5

8.—13

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1922. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 9,283,193 1 10 Investment Account — Principal owing by Temporary advances from Advances Office mortgagors at 31st March, 1922 .. (i, 944,622 1 10 Sinking' Fund Account .. .. 219,000 0 0 Interest overdue .. .. .. 37,421 12 9 Temporary advances from Public Debt Interest on mortgages, accrued but not duo 75,808 6 8 Sinking Fund Branch .. .. 300,902 0 0 Temporary advances to Local Authorities Advances Suspense Account .. .. 10,205 0 0 Branch .. .. .. .. 409,000 0 0 Fire Loss Suspense Account . . . . 2,047 3 7 Temporary advances to Workers Branch .. 492,000 0 0 Income-tax Suspense Account .. .. 31,607 16 5 Temporary investments .. .. 1,424,773 7 9 Suspense Account .. .. .. 2,244 3 4 Interest on temporary investments, aocruod Interest on loans accrued but not due . . 75,494 7 0 but not due.. .. . . . . 19,308 2 5 Sinking Fund .. .. . . . . 849,423 18 0 Insurance Premium Account . . . . 344 8 10 Reserve Fund.. .. .. .. 52,378 13 5 Office Furniture and Equipmont Account.. 2,224 3 10 Realization Account .. .. ... 2,321 2 1 Sinking Fund investments — £ s. d. Held by Public Trustee 302,904 13 9 Advances Office Sinking Fund Account .. 1,019,250 1 9 Public Debt Sinking Fund Branch .. 12,634 4 5 1,334,788 19 11* Cash in hand and in bank at 31st March, 1922 .. .. .. .. 83,423 17 6 £10,827,156 3 7 £10,827,156 3 7 * This amount includes the sum of £485,865 Is. lid. capital paid into tin; sinking funds under the provisions of ttau State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1922. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. 18,308 2 9 By Interest Account —Gross profits .. 54,586 18 2 Office Furniture and Equipment Account written down .. .. .. 117 I 3 Loss on realization of securities. . .. 565 15 6 Balance—Net profits for the year .. 35,595 18 8 £54,586 18 2 £54,586 18 2 £ s. d. £ s. d. To Accumulated profits as at 31st March, 1921, By Balance as at 31st March, 1921.. .. 791,099 11 4 transferred to Sinking Fund .. .. 791,099 11 4 " Net profits for the year .. .. 35,595 18 8 Amount paid to Public Debt, Sinking Fund Branch .. ..... .. 1,009 810 Income-tax payable for year ended 31st March, 1921 .. ' .. .. 17,074 0 1 Approximate amount of income-tax payable for year ended 31st March, 1922 '.. 14,533 16 4 Balance —Net profits transferred to Reserve Fund .. .. .. 2,378 13 5 £826,695 10 0 £826,695 10 0 Statement of Interest Account for the Year ended 31st March, 1922. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. 340,064 4 0 By Interest on mortgages .. 308,128 0 10 Less accrued at 31st March, Less overduo and accrued 1921 .. .. 75,114 12 1 at 31st March, 1921 .. 104,059 8 2 271,549 12 5 — 204,068 12 8 Interest on loans, accrued but not due .. 75,494 7 0 Interest on bank balances .. .. 85 13 3 Interest on amounts temporarily trans- Interest on temporary advances to other ferred from other branches .. .. 20,768 16 3 branches .. .. .. .. 27,884 12 8 Balance —Gross profits transferred to Interest on temporary inProfit and Loss Account .. .. 54,586 18 2 vestments .. .. 97,005 5 4 Less accrued at 31st March, 1921 .. .. 34,302 II II . 62,702 13 5 Interest on temporary investments, accrued at 31st March, 1922 .. .. 19,368 2 5 Interest on mortgages— Overdue at 31st March, 1922 .. .. 37,4"21 12 9 Accrued but not due at 31st March, 1922 .. 76,868 6 8 114,289 19 5 £428,399 13 10 £428,399 13 10