8.—13

4

BALA N CE- SHEET. ADVANCES TO SETTLERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1918. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 9,288,193 1 10 Investment Account, less total repayTemporary advances from Public Debt ments .. .. .. .. 7,570,486 18 7 Sinking Fund Branoh .. .. 517,000 0 0 Plus mortgage instalments overdue— Temporary advances from Advances principal.. .. .. .. 16,850 2 4 Offioe Sinking Fund Account .. 210,000 0 0 Advances Suspense Aocount .. .. 12,120 6 9 Total principal owing by mortgagors Fire Loss Suspense Acoount .. .. 1,118 10 0 at 31st March, 1918 ' .. ..7,587,'137 0 11 Suspense Acoount .. .. .. 3,045 4 11 Mortgage instalments overdue—interest 38,633 16 9 Reserve Fund .. .. .. 50,000 0 0 Interest on mortgages, acorued but not Interest payable on loans, accrued but due .. .. .. .. 83,880 1 5 not due .. .. .. .. 74,810 911 Temporary advances to Workers Branch 285,000 0 0 Interest payable on deposits, accrued Temporary advances to Local Authobutnotdue .. .. .. 5 13 2 rities Branch .. .. .. 30,000 0 0 Profit and Loss Account .. .. 415,661 5 3 Temporary investments .. .. 1,494,605 13 2 Interest on temporary investments, accrued but not due .. .. 16,351 12 8 Insurance Promiums Account .. 592 14 5 Office Furniture and Equipment Aocount 1,244 5 6 Sinking Funds— £ s. d. Public Trustee .. 302,904 13 9 Advances Office Sink ing Fund Account 450,648 510 Public Debt Sinking Fund Branch .. 5,447 10 0 759,000 9 7 Cash in bank at 31st March, 1918 .. 270,308 17 5 £10,566,954 11 10 £10,566,954 11 10 Statement of Pkofit and Loss Account for the Year ended 31st March, 1918. Dr. £ s. d. Cr. £ B . d. To Management Expenses Aocount .. 9,920 2 4 By Interest Aocount—gross profits .. 61,671 710 Losses on realization of securities, and doubtful securities written down .. 039 7 0 Balance—net profits for the year ended 31st March, 1918.. .. .. 51,11118 6 £61,671 7 10 £61,671 7 10 £ s. d. £ s. d. Office Furniture and Equipment Ac- Balanoe as at 31st Maroh, 1917 .. 384,407 12 1 oount written down .. .. 138 5 1 Net profits for the year .. .. 51,111 18 6 Loan-flotation charges written down 19,720 0 3 Balance —net profits carried forward.. 415,661 5 3 £435,519 10 7 £435,519 10 7 Statement of Interest Account for the Year ended 31st March, 1918. Dr. £ s. d. £ s. d. Cr. £ a. d. £ s. d. To Interest paid on loans.. 318,717 13 8 By Interest received on Less accrued interest at mortgages .. 341,881 3 3 31st March, 1917 .. 48,354 5 4 Less overdue and 270,363 8 4 accrued at 31st Interest payable on Maroh, 1917 .. 115,696 7 7 loans, accrued but 226,184 15 8 not due at 31st Interest on bank balances .. .. 255 0 9 March, 1918 .. .. 74,810 9 11 Interest on temporary advances to Interest paid on deposits 15 4 1 other branches .. .. 11,027 14 2 Less accrued interest at Interest on temporary £ s. d. 31st March, 1917 .. 713 7 investments .. 73,875 13 i - 7 10 6 Less accrued interest Interest payable on deposits accrued at at 31st Maroh, 1917 24,754 16 7 31st March, 1918 .. .. 5 13 2 49,120 16 9 Interest paid on amounts temp: rarily Interest on temporary investments transferred from other branches .. 18,595 8 5 aocrued at 31st Marcb, 1918 .. 16,35112 8 Balanoe —gross profits transferred to Interest on mortgages— Profit and Loss Account .. .. 61,671 7 10 Overdue at 31sc £ s. d. March, 1918 .. 38,633 16 9 Accrued but not duo at 31st Maroh, 1918 .. .. 83,880 1 5 122,513 18 2 £425,453 18 2 £425,453 18 2