B.—l [PT. IV], SUP. to 1935.

NATIVE LAND DEVELOPMENT SCHEMES—continue^ Balance-sheet as at 31st March, 1935. Liabilities. Assets t , ,) !-i- i s. d. £ s. d. Native Land Development: AcLoan capital— .. .. 797,205 12 6 counts of units- £ s d £ „f] Liability to Consolidated Fund : Principal .. .. 270 942 10 2 Advances under section 8, Interest ' s'nsn « q Finance Act, 1929— £ s d merest 8,080 6 9 T p r° ip t al ■/,' '• o®'f° 2 0 Settlement expenditure (settlers ' 16 " Interest on loan capital .. 32,970 12 6 not yet determined) .. 404,881 14 7 o j ... 37,970 12 6 Advances under subsection (7), Sundry creditors- section 522 Natiye L d Departmental .. .. 1,318 8 9 1931 ' « finn ~ n Tokerau Maori Land Board (prin- " " ' 0 „ eipal, £7,015 3s. lOd. ; interest, Advances 407,681 14 7 £285 ss. lid.) .. .. 7,300 9 9 Native Trustee, under section General .. .. .. 18,471 16 6 521, Native Land Act, 1931 .. 125,824 18 9 ~ .tt i ~, . " 27,090 15 0 Interest accrued .. .. i 151 16 7 Maori Unemployment Grant Account .. .. 41,042 17 7 _______ Writings off in suspense 7,545 8 8 Maori Land Boards, under section ' 340, Native Land Act, 1931 .. 7,164 4 2 Interest accrued . . .. 95 14 1 n , .P1 , 7,259 18 3 Oturei Block .. .. 652 13 g Interest accrued .. .. 13 0 4 r> w * 7 . , , 665 14 0 -Departmental motor-vehicles .. .. . . [ 878 g 7 Surveyors'equipment .. .. . 'ooi o 9 Sundry debtors— £ g _ Departmental .. .. 44,537 2 0 Miscellaneous .. .. 4,937 3 0 Advances to Maori Land Boards (instalments — principal, £368 6s. Bd.; interest, £260 16s. Bd.) 629 3 4 Advances to Natives : Interest.. 72 16 0 : 50,176 4 4 -Losses 111 suspense .. .. ~ 7 545 8 8 Cash in Deposits Account: Miscellaneous .. 4,499 15 2 Net Revenue Account, Ist April, £ s. d. 1934 •• .. 29,196 6 6 Less adjustments previous years (net) • • .. . . 45 610 29,150 19 2 Less excess of income over expenditure for year ended 31st March, 1935 .. .. 4,293 16 11 — 24,857 2 3 £910,855 6 3 £910,855 6 3 Note. Included in the Crown Lands Balance-sheet are the following assets which are under the control nf Hi.- \r.,11 , W Nga-ahanga Bbck (Waihua Native Land Development Scheme), 1 5 ,646 ol S i(^ Native-land development areas proclaimed subject to section 522, Native Land Act 1931 £6 535 Is 7d These * tto «,,, to toe Crown of to, «pM*. oflands or Into»» in l.id, now .«■"»» ' T ? "2?"' safiSr 1 * p " « - —»•"»"«»■'<* «*»». - w-3r2ira£KSfl O. N. Campbell, Under-Secretary. R. L. Jellicoe, A.R.A.N.Z., Accountant. I hereby certify that the 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 departmental notes _ enfaced thereon. The following comments are appended : (1) The loading of the various schemes for administration expenses is not sufficient to cover the full cost ; (2) moneys expended out of the surveys of Native Land Account on Native-land development schemes have not been recouped.—G. F. C Campbell Controller and Auditor-General. >

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