8.—13 A.

Construction Branch. —Construction Expenses Account as at 31st March, 1938. £ s. d. £ s. d. Interest during construction .. .. .. 4,183 14 3 Transfer to factories and plant— Interest on land purchased >.. .. .. 2,053 17 3 Capital Account (31st March, 1937) .. .. 746 0 0 Advertising .. .. .. .. .. 804 16 9 Balance .. .. .. .. .. 60,607 1 6 Light, heating, and cleaning . . . . . . 383 3 3 Depreciation (furniture and motor-cars) .. 236 11 11 Plans and schedules .. . . . . . . 11,618 18 2 Quantity surveying . « . . . . .. 540 J 6 1 Valuation fees .. . . . . . . 220 3 1 : Postages and telegrams . . . . . . 239 1 6 j Printing and stationery . . . . .. 1, 067 4 8) Office maintenance .. .. . . . . 35 13 1 Motor-vehicle maintenance .. . . . . 124 0 1 Rent .. .. .. .. .. 1,252 2 8 Salaries .. .. .. .. .. 30,572 I 7 Telephones . . .. .. . . . . 256 3 6 Travelling-expenses .. .. . . . . 2,020 18 1 Administration costs payable to State Advances Corporation . . .. .. .. 5,236 4 3 Contingencies .. .. . . . . 507 1 1 4 £61,353 I 6 £61,353 1 6 £ s. d. Balance .. .. .. .. . . 60,607 1 6 Interest Account for the Year ended 31st March, 1938. Dr. £ s. d. Or. Interest .. .. .. .. .. 33,735 1 1 Recouped from Revenue Accounts: — £ s. d. (a) Properties sold under agreements for sale and purchase .. .. .. .. 16 10 (b) Advances to local bodies .. . . 78 2 3 (c) Advances under Part 111, Housitig Act, 1919 16 16 6 £ s. d. (d) Rented properties (old) .. 17,302 1 1 (e) Rented properties (new) .. 1,054 611 18,356 8 0 (/) Factories and plant .. .. 584 15 0 Interest during construction — Preliminarv expenses . . 184 0 0 Land .. .. .. 2,247 16 5 Dwelling construction .. 3,978 0 0 • 6,409 16 5 Profit and Loss .. .. .. .. 3,206 6 1 £33,735 1 1 £33,735 1 1 Profit and Loss Account for Year ended 31st March, 1938. Dr. £ s. d. Or. £ s. d. Interest Account .. .. .. .. 3,206 6 1 Revenue Account: Rented properties .. .. 1,816 19 3 Revenue : Properties sold under agreement for sale and purchase .. .. .. .. 1,304 1 5 Revenue Account — Local authorities .. .. .. .. 71183 Part 111 .. .. .. .. .. 13 7 2 £3,206 6 1 £3,206 6 1 £ s. d. £ s. d. Balance as at 31st March, 1937 .. .. 73,397 5 0 Balance as at 31st March, 1938 .. .. 73,397 .5 0 £73,397 5 0 £73,397 5 0 Balance .. .. .. •• •• £73,397 S 0

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