G—ll

Finance The Board is pleased to report that the Minister of Finance has agreed to the recoupment to it of the sum of £13,000 which represents the balance of moneys and interest expended by the Board in providing additional accommodation for certain Maori secondary schools in excess of the payments authorized by section 13 of the Native Land Amendment and Native Land Claims Adjustment Act, 1925. An item covering this sum is included in the estimates of the Native Department for the current year, and on the passing 'of the Appropriation Act the amount will be paid into the Maori Purposes Fund Account. The following is a statement of receipts and expenditure for the year ended 31st March, 1946 :

Receipts Payments £ £ Cash balance as at Ist April, 1945 .. 46,705 Administration expenses .. .. 128 Grant from Consolidated Fund .. 375 Grants— £ Interest .. .. .. .. 1,401 Meeting-houses, &c. .. .. 350 Grants from Maori Land Boards for Miscellaneous .. .. 450 specific purposes .. .. .. 750 800 Miscellaneous receipts (sales, &c.) .. 215 Purchase of books .. .. 1 Cash balance with Native Trustee at 31st March, 1946 .. .. 48,517 £49,446 £49,446

Note. —Annual grants for Free Place Scholarships (£500), special education (£250), and Polynesian Society (£300) were not paid until after the close of the financial year.

Budget for Year ended 31st March, 1947 Expenditure Income Administration expenses— £ £ £ Audit fee .. .. 8 Interest from Native Trustee .. 1,600 Native Trustee's commission .. 60 Annual grant from Consolidated Fund 375 Depreciation .. .. 10 Profit from sale of publications .. 25 Freight .. .. 2 Income allocated but unexpended before Insurance .. .. ..10 31st March, 1946 .. .. 1,450 Printing and stationery .. 5 Grant from Consolidated Fund to recoup Rent, repairs, &c. .. .. 100 expenditure on Maori secondary Salary .. .. .. 35 schools .. .. .. 13,000 Travelling-expenses .. .. 25 Sundries .. .. 5 260 Grants (subject to separate approval of Board) — * Education .. .. .. 750 Publishing .. .. .. 700 1,450 Grants approved but unpaid as at 31st March, 1946 Education . . .. .. 750 Polynesian Society (publishing) .. 300 Grants from Maori Land Boards 400 1,450 To be added to capital .. .. 13,000 Balance available for miscellaneous grants, &c. .. .. .. 290 £16,450 £16,450 Approximate Cost of Paper.—Preparation, not given ; printing (548 copies), £3 10s. By Authority: E. V. Paul, Governmedit Printer, Wellington.—l 946. Price 3d.']

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