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B—l [PT. IV]

1947 NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 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: Arawa District Trust Board .. .. .. .. .. .. 4 Electric Supply Account (1946).. .. .. .. .. .. ..9 Electric Supply Account (1947).. .. .. .. .. .. .. ..17 Government Life Insurance Department (see Parliamentary Paper H-8). Hauraki Plains Settlement .. .. .. .. .. .. . . 24 Housing Account (see Parliamentary Paper B-13). Industries and .Commerce, Tourist , and Publicity Department .. ... .. ..27 Land for Settlements Account .. .. .. .. .. . . .. . . 35 Main Highway Account (see Parliamentary Paper D-l). Maori Purposes Fund Board .. .. .. .. .. .. .. .. 43 Marketing Department— Export Division (see Parliamentary Paper H-30, presented July, 1947). Internal Marketing Division (see Parliamentary Paper H-30a). , Native Department— Building Construction Fund .. .. ... .. . . .. .. 45 District Maori Land Boards .. .. .. . ■ .. .. 47 Maori Rehabilitation .. .. .. .. .. .. . . 46 Native Land Development Schemes .. .. . . .. .. 54 Native Housing Act, 1935 .. .. .. .. .. . . . . . . 60 Special Native Housing Fund .. .. .. .. .. .. .. 57 Native Trustee .. .. .. .. .. .. .. .. 62 New Zealand Broadcasting Service : National Division .. . . . . .. .. 65 New Zealand Broadcasting Service : Commercial Division .. .. .. .. 67 New Zealand Reparation Estates 1942-1946 .. .. .. .. .80 Post and Telegraph Department .. .. .. . . . . . . 69 Printing and Stationery Department .. .. .. . . .. 73 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 .. .. .. .. .. .. 78 Small Farms Scheme .. ..... .. .. • • • • .. 90 State Coal-mines Account (see Parliamentary Paper C-2a). State Fire Insurance Office— Fire Branch (see Parliamentary Paper H-6). Accident Branch (see Parliamentary Paper H-6a). State Forest Service .. .. .. .. .. .. .. .. 82 Swamp Land Drainage Scheme .. .. .. .. .. .. .. 102 Taranaki Maori Trust Board .. .. .. .. .. .. .. .. 108 Tuwharetoa Trust Board .. .. .. .. .. .. .. .. 110 War Damage Fund (see Parliamentary Paper B-ll). Westport Harbour Account .. .. .. .. .. .. .. ~ 112

B—l [Pt. IV]

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], 1946, 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 paper B-l [Pt. I]. (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 represents 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.

B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD General Statement of Receipts and Payments for the Year ended 31st March, 1946 Receipts £ £ £ I Payments £ Balance at bank, 31st March, 1945 .. .. 148 j Bonds and debentures: Mortgage No, 1 .. .. .. 2,134 Reserve Bank of New Zealand .. .. 2,500 Administration expenses .. .. .. .. .. 1,555 Less bond realized .. .. .. 500 Rotorua Borough Council: Ohinemutu and Tarewa sewerage 541 2,000 Loans granted— £ Proceeds one bond .. .. .. .. .. 500 Miscellaneous .. .. .. .. 1,234 2,648 Workers' dwellings .. .. .. .. 1,165 New Zealand Government statutory grant .. .. .. 6,000 2,399 Loans repayment— Grants— Miscellaneous .. .. .. .. .. 748 Maraes .. .. .. .. .. 1,422 Workers' dwellings .. .. .. .. 351 Maintenance of meeting-houses .. .. .. 209 ———- 1,099 Education .. .. .. .. .. 1,232 Contributions and subsidies— 2,863 Maraes, meeting-houses, &c. .. .. . . 420 Special grants .. .. .. .. ~ ~ l ( 492 Maintenance of meeting-houses .. .. .. 149 Deposits .. .. .. .. .. .. .. 1,248 Miscellaneous .. .. .. .. .. 83 Miscellaneous .. .. .. .. .. .. 942 652 Advances to sundry tribes .. . . .. . . .. 103 Deposits .. .. .. .. .. .. .. 1,090 Maketu general expenses .. .. .. .. .. 10 Miscellaneous .. .. .. .. .. .. 137 Library .. .. .. .. .. .. .. 8 Refunds .. .. .. .. . . . . .. 618 Sundry creditors for wages-tax .. .. .. .. 8 Arawa Maori Council .. .. .. .. . . 2 Balance at bank, 31st March, 1946 . . .. .. 132 Maketu rents, taxes, &c. .. .. .. .. .. 34 War Loan: Liberty Loan .. .. .. .. 500 Interest .. .. .. .. .. .. .. 3,137 War Bond .. .. .. .. .. 100 Advances to sundry tribes .. .. .. .. .. 118 Liberty Loan: Third stock.. .. .. .. 1,000 Victory Loan .. .. .. .. .. 500 2,232 £15,535 £15,535

B—l [Pr. IV]

Income and Expenditure for the Year ended 31st March, 1946 Part I Expenditure £ , Honorariuif rantS strict T ™ s1 sb b Boar, I (Treasury) 6,000 - •• •• :: :: :: « IM6 - 46 *■«* Erf"T e ' t :: :: :: " •• " j Maori arts and crafts maintenance 2 Discounts .. .. , ren ••••••■ • .. .. 91 Fishing licences .. ~ ~ '* '' i Shares ;; 26 J Maketu rents, taxes, &c !34 Special grants .. .. .. ~ '[ " j ggg Salaries .. .. .. .. _, ' ' gg£ Depreciation .. .. .. .. ' jgg Ohinemutu sewerage .. .. ~ 271 Interest .. .. .. ~ __] '' gQg R 1 . - 6,226 .Balance carried down .. ~ ~ ~ ~ 1 973 Part II Expenditure £ T :: :: :: '•£ • """ Balance, 31st March, 1946 20,336 Interest, 1944-45 „ 8 Net profit, 1945-46 .. .. |' '' '' 752 Balance, Ist April, 1945 .. .. .. !. 19 213 £22,516 „ 00 „ 1P £22,»16

B—l [PT. IV]

ARAWA DISTRICT TRUST BOARD— continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets Native Trustee: Mortgage No. 1 .. .. .. .. 13,137 Property Investments— £ £ Sundry creditors: Warden fees .. .. .. .. 30 Maketu Farm investment .. .. .. 36,471 Sundry accounts in credit (maintenance, meeting-houses) . . 320 Tautara No. 20a .. .. .. 110 Amounts held in trust .. . . .. . . .. 87 Whakapoungakau No. 4k .. . . . . 438 Miscellaneous . . . . . . . . . . . . 71 Harakekeroa A 2 .. . . . . .. 45 Sundry villages .. .. .. .. .. ..1,474 Maori arts and crafts buildings .. .. .. 903 Sundry tribes .. .. .. .. . . .. 17 Prentices House . . . . .. . . 387 Deposits .. .. .. .. .. .. .. 178 38,304 Loans repayment .. .. .. .. .. .. 15,904 Loans, including interest— Income and expenditure .. .. .. .. .. 20,336 Workers' dwellings .. .. .. .. 3,091 Miscellaneous .. .. .. .. .. 3,158 6,249 Sundry debtors : Ordinary, villages, tribes, Natives . . .. 4,380 Equipment, plant, &c. .. .. .. .. .. 389 Bank of New Zealand .. . . , . .. 282 Less outstanding cheques .. .. .. 150 132 War Loans investment .. .. .. .. .. 2,100 £51,554 £51,554 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,

B—l [PT. IV]

MAKETU FARM Profit and Loss Account for the Period ended 31st March, 1946 Dr. £ Cr - £ Losses on horses 134 Profit on cattleCalves Adjustment Account .. .. • ■ • • 154 Dairy .. .. .. . • . • • • • • Interest 2,078 Run . 279 Depreciation 386 Profit on sheep 902 Maintenance costs on farm 3,599 Profit on pigs .. .. 187 Profit transferred to Appropriation Account .. .. .. 954 Dairy Company shares: Interest .. .. .. •• 6 Butterfat receipts .. .. •• •• •• 4,000 Wool receipts .. .. .. • • • • • • 947 Sundry discounts .. .. .. . • • • • • 1 £7,305 £7,305 Appropriation Account Df i £ Cr. £ Balance, Ist April, 1945 5,457 Profit for year 954 Native Department administration charges 220 Adjustment Account previous year 17 L Balance, 31st March, 1946 .. .. .. .. .. 4,700 £5,677 £5,677

B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD— continued Balance-sheet (As incorporated in Arawa District Trust Board books for period ended 31st March, 1946) Liabilities £ Assets £ £ Capital Account, Arawa Trust Board .. .. .. 41,176 Buildings .. .. .. .. .. .. 3,762 Sundry creditors .. .. .. .. .. .. 76 Less depreciation .. .. .. .. 188 3,574 Implement and equipment .. .. .. .. 1,525 Less depreciation .. .. .. .. 190 1,335 Office car and garage .. .. .. .. 556 Less depreciation .. .. .. .. 7 -—— 549 Land-development .. .. .. .. .. .. 21,000 Dairy company shares .. .. .. .. .. 77 Tauranga Power Board .. . . .. .. .. 21 Debtors .. .. .. .. .. .. .. 63 Sundry Debtors: Stock .. .. . . .. .. 624 Cash at bank .. .. .. .. 1,861 Less outstanding cheques .. .. .. .. 122 1,739 Appropriation Account .. .. .. .. .. 4,706 Horses on hand .. .. .. .. .. 525 Run cattle on hand .. .. .. .. 569 Dairy cattle on hand .. .. .. .. 4,540 Sheep .. .. .. .. .. .. 1,706 Pigs .. .. .. .. .. .. 224 7,564 £41,252 £41,252 A. Mclntyke, A.E.A.N.Z., Accountant to Board. J. Z, N. Mitchell, Chairman, Arawa District Trust Board.

ELECTRIC SUPPLY ACCOUNT.— STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1946 General Balance-sheet at 31st March, 1946, compared with Position at 31st March, 1945

B—l [Pt. IV]

E. Percy, A.R.A.N.Z ~ Chief Accountant, State Hydro-electric Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor- General.

Liabilities. 31/3/46. 31/3/45. Assets. 31/3/46. 31/3/45. National Development Loans Account — At 4 per cent, interest Interest reserve, being excess of interest charged to schemes over interest actually paid on capital liability £ £ 24,082,673 60,997 £ 21,297,211 60,997 North Island schemeAssets as per separate balance-sheet Net Revenue and Appropriation Account.. £ 20,766,342 91,652 £ 20,857,994 £ 17,981,760 Sundry creditors— North Island scheme South Island scheme Surveys and General 434,682 126,385 561,067 253,399 154,670 49 South Island scheme — Assets as per separate balance-sheet 10,542,319 10,032,388 408,118 Depreciation Reserve — North Island scheme South Island scheme 2,382,622 1,226,274 3,608,896 2,069,631 1,175,970 Surveys and General 31,962 22,986 3,245,601 Loan Redemption Fund — Amount utilized for redemption of loans Available for further redemptions 3,038,239 137,043 3,175,282 2,903,701 134,538 Balance in Electric Supply Account at the end of yearCash in Public Account Imprests outstanding 59,640 10,441 3,038,239 59,640 Reserve Fund — North Island scheme South Island scheme Sundry credit balances 3,000 3,409 Totals £31,491,915 £28,053,575 Totals £31,491,915 £28,053,575 Contingent Liability Arrears of appropriation to Loan Redemption Fund £553,155 £279,068

B—l [Pt. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1946, compared with Year ended 31st March, 1945 Gross Revenue Account

— 1945 -46. 1944-45. 1945-46. 1944-45. To Generating-expenses (hydro-electric) — Arapuni Horahora Mangahao Waikaremoana (Tuai) Waikaremoana (Piripaua) £ 41,393 10,261 18,557 31,594 6,057 £ 107,862 £ 37,769 9,253 17,475 23,676 6,999 By Sales of electrical energyBulk for resale Other than for resale — Traction Industrial Retail .. £ 19,483 49,974 3,782 £ 1,828,573 | 73,239 £ £ 1,750,573 19,319 47,985 3,829 95,172 1 Qf>1 SI 9, X 9 OUl j Ola 1,821,706 16,340 487 Generating-expenses (fuel)— King's Wharf Penrose .. .. .. Huntly 165,952 13,406 2,464 181,822 126,130 8,129 973 "Rents — Land and buildings Lines and plant.. 19,078 834 19,912 135,232 16,827 Purchase of power in bulk Standby charges 278,578 32,475 219,962 32,508 Miscellaneous revenue 5,420 2,997 Transmission system: Patrol and maintenance Substations : Operation and maintenance Communication system : Patrol and maintenance Distribution: Maintenance System operation, testing, &c. Management and general expenses 600,737 02,335 72,175 10,379 1,565 28,172 187,271 482,874 52,358 71,750 5,967 1,863 24,269 146,255 Balance, to Net Revenue and Appropriation Account 962,634 964,510 785,336 1,056,194 j £1,927,144 £1,841,530 £1,927,144 £1,841,530 1

B—l [Pt. IV]

Net Revenue and Appropriation Account

Depreciation Reserve Account

— 1945-46. 1944-45. 1945-46. 1944-45. To Interest (gross) for year Less interest capitalized Depreciation on completed works Loan Redemption Fund Social Security charge, National Security tax, Income-tax £ 660,208 144,794 £ 515,414 260,767 279,981 £ 563,038 88,038 By Balance from Gross Revenue Account Transfer from Reserve Fund (Finance Act (No. 2), 1944, Section 9) Balance £ 964,510 91,652 £ 1,056,194 98,532 475,000 246,797 132,325 300,604 £1,056,162 £1,154,726 £1,056,162 £1,154,726

— 1945-46. 1944-45. 1945-46. | 1944-45. To Replacements, Renewals, <fcc. Balance £ 30,561 2,382,622 £ 8,631 2,069,631 By Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue and Appropriation Account £ 2,069,631 82,785 260,767 £ 1,761,024 70,441 246,797 £2,413,183 £2,078,262 £2,413,183 £2,078,262

B— 1 [Pt. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY—continued

Loan Redemption Fund Account — 1945-46. 1044-45. 1945-46. 1 1944-45. To Balance £ 2,025,045 £ 2,025,045 By Balance at close of previous year Amount set aside as per Net Revenue and Appropriation Account £ 2,025,045 £ 1,892,720 132,325 £2,025,045 £2,025,045 £2,025,045 £2,025,045 Reserve Fund Account To Net Revenue and Appropriation Account Balance £ £ 98,532 By Balance at close of previous year £ £ 98,532 £98,532 £98,532

B—l [PT. IV]

Balance-sheet at 31st March, 1946, compared with Position at 31st March, 1945

31/3/46. 31/3/45. 31/3/46. 31/3/45. Liabilities & & £ Assets £ £ £ Depreciation Reserve .. .. .. .. 2,382,622 2,069,631 Hydro-electric plants— Arapuni .. .. .. .. 3,016,072 2,817,870 Loan Redemption Fund — Horahora .. .. .. .. 327,018 327,101 Utilized for redemption of loans .. 2,025,045 1,892,720 Mangahao .. .. .. .. 1,374,050 1,373,836 Available for further redemptions .. .. 132,325 Waikaremoana (Tuai) .. .. 927,580 882,094 2,025,045 Waikaremoana (Piripaua) .. .. 1,032,437 1,005,989 2,025,04:5 6,677,157 6,406,888 Reserve Fund .. .. .. .. .. .. .. Fuel-plants — King's Wharf .. .. .. 339,645 339,166 Sundry creditors .. •• •• .. .. 434,682 253,399 Penrose .. .. .. .. 66,522 66,522 Sundry credit balances .. .. .. .. 235 800 Huntly .. .. .. .. 11,264 11,264 Head Office Account .. 15,923,758 13,632,885 417,431 416,952 Transmission-lines system .. .. .. 2,603,997 2,575,912 Substations 2,525,368 2,138,302 Communication system .. .. .. .. 225,351 216,908 Distribution system .. .. .. .. 71,425 69,677 Offices, stores, land, buildings, &c. .. .. 185,089 182,221 Cost of raising loans .. .. .. .. 332,533 332,978 Interest during construction — On assets in operation .. .. 1,145,918 1,118,585 On assets not in operation .. .. 278,487 162,807 1,424,405 1,281,392 Works under construction .. .. .. 5,225,281 3,266,982 19,688,037 16,888,212 Plant, motor-vehicles, and tools .. .. .. 122,722 101,832 Stocks of materials .. .. .. .. 462,091 492,356 — Sundry debtors .. .. .. .. .. 493, 492 499, 360 £20,766,342 £17,981,760 = L==== £20,766,342 £17,981,760 Contingent Liability 1 " Arrears of Appropriation to Loan Redemption .. £376,532 £103,943 Fund i i

B—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1946, compared with Year ended 31st March, 1945 Gross Revenue Account

— 1945-46. 1944-45. 1945-46. 1944-45. To Generating-expenses (hydro-electric) — Cobb River .. Lake Coleridge Waitaki Arnold (Kaimata) Highbank Monowai £ 18,622 16,348 12,908 1,750 2,725 9,006 £ £ 12,796 19,495 13,828 1,794 7,992 By Sales of electrical energy — Bulk for resale Other than for resale — Traction Industrial Retail £ 34,593 111,242 127,065 £ 673,866 272,900 £ £ 584,420 33,299 110,455 116,786 61,359 946,766 844,960 55,905 Rents — Land and buildings Lines and plant.. Generating-expenses (fuel) Stoke ., » „ ,, Dobson 1,369 10,042 11,411 837 10,079 6,303 47 6,350 5,999 123 10,916 6,122 Purchase of power in bulk Standby charges 3,714 1,634 10,027 1,315 Miscellaneous revenue 11,878 11,218 Transmission system: Patrol and maintenance Substations : Operation and maintenance Communication System: Patrol and maintenance Distribution: Maintenance System operation, testing, &c. Management and general expenses 78,118 28,255 41,189 4,756 31,303 15,950 118,126 78,163 18,365 37,376 2,141 25,901 13,188 84,250 Balance, to Net Revenue and Appropriation Account 317,697 647,297 259,384 602,916 £964,994 £862,300 £964,994 £862,300

B—l [Pt. IV]

Loan Redemption Fund Account

Net Revenue and Appropriation Account

Depreciation Reserve Account

— 1945-46. 1944-45. 1945-46. 1944-45. To interest (gross) for year Less interest capitalized £ 353,362 20,200 £ 333,162 33,399 137,043 143,693 £ 328,387 30,170 By Balance from Gross Revenue Account £ 647,297 £ 602,916 Depreciation on completed works Loan Redemption Fund Social Security charge, National Security tax, Income-tax 298,217 159,237 2,213 143,249 £647,297 £602,916 £647,297 £602,916

1945-46. 1944-45. 1945-46. 1944-45. £ £ £ £ To Replacements, Renewals, &c. .. .. .. 30,134 14,092 By Balance from previous year's statement .. .. 1,175,970 991,178 Balance .. .. .. .. .. .. 1,226,274 1,175,970 Interest at 4 per cent, per annum .. .. .. 47,039 39,647 Amount set aside as per Net Revenue and Appropriation 33,399 159, 237 Account £1,256,408 £1,190,062 £1,256,408 £1,190,062 \

To Balance £ 1,150,237 £ 1,013,194 By Balance at close of previous year Amount set aside as per Net Revenue and Appropriation Account £ 1,013,194 137,043 £ 1,010,981 2,213 £1,150,237 £1,013,194 £1,150,237 £1,013,194 |

B—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1946, compared with Position at 31st March, 1945

— 31/3/46. 31/3/45. 31/3/46. 31/3/45. Liabilities Depreciation Reserve Loan Redemption Fund — Utilized for redemption of loans Available for further redemptions £ 1,013,194 137,043 £ 1,226,274 1,150,237 £ 1,175,970 1,010,981 2,213 Assets Hydro-electric plants — Cobb River Lake Coleridge Waitaki Arnold (Kaimata) Highbank Monowai £ 629,022 859,141 1,978,668 145,922 483,573 208,301 £ £ 618,598 860,016 1,978,718 145,642 208,301 1,013,194 4,304,627 Reserve Fund Sundry creditors 3,811,275 126,385 154,670 Fuel-plants — Stoke Dobson 20,066 136,688 156,754 18,929 136,480 Sundry credit balances Head Office Account 2,765 8,036,658 2,609 7,685,945 155,409 Transmission-lines system Substations Communication system Distribution system Offices, stores, land, buildings, &c. Cost of raising loans Interest during construction — On assets in operation On assets not in operation 612,199 43,888 1,233,743 1,185,109 116,486 978,502 36,779 545,527 656,087 1,252,702 1,148,265 82,462 940,729 24,635 546,379 578,082 57,804 635,886 Works under construction 596,580 820,871 Plant, motor-vehicles, and tools Stocks of materials Sundry debtors 9,810,194 153,360 354,606 224,159 9,418,613 131,330 282,715 199,730 £10,542,319 £10,032,388 £10,542,319 £10,032,388 Contingent Liability Arrears of appropriation to Loan Redemption Fund £176,623 £175,125 1

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1947 General Balance-sheet at 31st March, 1947, compared with Position at 31st March, 1946

B—l [Pt. IV]

E. Percy, A.R.A.N.Z., Chief Accountant, State Hydro-electric Department. 1 hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby.— Sd. C. J. M. Gair, Deputy Controller and Auditor-General.

Liabilities. 31/3/47. 31/3/46. Assets. 31/3/47. 31/3/46. National Development Loans Account — At 4 per cent, interest Interest reserve, being excess of interest charged to schemes over interest actually paid on capital liability £ £ 27,945,630 60,997 £ 24,082,673 60,997 North Island scheme — Assets as per separate balance-sheet Net Revenue and Appropriation Account .. £ 24,678,107 167,606 £ 24,845,713 £ 20,766,342 91,652 20,857,994 Sundry creditors — North Island scheme South Island scheme Surveys and General 597,544 174,615 273,590 1,045,749 434,682 126,385 South Island scheme — Assets as per separate balance-sheet 11,341,943 10,542,319 Depreciation Reserve — North Island scheme South Island scheme 561,067 Surveys and General 93,957 31,962 2,729,718 1,310,741 4,040,459 2,382,622 1,226,274 Loan Redemption Fund — Amount utilized for redemption of loans Available for further redemptions 3,608,896 Balance in Electric Supply Account at the end of year — Cash in Public Account Imprests outstanding .. .. 3,175,282 173,742 3,349,024 3,038,239 137,043 136,437 27,216 59,640 3,175,282 163,653 Reserve Fund — North Island scheme South Island scheme Sundry credit balances '3,407 "3,000 Totals £36,445,266 £31,491,915 Totals £36,445,266 £31,491,915 Contingent Liability Arrears of appropriation to Loan Redemption Fund £840,676 £553,155

B—l [Pt. IV

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year ended 31st March, 1947, compared with Year ended 31st March, 1946 Gross Revenue Account

— 1946 -47. 1945-46. 1946-47. 1945-46. Generating-expenses (hydro-electric) — Arapuni Horahora Mangahao Waikaremoana (Tuai) .. Waikaremoana (Piripaua) £ 35,835 10,624 17,719 53,479 5,943 £ 123,600 £ 41,393 10,261 IS,557 31,594 6,057 Sales of electrical energy — Bulk for resale Other than for resale — Traction Industrial Retail £ 20,947 46,598 4,206 £ 1,928,716 71,751 £ £ 1,828,573 19,483 49,974 3,782 107,862 2,000,467 1,901,812 Generating-expenses (fuel) — King's Wharf Penrose Huntly 162,272 31,091 1,958 165,952 13,406 2,464 Rents —• Land and buildings Lines and plant 18,860 732 19,592 19,078 834 195,321 19,912 181,822 Purchase of power in bulk Standby charges 441,723 32,400 278,578 32,475 Miscellaneous revenue 3,178 5,420 Transmission system : Patrol and maintenance Substations : Operation and maintenance Communication system : Patrol and maintenance Distribution: Maintenance System operation, testing, &c. Management and general expenses 793,044 62,545 79,503 13,957 1,660 30,239 169,196 600,737 62,335 72,175 10,379 1,565 28,172 187,271 Balance, to Net Revenue and' Appropriation Account 1,150,144 873,093 962,634 964,510 £2,023,237 £1,927,144 £2,023,237 £1,927,144

B—l [Pt. IV

Depreciation Reserve Account

Net Revenue and Appropriation Account

Loan Redemption Fund Account

1946-47. 1945-46. 1946-47. 1945-46. £ £ £ £ £ Balance .. .. .. .. 91,652 .. Balance from Gross Revenue Account .. .. .. 873,093 964,510 Interest (gross) for year .. .. .. 788,132 660,208 Balance .. .. .. .. .. .. 167,606 91,652 Less interest capitalized .. .. .. 247,085 144,794 541,047 515,414 Depreciation on completed works .. .. .. 275,376 260,767 Loan Redemption Fund Social security charge, national security tax, .. 132,624 279,981 income-tax £1,040,699 £1,056,162 £1,040,699 £1,056,162

— 1946-47. 1945-46. 1 1946-47. 1945-46. Replacements, renewals, &c. Balance £ 23,584 2,729,718 £ 30,561 2,382,622 Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue and Appropriation Account £ 2,382,622 95,304 275,376 £ 2,069,631 82,785 260,767 £2,753,302 £2,413,183 £2,753,302 £2,413,183

— 1946-47. 1945-46. 1946-47. 1945-46. Balance £ 2,025,045 £ 2,025,045 Balance at close of previous year .. .. Amount set aside as per Net Revenue and Appropriation Account £ 2,025,045 £ 2,025,045 £2,025,045 £2,025,045 £2,025,045 £2,025,045

B—l [PT. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1947, compared with Position at 31st March, 1946

— 31/3/47. 31/3/46. 31/3/47. 31/3/46. Liabilities Depreciation Reserve Loan Redemption Fund — Utilized for redemption of loans Available for further redemptions £ £ 2,729,718 2,025,045 £ 2,382,622 2,025,045 Assets Hydro-electric plants — Arapuni Horahora Mangahao Waikaremoana (Tuai) Waikaremoana (Piripaua) £ 3,163,115 327,040 1,372,653 961,621 1,040,443 £ 6,864,872 £ 3,016,072 327,018 1,374,050 927,580 1,032,437 6,677,157 Reserve Fund Sundry creditors Sundry credit balances Head Office Account 597,544 412 19,325,388 434,682 235 15,923,758 Fuel-plants — King's Wharf Penrose Huntly 345,499 66,522 11,264 423,285 339,645 66,522 11,264 417,431 Transmission-lines system Substations Communication system Distribution system Offices, stores, land, buildings, &c. Cost of raising loans Interest during construction — On assets in operation On assets not in operation 1,180,273 491,006 2,706,304 2,927,018 230,914 70,942 212,983 332,480 1,671,279 2,603,997 2,525,368 225,351 71,425 185,089 332,533 1,145,918 278,487 1,424,405 Works under construction 8,047,317 5,225,281 Plant, motor-vehicles, and tools Stocks of materials Sundry debtors 23,487,394 209,698 521,402 459,613 19,688,037 122,722 462,091 493,492 (£24,678,107 £20,766,342 £24,678,107 £20,766,342 Contigent Liability Arrears of Appropriation to Loan Redemption Fund j £692,408 £376,532

B—l [Ft. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY Profit and Loss Account for Year Ended 31st March, 1947, compared with Year Ended 31st March, 1946 Gross Revenue Account

— 1946-47. 1945-46. 1946-47. 1945-46. Generating-expenses (hydro-electric) — Cobb River Lake Coleridge Waitaki Arnold (Kaimata) Highbank Monowai £ 12,109 18,240 14,376 2,954 6,463 10,239 £ £ 18,622 16,348 12,908 1,750 2,725 9,006 Sales of electrical energyBulk for resale Other than for resale —- Traction Industrial Retail £ 33,705 109,745 144,240 £ 778,885 287,690 £ £ 673,866 34,593 111,242 127,065 64,381 1,006,575 61,359 Rents — Land and buildings Lines and plant 946,766 Generating-expenses (fuel) Stoke „ Dobson 4,047 20,608 24,655 1,369 10,042 6,738 47 6,785 6,303 47 11,411 6,350 Purchase of power in bulk Standby charges 44,742 1,240 3,714 1,634 Miscellaneous revenue 12,979 11,878 Transmission system : Patrol and maintenance Substations : Operation and maintenance Communication System : Patrol and maintenance Distribution: Maintenance System operation, testing, &c. Management and general expenses 135,018 25,973 41,042 4,813 40,437 20,058 112,299 78,118 28,255 41,189 4,756 31,303 15,950 118,126 i Balance, to Net Revenue and Appropriation Account 380,240 706 j099 317,697 647,297 £1,086,339 £964,994 £1,086,339 £964,994

B—l [PT. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY-continued Net Revenue and Appropriation Account

Depreciation Reserve Account

Loan Redemption Fund Account

— 1946-47. 1945-46. 1946-47. 1945-46. Replacements, Renewals, Ac. Balance £ 42,954 1,310,741 £ 30,134 1,226,274 Balance from previous year's statement Interest at 4 per cent, per annum .. .. Amount set aside as per Net Revenue and Appropriation Account £ 1,226,274 49,050 78,371 £ 1,175,970 47,03!) 33,309 £1,353,095 £1,256,408 £1,353,695 £1,256, 40 8

— 1946-47. 1945-46. — 1946-47. 1945-46. Interest (gross) for year .. Less interest capitalized Depreciation on completed works .. Loan Redemption Fund Social security charge, national security tax, income-tax £ 373,100 30,344 £ 342,756 78,371 173,742 111,230 £ 353,362 20,200 Balance from Gross Revenue Account .. £ 706,099 £ 647,297 333,162 33,399 137,043 143,693 £706,099 £647,297 £706,099 £647,297 1

-— 1946-47. 1945-46. —- 1946-47. 1945-46. Balance £ 1,323,979 £ 1,150,237 Balance at close of previous year Amount set aside as per Net Revenue and Appropriation Account £ 1,150,237 173,742 £ 1,013,194 137,043 £1,323,979 £1,150,337 £1,323,979 £1,150,237

B—l [Pt. IV]

Balance-sheet at 31st March, 1947, compared with Position at 31st March, 1946

— 31/3/47. 31/3/46. 31/3/47. 31/3/46. Liabilities Depreciation Reserve Loan Redemption Fund — Utilized for redemption of loans Available for further redemptions £ 1,150,237 173,742 £ 1,310,741 1,323,979 £ 1,226,274 1,013,194 137,043 Assets Hydro-electric plants — Cobb River Lake Coleridge Waitaki Arnold (Kaimata) Highbank Monowai £ 632,790 858,875 1,979,558 147,488 504,410 209,348 £ £ 629,022 859,141 1,978,668 145,922 1,150,237 ■183,073 208,301 Reserve Fund 4,332,469 4,304,627 Sundry creditors Sundry credit balances Head Office Account 174,015 2,995 8,529,613 126,385 2,765 8,036,658 Fuel-plants — Stoke Dobson .. 20,054 136,544 156,598 20,066 136,688 156,754 Transmission-lines system Substations Communication system Distribution system Offices, stores, land, buildings, <tc. Cost of raising loans Interest during construction — On assets in operation On assets not in operation 612,894 73,538 1,235,456 1,225,036 110,949 1,008,299 37,453 543,914 686,432 1,233,743 1,185-109 116,486 978,502 36,779 545,527 612,199 43,888 656,087 Works under construction 1,149,325 596,580 Plant, motor-vehicles, and tools Stocks of materials Sundry debtors 10,485,931 167,638 414,093 274,281 9,810,194 153,360 354,606 224,159 £11,341,943 £10,542,319 £11,341,943 £10,542,319 Contingent Liability Arrears of appropriation to Loan Redemption Fund £148,268 £176,623

B—l [Pt. IV]

HATJRAKI PLAINS SETTLEMENT ACCOUNT Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments Ordinary Revenue Account— £ Ordinary Revenue Account— £ Territorial Revenue : Rents, &c. .. .. .. 5,476 Vote, " Lands and Survey " : Drainage works— Other receipts : Miscellaneous— Stop-banks, clearing channels, and other expenditure incidental Rates .. .. .. .. .. .. 3,321 to conducting drainage operations (including formation and Miscellaneous .. .. .. .. .. 901 metalling of roads), materials supplied, &c. .. .. 7,963 Credits-in-aid : Vote, " Lands and Survey " .. .. 3,485 Maintenance of completed works .. .. .. 2,852 Land for Settlements Account: Miscellaneous .. .. 1 Kaihere Ferry expenses .. .. . . .. 435 Public Works Account: Finance Act, 1932, section 7 (4) .. 4,427 Transfer to— Land for Settlements Account .. .. .. .. 1 Public Works Account .. .. .. .. .. 4,427 Treasury Adjustment Account .. .. .. .. 1,933 £17,611 £17,611 Revenue Account for the Year Ended 31st March, 1946 Dr. £ Cr. £ Interest on capital .. .. .. .. .. 6,097 Accrued rents .. .. .. .. .. .. 5,132 Administration expenses, rebates, and remissions .. .. 815 Accrued interest on sales of land, &c. .. .. .. 1,818 Kaihere Ferry (net cost of operating) .. .. . . 158 Miscellaneous receipts : Amount previously written off .. 18 Writings-off .. .. .. .. .. . . 183 Loss for year carried down .. .. .. .. 285 £7,253 £7,253 £ £ Net loss brought down .. .. .. .. .. 285 Balance carried forward : Loss to 31st March, 1946 .. .. 381, 105 Balance from previous year .. .. .. .. 380, 820 £381,105 £381,105 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or interest accrued to, but not payable at 31st March, 194-6.

B—l [Pt. IV]

Rate Account for the Year ended 31st March, 1946 Dr. £ O, £ £ Balance at Ist April, 1945 .. .. .. .. .. 577 Rates levied for 1945-46 .. .. .. .. 3,365 Maintenance of completed works .. .. .. .. 3,069 Penalty on 1945-46 rates .. .. .. .. 51 Remissions .. .. .. .. .. .. 2 3 416 Balance at 31st March, 1946 .. . . .. .. 232 £3,648 £3,648 Treasury Adjustment Account for the Year ended 31st March, 1946 Dr. £ Or. £ Capital Account .. .. .. .. .. .. 3,549 Balance at Ist April, 1945 .. .. .. .. 382,139 Receipts and Payments Account .. .. .. .. 1,933 Interest on loan capital .. .. .. .. .. 6,097 Transfers to Lands and Survey Department Account: Administration expenses -274 Rangitaiki Land Drainage .. . . . . .. 12 Swamp Land Drainage . . .. .. . . . . 40 Balance, 31st March, 1946 , . . . . . . . 382,976 £388,510 £388,510

B—l [Pt. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities Assets Capital Account— £ £ £ Improved lands handed over to Land Board for settleLoan capital .. .. .. 800,371 ment— £ £ Less redemption .. .. .. 665,000 Leased .. .. .. .. .. 80,554 135,371 Unleased .. .. .. .. .. 744 Capital provided from Ordinary Revenue Account .. 19,444 Unpaid purchase money for land sold on deferred Value of Crown land set apart under Act .. .. 45,000 payment .. .. .. .. .. 39,635 Transferred from Discharged Soldiers Settlement 120,933 Account .. .. .. .. .. 405 Unimproved value of lands .. .. .. .. 14,692 — Works in progress : Expenditure on land in course of 200,220 reclamation, including formation and metalling of Less cash to credit of Land for Settlements Account 3,240 roads .. .. .. .. .. 709,779 — 196,980 Less amount written off .. .. .. 665,000 Employment Promotion Fund: Capital .. .. .. 10,084 44,779 Consolidated Fund: Capital .. .. .. 6,112 Capital expenditure— Sundry creditors .. .. .. .. .. 149 Employment Promotion Fund .. .. .. .. 10,084 Payments in advance .. .. .. .. .. 745 Consolidated Fund .. .. .. .. .. 6,112 Writings-off in Suspense .. .. . . . . .. 197 Artesian wells : Crown lands .. . . .. . . 217 Treasury Adjustment Account .. .. .. .. 382,976 Buildings .. .. .. .. .. .. 582 Machinery, plant, and tools . . . . .. .. 5,397 Stores .. .. .. . . . . .. .. 5,889 DebtorsRates . . . . . . . . .. 439 Rents, &c. .. .. .. . . .. 153 Miscellaneous .. .. . . . . .. 6,359 6,951 Postponed rent . . . . . . . . .. . . 52 Cash in transit .. . . .. . . .. . . 21 Rate Account .. . . . . . . .. .. 232 Losses in Suspense .. . . . . .. . . 197 Revenue Account .... . . . . . . 381, 105 £597,243 £597,243 D. M. Greic, Under-Secretary for Lands. G. I. Beeson, Chief Accountant. I hereby certify that the Rate Account, the Revenue Account, and the Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].—J. P. Rutherford, Controller and Auditor- General.

B—l [Pt. IV]

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST AND PUBLICITY Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure ' Income Excess of expenditure over income after charging Excess income over expenditure after charging interest and interest and portion of Head Office administration portion of Head Office administration expenses— £ expenses— £ £ Rotorua electric .. .. .. .. .. 5,458 Industries and Commerce Branch .. .. 962,438 Hotel Waitomo and Caves .. .. .. .. 1,006 Sydney and Melbourne office .. ... .. 22,725 Balance (being excess expenditure over income) .. .. 1,063,720 London office .. .. .. .. .. 1,775 986,938 Te Aroha .. .. .. .. .. 4,383 Rotorua— Baths .. .. .. .. .. 20,924 Sanatorium .. .. .. .. .. 14,642 Gardens .. .. .. .. .. 7,651 Water and drainage .. .. .. .. 3,907 Reserves .. .. ... .. 4,159 Wharves and beacons .. .. .. 222 Waimangu Round Trip .. . . .. .. 1,056 Tokaanu Hotel .. .. .. .. 1,138 Chateau Tongariro .. .. .. .. 142 Lake House, Waikaremoana .. .. .. 2,133 Morere Hot Springs . . .. .. , . 584 Hermitage Hotel .. .. .. .. 2,987 Te Anau Hotel . . .. .. .. 1,184 Queenstown . . . . .. .. .. 1,158 Milford Hotel and Track, Cascade Creek Camp, and Te Anau steamer .. .. .. .. 4,438 Miscellaneous reserves and Little Barrier .. .. 820 Publicity Branch .. .. .. .. 4,616 Passenger Booking Branch .. .. ... 3,444 Expenses of minor agencies overseas .. .. 259 Subsidies to inland mail-services .. .. .. 1,136 Miscellaneous expenditure not apportioned .. 797 Interest on National Development Account .. 1,466 83,246 £1,070,184 £1,070,184

B—l [Pt. IV]

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST AND PUBLICITY— continued Treasury Adjustment Account for Year ended 31st March, 1946 Df. £ ~ Receipts : Ordinary revenue 180,424 Expenditure: Consolidated Fund 1 256 779 rw? in Wif? • " i+ A "■! ,n«" " 350 Assessed rent > Government buildings (Public Works DepartCasn in bands of receivers, Ist April, 1945 .. .. 1,817 ment) .... oq Recoveries on account of expenditure in previous vears: Con- '' '' ' ' " '' solidated Fund .. .. .. " .. .. 2,088 £1 S7? Lands and Survey Department : Transfer of land .. ..1,736 ' ' Interest on public moneys . . .. .. .. 67 Balance— £ Services rendered to- As at Ist April, 1945 761 958 Customs Department 40 Brought down .. ! loesloSl Internal Affairs Department .. .. .. .. 100 Interest on capital .. .. .. . 26 350 Mental Hospitals Department: Interest and depreciation Cash in hands of receivers, 31st March, 1946 " 4'879 charged m respect of Chateau Tongariro .. .. 5,219 " " Balance carried down .. .. .. .. 1,065 031 £1,256,872 £ Income and Expenditure Account .. .. .. 739,162 Capital Account: Adjustment Consolidated Fund capital .. 17,'256 Balance .. .. .. .. .. .. 1,101,800 ■ £h^2lB

B—l [Pt. IV]

O O 10 TH i CO O OS o CO CO CM l> »-H CO io <** ! I I I 1 *+=> ■ S 3 o s § «D 'S . . . - ° * '• I «& | ;§ g fl CD k -g : :: S 4 § | s " a "S s § h S# :*§ H®§ 8 § CO g £ -g 3 § pq h Jj BJ>J:.g -8 H g -sills # C 5 a a-3 EL 3_2 g » g § S-H a « §aJ op^ o & 0 !» CO ©CI I B ffl O X H H S H © =rt-»©ioi©ciioo t> ) pa H « Jg j 1 § 3 OQ W EH <J {25 P4. P o O . . -§ cis S5 i—f M rt o £ CD OQ CO d 0> 1 : : : |H 1 W Q.-*^ -1 * a3 § ® h S§6oe3£;a O --J3 illiilSs-i "§•««££.§ g| $

B—l [ Pt. IV

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST AND PUBLICITY— continu ed Balance-sheet as at 31st March, 1946 Liabilities Assets £ Capital— £ £ Land .. .. .. .. .. .. .194,065 Consolidated Fund .. .. .. .. 17,256 Buildings .. .. .. .. .. .. 253,476 Public Works Fund .. .. .. .. 780,441 Stores .. .. .. .. .. .. 48,465 Unemployment Fund .. .. .. 331 Motor-vehicles .. .. .. .. .. 4,845 798,028 Live-stock .. .. .. .. .. .. 477 Creditors— Furniture and fittings .. , . .. .. .. 38,859 Departmental .. .. .. .. 6,704 Debtors— £ Sundry .. .. .. .. .. 29,839 Departmental .. .. .. .. 16,903 36,543 Sundry .. .. .. .. .. 13,578 Passenger booking— 30,481 Ticket Sales Accomit .. .. .. .. 85,036 Water and drainage system .. .. .. .. 82,388 Deposits on Tours Account .. .. .. 7,309 Rotorua electric system: Land, transmission line, buildings, &c. 110,470 Suspense Account .. .. .. .. 489 Plant and machinery .. .. .. .. .. 9,056 9 2,834 Wharves and slipways .. .. .. .. .. 2,221 Reserve for doubtful debts .. .. .. .. 633 Electric system at hotels .. .. .. .. 25,535 Writing-off reserve .. .. .. .. .. 429 Steamer, launches, and boats .. .. .. .. 1,488 Deposit Account, Rotorua .. .. .. .. 999 Bridges .. .. .. .. .. .. 2,195 Treasury Adjustment Account . . . . . . 1,101, 800 Garden implements .. .. . . .. .. 238 National Development Account .. .. .. .. 36,647 Linen, crockery, cutlery, silverware, &c. .. .. 21,474 Telephone lines .. .. .. .. .. 1,218 Gas-testing equipment .. .. .. .. .. 200 Refrigeration plant (London) : Half-share .. .. 31 Exhibition material . . . . .. .. .. 169 Photographic apparatus .. .. .. .. 12,273 Assets in suspense .. .. .. .. .. 429 Cash in hands of receivers .. .. .. .. 4,879 Advance: Rotorua Golf Club .. .. .. .. 1,179 Cash on deposit— Rotorua Office .. .. . . . . .. 129 At bank .. .. .. .. .. .. 16,056 Receiver- General's Deposit Account .. .. .. 56,870 Remittances in transit, and outstanding balances at Tourist Bureaux .. .. .. .. .. .. 11,733 Income and Expenditure Account: Excess expenditure over income .. .. .. .. .. .. 1,063,720 £2,031,266 £2,031,266

B—l [Pt. IV]

t I H g c 3 © ft M PH « g © rj O ® rH o w JSJ © S a a a «■§ § r£ a ti <D R §3 133 o -3 cs t * I" b "SI 12 EH © P~> S ® £ "3-g § 0 T* .£§ 1 ~-> r—t £j r£ £ <D H >n 23 © M to § J3 Soft -5 en "° ° en £ © 2 1:§ © 8 1 * US a -S « g I n "S ® .S © 8,3 2r ft ® 53 ri 2©i o © So § I-S § n n -p 05 o g =8 ri CQ © K cS "43 43 2 © -+§ _, cs os Pl H a 1= 43 & o « if j J "8 © § I 8 s, ISB J § & « .Jh ? <D c 3 a «s • • • igig^. S=i Pi 6i cS §.211 a«-5 eY TS © -H P-t si !•■§ ri O rrt ©9 ° 5 d © R g d os <3 s ©2 © w rd S 3 -2 _p O ?n g cS © =3 43 f 5f § £•1 ° •3 9 S§ * £ nil H.L c 3 H 43 ob g >« . © Q, 2 t . -p Sb

B—l [Pt. IV]

_< CT) rr\ (ft (N«QO WO S X 2g |l ; § « « [ -< ■» -< S <N ci I EZ oo o a I rl ® c 5 ffi i «rt I It. : : £ : : op H 3 ■s* S £ 1::= : : S s i | § IT £ - s I |(g §3 £ :* ■ : : % 3 3 I ® £ y -I ?C P Oi S SH -P h § a ■* cs k 13 fcr 2 o S3 £ | : £j : • I 5 H S c ® O o ? .2 ft ® s2 s g*! s-c s P3 $ -2 « «3 w.fe -p p fl § & >5 •• ® | g * ROn &ObKW§/ii .tf * jrj&T I£ 8 § o S m t>>B eg 111 aaasa 3 g 0 _____ SJr<M^«CCO<MI>I>t~OOOi—iC^COCOQOi—IO H I 00 0 B W © | O<N<M>o CO SO -rtf CO g & B =+ j'~l t^ Ti l co ' ; ' I,> ® ® <o eo MI | <M (son® to - H ■*°° "* 5-f C-fcO CO -Ttl-" PH r* ei 00 M ~ 2 5 22 § . § H O «rt I w as w : : : : ■¥> ....... g B ® 1? £ 02 P K> 43 Is | 1 I d 5 £ £ ffi p=. a * . .* c I § -Ms ..::::: H ►? g „ a ft & Wflgs 1 :::i::.;:!jtl: :::::: : |:::: 5 & . I JjsS ® §f g jf« | 2--s°H -s ll I :: : § :J:: 1 f $ I: : § : : :f® : : : £ -Jg 03 2mg g ft &£ a'g®® B|hl S3 Sri $ §1 "J-g ® - S i «ss3 -°g ::: Hli :: s1 H |i'||l|:: Jll:||, pi - S § b rrt H'cs'w Sfi® « § S ■a43sS®®42®ft°g !S3 .a' rt S2 !D , ®®£.S 2 Is -g £ ce 3 o gun © d 8 .s pS gaaa /S £ cs^Sg®®^.

B—l [Pt. EV]

DEPARTMENT OF TOURIST AND HEALTH RESORTS Working Accounts for the Year ended 31st March, 1946

2—B-l [Pt. IV]

— Hotel WaitOmo and Caves. Lake House, Waikaremoana. Mount Cook Hermitage. Te Anau Hotel. Hotel Milford, Track, Cascade Creek, Te Anau Steamer. The Chateau. Tokaanu Hotel. Miscellaneous Reserves. Publicity. Total. Expenditure Stores on hand, 1st April, 1945 Salaries and wages . Stores purchased Electric light and water Advertising, books, &c. Building renovations, &c. Freight, repairs, travelling-expenses, &c. Folders, booklets, posters Miscellaneous publicity Depreciation Writings-off £ 209 5,525 2,471 859 54 275 386 1 j 800 30 £ 1,014 2,454 2,113 556 53 118 349 1,054 £ 2,571 6,180 8,952 115 1,408 4,171 3,154 £ 1,286 2,315 3,524 "60 823 658 973 9 £ 1,009 1,076 910 43 221 758 1,860 £ 48 35 £ 1,033 4,183 10,952 96 1,145 1,069 619 £ 298 201 i72 £ 14,707 21,028 3,756 360 2,903 983 3,980 271 254 1,745 46 £ 21,829 43,107 32,678 1,775 3,324 4,973 11,607 271 254 11,377 85 Sub-totals Head Office expenses Interest on capital 11,609 545 1,627 7,711 382 709 26,551 648 2,516 9,648 418 797 5,877 270 1,034 83 73 19,097 586 506 671 100 235 50,033 1,764 977 131,280 4,786 8,401 Totals 13,781 8,802 29,715 10,863 7,181 156 20,189 1,006 52,774 144,467 Receipts Ordinary revenue receipts Stores on hand, 31st March, 1946 £ 14,548 239 £ 5,476 1,193 £ 23,794 2,934 £ 8,246 1,433 £ 1,431 1,312 £ 14 £ 18,022 1,029 £ 186 £ 39,040 9,118 £ 110,757 17,258 Excess of income over expenditure Excess of expenditure over income 14,787 1,006 6,669 2J33 26,728 2 j 987 9,679 1J84 2,743 4 j 438 14 i42 19,051 i',m 186 *820 48,158 4 j 616 128,015 1,006 17,458

B—l [Pt. IV]

DEPARTMENT OF INDUSTRIES AND COMMERCE, TOURIST AND PUBLICITY— continued DEPARTMENT OF TOURIST AND HEALTH RESORTS— continued Working Accounts for the Year ended 31st March, 1946— continued

.2 g . ! | | g §P • 1 o if a * m 1 a *3 | *1 ■ §5 1 — -g g §-S 3>S §1 gg spq 3| 6 | 2 1 l! li p . ii |i n is 1 i i Expenditure ££££££££££££ Stores at 1st April, 1945 .. .. 107 .. 493 38 182 .. .. .. 20 .. .. 840 Salaries and wages .. 3,871 21,282 5,494 6,047 9,189 1,849 1,278 21 1,282 503 1,053 51,869 Repairs, telephones, freight, &c. .. 169 159 251 3 237 54 1 108 6 14 1,002 Purchase of stores .. .. 261 2,292 4,072 828 7,528 613 315 17 545 121 33 16,625 Laundry expenses .. .. .. 1,438 163 .. .. .. .. .. .. .. .. 1,601 Electrical energy and water charges . . 58 1,774 186 335 16,174- 307 8 .. 21 17 18,880 Administration expenses .. .. 593 1,206 1,283 868 4,018 1,665 1,715 28 472 .. .. 11,848 Building renovations .. .. 26 143 219 .. .. .. .. .. .. 17 6 411 Advertising, books, &c. .. 18 69 59 2 41 32 .. 2 31 254 Refund of earnings to Health Depart- . . .. 687 . . .. . . .. .. .. .. .. 687 ment Services rendered to baths .. .. .. 910 .. .. .. .. .. .. .. .. 910 Depreciation .. .. .. 398 4,041 612 359 4,025 2,567 180 127 126 185 56 12,676 Writings-off .. .. . 44 158 159 11 53 15 175 8 .. 623 Sub-total .. .. 5,545 32,562 14,588 8,491 41,447 7,102 3,672 193 2,563 853 1,210 118,226 Head Office expenses .. .. 316 332 347 172 703 428 154 .. 155 102 113 2,822 Interest on capital .. .. 467 3,049 218 738 4,381 2,933 920 42 53 194 149 13,144 Totals .. .. .. 6,328 35,943 15,153 9,401 46,531 10,463 4,746 235 2,771 1,149 1,472 134,192 Receipts ££££££££££££ Miscellaneous receipts .. .. 1,646 13,747 183 1,525 51,890 6,538 22 13 1,597 551 301 78,013 Rents receivable .. .. .. 212 362 71 157 78 18 501 .. 89 14 13 1,515 Stores on hand, 31st March, 1946 .. 87 257 68 21 .. .. 29 .. 462 Services rendered to sanatorium .. .. 910 .. .. . . . . .. .. .. .. .. 910 Interest on advance .. .. .. .. .. .. . . .. 64 .. .. .. .. 64 1,945 15,019 511 1,750 51,989 6,556 587 13 1,715 565 314 80,964 Excess of income over expenditure .. .. .. .. .. 5,458 . . .. .. . . . . .. 5,458 Excess of expenditure over income .. 4,383 20,924 14,642 7,651 .. 3,907 4,159 222 1,056 584 1,158 58,686 1==== ===== ===== — == — — ===== ===== === - '

B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year ended 31st March, 1946 Dr. Cr. Expenses of a general nature— £ Revenue of a general nature— £ Interest on capital— Interest on investments in Public Account .. .. 860 Loans .. .. .. .. .. .. 337,713 Interest on funds in Small Farms Account .. .. 92,646 Value of Crown land in estates . . . . .. 8,478 Revenue derived from estates— Accumulated funds of Cheviot Estate .. . . .. 6,484 Rents .. .. .. .. .. .. 452,915 Other Departments and funds .. .. .. .. 2,848 Interest on sales— Interest payable under section 208, Land Act, 1924 .. 570 Land .. .. .. .. .. .. 16,331 Audit fees .. .. .. .. .. .. 250 Buildings .. .. .. .. .. .. 4,184 Expenses referring to estates— Miscellaneous interest, &c. .. .. .. .. 69 Capital losses on revaluation, reallotment, &c. .. 40,334 Royalties .. .. .. .. .. .. 828 Administration charges : Salaries, &e. .. .. ~ 1,157 Land-development revenue— Administration expenses .. .. . .. 8,869 Rents .. .. .. .. .. .. 5,114 Rebates .. .. .. .. .. .. 33,109 Interest on sales, &c. .. .. .. .. .. 931 Remissions of rent, &c. .. .. .. .. .. 9,925 Interest on advances .. .. .. .. .. 7,027 Rents, &e., written off .. .. .. . . .. 799 Interest earned on sundry blocks farmed by the Department .. 528 Protection of securities: Repairs, &c. .. .. .. 618 Profit on disposal of developed blocks .. .. .. 4,689 Expenses chargeable to land-development revenue— Miscellaneous .. .. .. .. .. .. 6 Administration expenses .. .. .. .. 322 Revenue derived under the Deteriorated Land Act, 1925 : Interest Rebates .. .. .. .. . . .. 877 on advances .. .. .. .. .. .. 14-2 Remissions of rent, &c. .. .. .. .. .. 211 Rents, &c., written off .. .. .. . . .. 968 Compensation for injuries to workmen .. .. .. 60 Miscellaneous . . . . .. .. .. . . 1 Expenses chargeable on revenue dervied under the Deteriorated Land Act, 1925— Administration expenses .. .. .. .. 4 Rebates .. .. .. .. .. .. 13 Balance: Surplus for year carried down .. .. .. 132,660 £586,270 £586,270 £ Balance brought forward .. .. .. .. .. 199,802 £ Interest on capital moneys received from sale of Crown lands Surplus for year ended 31st March, 1946, brought down .. 132,660 (section 13, Land Laws Amendment Act, 1926) .. .. 127,439 Balance carried forward : Deficiency to 31st March, 1946 194,581 £327,241 £327,241 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or interest accrued to but not payable at, 31st March, 1946.

B—l [Pt. IV]

LAND FOE SETTLEMENTS ACCOUNT— continued Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments Balances at beginning of year— £ £ Vote" Land for Settlements Expenditure"— £ £ Cash .. .. .. .. .. 116,637 Salaries .. .. .. .. .. 1,066 Imprests outstanding .. .. .. 27,200 Accident compensation .. .. .. 78 Investment securities .. .. .. 600,000 Acquisition of land and interest therein .. 2,742 743,837 : Administration expenses— £ Transfer from National Development Loans Account 1,500,000 Development expenditure .. .. 1,120 Sales and capital receipts— Hutt Valley settlement .. .. 114 Estates and developed areas— £ Settlements .. .. .. 9,206 Estates .. .. .. .. 105,429 10,440 Buildings on estates .. .. 6,059 Advances for development of occupied Land developed under Land Laws land .. .. .. .. .. 9,196 Amendment Act, 1929 .. .. 7,441 Audit fees .. .. .. .. .. 250 Buildings on land developed under Development operations on unoccupied Land Laws Amendment Act, 1929 .. 41 land— 118,970 Development operations— Crown lands: Section 20, Land Act, 1924 .. 190,367 Chattels .. .. .. 202 Land Act, 1924, section 208: Capital Development wages .. .. 618 value of land .. ... .. .. 678 Materials and services .. .. 1,711 Repayment of advances— 2,531 Land Laws Amendment Act, 1929— Farming operations— Current Account advances .. 9,445 Live-stock .. .. .. 982 Instalment mortgage advances .. 5,498 Seasonal expenditure .. .. 3,202 Realization Account .. .. 1,541 Seasonal wages .. .. .. 2,650 16,484 6,834 Deteriorated Land Act, 1925 : In- Grants to County Councils for maintenance stalment mortgage advances .. .. 285 of roads serving lands farmed by DepartBenmore loan advances .. . . . . 60 ment .. .. .. .. .. 77 Miscellaneous advances .. .. .. 4 Improvement to and protection of settle326,848 ment land .. .. .. .. 1,092 Rents and interest from estates, &c.— Lodgments on account of capital values Rents— £ of leases— Derived from estates .. .. 339, 398 Interest on .. .. . . 570 Land developed under Land Laws Refunds of .. .. .. 191 Amendment Act, 1929 .. .. 3,764 761 Hutt Valley land .. .. .. 27 Payments for improvements to outgoing lessees 2,674 Interest— Travelling allowances and expenses .. .. 109 Derived from estates .. .. 22,214- Transfer from Hutt Valley Settlement receipts Buildings on estates .. .. 3,491 (Finance Act, 1932, section 11) .. .. 10,000 Land developed under Land Laws 47,850 Amendment Act, 1929 .. .. 1,032 Interest on capital liability .. .. .. .. 400,000 Buildings on land developed under Interest and other charges on loans . . . . . . 96,841 Land Laws Amendment Act, 1929 .. 31 Expenditure charged on proceeds of sales of land . . .. 19,722

B—l [Pt. IV]

Hutt Valley land .. .. .. 3,432 Transfers: Finance Act, 1932 (No. 2), section 6 .. .. 87,111 — 373,389 Expenditure referring to other Departments and .Royalties .. .. .. .. .. 877 funds— 374,2(36 Vote " Small Farms Development" .. .. 3,168,722 Interest on advances— Vote " Native Land Settlement" .. .. 929,027 Land Laws Amendment Act, 1929— 4 097 749 Current Account advances .. .. 3,385 Balances at 31st March, 1946 Instalment mortgage advances .. 4,727 Cash .. .. .. .. .. 108,410 8,112 Imprests outstanding .. .. .. 23,358 Deteriorated Land Act, 1925— 131 75s Current Account advances .. .. 15 Instalment mortgage advances .. 144 159 Benmore loan .. .. .. .. 51 8,322 Sales of produce, live-stock, and miscellaneous receipts— Seasonal and live-stock .. .. .. 5,994 Chattels .. . . .. .. .. 7 Land and improvements . . .. .. 6 Wages subsidy .. .. .. .. 290 Railway maintenance .. . . .. 886 Apanui Drainage maintenance .. .. 30 Insurance .. . . . . .. .. 9 Valuation fees .. .. .. .. 6 7,228 Interest on investments . . .. .. .. 1,033 Receipts referring to other Departments and funds— Hauraki Plains .. .. .. .. 1 Crown Lands Account .. .. .. 299 Small Farms Account— £ Capital receipts .. .. .. 327,048 Grant from Consolidated Fund .. 8,486 Receipts from development schemes 741, 139 Sale of surplus and obsolete stores .. 217 1,076,890 Survey liens .. .. .. .. 1,431 Native-land development— Miscellaneous receipts .. .. 3,076 Grant from Consolidated Fund .. 100,000 Receipts from development schemes 707,920 810,996 Native Housing Act, 1935 .. .. .. 29,890 1,919,507 £4,881,041 £4,881,041

B—l [PT. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities Assets General General Capital— £ £ £ Loans .. .. .. .. .. 9,311,188 Cash in the Public Account .. .. .. .. 131,788 Crown lands included in estates .. .. 211,940 Moneys advanced to— £ Cheviot Estate Account (see subsidiary accounts Small Farms Account .. .. .. 3,670,689 attached) .. .. .. .. 164,014 Native Land Development Account .. .. 56,776 Sales of Crown land under section 20, Land Act, 3,727,465 1924 .. .. .. .. .. 3,356,619 Consolidated Fund: Interest, Small Farms Account .. 113,925 Capital transferred from Discharged Soldiers Losses in Suspense .. .. .. .. .. 1,953 Settlement Account .. .. .. 4,789 Revenue Account: Loss to 31st March, 1946 .. .. 194,581 Cash referring to other Departments and funds— £ Estates Rangitaiki Drainage District Account 96 Land— Hauraki Plains Account .. .. 3,240 Leased .. .. .. .. .. 8,653, 492 Crown Lands Account .. .. 865 Unleased .. .. .. .. .. 54,287 Survey Liens Account .. .. 6,283 8,707,779 Swamp Land Drainage Account .. 530 Provisional State forest .. .. .. .. 3,158 Native Housing Act, 1935, Account .. 73,751 Buildings and improvements unsold .. .. .. 3,214 84,765 Advances on mortgage: Section 35, Finance Act, 1940 .. 147 13,133,315 Sales debtors— Deposits by lessees: Section 208, Land Act, 1924 .. 34,653 Buildings, &c. .. .. .. .. 71,707 Consolidated Fund: For interest due— Land .. .. .. .. .. 404,493 On loan capital .. .. .. .. 362,082 476,200 On funds of other Departments and Plant and machinery .. .. .. 3,835 accounts— £ Less depreciation .. .. .. .. 3,451 On Crown Lands Account .. 55 384 On Hauraki Plains Account .. 439 Loading on Otago University endowment leases: On Native Housing Account .. 4,542 Capital .. .. .. .. .. .. 1,061 On Native Land Development Account 5,002 Debtors for— On Rangitaiki Drainage Account . . 6 Rents, royalties, instalments, &c. .. .. 50,418 On Survey Liens Account .. 523 Postponed charges .. .. .. .. 5,703 On Swamp Land Drainage Account 71 Departmental and miscellaneous .. .. 4,254 10,638 60,375 On capital moneys received from sale of Crown Realization Account .. .. .. .. .. 380 lands (section 13, Land Laws Amendment Act, 1926) .. .. .. .. .. 127,439 Land-development 500,159 Land— Reserve for losses on assets transferred from Leased .. .. .. .. .. 87,603 Discharged Soldiers Settlement Account . . .. 8,191 Unleased .. ~ ~ .. .. 11,007 Writings-off in Suspense .. .. ~ ~ 1,953 98,610

B—l [Pt. IV]

Hutt Valley Land Settlement Account (see I Sales debtors— subsidiary accounts attached) .. .. .. 3,199 I Buildings, &c. .. .. .. .. 2,494 Land .. .. .. .. .. 17,619 Estates 20,113 Payments in advance : Rents and instalments .. .. 7,506 Mortgage outstandings (not yet payable)— Sundry suspense accounts .. .. .. .. 494 Current Account .. .. .. .. 59,910 Sundry creditors: Departmental and miscellaneous .. 1,318 Instalment mortgage .. .. .. 107,544 167,454 Land-development Crown and settlement lands under development .. .. 23,250 Land set aside : Section 8, Land Laws Amendment Expenditure on development of Crown and settleAct, 1929— £ ment lands— Areas under development: Crown lands .. 35,587 Improvements .. .. .. ~ 6,391 Settled areas— Chattels .. .. . . .. .. 1,430 Crown lands .. .. .. .. 32,898 Seasonal and live-stock .. .. 11,325 Primary education endowment lands .. 178 19,146 —-- 68,663 Sundry debtors for— Payments in advance: Rents and instalments .. .. 1,642 Rents, instalments, water levies, &c. .. 4,485 Free capital from Consolidated Eund .. .. .. 1,338 Departmental and miscellaneous .. .. 51 Accrued interest on capital expenditure .. .. 3,862 4,536 Free capital on blocks disposed of .. .. . . 386 Realization Account .. . . .. .. .. 2,341 Subsidies in respect of blocks disposed of .. .. 386 Unrecouped interest on development expenditure .. 3,862 Improvements Unsold Account: Blocks .. 1,076 Deteriorated Land Act, 1925 Mortgage outstandings— Current Account .. .. .. .. 513 Instalment mortgage .. .. .. 2,891 3,404 Sundry debtors for interest and principal instalments .. 11l £13,766,679 £13,766,679 D. M. GrREiG, 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 8.-l [Pt. IV] and to the following comments : (a) 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 ; (b) the audit of the accounts of the Nelson Land District is not yet completed.— J. P. Rutherford, Controller and Auditor- General.

B—l [Ft. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued CHEVIOT ESTATE ACCOUNT (Subsidiary to Land for Settlements Account) Revenue Account foe the Year ended 31st March, 1946 Dr. £ Or. £ Interest on accumulated funds (£464,832) .. .. .. 18,593 Interest on funds in Land for Settlements Account (£162,093) .. 6,484 Administration expenses .. .. .. .. .. 717 Rents, &c. .. .. .. .. .. .. 18,209 Rebates ... .. .. .. .. .. 1,461 Interest on sales of land and buildings . . .. .. 1,082 Remissions of rent and interest .. .. .. .. 15 Balance: Profit for year carried down .. .. .. 4,989 j £25,775 £25,775 £ £ Transfer to Reserve Account .. .. .. .. 4,989 Balance brought down .. .. .. .. .. 4,989 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or interest accrued to but not payable at, 31st March, 1946. Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ Capital: Accumulated Fund .. .. .. .. 464,832 Cash paid to Land foi Settlements Account .. .. .. 164,014 Reserve Account .. .. .. .. .. 29,126 Land— £ Rents paid in advances .. .. .. .. .. 19 Leased .. .. .. .. .. 302,107 Unleased .. .. .. .. .. 325 302,432 Sales debtors (not yet payable)— Land .. . . .. .. .. 26,679 Buildings .. .. .. .. .. 124 26,803 Sundry debtors : Rents and interest . . .. .. 708 Postponed rent .. .. . . . . .. .. 20 £493,977 £493,977 D. M. GrREiG, Under-Secretary for Lands. G. I, Beeson, Chief Accountant,

B—l [Pt. IV]

HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ Gr. £ Administration expenses .. .. .. .. .. 113 Gross profit on sales of land .. .. .. .. .. 300 Miscellaneous expenditure .. .. .. .. .. 3 Interest on sales .. . . .. .. .. 3,198 Rebates .. .. .. .. .. .. .. 21 Rent .. .. .. .. .. .. .. 43 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. .. .. .. .. 3,404 £3,541 £3,541 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made for rent charged in advance of, or interest accrued to but not payable at, 31st March, 1946. Profit and Loss Appropriation Account for the Year ended 31st March, 1946 Dr. £ Gr. £ Balance carried forward: Profit earned to 31st March, 1946 .. 227,972 Balance brought forward .. .. .. .. .. 224,568 Profit for year transferred .. .. .. .. 3,404 £227,972 £227,972

B—l [Pt. IV

HUTT VALLEY LAND SETTLEMENT ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities Assets £ Moneys provided by Land for Settlements Account for— £ £ Land on hand .. .. .. .. .. .. 1,180 Purchase of land .. .. .. .. 164,982 Sales debtors (not yet payable) .. .. .. 65,744 Street-formation .. .. .. .. 206,888 Sundry debtors— Incidental expenses .. .. .. .. 21,858 Instalment— £ Principal .. .. .. .. .. 3,446 393,728 Interest .. .. .. .. .. 1,973 Interest on capital provided .. .. .. 81,666 Rents .. .. .. .. .. 87 5,506 475,394 Profits transferred to Railways Department— Less deduction under section 11 (2) (a) of the Hutt Profits realized in cash and paid to Railways DepartValley Land Settlement Act and section 11 (2) of ment .. .. .. .. .. 125,969 Finance Act, 1932 .. .. .. .. 475,394 Balance unpaid on area taken for workshops .. 26,389 152,358 Instalments paid in advance .. .. .. .. 15 Land for Settlements Account: Funds in hand available for Profit and Loss Appropriation Account .. .. .. 227,972 disposal under section 11 of Finance Act, 1932 .. .. 3,199 £227,987 £227,987 D. M. Greig-, Under-Secretary for Lands. G. I. Beeson, Chief Accountant.

B—l [Pt. IV]

MAORI PURPOSES FUND BOARD Statement of Receipts and Payments fob, the Year ended 31st March, 1946 Receipts £ Payments £ Balance, Ist April, 1945 .. .. .. .. .. 46,705 Administration expenses .. .. .. .. .. 128 Interest: Native Trust Office (3 per cent.) .. .. ~ 1,401 Grants— £ Grant from Consolidated Fund .. .. .. .. 375 Meeting-houses .. ~ . . .. .. 350 Requisitions on Maori Land Boards for specific purposes .. 750 I Miscellaneous . . .. . . .. . . 450 Sales of publications . . . . .. . . .. 200 800 Sales of pingao .. . . . . .. .. .. 16 Office equipment and library .. .. .. .. 2 Balance, 31st March, 1946 .. .. .. .. .. 48,517 £49,447 £49,447 Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Administration expenses .. .. .. .. .. 160 Interest: Native Trust Office .. .. .. .. 1,401 Grants— £ Grant from Consolidated Fund .. .. .. .. 375 Government free-place scholarships .. . , 500 Requisitions on Maori Land Boards for specific purposes .. 750 Special assistance . . .. .. .. 250 Sales of publications (net) . . .. .. .. .. 14 Entertainments and receptions .. .. .. 100 Miscellaneous .. .. .. .. .. 950 l,BOO Balance, being excess of income over expenditure .. .. 580 £2,540 £2,540 — = |

B—l [Pt. IV]

MAORI PURPOSES FUND BOARD—continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ Special funds— £ Cash with Native Trustee .. .. .. .. .. 48,517 Carnegie Corporation grant for Maori arts and crafts.. 342 Board publications for sale .. .. .. .. .. 1,436 Ngati Kahungunu .. .. .. .. 10 j Publication Advance Account: Mystery of moa .. .. 251 Ruatoki Carved Meeting-house .. .. .. 41 Pingao for sale .. .. .. .. .. .. 6 Publication Advance Account: Native custom .. 5 I Library .. .. .. .. .. .. .. 322 398 j Furniture, fittings, &c. .. .. .. .. .. 52 Unpaid grants .. .. .. .. .. .. 1,550 j Sundry debtors .. .. .. .. .. .. 61 Sundry creditors .. .. .. .. .. .. 30 ! Accumulated Fund— £ Balance, Ist April, 1945 .. .. .. ..48,109 Less— £ j Adjustments previous years .. 30 Office equipment written off .. .. 1 31 48,078 Add— Excess income over expenditure .. 580 Adjustments previous years .. .. 9 589 48,667 £50,645 £50,645 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 state the position as disclosed thereby— J. P. Rutherford, Controller and Auditor-General. G. P. Shepherd, Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. J. M. McEwen, Secretary to Board.

NATIVE DEPARTMENT BUILDING CONSTRUCTION FUND LAND FOR SETTLEMENTS ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Interest on capital .. .. .. .. .. .. 1,382 Charge of per cent, against jobs for administration, &c. .. 329 Sundry expenses .. .. .. .. .. .. 11l Profit on timber and stores trading .. .. .. .. 19 Wages and supervision .. .. .. .. .. 265 Stores oncost .. .. .. .. .. .. 257 Depreciation on plant, buildings, and equipment .. .. 158 Loss, transferred to Accumulated Profit and Loss Account .. 1,313 Repairs and maintenance .. .. .. .. .. 2 £1,918 £1,918 Accumulated Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ I Loss transferred .. .. .. .. .. .. 1,313 | Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ £ Loan capital: Land for Settlements Account .. .. 69,104 Plant and equipment .. .. .. .. 1,447 Liability to Consolidated Fund for interest .. .. .. 1,382 Less depreciation .. .. .. .. 11l Sundry creditors .. .. .. .. .. .. 2,595 1,336 Writings off in Suspense ~ .. .... .. 1 Timber-yards, store-sheds, &c. .. .. .. 1,149 Less depreciation .. .. .. .. 47 1,102 Stores and materials .. .. .. .. .. 10,174 Buildings under construction (205 jobs) .. .. .. 58,011 Sundry debtors .. .. .. .. .. .. 1,145 Losses in Suspense .. .. .. .. .. 1 Accumulated Profit and Loss Account .. .. .. 1,313 £73,082 £73,082 Notes.—(1) Administration expenses are paid from Consolidated Fund, vote " Native," and are not debited to the Income and Expenditure Account herein. The charge of 2| per cent, on completed jobs refers partly to administration costs. (2) The item " Stores oncost " relates to charges made prior to the issue of instructions that no oncost was to be charged. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify tliat 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 departmental notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing 'at the commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

B—l [Pt. IV]

B—l [P T . IV]

NATIVE DEPARTMENT— continued SPECIAL MAORI REHABILITATION ASSISTANCE (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments £ Repayments by Natives— £ £ Advances to Natives .. .. .. .. .. 3,655 Principal .. .. .. .. .. 530 Interest .. .. .. .. .. 4 534 Deposits against advances .. .. .. .. 360 Balance (withdrawal from Land for Settlements Account) .. 2,761 £3,655 £3,655 Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Interest on loan capital .. .. .. .. 62 Interest earned .. .. .. .. .. 61 Balance, being excess of expenditure over income .. .. .. .1 £62 £62 Balance-sheet as at 31st March, 1946 Liabilities £ Assets Loan capital, Land for Settlements Account .. .. 2,923 Advances to Natives (29)— £ £ Sundry deposits against advances .. .. .. .. 360 Principal .. .. .. .. .. 3,287 Sundry creditors .. .. .. .. .. .. 4 Interest outstanding .. .. .. .. 8 Liability to Consolidated Fund for interest .. .. .. 62 —— 3,295 Sundry debtors .. .. .. .. .. .. 53 Accumulated Profit and Loss Account .. .. .. 1 £3,349 £3,349 G-. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify tliat 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 8.-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

B—l [Pt. IV]

NATIVE DEPARTMENT— contin ued DISTRICT MAORI LAND BOARDS Combined and Separate Receipts and Payments Account for the Year ended 31st March, 1946

— Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Receipts Cash balances, 1st April, 1945 — In hand and in bank Imprests at Post Office £ 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 Total receipts Withdrawals from amounts on deposit with Native Trustee 21,051 523,979 56,500 3,583 52,907 2,969 45,998 5,000 2,022 79,057 5,000 6,508 143,832 4,000 2,867 134,379 15,000 1,247 56,023 20,000 1,855 11,783 7,500 Totals 601,530 56,490 53,967 86,079 154,340 152,246 77,270 21,138 Payments Total payments Deposits with Native Trustee Cash balances as at 31st March, 1946 — In hand and in bank Imprests at Post Office £ 483,948 92,800 22,215 2,567 £ 38,622 13,000 4,868 £ 41,157 6,500 6,310 £ 66,245 17,000 2,693 141 £ 145,871 6,000 2,107 362 | £ 112,776 34,800 3,971 699 £ 63,861 11,000 1,395 1,014 £ 15,416 4,500 871 351 Totals 601,530 56,490 53,967 86,079 154,340 152,24-6 77,270 21,138

B—l [PT. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined Interest Accounts for the Year ended 31st March, 1946

— Totals. Tokerau. WaikatoManiapoto. Waiariki. Tairawhiti. Aotea. Ikaroa. 1 South Island. Dr. Interest on amounts on deposit with Native Trustee Interest on mortgages and other investments .. Interest on overdrafts £ 7,301 16,379 394 £ 152 1,425 55 £ 1,208 1,517 5 £ 1,461 1,995 £ 670 4,752 £ 1,953 4,378 225 £ 1,568 1,829 109 £ 289 483 Totals 24,074 1,632 2,730 3,456 5,422 6,556 3,506 772 Or. 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 £ 3,180 3,616 17,278 £ 148 1,484 £ 386 450 1,894 £ 224 3,232 £ 5 215 5,202 £ 692 2,178 3,686 £ 2,036 291 1,179 £ 61 110 601 Totals 24,074 1,632 2,730 3,456 5,422 6,556 3,506 772

B—l [Pt. IV]

Income and Expenditure Accounts for the Year ended 31st March, 1946

Totals. Tokerau. Haniapoto Waiariki. Tairawhiti. Aotea. Ikaroa. Island Income £ £££££££ Net interest on investments .. .. 17,278 1,484 1,894 3,232 5,202 3,686 1,179 601 Board commission .. .. .. 4,999 232 499 918 1,320 1,158 664 208 Sundry credits: Registration and lease fees, 1,862 159 1,158 75 321 106 25 18 &c. Totals .. .. .. .. 24,139 1,875 3,551 4,225 6,843 4,950 1,868 827 Expenditure £ £££££££ Expenses of management — Contribution towards expenses of Native 8,287 500 1,300 1,176 1,901 1,856 1,024 530 Department Audit fees .. .. .. .. 452 70 62 63 73 119 43 22 Miscellaneous office and other expenses .. 2,818 265 233 740 995 497 59 29 Depreciation on furniture, buildings, &c. .. 2,368 44 452 480 626 515 166 85 Balance, being surplus for year, transferred to 10,214 996 1,504 1,766 3,248 1,963 576 161 Appropriation Account Totals .. .. .. .. 24,139 1,875 3,551 4,225 6,843 4,950 1,868 827

B—l [PT. IV]

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined Appropriation Accounts for the Year ended 31st March, 1946

— Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawhiti. Aotea. | Ikaroa. South Island. Dr. Sundry adjustments, previous years Transfers from reserve accounts Surplus, year ended 31st March, 1940, from Income and Expenditure Account Balance, 31st March, 1946 £ 180 184 10,214 2,515 £ i84 996 2,515 £ 10 1,504 £ 13 1,766 £ 4 3,248 £ 92 1 j 963 £ 42 576 £ 19 'iei Totals 13,093 3,695 1,514 1,779 3,252 2,055 618 180 Cr. Balance, 1st April, 1945 Appropriation during year — Native purposes Purchase of land, buildings, furniture, &c. .. Patriotic purposes Sundry adjustments, previous years Debts written off Balance, transferred to Assurance and Reserve Account £ 3,601 1,788 2,243 50 1,605 215 3,591 £ 3,601 50 44 £ 400 60 260 20 774 £ 208 1,404 10 '*53 104 £ 780 734 i74 142 1,422 200 15 1,113 '727 £ 100 30 16 11 461 £ 50 15 9 3 io3 Totals 13,093 3,695 1,514 1,779 3,252 2,055 618 180 1

B—l [Pt. IV]

Combined and Separate Balance-sheet as at 31st March, 1946 Liabilities

— Totals. Tokerau. WaikatoManiapoto. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Liabilities, Maori benefioiaries — Amounts held under section 281, Native Land Act, 1931, and other trusts specially invested (section 101 (2), 1931) Invested in Common Fund Otlier amounts held — Specially invested (section 101 (2), 1931) .. At call £ 4,062 175,701 67,648 417,328 £ 6,539 45,371 £ 2,395 16,857 4,018 67,401 £ 109,755 £ 177 29,553 86,820 £ 79,002 28,220 68,922 £ 1,317 71,162 5,550 21,108 £ 350 1,964 307 17,951 664,739 51,910 90,671 109,755 116,550 176,144 99,137 20,572 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 Liability of special trusts under — Section 105, Native Land Act, 1931 Section 35S, Native Land Act, 1931 21,840 43,090 8,259 398 69,816 140,892 3,313 9,919 352 4,348 1,907 1 24,048 1,888 69,816 7,821 6,909 944 42,309 4,801 193 3,483 398 98,583 1,147 71 1,452 410 43 139 284,295 13,584 6,256 95,752 57,983 107,458 2,670 592 Reserves — Special property reserves Other special reserves (including depreciation) 62,539 114,422 15,284 9,300 11,342 49,486 15,139 47,282 17,433 7,053 2,359 867 982 434 176,961 24,584 60,828 62,421 24,486 3,226 1,416 Assurance and Reserve Account 75,922 8,473 2,469 6,625 50,868 5,909 1,578 Totals .. 1,201,917 65,494 129,984 268,804 243,579 358,956 110,942 24,158 ..

B—l [PT. IV

-+> 0 $ a Ph O f-3 or oj NO § ®T rvj OQ w g CL H £ wo 02 1-3 PM f-3* oa

NATIVE DEPARTMENT— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1946 Assets

South Island. £ 871 351 1,222 I> WOO © _ © <N © © rH •!> cT - • 21,934 20 20 oo © 982 24,158 Tairawhiti. j Aotea. j Ikaroa. £ 1,395 1,014 2,409 20,157 46 j912 1,979 27,785 1,460 5,167 1,700 105,160 921 93 1,014 395 1,911 53 2,359 110,942 £ 3,971 699 4,670 00 ~H -H I> Ci coo H O C5 C O I> ~-H COONCO HO -H rH © O} LO • (MO O 00 O O? 00 l> © o © O 14,146 3,287 17,433 CO oo IQ •oo © 98,583 358,956 £ 2,107 362 2,469 CO OOCO(M'+ O >0 C CO ic rf m 00 CO (M rH 00 • • © <M O <N CO "«+ o X 119 119 11,524 3,615 15,139 © o CO • 03 42,309 C5 ( t> 1 i CO <N 1| i s i i jM §* 'fl i t j o « £ 2,693 141 2,834 21,722 45,579 58,715 1,308 47,065 174,389 ! -H© r* © rH 00 1 CO CvJ O rH | 5,742 5,600 <N CO rH 69,816 69,816 268,804 _ O CO Ctf - • O • 6,310 OOI>CO CO 00 o lOONWN © rH ONHCLO © I> CO H rH O iO • O rH rH rV <M f9S'90I 1,787 39 O oo 11,083 1,679 2,522 rH CC <N rH 129,984 £ 4,868 4,868 O rH Ifluo <M OCJC XO <M GO oq • O 03 • • • HH <N 57,081 3 1,027 080 'I 2,515 rH j © rH £ 22,215 2,567 24,782 185,315 62,306 280,934 29,014 255,793 1,460 18,038 58,672 886,532 4,733 10,108 14,841 42,890 17,048 2,601 62,539 69,816 140,892 210,708 2,515 1,201,917 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, &c. .. Government securities Other securities Particular estates — Mortgages Government and other securities Sundry debtors, &c. .. .. .. .. Interest and instalments (due and accrued) Land and buildings Office equipment, &e. Other Assets of special trusts under — Section 105, Native Land Act, 1931 Section 358, Native Land Act, 1931 Appropriation Account Totals

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 values of the lands secured. Exceptions : (1) In the opinion of the Audit Office the following payments are without authority of law : travelling expenses, Maori chiefs, £5 6s. 4d.; wreaths, £5 18s. (2) Receipts were not produced at audit in support of a number of payments made during the year. Aotea.—Exception : In the opinion of the Audit Office the following payments are without authority of law : travelling-expenses to funeral, £6 Is. 6d.; wreaths, £2 15s.— J. P. Rutherford, Controller and Auditor- General.

B—l [Ft. IV]

NATIVE DEPARTMENT— continued NATIVE LAND DEVELOPMENT AND SETTLEMENT SCHEMES Interest Account for the Year ended 31st March, 1946 Dr. £ Gr. £ £ Interest on loan capital .. .. .. .. .. 83,487 Interest on advances under Part I, Native Land AmenclInterest on advances from Consolidated Fund under section 8, ment Act, 1936— Finance Act, 1929 .. .. .. .. .. 72 Land under development .. .. .. 42,067 Amount transferred to Revenue Account .. .. .. 5,216 Settlers .. .. .. .. .. 46,427 88,494 Interest on advances under— Section 340, Native Land Act, 1931 (Maori Land Boards) .. .. .. .. .. 17 Section 48, Native Land Amendment Act 1936 (Native settlers) .. .. .. .. 264 2Bl £88,775 £88,775

B—l [Pt. IV]

Revenue Account for the Year ended 31st March, 1946 Dr. £ Or. £ Amount transferred to Net Revenue Account .. .. 44,426 Amount transferred from Interest Account .. .. .. 5,216 Store oncost, profit, and insurance rebates .. .. .. 5,204 Departmental charge on amounts— £ Expended on land under development .. .. 15,158 Advanced to settlers .. .. .. .. 18,848 34,006 £44,426 £44,426 Net Revenue Account for the Year ended 31st March, 1946 Dr. £ £ Gr. _ £ Amounts written off— Balance, Ist April, 1945 .. .. .. .. .. 264,143 Expenditure on land under development .. .. 9,145 Amount transferred from Revenue Account .. .. 44,4-26 Advances to settlers .. .. .. .. 4,598 13,743 Balance, 31st March, 1946.. .. .. .. .. 294,826 £308,569 £308,569

B —l [Pt. IV]

NATIVE DEPARTMENT— continued NATIVE LAND DEVELOPMENT AND SETTLEMENT SCHEMES— continued Balance-sheet as at 31st March, 1946 Liabilities £ £ Assets £ £ Loan capital— Development and settlement: Development Public Works Fund .. .. .. 2,212,543 schemesLand for Settlements Account .. Dr. 115,939 Expenditure .. .. .. .. 1,111,028 2,096,604 Crown lands not paid for .. .. .. 9,445 Liability to Consolidated Fund— Advances under section 8, Finance Act, 1929: 1,120,473 Principal .. .. .. .. 1,800 Unrecouped and accrued interest .. .. 156,757 Interest on loan capital .. .. .. 83,338 Unrecouped and accrued departmental charges 25,535 85,13S Sundry creditors— 1,302, 765 Lands and Survey Department .. .. 9,445 Advances to settlers .. .. .. 1,167,675 Sundry .. .. .. .. .. 372 Advances under section 48, Native Land Amend9,817 ment Act, 1936, including accrued interest .. 9,690 Writings-off in Suspense .. .. .. .. 27,490 2,480,130 Net Revenue Account— I Advances (including accrued interest) : Maori Land Balance, Ist April, 1945 .. .. .. 264,143 j Boards, under section 340, Native Land Act, 1931 .. 406 Add net increase for 1945-46, including adjust- Sundry debtors .. .. .. .. .. 5,849 ments for previous years .. .. 30,683 Losses in Suspense .. .. .. .. .. 27,490 294,826 £2,513,875 £2,513,875 Notes.—(1) Expenditure from employment promotion grants on development schemes since inception, amounting to £2,053,644, 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. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IY] 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 landdevelopment 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. P. Rutherford, Controller and AuditorGeneral.

B—l [Pt. IV

SPECIAL NATIVE HOUSING FUND Statement op Receipts and Payments for the Year ended 31st March, 1946 Receipts £ Payments £ Balance, Ist April, 1945 .. .. .. .. .. 114,773 Payments: Loans for erection of houses, &c. .. .. 18,763 Receipts: Interest, repayments of principal, &c. .. 24,501 Balance, 31st March, 1946.. .. .. .. .. 123,632 Grant from Consolidated Fund equivalent to one-third Native Trust profits, 1943-44 .. .. .. .. 3,121 £142,395 £142,395 Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ | Income Interest allowed on deposits, &c. .. .. .. .. 122 Interest earned— £ £ War-damage insurance: Fund's proportion .. .. 38 On loans to Maoris .. .. .. .. 3,411 Miscellaneous .. .. .. .. .. .. 15 On funds held by Native Trustee .. .. 2,040 Rental properties— £ 5,451 Rates.. .. .. .. .. .. 54 Insurance rebates .. .. .. .. .. 30 Insurance .. .. .. .. .. 28 Rented properties : Rents received .. .. .. 590 Depreciation .. .. .. .. .. 140 222 Excess of income over expenditure transferred to Special Housing Fund .. .. .. .. .. .. 5,674 £6,071 £6,071 Special Housing Fund Dr. £ Or. £ Balance, 31st March, 1946 .. .. .. .. 200,740 Balance, Ist April, 1945 .. .. .. .. .. 191,945 Additional grant .. .. .. .. .. 3,121 Excess of income over expenditure .. .. .. 5,674 £200,740 £200,740

B—l [Pt. IV]

NATIVE DEPARTMENT— continued SPECIAL NATIVE HOUSING FUND— continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets Special Native Housing Fund .. .. .. .. 200,740 Land not yet built on— £ £ Deposits and credit balances held against advances (117) .. 9,370 Purchased .. .. .. .. 391 Sundry creditors .. .. .. .. .. .. 12 Donated .. .. .. .. . . 25 416 Temporary accommodation : Six army huts.. .. .. 352 Rented properties— Acquisition of land and improvements .. .. 460 Erection— Eleven cottages .. .. .. .. 4,555 Two huts on Crown land .. .. ~ 123 5,138 Vacant section .. .. .. .. 209 5,347 Less Depreciation Reserve .. ~ . . 578 4,769 I Loans to Maoris (373)— Principal outstanding .. .. .. .. 80,747 Interest outstanding .. .. . . .. 122 80,869 Sundry debtors .. .. .. .. .. .. 84 Cash balances— With Native Trustee .. .. .. ..113,902 With Maori Land Boards .. .. .. 9,730 123,632 £210,122 | £210,122

B—l [Pt. IV]

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 Fund has been established by section 18, Native Housing Amendment Act, 1938, consisting of grants totalling £164,768 which have been paid to the Native Trustee for disbursement through the Maori Land Boards as directed by the Board of Native Affairs. All interest, repayments of principal, and other accumulations belong to the Fund and may be utilized in granting advances for housing purposes. (b) Labour subsidies are not recorded in these accounts. Gr. 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 8.-l [Pt. IV].— J. P. Rutherford, Controller and Auditor- General.

B—l [Pt. ITI

NATIVE DEPARTMENT— continued NATIVE HOUSING ACT, 1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments Repayments by Natives— £ £ Expenditure on dwellings— £ £ Principal .. .. .. .. .. 20,277 Purchases .. .. .. .. .. 6,208 Interest .. .. .. .. .. 5,469 Erection .. .. .. .. .. 24,788 25,746 Repairs and additions .. .. .. .. 2,601 Deposits against advances .. .. .. .. 5,562 I Miscellaneous .. .. .. .. .. 308 Balance : Withdrawal from land for Settlement Account .. 3,039 j 33,905 Refund of deposits .. .. ~ .. .. 371 Interest payment to Consolidated Fund .. .. .. 71 £34,347 j £34,347 Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Interest on loan capital .. .. .. .. .. 4,794 Interest earned (net) .. .. .. .. .. 5,589 Balance .. .. .. .. .. .. 940 Insurance rebates and oncost .. .. .. .. 145 5,734 5,734 Adjustment: Interest earned, 1944-45 .. .. .. 20 Balance .. .. .. ' .. .. .. 940 Balance, being excess of income over expenditure .. .. 921 Adjustment of oncost, 1944/45 .. .. .. ~ I £941 £941

B—l [Pt. IV]

Balance-sheet as at 31st March, 1946 Liabilities Assets Loan capital— £ £ Advances to Natives (432)— £ £ Public Works Fund .. .. .. .. 94,429 Principal .. .. .. .. .. 139,430 Land for Settlements Account .. .. 26,938 Interest outstanding .. .. .. .. 285 121,367 139,715 Deposits against advances .. .. .. .. 9,906 Huts .. .. .. .. .. .. .. 22 Sundry creditors . . .. . . . . . . .. 928 Sundry debtors .. .. . . .. .. .. 31 Liability to Consolidated Fund for interest .. .. .. 4,576 Accumulated Profit and Loss Account— £ Balance, Ist April, 1945.. .. .. .. 2,070 Add excess income over expenditure .. .. 921 2,991 £139,768 £139,768 Note.—(1) Separate accounts are published for advances from 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 8.-l [Pt. IV].— J. P. Rutherford, Controller and Auditor- General.

B—l [Pt. IV]

NATIVE TRUSTEE Interest Account, 1945-46 Dr. £ Gr. £ Interest allotted on amounts held under— Interest on mortgage and other investments .. .. 24,980 Native Land Act, 1931— Part 111 .. .. .. .. .. .. 7,301 Part X .. .. .. .. .. .. 1,486 Miscellaneous .. .. .. .. .. 82 Native Trustee Act, 1930 .. .. .. .. 568 Maori Purposes Fund Act, 1934-35 .. .. .. 1,401 Native Housing Amendment Act, 1938 .. .. .. 2,040 West Coast Settlement Reserves Act, 1892 .. .. 186 Miscellaneous funds . . . . .. .. .. 446 Surplus carried to Revenue Account .. .. .. 11,470 £24,980 £24,980 Revenue Account, 1945-46 Dr. £ Gr. £ Administration: Contribution to Consolidated Fund .. .. 12,200 Balance from Interest Account .. .. .. .. 11,470 Department's portion of war-damage premiums on buildings Commission . . . . .. .. .. .. 6,087 subject to mortgages and charges .. .. .. 41 Fees .. . . .. .. .. .. .. 424 Net profit for year carried down .. .. .. .. 6,901 Net working profit on properties acquired under mortgage 1,161 £19,142 £19,142 £ £ Loss previous year made good to estate .. .. .. 10 Net profit for year brought down .. .. .. ~ 6,901 Expenditure previous years written off irrecoverable .. .. 6 Commission adjustment previous years .. .. .. 814 Interest adjustment previous years .. .. 3,378 Net surplus transferred to Appropriation Account .. .. 4,321 £7,715 £7,715

B—l [Pt. IV]

Appropriation Account, 1945-46 Dr. £ £ Or. £ Donation to National Patriotic Fund .. .. .. 200 Balance, Ist April, 1945 .. .. .. .. .. 16,731 Donation to Ngarimu V.C. Scholarship Fund .. .. 1,000 Net surplus transferred from Revenue Account .. .. 4,321 1,200 Allocation of profits for 1943-44 paid to Consolidated Fund (one-third) .. .. .. .. .. 3,121 Transferred to Assurance and Reserve Fund (two-thirds).. 6,241 9,362 Balance, 31st March, 1946 .. .. .. .. 10,490 £21,052 £21,052 Receipts and Payments, 1945-46 Receipts £ Payments £ Cash balances, Ist April, 1945 .. .. .. .. 47,738 Payments .. .. .. .. .. .. 283,637 Receipts .. .. .. .. .. ..336,157 Cash balances, 31st March, 1946 .. .. .. ..100,258 £383,895 £383,895

B—l [Pt. IV]

NATIVE TRUSTEE— continued Balance-sheet as at 31st March, 1946 Liabilities Assets Amounts held under— £ £ Investments— £ £ Native Reserves Act, 1882 .. .. .. 72,091 Local bodies'securities .. .. .. .. 5,100 West Coast Settlement Reserves Act, 1892 .. 51,136 Government securities .. .. .. .. 16,830 Native Land Act, 1931— £ Short-term investments— Part X .. .. .. 54,710 Treasury bills .. .. .. .. 225,000 Part III: Maori Land Boards .. 280,934 Mortgages .. .. .. .. .. 358,677 Special investment .. .. .. 350 Advances (on overdraft) to estates and accounts .. 122,820 Miscellaneous .. .. .. 7,314 Properties acquired under mortgages .. .. 17,238 343,308 745,665 Native Trustee Act, 1930 .. . . . . 45,971 Interest and rent due and accrued .. .. .. .. 15,982 Maori Purposes Fund Act, 1934-35 .. .. 48,517 Sundry debtors .. .. .. .. .. .. 118 Native Housing Amendment Act, 1938 .. .. 113,902 ! Cash balances— Ngaitahu Claim Settlement Act, 1944 .. 17,635 j In hand .. .. .. .. .. 150 Miscellaneous funds .. .. .. .. 26,196 i At bank .. .. .. .. .. 87,386 718,756 j At branches .. .. .. .. .. 12,722 Sundry creditors .. .. .. .. .. 434 j ] oo 258 Reserve against unpaid interest .. .. 1,218 Special reserve against claims . . .. . . 159 Assurance and Reserve Fund Account .. 129,933 Investment Fluctuation Account .. .. .. 1,033 Profit and Loss Appropriation Account .. . . 10,490 142,833 | £862,023 j £862,023 c=====s==S==s= | 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 boohs, documents, and securities submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

B—l [PT. IV]

NEW ZEALAND BROADCASTING SERVICE NATIONAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Expenditure on programmes, including payments to artists, Radio license fees .. .. .. .. .. 441,370 broadcasting rights, copyright fees, recorded programmes, Interest on investments .. .. .. .. 26,291 relay lines, and sundry miscellaneous items .. .. 109,754 Rents .. .. .. .. .. .. 1,216 General administrative and running expenses, including rents, Miscellaneous receipts .. .. .. .. .. 3,299 rates and insurance, lighting and heating, legal and audit, New Zealand Listener : Excess of income over expenditure .. 7,550 printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, fees for technical trainees, and sundry miscellaneous items .. .. .. .. .. 138,132 Payments to stations operated under contract and subsidies to "B" stations .. .. .. .. .. 1,225 Expenses in connection with the broadcasting units overseas and troop entertainment in New Zealand .. .. 6,423 Depreciation provision and writing down of assets . . 19,465 Balance carried down: Surplus for year.. .. .. 204,727 £479,726 £479,726 £ £ £ Donation to National Patriotic Fund .. .. .. 1,000 Balance brought forward from previous year .. 1,886,863 Balance .. .. .. .. .. .. 2,160,904 License fees paid in advance (adjustment) .. 70,3141,957,177 Balance brought down .. .. .. .. 204,727 £2,161,904 £2,161,904

3—B-l [Pt. IV]

B—l [Pt. IV]

NEW ZEALAND BROADCASTING SERVICE— continued NATIONAL DIVISION— continued Balance-sheet as at 31st March, 1946 Liabilities £ - Assets £ Creditors .. .. .. .. .. 25,994 Cash in bank .. .. .. .. .. .. 7,135 Appropriation Account .. .. .. .. .. 2,160,904 Debtors and Prepayments .. .. .. .. 83,970 Works in progress, stock of technical equipment, disks, and needles .. .. .. .. .. 58,864 Newsprint stocks .. .. .. . . .. 1,693 Unplayed episodes of features .. .. .. . . 8,204 Investments in New Zealand Government securities .. 1,830,000 Land and buildings .. .. .. .. 158,420 Machinery and plant .. .. .. .. .. 13,669 Office and studio equipment .. .. .. .. 23,958 " B " station purchases .. .. . . .. .. 985 £2,186,898 £2,186,898 r~ ttt J i-nT-nam , -i James Shelley, Director of Broadcasting. E. L. Hutchens, 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.

B—l [Pt. IV]

COMMERCIAL DIVISION Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Expenditure on programmes, including payments to artists, Sales of station time .. .. .. .. 289,379 broadcasting rights, copyright fees, recorded programmes, Accreditation fees .. .. .. .. 21 relay lines, and sundry miscellaneous items .. .. 20,893 Interest on investments .. .. .. .. . . 3,294 General administrative and running expenses, including rents, Service fees .. .. .. .. ■ ~ 2 874 rates and insurance, lighting and heating, legal and audit, Miscellaneous|receipts .. .. .. .. .' '2 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 .. .. .. 158,964 Depreciation provision and writing down of assets .. .. 8,467 Balance carried down : Net profit for year .. .. 107, 246 £295,570 £295^570 . £ r~ Donation to National Patriotic Fund .. .. ~ 1,000 Balance brought forward from previous year .. .. 71,741 Provision for taxation .. .. .. .. 82,000 Balance brought down .. .. .. .. 107,246 Less excess provided in previous year .. .. j 3,898 68,102 Balance .. .. .. .. .. .. 109,885 £178,987 £178,987

B—l [Pt. IV]

NEW ZEALAND BROADCASTING SERVICE— continued COMMERCIAL DIVISION— continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 89,370 Cash in bank .. .. .. .. .. .. 104,491 Deposit Account .. ~ ~ ~ ~ .. 264 Cash on deposit .. .. .. .. .. .. 264 Revenue received in advance . . . . .. .. 1,382 £ Provision for taxation .. .. .. .. .. 82,000 Debtors and prepayments .. .. .. 36,348 Writings off provision .. ~ .. .. .. 226 Less provision for bad debts .. .. .. 485 Appropriation Account .. .. .. ..109,885 35,863 Investments : New Zealand Government securities .. .. 120,000 Land and buildings .. .. .. .. .. 3,830 Machinery and plant .. .. .. .. .. 3,806 Office and studio equipment .. .. .. .. 14,647 Assets in Suspense .. .. .. .. .. 226 £283,127 £283,127 James Shelley, Director of Broadcasting. E. L. Hutchens, Acting-Accountant. I liereby 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 Auditor-General.

B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year ended 31st March. 1946 Dr. £ Or. £ £ Interest credited, to depositors .. .. .. .. 2,784,239 Interest received .. .. .. .. 3,276,427 Management expenses .. .. .. .. 319,466 Plus interest accrued to 31st March, 1946 .. 708,004 Balance, carried to Appropriation Account .. .. 290,834 3,984,431 Less interest aocrued to 31st March, 1945 . . 612,182 — 3,372,249 Sundry receipts .. .. .. .. 22,290 £3,394,539 £3,394,539 — | Appropriation Account for the Year ended 31st March, 1946 Dr. £ Or. £ Savings-bank profits paid to Consolidated Fund .. .. 169,677 Balance brought forward .. .. .. .. 750,101 Balance carried forward, due to Consolidated Fund (Section Profit and Loss Account .. .. .. .. 290,834 95 (c), Post and Telegraph Act, 1928) .. .. .. 871,258 £1,040,935 £1,040,935 Balance-sheet for the New Zealand Post Office Sayings-bank as at 31st March, 1946 Liabilities £ I Asset * £ Balance at credit of depositors'accounts .. .. 128,666,956 Cash on hand and at bank .. .. .. .. 376,679 Liability to Treasury for investments held on account of Investments .. .. .. .. 148,524,378 •soldiers' gratuity accounts .. .. .. 18,000,000 Interest accrued on investments .. .. .. 708,004 Letters of credit and other liabilities .. .. .. 103,114 Sundry debtors .. .. .. .. .. 7,415 Reserve Fund .. .. .. . • • • 1,974,159 Advances to Postmasters .. .. .. .. 989 Profit and Loss Appropriation Account .. .. .. 871,258 £149,616,476 £149,616,476 J. J. Knight, A.R.A.N.Z., Director of Accounts. C. 0. Coad, Deputy 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.

B—l [PT. IV]

POST AND TELEGRAPH DEPARTMENT— continued Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ Or. £ £ Maintenance and working expenses .. .. .. 5,005,471 Postages .. .. .. .. .. 2,881,806 Depreciation .. .. .. .. .. .. 724,019 Less amount transferred to War Expenses Interest .. .. .. .. .. .. 635,360 Account in terms of section 2 (4) (c) of the War Net profit .. .. .. .. .. .. 292,158 Expenses Act. 1939 .. .. .. 600,000 1,781,806 Private box and bag rents and rural delivery fees .. 67,366 Money-order and postal-note commission .. .. 54,693 Telegraph revenue .. .. .. .. • • 699, 862 Toll revenue .. .. .. .. .. 1,430,421 Telephone revenue .. .. .. .. •• 1,878,502 Revenue from wireless traffic .. . . .. .. 38,355 Rent received .. .. .. .. .. 49,515 Miscellaneous revenue .. .. .. • • 656,488 £6,657,008 £6,657,008 Profit and Loss Appropriation Account for the Year ended 31st March, 1946 Dr. £ £ Or. £ Payment to Treasury .. .. .. .. 396,489 Balance brought forward .. .. .. .. 1,578,431 Balance carried forward: Post and Telegraph Act, Net profit for year .. .. .. .. •• 292,158 1928, section 95 (d), due to Consolidated Fund .. 1,571,805 Profits in respect of previous years .. .. .. 126,975 Retained by Post Office Account .. .. 29,270 1,601,075 £1,997,564 £1,997,564

B—l [Pt. IV]

Balance-sheet as at 31st March, 1946 Receipts and Expenditure on Capital Account

Dr. As at 1st April, 1945. Amount debited during Year. As at 31st March, 1946. Cr. Capital as at 1st April, 1945. Amount received during Year. Capital as at 31st March, 1946. Expenditure — Telegraph and toll system, 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 £ 3,121,687 10,683,521 126,055 4,990,408 168,074 314,975 235,158 137,962 52,071 £ 386,941 380,596 2,009 143,013 17,474 13,986 13,021 23,256 £ 3,508,628 11,064,117 128,064 5,133,421 185,548 328,961 248,179 161,218 52,071 Receipts — Public Works Account and National Development Loans Account Aeradio Adjustment Account (Consolidated Fund contribution to aeradio assets) £ 17,790,362 190,033 £ 235, 555 23,256 £ 18,025,917 213,289 Balance, carried to General Balance-sheet 17,980,395 258,811 18,239,206 2,571,001 19,829,911 980,296 20,810,207 1 20,810,207

B—l [Pt. TV]

POST AND TELEGRAPH DEPARTMENT— continued General Balance-sheet Liabilities Assets £ Sundry creditors— £ £ Capital Account balance .. .. .. .. 2,571,001 Money-order payees for unpaid money-orders.. 150,291 Stock at stores, &c., and in transit, at stock-list prices, less Other Administrations, on money-order, oncost .. .. .. .. .. .. 2,751,472 postal, and cable accounts .. .. 16,984 Investment in Government stocks on account Postal-note payees for unpaid postal notes .. 112,238 of— £ National Savings coupons sold and unredeemed 12,706 Post Office Investment Certificates .. 137,650 Liability for material purchased by Treasury .. 1,789,386 National Savings deposits and bonds .. 34,927,000 Other Government Departments .. .. 5,808,552 Post Office investments under section 100 of Sundry other creditors .. .. .. 2,441,836 Post and Telegraph Act, 1928 .. .. 8,184,700 _ 10,331,993 43,249,350 War Loan Certificate Account .. .. .. .. 3,415 Sundry debtors— Post Office Investment Certificate Account .. .. 130,797 Other Administrations on money-order National Savings Fund Account .. .. .. 23,574,472 account .. .. .. .. 71,582 National Savings Bond Fund Account .. .. .. 12,100,567 Sundry other debtors .. .. .. 690,285 Reserve for depreciation and obsolescence .. .. 7,471,927 761,867 Eire Insurance Reserve .. .. .. .. 300,000 Postmasters' balances and cash in bank .. 12,273,131 Reserve for accumulated leave of servicemen .. .. 97,000 Less Savings-bank funds held in balance .. 376,679 Reserve to meet estimated liability to holders of holiday-pay 11,896, 452 cards .. .. .. .. .. .. 75,000 Interest accrued on investments .. .. .. 421,346 Foreign Mail Settlement Reserve .. .. .. 91,085 Bulk stock of stamps and other documents of value held in Reserve for monetary liquidation of deferred leave of officers Head Office .. .. .. .. .. 47,618,666 other than servicemen .. .. .. .. 15,000 Assets written off Suspense Account .. .. 8,595 Earthquake and War Damage Reserve .. .. .. 748, 627 Assets written off Reserve .. .. .. .. 8,595 Postmasters : For advances to Postmasters of stamps, postal notes, British postal orders, and other documents of value 5,010,851 Stamps and other documents of value held in Head Office and in transit .. .. .. .. .. 47,718,345 Profit and Loss Appropriation Account .. .. 1,601,075 £109,278,749 £109,278,749 J. J. Knight, A.R.A.N.Z., Director of Accounts. C. 0. Coad, Deputy 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.

B—l tP*. IV]

PRINTING AND STATIONERY DEPARTMENT Receipts and Payments Account for the Year ended 31st March, 1946 Receipts £ Payments £ Sundry debtors .. .. .. .. .. .. 472,034 Salaries .. .. .. .. .. .. 109,401 Publications .. .. .. .. .. .. 1,796 Wages .. .. .. .. .. .. .. 49,101 Sundry cash sales— £ Allowances to officers performing higher duties .. .. 361 Stationery .. .. .. .. .. 4 Overtime .. .. .. .. .. .. 18,378 Second-hand typewriters .. .. .. 35 j Purchases— Machinery .. .. .. .. 100 I Paper, stationery, &c. .. .. .. .. .. 122,453 Waste products .. .. .. .. 13 j Stores .. .. .. .. .. .. 16,459 152 I Freight, cartage, insurance, &c. .. .. .. .. 12,247 Refunds— Machinery: New, and repairs to .. .. .. .. 9,648 Salaries and wages .. .. .. .. 1,552 Type metal .. .. .. .. .. .. 300 Exchange .. .. .. .. .. 2 Type and printing material .. .. .. .. 53 Freight . . .. .. .. .. 2 Fuel, gas, power, light, and water .. .. .. 2,224 Postages .. .. .. .. .. 26 I Medical services .. .. .. .. .. .. 31 1,582 Office equipment .. .. .. .. .. 156 Postages and telegrams .. .. .. .. .. 1,022 Telephone services .. .. .. .. .. 173 Window-cleaning, rubbish-removal, &c. .. .. .. 159 Proportion of rent, &c., High Commissioner's Office .. .. 425 Wages: Cleaners, watchmen, &c. .. .. .. .. 2,741 Proportion of cost of messengers' uniforms .. .. .. 33 Audit fee .. .. .. .. .. .. 100 Repairs to premises .. .. .. .. .. 4,500 Rent of storage space .. .. .. .. . . 3,374 Maintenance of fire-alarms .. .. .. .. 31 Contingencies .. .. .. .. .. .. 9 Payments in lieu of leave of absence .. .. .. 95 Compassionate grants to widows of deceased officers .. .. 799 Refunds to Departments for publications, &c., sold .. .. 5,622 Balance, Treasury Adjustment Account .. .. .. 115,669 £475,564 £475,564

B—l [Pt. IV]

PRINTING AND STATIONERY DEPARTMENT— continued Trading Account for the Year ended 31st March, 1946 Dr. £ £ Gr. Paper and materials— Sales— £ £ Stock at beginning .. .. .. .. 171,177 Manufacturing .. .. .. .. 293,001 Add purchases .. .. .. .. 63,596 Less work in progress. 31 at March, 1945 .. 13,687 234,773 279,314 Less stock on hand, 31st March, 1946 .. 116,039 Add work in progress, 31st March, 1946 .. 48,032 118,734 Stationery 327,346 Stock at beginning .. .. .. .. 54,520 Stationery .. .. .. .. .. 125,966 Add purchases .. .. .. .. 80,404 Publications .. .. .. .. .. 9,740 Typewriters .. .. .. .. .. 10,621 134,924 473,673 Less stock on hand, 31st March, 1946 .. .. 32,083 Discounts received .. .. .. .. 365 102,841 Publications— Stock at beginning .. .. .. ~ 12,115 Add purchases .. .. .. . . 4,043 16,158 Less stock on hand, 31st March, 1946 .. .. 12,164 3,994 Typewriters— Stock at beginning .. .. .. .. 8,311 Add purchases .. .. .. .. 3,065 11,376 Less stock on hand, 31st March, 1946 .. .. 1,135 10,241 Wages— Productive .. .. .. .. .. 105,348 Establishment .. .. .. .. 41,845 Stationery Office .. .. .. .. 12,981 Freight (inwards) .. .. .. .. 8,097 Insurance .. .. .. . . .. 222 Lighting : Proportion .. .. .. .. 651 Power .. .. .. .. .. .. 422 Fuel .. .. .. .. .. .. 631 Water 179 170,376 Balance, transferred to Profit and Loss Account .. .. 67,852 £474,038 £474,038

B—l [Pt. IV]

Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ Gr. £ Office salaries .. .. .. .. .. .. 12,071 Balance, transferred from Trading Account .. .. .. 67,852 Repairs and alterations to buildings and plant .. .. 4,482 Storing and handling stationery, &c., for other Government Postages and telegrams .. .. .. .. .. 1,119 Departments .. .. .. .. .. • 1,788 Freight and cartage : Outward .. .. .. .. 3,996 Commission on sales of publications .. .. .. 1,834 Discounts allowed .. .. . . .. .. 212 Rent receivable .. .. .. .. .. • • 236 Telephones : Rentals .. .. .. .. .. 164 Medical services .. .. .. .. .. .. 8 Lighting, &c. : Proportion .. .. .. .. 72 Proportion of rent, High Commissioner's Office .. .. 425 Office expenses .. .. .. .. .. .. 292 Sundry trade expenses .. .. .. .. .. 507 Audit fee .. .. .. .. .. .. 100 Wages : Cleaners, watchmen, &c. .. .. .. .. 2,911 Interest on capital .. .. .. .. .. 19,901 | Depreciation— £ Buildings .. .. .. . . . . 1,044 Plant and machinery .. .. .. .. 7,151 Furniture, fittings, and office equipment .. .. 226 Type and type metal .. .. .. .. 121 Accessories .. .. .. .. .. 171 8,713 Losses on disposal of assets .. .. .. .. 19 Rent of storage space .. .. .. .. .. 3,291 Grants .. .. .. .. .. .. .. 904 Balance carried down .. .. .. .. .. 12,523 £71,710 £71,710

B—l [PT. IV]

PRINTING AND STATIONERY DEPARTMENT— continued Balance-sheet as at 31st March, 1946 Liabilities ] Assets £ £ Capital Account— £ £ S Land .. .. .. .. .. .. .. 54,359 Public Works Fund .. .. .. .. 112,623 I Buildings .. .. .. .. .. .. 30,445 Consolidated Fund .. .. .. .. 384,899 : Plant and machinery— 497,522 | Composing plant .. .. .. .. 4,595 Creditors— I Machine composing plant .. .. .. 12,486 Departmental .. .. .. .. .. 8,035 j Addressograph plant .. . . .. .. 588 Sundry .. .. .. .. .. 24,803 j Binding plant .. .. .. .. .. 6,992 32,838 Printing plant .. .. .. .. .. 12,283 Wages accrued .. .. .. .. .. .. 3,533 Litho plant .. .. .. .. .. 10,133 Bad Debts Reserve .. .. .. .. .. 161 Photo plant .. .. .. .. .. 5,828 Writing-off, Suspense Account .. .. .. .. 915 Stereotype plant .. .. .. .. 1,117 Balance, Profit and Loss Account .. .. .. .. 12,523 Engine-room plant .. .. .. .. 547 Miscellaneous plant .. .. .. .. 7,403 61,972 I Furniture, fittings, and office equipment .. .. .. 1,885 j Type and type metal .. .. .. .. .. 13,436 Accessories— I Composing Branch .. .. .. .. 282 i Machine Composing Branch .. .. .. 102 Printing Branch .. .. .. .. 105 I Binding Branch .. .. .. .. 365 Litho Branch .. .. .. .. .. 135 Photo Branch .. .. .. .. .. 50 Stereotype Branch .. .. .. .. 11 Engine Room .. .. .. .. •. 125 i Paper Store .. .. .. .. .. 116 ■ 1,291

B—l [Pt. IV]

Debtors — Departmental .. .. .. .. .. 76,523 Sundry .. .. .. .. .. 1,573 78,096 Work in progress.. .. .. .. .. .. 48,032 Stock on hand .. .. .. .. .. 161,273 Stock on consignment .. .. .. .. 148 161,423 Stock Suspense Account .. .. .. .. .. 834 Assets to be written off .. .. .. .. 81 Treasury Adjustment Account .. .. .. .. 95,638 £547,492 £547,492 A. W. Gyles, A.R.A.N.Z., Accountant. I hereby certify that the Receipts and Payments, Trading, and Profit and Loss Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IY] and to the comment that the asset " Type and type metal, £13,436," is not supported by stock-sheets.— J. P. Rutherford, Controller and Auditor-General.

B—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year ended 31st March, 1946 Dr. £ £ Cr. £ £ Capital. Maintenance. Capital. Maintenance. Remissions .. .. .. .. .. 22 15 Balance as at Ist April, 1945 .. .. .. 3,601 6,618 Transfer to Reserve Fund .. .. .. 1,595 .. Rates struck for 1945-46 year .. .. .. 10,501 9,182 Interest on capital cost .. .. .. 8,360 .. Penalty (10 per cent.) added to rates .. .. 77 73 Cost of maintenance .. .. .. .. .. 14,442 Subsidy on maintenance costs .. .. .. .. 4,814 Balance as at 31st March, 1946 .. .. 4,202 6,230 £14,179 £20,687 £14,179 £20,687 Revenue Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Interest on loan capital .. .. .. .. .. 19,567 Accrued rent .. .. .. .. .. .. 193 Interest on capital cost recoverable by rates .. .. .. 8,360 Balance: Transferred to Drainage Works Account .. .. 11,014 £19,567 £19,567 Treasury Adjustment Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Receipts and Payments Account .. .. .. .. 5,991 Balance as at Ist April, 1945 .. .. .. .. 324,965 Balance as at 31st March, 1946 .. .. .. .. 338,756 Hauraki Plains Settlement Account: Transfer .. .. 12 Swamp Land Drainage Account: Net transfer .. .. 203 Interest on loan capital .. .. .. .. .. 19,567 £344,747 £344,747

B—l [Pt. IV]

Beceipts and Payments Account for the Year ended 31st March, 1946 Receipts £ Payments Consolidated Fund— Vote " Lands and Survey " £ Miscellaneous revenue— Maintenance of completed works .. .. .. .. 15,434 Rates .. .. .. .. .. .. 14,912 Purchase of excavator .. .. .. .. .. 491 Miscellaneous .. .. .. .. .. 6,715 Transfer to Treasury Adjustment Account .. .. .. 5,991 Credits -in- aid : Vote " Lands and Survey " .. .. 289 £21,916 £21,916 Balance-sheet as at 31st March, 1946 Liabilities Assets £ £ Drainage Works— £ Loan capital .. .. .. .. .. 489,169 Recoverable capital expenditure (section 11, Finance Act Less cash to credit of Land for Settlements Account 96 (No. 2), 1937) .. .. .. .. .. 205,000 489,073 Not recoverable: Capital expenditure and irrecoverable Free capital from Employment Promotion Fund .. .. 891 interest .. .. .. .. .. .. 622,375 Reserve Account for repayment of capital cost .. .. 9,888 Plant, machinery, and tools .. .. .. .. 1,528 Treasury Adjustment Account .. .. .. .. 338,756 Buildings .. .. .. .. .. .. 2,167 Unpaid purchase-money for land taken .. .. .. 210 Sundry goods .. .. .. .. .. .. 1,598 Sundry creditors: Miscellaneous .. .. .. 973 Sundry debtors— Rate Account— Rates— £ Capital .. .. .. .. .. 4,202 Capital .. .. .. .. .. 5,844 Maintenance .. .. .. .. .. 6,230 Maintenance.. .. .. .. .. 4,811 1 0,432 Miscellaneous .. .. .. .. .. 803 Writings off in Suspense .. .. .. .. 1,168 11,458 Cash in transit from Post Office .. .. .. .. 5,206 Expenditure from Employment Promotion Fund .. .. 891 Losses in Suspense .. .. .. .. .. 1,168 £851,391 £851,391 D. M. Greig, Under-Secretary for Lands. V. J. H. Pledger, Acting Chief Accountant. I hereby certify that the Rate and Revenue Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

B—l [Pt. IV]

Profit and Loss Appropriation Accounts, 1942 to 1946

NEW ZEALAND REPARATION ESTATES Profit and Loss Accounts, 1942 to 1946

For the Year ended 31st March, For the Year ended 31st March, 1942. 1943. 1944. 1945. 1946. 1942. 1943. 1944. 1945. 1946. D)\ £ £ £ £ £ Or. & £ & & & Losses on trading— Profits from trading — Aleisa Citrus Farm .. .. .. .. .. 1,074 983 Charcoal .. ., .. .. 88 .. .. .. Cocoa .. .. .. .. .. .. 2,036 .. .. Cocoa .. .. .. .. 8,108 11,710 .. 4,468 8,648 Copra .. .. .. .. 1,888 .. .. .. .. Copra .. .. .. .. .. 14,508 7,546 8,974 9,934 Dessicated coconut .. .. .. 81 .. .. .. Dessicated coconut .. .. .. .. 2,735 12,804 5,135 Hides .. .. .. .. .. 440 .. .. .. Dessicated-coconut meal .. .. .. .. .. .. 222 Salaries .. .. .. .. 2,071 2,568 2,728 3,719 4,815 Dried bananas .. .. .. .. .. .. .. 134 Maintenance residential and Head Office 1,976 2,116 4,033 3,249 4,456 Hides .. .. .. .. 176 Buildings Sawmill timber and firewood .. .. .. .. 2,999 3,998 General expenses — Rubber .. .. .. .. 3,964 6,951 5,483 6,212 4,501 Audit fees .. .. .. .. 176 203 111 189 249 Rents and interest .. .. .. 2,887 3,253 3,530 2,940 2,386 Beetle research .. .. .. 67 152 243 235 260 Head Office incomeFurniture maintenance .. .. 34 20 56 114 110 Plantation stores .. .. .. 926 2,617 4,691 6,209 5,633 General expenses .. .. .. 291 196 240 322 444 Sundry .. .. .. .. 523 411 464 283 292 Indenture: Mueans and Tokelau .. .. 112 324 476 153 Profits on workshop accounts .. .. 19 72 295 London general expenses .. .. 100 100 125 125 125 Profits on motor-boats .. .. 625 513 810 398 352 Motor-cars: Expenses .. .. 262 468 596 478 774 Sale of meat and net stock increases .. 5,901 5,993 5,856 13,004 4,578 Postage and radios .. .. 104 105 86 105 158 Sales of miscellaneous produce .. 313 370 Printing and stationery .. .. 136 154 168 260 213 Profits on realization of sundry assets .. 22 37 297 15 182 Survey fees .. .. .. .. 4 22 187 63 Bad Debts Reserve Account .. .. 172 286 46 Transfer and travelling-expenses .. 66 75 89 215 393 Adjustment previous year: Muean .. .. 192 Depreciation .. .. .. 1,170 1,136 1,279 1,165 1,205 deferred pay treated as expenses of Store turnover tax .. .. .. .. .. 581 525 977 indenture Losses on sales of sundry assets .. .. .. 428 683 .. Plantation sundry income .. .. 689 494 1,348 . 1,175 1,288 Losses on workshop accounts .. 24 .. .. .. 866 Profit, transferred to Profit and Loss 15,941 39,320 19,925 46,655 31,039 Appropriation Account — 24,306 47,250 33,070 59,776 47,283 24,306 47,250 33,070 59,776 47,283

For the Year ended 31st March, Tor the Year ended 31st March, 1942. 1943. 1944. 1945. 1940. 1942. 1943. 1944. 1945. 1940. Dr. Plantation Renewals Beserve Balance .. .. £ 65^583 £ 2,000 102,903 £ 5,000 117,828 £ 10,000 154,483 £ 185, 522 Or. Balance from previous year Profit and Loss Account £ 49,642 15,941 £ 65,583 39,320 £ 102,903 19,925 £ 117,828 46,655 £ 154,483 31,039 65,583 104,903 122,828 104,483 185, 522 65,583 104,903 122,828 164,483 185,522

B—l [Pt. IV]

W. L. Edwards, Accountant. I hereby certify that the Profit and Loss Accounts and Balance-sheets 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-sheets, 1942 to 1946

As at 31st March, As at 31st March, 1942. 1943. 1944. 1945. 1946. 1942. 1943. 1944. 1945. 1946. « .x , . Liabilities £ £ £ £ £ Assets £ £ £ £ £ Capital Account .. .. .. 690,580 690,580 692,440 690,361 690,359 Properties unoccupied: Land, buildings, 85,109 85,067 82,676 82,676 82,676 Reserves and trust funds — | and improvements Labour Repatriation Account .. 1,613 1,519 1,429 1,313 1,229 Properties occupied or leased — Plantation renewals .. .. 7,670 6,628 8,758 15,646 11,211 Residential and Head OfficeNiuean Labour Deferred Pay Account 192 305 1,091 913 408 Land .. .. .. 16,715 16,715 16,382 16,382 16 394 Depreciation for motor-lorries .. .. .. 200 1,400 .. Buildings .. .. .. 23,310 22,452 21,467 22,081 20 449 Reserve for bad and doubtful debts .. 782 496 451 451 451 Other assets .. .. .. 810 1,066 1,027 998 l'llO Sundry creditors .. .. .. 2,619 5,233 4,213 5,273 12,018 Plantations leased— Deposit Account .. .. .. 156 286 604 13 62 Land .. .. .. .. 87,949 87,950 76,113 76,045 76,045 Banana Scheme Account .. .. 12,471 .. .. .. .. Buildings .. .. .. 15,236 12,780 10,648 10,648 10,648 Bank of New Zealand Account .. 657 357 348 314 1,329 Improvements .. .. .. 5,527 4,418 4,032 4,032 4,032 Exchange Account .. .. .. 312 489 .. .. .. Plantations worked— Bank of New Zealand and Exchange .. .. 119 119 94 Land .. .. .. .. 313,821 313,353 290,290 290,294 290,246 Suspense Account Buildings .. .. .. 24,391 27,875 27,694 30,162 34,890 Paymaster-General's Suspense Account 4 .. 28,158 28,144 27,235 Improvements .. .. .. 31,316 29,917 20.225 19,634 27,148 Eire Losses and Writings-off in Suspense 1,283 1,593 2,635 3,096 4,475 Plant, machinery, furniture, and 2,918 5,161 4,859 11,620 10,949 Account stores Lata Demolition Account .. .. .. 92 .. .. .. Live-stock .. .. .. 22,878 18,839 15,729 22,208 23,209 Profit and Loss Appropriation Account 65,583 102,903 117,828 154,483 185,522 Plant and machinery .. .. 380 565 682 1,271 2,570 Motor boats, motor-lorries, cars, and 1,726 1,200 905 3,737 8,293 sundry assets Debtors for rents, &c. .. .. 6,323 5,100 3,349 4,291 4,456 Sundry debtors .. .. .. 6,681 481 820 12,237 37,526 Paymaster-General's Account .. 82,449 81,924 165,819 202,738 137,539 Stores on hand and in transit .. 8,775 8,770 13,782 10,919 18,852 Purchase of copra .. .. .. .. .. .. .. 36,238 Produce on hand and on consignment .. 6,234 6,695 6,355 5,616 10,013 Duty Deposit Account .. .. 42 592 807 Losses on Realization Account .. 7,866 10,765 21,546 19,370 20,062 Banana Scheme Account .. .. 15,004 3,362 5,971 4,005 13,291 Works in progress .. .. .. 4,620 .. .. 272 339 Bank of New Zealand and Exchange 64 238 Suspense Account Outstanding Losses in Suspense Account 1,283 1,283 3,841 2,527 3,229 New Zealand War Expenses Account .. .. 2,632 34,965 35,327 35,327 Lend-lease Account .. .. .. .. 849 1,747 711 Suspense Account .. .. .. .. .. .. .. 17 Cash on hand and at bank .. .. 12,495 60,432 26,543 11,725 8,845 783,922 810,481 858,274 901,526 934,393 783,922 810,481 858,274 901,526 934,393

B—l [Pt. IV]

STATE FOREST SERVICE UTILIZATION BRANCH, ROTORUA CONSERVANCY Box Factory Working Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Stocks of shook, Ist April, 1945 .. .. .. .. 7,965 Sales of box shook .. .. .. .. .. 174,480 Manufacturing expenses .. .. .. .. .. 42,072 Sales of firewood .. .. .. .. .. 174 Timber .. .. .. .. .. .. .. 110,693 Servicing timber for yard .. .. .. .. .. 634 Sales expenses .. .. .. .. .. .. 2,108 Stocks of box shook, 31st Match, 1946 .. .. .. 7,075 Profit and Loss Account .. .. .. .. .. 19,525 £182,363 £182,363 Creosote Plant Working Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Stocks of untreated produce, Ist April, 1945 .. .. 11,158 Sales of creosoted produce.. .. . . .. .. 16,825 Expenses: Seasoning-yard .. .. .. .. 2,021 Issues of creosoted produce .. .. .. .. 249 Purchase of produce .. .. . . .. .. 189 Creosoting timber for yard . . . . .. .. 237 Stocks of creosoted produce, Ist April, 1945 .. .. .. 6,900 Stocks of— Expenses: Creosote plant.. .. .. .. .. 10,466 Untreated produce, 31st March, 1946 .. .. .. 3,374 Sales expenses .. .. .. .. .. .. 338 Treated produce, 31st March, 1946 .. .. .. 11,128 Profit and Loss Account .. .. .. .. .. 741 £31,813 £31,813 Sawmill Working Account for the Year ended 31st March, 1946 Dr. £ Cr. £ Stock of— Sales and issues .. .. .. .. .. .. 178,612 Logs, Ist April, 1945 .. .. .. .. .. 908 Stock of— Timber, Ist April, 1945 . . . . .. .. .. 34,551 Logs, 31st March, 1946 .. . . . . .. 1,118 Purchases .. .. .. .. .. .. 74,271 Timber, 31st March, 1946 .. .. .. .. 32,952 Wages, maintenance, &c. .. .. .. .. .. 81,524 Profit and Loss Account .. .. .. .. .. 21,428 £212,682 £212,682

B—l [Pt. IV]

Profit and Loss Account for the Year ended 31st March, 1946 - - Dr. £ Or. £ Profit and Loss Appropriation Account .. .. .. 41,694 Sawmill Working Account.. .. .. .. .. 21,428 Box Factory Working Account .. .. .. .. 19,525 Creosote Working Account .. .. .. .. 741 £41,694 £41,694 Profit and Loss Appropriation Account for the Year ended 31st March, 1946 Dr. £ £ Cr. £ Interest to 31st March, 1946 .. .. .. 88,324 Balance .. .. .. .. .. .. 4,661 Less interest to 31st March, 1945.. .. .. 73,728 Profit and Loss Account .. .. .. .. .. 41,694 14,596 Balance .. .. .. .. .. .. 31,759 £46,355 £46,355

B—l [Pt. IV]

STATE FOREST SERVICE— continued UTILIZATION BRANCH, ROTORUA CONSERVANCY— continued Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ £ £ Sundry creditors .. .. .. .. .. 9,340 Plant .. .. .. .. .. 123,320 Fire Insurance Reserve .. .. .. .. .. 8,105 Charcoal plant .. .. .. .. 2,295 Profit and Loss Appropriation Account .. .. .. 31,759 125,615 Head Offioe Account .. .. .. .. .. 354,291 Less depreciation .. .. .. .. 9,115 116,500 Less reserve for renewals and maintenance of motor-vehicles .. .. .. 4,413 Less reserve for abnormal depreciation and maintenance.. .. .. .. 6,581 10,994 105,506 Buildings .. .. .. .. .. 106,711 Less depreciation .. .. .. .. 3,670 103,041 Constructional units .. .. .. .. 38,039 Less depreciation .. .. .. .. 1,509 36,530 Departmental property .. .. .. .. 6,507 Less depreciation .. .. .. .. 700 5,807 Establishment Account .. .. .. , . 23,647 Less depreciation .. .. . . .. 1,610 22,037

B —l [Pt. IV]

| Stores .. .. .. • • •• .. 33,019 | Stocks— Logs .. .. .. •• • • • • 1,118 j Sawn timber .. .. .. • • • • 32,952 Carpenters' timber . . .. .. .. 579 Box shook .. .. .. . • • • 7>075 Creosote .. .. .. • • • • 913 Untreated produce .. .. .. . • 3,374 Treated produce .. .. .. •• 11,128 90,158 | Sundry debtors— I Trading .. .. .. .• •• 38,095 ! Other projects .. .. .. • • 2,321 | * 40,416 £403,495 I £403,495 S. W. Trask, Chief Clerk. Examined and found correct,— J. P. Rutherford, Controller and Auditor-General,

B—l [Pt. IV]

STATE FORESTS ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1946 General Revenue Account * Expenditure Income Salaries and contributions to Public Service Superannuation £ Timber— £ £ Fund .. .. .. .. .. .. .. 49,308 Royalties .. .. .. .. .. 9,930 General management of indigenous forests— £ Sales .. .. .. .. .. ..117,766 Postages, cables, stationery, &c. .. .. .. 5,468 Trespass .. .. .. .. .. 512 Forest reconnaissance, timber cruising, &c. .. 23,407 128,208 Legal expenses .. .. .. .. .. 216 Leases— Office rent, heating, lighting, and cleaning .. .. 3,026 Grazing .. .. .. .. .. 1,846 Transportation expenses and maintenance of motor- Sawmill-sites .. .. .. .. .. 305 vehicles .. .. .. .. .. 5,340 Miscellaneous .. .. .. .. .. 398 Travelling and transfer expenses .. .. .. 11,080 2,549 Maintenance of buildings and departmental property 1,213 Licence and transfer fees .. .. .. .. .. 284 Contingencies .. .. .. .. .. 101 Fees for inspections .. .. .. .. .. 3,945 49,851 Administration expenses (Forests Amendment Act, 1926) .. 971 Forest-fire prevention: Fire-fighting wages, &c. .. .. 12,864 Miscellaneous revenue .. .. .. .. .. 2,485 Research and educational: Silvicultural management Profit on sale of books .. .. .. .. .. 147 studies and timber products testing .. .. .. 3,714 Managed forests— £ Miscellaneous— Waipoua and Omahuta: Royalty .. 9,570 Annual rent, Otanewainuku .. .. .. 74 Less loss for year .. .. .. 5,427 Payments of special rates .. .. .. 67 4,143 Payments to other Departments .. .. .. 309 Whirinaki and Pureora : Profit and royalty .. 17,709 Compensation to employees .. .. .. 188 21,852 Work for other Departments .. .. .. 2,169 Refunds of revenue : Unmillable timber .. .. 1,585 4,392 Depreciation .. .. .. .. .. .. 3,657 Balance carried down .. .. . . .. 36,655 £160,441 £160,441

* Excluding Utilization Branch, for which see separate accounts.

B—l [Pt. IV]

Allocation of Revenue Account Dr. £ Cr. £ Consolidated Fund— Balance from General Revenue Account .. .. .. 36,655 National Endowment Account .. .. .. ..16,023 Miscellaneous revenue: Recovery of cost of Timber Control Local bodies : Fifths of revenue (Finance Act, 1924, section 17) 25,185 administration of previous years .. .. .. .. 43,630 General reserve .. .. .. .. .. .. 39,077 £80,285 £80,285 Nurseries and Plantations : Interest and Miscellaneous Dr. £ Cr. £ Interest payable .. .. .. .. .. .. 161,937 Profit on Westland Nursery .. .. .. 10 Interest on commercial projects .. .. .. 14,596 Net interest payable capitalized .. .. ~ .. 147,331 £161,937 £161^937

B—l [Pt. IV]

STATE FORESTS ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities £ 1 Assets £ Land and forest capital .. .. .. .. 36,433,051 Land taken over or purchased .. .. .. .. 1,719,945 National-development loans .. .. .. .. 4,177,438 I Indigenous standing forests taken over or purchased .. 34,028,190 Advances from Consolidated Fund .. .. .. 87,405 Indigenous forests improvements (roads, tracks, protection, Sundry creditors— &c.) .. .. .. .. .. .. 6,663 Consolidated Fund for— £ Regeneration of cut-over areas (including planting) .. 58,346 Interest paid on loans .. .. .. 1,385,072 Indigenous forests under management .. .. .. 95,158 Loans redeemed .. .. .. 141,554 | Cost of establishment of exotic forests .. .. .. 7,199,105 National-endowment revenue collected but not j Seed stocks .. .. .. .. .. .. 1,924 paid over .. . . .. .. 20,023 I Utilization plant, stocks, &c.— | Whakarewarewa: Sawmill, box-factory, and £ 1,546,649 creosoting .. .. .. .. 360,785 On open account .. .. .. .. 97,996 Hanmer Springs: Creosoting .. .. 4,760 1,644,645 Southland: Creosoting .. .. .. 17,574 Reserves—• Miscellaneous .. .. .. .. 3,247 General reserves— 386,366 Indigenous forests .. .. .. 1,121,119 Departmental property (indigenous forests and Exotic forest .. .. .. .. 941, 376 general administration)— Utilization (sawmilling, &c.) .. .. 31,790 Buildings .. .. .. .. .. 17,919 Field, office, and miscellaneous equipment . . 13,498 2,094, 285 Forest atlas . . . . .. . . 3,608 Fire Insurance Reserve .. .. .. 8,105 Motor-vehicles .. .. .. .. 22,336 Reserve for assets held in suspense (see contra) 4,560 Reference library and saleable publications . . 1,444 2,106,950 Stamps on hand .. .. .. .. 193 Credit Suspense Account .. .. .. .. 31 58,998 Amounts held in deposit (see contra) .. .. .. 15,644 Sundry debtors on open account .. .. .. 137,178 Net interest payable capitalized but not charged against specific assets .. .. .. .. 724,242 Assets in Suspense (see contra) .. .. .. 4,560 Cash held in dejjosit (see contra) .. .. .. 15,644 Cash in Public Account and outstanding imprests .. 28,845 £44,465,164 £44,465,164

B—l [Pt. IV]

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 cost, plus compound interest to 31st March, 1940, less returns compounded 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 Accounts. N. J. Dolamore, Assistant 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.

B—l [Pt. IV]

SMALL FARMS SCHEME DISCHARGED SERVICEMEN'S SECTION Revenue Account for the Year ended 31st March, 1946 Dr. £ Or. £ Interest on capital: Loan capital .. .. .. .. 107,089 Rents receivable .. .. .. .. .. .. 4,175 Accident compensation .. .. .. .. .. 264 Interest receivable— £ Losses on disposal of properties to discharged service- Current Account mortgage .. .. .. 117 men— £ Instalment mortgage .. .. .. .. 367 Ascertained loss to date .. .. .. 1,746 Miscellaneous .. .. .. .. .. 196 Less recoverable from War Expenses Account .. 1,746 680 .. Interest on disposal of land and improvements .. .. 7,797 _____ Rebates on superphosphate .. . . .. .. 3 £107,303 Interest on development expenditure recouped .. .. 25,187 —Balance: Loss for year carried down .. .. .. 69,461 £ Loss to 31st March, 1945 .. .. .. .. .. 64,288 £107,303 Balance: Loss brought down ~ .. .. .. 69,461 £ Balance: Loss to 31st March, 1946 .. .. .. 133,749 £133,749 £133,749 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or rent or interest accrued to but not payable at, 31st March, 1946.

B—l [Pt. TV]

Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments Interest on other public moneys: Interest in £ £ £ £ £ respect of advances— Vote " Small Farms Development" .. .. 2,693,164 Current Account mortgages .. .. 215 Finance Act, 1932 (No. 2), section 6 : Transfer from Instalment mortgages .. .. .. 620 Small Farms Account of the value of Crown land On sale of land and improvements .. 4,251 utilized for small farms purposes .. .. 15,202 5,086 Paid from Land for Settlements Account .. 2,708,366 Territorial revenue: Rents under small farms Transfer of balances : Treasury Adjustment Account .. 7,227 scheme . . .. . . . . .. 2,141 Credited to Consolidated Fund . . .. .. 7,227 Receipts from development schemes : Small farms development— Land and improvements disposed of .. 64,263 Seasonal and live-stock .. . . 297, 775 Chattels .. .. .. .. 6,074 Water levies, &c. .. .. .. 28 368,140 Capital receipts— Small farms development: Repayment of principal under mortgages, &c.— Current Account— Improvements .. .. .. 179 Stock and chattels .. .. .. 2,646 Instalment mortgages .. .. .. 4,380 Land and improvements disposed of .. 247, 933 255,138 Credited to Land for Settlements Account . . 623,278 Transfer of balance Land for Settlements Account .. 2,085,088 £2,715,593 £2,715,593

B—l [Pt. IV]

SMALL FARMS SCHEME— continued DISCHARGED SERVICEMEN'S SECTION— continued Balance-sheet as at 31st March, 1946 Liabilities Assets Loan capital— £ £ £ National Development Account .. .. 898,045 Leased land .. .. .. .. .. 201,935 Land for Settlements Account .. .. .. 3,053,576 Blocks under development— 3,951,621 Purchase price of areas being developed, including £ Subsidies (Mihi Block)— value of Education endowment land set aside .. 2,279,193 Employment Promotion Fund .. .. .. 6,979 Gross capital expenditure on development .. 626,095 Consolidated Fund .. .. .. .. 12,606 Expenditure on live-stock, and farm working .. 463,573 19,585 Chattels .. .. .. .. .. 110,053 Land set aside for small farms: Education Endowment Land.. 12,750 Creditors: Miscellaneous (departmental, &c.) .. .. 11,667 3,478,914 Water-supply Account: Maintenance .. .. .. 57 Less value of blocks partly disposed of— £ Profits on blocks disposed of (not finalized) . . .. 40 Unimproved value .. .. 33,014 Payments in advance : Rent . . . . .. .. 27 Improvements . . . . .. 68,150 Accrued interest on capital on blocks being developed .. 120,571 101,164 Writings off in Suspense Account . . . . .. .. 3,298 3,377,750 Treasury Adjustment Account .. .. . . .. 168,181 Compensation for land taken (recoverable on selection) .. 181,960 Water-supply schemes: Headworks .. .. .. 4,921 Advances to mortgagors— Current Account— £ Improvements .. .. . . 44 Stock and chattels .. .. .. 1,512 i, 556 Instalment mortgage . . .. .. .. 5,339 6,895 j Dairy companies' shares . . . . .. .. .. 753 | Blocks in course of disposal (not finalized) .. .. .. 249,413

B—l [Pt. IV]

Debtors— Rent .. .. .. .. .. 1,481 Interest— £ Instalment mortgage .. .. 83 Current Account .. .. .. 39 122 Water levies .. .. .. .. .. 438 Miscellaneous (departmental, &c.) .. .. 3,376 5,417 Deposits held by dairy companies .. .. 1,420 Less reserve .. . . .. .. .. 285 1,135 Interest unrecouped on development expenditure .. .. 120,571 Losses in Suspense Account .. .. .. .. 3,298 Revenue Account: Balance carried forward .. .. 133,749 £4,287,797 £4,287,797

B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION Bevenue Account for the Year ended 31st March, 1946 Dr. Or. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. .. 5,317 Loan capital .. .. .. .. .. 71,291 Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 Current Account mortgages .. .. .. 3,154 72,851 Instalment mortgage .. .. .. .. 11,523 Rent payable .. .. .. .. . . .. 337 Sharemilkers' loans .. .. .. .. 75 Rebates .. .. .. .. .. .. .. 1,579 Miscellaneous .. .. .. .. .. 269 Accident compensation .. .. .. .. .. 695 15,021 Miscellaneous expenses .. .. .. .. .. 9 Interest on disposal of land and improvements .. .. 153 Losses on realization of advances to small farms occupiers .. 1,119 Interest accrued on loan to Napier Harbour Board .. .. 1,613 Remissions of rent .. .. .. .. .. 15 Interest on development expenditure recouped .. .. 130,065 Losses on disposal of developed blocks .. .. .. 9,149 Rebates on superphosphate .. .. .. .. 117 Balance : Profit for year carried down .. .. .. 66,620 Surplus on redisposal of properties .. .. .. .. 88 £152,374 £152,374 £ £ Profit for year brought down .. .. .. .. 66,620 Balance: Loss brought forward from 31st March, 1945 .. 301,998 Balance: Loss to 31st March, 1946, carried forward .. .. 235,378 £301,998 £301,998 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or rent or interest accrued to but not payable at, 31st March, 1946,

B—l [Pt. IV]

Receipts and Payments Account foe the Year ended 31st March, 1946 Receipts Payments £ Interest on other public moneys : Interest in ££ £ Vote " Lands and Survey," item " Payment of rents " .. 429 respect of advances- £ Current Account mortgages .. .. 3,214 Vote " Small Farms Development" .. .. 475,558 Instalment mortgages .. .. .. 14,911 Finance Act, 1932 (No. 2), section 6: Transfer from Under sharemilkers' agreement .. .. 116 Small Farms Account of the value of Crown land 18,241 utilized for small farms purposes .. . . 71,909 Territorial revenue : Rents mider small farms Paid from Land for Settlement Account . . . . ——— 547,467 scheme .. .. .. .. .. 3,907 Transfer of balances : Treasury Adjustment Account .. 21,719 Credited to Consolidated Fund .. .. .. .. 22,148 Receipts from development schemes : Small farms development— Land and improvements disposed of .. 8,993 Seasonal and livestock .. .. .. 359,687 Chattels .. .. .. .. 1,920 Water levies .. . . .. .. 2,399 372,999 Capital receipts—Small farms development: Repayment of principal under mortgages, &c.-—-Current Account— Improvements .. .. .. 1,222 Stock and chattels .. .. .. 55,690 Instalment mortgages .. .. .. 12,789 Sharemilkers' agreements .. .. 951 Realization Account . . .. .. 938 Land and improvements disposed of .. 320 71,910 Grants from Consolidated Fund .. .. .. 8,486 Miscellaneous receipts : Sale of surplus and obsolete stores .. .. . . .. .. 217 Credited to Land for Settlements Account .. 453,612 Transfer of balance : Land for Settlements Account .. .. 93,855 £569,615 £569,615

B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION— continued Balance-sheet as at 31st March, 1946 Liabilities Assets £ Capital— £ £ Leased land .. .. .. .. .. .. 85,940 Loan capital .. .. .. .. 1,243,034 Unleased land .. .. .. .. .. 3,960 Consolidated Fund .. .. .. .. 39,000 Blocks under development— Land for Settlements Account .. .. 617,113 Purchase price of areas being developed, including £ War Expenses Account .. .. .. 4,842 value of Education endowment lands set aside 446,688 •——— 1,903, 989 Gross capital expenditure on development .. 1,889, 888 Subsidies— Expenditure on live-stock, and farm working .. 145,270 Employment Promotion Fund .. .. 497,361 Chattels (including store buildings) .. .. 44,577 Consolidated Fund .. .. .. .. 573,762 - 1,071,123 2,526,423 Loan from Social Security Fund .. .. .. ' 3,161 Less value of blocks partly disposed of— Land donated .. .. .. .. .. 368 £ Land set aside for small farms : Education endowment lands 2,998 Unimproved value .. .. 13,009 Creditors— Improvements .. .. .. 73,075 Rent .. .. .. .. .. 20 86,084 Miscellaneous (departmental, &c.) .. .. 9,419 2,440,339 9,439 Loan to Napier Harbour Board-Water-supply Account: Maintenance .. .. .. 1,452 Ahuriri Lagoon .. .. .. .. 36,221 Profits on blocks disposed of (not finalized) .. .. 10,210 Accrued interest .. .. .. .. 8,706 Payments in advance— - 44,927 Rent .. .. .. .. .. 281 Water-supply schemes: Headworks .. .. .. 14,81.9 Principal: Instalment mortgages .. . . 344 Advances to small farm occupiers— Interest— £ Current Account— Instalment mortgages .. .. 451 Improvements .. .. .. 19,496 Sharemilkers' loans . . .. 4 Stock and chattels . . 34, (545 Current Account .. .. .. 17 54,141 472 Instalment mortgages .. .. .. 326,392 Water levies .. .. .. .. 80 380,533 1,177 Advances under sharemilking agreements .. .. 1,471 Accrued interest on capital on blocks being developed .. 329,133 Realization Account: Leased areas in course of realization.. 7,889 Writings off in Suspense .. ~ 14,910 Blocks in course of disposal (not finalized) .. .. 10,271

B—l [PT. IV]

Capital reserve : Special assets taken over at book value .. 39,453 Debtors Treasury Adjustment Account .. .. .. .. 433,111 Rents .. .. •• •• •• Principal— £ Instalment mortgages .. . . 900 Sharemilkers' loans .. .. 245 1,145 Interest— Instalment mortgages .. .. 2,087 Sharemilkers' loans .. . . 45 Current Account .. .. . • 1,420 3,552 Water levies .. . . • • ■ • 197 Miscellaneous (departmental, &c.) .. .. 1,413 Deposits held by dairy companies . . .. 976 Less reserve .. . • • • • • 241 I 735 I Interest unrecouped on development expenditure .. 329,133 j Losses in Suspense Account .. .. •• 14,910 Subsidies in respect of blocks disposed of— Employment Promotion Fund .. •• 151,675 Consolidated Fund .. .. •• •• 90,795 242,470 Revenue Account : Balance carried forward .. •• 235,378 £3,820,524 £3,820,524

4—B-l [Pt. IV]

B—l [Pt. IV]

SMALL FARMS SCHEME— continued COMBINED SECTIONS Revenue Account for the Year ended 31st March, 1946 Dr. £ £ Or. £ Interest on capital— Rents receivable .. .. .. .. .. .. 9,492 Loan capital .. .. .. .. .. 178,330 Interest receivable— £ Consolidated Fund .. .. .. 1,560 Current Account mortgage .. .. .. 3,271 179,890 Instalment mortgage .. .. .. .. 11,890 Rent payable .. .. .. .. .. .. 337 Sharemilkers' loans .. .. .. .. 75 Rebates.. .. .. .. .. .. .. 1,579 Miscellaneous .. .. .. .. .. 485 Accident compensation .. .. .. . . .. 959 " 15,701 Miscellaneous expenses .. .. .. .. .. 9 Interest on disposal of land and improvements .. .. 7., 950 Losses on realization of advances to small farm occupiers .. 1,119 Interest accrued on loans to Napier Harbour Board .. .. 1, 613 Losses on disposal of developed blocks .. . . .. 9,149 Interest on development expenditure recouped .. .. 155, 252 Remissions of rent . . . . . . . . .. 15 Rebates on superphosphate .. .. . . .. 120 Losses on disposal of properties to discharged servicemen— Surplus on redisposal of properties . . .. .. .. 88 Ascertained loss to date .. .. .. 1,746 Balance: Loss for year carried down .. .. .. 2,841 Less recoverable from War Expenses Account .. 1,746 £193,057 £193,057 Balance— £ Loss brought forward from 31st March, 1945 .. .. 366,286 £ Loss for year brought down .. .. .. .. 2,841 Balance: Loss to 31st March, 1946, carried down .. .. 369,127 £369,127 £369,127 Note.—In accordance with Treasury approval T. 40/436 of 25th March, 1946, no allowance has been made in the above Revenue Account for rent charged in advance of, or rent or interest accrued to but not payable at, 31st March, 1946.

B—l [PT. W]

Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments Interest on other public moneys : Interest in £ £ £ Vote " Lands and Survey," item " Payment of rents on respect of advances— properties leased" : Paid from Consolidated Fund .. 429 Current Account mortgages .. .. 3,428 Vote" Small Farms Development"— £ Instalment mortgages .. .. .. 15,531 Acquisition of land and interest thereon .. 1,777,636 Under sharemilkers' agreement .. .. 117 Expenditure on blocks being developed— £ On sale of land and improvements .. 4,251 Materials and services .. .. 334,604 23,327 Chattels .. .. .. .. 118,822 Territorial revenue : Rents under small farms scheme .. 6 ,048 Wages— Credited to Consolidated Fund .. .. 29,375 Development .. .. .. 70,995 Receipts from development scheme: Small Seasonal .. .. .. 160,710 farms development— Seasonal expenditure and live-stock.. 644,016 Land and improvements disposed of .. 73,256 1,329,147 Seasonal and live-stock .. .. 657,462 Advances to small farm occupiers .. .. 49,413 Chattels .. .. .. .. 7,994 Accident compensation .. .. .. 919 Water levies, &c. .. .. .. 2,427 Water-supply: Maintenance .. .. .. 2,238 741,139 Grants to County Councils .. .. .. 9,109 Capital receipts— Small farms development: Travelling-expenses, &c. .. .. .. 9 Repayment of principal under mortgages, Payment to Anderson Trust Board .. .. 250 &c.— Contingencies .. .. .. .. 2 Current Account— Improvements .. .. .. 1,401 3,168,723 Stock and Chattels .. .. .. 58,336 Finance Act, 1932 (No. 2), Section 6: Transfer from Instalment mortgages .. .. .. 17,170 Small Farms Account of the value of Crown land Sharemilkers' agreements .. .. 951 utilized for small farms purposes .. .. 87,111 Realization Account .. .. . . 938 Paid from Land for Settlements Account .. 3,255, 834 Land and improvements disposed of .. 248, 253 Transfer of balances: Treasury Adjustment Account .. 28,940 327,049 Grants from Consolidated Fund .. .. . . 8,486 Miscellaneous receipts : Sale of surplus and obsolete stores .. .. .. .. . . 217 Credited to Land for Settlements Account .. 1,076,891 : Transfer of balance : Land for Settlements Account . . 2,178,943 £3,285,209 £3,285,209

s—B-l [Pt. IV]

B—l [Pt. IV]

SMALL FARMS SCHEME— continued COMBINED SECTIONS— continued Balance-sheet as at 31st March, 1946 Liabilities Assets £ Capital accounts: Liability to Consolidated Fund £ £ Leased land .. .. .. .. .. .. 287,875 under section 6, National Development Loans Unleased land .. .. .. .. .. 3,960 Act, 1941, for funds provided by— .. Blocks under development— Public Works Account . .. .. ..2,141,079 Purchase price of areas being developed, including £ Land for Settlements Account .. .. 3,670,689 value of Education endowment land set aside.. 2,725,881 Consolidated Fund .. .. .. .. 39,000 Gross capital expenditure on development .. 2,515,983 War Expenses Account .. .. .. 4,842 Expenditure on live-stock and farm working .. 608,843 5,855,610 Chattels (including store buildings) .. .. 154,630 Subsidies— Employment Promotion Fund .. .. 504,340 6,005,337 Consolidated Fund .. .. .. .. 586, 368 Less value of blocks partly disposed of— 1,090,708 £ Loan from Social Security Fund .. .. .. 3,161 Unimproved value .. . . 46,023 Land donated .. .. .. .. .. 368 Improvements .. .. .. 141, 225 Land set aside for small farms Education endowment lands 15,748 187,248 Creditors— 5, 8 18,089 Rent .. .. .. .. .. 20 Compensation for land taken (recoverable on selection) .. 181,960 Miscellaneous (departmental, &c.) .. .. 21,086 Loan to Napier Harbour Board— 21,106 Ahuriri Lagoon .. .. .. .. 36,221 Water Supply Account: Maintenance .. .. .. 1,509 Accrued interest .. .. .. .. 8,706 Profit on blocks disposed of (not finalized) .. .. 10,250 44,927 Payments in advance— Water-supply schemes: Headworks .. .. .. 19,740 Rent .. .. .. .. .. 308 Advances to small farm occupiers— Principal: Instalment mortgages .. .. 344 Current Account— £ Interest— £ Improvements .. .. 19,540 Instalment mortgages .. .. 451 Stock and chattels .. .. 36,157 Sharemilkers' loans .. .. 4 55,697 Current Account .. .. .. 17 Instalment mortgages .. .. .. 331,731 472 387,428 Water levies .. .. .. .. 80 Advances under sharemilkers' agreements .. .. 1,4.71 1,204 Dairy-company shares .. .. .. •• 753 Accrued interest on capital on blocks being developed .. 449,704 Deposits held by dairy companies .. .. 2,396 Writings-off in Suspense .. .. .. .. 18,208 Less reserve .. .. .. .. 526 Capital Reserve: Special assets taken over at book value .. 39,453 1,870 Treasury Adjustment Account: Being interest on Realization Account: Leased areas in course of capital— realization .. .. .. .. .. .. 7,889 Due to Land for Settlements Account .. .. 113,925 Blocks in course of disposal (not finalized) .. .. 259,684

100

B—l [Pi. IVj

Due to Consolidated Fund (less net revenue paid Debtorsdirect) .. .. .. •• •• 487,367 Rents .. .. .. .. .. 2,923 601,292 Principal— £ Instalment mortgages .. .. 900 Sharemilkers' loans .. .. 245 1,145 Interest— Instalment mortgage .. .. 2,170 Sharemilkers' loans . . .. 45 Current Account .. .. .. 1,459 3,674 Water levies .. .. .. .. 635 Miscellaneous (departmental, &c.) .. .. 4,789 13,166 Interest unrecouped on development expenditure .. .. 449,704 Losses in Suspense Account .. .. .. .. 18,208 Subsidies in respect of blocks disposed of— Employment Promotion Fund .. .. 151,675 Consolidated Fund .. .. .. .. 90,795 242,470 Revenue Account: Balance carried forward .. .. 369,127 .:••• £8,108,321 £8,108,321 Note.—(a) Profits or losses from farming operations on blocks under development are included in the Revenue Account only when the final position is ascertained on realization of the block ; (b) interest on expenditure on blocks under development has been credited to Revenue Account only to the extent that trading results have enabled it to be met. The balance has been credited to the Balance-sheet item " Accrued interest on capital on blocks being developed, £449,704." D. M. Greig, Under-Secretary. ■ • 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 departmental notes enfaced thereon and the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV]. The following comments are appended : (1) The account does not bear a charge for the cost of expenses incurred by Departments administering the scheme, other than a reduced charge for the supervision of the erection of cottages and milkingsheds ; (2) it is unlikely that the realizable value of certain properties is equal to the development expenditure thereon ; (3) the audit of the accounts of the Wellington and Nelson Land Districts is not yet completed.— J. P. Rutherford, Controller and Auditor-General.

101

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME Receipts and Payments Account for the Year ended 31st March, 1946 Receipts Payments Ordinary Revenue Account— £ Ordinary Revenue AccountTerritorial revenue, rents, &c. .. .. .. 394 Vote " Lands and Survey "—Drainage works : MainOther receipts— j tenance of completed works— £ £ Miscellaneous rates— £ Waihi .. .. .. .. 1 240 Waihi .. .. 1,446 Kaitaia .. .. .. 2'568 Kaitaia .. .. .. 5,795 Poukawa .. .. .. ~ 430 Poukawa ~ .. .. ~ .. 957 4 238 ~ 8,198 Purchase of plant .. .. .. ~ 2 668 Miscellaneous .. .. .. .. ~ 229 Plant Operating Account .. ~ .. .. 'lO7 Oredits-in-aid ; Vote " Lands and Survey " .. .. .. 1,432 Transfer to Treasury Adjustment Account .. .. ]. 3,240 £10,253 £10,253 Treasury Adjustment Account for the Year ended 31st March, 1946 Dt, £ Cr. . ' £ Receipts and Payments Account .. .. .. .. 3,240 Balance, Ist April, 1945 .. .. .. .. ..372,044 Transfer : Vote " Lands and Survey Account " .. .. 26 Hauraki Plains Settlement Account: Transfer .. !. 40 Rangitaiki land drainage: Net transfer .. .. .. 203 Interest on capital . . ~ .. ~ 6 116 Balance, 31st March, 1946 .. .. .. .. 374,731 £378,200 £378,200

102

B—l [Pt. IV]

Rate Accounts for the Year ended 31st March, 1946 KAITAIA DRAINAGE AREA Special Rate Accounts : Capital Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision. X)r £ £ (Jr. £ . £ Transfer to Reserve 582 80 Balance, Ist April, 1945 .. .. ..1,205 252 Interest charges •• 2,418 330 Rates levied, 1945-46 .. .. .. .. 2,251 444 Remissions .. .. .. • • • • 916 • • 10 per cent, penalty on unpaid rates .. .. 24 6 Balance, 31st March, 1946 .. .. .. 470 289 Remissions transferred to General Revenue Account 906 £4,386 £699 : £4,386 £699 General Rale Accounts : Maintenance mural ■ Town Rural r lo\vii Subdivision. Subdivision. Subdivision. Subdivision, . Dr. £ £ Or. , * Cost of maintenance .. .. .. •• 1,266 173 Balance, Ist April, 1945 .. .. 2,401 285 Remissions ,421 ... . Rates levied, 1945-46 .. .. .. ...1,907 -02 Balance, 31st March, 1946 3,053 315 10 per cent, penalty on unpaid rates .. .. 16 1 Remissions transferred to General Keyenue Account 410 £4J4O £4BB . £4,740 £4BB

103

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME —continued WAIHI DRAINAGE AREA Special Rate Accounts : Capital Puiehina Kaikokopu Pukehina Kaikokopu Ward. Ward. Ward. Ward. rp , r - £ £ Or. £ £ Iransfer to Reserve .. .. .. .. 57 85 Balance, Ist April, 1945 .. .. .. 736 461 Remissions .. ~ ~ .. .. .. 38 Rates levied, 1945-46 .. .. . . .. 320 428 Interest charges .. .. .. .. 198 296 10 per cent, penalty on unpaid rates .. .. .. 1 Balance, 31st March, 1946 .. .. 801 471 £1,056 £B9O £1,056 £B9O General Rate Accounts: Maintenance Pukehina Kaikokopu Central Pukehina Kaikokopu Central Ward. Ward. Ward. Ward. Ward. Ward. , T . , Dr - £ £ £ Cr. £ £ £ Maintenance costs .. .. ..41 603 449 Balance, Ist April, 1945.. .. ..892 40 204 Remissions .. .. .. .... 57 10 Rates levied, 1945-46 .. .. 78 858 600 Balance, 31st March, 1946 .. .. 929 240 345 10 per cent, penalty on unpaid rates .... 2 £970 £9OO £BO4 £970 £9OO £BO4

104

B—l [Pt. IV]

POUKAWA DRAINAGE AREA Special Rate Account: Capital Dr. £ Or Transfer to Reserve 203 Balance, Ist April, 1945 .... 749 Interest charges .. 742 R ate s levied, 1045-46 .. .. Am Balance, 31st March, 1946 __B33 10 per cent, penalty added to unpaid rates !. !! !! 38 £1 ' 778 £1,778 General Rate Accounts: Maintenance Dr. £ Qy Cost of maintenance .. .. 428 Balance, Ist April, 1945 ... 1 f 7l Balance, 31st March, 1946 .. I>2lB Rates levied, 1945-46 .. .. !! .. HI 10 per cent, penalty added to unpaid rates .. .. ~ 12 Thirds .. .. ~ ~ ~ [[ £1,646 £1,646

105

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st Makch, 1946 Liabilities Assets Capital Account: Liability to Consolidated Fund £ £ .Kaitaia Drainage Area— under National Development Loans Act, 1941, Allocated cost of work on which rates are levied— £ £ section 6 (2) .. .. .. .. 498,018 Rural subdivision .. .. .. .. 60,000 Less— £ Town subdivision .. .. .. .. 8,200 Land for Settlements Account .. .. 530 i 08,200 Loans Redemption Account .. .. 5 Excess cost of works not recoverable .. .. 164,448 535 Interest Account: Amount chargeable to area Reserve: Repayment of capital costs— 497,483 capitalized to 31st March, 1940 .. .. 168,958 Kaitaia Drainage Area— 333,406 Rural subdivision .. .. .. 6,843 Waihi Drainage Area— Town subdivision .. .. .. 935 Allocated cost of work on which rates are levied— 7,778 Pukehina subdivision .. .. 5,000 Waihi Drainage Area— Kaikokopu subdivision .. .. .. 7,500 Pukehina subdivision .. .. 665 Central subdivision .. .. .. .. 46,068 Kaikokopu subdivision .. .. 998 58,568 1,663 Excess cost of works not recoverable .. .. 28,583 Poukawa Drainage Area .. .. .. .. 2,079 Interest Account: Amount chargeable to area 11,520 capitalized to 31st March, 1940 ». .. 48,576 Rate Accounts—• 77,159 Special Rate Accounts : Capital— Poukawa Drainage Area— Kaitaia Drainage Area— Drainage works .. .. .. .. 17,494 Rural subdivision .. .. ..470 Interest Account: Amount chargeable to area .. 1,313 Town subdivision .. .. .. 289 18,807 759 Hilturangi Drainage Area— Waihi Drainage Area— Drainage works .. .. .. .. 260,165 Kaikokopu subdivision .. .. 471 Less amount written off .. .. .. 184,389 Pukehina subdivision .. .. 801 • 1,272 75,776 Poukawa Drainage Area .. .. .. 833 Interest Account: Amount chargeable to area 2,864 capitalized to 31st March, 1940 .. .. 163,068 General Rate Accounts : Maintenance— 238, 844 Kaitaia Drainage Area— Mangawai Drainage Area— Rural subdivision .. .. .. 3,053 Drainage works .. .. .. .. 1,878 Town subdivision .. .. .. 315 Interest Account: Amount chargeable to works to 3,368 31st March, 1939 .. .. .. .. 1,606 Waihi Drainage Area— Pukehina subdivision . . .. 929 j 3,484 Central subdivision .. .. 345 \ Less amount written off .. .. 3,484 Kaikokopu subdivision .. .. 241 i Harihari Drainage Area— 1,515 I Drainage works .. .. ». .. 4,355

106

B—l [Pt. IV]

Poukawa, Drainage Area . > .. 1,218 Interest Account : Amount chargeable to area 6,101 capitalized to 31st March, 1940 .. .. 3,429 Plant Working Account .. , . , . . . ~ 126 7, 784 Sundry creditors .. . . . . . . . . 63 Unpaid purchase-money on land sold on deferred Payments in advance: Rates . . . . . . 718 payment .. .. .. .. .. .. 670 Building Suspense .. .. . . . . . . 106 Buildings .. .. .. .. .. . . 997 Drainage Works Suspense . . . . .. 672 Buildings: Loading . . . . . . .. .. 106 Writings-off in Suspense .. .. .. .. .. 4,193 Plant and machinery .. .. .. .. 3,469 Treasury Adjustment Account .. .. .. .. 374,731 Loose tools .. .. .. .. .. .. 56 Stores on hand .. .. .. .. .. .. 892 Motor-vehicles .. .. .. .. .. .. 50 Sundry debtors for rates : Capital. Maintenance. Total. Drainage Area. £ £ £ Kaitaia .. .. .. 4,300 2,185 6,485 Waihi .. .. .. .. 2,347 1,827 4,174 Poukawa .. .. .. .. 3,522 891 4,413 Sundry debtors:— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. .. .. 73 Law-costs .. .. .. .. .. 97 Departmental .. . . .. .. .. 1 171 Revenue Aecount— »Wailu Drainage Area: Central subdivision 24,190 General Revenue Account .. .. .. .. 31,542 Suspense Account— Capital rates remitted: Kaitaia Drainage Area .. .. .. 13,965 Losses iii Suspense .. .. .. .* ■ .. 4,193 Cash in transit from post-office .. .. .. .. 436 £898,577 £898,577 Note.—Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rates Accounts and interest onfthe balance of the expenditure was capitalized, but, in terms of Treasury Instructions No. 81, Treasury agreed that thereafter interest on irrecoverable expenditure need not be brought into the accounts. D. M. Greig, Under-Secretary for Lands. Y. J. H. Pledger, Acting Chief Accountant. I hereby certify that the Eate Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental note enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Ft. IV].—J. P. Rutherford, Controller and Auditor- General.

107

B—l [Pt. IV]

TARANAKI MAORI TRUST BOARD Statement op Receipts and Payments por the Year ended 31st March, 1946 Receipts Payments Balance as at Ist April, 1945— £ £ Marae— £ In bank.. .. .. .. .. 6,959 Renovation grants .. .. .. .. .. 293 War Loans .. .. .. .. .. 6,000 Miscellaneous grant .. .. .. .. .. 169 —— 12,959 District grants .. .. .. .. .. .. 2,058 Compensation grant .. .. .. .. .. 5,000 Special grants .. .. .. .. .. .. 150 Interest .. .. .. .. .. .. .. 138 Education grants .. .. .. .. .. .. 613 Bent .. .. .. .. .. .. .. 23 Health grants .. .. .. .. .. .. 2,211 Wharepuni Pa: Refund .. .. .. .. 14 Loan: Manukorihi Pa Improvement Scheme .. .. .. 1,000 Administration of Board .. .. .. . . .. 502 Office renovation .. .. .. .. .. .. 150 Credit balance— War Loans— £ Government stock .. .. .. 3,000 National Savings .. .. 3,060 6,060 Bank ,# .. .. .. .. 4,928 10,988 £18,134 £18,134 Statement op Income and Expenditure por the Year ended 31st March, 1946 Expenditure Income Marae— £ £ Renovation grants .. .. .. .. ..1,120 Compensation grant .. .. .. .. .. 5,000 Miscellaneous grants . . .. . . .. .. 319 Interest, War Loans: Government stock .. .. .. 77 District grants .. .. .. .. .. .. 1,200 Rent .. .. .. .. .. .. .. 102 Special grants .. .. .. .. .. .. 100 Health grants .. .. . . . . .. .. " 210 Education grants .. .. .. .. .. .. 282 Rehabilitation grant .. . . . . .. 1,000 4,231 Administration of Board .. .. .. .. .. 618 Balance : excess of income over expenditure .. .. .. 330 £5,179 £5,179

108

B—l [Pt. TV]

Balance-sheet as at 31st March, 1946 Liabilities Assets Marae— £ Land and buildings— £ £ Renovation grants .. .. .. .. .. 3,949 Balance as at Ist April, 1945 .. .. .. 1,091 Miscellaneous grants .. .. .. .. .. 329 Less depreciation .. ~ .. .. 34 Health grants .. .. .. .. .. .. 400 1,057 Rehabilitation Reserve Fund .. .. .. .. 4,060 Furniture and fittings— Reserve Fund: General .. .. .. .. .. 2,019 Balance as at Ist April, 1945 .. .. .. 87 Sundry Creditors .. .. ~ .. .. .. 12 Less depreciation .. .. .. .. 4 Office renovation Grant .......... 28 83 Appropriation Account— £ Sundry debtors .. .. .. .. .. .. 353 Balance as at Ist April, 1945 .. .. .. 2,361 Office: Payments in advance .. .. .. .. 7 Add excess of income over expenditure .. .. 330 Loan : Manukorihi Pa Improvement Scheme .. .. 1,000 2,691 Investments— Inscribed stock .. .. .. .. 3,000 National Savings .. .. .. .. 3,060 6,060 Cash balance in bank .. .. .. .. .. 4,928 £13,488 £13,488 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 receipts were produced at audit in respect of payments totalling £1,409 4s, lOd.—J. P, Rutherford, Controller and Auditor-General.

109

B—l [PT. IV

TUWHARETOA TRUST BOARD Statement of Receipts and Payments for the Year ended 31st March, 1946 Receipts Payments £ Balance, 31st March, 1945— £ £ Grants .. .. .. .. .. .. .. 2,862 New Zealand Government War Loan .. .. 750 Members .. .. .. .. . . .. .. 72 New Zealand Government Liberty Bonds .. ... 250 Office expenses .. .. .. .. .. .. 142 New Zealand Government Victory Bonds . . . . 100 Petty cash expended .. .. .. .. .. 10 National Savings Account .. .. .. 995 Sundry unclassified expenses .. .. .. .. 44 Post Office Savings-bank .. . . . . . . 8 Advances and repayments credits .. . . .. .. 482 Bank of New Zealand .. . . . . .. 287 Balance, 31st March, 1946— £ 2,390 New Zealand Government War Loan .. .. 750 Grant from New Zealand Government . . .. 3,000 New Zealand Government Liberty Bonds .. . . 250 Interest .. .. . . . . .. .. .. 24 New Zealand Government Victory Bonds . . . . 100 Repayments against advances .. . . .. .. 176 National Savings .. .. .. .. 1,019 Refunds grants .. .. . . . . .. .. 25 Bank of New Zealand .. .. .. .. 9 Lake Rotoaira Account .. . . . . .. .. 22 Post Office Savings-bank .; .. .. ; c 8 Excess licence fees .. .. .. .. ~ .. 106 2,136 Office rent .. .. . . .. .. .. 5 £5,748 £5,748 Statement oe Revenue and Expenditure for the Year ended 31st March, 1946 Expenditure £ Revenue £ Grants .. .. .. .. .. .. .. 2,816 Grant, New Zealand Government .. .. .. 3,000 Members .. .. .. . . . . .. .. 72 Interest .. .. .. .. .. .. .. 24 Office expenses .. .. . . . . .. . . 152 Excess licences .. .. .. . . .. .. 106 Petty cash expended .. . . . . . . .. 10 Sundry unclassified expenditure ........ 44 £3,130 3,094 £~~ Surplus .. .. .. .. .. .. 36 Balance brought forward .. .. .. .. .. 7,526 — Surplus, 1945-46 .. ' .. .. .. .. .. 36 £3,130 £ Balance .. .. .. .. .. .. .. 7,562 £7,562 £7,562

110

B—l [Pt. IV]

Balance-sheet as at 31st March, 1946 Liabilities £ Assets Reserve for depreciation .. .. .. .. .. 59 Office— . £ £ Sundry creditors ~ .. .. .. .. ~ 38 Furniture .. .. . . .. .. 42 Balance, Income and Expenditure Account .. .. .. 7,562 Appliances .. .. .. .. .. 17 59 Post Office Savings-bank .. .. .. .. .. 8 Tongariro Timber Owners' Claims Account .. .. .. 2,000 Ngati-Tuwharetoa compensation claim : Principal .. .. 1,074 Barclay, G. .. .. .. .. .. .. 4 Sundry debtors for advances .. .. .. .. 2,386 Loan, New Zealand Government, free of interest .. .. 750 National Savings Account .. .. .. .. .. 1,019 Liberty Bonds .. .. .. .. .. .. 250 Victory Bonds .. .. .. .. .. .. 100 Bank of New Zealand .. .. .. .. .. 9 £7,659 £7,659 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.

111

B—l [Pt. IV]

MARINE DEPARTMENT WESTPORT HARBOUR ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Dredging .. .. .. .. .. .. 41,041 Special coal rate .. .. .. .. .. .. 19,266 Harbour maintenance .. .. .. .. .. 9,080 Endowment revenue .. .. .. .. 15,134 Breakwater protective works .. .. .. .. 160 Port dues .. .. .. .. .. .. 2,898 Working-expenses of tug and launch .. .. .. 90 Hire of plant .. .. .. .. .. .. 94 Office administration (local) .. .. .. .. 1,717 Sale of stores, &c. .. .. .. .. .. 40 Endowments: Administration expenses ~ .. .. 400 Rent .. .. .. .. .. .. .. 99 Compensation for accidents .. .. .. .. 1,598 Use of transmission line .. .. .. .. .. 74 Payments to Post and Telegraph Department .. .. 181 Supervision of explosives magazine .. .. .. .. 75 Motor-vehicles: Maintenance .. .. . . . . 117 Miscellaneous— £ Travelling-expenses .. .. .. .. .. 93 Refund wharfage on explosives ... .. .. 16 Head Office administration .. .. .. .. 600 Freight .. .. .. .. .. 4 Depreciation— £ 20 Buildings .. .. .. .. .. 141 Excess expenditure over income .. .. .. .. 26,166 Dredge wharf, &c. .. .. .. .. 2,360 2,501 Interest on loans .. .. .. .. .. 6,288 £63,866 £63,866

112

B—l [Pt. IV]

Receipts and Payments Account for the Year ended 31st March, 1946 Receipts £ Payments £ Marine revenue: Westport Harbour receipts.. .. .. 38,743 Refunds of revenue .. .. .. .. 12 Final charges: Adjustment .. .. .. 769 Westport Harbour payments .. .. .. ..51,975 Oedits-in-aid (gross) .. * .. .. .. .. 13 Final charges: Adjustments .. .. .. •. 770 Balance carried down .. .. .. .. .. 13,232 £52,757 £52,757 Treasury Adjustment Account Dr. £ Or. £ Balance carried down .. .. .. .. .. 13,832 Balance brought down .. .. .. .. .. 13,232 Administration charges: Head Office .. .. .. 600 £13,832 £13,832 _ ___ Balance carried down .. .. .. .. .. 197,803 Balance brought down .. .. .. .. .. 13,832 Balance, Ist April, 1945 .. .. .. .. .. 177,683 Interest on capital .. .. .. .. •. • • 6,288 £197,803 £197,803 Balance .. .. .. .. .. £197, 803

113

B—l [FT. IV]

MARINE DEPARTMENT— continued WESTPORT HARBOUR ACCOUNT— continued Balance-sheet as at 31st March, 1946 Liabilities Assets Liability to Consolidated Fund— £ £ Endowments lands— £ £ Finance Act, 1926 (No. 2), section 22 .. .. 64,783 Leased .. .. .. .. .. 34,882 Finance Act, 1932, section 16 .. .. .. 92,422 Unleased .. .. .. .. 24,900 157,205 59,782 Endowment capital .. .. .. .. .. 59,782 Breakwaters .. .. .. .. .. .. 344,333 General Reserve at 31st March, 1945 .. .. 191,362 Training- walls .. .. .. .. .. .. 102,998 Less excess expenditure over income for 1944-45 32,822 Protective works and relief channel.. .. .. .. 17,384 158,540 Limestone- quarry .. .. .. .. .. 128 Writing off, Reserve Account .. .. .. ... 101 Gridiron .. .. .. .. ~ .. 1,098 Payments in advance .. .. .. .. .. 154 Dredge Wharf .. .. .. .. .. .. 465 Greditors— Martin's Island .. .. .. .. .. .. 700 Departmental .. .. .. .. .. 113 Harbour buildings .. .. .. .. .. 1,226 Sundry .. .. . . .. .. 6,192 Dredges, tug" Mana," plant, &c. .. .. .. .. 3,801 6,305 Cape Foulwind Railway .. .. .. .. .. 8,251 Treasury Adjustment Account .. .. .. .. 197,803 Office furniture and fittings .. .. .. .. 16 • Stock and stores .. .. .. .. .. .. 9,045 Suspense Account .. .. .. .. .. 10 Debtors— Accrued revenue .. .. .. ~ 2,939 Departmental .. .. .. .. .. 400 Sundry .. .. .. .. .. 1,047 4,386 Writing off, Suspense Account .. .. .. .. 101 Excess expenditure over income for year 1945-46 .. .. 26,166 £579,890 | £579,890 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. W. C. Smith, Secretary. J. Southward, Assistant Accountant.

Approximate Cost of Paper.—Preparation, not given: printing (588 copies), £220.

By Authority: E. V. Paul, Government Printer. Wellington.—l 947,

Price 2s. 3d.]

114

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932), Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932) Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932) Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932) Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932) Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932) Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1945-46 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932) Appendix to the Journals of the House of Representatives, 1947 Session I, B-01-part03

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