B.—l [PT. IV], SUP. TO 1937.

RESERVE FUND ACCOUNT. Income and Expenditure Account fob the Year ended 31st March, 1937. Expenditure. £ s. d. Income. £ s. d. Transfer to Interest Postponed Account (Adj.) .. 22 0 0 Interest on investments .. .. .. 16,101 19 5 Excess of income over expenditure .. .. 16,300 5 1 Interest on loans (section 38 (a), Hawke's Bay Earthquake Act, 1931) .. .. .. .. 220 5 8 £16,322 5 1 £16,322 5 1 Balance-sheet as at 3Lst March, 1937. Liabilities. £ s. d. Assets. Capital, Ist April, 1936 .. .. .. 1,251,891 1 9 Investment Account— £ s. d. Less — Nominal Value. Administration expenses £ s. d. (section 39, Hawke's 317,816 1 6 British Conversion Loan, 1944-64 324,136 18 3 Bay Earthquake Act, £ s. d. 31,551 9 0 Imperial War Loan .. .. 33,760 2 7 1931) .. .. 22 15 7 —— Grants under section 38 (a), 349,367 10 6 357,897 0 10 Hawke's Bay Earthquake Interest accrued on investments .. .. 6,471 6 6 Act, 1931 .. .. 104,216 18 11 Loans under Hawke's Bay Earth- —— — 104,239 14 6 quake Act, 1931— Section 38 (a) (private indi- £ s. d. 1,147,651 7 3 viduals) .. .. 637,963 0 1 Suspense .. .. .. •• 063 Section 38 (b) (local authoriExeess of income over expenditure for year ended ties) .. .. .. 144,698 12 1 31st March, 1937 .. .. 16,300 5 1 782,661 12 2 Interest due and unpaid on loans .. .. 1,597 0 7 Interest postponed .. .. .. 566 14 2 Sundry debtors .. .. .. .. 452 8 7 Treasury Adjustment Account .. .. 7,491 8 2 Writing-off in Suspense Account .. .. 1,187 3 4 Cash in Public Account .. . . .. 5,627 4 3 £1,163,951 18 7 £1,163,951 18 7 A. R. F. Mackay, M.Com.(N.Z.), Ph.D.(Lond.), Assistant Accountant to the Treasury. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. H. Fowler, Controller and Auditor-General.

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