B—l4a

1929. NEW ZEALAND.

RURAL INTERMEDIATE CREDIT BOARD (ACCOUNTS OF THE) FOR THE YEAR ENDED 30th JUNE, 1929.

Presented to both Houses of the General Assembly in accordance with the Provisions of Sections 38 (2) and 67 (2) of the Rural Intermediate Credit Act, 1927.

STATEMENT OP ACCOUNTS OF THE RUKAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. Assets. Establishment grant from Consolidated Fund .. 10,000 0 0 Investments of Rural Intermediate Credit Re- £ s. d. Advances from Consolidated Fund for preliminary demption Fund—Government securities and expenses of associations .. .. .. 200 0 0 interest accrued .. .. .. .. 67,329 18 7 •Advances from Consolidated Fund under sec- Temporary investments—Government securities 34,000 0 0 tion 16 .. .. .. .. .. 197,100 0 0 Advances to associations for preliminary expenses 365 2 3 Rural Intermediate Credit Redemption Fund — Advances to associations under Part II .. 68,828 15 8 Accumulated interests on investments and Advances to farmers under Part 111 .. . . 92,334 5 5 share of profits .. .. .. 1,911 8 2 Bills discounted .. .. .. .. 3,952 4 8 Rural Intermediate Credit Reserve .. .. 280 10 4 Accrued interest on investments .. .. 2,263 16 4 Bonds and debentures .. .. .. 70,700 0 0 £ s. d. Accrued interest on bonds and debentures .. 1,106 3 4 Furniture and fittings, &c... .. 29 10 1 Sundry creditors .. .. .. .. 2,563 11 11 Less depreciation .. .. 214 0 26 16 1 Office appliances .. .. 74 7 6 Less depreciation .. .. 9 7 0 65 0 6 Expenses re issue of debentures .. .. 103 3 3 Preliminary expenses .. .. .. 6,746 10 5 Stationery and stores .. .. .. 432 7 2 Sundry debtors .. .. .. .. 46 18 7 Cash at bank, at post-office, or in transit .. 7,366 14 10 £283,861 13 9 £283,861 13 9 Profit and Loss Account foe the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 2,179 210 By Interest on temporary investments .. .. 305 8 2 Services of Public Trust Office .. .. 1,569 19 5 Interest on advances to associations .. .. 2,139 12 8 Printing, stationery, and requisites .. .. 202 6 I Interest on advances to farmers .. .. 3,337 19 9 Advertising .. .. .. .. 5 10 Discount on bills discounted .. .. 157 10 5 Travelling-expenses of officers .. .. 4 5 0 Travelling-expenses of Board members .. 317 0 10 Board members' fees and honoraria .. .. 797 3 0 General expenses .. .. .. .. 182 11 2 Audit fees .. .. .. .. 11000 Depreciation .. .. .. .. 12 1 0 Balance transferred to Appropriation Account.. 561 0 8 £5,940 11 0 £5,940 11 0 Profit and Loss Appropriation Account for the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Rural Intermediate Credit Redemption Fund .. 280 10 4 By Profit and Loss Account—Balance transferred .. 561 0 8 Rural Intermediate Credit Reserve .. .. 280 10 4 £561 0 8 £561 0 8 J. W. Macdonald, Commissioner. W. Barr, Chief 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.—J. H. Fowler, Deputy Controller and Auditor-General.