8.-~ 1 [Pt. IV].

84

STATE ADVANCES OFFlOE— continued. PUBLIC DEBT SINKING FUND BRANCH. Statement of Liabilities and Assets as at 31st March, .1923. Liabilities. £ s. d. Assets. £ s. d. Sinking fund crcatod under the provisions of tho Investment Aooount—Principal Publio Debt Extinction Act, 1910— owing on loans to— £ s. d. £ s. d. Settlers .. .. .. 462,014 311 Total fund as at 31st March, Workers.. .. .. 67,950 4 7 1922.. .. ..2,313,330 7 11 Local bodies .. .. 1,875,096 3 1. Principal received from 2,405,600 11 7 Treasury during the year 216,913 0 0 Temporary advances to Settlers Branch .. 194,000 0 0 Interest earned for the year Insurance Premium Account . . .. 15 2 0 ended 31st Maroh, 1923 103,142 10 7 Interest overduo on loans to— £ s. cl. ■ 2,633,385 18 6 Settlers .. .. .. 1,726 0 10 Advances Suspense Acoount .. .. 17,110 0 0 Workers .. .. .. 49 9 0 Suspense Account .. .. .. .. 800 4 4 Local bodios .. .. 4,911 13 I 6,687 3 5 Interest acoruod on loans to — Settlers .. .. .. 4,773 910 Workers .. .. .. 730 13 8 Local bodies .. .. 19,058 4 5 24,562 7 11 Cash in hand and in bank at 31st March, 1923.. 20,376 17 11 £2,651,302 2 10 £2,651,302 2 10 ■ iiimi ■■! i i r»»initTr—Tiariir.»BaTw-n^i-K=a Statement of Interest Account for the Year ended 31st March, 1923. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on investments transferred to Sinking By Interest on loans to — Fund Account .. .. .. 103,142 10 7 Settlers .. .. 12,662 5 6 Workers .. .. 343 7 10 Local bodies .. .. 68,128 2 4 81,133 15 8 Less overdue and accrued at 31st March, 1922 .. 22,704 6 4 58,429 9 4 Interest on bank balances .. .. .. 9 6 0 Interest on moneys temporarily transferred to other branches .. .. .. .. 13,454 4 11 Interest overdue at 31st March, 1923, on loans to— £ s. d. Settlers .. .. 1,726 0 10 Workers .. .. 49 9 6 Looal bodies .. .. 4,911 13 1 — 6,687 3 5 Interest accrued at 31st Maroh, 1923, on loans to — Settlers .. .. 4,773 9 10 Workers .. .. 730 13 8 Looal bodies .. .. 19,058 4 5 — 24,562 7 11 £103,142 10 7 £103,142 10 7 >■ ■ in ■ i ■ ■-—■■vi i ■mi 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.