B.— I[Pt.lV].

85

STATE ADVANCES OFFlOE— continued. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1923. Liabilities. £ s. d. £ s. d. Assets. £ s. d. £ s. d. Principal received as at 31st Investment Account: Principal March, 1922, with accu- owing on loans to — Ululated interest from Settlers .. .. .. 805,089 19 2 the— Workers .. .. .. 74,856 1 1 Advances to Settlers Branch 1,019,250 1 9 Local bodies .. .. 325,413 9 5 Advances to Workers Branch 242,645 19 9 1,205,359 9 8 Advances to Local Authori- Temporary advances to Settlers Branch .. 44.5,500 0 0 ties Branch .. .. 222,559 13 10 Insurance Premium Account .. .. 55 16 9 Interest overdue on loans to— 1,484,455 15 4 Settlers .. .. .. 4,338 12 6 Interest earned for the year Workers .. .. .. 190 18 10 ended 31st March, 1923— Local bodies .. .. 1,626 12 8 Advances to Settlors Branch 57,693 19 3 6,150 4 0 Advances to Workers Branch 3,126 1 8 Interest aoorued on loans to — Advances to Local Authori- Settlers .. .. .. 8,448 12 6 ties Branch .. .. 12,045 18 1 Workers .. .. .. 810 11 4 Local bodies .. .. 2,531 10 4 1,557,321 14 4 11,790 14 2 Sinking Fund repaid by Public Realization Account .. .. .. .. 177 16 2 Trustee— Cash in hand and In bank at 81 st Maroh, 1923.. 08,706 16 3 Advaneos to Settlers Branch 302,904 13 9 Advances to Workers Branch 2,715 17 9 Advances to Local Authorities Branch .. .. 48,461 0 5 1,911,403 0 3 Transferred from Reserve Fund — Advances to Settlers Branch 27,378 13 5 Balance net profits transferred from Advances to Sottlers Branch .. .. 24,891 18 0 1,903,073 18 2 Loss redemption of loans —• Advaneos to Settlers Branch, £45,000; advances to Workers Branch, £187,000 232,000 0 0 1,731,073 18 2 Advances Suspenso Account .. .. 5,275 0 0 Fire Loss Susponse Account .. .. 583 4 0 Suspense Account .. .. .. .. 214 14 10 £1,737,740 17 0 £1,737,740 17 0 Statement of Interest Account for the Year ended 31st March, 1923. Dr. £ s. d. I Cr. £ s. d £ s. d. To Interest earned transferred to the Sinking Fund By Interest on loans to — Account on investments of the — Settlers .. .. .. 32,776 16 11 Settlors Branch .. .. .. .. 57,693 19 3 Workers .. .. .. 2,346 9 5 Workers Branch .. .. .. .. 3,126 1 8 Local bodies .. .. 13,389 16 0 Local Authorities Branch .. .. .. 12,045 18 1 48,513 2 10 Less overdue and accrued at 31st March, 1922 ..14,378 0 11 34,135 1 11 Interest on bank balances .. .. .. 8 2 6 Interest on moneys temporarily transferred to Settlers Branch . . .. .. 0,078 0 9 Interest on sinking funds held by Public Trustee .. 30,031 9 4 Less accrued at 31st March, 1922 .. .. .. 15,933 13 8 14,097 15 8 Interest overdue at 31st .March, 1923, on loans to— Settlers .. .. .. 4,338 12 6 Workers .. .. .. 190 18 10 Local bodies .. .. 1,626 12 8 6,156 4 0 interest accrued at 31st March, 1923, on loans to— Settlers .. .. ... 8,448 12 0 Workers .. .. .. 810 11 4 Local bodies .. .. 2,531 10 4 11,790 14 2 £72,865 19 0 £72,865 19 0 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-Ceneral.