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FISHING INDUSTRY PROMOTION ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1928. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 5,571 19 2 Investment Account—Principal owing on bills of Less loan liability redeemed and sale .. .. .. .. .. 1,072 12 1 discharged from Consolidated Temporary advances to Settlers Branch .. 2,990 0 0 Fund .. .. .. 1,036 19 2 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. .. *47 11 4 4,535 0 0 Interest on bills of sale— £ s. d. Less loan liability redeemed by Overdue .. .. .. .. 34 7 1 Public Debt Repayment Ac- Accrued .. .. .. ..13126 count .. .. .. 1,060 0 0 47 19 7 3,475 0 0 Sundry debtors .. .. .. .. 7 7 2 Liability to Consolidated Fund in Profit and Loss Account .. .. .. 372 2 5 terms of section 22, Finance Act, Cash in hand and in bank at 31st March, 1928 . 186 15 5 1922 .. .. .. .. .. 1,060 0 0 Income-tax Suspense Account .. .. 5 13 0 Interest on loans— Overdue .. .. .. 126 7 2 Accrued .. .. .. 50 19 11 177 7 1 Sinking Fund .. .. .. .. 6 711 £4,724 8 0 £4,724 8 0 * This amount includes the sum of £41 3s. sd. capital paid into the Sinking Fund in accordance with the Public Debt Extension Act, 1910. Profit and Loss Account for the Year ended 31st March, 1928. Dr. £ s. d. Gr. £ s. d. To Management Expenses Account .. .. 17 12 10 By Interest Account —Gross profits .. .. 48 12 5 Balance —Net profits for the year .. .. 30 19 7 £48 12 5 £48 12 5 £ s. d. £ s. d. To Balance at 31st March, 1927 .. .. .. 397 9 0 By Net profits for the year .. .. . . 30 19 7 Income-tax .. .. .. .. 5 13 0 Balance .. .. .. .. .. 372 2 5 £403 2 0 £403 2 0 Interest Account for the Year ended 31st March, 1928. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. .. 170 16 1 By Interest on bills of sale .. .. 38 6 I Less accrued at 31st March, 1927 .. 66 13 7 Less overdue and accrued at 31st 104 2 6 March, 1927 .. .. .. 31 19 4 Interest on loans accrued but not due .. .. 50 19 11 6 6 9 Balance —Gross profits transferred to Profit and Interest on bank balances . . .. .. 3 10 Loss Account .. .. .. .. 48 12 5 Interest on temporary loans to Settlers Branch .. .. .. .. 146 7 6 Interest on bills of sale— Overdue at 31st March, 1928 .. 34 7 1 Accrued at 31st March, 1928 .. 13 12 6 47 19 7 £203 14 10 £203 14 10 Management Expenses Account for the Year ended 31st March, 1928. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 17 12 10 Audit Office services .. .. .. .. 500 Survey fees .. .. .. .. .. 212 10 £17 12 10 £17 12 10 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.

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