8.—13,

COLD-STORAGE ADVANCES ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1935. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Sundry loans .. .. .. 36,500 0 0 Investment Account: Advances not due .. 12,517 18 7 Less loan liability redeemed and Sinking Fund Investments held by Public Debt Redischarged from Consolidated demption Fund ... .. .. .. * 1,346 8 5 Fund .. .. .. 7,500 0 0 Interest on mortgages— £ s. d. — Overdue .. .. .. 1,203 11 4 29,000 0 0 Accrued .. .. .. 195 9 5 Less loan liability redeemed by 1,399 0 9 Public Debt Repayment Ac- Sundry debtors .. .. .. .. 33 5 0 count .. .. .. 1,530 0 0 Realization Suspense Account .. .. .. 57 10 10 —: 27,470 0 0 Profit and Loss Account . .. .. .. 13,986 4 8 Capital Reduction Account .. .. .. 7,500 0 0 Cash in hand and in bank at 31st March, 1935 .. 8,234 7 7 Liability to Consolidated Fund in terms of section 22, Finance Act, 1926 .. .. .. 1,530 0 0 Interest on loans accrued .. .. .. 197 11 3 Reserve for bad debts .. .. .. .. 119 7 3 Sinking Fund .. .. .. .. 757 17 4 £37,574 15 10 £37,574 15 10 * This amount includes the sum of £588 11s. Id., 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. I Or. £ s. d. To Management Expenses Account .. .. 115 0 0 By Balance: Loss for the year .. .. ~ 368 8 7 Balance: Interest account .. .. .. 253 8 7 £368 8 7 £368 8 7 £ s. d. £ s. d. To Balance as at 31st March, 1934 .. .. 13,622 10 9 By Income-tax refunded .. .. .. 414 8 Loss for the year .. .. .. .. 368 8 7 Balance .. .. .. .. .. 13,986 4 8 :-'■■.■:■■ £13,990 19 4 £13,990 19 4 Interest Account for the Year ended 31st March, 1935. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest on loans .. .. .. 961 9 0 By Interest on mortgages .. .. 776 17 6 Less accrued at 31st March, 1934 .. 197 11 3 Interest on mortgages— 763 17 9 Overdue at 31st March, 1935 .. 1,203 11 4 Interest on loans accrued but not due .. 197 11 3 Accrued at 31st March, 1935 .. 195 9 5 2,175 18 3 Less overdue and accrued at 31st March, 1934 .. .. 1,508 12 10 667 5 5 Interest on temporary advances to Settlers Branch 40 15 0 Balance transferred to Profit and Loss Account .. 253 8 7 £961 9 0 £961 9 0 Management Expenses Account for the Yeae ended 31st March, 1935. Dr. £ s. d. Or. £ s. d. To Administration expenses .. .. .. 110 0 0 By Balance transferred to Profit and Loss Account .. 115 0 0 Audit Office services .. .. .. .. 5 0 0 £115 0 0 £115 0 0 G. E. Miller, Superintendent. State Advances Office, Wellington, 17th June, 1935. E. 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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