8.—13.

Statement of Management Expenses Account for the Year ended 31st March, 1908. Dr. £ e. d. Cb. £ s. d. To Advertising.. .. .. .. 4 10 0 By Consent fees .. .. .. 21 11 6 Audit Department .. .. .. 200 0 0 Production fees .. .. .. 268 18 6 Insurance premiums paid by Department 45 5 1 Release fees .. .. .. 325 19 8 Postages and telegrams .. .. 449 8 3 Valuation fees .. .. .. 4,852 11 7 Post Office services .. .. .. 625 0 0 Balanoe transferred to Profit and Loss Printing and stationery .. .. 447 4 4 Account .. .. .. .. 7,323 6 1 Eegistration and search feeß, &o. .. 160 13 5 Salaries .. .. .. .. 3,655 0 0 Clerical assistance .. .. .. 1,434 10 8 Sundries .. .. .. .. 11l 11 1 Valuation Department — £ s. d. Fees .. .. 4,659 4 6 Agency work .. 1,000 0 0 5,659 4 6 £12,792 7 4 £12,792 7. 4

Statement of Receipts and Expenditure for the Year ended 31st March, 1908. Dr. Receipts. £ sd. Cr. Expenditure. £ s. d. To Cash in hand and in bank at 31st By Advances on mortgage .. .. 1,197,416 911 March, 1907 .. .. .. 12,268 15 6 Advertising .. .. .. 410 0 Bills Becoivable Account .. .. 234 2 0 Audit Department .. .. 200 0 0 Consent fees .. .. .. 21 11 6 Insurance premiums paid .. .. 530 12 4 Insurance premiums refunded .. 485 7 3 Interest on loans .. .. .. 112,313 11 0 Interest on bank balances.. '.. 70 0 10 Interest on deposits .. .. 47 18 8 Interest on mortgages .. .. 172,060 611 Interest refunded .. .. 110 0 Mortgages and instalments repaid .. 568,654 10 11 Office furniture account .. .. 67 4 4 Production fees .. .. .. 269 15 0 Postages and telegrams .. .. 549 8 3 Registration and searoh fees, &c. .. 1,050 2 7 Printing and stationery .. .. 447 4 4 Release fees .. .. .. 325 19 8 Post Office services .. .. 625 0 0 Sundries .. .. .. 80 14 4 Production fees refunded .. .. 016 6 Suspense Aocount .. .. 62,657 0 3 Registration and search fees, &c. .. 1,210 16 0 Temporary advances on account of - Salaries .. .. .. .. 4,255 0 0 loans .. .. .. .. 550,000 0 0 Clerical assistance .'. .. 1,434 10 8 Valuation fees .. .. .. 5,064 16 7 Sundries .. .. .. 192 5 5 Workers branch refunds —proportion Suspense Account .. .. 47,648 6 10 of charges .. .. .. 700 0 0 Valuation Department— £ s. d. Fees .. .. 4,659 4 6 Agenoywork .. 1,000 0 0 5,659 4 6 Valuation fees refunded .. .. 212 5 0 Cash in hand and in Bank at 31st March, 1908 .. .. 1,126 9 7 £1,373,943 3 4 £1,373,943 3 4 Government Advances to Settlers Office, Wellington, 2nd June, 1908. P. Heyes, F.S.A.A., Eng., Superintendent. W. N. Hinchlifpe, Accountant. Examined and found correct.—J. K. Warburton, Controller and Auditor-General.

WORKERS BRANCH.—BALANCE-SHEET. Statement of Liabilities and Assets at 31st March, 1908. Liabilities. £ s. d. Assets. £ a. d. Advances on account of loan .. .. 205,000 0 0 Investment Account— £ s. d. Accrued interest payable on aooount of Advanoes on mortgage .. 209,468 2 2 loan .. .. .. .. 1,524 13 2 Less repayments .. 6,325 4 4 Suspense Aocount .. .. .. 8,743 0 7 203,142 17 10 Mortgage instalments receivable overdue.. 12 17 10 Interest reeeivable overdue .. .. 51 14 11 Interest receivable accrued .. .. 1,390 15 0 Cash in hand and in bank 10,262 3 3 Less cheques not presented 254 13 10 10,007 9 5 Profit and Loss Aooount .. .. 661 18 9 £215,267 13 9 £215,267 13 9 Government Advances to Settlers Office, Wellington, 2nd June, 1908. P. Heyes, F.S.A.A., Eng., Superintendent. W. N. Hinchlipfe, Accountant. Examined and found correct.—J. K. Warburton, Controller and Auditor-General. 2—B. 13.

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