B.—l [PT. IV], SUP. TO 1937.

NATIVE TRUSTEE. Revenue Account tor the Year ended 31st March, 1937. Expenditure. £ s. d. Revenue. £ s. d. Administration expenses—Contribution to Consoli- Balance from Interest Account .. .. 13,756 8 5 dated Fund of amount fixed to cover the Native Commission.. .. .. .. .. 4,890 19 11 Trustee's proportion of salaries and working- Fees .. .. .. .. .. 1,023 10 9 expenses .. .. .. .. .. 12,200 0 0 Miscellaneous receipts .. .. .. 8 6 6 Depreciation on office furniture and fittings .. 28 9 9 Net working loss on properties acquired under mortgage .. .. .. .. .. 124 10 5 Net surplus carried to Appropriation Account .. 7,326 5 5 £19,679 5 7 £19,679 5 7 Appropriation Account for the Year ended 31st March, 1937. Dr. £ s. d. Or. £ s. d. Reserve against unpaid interest .. .. 7,326 5 5 Net surplus from Revenue Account .. .. 7,326 5 5 Interest Account. Expenditure. Revenue. £ s. d. Interest allocated to amounts held £ s. d. £ s. d. Interest on mortgage and other investments .. 31,260 15 0 under — Native Land Act, 1931, Part 111 5,558 0 0 Native Land Act, 1931, Part X.. 3,038 5 2 Native Land Act, 1931. Miscellaneous . . .. .. 91 6 2 Native Trustee Act, 1930 .. 524 3 11 Native Purposes Act, 1931 .. 2,006 9 8 West Coast Settlement Reserves Act, 1892 . . . . .. 211 8 1 Miscellaneous funds .. . . 1 14 5 — 11,431 7 5 Interest on advances under— Native Land Act, 1.931, section 521 5,401 0 4 Native Trustee Act, 1930, section 42 .. .. .. 23 0 3 Finance Act, 1930, section 6 (2) 137 5 2 Miscellaneous .. .. 511 13 5 6,072 19 2 Surplus carried to Revenue Account .. .. 13,756 8 5 £31,260 15 0 £31,260 15 0 Balance-sheet op the Native Trustee as at 31st March, 1937. Liabilities. Assets. Amounts held under — £ s. d. Mortgages and other investments £ s. d. £ s. d. West Coast Settlement Reserves Act, 1892 .. 46,347 5 8 (book value) — Native Reserves Act, 1882 .. .. .. 59,289 6 3 Local-body securities .. .. 5,100 0 0 Native Land Act, 1931, Part X .. .. 87,932 15 7 Mortgages (including special inNative Land Act, 1931 — £ s. d. vestments) .. .. 477,907 18 2 Maori Land Board funds .. 163,602 7 10 Properties acquired under mortSpecial investment .. .. 1,700 0 0 gage .. .. .. 12,643 18 1 Miscellaneous . . .. 5,836 8 4 171,138 16 2 495,651 16 3 Native Trustee Act, 1930 .. .. .. 24,193 4 7 Less assignment to Post Office, Native Purposes Act, 193! .. .. .. 59,429 1 9 £23,000; reserve against loss Miscellaneous funds .. .. .. 13,304 4 10 on securities, £8,080 .. 31,080 0 0 Native Land Act, 1931, section : 464,571 16 3 521— £ s. d. Interest and rent due and accrued .. .. 37,111 10 10 Advances under .. .. 130,064 611 Advances (on overdraft) to estates and accounts .. 146,552 19 0 Less repayments .. .. 45,320 13 5 Sundry debtors .. .. .. .. 2,707 7 8 84,743 13 6 Balances — £ s. d. Native Trustee Act, 1930, section At bank .. .. 11,528 13 8 42 — Cash in hand .. .. 15 8 3 Advances under . . . . 7,000 0 0 11,544 1 11 Less repayments .. . . 7,000 0 0 Losses in Suspense Account . . . . . . 1,744 7 9 Interest accrued on loans . . . . .. 1,435 19 2 Writings-off in Suspense . . . . . . 1 ,744 7 9 £ s. d. Reserve against unpaid interest .. 10,070 5 5 Special reserve against claims .. 215 18 4 Assurance and Reserve Fund . . 97,844 5 6 Investment Fluctuation Account 6,542 18 11 114,673 8 2 £664,232 3 5 £664,232 3 5 0. N. Campbell, Native Trustee. R. L. Jellicoe, A.1.A.N.Z., Accountant. 1 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.

9 —B 1 [PT. IV], Sup. TO 1937.

65