8.—13

10

ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement op Liabilities and Assets as at 31st March, 1929. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 2,790,293 11 8 Investment Account—Principal owing by local Loan-moneys—Unexpended balances under sec- bodies .. .. .. .. .. 2,737,346 19 3 tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 Sinking Fund investments held by Advances Temporary advances from Settlers Branch .. 110,000 0 0 Office Sinking Fund Account .. .. 164,228 4 4 Interest on loans accrued but not due .. 35,893 18 8 Interest on debentures — £ s. d. Sinking Fund .. .. .. .. 164,228 4 4 Overdue .. .. 3,730 17 10 Accrued .. .. 24,091 3 9 27,822 1 7 Loan Charges Account .. .. .. 30,669 7 0 Profit and Loss Account .. .. 142,930 16 10 Cash in hand and in bank at 31st March, 1929. . 1,405 18 6 £3,104,403 7 6 £3,104,403 7 6 Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s. d. To Balance —Interest Account .. .. 6,783 14 4 By Balance —Loss for the year .. .. 8,148 10 2 Management Expenses Account .. .. 1,364 15 10 £8,148 10 2 £8,148 10 2 £ s. d. £ s. d. To Balance as at 31st, March, 1928 .. .. 133,701 110 By Balance .. .. .. .. 142,930 16 10 Loan-flotation charges written down .. 1,081 4 10 Loss for the year .. .. .. 8,148 10 2 £142,930 16 10 £142,930 16 10 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. 104,534 15 4 By Interest on debentures .. 114,762 6 0 Less accrued at 31st March, Less overdue and accrued at 1928 .. .. .. 36,553 18 8 31st March, 1928 .. 27,443 17 8 67,980 16 8 87,318 8 4 Interest on amounts temporarily transferred Interest on bank balances .. .. 32 8 8 from Settlers Branch .. .. 18,081 17 7 Interest on debentures— Interest on loans but not due .. 35,893 18. 8 Overdue at 31st March, 1929 3,730 17 10 Accrued but not due at 31st March, 1929 .. .. 24,091 3 9 27,822 1 7 Balance transferred to Profit and Loss Account 6,783 14 4 £121,956 12 11 ! £121,956 12 11 Management Expenses Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s . d. To Audit Office services .. .. .. 50 0 0 By Balance transferred to Profit and Loss Account.. 1,364 15 10 Cleaning, lighting, heating, and messenger services .. .. .. .. .. 30 0 0 Management charges—New Zealand stock and bonds .. .. .. .. .. 151 15 10 Postages and telegrams . . .. .. 35 0 0 Post Office services .. .. .. .. 30 0 0 Printing and stationery .. .. .. 150 0 0 Public Service Superannuation Fund contribution 20 0 0 Rent .. .. .. .. .. 100 0 0 Salaries .. .. .. .. . . 798 0 0 £1,364 15 10 £1,364 15 10 Wm. Waddel, Superintendent. State Advances Office, Wellington, 29th June, 1929. 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. (X Campbell, Controller and Auditor-General.