8.—13

8

Statement of Profit and Loss Account for the Year ended 31st March, 1915. Dr. £ s. d. On. £ s. d. To Balance—net profits for the year .. 19,412 5 4 By Interest Account .. .. .. 19,407 12 3 Management Acoount —sundry fees received .. .. .. .. 413 1 £19,412 5 4 £19,412 5 4 £ s. d. £ s. d. Balance—net profits carried forward .. 37,911 911 Balance at 31st March, 1914 .. .. 18,499 4 7 Net profits for the year .. .. 19,412 5 4 £37,911 9 11 £37,911 9 11

Statement of Interest Account for the Year ended 31st March, 1915. Dr. £ s. d. Cr. £ s. d. £ b. d. To Balance transferred to Profit and Lobs By Interest on mortgages, Account .. .. .. .. 19,407 12 3 "Settlers" .. .. 6,980 5 11 Less interest overdue and accrued at 31st Maroh, 1914 .. .. 1,910 8 4 5,009 17 7 Interest on mortgages, " Locbl Authorities ".. 5,164 13 0 Less interest overdue and accrued at 31st Maroh, 1914 .. .. 1,414 16 9 3,749 16 3 Interest on amounts temporarily transferred to Settlers Branch .. .. 5,182 19 4 Interest on mortgages— Overdue at 31st March, £ s. d. 1915 .. .. 847 12 11 Accrued but not due at 31st March, 1915 .. 4,557 6 2 5,404 19 1 £19,407 12 3 £19,407 12 3

Statement of Management Expenses Account for the Year ended 31st March, 1915. Dr. £ a. d. On. £ s. d. To Balance transferred to Profit and Loss By Release fees .. .. .. .. 4 0 0 Account .. .. .. .. 413 1 Production fees .. .. .. 010 0 Sundries .. .. .. .. 0 3 1 £4 13 1 ; £4 13 1 G. F. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 24th June, 1915. Examined and found correct. —Robert J. Collins, Controller and Auditor-General. ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1915. Liabilities. £ s. d. Assets. Sundry loans.. .. .. .. 2,258,067 0 0 Investment Account, less £ s. d. £ s. d. Money received from Treasury in accord- total repayments of anee with section 72, Local Bodies' principal— Loans Act, 1913 .. .. .. 3,208 8 9 J Local bodies ..2,057,50111 3 Interest on loan-moneys, accrued but not Section 70, Local due .. .. .. .. 33,234 1.2 0 Bodies' Loana Act, Suspense Account .. .. .. 44 18 1 1913 .. .. 39,665 5 3 2,097,166 16 6 "Plus mortgage instalments overdue — principal .. .. .. .. 1,096 16 10 Total balance of principal owing on mortgages .. .. .. 2,098,263 13 4 Interest on mortgages— •Overdue at 31st March, £. s. d. 1915 .. .. 2,754 4 2 Aocrued but not due at 31st March, 1915 .. 17,857 1 2 20,011 5 4 Loan Charges Account .. .. .. 21,651 5 0 i i Sinking Funds— Publio Trustee .. 48,461 0 5 Advances Office Sink- >,: ing Fund Account .. 43,099 8 8 Public Debt Extinction Fund Branch . . 1,137 0 0 92,697 9 1 Profit and Loss Acoount .. .. 45,56116 7 Cash in hand and in bank at 31st March, 1915 .. .. .. 15,769 9 6 £2,294,554 18 10 j £2,294,554 18 10 I ; * Of the mortgage instalments overdue, a large percentage had been received by Postmasters at illßt March, 1915, and was in course of transit to this oitice.