35

IPt. 11l

STATE ADVANCES OFFICE.—ADVANCES TO LOCAL AUTHORITIES BRANCH— inUmued, Statement of Management Expenses Account for the Year ended 31st March, 1922. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Management charges, Now Zealand stock Account .. .. .. .. 1,022 8 2 and bonds .. .. .. .. 171 8 2 Post Office services . . .. .. 100 0 0 Postages and telegrams. . .. .. 150 0 0 Printing and stationery.. .. .. 125 0 0 Rent..' .. ' . . .. .. 40 0 0 Salaries ... .. .. .. 380 0 0 £1,022 8 2 £1,022 8 2 Statement of Liabilities and Assets as at 31st March, 1922. Liabilities. £ s. d. Assets. £ s. d. Sundry loans.. .. .. .. 2,779,516 12 10 Investment Account—Principal owing by Temporary advances from Settlers Branch 409,000 0 0 local bodies .. .. .. 2,434,844 6 10 Temporary advances from Public Debt Interest on debentures — Sinking' Fund Branch .. .. 155,038 0 0 Overdue at 31st March, £ s. d. Interest on loans, accrued but not due .. 36,385 6 7 1922 10,478 15 4 Sinking Fund .. .. .. 59,634 10 8 Accrued but not due at 31st March, 1922 .. 19,596 4 3 30,074 19 7 Loan Charges Account .. .. 32,072 5 0 Temporary investments .. .. 545,226 12 3 Interest on temporary investments, accrued but not due .. .. .. 9,351 3 5 Sinking Fund investments — £ s. d. Held by Public Trustee 48,461 0 5 Advances Office Sinking Fund Account .. 222,559 13 10 Public Debt Sinking Fund Branch .. 11,700 11 10 282,787 6 1* Profit and Loss Account .. .. 76,968 3 4 Cash in hand and in bank at 31st March, 1922 .. .. .. .. 28,249 13 7 £3,439,574 10 1 £3,439,574 10 1 * This amount includes the sum of £223,153 15s. sd. capital paid into the sinking funds under the provisions of the State Advances Act. WM. W addel, Superintendent. State Advances Office, Wellington, 6th June, 1922. W. N. Hinchliffe, Accountant. The Audit Office, having examined the balance-sheet and accompanying accounts, and compared them with the relative books, documents, and securities, hereby certifies them to be in accordance therewith. — G. F. C. Campbell, Controller and Auditor-General. PUBLIC DEBT SINKING FUND BRANCH. Statement of Interest Account for the Year ended 31st March, 1922. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest, on investments transferred to Sink- By Interest on mortgages — ing Fund Account .. .. .. 88,766 110 Loans to settlers .. 10,650 1 0 Less overdue and accrued at 31st March, 1921 .. 3,100 19 3 7,549 1 9 Interest on debentures— Loans to local bodies .. 49,216 1 2 Less overdue and accrued at 31st March, 1921 ..14,792 5 5 34,423 15 9 Interest on bank balances .. .. 3 12 0 Interest on moneys temporarily transferred to other branches .. .. .. 17,596 19 11 Interest on mortgages— Loans to settlers— Overdue at 31st March, 1922 .. .. 1,224 16 2 Accrued but not due at 31st March, 1922 .. 2,769 5 1 3,994 1 3 Interest on debentures — Loans to local bodies— Overdue at 31st March, 1922 .. .. 4,284 10 5 Accrued but not duo at 31st March, 1922 ..14,425 14 8 ——— 18,710 5 1 Accrued interest on amount short paid by Treasury .. .. .. .. 0,488 6 1 £88,766 1 10 £88,766 1 10