15

8.—13

FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 3.lst March, 1929. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 69,598 14 3 Investment Account —Principal owing by mort Less loan liability redeemed and gagors .. .. .. .. .. 37 ,564 7 9 discharged from Consolidated Properties acquired .. .. .. .. 4,212 8 6 Fund .. .. .. 6,008 14 3 Temporary advances to Settlers Branch .. 21,200 0 0 Sinking Fund investments held by Public Debt. 63,590 0 0 Redemption Fund .. .. .. *741 5 7 Less loan liability redeemed by Interest on mortgages — £ s. d. Public Debt Repayment Ac- Overdue .. .. .. 1,580 8 I count .. .. .. 5,000 0 0 Accrued .. .. .. 275 3 5 58,590 0 0 1,855 1.1 6 Liability to Consolidated Fund in terms of sec- Sundry debtors .. .. .. .. 96 6 8 tion 22, Finance Act, 1926 .. .. .. 5,000 0 0 Profit and Loss Account .. .. .. 4,113 13 I Suspense Account .. .. .. .. 171 9 9 Cash iu.hand and in bank at 31st March, 1929 .. 77 4 1 Income-tax Suspense Account. . .. .. 46 12 0 Interest on loans— £ s. d. Overdue .. .. .. 1,209 7 10 Accrued .. .. .. 1,162 3 4 — 2,371 11 2 Rent accrued .. .. .. .. 37 1 8 Reserve for losses on realization and bad debts .. 3,515 13 10 Sinking Fund .. .. .. . . .128 8 9 £69,860 17 2 £69,860 .17 2 * This amount includes the auin of £612 16s. lOd. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1929. Dr. £ s. d. i Or. £ g. d. To Management Expenses Account .. .. .100 0 0 By Interest Account —Gross profits .. .. 410 15 9 Expenses of realization of assets .. .. 47 0 0 Balance —Net profits for the year .. .. 263 15 9 £410 15 9 £410 15 9 £ s. d. £ g. d. To Balance as at 31st March., 1928 .. .. 4,330 16 10 By Net profits for the year .. .. .. 263 15 9 Income-tax .. .. .. .. 46 12 0 Balance .. .. .. .. .. 4,113 13 1 £4,377 8 10 £4,377 8 10 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. 2,343 12 0 By Interest on mortgages .. .. 2,082 12 6 Less accrued at 31st March, 1.928 1,162 3 4 Interest on mortgages— 1,181 8 8 Overdue at 31st March, 1929 .. 1,580 8 1 Interest on loans accrued but not due.. .. 1,162 3 4 Accrued at 31st March, 1929 .. 275 3 5 Balance —Gross profits transferred to Profit and Loss Account .. .. .. .. 410 15 9 3,938 4 0 Less interest overdue and accrued at 31st March, 1928 .. 2,081. 2 7 — 1,857 1 5 Interest on bank balances .. .. .. 3 5 6 Interest on temporary advances to Settlers Branch .. .. .. .. .. 894 0 10 £2,754 7 9 £2,754 7 9 Management Expenses Account for the Year ended 31st March, 1929. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 95 0 0 By Balance transferred to Profit and Loss Account.. 100 0 0 Audit Office services .. .. .. 5 0 0 £100 0 0 £100 0 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 29th June, 1929. E. 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.