8.—13

14

LO kNS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement op Liabilities and Assets as at 31st March, 1929. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. .. 3,975 0 0 Investment —Principal owing by mortgagors .. 2,711 12 8 Income-tax Suspense Account .. .. 310 0 Temporary advances to Settlers Branch ■■ 1,100 0 0 Interest on loans— £ s. d. Sinking Fund investments held by Public Debt Overdue .. .. .. 112 17 10 Redemption Fund .. .. .. 40 14 2 Accrued .. .. .. 38 15 5 Interest on mortgages— £ s. d. 151 13 3 Overdue .. . • •• 308 16 ( > Sinking Fund .. .. .. .. 40 14 2 Accrued .. .. 1 10 11 Profit and Loss Account .. .. . . 8 19 11 310 7 5 Cash in hand and in bank at 31st March, 1929 .. 17 3 1 £4,179 17 4 £4,179 17 4 Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. 10 0 0 By Interest Account —Gross profits .. .. 27 17 2 Balance—Net profits for the year .. .. 17 17 2 £27 17 2 £27 17 2 £ s. d. £ s. d. To Income-tax .. .. .. .. .. 310 0 By Net profits for the year .. .. 17 17 2 Net profits invested in Public Debt Redemption Fund .. .. .. .. .. 573 Balance —Net profits carried forward .. .. 819 11 . £17 17 2 | £17 17 2 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans . . .. .. 159 0 0 By Interest on mortgages .. .. 113 10 6 Less accrued at 31st March, 1928 38 15 5 Interest on mortgages— 120 4 7 Overdue at 31st March, 1929 .. 308 16 6 Interest on loans accrued but not due .. 38 15 5 Accrued at 31st March, 1929 .. 110 11 Balance—Gross profits transferred to Profit and and Loss Account .. .. .. .. 27 17 2 423 17 11 Less interest overdue and accrued at 31st March, 1928.. .. 286 6 11 137 11 0 Interest on temporary advances to Settlers Branch 48 6 8 Interest on bank balances .. ~ 0 19 6 £186 17 2 £186 17 2 Management Expenses Account for the Year ended 31st March, 1929. Dr. £ s. d. Cr. £ s . d. To Administration expenses .. .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 10 0 0 £10 0 0 £10 0 0 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.— (t. F. C. Campbell, Controller and Auditor-General.