B.—l [Pt. IV]

NATIVE TRUSTEE Interest Account, 1943-44 Dr. Or. £ Interest allocated to amounts held under— £ £ Interest on mortgage and other investments .. .. 26,208 Native Land Act, 1931— Part 111 5,798 Part X .. .. .. .. 1,492 Miscellaneous .. .. .. .. 69 Native Trustee Act, 1930 .. .. .. 435 Native Purposes Act, 1931 .. .. .. 87 Maori Purposes Fund Act, 1934-35 .. .. 1,348 Native Housing Amendment Act, 1938 .. 1,650 West Coast Settlement Reserves Act, 1892 .. 205 Miscellaneous funds .. .. .. 230 11,314 Surplus, carried to Revenue Account .. .. .. 14,894 £26,208 £26,208 Revenue Account, 1943-44 Dr. £ Or. £ Administation expenses: Contribution to Consolidated Balance from Interest Account .. .. .. 14,894 Fund .. .. .. .. .. .. 12,200 Commission .. .. .. .. .. 5,116 Department's portion of war-damage premiums on Fees .. .. .. .. .. .. 826 buildings subject to mortgages and charges .. .. 66 Net working profit on properties acquired under mortgage 995 Net profit for year carried down .. .. .. 9,565 £21,831 £21,831 £ £ Net surplus, transferred to Appropriation Account .. 9,762 Net profit for year brought down .. .. .. 9,565 Sundry adjustments in respect of previous years (net) .. 197 £9,762 £9,762 Appropriation Account, 1943-44 Dr. £ Or. £ Donation to National Patriotic Fund .. .. .. 200 Balance, Ist April, 1943 .. .. .. .. 18,042 Allocation of profits for 1941-42— £ Net surplus, transferred from Revenue Account .. 9,762 Paid to Consolidated Fund : One-third .. 3,053 Transferred to Assurance and Reserve Fund : Two-thirds .. .. .. ... 6,105 9,158 Balance, 31st March, 1944 .. .. .. .. 18,446 £27,804 £27,804 Balance-sheet as at 31st March, 1944 Liabilities Assets Amounts held under — £ £ Investments — £ £ Native Reserves Act, 1882 .. .. 63,492 Local bodies'securities .. .. .. 5,100 West Coast Settlement Reserves Act, 1892.. 47,895 Government securities .. .. .. 6,830 Native Land Act, 1931 — £ Short-term investment — £ Part X .. .. .. 53,100 On fixed deposit with bank .. 35,000 Part III: Maori Land Boards 246,496 In Treasury bill .. .. 100,000 Special investment .. .. 350 135,000 Miscellaneous .. .. 7,456 Mortgages .. .. .. .. 386,906 307,402 Advances (on overdraft) to estates and Native Trustee Act, 1930 .. .. 34,813 accounts .. .. .. .. 144,942 Native Purposes Act, 1931 .. .. 1,336 Properties acquired under mortgages .. 16,581 Maori Purposes Fund Act, 1934-35 .. 45,709 695,359 Native Housing Amendment Act, 1938 .. 87,045 Interest and rent due and accrued .. .. .. 16,404 Miscellaneous funds .. .. .. 14,130 Sundry debtors ~ .. .. .. .. 8,519 601,822 Farm stores on hand .. .. .. .. 9 Sundry creditors .. .. .. .. 446 Cash balances—• Reserve against unpaid interest .. .. 1,269 In hand .. .. .. .. 21 Special reserve against claims .. .. 159 At bank .. .. .. .. 13,332 Assurance and Reserve Fund Account .. 117,845 At branches .. .. .. .. 7,391 Investment Fluctuation Account .. .. 1,048 _ 20,744 Profit and Loss Appropriation Account .. 18,446 -—— 138,767 £741,035 £741,035 G. P. Shepherd, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., 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.—Cyril G. Collins, Controller and Auditor-General.

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