8.—13.

LOANS TO EMPLOYERS FOR WORKERS' DWELLINGS ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1935 —NIL. The investments under this account have been repaid and the relative loan liability redeemed. The Sinking Fund and Sinking Fund investment have been transferred to Part I of the Act (Housing Account). Promt and Loss Account for the Year ended 31st March, 1935. Dr. £ s. d. Or. £ 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 I of the Act Income-tax refunded .. .. .. 3 19 0 (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. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 116 5 11 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 g»7 7 U 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 Yeab ended 31st March, 1935. Dr. £ s. d. Or. £ 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. 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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