B.—l [PT. IV], SUP. to 1936.

NATIVE LAND DEVELOPMENT SCHEMES. Interest Account for the Year ended 31st March, 1936. £ s. d. Interest on amounts expended on development £ s. d. Interest on loan capital .. .. .. 35,517 15 2 schemes and advances to units .. .. 38,796 19 1 Interest on advances from Consolidated Fund under Interest on advances under section 340, Native Land section 8, Finance Act, 1929 .. .. 200 0 0 Act, 1931 (Maori Land Boards) . . ... 278 0 0 Interest on unpaid balance of development expendi- Interest on advances under section 521, Native Land ture, Tokerau District Maori Land Board .. 158 1 8 Act, 1931 (Native Trustee) .. .. .. 5,612 14 3 Balance, transferred to Revenue Account .. 8,988 16 7 Interest on advances under subsection 7, section 522, Native Land Act, 1931 (Native Settlers) .. 145 12 0 Interest on Oturei mortgage . . . . .. 31 8 1 £44,864 13 5 £44,864 13 5 Revenue Account for the Year ended 31st March, 1936. £ s. d. £ s. d. £ g- (j t Salaries .. .. .. .. 6,738 17 6 Balance, transferred from Interest Account .. 8,988 16 7 General administration expenses .. 946 111 Balance, transferred to Net Revenue Account .. 4,322 1 6 Travelling allowances and expenses .. 3,148 11 7 10,833 11 0 Maintenance, departmental motorvehicles .. .. .. .. 1,779 19 0 Depreciation— Departmental motor-vehicles .. 675 10 10 Departmental surveyors' equipment 21 17 3 697 8 I £13,310 18 1 £13,310 18 1 Net Revenue Account for the Year ended 31st March, 1936. £ s. d. £ g> Balance, Ist April, 1935 .. .. .. 24,857 2 3 Adjustments on account of previous years .. 1,915 ]4 5 Adjustments on account of previous years .. 1,571 12 0 Balance, 31st March, 1936 .. .. . . 28, 835 1 4 Balance transferred from Revenue Account .. 4,322 1 6 £30,750 15 9 £30,750 15 9 Balance-sheet as at 31st March, 1936. LidbiliticSt Assets, £ s. d. £ s. d. Native Land Development— Loan capital—Public Works Fund.. .. 874,313 10 3 Accounts of units— £ s . d. £ s d Liability to Consolidated Fund: Principal .. .. .. 312,088 18 1 ' Advance under section 8, Finance Interest .. .. .. 7 673 16 10 Act, 1929 —Principal .. 5,000 0 0 Settlement expenditure (settlers Interest on loan capital .. 40,389 2 3 not yet determined) .. .. 438,454 10 7 45,389 2 3 Advances under subsection 7, secSundry creditors— tion 522, Native Land Act, Departmental.. .. .. 103 10 2 1931 .. .. .. 2,800 0 0 Tokerau Maori Land Board (prin- 017 « cipal, £3,052 13s. lOd. ; in- Advances— ' terest, £158 Is. 8d.).. .. 3,210 15 6 Native Trustee under section 521, General .. .. .. 18,464 5 2 Native Land Act, 1931 .. 122,621 7 2 21,778 10 10 Interest accrued .. .. 1,138 1 3 Maori Unemployment Grant Account .. .. 6,880 15 9 —123 759 8 Writings-off in Suspense .. .. .. 4,806 11 11 Maori Land Boards under section 340, Native Land Act, 1931 .. 6,742~ 0 0 Interest accrued .. .. 91 4 11 .D, . 6,833 411 Oturei Block . . . . 590 19 1 Interest accrued .. .. 113 0 — 602 2 1 Departmental motor-vehicles .. .. 1,744 n ■> Surveyors' equipment .. .. .. ' ooq 7 n Sundry debtors— Departmental .. .. 8,092 18 10 Miscellaneous .. .. 15,929 13 2 Advances to Maori Land Boards (instalments principal, £751 13s. 4d.; interest, £506 13s. 4d.) .. 1,258 6 8 . . 25,280 18 8 -Losses in Suspense . . .. .. 4 11 j j Net Revenue Account, Ist April, 1935 .. .. .. 24,857 2 3 Less adjustment previous years (net) .. .. .. 344 2 5 24,512 19 10 Add excess of expenditure over income for year ended 31st March, 1936 .. .. 4,322 1 6 28,835 1 4 £953,168 11 0 £953,168 11 0 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 explanatory notes dealing with departmental accounts generally as appealing at commencement of parliamentary return (8.-l, Pt. IV), and subject to the following comments: (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 ; (3) in the opinion of the Audit Office the expenditure from the Public Works Fund on Native Land Development Areas, £3,051 Is. lid., at present included in the Crown Lands Account, should be reflected in the accounts of the Native-land-development schemes J H Fowler, Controller and Auditor-General,

63