B.—l [Pt. IV, Sup. B].

76

NEW ZEALAND CONSOLS ACCOUNT. Receipts and Payments Account to 31st March, 1924. Receipts. £ s. d. Payments. £ s. d. To Deposits inscribed .. .. 554,621 1 1 By Investment Account '.. .. 475,985 0 0 Fees received .. .. .. 13 8 0 Redemptions .. .. .. 78,629 7 1 Interest on credit balances .. 497 19 7 Interest on loans .. .. 482,411 19 4 Interest on investments.. .. 476,949 8 9 Charges and expenses .. .. 794 2 6 Treasury Adjustment Account .. 5,745 5 6 Cash in Deposit Account .. 6 14 0 £1,037,827 2 11 £1,037,827 2 11 £ s. d. To Balance .. .. ~ 6 14 0 Income and Expenditure Account to 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Interest on loans.. .. .. 482,411 19 4 By Fees received .. .. .. 13 8 0 Charges and expenses .. .. 794 2 6 Interest on credit balances .. 497 19 7 Interest accrued on loans .. .. 3,072 2 0 Interest on investments .. .. 476,949 8 9 Interest due and unpaid .. .. 34 8 9 Interest accrued on investments .. 3,488 7 9 Balance—Net loss .. .. 5,363 8 6 £486,312 12 7 £486,312 12 7 £ s. d. To Balance .. .. .. 5,363 8 6 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Deposits inscribed— Investment Account .. .. 475,985 0 0 New Zealand Consols Act, 1908, 3£ per Cash in Deposit Account .. .. 614 0 cent. .. .. .. .. 6,845 0 0 Interest accrued on investments .. 3,488 7 9 New Zealand Consols Act, 1908, 4 per Income and Expenditure Account —Net cent. .. .. .. .. 469,146 14 0 excess of expenditure over income Interest accrued on loans .. .. 3,07220 since inception of New Zealand Consols Interest due and unpaid .. .. 34 8 9 Account .. .. .. .. 5, 303 8 6 Treasury Adjustment Account .. 5,745 5 0 £484,843 10 3 £484,843 10 3 R. E. Hayes, Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.