B.—l [PT. IV, Sup.] .

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 82,750 0 0 Investment Account —Principal owing by mortLess loan-moneys written off .. 7,500 0 0 gagors .. .. .. .. .. 43,742 12 5 —; — 75,250 0 0 Temporary advances to Settlers Branch .. 28,090 0 0 Interest on loans accrued but not due .. .. 269 5 7 Sinking Fund investments held by Public Debt Sinking Fund .. .. .. .. 75 15 8 Sinking Fund Branch .. .. .. 1,001 18 4* Interest on mortgages— £ s. d. Overdue .. .. .. 757 14 1" Accrued .. .. .. 736 13 11 1,494 8 0 | Profit and Loss Account .. .. .. 1,212 17 4 Cash in hand and in bank at 31st March, 1925 .. 53 5 2 £75,595 1 3 | £75,595 1 3 * This amount includes the sum of £926 2s. Bd. 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. £ s. d. To Management Expenses Account .. .. 115 0 0 By Interest Account —Gross profits .. .. 321 10 8 Balance—Net profits for the year .. .. 206 10 8 £321 10 8 £321 10 8 £ s. d. £ s. d. To Balance as at 31st March, 1924 .. .. 8,919 8 0 By Net profits for the year .. .. .. 206 10 8 Principal moneys written off —Freed from liability .. .. .. .. .. 7,500 0 0 Balance .. .. .. .. .. 1,212 17 4 £8,919 8 0 j £8,919 8 0 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 .. .. 3,478 17 1 By Interest on mortgages .. 2,459 11 2 Less accrued at 31st March, 1924 301 6 7 Less overdue and accrued at — 3,177 10 6 31st March, 1924 .. .. 1,479 2 1 Interest on loans accrued but not due .. 269 5 7 — 980 9 1 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 4 15 0 Loss Account .. .. . . .. 321 10 8 Interest on temporary advances to Settlers Branch .. .. .. 1,288 14 8 Interest on mortgages— Overdue at 31st March, 1925 757 14 1 Accrued but not due a.t 31st March, 1925 .. .. 736 13 11 1,494 8 0 £3,768 6 9 £3,768 6 9 Statement of Management Expenses Account for the Year ended 31st March, 1925. Dr. £ s. d. 1 Cr. £ s. d. To Administration expenses .. .. .. 115 00j By Balance transferred to Profit and Loss Account 115 0 0 £115 0 0 | £115 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 11th June, 1925. K. 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.

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