8.—13

6

WORKERS BRANCH.—BALANCE-SHEET. Statement of Liabilities and Assets at 31st March, 1909.

Statement of Profit and Loss Account for the Year ended 31st March, 1909.

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

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

Liabilities. £ s. d. Assets. Advances on account of loan .. .. 328,500 0 0 Investment Account — £ s. d. £ s. d. Advances from Settlers Branch.. .. 145,000 0 0 Advances on mortgage .. 507,652 8 2 Accrued interest payable on aooount of Less repayments .. 25,216 0 8 advances .. .. .. .. 2,682 1 8 482,436 7 6 Suspense Account .. .. .. 77 14 9 Mortgage instalments receivable—overdue 111 15 2 Advances Suspense Aocount .. .. 7,015 17 8 Interest receivable—overdue .. .. 537 11 10 Fire Loss Suspense Account .. .. 250 0 0 Interest receivable—accrued .. .. 2,934 15 11 Sinking Fund Account .. .. 1,552 17 0 Insuranoe Premiums Aocount .. .. 4 1 10 Profit and Loss Account .. .. 1,542 4 6 Cash in hand and in bank 746 3 £ Less cheques not presented 150 0 0 596 3 4 £486,620 15 7 £486,620 15 7 Government Advances to Settlers Office, Wellington, 21st May, 1909. P. Hbybs, F.S.A.A.Eng., Superintendent. W. N. HiNCHLiFFB, Accountant. Examined and found correct.— J. K. Wabbukton, Controller and Auditor-General.

Dβ. Co Management Expenses Account Balanoe net profits for the year £ s. d. 637 7 5 3,757 0 3 Cβ. By Interest Aocount gross profits £ s. d. 4,394 7 8 £4,394 7 8 £4,394 7 8 Balance at 31st March, 1908 .. Transfer to sinking fund Balance net profits carried forward 661 18 9 1,552 17 0 1,542 4 6 Net profits for the year 3,757 0 3 £3,757 0 3 £3,757 0 3

Dβ. £ s. d. £ s. d. 'o Interest paid on loans .. 8,902 4 11 Less acorued interest at 31st , March, 1908 .. .. 1,524 13 2 7,377 11 9 Accrued interest payable on loans at 31st March, 1909 .. .. .. 2,682 1 8 Interest paid on amounts transferred from Settlers Branoh .. .. 803 11 0 Balance Interest Aocouct—gross profits transferred to Profit and Loss Account 4, 394 7 8 Or. £ s. d. £ s. d. By Interest on mortgages .. 13,152 17 4 Interest on bank balanoes 74 16 11 13,227 14 3 Less interest overdue and accrued at 31st March, 1908 .. .. 1,442 9 11 ■ 11,785 4 4 Interest receivableOverdue at31stMaroh, 1909 .. .. 537 11 10 Accrued at 31st March, 1909 .. .. 2,934 15 11 £15,257 12 1 3,472 7 9 £15,257 12 1

Dβ. !o Court oosts .. Postages and telegrams Printing and stationery Salaries Solicitors' oosts Sundries £ s. d. 0 6 0 .. 100 0 0 .. 26 7 0 .. 500 0 0 28 15 6 0 5 8 Oβ. £ s. d. By Consent fees .. .. .. 0 10 0 Production fees .. .. .. 11 1 9 Release fees .. .. .. 6 15 0 Balance transferred to Profit and Loss Account .. .. .. .. 637 7 5 £655 14 2 £655 14 2