6

8.—13

Statement of Interest Account for the Year ended 31st March, 1910. Dr. £ s. d. £ s. d. Or. £ s. d. £ s. d. To Interest paid on loans 179,011 19 11 By Interest received on Less accrued interest at mortgages .. 234,867 9 10 31st March, 1909 .. 15,743 6 8 Interest reoeived on 163,268 13 3 bank balances .. 1,023 12 7 Interest paid on deposits 40 1 5 Interest received on Less accrued interest at amounts trans31st March, 1909 .. 19 16 11 ferred to Workers 20 4 6 Branch .. .. 5,562 1 1 Accrued interest payable on deposits at Interest received on 31st March, 1910 20 10 2 balance purchaseAccrued interest payable on loans at money .. .. 11 18 5 31st March, 1910.. .. .. 32,933 0 0 241,465 111 Balance of interest gross profits trans- Less interest overdue and accrued at ferred to Profit and Loss Account .. 50,684 12 10 31st March, 1909 .. 57,185 10 7 184,279 11 4 Interest receivable— £ s. d. Overdue at 31st March, 1910 .. 18,189 14 3 Accrued at 31st March, 1910 .. 44,457 15 2 62,647 9 5 £246,927 0 9 £246,927 0 9

Statement of Management Expenses Account for the Year ended 31st March, 1910. Dr. £ s. d. Or. £ s. d. To Audit Department .. .. .. 200 0 0 By Consent fees .. .. .. 27 5 0 Court costs .. .. .. .. 33 5 0 Mortgage fees .. .. .. 282 10 0 Petty general expenses .. .. 23 0 0 Production fees .. .. .. 340 8 9 Postages and telegrams .. .. 518 10 9 Rates—Refund of amounts paid by DePost Office services .. .. .. 500 0 0 partment.. .. .. .. 12 17 0 Printing and stationery .. .. 404 210 Release fees .. .. 263 8 0 Registration and search fees.. .. 702 5 8 Balance transferred to Profit and Loss Salaries .. .. 6,423 18 6 Account .. .. .. .. 8,846 5 2 (unauthorised) 133 19 1 6,557 17 7 Solicitors' costs .. .. .. 718 i Sundries .. .. .. .. 3 10 6 Telephones .. .. 24 7 0 Travelling expenses .. .. .. 48 1 3 Valuation Department—Agency work .. 750 0 0 £9,772 13 11 £9,772 13 11

Statement of Receipts and Expenditure for the Year ended 31st March, 1910, Dr. Receipts. £ sd. t Cr. Expenditure. £ s. d. To Cash in hand and in bank at 31st By Advances on mortgage .. .. 1,095,120 0 0 March, 1909 .. .. .. 28,087 86J Advances Suspense Account .. 36,160 12 7 Advances Suspense Acoount 43,112 18 7 Audit Department .. 200 0 0 Bills Receivable Account .. .. 103 0 0 Court costs .. .. 103 1 6 Consent fees .. 27 5 0 Fire Loss Suspense Account .. 7,001 18 2 Court costs .. .. .. 69 16 6 Insurance Premiums Account .. 541 7 5 Fire Loss Suspense Account .. 8,373 2 6 Interest on loans .. .. 179,011 19 11 Insurance Premiums Account .. 576 13 3 Interest on deposits .. 40 1 5 Interest on balance purchase-money 11 18 5 Loan-flotatation Charges Account .. 6,439 7 9 Interest on bank balances.. .. 1,023 12 7 Office Furniture Account .. 46 0 0 Interest on mortgages .. .. 234,867 910 Petty general expenses .. 23 0 0 Interest on amounts transferred to Postages and telegrams .. .. 619 2 3 workers .. .. .. 5,562 1 1 Poet Office services 500 0 0 Mortgages and instalments repaid .. 545,527 16 5 Printing and stationery .. .. 429 210 Mortgage fees .. .. .. 282 10 0 Profit and Loss Account—Loss on Production fees .. .. 343 0 9 realization of seourity .. 5 0 10 Postages refunded .. .. 0 11 6 Production fees refunded .. 2 12 0 Rates .. .. .. .. 12 17 0 Registration and search fees 1,218 15 0 Registration and search fees .. 516 9 4 Sinking Fund Account .. 57,438 0 0 Release fees .. .. .. 263 8 0 Salaries.. .. .. 7,123 18 6 Solicitors' costs .. .. .. 215 6 Solicitors' costs .. .. .. 10 810 Sundries .. ... .. 23 13 2 Suspense Account .. .. 5,713 3 4 Suspense Account .. .. 6,991 8 0 Sundries .. .. 27 3 8 Temporary advances on account of Telephones .. .. .. 24 7 0 loans .. .. .. .. 585,000 0 0 Temporary advanoes to Workers Temporary Advances to Workers Branch .. .. .. 375,000 0 0 Branch refunded .. .. 400,000 0 0 Travelling-expenses ... 48 1 3 Unauthorised Account —part salary Unauthorised Account—Salaries .. 250 12 5 refunded .. .. .. 116 13 4 Valuation Department— Valuation fees .. 6,69112 9 Fees .. .. .. .. 5,214 7 9 Workers Branch refunds— Agency work .. .. 750 0 0 Salaries .. . ■ 700 0 0 Valuation fees refunded and transPostages and telegrams.. .. 100 0 0 ferred .. .. .. 1,477 5 0 Printing and stationery.. .. 25 0 0 Cash in hand and in bank at 31st March, 1910 .. .. 87,873 12 7 £1,868,413 2 0 £1,868,413 2 0 J. W. Poynton, Superintendent. W. N. Hinchliffe, N.Z.S.A Accountant. New Zealand State-guaranteed Advances Office, Wellington, 15th June, 1910. Examined and found correct. —Robert J. Collins, Controller and Auditor-General. 15th July, 1910.