B.—l [Pt. IV, Sup. B].

46

STATE ADVANCES OFFlCE— continued. ADVANCES TO WORKERS BRANCH— continued. Statement of Interest Account for the Year ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 97,724 15 4 By Interest on mortgages .. 151,439 9 4 Less interest accrued at 31st Less interest overdue and acMarch, 1923.. .. 25,074 17 5 crued at 31st March, 1923 47,744 3 1 72,649 17 11 103,095 6 3 Interest on amounts temporarily transferred Interest on bank balances .. .. .. 50 2 0 from Settlers Branch .. .. .. 54,982 14 6 Interest on mortgages— Interest on loans accrued but not duo .. 29,338 0 7 Overdue at 31st March, 1924 13,728 7 3 Balance-Gross profits transferred to Profit and Accrued but not duo at 31st Loss Account .. .. .. .. 8,980 13 9 March, 1924 .. .. 48,477 11 3 62,205 18 6 £165,951 6 "9 £165,951 6 9 Statement of Management Expenses Account for the Year ended 31st March, 1924. Dr. £ s. d. Or. £ s. d. To Audit Office services .. . . .. 150 0 0 By Consent fees .. .. .. .. 010 0 Cleaning, lighting, heating, and messenger ser- Cost of preparation of mortgages .. .. 108 5 0 vices .. .. .. .. .. 95 0 0 Production fees .. .. .. .. 272 8 6 Management charges on New Zealand stock and Release fees .. .. .. .. 137 5 0 bonds .. .. .. .. .. 357 10 5 Sundry fees .. . . .. .. 0 4 6 Post Office services . . .. .. 500 0 0 Balance transferred to Profit and Loss Account 4,336 1 7 Postages and telegrams .. .. .. 145 19 4 Printing and stationery . . .. .. 300 0 0 Rent .. .. .. .. .. 406 13 4 Salaries .. .. .. .. 2,549 0 0 Solicitors'costs and Court costs .. .. 0 11 6 Valuation Department—Agency work .. 350 0 0 £4,854 14 7 £4,854 14 7 Wm. Waddel, Superintendent. R. Robertson, 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 TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,775,529 9 5 Investment Account—Principal owing by local Loan-moneys —Unexpended balances under sec- bodies .. .. .. .. .. 2,070,138 15 9 tion 72, Local Bodies' Loans Act, 1.91.3 .. 3,987 12 10 Sinking Fund investments held Temporary advances from Settlers Branch .. 250,500 0 0 by— Suspense Account .. .. .. .. 300 0 0 Advances Office Sinking Fund £ s. d. Sundry creditors .. .. .. .. 308 10 4 Account .. ..295,665 11 0 Interest on loans accrued but not due .. 36,385 16 7 Public Debt Sinking Fund Sinking Fund .. .. .. .. 85,462 13 5 Branch .. .. 16,728 11 1 Interest on debentures— — *312,394 2 1 Overdue .. .. .. 3,947 10 5 Accrued .. .. .. 22,329 9 2 26,276 19 7 Loan Charges Account .. .. .. 30,470 14 5 Profit and Loss Account .. .. .. 91,912 610 Cash in hand and in bank at 31st March, 1924 27,281 3 11 £3,158,474 2 7 £3,158,474 2 7 • Thl» amount includes the sum of £226,931 Bs. Bd. capital paid into the sinking funds under the provisions of the State Advances Act.