B.—l [PT. IY, Sup.]

STATE ADVANC ES OFFICE —continued. HOUSING ACCOUNT—continued. Statement of Management Expenses Account foe the Year ended 31st March, 1925. Dr. £ s. d. Or. £s. d. To Advertising .. .. .. 16 16 6 By Administration expenses .. .. .. 87 13 10 Audit Office services .. .. .. 225 0 0 " Transfer fees .. .. .. .. 47 10 0 Cleaning, lighting, heating, and messenger Balance transferred to Profit and Loss Account 3,337 3 4 services .. .. .. .. 30 0 0 Contingencies .. .. .. .. 10 19 2 Fees paid for special services in respect of securities .. .. .. .. 114 8 0 Labour Department services . . .. 500 0 0 Postages and telegrams .. .. .. 25 0 0 Post Office services .. . . .. 225 0 0 Printing and stationery .. .. .. 250 0 0 Public Service Superannuation Fund contribution .. .. .. . . .. 39 0 0 Rates .. .. .. .. .. 973 Rent .. .. .. . .. LOO 0 0 Salaries .. .. .. .. .. 1,714 0 0 Solicitors' costs .. .. .. .. 30 4 0 Survey fees .. .. . . .. 57 12 3 Valuation Department—Agency work .. 125 0 0 £3,472 7 2 i £3,472 7 2 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. E. 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. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. £ s. d. . Assets. £s. d. Sundry loans .. .. .. .. 3,975 0 0 Investment Account—Principal owing by mortloterest on loans accrued but not due .. .. 43 12 3 gagors .. .. .. .. .. 3,287 4 8 Sinking Fund .. .. .. . 2 6 7 Temporary advances to Settlers Branch .. 510 0 0 Sinking Fund investments held by Public Debt Sinking Fund Branch .. .. .. 35 14 6* ! Interest on mortgages— £s. d. Overdue .. .. .. 153 13 0 Accrued .. .. .. 40 3 157 13 3 Profit and Loss Account .. .. .. 55 0 Cash in hand and in bank at 31st March, 1925 .. 25 1 5 £4,020 18 10 £4,020 18 10 * This amount includes the sum of £33 7s. lid., capital paid into the sinking fund in accordance with the Public Debt Extinction Act, 1910 Statement of Profit and Loss Account for the Year ended 31st March, 1925. Dr. £ s. d. Cr. £g. d. To Balance —Net profits for the year .. ..2 7 0 By Interest Account—Gross profits .. ..270 £2 7 0 £2 7 0 £ s. d. £s. d. To Balance as at 31st March, 1924 .. .. .. 712 0 By Net profits for the year .. .. ..270 Balance .. .. .. .. . 550 £7 12 0 £7 12 0 Statement of Interest Account for the Year ended 31st March, 1925. Dr. £ s. d. £ s. d. Cr. £s.d. £ s. il. To Interest on loans .. .. 178 17 6 By Interest on mortgages .. .. 126 15 7 Less accrued at 31st March, 1924 43 12 3 Less interest overdue and accrued at 135 5 3 31st March, 1924 .. .. 117 16 0 Interest on loans accrued but not due .. .. 43 12 3 819 7 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. .. 03 0 Loss Account .. .. .. .. 270 Interest on temporary advances to Settlers Branch 14 8 8 Interest on mortgages — Overdue at 31st March, 1925 .. 153 13 0 Accrued but not due at 31st March, 1925 .. .. .. 4 0 3 157 13 3 £181 4 6 £181 4 6 „ | 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.

9-B1 [PT. TY, Sup.] .

65