8.—13

10

Statement of Interest Account for the Year ended 31st March, 1922. Dr. £ s. d. Gr. £ s. d. £ s. d. 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 rities Branch transferred to the Sinking 10,008 3 11 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 Accrued interest on sinking funds held by Public Trustee .. .. .. 15,933 13 8 Interest on mortgages— Loans to settlors — Overdue at 31st March, 1922 .. .. 3,005 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 6 Accrued but not due at 31st March, 1922 . . 445 9 5 460 3 II Interest on debentures— Loans to local bodies —- Overduo at 31st March, 1922 .. .. 1,167 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 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. P. C. Campbell, Controller and Auditor-General.

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