5

8.—13

BALANCE-SHEET.—ADVANCES TO SETTLEES BEANCH. Statement of Liabilities and Assets at 31st March, 1912. Liabilities. Assets. £ s. d, £ s. a. £ s. d. S, b. (i, 3-per-cent. loan re- Investment Account— depmable Ist April, Advances on mort--1945 .. .. 2,000,000 0 0 gage .. ..12,722,053 0 0 Sundry loans .. 5,747,881 1 7 Less repayments .. 5,426,287 2 5 7,747,881 1 7 7,293,767 17 7 Accrued interest payable on deposits .. 9 3 7 Mortgage instalments receivable—overAccrued interest payable on loans .. 53,054 5 7 due .. .. ..■ .. 5,260 7 1 Reserve Fund '.. .. .. 50,000 0 0 Interest receivableSuspense Account .. .. .. 5,030 7 3 overdue .. .. 18,821 3 7 Advances SuspeDse Account .. .. 35,860 0 0 Interest receivable— Fire Loss Suspense Account .. .. 5,369 1 8 accrued .. .. 67,535 711 Temporary transfer from Public Debt 86,356 11 6 Sinking Fund Branch .. .. 83,475 00 | Loan Charges Account .. ..■ 20,000 0 0 Profit and Loss Account .. .. 208,602 10 7 > Amounts temporarily transferred to Workers Branch .. .. .. 330,000 0 0 ' Insurance Premiums Account .. 342 19 10 Office Furniture and Equipment Account 567 0 3 Smking Fund Account .. .. 261,584 16 11 Cash in hand and in bank .. .. 189,401 17 1 — I £8,189,281 10 3 i £8,189,281 10 3 J. W. Poynton, Superintendent. W. N. HiNCHLiPFE, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 11th June, 1912. Examined and found correct. —Eobeet J. Collins, Controller and Auditor-General. Statement of Pbofit and Loss Account for the Year ended 31st March, 1912. Dr. & s. d. i Cβ. & s. d. To Management Expenses Account .. 11,086 16 sBy Interest Account—gross profits .. 75,216 5 9 Losses on realization of security .. .. 58 tfi 6 Amount paid over to Lars Anderson, in accordance with the recommendation of the Publio Petitions Committee .. .. 244 0 0 Advances on doubtful securities —written down .. 487 310 790 0 4 Office Furniture and Equipment Account—written down .... 68 0 0 Balance—net profits for the year ended 31st Marob, 1912 .. 63,276 9 0 £75,216 5 9 £75,216 5 9 Loan flotation charges—written off .. 45,441 1 7 Balance at 31st March, 1913 .. 190,767 3 2 Bal&noe—net profits carried forward 208,602 10 7 Net profits for the year .. .. 63,276 9 0 £254,043 12 2 £254,043 12 2 Statement of Interest Account for the Year ended 31st March, 1912. Dβ. £ s. d. £ s. d. Cβ. £ s. d. S b. d. To Interest paid on loans 243,365 15 10 By Interest received on Less accrued interest at mortgages .. 289,906 5 9 31st March, 1911 .. 43,446 6 5 Less interest over199,919 9 5 due and accrued at Interest paid on deposits 36 0 0 81st Marob, 1911.. 66,575 6 1 Less accrued interest at 223,330 19 8 31st March, 1911 .. 20 15 10 Interest on bank balances.. .. 456 1111 15 4 2 Interest on amounts transferred to Interest on amounts transferred from Workers Branch .. .. 12,281 12 i Local Authi rities Branoh.. .. 1,923 11 0 Interest on sinking fund (Public Interest refunded .. .. .. 82 2 0 Trustee) .. .. .. 7,794 6 1 Accrued interest payable on deposits at Interest receivable— g s. d. 31st March, 1912 .. .. 9 3 7 Overdue at 31st Accrued interest payable on loans at March, 1912 .. 18,821 3 7 81st Match, 1912 .. .. .. 53,054 5 7 Accrued at 31st Balance of interest—gross profits trans- March, 1912 .. 07,535 711 farred to Profit and Loss Account .. 75,216 5 9 -— 86,336 11 6 £330,220 1 6 £330,220 1 6