B.—l [PT. IV], SUP. to 1936.

NATIVE DEPARTMENT—NATIVE TRUSTEE'S OFFICE. Revenue Account fob the Year ended 31st March, 1936. Expenditure. Revenue. £ s. d. Administration expenses-— £ s. d. Balance from Interest Account .. .. 14,579 1 8 Contribution to Consolidated Fund of amount Commissions .. . . .. .. 4,561 13 0 fixed to cover the Native Trustee's proportion Fees .. .. .. .. .. 815 11 6 of salaries and working-expenses .. .. 13,406 0 0 Net working profit on properties acquired under Depreciation, office furniture and fittings .. 39 9 5 mortgage .. .. .. .. 62 4 0 Refund of surcharges from Unauthorized Miscellaneous receipts .. .. .. 2 8 0 Expenditure Account .. .. .. 10 0 0 Net surplus carried to Appropriation Account .. 6,565 8 9 £20,020 18 2 £20,020 18 2 Interest Account. Expenditure. Revenue. £ s. d. Interest allocated to amounts held Interest oil mortgage and other investments .. 32,447 2 7 under — £ s. d. £ s. d. Native Land Act, 1931 : Part 111 5,390 4 10 Native Land Act, 1931 : Part X 3,251 3 4 Native Land Act, 1931 : Miscellaneous .. .. 126 10 3 Native Trustee Act, 1930 .. 708 9 8 Native Purposes Act, 1931 .. 2,004 16 4 West Coast Settlement Reserves Act, 1892 .. .. 213 4 6 Miscellaneous funds .. .. 5 17 10 11,700 6 9 Interest on advances under— Native Land Act, 1931, section 521 .. .. .. 5,612 14 3 Native Trustee Act, 1930, section 42 .. .. .. 372 12 0 Finance Act, 1930, section 6 (2) 182 7 11 6,167 14 2 Surplus, carried to Revenue Account .. 14,579 1 8 £32,447 2 7 £32,447 2 7 Appropriation Account for the Year ended 31st March, 1936. Expenditure. £ s. d. Revenue. £ s. d. Reserve against unpaid interest .. .. 384 16 4 Net surplus from Revenue Account .. .. 6,565 8 9 Assurance and Reserve Fund .. .. 5,562 11 2 Investment Fluctuation Account .. .. 618 1 3 £6,565 8 9 £6,565 8 9 Balance-sheet op the Native Trustee as at 31st March, 1936. Liabilities. Assets. Amounts held under — £ s. d. £ s. d. £ s. d. West Coast Settlement Re- Office furniture and fittings .. 147 1 8 serves Act, 1892 .. .. .. .. 51,047 0 7 Less depreciation .. .. 39 9 5 Native Reserves Act, 1882 .. .. .. 60,785 15 4 107 12 3 Native Land Act, 1931 : Part X .. .. 96,051 0 8 Mortgages and other investments Native Land Act, 1931 — £ s. d. (book value) — Maori Land Board Funds .. 155,766 4 5 Local-body securities .. 5,100 0 0 Special .. .. .. 1,700 0 0 Mortgages, including special 157,466 4 5 investments .. .. 491,403 6 11 Miscellaneous .. .. .. .. 6,181 7 6 Properties acquired under mortNative Trustee Act, 1930 .. .. ..27,234 7 6 gage .. .. .. 12,340 11 7 Native Purposes Act, 1931 .. .. .. 57,589 2 10 Miscellaneous funds .. .. .. 8,043 7 9 508,843 18 6 Native Land Act, 1931, section 521 — Less reserve against loss on Advances under .. .. 130,064 611 securities .. .. 8,080 0 0 Less repayments .. .. 7,442 19 9 500,763 18 6 Interest and rent due and accrued .. 34,586 9 6 122,621 7 2 Advances (on overdraft) to estates Interest accrued .. .. 1,138 1 3 and accounts .. .. .. 160,104 7 9 123,759 8 5 Sundry debtors .. .. .. 2,481 11 8 Native Trustee Act, 1930, see- Balances — tion 42— At bank .. .. . . 4,601 0 1 Advances under .. .. 29,000 0 0 Cash in hand .. .. 711 3 Less repayments .. .. 22,000 0 0 4,608 11 4 7,000 0 0 «Losses in Suspense Account .. .. 1,714 14 6 Finance Act, 1930 (No. 2), section 6— Advances under .. .. 10,000 0 0 Less repayments .. .. 10,000 0 0 Writings off in Suspense .. .. 1,714 14 6 Reserve against unpaid interest 2,952 0 0 Special reserve against claims .. 215 18 4 Assurance and Reserve Fund .. 97,763 5 5 Investment Fluctuation Account 6,563 12 3 107,494 16 0 £704,367 5 6 £704,367 5 6 0. N. Campbell, Native Trustee. R. L. Jellicoe, A.R.A.N.Z., Accountant. I hereby certify that the Balance-sheet and accompanying Accounts have been duly examined and compared with the relative books, documents, and securities submitted for audit and correctly state the position as disclosed thereby. The following comment is appended : The advances made to the East Coast Maori Soldiers Fund by the Native Trustee exceed the value of the realizable assets of the Fund. —J, H. Fowler, Controller and Auditor-General.

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