B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued SPECIAL MAORI REHABILITATION ASSISTANCE (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account foe the Year Ended 31st March, 1947 Receipts Payments £ Repayments by Maoris— £ £ Advances to Maoris .. .. .. .. ..15,792 Principal .. .. .. .. .. 3,465 Interest .. .. .. .. .. 84 3,549 Interest concessions from War Expenses Account .. .. 127 Balance (withdrawal from Land for Settlements Account) .. 12,116 £15,792 £15,792 Income and Expenditure Account for the Year Ended 31st March, 1947 Expenditure £ Income £ Interest on loan capital .. .. .. .. .. 362 Interest earned .. .. .. .. .. .. 429 Balance, being excess of income over expenditure .. .. 72 Insurance rebates .. .. .. .. .. .. 5 £434 £434 Balance-sheet as at 31st March, 1947 Liabilities • £ Assets £ Loan capital, Land for Settlements Account .. .. .. 15,039 Advances to Maoris (140) : Principal .. .. .. 15,291 Liability to Land for Settlements Account for interest .. .. 424 Sundry debtors .. .. .. .. .. .. 278 Sundry deposits against advances (8) .. .. .. 35 Accumulated Profit and Loss Account .. .. .. 71 £15,569 £15,569 Note.—These accounts relate only to furniture loans, business loans, and miscellaneous advances. Loans relating to farming and housing are included in the accounts published for Maori Land Development and Settlement and the Maori Housing Act, 1935. Gr. 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.

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