B.—l (PT. IY, SUP.] .

NEW ZEALAND CONSOLS ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1925. Expenditure. £ s. d. Income. £ s. d. To Interest on loans .. .. .. 15,933 6 8 By Fees received .. .. .. 0 5 0 Excess of income over expenditure .. 3,860 14 1 Interest on investments .. .. 19,793 15 9 £19,794 0 9 £19,794 0 9 To Excess of expenditure over income to £ s. d. By Excess of income over expenditure for £ s. d. 31st March, 1924 .. .. 5,363 8 6 year ended 31st March, 1925 .. 3,860 14 1 Balance —Net excess of expenditure over income .. .. .. 1,502 14 5 £5.363 8 6 £5,363 8 6 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d. Consols not claimed at maturity .. 500 0 0 Investment Account .. .. .. 475,985 0 0 Interest due and unpaid on loans .. 4 3 1 Cash in Deposit Account .. .. 614 0 Treasury Adjustment Account .. 480,441 11 11 Interest accrued on investments .. 3,424 10 5 Interest due and unpaid on investments 26 16 2 Income and Expenditure Account —Net excess of expenditure over income .. 1,502 14 5 £480,945 15 0 £480,945 15 0 The Treasury, Wellington, 14th July, 1925. A. D. Park, Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. —J. H. Fowler, Deputy Controller and Auditor-General.

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