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Statement of Interest Account for the Year ended 31st March, 1918. Dr. £ s. d. £ s. d. j Cr. £ s. d. £ s. d. To Interest paid on loans .. 91,731 12 3 \ By Interest on mortgages ..118,592 12 2 Less interest accruod at Less interest overdue and 31st March, 1917 .. 20,304 14 10 accrued at 31st March, 71,426 17 5; 1917 .. .. 42,895 18 7 Interest paid on amounts temporarily — 75,696 18 7 transferred from Settlers Branch .. 10,727 18 1 Interest on mortgages— Interest payable on loans, acoruod but Overdue at 31st notdue .. .. .. .. 24,922 11 8 March, 1918 .. 13,905 14 3 Balance — gross profits transferred to Aocrued but not due at Profit and Loss Account .. .. 13,205 4 2 31st March, 1918 .. 30,679 18 6 . 44,585 12 9 £120,282 6 4 £120,282 6 4 Statement of Management Expenses Account for the Year ended 31st March, 1918. Dr. £ s. d. Cr. £ s. d. To Audit Office services .. .. .. 150 0 0 By Consent foes.. .. .. .. 10 0 Postages and telegrams .. .. 149 10 4 Production fees .. .. .. 315 0 Post Office servioes .. .. .. 400 0 0 Release fees .. .. .. .. 46 0 0 Printing and stationery .. .. 200 0 0 Balance transferred to Profit and Loss Salaries .. .. .. .. 1,735 0 0 Aocount .. .. .. .. 2,837 4 11 Sundries .. .. .. .. 3 9 7 Valuation Department—agency work .. 250 0 0 £2,887 19 11 £2,887 19 11 G. P. C. Campbell, Superintendent. W. N. Hinchliffe, Accountant. State Advances Office, Wellington, 26th July, 1918. Examined and found correct.—Robert J. Collins, Controller and Auditor-General.

PUBLIC DEBT SINKING FUNDS BRANCH. Statement of Liabilities and Assets as at 31st March, 1918. Liabilities. £ s. d. Assets. £ s. d. Amount received from Treasury .. 1,103,113 0 0 Investment Account, less £ s. d. Suspense Account .. .. .. 287 0 5 total repayments .. 159,117 13 11 Profit and Loss Account .. .. 146,285 12 5 Plus mortgage instalments overdue—principal .. 276 5 4 Total prinoipal owing on mortgages advanced to settlers .. 159,398 19 8 Investment Aooount, less total repayments .. 559,396 0 5 Plus mortgage instalments overdue —principal .. 468 17 8 Total principal owing on mortgages advanced to local authorities .. 559,864 18 1 Interest on mortgages — Settlers— Overdue at 31st March, 1918 .. .. 742 5 4 Aocrued but not due at 31st March, 1918 .. 1,560 010 Local Authorities — Overdue at 31st Maroh, 1918 .. .. 1,699 3 11 Acorued but not due at 31st Maroh, 1918 .. 6,250 19 10 10,252 9 11 Temporary advances to Settlers Branoh .. 517,000 0 0 Insurance Premiums Account .. .. 6 7 6 Cash in bank at 31st March, 1918 .. 3,467 18 1 £1,249,985 12 10 £1,219,985 12 10