B—l [Pt. IV]

Balance-sheet as at 31st March, 1946 Liabilities Assets Loan capital— £ £ Advances to Natives (432)— £ £ Public Works Fund .. .. .. .. 94,429 Principal .. .. .. .. .. 139,430 Land for Settlements Account .. .. 26,938 Interest outstanding .. .. .. .. 285 121,367 139,715 Deposits against advances .. .. .. .. 9,906 Huts .. .. .. .. .. .. .. 22 Sundry creditors . . .. . . . . . . .. 928 Sundry debtors .. .. . . .. .. .. 31 Liability to Consolidated Fund for interest .. .. .. 4,576 Accumulated Profit and Loss Account— £ Balance, Ist April, 1945.. .. .. .. 2,070 Add excess income over expenditure .. .. 921 2,991 £139,768 £139,768 Note.—(1) Separate accounts are published for advances from Special Native Housing Fund; (2) labour subsidies are not recorded in these accounts ; (3) administration expenses are paid from Consolidated Fund, vote " Native." G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Statement of Receipts and Payments, 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 explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return 8.-l [Pt. IV].— J. P. Rutherford, Controller and Auditor- General.

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