8.—13

5

Statement of Management Expenses Account for the Year ended 31st March, 1918. Dr. £ s. d. | Cr. £ s. d. To Audit Offioeservioes .. .. .. 300 0 0 By Consent fees .. .. .. 23 7 0 Office maintenance .. .. .. 152 11 6 Production fees .. .. .. 674 211 Petty general expenses .. .. 303 13 8 Release fees .. .. .. 243 5 0 Postages and telegrams .. .. 498 5 5 Balance transferred to Profit and Loss Post Office services .. .. .. 565 13 0 Account .. .. .. .. 9,920 2 4 Printing and stationery .. ~ 321 15 5 Salaries .. .. .. .. 7,577 8 0 Telephones .. .. .. .. 39 18 4 Travelling expenses .. .. .. 149 15 2 Valuation Department—agency work .. 500 0 0 War bonus .. .. .. .. 451 16 9 £10,860 17 3 £10,860 17 8 G. P. C. Campbell, Superintendent. W. N. Hinchlifpe, Accountant. State Advances Office, Wellington, 26th July, 1918. Examined and found correct.—Robert J. Collins, Controller and Auditor-General. ADVANCES TO WORKERS BRANCH. Statement of Liabilities and Assets as at 31st March, 1918. Liabilities. £ s. d. Assets. £ s. d. Sundry loans .. .. .. 2,419,346 14 1 Investment Account, less total repayTemporary loans from Settlers Branch 285,000 0 0 ments .. .. .. .. 2,627,872 12 9 Interest payable on loans, aocrued but Plus mortgage instalments overdue— not due .. .. .. .. 24,922 11 8 principal.. .. .. .. 8,916 18 11 Advances Suspense Aooount .. .. 3,105 0 0 Fire Loss Suspense Account .. .. 320 0 0 Total principal owing by mortgagors Suspense Acoount .. .. .. 826 2 10 at 31st March, 1918 .. .. 2,636,789 11 8 Reserve Fund, being net profits trans- Mortgage instalments overdue -interest 13,905 14 3 ferred .. .. .. .. 18,693 2 5 Interest on mortgages, accrued but not due .. .. .. .. 30,679 18 6 Loan Charges Aocount .. .. 30,000 0 0 Insurance Premiums Account .. 288 9 7 Sinking Funds— £ s. d. Publio Trustee .. 2,715 17 9 Advances Office Sinking Fund Account .. 22,552 5 9 Public Debt Sinking Fund Branch .. 2,379 10 0 27,647 13 6 Cash in bank at 31st March, 1918 .. 12,902 3 6 £2,752,213 11 0 £2,752,213 11 0 Statement of Profit and Loss Account for the Year ended 31st March, 1918. Dr. £ s. d. Cr. £ s. d To Management Expenses Aocount .. 2,837 4 11 By Interest Account—gross profits .. 13,205 4 2 Losses on realization of securities, and doubtful securities written down .. 618 0 9 Balance —net profits for the year .. 9,754 18 6 £13,205 4 2 £13,205 4 2 £ s. d. £ s. d. Loan-flotation oharges written down .. 7,831 16 1 Net profits for the year .. .. 9,754 18 0 Balance—net profits transferred to Reserve Fund .. .. .. 1,923 2 5 £9,754 18 6 £9,754 18 6