B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued SPECIAL MAORI HOUSING FUND— continued Balance-sheet as at 31st March, 1947 Liabilities £ Assets Special Maori Housing Fund .. .. .. .. 208,870 Land not yet built on— £ £ Deposits held against advances (132) .. .. .. 10,932 Purchased .. .. .. .. .. 397 Credit balances in loan accounts (9) .. .. .. 325 Donated .. .. .. .. .. 25 Sundry creditors ... .. .. .. .. .. 33 422 Huts: Temporary accommodation (5) .. .. .. 337 Rented properties— Acquisition of land and improvements .. .. 669 Erection of cottages (13) .. .. .. 4,678 5,347 Less Depreciation Reserve .. .. .. 718 4,629 Loans to Maoris— Principal outstanding (413) .. .. .. 82,686 Interest outstanding .. .. .. .. 189 82,875 Sundry debtors .. .. .. .. .. .. 190 Suspense .. .. .. .. .. .. 2 Cash balances on deposit with— £ Maori Trustee .. .. .. .. .. 126,304 Maori Land Board .. .. .. .. 5,401 131,705 £220,160 | £220,160 Notes.—(a) To enable the Board of Maori Affairs to exercise fully its powers and functions in respect of Maoris who, in the opinion of the Board, are unable to furnish the security under the Maori Housing Act and for the purpose of assisting the more urgent and necessitous cases, a Special Maori Housing Fund has been established by section 18, Maori Housing Amendment Act, 1938, consisting of grants totalling £166,824, which together with interest earned and other revenue, is held by the Maori Trustee for disbursement through the Maori Land Boards as directed by the Board of Maori Affairs. All interest, repayments of principal, and other accumulations belong to the Fund and may be utilized in granting advances for housing purposes. (b) Labour subsidies are not recorded in these accounts. 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.

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