8,—13

7

ADVANCES TO WOEKBES BEANOH. Statement of Liabilities and Assets at 31st March, 1912. Liabilities. . £ s, <1, Assets. . ; .. . Sundry loans* .. .. .. 1.315,933 12 7 Investment Account— £ s. d. .S ;' s. d. Temporary advances from Settlers . Advances on mortBranoh .. .. .. .. 330,000 0 0 gage ~ .. 1,821,605 0 0 ..-. Accrued interest payable on aocount of Less repayments .. 179,472 0 4 ■ loans .. .. .. .. 15,332 5 I , —. 1,643,132 18 8 Advances Suspense Account .. .. 24,866 0 0 ; Mortgage instalments receivable—over- .: Fire Loss Suspense Aocount 21 0 0 due .. .. .. .. 1,295 2 10 Suspense Acoount .. .. .. 456 13 11 j Interest receivable—overdue .. .. 4,082 12 10 Beserve Fund .. .. .. 11,279 8 i i Interest receivable—accrued .. .. 14,102 . A 0 I Insurance Premiums Aocount 84 6 2 I Loan-flotation charges .. .. 4,451 2 10 ; Sinking Fund Account ~ .. 30,525 3 4 Cash in hand and in bank at 31st March, 1912 .. .. .. 1,215 2 9 £1,697,889 0 5\ £1,697,889 0 5 J. W. Poynton, Superintendent. W. N. Hinchliffe, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 11th June, 1912. Examined and found correct.—Eobert J, Collins, Controller and Auditor-General. Statement of Pbofit and Loss Account for the Year ended 31st March, 1912. Dr. &" s. d. \ Oβ. £ s. d. To Management Expenses Account .. 2,093 12 1| By Interest Account—gross profitu .. 12,396 8 6 Losß on realization of security .. 314 9 i Part loss oh security recovered .. 019 6 Balance—net profits for the year .. 10,300 1 2 j £12,397 8 0 ' £12,397 8 0 Loan-flotation charges written off .. 8,000 0 0 Net profits for the year .. ..-10,300 1 2 Balance net profits transferred to Beserve Fund .. .. .. 2,300 1 2 £10,300 1 2 J £10,300 1 2 Statement of Interest Account for the Year ended 31st March, 1912. Dβ. £ s. d. M s. d. i Cβ. £ s. 'd. £ ». d. To Interest paid on loans .. 33,534 1 9 By Interest on mortgages .. 56,166 19 8 Less accrued interest at Less interest overdue and 31st March, 1911 .. 9,473 17 i accrued at 31st March, __ 24,060 4 S| 1911 , .. .. 11,097 16 4 ;■ Accrued interest payable on loans at 45,069 2 11 81st March, 1912 .. .. .. 15,332 5 7 Interest on bank balances .. .. -- 51 010 Interest paid on amounts transferred Interest on sinking fund (Public from Settlers Branch .. .. 12,281 12 4: Trustee).. .. .. .. 768 15 7 Interest refunded .. .. .. 3 5 4 Interest receivable— Balance — gross profits transferred to Overdue at 31st March, Profit and Loss Account .. ..12,396 8 6, 1912 .. .. 4,082 12 10 Accrued at 31st March, 1912 .. .. 14,102 4 0 .1 .. . . - . . ___ : 18,184 16 M) '" £64,073 16 2; * : : £64;073 16 ; '2 Statement of Management Expenses Account for the Year ended 31st March, L 912.. Dk. : £ s, d. Cβ. : ~, $], s. d To Audit Department .. .. .. 100 0 0 By Cons»nt fees.. .. ■■ .-. - -.-. ff 10 0 Postages and telegrams .. . ■ 146 3 6 Court costs .. .. . . .. 2 4 0 Post Office services .. .. .. 200 0 0 Production fees .. .. .. 37 15 8 Printing and stationery .. .. 100 0 0 ! Release fees .. .. . . .. 44 10 0 Salaries .. .. ■• ■■ 1,350 0 0 Sundries .. .. .. .. 15 8 Solici'ors' costs .. .. .. 34 10 1 Valuation fees .. .. .. 1,766 10 6 Valuation Department— Balance transferred to Profit and Loss Agency work .. .. .. 250 0 0 Account .. .. .. .. 2,093 12. 1 Fees .. .. •• • • 1,589 10 Valuaiion fees re'unded .. 128 1 6 ' " ' ■ - Valuation fees transferred .. 48.11 0 -■■' ."." . £3,946 7 1 .., £3,946 7 1