8.—13

6

Statement of Management Expenses Account for the Year ended 31st March, 1916. Db. £ s. d. , Ce. £ s. d. To Audit Office servioes .. .. .. 300 00j By Consent fees .. .. .. 28 6 0 Commission on money eolleoted .. 20 15 0 j Court oosts .. .. .. 2 10 Inspection feeß .. .. .. 4 810 Production fees .. .. .. 695 15 6 Petty general expenses .. .. 120 4 5 Release fees .. .. .. 331 11 2 Postages and telegrams .. .. 360 14 0 Balance transferred to Profit and Loss Post Office services .. .. 562 16 7 Acoount .. .. .. .. 9,727 16 0 Printing and stationery .. .. 373 11 9 Repairs to mechanical applianoes 20 13 7 Salaries .. .. .. .. 8,285 14 4 Solioitors' oosts .. .. .. 10 6 9 Telephones .. .. .. .. 33 811 Travelling expenses .. .. .. 192 9 6 Valuation Department—agenoy work .. 500 0 0 £10,785 3 8 £10,785 3 8 G. F. C Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 17th May, 1916. Examined and found correct. —Robert J. Collins, Controller and Auditor-General.

ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1916. Liabilities. Assets. £ s. d. £ s. d. Investment Acoount, less total repay- £ s. d. Sundryloane ..2,507,762 17 10 ments .. .. .. ..2,556,955 7 8 Temporary loans from Plus mortgage instalments overdue Settlers Branoh .. 220,000 0 0 —principal .. .. .. 5,948 17 3 2,727,762 17 10 Interest payable on loans, accrued but Total principal owing by mortgagors notdue .. .. .. .. 20,292 8 4 at 31st March, 1916 .. ..2,562,904 4 11 Advances Suspense Aooount .. .. 8,900 2 0 Mortgage instalments overdue —interest 11,786 5 8 Suspense Account .. .. .. 304 8 6 Interest on mortgages, accrued but not Reserve Fund, boing net profits trans- due .. .. .. .. 30,704 19 5 ferred .. .. .. .. 15,426 2 8 Loan Charges Acoount .. .. 58,000 0 0 Insuranoe Premiums Aooount .. 197 15 5 • v » Sinking Funds — £ s. d. Publio Trustee .. 2,715 17 9 Advances Offioe Sinking Fund Branch .. 69,566 7 11 Public Debt Extinction Fund Branch .. 1,185 10 0 73,467 15 8 Cash in hand and in bank at 31st March, 1916 .. .. .. 35,624 18 3 £2,772,685 19 4 £2,772,685 19 4

Statement of Profit and Loss Account for the Year ended 31st March, 1916. Da. £ s. d. | Cb. £ s. d. To Management Expensoß Account .. 3,141 6 4 By Interest Account —gross profits .. 15,437 14 1 Losses on realization of securities and doubtful securities written down .. 126 18 3 Balanoe—net profits for the year .. 12,169 10 6 £15,437 14 1 £15,437 14 1 £ s. cl. £ s. d. Loan oharges written down .. .. 11,108 19 9 Net profits for the year .. .. 12, 169 10 6 Balanoe—net profits transferred to Reserve Fund .. .. .. 1,060 10 9 £12,169 10 6 £12,169 10 6