B.—l [Pt. IV], Sup. to 1940

NATIVE DEPARTMENT—continued. SPECIAL HOUSING FUND. Statement of Receipts and Payments for the Year ended 31st March, 1940. Receipts. Payments. Balances, Ist April, 1939 — £ £ Loans to Natives for dwellings— £ £ In hands of Maori Land Boards .. .. 3,967 Erection .. . . .. .. 25,267 In hands of Native Trustee .. .. 64,837 Repairs .. .. .. .. 652 ■ 68,804 Miscellaneous .. .. .. .. 64 Repayments by Natives— 25,983 Interest .. .. .. .. 1,934 Expenditure on dwellings (sections 3 and 4 Amendment Principal .. .. .. 5,399 Act, 1938): Erection.. .. .. .. 17 7,333 Title expenses of gifted land . . .. .. 2 Deposits against advances .. .. .. .. 911 Balances, 31st March, 1940 — Deposits in suspense .. .. .. .. 612 In hands of Maori Land Boards .. .. 9,478 Interest received from Native Trustee .. .. 1,173 In hands of Native Trustee .. .. 43,353 52,831 £78,833 £78,833 Income and Expenditure Account for the Year ended 31st March, 1940. Expenditure. £ Income. £ Title expenses of gifted land .. . . .. 2 Interest earned on— Transfer to Housing Fund Account .. .. .. 3,141 Loans .. .. .. .. .. 1,970 Deposits with Native Trustee .. .. .. 1,173 £3,143 ' £3,143 Housing Fund Account. Dr. £ Cr. £ Balance, 31st March, 1940 .. .. .. .. 105,655 Balance, Ist April, 1939 .. .. .. .. 102,490 Value of land donated to fund . . .. .. 25 Excess of income over expenditure .. .. .. 3,140 £105,655 £105,655 Balance-sheet as at 31st March, 1940. Liabilities. £ Assets. Special Housing Fund .. .. .. .. 105,656 Land £ £ Deposits against advances .. .. .. .. 1,850 Purchased .. .. .. .. 375 Sundry creditors .. .. .. .. .. 51 Donated .. .. .. .. 25 ■ 400 Buildings completed (2): Principal .. .. . . 108 Loans to Natives— Principal .. .. .. .. 54,144 Interest due .. .. .. .. 35 Interest accrued . . . . .. 39 54,218 Cash balances— In hands of Maori Land Boards .. .. 9,478 In hands of Native Trustee .. .. 43,353 52,831 £107,557 £107,557 0. N. Campbell, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. Note. —To enable the Board of Native affairs to fully exercise its powers and functions in respect of Natives who, in the opinion of the Board, are unable to furnish the security required under the Native Housing Acts and for the purpose of assisting the most urgont and necessitous cases, the Government has established a Special Housing Fund consisting of grants totalling £100,000 which have been paid into the Native Trustee's Account for disbursement through the Maori Land Boards as directed by the Board of Native Affairs. All interest, repayments of principal, and other accumulations belong to the fund and may be utilized in granting advances for housing purposes. I hereby certify that the Statement of Receipts and Payments, 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. —Cyril G. Collins, Controller and Auditor-General.

13— B. 1 [Pt. IV], Sup. to 1940.

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