7

B.—lB

ADVANCES TO WOEKEBS BRANCH. Statement of Liabilities and Assets at 31st March, 1911. Liabilities. £ >. d. I Assets. Sundry loans .. .. .. .. 844,765 0 0 1 Investment Account — £ a. d. £ a. d. Advances from Settlers Branch.. .. 325,000 0 0 Advances on inortAccrued interest payable on account of gage .. .. 1,277,765 0 0 loans .. .. .. .. 9,473 17 4 Lees repayments .. 99,806 1 2 Advances Suspense Account .. .. 19,714 0 0 1,177,958 18 10 Fire Loss Suspense Acoount .. .. . 341 0 0 Mortgage instalments receivable—overSuspense Account .. .. .. 539 9 9 due .. .. .. .. 481 12 11 Reserve Fund .. .. .. 8,979 7 2 I Interest receivable—overdue .. .. ~> 12 9 ' Interest receivable—accrued .. .. S. 7U2 3 7 , Insurance Premiums Acoount .. 34 14 3 Sinking Fund Account .. .. 16,597 7 1 Cash in hand and in bank at 31st March, 1911 2,681 -I 4 Less unpreßented cheques 38 17 6 2,642 4 10 £1,208,812 14 3 £1,208,812 14 3 J. W. Povnton, Superintendent. W. N. HiNCHLiFFE, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 27th May, 1911. Examined and found correct. —Robert J. Collins, Controller and Auditor-General.

Statement of Profit and Loss Account for thu Year ended 31st March, 1911. Dr. £ r. ,!. os. 6 s. (I. To Management Expenses Account .. 1,645 9 4 By Intflrent Account—gross profits ' .. H.iiius i> I] Loan-flotation charges for the yearended 31st March, 1911-written off .. 952 8 1 ■ Losses on realization of securities .. 88 8 4 Balance—net profits for the year .. 5,912 1 2 £8,59H 6 11 £8,598 6 11 • Balance transferred to Reserve Fund .. 7,1fi4 l> 9 Net profits for the yoar .. .. 5,912 1 2 Sinking fund set up under the provisions of the Government Advances to Settlers Act, 1908—transferred .. 1,552 17 0 £7,464.18 i £7,461 18 2

Statement of Interest Account for the Year ended 31st March, 1911. Dβ. £ s. d. £ s. d. On. £ s. d. £ i. d. To Interest paid on loane .. 26,906 13 8 By Intorest on mortgages .. 39,825 2 6 Less accrued interest at Less interest overdue and 31st March, 1910 .. 5,988 8 9 acorued at 31st March, 19,918 4 6 1910 .. .. 6,297 IS 11 Accrued interest payable on loans at 33,527 8 7 31st March, 1911 .. .. .. 9,473 17 4 Interest on hank balances .. .. 38 4 0 Interest paid on amounts transferred Intorest on sinking fund (Publio from Settlers Branch .. .. 6,979 17 8 Trustee).. .. .. .. 811 17 1 Balance Interest Account—grosf profits Interest receivable— transferred to Profit and Loss Account 8,598 fill Overdue at3lst March, 1911 .. .. 2,305 12 9 Accrued at 31st March, 1911 .. .. 8,792 8 7 11,097 16 4 £44,970 6 0 - £44,970 6 0 Statement of Management Rxpenses Account for the Year ended 31st March. 1911. Dr. £ c. d Cβ. & s. d. To Court costs .. .. .. .. 3 1 0 By Production fees .. .. .. 10 16 9 Postages and telegrams .. .. 150 0 0 Release fees .. .. .. .. 28 10 0 Printing and stationery .. .. 100 19 8 Balance transferred to Profit and Lo^s Salaries .. .. .. .. 1,000 0 (i Account .. .. .. .. 1,645 9 4 Solicitors'costs .. .. 81 2 10 Sundries .. .. .. .. 98 17 o Travelling-expenses .. .. .. 0 15 4 Valuation Department—agency work ~ 250 0 0 £1,684 16 1 . . . £1,684