8.—13

9

Statement of Peofit and Loss Account for the Year ended 31st March, 1914. Dβ. £ s. d. Ca. £ s. d. To Balance, Interest Account .. .. 2,520 19 10 By Balance—losb for the year .. .. 3,129 3 4 Balance, Management Account .. 608 3 6 £3,129 3 4 £3,129 3 4 £ 8. d. £ s. d. To Balance as at 31st Maroh, 1913 .. 23,192 10 8 By Balance .. .. .. .. 32,818 12 4 Amount of sinking fund transferred in accordance with subsection (sb) of section 26, State Advances Act, 1913 .. *6,496 18 4 Losses for tbe year .. .. * .. 3,129 3 4 £32,818 12 4 £32,818 12 4 This amount will be recovered when the loans appropriated for the purposes of opening up land for settlement, Haiiraki Plains Settlement, and Kangitaiki Land Drainage are transferred.

Statement of Intebbst Account for the Year ended 31st March, 1914. Dβ. £ s. d. £ a. i. Cβ. £ a. d. £ s. d. To Interest paid on loans .. 71,227 17 11 By Interest on mortgages — Less accrued interest at Local bodies .. .. 61,473 6 7 31st March, 1913 .. 31,357 11 9 Opening up land for 39,870 6 2 settlement.. .. 5,544 18 6 Interest paia on amounts transferred Hauraki Plains .. 2,965 8 9 from Settlers Branch .. .. 6,130 4 8 Rangitaiki land drainage 1,036 0 1 Accrued interest payable on loans at 71,019 13 11 ■31st March, 1914 .. .. .. 30,326 18 0 Less interest overdue and accrued at 31st March, 1913 .. .. .. 20,565 4 2 50,454 9 9 Interest on bank balances .. .. 247 6 6 Interest on sinking funa — Public 1 Trustee (accruea) .. .. .. 2,109 12 10 Interest on temporary advance to Mining Branch .. .. .. .. 12 6 0 Interest on temporary investment .. .. 2,126 1 6 Less interest accrued at 31st March, 1913 .. 37 5 2 ■ 2,088 16 4 Interest receivable on mortgages— Overaue at 31st Maroh, 1914 .. .. 2,715 6 2 Accrued but not due at 31st March, 1914.. 16,178 11 5 18,893 17 7 Balance transferred to Profit and Loss Account .. .. .. .. 2,520 19 10 £76,327 8 10 £76,327 8 10

Statement of Management Expenses Account for the Year ended 31st March, 1914. ' Dβ. £ s. d. ; Cβ. £ s. a. To Contribution to Audit Office .. .. 50 0 0I By Certificate fees .. .. .. 15 4 6 Post Office services .. .. .. 100 00 j Consent fees.. .. .. .. 050 Postages and telegrams .. .. 98 16 6 | Sundries .. .. .. .. 0 3 6 Printing and stationery .. .. 75 0 0 Balance transferred to Profit and Loss Salaries .. .. .. 300 0 0 Aooount .. .. .. 608 3 6 £623 16 6 £623 16 6 Q. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 23rd June, 1914. Examined and found correct.—Eobert J. Collins, Controller and Auditor-General.

2—B. 13.