8.—13;
FRUIT-PRESERVING INDUSTRY ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1935. Liabilities. Assets. £ s. d. £ s. d. £ s. d. £ s. d. Investment Account — Sundry loans .. .. 43,858 14 3 Advances not due .. .. 23,555 6 3 Less loan liability redeemed Instalments of principal and discharged from Con- overdue .. .. 4,134 4 9 solidated Fund .. .. 6,008 14 3 Principal owing by mortgagors .. .. .. 27,689 11 0 37,850 0 0 Properties acquired .. .. .. .. 4,212 8 6 Less loan liability redeemed by Sundry debtors .. .. .. .. 6 6 0 Public Debt Repayment Ac- Half-yearly instalments postponed— £ s. d. count .. .. .. 5,000 0 0 Interest .. .. .. 299 15 0 32,850 0 0 Principal .. .. .. 500 0 0 Liability to Consolidated Fund in terms of sec- 799 15 0 tion 22, Finance Act, 1926 .. .. .. 5,000 0 0 Sinking Fund investments held by Public Debt Suspense Account .. .. .. .. 39 19 10 Redemption Fund .. .. *888 8 1 Income-tax Suspense Account .. .. .. 38 11 8 Interest on mortgages — £ s. d. Interest on loans accrued .. .. .. 428 8 1 Overdue .. .. .. 2,708 9 2 Reserve for bad debts .. .. .. 3,839 11 8 Accrued .. .. .. 241 18 9 Sinking Fund .. .. .. .. 275 11 3 2,950 7 11 Profit and Loss Account .. .. .. 3,678 17 10 Cash in hand and in bank at 31st March, 1935 .. 2,246 8 2 £42,472 2 6 £42,472 2 6 • This amount includes the sum of £612 16s. 10d., capital paid into the Sinking Fund in accordance with the Public Debt Extinction Act, 1910. Profit and Loss Account for the Year ended 31st March, 1935. Dr. £ s. d. Or. £ s . d. To Management Expenses Account .. ..123 12 0 By Interest Account: Gross profits .'. .. 259 11 9 Income-tax .. .. .. .. 38 11 8 Balance : Net profits for the year .. .. 97 8 1 £259 11 9 , £259 11 9 £ s. d. £ a. d. To Balance as at 31st March, 1934 .. .. 3,809 6 8 By Net profits for the year .. .. .. 97 8 1 Income-tax refunded .. .. .. 33 0 9 Balance .. .. .. .. .. 3,678 17 10 £3,809 6 8 £3,809 6 8 Interest Account for the Year ended 31st March, 1935. Dr. £ s. d. £ s. d. Or. £ s.-d. £ s. d. To Interest on loans .. .. 1,149 15 0 By Interest on mortgages .. .. 1,405 011 Less accrued at 31st March, 1934 428 8 1 Interest on mortgages— 721 6 11 Overdue at 31st March, 1935 .. 2,708 9 2 Interest on loans accrued but not due .. .. 428 8 1 Accrued at 31st March, 1935 . . 241 18 9 Balance : Gross profits transferred to Profit and Loss Account .. .. .. .. 259 11 9 4,355 8 10 Less interest overdue and accrued at 31st March, 1934.. 2,958 10 5 1,396 18 5 Interest on temporary advances to Settlers Branch 12 8 4 £1,409 6 9 £1,409 6 9 Management Expenses Account for the Year ended 31st March, 1935. Dr. £ s. d. ■ Or. £ B . d. To Administration expenses .. ... .. 118 12 0; By Balance transferred to Profit and Loss Account .. 123 12 0 Audit Office services .. .. .. .. 500 £123 12 0 £123 12 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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