B.—l [PT. IV], Sup. TO 1935.

MAORI PURPOSES FUND CONTROL BOARD —continued. Income and Expenditure Account for the Year ended 31st March, 1935. Expenditure. Income. To Educational grants— £ s. d. £ s. d. By Native Trust Office: Interest at 3|-per cent, to £ s. d. Special scholarship .. .. 436 0 0 31st March, 1935.. .. .. .. 2,026 5 9 Expenses of assisted students Balance: Excess of expenditure over income attending Massey College .. 410 0 transferred from accumulated funds.. .. 2,150 2 0 440 io 0 Miscellaneous grants .. .. .. 3,452 0 3 Administration expenses — Audit fee .. .. .. 9 9 .0 Salaries .. .. .. 94 10 0 Commission .. .. .. 60 0 0 Depreciation .. .. .. 119186 283 17 6 £4,176 7 9 £4,176 7 9 Balance-sheet as at 31st March, 1935. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Tuakau Maori Hostel Eund .. .. .. 250 0 0 Office furniture and equipment .. 172 11 2 Maori Arts and Crafts School Eund : Carnegie grant 1,916 12 0 Equipment for meetings .. .. 65 19 6 Ngati-Kahungunu Trust Eund .. .. 10 0 0 Raukau Meeting-house Fund .. .. .. 164 8 3 238 10 8 Ruatoki Meeting-house Eund .. .. . . 41 0 0 Less depreciation .. .. 61 3 7 Sundry creditors .. .. .. ■ . 9 11 7 177 7 1 £ s. d. Cottages at Rotorua .. .. 472 0 0 Accumulated funds at Ist April, 1934 59,144 1 1 Add expenditure previous years Less adjustments previous years 196 5 0 capitalized .. .. .. 315 0 58,947 16 1 475 15 0 Less excess of expenditure over Less depreciation .. .. 15 15 10 income transferred to Income 459 19 2 a.nd Expenditure Account .. 2,150 2 0 Maori arts and crafts workshop at 56,797 14 1 Rotorua .. .. .. 363 8 3 Less depreciation .. .. 11119 351 16 6 Austin motor-vehicle .. .. 156 16 11 Less Depreciation Reserve .. 37 18 1 118 18 10 Cash with Native Trustee .. .. .. 58,081 4 4 £59,189 5 11 £59,189 5 11 R. Masters, Chairman. H. R. H. Balneavis, Secretary.

I hereby certify that the Receipts and Payments Account, Income and Expenditure Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the following comment: That there is no security for the expenditure from the fund in connection with the erection of buildings on lands occupied by the Maori Arts and Crafts Board in the Rotorua District. —G. F. C. Campbell, Controller and Auditor-General.

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