B.—l [Pt. IV].

STATE ADVANCES OFFlCE—continued. FISHING-INDUSTRY PROMOTION ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1932. Liabilities. £ s. d. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 5,571192 Investment Account—Principal owing on bills of sale 532 15 9 Less loan liability redeemed and Temporary advances to Settlers Branch .. .. 3,750 0 0 discharged from Consolidated Fund 1,036 19 2 Sinking Fund investments held by Public Debt Redemption Fund .. .. .. .. *54 2 8 4,535 0 0 Interest on bills of sale — £ s. d. Less loan liability redeemed by Overdue .. .. .. 10 11 8 Public Debt Repayment Account 1,060 0 0 Accrued .. .. .. 917 6 — 3,475 0 0 20 9 2 Liability to Consolidated Fund in terms of section Sundry Debtors .. .. .. .. 16 14 6 22, Finance Act, 1926 .. .. .. 1,060 0 0 Profit and Loss Account .. .. .. 273 17 5 Income-tax Suspense Account .. .. .. 10 10 7 Cash in hand and in bank at 31st March, 1932 .. 49 10 11 Interest on loans— £ s. d. Overdue .. .. .. 88 0 8 Accrued .. .. .. 50 19 11 139 0 7 Sinking Fund .. .. .. .. .. 12 19 3 £4,697 10 5 £4,697 10 5 * This amount include? the sum of £41 3s. sd. capita! paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1932. Dr. £ s. d. Cr. £ s. d. To Management Expenses Account . . . . 15 0 0 By Interest Account —Gross profits .. .. 51 1 4 Income-tax .. .. .. .. 10 10 7 Balance —Net profits for the year .. .. 25 10 9 £51 14 £51 1 4 £ s. d. £ s. d. To Balance at 31st March, 1931 .. .. .. 299 8 2 By Net profits for the year .. .. .. 25 10 9 Balance .. .. .. .. .. 273 17 5 £299 8 2 £299 8 2 Interest Account for the Year ended 31st March, 1932. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest on loans .. '.. .155 2 6 By Interest on bills of sale .. 29 1 5 Less accrued at 31st March, 1931 50 19 11 Less overdue and accrued at 31st 104 2 7 March, 1931 .. .. 24 7 3 Interest on loans accrued but not due .. .. 50 19 11 414 2 Balance —Gross profits transferred to Profit and Interest on bank balances .. .. .. 10 6 Loss Account .. .. .. .. 51 1 4 Interest on temporary advances to Settlers Branch 180 0 0 Interest on bills of sale— £ s. d. Overdue at 31st March, 1932.. 10 11 8 Accrued at 31st March, 1932 .. 9 17 6 20 9 2 £206 3 10 £206 3 10 Management Expenses Account for the Year ended 31st March, ,1932. Dr. £ s. d. Cr. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account .. 15 0 0 Audit Office services .. .. .. ..500 £15 0 0 £15 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. — J. H. Fowler, Deputy Controller and Auditor-General.

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