B.—l [PT. IY, SUP.] .

STATE ADVANCES OFFlCE—continued. FISHING INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1925. Liabilities. £ s. d. £ s. d. Assets. £ s d. Sundry loans .. .. .. 5,57-1 8 11 Investment Account—Principal owing on bills of Less loan-moneys written off .. 359 8 11 sale .. .. .. .. .. 2,635 8 10 5,215 0 0 Temporary advances to Settlers Branch .. 2,165 0 0 Suspense Account .. .. .. .. 36 1 0 Sinking Fund investments held by Public Debt Interest on loans accrued but not due .. .. 77 11 11 Sinking Fund Branch .. .. .. 43 13 8* Sinking Fund .. .. .. .. 210 3 Interest on bills of sale— £s. d. Overdue .. .. . . 67 10 9 Accrued .. .. .. 34 5 0 101 15 9 Sundry debtors .. .. .. .. 32 0 6 Realization Account .. .. .. . . 0 4 7 Profit and Loss Account .. .. .. 314 16 5 Cash in hand and in bank at 31st March, 1925 . . 38 3 5 £5,331 3 2 £5,331 3 2 * This amount includes the sum of £41 3s. sd. 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 Balance —Interest. Account .. .. .. 17 1 8 By Balance —Loss for the year .. .. .. 218 13 8 Management Expenses Account .. .. 16 18 0 Loss on realization of securities .. .. 184 14 0 £218 13 8 £218 13 8 £ s. d. £ s. d. To Balance as at 31st March, 1924 .. .. 453 11 8 By Principal moneys written oft—Freed from liability 359 8 11 Loss for the year .. .. .. . . 218 13 8 Balance .. .. .. .. .. 314 16 5 £674 5 4 £674 5 4 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 .. .. .. 251 011 By Interest on bills of sale .. .. 132 18 9 Less accrued at 31st March, 1924 .. 82 18 5 Loss overdue and accrued at 31st 168 2 6 March, 1924 .. .. .. 103 15 5 Interest on loans accrued but not due .. .. 77 11 11 29 3 4 Interest on bank balances .. .. .. 5 0 0 Interest on temporary advances to Settlers Branch 92 13 8 Interest on bills of sale— Overdue at 31st March, 1925 .. 67 10 9 Accrued but not due at 31st March, 1925 .. .. .. 34 5 0 101 15 9 Balance transferred to Profit and Loss Account .. 17 1 8 £245 14 5 £245 14 5 Statement of Management Expenses Account for the Year ended 31st March, 1925. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. .. 15 0 0 By Balance transferred to Profit and Loss Account .. 16 18 0 Survey fees .. .. .. .. 1 18 0 £16 18 0 £16 18 0 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.

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