8.—13.

Statement of Profit and Loss Account for the Year ended 31st March, 1913. Dr. £ s. d. Gβ. £ s. d. To Balance—net profits for the year .. 6,711 6 9 By Interest Aocount .. .. .. 6,708 0 8 Management Aooount—sundry fees reoeived .. .. .. .. 3 6 1 £6,711 6 9 £6,711 6 9 Balance at 31st March, 1912 .. .. 340 1 2 Balance—net profits carried forward .. 7,051 711 Net profits for the year .. .. 6,711 6 9 £7,051 7 11 £7,051 7 11

Statement of Interest Account for the Year ended 31st March, 1913. Dβ. £ s. d. Or. £ s. d. £ s. d. To Balance transferred to Profit and Loss By Interest on mortgages .. 3,858 15 6 Account .. .. .. .. 6,708 0 8 Less interest accrued at 31st Maroh, 1912 .. 190 1 2 3,668 14 4 Interest on amount of temporary advanoe to Settlers Branoh .. .. 1,018 2 11 Interest on mortgages— Overdue at 31st March, 1913 .. 493 2 3 Aoorued but not due at 31st Maroh, 1913 .. .. .. .. 1,528 1 2 £6,708 0 8 £6,708 0 8

Statement of Management Expenses Account for the Year ended 31st March, 1913. Dr. £ a. a. Cβ. £ s. d. To Balance transferred to Profit and Lobs By Consent fees.. .. .. .. 0 5 0 Aooount .. .. .. .. 3 6 1 Production fees .. .. .. 110 0 Release fees .. .. .. .. 1 10 0 Sundries .. .. .. .. Oil £3 6 1 £3 6 1

Statement of Receipts and Expenditube for the Year ended 31st March, 1913. Receipts. £ s. d. Expenditure. £ s. d. To Cash in hand and in bank at 31st By Advances on mortgage .. .. 87,135 0 0 March, 1912 .. .. .. 809 3 6 Temporary advance to Settlers Branch 500 0 0 Amount received from Treasury .. 149,343 0 0 Valuation fees refunded £0 10 6 Temporary advances to Settlers Branoh Valuation fees paid to refunded .. .. .. 83,975 0 0 Valuation Department 261 19 6 Interest on mortgages £3,858 15 6 Valuation fees transferred 3 3 0 Interest on temporary 265 13 0 advanoes to Settlers Advances Suspense Account.. .. 3,000 0 0 Branch .. .. 1,018 2 11 Insurance premiums paid by DepartMortgages and instalment .. .. .. .. 6 911 ments of principal Suspense Acoount .. .. .. 58 16 0 repaid .. .. 5,427 7 11 Cash in hand and in bank at 31st March, Consent fees .. 0 5 0 1913 .. .. .. .. 156,268 15 5 Production fees .. 1 10 0 Eelease tees .. 1 10 0 Sundries .. .. 0 11 Valuation fees .. 265 13 0 10,573 5 5 Advances Suspense Acoount.. .. 2,480 0 0 Insurance premiums, refunded by mortgagors .. .. .. 6 9 11 Suspense Aooount .. .. .. 47 15 6 £247,234 14. 4 £247,234 14 i

Statement as required by Section 24 of the Public Debt Extinction Act, 1910. Amount invested .. .. .. .. .. .. £148,545. Securities held .. .. .. .. .. .. Mortgages of property. Rate of interest earned .. .. .. .. .. Five per cent., reducible to 4J per cent, provided instalments paid within fourteen days of due date. Amount of public debt repaid during the year .. .. Nil. Expenses of administration .. .. .. .. Nil. G. F. 0. Campbell, Superintendent. W. N. Hinchliffe, Accountant. New Zealand State-guaranteed Advances Office, Wellington, 11th June, 1913. Examined and found correct, Bobert J. Collins, Controller and Auditor-General.

2—B. 13.

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