B—l [Ft. IV]

Balance-sheet as at -31 st March, 1948 Liabilities £ „ . /oom Asseis £ £ Loan capital: Land for Settlements Account .. •• 1 66,127 Advances to Maoris (38 J) 169 616 Liability to Consolidated Fund for interest on capital .. 4,048 Principal .. •• •• •• •• gg Credit balances in loan accounts (10) •• •• Interest .. .. •• •• 169,652 Sundry deposits against advances (47) .. ' ioi tri .... l'9lB Sundry creditors .. •• •• •• •• 121 *' ' 10"S«! Arable in tere ,t on 33 fpit al and recoveries from advances) .. .. 958 103 Other .. ••■• • • • • 98f . £172,556 £172,556 Note.— These accounts relate to loans for furniture, tools, houses, business, farms, and miscellaneous advances. Landßequired [for q r ®^ lkt^ 1 ° I | purposes in the process of being developed and prior to the permanent settlement of an ex-serviceman is included in a separate set of accounts, Maori Land Development and Settlement. T. T. Ropiha, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Statement of Receipts and Payments, Revenue 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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