B—l [PT. IV]

Balance-sheet as at 31st March, 1947 Liabilities \ Assets Loan capital— £ £ Advances to Maoris (561)— £ £ Public Works Account .. .. .. .. 94,429 Principal .. .. .. .. .. 218,508 Land for Settlements Account .. .. .. 98,340 Interest outstanding .. .. .. .. 332 192,769 218,840 Deposits against advances .. .. .. .. 10,664 Sundry debtors .. .. .. .. .. 157 Credit balance in loan accounts (158) .. .. .. 355 Sundry creditors .. .. .. .. .. .. 62 Liability for interest— £ # On Public Works Account capital .. . . .. 6,605 On Land for Settlements Account capital .. .. 4,253 10,858 Accumulated Profit and Loss Account— Balance, Ist April, 1946 .. .. .. .. 2,991 Excess of income over expenditure .. .. 1,298 4,289 £218,997 £218,997 Note.—(1) Separate accounts are published for advances from Special Maori Housing Fund and for the Building Construction Fund; (2) labour subsidies are not recorded in these accounts ; (3) administration expenses are paid from Consolidated Fund, vote " Maori Affairs." G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Income and Expenditure 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

2—B 1 [Pt. IV]

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