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Proposals of Mr. Sydney David Taiwhanga, M.H.R., for the Colonization and Settlement of Maori Lands

Finance

Finance.

14.The Council may obtain advances for the general Advances. management and cost of survey of the Maori estate, and a lien shall attach to Maori lands for such advances.
15.The proceeds of all sales and of all rents and income The Maori Fund. derivable from the sale letting and disposition of Maori Lands shall be paid into a bank to the credit of the "Maori Estate Account," and all compensation and other monies to which they may be or may become entitled shall form part of the same fund.
16.All salaries, office and other expenses of the Council, Application of Fund. including expenditure on the common property, shall be paid out of the fund.page 6
17.Distribution of Fund. Subject to such expenditure and the repayment of such advances, the fund from time to time available shall be distributed half yearly between and amongst the Maoris in the shares and proportions to which the Chiefs and Maori people are respectively entitled to the same.
18.Application of part of Fund to common purposes. Before making such distribution it shall be competent for the Council to expend such portions of the fund as may be considered necessary in making the common property available for settlement and occupation.
19.Accounts to be audited. The accounts of the Council shall be audited by Public Auditors and published in the Maori and English languages.