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Statement of Interest Account for the Year ended 31st March, 1920. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest paid on loans .. 95,854 7 6 By Interest on mortgages ..119,212 11 7 Loss interest acorued at Less interest overdue and 31st March, 1919 .. 24,922 11 8 aooruod at 31st Maroh, . 70,931 15 10 ! 1919 .. .. 42,926 12 4 Interest paid on amounts temporarily ■ 76,285 19 3 transferred from Settlers Branch .. 7,342 9 1 Interest on bank balances .. .. 53 12 0 Interest payable on loans, accrued but Interest on mortgages — notdue .. .. .. .. 24,922 11 8, Overdue at 31st Balance — profits transferred to March, 1920 .. 9,537 8 2 Profit and Loss Account .. .. 10,728 11 5 Aoorued but not due at 31st March, 1920 .. 28,048 8 7 37,585 16 9 £113,925 8 0 £113,925 8 0 Statement of Management Expenses Account for the Year ended 31st March, 1920. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 150 0 0 By Consent fees.. .. .. .. 0 5 0 Post Office services .. .. .. 400 0 0 Court costs .. .. .. .. 0 4 0 Postages and telegrams .. .. 149 2 1 Release fees .. .. .. .. 264 15 0 Printing and stationery .. .. 200 0 0 Search and registration fees .. .. 14 3 2 Production fees .. .. .. 15 0 Sundries .. .. .. .. 914 2 Salaries .. .. .. .. 2,405 0 0 Balanoe transferred to Profit and Loss Solicitor's costs .. .. .. 8 9 5 Acoount .. .. .. .. 3,274 15 2 Valuation Department—agency work .. 250 0 0 £3,563 16 6 £3,563 16 6 Wm. Waddel, Deputy Superintendent. W. N. Hinchlifpe, Accountant. State Advances Office, Wellington, 25th -Tune, 1920. Examined and found correct. —Eobekt J. Collins, Controller and Auditor-General.

ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1920. Liabilities. £ g, d. Assets. Sundry loans .. .. .. 2,775,529 0 0 Investment Account, less £ s. d. £ s. d. Money reoeived from Treasury in accord- total repayments— ance with section 72, Local Bodies' Local bodies .. 2,112,951 13 0 Loans Act, 1913 .. .. .. 3,987 12 10 Seotion 70, Local Temporary loans from Public Debt Sink- Bodies' Loans Aot, ing Fund Branch .. .. .. 155,038 0 0 1913 .. .. 43,596 8 2 Temporary loan from Settlers Branch .. 100,000 0 0 2,156,548 1 2 Suspense Account .. .. .. 73 2 6 Plus debenture instalInterest on loan-moneys, aoorued but not ments overdue— due .. .. .. .. 36,385 6 7 principal— Local bodies .. 3,595 18 8 Seotion 70.. .. 277 11 0 3,873 9 8 Total balanoe of principal owing on debentures .. .. .. 2,160,421 10 10 Interest on debentures— Looal bodies— Overdue at 31st £ s. d. March, 1920 .. 7,322 2 2 Aoorued but not due at 31st Maroh, 1920 18,617 14 1 Seotion 70— Overdue at 31st March, 1920 .. 673 9 2 . Aoorued but not due at 81st Maroh, 1920 383 6 11 26,996 12 4 Loan Charges Account .. .. 39,113 5 0 Temporary investments .. .. 545,226 12 3 Interest accrued but not duo on temporary investments .. .. 9,351 3 5 Sinking Funds— £ s. d. Publio Trustee .. 48,461 0 5 Advances Office Sinking Fund Acoount .. 146,002 16 7 Public Debt Sinking Fund Branch .. 7,617 14 3 : 202,081 11 3 Profit and Loss Account .. .. 60,896 10 3 Cash in bank at 31st March, 1920 .. 26,925 16 7 £3,071,013 1 11 £3,071,013 1 11