B.—l [PT. IY, SUP.] .

STATE ADVANCES OFFIC E—continued. MISCELLANEOUS BUSINESS BRANCH. HOUSING ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilitif-s. | Assets. Sundry loans — £ s. d. £ s. d. ! Investment Account: Principal Debentures .. .. 412,398 2 7 | owing on— £ s. d. £ s. d Expenditure from Public Works Dwellings purchased .. 602,183 13 9 Fund .. .. .. 319,918 1 7 Sections purchased .. 6,316 18 5 Advances .. .. 573 12 3 732,316 4 2 Loans on mortgage .. 1,066 15 5 Less loan-moneys written off 16,748 2 7 610,120 19 10 715,568 1 7 Completed dwellings .. .. .. 8,544 7 3 Sundry creditors .. . .. .. 35,346 8 1 Dwellings let .. .. .. .. 29,621 18 9 Suspense Account .. .. .. .. 4,944 19 0 Freehold land .. .. .. .. 54,315 1 8 Interest on loans accrued but not due .. .. 4,201 0 5 Properties acquired .. .. .. 2,94-4 6 0 Insurance Fund .. .. .. .. 2,090 0 0 Sinking Fund investments held by Public Debt Sinking Fund .. .. .. .. 230 15 0 Sinking Fund Branch .. .. .. 3,585 14 10* Reserve for losses on realization and bad debts .. 9,321 410 Insurance Fund Investment held by Settlers Branch .. .. .. .. 2,090 0 0 Sundry debtors .. .. .. .. 193 9 5 Interest on dwellings and land — Overdue.. .. .. 5,103 7 7 Accrued.. .. .. 117 12 10 5,221 0 5 Rent—Overdue .. .. .. .. 823 8 2 Insurance premiums— Overdue.. .. .. 426 13 9 Paid in advance .. .. 621 0 6 —- 1,047 14 3 Realization Account .. .. .. 421 1 1 Profit and Loss Account .. .. .. 41,302 13 10 Cash in hand and in bank at 31st March, 1925 .. 11,470 13 5 £771,702 8 11 £771,702 8 11 * This amount includes the sum of £3,354 19s. 10d., capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910. Statement op Profit and Loss Account for the Year ended 31st March, 1925. Dr. £ s. d. Cr. £ s. d. To Balance —Interest Account .. .. .. 120 4 9 By Sale of land and dwellings .. .. .. 548 5 7 Management Expenses Account .. .. 3,337 3 4 Balance —Loss for the year .. .. . . 5,232 2 4 Dwellings maintenance .. .. .. 1,185 3 3 Expenses of realization of assets .. .. 1,137 16 7 £5,780 7 11 £5,780 7 11 £ s. d. To Balance as at 31st March, 1924 .. .. 52,818 14 1 By Principal moneys written off—Freed from lia- £s. d. Loss for the year .. .. .. .. 5,232 2 4 bility .. .. .. .. .. 16,748 2 7 Balance .. .. .. .. 41,302 13 10 £58,050 16 5 £58,050 16 5 Statement of Interest Account for the Year ended 31st March, 1925. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 30,830 6 2 By Interest on dwellings and land .. 32,390 9 9 Less accrued at 31st March, Less overdue and accrued at 1924 .. .. .. 4,525 2 0 31st March, 1924 .. 4,372 19 6 26,305 4 2 28,017 10 3 Interest on amounts temporarily transferred Interest on bank balances .. .. 13 10 0 from Settlers Branch .. .. .. 2,866 010 Interest on dwellings and land— Interest on loans accrued but not due .. 4,201 0 5 Overdue at 31st March, 1925 5,103 7 7 Accrued but not due at 31st March, 1925 .. .. 117 12 10 5,221 0 5 Balance transferred to Profit and Loss Account 120 4 9 £33,372 5 5 £33,372 5 5

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