NATIVE DEPARTMENT BUILDING CONSTRUCTION FUND LAND FOR SETTLEMENTS ACCOUNT Income and Expenditure Account for the Year ended 31st March, 1946 Expenditure £ Income £ Interest on capital .. .. .. .. .. .. 1,382 Charge of per cent, against jobs for administration, &c. .. 329 Sundry expenses .. .. .. .. .. .. 11l Profit on timber and stores trading .. .. .. .. 19 Wages and supervision .. .. .. .. .. 265 Stores oncost .. .. .. .. .. .. 257 Depreciation on plant, buildings, and equipment .. .. 158 Loss, transferred to Accumulated Profit and Loss Account .. 1,313 Repairs and maintenance .. .. .. .. .. 2 £1,918 £1,918 Accumulated Profit and Loss Account for the Year ended 31st March, 1946 Dr. £ I Loss transferred .. .. .. .. .. .. 1,313 | Balance-sheet as at 31st March, 1946 Liabilities £ Assets £ £ Loan capital: Land for Settlements Account .. .. 69,104 Plant and equipment .. .. .. .. 1,447 Liability to Consolidated Fund for interest .. .. .. 1,382 Less depreciation .. .. .. .. 11l Sundry creditors .. .. .. .. .. .. 2,595 1,336 Writings off in Suspense ~ .. .... .. 1 Timber-yards, store-sheds, &c. .. .. .. 1,149 Less depreciation .. .. .. .. 47 1,102 Stores and materials .. .. .. .. .. 10,174 Buildings under construction (205 jobs) .. .. .. 58,011 Sundry debtors .. .. .. .. .. .. 1,145 Losses in Suspense .. .. .. .. .. 1 Accumulated Profit and Loss Account .. .. .. 1,313 £73,082 £73,082 Notes.—(1) Administration expenses are paid from Consolidated Fund, vote " Native," and are not debited to the Income and Expenditure Account herein. The charge of 2| per cent, on completed jobs refers partly to administration costs. (2) The item " Stores oncost " relates to charges made prior to the issue of instructions that no oncost was to be charged. G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify tliat the Income and Expenditure 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 departmental notes enfaced thereon and to the explanatory notes dealing with departmental accounts generally as appearing 'at the commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

B—l [Pt. IV]

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