8.—13.

ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets at 31st March, 1910. Liabilities. £ s. d. Assets. Advances on account of loanß .. .. 703,500 0 0 Investment Account — £ s. d. £ s. d. Advances from Settlers Branch.. .. 120,000 0 0 Advances on mortgage .. 870,005 0 0 Accrued interest payable on account of Less repayments .. 51,664 4 11 advances .. .. .. .. 5,988 8 9 818,340 15 1 Suspense Account .. .. .. 53 14 2 Mortgage instalments receivable—Overdue 264 19 5 Advances Suspense Aocount .. .. 15,437 2 6 Interest receivable —Overdue .. .. 1,286 16 11 Fire Loss Suspense Account .. .. 89 7 0 Interest receivable—Accrued .. .. 5,010 17 0 * Sinking Fund Reinvestment Account .. 1,552 17 0 Insuranoe Premiums Account .. .. 7 3 8 Reserve Fund .. .. .. 1,514 9 0 Sinking Fund Aocount—Public Trustee 6,285 0 0 Cash in hand and in bank at 31st March, 1910 17,350 12 1 Lees unpresented cheques 410 5 9 16,940 6 4 £848,135 18 5 £848,135 18 5 * This sum, which represents the amount of Sinking Fund set up in accordance with the provisions of the Government Advances to Settlers Act, 1908, has since the 31st March, 1910, been paid over to the Public Trustee in order to comply with section 30 of the New Zealand State-guaranteed Advances Act, 1909. J. W. Poynton, Superintendent. W. N. Hinchliffe, N.Z.S.A., Accountant. New Zealand State-guaranteed Advances Office, Wellington, 15th June, 1910. Examined and found correct. —Robert J. Collins, Controller and Auditor-General. 25th July, 1910.

Statement of Profit and Loss Account for the Year ended 31st March, 1910. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. 957 0 9 By Interest Account gross profits .. 2,353 3 8 Balance net profits for the year .. 1,396 211 £2,353 3 8 £2,353 3 8 Loan-flotation charges written off .. 1,423 18 5 Balance as at 31st March, 1909 .. 1,542 4 6 Balance net profits transferred to Re- Net profits for the year .. .. 1,396 211 serve Fund* .. .. .. 1,514 9 0 £2,988 7 5 £2,938 7 5

Statement of Interest Account for the Year ended 31st March, 1910. Dr. £ s. d. £ s. d. Cr. £ s. d. £ 9 . d. To Interest paid on loans .. 16,548 8 5 By Interest on mortgages .. 24,837 16 t Less accrued interest at Interest on bank balances 106 18 0 31st March, 1909 .. 2,682 1 8 24,944 14 1 13,866 6 9 Lesß interest overdue and accrued at Accrued interest payable on loans at 31st March. 1909 .. .. 3,472 7 9 31st March, 1910 .. .. .. 5,988 8 9 - Interest paid on amounts transferred 21,472 6 4 from Settlers Branoh .. .. 5,562 1 1 Interest receivable— Balance Interest Account —Gross profits Overdue at3lstMarch, transferred to Profit and Loss Account 2,353 3 8 1910 .. .. 1,286 16 11 Accrued at 31st March, 1910 .. .. 5,010 17 0 6,297 13 11 £27,770 0 3 £27,770 0 3

Statement of Management Expenses Account for the Year ended 31st March, 1910. Dr. £ s. d. Cr. £ s . d To Postages and telegrams .. .. 100 0 0 By Court costs .. .. .. .. 012 0 Printing and stationery .. .. 27 16 0 Production fees .. .. .. 17 17 0 Salaries .. .. .. .. 700 0 0 Release fees .. .. .. .. 16 15 0 Solicitors' oosts .. .. 120 3 6 Sundries .. .. .. .. 0 8 2 Valuation fees .. .. 44 13 5 Balance transferred to Profit and Loss Account .. .. .. .. 957 0 9 £992 12 11 £992 12 11 ' i ■

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