8.—13.

9

PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st' March, 1928. Liabilities. Assets. Sinking Fund created under the provisions of £ s. d. Investment Account—Principal £s.d.£ s. d. the Public Debt Extinction Act, 1910 .. 3,258,955 19 4 ( owing on loans to — Advances Suspense Account .. .. 480 0 0 Settlers .. .. 983,648 16 0 Fire Loss Suspense Account.. .. .. 1,425 0 0 Workers .. .. 69,691 6 7 Suspense Account .. .. .. .. .186 12 8 Local bodies .. .. 2,121,012 15 4 Sundry creditors —Interest due to Consolidated 3,174,352 17 11 Fund in accordance with section 12 (a), Re- Temporary advances to Settlers Branch .. 108,000 0 0 payment of the Public Debt Act, 1925 .. 21,748 10 6 Sundry debtors .. .. .. .. 29 511 Interest due to Treasury, overdue and accrued 44,028 10 2 Interest overdue on loans to — £s. d. Settlers .. .. 5,651 2 7 Workers .. .. 232 4 6 Local bodies .. .. 3,474 0 3 9,357 7 4 | Interest accrued on loans to— Settlers .. .. 12,285 5 4 Workers .. .. 851 14 0 Local bodies .. .. 21,534 3 6 34,671 2 10 Cash in hand and in bank at 31st March, 1928 413 18 8 £3,326,824 12 8 £3,326,824 12 8 Interest Account for the Year ended 31st March, 1928. Dr. Cr. To Interest on investments due to Consolidated £ s. d. By Interest on loans to — £s.d.£ s. d. Fund in accordance with section 12 (a) Re- Settlers .. . . .. 47,585 8 4 payment of the Public Debt Act, 1925— Workers.. . . .. 3,246 17 1 Paid to Treasury .. .. .. 130,034 14 3 Local bodies .. .. 97,208 9 3 In hand, 31st March, 1928 . . .. 21,748 10 6 Overdue and accrued at 31st March, 1928 .. 44,028 10 2 148,040 14 8 Less interest overdue and 195,811 14 11 accruedat 31st March, 1927 44,047 17 0 Less overdue and accrued at 31st March, 44,047 17 0 103,992 17 8 1927 Interest on expenses incurred in protection of securities . . .. .... 18 1 Interest on bank balances .... .. 103 12 0 Interest on temporary advances to Settlers Branch .. .. .. .. 3,637 10 0 Interest overdue at 31st March, 1928, on loans to — £s. d. Settlers .. .. .. 5,651 2 7 Workers.. .. .. 232 4 6 Local bodies .. .. 3,474 0 3 9,357 7 4 Interest accrued at 31st March, 1928, on loans to — Settlers.. .. .. 12,285 5 4 Workers.. .. .. 851 14 0 Local bodies .. .. 21,534 3 6 34,671 2 10 £151,763 17 11 £151,763 17 11 Wm. Waddel, Superintendent. State Advances Office, Wellington, 23rd August, 1928. 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. —G. F. C. Campbell, Controller and Auditor-General.

2—B. 13.