8.-13

8

ADVANCES TO LOCAL AUTHORITIES BRANCH. Statement of Liabilities and Assets as at 31st March, 1918. Inabilities. £ s. d. Assets. Sundry loans.. .. .. .. 2,775,529 0 0 Investment Account, less £ s. d. £ s. d. Money received from Treasury in accord- total repayments— ance with section 72, Local Bodies' Local bodies .. 2,095,285 6 10 Loans Act, 1913 .. .. .. 3,912 7 3 Section 70, Local Temporary loan from Settlers Branch .. 30,000 0 0 Bodies' Loans Aot, Interest on loan-moneys, acorued but not 1913 .. .. 44,828 17 1 due .. .. .. .. 36,385 6 7 2,140,114 311 Plus mortgage instalments overdueprincipal— Looal bodies .. 2,631 14 9 Seotion 70.. .. 127 12 6 2,759 7 3 Total balanoe of principal owing on mortgages .. .. .. 2,142,873 11 2 Interest on mortgages— Looal bodies— Overdue at 31st £ s. d. March, 1918 .. 5,900 17 1 Accrued but not due at 31st March, 1918 18,286 4 10 Section 70— Overdue at 31st March, 1918 .. 345 1 6 Acorued but not due at 31st Maroh, 1918 425 19 1 24,958 2 6 Loan Charges Account .. .. 39,113 5 0 Temporary investments .. .. 390,188 12 3 Interest accrued but not due on temporary investments .. .. 6,751 12 9 Sinking Funds — £ s. d. Public Trustee .. 48,461 0 5 Advances Office Sinking Fund Account .. 104,841 9 5 Public Debt Sinking Fund Branch ~ 5,345 0 0 158,647 9 10 Profit and Loss Account .. .. 57,819 6 11 Cash in bank at 31st March, 1918 .. 25,474 13 5 £2,845,826 13 10 £2,845,826 13 10 Statement of Profit and Loss Account for the Year ended 31st March, 1918. Dr. £ s. d. Cr. £ s. dTo Balance, Interest Account .. .. 1,213 17 7 By Balance—loss for the year .. .. 1,938 15 10 Balanoe, Management Expenses Account 724 18 3 £1,938 15 10 £1,938 15 10 £ s. d. £ s. d. Balance as at 31st March, 1917 .. .. 55,880 11 1 Balance .. .. .. .. 57,819 6 11 Losb for the year .. .. ..1,938 15 10 £57,819 6 11 £57,819 6 11 Statement of Interest Account for the Year ended 31st March, 1918. Dr. £ s. d. £ s. d. Cr. £ s. d. £ s. d. To Interest paid on loans .. 103,195 12 6 By Interest on mortgagesLess acorued interest at Local bodies .. 79,285 11 2 31st March, 1917 .. 36,522 7 2 Section 70 .. .. 2,022 16 1 66,673 5 4 Interest paid on temporary loans from 81,308 7 3 Settlers Branch .. .. .. 300 1 1 Less interest overdue and Interest payable on loans, accrued but accrued at 31st March, not due at 31st Maroh, 1918 ..36,385 6 7 1917 .. ..24,626 4 0 50,082 3 3 Interest on temporary investments .. .. 20,695 18 4 Less interest accrued at 81st Maroh, 1917 .. 6,943 1 5 13,752 16 11 Interest on temporary investments, acorued but not due at 31st Maroh, 1918 6,75112 9 Interest on mortgages— Overdue at 31st March, £ s d. 1918 .. .. 6,245 18 7 Aocrued but not due at 31st March, 1918.. 18,712 3 11 ■ — 24,958 2 6 Balance transferred to Profit and Loss Account .. .. .. .. 1,213 17 7 I t ■ £103,358 13 0 1 £103,358 13 0