B.—l [Pt. IV]

NATIVE DEPARTMENT —continued SPECIAL NATIVE HOUSING FUND Statement of Receipts and Payments for the Year ended 31st March, 1943 Receipts £ Payments £ Balance, Ist April, 1942 .. .. .. .. -92,127 Total payments .. .. .. .. .. 18,034 Grant from Consolidated Fund equivalent to amount Balance, 31st March, 1943 .. .. .. .. 04,849 of Native Trust Office profits (1940-41), paid to Consolidated Fund revenue .. .. .. • ■ 2, 001 Other receipts .. .1 ■■ 18,755 £112,883 £112,883 Income and Expenditure Account for the Year ended 31st March, 1943 Expenditure Income £ Rented properties— £ £ Rented properties: Rents .. .. .. 507 Rates .. ■. • • • ■ .. 40 Interest earned — £ Insurance .. .. .. .. ..36 On loans to Natives .. .. .. 3,361 Repairs .. .. . • ■ • . . 2 On funds held by the Native Trustee and Maori Depreciation.. .. .. •• 125 Land Boards .. .. .. ..1,810 — 203 5,171 War-damage insurance: State's proportion .. 110 Insurance rebates .. .. .. ~ .. 17 Excess income over expenditure for year, carried down 5,382 £5,695 £5,695 £ £ Adjustments previous year (net) : Rented properties 14 Balance, brought down .. .. .. .. 5,382 Balance, transferred to Housing Fund .. .. 5,379 Adjustment previous years .. .. .. .. 11 £5,393 £5.393 Balance-sheet as at 31st March, 1943 Liabilities £ Assets Special Native Housing Fund .. .. •• 174,537 Land not yet built on— £ £ Deposits and credit balances against advances .. 3,829 Purchased .. .. .. .. .. 375 Creditors .. .. .. • • ■ • 84 Donated . . . .. . . 25 400 Rented properties — £ Acquisition land and improvements .. 460 Erection eleven cottages .. .. 4,442 4,902 Erection two huts on Crown land .. 124 5,026 Vacant section .. .. .. .. 153 5,179 Less Depreciation Reserve .. .. 179 5,000 Loans to Natives— Principal.. .. .. .. .. 77,984 Interest due .. .. .. .. 137 i 78,121 Debtors . . .. . . .. .. .. 80 Cash balances — With Maori Land Boards .. .. .. 14,307 With Native Trustee .. .. .. 80,542 94,849 £178,450 £178,450 Special Native Housing Fund £ £ Balance, 31st March, 1943 .. .. •• •• 174,537 Balance, Ist April, 1942 .. . . .. .. 167,157 Additional grant .. .. .. .. . . 2,001 Excess income over expenditure .. .. 5,379 £174,537 £174,537 Explanatory Note.—To enable the Board of Native Affairs to exercise fully its powers and functions in respect of Natives who, in the opinion of the Board, are unable to furnish the security required under the Native Housing Acts and for the purpose of assisting the most urgent and necessitous cases, a Special Native Housing Fund has been established by section 18, Native Housing Amendment Act, 1938, consisting of grants totalling £155,633 which have been paid into the Native Trustee's Account for disbursement through the Maori Land Boards as directed by the Board of Native Affairs. All interest, repayments of principal, and other accumulations belong to the Fund and may be utilized in granting advances for housing purposes. O. N. Campbell, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and Balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.1 [Pt. IV]. The following comment is appended : Part of the money provided for employment-promotion in connection with Native housing has not been recorded in the Balance-sheet. —Cyril G. Collins, Controller and Auditor-General.

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