£. -13,

5

BALANCE-SHEET.—ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets at 31st March, 1911. Liabilities. Assets. £ a. d. £ s. d. £ s. d. £ s. d. 3-per-oent. loans re- Investment Account— deemable Ist April, Advances mort--1945 .. .. 2,000,000 0 0 gage .. ..10,547,970 0 0 Sundry loans .. 5,094,935 0 0 Less repayments .. 4,406,986 2 i 7,094,935 0 0 6,140,983 17 S Accrued interest payable on deposits .. 20 15 10 Mortgage instalments rnoeivalile -overAocrued interest payable on aoermnt of due .. .. .. .. 4,246 3 7 loans .. .. .. .. 43,446 B 5 Interest receivable— Reserve Fund .. .. .. 50,000 0 0 overdue .. .. 16,385 19 7 Suspense Account .. .. .. 5,350 18 5 Interest receivable— Advances Suspense Aooount .. .. 19,179 2 4 accrued .. .. 50,189 6 6 Fire Loss Suspense Aocount .. .. 5,605 6 2 66,575 6 1 Profit and Loss Acoount .. .. 190,767 3 2 Office Furniture Aocount .. .. 428 17 11 Insurance Premiums Acoount .. 316 13 10 Amounts transferred to Workers Branch 325,000 0 0 Sinking Fund Acoount .. .. 176,31114 8 Gash in hand and in bank .. .. 695,442 18 7 £7,409,304 12 4 £7,409,304 12 4 J. W. Poynton, Superintendent. W. N. Hinchliffe, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 27th May, 1911. Examined and found correct. —Eobeet .1. Collins, Controller and Auditor-General. Statement of Pkofit and Loss Account for the Year ended 31st March, 1911. Da. £ a. ri. Cr. 8 s. d. To Management Expenses Account .. 10,830 18 8 By Interest Aooount—gross profits .. 71.324 in 5 Losses on realization of securities .. 53 1 9 Balance—net profits for the year ended 31st Maroh, 1911 .. 60,440 10 0 £71,324 10 5 £71,324 10 8 Balanoe—net profits carried forward 190,767 8 2 Balance at 31st Maroh, 1910 .. 86,136 14 6 Net profits for the year .. .. 60.440 10 0 Sinking fund set up under the provisions of the Government Advances to Settlers Act, 1908—transferred 44,189 18 8 £190,767 3 2 | £190,767 3 2

Statement of Interest Account for the Year ended 31st March, 1911. Dβ. £ s. d. £ s. d. Cβ. £ s. d. £ s. d. To Interest paid on loans 190,629 4 4 By Interest received on Less accrued interest at mortgages .. 264,776 3 10 31st March, 1910 .. 32,933 0 0 'Less interest over157,696 i 4 due and accrued at Interest paid on deposits 37 5 4 31st March, 1910.. 62,647 9 5 Less aoorued interest at 202,128 14 5 31st March, 1910 .. 20 10 2 Interest on bank balances.. .. 564 5 7 IH 15 2 Interest on amounts transferred to Interest on amounts transferred from Workers Branch .. .. 6,979 17 3 Local Authorities Branch.. .. 7,359 16 8 Interest on sinking fund (Public Interest refunded .. .. .. 118 3 6 Trustee) .. .. .. 3,734 9 0 Accrued interest payable on deposits at Interest receivable— £ 8. d. 31st March, 1911 .. .. 20 15 10 Overdue at 31et Accrued interest payable on loans at Maroh, 1911 .. 16,385 19 7 31st March, 1911 .. .. .. 43,446 6 5 Accrued at 31st Balance of interest—gross profits trans- March, 1911 .. 50,189 6 6 ferred to Profit and Loss Account .. 71,324 10 5 66,575 6 1 £279,982 12 4 £279,982 12 4