B.—l [PT. IV], SUP. TO 1941.

NATIVE DEPARTMENT—continued. SPECIAL HOUSING FUND—continued. Income and Expenditure Account. Expenditure. £ Income t Transfer to Housing Fund Account 3,396 Interest earned on loans ' 2,704 Interest earned on deposits with Native Trustee .. '692 £3 ' 39(i £3,396 Housing Fund Account. £ (Jf « Balance, 31st March, 1941 129,051 Balance, Ist April, 1940 1057655 Additional grant .. .. .. .. # t 20' 000 Excess of income over expenditure .. .. ~ 3 39(5 £l2!)^ 051 £129,051 Balance-sheet as at 31st March, 1941. Liabilities. £ A , Special Housing Fund .. .. .. .. 129,051 Land— " e e Deposits against advances .. .. .. .. 1,34.9 Purchased » 7 « Sundry creditors 35 Donated .. " 35 Buildings (2) : Principal ~ .. .. .. Loans to Natives— Principal .. .. .. ..68,035 Interest due .. .. .. ~ 47 „ , , , " 68,082 (Jasn baiancesIn hands of Maori Land Boards .. .. 16,435 In hands of Native Trustee .. .. 45,429 61,864 £l:iQ ' 435 £130,435 O. N. Campbell, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. . Explanatoby Note.—To enable the Board of Native Affairs to fully exercise its powers and functions in respect of Natives who, m the opinion of the Board, are unable to furnish the security required under the Native Housing Acts, and for the purpose of assisting the most urgent and necessitous cases, the Government has established a Special Housing Fund consisting of grants totalling £120 000 which have been paid into the Native Trustee s Account for disbursement through the Maori Land Boards as directed by the Board of for hZting purposes ' rCpaymentS of P rmci P al > and other accumulations belong to the Fund and may be utilized in granting advances I hereby certify that the Statement of Receipts and Payments, the Income and Expenditure Account, and Balancesheet have been duly examined and compared with the relative books and documents submitted for audit and correctly state the position as disclosed thereby. The following comment is appended: Moneys provided for employment promotion in connection with Native housing have not been recorded in the balance-sheet—Cyril G. Collins, Controller and Auditor-General.

NATIYE-LAND-DEYELOPMENT SCHEMES. Interest Account for Year ended 31st March, 1941. £ £ Interest on loan capital .. 82,141 Interest on amounts expended on development schemes Interest on advances from Consolidated Fund under and advances to settlers .. .. .. 123 775 section 8, Finance Act, 1929 .. .. .. 92 Interest on. advances under section 340, Native Land Balance, transferred to Revenue Account .. .. 44,189 Act, 1931 (Maori Land Boards) .. .. .. 198 Interest on advances under section 521., Native Land Act, 1931 (Native Trustee) .. .. .. 2,006 Interest on advances under section 48, Native Land Amendment Act, 1936 (Native settlors) .. .. 376 Interest on Oturei mortgage .. .. .. 7 £.126,422 £126,422 Revenue Account for Year ended 31st March, 1941. Depreciation— £ £ 1 £ Departmental motor-vehicles .. .. .. 66 Balance, transferred from Interest Accountl 44 189 Departmental surveyors'equipment .... 25 ' ' — 91 Proht, transferred to Net Revenue Account .. 44,098 Ti7,189

3 —B. 1. [PT. IV], SUP. TO 1941.

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