B.—l [PT. IV, Sup.] .

NATIVE DEPARTMENT—NATIVE LAND SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st Mabch, 1924. Liabilities. Astett. £ s. d. £ s. d. Land— £ s. d. £ s. d. Loans—Capital .. .. .. 3,359,426 9 0 Blocks fully acquired and pro - Liabilities to other accounts — claimed .. .. 2,074,394 8 5 Public Works Fund—Advances West Coast Settlement blocks to Maori Land Board repaid 349 9 11 fully acquired and proConsolidated Fund —Interest on claimed .. .. 47,978 14 5 advances to Maori Land Board Blocks partly acquired .. 604,511 5 3 and interest on amount from Interest during purchase on Maori Land Settlement Ac- unleased partly acquired count .. .. .. 2,261 910 blocks .. .. .. 56,829 6 4 Maori Land Settlement Account 2,343 Oil Preliminary expenses on lands 4,954 0 8 under negotiation for purReserves —Capital — chase .. .. .. 1 17 6 Appreciation of assets (land 2,783,715 11 11 proclaimed and lands sold) .. 29,900 4 5 Surveys in progress — Reserves —Revenue — Survey liens in suspense .. 4,244 17 6 Sinking funds (as per contra) .. 32,310 15 2 Survey accounts —Urewera-— Writings-off in suspense (as per Urewera Blocks .. .. 18,656 14 3 contra) .. .. .. 5,593 17 6 Wharepuhunga Block .. 4,920 17 7 Irrecoverable rents .. .. 4,000 0 0 Hauhungaroa Block .. 3,148 19 5 Depreciation, motor-vehicle .. 85 15 0 Rangitoto-Tuhua Blocks .. 106 9 6 ——— — 71,890 12 1 Miscellaneous blocks .. 919 3 9 Sundry creditors — t 31,997 2 0 Lands Department — Miscel- Motor-car .. .. .. .. 245 0 0 laneous .. .. .. 2,303 2 10 Principal instalments not yet Native Department—Purchase- payable— money deductions .. .. 2,532 8 2 Purchase-money of buildings 1,923 1 11 Native Department—Miscel- Purchase-money of land sales 82,837 17 11 laneous .. .. .. 499 17 11 Maori Land Board Advances — 5,335 8 11 From Native Land SettleDeposits on applications to pur- ment Account .. 16,918 4 3 chase lands .. .. .. 9,564 135 From Public Works Fund 1,360 12 6 Rents paid in advance .. ■■ 315 0 9 103,039 16 7 Lands proclaimed (Suspense Ac- Postponed rent .. .. .. 6,765 4 1 count) being excess of Lands Accrued interest (not yet due) Department's valuations over on advances to Maori Land purchase price not yet appor- Boards .. .. .. .. 168 19 8 tioned .. .. .. .. 33,298 4 2 Survey liens — Amounts receivable on behalf of Principal .. .. 178,274 0 0 other accounts—■ Interest .. .. .. 48,184 710 Public Works Fund—Advances 226,458 7 10 to Maori Land Board .. 1,360 12 6 Sundry debtors— Consolidated Fund—lnterest on Principal instalments— above .. .. .. 25 10 6 Sales of land .. .. 387 1 7 1,386 3 0 Sales of buildings .. 185 16 7 Accrued interest on loan capital Advances to Maori Land not yet due .. .. .. 60,437 2 9 Boards .. .. 177 19 6 Interest on sales .. .. 465 14 0 Interest on advances to Maori Land Boards .. .. 463 17 6 Rents .. .. .. 60,208 4 3 Miscellaneous .. .. 393 14 10 62,282 8 3 Writings-off in suspense —Rents, &c. .. .. ~ 5,593 17 6 Revaluation Board reductions in suspense — Capital .. .. .. 2,400 0 0 Rents .. .. .. 301 6 6 8,295 4 0 Sinking Fund Investment Account — N.Z. State - guaranteed Advances Act, 1909 —Held by Public Trustee .. .. 11,976 15 4 Public Debt Extinction Act, 1910 —Held by State Advances Office .. .. 20,333 19 10 32,310 15 2 Cash held by Loans Stamp Duty Deposit Account .. .. .. 116 19 8 Cash balances— Native Land Settlement Account — Cash in the Public Account 29,118 12 1 Imprests outstanding .. 31 12 4 29,150 4 5 Net Revenue Account — Balance as at Ist April, 1923 173,006 1 7 Excess of expenditure over income for 1923-24 after providing for sinking fund 89,055 19 7 —— — 262,062 1 2 £3,546,607 14 9 £3,546,607 14 9 24th July, 1925. R. N. Jones, Under-Secretary. I hereby certify that the Revenue and Interest Accounts 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, except that— (1.) The Revenue Account includes rents to 30th June, 1924. (2.) The portion of the accounts dealing with leased lands has been compiled from copies of unaudited journal entries of the District Land Offices. (3.) Certain requirements as regards future balance-sheets and with reference to the deduction from purchase-money payments, and valuation of land handed to the Lands Department, have been communicated to the Native Department. —J. H. Fowler, Deputy Controller and Auditor-General.

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