5

8.—13

Statement of Peofit and Loss Account for the Year ended 31st March, 1914. Dβ. £ s. d. Gβ. £ s. d. To Management Expenses Aooount .. 11,264 9 8 By Interest Aooount—gross profits .. 93,483 16 5 Doubtful securities—written down .. 267 7 1 Losses on securities .. .. 57 13 10 Balanoe—net profits for the year ended 31st March, 1914 .. .. .. 81,894 5 10 £93,483 16 5 £93,483 16 5 £ s. d. £ s. d. Loan charges—written down .. 32,976 3 6 Balance at 31st March, 1913 .. 237,44112 0 Office Furniture and Equipment Ac- Net profits for the year .. .. 81,894 510 count—written down .. .. 116 10 7 Balance—net profits carried forward.. 286,243 3 9 £319,335 17 10 £319,335 17 10

Statement of Intebest Account for the Year ended 31st March, 1914. Dr. £ s. d. £ s. d. Oβ. £ s. d. £ s. d. To Interest paid on loans.. 285,214 7 9 By Interest received on Less accrued interest at mortgages .. 319,845 15 5 31st March, 1913 .. 58,832 18 10 Less overdue and ac226,381 8 11 crued at 31st March, Accrued interest pay- 1913 .. .. 92,247 5 1 able on loans at 31st 227,598 10 i March, 1914 .. 56,677 16 1 Interest on bank balances .. .. 1,375 0 0 Interest paid on deposits 15 4 9 Interest on amounts temporarily adLess accrued interest at vanced to other Branches .. 7,997 19 8 31st March, 1913 .. 7 19 5 Interest on temporary 7 5 4 investments .. 7,969 12 10 Accrued interest payable on deposits at Less accrued interest 31st March, 1914 .. .. 8 5 1 at 31st Maroh, 1913 894 0 2 Interest paid on amounts : 7,075 12 8 transferred from other Accrued interest on amounts deposited Branches .. .. 1,722 11 4 in London .. .. .. 1,700 0 0 Less accrued interest at Interest on sinking fund held by Publio 31st March, 1913 .. 103 12 7 Trustee (acorued) .. .. 14,001 2 2 1,618 18 9 Interest on mortgages— Balance—gross profits transferred to Overdue at 31st Profit and Loss Account .. .. 93,483 16 5 March, 1914 .. 26,263 9 6 Acorued but not due at 31st March, 1914 .. .. 92,165 16 3 ■ 118,429 5 9 £378,177 10 7 £378,177 10 7

Statemknt of Management Expenses Account for the Year ended 31st March, 1914. Dβ. £ s. d. Cβ. £ s. d. To Audit Office services .. .. .. 300 0 0 By Consent fees .. .. .. 31 15 0 Court costs .. .. .. .. 0 6 0 Mortgage fee .. .. .. 0 5 0 Commission on money collected .. 2 11 11 Production fees .. .. .. 551 5 0 Inspection fees .. .. .. 3 0 0 Release fees .. .. .. 328 10 3 Overtime, payment for .. .. 128 14 3 Search and Registration fees .. .. 73 17 10 Petty general expenses .. .. 77 1 7 Sundries .. .. .. .. 35 8 1 Plans of Wellington City and Suburbs.. 25 0 0 Balance transferred to Profit and Loss Postages and telegrams .. .. 358 17 4 Account .. .. .. .. 11,264 9 8 Post Office services .. .. .. 588 1 5 Printing and stationery .. .. 403 19 9 Salaries .. .. .. .. 9,678 13 7 Solicitor's costs .. .. .. 12 6 11 Telephones .. .. .. .. 33 10 6 Travelling-expenses .. .. .. 173 7 7 Valuation Department—agency work .. 500 0 0 £12,285 10 10 £12,285 10 10 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 23rd June, 1914. Examined and found correct.—Robeet J. Collins, Controller and Auditor-General.