B—l [Pt. IV]

Liabilities Assets Loan capital— £ £ Development and settlement— £ £ Public Works Fund .. .. .. 2,212,543 Development schemes— Land for Settlements Account Dr. 129,015 Expenditure .. .. 1,013,706 2,083,528 Crown lands not paid for .. .. .. 9,445 Liability to Consolidated Fund— Advances under section 8, Finance Act, 1929: 1,023,151 Principal .. .. .. .. 1,800 Unrecouped and accrued interest .. .. 154,350 Interest on loan capital .. .. .. 67,142 Unrecouped and accrued departmental charges 23,863 68,942 Sundry creditors— 1,201, 364 Employment promotion grant unexpired .. 20,502 Advances to settlers .. .. .. 1,237,688 Lands and Survey Department .. .. 9,445 Advances under section 48, Native Land Sundry .. .. .. .. 447 Amendment Act, 1936, including accrued 30,394 interest .. .. .. 5,981 Writings-off in Suspense .. .. .. .. 13,404 2,445,033 Net Revenue Account— Advances (including accrued interest)— Balance, Ist April, 1944 .. .. .. 219,741 Maori Land Boards, under section 340, Native Add net increase for 1944-45, including adjust- Land Act, 1931 .. .. .. .. 465 ments for previous years .. .. 44,402 For businesses, furniture, &c. (rehabilitation) 162 264,143 627 Losses in Suspense .. .. .. .. .. 13,404 Sundry debtors .. .. .. .. .. 1,347 £2,460,411 £2,460,411 Notes.—(1) Expenditure from employment promotion grants on development schemes since inception, amounting to £1,948,742, is not included in the development and settlement expenditure above; (2) administration expenses have been paid from Consolidated Fund, vote " Native," since Ist April, 1936, prior to which the salaries and expenses of the Field Supervisors were paid from vote " Native Land Settlement " and were debited in those years to Revenue Account. Q p ShepkebD; Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Revenue Account and Balance-sheet 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 departmental notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV], and to the following comments : (1) the loading of the various schemes for administration expenses is not sufficient to cover the full cost; (2) moneys expended out of the " Surveys of Native Land Account " on Native land development schemes have not been recouped ; (3) in the opinion of the Audit Office expenditure from the Public Works Fund on Native land development areas incurred prior to the assumption of control by the Native Department and included in the Crown Lands Balancesheet should be reflected in the accounts of the Native land development schemes,— J. N P. Rutherford, Controller and AuditorGeneral.

NATIVE DEPARTMENT— continued NATIVE LAND DEVELOPMENT AND SETTLEMENT— continued Balance-sheet as at 31st March, 1945

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