B. —1 [PT. IV], SUP. TO 1932.

NATIVE DEPARTMENT —continued. NATIVE LAND SETTLEMENT ACCOUNT—continued. Balance-sheet as at 31st Makch, 1931 —continued. Liabilities. Assets. £ s. d. £ s. d. Brought forward . 5,376,336 4 6 Brought, forward .. .. 3,975,519 16 9 Postponed charges outstanding (rents, &c.) .. .. .. 13,031 1 3 Stolen Moneys Account (survey liens) .. .. .. 69 4 9 Motor-cars for Farm Directors (balance due under hirepurchase agreements, not yet due and payable) .. .. 116 5 1 Departmental motor-vehicles .. 1,232 3 5 Suspense Account: Unallocated arrears, Hawke's Bay District .. .. .. 649 19 4 Cash in the Public Debt Redemption Fund— New Zealand State Advances Act, 1909 .. .. 11,976 15 4 Public Debt Extinction Act, 1910 .. .. .. 26,320 3 8 38,296 19 0 Add interest accumulated to date .. .. .. 22,752 7 10 61,049 6 10 Cash balances — Cash in the Public Account 649 2 5 Imprests outstanding .. 3,291 19 0 3,941 1 5 Net Revenue Account— Balance as at Ist April, 1931 1,123,439 9 2 Add adjustments on account of previous years (net) .. 37,976 18 9 1,161,416 7 11 Excess of expenditure over income for year, 1931-32 97,859 7 4 1,259,275 15 3 Accumulated loss on Orakei Block (as stated by Lands Department) .. .. 61,451 10 5 1,320,727 5 8 £5,376,336 4 6 £5,376,336 4 6 R. N. Jones, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Revenue Accounts 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. The following comments are appended : (1) While the asset item £318,930 15s. 6d. represents the total net expenditure from the account on developmental schemes, the asset item £239,009 4s. Bd., settlement expenditure (settlers not yet determined) contains expenditure which is chargeable to the asset accounts of units (£72,493 10s. Id.). (2) The portion of the expenditure £239,009 4s. Bd. representing stocks is not in all cases supported by stock-sheets. (3) At present it is not possible for the Audit Office to make a satisfactory examination of each scheme inaugurated under the Native land-development schemes. It is understood that branch accounts are being instituted in each district, and it is imperative that proper records of live-stock and other stocks be set up in connection with each undertaking. —G. F. C. Campbell, Controller and Auditor-General.

10— B. 1 [PT. IV], SUP. to 1932.

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