13.—13

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ADVANCES office sinking fund account. Statement of Liabilities and Assets as at 31st march, 1929. Liabilities. A ssets. Principal received as at 31st March, 1928, with Investment Account —Princiaccumulated interest from— £ s. d. pal owing on loans to— £ s. d. £ s. d. Settlers Branch .. .. .. 1,931,362 15 2 Settlers .. .. 1,044,474 14 0 Workers Branch .. .. .. 275,734 5 5 Workers .. .. 64,569 18 4 Local Authorities Branch .. .. 375,020 10 11 Local bodies .. .. 403,141 8 0 1,512,186 0 4 2,582,117 11 6 Temporary advances to Settlers Branch .. 191,000 0 0 Interest earned for the year ended 31st March, Sundry debtors .. .. .. .. 62 11 3 1929— Interest overdue on loans to — £ s. d. Settlers Branch .. .. .. 80,441 18 7 Settlers .. .. 6,596 3 4 Workers Branch .. .. .. 4,039 6 6 Workers .. .. 628 14 11 Local Authorities Branch .. .. 17,417 11 0 Local bodies .. .. 1,998 11 11 9,223 10 2 2,684,016 7 7 Interest accrued on loans to — Net profits transferred from Settlers Branch .. 12,833 2 4 Settlers .. .. 11,815 8 8 —— Workers .. . . 698 14 0 2,696,849 9 11 Local bodies .. .. 3,378 3 10 Less redemption of loans — £ s. d. 15,892 6 6 Settlers Branch . . .. 485,365 1 11 Cash in hand and in bank at 31st March, 1929 .. 48,969 4 9 Workers Branch .. 208,091 7 11 Local Authorities Branch.. 228,209 17 7 921,666 7 5 Total fund as at 31st March, 1929 .. .. 1,775,183 2 6 Advances Suspense Account .. .. 475 0 0 Suspense Account .. . . . . 320 10 6 Fire Loss Suspense Account .. .. 1,355 0 0 £1,777,333 13 0 £1,777,333 13 0 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. Cr. To Interest on investments—Transferred to By Interest on loans to — £ s. d. £ s. d. Sinking Fund Account .. .. .. 101,898 16 1 ' Settlers .. .. .. 50,221 3 5 Workers .. .. .. 2,999 18 9 Local bodies .. .. 17,854 7 6 71,075 9 8 Less overdue and accrued at 31st March, 1928 .. 25,904 18 9 45,170 10 11 Interest on bank balances .. .. .. 120 2 7 Interest on temporary advances to Settlers Branch .. .. .. .. 31,492 5 11 Interest overdue at 31st March, 1929, on loans to> — £ s. d. Settlers .. .. . . 6,596 3 4 Workers .. . . .. 628 14 11 Local bodies .. .. 1,998 11 11 9,223 10 2 Interest accrued at 31st March, 1929, on loans to— Settlers .. .. .. 11,815 8 8 Workers .. . . .. 698 14 ' 0 Local bodies .. 3,378 3 10 ; _____ 15,892 6 6 £101,898 16 1 | £101,898 16 1 . 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. C. Campbell, Controller and Auditor-General.