B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI LAND DEVELOPMENT AND SETTLEMENT SCHEMES— continued Balance-sheet as at 31st March, 194/7 Liabilities | Assets Loan capital— £ £ | Development and settlement development Public Works Account .. .. .. 2,212,543 ! schemes— £ £ Land for Settlements Account .. Dr. 151,955 Expenditure .. .. .. .. 1,175,645 2,060,588 Crown lands not paid for .. .. .. 9,445 Liability to Consolidated Fund— Advances under section 8, Finance Act, 1,185,090 1929: Principal .. .. .. .. 1,800 Unrecouped and accrued interest .. .. 172,650 Interest on loan capital (Public Works £ Unrecouped and accrued departmental charges 31,159 Account) .. .. .. 112,742 Interest on loan capital (Land for Settle- 1,388, 899 ments Account) .. .. Dr. 18,096 Advances to settlers .. .. .. 1,232,233 9 4,646 i Advances under section 48, Maori Land Amend96,446 | ment Act, 1936, and including accrued interest 26,550 Grant from Consolidated Fund for losses on development of j 2,647,682 Maori land for rehabilitation .. .. .. .. 50,000 | Advances (including accrued interest) : Maori Land Boards Sundry creditors— £ \ under section 340, Maori Land Act, 1931 .. .. 345 Land and Survey Department .. .. 9,445 j Sundry debtors .. .. .. .. .. 341 Employment promotion grant unexpended .. 90,962 [ Losses in Suspense .. .. .. .. .. 15,942 100,407 | Writings-off in Suspense .. .. .. .. 15,942 j Net Revenue Account— £ Balance, Ist April, 1946 .. .. .. 294,826 Add net increase for 1946-47 .. .. 46,101 340,927 £2,664,310 £2,664,310

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