9

8.—13

Statement of Interest Account for the Year ended 31st March, 1922. Dr. £ s. d. Gr. £ s. d. £ s. d. To Interest on investments transferred, to Sink- By Interest on mortgages— ing Fund Account '.. . .. . ... 88,766 1 10 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 due at 31st March, 1922 ..14,425 14 8 18,710 5 1 Accrued interest on amount short paid by Treasury .. .. .. .'. 6,488 6 1 £85,766 1 10 £88,760 1 10 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 Liabilities and Assets as at 31st March, 1922. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Principal received as at Investment Account— 31st March, 192), Principal owing on loans to settlers .. 719,496 14 7 with accumulated in- Principal owing on loans to workers .. 49,710 0 0 terest— Principal owing on loans to local bodies.. 302,911 13 10 From, the Advances to Temporary advances to Settlers Branch .. 219,000 0 0 Settlers Branch .. 903,034 811 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 Inter c st 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 6 Interest for year 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 — Loss 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 1.3 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 6 £1,330,437 6 8 £1,330,437 6 8

2—B. 13.