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MISCELLANEOUS BUSINESS BRANCH.—HOUSING ACCOUNT. Statement op Liabilities and Assets as at 31st Mabch, 1929. Liabilities. j Assets. Sundry loans — £ s. d. £ s. d. j Investment Account — Principal £ s. d. £ s. d. Debentures .. .. 412,388 9 4 j owing on— Expenditure from Public Works Dwellings purchased .. .. 378,386 18 5 Fund .. .. .. 319,918 1 7 Sections purchased .. .. 2,576 15 3 Advances .. . . .. 352 8 11 732,306 10 11 Loans on mortgage .. .. 39 1 1 Less loan-moneys redeemed 381,355 3 8 and discharged from Con- Temporary advances to Settlers Branch .. 253,000 0 0 solidated Fund .. .. 19,468 9 4 Hutt Housing Suspense Account .. .. 10,429 0 0 i Completed dwellings . . .. .. .. 16,176 8 5 712,838 1 7 Dwellings let .. .. .. .. 17,257 7 0 Less loan-moneys redeemed Freehold land .. .. .. .. 19,763 11 4 by Public Debt Repayment Sinking Fund investments held by Public Debt Account .. .. 100 0 0 Redemption Fund .. .. .. *4,038 8 8 712,738 1 7 Insurance Fund Investment held by Settlers Liability to Consolidated Fund in terms of section Branch .. .. .. .. .. 4,612 0 5 22, Finance Act, 1926 ~ .. . . 100 0 0 1 Sundry debtors . . . . . . . 55 18 4 Sundry creditors .. .. .. 28 13 0 j Interest on dwellings and land— £ s. d. Suspense Account .. .. .. 1,091 6 4 j Overdue .. .. .. 7,012 5 9 Liability to Railway Department (Hutt housing) 8,113 0 0 Accrued .. .. .. 54 5 6 Insurance Fund .. .. .. .. 6,114 16 1.1 I —— 7,066 11 3 Interest on loans— £ s. d. j Rent overdue . . .. .. .. 1,863 8 2 Overdue .. .. 15,820 13 1 ! Insurance premiums— Accrued .. .. 3,890 14 5 ! Overdue .. .. .. 468 1 8 19,711 7 6 | Paid in advance .. .. 354 II 0 Sinking Fund .. . . .. .. 683 8 10 822 12 8 Reserve for losses oil realization and bad debts .. 7,414 2 1 Realization Suspense Account .. .. 1,277 311 Profit and Loss Account .. .. .. 37,938 19 7 Cash in hand and in bank at 31st March, 1929 .. 338 2 10 £755,994 16 3 j £755,994 16 3 * This amount includes the sum of £3,354 19s. 10(1. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st Mabch, 1929. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 2,225 2 6 By Interest Account—Gross profits .. .. 2,163 7 6 Dwellings maintenance .. . . . . 680 10 8 Sale of land and dwellings .. . . . . 810 1 Losses on realization of securities and doubtful Balance—Loss for the year . . . . 1,804 9 8 securities written down .. .. .. 1,07014 1 £3,976 7 3 £3,976 7 3 £ s. d. £ s. d. To Balance as at 31st March, 1928 . . . . 36,134 911 By Balance .. . . .. .. 37,938 19 7 Loss for the year .. .. .. . . 1,804 9 8 £37,938 19 7 £37,938 19 7 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 28,753 0 1 By Interest on land and dwellings 18,945 4 2 Less accrued at 31st March, Less overdue and accrued at 1928 .. .. .. 3,890 14 5 31st March, 1928 .. 7,014 8 7 24,862 5 8 11,930 15 7 Interest on loans accrued but not due . . 3,890 14 5 Interest on amounts temporarily transferred to Balance —Gross profits transferred to Profit Settlers Branch .. .. .. 11,883 12 1 and Loss Account .. .. .. 2,163 7 6 Interest on bank balances .. .. .. 35 8 8 Interest on dwellings and land — £ s. d. Overdue at 31st March, 1929 7,012 5 9 Accrued but not due at 31st March, 1929 .. .. 54 5 6 7,066 11 3 £30,916 7 7 £30,916 7 7 Management Expenses Account for the Year ended 31st March, 1929. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. •• 125 0 0 By Sundry fees .. .. .. .. 12 18 0 Cleaning, lighting, heating, and messenger Balance transferred to Profit and Loss Account.. 2,225 2 6 services .. • ■ ■ • ■ • 30 0 0 Fees paid for special services in respect of securities .. . • .. • • 110 9 9 Postages and telegrams . . .. . ■ 25 0 0 Post Office services . • • • . ■ 200 0 0 Printing and stationery ■ • ■ . - ■ 75 0 0 Public Service Superannuation Fund contribution . ■ •• • • • ■ •• 30 0 0 Rent .. . ■ ■ • - ■ • • 100 0 0 Salaries . . . ■ ■ • ■ • 1,284 0 0 Solicitors' costs . . ■. .. . • 8 10 9 Valuation Department—Agency work . . 250 0 0 £2,238 0 6 £2,238 0 6 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.

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