B.—l rPr. 11l

36

STATE ADVANCES OFFICE.—PUBLIC DEBT SINKING FUND BRANCH— continued. Statement of Liabilities and Assets as at 31st March, 1922. Liabilities, £ s. d. £ s d. Assets. £ s. d. £ s. d. Sinking Fund created Investment Account— under the provisions of Principal owing on the Public Debt Ex- loans to settlers .. 258,816 9 5 tinction Act, 1910 — Principal owing on Total fund as at 31st loans to local auMarch, 1921... .. 1,871,205 6 1 thorities .. .. 1,404,643 2 7 Principal received from 1,663,459 12 0 Treasury during the Temporary advances to Settlers Branch .. 300,902 0 0 year .. .. 203,132 0 0 Temporary advances to Local Authorities Interest earned by the Branch .. .. .. .. 155,038 0 0 fund transferred from Insurance Premiums Account .. .. 3 10 0 Interest Account .. 88,766 1 10 Interest on mortgages— Principal short paid by Loans to settlers— Treasury as at 31st Overdue at 31st March, 1921.. .. 142,472 0 0 March, 1922 .. 1,224 16 2 Accumulated interest on Accrued but not due principal short paid by at3lstMarch, 1922 2,769 5 1 Treasury as at 31st 3,994 1 3 March, 1921.. .. 7.755 0 0 Interest on debentures — ' • 2,313,330 7 11 Loans to local bodiesAdvances Suspense Account .. .. 1,169 9 6 Overdue at 31st Fire Loss Suspense Account .. .. 900 0 (I March, 1922 .. 4,284 10 5 Suspense Account .. .. .. 116 16 8 Accrued but not duo at 31st March, 1922 14,425 14 8 18,710 5 1 Sinking Fund Adjustment Account — Amount short paid by Treasury .. 150,227 0 II Accrued interest on amount short paid by Treasury .. .. .. .'. 0,488 0 1 Cash in hand and in bank at 31st March, 1922 .. .. .. .. 10,633 19 S £2,315.510 14 1 £2,315,5.10 14 1 Wm. Waddel, 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. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Interest Account for the Year ended 31st March, 1922. Dr. £ s. d. Or. £ s. d. £ s. cl. To interest on investments of the Settlers By Interest on mortgages— Branch transferred to the Sinking Fund Loans to settlers .. 23,443 3 2 Account .. .. .. .. 56,215 12 10 Loans to workers .. 3 3 3 Interest on investments of the Workers Branch transferred to the Sinking Fund 23,446 6 5 Account .. .. .. . • 2,982 4 4 Less overdue and accrued Interest on investments of the Local Autho- at 31st March, 1921 .. 7,438 2 6 ritics Branch transferred to the Sinking —16,008 3 II Fund Account .. .. .. 11,512 14 10 Interest on debentures — Loans to local bodies .. 12,895 810 Less overdue and accrued at 31st March, 1921 .. 3,880 17 1 9,014 11 9 Interest on bank balances .. .. 215 0 Interest on moneys temporarily transferred to Settlers Branch .. .. .. 15,373 6 9 Accruod interest on sinking funds held by Public Trustee .. .. .. 15,933 13 8 Interest on mortgages— Loans to settlors— Overdue at 31st March, 1922 .. .. 3,065 2 11 Accrued but not due at 31st March, 1922 .. 7,288 0 6 10,353 3 5 Interest on mortgages— Loans to workers — Overdue at 31st March, 1922 .. .. 14 14 0 Accrued but not due at 31st March, 1922 .. 445 9 5 400 3 11 Interest on debentures— Loans to local bodies— Overdue at 31st March, " 1922 .. .. 1,107 9 7 ■■-• - Accrued but not due at 31st March, 1922 .. 2,397 4 0 -- 3,564 13 7 £70,710 12 0 £70,710 12 0