BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1948-49 AUDITED ACCOUNTS

Appendix to the Journals of the House of Representatives, 1950 Session I, B-01-part03

B—l [Pt. IV]

1950 NEW ZEALAND

BALANCE-SHEETS AND STATEMENTS OF ACCOUNTS OF VARIOUS GOVERNMENT DEPARTMENTS FOR THE YEAR 1948-49 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 Accounts of various Government Departments.

B—l [PT. IV]

CONTENTS PAGE Arawa District Trust Board .. .. .. .. .. .. .. 6 Earthquake and War Damage Fund (see Parliamentary Paper B-ll). Electric Supply Account (1950) .. .. .. .. .. .. ..11 Government Life Insurance Department (see Parliamentary Paper H-8). Hauraki Plains Settlement .. .. .. .. .. .. .. 16 Housing Account (see Parliamentary Paper B—13). Island Territories : " Maui Pomare " .. .. .. .. .. .. 19 Labour and Employment Department: Hostels .. .. .. .. 21 Land for Settlements Account .. .. .. ... .. .. 23 Main Highways Account (see Parliamentary Paper D-l). Maori Affairs DepartmentBuilding Construction Fund .. .. .. .. .. .. 28 District Maori Land Boards .. .. .. .. .. .. 30 Maori Housing Act, 1935 .. .. .. .. .. .. 36 Maori Land Development Schemes .. .. .. .. .. 38 Maori Purposes Fund Board .. .. .. .. .. .. .. 40 Maori Rehabilitation .. .. .. .. .. .. .. 42 Maori Trustee .. .. .. .. .. .. .. .. 44 Special Maori Housing Fund .. .. .. .. .. .. .. 47 Marine Department— Bluff - Stewart Island Ferry Service .. .. .. .. .. .. 49 Rock Oyster Industry Account .. .. .. .. .. .. 50 Westport Harbour Account .. .. .. .. .. .. .. 51 Marketing Department— Export Division (see Parliamentary Paper H-30). Internal Marketing Division (see Parliamentary Paper H-30). New Zealand Broadcasting Service (see Parliamentary Paper F-3). New Zealand Forest Service .. .. .. .. .. .. .. 54 Post and Telegraph Department .. .. .. .. .. .. 64 Printing and Stationery Department (see Parliamentary Paper H-36). Public Service Superannuation Board, 1946-47 (see Parliamentary Paper H-26). Public Trust Office (see Parliamentary Paper B-9a). Railway Department (see Parliamentary Paper D-2). Rangitaiki Land Drainage Scheme .. .. .. .. .. .. .. 69 Small Farms Scheme .. .. .. .. .. .. .. .. 72 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). Swamp Land Drainage Scheme .. .. .. .. .. .. 80 Taranaki Maori Trust Board .. .. .. .. .. .. .. 86 Tourist and Health Resorts .. .. .. .. .. .. .. .. 88 Tuwharetoa Trust Board .. .. .. .. .. .. .. 92

3

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], 1950, 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) Charges Not Subject to Specific Appropriation. —In pursuance of the general authority quoted in (i) above, certain charges such as administration, exchange .of properties, assessed rental values, interest on capital, and depreciation allowances, &c., are made between Government accounts through the Treasury Adjustment Account without cash payments or specific appropriation by Parliament. (v) Interest. —In the accounts an average rate, at present 3| per centum per annum, is charged for all accounts with the exception of Housing Account. (vi) Rentals.—Some Departments occupying private premises actually pay rentals. Others occupying Government buildings are assessed annually with rental based on the average rate or interest, the cost or valuation of the property, and the class of building. (vii) 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. (viii) Values. When the provision of accounts and balance-sheets on a commercial basis by all Departments was first instituted about 1922 it was necessary to bring numerous properties and assets into account by means of a fair valuation. New assets since then, or additions, are usually recorded at actual cost, with any depreciation provision shown either as a deduction or separately.

5

B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD General Statement of Receipts and Payments for the Year Ended 31st March, 1949 Payments £ £ Receipts £ £ Bonds and debentures: Mortgage No. 1 .. .. .. 2,134 Bank balance at 31st March, 1948 .. .. .. 305 Administration expenses .. .. .. .. .. 1,569 Reserve Bank of New Zealand (war bonds).. .. 1,100 Rotorua Borough Council: Ohinemutu sewerage .. .. 541 1,405 Loans granted— New Zealand statutory grant .. .. .. 6,000 ' Miscellaneous .. .. .. .. .. 1,328 Loans repayment— i Workers dwellings . . . . . . .. 188 Miscellaneous .. .. .. .. .. 856 1,516 Workers' dwellings .. .. . . .. 405 Grants— 1,261 j Maraes ... .. .. .. .. .. 2,068 Contributions and subsidies— ' Maintenance of meetinghouses . . .. . . .. 95 Maraes, meeting-houses, &c. .. .. .. 1,083 I Education .. .. .. .. .. .. 1,096 Maintenance of meetinghouses .. .. .. 49 I Special grants .. .. .. .. .. .. 2,108 Miscellaneous .. . . . . . . . . 141 j Deposits . . .. . . . . . . .. . . 321 1,273 Miscellaneous .. .. .. .. .. .. 335 Deposits .. .. .. . . . . . . .. 332 Interest (overpayment Maketu interest) .. .. . . 41 Miscellaneous .. . . . . . . . .. 570 ! Election of Board members . . . . .... 60 Refunds.. .. .. .. .. .. .. 194 Library .. .. .. .. .. .. .. 18 Arawa Maori Council .. .. . . . . .. 2 Office furniture .. .. . . .. . . . . 49 Interest .. .. .. .. .. .. .. 2,137 Bank balance at 31st March, 1949 .. .. .. 135 Election of Board members .. .. .. .. 12 War loans— Liberty .. .. .. .. .. 500 Victory .. . . . . .. . . 500 Ngati Pikiao bond .. .. .. . . 100 1,235 ! £13,186 £13,186

6

B—l [Pt. IV]

\ Income and Expendituee for the Yeae Ended 31st Maech, 1949 Part I Expenditure £ Income £_ Education grants •• MO2 Arawa District Trust Board 6,000 Marae grants .. .. . . •• •• •• 310 Maketu: Interest, 1948-49 .. . . . . •• Members' expenses .. • • • • • • • • 184 Interest received .. . • • ■ • • • • • • Office rent .. • • ■ • • • • • • • Arawa Maori Council . . .. . ■ • • • • £ Office expenses .. ■ • • • • • • • • • 305 Discounts .... .. • • • • • • Salaries . . • • • • • • • ■ • ■ 982 Election of Board members .. . . ■ • • • * Special grants !! !' ! 2,013 Fishing licences 2 Depreciation .. • • • ■ • • • • • • Rents control Ohinemutu sewerage . . ■ • • • • • • ■ 271 Interest .. .. • ■ • • • • • • • • 302 5,721 | Balance carried down .. .. •• •• •• 2,768 ; £8,489 ' . £8,489 Part II Expenditure £ I _ Income £ Loans Repayment Reserve .. •• 1,832 Balance carried down •• •• •• •• *• - Bad debts written off .. .. •• •• ■: 344 Recovery bad debts: Miscellaneous Loans .. .. .. 45 Balance as at 31st March, 1949 23,847 Maketu Farm : Profit for year 1,134 Balance as at 31st March, 1948 .. .. •• 2z,U7b £26,023 £26,023

7

B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD— continued Balance-sheet as at 31st March, 1949 Liabilities £ I Assets Maori Trustee : Mortgage No. 1 .. .. .. 7,850 Property investments— £ £ Sundry creditors : Distinguished visitors . . .. .. 96 j Maketu Farm Investment . . . . 38,486 Sundry accounts in credit: Maintenance of meetinghouses .. 119 j Harakekeroa A 2 .. .. .. .. 45 Amounts held in trust .. .. . . .. .. 101 Maketu A 10b .. .. .. .. .. 75 Miscellaneous: Audit fees .. .. .. .. .. 40 Maketu A 99a (Part) .. .. .. .. 115 Sundry villages .. . . . . . . .. .. 1,253 Maori arts and crafts assets .. .. . . 658 Sundry tribes .. .. ' .. ....17 Te Miringa 2a .. .. .. .. .. 256 Deposits .. .. .. . . . . . . 189 Prentice's house . . . . .. .. 244 Loans Repayment Reserve .. .. .. .. 21,191 Puketawhero Consolidation .. .. .. 73 Income and expenditure .. .. .. . . 23,847 Whakapoungakau 4k 1 .. . . .. .. 438 Taheke Consolidation purchase .. . . .. 337 Tautara 20a . . . . . . .. . . 110 Section 8, Block L 1, Town of Rotorua .. .. 130 40,967 Loans, including interest— Miscellaneous . . .. .. . . .. 3,667 Workers' dwellings .. .. .. .. 2,098 5,765 Sundry debtors : Villages and tribal .. .. .. 6,133 Equipment and plant .. . . .. .. .. 603 Bank of New Zealand, 31st March, 1949 . . .. 197 Less outstanding cheques . . .. .. 62 135 War loans investment .. .. .. .. .. 1,100 £54,703 £54,703 J. Z. N. Mitchell, Chairman. Rongo Winiata, 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. 4

8

B—l [Pt. IV]

MAKETU FARM Profit and Loss Account for the Period Ended 31st March, 1949 Dr. £ Or. £ Depreciation .. .. .. .. .. . • 747 Profit on dairy cattle .. .. .. . . • • 103 Interest .. .. .. .. .. •• 2,059 Profit on run cattle .. .. .. 95 Maintenance cost .. .. .. .. .. .. 4,497 Profit on pigs .. .. . . . • • • ■ • 422 Loss on garage .. .. .. .. .. •• 50 Profit on sheep .. .. .. .. •• •• Profit, to Appropriation .. .. .. .. .. 1,237 Profit: Interest on shares. . .. .. .. .. 4 Cream returns .. .. .. .. •• •• 6,031 Wool receipts .. .. . . . . • • • • 858 Sundry receipts .. .. . . . • • • • • 50 £8,590 £8,590 Appropriation Account £ £ Balance, Ist April, 1948 .. .. .. .. .. 3,825 Board Car Account: Realization . . . . .. .. 129 W. Morris Account: Written off .. .. .. .. 60 Profit from Profit and Loss Account .. .. .. 1,237 R. Tapsell Arbitration Account .. .. .. .. 172 Balance, 31st March, 1949.. .. .. .• •• 2,691 £4,057 £4,057

9

B—l [Pt. IV]

ARAWA DISTRICT TRUST BOARD— continued MAKETU FARM— continued Balance-sheet as at 31st March, 1949 Liabilities £ Assets ' £ Control Account .. .. .. .. .. .. 41,176 Land-development .. .. .. .. .. 21,000 Sundry creditors .. .. .. .. .. .. 301 £ Buildings .. .. .. .. .. 3,225 Less depreciation .. .. .. .. 161 3,064 Implements and equipment.. .. . . .. 1,294 Additions to plant .. .. .. .. 1,373 2,667 Less depreciation .. .. .. .. 317 2,350 New shed and replacement . . .. .. 1,292 Additions to sheds .. . . .. .. 54 ! 1,346 Depreciation by revaluation .. .. .. 269 1,077 Dairy company shares .. . . .. .. .. 77 Tauranga Power Board deposit . . .. .. .. 21 Sundry debtors .. .. . . .. . . .. 352 Water-supply .. .. .. .. .. . ■ 133 Appropriation Account .. .. .. .. .. 2,691 Cash at bank, 31st March, 1949 .. .. .. .. 2,719 Stock on hand .. .. .. .. . . 7,993 £41,477 £41,477 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 [FT. IV]

ELECTRIC SUPPLY ACCOUNT-STATEMENT OF ACCOUNTS AT 31st MARCH, 1950 Profit and Loss Account for the Year Ended 31st March, 1950, Compared With Year Ended 31st March, 1949 Gross Revenue Account

11

Dr. 1949-50. 1948-49. Cr. 1949-50. 1948-49. Generating-expenses— £ £ £ Sales of electrical energy— £ £ £ £ Hydro-electric— Bulk for resale .. .. .. 3,515,381 .. 3,222,900 Arapuni .. .. .. .. 52,321 44,615 Other than for resale — Karapiro .. .. .. .. 21,836 17,483 Traction .. .. 51,033 64,783 Waikaremoana (Tuai) .. .. 44,490 41,373 Industrial .. .. 141,863 161,832 Waikaremoana (Piripaua) .. .. 8,884 10,243 Retail.. .. .. 188,322 169,138 Waikaremoana (Kaitawa) .. .. 9,887 7,149 381,218 Mangahao .. .. .. .. 23,619 18,754 3,896,599 3,608,653 Cobb River .. .. .. .. 23,908 21,092 Lake Coleridge .. .. .. 26,389 22,600 Rents — Waitaki .. .. .. .. 21,682 15,956 Land and buildings .. .. 30,290 29,746 Arnold .. .. .. .. 8,640 3,305 Lines and plant .. .. .. 680 1,089 Highbank .. .. .. .. 22,217 17,570 30,970 Monowai .. .. .. .. 14,790 12,196 30,835 278,663 232, 336 Miscellaneous revenue .. .. .. 23,989 21,917 . Fuel — King's Wharf .. .. .. 223,297 173,250 Penrose .. .. .. .. 3,364 11,968 Stoke .. .. .. 5,565 1,214 Dobson .. .. .. .. 13,168 13,631 245,394 200,063 Purchase of power in bulk .. .. .. 334,431 460,215 Standby charges .. .. .. .. 39,084 38,725 897,572 931,339 Transmission system : Patrol and maintenance .. 121, 951 95,124 Substations: Operation and maintenance .. .. 173,969 149,395 Communications system: Patrol and .. 21,306 24,338 maintenance Distribution system: Maintenance.. .. .. 54,683 48,282 System operation, testing, &c. .. .. .. 82,643 66,615 Administration costs and expenses .. .. .. 473,553 394,281 1,825,677 1,709,374 Balance, to Net Revenue and Appropriation .. 2,125,881 " 1,952,031 Account ) £3,951,558 j £3,661,405 | | i £3,951,558 | £3,661,405

B—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT—STATEMENT OF ACCOUNTS AT 31st MARCH, 1950—continued Net Revenue and Appropriation Account

Depreciation Reserve Account

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Dr. 1949-50. 1948-49. Cr. 1949-50. 1948-49. Interest — On capital liability at 3 J per cent, per annum Less interest capitalized On Depreciation Reserve at 4 per cent, per annum Depreciation at 1 per cent, per annum on completed works Taxation Reserve Loan Redemption Fund : I per cent, of operating capital plus 4 per cent, of previous redemptions Balance to General Reserve £ 1,412,560 441,668 £ 1,149,566 311,758 221,642 309,382 133,533 £ 1,221,381 283,316 Balance from Gross Revenue Account £ 2,125,881 £ 1,952,031 970,892 178,674938,065 163,783 1,101,848 306,402 176,232 356,401 11,148 £2,125,881 £1,952,031 £2,125,881 £1,952,031

Dr. 1949-50. 1948-49. Cr. 1949-50. 1948-49. Replacements, renewals, cfcc. Balance at end of year £ 80,757 4,876,523 £ 97,922 4,466, 848 Balance Interest at 4 per cent, per annum Net Revenue and Appropriation Account: Depreciation at 1 per cent, per annum on completed works £ 4,466,848 178,674 311,758 £ 4,094,585 J63, 783 306,402 £4,957,280 £4,564,770 £4,957,280 £4,564,770

B—l [Pt. TV]

Loan Redemption Fund Account

Taxation Reserve Account

General Reserve Account

13

Dr. 1949-50. 1948-49. Cr. || : | 1949-50. 1948-49. Balance at end of year £ 4,206,209 £ 3,896,827 Balance .. .. . . . . .. Net Revenue and Appropriation Account; Amount set aside for further redemptions £ 3,896,827 309,382 £ 3.540,426 356 , 401 £4,206,209 £3,896,827 £4,206,209 £3,896,827

Ill . 1 Dr. j 1949-50. | 1948-49. j Or. j 1949-50. | 1948-49. & £ £ £ Taxation paid on previous year's profits .. .. 176,153 .. Balance .. .. .. .. .. 176,231 Balance at end of year .. .. .. .. 221,720 176,231 Net Revenue and Appropriation Account: Amount set aside 221,642 176,231 to provide, a reserve for income-tax and social security charge on the year's profits i £.'597,873 £176,231 j 397,873 j £176,231

Dr. 1949-50. 1948-49. Cr. 1 1949-50. 1948-49. Balance at end of year ., £ 144,681 £ 11,148 Balance .. .. .. .. Net Revenue and Appropriation Account £ 11,148 133,533 £ 11,148 £144,681 £11,148 1 £144,681 £11,148

B—l [PT. IV]

ELECTRIC SUPPLY ACCOUNT—STATEMENT OF ACCOUNTS AT 31st MARCH, 1950—continued General Balance-sheet at 31st March, 1950, Compared With Position at 31st March, 1949

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nubilities. 31/3/50. 31/3/49. | Assets 1 31/3/50. | 31/3/49. Capital liability : National Development Loans Account at 3£ per cent, interest £ £ 43,974,085 £ 38,080,487 Operating capital — Hydro-electric plants Arapuni Karapiro Lake Taupo Control Waikaremoana (Tuai) Waikaremoana (Piripaua) Waikaremoana (Kaitawa) Mangahao Cobb River Lake Coleridge .. Waitaki Arnold Highbank Lake Pukaki Control Monowai | £ 3,077,063 4,107,822 195,045 994,302 1,062,166 1,825,498 1,373,484 659,506 936,288 2,179,513 147,675 617,945 480,245 208,004 £ £ 3,069,442 4,086,135 195,091 980,489 1,057,969 1,778,368 1,373,011 640,470 949,703 2,177,884 147,663 513,768 480,245 207,698 Current and accrued liabilities — Sundry creditors Sundry credit balances 967,391 5,274 972,665 910,665 4,047 914,712 Reserves — Depreciation Reserve Loan Redemption Fund — Used for redemption of loans Available for further redemption 3,896,827 309,382 4,876,523 4,206,209 221,720 144,681 4,466,848 3,896,827 176,231 11,148 Taxation Reserve General Reserve 17,864,556 17,657,936 342,586 66,522 24,465 169,851 9,449,133 8,551,054 1 Fuel Plants — King's Wharf Penrose Stoke Dobson 356,868 66,438 39,508 172,673 635,487 603,424 Transmission system Substations Communication system Distribution system Offices, stores, land, and buildings Cost of raising loans Interest during construction on assets in operation 5,020,320 4,694,141 530,582 1,210,859 344,726 '875,154 2,377,211 4,949,306 4,592,603 460,773 1,173,966 326,294 875,909 2,365,616 I Works und'er construction — Hydro-electric plants— Maraetai .. .. .. Whakamara .. .. Cobb River Lake Tekapo Lake Pukaki Control Roxburgh Transmission lines Substations Other works .. .. .. 6,191,233 263,434 852,384 2,165,521 1,182,922 735,230 1,983,050 2,446,646 145,480 33,553,036 15,965,900 33,005,827 10, 726, 30 4

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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, j ij Interest capitalized on works under con- : j | struction .. .. .. .. .. | 976,786 546,777 ) 1 Surveys and investigations of other schemes .. 387,933 209,112 ■ ' l| 50,883,655 44,488,020 j Current and accrued assets — 1 Plant, motor-vehicles, and tools .. 618,629 564,969 | Stocks of materials .. .. .. 1,320,164 1,276,470 ! Sundry debtors .. .. .. 1,009,350 971,711 1 Cash in Public Account .. .. 527,427 184,743 ■ | Imprests outstanding .. .. .. 36,658 | 60,340 | 3,512,228 3,058,233 |£54,395,883 £47,546,253 j j£54, 395, 883 £47,546,253

* B—l [PT. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT Receipts and Payments Account for the Year Ended 31st March, 1949 Receipts Payments Ordinary Revenue Account— £ Ordinary Revenue Account: Vote" Lands and Survey"— £ Departmental receipts : Rents, &c. .. .. .. 4,538 Drainage works : Stopbanks, clearing channels, and other exHauraki Plains Act, 1926— penditure incidental to conducting drainage operations (inRates .. .. .. .. .. .. 3,319 eluding formation and metalling of roads), materials supplied, Miscellaneous .. .. .. .. .. 4,176 &c. .. .. .. .. .. .. .. 9,879 Public Works Account: Finance Act, 1932, section 7 (4) .. 6,250 Maintenance of completed works .. .. .. .. 3,979 Transfer to Treasury Adjustment Account .. .. .. 4,004 Kaihere Ferry— £ Pontoon renewal . . . . . . . . 1,627 Expenses ~ .. .. .. .. 552 2,179 Transfer to Public Works Account .. .. .. .. 6,250 £22,287 £22,287 Revenue Account for the Year Ended 31st March, 1949 Dr. £ | Cr. £ Interest on capital .. .. .. .. .. .. 4,978 Accrued rents .. .. .. .. .. .. 3,472 Administration expenses and rebates .. .. .. .. 599 Accrued interest on sales of land, &c. . . .. .. .. 1,767 Rates written off .. .. .. .. .. .. 20 Loss for year carried down .. .. .. .. .. 2,991 Loss of interest: Claim abandoned .. .. .. .. 2,217 Kaihere Ferry (net cost of operating) .. .. .. 416 £8,230 £8,230 £ | £ Net loss brought down .. .. .. .. .. 2,991 j Balance carried forward: Loss to 31st March, 1949 .. .. 386,779 Balance from previous year .. .. .. .. 383,788 j £386,779 | £386,779 _ j __ 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, 1949.

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B—l [Ft. IV]

Rate Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ £ Balance as at Ist April, 1948 .. .. .. .. 346 Rates levied for 1948-49 .. .. .. .. 3,367 Maintenance of completed works .. .. .. .. 4,109 Penalty on 1948-49 rates .. .. .. .. 31 Remissions .. .. .. .. .. .. 21 3,398 Balance at 31st March, 1949 .. .. .. .. 585 Remissions transferred to Revenue Account .. .. .. 20 Subsidy on maintenance costs .. .. .. 1,643 £5,061 £5,061 Treasury Adjustment Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Capital Account .. .. .. .. .. .. 5,998 Balance at Ist April, 1948 .. .. .. .. 389,082 Transferred to— Interest on loan capital .. .. .. .. .. 4,978 Swamp Land Drainage .. .. .. . . .. 83 Lands and Survey Department Account: Administration exRangitaiki Land Drainage .. .. .. .. 8 penses .. .. . . .. .. .. 226 Balance, 31st March, 1949.. .. .. .. .. 392,809 Receipts and Payments Account .. .. .. .. 4,004 Transfer to Swamp Land Drainage .. .. .. .. 608 £398,898 ! £398,898 ======= i ■

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B—l [Pt. IV]

HAURAKI PLAINS SETTLEMENT ACCOUNT— continued Balance-sheet as at 31st March, 1949 Liabilities Assets Capital Accounts— £ £ £ Improved lands handed over to Land Board for Loan capital .. .. .. 800,371 settlement— £ £ Less redemption .. .. .. 692,429 Leased .. .. .. .. .. 67,903 107,942 Unleased .. .. .. .. .. 895 Capital provided from Ordinary Revenue Account .. 32,533 Unpaid purchase-money for land sold on deferred Value of Crown land set apart under Act .. .. 45,000 payment .. .. .. .. .. 31,189 185,475 99,987 Capital subsidies— Unimproved value of lands .. .. .. .. 14,348 Employment Promotion Fund .. .. 10,084 Works in progress : Expenditure on land in course of Consolidated Fund .. .. .. .. 6,112 reclamation, including formation, metalling of 16,196 roads .. .. .. .. .. 724,520 Payments in advance .. .. .. .. .. 605 Less amount written off .. .. .. 665,000 Rate Account .. . . .. . . .. 585 59,520 Writings-off in Suspense .. .. .. .. 2,251 Capital expenditure— Treasury Adjustment Account .. .. .. .. 392,809 Employment Promotion Fund .. .. .. 10,084 Consolidated Fund .. .. .. .. 6,112 16,196 Artesian wells : Crown lands .. . . . . . . 217 Buildings .. .. .. .. .. .. 1,511 Wharves . . . . . . .. .. .. 5 Machinery, plant, and tools .. .. .. .. 8,408 Stores . . .. .. .. .. .. .. 6,523 DebtorsRates . . .. .. .. . . 241 Rents, &c. . . .. . . .. .. 64 Miscellaneous .. .. .. .. 1,871 2,176 Losses in Suspense .. .. .. .. .. 2,251 Revenue Account . ... .. ... .. .. 386,779 I £597,921 I £597,921 D. M. Greig, Director-General of Lands. V. 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]

DEPARTMENT OF ISLAND TERRITORIES N.Z.G.M.V. " MAUI POMARE " Revenue Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Salaries, wages, and overtime .. .. .. .. 22,487 Freights, passage money, and miscellaneous receipts .. .. 50,541 Purchases for bar .. .. .. .. .. .. 679 Balance carried down .. .. .. .. .. 48,980 Audit fees .. .. .. .. .. .. 22 Labour at island ports .. .. .. .. .. 5,542 Victualling .. .. .. .. .. .. 4,720 Cabin stores . . .. .. .. .. .. 1,322 Deck stores .. .. .. .. .. .. 731 Engine-room stores .. . . .. .. .. 1,130 Fuel oil .. .. .. .. .. .. .. 8,317 Lubricating-oil .. .. .. .. .. .. 730 Painting .. .. .. .. .. .. .. 253 Repairs .. .. .. .. .. .. .. 31,082 Docking .. .. .. .. .. .. .. 182 Laundry .. .. .. .. ' .. . . 334 Medical expenses and insurance .. .. .. .. 1,350 Stevedoring and tallying .. .. . . .. . . 8,997 Harbour Board charges .. .. .. .. .. 1,560 Agency commission .. .. .. . . . . 400 Water .............. 138 Printing and stationery .. .. . . .. .. 206 Transhipping charges and freights .. .. . . . . 294 Miscellaneous .. .. .. .. .. .. 996 Depreciation .. .. .. .. .. .. 4,295 Head Office overhead expenses .. .. .. . . 1,466 Insurance .. .. .. .. .. .. 1,285 Refunds of fares .. .. .. .. .. .. 1,003 £99,521 £99,521 £ £ Balance brought down .. .. .. .. .. 48,980 Working loss for year .. .. .. .. .. 50,694 Interest on capital .. .. .. .. .. 1,714 £50,694 £50,694

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B—l [Ft. IV]

DEPARTMENT OF ISLAND TERRITORIES— continued. N.Z.G.M.V. " MAUI POMARE continued Balance-sheet as at 31st March, 1949 Liabilities £ Assets £ Capital .. .. .. .. .. .. .. 38,539 Stores on hand .. .. .. .. .. .. 6,245 Creditors— £ Sundry debtors . . .. .. .. .. 25,260 Sundry .. .. . . . . . . 14,980 M.v. " Maui Pomare," less depreciation .. .. .. 38,539 Departmental .. .. . . . . .. 21,126 Net working loss for the year . . . . .. . . 50,694 36,106 Insurance Reserve .. .. .. .. .. 17,220 Treasury Adjustment Account .. .. .. .. 28,873 j £120,738 | £120,738 A. Kuch, Accountant, Department of Island Territories. I hereby certify that the Revenue Account and Balance-sheet have been duly examined and compared with the 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 AuditorGeneral.

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B—l [Ft. IV]

DEPARTMENT OF LABOUR AND EMPLOYMENT Consolidated Income and Expenditure Accounts for All Camps and Hostels for the Year Ended 31st March, 1949

21

— Total. Home Aid. Immigration. Miners'. Public Service. Y.W.C.A. Workers'. Expenditure £ £ £ £ £ £ £ Bad debts written off 27 27 Boiler charges 1,512 1,512 Catering charges 65,168 1,593 63,575 Coke .. 1,002 1,002 Consumable stores 10,723 10,723 Depreciation on buildings 8,714 116 2^318 2^076 2,433 1,771 Depreciation on furniture 15,039 361 5,639 1,351 2,209 2,709 2,770 Electricity 4,162 99 1,006 432 429 2,196 Establishment costs 10,725 6,185 65 79 4,396 Freight and cartage 176 176 Fuel .. .. .. 4,977 42 1,515 562 1,463 1^395 Gas 872 23 610 239 Heating and lighting 1,791 1 j 791 Hire and Army loan equipment 507 507 Laundry and cleaning 2,925 25 901 264 806 929 Loss on realization 33 33 Miscellaneous expenses 1,824 23 554 472 86 362 327 Miscellaneous stores 1,624 43 526 196 224 635 Rates and rent 1,945 495 30 71 ' 98 1,251 Rations 28,285 534 12,354 4^724 6,729 3,944 Repairs and maintenance 11,020 206 1,627 73 2,284 985 5,845 Rubbish-removal 435 46 13 57 26 293 Salaries 21,163 503 4,278 1,368 3,014 3,004 8,996 Stores losses and breakages 1,130 45 247 56 335 427 20 Stores renewals 739 2 29 22 141 217 328 Wages .. .. .. .. 28,177 223 11,070 3,869 5,083 7,932 Water charges 2,124 258 175 132 251 1,308 Y.W.C.A. fee .. 531 531 Excess of income over expenditure 210 210 227,560 2,740 48,975 16,136 25,457 32,445 101,807 Income £ £ £ £ £ £ £ Board receipts 169,492 1,035 23,097 9,612 16,340 28,417 90,991 Retaining fees 435 435 Other accommodation receipts 354 3 103 *58 ' 22 ' 21 147 Excess of expenditure over income .. 57,279 1,702 25,775 6,466 9,095 4,007 10,234 227,560 2,740 48,975 16,136 • 25,457 32,445 101,807

B—l [Pt. IV]

DEPARTMENT OF LABOUR AND EMPLOYMENT— continued Consolidated Balance-sheet for All Camps and Hostels as at 31st March, 1949

H. L. Bockett, A.R.A.N.Z., Director of Employment. J. H. McFadden, A.R.A.N.Z., Accountant, Department of Labour and Employment. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents and correctly state the position as disclosed thereby, subject to the following comment: Head Office figures in respect of the hostels at Christchurch and Dunedin have been accepted pending examination of the records in those centres.—J. P. Rutherford, Controller and Auditor-General.

22

— Total. Home Aid. Immigration. Miners'. Public Service. Y.W.C.A. Workers'. Under Construction. Assets Buildings . . Land Furniture, fittings, and equipment Assets on loan Bank Cash Consumable stores Board in arrears Sundry debtors Establishment costs Accumulated losses £ 404,222 6,868 132,082 430 1,664 360 5,672 1,336 1,262 88,178 114,150 £ 3,881 1,000 2,884 51 10 3,564 47 j 530 2,415 892 117 55,665 29,453 £ 116,689 ! 1,465 17,166 "962 51 639 6,465 £ 72,148 17 j 665 827 342 627 20,512 £ 71,233 2,170 ! 19,295 1 j 664 360 592 752 24,120 £ 59,012 21,725 430 "758 383 30,765 30,036 £ 81,259 2,233 5,817 118 ' 482 756,224 11,390 136,072 143,437 112,121 120,186 143,109 89,909 Liabilities Advances from Treasury Depreciation Reserve — Buildings Furniture Repairs and Maintenance Reserve Army Loan Account Residents' Deposit Account Sundry creditors Cafeteria rent paid in advance Board in advance Accumulated profits £ 655,978 26,663 32,414 8,489 2,420 429 28,886 1 271 673 £ 10,114 276 787 213 - £ 111,814 6 j 329 15,509 £ 135,628 2,319 1,351 4,074 65 £ 98,436 6,202 5,827 i * 641 15 £ 91,129 12,569 12,416 2,784 i * 288 £ 119,181 5,236 5,637 5,705 429 6,056 1 191 673 £ 89,676 61 67 105 756,224 11,390 136,072 143,437 112,121 120,186 143,109 89,909

B—l [Ft. IV]

LAND FOR SETTLEMENTS ACCOUNT Revenue Account for the Year Ended 31st March, 1949 Dr. Gr. £ Expenses of a general nature— Revenue of a general nature : Interest on Public Account cash Interest on capital— £ balance investments .. . . . . .. . . 83 Loans .. .. .. .. .. .. 189,116 Revenue derived from estates— Value of Crown land in estates .. .. .. 8,478 Rents .. .. .. .. .. 363,088 Accumulated funds of Cheviot Estate .. .. .. 18,595 Interest on sales— Interest payable under section 208, Land Act, 1924 .. 747 Land .. .. .. .. .. .. 17,425 Audit fees .. .. .. .. .. .. 250 Buildings .. .. .. .. .. .. 2,548 Expenses referring to estates— Miscellaneous interest, &c. .. . . .. .. 69 Capital losses on revaluation, reallotment, &c. .. .. 38,979 Royalties .. .. .. .. .. .. 828 Administration expenses .. .. .. .. 8,657 Land-development revenue— Rebates .. .. .. .. .. 31,601 Rents .. .. .. .. .. .. 3,294 Remission of rents, &c. .. .. .. .. 4,365 Interest on sales, &c. .. .. .. .. .. 907 Rents, &c., written off .. .. .. .. 174 Interest on advances .. .. .. .. .. 6,791 Protection of securities : Repairs, &c. .. .. .. 439 Miscellaneous . . .. . . . . . . .. 2 Expenses chargeable to land-development revenue— Revenue derived under the Deteriorated Land Act, 1925 : Interest Administration expenses .. .. .. .. 250 on advances . . . . .. .. . . .. 102 Rebates .. .. .. .. .. . . 752 Remission of rent, &c. .. .. .. .. . . 351 Miscellaneous .. .. . . .. .. .. 1 Expenses chargeable on revenue derived under the Deteriorated Land Act, 1925— Administration expenses . . .. . . . . 3 Rebates . . .. .. .. .. .. 6 Balance : Surplus for year carried down .. .. .. 92,373 £395,137 £395,137 £ £ Balance brought forward .. .. .. .. .. 163,498 Surplus for year ended 31st March, 1949, brought down .. 92,373 Interest on capital moneys received from sale of Crown lands Balance carried forward : Deficiency to 31st March, 1949 .. 163,498 (section 13, Land Laws Amendment Act, 1926) . . . . 92,373 £255,871 £255,871 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, 1949.

23

B—l [Pt. IV]

LAND FOR SETTLEMENTS ACCOUNT— continued Balance-sheet as at 31st March, 1949 Liabilities I Assets General General £ Capital— £ £ Cash .. .. .. .. .. .. .. 653,291 Gross loan capital at 31st March, 1949 .. 19,398,109 Losses in Suspense .. .. .. .. .. 248 Less capital loan to— £ Revenue Account: Loss to 31st March, 1949 .. .. 163,498 Department of Maori Affairs 2,746,774 Small Farms Account .. 11,491,568 Estates 14,238,342 Land— £ Leased .. .. .. .. 8,618,744 Net loan capital, Land for Settlements Unleased .. .. .. .. 50,189 Account .. .. .. .. 5,159,767 8,668,933 Crown lands included in estates .. .. 211,940 Povisional State forest .. .. .. .. 3,158 Accumulated funds : Cheviot Estate .. 464,911 Buildings and improvements unsold .. .. 4,137 Sales of Crown land under section 20, Land Advances on mortgage: Section 35, Finance Act, 1940 .. 124 Act, 1924 .. .. .. .. 3,746,559 Sales debtors— Capital transferred from Discharged Soldiers Buildings, &c. .. .. .. .. 57,727 Settlement Account .. .. .. 12,980 Land .. .. .. .. .. 310,858 9,596,157 .. 368,585 Deposits by lessees : Section 208, Land Act, 1924 .. .. 36,293 Plant and machinery .. .. .. 3,835 Funds held under section 14 (1), Land Subdivision in Counties Less depreciation .. .. .. 3,451 Act, 1946 .. .. .. .. .. .. 15,797 384 Consolidated Fund: For interest due— Loading on Otago University endowment leases: Capital .. 823 On loan capital .. .. .. 351,318 Debtors for— On capital moneys received from sale of Crown Rents, royalties, instalments, &c. .. .. 20,601 lands (section 13, Land Laws Amendment Act, Postponed charges .. .. .. .. 3,162 1926) .. .. .. .. 92,373 Departmental and miscellaneous .. .. 1,685 443,691 25,448 Creditors : Departmental and miscellaneous .. .. 2 Realization Account .. .. .. .. .. 326 Writings -off in Suspense .. .. .. .. 248 Hutt Valley Land Settlement Account (see subsidiary accounts Land-development attached) .. .. .. .. .. .. 3,363 Land— Leased .. .. .. .. .. 74,115 Unleased .. .. .. .. .. 9,707 Estates 83,822 Payments in advance : Rents and instalments .. .. 7,870 Sales debtors— Sundry suspense accounts .. .. .. .. 364 Buildings, &c. .. .. .. .. 1,820 Creditors: Departmental and miscellaneous .. .. 71 Land .. .. .. .. .. 12,875 14,695

24

B—l [Ft. IV]

Land-development I Mortgage outstandings (not yet payable)— Land set aside : Section 8, Land Laws | Current Account .. .. .. 36,060 Amendment Act, 1929— j Instalment mortgage .. .. .. 97,063 Areas under development : Crown lands.. .. 27,734 133,123 Settled areas— Crown and settlement lands under development .. .. 23,250 Crown lands .. .. .. .. 41,171 Expenditure on development of Crown and settlement lands— Primary education endowment lands .. 178 Improvements .. .. .. .. 9,519 69,083 Chattels .. .. .. .. .. 2,288 Payments in advance: Rents and instalments .. .. 1,049 Seasonal and live-stock .. .. .. 17,340 Capital accounts in credit— 29,147 Current Account mortgages .. .. .. 4,593 Debtors for rents, instalments, water levies, &c. .. .. 3,149 Realization Account .. .. .. .. 23 Realization Account .. .. .. .. .. 1,610 4,616 Subsidies in respect of blocks disposed of .. .. 386 Creditors: Departmental and miscellaneous .. .. 284 Unrecouped interest on development expenditure .. .. 5,521 Free capital from Consolidated Fund .. .. .. 1,670 Improvements Unsold Account: Blocks .. .. .. 987 Accrued interest on capital expenditure .. .. .. 5,521 Free capital on blocks disposed of .. .. .. 386 Deteriorated Lands Act, 1925 Mortgage outstandings— Current Account . . .. . . . . 200 Instalment mortgage .. .. .. 1.617 1,817 j Debtors for interest and principal instalments . . . . 3 £10,186,465 I £10,186,465 D. M. Greig, Director- General of 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 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.

25

B—l [Ft. 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, 1949 Dr. £ Or. £ Administration expenses .. .. .. .. 61 Interest on sales .. .. .. .. .. .. 2,147 Rebates . . . . . . ■ • • • • • • • 18 Rent . . .. . . .. . . . . .. 141 Balance (profit for year), transferred to Profit and Loss Appropriation Account .. .. . . .. 2,209 £2,288 £2,288 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, 1949. Profit and Loss Appropriation Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Balance carried forward : Profit earned to 31st March, 1949 .. 235,800 Balance brought forward .. .. .. .. .. 233,591 Profit for year transferred . . .. .. .. 2,209 £235,800 £235,800

26

B—l [Ft. IV]

Balance-sheet as at 31st March, 1949 Liabilities j Assets £ Moneys provided by Land for Settlements Account for— £ £ I Land on hand .. . . . . . . . . . . 1,180 Purchase of land . . .. . . . . 164,982 i Sales debtors (not yet payable) . . . . . . . . 36,838 Street-formation . . . . . . . . 206, 888 1 Sundry debtors— Incidental expenses .. .. .. .. 21,858 , Instalment— £ i Principal .. .. .. .. .. 1,703 393,728 I Interest .. .. .. .. .. 617 Interest on capital provided .. .. .. 81,666 I Rents .. .. .. .. .. 8 j 2,328 475,394 | 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 j Department .. . . . . .. . . 165,719 Finance Act, 1932 .. .. .. .. 475,394 j Balance unpaid on area taken for workshops .. 26,389 192,108 Balance due . . . . .. . . . . . • • • Land for Settlements Account: Fund in hand available for Instalment paid in advance .. .. .. .. 17 disposal under section 11 of Finance Act, 1932 .. .. 3,363 Profit and Loss Appropriation Account .. .. .. 235, 800 £235,817 £235,817 D. M. Greig, Director-General of Lands. V. J. H. Pledger, A.R.A.N.Z., Chief Accountant.

27

B—l [Ft. IV]

DEPARTMENT OF MAORI AFFAIRS BUILDING CONSTRUCTION" FUND (LAND FOR SETTLEMENTS ACCOUNT) Revenue Account for the Year Ended 31st March, 1949 Dr. £ I Cr. £ Interest on loan capital .. .. .. .. .. 5,526 Charges against jobs for administration, &c. . . .. .. 11,105 Plant and equipment—• £ Insurance rebates .. .. . . . . . . . . 13 Depreciation .. .. .. .. .. 1,670 I Holiday Pay Suspense : Surplus .. .. .. .. 830 Losses written off . . . . . . .. 107 Miscellaneous income . . . . . . . . . . 328 Repairs and maintenance . . . . . . 102 J Profits— £ 1,879 ; Timber-yards .. .. .. .. .. 2,214 Builders' maintenance . . . . . . .. .. 680 J Factory works .. . . .. . . . . 103 Losses— 2,317 Stores.. .. .. .. .. .. 7,143 Net loss transferred to Accumulated Revenue Account.. .. 647 Motor-vehicles . . . . . . . . . . 12 7,155 £15,240 £15,240 Accumulated Revenue Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Balance at Ist April, 1948 . . .. .. . . .. 2,005 Adjustment of liability to Consolidated Fund for interest on loan Net loss for year .. .. . . . . . . . . 647 capital .. .. . . .. .. .. 3,099 Balance at 31st March, 1949 . . . . . . .. 551 Other adjustments .. .. .. . . . . 104 £3,203 £3,203

28

B—l [Ft. TV]

Balance-sheet as at 31st March, 1949 Liabilities £ Assets £ Land for Settlements Account: loan capital .. .. 181,737 Stores and store sheds .. .. .. .. .. 109,362 Liability to Consolidated Fund for interest on capital .. . . 2,427 Timber-yards .. .. .. .. .. .. 16,157 Grants from Consolidated Fund .. .. .. .. 2,773 Factory works . . . . .. . . .. .. 13,839 Sundry creditors .. .. .. .. .. 7,607 Motor-vehicles .. .. .. .. .. .. 8,423 Accumulated Revenue Account— £ £ £ Balance at Ist April, 1948 .. .. 2,005 Plant and equipment .. .. .. .. 13,260 Add loss for year .. .. .. 647 Less Depreciation Reserve .. .. .. 2,758 2,652 Dr. 10,502 Less credit adjustments .. .. .. 3,203 Unrecouped expenditure on buildings under construction, repair, 551 and alteration .. .. .. . . . . .. 34,481 Writings-off in Suspense .. .. .. .. .. 1,788 Sundry debtors .. .. .. .. .. .. 2,331 Losses in Suspense .. .. .. .. .. 1, 788 £196,883 £196,883 Note.—(a) Administration expenses are paid from Consolidated Fund, vote " Maori Affairs," and are not debited to the Revenue Account herein. A charge of 2£ per cent, is levied against completed jobs and refers partly to administration costs. (6) The above Revenue Account includes profits and losses relating to the operation of stores and store sheds, timber-yards, factory works, and motor-vehicles. Sub-accounts are produced in connection with such operations, and the items appearing in the above Balance-sheet represent the excess of assets over liabilities in the sub-accounts. Depreciation on the assets of each of these activities has been written off as a charge against the Profit and Loss Accounts of each activity. The item " Plant and equipment " covers assets which cannot conveniently be grouped under the other four headings. T. T. Ropiha, 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.

29

B—l [PT. IV]

DEPARTMENT OF MAORI AFFAIRS DISTRICT MAORI LAND BOARDS Combined and Separate Receipts and Payments Accounts for the Year Ended 31st March, 1949

30

— Totals. Tokeran. Waikato- 1 Maniapoto. J Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Receipts Cash balance at 1st April, 1948 : In hand and in bank Withdrawals from amounts on deposit with Maori Trustee £ 29,331 53,100 £ £ 8,090 £ 3,957 ! £ 4,749 9,000 £ 5,606 7,000 £ 1 4,273 12,000 £ 1,969 19,000 £ 687 6,100 82,431 8,090 3,957 13,749 12,606 16,273 20,969 6,787 Rents and royalties Purchase-moneys and compensation Other receipts for beneficiaries 205,259 84,297 39,615 4,335 12,063 2,405 12,703 19,712 2,628 . 51,351 12,361 2,324 36,825 2,422 10,123 71,354 11,108 20,521 18,320 24,035 1,219 10,371 2,596 395 329,171 18,803 35,043 66,036 49,370 102,983 43,574 13,362 Interest on — Mortgages and other investments New Zealand Government securities Commissions (not including transfers from blocks) 7,161 7,674 4,190 770 114 362 611 304 2,501 1,111 918 2,772 1,856 1,200 138 1,940 376 1,183 1,079 983 205 307 295 19,025 884 1,277 4,530 5,828 2,454 3,245 807 Repayments : Mortgages and other investments Farming receipts Miscellaneous receipts (including sundry deposits for repayments, refunds, and recoveries) Receipts on behalf of the Maori Trustee Special Housing Fund receipts 93,070 73,239 127,648 214,201 46,076 18,415 22,913 14,570 4,648 2,263 21,761 22,746 9,328 11,229 11,238 40,467 11,807 8,463 ! 36,720 42,514 26,740 77,821 3,998 13,888 17,224 7,354 82,884 3,080 7,759 7,062 18,943 3,972 411 i, 351 2,665 ■ 554,234 55,898 60,746 83,204 187,793 124,430 37,736 4,427 Totals 984,861 83,675 101,023 167,519 255,597 246,140 105,524 25,383 Net receipts (excluding opening balances and withdrawals from Maori Trustee) 1 •' 902,430 75,585 | 97,066 153,770 242,991 | 229,867 84,555 18,596

B—l [Pt. IV]

31

Payments Payments to beneficiaries £ 220,007 £ £ 9,514 £ 23,106 £ 39,001 £ 51,708 £ 62,516 £ 25,532 £ 8,630 Miscellaneous payments on behalf of bene172,542 24,031 30,650 46,178 28,609 26,370 14,175 2,529 ficiaries and Boards (including payments on deposits, refunds, &c.) 1,024 530 Administration expenses 13,270 436 1,677 2,885 1,729 4,989 Investments — 7,599 5,048 Mortgages and other investments 79,794 15,514 2,689 17,790 31,154 34 Purchase of land, buildings, furniture, &c. 5,702 1,421 3,332 239 519 157 Farming payment 46,545 9,866 21,777 14,902 18,380 Payments on behalf of Maori Trustee 208,431 18^290 15,200 75,194 81,367 4,227 Special Housing Fund payments 64,073 8,687 9,897 16,552 6,754 10,483 7,473 Total payments 810,364 58,182 87,730 150,804 217,164 208,745 71,789 15,950 Deposits with Maori Trustee 132,450 16,000 14,000 32,500 31,000 31,650 7,300 Cash balances at 31st March, 1949 : In hand 42,047 9,493 13 j293 2,715 5,933 6,395 2,085 2,133 and in bank 174,497 Totals 984,861 83,675 101,023 167,519 255,597 246,140 105,524 25,383

B—l [ PT. IV]

Income and Expenditure Accounts for the Year Ended 31st March, 1949

DEPARTMENT OF MAORI AFFAIRS— continued DISTRICT MAORI LAND BOARDS— continued Interest Accounts for the Year Ended 31st March, 1949

32

— Totals. Tokerau. WaikatoManiapoto Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Cr. Interest on mortgages and other investment .. Interest on amounts on deposit with Maori Trustee £ 18,871 14,379 £ 1,256 1,020 £ 1,471 2,503 £ 3,612 2,457 £ 5,662 901 £ 4,062 , 5,604 £ 2,293 1,483 £ 515 411 33,250 2,276 3,974 6,069 6,563 9,666 3,776 926 Dr. Interest allocated to sundry blocks, accounts, &c. Balances transferred to Income and Expenditure Account £ 9,845 23,405 £ 369 1,907 £ 985 2,989 £ 315 5,754 £ 661 5,902 £ 5,120 4,546 £ 2,188 1,588 £ 207 719 33,250 2,276 3,974 6,069 6,563 9,666 3,776 926

— Totals. Tokerau. WaikatoManiapoto. Waiariki. i 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. £ 23,405 7,709 2,267 1,171 £ 1,907 316 152 £ 2,989 724 2,263 92 £ 5,754 1,357 178 £ 5,902 1,589 669 £ 4,546 1,852 29 £ 1,588 1,277 4 45 £ 719 594 6 34,552 2,375 6,068 7,289 8,160 6,427 2,914 1,319 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 £ 7,567 539 4,733 3,147 18,566 £ 81 319 52 1,923 £ 1,300 83 288 507 3,890 £ 1,176 85 1,763 1,042 3,223 £ 2,000 100 1.648 763 3.649 £ 1,537 94 605 532 3,659 £ 1,024 69 75 167 1,579 £ 530 27 35 84 643 34,552 2,375 6,068 7,289 8,160 6,427 2,914 1,319

B—l [PT. IV]

Appropriation Accounts for the Year Ended 31st March, 1949

2—B 1 [Pt. IV]

33

— Totals. Tokerau. WaikatoManiapoto. Waiariki. Tairawhiti. Aotea. Ikaroa. South Island. Gr. Surplus for year transferred from Income and Expenditure Account £ 18,566 £ 1,923 £ 3,890 £ 3,223 £ 3,649 £ 3,659 £ 1,579 £ 643 18,566 1,923 3,890 3,223 3,649 3,659 1,579 643 Dr. Balance, 1st April, 1948 Sundry adjustments previous years (net) Appropriations during year —- Maori purposes . . .. Purchase of land, buildings, furniture, &c... Other Balance, transferred to Assurance and Reserve Account Balance, 31st March, 1949 £ 1,046 1,291 3,445 6,467 512 5,672 133 £ 1,046 Gr. 6 250 500 133 £ Gr. 34 " 1,021 1,390 1,513 £ 220 571 4,151 Gr. 1,719 £ 958 940 239 12 1,500 £ "l20 621 533 2,385 £ 33 21 103 1,422 £ 21 51 571 18,566 1,923 3,890 3,223 3,649 3,659 1,579 643

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued DISTRICT MAORI LAND BOARDS— continued Combined and Separate Balance-sheets as at 31st March, 1949

34

— 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 £ 3,627 285,839 64,886 549,775 £ 13 j488 52,488 £ - 2,452 26,012 3,984 81,046 £ 30,830 122^480 1 £ 100 3,111 29,323 97,026 £ 1 136,805 25,345 138,812 • £ 975 66,272 5,895 39,388 £ 100 9,321 339 18,535 904,127 65,976 113,494 153,310 129,560 300,962 112,530 28,295 Sundry amounts held on deposit and in suspense — Maori Trustee (including Special Housing Fund) Other Sundry creditors Unpaid vouchers held by Post Office Liability to Treasury for advances under section 340, Maori Land Act, 1931 19,726 69,289 2,566 7,830 244 2,683 17,610 361 401 10,043 4,785 1 j 328 1,578 22,063 6 839 2,939 20,224 494 313 1,790 4,232 1,378 963 244 366 323 212 3,652 327 52 115 334 99,655 21,055 16,156 24,486 23,970 8,607 4,553 828 Office reserves, including balance of Appropriation Account Totals 313,957 235 42,849 84,622 81,834 87,058 13,026 4,333 1,317,739 87,266 | 172,499 l 262,418 235,364 396,627 130,109 33,456

B—l LPt. IV]

T. T. Ropiha, 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 audit later of the Tairawhiti Board accounts.— J. P. Rutherford, Controller and Auditor-General.

35

Assets Cash balances — In hand and in bank Imprests at Post Office £ 42,047 7,830 £ 9,493 401 £ 13,293 1,328 £ 2,715 839 £ 5,933 313 £ | 6,395 963 £ 2,085 3,652 £ 2,133 334 40,877 9,894 14,621 3,554 6,246 7,358 5,737 2,467 Investments — Common FundMortgages and charges Farm properties On deposit with Maori Trustee Advances on overdraft to blocks, &c. Government securities Board undertakings (section 107) Particular estatesMortgages Government and other securities 214,601 88,478 549,097 16,352 244,017 8,916 10,870 57,643 . . : 12,881 41,093 248 22,865 10,249 11,698 85,897 6,097 20,049 5,795 641 34,933 48,420 100,646 897 49,065 5,000 49,195 26,731 39,891 2,353 61,294 2,915 29,423 86,875 209,053 3,951 44,509 25 j 345 16,589 1,629 57,839 2,166 35,935 1,001 5,075 1,795 3,879 14,678 640 10,300 439 1,189,974 77,087 140,426 238,961 I 211,802 369,733 122,029 29,936 Sundry debtors Interest and instalments (due and accrued) .. 2,861 1,926 8 174 369 93 2,307 1,522 89 88 137 4,787 182 462 3,829 89 225 Land and buildings Office equipment, &c. 43,737 29,364 103 11,083 5,907 6,419 9,655 11,548 5,768 14,687 4,760 •• 2 j 118 1,053 73,101 103 16,990 16,074 17,316 19,447 I 2,118 1 1,053 Totals 1,317,739.. 87,266 172,499 | 262,418 235,364 396,627 130,109 33,456

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI HOUSING (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year Ended 31st March, 1949 Receipts Payments Repayments by Maoris— £ £ Advances to Maoris for— Principal • • ~49,408 Purchase of and repairs to dwellings .. .. 247, <}U7 Interest " ' 15,105 Purchase of tools of trade 18 247>325 Deposits against advances .. .. •• •• 19,114 Refunds of deposits .. •• •• •• •• Balance (withdrawal from Land for Settlements Account) .. 186, 185 Land for allocation as housing-sites.. .. .. • • Preparatory costs : Grouped housing sites .. .. • • Interest on loan capital paid to Consolidated Fund .. .. 19,315 £269,812 I £269,812 ====== | ===== Revenue Account for the Year Ended 31st March, 1949 Expenditure £ Income £ £ Interest on loan capital .. .. •• •• 12,361 Interest earned on loans " " \ l7 Losses written off 13 Less interest allowed on credit balances .. .. 417 Balance, being excess of income over expenditure .. .. 2,785 ' Insurance rebates . . .. •. • • • • • • £15,159 J * £15,159

36

B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Liabilities £ £ | Assets Loan capital: Land for Settlements Account— I Advances to Maoris (883)— £ £ Balance at Ist April, 1948 .. .. .. 259,084 Principal .. .. .. .. .. 491,176 Transfers from other activities .. .. .. 2,015 Interest outstanding .. .. .. .. 550 Withdrawal for year .. .. .. ..186,185 491,726 44 7,284 Land for allocation as housing-sites .. .. .. 277 Liability to Consolidated Fund for interest on capital . . 14,405 Preparatory costs : Grouped housing sites .. . . . . 11 Credit balances in loan accounts (25) .. .. .. 432 Sundry debtors .. .. .. .. .. 1,960 Sundry deposits against advances (307) .. .. .. 23,037 Losses in Suspense .. .. .. .. .. 13 Sundry creditors .. .. .. .. .. 1,405 Suspense Account .. . . .. .. .. 62 Accumulated revenue— £ Balance at Ist April, 1948 .. .. 6,027 Excess of income for year .. .. 2,785 8,812 Adjustment of interest on loan capital .. 1,463 7,349 Writings-off in Suspense .. .. .. .. .. 13 £493,987 | £493,987 Notes.—(1) Separate accounts are published for the Building Construction Fund and for advances from the Special Maori Housing Fund; (2) labour subsidies are not recorded in these accounts ; (3) administration expenses are paid from Consolidated Fund, vote " Maori Affairs." T. T. Ropiha, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, 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.

37

B—l [Ft. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI LAND DEVELOPMENT AND SETTLEMENT (LAND FOR SETTLEMENTS ACCOUNT) Revenue Account for the Year Ended 31st March, 1949 Dr. £ | Gr. Interest on loan capital .. .. .. .. .. 63,808 Interest on advances under— Amount transferred to Accumulated Revenue Account .. 42,307 Part I, Maori Land Amendment Act, 1936— £ £ £ Land under development .. .. 41,484 Settlers .. .. .. .. 55,883 97,367 Section 340, Maori Land Act, 1931 : Maori Land Boards .. . . .. .. .. 9 Section 48, Maori I,and Amendment Act, 1936 : Settlers . . .. .. . . . . 223 97,599 Stores on-cost, dividends, insurance rebates, store profits, I administration charges .. .. 8,516 £106,115 £106,115 Accumulated Revenue Account for the Year Ended 31st March, 194-9 Dr. £ 1 Gr. £ Amounts written off: Advances to settlers .. .. 9,939 j Balance at Ist April, 1948 .. .. .. .. 395,039 * Amount transferred to IJnrecouped Interest Account .. 213,253 Amount transferred from Revenue Account .. .. .. 42,307 Adjustment of interest on loan capital .. . . .. 709 I Balance at 31st March, 1949 .. .. .. .. 213,445 j £437,346 j £437,346 * Reducing the amount credited to Revenue Account to the amount actually received. Balance-sheet as at 31st March, 1949 Liabilities £ | Assets Land for Settlements Account: Loan capital .. .. 1,828, 546 i Development and settlement— Liability to Consolidated Fund for interest on capital .. 66,456 Development schemes— £ £ , £ Grant from Consolidated Fund for losses on the development Expenditure . . 1,352, 247 of land for the rehabilitation of Maori ex-servicemen .. 50,000 j Crown land not paid for .. 9,445 Employment promotion grant unexpended .. .. 361,022 j —- Sundry creditor: Lands and Survey Department .. .. 9,445 I 1,361,692

38

B—l [Pt. IV]

Accumulated Revenue Account .. .. .. .. 213,445 £ Writings-off in Suspense .. .. .. .. 17,236 Unrecouped interest.. 189,831 Accrued interest .. 33,524 223,355 1,585,047 Advances to settlers— Expenditure .. .. 1,128,503 Unrecouped interest .. .. 23,422 1,151,925 Advances under section 48, Maori Land Amendment Act, 1936 .. .. .. .. 4,980 Advances under section 340, Maori Land Act, 1931, including accrued interest .. .. 215 2,742,167 Less Unrecouped Interest Account .. 213,253 2,528,914 Losses in Suspense .. .. .. .. .. 17,236 £2,546,150 £2,546,150

Notes.— (1) Expenditure from employment promotion grants on development schemes since inception and amounting to £2,128,527 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 Field Supervisors were paid from Land for Settlements Account, vote " Maori Land Settlement," and were debited in those years to Revenue Account. T. T. Ropiha, 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 landdevelopment 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.

39

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI PURPOSES FUND BOARD Statement of Receipts and Payments for the Year Ended 31st March, 1949 Receipts £ Payments £ Balance at Ist April, 1948 .. .. .. .. .. 61,887 Administration expenses .. .. .. .. .. 184 Interest Maori Trust Office .. .. .. .. 1,850 Grants .. .. .. .. .. .. .. 3,731 Requisitions on Maori Land Boards .. .. .. .. 2,650 Office equipment, &c. .. .. .. .. .. 53 Sales of publications . . . . .. . . . . 451 Publication advance . . . . . . . . ... 425 Sales of equipment . . . . .. . . . . 2 Refund to author .. .. . . . . .. . . 17 Refund cost book .. .. .. .. .. .. 12 Balance at 31st March, 1949 .. .. .. .. 62,442 £66,852 £66,852 Income and Expenditure Account for the Year Ended 31st March, 1949 Expenditure £ , Income £ Administration expenses .. .. .. .. .. 194 Interest: Maori Trust Office .. .. .. .. 1,850 Grants— £ Grant from Consolidated Fund .. .. .. .. 375 Government free-place scholarships .. .. 750 j Requisitions on Maori Land Boards for specific purposes .. 2,650 Special assistance .. . . . . . . 200 I Profit on sales of equipment and publications . . . . 4 Entertainments and receptions . . . . . . 31 Miscellaneous .. .. .. .. .. 2,700 3,681 Free issues and publications written off .. .. .. 17 Library books written off .. .. . . .. . . 4 Balance, being excess of income over expenditure . . . . 983 £4,879 £4,879

40

B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Liabilities £ £ i Assets £ Special funds— Cash with Maori Trustee .. .. .. .. .. 62,442 Carnegie Corporation grant for Maori arts and crafts.. 342 Board publications for sale .. .. .. .. . . 1,094 Ngati Kahungunu Trust .. .. .. .. 85 Publication Advance Accounts— £ Ruatoki Carved Meetinghouse .. .. .. 41 " Mystery of the Moa" .. .. .. .. 215 468 " Maori People and Us" .. .. .. .. 133 Unpaid grants .. .. .. .. . . 200 348 Sundry creditors .. .. .. .. .. 21 Pingao for sale .. . . . . . . .. . . 5 Accumulated funds— Library .. .. .. .. .. .. .. 318 Balance at Ist April, 1948 .. .. .. 63,060 Furniture, fittings, &c. .. .. .. .. .. 128 Add excess of income over expenditure, 1948-49 .. 983 Sundry debtors .. . . .. .. . . .. 397 64,043 £64,732 £64,732

T. T. Ropiha, Maori Trustee. M. J. Lawless, A.R.A.N.Z., Chief Accountant. J. 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.

41

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued REHABILITATION OF MAORI EX-SERVICEMEN (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account tor the Year Ended 31st March, 1949 Receipts j Payments Repayments by Maoris— £ £ Advances to Maoris for— £ £ Principal .. .. .. .. .. 31,769 | Businesses, &c. .. .. .. .. 6,209 Interest .. .. .. .. .. 5,325 I Farms .. .. .. .. .. 23,547 37,094 I Furniture .. .. .. .. .. 9,781 Interest recovered from vote : " Maori Affairs" .. .. 958 j Houses .. .. .. .. .. 107,799 Balance (withdrawal from Land for Settlements Account) .. 113,370 i Tools and other measures .. .. .. 75 147,411 | Interest on loan capital paid to Consolidated Fund .. .. 4,011 £151,422 £151,422 I Revenue Account for the Year Ended 31st March, 1949 Dr. £ I Or. £ Interest on loan capital .. .. .. .. .. 7,968 | Interest earned on loans .. .. .. .. .. 5,643 Losses written off .. .. .. .. .. .. 10 Interest recoverable from vote: " Maori Affairs" .. .. 2,325 Balance carried down .. .. .. .. .. 85 Insurance rebates .. .. .. .. .. .. 34 Rent .. . . .. .. .. .. .. 38 Stores on-cost .. .. .. .. .. .. 23 £8,063 £8,063 £ £ Adjustment of interest on loan capital for previous years .. 927 Balance brought down .. .. .. .. . . 85 Balance, being excess of income over expenditure .. .. 85 I Interest recoverable from vote : " Maori Affairs " .. .. 927 £1,012 | £1,012

42

B—l [Ft. IV]

Balance-sheet as at 31st March, 1949 Liabilities I _ Assets Loan capital: Land for Settlements Account— £ £ I Advances to Maoris for— £ £ Balance at Ist April, 1948 .. .. .. 166,127 j Businesses (35) .. .. .. .. 12,787 Transfers from other activities .. .. .. 9,709 Farms (46) .. .. .. .. .. 76,739 Withdrawal for year .. .. .. ..113,370 ! Furniture (320) .. .. ..18,656 s (215) .. .. .. .. .. 183,881 Liability to Consolidated Fund for interest on capital .. 8,932 Tools and other measures (9) .. .. .. 734 Credit balances in loan accounts (15) .. .. .. 44 _ Sundry deposits against advances (26) .. .. .. 2,042 Principal .. .. .. .. •• 292,797 Sundry creditors .. .. .. .. • • 424 Interest outstanding . . .. .. .. 355 Suspense Account .. .. .. . • 30 Accumulated revenue— £ Land leased to ex-servicemen .. .. •• •• 2,955 Balance at Ist April, 1948 .. .. .. 103 Sundry debtorsExcess of income for j ear .. .. .. 85 Interest recoverable (difference between interest on Writings-off in Suspense .. . . .. .. . . 11 made) .. .. . . .... 3,252 I Losses on realisation recoverable from Rehabilitation Department . . . . . . .. 382 | Other .. .. .. .. .. 1 j125 Losses in Suspense .. . . .. . . . . 11 £300,877 J £300,877

Note. Prior to the permanent settlement of an ex-serviceman thereon, land acquired for rehabilitation purposes and in the process of being developed is included in a separate set of accounts, Maori Land Development and Settlement. T. T. Ropiha, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, 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.

43

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFi* IRS— continued MAORI TRUSTEE Interest Account, 1948-49 Dr. £ Cr. £ Interest allotted on amounts held under— ' Interest on mortgages and other investments .. .. 32,352 Maori Land Act, 1931— Part 111 .. .. .. .. .. .. 14,379 Part X .. .. .. .. .. .. 1,508 Miscellaneous .. .. .. .. .. 52 Maori Trustee Act, 1930 .. .. .. .. 1,297 Maori Purposes Fund Act, 1934-35 .. .. " 1,850 Maori Housing Amendment Act, 1938 .. .. .. 1,363 West Coast Settlement Reserves Act, 1892 . . . . .. 190 Miscellaneous funds .. .. .. .. .. 2,419 Surplus carried to Revenue Account .. .. .. 9,294 £32,352 £32,352 Kevenue Account, 1948-49 Dr. £ Cr. £ Administration expenses: Contribution to Consolidated Fund 12,200 Balance from Interest Account .. .. .. .. 9,294 Maori Trustee's portion of earthquake-damage premiums on Commission .. .. .. .. .. .. 6,947 buildings subject to mortgages and charges .. .. 15 Fees .. .. .. . . .. .. .. 441 Net profit for year carried down .. .. . . .. 5,585 Net working profit on properties acquired under mortgage ~ 1,118 £17,800 £17,800 £ £ Interest adjustment previous years .. .. .. .. 832 Net profit for year brought down .. .. „ ... 5,585 Loss made good to estate .. .. . . . . .. 5 Net surplus transferred to Appropriation Account .. .. 4,748 £5,585 £5,585

44

B—l [Pt. IV}

Appropriation Account, 1948-49 Dr. £ Or. ■ £ ■ Allocation of profits for 1946-47— Balance, Ist April, 1948 .. .. .. .. .. 7,284 Paid to Consolidated Fund .. .. .. .. 1,182 Net surplus transferred from Revenue Account .. .. 4,748 Transferred to Maori Hostels Fund .. . . 709 Transferred to Assurance and Reserve Fund .. .. 2,363 4,254 Donation, New Zealand Federation of Tuberculosis Associations 25 Balance, 31st March, 1949 .. .. .. .. .. 7,753 £12,032 £12,032 Receipts and Payments Account por the Year Ended 31st March, 1949 Receipts £ £ Payments £ Balances, Ist April 1948— Maori Reserves Act, 1882 ~ .. . . .. .. 20,529 Cash at Bank .. .. .. .. .. 7,487 West Coast Settlement Reserves Act, 1892 .. .. .. 18,892 Cash in hand .. .. .. .. .. 40 Maori Land Act, 1931— Cash at branches .. .. .. .. 8,924 Part 111 .. .. .. .. .. .. 53,686 Cash in Post Office .. .. .. .. 105 Part X .. .. . . . . .. . . 15,271 16,556 Miscellaneous .. .. .. .. .. .. 1,829 Maori Reserves Act, 1882 .. .. .. .. .. 21,640 Maori Trustee Act, 1930 .. .. .. .. .. 99,456 West Coast Settlement Reserves Act, 1892 .. .. .. 25,381 Maori Purposes Fund Act, 1934-35 .. .. .. 1,678 Maori Land Act, 1931— Maori Housing Amendment Act, 1938 .. . . 37,300 Part 111 .. .. .. .. .. .. 149,956 Ngaitahu Claim Settlement Act, 1944 .. .. .. 40,000 Part X .. . . .. .. .. .. 7,773 Ngarimu V.C. and 28th (Maori) Battalion Memorial Scholarship Miscellaneous .. .. .. .. .. .. 2,281 Fund Act, 1945 . . . . . . . . .. 55 Maori Trustee Act, 1930 .. .. .. .. .. 172,223 Maori Purposes Act, 1946 : Maori Hostel Fund .. .. 3,686 Maori Purposes Fund Act, 1934-35 .. .. .. 976 Mortgage investments .. .. .. .. .. 356,291 Maori Housing Amendment Act, 1938 .. .. .. 6,682 Administration expenses .. .. .. .. .. 12,200 Ngaitahu Claim Settlement Act, 1944 .. .. .. 11,352 Miscellaneous payments .. .. .. .. .. 19,008 Ngarimu Y.C. and 28th (Maori) Battalion Memorial Scholarship Balances, 31st March, 1949— £ Fund Act, 1945 .. .. .. .. .. 15,714 Cast at bank .. .. .. .. .. 32,794 Maori Purposes Act, 1946; Maori Hostels Fund .. .. 3,320 Cash in hand .. .. .. .. .. 155 Mortgage investments .. .. .. .. ..251,975 Cash at branches .. .. .. ~ 13,628 Miscellaneous receipts .. .. .. .. .. 39,722 46,577 Balances, 31st March, 1949 : Post Office .. ~ .. 907 £726,458 £726,458

45

B—l [Ft. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI TRUSTEE— continued Balance-sheet as at 31st March, 1949 Liabilities £ £ Assets £ £ Amounts held under— Investments— Maori Reserves Act, 1882 .. .. .. 69,832 Local- body securities .. .. .. 5,000 West Coast Settlement Reserves Act, 1892 .. 56,692 Government securities .. .. .. 634,760 Maori Land Act, 1931— £ Short-term investments: Treasury bills .. 40,000 Part X .. .. .. .. 53,247 Mortgages .. .. .. 296,995 Part III: Maori Land Boards . . 549,097 Advances (on overdraft) to estates and accounts 60,513 Special investment .. .. 350 Properties acquired under mortgage .. .. 11,663 Miscellaneous .. .. .. 7,425 Post Office Savings-bank war service gratuity Maori Trustee Act, 1930 .. .. ..103,233 Maori Hostels Fund . . .. .. .. 15,537 Maori Purposes Fund Act, 1934-35 .. .. 62,442 1,116,641 Maori Housing Amendment Act, 1938 .. .. 37,396 Interest and rent due and accrued .. .. .. 13,302 Ngaitahu Claim Settlement Act, 1944 .. .. 11,444 Cash balances— Ngarimu V.C. and 28th (Maori) Battalion Memorial In hand .. .. .. .. .. 155 Scholarship Fund Act, 1945 .. .. 29,626 At bank .. .. .. .. .. 32,794 Finance Act (No. 2), 1946: Whakatohea claim At branches .. .. .. .. 13,628 settlement .. .. .. .. 21,457 Maori Purposes Act, 1946: Maori Hostels Fund 20,709 46,577 Miscellaneous funds .. .. .. .. 21,956 Less Post Office .. .. .. 907 Sundry creditors .. .. .. .. .. 2,026 Reserves— Assurance and Reserve Fund .. .. .. 119,895 Investment Fluctuation Account .. .. 1,033 Profit and Loss Appropriation Account .. 7,753 | £1,175,613 [ £1,175,613

Notes.—(1) During 1948-49 the balances in the following reserve accounts (which appear in the Balance-sheet as at 31st March, 1948) were transferred to Assurance and Reserve Fund and the accounts were closed : (o) Reserve against unpaid interest, £1,218 ; (b) special reserve against claims, £159. (2) During 1948-49 the sum of £5OO was paid from Assurance and Reserve Fund in terms of section 9 of the Maori Purposes Act, 1948, in connection with" the Rotorua Guesthouse. T. T. Ropiha, 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, subject to the departmental notes enfaced thereon.— J. P. Rutherford, Controller and Auditor-General.

46

B—l [Pt. IV]

SPECIAL MAORI HOUSING FUND Statement of Receipts and Payments for the Year Ended 31st March, 1949 Receipts £ j Payments £ Balance at Ist April, 1948 .. .. .. .. .. 79,807 Payments (loans for erection of houses, &c.) .. .. .. 76,528 Receipts (interest, repayments of principal, &.c.) 39,033 j Balance at 31st March, 1949 .. .. .. .. 43,494 Grant from Consolidated Fund (equivalent to one-third of Maori j . . . Trust Office profits for 1946-47) .. .. .. .. 1,182 j £120,022 | £120,022 Income and Expenditure Account for the Year Ended 31st March, 1949 Expenditure £ Income £ £ Interest allowed on deposits and credit balances .. .. 142 Interest earned-— Earthquake risk insurance: Fund's proportion .. .. 81 On loans to Maoris .. .. .. .. 6,822 Rented properties— £ On funds held by Maori Trustee .. .. . . 1,363 Rates .. . . .. .. .. .. 69 8,185 Insurance .. .. .. .. .. 27 Insurance rebates .. .. .. .. .. .. 56 Repairs and maintenance .. .. .. 2 Rented properties : Rents received .. .. .. .. 599 Depreciation .. .. .. .. .. 170 Miscellaneous receipts .. .. .. .. .. 15 268 Loss of funds written off .. .. .. .. 32 Excess of income transferred to Special Housing Fund .. 8,332 £8,855 £8,855 I " Special Housing Fund Account as at 31st March, 1949 Dr. £ Cr. £ Balance at 31st March, 1949 .. .. .. .. 226,333 Balance at 31st March, 1948 .. .. .. .. 216,819 Additional grant .. .. .. .. .. . . 1,182 Excess of income over expenditure for year .. .. .. 8,332 £226,333 £226,333

47

B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS—continued SPECIAL MAORI HOUSING FUND—continued Balance-sheet as at 31st March, 1949 Liabilities £ Assets £ Special Maori Housing Fund .. .. .. .. 226, 333 Land not yet built on (donated) .. .. .. .. 25 Deposits against advances (87) .. .. .. .. 8,197 Huts: Temporary accommodation (3) .. .. .. 142 Credit balances in loan accounts (35) ~ .. .. 353 Rented properties (14)— Sundry creditors .......... 59 £ £ Writings-off in Suspense .. .. .. .. .. 32 Acquisition of land and improvements .. 669 Erection of cottages .. .. .. 4,832 5,501 Less Depreciation Reserve .. .. .. 1,009 4,492 Loans to Maoris (511) —- Principal .. .. .. .. .. 186,013 Interest . . . . .. .. . . 639 186,652 Sundry debtors .. .. .. .. .. .. 137 Cash balances— On deposit with Maori Trustee .. .. .. 37,396 ; On deposit with Maori Land Boards .. . . 6,098 43,494 Losses in Suspense .. .. .. .. .. 32 £234,974 £234,974

Explanatory 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 required 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 £169,446 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, rents 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. T. T. Ropiha, 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.—J. P. Rutherford, Controller and Auditor-General.

48

B—l [Pt. IV]

MARINE DEPARTMENT BLUFF-STEWART ISLAND FERRY SERVICE Profit and Loss Account for the Year Ended 31st March, 1949 Expenditure ' £ Income ,^ n „ A Salaries .. .. .. .. 6,707 Freights.. .. .. .. ■■ •• 6,274 Stores .. .. •• •• •• 5.1" Hire charges .. .. .. •• •• l>'-*i Hire charges .. .. .. •• • • •• 1,611 Fares .. .. .. .. •• •• •• 7,747 Office expenses .. .. .. • • • • • • 185 Subsidies . . .. .. • • • • • • 'W Rent of office .. .. .. .. •• •• 108 Sale of stores .. .. .. .. •• . • W Audit fees .. .. .. .. • • • • 27 Balance carried down .. . . .. • • • • 1,5/ / Overhaul and repairs .. .. .. .. •• 2,183 Printing and stationery .. .. .. .. • • 89 Provedore .. .. .. •• ■• ■• 78 Cartage, handling charges, &c. ~ .. .. . • 420 Electricity: Ships' lighting .. .. • • • • 54 Travelling-expenses .. .. .. . • • • 37 Transfer expenses .. .. .. • ■ • • 137 Miscellaneous* ~ .. .. .. • • • • 43 Head Office administration .. .. . • • • 500 Depreciation .. .. .. .. • • • • 671 £18,049 £18,049 £ £ Balance brought down .. .. .. .. • • 1,577 Net loss ~ .. .. .. • • • • • • 2,039 Interest on capital .. .. .. • • • • 462 £2,039 £2,039 * Radio, £4 ; damage to " Waipiata," £8 ; damage to cargo, £l5 ; advertisement Port Pegasus trip, £l6 ; total, £43. I hereby certify that the Profit and Loss Account 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.

49

B—l [Ft. IV]

MARINE DEPARTMENT— continued ROCK OYSTER INDUSTRY Profit and Loss Account for the Year Ended 31st March, 1949 Dr. * | Or. £ Salaries and wages .. .. ■ • • • .. 7>878 Sales .. .. . . .. . • . • • . 0,944 Maintenance of ketch, launches, &c. . . .. • • 1,536 i Rent of depot .. .. .. . . .. .. 69 Freight and cartage .. .. .. .. •• 829 j Balance carried down .. .. .. .. ..1,682 Office expenses . . .. . . . • • • • • 9 | Rent, fuel, light, &c. .. . . .. . • • • 166 Stores and materials .. .. .. ■ • • • 885 Repairs and replacement of tools . . . . .. • • 41 Travelling-expenses .. . . .. ■ • • ■ 106 Wharfage and cranage .. .. .. . • • • 85 Administration expenses .. .. . . . • • • 150 Depreciation .. . • • • • • • • • • 1 £11,605 t £11,695 £ £ Balance brought down .. .. .. .. . • 1,682 Net loss .. .. .. .. .. .. .. 2,102 Interest on capital .. .. .. • • • • 420 £2,102 £2,102 I hereby certify that the Profit and Loss Account 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.

50

B—l [Pt. IV]

WESTPORT HARBOUR ACCOUNT Income and Expenditure Account for the Year Ended 31st March, 1949 Expenditure £ Income £ Dredging .. .. .. .. .. .. 44,023 Special coal rate .. .. .. .. .. .. 16,352 Harbour maintenance .. .. .. .. .. 14,016 Endowment revenue .. .. .. .. .. 9,902 Working-expenses of launch .. .. .. .. 282 Port dues .. .. .. .. .. .. 2,935 Office administration (local) .. .. . . .. 2,567 Hire of plant .. .. .. .. .. 7,092 Endowments: Administration expenses .. .. .. 441 Sale of stores, &c. .. . . .. .. .. 66 Compensation for accidents.. .. .. .. .. I*ls Rent .. .. .. .. .. .. .. 70 Payments to Post and Telegraph Department .. .. 178 Use of transmission lines . . . . .. .. .. 12 Motor-vehicle: Maintenance .. .. .. .. 149 Electricity to ships .. .. .. .. .. 714 Travelling-expenses .. .. .. .. .. 42 Sale of land .. .. .. .. .. .. 650 Head Office administration .. .. .. .. 1,500 Compensation for damaged lifeboat .. .. .. .. 25 Depreciation— £ Excess expenditure over income .. .. .. .. 34,462 Buildings .. .. .. .. . . 141 Dredges, wharves, &c. .. .. .. .. 3,324 3,465 Interest on loans .... .. .. .. 5,502 £72,280 | £72,280

51

B—l [Ft. IV]

MARINE DEPARTMENT— continued WESTPORT HARBOUR ACCOUNT— continued Receipts and Payments Account for the Year Ended 31st March, 1949 Receipts £ Payments £ Marine revenue Refunds of revenue . . . . .. • • • • 4 Westport Harbour receipts .. .. •• •• 34,031 Westport Harbour payments .. .. .. ..68,803 Pinal charges adjustments .. •• •• 741 Pinal charges adjustments .. .. .. •• . • 741 Balance carried down .. .. . • •• ..34,776 £69,548 £69,548 Treasury Adjustment Account Dr. £ I Cr, £ Balance carried down .. .. •• •• 36,276 Balance brought down .. .. .. ■ ..34,776 | Administration charge, Head Office .. .. .. . . 1, ouU £36,276 £36,2.76 £ . , £ Balance, 31st March, 1949.. .. •• 340,643 Balance brought down .. .. .. .. .. 36,276 Balance, Ist April, 1948 .. .. .. .. ..298,865 Interest on capital . . . . • • • • • • 5,502 £340,643 £340,643 ~ £ Balance .. .. • • • • • • • • £340, 643

52

B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Liabilities Assets Creditors— £ £ Debtors— £ £ Departmental .. .. ... .. .. 397 Accrued revenue .. .. .. .. 1,876 Sundry .. .. .. .. .. 3,273 Departmental .. .. .. .. .. 1,872 Revenue paid in advance .. .. .. 83 Sundry .. .. .. .. .. 13,381 Liability to Consolidated Fund— 27,273 Finance Act, 1926, section 22 .. .. ..64,783 Fixed assets at cost, less depreciation— Finance Act, 1932, section 16 .. .. .. 92,422 Breakwaters .. .. .. .. .. 344,333 Endowment capital .. .. .. .. .. 59,042 Protective works and relief channels .. .. 17,384 General reserve as at 31st March, 1949 .. .. 57,221 Martin's Land Account .. .. .. .. 700 Less excess expenditure over income for 1948-49 .. 34,462 Limestone-quarry .. .. .. ~ 128 Treasury Adjustment Account .. ... .. .. 340,643 Harbour buildings .. .. .. .. 803 Writing-off Reserve Account .. .. .. .. 3 Dredge Wharf .. .. .... .. 186 Gridiron .. . . . . . . .. 966 Dredges, tug, plant, launch, and truck .. .. 20,341 Office furniture and fittings, and mechanical appliances .. .. .. .. .. 7 Signal Station wireless telephone .. .. 509 Endowment lands— Leased .. .. .. .. .. 36,902 Unleased .. ... .. 22,140 Deferred expenditure : Harbour lights conversion .. .. 471 Writing-off Suspense Account .. .... .. 3 Suspense Account .. .. .. .. .. 10 £583,405 £583,405

W. C. Smith, Secretary. 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.

53

B—l [Pt. IV]

NEW ZEALAND FOREST SERVICE Statement of Expenditure and Income on Capital Account for the Two Years Ended 31st March, 1949

54

I Years Ended 1 31st March, 1948. 1949. Forest development and management — £ £ I £ £ £ £ Managed forest — Direct expenses of development and management — Establishment 88,320 114,929 Tending 64,161 85,995 Protection 94,505 109,769 Maintenance of permanent assets 91,550 120,635 Miscellaneous administrative expenses 95,785 121,597 434 321 552,925 Provision of permanent assets — Buildings (including housing, camps, &c.) 169,589 257,355 Roads, bridges, tracts, &c. 63,129 93,411 Plant, vehicles, equipment, &c. 103,950 92,520 Other improvements, stocks, &c. 170,196 166,212 506,864 609,498 Acquisition of land 79,000 57,244 Miscellaneous specific reserves, pools, and suspenses 89 6,504 1,020,274 1,226,171 Less income from managed forests — Sales of logs 259,868 201,530 Less costs of logging, transport, &e. 218,357 115,584 41,511 85,946 Sales of standing timber 80,724 45,177 Less costs of appraisal and supervision 15,228 12,167 65,496 33,010 Miscellaneous revenue 18,192 14,407 125,199 133,363 895,075 1,092,808 Non-managed forests — Income from non-managed forests — Sales of standing timber 119,422 214,292 Less costs of appraisal and supervision 16,083 21,990 103,339 192,302 Sales of other produce 9,412 i 10,811 Less expenses of supervision, &c. 2,670 6,742 ! 2,615 8,196

B—l [Ft. IV]

55

Miscellaneous revenue 1,046 1,408 Less costs of administration, protection, &c. 111,127 27,256 83,871 201,906 11,698 190,208 Less net profit from Rotorua Utilization Branch 811,204 34,962 902,600 27,263 Net expenditure of capital moneys on forest development and management 776,242 875,337 Development of utilization units — Waipa Mill — Fixed assets Less increases in specific reserves 84,139 7,312 76,827 44,928 83,356 6,701 76,655 Or. 1,160 Increase in stocks, stores, &c. .. 121,755 75,495 Conical Hill MillFixed assets Less increases in specific reserves 14,329 14,329 416 48,785 784 48,001 16,705 Increases in stocks, stores, &c. .. .. .. .. .. 14,745 22,512 64,706 54,417 Murupara pulp, paper, and sawmilling project: Preliminary expenses, including net cost of tests and trials Net expenditure of capital moneys on development of utilization units 1 159,012 194,618 Development of administrative establishmentsBuildings Roads and miscellaneous improvements Equipment, stores, &c. Net expenditure of capital moneys on development of administrative establishments 5,711 Or. 668 17,278 22,321 13,587 2,242 13,239 29,068 Summary Net expenditure of capital moneys on — Forest development and management Development of utilization units Development of administrative establishments 776,242 159,012 22,321 875,337 194,618 29,068 Grand total £957,575 .. £1,099,023

B—l [PT. IV]

NEW ZEALAND FOREST SERVICE— continued General Revenue Account for the Two Years Ended 31st March, 1949

56

Years Ended 31st March, 1948. 1949. Charges incurred "directly in respect of— £ £ £ £ Fire prevention and precaution and administration of fire districts 8,149 9,215 Technical investigations, research, &c. 18,345 14,955 National Forest Survey 13,460 17,924 Assistance to public and private forestry 2,310 2,288 Co-operation with Soil Conservation Council and Catchment Boards 207 1,385 Timber inspection and termite control 3 2,388 Timber control 3,092 6,503 Work for other Departments 7,122 10,822 Staff training, including Rotorua and Tapanui Training Centres 28,360 12,798 Payments to local authorities for roading purposes (" fifths ") 22,475 81,048 100,753 Less fees for inspections, recoveries from other Departments, &c. .. 5,790 11,288 75 °58 Ok/ , TtUtJ General administrative expenses — Salaries, overtime, and contribution to Government Superannuation Fund 116,902 119,180 Travelling and transfer expenses of officers, including expenses of officers travelling overseas 17,886 14,443 Postages, cables, printing and stationery, &c. 13,284 15,268 Maintenance and depreciation of administrative buildings, equipment, &c. 8,605 7,906 General office expenses 14,579 16,054 Miscellaneous general expenses 249 1,831 171,505 174,682 Less amounts charged against forests and other activities as " overhead " 54,896 118,791 11 fi fiOQ ftQl llUjUUt' — oOjOyi 191,867 145,356 Less miscellaneous revenue 324 1,047 Net deficit in Revenue Account transferred against Treasury Adjustment Account in Balance-sheet .. £191,543 .. £144,309

B—l [Pt. IV]

Balance-sheet as at the End of Each of the Two Years Ended 31st March, 1949

57

As at 31st March, 1948. 1949. Assets Land taken over or purchased .... .. . . .. .. Indigenous standing forests taken over or purchased £ 1,738,178 34,028,190 £ 35,766,368 5,039,808 2,255,234 1,098,022 22,512 167,467 £ 1,795,422 34,028,190 £ 35,823,612 5,269,169 3,038,250 1,303,183 76,929 250,230 Net costs to date of forest development and management Less reserves as . at 31st March, 1947 7,172,718 2,132,910 7,402,079 2,132,910 Buildings, including houses and camps Eoads, bridges, tracks, &c. Plant, vehicles, equipment, &c. Miscellaneous improvements Stocks and stores 607,562 459,516 658,466 183,849 345,841 932,002 552,927 808,445 270,368 474,508 Net interest capitalized but not charged against specific assets .. . . .. Preliminary expenses of Murupara pulp, paper, and sawmilling project .. .. Sundry debtors .. .. .. .. .. .. .. .. Value of miscellaneous assets held on charge pending authority to write off .. Less amounts reserved for same 4,146 4,146 5,318 5,318 Cash in Public Account 143,604 £44,493,015 £45,761,373

B —l [Pt. IV]

NEW ZEALAND FOREST SERVICE— continued Balance-sheet as at the End of Each of the Two Years Ended 31st March, 1949— continued

58

As at 31st. March. 1948. 1949. Liabilities Capital — £ £ £ £ Value of forests and land taken over free of charge 36,451,893 36,467,982 National development loans 5,977,439 Public Works Account capital 6,790,705 Liability to Consolidated FundAdvances 87,405 • 87,405 Interest 1,787,261 2,011,687 Loans redeemed . . . . . . .. . . •. 141,554 141,554 11 4-15 55° A \ nq qqo to, tJJ,ooo Treasury Adjustment Account Dr. 191,543 123,596 Net deficit in General Revenue Account Dr. 144,309 Dr 191 513 T)r 90 7 1 1J! . iJV , / ±»} Accumulated profits of Rotorua Utilization Branch (Waipa) 77,673 104,936 Miscellaneous reserve, pool, and suspense accounts 67,987 66,732 Liability for cash held on deposit 30,707 33,403 Less cash held against same 30,707 33,403 Sundry creditors . . 93,346 111,085 £44,493,015 £45,761,373 ' .

R—l [Ft. 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 jear 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 accounts and no reduction has been made in the asset " Indigenous standing forests " in respect of the value of timber or timber rights disposed of. (2) Up to 31st March, 1940, the cost of establishment of exotic forests included compound interest on the net expenditure from year to year. (3) The liability for advances from Consolidated Fund is fixed by section 21 of the Finance Act, 1926, and section 3 of the Finance Act, 1927, at £104,250. Of this amount, £87,405 only is shown as a liability, the balance of £16,845 representing the expenditure on sand-dune reclamation which was transferred, without statutory authority, to the Crown Lands Account. (4) Profit and Loss Accounts have been produced only in respect of the operation of mills. (5) Apart from central administration expenses, £191,543 (1947-48) and £144,309 (1948-49), which have not been charged to the forestry operations, all expenditure except on operation of mills has been treated as an accretion of development costs. (6) All proceeds from sales of timber plus the profit on mills have been deducted from development expenses. A. R. Entrican, Director. R. J. Wells, Chief Accountant. I hereby certify that the Balance-sheet and accompanying statements (General Revenue Account and Statement of Expenditure and Income on Capital Account for each of the two years ended 31st March, 1949) 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 paper B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

59

B—l [Pt. IV]

NEW ZEALAND FOREST SERVICE— continued UTILIZATION BRANCH, ROTORUA CONSERVANCY Waipa Sawmill Operating Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Purchases of logs .. .. .. .. 109,753 Sales of sawn timber .. .. .. .. .. 143,900 Wages and salaries .. .. .. .. .. 57,660 Transfers of sawn timber .. .. .. .. .. 112,628 Other expenses .. .. .. .. .. .. 78,059 Increase in stocks of sawn timber in hand .. .. .. 8,173 Net profit .. .. .. .. .. .. 19,229 £264,701 £264,701 ■ . - I Kaingaroa Sawmill Operating Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Purchases of logs .. .. .. .. .. 24,976 Sales of sawn timber .. .. .. .. 46,024 Wages and salaries .. .. .. .. .. 12,028 Transfers of sawn timber .. .. .. .. .. 7,044 Other expenses .. .. .. .. .. .. 14,419 Increase in stocks of sawn timber on hand .. .. .. 1,939 Net profit . ... .. .. .. .. .. 3,584 j £55,007 j £55,007 Waipa Box-factory Operating Account for the Year Ended 31st March, 1949 Dr. £ ! Cr. £ Purchases of sawn timber .. .. .. .. .. 109,774 Sales of box-shook .. .. .. .. .. 171,138 Wages and salaries .. .. .. .. ... 22,537 Transfers of processed timber for yard .. .. .. 1,183 Other expenses .. .. .. .. .. .. 19,701 Net profit .. .. .. .. .. .. 19,602 172,321 Reduction in stocks of box-shook in hand .. .. .. 707 £171,614 £171,614

60

B—l [Pt. IV]

Waipa Wood-preservation Plant Operating Account for the Year Ended 31st March, 1949 Dr. £ / Or. ' £ Purchases of untreated produce .. .. .. .. 7,876 Sales of treated produce .. .. .. . . .. 32,915 Seasoning-yard costs— Transfers to treated produce .. .. .. .. 2,158 Wages and salaries .. .. .. .. .. 3,542 Other expenses .. .. .. . . .. 1,358 35,073 Reduction in stocks of treated produce on hand .. . . 3,466 Total cost of operating seasoning yard .. .. .. 12,776 Treatment plant expenses— Wages and salaries .. .. .. .. .. 2,146 Creosote and other preservatives .. . . .. 6,717 Other expenses .. .. .. .. .. 5,855 Net profit .. .. .. .. .. .. 4,113 £31,607 £31,607 Profit and Loss and Appropriation Account for the Year Ended 31st March, 1949 Dr. £ Gr. Interest charged to 31st March, 1949 . . .. .. 135,980 Net profits from operating accounts— £ Less interest up to previous year .. .. .. 116,715 Waipa Sawmill •• •• •• •• •• 19,229 Kaingaroa Sawmill .. .. . . . . . . 3,584 Charge for interest for year .. .. .. .. 19,265 Waipa Box-factory .. .. .. .. .. 19,602 Balance, being net profit since the inception of operations .. 104,936 Waipa wood-preservation plant .. .. .. .. 4,113 Total .. .. .. .. .. .. 46,528 Net profits brought forward from previous years .. .. 77,673 £124,201 | £124,201

61

B—l [Pt. IV]

NEW ZEALAND FOREST SERVICE— continued UTILIZATION BRANCH, ROTORUA CONSERVANCY— continued Balance-sheet as at 31st March, 1949 Liabilities £ Assets Sundry creditors .. . . . . .. . . 40,802 Current assets— £ £ Invested funds and reserves— £ Sundry debtors— Interest-bearing advances .. .. .. 536,285 Trading accounts .. .. .. .. 70,811 Accumulated profits as shown in the Appropriation Other departmental undertakings .. .. 19,858 Account .. .. .. .. .. 104,936 90,669 Fire insurance reserves .. .. .. 18,569 Stocks and stores— 659,790 Logs .. .. .. .. .. 2,498 Sawn timber .. .. .. .. 57,433 Box-shook .. .. .. .. .. 11,708 Treated produce .. .. . . .. 3,892 Untreated produce .. .. .. 18,528 Creosote . . . . . . . . . . 1,539 General stores . . . . .. 54,051 149,649 Fixed assets—- £ Plant .. .. .. .. 224,994 Less depreciation .. .. . . 15,590 209,404 Less reserves for abnormal depreciation and maintenance of general plant and for renewals of motor-vehicles . . . . . . .. 18,506 190,898

62

B—l [Pt. IV]

I £ Buildings . . . . . . . . 182,007 Less depreciation .. .. .. 4,878 177,129 ! Tools, furniture, fittings, &c. .. .. 11,614 Less depreciation . . .. . . 952 10,662 Other installations . . . . 67,805 Less depreciation . . . . . . 2,031 65,774 J Other costs of establishment .. .. 17,421 Less depreciation .. ' .. .. 1,610 15,811 460,274 £700,592 £700,592 S. W. Trask, Bales and Office Manager. Examined and found correct.— J. P. Rutherford, Controller and Auditor-General.

63

B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT SAVINGS-BANK BRANCH Profit and Loss Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ £ Interest credited to depositors .. .. .. .. 3,743,790 Interest received .. .. .. .. 4,443,946 Management expenses .. .. .. .. .. 491,580 Plus interest accrued to 31st March, 1949 .. 941,641 Balance carried to Appropriation Account .. .. 244,333 5,385,587 Less interest accrued to 31st March, 1948 . . 921,301 4,464,286 Sundry receipts .. .. .. .. .. 15,417 £4,479., 703 £4,479,703 Appropriation Account for the Year Ended 31st March, 1949 Dr. £ I Cr. £ Savings-bank profits paid to Consolidated Fund .. .. 587,313 Balance brought forward .. .. .. .. .. 882,740 Balance due to Consolidated Fund (section 95 (c), Post and Profit and Loss Account .. .. .. .. .. 244,333 Telegraph Act, 1928) .. .. .. .. .. 539,760 £1,127,073 £1,127,073

64

B—l [Pt. IV]

Balance-sheet for the New Zealand Post Office Savings-bank as as 31st March, 1949 Liabilities £ Assets £ Balance at credit of depositors' accounts .. .. 166,542,892 Cash on hand and at bank .. .. .. .. 889,963 Letters of credit and other liabilities .. .. .. 109,936 Investments .. .. .. .. .. 166,708,418 Reserve Fund .. .. .. •• •• 1,409,035 Interest accrued on investments .. .. .. 941,641 Profit and Loss Appropriation Account .. .. 539,760 Sundry debtors .. .. .. .. .. 8,145 Amount due from Treasury for 5 per cent, bonus credited to war gratuity accounts .. .. .. 49,157 Stock of home safes .. . . . . .. .. 624 Balance due from Treasury for amounts credited to war gratuity accounts .. .. .. .. .. 3,675 £168,601,623 £168,601,623 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.

3—B 1 [Pt. IV]

65

B—l [Pt. IV]

post and telegraph department— continued post office Profit and Loss Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Maintenance and working expenses .. .. .. 7,478,018 Postages .. .. .. .. •• •• 3,144,021 Interest .. .. .. .. .. 551,140 Private box and bag rents and rural delivery fees .. .. 84,401 Provision for reserves— Money-order and postal-note commission .. .. .. 71,971 Depreciation .. .. .. .. .. 890,224 Telegraph revenue .. .. .. .. •• 746,450 Fire insurance .. .. .. .. .. 25,000 Toll revenue .. .. .. .. .. •• 1,896,086 Earthquake and war damage .. .. .. .. 50,000 Telephone revenue .. .. .. .. .. 2,295,645 Net profit .. .. .. .. .. .. 25,864 Revenue from wireless traffic •• •• •• 48,347 Rents received .. .. .. .. .. 70,691 Fees, &c., for services, motor registration and licensing .. 64,878 Fees, &c., for services as agent of other GovernmentDepartments .. .. .. .. .. 342, 547 Interest on investments .. .. .. . • 227, 860 Miscellaneous revenue .. .. .. .. .. 27,349 £9,020,246 £9,020,246 Profit and Loss Appropriation Account for the Year Ended 31st March, 1949 Dr. £ Cr. £ Payment to Treasury .. .. .. .. .. 522,655 Balance brought forward .. .. .. .. 1,912,198 Balance carried forward— £ Net profit for year .. .. .. .. .. 25,864 Post and Telegraph Act, 1928, Section 95 Amount provided for accumulated leave of servicemen in excess (d), due to Consolidated Fund .. 1,420 , 695 of requirements .. .. .. .. .. 34,558 Retained by Post Office .. .. 29,270 1,449,965 £1,972,620 £1,972,620

66

B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Receipts and Expenditure on Capital Account

67

Dr. As at 1st April, 1948. Amount Debited During Year. As at 31st March, 1949. Or. I Capital as at 1st April, 1948. Amount Received During Year. Capital as at Blst March, 1949. Expenditure — Telegraph and toll systems, including works in progress Telephone exchange systems, including works in progress Wireless systems Terminal equipment, cable and wireless, cable station Buildings and sites Tools and plant Motor assets Furniture and fittings Aeradio systems : Buildings £ 3,788,103 12,391,185 146,492 43,373 £ 130,325 1,512,567 2,154 1,616 £ 3,918,428 13,903,752 148,646 44,989 Receipts — Public Works Account and National Development Loans Account Aeradio Adjustment Account (Consolidated Fund con- . tribution to aeradio assets) £ 18,749,850 51,453 £ 66,800 £ 18,816,650 51,453 5,581,735 246,837 577,177 321,464 51,453 252,039 65,669 159,448 16,986 5,833,774 312,506 736,625 338,450 51,453 Balance carried to General balance-sheet 18,801,303 66,800 18,868,103 6,420,520 ! 23,147,819 2,140,804 25,288,623 25,288,623

B—l [Pt. IV]

POST AND TELEGRAPH DEPARTMENT— continued General Balance-sheet Liabilities Assets £ £ £ Capital Account balance .. .. .. .. 6,420,520 Sundry creditors— Stock at stores, &c., and in transit, at stock-list prices less Money-order payees for unpaid money-orders 145,933 on-cost .. .. .. .. .. 3,485,080 Other Administrations, on money order, Investments in Government stocks on account of— £ postal, and cable accounts .. .. 88,387 Post Office Investment Certificates .. 107,650 Postal-note payees for unpaid postal-notes .. 120,823 National Savings deposits and bonds .. 40,649,000 National Savings coupons sold and unredeemed 9,198 Post Office investments under section 100 of Other Government Departments .. .. 7,310,320 Post and Telegraph Act, 1928 .. .. 6,683,000 Sundry other creditors .. .. .. 2,018,769 47,439,650 9,693,430 Sundry debtors— Fees paid in advance .. .. .. .. 466,707 Other Administrations on money order account 14,578 War Loan Certificate Account .. .. 3,190 Sundry other debtors .. .. .. 1,335,581 Post Office Investment Certificate Account .. .. 86,251 1,350,159 National Savings Fund Account .. .. .. 35,528,202 Postmasters' balances and cash in bank .. 5,108,386 National Savings Bond Fund Account .. .. 6,132,673 Less Savings-bank funds held in balance .. 889,964 Reserve for depreciation and obsolescence .. .. 8,337,758 4,218,422 Fire Insurance Reserve .. .. .. .. 525,000 Interest accrued on investments .. .. .. 502,854 Earthquake and War Damage Reserve .. .. 1,193,509 Profit and Loss Appropriation Account .. .. 1,449,965 £63,416,685 £63,416,685 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.

68

B—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME Rate Account for the Year Ended 31st March, 1949 Capital. Maintenance. Capital. Maintenance. Dr. £ £ Or. £ £ Remissions .. .. .. .. ... 1,540 1,275 Balance as at Ist April, 1948 .. .. .. 5,535 8,943 Transfer to Reserve Fund .. .. .. 1,807 .. Rates struck for 1948-49 year .. .. .. 10,510 11,511 Interest on capital cost .. .. .. 8,148 .. Penalty (10 per cent.) added to rates .. .. 107 109 Cost of maintenance .. .. .. .. .. 19,941 Remissions, transferred to Revenue Account .. 1,526 1,261 Balance as at 31st March, 1949 .. .. .. 6,183 7,201 Subsidy on maintenance costs .. .. .. .. 6,593 £17,678 £28,417 £17,678 £28,417 Revenue Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Interest on loan capital .. .. .. .. .. 17,121 Accrued rent .. .. .. .. .. .. 210 Depreciation on buildings .. .. .. .. .. 295 Interest on capital cost recoverable by rates .. .. .. 8,148 Losses written off— £ Balance, transferred to drainage works not recoverable expenditure 11,847 Plant .. .. .. .. .. .. 2 Maori rates .. .. .. .. .. 2,787 2,789 £20,205 £20,205

69

I B—l [Pt. IV]

RANGITAIKI LAND DRAINAGE SCHEME— continued Treasury Adjustment Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Receipts and Payments Account .. .. .. 11,271 Balance as at Ist April, 1948 .. .. .. ..357,098 Swamp Land Drainage Account: Net transfer .. .. 738 Hauraki Plains Settlement Account : Net transfer .. .. 8 Balance as at 31st March, 1949 .. .. .. ..362,217 Interest on loan capital .. .. .. .. •• 17,120 £374,226 £374,226 Receipts and Payments Account for the Year Ended 31st March, 1949 Receipts Payments Consolidated Fund Miscellaneous revenue— £■ Vote " Lands and Survey" o R a £ eg ~ .. .. .. 27,639 Maintenance of completed works .. .. .. 24,021 Miscellaneous !.1 .. •• •• 7,853 Purchase of buildings .. .. .. .. 2°° 24,221 Transfer to Treasury Adjustment Account .. .. ... 11,271 £35,492 £35,492

70

B—l [Pt. IV]i

Balance-sheet as at 31st March, 1949 Liabilities £ I Assets £ Loan capital .. .. .. .. .. 489,073 Land .. .. .. .. .. .. .. 35 Free capital from Employment Promotion Fund .. . . 891 Drainage works— Reserve Account for repayment of capital cost .. .. 15,092 Recoverable capital expenditure (section 11, Finance Act, 1937, Unpaid purchase-money for land taken .. .. .. 210 No. 2) .. .. .. .. .. .. 205,000 Payments in advance: Rates .. .. .. .. 42 Not recoverable: Capital expenditure and irrecoverable Rate Account— £ interest .. .. .. .. .. 657,224 Capital .. .. .. .. .. 6,183 Plant, machinery, and tools .. .. .. .. 1,710 Maintenance .. .. .. .. .. 7,201 Buildings .. .. .. .. .. .. 4,941 13,384 Goods .. .. .. .. .. .. .. 2,061 Writings-off in Suspense .. .. .. .. .. 2,789 Debtors— £ Treasury Adjustment Account .. .. .. .. 362,217 Rates— Capital .. .. .. .. .. 4,068 Maintenance.. .. .. .. .. 3,503 Miscellaneous .. .. .. .. .. 754 8,325 Cash in transit from Post-office .. .. .. .. 722 Expenditure from Employment Promotion Fund .. .. 891 Losses in Suspense .. .. .. .. 2,789 £883,698 £883,698 I). M. Greig, Director-General of Lands. V. 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.

71

B—l [Pt. IV]

SMALL FARMS SCHEME EX-SERVICEMEN'S SECTION Revenue Account for the Year Ended 31st March, 1949 Dr. £ Or. £ Interest on capital: Loan capital .. .. .. 296,352 Rents receivable .. .. •. •• 42,957 Interest on capital funds of Anderson Grift Trust Account .. 131 Interest receivable : Water-supplies .. .. .. 742 Remissions of rent .. .. .. . . .. 578 Interest on disposal of land and improvements . . .. 53,441 Accident compensation . . .. .. .. .. 2,681 Interest on development expenditure recouped .. .. 128,482 Miscellaneous expenses .. .. .. .. .. 60 Balance: Loss for year carried down .. .. .. 75,698 Capital losses on revaluation, reallotment, &c. .. .. 1,518 Losses on disposal of properties to ex-servicemen— £ Ascertained loss for year .. .. .. 18,0 IT Less recovered from reserve for losses on development of land for ex-servicemen .. .. 18,017 ~ 1— £301,320 £301,320 £ Remission of interest in terms of section 3, Finance Act (No. 3), £ Loss to 31st March, 1948 .. .. .. .. 365,510 1943: Interest on Public Works capital to 31st March, 1948 .. 62,182 Loss brought down .. .. .. .. .. 75,698 Balance: Loss to 31st March, 1949 .. .. •• 379,026 £441,208 £441,208 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, 1949,

72

B—l [Pt. IV]

Balance-sheet as at 31st March, i 949 Liabilities £ Assets £ Capital accounts: Liability to Consolidated Fund under Leased land .. .. .. .. .. .. 1,312,772 section 6, National Development Loans Act, 1941, for funds Blocks under development: Purchase-price of £ provided by Land for Settlements Account .. .. 9,821,032 areas being developed, including value of Reserve from Consolidated Fund for losses on develop- £ education endowment land set aside .. 6,118,955 ment of land for ex-servicemen .. .. 940,000 Gross capital expenditure on development .. 2,523,296 Losses recovered to date .. .. .. 69,008 Expenditure on live-stock and farm working .. 1,161,710 870,992 Chattels .. .. .. .. .. 270,911 Land set aside for small farms : Education endowment land .. 9,590 Consolidated Fund: For interest due on funds provided by 10,074,872 Land for Settlements Account .. .. .. .. 438, 455 Less value of land, &c., disposed of— £ Creditors: Miscellaneous (departmental, &c.) .. .. 12,796 Unimproved value .. .. 208,591 Blocks in course of disposal (not finalized) .. .. 719,789 Improvements .. .. .. 619,166 Payments in advance and accounts in credit— £ 827,757 Rent .. .. .. .. .. 266 9,247,115 Water levies .. .. .. .. 124 Compensation for land taken (recoverable on selection) .. 119,864 Water Supply Account: Maintenance .. .. 163 Water-supply schemes: Headworks .. .. .. 17,847 553 Dairy company shares . . .. .. .. 60 Accrued interest on capital on blocks being developed .. 440,519 Lime company shares .. .. .. .. 40 Writings-ofF in Suspense Account .. .. .. 25,827 Deposits held by dairy companies .. .. 653 Less reserve . . .. .. .. 20 633 Debtors— Rent .. .. .. .. .. 9,448 Water levies .. .. .. .. 960 Disposal of land and improvements .. .. 770,747 Miscellaneous (departmental, &c.) .. .. 14,695 795,850 Interest unrecouped on development expenditure .. 440,519 Losses in»Suspense Account .. .. .. .. 25,827 Revenue Account: Balance carried forward .. .. 379,026 £12,339,553 £12,339,553 D. M. Greig, Director-General of Lands. V. J. H. Pledger, A.K.A.N.Z., Chief Accountant.

73

SOB—I [PT. m

SMALL FARMS SCHEME— continued - " ' f CIVILIANS' SECTION Revenue Account for the Year Ended 31st March, 1949 Dr. 'cr. £ Interest on capital— £ £ Rents receivable .. .. .. .. .. 5,899 Loan capital .. .. .. .. ..'57,079 Interest receivable— £ Consolidated Fund .. .. .. .. 1,365 Current Account mortgage .. .. .. 2,233 58,444 Instalment mortgage .. .. .. .. 16,229 Rebates . .. .. .. .. .. .. 1,629 Share-milkers' loans .. .. .. .. 28 Remissions of rent .. .. .. .. .. 11 Water-supplies.. .. .. .. .. 428 Rent payable .. .. .. .. .. .. 571 Miscellaneous .. .. .. .. .. 9 Accident compensation .. .. .. .. .. 200 18,927 Miscellaneous expenses • .. .. .. .. .. 65 Interest accrued on loan to Napier Harbour Board .. .. 1,611 Irrecoverable debts written off: Instalment mortgage interest 14 Interest on development expenditure recouped .. .. 46,236 Losses on realization of advances to small farm occupiers .. 866 Rebates on superphosphate .. .. .. .. 130 Balance: Profit for year carried down .. .. .. 11,256 Capital profits on revaluation, reallotment, &c. .. .. 253 £73,056 £73,056 £ £ Loss brought forward from 31st March, 1948 .. .. 187,653 Profit for year brought down .. .. .. .. 11,256 Balance : Profit to 31st March, 1949 .. .. .. 305,007 Losses on disposal of developed blocks shown in error in previous years : Accounts not finally closed .. .« .. 2,899 Remission of interest in terms of section 3, Finance Act (No. 3), 1943 : Interest on Public Works capital to 31st March, 1948 478,505 £492,660 £492,660 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, 1949.

74

B—l [ PtJ IV] S

Balance-sheet as at 31st March, 1949 Liabilities Assets £ Capital accounts: Liability to Consolidated Fund Leased land .. .. .. .. .. .. 101,637 under section 6, National Development Loans Unleased land .. .. .. .. .. .. 2,416 Act, 1941, for funds provided by— £ £ Blocks under development— Consolidated Fund .. .. .. 39,000 Purchase-price of areas being developed, includLand Settlement Account .. .. .. 1,670,536 ing value of education endowment lands set £ War Expenses Account .. .. .. 4,842 aside .. .. .. .. .. 378,116 1,714,378 Gross capital expenditure on development .. 2,021,213 Capital Reserve : Special assets taken over at book Expenditure on live-stock and farm working .. 105,447 value .. .. .. .. .. .. 39,453 Chattels (including store buildings) .. .. 39,729 Subsidies— Employment Promotion Fund .. .. 504,294 2,544,505 Consolidated Fund .. .. .. 615,470 Less value of land, &c., disposed of— £ 1,119,764 Unimproved value .. .. 38,847 Land donated .. .. .. .. .. 368 Improvements .. .. 185,524 Land set aside for small farms: Education 224,371 endowment lands .. .. .. .. .. 2,248 2,320,134 Consolidated Fund : For interest due— Loan to Napier Harbour Board— On funds provided by Land Settlement Account 69,270 Ahuriri Lagoon .. .. .. .. 36,507 On capital, Consolidated Fund .. .. 1,365 Accrued interest .. .. .. . . 13,210 70,635 49,717 Creditors— Water-supply schemes: Headworks .. .. .. 14,012 Rent .. .. .. .. .. 19 Advances to small farm occupiers— Miscellaneous (departmental, &c.) .. .. 6,216 Current Account— 6,235 Improvements .. .. 14,654 Payments in advance and accounts in credit— Stock and chattels .. .. 27,825 Rent .. .. .. .. .. 352 42,479 Principal— £ Instalment mortgages .. .. .. 323,337 Current Account mortgages ..13,763 365,816 Instalment mortgages .. .. 285 Advances under share-milking agreements .. .. 549 14,048 Deposits held by dairy companies .. .. 546 Interest— Less reserve .. .. .. .. 136 Current Account .. .. 30 410 Instalment mortgages .. .. 624 Realization Account: Leased areas in course of 654 realization .. .. .. .. .. 5,749 Water levies .. .. .. .. 45 Blocks in course of disposal (not finalized) .. .. 33,231 —<—» -15, -099 • " Water-supply Account: Maintenance .. .. 1,220 Carried forward .. .. .. .. £2,969,400 Carried forward .. .. .. .. £2,893,671

75

B—l [Pt. IV]

SMALL FARMS SCHEME— continued CIVILIANS' SECTION —continued Balance-sheet as at 31st March, 1949— continued Liabitities £ Assets £ Brought forward .. .. .. .. 2,969,400 Brought forward .. .. .. .. 2,893,671 Accrued interest on capital on blocks being developed .. 266, 815 Debtors— Writings-off in Suspense .. .. .. .. 9,224 Rents .. .. .. .. .. 1,255 Revenue Account: Balance carried forward ~ .. 305, 007 Principal— £ Instalment mortgages .. .. 1,174 Share-milkers' loans .. .. 98 1,272 Interest— Current Account .. .. 983 Instalment mortgages .. .. 1,914 Share-milkers' loans .. .. 25 2,922 Water levies .. .. .. .. 421 Miscellaneous (departmental, &c.) .. .. 1,216 7,086 Interest unrecouped on development expenditure .. 266,815 Losses in Suspense Account .. .. .. .. 9,224 Subsidies in respect of blocks disposed of— Employment Promotion Fund .. .. 209,482 Consolidated Fund .. .. .. 164,168 373,650 £3,550,446 £3,550,446 D. M. Greig, Director-General of Lands. Y. J, H, Pledger, A.R,A,N.Z., Chief Accountant,

76

B—l [Pt. IV]

COMBINED SECTIONS Revenue Account foe the Year Ended 31st March, 1949 Dr. £ £ Cr. £ Interest on capital— Rents receivable .. .. .. .. .. .. 48,856 Loan capital .. .. .. .. .. 353,431 Interest receivable— £ Consolidated Fund .. .. .. .. 1,365 Current Account mortgage .. .. .. 2,233 354,796 Instalment mortgage .. .. .. .. 16,229 Interest on capital funds of Anderson Gift Trust Account 131 Share-milkers' loans .. .. .. .. 28 Rebates .. .. .. .. .. 1,629 Water-supplies .. .. .. .. 1,170 Remissions of rent .. .. .. .. 589 Miscellaneous .. .. .. .. .. 9 Rent payable .. .. .. .. .. 571 19,669 Accident compensation .. .. .. .. 2,881 Interest on disposal of land and improvements .. .. 53,441 Miscellaneous expenses 125 Interest accrued on loan to Napier Harbour Board .. .. 1,611 Irrecoverable debts written off: Instalment mortgage Interest on development expenditure recouped .. .. 174,718 interest .. .. .. .. .. 14 Rebates on superphosphate .. .. .. .. 130 Capital losses on revaluation, reallotment, &c. .. 1,265 Balance: Loss for year carried down .. .. .. 64,442 Losses on realization of advances to small farm occupiers 866 Losses on disposal of properties to ex-servicemen— Ascertained loss for year .. .. .. 18,017 Less recovered from reserve for losses on development of land for ex-servicemen .. .. 18,017 £362,867 £362,867 Balance— : £ £ Loss brought forward from 3lst March, 1948 .. .. 553,163 Losses on disposal of developed blocks shown in error previous Loss for year brought down .. .. . . .. 64,442 years: Accounts not finally closed .. .. .. 2,899 Remission of interest in terms of section 3, Finance Act (No. 3), 1943 : Interest on Public Works capital to 31st March, 1948 540,687 Balance: Loss to 31st March, 1949 .. .. .. 74,019 £617,605 £617,605 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, 1949.

77

B—l [Pt. IV]

OS CO © -<SH © CO OS O O CO © H TH CD >0 i—i CO Ttt ■ Tin rt< 00 l> CO 00 »0 O <*} T(H <N t~ © © i—l >0 rH r-J CO T* CO CO rH 10 H CO rH • • i—i ©t- © r- oo to • est- • • •© © • • hOIOTf b <M O I—l • CO - • •© lO © lO I—l CO CO I—l lO(N CO t-H r-( crt t- •># t> © © <m coco c<Tco i—( " OS CO i—H I—l lO COH (N lO !N CO CO © CO CO TjTrH ffi "^2 f—i *43 o . . • • © g • • c • co Ci • • iocq *3 w C "p g I> S| I s » rf<N a a: : :|g_ *: : |: : : :::I : : : : Jo g §> © £ JS | © g 2 I 111 I 14 ll » 1 :: is| « :: ?! :: If :: :: I i : i§: in a j i M s w 8 . f | 2 • • §h«m if > ® Hi Ja * * ©Si "© §* ®©o3*3. •*2 ' °J " & a f J'S-S 'J, J> J It ' II - I 8 g-S S §■§ -s g 1 sWg| I=3 gf! I »-s|£ 1-§ w ST3 © ®S S £© © g gt>j 111 ■all i-SVll'S 111 lil-1 tI-SS9 S Hl-St f T a ®j§ a -s 1 J gla f 1 02 9 "So S Ofi S M 0O"£ 3 §SO S h Igg III|.S Ja §,-|§ isgls I Sg« *3 J* oh 3 - £-Ia a 3 § S <1 ' ~„ 00 02 ©co oq r)<aooo © hoo 22q<jJ *2 2 ©coco © coo ■>#■<# © r~ co oo © © io 5§ H « BSS g 2 d g 3 8 S | >0 ~ 00 10 s j 8.? 3 o 2SS 22 ' 22S *-* 10 * 00 °° 2 f~ © © Tt< • © © © t- • T3 <N © r-H .—( p-4 g ©© fl t~ co © co © 20 ® ©"©- *#*s ~ t-"pj © W. > i 1-1 1 -g 2 •••§«•• •• -o®-- ■• • • co is Cg • * • O • • •• 'TJa** *• • ©oo &S IS I S I , -P S ® -S 1-1 «fi s go -2 31 —.n • d> ... > r—4 . fl< I'll I• • • aB| • : : - : I I- : : ''l « • • * §!-ps-si I*2 »a g . -o . .•• g 1 -e§. ® . 0 -S • • • ©Pn®- ri • • • m § • g 2 5 • © . • 4ir 3 > ® M r-^ 3 a^^r S =S®§ S® I'll ! Jit 5 1 -a* !>. ll ■l-S' s s -i I s II II h, ofl ®2S .. o tw *-' r 3'S 2 T3 S 9 «s g I § r ©I §a •g 43 a S S_-e£ -ST3 2 I'C © -fi CaS® S© - • 5 § OB •I < S ll&l 111 lsi|gl I 'I 8- s s.ts .si? i«iii§* Li -ss^tsi I Hi a|B in 1 in r° jji° ° l ss ir fc

78

B—l [Ft. IV]

Interest— Realization Account: Leased areas in course of realization 5,749 Current Account mortgages .. 30 Debtors— Instalment mortgages .. .. 624 Rents .. .. .. . . .. 10,703 l— £ Water levies .. .. .. .. 169 Instalment mortgages .. .. 1,174 Water-supply Account: Maintenance .. 1,383 Share-milkers' loans .. .. 98 Accrued interest on capital on blocks being developed .. 707,334 Interest— Writings-off in Suspense .. .. .. .. 35,051 Current Account .. .. 983 Instalment mortgages .. .. 1,914 Share-milkers' loans .. .. 25 , Water levies .. .. .. 1,381 Disposal of land and improvements. . .. 770, 747 Miscellaneous (departmental, &c.) .. .. 15,911 Interest unrecouped on development expenditure .. 707, 334 Losses in Suspense Account .. .. .. .. 35,051 Subsidies in respect of blocks disposed of— Employment Promotion Fund .. .. 209,482 Consolidated Fund .. .. .. 164,168 Revenue Account: Balance carried forward .. .. 74,019 £15,551,761 £15,551,761.

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, £707,334 " ; (c) that portion of the loss in the Revenue Account relating to the settlement of ex-servicemen is recoverable on the disposal of the farming properties to ex-servicemen from the reserve for losses created from the Consolidated Fund for the purpose and appearing in the balancesheet above. D. M. Greig, Director- General of 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 expenses incurred by the 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.

79

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME Receipts and Payments Account fob the Year Ended 31st March, 1949 Receipts £ Payments Ordinary Revenue Account: Departmental receipts— Ordinary Revenue Account: Vote 44 Lands and Survey " Rents, swamp drainage lands .. .. ~ . . 351 Drainage works: Maintenance of completed works— £ £ Ra T^ s ~ £ Waihi 1,560 Warni .. .. .. .. .. 2,915 Kaitaia .. .. .. .. .. 2,193 Kaitaia .. ~ ~ t , 4,338 Poukawa .. .. .. .. .. 510 Poukawa .. .. .. .. .. 827 4,263 .... „ 8,080 Upper Pongakawa Stream improvement .. .. .. 2,350 Miscellaneous 9,284 Purchase of plant 13,516 iransfer to Treasury Adjustment Account .. .. .. 6,606 Plant Operating Account .. .. .. 4,192 £24,321 £24,321 Treasury Adjustment Account for the Year Ended 31st March, 1949 Dr ■ Gr. £ Transfer— £ Balance, Ist April, 1948 .. .. .. .. .. 388,199 Vote Lands and Survey Account" .. .. 26 Receipts and Payments Account .. .. .. .. 6,606 xiauraki Plains Settlement Account: Net .. .. 524 Rangitaiki Land Drainage Account .. .. .. 738 Balance, 31st March, 1949 .. .. .. .. 400,336 Interest on capital .. .. .. .. .. 5,343 £400,886 £400,886

80

B—l [Pt. IV]

Rate Accounts for the Year Ended 31st March, 1949 KAITAIA DRAINAGE AREA Special Rate Accounts : Capital Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision, Dr. £ £ Or. £ £ Transfer to reserve .. .. .. .. .. 91 Balance, Ist April, 1948 .. .. .. 6,495 373 Interest charges .. .. .. 2,700 319 Rates levied, 1948-49 .. .. .. .. 2,252 457 Remissions . . . . .. .. .. 844 .. 10 per cent, penalty on unpaid rates .. .. 14 2 Balance, 31st March, 1949 .. .. .. 6,030 422 Remissions, transferred to General Revenue Account 813 £9,574 £832 £9,574 £832 General Rate Accounts : Maintenance Rural Town Rural Town Subdivision. Subdivision. Subdivision. Subdivision, Dr. £ £ Or. £ £ Cost of maintenance .. .. .. .. 1,942 266 Balance, Ist April, 1948 .. .. .. 3,469 449 Remissions .. .. .. .. .. 434 .. Rates levied, 1948-49 .. .. .. .. 1,904 306 Balance, 31st March, 1949 .. .. .. 3,412 490 10 per cent, penalty on unpaid rates .. .. 7 1 Remissions, transferred to General Revenue Account 408 £5,788 £756 £5,788 £756

81

B—l [Pt. IT]

SWAMP LAND DRAINAGE SCHEME— continued WAIHI DRAINAGE AREA Special Rate Accounts : Capital Pukehina Kaikokopu Pukehina Kaikokopu Ward. Ward. ■ Ward; Ward. Dr. £ £ Cr. .£. £ Transfer to reserve .. .. .. .. 65 98 Balance, Ist April, 1948 .. .. .. 955 593 Remissions .. .. .. .. .. 107 154 Rates levied, 1948-49 .. .. .. 325 / 440 Interest charges .. .. .. .. 190 284 10 per cent, penalty on unpaid rates .. .. ..' 5 Balance, 31st March, 1949 .. .. .. 1,025 656 Remissions, .transferred to General Revenue Account 107 154 £1,387 £1,192 £1,387 £1,192 General Rate Accounts : Maintenance Pukehina Kaikokopu Central Pukehina Kaikokopu Central Ward. Ward. Ward. Ward. Ward. Ward. Dr. £ £ £ Cr. £ £ £ Maintenance costs .. .. 51 818 689 Balance, Ist April, 1948 .. .. 1,004 656 563 Remissions .. .. .. 57 187 .. Rates levied, 1948-49.. .. .. 88 . ,920 . .600 Balance, 31st March, 1949 .. 1,041 x 768 474 10 per cent, penalty on unpaid rates .. .. 1:10 . . Remission, transferred to General Revenue Account .. .. .. 57 187 £1,149 £1,773 £1,163 £1,149 £1,773 £1,163

82

B—l [Pt. IV]

POUKAWA DRAINAGE AREA Special Rate Accounts : Capital Dr £ Or. £ Remissions' 31 Balance, Ist April, 1948 1,023 Transfer to reserve .. .. •• •• •• 231 Rates levied, 1948-49 .. .. •• •• >. . Interest charges .. .. .. • • • • 714 10 per cent, penalty added to unpaid rates .. ■ ■ Balance, 31st March, 1949 .. .. •• •• 1,087 £2,063 £2,063 General Rate Accounts : Maintenance Dr. £ Or. ■ £ Cost of maintenance .. .. .. .. •• 510 Balance, Ist April, 1948 .. .. .. •• Remissions .. .. .. .. .. •• 7 Rates levied, 1948-49 ... .. •• •• Balance. 31st March, 1949 .. .. .. • • 896 10 per cent, penalty added to unpaid rates .. .. 11 £!,4!3 £1,413

83

B—l [Pt. IV]

SWAMP LAND DRAINAGE SCHEME— continued Balance-sheet as at 31st Mabch, 1949 Liabilities 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) .. 497,460 Rural subdivision .. .. .. .. 60,000 Less Loans Redemption Account .. .. 11 Town subdivision .. .. .. .. 8,200 497,449 68,200 Reserve: Repayment of capital costs— Excess cost of works not recoverable .. .. 164,770 Kaitaia Drainage Area : Town Subdivision .. 1,196 Interest Account: Amount chargeable to area Waihi Drainage Area— £ capitalized to 31st March, 1940 .. .. 168,958 Pukehina Subdivision .. .. 852 333,728 Kaikokopu Subdivision .. .. 1,278 Waihi Drainage Area— 2,130 Allocated cost of work on which rates are levied— Poukawa Drainage Area .. .. .. 2,743 Pukehina Subdivision .. .. .. 5,000 6,069 Kaikokopu Subdivision .. .. .. 7,500 Rate Accounts— Central Subdivision .. .. .. .. 46,034 Special Rate Accounts : Capital— 58,534 Kaitaia Drainage Area— Upper Pongakawa Stream improvement: Allocated Rural subdivision .. .. 6,030 cost of work on which rates are to be levied .. .. 1,175 Town subdivision .. .. 422 Excess cost of works not recoverable .. .. 28,583 6,452 Interest Account: Amount chargeable to area Waihi Drainage Area— capitalized to 31st March, 1940 .. . . 48,576 Pukehina Subdivision .. .. 1,025 77,159 Kaikokopu Subdivision .. .. 656 Poukawa Drainage Area— 1,681 Drainage works .. .. .. .. 17,494 Poukawa Drainage Area .. .. .. 1,087 Interest Account: Amount chargeable to area ... 1,194 9,220 18,688 General Rate Accounts : Maintenance— Hikurangi Drainage Area— Kaitaia Drainage Area— Drainage works .. .. .. .. 260, 124 Rural Subdivision .. .. 3,412 Less amount written off .. .. .. 184,397 Town Subdivision .. .. 490 3,902 75,727 Waihi Drainage Area— Interest Account: Amount chargeable to area Pukehina Subdivision .. 1,041 capitalized to 31st March, 1940 .. .. 163,068 Kaikokopu Subdivision .. .. 768 238,795 Central Subdivision .. .. 474 Mangawai Drainage Area— 2,283 Drainage works .. .. .. .. 1,878 Poukawa Drainage Area .. .. .. 896 Interest Account: Amount chargeable to works — 7,081 to 31st March, 1939 .. . .. 1,606 Sundry creditors: General .. .. .. .. 8 Payments in advance— 3,484 Rates .. .. .. .. .. 274 Less amount written off .. 3,484 Rent ~ .. ~ ~ .. 11 —, 285

84

B—l [Pt. IV]

Building Suspense .. .. .. .. .. 41 Hari Hari Drainage Area— Drainage Works Suspense .. .. .. .. 637 Drainage works .. .. .. .. 4,355 Plant Working Account .. .. .. .. .. 728 Interest Account: Amount chargeable to area Writing-off in Suspense .. .. .. .. .. 1,743 capitalized to 31st March, 1940 .. .. 3,429 Treasury Adjustment Account .. .. .. .. 400,336 7,784 Unpaid purchase-money on land sold on deferred payment .. .. .. .. .. .. 637 Buildings .. .. .. .. .. .. 480 Buildings loading .. .. .. .. .. 16 Plant and machinery .. .. .. .. .. 24,226 Loose tools .. .. .. .. .. .. 87 Stores on hand .. .. .. .. .. .. 788 Sundry debtors for rates : Drainage Area. Capital. Maintenance. £ £ Kaitaia 1,724 771 .. 2,495 Waihi .. .. .. 1,580 1,235 .. 2,815 Poukawa .. .. .. 4,718 1,263 .. 5,981 Sundry debtors— Rent under section 4 (2), Swamp Land Drainage Amendment Act, 1926 .. .. .. 18 Law-costs .. .. .. .. .. 34 Departmental .. .. .. .. 1,177 1,229 Revenue Account —Waihi Drainage Area : Central Subdivision 28,374 General Revenue Account .. .. .. .. 36,426 Suspense Account —Capital rates remitted : Kaitaia Drainage Area .. .. .. .. .. .. 14,202 Losses in Suspense .. .. .. .. .. 1,743 Cash in transit from post-office .. .. .. .. 10 Cash held in Deposit Account of the Receiver of Land Revenue 25 £923,597 £923,597

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. Greig, Director-General of Lands. Y. 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.

85

B—l [Pt. IV]

TARANAKI MAORI TRUST BOARD Statement of Receipts and Payments for the Year Ended 31 st March, 1949 Receipts Payments Balance as at Ist April, 1948— £ £ £ In bank .. .. .. .. .. 9,080 Marae renovation grants .. .. .. .. .. 365 War loans and National Savings .. .. .. 6,247 Miscellaneous grants .. .. .. .. .. 424 15,327 District Committee grants .. .. .. .. .. 1,200 Compensation grant .. .. .. .. .. 5,000 Education grants .. .. .. .. .. .. 210 Rent .. .. .. .. .. .. .. 311 Special grants .. .. .. .. .. . . 52 Interest .. .. .. .. .. .. .. 175 Health grants .. .. .. .. .. .. 187 Contributions .. .. .. .. .. .. 12 Administration of Board .. .. .. .. .. 648 Credit balance— £ Government stock: War loans .. .. .. 3,000 National Savings .. .. .. .. 4,156 Fixed deposits .. .. .. .. .. 7,200 Post Office Savings-bank : Rehabilitation.. .. 2,000 16,356 In bank .. .. .. .. .. 1,383 17,739 £20,825 £20,825 Statement of Income and Expenditure for the Year Ended 31st March, 1949 Expenditure £ Income £ Marae renovation grants .. .. .. .. .. 1,833 Compensation grant .. .. .. .. .. 5,000 Miscellaneous grants .. .. .. .. .. 462 Interest .. ... . . .. .. . . .. 109 District Committee grants .. .. .. .. .. 1,200 Rent .. .. .. .. .. .. .. 174 Health grants .. .. .. .. .. .. 300 Excess of expenditure over income . . .. . . .. 389 Education grants .. .. .. .. . . .. 210 Special grants .. .. .. .. .. .. 52 Rehabilitation grant .. .. .. .. .. 1,000 Administration of Board .. .. .. .. .. 615 £5,672 £5,672

86

B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Liabilities £ Assets Marae renovation grants .. .. .. .. 7,219 Land and buildings— £ £ Miscellaneous grants ~ . . .. .. .. 450 Balance as at Ist April, 1948 . . . . . . 999 Health grants .. .. .. .. .. .. 623 Less depreciation .. .. .. .. 25 Rehabilitation Reserve Fund .. .. .. .. 7,656 974 General Reserve Fund .. .. .. .. .. 2,318 Furniture and fittings— Depreciation Reserve Fund .. .. .. . . .. 382 Balance as at Ist April, 1948 . . . . .. 75 Sundry creditors .. .. .. .. . . .. 14 Less depreciation .. .. . . .. 4 Office Renovation Fund .......... 4 7l Appropriation Account— £ Sundry debtors . . . . . . . . .. . . 128 Balance as at Ist April, 1948 .. .. 1,867 Office: Payments in advance .. . . .. .. 7 Less excess of expenditure over income .. . . 389 Loan: Manukerihi Pa .. .. . . .. 802 Rehabilitation Reserves investments— 1,478 Government stock .. .. .. .. 1,000 Less transfers to— £ National Savings .. .. .. .. 3,456 General Reserve .. .. .. 52 Fixed deposit .. .. .. .. .. 1,200 Rehabilitation Reserve .. .. 25 Post-office Savings-bank .. .. .. .. 2,000 Depreciation Reserve .. .. 363 7,656 s— Government stock .. .. . . .. 2,000 1,038 National Savings .. .. .. .. 318 Less Secretary's salary: Arrears, 1947-48 .. 50 2,318 Marae renovation : fixed deposit .. . . .. . , 6,000 988 Depreciation Reserve: National Savings .. .. . . 382 Add sundry Marae grants cancelled .. .. 67 Cash balance in hand and in bank .. . . .. .. 1,383 £19,721 £19,721

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 £l5O 17s. 7d. and only the endorsed cheques were produced in support of payments totalling £219 2s. 7d.— J. P. Rutherford, Controller and Auditor-General.

87

B—l [Pt. IV]

DEPARTMENT OF TOURIST AND HEALTH RESORTS Income and Expenditure Account for the Year Ended 31st March, 1949 Expenditure j Income Net loss after charging interest and portion of Head Office Net profit after charging interest and portion of Head Office administration expenses— £ administration expenses— £ Te Aroha .. .. .. .. .. .. 8,238 Rotorua electric system.. .. .. .. .. 3,934 Rotorua Baths.. .. .. .. .. .. 17,038 Tokaanu Hotel .. .. .. .. .. 1,852 Rotorua Gardens .. .. .. .. .. 10,153 Balance (being excess expenditure over income) .. .. 195,785 Rotorua reserves .. .. .. .. .. 2,647 Rotorua wharves and beacons .. .. .. .. 167 Waimangu Round Trip .. .. .. .. .. 3,009 Hotel Waitomo and Caves .. .. .. .. 3,455 Wairakei Hotel .. .. .. .. .. *32,878 Chateau Tongariro .. .. .. .. .. *37, 452 Lake House, Waikaremoana .. .. .. .. 4,097 Morere Hot Springs .. .. .. .. .. 804 Franz Josef Hotel .. .. .. .. .. 2,434 Hermitage Hotel .. .. .. .. .. 14,054 Te Anau Hotel .. .. .. .. .. 5,017 Queenstown .. .. .. .. .. .. 2,186 Milford Hotel .. .. .. .. .. .. 5,874 Milford Track, Cascade Creek, Te Anau steamer .. .. 8,015 Miscellaneous reserves and Little Barrier .. .. .. 2,104 Publicity Branch .. .. .. .. .. 14,882 Passenger Booking Branch .. .. .. .. 5,475 Sydney Office .. .. .. .. .. .. 5,803 Melbourne Office .. .. .. .. .. 4,570 London office .. .. .. .. .. .. 3,325 Expenses minor agencies overseas .. .. .. 365 Subsidies to inland mail-services .. .. .. .. 824 Miscellaneous expenditure not apportioned .. .. 4,811 Interest on National Development Account .. .. 1,894 - £201,571 £201,571 * Includes repairs and renovations for reopening hotels.

88

B—l [Pt. IV]

Treasury Adjustment Account for the Year Ended 31st March, 1949 Dr. Cr. £ Revenue — £ Expenditure— £ Tourist and Health Resorts Control Act and general .. 372,142 Consolidated Fund .. .. .. .. .. 573,034 Internal Affairs Department: Services, Auckland Bureau .. 100 Public Works Fund .. .. .. .. .. 2,047 Customs Department: Services, Sydney Office .. .. 40 Industries and Commerce Department: Furniture transferred 128 Industries and Commerce Department: Furniture transferred 441 Works Department: Supervision, purchase of Franz Josef Treasury — Glacier Hotel .. .. .. .. .. 1,250 Interest, Rotorua Golf Club .. .. .. .. 31 Interest, Rotorua Borough Council .. .. .. 878 Principal, Rotorua Borough Council .. .. .. 1,080 Balance carried down .. .. .. .. .. 201, 747 £576,459 £576,459 £ £ Income and Expenditure Account .. .. .. .. 213,651 Balance brought forward .. .. .. .. .. 298,678 Capital Account increase in fixed assets, 1948-49 .. .. 96,473 Balance brought down .. .. .. .. .. 201,747 Balance carried forward .. .. .. .. .. 216,069 Interest on capital .. .. .. .. .. 25,768 £526,193 £526,193

89

B—l [FT. IV]

1> GO O O 10 crt co co oa CO o H (M I> OS 'M O GO H® r-H CO GO O CM CO (MM rH CO 00 hGOOCOOI O rfl Nh O O I> <N CO OS W3 l> fi HIOO 00 H Tf" rH tc 1© I>-H C-T tH-To F* OlHr-IMIO <N W5 lffl <N CO «© t-H Tfl l-H (M CO 1-H - - • • c 6 -i O -g • • • • 0 •• •• OQO =3 ?-t Oi lH O r> Xfl •§ © * ! * JQ * * • ' * eg • • • • W> rO a 3 . % *S ° ■S js -8 *§ I • • • • o? 2 s S s £ & S fe "2 o § © '•£ 53 Pi pi °oo § § § I § §■«, -g . 0 * ' a *s! " ' ' ' ' "-s ' © F—l & '■ B • ®-ii o 1 ' aS ' ' '' ' « C ' "' '<3 =S ' B 3 111 tL -* 181 1 i|Bl |s . .|sl, .s J| .Hi I .. . i s a?^ 32 „ •-gcs^..a®.S- : .. . „ «s I g |a is |b 3 is Jb ©© fl t! 3 H®® >■ 9«w fl Srt Pi O O a | Stf/! I|S|§||| || j;i |lU|| § s • J- 1 £§ll §al 11 : lilt 111 111 a I !ljj!ffJJlJlJl| II lIMI llif-si P3« 5c K) A PH OPHOO ft H £ •< 1 ' <J.„ t- 05MM5D03 CO CO CO Tfl . lO COCO (M I> rH 22 H .AO HTj?o S &a t> iocs P S O oQ <N rfl i—Hi io .... —j i CO CO CO CO GO .... H Cf? CO GO CO GO §5 S CO 00 C-" CO O MO CO CO <3 <N t- i~H f--i EH 2h JS OS co co i-h H PH... 010 000 .... H ... iocs i—i .... s =+*-•> - - L-I co o CO CO S C- CD t-H <M K l-H ■2 ... s• • • 00 •J ■s . . . . . . . .... .o .... . . . . . 3 ' -P I § O g • * rP © -1 ■3« , §2 si 6l 1> s 3--il &1 -a :I : J 1 111 ||| 1 JJj g 4111 111 ??I! lees' .-fig 3 a ig&g . gO Pnp ©PgO gHfi ffloSe O 6..fi P3P3PSH

90

B —l [Ft. IV]

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91

B—l [Pt. IV]

TUWHARETOA TRUST BOARD Statement of Receipts and Payments for the Year Ended 31st March, 1949 Receipts Payments Balance, 31st March, 1948— £ £ £ New Zealand Government— Grants .. .. .. .. .. .. .. 4,557 Liberty Bonds .. .. .. .. 250 Members' allowances, &c. .. .. .. .. .. 90 Victory Bonds .. .. .. .. 100 Office expenses .. .. .. .. .. .. 189 National Savings .. .. .. .. 1,081 Petty cash expended .. .. .. .. .. 10 Bank of New Zealand .. .. .. .. 677 Sundry unclassified expenses .. .. .. .. 68 2,108 Advances .. .. .. .. .. .. 223 Grant from New Zealand Government .. .. .. 3,000 Balance, 31st March, 1949— £ Interest, National Savings .. .. .. .. .. 32 New Zealand Government Victory bonds .. .. 100 Refunds against advances .. .. .. .. .. 520 National Savings .. .. .. .. 1,113 Excess licences .. .. .. .. .. .. 739 Bank of New Zealand .. .. . . .. 126 Refunds grants .. .. .. .. .. .. 34 1,339 Interest: Liberty Bonds .. .. .. .. .. 34 Fines and penalties .. .. .. .. .. 9 £6,476 £6,476

92

B—l [Pt. IV]

Statement of Bevenue and Expenditure for the Year Ended 31st March, 1949 Expenditure. £ Revenue £ Grants .. .. .. .. .. .. .. 4,523 Grant, New Zealand Government .. .. .. .. 3,000 Members' allowances, &c. .. .. .. .. .. 90 Excess licences .. .. .. .. .. .. 739 Office expenses .. .. .. .. .. .. 189 Interest— £ Petty cash expended .. .. .. .. .. 10 National Savings .. .. .. .. 32 Sundry unclassified expenses .. .. .. .. 68 Loans accounts .. .. .. .. .. 45 Liberty Bonds .. .. .. .. .. 34 11l Fines and penalties .. .. .. .. 10 3,860 Deficit .. .. .. .. .. .. 1,020 £4,880 £4,880 £ £ Deficit .. .. .. .. .. .. .. 1,021 Balance brought forward .. .. .. .. .. 7,284 Balance .. .. .. .. .. .. .. 6,263 £7,284 £7,284

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B—l [Pt. IV]

TUWHARETOA TRUST BOARD— continued Balance-sheet as at 31st March, 1949 Liabilities £ Assets Reserve for depreciation .. .. ~ .. .. 59 Office— £ £ Sundry creditors .. .. .. .. .. .. 34 Furniture .. .. .. .. .. 42 Balance, Income and Expenditure Account .. .. .. 6,263 Appliances .. .. .. .. .. 17 59 Tongariro Timber Owners Claims Account .. .. .. 2., 000 Ngati-Tuwharetoa compensation claims .. .. .. 1,301 Barclay, G. .. .. .. .. .. ... 4 Sundry debtors for advances .. .. .. 1,653 National Savings .. .. .. .. .. .. 1,113 Victory Bonds .. .. .. .. .. .. 100 Bank of New Zealand .. .. .. .. .. 126 £6,356 £6,356 Werihe Te Tuiri, Chairman. P. Alfred Grace, Secretary. The Audit Office, having examined the Balance-sheet and accompanying accounts, required by law to be audited, hereby certifies them to be correct.— J, P, Rutherford, Controller and Auditor-General.

By Authority: R. E. Owen, Government Printer, Wellington. —1950.

Price Is. 9d.]

Approximate Cost of Paper.—Preparation not given ; printing (729 copies), £220.

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