B.—l [PT. IV], SUP. to 1937.

STATE ADVANCES OFFICE. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1937. Liabilities. Assets. £ s. d. £ s. d. State Advances Corporation stock issued in acSundry loans .. .. .. 18,485,301 5 (i cordance with section 38 (1) of the State £ s. d. Suspense Account .. .. .. 2 8 9 Advances Corporation Act, 1934-35 .. 16,822,695 0 0 Sundry creditors .. .. .. 3,501 2 6 Contingent liability of State Advances CorInterest on loans-— poration under section 38 (2) of the State Deferred .. .. 436,250 0 2 Advances Corporation Act, 1934-35 .. 2,018,659 511 Overdue .. .. 53,107 10 7 Properties acquired .. .. .. 2,455 19 6 Accrued .. .. 175,844 11 10 Interest on State Advances Corporation stock 665,202 2 7 accrued but not due at 31st March, 1937 .. 90,220 6 10 Temporary loan — Sundry debtors .. .. .. .. 11l 1 3 Workers Branch .. .. .. 67,631 12 10 Profits of State Advances Corporation for the Rural Advances Branch .. .. 42,909 0 3 year ended 31st March, 1937, payable in Reserve for bad debts .. .. 196,232 18 3 accordance with section 42 of the State Reserve Fund .. .. .. 25,000 0 0 Advances Corporation Act, 1934-35 .. 66,820 19 5 Sinking Fund .. .. .. 2,088,114 13 5 Realization Suspense Account .. .. 29,239 9 3 Loan Charges Account .. .. .. 213,353 3 6 Temporary loan to Local Authorities Branch 506 4 5 Profit and Loss Account .. .. .. 241,237 12 0 Cash in hand and in bank at 31st March, 1937 481 8 7 Sinking Fund investments held by Advances Office Sinking Fund .. .. .. 2,088,114 13 5 £21,573,895 4 1 £21,573,895 4 1 Profit and Loss Account for the Year ended 31st March, 1937. Dr. £ s. d. Cr. £ s. d Interest Account: Gross loss for year .. .. 182,790 13 4 Receipts on account properties acquired .. 63 6 7 Management Expenses Account .. .. 689 11 8 Profits from State Advances-Corporation under Furniture Account .. .. .. .. 0 15 5 section 42 of the State Advances Corporation Loan flotation charges written down .. .. 25,932 17 4 Act, 1934-35 .. .. .. .. 66,820 19 5 Balance : Loss for the year .. .. 142,529 11 9 £209,413 17 9 £209,413 17 9 £ s. d. -— Loss for the year .. .. .. .. 142,529 11 9 £ s. d. Balance from previous year .. .. .. 110,580 17 4 Exchange Reserve .. .. .. .. 11,872 17 1 Balance .. .. .. .. .. 241,237 12 0 £253,110 9 1 £253,110 9 1

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