19

B.—l [Pt. 111].

, STATE ADVANCES OFFICE.—PUBLIC DEBT SINKING FUND BRANCH— continued. Statement of Profit and Loss Account for the Year ended 31st March, 1921. Dr. £ s. d. Gr. £ s. d. To Balance—Net profits for the year .. 70,247 15 11 By Interest Aocount .. .. ..70,247 15 11 £70,247 15 11 £70,247 15 11 £ s. d. £ s. d. To profits as at 31st March, 1920, on By Balance as at 31st March, 1920 .. 260,957 7 1 amounts paid in by— Net profits for the year .. .. 70,247 15 11 Settlers Branch, transferred .. 850 5 1 Workers Branch, transferred .. 398 7 6 Local Authorities Branch, transferred 883 2 1 Balance—Net profits carried forward 329,073 8 4 £331,205 3 0 £331,205 3 0 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. Cr. £ s. d. £ s. d. Interest on amounts paid in by— By Interest on mortgages— Settlers Branch, transferred .. 385 16 0 Settlers .. .. 6,693 6 10 Workers Branch, transferred .. 162 4 3 Less interest overdue and Local Authorities Branch, transferred 367 2 10 accrued at 31st March, Balance transferred to Profit and Loss 192 C .. .. 1,863 14 8 Account .. .. .. .. 70,247 15 11 4,829 12 2 Interest on debentures— Local Authorities .. 36,197 19 0 Less interest overdue and accrued at 31st Maroh, 1920 .. .. 11,083 9 2 -, 25,114 9 10 Interest on bank balances .. .. 5 10 Interest on amounts temporarily transferred to other branches .. .. 23,320 11 4 Interest on mortgages— Settlers — Overdue at 31st £ s. d. March, 1921 .. 600 12 0 Acorued but not due at 31st March, 1921 2,500 7 3 3,100 19 3 Interest on debentures— Local Authorities— Overdue at 31st Maroh, 1921 .. 4,585 2 8 . Accrued but not due at 31st March, 1921 10,207 2 9 • 14,792 5 5 £71,162 19 0 £71,162 19 0 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 27th June, 1921. 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, 1921. Liabilities. Assets. £ s. d. £ s. d. Investment Account — £ s. d. Amount paid in as at Total principal owing on mortgages 31st March, 1921, advanced to settlers .. .. 508,635 19 10 with profits added 1,413,745 3 4 Total principal owing on mortgages Less redemption of advanced to local authorities .. 256,513 5 2 loans .. ... 175,000 0 0 Temporary advances to Settlers Branch 445,000 0 0 1,238,745 3 4 Insurance Premiums Acoount .. 16 7 11 Advances Suspense Acoount .. .. 475 0 0 Interest on mortgages— Suspense Account .. .. .. 178 13 7 SettlersOverdue at 31st March, £ s. d. 1921 .. .. 2,229 8 2 Accrued but not due at 31st March, 1921 .. 5,208 14 4 7,438 2 6 Interest on debenturesOverdue at 31st Maroh, 1921 .. .. 1,783 11 1 Accrued but not due at 31st March, 1921 .. 2,097 6 0 3,880 17 1 Cash in hand and in bank at 31st March, 1921 .. .. .. .. 17,914 4 5 £1,239,398 16 11 £1,239,398 16 11