B.—l [Pt. IV].

35

HOUSING ACCO VlST—continued. (STATE ADVANCES OFFICE.) Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account .. .. .. .. 808,681 911 Investment Account —Principal Land Sales Account (Corwn lands) .. .. 823 0 0 owing on — '« Sundry creditors .. .. .. .. 3,823 18 2 Dwellings purchased .. 661,515 18 6 Accrued interest payable .. .. .. 49,469 310 Sections purchased .. 2,985 410 Insurance Fund .. .. .. 2,652 0 6 Advances .. .. 831 14 2 Suspense Account .. .. .. .. 5,337 19 5 665,332 17 6 Reserve for losses on realization and bad debts .. 20,094 7 5 Completed dwollings .. .. .. 59,914 0 4 Dwellings let .. .. .. .. 5,304 2 2 Uncompleted contracts .. .. .. 14,894 14 1 Freehold land .. .. .. .. 50,817 19 9 Stocks of materials .. .. .. ..25,931 9 1 Realization of Assets Account .. .. 4,294 0 0 Sundry debtors .. .. .. .. 4,838 19 4 Sinking Fund investment .. .. .. 1,868 15 2 Office Furniture Account .. .. .. 269 12 5 Interest on dwellings and land— Overdue.. .. .. 2,1.11 12 4 Accrued .. .. .. 58 9 1 2,170 1 5 Rent overdue .. .. .. .. 339 3 6 Insurance premiums— Overdue .. .. 224 18 1 Paid in advance .. .. 787 11 1 1,012 9 2 Realization Account .. .. .. 26 13 0 Profit and Loss Account .. .. .. 52,195 10 11 Cash in hand and in bank at 31st March, 1923 .. 1,202 19 5 £896,413 19 3 £896,413 19 3 Profit and Loss Account for the Five Months ended 31st March, 1923. Dr. £ s. d. Cr, £ s. d. To Management Expenses Account .. .. 2,298 10 10 By Interost Account—Gross profits .. .. 3,391 110 Balance —-Net profits for the five months .. 1,144 13 6 Profit on sale of dwellings .. .. .. 52 2 6 £3,443 4 4 £3,443 4 4 £ s. d. £ s. d. To Balance as at 31st October, 1922 .. .. 55,912 17 4 By Administration charges, expended prior to 31st October, 1922, recovered .. .. 2,572 12 11 Net profits for the five months .. 1, 144 13 6 Balance .. .. .. .. .. 62,195 10 11 £55,912 17 4 £55,912 17 4 =»_== Interest Account for the Five Months ended 31st March, 1923. Dr. £ s. d. I . Cr. £ s. d. £ s. d. To Interest on loans .. .. .. .. 3,076 1 3 By Interest on dwellings and land 15,211 17 8 Interest on amounts temporarily transferred Less interest overdue at 31st from Settlers Branch .. .. .. 35 1 4 October, 1922 .. .. 1,062 5 5 Accrued interest payable .. .. .. 9,819 1 9 14,149 12 3 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. 1 12 6 Loss Account .. .. .. .. 3,391. 110 Interest on dwellings and land— Overdue at 31st March, 1923 2,11112 4 Accrued but not due at 31st March, 1923 .. .. 58 9 I • 2,170 1 5 £16,321 6 2 £16,321 6 2