37

B.—l [Pt. 11l

STATE ADVANCES OFFICE.—ADVANCES OFFICE SINKING FUND ACCOUNT— continued. Statement of Liabilities and Assets as at 31st March, 1922. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Principal received as at Investment Account— 31st March, 1921, Principal owing on loans to settlers .. 719,496 14 7 with accumulated in- Principal owing on loans to workers .. 49,710 0 0 torest— Principal owing on loans to local bodies. . 302,911 13 10 From tho Advances to Temporary advances to Settlers Branch .. 219,000 0 0 Settlers Branch .. 963,034 811 Insurance' Premiums Account, .. .. 21 17 2 Interest for year Interest on mortgages— ended 31st March, Loans to settlers— £ s. d. 1922 .. .. 56,215 12 10 Overdue at 31st March, From the Advances to 1922 .. .. 3,065 2 11 Workers Branch.. 239,663 15 5 Accrued but not due at Interest for year 31st March, 1922 ..7,288 0 0 ended 31st March, 10,353 3 5 1922 .. .. 2,982 4 4 Interest on mortgages— From the Advances to Loans to workers — Local Authorities Overdue at 31st March, Branch.. .. 211,046 19 0 1922 .. .. 14 14 0 Interest for ycat Accrued but not due at ended 31st March, 31st March, 1922 .. 445 9 5 1922 .. .. 11,512 14 10 460 311 Interest on debentures — 1,484,455 15 4 Loans to local bodies — Less redemption of Overdue at 31st March, loans—Workers 1922 .. .. 1,167 9 7 Branch .. .. 175,000 0 0 Accrued but not due at -1,309,455 15 4 31st March, 1922 ..2,397 4 0 Advances Suspense Account .. .. 20,410 0 0 3,564 13 7 Fire Loss Suspense Account . . .. 150 0 0 Accrued interest, on sinking funds held by Suspense Account .. .. .. 421 11 4 Public, Trustee; .. .. .'. 15,933 13 8 Cash in hand and in bank at 31st March, 1922 8,985 6 0 £1,330,437 0 8 £1,330,437 0 8 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.