B.—l [Pt. IV].

STATE ADVANCES OFFlCE— continued. FISHING-INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1931. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 5,571 19 2 Investment Account —Principal owing on bills of sale 679 4 2 Less loan liability redeemed and Temporary advances to Settlers Branch .. .. 3,600 0 0 discharged from Consolidated Fund 1,036 19 2 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. .. *52 9 10 4,535 0 0 Interest on bills of sale — £ s. d. Less loan liability redeemed by Overdue .. .. .. 12199 Public Debt Repayment Account 1,060 0 0 Accrued .. .. .. 11 7 6 3,475 o 0 24 7 3 Liability to Consolidated Fund in terms of section Sundry debtors .. .. .. .. 10 1 0 22, Finance Act, 1926 .. .. .. 1,060 0 0 I Profit and Loss Account .. .. .. 299 8 2 Income-tax Suspense Account .. .. . . 8 3 3 j Cash in hand and in bank at 31st March, 1931 .. 26 1 0 Interest on loans— £ s. d. Overdue .. .. .. 86 1 10 Accrued .. .. .. 50 19 11 — 137 1 9 Sinking Fund .. .. .. .. 11 6 5 £4,691 11 5 . £4,691 11 5 * This amount includes the sum of £41 3s. sd. 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. Or. £ s. d. To Management Expenses Account .. .. 17 2 0 By Interest Account —Gross profits .. .. 50 6 8 Income-tax .. .. .. .. 8 3 3 Balance—Net profits for the year .. .. 25 1 5 £50 6 8 £50 6 8 £ s. d. £ s. d. To Balance at Ist April, 1930 .. .. 324 9 7 By Net profits for the year .. .. .. 25 1 5 Balance .. .. .. .. 299 8 2 £324 9 7 £324 9 7 Interest Account for the Year ended 31st March, 1931. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 155 2 6 By Interest on bills of sale .. .. 42 5 1 Less accrued at 31st March, 1930 .. 50 19 11 Less overdue and accrued at 31st 104 2 7 March, 1930 .. .. 33 2 5 Interest on loans accrued but not due .. 50 19 11 9 2 8 Balance—Gross profits transferred to Profit and Interest on bank balances .. .. .. 016 9 Loss Account .. .. .. 50 6 8 Interest on temporary advances to Settlers Branch 171 2 6 Interest on bills of sale — £ s. d. Overdue at 31st March, 1931 .. 12 19 9 Accrued at 3lst March, 1931 .. 11 7 6 -— 24 7 3 £205 9 2 ' £205 9 2 Management Expenses Account for the Year ended 31st March, 1931. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 17 2 0 Audit Office services .. .. .. ..500 Survey fees .. .. .. .. ..220 £17 2 0 £17 2 0 E. 0. Hales, Superintendent. R. Robertson, Accountant. I hereby certify that the balance-sheet and accompanying accounls 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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