B—l [Pt. IV]

Balance-sheet as at 31st March, 1948 Liabilities £ £ Assets £ £ Amounts held under— InvestmentsMaori Reserves Act, 1882 .. .. ..70,157 Local-body securities .. .. .. .. 5,000 West Coast Settlement Reserves Act, 1892 ... 54,275 Government securities .. .. ..296,780 Maori Land Act, 1931 £ | Short-term investments: Treasury bills .. 240,000 Part X .. .. .. .. 52,760 Mortgages .. .. .. .. .. 326,324 Part III: Maori Land Boards .. 429,948 j Advances (on overdraft) to estates and accounts .. 104,198 Miscellaneous .. .. .. 8,012 j Properties acquired under mortgage , .. 17,803 Special investment .. .. .. 350 J Post Office Savings-bank war service gratuity 491,070 ' accounts .. .. .. .. .. 52,177 Maori Trustee Act, 1930 .. .. ..104,152 ; Maori Hostels Fund .. .. 15 024 Maori Purposes Fund Act, 1934-35 .... 61,887 [ 1 057 306 Maori Housing Amendment Act, 1938 .. .. 75,151 ! Interest and rent due and accrued .. .. .. ' 14,748 Ngaitahu Claim Settlement Act, 1944 . . . . 39,385 I Sundry debtors . . .. .. .. .. 20 Finance Act (No. 2), 1946: Whakatohea claim Losses in Suspense 1 settlement .. .. .. .. ..20,000 Cash balancesMaori Purposes Act, 1946: Maori Hostels Fund 20,000 In hand .. .. .. .. .. 40 Miscellaneous funds .. .. .. .. 25,955 ' At bank .. !! !. . . .! 7,486 962,032 At branches .. .. .. .. 8,924 Sundry creditors .. .. . . .. .. .. 477 At Post Office .. .. .. .. 105 Writings-off in Suspense .. .... .. .. 1 jg ggg Reserves— ' Reserves against unpaid interest .. ~ 1,218 Special reserve against claims .. .. .. 159 Assurance and Reserve Fund .. .. .. 116,426 Investment Fluctuation Account .. .. .. 1,033 Profit and Loss Appropriation Account .. .. 7,284 126,120 £1,088,630 . £1,088,630 T. T. Ropiha, Under-Secretary and Maori Trustee. M. J. Lawless, A.R.A.N.Z., Chief 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.

43