8.—13

18

REPATRIATION. Statement of Liabilities and Assets as at 31st March, 1929. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Liability to Redemption Account as at Ist April, Investment Account —Principal 1925 .. .. .. .. 1,290,182 2 1 owing by mortgagors .. 287,524 15 2 Less repayments to 31st March, 1929 .. 140,625 7 4 Less Suspense adjustments .. 152 12 4 — 287,372 210 1,149,556 14 9 Interest on bills of sale, overdue .. .. 6,737 11 5 Less expenditure irrecoverable £ s. d. Cash in hand and in bank at 31st March, 1929.. 3,676 12 5 to 31st March, 1928 .. 838,121 19 11 Losses on realization for the year ended 31st March, 1929 21,232 16 6 Management expenses for the year ended 31st March, 1929 2,829 15 6 862,184 11 11 Liability to Redemption Account as at 31st March, 1929 .. .. .. 287.372 2 10 Sundry creditors, Treasury — £ s. d. Interest . . . . .. 739 9 2 Principal.. .. .. 2,875 8 4 — 3,614 17 6 Suspense Account .. .. .. .. 01 14 11 Interest on advances from War Expenses Account, overdue .. .. .. .. 6,737 11 5 £297,786 6 8 £297,786 6 8 Interest Account for the Year ended 31st March, 1929. Dr. £ s. d. Gr. £ s. d. £ s. d. To Interest paid to Treasury .. .. .. 2,369 0 0 By Interest on bills of sale .. 3,335 16 10 Interest in hand due to Treasury 31st March, Interest on bills of sale, overdue 1929 .. .. .. .. .. 739 9 2 at 31st March, 1929 .. 6,737 11 5 Interest due to Treasurv, overdue at 31st March, 1929 .. .. .. .. .. 6,737 11 5 10,073 8 3 I/ess overdue at 31st March,l92B 8,072 3 9 9,846 0 7 Less interest due to Treasury, overdue at 31st 2,001 4 6 March, 1928 .. .. .. .. 8,072 3 9 Less realizations —Interest .. 392 19 11 —— 1,608 4 7 Interest on bank balances .. .. 165 12 3 £1,773 16 10 £1,773 16 10 Management Expenses Account for the Year ended 31st March, 1929. Dr. £ s. d. Or. £ s. d. To Audit Office services .. .. .. 75 0 0 By Sundry fees .. .. . . .. 015 10 Cleaning and messenger services .. .. 60 0 0 Balance recouped in accordance with secCommission .. .. .. . . 31 14 1 tion 13 (3), State Advances Amendment Act, Postages and telegrams .. .. .. 225 0 0 1922 .. .. .. .. .. 2,829 15 6 Post Office services . . . . .. 300 0 0 Printing and stationery .. . . . . 110 0 0 Rent .. . . ' .. .. 250 0 0 Salaries .. . . . . . . 1,655 0 0 Solicitors' costs . . . . . . . . 72 17 3 Training-expenses . . . . • . . 51 0 0 £2,830 11 4 £2,830 11 4 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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