GOVERNMENT ADVANCES TO SETTLERS OFFICE (ACCOUNTS OF THE).

Appendix to the Journals of the House of Representatives, 1896 Session I, B-13

8.—13.

1896.

NEW ZEALAND.

GOVERNMENT ADVANCES TO SETTLERS OFFICE (ACCOUNTS OF THE).

(Laid before the General Assembly in pursuance of Section 50 of " The Government Advances to Settlers Act, 1894.")

Balance-sheet of the Government Advances to Settlers Office for the Year ended the 31st March, 1896.

THE GOVERNMENT ADVANCES TO SETTLERS OFFICE MANAGEMENT ACCOUNT. Receipts and Expenditure for the Year ended the 31st March, 1896.

Balances at 1st April, 1895. 'ransactions for the Year em 31st March, 1896. Balances at 31st March, 1896. Name of Account. Cr. Dr. Cr. Dr. Cr. Dr. Management Account Conaolidated Fund Account Investment Account.. Suspense Account .. Cash Account £ a. d. £ a. d. 528 19 4] 1,416 9 10J 4,950 0 0 '.'. 6,895"9 2 £ s. d. 61,375 13 3 1,421,534 17 5 425 12 6 815,764 1 11 £ a. d. £ a. d. 57,920 17 4 5,400 5 1 774,584 8 10 651,900 8 7 149 12 6 276 0 0 1,466,445 6 5 1 £ s. d. 657,576 13 8 6,895 9 2 6,895 9 2 2,299,100 5 1 |2,299,100 5 1 |657,576 13 8 657,576 13

Receipts. £ s. d. Balance, 31st March, 1895 .. .. 528 19 4 Valuation-fees.. .. .. .. 2,007 14 9 Charges received for mortgage docket-forms 85 5 0 Release-fees .. .. .. .. 2 5 0 Sundries .. .. .. .. 0 10 Interest received from mortgagors .. 5,566 10 3 Interest received from Bank of New Zealand, Wellington .. .. .. 3,127 19 2 Interest received from Bank of New Zealand, London .. .. ..2,902 19 10 Interest on debentures (temporary investment) .. .. .. .. 552 6 6 Interest received from Public Trust Office Debenture Sinking Fund .. .. 20 17 3 Amount paid by Treasury as profit derived from deposit of money in London .. 2,000 0 0 Advances from the Treasury .. .. 31,269 16 0 Expenditure. £ g. d. Valuers'fees .. .. .. .. 3,209 1 11 Valuation-fees refunded.. .. .. 249 7 11 Printing and stationery .. .. .. 351 2 10 Travelling-expenses .. .. .. 375 1 11 Advertising .. .. .. .. 190 7 7 Law-costs .. .. .. .. 14 14 0 Furnishing .. .. .. .. 100 15 0 Salaries .. .. .. .. 3,738 0 10 Rent, fire, and light .. .. .. 328 11 2 Contribution to Public Trust Office .. 200 0 0 Audit Department .. .. .. 25 0 0 Sundries .. .. .. .. 177 1 2 Unauthorised expenditure .. .. 5 16 6 Interest on advances from Treasury .. 429 12 2 Interest on Loan £1,500,000 to 1st October, 1895 .. .. .. .. 22,500 0 0 Refunds to Treasury of advances .. 10,769 16 0 Balance, 31st March, 1896 .. .. 5,400 5 1 £48,064 14 1 £48,064 14 1

8.—13

2

THE GOVERNMENT ADVANCES TO SETLERS OFFICE INVESTMENT ACCOUNT. Receipts and Expenditure for the Year ended 31st March, 1896.

THE GOVERNMENT ADVANCES TO SETTLERS OFFICE. Statement of Advances from, and Repayments to, the Consolidated Fund for the Period ended 31st March, 1896.

THE GOVERNMENT ADVANCES TO SETTLERS OFFICE. Statement showing the Profit and Loss Account for the Period ended 31st March, 1896.

THE GOVERNMENT ADVANCES TO SETTLERS OFFICE. Statement showing the Amount of Loan and Cost of raising the Same.

Receipts. £ a. d. Balance at 31st March, 1895 .. .. 4,950 0 0 Advance from Treasury .. .. 10,000 0 0 Set proceeds of loan .. .. 1,394,116 13 1 Instalments received in part repayment of advances on mortgage .. .. 3,37071 Expenditure. £ s. d. Refund to Treasury of advances .. 15,000 0 0 Advances on mortgage .. .. 429,122 0 0 Amount of instalments paid over to Public Trustee .. .. .. 3,369 12 7 Temporary investments (Government securities) .. .. .. 313,044 19 0 Balance .. .. .. .. 651,900 8 7 £1,412,437 0 2 £1,412,437 0 2

Dr. Cr. 1895. rune 3. To Refund of advance.. 8. )ec. 7. 20. 1896. an. 31. „ /larch 31. , 31. „ 31. Balance £ s. d. .. 10,000 0 0 .. 5,000 0 0 .. 3,500 0 0 .. 2,000 0 0 .. 1,269 16 0 .. 2,000 0 0 .. 2,000 0 0 .. 20,500 0 0 1895. £ s. d. By Advances prior to 1st April, 1895 5,975 11 9 April 1. Advance .. .. .. 294 4 3 „ 27. „ .. .. .. 10,000 0 0 June 29. „ .. .. .. 1,000 0 0 Aug. 26. „ .. .. .. 1,000 0 0 Sept. 25. „ .. .. .. 3,500 0 0 Nov. 26. , .. .. .. 22,500 0 0 Dec. 17. „ .. .. .. 2,000 0 0 £46,269 16 0 £46,269 16 0

Dr. 'o Balance due the Consolidated Fund £ a. d. .. 20,500 0 0 Cr. £ s. d. By Management Account, for balance .. 5,400 5 1 Balance carried down .. .. 15,099 14 11 on snn n n 20.500 0 0 Balance brought down Accrued interest on debenture loan Accrued interest on instalments zu,ouu u u .. 15,099 14 11 .. 22,376 14 3 0 15 2 20,500 0 0 20,500 0 0 Accrued interest on mortgages .. 4,734 17 4 „ on temporary investments 653 14 0 Overdue interest on mortgages .. 439 12 6 Approximate interest on London Bank balances .. .. .. .. 490 0 0 Balance .. .. .. .. 31,159 0 6 20,500 0 0 £37,477 4 4 £37,477 4 4

Receipts. .mount of 3-per-cent. loan £ a. d. j Disbursements. ..1,500,000 0 0 Expenses of floating loan : Discount Commission and brokerage.. Advertising Stamp duty Sundries Balance, being net proceeds .. £ s. d. 83,947 6 8 11,232 0 0 767 8 2 9,375 0 0 561 12 1 .. 1,394,116 13 1 £1,500,000 0 0 , £1,500,000 0 a £1,500,000 0 0

3

8.—13

Statement of the Funds of the Government Advances to Settlers Office at 31st March, 1896.

Securities held by the Government Advances to Settlers Office on 31st March, 1896.

THE GOVERNMENT ADVANCES TO SETTLERS OFFICE. Statement of Aeeeaes at 31st March, 1896 Number of mortgagors in arrear ... ... ... ... 70 Amount of arrears of interest ... ... ... ... £439 12s. 6d. Amount of arrears of principal ... ... ... ... £92 Is.

J. K. Waebueton, Superintendent. M. C. Baenett, Examined and found correct. Accountant. ' James C. Gavin, Assistant-Controller and Auditor. Approximate Cost of Vaper.— Preparation, not given ; printing (1,450 copies), £'6 13s. 6d.

By Authority : James Burns, Government Printer for the time being, VNellingcon.—lB96. Price 3d.]

Receipts. £ a. d. Jet proceeda of 3-per-cent. loan .. 1,394,116 13 1 Lmount due the Treaaury for balance of advancea from the Consolidated Fund 20,500 0 0 luspense Account, for sundry amounts received .. .. .. .. 276 0 0 f aluation-fees and other receipts to 31st March, 1895 .. .. .. 2,075 18 4 faluation-fees and other receipts to 31st March, 1896 .. .. .. 16,265 18 9 Disbursements. £ s. d. Investments at 31st March, 1896, viz.,— Temporary .. .. .. 313,044 19 0 Mortgages .. .. .. 425,801 12 11 Cost of management to 31st March, 1895 1,546 19 0 to 31st March, 1896 9,394 13 0 Interest on loan for half-year to 1st October, 1895 .. .. . 22,500 0 0 Public Trust Office, being amounts paid on account of instalments of principal received from mortgagors .. .. 3,369 12 7 Cash in hand and in bank at 31at March, 1896 .. .. .. 657,576 13 8 £1,433,234 10 2 £1,433,234 10 2

Par Value. Cost Price. •ebentures under " The Lands Improvement and Native Lands Acopiisition Act, 1894," 3J per cent, •ebentures under " The Government Loans to Local Bodies Act, 1886," 3J per cent. >ebentures under " The Consolidated Stock Act, 1884," 3J per cent, •ebentures under " The Land for Settlements Act, 1894," 3J per cent. few Zealand stock, 3 per cent, rew Zealand stock, 3J per cent, lank of New Zealand guaranteed stock, 4 per cent. £ s. d. 65,000 0 0 30,000 0 0 59,200 0 0 15,000 0 0 30,000 0 0 109,308 0 0 4,600 0 0 £ s. d. 65,000 0 0 30,000 0 0 59,200 0 0 15,000 0 0 29,700 2 0 109,308 0 0 4,836 17 0 lortgages .. .. .. .. .. .. ' .. £429,172 0 0 Less repayments on account of principal .. .. .. 3,370 7 1 313,108 0 0 313,044 19 0 425,801 12 11 425,801 12 11 738,909 12 11 738,846 11 11