B—l | I't. IV].

ARAWA DISTRICT TRUST BOARD— continued. Statement of Income and Expenditure for the Year ended 31st March, 1940. Expenditure. Income. £ Grants- — £ £ New Zealand Governinent: Statutory payment .. 0,000 Aged and infirm .. .. .. .. 21 Special grants: Contributions .. .. .. 17 Educational . . .. .. .. 261 Interest — £ Marae .. .. .. .. 841 Board loans . . .. .. .. 353 Special .. .. .. .. .. 546 Shares (Europa) .. .. .. .. 1 1,669 354 Interest — Commissions oil collection of accounts .. .. 17 Treasury bonds .. .. .. .. 879 Arawa Maori Council fees .. .. .. .. 2 R. King .. .. .. .. 3 882 Administration Expenses— Members' expenses .. .. . . 100 Office expenses .. .. .. .. 135 Office rent .. .. .. .. 65 Audit Pees Reserve .. .. .. 25 Salaries .. .. .. .. 455 780 Depreciation— Maketu Farm ........ 84 Office furniture .. .. .. .. 13 -— 97 Maketu Farm : General expenses .. .. .. 21 Balance carried down .. .. .. .. 2,941 £6,390 £6,390 £ ~£ Adjustments of depreciations . . . . .. 196 Adjustment of depreciation . . .. .. .. 6 Loans repayment reserve .. .. .. .. 1,594 Balance brought down .. .. .. .. 2,941 Amount written off.. .. .. .. .. 24 Balance, 31st March, 1939 .. .. .. ..21,173 Balance to balance-sheet .. .. .. .. 22,306 £24,120 £24,120

Balance sheet as at 31st March, Jll4O. Liabilities. Assets. Native Trustee (Treasury) — £ £ Property investments— £ £ (а) Finance Adjustment Loan .. .. 22,016 (a) Maketu property (farm) .. .. 27,787 (б) Village Improvement Loans .. .. 718 (b) Maketu purchases ... .. .. ■ 0,104 22,734 (e) Whakapoungakau 4k .. .. .. 418 Sundry creditors — (d) Other properties .. .. .. 491 (a) Materials and goods .. .. . . 502 34 ( 800 (b) Services rendered .. .. . . 445 Other investments: Shares (Associated Motorists) .. 10 947 Loans (including interest) — Amounts held in trust — Miscellaneous .. .. .. .. 7,173 Sundry Natives .. .. .. . . 471 Workers' dwellings .. .. .. 5,819 Sundry villages .. .. .. 2,033 Agricultural .. .. .. .. 1,597 Sundry tribes .. .. .. .. 40 14,589 _ 2,544 Sundry debtors — Deposits— Ordinary .. .. .. .. 2,357 Otamarac rents .. .. . . .. 03 Maketu fencing .. .. .. .. 484 Opotiki rents .. .. .. .. 00 New Zealand Government .. .. 158 Otamarakau rents .. .. .. 40 Interest .. .. .. .. 10 — 169 3,009 Miscellaneous— Amounts expended (recoverable) — Rent accrued due .. .. .. 59 Sundry tribes .. .. .. 1,220 Suspense (unallocated credits) .. .. 32 Sundry villages .. .. .. .. 1,210 Audit Fees Reserve .. .. •. 50 —— 2,430 Warden fees (for disbursement) . . .. 32 Equipment, plant, &c.— £ — 173 Office furniture .. .. .. 130 Loans Repayment Reserve .. .. .. 0,310 Less depreciation .. .. 12 Income and Expenditure Account .. .. .. 22,300 124 Tools .. .. .. .. .. 3 Carvings .. .. .. .. 5 Library .. .. .. .. 42 Timber on hand .. .. .. .. 9 183 Cash on hand and in bank .. .. .. .. 102 £55,189 £55,189

Raniera King, Secretary.

The Audit Office, having examined the Balance-sheet and accompanying accounts required by law to be audited, hereby certifies tlicm to be correct subject to the following exception : Part of moneys received by the Board in trust to be applied towards the costs of erection of the proposed Maninihau Meeting-house has been used for other purposes.—-Cyril G. Collins, Controller and Auditor-General.

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