B—l [Ft. IV]

Balance-sheet as at 31st March, 1949 Liabilities I _ Assets Loan capital: Land for Settlements Account— £ £ I Advances to Maoris for— £ £ Balance at Ist April, 1948 .. .. .. 166,127 j Businesses (35) .. .. .. .. 12,787 Transfers from other activities .. .. .. 9,709 Farms (46) .. .. .. .. .. 76,739 Withdrawal for year .. .. .. ..113,370 ! Furniture (320) .. .. ..18,656 s (215) .. .. .. .. .. 183,881 Liability to Consolidated Fund for interest on capital .. 8,932 Tools and other measures (9) .. .. .. 734 Credit balances in loan accounts (15) .. .. .. 44 _ Sundry deposits against advances (26) .. .. .. 2,042 Principal .. .. .. .. •• 292,797 Sundry creditors .. .. .. .. • • 424 Interest outstanding . . .. .. .. 355 Suspense Account .. .. .. . • 30 Accumulated revenue— £ Land leased to ex-servicemen .. .. •• •• 2,955 Balance at Ist April, 1948 .. .. .. 103 Sundry debtorsExcess of income for j ear .. .. .. 85 Interest recoverable (difference between interest on Writings-off in Suspense .. . . .. .. . . 11 made) .. .. . . .... 3,252 I Losses on realisation recoverable from Rehabilitation Department . . . . . . .. 382 | Other .. .. .. .. .. 1 j125 Losses in Suspense .. . . .. . . . . 11 £300,877 J £300,877

Note. Prior to the permanent settlement of an ex-serviceman thereon, land acquired for rehabilitation purposes and in the process of being developed 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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