B—l [Pt. IV

SPECIAL NATIVE HOUSING FUND Statement op Receipts and Payments for the Year ended 31st March, 1946 Receipts £ Payments £ Balance, Ist April, 1945 .. .. .. .. .. 114,773 Payments: Loans for erection of houses, &c. .. .. 18,763 Receipts: Interest, repayments of principal, &c. .. 24,501 Balance, 31st March, 1946.. .. .. .. .. 123,632 Grant from Consolidated Fund equivalent to one-third Native Trust profits, 1943-44 .. .. .. .. 3,121 £142,395 £142,395 Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ | Income Interest allowed on deposits, &c. .. .. .. .. 122 Interest earned— £ £ War-damage insurance: Fund's proportion .. .. 38 On loans to Maoris .. .. .. .. 3,411 Miscellaneous .. .. .. .. .. .. 15 On funds held by Native Trustee .. .. 2,040 Rental properties— £ 5,451 Rates.. .. .. .. .. .. 54 Insurance rebates .. .. .. .. .. 30 Insurance .. .. .. .. .. 28 Rented properties : Rents received .. .. .. 590 Depreciation .. .. .. .. .. 140 222 Excess of income over expenditure transferred to Special Housing Fund .. .. .. .. .. .. 5,674 £6,071 £6,071 Special Housing Fund Dr. £ Or. £ Balance, 31st March, 1946 .. .. .. .. 200,740 Balance, Ist April, 1945 .. .. .. .. .. 191,945 Additional grant .. .. .. .. .. 3,121 Excess of income over expenditure .. .. .. 5,674 £200,740 £200,740

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