8.—13.

Account

Statement of Management Expenses Account for the Year ending 31st March, 1902. De. £ s. d. Cr. £ s. d. £ s. d. To Audit Department .. .. .. 200 0 0 By Consent fees .. 20 0 0 Post Office services .. .. .. 800 0 0 Mortgage-forms .. 73 9 0 Printing and stationery .. .. 210 16 3 Production fees .. 192 12 6 Premiums (insurance) paid by Department 55 2 6 Release fees .. .. 139 5 0 Salaries .. .. .. .. 3.397 8 7 Valuation fees .. 2,01119 3 Solicitors'costs .. .. .. 26 13 9 ■ 2,437 5 9 Sundries .. .. .. .. 33 18 7 Balance of management expenses Telegrams .. .. .. .. 71 16 1 transferred to Profit and Loss AcValuation Department services .. 2,500 0 0 count .. .. .. .. 5,258 10 0 Refund to purohaser of security after survey of grassed land and oorrect boundaries 400 0 0 £7,695 15 9 £7,695 15 9

Statement of Interest Account for the Year ending 31st March, 1902. Dr. £ s. d. £ s. d. Cr. g a. d. To Interest paid on loans .. .. 72,990 13 0 By Interest received on mortgages .. 98,301 3 4 Interest paid on deposits .. 193 9 7 Interest received on temporary investLess interest accrued at 31st ments, &c. .. .. .. 4,069 16 6 March, 1901 .. .. 99 2 3 94 7 4 102,370 19 10 Interest on deposits aocrued at 31st Less interest overdue and accrued at March, 1902 .. .. .. 84 5 5 31st March, 1901 .. .. 26,818 15 9 Interest refunded .. .. 56 10 5 Balance of interest transferred to Profit 75,552 i 1 and Loss Account .. .. 34,710 15 5 Interest receivable—overdue .. 7,207 13 5 Interest receivable—acorued at 31st March, 1902 .. .. .. 25,176 14 1 £107,936 11 7 £107,936 11 7

Statement of the Beceepts and Expenditure for the Year ending 31st March, 1902. Dr. Receipts. £ s. d. Cr. Expenditure. £ s. d. To Cash in hand and in bank at 31st By Advances on mortgage .. .. 408,445 0 0 March, 1901 .. .. .. 29,872 3 4 Assuranoe Fund investment with Bills receivable .. .. .. 100 0 0 Public Trustee .. .. .. 23,744 911 Consent fees .. .. .. 20 10 0 Audit Department .. .. 200 0 0 Insurance premiums refunded .. 349 14 4 Insuranoe premiums paid .. .. 404 16 10 Interest on Assurance Fund, Public Interest on deposits .. .. 195 10 1 Trustee .. .. .. 719 8 6 Interest refunded .. .. .. 56 10 5 Interest on mortgages .. .. 98,301 3 4 Interest on loans .. .. .. 72,990 13 0 Interest on Bank of New Zealand Post Office servioes .. .. 800 0 0 current account .. .. .. 476 510 Printing and stationery .. .. 210 16 3 Interest on temporary investments .. 92 0 0 Repayment of advances on account of Interest on Sinking Fund, Public loans .. .. .. .. 140,000 0 0 Trustee .. .. .. 2,689 12 11 Salaries .. . .. .. 3,397 8 7 Loans Account .. .. .. 406,333 6 8 Solicitor's costs .. .. .. 26 13 9 Mortgages and instalments repaid .. 172,268 12 3 Sundries .. .. .. .. 214 19 4 Mortgage-forms .. .. .. 73 9 0 Sinking Fund investment with Public Production fees .. .. .. 196 2 6 Trustee .. .. .. 172,268 12 3 Public Trustee, refunds .. .. 147,154 1 3 Telegrams .. .. .. 71 16 1 Refund of interest overcharged by Valuation Department services .. 2,500 0 0 Bank of New Zealand .. .. 92 9 3 Valuation fees refunded .. .. 138 12 6 Release fees .. .. .. 141 1 0 Suspense Account.. .. .. 12,077 14 6 Suspense Account.. .. .. 13,286 410 Release fees, consent fees, and proValuation fees .. .. .. 2,150 11 9 duotion fees refunded .. .. 516 0 Sundries .. .. .. .. 181 0 9 Refund to purchaser of security after Interest on deposits refunded .. 2 0 6 survey of grassed land and correct boundaries .. .. .. 400 0 0 Cash in hand and in bank at 31st March, 1902 .. .. .. 36,350 8 6 £874,499 18 0 £874,499 18 0 John McGowan, Superintendent. Government Advances to Settlers Office, P. Heyes, f.s.a.a. Eng., Accountant. Wellington, 31st May, 1902.

The Audit Office, having certified the statutory accounts submitted as those required by section 50 of the Government Advances to Settlers Act, appears to be precluded from certifying any other accounts, but cannot object to the Superintendent issuing such other accounts as he may think necessary to show the financial position of his office. J. K. Warburton, Controller and Auditor-General.

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