£.—1 [PT. IV, Sup.] .

STATE ADVANCES OFFlCE—continued. ADVANCES TO LOCAL AUTHORITIES BRANCH—continued. Statement of Management Expenses Account foe the Yeae ended 31st Maech, 1925. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. . . 50 0 0 By Balance transferred to Profit and Loss Account .. 991 10 7 Cleaning, lighting, heating, and messenger services 30 0 0 Management charges, New Zealand stock and bonds 12 411 Post Office services .. .. .. .. 25 0 0 Postages and telegrams .. .. .. 24 5 8 Printing and stationery .. .. .. 125 0 0 Public Service Superannuation Fund contribution 13 0 0 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. .. 612 0 0 £991 10 7 £991 10 7 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. 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 therewi th. —G. F. C. Campbell, Controller and Auditor-General. PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. Assets. Sinking Fund created under the provisions of the £ s. d. Investment Account: Principal £ s. d. £ s. d. Public Debt Extinction Act, 1910— owing on loans to— Total fund as at 31st March, £ s. d. Settlers .. .. 666,191 10 2 1924 .. .. 2,961,288 14 8 Workers .. .. 67,691 5 2 Principal received from Local bodies .. .. 2,170,756 13 8 Treasury during the year 216,315 0 0 — 2,904,639 9 0 Interest earned for the year Temporary advances to Settlers Branch .. 349,000 0 0 ended 31st March, 1925 133,539 18 11 Sundrj* debtors .. .. .. .. 711 5 3,311,143 13 7 Interest overdue on loans to — £ s. d. Advances Suspense Account .. .. 4,145 0 0 Settlers .. .. 2,283 2 4 Fire Loss Suspense Account .. .. 1,623 0 0 Workers .. .. 186 6 6 Suspense Account .. .. .. .. 1,424 2 3 Local bodies .. .. 3,939 15 9 6,409 4 7 Interest accrued on loans to— Settlers .. .. 7,211 0 11 Workers .. .. 739 17 1 Local bodies .. .. 21,879 18 5 29,830 16 5 Cash in hand and in bank at 31st March, 1925 28,448 14 5 £3,318,335 15 10 £3,318,335 15 10 Statement of Interest Account foe the Yeae ended 31st March, 1925. Dr. £ s. d. Or. £ s. d. £ s. d. To Interest on investments —Transferred to the By Interest on loans to— Sinking Fund Account .. .. .. 133,539 18 11 Settlers .. .. 23,285 7 9 Workers .. .. 3,010 5 7 Local bodies .. .. 93,394 1 6 119,689 14 10 Less interest overdue and accrued at 31st March, 1924 .. 32,451 17 1 87,237 17 9 Interest on bank balances .. .. .. 9 15 0 Interest on temporary advances to Settlers Branch .. .. .. .. 10,052 5 2 Interest overdue at 31st March, 1925, on loans to— Settlers .. .. 2,283 2 4 Workers .. ~ 186 6 6 Local bodies .. .. 3,939 15 9 6,409 4 7 Interest accrued at 31st March, 1925, on loans to — Settlers .. .. 7,211 0 11 Workers .. .. 739 17 1 Local bodies .. .. 21,879 18 5 29,830 16 5 £133,539 18 11 £133,539 18 11 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. 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.

62