B. —1 [PT. IV], SUP. TO 1941

NATIVE TRUSTEE—continued. Revenue Account for the Year ended 31st March, 1941. Dr. Or. £ Administration expenses: Contribution to Consolidated £ Balance from Interest Account .. .. .. 13,322 Fund .. .. .. .. .. .. 12,200 Commission .. .. .. .. .. 4,597 Net surplus carried to Appropriation Account .. .. 6,808 Fees .. .. .. .. .. .. 486 Net working profit on properties acquired under mortgage 603 £19,008 £19,008 Appropriation Account for the Year ended 31st March, 1941. Dr. & Or. £ Transfer to Assurance and Reserve Fund Account .. 9,937 Balance, Ist April, 1940 .. .. .. .. 18,568 Balance, 31st March, 1941 .. .. .. .. 15,536 Adjustments previous years .. .. .. .. 97 Net surplus from Revenue Account .. .. .. 6,808 £25,473 £25,473 Balance-sheet of the Native Trustee as at 31st March, 1941. Liabilities. Assets. Amounts held under — £ £ Mortgages and other investments Native Reserves Act, 1882 .. .. 62,459 (book value) — £ £ £ West Coast Settlement Reserves Act, 1892 45,176 Mortgages .. .. .. 409,747 Native Land Act, 1931, Part X .. .. 56,511 Less assignment to Post Office 19,470 Native Land Act, 1931 — £ 390,277 Maori Land Board funds .. 189,250 Local-body securities .. .. .. 5,100 Special investments .. .. 450 Properties acquired under mortgage .. 15,729 Miscellaneous .. .. 6,878 Advances (on overdraft) to estates and 196,578 accounts .. .. .. .. 165,299 Native Trustee Act, 1930 .. .. 18,134 Fixed deposit with National Bank of New Native Purposes Act, 1931 .. .. 3,286 Zealand .. .. .. .. 20,000 Maori Purposes Fund Act, 1934-35 .. 44,326 596,405 Miscellaneous funds .. .. .. 21,890 Loans: Native housing (special) .. .. .. 67,188 448,360 Interest and rent due and accrued .. .. .. 14,363 Housing Fund (Special) .. .. .. .. 129,051 Sundry debtors .. .. .. .. .. 8,472 Sundry creditors.. .. .. ■■ 60 Balances— Native Land Act, 1931, section 521 — Cash at bank .. .. .. 42,703 Advances under .. .. .. 60,000 Cash in hand .. .. .. .. 55 Less repayments .. .. •• 12,723 Cash at branches .. .. .. 22,897 47,277 65,655 Interest accrued on loans .. .. .. .. 1,438 Losses in Suspense .. .. .. .. 329 Writings off in Suspense .. .. ■ • • ■ 329 Reserve against unpaid interest .. .. 1,269 Special reserve against claims .. .. 159 Assurance and Reserve Account .. .. 107,738 Investment Fluctuation Account .. .. 1,195 Profit and Loss Appropriation Account .. 15,536 125,897 £752,412 £752,412 O. N. Campbell, Under-Secretary and Native Trustee. M. J. Lawless, A.R.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*. P. Rutherford, Deputy Controller and Auditor-General.

POST AND TELEGRAPH DEPARTMENT. POSTAL BRANCH. Profit and Loss Account for the Year ended 31st March, 1941. Dr. £ Or. £ Working-expenses .. .. .. .. 1,728,248 Postages .. .. .. .. .. 1,438,353 Depreciation (6) .. .. .. .. 38,260 Pent received .. .. .. .. .. 17,785 Profit, before charging interest on capital, carried down 17,102 Private box and bag rents .. .. .. 30,566 Rural delivery fees .. .. .. .. 27,923 Money-order and postal-note commission .. .. 69,721 Miscellaneous revenue .. .. .. .. 199,262 £1,783,610 £1,783,610 £ £ Interest on capital (a) .. ■ ■ .. .. 95,188 Profit brought down .. .. .. .. 17,102 Loss on year's working transferred to General Profit and Loss Account .. .. .. .. 78,086 £95,188 £95,188

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