B.—l [Pt. IV]

NATIVE DEPARTMENT —continued NATIVE HOUSING ACT, 1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year ended 31st March, 1943 Receipts Payments Repayments by Natives — £ £ Expenditure on dwellings — £ £ Principal .. .. .. .. 11,540 Erections .. .. ■■ 8,885 Interest [contra) .. .. .. .. 5,342 Purchases .. .. .. •• 5,543 16,882 Repairs, additions, &c. .. .. .. 782 Deposits against advances .. .. .. 1,748 - 15|210 Balance : Withdrawal from Land for Settlements Account 1,922 Interest payments to Consolidated Fund (contra) 5,342 £20,552 £20,552 Income and Expenditure Account for the Year ended 31st March, 1943 Expenditure• £ Income £ Interest on loan capital .. .. .. •• 3,810 Interest earned (net).. .. •• •• 4,295 Balance : Excess of income over expenditure .. .. 485 £4,295 £4,295 Balance-sheet as at 31st March, 1943 Liabilities £ Assets Loan capital .. .. •• •• •• 96,352 Loans to Natives — £ £ Deposits against advances .. .. .. .. 1,756 Principal .. .. .. 98,811 Creditors.. .. .. .. •• •• 695 Interest due and accrued.. .. .. 214 Reserve .. .. .. •• 10 ~ 99,025 Accumulated Profit and Loss Account — £ Debtors .. .. .. . . • ■ „ Balance, Ist April, 1942 .. .. .. 732 Interest on loan capital paid in advance .. 1,002 Add excess income over expenditure .. 485 1,005 1,217 £100,030 £100,030 Note. —Separate accounts are published for advances from the Special Housing Fund (Native Trustee). O. N. Campbell, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure Account, and 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 B. I [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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