B.—l [Pt. IV].

STATE ADVANCES OFFlCE— continued. ADVANCES TO SETTLERS BRANCH— continued. Interest Account for the Year ended 31st March, 1931. Dr. £ a. d. £ s. d. j Cr. £ s. d. £ s. d. To Interest on loans .. 942,022 6 7 By Interest on mortgages .. 901,789 11 6 Less accrued at 31st March, Less overdue and accrued 1930 .. 174,584 0 7 at 31st March, 1930 .. 389,519 16 11 767,438 6 0 512,269 14 7 Interest on loans accrued but not due .. 173,835 15 3 Interest on outstanding payments .. 239 13 7 Interest on amounts temporarily transferred Interest on bank balances .. . . 741 15 0 from other branches .. .. .. 43,920 7 2 Interest on temporary advances to other Interest on temporary investments refunded 4,545 11 11 branches .. .. .. .. 165,254 15 10 Balance —Gross profits transferred to Profit £ s. d. and Loss Account .. .. .. 172,079 17 2 Interest on temporary investments .. .. 2,567 17 2 Less accrued at 31st March, 1930 .. .. 63 0 3 2,504 16 11 Interest on mortgages — Overdue at 31st March, 1931 .. .. 238,084 5 11 Accrued but not due at 31st March, 1931 .. 242,724 15 8 480,809 1 7 £1,161,819 17 6 £1,161,819 17 6 4 Management Expenses Account for the Year ended 31st March, 1931. Dr. £ s. d. ! Cr. £ s. d. To Advertising, newspapers, &c. .. .. 818 8 By Consent fees .. .. .. .. 78 15 0 Audit Office services .. .. .. 375 0 0 Production fees .. .. .. .. 728 17 4 Cleaning, lighting, heating, and messenger ser- Release fees .. .. .. .. 276 12 5 vices .. .. .. .. .. 467 4 9 Balance transferred to Profit and Loss Account 32,854 6 10 Contingencies .. .. .. ■ • 19 17 0 Management charges on New Zealand stock and bonds .. .. .. .. 2,533 1 6 Meal allowances and overtime .. .. 761 9 3 Office maintenance .. .. .. 176 14 7 Postages and telegrams .. .. .. 1, 202 1 1 Post Office services .. .. .. 1,770 19 0 Printing and stationery .. .. .. 329 210 Public Service Superannuation Fund contribution .. .. .. .. 688 15 9 Rent 2,313 9 0 Salaries .. .. .. .. .. 22,136 1 3 Solicitors' costs and Court costs .. .. 56 12 4 Telephones .. .. .. .. 128 8 9 Travelling-expenses' .. 232 2 4 Typewriters and adding-machines—Repairs 88 13 6 Valuation Department—Agency work .. 650 0 0 £33,938 11 7 £33,938 11 7 E. 0. Hales, Superintendent. E. Eobertson, 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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