B—l [Pt. IV]

Balance-sheet as at 31st March, 1949 Liabilities £ £ | Assets Loan capital: Land for Settlements Account— I Advances to Maoris (883)— £ £ Balance at Ist April, 1948 .. .. .. 259,084 Principal .. .. .. .. .. 491,176 Transfers from other activities .. .. .. 2,015 Interest outstanding .. .. .. .. 550 Withdrawal for year .. .. .. ..186,185 491,726 44 7,284 Land for allocation as housing-sites .. .. .. 277 Liability to Consolidated Fund for interest on capital . . 14,405 Preparatory costs : Grouped housing sites .. . . . . 11 Credit balances in loan accounts (25) .. .. .. 432 Sundry debtors .. .. .. .. .. 1,960 Sundry deposits against advances (307) .. .. .. 23,037 Losses in Suspense .. .. .. .. .. 13 Sundry creditors .. .. .. .. .. 1,405 Suspense Account .. . . .. .. .. 62 Accumulated revenue— £ Balance at Ist April, 1948 .. .. 6,027 Excess of income for year .. .. 2,785 8,812 Adjustment of interest on loan capital .. 1,463 7,349 Writings-off in Suspense .. .. .. .. .. 13 £493,987 | £493,987 Notes.—(1) Separate accounts are published for the Building Construction Fund and for advances from the Special Maori Housing Fund; (2) labour subsidies are not recorded in these accounts ; (3) administration expenses are paid from Consolidated Fund, vote " Maori Affairs." 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.

37