B—l [Pt. IV]

Liabilities Assets Amounts held under— £ £ Investments— £ £ Native Reserves Act, 1882 .. .. .. 66,618 Local bodies' securities .. .. .. 5,100 West Coast Settlement Reserves Act, 1892 .. 51,834 Government securities .. . . .. .. 11,830 Native Land Act, 1931— £ Short-term investments— Part X .. .. .. .. 51,857 In Treasury bills .. .. .. .. 170,000 Part III: Maori Land Boards .. 242,238 Mortgages .. .. .. .. .. 372,560 Special investment .. .. .. 350 Advances (on overdraft) to estates and accounts.. 137,107 Miscellaneous .. .. .. 7,080 Properties acquired under mortgages .. .. 16,667 301,525 713,264 Native Trustee Act, 1930 .. .. .. 35,170 Interest and rent due and accrued .. .. .. .. 17,935 Maori Purposes Fund Act, 1934-35 .. .'. 46,705 Losses in Suspense .. .. .. .. .. 150 Native Housing Amendment Act, 1938 .. .. 97,141 Cash balances— Ngatahu Claim Settlement Act, 1944 .. .. 10,000 In hand .. .. .. .. .. 34 Miscellaneous funds .. .. .. .. 13,256 At bank .. .. .. .. .. 44,036 622,249 At branches .. .. .. .. .. 3,668 Sundry creditors .. .. .. .. .. 13,855 47,738 Writings off in Suspense .. .. .. .. .. 150 Reserve against unpaid interest .. .. .. 1,218 Special reserve against claims .. .. ... 159 Assurance and Reserve Fund Account .. .. 123,692 Investment Fluctuation Account .. .. .. 1,033 Profit and Loss Appropriation Account .. .. 16,731 142,833 £779,087 £779,087 G. P. Shepherd, Under-Secretary and Native Trustee. M. J. Lawless, A.R.A.N.Z., Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books, documents, and securities submitted for audit, and correctly state the position as disclosed thereby.— J. P. Rutherford, Controller and Auditor-General.

NATIVE TRUSTEE— continued Balance-sheet as at 31st March, 1945

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