8.—13

Statement of Management Expenses Account for the Year ended 31st March, 1920. Dr. £ s. d. Cr. £ s. d To Balance transferred to Profit and Loss By Consent foes.. .. .. .. 0 5 0 Aocount .. .. .. .. 918 11 Production fees .. .. .. 0 5 0 Release fees .. .. .. .. 9 5 0 Sundries .. .. .. .. 0 3 11 •• • • £9 18 11 £9 18 11 Wm. Waddel, Deputy Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 25th June, 1920. 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, 1920. Liabilities. Assets. Total amount paid in as at £ s. d. £ s. d. Investment Account, less & s. d. £ s. d. 31st March, 1919 ..879,24110 3 total repayments .. 523,556 18 10 Less redemption of loans 175,000 0 0 plus mortgage mstal704 241 10 3 ments overdue — prinAmounts paid in for year ended 31st _ <=ip»l . • • . • • 747 5 3 March 1920— Total P" nol P al owm S on Advances to Settlers £ s. d. mortgages advanced to settlers .. 524,304 4 1 Branch .. .. 84,512 12 7 Investment Account, less £ s d. Advances to Workers total repayments .. 136,542 5 4 Branch .. .. 21,106 3 1 Plus debenture instalAdvances to Local ments overdue - pnnAuthorities Branch.. 20,580 13 7 m CI P al .. ;• . •• 10 ° 8 n 126,199 9 3 Total principal owing by Advances Suspense Account .. .. 2,370 0 0 local authorities . IZfifmU 3 Suspense Account . .. .. 1,305 10 6 Temporary advances to Settlers Branch 350,000 0 0 Profit and Loss Account .. .. 219,240 19 10 Insurance Premiums Account.. .. 4 6 0 Interest on mortgages— Settlers — Overdue at 31st March, £ s. d. 1920 .. .. 1,944 19 5 Accrued but not due at 31st March, 1920 '.. 5,453 10 4 ■ 7,398 9 9 Interest on debentures — Local authorities — Overdue at 31st Maroh, 1920 .. .. 342 4 7 Accrued but not due at 31st March, 1920 .. 1,290 10 10 1,632 15 5 Cash in bank at 31st Maroh, 1920 .. 33,375 0 4 £1,053,357 9 10 £1,053,357 9 10 Statement of Profit and Loss Account for the Year ended 31st March, 1920. Dr. £ s. d. Gr. £ s. d. To Balance—net profits for the year .. 53,210 3 9 By Interest Account .. .. .. 53,185 8 5 Management Account —sundry foos .. 24 15 4 £53,210 3 9 £53,210 3 9 £ s. d. £ s. d. Balance—net profits carried forward 219,240 19 10 Balance at 31st Maroh, 1919 .. 166,030 16 1 Net profits for the year .. .. 53,210 3 9 £219,240 19 10 £219,240 19 10

2— B. 13.

9