8.—13.

6

ADVANCES TO WOKKEES BRANCH. Statement of Liabilities and Assets as at 31st March, 1914. Liabilities. Assets. £ s. d. £ a. d. ■ Investment Account— £ s. d. Sundry loans .. 2,281,926 12 7 Less total repayments .. ..2,196,516 5 4 Temporary loan from *Plus mortgage instalments overdue Settlers Branch .. 70,000 0 0 —principal .. .. .. 3,327 16 11 2,351,926 12 7 ■ Interest payable on loans, accrued but Total principal owing by mortgagors not due .. .. .. .. 28,406 7 8 at 31st March, 1914 .. .. 2,199,844 2 3 Advances Suspense Aocount .. .. 14,245 0 0 "Mortgage instalments overdue—intertst 8,040 17 1 Fire Loss Suspense Account .. .. 1,107 17 6 Interest on mortgages, accrued but not Reserve Fund .. .. .. 13,860 11 7 due .. .. .. .. 29,445 5 4 Interest accrued on amounts deposited in London .. .. .. 6,000 0 0 Loan Charges Aocount .. .. 52,000 0 0 Insurance Premiums Aooount .. 116 8 7 Sinking Fund—Publio £ s. d. Trustee .. .. 52,715 17 9 Sinking Fund — Advances Office Sinking Fund Branch .. 24,927 17 5 77,643 15 2 Suspense Account .. .. .. 3,341 16 8 Cash in hand and in bank at 31st Maroh, 1914 .. .. .. 33,114 4 3 £2,409,546 9 4 £2,409,546 9 4 • Of the mortgage instalments overdue, a large percentage had been received by Postmasters at 31st March, 1914, and was in course of transit to this office.

Statement of Profit and Loss Account for the Year ended 31st March, 1914. Dβ. £ s. d. Cβ. £ s. d. To Management Expenses Aocount .. 2,443 10 11 By Interest Aocount—gioss piofitß .. 12,817 6 5 Doubtful securities—written down .. 11l 4 10 Losses on realization of securities .. 121 14 10 Balanoe—net profits for the year .. 10,140 15 10 £12,817 6 5 £12,817 6 5 £ s. d. i £ s. d. Loan charges written down .. .. 8,822 9 6 Net profits for the year .. .. 10,140 15 10 Balance net profits transferred to Reserve Fund .. .. .. 1,318 6 4 £10,140 15 10 £10,140 15 10

Statement of Inteeest Account for the Year ended 31sb March, 1914. De. £ s. d. £ s. d. j Cβ. £ s. d. £ s. d. To Interest paid on loans .. 84,869 17 6 I By Interest on mortgages .. 82,258 16 6 Less interest accrued at Less interest overdue and 31st March, 1913 ..22,182 3 1 accrued at 31st March, 62,687 14 5 1913 .. .. 24,526 1 6 Interest payable on loans, acorued but 57,732 15 0 not due, at 31st March, 1914 .. 28,406 7 8 Interest on bank balanoes .. .. 130 0 0 Interest paid on amounts transferred Interest on sinking fund — Public from Settlers Branch .. .. 639 111 ; Trustee (acorued) .. .. ~ 2,108 12 2 Balance —gross profits transferred to Interest on temporary investments .. 238 7 1 Profit and Loss Account .. .. 12,817 6 5 Interest on temporary advances to other Branches 1,260 6 1 Less interest accrued at 31st March, 1913 .. 405 12 4 ■ 854 13 9 Interest accrued on amounts deposited in London .. .. .. 6,000 0 0 Interest on mortgages— Overdue at 31st Maroh, 1914 .. 8,040 17 1 Accrued but not due at 31st Maroh, 1914 ..29,445 5 4 37,486 2 5 £104,550 10 5 £104,550 10 5