B—l [Pt. IV]

DEPARTMENT OF MAORI AFFAIRS— continued SPECIAL MAORI HOUSING FUND Statement of Receipts and Payments for the Year Ended 31st March, 1948 Balance, Ist April, 1947 ... 'f. .. 1 I n f ~ Payments £ Receipts (interest, repayments of principal, &c.) ..' 41,'059 Balance ° USeS ' &c ' ) ; 94,397 Grant from Consolidated Fund (equivalent to one-third Maori j ' ' 4 " ' 79,807 Trust Office profits for 1945-46) .. .. .. 1,440 £l74 > 204 Income and Expenditure Account for the Year Ended 31st March, 1948 Expenditure £ , T SrtW ° n , 190 Interest earned-Earthquake-risk insurance : Fund s proportion .. .. 55 On loans to Maoris / 7Q7 £ Rates . 1 " .. 5! On funds held by Maori Trustee" !^0 57 In»uiance . .. .. _ I Insurance rebates Kepairs and maintenance . . . 535 T > ' • * • • •. 44 Depreciation ;; fgf nted P ro P ertles : Rents received 624 7OS Excess of income transferred to Special Housing Fund . . 6,509 Special Housing Fund Account as at 31st March, 1948 Dv. £ Q Balance, 31st Maroh, 1048 ?1«,81# Balance, M April, 1947 «_ Additional grant .. .. .. " " i'4.4.Q Excess of income over expenditure for year.. '' 6'509

40