8.—13

8

ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1917. Liabilities. £ s. d. Assets. Sundry loans.. .. .. .. 2,775,529 0 0 Investment Account, less £ s. d. £ s. d. Money received from Treasury in accord- total repayments— ance with section 72, Local Bodies' Local bodies .. 2,125,718 6 2 Loans Act, 1913 .'. .. .. 3,890 18 0 Seotion 70, Looal Temporary loan from Settlers Branoh .. ' 50,000 0 0 j Bodios' Loans Act, Interest on loan-moneys, accrued but not 1913 .. .. 45,410 14 0 due .. .. .. .. 36,522 7 2 2,171,129 0 2 Suspense Acoount .. .. .. 1,180 11 11 Plus mortgage instalments overdueprincipal— Looal bodies .. 2,057 17 9 Soction 70, Local Bodies' Loans Act, 1913 .. .. 11l 19 5 2,169 17 2 Total balance of principal owing on mortgages .. .. .. 2,173,298 17 4 Interest on mortgages - Looal bodiesOverdue at 31st £ s d. Marcb, 1917 .. 4,884 8 3 Aocrued but not due at 31st March, 1917 18,981 14 4 Bection 70— Overdue at 31st March, 1917 .. 320 1 3 Accrued but not duo at 31st March, 1917 440 0 2 24,626 4 0 Loan Charges Account .. 39,113 5 0 Tomporary investments .. .. 390,188 12 3 Interest accrued but not due on tern porary invostmen s .. 6,943 1 5 Sinking Funds— £ s. d. Public Trustee .. 48,461 0 5 Advances Office Sinking Fund Account .. 84,260 15 10 Public Debt Sinking Fund Branch .. 4,052 0 0 136,773 16 3 Profit and Loss Account .. .. 55,880 11 1 Cash in hand and in bank at 31st March, 1917 .. .. .. 40,298 9 9 £2,867,122 17 1 £2,867,122 17 1 Statement of Profit and Loss Account for the Year ended 31st March, 1917. Db. £ s. d. Or. £ s. d 1 To Balaneo, Interest Account .. .. 429 16 1 By Balance—loss for the year .. .. 1,154 12 7 Balance, Management Expenses Account 724 16 6 £1,154 12 7 £1,154 12 7 £ s. d. £ s. d. Balance as at 31st Maroh, 1916 .. .. 54,725 18 6 Balance .. .. .. .. 55,880 11 1 Losses for the year .. .. .. 1,154 12 7 £55,880 11 1 j £55,880 11 1 Statement of Interest Account for the Year ended 31sfc March, 1917. Da. £ s. d. £ s. d. Ob. £ s. d. £ s. d. To Interest paid on loans .. 103,195 12 6 By Interest on mortgages Less accrued interest at Local bodies .. 78,601 3 1 31st March, 1916 .. 36,522 7 2 Section 70 .. .. 1,964 3 3 66,673 5 4 Interest paid on temporary loans from 80,565 6 4 Settlers Branch .. .. .. 1,480 10 10 Less interest overdue and Accrued interest payable on loans at accrued at 31st March, 31st March, 1917 .. .. .. 36,522 7 2 1916 .. .. 22,652 17 9 57,912 8 7 Interest on temporary investments .. .. 17,151 7 4 Less interest acorued at 31st Maroh, 1916 .. 2,386 14 1 14,764 13 3 Interest on temporary investments, accrued but not due .. .. 6,943 1 5 Interest on mortgages— Overdue at 31st March, 1917 .. .. 5,204 9 6 Accrued but not due at 31st March, 1917.. 19,421 14 6 24,626 4 0 Balance transferred to Profit and Loss Aooount .. .. .. .. 429 16 1 £104,676 3 4 £104,676 3 4