B.—lB.

Statement of Management Expenses Account for the Year ended 31st March, 1918. Dr. £ s. d. Cr. £ a. d. To Contribution to Audit Office .. .. 50 0 0 By Sundries .. .. .. .. 0 19 Post Office services .. .. .. 100 0 0 Balanoe transferred to Profit and Loss Postag.s and telegrams .. .. 150 0 0 Account .. .. .. .. 724 18 Printing and stationery .. .. 125 0 0 Salaries .. .. .. 300 0 0 £725 0 0 £725 0 0 G. F. 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.

ADVANCES OFFICE SINKING FUND ACCOUNT. Statement of Liabilities and Assets as at 31st March, 1918. Liabilities. £ s. d. Assets. £ s. d. Totslamount paid in as at 31st Maroh, Investment Acoount, less total repay - 1917 .. .. ■• •■ 526,842 11 9 ments— Amounts pad in for year end»d 31st Advances made to £ s. d. March, 1918— settlers .. 416,82110 0 Advances to Settlers £ s. d. Advances made to Branoh .. .. 84,512 12 7 local bodies .. 60,09113 5 Advances to Workers 476,913 3 5 Branoh .. .. 21,106 3 1 Plus mortgage instalments overdue— Advances to Local principal— Authorities Branch.. 20,580 13 7 £ s. d. — 126,199 9 3 Settlers .. .. 606 10 7 Advances Suspense Account .. .. 920 0 0 Local bodies .. .. 46 2 2 Suspense Account .. .. .. 207 2 2 652 12 9 Profit and Loss Account .. .. 120,348 310 Total balance of principal owing by mortgagors at 31st March, 1918 .. 477,565 16 2 Temporary advances to Settlers Branch 210,000 0 0 Insurance Premiums Acoount.. .. 6 3 8 Interest on mortgages— Settlers— Overdue at 31st Maroh, £ s. d. ■ 1918 .. .. 1,684 6 1 Accrued but not due at 31st Maroh, 1918 .. 4,287 12 2 Local bodies— Overdue at 31st Maroh, 1918 .. .. 170 10 4 Accrued but not due at 31st March, 1918 .. 630 19 10 6,773 8 5 Redemption of loan—Workers Branoh .. 75,000 0 0 Cash in bank at 31st Maroh, 1918 .. 5,17118 9 £774,517 7 0 £7747517 7 0 Statement of Profit and Loss Account for the Year ended 31st March, 1918. Dr. £ s. d. Cr. £ s . dTo Balance —net profits for the year .. 39,677 19 3By Interest Account .. .. .. 39 672 4 7 Management Account—sundry fees .. 5 14 8 £39,677 19 3 £39,677 19 3 £ s. d. £ s _ a. Balance—net profits carried forward 120,348 310 Balance at 31st Maroh, 1917 .. 80 670 4 7 Net profits for the year .. .. 39,677 19 3 £120,348 3 10 £ll!07348 3 10

2—B. 13.

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