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Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. .. 10 0 0 By Survey fees .. .. .. .... 2 1 8 Audit Office services .. .. .. 5 0 0 Balance transferred to Profit and Loss Account .. 13 13 4 Court costs .. .. .. .. .. 0 15 0 £15 15 0 £15 15 0 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. Note. —In the absence of statutory authority no provision has been made during the year by this Account for redemption of loan liability.— J. H. Fowler, Deputy Controller and Auditor-General. The Profit and Loss Account set out above reveals a loss for the year of £12 4s. 3d., hence no provision by the account could be made for the redemption of loan liability.—A. A. Prichard, Deputy Superintendent. REPATRIATION. Statement op Liabilities and Assets as at 31st March, 1927. Liabilities. £ s. d. Assets. £ s. d. Liability to Redemption Account as at Ist April, Investment Account — Principal £ s. d. 1925 .. .. .. .. 1,287,258 6 8 owing by mortgagors .. 372,935 8 10 Plus balance reserve for loss as taken over from Less Suspense adjustments .. 161 12 4 Repatriation Department—reversed .. 2,923 15 5 372,773 16 6 Buildings and farm assets .. .. .. 2,41464 1,290,182 2 1 Sundry debtors .. .. .. .. 165 0 0 Less repayments to 31st March, 1927 .. 90,584 10 0 Losses in suspense .. .. .. .. 4,272 17 10 Interest on mortgages —Overdue .. .. 9,830 3 3 1,199,597 12 1 Cash in hand and in bank at 31st March, 1927 .. 4,964 12 0 Less expenditure irrecoverable £ s. d. to 31st March, 1926 ..819,275 12 5 Management expenses for year ended 31st March, 1927 .. 5,000 1 10 824,275 14 3 375,321 17 10 Treasury— Interest .. .. .. 819 12 11 Principal .. .. .. 4,056 1 0 4,875 13 11 Sundry creditors .. . . .. 33 7 0 Suspense Account .. .. .. 86 16 1 Writings off Suspense .. .. 4,272 17 10 Interest on advances from War Expenses Account —Overdue .. .. 9,830 3 3 £394,420 15 11 £394,420 15 11 Interest Account for the Year ended 31st March, 1927. Dr. £ s. d. i Or. £ s. d. £ s. d. To Interest paid to Treasury .. .. ..- 4.140 15 5 : By Interest on bills of sale.. .. 4,256 17 1 Interest due to Treasury — Overdue at 31st Interest on bills of sale—Overdue March, 1927 .. .. .. .. 9,830 3 3 ! at 31st March, 1927 .. 9,830 3 3 13,970 18 8 ! 14,087 0 4 Less interest due to Treasury—Overdue at Less overdue at 31st March, 1926 10,535 1 0 31st March, 1926 .. ' .. .. 10,535 1 0 i — 3,551 19 4 Less realizations—lnterest .. 166 I 8 3,385 17 8 Interest on bank balances .. .. 50 0 0 £3,435 17 8 J £3,435 17 8 I Management Expenses Account for the Year ended 31st March, 1927. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 175 0 0 By Balance recouped in accordance with section Cleaning and messenger services .. .. 65 0 0 [3 (3), of the State Advances Amendment Cartage .. ..' .. .. .. 0 6 6 Act, 1922 .. .. .. .. 5,000 1 10 Commission .. .. .. .. 26 3 7 Inspection fee .. .. .. .. 110 Postages and telegrams .. .. .. 349 15 II Post < iffice services .. .. .. 450 0 0 Printing and stationery .. .. .. 300 0 0 Rent .. .. .. • • • • 250 0 0 Salaries .. .. .. .. 3,200 0 0 Solicitor's costs .. .. .. .. 130 5 11 Training subsidy .. .. .. .. 49 10 0 Petty expenses .. .. .. .. 218 11 £5,000 1 10 £5,000 1 10 A. A. Prichard, Deputy Superintendent. State Advances Office, Wellington, 30th June, 1927. R. Robertson, Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the books and documents submitted for audit, and correctly state the position as disclosed thereby. —J. H. Fowler, Deputy Controller and Auditor-General.

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