B—l [Ft. IV]

DEPARTMENT OF MAORI AFFAlRS— continued MAORI HOUSING ACT, 1935 (LAND FOR SETTLEMENTS ACCOUNT) Receipts and Payments Account for the Year Ended 31st March, 1948 • Receipts Payments Repayments by Maoris £ £ Expenditure on dwellings— £ £ Principal .. .. .. .. .. 41,103 Purchases .. .. .. .. .. 11,252 Interest .. .. .. .. .. 10,467 Erection .. .. .. .. ..124,386 Deposits against advances .. .. .. .. 7,402 j Miscellaneous .. .. .. .. . . 432 Rehabilitation interest concessions .. .. .. .. 151 : 144,816 Balance, withdrawal from Land for Settlements Account .. 86,578 j Refunds of deposits .. .. .. .. .. 885 £145,701 | £145,701 Revenue Account for the Year Ended 31st March, 194-8 Expenditure « £ j Income £ £ Interest on loan capital .. .. .. .. .. 9,037 ! Interest charged to loan accounts .. .. .. 10,934 Balance, being excess of income over expenditure .. .. 1, 738 i Less interest allowed on credit balances .. .. 218 10,716 Insurance rebates .. .. .. .. .. .59 £10,775 £10,775 Balance-sheet as at 31st March, 1948 Liabilities £ I Assets Loan capital: Land for Settlements Account .. .. 259,084 j Advances to Maoris (653)— £ £ Deposits against advances VnQfH /15,597 j Principal .. .. .. .. 300,673 Credit balances in loan accounts f L 460 j Interest outstanding ... .. .. .. 581 Sundry creditors .. .. .. .. .. 67 | 301,254 Liability to Consolidated Fund for interest on capital .. 19,896 ■ Suspense .. .. . . . . . . .. 123 j Accumulated Revenue Account— £ Balance, Ist April, 1947 .. .. .. 4,289 Excess of income over expenditure, 1947-48 .. 1,738 6,027 j » I £301,254 £301,254

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