B—l [Pt. IV]

NATIVE DEPARTMENT— continued SPECIAL NATIVE HOUSING FUND—continued Balance-sheet as at 31st March, 1945

Liabilities £ Assets £ £ Special Native Housing Fund .. .. .. .. 191,945 Land not yet built on— Deposits and credit balances held (112) against advances .. 6,730 Purchased .. .. .. .. .. 391 Sundry creditors .. .. .. .. .. .. 37 Donated .. .. .. .. .. 25 416 Rented properties— Acquisition of land and improvements .. .. 460 Erection eleven cottages .. .. .. 4,555 Erection two huts on Crown land .. .. 123 5,138 Vacant section .. .. .. .. 209 5,347 Less Depreciation Reserve .. .. .. 438 4,909 Loans to Maoris (359)— Principal outstanding .. .. .. .. 78,250 Interest .. .. .. ~ .. 216 78,466 Sundry debtors .. .. .. .. .. .. 148 Cash balances— With Native Trustee .. .. .. .. 97,141 With Maori Land Boards .. .. .. 17,632 114,773 £198,712 £198,712

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