B.—l [Pt. IV, Sup. B]

50

STATE ADVANCES OFFlCE— continued. MISCELLANEOUS BUSINESS BRANCH— continued. FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT— continued. Statement of Interest Account fob the Yfar ended 31st March, 1924. Dr. £ s. d. £ s. d. Or. £ B. d. £ s. d. To Interest on loans .; .. 3,190 2 1 By Interest on mortgages.. .. 2,292 13 3 Less accrued at 31st March, Less overdue and accrued at 1923 .. .. ... 1,469 5 0 31st March, 1923 .. 1,102 18 7 1— 1,720 17 1 1.189 14 8 Interest on loans accrued but not due .. 1,403 10 9 Interest on bank balances .. .. .. 3 14 6 Interest on temporary advances to Settlers Branch.. .. ' 168 2 0 Interest on mortgages— Overdue at 31st March, 1924.. 1,308 11 3 Accrued but not due at 31st March, 1924 .. .. 438 6 0 1,746 17 3 Balance transferred to Profit, and Lnss Account 15 19 5 I £3,124 7 10 | £3,124 7 10 Statement of Management Expknses Account for the Year ended 31st March, 1924. Dr. £ s. d. I Or. £ 8. d. To Administration expenses .. .. .. 100 0 0 By Balance transferred to Profit and Loss Account .. 100 0 0 £100 0 0 £100 0 0 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. P. C. Campbf.ll, Controller and Auditor-General. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assists as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 82,750 0 0 Investment Account—Principal owing by mortIntcrcst on loans accrued but not due .. .. 301 0 7 gagors .. .. .. .. .. 48,837 17 8 Sinking Fluid .. .. .. .. 38 17 11 Temporary advances to Settlers Branch .. 22,850 0 0 Reserve for losses on realization and bad debts .. 7,720 15 2 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. *817 II 0 Interest im mortgages -- £ s. d. Overdue .. .. .. 701 18 (I Accrued .. . .• .. 777 4 1 1,479 2 1 Sundry debtors .. .. .. .. 12 17 0 Realization Account .. .. .. .. 7,720 15 2 Profit and Less Account .. .. .. 8,919 8 0 (ash in hand and in bank at 31st March, 1924 .. 173 8 3 £90,810 19 8 £90,810 19 8 * This amount includes the sum of £778 13s. 7d. capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement of Peofet ami Loss Account for the Yf.au ended 31st March, 1.924. Dr. £ s. d. I Or. £ s. d. To Management Expenses Account .. .. 115 10 0 By Interest Aooount —Gross profits .. .. 56 12 9 Balance Less fur the year .. .. .. 58 17 9 £115 10 6 £115 10 0 £ s. d. £ s. d. To Balance as at 31st March. 1923 .. .. 8,800 10 3 By Balance .. .. .. .. .. 8,919 8 0 Loss for the year . . .. .. .. 58 17 9 £8,919 8 0 £8,919 8 0 Statement of Interest Account for the Year ended 31st March, 1921. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 3,570 5 0 By Interest on mortgages .. 3,193 12 (i Less accrued at 31st March, 1923 293 18 5 Less overdue and accrued at 3,282 0 7 31st March, 1923 .. 1,040 2 3 Interest on loans accrued but not due .. 301 (i 7 1,547 10 3 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 3 12 0 Loss Account .. .. .. .. 50 12 9 Interest on temporary advances to Settlers Branch .. .. .. .. 010 1 I Interest on mortgages— Overdue at 31st March, 1924 701 IS 0 Accrued but not due at 31st March, 1924 .. .. 777 4 1 1,479 2 1 £3,640 5 11 £3,010 5 11