B.—l [PT. IV

NATIVE TRUSTEE. Revenue Accounts for the Year ended 31st March, 1935. Interest Account. r Expenditure. Revenue. £ s d To Interest allocated to amounts £ s. d. £ s. d. By Interest on mortgage and other investments .. 31,466 3 7 held under— ' Native Land Act, 1931 : Part 111 .. .. 6,208 4 2 Native Land Act, 1931 : Part X .. .. 3,543 19 5 Native Land Act, 1931 : Miscellaneous .. .. 109 3 8 Native Trustee Act, 1930 .. 763 14 5 Native Purposes, 1931 .. 2,060 12 9 West Coast Settlement Reserves Act, 1892 .. 218 3 3 Miscellaneous funds .. 3 2 4 12,907 0 0 Interest on advances under— Native Land Act, 1931 : Section 521 .. .. 6,242 6 10 Finance Act, 1930 (No. 2) : Section 6 .. .. 60 16 5 6,303 3 3 Surplus carried to Revenue Account .. 12,256 0 4 £31/466 3 7 £31,466 3 7 Revenue Account. Expenditure. £ s. d. Revenue. £ s. d. lo Administration expenses : Contribution to Con- By Balance from Interest Account .. 12 256 0 4 solidated Fund of amount fixed to cover the Commissions .. 4 549 g - Native Trustee's proportion of salaries and Pees .. .. .. " '750 19 1 working-expenses .. .. .. 13,000 0 0 Net working loss on properties acquired under mortgage .. .. .. .. 141 4 2 Depreciation— £ s. d. Office furniture .. .. 43 16 4 Mechanical office appliances .. 116 5 45 12 9 Net surplus carried to Appropriation Account .. 4,362 411 "I±Lli 0 m^TTIŌ Ajipropriation Account. Dr " £ s. d. Cr. £ s d lo Reserve against unpaid interest .. .. 1,363 3 6 By Net surplus from Revenue Account .. 4 362 4 11 Assurance and Reserve Pund .. .. 2,699 3 3 Investment Fluctuation Fund .. .. 299 18 2 11 £4,362 4 11 Balance-sheet of the Native Trustee as at 31st March, 1935. Liabilities. Assets Amounts held under— £ s . d. Office fittings, furniture, and £ s. d. £ s d West Coast Settlement Reserves Act, 1892 .. 53,346 9 9 plant, &c. 199 14 5 Native Reserves Act, 1882 .. .. .. 61,086 2 0 Less depreciation" 45 12 9 Native Land Act, 1931 : Part X .. .. 104,826 12 1 jo Native Land Act, 1931 £ s. d. Mortgages and other investments Maori Land Board Funds .. 174,519 0 4 (book value) Special . . .. .. 1, 700 0 0 Local-body securities .. 5,100 0 0 176,219 0 4 Mortgages, including special Miscellaneous .. .. .. .. 6,294 7 2 investments .. .. 510,405 910 Native Trustee Act, 1930 .. .. .. 30,932 15 0 Properties acquired under Native Purposes Act, 1931 . . .. .. 59,103 0 9 mortgage .. .. 12 241 8 0 Miscellaneous funds .. .. .. 6,891 6 11 " ' Native Land Act, 1931 : Sec- 527 746 17 10 tion 521 £ s. d. Less reserve against loss on Advances under .. .. 130,064 611 securities . . 8 325 7 7 Less repayments .. .. 4,239 8 2 ' 519 421 10 3 — Interest and rent due and accrued .. .. 36,900 17 1 125,824 18 9 Advances (on overdraft) to estates and accounts .. 146'786 19 3 Interest accrued .. .. 1,151 16 7 Sundry debtors .. 040 17 k 126,976 15 4 Balances— £ s d Reserve against unpaid interest. . 3,023 0 0 At bank .. .. .. 16 440 4 2 Special reserve against claims .. 215 18 4 Cash in hand .! . . ' 20 2 6 Assurance and Reserve Fund .. 86,191 7 6 At Post Office '' '' 494 19 to Investment Fluctuation Fund .. 5.277 17 0 " " ' „ „ 94,708 2 10 b ' BBs 6 b £720,384 12 2 £720,384 12 2 H. S. King, Deputy Native Trustee. R. L. Jellicoe, A.R.A.N.Z., Accountant. The Audit Office having examined the Balance-sheet and accompanying accounts, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith, subject to the following comment: Advances exceeding the statutory margin of security have been made by the Native Trustee to the East Coast Maori Soldiers' Fund.—G. F. C. Campbell, Controller and Auditor-General.

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