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Statement of Management Expenses Account for the Year ended 31st March, 1917. Dr. £ s. d. I Or. £ & d. To Contribution to Audit Office .. .. 50 0 0; By Sundries .. .. ... .. 0 3 6 I'ost Office services .. .. .. 100 0 0 i Balance transferred to.Profit and Loss Postages and telegrams .. .. 150 0 0 Account .. .. .. .. 724 16 6 Printing and stationery .. .. 125 0 0, Salaries .. .. 300 0 0 £725 0 0 £725 _0_ 0 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 2nd July, 1917. Examined and found correct. —Robert J. Collins, Controller and Auditor-General.

ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1917. Liabilities. £ s. d. Assets. £ s. d Total amount paid in as at 31st Maroh, Investment Account, less total repay--1916 .. .. .. .. 399,742 011 ments— Amounts paid in for Advances made to £ s. d. year ended 31st Settlers .. 374,990 4 1, March, 1917— Advances made to Advances to Settlers £ s. d. Local Bodies .. 44,077 1 8 Branch .. .. 84,640 2 0 . 419,067 5 9 Advances to Workers Plus mortgage instalments overdue — Branch .. .. 21,879 14 9 principalAdvances to Local Advances made to Authorities Branch.. 20,580 13 7 Settlers .. 348 2 9 127,100 10 10 Advanoes made to Advances Suspense Acoount .. .. 1,985 0 0 Looal Authorities 10 8 6 Suspense Account .. .. .. 102 12 0 358 11 3 Profit and Loss Account .. ~ 80,670 4 7 Total balance of prinoipal owing by mortgagors at 31st, Maroh, 1917 .. 419,425 17 0 Temporary advances to Settlers Branch 155,000 0 0 Insurance Premiums Account... .. 3 10 Interest on mortgages— Settlers—overdue at 31st £ s. d. Maroh, 1917 .. 1,045 11 11 , Settlers--accrued but not due at 31st Maroh, 1917 .. .. 3,673 12 0 Looal authorities — overdue at 31st March, 1917 .. .. 37 19 0 Local authorities — acorued but not due at 31st March, 1917 .. 429 5 4 5,186 8 3 Cash in hand and in bank at 31st Maroh, 1917 .. .. .. 29,985 2 1 £609,600 8 4 £609,600 8 4 Statement of Profit and Loss Account for the Year ended 31st March, 1917. Db. . £ s. d. Cb. £ 8 , a. To Balance—net profits for the year .. 34,998 15 8 By Interest Account .. .. ..34 996 0 9 Management Account—sundry fees .. 2 14 11 £34,998 15 8 15 8 £ s. 6. £ g, a. Balance -not profits carried forward 80,670 4 7 Balance at, 31st Maroh, 1916 .. 45,671 811 Net profits for the yoar .. .. 34,998 15 8 £80,670 4 7 4 7

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