B—l [Ft. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI LAND DEVELOPMENT AND SETTLEMENT (LAND FOR SETTLEMENTS ACCOUNT) Revenue Account for the Year Ended 31st March, 1949 Dr. £ | Gr. Interest on loan capital .. .. .. .. .. 63,808 Interest on advances under— Amount transferred to Accumulated Revenue Account .. 42,307 Part I, Maori Land Amendment Act, 1936— £ £ £ Land under development .. .. 41,484 Settlers .. .. .. .. 55,883 97,367 Section 340, Maori Land Act, 1931 : Maori Land Boards .. . . .. .. .. 9 Section 48, Maori I,and Amendment Act, 1936 : Settlers . . .. .. . . . . 223 97,599 Stores on-cost, dividends, insurance rebates, store profits, I administration charges .. .. 8,516 £106,115 £106,115 Accumulated Revenue Account for the Year Ended 31st March, 194-9 Dr. £ 1 Gr. £ Amounts written off: Advances to settlers .. .. 9,939 j Balance at Ist April, 1948 .. .. .. .. 395,039 * Amount transferred to IJnrecouped Interest Account .. 213,253 Amount transferred from Revenue Account .. .. .. 42,307 Adjustment of interest on loan capital .. . . .. 709 I Balance at 31st March, 1949 .. .. .. .. 213,445 j £437,346 j £437,346 * Reducing the amount credited to Revenue Account to the amount actually received. Balance-sheet as at 31st March, 1949 Liabilities £ | Assets Land for Settlements Account: Loan capital .. .. 1,828, 546 i Development and settlement— Liability to Consolidated Fund for interest on capital .. 66,456 Development schemes— £ £ , £ Grant from Consolidated Fund for losses on the development Expenditure . . 1,352, 247 of land for the rehabilitation of Maori ex-servicemen .. 50,000 j Crown land not paid for .. 9,445 Employment promotion grant unexpended .. .. 361,022 j —- Sundry creditor: Lands and Survey Department .. .. 9,445 I 1,361,692

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