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FISHING-INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1929. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. ... 5,571 19 2 Investment Account—Principal owing on bills of sale 1,025 17 2 Less loan liability redeemed and Temporary advances to Settlers Branch .. .. 3,250 0 0 discharged from Consolidated Sinking Fund investments held by Public Debt Fund .. .. .. 1,036 19 2 Redemption Fund .. .. .. .. *49 4 2 Interest on bills of sale — £ s. d. 4,535 0 0 Overdue .. .. .. 23 12 9 Less loan liability redeemed by Accrued .. .. .. 14 10 10 Public Debt Repayment Account 1,060 0 0 38 3 7 3,475 0 0 Sundry debtors .. .. .. .. 16 8 8 Liability to Consolidated Fund in terms of sec- Profit and Loss Account .. .. . . 346 2 0 tion 22, Finance Act, 1926 .. .. .. 1,060 0 0 Cash in hand and in bank at 31st March, 1929 .. 29 14 10 Suspense Account .. .. .. .. 42 4 10 Income-tax Suspense Account .. .. .. 513 0 Sundry creditors . . .. .. .. 110 Interest on loans— £ s. d. Overdue . . . . . . 112 10 11 Accrued . . . . . . 50 19 11 — 163 10 10 Sinking Fund .. . . .. .. 8 0 9 £4,755 10 5 £4,755 10 5 * This amount includes the sum of £41 3s. sd. 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. Cr. £ s. d. To Management Expenses Account .. .. 18 3 0 By Interest Account—Gross profits .. .. 49 16 5 Balance —Net profits for the year .. .. 31 13 5 £49 16 5 £49 16 5 £ s. d. £ s. d. To Balance at 31st March, 1928 .. .. .. 372 2 5 By Net profits for the year .. .. .. 31 13 5 Income-tax .. .. .. .. 5 13 0 Balance .. .. .. .. .. 346 2 0 £377 15 5 £377 15 5 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. £ s. d. Cr. £ s . d. £ s. d. To Interest on loans .. .. .. 155 2 6 By Interest on bills of sale .. .. 61 2 7 Less accrued at 31st March, 1928.. 50 19 11 Less overdue and accrued at 31st, 104 2 7 i March, 1928 .. .. . . 47 19 7 Interest on loans accrued but not due .. .. 50 19 11 ] 13 3 0 Balance —Gross profits transferred to Profit and : Interest on bank balances .. .. .. 2 16 Loss Account .. .. .. .. 49 16 5 j Interest on temporary advances to Settlers Branch 151 10 10 Interest on bills of sale — £ s. d. Overdue at 31st March, 1929 . . 23 12 9 Accrued at 31st March, 1929 14 10 10 38 3 7 £204 18 11 £204 18 11 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 .. 18 3 0 Audit Office services .. .. . . .. 5 0 0 Survey fees .. .. .. .. 3 3 0 £18 3 0 £18 3 0 Wm. Waddel, Superintendent. State Advances Office, Wellington, 29th June, 1929. R. Robertson, Accountant. 1 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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