B. —13.

10

LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. £ s. d. Assets. Sundry loans .. .. .. •• 2,778,690 15 7 Investment Account — £ s. d. £ s. d. Loan-moneys —Unexpended balance under sec- Principal owing by local tion 72, Local Bodies' Loans Act, 1913 .. 3,987 12 10 bodies .. .. 2,517,655 19 11 Hawke's Bay Rehabilitation —Loan-moneys re- Hawke's Bay Rehabilitaceived from Treasury .. .. .. 123,900 0 0 tion .. .. 123,900 0 0 Income-tax Suspense Account .. .. 1,046 15 2 — 2,641,555 19 11 Interest on loans— Temporary advances to Settlers Branch .. 121,000 0 0 Overdue .. .. .. .. 4,225 0 0 Sinking Fund investments held .by Advances Accrued but not due .. .. .. 36,343 111 Office Sinking Fund Account .. .. 175,740 0 4 Sinking Fund .. .. .. .. 175,740 0 4 Interest on debentures — £ s. d. Overdue .. .. 8,364 12 5 Accrued .. .. 22,303 19 10 30,668 12 3 Sundry debtors .. .. .. .. 0710 Loan Charges Account .. .. .. 27,425 12 6 Profit and Loss Account .. .. .. 127,105 9 5 Cash in hand and in bank at 31st March, 1932 437 3 7 £3,123,933 5 10 £3,123,933 5 10 Profit and Loss Account fob the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account .. .. 1,518 1 3 By Interest Account —Gross profits .. .. 5,797 7 2 Loan-flotation charges written down .. 1,092 16 11 Income-tax .. • • • • • ■ 1,187 0 4 Balance —Net profits for the year . . . . 1, 999 8 8 £5,797 7 2 £5,797 7 2 £ s. d. £ s. d. To Balance as at 31st March, 1931 .. .. 129,104 18 1 By Net profits for the year .. .. .. 1,999 8 8 Balance .. .. .. .. 127,105 9 5 £129,104 18 1 £129,104 18 1 Interest Account for the Year ended 31st March, 1932. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. .. 95,096 11 3 By Interest on debentures .. 105,368 4 5 Less accrued at 31st March, Less overdue and accrued at ]93] .. .. 32,340 1 11 31st March, 1931 .. 29,870 6 4 62,756 9 4 75,497 18 I Interest on loans — Interest on bank balances .. .. .. 38 14 9 Overdue.. .. .. 4,225 0 0 Interest on temporary advances Accrued but not due .. .. 36,343 111 to Settlers Branch .. .. .. 2,916 13 4 Balance—Gross profits transferred to Profit Interest on debentures— £ s. d. and Loss Account .. .. 5,797 7 2 Overdue at 31st March, 1932 8,364 12 5 Accrued but not due at 31st March, 1932.. .. 22,303 19 10 30,668 12 3 £109,12118 5 £109,12118 5 Management Expenses Account for the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. •• 50 0 0 By Balance transferred to Profit, and Loss Account 1,518 1 3 Cleaning, lighting, heating, and messenger services 30 0 0 Management charges —NeAv Zealand stock and bonds .. .. . • ■• .. 299 1 3 Postages and telegrams . . .. • • 70 0 0 Post Offices services .. .. • ■ ■ • 50 0 0 Printing and stationery .. . . • • 100 0 0 Public Service Superannuation Fund contribution 50 0 0 Rent .. 100 0 0 Salaries .. .. . ■ • ■ .. 769 0 0 £1,518 1 3 £1,518 1 3 E. O. Hales, Superintendent. State Advances Office, Wellington, 23rd June, 1932. 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. •«— J. H. Fowler, Deputy Controller and Auditor-General.