8.—13

12

GUAEANTEED MINING ADVANCES BEANCH. Statement of Liabilities and Assets as at 31st March, 1913. Liabilities. £ s. d. Assets. £ s. d. Amount of loans .. .. .. 15,000 0 0 Investment Account, less repayments.. 5,300 0 0 Advances from Local Authorities Branch 465 0 0 Amount transferred to Settlers Branch 10,000 0 0 Interest payable on loans, accrued but Interest on mortgages, accrued but not not due .. .. .. .. 190 15 5 due .. .. .. .. 97 14 4 Insurance Premiums Account .. 18 9 Interest on amount transferred, accrued Profit and Losa Account .. .. 49 10 1 but not due .. .. .. 103 12 7 Sinking Fund Account .. .. 202 0 0 Gash in hand and in bank at 31st March, 1913 ... .. .. 374 £13,706 14 3 £15,706 14 3

Statement of Profit and Loss Account for the Year ended 31st March, 1913. De. £ s. d. Cβ. £ s. d. To Balance —net profits for the year .. 56 1 7 By Interest Account .. .. .. 55 16 7 Management Account .. .. 0 5 0 £56 17 £56 1 7 £ s. d. £ s. d Loan-flotation charges written off .. 50 0 0 Balance at 31st March, 1912 .. 43 8 6 Balance carried forward .. .. 49 10 1 Net profits for the year .. .. 56 1 7 £99 10 1 £99 10 1

Statement of Interest Account for the Year ended 31st March, 1913. Dβ. £ a. d. £ a. d. Cβ. £ s. d. £ s. d. To Interest paid on loans .. 300 15 5 By Interest on mortgages .. 235 15 9 Interest paid on amount Less interest accrued but transferred from Local not due at 31st March, Authorities Branch .. 65 9 2 1912 .. .. 90 12 4 366 4 7 Interest on amount transferred to Less interest aoorued but Settlers Branch .. .. .. 192 2 5 not due at 31st March, Interest on sinking fund .. .. 2 0 0 1912 .. .. 72 3 10 Interest on mortgages aocrued but not 294 0 9 due at 31st March, 1913 .. .. 97 14 4 Interest payable on loans aocrued but Interest on amount transferred to not due at 31st March, 1913 .. 190 15 5 Settlers Branch, accrued but not due Balance—transferred to Profit and Loss at 31st March, 1913 .. .. 103 12 7 Account .. .. .. .. 55 16 7 £540 12 9 £540 12 9

Statement of Eeceipts and Expenditure for the Year ended 31st March, 1913. Receipts. £ s. d. Expenditure. £ s. d. To Loan raised .. .. .. 10,000 0 0 By Advance on mortgage .. .. 400 0 0 Temporary advance from Local Advances Suspense Acoount .. 100 0 0 Authorities Branch .. .. 440 0 0 Interest on loans .. .. .. 300 15 5 Interest on mortgages .. .. 235 15 9 Interest on amount transferred from Interest on amount transferred to Local Authorities Branch .. 65 9 2 Settlers Branch .. .. .. 192 2 5 Loan-flotation charges .. .. 50 0 0 Insurance premium .. .. 18 9 Sinking fund—Public Trustee .. 150 0 0 Part mortgage repaid .. .. 200 0 0 Amount transferred to Settlers Production fee .. .. .. 0 5 0 Branch .. .. ~ 10,000 0 0 Cash in hand and in bank at 31st Maroh, 1913 .. .. .. 3 7 4 £11,069 11 11 . 11 11 G. F. G. Campbell, Superintendent. W. N. Hinchlippe, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 11th June, 1913. Examined and found correct —Eobekt J. Collins, Controller and Auditor-General.