7

8.—13

Statement of Interest Account for the Year ended 31st March, 1915. Dr. £ s. d. £ s. d. , Or. £ s. d. £ s. d. To Interest paid on loans .. 106,189 1 1 By Interest on mortgages ..101,124 5 2 Less interest aoorued at Lesß interest overdue and 31st March, 1914 .. 28,406 7 8 accrued at 31st Maroh, 77,782 13 5 1914 .. .. 37,480 2 5 Interest payable on loans, accrued but 03,638 2 9 not due, at 31st March, 1915 .. 25,391. 3 8 I Interest on bank balaroes .. 72 19 1 Interest paid on amounts temporarily Intorest on temporary intransferrod from Settlers Branch .. 3,981 16 10 j vestments .. .. 18,795 15 8 Balance — gross profits transferred to Less interest accrued at Profit and Loss Account .. .. 12,562 1 10 31st March, 1914 .. 6,000 0 0 12,795 15 8 Interest on mortgages— Overdue at 31st March, 1915 .. 12,686 4 7 Acorued but not due at 31st March, 1915 .. 30,524 13 8 43,210 18 3 £119,717 15 9 £119,717 15 9

Statement of Management Expenses Account for the Year ended 31st March, 1915. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. ~. 150 0 0 By Court costs .. .. .. .. 016 0 Commission! on money collected 2 15 2 Production fees .. .. .. 28 5 0 Inspection fees .. .. ..: 396 Refund of amount overpaid in advertising Postages and telegrams ..■, ~ 148 16 6 properties for sale .. .. .. 710 .0 Post Office services '.. ... .. 400 0 0 Release fees .. .. .. .. 30 10 0 Printing and stationery .. .. 200 0 0 Sundries .. .. .. .. 4 9 1 Salaries .. .. .. .. 1,870 0 0 Balance transferred to Profit and Loss Solicitor's costs .. .. .. 3 17 0 Account .. .. .. .. 2,957 8 1 Valuation Department—agency work .. 250 0 0 £3,028 18 2 £3,028 18 2 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 24th June, 191,5. Fjxamined and found correct.—Robert J. Collins, Controller and Auditor-General.

PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1915. Liabilities. £ s. d. Assets. £ s. d. Amount reoeived from Treasury .. 615,204 0 0 Investment Account, less Fire Loss Suspense Account .. .. 150 0 0 total repayments of prin- £ s. d. Suspense Account .. .. .. 43 17 6 cipal .. .. .. 181,040 17 10 Profit and Loss Aocount .. .. 37,911 9 11 *Plus mortgage instalments overdue—principal .. 196 10 3 Total prinoipal owing ... . on mortgages advanced to " Settlers " 181,237 8 1 Investment Account, less total repayments of principal .. .. .. 210,743 6 2 *Plus mortgage instalments overdue—principal .. 41 16 8 Total principal owing on mortgages advanced to " Local Authorities" .. 210,785 2 10 •Mortgage instalments overdue—interest 847 12 11 Interest on mortgages, accrued but not due 4,557 6 2 Temporary advances to Settlers Branch .. 76,572 0 0 Insurance Premiums Account .. .. 4 8 6 Cash in hand and in bank at 31st March, 1915 .. .. .. .. 179,305 8 11 £053,309 7 5 £653,309 7 5 * Of the mortgage instalments overdue, a large percentage had been received by Postmasters at 81st March. 1015, and was in course of transit to this office.