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, 1944 Receipts Payments Repayments by Natives: — £ £ Expenditure on dwellings:— £ £ Principal .. .. .. . • 12,884 Erections .. .. .. ~ 6,528 Interest (contra) .. .. .. .. 4,394 Purchases .. .. .. 8,129 • 17,278 Repairs and additions .. .. .. 1,218 Deposits against advances .. .. .. .. 777 Miscellaneous .. ~ .. .. 213 Recovery of interest overpaid to Consolidated Fund .. 1,003 16,088 Balance: Withdrawal from Land for Settlements Account 2,482 Refund of deposit .. .. .. .. .. 1,058 Interest payments to Consolidated Fund (contra) .. 4,394 £21,540 £21,540 Income and Expenditure Account for the Year ended 31st March, 1944 Expenditure £ Income £ Interest on loan capital .. .. .. .. 3,904 Interest earned (net).. .. .. .. .. 4,318 Balance : Excess income over expenditure .. .. 475 Insurance rebates and on cost .. .. .. 61 £4,379 £4,379 Balance-sheet as at 31st March, 1944 Liabilities Assets Loan capital— £ £ Loans to Natives: — £ £ Public Works Account .. .. .. 94,429 Principal .. .. .. .. 100,902 Land for Settlements Account .. .. 4,404 Interest .. .. .. .. 138 98,833 101,040 Deposits against advances .. .. .. .. 1, 002 Debtors.. .. .. .. .. 7 Accumulated Profit and Loss Account — Interest on loan capital paid in advance .. 490 Balance, Ist April, 1943 .. .. •• 1,217 497 Adjustments .. .. .. .. 10 Add excess income over expenditure .. 475 1,702 £101,537 £101,537 Notes. —(1) Separate accounts are published for advances from the Special Native Housing Fund; (2) labour subsidies are not recorded in these accounts. G. P. Shepherd, 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 8.-l [Pt. IV]. —J, P. Rutherford, Deputy Controller and Auditor-General,

4 —B. 1 [PT. IV

25