B—l [Pt. IV]

Accumulated Revenue Account .. .. .. .. 213,445 £ Writings-off in Suspense .. .. .. .. 17,236 Unrecouped interest.. 189,831 Accrued interest .. 33,524 223,355 1,585,047 Advances to settlers— Expenditure .. .. 1,128,503 Unrecouped interest .. .. 23,422 1,151,925 Advances under section 48, Maori Land Amendment Act, 1936 .. .. .. .. 4,980 Advances under section 340, Maori Land Act, 1931, including accrued interest .. .. 215 2,742,167 Less Unrecouped Interest Account .. 213,253 2,528,914 Losses in Suspense .. .. .. .. .. 17,236 £2,546,150 £2,546,150

Notes.— (1) Expenditure from employment promotion grants on development schemes since inception and amounting to £2,128,527 is not included in the development and settlement expenditure above; (2) Administration expenses have been paid from Consolidated Fund, vote " Maori Affairs," since Ist April, 1936, prior to which the salaries and expenses of Field Supervisors were paid from Land for Settlements Account, vote " Maori Land Settlement," and were debited in those years to Revenue Account. T. T. Ropiha, Under-Secretary. M. J. Lawless,'A.R.A.N.Z., Chief Accountant. I hereby certify that the 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 departmental notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV] and to the following comments : (1) The loading of the various schemes for administration expenses is not sufficient to cover the full cost; (2) moneys expended out of the " Surveys of Maori Land Account" on Maori land-development schemes have not been recouped ; (3) in the opinion of the Audit Office, expenditure from the Public Works Fund on Maori landdevelopment areas incurred prior to the assumption of control by the Maori Affairs Department and included in the Crown Lands Balance-sheet should be reflected in the accounts of the Maori land-development schemes— J. P. Rutherford, Controller and Auditor- General.

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