5

8.—13.

BALANCE-SHEET.— ADVANCES TO SETTLEES BBANCH. Statement of Liabilities and Assets as at 31st March, 1913. Liabilities. ■ Assets. £ ] '-.a. d. £ s. d. Sundry loans .. .. .. 8,085,644 1 7 | Investment Account, less total repayTemporary advance from Guaranteed ments .. .. .. .. 7,451,127 1 3 Mining Branch .. ... .. 10,000 0 0 * Plus mortgage instalments overdue Advances Suspense Account .. .. 25,620 10 6 —principal .. .. .. 6,690 9 10 Pire Loss Suspense Account .. .. 5,341 12 4 Suspense Account .. .. .. 2,982 12 9 Total principal owing by mortgagors at BeserveFund .. .. .. 50,000 0 0 31st March, 1913 .. .. ..7,457,817 11 1 Interest payable on loans, accrued but j 'Mortgage instalments overdue —interest 21,343 11 9 not due .. .. .. .. 58,832 18 10 i Interest on mortgages, accrued but not Interest payable on deposits, accrued due .. .. .. .. 70,903 13 4 but not due .. .. .. 7 19 5 Interest on temporary advances, accrued Interest payable on temporary advances, but not due .. .. .. 894 0 2 acorued but not due .. .. 103 12 7 j Loan Charges Account .. .. 40,000 0 0 Profit and Loss Account .. .. 237,441 12 0 Temporary advances to Local Authorities Branoh .. .. .. 200,000 0 0 Temporary advances to Land for Settlements Branch .. .. .. 60,000 0 0 Insurance Premiums Account .. 296 4 8 Office Furniture and Equipment Account 596 3 8 , ; Sinking Fund Acoount—Public Trustee 352,904 13 9 j Cash in hand and in bank at 31st Maroh, 1913 .. .. .. .. 271,219 1 7 £8,475,975 0 0 ! £8,475,975 0 0 • Oi the mortgage instalments overdue, a large percentage had been received by Postmasters at Blst Maroh, 1913, and was in course of transit to this office.

Statement of Pkopit and Loss Account for the Year ended 31st March, 1913. Dk. £ s. d. Gβ. £ s. d. To Management Expenses Aocount .. 11,385 15 0 By Interest Account—gross profits .. 85,502 2 (i Compensation paid to H. Voight, as recommended by the Publio Petitions Committee .. .. .. 50 0 0 Losses on securities .. .. 6 16 Doubtful securities —written down .. 196 4 3 Balance—net profits for the year ended 31st March, 1913.. .. .. 73,864 1 9 £85,502 2 6 . £85,502 2 6 Loan flotation charges—written down 44,958 15 6 Balance at 31st March, 1912 .. 208,602 10 7 Office Furniture and Equipment Ac- Net profits for the year .. .. 73,864 1 9 count —written down .. .. 66 4 10 Balanoe—net profits carried forward.. 237,441 12 0 £282,466 12 4 £282,466 12 i — = =

Statement of Intekkst Account for the Year ended 31st March, 1913. Dβ. £ s. d. £ s. d. Oh. £ s. d. £ s. d. To Interest paid on loans.. 265,712 12 6 By Interest received on Less accrued interest at mortgages .. 329,604 4 6 31st March, 1912 .. 53,054 5 7 Less overdue and ac- — 212,658 6 11 erued at 31st March, Accrued interest pay- 1912 .. .. 86,356 11 6 able on loans at 31st 243,247 13 0 March, 1913 .. 58,832 18 10 I Interest on bank balances .. .. 658 19 8 Interest paid on deposits 21 6 11 Interest on amounts temporarily adLess accrued interest at vanoed to other Branches .. 8,840 1 11 31st March, 1912 .. 9 3 7 Interest on temporary investments .. 1,976 1 1 12 3 4 Interest on sinking fund—Public Accrued interest payable on deposits at Trustee .. .. .. 10,463 8 0 31et March, 1913 .. .. 7 19 5 Interest acoraed but not due on tern paid on amounts advanced porary investments .. .. 894 0 2 from other Branches .. .. 1,210 5 4 Interest on mortgages— Accrued interest payable on advances Overdue at 31st from other Branches at 31st March, March, 1913 .. 21,343 11 9 1913 .. .. .. .. 103 12 7 Acoruedbutnotdue Balance —gross profits transferred to at 31st March, Profit and Loss Account .. .. 85,502 2 6; 1913 .. .. 70,903 13 4 92,247 5-1 £358,327 8 11 . £358,327 8 11