RURAL INTERMEDIATE CREDIT BOARD (ACCOUNTS OF THE) FOR THE YEAR ENDED 30th JUNE, 1929.

Appendix to the Journals of the House of Representatives, 1929 Session I, B-14a

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1929. NEW ZEALAND.

RURAL INTERMEDIATE CREDIT BOARD (ACCOUNTS OF THE) FOR THE YEAR ENDED 30th JUNE, 1929.

Presented to both Houses of the General Assembly in accordance with the Provisions of Sections 38 (2) and 67 (2) of the Rural Intermediate Credit Act, 1927.

STATEMENT OP ACCOUNTS OF THE RUKAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. Assets. Establishment grant from Consolidated Fund .. 10,000 0 0 Investments of Rural Intermediate Credit Re- £ s. d. Advances from Consolidated Fund for preliminary demption Fund—Government securities and expenses of associations .. .. .. 200 0 0 interest accrued .. .. .. .. 67,329 18 7 •Advances from Consolidated Fund under sec- Temporary investments—Government securities 34,000 0 0 tion 16 .. .. .. .. .. 197,100 0 0 Advances to associations for preliminary expenses 365 2 3 Rural Intermediate Credit Redemption Fund — Advances to associations under Part II .. 68,828 15 8 Accumulated interests on investments and Advances to farmers under Part 111 .. . . 92,334 5 5 share of profits .. .. .. 1,911 8 2 Bills discounted .. .. .. .. 3,952 4 8 Rural Intermediate Credit Reserve .. .. 280 10 4 Accrued interest on investments .. .. 2,263 16 4 Bonds and debentures .. .. .. 70,700 0 0 £ s. d. Accrued interest on bonds and debentures .. 1,106 3 4 Furniture and fittings, &c... .. 29 10 1 Sundry creditors .. .. .. .. 2,563 11 11 Less depreciation .. .. 214 0 26 16 1 Office appliances .. .. 74 7 6 Less depreciation .. .. 9 7 0 65 0 6 Expenses re issue of debentures .. .. 103 3 3 Preliminary expenses .. .. .. 6,746 10 5 Stationery and stores .. .. .. 432 7 2 Sundry debtors .. .. .. .. 46 18 7 Cash at bank, at post-office, or in transit .. 7,366 14 10 £283,861 13 9 £283,861 13 9 Profit and Loss Account foe the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 2,179 210 By Interest on temporary investments .. .. 305 8 2 Services of Public Trust Office .. .. 1,569 19 5 Interest on advances to associations .. .. 2,139 12 8 Printing, stationery, and requisites .. .. 202 6 I Interest on advances to farmers .. .. 3,337 19 9 Advertising .. .. .. .. 5 10 Discount on bills discounted .. .. 157 10 5 Travelling-expenses of officers .. .. 4 5 0 Travelling-expenses of Board members .. 317 0 10 Board members' fees and honoraria .. .. 797 3 0 General expenses .. .. .. .. 182 11 2 Audit fees .. .. .. .. 11000 Depreciation .. .. .. .. 12 1 0 Balance transferred to Appropriation Account.. 561 0 8 £5,940 11 0 £5,940 11 0 Profit and Loss Appropriation Account for the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Rural Intermediate Credit Redemption Fund .. 280 10 4 By Profit and Loss Account—Balance transferred .. 561 0 8 Rural Intermediate Credit Reserve .. .. 280 10 4 £561 0 8 £561 0 8 J. W. Macdonald, Commissioner. W. Barr, Chief 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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STATEMENT OF ACCOUNTS OF DISTRICT BOARDS. Note.—These accounts are incorporated in the foregoing Balance-sheet and Profit and Loss Account of the Rural Intermediate Credit Board. NORTH AUCKLAND DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. £ s. d. Sundry creditors— £s. d. £ s. d. Advances to associations for preliminary expenses 815 8 Fees not disbursed .. .. 5 511 Advances to associations under Part 11.. .. 5,889 6 0 Expenditure due or accrued due but Advances to farmers under Part 111 .. .. 3,218 610 unpaid ...... 217 3 £ s. d. 8 3 2 Bills discounted .. .. .. 727 4 5 Head Office Account * .. .. .. 9,993 23 Less rebate of interest on bills not due .. .. .. 38 8 11 688 15 6 Accrued interest on investments .. .. 149 6 4 Cash at bank .. .. .. .. 46 15 1 £10,001 5 5 £10,001 5 5 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ S. d. Or. £ s. d. To Interest .. .. .. .. .. 67 19 11 By Interest on advances to associations .. .. 103 2 5 Services of Public Trust Office .. .. 50 0 0 Interest on advances to farmers .. .. 102 7 11 Printing, stationery, and requisites .. .. 10 4 8 Discount on bills discounted .. .. .. 9 4 4 Travelling-expenses of officers .. .. 10 0 Travelling-expenses of Board members .. .. 7 10 9 Board members' fees.. .. .. .. 7 7 0 General expenses .. .. .. .. 1230 Audit fees .. .. .. .. .. 2 17 0 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 55 1 4 £214 14 8 £214 14 8 AUCKLAND DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. Sundry creditors —Expenditure due or accrued due £ s. d. Advances to for preliminary ex- £ s. d. but unpaid .. .. .. .. 0 8 4 penses .. .. .. .. .. 34 2 0 Hamilton Branch Account .. .. .. 3,691 2 7 Advances to associations under Part 11.. .. 1,751 4 4 Head Office Account .. .. .. 11,358 511 Advances to farmers under Part 111 .. .. 11,889 2 0 Accrued interest on investments .. .. 211 10 6 Sundry debtors —Fees recoverable, &c. .. .. 0 10 1 Cash at bank .. .. .. .. 1,163 711 £15,049 16 10 £15,049 16 10 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 95 6 9 By Interest on advances to associations .. .. 29 16 5 Services of Public Trust Office .. .. 170 0 0 Interest on advances to farmers .. .. 415 12 4 Printing, stationery, and requisites .. .. 21 11 0 Advertising .. .. .. .. 110 Travelling-expenses of officers .. .. 1 13 10 Board members'fees.. .. .. .. 12 12 0 General expenses .. .. .. .. 6145 Audit fees .. .. .. .. .. 530 Depreciation .. .. .. .. 0 110 Balance transferred to Head Office Account .. 130 15 9 • £445 8 9 £445 8 9

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WAIKATO DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. Sundry creditors—Expenditure due or accrued £ s. d. Advances to associations for preliminary ex- £ s. d. due but unpaid .. .. .. .. 110 penses .. .. .. .. ' .. 120 10 0 Head Office Account .. .. .. 103,895 5 7 Advances to associations under Part II .. 37,086 16 6 Advances to farmers under Part 111 .. .. 57,475 010 £ s. d. Bills discounted .. .. 1,726 14 8 Less rebate of interest on bills not due .. .. .. 90 17 2 — 1,635 17 6 Accrued interest on investments .. .. 1,378 15 11 Sundry debtors—Pees recoverable, &c. .. 35 15 I Cash at bank .. .. .. .. 2,472 8 2 Auckland Branch Account .. .. .. 3,691 2 7 £103,896 6 7 £103,896 6 7 Profit and Loss Account foe the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 1,107 8 7 By Interest on advances to associations .. .. 1,230 6 7 Services of Public Trust Office .. .. 405 0 0 Interest on advances to farmers .. .. 1,849 4 9 Printing, stationery, and requisites .. .. 45 8 8 Discount on bills discounted .. .. 73 19 0 Travelling-expenses of officers .. .. 0 12 2 Travelling-expenses of Board members .. 38 16 0 Board members' fees .. .. .. 17 17 0 General expenses .. .. .. .. 59 8 0 Audit fees .. .. .. 26 0 0 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 1,452 8 11 £3,153 10 4 £3,153 10 4 TARANAKI DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. Sundry creditors— £s. d. £ s. d. Advances to associations for preliminary ex- £ s. d. Fees not disbursed .. ..4 2 0 penses .. .. .. .. .. 75 0 0 Expenditure due or accrued due but Advances to associations under Part 11.. .. 10,642 9 6 not paid .. .. ..126 Advances to farmers under Part 111 .. .. 2,519 110 5 4 6 Accrued interest on investments .. .. 42 10 1 Head Office Account .. .. .. 13,542 1 7 Cash at bank .. .. .. .. 268 4 8 £13,547 6 1 £13,547 6 1 Profit and Loss Account for the Year ending 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. ~ .. .. 187 711 By Interest on advances to associations .. .. 466 611 Services of Public Trust Office .. .. 100 0 0 Interest on advances to farmers .. .. 100 011 Printing, stationery, and requisites .. .. 13 15 9 Advertising .. .. .. .. 4 0 0 Travelling-expenses of officers .. .. 0 10 6 Travelling-expenses of Board members .. 7 5 3 Board members' fees .. .. .. 4 4 0 General expenses .. .. .. .. 9 16 Audit fees .. .. .. .. .. 7 18 0 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 231 13 11 £566 7 10 £566 7 10 WANGANUI DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d Assets. £ s. d. Head Office Account .. .. .. 193 10 11 Advances to farmers under Part 111 .. .. 150 0 0 Accrued interest on investments .. .. 3 116 Cash at bank .. .. .. .. .. 39 19 5 £193 10 11 £193 10 11 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 1122 By Interest on advances to farmers .. .. 3116 Services of Public Trust Office .. .. .. 4 0 0 Balance transferred to Head Office Account .. 9 6 11 Printing, stationery, and requisites .. .. 2 18 3 General expenses .. .. .. .. 2150 Audit fees .. .. .. .. .. 120 Depreciation .. .. .. .. 0110 £12 18 5 £12 18 5

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POVERTY BAY DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. 1 Assets. £ s. d. Head Office Account .. .. .. 43 12 9 Cash at bank .. .. .. .. 43 12 9 Profit and Loss Account foe the Yeae ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Services of Public Trust Office .. .. ..10 0 0 By Balance transferred to Head Office Account .. 14 12 8 Printing, stationery, and requisites .. .. 2 6 8 General expenses .. .. .. .. 0 10 Audit fees .. .. .. .. .. 1 14 0 Depreciation .. .. .. .. 0 11 0 £14 12 8' £14 12 8 HAWKE'S BAY DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. Assets. £ s. d. Sundry creditors—Expenditure due or accrued due Advances to farmers under Part 111 .. .. 3,213 8 6 but unpaid .. .. .. .. 0 5 2 Accrued interest on investments .. .. 57 10 6 Head Office Account .. .. .. .. 3,352 10 0 Sundry debtors —Eees recoverable, &c. .. .. 616 9 Cash at bank .. .. .. .. 74 19 5 £3,352 15 2 £3,352 15 2 Peofit and Loss Account foe the Yeae ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 51 13 7 By Interest on advances to farmers .. .. 159 19 6 Services of Public Trust Office .. .. 33 0 0 Printing, stationery, and requisites .. .. 6 6 11 Travelling-expenses of officers .. .. 0 4 6 Travelling-expenses of Board members .. .. 8 19 9 Board members' fees.. .. .. .. 5 5 0 General expenses .. .. .. .. 1044 Audit fees .. .. .. .. .. 910 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 34 13 5 £159 19 6 £159 19 6 WAIRARAPA DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. < Assets. £ s. d. Sundry creditors — £s. d. £ s. d. Advances to associations for preliminary exFees not disbursed.. .. ..350 penses .. .. .. .. .. 16 16 8 Expenditure due or accrued due but Advances to associations under Part 11.. .. 1,589 0 0 unpaid .. .. 618 6 Advances to farmers under Part 111 .. .. 1,274 12 0 -— 10 3 6 Accrued interest on investments .. .. 38 17 8 Head Office Account .. .. .. .. 2,949 8 8 Cash at bank .. .. .. .. 40 5 10 £2,959 12 2 £2,959 12 2 Peofit and Loss Account foe the Yeae ended 30th June, 1929. Dr. £ s. d. Cr. £ s . d. To Interest .. .. .. .. .. 22 9 5 By Interest on advances to associations .. .. 6 2 0 Services of Public Trust Office .. .. 28 0 0 Interest on advances to farmers .. 58 9 4 Printing, stationery, and requisites .. .. 3 13 1 Balance transferred to Head Office Account .. 5 9 5 Travelling-expenses of officers .. .. .. 0 10 Travelling-expenses of Board members .. .. 1110 Board members' fees .. .. .. .. 5 5 0 General expenses .. .. ... .. 2 17 3 Audit fees .. .. .. .. .. 5 13 0 Depreciation .. .. .. .. 0 110 £70 0 9 £70 0 9

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MAN AW ATU-WELLINGTON DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. £ s. d. Sundry creditors—Expenditure due or accrued due £ s. d. Advances to associations for preliminary exbut unpaid .. .. .. .. 010 6 penses .. .. .. .. .. 65 0 0 Head Office Account .. .. .. 15,820 15 0 Advances to associations under Part 11.. .. 9,792 5 4 Advances to farmers under Part 111 .. .. 4,184 210 £ s. d. Bills discounted .. .. 1,485 0 0 Less rebate of interest on bills not due .. .. .. 34 3 7 —- 1,450 16 5 Accrued interest on investments .. .. 217 3 4 Sundry debtors —Pees recoverable, &e. .. 3 16 Cash at bank .. .. .. .. 108 16 1 £15,821 5 6 £15,821 5 6 Profit and Loss Account foe the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. .. 182 11 3 By Interest on advances to associations .. .. 280 6 7 Services of Public Trust Office .. .. 85 0 0 Interest on advances to farmers .. .. 220 12 1 Printing, stationery, and requisites .. .. 17 511 Discount on bills discounted .. .. .. 64 2 9 Travelling-expenses of officers .. .. 0 3 0 Travelling-expenses of Board members .. .. 6 5 4 j Board members' fees.. .. .. .. 7 7 0 General expenses .. .. .. .. 27 15 3 Audit fees .. .. .. .. .. 3 19 0 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 234 3 8 £565 1 5 j £565 1 5 MARLBOROUGH DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. £ s. d. Sundry creditors — £ s. d. £ s. d. Advances to farmers under Part 111 .. .. 958 9 1 Fees not disbursed.. .. .. 4 14 6 Accrued interest on investments .. .. 8 19 7 Expenditure due or accrued due but Office furniture .. .. .. .. 4190 unpaid .. .. .. ..0 4 4 Cash at bank .. .. .. .. 121 12 5 4 18 10 Head Office AcSount .. .. .. •• 1,089 1 3 £1,094 0 1 £1,094 0 1 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. .. 12 12 9 By Interest on advances to farmers .. 34 0 6 Services of Public Trust Office .. .. 25 0 0 Balance transferred to Head Office Account .. 26 2 5 Printing, stationery, and requisites .. .. 3 12 10 Board members' fees .. .. .. .. 11110 General expenses .. .. .. .. 4 10 4 Audit fees .. .. .. .. .. 114 0 Depreciation .. .. .. .. 12 0 £60 2 11 £60 2 11 NELSON DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. Assets. Sundry creditors —Expenditure due or accrued due but £ s. d unpaid .. .. .. .. •• 010 Advances to farmers under Part 111 .. .. 108 0 0 Head Office Account .. .. .. .. 271 0 3 £ s. d. Bills discounted .. . . 113 0 0 Less rebate of interest on bills not due.. 9 16 10 103 3 2 Accrued interest on investments .. .. .. 0 116 Sundry debtors —Fees recoverable .. .. 0 18 Cash at bank .. .. .. .. .. 59 4 11 £271 1 3 £271 I 3 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ s. d. Cr. £ s. d. To Interest .. .. .. •• •• 300 By Interest on advances to farmers .. .. 218 11 Services of Public Trust Office .. .. .. 3 0 0 Discount on bills discounted .. .. .. 417 0 Printing, stationery, and requisites .. .. 411 9 Balance transferred to Head Office Account .. 417 10 General expenses .. .. .. .. 0 9 0 Audit fees .. .. .. .. •• 120 Depreciation .. .. .. .. 0 110 £12 13 9 £12 13 9

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WESTLAND DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. Assets. £ s. d. Head Office Account .. .. .. .. 1,991 7 4 Advances to farmers under Part 111 .. .. 1,900 0 0 Accrued interest on investments .. .. 26 19 10 Cash at bank .. .. .. .. 64 7 6 £1,991 7 4 £1,991 7 4 Profit and Loss Account fob the Year ended 30th June, 1929. Dr. £ s. d. Or. £ s. d. To Interest .. .. .. .. 19 19 0 By Interest on advances to farmers .. 62 14 10 Services of Public Trust Office .. .. 12 0 0 Printing, stationery, and requisites .. .. 2 111 Travelling-expenses of Board members .. .. I 16 4 Board members' fees .. .. .. .. 2 2 0 General expenses .. .. .. .. 11811 Audit fees .. .. .. .. .. 180 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 20 8 6 £62 14 10 j £62 14 10 NORTH CANTERBURY DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. j Assets. £ s. d. Sundry creditors—Expenditure due or accrued due Advances to farmers under Part 111 .. .. 2,667 211 but unpaid .. .. .. .. 0 4 1 Accrued interest on investments .. .. 37 0 7 Head Office Account .. .. .. .. 2,768 18 3 ; Cash at bank .. .. .. .. 64 1 4 Timaru Branch Account .. .. .. 0 17 6 £2,769 2 4 | £2,769 2 4 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ s. d. Gr. £ s. d> To Interest .. .. .. .. .. 46 11 6 By Interest on advances to farmers .. .. 145 10 0 Services of Public Trust Office .. .. 20 0 0 Printing, stationery, and requisites .. .. 4 7 3 General expenses .. .. .. .. 413 5 Audit fees .. .. .. .. .. 1 14 0 Depreciation .. . . .. .. 0 110 Balance transferred to Head Office Account .. 67 12 10 £145 10 0 £145 10 0 SOUTH CANTERBURY DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. £ s. d. Assets. £ s. d. Sundry creditors —Expenditure due or accrued due but Advances to farmers under Part 111 .. .. 435 8 7 unpaid .. •• •• •• 010 Accrued interest on investments .. .. .. 12 10 9 Christchurch Branch Account .. .. .. _0 17 6 Cash at bank .. .. .. .. 29 12 4 Head Office Account .. • ■ • ■ • ■ 476 13 2 £477 11 8 £477 11 8 Profit and Loss Account for the Year ended 30th June, 1929. Dr. £ s. d. Or. £ s. d. To Interest .. • • • • • • 12 14 9 By Interest on advances to farmers .. 30 7 1 Services of Public Trust Office .. .. .. 12 0 0 Discount on bills discounted .. .. .. 3 6 1 Printing, stationery, and requisites .. .. 14 4 General expenses .. •• •• •• 0135 Audit fees .. .. • • ■ • • • I 14 0 Depreciation .. •• 0110 Balance transferred to Head Office Account .. 4 15 8 £33 13 2 £33 13 2

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OTAGO DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30tii June, 1929. Liabilities. Assets. Sundry creditors —Expenditure due or accrued duo £ s. d. £ s. d. but unpaid .. .. .. .. 0 2 0 Advances to associations for preliminary expenses 16 19 8 Head Office Account .. .. .. .. 2,065 8 1 Advances to associations under Part II .. .. 1,050 0 0 Advances to farmers under Part 111 .. .. 796 4 8 £ s. d. Bills discounted .. .. .. 80 0 0 Less rebate of interest on bills not due .. 6 711 73 12 1 Accrued interest on investments .. .. 28 15 7 Sundry debtors— Fees recoverable .. . • ■ ■ • • 0 13 6 Cash at bank .. .. .. .. 99 4 7 £2,065 10 1 " £2,065 10 1 Profit and Loss Account fob the Year ended 30th June, 1929. Jh\ £ s. d. Or. £ s. d. To Interest ... .. .. .. .. 36 2 1 By Interest on advances to associations .. .. 18 11 8 Services of Public Trust Office .. .. 18 0 0 Interest on advances to farmers .. . ■ 87 18 1 Printing, stationery, and requisites .. .. 6 3 8 Discount on bills discounted .. .. .. 2 13 Travelling-expenses of Board members .. .. 24 1 9 Board members' fees .. .. .. 9 9 0 General expenses .. .. .. .. 2 ] 3 3 Audit fees .. .. .. .. .. 640 Depreciation .. .. .. .. 0110 Balance transferred to Head Office Account .. 5 6 3 £108 11 0 £108 11 0 SOUTHLAND DISTRICT RURAL INTERMEDIATE CREDIT BOARD. Balance-sheet as at 30th June, 1929. Liabilities. Assets. £ s. d. Sundry creditors— £s. d. £ s. d. Advances to associations for preliminary expenses 27 18 3 Pees not disbursed.. .. ..110 Advances to associations under Part 11.. .. 1,027 14 0 Expenditure due or accrued due but Advances to farmers under Part 111 .. .. 1,545 5 4 unpaid .. .. ..0 6 3 Accrued interest on investments .. .. 22 3 4 1 7 3 Cash at bank .. .. .. .. 420 15 2 Head Office Account .. .. .. .. 3,042 8 10 £3,043 16 1 £3,043 16 1 Profit and Loss Account for the Year ended 30th June, 1929. nr. £ s. d. Or. £ s. d. To Interest .. .. .. .. .. 26 5 0 By Interest on advances to associations .. .. 5 0 1 Services of Public Trust Office .. .. 80 0 0 Interest on advances to farmers .. .. 64 12 0 Printing, stationery, and requisites .. .. 712 6 Balance transferred to Head Office Account .. 53 13 6 General expenses .. .. .. .. 6 0 1 Audit fe.es .. .. .. .. .. 2 17 0 Depreciation .. .. .. .. 0 110 £123 5 7 £123 5 7 J. W. Macdonald, Commissioner. W. Barr. Chief Accountant.

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