B—l [Pt. IV]

NATIVE TRUSTEE— continued Balance-sheet as at 31st March, 1946 Liabilities Assets Amounts held under— £ £ Investments— £ £ Native Reserves Act, 1882 .. .. .. 72,091 Local bodies'securities .. .. .. .. 5,100 West Coast Settlement Reserves Act, 1892 .. 51,136 Government securities .. .. .. .. 16,830 Native Land Act, 1931— £ Short-term investments— Part X .. .. .. 54,710 Treasury bills .. .. .. .. 225,000 Part III: Maori Land Boards .. 280,934 Mortgages .. .. .. .. .. 358,677 Special investment .. .. .. 350 Advances (on overdraft) to estates and accounts .. 122,820 Miscellaneous .. .. .. 7,314 Properties acquired under mortgages .. .. 17,238 343,308 745,665 Native Trustee Act, 1930 .. . . . . 45,971 Interest and rent due and accrued .. .. .. .. 15,982 Maori Purposes Fund Act, 1934-35 .. .. 48,517 Sundry debtors .. .. .. .. .. .. 118 Native Housing Amendment Act, 1938 .. .. 113,902 ! Cash balances— Ngaitahu Claim Settlement Act, 1944 .. 17,635 j In hand .. .. .. .. .. 150 Miscellaneous funds .. .. .. .. 26,196 i At bank .. .. .. .. .. 87,386 718,756 j At branches .. .. .. .. .. 12,722 Sundry creditors .. .. .. .. .. 434 j ] oo 258 Reserve against unpaid interest .. .. 1,218 Special reserve against claims . . .. . . 159 Assurance and Reserve Fund Account .. 129,933 Investment Fluctuation Account .. .. .. 1,033 Profit and Loss Appropriation Account .. . . 10,490 142,833 | £862,023 j £862,023 c=====s==S==s= | G. P. Shepherd, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative boohs, documents, and securities submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

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