8.—13

5

Statement of Interest Account for the Year ended 31st March, 1909.

Statement of Management Expenses Account for the Year ended 31st March, 1909.

Statement of Receipts and Expenditure for the Year ended 31st March, 1909.

Dβ. £ s. d. £ s. d. ?o Interest paid on loans 134,784 3 2 Less accrued interest at 31st March, 1908 .. .11,210 1 8 '■ 123,574 1 6 Cβ. £ s. d. £ s. d. By Interest received on mortgages .. 205,309 6 7 Interest reoeived on bank balances .. 275 4 3 Interest received on amounts transferred to Workers Branch .. .. 803 11 0 Interest paid on deposits 43 0 10 Less accrued interest at 31st Maroh, 1908 .. 20 3 8 22 17 2 Accrued interest payable on deposits at 31st March, 1909 .. .. 19 16 11 Accrued interest payable on loans at 31st March, 1909 .. .. .. 15,743 6 8 Balance of interest gross profits transferred to Profit and Loss Account .. 71,574 15 7 206,388 1 10 Less interest overdue and accrued at 31st March, 1908 .. .. 52,638 14 7 153,749 7 3 Interest receivable — £ s. d. Overdue at 31st March, 1909 .. 14,325 1 8 Accrued at 31st March, 1909 .. 42,860 8 11 —,—. 57,185 10 7 £210,934 17 10 £210,934 17 10

Dβ. £ s. d. 'o Audit Department .. .. .. 200 0 0 Court costs .. .. .. .. 39 5 5 Petty general expenses .. .. 11 0 0 Postages and telegrams .. .. 751 18 0 Post Office services .. .. .. 500 0 0 Printing and stationery .. .. 475 13 7 Registration and search fees.. .. 860 3 6 Salaries .. .. .. .. 6,945 5 4 Sundries .. .. .. .. 19 10 5 Telephones .. .. .. .. 18 5 11 Travelling-expenses .. .. .. 50 7 0 Valuation Department—Agency work .. 1,000 0 0 £10,871 9 2 Cβ. £ s. d. By Consent fees .. .. .. 20 10 6 Mortgage fees .. .. .. 288 10 0 Production fees .. .. .. 314 15 3 Release fees .. .. .. 278 1 10 Balance transferred to Profit and Loss Account 9,969 11 7 £10,871 9 2

Dβ. Receipts. £ ad. Oβ. Expenditure. £ s. d. 'o Cash in hand and in bank at 31st By Advances on mortgage .. .. 1,493,835 12 0 March, 1908 .. .. .. 1,126 9 7 Advances Suspense Account .. 27,574 19 7 Advances Suspense Account .. 200 0 0 Audit Department .. .. 200 0 0 Bills Eeceivable Account .. .. 105 18 6 Court costs .. .. .. 81 16 2 Consent fees .. .. .. 20 10 6 Fire Loss Suspense Account .. 3,261 17 0 Court costs .. .. .. 42 10 9 Insurance Premiums Account—prePire Loss Suspense Acoount .. 4,029 9 0 miums paid .. .. .. 604 7 0 Insurance Premiums Account—pre- Interest on loans.. .. .. 134,784 3 2 miums refunded .. .. 497 13 4 Interest on deposits .. .. 43 0 10 Interest on bank balances.. .. 275 4 3 Loan-flotatation Charges Account .. 782 7 5 Interest on mortgages .. .. 205,309 6 7 Mortgage fee refunded .. .. 0 5 0 Interest. on amounts transferred to Office Furniture Account .. .. 89 15 4 Workers Branoh .. .. 803 11 0 Petty general expenses .. .. 11 0 0 Mortgages and instalments repaid .. 559,163 9 11 Postages and telegrams .. .. 854 0 0 Mortgage fees .. .. .. 288 15 0 Post Office services .. .. 500 0 0 Production fees .. .. .. 316 19 3 Printing and stationery .. .. 475 13 7 Postages refunded .. .. 2 2 0 Profit and Loss Account—loss on Registration and search fees .. •• 730 8 6 realisation of seourity .. 92 0 5 Profit and Loss Account—insurance Production fees refunded .. .. 2 4 0 premiums, as at 31st March, 1908, Release fees refunded .. .. 0 10 0 transferred .. .. .. 91 8 1 Registration and search fees .. 1,590 12 0 Profit and Loss Account —premium Salaries .. .. .. .. 7,445 5 4 on sale of debentures .. .. 3,013 15 0 Suspense Acoount .. .. 50,032 9 5 Release fees .. .. .. 278 11 10 Telephones .. .. .. 18 5 11 Sundries .. .. .. 54 6 3 Sundries .. .. .. 73 16 8 Suspense Account .. .. 70,741 7 0 Temporary advances to Workers Temporary advances on account of Branch .. .. .. 145,000 0 0 loan .. .. .. .. 1,048,800 0 0 Travelling-expenses .. .. 50 7 0 Valuation fees .. .. .. 6,987 7 10 Valuation Department— £ s. d. Workers Branch refunds .. .. 600 0 0 Fees .. .. 4,887 18 8 Agency work .. 1,000 0 0 5,887 18 8 Valuation fees refunded and transferred .. .. .. 2,099 9 2 Cash in hand and in Bank at 31st March, 1909 ., .. 28,087 8 6 £1,903,479 4 2 £1,903,479 4 2 Government Advances to Settlers Office, Wellington, 21st May, 1909. P. Hekes, F.S.A.A.Eng., Superintendent. W. N. HiNCHLiFFB, Accountant. Examined and found correct.— J. K. Wabbueton, Controller and Auditor-General.