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Statement of Interest Account for the Year ended 31st March, 1922. Dr. £ s. d. £• s. d. Gr. £ s. d. £ s. d. To Interest on loans .. 103,195 12 0 By Interest on debentures .. 91,972 0 6 Less accrued at 31st March, Less overdue and accrued at 1921.. .. .. 36,385 6 7 31st March, 1921 .. 30,714 1 4 66,810 5 11 61,257 19 2 Interest on amounts temporarily transferred Interest on bank balances .. .. 318 6 from other branches .. .. .. 17,828 10 8 Interest on temporary inInterost on loans accrued but not, due .. 36,385 0 7 vestments .. .. 27,512 19 2 Loss accrued at 31st March, 1921 .. .. .. 9,351 3 5 18,161 15 9 Interest on temporary investments accrued but not due .. .. .. 9,351 3 5 Interest on debentures — £ s. d. Overdue at 31st March, 1922 .. .. 10,478 15 4 Accrued but not due at 31st March, 1922 .. 19,596 4 3 30,074 19 7 Balance transferred to Profit and Loss Account .. .. .. .. 2,174 6 9 £121,024 3 2 £121,024 3 2 Statement of Management Expenses Account for, the Year, ended 31st March, 1922. Dr. £ s. d. Gr. £ s. d. To Audit Offico 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..' .. .. . .. 46 0 0 Salaries .. .. .. . . 380 0 0 £1,022 8 2 £1,022 8 2 - Wm. Waddel, Superintendent. State Advances Office, Wellington, 6th June, 1922. W. N. Hincbliffe, 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 Liabilities and Assets as at 31st March, 1922. Liabilities. £ s. d. £ s d. Asietv. £ 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 tinetion Act, 1910— Principal owing on Total fund as at 31st loans to local auMarch, 1921... .. 1,871,205 0 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 .. .. 310 0 Interest Account .. 88,706 I 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 I 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 0 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 I Sinking Fund Adjustment Account— Amount short paid by Treasury .. 150,227 0 0 Accrued interest on amount short paid by Treasury .. .. .. .. 6,488 6 I Cash in hand and in bank at 31st March, 1922 .. .. .. .. 16,033 19 8 £2,315,516 14 1 £2,315,516 14 1

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