11

8.—13

PUBLIC DEBT SINKING FUNDS BRANCH. Statement or Liabilities and Assets as at 31st March, 1929. 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 .. .. 3,685 0 0 Settlers .. .. 1,099,384 19 2 Fire Loss Suspense Account .. .. 75 0 0 Workers .. .. 72,217 0 8 Suspense Account . . .. .. .. 192 7 0 Local bodies .. ..2,084,088 6 7 Sundry creditors—lnterest due to Consolidated 3,255,690 6 5 Fund in accordance with section 12 (a). Re- Temporary advances to Settlers Branch .. 16,000 0 0 payment of the Public Debt Act, 1925 .. 11,515 14 9 Sundry debtors .. .. .. .. 23 211 Interest due to Treasury, overdue and accrued,. 46.775 14 2 Interest overdue on loans to— £ s. d. Settlers .. .. 5,671 17 9 Workers .. .. 264 3 9 Local bodies .. .. 5,064 0 9 11,000 2 3 Interest accrued on loans to — Settlers .. .. 13,913 1 2 Workers .. .. 892 12 0 Local bodies .. .. 20,969 18 9 — 35,775 11 11 Cash in hand and in bank at 31st March, 1929 2,710 11 9 £3,321,199 15 3 £3,321,199 15 3 Interest Account for the Year ended 31st March, 1929. 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), Settlers .. .. .. 49,480 3 2 Repayment of the Public Debt Act, Workers.. .. .. 3,279 18 10 1925 — Local bodies .. .. 94,037 8 1 Paid to Treasury .. .. .. 139,661 10 8 In hand at 31st March, 1929 .. .. 11,515 14 9 146,797 10 1 Overdue and accrued at 31st March. 1929 46,775 14 2 Less overdue and accrued at 31st March, 1928 .. 44,028 10 2 197,952 19 7 102,768 19 11 Less overdue and accrued at 31st March, Interest on expenses incurred in protection of 1928 .. .. .. .. 44,028 10 2 securities .. .. .. .. 14 1 9 Interest on bank balances .. .. .. 78 3 7 Interest on temporary advances to Settlers Branch .. .. .. .. 4,287 10 0 Interest overdue at 31st March, 1929, on loans to— £ s. d. Settlers.. .. .. 5,67117 9 Workers.. . . . . 264 3 9 Local bodies .. .. 5,064 0 9 — 11,000 2 3 Interest accrued at 31st. March, 1929, on loans to— Settlers .. ■■ 13,913 1 2 Workers.. .. .. 892 12 0 Local bodies . . 20,969 18 9 35,775 11 11 £153,924 9 5 £153,924 9 5 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. 0. Campbell, Controller and Auditor-General.

3—B. 13.