for taxation .. .. .. .. .. 86,000 Balance brought down .. .. .. .. 104,276 Balance .. .. .. .. .. •• 71,741 £158,741 £158,741

COMMERCIAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1945

33

B —l [Pt. IV]

Liabilities £ Assets ■ £ Creditors .. .. .. .. .. .. 46,007 Office and studio equipment, including furniture, typewriters, Revenue received in advance .. .. .. .. 401 office mechanical appliances, and library .. .. 16,513 Deposit Account.. .. .. .. .. .. 147 Records and music .. .. .. .. .. 2,092 Reserve for taxation .. .. .. .. .. 86,000 Payments in advance .. .. .. .. .. 59 Writings off reserve .. .. .. .. .. 95 Unplayed episode features .. .. .. .. 2,625 Income and Expenditure Account .. .. .. 71,741 Stock .. .. .. .. .. .. .. 1,723 £ Debtors .. .. .. .. ..33,159 Less reserve for bad debts .. .. .. 485 32,674 Investments in New Zealand Government securities .. .. 120,000 Cash in bank .. .. .. .. .. .. 28,463 Cash on deposit .. .. .. .. .. .. 147 Writings off, Suspense .. .. .. .. .. 95 £204,391 £204,391 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.— J. P. Rutherford, Controller and Auditor-General.

NATIONAL BROADCASTING SERVICE— continued, COMMERCIAL DIVISION— continued Balance-sheet as at 31st March, 1945

34

B—l [Pt. IV]

NATIVE DEPARTMENT DISTRICT MAORI LAND BOARDS. Combined and Separate Receipts and Payments Statements for Year 3lst March, 1945

2*

35

— Totals. Tokerau. WaikatoManiapoto. "Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Receipts Cash balances at 1st April, 1944 — In hand and in bank Imprests at Post Office .. .. Total receipts Withdrawals from amounts on deposit with Native Trustee Totals Payments Total payments Deposits with Native Trustee Cash balances at 31st March, 1945 — In hand and in bank Imprests at Post Office Totals £ 14,945 6,166 £ 4,105 190 £ 3,800 496 £ 1,435 421 I £ 1,785 342 £ 2,016 687 £ 381 2,684 £ 1,423 1,346 21,111 432,115 83,104 4,295 34,184 4,296 39,154 1,856 67,800 6,000 2,127 101,555 10,000 2,703 122,673 26,604 3,065 56,920 33,000 2,769 9,829 7,500 536,330 38,479 43,450 75,656 113,682 151,980 92,985 20,098 £ 443,769 71,510 17,389 3,662 £ 32,896 2,000 1 3,418 165 £ 35,981 4,500 2,319 650 £ 60,634 13,000 1,873 149 £ 99,664 7,510 6,169 339 £ 119,613 29,500 2,280 587 £ 80,238 11,500 Cr. 165 1,412 £ 14,743 3,500 1,495 360 536,330 38,479 ■ 43,450 75,656' 113,682 151,980 92,985 20,098

B—l [Pt. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Interest Accounts for the Year ended 31st March, 1945

36

— Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Dr. Interest on amounts held under section 281, Native Land Act, 1931, and other amounts specially invested Interest on amounts on deposit with Native Trustee Interest on other investments Interest on overdrafts £ 3,419 6,251 12,988 939 £ 60 1,110 470 £ 397 1,118 1,019 3 £ 1,460 1,583 £ 4 588 4,726 £ 570 1.816 3.817 271 £ 2,385 841 371 195 £ 63 368 362 Totals 23,597 1,640 2,537 3,043 5,318 6,474 3,792 793 Cr. Interest allocated in full on amounts held under section 281, Native Land Act, 1931, and other amounts specially invested Other interest allocated to sundry blocks, &c. Balance transferred to Income and Expenditure Account £ 3,419 3,440 16,738 £ 102 1,538 £ 397 393 1,747 £ 443 2,600 £ 4 683 4,631 £ 570 1,361 4,543 £ 2,385 242 1,165 £ 63 216 514 Totals , 23,597 1,640 2,537 3,043 5,318 6,474 3,792 793

B—l [Pt. IV]

Income and Expenditure Accounts for the Year ended 31st March, 1945

37

— Totals. Tokerau. WaiarikL Tairawhiti. Aotea. | Ikaroa. South Island. Income Net interest on investments Board commission Sundry credits : Eegistration and lease fees, &c. Totals Expenditure Expenses of management — Contribution towards expenses of Native Department Audit fees Miscellaneous office and other expenses Depreciation on buildings, furniture, &c. .. Balance, being surplus for year transferred to Appropriation Account Totals £ 16,738 5,461 2,021 £ 1,538 334 125 £ 1,747 535 1,300 £ 2,600 716 165 £ 4,631 1,289 310 £ 4,543 1,282 68 £ 1,165 1,134 50 £ 514 171 3 24,220 1,997 3,582 3,481 6,230 5,893 2,349 688 £ 8,387 470 2,269 2,083 11,011 £ 500 70 227 51 1,149 £ 1,300 65 304 355 1,558 £ 1,176 66 758 455 1,026 £ 1,974 73 477 589 3,117 £ 1,856 119 437 447 3,034 £ 1,042 51 43 124 1,089 £ 539 26 23 62 38 24,220 1,997 3,582 3,481 6,230 5,893 2,349 688

B—l [PT. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Appropriation Accounts for the Year ended 31st March, 1945

38

j Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawhiti, Aotea. Ikaroa. South Island. Dr. Sundry adjustments, previous years Surplus for year ended 31st March, 1945, from Income and Expenditure Account Balance, 31st March, 1945 Totals .. .. .. Or. Balance, 1st April, 1944 Appropriation during year — Native purposes Purchase of land, buildings, furniture, &c. Sundry adjustments, previous years Balance transferred to Assurance and Reserve Account Totals £ 3,062 11,011 3,601 £ 110 1,149 3,601 £ 29 1,558 £ 59 1,026 £ 2,779 3,117 £ 1 3,034 £ 57 1,089 £ 27 38 17,674 4,860 1,587 1,085 5,896 3,035 1,146 65 £ 4,835 1,181 6,145 2,329 3,184 £ 4,835 12 13 £ 419 132 272 764 £ 258 662 129 36 £ 317 3,971 1,519 89 £ 50 518 3 2,464 £ 76 575 384 111 £ 49 287 9 Or. 280 17,674 4,860 1,587 1,085 5,896 3,035 1,146 65

B—l [Pt. IV]

Combined and Separate Balance-sheets as at 31st March, 1945 Liabilities

39

Totals. Tokerau. WaikatoManiapoto. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Liabilities to Native beneficiaries — Amounts held under section 281, Native Land Act, 1931, and other trusts — Specially invested (section 101 (2), 1931) Invested in Common Fund Other amounts held — Specially invested (section 101 (2), 1931) At call .. .. .: Sundry amounts held on deposit and in suspense — Native Trustee (including Special Housing Fund) Other Sundry creditors Liability to Treasury for advances under — Section 340, Native Land Act, 1931 Section 48, Native Land Amendment Act, 1936 Liability of special trusts under — Section 105, Native Land Act, 1931 Section 358, Native Land Act, 1931 Reserves — Special property reserves Other special reserves (including depreciation) Assurance and Reserve Account Totals £ 5,281 153,005 66,284 401,956 £ 3 j 298 44,469 £ 3,614 15,304 3,991 63,409 £ 103 i 601 £ iso 29,323 82,171 £ 57,181 27,441 67,749 £ 1,317 75,100 5,435 19,868 £ 350 1,942 94 20,689 626,526 47,767 86,318 103,601 111,674 152,371 101,720 23,075 9,000 33,390 19,908 428 73,707 136,424 2,280 6,577 256 2,349 1,756 13,987 13,751 73,707 1,499 10,536 2,469 42 ,*357 1,801 215 2,927 428 94^067 779 274 184 292 45 321 272,857 9,113 4,105 101,445 56,861 99,438 1,237 658 60,708 113,424 100 185 15,224 8,303 10,164 50,439 14,404 46,810 17,485 6,633 2,344 703 987 351 174,132 285 23,527 60,603 61,214 24,118 3,047 1,338 69,913 7,698 5,203 50,089 5,448 1,475 1,143,428 57,165 121,648 265,649 234,952 326,016 111,452 26,546

B —l [PT. IV]

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 as to the adequacy of certain securities in the absence of information as to the value of the lands secured. Exception : In the opinion of the Audit Office the following payments are without authority of law : donation, Rangitukia marae, £lO ; donation, calf club, £2 2s. ; contribution, restoring creek at Waipiro Bay, £5; wreaths, £5 Bs. Tokerau.—Comment: The advances on overdraft are shown at their book value. If called up it is unlikely that they would produce a sum even approximating the figure shown.— J. P. Rutherford, Controller and Auditor-General. \ Gr. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant.

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1945— continued Assets

40

—- Totals. | Tokerau. | jjaniapoto 1 Waiariki - | Tairawhiti. Aotea. Ikaroa. Tguffi Cash balances — In hand and in bank Imprests at Post Office Investments — Common Fund — Mortgages and charges Farm properties On deposit with Native Trustee .. .. Advances on overdraft to blocks, A r c. Government securities Particular estates — Mortgages Government and other securities Sundry debtors Interest and instalments (due and accrued) Land and buildings Office equipment, &c. Assets of special trusts under — Section 105, Native Land Act, 1931 Section 358, Native Land Act, 1931 Appropriation Account .. .. Totals £ 17,389 3,662 £ 3,418 165 £ 2,319 650 £ 1,873 149 £ 6,169 339 | £ 2,280 587 £ Cr. 165 1,412 .£ 1,495 360 21,051 3,583 2,969 2,022 6,508 2,867 1,247 1,855 206,442 70,348 242,237 28,109 214,511 15,047 56,518 9,459 13,282 23,865 13,958 11,571 41,464 | 5,725 21,350 7,605 30,098 47,117 50,808 678 40,065 55,060 6,760 21,716 1,436 57,387 29 i323 69,310 4,900 61,892 2,633 45,009 2,275 25,166 23,316 54 i344 4,151 18,785 5,167 1,585 5,241 9 j 764 204 8,050 ' 444 833,212 48,855 101,673 168,766 171,682 211,185 107,348 23,703 6,390 8,218 853 173 1,732 50 3,001 7,873 412 391 122 1 14,608 1,026 1,782 10,874 412 513 1 42,183 18,642 ' 100 11,083 4,141 5,640 4,640 10,919 3,486 14,146 3,339 395 1,949 ' '987 60,825 100 15,224 10,280 14,405 17,485 2,344 987 73,707 136,424 73,707 42 j357 94 j067 210,131 73,707 42,357 94,067 3,601 3,601 1,143,428 57,165 121,648 265,649 234,952 326,016 111,452 26,546

B—l [Pt. IV]

NATIVE LAND DEVELOPMENT AND SETTLEMENT Interest Account for the Year ended 31st March, 1945

Dr. £ Cr. £ Interest on loan capital .. .. .. .. .. 84,405 Interest on advances under Part I, Native Land AmendInterest on advances from Consolidated Fund under section 8, ment Act, 1936— Finance Act, 1929 . . .. .. .. .. 72 Land under development .. .. .. 39,670 Amount transferred to Revenue Account .. .. .. '4,754 Settlers .. .. .. .. .. 49,232 88,902 Interest on advances under— Section 340, Native Land Act, 1931 (Maori Land Boards) .. .. .. .. .. 19 Section 48, Native Land Amendment Act, 1936 (Native settlers) .. .. .. .. 306 Oturei mortgage .. .. .... 3 Rehabilitation : Business and furniture loans .. 1 329 £89,231 £89,231 Revenue Account for the Year ended 31st March, 1945 Dr. £ Cr. £ Amount transferred to Net Revenue Account .. .. 44,934 Amount transferred from Interest Account .. .. .. 4,754 Store oncost, profit and insurance rebates .. .. .. 5,339 Departmental charge on amounts— £ Expended on land under development .. .. 14,888 Advanced to settlers .. .. .. .. 19,953 34,841 £44,934 " £44,934 Net Revenue Account for the Year ended 31st March, 1945 Dr. £ £ Or. £ Amounts written off— Balance, Ist April, 1944 .. .. .. .. .. 219,741 Expenditure on land under development .. .. 485 Amount transferred from Revenue Account .. .. .. 44,934 Advances to settlers .. .. .. .. 50 Previous year's profits : Recoveries, sale surplus equipment .. 3 535 Balance, 31st March, 1945... .. .. .. .. 264,143 £264,678 £264,678

41

B—l [Pt. IV]

Liabilities Assets Loan capital— £ £ Development and settlement— £ £ Public Works Fund .. .. .. 2,212,543 Development schemes— Land for Settlements Account Dr. 129,015 Expenditure .. .. 1,013,706 2,083,528 Crown lands not paid for .. .. .. 9,445 Liability to Consolidated Fund— Advances under section 8, Finance Act, 1929: 1,023,151 Principal .. .. .. .. 1,800 Unrecouped and accrued interest .. .. 154,350 Interest on loan capital .. .. .. 67,142 Unrecouped and accrued departmental charges 23,863 68,942 Sundry creditors— 1,201, 364 Employment promotion grant unexpired .. 20,502 Advances to settlers .. .. .. 1,237,688 Lands and Survey Department .. .. 9,445 Advances under section 48, Native Land Sundry .. .. .. .. 447 Amendment Act, 1936, including accrued 30,394 interest .. .. .. 5,981 Writings-off in Suspense .. .. .. .. 13,404 2,445,033 Net Revenue Account— Advances (including accrued interest)— Balance, Ist April, 1944 .. .. .. 219,741 Maori Land Boards, under section 340, Native Add net increase for 1944-45, including adjust- Land Act, 1931 .. .. .. .. 465 ments for previous years .. .. 44,402 For businesses, furniture, &c. (rehabilitation) 162 264,143 627 Losses in Suspense .. .. .. .. .. 13,404 Sundry debtors .. .. .. .. .. 1,347 £2,460,411 £2,460,411 Notes.—(1) Expenditure from employment promotion grants on development schemes since inception, amounting to £1,948,742, 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 which the salaries and expenses of the Field Supervisors were paid from vote " Native Land Settlement " and were debited in those years to Revenue Account. Q p ShepkebD; 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 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 Balancesheet should be reflected in the accounts of the Native land development schemes,— J. N P. Rutherford, Controller and AuditorGeneral.

NATIVE DEPARTMENT— continued NATIVE LAND DEVELOPMENT AND SETTLEMENT— continued Balance-sheet as at 31st March, 1945

42

B—l [Pt. IV]

r> • ± £ Payments J - Balance Ist April 1944 .. * .. .. 105,927 Payments: Loans for erection of houses, &c. .. •• 14,363 Receipts : Interest repayments of principal, &c. .. • • 20,247 Balance, 31st March, 1945.. Grant from Consolidated Fund equivalent one-third Native Trust profits, 1942-43 2 > 962 £129 ' 136 Income and Expenditure Account for the Year ended 31st March, 1945 Expenditure £ Imome £ £ Interest allowed on deposits, &c. .. .. •• •• 75 foter est earned g g()0 War-damage insurance : Fund's proportion . 27 On and Maori Land Rental properties Boards .. •• 2 ' 175 . Rates.. .. •• •• •• •• if" 5,475 S l "™?® o6 :: 1 Insurance rebates .. , " sjpiauon :: :: :: :. •• m m Excess of income over expenditure, carried down .. .. 5,816 T~ £ Adjustments, previous years f - Balance brought down - 5,81b Balance, transferred to Housing Fund .. . • • • o, / /ut £MU £5 ' 816

SPECIAL NATIVE HOUSING FUND Statement of Receipts and Payments for the Year ended 31st March, 1945

43

B—l [Pt. IV]

NATIVE DEPARTMENT— continued SPECIAL NATIVE HOUSING FUND—continued Balance-sheet as at 31st March, 1945

Liabilities £ Assets £ £ Special Native Housing Fund .. .. .. .. 191,945 Land not yet built on— Deposits and credit balances held (112) against advances .. 6,730 Purchased .. .. .. .. .. 391 Sundry creditors .. .. .. .. .. .. 37 Donated .. .. .. .. .. 25 416 Rented properties— Acquisition of land and improvements .. .. 460 Erection eleven cottages .. .. .. 4,555 Erection two huts on Crown land .. .. 123 5,138 Vacant section .. .. .. .. 209 5,347 Less Depreciation Reserve .. .. .. 438 4,909 Loans to Maoris (359)— Principal outstanding .. .. .. .. 78,250 Interest .. .. .. ~ .. 216 78,466 Sundry debtors .. .. .. .. .. .. 148 Cash balances— With Native Trustee .. .. .. .. 97,141 With Maori Land Boards .. .. .. 17,632 114,773 £198,712 £198,712

44

B—l£Pt. IV]

Dr. £ • Cr. £ Balance, 31st March, 1945.. .. .. .. .. 191,945 Balance, Ist April, 1944 .. .. .. .. .. 183,213 Additional grant .. .. .. .. .. .. 2,962 Excess income over expenditure .. .. .. .. 5,770 £191,945 £191,945 Explanatory Notes.—(a) 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 under the Native Housing Act, and for the purpose of assisting the most urgent and necessitous cases, a special Native Housing Eund has been established by section 18, Native Housing Amendment Act, 1938, consisting of grants totalling £161,647, which have been paid into the Native Trustee'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 Eund and may be utilized in granting advances for housing purposes, (b) Labour subsidies are not recorded in these accounts. 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 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-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

Special Housing Fund

45

B—l [Ft. IV]

Repayments by Natives— £ £ Expenditure on dwellings- £ £ 15,197 Purchases .. .. . 10 663 Interest (contra) .. 4,000 Erection " " 26,478 ■n. . , 19,197 Repairs and additions .. .. .. 2 213 Deposits against advances 4,431 Miscellaneous.. .. ' ' 2 m Kecovery of interest overpaid: Consolidated Fund .. .. 490 " " oq «r Balance: Withdrawal from Land for Settlements Account .. 19,495 Refunds of deposits .. .. .. .. 58 Interest payment to Consolidated Fund (contra) .. .. 4,000 £43 ' 613 £43,613 Income and Expenditure Account for the Year ended 31st March, 1945 Expenditure £ Income f Interest on loan capital .. 4,343 Interest earned (net) .... 4 %ut Balance, being excess of income over expenditure .. .. 368 Insurance rebates and oncost .. .. " " 77 £4 ' 711 £4,711

NATIVE DEPARTMENT— continued NATIVE HOUSING ACT, 1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year ended 31st March, 1945

46

B—l [Ft. IV]

Liabilities Assets Loan capital— £ £ Advances to Natives— £ £ Public Works Fund .. .. .. .. 94,429 Principal .. .. .. .. .. 124,060 Land for Settlements Account .. .. .. 23,899 Interest outstanding .. .. .. .. 210 118,328 124,270 Deposits against advances.. .. .. .. .. 4,261 Store building .. .. .. .. .. .. 372 Sundry creditors .. .. .. .. .. .. 128 Sundry debtors .. .. .. .. .. .. 2 - Suspense Account .. .. .. .. .. 4 Interest on loan capital paid in advance .. .. .. 147 Accumulated Profit and Loss Account— Balance, Ist April, 1944.. .. .. .. 1,702 Add excess of income over expenditure .. .. 368 2,070 £124,791 . £124,791 Notes.—(1) Separate accounts are published for advances from the Special Native Housing Fund ;■ (2) labour subsidies are not recorded in these accounts; (3) administration expenses are paid from Consolidated Fund, vote " Native." 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 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-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

Balance-sheet as a.t 31st March, 1945

47

B—l [Pt. IV]

Dr. £ £ Or. £ Interest allocated to amounts held under— Interest on mortgage and other investments .. .. 26,536 Native Land Act, 1931— Part 111 .. .. .. .. .. 7,351 Part X .. .. .. .. .. 1,487 Miscellaneous .. .. .. .. . . 77 Native Trustee Act, 1930 .. .. . . . . 467 Native Purposes Act, 1931 .. .. . . . . 25 Maori Purposes Fund Act, 1934-35 .. .. .. 1,365 Native Housing Amendment Act, 1938 .. .. 1,820 West Coast Settlement Reserves Act, 1892 .. .. 186 Miscellaneous funds .. .. .. .. 179 12,957 Surplus, carried to Revenue Account .. .. .. 13,579 £26,536 £26,536 Revenue Account, 1944-45 Dr. £ Cr. £ Administration expenses: Contribution to Consolidated Fund .. 12,200 Balance from Interest Account .. .. .. .. 13,579 Department's portion of war-damage premiums on buildings Commission .. .. .. .. .. .. 4,668 subject to mortgages and charges .. .. .. .. 13 Fees .. .. .. .. .. .. .. 640 Net profit for year carried down .. .. •. .. 7,749 Net working profit on properties acquired under mortgage .. 1,075 £19,962 £19,962 £ £ Loss, previous year, made good to an estate .. .. .. 380 Net profit for year brought down .. .. . . .. 7,749 Net surplus, transferred to Appropriation Account .. .. 7,369 £7,749 £7,749

NATIVE TRUSTEE Interest Account, 1944-45

48

B—l [Pt. IV]

Dr. £ Or. £ Donation to National Patriotic Fund .. .. .. .. 200 Balance, Ist April, 1944 .. .. .. .. .. 18,446 Allocation of profits for 1942-43 £ Net surplus, transferred from Revenue Account .. .. 7,369 Paid to Consolidated Fund (one-third) .. .. 2,961 Transferred to Assurance and Reserve Fund (two-thirds) 5,923 8,884 Balance, 31st March, 1945 .. .. .. .. 16,731 £25,815 £25,815 Receipts and Payments, 1944-45 Receipts £ s. d. Payments £ s. d. Cash balances, Ist April, 1944' .. .. .. 20,744 10 9 Payments .. .. .. .. •• 295,734 13 6 Receipts .. .. .. .. .. 322,727 17 1 Cash balances, 31st March, 1945 .. .. .. 47,737 14 4 £343,472 7 10 £343,472 7 10

Appropriation Account, 1944-45

49

B—l [Pt. IV]

Liabilities Assets Amounts held under— £ £ Investments— £ £ Native Reserves Act, 1882 .. .. .. 66,618 Local bodies' securities .. .. .. 5,100 West Coast Settlement Reserves Act, 1892 .. 51,834 Government securities .. . . .. .. 11,830 Native Land Act, 1931— £ Short-term investments— Part X .. .. .. .. 51,857 In Treasury bills .. .. .. .. 170,000 Part III: Maori Land Boards .. 242,238 Mortgages .. .. .. .. .. 372,560 Special investment .. .. .. 350 Advances (on overdraft) to estates and accounts.. 137,107 Miscellaneous .. .. .. 7,080 Properties acquired under mortgages .. .. 16,667 301,525 713,264 Native Trustee Act, 1930 .. .. .. 35,170 Interest and rent due and accrued .. .. .. .. 17,935 Maori Purposes Fund Act, 1934-35 .. .'. 46,705 Losses in Suspense .. .. .. .. .. 150 Native Housing Amendment Act, 1938 .. .. 97,141 Cash balances— Ngatahu Claim Settlement Act, 1944 .. .. 10,000 In hand .. .. .. .. .. 34 Miscellaneous funds .. .. .. .. 13,256 At bank .. .. .. .. .. 44,036 622,249 At branches .. .. .. .. .. 3,668 Sundry creditors .. .. .. .. .. 13,855 47,738 Writings off in Suspense .. .. .. .. .. 150 Reserve against unpaid interest .. .. .. 1,218 Special reserve against claims .. .. ... 159 Assurance and Reserve Fund Account .. .. 123,692 Investment Fluctuation Account .. .. .. 1,033 Profit and Loss Appropriation Account .. .. 16,731 142,833 £779,087 £779,087 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.— J. P. Rutherford, Controller and Auditor-General.

NATIVE TRUSTEE— continued Balance-sheet as at 31st March, 1945

50

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March, 1945

B—l [Pt. IV]

Dr. £ Or. £ £ Interest credited to depositors .. .. .. .. 2,448,623 Interest received .. .. .. .. 2,995,250 Management expeijses .. .. ' .. ... 270,613 Plus interest accrued to 31st March, 1945 .. 612,182 Balance carried to Appropriation Account .. .. 279,176 3,607,432 Less interest accrued to 31st March, 1944 .. 635,895 2,971,537 Sundry receipts .. .. .. .. .. 26,875 £2,998,412 £2,998,412 I Appropriation Account for the Year ended 31st March, 1945 Dr. £ Or. £ Savings-bank profits paid to Consolidated Fund .. .. 34,386 Balance brought forward .. .. .. .. 505,311 Balance carried forward .. .. .. .. .. 750,101 Profit and Loss Account .. .. .. .. 279,176 £784,487 £784,487 Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1945 Liabilities £ Assets £ Balance at credit of depositors' accounts .. .. 113,606,828 Cash on hand and at bank .. .. .. .. 830,153 Letters of credit and other liabilities .. .. .. 75,531 Investments .. .. .. .. .. 114,362,517 Reserve Fund .. .. .. .. .. 1,378,995 Interest accrued on investments .. .. .. 612,182 Advances to Postmasters .. .. .. .. , 35 Sundry debtors .. .. .. .. .. 6,638 Profit and' Loss Appropriation Account .. .. 750,101 £115,811,490 £115,811,490 J. J. Knight, A.R.A.N.Z., Director of Accounts. P. N. Cryer, 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.— J. P. Rutherford, Controller and Auditor-General.

51

B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT— continued POST OFFICE Profit and Loss Account for the Year ended 31st March, 1945

Dr. £ Or. £ £ Maintenance and working expenses .. .. .. 4,559,478 Postages .. .. .. .. .. 2,301,503 Depreciation .. .. .. .. .. .. 707,766 Less amount transferred to War Expenses AcInterest .. .. .. .. .. .. 630,883 count in terms of section 2 (4) (c) of the War Net profit .. .. .. .. .. .. 389,638 Expenses Act, 1939 .. .. .. 600,000 1,701,503 Private box and bag rents and rural delivery fees .. 64,570 Money-order and postal-note commission .. .. 55,680 Telegraph revenue .. .. .. .. .. 671,872 Toll revenue .. .. .. . . . . 1,306,043 Telephone revenue .. .. .. .. .. 1,841,515 Revenue from wireless traffic .. .. .. .. 60,497 Rent received .. .. ' .. .. .. 45,537 Miscellaneous revenue .. .. .. .. 540,548 £6,287,765 £6,287,765 Profit and Loss Appropriation Account for the Year ended 31st March, 1945 Dr. £ Or. £ Payment to Treasury , .. .. .. .. 445,723 Balance brought forward .. .. .. 1,634,516 Balance carried forward: Post and Telegraph Act, £ Net profit for year .. .. .. .. .. 389, 638 1928, section 95 (d), due to Consolidated Fund.. 1,549,160 Retained by Post Office Account .. .. 29,271 1,578,431 £2,024,154 £2,024,154

52

B—l [Pt. IV]

Balance-sheet as at 31st March, 1945 Receipts and Expenditure on Capital Accounts

53

Dr. As at 1st April, 1944. Amount debited during Year. As at 31st March, 1945. ■ Or. Capital as at 1st April, 1944. Amount received during Year. Capital as at 31st March, 1945. Expenditure — Telegraph and toll systems, including works in progress Telephone-exchange systems, including works in progress Wireless systems Buildings and sites Tools and plant Motor assets Furniture and fittings Aeradio systems — Communication equipment Buildings £ 3,061,583 10,444,231 97,092 4,805,031 162,259 307,503 226,968 122,820 52,071 £ 60,104 239,290 28,963 185,377 5,815 7,472 8,190 15,142 £ 3,121,687 10,683,521 126,055 4,990,408 168,074 314,975 235,158 137,962 52,071 ReceiptsPublic Works Account and National Development Loans Account Aeradio Adjustment Account (Consolidated Fund contribution to aeradio assets) £ 17,475,506 174,891 £ 314,856 15,142 £ 17,790,362 190,033 Balance carried to General Balance-sheet 17,650,397 329,998 17,980,395 1,849,516 19,279,558 550,353 19,829,911 19,829,911

B—l [Pt. IV]

Liabilities £ £ Assets £ Sundry creditors— Capital Account balance .. .. .. .. 1,849,516 Money-order payees for unpaid money-orders 114,760 Stock at stores, &c., and in transit at stock-list prices, less Other Administrations, on money-order, oncost .. .. .. .. .. .. 3,107,391 postal, and cable accounts .. .. 22,379 Investment in Government Stocks on account Postal-note payees for unpaid postal notes .. 104,264 of— £ National Savings coupons sold and unredeemed 14,082 Post Office Investment Certificates .. 167, 650 Liability for material purchased by Treasury 1,450,509 National Savings deposits and bonds .. 28,355,0Q0 Other Government Departments .. .. 4,726,226 Post Office investments under section 100 of Sundry other creditors .. .. .. 2,295,685 Post and Telegraph Act, 1928 .. 8,584,700 8,727,905 37,107,350 War Loan Certificates Account .. .. .. 3,432 Sundry debtors— Post Office Investment Certificate Account .. .. 159,978 Other Administrations on money- order National Savings Fund Account .. .. .. 17,891,297 account .. .. .. .. 25,847 National Savings Bond Fund Account .. .. .. 10,977,195 Sundry other debtors .. .. .. 1,126,520 Reserve for depreciation and obsolescence .. .. 7,139,084 1,152,367 Fire Insurance Reserve .. .. .. .. 275, 000 Postmasters' balances and cash in bank .. 9,993, 649 War Damage Insurance Reserve .. .. .. 420,908 Less Savings-bank funds held in balance .. 830,153 Reserve for accumulated leave of servicemen .. .. 173,637 9,163,496 Reserve to meet estimated liability to holders of holiday- Interest accrued on investments .. .. .. 210,272 pay cards .. .. .. .. .. .. 49,897 Bulk stock of stamps and other documents of value held in Foreign Mail Settlement Reserve .. .. .. 99,882 Head Office .. .. .. .. .. 52,896,441 Reserve for monetary liquidation of deferred leave of officers Assets written off Suspense Account .. .. 7,022 other than servicemen .. .. .. .. 15,000 Earthquake Damage Reserve .. .. .. .. 253, 032 Assets written off Reserve .. .. .. ... 7,022 Postmasters: For advances to Postmasters of stamps, postal notes, British postal orders, and other documents of value .. .. .. .. .. .. 4,682,402 Stamps and other documents of value held in Head Office and in transit .. .. .. .. .. 53,039,753 Profit and Loss Appropriation Account .. .. ..1,578,431 £105,493,855 £105,493,855 J. J. Knight, A.R.A.N.Z., Director of Accounts. P. N. Cryer, 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.— J. P. Rutherford, Controller and Auditor-General.

POST AND TELEGRAPH DEPARTMENT— continued General Balance-sheet

54

B—l [Pt. IV]

Receipts £ Payments £ Sundry debtors .. .. .. .. .. .. 382,639 Salaries .. .. .. .. .. .. 96,879 Publications .. .. .. .. .. .. 1,719 Wages .. .. .. .. .. .. .. 50,796 Sundry cash sales—■ £ Allowances to officers performing higher duties .. .. 482 Stationery .. .. .. .. .. 8 Overtime .. .. .. .. .. .. 21,024 Second-hand typewriters .. .. .. 7 Purchases— Machinery .. .. .. .. .. 70 Paper, stationery, &c. .. .. .. .. .. 194,403 Waste products .. .. .. .. 6 Stores, &c. .. .. .. .. .. .. 18,007 9l Freight, cartage, insurance, &c. .. .. .. .. 19,386 Refunds— Machinery (new, and repairs to) .. .. .. .. 5,614 Salaries and wages .. .. .. 1,521 Type metal .. .. .. .. .. .. 728 Exchange .. .. .. .. .. 1 Type and printing material .. .. .. .. 13 Freight .. .. .. .. .. 1 Fuel, gas, power, light, and water .. .. .. .. 2,052 Postages .. .. .. .. .. 28 Medical services .. .. .. .. .. .. 13 Stationery .. .. .. .. .. 14 Office equipment .. .. .. .. .. 96 Stores .. .. . . .. .. 1 Postages and telegrams .. .. .. .. .. 1,318 1,566 Telephone services .. .. .. .. .. 151 Balance, to Treasury Adjustment Account .. .. .. 38,564 Window-cleaning, rubbish-removal, &c. .. .. .. 98 Proportion of rent, &c., High Commissioner's Office .. .. 425 Wages : Cleaners, watchmen, &c. .. .. .. .. 2,586 Proportion of cost of messengers' uniforms .. .. .. 35 Audit fee .. .. .. .. .. .. 100 Repairs to premises .. .. .. .. .. 1,744 Rent of storage space .. .. .. .. .. 3,462 Maintenance of fire claims.. .. .. .. .. 18 Contingencies .. .. .. .. .. .. 2 Payments in lieu of leave of absence .. .. .. 228 Ex gratia payments to officers as compensation for motorvehicles damaged on the Department's premises .. .. 19 I Refunds to Departments for publications, &c., sold .. .. 4,900 £424,579 j £424,579

PRINTING AND STATIONERY DEPARTMENT Receipts and Payments Account for the Year ended 31st March, 1945

55

B—l [Pt. IV]

Dr. Cr. Paper and materials £ £ Sales— £ £ Stock at beginning .. .. .. .. 181,850 Manufacturing .. .. .. .. 279,256 Add purchases .. .. .. .. 86,044 Less work in progress, 31st March, 1944.. ... 10,646 267,894 268,610 Less stock on hand, 31st March, 1945 .. .. 171,177 Add work in progress, 31St March, 1945 .. .. 13,687 96,717 Stationery— 282,297 Stock at beginning .. .. .. .. 57,100 Stationery .. .. .. .. .. 121,795 Add purchases .. .. .. ..101,803 Publications .. .. .. .. .. 6,767 ; — Typewriters .. .. .. .. .. 9,332 158,903 420,191 Less stock on hand, 31st March; 1945 .. .. 54,520 Discounts received .. .. .. .. .. 343 104,383 Publications— Stock at beginning .. .. .. .. 12,008 Add purchases .. .. .. .. 3,395 15,403 Less stock on hand, 31st March, 1945 .. .. 12,115 3,288 TypewritersStock at beginning .. .. .. .. 4,111. Add purchases .. .. .. .. 11,825 15,936 Less stock on hand, 31st March, 1945 .. .. 8,311 7,625 Wages— Productive .. .. .. .. .. 97,339 Establishment .. .. . . . . .. 40,405 Stationery Office .. .. .. .. 12,075 Freight (inward) .. .. .. .. .. 13,322 Insurance . . .. .. .. .. 219 Lighting (proportion) .. .. .. .. 613 Power .. .. .. .. .. .. 432 Fuel .. .. .. .. .. .. 613 Water .. .. .. .. .. .. 183 165,201 Balance, transferred to Profit and Loss Account .. .. 43,320 I £420,534 j £420,534

PRINTING AND STATIONERY DEPARTMENT— continued Trading Account foe the Year ended 31st March, 1945

56

B—l [Pt. IV]

Dr. £ Or. £ Office salaries .. .. .. .. .. .. 11,603 Balance transferred. from Trading Account .. .. .. 43,320 Repairs and alterations to'buildings and plant .. .. 6,108 Storing and handling stationery, &c., for other Government Postages and telegrams .. .. .. .. .. 1,151 Departments .. .. .. .. .. .. 1,791 Freight and cartage (outward) .. .. .. .. 3,180 Commission on sales of publications .. .. .. .. 1,438 Discounts allowed . . .. .. .. . . 101 Rent receivable .. .. . . . . .. .. 236 Telephones (rental) .. .. .. .. .. 149 Balance carried down .. .. .. .. .. 10,201 Medical services .. .. .. .. ~ .. 28 Lighting, &c. (proportion) .. .. .. .. .. 68 Proportion of rent, &c., High Commissioner's Office .. .. 425 Office expenses .. .. .. .. .. .. 273 Sundry trade expenses .. .. .. .. .. 479 Audit fee .. .. .. .. .. .. 100 Wages: Cleaners, watchmen, &c, .. .. .. .. 2,829 Interest on capital .. ~ .. ~ .. 18 ,004 Depreciation— £ Buildings .. .. .. .. .. 1,044 Plant and machinery . . .. .. .. 6,568 Furniture, fittings, and office equipment .. .. 212 Type and type metal .. . . . . .. 71 Accessories .. .. .. .. .. 510 8,405 Losses on disposal of assets .. .. .. .. 122 Rent of storage space .. .. .. .. .. 3,570 Ex gratia payments in respect of damage to private motor-vehicles 19 Grants to widows of deceased officers .. .. .. 372 £56,986 £56,986 £ Balance brought down .. .. .. .. .. £10,201

Profit and Loss Account for the Year ended 31st March, 1945

57

B—l [Pt. IV]

Part 1 Dr. £ Gr. ' £ Balance transferred to Part II .. .. .. 39,622 Balance of Receipts and Payments Account .. .. 38,564 Adjustment in connection with 1943 revaluation of plant .. 15 War-risk insurance provided for in excess of requirements as at 31st March, 1944 .. .. .. .. .. 937 Refund of arrears of salary for cleaners, &e., paid by Internal Affairs Department .. .. .. .. .. 106 £39,622 £39,622 Part II Dr. £ Gr. £ Balance of Treasury Adjustment Account as at 31st March, 1944, Balance of Treasury Adjustment Account as at 31st March, 1944 82,927 transferred to Capital Account .. .. .. ... 82,927 Interest on capital .. .. .. .. .. 18,004 Balance carried down .. .. .. .. .. 57,626 Balance transferred from Part I .. .. .. .. 39,622 £140,553 £140,553 £ Balance brought down .. .. .. .. .. £57,626 Balance-sheet as at 31st March, 1945 Liabilities £ £ Assets £ Capital Account— Land .. .. .. .. .. .. 54,359 Public Works Fund .. .. .. .. 112,623 Buildings .. .. .. .. .. .. 31,489 Consolidated Fund .. .. .. .. 337,474 Plant and machinery— £ 450,097 Composing plant .. .. .. .. 1,497 Creditors— Machine composing plant .. .. .. 14,107 Departmental .. .. .. .. .. 8,499 Addressograph plant .. .. .. .. 112 Sundry .. .. .. .. .. 27,732 Binding plant .. .. .. .. .. 7,958 36,231 Printing plant .. .. .. .. .. 14,038 Wages accrued .. .. .. .. .. .. .1,661 Litho plant .. .. .. .. .. 8,943 Bad Debts Reserve .. .. .. .. .. 161 Photo plant .. .. .. .. .. 6,190

PRINTING AND STATIONERY DEPARTMENT —continued Treasury Adjustment Account as at 31st March, 1945

58

B—l [Pt. IV]

:£> o r-H I-H Cst> CO Hh H I ' "+? £ j S-2 | § r 2 N eg I > PH'I CO CO Ot> H«CSIC(MOiNXH l> rf! O ' S c 3 5? ~ t-lO CO • • OiCO»OHHCHOCO Oh • I> rfl ... _rt <D O , e\* lO rH .. HH HH 00 O * ... £ °CO H GO" CO CO I-H iO 2 3 < ;; ■. : : :*.:i: ; i ; * i : : i - . » &» • p „ IS3 2 . c 6 *Jg • § >•» ©_g £ P^2 ; So ftcj <3 pq a? Os H :: : : : ::::::::: : : : : : :: : £ g g „ ::: 1 : ::::::::: :::: : : : : I I§l| 'I « S §« § ... i. .-§ j •• • i • • § 1 a |«§i j£ g". -Pd'TSr-lW) S . 2 "S -p d 3i§ -3 a cS g C| 5 © .5 o S<l>rr- a} CO ll> H-s-s : ig : -. : :: & : 1 «|s s^4ai •jg*fggii*a„ ! s> i s e « *J§UI &§§ && 1 §g&g g g g | Sag <aii £ fl! illilflSSfll Alt J:,i! 14 *«tJl in iiiiiimin in in 1 ijif &K<4 P W<m - —— SI $ "5 § « _« g : : <D 2 +=> o £ 0 <D P 0 • • -jf o -fS h 0) r S M fIH pj «S W 0Q 5 'PH +3 K :: .^Seig i £ J* t * £ ■»= pq fn • • o SHS-P'flK ~ l-s *7 Ph. ua •■§l g § § s frj§ o o . 2 "tj a* I^l§ |a S^J§* K_ O -p K_ 2 GO «-< SH ® § g a t laJ-sS ■ - m°S 1 g & !> 2 M § T) « fi ®

59

B—l [Pt. IV]

Capital. Maintenance. Capital. MaintenanceDr. £ £ Gr. £ £ Remissions .. .. .. .. 893 658 Balance as at Ist April, 1944 .. .. 1,222 7,649 Transfer to Reserve Fund .. .. 1,530 .. Rates struck for 1944-45 year .. .. 10,492 6,018 Interest on capital cost .. .. .. 8,425 .. Penalty, 10 per cent., added to rates .. 99 53 Cost of maintenance .. .. .. .. 13,256 Remissions transferred to Revenue Account .. 2,636 2,393 Balance as at 31st March, 1945 .. .. 3,601 6,618 Subsidy on maintenance costs .. .. .. 4,419 £14,449 £20,532 £14,449 £20,532 Revenue Account for the Year ended 31st March, 1945 Dr. £ £ Gr. £ Losses written off— Accrued rent .. .. .. .. .. .. 191 Maori rates .. .. .. .. 5,029 Interest on capital cost recoverable by rates .. .. .. 8,425 Law-costs .. .. .. .. .. 2 Balance, carried down .. .. .. .. .. 15,982 5,031 Interest on loan capital .. .. .. .. .. 19,567 £24,598 £24,598 £ £ Balance, brought down .. .. .. .. .. 15,982 Balance, transferred to Drainage Works Account .. .. 16,157 Adjustment in respect of hire of plant wrongly credited in previous year .. .. .. .. .. .. .. 175 £16,157 £16,157 Treasury Adjustment Account for the Year ended 31st March, 1945 Dr. £ Gr. £ Receipts and Payments Account .. .. .. .. 6,169 Balance as at Ist April, 1944 .. .. .. .. 311,542 Hauraki Plains Settlement Account: Net transfer .. .. 347 Swamp Land Drainage Account: Net transfer .. .. 372 Balance as at 31st March, 1945 .. .. .. .. 324,965 Interest on loan capital .. .. .. .. •• 19,567 £331,481 £331,481

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year ended 31st March, 1945

60

B—l [Pt. IV]

Receipts £ Payments £ Consolidated Fund— Vote " Lands and Survey " : Maintenance of completed works .. 16,143 Miscellaneous revenue— Transfer to— Rates .. .. .. .. .. .. 17,699 Treasury Adjustment Account .. .. .. .. 6,169 Miscellaneous .. .. .. .. .. 4,044 Land for Settlements Account .. .. .. .. 96 Credits-in-aid : Vote " Lands and Survey " .. .. 569 Land for Settlements Account: Miscellaneous receipts .. .. 96 £22,408 £22,408 Balance-sheet as at 31st March, 1945 Liabilities £ £ Assets Loan capital .. .. .. .. .. 489,169 Drainage works— £ Less cash to credit of Land for Settlements Account.. 96 Recoverable capital expenditure (section 11, Finance Act, 1937, 489,073 No. 2) .. .. .. .. .. ..205,000 Free capital from Employment Promotion Fund .. .. 891 Not recoverable: Capital expenditure and capitalized interest 611,235 Reserve Account for repayment of capital cost .. .. 8,293 Plant, machinery, and tools .. .. .. .. 885 Treasury Adjustment Account .. .. .. .. 324,965 Buildings .. .. .. .. .. .. 1,711 Unpaid purchase-money for land taken .. .. .. 210 Survey costs .. .. .. .. .. .. 1,610 Sundry creditors : Miscellaneous .. .. .. .. 806 Sundry debtors— Rate Account— Rates— £ Capital .. .. .. .. .. 3,601 Capital .. .. .. .. .. 6,097 Maintenance .. .. .. .. .. 6,618 Maintenance .. .. .. .. .. 4,615 10,219 Law-costs .. .. .. .. .. 23 Writings-off in Suspense .. .. .. .. .. 5,031 Rent .. .. .. .. .. .. 17 Payments in advance: Rates .. .. .. .. 55 Miscellaneous .. .. .. .. .. 33 Departmental .. .. .. .. .. 2,074 12,859 Cash in transit from post-office , .. . . .. 321 Expenditure from Employment Promotion Fund .. .. 891 Losses in Suspense .. .. .. .. .. 5,031 £839,543 £839,543 D. M. Greig, 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 sudit, 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-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

Receipts and Payments Account for the Year ended 31st March, 1945

61

B—l [Pt. IV]

Dr. £ | Or. £ Interest on capital: Loan capital .. .. .. .. 37,328 [ Rents receivable .. .. .. .. .. 1,004 Contingencies .. .. .. .. .. .. 5 Interest receivable— £ Accident compensation .. .. .. .. ~ 82 Current Account mortgage .. .. .. 365 Loss on chattels sold .. .. .. .. .. 311 Instalment mortgage .. .. .. 480 Compensation Accounts, section 01, Servicemen's Settlement and Land Sales Act, 1943 .. .. 714 Disposal of blocks .. .. ~ 78 1,637 Rebate on superphosphate .. .. .. .. .. 1 Interest on development expenditure recouped .. .. 2,920 Balance: Loss for year carried down .. .. .. 32,164 £37,726 £37,726 £ £ Loss td 31st March, 1944 .. .. .. .. ..32,124 Balance : Loss to 31st March, 1945 .. .. .. .. 64,288 Balance: Loss brought down .. .. .. .. 32,164 £64,288 • £64,288

SMALL FARMS SCHEME DISCHARGED SERVICEMEN'S SECTION Revenue Account for the Year ended 31st March, 1945

62

B—l [Pt. IV]

Receipts Payments Interest on other public moneys : Interest in £ £ £ Land for Settlements Account: Unauthorized expendi- £ £ respect of advances— ture .. .. .. .. .. 631 Current Account mortgages .. .. 113 " Vote " Small Farms Development" .. .. 1,084,374 Instalment mortgages .. .. .. 312 Paid from Land for Settlements Account .. .. 1,085,005 Miscellaneous . .. •• 750 Transfer of balances: Treasury Adjustment Account .. 1,375 1,175 Territorial revenue : Rents under small farms scheme .. .. .. •• • • . 201 Credited to Consolidated Fund .. .. .. 1,376 Credits-in-aid : Vote " Small Farms Development " Improvements .. .. •• 6,733 Seasonal and live-stock .. .. 110, 346 Chattels .. .. .. • • 1 ? 936 Sales of land .. .. .. • • 695 -119,710 Capital receipts— Small farms development: Repayment of principal under mortgages, &c.— Current Account— Improvements .. .. .. 953 Stock and chattels .. .. .. 2,979 Instalment mortgages .. .. .. 2,363 Compensation Account .. 65,747 72,042 Credited to Land for Settlements Account 191,752 Transfer of balance : Land for Settlements Account. . .. 893,252 £1,086,380 £1,086,380

Receipts and Payments Account for the Year ended 31st March, 1945

63

B—l [Pt. IV]

SMALL FARMS SCHEME— continued DISCHARGED SERVICEMEN'S SECTION— continued Balance-sheet as at 31st March, 1945

Liabilities Assets Loan capital— £ £ Land— £ £ National Development Account .. .. 436,613 Leased .. .. .. .. .. 60,465 Land for Settlements Account .. .. .. 963, 680 Purchase-price of areas being developed, including 1,400,293 value of Crown and other land set aside .. 895,107 Subsidies— —— 955,572 Employment Promotion Fund .. .. .. 6,979 Blocks under development— Consolidated Fund .. .. .. .. 18,339 Gross capital expenditure on development .. 189,397 25,318 Expenditure on live-stock and farm working .. 170,612 Land set aside for small farms— Chattels .. .. .. .. .. 37,263 Crown lands .. .. .. .. 3,673 397,272 Education endowment land .. .. .. 928 Compensation for land taken (recoverable on selection) .. 80,406 4,601 Advances to mortgagors— Creditors: Miscellaneous (departmental, &c.) .. .. 13,300 Current Account— £ Payments in advance: Rent .. .. .. .. 8 Improvements .. .. .. 200 Accrued interest on capital on blocks being developed .. 53,928 Stock and chattels .. .. . . 2,528 Writings off in Suspense .. .. .. .. 2,215 2,728 Treasury Adjustment Account .. .. .. .. 68,370 Instalment mortgage .. .. .. .. 8,556 11,284 Dairy companies' shares .. .. .. .. 29 Debtors— Rent .. .. .. .. .. 181 Principal: Instalment mortgage .. .. 50 Interest— Instalment mortgage .. .. 108 Current Account .. .. .. 79 lB7 Miscellaneous (departmental, &c.) .. .. 2,158 2,576 Rent Adjustment Account .. .. .. .. 322 Interest Adjustment Account .. .. .. .. 60 Interest unrecouped on development expenditure ~ .. 53,928 Losses in Suspense Account .. .. .. .. 2,215 War Expenses Account concessions : Rent .. .. 81 Revenue Account: Balance carried forward .. .. 64,288 £1,568,033 £1,568,033

64

3—B-l [Pt. IV]

B—l [PT. IV]

Dr. £ £ Or. £ Interest on capital— Rents receivable .. . .. .. .. 3,600 Loan capital .. .. .. .. .. 68,868 Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 Current Account mortgages .. .. .. 4,046 70,428 Instalment mortgages .. .. .. .. • 16,063 Rent payable .. .. .. .. .. .. 509 Share-milkers' loans .. .. .. .. 92 Rebates .. .. .. .. .. .. .. 1,469 Miscellaneous .. .. .. .. .. 588 Accident compensation .. .. .. .. .. 394 20,789 Miscellaneous expenses .. .. .. .. .. 80 Interest accrued on loan to Napier Harbour Board .. .. 1,551 Deficit on redisposal of properties .. .. .. .. 105 Interest on development expenditure recouped .. .. 35,146 Losses on realization of advances to small farms occupiers .. 2,165 Rebates on superphosphate.. .. .. .. .. 91 Loss on chattels sold .. .. .. .. .. 435 Surplus on redisposal of properties .. .. .. .. 336 Losses on disposal of developed blocks .. .. .. 16,099 Miscellaneous .. .. .. .. .. .. 390 Balance: Loss for year carried down .. .. .. 29,781 £91,684 £91,684 £ £ Balance— Balance: Loss to 31st March, 1945, carried forward „. .. 301,998 Loss brought forward from 31st March, 1944 .. .. 272,217 Loss for year brought down .. .. .. ..29,781 £301,998 £301,998

CIVILIANS' SECTION Revenue Account for the Year ended 31st March, 1945

65

B—l [Pt. IV]

SMALL FARMS SCHEME— continued, CIVILIAN'S SECTION— continued Receipts and Payments Account for the Year ended 31st March, 1945

Receipts £ £ £ Payments £ £ Interest on other public moneys : Interest in Vote " Lands and Survey," item" Payment of Rents " 456 respect of advances— Vote " Small Farms Development " .. .. 305,446 Current Account mortgages .. .. 4,044 Land for Settlements Account: Unauthorized exInstalment mortgages .. .. .. 15,327 penditure .. .. .. .. .. 2,131 Under share-milkers' agreement .. 97 Paid from Land for Settlements Account .. .. 308,033 19,468 Transfer of balances : Treasury Adjustment Account .. 22,064 Territorial revenue : Rents under small farms scheme .. .. .. .. .. 3,052 Credited to Consolidated Fund .. .. .. 22,520 Credits-in-aid : Vote " Small Farms Development " Improvements .. .. .. 5,986 Seasonal and live-stock .. .. .. 224,547 Chattels .. .. .. .. 156 Water levies .. .. .. .. 790 231,479 Capital receipts—Small farms development: Repayment of principal under mortgages, ! &c.— Current Account— Improvements .. .. .. 1,046 Stock and chattels .. .. .. 63,311 Instalment mortgages .. .. .. 6,290 Share-milkers' agreements .. .. 915 Realization Account .. .. .. 1,139 72,701 Credited to Land for Settlements Account .. 304,180 Transfer of balance : Land for Settlements Account .. .. 3,397 £330,097 - £330,097

66

B—l [Pt, IV]

Liabilities Assets Capital— £ £ Land— £ £ Loan capital .. .. .. .. 1,706,474 Leased .. .. .. .. .. 86,552 Consolidated Fund .. .. .. .. 39,000 Unleased .. .. .. .. .. 5,334 Purchase-price of areas being developed, including 1,745,474 value of Crown and other lands set aside .. 239,094 Less funds in Land for Settlements Account .. 2,073 330,980 1,74 3,401 Blocks under development— Subsidies— Gross capital expenditure on development .. 1,743,672 Employment Promotion Fund .. .. 476,015 Expenditure on live-stock and farm working .. 230,679 Consolidated Fund .. .. .. .. 529,615 Chattels (including store buildings) .. .. 34,417 1,005,630 2,008,768 Loan from Social Security Fund .. .. .. 3,161 Loan to Napier Harbour Board— Land donated .. .. .. .. .. 368 Ahuriri Lagoon .. .. .. .. 35,467 Land set aside for small farms— Accrued interest .. .. .. .. 7,093 Crown lands .. .. .. .. 65,199 42,560 Education endowment lands .. .. .. 2,998 Water-supply schemes: Headworks .. .. .. 11,044 68,197 Advances to small farm occupiers— Rent accrued: Crown Lands Account .. .. .. 131 Current Account— £ Creditors— Improvements .. .. .. 23,121 Rent .. .. .. .. .. 81 Stock and chattels .. .. 38,671 Miscellaneous (departmental, &c.) .. 9,456 61,792 9,537 Instalment mortgages .. .. .. 328,828 Water-supply Account: Maintenance .. .. .. 1,445 390,620 Profits on blocks disposed of (not finalized) .. .. 778 Advances under share-milking agreements .. .. 2,447 Payments in advance— Realization Account: Leased areas in course of Rent .. .. .. .. .. 297 realization .. .. .. .. .. .. 12,842 Principal— £ Losses on blocks disposed of (not finalized) .. .. 206 Instalment mortgages .. .. 194 Debtors— Share-milkers' loans .. .. 45 Rents .. .. .. .. .. 1,575 239 Principal— £ Interest— Instalment mortgages .. .... 741 Instalment mortgages .. .. 348 Share-milkers' loans .. .. 264 Share-milkers' loans . . .. 1 1,005 Current Account .. .. .. 1 Interest— 350 Instalment mortgages .. .. 1,969 Water levies .. .. .. .. 8 Share-milkers' loans .. .. 51 894 Current Account .. .. .. 1,812 Accrued interest on capital on blocks being developed . . 257,989 -—— 3,832 Rent Adjustment Account .. .. .. .. 1,016 Water levies .. .. .. .. 754 Writings off in Suspense .. .. .. .. 8,896 Miscellaneous (departmental, &c.) .. .. 3,247 Capital Reserve: Special assets taken over at book value.. 39,453 10,413 Treasury Adjustment Account .. .. .. .. 381,979 Carried forward .. .. .. 3,522,875 Carried forward .. .. .. .. 2,809,880

Balance-sheet as at 31st March, 1945

67

B—l [Pt. IV]

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: | | ' f f Si: m m 1 g e 8 1; i 02 I d I

68

B—l [Pt. IV]

Receipts Payments Interest on other public moneys : Interest in £ £ £ Vote " Lands and Survey," item " Payment of Properties £ respect of advances— leased, &c.": Paid from Consolidated Fund .. .. 456 Current Account mortgages .. .. 4,157 I Land for Settlements Account: Unauthorized expenditure .. 2,761 Instalment mortgages .. .. 15,639 Vote " Small Farms Development"— £ Under share-milkers' agreement .. 97 Acquisition of land and interest therein .. .. 787,977 Miscellaneous .. .. .. 750 Expenditure on blocks being developed— £ 20,643 Materials and services .. .. 104,619 Territorial revenue: Rents under small farms Chattels .. .. .. .. 25,367 scheme .. .. .. .. .. 3,253 Wages— Credited to Consolidated Fund .. .. .. 23,896 Development .. .. .. 50,999 Credits-in-aid: Vote " Small Farms Develop- Seasonal.. .. .. .. 89,916 ment"— > Seasonal expenditure and live-stock .. 280,578 Improvements .. .. .. 12,719 551,479 Seasonal and live stock .. .. 334,893 Advances to small farm occupiers .. .. 46,097 Chattels .. .. .. .. 2,092 Accident compensation .. .. .. 478 Sales of land .. .. .. .. 695 Water-supply: Maintenance .. .. .. 605 Water levies, &c. .. .. .. 790 Grants to County Councils .. .. .. 2,857 35 1,189 Travelling-expenses, &c. .. .. .. 24 Capital receipts— Small farms development: Payment to Anderson Trust Board .. .. 303 Repayment of principal under mortgages, Contingencies.. .. .. .. .. 1 &c.— Paid from Land for Settlements Account .. 1,389,821 Current Account— Transfer of balances: Treasury Adjustment Account .. 23,439 Improvements .. .. .. 1,999 Stock and chattels .. .. .. 66,290 Instalment mortgages .. .. .. 8,653 Share-milkers' agreements .. .. 915 Realization Account .. .. .. 1,139 Compensation Account, section 51, Soldiers Settlement and Land Sales Act, 1943 .. 65,747 144,743 Credited to Land for Settlements Account .. 495,932 Transfer of balance : Land for Settlements Account .. 896, 649 £1,416,477 £1,416,477

Receipts and Payments Account for the Year ended 31st March, 1945

69

B—l [Pt. IV]

SMALL FARMS SCHEME— continued COMBINED SECTION— continued Balance-sheet as at 31st March, 1945

Liabilities Assets Capital— £ £ Land— " £ £ National development .. .. .. 2,143,087 | Leased .. .. .. .. .. 147,017 Land for Settlements Account .. .. 961,607 j Unleased .. .. .. .. .. 5,334 Consolidated Fund .. .. .. .. 39,000 Purchase-price of areas being developed, including 3,143,694 value of Crown and other land set aside .. 1,134,201 Subsidies— 1,286,552 Employment Promotion Fund .. ... 482, 994 Blocks under development— Consolidated Fund .. .. .. .. 547,954 Gross capital expenditure on development .. 1,933,069 1,030,948 Expenditure on live-stock and farm working .. 401,291 Loan from Social Security Fund .. .. .. 3,161 Chattels (including store buildings) .. .. 71,680 Land donated .. .. .. .. .. 368 2,406,040 Land set aside for small farms— Compensation for land taken (recoverable on selection) .. 80,406 Crown lands .. .. .. .. 68,872 Loan to Napier Harbour Board— Education endowment lands .. .. .. 3,926 Ahuriri Lagoon .. .. .. .. 35,467 72,798 Accrued interest .. .. .. .. 7,093 Rent accrued: Crown Lands Account .. .. .. 131 42,560 -Creditors—- Water-supply scheme: Headworks .. .. .. 11,044 Rent .. .. .. .. .. 81 Advances to small farm occupiers— Miscellaneous (departmental, &c.) .. .. 22,756 Current Account— £ 22,837 Improvements .. .. .. 23,321 Water Supply Account: Maintenance .. .. .. 1,445 Stock and chattels .. .. 41,199 Profit on blocks disposed of (not finalized) .. .. 778 64,520 Payments in advance— Instalment mortgages .. .. .. 337,384 Rent .. .. .. .. .. 305 401,904 Principal— £ Advances under share-milkers' agreements .. .. 2,447 Instalment mortgages .. .. 194 Dairy company shares .. .... .. .. 29 Share-milkers' loans .. .. 45 Realization Account: Leased areas in course of 239 realization.. .. .. .. .. .. 12,842 Interest— Losses on blocks disposed of (not finalized) .. .. 206 Instalment mortgages .. .. 348 Debtors— Share-milkers' loans .. .. 1 Rents .. .. .. ~ 1,756 Current Account .. .... 1 Principal— £ 350 Instalment mortgage .. .. 791 Water levies .. .. .. 8 Share-milkers' loans .. .. 264 902 1,055

70

(i"LI6'TIBJ 'padopAop Supq uo uo petuooy „ gqq. oq. paqipgjo U99q s-eq gou-epq gqj, '^ ottl 9c l W 9A<eq oq. pgqipgio U99q si3q q.u9tacfo|9A9p jgputi uo gmqipugdxg uo qsgigqui (q) i oqq jo uoiqi3zjp39a: uo pgureqj9oSi2 st uoiqisod pug aqq ugqAv ipo qutioooy arraaAoy; gqq. ux pgpnpui 9113 qugradopAgp jgpun s>[oojq uo Suimjej uiojj sassoj jo sqijoaj (») _=_ . I — = 806'060 '9? 806'060 '23 986 ' 998 '" ' * pjt3A\Joj p9UTOO gouupg : gtiu9A9'}j ■[g • • • • : suotss9ouo o sasugdxg; see '881 661 '68 " "• " pg^pqosuoQ gei'eoi '' — -jo pasodsip Ss[oo|q jo q.o9ds9J ux sgiptsqng XXI 'II '' '' '■ asuadsng ut sassorj £16 ' 118 "* "" uo pgdnooajuti 0§9 ' f •• •• •• •• ggg • • • • • • • • pmooay (j.uo'g 186 £OB '' '' '' '' 9AJ9S9-VJ; ssgq; Bgg 'l " • •' S9nreduio9 ppq s^isod9(j 686 'SI got 'e '' '' (" 02 ? snogu^posijij f Ql ■■ •• ■• •• S9TA9J I9<VBM. 6io 'f 6fB'oet " " " " fpmoooy 168 'I *' 89f'68 QTqisA >}Ooq ,i9AO spsse ppsdg : 8A.1959-}.] pqidßQ 19 •• •• streoj I sj9si|Tixi-9Ji!qg III 'II ■' *' 9su9dsng ui jjo-sSm^ijj^ HQ 'g •• •• 9lO' I il6'llB p9dopA9p Smaq 85[ooiq no uo petuooy

B—l [Pt. IV]

ptre 'aaOiiaaHXXi'g; j f— si ptreq; i ttogigqq. q.u9indopA9p gqq. oq. pnba si pire jo sgsngdxg jo gqq. ioj gkreqo v i-egq sgop gqq. (j) : pgpiradde gxß guiAvoqoj -[/\j j-g uxmpi jo q.tigragoii9Tiraioo ye Snijregdd'e st? Aq-eiguoS pgoigjug put? sqooq gqq. qcqM. pgxedtaoo pu "8 pguraii3xg /{tip tiggq gA-eq (pgqs-gotiiq'eg; put? gnu9A9'}j •spirerj lOJ c JSYaaoMOVj\[ - f) "g J9iqQ 'nosaag J •*)

71

B—l [Pt. IV]

STATE FOREST SERVICE UTILIZATION" BRANCH, ROTORUA Working Accounts for the Year ended 31st March, 1945 Waipa Creosote Plant

Dr. £ Gr. £ Stocks, Ist April, 1944 .. .. .. .. .. 23,768 Sales .. .. .. .. .. .. .. 21,813 Wages, creosote, timber purchases, &c. .. .. .. 15,184 Stocks, 31st March, 1945 .. .. .. .. .. 18,059 Balance, to Profit and Loss Account .. .. .. 920 £39,872 £39,872 Waipa Sawmill and Box-factory Dr. £ Cr. £ Stocks, Ist April, 1944 .. .. .. .. .. 33,493 Sales .. .. .. .. .. .. .. 293,073 Milling, kiln drying, maintenance, &c. .. .. .. 262,316 Stocks, 31st March, 1945 .. .. .. .. .. 43,423 Balance, to Profit and Loss Account .. .. .. 40,687 £336,496 £336,496 Profit and Loss Account for the Year ended 31st March, 1945 Dr. £ Gr. £ Profit and Loss Appropriation Account .. .. .. 41,607 Sawmill and Box-factory Working Account .. .. .. 40,687 Creosote Working Account .. .. .. .. .. 920 £41,607 £41,607

72

4—B-l [Pt. IV]

B—l [PT. IV]

Dr. £ Cr. £ Balance, Ist April, 1944 .. .. .. •• •• 17,825 Profit and Loss Account .. .. .. .. .. 41,607 Special Depreciation of Establishment Account .. .. 4,127 Interest for year 1944-45 .. .. .. •• •• 14,994 Balance .. .. .. •• •• •• 4,661 £41,607 £41,607 Balance-sheet as at 31st March, 1945 Liabilities £ Assets £ Sundry creditors .. .. .. •• •• 4,883 Plant (at cost, less depreciation and reserves) .. .. 95,604 Fire Insurance Reserve .. .. .. •• •• 4,825 Buildings and construction units (at cost, less depreciation) .. 141,772 Profit and Loss Appropriation Account .. .. .. 4,661 Departmental property and stores .. .. .. ..39,451 Head Office ' 389,215 Stocks . 61,581 £ Sundry debtors .. .. .. .. .. .. 41,529 Main Balance-sheet figure .. .. .. •• 383,453 Establishment Account and miscellaneous .. .. .. 23,647 Less South Island utilization plants .. .. 26,059 357,394 Plus debtors .. .. •• •• •• 41,529 398,923 Minus creditors .. .. . • •• 4,883 394,040 Minus Fire Insurance Reserve .. .. .. 4,825 £389,215 £403,584 £403,584

Appropriation Account

73

B—l [Pt. IV]

Expenditure Income £ £ Salaries and contributions to Public Service Superannuation £ Timber— Fund .. .. .. .. .. .. .. 32,829 Royalties .. .. .. .. .. 8,847 General management of indigenous forests— £ Sales .. .. .. .. .. .. 137,836 Postages, cables, stationery, &c. .. .. .. 3,184 'Trespass .. .. .. .. 52 Forest reconnaissance, timber cruising, &c. .. .. 17,492 146,735 Legal expenses .. .. .. .. .. 295 Leases— Office rent, heating, lighting, and cleaning .. .. 2,603 Grazing .. .. .. .. .. 1,308 Transportation expenses and maintenance of motor- Sawmill sites .. .. .. .. .. 292 vehicles .. .. .. .. .. 4,665 Miscellaneous .. .. .. .. .. 289 Travelling and transfer expenses .. .. .. 7,765 1,889 Maintenance of buildings and departmental property 509 License and transfer fees .. .. .. .. .. 337 Contingencies .. .. .. .. .. 135 Fees for inspections .. .. .. .. .. 3,748 36,648 Administration expenses (Forests Amendment Act, 1926) .. 1,365 Forest-fire prevention: Fire-fighting wages, &c. .. .. 383 Miscellaneous revenue .. .. .. .. .. 2,900 Research and educational: Silvicultural management Profit on sale of books .. .. .. .. .. 20 studies and timber products testing .. .. .. 1,130 Managed forestsMiscellaneous— Waipoua and Omahuta: Royalty.. .. .. 16,375 Annual rent, Otanewainuku .. .. .. 74 Less loss for year .. .. .. .. 291 Payments of special rates .. .. .. 48 16,084 Payments to other Departments .. .. .. 281 Whirinaki: Profit and royalty .. .. .. .. 11,525 Compensation to employees .. .. .. 7 Work for other Departments .. .. .. 1,687 2,097 Depreciation .. .. .. .. .. .. 1,766 Timber-control expenses (recoverable) .. .. .. 14,755 Balance carried down .. .. .. .. .. 94,995 £184,603 £184,603 Allocation of Revenue Account Dr. £ Or.. £ Consolidated Fund— Balance from General Revenue Account .. .. .. 94,994 National Endowment Account .. .. .. .. 14,235 Local bodies : Fifths of revenue (Finance Act, 1924, section 17).. 5,034 General Reserve .. .. .. .. .. 75,725 £94,994 £917994 Nurseries and Plantations : Interest and Miscellaneous Br. £ ! Cr - £ Loss on Westland Nursery .. .. .. .. .. 42 Interest on commercial projects .. .. .. .. 14,994 Interest payable .. .. .. .. .. .. 151,119 i Net*interest payable capitalized .. .. .. .. 136,167 £151,161 I £151,161

STATE FOREST SEK VICE —continued STATE FORESTS ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1945 General Revenue Account

74

B—l [Pt. IV]

Liabilities £ j Assets £ Land and forest capital .. .. .. .. 36,432,639 Land taken over or purchased .. .. .. .. 1,689,441 National-development loans .. .. .. .. 3,877,439 Indigenous standing forests taken over or purchased .. 34,028,190 Advances from Consolidated Fund .. .. .. 87,405 Indigenous forest improvements (roads, tracks, protection, &c.) 6,787 Sundry creditors— Regeneration of cut-over areas (including planting) .. 63,114 Cpnsolidated Fund— £ Indigenous forests under management .. .. .. 77,424 For interest paid on loans .. .. 1,223,134 Cost of establishment of exotic forests .. .. .. 6,824,591 For loans redeemed .. .. .. 141, 554 Seed stocks .. .. .. .. .. .. 1,695 For national-endowment revenue collected Utilization plant, stocks, &c.— but not paid over .. .. .. 18,235 Whakarewarewa: Sawmill, box-factory, and £ creosoting .. .. .. .. 359,761 1,382,923 Hanmer Springs: Creosoting .. .. 5,851 On open account .. .. .. .. 47,125 Southland: Creosoting .. .. .. 14,286 1,430,048 Miscellaneous .. ~ .. .. 3,555 Reserves— 383,453 General reserves— Departmental property (indigenous forests and Indigenous forests .. .. .. 1,082,042 , general administration)— Exotic forests .. .. .. .. 941,376 Buildings .. .. .. .. .. 3,871 Utilization (sawmilling, &c.) .. .. 4,692 Field, office, and miscellaneous equipment .. 8,641 Forest atlas .. .. .. .. 2,449 2,028,110 Motor-vehicles .. .. .. .. 36,364 Fire Insurance Reserve .. .. .. 4,825 Reference library and saleable publications .. 1,377 Reserve for assets in suspense (see contra) 832 Stamps on hand .. .. .. .. 142 2,033,767 52,844 Amounts held on deposit (see contra) .. .. .. 9,150 Sundry debtors on open account .. .. .. 143,395 Net interest payable capitalized but not charged against specific assets .. .. .. .. .. 576,910 Assets in suspense (see contra) .. .. .. .. 832 Cash held in deposit (see contra).. .. .. .. 9,150 Cash in Public Account and outstanding imprests .. .. 12,622 £43,870,448 £43,870,448

Notes.—(1) Land and indigenous forests, other than areas purchased, have been valued as follows : prairie value, ss. per acre ; protection, £1 per acre; merchantable forests, £lO per acre; accretions during the year have been brought into the accounts at the prairie value of ss. per acre. (2) Cost of establishment of exotic forests has been arrived at on the basis of expenditure less receipts to date plus compound interest to 31st March, 1940, only. (3) The liability for advances from 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. Entrican, Director of Forestry. R. J. Wells, Accountant. I hereby certify that the Working Accounts, Profit and 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 departmental notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV],— J. P. Rutherford, Controller and Auditor- General.

Balance-sheet as at 31st March, 1945

75

B—l [Ft. IV]

w7o ? r nU<3AcOOU f- £ Ordinary Revenue Account— 2/615 & ° 372 Vote " Lands and S ™y "— Drainage works : MainP MlSCellaneoUS - tenance of completed works- £ 2f.,. • £ Waihi .. .. .. .. i 226 .. .. 2,236 Kaitaia .. .. .. 2227 Kaitaia .. .. ~ .. _ 4,54s Poukawa .. .. .. .. .. '344 Poukawa 704 _l!! 3j797 Miscellaneous 7 ' 488 Transfer to Treasury Adjustment Account .. .. .. 4'390 Credits-in-aid : Vote " Lands and Survey . .. 12 £8,187 £8,187 Treasury Adjustment Account for the Year ended 31st March, 1945 Df. £ Q r^ Receipts and Payments Account .. .. .. 4,390 Balance, Ist April, 1944 .. .. .. .. .. 370 718 Transfer: Vote Lands and Survey Account" .. 27 Interest on capital .. .. .. 61 16 Kangitaiki land drainage: Net transfer .. .. .. 372 > Balance, 31st March, 1945.. .. .. '' j' 372 045 £376,834 £376,834

SWAMP LAND DRAINAGE SCHEME Receipts and Payments Account for the Year ended 31st March, 1945 _ . Receipts I

76

B—l [Pt. IV]

Rural Town Sural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. . £ £ Or. £ £ Transfer to Reserve .. .. . • .. 557 76 Balance, Ist April, 1944 ;. .. .. 1,975 219 Interest charges .. .. •• •• •• 2,443 334 Rates levied, 1944—45 .. .. .. .. 2,262 442 Remissions .. .. .. . • • • 195 .. 10 per cent, penalty on unpaid rates .. .. 34 1 Balance, 31st March, 1945.. .. .. .. 1,205 252 Remissions transferred to General Revenue Account 129 £4,400 £662 £4,400 £662 General Rate Accounts : Maintenance Rural Town 'Rural Town Subdivision. Subdivision. Subdivision. Subdivision. £ £ Or. £ £ Cost of maintenance .. .. .. .. 1,862 254 Balance, Ist April, 1944 .. .. .. 2,354 338 Remissions .. .. .. •• •• 107 .. Rates levied, 1944-45 .. .. .. .. 1,913 200 Balance, 31st March, 1945.. .. .. .. 2,401 285 10 per cent, penalty on unpaid rates .. .. 26 1 Remisions transferred to General Revenue Account 77 £4,370 £539 £4,370 £539 WAIHI DRAINAGE AREA Special Rate Accounts : Capital Pukehina Kaikokopu Pukehina Kaikokopu Ward. Ward. Ward. Ward. J)r, £ £ J Or. £ £ Transfer to Reserve .. .. .. .. 55 82 | Balance, Ist April, 1944 .. .. .. 626 375 Remissions .. .. • • • • • • 38 98 j ■ Rates levied, 1944-45 .. .. .. .. 320 428 Interest charges .. .. .. .. • • 200 300 10 per cent, penalty on unpaid rates .. .. 7 7 Balance, 31st March, 1945 .. .. .. .. 736 461 Remissions charged to Revenue Account: General 76 131 £1,029 £941 £1,029 £941

Rate Accounts for Year ended 31st March, 1945 KAITAIA DRAINAGE AREA Special Rate Accounts : Capital

77

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME— continued Kate Accounts for Year ended 31st March, 1945—continued WAIHI DRAINAGE AREA— continued General Rate Accounts : Maintenance

Pukehina Kaikokopu Central Pukehina Kaikokopu Central n Ward. Ward. Ward. Ward. Ward. Ward. T\/r • * t £ £ £ O. £ £ £ Maintenance costs 40 709 527 Balance, Ist April, 1944 .. .. 844 150 263 Remissions .. .. 20 98 7 Rates levied, 1944-45 77 534 475 .Balance, 31st March, 1945 .. .. 892 40 204 10 per cent, penalty on unpaid rates 2 8 Remissions charged to General Revenue Account .. .. 29 155 £952 £847 £738 £952 £847 " £738 POUKAWA DRAINAGE AREA Special Rate Accounts : Capital t, . . Dr ' £ Or. £ Remissions 9 Balance, Ist April, 1944 657 lransfer to Reserve .. ~ .. ~ 11 194 Rates levied, 1944-45 .. .. .. .. .. 1 000 Interest charges .. .. .. .. .. _ t 751 10 per cent, penalty added to unpaid rates .. .. .. ' 46 Balance, 31st March, 1945 .. .. .. .. 749 v £1,703 £1,703 • General Bate Accounts : Maintenance „ . . Dr ' £ Or. £ Remissions .. .. .. .. .. .. 8 Balance, Ist April, 1944 .. .. .. .. .. 1 189 Cost of maintenance .. .. .. .. .. 344 Rates levied, 1944-45 .. .. .. .. .. 312 Balance, 31st March, 1945 .. .. .. .. 1,271 10 per cent, penalty added to unpaid rates .. .. .. 14 Thirds .. .. .. .. .. .. 108 £1>623 £1,623

78

B—l [Pt. IV]

Liabilities £ £ Assets £, £ Capital Account: Loan capital .. .. .. 498,241 Kaitaia Drainage Area— Less Land for Settlements Account .. .. 530 Allocated cost of work on which rates are levied— 497,711 Rural Subdivision .. .. .. .. 60,000 Reserve: Repayment of capital costs— Town Subdivision .. .. .. .. 8,200 Kaitaia Drainage Area— £ 68,200 Rural Subdivision .. .. .. 6,261 Excess cost of works not recoverable .. .. 164,378 Town Subdivision .. .. .. 856 Interest Account: Amount chargeable to area 7,117 capitalized to 31st March, 1940 .. ..168,958 Waihi Drainage Area — 333,336 Pukehina Subdivision.. .. .. 608 Waihi Drainage Area— Kaikokopu Subdivision .. .. 913 Allocated cost of work on which rates are levied— 1,521 Pukehina Subdivision.. .. .. .. 5,000 Poukawa Drainage Area .. .. .. 1,876 Kaikokopu Subdivision .. .. .. 7,500 10,514 Central Subdivision .. .. .. .. 46,295 Rate Accounts— 58,795 Special Rate Accounts: Capital— Excess cost of works not recoverable .. .. 28,587 Kaitaia Drainage Area— Interest Account: Amount chargeable to area, Rural Subdivision .. .. .. 1,205 capitalized to 31st March, 1940 .. .. 48,576 Town Subdivision .. .. .. 252 77,163 — 1,457 Poukawa Drainage Area— Waihi Drainage Area — Drainage works .. .. .. .. 17,494 Kaikokopu Subdivision .. .. 461 Interest Account: Amount chargeable to area .. 1,353 Pukehina Subdivision .... 736 18,847 1,197 Hikurangi Drainage Area— Poukawa Drainage Area .. .. .. 749 Drainage works .. .. .. .. 260,170 3,403 Less amount written off .. .. .. 184,389 General Rate Accounts : Maintenance— Kaitaia Drainage Area— 75,781 Rural Subdivision .. .. .. 2,401 Interest Account: Amount chargeable to area Town Subdivision .. .. .. 285 capitalized to 31st March, 1940 .. .. 163,068 2,686 238,849 Waihi Drainage Area— Mangawai Drainage Area— Pukehina Subdivision .. .. 892 Drainage works .. .. .. .. 1,878 Central Subdivision .. .. 204 Interest Account: Amount chargeable to works to Kaikokopu Subdivision .. .. 40 31st March, 1939 .. .. .. .. 1,606 1,136 Poukawa Drainage Area .. .. .. 1,271 3,484 5,093 Less amount written off .. .. .. 3,484 Sundry creditors .. .. .. .. .. 126 Rents charged in advance .. .. .. .. 97 Harihari Drainage Area— Payments in advance: Rates .. .. .. .. 926 Drainage works .. .. .. .. 4,355 Buildings Suspense .. .. .. .. .. 134 Interest Account: Amount chargeable to area Drainage Works Suspense .. .. .. 679 capitalized to 31st March, 1940 .. .. 3,429 7,784 Carried forward ~ 518,683 Carried forward .. .. .. 802,974

Balance-sheet as at 31st Maech, 1945

79

B—l [Pt. IV]

Liabilities—continued £ Assets— continued £ Brought forward .. .. .. .. 518,683 Brought forward .. .. .. .. 802,974 Writings-off in Suspense .. .. .. .. .. 3,336 Unpaid purchase-money on land sold on deferred payment .. 679 Treasury Adjustment Account .. .. .. .. 372,045 Buildings .. .. .. .. .. .. 1,065 Buildings: Loading .. .. .. .. .. 134 Plant and machinery .. .. .. .. .. 976 Loose tools .. .. .. .. .. .. 69 Stores on hand .. .. .. .. .. .. 883 Motor-vehicles .. .. .. .. .. .. 50 Sundry debtors for rates : Drainage Area. Capital. Maintenance. £ £ Kaitaia .. .. 7,373 3,580 10,953 Waihi .. .. 2,058 1,578 3,636 Poukawa .. .. 3,228 800 4,028 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage £ Amendment Act, 1926 .. .. .. 82 Law-costs .. .. .. .. .. 216 Departmental .. .. .. .. .. 1 299 Revenue Account— Waihi Drainage Area : Central Subdivision 22,816 General Revenue Account .. .. .. .. 29,067 Suspense Account— Capital rates remitted : Kaitaia Drainage Area .. .... .. .. .. .. 13,015 Losses in Suspense .. .. .. .. .. 3,336 Interest accrued but not due .. .. .. .. 9 Cash in transit from post-office .. .. .. .. 75 £894,064 £894,064 Note. —Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rates Accounts and interest on the balance of the expenditure was capitalized, but, in terms of Treasury Instructions No. 81, Treasury agreed that thereafter interest on irrecoverable expenditure need not be brought into the aocounts. D. M. Greig, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental note enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].—J. P. Rutherford, Controller and Auditor-General.

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

80

B—l [Pt. IV]

Receipts Payments Balance as at Ist April, 1944— £ £ Marae— £ Bank .. .. .. .. .. .. 8,367 Renovation grants .. .. .. .. .. 473 War Loans .. .. .. .. ... 3,000 Miscellaneous grants .. .. .. .. .. 508 11,367 District grants .. .. .. .. .. .. 1,671 Compensation grants in transit— Special grants .. .. .. .. .. .. 200 Board .. .. .. .. .. .. 5,000 Education grants .. .. .. .. .. .. 343 Parihaka Pa .. .. .. .. .. 300 Health grants .. .. .. .. .. .. 100 5,300 3,295 Interest .. .. .. .. .. .. .. 62 Administration of the Board £ Rent .. .. .. .. .. .. .. 70 Members' allowance and expenses .. .. .. 164 Kautu Pa: Contribution, annual meeting - .. .. .. 61 Secretary's salary .. .. .. .. 278 Honorarium, countersigning officer .. .. .. 10 Office .. .. .. .. .. .. 149 6Ol Office renovation .. .. .. .. .. .. 5 Balance— War Loans— Previous balance .. .. .. .. 3,000 Additional .. .. .. .. .. 1,000 4,000 National Savings .. .. .. .. 2,000 6,000 Cash— £ Bank of New Zealand .. ... .. 1,946 Less outstanding cheques .. .. 287 1,659 Remittance in transit .» .. .. .. 5,300 12,959 £16,860 £16,860

TARANAKI MAORI TRUST BOARD Statement of Receipts and Payments for the Year ended 31st March, 1945

81

B—l [Pt. IV]

Expenditure Income Marae- £ Compensation grants— £ £ Renovation grants .. .. .. .. .. 1,420 Board .. .. .. .. .. .. 5,000 Miscellaneous grants .. .. .. .. .. 162 Parihaka Pa .. .. .. .. .. 300 District grants .. .. .. .. .. .. 1,200 5,300 Special grants .. .. .. .. .. .. 250 Rent .. .. .. .. .. .. .. 71 Education grants .. .. .. .. .. .. 573 Interest— Health grant .. ~ .. .. .. .. 100 Received .. .. .. .. * .. 50 Rehabilitation .. .. .. .. ~ .. 1,000 Accrued .. .. .. .. .. 15 65 4,705 Administration of the Board— Members'— £ £ Allowance ........ 73 , Expenses .. .. ~ .. 53 126 Secretary's salary .. .. .. .. 278 Honorarium, countersigning officer .. .. .. 10 Office .. .. .. .. .. .. 175 589 5,294 Balance : Excess of income over expenditure .. .. .. 142 £5,436 £5,436

TARANAKI MAORI TRUST BOARD —continued Statement of Income and Expenditure for the Year ended 31st March, 1945

82

B—l [Pt. IV]

AJfWUWVVVZO ♦ £LHetMS & Marae— _ Furniture and fittings .. .. .. .. .. 87 Renovation grants .. .. .. .. .. 3,108 Land and buildings.. .. .. .. .. .. 1,091 Miscellaneous grants .. .. .. .. .. 179 Sundry debtors .. .. .. .. .. .. 358 District grants .. .. .. .. .. .. 857 Office . . .. .. .. .. .. .. 5 Health grants .. .. .. .. .. .. 2,400 Investments— Special grants .. .. .. .. .. .. 50 War Loans— £ £ Education grants .. .. .. .. .. .. 330 Previous years .. .. .. 3,000 Reserve Funds ~ .. .. .. .. 2,019 This year .. .. .. .. 1,000 Rehabilitation— £ 4,000 Balance as at Ist April, 1944 .. .. .. 2,000 National Savings this year .. .. .. 2,000 This year (additional) .. .. .. .. 1,000 3,000 6,000 Sundry creditors .. .. .. .. .. .. 18 Cash balance— Office renovation grant .. .. .. .. .. 178 Bank of New Zealand .. .. .. .. 1,658 Appropriation Account— £ Remittance in transit .. ■ .. .. .. 5,300 Balance as at Ist April, 1944 .. .. .. 5,218 12,958 Add excess of income over expenditure .. .. 142 5,360 Less compensation grant, 1931-32 .. .. 3,000 2,360 £14,499 £14,499 W. Wakawa, Secretary. 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 exception : no receipted vouchers or invoices were produced at audit in support of disbursements by district committees of sums totalling £1,671 lis. 3d.— J. P. Rutherford, Controller and Auditor-General.

Balance-sheet as at 31st March, 1945 r.' I'T'i'.. r» . a _ _ . t _

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Receipts £ £ Payments £ Balance, 31st March, 1944— Grants .. .. .. .. .. .. .. 3,080 New Zealand Government War Loans .. .. 750 Members .. .. .. .. .. .. .. 109 Deposit— Office expenses .. .. .. .. .. .. 132 Native Trustee .. .. .. .. .. 1,335 Petty cash expended .. .. .. .. .. 13 National Savings .. .. .. .. 816 Sundry unclassified expenses .. .. .. .. 45 Post Office Savings-bank .. .. .. .. 7 Debenture Interest .. .. .. .. .. .. 30 Petty cash on hand .. .. .. .. 3 Bonds Account .. .. .. .. .. .. 500 Liberty Bonds .. .. .. .. .. 249 Advances and repayment credits .. .. .. .. 21 Balance, 31st March. 1945— 3,160 New Zealand Government— £ Less overdraft, Bank of New Zealand .. .. 250 War Loan .. .. .. .. .. 750 2,910 Liberty Bonds .. .. .. .. .. 249 Grant from New Zealand Government .. .. .. 3,000 Victory Bonds .. .. .. .. .. 100 Interest— National Savings .. .. .. .. .. 995 Native Trustee .. .. .. .. .. 25 Post Office Savings-bank .. .. .. .. 8 National Savings .. .. .. .. .. 28 Petty cash on hand Repayments against advances.. .. .. .. 307 Bank of New Zealand .. .. .. .. 286 Refund grant .. .. .. .. .. 48 2,388 £6,318 £6,318

TUWHARETOA TRUST BOARD Receipts and Payments for the Year ended 31st March, 1945

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Expenditure £ Income £ grants .. .. .. .. _ 3,032 Grant from New Zealand Government .. .. .. 3.000 Members 109 InterestOffice expenses 148 Native Trustee 25 Petty cash expended 13 National Savings .. .. .. .. .. 28 bunary and unclassified expenditure .. .. .. 45 Debenture interest !! 30 Balance carried dowa 324 £3,377 £3,377 £ £ Deficit, 1944-45 .. .. .. .. .. 325 Balance brought forward .. .. .. .. 7,850 Balance earned forward .. .. .. .. .. 7,525 £7,850 £7,850 Balance-sheet as at 31st March, 1945 . . Liabilities £ Assets £ £ Reserve for depreciation .. .. .. .. , # 59 Office furniture . ♦ ~ .. 42 Sundry creditors 88 office appliances 17 Balance, Income and Expenditure Account .. .. .. 7,525 59 Post Office Savings-bank .. .. .. .. .. 8 Petty cash on hand Tongariro Timber Owners' Claim Account .. .. .. 2,000 Ngati-Tuwharetoa compensation claim : Principal .. .. 1,074 Barclay, G. .. .. .. .. .. ~ 4 Sundry debtors for advances .. .. .. .. 2,146 Loan : New Zealand Government free-of-interest .. .. 750 National Savings Account .. .. .. .. .. 995 Liberty Bonds .. .. .. .. ~ .. 250 Victory Bonds .. .. .. .. .. .. 100 Bank of New Zealand .. .. .. .. .. 286 £7,672 £7,672 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.— J P. Rutherford, Controller and Auditor-General.

Statement of Revenue and Expenditure for the Year ended 31st March, 1945

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MARINE DEPARTMENT WESTPORT HARBOUR ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1945 Expenditure £ Income £ Dredging.. .. .. .. .. .. .. 41,010 Special coal rate .. .. .. .. .. .. 20,440 Harbour maintenance .. .. .. .. .. 5,014 Endowment revenue .. .. .. .. .. 15,461 Breakwater protective works .. .. .. .. 1,127 Port dues .. .. .. .. .. .. 3,005 Working-expenses of tug and launch .. .. .. 272 Sale of stores, &c. .. .. .. .. .. 14 Office administration (local) .. .. .. .. 1,880 Rent .. .. .. .. .. .. .. 103 Endowments: Administration expenses .. .. .. 43 Use of transmission line Audit fees .. .. .. .. .. .. 36 Supervision of Explosives magazine .. .. .. 75 Telephone services .. .. .. .. .. 145 Miscellaneous .. .. .. .. .. .. 4 Compensation for accidents .. .. .. .. 4,492 Balance carried down .. .. .. .. .. 28,242 Motor-vehicles : Maintenance .. .. .. .. 68 Harbour improvements .. .. .. .. .. 10 Travelling-expenses .. .. .. .. .. 88 Head Office administration .. .. .. .. 600 Depreciation— £ Buildings .. .. .. .. .. 141 Dredge wharf, &c. .. .. .. .. 672 Bl3 Interest on loans .. .. .. .. .. .. 11,746 £67,344 £67,344 £ £ Balance brought down .. .. .. .. .. 28,242 Excess expenditure over income .. .. .. .. 32,822 Transfer to Sinking Fund .. .. .. .. .. 4,580 £32,822 ' £32,822

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Receipts and Payments Account for the Year ended 31st March, 1945 Receipts £ s. d. Payments £ s. d. Marine revenue : Westport Harbour receipts .. .. 38,411 16 7 Refunds of revenue .. .. .. .. 2 17 8 Final charges: Adjustments .. .. .. 262 8 2 Westport Harbour payments .. .. .. 59,579 13 6 Credits-in-aid (gross) .. .. .. .. 160 3 1 Final charges : Adjustments .. .. .. 262 8 2 Balance carried down .. .. .. .. 21,820 11 10 Unauthorized .. .. .. .. .. 810 0 4 £60,654 19 8 £60,654 19 8 Treasury Adjustment Account £ s. d. £ s. d. Balance brought down .. .. .. .. 22,420 11 10 Balance brought down .. .. .. .. 21,820 11 10 Administration charges : Head Office .. .. 600 0 0 £22,420 11 10 £22,420 11 10 £ s. d. £ s. d. Balance carried down .. .. .. .. 177,683 0 1 Balance brought down .. .. .. .. 22,420 11 10 Balance, Ist April, 1944 .. .. .. .. 138,936 14 11 Interest on capital .. .. .. .. 11,745 12 7 Sinking Fund contribution .. .. .. .. 4,580 0 9 £177,683 0 1 £177,683 0 1 = £IT Balance £177,683 0 1

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MARINE DEPARTMENT— continued WESTPORT HARBOUR ACCOUNT— continued Balance-sheet as at 31st March, 1945 Liabilities Assets Liability to Consolidated Fund— £ £ Endowment lands— £ £ Finance Act, 1926, seotion 22 .. .. .. 64,783 Leased .. .. .. .. .. 35,574 Finance Act, 1932, section 16 .. .. .. 92,421 Unleased .. .. .. .. .. 24,205 . 157,204 59,779 Endowment capital .. .. .. .. .. 59,779 Breakwaters .. .. .. .. .. .. 344,333 General Reserve .. .. .. .. .. .. 191,362 Training-walls .. .. .. .. .. .. 102,998 Writing-off, Reserve Account .. .. .. .. 94 Protective works and relief channel.. .. .. .. 17,384 Payments in advance .. .. .. .. .. 566 Limestone- quarry .. .. .. .. .. 128 Creditors— £ Gridiron .. .. .. .. .. .. 1,142 Departmental .. .. .. .. .. 87 Dredge wharf .. .. .. .. .. ~ 558 Sundry .. .. .. .. .. 1,208 Martin's Island .. .. .. .. .. .. 700 1,295 Harbour buildings .. .. .. .. .. 1,367 Treasury Adjustment Account .. .. .. .. 177,683 Dredges, tug " Mana," plant, &c. .. .. .. .. 5,713 Cape Foulwind Railway .. ~ .. .. 8,251 Office furniture and fittings .. .. .. .. 19 Stock and stores .. .. .. ~ .. 7,076 Breakwater Repairs Suspense Account .. .. .. 160 Debtors— £ Accrued revenue .. .. .. .. 2,085 Departmental .. .. .. .. .. 2,135 Sundry .. .. .. .. .. 1,239 5,459 Writing-off, Suspense Account .. .. .. .. 94 Excess expenditure over income for year 1944-45 .. .. 32,822 £587,983 £587,983 W. C. Smith, for Secretary. J. Southward, for Acting-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]. —J. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given; printing (558 copies, £2oo)i By Authority: E. V. Paul, Government Printer, Wellington.—l 947 Price Is. 9d.]

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