B—l [Pt. IV]

NATIVE LAND DEVELOPMENT AND SETTLEMENT Interest Account for the Year ended 31st March, 1945

Dr. £ Cr. £ Interest on loan capital .. .. .. .. .. 84,405 Interest on advances under Part I, Native Land AmendInterest on advances from Consolidated Fund under section 8, ment Act, 1936— Finance Act, 1929 . . .. .. .. .. 72 Land under development .. .. .. 39,670 Amount transferred to Revenue Account .. .. .. '4,754 Settlers .. .. .. .. .. 49,232 88,902 Interest on advances under— Section 340, Native Land Act, 1931 (Maori Land Boards) .. .. .. .. .. 19 Section 48, Native Land Amendment Act, 1936 (Native settlers) .. .. .. .. 306 Oturei mortgage .. .. .... 3 Rehabilitation : Business and furniture loans .. 1 329 £89,231 £89,231 Revenue Account for the Year ended 31st March, 1945 Dr. £ Cr. £ Amount transferred to Net Revenue Account .. .. 44,934 Amount transferred from Interest Account .. .. .. 4,754 Store oncost, profit and insurance rebates .. .. .. 5,339 Departmental charge on amounts— £ Expended on land under development .. .. 14,888 Advanced to settlers .. .. .. .. 19,953 34,841 £44,934 " £44,934 Net Revenue Account for the Year ended 31st March, 1945 Dr. £ £ Or. £ Amounts written off— Balance, Ist April, 1944 .. .. .. .. .. 219,741 Expenditure on land under development .. .. 485 Amount transferred from Revenue Account .. .. .. 44,934 Advances to settlers .. .. .. .. 50 Previous year's profits : Recoveries, sale surplus equipment .. 3 535 Balance, 31st March, 1945... .. .. .. .. 264,143 £264,678 £264,678

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