B.—l [Pγ. IV].

STATE ADVANCES OFFICE. advances to settlers branch. Statement of Liabilities and Assets as at 31st Mabch, 1931. Liabilities. £ s. d. Assets. Sundry loans .. .. .. .. 20,794,870 8 5 Investment Account — Principal owing by £ s. d. Temporary advances from— £ s. d. mortgagors .. .. .. .. 18,104,104 3 4 Local Authorities Branch 30,000 0 0 Temporary advances to — £ s. d. Public Debt Sinking Funds Workers Branch ..2,340,000 0 0 Branch .. .. 65,000 0 0 Rural Advances Branch .. 740,000 0 0 Advances Office Sinking 3,080,000 0 0 Fund Account .. 565,000 0 0 Sinking Fund Investments held by Advances Miscellaneous Business Office Sinking Fund Account .. .. 1,736,600 12 J Branch .. .. 361,250 0 0 ' Interest on mortgages— £ s. d. 1,021,250 0 0 Overdue .. .. 238,084 5 11 Amount held for investment on behalf of the Accrued .. .. 242,724 15 8 Housing Insurance Fund .. .. 5,631 12 1 480,809 1 7 Advances Suspense Account .. .. 19,578 9 7 Office furniture and equipment .. .. 6,962 2 6 Fire Loss Suspense Account .. .. 7,360 3 0 Motor-vehicle .. .. .. .. 204 6 0 Income-tax Suspense Account .. .. 7,352 7 11 Sundry debtors .. .. .. .. 4,229 16 5 Sundry creditors .. .. .. .. 4,649 3 6 Realization Suspense Account .. .. 124,852 611 Interest on loans accrued but not due .. 173,835 15 3 Loan Charges Account .. .. .. 159,687 17 2 Reserve for bad debts .. .. .. 124,852 6 11 Cash in hand and in bank at 31st March, 1931 223,530 12 9 Sinking Fund .. .. .. .. 1,736,600 12 1 Reserve Fund .. .. .. .. 25,000 0 0 £23,920,980 18 9 £23,920,980 18 9 —' ■ ' — - Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Cr. £ s. d To Management Expenses Account .. .. 32,854 610 By Interest Account —Gross profits ~ .. 172,079 17 2 Loss on realization of securities and doubtful securities written down.. .. .. 102,104 3 6 Office furniture and equipment written down 366 8 6 j Loan-flotation charges written down .. 12,930 12 3 Income-tax .. .. .. .. 8,510 15 11 Balance—Net profits for the year .. .. 15,313 10 2 £172,079 17 2 £172,079 17 2 To Amount invested in Advances Office Sinking £ s. d. £ s. d. Fund Account .. .. .. 15,313 10 2 |By Net profits for the year .. .. .. 15,313 10 2 £15,313 10 2 \ £15,313 10 2

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