B—l [Ft. IV]

Liabilities Assets Loan capital— £ £ Advances to Natives— £ £ Public Works Fund .. .. .. .. 94,429 Principal .. .. .. .. .. 124,060 Land for Settlements Account .. .. .. 23,899 Interest outstanding .. .. .. .. 210 118,328 124,270 Deposits against advances.. .. .. .. .. 4,261 Store building .. .. .. .. .. .. 372 Sundry creditors .. .. .. .. .. .. 128 Sundry debtors .. .. .. .. .. .. 2 - Suspense Account .. .. .. .. .. 4 Interest on loan capital paid in advance .. .. .. 147 Accumulated Profit and Loss Account— Balance, Ist April, 1944.. .. .. .. 1,702 Add excess of income over expenditure .. .. 368 2,070 £124,791 . £124,791 Notes.—(1) Separate accounts are published for advances from the Special Native Housing Fund ;■ (2) labour subsidies are not recorded in these accounts; (3) administration expenses are paid from Consolidated Fund, vote " Native." G. P. Shepherd, Under-Secretary. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Statement of Receipts and Payments, 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, subject to the explanatory notes dealing with departmental accounts generally as appearing at commencement of parliamentary return B-l [Pt. IV].— J. P. Rutherford, Controller and Auditor-General.

Balance-sheet as a.t 31st March, 1945

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