10

8.—13

ADVANCES TO LOCAL AUTHOBITIES BEANCH. Statement of Liabilities and Assets as at 31st March, 1913. Liabilities. £ s. d. Assets. Sundry loans ■. • • 1,858,000 0 0 Investment Account, less & s. d. h s. d. Temporary advances from Settlers Branch 200,000 0 0 total repayments of Interest on loans accrued but not aue .. 31,357 11 9 principal- , 7iqm9 o o Local bodies .. 1,710,U12 d o Hauraki Plains .. 83,426 5 0 Opening up land for settlement .. 148,962 17 1 Bangitaiki land drainage .. .. 34,475 0 0 . 1,979,876 5 4 •Plus mortgage instalments overdue — principal (looal bodies) .. .. 821 16 9 Total balance of principal owing on mortgages .. .. .. 1,980,698 2 1 ♦Mortgage instalments overdue — interest .. .. .. 1,995 4 8 Interest on mortgages, acorued but not dve — Local bodies .. 13,347 16 7 Hauraki Plains .. 1,672 15 8 Opening up land for settlement .. 3,026 3 8 Rangitaiki land drainage 523 3 7 18,569 19 6 Interest on temporary investment, aocrued but not due .. .. 37 5 2 Temporary advanoe to Guaranteed Mining Branch .. .. .. 465 0 0 Sinking Fund—Public Trustee .. 54,786 7 9 Profit and Loss Acoount .. .. 23,192 10 8 Cash in hand and in bank at 31st March, 1913 .. .. .. 9,613 111 £2,089,357 11. 9 £2,089,357 11 9

*Of the mortgage instalments overdue, a large percentage had been received by Postmasters at 31st March, 1913, and was in course ol transit to this office.

Statement of Pbofit and Loss Account for the Year ended 31st March, 1913. Dr. £ s. a. Gβ. £ a. d. To Balance, Interest Account .. .. 1,924 5 2 By Management Expenses Account—fees in excess of expenses .. .. 1,288 18 11 Balance—loss for the year .. .. 635 6 3 £1,924 5 2 £1,924 5 2 £ s. d. £ s. d. To Balance as at 31st Maroh, 1912 .. 22,557 4 5 By Balance—total losses to 31st March, Losses for the year .. .. .. 635 6 3 1913 .. .. .. .. 23,192 10 8 £23,192 10 8 £23,192 10 8