B.—l [PT. IV],

STATE ADVANCES OEFlCE—continued. LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st Maech, 1935 —NIL. The investments under this account have been repaid and the relative loan liability redeemed. The Sinking Eund and Sinking Fund investment have been transferred to Part I of the Act (Housing Account). Profit and Loss Account fob the Year ended 31st March, 1935. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. 10 0 0 By Balance : Loss for the year .. .. .. 31 8 0 Balance: Interest Account .. .. 21 8 0 £31 8 0 £31 8 0 £ s. d. £ s. d. To Loss for the year .. .. . . 31 8 0 By Balance as at 31st March, 1934 .. .. 70 19 11 Balance—Profits transferred to Part lof the Act Income-tax refunded .. .. .. .. 3190 (Housing Account) .. .. .. .. 43 10 11 £74 18 11 £74 18 11 Interest Account for the Year ended 31st March, 1935. Dr. £ s. d. £ s. d. Gr. £ s. d. £ s. d. To Interest on loans .. .. .. 116 511 By Interest on mortgages .. .. 427 17 11 Less accrued at 31st March, 1934 .. 33 11 8 Less interest on mortgages overdue 82 14 3 at 31st March, 1934 .. .. 370 10 0 — 57 7 11 Interest on temporary advances to Settlers Branch .. 3 18 4 Balance—Transferred to Profit and Loss Account .. 21 8 0 £82 14 3 £82 14 3 Management Expenses Account for the Year ended 31st March, 1935. Dr. £ s. d. Gr. £ s. d. To Administration expenses .. .. 10 0 0 By Balance transferred to Profit and Loss Account . . 10 0 0 £10 0 0 £10 0 0 G. E. Miller, 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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