8.-13

4

BALANCE-SHEET. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1920. Liabilities. £ s. d. [ Assets. £ s. d. Sundry loans .. .. .. 9,283,193 1 10 Investment Account, less total repayTemporary advances from Public Debt ments .. .. .. .. 6,997,716 7 6 Sinking Fund Branoh .. .. 491,962 0 0 Plus mortgage instalments overduo— Temporary advances from Advances principal .. .. .. .. 14,662 15 2 Office Sinking Fund Acoount .. 350,000 0 0 Advances Suspense Aooount .. .. 22,259 9 6 Total principal owing by mortgagors Fire Loss Suspense Account .. .. 916 4 10 at 31st March, 1920 ' .. .. 7,012,379 2 8 Suspense Account .. .. .. 5,826 8 9 Mortgage instalments overdue—interest 28,919 8 8 Reserve Fund .. .. .. 50,000 0 0 Interest on mortgages, accrued but not Interest payable on loans, acorued but due .. .. .. .. 77,022 2 6 not due .. .. .. .. 74,94119 11 Temporary advances to Workers Branch 100,000 0 0 Interest payable on deposits, accrued Temporary advances to Local Authobutnotdue .. .. .. 1 14 4 rities Branch .. .. .. 100,000 0 0 Profit and Loss Account .. .. 522,028 111 Temporary investments .. .. 2,391,773 7 9 Interest on temporary investments, acorued but not due .. .. 33,224 9 6 Insurance Premiums Account .. 466 1 6 Office Furniture and Equipment Aooount 1,288 18 8 Sinking Funds— £ s. d. Public Trustee .. 302,904 13 9 Advances Office Sinking Fund Acoount 619,673 11 0 Public Debt Sinking Fund Branch .. 8,082 16 5 930,661 1 2 Gash in bank at 31st March, 1920 .. 125,394 8 8 £10,801,129 1 1 £10,801,129 1 1 Statement of Profit and Loss Account for the Year ended 31st March, 1920. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. 12,402 17 5 By Interest Account—gross profit< .. 64,270 8 5 Losses on realization of securities, and doubtful securities written down .. 972 1 0 Balance —net profits for the year ended 31st March, 1920 .. .. .. 50,895 10 0 £64,270 8 5 £64,270 8 5 £ s. d. £ s. d. Office Furniture and Equipment Ac- Balance as at 3ist March, 1919 .. 471,275 16 2 count written down .. .. 143 4 3 Net profits for the year .. .. 50,895 10 0 Balanoe—net profits carried forward.. 522,028 111 £522,171 6 2 £522,171 6 2 Statement of Intbhest Account for the Year ended 31st March, 1920. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest paid on loans.. 345,239 4 6 By Interest received on Less accrued interest at mortgages .. 337,967 9 8 31st March, 1919 .. 74,810 911 Less overdue and . 270,428 14 7 acorued at 31st Interest payable on March, 1919 .. 117,99119 4 loans, accrued but 219,975 10 4 not due at 31st Interest on bank balances .. .. 415 3 0 March, 1920 .. .. 74,941 19 11 Interest on temporary advances to Interest paid on deposits 9 4 8 other branches .. .. 7,942 9 0 Less aoorued interest at Interest on temporary £ s. d. 31st March, 1919 .. 3 7 2 investments .. 95,089 8 1 5 17 6 Less acorued interest Interest payable on deposits accrued at at 31st March, 1919 25,764 4 4 31st March, 1920 .. .. 1 14 4 69,325 3 9 Interest paid on amounts temporarily Interest on temporary investments transferred from other branches .. 27,175 12 0 aoorued at 31st March, 1920 .. 33,224 9 6 Balance —gross profits transferred to Interest on mortgages— Profit and Loss Account .. .. 64,270 8 5 Overdue at 31st £ s. d. March, 1920 .. 28,919 8 8 Acorued but not due at 31st Maroh, 1920 .. .. 77,022 2 6 105,941 11 2 £436,824 6 9 £436,824 6 9