8.—13.

Statement of Profit and Loss Account for the Year ended 31st March, 1908. De. £ s. d. . Cr. £ s. d. To Balance at 31st Maroh, 1907 .. .. 433 11 2 By Interest Account gross profits .. ..... 597 6 8 Management Expenses Aocount .. 825 14 3 Balanoe .. .. .. .. 661 18 9 £1,259 5 5 £1,259 5 5

Statement of Interest Account for the Year ended 31st March, 1908. Db. £ s. d. £ s. d. Cb. £ s. d. £ s. d. To Interest paid on loans .. 1,875 12 1 By Interest on mortgages .. 2,375 12 10 Less accrued interest at 31st Interest on bank balanoes 27 18 4 Maroh, 1907 .. .. 168 15 4 2,403 11 2 1,706 16 9 Less interest acorued at 31st March, 1907 17 4 6 Accrued interest payable on loans at 31st — March, 1908 .. .. .. 1,524 13 2 2,386 6 8 Balance of interest —gross profits trans- Interest receivable overdue at 31st Maroh, ferred to Profit and Loss Account .. 597 6 8 1908 .. .. .. .. 51 14 11 Interest receivable accrued at 31st March, 1908 .. .. .. .. 1,390 15 0 £3,828 16 7 - £3,828 16 7

Statement of Management Expenses Account for the Year ended 31st March, 1908. Db. Receipts. £ a. d. Cb. Expenditure. £ a. d. To Advertising .. .. .. 85 18 3 By Consent fees .. .. .. 110 Printing and stationery .. .. 53 19 0 Production fees .. .. .. 413 6 Postages and telegrams .. .. 100 0 0 Release fees .. .. .. 2 7 6 Salaries .. .. .. .. 600 0 0 Valuation fees .. .. .. 693 2 6 Solicitors' costs .. .. .. 419 8 Balance' transferred to Profit and Loss Sundries .. .. .. .. 014 4 Account .. .. .. .. 825 14 3 Valuation Department .. .. 681 7 6 £1,526 18 9 £1,526 18 9

Statement of Receipts and Expenditure for the Year ended 31st March, 1908. Db. Receipts. £ a. d. 1 Cb. Expenditure. £ a. d. To cash in hand and in bank 31st March, j By Advertising .. .. .. 85 18 3 1907 .. .. .. .. 15,444 0 8 Advances on mortgage .. .. 203,978 2 2 Consent fees .. .. .. 110 Insurance premiums paid .. .. 019 11 Insurance premiums refunded .. 019 11 Interest on loans .. .. .. 1,875 12 1 Interest on bank balances .. .. 27 18 4 Printing and stationery .. .. 53 19 0 Interest on mortgages .. .. 2,375 12 10 Postages and telegrams .. .. 100 0 0 Mortgages and instalments repaid .. 6,312 6 6 Registration and searoh fees, &c, paid 398 1 7 Production fees .. .. .. 413 6 Salaries .. .. .. .. 600 0 0 Registration and search fees, &c, re- Solicitors'costs .. .. .. 6 2 2 funded .. .. .. .. 398 1 7 Sundries .. .. .. .. 10 6 Release fees .. .. .. 2 7 6 Suspense Account .. .. .. 25,827 12 6 Solicitors' costs .. .. .. 12 6 Valuation Department .. .. 681 7 6 Sundries.. .. .. .. 0 6 2 Valuation fees refunded .. .. 28 16 0 Suspense Account .. .. .. 33,354 12 1 Cash in hand and in bank 31st March, Temporary advances on account of loan 185,000 0 0 1908 .. .. .. .. 10,007 9 5 Valuation fees .. .. .. 721 18 6 £243,645 1 1 £243,645 1 1 Government Advances to Settlers Office, Wellington, 2nd June, 1908. P. Heyes, F.S.A.A., Eng., Superintendent. W. N. Hinchliffe, Accountant. Examined and found correct.—J. K. Warburton, Controller and Auditor-General Approximate Cost of Paper. —preparation, not given; printing (2.000 copies), £5 7s. Od.

By Authority : John Mackay, Government Printer, Wellington.—l9oB. Price 6d.]

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