8.—13.

ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1935. Liabilities. Principal received as at 31st March, 1934, with Assets. accumulated interest from— £ s. d. Investment Account— £ s. d. £ s. d. Settlers Branch .. .. .. .. 2,478,471 9 2 Advances not dueWorkers Branch 298,146 3 0 Settlers .. .. 743,948 9 5 Local Authorities Branch .. .. 431,983 18 9 Workers .. .. 39,702 9 7 Local bodies .. .. 271,246 10 5 3,208,601 10 11 1,054,897 9 5 Interest earned for the year Instalments of principal overended 31st March, 1935— £ s. d. dueSettlers Branch .. .. 83,514 7 2 Settlers .. .. 17,737 13 5 Workers Branch .. .. 3,773 8 10 Workers .. .. 1,915 18 11 Local Authorities Branch .. 8,052 4 7 Local bodies .. .. 895 11 0 95,340 0 7 20,549 3 4 3,303,941 11 6 Principal owing by mortgagors and local Less redemption of loans— bodies .. .. .. .. 1,075,446 12 9 Settlers Branch .. 485,365 1 11 Temporary advances to Settlers Branch .. 1,260,000 0 0 Workers Branch .. 208,091 711 Sundry debtors .. .. .. .. 425 0 4 Local Authorities Branch 239,812 13 8 Half-yearly instalments post933,269 3 6 poned— £ s. d. Interest .. .. 1,239 17 5 Total funds as at 31st March, 1935 .. .. 2,370,672 8 0 Principal .. .. 756 15 11 1,y90 Jlo 4 Weeklv rental and instalment collections held Interest overdue on loans to— pending allocation 3,194 2 1 Settlers 19,976 1110 Advances Suspense 50 0 0 Workers .. .. 1.228 17 11 Fire Loss Suspense 100 0 0 Local bodies .. .. 1,707 8 4 „„.„,_. — 2z,ylil 18 1 Interest accrued on loans to— Settlers.. .. .. 8,655 9 2 Workers .. .. 468 12 1 Local bodies .. .. 2,215 15 0 11,339 16 3 Cash in hand and in bank at 31st March, 1935 \. 1,895 9 4 £2,374,016 10 1 £2,374,016 10 1 Interest Account for the Year ended 31st March, 1935. Or. £ s. d. £ s. d. j) r £ s. d. By Interest on loans to— To Interest on investments, transferred to Sinking Settlers .. .. .. 38,243 11 1 Fund Account 95,340 0 7 Workers ,I'StZ ,f 2 Local bodies .. .. 15,087 15 2 55,278 11 3 Less overdue and accrued at 31st March, 1934 .. 37,496 0 7 17,782 10 8 Interest on bank balances .. .. 6 17 Interest on temporary advances to Settlers Branch .. .. .. .. 43,296 13 4 Interest on outstanding payments .. .. 2 0 8 ! Interest overdue at 31st March, 1935, on loans to— £ s. d. Settlers .. .. .. 19,976 11 10 Workers .. .. .. 1,228 17 11 Local bodies .. .. 1,707 8 4' 22,912 18 1 Interest accrued at 31st March, 1935, on loans to— Settlers .. .. .. 8,655 9 2 Workers .. .. .. 468 12 1 Local bodies .. .. 2,215 15 0 —- 11,339 16 3 £95,340 0 7 £95,340 0 7 G. E. Miller, Superintendent. State Advances Office, Wellington, 17th June, 1935. 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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