B.—l [Pγ. IV].

STATE ADVANCES OFFlCE—continued. COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1931. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Sundry loans .. .. .. 82,750 0 0 Investment Account —Principal owing by mortLess loan liability redeemed and gagors .. .. .. .. •• 20,090 10 0 discharged from Consolidated Temporary advances to Settlers Branch .. 41,700 0 0 Fund .. .. ■ ■ 7,500 0 0 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. *1,198 5 1 75,250 0 0 Interest on mortgages — £ s. d. Less loan liability redeemed by Overdue .. .. .. 1,103 9 5 Public Debt Repayment Ac- Accrued .. .. .. 397 4 0 count .. .. .. 1,530 0 0 1,500 13 5 73,720 0 0 Sundry debtors .. .. .. .. 23 2 0 Liability to Consolidated Fund in terms of sec- Realization Suspense Account .. .. 10,068 16 1 tion 22, Finance Act, 1926 .. .. 1,530 0 0 ; Profit and Loss Account .. .. .. 13,753 10 6 Interest on loans — £ s. d. Cash in hand and in bank at 31st March, 1931 .. 108 4 5 Overdue .. .. .. 2,270 8 0 Accrued .. .. .. 244 3 5 2,514 11 5 Reserve for bad debts .. .. .. 10,068 16 1 Sinking Fund .. .. .. .. 609 14 0 £88,443 1 6 £88,443 1 6 • This amount includes the sum of £588 11s. Id. capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1931. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 115 0 0 By Interest Account —Gross profits .. .. 159 11 8 Loss on realization of securities .. .. 10,068 16 1 Balance —Loss for the year .. .. 10,024 4 5 £10,183 16 1 £10,183 16 1 £ s. d. £ s. d. To Balance as at Ist April, 1930 .. .. 3,729 6 1 By Balance .. .. .. .. 13,753 10 6 Loss for the year .. .. .. '10,024 4 5 £13,753 10 6 £13,753 10 6 Interest Account fob, the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 2,948 16 0 By Interest on mortgages .. 3,539 5 3 Less accrued at 31st March, 1930 244 3 5 Interest on mortgages — 2,704 12 7 Overdue at 31st March, 1931.. 1,103 9 5 Interest on loans accrued but not due .. 244 3 5 Accrued at 31st March, 1931.. 397 4 0 Balance —Gross profits transferred to Profit and Loss Account .. .. .. 159 11 8 5,039 18 8 Less overdue and accrued at 31st March, 1930 .. 3,818 11 6 1,221 7 2 Interest on bank balances .. .. .. 2 0 6 Interest on temporary advances to Settlers Branch.. .. .. .. .. 1,885 0 0 £3,108 7 8 J £3,108 7 8 Management Expenses Account for the Year ended 31st March, 1931. Dr. £ s. d. I Cr. £ s. d. To Administration expenses .. .. .. 110 0 0 By Balance transferred to Profit and Loss Account.. 115 0 0 Audit Office services .. .. .. 5 0 0 £115 0 0 £115 0 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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