B—l [Pt. IV]

SPECIAL MAORI HOUSING FUND Statement of Receipts and Payments for the Year Ended 31st March, 1949 Receipts £ j Payments £ Balance at Ist April, 1948 .. .. .. .. .. 79,807 Payments (loans for erection of houses, &c.) .. .. .. 76,528 Receipts (interest, repayments of principal, &.c.) 39,033 j Balance at 31st March, 1949 .. .. .. .. 43,494 Grant from Consolidated Fund (equivalent to one-third of Maori j . . . Trust Office profits for 1946-47) .. .. .. .. 1,182 j £120,022 | £120,022 Income and Expenditure Account for the Year Ended 31st March, 1949 Expenditure £ Income £ £ Interest allowed on deposits and credit balances .. .. 142 Interest earned-— Earthquake risk insurance: Fund's proportion .. .. 81 On loans to Maoris .. .. .. .. 6,822 Rented properties— £ On funds held by Maori Trustee .. .. . . 1,363 Rates .. . . .. .. .. .. 69 8,185 Insurance .. .. .. .. .. 27 Insurance rebates .. .. .. .. .. .. 56 Repairs and maintenance .. .. .. 2 Rented properties : Rents received .. .. .. .. 599 Depreciation .. .. .. .. .. 170 Miscellaneous receipts .. .. .. .. .. 15 268 Loss of funds written off .. .. .. .. 32 Excess of income transferred to Special Housing Fund .. 8,332 £8,855 £8,855 I " Special Housing Fund Account as at 31st March, 1949 Dr. £ Cr. £ Balance at 31st March, 1949 .. .. .. .. 226,333 Balance at 31st March, 1948 .. .. .. .. 216,819 Additional grant .. .. .. .. .. . . 1,182 Excess of income over expenditure for year .. .. .. 8,332 £226,333 £226,333

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