B.—l [Pt. IV].

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STATE ADVANCES OFFlOE— continued. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1923. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,775,529 9 5 Investment Account—Principal owing by local Loan-moneys—Unexpended balanoes under sco- bodies .. .. .. .. 2,573,971 14 6 tion 72, Looal Bodies' Loans Aot, 1913 .. 3,987 12 10 Sinking Fund investments held Temporary advances from Settlers Branch .. 145,500 0 0 by— £ s. d. Suspense Account .. .. .. .. 22 8 8 Advances Office Sinking Fund Sundry creditors .. .. .. .. 25 0 0 Aooount .. .. 283,006 12 4 Interest on loans accrued but not due .. 36,385 16 7 Public Debt Sinking Fund Sinking fund .. .. .. .. 72,205 0 8 Branch .. .. 14,762 13 3 *297,829 5 7 Interest on debentures— Overdue.. .. .. 5,421 4 3 Accrued but not due .. 21,015 14 8 20,430 18 11 Interest on temporary investments accrued but not due .. .. .. .. 898 7 3 Loan Charges Account .. .. .. 31,271 14 5 Profit and Loss Account .. .. .. 82,192 6 3 Cash in hand and in bank at 31st March, 1923.. 21,055 1 3 £3,033,055 8 2 £3,033,055 8 2 •This amount includes the sum of £225,024 4s. lid. capital paid into the sinking funds under the provisions of tile State Advances Act. Statement of Profit and Loss Account for the Year ended 31st March, 1923. Dr. £ s. d. Or. £ s. d. To Balance—lnterest Acoount .. .. 3,119 3 4 By Balance—Loss for the year .. .. 4,423 211 Management Expenses Account .. .. 1,303 19 7 £4,423 2 11 £4,423 2 11 £ s. d. £ s. d. To Bilauce as at 31st March, 1922 .. .. 70,908 3 4 By B.ilancc .. .. .. ..82,192 0 3 Loan-flotation charges written down .. 801 0 0 Loss for the year . ■ .. .. .. 4,423 211 £82,192 6 3 £82,192 6 3 Statement of Interest Account for the Year ended 31st March, 1923. Dr. £ s. cl. £ s. d Or. £ s. d. £ s. d. To Interest on loans .. .. 103,195 12 9 By Interest on debentures .. 103,045 14 2 Less accrued at 3.lst March, Less overdue and accrued at 1922.. .. .. 36,385 0 7 31st March, 1922 .. 30,074 19 7 00,810 0 2 72,970 1.4 7 Interest on amounts temporarily transferred Interest on bank balances .. .. 1.1 15 0 from other branches .. .. .. 12,868 13 8 Interest on temporary investlntcrest on loans accrued but not due .. 36,385 16 7 ments .. .. 21,979 0 9 Less aoorued at 31st March, 1922 .. .. .. 9,351 3 5 12,027 17 4 Interest on temporary investments aoorued but not due at 31st Maroh, 1923 .. .. 898 7 3 Interest on debentures— £ s. d. Overdue at 31st March, 1923 5,421 4 3 Aoorued but not duo at 31st March, 1923 .. .. 21,015 14 8 20,430 18 11 Balance transferred to Profit and Loss Acoount 3,119 3 4 £116,064 16 5 £116,064 16 5 Statement of Manauement Expenses Account for the Year ended 31st March, 1923. Dr. £ s. d. Cr. £ s. d To Audit Offioe services .. 50 0 0 By Balance transferred to Profit ami Loss Acoount 1,303 19 7 Cleaning, lighting, and messenger services, efce. .. 25 0 0 Management oharges, New Zealand stock and bonds .. .. .. .. 305 19 7 Post Offico servioos .. .. .. .. 125 0 0 Postages and telegrams .. .. .. 150 0 0 Printing and stationery .. .. .. 125 0 0 Rout ' .. .. .. .. .. 25 0 0 Salaries .. .. .. .. 498 0 0 £1,303 19 7 £1,303 19 7 ansa -iM—■a-nfng-aaaaa s=s-- 77n —..— — -. —■ 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.