7

B.—lB

ADVANCES TO WOKKEES BRANCH. Statement of Liabilities and Assets as at 31st March, 1913. Liabilities. £• s. d. i Assets Sundry loans .. .. .. 2,096,941 12 7 Investment Account— £ s. d. Interest payable on loans accrued but Less total repayments of principal .. 2,005,689 5 1 not due .. .. ... .. 22,182 3 1 'Plus mortgage instalments overdue— Advances Suspense Aocount .. .. 16,288 19 0 principal .. .. .. 2,228 0 '2 Fire Loss Suspense Aocount .. .. 650 0 0 Eeaerve Fund .. .. .. 12,542 5 3 Total principal owing by mortgagors at 31st March, 1913 .. .. 2,007,917 5 3 •Mortgage instalments overdue—interest 5,553 11 9 Interest on mortgages accrued but not due .. .. .. .. 18,972 9 9 Interest on temporary advances accrued but not due .. .. .. 405 12 4 Loan-flotation oharges .. .. 25,819 18 3 Insuranoe Premiums Account .. 87 8 10 Temporary advance to Native Land Settlement Branch .. .. 23,500 0 0 Sinking Fund Account .. .. 52,715 17 9 Suspense Account .. .. .. 14 3 7 Cash in hand and in bank at 31st March, 1913 .. .. .. 13,618 12 5 £2,148,604 19 11 • £2,148,604 19 11 - ■ " •; I - . , „.. * Of the mortgage instalments overdue, a large percentage had been received by Postmasters at 31st March, 1913, and was in course of transit to this office.

Statement of Profit and Loss Account for the Year ended 31st March, 1913. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. 2,392 13 i By Interest Account—gross profits .. 13,835 7 7 Loss on realization of securities .. 179 17 4 Balanoe —net profits for the year .. 11,262 16 11 £13,835 7 7 £13,835 7 7 " I Loan-flotation charges written down .. 10,000 0 0 Net profits for the year .. .. 11,262 16 11 Balance net profits transferred to Reserve Fund .. .. .. 1,262 16 11 £11,262 16 11 ! £11,262 16 11

Statement of Interest Account for the Year ended 31st March, 1913. Dβ. £ s. d. £ s. d. ! Cβ. £ a. A. £ s. d. To Interest paid on loans .. 58,645 9 5 By Interest on mortgages .. 76,886 10 2 Less interest accrued at Less interest overdue and 31st March, 1912 .. 15,832 5 7 acorued at 31st March, ■ 43,313 3 10! 1912 .. .. 18,184 16 10 Interest payable on loans at 31st 58,701 13 4 March, 1913, acorued but notjdue .. 22,182 3 1 Interest on bank balances .. .. 200 0 0 Interest paid on amounts transferred Interest on sinking fund .. .. 1,221 0 0 from Settlers Branch .. .. 5,722 4 7 Interest on temporary advance acorued Interest refunded .. .. .. 18 1 but not due .. .. .. 405 12 4 Balance — gross profits transferred to Interest receivable on Profit and Loss Account .. .. 13,835 7 7 mortgages— Overdue at 31st March, 1913 .. 5,553 11 9 Accrued but not due at 31st March, 1913 .. 18,972 9 9 24,526 1 6 £85,054 7 2 £85,054 7 2