B.—l [PT. IY, SUP.] .

STATE ADVANCES OFFlCE—continued. ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d Principal received as at 31st Investment Account: PrinciMarch, 1924, with accu- pal owing on loans to — £ s. d. mulated interest from Settlers .. .. 1,139,212 14 4 the — £ s. d. Workers .. .. 76,986 5 7 Advances to Settlers Branch 1,521,489 14 8 Local bodies .. .. 419,067 14 10 Advances to Workers Branch 251,224 13 1 — ; 1,635,266 14 9 Advances to Local Authori- Temporary advances to Settlers Branch .. 249,500 0 0 ties Branch .. .. 295,665 11 0 Sundry debtors .. .. .. ~ 220 8 2 Interest overdue on loans to— 2,068,379 18 9 Settlers .. .. 5,616 4 2 Interest earned for the year Workers .. .. 296 3 11 ended 31st March, 1925 — Local bodies .. .. 2,245 13 6 Advances to Settlers Branch 66,412 11 1 8,158 1 7 Advances to Workers Branch 2,892 3 3 Interest accrued on loans to — Advances to Local Authori- Settlers .. .. 12,664 11 11 ties Branch .. .. 13,314 7 8 Workers .. .. 833 14 2 Local bodies .. .. 3,491 2 11 2,150,999 0 9 16,989 9 0 Balance —INet profits trans- Cash in hand and in bank at 31st. March, 1925.. 24,461 19 11 ferred from Advances to Settlers Branch .. .. 13,884 11 7 2,164,883 12 4 Less redemption of loans —Advances to Settlers Branch, £46,700; Advances to Workers Branch, £187,000 233.700 0 0 Total fund at 31st March, 1925 .. .. 1,931,183 12 4 Advances Suspense Account .. .. 2,390 0 0 Fire Loss Suspense Account .. .. 625 0 0 Suspense Account .. .. .. .. 398 1 1 £1,934,596 13 5 £1,934,596 13 5 Statement or Interest Account for the Year ended 31st March, 1925. Dr. £ 3. d. Or. £ s. d. £ s. dTo Interest on investments —Transferred to the By Interest on loans to — Sinking Fund Account .. .. .. 82,619 2 0 Settlers .. .. 52,369 9 0 Workers .. .. 3,582 2 6 Local bodies .. .. 16,509 10 8 72,461 2 2 Less overdue and accrued at 31st March, 1924 .. 23,458 14 10 49,002 7 4 Interest on bank balances .. .. .. 8.00 Interest on outstanding payments .. .. 3 4 10 Interest on temporary advances to Settlers Branch .. .. .. .. 8,457 19 3 Interest overdue at 31st March, 1925, on loans to— Settlers .. .. 5,616 4 2 Workers . . . . 296 3 11 Local bodies .. .. 2,245 13 6 8,158 1 7 Interest accrued at 31st March, 1925, on loans to — Settlers .. .. 12,664 11 11 Workers .. . . 833 1 4 2 Local bodies .. 3,491 2 ! I 16,989 9 0 £82,619 2 0 £82,619 2 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. R. Robertson, Accountant. 9 The Audit Office, having examined the balance-sheet and accompanying accounts and compared them with the relative books, documents, and securities, hereby certifies t hem to be in accordance therewith. —G. F. C. Campbell, Controller and Auditor-General.

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