B.—l [Pγ. IV].

STATE ADVANCES OFFlCE—continued. RURAL ADVANCES BRANCH. Statement of Liabilities and Assets as at 31st March, 1931. Liabilities. ■ £ s. d. i Assets. £ s. d. Bonds issued .. .. .. ~ 3,978,950 0 0 I Investment Account —Principal owing by mortTemporary advances from Settlers Branch .. 740,000 0 0 gagors .. .. .. .. 4,404,337 1 8 Advances Suspense Account .. .. 12,490 0 0 Temporary investments .. .. .. 39,831 15 0 Fire Loss Suspense Account .. .. 2,260 0 0 Interest on mortgages — £ s. d. Suspense Account .. .. .. 89 12 11 Overdue .. .. 52,970 10 0 Income-tax Suspense Account .. .. 5,781 7 5 Accrued .. .. 63,801 12 8 Interest on loans accrued but not due .. 8,508 19 9 116,772 2 8 ProHt and Loss Account .. .. .. 16,859 8 7 Sundry debtors .. .. .. .. 44 111 Loan Charges Account .. .. .. 202, 585 1 7 Cash in hand and in bank at 31st March, 1931 1,369 5 10 £4,764,939 8 8 £4,764,939 8 8 Profit and Loss Account foe the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Management Expenses Account .. .. 3,629 15 0 By Interest Account —Gross profits .. .. 31,983 1 1 Loan-flotation charges written down .. 12,661 11 4 Income-tax .. .. .. .. 6,144 17 1 Balance —Net profits for the year .. .. 9,546 17 8 £31,983 1 1 £31,983 1 1 £ s. d. £ s. d. To Balance —Net profits carried forward .. 16,859 8 7 IBy Balance as at Ist April, 1930 .. .. 7,312 10 11 Net profits for the year .. .. .. 9,546 17 8 £16,859 8 7 £16,859 8 7 ===== I . == Interest Account for the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on bonds .. .. 162,501 1 0 By Interest on mortgages .. 182,446 11 5 Less accrued at 31st March, Less overdue and accrued at 1930 .. .. .. 5,650 9 231 st March, 1930 .. 59,209 16 1 156,850 11 10 123,236 15 4 Interest on bonds accrued but not due .. 8,508 19 9 Interest on temporary investments .. 328 13 8 Interest on amounts temporarily transferred Interest on bank balances .. .. 68 3 6 from Settlers Branch .. .. .. 43,063 2 6 Interest on mortgages — £ s. d. Balance —Gross profits transferred to Profit Overdue at 31st March, 1931 52,970 10 0 and Loss Account .. .. .. 31,983 1 1 Accrued but not due at 31st March, 1931 .. .. 63,801 12 8 116,772 2 8 £240,405 15 2 £240,405 15 2 Management Expenses Account for the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Audit Office services .. 105 0 0 By Consent fees .. .. .. .. 015 0 Cleaning, lighting, heating, and messenger services 55 0 0 Production fees .. .. .. .. 64 0 0 Postages and telegrams .. .. .. 171 4 6 Release fees .. .. .. .. 7 0 0 Post Office services .. .. .. 200 0 0 Balance transferred to Profit and Loss Account 3,629 15 0 Printing and stationery .. .. .. 150 0 0 Public Service Superannuation Fund contribution 53 0 0 Rent .. .. .. .. 270 0 0 Salaries .. .. .. .. .. 2,645 0 0 Solicitors' costs .. .. .. .. 2 5 6 Travelling-expenses .. .. .. 50 0 0 £3,701 10 0 £3,701 10 0 E. 0. Hales, Superintendent. 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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