B.—l [Pt. IV]

REPATRIATION DEPARTMENT— continued. Balance-sheet as at 31st March, 1923. Liabilities. • Assets. Capital Account — £ s. d. £ s. d. Loans Investment Account— £ s. d. £ s. d. Advances from War Ex- Principal outstanding .. .. 722,839 19 1 ponsos Account as at Less — 31st March, 1922 .. .1,424,835 18 10 Suspense adjustLess net repayments, ment .. .. 458 (i 1 1922-23 .. .. 117,879 14 8 . Bad debts written 1,306,956 4 2 off, 1922-23 .. 4,355 18 11 Treasury Adjustment Account .. 91,404 211 Loan defalcations, Sundry creditors — Wellington, to be Miscellaneous charges.. 6,131 18 1 written off .. 1,674 15 9 Overpaid loans .. 330 15 4 Bad debts to be 6,468 13 5 written off .. 5,132 0 2 Depreciation reserve — Reserve for bad and Ruakura and Avonhead buildings .. 849 2 7 doubtful debts .. 30,000 0 0 41,021 0 11 681,218 12 2 Interest — Due and payable .. 5,320 1 3 Accrued .. .. 1,770 14 0 7,090 15 9 Less bad debts written off, 1922-23 .. 113 3 8 6,983 12 J Sundry debtors — Tauherenikau .. 577 8 7 Moa .. .. 121 4 1 098 12 8 Loan Account — Sale of Moa assets .. .. 2,500 0 0 Furniture and fittings .. 3,654 3 9 Less writings off in Suspense —Losses on realization .. .. 1,444 8 0 2,209 15 9 Buildings — Ruakura .. .. 7,268 5 4 Avonhead .. .. 3,506 17 0 10,775 2 10 Assets Accounts in Suspense (representing losses on realization of assets, efcc, required to be written off)— Technical equipment 6,044 11 2 Weraroa buildings .. 408 11 5 Avonhead equipment 772 8 7 Moa buildings and equipment .. 5,048 5 2 Tauherenikau buildings and equipment 7,219 12 3 19,553 8 7 Bad debts (loans) .. 5,132 6 2 Defalcations — Wellington— Loans .. .. 1,674 15 9 Rents .. .. 103 12 6 26,464 3 0 Less writings off Suspense Account .. .. 26,464 3 0 Excess of expenditure over income— Balance at Ist April, 1922 .. . . 581,820 1 4 Netexpendituro,l922-23 119,400 0 3 701,292 7 7 £1,405,678 3 I £1,405,678 3 1 J. R. Samson, Director. E. Riddle, Accountant. I hereby certify that the balance-sheet, Income and Expenditure Account, Farm Account, and Interest Account have been' duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, except that the accounts include a charge for interest for which there is no appropriation by Parliament, and also include the value of equipment taken over by the Agriculture Department for the payments of which that Department possesses no parliamentary appropriation; further, that the losses on realization of assets shown in Suspense Account have yet to bo investigated by Audit. —G. F. C. Campbell, Controller and Auditor-General. m

78