BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1946-47 AUDITED ACCOUNTS (Presented to Parliament in Terms of Section 57 of the Finance Act, 1932)

Appendix to the Journals of the House of Representatives, 1948 Session I, B-01-part03

B—l [PT. IV]

1948 NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1946-47 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 (1948) .. .. .. .. .. .. 9 Government Life Insurance Department (see Parliamentary Paper H-8). Hauraki Plains Settlement .. .. .. .. .. .. .. .. 14 Housing Account (see Parliamentary Paper B-13). Land for Settlements Account .. .. .. .. .. .. .. 17 Main Highways Account (see Parliamentary Paper D-l). Maori Purposes Fund Board .. .. . .. .. .. .. .. 22 Maori Affairs Department— Building Construction Fund .. .. .. .. .. i. 24 District Maori Land Boards .. .. .. .. .. .. 26 Maori Housing Act, 1935 .. .. .. .. .. .. .. 32 Maori Land Development Schemes .. .. .. .. .. . - .. 34 Maori Rehabilitation .. .. .. .. .. .. .. 38 Special Maori Housing Fund .. .. .. .. .. .. 39 Maori Trustee .. .. .. .. .. .. .. .. .. 41 Marketing Department— Export Division (see Parliamentary Paper H-30). Internal Marketing Division (see Parliamentary Paper H-30a). National Broadcasting Service .. .. .. .. .. .. .. 44 National Broadcasting Service : Commercial Division .. .. .. .. .. 46 Post and Telegraph Department .. .. .. .. .. .. .. 48 Printing and Stationery Department .. .. .. .. .. .. 53 Public Service Superannuation Board (see Parliamentary Paper H-26). 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 .. .. .. .. .. .. .. 58 Reparation Estates .. .. .. .. .. .. .. .. 61 Small Farms Scheme .. .. .. .. .. .. .. .. 64 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 .. .. .. .. .. .. .. .. .. 72 State Iron and Steel Department .. .. .. .. .. .. 76 Swamp Land Drainage Scheme .. .. .. .. .. .. 77 Taranaki Maori Trust Board .. .. .. .. .. .. .. 82 Tourist and Health Resorts .. .. .. .. .. .. .. .. 84 Tuwharetoa Trust Board .. .. .. .. .. .. .. 88 War Damage Fund (see Parliamentary Paper B-ll). Westport Harbour Account .. .. .. .. .. .. .. .. 90

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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], 1947, 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.—ln 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 deducation 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.

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B—l tPT. IV]

ARAWA DISTRICT TRUST BOARD General Statement oe Receipts and Payments for the Year Ended 31st March, 1947 Receipts £ £ Payments , £ Balance at bank, 31st March, 1946 .. .. .. 132 Bonds and debentures: Mortgage No. 1 .. .. .. 2,134 Reserve Bank of New Zealand : War bonds .. .. 2,100 Administration expenses .. .. .. .. .. 1,298 2,232 Rotorua Borough Council: Ohinemutu sewerage .. .. 541 New Zealand statutory grant .. .. .. .. 6,000 Loans granted—- £ Loans repayment— Miscellaneous .. .. .. .. .. 661 Miscellaneous .. .. .. .. .. 621 Workers' dwellings .. .. .. .. 376 Workers' dwellings ........ 371 1,037 992 Grants— Contributions and subsidies— Maraes . .. .. .. .. 1,439 Maraes, meeting-houses, &c. .. .. .. 549 Maintenance of meeting-houses .. .. .. 118 Maintenance of meeting-houses .. .. .. 26 Education .. .. .. . . .. 1,840 Miscellaneous .......... 18 3,397 593 Special grants .. .. .. .. .. .. 1,213 Deposits .. .. .. .. .. .. .. 425 Deposits .. .. .. .. .. .. . . 407 Miscellaneous .. .. .. .. .. .. 335 Miscellaneous .. .. .. . . . . .. 788 Refunds .. .. .. .. .. . . .. 264 Advances to sundry tribes .. .. .. .. . . 43 Arawa Maori Council .. .. .. .. .. 2 Library .. .. .. .. .. . . . . 2 Maketu rents, taxes, &c. .. .. .. . . .. 60 Office furniture .. .. . . .. .. .. 19 Interest .. .. .. .. .. .. .. 2,131 Sundry creditors for wages-tax .. .. .. .. 16 Advances to sundry tribes . . .. .. . . .. 55 Bank balance at 31st March, 1947 .. . . . . 94 War loans— Liberty .. .. .. .. .. 500 Liberty : Third stock .. .. . . . . 1,000 Victory Loan .. .. . . .. .. 500 Ngati Pikiao war bond .. .. .. 100 2,194 £13,089 £13,089

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B—l [Pt. IV]

Income and Expenditure for the Year Ended 31st March, 1947 Part I Expenditure £ Income £ Education grants .. .. .. .. .. .. 1,624 Arawa District Trust Board .. .. .. .. .. 6,000 Marae grants .. .. .. .. .. .. 1,270 Maketu Farm: Interest, 1946-47 .. .. .. .. 2,078 Members' expenses .. .. .. .. .. 102 Interest received .. .. .. .. .. .. 53 Maketu general expenses .. .. .. .. . . 8 Arawa Maori Council .. .. .. .. .. 2 Office rent .. .. .. .. .. . ; 91 Arawa Tennis Club .. .. .. .. .. 3 Office expenses .. .. .. .. .. .. 204 Discounts .. .. .. .. .. .. .. 9 Salaries .. .. .. .. .. .. .. 873 Maketu rents, taxes, &c. .. .. .. .. .. 58 Special grants .. .. .. .. .. .. 1,271 Maori arts and crafts rents .. .. .. .. .. 54 Depreciation .. .. .. .. .. .. 159 Ohinemutu sewerage .. .. .. .. .. 270 Interest .. .. .. . . .. .. •. 440 6,312 Balance carried down .. .. .. .. .. 1,945 £8,257 £8,257 Part II Expenditure £ £ I Income £ Loans Repayment Reserve . . .. .. .. 1,694 J Balance brought down .. .. .. .. 1,945 Maketu Farm adjustment, 1946-47 .. .. .. 440 Balance, Ist April, 1946 .. .. .. .. .. 20,336 2,134 Balance, 31st March, 1947 .. , . .. .. ..20,147 £22,281 £22,281

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B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD—continued Balance-sheet as at 31st March, 1947 Liabilities £ Assets £ £ Maori Trustee: Mortgage No. 1 .. .. .. .. 11,443 Property investments— Sundry creditors: Distinguished visitors .. .. .. 109 Maketu Farm investment .. .. .. ..36,031 Sundry accounts in credit: Maintenance of meeting-houses . . 287 Tautara No. 20a .. .. .. .. 110 Amounts held in trust .. .. .. . . . . 102 Whakapoungakau No. 4k .. .. .. .. 438 Sundry villages .. .. .. .. .. ..2,103 Marakekeroa A 2 .. .. .. .. 45 Miscellaneous . . .. .. .. .. . . 40 Maori arts and crafts assets . . .. .. 813 Sundry tribes .. .. .. .. . . . . 17 Prentice's house .. .. .. .. .. 301 Deposits .. .. .. .. .. .. .. 223 37,738 Loans Repayment Reserve .. .. .. .. .. 17,598 Loans, including interest— Education Grants Reserve .. .. .. .. . . 400 Education suspense .. .. .. .. 542 Income and expenditure .. .. .. .. .. 20,147 Miscellaneous .. .. .. .. .. 3,219 Workers' dwellings .. .. .. .. 3,110 6,871 Sundry debtors : Village and tribal .. .. .. .. 5,053 Equipment, plant, &c. .. .. .. .. .. 613 Bank of New Zealand .. .. .. .. 199 Less outstanding cheques .. .. .. .. 105 94 War loans investment .. .. .. .. 2,100 £52,469 £52,469 ■ i ===== J. Z. N. Mitchell, Chairman. T. K. Thompson, Secretary. The Audit Office, having examined the Balance-sheet and accompanying accounts, required by law to be audited, hereby certifies them to be correct.— J. P. Rutherford, Controller and Auditor-General.

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B—l [Pt. IY]

MAKETU FARM Profit and Loss Account for the Period Ended 31st March, 1947 Dr. £ Or. £ Losses on horses .. .. .. .. .. .. 55 Profit on cattle .. .. .. .. . . . . 492 Loss on dairy cattle .. . . .. .. .. 251 Profit on sheep .. .. .. .. . , .. 1,183 Calves Adjustment Account .. .. .. .. .. 238 Profit on pigs .. .. .. .. . . , . 212 Interest .. .. .. .. •• •• •• 2,078 Dairy company shares: Interest .. .. .. .. 4 Depreciation .. .. .. .. .. .. 434 Butterfat receipts .. .. .. .. .. .. 3,823 Maintenance costs on farm .. .. .. .. .. 4,019 Wool receipts .. .. .. .. .. .. 918 Sundry receipts .. .. .. .. .. .. 12 Loss for year .. .. .. .. .. .. 431 £7,075 £7,075 Appropriation Account £ £ Balance, Ist April, 1946 .. .. .. .. .. 4,706 Balance, 31st March, 1947 .. .. .. .. ..5,146 Loss for year .. .. . . .. .. . • 431 Adjustments .. .. .. .. .. • • 9 £5,146 £5,146

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B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD— continued MAKETU FARM'— continued Balance-sheet (As incorporated in Arawa District Trust Board books for period ended 31st March, 1947) Liabilities ' £ Assets £ £ Capital Account, Arawa Trust Board .. .. .. .. 41,176 Buildings.. .. .. .. .. .. 3,574 Sundry creditors .. .. .. . . .. . . 107 Less depreciation .. .. .. .. 179 3,395 Replacement of sheds— Dairy .. .. .. .. 1,140 Implements and equipment .. .. .. .. 1,490 Less depreciation .. .. .. .. 186 1,304 Office car and garage .. .. .. .. 549 Less depreciation .. .. .. .. 68 4Bl Land-development .. .. .. .. .. .. 21,000 Tauranga Power Board : Deposit .. .. .. .. 21 Dairy company shares .. .. .. .. .. 77 Debtors .. .. .. .. .. . . . . 713 Sundry debtors: Stock .. .. .. .. .. 2 Cash at bank .. .. .. . . .. 1,386 Less outstanding cheques .. .. . . .. 70 1,316 Appropriation Account .. .. .. , . .. 5,146 Horses on hand .. .. .. . . . . .. 490 Run cattle on hand .. .. . . ~ .. 259 Dairy cattle on hand .. .. .. .. .. 4,624 Sheep .. .. .. .. .. .. .. 1,081 Pigs .. .. .. .. .. .. .. 234 £41,283 £41,283 A. Mclntyre, A.R.A.N.Z., Advisory Accountant to Board. J. Z. N. Mitchell, Chairman, Arawa District Trust Board.

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B—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT 31st MARCH, 1948 Profit and Loss Account for the Year ended 31st March, 1948, compared with Year ended 31st March, 1947 Gross Revenue Account

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Dr. 1947-48. 1946-47. 1 Cr. 1947-48. 1946-47. Generating-expenses — Hydro- electric — Arapuni Karapiro .. .. ... Horahora Waikaremoana (Tuai) Waikaremoana (Piripaua) Mangahao Cobb River Lake Coleridge Waitaki Arnold Highbank Monowai £ 38,OSS 12,832 6,318 26,271 5,752 15,166 38,152 20,265 13,335 3,356 7,160 11,251 £ £ 35,835 10,624 53,479 5,943 17,719 12,109 18,240 14,376 2,954 6,463 10,239 Sales of electrical energy — Bulk for resale Other than for resale — Traction Industrial Retail £ 53,471 157,853 150,221 £ 2 848,883 361,545 £ £ 2,707,601 54,652 156,343 148,446 3,210,428 3,067,042 Rents — Land and buildings Lines and plant 27,491 1,286 28,777 25,598 779 26,377 197,946 Miscellaneous revenue 19,197 16,157 187,981 Fuel — King's Wharf Penrose Huntly .. .. Stoke Dobson 171,780 22,517 268 4,892 25,940 225,397 162,272 31,091 1,958 4,047 20,608 219,976 Purchase of power in bulk Standby charges 348,854 34,517 486,465 33,640 Transmission system : Patrol and maintenance Substations Operation and maintenance .. Communication system: Patrol and maintenance Distribution: Maintenance System operation, testing, &c. Administration costs and expenses 806,714 76,961 128,149 15,568 33,727 55,700 342,502 928,062 88,518 121,145 IS,770 42,097 50,297 281,495 Balance, to Net Revenue and Appropriation Account 1,459,321 1,799,081 1,530,384 1,579,192 £3,258,402 £3,109,576 £3,258,402 £3,109,576

B—l [Pt. IV]

(a) The rate of depreciation was amended by section 4 of the Finance Act (No. 2), 1947, from 2 per cent, per annum to 1 per cent, per annum as from Ist April, 1947. The limit of the Depreciation Reserve was, by the same Act, raised from one-eighth to one-quarter of the capital outlay.

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT 31st MARCH, 1948—continued Net Revenue and Appropriation Account

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Dr. 1947-48. 1946-47. Or. 1947-48. 1946-47. North Island Account balance Interest — On capital liability at 4 per cent, per annum Less interest capitalized. £ 1,204,946 294,308 £ 167,606 £ 91,652 1,016,878 277,429 Balance from Gross Revenue Account Interest Reserve North Island Account balance £ 1,799,081 60,997 £ 1,579,192 167,606 On Depreciation Reserve at 4 per cent, per annum 910,638 161,618 1,072,256 739,449 144,354 883,803 Depreciation at 1 per cent, per annum on completed works Social security charge National security tax Income-tax 263,054 (a) 353,747 21,684 144,076 165,760 30,567 10,189 203,098 243,854 Balance to Loans Redemption Fund 191,402 173,742 £1,860,078 £1,746,798 £1,860,078 £1,746,798

B—l [Pt. IV]

Loan Redemption Fund Account

Depreciation Reserve Account

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Dr. 1947-48. 1946-47. Or. 1947-48. 1946-47. Replacements, renewals, &c. Balance £ 370,546 4,094,585 £ 66,538 4,040,459 Balance (North Island Account) Balance (South Island Account) Interest at 4 per cent, per annum Net Revenue and Appropriation Account: Depreciation at 1 per cent, on completed works £ 2,729,718 1,310,741 £ 2,382,622 1,226,274 4,040,459 161,618 263,054 3,608,896 144,354 (a) 353,747 £4,465,131 £4,106,997 £4,465,131 £4,106,997 (a) The rate of depreciation was amended by section 4 of the Finance Act (Ho. 2), 1947, from 2 per cent, per annum to 1 per cent, per annum as from 1st April, 1947. The limit of the Depreciation Reserve was, by the same Act, raised from one-eighth to one-quarter of the capital outlay.

Dr. 1947-48. 1946-47. On j 1947-48. 1946-47. Balance at end of year £ 3,540,426 1 £ 3,349,024 Balance (North Island Account) .. .. Balance (South Island Account) .. .. .. Net Revenue and Appropriation Account: Balance avail- j able for further redemption £ 2,025,045 1,323,979 £ 2,025,045 1,150,237 3,349,024 191,402 3,175,282 173,7-42 £3,540,426 £3,349,024 £3,540,426 £3,349,024

B—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT 31st MARCH, 1948—continued General Balance-sheet at 31st March, 1948, compared with Position at 31st March, 1947

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Liabilities. 31/3/48. 31/3/47. Assets. 31/3/48. 31/3/47. Capital liability : National Development Loans Account at 4 per cent, interest Current and accrued liabilities — Interest Sundry creditors Sundry credit balances £ 318,103 923,186 9,975 £ 33,271,888 1,251,264 £ 27,945,630 266,100 779,649 3,407 Operating capital — ITydro-electric plants — Arapuni .. .. ,. Karapiro .. .. .. Horahora .. ., .. Lake Taupo Control .. Waikaremoana (Tuai) .. .. Waikaremoana (Piripaua) Mangahao Cobb River Lake Coleridge Waitaki .. .. .. Arnold .. .. .. Highbank .. .. .. Monowai £ [ 3,032,453 3,700,433 186,683 968,910 1,044,175 1,372,777 638,603 859,166 1,980,671 147,601 508,310 207,283 £ £ 3,012,110 327,040 151,005 961,621 1,040,443 1,372,653 632,790 858,875 1,979,558 147,488 504,410 209,348 1,049,156 Reserves — Depreciation Reserve Loans Redemption Fund — Used for redemption of loans Available for further redemption 3,349,024 191,402 4,094,585 3,540,426 4,040,459 3,175,282 173,742 14,647,065 3,349,024 Fuel plants — King's Wharf Penrose Huntly Stoke Dobson 11,197 ,341 Interest Reserve .. 60,997 341,476 66,522 11,264 20,046 176,865 345,499 66,522 11,264 20,054 136,544 7,635,011 7,450,480 616,173 579,883 Transmission system Substations Communications system Distribution system Offices, stores, land, and buildings Cost of raising loans Interest during construction on assets in operation :: :: 4,096,666 4,254,694 426,823 1,126,306 261,326 876,346 2,106,864 3,941,760 4,152,054 341,863 1,079,241 250,436 876,394 1,793,167 1 1 28,412,263 24,212,139

B—l [Pt. IV]

E. Percy, A.R.A.N.Z., Chief Accountant, State Hydro-electric Department. I hereby certify that the Gross Revenue and Net Revenue and Appropriation Accounts and the General Balance-sheet have been duly 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.

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Works under construction — Hydro-electric plants — Karapiro No. 3 Unit .. Waikaremoana (Kaitawa) Maraetai Cobb River.. Waitaki No. 5 Unit Lake Tekapo Lake Pukaki Control Roxburgh Transmission lines Substations Other works 375,556 1,715,170 2,986,259 298,866 128,582 1,066,355 552,858 103,553 1,021,998 1,407,487 208,031 9,864,715 545,068 229,784 9,196,642 564,544 93,957 Interest capitalized on works under construction Surveys and investigations of other schemes Current and accrued assets — Plant, motor-vehicles, and tools Stocks of materials Sundry debtors Cash in Public Account I imprest outstanding 538,778 1,018,120 941,330 483,504 124,601 39,051,830 3,106,333 34,067 ,282 377,336 935,495 733,894 136,437 27,216 Net Revenue and Appropriation Account (North Island) 167,606 £42,158,163 £36,445,266 £42,158,163 £36,445,266 Contingent liability : Arrears of appropriation to Loan. Redemption Fund £ 1,166,804 £ 840,676

B—l [Pt. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT Receipts and Payments Account for the Year Ended 31st March, 1947 Receipts Payments Ordinary Revenue Account— £ Ordinary Revenue Account— £ Departmental receipts : Rents, &c. .. .. .. 9,051 Vote " Lands and Survey"— Hauraki Plains Act, 1926 Drainage works : Stop-banks, clearing channels, and other Rates .. .. .. .. .. .. 3,520 expenditure incidental to conducting drainage operations Miscellaneous .. .. .. .. .. 3,259 (including formation and metalling of roads), materials Public Works Account: Finance Act, 1932, section 7 (4) .. 12,134 supplied, &c. .. .. .. .. .. 7,006 Maintenance of completed works .. .. .. 2,975 Kaihere Ferry expenses .. .. •. • • 692 Transfer toPublic Works Account .. .. .. .. .. 12,134 Treasury Adjustment Account .. .. .. .. 5,157 £27,964 £27,964 Revenue Account for, the Year Ended 31st March, 1947 Dr. £ Cr. £ Interest on capital .. .. .. .. .• 6,040 Accrued rents .. .. .. .. .. .. 3,703 Administration expenses and rebates .. .. .. 706 Accrued interest on sales of land, &c. .. .. .. 2,273 Kaihere Ferry (net cost of operating) .. .. .. 450 Loss for year carried down .. .. .. .. 1,220 £7,196 £7,196 £ £ Net loss brought down .. .. .. .. .. 1,220 Balance carried forward: Loss to 31st March, 1947 .. .. 382,764 Interest in respect of previous years on capital of Land for Settlements Account .. .. .. .. . • 439 Balance from previous year .. .. .. .. 381,105 £382,764 £382,764 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, 1947.

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[B—l Pt. IV]

Rate Account for the Year Ended 31st March, 1947 Br. £ Cr. £ £ Balance at Ist April, 1946 .. .. .. .. .. 232 Rates levied for 1946-47 .. .. .. .. 3,366 Maintenance of completed works .. .. .. 3,125 Penalty on 1946-47 rates .. .. .. .. 47 Remissions .. .. .. .. .. • • 22 Balance as at 31st March, 1947 .. .. .. .. 33 3,413 Less penalty overcharged, 1945-46 rates .. ~ 1 3,412 £3,412 £3,412 Treasury Adjustment Account for the Year Ended 31st March, 1947 Dr. £ Or. £ Capital Account .. .. .. .. .. .. 3,684 Balance at Ist April, 1946 .. .. .. ..382,976 Receipts and Payments Account .. .. .. .. 5,157 Interest on loan capital .. .. .. .. .. 6,040 Transfers to Interest in respect of previous years on capital of Land for Rangitaiki Land Drainage .. . . .. .. 50 Settlements Account .. .. .. .. .. 439 Swamp Land Drainage .. .. .. .. .. 8 Lands and Survey Department Account: Administration expenses 261 Lands and Survey Department Account .. .. .. 83 Balance, 31st March, 1947.. .. .. .. .. 380,734 £389,716 £389,716

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B—l [Pt. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT— continued Balance-sheet as at 31st March, 1947 Liabilities Assets Capital Account— £ £ £ Improved lands handed over to Land Board for Loan capital.. .. .. .. 800,371 settlement— £ £ Less redemption .. .. .. 677,134 Leased .. .. .. 73,914 123,237 Unleased .. .. .. .. .. 744 Capital provided from Ordinary Revenue Account .. 23,129 Unpaid purchase-money for land sold on deferred Value of Crown land set apart under Act .. .. 45,000 payment .. .. .. .. .. 34,403 Transferred from Discharged Soldiers Settlement 109,061 Account .. .. .. .. .. 405 Unimproved value of lands .. .. .. .. 14,664 Works in progress : Expenditure on land in course of 191,771 reclamation, including formation, metalling of roads 714,018 Less cash to credit of Land for Settlements Account 3,240 Less amount written off . . .. .. 665, 000 188,531 -—— 49,018 Employment Promotion Fund: Capital .. .. .. 10,084 Capital expenditure— Consolidated Fund: Capital .. .. .. .. 6,112 Employment Promotion Fund .. .. .. 10,084 Rate Account .. .. .. .. .. .. 33 Consolidated Fund .. .. .. .. 6,112 Sundry creditors: Departmental .. .. .. .. 5,160 16,196 Payments in advance .. .. .. .. .. 731 Artesian wells: Crown lands .. .. .. .. 217 Writings-off in Suspense .. .. .. .. .. 9 Buildings .. .. .. .. .. .. 476 Treasury Adjustment Account .. .. .. .. 380,734 Wharves .. .. .. .. .. .. 5 Machinery, plant, and tools .. .. .. .. 6,083 Stores .. .. .. .. .. .. .. 5,916 Debtors— Rates .. .. .. .. .. 314 Rents, &c. .. .. .. .. .. 89 Miscellaneous .. .. .. .. .. 6,572 6,975 Postponed rent .. .. .. .. .. .. 10 Losses in Suspense .. .. .. .. .. 9 Revenue Account .. .. .. .. .. 382,764 £591,394 £591,394 D. M. Greig, Under-Secretary for Lands. Y. J. H. Pledger, A.R.A.N.Z., 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.

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B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year Ended 31st March, 1947 Dr. Cr. £ Expenses of a general nature— £ Revenue of a general nature : Interest on funds in— Interest on capital— Small Farms Account .. .. .. .. .. 172,702 Loans .. .. .. .. .. .. 409,949 Maori Affairs Department Account .. .. .. 1,904 Value of Crown land in estates .. .. .. 8,478 Revenue derived from estates— Accumulated funds of Cheviot Estate .. .. .. 6,561 Rents .. .. .. .. .. .. 357,537 Interest payable under section 208, Land Act, 1924 .. 566 Interest on sales— Audit fees .. .. .. .. .. 250 Land .. .. .. .. .. .. 20,877 Expenses referring to estates— Buildings .. .. .. .. .. .. 3,255 Capital losses on revaluation, reallotment, &c. .. .. 10,943 Miscellaneous interest, &c. .. .. .. .. 65 Administration charges: Salaries, &c. .. .. .. 1,279 Royalties .. .. .. .. .. .. 338 Administration expenses .. .. .. .. 8,709 Land-development revenue— Rebates .. .. .. .. .. .. 31,865 Rents .. .. .. .. .. .. '3,684 Remission of rent, &c. .. .. .. .. .. 6,700 Interest on sales, &c. .. .. .. .. .. 1,190 Rents, &c., written off .. .. .. .. .. 172 Interest on advances .. .. .. .. .. 8,046 Protection of securities : Repairs, &c. .. .. .. 331 Interest earned on sundry blocks farmed by the Department 527 Expenses chargeable to land-development revenue— Miscellaneous . . .. .. .. .. .. 8 Administration expenses .. .. .. .. 305 Revenue derived under the Deteriorated Land Act, 1925 : Rebates .. .. . . .. .. ... 837 Interest on advances .. .. .. .. .. 146 Remissions of rent, &c. .. . . .. .. .. 5 Interest overcharged in previous years : Miscellaneous accounts 1,095 Rents, &c., written off .. .. .. .. .. 691 Compensation for injuries to workmen .. .. .. 14 Miscellaneous ............ 2 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925— Administration expenses .. .. .. .. 5 Rebates .. .. .. .. .. .. 10 Balance : Surplus for year carried down .. .. .. 83,702 £571,374 £571,374 £ * £ Balance brought forward .. .. .. .. .. 194,581 Surplus for year ended 31st March, 1947, brought down .. 83,702 Part interest on capital moneys received from sale of Crown lands Transfer accumulated funds : Cheviot Estate .. .. 31,083 (section 13, Land Laws Amendment Act, 1926) .. .. 83,702 Balance carried forward : Deficiency to 31st-March, 1947 .. 163,498 £278,283 £278,283 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, 1947.

17

B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued Balance-sheet as at 31st March, 1947 Liabilities Assets General General £ Capital— £ £ Cash .. .. .. .. .. .. 542,626 Loans .. .. .. .. .. 10,811,188 Moneys advanced to— £ Crown lands included in estates .. .. 211,940 Small Farms Account .. .. .. 4,964,397 Accumulated funds: Cheviot Estate .. 464,832 . Maori Land Settlement Account .. .. 112,163 Sales of Crown land under section 20, Land Act, " * 5,076,560 1924 .. .. .. .. .. 3,508,698 Consolidated Fund: Interest, Small Farms Account .. 286,627 Capital transferred from Discharged Soldiers Losses in Suspense .. .. .. .. .. 727 Settlement Account .. .. .. 4,789 Revenue Account: Loss to 31st March, 1947 .. 163,498 Cash referring to other Departments and funds— £ Estates Rangitaiki Drainage District Account 96 Land— £ Hauraki Plains Account .. .. 3,240 Leased .. .. .. .. .. 8,864,123 Crown Lands Account .. .. 990 Unleased .. .. .. .. .. 48,991 Survey Liens Account .. .. 7,581 8,913,114 Swamp Land Drainage Account .. 530 Provisional State forest .. .. .. .. 3,158 12,437 Buildings and improvements unsold .. .. .. 4,157 -15,013,884 Advances on mortgage : Section 35, Finance Act, 1940 .. 140 Deposits by lessees: Section 208, Land Act, 1924 .. 34,838 Sales debtors— £ Consolidated Fund: For interest due— £ Buildings, &c. .. .. .. .. 64,257 On loan capital .. .. .. .. 547,031 Land .. .. .. .. .. 392,931 On funds of other Departments and accounts : 457,188 On Maori Land Settlement Account .. 7,640 Plant and machinery . . . . . . .. 3,835 On Crown lands included in estates (section 47, Less depreciation .. .. .. .. 3,451 Land Laws Amendment Act, 1929) .. 8,478 384 On capital moneys received from sale of Crown Loading on Otago University Endowment Leases : Capital .. 985 lands (section 13, Land Laws Amendment Debtors for— £ Act, 1926) .. .. .. .. 83,702 Rents, royalties, instalments, &c. .. .. 41,501 On Accumulated Fund Cheviot Estate Account Postponed charges .. .. .. .. 4,609 (section 19 (4) of Finance Act, 1930 (No. 2) ) 18,593 Departmental and miscellaneous .. .. 3,636 665,444 . . 49,746 Reserve for losses on assets transferred from Discharged Soldiers Realization Account .. .. .. .. .. 381 Settlement Account .. .. .. .. 8,191 T ... rc- a tit Land-development Writings-ott m suspense .. .. .. .. 727 Land £ Hutt Valley Land Settlement Account (see subsidiary accounts Leased .. .. .. .. .. 82 208 attached) .. .. .. .. 5,318 Unleased .. ~ .. 9,'287 91,495

18

B—l [Pt. IV]

Estates I Sales debtors— Payments in advance : Rents and instalments .. .. 9,604 Buildings, &c. .. .. .. .. 1,872 Sundry suspense accounts .. .. .. .. 462 Land .. .. .. .. .. 16,093 Creditors: Departmental and miscellaneous .. .. 1,153 17,965 Mortgage outstandings (not yet payable)— Land-development Current Account .. .. .. .. 51,174 Land set aside: Section 8, Land Laws Amendment Instalment mortgage .. . . .. 99,955 Act, 1929 £ 151,129 Areas under development: Crown lands .. 28,982 Crown and settlement lands under development .. .. 23,250 Settled areas— Expenditure on development of Crown and settleCrown lands .. .. .. .. 39,864 ment lands— Primary education endowment lands .. 178 Improvements .. .. .. .. 8,091 69,024 Chattels .. .. .. .. .. 1,552 Payments in advance: Rents and instalments .. .. 1,948 ( Seasonal and live-stock .. .. .. 11,170 Creditors: Departmental and miscellaneous .. .. 349 | 20,813 Free capital from Consolidated Fund .. .. . . 1,532 Debtors for— Accrued interest on capital expenditure .. .. 4,360 Rents, instalments, water levies, &c. .. .. 4,015 Free capital on blocks disposed of .. .. .. 386 Departmental and miscellaneous .. . . 467 4,482 Realization Account .. .. .. .. .. 614 Subsidies in respect of blocks disposed of .. .. 386 Unrecouped interest on development expenditure .. 4,360 Improvements Unsold Account: Blocks .. .. 1,076 Deteriorated Land Act, 1925 Mortgage outstandings— £ Current Account .. .. . . . . 314 Instalment Mortgage .. .. .. 2,038 2,352 Debtors for interest and principal instalments .. .. 7 £15,817,220 £15,817,220 D. M. (xREiG, Under-Secretary for Lands. V. J. H. Pledger, A.R.A.N.Z., Chief Accountant. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

19

B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued HUTT VALLEY LAND SETTLEMENT ACCOUNT (Subsidiary to Land for Settlements Account) Profit and Loss Account for the Year Ended 31st March, 1947 £ Cr. £ Administration expenses .. .. .. .. .. 95 Interest on sales .. .. .. 3 0 47 Interest written off .. .. .. ~ ~ 1 Rent .. '' * • • > Rebates .. .. .. ~ ~ ~ 19 '' '' '' '' '' " " 0 Balance (profit for year) transferred to Profit and Loss Appropriation Account .. .. ~ ~ ~ 3 075 £3,190 £3,190 . , 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, 1947. Profit and Loss Appropriation Account for the Year Ended 31st March, 1947 t> ■ ® r ' £ Balance carried forward : Profit earned to 31st March, 1947 .. 231,047 I Balance brought forward .. .. .. .. ..227,972 Profit for year transferred .. .. .. ~ 3 ; 075 £231,047 £231,047

20

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 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) .. .. .. .. 52,502 Street-formation .. . . .. .. 206, 888 Sundry debtors— Incidental expenses .. .. .. .. 21,858 Instalment— £ Principal .. .. .. .. .. 3,191 393,728 Interest .. .. .. .. .. 1,455 Interest on capital provided .. .. .. 81,666 Rents .. .. .. .. .. 47 4,693 475,394 Profits transferred to Railways Department— Less deduction under section 11 (2) (a) of the Hutt Profits realized in cash and paid to Railways Valley Land Settlement Act and section 11 (2) of Department .. .. .. .. . . 140,968 Finance Act, 1932 .. .. .. .. 475,394 Balance unpaid on area taken for workshops .. 26,389 Balance due .. .. .. .. .. .. 167,357 Instalment paid in advance .. .. .. .. 3 Losses in Suspense .. .. .. .. .. 1 Writings-off in Suspense .. .. .. .. .. 1 Land for Settlements Account: Fund in hand available for Profit and Loss Appropriation Account .. .. .. 231,047 disposal under section 11 of Finance Act, 1932 .. .. 5,318 £231,051 £231,051 D. M. Greig, Under-Secretary for Lands. Y. -T. H. Pledger, A.R.A.N.Z., Chief Accountant.

21

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS MAORI PURPOSES FUND BOARD Receipts and Payments Account for the Year Ended 31st March, 1947 Receipts £ ' Payments £ Balance, Ist April, 1946 .. .. .. .. .. 48,517 Administration expenses .. .. .. .. .. 226 Interest: Maori Trust Office (3 per cent.) .. .. .. 1,580 Grants .. .. .. .. .. .. .. 2,775 Grants from Consolidated Fund .. .. .. .. 13,375 Balance, 31st March, 1947 .. .. .. .. ..61,981 Requisitions on Maori Land Boards .. .. .. .. 1,375 Sales of publications .. .. .. .. .. 121 Sale of typewriter .. .. .. .. .. 14 £64,982 £64,982 Income and Expenditure Account for the Year Ended 31st March, 1947 jExpenditure £ | Income £ Administration expenses . . .. .. . . .. 234 Interest : Maori Trust Office .. .. .. . . 1,580 Grants : Government Free Place— £ | Grant from Consolidated Fund .. . . .. .. 375 Scholarships .. .. .. .. . . 500 j Requisitions on Maori Land Boards for specific purposes .. 1,375 Miscellaneous .. .. .. .. .. 1,925 Reimbursing grant from Consolidated Fund .. .. .. 13,000 2,425 Profit on typewriter sold and depreciation written back .. 11 Free issue of publications .. .. .. .. .. 10 Sales of publications (net) .. .. .. .. .. 9 Balance, being excess of income over expenditure .. . . 13,681 £16,350 J £16,350

22

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 Liabilities I Assets £ Special funds— £ £ j Cash with Maori Trustee .. .. .. .. ..61,981 Carnegie Corporation grant for Maori arts and crafts.. 342 Publications for sale .. .. .. .. .. 1,342 Ngati-Kahungunu .. .. .. .. 10 Publication Account: " Mystery of the Moa" .. .. 240 Ruatoki Carved Meeting-house .. . . .. 41 Pingao for sale .. .. .. .. .. .. 5 Publication Account: Native Custom .. .. 9 Library .. .. .. .. . . .. .. 322 402 Furniture, fittings, &c. . . '. . .. .. .. 44 Unpaid grants .. .. .. .. .. .. 1,200 Sundry debtors .. .. .. .. .. .. 32 Sundry creditors .. .. .. .. .. .. 16 Accumulated Fund— £ Balance, Ist April, 1946 .. .. .. .. 48,667 Add excess income over expenditure, 1946-47 .. 13,681 62,348 £63,966 £63,966 G. P. Shepherd, Maori Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. J. M. McEwen, Secretary to the Board. 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.—J. P. Rutherford, Controller and Auditor-General,

23

B—l [PT. IV]

DEPARTMENT OF MAORI AFFAIRS— continued BUILDING CONSTRUCTION FUND (LAND FOR SETTLEMENTS ACCOUNT) Revenue Account foe the Year Ended 31st March, 1947 ih\ £ Q r „ Interest on capital .. .. .. .. .. .. 4,397 Charges against jobs for administration, &c. .. .. .. 4,896 Sundry expenses 10 6 Insurance rebates .... 1 Depreciation on plant, buildings, and equipment .. .. 705 Holiday pay surplus "" " " qi Repairs and maintenance 14 Net loss, carried down .. ->74 Builders maintenance .. .. .. .. .. 30 '' " Loss on stores trading .. .. .. .. .. 10 £5,262 £ £5,262 Net loss for year brought down .. .. .. .. 274 £ Profit, transferred to Accumulated Revenue Account .. .. 1,151 Administration charge on works in progress at 31st March, 1946 .. 1,425 £1,425 £1,425 • —— Accumulated Revenue Account for the Year Ended 31st March, 1947 Dr. £ fj „ Balance, Ist April, 1946 1,313 Profit from Revenue Account 1,151 Balance, 31st March, 1947 .. .. .. .. .. 'i62 £1 > 313 £1,313

24

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 Liabilities £ Assets £ £ Loan capital: Land for Settlements Account .. .. 150,739 Plant, tools, and equipment .. .. .. 6,661 Liability to Consolidated Fund for interest .. .. .. 5,779 Less depreciation reserve .. .. .. 941 Grant from Consolidated Fund .. .. .. .. 2,775 5,720 Sundry creditors .. .. .. .. .. .. '16,059 ■ Land, buildings, roads, &c. .. .. .. 7,443 Writings -off in Suspense .. .. .. .. .. 328 Less depreciation reserve .. .. .. 360 £ 7,083 Stocktaking Suspense: Surpluses .. .. .. 146 Motor-vehicles .. .. .. .. .. 1,931 Less deficiencies .. .. .. .. 123 Less depreciation reserve .. .. .. 219 23 1,712 Timber, stores, and materials .. .. .. ..32,874 Buildings under construction (503) .. ... .. .. 101,016 Sundry debtors .. . . . . .. .. .. 22,185 Administration charge accrued . . . . . . . . 4,623 Losses in Suspense .. .. .. .. .. 328 Accumulated Revenue Account .. .. .. .. 162 £175,703 £175,703 Note.—Administration expenses are paid from Consolidated Fund, vote " Maori Affairs," and are not debited to the Revenue Account herein. A charge of 2J per cent, is levied against completed jobs and buildings under construction and refers partly to administration costs. GL P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., 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 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.

25

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued DISTRICT MAORI LAND BOARDS Combined and Separate Receipts and Payments Account for the Year Ended 31st March, 1947

26

— Totals. Tokerau. WaikatoManiapoto. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Receipts Cash balance as at 1st April, 1946 — In hand and in bank Imprests at Post Office Total receipts Withdrawals from amounts on deposit with Maori Trustee Totals Payments Total payments Deposits with Maori Trustee Cash balances as at 31st March, 1947 — In hand and in bank Imprests at Post Office Totals £ 22,215 2,567 £ 4,868 £ 6,310 £ 2,693 141 £ 2,107 362 £ 3,971 699 £ 1,395 1,014 £ 871 351 24,782 575,419 52,000 4,868 57,431 6,310 85,699 2,834 71,460 2,469 145,777 12,000 4,670 139,337 13,500 2,409 62,051 21,500 1,222 13,664 5,000 652,201 62,299 92,009 74,294 160,246 157,507 85,960 19,886 £ 516,682 92,800 40,245 2,474 £ 47,758 4,000 10,541 £ 61,613 19,500 10,896 £ 57,840 12,500 3,732 222 £ 150,306 3,000 6,793 147 £ 118,134 33,300 5,157 916 £ 71,034 12,000 1,885 1,041 £ 9,997 8,500 1,241 148 652,201 62,299 92,009 74,294 160,246 157,507 85,960 19,886

B —l [Pt. IV]

Interest Accounts for the Year Ended 31st March, 1947

27

— Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawliiti. Aotea. Ikaroa. South Island. Dr. Interest on mortgages and other investments .. Interest on amounts on deposit with Maori Trustee Interest on overdrafts £ 19,713 7,988 100 £ 1,363 462 23 £ 2,232 1,546 2 £ 2,272 2,012 £ 5,396 394 £ 4,568 2,861 12 £ 3,214 489 63 £ 668 224 Totals 27,801 1,848 3,780 4,284 5,790 7,441 3,766 892 Gr. Interest allocated to sundry blocks, accounts, &c. Balances transferred to Income and Expenditure Account GO C+3 1Q 1> £ 226 £ 825 £ 461 £ 500 £ 3,130 £ 2,258 £ 168 20,233 1,622 2,955 3,823 5,290 4,311 1,508 724 Totals 27,801 1,848 3,780 4,284 5,790 7,441 3,766 892 -

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued DISTRICT MAORI LAND BOARDS— continued Income and Expenditure Accounts for the Year Ended 31st March, 1947

28

— Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Income Net interest on investments Board commission Income from farms and other activities Sundry credits : Registration and lease fees, &c. Totals Expenditure Expenses of management — Contribution towards expenses of Department of Maori Affairs Audit fees Miscellaneous office and other expenses Depreciation on buildings, furniture, &c. .. Balance, being surplus for year, transferred to Appropriation Account Totals . . .. .. £ 20,233 5,787 1,671 552 £ 1,622 268 159 £ 2,955 704 987 123 £ 3,823 1,185 Dr. 112 6 £ 5,290 1,374 775 182 £ 4,311 1,308 71 £ 1,508 688 21 11 1 £ 724 260 28,243 2,049 4,769 4,902 7,621 5,690 2,228 984 £ 7,846 477 2,931 2,211 14,778 £ 68 262 45 1,674 £ 1,300 64 211 454 2,740 £ 1,176 58 1,149 450 2,069 £ 1,796 89 800 660 4,276 £ 2,020 121 437 358 2,754 £ 1,024 51 48 163 942 £ 530 26 24 81 323 28,243 2,049 4,769 4,902 7,621 5,690 2,228 984

B—l [Pt. IV]

Appropriation Account for the Year Ended 31st March, 1947

29

— Totals. Tokerau. WaikatoManiapoto. | j Waiariki. ! Tairawhiti. 1 Aotea. Ikaroa. South Island. Dr. Surplus for year transferred from Income and Expenditure Account Balance, 31st March, 1947 £ 14,778 922 £ 1,674 922 £ 2,740 £ 2,069 £ 4,276 £ 2,754 £ 942 £ 323 Totals 15,700 2,596 2,740 2,069 4,276 2,754 942 323 Gr. Balance, 1st April, 1946 Sundry adjustments previous years (net) Appropriations during year — Maori purposes Purchase of land, buildings, furniture, &c. .. Other .. Balance, transferred to Assurance and Reserve Account £ 2,515 288 675 4,026 646 7,550 £ 2,515 81 £ 3 150 67 566 1,954 £ "i26 50 3,373 19 Gr. 1,499 £ i48 325 590 61 3,152 £ Cr.' i31 150 34 2,701 £ Gr. 14 Gr. 26 982 £ 75 Gr. 12 260 Totals 15,700 2,596 2,740 2,069 4,276 2,754 942 323

B—l [FT. IV]

DEPARTMENT OF MAORI AFFAIRS— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1947

30

— Totals. Tokerau. WaikatoManiapoto, Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Liabilities Liability to Maori beneficiaries — Amounts held under section 281, Maori Land Act, 1931, and other trusts — Specially invested (section 101 (2), 1931) .. Invested in Common Fund Other amounts held — Specially invested (section 101 (2), 1931) At call £ 4,452 232,606 66,307 427,045 £ 9,318 48 j223 £ 2,805 20,634 4,019 79,275 £ 27,662 710 £ 230 4,551 29,323 88,907 £ 97,290 26.965 74.966 £ 1,317 66,590 5,665 22,157 £ 100 6,561 335 17,807 730,410 57,541 106,733 123,372 123,011 199,221 95,729 24,803 Sundry amounts held on deposit and in suspense — Maori Trustee (including Special Housing Fund) Other Sundry creditors Liability to Treasury for advances under section 340, Maori Land Act, 1931 14,719 2,606 1,695 1,107 2,823 4,857 1,186 445 57,497 4,731 338 12,949 267 4,957 28,982 1,036 9,953 137 494 2,860 338 157 373 5 58 77,285 15,822 6,652 31,125 12,913 8,549 1,716 508 Office reserves, including balance of Appropriation Account 274,703 Dr. 822 36,077 74,376 73,484 78,049 10,229 3,310 Totals 1,082,398 72,541 149,462 228,873 209,408 285,819 107,674 28,621 Assets Cash balances — In hand and in bank Imprests at Post Office £ 40,245 2,474 £ 10,541 £ 10,896 £ 3,732 222 £ 6,793 147 £ 5,157 916 £ 1,885 1,041 £ 1,241 148 42,719 10,541 10,896 3,954 6,940 6,073 2,926 1,389

B—l [Pt. IV]

Note.—The items previously appearing herein respectively as liabilities and assets of special trusts under sections 105 and 358 of the Maori Land Act, 1931, have been omitted for the reason that only assets and liabilities as concern the Maori Land Board (and not the individual trusts) should appear in the accounts of a Maori Land Board. G. P. Shepherd Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been compared with the accounts and Balance-sheets of the respective Maori Land Boards, and correctly state the position as disclosed thereby, subject to the following exception— Aotea: Exception: No evidence of payment was produced at audit in support of payments totalling £437 15s. 4d.— J.P.Rutherford, Controller and Auditor-General.

31

Investments — Common Fund — Mortgages and charges .. .. 194,321 16,844 13,382 22,237 49,178 69,417 18,637 4,626 Farm properties .. .. .. 73,043 .. 11,709 42,888 16,717 .. 1,729 On deposit with Maori Trustee .. 335,108 19,863 65,219 77,842 13,780 108,907 38,721 10,776 Advances on overdraft to blocks, &c. .. 23,985 1,148 5,731 12,644 1,592 1,888 805 177 Government securities .. .. 262,110 22,865 20,049 47,065 71,187 55,009 35,685 10,250 Company shares .. .. .. 101 .. . . .. .. .. 101 Particular estates — Mortgages .. .. .. .. 13,025 .. 6,148 .. .. 1,710 5,167 Government and other securities .. 57,734 .. 676 .. 29,553 25,255 1,815 435 959,427 60,720 122,914 202,676 182,007 262,186 102,660 26,264 Sundry debtors .. .. .. .. 4,541 154 267 2,757 1,249 93 21 Interest and instalments (due and accrued) .. 10,896 1,026 34 9,704 .. .. 132 15,437 1,180 301 12,461 1,249 93 153 Land and buildings .. .. .. 42,611 .. 11,083 5,858 11,524 14,146 Office equipment, &c. .. .. .. 22,204 100 4,268 3,924 7,688 3,321 1,935 968 64,815 100 15,351 9,782 19,212 17,467 1,935 968 1,082,398 72,541 149,462 228,873 209,408 285,819 107,674 28,621

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI HOUSING ACT, .1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account foe the Year Ended 31st March, 1947 Receipts Payments Repayments by Maoris— £ £ Expenditure on dwellings— £ £ Principal .. .. .. .. .. 26,872 Purchases .. .. .. .. .. 10,278 Interest .. .. .. . . ~ 7,223 Erections .. .. . . ~ , . 83,742 34,095 Repairs and additions . . . . .. 17 445 Deposits against advances .. .. .. .. .. 6,228 Miscellaneous .. .. .. .. .. 118 Rehabilitation interest concessions .. .. .. 126 ] ] ] 583 Balance, withdrawal from Land for Settlements Account .. 71,403 Refunds of deposits .. .. .. .. '269 £lll >852 £11M52 Income and Expenditure Account for the Year Ended 31st March, 1947 Expenditure Income £ £ Interest on loan capital— £ £ Interest charged to loan accounts .. . . .. 7,714 Public Works Account .. .. .. 3,777 Less interest allowed on credit balances .. .. 191 Land for Settlements Account .. . . .. 2,505 7 523 6,282 Insurance rebates .. .. .. .. ~ ~ 57 Balance, being excess of income over expenditure .. .. 1,298 £7,580 £7,580

32

B—l [PT. IV]

Balance-sheet as at 31st March, 1947 Liabilities \ Assets Loan capital— £ £ Advances to Maoris (561)— £ £ Public Works Account .. .. .. .. 94,429 Principal .. .. .. .. .. 218,508 Land for Settlements Account .. .. .. 98,340 Interest outstanding .. .. .. .. 332 192,769 218,840 Deposits against advances .. .. .. .. 10,664 Sundry debtors .. .. .. .. .. 157 Credit balance in loan accounts (158) .. .. .. 355 Sundry creditors .. .. .. .. .. .. 62 Liability for interest— £ # On Public Works Account capital .. . . .. 6,605 On Land for Settlements Account capital .. .. 4,253 10,858 Accumulated Profit and Loss Account— Balance, Ist April, 1946 .. .. .. .. 2,991 Excess of income over expenditure .. .. 1,298 4,289 £218,997 £218,997 Note.—(1) Separate accounts are published for advances from Special Maori Housing Fund and for the Building Construction Fund; (2) labour subsidies are not recorded in these accounts ; (3) administration expenses are paid from Consolidated Fund, vote " Maori Affairs." G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

2—B 1 [Pt. IV]

33

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI LAND DEVELOPMENT AND SETTLEMENT SCHEMES Interest Account for the Year Ended 31st March, 1947 Dr. £ Or. Interest on loan capital .. .. .. .. 83,144 Interest on advances under— Interest on advances— Part I, Maori Land Amendment Act, 1936— £ £ Consolidated Fund under section 8, Finance Act, 1929 .. 72 Land under development .. .. .. 43,556 Under Part I, Maori Land Amendment Act, 1936, overcharged Short-charged, 1943 and 1946 .. .. 155 on land under development for 1944 and 1945 .. .. 611 Amount transferred to Revenue Account .. .. .. 11,339 43,711 Settlers .. .. .. .. .. 49,957 93,668 Section 340, Maori Land Act, 1931 : Maori Land Boards .. .. .. .. .. 14 Section 48, Maori Land Amendment Act, 1936 : Maori settlers .. * .. .. .. 1,484 1,498 £95,166 £95,166

34

B—l [Pt. IV]

Revenue Account for the Year Ended 31st March, 1947 Dr. £ Or. £ Departmental charge overcharged on expenditure on land- Amount transferred from Interest Account .. .. .. 11,339 development for 1944 and 1945 .. .. .... .. 229 Stores on-cost, profit, dividends, recoveries, and insurance Amount transferred to Net Revenue Account .. .. 49,477 rebates .. .. .. .. .. .. 3,209 Departmental charges on amounts— £ Expended on land-development .. .. .. 15,572 Short-charged, 1943 and 1946 .. .. .. 56 15,628 Advanced to settlers .. .. - .. 19,530 35,158 £49,706 £49,706 Net Revenue Account for the Year Ended 31st March, 1947 Dr. Gr. £ Amounts written off— £ £ Balance, Ist April, 1946 .. .. .. .. .. 294,826 Expenditure on land under development .. .. 1,158 Amount transferred from Revenue Account .. .. .. 49,477 Advances to settlers .. .. .. .. 2,218 3,376 Balance, 31st March, 1947 .. .. .. ~ .. 340,927 £344,303 £344,303

35

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI LAND DEVELOPMENT AND SETTLEMENT SCHEMES— continued Balance-sheet as at 31st March, 194/7 Liabilities | Assets Loan capital— £ £ | Development and settlement development Public Works Account .. .. .. 2,212,543 ! schemes— £ £ Land for Settlements Account .. Dr. 151,955 Expenditure .. .. .. .. 1,175,645 2,060,588 Crown lands not paid for .. .. .. 9,445 Liability to Consolidated Fund— Advances under section 8, Finance Act, 1,185,090 1929: Principal .. .. .. .. 1,800 Unrecouped and accrued interest .. .. 172,650 Interest on loan capital (Public Works £ Unrecouped and accrued departmental charges 31,159 Account) .. .. .. 112,742 Interest on loan capital (Land for Settle- 1,388, 899 ments Account) .. .. Dr. 18,096 Advances to settlers .. .. .. 1,232,233 9 4,646 i Advances under section 48, Maori Land Amend96,446 | ment Act, 1936, and including accrued interest 26,550 Grant from Consolidated Fund for losses on development of j 2,647,682 Maori land for rehabilitation .. .. .. .. 50,000 | Advances (including accrued interest) : Maori Land Boards Sundry creditors— £ \ under section 340, Maori Land Act, 1931 .. .. 345 Land and Survey Department .. .. 9,445 j Sundry debtors .. .. .. .. .. 341 Employment promotion grant unexpended .. 90,962 [ Losses in Suspense .. .. .. .. .. 15,942 100,407 | Writings-off in Suspense .. .. .. .. 15,942 j Net Revenue Account— £ Balance, Ist April, 1946 .. .. .. 294,826 Add net increase for 1946-47 .. .. 46,101 340,927 £2,664,310 £2,664,310

36

B—i [Pt. IV]

Notes.—(1) Expenditure from employment promotion grants on development schemes since inception amounting to £2,097,047 is not included in the development and settlement expenditure above; (2) administration expenses have been paid from Consolidated Fund, vote " Maori Affairs," since Ist April, 1936, prior to which the salaries and expenses of the Field Supervisors were paid from vote " Maori Land Settlement" and were debited in those years to Revenue Account. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., 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 to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV] and to the following comments : (1) The loading of the various schemes for administration expenses is not sufficient to cover the full cost; (2) moneys expended out of the Surveys of Maori Land Account on Maori land-development schemes have not been recouped ; (3) in the opinion of the Audit Office, expenditure from the Public Works Fund on Maori land-development areas incurred prior to the assumption of control by the Maori Affairs Department and included in the Crown Lands balance-sheet should be reflected in the accounts of the Maori land-development schemes.— J. P. Rutherford, Controller and Auditor-General.

37

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued SPECIAL MAORI REHABILITATION ASSISTANCE (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account foe the Year Ended 31st March, 1947 Receipts Payments £ Repayments by Maoris— £ £ Advances to Maoris .. .. .. .. ..15,792 Principal .. .. .. .. .. 3,465 Interest .. .. .. .. .. 84 3,549 Interest concessions from War Expenses Account .. .. 127 Balance (withdrawal from Land for Settlements Account) .. 12,116 £15,792 £15,792 Income and Expenditure Account for the Year Ended 31st March, 1947 Expenditure £ Income £ Interest on loan capital .. .. .. .. .. 362 Interest earned .. .. .. .. .. .. 429 Balance, being excess of income over expenditure .. .. 72 Insurance rebates .. .. .. .. .. .. 5 £434 £434 Balance-sheet as at 31st March, 1947 Liabilities • £ Assets £ Loan capital, Land for Settlements Account .. .. .. 15,039 Advances to Maoris (140) : Principal .. .. .. 15,291 Liability to Land for Settlements Account for interest .. .. 424 Sundry debtors .. .. .. .. .. .. 278 Sundry deposits against advances (8) .. .. .. 35 Accumulated Profit and Loss Account .. .. .. 71 £15,569 £15,569 Note.—These accounts relate only to furniture loans, business loans, and miscellaneous advances. Loans relating to farming and housing are included in the accounts published for Maori Land Development and Settlement and the Maori Housing Act, 1935. Gr. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

38

B—l [Pt. IV]

SPECIAL MAORI HOUSING FUND Statement of Receipts and Payments for the Year Ended 31st March, 1947 Receipts £ Payments £ Balance, Ist April, 1946 .. .. .. .. .. 123,632 Payments (loans for erection of houses, &c.) .. .. .. 23,675 Receipts (interest, repayments of principal, &c.) .. .. 29,692 Balance, 31st March, 1947 .. .. .. .. 131,705 Grant from Consolidated Fund equivalent to one-third Maori Trust Office profits for year 1944-45 .. .. .. 2,056 £155,380 £155,380 Income and Expenditure Account for the Year Ended 31st March, 1947 Expenditure £ 4 Income Interest allowed on deposits, &c. .. .. .. .. 155 Interest earned— £ £ War-damage insurance : Fund's proportion .. .. .. 40 On loans to Maoris .. .. .. .. 3,503 Miscellaneous .. .. .. .. .. .. 1 On funds held by Maori Trustee .. .. .. 2,346 Rental properties— £ 5 > Rates .. .. .. .. • • • • 52 Insurance rebates .. .. .. • • • • 30 Insurance .. .. ... .. 14 Rented properties: Rents received .. .. .. 613 Depreciation .. .. .. .. •. 156 222 Excess of income over expenditure, transferred to Special Housing Fund .. .. .. .. •• •• •• 6,074 £6,492 £6,492 Special Housing Fund Dr. £ Cr. ' £ Balance, 31st March, 1947 .. .. .. .. .. 208„870 j Balance, Ist April, 1946 .. .. .. .. •• 200,740 i Additional grant . . .. .. .. • • • • 2,056 I Excess of income over expenditure .. .. ... .. 6,074 £208,870'' | £208,870

39

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued SPECIAL MAORI HOUSING FUND— continued Balance-sheet as at 31st March, 1947 Liabilities £ Assets Special Maori Housing Fund .. .. .. .. 208,870 Land not yet built on— £ £ Deposits held against advances (132) .. .. .. 10,932 Purchased .. .. .. .. .. 397 Credit balances in loan accounts (9) .. .. .. 325 Donated .. .. .. .. .. 25 Sundry creditors ... .. .. .. .. .. 33 422 Huts: Temporary accommodation (5) .. .. .. 337 Rented properties— Acquisition of land and improvements .. .. 669 Erection of cottages (13) .. .. .. 4,678 5,347 Less Depreciation Reserve .. .. .. 718 4,629 Loans to Maoris— Principal outstanding (413) .. .. .. 82,686 Interest outstanding .. .. .. .. 189 82,875 Sundry debtors .. .. .. .. .. .. 190 Suspense .. .. .. .. .. .. 2 Cash balances on deposit with— £ Maori Trustee .. .. .. .. .. 126,304 Maori Land Board .. .. .. .. 5,401 131,705 £220,160 | £220,160 Notes.—(a) To enable the Board of Maori Affairs to exercise fully its powers and functions in respect of Maoris who, in the opinion of the Board, are unable to furnish the security under the Maori Housing Act and for the purpose of assisting the more urgent and necessitous cases, a Special Maori Housing Fund has been established by section 18, Maori Housing Amendment Act, 1938, consisting of grants totalling £166,824, which together with interest earned and other revenue, is held by the Maori Trustee for disbursement through the Maori Land Boards as directed by the Board of Maori 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. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N. Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— -J. P. Rutherford, Controller and Auditor-General.

40

B—l [Pt. IV]

MAORI TRUSTEE Interest Account, 1946-47 Dr. Cr. • £ Interest allotted on amounts held under— £ Interest on mortgages and other investments .. .. .. 26,460 Maori Land Act, 1931— Part 111 .. .. .. .. .. .. 8,809 Part X .. .. .. .. .. 1,630 Miscellaneous .. .. .. .. .. 74 Maori Trustee Act, 1930 .. .. .. .. .. 979 Maori Purposes Fund Act, 1934-35 .. .. .. 1,580 Maori Housing Amendment Act, 1938 .. .. .. 2,346 j West Coast Settlement Reserves Act, 1892 .. .. .. 186 j Miscellaneous funds .. .. .. .. .. 868 Surplus, carried to Revenue Account .. .. .. 9,988 £20,460 £26,460 Revenue Account, 1946-47 Dr. £ Cr. £ Administration expenses : Contribution to Consolidated Fund .. 12,200 Balance from Interest Account .. .. .. .. 9,988 Department's portion of earthquake-damage premiums on build- Commission .. .. .. .. .. .. 5,913 ings subject to mortgages and charges .. .. .. 17 Fees .. .. .. .. .. .. .. 492 Net profit for year carried down .. .. .. .. 5,140 Net working profit on properties acquired under mortgage .. 964 £17,357 £17,357 £ £ Interest adjustment, previous years .. .. .. .. 356 Net profit for year brought down .. .. .< .. 5,140 Loss previous year made good to estate .. .. .. 516 Adjustment working profit previous year on properties acquired .. 14 Net surplus, transferred to Appropriation Account .. .. 4,254 £5,140 £5,140

41

B—l [Pt. IV]

MAORI TRUSTEE— continued Appropriation Account, 1946-47 • Or 1 £ Allocation of profits for 1944-45— £ £ Balance, Ist April, 1946 .. .. •• *• Paid to Consolidated.Fund (one-third) .. .. 2,056 Net surplus, transferred from Revenue Account .. .. 4,254 Transferred to Assurance and Reserve Fund (two-thirds) 4,113 6,169 Balance, 31st March, 1947 .. .. •• •• •• 8,575 £14 ' 744 £14,744 Receipts and Payments, 1946-47 Receipts £ Payments £ Cash balances, Ist April, 1946 .. .. •• •• 100,258 Payments ••• • " 83'59° Receipts . .. •• •• •• •• 341,224 Cash balances, 31st March, 1947 .. .. •• £441 ' 482 £441,482

42

B—l [PT. IV],

Balance-sheet as at 31st March, 1947 Liabilities, Assets Amounts held under— £ £ Investments— £ £ Maori Reserves Act, 1882 .. .. .. 66,956 Local-body securities .. .. .. .. 5,100 West Coast Settlement Reserves Act, 1892 .. .. 52,832 Government securities .. .. .. .. 136,830 Maori Land Act, 1931— £ Short-term investments: Treasury bills .. .. 240,000 Part X .. .. .. .. 55,807 Mortgages .. .. .. .. .. 344,227 Part III: Maori Land Boards .. .. 335,108 Advances (on overdraft) to estates and accounts .. 115,583 Special investment .. .. .. 350 Properties acquired under mortgage .. .. 17,551 Miscellaneous .. .. .. 8,061 Post Office Savings-bank war-service gratuity accounts 36,601 399,326 895,892 Maori Trustee Act, 1930 .. .. .. .. 81,505 Interest and rent due and accrued .. .. .. .. 17,579 Maori Purposes Fund Act, 1934-35 .. .. .. 61,981 Sundry debtors .. .. .. .. .. .. 105 Maori Housing Amendment Act, 1938 .. .. 126,304 Losses in Suspense .. .. .. .. .. 3 Ngaitahu Claim Settlement Act, 1944 .. .. 18,090 Cash balances— £ Finance Act (No. 2), 1946: Whakatohea claim settlement 20,000 In hand .. .. .. .. .. 89 Maori Purposes Act, 1946: Maori Hostels Fund .. 20,000 At bank .. .. .. .. .. 74,184 Miscellaneous funds .. .. - .. .. 29,521 At branches .. .. .. .. .. 9,319 ■ 876,515 In transit .. .. .. .. .. 5,000 Sundry creditors .. .. .. .. .. .. 1,122 88,592 Writings-off in Suspense .. .. .. .. .. 3 Reserves— £ Reserve against unpaid interest . . .. .. 1,218 Special reserve against claims .. .. .. 159 Assurance and Reserve Fund .. .. .. 113,546 Investment Fluctuation Account .. .. .. 1,033 : Profit and Loss Appropriation Account .. ..8,575 124,531 £1,002,171 £1,002,171 G. P. Shepherd, Under-Secretary and Maori Trustee. M. J. Lawless, A.R. A.N. Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books, documents, and securities submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

43

B—l [Pt. IV]

NEW ZEALAND BROADCASTING SERVICE NATIONAL DIVISION Income and Expenditure Account for the Year Ended 31st March, 1947 . Expenditure £ Income £ Expenditure on programmes, including payments to artists, Radio licence fees .. .. .. .. .. 459,515 broadcasting rights, copyright fees, recorded programmes, Interest on investments .. .. .. .. .. relay lines, and sundry miscellaneous items .. .. 120,142 Rents .. .. .. .. .. .. .. 2,419 _ £ Miscellaneous receipts .. .. .. .. .. 464 Expenditure on National Orchestra .. .. 20,386 New Zealand Listener: Excess of income over expenditure .. 4,632 Less net concert proceeds .. .. .. 839 Net concert proceeds: Overseas artists .. .. .. 1,555 19,547 General administrative and running expenses, including rents, rates and insurance, lighting and heating, legal and audit, printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, fees for technical trainees, and sundry miscellaneous items .. .. .. .. .. 170,558 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 .. .. 4,340 Contribution to Radio Research Committee .. .. 500 Depreciation provision and writing down of assets .. . . 18,416 Balance carried down: Surplus for year .. .. .. 155,907 £490,635 £490,635 £ £ Balance .. .. .. .. .. .. 2,316,810 Balance brought forward from previous year .. .. 2,160,903 Balance brought down .. .. .. .. .. 155,907 £2,316,810 £2,316,810

44

B—l [PT. IV]

Balance-sheet as at 31st March, 1947 Liabilities £ Assets £ Creditors .. .. .. .. .. .. 25,962 Cash in bank .. .. .. .. .. .. 112,111 Appropriation Account .. .. .. .. .. 2,316,810 Debtors and prepayments .. .. .. .. 89,591 Works in progress, stock of technical equipment, disks, and needles .. .. .. .. .. .. 84,205 Newsprint stocks .. .. .. .. .. 6,525 Unplayed episodes of features .. .. .. .. 15,794 Investments in New Zealand Government securities .. .. 1,830,000 Land and buildings .. .. .. .. .. 154,189 Machinery and plant .. ~ .. .. .. 22,162 Office and studio equipment .. .. .. .. 27,210 " B " station purchases .. .. .. .. .. 985 £2,342,772 £2,342,772 James Shelley, Director of Broadcasting. W. J. Crowther, 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.

45

[Pt. IV]

NEW ZEALAND BROADCASTING SERVICE— continued COMMERCIAL DIVISION Income and Expenditure Account for the Year Ended 31st March, 1947 • Expenditure £ Income ' ■£ Expenditure on programmes, including payments to artists, Sales of station time .. .. .. .. .. 303,114 broadcasting rights, copyright fees, recorded programmes, Accreditation fees .. .. .. .. .. 23 relay lines, and sundry miscellaneous items .. .. 32,660 Interest on investments .. .. ... .. .. 3,335 General administrative and running expenses, including rents, Service fees .. .. .. .. .. .. 3,263 rates and insurance, lighting and heating, legal and audit, Miscellaneous receipts .. .. .. .. .. 5 printing and stationery, salaries and wages, telephone services, repairs and maintenance of buildings and office and studio fittings, operation and maintenance of transmitting equipment, advertising, commission, and sundry miscellaneous items .. 175,067 Depreciation provision and writing down of assets .. .. 6,387 Balance carried down : Net profit for year .. .. .. 95,626 £309,740 , £309,740 £ £ Provision for taxation .. .. .. .. 55,600 £ Less excess provided in previous year .. .. 17,224 Balance brought forward from previous year .. .. 109,885 38,376 Reduction of bad debts provision .. .. .. .. 13 Balance .. .. .1 .. .. .. 167,148 Balance brought down .. .. .. .. .. 95,626 £205,524 £205,524

46

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 Liabilities . £ Assets £ Creditors .. .. . . .. .. .. 8,083 Cash in bank .. .. .. .. .. 49,942 Deposit Account .. .. .. .. .. .. 93 Cash on deposit •• •• •• •• •• 93 Revenue received in advance . . .. .. .. 1,099 £ Provision for taxation .. .. .. .. .. 55,600 Debtors and prepayments .. .. .. 39,711 Writings-off provision .. .. \ .. .. .. 366 Less provision for bad debts ... .. .. 463 Appropriation Account .. .. .. .. .. 167,148 39,248 Investments .. .. .. .. .. .. 120,000 Land and buildings .. .. .. .. .. 3,685 Machinery and plant .. .. .. .. .. 2,872 Office and studio equipment .. .. .. .. 16,183 Assets in Suspense .. .. .. .. .. - ■ 366 £232,389 £232,389 James Shelley, Director of Broadcasting. W. J. Crowther, 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.

47

B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK ACCOUNT Profit and Loss Account for the Year Ended 31st March, 1947 Dr \ . £ Or. £ £ Interest credited to depositors .. .. .. .. 3,455,114 Interest received .. .. .. .. 3,966,638 Management expenses .. .. .. .. .. 419,562 Plus interest accrued to 31st March, 1947 .. 'B7B! 691 Balance, carried to Appropriation Account .. .. 296, 478 4,845,329 Less interest accrued to 31st March, 1946 .. 708,004 4,137,325 Sundry receipts .. .. .. .. .. 33,829 £4,171,154 £4,171,154 Appropriation Account for the Year Ended 31st March, 1947 Dr. £ 1 Or. £ Savings-bank profits paid to Consolidated Fund .. .. 301,248 Balance brought forward .. .. .. .. 871 258 Balance due to Consolidated Fund (section 95 (c), Post and ' Profit and Loss Account .. " " 2Qfi'47B Telegraph Act, 1928) .. .. .. .. 866,488 £1,167,736 £1,167,736

48

B—l [Pt. IV]

Balance-sheet for the New Zealand Post Office Savings-bank as at 31st March, 1947 Liabilities £ Assets £ Balance at credit of depositors'accounts .. .. 155,067,559 Cash on hand and at bank .. .. .. .. 598,279 Letters of credit and other liabilities .. .. .. 83,340 Investments .. .. .. .. .. 156,202,892 Liability to Treasury for investments held on account of j Interest accrued on investments .. .. .. 878,691 war-gratuity accounts .. .. .. .. 324,487 j Sundry debtors .. .. .. .. .. 11,544 Reserve Fund .. .. .. .. .. 1,974,159 Amount due from Treasury for 5 per cent, bonus credited Profit and Loss Appropriation Account .. .. .. 866,488 to war-gratuity accounts .. .. .. .. 624,298 Stock of home safes .. .. .. .. .. 329 £158,316,033 £158,316,033 P. N. Cryer, Director-General, Post and Telegraph Department. J. J. Knight, A.R.A.N.Z., Director of Accounts. 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.

49

B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT— continued POST OFFICE Profit and Loss Account for the Year Ended 31st March, 1947 Dr. £ Or. £ Maintenance and working expenses .. .. .. 5,402,253 Postages .. .. .. .. .. .. 3,090,129 Interest .. .. .. .. .. .. 677,657 Private box and bag rents and rural delivery fee .. .. 72,771 Provision for reserves— Money-order and postal-note commission .. .. .. 76,354 Depreciation .. .. .. .. .. 780,937 Telegraph revenue .. .. .. .. .. 708,932 Fire insurance .. .. .. .. .. 100,000 Toll revenue .. .. .. .. .. .. 1,601,177 Earthquake and war damage .. .. .. .. 200,000 Telephone revenue .. .. .. .. .. 1,987,519 Net profit .. .. .. .. .. .. 1,053,412 Revenue from wireless traffic .. .. .'. .. 44,203 Rent received .. .. ... .. .. .. 50,720 Fees, &c., for services motor registration and licensing .. 73,584 Fees, &c., for services as agent of other Government Departments .. .. .. .. .. .. 223,131 Interest on investments .. .. .. .. 254 ,441 Miscellaneous revenue .. .. .. .. .. 31,298 £8,214,259 £8,214,259 Profit and Loss Appropriation Account for Year Ended 31st March, 1947 Dr. £ ,£ I Cr. £ Payment to Treasury .. .. .. 263,033 Balance brought forward .. .. .. .. 1,601,075 War expenditure not recoverable " .. ... .... 8,345 I Net profit for year : ... .. .. 1,053,412 Balance carried forward— i" Receipts on account of services rendered in previous years .. 56,383 Post and Telegraph Act, 1928, section 95 (d), due to Consolidated Fund .. .. 2,410,222 Retained by Post Office .. .. .. 29,270 2,439,492 £2,710,870 £2,710,870

50

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 Receipts and Expenditure on Capital Account

51

Dr. As at 1st April, 1946. Amount Debited During Year. As at 31st March, 1947. Cr. Capital as at 1st April, 1946. Amount Received During Year. Captital as at-31st March, 1947. Expenditure — Telegraph and toll systems, including works in progress Telephone-exchange systems, including works in progress Wireless systems Buildings and sites .. Tools and plant Motor assets Furniture and fittings Aeradio systems — Communication equipment .. Buildings £ 3,508,628 11,064,117 128,064 5,133,421 185,548 328,961 248,179 161,218 52,071 £ 173,089 504,971 12,473 135,354 25,228 157,407 20,490 11,863 £ 3,681.717 11,569,088 140,537 5,268,775 210,776 486,368 268,669 173,081 52,071 Receipts— Public Works Account and National Development Loans Account Aeradio Adjustment Account (Consolidated Fund contribution to aeradio assets) £ 18,025,917 213,289 £ 713,791 11,863 £' 18,739,708 225,152 Balance, carried to General balance-sheet 18,239,206 725,654 18,964,860 2,886,222 20,810,207 1,040,875 21,851,082 21,851,082

B—l [Ft. IV]

POST AND TELEGRAPH DEPARTMENT— continued General Balance-sheet Liabilities Assets £ Sundry creditors— £ * £ Capital Account balance .. .. .. 2,886, 222 Money-order payees for unpaid money-orders 161,824 Stock at stores, &e., and in transit, at stock-list prices, less Other Administrations, on money-order, postal, on-cost .. .. .. .. .. 1,823, 296 and cable accounts .. .. .. 17,168 Investments in Government stocks on account Postal-note payees for unpaid postal notes .. 120,986 of— £ National Savings coupons sold and unredeemed 11,411 Post Office Investment Certificates .. .. 107,650 Other Government Departments .. .. 7,064,484 National Savings deposits and bonds .. 38,274,000 Sundry other creditors .. .. .. 1,468,231 Post Office investments under section 100 of 8,844,104 Post and Telegraph Act, 1928 .. .. 9,683,000 Fees paid in advance' .. .. .. .. 404,663 48,064,650 War Loan Certificate Account .. .. .. 3,331 Sundry debtors— Post Office Investment Certificate Account .. .. 104, 896 Other Administrations on money-order account 45,787 National Savings Fund Account .. .. .. 27,590,495 Sundry other debtors .. .. .. 1,182,994 National Savings Bond Fund Account .. .. 10,816,175 1,228,781 Reserve for depreciation and obsolescence .. .. 7,754,408 Postmasters' balances and cash in bank .. 5,495,833 Fire Insurance Reserve .. .. .. .. 400,000 Less Savings-bank funds held in balance .. 598,279 Reserve for accumulated leave of servicemen .. .. 40,000 4,897, 554 Foreign Mail Settlement Reserve .. .. .. 34,069 Interest accrued on investments .. .. .. 476,739 Earthquake and War Damage Reserve .. .. 945,609 Profit and Loss Appropriation Account .. .. 2,439, 492 £59,377,242 £59,377,242 P. N. Cryer, Director-General, Post and Telegraph Department. J. J. Knight, A.R.A.N.Z., Director of Accounts. 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.

52

B—l [Pt. IV]

PRINTING AND STATIONERY DEPARTMENT Receipts and Payments Account fob the Year ended 31st March, 1947 Receipts £ £ Payments £ Sundry debtors .. .. .. .. .. .. 499,197 Salaries .. .. .. .. .. .. 136,339 Publications .. .. .. .. .. .. 2,367 Wages .. .. .. .. .. .. 37,478 Sundry cash sales— Allowances to officers performing higher duties .. .. 458 Stationery .. .. .. .. .. 2 Overtime .. .. .. .. .. .. 20,872 Second-hand typewriters .. .. . . 41 i Transport expenses, night shift .. .. .. .. 343 Machinery .. .. .. .. ... 250 i Purchases— Waste products .. .. .. .. 22 Paper, stationery, &c. .. .. .. .. .. 167,354 315 Stores .. .. .. .. .. .. 19,106 Refunds— Freight, cartage, insurance, &c. .. .. .. .. 17,983 Salaries and wages .. .. .. .. 2,218 Machinery, new and repairs to .. .. .. .. 10,792 Exchange .. .. .. .. .. 2 Type metal .. .. .. .. .. .. 766 Freight .. .. .. .. .. 1 Type and printing material .. .. .. .. 203 Postages .. .. .. .. .. 27 Fuel, gas, power, light, and water .. .. .. .. 2,207 2,248 Medical services .. .. .. .. .. .. 24 Office equipment .. .. .. .. .. 332 Postages and telegrams .. .. .. .. .. 1,531 Telephone services . . .. .. . . . . 182 Window- cleaning, rubbish-removal, &c. .. .. .. 204 Proportion of rent, &c., High Commissioner's Office .. .. 425 | Wages: Cleaners, watchmen, &c. .. .. .. .. 3,120 I Proportion of cost of messengers' uniforms .. .. .. 35 | Audit fee .. .. .. .. .. .. 100 | Repairs to premises .. .. .. .. .. 3,309 Rent of storage space . . .. .. .. .. 2,966 I Maintenance of fire-alarms .. .. .. .. 12 | Contingencies .. .. .. .. .. .. 10 I Payments in lieu of leave of absence .. .. .. 26 | Grant to officer injured at work .. .. .. .. 471 Refunds to Departments for publications, &c., sold .. .. 5,276 Balance to Treasury Adjustment Account .. .. .. 72,203 £504,127 £504,127

53

B—l [,Pt. IV]

PRINTING AND STATIONERY DEPARTMENT— continued Trading Account for the Year Ended 31st March, 1947 Dr. £ -■ £ Or. Paper and materials— Sales— £ . £ Stock at beginning .. .. .. .. 116,034 Manufacturing .. .. .. .. 356,276 Add purchases .. .. .. .. 91,440 Less work in progress, 31st March, 1946 .. 48,032 207,474 308,244 Less stock on hand, 31st March, 1947 .. .. 83,997 Add work in progress, 31st March, 1947 .. 46,773 123,477 Stationery— 355,017 Stock at beginning .. .. .. .. 32,083 Stationery ... .. .. .. .. .130,874 Add purchases .. .. .. .. '96,987 Publications .. .. .. .. .. 13,116 Typewriters .. .. .. .. .. 9,190 129,070 508,197 Less stock on hand, 31st March, 1947 .. .. 19,796 Discounts received .. .. .. .. .. 372 109,274 Publications— Stock at beginning .. .. .. .. 12,164 Add purchases .. .. .. .. 7,817 19,981 Less stock on hand, 31st March, 1947 .. .. 12,345 7,636 Typewriters— Stock at beginning .. .. .. .. 1,135 Add purchases .. .. .. .. 9,980 11,115 Less stock on hand, 31st March, 1947 .. .. 2,867 8,248 Wages— Productive .. .. .. .. .. 111,577 Establishment .. .. .. .. 46,267 Stationery Office .. .. . . .. 15,222 Freight: Inwards .. .. .. .. 13,585 Insurance .. .. .. .. .. 284 Lighting: Proportion .. .. .. .. 699 Power .. .. .. .. .. .. 433 Fuel .. .. .. .. .. .. 649 Water .. .. .. .. .. .. 173 188,889 Balance, transferred to Profit and Loss Account .. .. 71,045 £508,569 £508,569

54

B —l [PT. IV]

Profit and Loss Account for the Year Ended 31st March, 1947 Dr. £ (Jr. £ Office salaries .. .. .. .. .. .. 15,763 Balance transferred from Trading Account .. .. .. 71,045 Repairs and alterations to buildings and plant .. .. 8,284 Storing and handling stationery, &c., for other Government Postages and telegrams .. .. .. .. .. 1,230 Departments .. .. .. .. .. .. 2,277 Freight and cartage: Outward .. .. .. .. 5,021 Commission on sale of publications .. .. .. .. 1,913 Discounts allowed .. .. .. .. .. 199 Rent receivable . .. .. .. .. .. .. 236 Telephones : Rentals .. . . .. .. .. 182 Medical services .. .. .. .. .. .. 24 Lighting, &c. : Proportion ........ 77 Proportion of rent, &c., High Commissioner's Office .. .. 425 Office expenses .. .. . . .. .. .. 338 Sundry trade expenses .. .. .. .. .. 1,512 Audit fee .. .. .. .. .. .. 100 Wages: Cleaners, watchmen, &c. .. .. .. .. 3,296 Interest on capital .. .. .. .. .. .16,576 Depreciation— £ Buildings .. .. .. .. .. 1,044 Plant and machinery .. .. .. .. 7,889 * * Furniture, fittings, and office equipment . . .. 257 Type and type metal .. .. .. .. 176 Accessories .. .. .. .. .. 168 9,534 Losses on disposal of assets .. .. .. .. 227 Rent of storage space .. .. .. .. .. 2,936 Balance carried down .. .. .. .. .. 9,747 ' ..£75,471 £75,471

55

B—l [Pt. IV]

PRINTING AND STATIONERY DEPARTMENT— continued Balance-sheet as at 31st March, 1947 Liabilities Assets £ £ Capital Account— £ £ Land .. .. .. .. .. .. .. 54,359 Public Works Fund .. .. .. .. 112,623 Buildings .. .. .. .. .. .. 29,400 Consolidated Fund .. .. .. ..301,783 Plant and machinery— 414,406 Composing plant .. .. .. .. 3,954 Creditors— Machine composing plant .. .. .. 11,028 Departmental .. .. .. .. .. 7,825 Addressograph plant .. .. .. .. 523 Sundry .. .. .. .. .. 20,490 Printing plant .. .. .. .. .. 12,482 28,315 Binding plant .. .. .. .. .. 5,975 Wages accrued .. .. .. .. .. .. 5,460 Litho plant .. .. .. .. .. 9,106 Bad debts Reserve .. .. .. .. .. 161 Photo plant .. .. .. .. .. 6,510 Writing-off Suspense Account .. .. .. .. 1,401 Stereotype plant .. .. .. .. 967 Deferred Maintenance (Buildings) Account .. .. .. 2,330 Engine-room plant .. .. . . . . 726 Balance, Profit and Loss Account .. .. .. .. 9,747 Miscellaneous plant .. .. .. .. 6,817 58,088 Furniture, fittings, and office equipment .. .. .. 1,795 Type and type metal .. .. .. .. .. 14,265 Accessories— Composing Branch .. .. .. .. 241 Machine Composing Branch .. .. .. 84 Printing Branch .. .. .. .. 59 | Binding Branch .. .. .. .. 325 Litho Branch .. .. .. . . .. 105 j Photo Branch .. .. .. .. .. 43 Stereotype Branch .. .. .. .. 9 Engine-room .. .. .. .. .. 137 Paper-store .. .. .. .. .. 90 1,093

56

B—l [Pt. IV]

Debtors— Departmental .. .. .. .. .. 78,335 Sundry .. .. .. .. . . 1,952 80,287 Work in progress .. .. .. .. .. .. 46,773 Stocks— On hand .. .. .. .. .. 118,894 On consignment .. .. .. .. 112 119,006 j Stock Suspense Account .. .. .. •. • • 803 | Assets to be written off' .. .. . . .. .. 598 j Treasury Adjustment Account .. .. .. .. 55,353 • £461,820 j £461,820 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. IV] and to the comment that the asset " Type and type metal, £14,265," is not supported by stock-sheets.— J. P. Rutherford, Controller and Auditor-General.

57

B—l [FT. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account fob the Year Ended 3'lst March, 1947 Capital. Maintenance. Capital Maintenance. Dr. £ £ Or £ £ Remissions .. .. .. .. •• 191 135 Balance as at Ist April, 1946 .. .. .. 4,202 6,230 Transfer to Reserve Fund .. .. • • 1,663 .. Rates struck for 1946-47 year .. . . . . 10,506 9,187 Interest on capital cost .. .. .. 8,292 .. Penalty (10 per cent.) added to rates .. .. 119 105 Cost of maintenance .. .. .. .. •• 12,657 Remissions transferred to Revenue Account .. 178 124 Balance as at 31st March, 1947 .. .. .. 4,859 8,377 Subsidy on maintenance costs .. .. .. .. 5,523 £15,005 £21,169 £15,005 £21,169 Revenue Account for the Year Ended 31st March, 1947 Dr. £ Or. £ Interest on loan capital .. .. .. • • • • 19,567 Accrued rent .. .. .. .. . • • • 174 Interest and depreciation charges transferred from Swamp Land Interest on capital cost recoverable by rates .. .. . . 8,292 Drainage Account .. .. . . •• •• 20 Balance, transferred to drainage works not recoverable expenditure 11,580 Depreciation on buildings .. .. .. . . ... 157 ; Losses written off: Remissions of Maori rates . . . . 302 £20,046 £20,046

58

B—l [Ft. IV]

Treasury Adjustment Account for the Year Ended 31st March, 1947 Dr. £ I Cr. £ Receipts and Payments Account .. .. .. .. 9,038 j Balance as at Ist April, 1946 .. .. .. .. 338,756 Lands and Survey Department Account .. .. .. 19 I Hauraki Plains Settlement Account: Net transfer .. .. 50 Swamp Land Drainage Account : Net. transfer .. .. 32 Interest on loan capital .. .. .. .. .. 19,567 Balance as at 31st March, 1947 .. .. .. .. 349,284 £358,373 £358,373 Receipts and Payments Account for the Year Ended 31st March, 1947 Receipts Payments Consolidated Fund : Miscellaneous revenue— £ Vote " Lands and Survey " £ Rates .. .. .. .. .. .. 17,143 Maintenance of completed works .. .. .. .. 14,760 Miscellaneous .. .. .. .. .. .. 6,655 Transfer to Treasury Adjustment Account .. .. .. 9,038 £23,798 £23,798

59

B—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st March, 1947 Liabilities £ £ Assets Loan capital .. .. .. .. .. 489,169 Drainage works— £ Less cash to credit of Land for Settlements Account .. 96 Recoverable capital expenditure (section 11, Finance Act, 1937 489,073 (No. 2)) .. .. .. .. .. .. 205,000 Free capital from Employment Promotion Fund .. .. 891 Not recoverable : Capital expenditure and irrecoverable interest 633,955 Reserve Account for repayment of capital cost .. .. 11,551 Plant, machinery, and tools .. .. .. .. 1,348 Unpaid purchase-money for land taken .. .. .. 210 Buildings .. .. .. .. .. .. 2,620 Sundry creditors: Miscellaneous .. .. .. .. 2 Sundry goods .. .. .. .. .. .. 1,769 Payments in advance : Rates .. .. .. .. 23 Sundry debtors— Rate Account— £ Rates— £ Capital .. .. .. .. .. 4,859 Capital .. .. .. .. .. 5,897 Maintenance .. .. .. .. .. .8,377 Maintenance .. .. .. .. 4,935 13,236 Miscellaneous .. .. .. .. .. 355 Writings-off in Suspense .. .. .. .. .. 302 11,187 Treasury Adjustment Account .. .. .. .. 349,284 Cash in transit from post-office .. .. .. .. 7,500 Expenditure from Employment Promotion Fund .. . . 891 Losses in Suspense .. .. .. .. .. 302 £864,572 £864,572 === i .. D. M. Greig, Under-Secretary for Lands. Y. J. H. Pledger, A.R.A.N.Z., 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 B-l [Pt. IV].—J. P. Rutherford, Controller and Auditor-General.

60

B—l [Pt. IV]

NEW ZEALAND REPARATION ESTATES Profit and Loss Account for the Year Ended 31st March, 1947 Dr. £ Cr. Salaries .. .. .. .. .. .. .. 4,869 Profits from trading— £ £ Residential and Head Office buildings: Maintenance— £ Copra .. .. .. .. ' .. .. 20,074 General .. .. .. .. .. 2,242 Cocoa .. .. .. .. .. .. 20,714 Casino Hotel .. .. .. .. .. 638 Desiccated coconut .. .. .. 30,666 Saleufi Butchery .. .. .. .. 361 Rubber .. .. ... .. .. 5,487 Slipway .. .. .. .. .. 35 SawmillYard .. .. .. .. .. .. 845 Timber .. .. .. .. .. 2,264 4,121 Firewood .. .. .. .. .. 192 General expenses— Dri-dated bananas .. .. .. .. 8,505 Audit fees .. .. .. .. .. 283 Bank discount and commission .. .. .. 15 87,902 Beetle research .. .. .. .. .. 437 Less loss of Aleisa Citrus Farm .. .. .. 262 Furniture-maintenance ........ 156 87,640 General expenses .. . . .. .. 462 Rent receivable .. .. .. .. .. .. 3,292 Indenture of Niueans .. .. .. .. 144 Head Office sundry income— Leaupuni water-supply .. .. .. .. 3 Commission .. .. .. .. . . 413 London general expenses .. .. .. 125 | Plantation stores .. .. .. .. 6,745 Motor-car hires and expenses .. .. .. 906 j Sundry .. .. .. .. .. 12 Postages and radios .. .. .. .. 213 7,170 Printing and stationery .. . . .. .. 301 Profits on workshop accounts .. .. .. .. 388 Survey fees .. .. .. .. .. 42 Profit on motor-boats .. .. .. .. .. 148 Transfer and travelling expenses .. . . .. 213 Profits on realization of sundry assets .. .. .. 278 3,300 Sales of meat, hides, and net stock increases .. .. .. 8,470 Depreciation .. .. .. .. .. .. 1,871 Plantation sundry income .. .. .. .. .. 1,014 Rates, taxes, and insurance .. .. .. .. 753 Store turnover tax .. .. .. .. .. 1,227 Rent payable .. .. .. .. .. .. 841 Marine engine : " Tuakolo " .. .. .. .. 676 Reserve for bad debts .. .. .. .. .. 11 Losses on workshop accounts . . .. .. .. 1,667 : Profit, transferred to Profit and Loss Appropriation Account .. 89,064 j | £108,400 j £1.08,400

61

B—l [Pt. IV]

NEW ZEALAND REPARATION ESTATES— continued Profit and Loss Appropriation Account for the Year Ended 31st March, 1947 Dr. £ Or. £ Transfer to Renewal Reserve .. .. .. .. 5,000 Balance, Ist April, 1946 .. .. .. .. •• Balance, 31st March, 1947 .. .. .. ..269,586 Profit and Loss Account .. .. .. .. .. 89,064 £274,586 £274,586 Balance-sheet as at 31st March, 1947 Liabilities £ Assets £^ Capital Account .. .. .. .. ..692,714 Properties unoccupied: Land .. .. .. .. 79,385 Reserve and trust funds— £ Properties occupied or leased— Blackboys Repatriation. . .. .. .. 1,063 Residential and Head Office— £ Plantation renewals .. .. .. .. 17,664 Land .. .. .. .. •• 15,308 Niuean labour deferred pav .. •• •• 196 Buildings .. .. .. .. •• ' 9, 608 Coolie Benevolent Fund * .. .. .. 8 Plant and machinery : Ice-works .. .. 489 18,931 Furniture and office plant .. .. .. 1,497 Sundry creditors— » Ordinary .. . . .. .. .. 5,999 Plantations leased— Personal accounts in credit— Land .. .. .. .. •• 79,375 Land purchase .. .. ~ .. 575 Buildings .. .. .. .. •• 10,630 Others . .. .. .. .. 317 Improvements .. .. .. •• 4,032 6,891 94,043 Deposit Account .. .. .. . . • • • • 64 Plantations worked— Bank of New Zealand— Land .. .. .. .. . • • • 296, 804 London .. .. .. .. .. •• 1,436 Buildings .. .. .. .. •• 41,370 London Suspense .. .. .. .. .. 89 Improvements .. .. .. .. ..35,863 Exchange Suspense Account .. .. .. .. 14 Plant and machinery .. .. .. . • o, 946 Paymaster-General's Suspense .. .. .. .. 28,100 Furniture .. .. .. • • • • 1,347 Realization Account .. .. .. .. .. 1 Stores .. .. .. .. •• •• 1>766 Writings-off in Suspense .. .. .. .. .. 3,229 Live-stock .. .. .. .. •• 23,306 Profit and Loss Appropriation .. .. .. .. 269,586 ?' Asau Sawmill development .. .. . • • • 1 > 830 : Plant and machinery .. .. .. .. • • 2,314 Motor- boats, motor-lorries, cars, and sundry assets .. .. 5,701 *

62

B—l [Ft. IV]

I Sundry debtors— £ ■ Rents, &c. .. .. .... .. .T" "2,640 j Ordinary debtors .. .. .. .. 471 j Sales of land (secured); .. ' .. .. .. 38 j Sales of produce . .. .. •• 32,016 | 35,165 Less reserve for bad debts .. .. .. 461 34,704 Paymaster-General's Account .. .. .. .. 178,247 Stores on hand and in transit .. .. .. ..19,771 Produce on hand .. .. .. • . • • • • 4,246 Losses on realization .. . . .. .. .. 21,663 Outstanding losses in Suspense .. .. .. .. 3,229 Planer-shop development .. . . .. .. .. 170 Banana Scheme Account .. .. .. ... .. 12 ,033 Purchase of copra.. .. .. .. .. .. 106,904 Cash in hand and in bank .. .. .. .. .. 13,511 £1,021,055 £1,021,055 New Zealand Reparation Estates: W. L. Edwards, for General Manager.' I hereby certify that the Profit and Loss Account, trading 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 .—J. P. Rutherford, Controller and Auditor-General.

63

B—l [Pt. IV]

SMALL FARMS SCHEME EX-SERVICEMEN'S SECTION Revenue Account for the Year Ended 31st March, 1947 Dr. £ Cr. £ £ Interest on capital: Loan capital .. .. .. .. 184,840 Rents receivable .. .. .. .. .. .. 12,969 Rebates .. .. .. .. .. .. 6 Interest receivable— Accident compensation .. .. .. .. .. 483 Current Account mortgage .. .. .. 25 Remissions of rent .. .. .. .. ~ 65 Instalment mortgage .. .. .. .. 152 Losses on disposal of properties to ex-servicemen— £ Miscellaneous .. .. .. . . .. 345 Ascertained loss for year .. .. 13,316 522 Less recovered from reserve for losses on develop- Interest on disposal of land and improvements .. .. 24,928 ment of land for ex-servicemen .. .. 13,316 Interest on development expenditure recouped .. .. 37,692 ———— .. Balance: Loss for year carried down .. .. .. 109,284 Rents, &c., written off . . .. .. .. 1 £185,395 £185,395 £ £ Loss to 31st March, 1946 .. .. .. .. .. 133,749 Balance: Loss to 31st March, 1947 .. .. .. 243,033 Balance : Loss brought down .. .. .. .. 109,284 £243,033 £243,033 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, 1947. Balance-sheet as at 31st March, 1947 Liabilities Assets £ Capital accounts: Liability to Consolidated Fund Leased land .. .. .. .. .. 325, 775 under section 6, National Development Loans Blocks under development— Act, 1941, for funds provided by— £ £ Purchase-price of areas being developed, includPublic Works Account .. .. 887,150 ing value of education endowment land set £ Land for Settlements Account .. .. 4,403,224 aside .. .. .. .. .. 3,507,604 5,290,374 Gross capital expenditure on development .. 1,247,523 Reserve for losses on development of land for Expenditure on live-stock and farm working .. 783,942 ex-servicemen .. .. .. .. 450,000 Chattels .. .. .. .. .. 182,679 Less losses recovered .. .. .. 13,316 436,684 5,721,748

64

B—l [FT. IY]

Subsidies (Mihi Block)— j Less value of blocks partly disposed Employment Promotion Fund .. .. 6,979 of— £ Consolidated Fund .. .. .. 12,606 | Unimproved value .. .. 125,393 19,585 | Improyements .. .. 383,097 Land set aside for small farms: Education endowment land 13,037 I 508,490 Creditors: Miscellaneous (departmental, &c.) .. .. 23,662 j 5,213,258 Profits on blocks disposed of (not finalized) .. .. 73,020 j Compensation for land taken (recoverable on selection) .. 74,411 Payments in advance: Rent .. .. .. .. 79 j* Water-supply Schemes: Headworks .. .. .. 9,730 Accrued interest on capital on blocks being developed • .. 234,783 i Water Supply Account: Maintenance.. .. .. 16 Writings-off in Suspense Account .. .. .. 12,751 ; Advances to mortgagors— £ Accounts in credit—Advances to mortgagors—Current j Current Account: Improvements .. .. 44 Account: Stock and chattels .. .. .. .. 157 j Instalment mortgage .. .. .. 2,382 Treasury Adjustment Account .. . . .. .. 318,357 ! 2,426 ! Dairy companies' shares .. .. .. .. 931 i Lime companies' shares .. .. .. .. 20 | Blocks in cotirse of disposal (not finalized) .. .. 192,643 1 Debtors— £ | Rent .. .. .. .. .. 3,433 Principal: Instalment mortgages .. .. 17 Interest— £ Instalment mortgages .. .. 52 Current Account .. .. 7 | 59 Water levies .. .. .. .. 505 Disposal of land and improvements .. .. 97,742 Miscellaneous (departmental, &c.) .. .. 9,772 111,528 Deposits held by dairy companies .. .. 1,482 Less reserve .. .. .. .. 298 1,184 Interest unrecouped on development expenditure .. 234,783 Losses in Suspense Account .. .. .. .. 12,751 Revenue Account: Balance carried forward .. .. 243, 033 £6,422,489 j £6,422,489 ; ■ i

3—B 1 [Pt. IV]

65

B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION Revenue Account for the Year Ended 31st March, 1947 Dr. " Or. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. .. 4,853 Loan capital .. .. .. .. 73,283 Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 Current Account mortgage .. .. .. 3,259 74,843 Instalment mortgage .. .. .. .. 16,195 Rent payable .. .. .. .. .. .. 413 Share-milkers' loans .. .. .. ... 72 Rebates .. .. .. .. .. .. .. 1,538 Miscellaneous .. .. .. .. .. 574 Accident compensation .. .. .. .. .. 284 20,1.00 Miscellaneous expenses .. .. .. .. .. 124 Interest on disposal of land and improvements .. .. 380 Losses on realization of advances to small farms occupiers .. 1,069 Interest accrued on loan to Napier Harbour Board .. .. 1,662 Capital losses on revaluation, reallotment, &c. .. .. 471 Interest on development expenditure recouped .. .. 99,168 Balance: Profit for year carried down .. .. .. 48,880 Rebates on superphosphate .. .. .. .. 112 Profit on disposal of developed blocks .. .. .. 1,347 £127,622 £127,622 £ " Balance: Loss brought forward from 31st March, 1946 .. 235,378 £ Profit for year brought down .. .. .. .. 48,880 Balance : Loss to 31st March, 1947, carried forward .. .. 186,498 £235,378 £235,378 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, 1947.

66

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 Liabilities Assets £ Capital accounts: Liability to Consolidated Fund Leased land .. .. . . .. .. 88,566 under section 6, National Development Loans Unleased land .. .. .. .. .. 3,600 Act, 1941, for funds provided by— £ £ Blocks under development— Public Works Account .. .. .. 1,242,854 • Purchase-price of areas being developed, includConsolidated Fund .. .. .. 39,000 ing value of education endowment lands set £ Land for Settlements Account .. • 561,173 aside .. .. .. .. .. 457,494 War Expenses Account .. .. .. 4,842 Gross capital expenditure on development .. 2,007,227 1,847,869 Expenditure on live-stock and farm working .. 118,972 Capital reserve : Special assets taken over at book value .. 39,453 Chattels (including store buildings) .. .. 41,103 Subsidies— £ Employment Promotion Fund .. .. 497,315 2,624,796 Consolidated Fund .. .. . . 583, 002 Less value of blocks partly disposed 1,080,317 of— £ Loan from Social Security Fund .. .. .. 3,161 Unimproved value .. .. 29,239 Land donated .. .. .. .. .. 368 Improvements .. ..115,611 Land set aside for small farms : Education endowment lands 2,998 144, 850 Creditors— £ 2,479,946 Rent .. .. .. .. .. 43 Loan to Napier Harbour Board— Miscellaneous (departmental, &c.) .. .. 10,674 Ahuriri Lagoon .. .. .. .. 37,624 10,717 Accrued interest .. .. .. .. 10,367 Water Supply Account: Maintenance.. .. .. 1,682 47,991 Profits on blocks disposed of (not finalized) .. .. 1,367 Water-supply schemes : Headworks .. .. .. 14,437 Payments in advance— £ Advances to small farm occupiers— Rent .. .. .. .. .. 259 Current Account— £ Principal: Instalment mortgages .. .. 302 Improvements .. .. .. 18,960 Interest— £ Stock and chattels .. .. 34,886 Instalment mortgages .. .. 450 53,846 Share-milkers' loans .. .. 4 Instalment mortgages .. .. .. 328,815 Current Account .. .. 23 382,661 477 Advances under share-milking agreements .. .. 1,167 Water levies .. .. .. .. 17 Realization Account: Leased areas in course of realization .. 6,517 1,055 Blocks in course of disposal (not finalized) .. .. 5,009 Carried forward 2,988,987 Carried forward 3,029,894

67

B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION— continued Balance-sheet as at 31st March, 1947— continued ! ii firiiiiii o q X? * A co/ifo + Brought forward 2,988,987 Brought forward 3,029,894 Accrued interest on capital on blocks being developed .. 280,173 Debtors— £ Writings -off in Suspense .. .. .. .. 15,357 Rents .. .. .. .. .. 1,408 Treasury Adjustment Account .. .. .. 486,331 Principal— £ Instalment mortgages .. .. 1,435 Share-milkers' loans .. .. 220 1,655 Interest— Instalment mortgages .. .. 2,851 Share-milkers' loans .. .. 23 Current Account .. .. 1,736 4,610. Water levies .. .. . . .. 584 Miscellaneous (departmental, &c.) .. .. 3,110 11,367 Deposits held by dairy companies . . .. 725 Less reserve .. .. .. .. 179 546 i Interest unrecouped on development expenditure .. 280,173 j Losses in Suspense Account .. .. .. .. 15,357 j Subsidies in respect of blocks disposed of— I Employment Promotion Fund .. .. 154,320 | Consolidated Fund .. .. .. 92,693 247,013 Revenue Account: Balance carried forward .. .. 186,498 £3,770,848 £3,770,848

68

B—l [Pt. IV]

COMBINED SECTIONS Revenue Account for the Year Ended 31st March, 1947 Dr. I Cr. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. .. 17,822 Loan capital .. .. .. .. .. 258,123 ! Interest receivable— £ Consolidated Fund .. .. .. .. 1,560 ! Current Account mortgage .. .. . . 3,284 259,683 I Instalment mortgage .. .. .. .. 16,347 Rent payable .. .. .. .. .. .. 413 I Share-milkers' loans .. .. .. .. ■ 72 Rebates .. .. .. .. .. .. 1,544 [ Miscellaneous .. .. .. .. .. 919 Accident compensation .. .. .. .. .. 767 ! 20,622 Miscellaneous expenses .. .. .. .. .. 124 ! Interest on disposal of land and improvements .. .. 25,308 Losses on realization of advances to small farm occupiers .. 1,069 j Interest accrued on loans to Napier Harbour Board .. .. 1,662 Capital losses on revaluation, reallotment, &c. .. .. 471 Interest on development expenditure recouped .. .. 136,860 Rents, &e., written off .. .. .. .. 1 Rebates on superphosphate .. .. .. .. 112 Remissions of rent .. .. .. .. .. 65 Profit on disposal of developed blocks .. .. .. 1,347 Losses on disposal of properties to ex-servicexpen— £ Balance : Loss for year carried down .. .. .. 60,404 Ascertained loss for year .. .. .. 13,316 Less recovered from reserve for losses on development of land for ex-servicemen .. .. 13,316 £264,137 £264,137 £ £ Balance: Loss brought forward from 31st March, 1946 .. 369,127 Balance: Loss to 31st March, 1947, carried down .. .. 429,531 Balance : Loss for year brought down .. .. .. 60,404 £429,531 . £429,531 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, 1947.

69

B—l [Pt. IV]

SMALL FARMS SCHEME— continued COMBINED SECTIONS— continued Balance-sheet as at 31st March, 1947 Liabilities Assets £ Capital accounts: Liability to Consolidated Fund Leased land .. .. .. .. 414,341 under section 6, National Development Loans Unleased land .. .. . . .. .. 3 5 600 Act, 1941, for funds provided by— £ £ Blocks under development— Public Works Account .. .. 2,130,004 Purchase-price of areas being developed, includLand for Settlements Account .. 4,964,397 ing value of education endowment land set £ Consolidated Fund .. .. .. 39,000 aside .. ~ .. ~ . . 3,965, 098 War Expenses Account .. .. .. 4,842 Gross capital expenditure on development .. 3,254,750 7,138,243 Expenditure on live-stock and farm working .. 902,914 Capital reserve: Special assets taken over at book value .. 39,453 Chattels (including store buildings) .. .. 223,782 Reserve for losses on development of land for £ ex-servicemen .. .. .. 450,000 8,346,544 Less losses recovered .. .. .. 13,316 Less value of blocks partly disposed 436,684 J of— £ Subsidies— ! Unimproved value .. .. 154,632 Employment Promotion Fund .. 504,294 • Improvements .. .. 498,708 Consolidated Fund .. .. .. 595, 608 653, 340 1,099,902 7,693,204 Loan from Social Security Fund .. .. .. 3,161 Compensation for land taken (recoverable on selection) .. 74^411 Land donated .. .. .. .. .. 368 Loan to Napier Harbour Board— £ Land set aside for small farms : Education endowment lands.. 16,035 Ahuriri Lagoon .. .. .. .. 37,624 Creditors— £ Accrued interest .. .. .. .. 10,367 Rent .. .. .. .. .. 43 47,991 Miscellaneous (departmental, &c.) .. .. 34,336 Water-supply schemes: Headworks .. .. .. 24,167 34,379 Advances to small farm occupiers— Water Supply Account: Maintenance .. .. .. 1,666 | Current Account— £ Profit on blocks disposed of (not finalized) .. .. 74,387 j Improvements .. .. .. 19,004 Payments in advance— £ j Stock and chattels .. .. 34,729 Rent .. .. .. .. .. 338 53,733 Principal: Instalment mortgages .. .. 302 j Instalment mortgages .. .. . . 331, 197 Interest— £ j 384,930 Instalment mortgages .. .. 450 j Advances under share-milkers' agreements . . . . 1,167 Share-milkers' loans .... 4 i Dairy company shares .. .. .. ~ 931 Current Account .. 23 Lime company shares .. .. .. .. 20 477 £ Water levies .. .. .. .. 17 Deposits held by dairy companies .. .. 2,207 1,134 Less reserve .. .. .. .. 477 Accrued interest on capital on blocks being developed .. 514, 956 I X, 730

70

B—l [Pt. IV]

Writings-off in Suspense .. .. .. .. 28,108 I Realization Account: Leased areas in course of realization .. 6,517 Treasury Adjustment Account, being interest on | Blocks in course of disposal (not finalized) .. .. 197,652 capital— £ j Debtors— £ Due to Land for Settlements Account .. 286,627 j Rents .. .. .. .. .. 4,841 Due to Consolidated Fund (less net revenue j Principal— £ paid direct) .. .. .. .. 518,061 Instalment mortgages .. .. 1,452 804,688 Share-milkers' loans .. .. 220 1,672 Interest— Instalment mortgages .. .. 2,903 Share-milkers' loans .. .. 23 Current Account .. .. 1,743 4,669 Water levies .. .. .. . . 1,089 Disposal of land and improvements .. .. 97,742 Miscellaneous (departmental, &c.) .. .. 12,882 122,895 I Interest unrecouped on development expenditure .. 514,956 Losses in Suspense Account .. .. .. .. 28,108 Subsidies in respect of blocks disposed of— £ Employment Promotion Fund .. .. 154,320 Consolidated Fund .. .. .. 92,693 247,013 Revenue Account: Balance carried forward .. .. 429,531 £10,193,164 ' £10,193,164 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, £514,956." D. M. GrBEiG, Under-Secretary for Lands. Y. J. H. Pledger, A.R.A.N.Z., 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 B-l [Pt. IV]. The following comments are appended : (1) The account does not bear a charge for the cost of expenses incurred by Departments administering the scheme, other than a reduced charge for the supervision of the erection of cottages and milking-sheds ; (2) it is unlikely that the realizable value of certain properties is equal to the development expenditure thereon.— J. P. Rutherford, Controller and Auditor-General.

71

B—l [PT. IV]

STATE FOREST SERVICE STATE FORESTS ACCOUNT Income and Expenditure Account for the Year Ended 31st March, 1947 General Revenue Account Expenditure £ Income Salaries and contribution to Public Service Superannuation Fund 60,849 Timber— £ £ General management of indigenous forests— Royalties .. .. .. .. .. 15,646 Postages, cables, stationery, and general office £ Sales .. .. .. .. .. ..187,750 Expenses .. .. .. .. .. 11,834 Trespass .. .. .. .. .. 226 Forest reconnaissance, timber cruising, &c. .. .. 40,719 203,622 Maintenance of motor-vehicles .. .. .. 7,452 Leases— Travelling and transfer expenses .. .. .. 9,407 Grazing .. .. .. .. .. 1,980 Maintenance of buildings and departmental property 1,861 ' Sawmill sites .. .. .. .. .. 295 Contingencies .. .. .. .. .. 12 Miscellaneous .. .. .. .. .. 207 71,285 2,482 Forest-fire prevention : Fire-fighting wages, &c. .. .. 6,544 Licence and transfer fees .. .. .. .. .. 356 Research and educational: Silvicultural management studies and j Fees for inspections .. .. .. .. .. 5,712 timber products testing .. .. .. .. .. 15,413 Administration expenses (Forests Amendment Act, 1926) .. 943 Tree-seed operations .. .. .. .. .. 53 Miscellaneous revenue .. .. .. .. .. 3,663 Miscellaneous— £ . Profit on sale of books .. .. .. .. .. 70 Annual rent, Otanewainuku .. .. .. 74 Managed forests— £ Payments of special rates .. .. .. 35 Waipoua and Omaliuta: Royalty .. .. 4,508 Payments to other Departments .. .. .. 323 Less loss for year .. .. .. .. 4,118 Work for other Departments .. .. .. 1,642 Expenditure, Oruanui . . . . . . .. 7,964 , 390 10,038 Whirina'ki and Pureora : Profit and royalty .. 19,249 Depreciation .. .. .. .. .. .. 3,476 19,639 Balance carried down .. .. .. .. 68,829 £236,487 £236,487

72

B—l [Ft. l.\' |

Allocation of Revenue Account Consolidated Fund £ Balance horn General Revenue Account 68,829 National Endowment Account .. .. .. ..10,886 Capital profit on motor-vehicles Local bodies : Fifths of revenue (Finance Act, 1924, section 17) 15,761 General reserve .. .. •• •• •• •• 42,195 , £68,842 £68,842 Nurseries and Plantations : Interest and Miscellaneous Dr £ Cr. £ Interest payable ' •• 184,227 Profit on Westland Nursery 17 r J Interest on commercial projects .. .. •• •• i4,00«i Net interest payable capitalized .. .. •• •• 169,547 £184,227 £184,227

73

B—l [Pt. IV]

STATE FOREST SERVICE— continued STATE FORESTS ACCOUNT— continued Balance-sheet as at 31st March, 1947 Liabilities £ Assets £• Land and forest capital .. .. .. .. 36,441,916 Land taken over or purchased .. .. .. .. 1,720,595 National-development loans .. .. .. .. 4,927,438 Indigenous standing forests taken over or purchased .. 34,028,190 Advances from Consolidated Fund .. 87,405 Indigenous forests improvements (roads, tracks, protection, &c.) 8,427 Sundry creditors— Regeneration of cut-over areas (including planting) .. 65,451 Consolidated Fund for— £ Indigenous forests under management .. .. .. 141,682 Interest paid on loans .. .. .. 1,569,299 Cost of establishment of exotic forests .. .. 7,919,415 Loans redeemed .. .. .. 141,554 Seed stocks .. .. .. .. .. .. 1,212 National-endowment revenue collected but Utilization plant, stocks, &c.— not paid over .. .. .. 30,909 Whakarewarewa: Sawmill, box-factory, and £ creosoting .. .. .. .. 405,489 1,741,762 Hanmer Springs: Creosoting .. .. .. 2,792 On open account .. .. .. .. 122,705 Southland: Creosoting .. .. .. 17,767 1,864,467 Miscellaneous .. .. .. .. 2,788 Reserves— j 428,836 General reserves— Departmental property (indigenous forests and Indigenous forests .. .. ..1,163,313 general administration)— Exotic forests .. .. .. .. 941,376 j Buildings .. .. .. .. .. 7,434 Utilization (sawmilling, &c.) .. .. 42,742 Field, office, and miscellaneous equipment .. 25,772 Forest atlas .. .. .. .. .. 4,733 2,147,431 Motor-vehicles .. .. .. .. 25,642 Fire Insurance Reserve .. .. .. 11,385 Reference library and saleable publications .. 1,319 Reserve for assets held in suspense (see contra) ' 2,913 Stamps on hand .. .. .. .. 242 2,161,729 | 65,142 Credit Suspense Account .. .. .. .. 511 | Sundry debtors on open account .. .. .. .. 180,818 Amounts held in deposit (see contra) .. .. .. 33,932 j Net interest payable capitalized but not charged against specific : assets .. .. .. .. .. .. 893,788 Assets in Suspense (see contra) .. .. .. .. 2,913 I Cash held in deposit (see contra) .. .. .. .. 33,932 Cash in Public Account and outstanding imprests .. .. 26,997 £45,517,398 £45,517,398

74

B-—1 tPT, 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. Pending completion of the national forest survey, no debit has been made in the Revenue Account and no reduction has been m ade in the asset '' Indigenous standing forests " in respect of the value of timber or timber rights disposed of. (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. (3) The liability for advances from Consolidated Fund is fixed by section 21 of the Finance Act, 1926, section 3 of the Finance Act, 1926, and section 3 of the Finance Act, 1927, at £104,250. £87,405 3s. 4d, only is"shown as a liability of this account, £16,844 16s. Bd. representing the expenditure on sand-dune reclamation, having been transferred without statutory authority to the Crown Lands Account. A. R. Entrican, Director. R. J. Wells, Accountant. I hereby certify that the Working Accounts and Profit and Loss Account of the Utilization Branch and the General 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'.

75

B—l [FT. IV]

STATE IRON AND STEEL DEPARTMENT Iron and Steel Industry Account

In addition to the' above net expenditure of Employment Promotion and Loan moneys amounting to £260,418 out of the Iron and Steel Industry Account, payments from War Expenses Account amounting to £65,272 were made during the period 1941 to 1945 on the reconditioning of the plant at Onekaka which was undertaken as a war measure, and maintenance costs of the plant totalling £1,563 were charged against vote " Industries and Commerce " during the year 1947-48. R. Y. Jackson, Commissioner. I hereby certify that the Statement of Receipts and Payments has been duly examined and 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.

76

• 1938-39. 1939-40. 1940-41. 1941-42. 1942-43. 1943-44. I 1944-45. J 1945-46. 1946-47. 1947-48. ; Total. Receipts £ £ £ £ £ £ £ £ £ £ £ Salaries recovered 4,123 1,931 3,122 1,896 2,699 1,484 1,620 268 17,143 Refund of petrol-tax ' ' 18 ' 114 104 46 71 353 Sale of assets 21 86 92 18 ' '50 8 '225 i25 625 Refund of travelling-expenses 44 5 42 8 11 1 111 Recoveries from reconditioning : Onekaka 909 909 Hire of tractors ' '30 ' "l9 49 Rents, wharfage, &c. -1 ' '51 ' '24 ' 112 162 '413 '328 '370 '373 '250 2,087 Employment Promotion Fund 65,500 65,500 Loans 4," 000 8 j 000 2j000 2:000 oiooo 172 j 918 194,918 f 65,522 230 8,342 10,253 5,400 2,370 3,944 4,080 8,118 173,436 281,695 Payments £ £ £ £ £ £ £ £ £ £ £ Salaries 1,635 6,576 4,123 3,197 2,839 2,946 2,381 2,634 1,742 150 28,223 Audit fees 28 49 52 13 57 26 225 Fuel, light, and power ' 19 36 1 56 Furniture and equipment 477 55 1 2 ' 30 565 Postages 143 43 32 107 ' '57 ' '24 ' 'l0 25 ' '26 " 8 475 Printing and stationery 53 43 7 2 2 1 8 3 4 123 Rent 186 227 85 29 41 5 573 Telephone 36 61 32 31 19 9 ' 'l0 198 Library and books 61 85 20 18 26 16 4 230 Office expenses 42 48 7 4 5 ' '32 2 140 Travelling-expenses .. 155 191 80 205 ' 35 ' '39 5 710 Stfrvey and preliminary wofk 27,063 20,366 6,381 5,464 1,427 51 'l88 ' 'l7 60,957 Reconditioning : Onekaka 909 '387 498 225 11 2,030 Consultant's fees 4^000 '■440 4,440 Court costs '307 90 '324 ' '20 2 j 061 289 8 j 867 16,958 Claims 165,792 165,792 29,870 31,759 10,818 9,418 4,989 4,381 2,851 5,256 7,506 | 174,847 281.695-

77

B—l [Ft. IV]

SWAMP LAND DRAINAGE SCHEME Receipts and Payments Account eor the Year Ended 31st March, 1947 Receipts Payments Ordinary Revenue Account: Departmental receipts— £ Ordinary Revenue Account: Vote " Land and Survey " Rents, swamp drainage lands .. .. .. .. 389 Drainage works : Maintenance of completed works— £ £ Rates— £ Waihi .. .. .. .. .. 1,290 Waihi .. .. .. .. .. 2,473 Kaitaia .. .. .. .. .. 2,223 Kaitaia .. .. .. .. .. 4,430 , Poukawa .. .. .. .. .. 429 Poukawa .. .. .. .. 715 3,942 7,618 Purchase of plant .. .. .. .. .. 4,816 Miscellaneous .. .. .. .. .. 1,648 Plant Operating Account .. .. .. .. .. 945 Transfer to Treasury Adjustment Account .. .. .. 48 £9,703 £9,703 Treasury Adjustment Account for the Year Ended 31st March, 1947 Dr. £ I Or. £ Transfer: Vote " Lands and Survey" .. .. .. 38 Balance, Ist April, 1946 .. .. .. .. .. 374,731 Balance, 31st March, 1947.. .. .. .. .. 380,888 | Receipts and Payments Account .. .. .. .. 48 j Hauraki Plains Settlement Account .. .. .. 8 | Rangitaiki Land Drainage Account: Net transfer .. .. 32 I Interest on capital .. .. .. .. .. 6,107 i £380,926 J £380,926

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME— continued Rate Accounts for the Year Ended 31st March, 1947 KAITAIA DRAINAGE AREA Special Rate Accounts : Capital Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ £ Or. £ £ Transfer to reserve .. .. .. .. . . 83 Balance, Ist April, 1946 .. .. .. 470 289 Interest charges .. .. .. ..2,700 327 Rates levied, 1946-47 .. .. .. .. 2,263 448 Remissions .. .. .. .. .. 1,482 .. 10 per cent, penalty on unpaid rates .. .. 16 1 Balance, 31st March, 1947 .. .. .. 6,884 328 Transfer of balance of Reserve Account: Repayment of capital costs .. .. .. 6,843 Remissions transferred to General Revenue Account 1,474 £11,066 £738 £11,066 £738 General Rate Accounts : Maintenance Rural Town I Rural Town Subdivision. Subdivision. Subdivision. Subdivision. Dr. £ £ | Or. £ £ Cost of maintenance .. .. .. .. 1,422 194 | Balance, Ist April, 1946 .. .. .. 3,053 315 Remissions .. .. .. .. .. 788 .. j Rates levied, 1946-47 .. .. .. .. 1,914 299 Balance, 31s.t March, 1947 .. .. .. 3,546 421 * ! 10 per cent, penalty on unpaid rates .. .. 8 .1 L Remissions transferred to General Revenue Account 781 £5,756 £615 ! £5,756 £615 WAIHI DRAINAGE AREA Special Rate Accounts : Capital Pukehina Kaikokopu Ptikehina Kaikokopu Ward. Ward. Ward. Ward. Dr. £ £ Or. £ £ Transfer to reserve .. .. .. • • 60 89 Balance, Ist April, 1946 .. . . .. 801 471 Interest charges .. .. .. . • 195 293 Rates levied, 1946-47 . . .. . . .. 325 440 Balance, 31st March, 1947 .. .. .. 878 531 10 per cent, penalty on unpaid rates .. .. 7 2 £1,133 £913 ! £1,133 £913

78

B—l [Pt. IV]

General Bate Accounts : Maintenance Pukehina Kaikokopu Central Pukehina Kaikokopu Central Ward. Ward. Ward. Ward. Ward. Ward. Dr. , £ £ £ Or. £ £ £ Maintenance costs .. .. 52 709 529 Balance, Ist April, 1946 .. .. 929 240 345 Remissions . . .. .. .... .. 4 Rates levied, 1946-47 .. 88 921 600 Balance, 31st March, 1947 .. .. 967 461 412 10 per cent, penalty on unpaid rates 2 9 £1,019 £1,170 £945 £1,019 £1,170 £945 POUKAWA DRAINAGE AREA Special Rate Accounts : Capital Dr. £ Cr. £ Transfer to reserve .. .. . . .. .. 212 Balance, Ist April, 1946 . . .. .. .. .. 833 Interest charges . . .. . . .. . . .. 733 Rates levied, 1946-47 . . .. . . . . .. 999 Balance, 31st March, 1947 .. .. .. .. .. 932 10 per cent, penalty added to unpaid rates . . .. .. 45 £1,877 £1,877 General Rate Accounts : Maintenance Dr. ,£ | Cr. £ Cost of maintenance .. .. .. .. .. 429 j Balance, Ist April, 1946 .. .. .. .. .. 1,218 Balance, 31st March, 1947 .. .. .. .. 1,168 | Rates levied, 1946-47 .. .. .. .. .. 311 10 per cent, penalty added to unpaid rates .. .. .. 14 Thirds .. .. .. .. .. .. .. 54 £1,597 £1,597

79

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st March, 1947 Liabilities I Assets Capital Account— Kaitaia Drainage Area— Liability to Consolidated Fund under National £ £ Allocated cost of work on which rates are levied— £ £ Development Loans Act, 1941, section 6 (2) .. 498,003 Rural subdivision .. .. .. .. 60,000 Less Land for Settlements Account .. .. 530 Town subdivision .. .. .. .. 8,200 497,473 68,200 Reserve : Repayment of capital costs— Excess cost of works not recoverable .. .. 164,587 Kaitaia Drainage Area: Town subdivision .. 1,018 Interest Account: Amount-chargeable to area Waihi Drainage Area— £ capitalized to 31st March, 1940 .. .. 168,958 Pukehina Subdivision .. .. 725 333,545 Kaikokopu Subdivision .. .. 1,087 Waihi Drainage Area— 1,812 Allocated cost of work on which rates are levied— Poukawa Drainage Area .. .. .. 2,291 Pukehina Subdivision .. .. .. 5,000 5,121 Kaikokopu Subdivision .. .. .. 7,500 Rate Accounts— Central Subdivision .. .. .. .. 46,056 Special Rate Accounts : Capital— 58,556 Kaitaia Drainage Area— Excess cost of works not recoverable .. .. 28,584 Rural subdivision .. .. 6,884 • Interest Account: Amount chargeable to area Town subdivision .. .. .. 328 capitalized to 31st March, 1940 .. .. 48,576 7,212 77,160 Waihi Drainage Area— Poukawa Drainage Area— Kaikokopu Subdivision .. .. 531 Drainage works .. .. .. .. 17,494 Pukehina Subdivision .. .. 878 Interest Account: Amount chargeable to area .. 1,273 1,409 18,767 Poukawa Drainage Area .. .. .. 932 Hikurangi Drainage Area— 9,553 Drainage works .. .. .. .. 260,140 General Rate Accounts: Maintenance— Less amount written off .. .. 184,389 Kaitaia Drainage Area— Rural subdivision .. .. .. 3,546 75,751 Town subdivision .. .. .. 421 Interest Account: Amount chargeable to area 3,967 capitalized to 31st March, 1940 .. .. 163,068 Waihi Drainage Area— 238,819 Pukehina Subdivision .. .. 967 Mangawai Drainage Area— Central Subdivision .. .. 412 Drainage works .. .. .. .. 1,878 Kaikokopu Subdivision .. .. 461 Interest Account: Amount chargeable to works to 1,840 31st March, 1939 .. .. .. .. 1,606 Poukawa Drainage Area .. .. .. 1,168 6,975 3,484 Sundry creditors: Departmental .. .. .. .. 1,542 Less amount written off .. .. .. 3,484

80

B—l [PT. IV]

Payments in advance : Rates .. .. .. .. 616 Hari Hari Drainage Area— Building Suspense .. .. .. .. .. 78 Drainage works .. .. .. .. 4,355 Drainage Works Suspense .. .. .. .. 660 Interest Account: Amount chargeable to area Writings-off in Suspense .. .. .. .. .. 5,875 capitalized to 31st March, 1940 .. .. 3,429 Treasury Adjustment Account .. .. .. .. 380,888 7,784 Unpaid purchase-money on land sold on deferred payment .. 660 Buildings .. .. .. .. .. .. 915 Buildings: Loading .. .. .. .. .. 78 Plant and machinery .. .. .. .. .. 8,926 Loose tools .. .. .. .. .. .. 63 Stores on hand .. .. .. .. .. .. 877 Motor-vehicles .. .. .. .. .. .. 50 Plant Working Account .. .. .. .. .. 101 Sundry debtors for rates : Drainage Area. Capital. Maintenance. Total. £ £ £ Kaitaia .. .. .. .. 2,475 1,211 3,686 Waihi .. .. .. .. 2,234 2,012 4,246 Poukawa .. .. .. .. 3,946 1,023 4,969 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. .. .. 43 Law-costs .. .. .. .. .. 54 Departmental ... ... ... ... 747 844 Revenue Account— Waihi Drainage Area : Central Subdivision 25,667 General Revenue Account ... ... .. .. 34,424 Suspense Account— Capital rates remitted Kaitaia Drainage Area .. .. .. .. .. 14,202 Losses in Suspense .. .. .., .. ... 5,875 Cash in transit from post-office .. .. ... .. 367 £908,781 £908,781 Note.—Up to 31st March, 1940, interest on the recoverable expenditure was charged against the Rate Accounts and interest on the balance of the expenditure was capitalized, but, in terms of Treasury Instructions No. 81, Treasury agreed that thereafter interest on irrecoverable expenditure need not be brought into the accounts. D. M. GrREiG, Under-Secretary for Lands. V. J. H. Pledger, A.R.A.N.Z., Chief Accountant. I hereby certify that the Rate Accounts and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental note enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV],— J. P. Rutherford, Controller and Auditor-General.

4—B 1 [Pt. Vl]

81

B—l [PT. IV]

TARANAKI MAORI TRUST BOARD Statement of Receipts and Payments for the Year Ended 31st March, 1947 Receipts Payments Balance as at Ist April, 1946— £ £ Marae— £ In bank .. .. .. .. .. 4,928 Renovation grants .. .. .. .. .. 381 War loans .. .. .. .. .. 6,060 Miscellaneous grants .. .. .. .. .. 467 1 0,988 District Committee grants .. .. .. .. .. 1,200 Compensation grant .. ~ .. .. .. 5,000 Education grants .. .. .. .. .. .. 595 Interest .. .. .. .. .. .. .. 169 Special grant .. .. .. .. .. .. 50 Rent .. .. .. .. .. .. .. 61 Administration of Board .. .. .. .. .. 476 Kautu Pa : Contribution, Prime Minister's visit .. .. 100 Office renovation .. .. .. .. .. .. 11 Credit balance— £ War loans: Government stock .. .. .. 3,000 National Savings .. .. .. .. 3,152 6,152 In bank .. .. .. .. .. 6,986 13,138 £16,318 £16,318 Statement of Income and Expenditure for the Year Ended 31st March, 1947 Expenditure Income £ Marae — £ Compensation grant .. .. .. .. .. 5,000 Renovation grants .. .. .. .. .. 1,748 Interest .. .. .. .. .. .. 137 Miscellaneous grants ~ .. .. .. .. 467 Rent .. .. .. .. .. .. .. 155 District Committee grants .. .. .. .. .. 1,200 Excess of expenditure over income .. .. .. .. 449 Education grants .. .. .. .. .. .. 595 Special grants .. .. .. .. .. .. 308 Rehabilitation grants . ■ .. .. .. .. 700 Health grants .. .. .. .. .. .. 200 Administration of Board .. .. .. .. .. 523 £5,741 £5,741

82

B—l [Pt. IV]

Balance-sheet as at 31st March, 1947 Liabilities Assets Ma,r a © £ Land and buildings— £ £ Renovation grants .. .. .. .. •• 5,316 Balance as at Ist April, 1946 .. .. .. 1,057 Miscellaneous grants .. .. .. •• •• 429 Less depreciation .. .. .. .. 31 , Health grants .. •. •• •• •• . 1,026 Rehabilitation Reserve Fund .. .. • • ..4,852 Furniture and fittingsGeneral Reserve Fund .. .. •• •• ..2,000 Balance as at Ist April, 1946 .. .. .. 83 Depreciation Reserve Fund .. .. .. •• •• 19 Less depreciation .. .. .. .. j4 Sundry creditors .. .. • ■ . • - • 23 79 Office renovation .. .. • • •• • • • ■ 17 Sundry debtors .. .. .. .. .. • • Appropriation Account— £ Office: Payments m advance .. .. .. .. 5 Balance as at Ist April, 1946 .. .. .. 2,691 Loan: Manukorihi Pa improvement scheme .. .. ..1,000 Less excess of expenditure over income .. .. 449 Rehabilitation Reserves investments— 2,242 Government stock .. .. .. 1,000 National Savings .. .. .. .. .. 3,152 4,152 General Reserve investments: Government stock .. .. 2,000 Cash balance : In bank .. .. . • .. .. 6,986 £15,498 £15,498 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 : At audit no evidence of payment was produced in support of payments totalling £1,152 6s. 4d. and only the endorsed cheques were produced in support of payments totalling £493 4s. 9d.— J. P. Rutherford, Controller and Auditor-General.

83

B—l [Pt. IV]

O <32 00 i-H >0 Tt< C 5 F- <N CO O MNHGOO EK3 IN G<« CO I> O © <M 1-1 cirt 0 o §fi O eg •<D M e+H O PI T o•• • • g "43 o Lu ?H - o 'C d £5 ft ,rH H J fl I | 8 § ::::<=> g * EH S .-S « S | I 1 o g .3 A : :„ M I OQ i2 go o ft M £>£) £ > Sh P w -S I • £$Z CQoa H h M rrt " ct> W§ I! :!jf§ Eh £5 o.Sh hr <1 £s3§£°pq-£ g<J 58 1 f- a P B h Jh a a q w .g P?bk^W FH P? oQ g : I —l H ~t< O 1> CO <N 00 to C 5 Tfi I—l TH 00 l> I—l 00 00 TH O Tt< CO Ol CO I—l 01 CD 10 05 r c~ o 5 S K5 r-T r-T rH 10 «<5 rH 00 tjT CO rH IO *0 .-T CO lO HH © 05 (N H H . <N H 8 5 o ® * g <•, 1 ■ ; ' 0 H : o EH ■ ts 6 H' g §3 •'• | g: W I H H o -g Q3 PH 5M fl '. g h . .g 5 P-i . -£ 5 +=» JT2 Qj ?H T5 £ « g! a ' H| ! § H TJ • -13 -gs h § g : ::::::::::::::: :::::: S g' sv* 5 jo ft-e ' &£ lf§i S © M 2 Op fi £l li § . . . . . . . .ft §f' CJ®2 . G . . . . , rH , . . . O © rti O .5 ® cS D 0 oa 110 2 P» •• rl & 3-& i' is. ill* *8 i is ol» ■ • i'l §>* 8 I 2 .-< • • i irQl3 : 2 &D_ : : :«« s- ■ s gio g'-f a §«I %>"g s§!-i o £S -I •• I -g ®§ $ g |'-§ ®K :ill|i|illfigliiiisiifiiliiii l*' |ll l|-S|l |2 IS

84

B—l [FT. IV]

PASSENGER BOOKING BRANCH Working Account for the Year Ended 31st March, 1947 Dr. Cr. £ Net loss— £ Commission on Government tour orders: Head Office portion .. 358 Auckland Bureau .. .. .. .. .. 273 Miscellaneous receipts .. .. .. .. .. 2,064 Rotorua .. .. .. .. .. .. 492 Unpresented tickets in previous years .. .. .. 8,405 Wellington .. .. .. .. .. .. 584 Net profit— Invercargill .. .. .. .. .. .. 555 Christchurch .. .. .. .. .. .. 702 Miscellaneous expenses .. .. 1,264 Dunedin Bureau .. .. .. .. .. .. 407 Head Office expenses .. .. .. .. .. 4,940 Net profit, to Income and Expenditure Account .. 3,828 £11,936 £11,936 Treasury Adjustment Account for the Year Ended 31st March, 1947 Dr. £ Cr. Industries and Commerce Department: Ledger Accounts Expenditure— £ transferred .. .. .. .. .. .. 11,211 Consolidated Fund .. .. .. .. •• 330,093 Prime Minister's Department: Ledger accounts transferred .. 38,145 Unauthorized .. .. .. .. •• 50,328 Lands and Survey Department— Films, photos .. .. .. .. .. 228 Land at Te Anau .. . . .. .. .. 360 Lands and Survey Department: Land, Mount Cook (Birch Bathhouse, Tokaanu .. .. .. .. .. 130 Hill Station) .. .. .. .. .. • • 240 Internal Affairs Department: Services, Auckland Bureau .. 100 Public Works Department: Rent, Invercargill Office .. 70 Customs Department: Services, Sydney Office .. .. 40 Treasury : Interest, Rotorua Golf Club .. .. .. 56 Revenue: Tourist and Health Resorts Control Act .. .. 226,166 Balance carried down .. .. .. .. .. 104,751 £380,959 £380,959 £ Income and Expenditure Account— £ Balance, Ist April, 1946 .. .. .. .. •• 1,101,800 Industries and Commerce .. .. .. .. 986,938 Balance brought down ... .. .. .. .. 104,751 Tourist and Health Resorts .. .. .. .. 76,782 Interest on capital .. .. .. .. •• 26,254 Capital Account: Increase in capital, 1946-47 .. .. 29,829 Balance carried forward .. .. .. .. 139,256 £1,232,805 £1,232,805

s—B 1 [Pt. Vl]

85

B—l [Pt. IV]

DEPARTMENT OF TOURIST AND HEALTH RESORTS— continued Balance-sheet as at 31st March, 1947 Liabilities Assets . £ Capital— £ £ Land .. .. .. .. .. •• 204,565 Public Works Fund .. .. .. 780,572 Buildings .. ». .. .. .. •• 280,781 Consolidated Fund .. .. .. .. 46,954 Stores .. .. .. .. .. .. .. 47,519 Unemployment Fund .. .. .. .. 331 Motor-vehicles .. .. .. .. .. •• 3,667 827,857 Live-stock .. .. .. .. .. .. 507 Creditors— Furniture and fittings .. .. .. .. .. 25,996 Departmental .. .. .. .. .. 14,298 Debtors— £ Sundry .. .. .. .. .. 27,461 Departmental .. .. .. .. .. 13,013 41,759 Sundry .. .. .. .. .. 9,925 Passenger bookings— 22,938 Ticket Sales Account .. .. .. .. 89,200 Water and drainage systems .. .. .. .. 85,103 Deposits on Tours Account .. .. .. 14,995 Rotorua electric system : Land, transmission line, buildings, &c. 124,999 104,195 Plant and machinery .. .. .. .. .. 11,514 Reserve for doubtful debts .. .. .. .. 633 Wharves and slipways .. .. .. .. .. 1,985 Writing off Reserve .. .. .. .. .. 860 Electric system at hotels .. .. .. .. .. 26,034 Reserve for deposits at Rotorua .. .. .. .. 1,188 Steamer, launches, and boats .. .. .. .. 2,215 Treasury Adjustment Account .. .. .. .. 139,256 Bridges .. .. .. .. .. .. 2,060 | Garden implements .. .. .. .. .. 390 National Development Account .. .. .. .. 36,547 Linen, crockery, cutlery, silverware, &c. .. .. .. 19,932 Telephone lines .. .. .. .. .. .. 1,125 Assets in Suspense .. .. .. .. .. 860 Cash in hands of receivers .. .. .. .. 6,547 Advance : Rotorua Golf Club .. .. .. .. 943 Cash on deposit— Rotorua Office .. .. .. .. • • 318 At bank .. .. .. .. .. .. 14,302 Receiver-General's Deposit Account .. .. .. 68,870 Remittances in transit and outstanding balances at Tourist Bureaux .. .. .. .. .. .. 18,970 Income and Expenditure Account: Excess expenditure over income .. .. .. .. .. .. 107,061 £1,115,748 £1,115,748

86

B—l [Pt. IV]

L. J. Schmitt, General Manager, Department of Tourist and Health Resorts. E. Groom, Chief Accountant, Department of Tourist and Health Resorts. 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 B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

87

B—l [Pt. IV]

TUWHARETOA TRUST BOARD Statements of Receipts and Payments foe the Year Ended 31st March, 1947 Receipts Payments £ Balance, 31st March, 1946— Grants .. .. .. .. .. .. .. 3,620 New Zealand Government— £ £ Members .. .. .. .. .. .. .. 80 War Loan .. .. .. .. .. 750 Office expenses .. .. .. .. .. .. 153 Liberty Bonds .. .. .. .. .. 250 Petty cash expended .. .. .. .. .. 15 Victory Bonds .. .. .. .. .. 100 Sundry unclassified expenses .. .. .. .. 32 National Savings .. .. .. , .. .. 1,019 Advances and repayments credits .. .. .. 11 Bank of New Zealand .. .. .. .. 9 Balance, 31st March, 1947— Post Office Savings-bank .. .. .. .. 8 New Zealand Government— £ 2,136 Liberty Bonds .. .. .. .. 250 Grant from New Zealand Government .. .. .... 3,000 Victory Bonds .. .. .. .. 100 Interest, National Savings .. .. .. .. .. 30 National Savings .. .. .. .. 1,050 Refunds against advances .. .. .. .. .. 129 Bank of New Zealand .. .. .. .. 335 Excess licences .. .. .. .. 332 1,735 Office rent .............. 2 Refunds of grants .. .. .. .. .. .. 17 £5,646 ' £5,646 Statement op Revenue and Expenditure for the Year Ended 31st March, 1947 Expenditure £ Revenue £ Grants .. .. .. .. .. .. .. 3,604 Grant, New Zealand Government .. .. .. .. 3,000 Members .. .. .. .. .. .. .. 80 Excess licences .. .. .. .. .. .. 332 Office expenses .. .. .. .. .. .. 151 Interest, National Savings .. .. .. .. .. 30 Petty cash expenses .. .. .. .. .. 15 Sundry unclassified expenses ........ 32 3,362 Deficit for year .. .. • .. .. .. .. 520 £3,882 =— £3,882 Deficit, 1947 .. .. .. .. .. .. 520 £ Balance, carried forward .. .. .. .. 7,042 Balance, brought forward .. .. .. .. 7,562 £7,562 £7,562

88

B—l [PT. IV]

Balance-sheet as at 31st March, 1947 Liabilities £ | Assets Reserve for depreciation .. .. .. .. .. 59 Office— £ £ Sundry creditors .. .. .. .. .. .. 38 Furniture .. .. .. .. .. 42 Balance, Income and Expenditure Account .. .. 7,042 Appliances .. .. .. .. .. 17 59 Tongariro Timber Owners Claim Account .. .. .. 2,000 Ngati-Tuwharetoa compensation claim : Principal .. .. 1,074 Barclay, G. .. .. .. .. .. 4 Sundry debtors for advances .. .. .. .. 2,268 National Savings .. .. .. .. .. 1,049 Liberty Bonds .. .. .. .. .. .. 250 Victory Bonds .. .. .. .. .. .. 100 Bank of New Zealand .. .. .. .. .. 335 £7,139 £7,139 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. Kutherford, Controller and Auditor-General.

89

B—l [Pt. IV]

MARINE DEPARTMENT WESTPORT HARBOUR ACCOUNT Income and Expenditure Account for the Year Ended 31st March, 1947 Expenditure £ Income £ Dredging .. .. .. .. .. .. 72,955 Special coal rate .. .. .. .. .. .. 20,584 Harbour: Maintenance .. .. .. .. 11,310 Endowment revenue .. .. .. .. .. 16,752 Breakwater protective works .. .. .. .. .. Port dues .. .. .. .. .. .. 3,038 Working-expenses of tug and launch.. .. .. .. 132 Hire of plant .. .. .. .. .. .. 7,692 Office administration (local) .. .. .. .. 2,493 Sale of stores, &c. .. .. .. .. .. .. 6 Endowments: Administration expenses .. .. .. 437 Rent .. .. .. .. .. .. .. 74 Compensation for accidents.. .. .. .. .. 733 Use of transmission lines .. .. .. .. .. 12 Payments to Post and Telegraph Department .. .. 220 Supervision of explosives magazine .. .. .. .. 75 Motor-vehicles: Maintenance .. .. .. .. 107 Excess expenditure over income .. .. .. .. 49,819 Travelling-expenses .. .. .. .. .. 264 Head Office administration .. .. .. .. 600 Depreciation— £ Buildings .. .. .. .. .. 141 Dredge, wharf, &c. .. .. .. .. 2,372 2,513 Interest on loans .. .. .. .. .. 6,288 £98,052 £98,052

90

B—l [Pt. IV]

Receipts and Payments Account for the Year Ended 31st March, 1947 Receipts £ Payments £ Marine revenue: Westport Harbour receipts .. .. .. 48,682 Refunds of revenue .. .. .. .. 281 Final charges adjustment .. .. .. .. .. 858 Westport Harbour payments .. .. .. ..91,511 General .. .. .. .. .. .. .. 522 Final charges adjustment .. .. .. .. .. 858 Balance carried down .. .. .. .. .. 42,588 £92,650 £92,650 Treasury Adjustment Account Dr. £ ! Or. £ Balance carried down .. .. .. .. .. 43,188 j Balance brought down .. .. .. .. .. 42,588 ! Administration charges, Head Office .. ... .. 600 £43,188 : £43,188 £ Balance, 31st March, 1947 .. .. .. .. .. 248,867 , £ Balance brought down .. .. .. .. .. 43,188 Balance, Ist April, 1946 .. .. .. .. .. 197,803 Adjustment by journal entry 4865 .. .. .. .. 1,588 Interest on capital .. .. .. .. .. 6,288 £248,867 £248,867

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B—l [PP. IV]

MARINE DEPARTMENT— continued WESTPORT HARBOUR ACCOUNT— continued Balance-sheet as at 31st March, 1947 Liabilities Assets Creditors— £ £ £ Debtors— £ £ £ Departmental .. .. .. .. 486 Accrued revenue .. .. .. 123 Sundry .. .. .. .. 4,773 Departmental .. .. .. .. 1,187 5,259 Sundry .. .. .. .. 2,800 Revenue paid in advance .. .. .. 101 4,110 Total of current liabilities .. .. .. 5,360 Stock and stores at cost .. .. .. .. 9,904 Fixed-term liabilities: Liability to Consolidated Fund— Total of current assets .. .. .. 14,014 Finance Act, 1926 (No. 2), section 22 .. .. 64,783 Fixed assets at cost, less depreciation— Finance Act, 1932, section 16 .. .. .. 92,422 Breakwaters .. .. .. .. 344,333 Total, fixed-term liabilities .. .. .. 157,205 Training -walls .. .. .. .. .. 102,998 Endowment capital .. .. .. .. .. 59,132 Protective works and relief channels .. .. 17,384 General reserve as at 31st March, 1946 .. .. 158,540 Martins Land Account .. .. .. .. 700 Less excess expenditure over income for 1945-46 .. 26,166 Limestone- quarry .. .. .. .. 128 132,374 Harbour buildings .. .. .. .. 1,085 Treasury Adjustment Account .. .. .. .. 248,867 Cape Foulwind Railway .. .. .. .. 8,251 Writing off Reserve Account .. .. .. .. 17 Dredge wharf .. .. .. .. .. 372 Contingency: Sale of unleased land* .. .. 650 Gridiron .. .. .. .. .. 1,054 Dredges, tug, plant, launch, and truck .. .. 2,703 Office furniture, fittings, and mechanical appliances .. 13 Total of fixed assets .. .. .. .. 479,021 Endowment lands— Leased .. .. .. .. .. 35,935 Unleased .. .. .. .. .. 23,197 59,132 Deferred expenditure: Harbour lights .. .. .. 942 Writing off Suspense Account .. .. .. .. 17 Suspense Account.. .. .. .. .. .. 10 Excess expenditure over income .. .. .. 49,819 £602,955 £602,955 * Awaiting legal 'decision as to whether proceeds of sale accrue to Lands Department or Marine Department. W. C. Smith, Secretary of Marine. J. Southward, Assistant Accountant. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

Approximate Cost of Paper.—Preparation, not given ; printing (583 copies), £172.

By Authority: E. Y. Paul, Government Printer, Wellington. —1948.

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