B—l [Ft. IV]

/ DEPARTMENT OF MAORI AFFAIRS— continued MAORI LAND {DEVELOPMENT AND SETTLEMENT Interest Account for the Year Ended 31st March, 1948 Dr. £ I Gr. £ £ Interest on loan capital .. .. .. •• ..77,565 Interest on advances under— Interest on advances : Consolidated Fund, under section 8, j Part I, Maori Land Amendment Act, 1936 Finance Act 1929 .. .. •• •• •• 72 Land under development .. .. .. 43,981 Amount transferred to Revenue Account .. .. .. 16,189 Settlers .. .. .. .. .. 49,603 9 3,584 Section 340, Maori Land Act, 1931 : Maori Land Boards .. .. .. .. .. 12 Section 48, Maori Land Amendment Act, 1936 : Maori settlers .. .. .. .. .. 230 242 £93,826 £93,826 Revenue Account for the Year Ended 31st March, 1948 Dr. £ Gr. £' Amount transferred to Accumulated Revenue Account .. 55,786 Amount transferred from Interest Account .. .. ..16,189 Stores on-cost, .dividends, insurance rebates, store profits, administration charge . . .. .. . < .. 2,344 Departmental charge on amounts— £ Expended on land-development .. .. .. 15,598 Advanced to settlers .. .. 21,655 , 37,253 £55,786 | £55,786 Accumulated Revenue Account for the Year Ended 31st March, 1948 Dt. £ Gr. £ Amounts written off: Advances to settlers .. .. 1,674 1 Balance, Ist April, 1947 .. .. .. .. .. 340,927 Balance, 31st March, 1948 .. .. .. •• 395,039 1 Amount transferred from Revenue Account .. .. .. 55,786 £396,713 | £396,713

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