B—l [Ft. IV]

DEPARTMENT OF MAORI AFFAIRS— continued MAORI TRUSTEE— continued Balance-sheet as at 31st March, 1949 Liabilities £ £ Assets £ £ Amounts held under— Investments— Maori Reserves Act, 1882 .. .. .. 69,832 Local- body securities .. .. .. 5,000 West Coast Settlement Reserves Act, 1892 .. 56,692 Government securities .. .. .. 634,760 Maori Land Act, 1931— £ Short-term investments: Treasury bills .. 40,000 Part X .. .. .. .. 53,247 Mortgages .. .. .. 296,995 Part III: Maori Land Boards . . 549,097 Advances (on overdraft) to estates and accounts 60,513 Special investment .. .. 350 Properties acquired under mortgage .. .. 11,663 Miscellaneous .. .. .. 7,425 Post Office Savings-bank war service gratuity Maori Trustee Act, 1930 .. .. ..103,233 Maori Hostels Fund . . .. .. .. 15,537 Maori Purposes Fund Act, 1934-35 .. .. 62,442 1,116,641 Maori Housing Amendment Act, 1938 .. .. 37,396 Interest and rent due and accrued .. .. .. 13,302 Ngaitahu Claim Settlement Act, 1944 .. .. 11,444 Cash balances— Ngarimu V.C. and 28th (Maori) Battalion Memorial In hand .. .. .. .. .. 155 Scholarship Fund Act, 1945 .. .. 29,626 At bank .. .. .. .. .. 32,794 Finance Act (No. 2), 1946: Whakatohea claim At branches .. .. .. .. 13,628 settlement .. .. .. .. 21,457 Maori Purposes Act, 1946: Maori Hostels Fund 20,709 46,577 Miscellaneous funds .. .. .. .. 21,956 Less Post Office .. .. .. 907 Sundry creditors .. .. .. .. .. 2,026 Reserves— Assurance and Reserve Fund .. .. .. 119,895 Investment Fluctuation Account .. .. 1,033 Profit and Loss Appropriation Account .. 7,753 | £1,175,613 [ £1,175,613

Notes.—(1) During 1948-49 the balances in the following reserve accounts (which appear in the Balance-sheet as at 31st March, 1948) were transferred to Assurance and Reserve Fund and the accounts were closed : (o) Reserve against unpaid interest, £1,218 ; (b) special reserve against claims, £159. (2) During 1948-49 the sum of £5OO was paid from Assurance and Reserve Fund in terms of section 9 of the Maori Purposes Act, 1948, in connection with" the Rotorua Guesthouse. T. T. Ropiha, Under-Secretary and Maori Trustee. M. J. Lawless, A.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books, documents, and securities submitted for audit, and correctly state the position as disclosed thereby, subject to the departmental notes enfaced thereon.— J. P. Rutherford, Controller and Auditor-General.

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