9

8.—13

Statement of Profit and Loss Account for the Year ended 31st March, 1915. Dr. £ s. d. Cr. £ s. d. To Balance, Interest Account .. .. 18,176 1111 By Balanoe—loss for the year .. .. 18,878 17 3 Balance, Management Expenses Account 702 5 4 £18,878 17 3 £18,878 17 3 £ s. d. To Balance as at 31st Maroh, 1914 .. 32,818 12 4 By Refund of part sinking fund trans- £ s. d. Losses for the year .. .. .. 18,878 17 3 ferred in aocordance with subsection (56) of section 26, State Advances Act, 1913 .. .. .. .. 6,135 13 0 Balance .. .. .. .. 45,561 16 7 £51,697 9 7 £51,697 9 7 Statement of Interest Account for the Year ended 31st March, 1915. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest paid on loans .. 101,858 0 2 By Interest on mortgages ..71,146 8 5 Less accrued interest at Less interest overdue and 31st March, 1914 .. 30,326 18 0 accrued at 31st March, 71,531 2 2 1914 .. .. 18,893 17 7 Accrued interest payable on loans at 52,252 10 10 31st Maroh, 1915 .. .. .. 33,234 12 0 Interest on bank balances 240 0 0 Interest on temporary investments .. .. 12,679 16 7 Interest on amounts temporarily transferred to "Settlers" .. .. 805 9 6 13,725 6 1 Interest receivable on mortgages— Overdue at 31st March, 1915 .. .. 2,754 4 2 Accrued but not due at 31st March, 1915.. 17,857 1 2 20,611 5 4 Balance transferred to Profit and Lobs Acoount .. .. .. .. 18,176 11 11 £104,765 14 2 - £104,765 14 2 Statement of Management Expenses Account for the Year ended 31st March, 1915. Dr. £ s. d. Cr. £ s. d. To Contribution to Audit Office .. .. 50 0 0 By Consent fees .. .. .. .. 0 5 0 Post Office services .. .. .. 100 0 0 Gazetting-fees .. .. .. 12 10 0 Postages and telegrams .. .. 140 4 7 Sundries .. .. .. .. 0 4 3 Printing and stationery .. .. 125 0 0 Balance transferred to Profit and Loss Salaries .. .. .. 300 0 0 Account .. .. .. 702 5 4 £715 4 7 £715 4 7 G. F. C. Campbell, Superintendent, W. N. Hinchliffb, Accountant. State Advances Office, Wellington, 24th June, 1915. Examined and found correct.—Robert J. Collins, Controller and Auditor-General.

ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1915. Liabilities. £ s. d Assets. £ s. d. Total amount paid in as at 31st March, Investment Acoount, less total repay--1914 .. .. .. .. 175,537 410 ments of principal .. .. 78,934 16 4 Amounts paid in for *Plus mortgage instalments overdue — year ended 31st principal.. .. .. .. 101 12 4 March, 1915— Total principal owing on mortgages adAdvances to Settlers £ s. d. vanced to" Settlers" .. .. 79,036 8 8 Branch .. .. 84,089 10 0 Advances to Workers Investment Account, less total repayBranoh .. .. 22,819 5 3 ments to "Looal Authorities " .. 3,704 15 3 Advances to Looal Interest on sinking funds hold by Authorities Branch.. 20,580 13 5 Public Trustee, accrued at 31st March, 127,489 8 8 1915 .. 14,186 410 Refund part sinking fund held by Public Interest on mortgages— Trustee .. .. .. .. 70,000 0 0 'Overdueat3lstMaroh, £ s. d. Advances Suspense Account .. .. 450 0 6 1915 .. .. 278 9 2 Profit and Lobs Account .. .. 19,651 15 10 Accrued but not due at 31st March, 1915 569 3 4 847 12 6 Amount paid in redemption of loanmoneys, Workers Branch .. .. 100,000 0 0 Temporary advance to Settlers Branch.. 60,000 0 0 Cash in hand and in bank at 31st March, 1915 .. .. .. 135,353 8 7 £393,128 9 10 £393,128 9 10 * Of the mortgage instalments overdue, a large percentage had been received by Postmasters at the 31et March, 1915, and was in course of transit to this office.

2—B. 13.