9

8.—13

Statement of Profit and Loss Account for the Year ended 81st March, 1911. Dβ. £ s. d. Cβ. £ s. d. To Balance as at 31st March, 1910 .. 636 3 3 By Management Expenses Account .. 1,205 4 4 Balance Interest Account .. .. 12,547 14 8 Balance .. .. .. .. 11,978 13 7 £13,183 17 11 £13,183 17 11

Statement of Interest Account for the Year ended 31st March, 1911. Dβ. £ s. d. t s. d. j Ok. £ s. d. £ B. d. To Interest paid on loans .. 12,542 8 10 By Interest on mortgages — Less accrued interest at Lncal authorities .. 2,627 14 '2 31st March, 1910 .. 901 7 i Hauraki Plains .. 592 11 0 11,641 1 8 Opening up land for Aocrued interest, payable on loans at settlement.. .. 775 7 0 31st March, 1911 .. .. .. 19.270 7 8 I 3,995 !2 2 Less interest accrued at Mist March, 1910 .. .. .. .. 7 13 5 3,987 18 9 Interest on bank balanoes .. .. 1,707 11 2 Interest on sinking fund (Public Trustee) 220 0 0 Interest on advances to Settlers Branch 7,859 16 8 Interest on temporary investment .. 565 15 0 Interest accrued on advances to Native Land Settlement Branch .. .. I . 804 15 3 Interest receivable— Overdue at 31st March, 1911 .. .. 356 4 3 Accrued at 31st March, 1911 .. .. 2,861 13 2 3,217 17 6 Balance transferred to Profit and Loss Acoount .. .. .. .. 12,547 14 8 £30,911 811 I £30,1111 8 11

Statkment of Management Expenses Account for the Year ended 31st March, 1911. Dβ. £ s. d. i Cβ. £ s. d. To Postages and telegrams .. .. 150 00j By Commission fees .. .. .. 2,040 19 6 Printing and stationery .. .. 100 0 0 | Salaries .. .. .. .. 371 0 0 Sundries .. .. .. 214 15 2 Balance transferred to Profit and Loss Acoount .. .. .. .. 1,205 4 4 £2,040 19 6 £2,040 19 6

Statement of Eeceipts and Expenditure for the Year ended 31st March, 1911. Receipts. fc s. d. Expenditure. £ s. d. To Cash in hand and in bank at 31st By Advances on mortgage .. .. 524,460 0,0 March, 1910 .. .. .. 386,257 10 6 Cost of telegraphing money .. 0 6 '0 Commission fees .. .. .. 2,040 19 6 Interest on loans .. .. 12,542 8 10 Cost of telegraphing money .. 0 6 0 Postages and telegrams .. .. 150 0 O Interest on amounts transferred to Printing and stationery .. .. 100 0 0 Settlers Branoh .. .. 7,359 16 8 Salaries.. .. .. .. 371 0 0 Interest on bank balances.. .. 1,707 11 2 Sinking fund .. .. .. 13,750 0 O Interest on mortgages .. .. 3,995 12 2 Stamp duty .. .. .. 0 5 0 Stamp duty .. .. .. 0 5 0 Sundries .. .. .. 214 15 2 Sundry loans .. .. .. 975,000 0 0 Temporary advances to Settlers Temporary advances to Settlers Branoh .. .. .. 470,000 0 0 Branch refunded .. .. 470,000 0 0 Temporary advances to Native Land Temporary advances to Native Land Settlement Branoh .. .. 161,600 0 0 Settlement Branch refunded .. 161,600 0 0 Temporary investment .. .. 100,000 0 0 Temporary investment refunded .. 100,000 0 0 Cash in hand and in bank at 31st Mortgages and instalments of prin- March, 1911 .. .. .. 829,380 810 cipal repaid .. .. .. 4,041 710 Interest on temporary investment .. 66S 15 0 £2,112,669 3 10 £2,112,569 8 10 J. W. Poynton, Superintendent. W. N. Hinchlifpe, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 27th May, 1911. Examined and found correct—Robert J. Collins, Controller and Auditor-General.

2—B. 13.